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𝑉𝑛+1 = 𝐿𝑛 + 𝐷
∴ 𝑉𝑛+1 𝑦𝑖,𝑛+1 = 𝐿𝑛 𝑥𝑖,𝑛 + 𝐷𝑥𝑖,𝐷
𝐷=0
∴ 𝑉𝑛+1 = 𝐿𝑛
∴ 𝑉𝑛+1 𝑦𝑖,𝑛+1 = 𝐿𝑛 𝑥𝑖,𝑛
𝐿𝑛
∴ 𝑦𝑖,𝑛+1 = 𝑥 = 𝑥𝑖,𝑛
𝑉𝑛+1 𝑖,𝑛
Assuming Rault’s Law:
𝐾𝑖
𝑎𝑖,𝑗 = ( )
𝐾𝑗
𝑥𝑖,𝐷 𝑛 𝑥𝑖,𝑛
∴( ) = 𝑎𝑖,𝑗 ( )
𝑥𝑗,𝐷 𝑥𝑗,𝑛
𝑥𝑖,𝐷 𝑥𝑖,𝐵
∴ 𝑙𝑜𝑔 ( ) = (𝑛 + 1)log (𝑎𝑖,𝑗 ) + 𝑙𝑜𝑔 ( )
𝑥𝑗,𝐷 𝑥𝑗,𝐵
𝑥𝑖,𝐷 𝑥𝑖,𝐵
∴ (𝑛 + 1)log (𝑎𝑖,𝑗 ) = 𝑙𝑜𝑔 ( ) − 𝑙𝑜𝑔 ( )
𝑥𝑗,𝐷 𝑥𝑗,𝐵
𝑥 𝑥𝑗,𝐵
log [(𝑥𝑖,𝐷 ) (𝑥 )]
𝑗,𝐷 𝑖,𝐵
∴𝑛+1=
log (𝑎𝑖,𝑗 )
Defining Light Key (LK), Heavy Key (HK) and taking into consider variance in relative volatility:
𝑥 𝑥
log [(𝑥 𝐿𝐾,𝐷 ) ( 𝑥𝑖𝐻𝐾,𝐵 )]
𝐻𝐾,𝑛𝐷 𝐿𝐾,𝐵
∴ 𝑁𝑚𝑖𝑛 + 1 =
log [(𝑎𝐿𝐾,𝐻𝐾 )𝑎𝑣𝑔 ]
𝐾𝐿𝐾,𝐷 𝐾𝐿𝐾,𝐵
(𝑎𝐿𝐾,𝐻𝐾 )𝑎𝑣𝑔 = √( )( )
𝐾𝐻𝐾,𝐷 𝐾𝐻𝐾,𝐵