Solution

ID: past-exam-of-the-probability-statistics-and-options-i-course-of-the-university-of-oxford/2007/k/2/solution

Milne-Thomson's circle theorem states that if is a complex potential of a two-dimensional potential flow whose singularities lie outside , then
has the circle as a streamline, with the original exterior singularities unchanged. Additive constants in the potential are immaterial.
Take , using the convention that positive is positive circulation. Reflection in the circle gives, up to a constant,
The reflected vortex at has strength , while the central term has strength . Their combined circulation around the cylinder is zero; this is the circulation normalization implicit in the requested equation.
The vortex moves with the velocity induced by the other singularities, excluding its own singular term. Since complex velocity is , its value at the vortex is . Thus
Writing and multiplying this equation by gives
Its real part implies , and its imaginary part gives
The radius is constant and the angular velocity is constant on that orbit. For positive the orbit is clockwise with this convention. Retaining the conjugate on the time derivative is essential for the sign.

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