WorldWideScience

Sample records for brokerage

  1. Franchising in Residential Brokerage

    OpenAIRE

    John D. Benjamin; Peter Chinloy; Donald Jud; Daniel T. Winkler

    2006-01-01

    This paper explores the profitability of real estate franchises. The database for the study consists of observations from the National Association of Realtors©' 2001 survey of real estate brokerage firms. Franchises are found to generate additional revenue for franchisees. However, net margins defined as the difference between revenues received and expenses paid (including franchise royalties) are lower for firms with franchises. The findings indicate that franchisors appear to extract the e...

  2. Business Mododelling of Electronic Brokerage

    DEFF Research Database (Denmark)

    Skouby, Knud Erik; Øst, Alexander Gorm

    1998-01-01

    The central task of Business Modelling is to develop a theoretical techno-economic reference model for analyses of the value chain in the production of brokerage services in electronic networks......The central task of Business Modelling is to develop a theoretical techno-economic reference model for analyses of the value chain in the production of brokerage services in electronic networks...

  3. Information brokerage: GAIA service assessment

    DEFF Research Database (Denmark)

    Dormann, Claire

    1999-01-01

    Electronic brokerage concepts and systems offer the customer the opportunity to find the right product, at the right price, from the right supplier. Electronic brokerage systems have the potential to expand the market allowing customers to source a new range of products adapted to their need and...

  4. Transportation Brokerage: An Instructional Module.

    Science.gov (United States)

    Hayden, Linda

    A concept-based introduction to transportation brokerage is provided in this instructional module for undergraduate and graduate transportation-related courses for disciplines such as engineering, business, marketing, and technology. The concept of transportation brokerage is defined as an assignment of the management of a specific element of a…

  5. Futures Brokerages Face uncertain Future

    Institute of Scientific and Technical Information of China (English)

    WANG PEI

    2006-01-01

    @@ 2005 was a quiet year for China's futures market.After four new trading products, including cotton, fuel oil and corn, were launched on the market in 2004, the development of the market seemed to stagnate. The trade value of the futures market totaled 13.4 trillion yuan (US$ 1.67 trillion) in 2005, down 8.5 percent year-on-year. Although the decrease is quite small and the trade value was still the second highest in the market's history, the majority of futures brokerage firms were running in the red. In some areas, up to 80 percent of futures companies made losses.

  6. Bringing More Competition to Real Estate Brokerage

    OpenAIRE

    Gurman, Jesse; Hahn, Robert W.; Litan, Robert E.

    2005-01-01

    This paper provides an economic analysis of the residential real estate brokerage industry. We find that the traditional model for residential real estate brokerage services may be dated, and could be improved substantially with some public policy interventions that spur innovation. We believe that there are numerous barriers to entry that are slowing the emergence of new models for serving consumers. Some of these barriers are likely to be anti-competitive. Examples include discrimination ag...

  7. TD Waterhouse discount brokerage: a competitive strategy

    OpenAIRE

    Dangerfield, Catherine

    2007-01-01

    This paper provides a strategic analysis of TD Waterhouse (TDW), the discount brokerage provider within TD Bank Financial Group (TDBFG). Discount brokerage in Canada is an increasingly lucrative industry and contributes significantly to the bottom lines of every major financial institution in the country. It is also a rapidly changing and intensely price-competitive industry in which an explicit, educated business strategy is of the utmost importance. TDW currently employs a somewhat ambiguou...

  8. Product Liability Issues in Real Estate Brokerage

    OpenAIRE

    Thomas Potter; Theron R. Nelson; Susan Logan Nelson

    1991-01-01

    The legal environment for real estate brokers is moving inexorably toward the doctrine of strict liability in a product liability context. The agency relationship model currently popular in real estate brokerage may not be able to withstand this threat. A recommendation is made that the industry move toward a market-making role which lies outside the chain of distribution of the real estate product. By moving out of the distribution channel, brokers may be able to revert to a "due care" stand...

  9. RESERV: An Instrument for Measuring Real Estate Brokerage Service Quality

    OpenAIRE

    Susan Logan Nelson; Theron R. Nelson

    1995-01-01

    By applying the process utilized in the development of a generic service quality measurement instrument (SERVQUAL), an instrument to measure perceived levels of satisfaction with real estate brokerage service quality (RESERV) is developed. The RESERV instrument contains thirty-one items in seven dimensions and exhibits both high internal consistency and convergent validity. The findings, based upon a survey of home sellers, supports the notion that the real estate brokerage industry is not un...

  10. Brokerage Firm Competition in Real Estate Commission Rates

    OpenAIRE

    William C. Goolsby; Barbara J. Childs

    1988-01-01

    This paper attempts to provide an explanation for the variance in real estate commission rates by analyzing the interaction of the real estate commission and the selling price of properties. The data presented here strongly suggest that there is competition in the rate of commission charged by real estate brokerage firms.

  11. Designing an e-Learning Objects Brokerage System

    NARCIS (Netherlands)

    Avgeriou, P.; Michael, L.; Stavrou, I.; Retalis, S.

    2003-01-01

    E-Learning Objects Brokerage Systems are considered as the state-of-the-art in systems that facilitate the exchange of learning objects. These systems currently exist and operate at a limited scale but their use is vastly increasing, especially in multi-party educational organizations, such as virtu

  12. The Residential Real Estate Brokerage Industry: What Would More Vigorous Competition Look Like?

    OpenAIRE

    Lawrence J. White

    2006-01-01

    The residential real estate brokerage industry represents a troubling instance of false appearances. Though the numbers of sales agents and brokerage firms, plus easy entry, would appear to offer the promise of vigorous competition, actual practices in the industry have caused reality to fall substantially short of the potential. After recounting the history of the transition of the securities industry from fixed and non-competitive stock brokerage commissions to far more vigorous competition...

  13. MEASURING SERVICE QUALITY USING SERVQUAL MODEL: A CASE STUDY OF BROKERAGE OFFICES IN IRAN

    OpenAIRE

    Alireza Rajabipoor Meybodi

    2012-01-01

    Purpose: Many organizations especially service organizations to suit their ideals and mission specific approach to the topic that have quality and management. This paper is intended to subject the importance of quality serve the brokerage offices, the gap analysis using the model and analysis techniques to Servqual quality service brokerage offices presented a case study (Stock Brokerage office's regional provinces Yazd) pay. Design/methodology/approach: Application of statistical non-paramet...

  14. Earnings Management, Ownership Expropriation and Brokerage Fee of Malaysian Property Companies

    OpenAIRE

    Ung, Lik-Jing; Brahmana, Rayenda; Puah, Chin Hong

    2014-01-01

    Real estate values in Malaysia have climbed steadily over the years due to a combination of reasons giving companies a higher brokerage fee. In corporate governance literature, ownership expropriation is crucial in the relationship between income (brokerage fee) and earnings management. However, research investigating whether real estate companies might manipulate their earnings through the brokerage fee across ownership expropriation is limited. Therefore, this study uses real estate firms l...

  15. Brokerage and SME Innovation: An Analysis of the Technology Transfer Service at Area Science Park, Italy

    Science.gov (United States)

    Cattapan, Paolo; Passarelli, Mariacarmela; Petrone, Michele

    2012-01-01

    This paper contributes to the literature on innovation brokerage by analysing the effects of brokerage activities on the innovation and growth of small and medium-sized enterprises (SMEs). The authors provide a detailed description of the Technology Transfer Service (TTS), credited as a European best-practice innovation broker, at Area Science…

  16. 78 FR 51177 - Notice of Intent To Grant Partially Exclusive Patent License; ICAP Patent Brokerage, LLC

    Science.gov (United States)

    2013-08-20

    ... Department of the Navy Notice of Intent To Grant Partially Exclusive Patent License; ICAP Patent Brokerage... gives notice of its intent to grant to ICAP Patent Brokerage, LLC, a revocable, nonassignable, partially exclusive license in the United States to practice the Government-Owned inventions described in U.S....

  17. 78 FR 72872 - Notice of Intent To Grant Partially Exclusive Patent License; ICAP Patent Brokerage, LLC

    Science.gov (United States)

    2013-12-04

    ... Department of the Navy Notice of Intent To Grant Partially Exclusive Patent License; ICAP Patent Brokerage... gives notice of its intent to grant to ICAP Patent Brokerage, LLC, a revocable, nonassignable, partially exclusive license in the United States to practice the Government-Owned inventions described in U.S....

  18. Advertising versus Brokerage Model for Online Trading Platforms

    OpenAIRE

    Jianqing Chen; Ming Fan; Mingzhi Li

    2012-01-01

    The two leading online consumer-to-consumer platforms use very different revenue models: eBay.com in the United States uses a brokerage model in which sellers pay eBay on a transaction basis, whereas Taobao.com in China uses an advertising model in which sellers can use basic platform service for free and pay Taobao for advertising service to increase their exposure. This paper studies how the revenue model affects a platform's revenue, buyers' payoffs, sellers' payoffs, and social welfare. W...

  19. Social capital in Asia: Investigating returns to brokerage in collectivistic national cultures.

    Science.gov (United States)

    Merluzzi, Jennifer

    2013-05-01

    Evidence on the returns to brokerage networks predominately comes from studies of firms located in the United States. Analyses conducted in other countries have noted differences in how social capital may be valued questioning whether brokerage networks yield economic advantage in less individualistic contexts such as Asia. Using network data on employees involved in a product launch in the Asian region of a large American software firm, evidence of returns to brokerage is found among the top executives located and working in the collectivistic national country offices. This finding provides new insights on how returns to brokerage in a non-US culture may arise by considering the differing influences of firm and national culture as well as an employee's formal position at a firm. PMID:23522001

  20. A multi-agent brokerage platform for media content recommendation

    Directory of Open Access Journals (Sweden)

    Veloso Bruno

    2015-09-01

    Full Text Available Near real time media content personalisation is nowadays a major challenge involving media content sources, distributors and viewers. This paper describes an approach to seamless recommendation, negotiation and transaction of personalised media content. It adopts an integrated view of the problem by proposing, on the business-to-business (B2B side, a brokerage platform to negotiate the media items on behalf of the media content distributors and sources, providing viewers, on the business-to-consumer (B2C side, with a personalised electronic programme guide (EPG containing the set of recommended items after negotiation. In this setup, when a viewer connects, the distributor looks up and invites sources to negotiate the contents of the viewer personal EPG. The proposed multi-agent brokerage platform is structured in four layers, modelling the registration, service agreement, partner lookup, invitation as well as item recommendation, negotiation and transaction stages of the B2B processes. The recommendation service is a rule-based switch hybrid filter, including six collaborative and two content-based filters. The rule-based system selects, at runtime, the filter(s to apply as well as the final set of recommendations to present. The filter selection is based on the data available, ranging from the history of items watched to the ratings and/or tags assigned to the items by the viewer. Additionally, this module implements (i a novel item stereotype to represent newly arrived items, (ii a standard user stereotype for new users, (iii a novel passive user tag cloud stereotype for socially passive users, and (iv a new content-based filter named the collinearity and proximity similarity (CPS. At the end of the paper, we present off-line results and a case study describing how the recommendation service works. The proposed system provides, to our knowledge, an excellent holistic solution to the problem of recommending multimedia contents.

  1. Customs Brokerage Services and Trade Facilitation: A Review of Regulatory Coherence

    OpenAIRE

    Llanto, Gilberto M.; Navarro, Adoracion M.; Detros, Keith C.; Ortiz, Ma. Kristina P.

    2013-01-01

    The study looks at the rarely studied customs brokerage activity in the Philippines and its role in facilitating trade given the ongoing push to modernize customs administration. It analyzes how the customs brokerage profession is being regulated and synthesizes insights on opposing views on the importance of customs brokers in trade facilitation. The results of the study clearly point toward a declining relevance of the customs brokers` services in an environment where customs administration...

  2. Assessment of Real Estate Brokerage Service Quality with a Practicing Professional's Instrument

    OpenAIRE

    Vicky L. Seiler; Webb, James R.; Thomas W. Whipple

    2000-01-01

    This study explores factors that affect service quality for a large residential real estate brokerage in a diverse midwestern city. It examines the extent to which overall service quality influences homebuyers to recommend the brokerage firm and to use the firm for future transactions. A Linear Structural Relations model is fit to data using the firm's service quality instrument. Results indicate statistically significant relationships between both agent characteristics and the tangible aspec...

  3. Structure of the Real Estate Brokerage Industry: Requiem for the Heavyweights? Teachers Instructional Packet (TIP) No. 16, Spring 1987.

    Science.gov (United States)

    Harris, Jack C.

    Part of a series of classroom aids designed for real estate instructors, this instructional packet was developed to help real estate students understand requirements for structure of the Texas real estate brokerage industry. First, information is presented on real estate brokerage, touching upon the industry's growth and the expansion of brokerage…

  4. Brokerage-based value co-creation in co-optating business networks

    DEFF Research Database (Denmark)

    Gretzinger, Susanne; Leick, Birgit

    2016-01-01

    center of the case analysis. Findings: Network benefits stemming from asymmetrical resource-dependency constellations such as control and brokerage opportunities may not be sufficiently recognized by firms embedded in business networks. Such benefits may accrue owing to the central, unchallengeable...... position of powerful ‘socio-centric stars’ that exercise control over the partaking members and also because there is a lack of awareness on the power base of the heterogeneous members. Value: The role of awareness for network brokers and brokerage opportunities in connection with value co-creation within...... inter-firm business networks is still an under-explored topic in management practice and research. By stressing the importance of brokerage as a tool to balance trade-offs asymmetrical networks, the case study contributes to this broad discussion....

  5. 11 CFR 100.143 - Brokerage loans and lines of credit to candidates.

    Science.gov (United States)

    2010-01-01

    ... card, home equity line of credit, or other line of credit available to the candidate, as described in 11 CFR 100.83, is not an expenditure. ... 11 Federal Elections 1 2010-01-01 2010-01-01 false Brokerage loans and lines of credit...

  6. 11 CFR 100.83 - Brokerage loans and lines of credit to candidates.

    Science.gov (United States)

    2010-01-01

    ..., credit card, home equity line of credit, or other line of credit available to the candidate, including an... making such loan makes loans derived from an advance on a candidate's brokerage account, credit card... card, home equity line of credit, or other line of credit available to the candidate, for which he...

  7. Brokerage by a Project Manager across a New Product Development Project

    DEFF Research Database (Denmark)

    Jepsen, Lisbeth Brøde; Jepsen, Anna Lund; Dietrich, Perttu

    2012-01-01

    suppliers and customers, but also directly between the external stakeholders, primarily customers and suppliers. Project managers (PMs) are at the core of this process as they can link the various stakeholders of the NPD project and thereby facilitate the knowledge communication between these stakeholders....... Such linking can be regarded as different types of brokerage. This study aims at creating knowledge about the project manager (PM) as an important link in knowledge communication in new product development (NPD) projects. The study focuses on differences across the NPD project course and on a distinction...... project management, there is a need for such research. The study provides significant methodological additions to prior research, because it is based on an in-depth longitudinal case study with objective data. Unlike many studies that have analyzed the brokerage phenomenon from a static perspective using...

  8. Service Quality Determinants and Effectiveness in the Real Estate Brokerage Industry

    OpenAIRE

    Linda L. Johnson; Michael J. Dotson; B.J. Dunlap

    1988-01-01

    This study provides an analysis of the real estate brokerage industry for the purposes of identifying the determinants of service quality, the level of service quality, and possible service quality improvement measures. Factor analysis of survey response data is used to develop an empirical application of a theoretical service quality model. Except for rank order, real estate service quality determinants are found to match those in other industries. Real estate service quality met expectation...

  9. Impossibility of a Competitive Equilibrium in the Real Estate Brokerage Industry

    OpenAIRE

    Abdullah Yavas

    2001-01-01

    This note shows that the presence of fixed costs (e.g., licence fees, fees for local, state and national realtor associations, continuing education expenses, some of the office expenses, etc.) in the real estate brokerage industry makes it impossible to have competitive commission rates as the equilibrium outcome. In fact, the only pure strategy Nash equilibrium involves monopoly commission rates. This outcome compels alternative equilibrium explanations for the industry and for the future re...

  10. Knowledge brokerage - potential for increased capacities and shared power in impact assessment

    International Nuclear Information System (INIS)

    Constructive and collaborative planning theory has exposed the perceived limitations of public participation in impact assessment. At strategic levels of assessment the established norm can be misleading and practice is illusive. For example, debates on SEA effectiveness recognize insufficiencies, but are often based on questionable premises. The authors of this paper argue that public participation in strategic assessment requires new forms of information and engagement, consistent with the complexity of the issues at these levels and that strategic assessments can act as knowledge brokerage instruments with the potential to generate more participative environments and attitudes. The paper explores barriers and limitations, as well as the role of knowledge brokerage in stimulating the engagement of the public, through learning-oriented processes and responsibility sharing in more participative models of governance. The paper concludes with a discussion on building and inter-change of knowledge, towards creative solutions to identified problems, stimulating learning processes, largely beyond simple information transfer mechanisms through consultative processes. The paper argues fundamentally for the need to conceive strategic assessments as learning platforms and design knowledge brokerage opportunities explicitly as a means to enhance learning processes and power sharing in IA. - Highlights: ► Debates on SEA recognize insufficiencies on public participation ► We propose new forms of engagement consistent with complex situations at strategic levels of decision-making ► Constructive and collaborative planning theories help explain how different actors acquire knowledge and the value of knowledge exchange ► Strategic assessments can act as knowledge brokerage instruments ► The paper argues for strategic assessments as learning platforms as a means to enhance learning processes and power sharing in IA.

  11. Bundling and Pricing for Information Brokerage: Customer Satisfaction as a Means to Profit Optimization.

    OpenAIRE

    Somefun, Koye; La Poutré, Han

    2003-01-01

    Traditionally, the study of on-line dynamic pricing and bundling strategies for information goods is motivated by the value-extracting or profit-generating potential of these strategies. In this paper we discuss the relatively overlooked potential of these strategies to on-line learn more about customers' preferences. Based on this enhanced customer knowledge an information broker can-- by tailoring the brokerage services more to the demand of the various customer groups-- persuade customers ...

  12. Strategic approaches and assessment techniques-Potential for knowledge brokerage towards sustainability

    International Nuclear Information System (INIS)

    The role of science in policy and decision-making has been an issue of intensive debate over the past decade. The concept of knowledge brokerage has been developing in this context contemplating issues of communication, interaction, sharing of knowledge, contribution to common understandings, as well as to effective and efficient action. For environmental and sustainability policy and decision-making the discussion has addressed more the essence of the issue rather than the techniques that can be used to enable knowledge brokerage. This paper aims to contribute to covering this apparent gap in current discussion by selecting and examining empirical cases from Portugal and the United Kingdom that can help to explore how certain environmental and sustainability assessment approaches can contribute, if well applied, to strengthen the science-policy link. The cases show that strategic assessment approaches and techniques have the potential to promote knowledge brokerage, but a conscious effort will be required to design in genuine opportunities to facilitate knowledge exchange and transfer as part of assessment processes.

  13. Knowledge brokerage context factors – What matters in knowledge exchange in impact assessment?

    International Nuclear Information System (INIS)

    Highlights: • Different knowledge brokerage strategies can be applied in impact assessment. • A conceptual framework for knowledge brokering is introduced. • Six test cases from different areas and jurisdictions are reviewed. • Various context factors affect the success of knowledge brokering in IA. - Abstract: The success of an impact assessment (IA) can mean both instrumental success of applying IA results directly in decision-making, and conceptual success linked to learning about policy problems more generally. Both instrumental and conceptual success can be claimed to be reliant on the knowledge exchange context of the IA, shaped by factors such as the complexity of the policy problem, type of policy area, organisational norms, actor constellations and continuance and openness of information sharing. Even though such context factors may be pre-set, they are nevertheless contested and reformulated during each IA process. This paper ties together lessons from six different IA processes that were performed between 2011 and 2013. The cases include agricultural policy at the EU and regional level in Greece, national-level climate change and energy policy in Finland and Estonia, resource efficiency policy at the German national level, and sustainable land use policy in Inner Mongolia, China. The paper introduces and applies a typology of knowledge brokerage context factors. The paper asks how knowledge brokerage is shaped by different contexts and what determines the consequent application (or non-application) of IA tools and the use of IA results. The paper concludes by highlighting the significance of identification and acknowledgement of different knowledge exchange contexts in IA

  14. The integration of stock exchanges: The case of the Latin American Integrated Market (MILA and its impact on ownership and internationalization status in Colombian brokerage firms

    Directory of Open Access Journals (Sweden)

    Beatriz Yepes-Rios

    2015-12-01

    Full Text Available This paper describes the changes in ownership and internationalization of the brokerage firms in Colombia as a result of the regional integration process of its stock exchange market through the Latin American Integrated Market (MILA. It proposes that the integration of stock exchanges generated transformations within the brokerage sector, and affected companies in response pursue different strategies to remain competitive in the current state of affairs. In the case of Colombia, stock exchange integration through MILA has resulted into mergers between local brokerage firms, acquisitions from both national and international companies and changes in ownership.

  15. Gender and Power Dynamics in Transnational Marriage Brokerage: The Ban on Commercial Matchmaking in Taiwan Reconsidered

    Directory of Open Access Journals (Sweden)

    Hsun-Hui Tseng

    2015-06-01

    Full Text Available Taiwan attracted a considerable number of marriage migrants from Southeast Asia and China through brokers in the late 1990s and early 2000s. With widely circulated, sensational news stories about foreign spouses being abused and advertisements of foreign brides as objects for sale, women involved in the business were gradually seen by the public as victims of transnational marriage brokerage. Under pressure from some women’s groups in Taiwan and the anti-trafficking campaign in the international community, the Taiwanese government eventually banned transnational commercial matchmaking in 2008. This article examines the gender politics behind the ban by reviewing the debate over this policy. It also provides an ethnographic study of women’s power relationships with other parties involved in the marriage business. By exposing the market and cultural logic that made this business blossom, this article challenges the binaries of perpetrator/victim and exploitation/freedom in the dominant representations of the transnational marriage market. It calls for a transnational and transclass perspective to understand these women’s “active submission” to the market and concludes that, without this consideration, the enforcement of the 2008 ban ends up serving only to save the international reputation of the host country and fulfill the liberal middle-class imaginary of moral order of the host society, rather than solving women’s problems per se.

  16. Study on the roles and acting mechanism of the real estate brokerage in China second-hand housing market

    Institute of Scientific and Technical Information of China (English)

    HUANG Ying; LIU Hong-yu; LIU Lin

    2006-01-01

    As China housing reform deepens, the second-hand housing transactions become more and more popular and real estate brokerages, as an intermediary of the transactions, become an undeniable important part of this market. This article mainly explores the roles and the acting mechanism of real estate brokerages in the second-hand housing market. The results show that the participation of real estate brokers in the second-hand housing market may have positive and negative influences. On one side, brokers ease the housing transaction process and benefits buyers and sellers by shortening the sale time on the market. On the other side, if brokers are the only participants in the housing transaction, acting as buyer and seller like some firms do, housing prices will increase and this negative effect will become even stronger as the participation of many more brokers increases. Therefore, the regulation and management of the industry is vital for the long and healthy development of the housing market in China.

  17. Solving public passenger transportation problems: a need for policy reorientation. [Brokerage or consumer-oriented approach needed

    Energy Technology Data Exchange (ETDEWEB)

    Davis, F.W. Jr.; Oen, K.

    1977-01-01

    Public transportation has declined because policymakers and outdated regulations have restricted the evolution of transportation systems which more closely reflect the mobility and lifestyles of today. Public policy needs to take a consumer-oriented approach to public transportation by recognizing that all consumers do not have the same transportation needs and that one or two modes of transportation cannot satisfy these needs. This report argues that if public transportation is to become an efficient method of satisfying the transportation needs of a community, a brokerage or consumer-oriented approach should be adopted. The transportation broker will match specific individual needs with a broad array of transportation services, and overcome institutional, legal, and operational barriers to the development of new forms of transportation service. 51 references or footnotes.

  18. 论我国期货经纪公司业务模式的创新%Research of the Futures Brokerage Company Business Model Innovation in China

    Institute of Scientific and Technical Information of China (English)

    易铁林

    2012-01-01

    本文阐述了当前我国期货经纪公司的三种业务模式及其主要问题,针对我国的现实情况,提出了我国期货公司新的业务模式的具体设计及相应的对策建议。%This paper presents three types of business patterns, drawing on the business experiences in U.S fu- tures brokerage companies, especially FCM business pattern, and puts forward the specific design and suggestions about new business pattern in China' s futures brokerage companies on the basis of analysis of current situation.

  19. CAME-Toolsuite meet2trade - auf dem Weg zum Computer Aided Market Engineering. Abschlussbericht des Projekts Electronic Financial Brokerage als wissensintensive Dienstleistung - ein generischer Ansatz (EFB)

    OpenAIRE

    Weinhardt, Christof; Dinther, Clemens van; Grunenberg, Michael; Kolitz, Klaus; Kunzelmann, Matthias; Mäkiö, Juho; Weber, Ilka; Weltzien, Henning

    2006-01-01

    Die zunehmende Verbreitung von elektronischen Märkten aber auch die Fehlentwicklungen der letzten Jahre zeigen, dass eine strukturierte Vorgehensweise bei der Gestaltung und Implementierung elektronischer Märkte nicht nur sinnvoll, sondern auch notwendig ist. Ein wichtiger Schritt in diese Richtung wurde mit der im Rahmen des Projekts Electronic Financial Brokerage (EFB) entwickelten CAME-Toolsuite meet2trade gegangen.meet2trade unterstützt den gesamten Prozess des Market Engineering von der ...

  20. Study on Consumers' Initial Trust in Mobile Brokerage Service%移动证券用户的初始信任模型研究

    Institute of Scientific and Technical Information of China (English)

    林家宝; 鲁耀斌

    2011-01-01

    Lack of trust is a prominent hindrance to consumer adoption of mobile brokerage service.In order to guide brokerage firms to make a set of manageable strategies to build such trust and attract greater acceptance,it is important to identify the determinants of consumers' initial trust formation of mobile brokerage service.This study builds a comprehensive model of initial consumer trust in mobile brokerage service and considers the effects of seven antecedent variables(perceived ubiquity,information quality,compatibility,perceived reputation,perceived size,structural assurance and disposition to trust) on shaping a consumer's initial trust in mobile brokerage service.We test the proposed model through a questionnaire survey and use structural equation modeling techniques to analyze the causalities.The results indicate that the initial trust is mainly affected by perceived ubiquity,information quality,compatibility,structural assurance and disposition to trust.The findings provide useful suggestions and implications for the academician and practitioners.%缺乏对移动证券的信任是影响股民采纳的一个主要障碍,探讨移动证券初始信任的决定因素,对于指导业界制定合理的策略建立信任、吸引更多股民的采纳具有重要意义。本研究构建了一个初始信任的综合模型,分析了七个前因变量(无所不在、信息质量、兼容性、感知的声誉、感知的大小、结构保证和信任倾向)对移动证券的初始信任的影响。采用结构方程技术对模型进行了实证检验和分析。研究发现,股民对移动证券的初始信任主要受信息质量、无所不在、兼容性、结构保证和信任倾向的影响。最后提出了对策建议以及进一步研究的方向。

  1. What Makes Underwriting and Non-Underwriting Clients of Brokerage Firms Receive Different Recommendations? An Application of Uplift Random Forest Model

    Directory of Open Access Journals (Sweden)

    Shaowen Hua

    2016-04-01

    Full Text Available I explore company characteristics which explain the difference in analysts’ recommendations for companies that were underwritten (affiliated versus non-underwritten (unaffiliated by analysts’ brokerage firms. Prior literature documents that analysts issue more optimistic recommendations to underwriting clients of analysts’ brokerage employers. Extant research uses regression models to find general associations between recommendations and financial qualities of companies, with or without underwriting relationship. However, regression models cannot identify the qualities that cause the most difference in recommendations between affiliated versus unaffiliated companies. I adopt uplift random forest model, a popular technique in recent marketing and healthcare research, to identify the type of companies that earn analysts’ favor. I find that companies of stable earnings in the past, higher book-to-market ratio, smaller sizes, worsened earnings, and lower forward PE ratio are likely to receive higher recommendations if  they are affiliated with analysts than if they are unaffiliated with analysts. With uplift random forest model, I show that analysts pay more attention on price-related than earnings-related matrices when they value affiliated versus unaffiliated companies. This paper contributes to the literature by introducing an effective predictive model to capital market research and shedding additional light on the usefulness of analysts’ reports.

  2. Knowledge Brokerage for Impact Assessment of Land Use Scenarios in Inner Mongolia, China: Extending and Testing the FoPIA Approach

    Directory of Open Access Journals (Sweden)

    Hannes J. König

    2015-04-01

    Full Text Available While land serves numerous societal functions and contributes to sustainable development, it is often unclear how these functions are affected by political decisions and common drivers of land use change, such as economic development, climate change and demographic change. This study evaluates alternative land use scenarios in reference to a rural region of Inner Mongolia Autonomous Region (China, where various processes and decisions have historically triggered unsustainable development. The scientifically tested “Framework for Participatory Impact Assessment (FoPIA” method is developed further to address specific features of the case study region, and its function as a knowledge-brokerage (KB tool is evaluated. Three scenarios are developed and analysed in expert workshops. “Land intensification: Agriculture” and “Land intensification: Mining” scenarios are found to have mainly negative environmental and social effects and positive economic impacts, while the “Environmental conservation and tourism” scenario is found to more positively affect all three sustainability dimensions. Assessments of methodological phases show that the FoPIA primarily serves to establish the KB process and that the framework particularly benefits from early examinations of scientific results by policy makers.

  3. Supervision of organised emission allowance trading. Duty to obtain a license under the German Banking Law, (KWG), for brokerage and management or trading of emission allowances; Beaufsichtigung des organisierten Emissionshandels. KWG-rechtliche Erlaubnispflicht bei der professionellen Vermittlung, Verwaltung oder dem Handel mit Emissionszertifikaten

    Energy Technology Data Exchange (ETDEWEB)

    Wallat, R. [Bundesanstalt fuer Finanzdienstleistungsaufsicht, Bonn (Germany)

    2003-03-01

    The Directive of the European Parliament and the Council establishing a scheme for greenhouse gas emission allowance trading within the Community is effective since 11 December 2002. The article discusses whether brokerage and banking services by third parties in connection with those trading activities are subject to licensing and supervision under section 32 of the German Banking Law, (KWG). Arguments pro and contra are discussed from the legal perspective. (orig./CB) [German] Seit dem 11. Dezember 2002 liegt die EU-Emissionshandelsrichtlinie verbindlich vor. Das auf Gemeinschaftsebene angestrebte Handelssystem kommerzialisiert damit erstmals die Berechtigung zur Umweltverschmutzung. Vor diesem Hintergrund stellt sich die Frage, ob der Handel mit Emissionszertifikaten nach Paragraph 32 KWG erlaubnispflichtig ist. Pro- und Kontra-Argumente werden ausfuehrlich diskutiert. (orig./CB)

  4. Extracting value from ipr through patent brokerage

    OpenAIRE

    Mario F. Benassi; Gidion T. Geenen

    2013-01-01

    We investigate the role of patent brokers in creating and extracting value from patents. Based on theoretical discussions, distinctive patent market conditions are associated with specific benefits of patent brokers. We provide a conceptual model to frame the role of patent brokers. We identify patent market dimensions that are likely to affect broker selection and argue why companies should carefully select patent brokers. We conclude with an outline of implications and suggestions for empir...

  5. Brokerage and the making of middle Indonesia

    NARCIS (Netherlands)

    G. van Klinken

    2013-01-01

    Indonesia is the world's fourth most populous nation, extending 5,000 km west to east. Its grand myth of national becoming, the Revolution of 1945, intended to weld together a disparate colonial patchwork, stands in uneasy contrast with the spatial unevenness of its actual history of national integr

  6. A proposal for media component brokerage

    OpenAIRE

    Malheiro, Benedita; Foss, Jerry

    2010-01-01

    This paper describes how MPEG-4 object based video (obv) can be used to allow selected objects to be inserted into the play-out stream to a specific user based on a profile derived for that user. The application scenario described here is for personalized product placement, and considers the value of this application in the current and evolving commercial media distribution market given the huge emphasis media distributors are currently placing on targeted advertising. This level of applicati...

  7. Cloud Service Brokerage-2014: Towards the Multi-cloud Ecosystem

    OpenAIRE

    Simons, A.J.H.; Rossini, A; Paraskakis, I.; Jensen, J

    2015-01-01

    In the future multi-cloud ecosystem, many cloud providers and consumers will interact to create, discover, negotiate and use software services. Cloud service brokers will play a central role in bringing providers and consumers together, assisting with software service creation (from abstract models to platform-specific deployments), multi-cloud translation (model-driven adaptation and deployment of services) quality assurance (governance; functional testing and monitoring), service continuity...

  8. Learning from Others, Together: Brokerage, Closure and Team Performance

    OpenAIRE

    Uribe, Jose; Wang, Dan

    2014-01-01

    Scholarship on teams has focused on the relationship between a team's performance, however defined, and the network structure among team members. For example, Uzzi and Spiro (2005) find that the creative performance of Broadway musical teams depends heavily on the internal cohesion of team members and their past collaborative experience with individuals outside their immediate teams. In other words, team members' internal cohesion and external ties are crucial to the team's success. How, then...

  9. D6.3 – Energy brokerage module

    DEFF Research Database (Denmark)

    Madsen, Per Printz

    The aim of this task is to develop an energy trading module that will enable building to sell or buy electrical energy from other buildings in given campus, neighbourhood, or district. The decision making process will be supported by considering own generation capacity (both current and future...

  10. Immigrant Bloggers and Sensemaking: Technology Mediated Acculturation and Cultural Brokerage

    OpenAIRE

    Nardon, Luciara; Aten, Kathryn; Vesikari-Metcalfe, Anna

    2012-01-01

    Millions of people are engaged in work abroad every year either through migration, expatriation or short overseas assignments. Understanding how people deal with foreign cultures and contexts is of key importance for individuals and organizations employing them, and has been the focus of management research since the late 1970’s (see Black, Mendenhall & Oddou, 1991 for a review). A common theme in the expatriate and cultural adjustment literature is the importance of cultural training and cul...

  11. Aboriginal Education as Cultural Brokerage: New Aboriginal Teachers Reflect on Language and Culture in the Classroom

    Science.gov (United States)

    Kitchen, Julian; Cherubini, Lorenzo; Trudeau, Lyn; Hodson, Janie M.

    2009-01-01

    This paper reports on a Talking Circle of six beginning Aboriginal teachers who discussed their roles as teachers. Participants criticized teacher education programs for not preparing them to teach in ways that are respectful of Aboriginal languages and culture. They discussed the importance of coming to know themselves and their culture. The…

  12. The Downside of Social Closure: Brokerage, Parental Influence, and Delinquency among African American Boys

    Science.gov (United States)

    Mangino, William

    2009-01-01

    Building on the literature that stresses the social capital advantages of open and diffuse social networks, this article shows that African American boys who are a social bridge across two or more large but cohesive peer groups are less delinquent than are their counterparts who are members of a single peer group. Statistical interaction terms…

  13. Restructuring Agency Relationships in the Real Estate Brokerage Industry: An Economic Analysis

    OpenAIRE

    Thomas Miceli; Katherine A. Pancak; C.F. Sirmans

    2000-01-01

    Recent state legislative reforms of real estate agency relationships suggest that traditional agency law and practice are not meeting the needs of the parties involved in a residential real estate purchase and sales transaction. In this article, we argue that this is due, at least in part, to the bundling of information and representation services provided by brokers. This bundling results in a tradeoff between the benefits of buyers and sellers in sharing information prior to a match, and th...

  14. GABE: A Cloud Brokerage System for Service Selection, Accountability and Enforcement

    Science.gov (United States)

    Sundareswaran, Smitha

    2014-01-01

    Much like its meteorological counterpart, "Cloud Computing" is an amorphous agglomeration of entities. It is amorphous in that the exact layout of the servers, the load balancers and their functions are neither known nor fixed. Its an agglomerate in that multiple service providers and vendors often coordinate to form a multitenant system…

  15. Bundling and pricing for information brokerage: customer satisfaction as a means to profit optimization

    NARCIS (Netherlands)

    Somefun, D.J.A.; La Poutré, J.A.

    2003-01-01

    Traditionally, the study of on-line dynamic pricing and bundling strategies for information goods is motivated by the value-extracting or profit-generating potential of these strategies. In this paper we discuss the relatively overlooked potential of these strategies to on-line learn more about cust

  16. Knowledge Brokerage for Environmentally Sustainable Sanitation. Position Paper and Guidelines from the EU-FP7 BESSE project.

    NARCIS (Netherlands)

    BESSE, Project team; Bijker, W.E.; Caiati, Giovanni; d'Andrea, Luciano

    2012-01-01

    The EU-funded BESSE project explores how sanitation in Europe can be made more sustainable. European sanitation is still based on 19th and early 20th century technologies and management systems. These systems do not adequately respond to the sustainable development needs of the 21st century, such as

  17. Just like a woman? Effects of gender-biased perceptions of friendship network brokerage on attributions and performance

    OpenAIRE

    Brands, R. A.; Kilduff, M.

    2014-01-01

    Do women face bias in the social realm in which they are purported to excel? Across two different studies (one organizational and one comprising MBA teams), we examined whether the friendship networks around women tend to be systematically misperceived and whether there were effects of these misperceptions on the women themselves and their teammates. Thus, we investigated the possibility (hitherto neglected in the network literature) that biases in friendship networks are triggered not just b...

  18. Knowledge Brokerage for Environmentally Sustainable Sanitation. Position Paper and Guidelines from the EU-FP7 BESSE project.

    OpenAIRE

    BESSE, Project team; Bijker, W.E.; Caiati, Giovanni; d'Andrea, Luciano

    2012-01-01

    The EU-funded BESSE project explores how sanitation in Europe can be made more sustainable. European sanitation is still based on 19th and early 20th century technologies and management systems. These systems do not adequately respond to the sustainable development needs of the 21st century, such as reducing energy use and the overall environmental impact of sanitation. BESSE set out to find innovative solutions for making the sanitation sector more sustainable. The BESSE consortium consisted...

  19. It is for global governance to sharpen up international relations by fulfilling a fiduciary role and carrying out the brokerage of asymmetric information

    OpenAIRE

    Apreda, Rodolfo

    2005-01-01

    This paper argues that there are qualifying grounds for global governance to make a contribution to the study of International Relations. Starting with the Westphalian state model and its compromises, it moves on to outline the realist and liberal approaches. Next, it frames the concept of plain governance, expanding on its varieties of public and global scope. Then, it sets up a toolbox to address World Politics issues from the standpoint of governance. Afterwards, it lays the foundations of...

  20. Bridging across nations. The social capital of diversity, brokerage and closure in transnational migrant networks: a study on assimilation patterns in Milan and Barcelona

    OpenAIRE

    Vacca,, C.

    2013-01-01

    This dissertation deals with the network effects on immigrant assimilation: how the composition and structure of migrants' personal networks affect patterns of assimilation in host societies. A personal network is the set of all current and active social contacts that a focal individual (Ego) has, including family, friends and acquaintances. It is operationalized here as the list of 45 alters who were mentioned by Ego (the migrant) as people with whom he had some kind of contact in the las...

  1. The cultural importance of Florentine patricians. Cultural exchange, brokerage networks, and social representation in early modern Florence and Rome (1600-1660)

    OpenAIRE

    Goudriaan, Elisa Johanna

    2015-01-01

    Between 1600 and 1660, the cultural life of the city of Florence has been associated almost exclusively with the ruling Medici family. This PhD thesis aims to change this view by showing that educated members of the Florentine patriciate contributed substantially to the cultural success of the Medici court and that their networks were responsible for many cultural innovations in Florence society. My main issue is to demonstrate the ways in which the patricians contributed to the cultural clim...

  2. 基于MLS系统的房地产经纪业信息管理模式探讨%Information management of real estate brokerage industry based on multiple listing system (MLS)

    Institute of Scientific and Technical Information of China (English)

    陈英存

    2010-01-01

    介绍了流行于欧美的房地产MLS系统,分析了该系统的管理功能及最大优势,指出了我国建立多重挂牌服务系统的可能性与不足之处,并汲取美国和加拿大MLS平台的设计形式,构建了我国MLS平台的板块.最后,提出了我国实施MLS的环境优化措施.

  3. External evaluation of Innovation Exchange.

    OpenAIRE

    Lyon, Fergus

    2010-01-01

    From recruiters to estate agents to bankers,brokerage is big business. Within the private sector, innovation brokerage — bringing people together to innovate — is well developed. But what is the power of brokerage to drive social innovation and support much needed social change? These questions are at the heart of Innovation Exchange. Innovation Exchange is a pilot programme primarily funded by the Office of the Third Sector in the Cabinet Office. In its work to 31 March 2010, the Excha...

  4. Informal networks in business development services: case studies from two Brazilian business incubators

    NARCIS (Netherlands)

    A.A. Corradi (Ariane Agnes)

    2012-01-01

    textabstractIntroduction: The central idea of this paper is claiming business incubators as brokerage environments where entrepreneurs have access to resourceful actors. Brokerage relates to the development of bridging social capital (Knorringa, Staveren 2006) through which new information, ideas an

  5. 12 CFR 717.27 - Renewal of opt-out.

    Science.gov (United States)

    2010-01-01

    ... federal credit union, credit card, insurance brokerage, and securities brokerage companies,” or by listing... provided by “all of the ABC and XYZ companies” or by “the ABC federal credit union and credit card... the notice is provided by “all of the ABC companies,” “the ABC federal credit union, credit...

  6. 76 FR 35249 - Allianz Life Insurance Company of North America, et al; Notice of Application

    Science.gov (United States)

    2011-06-16

    ... that invest in an Investment Option. The prospectuses for the Contracts also contain disclosure of...) under the 1940 Act, no brokerage commissions, fees, or other remuneration will be paid by the Replaced... under the 1940 Act. No brokerage commission, fee, or other remuneration will be paid to any party...

  7. GAIA Service and Standard Assessment

    DEFF Research Database (Denmark)

    Dormann, Claire; Øst, Alexander Gorm

    A delivery from the ACTS-project GAIA. The report validates the gAIA architecture and standard. It provides results concerning the deployment of distributed brokerage systems over broadband networks.......A delivery from the ACTS-project GAIA. The report validates the gAIA architecture and standard. It provides results concerning the deployment of distributed brokerage systems over broadband networks....

  8. Recruiting Young Volunteers in an Area of Selective Education: A Qualitative Case Study

    Science.gov (United States)

    Dean, Jon

    2016-01-01

    This article presents findings from a small qualitative case study of a youth volunteering brokerage organisation in England, operating in an area of selective state education. Data show how brokerage workers felt grammar schools managed their students in a concerted way to improve students' chances of attending university. Conversely, workers…

  9. 78 FR 59004 - Export Trade Certificate of Review

    Science.gov (United States)

    2013-09-25

    ...: Consulting and trade strategy, arranging and coordinating delivery of Products to the port of export...' requirements; sales and marketing; export brokerage; foreign marketing and analysis; foreign market development... Trade Facilitation Services; 2. Engage in promotional and marketing activities and collect...

  10. Financial Institutions for Agriculture: A View to the Future

    OpenAIRE

    Marvin R. Duncan; Taylor, Richard D.

    1993-01-01

    The outlook for farmers and their financial services institutions is undergoing fundamental change. No longer do farmers desire only credit services. They also want insurance, lease financing, trust, brokerage, merger and acquisition, financial management and other services.

  11. Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors

    OpenAIRE

    Ljungqvist, Alexander P.; Marston, Felicia; Laura T. Starks; Wei, Kelsey D.; Yan, Hong

    2005-01-01

    Because sell-side analysts are dependent on institutional investors for performance ratings and trading commissions, we argue that analysts are less likely to succumb to investment banking or brokerage pressure in stocks highly visible to institutional investors. Examining a comprehensive sample of analyst recommendations over the 1994-2000 period, we find that analysts’ recommendations relative to consensus are positively associated with investment banking relationships and brokerage pressur...

  12. Strengthening Agricultural Innovation Capacity: Are Innovation Brokers the Answer?

    OpenAIRE

    Klerkx, L.; Hall, A.; Leeuwis, C.

    2009-01-01

    This paper examines the role of innovation brokers in stimulating innovation system interaction and innovation capacity building, and illustrates this by taking the case of Dutch agriculture as an example. Subsequently, it reflects upon the potential role of innovation brokers in developing countries' agriculture. It concludes that innovation brokerage roles are likely to become relevant in emerging economies and that public or donor investment in innovation brokerage may be needed to overcom...

  13. Analisis Kualitas Jasa dan Hubungannya dengan Kepuasan Nasabah pada Jasa Broker Online di Indonesia

    OpenAIRE

    Sembiring, Odelio Denny Pranata

    2012-01-01

    Brokerage firms have increasingly provided online services in Indonesia. This contributes to the large number of online customers in Indonesia. This research attempted to evaluate the quality of online brokerage services in Indonesia in general and to know their influence on the customers’ satisfaction so that it could be found out the evidence the service quality and the growth in numbers of customers (quantity). The research was explanatory and was aimed to analyze the influence of the qual...

  14. Bemiddeling op de Nederlandse vrijwilligersmarkt

    Directory of Open Access Journals (Sweden)

    Els van Gilst

    2011-05-01

    Full Text Available Volunteer brokerage in the Netherlands The Dutch volunteer market can be characterized as tight. Many volunteer-involving organizations, particularly in the healthcare sector, face a shortage of volunteers. Brokerage is one (of many option(s to find new volunteers. This article describes, based on a literature review, what brokerage means, by whom or where it is offered and the importance it has as a recruitment channel. The authors explicitly address proven success factors for brokerage and the potential impact of brokerage on the preservation of volunteers. Bemiddeling op de Nederlandse vrijwilligersmarkt De Nederlandse vrijwilligersmarkt kan worden getypeerd als krap. Veel vrijwilligersorganisaties, met name in de zorgsector, kampen met een tekort aan vrijwilligers. Bemiddeling is één (van vele optie(s om nieuwe vrijwilligers te vinden. In dit artikel wordt, op basis van een literatuurstudie, beschreven wat bemiddeling inhoudt, door wie of waar het wordt geboden en welk belang het heeft als wervingskanaal. Expliciet wordt ingegaan op aangetoonde succesfactoren voor bemiddeling en de mogelijke impact van bemiddeling op het behoud van vrijwilligers.

  15. Social Cohesion, Structural Holes, and a Tale of Two Measures

    Science.gov (United States)

    Latora, V.; Nicosia, V.; Panzarasa, P.

    2013-05-01

    In the social sciences, the debate over the structural foundations of social capital has long vacillated between two positions on the relative benefits associated with two types of social structures: closed structures, rich in third-party relationships, and open structures, rich in structural holes and brokerage opportunities. In this paper, we engage with this debate by focusing on the measures typically used for formalising the two conceptions of social capital: clustering and effective size. We show that these two measures are simply two sides of the same coin, as they can be expressed one in terms of the other through a simple functional relation. Building on this relation, we then attempt to reconcile closed and open structures by proposing a new measure, Simmelian brokerage, that captures opportunities of brokerage between otherwise disconnected cohesive groups of contacts. Implications of our findings for research on social capital and complex networks are discussed.

  16. Social cohesion, structural holes, and a tale of two measures

    CERN Document Server

    Latora, Vito; Panzarasa, Pietro

    2012-01-01

    In the social sciences, the debate over the structural foundations of social capital has long vacillated between two positions on the relative benefits associated with two types of social structures: closed structures, rich in third-party relationships; and open structures, rich in structural holes and brokerage opportunities. In this paper, we engage with this debate by focusing on the measures typically used for formalising the two conceptions of social capital: clustering and effective size. We show that these two measures are simply two sides of the same coin, as they can be expressed one in terms of the other through a simple functional relation. Building on this relation, we then attempt to reconcile closed and open structures by proposing a new measure, Simmelian brokerage, that captures opportunities of brokerage between otherwise disconnected cohesive groups of contacts. Implications of our findings for research on social capital and complex networks are discussed.

  17. 38 CFR 36.4313 - Charges and fees.

    Science.gov (United States)

    2010-07-01

    ... taxes, and other prepaid items normally involved in financing such transaction may not be included in... or insured loan other than those expressly permitted under paragraph (d) or (e) of this section, and... otherwise. (c) Brokerage or other charges shall not be made against the veteran for obtaining any...

  18. 78 FR 66769 - Proposed Exemptions From Certain Prohibited Transaction Restrictions

    Science.gov (United States)

    2013-11-06

    ... crediting rates; credit or debit cards providing services such as enhanced mileage accumulation and reward... securities trading commissions, and preferred lending rates; (3) credit or debit cards that provide services..., debit/credit cards, special newsletters, and reduced brokerage and asset management fees. 61 FR...

  19. 77 FR 59591 - Export Trade Certificate of Review

    Science.gov (United States)

    2012-09-28

    ... services related to compliance with customs requirements; sales and marketing; export brokerage; foreign marketing and analysis; foreign market development; overseas advertising and promotion; Products-related... marketing or sale, or U.S. business plans, strategies, or methods, unless such information is...

  20. 78 FR 11245 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of Proposed Rule Change...

    Science.gov (United States)

    2013-02-15

    ... finance, consumer finance, specialized finance, investment banking and brokerage, asset management and... Act Release No. 68458 (December 18, 2012), 77 FR 76148 (``Notice''). II. Description of the Proposal... distributions to investors and have preference over common stock in the payment of distributions and...

  1. Multiple Listing Arrangements in Residential Real Estate Transactions: An Antitrust Analysis

    OpenAIRE

    Richard Epstein

    2008-01-01

    Let me start this short paper on the antitrust law governing multiple listings in the real estate brokerage industry with a conventional account. Thereafter I shall try to explain why this account, while not wholly wrong, is in at least one important respect incomplete.

  2. 75 FR 38557 - Application Nos. and Proposed Exemptions; D-11489, Morgan Stanley & Co., Incorporated; L-11609...

    Science.gov (United States)

    2010-07-02

    ... (55 FR 32836, 32847, August 10, 1990). Effective December 31, 1978, section 102 of Reorganization Plan... (the Code), and in accordance with the procedures set forth in 29 CFR part 2570, subpart B (55 FR 32836... management (retail brokerage) and private wealth management businesses. As of September 30, 2009,...

  3. 46 CFR 68.103 - Definitions.

    Science.gov (United States)

    2010-10-01

    .... Operation or management of vessels means all activities related to the use of vessels to provide services. These activities include ship agency; ship brokerage; activities performed by a vessel operator or... partnership; limited liability company; association; joint venture; trust arrangement; and the government...

  4. 47 CFR 73.860 - Cross-ownership.

    Science.gov (United States)

    2010-10-01

    ... agreement of any type, including a time brokerage or management agreement, with either a full power... that the existing broadcast radio station is not student run. This exception applies only to parties that; (1) Are accredited educational institutions, and; (2) Own attributable interest in...

  5. New Developments in Tax Exempt Institutions. Exempt Organizations Which Lend Securities Risk Imposition of Unrelated Business Tax

    Science.gov (United States)

    Stern, Sue S.; Sullivan, Richard B.

    1976-01-01

    The practice by exempt organizations of lending securities to brokerage houses is becoming more common. The possibility is weighed that organizations may encounter unrelated business tax assessments if the practice is classified as a trade or business. The authors examine the concept of trade or business in other tax settings and explore the…

  6. 76 FR 41207 - Tapered Roller Bearings and Parts Thereof, Finished or Unfinished, From the People's Republic of...

    Science.gov (United States)

    2011-07-13

    .... brokerage and handling, marine insurance, other U.S. transportation, U.S. customs duty, U.S. warehousing... Fair Value, 74 FR 36656 (July 24, 2009). As explained in the legislative history of the Omnibus Trade... FR 22667 (June 15, 1987). \\2\\ See Antidumping or Countervailing Duty Order, Finding, or...

  7. 75 FR 41148 - Tapered Roller Bearings and Parts Thereof, Finished or Unfinished, From the People's Republic of...

    Science.gov (United States)

    2010-07-15

    ..., international freight, brokerage and handling, marine insurance, other U.S. transportation, U.S. customs duty, U... Fair Value, 74 FR 36656 (July 24, 2009). In accordance with the OTCA 1988 legislative history, the... Republic of China, 52 FR 22667 (June 15, 1987). \\2\\ See Antidumping or Countervailing Duty Order,...

  8. Individual Investor Perceptions, Behavior, and Performance During the Financial Crisis

    NARCIS (Netherlands)

    Hoffmann, A.O.I.; Pennings, J.M.E.; Post, T.

    2011-01-01

    We study how during the financial crisis individual investor perceptions change, impact trading and risk-taking behavior, and explain performance. Based on monthly survey data and matching brokerage records from April 2008 to March 2009, we find that successful investors had higher return expectatio

  9. Individual Investor Perceptions, Behavior, and Performance During the Financial Crisis

    NARCIS (Netherlands)

    Hoffmann, A.O.I.; Post, T.; Pennings, J.M.E.

    2011-01-01

    Abstract: We study how during the financial crisis individual investor perceptions change, impact trading and risk-taking behavior, and explain performance. Based on monthly survey data and matching brokerage records from April 2008 to March 2009, we find that successful investors had higher return

  10. 75 FR 82026 - Granting of Request for Early Termination of the Waiting Period Under the Premerger Notification...

    Science.gov (United States)

    2010-12-29

    ... Resources. G Clay Heighten, M.D. G Medical Edge Healthcare Group, P.A. 20110336 G Everest Re Group, Ltd. G..., L.P. G Adam F. Press. G The St. John Companies, Inc. ] FOR FURTHER INFORMATION CONTACT: Sandra M... Brokerage, LLC. G Go Wireless, Inc. 20110300 G AGS Acquisition Co. G Advantage Sales & Marketing...

  11. 7 CFR 1205.500 - Terms defined.

    Science.gov (United States)

    2010-01-01

    ... accordance with 7 CFR 713.55. (o) Importer means any person who enters, or withdraws from warehouse, cotton... Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (MARKETING AGREEMENTS... for weight penalties, buyer's commission or brokerage fees, marketing fees, the $1 per bale...

  12. 12 CFR 717.20 - Coverage and definitions

    Science.gov (United States)

    2010-01-01

    ... insurance brokerage affiliate, and provides contact information to the call center, the call constitutes an... centralized call center for a group of affiliated companies to inquire about the consumer's existing account... reasonably understandable and designed to call attention to the nature and significance of the...

  13. 77 FR 21734 - Certain Kitchen Appliance Shelving and Racks From the People's Republic of China: Final Results...

    Science.gov (United States)

    2012-04-11

    .... Specifically, we have revised the surrogate financial ratios. See Decision Memo at Comment 2.a and Final SV... General Issues Comment 1: Zeroing Comment 2: Surrogate Values a. Surrogate Financial Ratios b. Brokerage..., Preliminary Rescission, in Part, and Extension of Time Limits for the Final Results, 76 FR 62765 (October...

  14. 78 FR 62716 - Pacific Life Insurance Company, et al; Notice of Application

    Science.gov (United States)

    2013-10-22

    ... Substitution, including all legal, accounting, and brokerage expenses relating to the Proposed Substitution... no tax liability will arise for Contract Owners as a result of the Proposed Substitution. (7) The... prospectuses for the Contracts include appropriate disclosure of this reservation of right. ] 7. The...

  15. 78 FR 77140 - Customs Brokers User Fee Payment for 2014

    Science.gov (United States)

    2013-12-20

    ... ] Brokerage, Cartage and Lighterage Districts'' published in the Federal Register on September 27, 1995 (60 FR... SECURITY U.S. Customs and Border Protection Customs Brokers User Fee Payment for 2014 AGENCY: U.S. Customs... provides notice to customs brokers that the annual fee of $138 that is assessed for each permit held by...

  16. Buyer Search and the Role of Broker in an Emerging Housing Market: A Case Study of Guangzhou

    Institute of Scientific and Technical Information of China (English)

    ZHENG Siqi; LIU Hongyu; Rebecca Lee

    2006-01-01

    This paper examines homebuyer's search process and the role of real estate broker in China's urban housing market, where inactive housing resale transactions and an immature brokerage industry are distinct characteristics. Guangzhou is used as a case study to model the intensity and duration of the search process. This study finds that buyers make trade-off between two search costs, activity cost and duration cost. The study also demonstrates that despite the industry's immature nature, buyers using brokers do increase search intensity and shorten search duration by reducing the activity cost. Empirical results show that there is no specific buyer group who can effectively lower their search cost by their own efforts, due to the poor information transparency in the current housing market. The broker-choice model shows that besides search cost, buyers' confidence in broker's service quality can also greatly influence their choice, so improvement in service quality and reputation has important implications for China's brokerage industry.

  17. Industrial extension, the Oklahoma way

    Science.gov (United States)

    Farrell, Edmund J.

    1994-03-01

    Oklahoma has established a customer-driven industrial extension system. A publicly-chartered, private non-profit corporation, the Oklahoma Alliance for Manufacturing Excellence, Inc. (`the Alliance') coordinates the system. The system incorporates principles that Oklahoma manufacturers value: (1) decentralization and local accessibility; (2) coordinated existing resources; (3) comprehensive help; (4) interfirm cooperation; (5) pro-active outreach; (6) self- help and commitment from firms; (7) customer governance; and (8) performance accountability. The Oklahoma system consists of: (1) a network of locally-based broker/agents who work directly with manufacturers to diagnose problems and find appropriate assistance; (2) a group of industry sector specialists who collect and disseminate sector specific technological and market intelligence to the broker/agents and their clients; (3) all the specialized public and private sector resources coordinated by the system; and (4) a customer- driven coordination and evaluation mechanism, the Alliance.

  18. INVESTMENTS IN BONDS ON ROMANIA’S CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    ILIE RĂSCOLEAN

    2010-01-01

    Full Text Available Capital market, both the primary and secondary record financial transactions not only through property titles, but also issues debt securities, designed to attract monetary funds in the form of loans or medium term. Bonds are securities, consisting of a long-term debt on a company giving the holder of Bonds (Bondholders claim equal rights, corresponding nominal value of the bond. Bonds can be bought either in the public offering period, from banks or corporations Brokerage Financial Services Distributors, or from the stock through a brokerage firm by a procedure similar to that for action. Investing in bonds also entails risks, among which include the risk of default, interest rate risks and currency risks.

  19. Developing a culture of lifelong learning in a library environment.

    OpenAIRE

    Giuse, N B; Kafantaris, S R; Huber, J T; Lynch, F.; Epelbaum, M; Pfeiffer, J.

    1999-01-01

    Between 1995 and 1996, the Annette and Irwin Eskind Biomedical Library (EBL) at Vanderbilt University Medical Center (VUMC) radically revised the model of service it provides to the VUMC community. An in-depth training program was developed for librarians, who began to migrate to clinical settings and establish clinical librarianship and information brokerage services beyond the library's walls. To ensure that excellent service would continue within the library, EBL's training program was ada...

  20. Wall Street’s Credibility Problem: Misaligned Incentives and Dubious Fixes?

    OpenAIRE

    Leslie Boni; Kent L. WOMACK

    2002-01-01

    During 2001, investors, politicians, regulatory agencies, and the media have voiced a common sentiment: Wall Street has a credibility problem. Specifically, can the investing public trust the research analysis and recommendations they receive from Wall Street analysts? At issue is the independence and objectivity of sell-side analysts, a term applied to analysts that work for brokerage firms. Spring of 2001 brought media attacks on these analysts, with newspaper headlines such as The Financi...

  1. Determinants of Herding Behavior among Financial Analysts: A Study of French Listed Firms

    OpenAIRE

    Mouna Youssef; Mohamed Taher Rajhi

    2009-01-01

    Using a sample of 262 French firms over the period 1996-2000, we show that analysts who tend to move away from consensus and issue bold forecasts are more experienced, work for large brokerage houses, follow more firms. Bold analysts provide more precise forecasts than those who tend to herd. Thus, investors should use bold forecasts since they are more accurate and reflect more relevant information than herding forecasts. 

  2. CONTRIBUTION À L'ANALYSE DE LA FORMATION DU JUGEMENT DES ANALYSTES FINANCIERS SELL-SIDE

    OpenAIRE

    Chambost, Isabelle

    2007-01-01

    Having been hard criticized following the mishaps of « new economy », the sell-side analysts, salaried by the brokerage firms, represent necessary and inevitable actors however, both for management of firm and for investors and especially since the evolution of accounting regulation is being supposed to do answer their concerns. This research has as vocation to try to understand how the sell-side analysts achieve their judgment. The first part of this thesis shows how the structuring of the p...

  3. Stuck in the Adoption Funnel: The Effect of Interruptions in the Adoption Process on Usage

    OpenAIRE

    Anja Lambrecht; Katja Seim; Catherine Tucker

    2010-01-01

    Many firms have introduced Internet-based customer self-service applications such as online payments or brokerage services. Despite high initial sign-up rates, not all customers actually shift their dealings online. We investigate whether the multistage nature of the adoption process (an "adoption funnel") for such technologies can explain this low take-up. We use exogenous variation in events that possibly interrupt adoption, in the form of vacations and public holidays in different German s...

  4. Motivace, spokojenost a angažovanost pracovníků jako determinanty pracovního výkonu

    OpenAIRE

    Prajer, Jan

    2015-01-01

    The Master´s Thesis deals with the issue of motivation, work satisfaction and engagement of employees as determinants of work performance. The aim of this Thesis is to analyse the level of motivation, work satisfaction and engagement of employees in a particular insurance-brokerage company, asses the influence of these variables on the work performance and devise recommendations for the company how to optimize the motivation, work satisfaction and engagement of their employees. The first part...

  5. The study of municipalities' investment choices : eight Norwegian municipalities' investments in financial products during 2001-2007

    OpenAIRE

    Nguyen Van, Minh; Ølnes, Lars

    2014-01-01

    This paper investigates the change in riskiness of eight Norwegian hydro power municipalities’ investments in complex financial products offered by Citigroup through the brokerage firm Terra Securities AS during the period 2001-2007. The investments were financed by restructuring the municipalities` annual revenue from concession fees and power. Using Monte Carlo simulations, this paper estimates the change in riskiness by comparing the Cash Flow at Risk between two portfolios comprising of (...

  6. Rozvoj lidských zdrojů v pojišťovnictví

    OpenAIRE

    Cába, Jan

    2012-01-01

    The thesis is concerning innovative process of the knowledge management in the area covering service provided by insurance sales agents. The insurance sales agents operate in institutions specializing in the sales of brokerage insurance services. I suggest some organizational and system changes of process management related to knowledge in such an organization. There are introduced definitions of advantages coming from performing assignments through the team cooperation. Career promotion of i...

  7. The effect of asymmetric information in real estate agent commissions

    OpenAIRE

    Kaczmarczyk, Kamila; Kaddani, Sofia

    2016-01-01

    Real Estate Agencies compensation consists of commissions and a part of the commission corresponds to what the real estate agent gets as salary. This incentive-based commission system is usually covered by an agreed fixed amount, a variable commission model or a combination of both depending on the brokerage object's final selling price. Commission system can lead to adverse consequences when the real estate agent abuses their position and exploits an information advantage to gain a financial...

  8. Sinyi Real Estate in China: The Challenges of Maintaining an Ethical Business Culture

    OpenAIRE

    Terence Tsai; Young, Michael N.; Bor-shiuan Cheng; Shubo Phillip Liu

    2010-01-01

    Sinyi was one of the most successful real estate agent companies in Taiwan and China mainland. Sinyi's founder, Chun-chi Chou, embraced Confucian perspective in his management and successfully cultivated a "people-centered" corporate culture for both Sinyi's employees and customers. Mr. Chou proclaimed "trustworthiness and fair dealing" as the guiding principles for the company. This was in contrast to the immature environment of the real estate brokerage industry in China, where immoral real...

  9. Competition and market structure in local real estate markets

    OpenAIRE

    Beck, Jason; Scott, Frank; Yelowitz, Aaron

    2010-01-01

    The persistence of the standard six percent real estate sales commission across markets and over time calls into question the competitiveness of the residential real estate brokerage industry. While there is anecdotal evidence that some local real estate markets are fairly concentrated, no systematic study of market structures has been conducted. We have collected primary data on the number and market shares of real estate brokers in a variety of small, medium, and large real estate markets a...

  10. Crime and Punishment

    Institute of Scientific and Technical Information of China (English)

    LEO ZHANG

    2008-01-01

    @@ Insider trading has a long and venerated his-tory on the Chinese stock market. Back in ,the 1990s. the stock market was so plagued by retail investors scouting for so-called "insider tips"- often scams that led to massive losses for the investors-that authorities were forced to close down a slew of unethical trust firms and brokerages, crushing investor confidence and leading to an almost four-year bear market.

  11. Do private investors understand diversification, and do they take advantage of diversification benefits in practice?

    OpenAIRE

    Herikstad, Inger Voll; Askø, Elin

    2011-01-01

    We found our Master thesis to be the optimal opportunity to examine the important phenomenon of diversification, but from a different angle than what earlier researchers have done. Diversification is a useful technique for reducing risk in a portfolio and several researches over the years have agreed on the importance of diversification. We observed that researchers tended to base their research on different stock exchanges or brokerage accounts, and put little emphasis on the motives behind ...

  12. Effects of Aging on Gender Differences in Financial Markets

    OpenAIRE

    Ran Shao; Na Wang

    2015-01-01

    Gender differences in risk-taking and investment decisions have been widely documented in the financial markets. Utilizing trading information from individual investor brokerage accounts, this paper explores the effects of aging on gender differences in terms of portfolio turnover and returns. We document that male investors trade more frequently than female investors and yield lower portfolio returns, but these gender differences attenuate substantially with age. Our study suggests that gend...

  13. Why Turkish Securities Firms Have Not Transformed to Full Service Investment Banks?: An Assessment For the Near Future of the Turkish Securities Firms Industry

    OpenAIRE

    Yener Coskun

    2012-01-01

    The initiation of securities related activities in Turkey goes back to as early as 1980s. The regulation philosophy regarding securities firms is based on the creation of a new investment banking category expected to enhance economic efficiency. Although Turkish securities market experienced a boom in early 1990s, the markets were not able to improve the products and services diversity as well as the income range. Specifically, the sector, focusing on brokerage activities, stayed underdevelop...

  14. Financial liberalisation and interest rate risk management in sub-Saharan Africa

    OpenAIRE

    Willem Naudé

    1996-01-01

    The appropriateness of financial liberalisation in Africa - at least over the short-term - is in doubt. It has been suggested that the credit risks faced by financial institutions will be detrimental to the supply of credit. The contribution of this paper is to point out that financial liberalisation creates a significant interest rate risk. It is argued that this interest rate risk will bias African banks’ activities towards brokerage rather than maturity-transformation functions. Furthermor...

  15. Non-Linear Transaction Costs Inclusion in Mean-Variance Optimization

    Directory of Open Access Journals (Sweden)

    Christian Johannes Zimmer

    2005-12-01

    Full Text Available In this article we propose a new way to include transaction costs into a mean-variance portfolio optimization. We consider brokerage fees, bid/ask spread and the market impact of the trade. A pragmatic algorithm is proposed, which approximates the optimal portfolio, and we can show that is converges in the absence of restrictions. Using Brazilian financial market data we compare our approximation algorithm with the results of a non-linear optimizer.

  16. Challenges And Opportunities For The Future Of Icampuses

    OpenAIRE

    Andrew Thomas; Hanifa Shah; Philip Moore; Cain Evans; Mak Sharma; Sarah Mount; Hai V. Pham; Keith Osman; Anthony J. Wilcox; Peter Rayson; Craig Chapman; Parmjit Chima; Cham Athwal; David While

    2013-01-01

    Meeting the educational needs of students currently requires moving towardcollaborative electronic and mobile learning systems that parallel the vision ofWeb 2.0. However, factors such as data freedom, brokerage, interconnectivityand the Internet of Things add to a vision for Web 3.0 that will require con-sideration in the development of future campus-based, distance and vocationalstudy. So, education can, in future, be expected to require deeper technologicalconnections between students and ...

  17. Guia logistica de transportación de frutas y vegetales a Europa

    OpenAIRE

    Borbon-Galvez, Yari

    1998-01-01

    This handbook presents the current logistics operations for fresh produce exports and lists relevant service providers. For each logistics section such as packing, transportation, insurance, customs brokerage, and other related services, there is a list of quoting firms and those related with the investigation. The handbook was designed not only to identify the cheapest routes to move cargo from Mexico to Europe, but also provided various alternatives according to the fresh produce sh...

  18. Guia logistica de transportación de frutas y vegetales a Europa

    OpenAIRE

    Borbon-Galvez, Yari

    1998-01-01

    This handbook presents the current logistics operations for fresh produce exports and lists relevant service providers. For each logistics section such as packing, transportation, insurance, customs brokerage, and other related services, there is a list of quoting firms and those related with the investigation. The handbook was designed not only to identify the cheapest routes to move cargo from Mexico to Europe, but also provided various alternatives according to the fresh produce shelf-life.

  19. Commercial Agency Operations in Accounting of Tour Companies

    OpenAIRE

    Oleh Vysochan

    2015-01-01

    Operations of resale, commission, brokerage and agency make the core of business in the sphere of trade and services where mediation mechanism is used. Efficient build-up of agency related financial and business relations between tour operator and travel agent is a pledge of successful business for tour companies of Ukraine. Legal base underlying such relations is a properly drawn up agency contract. It is the agency contract that has causal nature with regard to accounting consequences of bu...

  20. The Local Bias of Individual Investors

    OpenAIRE

    Ning Zhu

    2002-01-01

    This study investigates individual investors' bias towards nearby companies. Using data from a large U.S. discount brokerage, we find that individual investors tend to invest in companies closer to them relative to the market portfolio. Unlike Coval and Moskowitz's (1999) findings on institutional investors, however, we find that advantageous information cannot explain individual investors' local bias. Accounting numbers and information asymmetry matter less to individual investors' local bia...

  1. Marketing Strategies in an International Trade Business. Case Company: Koneisto International Oy

    OpenAIRE

    Sakulina, Anastasia

    2015-01-01

    Koneisto International Oy is a trade and brokerage company engaged in foreign trade activities ensuring the circulation of goods between their producers and consumers. The main research problem I will be working on in my thesis is: What specific marketing strategies can Koneisto International Oy use in order to be more present in international trade market? The topic was chosen under an availability of the company to cooperate with me and their interest in the variety of marketing strateg...

  2. Applying Keystroke Dynamics for Personal Authentication

    OpenAIRE

    Gagbla, George Kofi

    2005-01-01

    With the establishment of the information society, security had become the greatest concern for Institutions transacting business over the Internet. Home banking and on-line brokerage applications currently, use basic software-only security functions for the internet such as server authentications and Secure Sockets layer. Higher levels of protections are being achieved with Smart card based authentication schemes and transaction protocols. Password based security identifies users based on wh...

  3. Earnings Forecast Accuracy And Career Concerns

    OpenAIRE

    Roger, Tristan

    2015-01-01

    Previous studies show that analysts' compensation is not linked to earnings forecast accuracy. We evidence however that analysts have incentives to issue accurate forecasts. We show that brokerage houses reward their best forecasters by assigning them to large, mature firms. Covering such firms increases the potential for future compensation as these firms generate a great deal of investment banking and trading activities. The coverage of such firms also increases analysts' exposure to large ...

  4. Op zoek naar de perfecte match in vrijwilligersland

    Directory of Open Access Journals (Sweden)

    Els van Gilst

    2015-06-01

    Full Text Available Finding the perfect volunteer matchOrganizations that are (partially staffed by volunteers in the Netherlands are experiencing a growing need for volunteers. This relates to stricter laws and regulations, the changing deployment of volunteers and reforms in the care system (Bekkers & Boezeman, 2009; Devilee, 2005; MOVISIE, 2014; Rutte & Samsom, 2012.Volunteer centres can form part of the solution to the growing demand for volunteers. There are about 240 volunteer centres in the Netherlands. They promote volunteering and provide information, training, advice and support in this area. In addition, they play an active role as brokers in bringing together supply (volunteers and demand (volunteer-involving organizations. This intermediary role is often the core business of volunteer centres (Ploegmakers, Merkus & Terpstra, 2011; Terpstra, Ploegmakers & van Laar, 2008.The success of volunteer brokerage remains relatively limited, however. Offline brokerage (at the office of the volunteer centre is in about half of the cases successful. This falls to 37 percent for online brokerage. Volunteer brokerage is classed as successful when a volunteer is placed at an organization for a short-term project or a period of three months (Ploegmakers et al., 2011.Literature research (Van Gilst, Schalk, Garretsen & Van de Goor, 2011 was carried out to determine how the results of volunteer brokerage can be improved. The motivation and feelings of pride and respect on the part of a volunteer are found to be important for the level of satisfaction and willingness to keep on volunteering in both the short term and the long term.This article examines how success factors such as motivation, pride and respect can be incorporated into the daily brokerage practices of volunteer centres. Two research questions are central to this article:1. How does volunteer brokerage occur in practice?2. When and how can success factors for matching volunteers and organizations (partially

  5. The Influence of Social Networks on Firm’s Success, Survival and Growth: A Social Network Analysis investigation of SMEs in the Bahrain Construction Industry

    OpenAIRE

    Pryke, S. D.; Almadhoob, H.; Badi, S. M.

    2014-01-01

    The success, survival and growth of Small and Medium-sized Enterprises (SMEs) in a fragmented construction sector is partly related to the business owner’s ability to secure critical resources through personal networks which provide information, advice, funding and brokerage (Pryke et al., 2011). The Bahrain construction industry is particularly characterised by a culture of collectivism where business activities are inextricably intertwined with social relationships. Social network analysis ...

  6. Make or buy of IT-enabled innovation

    DEFF Research Database (Denmark)

    Mahnke, Volker; Overby, Mikkel Lucas; Özcan, Serden

    2004-01-01

    IT-enabled innovations are of increasing importance for competitive success in most sectors today. This paper offers a novel theoretical and empirically illustrated explanation of why IT-outsourcing strategies differ between innovative first-movers, fast followers and late entrants. In particular...... the implications of governance choices in techno-logical environments characterised by either accumulation or disruption. Keywords: IT-enabled innovation, outsourcing, technological regime, strategic posture, first-mover advantages, financial services, online brokerage...

  7. Structure and operation of the power market in France; La structure et le fonctionnement du marche de l'electricite en France

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    The French power market is organized around four main activities: production, transport, distribution, commercialization. This market comprises also purely financial activities like brokerage and trade on the mutual agreement market or on the power exchange market (Powernext). To each activity corresponds a specific activity for the supply of end-users. This paper summarizes each step of the power market, its operation and its opening to competition. (J.S.)

  8. Structure and operation of the power market in France

    International Nuclear Information System (INIS)

    The French power market is organized around four main activities: production, transport, distribution, commercialization. This market comprises also purely financial activities like brokerage and trade on the mutual agreement market or on the power exchange market (Powernext). To each activity corresponds a specific activity for the supply of end-users. This paper summarizes each step of the power market, its operation and its opening to competition. (J.S.)

  9. Op zoek naar de perfecte match in vrijwilligersland

    Directory of Open Access Journals (Sweden)

    Els van Gilst

    2015-06-01

    Full Text Available Finding the perfect volunteer matchOrganizations that are (partially staffed by volunteers in the Netherlands are experiencing a growing need for volunteers. This relates to stricter laws and regulations, the changing deployment of volunteers and reforms in the care system (Bekkers & Boezeman, 2009; Devilee, 2005; MOVISIE, 2014; Rutte & Samsom, 2012.Volunteer centres can form part of the solution to the growing demand for volunteers. There are about 240 volunteer centres in the Netherlands. They promote volunteering and provide information, training, advice and support in this area. In addition, they play an active role as brokers in bringing together supply (volunteers and demand (volunteer-involving organizations. This intermediary role is often the core business of volunteer centres (Ploegmakers, Merkus & Terpstra, 2011; Terpstra, Ploegmakers & van Laar, 2008.The success of volunteer brokerage remains relatively limited, however. Offline brokerage (at the office of the volunteer centre is in about half of the cases successful. This falls to 37 percent for online brokerage. Volunteer brokerage is classed as successful when a volunteer is placed at an organization for a short-term project or a period of three months (Ploegmakers et al., 2011.Literature research (Van Gilst, Schalk, Garretsen & Van de Goor, 2011 was carried out to determine how the results of volunteer brokerage can be improved. The motivation and feelings of pride and respect on the part of a volunteer are found to be important for the level of satisfaction and willingness to keep on volunteering in both the short term and the long term.This article examines how success factors such as motivation, pride and respect can be incorporated into the daily brokerage practices of volunteer centres. Two research questions are central to this article:1. How does volunteer brokerage occur in practice?2. When and how can success factors for matching volunteers and organizations (partially

  10. Portfolio Inertia and Stock Market Fluctuations

    OpenAIRE

    Bilias, Yannis; Georgarakos, Dimitris; Haliassos, Michael

    2009-01-01

    Several recent studies have addressed household participation in the stock market, but relatively few have focused on household stock trading behavior. Household trading is important for the stock market, as households own more than 40% of the NYSE capitalization directly and can also influence trading patterns of institutional investors by adjusting their indirect stock holdings. Existing studies based on administrative data offer conflicting results. Discount brokerage data show excessive t...

  11. INTERNET BANKING IN INDIA – CONSUMER CONCERNS AND BANK STRATEGIES

    OpenAIRE

    Gupta, P.K.

    2008-01-01

    Internet banking has attracted the attention of banks, securities trading firms, brokerage houses, insurance companies, regulators and lawmakers in developing nations since the late 1990s. With the rapid and significant growth in electronic commerce, it is obvious that electronic (Internet) banking and payments are likely to advance. Researches show that impact of Internet banking on cost savings, revenue growth and increased customer satisfaction on Industry is tremendous and can be a potent...

  12. Risks and return of banking activities related to hedge funds.

    OpenAIRE

    Mustiers, J P.; DuBois, A.

    2007-01-01

    There are approximately 10,000 hedge funds worldwide, managing assets of over USD 1.5 trillion. Investment banking activities are more and more intertwined with hedge funds, as hedge funds obtain financing from banks through prime brokerage and are clients or counterparties of banks for all sorts of products. The development of hedge funds has therefore created many opportunities for investment banks. Bank benefit from hedge funds activities directly to the extent that hedge funds are their c...

  13. The European Commission as Network Broker

    DEFF Research Database (Denmark)

    Borras, Susana

    2007-01-01

    Recent transformations in the European Union have been putting significant pressure on the management function of the European Commission. Examining its brokerage position in policy networks, this article asks what kind of role does the Commission have in the political interactions in Brussels...... reports of the Commission's demise are much exaggerated, because it continues playing a leading role in managing interaction between multiple actors at different levels of governance. The empirical results show that the Commission is a resilient central network broker....

  14. Global nuts and local mangoes: a critical reading of the UNDP Growing Sustainable Business Initiative in Kenya

    OpenAIRE

    Gregoratti, Catia

    2009-01-01

    Abstract This article provides a conceptual and empirical assessment of UN brokered partnerships that seek to deepen or create inclusive and sustainable agricultural supply chains in sub-Saharan Africa. More specifically it appraises the decision-making mechanisms, processes of partnership brokerage and project implementation within the UNDP Growing Sustainable Business Initiative (GSB) in Kenya. The paper argues that the lack of bottom-up participation in decision-making mechanism...

  15. King Pin? A Case Study of a Middle Market Drug Broker

    OpenAIRE

    Pearson, Geoffrey; Hobbs, D.

    2003-01-01

    The article is concerned with 'middle market' drug distribution, based on research that involved prison interviews with middle and upper level drug dealers and interviews with a range of enforcement personnel. It offers a preliminary discussion of different definitions of the 'middle market', where various forms of drug brokerage connect up different levels of drug markets. It goes on to provide a detailed case study of a single middle market drug distribution network, illustrating the comple...

  16. Guideline on the System Vulnerability : Analysis of the Baltic Sea Region Vulnerability to the Impact of Climate Change

    OpenAIRE

    Hjerpe, Mattias; Schauser, Inke; Alberth, Johan

    2013-01-01

    This report elaborates an integrated vulnerability assessment concept, intended as a knowledge brokerage tool for decision-makers in the Baltic Sea Region. By developing an integrated vulnerability concept, in line with advances in regional and local vulnerability and adaptation research and based on the project’s review of the scope and quality of current vulnerability assessments, the report supports discussions on what is needed for a systematic assessment of vulnerability in the region. T...

  17. Personality and Social Networks in Organizations: A Review and Future Directions

    OpenAIRE

    Landis, B. D.

    2016-01-01

    Recent research linking individuals’ personality characteristics to their social networks has brought new understanding of how individual patterns of behavior affect networks in organizations. This review summarizes the major advancements in three areas of social network research relevant to organizational behavior: (a) brokerage and structural holes, (b) network centrality and network size, and (c) strength of ties. This review also provides an agenda outlining three key opportunities for fu...

  18. New Hope for Chinese Stocks

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Many people in recent years have held that investing in the Chinese stock markets posed risks. But remarkable changes have taken place in China's stock markets during the past year, according to Mark De Weaver, a research analyst in Shenzhen who now manages a fund investing in Asian equities called Quantrarian Asia Hedge. According to De Weaver, the changes include split-share and brokerage reforms, a new securities law and more opportunities for qualified foreign investors. His main ideas follow:

  19. Relationship Service Marketing and Investment in Financial Market of Iran

    Directory of Open Access Journals (Sweden)

    Mehrdad Alipour

    2012-08-01

    Full Text Available In competitive world, having expertise, knowledge and marketing experience for financial market activities, especially brokerage firms has proven inevitable. This should be accompanied by performing marketing operations along with intermediary roles and carrying on the daily transactions of shares in the Tehran stock exchange market. The current study aims investigating the level of marketing knowledge used in stock exchange market, identifying the reasons behind deficient use of the marketing knowledge by the financial institutions (financial intermediaries, brokerage firms and etc, matching the marketing activities with the financial activities of the brokerage firms in the Tehran stock exchange and finally improving the investment in Tehran stock exchange market. Independent variables were selected based on services marketing mix such as product, price, place, promotion, physical facilities, people and process. The method used is survey-based and the universe has been drawn from among the financial institutions active in Tehran stock exchange and the regional branches of the country. The results obtained from the research show that, during the period reviewed, the dynamic marketing system in the financial market was the traditional system without attending to the modern criteria of financial service marketing in the areas relating communication and determination of the shares prices, services of conduct transactions of the financial analyses and encouragement the big companies to enter the Tehran Stock Exchange.

  20. Knowledge brokering on emissions modelling in Strategic Environmental Assessment of Estonian energy policy with special reference to the LEAP model

    Energy Technology Data Exchange (ETDEWEB)

    Kuldna, Piret, E-mail: piret.kuldna@seit.ee [Stockholm Environment Institute Tallinn Centre, Lai 34, Tallinn 10133 (Estonia); Peterson, Kaja [Stockholm Environment Institute Tallinn Centre, Lai 34, Tallinn 10133 (Estonia); Kuhi-Thalfeldt, Reeli [Stockholm Environment Institute Tallinn Centre, Lai 34, Tallinn 10133 (Estonia); Tallinn University of Technology, Ehitajate tee 5, Tallinn 19086 (Estonia)

    2015-09-15

    Strategic Environmental Assessment (SEA) serves as a platform for bringing together researchers, policy developers and other stakeholders to evaluate and communicate significant environmental and socio-economic effects of policies, plans and programmes. Quantitative computer models can facilitate knowledge exchange between various parties that strive to use scientific findings to guide policy-making decisions. The process of facilitating knowledge generation and exchange, i.e. knowledge brokerage, has been increasingly explored, but there is not much evidence in the literature on how knowledge brokerage activities are used in full cycles of SEAs which employ quantitative models. We report on the SEA process of the national energy plan with reflections on where and how the Long-range Energy Alternatives Planning (LEAP) model was used for knowledge brokerage on emissions modelling between researchers and policy developers. Our main suggestion is that applying a quantitative model not only in ex ante, but also ex post scenario modelling and associated impact assessment can facilitate systematic and inspiring knowledge exchange process on a policy problem and capacity building of participating actors. - Highlights: • We examine the knowledge brokering on emissions modelling between researchers and policy developers in a full cycle of SEA. • Knowledge exchange process can evolve at any modelling stage within SEA. • Ex post scenario modelling enables systematic knowledge exchange and learning on a policy problem.

  1. Knowledge brokering on emissions modelling in Strategic Environmental Assessment of Estonian energy policy with special reference to the LEAP model

    International Nuclear Information System (INIS)

    Strategic Environmental Assessment (SEA) serves as a platform for bringing together researchers, policy developers and other stakeholders to evaluate and communicate significant environmental and socio-economic effects of policies, plans and programmes. Quantitative computer models can facilitate knowledge exchange between various parties that strive to use scientific findings to guide policy-making decisions. The process of facilitating knowledge generation and exchange, i.e. knowledge brokerage, has been increasingly explored, but there is not much evidence in the literature on how knowledge brokerage activities are used in full cycles of SEAs which employ quantitative models. We report on the SEA process of the national energy plan with reflections on where and how the Long-range Energy Alternatives Planning (LEAP) model was used for knowledge brokerage on emissions modelling between researchers and policy developers. Our main suggestion is that applying a quantitative model not only in ex ante, but also ex post scenario modelling and associated impact assessment can facilitate systematic and inspiring knowledge exchange process on a policy problem and capacity building of participating actors. - Highlights: • We examine the knowledge brokering on emissions modelling between researchers and policy developers in a full cycle of SEA. • Knowledge exchange process can evolve at any modelling stage within SEA. • Ex post scenario modelling enables systematic knowledge exchange and learning on a policy problem

  2. Understanding Peer Effects in Financial Decisions

    OpenAIRE

    Bursztyn, Leonardo; Ederer, Florian; Ferman, Bruno; Yuchtman, Noam

    2012-01-01

    Using a high-stakes field experiment conducted in partnership with a large financial brokerage in Brazil, we attempt to disentangle channels through which a person's financial decisions affect his peers'. When someone purchases an asset, his peers may want to purchase it as well, both because they learn from his choice (“social learning") and because his possession of the asset affects others' utility of owning the same asset (“social utility"). We randomize whether one member of a peer pair ...

  3. CO2 emissions trading in Slovak Republic and European Union

    International Nuclear Information System (INIS)

    Evolution Menert s.r.o. was established on March 14, 2003. Its business activities cover greenhouse gas emissions trading under Kyoto Protocol and European Union trading scheme, sulphur dioxide emissions trading under domestic Slovak system, environmental projects reducing greenhouse gas emissions financing as well as consulting to Slovak and Czech companies in area of management of their emission profiles in relation to new environmental regulations and arising business opportunities. Evolution Menert brings to Slovakia and Czech Republic unique knowledge of local markets of Menert s.r.o. combined with global capabilities of Evolution Markets LLC - one of leading environmental brokerage houses

  4. PERBANDINGAN KINERJA KEUANGAN ANTARA PERUSAHAAN ASURANSI, BANK, EFEK, DAN LEASING

    Directory of Open Access Journals (Sweden)

    Nanik Linawati

    2013-01-01

    Full Text Available There was high competition among financial companies to get funds from the society lately. It will have impacts on their financial performance. This study aimed to examine whether there was a difference in financial performance among bank, insurance, brokerage firm and leasing company, especially on financial ratios. The statistical tool used was independent sample t test. The results showed bank had the most significant differences others, especially on PER, PBV, EPS, ROA, ROE, DAR, DER. Besides, there were no significant differences on financial ratios among them on growth of revenue and net income growth.

  5. Equity Portfolio Diversification

    OpenAIRE

    William N. Goetzmann; Alok Kumar

    2001-01-01

    In this paper we examine the portfolios of more than 40,000 equity investment accounts from a large discount brokerage during a six year period (1991-96) in recent U.S. capital market history. Using the historical performance for the equities in these accounts, we find that a vast majority of investors in our sample are under-diversified. Even accounting for the likelihood we have selected on speculators, the magnitude of the diosyncratic risk taken by investors in our sample is surprising. I...

  6. 村落研究:解说模式与社会事实%Village Research:Explanatory model and social fact

    Institute of Scientific and Technical Information of China (English)

    兰林友

    2004-01-01

    In his research on the late Qing dynasty and the early Republican period, Prasenjit Duara, an American scholar who emigrated to U.S. from India, put forward the famous concept “culturalnexus of power” as a kind of explanatory model for state-local society relations. This model has tremendous influence on the academic studies of Chinese social history, sociology, and anthropology.This paper mainly reacts to Prasenjit Duara's village-level research in North China Plain, critically evaluates his rural studies, and has a dialogue with him focusing on the issues of village nature, kinship space, and state brokerage.

  7. Survey of E-Commerce Modeling and Optimization Strategies

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Electronic commerce is impacting almost all commercial activities. The resulting emerging commercial activities bring with them many new modeling and optimization problems. This survey reviews pioneering works in this new area, covering topics in advertising strategy, web page design, automatic pricing, auction methods, brokerage strategy, and customer behavior analysis. Mathematical models for problems in these areas and their solution algorithms are discussed. In addition to presenting and commenting on these works, we also discuss possible extensions and related problems. The objective of this survey is to encourage more researchers to pay attention to this emerging area.

  8. Application based on ArcObject inquiry and Google maps demonstration to real estate database

    Science.gov (United States)

    Hwang, JinTsong

    2007-06-01

    Real estate industry in Taiwan has been flourishing in recent years. To acquire various and abundant information of real estate for sale is the same goal for the consumers and the brokerages. Therefore, before looking at the property, it is important to get all pertinent information possible. Not only this beneficial for the real estate agent as they can provide the sellers with the most information, thereby solidifying the interest of the buyer, but may also save time and the cost of manpower were something out of place. Most of the brokerage sites are aware of utilizes Internet as form of media for publicity however; the contents are limited to specific property itself and the functions of query are mostly just provided searching by condition. This paper proposes a query interface on website which gives function of zone query by spatial analysis for non-GIS users, developing a user-friendly interface with ArcObject in VB6, and query by condition. The inquiry results can show on the web page which is embedded functions of Google Maps and the UrMap API on it. In addition, the demonstration of inquiry results will give the multimedia present way which includes hyperlink to Google Earth with surrounding of the property, the Virtual Reality scene of house, panorama of interior of building and so on. Therefore, the website provides extra spatial solution for query and demonstration abundant information of real estate in two-dimensional and three-dimensional types of view.

  9. Service with a smile : service companies are enjoying unconventional gas boom

    International Nuclear Information System (INIS)

    This article presented financial information from Calgary Brokerage House Peters and Co. Ltd. relating to the growth of unconventional gas production in Canada. The long-lived, stable and low-decline resource is expected to offset some of the rapid reservoir decline many producers are experiencing in conventional operations. However, it is anticipated that service companies involved in well drilling, well stimulation and infrastructure needs of the unconventional gas sector will become more profitable than the operations. In an expansive research paper published late last year, the brokerage house also noted that 2004 marked the transition year for coalbed methane (CBM), as the concept moved from experimental to an increasingly important source of natural gas production. It was suggested that CBM activity could represent the biggest growth opportunity for the Canadian oil-field service sector. Companies using newer generations of coiled tubing drilling units were expected to have the greatest success, as the units are extremely agile and can often drill more than one well a day. A review of service companies was presented, with details of financial activities, including revenues, stock market information and economic forecasts. 4 figs

  10. A Tale of a Global Family: Shifts and Connections among Different Streams of Marriage Migrations in Asia

    Directory of Open Access Journals (Sweden)

    Hongfang Hao

    2015-06-01

    Full Text Available Transnational marriage migration is an important global phenomenon, yet each marriage remains an intimate, personal, and life-shaping event. This article traces the life of a family in rural northeast China that has developed global connections through marriage. In particular, it focuses on the story of a Chinese husband and his Vietnamese wife, which provides insight into the expansion of marriage migrations to and from China over the last decade. The article analyzes how different streams of marriage migrations are linked, specifically the flow of wives from China to Japan and South Korea, and from Vietnam to Taiwan, South Korea, and China. These flows are interconnected in many ways, including through personal networks, brokerage, remittances, and flows of information. Such interconnections in turn exemplify how apparently independent and unrelated migration flows may present multilayered connections of migration factors, diversification, and increasing complexity of migration experiences.

  11. A COMPARISON OF BASIC AND EXTENDED MARKOWITZ MODEL ON CROATIAN CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Bruna Škarica

    2012-12-01

    Full Text Available Markowitz' mean - variance model for portfolio selection, first introduced in H.M. Markowitz' 1952 article, is one of the best known models in finance. However, the Markowitz model is based on many assumptions about financial markets and investors, which do not coincide with the real world. One of these assumptions is that there are no taxes or transaction costs, when in reality all financial products are subject to both taxes and transaction costs – such as brokerage fees. In this paper, we consider an extension of the standard portfolio problem which includes transaction costs that arise when constructing an investment portfolio. Finally, we compare both the extension of the Markowitz' model, including transaction costs, and the basic model on the example of the Croatian capital market.

  12. MACD - Analysis of weaknesses of the most powerful technical analysis tool

    Directory of Open Access Journals (Sweden)

    Sanel Halilbegovic

    2016-05-01

    Full Text Available Due to the huge popularization of the stock trading amongst youth, in the recent years more and more of trading and brokerage houses are trying to find a one ‘easy to understand’ tool for the novice traders.  Moving average convergence divergence seems to be the main pick and unfortunately inexperienced traders are relying on this one tool for analysis and trading of various securities.   In this paper, I will investigate the validity of MACD as the ‘magic wand’ when solely used in investment trading decision making.  The main limitation of this study is that it could be used more widely across industries and various sizes of companies, funds, and other trading instruments.

  13. Online stock trading platform

    Directory of Open Access Journals (Sweden)

    Ion LUNGU

    2006-01-01

    Full Text Available The Internet is the perfect tool that can assure the market’s transparency for any user who wants to trade on the stock market. The investor can have access to the market news, financial calendar or the press releases of the issuers. A good online trading platform also provides real-time intraday quotes, trading history and technical analysis giving the investor a clearer view of the supply and demand in the market. All this information provides the investor a good image of the market and encourages him to trade. This paper wishes to draft the pieces of an online trading platform and to analyze the impact of developing and implementing one in a brokerage firm.

  14. MARKET WATCH

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    The Chinese economy seems to be back on the fast track, with a number of first-half indicators released by the National Bureau of Statistics turning around. First-half GDP growth was better than expected in the absence of export contributions. Positive signs are everywhere, from a rebound in fixed-asset investment to surging domestic sales. The picture of a long-anticipated merger between China Eastern and Shanghai Airlines has become clearer, though they still face an uphill battle. Securities companies gained momentum from the stock market rally by collecting more brokerage fees in the first half of this year. The country’s sovereign wealth fund, China Investment Corp., is making a push into the commodities sector.

  15. The right friends in the right places: Understanding network structure as a predictor of voluntary turnover.

    Science.gov (United States)

    Ballinger, Gary A; Cross, Rob; Holtom, Brooks C

    2016-04-01

    Research examining the relationship between social networks and employee retention has focused almost exclusively on the number of direct links and generally found that having more ties decreases the likelihood of turnover. The present research moves beyond simple measures of network centrality to investigate the relationship between 2 additional, and theoretically distinct, facets of social capital and voluntary turnover. In 2 organizations, we found consistent evidence of a negative relationship between reputation, as measured by relationships with highly sought-out others (incoming eigenvector centrality) and voluntary turnover. Further, we found that the negative relationship between brokerage (structural holes) and turnover is significant, but only for higher-level employees. The theoretical and practical implications of expanding the suite of social capital measures to understand voluntary turnover are discussed. (PsycINFO Database Record PMID:26595755

  16. Software Architecture Coupling Metric for Assessing Operational Responsiveness of Trading Systems

    Directory of Open Access Journals (Sweden)

    Claudiu VINTE

    2012-01-01

    Full Text Available The empirical observation that motivates our research relies on the difficulty to assess the performance of a trading architecture beyond a few synthetic indicators like response time, system latency, availability or volume capacity. Trading systems involve complex software architectures of distributed resources. However, in the context of a large brokerage firm, which offers a global coverage from both, market and client perspectives, the term distributed gains a critical significance indeed. Offering a low latency ordering system by nowadays standards is relatively easily achievable, but integrating it in a flexible manner within the broader information system architecture of a broker/dealer requires operational aspects to be factored in. We propose a metric for measuring the coupling level within software architecture, and employ it to identify architectural designs that can offer a higher level of operational responsiveness, which ultimately would raise the overall real-world performance of a trading system.

  17. Una definición estructural de capital social.

    Directory of Open Access Journals (Sweden)

    García-Valdecasas Medina, José I.

    2011-06-01

    Full Text Available This paper is a review of a definition of social capital that relates the topological structure of social networks, in which individuals are embedded, to the resources available to individuals in such networks. Social capital, as defined here, consists of a series of resources that individuals can obtain from the structure of social networks. Two of the most important resources are information flowing through networks and obligations of reciprocity which can come out of the mutual confidence between agents in the same network. Both aspects of social capital –information and reciprocity- are closely related to the structure of networks: firstly, the flow of information depends on certain structural configurations (brokerage characterized by low path length; and, secondly, the obligations of reciprocity depend on other structural distributions (closure characterized by high clustering coefficient.

  18. Brokered Graph State Quantum Computing

    CERN Document Server

    Benjamin, S C; Fitzsimons, J; Morton, J J L; Benjamin, Simon C.; Browne, Dan E.; Fitzsimons, Joe; Morton, John J. L.

    2005-01-01

    We describe a procedure for graph state quantum computing that is tailored to fully exploit the physics of optically active multi-level systems. Leveraging ideas from the literature on distributed computation together with the recent work on probabilistic cluster state synthesis, our model assigns to each physical system two logical qubits: the broker and the client. Groups of brokers negotiate new graph state fragments via a probabilistic optical protocol. Completed fragments are mapped from broker to clients via a simple state transition and measurement. The clients, whose role is to store the nascent graph state long term, remain entirely insulated from failures during the brokerage. We describe an implementation in terms of NV-centres in diamond, where brokers and clients are very naturally embodied as electron and nuclear spins.

  19. Electrical equipment distributors assuming greater role as suppliers to electric utilities

    International Nuclear Information System (INIS)

    A survey was conducted of Canada's largest distributors of electrical equipment to the utility market. Summaries are presented of the views of the major respondents concerning market trends and future challenges. Distributors have emerged as a supply source to utilities over the past two decades. Before then, electric utilities did virtually all their business directly with the manufacturers and rarely with distributors. One reason for this situation was that direct dealing with manufacturers was perceived by the utilites as providing better access to technical advice. Distributors have grown significantly since then and many have their own expert technical staff and provide full support for their products. Various advantages for utilities in dealing with distributors are noted: ability to supply most needs relatively rapidly from stock, simplification of ordering, improved inventory management, and savings in brokerage and other costs associated with imported equipment

  20. Easy does it

    Directory of Open Access Journals (Sweden)

    Anuj K. Shah

    2007-12-01

    Full Text Available We propose that people weight fluent, or easy to process, information more heavily than disfluent information when making judgments. Cue fluency was manipulated independent of objective cue validity in three studies, the findings from which support our hypothesis. In Experiment 1, participants weighted a consumer review more heavily when it was written in a clear font than in a less clear font. In Experiment 2, participants placed more weight on information when it was in focus than when it was blurry. In Experiment 3, participants placed more weight on financial information from brokerage firms with easy to pronounce names than those with hard to pronounce names. These studies demonstrate that fluency affects cue weighting independent of objective cue validity.

  1. Structure and Dynamics of Coauthorship, Citation, and Impact within CSCW

    CERN Document Server

    Keegan, Brian; Finholt, Thomas A; Kaye, Joseph "Jofish"

    2013-01-01

    CSCW has stabilized as an interdisciplinary venue for computer, information, cognitive, and social scientists but has also undergone significant changes in its format in recent years. This paper uses methods from social network analysis and bibliometrics to re-examine the structures of CSCW a decade after its last systematic analysis. Using data from the ACM Digital Library, we analyze changes in structures of coauthorship and citation between 1986 and 2013. Statistical models reveal significant but distinct patterns between papers and authors in how brokerage and closure in these networks affects impact as measured by citations and downloads. Specifically, impact is unduly influenced by structural position, such that ideas introduced by those in the core of the CSCW community (e.g., elite researchers) are advantaged over those introduced by peripheral participants (e.g., newcomers). This finding is examined in the context of recent changes to the CSCW conference that may have the effect of upsetting the pref...

  2. Evolution of the ATLAS PanDA Production and Distributed Analysis System

    International Nuclear Information System (INIS)

    The PanDA (Production and Distributed Analysis) system has been developed to meet ATLAS production and analysis requirements for a data-driven workload management system capable of operating at LHC data processing scale. PanDA has performed well with high reliability and robustness during the two years of LHC data-taking, while being actively evolved to meet the rapidly changing requirements for analysis use cases. We will present an overview of system evolution including automatic rebrokerage and reattempt for analysis jobs, adaptation for the CernVM File System, support for the multi-cloud model through which Tier-2 sites act as members of multiple clouds, pledged resource management and preferential brokerage, and monitoring improvements. We will also describe results from the analysis of two years of PanDA usage statistics, current issues, and plans for the future.

  3. Participatory systems mapping for sustainable consumption

    DEFF Research Database (Denmark)

    Sedlacko, Michal; Martinuzzi, Andre; Røpke, Inge;

    2014-01-01

    The paper describes our usage of and experience with the method of participatory systems mapping. The method, developed for the purpose of facilitating knowledge brokerage, builds on participatory modelling approaches and applications and was used in several events involving both researchers and...... policy makers. The paper presents and discusses examples of how different types of participatory interaction with causal loop diagrams (‘system maps’) produced different insights on issues related to sustainable consumption and enabled participatory reflection and sharing of knowledge. Together, these...... insights support a systemic understanding of the issues and Thus the method provides instruments for coping with complexity when formulating policies for sustainable consumption. Furthermore the paper discusses the ability of the method—and its limits—to connect mental models of participants through...

  4. Juggling with network prospects and conflicts

    DEFF Research Database (Denmark)

    Gretzinger, Susanne; Leick, Birgit

    Innovation-based collaboration offers not only benefits in terms of value co-creation, but is also associated with major conflicts arising for various reasons. Firm-specific knowledge that constitutes the core competencies of notably small enterprises to build competitive advantage in the global...... market place collides with the need to develop knowledge bases and upgrade capabilities to innovate in collaborative networks. As a consequence, network asymmetries and emerging risks of networking reduce the chances to jointly create value. The present paper studies this context and highlights both the...... need and power of moderation and brokerage as appropriate tools for network managers to handle such conflicts. Using a case study of an innovation- and knowledge-based Danish windmill network, the paper investigates the prospects and conflicts in the process of value co-creation in a network context...

  5. Econophysics: A challenge to econometricians

    Science.gov (United States)

    Zapart, Christopher A.

    2015-02-01

    The study contrasts mainstream economics-operating on time scales of hours and days-with behavioural finance, econophysics and high-frequency trading, more applicable to short-term time scales of the order of minutes and seconds. We show how the central theoretical assumption underpinning prevailing economic theories is violated on small time scales. We also demonstrate how an alternative behavioural econophysics can model reactions of market participants to short-term movements in foreign exchange markets and, in a direct contradiction of the orthodox economics, design a rudimentary IsingFX automated trading system. By replacing costly human forex dealers with banks of Field-Programmable Gate Array (FPGA) devices that implement in hardware high-frequency behavioural trading models of the type described here, brokerages and forex liquidity providers can expect to gain significant reductions in operating costs.

  6. Application of remote debugging techniques in user-centric job monitoring

    International Nuclear Information System (INIS)

    With the Job Execution Monitor, a user-centric job monitoring software developed at the University of Wuppertal and integrated into the job brokerage systems of the WLCG, job progress and grid worker node health can be supervised in real time. Imminent error conditions can thus be detected early by the submitter and countermeasures can be taken. Grid site admins can access aggregated data of all monitored jobs to infer the site status and to detect job misbehaviour. To remove the last 'blind spot' from this monitoring, a remote debugging technique based on the GNU C compiler suite was developed and integrated into the software; its design concept and architecture is described in this paper and its application discussed.

  7. MARKETING MIX IN FINANCIAL INVESTMENT SERVICES COMPANIES

    Directory of Open Access Journals (Sweden)

    Ioana Ancuța IANCU

    2016-05-01

    Full Text Available Given that services of Financial Investment Services Companies can be very similar (described by law, it's very important that they be distinguished by certain elements from competitors, thereby gaining market share. How can they do that? By adding value for customers. International literature offers views on creating competitive advantage considering the elements of the Marketing Mix: product, price, placement, promotion, personnel, process and physical evidence. From our experience in brokerage business, but also from our research in this field, we conclude that product and prices policies should be considered in periods of economic growth and stagnation. If in times of crisis we find no significant differences between companies (regardless of the number of products or the fees they have, in a stabilized economy, precisely this policies makes the difference between competitors.

  8. Business Storytelling and Leadership in the Insurance Companies from Romania

    Directory of Open Access Journals (Sweden)

    Viorica Păuș

    2013-12-01

    Full Text Available The research addresses a new concept introduced into the managerial practice of the insurance industry from Romania and it aims to test the hypothesis that success, performance and competitiveness of the organizations in the insurance industry depend also on the quality of the leadership and the leaders’ ability to use storytelling, taking into account the intangibility of the insurance products. The main tool that this exploratory, qualitative research has used is the structured interview with three target groups, which we considered to be relevant: CEOs/managers of insurance companies and insurance brokerage firms, public relations specialists and economic journalists. The results of our research endeavours may be of interest for both the managers, employees and communication specialists in the insurance industry and the business world in general, for which the introduction of storytelling in the leadership practices might increase the attractiveness not only for employees, but also for stakeholders and customers.

  9. IT-Driven Customer Service or Customer-Driven IT Service: Does IT Matter?

    DEFF Research Database (Denmark)

    Damsgaard, J.; Hørlück, J.; Jensen, Christian Søndergaard

    2005-01-01

    At the end of 2004, the Nykredit Group was doing well. In accordance with the overall plan of diversifying Nykredit from a mortgage bank to a retail financial institution, Nykredit had just successfully acquired another mortgage bank. The company portfolio of Nykredit was now close to being...... complete. Mortgage banking, retail banking, an insurance company, a real estate brokerage chain, and a real estate investor company comprised the Nykredit Group, making it a modern financial supermarket.. The deregulation of the Danish banking industry in the 1990s caused a lot of turmoil within the entire....... Everybody agreed that IT was the answer to achieving both cost reduction and differentiation, but how could Nykredit be sure they would always have the right IT? Some argued that the customer side should drive the IT development in order to ensure that Nykredit would have the most relevant IT systems...

  10. Choosing Collaboration Partners. How Scientific Success in Physics Depends on Network Positions

    CERN Document Server

    Heiberger, Raphael H

    2016-01-01

    Physics is one of the most successful endeavors in science. Being a prototypic big science it also reflects the growing tendency for scientific collaborations. Utilizing 250,000 papers from ArXiv.org a prepublishing platform prevalent in Physics we construct large coauthorship networks to investigate how individual network positions influence scientific success. In this context, success is seen as getting a paper published in high impact journals of physical subdisciplines as compared to not getting it published at all or in rather peripheral journals only. To control the nested levels of authors and papers, and to consider the time elapsing between working paper and prominent journal publication we employ multilevel eventhistory models with various network measures as covariates. Our results show that the maintenance of even a moderate number of persistent ties is crucial for scientific success. Also, even with low volumes of social capital Physicists who occupy brokerage positions enhance their chances of a...

  11. The NYMEX electricity futures contract

    Energy Technology Data Exchange (ETDEWEB)

    Palmer-Huggins, D. [New York Mercantile Exchange, Houston, TX (United States)

    1998-07-01

    Members of the New York Mercantile Exchange (NYMEX) include bankers, industry (such as refiners, producers, and electricity marketers) brokerage houses, and individuals. NYMEX is the largest physical commodity futures exchange in the world. The primary economic role of the commodity exchange industry was discussed, with special emphasis on open interest, volume, and liquidity. Hedge dynamics were also reviewed. A hedge was described as a financial instrument used to lock in prices, costs, and profit margins. Futures contracts in general, and electricity futures contracts in particular were defined (`a firm commitment to deliver or to receive a specified quantity or grade of commodity at a specific location within a designated month`). Results expected from hedging, - cost control, predictable margins, securing a certain market share, price stabilization - , the nature of options trading, and its benefits were also reviewed. 1 tab., 4 figs.

  12. Validation of ATLAS grid sites with HammerCloud

    International Nuclear Information System (INIS)

    The ATLAS Grid infrastructure consists of more than one hundred WLCG sites worldwide dedicated to both central production and user analysis activities. Every day more than 100000 jobs are continuously running. Automatic validation of each site for both analysis and production jobs is necessary to ensure the smooth operation of such a complex system. The HammerCloud framework provides such a testing service, with automatic exclusion from brokerage of sites failing the tests. Moreover within HammerCloud stress tests can be defined to test specific issues (validating new sites, evaluating performances after an hardware change, test new software releases and configurations). We report on the operation and results of functional testing and new developments in HammerCloud. These include testing of the ATLAS offline software nightly build releases distributed by CVMFS and testing storage setup in the new ATLAS xrootd federation (FAX).

  13. Scenario Development for Sustainable Food Consumption

    DEFF Research Database (Denmark)

    Reisch, Lucia; Farsang, Andrea; Jégou, Francois

    seasonal dependency due to global trade and storage and process technology. On the demand side, relatively high and stable incomes combined with low food prices have in-creased accessibility, availability and affordability of a highly diverse food supply. Yet, according to the FAO, total food production...... will have to increase by up to 70% in order to feed the growing population projected to be around 9 billion people by 2050 with the largest increase in low-income countries. It will be a huge challenge for agriculture to meet this growing demand in a sustainable way. Besides global population increase...... brokerage. Scenarios can reveal uncertainties, can help prepare for unexpected changes and highlight crucial decisions to be taken today. Scenarios can offer a clearer picture of the present and visions for the future, can help to identify key driving forces and their trends as well as as-sess potential...

  14. Analysing Local Sparseness in the Macaque Brain Network.

    Science.gov (United States)

    Singh, Raghavendra; Nagar, Seema; Nanavati, Amit A

    2015-01-01

    Understanding the network structure of long distance pathways in the brain is a necessary step towards developing an insight into the brain's function, organization and evolution. Dense global subnetworks of these pathways have often been studied, primarily due to their functional implications. Instead we study sparse local subnetworks of the pathways to establish the role of a brain area in enabling shortest path communication between its non-adjacent topological neighbours. We propose a novel metric to measure the topological communication load on a vertex due to its immediate neighbourhood, and show that in terms of distribution of this local communication load, a network of Macaque long distance pathways is substantially different from other real world networks and random graph models. Macaque network contains the entire range of local subnetworks, from star-like networks to clique-like networks, while other networks tend to contain a relatively small range of subnetworks. Further, sparse local subnetworks in the Macaque network are not only found across topographical super-areas, e.g., lobes, but also within a super-area, arguing that there is conservation of even relatively short-distance pathways. To establish the communication role of a vertex we borrow the concept of brokerage from social science, and present the different types of brokerage roles that brain areas play, highlighting that not only the thalamus, but also cingulate gyrus and insula often act as "relays" for areas in the neocortex. These and other analysis of communication load and roles of the sparse subnetworks of the Macaque brain provide new insights into the organisation of its pathways. PMID:26437077

  15. Treatment and trade or organic manures in the future

    International Nuclear Information System (INIS)

    The manure market is dominated by both low prices and low quality. This current market does not favour the sustainable use of manures, nor does it favour innovation. First step in improving both manure quality and manure utilisation is optimizing the manure supply chain. A powerful instrument for this optimizing forms ''certification of the links within the chain''. The successful marketing of the derivates requires technological and organisational innovation. A powerful instrument in successful marketing is ''certification''. Through certification of the supply chain, as well as certification of the products, upgrading of the products is possible, leading to economical viable investments in waste treatment. Product certification leads furthermore to the possibility of positioning the products. A positive positioning of the products, differentiating it from ''waste'', is essential for the desired investments by market parties. In this paper new ideas and developments on the Dutch manure market are presented. A new technology (v. Aspert plant), including the marketing concept as the derivates produced are presented. A profile on a manure brokerage organisation (MBO) and, on last year founded, European Manure association (EMA) are added. (au)

  16. “职客”及其社会文化心理考辨%On the Socio-cultural and Psychological Factors of the Neology Zhlk~

    Institute of Scientific and Technical Information of China (English)

    杨绪明

    2012-01-01

    The neology zhlke is a new name of the job brokers who can introduce certain job to seekers through the information or public relations he has and gets some brokerage. From hangtou, huishou,qianke, jingjiren, zhongjieren, jieshaoren, zhijie, lietou, weike, to zhike, the substitution of the job broker's names in Chinese witnesses the changing course of the job broker developed from its budding times to professionalization, from private practice to public lawfulness, which also shows the word' s particular sociocultural and psychological factors.%网络新词"职客"是职业经纪人的新名称,指利用自己掌握的信息或人脉给人介绍工作并收取一定费用的人。从"行头、会首、掮客、经纪人、中间人、中人、中介人"到"介绍人、职介、猎头、威客、职客"———名称的变化展现了职业经纪人这一职业从萌芽发展到专门化、从私下惯例行为走向公开化合法化职业的演变历程。同时,词汇的更替也折射出了不同时代的社会文化心理。

  17. Los caminos del enfermo en una comunidad K’iche’ de Guatemala: una contribución del análisis de redes al estudio de los comportamientos de búsqueda de atención en salud.

    Directory of Open Access Journals (Sweden)

    Cerón, Alejandro

    2010-06-01

    Full Text Available Introduction: The aim of this study was to broaden understanding about care-seeking behavior through the analysis of the transitions people make between different forms of treatment. Methodology: A survey of disease prevalence in 229 households from the community identified 92 people with severe illnesses, who were interviewed to establish the actions they took regarding the enferemdad. The actions correspond to one of the following categories: waiting, home remedies, purchase of medicine, or professional use (traditional, biomedical or divine healing. These therapeutic categories were tabulated in an array the same way. Netdraw program was used to plot the network of transitions between therapeutic categories. UCINET was used to calculate the density of the network, the degree of centrality and brokerage for each treatment category. Results: The network density was 98%. For the entire network, the degree of centrality outward and inward was 35 and 27% respectively. The degree of interference was between 1% to traditional healers and 26% for practitioners of biomedicine. Conclusions: The decision to start a new treatment is influenced by previous treatments. To wait without treatment and home treatment is often used at different times of illness episode. Using biomedical professionals is often followed by the search for other treatments. Using traditional healers and practitioners of divine healing is often followed for the end of the episode.

  18. Legal and ethical issues in the international transaction of donor sperm and eggs.

    Science.gov (United States)

    Heng, Boon Chin

    2007-04-01

    Pertinent ethical and legal issues in the international transaction of donor sperm and eggs are discussed. Firstly, there may be legislative and ethical "contradiction" by the local health authority in permitting import of donor gametes, due to varying policies on donor reimbursement in different countries. This is particularly significant in countries where the underlying principle of gamete donation is altruistic motivation, and where reimbursement is given only for direct "out-of-pocket" expenses i.e. traveling costs. Secondly, there is a lack of clear and coherent internationally-binding legislation and regulatory guidelines overseeing the exchange of donor gametes across international borders. In particular, provisions should be made for donor traceability if gametes are sourced from abroad. Thirdly, in the case of "frozen-egg donation" from abroad, patients must rightfully be informed that current cryopreservation technology is still sub-optimal, and all studies have consistently shown that the chances of conception are always lower with "frozen-eggs" compared to freshly-retrieved eggs. Finally, regulatory safeguards should be put in place to prevent fertility clinics and medical professionals from "re-selling" imported donor gametes at a profit to the patient, since it would be thoroughly unprofessional for them to earn a profit simply through the 'brokerage' of donated human material. PMID:17450429

  19. DISPUTE RESOLUTION AND MEDIATION ON CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    CRISTIAN GHEORGHE

    2011-04-01

    Full Text Available Capital Market is usually depicted as a place for experts, for people with high trading skills. This is a half truth. There are entities established and functioning under strict scrutiny of Romanian National Securities Commission (RNSC, in compliance with Capital Market Law and regulations. There are also the investors, in many cases individuals involved in shares/financial instruments trade. In both cases disputes can rise. Disputes are inevitable a part of human interaction, hence the need for dispute resolution. First option is the judicial court system. Alternative dispute resolution comprises arbitration and mediation. Arbitration is an alternative choice to provide simpler, speedier and more accessible justice than ordinary courts as well as expertise in matters that are technical in nature and require special knowledge to adjudicate upon. Capital Market environment provides an institutional arbitration court for all participants, including investors. In many cases the agreement executed between participants under RNSC scrutiny The other option for settling disputes outside the court is mediation. Mediation can provide a much cheaper and quick extrajudicial resolution of disputes in commercial matters without time consuming procedures and rigid rules. Agreements resulting from mediation are more likely to be complied with voluntarily and are more likely to foster the commercial relationship between the parties. The interaction between investors and brokerage houses is based on investment services agreement concluded by parties. This is the usual framework for disputes between parties and the usual “landscape” for mediation on capital market.

  20. Application of rule-based data mining techniques to real time ATLAS Grid job monitoring data

    Science.gov (United States)

    Ahrens, R.; Harenberg, T.; Kalinin, S.; Mättig, P.; Sandhoff, M.; dos Santos, T.; Volkmer, F.

    2012-12-01

    The Job Execution Monitor (JEM) is a job-centric grid job monitoring software developed at the University of Wuppertal and integrated into the pilot-based PanDA job brokerage system leveraging physics analysis and Monte Carlo event production for the ATLAS experiment on the Worldwide LHC Computing Grid (WLCG). With JEM, job progress and grid worker node health can be supervised in real time by users, site admins and shift personnel. Imminent error conditions can be detected early and countermeasures can be initiated by the Job's owner immedeatly. Grid site admins can access aggregated data of all monitored jobs to infer the site status and to detect job and Grid worker node misbehavior. Shifters can use the same aggregated data to quickly react to site error conditions and broken production tasks. In this work, the application of novel data-centric rule based methods and data-mining techniques to the real time monitoring data is discussed. The usage of such automatic inference techniques on monitoring data to provide job and site health summary information to users and admins is presented. Finally, the provision of a secure real-time control and steering channel to the job as extension of the presented monitoring software is considered and a possible model of such the control method is presented.

  1. Understanding enabling capacities for managing the 'wicked problem' of nonpoint source water pollution in catchments: a conceptual framework.

    Science.gov (United States)

    Patterson, James J; Smith, Carl; Bellamy, Jennifer

    2013-10-15

    Nonpoint source (NPS) water pollution in catchments is a 'wicked' problem that threatens water quality, water security, ecosystem health and biodiversity, and thus the provision of ecosystem services that support human livelihoods and wellbeing from local to global scales. However, it is a difficult problem to manage because water catchments are linked human and natural systems that are complex, dynamic, multi-actor, and multi-scalar in nature. This in turn raises questions about understanding and influencing change across multiple levels of planning, decision-making and action. A key challenge in practice is enabling implementation of local management action, which can be influenced by a range of factors across multiple levels. This paper reviews and synthesises important 'enabling' capacities that can influence implementation of local management action, and develops a conceptual framework for understanding and analysing these in practice. Important enabling capacities identified include: history and contingency; institutional arrangements; collaboration; engagement; vision and strategy; knowledge building and brokerage; resourcing; entrepreneurship and leadership; and reflection and adaptation. Furthermore, local action is embedded within multi-scalar contexts and therefore, is highly contextual. The findings highlight the need for: (1) a systemic and integrative perspective for understanding and influencing change for managing the wicked problem of NPS water pollution; and (2) 'enabling' social and institutional arenas that support emergent and adaptive management structures, processes and innovations for addressing NPS water pollution in practice. These findings also have wider relevance to other 'wicked' natural resource management issues facing similar implementation challenges. PMID:23792915

  2. Perspectives for Web Service Intermediaries: How Influence on Quality Makes the Difference

    Science.gov (United States)

    Scholten, Ulrich; Fischer, Robin; Zirpins, Christian

    In the service-oriented computing paradigm and the Web service architecture, the broker role is a key facilitator to leverage technical capabilities of loose coupling to achieve organizational capabilities of dynamic customer-provider-relationships. In practice, this role has quickly evolved into a variety of intermediary concepts that refine and extend the basic functionality of service brokerage with respect to various forms of added value like platform or market mechanisms. While this has initially led to a rich variety of Web service intermediaries, many of these are now going through a phase of stagnation or even decline in customer acceptance. In this paper we present a comparative study on insufficient service quality that is arguably one of the key reasons for this phenomenon. In search of a differentiation with respect to quality monitoring and management patterns, we categorize intermediaries into Infomediaries, e-Hubs, e-Markets and Integrators. A mapping of quality factors and control mechanisms to these categories depicts their respective strengths and weaknesses. The results show that Integrators have the highest overall performance, followed by e-Markets, e-Hubs and lastly Infomediaries. A comparative market survey confirms the conceptual findings.

  3. Do Nobel Laureates Create Prize-Winning Networks? An Analysis of Collaborative Research in Physiology or Medicine.

    Directory of Open Access Journals (Sweden)

    Caroline S Wagner

    Full Text Available Nobel Laureates in Physiology or Medicine who received the Prize between 1969 and 2011 are compared to a matched group of scientists to examine productivity, impact, coauthorship and international collaboration patterns embedded within research networks. After matching for research domain, h-index, and year of first of publication, we compare bibliometric statistics and network measures. We find that the Laureates produce fewer papers but with higher average citations. The Laureates also produce more sole-authored papers both before and after winning the Prize. The Laureates have a lower number of coauthors across their entire careers than the matched group, but are equally collaborative on average. Further, we find no differences in international collaboration patterns. The Laureates coauthor network reveals significant differences from the non-Laureate network. Laureates are more likely to build bridges across a network when measuring by average degree, density, modularity, and communities. Both the Laureate and non-Laureate networks have "small world" properties, but the Laureates appear to exploit "structural holes" by reaching across the network in a brokerage style that may add social capital to the network. The dynamic may be making the network itself highly attractive and selective. These findings suggest new insights into the role "star scientists" in social networks and the production of scientific discoveries.

  4. SOCIO-CULTURAL CHARACTERISTICS OF RICE E-MARKETING USERS (CASE OF RASHT TOWNSHIP, IRAN

    Directory of Open Access Journals (Sweden)

    Seyed ALAVIOON

    2013-03-01

    Full Text Available The main purpose of this research was to study the socio-cultural index of rice electronic marketing users in Rasht Township, Iran. This study used a survey design and was conducted with a random sample of 367 paddy farmers in Rasht Township. To identify the socio-cultural characteristics of rice e-marketing users, a self-designed questionnaire was developed to gather data. For determining the validity of the questionnaire, the face and content validity were used. Reliability for the instrument was estimated at 0.81. The Kurskal-Wallis and U Mann-Whitney test have been used to identify the effective factors on e-marketing. The result revealed that almost 68% of farmers had high tendency to adoption of electronic marketing and more than 70% of respondents chose rural ICT offices for rice e-marketing. Experience in using the internet services and internet skill had significant effects on e-marketing adoption. Finally, the result of this research presents a brokerage model. The nature of this model is (B2C which means truck between business (ICT office and customers. In this model, rural ICT offices have a role as buy/sell fulfillment.

  5. An Empirical Analysis on Credit Risk Models and its Application

    Directory of Open Access Journals (Sweden)

    Joocheol Kim

    2014-08-01

    Full Text Available This study intends to focus on introducing credit default risk with widely used credit risk models in an effort to empirically test whether the models hold their validity, apply to financial institutions which usually are highly levered with various types of debts, and finally reinterpret the results in computing adequate collateral level in the over-the-counter derivatives market. By calculating the distance-to-default values using historical market data for South Korean banks and brokerage firms as suggested in Merton model and KMV’s EDF model, we find that the performance of the introduced models well reflect the credit quality of the sampled financial institutions. Moreover, we suggest that in addition to the given credit ratings of different financial institutions, their distance-to-default values can be utilized in determining the sufficient level of credit support. Our suggested “smoothened” collateral level allows both contractual parties to minimize their costs caused from provision of collateral without undertaking additional credit risk and achieve efficient collateral management.

  6. Actors and networks in resource conflict resolution under climate change in rural Kenya

    Science.gov (United States)

    Ngaruiya, Grace W.; Scheffran, Jürgen

    2016-05-01

    The change from consensual decision-making arrangements into centralized hierarchical chieftaincy schemes through colonization disrupted many rural conflict resolution mechanisms in Africa. In addition, climate change impacts on land use have introduced additional socio-ecological factors that complicate rural conflict dynamics. Despite the current urgent need for conflict-sensitive adaptation, resolution efficiency of these fused rural institutions has hardly been documented. In this context, we analyse the Loitoktok network for implemented resource conflict resolution structures and identify potential actors to guide conflict-sensitive adaptation. This is based on social network data and processes that are collected using the saturation sampling technique to analyse mechanisms of brokerage. We find that there are three different forms of fused conflict resolution arrangements that integrate traditional institutions and private investors in the community. To effectively implement conflict-sensitive adaptation, we recommend the extension officers, the council of elders, local chiefs and private investors as potential conduits of knowledge in rural areas. In conclusion, efficiency of these fused conflict resolution institutions is aided by the presence of holistic resource management policies and diversification in conflict resolution actors and networks.

  7. Breaking barriers to interoperability: assigning spatially and temporally unique identifiers to spaces and buildings.

    Science.gov (United States)

    Pyke, Christopher R; Madan, Isaac

    2013-08-01

    The real estate industry routinely uses specialized information systems for functions, including design, construction, facilities management, brokerage, tax assessment, and utilities. These systems are mature and effective within vertically integrated market segments. However, new questions are reaching across these traditional information silos. For example, buyers may be interested in evaluating the design, energy efficiency characteristics, and operational performance of a commercial building. This requires the integration of information across multiple databases held by different institutions. Today, this type of data integration is difficult to automate and propone to errors due, in part, to the lack of generally accepted building and spaces identifiers. Moving forward, the real estate industry needs a new mechanism to assign identifiers for whole buildings and interior spaces for the purpose of interoperability, data exchange, and integration. This paper describes a systematic process to identify activities occurring at building or within interior spaces to provide a foundation for exchange and interoperability. We demonstrate the application of the approach with a prototype Web application. This concept and demonstration illustrate the elements of a practical interoperability framework that can increase productivity, create new business opportunities, and reduce errors, waste, and redundancy. PMID:23919918

  8. Cloud Instrument Powered by Solar Cell Sends Data to Pachube

    Directory of Open Access Journals (Sweden)

    Doru Ursutiu

    2010-11-01

    Full Text Available Despite the economic downturn, there have been quite a few new developments in the world of remote measurements lately. Tag4M (www.tag4m.com introduced the concept of cloud instrument where sensors connected to WiFi tags send data to off-the-shelf Access Points which are part of the WiFi infrastructure that exists in enterprises, retail outlets, factories, and warehouses. Access Points route the data to the Internet where specialized web applications receive the information for processing and display. One of these specialized web applications is Pachube, (http://www.pachube.com which bills itself as a “real-time data brokerage platform”. Pachube enables people to tag and share real time sensor data from objects, devices and spaces around the world. This article presents the pachube cloud instrument where sensors connected to Tag4M WiFi tags send digitized data to www.pachube.com for public display. The article contains very detailed analysis of the solar cell power source that is used to continuously power the Tag4M tag during this application. Cloud Instruments powered by solar cells enable people around the world to share real time sensor data using web pages on the Internet. This is a very interesting and exciting technology development that we want to bring to your attention.

  9. The management of health care service quality. A physician perspective.

    Science.gov (United States)

    Bobocea, L; Gheorghe, I R; Spiridon, St; Gheorghe, C M; Purcarea, V L

    2016-01-01

    Applying marketing in health care services is presently an essential element for every manager or policy maker. In order to be successful, a health care organization has to identify an accurate measurement scale for defining service quality due to competitive pressure and cost values. The most widely employed scale in the services sector is SERVQUAL scale. In spite of being successfully adopted in fields such as brokerage and banking, experts concluded that the SERVQUAL scale should be modified depending on the specific context. Moreover, the SERVQUAL scale focused on the consumer's perspective regarding service quality. While service quality was measured with the help of SERVQUAL scale, other experts identified a structure-process-outcome design, which, they thought, would be more suitable for health care services. This approach highlights a different perspective on investigating the service quality, namely, the physician's perspective. Further, we believe that the Seven Prong Model for Improving Service Quality has been adopted in order to effectively measure the health care service in a Romanian context from a physician's perspective. PMID:27453745

  10. The next generation of the ATLAS PanDA Monitoring System

    CERN Document Server

    Schovancova, J; The ATLAS collaboration; Klimentov, A; Love, P; Potekhin, M; Wenaus, T

    2014-01-01

    For many years the PanDA Workload Management System has been the basis for distributed production and analysis for the ATLAS experiment at the LHC. Since the start of data taking PanDA usage has ramped up steadily, with up to 1M completed jobs/day in 2013. The associated monitoring data volume has been rising as well, to levels that present a new set of challenges in the areas of database scalability and monitoring system performance and efficiency. Outside of ATLAS, the PanDA system is also being used in projects like AMS, LSST and a few others. It currently undergoes a significant redesign, both of the core server components responsible for workload management, brokerage and data access, and of the monitoring part, which is critically important for efficient execution of the workflow in a way that’s transparent to the user and also provides an effective set of tools for operational support. The new generation of the PanDA Monitoring Service is designed based on a proven, scalable, industry-standard Web Fr...

  11. Uranium loans

    International Nuclear Information System (INIS)

    When NUEXCO was organized in 1968, its founders conceived of a business based on uranium loans. The concept was relatively straightforward; those who found themselves with excess supplies of uranium would deposit those excesses in NUEXCO's open-quotes bank,close quotes and those who found themselves temporarily short of uranium could borrow from the bank. The borrower would pay interest based on the quantity of uranium borrowed and the duration of the loan, and the bank would collect the interest, deduct its service fee for arranging the loan, and pay the balance to those whose deposits were borrowed. In fact, the original plan was to call the firm Nuclear Bank Corporation, until it was discovered that using the word open-quotes Bankclose quotes in the name would subject the firm to various US banking regulations. Thus, Nuclear Bank Corporation became Nuclear Exchange Corporation, which was later shortened to NUEXCO. Neither the nuclear fuel market nor NUEXCO's business developed quite as its founders had anticipated. From almost the very beginning, the brokerage of uranium purchases and sales became a more significant activity for NUEXCO than arranging uranium loans. Nevertheless, loan transactions have played an important role in the international nuclear fuel market, requiring the development of special knowledge and commercial techniques

  12. Challenges And Opportunities For The Future Of Icampuses

    Directory of Open Access Journals (Sweden)

    Andrew Thomas

    2013-01-01

    Full Text Available Meeting the educational needs of students currently requires moving towardcollaborative electronic and mobile learning systems that parallel the vision ofWeb 2.0. However, factors such as data freedom, brokerage, interconnectivityand the Internet of Things add to a vision for Web 3.0 that will require con-sideration in the development of future campus-based, distance and vocationalstudy. So, education can, in future, be expected to require deeper technologicalconnections between students and learning environments, based on significantuse of sensors, mobile devices, cloud computing and rich-media visualization.Therefore, we discuss challenges associated with such a futuristic campus con-text, including how learning materials and environments may be enriched byit. As an additional novel element the potential for much of that enrichmentto be realized through development by students, within the curriculum, is alsoconsidered. We will conclude that much of the technology required to embracethe vision of Web 3.0 in education already exists, but that further research inkey areas is required for the concept to achieve its full potential.

  13. Application of rule-based data mining techniques to real time ATLAS Grid job monitoring data

    International Nuclear Information System (INIS)

    The Job Execution Monitor (JEM) is a job-centric grid job monitoring software developed at the University of Wuppertal and integrated into the pilot-based PanDA job brokerage system leveraging physics analysis and Monte Carlo event production for the ATLAS experiment on the Worldwide LHC Computing Grid (WLCG). With JEM, job progress and grid worker node health can be supervised in real time by users, site admins and shift personnel. Imminent error conditions can be detected early and countermeasures can be initiated by the Job's owner immedeatly. Grid site admins can access aggregated data of all monitored jobs to infer the site status and to detect job and Grid worker node misbehavior. Shifters can use the same aggregated data to quickly react to site error conditions and broken production tasks. In this work, the application of novel data-centric rule based methods and data-mining techniques to the real time monitoring data is discussed. The usage of such automatic inference techniques on monitoring data to provide job and site health summary information to users and admins is presented. Finally, the provision of a secure real-time control and steering channel to the job as extension of the presented monitoring software is considered and a possible model of such the control method is presented.

  14. Factors Affecting the Individual Decision Making: a Case Study of Islamabad Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mona Akbar

    2016-03-01

    Full Text Available In recent era, stock market trading has increased rapidly; rapid trading can give benefits to brokerage firms. Stock market of country is an indicator of economic growth and development of country. Individual investment decision making is increasing rapidly so it is necessary to know the behavior of individual investors. The study identifies the factors that affect the investment decision making. The study used adapted questionnaire to gather the primary data from 253 individual investors of Islamabad stock exchange. The advanced econometric techniques are used to conduct in-depth analysis of gathered data with the help of SPSS 22. The descriptive statistics, regression analysis and exploratory factor analysis are employed. The findings of present study reveal positive significant relationship between advocate recommendations, neutral information, self-image/firm image coincidence and individual investor investment decision making. The study did not find any evidence on relationship between accounting information, classical wealth maximization and personal financial needs. It can say that most of investors in Pakistan are not making rational decisions on the basis of accounting information and most of times their decisions depend on the recommendations of stock brokers, co-works, friends and family. It is suggested that higher authorizes should focus on this issue because stock markets can be easily manipulated if investors rely on other recommendations while making investment decisions.

  15. Resource Distribution Approaches in Spectrum Sharing Systems

    Directory of Open Access Journals (Sweden)

    Friedrich K. Jondral

    2008-05-01

    Full Text Available It is increasingly difficult to satisfy growing demands for spectrum with the conventional policy of fixed spectrum allocation. To overcome this problem, flexible/dynamic spectrum sharing methods that can significantly improve spectrum utilization of the spectrum have gained increasing interest recently. This paper presents two dynamic spectrum sharing approaches, a centralized and a decentralized one. The centralized approach is based on hierarchical trading. Each level of hierarchy is composed of “markets” that are associated with a certain spatial area and trading occurrence frequency, whereas area size and trading occurrence frequency depend on the hierarchy level. The decentralized approach is based on game-theory. There, it is assumed that the operators are averse to unequal payoffs and act unselfishly, enabling a stable and sustainable community. Numerical results show that, in the observed scenario, both proposals outperform the reference case of fixed resource allocation significantly in terms of utilized bandwidth. Whereas, negotiation costs for spectrum brokerage appear in the centralized approach, nonnegligible amounts of spectrum are lost in the decentralized approach due to collisions. Thus, a hybrid of centralized and decentralized approach that exploits the benefits of both is also considered.

  16. Development of Online Environmental Monitoring System with Location Awareness

    Directory of Open Access Journals (Sweden)

    Dhiren P Mistry

    2012-06-01

    Full Text Available Despite the economic downturn, there have been quite a few new developments in the world of remote measurements lately. This Paper introduced the concept of OEMS where sensors connected to the microcontroller based system and which is the part of enterprises, retail outlets, factories, and warehouse or any remote place. The system sends the data to the Internet where specialized web applications receive the information for processing and display. One of these specialized web applications is Pachube, (http://www.pachube.com which bills itself as a real-time data brokerage platform. Pachube enables people to tag and share real time sensor data from objects, devices and spaces around the world. The system basically sense the Environmental parameter like temperature, humidity, Carbon Monoxide Level, level of Alcohol Gases, of the Area in which system is located. By using a GPS technology, track the location of the area in terms of latitude and longitude. All the data of Sensors and GPS data uploaded to the Pachube using a GPRS with the help of GSM Modem.

  17. Knowledge sharing and organizational learning in the context of hospital infection prevention.

    Science.gov (United States)

    Rangachari, Pavani

    2010-01-01

    Recently, hospitals that have been successful in preventing infections have labeled their improvement approaches as either the Toyota Production System (TPS) approach or the Positive Deviance (PD) approach. PD has been distinguished from TPS as being a bottom-up approach to improvement, as against top-down. Facilities that have employed both approaches have suggested that PD may be more effective than TPS for infection prevention. This article integrates organizational learning, institutional, and knowledge network theories to develop a theoretical framework for understanding the structure and evolution of effective knowledge-sharing networks in health care organizations, that is, networks most conducive to learning and improvement. Contrary to arguments put forth by hospital success stories, the framework suggests that networks rich in brokerage and hierarchy (ie, top-down, "TPS-like" structures) may be more effective for learning and improvement in health care organizations, compared with a networks rich in density (ie, bottom-up, "PD-like" structures). The theoretical framework and ensuing analysis help identify several gaps in the literature related to organization learning and improvement in the infection prevention context. This, in turn, helps put forth recommendations for health management research and practice. PMID:20042932

  18. Application of rule-based data mining techniques to real time ATLAS Grid job monitoring data

    CERN Document Server

    Ahrens, R; The ATLAS collaboration; Kalinin, S; Maettig, P; Sandhoff, M; dos Santos, T; Volkmer, F

    2012-01-01

    The Job Execution Monitor (JEM) is a job-centric grid job monitoring software developed at the University of Wuppertal and integrated into the pilot-based “PanDA” job brokerage system leveraging physics analysis and Monte Carlo event production for the ATLAS experiment on the Worldwide LHC Computing Grid (WLCG). With JEM, job progress and grid worker node health can be supervised in real time by users, site admins and shift personnel. Imminent error conditions can be detected early and countermeasures can be initiated by the Job’s owner immideatly. Grid site admins can access aggregated data of all monitored jobs to infer the site status and to detect job and Grid worker node misbehaviour. Shifters can use the same aggregated data to quickly react to site error conditions and broken production tasks. In this work, the application of novel data-centric rule based methods and data-mining techniques to the real time monitoring data is discussed. The usage of such automatic inference techniques on monitorin...

  19. Improved price transparency : how electronic trading is affecting natural gas prices

    International Nuclear Information System (INIS)

    New electronic trading platforms can be categorized as: (1) proprietary or marketplace systems owned by the market maker or liquidity provider, (2) matching systems for brokerage systems where counter parties are matched and electronically executed through bilateral trading agreements, and (3) cleared exchanges which have traditional characteristics such as neutrality, anonymity, and clearing. The Calgary-based Natural Gas Exchange (NGX) is an independent electronic energy exchange. It is owned by OM in Stockholm, Sweden and operates under an order from the Alberta Securities Commission. Its main objective is to provide electronic energy trading and clearing services to participants in the the North American energy market. NGX has transacted more than 270,000 trades with zero default. The services at NGX include: centralized and anonymous electronic trading; centralized risk management and netting; centralized collateral management; transaction facilitation; pipeline title transfer coordination; and, real time price index generation. This paper described the impact of the many different types of trading platforms on liquidity and volatility in the marketplace. It also addresses the future of online energy trading and their respective platforms. Supply and demand of natural gas, storage, and weather are the basic market fundamentals, but trading platforms have an impact of volatility of natural gas because of market fragmentation, transparency, and market systems. As online energy exchanges evolve, we will see a consolidation of online energy exchanges that will thin a shrinking pool of players, and appropriately capitalized and centralized clearinghouses will become the backbone of all major online energy trading operations

  20. Hybridising Medicine: Illness, Healing and the Dynamics of Reciprocal Exchange on the Upper Guinea Coast (West Africa).

    Science.gov (United States)

    Havik, Philip J

    2016-04-01

    The present article seeks to fill a number of lacunae with regard to the study of the circulation and assimilation of different bodies of medical knowledge in an important cultural contact zone, that is the Upper Guinea Coast. Building upon ongoing research on trade and cultural brokerage in the area, it focuses upon shifting attitudes and practices with regard to health and healing as a result of cultural interaction and hybridisation against the background of growing intra-African and Afro-Atlantic interaction from the fifteenth to the late seventeenth century. Largely based upon travel accounts, missionary reports and documents produced by the Portuguese Inquisition, it shows how forms of medical knowledge shifted and circulated between littoral areas and their hinterland, as well as between the coast, the Atlantic and beyond. It shows that the changing patterns of trade, migration and settlement associated with Mandé influence and Afro-Atlantic exchange had a decisive impact on changing notions of illness and therapeutic trajectories. Over the centuries, cross-cultural, reciprocal borrowing contributed to the development of healing kits employed by Africans and non-African outsiders alike, which were used and brokered by local communities in different locations in the region. PMID:26971596

  1. Final report of the radiological release survey of Building 19 at the Grand Junction Office Facility

    International Nuclear Information System (INIS)

    The U.S. Department of Energy (DOE) Grand Junction Office (GJO) occupies a 61.7-acre facility along the Gunnison River near Grand Junction, Colorado. This site was contaminated with uranium ore concentrates and mill tailings during vanadium refining activities of the Manhattan Engineer District, and during sampling, assaying, pilot milling, storage, and brokerage activities conducted for the U.S. Atomic Energy Commission's domestic uranium procurement program. The DOE Defense Decontamination and Decommissioning Program established the GJO Remedial Action Project (GJORAP) to clean up and restore the facility lands, improvements, and underlying aquifer. WASTREN-Grand Junction is the site contractor for the facility and the remedial action contractor for GJORAP. Building 19 and the underlying soil were found not to be radiologically contaminated; therefore, the building can be released for unrestricted use. Placards have been placed at the building entrances indicating the completion of the radiological release survey and prohibiting the introduction of any radioactive materials within the building without written approvals from the GJO Facilities Operations Manager. This document was prepared in response to a DOE-GJO request for an individual final release report for each GJO building

  2. Final report of the radiological release survey of Building 29 at the Grand Junction Office Facility

    International Nuclear Information System (INIS)

    The U.S. Department of Energy (DOE) Grand Junction Office (GJO) occupies a 61.7-acre facility along the Gunnison River near Grand Junction, Colorado. This site was contaminated with uranium ore concentrates and mill tailing during vanadium refining activities of the Manhattan Engineer District, and during sampling, assaying, pilot milling, storage, and brokerage activities conducted for the U.S. Atomic Energy Commission's domestic uranium procurement program. The DOE Defense Decontamination and Decommissioning Program established the GJO Remedial Action Project (GJORAP) to clean up and restore the facility lands, improvements, and underlying aquifer. WASTREN-Grand Junction is the site contractor for the facility and the remedial action contractor for GJORAP. Building 29 and the underlying soil were found not to be radiologically contaminated; therefore, the building can be released for unrestricted use. Placards have been placed at the building entrances indicating the completion of the radiological release survey and prohibiting the introduction of any radioactive materials within the building without written approvals from the GJO Facilities Operations Manager. This document was prepared in response to a DOE-GJO request for an individual final release report for each GJO building

  3. Final report of the radiological release survey of Building 30B at the Grand Junction Office Facility

    International Nuclear Information System (INIS)

    The U.S. Department of Energy (DOE) Grand Junction Office (GJO) occupies a 61.7-acre facility along the Gunnison River near Grand Junction, Colorado. This site was contaminated with uranium ore concentrates and mill tailings during vanadium refining activities of the Manhattan Engineer District, and during sampling, assaying, pilot milling, storage, and brokerage activities conducted for the U.S. Atomic Energy Commission's domestic uranium procurement program. The DOE Defense Decontamination and Decommissioning Program established the GJO Remedial Action Project (GJORAP) to clean up and restore the facility lands, improvements, and underlying aquifer. WASTREN-Grand Junction is the site contractor for the facility and the remedial action contractor for GJORAP. Building 30B and the underlying soil were found not to be radiologically contaminated; therefore, the building can be released for unrestricted use. Placards have been placed at the building entrances indicating the completion of the radiological release survey and prohibiting the introduction of any radioactive materials within the building without written approvals from the GJO Facilities Operations Manager. This document was prepared in response to a DOE-GJO request for an individual final release report for each GJO building

  4. Final report of the radiological release survey of Building 11 at the Grand Junction Office Facility

    International Nuclear Information System (INIS)

    The U.S. Department of Energy (DOE) Grand Junction Office (GJO) occupies a 61.7-acre facility along the Gunnison River near Grand Junction, Colorado. This site was contaminated with uranium ore concentrates and mill tailings during vanadium refining activities of the Manhattan Engineer District, and during sampling, assaying, pilot milling, storage, and brokerage activities conducted for the U.S. Atomic Energy Commission's domestic uranium procurement program. The DOE Defense Decontamination and Decommissioning Program established the GJO Remedial Action Project (GJORAP) to clean up and restore the facility lands, improvements, and underlying aquifer. WASTREN-Grand Junction is the site contractor for the facility and the remedial action contractor for GJORAP. Building 11 and the underlying soil were found not to be radiologically contaminated; therefore, the building can be released for unrestricted use. Placards have been placed at the building entrances indicating the completion of the radiological release survey and prohibiting the introduction of any radioactive materials within the building without written approvals from the GJO Facilities Operations Manager. This document was prepared in response to a DOE-GJO request for an individual final release report for each GJO building

  5. INSURANCE MARKET. GENERAL CONSIDERATIONS OF INSURANCES IN ROMANIA

    Directory of Open Access Journals (Sweden)

    MARINEL NEDELUŢ

    2013-10-01

    Full Text Available Insurance is a contract made by a company or society, or by the state, to provide a guarantee for loss, damage, illness, death etc in return for regular payments. In other words it is a means by which one pays a relatively small known cost for protection against an uncertain and much larger cost. Still, this contract (insurance policy makes it possible for the insured to cover only losses that are measurable in terms of money and caused strictly by hazardous events, independent from own doing. If no such events should happen, the benefits won’t exist in a tangible, material form, but will take the shape of security against ruin. Since the insurance industry has developed more during the last decade due to the powerful players that have entered the market, the services provided by the insurance companies, and not only their products have evolved a lot in order to meet the requirements of the consumers, and to make them familiar with this type of investments. Therefore all the means of advertising became essential in this process of implementation and familiarization with this area of activity: mass-media advertising, insurance brokerage companies, the internet are all parts of this process.

  6. Treatment and trade or organic manures in the future

    Energy Technology Data Exchange (ETDEWEB)

    Verkuyten, J.C.A.M. [European Manure Association, EMA, Deventer (Netherlands)

    1997-08-01

    The manure market is dominated by both low prices and low quality. This current market does not favour the sustainable use of manures, nor does it favour innovation. First step in improving both manure quality and manure utilisation is optimizing the manure supply chain. A powerful instrument for this optimizing forms `certification of the links within the chain`. The successful marketing of the derivates requires technological and organisational innovation. A powerful instrument in successful marketing is `certification`. Through certification of the supply chain, as well as certification of the products, upgrading of the products is possible, leading to economical viable investments in waste treatment. Product certification leads furthermore to the possibility of positioning the products. A positive positioning of the products, differentiating it from `waste`, is essential for the desired investments by market parties. In this paper new ideas and developments on the Dutch manure market are presented. A new technology (v. Aspert plant), including the marketing concept as the derivates produced are presented. A profile on a manure brokerage organisation (MBO) and, on last year founded, European Manure association (EMA) are added. (au)

  7. Analysis of Intraday Trading of Index Option in Korean Option Market

    Directory of Open Access Journals (Sweden)

    Young-Hoon Ko

    2014-01-01

    Full Text Available The option market in South Korea began on 7 July 1997. After then, the amount of option market has increased steeply. In these days, average daily payments is beyond 1 trillion won. It is impossible to predict the market. But using the statistics, investors can get a profit steadly. The open interest contracts of index future has increased over 4000 after start time of a day and decrease down to about 0 when closing time. As for this characteristics of index future, Ko[1] suggested the volatility strategy and brought the result of simulation with the profit of 1.07 % per a day. This profit comes to real if an investor finds a brokerage firm with low commissions. This paper suggests another strategy. The price of options consists of time value and intrinsic value. And the fall of index future is faster than rising. Therefore velocity of moving index cause the price of options. The simulation results give a fascinating fact that put option tends to increase in the morning and call option tends to increase in the afternoon. With this velocity strategy, investors get the profit 1.4% per a day except commissions of 0.15% per one trade.

  8. Implementation of aggregation in the North American power industry

    International Nuclear Information System (INIS)

    One key to the impact of deregulation being transmitted to residential customers is the successful formation of aggregation groups and their expansion to include different classes of customers with convergent usage interests. This activity currently is being sponsored not only by for-profit brokerage entities, but also by associations of not-for-profit corporations such as hospitals and universities and by countries. The issues presented fall into several categories. (1) Technical rate taking--feasibility of making appropriate arrangements for alternative supply to consumers on a basis which appropriately reflects customer characteristics and also confers benefit on them all; (2) Legal--Compatibility of proposed arrangements with FERC wholesale regulation under Order No. 888 and emerging state regulation under the different restructuring regimes which their state utility commissions are implementing; (3) Marketing/Sociopolitical--Utilization of modern marketing techniques to effect the political consensus which is a precursor of alternative aggregation arrangements; (4) Financing--identification of capital costs; techniques for financing such costs, including monetization of the savings to be realized. The presentation will extrapolate the potential future significance of aggregation as a force in both restructuring and the development of merchant power projects. It will also assess the extent to which institutional, legal, technical or financial factors may modify the ultimate significance of aggression in the North American Power Industry

  9. Women and the Engineering Profession: the Stereotypical Engineer

    Science.gov (United States)

    Cory, Suzanne N.; Rezaie, Bahman

    The paucity of female engineers has been a problem for years, and most universities suffer from a lack of women majoring in engineering. It is possible that the stereotypical image or perceived gender of engineers may deter young women from considering a career in the field. In order to determine whether 1st-year college students held perceptions regarding personality traits and probable gender of an engineer, a survey was developed based on the Personality Factor (PF) questionnaire originally developed by Cattell (1943). Results indicate that personality traits most often associated with engineers were primarily masculine. Also, engineers were most often expected to be male, especially by the females in this study. Perceived personality traits and the probable gender of engineers were compared to those of 5 other professions: accountants, lawyers, physicians, insurance broker/agents, and computer and information systems specialists. Several differences in perceived personality traits were found. In addition, engineers were perceived as more likely to be male than members of all of the other occupations studied except computer and information systems specialists. Possible approaches to begin altering young women's perceptions of personality traits and the probably gender of a stereotypical engineer are discussed.

  10. Improving ATLAS grid site reliability with functional tests using HammerCloud

    International Nuclear Information System (INIS)

    With the exponential growth of LHC (Large Hadron Collider) data in 2011, and more coming in 2012, distributed computing has become the established way to analyse collider data. The ATLAS grid infrastructure includes almost 100 sites worldwide, ranging from large national computing centers to smaller university clusters. These facilities are used for data reconstruction and simulation, which are centrally managed by the ATLAS production system, and for distributed user analysis. To ensure the smooth operation of such a complex system, regular tests of all sites are necessary to validate the site capability of successfully executing user and production jobs. We report on the development, optimization and results of an automated functional testing suite using the HammerCloud framework. Functional tests are short lightweight applications covering typical user analysis and production schemes, which are periodically submitted to all ATLAS grid sites. Results from those tests are collected and used to evaluate site performances. Sites that fail or are unable to run the tests are automatically excluded from the PanDA brokerage system, therefore avoiding user or production jobs to be sent to problematic sites.

  11. E-CITY KNOWWARE: KNOWLEDGE MIDDLEWARE FOR COORDINATED MANAGEMENT OF SUSTAINABLE CITIES

    Directory of Open Access Journals (Sweden)

    Tamer E. El-Diraby

    2009-12-01

    Full Text Available The realization of e-city is a necessary component for achieving the green city. This paper outlines a vision for an e-city platform that is based on knowledge brokerage in the green city. The proposed platform will be a venue for creating dynamic virtual organizations to harness collective intelligence of knowledge hubs to analyze and manage sustainability knowledge in urban areas. Knowledge assets of participating organizations will be presented in three dimensions: process structures, human profile and software systems. These three facets of knowledge will be accessible and viewable through a self-describing mechanism. Cities can post their geospatial and real-time data on the net. Relevant environmental and energy-use data will be extracted using topic maps and data extraction services. Local decision makers can synchronize work processes (from participating hubs to create an integrated workflow for a new ad hoc virtual organization to collaboratively analyze the multifaceted nature of sustainable decision making. An e-city platform is envisioned in this paper that will be realized through intelligent, agent-like, domain-specific middleware (KnowWare. Through triangulation between people, software and processes, these KnowWare will discover, negotiate, integrate, reason and communicate knowledge (related to energy and environment from across organizations to the right person at the right time. KnowWare is fundamentally, a portal of social semantic services that resides on a cloud computing infrastructure. Knowware exploits thee main tools: 1 existing ontologies to represent knowledge in a semantic manner, 2 topic maps to profile sources of knowledge and match these to the complex needs of sustainability analysis, 3 domain-specific middleware for knowledge integration and reasoning.

  12. Managing the effects of multiple stressors on aquatic ecosystems under water scarcity. The GLOBAQUA project.

    Science.gov (United States)

    Navarro-Ortega, Alícia; Acuña, Vicenç; Bellin, Alberto; Burek, Peter; Cassiani, Giorgio; Choukr-Allah, Redouane; Dolédec, Sylvain; Elosegi, Arturo; Ferrari, Federico; Ginebreda, Antoni; Grathwohl, Peter; Jones, Colin; Rault, Philippe Ker; Kok, Kasper; Koundouri, Phoebe; Ludwig, Ralf Peter; Merz, Ralf; Milacic, Radmila; Muñoz, Isabel; Nikulin, Grigory; Paniconi, Claudio; Paunović, Momir; Petrovic, Mira; Sabater, Laia; Sabaterb, Sergi; Skoulikidis, Nikolaos Th; Slob, Adriaan; Teutsch, Georg; Voulvoulis, Nikolaos; Barceló, Damià

    2015-01-15

    Water scarcity is a serious environmental problem in many European regions, and will likely increase in the near future as a consequence of increased abstraction and climate change. Water scarcity exacerbates the effects of multiple stressors, and thus results in decreased water quality. It impacts river ecosystems, threatens the services they provide, and it will force managers and policy-makers to change their current practices. The EU-FP7 project GLOBAQUA aims at identifying the prevalence, interaction and linkages between stressors, and to assess their effects on the chemical and ecological status of freshwater ecosystems in order to improve water management practice and policies. GLOBAQUA assembles a multidisciplinary team of 21 European plus 2 non-European scientific institutions, as well as water authorities and river basin managers. The project includes experts in hydrology, chemistry, biology, geomorphology, modelling, socio-economics, governance science, knowledge brokerage, and policy advocacy. GLOBAQUA studies six river basins (Ebro, Adige, Sava, Evrotas, Anglian and Souss Massa) affected by water scarcity, and aims to answer the following questions: how does water scarcity interact with other existing stressors in the study river basins? How will these interactions change according to the different scenarios of future global change? Which will be the foreseeable consequences for river ecosystems? How will these in turn affect the services the ecosystems provide? How should management and policies be adapted to minimise the ecological, economic and societal consequences? These questions will be approached by combining data-mining, field- and laboratory-based research, and modelling. Here, we outline the general structure of the project and the activities to be conducted within the fourteen work-packages of GLOBAQUA. PMID:25005236

  13. Big russian oil round

    International Nuclear Information System (INIS)

    The departure of Mikhail Khodorkovsky has brought an end to the idyllic times of supplies of Russian oil to the MOL-Slovnaft group. The group used to purchase oil directly from Yukos. But now brokers have again entered the Central European oil business. And their aim is to take control over all of the oil business. The Russians demonstrated the changed situation to Slovakia last autumn: you will either accept the new model, or there will be problems with oil deliveries. Consumers got the message. The main brokers of Russian oil in Central Europe are the Swiss companies Glencore and Fisotra. Little information is available regarding these commodity brokers. But the information available is sufficient to indicate that these are not small companies. Glencore undertakes 3% of all international oil trades. With an annual turnover of 72 billions USD, it was the biggest Swiss company by turnover in 2004. Fisotra also has an extensive product portfolio. It offers financial and commercial services and does not hide its good relations with Russian oil companies. Between 1994 and 1998, it managed their financial operations with major western companies such as BP, Cargill, Elf, Exxon, Shell, Total, and Mutsubishi and also with Glencore. Fisotra states that some of its clients achieved an annual turnover of 1.5 billions USD. At present, the Swiss brokers receive a fee of 1 to 1.5 USD per barrel. The Russian political elite must be aware of these brokerage services as the oil transport through the transit system is closely monitored by the state owned company Transneft. (authors)

  14. Hierarchical sequencing of online social graphs

    Science.gov (United States)

    Andjelković, Miroslav; Tadić, Bosiljka; Maletić, Slobodan; Rajković, Milan

    2015-10-01

    In online communications, patterns of conduct of individual actors and use of emotions in the process can lead to a complex social graph exhibiting multilayered structure and mesoscopic communities. Using simplicial complexes representation of graphs, we investigate in-depth topology of the online social network constructed from MySpace dialogs which exhibits original community structure. A simulation of emotion spreading in this network leads to the identification of two emotion-propagating layers. Three topological measures are introduced, referred to as the structure vectors, which quantify graph's architecture at different dimension levels. Notably, structures emerging through shared links, triangles and tetrahedral faces, frequently occur and range from tree-like to maximal 5-cliques and their respective complexes. On the other hand, the structures which spread only negative or only positive emotion messages appear to have much simpler topology consisting of links and triangles. The node's structure vector represents the number of simplices at each topology level in which the node resides and the total number of such simplices determines what we define as the node's topological dimension. The presented results suggest that the node's topological dimension provides a suitable measure of the social capital which measures the actor's ability to act as a broker in compact communities, the so called Simmelian brokerage. We also generalize the results to a wider class of computer-generated networks. Investigating components of the node's vector over network layers reveals that same nodes develop different socio-emotional relations and that the influential nodes build social capital by combining their connections in different layers.

  15. Illicit Trafficking of Natural Radionuclides

    International Nuclear Information System (INIS)

    Natural radionuclides have been subject to trafficking worldwide, involving natural uranium ore (U 238), processed uranium (yellow cake), low enriched uranium (20% U 235), radium (Ra 226), polonium (Po 210), and natural thorium ore (Th 232). An important prerequisite to successful illicit trafficking activities is access to a suitable logistical infrastructure enabling an undercover shipment of radioactive materials and, in case of trafficking natural uranium or thorium ore, capable of transporting large volumes of material. Covert en route diversion of an authorised uranium transport, together with covert diversion of uranium concentrate from an operating or closed uranium mines or mills, are subject of case studies. Such cases, involving Israel, Iran, Pakistan and Libya, have been analyzed in terms of international actors involved and methods deployed. Using international incident data contained in the Database on Nuclear Smuggling, Theft and Orphan Radiation Sources (DSTO) and international experience gained from the fight against drug trafficking, a generic Trafficking Pathway Model (TPM) is developed for trafficking of natural radionuclides. The TPM covers the complete trafficking cycle, ranging from material diversion, covert material transport, material concealment, and all associated operational procedures. The model subdivides the trafficking cycle into five phases: (1) Material diversion by insider(s) or initiation by outsider(s); (2) Covert transport; (3) Material brokerage; (4) Material sale; (5) Material delivery. An Action Plan is recommended, addressing the strengthening of the national infrastructure for material protection and accounting, development of higher standards of good governance, and needs for improving the control system deployed by customs, border guards and security forces

  16. Syndication of the earth system: the future of geoscience?

    International Nuclear Information System (INIS)

    Current global change policy debate reverberates around the polarized extremes of civilization-level cooperation through treaties as a mitigation tactic, on the one hand, and a wait-and-see approach that may lead to a climatic tragedy of the commons, on the other. Meanwhile, energy technology research is rapidly generating a perception that it will be possible to tune the earth system via carbon sequestration and other types of biogeochemical engineering. The consequences of this potential for planetary management, based on provincial self-interest, include the transition of the earth sciences into a security industry involving proprietary scientific knowledge bases of biogeochemical cycling and the evolution of a climate-design brokerage dominated by military/industrial interests. As the dominant political powers perceive the potential for planetary engineering and consider implementation, the global economy will adjust to exploit new opportunities, perceptions of which will be determined by the quality of system simulations. The growth of a viable international climate-design community will profoundly influence the trajectory of the earth system by providing either the illusion or the reality of predictability. Although this process will be chaotic at first, the probability of stabilization will ultimately be enhanced because the vast resources of the military/industrial sector will become involved. These concepts are disturbingly familiar in that they acknowledge the pervasion of competition and conflict in human technological affairs. However, they are consistent with approaches used in thermodynamics, ecological energetics, behavioral evolution, economics, and interdisciplinary climate science to describe collectively the evolution of the earth system. This paper argues that the perception that the climate can be regulated inexpensively will create an economic driving force for international cartel-style management of the total earth system. That is, the earth

  17. Illicit Trafficking of Natural Radionuclides

    Science.gov (United States)

    Friedrich, Steinhäusler; Lyudmila, Zaitseva

    2008-08-01

    Natural radionuclides have been subject to trafficking worldwide, involving natural uranium ore (U 238), processed uranium (yellow cake), low enriched uranium (20% U 235), radium (Ra 226), polonium (Po 210), and natural thorium ore (Th 232). An important prerequisite to successful illicit trafficking activities is access to a suitable logistical infrastructure enabling an undercover shipment of radioactive materials and, in case of trafficking natural uranium or thorium ore, capable of transporting large volumes of material. Covert en route diversion of an authorised uranium transport, together with covert diversion of uranium concentrate from an operating or closed uranium mines or mills, are subject of case studies. Such cases, involving Israel, Iran, Pakistan and Libya, have been analyzed in terms of international actors involved and methods deployed. Using international incident data contained in the Database on Nuclear Smuggling, Theft and Orphan Radiation Sources (DSTO) and international experience gained from the fight against drug trafficking, a generic Trafficking Pathway Model (TPM) is developed for trafficking of natural radionuclides. The TPM covers the complete trafficking cycle, ranging from material diversion, covert material transport, material concealment, and all associated operational procedures. The model subdivides the trafficking cycle into five phases: (1) Material diversion by insider(s) or initiation by outsider(s); (2) Covert transport; (3) Material brokerage; (4) Material sale; (5) Material delivery. An Action Plan is recommended, addressing the strengthening of the national infrastructure for material protection and accounting, development of higher standards of good governance, and needs for improving the control system deployed by customs, border guards and security forces.

  18. A Voice of the US Southwestern Border: The 2012 “We the Border: Envisioning a Narrative for Our Future” Conference

    Directory of Open Access Journals (Sweden)

    Josiah McC. Heyman

    2013-08-01

    Full Text Available In July 2012, a diverse group of US residents living near the US-Mexico border met in El Paso, Texas for a conference entitled, We the Border: Envisioning a Narrative for Our Future.  This paper describes a vision for the US-Mexico border by diverse border residents that is at odds with the widespread view of the border as a threat to the United States. These border residents viewed their region as a set of human communities with rights, capacities, and valuable insights and knowledge. They embraced an alternative vision of border enforcement that would focus on “quality” (dangerous entrants and contraband over “quantity” (mass migration enforcement.  They called for investments in the functionality and security of ports of entry, rather than in between ports of entry.  They noted the low crime rate in US border cities, and examined how policies of not mixing local law enforcement with federal immigration enforcement contributed to this achievement. They saw the border region as the key transportation and brokerage zone of the emerging, integrated North American economy. In their view, the bilingual, bicultural, and binational skills that characterize border residents form part of a wider border culture that embraces diversity and engenders creativity. Under this vision the border region is not an empty enforcement zone, but is part of the national community and its residents should enjoy the same constitutional and human rights as other US residents. The conference participants emphasized the necessity and value of accountability and oversight of central government enforcement operations, and the need for border communities to participate in federal decision-making that affects their lives. 

  19. The role of 'green water' in floodplain water and landscape management

    Science.gov (United States)

    Flachner, Zsuzsanna; Pásztor, László; Bakacsi, Zsófia; Balogh, Péter

    2010-05-01

    Floodplains has a more and more recognized role in river basins, especially in region with high annual water deficit, such as the Central part of the Tisza river basin, Hungary. The former floodplain management (so called 'fok'- management) provided excellent opportunity for additional water supply and increased additional ecosystem services (harvesting nature) (Sendzimir et al., 2007). The present system suffers from several degradation processes, such as soil degradation, groundwater decline, loss of biodiversity and fragmentation of ecological networks, lower production of landscapes (Flachner, 2004). An integrated project was initiated with several research and civic partners in the Nagykörű micro region, in Central Tisza basin. The main objective is to investigate the potential benefits of revitalization of former (now disconnected) floodplains, with special attention on the soil, water and farming processes (www. icpdr.org). In the project methodology traditional soil and ecosystem monitoring methods are combined with new social transition assessment methods to investigate potential benefits of proposed land development measures at parcel and landscape level. The involved parties realized the importance of knowledge brokerage as well, to be able to develop joined methods, to share and combine methods and results. The assessment will lead to a less vulnerable production system, and on longer time scale improved ecosystem services in the Nagykörű area. In our paper the methodology and the expected results are presented with special focus on the role of the green water in the water budget at different scales. References: Flachner, Z. (2004) Water retention based landuse changes at the Bodrogköz area — ecological processes and economic measures. Cereal Research Communications 33. Sendzimir, J. and Z. Flachner (2007) Exploiting Ecological Disturbance Introduction In Farming with Nature: The Science and Practice of Ecoagriculture (eds Scherr, S. J. and J. A

  20. Nuclear-fuel-cycle facility deployment and price generation

    International Nuclear Information System (INIS)

    The enrichment process and how it is to be modeled in the International Nuclear Model (INM) is described. The details of enrichment production, planning, unit price generation, demand estimation and ordering are examined. The enrichment process from both the producer's and the utility's point of view is analyzed. The enrichment separative-work-unit (SWU) contracts are also discussed. The relationship of the enrichment process with other sectors of the nuclear fuel cycle, expecially uranium mining and milling is considered. There are portions of the enrichment process that are not completely understood at the present time. These areas, which require further study, will be pinpointed in the following discussion. In many cases, e.g., the advent of SMU brokerage activities, the answers will emerge only in time. In other cases, e.g., political trends, uncertainties will always remain. It is possible to cast the uncertainties in a probabilistic framework, but this is beyond the scope of this report. INM, a comprehensive model of the international nuclear industry, simulates the market decision process based on current and future price expectations under a broad range of scenario specifications. INM determines the proper reactor mix as well as the planning, operation, and unit price generation of the attendant nuclear fuel cycle facilities. The level of detail of many of the enrichment activities presented in this report, e.g., the enrichment contracts, is too fine to be incorporated into INM. Nevertheless, they are presented in a form that is ammendable to modeling. The reasons for this are two-fold. First, it shows the level of complexity that would be required to model the entire system. Second, it presents the structural framework for a detailed, stand-alone enrichment model

  1. Green Banking for Environmental Management: A Paradigm Shift

    Directory of Open Access Journals (Sweden)

    Kanak Tara

    2015-12-01

    Full Text Available The present era of industrialization and globalization has added a lot of comfort and luxury to human life but has also lead to an alarming situation of huge environmental degradation incorporated with all the involved activities. Today, the entire sector in the world economy is facing huge challenge to deal with the environmental problems and their related impacts in their day to day businesses. Not only the business firms have realized the importance of the environment but more than that an immense awareness is seen among the consumers and general public for the same. Due to all these reasons the business organizations have started modifying their activities and strategies so as to ensure protection to our natural resources and environment. In this context the financial sector and especially the banks can play an important role in promoting environmental sustainability. Sustainability is one of the most important factors driving the strategy making process of the business fraternity. Though we have realized very late that any development needs to be sustainable and equitable but the positivity lies in the fact that currently there has been an increasing concern for sustainable development among all the sectors in the economy including the financial sector. In financial sector, the various services that have adopted green business are banks, stock brokerage companies, credit card companies and also the companies of consumer finance. The concern for environmental sustainability has given mass recognition to the concept of corporate social responsibility. The potential benefits of the concept has gained the interest of the regulatory authorities, society, NGOs, employees, customers as well as the international bodies to the issue. In this regard, this concern for environmental sustainability by the banks has given rise to concept of Green Banking. In an emerging economy like India, environmental management needs to be the key focus area of the

  2. 关于当前财富管理与中国信托业转型发展策略研究%Research about the Transformation Development Strategy of the Current Wealth Management and Trust Industry in China

    Institute of Scientific and Technical Information of China (English)

    王婷婷; 张欢

    2016-01-01

    The rapid development of China’ s economy makes HNWIs growing, exuberant customization wealth management needs, which brought wealth and increase the value issue.On the other hand, Chi-na’ s fledgling wealth management, commercial banking, brokerage, insurance and other financial insti-tutions flocked to this“blue ocean”, but could not get rid of a single product homogenization of competi-tion and serious shortcomings, institutional strengths and wealth management business trust very fit, re-structuring and development of the trust may be provided.Trust should fully tap their institutional advan-tages, strengthen brand building, rich product type, force family trust, to meet the individual needs of high net worth population, innovative profit model, the formation of the core competitiveness, and should be embedded Internet thinking, speed up transformation and upgrading trust.%我国经济的快速发展一方面使得高净值人群日益扩大,个性化定制的财富管理需求旺盛,由此带来了财富保值、增值问题。另一方面,我国财富管理刚刚起步,商业银行、券商、保险等金融机构纷纷涌入这片“蓝海”,但摆脱不了产品单一且同质化竞争严重的弊病,而信托的制度优势与财富管理业务十分契合,为信托转型发展提供了可能。因此信托公司应充分挖掘自身制度优势,加强品牌建设,丰富产品类型,发力家族信托,满足高净值人群的个性化需求,创新盈利模式,形成核心竞争力,同时应嵌入互联网思维,加快信托转型升级。

  3. Free electrons; Les electrons libres

    Energy Technology Data Exchange (ETDEWEB)

    Nadeau, J.-B.

    2003-06-01

    Hydro-Quebec, Canada's leading exporter of electricity, generates 96 per cent of its electricity from hydropower. In 2002, the utility exported only 8 per cent of its annual output, but import-export and brokerage activities brought in $3.5 billion, representing more than 25 per cent of the total sales of $13 billion. Performance is improving, profitability is up and net exports are down. It was noted that on average, Hydro-Quebec pays $42.00 for each megawatt-hour and sells at $64. That is double the $27.90 paid by Quebec consumers. The traffic in energy blocks is controlled by hourly, daily and seasonal fluctuations. Power demand depends on the season, weather and consumption. It also depends on the power plants on stream in New England, available transmission lines and reservoir levels. Demand for electricity in Quebec is generally at its lowest in late June, at which time consumers in Ontario and New England states use their air conditioners creating a demand that peaks higher than in winter. Power producers are constantly monitoring weather patterns to determine which generating stations to fire up. Economic and demographic profiles in the New England states also affect demand. It is estimated that electricity demand in Ontario and New England markets will grow about 1.5 per cent. Other demand factors include grid commissioning and operating schedules which identify which facilities will be taken off stream temporarily for maintenance purposes. Information about water levels in reservoirs is kept confidential by all power producers. A hydropower plant can be put on stream or off stream on a few moments notice without added cost. The turbined water is free and it can also be stored. On the other hand, thermal generating stations such as oil-, coal- or nuclear-fired stations, can take days to power up or down. This renders adjustments in power production very costly. Open electricity markets mean that power system operators can stock smaller reserves

  4. Free electrons

    International Nuclear Information System (INIS)

    Hydro-Quebec, Canada's leading exporter of electricity, generates 96 per cent of its electricity from hydropower. In 2002, the utility exported only 8 per cent of its annual output, but import-export and brokerage activities brought in $3.5 billion, representing more than 25 per cent of the total sales of $13 billion. Performance is improving, profitability is up and net exports are down. It was noted that on average, Hydro-Quebec pays $42.00 for each megawatt-hour and sells at $64. That is double the $27.90 paid by Quebec consumers. The traffic in energy blocks is controlled by hourly, daily and seasonal fluctuations. Power demand depends on the season, weather and consumption. It also depends on the power plants on stream in New England, available transmission lines and reservoir levels. Demand for electricity in Quebec is generally at its lowest in late June, at which time consumers in Ontario and New England states use their air conditioners creating a demand that peaks higher than in winter. Power producers are constantly monitoring weather patterns to determine which generating stations to fire up. Economic and demographic profiles in the New England states also affect demand. It is estimated that electricity demand in Ontario and New England markets will grow about 1.5 per cent. Other demand factors include grid commissioning and operating schedules which identify which facilities will be taken off stream temporarily for maintenance purposes. Information about water levels in reservoirs is kept confidential by all power producers. A hydropower plant can be put on stream or off stream on a few moments notice without added cost. The turbined water is free and it can also be stored. On the other hand, thermal generating stations such as oil-, coal- or nuclear-fired stations, can take days to power up or down. This renders adjustments in power production very costly. Open electricity markets mean that power system operators can stock smaller reserves because

  5. Qué hace el cuidador familiar en el hospital: Cómo se ve a sí mismo y cómo lo ven los profesionales The role of the family caregivers in the hospital: Their self-concept and how they are seen by health professionals

    Directory of Open Access Journals (Sweden)

    Rafael Villar Dávila

    2012-03-01

    Full Text Available Los cuidadores familiares han sido ampliamente estudiados en el ámbito domiciliario y de la atención primaria pero prácticamente no existen estudios que incidan sobre su realidad dentro de los hospitales. Con un enfoque cuantitativo y diseño descriptivo transversal mediante el uso de cuestionarios validados al efecto realizado a familiares que cuidan a ancianos ingresados en los hospitales se conoce el perfil de los mismos, qué actividades realizan y qué valoración hacen de ellos los profesionales de enfermería. Como conclusiones principales destacar: a Las principales actividades del cuidador familiar en el hospital son de acompañamiento, entretenimiento, soporte emocional e intermediación. b El desconocimiento de la actividad inhiben al cuidador familiar a realizar más actividades. c Si se educa y entrena al cuidador familiar en las actividades de cuidado, se harán más. d Los profesionales desconocen lo que los familiares dicen que hacen. No consideran que muchas de las acciones del cuidador sean realmente cuidados. Creen que los cuidadores familiares no ayudan tanto como ellos esperan al cuidado básico de los ancianos ingresados.Family caregivers have been widely studied in the home and primary care but virtually do no exits studies which influence the reality in hospitals. With a quantitative approach and cross-sectional design using questionnaires validated for that purpose made to relatives who care for elderly people in hospitals is called the profile them, what activities do and what makes them value the nurses. As main findings include: a The main activities of family caregivers in the hospital are accompanying, entertainment, emotional support and brokerage. b Lack of activity inhibit the family caregiver to be more active. c If you educate and train the family caregiver in activities of care, will be more. d Professionals know what family members say they do. Do not think that many of the actions of the caregiver are

  6. Applying Social Network Analysis to Analyze a Web-Based Community

    Directory of Open Access Journals (Sweden)

    Mohammed Al-Taie

    2012-02-01

    Full Text Available this paper deals with a very renowned website (that is Book-Crossing from two angles: The first angle focuses on the direct relations between users and books. Many things can be inferred from this part of analysis such as who is more interested in book reading than others and why? Which books are most popular and which users are most active and why? The task requires the use of certain social network analysis measures (e.g. degree centrality. What does it mean when two users like the same book? Is it the same when other two users have one thousand books in common? Who is more likely to be a friend of whom and why? Are there specific people in the community who are more qualified to establish large circles of social relations? These questions (and of course others were answered through the other part of the analysis, which will take us to probe the potential social relations between users in this community. Although these relationships do not exist explicitly, they can be inferred with the help of affiliation network analysis and techniques such as m-slice. Book-Crossing dataset, which covered four weeks of users' activities during 2004, has always been the focus of investigation for researchers interested in discovering patterns of users' preferences in order to offer the most possible accurate recommendations. However; the implicit social relationships among users that emerge (when putting users in groups based on similarity in book preferences did not gain the same amount of attention. This could be due to the importance recommender systems attain these days (as compared to other research fields as a result to the rapid spread of e-commerce websites that seek to market their products online. Certain social network analysis software, namely Pajek, was used to explore different structural aspects of this community such as brokerage roles, triadic constraints and levels of cohesion. Some overall statistics were also obtained such as network

  7. 透明度变化对股票市场投资者委托单提交行为和交易成本影响研究

    Institute of Scientific and Technical Information of China (English)

    杨之曙; 黄诗杨; 王浩

    2012-01-01

    基于2003年12月8日沪深交易所交易前市场透明度改革背景,本文利用一家营业部的投资者报价和交易数据,研究同一个机构投资者和散户投资者在透明度改革前后委托单提交激进程度的变化,以及这种变化对其完成交易的成本的影响。我们发现,透明度改革前后,机构投资者的委托单提交激进程度都显著大于散户投资者的委托单提交激进程度。透明度增加以后,机构投资者的委托单激进程度显著减少,而散户投资者的委托单提交激进程度增加。同时发现,透明度增加以后,机构投资者通过分拆委托单,增加交易次数,导致完成交易的时间增加,但价格影响力基本没有变化,散户投资者的成交时间和价格影响力有显著改善。%On December 8, 2003 Shanghai and Shenzhen Stocks Exchanges announced to increase the market pre- trade transparency. Using one large brokerage house's individual and institutional investors' quote and transaction data, the paper analyzes the influence of pro - trade transparency on the order placement aggressiveness of individual as well as institutional investors, and their transaction costs. We find that order aggressiveness of institutional investors is always larger than that of individual investors before and after transparency increases. Further more, as the pre - trade transparency increases, the order aggressiveness of institutional investors' decreases significantly while that of the individual investors' increases. We also find that institutional investors control transaction costs through order splitting and more trades, but prolong their transaction time. In addition, our results indicate that greater pre - trade transparency reduces the transaction costs for individual investors significantly.

  8. Risk communication and informed consent in the medical tourism industry: A thematic content analysis of canadian broker websites

    Directory of Open Access Journals (Sweden)

    Crooks Valorie A

    2011-09-01

    Full Text Available Abstract Background Medical tourism, thought of as patients seeking non-emergency medical care outside of their home countries, is a growing industry worldwide. Canadians are amongst those engaging in medical tourism, and many are helped in the process of accessing care abroad by medical tourism brokers - agents who specialize in making international medical care arrangements for patients. As a key source of information for these patients, brokers are likely to play an important role in communicating the risks and benefits of undergoing surgery or other procedures abroad to their clientele. This raises important ethical concerns regarding processes such as informed consent and the liability of brokers in the event that complications arise from procedures. The purpose of this article is to examine the language, information, and online marketing of Canadian medical tourism brokers' websites in light of such ethical concerns. Methods An exhaustive online search using multiple search engines and keywords was performed to compile a comprehensive directory of English-language Canadian medical tourism brokerage websites. These websites were examined using thematic content analysis, which included identifying informational themes, generating frequency counts of these themes, and comparing trends in these counts to the established literature. Results Seventeen websites were identified for inclusion in this study. It was found that Canadian medical tourism broker websites varied widely in scope, content, professionalism and depth of information. Three themes emerged from the thematic content analysis: training and accreditation, risk communication, and business dimensions. Third party accreditation bodies of debatable regulatory value were regularly mentioned on the reviewed websites, and discussion of surgical risk was absent on 47% of the websites reviewed, with limited discussion of risk on the remaining ones. Terminology describing brokers' roles was

  9. Development of a Comprehensive Energy Service Business Model

    Energy Technology Data Exchange (ETDEWEB)

    Lee, S.K. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-11-01

    Traditionally, energy industry has been regarded as supply- oriented and characterized by its vertically integrated structure and monopolized market. In particular, network industries such as electricity, natural gas, and district heating and cooling, because of their large initial capital investments, were inevitably state-owned. As their sizes have ever increased, government-owned corporations are confronted with internal crises such as financial limitations, increasing internal transaction costs, etc. In addition to these internal problems, fundamental changes in the external environment such as advances in communication and modular technologies, globalization, and market liberalization have forced energy industries to undergo a restructuring process. Restructuring in the energy industry is intended to introduce competition in the market by unbundling the energy service into production, transportation, and distribution. The energy service has been vertically as well as horizontally integrated by suppliers. Restructuring, which has been implemented in the United States and the European countries, is now being introduced in Korea. However, energy services have not yet been regulated as a separate industry even in those countries which are well advanced in their restructuring. WTO negotiation is under way to separate the service sector in 'General Agreement on Tariffs and Trade(GATT).' Areas that can be categorized as a service sector are 17 subdivided sub-sectors as dispersed in each sector. Energy service business models expected to be emerged in the restructuring process of energy industry include: transmission/trunk pipeline projects, distribution/local pipeline projects, trading, brokerage, metering service, local distribution of natural gas, to name a few, for electricity and natural gas sectors; rational use of energy such as CES business and ESCOs for district heating and cooling, and energy conservation sector. Rational use of energy, in

  10. Content Analysis of E-Business Model Classifications%基于内容分析法的电子商务模式分类研究

    Institute of Scientific and Technical Information of China (English)

    柳俊; 王求真; 陈珲

    2011-01-01

    E-business model is a concept that describes the value-creation process of an enterprise, and becomes a top research area. Classification is the foundation of theory development and becomes a hot topic in the business model research. However, researchers have developed various e-business model classifications based on different classification criteria. As a result, these researchers cannot reach a consensus on basic issues about classification schemas.To resolve the issue, we first conduct a content analysis of articles, archived in the CNKI Chinese journal database, with the exact term "e-business model" in their titles or abstracts. The analysis shows that classification criteria used frequently by the articles include transactional subjects, Timmer' s interactive mode and degree of value chain integration, Rappa' s revenue and position in value chains, Mckinsey' s leading force in the market and Bambury' s new/old economy in sequence. In addition, we see the trend of decreasing number of articles using the two criteria of transaction subjects and leading force in the market. On the contrary, increasing number of articles is adopting the criteria of interactive mode, the degree of value chain integration, new/ old economy, and revenue and position in the value chain. These trends indicate that researchers need more practical, specific, and comprehensive classification schemas to guide e-business practices. Moreover, this trend is consistent with the value creation essence and the development tendency of e-business model concepts. The well-diffused classification criteria focus on the value creation approaches and processes. In addition, the analysis of e-business categorization identifies popular e-business models, such as virtual community, trust services, information brokerage, digital library. We also find that there exist a high correlation between specific classifications, and an overlapping phenomenon among categorizations. These issues in classification

  11. Ideological background of empirical ignorance%论文化政策研究中实证研究的缺失

    Institute of Scientific and Technical Information of China (English)

    Vesna Copie[斯洛文尼亚; 马绯璠(编译)

    2012-01-01

    The increasing need by politicians, in the second half of the last century, for evidence as a basis for decision making has led to the emergence of policy analysis as a new discipline. Since then the use of policy analysis has been shifting from core state sectors to others, including cultural policies. Policy analysis is becoming an instrument in making cultural policy an effective activity. However, there are many obstacles to the development of new agendas, strategies and mechanisms for research in, of and for cultural policy. This article concentrates on those impediments to cultural policy research that are con- nected to the ideological dimension of cultural policy. They are reflected in the following points: ( 1 ) gov- ernments too often deal uncritically with the arts as a domain of national interest; (2) contradicting the notion of public policy, cultural policy is conceived as a policy for culture as an autonomous field; (3) due to a strong functional differentiation the cultural sector has restructured itself as a highly specialized (sub) sector of society where autopoesis makes any outside observation a rather futile, even noxious, in- tervention; (4) the cultural administration favours complex administrative procedure and audits as princi- ples of social organization and control; and (5) the mechanism of collective peer review in the allocation of public funds can very easily be misused as an alibi for cultural indifference of the politicians. These five points result, it is argued, in passive cultural policy and poor cultural policy research. In order to demystify cultural policy, more facts, figures and arguments should be brought into the cultural policy making. Mediation between internally and externally heterogeneous groups of researchers, policy makers and cultural insiders is needed, a kind of brokerage agency that could bridge this gap and actuate the pro- cess of de - differentiation between culture and society. The

  12. CASES ON GLOBAL E-LEARNING PRACTICES:Successes and Pitfalls

    Directory of Open Access Journals (Sweden)

    Reviewed by Yavuz AKBULUT

    2007-10-01

    a new generation of distance education, which provides opportunity for both synchronous and asynchronous interaction among the stakeholders of the instruction process. The chapter also enlightens the readers in terms of the benefits of e-learning, design and development of e-learning systems and pedagogy of e-learning. Section I: Cases on Completely Online Learning Systems Chapter 1: Online Learning with the Use of WebCT VistaIn the chapter, authors offer reflections on various aspects of the use of WebCT Vista in online business education at Marshall University, U.S. It is claimed that if adequate technology, support and the cooperation of educational administrators are sustained, WebCT Vista can improve the current educational practices remarkably. Besides, it is argued that WebCT contributes to the effectiveness of distance learning by improving students’ critical thinking, problem solving, decision making, written communication, organization and analytical skills. Students’ feedback regarding their learning outcomes is also examined which reveals that most students positively evaluated the effect of WebCT on their learning. Chapter 2: Combining Synchronous and Asynchronous Distance Learning for Adult Training in Military Environments In the chapter, the territorial dispersion of military personnel in large geographical areas is presented as a major problem of military training. The traditional training camps require officers to gather in training camps and attend the lessons, which oblige them to leave their units. Such an approach is considered extremely costly. Thus, distance learning techniques are believed to solve such problems. A pilot study which aimed to train officers through a computer-based distance-learning system is presented along with the implementation, results and overall assessment of the study. Chapter 3: A Case Study on Education Networks and Brokerage The chapter maintains that the educational market is influenced by the increasing