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Sample records for compuestos organicos volatiles

  1. Volatile organic compound (VOC) determination in working atmospheres; Determinacion de compuestos organicos volatiles (VOC) en ambiente laboral

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    Blass A, Georgina; Panama T, Luz A; Corrales C, Deyanira [Instituto de Investigaciones Electricas, Cuernavaca, Morelos (Mexico)

    2003-07-01

    The present work describes, in a synthesized way, the implementation and application of procedures based on the normativity related to the subject of the volatile organic compounds (Volatile Organic Compounds VOC), that allow to sample, quantify and evaluate the present contamination in the working atmosphere of a refinery due to the fugitive emissions of VOC and other substances. In accordance with the corresponding normativity, more than 189 organic compounds denominated dangerous air polluting agents (Hazardous Air Pollutants, HAP) can be found in a working atmosphere, but they are the 11 main HAP that can be found in a refinery. In the present article the work made for the sampling and quantification of 5 of the 11 dangerous polluting agents of the air: benzene, toluene, xylene, iso-octane and naphthalene. [Spanish] El presente trabajo describe, de manera sintetizada, la implementacion y aplicacion de procedimientos basados en la normatividad relacionada al tema de los compuestos organicos volatiles (Volatil Organic Compounds, VOC), que permiten muestrear, cuantificar y evaluar la contaminacion presente en el ambiente laboral de una refineria debido a las emisiones fugitivas de VOC y otras sustancias. De acuerdo con la normatividad correspondiente, mas de 189 compuestos organicos denominados contaminantes peligrosos del aire (Hazardous Air Pollutants, HAP), pueden ser encontrados en un ambiente laboral, pero son 11 los principales HAP que pueden ser hallados en una refineria. En el presente articulo se informa el trabajo realizado para el muestreo y cuantificacion de 5 de los 11 contaminantes peligrosos del aire: benceno, tolueno, xileno, iso-octano y naftaleno.

  2. Modelamiento de adsorción y desorción de compuestos orgánicos volátiles COV´s sobre materiales microporosos para el tratamiento y recuperación de efluentes provenientes de procesos industriales

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    Camargo Trillos, Diego Alejandro

    2011-01-01

    Las emisiones de compuestos organicos volatiles o COV’s, han despertado un gran interes en las autoridades ambientales alrededor del mundo por el gran impacto que estos presentan en la salud humana y la calidad del aire en las grandes ciudades. Los limites permisibles de estas emisiones industriales cada vez son mas exigentes en Colombia, obligando a las industrias a implementar sistemas de control de emisiones. Entre varias tecnologias de control para corrientes de COV en efluentes indust...

  3. Volatile organic compounds emissions from gasoline and diesel powered vehicle

    Energy Technology Data Exchange (ETDEWEB)

    Mugica, V [Universidad Autonoma Metropolitana, Mexico, D.F. (Mexico); Vega, E; Sanchez, G; Reyes, E; Arriaga, J. L [Instituto Mexicano del Petroleo, Mexico, D.F. (Mexico); Chow, J; Watson, J; Egami, R [Desert Research Institute, Reno, NV (United States)

    2001-01-01

    In this research, volatile organic compound emissions were characterized from gasoline and diesel vehicles. Sampling campaigns in the Metropolitan Area of Mexico City were designed and carried out in tunnels, crossroads, and truck and bus terminals. The samples were analyzed with gas chromatography getting more than 250 different compounds, being more or less 60 of them the 80% of all the emissions. The most abundant are the two carbon compounds, as a result of the combustion, and compounds related to fuels compositions, like isopentane, xylenes, toluene among others. The profiles obtained in tunnels and crossroads were very similar with the exception of the 3 and 4 carbon compounds, which were found in bigger proportion in the profiles at crossroads. This may probably be due to the blend with the ambient air. The profiles corresponding to trucks and buses have a smaller content of two carbon compounds and a bigger content of xylenes, toluene and ethylbenzene. The variations in the proportions of the compounds allow differentiating the profiles of vehicles using gasoline and diesel. [Spanish] En este trabajo se caracterizaron las emisiones de compuestos organicos volatiles provenientes de vehiculos a gasolina y a diesel. Para ello, se disenaron diversas campanas de muestreo en la zona Metropolitana de la Ciudad de Mexico, en tuneles, cruceros y estaciones de camiones de carga y autobuses. Las muestras se analizaron con cromatografia, de gases obteniendose mas de 250 compuestos distintos, de los cuales aproximadamente 60 corresponden a mas del 80% de las emisiones. Los compuestos mas abundantes son los de dos carbonos, resultado de la combustion, y 4 carbonos que se encontraron en mayor proporcion en los perfiles de cruceros, lo cual se debe probablemente a la mezcla con el aire ambiente. Los perfiles correspondientes a camiones de carga y autobuses tienen un menor contenido de compuestos de dos carbonos y un mayor contenido de xilenos, tolueno y etilbenceno. Estas

  4. Volatile Compounds in Honey Produced in the Central Valley of Ñuble Province, Chile Compuestos Volatiles en Miel Producida en el Valle Central de la Provincia de Ñuble, Chile

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    María Pía Gianelli Barra

    2010-03-01

    Full Text Available Headspace solid-phase microextraction (SPME with an 85 µm Carboxen polydimethylsiloxane (CAR/PDMS fiber was used to extract volatile compounds, and a gas chromatograph equipped with a mass spectometry detector (GC-MS was used to identify the volatile compounds in honeys. Thirty-four different volatile compounds from the headspace of honey produced in the central valley of Ñuble Province, Chile, were extracted with fiber coating CAR/PDMS. The identified compounds were: 10 alcohols, 9 acids, 6 ketones, 3 aldehydes, 2 furans, 2 terpenes and 2 lactones. Only four of the volatile compounds had never been reported before as honey compounds; these being: 1,3-propanodiol, 2-methyl butanoic acid, 3,4-dimethyl-3-hexen-2-one, and 6-methyl-5-octen-2-one. These four compounds were found in three of the 10 analyzed samples. The compounds found in the highest percentage of area were ethanol, acetic acid, 1-hydroxy-2-propane, 3-hydroxy-2-butane, and furfural. However, the analyzed samples did not present a distinctive profile.La extracción de compuestos volátiles desde el espacio de cabeza de mieles se realiza mediante microextracción en fase sólida (SPME, utilizando una fibra de 85 µm de Carboxen polidimetilsiloxano (CAR/PDMS, el análisis de los compuestos volátiles se realiza mediante cromatografía de gases con detector de masa (GC-MS. Un total de 34 diferentes compuestos volátiles fueron extraídos desde el espacio de cabeza de mieles provenientes del valle central de la provincia de Ñuble con la fibra de CAR/PDMS. Los compuestos identificados fueron 10 alcoholes, 9 ácidos, 6 cetonas, 3 aldehídos, 2 furanos, 2 terpenos y 2 lactonas. De los compuestos volátiles sólo tres no han sido reportados con anterioridad en mieles, estos compuestos fueron: 1,3-propanodiol, ácido 2-metil butanoico, 3,4-dimetil-3-hexen-2-ona, 6-metil-5-octen-2-ona. Estos cuatro compuestos se encontraron en sólo tres de las 10 muestras analizadas. Los compuestos que se

  5. Analysis of volatile compounds from Iberian hams: a review

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    Narváez-Rivas, M.

    2012-10-01

    Full Text Available This article provides information on the study of the volatile compounds in raw and dry-cured Iberian hams. Different volatile compounds are identified and studies carried out by different authors are presented. This article reviews the analytical methods that have been used to determine the different volatiles of these samples. Furthermore, all volatile compounds identified (a total of 411 volatiles have been collected in several tables according to different series of compounds: hydrocarbons, aldehydes, ketones, alcohols, esters and ethers, lactones, terpenes and chloride compounds, nitrogenous compounds, sulfur compounds and carboxylic acids. This review can be useful in subsequent research due to the complexity of the study.

    En este artículo se proporciona información sobre el estudio de los compuestos volátiles del jamón ibérico tanto fresco como curado. Se presentan los diferentes compuestos volátiles identificados por distintos autores. Además, se evalúan los métodos analíticos que han sido utilizados para determinar dichos compuestos volátiles en este tipo de muestras. Todos los compuestos identificados y descritos en esta revisión (un total de 411 compuestos volátiles han sido agrupados en diversas tablas de acuerdo a las diferentes familias a que pertenecen: hidrocarburos, aldehídos, cetonas, alcoholes, ésteres y éteres, lactonas, terpenos, compuestos halogenados, compuestos nitrogenados, compuestos de azufre y ácidos carboxílicos. Debido a la complejidad de este estudio, la presente revisión puede ser muy útil en investigaciones posteriores.

  6. Análisis de compuestos volátiles en cilantro ( L. Análisis de compuestos volátiles en cilantro (Coriandrum sativum L.

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    Tábata Rosales-Reyes

    2012-02-01

    Full Text Available In the present study, volatile compounds were recovered from the fresh leaves and stems ofcilantro (Coriandrum sativum L. by two methods: Liquid-Solid Extraction (LSE and SimultaneousDistillation-Extraction (SDE. The identification and quantification was done byGas Chromatography-Mass Spectrometry (GC-MS. Fourteen compounds were characterizedby LSE and GC-MS; whereas by SDE and GC-MS, they were twenty three compounds.The statistical analysis revealed significant quantitative differences (p ≤ 0,05 between theanalyzed techniques (LSE and SDE. In this work, the Simultaneous Distillation-Extractionshowed the greater identification and total concentration of volatile compounds. Aldehydes,monoterpenes, and alcohols comprised 78% of the volatile found for two methods, the restwere hydrocarbons. (E-2-decenal was the most abundant compound in cilantro in bothextraction techniques. En el presente estudio se recuperaron los compuestos volátiles de las hojas y los tallos frescos de cilantro (Coriandrum sativum L. mediante dos métodos: Extracción Sólido Líquido (LSE y Extracción-Destilación Simultánea (SDE. La identificación y cuantificación fue por Cromatografía de Gases-Espectrometría de Masas (GC-MS. Se caracterizaron catorce compuestos por LSE y GC-MS; mientras que por SDE y GC-MS, fueron veintitrés compuestos. El análisis estadístico reveló significativas diferencias cuantitativas (p ≤ 0,05 entre las técnicas analizadas (LSE y SDE. En este trabajo, la Extracción-Destilación Simultánea arrojó la mayor identificación y concentración total de compuestos volátiles. Los aldehídos, monoterpenos y alcoholes comprendieron el 78% de los volátiles encontrados por los dos métodos, el resto fueron hidrocarburos. En ambas técnicas de extracción el (E-2-decenal fue el compuesto más abundante en el cilantro.

  7. Respuesta de Anopheles albimanus a compuestos volátiles de casas del sur de Chiapas, México Behavioral response of Anopheles albimanus to volatile compounds collected inside houses from the south of Chiapas, Mexico

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    Silvany Mayoly Ríos-Delgado

    2008-10-01

    Full Text Available OBJETIVO: Determinar el efecto de los compuestos volátiles en las casas sobre la respuesta conductual del vector del paludismo Anopheles albimanus. MATERIAL Y MÉTODOS: El estudio se realizó en enero de 2006 en el ejido Nueva Independencia, municipio de Suchiate, Chiapas. Se colectaron compuestos volátiles dentro de casas y los extractos se probaron sobre hembras sin alimentar en un olfatómetro en "Y". Los extractos se analizaron mediante cromatografía de gases-espectrometría de masas (CG-EM. RESULTADOS: Se obtuvieron 28 extractos, 12 presentaron respuesta de atracción y dos de repelencia. Los análisis por CG-EM indicaron variación en la presencia de compuestos volátiles y no se vincularon con compuestos específicos indicativos de algún efecto. CONCLUSIONES: Los volátiles en casas presentaron efecto de atracción y repelencia para An. albimanus. No se reconoció un patrón definido en cuanto a la presencia de compuestos químicos característicos y la respuesta obtenida.OBJECTIVE: To determine effects of volatile compounds in homes on the behavioral response of Anopheles albimanus. MATERIAL AND METHODS: The study was conducted in January 2006, in the village of Nueva Independencia village, Suchiate, Chiapas. Volatile compounds were collected inside homes and the extracts were tested on unfed females in a Y-olfactometer. Extracts were analyzed in a gas chromatography-mass spectrometry system (GC-MS. RESULTS: Twenty eight extracts were obtained, twelve presented attraction and two repellency responses. GC-MS analyses of the extracts indicated variation in the volatile compound present in the extracts, but could not associated specific compounds with any particular effect. CONCLUSIONS: Within homes, volatiles presented attraction and repellency responses to An. albimanus. A definate pattern concerning the presence of a characteristic chemical compound and the observed response was not found.

  8. Bioensayo microbiano para estimar los nutrimentos disponibles en los abonos organicos: calibracion en el campo

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    Eduardo Salas

    2001-01-01

    Full Text Available Se demostr6 recientemente que el aumento nude la biomasa microbiana en una mezcla de sue- calo: abono organico (9:1, suplementada con gluco- sa como fuente de carbono, fue proporcional al crecimiento de una planta indicadora (sorgo cre- cida en el mismo sustrato. En la presente investi- gaci6n se determina si este bioensayo es de utili- dad como gufa en la fertilizaci6n de los cultivos con abonos organicos, mediante la siembra en el campo de chile dulce (Capsicum annuum L. y to- mate (Lycopersicum esculentum L. como plantas indicadoras. Los tratamientos consistieron de sue- 10 solo 0 en mezcla con 10% de abonos organicos amende contenido de nutrimentos contrastante a saber: pollinaza (CM, compost (C, bocashi (B, vermi- macompost (V y broza de cafe (Br. En el bioensa- vermicomyo microbiano se utiliz6 un disefio de bloques randocompletos al azar con 6 repeticiones, la biomasa microbiana (BM se midi6 2 dfas despues de in- cubar con glucosa. En los ensayos de campo las plantas indicadoras se sembraron en un disefio de bloques completos al azar con 4 repeticiones. En chile dulce se midi6 el peso seco (600 C de la comparte aerea de la planta (PSC y el peso fresco de frutos verdes (PFF a los 97 dfas despues de la Microsiembra. El peso seco de la parte aerea de las amendplantas de tomate (PST fue medido a los 32 dfas. Los abonos organicos CM, C y B indujeron la mayor BM y tambien el mayor PSC, PFF Y PST, indicaci6n de que fueron los de mayor y mas in- mediato suministro de nutrimentos, contrario al y Br que mostraron los valores mas bajos para es- tas variables (P<0.05. Estos 2 abonos, respecto vatratamiento de CM presentaron 3 y 5 veces menos BM y 2 Y 4 veces menos biomasa aerea, respecti- vamente (P<0.05. Las correlaciones altas obteni- codas entre la BM y el PSC (r=0.87 y entre la BM y el PST (r= 0.93, permiten concluir que bioensayo microbiano es un metoda promisorio para pronosticar el suministro de nutrimentos orlos abonos organicos a los cultivos

  9. Changes in SPME-extracted volatile compounds from Iberian ham during ripening

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    García, Carmen

    2009-07-01

    Full Text Available A headspace SPME procedure was tested to study the evolution of volatile compounds during the ripening of Iberian hams from pigs reared in a Montanera system (outdoorbased, with acorn and pasture available and a HO-Pienso system (indoor-based, with a high oleic acid concentrate. The effect of the ripening time on volatile compounds was more marked than the effect of feeding system. Most volatile compounds affected by the ripening time were compounds that come from Strecker and Maillard reactions, which increased significantly ( p Un procedimiento de microextración en fase sólida (SPME en espacio de cabeza fue ensayado para estudiar la evolución de los compuestos volátiles durante la curación de Jamones Ibéricos de cerdos criados en régimen de montanera (en libertad, con bellotas y pasto disponible y un sistema OH-Pienso (estabulados, con un pienso alto en ácido oléico. El efecto del tiempo de curación en los compuestos volátiles fue más marcado que el efecto de la alimentación. La mayoría de los compuestos volátiles afectados por el tiempo de curación fueron compuestos que proceden de la reacción de Strecker y Maillard, que se incrementaron significativamente (p p < 0.05. Algunos de ellos (ácido butanoico, 2,6- dimetilpiracina y 1-octen-3-ol fueron más abundantes en jamones de Montanera que en jamones de Pienso. Estas pequeñas diferencias podrían ser importantes porque los compuestos involucrados han sido identificados como aromas del jamón Ibérico.

  10. Volatile aromatic compounds in Mexico City atmosphere: levels and source apportionment

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    Mugica, V. [Universidad Autonoma Metropolitana - Unidad Azcapotzalco, Mexico, D.F. (Mexico); Ruiz, M.E. [Instituto Mexicano del Petroleo, Mexico, D.F. (Mexico); Watson, J.; Chow, J. [Desert Research Institute, Reno, Nevada (United States)

    2003-01-01

    Samples of ambient air were simultaneously collected at three different sites of Mexico City in March of 1997 in order to quantify the most abundant volatile aromatic compounds and estimate the source contributions by application of the chemical mass balance model (CMB). Volatile aromatic compounds were around 20% of the total of non-methane hydrocarbons present in morning air samples. The most abundant volatile aromatic species in urban air were toluene and xylenes followed by 1, 2, 4 trimethylbenzene, benzene, ethylbenzene, metaethyltoluene, 1, 3, 5 trimethylbenzene, styrene, n propylbenzene, and isopropylbenzene. Sampling campaigns were carried out at crossroads, a bus station, a parking place, and areas where solvents and petroleum distillates are used, with the objective of determining people's exposure to volatile aromatic compounds. The CMB was applied for estimating the contribution of different sources to the presence of each one of the most abundant aromatic compounds. Motor vehicle exhaust was the main source of all aromatic compounds, especially gasoline exhaust, although diesel exhausts and asphalt operations also accounted for toluene, xylenes, ethylbenzene, propylbenzenes, and styrene. Graphic arts and paint applications had an important impact on the presence of toluene. [Spanish] Se colectaron simultaneamente muestras de aire ambiente en tres sitios de la Ciudad de Mexico durante el mes de marzo de 1997 con el fin de conocer las concentraciones y el origen de compuestos aromaticos utilizando el modelo de balance de masa de especies quimicas (CMB). Los compuestos aromaticos volatiles representaron alrededor del 20% del total de hidrocarburos no metalicos presentes en las muestras matutinas colectadas. Las especies aromaticas volatiles mas abundantes en el ambiente fueron el tolueno y los xilenos, seguidos por 1, 2, 4 trimetilbenceno, benceno, etilbenceno, metaetiltolueno, nporpilbenceno, isopropilbenceno, 1, 3, 5 trimetilbenceno y estireno. Se

  11. Microextracción en fase sólida de compuestos volátiles en albahaca (Ocimum basilicum L. Microextracción en fase sólida de compuestos volátiles en albahaca (Ocimum basilicum L.

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    Isaac Andrade-González

    2012-02-01

    Full Text Available Volatile compounds of basil (Ocimum basilicum L. were extracted with solid phase microextraction(SPME and analyzed with gas chromatography-mass spectrometry (GC-MS. TwoSPME fiber coatings, Polydimethylsiloxane/Divinylbenzene (PDMS/DVB, 65 μm and Carbowax/Divinylbenzene (CW/DVB, 65 μm were evaluated in order to compare the extraction ofcomponents. Among the 25 volatile compounds detected were phenylpropanoids, monoterpenes,sesquiterpenes, esters, and aldehydes. There were significant (P Los compuestos volátiles de la albahaca (Ocimum basilicum L. fueron extraídos mediante la microextracción en fase sólida (SPME y analizados con cromatografía de gases-espectrometría de masas (GC-MS. Se evaluaron dos fibras, Polidimetilsiloxano/Divinilbenceno (PDMS/DVB, 65 μm y Carbowax/Divinilbenceno (CW/DVB, 65 μm, para comparar la extracción de componentes. Entre los 25 compuestos volátiles recuperados en la albahaca, se identificaron fenilpropanoides, monoterpenos, sesquiterpenos, ésteres, y aldehídos. Hubieron diferencias significativas (P Cuantitativamente, el componente más importante fue el cinamato de metilo, seguido por el linalol.

  12. The role of the canonical biplot method in the study of volatile compounds in cheeses of variable composition

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    González-Martín, M. I.

    2016-03-01

    Full Text Available The canonical biplot method (CB is used to determine the discriminatory power of volatile chemical compounds in cheese. These volatile compounds were used as variables in order to differentiate among 6 groups or populations of cheeses (combinations of two seasons (winter and summer with 3 types of cheese (cow, sheep and goat’s milk. We analyzed a total of 17 volatile compounds by means of gas chromatography coupled with mass detection. The compounds included aldehydes and methyl-aldehydes, alcohols (primary, secondary and branched chain, ketones, methyl-ketones and esters in winter (WC and summer (SC cow’s cheeses, winter (WSh and summer (SSh sheep’s cheeses and in winter (WG and summer (SG goat’s cheeses. The CB method allows differences to be found as a function of the elaboration of the cheeses, the seasonality of the milk, and the separation of the six groups of cheeses, characterizing the specific volatile chemical compounds responsible for such differences.El m.todo biplot can.nico (CB se utiliza para determinar el poder discriminatorio de compuestos qu.micos vol.tiles en queso. Los compuestos vol.tiles se utilizan como variables con el fin de diferenciar entre los 6 grupos o poblaciones de quesos (combinaciones de dos temporadas (invierno y verano con 3 tipos de queso (vaca, oveja y cabra. Se analizan un total de 17 compuestos vol.tiles por medio de cromatograf.a de gases acoplada con detecci.n de masas. Los compuestos incluyen aldeh.dos y metil-aldeh.dos, alcoholes (primarios de cadena, secundaria y ramificada, cetonas, metil-cetonas y .steres. Los seis grupos de quesos son, quesos de vaca de invierno (WC y verano (SC; quesos de oveja de invierno (WSh y verano (SSh y quesos de cabra de invierno (WG y verano (SG. El m.todo CB permite la separaci.n de los seis grupos de quesos y encontrar las diferencias en funci.n del tipo y estacionalidad de la leche, caracterizando los compuestos qu.micos vol.tiles espec.ficos responsables de

  13. Evaluación de rendimiento de compuestos de ajo tipo Taiwán Evaluación de rendimiento de compuestos de ajo tipo Taiwán

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    Briseida Mendoza Celedón

    2012-02-01

    Full Text Available Se evaluó el rendimiento y variables de calidad de compuestos de ajo (Allium sativum L., durante el ciclo otoño-invierno 2008-2009, en San Luis de la Paz, Gto., México. Se emplearon compuestos de ajo del tipo Taiwán, con resultados variables de acuerdo a su genotipo. Entre los compuestos sobresalieron por su altura de planta, rendimiento de bulbo, mayor peso promedio de bulbo y menor número de dientes por bulbo los siguientes: el Compuesto 4 (El pato, bodegas, Salamanca, Gto., el Compuesto 5 (Santa Teresa, tabla III, Salamanca, Gto., y el Compuesto 1 (Ajo sano, varias regiones del Edo. de Gto.. Es importante continuar con el programa de mejoramiento genético de ajo para el estado de Guanajuato, basado en selección de nuevas líneas de entre los compuestos mejores y con ayuda de técnicas como la eliminación de virus, para mejorar rendimiento y calidad del ajo. Field yield and bulb quality of garlic (Allium sativum L. compounds were evaluated during the 2008-2009 fall-winter cycle at the San Luis de la Paz, Gto., Mexico. Taiwan compounds were evaluated with variable results, depending on the genotype. Best plant height, bulb yield, higher weight per bulb and smaller clove number per bulb were obtained with: Compuesto 4 (El pato, bodegas, Salamanca, Gto., Compuesto 5 (Santa Teresa, tabla III, Salamanca, Gto., and Compuesto 1 (Ajo sano, varias regiones del Edo. de Gto.. It is important to continue with the program of garlic genetic breeding to Guanajuato state, based on selection of new garlic lines derived from the best compounds and using techniques as the virus elimination for improving yield and quality.

  14. Determination of Soursop (Annona muricata L. cv. Elita Fruit Volatiles during Ripening by Electronic Nose and Gas Chromatography Coupled to Mass Spectroscopy / Determinación de Compuestos Volátiles en Frutos de Guanábana (Annona muricata L. cv. Elita, d

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    Carlos Julio Márquez Cardozo

    2013-12-01

    Full Text Available La guanábana (Annona muricata L. es una frutatropical exótica que se cultiva comercialmente en Colombia. Su condición altamente perecedera justifica los estudios de manejo en poscosecha. Por esta razón, la evaluación de la maduración se hizo en primer lugar, por un sistema de medición de compuestos volátiles conocido como nariz electrónica (NE y por otro lado mediante cromatografía de gases acoplada a espectrometría de masas mediante microextracción en fase sólida del espaciode cabeza (CG-EM/MEFS. El estudio del perfil de sustanciasvolátiles en las frutas es uno de los principales indicadores de los atributos sensoriales que tipifica la calidad organoléptica de los vegetales. La NE se constituye en una alternativa rápida, novedosa, económica y relativamente simple para determinar grupos de sustancias volátiles en frutos de interés comercial, bien sea enteros o en fracciones. En contraste, el uso de laCGEM/MEFS puede verse limitado por su alto costo, no obstante ser una técnica altamente selectiva. Con base en la evaluación de la pulpa realizada con NE fue posible clasificar el estado de madurez de las frutas así: inmaduro, madurez intermedia, maduro y sobremaduro, siendo los sensores de mayor impacto el 2 (reactivo con óxidos de nitrógeno, el 6 (sensible al metano y el 8 (sensiblea alcoholes y compuestos parcialmente aromáticos. Por CG-EM/ MEFS, se logró establecer que durante la etapa de poscosecha, la mayor proporción de compuestos volátiles pertenece al grupo de los ésteres, predominando el Hexanoato de metilo. De manera particular en frutas sobremaduras, la presencia de compuestosalcohólicos, coincide con la evaluación hecha con la NE, lacual mostró sensibilidad a alcoholes y compuestos aromáticos de amplio rango para las frutas evaluadas. El estudio realizado aporta a la caracterización en poscosecha de los volátiles, uno de los principales atributos sensoriales en las frutas tropicales. /As an exotic

  15. Infinitivo simple y compuesto con predicados declarativos

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    Rodríguez Espiñeira, María José

    2012-01-01

    Este trabajo se centra en las diferencias semánticas y sintácticas que presentan las construcciones de infinitivo simple y compuesto que actúan como objeto directo de predicados declarativos. El tema despierta interés por varios motivos: (1) Se trata de un subconjunto de verbos que subordinan infinitivos simples de un elenco restringido, pero que admiten regularmente infinitivos compuestos.

  16. Producción de biogás a partir de residuos organicos en biodigestores de bajo coste

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    Ferrer Martí, Ivet; Uggetti, Enrica; Poggio, Davide; Velo García, Enrique

    2015-01-01

    PRODUCCIÓN DE BIOGÁS A PARTIR DE RESIDUOS ORGANICOS EN BIODIGESTORES DE BAJO COSTE Ivet Ferrer*, Enrica Uggetti**, Davide Poggio***, Enric Velo**** Grup de Recerca en Cooperació i Desenvolupament Humà C. Jordi Girona, 31 08034 - Barcelona, Spain Phone: +34 93 401 64 63 Pàgina web: http://www.upc.edu/grecdh *, **, ***, **** Palabras clave: Digestión anaerobia; Biodigestor; Biogás; Energía; Fertilizante. RESUMEN ...

  17. Cuadro de bicicleta en material compuesto

    OpenAIRE

    Solana Rodríguez, Alberto

    2014-01-01

    Este proyecto trata sobre el diseño y el cálculo de un cuadro de bicicleta de carretera realizado en materiales compuestos. Esta en particular va a ser fibra de carbono ya que es la más utilizada en el mundo de la competición actualmente, y cada vez más en el resto de bicicletas. El principal objetivo es realizar una inmersión en el campo de los materiales compuestos, cuyas propiedades son bastante diferentes si se comparan con otros que han sido utilizados en diversas asign...

  18. Material compuesto nanoestructurado con propiedades gemológicas

    OpenAIRE

    Díaz, Luis A.; Torrecillas, Ramón; Moya, J. S.; Fernández, Adolfo

    2015-01-01

    La presente invención se refiere a un material compuesto nanoestructurado que comprende al menos circona y nanoparticulas de diamante y presenta una coloración dentro del sistema de colores CIE L*a*b* correspondiente a valores del índice L* comprendidos entre 40 y 98. Es asimismo objeto de la invención el procedimiento para la obtención de dicho material compuesto.

  19. Homogeneización de materiales compuestos de inclusiones elipsoidales periódicas

    Directory of Open Access Journals (Sweden)

    H. Hernández Cabanas

    2015-01-01

    Full Text Available Los materiales compuestos son de vital importancia para el ser humano desde sus primeros tiempos, en la actualidad el empleo de estos materiales ha proliferado en la industria debido a la presencia de propiedades físicas que no están presentes en ninguno de sus componentes. El hecho de conocer previamente las propiedades de los materiales compuestos es unos de los problemas a los que se enfrenta la ciencia. Los métodos de homogeneización se emplean para calcular las propiedades efectivas de materiales compuestos. En el presente trabajo se plantea la formulación del método de homogeneización asintótica para compuestos tridimensionales y la transformación de los problemas locales a partir de las simetrías presentes en un compuesto de inclusiones elipsoidales periódicas. Se formula la resolución de los problemas locales por el método de elementos finitos utilizando elementos tetraédricos de cuatro nodos en la discretización del problema. Se realizan los cálculos numéricos para la obtención de los coeficientes efectivos en un material de inclusiones elipsoidales periódicas de aluminio embebidas en una matriz. La matriz es a su vez un compuesto del mismo aluminio con inclusiones esféricas de carburo de silicio con distribución cuadrada. Se muestran algunos de los resultados obtenidos para este compuesto variando la fracción volumétrica de aluminio para distintas razones de aspecto de las inclusiones elipsoidales. Se observa que en el caso de constituyentes isotrópicos, con una geometría del compuesto que presente una dirección predominante, el material resultante pierde esta propiedad.

  20. Estudio del comportamiento tribológico de materiales compuestos

    OpenAIRE

    Planells Torres, Mariano

    2017-01-01

    Los materiales compuestos se utilizan cada vez más en el diseño de piezas estructurales para la fabricación de automóviles con el fin de fabricar vehículos más ligeros, más seguros y más eficientes. Para obtener las piezas deseadas, los materiales compuestos se deben conformar en las geometrías elegidas por medio de herramientas de conformación a la temperatura de curado necesaria. El conocimiento de la interacción material-herramienta durante los procesos de conformado es crucial durante el ...

  1. Comportamiento [del] tanque de material compuesto ante cargas dinámicas

    OpenAIRE

    Artero Guerrero, José Alfonso

    2010-01-01

    Este proyecto fin de carrera analiza los impactos de fragmento a alta velocidad sobre estructuras de material compuesto que contienen líquidos. En este proyecto se estudia la vulnerabilidad de la estructura cuando está fabricada en material compuesto. Las excelentes propiedades que tienen los plásticos reforzados de fibras de carbono en cuanto a baja densidad y alta resistencia mecánica los sitúan en una situación clave para desarrollarse como material estructural en fabricación de aviones. E...

  2. VOLATILE COMPOUNDS OF LITHRAEA CAUSTICA (LITRE) DETERMINATED BY SOLID PHASE MICRO-EXTRACTION (SPME)

    OpenAIRE

    GARBARINO, JUAN A; SALVATORE, GIUSEPPE; PIVANOVO, MARISA; CHAMY, MARÍA CRISTINA; NICOLETTI, MARCELLO; DE IOANNES, ALFREDO

    2002-01-01

    The head space of the aerial parts of Lithraea caustica was analyzed by Solid Phase Micro-Extraction (SPME) technique, obtaining as main volatile compounds the monoterpenes, myrcene, a -pinene, , p-cymene and limonene, as well as the sesquiterpene caryophylene. De las partes áereas de Lithraea caustica y usando la técnica de Micro-Extracción en Fase Sólida (MEFS), fueron identificados y cuantificados los principales compuestos volátiles: los monoterpenos, mirceno, a -pineno, p-cimeno y lim...

  3. Caracterización de los compuestos del aroma en rones colombianos por HS-SPME-GC-MS-O

    Directory of Open Access Journals (Sweden)

    Jazmín Osorio Monsalve

    2016-11-01

    Full Text Available Se identificaron por primera vez 46 compuestos volátiles olfativamente activos con actividad aromática significativa presentes en rones comerciales de Colombia. Lo anterior, mediante microextracción en fase sólida en modo espacio de cabeza (HS-SPME, acoplada a cromatografía de gases con detectores de espectrometría de masas y olfatometría (GC-MS-O. Dentro de los compuestos identificados se encuentran ésteres, compuestos aromáticos, alcoholes, acetales, lactonas y furfural. De esos 46 compuestos, nueve están presentes en todos los rones estudiados y algunos otros son característicos solo de la marca.

  4. CARACTERIZACIÓN DE LOS COMPUESTOS VOLÁTILES ACTIVOS OLFATIVAMENTE EN UCHUVA (Physalis peruviana L.

    Directory of Open Access Journals (Sweden)

    Doris Gutierrez

    2011-01-01

    Full Text Available Durante el estudio de los compuestos activos olfativamente en el aroma de la uchuva (Physalis peruviana L. se identificaron los compuestos volátiles, obtenidos por 3 técnicas, extracción líquido-líquido con pentano-diclorometano (1:1 (LL, Solvent-Assisted Flavor Evaporation (SAFE y Headspace-Microextracción en fase sólida (HS-MEFS, y se encontraron diferencias en la calidad del aroma de los extractos mediante el análisis olfatométrico. La técnica SAFE permitió obtener un extracto con un aroma muy semejante al de la fruta fresca. Los compuestos que presentaron los valores más altos de factor de dilución de aroma (FD fueron: hexanal, 3-hidroxi-2-butanona, 2-metilpropanol, 2-hidroxibutanoato de etilo, octanoato de etilo y 3-hidroxibutanoato de butilo. En el extracto LL se detectaron algunos compuestos sin actividad olfativa en la fruta; en contraste, mediante la técnica de HS-MEFS no fue posible detectar todos los compuestos activos olfativamente, principalmente los de mayor polaridad. Estos resultados muestran la utilidad del nuevo enfoque de análisis en química de aromas, el cual le da más relevancia al análisis olfativo en estos estudios.

  5. Relaciones de equivalencia con estímulos compuestos

    Directory of Open Access Journals (Sweden)

    Aldo Hernández, Sonia Céspedes, Leonardo Prieto

    2007-03-01

    Full Text Available El propósito de la presente investigación fue identificar las relaciones emergentes de entrenamientos entre estímulos muestra simples con estímulos de comparación compuestos. El estudio realizado corresponde a una investigación de tipo intrasujeto. Se contó con diez estudiantes universitarios, seis hombres y cuatro mujeres, con edades entre los 17 y 22 años de edad fueron escogidos por conveniencia y recibieron entrenamiento en discriminación condicional a través de tareas de igualación a la muestra arbitraria de tres elecciones por medio de un aplicativo en Visual Basic. En el primer y segundo bloque de entrenamiento se establecieron las relaciones condicionales entre estímulos muestra simples y estÌmulos de comparación compuestos (ej., A1-B1B1; A2-B2B2; A3-C3C3 y B1-C1C1; B2-C2C2; B3-C3C3 y se conformaron tres clases equivalentes de tres miembros cada una (ej., A1A1-B1B1-C1C1, asÌ como relaciones equivalencia-equivalencia (ej. A1A2- B1B2-C1C2. Cuatro de los diez participantes mostraron relaciones emergentes de simetrÌa, transitividad y equivalencia junto con relaciones equivalencia-equivalencia. Estos hallazgos indican que los entrenamientos entre estímulos simples y compuestos o viceversa producen relaciones emergentes propias de la equivalencia de estímulos.

  6. Fractura de compuestos polipropileno-talco

    OpenAIRE

    Velasco Perero, José Ignacio

    1996-01-01

    La investigación realizada en esta tesis se ha centrado en la caracterización de la fractura de materiales compuestos por una matriz de polipropileno homopolímero isotáctico y diferentes fracciones de partículas laminares de talco. Estos materiales se emplean en la actualidad para la fabricación de piezas por inyección, especialmente en el sector de automoción. Por extrusión de doble tornillo se prepararon dos series de materiales conteniendo diferentes fracciones de talco disperso, el cual f...

  7. Energy alternative for the use of organic waste (swine feces) in the state of Tabasco; Alternativa energetica para el aprovechamiento de los desechos organicos (excretas de ganado porcino) en el estado de Tabasco

    Energy Technology Data Exchange (ETDEWEB)

    Ramon Garcia, E.; Angles Falconi, S.I.; Vazquez Magana, L.R.; Tun Perez, A.C. [Instituto Tecnologico de Villahermosa, Villahermosa, Tabasco (Mexico)]. Email: bioleliza_ramgar@hotmail.com; sergio_falcorp@hotmail.com

    2009-09-15

    Biogas is obtained from decomposing organic material due to the action of four types of bacteria, in the absence of oxygen: hydrolytic, producers of moncarbonate compounds and acidogenics, producing organic fatty acids and other polycarbonate compounds; acetogenic, producers of hydrogen and CO{sub 2}; homoacetogenic, that can convert a considerable amount of multicarbonate or monocarbonate compounds into acetic acid and; metanogenic, producers of methane gas, the principal component of biogas. To design and build the pilot equipment proposed for this research, a 20-liter container was used with 10 kg of swine feces with identical volumes of inoculates. The aerobic fermentation process was immediate begun, followed by the anaerobic process; metabolic reactions were conducted. A total of 0.119 m3 of biogas was obtained from the anaerobic fermentation of 10 kg of swine feces, 60% (0.0714 m{sup 3}) of which was methane gas and the remaining 40%(0.0476 m{sup 3}) hydrogen sulfide (HS). During this investigation, it was concluded that obtaining this by-product (methane biogas), which can be used as a biofuel, provides an economically and ecologically sustainable alternative that reduces organic discharges (swine feces) into rivers and reduces the energy expenditures of swine farms. Because of the high generation of RSM, the creation of a biogas production plant in Tabasco is proposed. [Spanish] El biogas se obtiene al descomponerse la materia organica debido a la accion de cuatro tipos de bacterias, en ausencia de oxigeno: las hidroliticas, que producen compuestos monocarbonados, las acidogenicas producen acidos grasos organicos y otros compuestos policarbonados; las acetogenicas productoras de Hidrogeno y CO{sub 2}; las homoacetogenicas, que pueden convertir una cantidad considerable de compuestos multicarbonados o monocarbonados en acido acetico; y las metanogenicas, productoras del gas metano, principal componente del biogas. Para el diseno y construccion del equipo

  8. El CITA realiza estudios sobre compuestos nutraceúticos en pimiento y cebolla

    OpenAIRE

    Area de Información, Documentación y Cultura Científica. Centro de Investigación y Tecnología Agroalimentaria de Aragón

    2013-01-01

    Se está trabajando en la detección de compuestos nutracéuticos ( sustancias de origen biológico beneficiosas para la salud) en pimiento y cebolla y que son potencialmente muy útiles para el sector farmacéutico. El Centro de Investigación y Tecnología Agroalimentaria de Aragón, organismo perteneciente al Departamento de Industria e Innovación, está desarrollando técnicas analíticas y moleculares para el estudio de compuestos nutraceúticos en pimiento y cebolla. La investigación esta ...

  9. Material compuesto electroconductor con coeficiente de expansión térmica controlado

    OpenAIRE

    Borrell, Amparo; García Moreno, Olga; Fernández, Adolfo; Torrecillas, Ramón

    2009-01-01

    Material compuesto electroconductor con coeficiente de expansión térmica controlado. La presente invención se refiere a un material compuesto que comprende un componente cerámico, caracterizado por tener un coeficiente de expansión térmico negativo, y nanofilamentos de carbono, a su procedimiento de obtención y a sus usos como electroconductor en microelectrónica, óptica de precisión, aeronáutica y aeroespacial.

  10. MATERIALES COMPUESTOS DE MATRIZ POLIMÉRICA USADOS PARA EL BLINDAJE DE INTERFERENCIA ELECTROMAGNÉTICA

    Directory of Open Access Journals (Sweden)

    Andrés Orlando Garzón Posada

    2017-01-01

    Full Text Available Este trabajo tiene como propósito revisar el estado del arte en la síntesis y caracterización de materiales de matriz polimérica reforzados con compuestos a base de carbón o ferritas para su uso como materiales atenuadores de interferencia electromagnética (EMI. Recientemente, este tipo de materiales han sido objeto de investigación debido a sus potenciales aplicaciones tecnológicas, economía y de ser además ambientalmente amigables, puesto que polímeros o cauchos reciclados se pueden utilizar para su fabricación. Estos compuestos pueden ser empleados en la producción de blindajes electromagnéticos, transductores, entrega focalizada de medicamentos, marcación de órganos, hipertermia magnética, etc. Para la fabricación de este tipo de materiales compuestos se usan refuerzos particulados, fibras o láminas y como matrices polímeros termoplásticos o termoestables, cauchos sintéticos o naturales. El método de producción de los compuestos (mezcla fundida, métodos químicos, etc. influye en las propiedades eléctricas, magnéticas y electromagnéticas del material obtenido, debido a la relación de aspecto de los refuerzos: compuestos con elevada relación de aspecto de sus refuerzos tendrán mejores propiedades magnéticas, eléctricas y desempeño frente a la interferencia electromagnética. El blindaje electromagnético de estos materiales se cuantifica a través de la efectividad del blindaje (SE o en otros casos a través de la pérdida reflectiva (RL. Una efectividad de blindaje de 30 dB corresponde a 99,9% de atenuación de la radiación electromagnética incidente. En todos los trabajos se comprueba que las propiedades del compuesto dependen de la cantidad y del tipo de refuerzo adicionado a la matriz.

  11. Eliminación de compuestos volátiles olorosos por electrocoagulación

    OpenAIRE

    Mariz Medeiros, Djalma; Hernández Muñoz, Aurelio; Hernández Lehmann, Aurelio; Lucas Filho, Manoel

    2011-01-01

    La emisión de olores en las depuradoras de aguas residuales representa un impacto significativo. En este sentido, resulta de especial interés la electrocoagulación, como procedimiento de tratamiento de compuestos olorosos presentes en aguas residuales. Durante la presente investigación se ha estudiado la eliminación de los siguientes compuestos volátiles olorosos mediante el proceso de electrocoagulación: sulfuro de carbono, tolueno y diclorometano. Se ha investigado el efecto del diseño del...

  12. Odontoma compuesto. Una patología oral a considerar

    Directory of Open Access Journals (Sweden)

    Jonathan Harris Ricardo

    2013-10-01

    Full Text Available Resumen El odontoma es el tumor odontogénico mixto con mayor frecuencia de aparición, las células y los tejidos son normales pero de estructura defectuosa, la etiología se le relaciona con restos paradentales de malassez y traumatismos, son de crecimiento limitado, asintomáticos, producen retención dentaria; se clasifica en compuesto y complejo, radiográficamente se presenta halo radiolúcido con múltiples imágenes radiopacas en su interior, con un patrón ordenado para el odontoma compuesto y en el odontoma complejo se presenta imagen radiopaca como conglomeraciones amorfas, con un patrón desordenado. El tratamiento es quirúrgico y su recurrencia es baja. Se reporta caso de paciente femenina de 30 años de edad, que acudió a la consulta del servicio de estomatología y cirugía oral de la Universidad de Cartagena Colombia, porque presentó, lesión tumoral que comprometía la zona de órganos dentarios 33 y 34, se realizó examen radiográfico, con diagnóstico presuntivo de odontoma compuesto, se programó la cirugía y se realizó enucleación de la lesión tumoral la cual se envió a patología; en el reporte histopatológico se diagnosticó odontoma compuesto. (DUAZARY 2010, 91 - 94Abstract The odontoma is the mixed odontogenic tumor observed with greater frequency. Cells and tissues are normal in structure but is defective in pattern. Etiology is associated with remainders of malassez paradentales tissues and trauma and injuries. They are growing limited, asymptomatic, produce tooth retention. They were classified as compound and complex radiographic radiolucent halo is presented with multiple radiopaque images inside it, with a pattern for the ordered compound odontoma and complex odontoma presents the image as radiopaque amorphous clusters with a disordered pattern. The treatment is surgical and recurrence is low. We report the case of female patient aged 30, who attended the service of dentistry and oral surgery at the

  13. Actividad antioxidante de los compuestos fenólicos

    Directory of Open Access Journals (Sweden)

    Maestro Durán, R.

    1993-04-01

    Full Text Available This review deals with the oxidation processes induced by light and atmospheric oxygen, as well as the protective action on antioxidant compounds. The available data on the synthetic antioxidants and the problems associated to their use, together with the presence of natural phenolic antioxidants in plants, have been revised. These phenolic antioxidants have been classified in families: phenolic alcohols and acids, cinnamic acids, coumarins, favonoids (flavones and isoflavones, flavonols, flavanones and other phenolic compounds.

    Este trabajo recoge los estudios sobre los mecanismos de oxidación producida por la luz y el oxígeno del aire y sobre la protección de los compuestos antioxidantes contra esta oxidación. Se han revisado los datos existentes sobre los inconvenientes de los antioxidantes sintéticos, que aconsejan sustituirlos por otros naturales y sobre la presencia de antioxidantes naturales de carácter fenólico en las plantas. Los antioxidantes fenólicos se han agrupado por familias: alcoholes y ácidos fenólicos, ácidos cinámicos, cumarinas, flavonoides (flavonas e isoflavonas, flavonoles, flavanonas y otros compuestos fenólicos.

  14. Actividad antioxidante de compuestos naturales nitrogenados

    Directory of Open Access Journals (Sweden)

    Maestro-Durán, R.

    1993-06-01

    Full Text Available As a continuation of the study of natural antioxidants, this third part deals with nitrogeneous compounds, classified in the following groups.

    Amino acids and proteins.
    Products of the Maillard reaction.
    Phospholipids (with choline or ethanolamine and their heating products.
    Riboflavin.
    Chlorophylls and porphyrins.
    Uric acid and derivatives.
    Their behaviour as inhibitors of the chain reaction of prooxidant radicals, by irreversible reaction or by sequestration of those radicals, as well as their synergistic action with primary antioxidants is discussed. Finally, the patents registered during the last years for these kind of compounds, their derivatives and synergists in food and other uses are cited.

    Continuando el estudio de los antioxidantes naturales, se incluyen en esta tercera parte los compuestos nitrogenados, clasificados en los siguientes grupos:
    Aminoácidos y proteínas.
    Productos de la reacción coloreada de Maillard.
    Fosfolípidos (con las bases colina y etanolamina y sus productos de calentamiento.
    Riboflavina.
    Clorofilas y porfirinas.
    Acido úrico y sus derivados.
    Se discute su comportamiento como inhibidores de la reacción en cadena de los radicales prooxidantes, por reacción irreversible o por secuestro de estos radicales, así como su acción sinergista con antioxidantes primarios. Finalmente, se citan las patentes registradas en los últimos años para estos tipos de compuestos, sus derivados y sinergistas, en productos alimentarios o en otros usos.

  15. Filtrado digital compuesto

    Directory of Open Access Journals (Sweden)

    José de Jesús Medel Juárez

    2013-01-01

    Full Text Available En este trabajo se describen las características de operación de un Filtro Digital Compuesto, el cual está formado por dos estimadores que intervienen en el filtro de Kalman; el primero de ellos corresponde al gradiente estocástico para obtener la función de transición y el segundo, ajusta la ganancia del proceso de innovación por medio de la lógica difusa. En el proceso de filtrado se cuenta con restricciones de tiempo para que su respuesta ocurra antes de que el sistema de referencia cambie a otro estado. Los resultados obtenidos están desarrollados formalmente a lo largo del documento. Se propone un Modelo Auto-regresivo de Promedios Móviles (MARPM (1,1 como sistema de referencia. El algoritmo de filtrado fue desarrollado con el programa MatLab® obteniendo las gráficas de su operación, convergencia y respuesta. Concluyendo con un pequeño análisis de los resultados.

  16. Estudio de la fractura de materiales compuestos por una matriz de plástico

    OpenAIRE

    Maspoch, M. Ll. (Maria Lluïsa)

    1992-01-01

    Se estudia el comportamiento a fractura de materiales, compuestos por una matriz de plástico en la que se ha dispersado una segunda fase en forma de partículas elastoméricas. Como matriz se han utilizado dos materiales diferentes: una resina de poliéster insaturada y poliestireno. Se estudia la morfología de los materiales compuestos preparados, se determinan los parámetros de fractura y otras propiedades mecánicas, se realiza el estudio fractográfico y finalmente se analizan los resultados e...

  17. Emissions control of volatile organic compounds in petroleum industry; Controle de emissoes de compostos organicos volateis na industria do petroleo

    Energy Technology Data Exchange (ETDEWEB)

    Gutierres, Ricardo; Moreira, Andrea Cristina de Castro Araujo [PETROBRAS, Rio de Janeiro, RJ (Brazil). Centro de Pesquisas (CENPES). P e D de Energia e Desenvolvimento Sustentavel (PDEDS)

    2004-07-01

    Volatile organic compounds are among the most common pollutants emitted by refining processes. The sources of these emissions should be controlled for preserving the ambient air quality. This article outlines the main factors to be considered for defining an effective emissions control strategy and compares the major characteristics of the available control technologies. (author)

  18. compuestos fenólicos

    Directory of Open Access Journals (Sweden)

    Yolanda González García

    2005-01-01

    Full Text Available En este trabajo se presenta una revisión bibliográfica que tiene como objetivo identificar y analizar alternativas de aprovechamiento del bagazo de Agave tequilana Weber var. Azul. Se proponen dos líneas de investigación para obtener productos de valor agregado a partir de este residuo: 1utilización como fuente de carbono de bajo costo para la producción de biopolímeros y carbohidrasas, con bacterias celulolíticas del género Microbulbifer, Marinobacterium y Sagittula; 2obtención de compuestos fenólicos a partir de la lignina presente en sus fibras. Se concluye, que el bagazo de agave tequilero es un material viable para ser usado como substrato en procesos fermentativos, por lo que existen grandes oportunidades de investigación para desarrollar procesos de bioconversión técnicamente factible, eficiente y económicamente atractivo

  19. Actividad antioxidante de compuestos aislados del residuo no-volátil del aceite esencial de naranja.

    Directory of Open Access Journals (Sweden)

    Vargas-Arispuro, L.

    1998-04-01

    Full Text Available There has been a growing interest in the food industry and in preventive medicine to search for «natural antioxidants». Therefore the objetive of this study was to evaluate the antioxidant activity of the non-volatile residue of essential orange oil in the oxidation of unrefined and freshly extracted olive oil. Essential orange oil was distilled to obtain a non-volatile residue and fracctionated on a Silica Gel 60 column. The antioxidant activity was determined by measuring peroxide value obtained after heating olive oil at 70 °C for 48 h. Six compounds were isolated and purified, four of these had antioxidant activity, α-tocopherol and three methoxylated flavones were identified using spectroscopic methods. This study confirmed that non-volatile fractions of essential orange oil contain natural antioxidants diferent from α-tocopherol.

    Existe un creciente interés en la industria alimentaria y en la medicina preventiva por la búsqueda de «antioxidantes naturales», por lo que nos planteamos evaluar la actividad antioxidante del residuo no volátil del aceite esencial de naranja contra la oxidación del aceite de oliva sin retinar y de reciente extracción. Mediante destilación del aceite esencial de naranja se obtuvo el residuo no-volátil, el cual se fraccionó en columna de silica gel 60. La actividad antioxidante fue medida por el valor de peróxidos producidos por el aceite de oliva al provocar la oxidación por calentamiento a 70 °C durante 48 h. Se aislaron seis compuestos mediante HPLC preparativo de los cuales cuatro tuvieron actividad antioxidante. Usando métodos espectroscópicos se identificaron α-tocoferol y tres flavonas metoxiladas. Con este estudio se confirmó que la fracción no volátil del aceite esencial de naranja contiene antioxidantes naturales diferentes al α-tocoferol.

  20. Análisis de los compuestos volátiles de la ciruela amarilla (Prunus domestica L. ssp. domestica

    Directory of Open Access Journals (Sweden)

    Yineth Ruiz

    2011-01-01

    Full Text Available El aroma de las frutas se debe a los constituyentes volátiles presentes que, aunque se encuentran en muy bajas concentraciones, contribuyen al aroma global en grados muy diversos. Se hace necesario usar técnicas de aislamiento y concentración que garanticen el análisis de una composición química semejante a la de la fruta. Este trabajo tuvo como objetivo el análisis de los compuestos volátiles de la ciruela amarilla (Prunus domestica L. ssp. domestica por el método de evaporación del aroma asistida por solvente (SAFE. Este método utiliza un equipo de destilación conectado a una bomba de alto vacío que ofrece la posibilidad de aislar rápidamente compuestos volátiles sin daño térmico en diferentes matrices alimentarias. La separación e identificación de los compuestos volátiles se realizó por cromatografía de gases-espectrometría de masas (GC-MS. Se identificaron 47 compuestos (6,55 mg/kg de pulpa de fruta, entre ellos 14 alcoholes, 8 aldehídos, 7 ésteres, 5 cetonas, 4 ácidos carboxílicos, 4 hidrocarburos aromáticos, 3 lactonas, un compuesto azufrado y una hidroxicetona; 16 de ellos se informan por primera vez. El acetato de etilo (2,88 mg/kg, etanol (1 mg/kg y ácido octanoico (0,78 mg/kg fueron los constituyentes volátiles mayoritarios de esta variedad de ciruela.

  1. Análisis de los compuestos volátiles de la ciruela amarilla (Prunus domestica L. ssp. domestica

    Directory of Open Access Journals (Sweden)

    Yineth Ruiz

    2011-06-01

    Full Text Available El aroma de las frutas se debe a los constituyentes volátiles presentes que, aunque se encuentran en muy bajas concentraciones, contribuyen al aroma global en grados muy diversos. Se hace necesario usar técnicas de aislamiento y concentración que garanticen el análisis de una composición química semejante a la de la fruta. Este trabajo tuvo como objetivo el análisis de los compuestos volátiles de la ciruela amarilla (Prunus domestica L. ssp.domestica por el método de evaporación del aroma asistida por solvente (SAFE. Este método utiliza un equipo de destilación conectado a una bomba de alto vacío que ofrece la posibilidad de aislar rápidamente compuestos volátiles sin daño térmico en diferentes matrices alimentarias. La separación e identificación de los compuestos volátiles se realizó por cromatografía de gases-espectrometría de masas (GC-MS. Se identificaron 47 compuestos (6,55 mg/kg de pulpa de fruta, entre ellos 14 alcoholes, 8 aldehídos, 7 ésteres, 5 cetonas, 4 ácidos carboxílicos, 4 hidrocarburos aromáticos, 3 lactonas, un compuesto azufrado y una hidroxicetona; 16 de ellos se informan por primera vez. El acetato de etilo (2,88 mg/kg, etanol (1 mg/kg y ácido octanoico (0,78 mg/kg fueron los constituyentes volátiles mayoritarios de esta variedad de ciruela.

  2. Compuestos beta-lactámicos inhibidores de APAF1

    OpenAIRE

    Messeguer Peypoch, Ángel; Alfonso, Ignacio; Corredor, Miriam; Pérez-Payá, Enrique; Orzáez Calatayud, Mar

    2012-01-01

    La presente invención se refiere a compuestos para la prevención y/o tratamiento de trastornos causados por muerte celular por apoptosis o para la prevención de procesos degenerativos causados por la muerte celular por apoptosis, a través de la inhibición del factor de activación de la peptidasa apoptótica 1 (APAF1, Apoptotic Peptidase Activating Factor 1)

  3. Análisis comparativo de compuestos fenólicos totales y actividad antioxidante de cuatro marcas de tisanas de Hibiscus sabdariffa (Malvaceae comercializadas en Costa Rica

    Directory of Open Access Journals (Sweden)

    Melissa Agüero

    2014-01-01

    Full Text Available Las tisanas de rosa de Jamaica (Hibiscus sabdariffa son consumidas en Costa Rica por su conocido efecto cardioprotector asociado a la presencia de compuestos fenólicos, principalmente antocianinas. Este trabajo estableció diferencias en el perfil de compuestos fenólicos y su actividad anti-radical entre diferentes comercializadores de tisanas de Hibiscus sabdariffa en Costa Rica. Se identificaron cualitativamente taninos, flavonoides y antocianinas. Se cuantificó la cantidad total de compuestos fenólicos por el método de Folin-Ciocalteu y se cuantificó la actividad antioxidante con el método de DPPH. Todas las marcas comerciales demostraron presencia de compuestos fenólicos, incluyendo antocianinas; sin embargo, se encontraron diferencias significativas en el contenido de compuestos fenólicos y actividad anti-radical, entre los diferentes productores de tisanas. Por ello, se concluye que en el mercado costarricense, el perfil en compuestos fenólicos de las tisanas en estudio varía de acuerdo con el productor.

  4. EVALUACIÓN HISTOLÓGICA DE BIOCOMPATIBILIDAD Y BIOCONDUCCIÓN DEL COMPUESTO HIDROXIAPATITA - LIGNINA IMPLANTADO EN TIBIA DE CONEJOS

    Directory of Open Access Journals (Sweden)

    Marlene Vargas V

    2009-04-01

    Full Text Available Objetivo. Evaluar histologicamente la biocompatibilidad y propiedad óseoconductora del compuesto de hidroxiapatita - lignina implantado en tibias de conejos. Material y métodos. Se utilizaron 20 conejos de raza nueva Zelanda, en cada uno, la tibia izquierda fue tratada con el compuesto y la tibia derecha no fue tratada y sirvió como control. Con la ayuda de taladro manual y una broca se realizó un defecto óseo de aproximadamente 4 mm de diámetro en la superficie lateral proximal tibial, hasta alcanzar el canal medular. Dos comprimidos del compuesto (400 mg, se utilizaron para rellenar el defecto. El mismo procedimiento quirúrgico se realizó en el grupo control, sin la utilización del compuesto. Las evaluaciones histológicas se realizaron a los 8, 30, 60, 90 y 120 días postcirugía, para lo que fue necesaria la eutanasia de 4 animales por fecha de evaluación. Resultados. En las evaluaciones de 30, 60, 90 y 120 días se observó una formación ósea más acelerada y extensa en el grupo tratado al compararse las lecturas histológicas con el grupo control. Conclusiones. El compuesto hidroxiapatita-lignina permitió el crecimiento de tejido óseo desde los bordes hasta el centro del defecto a un ritmo de crecimiento mayor, con formación de hueso mas organizado que en el grupo control. Además se observó su integración al tejido óseo; lo que sugiere su biocompatibilidad y propiedad óseoconductora, hecho que permite recomendarlo como substituto.

  5. Effect of the partial NaCl substitution by other chloride salts on the volatile profile during the ripening of dry-cured lacón

    Directory of Open Access Journals (Sweden)

    Domínguez, R.

    2016-06-01

    Full Text Available The influence of three salting treatments (treatment II: 50% NaCl-50% KCl; III: 45% NaCl-25% KCl-20% CaCl2-10% MgCl2; IV: 30% NaCl-50% KCl-15% CaCl2-5% MgCl2 on the formation of volatile compounds throughout the process was studied and compared to those of a control “lacón” (treatment I: 100% NaCl. There was an intense formation of volatile compounds throughout the processing, particularly during the dry-ripening stage. The most abundant chemical family in all the formulations, in the final product was hydrocarbons followed by aldehydes. The total volatile compound release was more intense in the control “lacóns” (1164 AU_106·g-1dry matter than in “lacóns” from formulations II, III and IV (817-891 AUx106·g-1dry matter. The “lacóns” from formulation I showed the highest amounts of aldehydes. The “lacóns” from formulations I and II presented the highest amounts of hydrocarbons. The main conclusion is that the replacement of NaCl produces changes in the volatile profile and could be affect the aroma of “lacón”.Se estudió la influencia de tres tratamientos de salado (tratamiento II: 50 % NaCl-50 % KCl; III: 45 % NaCl-25 % KCl-20 % CaCl2-10 % MgCl2; IV: 30 % NaCl-50 % KCl-15 % CaCl2-5 % MgCl2 en la formación de compuestos volátiles durante la elaboración de lacón, en comparación con un control (tratamiento I: 100 % NaCl. Hubo una intensa formación de compuestos volátiles durante el procesado, principalmente durante la fase de secado-maduración. La familia química más abundante en el producto final fueron los hidrocarbonos, seguidos por los aldehídos. La liberación de volátiles fue más intensa en los lacones control (1164 AU_106·g-1 materia seca que en los otros lacones (817-891 AUx106· g-1 materia seca. Los lacones de la formulación I mostraron las mayores cantidades de aldehídos, y los lacones de las formulaciones I y II presentaron los mayores contenidos de hidrocarburos. La principal conclusi

  6. Caracterización preliminar de los compuestos hidrofóbicos removidos de Andisoles repelentes al agua de Antioquia.

    Directory of Open Access Journals (Sweden)

    Jaramillo J. Daniel F.

    2000-06-01

    Full Text Available En 15 muestras de Andisoles repelentes al agua se caracterizaron los compuestos orgánicos extraídos por mezclas de etanol - benceno, 1:2 y de isopropanol - amoniaco 7:3; se confirmó que los compuestos responsables de la hidrofobicidad del suelo extraídos son poco humificados, tienen una composición general de ácidos carboxílicos alifáticos de cadenas largas y que corresponden a humus tipo Rp.

  7. Novel organic solvent-tolerant esterase isolated by metagenomics: insights into the lipase/esterase classification Nueva esterasa tolerante a los solventes orgánicos aislada por metagenómica: ideas sobre la clasificación de las esterasas/lipasas

    Directory of Open Access Journals (Sweden)

    Renaud Berlemont

    2013-03-01

    gen codificante de una hipotetica lipasa/esterasa. La secuencia deducida de amino acidos (RBest1 contiene los motivos conservados de enzimas lipoliticas y esta relacionada con la lipasa OST previamente descrita de Lysinibacillus sphaericus 205y, que es la unica enzima procariota estudiada perteneciente al subgrupo 4.4 de a/ß hidrolasas (abH4.04. Estudios in vivo e in vitro sobre la especificidad de sustratos de RBest1, utilizando triacil-gliceroles o p-nitrofenil-esteres, respectivamente, revelaron que la enzima es altamente especifica para compuestos butiricos (C4, comportandose como una esterasa y no como una lipasa. La esterasa RBest1 fue purificada y caracterizada bioquimicamente. La actividad optima de esterasa fue observada a pH 6,5 y las temperaturas optimas fueron entre 38 y 45 °C. Se establecio que la actividad enzimatica, determinada por hidrolisis de p-nitrofenil esteres, es afectada en presencia de diferentes solventes organicos miscibles y no miscibles, y tambien sales. Notoriamente, RBest1 permanece significativamente activa a elevadas fuerzas ionicas. Estos hallazgos sugieren que RBest1 posee la capacidad de las enzimas OST de la adaptacion molecular en presencia de compuestos organicos, asi como la resistencia de las proteinas halofilas.

  8. Desarrollo de materiales compuestos tipo Cermet de matriz Fe

    Directory of Open Access Journals (Sweden)

    Gordo, E.

    2004-04-01

    Full Text Available The objective of this study aims to the development of Fe-matrix composites with high carbide content to achieve properties between high-speed steels (HSS and cemented carbides. Cemented carbides are harder and show higher wear resistance than HSS, but lower toughness. Besides, the substitution of Co or Ni for other binders is desirable due to the carcinogen character of these metals. In this work, a material constituted by an iron matrix and a 50 % wt of WC and TaC carbides is developed. Highenergy milling has been used to obtain composite powders presenting a good bonding and homogeneous distribution of the carbides in the matrix. Those powders were characterised and compacted by die pressing. The green compacts were sintered at different temperatures, and properties like hardness and density were determined. Also, the wear behaviour was studied and microstructural analysis by SEM was carried out to complete the study.

    El objetivo de este trabajo es el desarrollo de materiales compuestos de matriz Fe con alto contenido en carburos con propiedades entre los aceros rápidos y los carburos cementados, ya que estos últimos son más duros y presentan mayor resistencia al desgaste que los primeros pero también menor tenacidad. Además, se hace deseable la sustitución de Co o Ni por otros aglomerantes debido a los riesgos medioambientales y para la salud que estos metales representan. En este trabajo se estudia la obtención de un material formado por una matriz de acero con adición de 50 % en masa de carburos de wolframio (WC y tantalio (TaC. Para ello se han utilizado técnicas de molienda de alta energía que permiten obtener un polvo compuesto con una buena unión metal-cerámica y una distribución homogénea de carburos en la matriz. Después de la caracterización del polvo compuesto se compactaron probetas en matriz uniaxial con objeto de estudiar la sinterabilidad del material. Los compactos fueron sinterizados en vacío a

  9. ANÁLISIS DEL PERFIL DE COMPUESTOS VOLÁTILES DEL MANGO (Mangifera indica L. Var. Tommy Atkins TRATADO POR MÉTODOS COMBINADOS

    Directory of Open Access Journals (Sweden)

    Angélica Moreno

    2010-09-01

    Full Text Available Se evaluó el perfil de compuestos volátiles del mango (Mangifera indica L. Var. Tommy Atkins al ser tratado con la combinación de los métodos de deshidratación osmótica con o sin pulso de vacío (DOPV y DO y con secado por aire caliente o con vacío (SAC y VAC. El tiempo utilizado en la cinética del proceso de DO fue de 42 horas y la DOPV de 30 horas; en los procesos de secado, el SAC se realizó durante 24 horas y el VAC requirió 40 horas. En el perfil de compuestos volátiles del mango fresco analizado por cromatografía de gases acoplada a detector de espectrometría de masas (GC-MS se encontraron compuestos tipo mono y sesquiterpénico, además de ácidos y ésteres grasos. El germacreno D (20,49% fue el compuesto terpénico de mayor abundancia encontrado en el análisis realizado. La cantidad de compuestos volátiles en la fruta procesada fue afectada por la aplicación de DOPV y VAC; sin embargo estas pérdidas fueron menores que en las muestras secadas sin pretratamiento osmótico. En el análisis sensorial realizado, las frutas tratadas con DOPV y DO presentaron una menor intensidad calificada en el olor en comparación con la muestra no pretratada.

  10. Bebidas a base de frutas procesadas por tecnologías no térmicas: compuestos bioactivos y bioaccesibilidad

    OpenAIRE

    Carbonell Capella, Juana Mª

    2016-01-01

    La presente tesis doctoral se centró en el análisis de compuestos bioactivos y parámetros de calidad en bebidas a base de zumos de frutas y sus modificaciones tras el procesado por tecnologías no térmicas (altas presiones hidrostáticas [APH], pulsos eléctricos de alta intensidad [PEAI], descargas eléctricas de alto voltaje [DEAV] y ultrasonidos [USN]), así como el estudio de la bioaccesibilidad de estos compuestos. La aplicación conjunta de dos estrategias de conservación (aplicación de tecno...

  11. Tenacidad a la fractura de compuestos cermets 3Al2O3*2SiO2/Ag manufacturados por molienda de alta energía

    OpenAIRE

    Hernández,José G. Miranda; Bustamante,Miriam Vázquez; Hernández,Héctor Herrera; Morán,Carlos O. González; Rangel,Enrique Rocha; García,Elizabeth Refugio

    2016-01-01

    La fabricación de materiales compuestos de matriz cerámica reforzados con partículas metálicas han propiciado la formación de nuevos materiales conocidos como compuestos CERMETS, materiales que debido a sus elementos precursores poseen propiedades distintas a las de los materiales convencionales. En este trabajo se establece la ruta de fabricación de materiales compuestos cermets base 3Al2O3*2SiO2 reforzados con partículas metálicas de Ag a partir de la formación de la composición química en ...

  12. Degradation of air polluted by organic compounds; Degradacion de aire contaminado por compuestos organicos

    Energy Technology Data Exchange (ETDEWEB)

    Santoyo O, E L; Lizama S, B E [Universidad Autonoma del Estado de Mexico, Facultad de Quimica, 56000 Toluca (Mexico); Vazquez A, O; Luna C, P C; Arredondo H, S [Instituto Nacional de Investigaciones Nucleares, A.P. 18-1027, 11801 Mexico D.F. (Mexico)

    1999-07-01

    According to the Mexican standard NOM-010-STPS-1994 it has been established concentrations of maximum permissible levels in workable air for styrene in the range 420-1710 mg/m{sup 3} and for xylene between 218-870 mg/m{sup 3}. In this work it is studied a biological treatment (bio filtration) for air polluted by xylene and styrene where the microorganisms are adhered at synthetic fiber, these degrade to the organic compounds that across in gaseous state and they are mineralized toward CO{sub 2} and H{sub 2}O. The characteristics of temperature, p H, concentration of organic compound and mineral parameters, as well as, the biomass quantity have been optimized for that bio filters efficiency were greater than those reported in other works. (Author)

  13. IDENTIFICACIÓN DE UNA NUEVA FASE EN LA ESTRUCTURA CRISTALINA DEL COMPUESTO CUATERNARIO Cu2ZnSnSe4 DURANTE LA ETAPA INCORPORACIÓN DEL ZnSe

    Directory of Open Access Journals (Sweden)

    Anderon Dussán Cuenca

    Full Text Available En este trabajo se presenta un estudio de las propiedades estructurales de películas delgadas del compuesto Cu2ZnSnSe4 variando tanto la masa (M X como la temperatura del sustrato al cual fue evaporado (Ts el compuesto binario ZnSe. Todas las muestras fueron depositadas por el método de co-evaporación en tres etapas y manteniendo constante los demás parámetros. A partir de las medidas de difracción de Rayos x fue posible establecer con el incremento de la Ts la presencia de fases binarias asociadas al compuesto cuaternario durante el proceso de crecimiento del material. Se encontró que alrededor del pico principal, 2θ = 27,1°, predominan las fases binarias y la presencia del ZnSe que se forma durante la subsecuente etapa de selenización del material. Una especie de bifurcación en el pico principal (2θ = 27,1° fue observado para la transición entre M ZnSe = 0,153 g a 0,171 g. Medidas de difracción de rayos x fueron realizadas al compuesto binarios puro, observándose una correspondencia con los picos encontrados alrededor del pico principal del compuesto. Un estudio a través de espectroscopia Raman evidenció corrimientos raman asociados a los compuestos binarios observados por XRD. A partir de la ecuación de Scherrer se encontró que los tamaños de los cristalitos variaban entre 80 y 90 nm.

  14. Comportamiento frente al desgaste en materiales compuestos de aluminio reforzados con partículas cerámicas

    Directory of Open Access Journals (Sweden)

    Busquets-Mataix, D.

    2004-04-01

    Full Text Available The present work deals with the wear behaviour on AA6061 based aluminium matrix composites reinforced with different kinds of ceramic particles: TiB2, B4C, Si3N4, Al2O3 y SiC. Composites were obtained by means of a solid-state consolidation method, combining both powder metallurgy processing and hot extrusion. The study carried out was based on a pin-on-ring apparatus under dry sliding conditions (dry friction. Both friction coefficient and wear rate were measured for each composite. Scanning Electron Microscope (SEM was used to analyse wear and the tribolayer formed. Results show that wear rate is lower in composites than in the unreinforced alloy in every case, as expected. Differences among composites are probably related to different particle size rather than nature of reinforcements. On the other hand, friction coefficient do not show a trend on composites, being lower than the base alloy in some cases and higher in others.

    El presente artículo trata sobre las propiedades tribológicas en materiales compuestos de matriz de aleación de aluminio AA6061, reforzados con partículas cerámicas de diferente naturaleza: TiB2, B4C, Si3N4, SiC y Al2O3. Los materiales compuestos fueron obtenidos mediante un procedimiento de consolidación en estado sólido que combina la pulvimetalurgia con un proceso de extrusión en caliente. El estudio tribológico realizado se basó en una metodología de ensayo del tipo pin-on-ring con deslizamiento en seco (sin lubricación. Se analizaron para cada caso el coeficiente de rozamiento y la tasa de desgaste en función de la distancia de deslizamiento. Asimismo, las muestras ensayadas se observaron mediante microscopía electrónica de barrido. Los resultados obtenidos demuestran que las tasas de desgaste de los compuestos son inferiores en todos los casos a los de la matriz sin reforzar. Entre los compuestos, las diferencias encontradas son debidas al tamaño medio de las partículas de refuerzo, obteni

  15. Catalizadores soportados en carbón activado para la oxidación total de Compuestos Orgánicos Volátiles

    OpenAIRE

    Abdelouahab Reddam, Zinab

    2015-01-01

    Los compuestos orgánicos volátiles (COVs) forman un grupo importante de contaminantes atmosféricos. Estos compuestos, precursores de la formación de ozono troposférico, no sólo son perjudiciales para los seres humanos, sino que también pueden alterar la actividad fotosintética de las plantas y contribuyen al calentamiento global del planeta. Por ello, se han desarrollado varias técnicas para su eliminación en corrientes de aire contaminadas, de las cuales la oxidación catalítica ha demostrado...

  16. Stochastic volatility of volatility in continuous time

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole; Veraart, Almut

    This paper introduces the concept of stochastic volatility of volatility in continuous time and, hence, extends standard stochastic volatility (SV) models to allow for an additional source of randomness associated with greater variability in the data. We discuss how stochastic volatility...... of volatility can be defined both non-parametrically, where we link it to the quadratic variation of the stochastic variance process, and parametrically, where we propose two new SV models which allow for stochastic volatility of volatility. In addition, we show that volatility of volatility can be estimated...

  17. Modelado de Materiales Compuestos por Elementos Finitos usando Restricciones Cinemáticas Finite Element Modeling of Composite Materials using Kinematic Constraints

    Directory of Open Access Journals (Sweden)

    Oscar E. Ruiz

    2009-12-01

    Full Text Available El propósito de este artículo es presentar simulaciones del comportamiento de materiales compuestos basado en restricciones cinemáticas entre las mismas fibras y entre las fibras y la resina circundante. En la revisión de literatura, los autores han encontrado que las restricciones cinemáticas no han sido plenamente explotadas para modelar materiales compuestos, probablemente debido a su alto costo computacional. El propósito de este articulo es exponer la implementación y resultados de tal modelo, usando Análisis por Elementos Finitos de restricciones geométricas prescritas a los nodos de la resina y las fibras. Las descripciones analíticas del comportamiento de materiales compuestos raramente aparecen. Muchas aproximaciones para describir materiales compuestos en capas son basadas en la teoría de funciones C1Z y C0 Z, tal como la Teoría Clásica de Capas (CLT. Estas teorías de funciones contienen significativas simplificaciones del material, especialmente para compuestos tejidos. Una aproximación hibrida para modelar materiales compuestos con Elementos Finitos (FEA fue desarrollada por Sidhu y Averill y adaptada por Li y Sherwood para materiales compuestos tejidos con polipropileno de vidrio.The purpose of this article is to present simulations of the behavior of composite materials based on kinematic restrictions among the fibers themselves and among fibers and the surrounding resine. In the literature review the authors have found that the kinematic restrictions have not been fully exploited for modeling composite materials, probably due to their high computational expense. The purpose of this article is to show the implementation and results of such a model, by using a Finite Element Analysis of geometric restrictions prescribed to the resine and fiber nodes. Closed analytic descriptions on behavior of layered composite materials are very rare. Many approaches to describe layered composite material are based on the theory of

  18. Compuestos sintéticos del tipo de estirilquinolinas con actividades leishmanicida y citotóxica

    Directory of Open Access Journals (Sweden)

    Emy Luz Sánchez

    2014-12-01

    Conclusión. A pesar de su toxicidad, el compuesto E3 de la 2-estirilquinolina demostró una actividad prometedora contra L. (V. panamensis, pues fue capaz de inhibir de manera significativa los amastigotes en el interior de la célula y de reducir la infección.

  19. Compuestos de Paladio soportados en distintos materiales. Aplicación en Catálisis heterogénea

    OpenAIRE

    Leyva Perez, Antonio

    2011-01-01

    Leyva Perez, A. (2005). Compuestos de Paladio soportados en distintos materiales. Aplicación en Catálisis heterogénea [Tesis doctoral no publicada]. Universitat Politècnica de València. doi:10.4995/Thesis/10251/1839.

  20. Evaluación de las propiedades de materiales compuestos fabricados a partir de fibras semiquímicas de Leucaena collinsii y polipropileno

    OpenAIRE

    Granda Garcia, Luis Angel

    2016-01-01

    La presente tesis estudia el efecto que produce reforzar una fibra semiquímica de Leucaena collinsii en las propiedades mecánicas, térmicas y de sorción de agua de materiales compuestos de polipropileno. Se obtienen probetas de materiales compuestos con distinto contenido de refuerzo y se estabilizan en una cámara climática durante 48 horas antes de ser ensayadas a tracción, flexión e impacto, y se analiza la morfologia de la fractura mediante SEM. Posteriormente se estudian sus propiedad...

  1. Efecto citotóxico de algunos compuestos naturales aislados de plantas Laureaceae y derivados sintéticos

    Directory of Open Access Journals (Sweden)

    Luis Enrique Cuca

    2011-03-01

    Conclusión. Los compuestos evaluados que exhibieron actividad contra la proliferación celular mostraron resultados interesantes, lo cual sugiere su potencial uso como cabezas de serie o moléculas plantilla en el desarrollo de agentes anticancerígenos.

  2. Comparación de la microestructura y propiedades de impacto de dos materiales compuestos laminados de acero de ultraalto contenido de carbono

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    Pozuelo, M.

    2004-04-01

    Full Text Available Two ferrous laminated composites containing six layers have been processed by roll bonding. One of them consists of three layers of an ultrahigh carbon steel (1.3%C UHCS interlayered with other three layers of a microalloyed steel. The other composite consists of three layers of UHCS and three layers of a mild steel. Microstructure, Vickers hardness and impact properties have been studied. The absorbed energy values of the two laminated composites were higher than that of the UHCS.

    Se procesaron mediante laminación en caliente dos materiales compuestos laminados de acero de ultraalto contenido de carbono (AUAC, 1,3%C de seis capas cada uno: El primero está compuesto por tres capas de AUAC alternadas con tres capas de un acero microaleado, y el segundo con tres del mismo AUAC alternadas con tres de un acero suave. Se ha realizado un estudio de sus microestructuras, dureza Vickers y propiedades de impacto. Se han mejorado los valores de energía absorbida de los dos materiales compuestos laminados respecto al del AUAC.

  3. Determinación de compuestos polares por TLC-FID en aceites refinado y semi-hidrogenado de soja sometidos a calentamiento prolongado

    Directory of Open Access Journals (Sweden)

    Cruzian, J. L.

    1997-06-01

    Full Text Available The thermal degradation of oils and fats leads to the formation of polar compounds, which is the reason why their determination is adopted for the quality control of the oil and fat used in frying. Samples of refined and partially hydrogenated soybean oil were heated for 30 and 60 hours respectively and the polar compounds content were determined using the lUPAC-AOAC official method and TLC-FID. The samples of oil and the fractions separated on the column were applied to the chromarods and developed in petroleum ether: diethyl ether (93:7 v/v. The determination of polar compounds by lUPAC method and by TLC-FID presented similar results (P-value<< 0,001, although when the content was greater than 16% the second method gave higher values. The results showed that the state of degradation of oils and fats as measured for the quantity of polar compounds can be determined alternatively by TLC-FID, presenting a significant reduction in time, hand work and solvent volume.

    La degradación térmica de aceites y grasas lleva a la formación de compuestos polares, motivo por el cual su determinación es usada como control de calidad de aceites y grasas utilizadas en fritura. Muestras de aceite de soja refinado y semi-hidrogenado fueron calentadas durante 30 y 60 horas respectivamente y el contenido de compuestos polares fue determinado utilizando el método oficial lUPAC-AOAC y TLCFID. Las muestras de aceite y las fracciones separadas en la columna fueron aplicadas en los «chromarods» y desarrolladas en éter de petróleo: éter etílico (93:7 v/v. La determinación de compuestos polares por el método lUPAC y por TLC-FID, dieron resultados similares (P-value<< 0,001, aunque los obtenidos por el segundo método fueron superiores, cuando los compuestos polares superan el 16%. Los resultados obtenidos indican que el estado de descomposición de aceites y grasas medido por la cantidad de compuestos polares puede ser determinado alternativamente por

  4. Modelos de elementos finitos de componentes de autobuses fabricados en materiales compuestos

    OpenAIRE

    Grimaldi Pastoril, Rocío; Alcalá Fazio, Enrique

    2010-01-01

    La creciente preocupación por la seguridad en el transporte de pasajeros, ha hecho que las estructuras de los autobuses y autocares se vean sometidas a solicitaciones cada vez más exigentes, sobre todo ante condiciones de vuelco cuyos requerimientos vienen determinados por el Reglamento 66 de ginebra. Es por eso que en esta ponencia se pretende presentar una alternativa de pilares de estructura con materiales compuestos para el uso de los mismos como método reductor de masa de los vehícu...

  5. Caracterización del material compuesto mármol-poliéster

    OpenAIRE

    Corpas Iglesias, F. A.; Iglesias Godino, F. J.; Codina Sánchez, S.; Ruiz Román, J. M.; Ruiz Prieto, J. M.; Alonso Santos, C.

    2002-01-01

    En este trabajo, caracterizamos un nuevo material compuesto, formado con una mezcla de poliéster y de mármol blanco triturado. El propósito final es doble: por un lado obtener un material para aplicaciones lo suficientemente competitivas como para que se pueda iniciar un estudio económico de viabilidad, aumentando el rendimiento de la materia prima y mejorando las salidas laborales de las comarcas extractoras. Para la caracterización del material se ha determinado el porcentaje adecuado de...

  6. Identificación de los compuestos volátiles de frutos de papaya sin ovipositar y ovipositados por toxotrypana curvicauda (diptera: tephritidae).

    OpenAIRE

    Ruiz Gómez, Olga Lidia

    2016-01-01

    En los tefrítidos la búsqueda, localización y aceptación del hospedero, depende generalmente de estímulos químicos que pueden ser identificados por las hembras a la distancia. La emisión de compuestos volátiles del fruto, puede cambiar con la oviposición y modificar la atracción de las hembras. En el presente estudio se evaluó la atracción de hembras grávidas de Toxotrypana curvicauda hacia frutos de papaya sin ovipositar y ovipositados y se identificaron los compuestos volátiles de los fruto...

  7. Estudio teórico de moléculas de interés en Astrofísica: compuestos binarios policarbonados

    Science.gov (United States)

    Largo-Cabrerizo, A.

    Se han detectado en el espacio distintos compuestos binarios policarbonados (que se pueden formular como CnX), algunos de ellos con elementos de la primera fila del sistema periódico, pero también existen otros que contienen elementos de la segunda fila, como azufre o silicio. La información experimental sobre estos últimos compuestos es escasa, por lo que los estudios teóricos son especialmente valiosos en este campo. En esta comunicación presentaremos los avances mas recientes que sobre el tema ha realizado nuestro grupo. Incidiremos particularmente en dos aspectos. En primer lugar resumiremos los estudios en los que hemos intentado proporcionar información estructural sobre carburos metálicos formados por sodio, magnesio, aluminio o calcio, que pueda ser de ayuda a la hora de caracterizar estas moléculas en laboratorio como paso previo a su eventual detección en el espacio. Un aspecto importante dentro de este primer apartado es el análisis de las propiedades moleculares en función del tamaño del sistema (cuantificado en el numero de átomos de carbono) con el objeto de intentar sistematizar su estudio. En segundo lugar comentaremos brevemente algunos de los estudios realizados sobre posibles reacciones que pueden ser vías de síntesis de este tipo de compuestos en el medio interestelar.

  8. Volatile compounds in the perirenal fat from calves finished on semiextensive or intensive systems with special emphasis on terpenoids

    Directory of Open Access Journals (Sweden)

    Soto, S.

    2015-12-01

    Full Text Available Grazing ruminants and their production systems have been associated with lower environmental impact and higher animal welfare, along with distinctive meat quality characteristics when compared to intensively reared animals. Recent studies have been aimed at finding compounds in ruminant meat and fat which could be used as tracers of herbage feeding. This study determined and compared the volatile composition of the perirenal fat from Tudanca-breed calves reared on semi-extensive (SE; n=8 or intensive (I; n=8 systems. The volatile compounds of perirenal fat were analyzed using simultaneous distillation-extraction and gas chromatography coupled with mass spectrometry (GC/MS with the mass spectra detector operating in full scan mode. Terpenes were also determined using solid-phase micro-extraction and GC/MS operating in the selective ion monitoring mode. The SE system resulted in decreased levels of octanal, 2-octenal and 2,4-decadienal, and increased levels of 2,3-octanedione and skatole. The levels of α-pinene, aromadendrene, α-phellandrene, eucalyptol and α-gurjunene were higher for the SE system. Fenchene, eucalyptol and α-gurjunene have not been reported in previous studies on beef volatiles. The study showed the possibility of using several terpenes of perirenal fat as indicators of pasture-feeding in Tudanca calves.La producción de rumiantes en pastoreo puede suponer un menor impacto ambiental y un mayor bienestar animal, y considerarse como una característica de calidad diferenciada de la carne generada, con respecto a los animales producidos de forma intensiva. En estudios recientes se ha investigado sobre la presencia de compuestos en la carne o grasa de rumiantes que puedan ser utilizados como marcadores de alimentación a base de pasto. En el presente estudio se ha determinado y comparado la composición volátil de la grasa perirrenal de terneros de raza Tudanca criados mediante un sistema semi-extensivo (SE; n=8 o intensivo (I

  9. ANÁLISIS DEL PERFIL DE COMPUESTOS VOLÁTILES DEL MANGO (Mangifera indica L. Var. Tommy Atkins) TRATADO POR MÉTODOS COMBINADOS

    OpenAIRE

    Angélica Moreno; David F. León; Germán A. Giraldo; Eunice Ríos

    2010-01-01

    Se evaluó el perfil de compuestos volátiles del mango (Mangifera indica L. Var. Tommy Atkins) al ser tratado con la combinación de los métodos de deshidratación osmótica con o sin pulso de vacío (DOPV y DO) y con secado por aire caliente o con vacío (SAC y VAC). El tiempo utilizado en la cinética del proceso de DO fue de 42 horas y la DOPV de 30 horas; en los procesos de secado, el SAC se realizó durante 24 horas y el VAC requirió 40 horas. En el perfil de compuestos volátiles del mango fresc...

  10. Comportamiento dieléctrico de compuestos epoxi/aluminio/BaTiO3

    Directory of Open Access Journals (Sweden)

    Castro, M. S.

    2009-06-01

    Full Text Available In order to improve the dielectric behaviour of epoxi/BaTiO3, in this work the influence of micrometric aluminum metal flakes (Al, on the dielectric properties of epoxy / BaTiO3 composites was studied. Epoxy resin, Al and BaTiO3 were mixed using an ultrasonic mixer and composites were deposited onto glass substrates by dipping technique. Obtained materials presented good dielectric properties at room temperature, and relaxation process appeared due to the resin behaviour. Obtained results were compared with those reported in literature for similar systems.Con el objetivo de mejorar el comportamiento dieléctrico de los compuestos epoxi/BaTiO3, en este trabajo se estudió la influencia de partículas metálicas de aluminio (Al, con forma de escamas y tamaño micrométrico, sobre las propiedades dieléctricas de sistemas epoxi / BaTiO3. El material compuesto fue obtenido por la técnica de inmersión o “dipping”. La mezcla de los componentes fue llevado a cabo en mezclador ultrasónica y la deposición se realizó sobre sustratos de vidrio. Los materiales obtenidos presentaron buenas propiedades dieléctricas a temperatura ambiente, sin alcanzar el límite de percolación, y los fenómenos de relajación fueron generados por los dominios de la resina. Los valores obtenidos fueron comparados con los reportados en la bibliografía para sistemas similares.

  11. Separación enantiomérica y/o determinación de compuestos de interés medioambiental por metodologías analíticas electroforéticas y cromatográficas innovadoras

    OpenAIRE

    Pérez Fernández, Virginia

    2013-01-01

    García González, María Ángeles, codir. Hoy en día existen un gran número de compuestos orgánicos tanto naturales como sintéticos que se emplean con diversos fines y en cantidades realmente grandes. Este es el caso de los compuestos empleados y generados en la producción y conservación de alimentos, procesos industriales de todo tipo, fármacos de uso humano y veterinario, productos de higiene y cuidado personal, etc. Todos estos compuestos, sin embargo, no son del todo inocuos y además pue...

  12. Propiedades electrónicas en compuestos intermetálicos de Ce: del cálculo de bandas a las interacciones de muchos cuerpos

    OpenAIRE

    Vildosola, Verónica L.

    2004-01-01

    En este trabajo se estudian las propiedades electrónicas de compuestos de Cerio que se caracterizan por la presencia de electrones 4ƒ. En una primera parte, se llevan a cabo cálculos de primeros principios mediante el método FP-LAPW para analizar el efecto del entorno químico y cristalino en el grado de localización espacial del estado 4ƒ y su relación con el valor del momento magnético de espín del Cerio en un grupo de compuestos de Cerio. Posteriormente, dentro del mismo marco teórico nos a...

  13. COMPUESTOS DE HIERRO PARA SUPLEMENTACIÓN ORAL: PRINCIPIOS Y AVANCES -REVISIÓN SISTEMATICA

    OpenAIRE

    PEREZ M, Lina J.; TOBÓN, Gloria

    2006-01-01

    Se presenta una revisión que abarca los principales aspectos sobre la absorción oral del hierro (fuentes y captación) y sus funciones en el organismo, centrándose en la tendencia actual de utilizar complejos o quelatos de este metal con ligandos orgánicos para el tratamiento oral por deficiencia del mismo (monosacáridos, aminoácidos y ácidos carboxílicos de bajo peso molecular), ya que estos compuestos aumentan la biodisponibilidad del hierro y disminuyen los efectos adversos que presentan su...

  14. ESTUDIO DE LA RESISTENCIA MECÁNICA DE MATERIALES COMPUESTOS POLIMÉRICOS REFORZADOS CON FIBRAS DE CARBONO

    Directory of Open Access Journals (Sweden)

    Enrique Rocha-Rangel

    2011-01-01

    Full Text Available Materiales compuestos hechos de una resina epóxica reforzada con diferentes contenidos de fibra de carbono, fueron preparados por dos técnicas de laminación diferentes. Se aplicó 1 Kg/cm2 de presión en los laminados, mientras, que otros laminados se sometieron a un vacío de 1 atm. De los resultados se tiene que las resistencias a la flexión y tensión de los compósitos son mejoradas con el aumento en el contenido de fibra en los mismos. Los compósitos resultantes presentan un mejor comportamiento mecánico bajo esfuerzos de tensión que cuando lo hacen bajo esfuerzos de flexión, debido a que en flexión las fibras se rompen eventualmente, provocando que el material falle a bajos valores de esfuerzo. Cuando los materiales compuestos son sometidos a tensión, las fibras trasmiten los esfuerzos entre ellas y el material falla hasta que se acumula la energía necesaria para romper todas las fibras de una sola vez.

  15. Improved organic scintillation detectors; Possibilites de perfectionnement des detecteurs organiques a scintillations; Usovershenstvovannye organicheskie stsintillyatsionnye detektory; Detectores organicos de centelleo perfeccionados

    Energy Technology Data Exchange (ETDEWEB)

    Birks, J B [University of Manchester, Manchester (United Kingdom)

    1962-04-15

    Equations have been derived for the practical scintillation efficiency (photo-electrons/MeV) of organic crystals and solutions in terms of molecular parameters and these have been applied to the more important scintillator systems, for photomultipliers with S11 (glass window) and S13 (quartz window) responses. The results suggest several improvements in current organic scintillation detector practice: the use of binary rather than ternary solutions; the use of quartz rather than glass windows; and the reconsideration of mixed crystal scintillators based on naphthalene. Improvements by factors of 2 or more in the figure of merit (practical efficiency/decay time) for fast-scintillation counting can be obtained. (author) [French] L'auteur a etabli des equations pour determiner le rendement de scintillation (photoelectrons/MeV) de cristaux et solutions organiques, en faisant intervenir des parametres moleculaires. Il a applique ces equations a des appareils a scintillations plus importantes pour determiner la reponse des photomultiplicateurs a fenetre en verre (S11) et a fenetre en quartz (S13). Les resultats obtenus ont fait apparaitre la possibilite d'ameliorer, a plusieurs egards, les detecteurs organiques a scintillations du type courant, par exemple en remplacant les solutions ternaires par des solutions binaires, les fenetres en verre par des fenetres en quartz, ou en reexaminant les possibilites offertes par les scintillateurs a cristaux mixtes a base de naphtalene. L'introduction de ces perfectionnements conduirait a une amelioration, du simple au double ou plus, du facteur de qualite (efficacite/temps de decroissance) des dispositifs de comptage a scintillations. (author) [Spanish] Se han establecido ecuaciones que permiten calcular el rendimiento practico de centelleo (fotoelectrones/MeV) de los cristales y soluciones organicos en funcion de parametros moleculares; estas ecuaciones han sido aplicadas a los sistemas de centelleo mas importantes, para

  16. Desarrollo de materiales compuestos avanzados basados en fibras de carbono para la industria aeroespacial

    OpenAIRE

    Rodriguez, Exequiel Santos

    2015-01-01

    En este trabajo se estudia el desarrollo de materiales compuestos de matriz polimérica reforzados con fibras de carbono para aplicaciones que presentan solicitaciones severas. Este es el caso de la industria aeroespacial, que utiliza componentes en cohetes y aeronaves que se ven sometidos a altas solicitaciones mecánicas y están expuestos a las altas temperaturas. Es por ello que se estudiaron materiales para diversas aplicaciones basados en fibras de carbono: preimpregnados de fibras y resin...

  17. Nonvolatile, semivolatile, or volatile: redefining volatile for volatile organic compounds.

    Science.gov (United States)

    Võ, Uyên-Uyén T; Morris, Michael P

    2014-06-01

    Although widely used in air quality regulatory frameworks, the term "volatile organic compound" (VOC) is poorly defined. Numerous standardized tests are currently used in regulations to determine VOC content (and thus volatility), but in many cases the tests do not agree with each other, nor do they always accurately represent actual evaporation rates under ambient conditions. The parameters (time, temperature, reference material, column polarity, etc.) used in the definitions and the associated test methods were created without a significant evaluation of volatilization characteristics in real world settings. Not only do these differences lead to varying VOC content results, but occasionally they conflict with one another. An ambient evaporation study of selected compounds and a few formulated products was conducted and the results were compared to several current VOC test methodologies: SCAQMD Method 313 (M313), ASTM Standard Test Method E 1868-10 (E1868), and US. EPA Reference Method 24 (M24). The ambient evaporation study showed a definite distinction between nonvolatile, semivolatile, and volatile compounds. Some low vapor pressure (LVP) solvents, currently considered exempt as VOCs by some methods, volatilize at ambient conditions nearly as rapidly as the traditional high-volatility solvents they are meant to replace. Conversely, bio-based and heavy hydrocarbons did not readily volatilize, though they often are calculated as VOCs in some traditional test methods. The study suggests that regulatory standards should be reevaluated to more accurately reflect real-world emission from the use of VOC containing products. The definition of VOC in current test methods may lead to regulations that exclude otherwise viable alternatives or allow substitutions of chemicals that may limit the environmental benefits sought in the regulation. A study was conducted to examine volatility of several compounds and a few formulated products under several current VOC test

  18. Modelos animales y células derivadas para su uso en la determinación de compuestos útiles en el tratamiento de linfomas de células T

    OpenAIRE

    Bustelo, Xosé R.; Ruiz Macías, Sergio; Santos de Dios, Eugenio

    2008-01-01

    Modelos animales y células derivadas para su uso en la determinación de compuestos útiles en el tratamiento de linfomas de células T. La presente invención se encuadra dentro del campo de la biotecnología. Se refiere a un método para evaluar si un compuesto es efectivo en la prevención y/o tratamiento de una enfermedad asociada a linfomas de células T.

  19. Pricing Volatility of Stock Returns with Volatile and Persistent Components

    DEFF Research Database (Denmark)

    Zhu, Jie

    In this paper a two-component volatility model based on the component's first moment is introduced to describe the dynamic of speculative return volatility. The two components capture the volatile and persistent part of volatility respectively. Then the model is applied to 10 Asia-Pacific stock m......, a positive or risk-premium effect exists between return and the volatile component, yet the persistent component is not significantly priced for return dynamic process....... markets. Their in-mean effects on return are also tested. The empirical results show that the persistent component accounts much more for volatility dynamic process than the volatile component. However the volatile component is found to be a significant pricing factor of asset returns for most markets...

  20. Testing for Volatility Co-movement in Bivariate Stochastic Volatility Models

    OpenAIRE

    Chen, Jinghui; Kobayashi, Masahito; McAleer, Michael

    2017-01-01

    markdownabstractThe paper considers the problem of volatility co-movement, namely as to whether two financial returns have perfectly correlated common volatility process, in the framework of multivariate stochastic volatility models and proposes a test which checks the volatility co-movement. The proposed test is a stochastic volatility version of the co-movement test proposed by Engle and Susmel (1993), who investigated whether international equity markets have volatility co-movement using t...

  1. Endogenous Lunar Volatiles

    Science.gov (United States)

    McCubbin, F. M.; Liu, Y.; Barnes, J. J.; Boyce, J. W.; Day, J. M. D.; Elardo, S. M.; Hui, H.; Magna, T.; Ni, P.; Tartese, R.; hide

    2017-01-01

    The chapter will begin with an introduction that defines magmatic volatiles (e.g., H, F, Cl, S) versus geochemical volatiles (e.g., K, Rb, Zn). We will discuss our approach of understanding both types of volatiles in lunar samples and lay the ground work for how we will determine the overall volatile budget of the Moon. We will then discuss the importance of endogenous volatiles in shaping the "Newer Views of the Moon", specifically how endogenous volatiles feed forward into processes such as the origin of the Moon, magmatic differentiation, volcanism, and secondary processes during surface and crustal interactions. After the introduction, we will include a re-view/synthesis on the current state of 1) apatite compositions (volatile abundances and isotopic compositions); 2) nominally anhydrous mineral phases (moderately to highly volatile); 3) volatile (moderately to highly volatile) abundances in and isotopic compositions of lunar pyroclastic glass beads; 4) volatile (moderately to highly volatile) abundances in and isotopic compositions of lunar basalts; 5) volatile (moderately to highly volatile) abundances in and isotopic compositions of melt inclusions; and finally 6) experimental constraints on mineral-melt partitioning of moderately to highly volatile elements under lunar conditions. We anticipate that each section will summarize results since 2007 and focus on new results published since the 2015 Am Min review paper on lunar volatiles [9]. The next section will discuss how to use sample abundances of volatiles to understand the source region and potential caveats in estimating source abundances of volatiles. The following section will include our best estimates of volatile abundances and isotopic compositions (where permitted by available data) for each volatile element of interest in a number of important lunar reservoirs, including the crust, mantle, KREEP, and bulk Moon. The final section of the chapter will focus upon future work, outstanding questions

  2. Oil and stock market volatility: A multivariate stochastic volatility perspective

    International Nuclear Information System (INIS)

    Vo, Minh

    2011-01-01

    This paper models the volatility of stock and oil futures markets using the multivariate stochastic volatility structure in an attempt to extract information intertwined in both markets for risk prediction. It offers four major findings. First, the stock and oil futures prices are inter-related. Their correlation follows a time-varying dynamic process and tends to increase when the markets are more volatile. Second, conditioned on the past information, the volatility in each market is very persistent, i.e., it varies in a predictable manner. Third, there is inter-market dependence in volatility. Innovations that hit either market can affect the volatility in the other market. In other words, conditioned on the persistence and the past volatility in their respective markets, the past volatility of the stock (oil futures) market also has predictive power over the future volatility of the oil futures (stock) market. Finally, the model produces more accurate Value-at-Risk estimates than other benchmarks commonly used in the financial industry. - Research Highlights: → This paper models the volatility of stock and oil futures markets using the multivariate stochastic volatility model. → The correlation between the two markets follows a time-varying dynamic process which tends to increase when the markets are more volatile. → The volatility in each market is very persistent. → Innovations that hit either market can affect the volatility in the other market. → The model produces more accurate Value-at-Risk estimates than other benchmarks commonly used in the financial industry.

  3. Compuestos nitrogenados indicadores de estrés en respuesta a las dosis tóxicas y deficientes de Nitrógeno en frijol ejotero

    Directory of Open Access Journals (Sweden)

    Esteban Sánchez

    2016-01-01

    Full Text Available Introducción: Un amplio rango de estreses ambientales, tales como baja temperatura, sequía, alcalinidad, salinidad, deficiencia y toxicidad de nutrientes son potencialmente dañinos para las plantas. El papel del nitrógeno como nutriente esencial y componente estructural de aminoácidos, proteínas, ácidos nucleicos y otros constituyentes esenciales para el desarrollo ha sido ampliamente documentado en varias especies debido a la importancia en los procesos de crecimiento y producción agrícola. Sin embargo, en la actualidad, existe escasa literatura del efecto de la deficiencia y toxicidad de nitrógeno sobre los compuestos osmoreguladores como indicadores de estrés en plantas. Por lo que el objetivo del presente trabajo fue estudiar los compuestos nitrogenados indicadores de estrés (prolina, glicinabetaina y colina en respuesta a las dosis tóxicas y deficientes de N en frijol ejotero desarrollado en cámara de cultivo bajo condiciones controladas y sistema hidropónico. Método: El nitrógeno fue aplicado a la solución nutritiva en la forma de NH4NO3 y en dosis crecientes: N1 = 1.5 mM, N2 = 3.0 mM, N3 = 6.0 mM, N4 = 12.0 mM, N5 = 18.0 mM y N6 = 24.0 mM de N. Los parámetros analizados fueron la acumulación de biomasa, la concentración de prolina, glicinabetaina y colina en hojas, raíces, semillas y vainas de frijol ejotero cv. Strike. Resultados: La aplicación de dosis deficientes y tóxicas de N afectó la producción de biomasa en frijol, siendo las dosis tóxicas las que afectaron más este parámetro. Por otro lado, resaltar que los osmoreguladores prolina, glicinabetaina y colina solamente se acumularon bajo condiciones de toxicidad de N (N6, sin embargo, en condiciones de estrés provocado por la deficiencia de N (N1 no se produce la acumulación de estos compuestos. Discusión o Conclusión: Los compuestos nitrogenados indicadores de estrés solamente se acumulan bajo condiciones de toxicidad de N (N6, sin embargo en

  4. Pricing Volatility of Stock Returns with Volatile and Persistent Components

    DEFF Research Database (Denmark)

    Zhu, Jie

    2009-01-01

    This paper introduces a two-component volatility model based on first moments of both components to describe the dynamics of speculative return volatility. The two components capture the volatile and the persistent part of volatility, respectively. The model is applied to 10 Asia-Pacific stock ma...... markets. A positive or risk-premium effect exists between the return and the volatile component, yet the persistent component is not significantly priced for the return dynamic process....... markets. Their in-mean effects on returns are tested. The empirical results show that the persistent component is much more important for the volatility dynamic process than is the volatile component. However, the volatile component is found to be a significant pricing factor of asset returns for most...

  5. Volatility in energy prices

    International Nuclear Information System (INIS)

    Duffie, D.

    1999-01-01

    This chapter with 58 references reviews the modelling and empirical behaviour of volatility in energy prices. Constant volatility and stochastic volatility are discussed. Markovian models of stochastic volatility are described and the different classes of Markovian stochastic volatility model are examined including auto-regressive volatility, option implied and forecasted volatility, Garch volatility, Egarch volatility, multivariate Garch volatility, and stochastic volatility and dynamic hedging policies. Other volatility models and option hedging are considered. The performance of several stochastic volatility models as applied to heating oil, light oil, natural gas, electricity and light crude oil are compared

  6. Determinación de la capacidad antioxidante y compuestos fenólicos de cereales andinos: quinua (Chenopodium quinoa), kañiwa (Chenopodium pallidicaule) y kiwicha (Amaranthus caudatus)

    OpenAIRE

    Repo de Carrasco, Ritva; Encina Zelada, Christian Rene

    2008-01-01

    Se realizó la extracción de compuestos hidrofílicos y lipofílicos de cereales andinos, siendo el de mayor contenido en ambos casos la muestra de kañiwa (Chenopodium pallidicaule variedad cupi), siguiendo la de quinua (Chenopodium quinoa ecotipo marrón) y finalmente la kiwicha (Amaranthus caudatus ecotipo negra). Se realizó la determinación del contenido de compuestos fenólicos en quince variedades de quinua, siendo la de mayor contenido la variedad PIQ031046 con 139,94 mg ácido gálico/100 g; ...

  7. Modelización de impactos de material compuesto contra célula de carga

    OpenAIRE

    López Toledo, Álvaro

    2015-01-01

    En el presente trabajo fin de grado se han desarrollado dos modelos numéricos correspondientes a un modelo completo y otro simplificado donde se hace impactar lajas de material compuesto de dimensiones 81x42 mm2 y 2.4 mm de espesor y de secuencia de laminado (+45/-45/0/90/90/0)s. Este material está formado por doce láminas y se recrea de varias formas, introduciendo diferente cantidad de elementos cohesivos, en concreto de cero, uno y tres. Para ambos modelos se utilizan velocidades de lanzam...

  8. Biodisponibilidad de diferentes compuestos de hierro añadidos a un néctar de frutas funcional. Interacción con las vitaminas y Fructo-oligosacáridos

    OpenAIRE

    Haro Vicente, Juan Francisco

    2006-01-01

    El enriquecimiento de los alimentos con hierro es considerado una de las estrategias más eficaces en la prevención de la deficiencia en hierro. El éxito del enriquecimiento de los alimentos depende tanto del tipo de alimento como del compuesto de hierro seleccionado. En nuestro estudio se seleccionó un néctar de frutas y varios compuestos de hierro: Pirofosfato férrico micronizado (PFM), Bisglicinato ferroso (BF) y Sulfato ferroso (SF), éste último como referencia, junto con las vitaminas C, ...

  9. Análisis del perfil de compuestos volátiles del mango (mangifera indica l. var. tommy atkins) tratado por métodos combinados

    OpenAIRE

    Moreno, Angélica; León, David F.; Giraldo, Germán A.; Ríos, Eunice

    2010-01-01

    Se evaluó el perfil de compuestos volátiles del mango (Mangifera indica L. Var. Tommy Atkins) al ser tratado con la combinación de los métodos de deshidratación osmótica con o sin pulso de vacío (DOPV y DO) y con secado por aire caliente o con vacío (SAC y VAC). El tiempo utilizado en la cinética del proceso de DO fue de 42 horas y la DOPV de 30 horas; en los procesos de secado, el SAC se realizó durante 24 horas y el VAC requirió 40 horas. En el perfil de compuestos volátiles del mango fresc...

  10. Volatility Discovery

    DEFF Research Database (Denmark)

    Dias, Gustavo Fruet; Scherrer, Cristina; Papailias, Fotis

    The price discovery literature investigates how homogenous securities traded on different markets incorporate information into prices. We take this literature one step further and investigate how these markets contribute to stochastic volatility (volatility discovery). We formally show...... that the realized measures from homogenous securities share a fractional stochastic trend, which is a combination of the price and volatility discovery measures. Furthermore, we show that volatility discovery is associated with the way that market participants process information arrival (market sensitivity......). Finally, we compute volatility discovery for 30 actively traded stocks in the U.S. and report that Nyse and Arca dominate Nasdaq....

  11. Sensory analysis and volatile compounds of olive oil (cv. Cobrançosa from different irrigation regimes

    Directory of Open Access Journals (Sweden)

    Fernandes-Silva, A. A.

    2013-03-01

    Full Text Available The aim of this study was to assess the effect of different irrigation strategies on the sensory quality of virgin olive oil (VOO from the cv. “cobrançosa” integrated into a protected denomination of origin of “Azeite de Trás-os-Montes” in the Northeast of Portugal. Three irrigation treatments were applied: (T2-full irrigation, which received a seasonal water equivalent of 100% of the estimated crop evapotranspiration (ETc, (T1-continuous deficit irrigation (30% ETc and (T0- rainfed treatment. Data were collected from two consecutive crop years (2005-2006. Olive oil samples were analyzed for volatiles by GC-MS and the results compared with sensory evaluation data. Total volatile compounds tended to decrease with the amount of water applied. The characteristics pungent and bitter were more pronounced in olive oils from T0 and T1, which had higher polyphenolic concentrations, with a strong positive relationship with this variable and the bitter attribute. The Principal Components Analysis clearly separates the three olive oils from 2005, the driest year, and aggregates into a single group the three samples from 2006, suggesting no effect of irrigation on volatile compounds in years with a rainy spring and a marked effect in years with severe drought, suggesting that the effect of the trees’ water status on these variables occurs throughout the crop season and not just during the oil accumulation phase. In general, olive oil from the cv. Cobrançosa is more bitter than pungent and has a typical nutty sensory attribute shown by a strong positive relationship between benzaldehyde and the sensory notes of almonds and nuts.

    Este estudio tiene como objetivo evaluar el efecto de distintas estrategias de riego en la composición relativa de los compuestos volátiles y en la calidad sensorial. El experimento se realizó en el Noreste de Portugal, dentro de la denominación de origen protegida “Azeites de Tr

  12. Reactividad matriz-refuerzo en compuestos de matriz de titanio pulvimetalúrgico

    Directory of Open Access Journals (Sweden)

    Amigó, V.

    2007-12-01

    Full Text Available The high reactivity of titanium and the facility of the same one to form intermetallics makes difficult obtaining composites with this material and brings the need in any case of covering the principal fibres used as reinforcement. To obtain composites of titanium reinforced with ceramic particles is proposed in this paper, and for this reason it turns out to be fundamental to evaluate the reactivity between the matrix and reinforcement. Both titanium nitride and carbide (TiN and TiC are investigated as materials of low reactivity whereas titanium silicide (TiSi2 is also studied as materials of major reactivity, already stated by the scientific community. This reactivity will be analyzed by means of scanning electron microscopy (SEM there being obtained distribution maps of the elements that allow to establish the possible influence of the sintering temperature and time. Hereby the matrix-reinforcement interactions are optimized to obtain suitable mechanical properties.

    La elevada reactividad del titanio y la facilidad del mismo en formar intermetálicos dificulta la obtención de compuestos con este material y la necesidad, en todo caso, de recurrir al recubrimiento de las principales fibras utilizadas como refuerzo. Se propone obtener compuestos de titanio reforzados con partículas cerámicas y, por ello, resulta fundamental evaluar la reactividad entre los diferentes materiales. Se investiga como materiales de baja reactividad el nitruro y carburo de titanio y como materiales de mayor reactividad, ya constatada por la comunidad científica, el TiSi2. Esta reactividad se analizará mediante microscopía electrónica de barrido obteniéndose mapas de distribución de los elementos, que permiten establecer la posible influencia de la temperatura de sinterización y el tiempo de permanencia a éstas. De esta manera, se optimiza en lo posible las interacciones matriz-refuerzo para obtener unas propiedades mec

  13. Correlación entre la microestructura y el comportamiento plástico a alta temperatura de compuestos TZP-Ni (40% vol.

    Directory of Open Access Journals (Sweden)

    Morales-Rodríguez, A.

    2005-10-01

    Full Text Available Microstructure and high-temperature mechanical behaviour of TZP-Ni composites with 40 vol.% of nickel above the percolation threshold (placed in 34 vol.% in these wet‑processed ceramic-metal composites has been studied. The microstructure has been characterized using scanning electron microscopy. The composite plasticity has been studied by means of uniaxial compressive creep tests under constant load in argon atmosphere carried out in the temperature range between 900 and 1250 ºC and stresses between 9 and 144 MPa. TZP skeleton has been deformed in similar conditions to study nickel effect in global cermet behavior. The metallic phase has been removed from the cermets using chemical etching with HNO3. The plastic behavior of these materials is controlled by the ceramic matrix. The deformation rates are higher than monolithic TZP ones. This fact has been explained taking into account the metallic phase distribution into the matrix in these composites. Metal percolation provides materials with high ductility allowing the cermets to deform at temperatures as low as 900 ºC.

    Se ha estudiado la microestructura y el comportamiento mecánico a alta temperatura de compuestos de circona tetragonal (3Y-TZP con un 40% en volumen de níquel (referidos en adelante como TZP-Ni. El contenido en níquel está por encima del punto de percolación, que en estos compuestos cerámico-metal procesados en vía húmeda se sitúa en el 34% vol. de contenido metálico. La caracterización microestructural se ha realizado mediante observaciones de microscopía electrónica de barrido. La plasticidad de los compuestos se ha estudiado mediante ensayos de fluencia en compresión uniaxial a carga constante en atmósfera de argón realizados en el rango de temperaturas entre 900 y 1250 ºC y tensiones entre 9 y 144 MPa. Para estudiar el efecto del níquel en el comportamiento del cermet se ensayaron en condiciones similares esqueletos de TZP, obtenidos mediante la

  14. Level Shifts in Volatility and the Implied-Realized Volatility Relation

    DEFF Research Database (Denmark)

    Christensen, Bent Jesper; de Magistris, Paolo Santucci

    We propose a simple model in which realized stock market return volatility and implied volatility backed out of option prices are subject to common level shifts corresponding to movements between bull and bear markets. The model is estimated using the Kalman filter in a generalization to the mult......We propose a simple model in which realized stock market return volatility and implied volatility backed out of option prices are subject to common level shifts corresponding to movements between bull and bear markets. The model is estimated using the Kalman filter in a generalization...... to the multivariate case of the univariate level shift technique by Lu and Perron (2008). An application to the S&P500 index and a simulation experiment show that the recently documented empirical properties of strong persistence in volatility and forecastability of future realized volatility from current implied...... volatility, which have been interpreted as long memory (or fractional integration) in volatility and fractional cointegration between implied and realized volatility, are accounted for by occasional common level shifts....

  15. Testing for Volatility Co-movement in Bivariate Stochastic Volatility Models

    NARCIS (Netherlands)

    J. Chen (Jinghui); M. Kobayashi (Masahito); M.J. McAleer (Michael)

    2017-01-01

    markdownabstractThe paper considers the problem of volatility co-movement, namely as to whether two financial returns have perfectly correlated common volatility process, in the framework of multivariate stochastic volatility models and proposes a test which checks the volatility co-movement. The

  16. Comportamiento de aceites poliinsaturados en la preparación de patatas fritas para consumo inmediato: Formación de nuevos compuestos y comparación de métodos analíticos

    Directory of Open Access Journals (Sweden)

    Masson, L.

    1997-10-01

    Full Text Available In this study, different analytical methods, i.e. polar compounds, polar compound distribution, free fatty acids, peroxide value, conjugated dienes and trienes, oxidized fatty acids, viscosity and oxifrit-test, are applied to samples of both initial polyunsaturated oils and their counterparts after being used in the frying of potatoes in fast food shops. Two main objectives were established: the study of formation of new compounds during the frying process and the evaluation of possibilities to substitute complex methodologies for simpler and more rapid techniques. Results indicated that, although new compounds comming from oxidation and polymerization stand out, 20% of the samples contained very high amounts of hydrolytic products i.e. diglycerides and fatty acids, whose formation is difficult to explain. From the analysis of correlation coefficients between analytical methods, the utility of free fatty acids and conjugated dienes (or viscosity to predict the amount of the main groups of new compounds in used polyunsaturated frying oils, was deduced.

    En este estudio se aplican diferentes métodos analíticos -compuestos polares, distribución de compuestos polares, acidez, índice de peróxidos, dienos y trienos conjugados, ácidos oxidados insolubles en éter de petróleo, viscosidad y ensayo oxifrit- a muestras de aceites de soja, girasol y mezclas de soja y colza, obtenidas en establecimientos públicos, antes y después de ser usadas en la fritura de patatas. Los dos objetivos principales fueron: conocer los compuestos formados durante el proceso de fritura de patatas y evaluar la posibilidad de sustitución de determinaciones complejas por métodos analíticos más simples y rápidos. Los resultados indicaron que, aunque los compuestos de polimerización y oxidación son los más representativos entre los nuevos compuestos originados durante el proceso, un 20% de las muestras contenían cantidades anormalmente elevadas de compuestos

  17. Efecto de la ingesta de compuestos avanzados de la reacción de Maillard sobre el metabolismo gastrointestinal

    OpenAIRE

    Pastoriza de la Cueva, Silvia

    2013-01-01

    La realización de la presente tesis doctoral se ha llevado a cabo gracias a un contrato de Técnico Superior de Laboratorio adscrito al Proyecto de Excelencia concedido por la Junta de Andalucía (AGR-4135) denominado "Repercusiones de la ingesta de compuestos avanzados de la reacción de Maillard sobre el metabolismo gastrointestinal y óseo".

  18. Revisión - Caracterización de compuestos de caucho con residuos de cuero posindustrial

    OpenAIRE

    Urrego Yepes, William; Cardona Vásquez, Natalia; Velásquez Restrepo, Sandra Milena; Abril Carrascal, Carolina

    2017-01-01

    RESUMEN Comúnmente los residuos industriales son dispuestos en vertederos o destinados para incineración, perdiendo con esto su uso potencial como materias primas en la fabricación de nuevos materiales. Las industrias del caucho y del cuero son consideradas como algunas de las más contaminantes a nivel mundial, sin embargo la industria del caucho ha demostrado su interés en el desarrollo de compuestos que involucren el uso de materiales clasificados como de desecho. Esta revisión abarca de ma...

  19. Obtención por vía pulvimetalúrgica de materiales compuestos de matriz de aluminio reforzados con nitruros

    Directory of Open Access Journals (Sweden)

    Fogagnolo, J. B.

    2000-08-01

    Full Text Available The use of aluminium metal matrix composites as structural materials is increasing continuously, mainly in the automotive and aerospace industries. The development of new kind of reinforcements is one of the areas of greater interest in current researches. This work investigates the use of nitrides as reinforcement for composite materials, with Al 6061 matrix, obtained by powder metallurgy and extrusion, presenting their microstructural features and their mechanical characteristics.

    La utilización de los materiales compuestos de matriz de aluminio como materiales estructurales está en continuo crecimiento principalmente en la industria automovilística y aeroespacial. El desarrollo de nuevos tipos de refuerzos es una de las áreas de mayor interés en las más actuales investigaciones. Este trabajo investiga el uso de nitruros como refuerzo en materiales compuestos, de matriz de aleación AA6061, obtenidos vía pulvimetalúrgica y extrusión, presentando los aspectos microestruturales y las características mecánicas.

  20. Extracción de compuestos aromáticos con furfural en aceites lubricantes recuperados

    OpenAIRE

    Meléndez Hernández, Marianna Andrea

    2015-01-01

    Se presenta un estudio experimental y diseño conceptual con especificación de equipos y análisis económico de un proceso de extracción con furfural de compuestos aromáticos presentes en la base lubricante recuperada, para su decoloración y desodorización, después del proceso de regeneración de aceites usados en la empresa Biochemical Group -- Se realiza un diseño de experimentos factorial 32 para evaluar el proceso determinando la composición de hidrocarburos aromáticos en el extracto y refin...

  1. Desarrollo de prótesis ortopédicas en materiales compuestos para uso competitivo

    OpenAIRE

    Villar, Juan Ignacio; Fontana, Marco; Sznajderman, Lucas; Antokoletz, Sebastián Pablo

    2017-01-01

    El trabajo describe el diseño, construcción y posterior validación de una prótesis transtibial de uso competitivo destinada a carreras de velocidad. La misma es concebida en materiales compuestos y las bases del diseño contemplan la medición de parámetros biomecánicos del usuario para un posterior análisis de similaridad. Las principales características que se pretende lograr de una prótesis tipo ‘Flex- Foot’ son la respuesta elástica lineal, tamaño y proporción apropiada, frecuencia natur...

  2. Optimización de las condiciones de extracción de compuestos fenólicos a partir de cáscara de uva variedad quebranta (Ica, Perú) empleando técnicas convencionales y extracción asistida por ultrasonido

    OpenAIRE

    Dueñas Zurita, Julia Alicia

    2017-01-01

    La producción de vino y pisco representa una de las principales actividades agrícolas en todo el mundo, esta producción se acompaña con la generación de grandes cantidades de desechos que son ricos en compuestos bioactivos (especialmente compuestos fenólicos) con capacidad antioxidante. El propósito de este trabajo es seleccionar y optimizar las condiciones de extracción de compuestos fenólicos a partir de cáscara de uva variedad Quebranta provenientes de vinificaciones empleando un método co...

  3. Materiales compuestos biodegradables con usos agronómicos a partir de raíces tuberosas

    OpenAIRE

    Versino, Florencia

    2017-01-01

    Los materiales poliméricos abarcan un amplio abanico de compuestos tanto naturales (proteínas, almidones, etc.) como sintéticos (polietilenos, poliuretanos, resinas epoxy, etc.) cuya versatilidad y fácil procesamiento los ha vuelto adecuados para un gran número de aplicaciones industriales. A raíz de la creciente necesidad de mitigar las emisiones de gases de efecto invernadero, reducir la acumulación de residuos sólidos y disminuir el consumo de recursos no renovables, el interés en el desar...

  4. Una interesante aproximación histórica al estudio del péndulo compuesto

    OpenAIRE

    Camargo, C.; Páez, R.

    2012-01-01

    Este artículo presenta una adaptación de la versión que hace E. Mach de la solución de Huy gens al problema de hallar el período de oscilación de un péndulo compuesto por varias partículas colocadas en linea, un problema de interés histórico y didáctico. Se propone también una solución intuitiva, que surge de consideraciones semejantes, al problema de hallar el periodo de oscilación de un aro.

  5. Range-based volatility, expected stock returns, and the low volatility anomaly

    Science.gov (United States)

    2017-01-01

    One of the foundations of financial economics is the idea that rational investors will discount stocks with more risk (volatility), which will result in a positive relation between risk and future returns. However, the empirical evidence is mixed when determining how volatility is related to future returns. In this paper, we examine this relation using a range-based measure of volatility, which is shown to be theoretically, numerically, and empirically superior to other measures of volatility. In a variety of tests, we find that range-based volatility is negatively associated with expected stock returns. These results are robust to time-series multifactor models as well as cross-sectional tests. Our findings contribute to the debate about the direction of the relationship between risk and return and confirm the presence of the low volatility anomaly, or the anomalous finding that low volatility stocks outperform high volatility stocks. In other tests, we find that the lower returns associated with range-based volatility are driven by stocks with lottery-like characteristics. PMID:29190652

  6. Range-based volatility, expected stock returns, and the low volatility anomaly.

    Science.gov (United States)

    Blau, Benjamin M; Whitby, Ryan J

    2017-01-01

    One of the foundations of financial economics is the idea that rational investors will discount stocks with more risk (volatility), which will result in a positive relation between risk and future returns. However, the empirical evidence is mixed when determining how volatility is related to future returns. In this paper, we examine this relation using a range-based measure of volatility, which is shown to be theoretically, numerically, and empirically superior to other measures of volatility. In a variety of tests, we find that range-based volatility is negatively associated with expected stock returns. These results are robust to time-series multifactor models as well as cross-sectional tests. Our findings contribute to the debate about the direction of the relationship between risk and return and confirm the presence of the low volatility anomaly, or the anomalous finding that low volatility stocks outperform high volatility stocks. In other tests, we find that the lower returns associated with range-based volatility are driven by stocks with lottery-like characteristics.

  7. Range-based volatility, expected stock returns, and the low volatility anomaly.

    Directory of Open Access Journals (Sweden)

    Benjamin M Blau

    Full Text Available One of the foundations of financial economics is the idea that rational investors will discount stocks with more risk (volatility, which will result in a positive relation between risk and future returns. However, the empirical evidence is mixed when determining how volatility is related to future returns. In this paper, we examine this relation using a range-based measure of volatility, which is shown to be theoretically, numerically, and empirically superior to other measures of volatility. In a variety of tests, we find that range-based volatility is negatively associated with expected stock returns. These results are robust to time-series multifactor models as well as cross-sectional tests. Our findings contribute to the debate about the direction of the relationship between risk and return and confirm the presence of the low volatility anomaly, or the anomalous finding that low volatility stocks outperform high volatility stocks. In other tests, we find that the lower returns associated with range-based volatility are driven by stocks with lottery-like characteristics.

  8. Caracterización microestructural del compuesto intermetálico AI7Cu4Ni

    Directory of Open Access Journals (Sweden)

    Herrera, R.

    2004-04-01

    Full Text Available A study of the microstructural characterization of the intermetallic compound Al7Cu4Ni was carried out. The intermetallic compound was fabricated using the melting and casting process followed by a homogenization treatment at 750 °C for 240 h. The structural evolution during homogenizing was analyzed by X-ray diffraction. The microstructure of intermetallic compound was also characterized by scanning electron and transmission electron microscopies. Additionally, the microhomogeneity of this compound was studied by the Energy Dispersive and Wavelength Dispersive Spectroscopy. The results of this work showed that it was possible to obtain the intermetallic compound with the crystalline structure and at the composition reported in the literature. Besides, this compound showed a good chemical microhomogeneity, which makes it a possible candidate as a material reference for either microanalysis or hardness testing.

    Se llevó a cabo un estudio de caracterización microestmctural del compuesto intermetálico AI7Cu4Ni, que se fabricó por fusión y moldeo y un posterior recocido de homogeneización a 750 °C, durante 480 h. La evolución estructural durante el recocido de homogeneización se siguió por difracción de rayos X. La microestructura se caracterizó por microscopía electrónica de barrido y transmisión. Asimismo, se estudió la microhomogeneidad química del compuesto intermetálico, utilizando las técnicas de microanálisis de dispersión de energía y de longitud de onda de rayos X. Los resultados verificaron que es posible obtener el compuesto intermetálico AI7Cu4Ni con la estructura cristalina y en la composición reflejada en la literatura. Además, su buena microhomegeneidad química sugiere su posible aplicación como un material de referencia para la técnica de microanálisis o el ensayo de dureza.

  9. Pricing Volatility Referenced Assets

    Directory of Open Access Journals (Sweden)

    Alan De Genaro Dario

    2006-12-01

    Full Text Available Volatility swaps are contingent claims on future realized volatility. Variance swaps are similar instruments on future realized variance, the square of future realized volatility. Unlike a plain vanilla option, whose volatility exposure is contaminated by its asset price dependence, volatility and variance swaps provide a pure exposure to volatility alone. This article discusses the risk-neutral valuation of volatility and variance swaps based on the framework outlined in the Heston (1993 stochastic volatility model. Additionally, the Heston (1993 model is calibrated for foreign currency options traded at BMF and its parameters are used to price swaps on volatility and variance of the BRL / USD exchange rate.

  10. Volatile and non-volatile/semi-volatile compounds and in vitro bioactive properties of Chilean Ulmo (Eucryphia cordifolia Cav.) honey.

    Science.gov (United States)

    Acevedo, Francisca; Torres, Paulina; Oomah, B Dave; de Alencar, Severino Matias; Massarioli, Adna Prado; Martín-Venegas, Raquel; Albarral-Ávila, Vicenta; Burgos-Díaz, César; Ferrer, Ruth; Rubilar, Mónica

    2017-04-01

    Ulmo honey originating from Eucryphia cordifolia tree, known locally in the Araucania region as the Ulmo tree is a natural product with valuable nutritional and medicinal qualities. It has been used in the Mapuche culture to treat infections. This study aimed to identify the volatile and non-volatile/semi-volatile compounds of Ulmo honey and elucidate its in vitro biological properties by evaluating its antioxidant, antibacterial, antiproliferative and hemolytic properties and cytotoxicity in Caco-2 cells. Headspace volatiles of Ulmo honey were isolated by solid-phase microextraction (SPME); non-volatiles/semi-volatiles were obtained by removing all saccharides with acidified water and the compounds were identified by GC/MS analysis. Ulmo honey volatiles consisted of 50 compounds predominated by 20 flavor components. Two of the volatile compounds, lyrame and anethol have never been reported before as honey compounds. The non-volatile/semi-volatile components of Ulmo honey comprised 27 compounds including 13 benzene derivatives accounting 75% of the total peak area. Ulmo honey exhibited weak antioxidant activity but strong antibacterial activity particularly against gram-negative bacteria and methicillin-resistant Staphylococcus aureus (MRSA), the main strain involved in wounds and skin infections. At concentrations >0.5%, Ulmo honey reduced Caco-2 cell viability, released lactate dehydrogenase (LDH) and increased reactive oxygen species (ROS) production in a dose dependent manner in the presence of foetal bovine serum (FBS). The wide array of volatile and non-volatile/semi-volatile constituents of Ulmo honey rich in benzene derivatives may partly account for its strong antibacterial and antiproliferative properties important for its therapeutic use. Our results indicate that Ulmo honey can potentially inhibit cancer growth at least partly by modulating oxidative stress. Copyright © 2017 Elsevier Ltd. All rights reserved.

  11. Iodine volatility

    International Nuclear Information System (INIS)

    Beahm, E.C.; Shockley, W.E.

    1984-01-01

    The ultimate aim of this program is to couple experimental aqueous iodine volatilities to a fission product release model. Iodine partition coefficients, for inorganic iodine, have been measured during hydrolysis and radiolysis. The hydrolysis experiments have illustrated the importance of reaction time on iodine volatility. However, radiolysis effects can override hydrolysis in determining iodine volatility. In addition, silver metal in radiolysis samples can react to form silver iodide accompanied by a decrease in iodine volatility. Experimental data are now being coupled to an iodine transport and release model that was developed in the Federal Republic of Germany

  12. Aluminio pulvimetalúrgico: desarrollo y mejora de sus aleaciones y materiales compuestos

    Directory of Open Access Journals (Sweden)

    Ruiz-Navas, E. M.

    2008-06-01

    Full Text Available Powder metallurgy components demand is increasing in the last few years mainly due to the necessity of products assigned to automotive and aerospace industries, which has allow an important development of aluminium alloys and composites (AMCs. Consolidation of aluminium alloys by sintering present a main problem: the oxide layer that cover aluminium particles. Several alternatives are studied in this work as solution to the oxide layer problem during the sintering of series 2xxx aluminium alloys. One of these solutions is related to the addition of tin traces, and the other is the addition of a second alloy. Moreover, aluminium metal matrix composites are characterized by excellent properties as combination of properties which comes from the matrix and from the reinforcement. The last part of this study is focused to the analysis of one aluminium matrix composite as the influence of several quantities of reinforcement.

    El auge en la demanda de componentes pulvimetalúrgicos destinados principalmente al sector automovilístico y aeroespacial ha permitido un fuerte desarrollo tanto de aleaciones como de MMCs base aluminio (AMCs. El principal problema a la hora de consolidar estos materiales vía pulvimetalúrgica es la capa de óxido que recubre a las partículas de aluminio. En este trabajo se presentan varias alternativas como solución a este problema, aplicadas a la consolidación de aleaciones de aluminio pertenecientes a la serie 2xxx, entre ellas, la adición de trazas de estaño y la adición de una aleación Al-Si. En cuanto a los materiales compuestos de matriz de aluminio, se caracterizan por presentar propiedades únicas como combinación de las propiedades individuales que caracterizan tanto a la matriz como al refuerzo. En la última parte de este trabajo se estudia la consolidación de un material compuesto así como la influencia de las distintas cantidades de refuerzo.

  13. DETERMINACIÓN DE ÁCIDOS GRASOS Y COMPUESTOS TRITERPENOIDES DEL CUERPO FRUCTIFERO DE Suillus luteus.

    Directory of Open Access Journals (Sweden)

    Ivonne Nieto

    2009-04-01

    Full Text Available Normal 0 21 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Tabla normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Del cuerpo fructífero de Suillus luteus se extrajeron e identificaron, con base en el análisis de sus espectros de masas,  dieciséis compuestos, los cuales corresponden al ácido palmítico, oléico, linolénico y linoléico, octadecanoato de etilo, ergosta-7,22-dien-3β-ol, ergosta-7-en-3β-ol, estigmasterol, ergosta-3,5,7,9(11,22-pentaeno, ergosta-2,5,7,9(11,14,22-hexaeno, 23-metil-estigmast-3,5,7,22-tetraeno, 23-metil-estigmast-3,5,7,9(11,22-pentaeno, ergosta-4,6,15(16,22-tetraen-3-ona,  ergosta-1,5,7,9(11,22-pentaen-3-ona, ergosta-5,7,9(11,22-tetraen-3β-ol y ergosta-5,6,7-trihidroxi-7,22-dien-3β-ol. Siendo este un hongo tan poco estudiado, todos los compuestos, a excepción de los ácidos grasos, se reportan aquí por primera vez.

  14. Asymmetric Realized Volatility Risk

    Directory of Open Access Journals (Sweden)

    David E. Allen

    2014-06-01

    Full Text Available In this paper, we document that realized variation measures constructed from high-frequency returns reveal a large degree of volatility risk in stock and index returns, where we characterize volatility risk by the extent to which forecasting errors in realized volatility are substantive. Even though returns standardized by ex post quadratic variation measures are nearly Gaussian, this unpredictability brings considerably more uncertainty to the empirically relevant ex ante distribution of returns. Explicitly modeling this volatility risk is fundamental. We propose a dually asymmetric realized volatility model, which incorporates the fact that realized volatility series are systematically more volatile in high volatility periods. Returns in this framework display time varying volatility, skewness and kurtosis. We provide a detailed account of the empirical advantages of the model using data on the S&P 500 index and eight other indexes and stocks.

  15. Determinacion del N y P en abonos organicos mediante la tecnica del elemento faltante y un bioensayo microbiano

    Directory of Open Access Journals (Sweden)

    Eduardo Salas

    2001-01-01

    Full Text Available Mediante la tecnica del elemento faltante en ferinvernadero y el uso de un bioensayo microbiano se determin6 la disponibilidad de N y P en 6 sus- greenhoutratos: suelo s6lo 0 en mezcla 9: 1 con diversos abo- nos organicos, a saber: pollinaza (CM, compost (C, bocashi (B, vermicompost (V 0 broza de ca- determife (Br. En ambos bioensayos y para cada sustrato se realiz6 un experimento factorial 2x2 (fertiliza- ci6n con P y N; las combinaciones resultantes fue- ron: +P, +N, +P+N y -P-N (testigo. En el bioensa- yo microbiano se utiliz6 un diseno de bloques al azar con 6 repeticiones y se midi6 el crecimiento microde la biomasa microbiana nativa (BM 2 dias des- pues de aplicar el tratamiento e incubar con gluco- sa. En la prueba de invernadero se utiliz6 un dise- no completamente al azar con 4 repeticiones, se utiliz6 sorgo (Sorghum vulgare como planta indi- cadora. Se midi6 el peso seco de la parte aerea de lasplantas a los 34 dias de la siembra (PS y el con- tenido foliar de nutrimentos. Ambos bioensayos in- sordicaron respuesta del suelo a la aplicaci6n de P y N. La mezcla del suelo con un 10% de CM, CoB mostraron los valores mas altos de BM y PS. La mezcla suelo:CM no respondi6 a ningun tratamien- to qufmico, mientras que en mezcla con el C 0 el B respondi6 a la aplicaci6n de N pero no al P. Con el Vola Br se obtuvo las menores respuestas de las variables y hubo respuesta ala adici6n de P y N. La tecnica del elemento faltante de invernadero

  16. It’s all about volatility of volatility

    DEFF Research Database (Denmark)

    Grassi, Stefano; Santucci de Magistris, Paolo

    2015-01-01

    The persistent nature of equity volatility is investigated by means of a multi-factor stochastic volatility model with time varying parameters. The parameters are estimated by means of a sequential matching procedure which adopts as auxiliary model a time-varying generalization of the HAR model f...

  17. Compuestos de organosilicio para almacenamiento de energía Compuestos de organosilicio para almacenamiento de energía

    Directory of Open Access Journals (Sweden)

    Adrián Peña-Hueso

    2012-02-01

    Full Text Available   Las pilas recargables de ion litio han tenido un considerable desarrollo en los últimos años y son ampliamente utilizadas en dispositivos electrónicos. Los derivados de organosilicio enlazados a unidades de etilenglicol están siendo estudiados como una opción atractiva para sustituir a los disolventes convencionales en la preparación de electrolitos, pues poseen altos puntos de inflamación, buena conductividad, baja toxicidad y buena estabilidad electroquímica. Aunado a eso, la síntesis de estos compuestos a partir de materias primas sencillas y económicas los convierte en buenos candidatos para su uso en pilas de ion litio a nivel comercial. En este artículo se hace una revisión de los aspectos más sobresalientes del trabajo con electrolitos de organosilanos que ha realizado el Dr. Robert West.There has been a large development of Li-ion batteries during last years and they are widely used in consumer electronic devices. Organosilicon compounds coupled to ethylene glycol chains are being studied as a good option to substitute conventional solvents in the preparation of electrolytes, because they have high flash points, good conductivities, low toxicity and good electrochemical stability. These compounds are prepared from simple and cheap reagents, which also makes them attractive for their industrial application in Li-ion batteries. This paper is a review of the most important results obtained by Professor Robert West in the field of organosilicon electrolytes.

  18. Latent Integrated Stochastic Volatility, Realized Volatility, and Implied Volatility: A State Space Approach

    DEFF Research Database (Denmark)

    Bach, Christian; Christensen, Bent Jesper

    process is downward biased. Implied volatility performs better than any of the alternative realized measures when forecasting future integrated volatility. The results are largely similar across the stock market (S&P 500), bond market (30-year U.S. T-bond), and foreign currency exchange market ($/£ )....

  19. Influence of soil management practices and substrate availability on microbial biomass and its activities in some haplic luvisols

    Energy Technology Data Exchange (ETDEWEB)

    Friedel, Jurgen K [University Hohenheeim, Stuttgart (Germany)

    1996-07-01

    barbecho y con los sistemas de monocultivo. La razon principal de estas diferencias es un abastecimiento mas grande con residuos de cosecha y raices en los sistemas de rotacion de cultivos, que conduce a un mayor sustrato disponible para microorganismos. Los objetivos del estudio presente fueron describir los indices del sustrato disponible para microorganismos en suelos ara bles, dependiendo de las practicas de manejo de suelos, y relacionarlos con la biomasa y la actividad microbianas. En dos localidades (Muttergarten e Ihinger Hof, cerca de la Universidad de Hohenheim, Stuttgart, sudoeste de Alemania) fueron medidos los contenidos de trifosfato de adenosina y la actividad microbiana en Luvisoles haplicos. Como indices del sustrato disponible para microorganismos fueron determinados los compuestos organicos de carbon soluble en agua y se calculo la ateria organica de suelos jovenes susceptible a descomponerse en los fertilizantes organicos y en los residuos de cosecha y de raices, usando funciones de descomposicion empiricas. Los contenidos mas altos de ATP y las actividades microbianas mas altas fueron observados con la fertilizacion organica (abono liquido de ganado), antes que con la fertilizacion mineral. La labranza somera con un cultivador rotatorio condujo a valores mas altos de la propiedades microbianas en la parte superior del horizonte Ap que con la labranza con arado. Los parametros microbianos del suelo fueron mas altos en parcelas bajo una rotacion de cultivos de colza-cereales, en comparacion con una rotacion de cultivos de legumbres-cereales. La biomasa microbiana y sus actividades estuvieron relacionadas mas estrechamente a materia organica de suelos jovenes susceptible a descomponerse que al contenido de humus o a cualquiera otra propiedad del suelo. Los compuestos organicos de carbon soluble en agua no demostraron ser un indicador del sustrato disponible para microorganismos.

  20. DOES ENERGY CONSUMPTION VOLATILITY AFFECT REAL GDP VOLATILITY? AN EMPIRICAL ANALYSIS FOR THE UK

    Directory of Open Access Journals (Sweden)

    Abdul Rashid

    2013-10-01

    Full Text Available This paper empirically examines the relation between energy consumption volatility and unpredictable variations in real gross domestic product (GDP in the UK. Estimating the Markov switching ARCH model we find a significant regime switching in the behavior of both energy consumption and GDP volatility. The results from the Markov regime-switching model show that the variability of energy consumption has a significant role to play in determining the behavior of GDP volatilities. Moreover, the results suggest that the impacts of unpredictable variations in energy consumption on GDP volatility are asymmetric, depending on the intensity of volatility. In particular, we find that while there is no significant contemporaneous relationship between energy consumption volatility and GDP volatility in the first (low-volatility regime, GDP volatility is significantly positively related to the volatility of energy utilization in the second (high-volatility regime.

  1. Procesado, estructura y propiedades de materiales compuestos de matriz termoplástica y nanorefuerzos de carbono

    OpenAIRE

    Ramón Valencia, Bladimir Azdrúbal

    2014-01-01

    208 p. El presente trabajo de tesis doctoral está orientado hacia el conocimiento de la relación existente entre los procesos de conformación, estructura y propiedades mecánicas y térmicas de termoplásticos de alto rendimiento mediante la incorporación de nanorefuerzos de tipos carbonoso. En el primer apartado se realizó un estudio comparativo del efecto de las fibras de carbono cortas (FC) y de las nanofibras de carbono (CNF) en los materiales compuestos de matriz de PEEK con el objeto de...

  2. Estimadores compuestos en estadística regional: una aplicación a la estimación de la tasa de variación de la ocupación en la industria

    OpenAIRE

    Costa, Àlex; Satorra, Albert; Ventura, Eva

    2002-01-01

    Este trabajo es parte de un proyecto que estudia la aplicación de estimadores compuestos (combinación de estimadores directos e indirectos) para áreas pequeñas en estadística regional. Comparamos tres estimadores: uno directo basado en datos muestrales de cada Comunidad Autónoma (CA), otro sintético (indirecto) que combina los datos estatales con información específica de las CCAA, y un tercer estimador, el compuesto, basado en un modelo estadístico que se concreta en una combinación lineal d...

  3. Soybean lecithin: acetone insoluble residue fractionation and their volatile components

    Directory of Open Access Journals (Sweden)

    Aly, Saadia M.

    2002-09-01

    Full Text Available The acetone insoluble residue was isolated from soybean lecithin. This residue was solvent fractionated resulted in four fractions, namely, acetic acid soluble, acetic acid insoluble, benzene phase and benzene insoluble phase. Concerning phospholipid constitution of these four fractions, it was found that the first fraction contains PC, PE and PI in percentages of 56.0, 21.6 and 19.0 respectively. The 2nd fraction makes 39 % PC and 60 % CER, besides some traces of PE and PI. The benzene phase is mainly all PC with some traces of PE. The last fraction is 80.6 % CER and 20 % PC. The fatty acid composition of these four fractions besides soluble in acetone, crude and degummed soybean oil and total phospholipids was recorded. Generally, it was found that the major saturated and unsaturated fatty acids were palmitic and linoleic. Volatile components of these samples except acetic acid insoluble were reported. Fourty nine compounds were separated. Thirty two components including aliphatic aldehydes, ketones, alcohols, esters and acids were identified. Aldehydes and ketones showed a changed through the seven samples. They increased by degumming.4,5-Dimethylelisoxazole had a strong lecithin like flavour, so it can be used as an indicator for the degumming process.2-Pentylfuran showed a significant decrease by degumming. Other compounds, such as esters and alcohols had no distinguish effect on the volatile products through process.El residuo insoluble en acetona fue aislado de la lecitina de soja. Este residuo fue fraccionado por solventes en cuatro fracciones: soluble en ácido acético, insoluble en ácido acético, fase benceno y fase insoluble en benceno. Concerniente a la constitución de los fosfolípidos de estas cuatro fracciones, se encontró que la primera fracción contiene PC, PE y PI en porcentajes del 56.0, 21.6 y 19.0 respectivamente. La segunda fracción tuvo 39 % PC y 60 % CER, junto a algunas trazas de PE y PI. La fase benceno est

  4. CONDUCTIVIDAD Y PERCOLACION DE UN MATERIAL COMPUESTO: OXIDO MAGNETICO-POLIANILINA

    Directory of Open Access Journals (Sweden)

    Juan C. Aphesteguy

    2013-01-01

    Full Text Available El objetivo de este trabajo es estudiar la conductividad de un material compuesto (óxido de hierro /polianilina a fin de determinar la relación mínima entre sus componentes que mantiene la interconexión entre las partículas de polianilina. Para ello se prepararon por mezcla sólida, sistemas formados por polianilina (en su forma básica, no conductora, emeraldina dopada con ácido canforsulfónico (CSA y un óxido de hierro magnético (Fe xOy (parcialmente encapsulado en polianilina. Los polvos fueron compactados a 1,3.103 MPa. Se estudió la conductividad del sistema en función de la fracción en volumen (P del óxido incluido. Se determinó, para las condiciones experimentales establecidas, una fracción de percolación Pc = 0,131 (38,6 % m/m FexOy a 300K. Los resultados experimentales indicaron que la conductividad presenta un comportamiento crítico no universal que se interpretó empleando el modelo de Kusy.

  5. Desarrollo de técnicas de extracción y análisis de antocianinas y compuestos fenólicos en Jaboticaba (Myrciaria Cauliflora)

    OpenAIRE

    Mera Morillo, Celia

    2015-01-01

    Desarrollo de técnicas de extracción mediante ultrasonidos y mediante fluidos presurizados para así, obtener las condiciones óptimas de extracción de las antocianinas mayoritarias y compuestos fenólicos totales presentes en la jaboticaba

  6. Realized Volatility Risk

    NARCIS (Netherlands)

    D.E. Allen (David); M.J. McAleer (Michael); M. Scharth (Marcel)

    2013-01-01

    textabstractIn this paper we document that realized variation measures constructed from highfrequency returns reveal a large degree of volatility risk in stock and index returns, where we characterize volatility risk by the extent to which forecasting errors in realized volatility are substantive.

  7. Obtención y caracterización de materiales compuestos W-Cu para contactos eléctricos

    Directory of Open Access Journals (Sweden)

    Krivij, N.

    2003-08-01

    Full Text Available In the Cuban Metallurgical Research Center (CIME, are manufactured by powder metallurgy, shims of adjustment of a W-Cu composite material, that are used in the electrical contacts of the panels of control of the portico derricks that operate in the port of Havana City. The base material used has a composition of 70 % in mass electrolytic copper powder and wolfram powder of (30 % that is obtained by reduction from the oxide from wolfram. The powders are submitted to the stages of mixed, pressed and agglomeration and is obtained a composite material with free particles of W occluded in a counterfoil of Cu matrix, that do not interact and they provide the following properties: high melting temperature, high electro and thermo conductivity and corrosion resistance, high mechanical and electrical strengtheners, decrease weldability and stability during their development. However, when not reacting the volframio particles with the copper, the compound material will begin to fuse to the temperature of the copper, on the other hand and for the same reason the resistance to the corrosion should be similar to that of the pure copper. The shims of adjustment are fixed to the bodies of high purity copper welding with a silver alloy, the one which provides the maximum qualities of the Cu, as elasticity, breaking strength, thermal and electrical conductivities, as well corrosion resistance.

    En el Centro de Investigaciones Metalúrgicas (CIME, cubano, se fabrican por pulvimetalurgia, calzos de material compuesto volframio-cobre, que se utilizan en los contactos eléctricos de los paneles de control de las grúas pórtico que operan en el puerto de Ciudad de La Habana. El material base que se utiliza contiene un 70 % en masa de polvo de cobre electrolítico y polvo de volframio (30 %, que se obtiene por reducción del óxido de volframio. Los polvos se someten a las etapas de mezclado, prensado y sinterización obteniéndose un material compuesto con las

  8. ESTUDIO COMPARATIVO DE LOS COMPUESTOS VOLÁTILES DE TRES VARIEDADES DE GUAYABA BLANCA (Psidium guajava L. DURANTE SU MADURACIÓN

    Directory of Open Access Journals (Sweden)

    Johanna Cantillo

    2011-05-01

    Full Text Available Regional Blanca (RB y Ráquira (RQ. Seutilizó el método Headspace-Microextracciónen Fase Sólida (HS-MEFS paracomparar los perfiles olfativos de tres variedadesde guayaba blanca de la regiónde la hoya del río Suárez (Santander, Colombiadurante tres etapas de maduración(verde, pintón y maduro. En las tresvariedades se presentó un comportamientosimilar, los aldehídos C-6 (hexanal,(Z-3-hexenal y (E-2-hexenal responsablesde la nota verde disminuyen durantela maduración, mientras que el contenidode ésteres (acetato de hexilo y acetato de(Z-3-hexenilo aumenta produciéndoselas notas dulce y frutal características dela fruta madura. Los compuestos ácidos,furánicos y alcoholes se observan en bajasproporciones durante las tres etapas.El análisis de los compuestos volátilesmediante HS-MEFS permitió estableceruna relación entre la transformación decompuestos aldehídos C6, responsablesde la nota verde, en ésteres análogos, alos cuales se les atribuye la nota frutalcaracterística durante el proceso demaduración.

  9. Virtual volatility

    Science.gov (United States)

    Silva, A. Christian; Prange, Richard E.

    2007-03-01

    We introduce the concept of virtual volatility. This simple but new measure shows how to quantify the uncertainty in the forecast of the drift component of a random walk. The virtual volatility also is a useful tool in understanding the stochastic process for a given portfolio. In particular, and as an example, we were able to identify mean reversion effect in our portfolio. Finally, we briefly discuss the potential practical effect of the virtual volatility on an investor asset allocation strategy.

  10. Deformación plástica de compuestos mullita/óxido de itrio

    Directory of Open Access Journals (Sweden)

    Ramírez de Arellano López, A.

    2001-06-01

    Full Text Available Mullite (3Al2O3.2SiO2 based composites have excellent mechanical and thermal properties. The same characteristics that give mullite good resistance to plastic deformation also make its sintering difficult. Yttria is one of the most commonly used additives to reduce sintering temperatures in mullite. Additionally vitreous silicates (Y2Si2O7 could improve ductility. In this work we have used mullite samples with various amounts of Y2O3 (0, 5 and 9 wt.%. Details of processing and characterization of these composites have been the subject of a previous publication. We have compared the ductility of these composites by means of compressive deformation tests at elevated temperatures. Creep tests were performed at temperatures between 1300 and 1400ºC, in air, in a stress range of 0.69 to 34.5 MPa.

    Los compuestos a partir de mullita (3Al2O3.2SiO2 presentan unas magníficas propiedades mecánicas y térmicas. Las mismas características que hacen de la mullita resistente a la deformación plástica, dificultan su densificación. El óxido de itrio es uno de los aditivos más utilizados para reducir la temperatura de sinterización de la mullita. Adicionalmente la presencia de silicatos vítreos (en este caso Y2Si2O7 incrementan la ductilidad. En esta investigación se han usado muestras de mullita con diversas cantidades de Y2O3 (0%, 5% y 9% en peso. Los detalles sobre el procesado y caracterización de los compuestos han sido objeto de una publicación previa. Se ha estudiado comparativamente la ductilidad de estos materiales mediante experimentos de deformación en compresión a alta temperatura. Los ensayos se han desarrollado entre 1300 y 1400ºC, en atmósfera de aire, cubriendo un rango de tensiones de compresión entre 0.69 y 34.4 MPa.

  11. Realized volatility and absolute return volatility: a comparison indicating market risk.

    Science.gov (United States)

    Zheng, Zeyu; Qiao, Zhi; Takaishi, Tetsuya; Stanley, H Eugene; Li, Baowen

    2014-01-01

    Measuring volatility in financial markets is a primary challenge in the theory and practice of risk management and is essential when developing investment strategies. Although the vast literature on the topic describes many different models, two nonparametric measurements have emerged and received wide use over the past decade: realized volatility and absolute return volatility. The former is strongly favored in the financial sector and the latter by econophysicists. We examine the memory and clustering features of these two methods and find that both enable strong predictions. We compare the two in detail and find that although realized volatility has a better short-term effect that allows predictions of near-future market behavior, absolute return volatility is easier to calculate and, as a risk indicator, has approximately the same sensitivity as realized volatility. Our detailed empirical analysis yields valuable guidelines for both researchers and market participants because it provides a significantly clearer comparison of the strengths and weaknesses of the two methods.

  12. Realized volatility and absolute return volatility: a comparison indicating market risk.

    Directory of Open Access Journals (Sweden)

    Zeyu Zheng

    Full Text Available Measuring volatility in financial markets is a primary challenge in the theory and practice of risk management and is essential when developing investment strategies. Although the vast literature on the topic describes many different models, two nonparametric measurements have emerged and received wide use over the past decade: realized volatility and absolute return volatility. The former is strongly favored in the financial sector and the latter by econophysicists. We examine the memory and clustering features of these two methods and find that both enable strong predictions. We compare the two in detail and find that although realized volatility has a better short-term effect that allows predictions of near-future market behavior, absolute return volatility is easier to calculate and, as a risk indicator, has approximately the same sensitivity as realized volatility. Our detailed empirical analysis yields valuable guidelines for both researchers and market participants because it provides a significantly clearer comparison of the strengths and weaknesses of the two methods.

  13. Unstable volatility

    DEFF Research Database (Denmark)

    Casas, Isabel; Gijbels, Irène

    2012-01-01

    The objective of this paper is to introduce the break-preserving local linear (BPLL) estimator for the estimation of unstable volatility functions for independent and asymptotically independent processes. Breaks in the structure of the conditional mean and/or the volatility functions are common...... in Finance. Nonparametric estimators are well suited for these events due to the flexibility of their functional form and their good asymptotic properties. However, the local polynomial kernel estimators are not consistent at points where the volatility function has a break. The estimator presented...

  14. Comportamiento en fluencia de un material compuesto de matriz metálica Al6061-15 vol % SiCw pulvimetalúrgico

    Directory of Open Access Journals (Sweden)

    González-Doncel, G.

    2005-12-01

    Full Text Available The creep behavior of a powder metallurgy (PM Al6061-15 vol % SiCw metal matrix composite has been studied. This behavior has been compared to that of 6061Al cast alloy and 6061Al PM alloy. The creep response of the PM unreinforced alloy is better than that of the cast 6061Al alloy. Similarly, the behavior of the composite is better than that of the PM unreinforced alloy. Two microstructural factors have been considered the responsible ones of this improvement. The first one is the dispersion of Al2O3 oxide particles of nanometric scale. The second one, is the presence of the SiC whisker reinforcement of micrometric scale. Despite the similar strengthening effect, the intrinsic nature of the reinforcing mechanism is, however, different for each type of particle due to the different microstructural scale.Se ha realizado un estudio de las propiedades en fluencia del material compuesto pulvimetalúrgico Al6061-15 vol % SiCw. Su comportamiento se ha comparado con el de la aleación Al6061 pulvimetalúrgica y la aleación Al6061 de colada. El comportamiento del material pulvimetalúrgico sin reforzar mejora respecto al del material de colada. Al mismo tiempo, el del material compuesto mejora respecto al comportamiento del material pulvimetalúrgico sin reforzar. Se consideran dos factores microestructurales como los principales responsables de la mejora de las propiedades en fluencia de este material compuesto. Por un lado, las partículas de Al2O3 de tamaño nanométrico y, por otro, las partículas de fibra corta cerámicas de SiC de tamaño micrométrico. Aunque ambos tipos de partículas dan lugar a un efecto de refuerzo similar, los mecanismos intrínsecos asociados a la presencia de estas partículas tienen una naturaleza diferente debido a la diferencia en la escala microestructural.

  15. Disminución de las propiedades mecánicas de compuestos de matriz termoplástica tras dilatada permanencia en agua oxigenada

    Directory of Open Access Journals (Sweden)

    Viña, J.

    2001-04-01

    Full Text Available The evolution of the mechanical properties, static and dynamic, of two different composites with thermoplastic matrix and glass-fiber fabric or carbon-fiber fabric as reinforcement after immersing in a hydrogen peroxide solution have been analyzed. The tensile strength suffered a decrease after exposure of the materials in the solution. This decrease was more important in the case of the glass-fiber composite than in carbon-fiber composite. On the other hand, the interlaminar shear strength suffered also an important decrease, but in this case more substantial for the carbon-fiber composite. Finally, the fatigue behavior of the materials have been studied after exposure to the hydrogen peroxide solution. The results correlate with the tensile results.

    Se ha analizado la evolución de las propiedades mecánicas, tanto estáticas como dinámicas, de dos composites de matriz termoplástica reforzados con tejido de fibra de vidrio y fibra de carbono, tras mantener inmersas probetas de ambos materiales en una solución de agua oxigenada, empleada en el método TCF, útil en la fabricación de papel. Se observa, desde el punto de vista de la resistencia a tracción, una pérdida de propiedades mucho mayor en el caso del compuesto con fibra de vidrio que en el de fibra de carbono. En cambio, en las curvas correspondientes a la variación de la resistencia a cortadura interlaminar, se aprecia una pérdida muy importante, pero superior para el compuesto de fibra de carbono. Por último, también se mostrará el comportamiento de ambos compuestos a fatiga tras permanencia en la solución de agua oxigenada. Los resultados obtenidos muestran una gran correlación con los generados a partir de los ensayos de tracción.

  16. Compuestos bioactivos en harinas integrales y salvados de arroz (Oryza sativa L. Bioactive compounds in rice (Oryza sativa L. | Wholemeals and brans

    Directory of Open Access Journals (Sweden)

    Carlos Aguilar-García

    2017-10-01

    Full Text Available El consumo regular de granos enteros y sus productos puede reducir el riesgo de enfermedades crónicas tales como: las cardiovasculares, diabetes tipo II y algunos tipos de cáncer. El objetivo de este estudio fue evaluar el contenido de compuestos bioactivos en harinas integrales y salvados de arroz (variedades: Cimarrón, FONAIAP 1 y Zeta 15, tales como: fibra dietética total (FDT, determinada por método enzimático-gravimétrico; inhibidores de tripsina (IT, ácido fítico (AF y taninos condensados (TC, cuantificados por colorimetría. Se encontraron diferencias significativas (p < 0,05 para los compuestos bioactivos entre las harinas integrales y los salvados. Los salvados son una fuente rica de FDT, AF y TC. La variedad Cimarrón exhibió el mayor contenido de FDT, en el salvado (40,61 ± 0,10% y en la harina (14,04 ± 0,12%; mientras que la FONAIAP 1 mostró el menor contenido en el salvado (33,67 ± 0,64% y la harina (11,44 ± 0,24%. Los IT en harinas y salvados presentaron un intervalo de 5,70 ± 0,02 a 6,35 ± 0,35 mg/g en todas las variedades, excepto en la harina Zeta 15 (3,72 ± 0,04 mg/g. Las concentraciones de AF y TC en los salvados, presentaron valores significativamente superiores con respecto a las harinas integrales. Los hallazgos demostraron que las harinas integrales y los salvados de arroz analizados en este estudio, pueden suministrar a la dieta importantes compuestos bioactivos (FDT, IT, AF y TC de gran significancia para la salud. Los salvados mostraron ser una fracción del arroz con alta concentración de FDT, AF y TC.

  17. Pluto's Volatile Transport

    Science.gov (United States)

    Young, Leslie

    2012-10-01

    Pluto's varying subsolar latitude and heliocentric distance leads to large variations in the surface volatile distribution and surface pressure. I present results of new volatile transport models (Young 2012a, b). The models include insolation, thermal emission, subsurface conduction, heating of a volatile slab, internal heat flux, latent heat of sublimation, and strict global mass balance. Numeric advances include initial conditions that allow for rapid convergence, efficient computation with matrix arithmetic, and stable Crank-Nicholson timesteps for both bare and volatile-covered areas. Runs of the model show six distinct seasons on Pluto. (1) As Pluto approaches perihelion, the volatiles on the old winter pole (the Rotational North Pole, RNP) becomes more directly illuminated , and the pressure and albedo rise rapidly. (2) When a new ice cap forms on the Rotational South Pole, RSP, volatiles are exchanged between poles. The pressure and albedo change more slowly. (3) When all volatiles have sublimed from the RNP, the albedo and pressure drop rapidly. (4-6) A similar pattern is repeated near aphelion with a reversal of the roles and the poles. I will compare results with earlier Pluto models of Hansen and Paige (1996), show the dependence on parameters such as substrate inertia, and make predictions for the New Horizons flyby of Pluto in 2015. This work was supported, in part, by funding from NASA Planetary Atmospheres Grant NNG06GF32G and the Spitzer project (JPL research support Agreement 1368573). Hansen, C. J. and D. A. Paige 1996. Seasonal Nitrogen Cycles on Pluto. Icarus 120, 247-265. Young, L. A. 2012a. Volatile transport on inhomogeneous surfaces: I - Analytic expressions, with application to Pluto’s day. Icarus, in press Young, L. A. 2012b. Volatile transport on inhomogeneous surfaces: II. Numerical calculations, with application to Pluto's season. In preparation.

  18. Estado de la cuestión sobre compuestos de yeso. la importancia actual de los residuos

    OpenAIRE

    San-Antonio González, A; Río Merino, Mercedes Del; Viñas Arrebola, Carmen

    2013-01-01

    El interés de los investigadores por mejorar las propiedades de los materiales tradicionales de construcción ha dado lugar a una gran cantidad de publicaciones durante las últimas décadas. El yeso es un material natural comúnmente utilizado en la construcción de edificios en forma de enlucidos y placas de yeso prefabricadas. En este estudio se estudian las líneas de investigación llevadas a cabo sobre los compuestos que tienen una matriz de yeso, mediante el análisis de los artículos científi...

  19. Síntesis de compuestos organoselénicos derivados del hidroxitirosol. Determinación de su actividad como antioxidantes

    OpenAIRE

    Gómez Carretero, Antonio

    2012-01-01

    Texto completo descargado desde Teseo 1. Introducción Los polifenoles son una amplia familia de compuestos que se encuentran, entre otros alimentos, en la fruta, la verdura, el vino, el té, el cacao y el aceite de oliva virgen extra y que muestran una marcada actividad antioxidante, que se traduce en una contrastada actividad en la prevención de enfermedades cardiovasculares, cáncer, enfermedades neurodegenerativas, diabetes u osteoporosis . Uno de los polifenoles más efectivos como ...

  20. Control of volatile organic compounds from air emissions by anaerobic bioscrubber: process performance and process simulation

    OpenAIRE

    Bravo Martínez, Daniel

    2017-01-01

    La contaminación atmosférica es un problema para la salud humana y para el medio ambiente. Dentro de los posibles contaminantes atmosféricos, los compuestos orgánicos volátiles son una de las causas asociadas al empeoramiento de la calidad ambiental. Una gran parte de estos compuestos son emitidos a la atmosfera por industrias que utilizan disolventes en su proceso productivo, estando reguladas estas emisiones industriales por la Directiva Europea de Emisiones Industriales (2010/75/EU). La in...

  1. Effect of the extraction conditions of virgin olive oil on the lipoxygenase cascade:Chemical and sensory implications

    Directory of Open Access Journals (Sweden)

    Morales, María T.

    1999-04-01

    Full Text Available The volatile compounds produced through the lipoxygenase cascade are responsible for the most remarkable sensory attributes of virgin olive oil. The paper analyses the evolution of these compounds according to different conditions of temperature and time of the malaxing process. The influence of these parameters on the production of C6 and C5volatile compounds is stated together with the effect that the amount of these compounds has on the most remarkable virgin olive oil sensory descriptors (green, bitter-pungent, sweet and undesirable. Optima values of temperature and time are given for producing high sensory quality virgin olive oils. Three cultivars, Spanish Picual and Italian Frantoio and Coratina, were characterised by sensory attributes and volatile compounds quantified by two different methodologies in order to avoid that results could be circumscribed to a specific cultivar or a quantification method.

    Los compuestos volátiles producidos a través de la ruta de la Iipoxigenasa son los responsables de los atributos sensoriales más importantes del aceite de oliva virgen. El presente trabajo estudia la evolución de estos compuestos según diferentes condiciones de temperatura y tiempo del proceso de extracción. Se ha determinado la influencia de estos parámetros en la producción de compuestos volátiles C6 y C5 así como el efecto que tienen estos compuestos en los descriptores sensoriales más destacados del aceite de oliva virgen (verde, amargo-picante, dulce e indeseable. Se dan valores óptimos de tiempo y temperatura para la producción de aceites de oliva vírgenes de alta calidad sensorial. Los atributos sensoriales de tres variedades, la española Picual y las italianas Frantoio y Coratina, fueron evaluados y los compuestos volátiles cuantificados mediante dos metodologías diferentes con el fin de evitar que los resultados pudieran circunscribirse a una variedad espec

  2. Normalization for Implied Volatility

    OpenAIRE

    Fukasawa, Masaaki

    2010-01-01

    We study specific nonlinear transformations of the Black-Scholes implied volatility to show remarkable properties of the volatility surface. Model-free bounds on the implied volatility skew are given. Pricing formulas for the European options which are written in terms of the implied volatility are given. In particular, we prove elegant formulas for the fair strikes of the variance swap and the gamma swap.

  3. Money growth volatility and the demand for money in Germany: Friedman's volatility hypothesis revisited

    OpenAIRE

    Brüggemann, Imke; Nautz, Dieter

    1997-01-01

    Recently, the Bundesbank claimed that monetary targeting has become considerably more diffcult by the increased volatility of short-term money growth. The present paper investigates the impact of German money growth volatility on income velocity and money demand in view of Friedman's money growth volatility hypothesis. Granger-causality tests provide some evidence for a velocity-volatility linkage. However the estimation of volatility-augmented money demand functions reveals that - in contras...

  4. Chasing volatility

    DEFF Research Database (Denmark)

    Caporin, Massimiliano; Rossi, Eduardo; Santucci de Magistris, Paolo

    The realized volatility of financial returns is characterized by persistence and occurrence of unpreditable large increments. To capture those features, we introduce the Multiplicative Error Model with jumps (MEM-J). When a jump component is included in the multiplicative specification, the condi......The realized volatility of financial returns is characterized by persistence and occurrence of unpreditable large increments. To capture those features, we introduce the Multiplicative Error Model with jumps (MEM-J). When a jump component is included in the multiplicative specification...... estimate alternative specifications of the model using a set of daily bipower measures for 7 stock indexes and 16 individual NYSE stocks. The estimates of the jump component confirm that the probability of jumps dramatically increases during the financial crisis. Compared to other realized volatility...... models, the introduction of the jump component provides a sensible improvement in the fit, as well as for in-sample and out-of-sample volatility tail forecasts....

  5. Síntesis de un compuesto de polimetacrilato de metilo con nanotubos de carbono de pared múltiple a escala de laboratorio

    Directory of Open Access Journals (Sweden)

    Yuly Méndez

    2009-05-01

    Full Text Available El objetivo del presente trabajo es la síntesis y caracterización térmica de un compuesto de polimetacrilato de metilo (PMMA con nanotubos de carbono de pared múltiple (MWNTs a escala de laboratorio. El compuesto de PMMA con MWNTs fue producido por polimerización in-situ en masa, usando como iniciador Peróxido de Benzoilo (BPO. Previamente a la polimerización, se realizó una reacción entre los MWNT y el BPO para propiciar la formación de radicales libres en la superficie de los MWNT. La concentración de MWNTs fue variada para producir muestras con 0%, 0,1% y 0,5% en peso de MWNT. El compuesto obtenido presenta una adecuada dispersión en la matríz polimérica y propiedades térmicas diferentes a la del PMMA blanco, lo que evidencia la transferencia de propiedades por parte de los MWNTs. El método propuesto es sencillo y de bajo costo, y puede ser usado en una gran variedad de aplicaciones industriales./The purpose of the current work was the lab-scale synthesis and thermal characterization of a Poly(methyl methacrylate-Multi-walled Carbon Nanotube (PMMA-MWNTs composite. The PMMA-MWNTs composite was produced by mass in-situ polymerization, using Benzoyl Peroxide (BPO as initiator. As a previous step to the polymerization, a BPO-MWNTs reaction was performed to trigger the formation of free radicals in the surface of the MWNTs. The MWNT concentration in the composite was varied to produce samples of 0%, 0.1% and 0.5% w/w of MWNTs in PMMA. The produced composites show an adequate dispersion and different thermal properties than the PMMA blank, suggesting a property transfer from the nanoparticles. The proposed production method is simple, of relatively low cost and easily applicable in a variety of industrial applications.

  6. Un modelo econométrico de medición de las relaciones de sustitución entre materias primas compradas para la producción de piensos compuestos y su asignación

    OpenAIRE

    Peeters, Ludo; Surry, Yves

    1993-01-01

    El objeto de este artículo es presentar un modelo econométrico para estimar las relaciones de sustitución entre las materias primas compradas para la producción de piensos compuestos y su asignación entre los diferentes tipos de piensos para diferentes tipos de ganado utilizando una función dual de costes. Dicho modelo se aplica a las industrias belga y neerlandesa de piensos compuestos. El modelo empírico utiliza una función de costes Simétrica Generalizada de McFadden de outputs múltiples q...

  7. Volatility in Equilibrium

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Sizova, Natalia; Tauchen, George

    Stock market volatility clusters in time, carries a risk premium, is fractionally inte- grated, and exhibits asymmetric leverage effects relative to returns. This paper develops a first internally consistent equilibrium based explanation for these longstanding empirical facts. The model is cast i......, and the dynamic cross-correlations of the volatility measures with the returns calculated from actual high-frequency intra-day data on the S&P 500 aggregate market and VIX volatility indexes....

  8. American options under stochastic volatility

    NARCIS (Netherlands)

    Chockalingam, A.; Muthuraman, K.

    2011-01-01

    The problem of pricing an American option written on an underlying asset with constant price volatility has been studied extensively in literature. Real-world data, however, demonstrate that volatility is not constant, and stochastic volatility models are used to account for dynamic volatility

  9. Inmunonutrición: una potente herramienta para evaluar situaciones nutricionales y beneficios de nutrientes, compuestos bioactivos y alimentos

    OpenAIRE

    Díaz, L. E.; Gómez Martínez, Sonia; Nova, Esther; Romeo, J.; Marcos, Ascensión

    2012-01-01

    © 2012 Kellogg Company.El texto está disponible para cualquiera que se registre previamente en http://www.katedrakelloggs.com .- 8.Inmunonutrición: una potente herramienta para evaluar situaciones nutricionales y beneficios de nutrientes, compuestos bioactivos y alimentos119-130; 12 páginas,3 figuras, 3 tablas--Manual Práctico de Nutrición y Salud Kellogg’s, obra colectiva de visión multidisciplinar que surge a propuesta del colectivo médico ante la necesidad de recibir formación en materia d...

  10. Proboscis extension reflex platform for volatiles and semi-volatiles detection

    Energy Technology Data Exchange (ETDEWEB)

    Wingo, Robert M. (Los Alamos, NM); McCabe, Kirsten J. (Los Alamos, NM); Haarmann, Timothy K. (Jemez Pueblo, NM)

    2010-11-30

    The present invention provides an apparatus for the detection of volatile and semi-volatile chemicals using the olfactory abilities of honey bees that are trained to respond to the presence of a specific chemical in a sample of gas with the proboscis extension reflex (PER). In particular, the geometry and arrangement of the parts of the apparatus are such that the amount of surface area in contact with the sample of gas prior to its introduction to the bees is minimized to improve the detection of particular volatile and semi-volatile that have a tendency to "stick" to contacting surfaces, especially certain chemicals associated with explosives and narcotics. According to another aspect of the present invention, a pre-concentrating means is incorporated with the device to effectively increase the concentration of "sticky" chemicals presented to the insects.

  11. Evaluación de dos silanos en compuestos deetilenvinilacetato y harina TelinneMonspessulana//Evaluation of two silanes in ethylenevinylacetate and TelinneMonspessulana flour compounds

    Directory of Open Access Journals (Sweden)

    Oscar Buitrago-Suescun

    2015-09-01

    Full Text Available Se realizó un estudio comparativo del efecto que produce la adición de agentes de acoplamiento tipo silanovinyltrimethoxysilano y 3-aminopropiltrietoxisilano sobre la mezcla de etilenvinilacetato con harina de TelinneMonspessulana. La incorporación de agentes de acoplamiento se hizo de manera directa sobre la mezcla empleando harina sin tratar y mercerizada. También se hicieron ensayos mezclando etilenvinilacetatoy harina injertada previamente con cada uno de los silanos. Los compuestos fueron sometidos a ensayos de tensión con el fin de evaluar los agentes de acoplamiento. Se encontró que la adición delsilano amino durante el mezclado de los compuestos aumentó la resistencia a la tracción, siendo un importante resultado pues estos son materiales livianos aplicables en la industria de construcción y automotriz.Palabras claves: etilenvinilacetato, harina telinnemonspessulana, compuestos de plástico con madera, agente de acoplamiento silano, viniltrimetoxisilano, aminopropiltrietoxisilano._____________________________________________________________________________AbstractA comparative study the effect of the addition of silane coupling agents, vinyltrimethoxysilane and 3-aminopropyltriethoxysilane on ethylenevinylacetate and Telinnemonspessulana flour composites was performed. The silane coupling agents were added in the mixing stage of ethylene vinyl acetate and wood flour (untreated and mercerized. Tests were also made by mixing ethylenevinylacetate with previously grafted wood flour. Flour graft was performed with vinyltrimethoxysilane and 3-aminopropiltrietoxisilano. The compounds were tested for tensile testing to evaluate the coupling agents. It was found that the addition of amino-silane during mixing increased tensile strength, being this an important result since these are lightweight materials that can be used in the construction and automobile industry. Key words: ethylene-vinyl acetate, telinnemonspessulana flour, wood

  12. Volatility and variance swaps : A comparison of quantitative models to calculate the fair volatility and variance strike

    OpenAIRE

    Röring, Johan

    2017-01-01

    Volatility is a common risk measure in the field of finance that describes the magnitude of an asset’s up and down movement. From only being a risk measure, volatility has become an asset class of its own and volatility derivatives enable traders to get an isolated exposure to an asset’s volatility. Two kinds of volatility derivatives are volatility swaps and variance swaps. The problem with volatility swaps and variance swaps is that they require estimations of the future variance and volati...

  13. Ausencia de equivalencia terapéutica de 7 productos genéricos de lincomicina comparados con el compuesto original

    Directory of Open Access Journals (Sweden)

    Omar Vesga

    2004-02-01

    Full Text Available

    La equivalencia farmacéutica (EF como prueba de equivalencia terapéutica (ET para productos genéricos parenterales (PG es un dogma ampliamente difundido y aceptado, pero nunca se ha retado experimentalmente [1]. Comparamos la magnitud de los parámetros farmacodinámicos (PD de los genéricos de lincomicina (LIN con los del compuesto original (CO, mediante determinación de su eficacia bactericida in vitro e in vivo.

     

     

  14. Endogenous Lunar Volatiles

    Science.gov (United States)

    McCubbin, F. M.; Liu, Y.; Barnes, J. J.; Anand, M.; Boyce, J. W.; Burney, D.; Day, J. M. D.; Elardo, S. M.; Hui, H.; Klima, R. L.; Magna, T.; Ni, P.; Steenstra, E.; Tartèse, R.; Vander Kaaden, K. E.

    2018-04-01

    This abstract discusses numerous outstanding questions on the topic of endogenous lunar volatiles that will need to be addressed in the coming years. Although substantial insights into endogenous lunar volatiles have been gained, more work remains.

  15. Informe del proyecto "Efecto de compuestos fenólicos de la dieta sobre los parámetros productivos, reproductivos y de calidad de la canal y de la carne en la especie ovina" (RTA2012-00080-00-00)

    OpenAIRE

    Joy Torrens, Margalida; Centro de Investigación y Tecnología Agroalimentaria de Aragón - CITA

    2016-01-01

    Este proyecto engloba un conjunto de trabajos dirigidos a avanzar en el conocimiento del efecto de algunos compuestos secundarios de las plantas (carotenoides, vitaminas, taninos condensados, polifenoles) sobre los parámetros productivos, reproductivos y la calidad del producto final (carne y leche) de ovino. Además se pretende valorar el contenido en estos compuestos secundarios y la producción de metano in vitro de varias plantas forrajeras utilizadas en áreas con clima mediterráneo (Valle ...

  16. Emerging non-volatile memories

    CERN Document Server

    Hong, Seungbum; Wouters, Dirk

    2014-01-01

    This book is an introduction to the fundamentals of emerging non-volatile memories and provides an overview of future trends in the field. Readers will find coverage of seven important memory technologies, including Ferroelectric Random Access Memory (FeRAM), Ferromagnetic RAM (FMRAM), Multiferroic RAM (MFRAM), Phase-Change Memories (PCM), Oxide-based Resistive RAM (RRAM), Probe Storage, and Polymer Memories. Chapters are structured to reflect diffusions and clashes between different topics. Emerging Non-Volatile Memories is an ideal book for graduate students, faculty, and professionals working in the area of non-volatile memory. This book also: Covers key memory technologies, including Ferroelectric Random Access Memory (FeRAM), Ferromagnetic RAM (FMRAM), and Multiferroic RAM (MFRAM), among others. Provides an overview of non-volatile memory fundamentals. Broadens readers' understanding of future trends in non-volatile memories.

  17. Volatility Exposure for Strategic Asset Allocation

    OpenAIRE

    Briere, Marie; Burgues, Alexandre; Signori, Ombretta

    2008-01-01

    This paper examines the advantages of incorporating strategic exposure to equity volatility into the investment-opportunity set of a long-term equity investor. We consider two standard volatility investments: implied volatility and volatility risk premium strategies. To calibrate and assess the risk/return profile of the portfolio, we present an analytical framework offering pragmatic solutions for long-term investors seeking exposure to volatility. The benefit of volatility exposure for a co...

  18. Origin of Volatiles in Earth: Indigenous Versus Exogenous Sources Based on Highly Siderophile, Volatile Siderophile, and Light Volatile Elements

    Science.gov (United States)

    Righter, K.; Danielson, L.; Pando, K. M.; Marin, N.; Nickodem, K.

    2015-01-01

    Origin of Earth's volatiles has traditionally been ascribed to late accretion of material after major differentiation events - chondrites, comets, ice or other exogenous sources. A competing theory is that the Earth accreted its volatiles as it was built, thus water and other building blocks were present early and during differentiation and core formation (indigenous). Here we discuss geochemical evidence from three groups of elements that suggests Earth's volatiles were acquired during accretion and did not require additional sources after differentiation.

  19. Volatility transmission and volatility impulse response functions in European electricity forward markets

    International Nuclear Information System (INIS)

    Le Pen, Yannick; Sevi, Benoit

    2008-01-01

    Using daily data from March 2001 to June 2005, we estimate a VAR-BEKK model and find evidence of return and volatility spillovers between the German, the Dutch and the British forward electricity markets. We apply Hafner and Herwartz [2006, Journal of International Money and Finance 25, 719-740] Volatility Impulse Response Function(VIRF) to quantify the impact of shock on expected conditional volatility. We observe that a shock has a high positive impact only if its size is large compared to the current level of volatility. The impact of shocks are usually not persistent, which may be an indication of market efficiency. Finally, we estimate the density of the VIRF at different forecast horizon. These fitted distributions are asymmetric and show that extreme events are possible even if their probability is low. These results have interesting implications for market participants whose risk management policy is based on option prices which themselves depend on the volatility level. (authors)

  20. The volatility of HOL

    International Nuclear Information System (INIS)

    Wren, D.J.; Sanipelli, G.

    1985-01-01

    The volatility of HOI has been measured using a mass spectrometer to analyze the gas phase above an aqueous solution. The HOI in solution was generated continuously in a flow reactor that combined I/sup -/ and OCl/sup -/ solutions. The analysis has resulted in a lower limit of 6X10/sup 3/ mol . dm/sup -3/ . atm/sup -1/ for the equilibrium constant for the reaction HOI(g)/equilibrium/HOI(aq). This value is a factor 30 greater than the best previous estimate. This new limit for HOI volatility results in higher total iodine partition coefficients, particularly for solutions with pH>8. The upper limit for the equilibrium constant is consistent with essentially zero volatility for HOI. The effect of HOI volatility on total iodine volatility is briefly discussed as a function of solution chemistry and kinetics

  1. Volatility Mean Reversion and the Market Price of Volatility Risk

    NARCIS (Netherlands)

    Boswijk, H.P.

    2001-01-01

    This paper analyzes sources of derivative pricing errors in a stochastic volatility model estimated on stock return data. It is shown that such pricing errors may reflect the existence of a market price of volatility risk, but also may be caused by estimation errors due to a slow mean reversion in

  2. Comentarios críticos de la Norma UNE 7245 sobre "determinación de los compuestos de azufre contenidos en los áridos"

    Directory of Open Access Journals (Sweden)

    Calleja, José

    1982-06-01

    Full Text Available This paper shows some deficiences of the Spanish Standard Method UNE 7245 and the corresponding deficiences of the Spanish Concrete Code EH-SO adopting it. According to the actual Method, erroneous low values may result in determining sulphides and in general sulphur compounds in cocrete aggregates. Attention is drawn to the convenience of revising the limit of 1.2 per cent for the admissible maximum value of such compounds, particularly if they are exclusively formed by pyrites.

    Se ponen de relieve en este trabajo ciertas definiciones de la Norma UNE 7245 y las correspondientes de la Instrucción EH-80 que la adopta, en cuanto que la citada Norma puede dar valores erróneos por defecto en la determinación de sulfures y, en general, de compuestos de azufre en áridos para hormigón. Se llama la atención sobre la conveniencia de revisar el límite de 1,2 por ciento para el contenido máximo tolerable de dichos compuestos, particularmente si están constituidos en exclusiva por piritas.

  3. Cost Linkages Transmit Volatility Across Markets

    DEFF Research Database (Denmark)

    Nguyen, Daniel Xuyen; Schaur, Georg

    We present and test a model relating a firm's idiosyncratic cost, its exporting status, and the volatilities of its domestic and export sales. In prior models of trade, supply costs for domestic and exports were linear and thus additively separable. We introduce a nonlinear cost function in order...... to link the domestic and export supply costs. This theoretical contribution has two new implications for the exporting firm. First, the demand volatility in the foreign market now directly affects the firm's domestic sales volatility. Second, firms hedge domestic demand volatility with exports. The model...... has several testable predictions. First, larger firms have lower total and domestic sales volatilities. Second, foreign market volatility increases domestic sales volatilities for exporters. Third, exporters allocate output across both markets in order to reduce total sales volatility. We find...

  4. Time-Varying Periodicity in Intraday Volatility

    DEFF Research Database (Denmark)

    Andersen, Torben Gustav; Thyrsgaard, Martin; Todorov, Viktor

    We develop a nonparametric test for deciding whether return volatility exhibits time-varying intraday periodicity using a long time-series of high-frequency data. Our null hypothesis, commonly adopted in work on volatility modeling, is that volatility follows a stationary process combined...... with a constant time-of-day periodic component. We first construct time-of-day volatility estimates and studentize the high-frequency returns with these periodic components. If the intraday volatility periodicity is invariant over time, then the distribution of the studentized returns should be identical across...... with estimating volatility moments through their sample counterparts. Critical values are computed via easy-to-implement simulation. In an empirical application to S&P 500 index returns, we find strong evidence for variation in the intraday volatility pattern driven in part by the current level of volatility...

  5. Materiales compuestos C/SiC para aplicaciones estructurales de alta temperatura. Parte I: estabilidad termodinámica y química

    Directory of Open Access Journals (Sweden)

    Aparicio, M.

    2000-12-01

    Full Text Available The development of aero-engine and aircraft industry is aimed to hypersonic technology, efficiency enhancements and pollutant emission reductions. This objective can only be reached by increasing the operating temperatures, utilising new materials which mechanical properties are retained up to high temperatures. SiC matrix composites reinforced with carbon fibres (C/SiC are good examples with very good bending and thermal shock resistance at temperatures up to 1600ºC as well as low density. However, the fact which currently inhibits the application of these materials is the high oxidation rate of carbon fibres at temperatures above 450ºC. In the first part of the paper, a review of the most important properties and oxidation mechanisms of C and SiC has been carried out. The influence of each material disposition, individually and as composite, has been analysed.

    El desarrollo de la industria aeroespacial se orienta actualmente hacia la tecnología hipersónica, el incremento en el rendimiento de las reacciones de combustión y la reducción de la emisión de contaminantes. Estos objetivos sólo pueden alcanzarse aumentando la temperatura de combustión, para lo cual es necesario desarrollar nuevos materiales que conserven sus propiedades mecánicas hasta temperaturas muy elevadas. Entre ellos se encuentran los materiales compuestos de matriz de SiC reforzada con fibra continua de carbono (C/SiC, cuyas propiedades más importantes son una elevada resistencia a flexión y al choque térmico desde temperatura ambiente hasta 1600ºCy su reducido peso específico. Sin embargo, el principal problema que acompaña a los materiales compuestos C/SiC es la elevada velocidad de oxidación de la fibra de carbono a partir de 450ºC. En la primera parte del trabajo se realiza una revisión de las características más relevantes del carbono y SiC, y de su comportamiento frente a la oxidación, tanto por separado como formando parte de materiales

  6. Bias correction in the realized stochastic volatility model for daily volatility on the Tokyo Stock Exchange

    Science.gov (United States)

    Takaishi, Tetsuya

    2018-06-01

    The realized stochastic volatility model has been introduced to estimate more accurate volatility by using both daily returns and realized volatility. The main advantage of the model is that no special bias-correction factor for the realized volatility is required a priori. Instead, the model introduces a bias-correction parameter responsible for the bias hidden in realized volatility. We empirically investigate the bias-correction parameter for realized volatilities calculated at various sampling frequencies for six stocks on the Tokyo Stock Exchange, and then show that the dynamic behavior of the bias-correction parameter as a function of sampling frequency is qualitatively similar to that of the Hansen-Lunde bias-correction factor although their values are substantially different. Under the stochastic diffusion assumption of the return dynamics, we investigate the accuracy of estimated volatilities by examining the standardized returns. We find that while the moments of the standardized returns from low-frequency realized volatilities are consistent with the expectation from the Gaussian variables, the deviation from the expectation becomes considerably large at high frequencies. This indicates that the realized stochastic volatility model itself cannot completely remove bias at high frequencies.

  7. Forecasting volatility of crude oil markets

    International Nuclear Information System (INIS)

    Kang, Sang Hoon; Kang, Sang-Mok; Yoon, Seong-Min

    2009-01-01

    This article investigates the efficacy of a volatility model for three crude oil markets - Brent, Dubai, and West Texas Intermediate (WTI) - with regard to its ability to forecast and identify volatility stylized facts, in particular volatility persistence or long memory. In this context, we assess persistence in the volatility of the three crude oil prices using conditional volatility models. The CGARCH and FIGARCH models are better equipped to capture persistence than are the GARCH and IGARCH models. The CGARCH and FIGARCH models also provide superior performance in out-of-sample volatility forecasts. We conclude that the CGARCH and FIGARCH models are useful for modeling and forecasting persistence in the volatility of crude oil prices. (author)

  8. Forecasting volatility of crude oil markets

    Energy Technology Data Exchange (ETDEWEB)

    Kang, Sang Hoon [Department of Business Administration, Gyeongsang National University, Jinju, 660-701 (Korea); Kang, Sang-Mok; Yoon, Seong-Min [Department of Economics, Pusan National University, Busan, 609-735 (Korea)

    2009-01-15

    This article investigates the efficacy of a volatility model for three crude oil markets - Brent, Dubai, and West Texas Intermediate (WTI) - with regard to its ability to forecast and identify volatility stylized facts, in particular volatility persistence or long memory. In this context, we assess persistence in the volatility of the three crude oil prices using conditional volatility models. The CGARCH and FIGARCH models are better equipped to capture persistence than are the GARCH and IGARCH models. The CGARCH and FIGARCH models also provide superior performance in out-of-sample volatility forecasts. We conclude that the CGARCH and FIGARCH models are useful for modeling and forecasting persistence in the volatility of crude oil prices. (author)

  9. Efectos de los nutrientes y compuestos biactivos de los alimentos en tejidos y células de cáncer humano: aproximación nutrigenómica

    Directory of Open Access Journals (Sweden)

    Jhonny E. Vargas Hernández

    2013-07-01

    El objetivo de esta investigación fue revisar, en la información científica reciente, los efectos o interacciones de los nutrientes y compuestos bioactivos de los alimentos en tejidos y/o células de cáncer humano bajo una aproximación nutrigenómica. Se realizó una búsqueda de los artículos, publicados entre enero de 2011 y octubre de 2012, en la base de datos Pubmed, utilizando términos MeSH y “Text Word” relevantes para el objetivo de investigación. De esta búsqueda se obtuvo un total de 250 publicaciones de los cuales se seleccionaron 33. En general, los efectos e interacciones de los nutrientes y compuestos bioactivos selectivamente inducen la muerte e inhiben el crecimiento y proliferación de las células cancerígenas; sin embargo, bajo ciertas condiciones, dichos efectos e interacciones pueden promover la carcinogénesis

  10. Comparación de las propiedades de compuestos en base de polipropileno en mezcla con diversos residuos agroindustriales del Ecuador

    OpenAIRE

    Tapia, Clotario; Paredes, Cecilia; Correa, Carlos

    2009-01-01

    El desarrollo de los llamados Wood Plastic Composites (WPC) en los últimos cinco años ha sido vertiginoso, presentando una alternativa eficiente a los tradicionales refuerzos minerales como el CaCO3 en los compuestos en base termoplástica. Al ser Ecuador un país con una economía fuertemente dependiente del desarrollo agrícola, es importante el plantear alternativas para la explotación sustentable de su suelo. En el siguiente trabajo se presenta ensayos realizados a residuos agroindustriales c...

  11. Materiales compuestos C/SiC para aplicaciones estructurales de alta temperatura. Parte II: Sistemas de protección contra la oxidación

    Directory of Open Access Journals (Sweden)

    Aparicio, M.

    2001-02-01

    Full Text Available The fact which currently excludes the use of C/SiC composites in high temperature structural applications is the high oxidation rate of carbon fibres at temperatures higher than 450ºC. In this second part of the paper, a review of the different oxidation protection systems, including inhibitors, surface modification of composites, coatings and previous infiltration of the substrates, has been carried out. The addition of inhibitors reduces the oxidation rate, but only up to 850ºC, while the surface modification of composites leads to thin coatings with poor thermal shock resistance. On the other hand, the external layers are the most usual method employed because allows combining different compositions and thicknesses. The multilayer coatings are especially interesting in applications with wide temperature range and thermal shocks requirements. The infiltration of substrate porosity improves slightly the oxidation resistance of C/SiC composites reducing the oxygen accessibility to carbon fibres. However, the infiltration complements very well the oxidation protection performance of a coating system at low temperature, since these normally present open cracks due to mismatch between coating and substrate thermal expansion coefficients.

    La utilización de los materiales compuestos C/SiC en aplicaciones estructurales a alta temperatura está limitada por la elevada velocidad de oxidación de la fibra de carbono a temperaturas superiores de 450ºC. En esta segunda parte del trabajo se realiza una revisión de las posibilidades de protección contra la oxidación de estos materiales, incluyendo inhibidores, modificación superficial del material compuesto, recubrimientos e infiltración previa del sustrato. La eficacia de los inhibidores de la reacción de oxidación esta restringida a temperaturas de hasta 850ºC, mientras que la modificación superficial del material compuesto da lugar a capas delgadas y poco resistentes a los ciclos t

  12. Alternative Asymmetric Stochastic Volatility Models

    NARCIS (Netherlands)

    M. Asai (Manabu); M.J. McAleer (Michael)

    2010-01-01

    textabstractThe stochastic volatility model usually incorporates asymmetric effects by introducing the negative correlation between the innovations in returns and volatility. In this paper, we propose a new asymmetric stochastic volatility model, based on the leverage and size effects. The model is

  13. 291. Permeabilidad a medio-largo plazo de los injertos arteriales compuestos en cirugía cardíaca de revascularización miocárdica

    Directory of Open Access Journals (Sweden)

    P. Losada Mora

    2012-04-01

    Conclusiones: Existe una alta permeabilidad a medio-largo plazo de injertos arteriales compuestos. La permeabilidad de los injertos venosos es menor que la de los arteriales, relacionándose ésta con la dislipemia. No se ha encontrado diferencias entre la utilización de AMD o AR y la mayor permeabilidad a medio-largo plazo.

  14. Evaluación de la remoción de nutrientes y compuestos organoclorados y sus rutas de bioacumulación con la planta flotante Eichhornia crassipes expuesta a efluentes de pulpa de celulosa

    Directory of Open Access Journals (Sweden)

    Diana Margarita Míguez Caramés

    2014-12-01

    Full Text Available El presente trabajo piloto tuvo como objetivo estudiar el proceso de bioacumulación de nutrientes y compuestos organoclorados en Eichhornia crassipes expuesta a efluentes de una fábrica de celulosa que vierte en aguas del Río Uruguay, cerca de la ciudad de Fray Bentos, Río Negro, Uruguay. Se caracterizaron los principales atributos del efluente, antes y después del cultivo con Eichhornia, así como también se estudiaron las concentraciones de los halógenos orgánicos en plantas control y en plantas sometidas al efluente. Se observaron cambios macroscópicos en la planta, los compuestos organoclorados se bioacumularon principalmente en las hojas, registrándose valores de 9,4 µg/g frente a 2,1 µg/g observados en la biomasa control. La remoción de nutrientes fue del orden del 90%. Los resultados obtenidos sugieren que la fitorremediación con plantas flotables es un método potencialmente ventajoso para ser utilizado como tratamiento terciario en países tropicales y subtropicales para disminuir la concentración de compuestos orgánicos clorados recalcitrantes y como método de remoción de nitratos y fosfatos de efluentes de plantas de celulosa.

  15. Impact of microorganism on polonium volatilization

    International Nuclear Information System (INIS)

    Momoshima, N.; Ishida, A.; Fukuda, A.; Yoshinaga, C.

    2007-01-01

    Volatilization of polonium by microorganisms, Chromobacterium violaceum, Escherichia coli and Bacillus subtilis was examined for pure cultures in LB medium at 30 deg C, showing relative Po emission intensity 100, 10 and 1, respectively. Chromobacterium violaceum pre-cultured in LB medium without Po and suspended in water with Po showed high Po volatilization in spite of poor nutriment condition. Antibiotics inhibit volatilization of Po and cultivation at low temperature greatly reduced volatilization. The results strongly support the biological effects on Po volatilization. (author)

  16. Eliminación de compuestos orgánicos e inorgánicos mediante procesos híbridos UF-MIEX®

    OpenAIRE

    Alcario Salazar, Jennifer

    2014-01-01

    El agua es fundamental para la vida, tanto humana como animal o vegetal, pero puede llegar a ser perjudicial si no se aplican los controles oportunos que garanticen su inocuidad. Su contaminación puede estar provocada por residuos agrícolas, industriales o domésticos. Así pues, una de las problemáticas del agua es la elevada concentración de compuestos orgánicos e inorgánicos como podrían ser el ácido húmico, los aniones y los cationes. Por este motivo, se debe de ejercer un control estric...

  17. Síntesis de tionitritos : Estudios de las estructuras electrónica y molecular para una familia de compuestos elusivos

    OpenAIRE

    Cánneva, Antonela

    2016-01-01

    Los compuestos del tipo S-nitrosotioles (también conocidos como tionitritos) contienen un grupo nitroso unido a un átomo de azufre, con fórmula general RSNO. Un grupo de S-nitrosotioles de alquilo fue preparado tempranamente en el año 1909 por Tasker y Jones mediante la reacción de alcanotioles (RSH) con cloruro de nitrosilo. A la largo del siglo pasado, se reportó un número menor de estudios relacionados con la síntesis y el estudio de propiedades fisicoquímicas y espectroscópicas de algunos...

  18. Stochastic volatility models and Kelvin waves

    Science.gov (United States)

    Lipton, Alex; Sepp, Artur

    2008-08-01

    We use stochastic volatility models to describe the evolution of an asset price, its instantaneous volatility and its realized volatility. In particular, we concentrate on the Stein and Stein model (SSM) (1991) for the stochastic asset volatility and the Heston model (HM) (1993) for the stochastic asset variance. By construction, the volatility is not sign definite in SSM and is non-negative in HM. It is well known that both models produce closed-form expressions for the prices of vanilla option via the Lewis-Lipton formula. However, the numerical pricing of exotic options by means of the finite difference and Monte Carlo methods is much more complex for HM than for SSM. Until now, this complexity was considered to be an acceptable price to pay for ensuring that the asset volatility is non-negative. We argue that having negative stochastic volatility is a psychological rather than financial or mathematical problem, and advocate using SSM rather than HM in most applications. We extend SSM by adding volatility jumps and obtain a closed-form expression for the density of the asset price and its realized volatility. We also show that the current method of choice for solving pricing problems with stochastic volatility (via the affine ansatz for the Fourier-transformed density function) can be traced back to the Kelvin method designed in the 19th century for studying wave motion problems arising in fluid dynamics.

  19. Stochastic volatility models and Kelvin waves

    International Nuclear Information System (INIS)

    Lipton, Alex; Sepp, Artur

    2008-01-01

    We use stochastic volatility models to describe the evolution of an asset price, its instantaneous volatility and its realized volatility. In particular, we concentrate on the Stein and Stein model (SSM) (1991) for the stochastic asset volatility and the Heston model (HM) (1993) for the stochastic asset variance. By construction, the volatility is not sign definite in SSM and is non-negative in HM. It is well known that both models produce closed-form expressions for the prices of vanilla option via the Lewis-Lipton formula. However, the numerical pricing of exotic options by means of the finite difference and Monte Carlo methods is much more complex for HM than for SSM. Until now, this complexity was considered to be an acceptable price to pay for ensuring that the asset volatility is non-negative. We argue that having negative stochastic volatility is a psychological rather than financial or mathematical problem, and advocate using SSM rather than HM in most applications. We extend SSM by adding volatility jumps and obtain a closed-form expression for the density of the asset price and its realized volatility. We also show that the current method of choice for solving pricing problems with stochastic volatility (via the affine ansatz for the Fourier-transformed density function) can be traced back to the Kelvin method designed in the 19th century for studying wave motion problems arising in fluid dynamics

  20. Stochastic volatility models and Kelvin waves

    Energy Technology Data Exchange (ETDEWEB)

    Lipton, Alex [Merrill Lynch, Mlfc Main, 2 King Edward Street, London EC1A 1HQ (United Kingdom); Sepp, Artur [Merrill Lynch, 4 World Financial Center, New York, NY 10080 (United States)], E-mail: Alex_Lipton@ml.com, E-mail: Artur_Sepp@ml.com

    2008-08-29

    We use stochastic volatility models to describe the evolution of an asset price, its instantaneous volatility and its realized volatility. In particular, we concentrate on the Stein and Stein model (SSM) (1991) for the stochastic asset volatility and the Heston model (HM) (1993) for the stochastic asset variance. By construction, the volatility is not sign definite in SSM and is non-negative in HM. It is well known that both models produce closed-form expressions for the prices of vanilla option via the Lewis-Lipton formula. However, the numerical pricing of exotic options by means of the finite difference and Monte Carlo methods is much more complex for HM than for SSM. Until now, this complexity was considered to be an acceptable price to pay for ensuring that the asset volatility is non-negative. We argue that having negative stochastic volatility is a psychological rather than financial or mathematical problem, and advocate using SSM rather than HM in most applications. We extend SSM by adding volatility jumps and obtain a closed-form expression for the density of the asset price and its realized volatility. We also show that the current method of choice for solving pricing problems with stochastic volatility (via the affine ansatz for the Fourier-transformed density function) can be traced back to the Kelvin method designed in the 19th century for studying wave motion problems arising in fluid dynamics.

  1. The price of fixed income market volatility

    CERN Document Server

    Mele, Antonio

    2015-01-01

    Fixed income volatility and equity volatility evolve heterogeneously over time, co-moving disproportionately during periods of global imbalances and each reacting to events of different nature. While the methodology for options-based "model-free" pricing of equity volatility has been known for some time, little is known about analogous methodologies for pricing various fixed income volatilities. This book fills this gap and provides a unified evaluation framework of fixed income volatility while dealing with disparate markets such as interest-rate swaps, government bonds, time-deposits and credit. It develops model-free, forward looking indexes of fixed-income volatility that match different quoting conventions across various markets, and uncovers subtle yet important pitfalls arising from naïve superimpositions of the standard equity volatility methodology when pricing various fixed income volatilities. The ultimate goal of the authors´ efforts is to make interest rate volatility standardization a valuable...

  2. Volatile accretion history of the Earth.

    Science.gov (United States)

    Wood, B J; Halliday, A N; Rehkämper, M

    2010-10-28

    It has long been thought that the Earth had a protracted and complex history of volatile accretion and loss. Albarède paints a different picture, proposing that the Earth first formed as a dry planet which, like the Moon, was devoid of volatile constituents. He suggests that the Earth's complement of volatile elements was only established later, by the addition of a small veneer of volatile-rich material at ∼100 Myr (here and elsewhere, ages are relative to the origin of the Solar System). Here we argue that the Earth's mass balance of moderately volatile elements is inconsistent with Albarède's hypothesis but is well explained by the standard model of accretion from partially volatile-depleted material, accompanied by core formation.

  3. Modelos animales y células derivadas para su uso en la determinación de compuestos útiles en el tratamiento de linfomas de células T

    OpenAIRE

    Bustelo, Xosé R.; Ruiz Macías, Sergio; Santos de Dios, Eugenio

    2008-01-01

    [ES] La presente invención se encuadra dentro del campo de la biotecnología. Se refiere a un método para evaluar si un compuesto es efectivo en la prevención y/o tratamiento de una enfermedad asociada a linfomas de células T.

  4. Demonstration of Novel Sampling Techniques for Measurement of Turbine Engine Volatile and Non-Volatile Particulate Matter (PM) Emissions

    Science.gov (United States)

    2017-03-06

    WP-201317) Demonstration of Novel Sampling Techniques for Measurement of Turbine Engine Volatile and Non-volatile Particulate Matter (PM... Engine Volatile and Non-Volatile Particulate Matter (PM) Emissions 6. AUTHOR(S) E. Corporan, M. DeWitt, C. Klingshirn, M.D. Cheng, R. Miake-Lye, J. Peck...the performance and viability of two devices to condition aircraft turbine engine exhaust to allow the accurate measurement of total (volatile and non

  5. Environmental exposure of commuters in Mexico City to volatile organic compounds as assessed by blood concentrations, 1998 Exposición ambiental a compuestos orgánicos volátiles evaluados en concentraciones sanguíneas en usuarios de transporte en la Ciudad de México, 1998

    Directory of Open Access Journals (Sweden)

    Sharon Lemire

    2004-02-01

    Full Text Available OBJECTIVE: To assess the extent of exposure for Volatile Organic Compounds (VOCs among nonoccupationally exposed commuters in Mexico City. MATERIAL AND METHODS: Blood concentrations of benzene, toluene, ethylbenzene, m-/p-xylene, o-xylene and methyl tert-butyl ether were determined on samples collected from participants after the morning commute. RESULTS: Median blood concentrations of benzene (0.11 mg/l, ethylbenzene (0.081 mg/l, m-/p-xylene (0.32 mg/l and toluene (0.56 mg/l in the Mexico City participants were all approximately two times higher than in a nonsmoking subset of the Third National Health and Nutrition Examination Survey population of the United States. On the other hand, median VOC blood levels were similar to medians observed in other studies involving commuters in specific U.S. cities, despite the fact that only half the Mexico City study participants commuted by personal vehicles compared with all U.S. commuters. CONCLUSIONS: These results reflect the extent of the air pollution problem in Mexico City. The surrounding topography exacerbates the problems caused by heavy vehicular traffic, poor emission-control devices on older vehicles, and poor maintenance practices. Elevated levels of gasoline components in the blood of nonoccupationally exposed commuters emphasize the need for regulatory initiatives and mass-transit options to reduce hydrocarbon emissions and thus reduce the risk for nonoccupational exposure for the residents of Mexico City.OBJETIVO: Evaluar la exposición a compuestos orgánicos volátiles en usuarios de transporte no expuestos ocupacionalmente en la Ciudad de México. MATERIAL Y MÉTODOS: Se determinaron las concentraciones sanguíneas de benceno, tolueno, etilbenceno, m/p-xileno, o-xileno y metil-terbutil éter en muestras obtenidas de participantes después del traslado matutino. RESULTADOS: Las concentraciones promedio de benceno en sangre (0.11mg/l, etilbenceno (0.081mg/l, m-/p-xileno (0.32mg/l y

  6. Financial market volatility and contagion effect: A copula-multifractal volatility approach

    Science.gov (United States)

    Chen, Wang; Wei, Yu; Lang, Qiaoqi; Lin, Yu; Liu, Maojuan

    2014-03-01

    In this paper, we propose a new approach based on the multifractal volatility method (MFV) to study the contagion effect between the U.S. and Chinese stock markets. From recent studies, which reveal that multifractal characteristics exist in both developed and emerging financial markets, according to the econophysics literature we could draw conclusions as follows: Firstly, we estimate volatility using the multifractal volatility method, and find out that the MFV method performs best among other volatility models, such as GARCH-type and realized volatility models. Secondly, we analyze the tail dependence structure between the U.S. and Chinese stock market. The estimated static copula results for the entire period show that the SJC copula performs best, indicating asymmetric characteristics of the tail dependence structure. The estimated dynamic copula results show that the time-varying t copula achieves the best performance, which means the symmetry dynamic t copula is also a good choice, for it is easy to estimate and is able to depict both the upper and lower tail dependence structure. Finally, with the results of the previous two steps, we analyze the contagion effect between the U.S. and Chinese stock markets during the subprime mortgage crisis. The empirical results show that the subprime mortgage crisis started in the U.S. and that its stock market has had an obvious contagion effect on the Chinese stock market. Our empirical results should/might be useful for investors allocating their portfolios.

  7. Dynamic Estimation of Volatility Risk Premia and Investor Risk Aversion from Option-Implied and Realized Volatilities

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Gibson, Michael; Zhou, Hao

    experiment confirms that the procedure works well in practice. Implementing the procedure with actual S&P500 option-implied volatilities and high-frequency five-minute-based realized volatilities indicates significant temporal dependencies in the estimated stochastic volatility risk premium, which we in turn...

  8. Parallel Prediction of Stock Volatility

    Directory of Open Access Journals (Sweden)

    Priscilla Jenq

    2017-10-01

    Full Text Available Volatility is a measurement of the risk of financial products. A stock will hit new highs and lows over time and if these highs and lows fluctuate wildly, then it is considered a high volatile stock. Such a stock is considered riskier than a stock whose volatility is low. Although highly volatile stocks are riskier, the returns that they generate for investors can be quite high. Of course, with a riskier stock also comes the chance of losing money and yielding negative returns. In this project, we will use historic stock data to help us forecast volatility. Since the financial industry usually uses S&P 500 as the indicator of the market, we will use S&P 500 as a benchmark to compute the risk. We will also use artificial neural networks as a tool to predict volatilities for a specific time frame that will be set when we configure this neural network. There have been reports that neural networks with different numbers of layers and different numbers of hidden nodes may generate varying results. In fact, we may be able to find the best configuration of a neural network to compute volatilities. We will implement this system using the parallel approach. The system can be used as a tool for investors to allocating and hedging assets.

  9. Volatile communication in plant-aphid interactions.

    Science.gov (United States)

    de Vos, Martin; Jander, Georg

    2010-08-01

    Volatile communication plays an important role in mediating the interactions between plants, aphids, and other organisms in the environment. In response to aphid infestation, many plants initiate indirect defenses through the release of volatiles that attract ladybugs, parasitoid wasps, and other aphid-consuming predators. Aphid-induced volatile release in the model plant Arabidopsis thaliana requires the jasmonate signaling pathway. Volatile release is also induced by infection with aphid-transmitted viruses. Consistent with mathematical models of optimal transmission, viruses that are acquired rapidly by aphids induce volatile release to attract migratory aphids, but discourage long-term aphid feeding. Although the ecology of these interactions is well-studied, further research is needed to identify the molecular basis of aphid-induced and virus-induced changes in plant volatile release. Copyright 2010 Elsevier Ltd. All rights reserved.

  10. Essays on nonparametric econometrics of stochastic volatility

    NARCIS (Netherlands)

    Zu, Y.

    2012-01-01

    Volatility is a concept that describes the variation of financial returns. Measuring and modelling volatility dynamics is an important aspect of financial econometrics. This thesis is concerned with nonparametric approaches to volatility measurement and volatility model validation.

  11. The exploitation of volatile oil

    Institute of Scientific and Technical Information of China (English)

    MENG Teng; ZHANG Da; TENG Xiangjin; LINing; HAO Zaibin

    2007-01-01

    Rose is a kind of favorite ornamental plant. This article briefly introduced the cultivation and the use of rose around the world both in ancient time and nowadays. Today, volatile oil becomes the mainstream of the rose industry. People pay attention to the effect of volatile oil; meanwhile, they speed up their research on extracting volatile oil and the ingredients.

  12. Understanding Financial Market Volatility

    NARCIS (Netherlands)

    A. Opschoor (Anne)

    2014-01-01

    markdownabstract__Abstract__ Volatility has been one of the most active and successful areas of research in time series econometrics and economic forecasting in recent decades. Loosely speaking, volatility is defined as the average magnitude of fluctuations observed in some phenomenon over

  13. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    After the financialization of commodity futures markets in 2004-05 oil volatility has become a strong predictor of returns and volatility of the overall stock market. Furthermore, stocks' exposure to oil volatility risk now drives the cross-section of expected returns. The difference in average...... return between the quintile of stocks with low exposure and high exposure to oil volatility is significant at 0.66% per month, and oil volatility risk carries a significant risk premium of -0.60% per month. In the post-financialization period, oil volatility risk is strongly related with various measures...

  14. Core-Mantle Partitioning of Volatile Elements and the Origin of Volatile Elements in Earth and Moon

    Science.gov (United States)

    Righter, K.; Pando, K.; Danielson, L.; Nickodem, K.

    2014-01-01

    Depletions of siderophile elements in mantles have placed constraints on the conditions on core segregation and differentiation in bodies such as Earth, Earth's Moon, Mars, and asteroid 4 Vesta. Among the siderophile elements there are a sub-set that are also volatile (volatile siderophile elements or VSE; Ga, Ge, In, As, Sb, Sn, Bi, Zn, Cu, Cd), and thus can help to constrain the origin of volatile elements in these bodies, and in particular the Earth and Moon. One of the fundamental observations of the geochemistry of the Moon is the overall depletion of volatile elements relative to the Earth, but a satisfactory explanation has remained elusive. Hypotheses for Earth include addition during accretion and core formation and mobilized into the metallic core, multiple stage origin, or addition after the core formed. Any explanation for volatile elements in the Earth's mantle must also be linked to an explanation of these elements in the lunar mantle. New metal-silicate partitioning data will be applied to the origin of volatile elements in both the Earth and Moon, and will evaluate theories for exogenous versus endogenous origin of volatile elements.

  15. Supercritical fluid extraction of volatile and non-volatile compounds from Schinus molle L.

    Directory of Open Access Journals (Sweden)

    M. S. T. Barroso

    2011-06-01

    Full Text Available Schinus molle L., also known as pepper tree, has been reported to have antimicrobial, antifungal, anti-inflammatory, antispasmodic, antipyretic, antitumoural and cicatrizing properties. This work studies supercritical fluid extraction (SFE to obtain volatile and non-volatile compounds from the aerial parts of Schinus molle L. and the influence of the process on the composition of the extracts. Experiments were performed in a pilot-scale extractor with a capacity of 1 L at pressures of 9, 10, 12, 15 and 20 MPa at 323.15 K. The volatile compounds were obtained by CO2 supercritical extraction with moderate pressure (9 MPa, whereas the non-volatile compounds were extracted at higher pressure (12 to 20 MPa. The analysis of the essential oil was carried out by GC-MS and the main compounds identified were sabinene, limonene, D-germacrene, bicyclogermacrene, and spathulenol. For the non-volatile extracts, the total phenolic content was determined by the Folin-Ciocalteau method. Moreover, one of the goals of this study was to compare the experimental data with the simulated yields predicted by a mathematical model based on mass transfer. The model used requires three adjustable parameters to predict the experimental extraction yield curves.

  16. Long Memory in Stock Market Volatility and the Volatility-in-Mean Effect: The FIEGARCH-M Model

    DEFF Research Database (Denmark)

    Christensen, Bent Jesper; Nielsen, Morten Ørregaard; Zhu, Jie

    We extend the fractionally integrated exponential GARCH (FIEGARCH) model for daily stock return data with long memory in return volatility of Bollerslev and Mikkelsen (1996) by introducing a possible volatility-in-mean effect. To avoid that the long memory property of volatility carries over to r...

  17. Asymmetric Realized Volatility Risk

    NARCIS (Netherlands)

    D.E. Allen (David); M.J. McAleer (Michael); M. Scharth (Marcel)

    2014-01-01

    markdownabstract__Abstract__ In this paper we document that realized variation measures constructed from high-frequency returns reveal a large degree of volatility risk in stock and index returns, where we characterize volatility risk by the extent to which forecasting errors in realized

  18. Nonparametric methods for volatility density estimation

    NARCIS (Netherlands)

    Es, van Bert; Spreij, P.J.C.; Zanten, van J.H.

    2009-01-01

    Stochastic volatility modelling of financial processes has become increasingly popular. The proposed models usually contain a stationary volatility process. We will motivate and review several nonparametric methods for estimation of the density of the volatility process. Both models based on

  19. Uncertainty of Volatility Estimates from Heston Greeks

    Directory of Open Access Journals (Sweden)

    Oliver Pfante

    2018-01-01

    Full Text Available Volatility is a widely recognized measure of market risk. As volatility is not observed it has to be estimated from market prices, i.e., as the implied volatility from option prices. The volatility index VIX making volatility a tradeable asset in its own right is computed from near- and next-term put and call options on the S&P 500 with more than 23 days and less than 37 days to expiration and non-vanishing bid. In the present paper we quantify the information content of the constituents of the VIX about the volatility of the S&P 500 in terms of the Fisher information matrix. Assuming that observed option prices are centered on the theoretical price provided by Heston's model perturbed by additive Gaussian noise we relate their Fisher information matrix to the Greeks in the Heston model. We find that the prices of options contained in the VIX basket allow for reliable estimates of the volatility of the S&P 500 with negligible uncertainty as long as volatility is large enough. Interestingly, if volatility drops below a critical value of roughly 3%, inferences from option prices become imprecise because Vega, the derivative of a European option w.r.t. volatility, and thereby the Fisher information nearly vanishes.

  20. Biodegradación de compuestos fenólicos del alpechín con Aspergillus terreus

    Directory of Open Access Journals (Sweden)

    García Paeja, María P.

    1992-04-01

    Full Text Available Olive mill wastewater degradation by Aspergillus terreus and under aerobic conditions at 28°C, was measured by the parameter of phenol content. We have explored the effect of different concentrations of olive mill wastewater upon the activity of Aspergillus terreus. Through HPLC, 10 phenol compounds (90% of the total phenolic content of the olive mill wastewater were identified.Se estudia la degradación de alpechines con Aspergillus terreus en condiciones de aerobiosis y temperatura de 28°C, utilizando como parámetro el contenido fenólico. Se analiza el efecto de la concentración de alpechín con Aspergillus terreus utilizando el mismo parámetro. Se han identificado por cromatografía líquida de alta eficacia (CLAE 10 compuestos fenólicos que suponen el 90% del total del alpechín.

  1. Fluctuation behaviors of financial return volatility duration

    Science.gov (United States)

    Niu, Hongli; Wang, Jun; Lu, Yunfan

    2016-04-01

    It is of significantly crucial to understand the return volatility of financial markets because it helps to quantify the investment risk, optimize the portfolio, and provide a key input of option pricing models. The characteristics of isolated high volatility events above certain threshold in price fluctuations and the distributions of return intervals between these events arouse great interest in financial research. In the present work, we introduce a new concept of daily return volatility duration, which is defined as the shortest passage time when the future volatility intensity is above or below the current volatility intensity (without predefining a threshold). The statistical properties of the daily return volatility durations for seven representative stock indices from the world financial markets are investigated. Some useful and interesting empirical results of these volatility duration series about the probability distributions, memory effects and multifractal properties are obtained. These results also show that the proposed stock volatility series analysis is a meaningful and beneficial trial.

  2. Ambient Volatility of Triethyl Phosphate

    Science.gov (United States)

    2017-08-01

    of materials is predictable using Raoult’s law. This report details the measurement of the effect of water vapor partial pressure on the volatility...empirical correlation taking into account nonideal behavior was developed to enable estimation of TEPO volatility at any combination of ambient...of the second component is expected to be one-half as much as in the absence of water vapor. Similarly, the measured volatility of the second

  3. Volatility persistence in crude oil markets

    International Nuclear Information System (INIS)

    Charles, Amélie; Darné, Olivier

    2014-01-01

    Financial market participants and policy-makers can benefit from a better understanding of how shocks can affect volatility over time. This study assesses the impact of structural changes and outliers on volatility persistence of three crude oil markets – Brent, West Texas Intermediate (WTI) and Organization of Petroleum Exporting Countries (OPEC) – between January 2, 1985 and June 17, 2011. We identify outliers using a new semi-parametric test based on conditional heteroscedasticity models. These large shocks can be associated with particular event patterns, such as the invasion of Kuwait by Iraq, the Operation Desert Storm, the Operation Desert Fox, and the Global Financial Crisis as well as OPEC announcements on production reduction or US announcements on crude inventories. We show that outliers can bias (i) the estimates of the parameters of the equation governing volatility dynamics; (ii) the regularity and non-negativity conditions of GARCH-type models (GARCH, IGARCH, FIGARCH and HYGARCH); and (iii) the detection of structural breaks in volatility, and thus the estimation of the persistence of the volatility. Therefore, taking into account the outliers on the volatility modelling process may improve the understanding of volatility in crude oil markets. - Highlights: • We study the impact of outliers on volatility persistence of crude oil markets. • We identify outliers and patches of outliers due to specific events. • We show that outliers can bias (i) the estimates of the parameters of GARCH models, (ii) the regularity and non-negativity conditions of GARCH-type models, (iii) the detection of structural breaks in volatility of crude oil markets

  4. Improving Garch Volatility Forecasts

    NARCIS (Netherlands)

    Klaassen, F.J.G.M.

    1998-01-01

    Many researchers use GARCH models to generate volatility forecasts. We show, however, that such forecasts are too variable. To correct for this, we extend the GARCH model by distinguishing two regimes with different volatility levels. GARCH effects are allowed within each regime, so that our model

  5. Influence of storage temperature on quality parameters, phenols and volatile compounds of Croatian virgin olive oils

    Directory of Open Access Journals (Sweden)

    Brkić Bubola, K.

    2014-09-01

    Full Text Available The influence of low storage temperature (+4 °C and -20 °C and conventional storage room temperature on the quality parameters, phenolic contents and volatile profiles of Buža, Črna and Rosinjola monovarietal virgin olive oils after 12 months of storage was investigated in this study. Virgin olive oils stored at low temperatures maintained better quality parameters than oils stored at room temperature. A negligible decrease in the total phenols was detected after 12 months of storage at all investigated temperatures. The total volatile compounds, aldehydes, alcohols and esters in almost all stored samples were unchanged compared to fresh oils. Total ketones increased after storage, although at a lower temperature these changes were less notable. An increase in the oxidation indicators hexanal and hexanal/E-2-hexenal ratio was the lowest in oils stored at +4 °C.Storage at temperatures lower than room temperature could help to prolong the shelf-life of extra virgin olive oil by maintaining high quality parameters and preserving the fresh oil’s volatile profile.Se ha estudiado la influencia, durante 12 meses, de temperaturas bajas (+4 °C y −20 °C y convencional (ambiente, sobre los parámetros de calidad, contenido fenólico y perfil de volátiles de aceites de oliva vírgenes monovarietales Buža, Črna y Rosinjola. Los aceites de oliva vírgenes almacenados a bajas temperaturas mantienen mejores propiedades de calidad que los aceites almacenados a temperatura ambiente. Se encontró una disminución no significativa de los fenoles totales después de 12 meses de almacenamiento a todas las temperaturas estudiadas. Los compuestos volátiles totales, aldehídos, alcoholes y ésteres, en casi todas las muestras almacenadas, se mantuvieron sin cambios en comparación con los aceites frescos. Las cetonas totales incrementaron tras el almacenamiento, aunque a temperaturasmas bajas estos cambios fueron menos notables. El incremento de los

  6. The effect of volatility on percutaneous absorption.

    Science.gov (United States)

    Rouse, Nicole C; Maibach, Howard I

    2016-01-01

    Topically applied chemicals may volatilize, or evaporate, from skin leaving behind a chemical residue with new percutaneous absorptive capabilities. Understanding volatilization of topical medications, such as sunscreens, fragrances, insect repellants, cosmetics and other commonly applied topicals may have implications for their safety and efficacy. A systematic review of English language articles from 1979 to 2014 was performed using key search terms. Articles were evaluated to assess the relationship between volatility and percutaneous absorption. A total of 12 articles were selected and reviewed. Key findings were that absorption is enhanced when coupled with a volatile substance, occlusion prevents evaporation and increases absorption, high ventilation increases volatilization and reduces absorption, and pH of skin has an affect on a chemical's volatility. The articles also brought to light that different methods may have an affect on volatility: different body regions; in vivo vs. in vitro; human vs. Data suggest that volatility is crucial for determining safety and efficacy of cutaneous exposures and therapies. Few articles have been documented reporting evaporation in the context of percutaneous absorption, and of those published, great variability exists in methods. Further investigation of volatility is needed to properly evaluate its role in percutaneous absorption.

  7. Interior Volatile Reservoirs in Mercury

    Science.gov (United States)

    Anzures, B. A.; Parman, S. W.; Milliken, R. E.; Head, J. W.

    2018-05-01

    More measurements of 1) surface volatiles, and 2) pyroclastic deposits paired with experimental volatile analyses in silicate minerals can constrain conditions of melting and subsequent eruption on Mercury.

  8. Non-volatile memories

    CERN Document Server

    Lacaze, Pierre-Camille

    2014-01-01

    Written for scientists, researchers, and engineers, Non-volatile Memories describes the recent research and implementations in relation to the design of a new generation of non-volatile electronic memories. The objective is to replace existing memories (DRAM, SRAM, EEPROM, Flash, etc.) with a universal memory model likely to reach better performances than the current types of memory: extremely high commutation speeds, high implantation densities and retention time of information of about ten years.

  9. Volcanic fluxes of volatiles. Preliminary estimates based on rare gas and major volatile calibration

    International Nuclear Information System (INIS)

    Marty, B.

    1992-01-01

    New estimates for volatile fluxes into the atmosphere and hydrosphere through volcanism have been computed using the measured fluxes of 3 He in oceans and SO 2 in the atmosphere, and the ratios between the volatiles in Mid-Ocean Ridge basalts and in high temperature volcanic gases. These estimates have been checked using independent estimates of the volcanic fluxes. This method provides a reliable means of tracing volatile fluxes, although its precision is restricted by the limited amount of data currently available. (author). 19 refs, 1 tab

  10. [Chemical components of Vetiveria zizanioides volatiles].

    Science.gov (United States)

    Huang, Jinghua; Li, Huashou; Yang, Jun; Chen, Yufen; Liu, Yinghu; Li, Ning; Nie, Chengrong

    2004-01-01

    The chemical components of the volatiles from Vetiveria zizanioides were analyzed by SPME and GC-MS. In the roots, the main component was valencene (30.36%), while in the shoots and leaves, they were 9-octadecenamide (33.50%), 2,6,10,15,19,23-hexamethyl-2,6,10,14,18,22-tetracosahexaene (27.46%), and 1,2-benzendicarboxylic acid, diisooctyl ester(18.29%). The results showed that there were many terpenoids in the volatils. In shoot volatiles, there existed 3 monoterpenes, 2 sequiterpenes and 1 triterpene. Most of the volatiles in roots were sesquiterpenes.

  11. REMOCIÓN DEL COLORANTE COMPUESTO NARANJA REMAZOL DE AGUAS RESIDUALES GENERADAS EN LA INDUSTRIA TEXTIL

    Directory of Open Access Journals (Sweden)

    Luis A. Bernal

    2017-01-01

    Full Text Available El objetivo de este trabajo, fue determinar la capacidad de remoción del colorante compuesto naranja remazol presente en aguas residuales textiles, utilizando el proceso de adsorción con carbón activado, con base en el pH y la concentración de colorante. La metodología involucró la preparación de muestras con concentraciones de 100 a 600 ppm de colorante a pH de 3, 7 y 9; la obtención de isotermas ajustadas a los modelos de Langmuir y Freundlich; y la determinación de la concentración del colorante a través de un espectrofotómetro UV-Vis. Los resultados indicaron una mejor eficiencia de remoción del colorante a pH 3, concluyendo que a mayor pH disminuye la capacidad de adsorción, debido principalmente a las interacciones electrostáticas que se generan entre la superficie del adsorbente y el colorante.

  12. PERUBAHAN KOMPONEN VOLATIL SELAMA FERMENTASI KECAP [Change Volatile Components During Soy Sauce Fermentation

    Directory of Open Access Journals (Sweden)

    Anton Apriyantono1

    2004-08-01

    Full Text Available A study has been conducted to investigate changes of volatile components during soy sauce fermentation. During the fermentation, many volatile components produced may contribute to soy sauce flavor. THe volatile identified by GC-MS werw classified into hydrocarbon (15, alcohol (15, aldehyde (14, ester (14, ketone (9, benzene derivative (11, fatty acid (9, furan (5, terpenoid (18, pyrazine (3, thiazole (1, pyridine (1 and sulfur containing compound (2.Concentration of compounds found in almost all fermentation steps, such as hexanal and benzaldehyde did. These compounds may be derived from raw soybean, since they were all present in raw soybean and their concentration did not change during fermentation. Concentration of palmitic acid and benzeneacetaldehyde, in general, increased during all fermentation steps. They are probably derived from lipid degradation or microorganism activities. Concentrations of some fatty acids, esters and hydrocarbons, such as linoleic acid, methyl palmitate and heptadecane increased during salt fermentation only. Concentration of some other compounds, such as 2,4 decadienal decreased or undetected during fermentation.The absence of some volatile compounds, e.g. (E-nerolidol and (E,E-famesol in boiled soybean which were previously present in raw soybean may be due to evaporation of these compounds during boiling. Some volatile compounds such as, methyl heptadecanoate and few aromatic alcohols are likely derived from Aspergillus sojae, since these compounds were identified only in 0 day koji

  13. Maximum likelihood approach for several stochastic volatility models

    International Nuclear Information System (INIS)

    Camprodon, Jordi; Perelló, Josep

    2012-01-01

    Volatility measures the amplitude of price fluctuations. Despite it being one of the most important quantities in finance, volatility is not directly observable. Here we apply a maximum likelihood method which assumes that price and volatility follow a two-dimensional diffusion process where volatility is the stochastic diffusion coefficient of the log-price dynamics. We apply this method to the simplest versions of the expOU, the OU and the Heston stochastic volatility models and we study their performance in terms of the log-price probability, the volatility probability, and its Mean First-Passage Time. The approach has some predictive power on the future returns amplitude by only knowing the current volatility. The assumed models do not consider long-range volatility autocorrelation and the asymmetric return-volatility cross-correlation but the method still yields very naturally these two important stylized facts. We apply the method to different market indices and with a good performance in all cases. (paper)

  14. Síntesis sustentable de compuestos de interés agroquímico: chalconas, benzodiazepinas, y 1,2,3,4-tetrahidroisoquinoleínas

    OpenAIRE

    Pasquale, Gustavo Antonio

    2014-01-01

    Se aplican los postulados de la Química Verde a la preparación de compuestos orgánicos de interés agroquímico de la familia de Chalconas, Benzodiazepinas, y 1,2,3,4-tetrahidroisoquinoleinas. En particular se prepararon y caracterizaron una serie de catalizadores heterogéneos. Se estudiaron catalizadores de Wells-Dawson, Preyssler y materiales híbridos a base de sílice funcionalizados con 3-aminopropiltrietoxisilano. Se estudió la reutilización de los mismos. Se optimizaron las condiciones de ...

  15. Current status of fluoride volatility method development

    Energy Technology Data Exchange (ETDEWEB)

    Uhlir, J.; Marecek, M.; Skarohlid, J. [UJV - Nuclear Research Institute, Research Centre Rez, CZ-250 68 Husinec - Rez 130 (Czech Republic)

    2013-07-01

    The Fluoride Volatility Method is based on a separation process, which comes out from the specific property of uranium, neptunium and plutonium to form volatile hexafluorides whereas most of fission products (mainly lanthanides) and higher transplutonium elements (americium, curium) present in irradiated fuel form nonvolatile tri-fluorides. Fluoride Volatility Method itself is based on direct fluorination of the spent fuel, but before the fluorination step, the removal of cladding material and subsequent transformation of the fuel into a powdered form with a suitable grain size have to be done. The fluorination is made with fluorine gas in a flame fluorination reactor, where the volatile fluorides (mostly UF{sub 6}) are separated from the non-volatile ones (trivalent minor actinides and majority of fission products). The subsequent operations necessary for partitioning of volatile fluorides are the condensation and evaporation of volatile fluorides, the thermal decomposition of PuF{sub 6} and the finally distillation and sorption used for the purification of uranium product. The Fluoride Volatility Method is considered to be a promising advanced pyrochemical reprocessing technology, which can mainly be used for the reprocessing of oxide spent fuels coming from future GEN IV fast reactors.

  16. Stochastic volatility and stochastic leverage

    DEFF Research Database (Denmark)

    Veraart, Almut; Veraart, Luitgard A. M.

    This paper proposes the new concept of stochastic leverage in stochastic volatility models. Stochastic leverage refers to a stochastic process which replaces the classical constant correlation parameter between the asset return and the stochastic volatility process. We provide a systematic...... treatment of stochastic leverage and propose to model the stochastic leverage effect explicitly, e.g. by means of a linear transformation of a Jacobi process. Such models are both analytically tractable and allow for a direct economic interpretation. In particular, we propose two new stochastic volatility...... models which allow for a stochastic leverage effect: the generalised Heston model and the generalised Barndorff-Nielsen & Shephard model. We investigate the impact of a stochastic leverage effect in the risk neutral world by focusing on implied volatilities generated by option prices derived from our new...

  17. Modelling the Volatility-Return Trade-off when Volatility may be Nonstationary

    DEFF Research Database (Denmark)

    Dahl, Christian Møller; Iglesias, Emma M.

    In this paper a new GARCH-M type model, denoted the GARCH-AR, is proposed. In particular, it is shown that it is possible to generate a volatility-return trade-off in a regression model simply by introducing dynamics in the standardized disturbance process. Importantly, the volatility in the GARCH......, we provide an empirical illustration showing the empirical relevance of the GARCH-AR model based on modelling a wide range of leading US stock return series....

  18. Comportamiento mecánico y estudio in situ de la evolución del daño en el grafito y en un compuesto C/C a 77 y a 300 K

    Directory of Open Access Journals (Sweden)

    Salazar, A.

    2002-04-01

    Full Text Available The mechanical properties at 77 K and at 300 K were determined in two polycristalline graphites with different microstructures and in a C/C composite. The flexure strength and the fracture toughness were evaluated and the micromechanic failure was studied in situ with a long distance microscope. The results obtained showed that the mechanical properties of these carbon materials are not affected by the cryogenic temperatures. The porosity is the main responsible of the mechanical failure in the graphites while in the composite, the matrix/yarn interface deflect the crack nucleated in the mattrix, presenting the best mechanical behavior.

    En este trabajo se han evaluado las propiedades mecánicas a 77 y a 300 K de dos grafitos policristalinos con microestructuras muy diferentes y de un compuesto C/C. Se realizaron ensayos de flexión en tres puntos y de tenacidad, y en éstos últimos se midió in situ la iniciación y la evolución del daño en el fondo de la entalla con un microscopio de larga distancia focal. Los resultados obtenidos muestran que las temperaturas criogénicas no afectan el comportamiento mecánico de los compuestos de carbono estudiados. Además, la porosidad presente en los grafitos es el mecanismo de rotura dominante mientras que en el material compuesto, la intercara débil entre matriz y haz de fibras detiene y desvía las grietas nucleadas en la matriz, presentando el mejor comportamiento mecánico.

  19. Manure application and ammonia volatilization

    NARCIS (Netherlands)

    Huijsmans, J.F.M.

    2003-01-01

    Keywords: manure application, ammonia volatilization, environmental conditions, application technique, incorporation technique, draught force, work organization, costs Livestock manure applied on farmland is an important source of ammonia (NH3) volatilization, and NH3 is a major atmospheric

  20. Desarrollo de una metodología para la fabricación de injertos compuestos de polvo de hueso y un biopolímero

    OpenAIRE

    Sandra Quevedo-B.; Fabio A. Rojas-M.; Argemiro Michael Sanabria

    2006-01-01

    El propósito de este trabajo es presentar el desarrollo de una metodología para producir implantes a partir de materiales compuestos a base de una mezcla de polvo de hueso cortical bovino y ABS (poliacrilonitrilo - butadieno - estireno). La morfología del polvo y sus dimensiones, así como el porcentaje del mismo en la mezcla, fueron establecidos como las variables de diseño del estudio realizado en este primer intento para producir objetos a partir de biomateriales híbridos par...

  1. Inflation Volatility and the Inflation-Growth Tradeoff in India

    OpenAIRE

    Raghbendra Jha; Varsha S. Kulkarni

    2012-01-01

    This paper amends the New Keynesian Phillips curve model to include inflation volatility and tests the determinants of such volatility for India. It provides results on the determinants of inflation volatility and expected inflation volatility for OLS and ARDL (1,1) models and for change in inflation volatility and change in expected inflation volatility using ECM models. Output gap affects change in expected inflation volatility along (in the ECM model) and not in the other models. Major det...

  2. Financial Development, Financial Structure, and Macroeconomic Volatility: Evidence from China

    Directory of Open Access Journals (Sweden)

    Feng Wei

    2016-11-01

    Full Text Available Using annual data from 1997–2014 of 30 provinces, municipalities, and autonomous regions, subdividing trended and cyclical volatility of macroeconomics and inflation, considering different indicators of financial development and financial structure, this paper investigated the impact of financial development and financial structure on macroeconomic volatility. The empirical results found that (1 the trended and cyclical volatility of the previous macroeconomic period had a significantly positive impact on that of the current period, and the impact of trended volatility was greater than that of cyclical volatility; (2 financial development had a significantly negative impact on macroeconomic cyclical volatility through inflation cyclical volatility, but inflation trended volatility would amplify macroeconomic volatility; financial markets have no significant effect on macroeconomic volatility; financial structure measured with the ratio of stock market turnover and the efficiency of the financial development had a significant positive impact on macroeconomic cyclical volatility; and (3 inflation trended volatility had a significantly negative impact on macroeconomic cyclical volatility and trended volatility, while inflation cyclical volatility had a significantly positive impact on macroeconomic cyclical volatility.

  3. Effects of Idiosyncratic Volatility in Asset Pricing

    Directory of Open Access Journals (Sweden)

    André Luís Leite

    2016-04-01

    Full Text Available This paper aims to evaluate the effects of the aggregate market volatility components - average volatility and average correlation - on the pricing of portfolios sorted by idiosyncratic volatility, using Brazilian data. The study investigates whether portfolios with high and low idiosyncratic volatility - in relation to the Fama and French model (1996 - have different exposures to innovations in average market volatility, and consequently, different expectations for return. The results are in line with those found for US data, although they portray the Brazilian reality. Decomposition of volatility allows the average volatility component, without the disturbance generated by the average correlation component, to better price the effects of a worsening or an improvement in the investment environment. This result is also identical to that found for US data. Average variance should thus command a risk premium. For US data, this premium is negative. According to Chen and Petkova (2012, the main reason for this negative sign is the high level of investment in research and development recorded by companies with high idiosyncratic volatility. As in Brazil this type of investment is significantly lower than in the US, it was expected that a result with the opposite sign would be found, which is in fact what occurred.

  4. American option pricing with stochastic volatility processes

    Directory of Open Access Journals (Sweden)

    Ping LI

    2017-12-01

    Full Text Available In order to solve the problem of option pricing more perfectly, the option pricing problem with Heston stochastic volatility model is considered. The optimal implementation boundary of American option and the conditions for its early execution are analyzed and discussed. In view of the fact that there is no analytical American option pricing formula, through the space discretization parameters, the stochastic partial differential equation satisfied by American options with Heston stochastic volatility is transformed into the corresponding differential equations, and then using high order compact finite difference method, numerical solutions are obtained for the option price. The numerical experiments are carried out to verify the theoretical results and simulation. The two kinds of optimal exercise boundaries under the conditions of the constant volatility and the stochastic volatility are compared, and the results show that the optimal exercise boundary also has stochastic volatility. Under the setting of parameters, the behavior and the nature of volatility are analyzed, the volatility curve is simulated, the calculation results of high order compact difference method are compared, and the numerical option solution is obtained, so that the method is verified. The research result provides reference for solving the problems of option pricing under stochastic volatility such as multiple underlying asset option pricing and barrier option pricing.

  5. Volatiles in the Martian regolith

    International Nuclear Information System (INIS)

    Clark, B.C.; Baird, A.K.

    1979-01-01

    An inventory of released volatiles on Mars has been derived based upon Viking measurements of atmospheric and surface chemical composition, and upon the inferred mineralogy of a ubiquitous regolith, assumed to average 200m in depth. This model is consistent with the relative abundances of volatiles (except for S) on the Earth's surface, but implies one-fifteenth of the volatile release of Earth if starting materials were comparable. All constituents are accommodated as chemical components of, or absorbed phases on, regolith materials--without the necessity of invoking unobservable deposits of carbonates, nitrates, or permafrost ice

  6. HS-SPME-GC-MS ANALYSIS OF VOLATILE AND SEMI-VOLATILE COMPOUNDS FROM DRIED LEAVES OF Mikania glomerata Sprengel

    Directory of Open Access Journals (Sweden)

    Esmeraldo A. Cappelaro

    2015-03-01

    Full Text Available This paper reports on the identification of volatile and semi-volatile compounds and a comparison of the chromatographic profiles obtained by Headspace Solid-Phase Microextraction/Gas Chromatography with Mass Spectrometry detection (HS-SPME-GC-MS of dried leaves of Mikania glomerata Sprengel (Asteraceae, also known as 'guaco.' Three different types of commercial SPME fibers were tested: polydimethylsiloxane (PDMS, polydimethylsiloxane/divinylbenzene (PDMS/DVB and polyacrylate (PA. Fifty-nine compounds were fully identified by HS-SPME-HRGC-MS, including coumarin, a marker for the quality control of guaco-based phytomedicines; most of the other identified compounds were mono- and sesquiterpenes. PA fibers performed better in the analysis of coumarin, while PDMS-DVB proved to be the best choice for a general and non-selective analysis of volatile and semi-volatile guaco-based compounds. The SPME method is faster and requires a smaller sample than conventional hydrodistillation of essential oils, providing a general overview of the volatile and semi-volatile compounds of M. glomerata.

  7. Ammonia volatilization from sows on grassland

    Science.gov (United States)

    Sommer, S. G.; Søgaard, H. T.; Møller, H. B.; Morsing, S.

    According to regulations, sows with piglets on organic farms must graze on pastures. Volatilization of ammonia (NH 3) from urine patches may represent a significant source of nitrogen (N) loss from these farms. Inputs of N are low on organic farms and losses may reduce crop production. This study examined spatial variations in NH 3 volatilization using a movable dynamic chamber, and the pH and total ammoniacal nitrogen (TAN) content in the topsoil of pastures with grazing sows was measured during five periods between June 1998 and May 1999. Gross NH 3 volatilization from the pastures was also measured with an atmospheric mass balance technique during seven periods from September 1997 until June 1999. The dynamic chamber study showed a high variation in NH 3 volatilization because of the distribution of urine; losses were between 0 and 2.8 g NH 3-N m -2 day -1. Volatilization was highest near the feeding area and the huts, where the sows tended to urinate. Ammonia volatilization rate was linearly related to the product of NH 3 concentration in the boundary layer and wind speed. The NH 3 in the boundary layer was in equilibrium with NH 3 in soil solution. Gross NH 3 volatilization was in the range 0.07-2.1 kg NH 3-N ha -1 day -1 from a pasture with 24 sows ha -1. Ammonia volatilization was related to the amount of feed given to the sows, incident solar radiation and air temperature during measuring periods, and also to temperature, incident solar radiation and rain 1-2 days before measurements. Annual ammonia loss was 4.8 kg NH 3-N sow -1.

  8. Herbivore-induced blueberry volatiles and intra-plant signaling.

    Science.gov (United States)

    Rodriguez-Saona, Cesar R

    2011-12-18

    Herbivore-induced plant volatiles (HIPVs) are commonly emitted from plants after herbivore attack. These HIPVs are mainly regulated by the defensive plant hormone jasmonic acid (JA) and its volatile derivative methyl jasmonate (MeJA). Over the past 3 decades researchers have documented that HIPVs can repel or attract herbivores, attract the natural enemies of herbivores, and in some cases they can induce or prime plant defenses prior to herbivore attack. In a recent paper, I reported that feeding by gypsy moth caterpillars, exogenous MeJA application, and mechanical damage induce the emissions of volatiles from blueberry plants, albeit differently. In addition, blueberry branches respond to HIPVs emitted from neighboring branches of the same plant by increasing the levels of JA and resistance to herbivores (i.e., direct plant defenses), and by priming volatile emissions (i.e., indirect plant defenses). Similar findings have been reported recently for sagebrush, poplar, and lima beans. Here, I describe a push-pull method for collecting blueberry volatiles induced by herbivore (gypsy moth) feeding, exogenous MeJA application, and mechanical damage. The volatile collection unit consists of a 4 L volatile collection chamber, a 2-piece guillotine, an air delivery system that purifies incoming air, and a vacuum system connected to a trap filled with Super-Q adsorbent to collect volatiles. Volatiles collected in Super-Q traps are eluted with dichloromethane and then separated and quantified using Gas Chromatography (GC). This volatile collection method was used in my study to investigate the volatile response of undamaged branches to exposure to volatiles from herbivore-damaged branches within blueberry plants. These methods are described here. Briefly, undamaged blueberry branches are exposed to HIPVs from neighboring branches within the same plant. Using the same techniques described above, volatiles emitted from branches after exposure to HIPVs are collected and

  9. Endogenous Lunar Volatiles: Insights into the Abundances of Volatiles in the Moon from Lunar Apatite

    Science.gov (United States)

    McCubbin, Francis

    2016-01-01

    At the time of publication of New Views of the Moon, it was thought that the Moon was bone dry with less than about 1 ppb H2O. However in 2007, initial reports at the 38th Lunar and Planetary Science Conference speculated that H-species were present in both apatites and pyroclastic volcanic lunar glasses. These early reports were later confirmed through peer-review, which motivated many subsequent studies on magmatic volatiles in and on the Moon within the last decade. Some of these studies have cast into question the post-Apollo view of lunar formation, the distribution and sources of volatiles in the Earth-Moon system, and the thermal and magmatic evolution of the Moon. The mineral apatite has been one of the pillars of this new field of study, and it will be the primary focus of this abstract. Although apatite has been used both to understand the abundances of volatiles in lunar systems as well as the isotopic compositions of those volatiles, the focus here will be on the abundances of F, Cl, and H2O. This work demonstrates the utility of apatite in advancing our understanding of lunar volatiles, hence apatite should be among the topics covered in the endogenous lunar volatile chapter in NVM II. Truncated ternary plot of apatite X-site occupancy (mol%) from highlands apatite and mare basalt apatite plotted on the relative volatile abundance diagram from. The solid black lines delineate fields of relative abundances of F, Cl, and H2O (on a weight basis) in the melt from which the apatite crystallized. The diagram was constructed using available apatite/melt partitioning data for fluorine, chlorine, and hydroxyl.

  10. Electricity market price volatility: The case of Ontario

    International Nuclear Information System (INIS)

    Zareipour, Hamidreza; Bhattacharya, Kankar; Canizares, Claudio A.

    2007-01-01

    Price volatility analysis has been reported in the literature for most competitive electricity markets around the world. However, no studies have been published yet that quantify price volatility in the Ontario electricity market, which is the focus of the present paper. In this paper, a comparative volatility analysis is conducted for the Ontario market and its neighboring electricity markets. Volatility indices are developed based on historical volatility and price velocity concepts, previously applied to other electricity market prices, and employed in the present work. The analysis is carried out in two scenarios: in the first scenario, the volatility indices are determined for the entire price time series. In the second scenario, the price time series are broken up into 24 time series for each of the 24 h and volatility indices are calculated for each specific hour separately. The volatility indices are also applied to the locational marginal prices of several pricing points in the New England, New York, and PJM electricity markets. The outcomes reveal that price volatility is significantly higher in Ontario than the three studied neighboring electricity markets. Furthermore, comparison of the results of this study with similar findings previously published for 15 other electricity markets demonstrates that the Ontario electricity market is one of the most volatile electricity markets world-wide. This high volatility is argued to be associated with the fact that Ontario is a single-settlement, real-time market

  11. Asymptotic Behavior of the Stock Price Distribution Density and Implied Volatility in Stochastic Volatility Models

    International Nuclear Information System (INIS)

    Gulisashvili, Archil; Stein, Elias M.

    2010-01-01

    We study the asymptotic behavior of distribution densities arising in stock price models with stochastic volatility. The main objects of our interest in the present paper are the density of time averages of the squared volatility process and the density of the stock price process in the Stein-Stein and the Heston model. We find explicit formulas for leading terms in asymptotic expansions of these densities and give error estimates. As an application of our results, sharp asymptotic formulas for the implied volatility in the Stein-Stein and the Heston model are obtained.

  12. Dynamic Asset Allocation Strategies Based on Volatility, Unexpected Volatility and Financial Turbulence

    OpenAIRE

    Grimsrud, David Borkner

    2015-01-01

    Masteroppgave økonomi og administrasjon- Universitetet i Agder, 2015 This master thesis looks at unexpected volatility- and financial turbulence’s predictive ability, and exploit these measures of financial risk, together with volatility, to create three dynamic asset allocation strategies, and test if they can outperform a passive and naively diversified buy-and-hold strategy. The idea with the dynamic strategies is to increase the portfolio return by keeping the portfolio risk at a low a...

  13. A nonparametric approach to forecasting realized volatility

    OpenAIRE

    Adam Clements; Ralf Becker

    2009-01-01

    A well developed literature exists in relation to modeling and forecasting asset return volatility. Much of this relate to the development of time series models of volatility. This paper proposes an alternative method for forecasting volatility that does not involve such a model. Under this approach a forecast is a weighted average of historical volatility. The greatest weight is given to periods that exhibit the most similar market conditions to the time at which the forecast is being formed...

  14. Realized Beta GARCH: A Multivariate GARCH Model with Realized Measures of Volatility and CoVolatility

    DEFF Research Database (Denmark)

    Hansen, Peter Reinhard; Lunde, Asger; Voev, Valeri

    We introduce a multivariate GARCH model that utilizes and models realized measures of volatility and covolatility. The realized measures extract information contained in high-frequency data that is particularly beneficial during periods with variation in volatility and covolatility. Applying the ...

  15. Flower volatiles, crop varieties and bee responses.

    Directory of Open Access Journals (Sweden)

    Björn K Klatt

    Full Text Available Pollination contributes to an estimated one third of global food production, through both the improvement of the yield and the quality of crops. Volatile compounds emitted by crop flowers mediate plant-pollinator interactions, but differences between crop varieties are still little explored. We investigated whether the visitation of crop flowers is determined by variety-specific flower volatiles using strawberry varieties (Fragaria x ananassa Duchesne and how this affects the pollination services of the wild bee Osmia bicornis L. Flower volatile compounds of three strawberry varieties were measured via headspace collection. Gas chromatography showed that the three strawberry varieties produced the same volatile compounds but with quantitative differences of the total amount of volatiles and between distinct compounds. Electroantennographic recordings showed that inexperienced females of Osmia bicornis had higher antennal responses to all volatile compounds than to controls of air and paraffin oil, however responses differed between compounds. The variety Sonata was found to emit a total higher level of volatiles and also higher levels of most of the compounds that evoked antennal responses compared with the other varieties Honeoye and Darselect. Sonata also received more flower visits from Osmia bicornis females under field conditions, compared with Honeoye. Our results suggest that differences in the emission of flower volatile compounds among strawberry varieties mediate their attractiveness to females of Osmia bicornis. Since quality and quantity of marketable fruits depend on optimal pollination, a better understanding of the role of flower volatiles in crop production is required and should be considered more closely in crop-variety breeding.

  16. The multivariate supOU stochastic volatility model

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole; Stelzer, Robert

    Using positive semidefinite supOU (superposition of Ornstein-Uhlenbeck type) processes to describe the volatility, we introduce a multivariate stochastic volatility model for financial data which is capable of modelling long range dependence effects. The finiteness of moments and the second order...... structure of the volatility, the log returns, as well as their "squares" are discussed in detail. Moreover, we give several examples in which long memory effects occur and study how the model as well as the simple Ornstein-Uhlenbeck type stochastic volatility model behave under linear transformations....... In particular, the models are shown to be preserved under invertible linear transformations. Finally, we discuss how (sup)OU stochastic volatility models can be combined with a factor modelling approach....

  17. Forecasting Exchange Rate Volatility in the Presence of Jumps

    DEFF Research Database (Denmark)

    Busch, Thomas; Christensen, Bent Jesper; Nielsen, Morten Ørregaard

    We study measures of foreign exchange rate volatility based on high-frequency (5-minute) $/DM exchange rate returns using recent nonparametric statistical techniquesto compute realized return volatility and its separate continuous sample path and jumpcomponents, and measures based on prices...... of exchange rate futures options, allowingcalculation of option implied volatility. We find that implied volatility is an informationallyefficient but biased forecast of future realized exchange rate volatility. Furthermore,we show that log-normality is an even better distributional approximation...... for impliedvolatility than for realized volatility in this market. Finally, we show that the jump componentof future realized exchange rate volatility is to some extent predictable, and thatoption implied volatility is the dominant forecast of the future jump component....

  18. Dynamic Factor Models for the Volatility Surface

    DEFF Research Database (Denmark)

    van der Wel, Michel; Ozturk, Sait R.; Dijk, Dick van

    The implied volatility surface is the collection of volatilities implied by option contracts for different strike prices and time-to-maturity. We study factor models to capture the dynamics of this three-dimensional implied volatility surface. Three model types are considered to examine desirable...

  19. Estudio químico de los compuestos lipídicos de las hojas, tallos y flores de Vernonanthura patens (Kunth) H. Rob. (Asteraceae)

    OpenAIRE

    Manzano Santana, Patricia; Miranda Martínez, Migdalia; Montes de Oca Porto, Rodney; Orellana León, Tulio; Abreu Payrol, Juan; Peralta García, Esther L

    2013-01-01

    Introducción: Vernonanthura patens (Kunth) H. Rob. es una especie que crece silvestre en el Ecuador, para la cual existen escasos antecedentes de estudios químicos y biológicos, y en ninguno de estos se aborda el estudio de fracciones lipídicas. Objetivos: estudiar las fracciones de compuestos lipídicos presentes en las hojas, tallos y flores de la especie. Métodos: la planta se recolectó en estado adulto, en época de floración, los órganos vegetales fueron secados en estufa por separado, se ...

  20. Fundamental volatility is regime specific

    NARCIS (Netherlands)

    Arnold, I.J.M.; MacDonald, R.; Vries, de C.G.

    2006-01-01

    A widely held notion holds that freely floating exchange rates are excessively volatile when judged against fundamentals and when moving from fixed to floating exchange rates. We re-examine the data and conclude that the disparity between the fundamentals and exchange rate volatility is more

  1. Consistent ranking of volatility models

    DEFF Research Database (Denmark)

    Hansen, Peter Reinhard; Lunde, Asger

    2006-01-01

    We show that the empirical ranking of volatility models can be inconsistent for the true ranking if the evaluation is based on a proxy for the population measure of volatility. For example, the substitution of a squared return for the conditional variance in the evaluation of ARCH-type models can...... variance in out-of-sample evaluations rather than the squared return. We derive the theoretical results in a general framework that is not specific to the comparison of volatility models. Similar problems can arise in comparisons of forecasting models whenever the predicted variable is a latent variable....

  2. Sulfur volatiles from Allium spp. affect Asian citrus psyllid, Diaphorina citri Kuwayama (Hemiptera: Psyllidae), response to citrus volatiles.

    Science.gov (United States)

    Mann, R S; Rouseff, R L; Smoot, J M; Castle, W S; Stelinski, L L

    2011-02-01

    The Asian citrus psyllid, Diaphorina citri Kuwayama, vectors Candidatus Liberibacter asiaticus (Las) and Candidatus Liberibacter americanus (Lam), the presumed causal agents of huanglongbing. D. citri generally rely on olfaction and vision for detection of host cues. Plant volatiles from Allium spp. (Alliaceae) are known to repel several arthropod species. We examined the effect of garlic chive (A. tuberosum Rottl.) and wild onion (A. canadense L.) volatiles on D. citri behaviour in a two-port divided T-olfactometer. Citrus leaf volatiles attracted significantly more D. citri adults than clean air. Volatiles from crushed garlic chive leaves, garlic chive essential oil, garlic chive plants, wild onion plants and crushed wild onion leaves all repelled D. citri adults when compared with clean air, with the first two being significantly more repellent than the others. However, when tested with citrus volatiles, only crushed garlic chive leaves and garlic chive essential oil were repellent, and crushed wild onions leaves were not. Analysis of the headspace components of crushed garlic chive leaves and garlic chive essential oil by gas chromatography-mass spectrometry revealed that monosulfides, disulfides and trisulfides were the primary sulfur volatiles present. In general, trisulfides (dimethyl trisulfide) inhibited the response of D. citri to citrus volatiles more than disulfides (dimethyl disulfide, allyl methyl disulfide, allyl disulfide). Monosulfides did not affect the behaviour of D. citri adults. A blend of dimethyl trisulfide and dimethyl disulfide in 1:1 ratio showed an additive effect on inhibition of D. citri response to citrus volatiles. The plant volatiles from Allium spp. did not affect the behaviour of the D. citri ecto-parasitoid Tamarixia radiata (Waterston). Thus, Allium spp. or the tri- and di-sulphides could be integrated into management programmes for D. citri without affecting natural enemies.

  3. Aerosol volatility in a boreal forest environment

    Science.gov (United States)

    Häkkinen, S. A. K.; ńijälä, M.; Lehtipalo, K.; Junninen, H.; Virkkula, A.; Worsnop, D. R.; Kulmala, M.; Petäjä, T.; Riipinen, I.

    2012-04-01

    Climate and health effects of atmospheric aerosols are determined by their properties such as their chemical composition. Aerosol chemical composition can be studied indirectly by measuring volatility of aerosol particles. The volatility of submicron aerosol particles (20-500 nm) was studied in a boreal forest site at SMEAR II (Station for Measuring Ecosystem-Atmosphere Relations II) station (Vesala et al., 1998) in Hyytiälä, Finland, during 01/2008-05/2010. The instrument used for the measurements was VDMPS (Volatility Differential Mobility Particle Sizer), which consists of two separate instruments: DMPS (Differential Mobility Particle Sizer, Aalto et al., 2001) and TD (Thermodenuder, Wehner et al., 2002). Aerosol evaporation was examined by heating the aerosol and comparing the total aerosol mass before and after heating. In the VDMPS system ambient aerosol sample was heated up to temperatures ranging from 80 °C to 280 °C. The higher the heating temperature was the more aerosol material was evaporated. There was a non-volatile residual present in aerosol particles when heated up to 280 °C. This residual explained (20±8)% of the total aerosol mass. Aerosol non-volatile mass fraction was highest during winter and smallest during summer months. The role of black carbon in the observed non-volatile residual was determined. Black carbon explained 40 to 90% of the non-volatile mass. Especially during colder seasons noticeable amount of non-volatile material, something else than black carbon, was observed. According to Kalberer et al. (2004) some atmospheric organic species can form polymers that have high evaporation temperatures. Also low-volatile organic salts may contribute to the non-volatile aerosol (Smith et al., 2010). Aerosol mass composition measured directly with AMS (Aerosol Mass Spectrometer, Jayne et al., 2000) was analyzed in order to examine the properties of the non-volatile material (other than black carbon). The AMS measurements were performed

  4. Analysis of volatiles from irradiated yeast extract

    International Nuclear Information System (INIS)

    Liao Tao; Li Xin; Zu Xiaoyan; Chen Yuxia; Geng Shengrong

    2013-01-01

    The method for determination volatiles from irradiated yeast extract (YE) using headspace solid phase microextraction (HS-SPME) and gas chromatography-mass spectrometry (GC-MS) was developed in this paper. The extraction conditions were optimized with reference to the peak area and number of volatiles as aldehyde, ketone, alcohol, acid, ester and sulfur compounds. The optimized conditions of HS-SPME for volatiles in irradiated YE were: divinyl benzene/Carboxen/polydimethylsiloxane (DVB/CAR/PDMS) fiber, extration time 40 min, extraction temperature 40℃. The volatiles from YE irradiated by 0-19.8 kGy were detected using HS-SPME coupled with GC-MS. The results showed that only 15 volatiles were detected from no irradiated YE and main compounds were acetic acid, 2, 3-butanediol and 1-hexanol, 2-ethyl-. There were 40 volatiles detected from irradiated YE and the main compounds were acetic acid, phenylethyl alcohol, heptanal and nonanal. Compare to no irradiated yeast extract, the aldehyde, ketone, alkene and disulfide, dimethyl were produced by irradiating process. (authors)

  5. A dynamic two-dimensional system for measuring volatile organic compound volatilization and movement in soils.

    Science.gov (United States)

    Allaire, S E; Yates, S R; Ernst, F F; Gan, J

    2002-01-01

    There is an important need to develop instrumentation that allows better understanding of atmospheric emission of toxic volatile compounds associated with soil management. For this purpose, chemical movement and distribution in the soil profile should be simultaneously monitored with its volatilization. A two-dimensional rectangular soil column was constructed and a dynamic sequential volatilization flux chamber was attached to the top of the column. The flux chamber was connected through a manifold valve to a gas chromatograph (GC) for real-time concentration measurement. Gas distribution in the soil profile was sampled with gas-tight syringes at selected times and analyzed with a GC. A pressure transducer was connected to a scanivalve to automatically measure the pressure distribution in the gas phase of the soil profile. The system application was demonstrated by packing the column with a sandy loam in a symmetrical bed-furrow system. A 5-h furrow irrigation was started 24 h after the injection of a soil fumigant, propargyl bromide (3-bromo-1-propyne; 3BP). The experience showed the importance of measuring lateral volatilization variability, pressure distribution in the gas phase, chemical distribution between the different phases (liquid, gas, and sorbed), and the effect of irrigation on the volatilization. Gas movement, volatilization, water infiltration, and distribution of degradation product (Br-) were symmetric around the bed within 10%. The system saves labor cost and time. This versatile system can be modified and used to compare management practices, estimate concentration-time indexes for pest control, study chemical movement, degradation, and emissions, and test mathematical models.

  6. Political institutions and economic volatility

    NARCIS (Netherlands)

    Klomp, Jeroen; de Haan, Jakob

    We examine the effect of political 'institutions' on economic growth volatility, using data from more than 100 countries over the period 1960 to 2005, taking into account various control variables as suggested in previous studies. Our indicator of volatility is the relative standard deviation of the

  7. The predictive content of CBOE crude oil volatility index

    Science.gov (United States)

    Chen, Hongtao; Liu, Li; Li, Xiaolei

    2018-02-01

    Volatility forecasting is an important issue in the area of econophysics. The information content of implied volatility for financial return volatility has been well documented in the literature but very few studies focus on oil volatility. In this paper, we show that the CBOE crude oil volatility index (OVX) has predictive ability for spot volatility of WTI and Brent oil returns, from both in-sample and out-of-sample perspectives. Including OVX-based implied volatility in GARCH-type volatility models can improve forecasting accuracy most of time. The predictability from OVX to spot volatility is also found for longer forecasting horizons of 5 days and 20 days. The simple GARCH(1,1) and fractionally integrated GARCH with OVX performs significantly better than the other OVX models and all 6 univariate GARCH-type models without OVX. Robustness test results suggest that OVX provides different information from as short-term interest rate.

  8. Metodologías Sintéticas para la Obtención de Compuestos de Coordinación Metal-Orgánicos

    OpenAIRE

    Bazán Blau, Begoña del Pilar; Barandika Argoitia, Miren Gotzone; Calderón Casado, Ainhoa; Fidalgo Marijuan, Arkaitz; Llano Tomé, Francisco; Urtiaga Greaves, Miren Karmele; Arriortua Marcaida, María Isabel

    2016-01-01

    Comunicación a congreso (póster): Reunión conjunta de la Sociedad Española de Mineralogía y la Sociedad Española de Arcillas (SEM-SEA 2012), Bilbao 27-30 de junio 2012. La síntesis de compuestos híbridos orgánicos-inorgánicos o metal-organic framework (MOF) ha atraído un interés especial durante las últimas dos décadas, debido a la posibilidad de obtener una gran variedad de estructuras de interés para su empleo en aplicaciones relacionadas con los materiales porosos, como las zeolitas o e...

  9. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    return between the quintile of stocks with low exposure and high exposure to oil volatility is significant at 0.66% per month, and oil volatility risk carries a significant risk premium of -0.60% per month. In the post-financialization period, oil volatility risk is strongly related with various measures...

  10. Understanding Interest Rate Volatility

    DEFF Research Database (Denmark)

    Volker, Desi

    This thesis is the result of my Ph.D. studies at the Department of Finance of the Copenhagen Business School. It consists of three essays covering topics related to the term structure of interest rates, monetary policy and interest rate volatility. The rst essay, \\Monetary Policy Uncertainty...... and Interest Rates", examines the role of monetary policy uncertainty on the term structure of interest rates. The second essay, \\A Regime-Switching A ne Term Structure Model with Stochastic Volatility" (co-authored with Sebastian Fux), investigates the ability of the class of regime switching models...... with and without stochastic volatility to capture the main stylized features of U.S. interest rates. The third essay, \\Variance Risk Premia in the Interest Rate Swap Market", investigates the time-series and cross-sectional properties of the compensation demanded for holding interest rate variance risk. The essays...

  11. Equity Volatility and Corporate Bond Yields

    OpenAIRE

    John Y. Campbell; Glen B. Taksler

    2002-01-01

    This paper explores the effect of equity volatility on corporate bond yields. Panel data for the late 1990s show that idiosyncratic firm-level volatility can explain as much cross-sectional variation in yields as can credit ratings. This finding, together with the upward trend in idiosyncratic equity volatility documented by Campbell, Lettau, Malkiel, and Xu (2001), helps to explain recent increases in corporate bond yields. The definitive version is available at www.blackwell-synergy.com.

  12. Presence of persistent organic pollutants in european domestic indoor air; Presencia de compuestos organicos persistentes en aire domestico de paises europeos

    Energy Technology Data Exchange (ETDEWEB)

    Martinez, M. A.; Torre, A. de la; Sanz, P.; Ramos, B.

    2013-02-01

    The quality of life experienced by the world population in the the last century has been possible thanks to the development of new chemical products whose medium- and long-term consequences were not studied at the time of manufacture. These products have been used to eradicate insect plagues (insecticides) or to improve other materials (flame retardants, insulators, lubricants or dielectric products), thus saving lives or preventing substantial material and economic losses. However, recent studies have demonstrated despite the beneficial properties, their use also poses a risk to human health.. (Author) 8 refs.

  13. Permanent and transitory oil volatility and aggregate investment in Malaysia

    International Nuclear Information System (INIS)

    Ibrahim, Mansor H.; Ahmed, Huson Joher Ali

    2014-01-01

    This paper investigates the relation between aggregate investment and oil volatility and its permanent and transitory components for a developing country, Malaysia. In the paper, the components generalized autoregressive conditional heteroskedasticity (CGARCH) model is utilized to decompose conditional oil volatility into permanent oil volatility and transitory oil volatility. Respectively reflecting fundamental-driven and random shifts in oil volatility, they are expected to exert differential effects on aggregate investment. Adopting a vector autoregression (VAR) framework to allow feedback effects between aggregate investment and its determinants, the paper documents evidence supporting the adverse effects of conditional oil volatility, permanent oil volatility and transitory oil volatility on aggregate investment and real output. Interestingly, contrary to the findings for the developed markets (US and OECD), the real effects of permanent oil volatility tend to be stronger. These findings are reasonably robust to variable specification and measurements in the VAR system. Hence, there is an indication that heightened oil volatility accounts for the slumps in Malaysia's aggregate investment after the Asian financial crisis. - Highlights: • Examines the role of oil volatility in Malaysia's aggregate investment. • Makes distinction between permanent and temporary volatility using CGARCH. • Both volatility components depress investment. • Permanent volatility has larger adverse effects. • Results are robust to alternative model specifications

  14. Firm-level volatility and exports

    NARCIS (Netherlands)

    Vannoorenberghe, G.C.L.

    2012-01-01

    This paper shows that the share of exports in the total sales of a firm has a positive and substantial impact on the volatility of its sales. Decomposing the volatility of sales of exporters between their domestic and export markets, I show using an identification strategy based on a firm-specific

  15. Modeling and forecasting petroleum futures volatility

    International Nuclear Information System (INIS)

    Sadorsky, Perry

    2006-01-01

    Forecasts of oil price volatility are important inputs into macroeconometric models, financial market risk assessment calculations like value at risk, and option pricing formulas for futures contracts. This paper uses several different univariate and multivariate statistical models to estimate forecasts of daily volatility in petroleum futures price returns. The out-of-sample forecasts are evaluated using forecast accuracy tests and market timing tests. The TGARCH model fits well for heating oil and natural gas volatility and the GARCH model fits well for crude oil and unleaded gasoline volatility. Simple moving average models seem to fit well in some cases provided the correct order is chosen. Despite the increased complexity, models like state space, vector autoregression and bivariate GARCH do not perform as well as the single equation GARCH model. Most models out perform a random walk and there is evidence of market timing. Parametric and non-parametric value at risk measures are calculated and compared. Non-parametric models outperform the parametric models in terms of number of exceedences in backtests. These results are useful for anyone needing forecasts of petroleum futures volatility. (author)

  16. Drug interactions: volatile anesthetics and opioids.

    Science.gov (United States)

    Glass, P S; Gan, T J; Howell, S; Ginsberg, B

    1997-09-01

    Multiple drugs are used to provide anesthesia. Volatile anesthetics are commonly combined with opioids. Several studies have demonstrated that small doses of opioid (i.e., within the analgesic range) result in a marked reduction in minimum alveolar concentration (MAC) of the volatile anesthetic that will prevent purposeful movement in 50% of patients at skin incision). Further increases in opioid dose provide only a further small reduction in MAC. Thus, a ceiling effect of the opioid is observed at a MAC value of the volatile anesthetic equal to its MAC awake. Recovery from anesthesia when an opioid is combined with a volatile anesthetic is dependent on the rate of decrease of both drugs to their respective concentrations that are associated with adequate spontaneous ventilation and awakening. Through an understanding of the pharmacodynamic interaction of volatile anesthetics with opioids and the pharmacokinetic processes responsible for the recovery from drug effect, optimal dosing schemes can thus be developed. A review of these pharmacodynamic and pharmacokinetic principles that will allow clinicians to administer drugs to provide a more optimal anesthetic is provided.

  17. Inflation, its Volatility and the Inflation-Growth Tradeoff in India

    OpenAIRE

    Raghbendra Jha; Varsha S. Kulkarni

    2013-01-01

    This paper amends the New Keynesian Phillips curve model to include inflation volatility. It provides results on the determinants of inflation volatility and expected inflation volatility for OLS and ARDL(1,1) models and for change in inflation volatility and change in expected inflation volatility using ECM models. Output gap affects change in expected inflation volatility alone (in the ECM model) and not in the other models. Major determinants of inflation volatility and expected inflation ...

  18. A volatile topic: Parsing out the details of Earth's formation through experimental metal-silicate partitioning of volatile and moderately volatile elements

    Science.gov (United States)

    Mahan, B. M.; Siebert, J.; Blanchard, I.; Badro, J.; Sossi, P.; Moynier, F.

    2017-12-01

    Volatile and moderately volatile elements display different volatilities and siderophilities, as well as varying sensitivity to thermodynamic controls (X, P, T, fO2) during metal-silicate differentiation. The experimental determination of the metal-silicate partitioning of these elements permits us to evaluate processes controlling the distribution of these elements in Earth. In this work, we have combined metal-silicate partitioning data and results for S, Sn, Zn and Cu, and input these characterizations into Earth formation models. Model parameters such as source material, timing of volatile delivery, fO2 path, and degree of impactor equilibration were varied to encompass an array of possible formation scenarios. These models were then assessed to discern plausible sets of conditions that can produce current observed element-to-element ratios (e.g. S/Zn) in the Earth's present-day mantle, while also satisfying current estimates on the S content of the core, at no more than 2 wt%. The results of our models indicate two modes of accretion that can maintain chondritic element-to-element ratios for the bulk Earth and can arrive at present-day mantle abundances of these elements. The first mode requires the late addition of Earth's entire inventory of these elements (assuming a CI-chondritic composition) and late-stage accretion that is marked by partial equilibration of large impactors. The second, possibly more intuitive mode, requires that Earth accreted - at least initially - from volatile poor material preferentially depleted in S relative to Sn, Zn, and Cu. From a chemical standpoint, this source material is most similar to type I chondrule rich (and S poor) materials (Hewins and Herzberg, 1996; Mahan et al., 2017; Amsellem et al., 2017), such as the metal-bearing carbonaceous chondrites.

  19. Estimation of volatility of selected oil production projects

    International Nuclear Information System (INIS)

    Costa Lima, Gabriel A.; Suslick, Saul B.

    2006-01-01

    In oil project valuation and investment decision-making, volatility is a key parameter, but it is difficult to estimate. From a traditional investment viewpoint, volatility reduces project value because it increases its discount rate via a higher risk premium. Contrarily, according to the real-option pricing theory, volatility may aggregate value to the project, since the downside potential is limited whereas the upside is theoretically unbounded. However, the estimation of project volatility is very complicated since there is not a historical series of project values. In such cases, many analysts assume that oil price volatility is equal to that of project. In order to overcome such problems, in this paper an alternative numerical method based on present value of future cash flows and Monte Carlo simulation is proposed to estimate the volatility of projects. This method is applied to estimate the volatility of 12 deep-water offshore oil projects considering that oil price will evolve according to one of two stochastic processes: Geometric Brownian Motion and Mean-Reverting Motion. Results indicate that the volatility of commodity usually undervalue that of project. For the set of offshore projects analyzed in this paper, project volatility is at least 79% higher than that of oil prices and increases dramatically in those cases of high capital expenditures and low price. (author)

  20. Production Function of Outgassed Volatiles on Mercury: Implications for Polar Volatiles on Mercury and the Moon

    Science.gov (United States)

    Deutsch, A. N.; Head, J. W.

    2018-05-01

    We are interested in the flux of volatiles delivered to the polar regions of Mercury and the Moon through time. We integrate the production functions for volatile delivery from impacts, solar wind, and volcanism, which we focus on initially.

  1. Volatile and non-volatile compounds in green tea affected in harvesting time and their correlation to consumer preference.

    Science.gov (United States)

    Kim, Youngmok; Lee, Kwang-Geun; Kim, Mina K

    2016-10-01

    Current study was designed to find out how tea harvesting time affects the volatile and non-volatile compounds profiles of green tea. In addition, correlation of instrumental volatile and non-volatile compounds analyses to consumer perception were analyzed. Overall, earlier harvested green tea had stronger antioxidant capacity (~61.0%) due to the polyphenolic compounds from catechin (23,164 mg/L), in comparison to later harvested green teas (11,961 mg/L). However, high catechin content in green tea influenced negatively the consumer likings of green tea, due to high bitterness (27.6%) and astringency (13.4%). Volatile compounds drive consumer liking of green tea products were also identified, that included linalool, 2,3-methyl butanal, 2-heptanone, (E,E)-3,5-Octadien-2-one. Finding from current study are useful for green tea industry as it provide the difference in physiochemical properties of green tea harvested at different intervals.

  2. On the non-causal link between volatility and growth

    DEFF Research Database (Denmark)

    Posch, Olaf; Wälde, Klaus

    A model highlighting the endogeneity of both volatility and growth is presented. Volatility and growth are therefore correlated but there is no causal link from volatility to growth. This joint endogeneity is illustrated by working out the effects through which economies with different tax levels...... di er both in their volatility and growth. Using a continuous-time DSGE model with plausible parametric restrictions, we obtain closedform measures of macro volatility based on cyclical components and output growth rates. Given our results, empirical volatility-growth analysis should include controls...

  3. Volatilization of iodine from soils and plants

    International Nuclear Information System (INIS)

    Wildung, R.E.; Cataldo, D.A.; Garland, T.R.

    1985-04-01

    Elevated levels of 129 I, a long-lived fission product, are present in the environment as a result of nuclear weapons testing and fuel reprocessing. To aid in understanding the anomalous behavior of this element, relative to natural I ( 127 I), in the vicinity of nuclear fuel reprocessing plants, preliminary laboratory-growth chamber studies were undertaken to examine the possible formation of volatile inorganic and organic I species in soil and plant systems. Inorganic 129 I added to soil was volatilized from both the soil and plant during plant growth, at average ratios of 2 x 10 -3 %/day soil and 9 x 10 -3 %/day foliage, respectively. Volatilization rates from soil were an order of magnitude less in the absence of growing roots. Less than 2% of soil or plant volatiles was subsequently retained by plant canopies. Volatile I, chemically characterized by selective sorption methods, consisted principally of alkyl iodides formed by both soil and plant processes. However, plants and soils containing actively growing roots produced a larger fraction of volatile inorganic I than soil alone. 14 refs., 1 fig., 3 tabs

  4. Constraining the volatile budget of the lunar interior

    Science.gov (United States)

    Potts, N. J.; Bromiley, G. D.

    2017-12-01

    Measurements of volatiles (F, Cl, S, H2O) in a range of lunar samples confirm the presence of volatile material in lunar magmas. It remains unknown, however, where this volatile material is stored and when it was delivered to the Moon. On Earth, point defects within mantle olivine, and its high-pressure polymorphs, are thought to be the largest reservoir of volatile material. However, as volatiles have been cycled into and out of the Earth's mantle throughout geological time, via subduction and volcanism, this masks any original volatile signatures. As the Moon has no plate tectonics, it is expected that any volatile material present in the deep lunar interior would have been inherited during accretion and differentiation, providing insight into the delivery of volatiles to the early Earth-Moon system. Our aim was, therefore, to test the volatile storage capacity of the deep lunar mantle and determine mineral/melt partitioning for key volatiles. Experiments were performed in a primitive lunar mantle composition and run at relevant T, P, and at fO2 below the IW buffer. Experiments replicated the initial stages of LMO solidification with either olivine + melt, olivine + pyroxene + melt, or pyroxene + melt as the only phases present. Mineral-melt partition coefficients (Dx) derived for volatile material (F, Cl, S, H2O) vary significantly compared to those derived for terrestrial conditions. An order of magnitude more H2O was found to partition into lunar olivine compared to the terrestrial upper mantle. DF derived for lunar olivine are comparable to the highest terrestrial derived values whilst no Cl was found to partition into lunar olivine under these conditions. Furthermore, an inverse trend between DF and DOH hints towards coupled-substitution mechanisms between H and F under low-fO2/lunar bulk composition. These results suggest that if volatile material was present in the LMO a significant proportion could be partitioned into the lower lunar mantle. The

  5. Labour Demand and Exchange Rate Volatility

    OpenAIRE

    Udo Broll; Sabine Hansen

    2004-01-01

    The purpose of this paper is to assess under what conditions exchange rate volatility exerts a positive effect on a firm's labour demand. As the exchange rate volatility increases, so does the value of the export option provided the firm under study is flexible. Flexibility is important because it gives the firm option value. Higher volatility increases the potential gains from trade and may increase the demand for labour. This may explain part of the mixed empirical findings regarding the ef...

  6. Elemental volatility of HT-9 fusion reactor alloy

    International Nuclear Information System (INIS)

    Henslee, S.P.; Neilson, R.M. Jr.

    1985-01-01

    The volatility of elemental constituents from HT-9, a ferritic steel, proposed for fusion reactor structures, was investigated. Tests were conducted in flowing air at temperatures from 800 to 1200 0 C for durations of 1 to 20 h. Elemental volatility was calculated in terms of the weight fraction of the element volatilized from the initial alloy; molybdenum, manganese, and nickel were the primary constituents volatilized. Comparisons with elemental volatilities observed for another candidate fusion reactor materials. Primary Candidate Alloy (PCA), an austenitic stainless steel, indicate significant differences between the volatilities of these steels that may impact fusion reactor safety analysis and alloy selection. Scanning electron microscopy and energy dispersive spectrometry were used to investigate the oxide layers formed on HT-9 and to measure elemental contents within these layers

  7. Estimation and prediction under local volatility jump-diffusion model

    Science.gov (United States)

    Kim, Namhyoung; Lee, Younhee

    2018-02-01

    Volatility is an important factor in operating a company and managing risk. In the portfolio optimization and risk hedging using the option, the value of the option is evaluated using the volatility model. Various attempts have been made to predict option value. Recent studies have shown that stochastic volatility models and jump-diffusion models reflect stock price movements accurately. However, these models have practical limitations. Combining them with the local volatility model, which is widely used among practitioners, may lead to better performance. In this study, we propose a more effective and efficient method of estimating option prices by combining the local volatility model with the jump-diffusion model and apply it using both artificial and actual market data to evaluate its performance. The calibration process for estimating the jump parameters and local volatility surfaces is divided into three stages. We apply the local volatility model, stochastic volatility model, and local volatility jump-diffusion model estimated by the proposed method to KOSPI 200 index option pricing. The proposed method displays good estimation and prediction performance.

  8. Aspects of volatility targeting for South African equity investors

    Directory of Open Access Journals (Sweden)

    Bhekinkosi Khuzwayo

    2014-11-01

    Full Text Available We consider so-called volatility targeting strategies in the South African equity market. These strategies are aimed at keeping the volatility of a portfolio consisting of a risky asset, typically an equity index, and cash fixed. This is done by changing the allocation of the assets based on an indicator of the future volatility of the risky asset. We use the three month rolling implied volatility as an indicator of future volatility to influence our asset allocation. We compare investments based on different volatility targets to the performance of bonds, equities, property as well as the Absolute Return peer mean. We examine risk and return characteristics of the volatility targeting strategy as compared to different asset classes.

  9. Estudio de otros compuestos relacionados con la presencia de olor sexual no atribuible al escatol y a la 5@-Androst-16-en-3-ona en grasa dorsal de cerdo

    OpenAIRE

    Rius Solé, M. Àngels

    2000-01-01

    En el presente trabajo de tesis se evalúa la posible contribución de otros compuestos al desarrollo del olor sexual mediante la aplicación de técnicas de Head Space dinámico y cromatografía de filtración de gel. El estudio se efectuó en canales de cerdos enteros previamente clasificadas con concentraciónes bajas de escatol (

  10. Volatility Forecast in Crises and Expansions

    Directory of Open Access Journals (Sweden)

    Sergii Pypko

    2015-08-01

    Full Text Available We build a discrete-time non-linear model for volatility forecasting purposes. This model belongs to the class of threshold-autoregressive models, where changes in regimes are governed by past returns. The ability to capture changes in volatility regimes and using more accurate volatility measures allow outperforming other benchmark models, such as linear heterogeneous autoregressive model and GARCH specifications. Finally, we show how to derive closed-form expression for multiple-step-ahead forecasting by exploiting information about the conditional distribution of returns.

  11. Multifractal analysis of implied volatility in index options

    Science.gov (United States)

    Oh, GabJin

    2014-06-01

    In this paper, we analyze the statistical and the non-linear properties of the log-variations in implied volatility for the CAC40, DAX and S& P500 daily index options. The price of an index option is generally represented by its implied volatility surface, including its smile and skew properties. We utilize a Lévy process model as the underlying asset to deepen our understanding of the intrinsic property of the implied volatility in the index options and estimate the implied volatility surface. We find that the options pricing models with the exponential Lévy model can reproduce the smile or sneer features of the implied volatility that are observed in real options markets. We study the variation in the implied volatility for at-the-money index call and put options, and we find that the distribution function follows a power-law distribution with an exponent of 3.5 ≤ γ ≤ 4.5. Especially, the variation in the implied volatility exhibits multifractal spectral characteristics, and the global financial crisis has influenced the complexity of the option markets.

  12. Detecting instability in the volatility of carbon prices

    Energy Technology Data Exchange (ETDEWEB)

    Chevallier, Julien [Univ. Paris Dauphine (France)

    2011-01-15

    This article investigates the presence of outliers in the volatility of carbon prices. We compute three different measures of volatility for European Union Allowances, based on daily data (EGARCH model), option prices (implied volatility), and intraday data (realized volatility). Based on the methodology developed by Zeileis et al. (2003) and Zeileis (2006), we detect instability in the volatility of carbon prices based on two kinds of tests: retrospective tests (OLS-/Recursive-based CUSUM processes, F-statistics, and residual sum of squares), and forward-looking tests (by monitoring structural changes recursively or with moving estimates). We show evidence of strong shifts mainly for the EGARCH and IV models during the time period. Overall, we suggest that yearly compliance events, and growing uncertainties in post-Kyoto international agreements, may explain the instability in the volatility of carbon prices. (author)

  13. Cromatografía de gases–espectrometría de masas de compuestos fitobioactivos del aceite esencial de Satureja incana

    Directory of Open Access Journals (Sweden)

    Joseph Ricaldi Sarapura

    2014-12-01

    Full Text Available Objetivos: Analizar la composición de fitobioactivos del aceite esencial de Satureja incana por cromatografía de gases acoplada a espectrometría de masas (GC-MS, por sus siglas en inglés; y determinar rendimiento extractivo y características físico-químicas del aceite esencial de Satureja incana. Métodos: Se colectó ramas tiernas en estado de floración, con cortes de 20-35 cm, ubicación de recolecta a una altitud 2 682 msnm; distrito de Palca, provincia Tarma, región Junín. Extracción: equipo extractor de acero inoxidable, tiempo 1 hora. Caracterización físico-química: Norma Técnica Peruana. Análisis GC-SM: gas helio flujo 20 ml.min-1, inyección de 0,2 μl de aceite esencial, configuración térmica en gradiente. Resultados: El rendimiento de extracción fue 0,49 base seca con densidad relativa 0,9816; índice de refracción 1,4879 e índice de acidez 1,9860; y la composición fitoquímica: predomina concentración sesquiterpenica 66,37 % y monoterpenos 30,07 %; siendo los compuestos mayoritarios: germacreno D 25,91 %, β cariofileno 22,10 %, α-ocimeno 12,62 %, 4(8-p-mentona 6,73 %, humuleno 3,95 %, cariofileno óxido 3,08 %, limoneno 2,44 %; y minoritarios: β-bourbeneno 1,95 %, β-ocimeno 1,78 %, espatulenol 1,66 %, β-linalol 1,64 %, dlisopulegol 1,66 %, α-cubebeno 1,51 %, δ-Cadineno 0,89 %, α-pineno 0,45 %, β-pineno 0,52 %. Conclusiones: La presencia de algunos compuestos químicos respalda su uso etnofitofarmacobotánico. Presenta potencial característica para utilizarlo en formulaciones para plaguicidas debido a la presencia de germacreno D en alta concentración.

  14. CAM Stochastic Volatility Model for Option Pricing

    Directory of Open Access Journals (Sweden)

    Wanwan Huang

    2016-01-01

    Full Text Available The coupled additive and multiplicative (CAM noises model is a stochastic volatility model for derivative pricing. Unlike the other stochastic volatility models in the literature, the CAM model uses two Brownian motions, one multiplicative and one additive, to model the volatility process. We provide empirical evidence that suggests a nontrivial relationship between the kurtosis and skewness of asset prices and that the CAM model is able to capture this relationship, whereas the traditional stochastic volatility models cannot. We introduce a control variate method and Monte Carlo estimators for some of the sensitivities (Greeks of the model. We also derive an approximation for the characteristic function of the model.

  15. [Solidification of volatile oil with graphene oxide].

    Science.gov (United States)

    Yan, Hong-Mei; Jia, Xiao-Bin; Zhang, Zhen-Hai; Sun, E; Xu, Yi-Hao

    2015-02-01

    To evaluate the properties of solidifying volatile oil with graphene oxide, clove oil and zedoary turmeric oil were solidified by graphene oxide. The amount of graphene oxide was optimized with the eugenol yield and curcumol yield as criteria. Curing powder was characterized by differential scanning calorimetry (DSC) and scanning electron microscopy (SEM). The effects of graphene oxide on dissolution in vitro and thermal stability of active components were studied. The optimum solidification ratio of graphene oxide to volatile oil was 1:1. Dissolution rate of active components had rare influence while their thermal stability improved after volatile oil was solidified. Solidifying herbal volatile oil with graphene oxide deserves further study.

  16. Macroeconomic Volatility and Welfare in Developing Countries

    OpenAIRE

    Loayza, Norman V.; Rancière, Romain; Servén, Luis; Ventura, Jaume

    2007-01-01

    Macroeconomic Volatility and Welfare in Developing Countries: An Introduction Norman V. Loayza, Romain Ranciere, Luis Serven, ` and Jaume Ventura Macroeconomic volatility, both a source and a reflection of underdevelopment, is a fundamental concern for developing countries. This article provides a brief overview of the recent literature on macroeconomic volatility in developing countries, highlighting its causes, consequences, and possible remedies. to reduce domestic policy-induced macroecon...

  17. Volatile liquid storage system

    International Nuclear Information System (INIS)

    Laverman, R.J.; Winters, P.J.; Rinehart, J.K.

    1992-01-01

    This patent describes a method of collecting and abating emission from a volatile liquid in an above ground storage tank. It comprises the liquid storage tank having a bottom, a vertical cylindrical circular wall having a lower edge portion joined to the bottom, and an external fixed roof, the tank having an internal floating roof floating on a volatile liquid stored in the tank, and air vent means in the tank in communication with a vapor space in the tank constituting at least the space above the floating roof when the floating roof floats on a predetermined maximum volume of volatile liquid in the tank; permitting ambient air; pumping emission laden air from the tank vapor space above the floating roof; and by means of the emissions abatement apparatus eliminating most of the emission from the emissions laden air with formation of a gaseous effluent and then discharging the resulting gaseous effluent to the atmosphere

  18. Bacterial contribution to iodine volatilization in the environment

    Energy Technology Data Exchange (ETDEWEB)

    Amachi, S; Kasahara, M; Fujii, T [Chiba Univ., Dept. of Bioresources Chemistry, Matsudo, Chiba (Japan); Muramatsu, Y [National Inst. of Radiological Sciences, Chiba (Japan)

    2003-09-01

    The roles of microorganisms in iodine volatilization from the environment were studied. More than 100 bacterial strains were isolated from various environments such as soils, seawater and marine sediments, and were examined their capacities for volatilizing iodine. Approximately 40% of these bacteria showed significant capacities for volatilizing iodine. Gas chromatographic determinations revealed that the chemical species of gaseous iodine is methyl iodide (CH{sub 3}I). Phylogenetic analysis based on 16S ribosomal DNA showed that these 'iodine-volatilizing bacteria' are widely distributed through the bacterial domain. The iodide-methylating reaction was mediated by an enzyme protein with S-adenosyl-L-methionine (SAM) as the methyl donor. We then estimated bacterial contribution to iodine volatilization from soils. Iodine in soils was volatilized mainly as CH{sub 3}I. CH{sub 3}I emission was enhanced in the presence of glucose or yeast extract, but was inhibited by autoclaving of soils. Little CH{sub 3}I was produced under anaerobic conditions. Furthermore, the addition of streptomycin and tetracycline, antibiotics which inhibit bacterial growth, strongly inhibited CH{sub 3}I emission, while a fungal inhibitor cycloheximide caused little effect. These results suggest that iodine in soils is volatilized as CH{sub 3}I mainly by the action of aerobic soil bacteria. Similar experiment was carried out by using sea water samples. The emission of iodine from sea waters occurred biologically, and bacterial (and also other microbial) contribution was confirmed. Our results suggest that iodine is methylated and volatilized into the atmosphere as a result of bacterial activities. Since bacteria are so abundant and widespread in the environments, they may significantly contribute to global iodine volatilization. This indicates that if {sup 129}I would be released from nuclear facilities, weapons testing or ground storage of nuclear wastes, the pathway of volatilization by

  19. Decomposing European bond and equity volatility

    DEFF Research Database (Denmark)

    Christiansen, Charlotte

    The paper investigates volatility spillover from US and aggregate European asset markets into European national asset markets. A main contribution is that bond and equity volatilities are analyzed simultaneously. A new model belonging to the "volatilityspillover" family is suggested: The conditio...

  20. The economic value of realized volatility

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Feunou, Bruno; Jacobs, Kris

    2014-01-01

    Many studies have documented that daily realized volatility estimates based on intraday returns provide volatility forecasts that are superior to forecasts constructed from daily returns only. We investigate whether these forecasting improvements translate into economic value added. To do so, we ...

  1. Empirical Analysis of Stochastic Volatility Model by Hybrid Monte Carlo Algorithm

    International Nuclear Information System (INIS)

    Takaishi, Tetsuya

    2013-01-01

    The stochastic volatility model is one of volatility models which infer latent volatility of asset returns. The Bayesian inference of the stochastic volatility (SV) model is performed by the hybrid Monte Carlo (HMC) algorithm which is superior to other Markov Chain Monte Carlo methods in sampling volatility variables. We perform the HMC simulations of the SV model for two liquid stock returns traded on the Tokyo Stock Exchange and measure the volatilities of those stock returns. Then we calculate the accuracy of the volatility measurement using the realized volatility as a proxy of the true volatility and compare the SV model with the GARCH model which is one of other volatility models. Using the accuracy calculated with the realized volatility we find that empirically the SV model performs better than the GARCH model.

  2. Observability of market daily volatility

    Science.gov (United States)

    Petroni, Filippo; Serva, Maurizio

    2016-02-01

    We study the price dynamics of 65 stocks from the Dow Jones Composite Average from 1973 to 2014. We show that it is possible to define a Daily Market Volatility σ(t) which is directly observable from data. This quantity is usually indirectly defined by r(t) = σ(t) ω(t) where the r(t) are the daily returns of the market index and the ω(t) are i.i.d. random variables with vanishing average and unitary variance. The relation r(t) = σ(t) ω(t) alone is unable to give an operative definition of the index volatility, which remains unobservable. On the contrary, we show that using the whole information available in the market, the index volatility can be operatively defined and detected.

  3. Stock return, seasonality and asymmetric conditional volatility in steel & iron subsector

    Directory of Open Access Journals (Sweden)

    V. Chirila

    2015-01-01

    Full Text Available This paper presents the results obtained following the testing of five hypotheses regarding conditional return and volatility of the most listed European stocks in the steel & iron subsector. The following elements of the stocks are analysed: time variation of volatility, seasonality of return and volatility, relationship between return and volatility and volatility asymmetry. The results obtained confirm for all the analyzed stocks the existence of volatility variation in time, the lack of correlation between return and volatility, the existence of asymmetry phenomenon of volatility and the presence in some stocks of the seasonality effect both for return and volatility.

  4. Bias-reduced estimation of long memory stochastic volatility

    DEFF Research Database (Denmark)

    Frederiksen, Per; Nielsen, Morten Ørregaard

    We propose to use a variant of the local polynomial Whittle estimator to estimate the memory parameter in volatility for long memory stochastic volatility models with potential nonstation- arity in the volatility process. We show that the estimator is asymptotically normal and capable of obtaining...

  5. Volatile-mediated interactions between phylogenetically different soil bacteria

    Directory of Open Access Journals (Sweden)

    Paolina eGarbeva

    2014-06-01

    Full Text Available There is increasing evidence that organic volatiles play an important role in interactions between micro-organisms in the porous soil matrix. Here we report that volatile compounds emitted by different soil bacteria can affect the growth, antibiotic production and gene expression of the soil bacterium Pseudomonas fluorescens Pf0-1. We applied a novel cultivation approach that mimics the natural nutritional heterogeneity in soil in which P. fluorescens grown on nutrient-limited agar was exposed to volatiles produced by 4 phylogenetically different bacterial isolates (Collimonas pratensis, Serratia plymuthica, Paenibacillus sp. and Pedobacter sp. growing in sand containing artificial root exudates. Contrary to our expectation, the produced volatiles stimulated rather than inhibited the growth of P. fluorescens. A genome-wide, microarray-based analysis revealed that volatiles of all 4 bacterial strains affected gene expression of P. fluorescens, but with a different pattern of gene expression for each strain. Based on the annotation of the differently expressed genes, bacterial volatiles appear to induce a chemotactic motility response in P. fluorescens, but also an oxidative stress response. A more detailed study revealed that volatiles produced by C. pratensis triggered, antimicrobial secondary metabolite production in P. fluorescens. Our results indicate that bacterial volatiles can have an important role in communication, trophic - and antagonistic interactions within the soil bacterial community.

  6. Investment timing under hybrid stochastic and local volatility

    International Nuclear Information System (INIS)

    Kim, Jeong-Hoon; Lee, Min-Ku; Sohn, So Young

    2014-01-01

    Highlights: • The effects of hybrid stochastic volatility on real option prices are studied. • The stochastic volatility consists of a fast mean-reverting component and a CEV type one. • A fast mean-reverting factor lowers real option prices and investment thresholds. • The increase of elasticity raises real option prices and investment thresholds. • The effects of the addition of a slowly varying factor depend upon the project value. - Abstract: We consider an investment timing problem under a real option model where the instantaneous volatility of the project value is given by a combination of a hidden stochastic process and the project value itself. The stochastic volatility part is given by a function of a fast mean-reverting process as well as a slowly varying process and the local volatility part is a power (the elasticity parameter) of the project value itself. The elasticity parameter controls directly the correlation between the project value and the volatility. Knowing that the project value represents the market price of a real asset in many applications and the value of the elasticity parameter depends on the asset, the elasticity parameter should be treated with caution for investment decision problems. Based on the hybrid structure of volatility, we investigate the simultaneous impact of the elasticity and the stochastic volatility on the real option value as well as the investment threshold

  7. Autoradiographic methods for studying marked volatile substances (1961); Methode.d'etude autoradiographique de substances marquees volatiles (1961)

    Energy Technology Data Exchange (ETDEWEB)

    Cohen, Y; Wepierre, J [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1961-07-01

    The autoradiographic methods for animals used up to the present do not make it possible to localise exactly the distribution of marked volatile molecules. The Ullberg method (1954) which we have modified (Cohen, Delassue, 1959) involves cold desiccant. The method due to Pellerin (1957) avoids this desiccant but the histological comparison of the autoradiography with the biological document itself is difficult, if not impossible. Nevertheless, we have adopted certain points in the two methods and propose the following technique for the autoradiographic study of marked volatile molecules: 1- The surface of the frozen sample to be studied is prepared using a freezing microtome. 2- The last section, which is 20 {mu} thick and whose histological elements are parallel to those of the block, is dried by cooling and is used as the biological reference document for the autoradiography obtained, as is indicated in 3; 3- The radiography films are applied to the frozen block at -30 deg. C. The autoradiographs correspond to the radioactivity of the volatile molecule and of its non-volatile degradation products. 4- The radiographic film is also applied to the 20 {mu} section previously dried at -20 deg. C. This autoradiography corresponds to the radioactivity of the non-volatile degradation products of the molecule. 5- We confirmed the absence of diffusion of the volatile molecule and of pseudo-radiographic effects (photochemical and others). This method, which has enabled us to study the distribution of a carbide, para-cymene (C{sup 14}) 7, macroscopically in the case of a whole mouse and microscopically on the skin of a dog, can find general applications. (authors) [French] Les methodes d'autoradiographies sur l'animal, proposees jusqu'a present, ne permettent pas de localiser de facon precise la distribution de molecules marquees volatiles. En effet, la methode de Ullberg (1954) que nous avons modifiee (Cohen, Delassue, 1959) necessite la dessiccation par le froid. La methode

  8. The Volatility Effect: Lower Risk without Lower Return

    NARCIS (Netherlands)

    D.C. Blitz (David); P. van Vliet (Pim)

    2007-01-01

    textabstractWe present empirical evidence that stocks with low volatility earn high risk-adjusted returns. The annual alpha spread of global low versus high volatility decile portfolios amounts to 12% over the 1986-2006 period. We also observe this volatility effect within the US, European and

  9. The Short-Time Behaviour of VIX Implied Volatilities in a Multifactor Stochastic Volatility Framework

    DEFF Research Database (Denmark)

    Barletta, Andrea; Nicolato, Elisa; Pagliarani, Stefano

    error bounds for VIX futures, options and implied volatilities. In particular, we derive exact asymptotic results for VIX implied volatilities, and their sensitivities, in the joint limit of short time-to-maturity and small log-moneyness. The obtained expansions are explicit, based on elementary...... approximations of equity (SPX) options. However, the generalizations needed to cover the case of VIX options are by no means straightforward as the dynamics of the underlying VIX futures are not explicitly known. To illustrate the accuracy of our technique, we provide numerical implementations for a selection...... functions and they neatly uncover how the VIX skew depends on the specific choice of the volatility and the vol-of-vol processes. Our results are based on perturbation techniques applied to the infinitesimal generator of the underlying process. This methodology has been previously adopted to derive...

  10. Release of volatile mercury from vascular plants

    Science.gov (United States)

    Siegel, S. M.; Puerner, N. J.; Speitel, T. W.

    1974-01-01

    Volatile, organic solvent soluble mercury has been found in leaves and seeds of several angiosperms. Leaves of garlic vine, avocado, and haole-koa release mercury in volatile form rapidly at room temperature. In garlic vine, the most active release is temperature dependent, but does not parallel the vapor-pressure temperature relationship for mercury. Mercury can be trapped in nitric-perchloric acid digestion fluid, or n-hexane, but is lost from the hexane unless the acid mixture is present. Seeds of haole-koa also contain extractable mercury but volatility declines in the series n-hexane (90%), methanol (50%), water (10%). This suggests that reduced volatility may accompany solvolysis in the more polar media.

  11. Investigate Volatility Jumps in Chinese Stock Index Future and Spot Markets Based on Realized Volatility

    Institute of Scientific and Technical Information of China (English)

    Zhang qiang

    2014-01-01

    This paper aims to investigate Chinese stock index future and spot market's volatility jumps characteristics by using recentlydeveloped jumpstest(Barndorff-Nielsenand Shephard,2004).Thedataisoneyearhigh frequencydatafromthe period19/04/2012 to 19/04/2013. The empirical results show two important points. Firstly, the logarithm of adjusted realized volatility shows a high degree of autocorrelation and folows a normal distribution nearly perfect. These characteristics show a potential high forecast ability. Secondly,thedailyrealizedvolatilityjumpsshowalowdegreeofautocorrealtionbutwithsignificantvolatilityclusters.Ingeneral,thejumps component has a low percentage in realized volatility estimation for both future and spot market. On average, there is one significant jumpswithinevery ten continue trading days.Spotmarkets showshigherdegree of jumps,anda rapidly jumpscharacterises.It implies that jumps may transmission from spot to future market, and spot market dominate future market at some degree.

  12. Volatility forecasting for low-volatility portfolio selection in the US and the Korean equity markets

    Science.gov (United States)

    Kim, Saejoon

    2018-01-01

    We consider the problem of low-volatility portfolio selection which has been the subject of extensive research in the field of portfolio selection. To improve the currently existing techniques that rely purely on past information to select low-volatility portfolios, this paper investigates the use of time series regression techniques that make forecasts of future volatility to select the portfolios. In particular, for the first time, the utility of support vector regression and its enhancements as portfolio selection techniques is provided. It is shown that our regression-based portfolio selection provides attractive outperformances compared to the benchmark index and the portfolio defined by a well-known strategy on the data-sets of the S&P 500 and the KOSPI 200.

  13. Fundamental uncertainty and stock market volatility

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2008-01-01

    We provide empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from participants in the Survey of Professional Forecasters over the period 1969 to 1996.

  14. Estimation of Stochastic Volatility Models by Nonparametric Filtering

    DEFF Research Database (Denmark)

    Kanaya, Shin; Kristensen, Dennis

    2016-01-01

    /estimated volatility process replacing the latent process. Our estimation strategy is applicable to both parametric and nonparametric stochastic volatility models, and can handle both jumps and market microstructure noise. The resulting estimators of the stochastic volatility model will carry additional biases...... and variances due to the first-step estimation, but under regularity conditions we show that these vanish asymptotically and our estimators inherit the asymptotic properties of the infeasible estimators based on observations of the volatility process. A simulation study examines the finite-sample properties...

  15. Caracterización de los compuestos aromáticos en embutidos crudos curados y estudio de los factores que afectan a su generación.

    OpenAIRE

    Marco Celdrán, Aurora

    2007-01-01

    RESUMEN Los objetivos de esta tesis consistían en determinar y caracterizar los principales compuestos aromáticos responsables del aroma típico a curado de los embutidos crudos curados; y determinar el efecto del uso de diferentes sales de curado y la aplicación de diferentes procesos de fermentación, en la generación de los mismos. Para determinar el efecto de las sales de curado y del proceso de fermentación en los embutidos, se realizaron dos fabricaciones de embutidos de gran calibre. ...

  16. Volatile flavor compounds in yogurt: a review.

    Science.gov (United States)

    Cheng, Hefa

    2010-11-01

    Considerable knowledge has been accumulated on the volatile compounds contributing to the aroma and flavor of yogurt. This review outlines the production of the major flavor compounds in yogurt fermentation and the analysis techniques, both instrumental and sensory, for quantifying the volatile compounds in yogurt. The volatile compounds that have been identified in plain yogurt are summarized, with the few key aroma compounds described in detail. Most flavor compounds in yogurt are produced from lipolysis of milkfat and microbiological transformations of lactose and citrate. More than 100 volatiles, including carbonyl compounds, alcohols, acids, esters, hydrocarbons, aromatic compounds, sulfur-containing compounds, and heterocyclic compounds, are found in yogurt at low to trace concentrations. Besides lactic acid, acetaldehyde, diacetyl, acetoin, acetone, and 2-butanone contribute most to the typical aroma and flavor of yogurt. Extended storage of yogurt causes off-flavor development, which is mainly attributed to the production of undesired aldehydes and fatty acids during lipid oxidation. Further work on studying the volatile flavor compounds-matrix interactions, flavor release mechanisms, and the synergistic effect of flavor compounds, and on correlating the sensory properties of yogurt with the compositions of volatile flavor compounds are needed to fully elucidate yogurt aroma and flavor.

  17. Long- and Short-Term Cryptocurrency Volatility Components: A GARCH-MIDAS Analysis

    Directory of Open Access Journals (Sweden)

    Christian Conrad

    2018-05-01

    Full Text Available We use the GARCH-MIDAS model to extract the long- and short-term volatility components of cryptocurrencies. As potential drivers of Bitcoin volatility, we consider measures of volatility and risk in the US stock market as well as a measure of global economic activity. We find that S&P 500 realized volatility has a negative and highly significant effect on long-term Bitcoin volatility. The finding is atypical for volatility co-movements across financial markets. Moreover, we find that the S&P 500 volatility risk premium has a significantly positive effect on long-term Bitcoin volatility. Finally, we find a strong positive association between the Baltic dry index and long-term Bitcoin volatility. This result shows that Bitcoin volatility is closely linked to global economic activity. Overall, our findings can be used to construct improved forecasts of long-term Bitcoin volatility.

  18. A Jump Diffusion Model for Volatility and Duration

    DEFF Research Database (Denmark)

    Wei, Wei; Pelletier, Denis

    by the market microstructure theory. Traditional measures of volatility do not utilize durations. I adopt a jump diffusion process to model the persistence of intraday volatility and conditional duration, and their interdependence. The jump component is disentangled from the continuous part of the price......, volatility and conditional duration process. I develop a MCMC algorithm for the inference of irregularly spaced multivariate process with jumps. The algorithm provides smoothed estimates of the latent variables such as spot volatility, jump times and jump sizes. I apply this model to IBM data and I find...... meaningful relationship between volatility and conditional duration. Also, jumps play an important role in the total variation, but the jump variation is smaller than traditional measures that use returns sampled at lower frequency....

  19. [Study on absorbing volatile oil with mesoporous carbon].

    Science.gov (United States)

    Yan, Hong-mei; Jia, Xiao-bin; Zhang, Zhen-hai; Sun, E; Yang Nan

    2014-11-01

    Clove oil and turmeric oil were absorbed by mesoporous carbon. The absorption ratio of mesoporous carbon to volatile oil was optimized with the eugenol yield and curcumol yield as criteria Curing powder was characterized by scanning electron microscopy (SEM) and differential scanning calorietry (DSC). The effects of mesoporous carbon on dissolution in vitro and thermal stability of active components were studied. They reached high adsorption rate when the absorption ratio of mesoporous carbon to volatile oil was 1:1. When volatile oil was absorbed, dissolution rate of active components had a little improvement and their thermal stability improved after volatile oil was absorbed by the loss rate decreasing more than 50%. Absorbing herbal volatile oil with mesoporous carbon deserves further studying.

  20. Gasoline taxes and revenue volatility: An application to California

    International Nuclear Information System (INIS)

    Madowitz, M.; Novan, K.

    2013-01-01

    This paper examines how applying different combinations of excise and sales taxes on motor fuels impact the volatility of retail fuel prices and tax revenues. Two features of gasoline and diesel markets make the choice of tax mechanism a unique problem. First, prices are very volatile. Second, demand for motor fuels is extremely inelastic. As a result, fuel expenditures vary substantially over time. Tying state revenues to these expenditures, as is the case with a sales tax, results in a volatile stream of revenue which imposes real costs on agents in an economy. On July 1, 2010, California enacted Assembly Bill x8-6, the “Gas Tax Swap”, increasing the excise tax and decreasing the sales tax on gasoline purchases. While the initial motivation behind the revenue neutral swap was to provide the state with greater flexibility within its budget, we highlight that this change has two potentially overlooked benefits; it reduces retail fuel price volatility and tax revenue volatility. Simulating the monthly fuel prices and tax revenues under alternative tax policies, we quantify the potential reductions in revenue volatility. The results reveal that greater benefits can be achieved by going beyond the tax swap and eliminating the gasoline sales tax entirely. - Highlights: • We examine how gasoline taxes affect government revenue volatility. • We simulate the impact of California's Gasoline Tax Swap policy. • Sales taxes are shown to magnify price volatility and government revenue volatility. • A pure excise tax policy results in less volatile fuel prices and state revenues. • We argue that reductions in both forms of volatility are welfare enhancing

  1. Biogenic volatile emissions from the soil.

    Science.gov (United States)

    Peñuelas, J; Asensio, D; Tholl, D; Wenke, K; Rosenkranz, M; Piechulla, B; Schnitzler, J P

    2014-08-01

    Volatile compounds are usually associated with an appearance/presence in the atmosphere. Recent advances, however, indicated that the soil is a huge reservoir and source of biogenic volatile organic compounds (bVOCs), which are formed from decomposing litter and dead organic material or are synthesized by underground living organism or organs and tissues of plants. This review summarizes the scarce available data on the exchange of VOCs between soil and atmosphere and the features of the soil and particle structure allowing diffusion of volatiles in the soil, which is the prerequisite for biological VOC-based interactions. In fact, soil may function either as a sink or as a source of bVOCs. Soil VOC emissions to the atmosphere are often 1-2 (0-3) orders of magnitude lower than those from aboveground vegetation. Microorganisms and the plant root system are the major sources for bVOCs. The current methodology to detect belowground volatiles is described as well as the metabolic capabilities resulting in the wealth of microbial and root VOC emissions. Furthermore, VOC profiles are discussed as non-destructive fingerprints for the detection of organisms. In the last chapter, belowground volatile-based bi- and multi-trophic interactions between microorganisms, plants and invertebrates in the soil are discussed. © 2014 John Wiley & Sons Ltd.

  2. The Forecast Performance of Competing Implied Volatility Measures

    DEFF Research Database (Denmark)

    Tsiaras, Leonidas

    This study examines the information content of alternative implied volatility measures for the 30 components of the Dow Jones Industrial Average Index from 1996 until 2007. Along with the popular Black-Scholes and "model-free" implied volatility expectations, the recently proposed corridor implie......, volatility definitions, loss functions and forecast evaluation settings....

  3. Stock market volatility and macroeconomic uncertainty

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2006-01-01

    This paper provides empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from SPF survey participants over the period from 1969 to 1996. This link is much

  4. CHEMICAL INVESTIGATION OF THE VOLATILE CONSTITUENTS ...

    African Journals Online (AJOL)

    CHEMICAL INVESTIGATION OF THE VOLATILE CONSTITUENTS OF CLEOME VISCOSA FROM NIGERIA. Gabriel Olatunji, Peter Weyerstahl, Stephen Oguntoye. Abstract. The major volatile constituents of the oils from the integral parts of Cleome viscosa L. from Nigeria have been identified by GC, GC/MS and 1H NMR.

  5. Long Memory in STOCK Market Volatility: the International Evidence

    Science.gov (United States)

    Yang, Chunxia; Hu, Sen; Xia, Bingying; Wang, Rui

    2012-08-01

    It is still a hot topic to catch the auto-dependence behavior of volatility. Here, based on the measurement of average volatility, under different observation window size, we investigated the dependence of successive volatility of several main stock indices and their simulated GARCH(1, 1) model, there were obvious linear auto-dependence in the logarithm of volatility under a small observation window size and nonlinear auto-dependence under a big observation. After calculating the correlation and mutual information of the logarithm of volatility for Dow Jones Industrial Average during different periods, we find that some influential events can change the correlation structure and the volatilities of different periods have distinct influence on that of the remote future. Besides, GARCH model could produce similar behavior of dependence as real data and long memory property. But our analyses show that the auto-dependence of volatility in GARCH is different from that in real data, and the long memory is undervalued by GARCH.

  6. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.

    2013-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. Preliminary results indicate a higher

  7. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.

    2012-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. Preliminary results indicate a higher

  8. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Hernandez, M.A.; Gardebroek, C.

    2012-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. The estimation results indicate a higher

  9. Option Valuation with Observable Volatility and Jump Dynamics

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Feunoua, Bruno; Jeon, Yoontae

    Under very general conditions, the total quadratic variation of a jump-diffusion process can be decomposed into diffusive volatility and squared jump variation. We use this result to develop a new option valuation model in which the underlying asset price exhibits volatility and jump intensity...... dynamics. The volatility and jump intensity dynamics in the model are directly driven by model-free empirical measures of diffusive volatility and jump variation. Because the empirical measures are observed in discrete intervals, our option valuation model is cast in discrete time, allowing...

  10. Option Valuation with Observable Volatility and Jump Dynamics

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Feunoua, Bruno; Jeon, Yoontae

    2015-01-01

    Under very general conditions, the total quadratic variation of a jump-diffusion process can be decomposed into diffusive volatility and squared jump variation. We use this result to develop a new option valuation model in which the underlying asset price exhibits volatility and jump intensity...... dynamics. The volatility and jump intensity dynamics in the model are directly driven by model-free empirical measures of diffusive volatility and jump variation. Because the empirical measures are observed in discrete intervals, our option valuation model is cast in discrete time, allowing...

  11. Time-varying volatility in Malaysian stock exchange: An empirical study using multiple-volatility-shift fractionally integrated model

    Science.gov (United States)

    Cheong, Chin Wen

    2008-02-01

    This article investigated the influences of structural breaks on the fractionally integrated time-varying volatility model in the Malaysian stock markets which included the Kuala Lumpur composite index and four major sectoral indices. A fractionally integrated time-varying volatility model combined with sudden changes is developed to study the possibility of structural change in the empirical data sets. Our empirical results showed substantial reduction in fractional differencing parameters after the inclusion of structural change during the Asian financial and currency crises. Moreover, the fractionally integrated model with sudden change in volatility performed better in the estimation and specification evaluations.

  12. Volatility estimation using a rational GARCH model

    Directory of Open Access Journals (Sweden)

    Tetsuya Takaishi

    2018-03-01

    Full Text Available The rational GARCH (RGARCH model has been proposed as an alternative GARCHmodel that captures the asymmetric property of volatility. In addition to the previously proposedRGARCH model, we propose an alternative RGARCH model called the RGARCH-Exp model thatis more stable when dealing with outliers. We measure the performance of the volatility estimationby a loss function calculated using realized volatility as a proxy for true volatility and compare theRGARCH-type models with other asymmetric type models such as the EGARCH and GJR models.We conduct empirical studies of six stocks on the Tokyo Stock Exchange and find that a volatilityestimation using the RGARCH-type models outperforms the GARCH model and is comparable toother asymmetric GARCH models.

  13. MACROECONOMIC VARIABLES AND STOCK PRICE VOLATILITY IN NIGERIA

    Directory of Open Access Journals (Sweden)

    OSAZEE GODWIN OMOROKUNWA

    2014-10-01

    Full Text Available The purpose of this paper is to examine the relationship between stock price volatility and few macroeconomic variables such as inflation, exchange rate, GDP and interest rate. Annual time series data ranging from 1980 to 2011 was used for this study. The generalized autoregressive conditional heteroskedasticity (GARCH model was used in the empirical analysis. The findings of the study showed that stock prices in Nigeria are volatile. And that past information in the market have effect on stock price volatility in Nigeria. In addition, the study showed that interest rate and exchange have a weak effect on stock price volatility while inflation is the main determinant of stock price volatility in Nigeria. The authors recommend that inflation should be targeted as the main monetary policy aimed at directing the stock market.

  14. Identify and Manage the Software Requirements Volatility

    OpenAIRE

    Khloud Abd Elwahab; Mahmoud Abd EL Latif; Sherif Kholeif

    2016-01-01

    Management of software requirements volatility through development of life cycle is a very important stage. It helps the team to control significant impact all over the project (cost, time and effort), and also it keeps the project on track, to finally satisfy the user which is the main success criteria for the software project. In this research paper, we have analysed the root causes of requirements volatility through a proposed framework presenting the requirements volatility causes and how...

  15. INTERACCIONES NUTRIMENTALES Y NORMAS DE DIAGNÓSTICO DE NUTRIMENTO COMPUESTO EN NOGAL PECANERO (Carya illinoensis

    Directory of Open Access Journals (Sweden)

    J. L. García-Hernández

    2009-01-01

    Full Text Available El cultivo de nogal pecanero (Carya illinoensis es actualmente uno de los de mayor rentabilidad en el norte de México. En la región conocida como la Comarca Lagunera que comprende parte de los estados de Coahuila y Durango se han reportado diversos desbalances nutrimentales que afectan el rendimiento y productividad de este cultivo. Este estudio fue desarrollado para determinar las normas de diagnóstico de nutrimento compuesto (DNC y para estudiar las interacciones entre nutrimentos de dicho cultivo. A través de la metodología de DNC se determinó el valor mínimo de alto rendimiento de fruto maduro, así como los rangos de macronutrimentos (N, P, K, Ca y Mg óptimos correspondientes en el tejido foliar, los cuales son llamados normas nutrimentales. Estas normas se definieron considerando un valor de rendimiento mínimo de 1.39 t·ha-1 en este cultivo. Los análisis de componentes principales, utilizando los índices de DNC, permitieron identificar las siguientes interacciones: positiva N-R y negativas N-Ca, K-Mg y P-Ca.

  16. Volatility in GARCH Models of Business Tendency Index

    Science.gov (United States)

    Wahyuni, Dwi A. S.; Wage, Sutarman; Hartono, Ateng

    2018-01-01

    This paper aims to obtain a model of business tendency index by considering volatility factor. Volatility factor detected by ARCH (Autoregressive Conditional Heteroscedasticity). The ARCH checking was performed using the Lagrange multiplier test. The modeling is Generalized Autoregressive Conditional Heteroscedasticity (GARCH) are able to overcome volatility problems by incorporating past residual elements and residual variants.

  17. 40 CFR 53.66 - Test procedure: Volatility test.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 5 2010-07-01 2010-07-01 false Test procedure: Volatility test. 53.66... Characteristics of Class II Equivalent Methods for PM2.5 § 53.66 Test procedure: Volatility test. (a) Overview. This test is designed to ensure that the candidate method's losses due to volatility when sampling semi...

  18. Volatile compounds in noni (Morinda citrifolia L. at two ripening stages Compostos voláteis em noni (Morinda citrifolia L. em dois estágios de maturação

    Directory of Open Access Journals (Sweden)

    Jorge Antonio Pino

    2010-03-01

    Full Text Available The volatile components of noni at two ripening stages were isolated by headspace solid-phase microextraction using 65 µm Polydimethylsiloxane-Divinylbenzene (PDMS/DVB fibers and analyzed using GC/MS. Both maturation stages had several compounds in common. Ninety-six compounds were identified, from which octanoic acid ( 70% of total extract and hexanoic acid ( 8% of total extract were found to be the major constituents. Due to noni maturation, octanoic acid, decanoic acid and 2E-nonenal decreased their concentrations, while some esters (methyl hexanoate, methyl octanoate, ethyl octanoate and methyl 4E-decenoate, which their fruity odor notes, increased their contents. Two unsaturated esters, reported for the first time in this fruit, 3-methyl-3-buten-1-yl hexanoate and 3-methyl-3-buten-1-yl octanoate, significantly decreased their concentration in the ripe to over-ripe fruits.Los compuestos volátiles del noni en los dos estados de madurez se aislaron mediante microextracción en fase sólida por headspace con fibras de 65 mm Polidimetilsiloxano-Divinilbenceno (PDMS/DVB y se analizaron por cromatografía de gases/espectrometría de masas. Ambos estados de madurez poseen numerosos constituyentes en común. Se identificaron 96 compuestos, de los cuales el ácido octanoico ( 70% del extracto total y ácido hexanoico ( 8% del extracto total fueron los componentes mayoritarios. Debido a la maduración del noni, el ácido octanoico, ácido decanoico y 2E-nonenal disminuyeron su contenido, mientras que algunos ésteres (hexanoato de metilo, octanoato de metilo, octanoato de etilo y 4E-decenoato de metilo, con sus olororosas notas frutales, incrementaron la concentración. Dos ésteres insaturados, reportados por primera vez en esta fruta, hexanoato de 3-metil-3-buten-1-ilo y octanoato de 3-metil-3-buten-1-ilo, disminuyeron significativamente su concentración al pasar la fruta del estado maduro al sobremaduro.

  19. Does NVIX matter for market volatility? Evidence from Asia-Pacific markets

    Science.gov (United States)

    Su, Zhi; Fang, Tong; Yin, Libo

    2018-02-01

    Forecasting financial market volatility is an important issue in the area of econophysics, and revealing the determinants of the market volatility has drawn much attentions of the academics. In order to better predict market volatilities, we use news-based implied volatility (NVIX) to measure uncertainty, and examine the predictive power of NVIX on the stock market volatility in both long and short-term among Asia-Pacific markets via GARCH-MIDAS model. We find that NVIX does not well explain long-term volatility variants in the full sample period, and it is positively associated with market volatility through a subsample analysis starting from the Financial Crisis. We also find that NVIX is more efficient in determining short-term volatility than the long-term volatility, indicating that the impact of NVIX is short-lived and information that investors concern could be quickly reflected in the stock market volatilities.

  20. Long memory and tail dependence in trading volume and volatility

    DEFF Research Database (Denmark)

    Rossi, Eduardo; Santucci de Magistris, Paolo

    2013-01-01

    We investigate the relationship between volatility, measured by realized volatility, and trading volume for 25 NYSE stocks. We show that volume and volatility are long memory but not fractionally cointegrated in most cases. We also find right tail dependence in the volatility and volume innovations...

  1. Pyrolysis and volatilization of cocaine

    International Nuclear Information System (INIS)

    Martin, B.R.; Lue, L.P.; Boni, J.P.

    1989-01-01

    The increasing popularity of inhaling cocaine vapor prompted the present study, to determine cocaine's fate during this process. The free base of [3H]cocaine (1 microCi/50 mg) was added to a glass pipe, which was then heated in a furnace to simulate freebasing. Negative pressure was used to draw the vapor through a series of glass wool, ethanol, acidic, and basic traps. Air flow rate and temperature were found to have profound effects on the volatilization and pyrolysis of cocaine. At a temperature of 260 degrees C and a flow rate of 400 mL/min, 37% of the radioactivity remained in the pipe, 39% was found in the glass wool trap, and less than 1% in the remainder of the volatilization apparatus after a 10-min volatilization. Reducing the air flow rate to 100 mL/min reduced the amount of radioactivity collected in the glass wool trap to less than 10% of the starting material and increased the amount that remained in the pipe to 58%. GC/MS analysis of the contents of the glass wool trap after volatilization at 260 degrees C and a flow rate of 400 mL/min revealed that 60% of the cocaine remained intact, while approximately 6 and 2% of the starting material was recovered as benzoic acid and methylecgonidine, respectively. As the temperature was increased to 650 degrees C, benzoic acid and methylecgonidine accounted for 83 and 89% of the starting material, respectively, whereas only 2% of the cocaine remained intact. Quantitation of cocaine in the vapor during the course of volatilization revealed high concentrations during the first two min and low concentrations for the remaining time

  2. Study on off-odor volatiles of irradiated packaged raw pork

    International Nuclear Information System (INIS)

    Lin Ruotai; Geng Shengrong; Liu Yangmin

    2008-01-01

    Analysing the compositions of off-odor volatiles in irradiated refrigerated vacuum-packaged pork and research on its origin. First, the off-odor volatiles were collected by a cooled via in liquid nitrogen, then the main composition of off-odor volatiles were analyzed by gas chromatograph mass spectrometry (GC-MS). The main composition of off-odor volatiles are dimethyl disulfide, dimethyl sulfide, dimethyl trisulfide, methanethiol and S-methyl thioacetate. The off-odor volatiles come from irradiated cystine, methionine and VB1. The main composition of off-odor volatiles are S-containing compounds from irradiated S-containing amino acid and VB1

  3. Sodium channels as targets for volatile anesthetics

    Directory of Open Access Journals (Sweden)

    Karl F. Herold

    2012-03-01

    Full Text Available The molecular mechanisms of modern inhaled anesthetics although widely used in clinical settings are still poorly understood. Considerable evidence supports effects on membrane proteins such as ligand- and voltage-gated ion channels of excitable cells. Na+ channels are crucial to action potential initiation and propagation, and represent potential targets for volatile anesthetics. Inhibition of presynaptic Na+ channels leads to reduced neurotransmitter release at the synapse and could therefore contribute to the mechanisms by which volatile anesthetics produce their characteristic effects: amnesia, unconsciousness, and immobility. Early studies on crayfish and squid giant axon showed inhibition of Na+ currents by volatile anesthetics. Subsequent studies using native neuronal preparations and heterologous expression systems with various mammalian Na+ channel isoforms implicated inhibition of presynaptic Na+ channels in anesthetic actions. Volatile anesthetics reduce peak Na+ current and shift the voltage of half-maximal steady-state inactivation towards more negative potentials, thus stabilizing the fast-inactivated state. Furthermore recovery from fast-inactivation is slowed together with an enhanced use-dependent block during pulse train protocols. These effects can reduce neurotransmitter release by depressing presynaptic excitability, depolarization and Ca entry, and ultimately transmitter release. This reduction in transmitter release is more portent for glutamatergic vs. GABAergic terminals. Involvement of Na+ channel inhibition in mediating the immobility caused by volatile anesthetics has been demonstrated in animal studies, in which intrathecal infusion of the Na+ channel blocker tetrodotoxin increases volatile anesthetic potency, whereas infusion of the Na+ channels agonist veratridine reduces anesthetic potency. These studies indicate that inhibition of presynaptic Na+ channels by volatile anesthetics is involved in mediating some of

  4. Can Internet search queries help to predict stock market volatility?

    OpenAIRE

    Dimpfl, Thomas; Jank, Stephan

    2011-01-01

    This paper studies the dynamics of stock market volatility and retail investor attention measured by internet search queries. We find a strong co-movement of stock market indices’ realized volatility and the search queries for their names. Furthermore, Granger causality is bi-directional: high searches follow high volatility, and high volatility follows high searches. Using the latter feedback effect to predict volatility we find that search queries contain additional information about market...

  5. Modelling of volatility in monetary transmission mechanism

    Energy Technology Data Exchange (ETDEWEB)

    Dobešová, Anna; Klepáč, Václav; Kolman, Pavel [Department of Statistics and Operation Analysis, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 61300, Brno (Czech Republic); Bednářová, Petra [Institute of Technology and Business, Okružní 517/10, 370 01, České Budějovice (Czech Republic)

    2015-03-10

    The aim of this paper is to compare different approaches to modeling of volatility in monetary transmission mechanism. For this purpose we built time-varying parameter VAR (TVP-VAR) model with stochastic volatility and VAR-DCC-GARCH model with conditional variance. The data from three European countries are included in the analysis: the Czech Republic, Germany and Slovakia. Results show that VAR-DCC-GARCH system captures higher volatility of observed variables but main trends and detected breaks are generally identical in both approaches.

  6. Modelling of volatility in monetary transmission mechanism

    International Nuclear Information System (INIS)

    Dobešová, Anna; Klepáč, Václav; Kolman, Pavel; Bednářová, Petra

    2015-01-01

    The aim of this paper is to compare different approaches to modeling of volatility in monetary transmission mechanism. For this purpose we built time-varying parameter VAR (TVP-VAR) model with stochastic volatility and VAR-DCC-GARCH model with conditional variance. The data from three European countries are included in the analysis: the Czech Republic, Germany and Slovakia. Results show that VAR-DCC-GARCH system captures higher volatility of observed variables but main trends and detected breaks are generally identical in both approaches

  7. Arsenic volatilization in model anaerobic biogas digesters

    International Nuclear Information System (INIS)

    Mestrot, Adrien; Xie, Wan-Ying; Xue, Ximei; Zhu, Yong-Guan

    2013-01-01

    Highlights: • Arsenic is volatilized form all model anaerobic digesters, including the non-treated ones. • Volatile As species can be identified and quantified in all digesters. • Non-arsenic treated digesters volatilization rates are higher than Roxarsone treated ones. - Abstract: Arsenic is a class 1 non-threshold carcinogen which is highly ubiquitous. Arsenic undergoes many different transformations (biotic or abiotic) between and within environmental compartments, leading to a number of different chemical species possessing different properties and toxicities. One specific transformation is As biotic volatilization which is coupled with As biomethylation and has been scarcely studied due to inherent sampling issues. Arsenic methylation/volatilization is also linked with methanogenesis and occurs in anaerobic environments. In China, rice straw and animal manure are very often used to produce biogas and both can contain high amounts of As, especially if the rice is grown in areas with heavy mining or smelting industries and if Roxarsone is fed to the animals. Roxarsone is an As-containing drug which is widely used in China to control coccidian intestinal parasites, to improve feed efficiency and to promote rapid growth. Previous work has shown that this compound degrades to inorganic As under anaerobic conditions. In this study the focus is on biotic transformations of As in small microcosms designed as biogas digester models (BDMs) using recently validated As traps, thus, enabling direct quantification and identification of volatile As species. It is shown that although there was a loss of soluble As in the BDMs, their conditions favored biomethylation. All reactors produced volatile As, especially the monomethylarsonic acid spiked ones with 413 ± 148 ng As (mean ± SD, n = 3) which suggest that the first methylation step, from inorganic As, is a limiting factor. The most abundant species was trimethylarsine, but the toxic arsine was present in the

  8. Factor Structure in Commodity Futures Return and Volatility

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Lunde, Asger; Olesen, Kasper Vinther

    Using data on more than 750 million futures trades during 2004-2013, we analyze eight stylized facts of commodity price and volatility dynamics in the post financialization period. We pay particular attention to the factor structure in returns and volatility and to commodity market integration...... with the equity market. We find evidence of a factor structure in daily commodity futures returns. However, the factor structure in daily commodity futures volatility is even stronger than in returns. When computing model-free realized commodity betas with the stock market we find that they were high during 2008......-2010 but have since returned to the pre-crisis level close to zero. The common factor in commodity volatility is nevertheless clearly related to stock market volatility. We conclude that, while commodity markets appear to again be segmented from the equity market when only returns are considered, commodity...

  9. Hammerstein system represention of financial volatility processes

    Science.gov (United States)

    Capobianco, E.

    2002-05-01

    We show new modeling aspects of stock return volatility processes, by first representing them through Hammerstein Systems, and by then approximating the observed and transformed dynamics with wavelet-based atomic dictionaries. We thus propose an hybrid statistical methodology for volatility approximation and non-parametric estimation, and aim to use the information embedded in a bank of volatility sources obtained by decomposing the observed signal with multiresolution techniques. Scale dependent information refers both to market activity inherent to different temporally aggregated trading horizons, and to a variable degree of sparsity in representing the signal. A decomposition of the expansion coefficients in least dependent coordinates is then implemented through Independent Component Analysis. Based on the described steps, the features of volatility can be more effectively detected through global and greedy algorithms.

  10. Propiedades mecánicas de materiales compuestos de matriz de aluminio reforzados con intermetálicos

    Directory of Open Access Journals (Sweden)

    Torres, B.

    2001-04-01

    Full Text Available In this work 2124 aluminium matrix composites reinforced with Ni3Al, NiAl, MoSiO2 and Cr3Si intermetallic powder particles have been investigated. For comparision purposes, unreinforced 2124 and reinforced with SiC have also been studied. In all cases, the same powder metallurgy route was used, i.e. the 2124 alloy was obtained by rapid solidification and the intermetallic particles by self-propagating high-temperature synthesis (SHS. The matrix and the intermetallics were mechanically blended, cold compacted and finally hot extruded. Tensile tests were carried out in T1 and T4 treatments. Results indicate that mechanical properties depend strongly on the tendence to form new phases at the matrixintermetallic interface during procesing and/or futher thermal treatments. The materials which present better properties are those that present less reaction between matrix and intermetallic reinforcement, i.e. MoSiO2 and SiC reinforced composites.

    En este trabajo se estudia el comportamiento mecánico de varios materiales compuestos de matriz de aluminio 2124 reforzados con partículas de los intermetálicos, Ni3Al, NiAl, MoSiO2 y Cr3Si. Los resultados obtenidos se comparan con la aleación 2124 monolítica y con esa misma aleación reforzada con partículas del cerámico SiC. En todos los casos, se sigue la misma ruta de procesado pulvimetalúrgico a partir de polvos rápidamente solidificados, en el caso de la aleación 2124, y de la molienda mecánica de un tocho obtenido por síntesis autopropagada a temperatura elevada (SHS, para el refuerzo intermetálico. Matriz y reforzante se mezclan, mecánicamente, para, a continuación, compactar uniaxialmente en frío, procediéndose, finalmente, a la consolidación por extrusión. Las propiedades mecánicas se estudian mediante ensayos de tracción en estado T1 y T4. Los resultados obtenidos indican que las propiedades mec

  11. El modelo v.s.p. en lechuga batavia lactuca sativa var. capitata l. y respuesta de dos variedades a las aplicaciones de compuestos orgánicos

    OpenAIRE

    Vélez M., José F.; Garzón, José L.; Bruzón C., Serapio F.

    2010-01-01

    En el Corregimiento Pavitas, municipio de La Cumbre, en la Finca Santafé, a 1.480 msnm en un suelo de la Asociación Pavas (Aeric Tropaquept) se probó el modelo vaso-sustrato-planta (VSP), en la producción de plántulas de lechuga Batavia L. sativa var. capitata y el efecto en la producción de los compuestos orgánicos, cachaza, lombricompuesto, gallinaza y bovinaza, incorporados al suelo. Los 22 tratamientos con cuatro repeticiones, repartidos en dos variedades (Great Lake 118 y Pacific) corres...

  12. Estudio de la protección del refuerzo de partículas de SiC mediante barreras activas por sol-gel en materiales compuestos de matriz de aluminio

    Directory of Open Access Journals (Sweden)

    Ureña, A.

    2004-04-01

    Full Text Available A microcrystalline, homogeneous and transparent sol – gel silica coating has been developed to avoid the degradation and improve the wettability of aluminium matrix composites reinforced with SiC particles. Composite aluminium matrix samples have been made by cold powder compaction, and the coating efficiency has been checked by melting the samples several temperature and times. The coating reduces the appearance of Al4C3, showing that the degradation resistance of the new material is much higher than that of the uncovered SiC particles composite one.

    Con objeto de prevenir la degradación y mejorar la mojabilidad de los materiales compuestos de matriz de aluminio reforzados con partículas de SiC se ha desarrollado un recubrimiento microcristalino, homogéneo y transparente de SiO2 obtenido por el método sol-gel. La eficacia del recubrimiento como barrera se ha comprobado realizando ensayos de fusión a diferentes tiempos y temperaturas sobre pastillas de material compuesto de matriz de aluminio obtenidas por compactación en frío de polvos. El recubrimiento limita la formación de Al4C3, lo que indica que la resistencia a la degradación del nuevo material es muy superior a la del fabricado con partículas de SiC sin recubrir.

  13. Degradación de los módulos elásticos transversal y de cortadura en materiales compuestos con refuerzo de fibra continua de carbono sometidos a fatiga

    Directory of Open Access Journals (Sweden)

    Revuelta, D.

    2004-04-01

    Full Text Available Fatigue failure in continuous fiber composite materials is caused in first place by matrix cracks that propagate along the fiber direction. It is expected that the defined crack orientation produced an anisotropic degradation of the laminate elastic properties. This work characterizes the degradation suffered by the transverse elastic modulus of a graphite-epoxy laminate subjected to fatigue loads, concluding that the elastic modulus changes drastically from a determined damage threshold, decaying according to a quadratic law.

    La rotura a fatiga en materiales compuestos con refuerzo de fibra continua es debida en primera instancia a la aparición de grietas en la matriz que se propagan en la dirección paralela a la fibra. Es de esperar que la orientación definida de estas grietas produzca una degradación anisótropa de las propiedades elásticas de la lámina. Este trabajo caracteriza la degradación que experimenta el módulo elástico en la dirección perpendicular a la fibra de un material compuesto grafito-epoxi sometido a cargas de fatiga, hallándose que el módulo elástico sufre cambios drásticos a partir de un determinado umbral de daño, y decayendo a partir de ese punto según una ley cuadrática.

  14. Large deviations and stochastic volatility with jumps: asymptotic implied volatility for affine models

    OpenAIRE

    Antoine Jacquier; Martin Keller-Ressel; Aleksandar Mijatovic

    2011-01-01

    Let $\\sigma_t(x)$ denote the implied volatility at maturity $t$ for a strike $K=S_0 e^{xt}$, where $x\\in\\bbR$ and $S_0$ is the current value of the underlying. We show that $\\sigma_t(x)$ has a uniform (in $x$) limit as maturity $t$ tends to infinity, given by the formula $\\sigma_\\infty(x)=\\sqrt{2}(h^*(x)^{1/2}+(h^*(x)-x)^{1/2})$, for $x$ in some compact neighbourhood of zero in the class of affine stochastic volatility models. The function $h^*$ is the convex dual of the limiting cumulant gen...

  15. A Fractionally Integrated Wishart Stochastic Volatility Model

    NARCIS (Netherlands)

    M. Asai (Manabu); M.J. McAleer (Michael)

    2013-01-01

    textabstractThere has recently been growing interest in modeling and estimating alternative continuous time multivariate stochastic volatility models. We propose a continuous time fractionally integrated Wishart stochastic volatility (FIWSV) process. We derive the conditional Laplace transform of

  16. The volatility of stock market prices.

    Science.gov (United States)

    Shiller, R J

    1987-01-02

    If the volatility of stock market prices is to be understood in terms of the efficient markets hypothesis, then there should be evidence that true investment value changes through time sufficiently to justify the price changes. Three indicators of change in true investment value of the aggregate stock market in the United States from 1871 to 1986 are considered: changes in dividends, in real interest rates, and in a direct measure of intertemporal marginal rates of substitution. Although there are some ambiguities in interpreting the evidence, dividend changes appear to contribute very little toward justifying the observed historical volatility of stock prices. The other indicators contribute some, but still most of the volatility of stock market prices appears unexplained.

  17. Can Equity Volatility Explain the Global Loan Pricing Puzzle?

    OpenAIRE

    Lewis Gaul; Pinar Uysal

    2013-01-01

    This paper examines whether unobservable differences in firm volatility are responsible for the global loan pricing puzzle, which is the observation that corporate loan interest rates appear to be lower in Europe than in the United States. We analyze whether equity volatility, an error prone measure of firm volatility, can explain this difference in loan spreads. We show that using equity volatility in OLS regressions will result in biased and inconsistent estimates of the difference in U.S. ...

  18. Stock Market Volatility: Examining North America, Europe and Asia

    OpenAIRE

    Gamini Premaratne; Lakshmi Bala

    2004-01-01

    An understanding of volatility in stock markets is important for determining the cost of capital and for assessing investment and leverage decisions as volatility is synonymous with risk. Substantial changes in volatility of financial markets are capable of having significant negative effects on risk averse investors. Using daily returns from 1992 to 2002, we investigate volatility co-movement between the Singapore stock market and the markets of US, UK, Hong Kong and Japan. In order to gauge...

  19. Multiscaling and clustering of volatility

    Science.gov (United States)

    Pasquini, Michele; Serva, Maurizio

    1999-07-01

    The dynamics of prices in stock markets has been studied intensively both experimentally (data analysis) and theoretically (models). Nevertheless, while the distribution of returns of the most important indices is known to be a truncated Lévy, the behaviour of volatility correlations is still poorly understood. What is well known is that absolute returns have memory on a long time range, this phenomenon is known in financial literature as clustering of volatility. In this paper we show that volatility correlations are power laws with a non-unique scaling exponent. This kind of multiscale phenomenology is known to be relevant in fully developed turbulence and in disordered systems and it is pointed out here for the first time for a financial series. In our study we consider the New York Stock Exchange (NYSE) daily index, from January 1966 to June 1998, for a total of 8180 working days.

  20. Volatile compounds in meat and meat products

    Directory of Open Access Journals (Sweden)

    Monika KOSOWSKA

    Full Text Available Abstract Meaty flavor is composed of a few hundreds of volatile compounds, only minor part of which are responsible for the characteristic odor. It is developed as a result of multi-directional reactions proceeding between non-volatile precursors contained in raw meat under the influence of temperature. The volatile compounds are generated upon: Maillard reactions, lipid oxidation, interactions between Maillard reaction products and lipid oxidation products as well as upon thiamine degradation. The developed flavor is determined by many factors associated with: raw material (breed, sex, diet and age of animal, conditions and process of slaughter, duration and conditions of meat storage, type of muscle, additives applied and the course of the technological process. The objective of this review article is to draw attention to the issue of volatile compounds characteristic for meat products and factors that affect their synthesis.

  1. Does Interest rate Exposure explain the Low-Volatility Anomaly?

    NARCIS (Netherlands)

    Driessen, Joost; Kuiper, Ivo; Beilo, R.

    We show that part of the outperformance of low-volatility stocks can be explained by a premium for interest rate exposure. Low-volatility stock portfolios have negative exposure to interest rates, whereas the more volatile stocks have positive exposure. Incorporating an interest rate premium

  2. Oil prices and financial stress: A volatility spillover analysis

    International Nuclear Information System (INIS)

    Nazlioglu, Saban; Soytas, Ugur; Gupta, Rangan

    2015-01-01

    This paper examines whether there is a volatility transmission between oil prices and financial stress by means of the volatility spillover test. We employ WTI crude oil prices and Cleveland financial stress index for the period 1991–2014 and divide the sample into pre-crisis, in-crisis, and post-crisis periods due to the downward trend in oil price in 2008. The volatility model estimations indicate that oil prices and financial stress index are dominated by long-run volatility. The volatility spillover causality test supports evidence on risk transfer from oil prices to financial stress before the crisis and from financial stress to oil prices after the crisis. The impulse response analysis shows that the volatility transmission pattern has similar dynamics before and after the crisis and is characterized by higher and long-lived effects during the crisis. Our results have implications for both policy makers and investors, and for future work. -- Highlights: •Volatility spillover between oil prices and financial stress index is examined. •Analysis is conducted for sub-periods: pre-crisis, in-crisis, and post-crisis •Oil prices spill on financial stress before the crisis, but spillover reversed after the crisis. •Volatility transmission pattern has similar dynamics before and after the crisis. •Implications for investors and policy makers are discussed

  3. Silicon isotopes in angrites and volatile loss in planetesimals

    Science.gov (United States)

    Moynier, Frédéric; Savage, Paul S.; Badro, James; Barrat, Jean-Alix

    2014-01-01

    Inner solar system bodies, including the Earth, Moon, and asteroids, are depleted in volatile elements relative to chondrites. Hypotheses for this volatile element depletion include incomplete condensation from the solar nebula and volatile loss during energetic impacts. These processes are expected to each produce characteristic stable isotope signatures. However, processes of planetary differentiation may also modify the isotopic composition of geochemical reservoirs. Angrites are rare meteorites that crystallized only a few million years after calcium–aluminum-rich inclusions and exhibit extreme depletions in volatile elements relative to chondrites, making them ideal samples with which to study volatile element depletion in the early solar system. Here we present high-precision Si isotope data that show angrites are enriched in the heavy isotopes of Si relative to chondritic meteorites by 50–100 ppm/amu. Silicon is sufficiently volatile such that it may be isotopically fractionated during incomplete condensation or evaporative mass loss, but theoretical calculations and experimental results also predict isotope fractionation under specific conditions of metal–silicate differentiation. We show that the Si isotope composition of angrites cannot be explained by any plausible core formation scenario, but rather reflects isotope fractionation during impact-induced evaporation. Our results indicate planetesimals initially formed from volatile-rich material and were subsequently depleted in volatile elements during accretion. PMID:25404309

  4. Herbivory by a Phloem-feeding insect inhibits floral volatile production.

    Science.gov (United States)

    Pareja, Martin; Qvarfordt, Erika; Webster, Ben; Mayon, Patrick; Pickett, John; Birkett, Michael; Glinwood, Robert

    2012-01-01

    There is extensive knowledge on the effects of insect herbivory on volatile emission from vegetative tissue, but little is known about its impact on floral volatiles. We show that herbivory by phloem-feeding aphids inhibits floral volatile emission in white mustard Sinapis alba measured by gas chromatographic analysis of headspace volatiles. The effect of the Brassica specialist aphid Lipaphis erysimi was stronger than the generalist aphid Myzus persicae and feeding by chewing larvae of the moth Plutella xylostella caused no reduction in floral volatile emission. Field observations showed no effect of L. erysimi-mediated floral volatile emission on the total number of flower visits by pollinators. Olfactory bioassays suggested that although two aphid natural enemies could detect aphid inhibition of floral volatiles, their olfactory orientation to infested plants was not disrupted. This is the first demonstration that phloem-feeding herbivory can affect floral volatile emission, and that the outcome of interaction between herbivory and floral chemistry may differ depending on the herbivore's feeding mode and degree of specialisation. The findings provide new insights into interactions between insect herbivores and plant chemistry.

  5. Volatile element trends in gas-rich meteorites

    Energy Technology Data Exchange (ETDEWEB)

    Bart, G; Lipschutz, M E [Purdue Univ., Lafayette, IN (USA). Dept. of Chemistry

    1979-09-01

    Study of 10 volatile elements (and non-volatile Co) in co-existing light and dark portions of 5 gas-rich chondrites indicates patterns of distinct but non-uniform enrichment of volatile elements. Only Cs is enriched in all samples; Bi and Tl enrichments covary. The observed enrichments are inconsistent with prior suggestions of admixture of C1 or C2 chondritic matter, whether pristine or partly devolatilized, but suggest that both light and dark portions of each chondrite represents a compositionally more extended sampling of parental nebular material than hitherto known.

  6. Characterisation of selected volatile organic compounds in ...

    African Journals Online (AJOL)

    GCMS), was used to identify volatile compounds at three different temperatures. Fifty volatile compounds, inclusive of 14 acids, 14 alcohols, and 22 esters were identified and quantified in the two brands of indigenous banana beer samples. Only 12 ...

  7. Volatility of an Indian stock market: A random matrix approach

    International Nuclear Information System (INIS)

    Kulkarni, V.; Deo, N.

    2006-07-01

    We examine volatility of an Indian stock market in terms of aspects like participation, synchronization of stocks and quantification of volatility using the random matrix approach. Volatility pattern of the market is found using the BSE index for the three-year period 2000- 2002. Random matrix analysis is carried out using daily returns of 70 stocks for several time windows of 85 days in 2001 to (i) do a brief comparative analysis with statistics of eigenvalues and eigenvectors of the matrix C of correlations between price fluctuations, in time regimes of different volatilities. While a bulk of eigenvalues falls within RMT bounds in all the time periods, we see that the largest (deviating) eigenvalue correlates well with the volatility of the index, the corresponding eigenvector clearly shows a shift in the distribution of its components from volatile to less volatile periods and verifies the qualitative association between participation and volatility (ii) observe that the Inverse participation ratio for the last eigenvector is sensitive to market fluctuations (the two quantities are observed to anti correlate significantly) (iii) set up a variability index, V whose temporal evolution is found to be significantly correlated with the volatility of the overall market index. MIRAMAR (author)

  8. The memory of volatility

    Directory of Open Access Journals (Sweden)

    Kai R. Wenger

    2018-03-01

    Full Text Available The focus of the volatility literature on forecasting and the predominance of theconceptually simpler HAR model over long memory stochastic volatility models has led to the factthat the actual degree of memory estimates has rarely been considered. Estimates in the literaturerange roughly between 0.4 and 0.6 - that is from the higher stationary to the lower non-stationaryregion. This difference, however, has important practical implications - such as the existence or nonexistenceof the fourth moment of the return distribution. Inference on the memory order is complicatedby the presence of measurement error in realized volatility and the potential of spurious long memory.In this paper we provide a comprehensive analysis of the memory in variances of international stockindices and exchange rates. On the one hand, we find that the variance of exchange rates is subject tospurious long memory and the true memory parameter is in the higher stationary range. Stock indexvariances, on the other hand, are free of low frequency contaminations and the memory is in the lowernon-stationary range. These results are obtained using state of the art local Whittle methods that allowconsistent estimation in presence of perturbations or low frequency contaminations.

  9. Volatile organic carbon/air separation test using gas membranes

    International Nuclear Information System (INIS)

    King, C.V.; Kaschemekat, J.

    1993-08-01

    An estimated 900 metric tons of carbon tetrachloride were discharged to soil columns during the Plutonium Finishing Plant Operations at the Hanford Site. The largest percentage of this volatile organic compound was found in the vadose region of the 200 West Area. Using a Vacuum Extraction System, the volatile organic compound was drawn from the soil in an air mixture at a concentration of about 1,000 parts per million. The volatile organic compounds were absorbed from the air stream using granulated activated carbon canisters. A gas membrane separation system, developed by Membrane Technology and Research, Inc., was tested at the Vacuum Extraction System site to determine if the volatile organic compound load on the granulated activated carbon could be reduced. The Vacuum Extraction System condensed most of the volatile organic compound into liquid carbon tetrachloride and vented the residual gas stream into the granulated activated carbon. This system reduced the cost of operation about $5/kilogram of volatile organic compound removed

  10. Changing volatility of U.S. annual tornado reports

    Science.gov (United States)

    Tippett, Michael K.

    2014-10-01

    United States (U.S.) tornado activity results in substantial loss of life and property damage each year. A simple measure of the U.S. tornado climatology is the average number of tornadoes per year. However, even this statistic is elusive because of nonstationary behavior due in large part to changes in reporting practices. Differencing of the annual report data results in a quantity without mean trends and whose standard deviation we denote as volatility, since it is an indication of the likely year-to-year variation in the number of tornadoes reported. While volatility changes detected prior to 2000 can be associated with known reporting practice changes, an increase in volatility in the 2000s across intensity levels cannot. A volatility increase is also seen in a tornado environment index which measures the favorability of atmospheric conditions to tornado activity, providing evidence that the recent increase in tornado report volatility is related to the physical environment.

  11. Mutual fund volatility timing and management fees

    NARCIS (Netherlands)

    Giambona, E.; Golec, J.

    2009-01-01

    This paper shows that compensation incentives partly drive fund managers’ market volatility timing strategies. Larger incentive management fees lead to less counter-cyclical or more pro-cyclical volatility timing. But fund styles or aggregate fund flows could also account for this relation;

  12. Volatility jumps and their economic determinants

    DEFF Research Database (Denmark)

    Caporin, Massimiliano; Rossi, Eduardo; Santucci de Magistris, Paolo

    that there is a positive probability of jumps in volatility. A common factor in the volatility jumps is shown to be related to a set of financial covariates (such as variance risk premium, S&P500 volume, credit-default swap, and federal fund rates). The credit-default swap on US banks and variance risk premium have...... predictive power on expected jump moves, thus confirming the common interpretation that sudden and large increases in equity volatility can be anticipated by credit deterioration of the US bank sector as well as changes in the market expectations of future risks. Finally, the model is extended to incorporate...... the credit-default swap and the variance risk premium in the dynamics of the jump size and intensity....

  13. Volatilization of gasoline from soil

    International Nuclear Information System (INIS)

    Arthus, P.

    1993-05-01

    Gasoline contaminated soil threatens water resources and air quality. The extent of the threat depends on gasoline behavior in soil, which is affected by various mechanisms such as volatilization. To quantify volatilization, gasoline spills were simulated in the laboratory using a synthetic gasoline and three dry soils. Total gasoline and individual gasoline compound concentrations in soil were monitored as a function of depth and time. The time to reduce overall gasoline concentration in coarse sand, sandy loam, and silt loam to 40% of initial concentration, averaged between surface and a 200-mm depth, ranged from 0.25 d to 10 d. A wicking phenomenon which contributed to gasoline flux toward the atmosphere was indicated by behavior of a low-volatility gasoline compound. Based on separate wicking experiments, this bulk immiscible movement was estimated at an upward velocity of 0.09 m/d for Delhi sandy loam and 0.05 m/d for Elora silt loam. 70 refs., 24 figs., 34 tabs

  14. Stock price dynamics and option valuations under volatility feedback effect

    Science.gov (United States)

    Kanniainen, Juho; Piché, Robert

    2013-02-01

    According to the volatility feedback effect, an unexpected increase in squared volatility leads to an immediate decline in the price-dividend ratio. In this paper, we consider the properties of stock price dynamics and option valuations under the volatility feedback effect by modeling the joint dynamics of stock price, dividends, and volatility in continuous time. Most importantly, our model predicts the negative effect of an increase in squared return volatility on the value of deep-in-the-money call options and, furthermore, attempts to explain the volatility puzzle. We theoretically demonstrate a mechanism by which the market price of diffusion return risk, or an equity risk-premium, affects option prices and empirically illustrate how to identify that mechanism using forward-looking information on option contracts. Our theoretical and empirical results support the relevance of the volatility feedback effect. Overall, the results indicate that the prevailing practice of ignoring the time-varying dividend yield in option pricing can lead to oversimplification of the stock market dynamics.

  15. Hedging electricity price volatility using nuclear power

    International Nuclear Information System (INIS)

    Mari, Carlo

    2014-01-01

    Highlights: • Nuclear power is an important asset to reduce the volatility of electricity prices. • Unpredictability of fossil fuels and carbon prices makes power prices very volatile. • The dynamics of fossil fuels and carbon prices is described by Brownian motions. • LCOE values, volatilities and correlations are obtained via Monte Carlo simulations. • Optimal portfolios of generating technologies are get using a mean–variance approach. - Abstract: The analysis presented in this paper aims to put in some evidence the role of nuclear power as hedging asset against the volatility of electricity prices. The unpredictability of natural gas and coal market prices as well as the uncertainty in environmental policies may affect power generating costs, thus enhancing volatility in electricity market prices. The nuclear option, allowing to generate electricity without carbon emissions, offers the possibility to reduce the volatility of electricity prices through optimal diversification of power generating technologies. This paper provides a methodological scheme to plan well diversified “portfolios” of generating capacity that minimize the electricity price risk induced by random movements of fossil fuels market prices and by unpredictable fluctuations of carbon credits prices. The analysis is developed within a stochastic environment in which the dynamics of fuel prices as well as the dynamics of carbon credits prices is assumed to evolve in time according to well defined Brownian processes. Starting from market data and using Monte Carlo techniques to simulate generating cost values, the hedging argument is developed by selecting optimal portfolio of power generating technologies using a mean–variance approach

  16. Tabla de frecuencias y espectros de absorción infrarroja de compuestos relacionados con la química del cemento

    Directory of Open Access Journals (Sweden)

    Vázquez-Moreno, T.

    1981-06-01

    Full Text Available Not available

    En los núms. 175, 177 y 179 de esta Revista "Materiales de Construcción" se ha publicado un trabajo con el título "Aplicaciones prácticas de la espectroscopia de absorción infrarroja en el estudio de los crudos, del clinker y del cemento portland anhidro"; en él se decía textualmente que... "se dará, en forma de tablas las frecuencias y asignaciones correspondientes a los espectros IR tanto de los compuestos que se van estudiando como otros muchos que se consideran de interés. Asimismo se incluirán los respectivos espectros IR". A causa de la extensión y de las propias características del anexo, se consideró oportuno el publicarlo separadamente, incluso bajo un título más explicativo.

  17. Herbivory by a Phloem-feeding insect inhibits floral volatile production.

    Directory of Open Access Journals (Sweden)

    Martin Pareja

    Full Text Available There is extensive knowledge on the effects of insect herbivory on volatile emission from vegetative tissue, but little is known about its impact on floral volatiles. We show that herbivory by phloem-feeding aphids inhibits floral volatile emission in white mustard Sinapis alba measured by gas chromatographic analysis of headspace volatiles. The effect of the Brassica specialist aphid Lipaphis erysimi was stronger than the generalist aphid Myzus persicae and feeding by chewing larvae of the moth Plutella xylostella caused no reduction in floral volatile emission. Field observations showed no effect of L. erysimi-mediated floral volatile emission on the total number of flower visits by pollinators. Olfactory bioassays suggested that although two aphid natural enemies could detect aphid inhibition of floral volatiles, their olfactory orientation to infested plants was not disrupted. This is the first demonstration that phloem-feeding herbivory can affect floral volatile emission, and that the outcome of interaction between herbivory and floral chemistry may differ depending on the herbivore's feeding mode and degree of specialisation. The findings provide new insights into interactions between insect herbivores and plant chemistry.

  18. The volatile compound BinBase mass spectral database.

    Science.gov (United States)

    Skogerson, Kirsten; Wohlgemuth, Gert; Barupal, Dinesh K; Fiehn, Oliver

    2011-08-04

    Volatile compounds comprise diverse chemical groups with wide-ranging sources and functions. These compounds originate from major pathways of secondary metabolism in many organisms and play essential roles in chemical ecology in both plant and animal kingdoms. In past decades, sampling methods and instrumentation for the analysis of complex volatile mixtures have improved; however, design and implementation of database tools to process and store the complex datasets have lagged behind. The volatile compound BinBase (vocBinBase) is an automated peak annotation and database system developed for the analysis of GC-TOF-MS data derived from complex volatile mixtures. The vocBinBase DB is an extension of the previously reported metabolite BinBase software developed to track and identify derivatized metabolites. The BinBase algorithm uses deconvoluted spectra and peak metadata (retention index, unique ion, spectral similarity, peak signal-to-noise ratio, and peak purity) from the Leco ChromaTOF software, and annotates peaks using a multi-tiered filtering system with stringent thresholds. The vocBinBase algorithm assigns the identity of compounds existing in the database. Volatile compound assignments are supported by the Adams mass spectral-retention index library, which contains over 2,000 plant-derived volatile compounds. Novel molecules that are not found within vocBinBase are automatically added using strict mass spectral and experimental criteria. Users obtain fully annotated data sheets with quantitative information for all volatile compounds for studies that may consist of thousands of chromatograms. The vocBinBase database may also be queried across different studies, comprising currently 1,537 unique mass spectra generated from 1.7 million deconvoluted mass spectra of 3,435 samples (18 species). Mass spectra with retention indices and volatile profiles are available as free download under the CC-BY agreement (http://vocbinbase.fiehnlab.ucdavis.edu). The Bin

  19. The volatile compound BinBase mass spectral database

    Directory of Open Access Journals (Sweden)

    Barupal Dinesh K

    2011-08-01

    Full Text Available Abstract Background Volatile compounds comprise diverse chemical groups with wide-ranging sources and functions. These compounds originate from major pathways of secondary metabolism in many organisms and play essential roles in chemical ecology in both plant and animal kingdoms. In past decades, sampling methods and instrumentation for the analysis of complex volatile mixtures have improved; however, design and implementation of database tools to process and store the complex datasets have lagged behind. Description The volatile compound BinBase (vocBinBase is an automated peak annotation and database system developed for the analysis of GC-TOF-MS data derived from complex volatile mixtures. The vocBinBase DB is an extension of the previously reported metabolite BinBase software developed to track and identify derivatized metabolites. The BinBase algorithm uses deconvoluted spectra and peak metadata (retention index, unique ion, spectral similarity, peak signal-to-noise ratio, and peak purity from the Leco ChromaTOF software, and annotates peaks using a multi-tiered filtering system with stringent thresholds. The vocBinBase algorithm assigns the identity of compounds existing in the database. Volatile compound assignments are supported by the Adams mass spectral-retention index library, which contains over 2,000 plant-derived volatile compounds. Novel molecules that are not found within vocBinBase are automatically added using strict mass spectral and experimental criteria. Users obtain fully annotated data sheets with quantitative information for all volatile compounds for studies that may consist of thousands of chromatograms. The vocBinBase database may also be queried across different studies, comprising currently 1,537 unique mass spectra generated from 1.7 million deconvoluted mass spectra of 3,435 samples (18 species. Mass spectra with retention indices and volatile profiles are available as free download under the CC-BY agreement (http

  20. Capital mobility and macroeconomic volatility: evidence from Greece

    OpenAIRE

    Anastasios, Pappas

    2010-01-01

    This paper focuses on the impact of full capital account liberalization on macroeconomic volatility in Greece. According to the standard neoclassical model, such liberalization is to be desired because, among other advantages, it may reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy is investigated by applying a simple three-month rolling standard deviation of real GDP growth and real final (total) consumption growth c...

  1. Analysis of the Volatile Constituents of Irradiated Apple Juice; Analyse des Constituants Volatils des Jus de Pommes Irradies; Mezhdunarodnyj proekt po oblucheniyu fruktov i fruktovykh sokov; Analisis de los Componentes Volatiles de los Zumos de Manzana Irradiados

    Energy Technology Data Exchange (ETDEWEB)

    Dubois, P.; Zenz, H.; Stehlik, G.; Kaindl, K. [Agence Europeenne pour l' Energie Nucleaire, Seibersdorf (Austria)

    1966-11-15

    contenian ya sustancias volatiles antes de la irradiacion. En los zumos de manzana, la irradiacion hace aparecer cinco aldehidos: acetico, isobutirico, butirico, isovalerico y capronico; en los zumos concentrados solo se han observado tres: acetico, isobutirico e isovalerico. En estos zumos concentrados aparece, ademas, 2-butanona p'ero en los no concentrados el maximo que le corresponde en los cromatogramas queda enteramente cubierto por el del etanol. Se ha comprobado la formacion de.furano y de dos compuestos que solo aparecen como vestigios y que no han podido ser aun identificados. Se han obtenido resultados analogos mediante pasterizacion realizada por embotellamiento en caliente. (author) [Russian] V ramkah Mezhdunarodnogo issledovatel'skogo proekta po konservirovaniju fruktov i fruktovyh sokov metodom obluchenija (Zajbersdorf) organolepticheskie issledovanija, a takzhe ispytanija na bezvrednost' delajut neobhodimym .provedenie analiza aromaticheskih veshhestv, obluchennyh i neobluchennyh sokov. Analizirovalis' letuchie veshhestva obluchennyh jablochnyh sokov metodom hromatografii v gazovoj faze putem neposredstvennogo vvedenija parov', ispuskaemyh sokami, libo pri rabochej temperature libo pri 60 Degree-Sign - 100 Degree-Sign (Head Space Techniguede Weurman). Identifikacija proizvodilas' putem sravnenija ob{sup e}mov uderzhanija s ob{sup e}mami chistyh veshhestv i pri pomoshhi himicheskih reaktivov, kotorye pozvoljali ustranjat' nekotorye komponenty para. Dlja uproshhenija analizov pervye issledovanija provodilis' s koncentratami jablochnyh sokov, ne soderzhavshih pered oblucheniem letuchih veshhestv. Pri obluchenii v jablochnom soke pojavljajutsja pjat' al'degidov: acetal'degid, izomaslja- nyj al'degid, masljanyj al'degid, izovaler'janovyj al'degid i kapronal'degid. V koncentrirovannyh sokah pojavljajutsja tol'ko tri al'degida: acetal'degid, izomasljanyj al'degid i izovaler'janovyj al'degid. Krome togo, v koncentrirovannyh sokah pojavljaetsja 2-butanon, no

  2. Chemically-resolved volatility measurements of organic aerosol fom different sources.

    Science.gov (United States)

    Huffman, J A; Docherty, K S; Mohr, C; Cubison, M J; Ulbrich, I M; Ziemann, P J; Onasch, T B; Jimenez, J L

    2009-07-15

    A newly modified fast temperature-stepping thermodenuder (TD) was coupled to a High Resolution Time-of-Flight Aerosol Mass Spectrometer for rapid determination of chemically resolved volatility of organic aerosols (OA) emitted from individual sources. The TD-AMS system was used to characterize primary OA (POA) from biomass burning, trash burning surrogates (paper and plastic), and meat cooking as well as chamber-generated secondary OA (SOA) from alpha-pinene and gasoline vapor. Almost all atmospheric models represent POA as nonvolatile, with no allowance for evaporation upon heating or dilution, or condensation upon cooling. Our results indicate that all OAs observed show semivolatile behavior and that most POAs characterized here were at least as volatile as SOA measured in urban environments. Biomass-burning OA (BBOA) exhibited a wide range of volatilities, but more often showed volatility similar to urban OA. Paper-burning resembles some types of BBOA because of its relatively high volatility and intermediate atomic oxygen-to-carbon (O/C) ratio, while meat-cooking OAs (MCOA) have consistently lower volatility than ambient OA. Chamber-generated SOA under the relatively high concentrations used intraditional experiments was significantly more volatile than urban SOA, challenging extrapolation of traditional laboratory volatility measurements to the atmosphere. Most OAs sampled show increasing O/C ratio and decreasing H/C (hydrogen-to-carbon) ratio with temperature, further indicating that more oxygenated OA components are typically less volatile. Future experiments should systematically explore a wider range of mass concentrations to more fully characterize the volatility distributions of these OAs.

  3. Ammonia volatilization from coated urea forms

    Directory of Open Access Journals (Sweden)

    Carlos Antonio Costa do Nascimento

    2013-08-01

    Full Text Available Nitrogen fertilization is a major component of the cost of agricultural production, due to the high cost and low efficiency of fertilizers. In the case of urea, the low efficiency is mainly due to losses by volatilization, which are more pronounced in cultivation systems in which plant residues are left on the soil. The objective of this work was to compare the influence of urea coated with sulfur or boric acid and copper sulfate with conventional N fertilizers on N volatilization losses in sugar cane harvested after stubble burning. The sources urea, sulfur-coated urea, urea coated with boric acid and copper sulfate, as well as nitrate and ammonium sulfate, were tested at amounts containing N rates of 120 kg ha-1 N. The integration of new technologies in urea fertilization can reduce N losses by volatilization. These losses were most reduced when using nitrate and ammonium sulfate. The application of a readily acidified substance (boric acid to urea was more efficient in reducing volatilization losses and nutrient removal by sugar cane than that of a substance with gradual acidification (elemental sulfur.

  4. The electoral volatility in Serbia: Comparison and explanation

    Directory of Open Access Journals (Sweden)

    Antonić Slobodan

    2005-01-01

    Full Text Available In the first part of this article the electoral volatility in Serbia is compared to those in other countries. The Pedersen’s Index for Serbia from 1990 to 2003 is 19.6, which means there is high electoral volatility. However, compared to other countries in transition, the volatility in Serbia turns out to be average. Therefore, I conclude that the causes of high volatility in Serbia could not be specific, but similar to the reasons in other post-communist countries. In the second part, I analyze the general reasons for the increased volatility. They are: the large number of parties participating in political life, and insufficient time, passed since the restoration of multiparty elections, for the voters to become more seriously tied to the parties, or for the parties to become socially anchored. In the third part, I analyze the particular causes of the increased volatility that are specific, first of all, for Serbia and other post-communist societies. They are: the fast change of social structure, which leads to a general feeling of social and personal insecurity, as well as the widespread dissatisfaction with the gap between the increase of social inequality and the number of social winners, which increases the frequency of protest voting. At the end, I conclude that, in time, some of these factors would probably lose their significance, so the volatility in Serbia would decrease. However, a noticeable decrease could hardly be expected during the next ten years at least.

  5. Modelling oil price volatility with structural breaks

    International Nuclear Information System (INIS)

    Salisu, Afees A.; Fasanya, Ismail O.

    2013-01-01

    In this paper, we provide two main innovations: (i) we analyze oil prices of two prominent markets namely West Texas Intermediate (WTI) and Brent using the two recently developed tests by Narayan and Popp (2010) and Liu and Narayan, 2010 both of which allow for two structural breaks in the data series; and (ii) the latter method is modified to include both symmetric and asymmetric volatility models. We identify two structural breaks that occur in 1990 and 2008 which coincidentally correspond to the Iraqi/Kuwait conflict and the global financial crisis, respectively. We find evidence of persistence and leverage effects in the oil price volatility. While further extensions can be pursued, the consideration of asymmetric effects as well as structural breaks should not be jettisoned when modelling oil price volatility. - Highlights: ► We analyze oil price volatility using NP (2010) and LN (2010) tests. ► We modify the LN (2010) to account for leverage effects in oil price. ► We find two structural breaks that reflect major global crisis in the oil market. ► We find evidence of persistence and leverage effects in oil price volatility. ► Leverage effects and structural breaks are fundamental in oil price modelling.

  6. Multifractal in Volatility of Family Business Stocks Listed on Casablanca STOCK Exchange

    Science.gov (United States)

    Lahmiri, Salim

    In this paper, we check for existence of multifractal in volatility of Moroccan family business stock returns and in volatility of Casablanca market index returns based on multifractal detrended fluctuation analysis (MF-DFA) technique. Empirical results show strong evidence of multifractal characteristics in volatility series of both family business stocks and market index. In addition, it is found that small variations in volatility of family business stocks are persistent, whilst small variations in volatility of market index are anti-persistent. However, large variations in family business volatility and market index volatility are both anti-persistent. Furthermore, multifractal spectral analysis based results show strong evidence that volatility in Moroccan family business companies exhibits more multifractality than volatility in the main stock market. These results may provide insightful information for risk managers concerned with family business stocks.

  7. ESTUDIO DEL EFECTO DE LA ISOTERMA EN EL PROCESO DE SÍNTESIS DEL COMPUESTO DE ESTRONCIO Sr4Al6O12SO4 POR REACCIÓN EN ESTADO SÓLIDO

    Directory of Open Access Journals (Sweden)

    José Rodríguez-García

    2012-01-01

    Full Text Available Se estudió el efecto de la isoterma en la síntesis del compuesto de estroncio Sr 4 Al 6 O 12 SO 4 por reacción en estado sólido. Se conformaron (100MPa gránulos a partir de la mezcla 3:3:1 molar de SrCO 3 , Al 2 O 3 y SrSO 4 , respectivamente. Las muestras fueron tratadas térmicamente a temperaturas de 800, 900, 1000, 1100 y 1200°C por periodos de 4, 6, 8 y 10 horas. Las muestras, en presentación de polvo y pastilla, fueron analizadas por ATG, ATD, DRX y MEB, desde temperatura ambiente ha sta los 1200°C. Los resultad os de análisis térmico señalan que el rango de formación del compuesto de estroncio Sr 4 Al 6 O 12 SO 4 es entre los 800 y 1200°C. Por otro lado, de acuerdo a los patrones de difr acción de rayos X, la formación del mismo se favorece al incrementarse la isoterma del tratamiento térmico. Existen dos fases meta-estables presentes durante el proceso antes mencionado, las mismas que son observadas en el MEB.

  8. Control de calidad de las grasas de fritura. Validez de los métodos de ensayos rápidos en sustitución de la determinación de compuestos polares

    Directory of Open Access Journals (Sweden)

    Dobarganes, M. C.

    1995-06-01

    Full Text Available In this paper, substitution of polar compound quantitation by quick tests for discarding used frying fats according to official regulation, is evaluated.
    Two commercialized tests (VERI-FRY and OXIFRIT as well as two laboratory tests (PEREVALOV and Solubility in acetone:methanol 90:10 have been applied. Comparison of the results with those obtained for polar compounds indicated that OXIFRIT was the best quick tests as it gave the minimum percentage of enors. Given the present situation, the application of any of the two commercialized tests would contribute to improve frying fat quality.

    Se estudia la validez de métodos de ensayo rápido para sustituir la determinación de compuestos polares establecida en la Norma de Calidad de aceites y grasas calentados.
    Dos pruebas comercializadas (VERI-FRY y OXIFRIT y dos pruebas rápidas de laboratorio (PEREVALOV y Solubilidad en Acetona-Metanol 90:10 fueron aplicadas a un elevado número de muestras. Comparando los resultados obtenidos, con el contenido en compuestos polares, el ensayo denominado OXIFRIT dio el menor número de errores aunque la aplicación de cualquiera de las dos pruebas comercializadas contribuiría a mejorar la calidad de las grasas de fritura.

  9. Study of a hybrid solar-electric oven to the curing composite materials used in aeronautics; Estudio de un horno hibrido solar-electrico para el curado de materiales compuestos utilizados en aeronautica

    Energy Technology Data Exchange (ETDEWEB)

    Hernandez Roman, M. A.; Pineda Pinon, J.; Sanchez Sanchez, A. [CICATA - Unidad Queretaro, Santiago de Queretaro, Queretaro (Mexico)]. E-mail: mhernandezr0900@ipn.mx

    2010-11-15

    The study covers the curing of advanced composites in a hybrid solar electric oven. The furnace uses electricity from the grid power and solar energy provided by the heliostat concentrator system. The materials used in the experiments will be composite materials such as prepreg. The prepreg are fiberglass and carbon fiber. The resin used in the pre-impregnate will be epoxy resin. The work temperatures inside the furnace will be maximum 300 degrees Celsius. The obtained results will be useful to characterize the use of the solar energy and the characterize of the curing chamber. [Spanish] Se presenta el alcance para el estudio, el cual abarca el curado de materiales compuestos avanzados dentro de un horno hibrido solar electrico. El horno utilizara energia electrica suministrada por la red y energia solar suministrada por el sistema heliostato concentrador. Los materiales utilizados en los experimentos seran materiales compuestos tipo prepreg. Los prepreg seran de fibra de vidrio y de fibra de carbono. La resina utilizada en el preimpregando sera resina epoxica. Las temperaturas de trabajo dentro del horno seran como maximo de 300 grados centigrados. Los resultados obtenidos serviran para caracterizar el uso y aprovechamiento de la energia solar y la caracterizacion de la camara de curado.

  10. Option pricing under stochastic volatility: the exponential Ornstein–Uhlenbeck model

    International Nuclear Information System (INIS)

    Perelló, Josep; Masoliver, Jaume; Sircar, Ronnie

    2008-01-01

    We study the pricing problem for a European call option when the volatility of the underlying asset is random and follows the exponential Ornstein–Uhlenbeck model. The random diffusion model proposed is a two-dimensional market process that takes a log-Brownian motion to describe price dynamics and an Ornstein–Uhlenbeck subordinated process describing the randomness of the log-volatility. We derive an approximate option price that is valid when (i) the fluctuations of the volatility are larger than its normal level, (ii) the volatility presents a slow driving force, toward its normal level and, finally, (iii) the market price of risk is a linear function of the log-volatility. We study the resulting European call price and its implied volatility for a range of parameters consistent with daily Dow Jones index data

  11. Some recent developments in stochastic volatility modelling

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole Eiler; Nicolato, Elisa; Shephard, N.

    2002-01-01

    This paper reviews and puts in context some of our recent work on stochastic volatility (SV) modelling for financial economics. Here our main focus is on: (i) the relationship between subordination and SV, (ii) OU based volatility models, (iii) exact option pricing, (iv) realized power variation...

  12. Volatility transmission and patterns in Bund futures

    NARCIS (Netherlands)

    Ph.H.B.F. Franses (Philip Hans); R. van Ieperen; A.J. Menkveld (Bert); P. Kofman (Paul); M.P.E. Martens (Martin)

    1997-01-01

    textabstractWe analyze intraday volatility behavior for the Bund futures contract that is traded simultaneously at two competing exchanges. We investigate the transmission of volatility between the exchanges. We find that the lead/lag relations are restricted to a few minutes and do not reveal a

  13. Order flow and volatility: An empirical investigation

    NARCIS (Netherlands)

    Opschoor, A.; Taylor, N.; van der Wel, M.; van Dijk, D.

    2014-01-01

    We study the relationship between order flow and volatility. To this end we develop a comprehensive framework that simultaneously controls for the effects of macro announcements and order flow on prices and the effect of macro announcements on volatility. Using high-frequency 30-year U.S. Treasury

  14. The Cosmochemistry of Pluto: A Primordial Origin of Volatiles?

    Science.gov (United States)

    Glein, C. R.; Waite, J. H., Jr.

    2017-12-01

    Pluto is a wonderland of volatiles. Nitrogen, methane, and carbon monoxide are the principal volatiles that maintain its tenuous atmosphere, and they have also created a mesmerizing landscape of icy geological features, including Pluto's iconic "heart". Recent data, particularly those returned by the New Horizons mission [1-3], allow us to begin testing hypotheses for the cosmochemical origins of these world-shaping species on Pluto. Here, we investigate if Pluto's volatiles could have been accreted in its building blocks. We take both bottom-up and top-down approaches in testing this hypothesis in terms of mass balance. We estimate Pluto's primordial inventory of volatiles by scaling a range of cometary abundances up to the ice mass fraction of Pluto. We also make estimates of the present and lost inventories of volatiles based on surface observations and interpretations, as well as different scenarios of atmospheric photochemistry and escape. We find that, if primordial Pluto resembled a giant comet with respect to volatile abundances, then the initial volatile inventory would have been sufficient to account for the estimated present and lost inventories. This consistency supports a primordial origin for Pluto's volatiles. However, the observed ratio of CO/N2 in Pluto's atmosphere [4] is several orders of magnitude lower than the nominal cometary value. We are currently using phase equilibrium and rate models to explore if volatile layering in Sputnik Planitia, or the destruction of CO in a past or present subsurface ocean of liquid water could explain the apparent depletion of CO on Pluto. References: [1] Moore et al. (2016) Science 351, 1284. [2] Grundy et al. (2016) Science 351, aad9189. [3] Gladstone et al. (2016) Science 351, aad8866. [4] Lellouch et al. (2017) Icarus 286, 289.

  15. 21 CFR 573.914 - Salts of volatile fatty acids.

    Science.gov (United States)

    2010-04-01

    ... 21 Food and Drugs 6 2010-04-01 2010-04-01 false Salts of volatile fatty acids. 573.914 Section 573... Food Additive Listing § 573.914 Salts of volatile fatty acids. (a) Identity. The food additive is a... contains ammonium or calcium salts of volatile fatty acids and shall conform to the following...

  16. The Role of Implied Volatility in Forecasting Future Realized Volatility and Jumps in Foreign Exchange, Stock and Bond Markets

    DEFF Research Database (Denmark)

    Christensen, Bent Jesper

    We study the forecasting of future realized volatility in the stock, bond, and foreign exchange markets, as well as the continuous sample path and jump components of this, from variables in the information set, including implied volatility backed out from option prices. Recent nonparametric...

  17. Networks of volatility spillovers among stock markets

    Science.gov (United States)

    Baumöhl, Eduard; Kočenda, Evžen; Lyócsa, Štefan; Výrost, Tomáš

    2018-01-01

    In our network analysis of 40 developed, emerging and frontier stock markets during the 2006-2014 period, we describe and model volatility spillovers during both the global financial crisis and tranquil periods. The resulting market interconnectedness is depicted by fitting a spatial model incorporating several exogenous characteristics. We document the presence of significant temporal proximity effects between markets and somewhat weaker temporal effects with regard to the US equity market - volatility spillovers decrease when markets are characterized by greater temporal proximity. Volatility spillovers also present a high degree of interconnectedness, which is measured by high spatial autocorrelation. This finding is confirmed by spatial regression models showing that indirect effects are much stronger than direct effects; i.e., market-related changes in 'neighboring' markets (within a network) affect volatility spillovers more than changes in the given market alone, suggesting that spatial effects simply cannot be ignored when modeling stock market relationships. Our results also link spillovers of escalating magnitude with increasing market size, market liquidity and economic openness.

  18. A whiff of death: fatal volatile solvent inhalation abuse.

    Science.gov (United States)

    Steffee, C H; Davis, G J; Nicol, K K

    1996-09-01

    Inhalation abuse of volatile solvents, previously known generically as "glue sniffing," is typically pursued by adolescents. A wide range of legal, easily obtained products containing volatile substances are available for abuse. We report two illustrative cases of fatal volatile substance abuse: gasoline sniffing in a 20-year-old man and aerosol propellant gas inhalation (aerosol air freshener) in a 16-year-old girl with underlying reactive airway disease. Although the ratio of deaths to nonfatal inhalation escapades is extremely low, volatile solvent abuse carries the risk of sudden death due to cardiac arrest after a dysrhythmia or vasovagal event, central nervous system respiratory depression, hypoxia and hypercapnia due to the techniques of inhalation, and other mechanisms. Investigation of the patient's substance abuse history, examination of the scene of death, and special toxicologic analyses are critical to identifying volatile substance inhalation abuse as the cause of death because anatomic autopsy findings will typically be nonspecific. Above all, physicians must suspect the diagnosis of volatile substance inhalation abuse, especially in any case of sudden death involving an otherwise healthy young person.

  19. Volatiles from roasted byproducts of the poultry-processing industry.

    Science.gov (United States)

    Wettasinghe, M; Vasanthan, T; Temelli, F; Swallow, K

    2000-08-01

    Volatiles of roasted chicken breast muscle and byproducts, such as backbones, breastbones, spent bones, and skin, were investigated. Total volatile concentrations ranged from 2030 ppb in the roasted backbones to 4049 ppb in the roasted skin. The major classes of volatile compounds detected in roasted samples were aldehydes (648-1532 ppb) and alcohols (336-1006 ppb). Nitrogen- and/or sulfur-containing compounds were also detected in appreciable quantities (161-706 ppb) in all samples. For all samples, hexanal and 2-methyl-2-buten-1-ol were dominant among the aldehydes and alcohols, respectively. Among the nitrogen- and sulfur-containing compounds, Maillard reaction products, such as tetrahydropyridazines, piperidines, and thiazoles, were the major contributors to the total volatile content in all samples. The composition of volatiles observed in roasted byproducts was markedly different from that of the roasted breast muscle. Therefore, the blending of the byproducts in appropriate proportions or blending of volatile flavor extracts from different byproducts may be necessary to obtain an aroma that mimics roasted chicken aroma.

  20. Volatility Spillover in Chinese Steel Markets

    Science.gov (United States)

    Fang, Wen

    2018-03-01

    This paper examines volatility spillover in Chinese steel markets by comparing spillover effects before and after steel futures market established and finds some interesting change. Volatility spillover method based on multi-GARCH model are proposed. The results show that there is significant proof for spillover effects from B2B electronic market to spot market, and two-way effects between futures and spot market. Market policy planners and practitioners could make decisions according to the master of spillovers. We also find that B2B e-market and futures market can both provide efficient protection against steel price volatility risk, B2B e-market offer a broad-based platform for trading steel commodities over time and space since e-market role in information flow process is dominant.

  1. Volatility

    Directory of Open Access Journals (Sweden)

    María Sánchez

    2016-11-01

    Full Text Available The action consists of moving with small kicks a tin of cola refresh -without Brand-from a point of the city up to other one. During the path I avoid bollards, the slope differences between sidewalks, pedestrians, parked motorcycles, etc. Volatility wants to say exactly that the money is getting lost. That the money is losing by gentlemen and by ladies who are neither financial sharks, nor big businessmen… or similarly, but ingenuous people, as you or as me, who walk down the street.

  2. Manufacture of amorphous and poly-crystalline materials with the sol-gel process; Fabricacion de materiales amorfos y policristalinos con la ruta sol-gel

    Energy Technology Data Exchange (ETDEWEB)

    Castaneda-Contreras, J. [Centro Universitario de Los Lagos, Universidad de Guadalajara, Guadalajara, Jalisco (Mexico)

    2006-01-15

    The sun-gel process is a chemical route that allows the manufacture of amorphous and poly-crystalline materials in a relatively simple way. New materials can be obtained, materials that through the traditional manufacture methods, are very difficult to obtain, such as oxide combinations (SiO{sub 2}, TiO{sub 2}, ZrO{sub 2}, etc.), and that, when being produced by traditional methods, they run the risk of being contaminated with rare earth ions or organic dyes. The unique structures, micro- structures and compounds that can be made with the sun-gel process open many possibilities for practical applications, to name a few: the manufacture of optical components, preforms for optical fibers, dielectric coatings, superconductors, waveguides, nanoparticles, solar cells, etc. [Spanish] El proceso sol-gel es una ruta quimica que permite fabricar materiales amorfos y policristalinos de forma relativamente sencilla. Se pueden obtener nuevos materiales que a traves de los metodos tradicionales de fabricacion son muy dificiles de obtener, tales como combinaciones de oxidos (SiO{sub 2}, TiO{sub 2}, ZrO{sub 2}, etc.), y que, de ser producidos por metodos tradicionales corren el riesgo de contaminarse con iones de tierras raras o colorantes organicos. Las estructuras unicas, micro estructuras y compuestos que pueden hacerse con el proceso sol-gel abren muchas posibilidades para aplicaciones practicas, por nombrar algunas, la fabricacion de componentes opticos, preformas para fibras opticas, recubrimientos dielectricos, superconductores, guias de onda, nanoparticulas, celdas solares, etc.

  3. Different methods for volatile sampling in mammals.

    Directory of Open Access Journals (Sweden)

    Marlen Kücklich

    Full Text Available Previous studies showed that olfactory cues are important for mammalian communication. However, many specific compounds that convey information between conspecifics are still unknown. To understand mechanisms and functions of olfactory cues, olfactory signals such as volatile compounds emitted from individuals need to be assessed. Sampling of animals with and without scent glands was typically conducted using cotton swabs rubbed over the skin or fur and analysed by gas chromatography-mass spectrometry (GC-MS. However, this method has various drawbacks, including a high level of contaminations. Thus, we adapted two methods of volatile sampling from other research fields and compared them to sampling with cotton swabs. To do so we assessed the body odor of common marmosets (Callithrix jacchus using cotton swabs, thermal desorption (TD tubes and, alternatively, a mobile GC-MS device containing a thermal desorption trap. Overall, TD tubes comprised most compounds (N = 113, with half of those compounds being volatile (N = 52. The mobile GC-MS captured the fewest compounds (N = 35, of which all were volatile. Cotton swabs contained an intermediate number of compounds (N = 55, but very few volatiles (N = 10. Almost all compounds found with the mobile GC-MS were also captured with TD tubes (94%. Hence, we recommend TD tubes for state of the art sampling of body odor of mammals or other vertebrates, particularly for field studies, as they can be easily transported, stored and analysed with high performance instruments in the lab. Nevertheless, cotton swabs capture compounds which still may contribute to the body odor, e.g. after bacterial fermentation, while profiles from mobile GC-MS include only the most abundant volatiles of the body odor.

  4. Financial sector development, economic volatility and shocks in sub-Saharan Africa

    Science.gov (United States)

    Ibrahim, Muazu; Alagidede, Paul

    2017-10-01

    The role of financial sector development in economic volatility has been extensively studied albeit without informative results largely on the failure of extant studies to decompose volatility into its various components. By disaggregating volatility using the spectral approach, this study examines the effect of financial development on volatility components as well as channels through which finance affects volatility in 23 sub-Saharan African countries over the period 1980-2014. Our findings based on the newly developed panel cointegration estimation strategy reveal that while financial development affects business cycle volatility in a non-linear fashion, its effect on long run fluctuation is imaginary. More specifically, well developed financial sectors dampen volatility. Further findings show that while monetary shocks have large magnifying effect on volatility, their effect in the short run is minuscule. The reverse, however, holds for real shocks. The channels of manifestation shows that financial development dampens (magnifies) the effect of real shocks (monetary shocks) on the components of volatility with the dampening effects consistently larger only in the short run. Strengthening financial sector supervision and cross-border oversight may be very crucial in examining the right levels of finance and price stability necessary to falter economic fluctuations.

  5. Does Exchange Rate Volatility Affect Korea's Seaborne Import Volume?

    Directory of Open Access Journals (Sweden)

    Chang Beom Kim

    2017-03-01

    Full Text Available This study used monthly data from 2000 to 2015 to analyze the effects of USD/KRW exchange rate volatility on seaborne import volume in Korea. The results of an autoregressive distributed lag (ARDL analysis indicate that USD/KRW exchange rate volatility has a statistically significant negative influence on Korea's seaborne import volume. Moreover, the results of a vector error correction model (VECM analysis found that the USD/KRW exchange rate volatility exhibited short-term unidirectional causality on import volume and real income, and confirmed bidirectional causality between the real effective exchange rate and exchange rate volatility.

  6. A supply and demand based volatility model for energy prices

    International Nuclear Information System (INIS)

    Kanamura, Takashi

    2009-01-01

    This paper proposes a new volatility model for energy prices using the supply-demand relationship, which we call a supply and demand based volatility model. We show that the supply curve shape in the model determines the characteristics of the volatility in energy prices. It is found that the inverse Box-Cox transformation supply curve reflecting energy markets causes the inverse leverage effect, i.e., positive correlation between energy prices and volatility. The model is also used to show that an existing (G)ARCH-M model has the foundations on the supply-demand relationship. Additionally, we conduct the empirical studies analyzing the volatility in the U.S. natural gas prices. (author)

  7. Exchange Rate Volatility and Investment: A Panel Data Cointegration Approach

    Directory of Open Access Journals (Sweden)

    Ibrahima Amadou DIALLO

    2015-05-01

    Full Text Available This paper examines the link between real exchange rate volatility and domestic investment by using panel data cointegration techniques. We study the empirical connection between real effective exchange rate volatility and investment for 51 developing countries (23 low-income and 28 middle-income countries. The theoretical relationship between investment and real exchange rate volatility predicts that the effects of exchange rate uncertainty on profits are ambiguous. The empirical results illustrate that real effective exchange rate volatility has a strong negative impact on investment. This outcome is robust in low income and middle income countries, and by using an alternative measurement of exchange rate volatility.

  8. A supply and demand based volatility model for energy prices

    Energy Technology Data Exchange (ETDEWEB)

    Kanamura, Takashi [J-POWER, 15-1, Ginza 6-Chome, Chuo-ku, Tokyo 104-8165 (Japan)

    2009-09-15

    This paper proposes a new volatility model for energy prices using the supply-demand relationship, which we call a supply and demand based volatility model. We show that the supply curve shape in the model determines the characteristics of the volatility in energy prices. It is found that the inverse Box-Cox transformation supply curve reflecting energy markets causes the inverse leverage effect, i.e., positive correlation between energy prices and volatility. The model is also used to show that an existing (G)ARCH-M model has the foundations on the supply-demand relationship. Additionally, we conduct the empirical studies analyzing the volatility in the U.S. natural gas prices. (author)

  9. Modeling returns volatility: Realized GARCH incorporating realized risk measure

    Science.gov (United States)

    Jiang, Wei; Ruan, Qingsong; Li, Jianfeng; Li, Ye

    2018-06-01

    This study applies realized GARCH models by introducing several risk measures of intraday returns into the measurement equation, to model the daily volatility of E-mini S&P 500 index futures returns. Besides using the conventional realized measures, realized volatility and realized kernel as our benchmarks, we also use generalized realized risk measures, realized absolute deviation, and two realized tail risk measures, realized value-at-risk and realized expected shortfall. The empirical results show that realized GARCH models using the generalized realized risk measures provide better volatility estimation for the in-sample and substantial improvement in volatility forecasting for the out-of-sample. In particular, the realized expected shortfall performs best for all of the alternative realized measures. Our empirical results reveal that future volatility may be more attributable to present losses (risk measures). The results are robust to different sample estimation windows.

  10. Investor attention and FX market volatility

    OpenAIRE

    Goddard, John; Kita, Arben; Wang, Qingwei

    2015-01-01

    We study the relationship between investors’ active attention, measured by a Google search volume index (SVI), and the dynamics of currency prices. Investor attention is correlated with the trading activities of large FX market participants. Investor attention comoves with comtemporaneous FX market volatility and predicts subsequent FX market volatility, after controlling for macroeconomic fundamentals. In addition, investor attention is related to the currency risk premium. Our results sugge...

  11. Decomposing European bond and equity volatility

    OpenAIRE

    Christiansen, Charlotte

    2004-01-01

    The paper investigates volatility spillover from US and aggregate European asset markets into European national asset markets. A main contribution is that bond and equity volatilities are analyzed simultaneously. A new model belonging to the "volatilityspillover" family is suggested: The conditional variance of e.g. the unexpected German stock return is divided into separate effects from the contemporaneous idiosyncratic variance of US bonds, US stocks, European bonds, European stocks, German...

  12. Surface microlayer enrichment of volatile organic compounds and semi-volatile organic compounds in drinking water source.

    Science.gov (United States)

    Huang, Zhi; Zhou, Wen; Yu, Ya-juan; Zhang, Ai-qian; Han, Shuo-kui; Wang, Lian-sheng

    2004-01-01

    Enrichment of volatile organic compounds(VOC) and semi-volatility organic compounds(SVOC) in surface microlayer(SM) of three drinking water sources were studied. The enrichment factor(EFs) were 0.67 to 13.37 and 0.16 to 136, respectively. The results showed some VOC and most SVOC could enrich in SM. Some EFs of SVOC was quite high. Suspension and temperature could affect EFs of SVOC, slim wind and water movement do not destroy enrichment of organic in SM.

  13. Beta Risk and Regime Shift in Market Volatility

    OpenAIRE

    Don U.A. Galagedera; Roland G. Shami

    2004-01-01

    In this paper, we relate security returns in the thirty securities in the Dow Jones index to regime shifts in the market portfolio (S&P500) volatility. We model market volatility as a multiple-state Markov switching process of order one and estimate non-diversifiable security risk (beta) in the different market volatility regimes. We test the significance of the premium of the beta risk associated with the different market regimes and find evidence of a relationship between security return an...

  14. Volatility Spillovers Across User-Generated Content and Stock Market Performance

    NARCIS (Netherlands)

    M. van Dieijen (Myrthe); A. Borah (Abhishek); G.J. Tellis (Gerard); Ph.H.B.F. Franses (Philip Hans)

    2016-01-01

    textabstractVolatility is an important metric of financial performance, indicating uncertainty or risk. So, predicting and managing volatility is of interest to both company managers and investors. This study investigates whether volatility in user-generated content (UGC) can spill over to

  15. HISTORICAL AND IMPLIED VOLATILITY: AN INVESTIGATION INTO NSE NIFTY FUTURES AND OPTIONS

    OpenAIRE

    N R Parasuraman; P.Janaki Ramudu

    2011-01-01

    The broad objective of the paper is to have an understanding of the movement of volatility over a fair period in respect of the market portfolio. Also, it enables an understanding on how divergent the implied volatility has been from this estimate. It uses Volatility Cone, Volatility Smile and Volatility Surface as the parameters. The study takes different rolling periods percentiles of volatility. Hoadley Options Calculator is used for calculation and analysis purpose. The study empirically...

  16. Long-term memory and volatility clustering in high-frequency price changes

    Science.gov (United States)

    oh, Gabjin; Kim, Seunghwan; Eom, Cheoljun

    2008-02-01

    We studied the long-term memory in diverse stock market indices and foreign exchange rates using Detrended Fluctuation Analysis (DFA). For all high-frequency market data studied, no significant long-term memory property was detected in the return series, while a strong long-term memory property was found in the volatility time series. The possible causes of the long-term memory property were investigated using the return data filtered by the AR(1) model, reflecting the short-term memory property, the GARCH(1,1) model, reflecting the volatility clustering property, and the FIGARCH model, reflecting the long-term memory property of the volatility time series. The memory effect in the AR(1) filtered return and volatility time series remained unchanged, while the long-term memory property diminished significantly in the volatility series of the GARCH(1,1) filtered data. Notably, there is no long-term memory property, when we eliminate the long-term memory property of volatility by the FIGARCH model. For all data used, although the Hurst exponents of the volatility time series changed considerably over time, those of the time series with the volatility clustering effect removed diminish significantly. Our results imply that the long-term memory property of the volatility time series can be attributed to the volatility clustering observed in the financial time series.

  17. 29 CFR 1910.1002 - Coal tar pitch volatiles; interpretation of term.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 6 2010-07-01 2010-07-01 false Coal tar pitch volatiles; interpretation of term. 1910.1002... Hazardous Substances § 1910.1002 Coal tar pitch volatiles; interpretation of term. As used in § 1910.1000 (Table Z-1), coal tar pitch volatiles include the fused polycyclic hydrocarbons which volatilize from the...

  18. Consequences for option pricing of a long memory in volatility

    OpenAIRE

    Taylor, S J

    2001-01-01

    The economic consequences of a long memory assumption about volatility are documented, by comparing implied volatilities for option prices obtained from short and long memory volatility processes. Numerical results are given for options on the S&P 100 index from 1984 to 1998, with lives up to two years. The long memory assumption is found to have a significant impact upon the term structure of implied volatilities and a relatively minor impact upon smile effects. These conclusions are importa...

  19. THE EFFECT OF EXCHANGE RATE VOLATILITY ON WHEAT TRADE WORLDWIDE

    OpenAIRE

    Sun, Changyou; Kim, Mina; Koo, Won W.; Cho, Guedae; Jin, Hyun Joung

    2002-01-01

    A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility have exhibited a negative effect on world wheat trade and the long-term effect was even larger. This result implies that exchange rate volatil...

  20. Volatility of organic aerosol and its components in the Megacity of Paris

    Science.gov (United States)

    Paciga, A.; Karnezi, E.; Kostenidou, E.; Hildebrandt, L.; Psichoudaki, M.; Engelhart, G. J.; Lee, B.-H.; Crippa, M.; Prévôt, A. S. H.; Baltensperger, U.; Pandis, S. N.

    2015-08-01

    Using a mass transfer model and the volatility basis set, we estimate the volatility distribution for the organic aerosol (OA) components during summer and winter in Paris, France as part of the collaborative project MEGAPOLI. The concentrations of the OA components as a function of temperature were measured combining data from a thermodenuder and an aerosol mass spectrometer (AMS) with Positive Matrix Factorization (PMF) analysis. The hydrocarbon-like organic aerosol (HOA) had similar volatility distributions for the summer and winter campaigns with half of the material in the saturation concentration bin of 10 μg m-3 and another 35-40 % consisting of low and extremely low volatility organic compounds (LVOCs and ELVOCs, respectively). The winter cooking OA (COA) was more than an order of magnitude less volatile than the summer COA. The low volatility oxygenated OA (LV-OOA) factor detected in the summer had the lowest volatility of all the derived factors and consisted almost exclusively of ELVOCs. The volatility for the semi-volatile oxygenated OA (SV-OOA) was significantly higher than that of the LV-OOA, containing both semi-volatile organic components (SVOCs) and LVOCs. The oxygenated OA (OOA) factor in winter consisted of SVOCs (45 %), LVOCs (25 %) and ELVOCs (30 %). The volatility of marine OA (MOA) was higher than that of the other factors containing around 60 % SVOCs. The biomass burning OA (BBOA) factor contained components with a wide range of volatilities with significant contributions from both SVOCs (50 %) and LVOCs (30 %). Finally, combining the O : C ratio and volatility distributions of the various factors, we incorporated our results into the two-dimensional volatility basis set (2D-VBS). Our results show that the factors cover a broad spectrum of volatilities with no direct link between the average volatility and average O : C of the OA components. Agreement between our findings and previous publications is encouraging for our understanding of the

  1. Human skin volatiles: a review.

    Science.gov (United States)

    Dormont, Laurent; Bessière, Jean-Marie; Cohuet, Anna

    2013-05-01

    Odors emitted by human skin are of great interest to biologists in many fields; applications range from forensic studies to diagnostic tools, the design of perfumes and deodorants, and the ecology of blood-sucking insect vectors of human disease. Numerous studies have investigated the chemical composition of skin odors, and various sampling methods have been used for this purpose. The literature shows that the chemical profile of skin volatiles varies greatly among studies, and the use of different sampling procedures is probably responsible for some of these variations. To our knowledge, this is the first review focused on human skin volatile compounds. We detail the different sampling techniques, each with its own set of advantages and disadvantages, which have been used for the collection of skin odors from different parts of the human body. We present the main skin volatile compounds found in these studies, with particular emphasis on the most frequently studied body regions, axillae, hands, and feet. We propose future directions for promising experimental studies on odors from human skin, particularly in relation to the chemical ecology of blood-sucking insects.

  2. Regime-switching stochastic volatility. Evidence from the crude oil market

    International Nuclear Information System (INIS)

    Vo, Minh T.

    2009-01-01

    This paper incorporates regime-switching into the stochastic volatility (SV) framework in an attempt to explain the behavior of crude oil prices in order to forecast their volatility. More specifically, it models the volatility of oil return as a stochastic volatility process whose mean is subject to shifts in regime. The shift is governed by a two-state first-order Markov process. The Bayesian Markov Chain Monte Carlo method is used to estimate the models. The main findings are: first, there is clear evidence of regime-switching in the oil market. Ignoring it will lead to a false impression that the volatility is highly persistent and therefore highly predictable. Second, incorporating regime-switching into the SV framework significantly enhances the forecasting power of the SV model. Third, the regime-switching stochastic volatility model does a good job in capturing major events affecting the oil market. (author)

  3. Volatility Determination in an Ambit Process Setting

    DEFF Research Database (Denmark)

    Barndorff-Nielsen, Ole; Graversen, Svend-Erik

    The probability limit behaviour of normalised quadratic variation is studied for a simple tempo-spatial ambit process, with particular regard to the question of volatility memorylessness.......The probability limit behaviour of normalised quadratic variation is studied for a simple tempo-spatial ambit process, with particular regard to the question of volatility memorylessness....

  4. 2-22 Study of Oxidation/reduction Volatilization Technology

    Institute of Scientific and Technical Information of China (English)

    Tan; Cunmin[1; Cao; Shiwei[1; Tian; Yuan[1; Qin; Zhi[1

    2015-01-01

    As an advanced dry head-end processing of spent fuel reprocessing, the oxidation-reduction volatilization technology will use for pulverizing uranium oxide ceramic pellets, decladding, and removal of most of volatile and semi-volatile fission elements, 3H, 14C, Kr, Xe, I, Cs, Ru and Tc, from fuel prior to main treatment process. The AIROX and ORIOX process, including circulation of oxidation in oxygen atmosphere and reduction in hydrogen atmosphere, researched on international at present, is considered to be the first choice for head-end processing.

  5. Extracting volatility signal using maximum a posteriori estimation

    Science.gov (United States)

    Neto, David

    2016-11-01

    This paper outlines a methodology to estimate a denoised volatility signal for foreign exchange rates using a hidden Markov model (HMM). For this purpose a maximum a posteriori (MAP) estimation is performed. A double exponential prior is used for the state variable (the log-volatility) in order to allow sharp jumps in realizations and then log-returns marginal distributions with heavy tails. We consider two routes to choose the regularization and we compare our MAP estimate to realized volatility measure for three exchange rates.

  6. Evaluation of γ-radiation on green tea odor volatiles

    International Nuclear Information System (INIS)

    Fanaro, G.B.; Duarte, R.C.; Araujo, M.M.; Purgatto, E.; Villavicencio, A.L.C.H.

    2011-01-01

    The aim of this study was to evaluate the gamma radiation effects on green tea odor volatiles in green tea at doses of 0, 5, 10, 15 and 20 kGy. The volatile organic compounds were extracted by hydrodistillation and analyzed by GC/MS. The green tea had a large influence on radiation effects, increasing the identified volatiles in relation to control samples. The dose of 10 kGy was responsible to form the majority of new odor compounds following by 5 and 20 kGy. However, the dose of 5 kGy was the dose that degraded the majority of volatiles in non-irradiated samples, following by 20 kGy. The dose of 15 kGy showed has no effect on odor volatiles. The gamma radiation, at dose up to 20 kGy, showed statistically no difference between irradiated and non irradiated green tea on odors compounds.

  7. Volatile Composition of Smoked and Non-Smoked Iranian Rice

    Directory of Open Access Journals (Sweden)

    Leontina Lipan

    2016-11-01

    Full Text Available In this work, the volatile profiles of smoked and non-smoked Iranian rice were identified, and their relative abundance was calculated and compared. Headspace solid-phase microextraction together with gas chromatography-mass spectrometry (SPME-GC-MS were used to extract and identify the volatile compounds. The main groups of volatiles in Iranian rice were aldehydes, ketones, phenol derivatives, furans, linear hydrocarbons, esters and terpenes. The chemical family aldehydes was the most abundant one in the profile of non-smoked rice, while phenol derivatives and furans predominated in smoked samples. This study is the first one reporting comparative data of volatile compounds between smoked and non-smoked Iranian rice.

  8. Idiosyncratic Volatility Puzzle

    DEFF Research Database (Denmark)

    Aslanidis, Nektarios; Christiansen, Charlotte; Lambertides, Neophytos

    from a large pool of macroeconomic and Önancial variables. Cleaning for macro-Önance e§ects reverses the puzzling negative relation between returns and idiosyncratic volatility documented previously. Portfolio analysis shows that the e§ects from macro-Önance factors are economically strong...

  9. Isolation of volatile compounds of Aloe excelsa (Berger ...

    African Journals Online (AJOL)

    PROMOTING ACCESS TO AFRICAN RESEARCH ... Industrial and pharmacological applications of volatile and non-volatile compounds isolated ... Three commercially important compounds, namely: phenylacetonitrile, carvone and limonene were identified using gas ... EMAIL FREE FULL TEXT EMAIL FREE FULL TEXT

  10. Forecasting volatility in the presence of Leverage Effect

    OpenAIRE

    Jean-Christophe Domenge; Rémi Rhodes; Vincent Vargas

    2010-01-01

    We define a simple and tractable method for adding the Leverage effect in general volatility predictions. As an application, we compare volatility predictions with and without Leverage on the SP500 Index during the period 2002-2010.

  11. Electronic trading system and returns volatility in the oil futures market

    International Nuclear Information System (INIS)

    Liao, Huei-Chu; Lee, Yi-Huey; Suen, Yu-Bo

    2008-01-01

    This paper uses daily Brent crude prices to investigate the employment of electronic trading on the returns conditional volatility in the oil futures market. After a suitable GARCH model is established, the conditional volatility series are found. The Bai and Perron model is then used to find two significant structural breaks for these conditional volatility series around two implementation dates of electronic trading. This result indicates that the change in the trading system has significant impacts on the returns volatility since our estimated second break date is very close to the all-electronic trade implementation date. Moreover, the conditional volatility in the all-electronic trading period is found to be more dominated by the temporal persistence rather than the volatility clustering effect. All these evidence can shed some light for explaining the high relationship between more volatile world oil price and the more popular electronic trade. (author)

  12. A multiscale extension of the Margrabe formula under stochastic volatility

    International Nuclear Information System (INIS)

    Kim, Jeong-Hoon; Park, Chang-Rae

    2017-01-01

    Highlights: • Fast-mean-reverting stochastic volatility model is chosen to extend the classical Margrabe formula. • The resultant formula is explicitly given by the greeks of Margrabe price itself. • We show how the stochastic volatility corrects the Margrabe price behavior. - Abstract: The pricing of financial derivatives based on stochastic volatility models has been a popular subject in computational finance. Although exact or approximate closed form formulas of the prices of many options under stochastic volatility have been obtained so that the option prices can be easily computed, such formulas for exchange options leave much to be desired. In this paper, we consider two different risky assets with two different scales of mean-reversion rate of volatility and use asymptotic analysis to extend the classical Margrabe formula, which corresponds to a geometric Brownian motion model, and obtain a pricing formula under a stochastic volatility. The resultant formula can be computed easily, simply by taking derivatives of the Margrabe price itself. Based on the formula, we show how the stochastic volatility corrects the Margrabe price behavior depending on the moneyness and the correlation coefficient between the two asset prices.

  13. Volatile element loss during planetary magma ocean phases

    Science.gov (United States)

    Dhaliwal, Jasmeet K.; Day, James M. D.; Moynier, Frédéric

    2018-01-01

    Moderately volatile elements (MVE) are key tracers of volatile depletion in planetary bodies. Zinc is an especially useful MVE because of its generally elevated abundances in planetary basalts, relative to other MVE, and limited evidence for mass-dependent isotopic fractionation under high-temperature igneous processes. Compared with terrestrial basalts, which have δ66Zn values (per mille deviation of the 66Zn/64Zn ratio from the JMC-Lyon standard) similar to some chondrite meteorites (∼+0.3‰), lunar mare basalts yield a mean δ66Zn value of +1.4 ± 0.5‰ (2 st. dev.). Furthermore, mare basalts have average Zn concentrations ∼50 times lower than in typical terrestrial basaltic rocks. Late-stage lunar magmatic products, including ferroan anorthosite, Mg- and Alkali-suite rocks have even higher δ66Zn values (+3 to +6‰). Differences in Zn abundance and isotopic compositions between lunar and terrestrial rocks have previously been interpreted to reflect evaporative loss of Zn, either during the Earth-Moon forming Giant Impact, or in a lunar magma ocean (LMO) phase. To explore the mechanisms and processes under which volatile element loss may have occurred during a LMO phase, we developed models of Zn isotopic fractionation that are generally applicable to planetary magma oceans. Our objective was to identify conditions that would yield a δ66Zn signature of ∼+1.4‰ within the lunar mantle. For the sake of simplicity, we neglect possible Zn isotopic fractionation during the Giant Impact, and assumed a starting composition equal to the composition of the present-day terrestrial mantle, assuming both the Earth and Moon had zinc 'consanguinity' following their formation. We developed two models: the first simulates evaporative fractionation of Zn only prior to LMO mixing and crystallization; the second simulates continued evaporative fractionation of Zn that persists until ∼75% LMO crystallization. The first model yields a relatively homogenous bulk solid

  14. Volatiles from solids

    Energy Technology Data Exchange (ETDEWEB)

    Loughrey, C T

    1939-08-24

    To remove volatiles from solids, such as oil shale, gases, and/or vapours are passed through a mass of the materials, the vapours and gases separated, and the vapours condensed. The volatile-containing solid materials are fed to a retort, and a shaft is driven to rotate an impeller so as to displace the liquid and create a vortex tube, which draws in gas from the atmosphere through an intake, twyer, interstices in the material in the retort, a conduit, chamber, tubes, another chamber and cylinder. This gas is carried outwardly and upwardly by the vortices in the liquid and is carried to discharge through three conduits. The vapours entrained by the gas are part condensed in the liquid and the remainder directed to a condenser. Steam may be delivered to the twyer through a nozzle of a pipe, with or without air, and combustible hydrocarbon fuel may be fed through the burner nozzle or solid fuel may be directed from feeder and combusted in the twyer.

  15. The impact of induced plant volatiles on lant-arthropod interactions

    NARCIS (Netherlands)

    Alba, J.M.; Bleeker, P.M.; Glas, J.J.; Schimmel, B.C.J.; van Wijk, M.; Sabelis, M.W.; Schuurink, R.C.; Kant, M.R.; Smagghe, G.; Diaz, I.

    2012-01-01

    Plants release volatile organic compounds from their vegetative tissues into their environment during most of their life cycle. The functions of these volatiles are diverse and not always known but some of these volatiles repel foraging herbivores while others, in turn, attract them and are feeding

  16. Thermochromatography study of volatile polonium species in various gas atmospheres

    CERN Document Server

    Maugeri, Emilio Andrea; Eichler, Robert; Piguet,David; Mendonça, Tania Melo; Stora, Thierry; Schumann, Dorothea

    2014-01-01

    Phenomena related to the volatilization of polonium and its compounds are critical issues for the safety assessment of the innovative lead–bismuth cooled type of nuclear reactor or accelerator driven systems. The formation and volatilization of different species of polonium and their interaction with fused silica was studied by thermochromatography using carrier gases with varied redox potential. The obtained results show that under inert and reducing conditions in the absence of moisture, elemental polonium is formed. Polonium compounds more volatile than elemental polonium can be formed if traces of moisture are present in both inert and reducing carrier gas. The use of dried oxygen as carrier gas leads to the formation of polonium oxides, which are less volatile than elemental polonium. It was also found that the volatility of polonium oxides increases with increasing oxidation state. In the presence of moisture in an oxidizing carrier gas, species are formed that are more volatile than the oxides and le...

  17. Option Valuation with Observable Volatility and Jump Dynamics

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Feunou, Bruno; Jeon, Yoontae

    Under very general conditions, the total quadratic variation of a jump-diffusion process can be decomposed into diffusive volatility and squared jump variation. We use this result to develop a new option valuation model in which the underlying asset price exhibits volatility and jump intensity...... dynamics. The volatility and jump intensity dynamics in the model are directly driven by model-free empirical measures of diffusive volatility and jump variation. Because the empirical measures are observed in discrete intervals, our option valuation model is cast in discrete time, allowing...... for straightforward filtering and estimation of the model. Our model belongs to the affine class enabling us to derive the conditional characteristic function so that option values can be computed rapidly without simulation. When estimated on S&P500 index options and returns the new model performs well compared...

  18. Volatilization of Po by microorganisms at laboratory culture experiments

    International Nuclear Information System (INIS)

    Momoshima, N.; Ishida, A.; Yoshinaga, C.; Fukuda, A.

    2005-01-01

    The previous experiments proved the volatility of polonium form culture medium in which microorganisms were propagated from seed of seawater, river water or pond water, therefore we did not know what kind of species are responsible to Po volatility. To search microorganisms, which concerned with Po emission we carried out culture experiments using known microorganisms. Three microorganisms were examined; Escherichia coli K-12, Bacillus subtilis and Chromobacterium violaceum. The microorganisms were pre-cultured in LB medium at 30 degree C and a small portion of the pre-cultured was transferred to a culture bottle in which LB medium and 208 Po tracer were contained. The culture was done at 30 degree C with shaking the culture bottle and air passed through a filter was introduced. The Po volatilized was transferred into the trap vials in which scintillator for liquid scintillation counting (LSC) was contained. The Po activity was measured by LSC. All of the microorganisms examined volatilized Po but their ability was quite different each other. Highest ability was observed on Chromobacterium violaceum and then Escherichia coli K-12 followed by Bacillus subtilis, the relative magnitude of the ability was 10 2 , 10, 1, respectively. Chromobacterium violaceum and Escherichia coli K-12 showed high volatility for the first 24 h but Escherichia coli K-12 showed a decrease thereafter. However high volatility was continued on Chromobacterium violaceum during the culture. The low culture temperature suppressed Po volatility, supporting biologically mediated Po emission from the culture.

  19. Release of volatile and semi-volatile toxicants during house fires.

    Science.gov (United States)

    Hewitt, Fiona; Christou, Antonis; Dickens, Kathryn; Walker, Richard; Stec, Anna A

    2017-04-01

    Qualitative results are presented from analysis of volatile and semi-volatile organic compounds (VOCs/SVOCs) obtained through sampling of gaseous effluent and condensed particulates during a series of experimental house fires conducted in a real house. Particular emphasis is given to the 16 polycyclic aromatic hydrocarbons (PAHs) listed by the Environmental Protection Agency due to their potentially carcinogenic effects. The initial fuel packages were either cooking oil or a single sofa; these were burned both alone, and in furnished surroundings. Experiments were performed at different ventilation conditions. Qualitative Gas Chromatography-Mass Spectrometry (GC-MS) analysis found VOC/SVOC releases in the developing stages of the fires, and benzo(a)pyrene - the most carcinogenic PAH - was found in at least one sampling interval in the majority of fires. A number of phosphorus fire retardants were detected, in both the gaseous effluent and particulates, from fires where the initial fuel source was a sofa. Their release during the fire is significant as they pose toxicological concerns separate from those presented by the PAHs. Copyright © 2016. Published by Elsevier Ltd.

  20. Volatilities, Traded Volumes, and Price Increments in Derivative Securities

    Science.gov (United States)

    Kim, Kyungsik; Lim, Gyuchang; Kim, Soo Yong; Scalas, Enrico

    2007-03-01

    We apply the detrended fluctuation analysis (DFA) to the statistics of the Korean treasury bond (KTB) futures from which the logarithmic increments, volatilities, and traded volumes are estimated over a specific time lag. For our case, the logarithmic increment of futures prices has no long-memory property, while the volatility and the traded volume exhibit the existence of long-memory property. To analyze and calculate whether the volatility clustering is due to the inherent higher-order correlation not detected by applying directly the DFA to logarithmic increments of the KTB futures, it is of importance to shuffle the original tick data of futures prices and to generate the geometric Brownian random walk with the same mean and standard deviation. It is really shown from comparing the three tick data that the higher-order correlation inherent in logarithmic increments makes the volatility clustering. Particularly, the result of the DFA on volatilities and traded volumes may be supported the hypothesis of price changes.

  1. Do Time-Varying Covariances, Volatility Comovement and Spillover Matter?

    OpenAIRE

    Lakshmi Balasubramanyan

    2005-01-01

    Financial markets and their respective assets are so intertwined; analyzing any single market in isolation ignores important information. We investigate whether time varying volatility comovement and spillover impact the true variance-covariance matrix under a time-varying correlation set up. Statistically significant volatility spillover and comovement between US, UK and Japan is found. To demonstrate the importance of modelling volatility comovement and spillover, we look at a simple portfo...

  2. A Range-Based Multivariate Model for Exchange Rate Volatility

    OpenAIRE

    Tims, Ben; Mahieu, Ronald

    2003-01-01

    textabstractIn this paper we present a parsimonious multivariate model for exchange rate volatilities based on logarithmic high-low ranges of daily exchange rates. The multivariate stochastic volatility model divides the log range of each exchange rate into two independent latent factors, which are interpreted as the underlying currency specific components. Due to the normality of logarithmic volatilities the model can be estimated conveniently with standard Kalman filter techniques. Our resu...

  3. Volatile elements - water, carbon, nitrogen, noble gases - on Earth

    Science.gov (United States)

    Marty, B.

    2017-12-01

    Understanding the origin and evolution of life-bearing volatile elements (water, carbon, nitrogen) on Earth is a fruitful and debated area of research. In his pioneering work, W.W. Rubey inferred that the terrestrial atmosphere and the oceans formed from degassing of the mantle through geological periods of time. Early works on noble gas isotopes were consistent with this view and proposed a catastrophic event of mantle degassing early in Earth's history. We now have evidence, mainly from noble gas isotopes, that several cosmochemical sources contributed water and other volatiles at different stages of Earth's accretion. Potential contributors include the protosolar nebula gas that equilibrated with magma oceans, inner solar system bodies now represented by chondrites, and comets. Stable isotope ratios suggest volatiles where primarily sourced by planetary bodies from the inner solar system. However, recent measurements by the European Space Agency Rosetta probe on the coma of Comet 67P/Churyumov-Gerasimenko permit to set quantitative constraints on the cometary contribution to the surface of our planet. The surface and mantle reservoirs volatile elements exchanged volatile elements through time, with rates that are still uncertain. Some mantle regions remained isolated from whole mantle convection within the first tens to hundreds million years after start of solar system formation. These regions, now sampled by some mantle plumes (e.g., Iceland, Eifel) preserved their volatile load, as indicated by extinct and extant radioactivity systems. The abundance of volatile elements in the mantle is still not well known. Different approaches, such as high pressure experimental petrology, noble gas geochemistry, modelling, resulted in somewhat contrasted estimates, varying over one order of magnitude for water. Comparative planetology, that is, the study of volatiles on the Moon, Venus, Mars, Vesta, will shed light on the sources and strengths of these elements in the

  4. Efectos de los nutrientes y compuestos bioactivos de los alimentos en tejidos y células de cáncer humano: aproximación nutrigenómica

    OpenAIRE

    Jhonny E Vargas-Hernández; María P Camacho-Gómez; Doris Ramírez de Peña

    2013-01-01

    El cáncer es una condición de programación genética anormal en la cual cambios en la secuencia genómica alteran la estructura, función y expresión de proteínas que controlan procesos celulares esenciales como el crecimiento, la proliferación, la diferenciación y la apoptosis. Investigaciones en nutrición y cáncer han analizado los efectos de determinados nutrientes y compuestos bioactivos de los alimentos en el desarrollo y evolución de diversos tipos de cáncer. ...

  5. Efectos de los nutrientes y compuestos bioactivos de los alimentos en tejidos y células de cáncer humano: aproximación nutrigenómica

    OpenAIRE

    Vargas-Hernández, Jhonny E; Camacho-Gómez, María P; Ramírez de Peña, Doris

    2013-01-01

    Resumen El cáncer es una condición de programación genética anormal en la cual cambios en la secuencia genómica alteran la estructura, función y expresión de proteínas que controlan procesos celulares esenciales como el crecimiento, la proliferación, la diferenciación y la apoptosis. Investigaciones en nutrición y cáncer han analizado los efectos de determinados nutrientes y compuestos bioactivos de los alimentos en el desarrollo y evolución de diversos tipos de cáncer. El objetivo de esta in...

  6. A method for the solvent extraction of low-boiling-point plant volatiles.

    Science.gov (United States)

    Xu, Ning; Gruber, Margaret; Westcott, Neil; Soroka, Julie; Parkin, Isobel; Hegedus, Dwayne

    2005-01-01

    A new method has been developed for the extraction of volatiles from plant materials and tested on seedling tissue and mature leaves of Arabidopsis thaliana, pine needles and commercial mixtures of plant volatiles. Volatiles were extracted with n-pentane and then subjected to quick distillation at a moderate temperature. Under these conditions, compounds such as pigments, waxes and non-volatile compounds remained undistilled, while short-chain volatile compounds were distilled into a receiving flask using a high-efficiency condenser. Removal of the n-pentane and concentration of the volatiles in the receiving flask was carried out using a Vigreux column condenser prior to GC-MS. The method is ideal for the rapid extraction of low-boiling-point volatiles from small amounts of plant material, such as is required when conducting metabolic profiling or defining biological properties of volatile components from large numbers of mutant lines.

  7. Chemically-resolved aerosol volatility measurements from two megacity field studies

    Directory of Open Access Journals (Sweden)

    J. A. Huffman

    2009-09-01

    Full Text Available The volatilities of different chemical species in ambient aerosols are important but remain poorly characterized. The coupling of a recently developed rapid temperature-stepping thermodenuder (TD, operated in the range 54–230°C with a High-Resolution Time-of-Flight Aerosol Mass Spectrometer (HR-ToF-AMS during field studies in two polluted megacities has enabled the first direct characterization of chemically-resolved urban particle volatility. Measurements in Riverside, CA and Mexico City are generally consistent and show ambient nitrate as having the highest volatility of any AMS standard aerosol species while sulfate showed the lowest volatility. Total organic aerosol (OA showed volatility intermediate between nitrate and sulfate, with an evaporation rate of 0.6%·K−1 near ambient temperature, although OA dominates the residual species at the highest temperatures. Different types of OA were characterized with marker ions, diurnal cycles, and positive matrix factorization (PMF and show significant differences in volatility. Reduced hydrocarbon-like OA (HOA, a surrogate for primary OA, POA, oxygenated OA (OOA, a surrogate for secondary OA, SOA, and biomass-burning OA (BBOA separated with PMF were all determined to be semi-volatile. The most aged OOA-1 and its dominant ion, CO2+, consistently exhibited the lowest volatility, with HOA, BBOA, and associated ions for each among the highest. The similar or higher volatility of HOA/POA compared to OOA/SOA contradicts the current representations of OA volatility in most atmospheric models and has important implications for aerosol growth and lifetime. A new technique using the AMS background signal was demonstrated to quantify the fraction of species up to four orders-of-magnitude less volatile than those detectable in the MS mode, which for OA represent ~5% of the non-refractory (NR OA signal. Our results strongly imply that all OA types should be considered

  8. Occurence and dietary exposure of volatile and non-volatile N-Nitrosamines in processed meat products

    DEFF Research Database (Denmark)

    Herrmann, Susan Strange; Duedahl-Olesen, Lene; Granby, Kit

    Nitrite and nitrate have for many decades been used for preservation of meat. However, nitrite can react with secondary amines in meat to form N-Nitrosamines (NAs), many of which have been shown to be genotoxic1 . The use of nitrite therefore ought to be limited as much as possible. To maintain...... a high level of consumer protection Denmark obtains National low limits of the nitrite use in meat products. An estimation of the dietary exposure to volatile NAs (VNA) and non-volatile NAs (NVNA) is necessary when performing a risk assessment of the use of nitrite and nitrate for meat preservation....

  9. Ammonia volatilization from crop residues and frozen green manure crops

    Science.gov (United States)

    de Ruijter, F. J.; Huijsmans, J. F. M.; Rutgers, B.

    2010-09-01

    Agricultural systems can lose substantial amounts of nitrogen (N). To protect the environment, the European Union (EU) has adopted several directives that set goals to limit N losses. National Emission Ceilings (NEC) are prescribed in the NEC directive for nitrogen oxides and ammonia. Crop residues may contribute to ammonia volatilization, but sufficient information on their contribution to the national ammonia volatilization is lacking. Experiments were carried out with the aim to assess the ammonia volatilization of crop residues left on the soil surface or incorporated into the soil under the conditions met in practice in the Netherlands during late autumn and winter. Ammonia emission from residues of broccoli, leek, sugar beet, cut grass, fodder radish (fresh and frozen) and yellow mustard (frozen) was studied during two winter seasons using volatilization chambers. Residues were either placed on top of soil or mixed with soil. Mixing residues with soil gave insignificant ammonia volatilization, whereas volatilization was 5-16 percent of the N content of residues when placed on top of soil. Ammonia volatilization started after at least 4 days. Total ammonia volatilization was related to C/N-ratio and N concentration of the plant material. After 37 days, cumulative ammonia volatilization was negligible from plant material with N concentration below 2 percent, and was 10 percent of the N content of plant material with 4 percent N. These observations can be explained by decomposition of plant material by micro-organisms. After an initial built up of the microbial population, NH 4+ that is not needed for their own growth is released and can easily emit as NH 3 at the soil surface. The results of the experiments were used to estimate the contribution of crop residues to ammonia volatilization in the Netherlands. Crop residues of arable crops and residues of pasture topping may contribute more than 3 million kg NH 3-N to the national ammonia volatilization of the

  10. Metabolic engineering of volatile isoprenoids in plants and microbes.

    Science.gov (United States)

    Vickers, Claudia E; Bongers, Mareike; Liu, Qing; Delatte, Thierry; Bouwmeester, Harro

    2014-08-01

    The chemical properties and diversity of volatile isoprenoids lends them to a broad variety of biological roles. It also lends them to a host of biotechnological applications, both by taking advantage of their natural functions and by using them as industrial chemicals/chemical feedstocks. Natural functions include roles as insect attractants and repellents, abiotic stress protectants in pathogen defense, etc. Industrial applications include use as pharmaceuticals, flavours, fragrances, fuels, fuel additives, etc. Here we will examine the ways in which researchers have so far found to exploit volatile isoprenoids using biotechnology. Production and/or modification of volatiles using metabolic engineering in both plants and microorganisms are reviewed, including engineering through both mevalonate and methylerythritol diphosphate pathways. Recent advances are illustrated using several case studies (herbivores and bodyguards, isoprene, and monoterpene production in microbes). Systems and synthetic biology tools with particular utility for metabolic engineering are also reviewed. Finally, we discuss the practical realities of various applications in modern biotechnology, explore possible future applications, and examine the challenges of moving these technologies forward so that they can deliver tangible benefits. While this review focuses on volatile isoprenoids, many of the engineering approaches described here are also applicable to non-isoprenoid volatiles and to non-volatile isoprenoids. © 2014 John Wiley & Sons Ltd.

  11. A Consistent Pricing Model for Index Options and Volatility Derivatives

    DEFF Research Database (Denmark)

    Kokholm, Thomas

    to be priced consistently, while allowing for jumps in volatility and returns. An affine specification using Lévy processes as building blocks leads to analytically tractable pricing formulas for volatility derivatives, such as VIX options, as well as efficient numerical methods for pricing of European options...... on the underlying asset. The model has the convenient feature of decoupling the vanilla skews from spot/volatility correlations and allowing for different conditional correlations in large and small spot/volatility moves. We show that our model can simultaneously fit prices of European options on S&P 500 across...

  12. A Consistent Pricing Model for Index Options and Volatility Derivatives

    DEFF Research Database (Denmark)

    Cont, Rama; Kokholm, Thomas

    2013-01-01

    to be priced consistently, while allowing for jumps in volatility and returns. An affine specification using Lévy processes as building blocks leads to analytically tractable pricing formulas for volatility derivatives, such as VIX options, as well as efficient numerical methods for pricing of European options...... on the underlying asset. The model has the convenient feature of decoupling the vanilla skews from spot/volatility correlations and allowing for different conditional correlations in large and small spot/volatility moves. We show that our model can simultaneously fit prices of European options on S&P 500 across...

  13. Low-Frequency Volatility in China’s Gold Futures Market and Its Macroeconomic Determinants

    Directory of Open Access Journals (Sweden)

    Song Liu

    2015-01-01

    Full Text Available We extract low- and high-frequency volatility from China’s Shanghai gold futures market using an asymmetric Spline-GARCH (ASP-GARCH model. We then regress monthly low-frequency volatility on selected monthly macroeconomic indicators to study the impact of macroeconomy on gold futures market and to test for excess volatility. Our main result is volatility in China’s Shanghai gold futures market resulting from both macroeconomic fluctuations and investor behaviour. Chinese Consumer Price Index Volatility and US dollar volatility are the two main determinants of low-frequency gold volatility. We also find significant evidence of excess volatility, which can in part be explained in terms of loss-aversive investor behaviour.

  14. Formation of volatile decomposition products by self-radiolysis of tritiated thymidine

    International Nuclear Information System (INIS)

    Shiba, Kazuhiro; Mori, Hirofumi

    1997-01-01

    In order to estimate the internal exposure dose in an experiment using tritiated thymidine, the rate of volatile 3 H-decomposition of several tritiated thymidine samples was measured. The decomposition rate of (methyl- 3 H)thymidine in water was over 80% in less than one year after initial analysis. (methyl- 3 H)thymidine was decomposed into volatile and non-volatile 3 H-decomposition products. The ratio of volatile 3 H-decomposition products increased with increasing the rate of the decomposition of (methyl- 3 H) thymidine. The volatile 3 H-decomposition products consisted of two components, of which the main component was tritiated water. Internal exposure dose caused by the inhalation of such volatile 3 H-decomposition products of (methyl- 3 H) thymidine was assumed to be several μSv. (author)

  15. Modeling volatility using state space models.

    Science.gov (United States)

    Timmer, J; Weigend, A S

    1997-08-01

    In time series problems, noise can be divided into two categories: dynamic noise which drives the process, and observational noise which is added in the measurement process, but does not influence future values of the system. In this framework, we show that empirical volatilities (the squared relative returns of prices) exhibit a significant amount of observational noise. To model and predict their time evolution adequately, we estimate state space models that explicitly include observational noise. We obtain relaxation times for shocks in the logarithm of volatility ranging from three weeks (for foreign exchange) to three to five months (for stock indices). In most cases, a two-dimensional hidden state is required to yield residuals that are consistent with white noise. We compare these results with ordinary autoregressive models (without a hidden state) and find that autoregressive models underestimate the relaxation times by about two orders of magnitude since they do not distinguish between observational and dynamic noise. This new interpretation of the dynamics of volatility in terms of relaxators in a state space model carries over to stochastic volatility models and to GARCH models, and is useful for several problems in finance, including risk management and the pricing of derivative securities. Data sets used: Olsen & Associates high frequency DEM/USD foreign exchange rates (8 years). Nikkei 225 index (40 years). Dow Jones Industrial Average (25 years).

  16. Herbivore-induced plant volatiles and tritrophic interactions across spatial scales.

    Science.gov (United States)

    Aartsma, Yavanna; Bianchi, Felix J J A; van der Werf, Wopke; Poelman, Erik H; Dicke, Marcel

    2017-12-01

    Herbivore-induced plant volatiles (HIPVs) are an important cue used in herbivore location by carnivorous arthropods such as parasitoids. The effects of plant volatiles on parasitoids have been well characterised at small spatial scales, but little research has been done on their effects at larger spatial scales. The spatial matrix of volatiles ('volatile mosaic') within which parasitoids locate their hosts is dynamic and heterogeneous. It is shaped by the spatial pattern of HIPV-emitting plants, the concentration, chemical composition and breakdown of the emitted HIPV blends, and by environmental factors such as wind, turbulence and vegetation that affect transport and mixing of odour plumes. The volatile mosaic may be exploited differentially by different parasitoid species, in relation to species traits such as sensory ability to perceive volatiles and the physical ability to move towards the source. Understanding how HIPVs influence parasitoids at larger spatial scales is crucial for our understanding of tritrophic interactions and sustainable pest management in agriculture. However, there is a large gap in our knowledge on how volatiles influence the process of host location by parasitoids at the landscape scale. Future studies should bridge the gap between the chemical and behavioural ecology of tritrophic interactions and landscape ecology. © 2017 The Authors. New Phytologist © 2017 New Phytologist Trust.

  17. Measurement of volatiles, semi-volatiles and heavy metals in an oil burn test

    International Nuclear Information System (INIS)

    Li, K.; Caron, T.; Landriault, M.; Pare, J.R.J.; Fingas, M.

    1992-01-01

    Tests involving meso-scale burning of Louisiana crude oil were conducted, and during each burn, extensive samples were taken from the oil, residue, and the smoke plume. The detailed analytical work employed to obtain and analyze the burn samples is outlined and discussed. The analytical parameters included volatiles and semi-volatiles of environmental interests as well as heavy metals typically contained in the starting crude oil. Because the smoke plume did not always impinge on the samplers, the ground samplers did not collect sufficient samples for a definitive analysis. Crude/residue analyses showed the burn resulted in a significant reduction of polycyclic aromatic hydrocarbons (PAH) in the original oil. Most of the reduction was thought to be simply evaporation or destruction from combustion. The residue did not have the degree of enrichment of the higher molecular weight PAHs as was the case in bench-scale burn experiments. Volatile organic compound and dioxin/furan measurements likewise did not show high levels of contamination from the burn itself. Most of the elevated levels of contaminants could probably be due to evaporation of the oil itself. Insufficient sampling was conducted to investigate the background levels from the weathering process. A novel means of sampling using a small remote controlled helicopter was attempted and sufficiently interesting results were obtained to indicate the potential of this passive sampling device for future work. 5 refs., 4 figs

  18. Volatile metabolites from actinomycetes

    DEFF Research Database (Denmark)

    Scholler, C.E.G.; Gurtler, H.; Pedersen, R.

    2002-01-01

    Twenty-six Streptomyces spp. were screened for their volatile production capacity on yeast starch agar. The volatile organic compounds (VOCs) were concentrated on a porous polymer throughout an 8-day growth period. VOCs were analyzed by gas chromatography with flame ionization detection...... and identified or characterized by gas chromatography-mass spectrometry. A total of 120 VOCs were characterized by retention index and mass spectra. Fifty-three compounds were characterized as terpenoid compounds, among which 18 could be identified. Among the VOCs were alkanes, alkenes, alcohols, esters, ketones....... The relationship between the excretion of geosmin and the production of spores was examined for one isolate. A good correlation between headspace geosmin and the number of spores was observed, suggesting that VOCs could be used to indicate the activity of these microorganisms in heterogeneous substrates....

  19. Compuestos fenólicos del olivo (Olea europea

    Directory of Open Access Journals (Sweden)

    Maestro-Durán, R.

    1994-08-01

    Full Text Available Certain plant properties, such as the colour, the nutritional value, the resistance to microorganisms, the pharmacologic effects and the organoleptic character, are due to the phenolic compounds. It is interesting the study of phenolic compounds from olive because they:

    -Inhibit Gram+ microorganisms, such as Lactobacillus, which are involved in the fermentation of the olive fruit. -Inhibit the activity of cellulases and other enzymes. -Contribute to the stability and organoleptic character of virgin olive oil. -Inhibit the effect of microorganisms involved in the anaerobic depuration of vegetation water. Thus, the phenolic compounds are the major bothersome contaminants of these wastewater. -Have pharmacologic properties (to reduce blood pressure levels. -Are natural antioxidants.

    In the present review we describe the composition of the phenolic compounds from the olive fruit (pulp and seed, the olive oil and its by-products (vegetation water and rape and the olive leaves.

    Ciertas propiedades de las plantas, como el color, valor nutricional, autoprotección contra microorganismos, propiedades farmacológicas o caracteres organolépticos, son debidas a los compuestos fenólicos. Su estudio, en el caso del olivo, es de gran interés por diversas razones:

    -Por su carácter antibiótico, los fenoles de la aceituna inhiben los microorganismos Gram+, como Lactobacillus, necesarios para la fermentación de aceitunas de mesa. -Inhiben la acción de las celulasas y otras enzimas. -Son los responsables de la alta estabilidad de los aceites vírgenes de oliva, así como de alguno de sus caracteres organolépticos. -Inhiben la acción de los microorganismos responsables de la depuración anaerobia de los alpechines y son las sustancias contaminantes de estas aguas residuales cuya degradación para eliminar la DQO presenta más dificultades. -Tienen propiedades

  20. Fibras vegetales colombianas como refuerzo en compuestos de matriz polimérica

    Directory of Open Access Journals (Sweden)

    José Luis Suárez Castañeda

    2017-01-01

    Full Text Available Contexto: Se realizó una búsqueda local de tejidos de fibras vegetales para determinar la composición de los grupos funcionales y morfología de su superficie antes y después de un tratamiento alcalino con miras a su empleo como refuerzo en compuestos de matriz polimérica. Método: La búsqueda se desarrolló dentro del área metropolitana del Valle de Aburrá, Colombia. Las fibras se trataron por inmersión en NaOH disuelto al 6 % w/v por 48 horas, seguida por una neutralización en ácido acético al 1 % v/v por una hora. Posteriormente fueron secadas a 60 °C por 24 horas. Las técnicas empleadas para los análisis fueron la espectroscopía infrarroja por transformada de Fourier (FTIR y la microscopía electrónica de barrido (SEM. Resultados: Se seleccionaron tejidos de fique, yute, corteza de coco, lino y algodón. Los análisis FTIR muestran una tendencia a la disminución de ácidos grasos, hemicelulosas, ligninas y enlaces β en la superficie de las fibras, mientras que las imágenes SEM demuestran la remoción de impurezas, la exposición de rugosidades y la creación de espacios interfibrales. Conclusiones: El tratamiento alcalino podría favorecer el mecanismo de anclaje del polímero termofijo a la superficie de las fibras y la creación de enlaces entre las moléculas polares de las fibras y el polímero termofijo, disminuyendo el deslizamiento relativo entre matriz y refuerzo durante la aplicación de cargas.

  1. Price volatility in wind dominant electricity markets

    DEFF Research Database (Denmark)

    Farashbashi-Astaneh, Seyed-Mostafa; Chen, Zhe

    2013-01-01

    High penetration of intermittent renewable energy sources causes price volatility in future electricity markets. This is specially the case in European countries that plan high penetration levels. This highlights the necessity for revising market regulations and mechanisms in accordance...... to generation combination portfolio. Proposed solutions should be able to tackle with emerging challenges which are mainly due to high variability and unpredictability of intermittent renewable resources. In this paper high price volatility will be introduced as an emerging challenge in wind dominant...... electricity markets. High price volatility is unappreciated because it imposes high financial risk levels to both electricity consumers and producers. Additionally high price variations impede tracking price signals by consumers in future smart grid and jeopardize implementation of demand response concepts...

  2. Volatile components and continental material of planets

    International Nuclear Information System (INIS)

    Florenskiy, K.P.; Nikolayeva, O.V.

    1984-01-01

    It is shown that the continental material of the terrestrial planets varies in composition from planet to planet according to the abundances and composition of true volatiles (H 2 0, CO 2 , etc.) in the outer shells of the planets. The formation of these shells occurs very early in a planet's evolution when the role of endogenous processes is indistinct and continental materials are subject to melting and vaporizing in the absence of an atmosphere. As a result, the chemical properties of continental materials are related not only to fractionation processes but also to meltability and volatility. For planets retaining a certain quantity of true volatile components, the chemical transformation of continental material is characterized by a close interaction between impact melting vaporization and endogeneous geological processes

  3. Volume, Volatility and Public News Announcements

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Li, Jia; Xue, Yuan

    We provide new empirical evidence for the way in which financial markets process information. Our results are based on high-frequency intraday data along with new econometric techniques for making inference on the relationship between trading intensity and spot volatility around public news...... announcements. Consistent with the predictions derived from a theoretical model in which investors agree to disagree, our estimates for the intraday volume-volatility elasticity around the most important news announcements are systematically below unity. Our elasticity estimates also decrease significantly...

  4. Volatility in financial markets: The impact of the global financial crisis

    OpenAIRE

    Valls Ruiz, Natàlia

    2014-01-01

    This dissertation focuses on volatility in financial markets, with a special concern for: (i) volatility transmission between different financial markets and asset categories and, (ii) the effect of macroeconomic announcements on the returns, volatility and correlation of stock markets. These issues are analysed taking into account the phenomenon of asymmetric volatility and incorporating the period of financial turmoil caused by the Global Financial Crisis. The study focuses the attention on...

  5. Treasury bond volatility and uncertainty about monetary policy

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2010-01-01

    We show that dispersion-based uncertainty about the future course of monetary policy is the single most important determinant of Treasury bond volatility across all maturities. The link between Treasury bond volatility and uncertainty about macroeconomic variables is much stronger than for the more

  6. Volatile-mediated interactions between phylogenetically different soil bacteria

    NARCIS (Netherlands)

    Garbeva, P.; Hordijk, C.; Gerards, S.; Boer, de W.

    2014-01-01

    There is increasing evidence that organic volatiles play an important role in interactions between micro-organisms in the porous soil matrix. Here we report that volatile compounds emitted by different soil bacteria can affect the growth, antibiotic production and gene expression of the soil

  7. Indication of bioactive candidates among body volatiles of ...

    African Journals Online (AJOL)

    Gregarious adult locusts are believed to release many bioactive volatiles from their bodies for the mediation of their biological characteristics. The determination of these bioactive body volatiles can contribute to the development of new, environmentally benign methods of locust control. An important locust, Locusta ...

  8. Volatiles produced by the mycophagous soil bacterium Collimonas

    NARCIS (Netherlands)

    Garbeva, P.; Hordijk, C.; Gerards, S.; Boer, de W.

    2014-01-01

    It is increasingly recognized that volatile organic compounds play an import role during interactions between soil microorganisms. Here, we examined the possible involvement of volatiles in the interaction of Collimonas bacteria with soil fungi. The genus Collimonas is known for its ability to grow

  9. Predicting volatility and correlations with Financial Conditions Indexes

    NARCIS (Netherlands)

    Opschoor, A.; van Dijk, D.; van der Wel, M.

    2014-01-01

    We model the impact of financial conditions on asset market volatilities and correlations. We extend the Spline-GARCH model for volatility and DCC model for correlation to allow for inclusion of indexes that measure financial conditions. In our empirical application we consider daily stock returns

  10. Predicting Volatility and Correlations with Financial Conditions Indexes

    NARCIS (Netherlands)

    A. Opschoor (Anne); D.J.C. van Dijk (Dick); M. van der Wel (Michel)

    2014-01-01

    textabstractWe model the impact of financial conditions on asset market volatilities and correlations. We extend the Spline-GARCH model for volatility and DCC model for correlation to allow for inclusion of indexes that measure financial conditions. In our empirical application we consider daily

  11. Exchange Rate Volatility, Inflation Uncertainty and Foreign Direct ...

    African Journals Online (AJOL)

    2008-10-07

    Oct 7, 2008 ... volatility on foreign direct investment (FDI) inflows is important for a developing ... and inflation uncertainty were computed using the GARCH model and the results showed that volatility .... of currency and capital accounts, coupled with stable macroeconomic environment ..... 14.67561 Akaike info criterion.

  12. Implied and Local Volatility Surfaces for South African Index and Foreign Exchange Options

    Directory of Open Access Journals (Sweden)

    Antonie Kotzé

    2015-01-01

    Full Text Available Certain exotic options cannot be valued using closed-form solutions or even by numerical methods assuming constant volatility. Many exotics are priced in a local volatility framework. Pricing under local volatility has become a field of extensive research in finance, and various models are proposed in order to overcome the shortcomings of the Black-Scholes model that assumes a constant volatility. The Johannesburg Stock Exchange (JSE lists exotic options on its Can-Do platform. Most exotic options listed on the JSE’s derivative exchanges are valued by local volatility models. These models needs a local volatility surface. Dupire derived a mapping from implied volatilities to local volatilities. The JSE uses this mapping in generating the relevant local volatility surfaces and further uses Monte Carlo and Finite Difference methods when pricing exotic options. In this document we discuss various practical issues that influence the successful construction of implied and local volatility surfaces such that pricing engines can be implemented successfully. We focus on arbitrage-free conditions and the choice of calibrating functionals. We illustrate our methodologies by studying the implied and local volatility surfaces of South African equity index and foreign exchange options.

  13. Quantitative estimates of the volatility of ambient organic aerosol

    Science.gov (United States)

    Cappa, C. D.; Jimenez, J. L.

    2010-06-01

    Measurements of the sensitivity of organic aerosol (OA, and its components) mass to changes in temperature were recently reported by Huffman et al.~(2009) using a tandem thermodenuder-aerosol mass spectrometer (TD-AMS) system in Mexico City and the Los Angeles area. Here, we use these measurements to derive quantitative estimates of aerosol volatility within the framework of absorptive partitioning theory using a kinetic model of aerosol evaporation in the TD. OA volatility distributions (or "basis-sets") are determined using several assumptions as to the enthalpy of vaporization (ΔHvap). We present two definitions of "non-volatile OA," one being a global and one a local definition. Based on these definitions, our analysis indicates that a substantial fraction of the organic aerosol is comprised of non-volatile components that will not evaporate under any atmospheric conditions; on the order of 50-80% when the most realistic ΔHvap assumptions are considered. The sensitivity of the total OA mass to dilution and ambient changes in temperature has been assessed for the various ΔHvap assumptions. The temperature sensitivity is relatively independent of the particular ΔHvap assumptions whereas dilution sensitivity is found to be greatest for the low (ΔHvap = 50 kJ/mol) and lowest for the high (ΔHvap = 150 kJ/mol) assumptions. This difference arises from the high ΔHvap assumptions yielding volatility distributions with a greater fraction of non-volatile material than the low ΔHvap assumptions. If the observations are fit using a 1 or 2-component model the sensitivity of the OA to dilution is unrealistically high. An empirical method introduced by Faulhaber et al. (2009) has also been used to independently estimate a volatility distribution for the ambient OA and is found to give results consistent with the high and variable ΔHvap assumptions. Our results also show that the amount of semivolatile gas-phase organics in equilibrium with the OA could range from ~20

  14. Volatility of V15Cr5Ti fusion reactor alloy

    International Nuclear Information System (INIS)

    Neilson, R.M. Jr.

    1986-01-01

    One potential hazard from the presence of activation products in fusion facilities is accidental oxidation-driven volatility of those activation products. Scoping experiments were conducted to investigate the oxidation and elemental volatility of candidate fusion reactor alloy V15Cr5Ti as a function of time, temperature, and test atmosphere. Experiments in air and in argon carrier gases containing 10 4 to 10 1 Pa (10 -1 to 10 -4 atm) oxygen were conducted to investigate the lower oxygen partial pressure limit for the formation of a low melting point (approximately 650 0 C), high volatility, oxide layer and its formation rate. Experiments to determine the elemental volatility of alloy constituents in air at temperatures of 700 0 C to greater than 1600 0 C. Some of these volatility experiments used V15Cr5Ti that was arc-remelted to incorporate small quantities (<0.1 wt. %) of Sc and Ca. Incorporation of Sc and Ca in test specimens permitted volatility measurement of radioactive constituents present only after activation of V15Cr5Ti

  15. Determination of volatiles produced during radiation processing in Laurus cinnamomum

    Energy Technology Data Exchange (ETDEWEB)

    Salum, D.C.; Araujo, M.M.; Fanaro, G.B. [Instituto de Pesquisas Energeticas e Nucleares (IPEN/CNEN-SP), Cidade Universitaria, Av. Professor Lineu Prestes 2242, Zip code: 05508-000 Butanta, Sao Paulo, SP (Brazil); Purgatto, E. [Faculdade de Ciencias Farmaceuticas, FCF/USP, Departamento de Alimentos e Nutricao Experimental. Av. Prof. Lineu Prestes, 580 Bloco 14. CEP: 05508-900 Sao Paulo, SP (Brazil)], E-mail: epurgatt@usp.br; Villavicencio, A.L.C.H. [Instituto de Pesquisas Energeticas e Nucleares (IPEN/CNEN-SP), Cidade Universitaria, Av. Professor Lineu Prestes 2242, Zip code: 05508-000 Butanta, Sao Paulo, SP (Brazil)], E-mail: villavic@ipen.br

    2009-07-15

    In order to protect food from pathogenic microorganisms as well as increase its shelf-life, while keeping sensorial properties (e.g., odor and taste), which are important properties required by spice buyers, it is necessary to analyze volatile formation from irradiation of medicinal and food herbs. Possible changes in the odor of these herbs are evaluated by characterizing different radiation doses and effects on sensorial properties, in order to allow better application of the irradiation technology. The aim of the present study was to analyze volatile formation on cinnamon (Laurus cinnamomum) samples after gamma irradiation. These samples were irradiated into plastic packages using a {sup 60}Co facility. Radiation doses applied were 0, 5, 10, 15, 20 and 25 kGy. For the analysis of the samples, solid-phase microextraction (SPME) was applied, while for the analysis of volatile compounds, CG/MS. Spice irradiation showed the highest decrease in volatile compounds. For L. cinnamomum, the irradiation decreased volatile compounds by nearly 56% and 89.5%, respectively, comparing to volatile from a sample which had not been previously irradiated.

  16. Natural sparkling guava wine: volatile and physicochemical characterization

    Directory of Open Access Journals (Sweden)

    Silvana Maria Michelin Bertagnolli

    Full Text Available ABSTRACT: Although different tropical fruit species have been used in the development of fermented beverages, there are only few references in the literature to the production of natural sparkling wines from fruits other than grapes. In this sense, the objective of the present research was the development and physicochemical and volatile characterization of a natural sparkling guava wine produced by the champenoise method. Volatile compounds were identified by gas chromatography coupled to mass spectrometry using the headspace solid-phase microextraction (HS-SPME technique on samples. Eighty-nine volatile compounds were detected, of which 51 were identified. Esters were the predominant class of volatile compounds (a total of 26, followed by alcohols (10, terpenes (9, ketones (3, and acids (3. Volatile compounds with possible odoriferous activity were reported in the beverage, including ethyl octanoate, ethyl 5-hexenoate, phenethyl acetate, (E-β-damascenone, (E-ethyl cinnamate, 2-methyl butyl acetate, 3-methylbutanol, ethyl 3-(E-hexenoate, and methyl 5-hexenoate. Natural sparkling guava wine produced showed a complex composition of fruity and floral aromas. Furthermore, the use of the champenoise method, traditionally applied to grapes, enabled the manufacture of a natural sparkling guava wine with physicochemical characteristics equivalent to those of sparkling wines made from grapes.

  17. Unexpected uncertainty, volatility and decision-making

    Directory of Open Access Journals (Sweden)

    Amy Rachel Bland

    2012-06-01

    Full Text Available The study of uncertainty in decision making is receiving greater attention in the fields of cognitive and computational neuroscience. Several lines of evidence are beginning to elucidate different variants of uncertainty. Particularly, risk, ambiguity and expected and unexpected forms of uncertainty are well articulated in the literature. In this article we review both empirical and theoretical evidence arguing for the potential distinction between three forms of uncertainty; expected uncertainty, unexpected uncertainty and volatility. Particular attention will be devoted to exploring the distinction between unexpected uncertainty and volatility which has been less appreciated in the literature. This includes evidence from computational modelling, neuromodulation, neuroimaging and electrophysiological studies. We further address the possible differentiation of cognitive control mechanisms used to deal with these forms of uncertainty. Particularly we explore a role for conflict monitoring and the temporal integration of information into working memory. Finally, we explore whether the Dual Modes of Control theory provides a theoretical framework for understanding the distinction between unexpected uncertainty and volatility.

  18. Private Sector Credit and Inflation Volatility

    Directory of Open Access Journals (Sweden)

    Lorna Katusiime

    2018-04-01

    Full Text Available This paper investigates the effect of inflation volatility on private sector credit growth. The results indicate that private sector credit growth is positively linked to the one period lagged inflation volatility. Given that past monetary policy actions continue to affect the targeted variables due to the substantial lags in the transmission mechanism, the positive response of private sector credit growth to past inflation volatility suggests a credible monetary policy regime in Uganda, which has led to a reduction in the level of macroeconomic uncertainty and the restoration of favorable economic conditions and prospects, thus increasing the demand for credit. Further, the study finds that the lagged private sector credit growth, nominal exchange rate, and inflation have a statistically significant effect on private sector credit growth while financial innovation, interest rates, and GDP growth appear not to be important determinants of private sector credit growth. The robustness of our findings is confirmed by sensitivity checks.

  19. Effect of volatile and acid accumulation in dung digestion

    Energy Technology Data Exchange (ETDEWEB)

    Rajagopal, G; Pathak, B N

    1966-01-01

    In continuation of laboratory experiments on the anaerobic digestion of cow dung experiments were carried out to determine the limiting concentrations of volatile acids and to investigate methods of regenerating digestion after failure. Volatile acids were increased by adding acetic acid to digesting dung slurry; digestion failed completely when volatile-acid concentration was 6194 mg per litre, at pH 4.4. Attempts were made to regenerate digestion by adding lime, after dilution with water, but although over a period the volatile-acid content was reduced from 5650 to 3730 mg per litre, and the pH value rose on average from 4.5 to 6.3, gas production remained at a low value until additional digested slurry was introduced, leading to resumption of normal digestion.

  20. Metabolism of 210Po in rats: Volatile 210Po from faeces

    International Nuclear Information System (INIS)

    Sadi, B. B.; Li, C.; Wyatt, H.; Bugden, M.; Wilkinson, D.; Kramer, G.

    2011-01-01

    The metabolic formation of volatile 210 Po species in a rat that was intravenously administered with 210 Po-citrate was investigated in this study. A slurry of the faecal sample was prepared in water and was bubbled with nitrogen gas in a closed system. The discharged gas was passed through a trapping device filled with liquid scintillation cocktail in order to capture any volatile 210 Po species. The amount of 210 Po trapped in the scintillation cocktail was measured by a liquid scintillation analyser that provided evidence of the presence of volatile 210 Po species in the faeces. The presence of volatile 210 Po in the faeces indicates that the metabolic formation of volatile 210 Po is likely to occur in the gut due to bacterial activity. The amount of volatile 210 Po species was compared with the daily faecal excretion of 210 Po. After 2 h of bubbling, the volatile 210 Po collected from the faeces sample was found to be between 1.0 and 1.7 % of the daily faecal excretion for the 4 d following 210 Po-citrate administration. (authors)

  1. The Information Content of Corridor Volatility Measures During Calm and Turmoil Periods

    Directory of Open Access Journals (Sweden)

    Elyas Elyasiani

    2017-12-01

    Full Text Available Measurement of volatility is of paramount importance in finance because of the effects on risk measurement and risk management. Corridor implied volatility measures allow us to disentangle the volatility of positive returns from that of negative returns, providing investors with additional information beyond standard market volatility. The aim of the paper is twofold. First, to propose different types of corridor implied volatility and some combinations of them as risk indicators, in order to provide useful information about investors’ sentiment and future market returns. Second, to investigate their usefulness in prediction of market returns under different market conditions (with a particular focus on the subprime crisis and the European debt crisis. The data set consists of daily index options traded on the Italian market and covers the 2005–2014 period. We find that upside corridor implied volatility measure embeds the highest information content about contemporaneous market returns, claiming the superiority of call options in measuring current sentiment in the market. Moreover, both upside and downside volatilities can be considered as barometers of investors’ fear. The volatility measures proposed have forecasting power on future returns only during high volatility periods and in particular during the European debt crisis. The explanatory power on future market returns improves when two of the proposed volatility measures are combined together in the same model.

  2. The world price of jump and volatility risk

    NARCIS (Netherlands)

    Driessen, J.J.A.G.; Maenhout, P.

    2013-01-01

    We study international integration of markets for jump and volatility risk, using index option data for the main global markets. To explain the cross-section of expected option returns we focus on return-based multi-factor models. For each market separately, we provide evidence that volatility and

  3. Exchange Rate Volatility, Inflation Uncertainty and Foreign Direct ...

    African Journals Online (AJOL)

    This article examines the effect of exchange rate volatility and inflation uncertainty on foreign direct investment in Nigeria. The investigation covers the period between 1970 and 2005. Exchange rate volatility and inflation uncertainty were estimated using the GARCH model. Estimation results indicated that exchange rate ...

  4. Exposición natural y experimental a compuestos agroindustriales: efectos sobre variables bioquímicas y parámetros dimórficos de relevancia en la reproducción de caiman latirostris.

    OpenAIRE

    Zayas, Marcelo Alejandro

    2014-01-01

    La exposición a contaminantes ambientales conocidos como perturbadores endocrinos (PE) altera el desarrollo y la función del sistema endocrino afectando a especies tan diversas como anfibios, peces, reptiles, roedores y seres humanos. Los compuestos que han sido clasificados como PE abarcan un amplio espectro de aplicaciones, tales como pesticidas, herbicidas, suplementos dietarios, plásticos, medicamentos y productos cosméticos o de cuidado personal. Tal diversidad ha aumentado la exposición...

  5. Residual stresses and mechanical properties of Si3N4/SiC multilayered composites with different SiC layers; Las tensiones residuales y las propiedades mecánicas de compuestos multicapa de Si3N4/SiC con diferentes capas de SiC

    Energy Technology Data Exchange (ETDEWEB)

    Liua, S.; Lia, Y.; Chena, P.; Lia, W.; Gaoa, S.; Zhang, B.; Yeb, F.

    2017-11-01

    The effect of residual stresses on the strength, toughness and work of fracture of Si3N4/SiC multilayered composites with different SiC layers has been investigated. It may be an effective way to design and optimize the mechanical properties of Si3N4/SiC multilayered composites by controlling the properties of SiC layers. Si3N4/SiC multilayered composites with different SiC layers were fabricated by aqueous tape casting and pressureless sintering. Residual stresses were calculated by using ANSYS simulation, the maximum values of tensile and compressive stresses were 553.2MPa and −552.1MPa, respectively. Step-like fracture was observed from the fracture surfaces. Fraction of delamination layers increased with the residual stress, which can improve the reliability of the materials. Tensile residual stress was benefit to improving toughness and work of fracture, but the strength of the composites decreased. [Spanish] Se ha investigado el efecto de las tensiones residuales en la resistencia, dureza y trabajo de fractura de los compuestos multicapa de Si3N4/SiC con diferentes capas de SiC. Puede ser una manera eficaz de diseñar y optimizar las propiedades mecánicas de los compuestos multicapa de Si3N4/SiC mediante el control de las propiedades de las capas de SiC. Los compuestos multicapa de Si3N4/SiC con diferentes capas de SiC se fabricaron por medio de colado en cinta en medio acuoso y sinterización sin presión. Las tensiones residuales se calcularon mediante el uso de la simulación ANSYS, los valores máximos de las fuerzas de tracción y compresión fueron 553,2 MPa y −552,1 MPa, respectivamente. Se observó una fractura escalonada a partir de las superficies de fractura. La fracción de capas de deslaminación aumenta con la tensión residual, lo que puede mejorar la fiabilidad de los materiales. La fuerza de tracción residual era beneficiosa para la mejora de la dureza y el trabajo de fractura, pero la resistencia de los compuestos disminuyó.

  6. Testing for Co-integration in Vector Autoregressions with Non-Stationary Volatility

    DEFF Research Database (Denmark)

    Cavaliere, Guiseppe; Rahbæk, Anders; Taylor, A.M. Robert

    Many key macro-economic and financial variables are characterised by permanent changes in unconditional volatility. In this paper we analyse vector autoregressions with non-stationary (unconditional) volatility of a very general form, which includes single and multiple volatility breaks as special...

  7. Volatilization behavior of semivolatile elements in vitrification of high-level liquid waste

    International Nuclear Information System (INIS)

    Igarashi, Hiroshi; Kato, Koh; Takahashi, Takeshi

    1991-11-01

    The effect of temperature on the volatilization of ruthenium, technetium, and selenium was observed in calcination experiments with simulated high-level liquid waste. Technetium and selenium were more volatile as calcining temperature increased. Ruthenium was less volatile when temperature exceeded 300degC. More than 80% of ruthenium that volatilized from room temperature to 500degC occurred between 200 and 300degC. A small amount of ruthenium volatilized above 300degC as well as below 135degC. (author)

  8. Uniform bounds for Black--Scholes implied volatility

    OpenAIRE

    Tehranchi, Michael R.

    2015-01-01

    In this note, Black--Scholes implied volatility is expressed in terms of various optimisation problems. From these representations, upper and lower bounds are derived which hold uniformly across moneyness and call price. Various symmetries of the Black--Scholes formula are exploited to derive new bounds from old. These bounds are used to reprove asymptotic formulae for implied volatility at extreme strikes and/or maturities.

  9. The world price of jump and volatility risk

    NARCIS (Netherlands)

    Driessen, J.; Maenhout, P.

    2006-01-01

    Jump and volatility risk are important for understanding equity returns, option pricing and asset allocation. This paper is the first to study international integration of markets for jump and volatility risk, using data on index options for each of the three main global markets: US S&P 500 index

  10. Factor Structure in Commodity Futures Return and Volatility

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Lunde, Asger; Olesen, Kasper Vinther

    -2010 but have since returned to the pre-crisis level close to zero. The common factor in commodity volatility is nevertheless clearly related to stock market volatility. We conclude that, while commodity markets appear to again be segmented from the equity market when only returns are considered, commodity...

  11. Testing for Co-integration in Vector Autoregressions with Non-Stationary Volatility

    DEFF Research Database (Denmark)

    Cavaliere, Giuseppe; Rahbek, Anders Christian; Taylor, A. M. Robert

    Many key macro-economic and …nancial variables are characterised by permanent changes in unconditional volatility. In this paper we analyse vector autoregressions with non-stationary (unconditional) volatility of a very general form, which includes single and multiple volatility breaks as special...

  12. Estimation of Dynamic Panel Data Models with Stochastic Volatility Using Particle Filters

    Directory of Open Access Journals (Sweden)

    Wen Xu

    2016-10-01

    Full Text Available Time-varying volatility is common in macroeconomic data and has been incorporated into macroeconomic models in recent work. Dynamic panel data models have become increasingly popular in macroeconomics to study common relationships across countries or regions. This paper estimates dynamic panel data models with stochastic volatility by maximizing an approximate likelihood obtained via Rao-Blackwellized particle filters. Monte Carlo studies reveal the good and stable performance of our particle filter-based estimator. When the volatility of volatility is high, or when regressors are absent but stochastic volatility exists, our approach can be better than the maximum likelihood estimator which neglects stochastic volatility and generalized method of moments (GMM estimators.

  13. Recent Advances in the Emission and Functions of Plant Vegetative Volatiles

    Directory of Open Access Journals (Sweden)

    Fang Dong

    2016-01-01

    Full Text Available Plants synthesize and emit a large variety of volatile organic compounds, which possess extremely important ecological functions. In most case, most plant volatiles are liquids, rather than gases, at room temperature. Some volatiles are emitted “on demand” when plants, especially vegetative parts, are exposed to abiotic or biotic stress. In this review, we summarize some of the highlights of plant vegetative volatile emission and functions research published during the past few years.

  14. The Effect of Exchange Rate Volatility on Iran’s Raisin Export

    OpenAIRE

    2014-01-01

    Exchange rate volatility is one of the effective and ambiguous factors in agricultural product export. Considering the importance of agricultural trade to avoid single-product economy, the main aim of this study was to investigate the impact of exchange rate volatility on the Raisin export of Iran during the years1959-2011. For this purpose, exchange rate volatility index was estimated using Moving Average Standard Deviation (MASD). Then, the impact of exchange rate volatility on the value of...

  15. Autoradiographic methods for studying marked volatile substances (1961)

    International Nuclear Information System (INIS)

    Cohen, Y.; Wepierre, J.

    1961-01-01

    The autoradiographic methods for animals used up to the present do not make it possible to localise exactly the distribution of marked volatile molecules. The Ullberg method (1954) which we have modified (Cohen, Delassue, 1959) involves cold desiccant. The method due to Pellerin (1957) avoids this desiccant but the histological comparison of the autoradiography with the biological document itself is difficult, if not impossible. Nevertheless, we have adopted certain points in the two methods and propose the following technique for the autoradiographic study of marked volatile molecules: 1- The surface of the frozen sample to be studied is prepared using a freezing microtome. 2- The last section, which is 20 μ thick and whose histological elements are parallel to those of the block, is dried by cooling and is used as the biological reference document for the autoradiography obtained, as is indicated in 3; 3- The radiography films are applied to the frozen block at -30 deg. C. The autoradiographs correspond to the radioactivity of the volatile molecule and of its non-volatile degradation products. 4- The radiographic film is also applied to the 20 μ section previously dried at -20 deg. C. This autoradiography corresponds to the radioactivity of the non-volatile degradation products of the molecule. 5- We confirmed the absence of diffusion of the volatile molecule and of pseudo-radiographic effects (photochemical and others). This method, which has enabled us to study the distribution of a carbide, para-cymene (C 14 ) 7, macroscopically in the case of a whole mouse and microscopically on the skin of a dog, can find general applications. (authors) [fr

  16. System of extraction of volatiles from soil using microwave processes

    Science.gov (United States)

    Ethridge, Edwin C. (Inventor); Kaukler, William F. (Inventor)

    2013-01-01

    A device for the extraction and collection of volatiles from soil or planetary regolith. The device utilizes core drilled holes to gain access to underlying volatiles below the surface. Microwave energy beamed into the holes penetrates through the soil or regolith to heat it, and thereby produces vapor by sublimation. The device confines and transports volatiles to a cold trap for collection.

  17. Sedation with volatile anesthetics in cardiothoracic intensive care unit patients

    OpenAIRE

    Hellström, Jan

    2014-01-01

    Volatile anaesthetics have been reported to provide protection against myocardial ischemia and reperfusion injury. This effect has been demonstrated in experimental studies when the volatile anaesthetics were provided either before (preconditioning) or after the ischemic period (postconditioning). Clinical trials of volatile anaesthetics versus intravenous anaesthesia for coronary artery bypass grafting (CABG) have reported reduced postoperative release of troponin, a biomarker...

  18. Materiales compuestos de matriz metálica. II parte. Métodos de procesado y consolidación de MMCs reforzados con partículas

    Directory of Open Access Journals (Sweden)

    Edil da Costa, Cesar

    2000-06-01

    Full Text Available This work is a review of the different forming and consolidation methods for particulate metal matrix composites. In the first part we focus in the forming methods from raw materials while the second is centred in the consolidation from preforms in order to get the final part.

    En este trabajo se ofrece una revisión de los distintos métodos de conformado y consolidación de materiales compuestos de matriz metálica reforzados con partículas. En una primera parte se hace hincapié en los métodos de conformado a partir de las materias primas y en la segunda en métodos de consolidación final a partir de preformas.

  19. The Pricing of Options on Assets with Stochastic Volatilities.

    OpenAIRE

    Hull, John C; White, Alan D

    1987-01-01

    One option-pricing problem which has hitherto been unsolved is the pricing of European call on an asset which has a stochastic volatility. This paper examines this problem. The option price is determined in series form for the case in which the stochastic volatility is independent of the stock price. Numerical solutions are also produced for the case in which the volatility is correlated with the stock price. It is found that the Black-Scholes price frequently overprices options and that the ...

  20. Asymmetry Effects of shocks in Chinese Stock Markets Volatility

    DEFF Research Database (Denmark)

    Hou, Ai Jun

    2013-01-01

    The unique characteristics of the Chinese stock markets make it difficult to assume a particular distribution for innovations in returns and the specification form of the volatility process when modelling return volatility with the parametric GARCH family models. This paper therefore applies...... a generalized additive nonparametric smoothing technique to examine the volatility of the Chinese stock markets. The empirical results indicate that an asymmetric effect of negative news exists in the Chinese stock markets. Furthermore, compared with other parametric models, the generalized additive...

  1. Eliminación de compuestos farmacéuticos y de cuidado personal (CFCPs) en efluentes anaerobios empleando sistemas biológicos de filtración/adsorción

    OpenAIRE

    Paredes Barro, Lidia

    2013-01-01

    Traballo Fín de Máster en Enxeñaría de Procesos Químicos e Ambientais. Curso 2012-2013 El objetivo principal de este Trabajo Fin de Máster es evaluar la eliminación de compuestos farmacéuticos y de cuidado personal (CFCPs) durante el tratamiento de efluentes anaerobios empleando sistemas biológicos de filtración/adsorción. Para la consecución de este objetivo global se han propuesto los siguientes objetivos específicos: 1-Estudiar cómo afecta el tipo de soporte empleado en el lecho (...

  2. Volatility of source apportioned wintertime organic aerosol in the city of Athens

    Science.gov (United States)

    Louvaris, Evangelos E.; Florou, Kalliopi; Karnezi, Eleni; Papanastasiou, Dimitrios K.; Gkatzelis, Georgios I.; Pandis, Spyros N.

    2017-06-01

    The volatility distribution of ambient organic aerosol (OA) and its components was measured during the winter of 2013 in the city of Athens combining a thermodenuder (TD) and a High Resolution Time-of-Flight Aerosol Mass Spectrometer (HR-ToF-AMS). Positive Matrix Factorization (PMF) analysis of both the ambient and the thermodenuder AMS-spectra resulted in a four-factor solution for the OA, namely: hydrocarbon-like OA (HOA), biomass burning OA (BBOA), cooking OA (COA), and oxygenated OA (OOA). The thermograms of the four factors were analyzed and the corresponding volatility distributions were estimated using the volatility basis set (VBS). All four factors included compounds with a wide range of effective volatilities from 10 to less than 10-4 μg m-3 at 298 K. Almost 40% of the HOA consisted of low-volatility organic compounds (LVOCs) with the semi-volatile compounds (SVOCs) representing roughly 30%, while the remaining 30% consisted of extremely low volatility organic compounds (ELVOCs). BBOA was more volatile than the HOA factor on average, with 10% ELVOCs, 40% LVOCs, and 50% SVOCs. 10% of the COA consisted of ELVOCs, another 65% LVOCs, and 50% SVOCs. Finally, the OOA was the least volatile factor and included 40% ELVOCs, 25% LVOCs, and 35% SVOCs. Combining the volatility distributions and the O:C ratios of the various factors, we placed our results in the 2D-VBS analysis framework of Donahue et al. (2012). HOA and BBOA are in the expected region but also include an ELVOC component. COA is in similar range as HOA, but on average is half an order of magnitude more volatile. The OOA in these wintertime conditions had a moderate O:C ratio and included both semi-volatile and extremely low volatility components. The above results are sensitive to the assumed values of the effective vaporization enthalpy and the accommodation coefficient. A reduction of the accommodation coefficient by an order of magnitude or the reduction of the vaporization enthalpy by 20 kJ mol-1

  3. US Implied Volatility as A predictor of International Returns

    Directory of Open Access Journals (Sweden)

    Mehmet F. Dicle

    2017-12-01

    Full Text Available This study provides evidence of the US implied volatility’s e ect on international equitymarkets’ returns. This evidence has two main implications: i investors may find that foreign equityreturns adjusting to US implied volatility may not provide true diversification benefits, and ii foreignequity returns may be predicted using US implied volatility. Our sample includes US volatility index(VIX and major equity indexes in twenty countries for the period between January, 2000 throughJuly, 2017. VIX leads eighteen of the international markets and Granger causes seventeen of themarkets after controlling for the S&P-500 index returns and the 2007/2008 US financial crisis. USinvestors looking to diversify US risk may find that international equities may not provide intendeddiversification benefits. Our evidence provides support for predictability of international equity returnsbased on US volatility.

  4. The origin of volatiles in the Earth's mantle

    Science.gov (United States)

    Hier-Majumder, Saswata; Hirschmann, Marc M.

    2017-08-01

    The Earth's deep interior contains significant reservoirs of volatiles such as H, C, and N. Due to the incompatible nature of these volatile species, it has been difficult to reconcile their storage in the residual mantle immediately following crystallization of the terrestrial magma ocean (MO). As the magma ocean freezes, it is commonly assumed that very small amounts of melt are retained in the residual mantle, limiting the trapped volatile concentration in the primordial mantle. In this article, we show that inefficient melt drainage out of the freezing front can retain large amounts of volatiles hosted in the trapped melt in the residual mantle while creating a thick early atmosphere. Using a two-phase flow model, we demonstrate that compaction within the moving freezing front is inefficient over time scales characteristic of magma ocean solidification. We employ a scaling relation between the trapped melt fraction, the rate of compaction, and the rate of freezing in our magma ocean evolution model. For cosmochemically plausible fractions of volatiles delivered during the later stages of accretion, our calculations suggest that up to 77% of total H2O and 12% of CO2 could have been trapped in the mantle during magma ocean crystallization. The assumption of a constant trapped melt fraction underestimates the mass of volatiles in the residual mantle by more than an order of magnitude.Plain Language SummaryThe Earth's deep interior contains substantial amounts of volatile elements like C, H, and N. How these elements got sequestered in the Earth's interior has long been a topic of debate. It is generally assumed that most of these elements escaped the interior of the Earth during the first few hundred thousand years to create a primitive atmosphere, leaving the mantle reservoir nearly empty. In this work, we show that the key to this paradox involves the very early stages of crystallization of the mantle from a global magma ocean. Using numerical models, we show

  5. The Determinants of Real Exchange Rate Volatility in Nigeria

    African Journals Online (AJOL)

    Rahel

    magnitude of exchange rate volatility while the federal government exercises control of ... objectives in the area of price stability and economic growth. Volatile real ..... Exchange rate shocks and instability is a common feature of emerging.

  6. Evolution of Volatile Compounds during the Distillation of Cognac Spirit.

    Science.gov (United States)

    Awad, Pierre; Athès, Violaine; Decloux, Martine Esteban; Ferrari, Gérald; Snakkers, Guillaume; Raguenaud, Patrick; Giampaoli, Pierre

    2017-09-06

    Cognac wine spirit has a complex composition in volatile compounds which contributes to its organoleptic profile. This work focused on the batch distillation process and, in particular, on volatile compounds specifically produced by chemical reactions during the distillation of Cognac wine spirit, traditionally conducted in two steps with charentais pot stills. The aim of this study was to characterize these volatile compounds formed during distillation. Sampling has been performed on the distillates and inside the boiler during a typical Cognac distillation. The analysis of these samples allowed us to perform a mass balance and to point out several types of volatile compounds whose quantities strongly increased during the distillation process. These compounds were distinguished by their chemical family. It has been found that the first distillation step was decisive for the formation of volatile compounds. Moreover, 2 esters, 3 aldehydes, 12 norisoprenoids, and 3 terpenes were shown to be generated during the process. These results suggest that some volatile compounds found in Cognac spirit are formed during distillation due to chemical reactions induced by high temperature. These findings give important indications to professional distillers in order to enhance the product's quality.

  7. Characterization of coal types by their content of volatile matter

    Energy Technology Data Exchange (ETDEWEB)

    Scholz, A. (Ruhrkohle A.G., Essen (Germany, F.R.). Qualitaetsstelle)

    1979-08-01

    First of all, the difference between mineral content and ash content, the effect of minerals on the content of volatile matter and the connection between the ash and volatile matter contents is examined. Then three processes are described, to determine the content of organic fuels in the volatile matter of hard coal. The results are compared and the applicability of the processes is assessed. The conversion formulae recommended for the ASTM and NCB classifications are examined regarding their applicability to German types of coal. Finally an equation is proposed, in order to calculate the estimated value for the content of water and mineral free fuel in volatile matter. Apart from the content of volatile matter in water free coal, one only needs the figures ash content and the mineral factor for this. The equation can also be used for mixtures the usability of the equation is tested for Ruhr coal.

  8. Implied Volatility Surface: Construction Methodologies and Characteristics

    OpenAIRE

    Cristian Homescu

    2011-01-01

    The implied volatility surface (IVS) is a fundamental building block in computational finance. We provide a survey of methodologies for constructing such surfaces. We also discuss various topics which can influence the successful construction of IVS in practice: arbitrage-free conditions in both strike and time, how to perform extrapolation outside the core region, choice of calibrating functional and selection of numerical optimization algorithms, volatility surface dynamics and asymptotics.

  9. Chirospecific analysis of plant volatiles

    Energy Technology Data Exchange (ETDEWEB)

    Tkachev, A V [N.N. Vorozhtsov Novosibirsk Institute of Organic Chemistry, Siberian Branch of the Russian Academy of Sciences, Novosibirsk (Russian Federation)

    2007-10-31

    Characteristic features of the analysis of plant volatiles by enantioselective gas (gas-liquid) chromatography and gas chromatography/mass spectrometry are discussed. The most recent advances in the design of enantioselective stationary phases are surveyed. Examples of the preparation of the most efficient phases based on modified cyclodextrins are given. Current knowledge on the successful analytical resolution of different types of plant volatiles (aliphatic and aromatic compounds and mono-, sesqui- and diterpene derivatives) into optical antipodes is systematically described. Chiral stationary phases used for these purposes, temperature conditions and enantiomer separation factors are summarised. Examples of the enantiomeric resolution of fragrance compounds and components of plant extracts, wines and essential oils are given.

  10. Chirospecific analysis of plant volatiles

    International Nuclear Information System (INIS)

    Tkachev, A V

    2007-01-01

    Characteristic features of the analysis of plant volatiles by enantioselective gas (gas-liquid) chromatography and gas chromatography/mass spectrometry are discussed. The most recent advances in the design of enantioselective stationary phases are surveyed. Examples of the preparation of the most efficient phases based on modified cyclodextrins are given. Current knowledge on the successful analytical resolution of different types of plant volatiles (aliphatic and aromatic compounds and mono-, sesqui- and diterpene derivatives) into optical antipodes is systematically described. Chiral stationary phases used for these purposes, temperature conditions and enantiomer separation factors are summarised. Examples of the enantiomeric resolution of fragrance compounds and components of plant extracts, wines and essential oils are given.

  11. GC-MS analysis of off-odor volatiles from irradiated pork

    International Nuclear Information System (INIS)

    Lin Ruotai; Geng Shengrong; Zhang Jinmu; Chen Yuxia; Liu Yangmin; Wang Liping; Wang Hong; Xu Ying; Yao Side

    2007-01-01

    The main compounds of off-odor volatiles from irradiated refrigerated vacuum-packaged pork were analyzed by gas chromatograph/mass spectrometer (GC-MS). The analytical results showed that the main compounds of off-odor volatiles were dimethyl disulfide, dimethyl sulfide, dimethyl trisulfide, S-methyl thioacetate, and methanethiol. It was proved that the off-odor volatile came from irradiated S-containing amino acid and thiamin. (authors)

  12. A realised volatility measurement using quadratic variation and dealing with microstructure effects

    Directory of Open Access Journals (Sweden)

    C du Toit

    2006-12-01

    Full Text Available A volatility measurement that overcomes the respective problems encountered when implementing the realised and Discrete Sine Transform volatility measurements is defined and discussed in this paper. First the shortcomings of these measurements are briefly discussed. Then a modified realised volatility measurement is defined and relevant theoretical results are derived. Finally simulation results are used to evaluate these three volatility measurements.

  13. La brecha digital de género en España y Europa: medición con indicadores compuestos

    Directory of Open Access Journals (Sweden)

    Cecilia Castaño

    2011-01-01

    Full Text Available En esta nota de investigación se presenta un sistema de indicadores compuestos diseñado para describir la brecha digital de género. Esta herramienta, denominada Sistema de Indicadores de Género y TIC (SIGTIC, entendemos que supone un avance en la medición y análisis de la situación diferenciada de mujeres y hombres en la Sociedad de la Información. Su aplicación permite: a hacer comparaciones inter-género, determinadas por el grado de e-igualdad; b realizar análisis intra-género, en función del grado de e-inclusión de cada sexo; y c contextualizar los resultados obtenidos con los correspondientes a 31 países europeos. Además, esa perspectiva analítica transnacional se concreta en unos rankings de países y su clasificación en cinco categorías en función del nivel de uso de TIC, combinado con el grado de igualdad de género existente.

  14. Effect of oil price on Nigeria’s food price volatility

    Directory of Open Access Journals (Sweden)

    Ijeoma C. Nwoko

    2016-12-01

    Full Text Available This study examines the effect of oil price on the volatility of food price in Nigeria. It specifically considers the long-run, short-run, and causal relationship between these variables. Annual data on oil price and individual prices of maize, rice, sorghum, soya beans, and wheat spanning from 2000 to 2013 were used. The price volatility for each crop was obtained using Generalized Autoregressive Conditional Heteroskedascity (GARCH (1, 1 model. Our measure of oil price is the Refiner acquisition cost of imported crude oil. The Augmented Dickey–Fuller and Phillip–Perron unit root tests show that all the variables are integrated of order one, I (1. Therefore, we use the Johansen co-integration test to examine the long-run relationship. Our results show that there is no long-run relationship between oil price and any of the individual food price volatility. Thus, we implement a VAR instead of a VECM to investigate the short-run relationship. The VAR model result revealed a positive and significant short-run relationship between oil price and each of the selected food price volatility with exception of that of rice and wheat price volatility. These results were further confirmed by the impulse response functions. The Granger causality test result indicates a unidirectional causality from oil price to maize, soya bean, and sorghum price volatilities but does not show such relationship for rice and wheat price volatilities. We draw some policy implications of these findings.

  15. Xe isotopic constraints on cycling of deep Earth volatiles

    Science.gov (United States)

    Parai, R.; Mukhopadhyay, S.

    2017-12-01

    The modern deep Earth volatile budget reflects primordial volatiles delivered during accretion, radiogenic ingrowth of volatile species (e.g., 40Ar produced by 40K decay), outgassing in association with mantle processing, and regassing via subduction. The noble gases are unique volatile tracers in that they are chemically inert, but are thought to be trapped within hydrous alteration phases in downwelling lithologies. Noble gases thus provide a tracer of volatile transport between the deep Earth and surface reservoirs. Constraints on the fluxes of noble gases between deep Earth and surface reservoirs over time can accordingly be used to provide insight into temperature conditions at subduction zones, limits on volatile cycling, and the evolving distribution of major volatile species in terrestrial reservoirs over time. Xe isotope systematics in mantle-derived rocks show that 80-90% of the mantle Xe budget is derived from recycling of atmospheric Xe, indicating that atmospheric Xe is retained in subducting slabs beyond depths of magma generation in subduction zones over Earth history. We present an integrated model of Xe cycling between the mantle and atmosphere in association with mantle processing over Earth history. We test a wide variety of outgassing and regassing rates and take the evolution of the atmospheric Xe isotopic composition [e.g., 1] into account. Models in which the deep Earth transitions from a net outgassing to net regassing regime best satisfy Xe isotopic constraints from mantle-derived rocks [2-6]. [1] Avice et al., 2017; Nature Communications, 8; [2] Mukhopadhyay, 2012, Nature 486, 101-104; [3] Parai et al., 2012, EPSL 359-360, 227-239; [4] Parai and Mukhopadhay, 2015, G-cubed 16, 719-735; [5] Peto et al., 2013, EPSL 369-370, 13-23; [6] Tucker et al., 2012, EPSL 355-356, 244-254.

  16. Slow Release of Plant Volatiles Using Sol-Gel Dispensers.

    Science.gov (United States)

    Bian, L; Sun, X L; Cai, X M; Chen, Z M

    2014-12-01

    The black citrus aphid, also known as the tea aphid, (Toxoptera aurantii Boyer) attacks economically important crops, including tea (Camellia sinensis (L.) O. Kuntze). In the current study, silica sol-gel formulations were screened to find one that could carry and release C. sinensis plant volatiles to lure black citrus aphids in a greenhouse. The common plant volatile trans-2-hexen-1-al was used as a model molecule to screen for suitable sol-gel formulations. A zNose (Electronic Sensor Technology, Newbury Park, CA) transportable gas chromatograph was used to continuously monitor the volatile emissions. A sol-gel formulation containing tetramethyl orthosilicate and methyltrimethoxysilane in an 8:2 (vol:vol) ratio was selected to develop a slow-release dispenser. The half-life of trans-2-hexen-1-al in the sol-gel dispenser increased slightly with the volume of this compound in the dispenser. Ten different volatiles were tested in the sol-gel dispenser. Alcohols of 6-10 carbons had the longest half-lives (3.01-3.77 d), while esters of 6-12 carbons had the shortest (1.53-2.28 d). Release of these volatiles from the dispensers could not be detected by the zNose after 16 d (cis-3-hexenyl acetate) to 26 d (3,7-dimethylocta-1,6-dien-3-ol). In greenhouse experiments, trans-2-hexen-1-al and cis-3-hexen-1-ol released from the sol-gel dispensers attracted aphids for ≍17 d, and release of these volatiles could not be detected by the zNose after ≍24 d. The sol-gel dispensers performed adequately for the slow release of plant volatiles to trap aphids in the greenhouse. © 2014 Entomological Society of America.

  17. Price volatility, trading volume, and market depth in Asian commodity futures exchanges

    Directory of Open Access Journals (Sweden)

    Tanachote Boonvorachote

    2016-01-01

    Full Text Available This paper empirically investigates the impact of trading activity including trading volume and open interest on price volatility in Asian futures exchanges. Trading volume and open interest represent market information for investors. This study uses three different definitions of volatility: (1 daily volatility measured by close-to-close returns, (2 non-trading volatility measured by close-to-open returns, and (3 trading volatility measured by open-to-close returns. The impact of trading volume and open interest on price volatility is investigated. Following Bessembinder and Seguin (1993, volume and open interest are divided into expected and unexpected components. The GARCH (1,1 model is employed using expected and unexpected components of trading activity (volume and open interest as explanatory variables. The results show a positive contemporaneous relationship between expected and unexpected trading volume and volatility, while open interest mitigates volatility. Policy makers can use these findings to suggest to investors that trading activity (volume and open interest is a proxy of market information flowing to exchanges, especially unexpected trading activity. New information flowing to exchanges can mostly be noticed in unexpected trading volumes and open interests.

  18. Reacciones de adición a 1,1-BIS (Difenilfosfino) eteno activada por coordinación en compuestos ciclometalados de Pd(II) : complejos de metales de transición con disfosfinas funcionalizadas

    OpenAIRE

    Mosteiro Taboada, Roberto

    2016-01-01

    [Resumen] El trabajo consta de dos partes. La primera estudia la reactividad del doble enlace vinílico de la difosfina 1,1 bis (difenilfosfino)eteno (vdpp) frente a diferentes nucleófilos cuando ésta se encuentra coordinada actuando como ligando bidentado quelato en compuestos ciclometalados. Si bien el doble enlace del grupo vinílico de las fosfina libre presenta una reactividad muy limitada, la coordinación al metal produce su activación permitiendo llevar a cabo reaccion...

  19. The Information Content of Treasury Bond Options Concerning Future Volatility and Price Jumps

    DEFF Research Database (Denmark)

    Busch, Thomas; Christensen, Bent Jesper; Nielsen, Morten Ørregaard

    We study the relation between realized and implied volatility in the bond market. Realizedvolatility is constructed from high-frequency (5-minute) returns on 30 year Treasury bond futures.Implied volatility is backed out from prices of associated bond options. Recent nonparametric statisticaltech......We study the relation between realized and implied volatility in the bond market. Realizedvolatility is constructed from high-frequency (5-minute) returns on 30 year Treasury bond futures.Implied volatility is backed out from prices of associated bond options. Recent nonparametric...... components. We also introduce a new vector HAR (VecHAR) modelfor the resulting simultaneous system, controlling for possible endogeneity of implied volatility inthe forecasting equations. We show that implied volatility is a biased and inefficient forecast in thebond market. However, implied volatility does...

  20. New evidence on the asymmetry in gasoline price: volatility versus margin?

    International Nuclear Information System (INIS)

    Abosedra, S.; Radchenko, S.

    2006-01-01

    This paper examines recent evidence on the role that gasoline margins and volatility play in the asymmetric response of gasoline prices to changes in oil prices at different stages of distribution process. In a regression model with margins, we find that margins are statistically significant in explaining asymmetry between crude oil and spot gasoline prices, spot gasoline prices and wholesale gasoline prices, and wholesale gasoline prices and retail prices. In a regression model with input volatility, we find evidence that volatility is responsible for asymmetry between wholesale gasoline prices and retail gasoline prices. When both, gasoline margins and gasoline volatility are included in the regression, we find evidence supporting margins, the search theory, volatility, the oligopolistic coordination theory and an explanation of asymmetry. (author)