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Sample records for cutting stock problem

  1. A column generation approach to a carpentry cutting stock problem ...

    The carpentry sector like any other industry is faced with a cutting stock problem to minimize incurred waste. The main purpose of this project was to develop a mathematical model which will solve the cutting stock problem using column generation approach for Ashtons Company in Chinhoyi. The interview method was ...

  2. Minimizing waste (off-cuts using cutting stock model: The case of one dimensional cutting stock problem in wood working industry

    Gbemileke A. Ogunranti

    2016-09-01

    Full Text Available Purpose: The main objective of this study is to develop a model for solving the one dimensional cutting stock problem in the wood working industry, and develop a program for its implementation. Design/methodology/approach: This study adopts the pattern oriented approach in the formulation of the cutting stock model. A pattern generation algorithm was developed and coded using Visual basic.NET language. The cutting stock model developed is a Linear Programming (LP Model constrained by numerous feasible patterns. A LP solver was integrated with the pattern generation algorithm program to develop a one - dimensional cutting stock model application named GB Cutting Stock Program. Findings and Originality/value: Applying the model to a real life optimization problem significantly reduces material waste (off-cuts and minimizes the total stock used. The result yielded about 30.7% cost savings for company-I when the total stock materials used is compared with the former cutting plan. Also, to evaluate the efficiency of the application, Case I problem was solved using two top commercial 1D-cutting stock software.  The results show that the GB program performs better when related results were compared. Research limitations/implications: This study round up the linear programming solution for the number of pattern to cut. Practical implications: From Managerial perspective, implementing optimized cutting plans increases productivity by eliminating calculating errors and drastically reducing operator mistakes. Also, financial benefits that can annually amount to millions in cost savings can be achieved through significant material waste reduction. Originality/value: This paper developed a linear programming one dimensional cutting stock model based on a pattern generation algorithm to minimize waste in the wood working industry. To implement the model, the algorithm was coded using VisualBasic.net and linear programming solver called lpsolvedll (dynamic

  3. Solving a combined cutting-stock and lot-sizing problem with a column generating procedure

    Nonås, Sigrid Lise; Thorstenson, Anders

    2008-01-01

    In Nonås and Thorstenson [A combined cutting stock and lot sizing problem. European Journal of Operational Research 120(2) (2000) 327-42] a combined cutting-stock and lot-sizing problem is outlined under static and deterministic conditions. In this paper we suggest a new column generating solutio...... indicate that the procedure works well also for the extended cutting-stock problem with only a setup cost for each pattern change....

  4. Pattern-set generation algorithm for the one-dimensional multiple stock sizes cutting stock problem

    Cui, Yaodong; Cui, Yi-Ping; Zhao, Zhigang

    2015-09-01

    A pattern-set generation algorithm (PSG) for the one-dimensional multiple stock sizes cutting stock problem (1DMSSCSP) is presented. The solution process contains two stages. In the first stage, the PSG solves the residual problems repeatedly to generate the patterns in the pattern set, where each residual problem is solved by the column-generation approach, and each pattern is generated by solving a single large object placement problem. In the second stage, the integer linear programming model of the 1DMSSCSP is solved using a commercial solver, where only the patterns in the pattern set are considered. The computational results of benchmark instances indicate that the PSG outperforms existing heuristic algorithms and rivals the exact algorithm in solution quality.

  5. The two-dimensional cutting stock problem within the roller blind production process

    E.R. de Gelder; A.P.M. Wagelmans (Albert)

    2007-01-01

    textabstractIn this paper we consider a two-dimensional cutting stock problem encountered at a large manufacturer of window covering products. The problem occurs in the production process of made-to-measure roller blinds. We develop a solution method that takes into account the characteristics of

  6. An Efficient Heuristic Approach for Irregular Cutting Stock Problem in Ship Building Industry

    Yan-xin Xu

    2016-01-01

    Full Text Available This paper presents an efficient approach for solving a real two-dimensional irregular cutting stock problem in ship building industry. Cutting stock problem is a common cutting and packing problem that arises in a variety of industrial applications. A modification of selection heuristic Exact Fit is applied in our research. In the case referring to irregular shapes, a placement heuristics is more important to construct a complete solution. A placement heuristic relating to bottom-left-fill is presented. We evaluate the proposed approach using generated instance only with convex shapes in literatures and some instances with nonconvex shapes based on real problem from ship building industry. The results demonstrate that the effectiveness and efficiency of the proposed approach are significantly better than some conventional heuristics.

  7. A parallel solution to the cutting stock problem for a cluster of workstations

    Nicklas, L.D.; Atkins, R.W.; Setia, S.V.; Wang, P.Y. [George Mason Univ., Fairfax, VA (United States)

    1996-12-31

    This paper describes the design and implementation of a solution to the constrained 2-D cutting stock problem on a cluster of workstations. The constrained 2-D cutting stock problem is an irregular problem with a dynamically modified global data set and irregular amounts and patterns of communication. A replicated data structure is used for the parallel solution since the ratio of reads to writes is known to be large. Mutual exclusion and consistency are maintained using a token-based lazy consistency mechanism, and a randomized protocol for dynamically balancing the distributed work queue is employed. Speedups are reported for three benchmark problems executed on a cluster of workstations interconnected by a 10 Mbps Ethernet.

  8. A Computational Analysis of the Traveling Salesman and Cutting Stock Problems

    Gracia María D.

    2015-01-01

    Full Text Available The aim of this article is to perform a computational study to analyze the impact of formulations, and the solution strategy on the algorithmic performance of two classical optimization problems: the traveling salesman problem and the cutting stock problem. In order to assess the algorithmic performance on both problems three dependent variables were used: solution quality, computing time and number of iterations. The results are useful for choosing the solution approach to each specific problem. In the STSP, the results demonstrate that the multistage decision formulation is better than the conventional formulations, by solving 90.47% of the instances compared with MTZ (76.19% and DFJ (14.28%. The results of the CSP demonstrate that the cutting patterns formulation is better than the standard formulation with symmetry breaking inequalities, when the objective function is to minimize the loss of trim when cutting the rolls.

  9. 3D overlapped grouping Ga for optimum 2D guillotine cutting stock problem

    Maged R. Rostom

    2014-09-01

    Full Text Available The cutting stock problem (CSP is one of the significant optimization problems in operations research and has gained a lot of attention for increasing efficiency in industrial engineering, logistics and manufacturing. In this paper, new methodologies for optimally solving the cutting stock problem are presented. A modification is proposed to the existing heuristic methods with a hybrid new 3-D overlapped grouping Genetic Algorithm (GA for nesting of two-dimensional rectangular shapes. The objective is the minimization of the wastage of the sheet material which leads to maximizing material utilization and the minimization of the setup time. The model and its results are compared with real life case study from a steel workshop in a bus manufacturing factory. The effectiveness of the proposed approach is shown by comparing and shop testing of the optimized cutting schedules. The results reveal its superiority in terms of waste minimization comparing to the current cutting schedules. The whole procedure can be completed in a reasonable amount of time by the developed optimization program.

  10. A GRASP METAHEURISTIC FOR THE ORDERED CUTTING STOCK PROBLEM UN META-HEURÍSTICO GRASP PARA EL PROBLEMA DE STOCK DE CORTE ORDENADO

    Rodrigo Rabello Golfeto

    2008-12-01

    Full Text Available This study presents a new mathematical model and a Greedy Randomized Adaptive Search Procedure (GRASP meta-heuristic to solve the ordered cutting stock problem. The ordered cutting stock problem was recently introduced in literature. It is appropriate to minimize the raw material used by industries that deal with reduced product inventories, such as industries that use the just-in-time basis for their production. In such cases, classic models for solving the cutting stock problem are useless. Results obtained from computational experiments for a set of random instances demonstrate that the proposed method can be applied to large industries that process cuts on their production lines and do not stock their products.Este estudio presenta un nuevo modelo matemático y un procedimiento meta-heurístico de búsqueda voraz adaptativa y aleatoria (GRASP, por sus siglas en inglés para resolver el problema de stock de corte ordenado. Éste problema ha sido introducido recientemente en la literatura. Es apropiado minimizar la materia prima usada por las industrias que manipulan inventarios reducidos de productos, tales como las industrias que usan la base justo a tiempo para su producción. En tales casos, los modelos clásicos para resolver el problema de stock de corte ordenado son inútiles. Los resultados obtenidos, mediante experimentos computacionales para un conjunto de ejemplos aleatorios, demuestran que el método propuesto puede ser aplicado a industrias grandes que procesan cortes en sus líneas de producción y no mantienen en stock sus productos.

  11. Visual nesting system for irregular cutting-stock problem based on rubber band packing algorithm

    Xiaoping Liao

    2016-05-01

    Full Text Available This article deals with the packing problem of irregular items allocated into a rectangular sheet to minimize the waste. Conventional solution is not visual during the packing process. It obtains a reasonable and relatively satisfactory solution between the nesting time and nesting solution. This article adopts a physical method that uses rubber band packing algorithm to simulate a rubber band wrapping those packing irregular items. The simulation shows a visual and fast packing process. The resultant rubber band force is applied in the packing items to translate, rotate, and slide them to make the area decrease and obtain a high packing density. An improved analogy QuickHull algorithm is presented to obtain extreme points of rubber band convex hull. An adaptive module could set a variable rubber band force and a variable time step to make a proper convergence and no intersection. A quick convex decomposition method is used to solve the problem of concave polygon. A plural vector expression approach is adopted to calculate the resultant vector of the rubber band force. Several cases are compared with the benchmark problems to prove rubber band packing algorithm performance.

  12. OPTIMASI CUTTING STOCK PADA INDUSTRI PEMOTONGAN KERTAS DENGAN MENGGUNAKAN METODE INTEGER LINEAR PROGRAMMING (Studi Kasus di Bhinneka – Semarang

    Denny Nurkertamanda

    2012-02-01

    Full Text Available In paper cutting industry, cutting stock problem (CSP is a problem about how to cutting paper depends on quantity and specify of the demand. CSP related with dimension of pieces and rectangle which is use. In this research, we use one type dimension of rectangle and six type dimension of pieces and cutting all paper by two stage guillotine pattern. The major focus of this research is to formulate the paper cutting problem using integer linear programming. Cutting large objects into small pieces can be found in many industries. Inevitably, the cutting processes produce trim loss. On the rectangle we can put some different dimension of pieces then we can make certain pattern. The modification pattern have to produce minimum trim loss. Thus to develop optimal cutting pattern to reduce trim loss is the main purpose of this research. To reach that, we use branch and bound algorithm then continued with sensitivity analysis.  From the research, we get optimum patten of paper cutting and quantity production for that pattern. Decision for quantity production depends on average demand every day. Beside that, we also give some alternative rules of production system which can take by the company.   Keywords :   Cutting stock problem, two stage guillotine pattern, branch and bound algorithm

  13. Optimal Wafer Cutting in Shuttle Layout Problems

    Nisted, Lasse; Pisinger, David; Altman, Avri

    2011-01-01

    . The shuttle layout problem is frequently solved in two phases: first, a floorplan of the shuttle is generated. Then, a cutting plan is found which minimizes the overall number of wafers needed to satisfy the demand of each die type. Since some die types require special production technologies, only compatible...

  14. Reachability cuts for the vehicle routing problem with time windows

    Lysgaard, Jens

    2004-01-01

    This paper introduces a class of cuts, called reachability cuts, for the Vehicle Routing Problem with Time Windows (VRPTW). Reachability cuts are closely related to cuts derived from precedence constraints in the Asymmetric Traveling Salesman Problem with Time Windows and to k-path cuts...

  15. Optimal planting systems for cut gladiolus and stock production

    Iftikhar Ahmad

    2017-10-01

    Full Text Available A study was conducted to elucidate the effect of different planting systems, videlicet (viz. flat, ridge, and raised bed system on growth, yield and quality of gladiolus and stock. Corms of ‘Rose Supreme’ and ‘White Prosperity’ gladiolus and seedlings of ‘Cheerful White’, ‘Lucinda Dark Rose Double’ and ‘Lucinda Dark Rose Single’ stock were planted on different planting systems in individual experiments for each species. Gladiolus had similar good quality production irrespective of planting systems with numerical superiority of ridge planting, which produced longer stems with higher stem fresh weight, but delayed corm sprouting by ca. 1 d compared to raised bed or flat planting system. Among cultivars, ‘Rose Supreme’ produced higher number of florets per spike, taller stems with longer spikes, higher fresh weight of stems and higher number of cormels than ‘White Prosperity’. Stock plants grown on flat beds produced stems with greater stem length, leaf area and fresh weight of stems compared to ridge or raised bed planting systems. Plants grown on ridges produced the highest stem diameter, number of leaves per plant, total leaf chlorophyll contents, and number of flowers per spike. ‘Cheerful White’ and ‘Lucinda Dark Rose Double’ performed best by producing good quality stems in shorter period compared to ‘Lucinda Dark Rose Single’. In summary, gladiolus should be grown on ridges, while stock may be planted on flat beds for higher yields of better quality flowers.

  16. Modelos de otimização para o problema de corte nas indústrias de papel e papelão e de móveis Optimization models of the cutting stock problem in furniture and corrugated paper industries

    Reinaldo Morábito

    1994-04-01

    Full Text Available Este trabalho examina alguns modelos de otimização conhecidos da literatura para o problema de corte, e reporta uma experiência real da aplicação destes modelos numa indústria de papel e papelão (problema unidimensional e numa indústria de móveis (problema bidimensional. Também são discutidas algumas modificações nos modelos originais para incorporar restrições práticas dos processos de corte, tais como, unidades de estoque com tamanhos e custos diferentes, tolerância na demanda de clientes, entre outras. Alguns resultados computacionais são apresentados para um exemplo real da indústria de móveis, utilizando-se um microcomputador.This work examines some well-known optimization models for the cutting stock problem and reports a real experience of their application to a corrugated paper industry (one- dimensional problem and to a furniture industry (two-dimensional problem. It is also discussed some modifications in the original models to incorporate practical constraints of the cutting processes, such as tolerance in the customer orders, among others. Some computational results from a real example of the furniture industry are presented utilizing a micro-computer.

  17. Thermophysical problems of laser cutting of metals

    Orishich Anatoliy

    2017-01-01

    Full Text Available Variety and complex interaction of physical processes during laser cutting is a critical characteristic of the laser cutting of metals. Small spatial and temporal scales complicate significantly the experimental investigations of the multi-phase fluid flow in the conditions of laser cutting of metals. In these conditions, the surface formed during the cutting is an indicator determining the melt flow character. The quantitative parameter reflecting the peculiarities of the multi-phase fluid flow, is normally the roughness of the forming surface, and the minimal roughness is the criterion of the qualitative flow [1 – 2]. The purpose of this work is to perform the experimental comparative investigation of the thermophysical pattern of the multi-phase melt flow in the conditions of the laser cutting of metals with the laser wavelength of 10.6 μm and 1.07 μm.

  18. Ant Colony Optimization and the Minimum Cut Problem

    Kötzing, Timo; Lehre, Per Kristian; Neumann, Frank

    2010-01-01

    Ant Colony Optimization (ACO) is a powerful metaheuristic for solving combinatorial optimization problems. With this paper we contribute to the theoretical understanding of this kind of algorithm by investigating the classical minimum cut problem. An ACO algorithm similar to the one that was prov...

  19. O problema combinado de planejamento da produção e corte de estoque sob incertezas: aplicação em fábricas de móveis de pequeno porte The integrated problem of production planning and cutting stock under uncertainties: application in small-scale furniture plants

    Douglas Alem

    2013-03-01

    Full Text Available Esse trabalho investiga um problema combinado de planejamento da produção e corte de estoque comum em fábricas de móveis de pequeno porte, onde os custos de produção envolvidos no processo de manufatura e as demandas dos produtos não são conhecidos com precisão. Para lidar com essas incertezas, foram propostos modelos de otimização robusta que permitem controlar o conservadorismo da solução de acordo com a atitude do decisor em relação ao risco. Experimentos computacionais baseados em dados reais de uma planta moveleira mostraram que é possível obter soluções robustas sem sacrificar em demasia o custo total. Além disso, observou-se que estratégias tipicamente utilizadas na prática para lidar com as incertezas podem gerar planos de produção com custos totais proibitivos.This paper investigates an integrated production planning and cutting stock problem that is common in small-scale furniture plants, in which the production costs involved in the manufacturing process and the demands for the products are not known precisely. To deal with these uncertainties, robust optimization models that control the conservatism of the solution according to the attitude of the decision maker towards risk were proposed. Computational experiments based on real data from a furniture plant showed that it is possible to obtain robust solutions without overly sacrificing the total cost. In addition, it was observed that commonly used strategies to deal with uncertainty issues can result in production plans with prohibitive total costs.

  20. The ecological production of cleans stock-breeding problems

    Meldebekov, A.M.

    2002-01-01

    KazSRTIS have made researches on study of maintenance in cows' milk developed in Almaty's region, determination of heavy metal salts and radionuclides. It has been noted that maintenance of mercury, lead, cupper and zinc increased in suburb's housekeeping cows' milk, which was disposed nearly international highway and industry activities. It is known that entering radionuclides human organism happens by food chain 'soil - vegetable cover - animals product stock-breeding -person'. Animals transformer stern's plants energy at the in conclusion it allows to take the compare with initial vegetable exponent more ecological tidy products limits stream toxic elements in food series of person. It lets to study agricultural animals, how 'biological filter' in production ecological clean and healthy product of food. Changing structure and set stern's rationals, method contents the limit of animals stream manufacturing pollution from soil vegetable cover agricultural used in milk and in mead from 2 till 5 times. Utilisation tidy stern's in final period fatten meat cattle give possibility to clean the organs and tissue of animals which representative food's value from admixture to level, corresponding medical - hygienic standards. It is necessary to make analysis on compound investigation on the effect of radionuclides in agricultural animals, namely to utilize them, that really barrier migrate toxic elements in captured chain of person. The ways of solutions in ecological stock-breeding problems are next: to show up ecological tidy and ecological unsuccessful places; to study rules of transition in basic pollutions of food chains; toxic elements limitation rules in stock-breeding production; utilization manufactory-polluted territories from technological elements for stock-breeding

  1. A PROBLEM OF CUTTING OFF THE LAMINATED SEMIS TYPE PLATE

    Florin Ciofu

    2012-11-01

    Full Text Available A problem often coped on many domains such as wood manufacturing, glass, plastics and metallic platework industry, is the shaping or cutting off a big plate in many pieces. With this purpose there are algorithms of optimizing for positioning the parts following to be cut off from a row plate. From mathematical point of view, in positioning the parts on a raw plate the number of solutions increase four times evrey time a new part is added, and in case of finding the best solution for about few hundreds of pieces or parts would require years of processing on the most performant computers nowadays – for an analogy remember the famous story with the rice beads which the King had to pay to the master teaching him the chess: twice more for each square of the chessboard; for the total quantity assessment, King ascertained that the crops in his whole life wouldn’t have been enough.

  2. A Stocking Guide for Allegheny Hardwoods and Its Use in Controlling Intermediate Cuttings

    Benjamin A. Roach

    1977-01-01

    A stocking guide for stands of Allegheny hardwoods (sugar maple or sugar maple-beech with varying admixtures of black cherry, red maple, white ash, sweet birch, and other species) on the Allegheny Plateau in northwestern Pennsylvania. Included are procedures for evaluating stocking and stand conditions, thinning even-aged stands, determining minimum residual stocking,...

  3. Implementation of the geometrical problem in CNC metal cutting machine

    Erokhin V.V.

    2017-06-01

    Full Text Available The article deals with the tasks of managing the production process (technological process and technological equip-ment, the most detailed analysis of the implementation of the geometric problem in CNC machines. The influence of the solution of the geometric CNC problem on the accuracy of workpiece machining is analyzed by implementing a certain interpolation algorithm and the values of the discreteness of the movements of the working bodies of the CNC machine. The technique of forming a given trajectory of motion of the machine's executive organ is given, by means of which it is required to ensure the coordinated movement of the shaping coordinates according to a certain law, depend-ing on the specified trajectory of the cutting edge of the tool. The advantages and disadvantages of the implementation of interpolation in CNC systems by various methods are considered, and particular attention is paid to combined meth-ods of realizing interpolation.

  4. Cutting

    ... Staying Safe Videos for Educators Search English Español Cutting KidsHealth / For Teens / Cutting What's in this article? ... Getting Help Print en español Cortarse What Is Cutting? Emma's mom first noticed the cuts when Emma ...

  5. The complexity of the matching-cut problem for planar graphs and other graph classes

    Bonsma, P.S.

    2009-01-01

    The Matching-Cut problem is the problem to decide whether a graph has an edge cut that is also a matching. Previously this problem was studied under the name of the Decomposable Graph Recognition problem, and proved to be -complete when restricted to graphs with maximum degree four. In this paper it

  6. Optimizing selective cutting strategies for maximum carbon stocks and yield of Moso bamboo forest using BIOME-BGC model.

    Mao, Fangjie; Zhou, Guomo; Li, Pingheng; Du, Huaqiang; Xu, Xiaojun; Shi, Yongjun; Mo, Lufeng; Zhou, Yufeng; Tu, Guoqing

    2017-04-15

    The selective cutting method currently used in Moso bamboo forests has resulted in a reduction of stand productivity and carbon sequestration capacity. Given the time and labor expense involved in addressing this problem manually, simulation using an ecosystem model is the most suitable approach. The BIOME-BGC model was improved to suit managed Moso bamboo forests, which was adapted to include age structure, specific ecological processes and management measures of Moso bamboo forest. A field selective cutting experiment was done in nine plots with three cutting intensities (high-intensity, moderate-intensity and low-intensity) during 2010-2013, and biomass of these plots was measured for model validation. Then four selective cutting scenarios were simulated by the improved BIOME-BGC model to optimize the selective cutting timings, intervals, retained ages and intensities. The improved model matched the observed aboveground carbon density and yield of different plots, with a range of relative error from 9.83% to 15.74%. The results of different selective cutting scenarios suggested that the optimal selective cutting measure should be cutting 30% culms of age 6, 80% culms of age 7, and all culms thereafter (above age 8) in winter every other year. The vegetation carbon density and harvested carbon density of this selective cutting method can increase by 74.63% and 21.5%, respectively, compared with the current selective cutting measure. The optimized selective cutting measure developed in this study can significantly promote carbon density, yield, and carbon sink capacity in Moso bamboo forests. Copyright © 2017 Elsevier Ltd. All rights reserved.

  7. A Two Population Model for the Stock Market Problem

    Skiadas, Christos H.

    The development of the last year disaster in the Stock Markets all over the world gave rise to reconsidering the previous models used. It is clear that, even in an organized international or national context, large fluctuations and sudden losses may occur. This paper explores a two populations' model. The populations are conflicting into the same environment (a Stock Market) by following the main rules present, that is mutual interaction between adopters, potential adopters, word-of-mouth communication and of course by taking into consideration the innovation diffusion process. The proposed model has special futures expressed by third order terms providing characteristic stationary points.

  8. A branch-and-cut-and-price algorithm for the mixed capacitated general routing problem

    Bach, Lukas; Wøhlk, Sanne; Lysgaard, Jens

    2016-01-01

    In this paper, we consider the Mixed Capacitated General Routing Problem which is a combination of the Capacitated Vehicle Routing Problem and the Capacitated Arc Routing Problem. The problem is also known as the Node, Edge, and Arc Routing Problem. We propose a Branch-and-Cut-and-Price algorithm...

  9. The stock selection problem: Is the stock selection approach more important than the optimization method? Evidence from the Danish stock market

    Grobys, Klaus

    2011-01-01

    Passive investment strategies basically aim to replicate an underlying benchmark. Thereby, the management usually selects a subset of stocks being employed in the optimization procedure. Apart from the optimization procedure, the stock selection approach determines the stock portfolios' out-of-sample performance. The empirical study here takes into account the Danish stock market from 2000-2010 and gives evidence that stock portfolios including small companies' stocks being estimated via coin...

  10. Disjunctive cuts in a branch-and-price algorithm for the capacitated vehicle routing problem

    Røpke, Stefan

    This talk presents computational results that show the usefulness of the general-purpose valid inequalities disjunctive cuts when applied to the CVRP. Results indicate that the disjunctive cuts are able to reduce the gap between lower bound and upper bound more than state-of-the-art problem...... specific inequalities. Results also indicate that introducing the cuts leads to a smaller branch and bound tree and faster solution times overall....

  11. A note on Fenchel cuts for the single-node flow problem

    Klose, Andreas

    The single-node flow problem, which is also known as the single-sink fixed-charge transportation problem, consists in finding a minimum cost flow from a number of nodes to a single sink. The flow cost comprise an amount proportional to the quantity shipped as well as a fixed charge. In this note......, some structural properties of Fenchel cutting planes for this problem are described. Such cuts might then be applied for solving, e.g., fixed-charge transportation problems and more general fixed-charge network flow problems....

  12. An approximate approach for the joint problem of level of repair analysis and spare parts stocking

    Basten, R.J.I.; Heijden, van der M.C.; Schutten, J.M.J.

    2011-01-01

    For the spare parts stocking problem, generally metric type methods are used in the context of capital goods. Implicitly, a decision is assumed on which components to discard and which to repair upon failure, and where to perform repairs. In the military world, this decision is taken explicitly

  13. Taking Stock of Risk Factors for Child/Youth Externalizing Behavior Problems.

    Hann, Della M., Ed.

    Research on child and adolescent conduct problems has proliferated over the past 15 years, resulting in an extensive array of risk factors, processes, and targets for intervention. To capitalize fully on this extensive research base and contribute effectively to public mental health, the field now needs to take stock of what is known about child…

  14. An approximate approach for the joint problem of level of repair analysis and spare parts stocking.

    Basten, Robertus Johannes Ida; van der Heijden, Matthijs C.; Schutten, Johannes M.J.

    2011-01-01

    For the spare parts stocking problem, generally metric type methods are used in the context of capital goods. Implicitly, a decision is assumed on which components to discard and which to repair upon failure, and where to perform repairs. In the military world, this decision is taken explicitly

  15. Heuristic algorithms for solving of the tool routing problem for CNC cutting machines

    Chentsov, P. A.; Petunin, A. A.; Sesekin, A. N.; Shipacheva, E. N.; Sholohov, A. E.

    2015-11-01

    The article is devoted to the problem of minimizing the path of the cutting tool to shape cutting machines began. This problem can be interpreted as a generalized traveling salesman problem. Earlier version of the dynamic programming method to solve this problem was developed. Unfortunately, this method allows to process an amount not exceeding thirty circuits. In this regard, the task of constructing quasi-optimal route becomes relevant. In this paper we propose options for quasi-optimal greedy algorithms. Comparison of the results of exact and approximate algorithms is given.

  16. Solving project scheduling problems by minimum cut computations

    Möhring, R.H.; Schulz, A.S.; Stork, F.; Uetz, Marc Jochen

    In project scheduling, a set of precedence-constrained jobs has to be scheduled so as to minimize a given objective. In resource-constrained project scheduling, the jobs additionally compete for scarce resources. Due to its universality, the latter problem has a variety of applications in

  17. Managing the Budget: Stock-Flow Reasoning and the CO2 Accumulation Problem.

    Newell, Ben R; Kary, Arthur; Moore, Chris; Gonzalez, Cleotilde

    2016-01-01

    The majority of people show persistent poor performance in reasoning about "stock-flow problems" in the laboratory. An important example is the failure to understand the relationship between the "stock" of CO2 in the atmosphere, the "inflow" via anthropogenic CO2 emissions, and the "outflow" via natural CO2 absorption. This study addresses potential causes of reasoning failures in the CO2 accumulation problem and reports two experiments involving a simple re-framing of the task as managing an analogous financial (rather than CO2 ) budget. In Experiment 1 a financial version of the task that required participants to think in terms of controlling debt demonstrated significant improvements compared to a standard CO2 accumulation problem. Experiment 2, in which participants were invited to think about managing savings, suggested that this improvement was fortuitous and coincidental rather than due to a fundamental change in understanding the stock-flow relationships. The role of graphical information in aiding or abetting stock-flow reasoning was also explored in both experiments, with the results suggesting that graphs do not always assist understanding. The potential for leveraging the kind of reasoning exhibited in such tasks in an effort to change people's willingness to reduce CO2 emissions is briefly discussed. Copyright © 2015 Cognitive Science Society, Inc.

  18. Solving the Problem of Relocation of Residents from Old and Unfit Housing Stock

    Prokopovich Vladimir Pavlovich

    2014-06-01

    Full Text Available The speed of construction does not solve the problem of relocating the residents from old and unfit housing stock, the number of which exceeds the maximum permissible values. To assess housing stock condition, the author uses a model describing the path traversed by an accelerated body. The graphic analogue of model is a coil spring with a variable, increasing step, from which it follows that the volume of old and unfit housing stock is growing exponentially. The proposed model helps to project possible consequences of slow relocation, to plan necessary annual volume of new construction for relocation of the residents, as well as to assess the additional resources for preventing accidents.

  19. A branch-and-cut-and-price algorithm for the cumulative capacitated vehicle routing problem

    Wøhlk, Sanne; Lysgaard, Jens

    2014-01-01

    The paper considers the Cumulative Capacitated Vehicle Routing Problem (CCVRP), which is a variation of the well-known Capacitated Vehicle Routing Problem (CVRP). In this problem, the traditional objective of minimizing total distance or time traveled by the vehicles is replaced by minimizing...... the sum of arrival times at the customers. A branch-and-cut-and-price algorithm for obtaining optimal solutions to the problem is proposed. Computational results based on a set of standard CVRP benchmarks are presented....

  20. An improved cut-and-solve algorithm for the single-source capacitated facility location problem

    Gadegaard, Sune Lauth; Klose, Andreas; Nielsen, Lars Relund

    2018-01-01

    In this paper, we present an improved cut-and-solve algorithm for the single-source capacitated facility location problem. The algorithm consists of three phases. The first phase strengthens the integer program by a cutting plane algorithm to obtain a tight lower bound. The second phase uses a two......-level local branching heuristic to find an upper bound, and if optimality has not yet been established, the third phase uses the cut-and-solve framework to close the optimality gap. Extensive computational results are reported, showing that the proposed algorithm runs 10–80 times faster on average compared...

  1. A branch-and-cut algorithm for the capacitated open vehicle routing problem

    Letchford, A.N.; Lysgaard, Jens; Eglese, R.W.

    2007-01-01

    -and-cut. We show that, even though the open CVRP initially looks like a minor variation of the standard CVRP, the integer programming formulation and cutting planes need to be modified in subtle ways. Computational results are given for several standard test instances, which enables us for the first time...... to assess the quality of existing heuristic methods, and to compare the relative difficulty of open and closed versions of the same problem....

  2. A Branch-and-Cut Algorithm for the Capacitated Open Vehicle Routing Problem

    Letchford, Adam N.; Lysgaard, Jens; Eglese, Richard W.

    -and-cut. We show that, even though the open CVRP initially looks like a minor variation of the standard CVRP, the integer programming formulation and cutting planes need to be modified in subtle ways. Computational results are given for several standard test instances, which enables us for the first time...... to assess the quality of existing heuristic methods, and to compare the relative difficulty of open and closed versions of the same problem....

  3. A branch-and-cut algorithm for the Time Window Assignment Vehicle Routing Problem

    K. Dalmeijer (Kevin); R. Spliet (Remy)

    2016-01-01

    textabstractThis paper presents a branch-and-cut algorithm for the Time Window Assignment Vehicle Routing Problem (TWAVRP), the problem of assigning time windows for delivery before demand volume becomes known. A novel set of valid inequalities, the precedence inequalities, is introduced and

  4. Branch-and-cut-and-price for the traveling salesman problem with time windows

    Røpke, Stefan; Madsen, Oli B.G.

    In the traveling salesman problem with time windows (TSPTW) one is given a depot and a set of nodes to be visited by a salesman. The salesman starts his trip at the depot and must visit all nodes while respecting time windows at the nodes. The objective of the problem is to minimize the total...... distance traveled by the salesman. The TSPTW is formulated as a set-partitioning problem which is solved by using combined cut and column generation. The pricing sub problem in the column generation procedure is a shortest path problem with time window constraints and 2-cycle elimination. A standard column...

  5. Branch-and-cut algorithms for the split delivery vehicle routing problem

    Archetti, Claudia; Bianchessi, Nicola; Speranza, M. Grazia

    2014-01-01

    In this paper we present two exact branch-and-cut algorithms for the Split Delivery Vehicle Routing Problem (SDVRP) based on two relaxed formulations that provide lower bounds to the optimum. Procedures to obtain feasible solutions to the SDVRP from a feasible solution to the relaxed formulations

  6. A branch-and-price algorithm for solving the cutting strips problem

    Chen, Zhiping; Hurkens, C.A.J.; Jong, de J.L.

    1997-01-01

    After giving a suitable model for the cutting strips problem, we present a branch-and-price algorithm for it by combining the column generation technique and the branch-and-bound method with LP relaxations. Some theoretical issues and implementation details about the algorithm are discussed,

  7. A Combinatorial Benders’ Cuts Algorithm for the Local Container Drayage Problem

    Zhaojie Xue

    2015-01-01

    Full Text Available This paper examines the local container drayage problem under a special operation mode in which tractors and trailers can be separated; that is, tractors can be assigned to a new task at another location while trailers with containers are waiting for packing or unpacking. Meanwhile, the strategy of sharing empty containers between different customers is also considered to improve the efficiency and lower the operation cost. The problem is formulated as a vehicle routing and scheduling problem with temporal constraints. We adopt combinatorial benders’ cuts algorithm to solve this problem. Numerical experiments are performed on a group of randomly generated instances to test the performance of the proposed algorithm.

  8. Stock Market Index Data and indicators for Day Trading as a Binary Classification problem.

    Bruni, Renato

    2017-02-01

    Classification is the attribution of labels to records according to a criterion automatically learned from a training set of labeled records. This task is needed in a huge number of practical applications, and consequently it has been studied intensively and several classification algorithms are available today. In finance, a stock market index is a measurement of value of a section of the stock market. It is often used to describe the aggregate trend of a market. One basic financial issue would be forecasting this trend. Clearly, such a stochastic value is very difficult to predict. However, technical analysis is a security analysis methodology developed to forecast the direction of prices through the study of past market data. Day trading consists in buying and selling financial instruments within the same trading day. In this case, one interesting problem is the automatic individuation of favorable days for trading. We model this problem as a binary classification problem, and we provide datasets containing daily index values, the corresponding values of a selection of technical indicators, and the class label, which is 1 if the subsequent time period is favorable for day trading and 0 otherwise. These datasets can be used to test the behavior of different approaches in solving the day trading problem.

  9. Stock Market Index Data and indicators for Day Trading as a Binary Classification problem

    Renato Bruni

    2017-02-01

    Full Text Available Classification is the attribution of labels to records according to a criterion automatically learned from a training set of labeled records. This task is needed in a huge number of practical applications, and consequently it has been studied intensively and several classification algorithms are available today. In finance, a stock market index is a measurement of value of a section of the stock market. It is often used to describe the aggregate trend of a market. One basic financial issue would be forecasting this trend. Clearly, such a stochastic value is very difficult to predict. However, technical analysis is a security analysis methodology developed to forecast the direction of prices through the study of past market data. Day trading consists in buying and selling financial instruments within the same trading day. In this case, one interesting problem is the automatic individuation of favorable days for trading. We model this problem as a binary classification problem, and we provide datasets containing daily index values, the corresponding values of a selection of technical indicators, and the class label, which is 1 if the subsequent time period is favorable for day trading and 0 otherwise. These datasets can be used to test the behavior of different approaches in solving the day trading problem.

  10. New Facets and a Branch-and-Cut Algorithm for the Weighted Clique Problem

    Sørensen, Michael Malmros

    2001-01-01

    of facet defining inequalities in a branch-and-cut algorithm for the problem. We give a description of this algorithm, including some separation procedures, and present the computational results for different sets of test problems. The computation times that are obtained indicate that this algorithm...... four new classes of facet defining inequalities for the associated b-clique polytope. One of these inequality classes constitutes a generalization of the well known tree inequalities; the other classes are associated with multistars. We utilize these inequality classes together with other classes...... is more efficient than previously described algorithms for the problem....

  11. Global optimization of discrete truss topology design problems using a parallel cut-and-branch method

    Rasmussen, Marie-Louise Højlund; Stolpe, Mathias

    2008-01-01

    the physics, and the cuts (Combinatorial Benders’ and projected Chvátal–Gomory) come from an understanding of the particular mathematical structure of the reformulation. The impact of a stronger representation is investigated on several truss topology optimization problems in two and three dimensions.......The subject of this article is solving discrete truss topology optimization problems with local stress and displacement constraints to global optimum. We consider a formulation based on the Simultaneous ANalysis and Design (SAND) approach. This intrinsically non-convex problem is reformulated...

  12. Development of a Numerical Model for Orthogonal Cutting. Discussion about the Sensitivity to Friction Problem

    San Juan, M.; de la Iglesia, J. M.; Martín, O.; Santos, F. J.

    2009-11-01

    In despite of the important progresses achieved in the knowledge of cutting processes, the study of certain aspects has undergone the very limitations of the experimental means: temperature gradients, frictions, contact, etc… Therefore, the development of numerical models is a valid tool as a first approach to study of those problems. In the present work, a calculation model under Abaqus Explicit code is developed to represent the orthogonal cutting of AISI 4140 steel. A bidimensional simulation under plane strain conditions, which is considered as adiabatic due to the high speed of the material flow, is chosen. The chip separation is defined by means of a fracture law that allows complex simulations of tool penetration in the workpiece. The strong influence of friction on cutting is proved, therefore a very good definition of materials behaviour laws could be obtained, but an erroneous value of friction coefficient could notably reduce the reliability. Considering the difficulty of checking the friction models used in the simulation, from the tests carried out habitually, the most efficacious way to characterize the friction would be to combine simulation models with cutting tests.

  13. New facets and a branch-and-cut algorithm for the weighted clique problem

    Sørensen, Michael Malmros

    2004-01-01

    four new classes of facet defining inequalities for the associated b-clique polytope. One of these inequality classes constitutes a generalization of the well known tree inequalities; the other classes are associated with multistars. We use these inequalities together with other classes of facet...... defining inequalities in a branch-and-cut algorithm for the problem. We give a description of this algorithm, including some separation procedures, and present the computational results for different sets of test problems. The computation times that are obtained indicate that this algorithm is more...

  14. Branch-and-Cut-and-Price for the Pickup and Delivery Problem with Time Windows

    Røpke, Stefan; Cordeau, Jean-Francois

    2009-01-01

    In the pickup and delivery problem with time windows (PDPTW), vehicle routes must be designed to satisfy a set of transportation requests, each involving a pickup and a delivery location, under capacity, time window, and precedence constraints. This paper introduces a new branch......-and-cut-and-price algorithm in which lower bounds are computed by solving through column generation the linear programming relaxation of a set partitioning formulation. Two pricing subproblems are considered in the column generation algorithm: an elementary and a non-elementary shortest path problem. Valid inequalities...

  15. A branch-and-cut algorithm for the vehicle routing problem with multiple use of vehicles

    İsmail Karaoğlan

    2015-06-01

    Full Text Available This paper addresses the vehicle routing problem with multiple use of vehicles (VRPMUV, an important variant of the classic vehicle routing problem (VRP. Unlike the classical VRP, vehicles are allowed to use more than one route in the VRPMUV. We propose a branch-and-cut algorithm for solving the VRPMUV. The proposed algorithm includes several valid inequalities from the literature for the purpose of improving its lower bounds, and a heuristic algorithm based on simulated annealing and a mixed integer programming-based intensification procedure for obtaining the upper bounds. The algorithm is evaluated in terms of the test problems derived from the literature. The computational results which follow show that, if there were 120 customers on the route (in the simulation, the problem would be solved optimally in a reasonable amount of time.

  16. A Branch and Cut algorithm for the container shipping network design problem

    Reinhardt, Line Blander; Kallehauge, Brian; Pisinger, David

    The network design problem in liner shipping is of increasing importance in a strongly competitive market where potential cost reductions can influence market share and profits significantly. In this paper the network design and fleet assignment problems are combined into a mixed integer linear...... programming model minimizing the overall cost. To better reflect the real-life situation we take into account the cost of transhipment, a heterogeneous fleet, route dependant capacities, and butterfly routes. To the best of our knowledge it is the first time an exact solution method to the problem considers...... transhipment cost. The problem is solved with branch-and-cut using clover and transhipment inequalities. Computational results are reported for instances with up to 15 ports....

  17. The General Support Division of the Stock Fund: Have the Problems Been Solved

    Graham, Steven

    1996-01-01

    ...) in December 1988 to place new emphasis on stock fund management. In response, the GOSG directed the format of the stock fund ratio be changed from an obligations-to-demands ratio to an obligations-to-sales ratio...

  18. An Improved Hierarchical Genetic Algorithm for Sheet Cutting Scheduling with Process Constraints

    Yunqing Rao; Dezhong Qi; Jinling Li

    2013-01-01

    For the first time, an improved hierarchical genetic algorithm for sheet cutting problem which involves n cutting patterns for m non-identical parallel machines with process constraints has been proposed in the integrated cutting stock model. The objective of the cutting scheduling problem is minimizing the weighted completed time. A mathematical model for this problem is presented, an improved hierarchical genetic algorithm (ant colony—hierarchical genetic algorithm) is developed for better ...

  19. Computational results with a branch and cut code for the capacitated vehicle routing problem

    Augerat, P.; Naddef, D. [Institut National Polytechnique, 38 - Grenoble (France); Belenguer, J.M.; Benavent, E.; Corberan, A. [Valencia Univ. (Spain); Rinaldi, G. [Consiglio Nazionale delle Ricerche, Rome (Italy)

    1995-09-01

    The Capacitated Vehicle Routing Problem (CVRP) we consider in this paper consists in the optimization of the distribution of goods from a single depot to a given set of customers with known demand using a given number of vehicles of fixed capacity. There are many practical routing applications in the public sector such as school bus routing, pick up and mail delivery, and in the private sector such as the dispatching of delivery trucks. We present a Branch and Cut algorithm to solve the CVRP which is based in the partial polyhedral description of the corresponding polytope. The valid inequalities used in our method can ne found in Cornuejols and Harche (1993), Harche and Rinaldi (1991) and in Augerat and Pochet (1995). We concentrated mainly on the design of separation procedures for several classes of valid inequalities. The capacity constraints (generalized sub-tour eliminations inequalities) happen to play a crucial role in the development of a cutting plane algorithm for the CVRP. A large number of separation heuristics have been implemented and compared for these inequalities. There has been also implemented heuristic separation algorithms for other classes of valid inequalities that also lead to significant improvements: comb and extended comb inequalities, generalized capacity inequalities and hypo-tour inequalities. The resulting cutting plane algorithm has been applied to a set of instances taken from the literature and the lower bounds obtained are better than the ones previously known. Some branching strategies have been implemented to develop a Branch an Cut algorithm that has been able to solve large CVRP instances, some of them which had never been solved before. (authors). 32 refs., 3 figs., 10 tabs.

  20. Robust Branch-Cut-and-Price for the Capacitated Minimum Spanning Tree Problem over a Large Extended Formulation

    Uchoa, Eduardo; Fukasawa, Ricardo; Lysgaard, Jens

    This paper presents a robust branch-cut-and-price algorithm for the Capacitated Minimum Spanning Tree Problem (CMST). The variables are associated to q-arbs, a structure that arises from a relaxation of the capacitated prize-collecting arborescence problem in order to make it solvable in pseudo......-polynomial time. Traditional inequalities over the arc formulation, like Capacity Cuts, are also used. Moreover, a novel feature is introduced in such kind of algorithms. Powerful new cuts expressed over a very large set of variables could be added, without increasing the complexity of the pricing subproblem...

  1. A new cut-based algorithm for the multi-state flow network reliability problem

    Yeh, Wei-Chang; Bae, Changseok; Huang, Chia-Ling

    2015-01-01

    Many real-world systems can be modeled as multi-state network systems in which reliability can be derived in terms of the lower bound points of level d, called d-minimal cuts (d-MCs). This study proposes a new method to find and verify obtained d-MCs with simple and useful found properties for the multi-state flow network reliability problem. The proposed algorithm runs in O(mσp) time, which represents a significant improvement over the previous O(mp 2 σ) time bound based on max-flow/min-cut, where p, σ and m denote the number of MCs, d-MC candidates and edges, respectively. The proposed algorithm also conquers the weakness of some existing methods, which failed to remove duplicate d-MCs in special cases. A step-by-step example is given to demonstrate how the proposed algorithm locates and verifies all d-MC candidates. As evidence of the utility of the proposed approach, we present extensive computational results on 20 benchmark networks in another example. The computational results compare favorably with a previously developed algorithm in the literature. - Highlights: • A new method is proposed to find all d-MCs for the multi-state flow networks. • The proposed method can prevent the generation of d-MC duplicates. • The proposed method is simpler and more efficient than the best-known algorithms

  2. Efficient Closed Form Cut-Off Planes and Propagation Planes Characteristics for Dielectric Slab Loaded Boundary Value Problems

    Zafar, Junaid

    2012-01-01

    The geometrical relationship between the cut-off and propagating planes of any waveguide system is a prerequisite for any design process. The characterization of cut-off planes and optimisation are challenging for numerical methods, closed-form solutions are always preferred. In this paper Maxwells coupled field equations are used to characterise twin E-plane and H-plane slab loaded boundary value problems. The single mode bandwidths and dispersion characteristics of these structures are pres...

  3. A branch-and-cut-and-price approach for the pickup and delivery problem with shuttle routes

    Masson, Renaud; Røpke, Stefan; Lehuédé, Fabien

    2014-01-01

    for the PDPS and a branch-and-cut-and-price algorithm to solve it. The pricing sub-problem, an Elementary Shortest Path Problem with Resource Constraints (ESPPRC), is solved with a labeling algorithm enhanced with efficient dominance rules. Three families of valid inequalities are used to strengthen...

  4. Current Situation of Turkey’s Cut Flower Production and Trade, Problems and Offered Solutions

    Nuran Tapkı

    2018-03-01

    Full Text Available Nowadays, cut flower production has become an income-generating activity branch. Global cut flower production area was 609.000 ha in 2014 which was 39% of total indoor plants production area. Primary continents in cut flower production are; Asia, Pacific and America, and primary countries are; USA, Japan, Italy, Holland, Ecuador, Colombia and Kenya. Europe has a 63% of share and American Continent has 29% of share in global cut flower export. The biggest cut flower exporters in the world are; Holland (56%, Colombia (17% and Ecuador (11%, and the biggest cut flower importers are; USA (18%, Germany (15% and Holland (14%. Due to geographical location and climate conditions, Turkey has an advantage in cut flower production. In terms of production area size, cut flowers take a 26% of share among the indoor plants area in Turkey. According to Turkish Statistical Institute (TSI data, total cut flower production area in Turkey was 1.195 ha by 2016, and it has a 68% of share in indoor plants production. Mediterranean region comes first that has a 46% of share in cut flower production area in Turkey with 5.095 da. In terms of production area, İzmir has the largest share (41.25%. Turkey’s indoor plants export volume is 81.5 million USD which is 26th in the world. Among product groups, cut flower has a 34% of share in export with 27.7 million USD, and Holland is the country that Turkey exports cut flower most (19.29%. Among the cut flowers, carnation is produced and exported most in Turkey. Cut flower sector is open for improvement, therefore taking actions towards market demands, and product diversification would be beneficial for the sector improvement.

  5. Robust branch-cut-and-price for the Capacitated Minimum Spanning Tree problem over a large extended formulation

    Uchoa, Eduardo; Fukasawa, Ricardo; Lysgaard, Jens

    2008-01-01

    -polynomial time. Traditional inequalities over the arc formulation, like Capacity Cuts, are also used. Moreover, a novel feature is introduced in such kind of algorithms: powerful new cuts expressed over a very large set of variables are added, without increasing the complexity of the pricing subproblem......This paper presents a robust branch-cut-and-price algorithm for the Capacitated Minimum Spanning Tree Problem (CMST). The variables are associated to q-arbs, a structure that arises from a relaxation of the capacitated prize-collecting arborescence problem in order to make it solvable in pseudo...... or the size of the LPs that are actually solved. Computational results on benchmark instances from the OR-Library show very significant improvements over previous algorithms. Several open instances could be solved to optimality....

  6. A branch and cut approach to the multiproduct pipeline scheduling problem

    Souza Filho, Erito Marques de; Bahiense, Laura; Ferreira Filho, Virgilio Jose Martins [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil)

    2009-07-01

    Pipelines are known as the most reliable and economical mode of transportation for petroleum and its derivatives, especially when large amounts of products have to be pumped for large distances. We address the short-term schedule of a pipeline system comprising the distribution of several petroleum derivatives from a single oil refinery to several depots, connected to local consumer markets, through a single multi-product pipeline. The major difficulties faced in these operations are related to the satisfaction of product demands by the various consumer markets, and operational constraints such as the maximum sizes of contiguous pumping packs, and the immiscible products. Several researchers have developed models and techniques for this short-term pipeline scheduling problem. Two different methodologies have been proposed in the literature: heuristic search techniques and exact methods. In this paper, we use a branch-and cut algorithm, performed in Xpress-MP{sup T}M, and compare the solutions obtained with that ones obtained before using the Variable Neighborhood Search metaheuristic. The computational results showed a significant improvement of performance in relation to previous algorithm. (author)

  7. A non-linear branch and cut method for solving discrete minimum compliance problems to global optimality

    Stolpe, Mathias; Bendsøe, Martin P.

    2007-01-01

    This paper present some initial results pertaining to a search for globally optimal solutions to a challenging benchmark example proposed by Zhou and Rozvany. This means that we are dealing with global optimization of the classical single load minimum compliance topology design problem with a fixed...... finite element discretization and with discrete design variables. Global optimality is achieved by the implementation of some specially constructed convergent nonlinear branch and cut methods, based on the use of natural relaxations and by applying strengthening constraints (linear valid inequalities......) and cuts....

  8. Problems of assessment of efficiency of managing corporate rights in joint stock companies

    Kurinnyy Oleksandr V.

    2013-03-01

    Full Text Available The goal of the article lies in identification of specific features of formation, implementation and practical use of the balanced scorecard of efficiency of managing corporate rights in domestic joint stock companies. Complexity of formation of the balanced scorecard of efficiency of managing property of shareholders is due to a necessity of ensuring deliberateness of the combination of financial and non-financial indicators for formalisation of managerial goals, establishment of a connection between financial parameters and operation indicators of enterprise activity and also attempt to determine the whole cost of an enterprise, which would be adequate to the market value of its assets. Taking into account the above, the article defines efficiency of managing shares of the joint stock as the degree of correlation between the goal, regulatory set functions, managerial actions and results of execution of managerial duties by managers. Prospect of further studies in this direction is development of methodical basis of formation and functioning of the balanced scorecard of efficiency of the use of shares of corporate rights in a joint stock company.

  9. Maxwell Strata and Cut Locus in the Sub-Riemannian Problem on the Engel Group

    Ardentov, Andrei A.; Sachkov, Yuri L.

    2017-12-01

    We consider the nilpotent left-invariant sub-Riemannian structure on the Engel group. This structure gives a fundamental local approximation of a generic rank 2 sub-Riemannian structure on a 4-manifold near a generic point (in particular, of the kinematic models of a car with a trailer). On the other hand, this is the simplest sub-Riemannian structure of step three. We describe the global structure of the cut locus (the set of points where geodesics lose their global optimality), the Maxwell set (the set of points that admit more than one minimizer), and the intersection of the cut locus with the caustic (the set of conjugate points along all geodesics). The group of symmetries of the cut locus is described: it is generated by a one-parameter group of dilations R+ and a discrete group of reflections Z2 × Z2 × Z2. The cut locus admits a stratification with 6 three-dimensional strata, 12 two-dimensional strata, and 2 one-dimensional strata. Three-dimensional strata of the cut locus are Maxwell strata of multiplicity 2 (for each point there are 2 minimizers). Two-dimensional strata of the cut locus consist of conjugate points. Finally, one-dimensional strata are Maxwell strata of infinite multiplicity, they consist of conjugate points as well. Projections of sub-Riemannian geodesics to the 2-dimensional plane of the distribution are Euler elasticae. For each point of the cut locus, we describe the Euler elasticae corresponding to minimizers coming to this point. Finally, we describe the structure of the optimal synthesis, i. e., the set of minimizers for each terminal point in the Engel group.

  10. Integrating rolling stock scheduling with train unit shunting

    Haahr, Jørgen Thorlund; Lusby, Richard Martin

    2017-01-01

    In this paper, we consider integrating two important railway optimization problems, in particular the Rolling Stock Scheduling Problem and the Train Unit Shunting Problem. We present two similar branch-and-cut based approaches to solve this integrated problem and, in addition, provide a comparison......, sequential approach ends in infeasibility. Furthermore, for the considered instances, solutions are typically found within a few minutes, indicating the applicability of the methodology to short-term planning....

  11. Robust Branch-and-Cut-and-Price for the Capacitated Vehicle Routing Problem

    Fukasawa, R.; Longo, H.; Lysgaard, Jens

    2006-01-01

    with a traditional Lagrangean relaxation over q-routes, the other defined by bound, degree and capacity constraints. This is equivalent to a linear program with exponentially many variables and constraints that can lead to lower bounds that are superior to those given by previous methods. The resulting branch-and-cut-and-price...

  12. An adaptive simplex cut-cell method for high-order discontinuous Galerkin discretizations of elliptic interface problems and conjugate heat transfer problems

    Sun, Huafei; Darmofal, David L.

    2014-12-01

    In this paper we propose a new high-order solution framework for interface problems on non-interface-conforming meshes. The framework consists of a discontinuous Galerkin (DG) discretization, a simplex cut-cell technique, and an output-based adaptive scheme. We first present a DG discretization with a dual-consistent output evaluation for elliptic interface problems on interface-conforming meshes, and then extend the method to handle multi-physics interface problems, in particular conjugate heat transfer (CHT) problems. The method is then applied to non-interface-conforming meshes using a cut-cell technique, where the interface definition is completely separate from the mesh generation process. No assumption is made on the interface shape (other than Lipschitz continuity). We then equip our strategy with an output-based adaptive scheme for an accurate output prediction. Through numerical examples, we demonstrate high-order convergence for elliptic interface problems and CHT problems with both smooth and non-smooth interface shapes.

  13. Wet cutting

    Hole, B. [IMC Technical Services (United Kingdom)

    1999-08-01

    Continuous miners create dust and methane problems in underground coal mining. Control has usually been achieved using ventilation techniques as experiments with water based suppression have led to flooding and electrical problems. Recent experience in the US has led to renewed interest in wet head systems. This paper describes tests of the Hydraphase system by IMC Technologies. Ventilation around the cutting zone, quenching of hot ignition sources, dust suppression, the surface trial gallery tests, the performance of the cutting bed, and flow of air and methane around the cutting head are reviewed. 1 ref., 2 figs., 2 photos.

  14. A branch-and-cut algorithm for the capacitated profitable tour problem

    Jepsen, Mads Kehlet; Petersen, Bjørn; Spoorendonk, Simon

    2014-01-01

    This paper considers the Capacitated Profitable Tour Problem (CPTP) which is a special case of the Elementary Shortest Path Problem with Resource Constraints (ESPPRC). The CPTP belongs to the group of problems known as traveling salesman problems with profits. In CPTP each customer is associated...... with a profit and a demand and the objective is to find a capacitated tour (rooted in a depot node) that minimizes the total travel distance minus the profit of the visited customers. The CPTP can be recognized as the sub-problem in many column generation applications, where it is traditionally solved through...

  15. A non-linear branch and cut method for solving discrete minimum compliance problems to global optimality

    Stolpe, Mathias; Bendsøe, Martin P.

    2007-01-01

    This paper present some initial results pertaining to a search for globally optimal solutions to a challenging benchmark example proposed by Zhou and Rozvany. This means that we are dealing with global optimization of the classical single load minimum compliance topology design problem with a fixed...... finite element discretization and with discrete design variables. Global optimality is achieved by the implementation of some specially constructed convergent nonlinear branch and cut methods, based on the use of natural relaxations and by applying strengthening constraints (linear valid inequalities...

  16. Resource-constrained project scheduling: computing lower bounds by solving minimum cut problems

    Möhring, R.H.; Nesetril, J.; Schulz, A.S.; Stork, F.; Uetz, Marc Jochen

    1999-01-01

    We present a novel approach to compute Lagrangian lower bounds on the objective function value of a wide class of resource-constrained project scheduling problems. The basis is a polynomial-time algorithm to solve the following scheduling problem: Given a set of activities with start-time dependent

  17. A branch-and-cut algorithm for the symmetric two-echelon capacitated vehicle routing problem

    Jepsen, Mads Kehlet; Spoorendonk, Simon; Røpke, Stefan

    2013-01-01

    This paper presents an exact method for solving the symmetric two-echelon capacitated vehicle routing problem, a transportation problem concerned with the distribution of goods from a depot to a set of customers through a set of satellite locations. The presented method is based on an edge flow...

  18. A computer system to aid in the planning of steel rolls cuts

    Nelson Maculan

    2007-03-01

    Full Text Available The planning of cuts in steel rolls is a combinatory optimization problem. Some companies of the metallurgical industry use the steel cold lamination process so that it acquires the necessary physical properties. In this case, the cutting patterns should consist of compartments of items compatible with the lamination process, hindering the task of cuts planning. A compartment represents an intermediate roll to be laminated, so that it is possible to combine intermediate rolls with different lamination needs in the same roll of the stock. In this work the prototype of the RollCut System will be presented to aid with the cuts planning.

  19. Integrating cut-and-solve and semi-Lagrangean based dual ascent for the single-source capacitated facility location problem

    Gadegaard, Sune Lauth

    polytope with generalized upper bounds. From our computational study, we show that the semi-Lagrangean relaxation approach has its merits when the instances are tightly constrained with regards to the capacity of the system, but that it is very hard to compete with a standalone implementation of the cut......This paper describes how the cut-and-solve framework and semi-Lagrangean based dual ascent algorithms can be integrated in two natural ways in order to solve the single source capacitated facility location problem. The first uses the cut-and-solve framework both as a heuristic and as an exact...... solver for the semi-Lagrangean subproblems. The other uses a semi-Lagrangean based dual ascent algorithm to solve the sparse problems arising in the cut-and-solve algorithm. Furthermore, we developed a simple way to separate a special type of cutting planes from what we denote the effective capacity...

  20. A Branch and Cut algorithm for the container shipping network design problem

    Reinhardt, Line Blander; Pisinger, David

    2012-01-01

    The network design problem in liner shipping is of increasing importance in a strongly competitive market where potential cost reductions can influence market share and profits significantly. In this paper the network design and fleet assignment problems are combined into a mixed integer linear...... programming model minimizing the overall cost. To better reflect the real-life situation we take into account the cost of transhipment, a heterogeneous fleet, route dependant capacities, and butterfly routes. To the best of our knowledge it is the first time an exact solution method to the problem considers...

  1. Cutting Planes for Branch-and-Price Algorithms

    Desaulniers, Guy; Desrosiers, Jacques; Spoorendonk, Simon

    2011-01-01

    This article presents a general framework for formulating cutting planes in the context of column generation for integer programs. Valid inequalities can be derived using the variables of an equivalent compact formulation (i.e., the subproblem variables) or the master problem variables. In the fi......This article presents a general framework for formulating cutting planes in the context of column generation for integer programs. Valid inequalities can be derived using the variables of an equivalent compact formulation (i.e., the subproblem variables) or the master problem variables....... In the first case, cuts are added to the compact formulation, either at the master level or the subproblem level, and the decomposition process is reapplied. In the second case, we show that it is possible to model inequalities defined on the master problem variables by adding new variables and constraints......, and the cutting stock problem. © 2011 Wiley Periodicals, Inc. NETWORKS, Vol. 58(4), 301–310 2011...

  2. A branch-and-cut algorithm for the Team Orienteering Problem

    Bianchessi, Nicola; Mansini, Renata; Speranza, M. Grazia

    2018-01-01

    The Team Orienteering Problem aims at maximizing the total amount of profit collected by a fleet of vehicles while not exceeding a predefined travel time limit on each vehicle. In the last years, several exact methods based on different mathematical formulations were proposed. In this paper, we

  3. Formulations and Branch-and-Cut Algorithms for the Generalized Vehicle Routing Problem

    Bektas, Tolga; Erdogan, Günes; Røpke, Stefan

    2011-01-01

    The Generalized Vehicle Routing Problem (GVRP) consists of nding a set of routes for a number of vehicles with limited capacities on a graph with the vertices partitioned into clusters with given demands such that the total cost of travel is minimized and all demands are met. This paper offers four...

  4. Stocking the genetic supermarket: reproductive genetic technologies and collective action problems.

    Gyngell, Chris; Douglas, Thomas

    2015-05-01

    Reproductive genetic technologies (RGTs) allow parents to decide whether their future children will have or lack certain genetic predispositions. A popular model that has been proposed for regulating access to RGTs is the 'genetic supermarket'. In the genetic supermarket, parents are free to make decisions about which genes to select for their children with little state interference. One possible consequence of the genetic supermarket is that collective action problems will arise: if rational individuals use the genetic supermarket in isolation from one another, this may have a negative effect on society as a whole, including future generations. In this article we argue that RGTs targeting height, innate immunity, and certain cognitive traits could lead to collective action problems. We then discuss whether this risk could in principle justify state intervention in the genetic supermarket. We argue that there is a plausible prima facie case for the view that such state intervention would be justified and respond to a number of arguments that might be adduced against that view. © 2014 The Authors. Bioethics published by John Wiley & Sons Ltd.

  5. Problems Threatening the Tigris Trout (Salmo tigridis Turan, Kottelat & Bektaş, 2011 Stock in Çatak Stream and Some Recommendations

    Mustafa AKKUŞ

    2017-12-01

    Full Text Available This study was carried out to reveal the problems threatening Salmo tigridis stock inhabited in Çatak Stream and to offer some solutions to overcome these problems. Çatak is the largest stream of the region and located at 81 km southern of the Van city center. Salmo tigridis, which is only distributed in Çatak and Bahçesaray streams, faces the danger of extinction. In this study, it was observed that sand-graveling activities at Çatak Stream muddied the stream and destroyed appropriate reproduction habitats. Another problem is that Çatak Stream's over-destruction of vegetation in the catchment basin increases flood risk and flood-related sudden flow increases. In addition, it was determined that studies carried out for river improvement and flood control disturbed the natural flow regime of the stream, leading to deterioration in the base and coastal structure. Another threat is the rainbow trout (Oncorhynchus mykiss that escape from fish farms. Catching with prohibited methods and fishing gears is also a problem that threatens the future of native trout stock in the stream. With this study, the problems that threaten the tigris trout stock in Çatak Stream were identified and some proposals were presented.

  6. Trading network predicts stock price.

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-16

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices.

  7. Multibeam Fibre Laser Cutting

    Olsen, Flemming Ove

    The appearance of the high power high brilliance fibre laser has opened for new possibilities in laser materials processing. In laser cutting this laser has demonstrated high cutting performance compared to the dominating cutting laser, the CO2-laser. However, quality problems in fibre......-laser cutting have until now limited its application in metal cutting. In this paper the first results of proof-of-principle studies applying a new approach (patent pending) for laser cutting with high brightness short wavelength lasers will be presented. In the approach, multi beam patterns are applied...... to control the melt flow out of the cut kerf resulting in improved cut quality in metal cutting. The beam patterns in this study are created by splitting up beams from 2 single mode fibre lasers and combining these beams into a pattern in the cut kerf. The results are obtained with a total of 550 W of single...

  8. Multibeam fiber laser cutting

    Olsen, Flemming Ove; Hansen, Klaus Schütt; Nielsen, Jakob Skov

    2009-01-01

    The appearance of the high power high brilliance fiber laser has opened for new possibilities in laser materials processing. In laser cutting this laser has demonstrated high cutting performance compared to the dominating Cutting laser, the CO2 laser. However, quality problems in fiber......-laser cutting have until now limited its application to metal cutting. In this paper the first results of proof-of-principle Studies applying a new approach (patent pending) for laser cutting with high brightness and short wavelength lasers will be presented. In the approach, multibeam patterns are applied...... to control the melt flow out of the cut kerf resulting in improved cut quality in metal cutting. The beam patterns in this study are created by splitting up beams from two single mode fiber lasers and combining these beams into a pattern in the cut kerf. The results are obtained with a total of 550 W...

  9. Outpatients’ Perspectives on Problems and Needs Related to Female Genital Mutilation/Cutting: A Qualitative Study from Somaliland

    Sarah Fried

    2013-01-01

    Full Text Available Aim. To explore female outpatients’ perspectives on problems related to female genital mutilation/cutting (FGM/C and their views on information, care, and counseling. Setting. An FGM/C support center at a maternity clinic in Hargeisa, Somaliland. Methods. A qualitative, descriptive study, using content analysis of seven semistructured interviews with female outpatients. Results. All participants had been ignorant of the etiology of their FGM/C-related complications and hesitant to seek care. All had undergone infibulation but did not wish the same for their daughters. In recent years they had learnt through religious leaders and media campaigns that infibulation was unapproved by Islam. A less severe FGM/C type, “Sunna,” was more accepted; however, few could define what “Sunna” meant. Condemning and ridiculing attitudes against uncircumcised women prevailed in their community. Conclusions. New ideas and concepts related to FGM/C enter the common discourse in the Somali society while traditional norms and values still prevail. Religion was shown to have a strong impact on FGM/C practices and beliefs. Interventions aiming to raise awareness of health consequences of all types of FGM/C, as well as where to seek care for complications, are needed in Somaliland. Involvement of religious leaders in anti-FGM/C programs is essential.

  10. An exact algorithm for the N-sheet two dimensional single stock-size ...

    For each set found, an integer program is solved to produce a feasible or sometimes optimal ... In this paper a two-dimensional cutting stock problem ... The concept of the 2D-SLOPP is extended to a 2D-SLOPP over N same size sheets, called.

  11. New formulation and branch-and-cut algorithm for the pickup and delivery traveling salesman problem with multiple stacks: new formulation and branch-and-cut algorithm

    Sampaio Oliveira, A.H.; Urrutia, S.

    2017-01-01

    In this paper, we consider the pickup and delivery traveling salesman problem with multiple stacks in which a single vehicle must serve a set of customer requests defined by a pair of pickup and delivery destinations of an item. The vehicle contains a fixed number of stacks, where each item is

  12. Compression stockings

    Call your health insurance or prescription plan: Find out if they pay for compression stockings. Ask if your durable medical equipment benefit pays for compression stockings. Get a prescription from your doctor. Find a medical equipment store where they can ...

  13. Stock Status

    National Oceanic and Atmospheric Administration, Department of Commerce — These data inform the public of the most recent stock status for all stocks (FSSI and non-FSSI) in the fishery management unit contained in a fishery managment plan....

  14. An Improved Hierarchical Genetic Algorithm for Sheet Cutting Scheduling with Process Constraints

    Yunqing Rao

    2013-01-01

    Full Text Available For the first time, an improved hierarchical genetic algorithm for sheet cutting problem which involves n cutting patterns for m non-identical parallel machines with process constraints has been proposed in the integrated cutting stock model. The objective of the cutting scheduling problem is minimizing the weighted completed time. A mathematical model for this problem is presented, an improved hierarchical genetic algorithm (ant colony—hierarchical genetic algorithm is developed for better solution, and a hierarchical coding method is used based on the characteristics of the problem. Furthermore, to speed up convergence rates and resolve local convergence issues, a kind of adaptive crossover probability and mutation probability is used in this algorithm. The computational result and comparison prove that the presented approach is quite effective for the considered problem.

  15. An improved hierarchical genetic algorithm for sheet cutting scheduling with process constraints.

    Rao, Yunqing; Qi, Dezhong; Li, Jinling

    2013-01-01

    For the first time, an improved hierarchical genetic algorithm for sheet cutting problem which involves n cutting patterns for m non-identical parallel machines with process constraints has been proposed in the integrated cutting stock model. The objective of the cutting scheduling problem is minimizing the weighted completed time. A mathematical model for this problem is presented, an improved hierarchical genetic algorithm (ant colony--hierarchical genetic algorithm) is developed for better solution, and a hierarchical coding method is used based on the characteristics of the problem. Furthermore, to speed up convergence rates and resolve local convergence issues, a kind of adaptive crossover probability and mutation probability is used in this algorithm. The computational result and comparison prove that the presented approach is quite effective for the considered problem.

  16. Latest development of laser cutting

    Wetzig, Andreas; Herwig, Patrick; Hauptmann, Jan; Goppold, Cindy; Baumann, Robert; Fürst, Andreas; Rose, Michael; Pinder, Thomas; Mahrle, Achim; Beyer, Eckhard

    2016-01-01

    Laser cutting was one of the first applications of laser material processing. Today, laser cutting is the most widespread application among laser material processing besides laser marking. Meanwhile, nearly each material can be cut by means of a laser, in particular since ultra short pulse lasers are available in the power range of up to 100 W. The to be cut material can come with thicknesses from a few microns till tens of millimeters as flat stock or as free form shapes. The paper will conc...

  17. An Integrated Approach to the Ground Crew Rostering Problem with Work Patterns

    Lusby, Richard Martin; Hansen, Anders Dohn; Range, Troels Martin

    This paper addresses the Ground Crew Rostering Problem with Work Patterns, an important manpower planning problem arising in the ground operations of airline companies. We present a cutting stock based integer programming formulation of the problem and describe a powerful decomposition approach...

  18. An ill-posed problem for the Black-Scholes equation for a profitable forecast of prices of stock options on real market data

    Klibanov, Michael V.; Kuzhuget, Andrey V.; Golubnichiy, Kirill V.

    2016-01-01

    A new empirical mathematical model for the Black-Scholes equation is proposed to forecast option prices. This model includes new interval for the price of the underlying stock, new initial and new boundary conditions. Conventional notions of maturity time and strike prices are not used. The Black-Scholes equation is solved as a parabolic equation with the reversed time, which is an ill-posed problem. Thus, a regularization method is used to solve it. To verify the validity of our model, real market data for 368 randomly selected liquid options are used. A new trading strategy is proposed. Our results indicates that our method is profitable on those options. Furthermore, it is shown that the performance of two simple extrapolation-based techniques is much worse. We conjecture that our method might lead to significant profits of those financial insitutions which trade large amounts of options. We caution, however, that further studies are necessary to verify this conjecture.

  19. Problems in future negotiations for a treaty on the cut-off of fissile material for nuclear weapons

    Schaper, A.

    1999-01-01

    A treaty to end the production of fissile material for nuclear weapons, the so-called cutoff, is one of the most important next steps on the disarmament agenda.' But meanwhile, the Conference on Disarmament (CD) is deadlocked, and confidence in negotiations taking place in the near future is replaced by bewilderment at the inaction. The underlying conflict of the Comprehensive Test Ban Treaty (CTBT) negotiations can be summarized as nuclear disarmament versus nuclear nonproliferation. The same conflict is now blocking progress with negotiations in the CD on the Fissile Material Cut-off Treaty (FMCT). Nevertheless, the cut-off would be the major policy driver to insert transparency and irreversibility into the disarmament process,' and we need to harness all our efforts to overcome the current difficulties. The CTBT can be regarded as a tool to cap the qualitative nuclear arms race, for example to hinder the future development of qualitatively new nuclear explosives, and an FMCT can be seen as its quantitative counterpart, capping the amount of material available for new nuclear weapons. The complex questions involve political, technical, legal, and economic aspects and constitute a challenge for diplomats and decision makers

  20. A relax and cut approach using the multi-commodity flow formulation for the traveling salesman problem

    Makswell Seyiti Kawashima

    2015-01-01

    Full Text Available En este artículo nosotros exploramos una formulación de flujo multiproductos para el Problema del Agente Viajero Asimétrico (ATSP en la obtención de cotas duales de este problema. El procedimiento empleado es una variante del método relax and cut propuesto en la literatura que computa los multiplicadores lagrangianos asociados a las restricciones de eliminación de subrutas preservando la optimalidad de los multiplicadores asociados a las restricciones de asignación. Los resultados obtenidos con la experimentación computacional son alentadores y muestran que el algoritmo propuesto genera buenas cotas duales con un tiempo de ejecución bajo.

  1. Short-cut math

    Kelly, Gerard W

    1984-01-01

    Clear, concise compendium of about 150 time-saving math short-cuts features faster, easier ways to add, subtract, multiply, and divide. Each problem includes an explanation of the method. No special math ability needed.

  2. Maintenance Appointments in Railway Rolling Stock Rescheduling

    J.C. Wagenaar (Joris); L.G. Kroon (Leo); M.E. Schmidt (Marie)

    2016-01-01

    textabstractThis paper addresses the Rolling Stock Rescheduling Problem (RSRP), while taking maintenance appointments into account. After a disruption, the rolling stock of the disrupted passenger trains has to be rescheduled in order to restore a feasible rolling stock circulation. Usually, a

  3. Some possibilities for determining cutting data when using laser cutting:

    Radovanović, Miroslav

    2006-01-01

    The technological problems faced in the field of the application of laser-cutting machines lie in insufficient knowledge of the laser technique and the absence of both sufficiently reliable practical data and knowledge about the parameters affecting the work process itself. A significant parameter that is necessary to determine and to enter in an NC-program is the cutting speed. Various authors analyze the laser-cutting process and give mathematical models where laser cutting is modeled by us...

  4. Cutting cleaner

    Elsen, R.P.H. van; Smits, M.

    1991-01-01

    This paper presents the results of a long term field test of the Cutting Cleaner, which is used for the treatment of wet oil contaminated cuttings (WOCC) produced when drilling with Oil Based Mud (OBM). It was concluded that it is possible to reduce the oil content of cuttings to an average of 1 - 2%. The recovered base oil can be reused to make new oil based mud

  5. CALCULATION OF LASER CUTTING COSTS

    Bogdan Nedic; Milan Eric; Marijana Aleksijevic

    2016-01-01

    The paper presents description methods of metal cutting and calculation of treatment costs based on model that is developed on Faculty of mechanical engineering in Kragujevac. Based on systematization and analysis of large number of calculation models of cutting with unconventional methods, mathematical model is derived, which is used for creating a software for calculation costs of metal cutting. Software solution enables resolving the problem of calculating the cost of laser cutting, compar...

  6. Metaheuristics progress as real problem solvers

    Nonobe, Koji; Yagiura, Mutsunori

    2005-01-01

    Metaheuristics: Progress as Real Problem Solvers is a peer-reviewed volume of eighteen current, cutting-edge papers by leading researchers in the field. Included are an invited paper by F. Glover and G. Kochenberger, which discusses the concept of Metaheuristic agent processes, and a tutorial paper by M.G.C. Resende and C.C. Ribeiro discussing GRASP with path-relinking. Other papers discuss problem-solving approaches to timetabling, automated planograms, elevators, space allocation, shift design, cutting stock, flexible shop scheduling, colorectal cancer and cartography. A final group of methodology papers clarify various aspects of Metaheuristics from the computational view point.

  7. Paper Cuts.

    Greene, Lisa A.

    1990-01-01

    Describes how to create paper cuts and suggests the most appropriate materials for young children that give good quality results. Describes the methods the author, a professional artist, uses to assemble her own paper cuts and how these can be adopted by older students. (KM)

  8. Rightfulness of Summation Cut-Offs in the Albedo Problem with Gaussian Fluctuations of the Density of Scatterers

    Selim, M. M.; Bezák, V.

    2003-06-01

    The one-dimensional version of the radiative transfer problem (i.e. the so-called rod model) is analysed with a Gaussian random extinction function (x). Then the optical length X = 0 Ldx(x) is a Gaussian random variable. The transmission and reflection coefficients, T(X) and R(X), are taken as infinite series. When these series (and also when the series representing T 2(X), T 2(X), R(X)T(X), etc.) are averaged, term by term, according to the Gaussian statistics, the series become divergent after averaging. As it was shown in a former paper by the authors (in Acta Physica Slovaca (2003)), a rectification can be managed when a `modified' Gaussian probability density function is used, equal to zero for X > 0 and proportional to the standard Gaussian probability density for X > 0. In the present paper, the authors put forward an alternative, showing that if the m.s.r. of X is sufficiently small in comparison with & $bar X$ ; , the standard Gaussian averaging is well functional provided that the summation in the series representing the variable T m-j (X)R j (X) (m = 1,2,..., j = 1,...,m) is truncated at a well-chosen finite term. The authors exemplify their analysis by some numerical calculations.

  9. Core Cutting Test with Vertical Rock Cutting Rig (VRCR)

    Yasar, Serdar; Osman Yilmaz, Ali

    2017-12-01

    Roadheaders are frequently used machines in mining and tunnelling, and performance prediction of roadheaders is important for project economics and stability. Several methods were proposed so far for this purpose and, rock cutting tests are the best choice. Rock cutting tests are generally divided into two groups which are namely, full scale rock cutting tests and small scale rock cutting tests. These two tests have some superiorities and deficiencies over themselves. However, in many cases, where rock sampling becomes problematic, small scale rock cutting test (core cutting test) is preferred for performance prediction, since small block samples and core samples can be conducted to rock cutting testing. Common problem for rock cutting tests are that they can be found in very limited research centres. In this study, a new mobile rock cutting testing equipment, vertical rock cutting rig (VRCR) was introduced. Standard testing procedure was conducted on seven rock samples which were the part of a former study on cutting rocks with another small scale rock cutting test. Results showed that core cutting test can be realized successfully with VRCR with the validation of paired samples t-test.

  10. Cutting assembly

    Racki, Daniel J.; Swenson, Clark E.; Bencloski, William A.; Wineman, Arthur L.

    1984-01-01

    A cutting apparatus includes a support table mounted for movement toward and away from a workpiece and carrying a mirror which directs a cutting laser beam onto the workpiece. A carrier is rotatably and pivotally mounted on the support table between the mirror and workpiece and supports a conduit discharging gas toward the point of impingement of the laser beam on the workpiece. Means are provided for rotating the carrier relative to the support table to place the gas discharging conduit in the proper positions for cuts made in different directions on the workpiece.

  11. Performance Testing of Cutting Fluids

    Belluco, Walter

    The importance of cutting fluid performance testing has increased with documentation requirements of new cutting fluid formulations based on more sustainable products, as well as cutting with minimum quantity of lubrication and dry cutting. Two sub-problems have to be solved: i) which machining...... tests feature repeatability, reproducibility and sensitivity to cutting fluids, and ii) to what extent results of one test ensure relevance to a wider set of machining situations. The present work is aimed at assessing the range of validity of the different testing methods, investigating correlation...... within the whole range of operations, materials, cutting fluids, operating conditions, etc. Cutting fluid performance was evaluated in turning, drilling, reaming and tapping, and with respect to tool life, cutting forces, chip formation and product quality (dimensional accuracy and surface integrity...

  12. Mark Stock | NREL

    Stock Mark Stock Scientific Visualization Specialist Mark.Stock@nrel.gov | 303-275-4174 Dr. Stock , virtual reality, parallel computing, and manipulation of large spatial data sets. As an artist, he creates . Stock built the SUNLIGHT artwork that is installed on the Webb Building in downtown Denver. In addition

  13. Cutting Cosmos

    Mikkelsen, Henrik Hvenegaard

    For the first time in over 30 years, a new ethnographic study emerges on the Bugkalot tribe, more widely known as the Ilongot of the northern Philippines. Exploring the notion of masculinity among the Bugkalot, Cutting Cosmos is not only an experimental, anthropological study of the paradoxes...... around which Bugkalot society revolves, but also a reflection on anthropological theory and writing. Focusing on the transgressive acts through which masculinity is performed, this book explores the idea of the cosmic cut, the ritual act that enables the Bugkalot man to momentarily hold still the chaotic...

  14. Making the cut

    Mcshannon, G. [Hydra Mining Tools International Ltd. (United Kingdom)

    2006-04-15

    The paper explains how coal mines around the world can benefit from the use of cowless, radial shearer drums. Hydra Mining has designed and manufactured a range of shearer drums to combat problems ranging from dust, frictional ignitions, geological problems or low production rates. This allows the mine operator to maximise production efficiency. The company tailor-makes shearer drums for each longwall face to optimise the cutting performance of every installation. 8 figs.

  15. Cold storage of rooted and non-rooted carnation cuttings

    USER

    2010-06-14

    Jun 14, 2010 ... allows cutting producers to regulate the market supply during surplus production or .... Techniques of carnation growing. Publications of TAV. 17. ... The commercial storage of fruits, vegetables and florist and nursary stocks.

  16. Innovations: laser-cutting nickel-titanium

    Dickson, T.R.; Moore, B.; Toyama, N. [LPL Systems, Inc., Mountain View, CA (United States)

    2002-07-01

    Laser-cutting is well established as the preferred method for manufacturing many endovascular medical devices. Sometimes laser processing has been poorly understood by nickel-titanium (NiTi) material suppliers, medical device manufacturers, and device designers, but the field has made important strides in the past several years. A variety of sample, nonspecific applications are presented for cutting tubing and sheet stock. Limiting constraints, key considerations, and areas for future development are identified. (orig.)

  17. Cutting Itch

    Zellweger, Christoph

    2015-01-01

    Cutting Itch” is a curatorial project by artists-duo Baltensperger-Siepert. An exhibition project about the essential need of art to be an active system that reflects, investigates social, cultural and political issues. It is about an existential necessity to shape ones environment, to think about relations, regulating structures and about how we can locate ourselves in a more and more globalised world. (from press material). \\ud \\ud Baltensperger & Siepert identified seven artists from Mexi...

  18. CALCULATION OF LASER CUTTING COSTS

    Bogdan Nedic

    2016-09-01

    Full Text Available The paper presents description methods of metal cutting and calculation of treatment costs based on model that is developed on Faculty of mechanical engineering in Kragujevac. Based on systematization and analysis of large number of calculation models of cutting with unconventional methods, mathematical model is derived, which is used for creating a software for calculation costs of metal cutting. Software solution enables resolving the problem of calculating the cost of laser cutting, comparison' of costs made by other unconventional methods and provides documentation that consists of reports on estimated costs.

  19. Optimal Portfolio Selection in Ex Ante Stock Price Bubble and Furthermore Bubble Burst Scenario from Dhaka Stock Exchange with Relevance to Sharpe’s Single Index Model

    Javed Bin Kamal

    2012-09-01

    Full Text Available The paper aims at constructing an optimal portfolio by applying Sharpe’s single index model of capital asset pricing in different scenarios, one is ex ante stock price bubble scenario and stock price bubble and bubble burst is second scenario. Here we considered beginning of year 2010 as rise of stock price bubble in Dhaka Stock Exchange. Hence period from 2005 -2009 is considered as ex ante stock price bubble period. Using DSI (All share price index in Dhaka Stock Exchange as market index and considering daily indices for the March 2005 to December 2009 period, the proposed method formulates a unique cut off point (cut off rate of return and selects stocks having excess of their expected return over risk-free rate of return surpassing this cut-off point. Here, risk free rate considered to be 8.5% per annum (Treasury bill rate in 2009. Percentage of an investment in each of the selected stocks is then decided on the basis of respective weights assigned to each stock depending on respective ‘β’ value, stock movement variance representing unsystematic risk, return on stock and risk free return vis-à-vis the cut off rate of return. Interestingly, most of the stocks selected turned out to be bank stocks. Again we went for single index model applied to same stocks those made to the optimum portfolio in ex ante stock price bubble scenario considering data for the period of January 2010 to June 2012. We found that all stocks failed to make the pass Single Index Model criteria i.e. excess return over beta must be higher than the risk free rate. Here for the period of 2010 to 2012, the risk free rate considered to be 11.5 % per annum (Treasury bill rate during 2012.

  20. Stock selection using a hybrid MCDM approach

    Tea Poklepović

    2014-12-01

    Full Text Available The problem of selecting the right stocks to invest in is of immense interest for investors on both emerging and developed capital markets. Moreover, an investor should take into account all available data regarding stocks on the particular market. This includes fundamental and stock market indicators. The decision making process includes several stocks to invest in and more than one criterion. Therefore, the task of selecting the stocks to invest in can be viewed as a multiple criteria decision making (MCDM problem. Using several MCDM methods often leads to divergent rankings. The goal of this paper is to resolve these possible divergent results obtained from different MCDM methods using a hybrid MCDM approach based on Spearman’s rank correlation coefficient. Five MCDM methods are selected: COPRAS, linear assignment, PROMETHEE, SAW and TOPSIS. The weights for all criteria are obtained by using the AHP method. Data for this study includes information on stock returns and traded volumes from March 2012 to March 2014 for 19 stocks on the Croatian capital market. It also includes the most important fundamental and stock market indicators for selected stocks. Rankings using five selected MCDM methods in the stock selection problem yield divergent results. However, after applying the proposed approach the final hybrid rankings are obtained. The results show that the worse stocks to invest in happen to be the same when the industry is taken into consideration or when not. However, when the industry is taken into account, the best stocks to invest in are slightly different, because some industries are more profitable than the others.

  1. Laser Cutting Tool Path Optimization

    Dewil, Reginald; Cattrysse, Dirk; Vansteenwegen, Pieter

    2011-01-01

    Given a set of irregular parts nested on a metal sheet, minimize the total non- cutting time for the cutter head, cutting all the required elements and returning to the starting location. The problem is modeled as a generalized traveling sales- person problem with special precedence constraints. An initial feasible solution is generated and improved by local moves embedded in a tabu search framework. The proposed algorithm shows promising results in comparison with a commercial...

  2. Experimental improvement of the technology of cutting of high-pressure hoses with metal braid on hand cutting machine

    Karpenko, Mykola; Bogdevicius, Marijonas; Prentkovskis, Olegas

    2016-01-01

    In the article the review of the problem of improvement of technology of high pressure hoses cutting on the hand cutting machines is analyzed. Different methods of cutting of high pressure hoses into the billets are overviewed and the quality of edge cuts of hoses is analyzed. The comparison of treatment on automatic cutting machines and on hand cutting machines is carried out. Different experimental techniques of improvement of the quality of edges cutting of high pressure hoses are prese...

  3. Maintenance in Railway Rolling Stock Rescheduling for Passenger Railways

    J.C. Wagenaar (Joris); L.G. Kroon (Leo)

    2015-01-01

    textabstractThis paper addresses the Rolling Stock Rescheduling Problem (RSRP), while taking maintenance appointments into account. After a disruption, the rolling stock of passenger trains has to be rescheduled in order to maintain a feasible rolling stock circulation. A limited number of rolling

  4. Decision Support for the Rolling Stock Dispatcher

    Groth, Julie Jespersen

    Real-time recovery is receiving a fast growing interest in an increasingly competitive railway operation market. This thesis considers the area of rolling stock dispatching which is one of the typical real-time railway dispatching problems. All work of the thesis is based on the network...... and planning processes of the railway operator DSB S-tog a/s. In the thesis the problems existing in the railway planning process from the strategic to real-time level are briefly sketched. Network planning, line planning, timetabling, crew and rolling stock planning is outlined and relevant references...... are given. Specifically the thesis references the operation research studies based on the railway operation of DSB S-tog a/s. Subsequently the process of dispatching is outlined with a specific emphasis on rolling stock. The rolling stock recovery problem is the problem of assigning train units to train...

  5. GENERAL METHOD OF STOCKS AUDIT

    Iryna Galushchak

    2017-03-01

    Full Text Available The article deals with the organization and methodology of accounting and auditing inventory enterprises. Suggestions for improvement of accounting permit to raise processing and presenting economic information to a higher level for making the economic and management decisions. Theory and practice problems of stocks audit were investigated. The basic directions of improvement of  stock audit were defined. The auditor can form an opinion about the state of business transactions of accounting of goods, define shortcomings in its organization and possible directions of elimination of violations and abuses. Program of audit of operations accounting with stocks should include the investigation of the preservation of property, valuation and posting costs, correct evaluation of purchased tangible assets, using of stocks in production. It is worth  to use techniques and methods of verification such as inventory, comparative control,  comparison of documentary evidence, counter check, check arithmetic for  audit of goods. Keywords: audit, stocks, activities of the company.

  6. Who continues to stock oral artemisinin monotherapy? Results of a provider survey in Myanmar.

    Thein, Si Thu; Sudhinaraset, May; Khin, Hnin Su Su; McFarland, Willi; Aung, Tin

    2016-06-22

    Artemisinin-based combination therapy (ACT) is a key strategy for global malaria elimination efforts. However, the development of artemisinin-resistant malaria parasites threatens progress and continued usage of oral artemisinin monotherapies (AMT) predisposes the selection of drug resistant strains. This is particularly a problem along the Myanmar/Thailand border. The artemisinin monotherapy replacement programme (AMTR) was established in 2012 to remove oral AMT from stocks in Myanmar, specifically by replacing oral AMT with quality-assured ACT and conducting behavioural change communication activities to the outlets dispensing anti-malarial medications. This study attempts to quantify the characteristics of outlet providers who continue to stock oral AMT despite these concerted efforts. A cross-sectional survey of all types of private sector outlets that were stocking anti-malarial drugs in 13 townships of Eastern Myanmar was implemented from July to August 2014. A total of 573 outlets were included. Bivariate and multivariable logistic regressions were conducted to assess outlet and provider-level characteristics associated with stocking oral AMT. In total, 2939 outlets in Eastern Myanmar were screened for presence of any anti-malarial drugs in August 2014. The study found that 573 (19.5 %) had some kind of oral anti-malarial drug in stock at the time of survey and among them, 96 (16.8 %) stocked oral AMT. In bivariate analyses, compared to health care facilities, itinerant drug vendors, retailers and health workers were less likely to stock oral AMT (33.3 vs 12.9, 10.0, 8.1 %, OR = 0.30, 0.22, 0.18, respectively). Providers who cut blister pack or sell partial courses (40.6 vs 11.7 %, OR 5.18, CI 3.18-8.44) and those who based their stock decision on consumer demand (32.8 vs 12.1 %, OR 3.54, CI 2.21-5.63) were more likely to stock oAMT. Multivariate logistic regressions produced similar significant associations. Private healthcare facilities and drug

  7. High relative humidity in-package of fresh-cut fruits and vegetables: advantage or disadvantage considering microbiological problems and antimicrobial delivering systems?

    Ayala-Zavala, J F; Del-Toro-Sánchez, L; Alvarez-Parrilla, E; González-Aguilar, G A

    2008-05-01

    This hypothesis article states that the high relative humidity (RH) of packaged fresh-cut fruits or vegetables that is associated with spoilage can be used as an advantageous way to deliver antimicrobial compounds using cyclodextrins (CDs) as carriers. CDs can function as antimicrobial delivery systems as they can release antioxidant and antimicrobial compounds (guest molecules) as the humidity levels increase in the headspace. Hydrophobic antimicrobial guests can be complexed with CDs due to the amphiphatic nature of the host. Then, at high RH values, due to the water-CDs interaction, host-guest interactions are weakened; consequently, the antimicrobial molecule is released and should protect the product against the microbial growth. Potential antimicrobial compounds capable of forming complexes with CDs are discussed, as well as possible applications to preserve fresh-cut produce and future research in this area.

  8. Does the Order Between Dividend Payment and New Stock Issuance Matter to Stock Price? — Evidence from Taiwan

    Mia Twu

    2010-01-01

    I argue that paying dividends before issuing new stock can increase the stock price in the case when firms announce dividend payments and new stock issuance contemporaneously. It enables issuing firms to disentangle the agency problem of paying dividends by newly-raised funds from dividend information for new stock issuances. I employ the seasoned offerings of Taiwan listed firms as the sample, because of their practice of paying dividends once a year. The conditional event study strongly sup...

  9. Stock Market Project.

    Distel, Brenda D.

    This project is designed to teach students the process of buying stocks and to tracking their investments over the course of a semester. The goals of the course are to teach students about the relationships between conditions in the economy and the stock market; to predict the effect of an economic event on a specific stock or industry; to relate…

  10. Predictability of Stock Returns

    Ahmet Sekreter

    2017-06-01

    Full Text Available Predictability of stock returns has been shown by empirical studies over time. This article collects the most important theories on forecasting stock returns and investigates the factors that affecting behavior of the stocks’ prices and the market as a whole. Estimation of the factors and the way of estimation are the key issues of predictability of stock returns.

  11. Prevalence of swallowing and speech problems in daily life after chemoradiation for head and neck cancer based on cut-off scores of the patient-reported outcome measures SWAL-QOL and SHI.

    Rinkel, Rico N; Verdonck-de Leeuw, Irma M; Doornaert, Patricia; Buter, Jan; de Bree, Remco; Langendijk, Johannes A; Aaronson, Neil K; Leemans, C René

    2016-07-01

    The objective of this study is to assess swallowing and speech outcome after chemoradiation therapy for head and neck cancer, based on the patient-reported outcome measures Swallowing Quality of Life Questionnaire (SWAL-QOL) and Speech Handicap Index (SHI), both provided with cut-off scores. This is a cross-sectional study. Department of Otolaryngology/Head and Neck Surgery of a University Medical Center. Sixty patients, 6 months to 5 years after chemoradiation for head and neck squamous cell carcinoma. Swallowing Quality of Life Questionnaire (SWAL-QOL) and SHI, both validated in Dutch and provided with cut-off scores. Associations were tested between the outcome measures and independent variables (age, gender, tumor stage and site, and radiotherapy technique, time since treatment, comorbidity and food intake). Fifty-two patients returned the SWAL-QOL and 47 the SHI (response rate 87 and 78 %, respectively). Swallowing and speech problems were present in 79 and 55 %, respectively. Normal food intake was noticed in 45, 35 % had a soft diet and 20 % tube feeding. Patients with soft diet and tube feeding reported more swallowing problems compared to patients with normal oral intake. Tumor subsite was significantly associated with swallowing outcome (less problems in larynx/hypopharynx compared to oral/oropharynx). Radiation technique was significantly associated with psychosocial speech problems (less problems in patients treated with IMRT). Swallowing and (to a lesser extent) speech problems in daily life are frequently present after chemoradiation therapy for head and neck cancer. Future prospective studies will give more insight into the course of speech and swallowing problems after chemoradiation and into efficacy of new radiation techniques and swallowing and speech rehabilitation programs.

  12. The effect of cutting length on the rooting and growth of subtropical ...

    The length of a cutting can affect both the rooting and plug colonisation of container-grown stock. Using hedges from conventional clonebanks established in the ground, four cutting length treatments (13, 10, 8 and 5 cm) were tested using five Eucalyptus grandis × E. urophylla clones. The smallest cutting length had the ...

  13. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi; Zhang, Yuqing

    2016-01-01

    Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  14. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    Xiao-Qian Sun

    Full Text Available Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  15. Plasma arc cutting: speed and cut quality

    Nemchinsky, V A; Severance, W S

    2009-01-01

    When cutting metal with plasma arc cutting, the walls of the cut are narrower at the bottom than at the top. This lack of squareness increases as the cutting speed increases. A model of this phenomenon, affecting cut quality, is suggested. A thin liquid layer, which separates the plasma from the solid metal to be melted, plays a key role in the suggested model. This layer decreases heat transfer from the plasma to the solid metal; the decrease is more pronounced the higher the speed and the thicker the liquid metal layer. Since the layer is thicker at the bottom of the cut, the heat transfer effectiveness is lower at the bottom. The decrease in heat transfer effectiveness is compensated by the narrowness of the cut. The suggested model allows one to calculate the profile of the cut. The result of the calculations of the cutting speeds for plates of various thicknesses, at which the squareness of the cut is acceptable, agrees well with the speeds recommended by manufacturers. The second effect considered in the paper is the deflection of the plasma jet from the vertical at a high cutting speed. A qualitative explanation of this phenomenon is given. We believe the considerations of this paper are pertinent to other types of cutting with moving heat sources.

  16. Can You Cut It?

    Kjær, Tina; Lillelund, Christoffer Bredo; Moth-Poulsen, Mie

    2017-01-01

    The advent of affordable virtual reality (VR) displays and 360◦ video cameras has sparked an interest in bringing cinematic experiences from the screen and into VR. However, it remains uncertain whether traditional approaches to filmmaking can be directly applied to cinematic VR. Historically......’ sense of disorientation and their ability to follow the story, during exposure to fictional 360◦ films experienced using a head-mounted display. The results revealed no effects of increased cut frequency which leads us to conclude that editing need not pose a problem in relation to cinematic VR, as long...

  17. Religion and stock price crash risk: Evidence

    Wenfei Li

    2016-09-01

    Full Text Available This paper investigates whether religious traditions influence firm-specific crash risk in China. Using a sample of A-share listed firms from 2003 to 2013, we provide evidence that the more intense the religious environment, the lower the stock price crash risk, implying that religion plays an important role in Chinese corporate governance. Further, we find that (1 religion affects stock price crash risk by reducing earnings management and the management perk problem; (2 different religions have different effects, and Taoism, in particular, is unrelated to crash risk; and (3 the effects of religion are more pronounced with higher quality corporate governance and a stronger legal environment. Religion constrains the management agency problem, thus reducing stock price crash risk in China. Our paper enriches the literature on stock price crash risk and religion, and on new economic geography.

  18. Film Editing Handbook; Technique of 16mm Film Cutting.

    Churchill, Hugh B.

    Designed to help the film student with the complexities of 16mm film cutting, this handbook catalogs the mechanical procedures of both picture and sound cutting and supplies step-by-step explanations of these procedures. Because the handbook was organized so that it could be used while working at the cutting bench, common cutting problems and…

  19. Market Structure and Stock Splits

    David Michayluk; Paul Kofman

    2001-01-01

    Enhanced liquidity is one possible motivation for stock splits but empirical research frequently documents declines in liquidity following stock splits. Despite almost thirty years of inquiry, little is known about all the changes in a stock's trading activity following a stock split. We examine how liquidity measures change around more than 2,500 stock splits and find a pervasive decline in most measures. Large stock splits exhibit a more severe liquidity decline than small stock splits, esp...

  20. Stocking and structure for maximum growth in sugar maple selection stands.

    Thomas R. Crow; Carl H. Tubbs; Rodney D. Jacobs; Robert R. Oberg

    1981-01-01

    The impacts of stocking, structure, and cutting cycle on basal area, cubic foot volume, board foot volume, and diameter growth are considered. Recommendations are provided for maximum growth in uneven-aged sugar maple stands.

  1. Stock Return Prediction with Hidden Order Mapping

    Mamidi, Varsha

    2016-01-01

    Missing data problem is ubiquitous in many real life situations. Information Technology researchers have explored and tried to address this problem in different settings. In this thesis, we undertake research to address missing data problem associated with order book information in stock markets. This is an in-depth and large-scale study with systematic and comprehensive framework to address missing data problem in the finance literature.    Orders placed by traders and ...

  2. Plasma cutting or laser cutting. Plasma setsudan ka laser setsudan ka

    Nakamura, A. (Tanaka Engineering Works Ltd., Saitama (Japan))

    1991-05-01

    Comparisons and discussions were made on the plasma cutting and laser cutting in sheet steel cutting, referring partly to gas cutting. Historically, the cutting has been developed from gas, plasma, and laser in that order, and currently these three methods are used mixedly. Generally, the plasma cutting is superior in cutting speed, but inferior in cut face quality, and it requires measures of dust collection. Due to high accuracy and quality in cut face, the laser cutting has been practically used for quite some time in the thin sheet industry, but medium to thick sheet cutting had a problem of unavailability of high output laser suitable for these ranges. However, the recent technologies have overcome the problem as a result of development at the authors {prime} company of a 2 kW class laser cutter capable of cutting 19 mm thick sheet. The cutter has been proven being particularly excellent in controllability. Choice of whether plasma or laser would depend upon which priority is to be taken, cost or accuracy. 15 figs., 3 tabs.

  3. Cutting tool wear monitoring with the use of impedance layers

    Sadílek, Marek; Kratochvíl, Jiří; Petrů, Jana; Čep, Robert; Zlámal, Tomáš; Stančeková, Dana

    2014-01-01

    The article deals with problems of cutting process monitoring in real time. It is focused on tool wear by means of impedance layers applied on ceramic cutting inserts. In the experimental part the cutting process is monitored using electrical resistance measurement. The results are compared and verified using the monitored cutting temperature and tool wear. The testing of impedance layers is reasonable mainly for cutting edge diagnostics. The width of this layer determines the wear allowance ...

  4. Cutting state identification

    Berger, B.S.; Minis, I.; Rokni, M.

    1997-01-01

    Cutting states associated with the orthogonal cutting of stiff cylinders are identified through an analysis of the singular values of a Toeplitz matrix of third order cumulants of acceleration measurements. The ratio of the two pairs of largest singular values is shown to differentiate between light cutting, medium cutting, pre-chatter and chatter states. Sequences of cutting experiments were performed in which either depth of cut or turning frequency was varied. Two sequences of experiments with variable turning frequency and five with variable depth of cut, 42 cutting experiments in all, provided a database for the calculation of third order cumulants. Ratios of singular values of cumulant matrices find application in the analysis of control of orthogonal cutting

  5. Flexible Laser Metal Cutting

    Villumsen, Sigurd; Jørgensen, Steffen Nordahl; Kristiansen, Morten

    2014-01-01

    This paper describes a new flexible and fast approach to laser cutting called ROBOCUT. Combined with CAD/CAM technology, laser cutting of metal provides the flexibility to perform one-of-a-kind cutting and hereby realises mass production of customised products. Today’s laser cutting techniques...... possess, despite their wide use in industry, limitations regarding speed and geometry. Research trends point towards remote laser cutting techniques which can improve speed and geometrical freedom and hereby the competitiveness of laser cutting compared to fixed-tool-based cutting technology...... such as punching. This paper presents the concepts and preliminary test results of the ROBOCUT laser cutting technology, a technology which potentially can revolutionise laser cutting....

  6. Equilibrium Analysis in Cake Cutting

    Branzei, Simina; Miltersen, Peter Bro

    2013-01-01

    Cake cutting is a fundamental model in fair division; it represents the problem of fairly allocating a heterogeneous divisible good among agents with different preferences. The central criteria of fairness are proportionality and envy-freeness, and many of the existing protocols are designed...... to guarantee proportional or envy-free allocations, when the participating agents follow the protocol. However, typically, all agents following the protocol is not guaranteed to result in a Nash equilibrium. In this paper, we initiate the study of equilibria of classical cake cutting protocols. We consider one...... of the simplest and most elegant continuous algorithms -- the Dubins-Spanier procedure, which guarantees a proportional allocation of the cake -- and study its equilibria when the agents use simple threshold strategies. We show that given a cake cutting instance with strictly positive value density functions...

  7. Experience in a Climate Microworld: Influence of Surface and Structure Learning, Problem Difficulty, and Decision Aids in Reducing Stock-Flow Misconceptions

    Medha Kumar

    2018-03-01

    both simple and difficult problems, indicating the role of cognitive load to hamper learning. Finally, misconceptions were reduced when DCCS was used as a decision aid. Overall, these results highlight the role of simulation tools in alleviating climate misconceptions. We discuss the implication of using simulation tools for climate education and policymaking.

  8. Comparison between global financial crisis and local stock disaster on top of Chinese stock network

    Xia, Lisi; You, Daming; Jiang, Xin; Guo, Quantong

    2018-01-01

    The science of complex network theory can be usefully applied in many important fields, one of which is the finance. In these practical cases, a massive dataset can be represented as a very large network with certain attributes associated with its nodes and edges. As one of the most important components of financial market, stock market has been attracting more and more attention. In this paper, we propose a threshold model to build Chinese stock market networks and study the topological properties of these networks. To be specific, we compare the effects of different crises, namely the 2008 global crisis and the stock market disaster in 2015, on the threshold networks. Prices of the stocks belonging to the Shanghai and Shenzhen 300 index are considered for three periods: the global crisis, common period and the stock market disaster. We find the probability distribution of the cross-correlations of the stocks during the stock market disaster is fatter than that of others. Besides, the thresholds of cross-correlations are assigned to obtain the threshold networks and the power-law of degree distribution in these networks are observed in a certain range of threshold values. The networks during the stock market disaster also appear to have larger mean degree and modularity, which reveals the strong correlations among these stock prices. Our findings to some extent crosscheck the liquidity shortage reason which is believed to result in the outbreak of the stock market disaster. Moreover, we hope that this paper could give us a deeper understanding of the market's behavior and also lead to interesting future research about the problems of modern finance theory.

  9. Welding and cutting

    Drews, P.; Schulze Frielinghaus, W.

    1978-01-01

    This is a survey, with 198 literature references, of the papers published in the fields of welding and cutting within the last three years. The subjects dealt with are: weldability of the materials - Welding methods - Thermal cutting - Shaping and calculation of welded joints - Environmental protection in welding and cutting. (orig.) [de

  10. The Differences Between Stock Splits and Stock Dividends

    Bechmann, Ken L.; Raaballe, Johannes

    It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market...... different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling...... for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news....

  11. 75 FR 46912 - Draft 2010 Marine Mammal Stock Assessment Reports

    2010-08-04

    ..., Niihau stock, Kure-Midway stock, and the Pearl and Hermes stock. The SAR for the Hawaii stock of... new bottlenose dolphin stocks are the Kauai-Niihau stock, Oahu stock, Four Islands stock, and the...

  12. Disruption Management of Rolling Stock in Passenger Railway Transportation

    L.K. Nielsen (Lars Kjaer); G. Maróti (Gábor)

    2009-01-01

    textabstractThis paper deals with real-time disruption management of rolling stock in passenger railway transportation. We present a generic framework for modeling disruptions in railway rolling stock schedules. The framework is presented as an online combinatorial decision problem where the

  13. Stock market in Ukraine: state and prospects of development

    Krasnova Iryna V.

    2014-01-01

    Full Text Available The article is devoted to analysis of the topical problem of detection of specific features of functioning and problem of development of the stock market of Ukraine and also justification of directions of increase of its liquidity and efficiency. It analyses main tendencies and regularities of development of the stock market in the context of institutional, instrumental and infrastructural components. It considers issues of changes of volumes of trade and other parameters of activity of stock exchanges during recent years. It focuses on existing problems on the way of development of the stock market of Ukraine, which interfere with its efficient functioning, in particular, a limited number of liquid and investment attractive financial instruments, high fragmentariness of the exchange and depositary infrastructure, and insufficient legislative regulation of the exchange activity. For solution of problem issues and stimulation of further development of the domestic stock market the article marks expediency of consolidation of stock exchanges, necessity to increase capitalisation, liquidity and transparency of the stock market; further formation and consolidation of the market infrastructure and ensuring its reliable and efficient functioning, and improvement of mechanisms of state regulation, supervision and protection of the rights of investors in the Ukrainian stock market.

  14. Global stock market linkages reduce potential for diversification

    Karen K. Lewis

    2012-01-01

    Recent European government debt difficulties demonstrate how linked stock markets have become. Problems in countries such as Greece and Italy have depressed stock markets not only on the continent but also in the United States. Such comovement across international financial markets highlights U.S. equity markets’ exposure to foreign markets.

  15. DLA Forward Stocking

    Flory, John

    2007-01-01

    .... This study evaluates the feasibility of forward stocking in terms of DoD savings. The performance of DLA's criteria is evaluated and a new criteria using a cost and demand threshold is proposed...

  16. An Ensemble of Neural Networks for Stock Trading Decision Making

    Chang, Pei-Chann; Liu, Chen-Hao; Fan, Chin-Yuan; Lin, Jun-Lin; Lai, Chih-Ming

    Stock turning signals detection are very interesting subject arising in numerous financial and economic planning problems. In this paper, Ensemble Neural Network system with Intelligent Piecewise Linear Representation for stock turning points detection is presented. The Intelligent piecewise linear representation method is able to generate numerous stocks turning signals from the historic data base, then Ensemble Neural Network system will be applied to train the pattern and retrieve similar stock price patterns from historic data for training. These turning signals represent short-term and long-term trading signals for selling or buying stocks from the market which are applied to forecast the future turning points from the set of test data. Experimental results demonstrate that the hybrid system can make a significant and constant amount of profit when compared with other approaches using stock data available in the market.

  17. Device for cutting protrusions

    Bzorgi, Fariborz M [Knoxville, TN

    2011-07-05

    An apparatus for clipping a protrusion of material is provided. The protrusion may, for example, be a bolt head, a nut, a rivet, a weld bead, or a temporary assembly alignment tab protruding from a substrate surface of assembled components. The apparatus typically includes a cleaver having a cleaving edge and a cutting blade having a cutting edge. Generally, a mounting structure configured to confine the cleaver and the cutting blade and permit a range of relative movement between the cleaving edge and the cutting edge is provided. Also typically included is a power device coupled to the cutting blade. The power device is configured to move the cutting edge toward the cleaving edge. In some embodiments the power device is activated by a momentary switch. A retraction device is also generally provided, where the retraction device is configured to move the cutting edge away from the cleaving edge.

  18. Cutting prepregs, cutting and processing polymer plastics in the manufacture of airсraft panels

    MELUKHOV NIKITA; GRISHCHENKO TATIANA; LYUBUSHKIN VADIM

    2017-01-01

    The article presents an alternative to the solution of the problem of reduction of manual operations in manufacture. It may be achieved if cutting out prepregs and processing polymeric materials (PMP) be changed for sharp ultrasonic cutting when manufacturing components from polymeric composite materials (PCM). Described are the lines of investigations on new techniques of cutting out prepreg and processings polymeric material of the Nomex type with the use of the energy of ultrasonic waves. ...

  19. Modeling of tool path for the CNC sheet cutting machines

    Petunin, Aleksandr A.

    2015-11-01

    In the paper the problem of tool path optimization for CNC (Computer Numerical Control) cutting machines is considered. The classification of the cutting techniques is offered. We also propose a new classification of toll path problems. The tasks of cost minimization and time minimization for standard cutting technique (Continuous Cutting Problem, CCP) and for one of non-standard cutting techniques (Segment Continuous Cutting Problem, SCCP) are formalized. We show that the optimization tasks can be interpreted as discrete optimization problem (generalized travel salesman problem with additional constraints, GTSP). Formalization of some constraints for these tasks is described. For the solution GTSP we offer to use mathematical model of Prof. Chentsov based on concept of a megalopolis and dynamic programming.

  20. The Reed Elsevier stock price gap

    Kamp, B.

    1995-01-01

    This is the report of a limited study on the structural stock price differences between Reed and Elsevier. The purpose of this study is to provide an overview of the problem area and to formulate and discuss several hypotheses regarding the causes of this gap. The research was performed by

  1. Regeneration in mixed conifer and Douglas-fir shelterwood cuttings in the Cascade Range of Washington.

    K.W. Seidel

    1983-01-01

    A survey of shelterwood cuttings in mixed conifer and Douglas-fir (Pseudotsuga menziesii (Mirb.) Franco) forests in the Cascade Range in Washington showed that, on the average, shelterwood units were adequately-stocked with a mixture of advance, natural postharvest, and planted reproduction of a number of species. Shelterwood cuttings in the...

  2. Research on NC laser combined cutting optimization model of sheet metal parts

    Wu, Z. Y.; Zhang, Y. L.; Li, L.; Wu, L. H.; Liu, N. B.

    2017-09-01

    The optimization problem for NC laser combined cutting of sheet metal parts was taken as the research object in this paper. The problem included two contents: combined packing optimization and combined cutting path optimization. In the problem of combined packing optimization, the method of “genetic algorithm + gravity center NFP + geometric transformation” was used to optimize the packing of sheet metal parts. In the problem of combined cutting path optimization, the mathematical model of cutting path optimization was established based on the parts cutting constraint rules of internal contour priority and cross cutting. The model played an important role in the optimization calculation of NC laser combined cutting.

  3. KCUT, code to generate minimal cut sets for fault trees

    Han, Sang Hoon

    2008-01-01

    1 - Description of program or function: KCUT is a software to generate minimal cut sets for fault trees. 2 - Methods: Expand a fault tree into cut sets and delete non minimal cut sets. 3 - Restrictions on the complexity of the problem: Size and complexity of the fault tree

  4. Commodities and Stock Investment

    Syed Jawad Hussain Shahzad

    2014-09-01

    Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

  5. Extension without Cut

    Straßburger , Lutz

    2012-01-01

    International audience; In proof theory one distinguishes sequent proofs with cut and cut-free sequent proofs, while for proof complexity one distinguishes Frege-systems and extended Frege-systems. In this paper we show how deep inference can provide a uniform treatment for both classifications, such that we can define cut-free systems with extension, which is neither possible with Frege-systems, nor with the sequent calculus. We show that the propositional pigeon-hole principle admits polyno...

  6. Underwater cutting techniques developments

    Bach, F.-W.

    1990-01-01

    The primary circuit structures of different nuclear powerplants are constructed out of stainless steels, ferritic steels, plated ferritic steels and alloys of aluminium. According to the level of the specific radiation of these structures, it is necessary for dismantling to work with remote controlled cutting techniques. The most successful way to protect the working crew against exposure of radiation is to operate underwater in different depths. The following thermal cutting processes are more or less developed to work under water: For ferritic steels only - flame cutting; For ferritic steels, stainless steels, cladded steels and aluminium alloys - oxy-arc-cutting, arc-waterjet-cutting with a consumable electrode, arc-saw-cutting, plasma-arc-cutting and plasma-arc-saw. The flame cutting is a burning process, all the other processes are melt-cutting processes. This paper explains the different techniques, giving a short introduction of the theory, a discussion of the possibilities with the advantages and disadvantages of these processes giving a view into the further research work in this interesting field. (author)

  7. Stock management optimization. Example of the management of a reprocessed plutonium stock

    Herault, L.; Privault, C.

    1997-01-01

    This paper describes a method developed by the CEA for the management of a stock of nuclear materials of Electricite de France and which combines meta-heuristics with mathematical programing results for a better efficiency. The industrial problem to solve concerns the reprocessing of spent fuels and the reuse of their plutonium content for the manufacturing of mixed oxide (MOX) fuels. In this problem, the plutonium stock is shared into subsets which must supply fuel fabrication plants at a given date and with precise energetic, chemical and quality criteria in order to minimize the reprocessing costs. (J.S.)

  8. An Intelligent Model for Stock Market Prediction

    IbrahimM. Hamed

    2012-08-01

    Full Text Available This paper presents an intelligent model for stock market signal prediction using Multi-Layer Perceptron (MLP Artificial Neural Networks (ANN. Blind source separation technique, from signal processing, is integrated with the learning phase of the constructed baseline MLP ANN to overcome the problems of prediction accuracy and lack of generalization. Kullback Leibler Divergence (KLD is used, as a learning algorithm, because it converges fast and provides generalization in the learning mechanism. Both accuracy and efficiency of the proposed model were confirmed through the Microsoft stock, from wall-street market, and various data sets, from different sectors of the Egyptian stock market. In addition, sensitivity analysis was conducted on the various parameters of the model to ensure the coverage of the generalization issue. Finally, statistical significance was examined using ANOVA test.

  9. U.S.Stock Market Crashes and Their Aftermath: Implications for Monetary Policy

    Eugene White; Frederic Mishkin

    2002-01-01

    This paper examines fifteen historical episodes of stock market crashes and their aftermath in the United States over the last one hundred years. Our basic conclusion from studying these episodes is that financial instability is the key problem facing monetary policy makers and not stock market crashes, even if they reflect the possible bursting of a bubble. With a focus on financial stability rather than the stock market, the response of central banks to stock market fluctuations is more lik...

  10. US stock market crashes and their aftermath: Implications for monetary policy

    Mishkin, Frederic S.; White, Eugene N.

    2002-01-01

    This paper examines fifteen historical episodes of stock market crashes and their aftermath in the United States over the last one hundred years. Our basic conclusion from studying these episodes is that financial instability is the key problem facing monetary policy makers and not stock market crashes, even if they reflect the possible bursting of a bubble. With a focus on financial stability rather than the stock market, the response of central banks to stock market fluctuations is more lik...

  11. Laser cutting - from 200 Watt to 12 Kilowatt

    Olsen, Flemming Ove; Nielsen, Jakob Skov

    2004-01-01

    Laser cutting is the most widespread industrial application of high power lasers. The development of this process was initiated around 1970, when scientists at TWI first demonstrated laser cutting with coaxial gas assistance. 10 years later, the polarisation problem was solved and the technology ...... got its breakthrough. Since then some 30,000 laser cutting systems have been installed worldwide, making the laser an important cutting tool in modern industry....

  12. Stock price estimation using ensemble Kalman Filter square root method

    Karya, D. F.; Katias, P.; Herlambang, T.

    2018-04-01

    Shares are securities as the possession or equity evidence of an individual or corporation over an enterprise, especially public companies whose activity is stock trading. Investment in stocks trading is most likely to be the option of investors as stocks trading offers attractive profits. In determining a choice of safe investment in the stocks, the investors require a way of assessing the stock prices to buy so as to help optimize their profits. An effective method of analysis which will reduce the risk the investors may bear is by predicting or estimating the stock price. Estimation is carried out as a problem sometimes can be solved by using previous information or data related or relevant to the problem. The contribution of this paper is that the estimates of stock prices in high, low, and close categorycan be utilized as investors’ consideration for decision making in investment. In this paper, stock price estimation was made by using the Ensemble Kalman Filter Square Root method (EnKF-SR) and Ensemble Kalman Filter method (EnKF). The simulation results showed that the resulted estimation by applying EnKF method was more accurate than that by the EnKF-SR, with an estimation error of about 0.2 % by EnKF and an estimation error of 2.6 % by EnKF-SR.

  13. An FMS Dynamic Production Scheduling Algorithm Considering Cutting Tool Failure and Cutting Tool Life

    Setiawan, A; Wangsaputra, R; Halim, A H; Martawirya, Y Y

    2016-01-01

    This paper deals with Flexible Manufacturing System (FMS) production rescheduling due to unavailability of cutting tools caused either of cutting tool failure or life time limit. The FMS consists of parallel identical machines integrated with an automatic material handling system and it runs fully automatically. Each machine has a same cutting tool configuration that consists of different geometrical cutting tool types on each tool magazine. The job usually takes two stages. Each stage has sequential operations allocated to machines considering the cutting tool life. In the real situation, the cutting tool can fail before the cutting tool life is reached. The objective in this paper is to develop a dynamic scheduling algorithm when a cutting tool is broken during unmanned and a rescheduling needed. The algorithm consists of four steps. The first step is generating initial schedule, the second step is determination the cutting tool failure time, the third step is determination of system status at cutting tool failure time and the fourth step is the rescheduling for unfinished jobs. The approaches to solve the problem are complete-reactive scheduling and robust-proactive scheduling. The new schedules result differences starting time and completion time of each operations from the initial schedule. (paper)

  14. Cutting Class Harms Grades

    Taylor, Lewis A., III

    2012-01-01

    An accessible business school population of undergraduate students was investigated in three independent, but related studies to determine effects on grades due to cutting class and failing to take advantage of optional reviews and study quizzes. It was hypothesized that cutting classes harms exam scores, attending preexam reviews helps exam…

  15. Cut elimination in multifocused linear logic

    Guenot, Nicolas; Brock-Nannestad, Taus

    2015-01-01

    We study cut elimination for a multifocused variant of full linear logic in the sequent calculus. The multifocused normal form of proofs yields problems that do not appear in a standard focused system, related to the constraints in grouping rule instances in focusing phases. We show that cut...... elimination can be performed in a sensible way even though the proof requires some specific lemmas to deal with multifocusing phases, and discuss the difficulties arising with cut elimination when considering normal forms of proofs in linear logic....

  16. Fundamentals of cutting.

    Williams, J G; Patel, Y

    2016-06-06

    The process of cutting is analysed in fracture mechanics terms with a view to quantifying the various parameters involved. The model used is that of orthogonal cutting with a wedge removing a layer of material or chip. The behaviour of the chip is governed by its thickness and for large radii of curvature the chip is elastic and smooth cutting occurs. For smaller thicknesses, there is a transition, first to plastic bending and then to plastic shear for small thicknesses and smooth chips are formed. The governing parameters are tool geometry, which is principally the wedge angle, and the material properties of elastic modulus, yield stress and fracture toughness. Friction can also be important. It is demonstrated that the cutting process may be quantified via these parameters, which could be useful in the study of cutting in biology.

  17. Stock Assessment Supplementary Information (SASINF)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the interest of efficiency, clarity and standardization of stock assessment materials, the stock assessment reports for the 2015 Groundfish update have been...

  18. Stock Issues in Aristotle's Rhetoric

    Harpine, Bill

    1977-01-01

    Defines "stock issue" by the manner in which they function in Aristotle's theory, reviews examples of modern theories of stock issues, examines previous investigations of the "Rhetoric," and analyzes Aristotle's approach to this aspect of argumentation. (MH)

  19. Rainy Day Stocks

    Gormsen, Niels Joachim; Greenwood, Robin

    We study the good- and bad-times performance of equity portfolios formed on characteristics. Many characteristics associated with good performance during bad times—value, profitability, small size, safety, and total volatility—also perform well during good times. Stocks with characteristics signi...

  20. Optimizing Plutonium stock management

    Niquil, Y.; Guillot, J.

    1997-01-01

    Plutonium from spent fuel reprocessing is reused in new MOX assemblies. Since plutonium isotopic composition deteriorates with time, it is necessary to optimize plutonium stock management over a long period, to guarantee safe procurement, and contribute to a nuclear fuel cycle policy at the lowest cost. This optimization is provided by the prototype software POMAR

  1. Stock Market Savvy.

    Okula, Susan

    2003-01-01

    This issue of Keying In, the newsletter of the National Business Education Association, focuses upon teaching young adults how to develop both investment strategies and an understanding of the stock market. The first article, "Sound Investing Know-How: A Must for Today's Young Adults," describes how young adults can plan for their own…

  2. Stock Selection, Style Rotation

    Lucas, A.; van Dijk, R.; Prof. Kloek, T.

    2002-01-01

    Using US data from June 1984 to July 1999, we show that the impact of firm-specific characteristics like size and book-to-price on future excess stock returns varies considerably over time. The impact can be either positive or negative at different times. This time variation is partially

  3. Stock prices and business investment

    Yaron Leitner

    2007-01-01

    Is there a link between the stock market and business investment? Empirical evidence indicates that there is. A firm tends to invest more when its stock price increases, and it tends to invest less when the price falls. In “Stock Prices and Business Investment,” Yaron Leitner discusses existing research that explains this relationship. One question under consideration is whether the stock market actually improves investment decisions.

  4. Perbandingan Stock Market Crash 1987 : Dan Stock Market Crash 1997

    Indridewi Atmadjaja, Yovita Vivianty

    1999-01-01

    Stock market crash refers to the condition, which is marked with the large dropping of stock Market price index. Historically, stock market crash has happened three times, namely in 1929, 1987 and 1997. This paper will discuss the causes of 1987's and 1997's stock market Crash and the similarities and the differences between 1987's and 1997's stock market crash. The structure of the paper is as follows. The paper starts with the introduction. The second Section briefly explains the causes of ...

  5. Comparable stocks, boundedly rational stock markets and IPO entry rates.

    Jay Chok

    Full Text Available In this study, we examine how initial public offerings (IPO entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses.

  6. Safety stock placement in supply chains with demand forecast updates

    Youssef Boulaksil

    2016-01-01

    Full Text Available Supply chains are exposed to many types of risks and it may not be obvious where to keep safety stocks in the supply chain to hedge against those risks, while maintaining a high customer service level. In this paper, we develop an approach to determine the safety stock levels in supply chain systems that face demand uncertainty. We model customer demand following the Martingale Model of Forecast Evolution (MMFE. An extensive body of literature discusses the safety stock placement problem in supply chains, but most studies assume independent and identically distributed demand. Our approach is based on a simulation study in which mathematical models are solved in a rolling horizon setting. It allows determining the safety stock levels at each stage of the supply chain. Based on a numerical study, we find that a big portion of the safety stocks should be placed downstream in the supply chain to achieve a high customer service level.

  7. Advanced cutting techniques: laser and fissuration cutting

    Migliorati, B.; Gay, P.

    1984-01-01

    Experimental tests have been performed using CO 2 laser with output power 1 to 15 kW to evaluate the effect of varying the following parameters: material (carbon steel Fe 42 C, stainless steel AISI 304, concrete), laser power, beam characteristics, work piece velocity, gas type and distribution on the laser interaction zone. In the case of concrete, drilling depths of 80 mm were obtained in a few seconds using a 10 kW laser beam. Moreover pieces of 160 mm were cut at 0.01 meters per minute. Results with carbon steel indicated maximum thicknesses of 110 mm, cut at 0.01 meters per minute with 10 kW, depths about 20% lower were obtained with the AISI 304 stainless steel. A parallel investigation was aimed at characterizing particulate emission during the laser cutting process. At the end of the research it was possible to elaborate a preliminary proposal concerning a laser based dismantling system for the application to a typical Nuclear Power Station. (author)

  8. Laser Cutting, Development Trends

    Olsen, Flemming Ove

    1999-01-01

    In this paper a short review of the development trends in laser cutting will be given.The technology, which is the fastest expanding industrial production technology will develop in both its core market segment: Flat bed cutting of sheet metal, as it will expand in heavy industry and in cutting...... of 3-dimensional shapes.The CO2-laser will also in the near future be the dominating laser source in the market, although the new developments in ND-YAG-lasers opens for new possibilities for this laser type....

  9. Experimental testing of exchangeable cutting inserts cutting ability

    Čep, Robert; Janásek, Adam; Čepová, Lenka; Petrů, Jana; Hlavatý, Ivo; Car, Zlatan; Hatala, Michal

    2013-01-01

    The article deals with experimental testing of the cutting ability of exchangeable cutting inserts. Eleven types of exchangeable cutting inserts from five different manufacturers were tested. The tested cutting inserts were of the same shape and were different especially in material and coating types. The main aim was both to select a suitable test for determination of the cutting ability of exchangeable cutting inserts and to design such testing procedure that could make it possible...

  10. Cut without Killing.

    Black, Susan

    1991-01-01

    The zero-based curriculum model can help school boards and administrators make decisions about what to keep and what to cut. All instructional programs are ranked and judged in categories ranging from required to optional. (MLF)

  11. Laser cutting system

    Dougherty, Thomas J

    2015-03-03

    A workpiece cutting apparatus includes a laser source, a first suction system, and a first finger configured to guide a workpiece as it moves past the laser source. The first finger includes a first end provided adjacent a point where a laser from the laser source cuts the workpiece, and the first end of the first finger includes an aperture in fluid communication with the first suction system.

  12. How Can I Stop Cutting?

    ... Educators Search English Español How Can I Stop Cutting? KidsHealth / For Teens / How Can I Stop Cutting? ... in a soft, cozy blanket Substitutes for the Cutting Sensation You'll notice that all the tips ...

  13. Cutting and Self-Harm

    ... Your feelings Feeling sad Cutting and self-harm Cutting and self-harm Self-harm, sometimes called self- ... There are many types of self-injury, and cutting is one type that you may have heard ...

  14. Outlook '98 - Stock markets

    Vankka, D.

    1998-01-01

    In view of the recent drop of some 20 per cent in energy stock prices, and the decline in the value of the Canadian dollar, forecasting oilpatch financing in 1998 is a risky undertaking. Based on a variety of relevant factors, it is expected that there will be a slowdown in oil and gas financing deals in the short term. On the other hand, longer term outlook is bullish, based on the huge capital requirements over the next few years for conventional projects, heavy oil, oilsands and pipelines projects. Corporate mergers and acquisitions will continue at about the same rate as in 1997, as companies attempt to achieve ''economies of scale'' and growth in the most economically sensible manner. Adding production and reserves through corporate transactions at the current lower stock prices will be a powerful incentive. Creative deal structuring will become more prevalent. Corporate reorganizations into separate companies in search of value maximization will increase

  15. Flux cutting in superconductors

    Campbell, A M

    2011-01-01

    This paper describes experiments and theories of flux cutting in superconductors. The use of the flux line picture in free space is discussed. In superconductors cutting can either be by means of flux at an angle to other layers of flux, as in longitudinal current experiments, or due to shearing of the vortex lattice as in grain boundaries in YBCO. Experiments on longitudinal currents can be interpreted in terms of flux rings penetrating axial lines. More physical models of flux cutting are discussed but all predict much larger flux cutting forces than are observed. Also, cutting is occurring at angles between vortices of about one millidegree which is hard to explain. The double critical state model and its developments are discussed in relation to experiments on crossed and rotating fields. A new experiment suggested by Clem gives more direct information. It shows that an elliptical yield surface of the critical state works well, but none of the theoretical proposals for determining the direction of E are universally applicable. It appears that, as soon as any flux flow takes place, cutting also occurs. The conclusion is that new theories are required. (perspective)

  16. On Permuting Cut with Contraction

    Borisavljevic, Mirjana; Dosen, Kosta; Petric, Zoran

    1999-01-01

    The paper presents a cut-elimination procedure for intuitionistic propositional logic in which cut is eliminated directly, without introducing the multiple-cut rule mix, and in which pushing cut above contraction is one of the reduction steps. The presentation of this procedure is preceded by an analysis of Gentzen's mix-elimination procedure, made in the perspective of permuting cut with contraction. It is also shown that in the absence of implication, pushing cut above contraction doesn't p...

  17. The performance of Libyan stock market

    Atiya Aljbiri

    2012-01-01

    Full Text Available The objective of this paper is to answer the following question:. To what extent Libyan stock market developed to contribute to economic growth in Libya? This can be evaluated by using many financial indicators, these include stock market size, activity and efficiency, as well as the study including the regulatory framework, and information technology (IT set in place by the market authorities. However, descriptive and comparative method was used. The results indicated that, despite the modest progress made in a very short time regarding all indicators which the paper calculated, however, it can be said that Libyan stock market remain largely underdeveloped, small and relatively inefficient. Its market capitalization to GDP is very low and investors have no access to long-term capital. In addition, the market still have very low liquidity and investors still have a limited choice of financial instruments and face liquidity problems. In the end of this paper was its conclusion a set of recommendations that can be used in developing a program that aims to speed the development of Libyan stock market and increase its efficiency.

  18. Female genital cutting.

    Perron, Liette; Senikas, Vyta; Burnett, Margaret; Davis, Victoria

    2013-11-01

    To strengthen the national framework for care of adolescents and women affected by female genital cutting (FGC) in Canada by providing health care professionals with: (1) information intended to strengthen their knowledge and understanding of the practice; (2) directions with regard to the legal issues related to the practice; (3) clinical guidelines for the management of obstetric and gynaecological care, including FGC related complications; and (4) guidance on the provision of culturally competent care to adolescents and women with FGC. Published literature was retrieved through searches of PubMed, CINAHL, and The Cochrane Library in September 2010 using appropriate controlled vocabulary (e.g., Circumcision, Female) and keywords (e.g., female genital mutilation, clitoridectomy, infibulation). We also searched Social Science Abstracts, Sociological Abstracts, Gender Studies Database, and ProQuest Dissertations and Theses in 2010 and 2011. There were no date or language restrictions. Searches were updated on a regular basis and incorporated in the guideline to December 2011. Grey (unpublished) literature was identified through searching the websites of health technology assessment and health technology-related agencies, clinical practice guideline collections, clinical trial registries, and national and international medical specialty societies. The quality of evidence in this document was rated using the criteria described in the Report of the Canadian Task Force on Preventive Health Care (Table 1). Summary Statements 1. Female genital cutting is internationally recognized as a harmful practice and a violation of girls' and women's rights to life, physical integrity, and health. (II-3) 2. The immediate and long-term health risks and complications of female genital cutting can be serious and life threatening. (II-3) 3. Female genital cutting continues to be practised in many countries, particularly in sub-Saharan Africa, Egypt, and Sudan. (II-3) 4. Global migration

  19. ADVANCED CUTTINGS TRANSPORT STUDY

    Stefan Miska; Nicholas Takach; Kaveh Ashenayi; Mengjiao Yu; Ramadan Ahmed; Mark Pickell; Len Volk; Lei Zhou; Zhu Chen; Aimee Washington; Crystal Redden

    2003-09-30

    The Quarter began with installing the new drill pipe, hooking up the new hydraulic power unit, completing the pipe rotation system (Task 4 has been completed), and making the SWACO choke operational. Detailed design and procurement work is proceeding on a system to elevate the drill-string section. The prototype Foam Generator Cell has been completed by Temco and delivered. Work is currently underway to calibrate the system. Literature review and preliminary model development for cuttings transportation with polymer foam under EPET conditions are in progress. Preparations for preliminary cuttings transport experiments with polymer foam have been completed. Two nuclear densitometers were re-calibrated. Drill pipe rotation system was tested up to 250 RPM. Water flow tests were conducted while rotating the drill pipe up to 100 RPM. The accuracy of weight measurements for cuttings in the annulus was evaluated. Additional modifications of the cuttings collection system are being considered in order to obtain the desired accurate measurement of cuttings weight in the annular test section. Cutting transport experiments with aerated fluids are being conducted at EPET, and analyses of the collected data are in progress. The printed circuit board is functioning with acceptable noise level to measure cuttings concentration at static condition using ultrasonic method. We were able to conduct several tests using a standard low pass filter to eliminate high frequency noise. We tested to verify that we can distinguish between different depths of sand in a static bed of sand. We tested with water, air and a mix of the two mediums. Major modifications to the DTF have almost been completed. A stop-flow cell is being designed for the DTF, the ACTF and Foam Generator/Viscometer which will allow us to capture bubble images without the need for ultra fast shutter speeds or microsecond flash system.

  20. Improved cutting performance in high power laser cutting

    Olsen, Flemming Ove

    2003-01-01

    Recent results in high power laser cutting especially with focus on cutting of mild grade steel types for shipbuilding are described.......Recent results in high power laser cutting especially with focus on cutting of mild grade steel types for shipbuilding are described....

  1. A preliminary study on safety stock placement in capacitated supply chains

    Sitompul, Carles; Aghezzaf, El Houssaine; Chen, Huan; Dullaert, Wout

    2006-01-01

    The issue of safety stock placement is one of the challenging problems in the area of supply chain design. Safety stocks play a significant role in supply chains since they assure the service level and the smoothness of the flow of materials throughout the chain. Some special models of the problem

  2. Determination of cut front position in laser cutting

    Pereira, M; Thombansen, U

    2016-01-01

    Laser cutting has a huge importance to manufacturing industry. Laser cutting machines operate with fixed technological parameters and this does not guarantee the best productivity. The adjustment of the cutting parameters during operation can improve the machine performance. Based on a coaxial measuring device it is possible to identify the cut front position during the cutting process. This paper describes the data analysis approach used to determine the cut front position for different feed rates. The cut front position was determined with good resolution, but improvements are needed to make the whole process more stable. (paper)

  3. Determination of cut front position in laser cutting

    Pereira, M.; Thombansen, U.

    2016-07-01

    Laser cutting has a huge importance to manufacturing industry. Laser cutting machines operate with fixed technological parameters and this does not guarantee the best productivity. The adjustment of the cutting parameters during operation can improve the machine performance. Based on a coaxial measuring device it is possible to identify the cut front position during the cutting process. This paper describes the data analysis approach used to determine the cut front position for different feed rates. The cut front position was determined with good resolution, but improvements are needed to make the whole process more stable.

  4. Underwater plasma arc cutting

    Leautier, R.; Pilot, G.

    1991-01-01

    This report describes the work done to develop underwater plasma arc cutting techniques, to characterise aerosols from cutting operations on radioactive and non-radioactive work-pieces, and to develop suitable ventilation and filtration techniques. The work has been carried out in the framework of a contract between CEA-CEN Cadarache and the Commission of European Communities. Furthermore, this work has been carried out in close cooperation with CEA-CEN Saclay mainly for secondary emissions and radioactive analysis. The contract started in May 1986 and was completed in December 1988 by a supplementary agreement. This report has been compiled from several progress reports submitted during the work period, contains the main findings of the work and encloses the results of comparative tests on plasma arc cutting

  5. Company Stock in Pension Funds

    Even, William E.; Macpherson, David

    2004-01-01

    This study examines several issues surrounding the tendency for some pension funds to invest in their own company’s stock. After reviewing the existing literature describing the benefits and costs of investing in company stock, the legislative environment surrounding company stock holdings is reviewed. Using data from Internal Revenue Service Form 5500 filings on the pension fund holdings of over 300,000 defined–contribution pension plans in the 1990s, we show that about one out of ten define...

  6. Capital Structure and Stock Returns

    Ivo Welch

    2002-01-01

    U.S. corporations do not issue and repurchase debt and equity to counteract the mechanistic effects of stock returns on their debt-equity ratios. Thus over one- to five-year horizons, stock returns can explain about 40 percent of debt ratio dynamics. Although corporate net issuing activity is lively and although it can explain 60 percent of debt ratio dynamics (long-term debt issuing activity being most capital structurerelevant), corporate issuing motives remain largely a mystery. When stock...

  7. ADVANCED CUTTINGS TRANSPORT STUDY

    Troy Reed; Stefan Miska; Nicholas Takach; Kaveh Ashenayi; Gerald Kane; Mark Pickell; Len Volk; Mike Volk; Barkim Demirdal; Affonso Lourenco; Evren Ozbayoglu; Paco Vieira; Lei Zhou

    2000-01-30

    This is the second quarterly progress report for Year 2 of the ACTS project. It includes a review of progress made in Flow Loop development and research during the period of time between Oct 1, 2000 and December 31, 2000. This report presents a review of progress on the following specific tasks: (a) Design and development of an Advanced Cuttings Transport Facility (Task 2: Addition of a foam generation and breaker system), (b) Research project (Task 6): ''Study of Cuttings Transport with Foam Under LPAT Conditions (Joint Project with TUDRP)'', (c) Research project (Task 7): ''Study of Cuttings Transport with Aerated Muds Under LPAT Conditions (Joint Project with TUDRP)'', (d) Research project (Task 8): ''Study of Flow of Synthetic Drilling Fluids Under Elevated Pressure and Temperature Conditions'', (e) Research project (Task 9): ''Study of Foam Flow Behavior Under EPET Conditions'', (f) Research project (Task 10): ''Study of Cuttings Transport with Aerated Mud Under Elevated Pressure and Temperature Conditions'', (g) Research on instrumentation tasks to measure: Cuttings concentration and distribution in a flowing slurry (Task 11), and Foam properties while transporting cuttings. (Task 12), (h) Development of a Safety program for the ACTS Flow Loop. Progress on a comprehensive safety review of all flow-loop components and operational procedures. (Task 1S). (i) Activities towards technology transfer and developing contacts with Petroleum and service company members, and increasing the number of JIP members. The tasks Completed During This Quarter are Task 7 and Task 8.

  8. Theoretical Models for Orthogonal Cutting

    De Chiffre, Leonardo

    This review of simple models for orthogonal cutting was extracted from: “L. De Chiffre: Metal Cutting Mechanics and Applications, D.Sc. Thesis, Technical University of Denmark, 1990.”......This review of simple models for orthogonal cutting was extracted from: “L. De Chiffre: Metal Cutting Mechanics and Applications, D.Sc. Thesis, Technical University of Denmark, 1990.”...

  9. ADVANCED CUTTINGS TRANSPORT STUDY

    Stefan Miska; Troy Reed; Ergun Kuru

    2004-09-30

    The Advanced Cuttings Transport Study (ACTS) was a 5-year JIP project undertaken at the University of Tulsa (TU). The project was sponsored by the U.S. Department of Energy (DOE) and JIP member companies. The objectives of the project were: (1) to develop and construct a new research facility that would allow three-phase (gas, liquid and cuttings) flow experiments under ambient and EPET (elevated pressure and temperature) conditions, and at different angle of inclinations and drill pipe rotation speeds; (2) to conduct experiments and develop a data base for the industry and academia; and (3) to develop mechanistic models for optimization of drilling hydraulics and cuttings transport. This project consisted of research studies, flow loop construction and instrumentation development. Following a one-year period for basic flow loop construction, a proposal was submitted by TU to the DOE for a five-year project that was organized in such a manner as to provide a logical progression of research experiments as well as additions to the basic flow loop. The flow loop additions and improvements included: (1) elevated temperature capability; (2) two-phase (gas and liquid, foam etc.) capability; (3) cuttings injection and removal system; (4) drill pipe rotation system; and (5) drilling section elevation system. In parallel with the flow loop construction, hydraulics and cuttings transport studies were preformed using drilling foams and aerated muds. In addition, hydraulics and rheology of synthetic drilling fluids were investigated. The studies were performed under ambient and EPET conditions. The effects of temperature and pressure on the hydraulics and cuttings transport were investigated. Mechanistic models were developed to predict frictional pressure loss and cuttings transport in horizontal and near-horizontal configurations. Model predictions were compared with the measured data. Predominantly, model predictions show satisfactory agreements with the measured data. As a

  10. Quantum Max-flow/Min-cut

    Cui, Shawn X., E-mail: xingshan@math.ucsb.edu [Department of Mathematics, University of California, Santa Barbara, California 93106 (United States); Quantum Architectures and Computation Group, Microsoft Research, Redmond, Washington 98052 (United States); Freedman, Michael H., E-mail: michaelf@microsoft.com [Department of Mathematics, University of California, Santa Barbara, California 93106 (United States); Microsoft Research, Station Q, University of California, Santa Barbara, California 93106 (United States); Sattath, Or, E-mail: sattath@gmail.com [Computer Science Division, University of California, Berkeley, California 94720 (United States); Stong, Richard, E-mail: stong@ccrwest.org; Minton, Greg, E-mail: gtminto@ccrwest.org [Center for Communications Research, La Jolla, California 92121 (United States)

    2016-06-15

    The classical max-flow min-cut theorem describes transport through certain idealized classical networks. We consider the quantum analog for tensor networks. By associating an integral capacity to each edge and a tensor to each vertex in a flow network, we can also interpret it as a tensor network and, more specifically, as a linear map from the input space to the output space. The quantum max-flow is defined to be the maximal rank of this linear map over all choices of tensors. The quantum min-cut is defined to be the minimum product of the capacities of edges over all cuts of the tensor network. We show that unlike the classical case, the quantum max-flow=min-cut conjecture is not true in general. Under certain conditions, e.g., when the capacity on each edge is some power of a fixed integer, the quantum max-flow is proved to equal the quantum min-cut. However, concrete examples are also provided where the equality does not hold. We also found connections of quantum max-flow/min-cut with entropy of entanglement and the quantum satisfiability problem. We speculate that the phenomena revealed may be of interest both in spin systems in condensed matter and in quantum gravity.

  11. Quantum Max-flow/Min-cut

    Cui, Shawn X.; Freedman, Michael H.; Sattath, Or; Stong, Richard; Minton, Greg

    2016-06-01

    The classical max-flow min-cut theorem describes transport through certain idealized classical networks. We consider the quantum analog for tensor networks. By associating an integral capacity to each edge and a tensor to each vertex in a flow network, we can also interpret it as a tensor network and, more specifically, as a linear map from the input space to the output space. The quantum max-flow is defined to be the maximal rank of this linear map over all choices of tensors. The quantum min-cut is defined to be the minimum product of the capacities of edges over all cuts of the tensor network. We show that unlike the classical case, the quantum max-flow=min-cut conjecture is not true in general. Under certain conditions, e.g., when the capacity on each edge is some power of a fixed integer, the quantum max-flow is proved to equal the quantum min-cut. However, concrete examples are also provided where the equality does not hold. We also found connections of quantum max-flow/min-cut with entropy of entanglement and the quantum satisfiability problem. We speculate that the phenomena revealed may be of interest both in spin systems in condensed matter and in quantum gravity.

  12. Estimating uncertainty of data limited stock assessments

    Kokkalis, Alexandros; Eikeset, Anne Maria; Thygesen, Uffe Høgsbro

    2017-01-01

    -limited. Particular emphasis is put on providing uncertainty estimates of the data-limited assessment. We assess four cod stocks in the North-East Atlantic and compare our estimates of stock status (F/Fmsy) with the official assessments. The estimated stock status of all four cod stocks followed the established stock...

  13. Indirect Revelation Mechanisms for Cake Cutting

    Branzei, Simina; Miltersen, Peter Bro

    We consider discrete protocols for the classical Steinhaus cake cutting problem. Under mild technical conditions, we show that any deterministic strategy-proof protocol in the standard Robertson-Webb query model is dictatorial, that is, there is a fixed agent to which the protocol allocates...

  14. A Dictatorship Theorem for Cake Cutting

    Branzei, Simina; Miltersen, Peter Bro

    2015-01-01

    We consider discrete protocols for the classical Steinhaus cake cutting problem. Under mild technical conditions, we show that any deterministic strategy-proof protocol in the standard Robertson-Webb query model is dictatorial, that is, there is a fixed agent to which the protocol allocates the e...

  15. Optimisation of the Laser Cutting Process

    Dragsted, Birgitte; Olsen, Flemmming Ove

    1996-01-01

    The problem in optimising the laser cutting process is outlined. Basic optimisation criteria and principles for adapting an optimisation method, the simplex method, are presented. The results of implementing a response function in the optimisation are discussed with respect to the quality as well...

  16. Good times end for the solar industry after the cut on reimbursement: A problem of constitutional law?; Das Ende der sonnigen Zeiten fuer die Solarindustrie nach der Kuerzung der Verguetungsansprueche. Ein (verfassungsrechtlicher) Vertrauensbruch?

    Kment, Martin [EBS Univ. fuer Wirtschaft und Recht Wiesbaden (Germany). HEUSSEN-Stiftungslehrstuhl fuer Oeffentliches Recht und Europarecht, Recht der erneuerbaren Energien sowie Umwelt- und Planungsrecht

    2012-04-15

    As long as solar energy was funded by the state, the solar industry experienced a period of booming growth. The German government considered the cost too high and decided on drastic cuts. According to the contribution, the investor's faith in solar funding should be considered, and transition periods in the legal regulations should be decided. (orig.)

  17. Skin Cut Construction

    2017-01-01

    of the exhibition is to create a connection between the artistic and technological development through Danish rms and researchers who represent the newest technology in concrete treatment. The rst part exhibition (skin) will focus on the surface treatment of concrete (’graphical concrete’), the second (cut...

  18. Cutting Cakes Carefully

    Hill, Theodore P.; Morrison, Kent E.

    2010-01-01

    This paper surveys the fascinating mathematics of fair division, and provides a suite of examples using basic ideas from algebra, calculus, and probability which can be used to examine and test new and sometimes complex mathematical theories and claims involving fair division. Conversely, the classical cut-and-choose and moving-knife algorithms…

  19. Classroom Cut Ups

    Lord, Stacy

    2011-01-01

    Discovering identity can be a lifelong challenge for some people, while others seem to figure it out right away. During the middle school years, finding one's identity can be a daunting task. Most students will spend a considerable amount of time during these middle years looking for it. This lesson on cut-paper self-portraits lets students delve…

  20. Abrasive water jet cutting

    Leist, K.J.; Funnell, G.J.

    1988-01-01

    In the process of selecting a failed equipment cut-up tool for the process facility modifications (PFM) project, a system using an abrasive water jet (AWJ) was developed and tested for remote disassembly of failed equipment. It is presented in this paper

  1. After the Ribbon Cutting

    Hodge, Graeme A.; Boulot, Emille; Duffield, Colin

    2017-01-01

    Much attention has gone towards ‘up-front’ processes when delivering infrastructure public–private partnerships (PPPs), but less on how to best govern after the ribbon is cut and the infrastructure built. This paper identifies the primary contractual and institutional governance challenges arising...

  2. Simultaneous Cake Cutting

    Balkanski, Eric; Branzei, Simina; Kurokawa, David

    2014-01-01

    We introduce the simultaneous model for cake cutting (the fair allocation of a divisible good), in which agents simultaneously send messages containing a sketch of their preferences over the cake. We show that this model enables the computation of divisions that satisfy proportionality — a popular...

  3. EVALUATION OF THE MODERN TENDENCIES IN THE UKRAINIAN STOCK MARKET DEVELOPMENT

    Oleksandr Trofimchuk

    2015-11-01

    Full Text Available The purpose of the article is to research and critically evaluate the features of functioning and development the stock market in Ukraine. The main point is to substantiate modern tendencies and to find ways of more efficient development of the Ukrainian stock market. Methodology. The research is based on the analysis of the important aspects which characterize stock market development. They are the volume of trading activity that was done on stock exchanges, level of market capitalization, economic concentration, price policy on market services, and control over the insider information use and manipulation identification. Results. On the basis of volume of trading activity that was done on stock exchanges, features of stock market structure are determined. Comparative analysis between the stock market capitalization level of Ukraine and average world index of stock market capitalization is done. The level and dynamic of economic concentration is defined. Features of competition between Ukrainian stock exchanges are analyzed. Great attention in research is paid to problems of control over the insider information use and principles of manipulation identification by stock exchanges. Value/originality. The research showed that main amount of trading operations was done in “shadow” stock market, capitalization level decreased and stock market in Ukraine does not meet international standards of transparency. Further research should be focused on problems of ensuring the effective implementation of the basic principles of competition between market participants. Main point is to provide law mechanisms to increase transparency level of the national stock market and to increase share of organized stock market in Ukraine.

  4. Cutting costs without drawing blood.

    Copeland, T

    2000-01-01

    When looking for ways to cut costs, most managers reach for the head-count hatchet, and the markets usually roar with approval. But a company can almost always create far more sustainable value by rigorously evaluating the small-ticket capital items that often get rubber-stamped. Drawing on his experience as a consultant and providing numerous anecdotes, the author contends that those "little" requests often prove to be gold plated or unnecessary. A disciplined evaluation involves asking only eight questions and conducting postmortems--regular audits of units' capital spending. But the payoff is enormous. Because cutting the capital budget increases cash flow, the author argues that a permanent cut of just 15% in the planned level of capital spending could boost some companies' market capitalization by as much as 30%. The first three questions--Is this your investment to make? Does it really have to be new? How are our competitors meeting compliance needs?--are asked of operating managers as they assemble capital project requests. The next three are asked by senior managers of themselves and their colleagues as they examine proposals: Is the left hand duplicating investments made by the right? Are trade-offs between profit and capital spending well understood? Are there signs of budget massage? At the end of the review process, senior managers ask: Are we fully using shared assets? How fine-grained are our capacity measures? The author's suggestions for the postmortem include searching for systematic problems with whole classes of expenditures and making sure audit teams come up with specific recommendations for change.

  5. Development of plasma cutting process at observation of environmental requirements

    Czech, J.; Matusiak, J.; Pasek-Siurek, H.

    1997-01-01

    Plasma cutting is one of the basic methods for thermal cutting of metals. It is characterized by high productivity and quality of the cut surface. However, the plasma cutting process is one of the most harmful processes for environment and human health. It results from many agents being a potential environmental risk The large amount of dust and gases emitted during the process as well as an intensive radiation of electric arc and excessive noise are considered as the most harmful hazards. The existing ventilation and filtration systems are not able to solve all problems resulting from the process. Plasma cutting under water is worthy of notice, especially during an advancement of plasma cutting process, because of human safety and environment protection. Such a solution allows to reduce considerably the emission of dust and gases, as well as to decrease the noise level and ultraviolet radiation. An additional advantage of underwater plasma cutting is a reduction in the width of material heating zone and a decrease in strains of elements being cut. However, the productivity of this process is a little lower what results in an increase in cutting cost. In the paper, it has been presented the results of the investigations made at the Institute of Welding in Gliwice on the area of plasma cutting equipment with energy-saving inverter power supplies used in automated processes of underwater plasma cutting as well as the results of testing of welding environment contamination and safety hazards. (author)

  6. The center-cut solution.

    Firnstahl, T W

    1993-01-01

    Timothy Firnstahl owns five successful restaurants in Seattle, but he recently came very close to owning none. In the early 1990s, he found himself, like so many restauranteurs, facing rising costs, inefficient management, and a recession. Confronting financial annihilation, Firnstahl had to act quickly: since he had no peripherals to trim, he cut off the head of his company. Remarkably, it worked. Firnstahl's problem was his new and innovative restaurant, Sharps Fresh Roasting. The heart of the Sharps concept was a unique long-roasting technique that made lean, inexpensive meats taste as juicy and delicious as fattier, expensive cuts. The process also lent itself to faster service and lower labor costs. But it wasn't working. Sharps wasn't breaking even, and his other restaurants couldn't make up the difference. He needed a solution fast. Firnstahl got his answer from Mikhail Gorbachev: slash the centralized command and liberate the company. In doing so, he would also transfer virtually all power and responsibility to his line managers. And after five months of intensive study and planning, he accomplished what he set out to do. He fired most of his corporate staff, empowered his restaurant managers with "100% Power and Responsibility," and, finally, undertook a massive promotion campaign. A year later, Sharps Fresh Roasting is the gold mine Firnstahl always believed it could be. He's done away with bureaucracy and turned business around in a down market. All this because his managers are managing themselves.

  7. Sawtooth forces in cutting tropical hardwoods native to South America

    S. P. Loehnertz; I. V. Cooz

    As a result of design, operation, and maintenance, sawblades used in tropical sawmills can cause many problems. Improvements in these areas are needed to reduce the waste associated with sawing of tropical species that are regarded as difficult to cut. In this study, cutting experiments that simulated bandsawing of tropical hardwoods showed the effect of chip...

  8. Analysis of Economic Factors Affecting Stock Market

    Xie, Linyin

    2010-01-01

    This dissertation concentrates on analysis of economic factors affecting Chinese stock market through examining relationship between stock market index and economic factors. Six economic variables are examined: industrial production, money supply 1, money supply 2, exchange rate, long-term government bond yield and real estate total value. Stock market comprises fixed interest stocks and equities shares. In this dissertation, stock market is restricted to equity market. The stock price in thi...

  9. Essays on Stock Issuance

    Kohl, Niklas

    Firms which issue new equity subsequently have lower returns than other firms, but does the strength of the issuance effect vary in the cross section of firms? The essay shows, that US firms with characteristics that makes them “hard to value” have returns which are strongly related to their past...... issuance activity, while the return of “easy to value” firms are less related to their past issuance activity. In most cases the difference between “hard to value” and “easy to value” firms are signiffcant. As proxies for “hard to value”, I use three different types of firm characteristics. First, I...... consider firms for which relatively little information is available as “hard to value”. Examples are firms covered by few analysts and small firms. Second, I consider firms with high levels of analyst disagreement on stock price target, next quarter earnings per share and share recommendation as “hard...

  10. The Body Stocking

    Petersen, Louise Ravnløkke Munk; Bang, Anne Louise

    2016-01-01

    and clothing. We take as a starting point that longevity has a significant impact on furthering sustainability in textiles and clothing since it can be a driver on many levels, e.g. new business models, decisions made in the design phase and/or changes in use and consumption. The study applies variations...... of the Repertory Grid technique and Wardrobe Studies to frame a tangible dialogue enabling the parents to elaborate on personal preferences of design aesthetics and materials in baby clothing. In the analysis we use the body stocking as a common reference point for learning about reasons for high use frequency....... In addition, it is exemplified how personal taste, preferences for aesthetics and experience of wellbeing may have an impact on high use frequency. Finally, the paper points to further elaboration by suggesting a (tentative) matrix structure to better understand the parameters in designing sustainable...

  11. Online stock trading platform

    Ion LUNGU

    2006-01-01

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

  12. Distribution characteristics of stock market liquidity

    Luo, Jiawen; Chen, Langnan; Liu, Hao

    2013-12-01

    We examine the distribution characteristics of stock market liquidity by employing the generalized additive models for location, scale and shape (GAMLSS) model and three-minute frequency data from Chinese stock markets. We find that the BCPE distribution within the GAMLSS framework fits the distributions of stock market liquidity well with the diagnosis test. We also find that the stock market index exhibits a significant impact on the distributions of stock market liquidity. The stock market liquidity usually exhibits a positive skewness, but a normal distribution at a low level of stock market index and a high-peak and fat-tail shape at a high level of stock market index.

  13. Cutting to the chase

    Snieckus, D.

    2001-01-01

    This article reports on the development of the cost effective abrasive cutting Sabre system which came as a result of UWG's work on the decommissioning of the Phillips' Maureen wells and adds to UWG's 'total severance solution' tools. The advantages of the system are highlighted and include the ability to operate from a platform or diving support vessel, to cut internal cases, and to eliminate the use of environmentally damaging explosives and the need to operate from a rig. The new Mark II version of the Sabre designed to work at greater depths of water, the range of the severance tools, UWG's well abandonment hole assembly system, and its aim to enter the Gulf of Mexico market are discussed. Details are given of the decommissioning of the Schwedeneck-See platforms in Kiel Bay off Germany and the Phillips' UK decommissioning plans for the Maureen platform

  14. ADVANCED CUTTINGS TRANSPORT STUDY

    Ergun Kuru; Stefan Miska; Nicholas Takach; Kaveh Ashenayi; Gerald Kane; Mark Pickell; Len Volk; Mike Volk; Barkim Demirdal; Affonso Lourenco; Evren Ozbayoglu; Paco Vieira; Neelima Godugu

    2000-07-30

    ACTS flow loop is now operational under elevated pressure and temperature. Currently, experiments with synthetic based drilling fluids under pressure and temperature are being conducted. Based on the analysis of Fann 70 data, empirical correlations defining the shear stress as a function of temperature, pressure and the shear rate have been developed for Petrobras synthetic drilling fluids. PVT equipment has been modified for testing Synthetic oil base drilling fluids. PVT tests with Petrobras Synthetic base mud have been conducted and results are being analyzed Foam flow experiments have been conducted and the analysis of the data has been carried out to characterize the rheology of the foam. Comparison of pressure loss prediction from the available foam hydraulic models and the test results has been made. Cuttings transport experiments in horizontal annulus section have been conducted using air, water and cuttings. Currently, cuttings transport tests in inclined test section are being conducted. Foam PVT analysis tests have been conducted. Foam stability experiments have also been conducted. Effects of salt and oil concentration on the foam stability have been investigated. Design of ACTS flow loop modification for foam and aerated mud flow has been completed. A flow loop operation procedure for conducting foam flow experiments under EPET conditions has been prepared Design of the lab-scale flow loop for dynamic foam characterization and cuttings monitoring instrumentation tests has been completed. The construction of the test loop is underway. As part of the technology transport efforts, Advisory Board Meeting with ACTS-JIP industry members has been organized on May 13, 2000.

  15. Cutting Out Continuations

    Bahr, Patrick; Hutton, Graham

    2016-01-01

    In the field of program transformation, one often transforms programs into continuation-passing style to make their flow of control explicit, and then immediately removes the resulting continuations using defunctionalisation to make the programs first-order. In this article, we show how these two...... transformations can be fused together into a single transformation step that cuts out the need to first introduce and then eliminate continuations. Our approach is calculational, uses standard equational reasoning techniques, and is widely applicable....

  16. Cutting forces during turning with variable depth of cut

    M. Sadílek

    2016-03-01

    The proposed research for the paper is an experimental work – measuring cutting forces and monitoring of the tool wear on the cutting edge. It compares the turning where standard roughing cycle is used and the turning where the proposed roughing cycle with variable depth of cut is applied.

  17. ADVANCED CUTTINGS TRANSPORT STUDY

    Ergun Kuru; Stefan Miska; Nicholas Takach; Kaveh Ashenayi; Gerald Kane; Len Volk; Mark Pickell; Evren Ozbayoglu; Barkim Demirdal; Paco Vieira; Affonso Lourenco

    1999-10-15

    This report includes a review of the progress made in ACTF Flow Loop development and research during 90 days pre-award period (May 15-July 14, 1999) and the following three months after the project approval date (July15-October 15, 1999) The report presents information on the following specific subjects; (a) Progress in Advanced Cuttings Transport Facility design and development, (b) Progress report on the research project ''Study of Flow of Synthetic Drilling Fluids Under Elevated Pressure and Temperature Conditions'', (c) Progress report on the research project ''Study of Cuttings Transport with Foam Under LPAT Conditions (Joint Project with TUDRP)'', (d) Progress report on the research project ''Study of Cuttings Transport with Aerated Muds Under LPAT Conditions (Joint Project with TUDRP)'', (e) Progress report on the research project ''Study of Foam Flow Behavior Under EPET Conditions'', (f) Progress report on the instrumentation tasks (Tasks 11 and 12) (g) Activities towards technology transfer and developing contacts with oil and service company members.

  18. Vortex cutting in superconductors

    Vlasko-Vlasov, Vitalii K.; Koshelev, Alexei E.; Glatz, Andreas; Welp, Ulrich; Kwok, Wai-K.

    2015-03-01

    Unlike illusive magnetic field lines in vacuum, magnetic vortices in superconductors are real physical strings, which interact with the sample surface, crystal structure defects, and with each other. We address the complex and poorly understood process of vortex cutting via a comprehensive set of magneto-optic experiments which allow us to visualize vortex patterns at magnetization of a nearly twin-free YBCO crystal by crossing magnetic fields of different orientations. We observe a pronounced anisotropy in the flux dynamics under crossing fields and the filamentation of induced supercurrents associated with the staircase vortex structure expected in layered cuprates, flux cutting effects, and angular vortex instabilities predicted for anisotropic superconductors. At some field angles, we find formation of the vortex domains following a type-I phase transition in the vortex state accompanied by an abrupt change in the vortex orientation. To clarify the vortex cutting scenario we performed time-dependent Ginzburg-Landau simulations, which confirmed formation of sharp vortex fronts observed in the experiment and revealed a left-handed helical instability responsible for the rotation of vortices. This work was supported by the U.S. Department of Energy, Office of Science, Materials Sciences and Engineering Division.

  19. ENVIRONMENTALLY REDUCING OF COOLANTS IN METAL CUTTING

    Veijo KAUPPINEN

    2012-11-01

    Full Text Available Strained environment is a global problem. In metal industries the use of coolant has become more problematic in terms of both employee health and environmental pollution. It is said that the use of coolant forms approximately 8 - 16 % of the total production costs.The traditional methods that use coolants are now obviously becoming obsolete. Hence, it is clear that using a dry cutting system has great implications for resource preservation and waste reduction. For this purpose, a new cooling system is designed for dry cutting. This paper presents the new eco-friendly cooling innovation and the benefits gained by using this method. The new cooling system relies on a unit for ionising ejected air. In order to compare the performance of using this system, cutting experiments were carried out. A series of tests were performed on a horizontal turning machine and on a horizontal machining centre.

  20. Development and verification test on remote plasma cutting of large metallic waste

    Ozawa, Tamotsu; Yamada, Kunitaka; Abe, Tadashi

    1979-01-01

    Plasma cutting is the cutting method to melt and scatter cut objects by generating arc between an electrode in a nozzle and the cut objects and making working gas fed to surround it into high temperature, high speed plasma jet. In case of remote plasma cutting, a torch for the plasma cutting is operated remotely with a manipulator from the outside of a cell. At the time of planning the method of breaking up solid wastes, the type of cutting machines and the method of remote operation of the cutting machines and cut objects were examined. It was decided to adopt plasma cutting machines, because their cutting capability such as materials, thickness and cutting speed is excellent, and the construction and handling are simple. The form of the solid wastes to be cut is not uniform, accordingly the method of manipulator operation was adopted to respond to various forms flexibly. Cut objects are placed on a turntable to change the position successively. In case of remote plasma cutting, the controls of torch speed and gap must be made with a manipulator. The use of light-shielding glasses reduces largely the watchability of cut objects and becomes hindrance in the operation. As for the safety aspect, the suitable gas for cutting, which does not contain hydrogen, must be selected. The tests carried out for two years since November, 1977, are reported in this paper, and most of the problems have been solved. (Kako, I.)

  1. Deforestation and Carbon Stock Loss in Brazil's Amazonian Settlements.

    Yanai, Aurora Miho; Nogueira, Euler Melo; de Alencastro Graça, Paulo Maurício Lima; Fearnside, Philip Martin

    2017-03-01

    We estimate deforestation and the carbon stock in 2740 (82 %) of the 3325 settlements in Brazil's Legal Amazonia region. Estimates are made both using available satellite data and a carbon map for the "pre-modern" period (prior to 1970). We used data from Brazil's Project for Monitoring Deforestation in Amazonia updated through 2013 and from the Brazilian Biomes Deforestation Monitoring Project (PMDBBS) updated through 2010. To obtain the pre-modern and recent carbon stocks we performed an intersection between a carbon map and a map derived from settlement boundaries and deforestation data. Although the settlements analyzed occupied only 8 % of Legal Amazonia, our results indicate that these settlements contributed 17 % (160,410 km 2 ) of total clearing (forest + non-forest) in Legal Amazonia (967,003 km 2 ). This represents a clear-cutting of 41 % of the original vegetation in the settlements. Out of this total, 72 % (115,634 km 2 ) was in the "Federal Settlement Project" (PA) category. Deforestation in settlements represents 20 % (2.6 Pg C) of the total carbon loss in Legal Amazonia (13.1 Pg C). The carbon stock in remaining vegetation represents 3.8 Pg C, or 6 % of the total remaining carbon stock in Legal Amazonia (58.6 Pg C) in the periods analyzed. The carbon reductions in settlements are caused both by the settlers and by external actors. Our findings suggest that agrarian reform policies contributed directly to carbon loss. Thus, the implementation of new settlements should consider potential carbon stock losses, especially if settlements are created in areas with high carbon stocks.

  2. Parallel Prediction of Stock Volatility

    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.

  3. Remote Laser Cutting of CFRP: Improvements in the Cut Surface

    Stock, Johannes; Zaeh, Michael F.; Conrad, Markus

    In the automotive industry carbon fibre reinforced plastics (CFRP) are considered as a future key material to reduce the weight of the vehicle. Therefore, capable production techniques are required to process this material in mass industry. E.g., state of the art methods for cutting are limited by the high tool wear or the feasible feed rate. Laser cutting processes are still under investigation. This paper presents detailed new studies on remote laser cutting of CFRP focusing on the influence of the material properties and the quality of the cut surface. By adding light absorbing soot particles to the resin of the matrix, the cutting process is improved and fewer defects emerge.

  4. Spectral segmentation of polygonized images with normalized cuts

    Matsekh, Anna [Los Alamos National Laboratory; Skurikhin, Alexei [Los Alamos National Laboratory; Rosten, Edward [UNIV OF CAMBRIDGE

    2009-01-01

    We analyze numerical behavior of the eigenvectors corresponding to the lowest eigenvalues of the generalized graph Laplacians arising in the Normalized Cuts formulations of the image segmentation problem on coarse polygonal grids.

  5. Do More Economists Hold Stocks?

    Christiansen, Charlotte; Joensen, Juanna Schröter; Rangvid, Jesper

    A unique data set enables us to test the hypothesis that more economists than otherwise identical investors hold stocks due to informational advantages. We confirm that economists have a significantly higher probability of participating in the stock market than investors with any other education......, even when controlling for several background characteristics. We make use of a large register-based panel data set containing detailed information on the educational attainments and various financial and socioeconomic variables. We model the stock market participation decision by the probit model...

  6. Cutting agents for special metals

    Sugito, Seiji; Sakakibara, Fumi

    1979-01-01

    The quantity of use of special metals has increased year after year in the Plasma Research Institute, Nagoya University, with the development of researches on plasma and nuclear fusion. Most of these special metals are hard to cut, and in order to secure the surface smoothness and dimensional accuracy, considerable efforts are required. The method of experiment is as follows: cutting agents salt water and acetone, rape-seed oil, sulfide and chloride oil and water soluble cutting oil W grade 3; metals to be cut niobium, molybdenum, tantalum, titanium and tungsten; cutting conditions cutting speed 4.7 to 90 m/min, feed 0.07 to 0.2 mm/rev, depth of cut 0.1 to 0.4 mm, tool cemented carbide bit. Chemicals such as tetrachloromethane and trichloroethane give excellent cutting performance, but the toxicity is intense and the stimulative odor exists, accordingly they are hard to use practically. Cutting was easier when the salt water added with acetone was used than the case of rape-seed oil, but salt water is corrosive. Recently, the machining of molybdenum has been often carried out, and the water soluble cutting oil was the best. It is also good for cutting stainless steel, and its lubricating property is improved by adding some additives such as sulfur, chlorine, phosphorus and molybdenum disulfide. However after cutting with it, washing is required. (Kako, I.)

  7. Multinational Corporations and Stock Price Crash Risk

    Anthony May

    2016-10-01

    Full Text Available A nascent literature in finance and accounting on tail risk in individual stock returns concludes that bad news hoarding by corporate managers engenders sudden, extreme crashes in a firm’s stock price when the bad news is eventually made public. This literature finds that firm-specific crash risk is higher among firms with more severe asymmetric information and agency problems. A hitherto disjointed literature spanning the fields of international business, finance, and accounting suggests that geographic dispersion in a firm’s operations, and especially dispersion across different countries, gives rise to organizational complexities and greater costs of monitoring that can exacerbate asymmetric information and agency problems. Motivated by the confluence of arguments and findings from these two strands of literature, this paper examines whether stock price crash risk is higher among multinational firms than domestic firms. Using a large sample of U.S. headquartered firms during 1987-2011, we find robust evidence that multinational firms are significantly more likely to crash than domestic firms. Moreover, we show that the difference in crash risk between multinational and domestic firms is most acute among firms with weaker corporate governance mechanisms, including weaker shareholder rights, less independent boards, and less stable institutional ownership. Our analysis indicates that stronger monitoring from each of these three governance mechanisms significantly attenuates the positive relation between crash risk and multinationality. Our findings are robust to the use of alternative measures of crash risk and to controlling for known determinants of crash risk identified in prior studies. Our study offers new insights that should hold value for scholars and market participants interested in understanding the implications of heighted agency problems that multinational firms are likely to encounter and scholars and market participants

  8. Regeneration in mixed conifer shelterwood cuttings in the Cascade Range of eastern Oregon.

    K.W. Seidel

    1979-01-01

    A survey of shelterwood cuttings in mixed conifer forests in the eastern Oregon Cascade Range showed that, on the average, shelterwood units were well stocked with a mixture of advance, natural subsequent, and planted reproduction of a number of species. Because of slow invasion by understory vegetation, frequent heavy seed crops, and adequate density of the overstory...

  9. Modeling and simulating two cut-to-length harvesting systems in central Appalachian hardwoods

    Jingxin Wang; Chris B. LeDoux; Yaoxiang Li

    2003-01-01

    The production rates and costs of two cut-to-length harvesting systems was simulated using a modular ground-based simulation model and stand yield data from fully stocked, second growth even aged central Appalachian hardwood forests. The two harvesters simulated were a modified John Deere 988 tracked excavator with a model RP 1600 single grip sawhead and an excavator...

  10. Selective cutting, rehabilitation, and alternatives for forests of northeastern North America and elsewhere

    Laura S. Kenefic

    2014-01-01

    In the 1928 Journal of Forestry, Marinus Westveld commented that logging in the Northeast dating to the mid-1800s had been selective cutting that removed desirable species of large sizes. Later, commercial clearcuts removed progressively smaller trees of merchantable quality and desirable species. Indiscriminate logging damaged young growing stock...

  11. Negatively correlated local and global stock externalities: tax or subsidy?

    Zili Yang

    2006-01-01

    Fossil fuel combustion generates both CO 2 and SO 2 . CO 2 is the most important greenhouse gas; SO 2 can cause serious local pollution. But it can alleviate the potential global warming because of negative radiative forcing. Such a phenomenon can be characterized as negatively correlated local and global stock externalities. In this paper, we set up an optimal control problem of negatively correlated local and global stock externality provision. The efficiency conditions for this problem are derived. These conditions modify the Samuelson rules for optimal provision of externalities. In addition, we examine several policy related scenarios of negatively correlated local and global stock externality provisions. Finally, we discuss policy implications and limitation of the theoretical results derived in this paper. We also indicate applications of the theoretical results here to empirical research, particularly to economic analysis of multiple-gas issues in climate change. (Author)

  12. Stock-car racing makes intuitive physicists

    Gwynne, Peter

    2008-03-01

    Formula One races involve cars festooned with gadgets and complex electronic devices, in which millions of dollars are spent refining a vehicle's aerodynamics and reducing its weight. But in events run by America's National Association of Stock Car Auto Racing (NASCAR), cars hurtle round an oval track at speeds of about 300 km h-1 without the help of the complex sensors that are employed in Formula One cars. To avoid crashing, drivers must make their own adjustments to track conditions, engine problems and the traffic around them.

  13. Recovering a time-homogeneous stock price process from perpetual option prices

    Ekström, Erik; Hobson, David

    2009-01-01

    It is well known how to determine the price of perpetual American options if the underlying stock price is a time-homogeneous diffusion. In the present paper we consider the inverse problem, that is, given prices of perpetual American options for different strikes, we show how to construct a time-homogeneous stock price model which reproduces the given option prices.

  14. OPTIMAL STOCK MODELING FOR NON-FOODS RETAILER SELLING ON-CREDIT

    Vladimir V. Manakhov

    2016-01-01

    Full Text Available The article is dedicated to the problem of retail stock optimization within mo-nopolistic competition market while selling non-food goods to customers on-credit. Optimization model has been developed and appropriate technique of stock volume planning has been introduced

  15. Setting safety stocks in multi-stage inventory systems under rolling horizon mathematical programming models

    Boulaksil, Y.; Fransoo, J.C.; van Halm, E.N.G.

    2009-01-01

    This paper considers the problem of determining safety stocks in multi-item multi-stage inventory systems that face demand uncertainties. Safety stocks are necessary to make the supply chain, which is driven by forecasts of customer orders, responsive to (demand) uncertainties and to achieve

  16. A PRELIMINARY STUDY ON SAFETY STOCK PLACEMENT IN CAPACITATED SUPPLY CHAINS

    Sitompul, Carles; Aghezzaf, El Houssaine; Chen, Huan; Dullaert, Wout; Dolgui, A.; Morel, G.; Pereira, C.E.

    2006-01-01

    Abstract The issue of safety stock placement is one of the challenging problems in the area of supply chain design. Safety stocks play a significant role in supply chains since they assure the service level and the smoothness of the flow of materials throughout the chain. Some special models of the

  17. ADVANCED CUTTINGS TRANSPORT STUDY

    Stefan Miska; Nicholas Takach; Kaveh Ashenayi

    2004-07-31

    We have tested the loop elevation system. We raised the mast to approximately 25 to 30 degrees from horizontal. All went well. However, while lowering the mast, it moved laterally a couple of degrees. Upon visual inspection, severe spalling of the concrete on the face of the support pillar, and deformation of the steel support structure was observed. At this time, the facility is ready for testing in the horizontal position. A new air compressor has been received and set in place for the ACTS test loop. A new laboratory has been built near the ACTS test loop Roughened cups and rotors for the viscometer (RS300) were obtained. Rheologies of aqueous foams were measured using three different cup-rotor assemblies that have different surface roughness. The relationship between surface roughness and foam rheology was investigated. Re-calibration of nuclear densitometers has been finished. The re-calibration was also performed with 1% surfactant foam. A new cuttings injection system was installed at the bottom of the injection tower. It replaced the previous injection auger. A mechanistic model for cuttings transport with aerated mud has been developed. Cuttings transport mechanisms with aerated water at various conditions were experimentally investigated. A total of 39 tests were performed. Comparisons between the model predictions and experimental measurements show a satisfactory agreement. Results from the ultrasonic monitoring system indicated that we could distinguish between different sand levels. We also have devised ways to achieve consistency of performance by securing the sensors in the caps in exactly the same manner as long as the sensors are not removed from the caps. A preliminary test was conducted on the main flow loop at 100 gpm flow rate and 20 lb/min cuttings injection rate. The measured bed thickness using the ultrasonic method showed a satisfactory agreement with nuclear densitometer readings. Thirty different data points were collected after the test

  18. Cutting the Cord-2

    2004-01-01

    This animation shows the view from the rear hazard avoidance cameras on the Mars Exploration Rover Spirit as the rover turns 45 degrees clockwise. This maneuver is the first step in a 3-point turn that will rotate the rover 115 degrees to face west. The rover must make this turn before rolling off the lander because airbags are blocking it from exiting from the front lander petal. Before this crucial turn took place, engineers instructed the rover to cut the final cord linking it to the lander. The turn took around 30 minutes to complete.

  19. Cutting the Cord

    2004-01-01

    This animation shows the view from the front hazard avoidance cameras on the Mars Exploration Rover Spirit as the rover turns 45 degrees clockwise. This maneuver is the first step in a 3-point turn that will rotate the rover 115 degrees to face west. The rover must make this turn before rolling off the lander because airbags are blocking it from exiting off the front lander petal. Before this crucial turn could take place, engineers instructed the rover to cut the final cord linking it to the lander. The turn took around 30 minutes to complete.

  20. ---Stock Market Devpt in Ethiopia

    Jetu_E_Ch

    The term stock can be defined as “the capital or principal fund raised by a corporation .... 20 Tiruneh Legesse (2012), “Establishing Financial Markets in Ethiopia: the .... improve accounting and auditing standards, provide effective tools for.

  1. Based on BP Neural Network Stock Prediction

    Liu, Xiangwei; Ma, Xin

    2012-01-01

    The stock market has a high profit and high risk features, on the stock market analysis and prediction research has been paid attention to by people. Stock price trend is a complex nonlinear function, so the price has certain predictability. This article mainly with improved BP neural network (BPNN) to set up the stock market prediction model, and…

  2. SUPPLY AND DEMAND ON THE RUSSIAN STOCK MARKET: A SOCIOECONOMIC ANALYSIS

    Podgornyy Boris Borisovich

    2013-03-01

    Full Text Available The stock market in advanced economies allows people to participate in the economic development by investing their savings in equities of leading and emerging industries. It solves a number of economic and social problems. There is less than 1% of the population takes part in investing in shares and other securities In Russia. The structure of Russian commercial organizations, the supply and demand of the Russian stock market are analyzes in the paper. Also the results of original sociological research explains the meaning of the factors wich are limiting the population to investing in the stock market instruments. And there are some measures proposed for the further development of the Russian stock market. The results of the research have both theoretical and practical significance. That can be used in the development of national and regional activities aimed at the development of the Stock Market and attracting the Russian population to invest the Stock Market instruments.

  3. Case study to identify the causes of stock-out of a textile retailer

    Fernando Henrique Aguiar

    2014-05-01

    Full Text Available One of the main problems faced by large retailers is related to the lack of supply in display racks, the so called stock-out points. Studies have been made since the sixties, which show that progress related to this subject is limited. Stock-out levels are around 8.3%. Furthermore, literature on the subject is insufficient, as very few studies have been dedicated to investigating the causes of stock-out. The present study aims to collect stock-out data from a large textile retailer for a product category and elaborate a tree of stock-out causes. Qualitative and quantitative methods were used in this research, through software and interviews, in order to generate and refine our results. From this approach, it was possible to identify that 38% of the causes of stock-outs are within the store, that is, the product is not available in the sales area, but in the back end.

  4. Persistent collective trend in stock markets

    Balogh, Emeric; Simonsen, Ingve; Nagy, Bálint Zs.; Néda, Zoltán

    2010-12-01

    Empirical evidence is given for a significant difference in the collective trend of the share prices during the stock index rising and falling periods. Data on the Dow Jones Industrial Average and its stock components are studied between 1991 and 2008. Pearson-type correlations are computed between the stocks and averaged over stock pairs and time. The results indicate a general trend: whenever the stock index is falling the stock prices are changing in a more correlated manner than in case the stock index is ascending. A thorough statistical analysis of the data shows that the observed difference is significant, suggesting a constant fear factor among stockholders.

  5. Leptogenesis: The other cuts

    Garbrecht, Bjoern

    2011-01-01

    For standard leptogenesis from the decay of singlet right-handed neutrinos, we derive source terms for the lepton asymmetry that are present in a finite density background but absent in the vacuum. These arise from cuts through the vertex correction to the decay asymmetry, where in the loop either the Higgs boson and the right-handed neutrino or the left-handed lepton and the right-handed neutrino are simultaneously on-shell. We evaluate the source terms numerically and use them to calculate the lepton asymmetry for illustrative points in parameter space, where we consider only two right-handed neutrinos for simplicity. Compared to calculations where only the standard cut through the propagators of left-handed lepton and Higgs boson is included, sizable corrections arise when the masses of the right-handed neutrinos are of the same order, but the new sources are found to be most relevant when the decaying right-handed neutrino is heavier than the one in the loop. In that situation, they can yield the dominant contribution to the lepton asymmetry.

  6. CO2 laser cutting

    Powell, John

    1998-01-01

    The laser has given manufacturing industry a new tool. When the laser beam is focused it can generate one of the world's most intense energy sources, more intense than flames and arcs, though similar to an electron beam. In fact the intensity is such that it can vaporise most known materials. The laser material processing industry has been growing swiftly as the quality, speed and new manufacturing possibilities become better understood. In the fore of these new technologies is the process of laser cutting. Laser cutting leads because it is a direct process substitu­ tion and the laser can usually do the job with greater flexibility, speed and quality than its competitors. However, to achieve these high speeds with high quality con­ siderable know how and experience is required. This information is usually carefully guarded by the businesses concerned and has to be gained by hard experience and technical understanding. Yet in this book John Powell explains in lucid and almost non­ technical language many o...

  7. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    Irshad Hira

    2017-08-01

    Full Text Available This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  8. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    Irshad Hira

    2017-01-01

    This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  9. Regeneration in United States Department of Agriculture Forest Service mixed conifer partial cuttings in the Blue Mountains of Oregon and Washington.

    K.W. Seidel; S. Conrade. Head

    1983-01-01

    A survey in the Blue Mountains of north-eastern Oregon and southeastern Washington showed that, on the average, partial cuts in the grand fir/big huckleberry community were well stocked with a mixture of advance, natural post-harvest, and planted reproduction of a number of species. Partial cuts in the mixed conifer/pinegrass community had considerably fewer seedlings...

  10. Forest Carbon Stocks in Woody Plants of Mount Zequalla Monastery ...

    Carbon sequestration through forestry has the potential to play a significant role in ameliorating global environmental problems such as atmospheric accumulation of GHG's and climate change.The present study was undertaken to estimate forest carbon stock along altitudinal gradient in Mount Zequalla Monastery forest.

  11. The Cutting Process, Chips and Cutting Forces in Machining CFRP

    Koplev, A.; Lystrup, Aage; Vorm, T.

    1983-01-01

    The cutting of unidirectional CFRP, perpendicular as well as parallel to the fibre orientation, is examined. Shaping experiments, ‘quick-stop’ experiments, and a new chip preparation technique are used for the investigation. The formation of the chips, and the quality of the machined surface...... is discussed. The cutting forces parallel and perpendicular to the cutting direction are measured for various parameters, and the results correlated to the formation of chips and the wear of the tool....

  12. Aerodynamic Interactions During Laser Cutting

    Fieret, J.; Terry, M. J.; Ward, B. A.

    1986-11-01

    Most laser cutting systems utilise a gas jet to remove molten or vaporised material from the kerf. The speed, economy and quality of the cut can be strongly dependent on the aerodynamic conditions created by the nozzle, workpiece proximity and kerf shape. Adverse conditions can be established that may lead to an unwelcome lack of reproducibility of cut quality. Relatively low gas nozzle pressures can result in supersonic flow in the jet with its associated shock fronts. When the nozzle is placed at conventional distances (1-2mm) above the workpiece, the force exerted by the gas on the workpiece and the cut products (the cutting pressure) can be significantly less than the nozzle pressure. Higher cutting pressures can be achieved by increasing the height of the nozzle above the workpiece, to a more damage resistant zone, provided that the shock structure of the jet is taken into account. Conventional conical nozzles with circular exits can be operated with conditions that will result in cutting pressures up to 3 Bar (g) in the more distant zone. At higher pressures in circular tipped nozzles the cutting pressure in this zone decays to inadequate levels. Investigations of a large number of non-circular nozzle tip shapes have resulted in the selection of a few specific shapes that can provide cutting pressures in excess of 6 Bar(g) at distances of 4 to 7mm from the nozzle tip. Since there is a strong correlation between cutting pressure and the speed and quality of laser cutting, the paper describes the aerodynamic requirements for achieving the above effects and reports the cutting results arising from the different nozzle designs and conditions. The results of the work of other investigators, who report anomalous laser cutting results, will be examined and reviewed in the light of the above work.

  13. MULTI-OBJECTIVE OPTIMISATION OF LASER CUTTING USING CUCKOO SEARCH ALGORITHM

    M. MADIĆ

    2015-03-01

    Full Text Available Determining of optimal laser cutting conditions for improving cut quality characteristics is of great importance in process planning. This paper presents multi-objective optimisation of the CO2 laser cutting process considering three cut quality characteristics such as surface roughness, heat affected zone (HAZ and kerf width. It combines an experimental design by using Taguchi’s method, modelling the relationships between the laser cutting factors (laser power, cutting speed, assist gas pressure and focus position and cut quality characteristics by artificial neural networks (ANNs, formulation of the multiobjective optimisation problem using weighting sum method, and solving it by the novel meta-heuristic cuckoo search algorithm (CSA. The objective is to obtain optimal cutting conditions dependent on the importance order of the cut quality characteristics for each of four different case studies presented in this paper. The case studies considered in this study are: minimisation of cut quality characteristics with equal priority, minimisation of cut quality characteristics with priority given to surface roughness, minimisation of cut quality characteristics with priority given to HAZ, and minimisation of cut quality characteristics with priority given to kerf width. The results indicate that the applied CSA for solving the multi-objective optimisation problem is effective, and that the proposed approach can be used for selecting the optimal laser cutting factors for specific production requirements.

  14. A new separation algorithm for the Boolean quadric and cut polytopes

    Sørensen, Michael Malmros; Letchford, Adam N.

    2014-01-01

    A separation algorithm is a procedure for generating cutting planes. Up to now, only a few polynomial-time separation algorithms were known for the Boolean quadric and cut polytopes. These polytopes arise in connection with zero–one quadratic programming and the max-cut problem, respectively. We...

  15. A DEEP CUT ELLIPSOID ALGORITHM FOR CONVEX-PROGRAMMING - THEORY AND APPLICATIONS

    FRENK, JBG; GROMICHO, J; ZHANG, S

    1994-01-01

    This paper proposes a deep cut version of the ellipsoid algorithm for solving a general class of continuous convex programming problems. In each step the algorithm does not require more computational effort to construct these deep cuts than its corresponding central cut version. Rules that prevent

  16. Management of complications associated with lathe-cut soft contact lenses.

    Freeman, M I

    1979-06-01

    At the present time, nine lathe-cut lenses are FDA approved and commercially available in the United States. Complications of lathe-cut soft contact lenses cover a wide spectrum of problems. Five significant complications of lathe-cut lenses and their prevention and therapeutic management are discussed.

  17. A Deep Cut Ellipsoid Algorithm for convex Programming: theory and Applications

    Frenk, J.B.G.; Gromicho Dos Santos, J.A.; Zhang, S.

    1994-01-01

    This paper proposes a deep cut version of the ellipsoid algorithm for solving a general class of continuous convex programming problems. In each step the algorithm does not require more computational effort to construct these deep cuts than its corresponding central cut version. Rules that prevent

  18. A deep cut ellipsoid algorithm for convex programming : Theory and applications

    J.B.G. Frenk (Hans); J.A.S. Gromicho (Joaquim); S. Zhang (Shuzhong)

    1994-01-01

    textabstractThis paper proposes a deep cut version of the ellipsoid algorithm for solving a general class of continuous convex programming problems. In each step the algorithm does not require more computational effort to construct these deep cuts than its corresponding central cut version. Rules

  19. ADVANCED CUTTINGS TRANSPORT STUDY

    Stefan Miska; Nicholas Takach; Kaveh Ashenayi

    2004-01-31

    Final design of the mast was completed (Task 5). The mast is consisting of two welded plate girders, set next to each other, and spaced 14-inches apart. Fabrication of the boom will be completed in two parts solely for ease of transportation. The end pivot connection will be made through a single 2-inch diameter x 4 feet-8 inch long 316 SS bar. During installation, hard piping make-ups using Chiksan joints will connect the annular section and 4-inch return line to allow full movement of the mast from horizontal to vertical. Additionally, flexible hoses and piping will be installed to isolate both towers from piping loads and allow recycling operations respectively. Calibration of the prototype Foam Generator Cell has been completed and experiments are now being conducted. We were able to generate up to 95% quality foam. Work is currently underway to attach the Thermo-Haake RS300 viscometer and install a view port with a microscope to measure foam bubble size and bubble size distribution. Foam rheology tests (Task 13) were carried out to evaluate the rheological properties of the proposed foam formulation. After successful completion of the first foam test, two sets of rheological tests were conducted at different foam flow rates while keeping other parameters constant (100 psig, 70F, 80% quality). The results from these tests are generally in agreement with the previous foam tests done previously during Task 9. However, an unanticipated observation during these tests was that in both cases, the frictional pressure drop in 2 inch pipe was lower than that in the 3 inch and 4 inch pipes. We also conducted the first foam cuttings transport test during this quarter. Experiments on aerated fluids without cuttings have been completed in ACTF (Task 10). Gas and liquid were injected at different flow rates. Two different sets of experiments were carried out, where the only difference was the temperature. Another set of tests was performed, which covered a wide range of

  20. Skin Cut Construction

    2017-01-01

    projects - among others - from ARC are included: Soft Structures builds upon of a series of experimental use of EPS hot wire cutting, where the EPS eventually act as formwork for concrete casting. The processing of the EPS is distinct and delimited by the behaviour and form of both the robot and tool...... of steel and concrete makes it a reliable approach to many challenges in the realisation of buildings. Rebar Inside Out attempts to rethink the possibilities of the reinforced concrete composite starting from its inside. This means starting with the reinforcing steel, the production and shaping of this......, and then through that process build a workflow for the production of the concrete composite. It also means letting the steel out of the concrete, thereby positioning the two materials in a transnational relationship between steel construction and concrete composite....

  1. Cut and Column Generation

    Spoorendonk, Simon

    Denne afhandling omhandler Dantzig-Wolfe dekomponering af heltalsproblemer med specielt henblik på at tilføje snit i det dekomponerede problem. Dantzig-Wolfe dekomponering benyttes ofte på heltalsproblemer (de originale problemer) med strukturelle egenskaber, der gør, at de med fordel kan opdeles...

  2. Stock Control in Automotive Industry with Simulation Utilization

    Petra Vegnerová

    2008-12-01

    Full Text Available At this time in economic environment there is the big trend of coming logistical chain, supply chain and supply chain management (SCM. SCM deals with material and information flows control, inventory management, demand forecast, production plan optimalization, distribution management etc. Nowadays for effective purchase, production and distribution plan and control in companies are utilized the simulation and simulation programmes. This paper deals with the simulation programme Witness and its utilization for finding of results real problems – simulation utilization for stocks solution in automotive industry. The model can be used for the determination of new delivery system of materials and for stocks reduction.

  3. Semantic Versus Syntactic Cutting Planes

    Filmus, Yuval; Hrubeš, Pavel; Lauria, Massimo

    2016-01-01

    In this paper, we compare the strength of the semantic and syntactic version of the cutting planes proof system. First, we show that the lower bound technique of Pudlák applies also to semantic cutting planes: the proof system has feasible interpolation via monotone real circuits, which gives an exponential lower bound on lengths of semantic cutting planes refutations. Second, we show that semantic refutations are stronger than syntactic ones. In particular, we give a formula for whic...

  4. Laser Cutting of Different Materials

    Kadir ÇAVDAR

    2013-08-01

    Full Text Available In this paper; in general potential developments and trends of a particular machining field by extensively evaluating present studies of laser beam machining have been discussed. As it is indicated below, technical literatures have been subsumed under five major headlines: Experimental studies, reviews, optimization researches of the cutting parameters, theoretical modelling studies of laser beam cutting and academic studies relating to laser cutting

  5. Metal Cutting for Large Component Removal

    Hulick, Robert M.

    2008-01-01

    been employed for cutting the reactor nozzles at San Onofre Unit 1 and at Connecticut Yankee. These carbon steel nozzles ranged up to 54 inch diameter with a 15 inch thick wall and an interior stainless cladding. Diamond wire sawing using traditional water cooling has been used to segment the reactor head at Rancho Seco and for cutting reactor nozzles and control rod drive tubes at Dairyland Power's Lacrosse BWR project. Advantages: - ALARA: All cutting is preformed remotely significantly reducing dose. Stringing of wires is accomplished using long handle tools. - Secondary waste is reduced to just the volume of material cut with the diamond wire. - The potential for airborne contamination is eliminated. Due to the flexibility of the wire, any access restrictions and interferences can be accommodated using pulleys and long handle tools. - The operation is quiet. Disadvantages: - With Liquid Carbon Dioxide cooling and cleaning, delivery of the material must be carefully planned. The longer the distance from the source to the cut area, the greater the chance for pressure drop and subsequent problems with line freezing. - Proper shrouding and ventilation are required for environmental reasons. In each case, the metal structures were cut at a precise location. Radiation dose was reduced significantly by operating the equipment from a remote location. The cuts were very smooth and completed on schedule. Each project must be analyzed individually and take into account many factors including access, radiological conditions, environmental conditions, schedule requirements, packaging requirements and size of cuts

  6. Integrated cropping systems : an answer to environmental regulations imposed on nursery stock in the Netherlands

    Pronk, A.A.; Challa, H.

    2000-01-01

    Government regulations in the Netherlands are increasingly constraining and sometimes even banning conventional cultivation practices in nursery stock cropping systems. As a consequence, growers face problems concerning the use of manure, fertilisers and irrigation. In this study we analysed the

  7. Generation Mechanism of Work Hardened Surface Layer in Metal Cutting

    Hikiji, Rikio; Kondo, Eiji; Kawagoishi, Norio; Arai, Minoru

    Finish machining used to be carried out in grinding, but it is being replaced by cutting with very small undeformed chip thickness. In ultra precision process, the effects of the cutting conditions and the complicated factors on the machined surface integrity are the serious problems. In this research, work hardened surface layer was dealt with as an evaluation of the machined surface integrity and the effect of the mechanical factors on work hardening was investigated experimentally in orthogonal cutting. As a result, it was found that work hardened surface layer was affected not only by the shear angle varied under the cutting conditions and the thrust force of cutting resistance, but also by the thrust force acting point, the coefficient of the thrust force and the compressive stress equivalent to the bulk hardness. Furthermore, these mechanical factors acting on the depth of the work hardened surface layer were investigated with the calculation model.

  8. Methods for Optimisation of the Laser Cutting Process

    Dragsted, Birgitte

    This thesis deals with the adaptation and implementation of various optimisation methods, in the field of experimental design, for the laser cutting process. The problem in optimising the laser cutting process has been defined and a structure for at Decision Support System (DSS......) for the optimisation of the laser cutting process has been suggested. The DSS consists of a database with the currently used and old parameter settings. Also one of the optimisation methods has been implemented in the DSS in order to facilitate the optimisation procedure for the laser operator. The Simplex Method has...... been adapted in two versions. A qualitative one, that by comparing the laser cut items optimise the process and a quantitative one that uses a weighted quality response in order to achieve a satisfactory quality and after that maximises the cutting speed thus increasing the productivity of the process...

  9. Effects of land use on soil inorganic carbon stocks in the Russian Chernozem.

    Mikhailova, Elena A; Post, Christopher J

    2006-01-01

    Little is known about changes in soil inorganic carbon (SIC) stocks with depth and with land use in grassland ecosystems. This study was conducted to determine SIC stocks under different management regimes in the Mollisol, one of the typical soils in grasslands. Four sites were sampled: a native grassland field (not cultivated for at least 300 yr), an adjacent 50-yr continuous fallow field, a yearly cut hay field in the V.V. Alekhin Central-Chernozem Biosphere State Reserve in the Kursk region of Russia, and a continuously cropped field in the Experimental Station of the Kursk Institute of Agronomy and Soil Erosion Control. All sampled soils were classified as fine-silty, mixed, frigid Pachic Hapludolls. Significant differences occurred in SIC stocks between cultivated and grassland soil. The inorganic carbon stocks in the top 2 m were 107 Mg ha(-1) for the native grassland, 91 Mg ha(-1) for the yearly cut hay field, 242 Mg ha(-1) for the continuously cropped field, and 196 Mg ha(-1) for the 50-yr continuous fallow. The SIC was in the form of calcium carbonate and was mostly stored below the 1-m depth. The largest difference between inorganic carbon stocks was observed between the continuously cropped field and native grassland. The increase in inorganic carbon in the continuously cropped field and continuous fallow was attributed to initial cultivation and fertilization. Soil inorganic carbon in Mollisols is not accounted for in the current global carbon estimates.

  10. Price Earnings Ratio and Stock Return Analysis (Evidence from Liquidity 45 Stocks Listed in Indonesia Stock Exchange

    Liem Pei Fun

    2012-01-01

    Full Text Available Price to Earnings Ratio (PE Ratio has been broadly used by analysts and investors for stock selection. Stocks with low PE ratio are perceived as having cheaper current price hence expected to generate higher return in subsequent period. This paper aims to examine predictability of stock return using PE Ratio based on historical relationship between PE Ratio and subsequent stock return. Particularly, it seeks to find whether stocks with high PE Ratio followed by low stocks return and on the contrary, stocks with low PE Ratio followed by high stocks return. Using stocks which are included as member of Liquidity 45 and observation period 2005-2010 as samples, results show that there is significance difference between low PE and high PE portfolio stock return in short term (holding period of 6 months but there is no significance difference between both portfolio stock return if they are hold for one, two, three, and four years. This research also finds that there is no significant relationship between stock return and (trailing PE Ratio which suggests that (trailing PE Ratio is not useful in estimating both short term and long term stock returns

  11. Do Earthquakes Shake Stock Markets?

    Ferreira, Susana; Karali, Berna

    2015-01-01

    This paper examines how major earthquakes affected the returns and volatility of aggregate stock market indices in thirty-five financial markets over the last twenty years. Results show that global financial markets are resilient to shocks caused by earthquakes even if these are domestic. Our analysis reveals that, in a few instances, some macroeconomic variables and earthquake characteristics (gross domestic product per capita, trade openness, bilateral trade flows, earthquake magnitude, a tsunami indicator, distance to the epicenter, and number of fatalities) mediate the impact of earthquakes on stock market returns, resulting in a zero net effect. However, the influence of these variables is market-specific, indicating no systematic pattern across global capital markets. Results also demonstrate that stock market volatility is unaffected by earthquakes, except for Japan.

  12. Statistical Control Charts: Performances of Short Term Stock Trading in Croatia

    Dumičić Ksenija

    2015-03-01

    Full Text Available Background: The stock exchange, as a regulated financial market, in modern economies reflects their economic development level. The stock market indicates the mood of investors in the development of a country and is an important ingredient for growth. Objectives: This paper aims to introduce an additional statistical tool used to support the decision-making process in stock trading, and it investigate the usage of statistical process control (SPC methods into the stock trading process. Methods/Approach: The individual (I, exponentially weighted moving average (EWMA and cumulative sum (CUSUM control charts were used for gaining trade signals. The open and the average prices of CROBEX10 index stocks on the Zagreb Stock Exchange were used in the analysis. The statistical control charts capabilities for stock trading in the short-run were analysed. Results: The statistical control chart analysis pointed out too many signals to buy or sell stocks. Most of them are considered as false alarms. So, the statistical control charts showed to be not so much useful in stock trading or in a portfolio analysis. Conclusions: The presence of non-normality and autocorellation has great impact on statistical control charts performances. It is assumed that if these two problems are solved, the use of statistical control charts in a portfolio analysis could be greatly improved.

  13. Stock price prediction using geometric Brownian motion

    Farida Agustini, W.; Restu Affianti, Ika; Putri, Endah RM

    2018-03-01

    Geometric Brownian motion is a mathematical model for predicting the future price of stock. The phase that done before stock price prediction is determine stock expected price formulation and determine the confidence level of 95%. On stock price prediction using geometric Brownian Motion model, the algorithm starts from calculating the value of return, followed by estimating value of volatility and drift, obtain the stock price forecast, calculating the forecast MAPE, calculating the stock expected price and calculating the confidence level of 95%. Based on the research, the output analysis shows that geometric Brownian motion model is the prediction technique with high rate of accuracy. It is proven with forecast MAPE value ≤ 20%.

  14. Process time optimization of robotic remote laser cutting by utilizing customized beam patterns and redundancy space task sequencing

    Villumsen, Sigurd

    This dissertation is written as a part of the ROBOCUT project which concerns the development of a new laser cutting technology that seeks to increase the performance of traditional and remote laser cutting by using beam shaping technologies. The resulting customized beam patterns are obtained by ...... axes of the laser cutting system and transforming the sequencing problem into a generalized traveling salesman problem (GTSP)....

  15. ASPECTS OF THE STOCK VALUATION AND ACCOUNTING IN AGRICULTURAL UNITS IN ROMANIA

    Mariana BANUTA

    2014-11-01

    Full Text Available This paper approaches a current and common and topical problem of the business entities operating in agriculture, the stock valuation and accounting problem. Thus, gradually the article starts from the delimitation of the categories of inventories in agriculture, continues with the reasons for the need to valuate them and shows the stock valuation methods in the current accounting and in other specific situations.

  16. The role of the implementation angle of cuttings of Phyllanthus sellowianus as a reference for a soil protection measure against surface erosion

    Rauch, H. P.; Sutili, F. J.; Aschbacher, M.; Müller, B.

    2009-04-01

    Cutting plantation is a very common method of soil bioengineering techniques. The potential of vegetative reproduction is used to install a vegetation cover on eroded slopes to prevent surface erosion. The development of above and below biomass from parts of the stock plant in a very short time and the fast and easy propagation are one of the most important advantages of this soil bioengineering type. Several handbooks (Schiechtl, 1992; Florineth, 2004 and Zeh, 2007) suggest potential plants for vegetative reproduction and describe the procedure of plantation in detail. It is recommended that the cuttings are not driven vertically into the ground. A flat implementation angle guarantees a more uniform rooting of the cutting part driven into the soil, however there are no systematically investigations of the impact of the implementation angle on the biomass performance and consequently on the performance as a surface erosion protection measure. This paper shows results from field investigations focusing on the problem of the impact of the implementation angle of cuttings. In sum 75 specimens of the species of Phyllanthus sellowianus. The plant species was recommended as a native potential soil bioengineering plant by Sutili (s. Sutili, 2006). The cuttings were planted with an average length of 50 cm and diameter of 2 cm. The implementation angle differences between 90 (vertical) 45 and 10 degree. Two months after plantation all plants were excavated and the relevant plant data sets were collected in order to analyse the biomass performance. The field investigations are part of an integrated research project of the University of Natural Resources and Applied Life Sciences, Vienna and the Federal University of Santa Maria, Rio Grande do Sul - Brazil.

  17. A New Decision-Making Method for Stock Portfolio Selection Based on Computing with Linguistic Assessment

    Chen-Tung Chen

    2009-01-01

    Full Text Available The purpose of stock portfolio selection is how to allocate the capital to a large number of stocks in order to bring a most profitable return for investors. In most of past literatures, experts considered the portfolio of selection problem only based on past crisp or quantitative data. However, many qualitative and quantitative factors will influence the stock portfolio selection in real investment situation. It is very important for experts or decision-makers to use their experience or knowledge to predict the performance of each stock and make a stock portfolio. Because of the knowledge, experience, and background of each expert are different and vague, different types of 2-tuple linguistic variable are suitable used to express experts' opinions for the performance evaluation of each stock with respect to criteria. According to the linguistic evaluations of experts, the linguistic TOPSIS and linguistic ELECTRE methods are combined to present a new decision-making method for dealing with stock selection problems in this paper. Once the investment set has been determined, the risk preferences of investor are considered to calculate the investment ratio of each stock in the investment set. Finally, an example is implemented to demonstrate the practicability of the proposed method.

  18. A cutting fluid

    Kajdas, C.; Dominiak, M.; Kozinski, R.; Misterkiewicz, B.; Polowniak, J.; Szczepaniak, S.

    1982-06-30

    The cutting fluid (SOZh) contains 0.5 to 10 percent vegetable or animal fats, selectively sulfurized in the presence of a catalyst (Kt): 0.1 to 10 percent chlorinated C2O to C3O paraffins, which contain 10 to 50 percent Chlorine in a molecule, and 0.001 to 0.5 percent dialkyldithiocarbamic or alkylen-bis-(dithiocarbamic) acids or their salts or derivatives of the form (R(R')NC(S)SRn'', (CH2)n(NHC(S)S)2R'' or R(R')NC(S)SnC(S)(R)R', where R and R' are alkyl or cycloalkyl of the C1 to C6 fractions, R'' is Hydrogen, a metal, or aliphatic or heterocyclic amine, n = 2 to 6 and 0.001 to 0.3 percent of heterocyclic mercaptanes or disulfides of the cited formula, where A is Nitrogen or Sulfur, and up to 100 percent petroleum oil with a kinematic viscosity of 5 to 50 square millimeters per second at 323K.

  19. Um método heurístico baseado em programação dinâmica para o problema de corte bidimensional guilhotinado restrito A heuristic method based on dynamic programming for the constrained two-dimensional guillotine cutting problem

    Rejane Joas Silveira

    2002-04-01

    Full Text Available Neste artigo estudamos um caso particular dos problemas de corte, denominado problema bidimensional guilhotinado restrito (PGR. O PGR é um problema NP-difícil que aparece em diversos processos industriais de corte de chapas retangulares, em particular, na indústria de vidro e placas de circuito impresso. Para resolvê-lo, exploramos uma variação do método exato de CHRISTOFIDES & HADJICONSTANTINOU (1995, baseada numa relaxação do espaço de estados de uma formulação de programação dinâmica do PGR, num procedimento do tipo otimização do subgradiente, e numa heurística de factibilização. O resultado é um método sem garantia de otimalidade, porém bem mais rápido e capaz de resolver problemas maiores do que o método exato de Christofides e Hadjiconstantinou. O desempenho computacional do método é avaliado resolvendo-se diversos exemplos da literatura e exemplos aleatórios, e comparando-se as soluções obtidas com as de CHRISTOFIDES & HADJICONSTANTINOU (1995 e da conhecida heurística de WANG (1983.In this paper we study a particular case of two-dimensional cutting problems named constrained guillotine cutting (CGC. The CGC is an NP-hard problem that appears in different industrial processes of cutting rectangular plates, such as in the glass and circuit board industries. To solve the problem we present a variation of the exact method of CHRISTOFIDES & HADJICONSTANTINOU (1995, based on a state space relaxation of a dynamic programming formulation of the CGC, a procedure of subgradient optimization type, and a feasibility heuristic. The result is a method without guarantee of optimality, however, faster and able to solve larger problems than the exact method of Christofides and Hadjiconstantinou. The computational performance of the approach is evaluated solving several examples of the literature as well as randomly generated examples, and comparing the solutions obtained with the ones of Christofides and Hadjiconstantinou

  20. The Gesso Cut for Printmaking

    Kelly, Perry; Sarvis, Alva

    1969-01-01

    Directions are given for the preparation, cutting, and printing of a gesso board. A gesso cut is defined as a board coated with gesso into which a design has been impressed. The process is similar to the woodcut, but offers greater textural possibilities. (BF)

  1. Shearer drums - the cutting edge

    O' Neill, M.; Wright, C.

    2004-09-15

    The paper discusses continuous miner and shearer cutters. It claims cutting drum require the same level of engineering know-how and technical expertise as do the machines driving them, and that the cutting drum, whether on a longwall shearer or continuous miner, comprises, the steel, pedestals, bit holders and the bits.

  2. Water-Cut Sensor System

    Karimi, Muhammad Akram; Shamim, Atif; Arsalan, Muhammad

    2018-01-01

    Provided in some embodiments is a method of manufacturing a pipe conformable water-cut sensors system. Provided in some embodiments is method for manufacturing a water-cut sensor system that includes providing a helical T-resonator, a helical ground

  3. Tubing and cable cutting tool

    Mcsmith, D. D.; Richardson, J. I. (Inventor)

    1984-01-01

    A hand held hydraulic cutting tool was developed which is particularly useful in deactivating ejection seats in military aircraft rescue operations. The tool consists primarily of a hydraulic system composed of a fluid reservoir, a pumping piston, and an actuator piston. Mechanical cutting jaws are attached to the actuator piston rod. The hydraulic system is controlled by a pump handle. As the pump handle is operated the actuator piston rod is forced outward and thus the cutting jaws are forced together. The frame of the device is a flexible metal tubing which permits easy positioning of the tool cutting jaws in remote and normally inaccessible locations. Bifurcated cutting edges ensure removal of a section of the tubing or cable to thereby reduce the possibility of accidental reactivation of the tubing or cable being severed.

  4. Cutting method and device underwater

    Takano, Genta; Kamei, Hiromasa; Beppu, Seiji

    1998-01-01

    A place of material to be cut is surrounded by an openable/closable box. The material to be cut is cut underwater, and materials generated in this case are removed from the cut portion by a pressurized water jet. The removed materials are sucked and recovered together with water in the box. Among the materials caused by the cutting underwater, solid materials not floating on water are caused to stay in the midway of a sucking and recovering channel. A large sucking force might be required for the entire region of the sucking and recovering channel when sucking and recovering large sized solid materials not floating on water, but even large sized materials can be recovered easily according to the present invention since they are recovered after being sucked and stayed in the midway of the sucking and recovering channel. (N.H.)

  5. Cutting concrete with abrasion jet

    Yie, G.G.

    1982-01-01

    Fluidyne Corporation has developed a unique process and apparatus that allow selected abrasives to be introduced into high-speed waterjet to produce abrasive-entrained waterjet that has high material-cutting capabilities, which is termed by Fluidyne as the Abrasion Jet. Such Abrasion Jet has demonstrated capability in cutting hard rock and concrete at a modest pressure of less than 1360 bars (20,000 psi) and a power input of less than 45 kW (60 horsepower). Abrasion Jet cutting of concrete is characterized by its high rate of cutting, flexible operation, good cut quality, and relatively low costs. This paper presents a general description of this technology together with discussions of recent test results and how it could be applied to nuclear decontamination and decommissioning work. 8 references

  6. Analyses of Effects of Cutting Parameters on Cutting Edge Temperature Using Inverse Heat Conduction Technique

    Marcelo Ribeiro dos Santos

    2014-01-01

    Full Text Available During machining energy is transformed into heat due to plastic deformation of the workpiece surface and friction between tool and workpiece. High temperatures are generated in the region of the cutting edge, which have a very important influence on wear rate of the cutting tool and on tool life. This work proposes the estimation of heat flux at the chip-tool interface using inverse techniques. Factors which influence the temperature distribution at the AISI M32C high speed steel tool rake face during machining of a ABNT 12L14 steel workpiece were also investigated. The temperature distribution was predicted using finite volume elements. A transient 3D numerical code using irregular and nonstaggered mesh was developed to solve the nonlinear heat diffusion equation. To validate the software, experimental tests were made. The inverse problem was solved using the function specification method. Heat fluxes at the tool-workpiece interface were estimated using inverse problems techniques and experimental temperatures. Tests were performed to study the effect of cutting parameters on cutting edge temperature. The results were compared with those of the tool-work thermocouple technique and a fair agreement was obtained.

  7. Stock Market Expectations of Dutch Households.

    Hurd, Michael; van Rooij, Maarten; Winter, Joachim

    2011-04-01

    Despite its importance for the analysis of life-cycle behavior and, in particular, retirement planning, stock ownership by private households is poorly understood. Among other approaches to investigate this puzzle, recent research has started to elicit private households' expectations of stock market returns. This paper reports findings from a study that collected data over a two-year period both on households' stock market expectations (subjective probabilities of gains or losses) and on whether they own stocks. We document substantial heterogeneity in financial market expectations. Expectations are correlated with stock ownership. Over the two years of our data, stock market prices increased, and expectations of future stock market price changes also increased, lending support to the view that expectations are influenced by recent stock gains or losses.

  8. THE INFLUENCE OF DIFFERENT STOCKING DENSITIES AND ...

    Helet Lambrechts

    stocking densities will have a possible inhibitory effect on the establishment of ... Keywords: Ostriches, stocking density, male:female ratio, reproductive performance .... Eggs were stored upright with the air cell in the uppermost position.

  9. Remotely controlled cutting techniques in the field of nuclear decommissioning. Overview of effectively applied thermal and non thermal cutting methods

    Bienia, H.

    2008-01-01

    Remote disassembly of radiologically burdened large components is among the most sophisticated and complex activities in the dismantling of nuclear installations. The required space for the technical equipment during the dismantling operations, especially for the removal of larger components is often an additional problem. Conventional cutting technologies like sawing with a disk saw or band saw require large and heavy frameworks as well as guiding systems with high rigidity. These solutions are expensive and sometimes not applicable. The essential question of all cutting and dismantling tasks is the physiological constitution of the component which will be dismantled. That means size, material and structure of the component. All these points are primarily technological questions. The last question is about the estimated costs of the used dismantling technology. Therefore following questions must be answered. How much are the investments for the cutting equipment itself and how much are the investments for the supporting equipment (e.g. necessary handling equipment)? Can I use this cutting equipment only for one special task or is it applicable for many tasks and therefore saves money because other cutting or dismantling technologies are dispensable? How long is the cutting time and what is the to control this technique required personnel? Four different cutting and dismantling technologies will be introduced and described. These four technologies differ in their principle of operation but all of them are used by cutting and dismantling tasks in nuclear power plants. (author)

  10. Oil risk in oil stocks

    Scholtens, Bert; Wang, L

    2008-01-01

    We assess the oil price sensitivities and oil risk premiums of NYSE listed oil & gas firms' returns by using a two-step regression analysis under two different arbitrage pricing models. Thus, we apply the Fama and French (1992) factor returns in a study of oil stocks. In all, we find that the return

  11. Behavioral heterogeneity in stock prices

    Boswijk, H.P.; Hommes, C.H.; Manzan, S.

    2007-01-01

    We estimate a dynamic asset pricing model characterized by heterogeneous boundedly rational agents. The fundamental value of the risky asset is publicly available to all agents, but they have different beliefs about the persistence of deviations of stock prices from the fundamental benchmark. An

  12. Solow Residuals Without Capital Stocks

    Burda, Michael C.; Severgnini, Battista

    2014-01-01

    We use synthetic data generated by a prototypical stochastic growth model to assess the accuracy of the Solow residual (Solow, 1957) as a measure of total factor productivity (TFP) growth when the capital stock in use is measured with error. We propose two alternative measurements based on curren...

  13. Dispositional optimism and stock investments

    Angelini, Viola; Cavapozzi, D.

    This paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged

  14. Stock option repricing in Europe

    Sauer, M.; Sautner, Z.

    2008-01-01

    This paper investigates the link between option repricing, firm performance and corporate governance in Europe. Our sample consists of 77 European firms that repriced their stock option between 1987 and 2003. We document that option repricing is mainly a phenomenon for young and fast growing firms

  15. Validating Virtual Safety Stock Effectiveness through Simulation

    Maria Elena Nenni

    2013-08-01

    safety stock effectiveness through simulation in an inventory system using a base stock policy with periodic reviews and backorders. This approach can be useful for researchers as well as practitioners who want to model the behaviour of an inventory system under uncertain conditions and verify the opportunity for setting up a virtual safety stock on top of, or instead of, the traditional physical safety stock.

  16. Stock-market efficiency in thin-trading markets : the case of the Vietnamese stock market

    Truong Dong Loc, [No Value; Lanjouw, Ger; Lensink, Robert

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  17. Stock Market Efficiency in Thin Trading Markets: The Case of the Vietnamese Stock Market

    Dong Loc, T.; Lanjouw, G.; Lensink, B.W.

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  18. Students Invest in the Stock Market

    Parker, George O.

    1977-01-01

    How one teacher motivated students to learn about the stock market by allowing them to actually invest money. Class discussion covered inexpensive ways to buy stock, choosing securities, and buying and selling stock. Suggestions are offered for adapting this project for use at the secondary level. (TA)

  19. Stochastic GARCH dynamics describing correlations between stocks

    Prat-Ortega, G.; Savel'ev, S. E.

    2014-09-01

    The ARCH and GARCH processes have been successfully used for modelling price dynamics such as stock returns or foreign exchange rates. Analysing the long range correlations between stocks, we propose a model, based on the GARCH process, which is able to describe the main characteristics of the stock price correlations, including the mean, variance, probability density distribution and the noise spectrum.

  20. On the Design of Artificial Stock Markets

    K. Boer-Sorban (Katalin); A. de Bruin (Arie); U. Kaymak (Uzay)

    2005-01-01

    textabstractArtificial stock markets are designed with the aim to study and understand market dynamics by representing (part of) real stock markets. Since there is a large variety of real stock markets with several partially observable elements and hidden processes, artificial markets differ

  1. Are Stock and Corporate Bond Markets Integrated?

    van Zundert, J.; Driessen, Joost

    2017-01-01

    This study explores the cross-sectional integration of stock and corporate bond markets by comparing a firm’s expected stock return, as implied by corporate bond spreads, to its realized stock return. We compute expected corporate bond returns by correcting credit spreads for expected losses due to

  2. Stock market dynamics created by interacting agents

    Mohamed Riad Remita

    2006-01-01

    Full Text Available We study a stock market model, consisting in a large number of agents, going eventually to infinity, and evaluate the stock price under the influence of opinions of different agents. Next we study the behavior of prices when the market is very nervous; there appear discontinuities (phase transitions which can be interpreted as stock market crashes.

  3. Analysis of Naval Ammunition Stock Positioning

    2015-12-01

    not manipulated to be in favor of any system based on the assumption that stock positioned closer to demand would result in more favorable delivery...NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING...professional report 4. TITLE AND SUBTITLE ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING 5. FUNDING NUMBERS 6. AUTHOR(S) David Sharp and Eric

  4. 12 CFR 725.5 - Capital stock.

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Capital stock. 725.5 Section 725.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY § 725.5 Capital stock. (a) The capital stock of the Facility is divided...

  5. Stocking chart for upland central hardwoods

    Martin E. Dale; Donald E. Hilt

    1989-01-01

    The upland hardwoods stocking chart, introduced by Gingrich in 1967, has become one of the forest manager's most useful tools. The chart allows you to determine the condition of the present stand in relation to a stocking standard. The stocking of a stand is extremely helpful in prescribing various silvicultural treatments such as intermediate thinnings,...

  6. Analysis on the Influence of Stock Index Futures on Chinese Stock Market

    王钊

    2014-01-01

    As the first product of financial futures in China, CSI 300 Stock Index Futures is a symbol of the continual improvement and development of Chinese capital market system. So it would be bound to generate immeasurable influence on Chinese capital market and financial system. Starting from introducing the relevant summaries of stock index futures, this paper analyzes the influence of the stock index futures on the fluctuation in the international stock market;then, it analyzes influence of the stock index futures on the fluctuation in Chinese stock market, in order to propose some suggestions to the policies for developing Chinese stock index futures.

  7. APPLICATION OF DIVIDEND DISCOUNT MODEL VALUATION AT MACEDONIAN STOCK-EXCHANGE

    Zoran Ivanovski

    2015-06-01

    Full Text Available Dividend discount model (DDM is the simplest model for valuing equities in finance. Many analysts belived that DDM is outmoded, but much of the intuition that drives Discounted Cash Flow (DCF valuation is embedded in the DDM model. There are also specific companies stocks where the DDM model remains a useful tool for estimating value. The basic task of these research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange (MSE through the process of empirical valuation of random chosen stocks. This research helped us to identify problems in use of DDM valuation models at MSE, to determine causes for differences between the intrinsic values and the stock market prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM models are usefull only as additional tool beside relative and DCF stocks valuation at MSE.

  8. Análise da estrutura e do estoque de fitomassa de uma floresta secundária da região de Manaus AM, dez anos após corte raso seguido de fogo Biomass stock and structural analysis of a secondary forest in Manaus (AM region, ten years after clear cutting followed by fire

    Adriano José Nogueira Lima

    2007-01-01

    areas in the Brazilian Amazônia. This study was carried out in the Tropical Forestry Experimental Station (EEST/INPA, around 50 kilometers north of Manaus, the capital of Amazonas State. A secondary forest ("capoeira", 10 years old, was selected for this study; its land use history includes clear cutting followed by fire. Two different samples of primary forests were included as control plots for the "capoeira". All individuals with diameter at breast height (DBH greater than 5 cm were measured and recorded in a single area of 0,4 ha for each treatment. Ten years after burning, the secondary forest is still very different in comparison with primary forest, in terms of important parameters of the vegetation structure, such as floristic composition, abundance, frequency, dominance, index of value of importance (IVI and the diameter distribution. In "capoeira" studied the dominant species are mainly of the following botanical families: Annonaceae, Arecaceae, Burseraceae, Cecropiaceae, Euphorbiaceae, Fabaceae, Lecythidaceae, Melastomataceae, Mimosaceae, Sapindaceae and Sterculiaceae. The estimates of dry biomass were 56.2 t. ha-1 ± 12 (CI 95% and 339.7 t.ha-1 ± 66.7 (CI 95% for "capoeira" and primary forest, respectively.

  9. Regge cuts in inclusive reactions

    Paige, F.E.; Trueman, T.L.

    1975-01-01

    The contribution of Regge cuts to single-particle inclusive processes is analyzed using the techniques of Gribov. The dependence of these contributions on the polarization state of the target is emphasized. A general formula is obtained and certain contributions to it are calculated. It is not possible, however, to reduce this to a simple, powerful formula expressing the total cut contribution in terms of other measurable quantities, as can be done for the cut contribution to the total cross section. The reasons for this are discussed in detail. The single-particle intermediate states, analogous to the absorption model for elastic scattering, are explicitly calculated as an illustration

  10. Laser cutting of Kevlar laminates

    VanCleave, R.A.

    1977-09-01

    An investigation has been conducted of the use of laser energy for cutting contours, diameters, and holes in flat and shaped Kevlar 49 fiber-reinforced epoxy laminates as an alternate to conventional machining. The investigation has shown that flat laminates 6.35 mm thick may be cut without backup by using a high-powered (1000-watt) continuous wave CO/sub 2/ laser at high feedrates (33.87 mm per second). The cut produced was free of the burrs and delaminations resulting from conventional machining methods without intimate contact backup. In addition, the process cycle time was greatly reduced.

  11. Preferences of cut flowers consumers

    Sylwia Kierczyńska

    2010-01-01

    Full Text Available The results of interviews suggest that majority of the cut flowers’ consumers has favourite kind of flower, among which most frequently pointed one was the rose. More than half of the interviewed favour the uniform colour of cut flowers and red colour was the most favourite one. The subtle smell of flowers was the most preferable one but the intensive fragrance was favoured for more consumers than odourless flowers. The data from selected florists’ confirm the information from interviews – in spite of the occasion, roses were the most demanded cut flowers.

  12. A study on the mechanical behavior of soils during flat edge cutting

    Ichiba, Satoru; Hyodo, Kazuya; Ooishi, Yoshihiro

    1986-01-01

    For the development of efficient earthmoving machinery, it is necessary to clarify the soil cutting mechanism, but there is no usual analytical or experimental technique for large deformation problems like soil cutting. Therefore, we have tried to apply the X-ray radiography method, which is a soil experiment method for the visualization and the quantative analysis of soil deformation, to the flat edge cutting problem. Firstly we have confirmed that the X-ray radiography method is applicable to large deformations, and have examined by this method the cutting mechanism of soils under various cutting conditions. As a result, the behavior of shear failure lines, which have not been studied in detail before, are clarified, and the differences in the cutting mechanism with the cutting angle and the nature of soils are discussed through the quantative estimation of the strain distribution. (author)

  13. A study on the mechanical behavior of soil during frat edge cutting

    Ichiba, Satoru; Hyodo, Kazuya; Ooishi, Yoshihiro.

    1987-02-01

    For the development of efficient earthmoving machinery, it is necessary to clarify the soil cutting mechanism, but there is no usual analytical or experimental technique for large deformation problems like soil cutting. Therefore, we have tried to apply the X-ray radiography method, which is a soil experiment method for the visualization and the quantitative analysis of soil deformation, to the flat edge cutting problem. Firstly we have confirmed that the X-ray radiography method is applicable to large deformations, and have examined by this method the cutting mechanism of soils under various cutting conditions. As a result, the behavior of shear failure lines, which have not been studied in detail before, are clarified, and the differences in the cutting mechanism with the cutting angle and the nature of soils are discussed through the quantitative estimation of the strain distribution. (author)

  14. Stock Market Optimism and Cointegration among Stocks: The Case of the Prague Stock Exchange

    Baxa, Jaromír

    2007-01-01

    Roč. 15, č. 4 (2007), s. 5-16 ISSN 0572-3043 R&D Projects: GA ČR GD402/03/H057 Institutional research plan: CEZ:AV0Z10750506 Keywords : stock market * optimism * cointegration Subject RIV: AH - Economics

  15. MODELING OF THE TRACK AND ROLLING STOCK INTERACTION

    N. V. Khalipova

    2013-09-01

    Full Text Available Purpose. Interaction of system’s elements of "carriage–track" modelling requires consideration of various criteria, it also requires analysis of many uncertainty and randomness factors’ influence on the basic parameters to ensure optimal or rational parameters of the system. The researching of interactions’ process requires new theoretical approaches to formulation of objectives, based on a generalization of existing modeling approaches. The purpose of this work is development of interaction models between track and rolling stock based on multiple structures of objects. Methodology. Dedicated and formed the main evaluation criteria of dynamic interaction between track and rolling stock optimization - quality assurance and safety of transportation process, improving of their efficiency and reducing of prime cost’s. Based on vector optimization methods, proposed model of rolling stock and track’s elements interaction. For the synthesis of the model used mathematical machine of multiple objects structures. Findings. Generalized approaches to modeling in the interaction of rolling stock and track for different structural elements of the system under different exploitation conditions. This theoretical approach demonstrated on the examples of modeling of passenger and freight cars with track under different exploitation conditions. Originality. Proposed theoretical approach to the problem of track and rolling stock interaction, based on a synthesis of existing models by using of multiple objects structures. Practical value. Using of proposed model allows to structure key data and rational parameters of rolling stock and track interaction’s modeling and to formulate optimal and rational parameters of the system, to determine the effective exploitation parameters and measurement system for rational use of infrastructure.

  16. Stock and option portfolio using fuzzy logic approach

    Sumarti, Novriana; Wahyudi, Nanang

    2014-03-01

    Fuzzy Logic in decision-making process has been widely implemented in various problems in industries. It is the theory of imprecision and uncertainty that was not based on probability theory. Fuzzy Logic adds values of degree between absolute true and absolute false. It starts with and builds on a set of human language rules supplied by the user. The fuzzy systems convert these rules to their mathematical equivalents. This could simplify the job of the system designer and the computer, and results in much more accurate representations of the way systems behave in the real world. In this paper we examine the decision making process of stock and option trading by the usage of MACD (Moving Average Convergence Divergence) technical analysis and Option Pricing with Fuzzy Logic approach. MACD technical analysis is for the prediction of the trends of underlying stock prices, such as bearish (going downward), bullish (going upward), and sideways. By using Fuzzy C-Means technique and Mamdani Fuzzy Inference System, we define the decision output where the value of MACD is high then decision is "Strong Sell", and the value of MACD is Low then the decision is "Strong Buy". We also implement the fuzzification of the Black-Scholes option-pricing formula. The stock and options methods are implemented on a portfolio of one stock and its options. Even though the values of input data, such as interest rates, stock price and its volatility, cannot be obtain accurately, these fuzzy methods can give a belief degree of the calculated the Black-Scholes formula so we can make the decision on option trading. The results show the good capability of the methods in the prediction of stock price trends. The performance of the simulated portfolio for a particular period of time also shows good return.

  17. Stock Market Manipulation on the Hong Kong Stock Exchange

    Dionigi Gerace

    2014-10-01

    Full Text Available This study is the first to empirically examine stock market manipulation on the Hong Kong Stock Exchange. The dataset contains 40 cases of market manipulation from 1996 to 2009 that were successfully prosecuted by the Hong Kong Securities & Futures Commission. Manipulation is found to negatively impact market efficiency measures such as the bid-ask spread and volatility. Markets appear incapable of efficiently responding to the presence of manipulators and are characterised by information asymmetry. Manipulators were successfully able to raise prices and exit the market. This finding contradicts views that trade-based manipulation is entirely unprofitable and self-deterring. The victimisation of information-seeking investors and the market as a whole provides a strong rationale for all jurisdictions, including Australia, to have effective laws that prohibit manipulation and for robust enforcement of those laws to further deter market manipulation.

  18. METAHEURISTICS FOR OPTIMIZING SAFETY STOCK IN MULTI STAGE INVENTORY SYSTEM

    Gordan Badurina

    2013-02-01

    Full Text Available Managing the right level of inventory is critical in order to achieve the targeted level of customer service, but it also carries significant cost in supply chain. In majority of cases companies define safety stock on the most downstream level, i.e. the finished product level, using different analytical methods. Safety stock on upstream level, however, usually covers only those problems which companies face on that particular level (uncertainty of delivery, issues in production, etc.. This paper looks into optimizing safety stock in a pharmaceutical supply considering the three stages inventory system. The problem is defined as a single criterion mixed integer programming problem. The objective is to minimize the inventory cost while the service level is predetermined. In order to coordinate inventories at all echelons, the variable representing the so-called service time is introduced. Because of the problem dimensions, metaheuristics based on genetic algorithm and simulated annealing are constructed and compared, using real data from a Croatian pharmaceutical company. The computational results are presented evidencing improvements in minimizing inventory costs.

  19. Characterization of Flame Cut Heavy Steel: Modeling of Temperature History and Residual Stress Formation

    Jokiaho, T.; Laitinen, A.; Santa-aho, S.; Isakov, M.; Peura, P.; Saarinen, T.; Lehtovaara, A.; Vippola, M.

    2017-12-01

    Heavy steel plates are used in demanding applications that require both high strength and hardness. An important step in the production of such components is cutting the plates with a cost-effective thermal cutting method such as flame cutting. Flame cutting is performed with a controlled flame and oxygen jet, which burns the steel and forms a cutting edge. However, the thermal cutting of heavy steel plates causes several problems. A heat-affected zone (HAZ) is generated at the cut edge due to the steep temperature gradient. Consequently, volume changes, hardness variations, and microstructural changes occur in the HAZ. In addition, residual stresses are formed at the cut edge during the process. In the worst case, unsuitable flame cutting practices generate cracks at the cut edge. The flame cutting of thick steel plate was modeled using the commercial finite element software ABAQUS. The results of modeling were verified by X-ray diffraction-based residual stress measurements and microstructural analysis. The model provides several outcomes, such as obtaining more information related to the formation of residual stresses and the temperature history during the flame cutting process. In addition, an extensive series of flame cut samples was designed with the assistance of the model.

  20. Prune or cut down

    Hansen, Pelle Guldborg; Rojo Arjona, David

    2011-01-01

    Abstract In The Economics of Rights, Co-operation and Welfare (1986), Robert Sugden follows the tradition from Thomas Schelling and David Lewis in ascribing a central role to the notion of salience within his theory of convention. However, against this, Bruno Verbeek (Instrumental rationality...... on coordination problems. It finds that the argument fails to consider at least two candidate theories of salience that may be incorporated into the theory of convention without circularity: cognitive hierarchy theory that iterates Sugden’s notion of psychological salience and Schelling salience. Thus, in the end...

  1. Regge cuts: A general approach

    Weis, J.H.

    1976-01-01

    We discuss an approach to the calculation of Regge-cut contributions to scattering amplitudes which relies only on the general structure of the physical Reggeon couplings. It thus allows a unified treatment of disparate models [such as the Feynman (Mandelstam) graph model and the dual model] and a general derivation of the Abramovskii--Gribov--Kancheli (AGK) rules. The structure of the Reggeon couplings is expressed through integrals over complex helicity. The Regge-cut amplitude can then be obtained, and its s-channel discontinuity, taken; there results a direct derivation of a set of ''cutting rules'' which express the total discontinuity as a sum of terms involving various discontinuities of the Reggeon couplings. The equality of these discontinuities follows directly if the singularities in complex helicity are the usual ones. Thus the AGK rules are seen to be quite model independent. Here we study in detail the simplest example: the Reggeon-particle cut in the four-particle amplitude

  2. Materials selection for cutting tools

    Burkhis, Adel M.

    2008-01-01

    The selection of proper tool steel for a given application is a difficult task. So; the most important selection factors in choosing cutting tool materials are based on their tool material requirements, cutting tool design and service conditions which is mainly considered as functional requirements. The processability requirements concerns in heat treat ability of the material tool. The classification of these tool materials were discussed with their properties requirement and percent of alloying element which is added to give best properties with a little increase in cost that highly appear in comparison of the selection. The cutting tool materials were evaluated based on two cases; The first was in case of rough surface; the high speed steels is the best material and the other was the ceramic material is the highest performance in cutting of soft or high rate of metal removal. (author)

  3. Rising trade, declining stocks: The global gugul (Commiphora wightii) trade.

    Cunningham, A B; Brinckmann, J A; Kulloli, R N; Schippmann, U

    2018-05-07

    Commiphora wightii is exploited in India and Pakistan for an oleo-resin (gum guggul) traditionally used in Ayurvedic, Siddha and Unani medical systems. Processed C. wightii oleo-resin products are exported from India to 42 countries, including re-export to Pakistan, for anti-inflammatory use and as an anti-inflammatory and an anti-obesity treatment considered to lower cholesterol and lipid levels. The C. wightii export trade has particular relevance to the European Union because Belgium, France, Germany, Hungary, Italy, the Netherlands, and United Kingdom are importing countries. Demand and prices for C. wightii oleo-resin are increasing and wild stocks of C. wightii are in decline. The overexploitation of C. wightii after tapping for its commercially valuable oleo-resin is not a new problem, however, but one that has existed for over 50 years. Lopping and chopping trees to extract C. wightii oleo-resin has had a devastating impact on C. wightii populations since the 1960's. The aim of this study was to review the sustainability of the global trade in C. wightii oleo-resin. This included reviewing studies on resin tapping methods and the impacts of wild harvest on C. wightii populations in India and Pakistan. Firstly, we reviewed studies on impacts of C. wightii oleo-resin harvest and on the policy responses taken in relation to harvest and trade in C. wightii oleo-resin. Secondly, we reviewed studies on C. wightii cultivation. Thirdly, global trade data for C. wightii were analyzed. Destructive harvest to obtain the gum is the major threat facing this species. C. wightii populations are also fragmented by habitat loss through clearing for farming. Cutting and lopping in order to extract the medicinal gum are a major threat to C. wightii populations, as is poor recruitment due to grazing by livestock. As a result of over-exploitation, C. wightii oleo-resin production has declined in India. In Gujarat, a key production area, the decline over a 50-year period has

  4. Modelling the potential to achieve deep carbon emission cuts in existing UK social housing: The case of Peabody

    Reeves, Andrew; Taylor, Simon; Fleming, Paul

    2010-01-01

    As part of the UK's effort to combat climate change, deep cuts in carbon emissions will be required from existing housing over the coming decades. The viability of achieving such emission cuts for the UK social housing sector has been explored through a case study of Peabody, a housing association operating in London. Various approaches to stock refurbishment were modelled for Peabody's existing stock up to the year 2030, incorporating insulation, communal heating and micro-generation technologies. Outputs were evaluated under four future socio-economic scenarios. The results indicate that the Greater London Authority's target of a 60% carbon emission cut by 2025 can be achieved if extensive stock refurbishment is coupled with a background of wider societal efforts to reduce carbon emissions. The two key external requirements identified are a significant reduction in the carbon intensity of grid electricity and a stabilisation or reduction in householder demand for energy. A target of achieving zero net carbon emissions across Peabody stock by 2030 can only be achieved if grid electricity becomes available from entirely zero-carbon sources. These results imply that stronger action is needed from both social landlords and Government to enable deep emission cuts to be achieved in UK social housing.

  5. Multidimensional Brain MRI segmentation using graph cuts

    Lecoeur, Jeremy

    2010-01-01

    This thesis deals with the segmentation of multimodal brain MRIs by graph cuts method. First, we propose a method that utilizes three MRI modalities by merging them. The border information given by the spectral gradient is then challenged by a region information, given by the seeds selected by the user, using a graph cut algorithm. Then, we propose three enhancements of this method. The first consists in finding an optimal spectral space because the spectral gradient is based on natural images and then inadequate for multimodal medical images. This results in a learning based segmentation method. We then explore the automation of the graph cut method. Here, the various pieces of information usually given by the user are inferred from a robust expectation-maximization algorithm. We show the performance of these two enhanced versions on multiple sclerosis lesions. Finally, we integrate atlases for the automatic segmentation of deep brain structures. These three new techniques show the adaptability of our method to various problems. Our different segmentation methods are better than most of nowadays techniques, speaking of computation time or segmentation accuracy. (authors)

  6. Modeling and optimization of laser cutting operations

    Gadallah Mohamed Hassan

    2015-01-01

    Full Text Available Laser beam cutting is one important nontraditional machining process. This paper optimizes the parameters of laser beam cutting parameters of stainless steel (316L considering the effect of input parameters such as power, oxygen pressure, frequency and cutting speed. Statistical design of experiments is carried in three different levels and process responses such as average kerf taper (Ta, surface roughness (Ra and heat affected zones are measured accordingly. A response surface model is developed as a function of the process parameters. Responses predicted by the models (as per Taguchi’s L27OA are employed to search for an optimal combination to achieve desired process yield. Response Surface Models (RSMs are developed for mean responses, S/N ratio, and standard deviation of responses. Optimization models are formulated as single objective optimization problem subject to process constraints. Models are formulated based on Analysis of Variance (ANOVA and optimized using Matlab developed environment. Optimum solutions are compared with Taguchi Methodology results. As such, practicing engineers have means to model, analyze and optimize nontraditional machining processes. Validation experiments are carried to verify the developed models with success.

  7. Economic technology of laser cutting

    Fedin, Alexander V.; Shilov, Igor V.; Vassiliev, Vladimir V.; Malov, Dmitri V.; Peskov, Vladimir N.

    2000-02-01

    The laser cutting of color metals and alloys by a thickness more than 2 mm has significant difficulties due to high reflective ability and large thermal conduction. We made it possible to raise energy efficiency and quality of laser cutting by using a laser processing system (LPS) consisting both of the YAG:Nd laser with passive Q-switching on base of LiF:F2- crystals and the CO2 laser. A distinctive feature of the LPS is that the radiation of different lasers incorporated in a coaxial beam has simultaneously high level of peak power (more than 400 kW in a TEM00 mode) and significant level of average power (up to 800 W in a TEM01 mode of the CO2 laser). The application of combined radiation for cutting of an aluminum alloy of D16 type made it possible to decrease the cutting energy threshold in 1.7 times, to increase depth of treatment from 2 up to 4 mm, and velocity from 0.015 up to 0.7 m/min, and also to eliminate application of absorptive coatings. At cutting of steels the velocity of treatment was doubled, and also an oxygen flow was eliminated from the technological process and replaced by the air. The obtained raise of energy efficiency and quality of cutting is explained by an essential size reducing of a formed penetration channel and by the shifting of a thermal cutting mode from melting to evaporation. The evaluation of interaction efficiency of a combined radiation was produced on the basis of non-stationary thermal-hydrodynamic model of a heating source moving as in the cutting direction, and also into the depth of material.

  8. Valuation of common and preferred stocks

    Nikolić Ljubica

    2014-01-01

    Full Text Available Buying stocks is a modern way of investing. The investors may place the available capital on the domestic and foreign stock market, they may buy more stocks of a single issuer or distribute money to purchase stocks of various public (stock-exchange companies, and they may form a portfolio of various securities. The investors' decisions on these options are based on their estimate on returns and risks underlying individual security instruments (securities. The two basic approaches to valuation of common stocks are: the Present Value Approach (method of valuating the capitalization of income and the P/E Ratio Approach (the method of valuating the multiple of per-share earnings. Instead of viewing these methods as competing alternatives, they should better be viewed as mutually complementary methods. Both methods are equally useful and their concurrent use may provide better grounds for the analysts' valuation of stocks.

  9. The average carbon-stock approach for small-scale CDM AR projects

    Garcia Quijano, J.F.; Muys, B. [Katholieke Universiteit Leuven, Laboratory for Forest, Nature and Landscape Research, Leuven (Belgium); Schlamadinger, B. [Joanneum Research Forschungsgesellschaft mbH, Institute for Energy Research, Graz (Austria); Emmer, I. [Face Foundation, Arnhem (Netherlands); Somogyi, Z. [Forest Research Institute, Budapest (Hungary); Bird, D.N. [Woodrising Consulting Inc., Belfountain, Ontario (Canada)

    2004-06-15

    In many afforestation and reforestation (AR) projects harvesting with stand regeneration forms an integral part of the silvicultural system and satisfies local timber and/or fuelwood demand. Especially clear-cut harvesting will lead to an abrupt and significant reduction of carbon stocks. The smaller the project, the more significant the fluctuations of the carbon stocks may be. In the extreme case a small-scale project could consist of a single forest stand. In such case, all accounted carbon may be removed during a harvesting operation and the time-path of carbon stocks will typically look as in the hypothetical example presented in the report. For the aggregate of many such small-scale projects there will be a constant benefit to the atmosphere during the projects, due to averaging effects.

  10. Graph-cut based discrete-valued image reconstruction.

    Tuysuzoglu, Ahmet; Karl, W Clem; Stojanovic, Ivana; Castañòn, David; Ünlü, M Selim

    2015-05-01

    Efficient graph-cut methods have been used with great success for labeling and denoising problems occurring in computer vision. Unfortunately, the presence of linear image mappings has prevented the use of these techniques in most discrete-amplitude image reconstruction problems. In this paper, we develop a graph-cut based framework for the direct solution of discrete amplitude linear image reconstruction problems cast as regularized energy function minimizations. We first analyze the structure of discrete linear inverse problem cost functions to show that the obstacle to the application of graph-cut methods to their solution is the variable mixing caused by the presence of the linear sensing operator. We then propose to use a surrogate energy functional that overcomes the challenges imposed by the sensing operator yet can be utilized efficiently in existing graph-cut frameworks. We use this surrogate energy functional to devise a monotonic iterative algorithm for the solution of discrete valued inverse problems. We first provide experiments using local convolutional operators and show the robustness of the proposed technique to noise and stability to changes in regularization parameter. Then we focus on nonlocal, tomographic examples where we consider limited-angle data problems. We compare our technique with state-of-the-art discrete and continuous image reconstruction techniques. Experiments show that the proposed method outperforms state-of-the-art techniques in challenging scenarios involving discrete valued unknowns.

  11. Does Employee Stock Ownership Work?

    Kato, Takao; Miyajima, Hideaki; Owan, Hideo

    studies, we focus on the effects of changes in varying attributes of existing ESO—the effects on the intensive margin. Our fixed effect estimates show that an increase in the strength of the existing ESO plans measured by stake per employee results in statistically significant productivity gains....... Furthermore, such productivity gains are found to lead to profitability gains since wage gains from ESO plans are statistically significant yet rather modest. Our analysis of Tobin's Q suggests that the market tends to view such gains from ESO plans as permanent. We further find that increasing the stake......This paper provides novel evidence on the effects of employee stock ownership (ESO), using new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more than 75% of all firms listed on Tokyo Stock Exchange) over 1989-2013. Unlike most prior...

  12. Development of contaminated concrete removing system 'Clean cut method'

    Kinoshita, Takehiko; Tanaka, Tsutomu; Funakawa, Naoyoshi; Idemura, Hajime; Sakashita, Fumio; Tajitsu, Yoshiteru

    1989-01-01

    In the case of decommissioning nuclear facilities such as nuclear power stations, nuclear fuel facilities and RI handling facilities and carrying out reconstruction works, if there is radioactive contamination on the surfaces of concrete structures such as the floors and walls of the buildings for nuclear facilities, it must be removed. Since concrete is porous, contamination infiltrates into the inside of concrete, and the wiping of surfaces only or chemical decontamination cannot remove it, therefore in most cases, contaminated concrete must be removed. The removal of concrete surfaces has been carried out with chipping hammers, grinders and so on, but many problems arise due to it. In order to solve these problems, the mechanical cutting method was newly devised, and clean cut method (CCRS) was completed. The depth of cutting from concrete surface is set beforehand, and the part to be removed is accurately cut, at the same time, the concrete powder generated is collected nearly perfectly, and recovered into a drum. The outline of the method and the constitution of the system, the features of the clean cut method, the development of the technology for cutting concrete and the technology for recovering concrete powder, and the test of verifying decontamination are reported. (K.I.)

  13. BACFIRE, Minimal Cut Sets Common Cause Failure Fault Tree Analysis

    Fussell, J.B.

    1983-01-01

    1 - Description of problem or function: BACFIRE, designed to aid in common cause failure analysis, searches among the basic events of a minimal cut set of the system logic model for common potential causes of failure. The potential cause of failure is called a qualitative failure characteristics. The algorithm searches qualitative failure characteristics (that are part of the program input) of the basic events contained in a set to find those characteristics common to all basic events. This search is repeated for all cut sets input to the program. Common cause failure analysis is thereby performed without inclusion of secondary failure in the system logic model. By using BACFIRE, a common cause failure analysis can be added to an existing system safety and reliability analysis. 2 - Method of solution: BACFIRE searches the qualitative failure characteristics of the basic events contained in the fault tree minimal cut set to find those characteristics common to all basic events by either of two criteria. The first criterion can be met if all the basic events in a minimal cut set are associated by a condition which alone may increase the probability of multiple component malfunction. The second criterion is met if all the basic events in a minimal cut set are susceptible to the same secondary failure cause and are located in the same domain for that cause of secondary failure. 3 - Restrictions on the complexity of the problem - Maxima of: 1001 secondary failure maps, 101 basic events, 10 cut sets

  14. Statistical modelling of fish stocks

    Kvist, Trine

    1999-01-01

    for modelling the dynamics of a fish population is suggested. A new approach is introduced to analyse the sources of variation in age composition data, which is one of the most important sources of information in the cohort based models for estimation of stock abundancies and mortalities. The approach combines...... and it is argued that an approach utilising stochastic differential equations might be advantagous in fish stoch assessments....

  15. Is the stock market efficient?

    Malkiel, B G

    1989-03-10

    A stock market is said to be efficient if it accurately reflects all relevant information in determining security prices. Critics have asserted that share prices are far too volatile to be explained by changes in objective economic events-the October 1987 crash being a case in point. Although the evidence is not unambiguous, reports of the death of the efficient market hypothesis appear premature.

  16. Cutting Through False Dualisms

    Robert K. Beshara

    2017-04-01

    Full Text Available In this article, I will use the two truths doctrine from Buddhism to explicate transformative social change as a transmodern moral framework for critical psychological research. The two truths doctrine, a teaching from the Madhyamaka, or Middle Way, school of Mahāyāna Buddhism founded by Nāgārjuna, nondualistically collapses the ontology of transformation (absolute truth and the epistemology of social change (relative truth in the name of soteriology. At their core, dualistic problems and reductionist solutions are based upon the reification of concepts, which can result in devastating effects, such as the objectification (and oppression of research participants—not mentioning moral relativism. This article attempts to offer a transmodern moral framework for qualitative and theoretical researchers in critical psychology outside the confines of the modern–postmodern debate.

  17. Twice cutting method reduces tibial cutting error in unicompartmental knee arthroplasty.

    Inui, Hiroshi; Taketomi, Shuji; Yamagami, Ryota; Sanada, Takaki; Tanaka, Sakae

    2016-01-01

    Bone cutting error can be one of the causes of malalignment in unicompartmental knee arthroplasty (UKA). The amount of cutting error in total knee arthroplasty has been reported. However, none have investigated cutting error in UKA. The purpose of this study was to reveal the amount of cutting error in UKA when open cutting guide was used and clarify whether cutting the tibia horizontally twice using the same cutting guide reduced the cutting errors in UKA. We measured the alignment of the tibial cutting guides, the first-cut cutting surfaces and the second cut cutting surfaces using the navigation system in 50 UKAs. Cutting error was defined as the angular difference between the cutting guide and cutting surface. The mean absolute first-cut cutting error was 1.9° (1.1° varus) in the coronal plane and 1.1° (0.6° anterior slope) in the sagittal plane, whereas the mean absolute second-cut cutting error was 1.1° (0.6° varus) in the coronal plane and 1.1° (0.4° anterior slope) in the sagittal plane. Cutting the tibia horizontally twice reduced the cutting errors in the coronal plane significantly (Pcutting the tibia horizontally twice using the same cutting guide reduced cutting error in the coronal plane. Copyright © 2014 Elsevier B.V. All rights reserved.

  18. Kolkata Restaurant Problem as a Generalised El Farol Bar Problem

    Chakrabarti, Bikas K.

    Generalisation of the El Farol bar problem to that of many bars here leads to the Kolkata restaurant problem, where the decision to go to any restaurant or not is much simpler (depending on the previous experience of course, as in the El Farol bar problem). This generalised problem can be exactly analysed in some limiting cases discussed here. The fluctuation in the restaurant service can be shown to have precisely an inverse cubic behavior, as widely seen in the stock market fluctuations.

  19. Tick size and stock returns

    Onnela, Jukka-Pekka; Töyli, Juuso; Kaski, Kimmo

    2009-02-01

    Tick size is an important aspect of the micro-structural level organization of financial markets. It is the smallest institutionally allowed price increment, has a direct bearing on the bid-ask spread, influences the strategy of trading order placement in electronic markets, affects the price formation mechanism, and appears to be related to the long-term memory of volatility clustering. In this paper we investigate the impact of tick size on stock returns. We start with a simple simulation to demonstrate how continuous returns become distorted after confining the price to a discrete grid governed by the tick size. We then move on to a novel experimental set-up that combines decimalization pilot programs and cross-listed stocks in New York and Toronto. This allows us to observe a set of stocks traded simultaneously under two different ticks while holding all security-specific characteristics fixed. We then study the normality of the return distributions and carry out fits to the chosen distribution models. Our empirical findings are somewhat mixed and in some cases appear to challenge the simulation results.

  20. Strategic partnerships, alliances used to find ways to cut costs

    Bruce, G.; Shermer, R.

    1993-01-01

    In a commoditized industry like oil and gas, building a sustainable source of competitive advantage is difficult at best. By and large, oil and gas companies are packed in a footrace to cut costs, increase efficiency, and gain market share. It is such a tight race that virtually every contender has reorganized, right-sized, and rationalized to the point that their cost-cutting programs have themselves become a commodity. Facing this problem, many firms are turning to strategic partnership and alliances to find new, more-permanent ways to cut costs. Partnerships and alliances offer many new avenues for cutting costs and significant advantages over more traditional approaches. Those firms that take advantage of these opportunities by bundling operations in new ways to create new organizations will be the industry leaders in years to come

  1. REQUIREMENTS FOR DRILLING CUTTINGS AND EARTH-BASED BUILDING MATERIALS

    Chertes Konstantin L'vovich

    2017-08-01

    Full Text Available In this article, the problem of utilization of drilling cuttings by means of scavenging, is researched. The product received could be used for the restoration of lands disturbed during construction and economic activities. When assessing technogenic formations, the binary approach was used, as a system of two components. The purpose of the study is to assess the state and possibility of utilizing drilling cuttings as raw materials in order to produce technogenic building materials; to study the effect of the degree of homogeneity of initial mixtures based on drilling cuttings, on kinetics of their hardening which leads to obtaining final products for various applications . As a result of research, relations of hardening and subsequent strengthening of slurry-cement mixtures were obtained; the plan of the process area for treatment of drilling cuttings is presented on the spot of demolished drilling pit.

  2. ℓ(p)-Norm multikernel learning approach for stock market price forecasting.

    Shao, Xigao; Wu, Kun; Liao, Bifeng

    2012-01-01

    Linear multiple kernel learning model has been used for predicting financial time series. However, ℓ(1)-norm multiple support vector regression is rarely observed to outperform trivial baselines in practical applications. To allow for robust kernel mixtures that generalize well, we adopt ℓ(p)-norm multiple kernel support vector regression (1 ≤ p stock price prediction model. The optimization problem is decomposed into smaller subproblems, and the interleaved optimization strategy is employed to solve the regression model. The model is evaluated on forecasting the daily stock closing prices of Shanghai Stock Index in China. Experimental results show that our proposed model performs better than ℓ(1)-norm multiple support vector regression model.

  3. Word of Mouth : An Agent-based Approach to Predictability of Stock Prices

    Shimokawa, Tetsuya; Misawa, Tadanobu; Watanabe, Kyoko

    This paper addresses how communication processes among investors affect stock prices formation, especially emerging predictability of stock prices, in financial markets. An agent based model, called the word of mouth model, is introduced for analyzing the problem. This model provides a simple, but sufficiently versatile, description of informational diffusion process and is successful in making lucidly explanation for the predictability of small sized stocks, which is a stylized fact in financial markets but difficult to resolve by traditional models. Our model also provides a rigorous examination of the under reaction hypothesis to informational shocks.

  4. Remedial measures for improving the quality of raw stock for leather processing

    Khan, M.S.; Ahmed, N.; Hasny, S.I.

    2007-01-01

    Leather is an important international commodity of commerce. It plays a vital the country. The raw stock, namely cow, buffalo, goat and sheep skins, are important sources for producing varieties of leather articles, such as shoe uppers, leather garments, bag leather articles, such as, shoe uppers, leather garments, bag leather, sole leather, gloves, belts, upholstery. The quality of raw stock is good in Pakistan but it is damaged due to mishandling during slaughtering and in the later stages, which is actually a heavy economic loss. The main complaint of the tanning industry is that locally available hides are full of butcher cuts. They also leave too much fleshy tissues. The flesh can be removed later, but the cuts, particularly the deep cuts because of holes as a result of improper flaying are irrepairable and permanent. A number of pre and post-mortem defects (during animal life and after slaughter) are visible on hides and skins. These defects, particularly on grain side, reduce the value of the leather. Aniline leather cannot be produced from such raw stock. (author)

  5. The cutting of cocaine and heroin: A critical review.

    Broséus, Julian; Gentile, Natacha; Esseiva, Pierre

    2016-05-01

    The illicit drug cutting represents a complex problem that requires the sharing of knowledge from addiction studies, toxicology, criminology and criminalistics. Therefore, cutting is not well known by the forensic community. Thus, this review aims at deciphering the different aspects of cutting, by gathering information mainly from criminology and criminalistics. It tackles essentially specificities of cocaine and heroin cutting. The article presents the detected cutting agents (adulterants and diluents), their evolution in time and space and the analytical methodology implemented by forensic laboratories. Furthermore, it discusses when, in the history of the illicit drug, cutting may take place. Moreover, researches studying how much cutting occurs in the country of destination are analysed. Lastly, the reasons for cutting are addressed. According to the literature, adulterants are added during production of the illicit drug or at a relatively high level of its distribution chain (e.g. before the product arrives in the country of destination or just after its importation in the latter). Their addition seems hardly justified by the only desire to increase profits or to harm consumers' health. Instead, adulteration would be performed to enhance or to mimic the illicit drug effects or to facilitate administration of the drug. Nowadays, caffeine, diltiazem, hydroxyzine, levamisole, lidocaïne and phenacetin are frequently detected in cocaine specimens, while paracetamol and caffeine are almost exclusively identified in heroin specimens. This may reveal differences in the respective structures of production and/or distribution of cocaine and heroin. As the relevant information about cutting is spread across different scientific fields, a close collaboration should be set up to collect essential and unified data to improve knowledge and provide information for monitoring, control and harm reduction purposes. More research, on several areas of investigation, should be

  6. Research of a smart cutting tool based on MEMS strain gauge

    Zhao, Y.; Zhao, Y. L.; Shao, YW; Hu, T. J.; Zhang, Q.; Ge, X. H.

    2018-03-01

    Cutting force is an important factor that affects machining accuracy, cutting vibration and tool wear. Machining condition monitoring by cutting force measurement is a key technology for intelligent manufacture. Current cutting force sensors exist problems of large volume, complex structure and poor compatibility in practical application, for these problems, a smart cutting tool is proposed in this paper for cutting force measurement. Commercial MEMS (Micro-Electro-Mechanical System) strain gauges with high sensitivity and small size are adopted as transducing element of the smart tool, and a structure optimized cutting tool is fabricated for MEMS strain gauge bonding. Static calibration results show that the developed smart cutting tool is able to measure cutting forces in both X and Y directions, and the cross-interference error is within 3%. Its general accuracy is 3.35% and 3.27% in X and Y directions, and sensitivity is 0.1 mV/N, which is very suitable for measuring small cutting forces in high speed and precision machining. The smart cutting tool is portable and reliable for practical application in CNC machine tool.

  7. Present and future of cutting equipment; Setsudan kiki no genjo to tenbo

    Nakagawa, K. [Koike Sanso Kogyo Co. Ltd., Tokyo (Japan)

    1998-04-01

    This paper describes thermal cutting equipment. Thermal cutting equipment is classified into gas, plasma and laser cutting equipment. Based on the level of automation, the gas cutting equipment has been developed in the order of manual, automatic, eye-tracer, and NC cutters. For recent eye-tracer, paper pattern is inputted in a computer and repeatedly traced. For NC cutting equipment, automatic gas flow rate setting device and sensor for tracing nozzle height are installed. Oxygen plasma cutter is used for cutting soft steel materials. Simplified systems with current below 100 A are mainly used. High-speed cutting is conducted by NC control. Problems of life-time of electrode tips, load of workers, cutting performance, and penetration at corners have been solved. For laser cutter, NC control is also adopted. Since there are no short life-time consumables and conditions can be automatically set, the laser cutter has been put into practice as unmanned equipment. Problems of cutting speed and processing speed have been solved. Gas cutting with multi-blowpipes and unmanned operation of laser cutting are most useful for reducing the cost. 2 figs., 3 tabs.

  8. Strategic Planning for the National Bridge Stock of Iran

    Ali Sahrapeyma

    2013-06-01

    Full Text Available The National Bridge Stock of Iran consists of about 330,000 bridges, of which around 50% are older than 30 years. Since 2010, Iran Road Maintenance & Transportation Organization has started implementing a comprehensive Bridge Management System in order to manage this aged stock efficiently. To predict future conditions of bridge stock, a heuristic numerical method is presented. This methodology is based on Markovian process to model deterioration of bridge decks and a multi-objective optimization problem to find the best solutions. The optimization problem involves three decision variables regarding management strategies, and has three objectives regarding cost minimization. Constraints of the problem are the percentage of deficient bridges, the percentage of bridges under MR&Rs (Maintenance, Repair and Rehabilitation and the average value of condition scores. The results show that to avoid future challenges, the annual budget for bridge maintenance should be increased, the current maintenance strategy should be improved as soon as possible, and national manuals and instructions for inspection, condition rating and maintenance should be developed.

  9. The past and future of food stocks

    Laio, Francesco; Ridolfi, Luca; D’Odorico, Paolo

    2016-01-01

    Human societies rely on food reserves and the importation of agricultural goods as means to cope with crop failures and associated food shortage. While food trade has been the subject of intensive investigations in recent years, food reserves remain poorly quantified. It is unclear how food stocks are changing and whether they are declining. In this study we use food stock records for 92 products to reconstruct 50 years of aggregated food reserves, expressed in caloric equivalent (kcal), at the regional and global scales. A detailed statistical analysis demonstrates that the overall regional and global per-capita food stocks are stationary, challenging a widespread impression that food reserves are shrinking. We develop a statistically-sound stochastic representation of stock dynamics and take the stock-halving probability as a measure of the natural variability of the process. We find that there is a 20% probability that the global per-capita stocks will be halved by 2050. There are, however, some strong regional differences: Western Europe and the region encompassing North Africa and the Middle East have smaller halving probabilities and smaller per-capita stocks, while North America and Oceania have greater halving probabilities and greater per-capita stocks than the global average. Africa exhibits low per-capita stocks and relatively high probability of stock halving by 2050, which reflects a state of higher food insecurity in this continent. (letter)

  10. Bernoulli Variational Problem and Beyond

    Lorz, Alexander; Markowich, Peter A.; Perthame, Benoî t

    2013-01-01

    The question of 'cutting the tail' of the solution of an elliptic equation arises naturally in several contexts and leads to a singular perturbation problem under the form of a strong cut-off. We consider both the PDE with a drift and the symmetric

  11. Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange

    Tajus Subqi

    2016-08-01

    Full Text Available This research had analyzed the effect of financial performance and stock beta (systematic risk towards stock price of eight listed companies in Jakarta Islamic Index (JII – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.   Keywords: financial performance analysis, stock price, stock beta (systematic risk, Jakarta Islamic Index

  12. Otolith shape and size: The importance of age when determining indices for fish-stock separation

    Mapp, James; Hunter, Ewan; Van Der Kooij, Jeroen; Songer, Sally; Fisher, Mark

    2017-01-01

    Stock-separation of highly mobile Clupeids (sprat – Sprattus sprattus and herring – Clupea harengus) using otolith morphometrics was explored. Analysis focused on three stock discrimination problems with the aim of reassigning individual otoliths to source populations using experiments undertaken using a machine learning environment known as \\{WEKA\\} (Waikato Environment for Knowledge Analysis). Six feature sets encoding combinations of size and shape together with nine learning algorithms we...

  13. The synchronicity between the stock and the stock index via information in market

    Gao, Hai-Ling; Li, Jiang-Cheng; Guo, Wei; Mei, Dong-Cheng

    2018-02-01

    The synchronicity between the stock and the stock-index in a market system is investigated. The results show that: (i) the synchronicity between the stock and the stock-index increases with the rising degree of market information capitalized into stock prices in certain range; (ii) the synchronicity decreases for large firm-specific information; (iii) the stock return synchronicity is small compared to the big noise trading, however the variance noise facilitates the synchronization within the tailored realms. These findings may be helpful in understanding the effect of market information on synchronicity, especially for the response of firm-specific information and noise trading to synchronicity.

  14. EPICORMIC SHOOTS INDUCTION AND ROOTING CUTTINGS OF Calophyllum brasiliense

    Dagma Kratz

    2016-12-01

    Full Text Available Calophyllum brasiliense is present in a wide natural distribution range in Brazil and its monopodial growth, with a rectilinear stem and a moderately dense timber has attracted the attention from the logging industry in recent decades. In the meantime, the lack of efficient rescue and vegetative propagation methods of adult plants has been a narrowing condition for the selection of superior genotypes in breeding programs of the species. Therefore, we evaluate epicormic shoots induction methods and the rooting cuttings of 14 year-old Calophyllum brasiliense trees. From this scope, three methods of epicormic shoots induction were evaluated: coppicing, girdling and partial girdling. We evaluate the number of produced sprouts and the percentage of sprouted trees at 06, 12 and 15 months’ after the experiment installation. Results have indicated the feasibility of Calophyllum brasiliense vegetative rescue by cuttings method using epicormic shoots induced by coppicing and girdling. In contrast, partial girdling was not effective in epicormic shoots emission. Concerning adventitious roots, the sprouting technique had no influence in the rooting of cuttings, showing variation among the different stock plants.

  15. The Australian stock market development: Prospects and challenges

    Sheilla Nyasha; Nicholas M. Odhiambo

    2013-01-01

    This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these r...

  16. Analysis of Right Issue Announcement Effect toward Stock Price Movement and Stock Trading Volume within Issuer in Indonesia Stock Exchange

    Wilson Yaputra Yakup

    2016-05-01

    Full Text Available The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well as the correlation between volume of trading activity before the right issue and after that event. The objects of the study are the companies listed on Indonesia Stock Exchange (JSX. The hypothesis stated that right issues have a significant effect on stock price on companies listed on the JSX, rights issues have a significant effect on the stock trading volume on companies listed on the JSX, there is a significant correlation between stock price before and after the rights issue on companies listed in JSX, there is a significant correlation between volume of the stock trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume activity (TVA on companies listed in JSX.

  17. Prediction of Cutting Force in Turning Process-an Experimental Approach

    Thangarasu, S. K.; Shankar, S.; Thomas, A. Tony; Sridhar, G.

    2018-02-01

    This Paper deals with a prediction of Cutting forces in a turning process. The turning process with advanced cutting tool has a several advantages over grinding such as short cycle time, process flexibility, compatible surface roughness, high material removal rate and less environment problems without the use of cutting fluid. In this a full bridge dynamometer has been used to measure the cutting forces over mild steel work piece and cemented carbide insert tool for different combination of cutting speed, feed rate and depth of cut. The experiments are planned based on taguchi design and measured cutting forces were compared with the predicted forces in order to validate the feasibility of the proposed design. The percentage contribution of each process parameter had been analyzed using Analysis of Variance (ANOVA). Both the experimental results taken from the lathe tool dynamometer and the designed full bridge dynamometer were analyzed using Taguchi design of experiment and Analysis of Variance.

  18. The illogicality of stock-brokers: psychological experiments on the effects of prior knowledge and belief biases on logical reasoning in stock trading.

    Knauff, Markus; Budeck, Claudia; Wolf, Ann G; Hamburger, Kai

    2010-10-18

    Explanations for the current worldwide financial crisis are primarily provided by economists and politicians. However, in the present work we focus on the psychological-cognitive factors that most likely affect the thinking of people on the economic stage and thus might also have had an effect on the progression of the crises. One of these factors might be the effect of prior beliefs on reasoning and decision-making. So far, this question has been explored only to a limited extent. We report two experiments on logical reasoning competences of nineteen stock-brokers with long-lasting vocational experiences at the stock market. The premises of reasoning problems concerned stock trading and the experiments varied whether or not their conclusions--a proposition which is reached after considering the premises--agreed with the brokers' prior beliefs. Half of the problems had a conclusion that was highly plausible for stock-brokers while the other half had a highly implausible conclusion. The data show a strong belief bias. Stock-brokers were strongly biased by their prior knowledge. Lowest performance was found for inferences in which the problems caused a conflict between logical validity and the experts' belief. In these cases, the stock-brokers tended to make logically invalid inferences rather than give up their existing beliefs. Our findings support the thesis that cognitive factors have an effect on the decision-making on the financial market. In the present study, stock-brokers were guided more by past experience and existing beliefs than by logical thinking and rational decision-making. They had difficulties to disengage themselves from vastly anchored thinking patterns. However, we believe, that it is wrong to accuse the brokers for their "malfunctions", because such hard-wired cognitive principles are difficult to suppress even if the person is aware of them.

  19. The illogicality of stock-brokers: psychological experiments on the effects of prior knowledge and belief biases on logical reasoning in stock trading.

    Markus Knauff

    Full Text Available BACKGROUND: Explanations for the current worldwide financial crisis are primarily provided by economists and politicians. However, in the present work we focus on the psychological-cognitive factors that most likely affect the thinking of people on the economic stage and thus might also have had an effect on the progression of the crises. One of these factors might be the effect of prior beliefs on reasoning and decision-making. So far, this question has been explored only to a limited extent. METHODS: We report two experiments on logical reasoning competences of nineteen stock-brokers with long-lasting vocational experiences at the stock market. The premises of reasoning problems concerned stock trading and the experiments varied whether or not their conclusions--a proposition which is reached after considering the premises--agreed with the brokers' prior beliefs. Half of the problems had a conclusion that was highly plausible for stock-brokers while the other half had a highly implausible conclusion. RESULTS: The data show a strong belief bias. Stock-brokers were strongly biased by their prior knowledge. Lowest performance was found for inferences in which the problems caused a conflict between logical validity and the experts' belief. In these cases, the stock-brokers tended to make logically invalid inferences rather than give up their existing beliefs. CONCLUSIONS: Our findings support the thesis that cognitive factors have an effect on the decision-making on the financial market. In the present study, stock-brokers were guided more by past experience and existing beliefs than by logical thinking and rational decision-making. They had difficulties to disengage themselves from vastly anchored thinking patterns. However, we believe, that it is wrong to accuse the brokers for their "malfunctions", because such hard-wired cognitive principles are difficult to suppress even if the person is aware of them.

  20. Document segmentation via oblique cuts

    Svendsen, Jeremy; Branzan-Albu, Alexandra

    2013-01-01

    This paper presents a novel solution for the layout segmentation of graphical elements in Business Intelligence documents. We propose a generalization of the recursive X-Y cut algorithm, which allows for cutting along arbitrary oblique directions. An intermediate processing step consisting of line and solid region removal is also necessary due to presence of decorative elements. The output of the proposed segmentation is a hierarchical structure which allows for the identification of primitives in pie and bar charts. The algorithm was tested on a database composed of charts from business documents. Results are very promising.

  1. Correlation methods in cutting arcs

    Prevosto, L; Kelly, H, E-mail: prevosto@waycom.com.ar [Grupo de Descargas Electricas, Departamento Ing. Electromecanica, Universidad Tecnologica Nacional, Regional Venado Tuerto, Laprida 651, Venado Tuerto (2600), Santa Fe (Argentina)

    2011-05-01

    The present work applies similarity theory to the plasma emanating from transferred arc, gas-vortex stabilized plasma cutting torches, to analyze the existing correlation between the arc temperature and the physical parameters of such torches. It has been found that the enthalpy number significantly influence the temperature of the electric arc. The obtained correlation shows an average deviation of 3% from the temperature data points. Such correlation can be used, for instance, to predict changes in the peak value of the arc temperature at the nozzle exit of a geometrically similar cutting torch due to changes in its operation parameters.

  2. Correlation methods in cutting arcs

    Prevosto, L; Kelly, H

    2011-01-01

    The present work applies similarity theory to the plasma emanating from transferred arc, gas-vortex stabilized plasma cutting torches, to analyze the existing correlation between the arc temperature and the physical parameters of such torches. It has been found that the enthalpy number significantly influence the temperature of the electric arc. The obtained correlation shows an average deviation of 3% from the temperature data points. Such correlation can be used, for instance, to predict changes in the peak value of the arc temperature at the nozzle exit of a geometrically similar cutting torch due to changes in its operation parameters.

  3. Long Memory in the Greek Stock Market

    John T. Barkoulas; Christopher F. Baum; Nickolaos Travlos

    1996-01-01

    We test for stochastic long memory in the Greek stock market, an emerging capital market. The fractional differencing parameter is estimated using the spectral regression method. Contrary to findings for major capital markets, significant and robust evidence of positive long-term persistence is found in the Greek stock market. As compared to benchmark linear models, the estimated fractional models provide improved out-of-sample forecasting accuracy for the Greek stock returns series over long...

  4. Looking Back on the Stock Market

    2007-01-01

    @@ Looking back at the ups and downs of China's stock market in 2007,it is clear that it has developed far beyond people's expectation. While the stock index constantly reaches new highs and the size of the market becomes larger and larger, the Chinese financial market has also reintegrated. A multi-level revolution occurred in 2007, involving changes in stock structure, the variety of core composition, chip cost of the capital market, investor makeup, as well as trade rules and operational methods.

  5. Combining Stocks and Flows of Knowledge

    Ambos, Tina C.; Nell, Phillip Christopher; Pedersen, Torben

    2013-01-01

    While previous research has mostly focused on either knowledge stocks or knowledge flows, our study is among the first to integrate these perspectives in order to shed light on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC...... of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross-functional combinations....

  6. Stock returns and foreign investment in Brazil

    Reis, Luciana; Meurer, Roberto; Da Silva, Sergio

    2008-01-01

    We examine the relationship between stock returns and foreign investment in Brazil, and find that the inflows of foreign investment boosted the returns from 1995 to 2005. There was a strong contemporaneous correlation, although not Granger-causality. Foreign investment along with the exchange rate, the influence of the world stock markets, and country risk can explain 73 percent of the changes that occurred in the stock returns over the period. We also find that positive feedback trading play...

  7. Macroeconomic Forces and Stock Returns in Vietnam

    Phan, Van Hang

    2008-01-01

    Capital market development, especially the appearance of Vietnamese equity market recently has a strategic importance in the economic growth and structural reform process of Vietnam (Chun et al, 2003). This dissertation focuses on the impacts of macroeconomic forces on stock market returns in Vietnamese stock market which has not been investigated in detail before, and thereby to contribute further literature on this new emerging stock market. Specifically, the research will intensively inves...

  8. A new Loan-Stock Financial Instrument

    Morozovsky, Alexander; Narasimhan, Rajan; Kholodenko, Yuri

    2000-01-01

    A new financial instrument (a new kind of a loan) is introduced. The loan-stock instrument (LSI) combines fixed rate instruments (loans, etc.) with other financial instruments that have higher volatilities and returns (stocks, mutual funds, currencies, derivatives, options, etc.). This new loan depends on the value of underlying security (for example, stock) in such a way that when underlying security increases, the value of loan decreases and backwards. The procedure to create a risk free po...

  9. Cutting temperature measurement and material machinability

    Nedić Bogdan P.

    2014-01-01

    Full Text Available Cutting temperature is very important parameter of cutting process. Around 90% of heat generated during cutting process is then away by sawdust, and the rest is transferred to the tool and workpiece. In this research cutting temperature was measured with artificial thermocouples and question of investigation of metal machinability from aspect of cutting temperature was analyzed. For investigation of material machinability during turning artificial thermocouple was placed just below the cutting top of insert, and for drilling thermocouples were placed through screw holes on the face surface. In this way was obtained simple, reliable, economic and accurate method for investigation of cutting machinability.

  10. Stresses in ultrasonically assisted bone cutting

    Alam, K; Mitrofanov, A V; Silberschmidt, V V; Baeker, M

    2009-01-01

    Bone cutting is a frequently used procedure in the orthopaedic surgery. Modern cutting techniques, such as ultrasonic assisted drilling, enable surgeons to perform precision operations in facial and spinal surgeries. Advanced understanding of the mechanics of bone cutting assisted by ultrasonic vibration is required to minimise bone fractures and to optimise the technique performance. The paper presents results of finite element simulations on ultrasonic and conventional bone cutting analysing the effects of ultrasonic vibration on cutting forces and stress distribution. The developed model is used to study the effects of cutting and vibration parameters (e.g. amplitude and frequency) on the stress distributions in the cutting region.

  11. Random matrix approach to the dynamics of stock inventory variations

    Zhou Weixing; Mu Guohua; Kertész, János

    2012-01-01

    It is well accepted that investors can be classified into groups owing to distinct trading strategies, which forms the basic assumption of many agent-based models for financial markets when agents are not zero-intelligent. However, empirical tests of these assumptions are still very rare due to the lack of order flow data. Here we adopt the order flow data of Chinese stocks to tackle this problem by investigating the dynamics of inventory variations for individual and institutional investors that contain rich information about the trading behavior of investors and have a crucial influence on price fluctuations. We find that the distributions of cross-correlation coefficient C ij have power-law forms in the bulk that are followed by exponential tails, and there are more positive coefficients than negative ones. In addition, it is more likely that two individuals or two institutions have a stronger inventory variation correlation than one individual and one institution. We find that the largest and the second largest eigenvalues (λ 1 and λ 2 ) of the correlation matrix cannot be explained by random matrix theory and the projections of investors' inventory variations on the first eigenvector u(λ 1 ) are linearly correlated with stock returns, where individual investors play a dominating role. The investors are classified into three categories based on the cross-correlation coefficients C VR between inventory variations and stock returns. A strong Granger causality is unveiled from stock returns to inventory variations, which means that a large proportion of individuals hold the reversing trading strategy and a small part of individuals hold the trending strategy. Our empirical findings have scientific significance in the understanding of investors' trading behavior and in the construction of agent-based models for emerging stock markets. (paper)

  12. Random matrix approach to the dynamics of stock inventory variations

    Zhou, Wei-Xing; Mu, Guo-Hua; Kertész, János

    2012-09-01

    It is well accepted that investors can be classified into groups owing to distinct trading strategies, which forms the basic assumption of many agent-based models for financial markets when agents are not zero-intelligent. However, empirical tests of these assumptions are still very rare due to the lack of order flow data. Here we adopt the order flow data of Chinese stocks to tackle this problem by investigating the dynamics of inventory variations for individual and institutional investors that contain rich information about the trading behavior of investors and have a crucial influence on price fluctuations. We find that the distributions of cross-correlation coefficient Cij have power-law forms in the bulk that are followed by exponential tails, and there are more positive coefficients than negative ones. In addition, it is more likely that two individuals or two institutions have a stronger inventory variation correlation than one individual and one institution. We find that the largest and the second largest eigenvalues (λ1 and λ2) of the correlation matrix cannot be explained by random matrix theory and the projections of investors' inventory variations on the first eigenvector u(λ1) are linearly correlated with stock returns, where individual investors play a dominating role. The investors are classified into three categories based on the cross-correlation coefficients CV R between inventory variations and stock returns. A strong Granger causality is unveiled from stock returns to inventory variations, which means that a large proportion of individuals hold the reversing trading strategy and a small part of individuals hold the trending strategy. Our empirical findings have scientific significance in the understanding of investors' trading behavior and in the construction of agent-based models for emerging stock markets.

  13. Elements of stock market analysis

    Suciu, T.

    2013-12-01

    Full Text Available The paper represents a starting point in the presentation of the two types of stock/market analysis: the fundamental analysis and the technical analysis. The fundamental analysis consist in the assessment of the financial and economic status of the company together with the context and macroeconomic environment where it activates. The technical analysis deals with the demand and supply of securities and the evolution of their trend on the market, using a range of graphics and charts to illustrate the market tendencies for the quick identification of the best moments to buy or sell.

  14. Effects of daylight-saving time changes on stock market returns and stock market volatility: rebuttal.

    Kamstra, Mark J; Kramer, Lisa A; Levi, Maurice D

    2013-02-01

    In a 2011 reply to our 2010 comment in this journal, Berument and Dogen maintained their challenge to the existence of the negative daylight-saving effect in stock returns reported by Kamstra, Kramer, and Levi in 2000. Unfortunately, in their reply, Berument and Dogen ignored all of the points raised in the comment, failing even to cite the Kamstra, et al. comment. Berument and Dogen continued to use inappropriate estimation techniques, over-parameterized models, and low-power tests and perhaps most surprisingly even failed to replicate results they themselves reported in their previous paper, written by Berument, Dogen, and Onar in 2010. The findings reported by Berument and Dogen, as well as by Berument, Dogen, and Onar, are neither well-supported nor well-reasoned. We maintain our original objections to their analysis, highlight new serious empirical and theoretical problems, and emphasize that there remains statistically significant evidence of an economically large negative daylight-saving effect in U.S. stock returns. The issues raised in this rebuttal extend beyond the daylight-saving effect itself, touching on methodological points that arise more generally when deciding how to model financial returns data.

  15. Cutting system for burnable poison rod

    Shiina, Atsushi; Toyama, Norihide; Koshino, Yasuo; Fujii, Toshio

    1989-01-01

    Burnable poison rods attached to spent fuels are contained in a containing box and transported to a receiving pool. The burnable poison rod-containing box is provisionally situated by the operation to a handling device to a provisional setting rack in a cutting pool and attached to a cutting guide of a cutting device upon cutting. The burnable poison rod is cut only in a cutting pool water and tritium generated upon cutting is dissolved into the cutting pool water. Diffusion of tritium is thus restricted. Further, the cutting pool is isolated by a partition device from the receiving pool during cutting of the burnable poison rod. Accordingly, water in which tritium is dissolved is inhibited from moving to the receiving pool and prevail of tritium contamination can be avoided. (T.M.)

  16. Energy and Environment. Electric power stock exchange

    Fazioli, R.; Antonioli, B.; Beccarello, M.; Da Rin, B.

    2000-01-01

    In this paper are reported the structural characteristics of electric power stock exchange in the processes liberalization of european electric markets. International experience are also considered [it

  17. The Speculative Nature of Stock Market

    Bogdan-Gabriel FILIPESCU

    2011-12-01

    Full Text Available This paper focuses on the speculative nature of the stock market in Romania, emphasizing the basic rules and risks associated with stock transactions. On the one hand, the speculative nature may be considered as a mandatory feature of the stock market, for the purposes of supporting a fair and efficient functioning stock system. On the other hand, the term "speculative" can be also interpreted in a negative direction, i.e. in combination with market manipulation or market abuse. Related to this latter interpretation, the study refers to European legislation on market abuse, accepted market practices and those that constitute market manipulation.

  18. Risk management of stock index futures

    2008-01-01

    The Hong Kong Hang Seng index futures is taken as a study object and a method of empirical analysis is adopted in order to verify the validity of the application of the value-at-risk (VaR) method in the risk measurement of the stock index futures market. The results suggest that under normal market conditions it is feasible to apply the VaR method in the measurement of the market risks of stock index futures. The daily VaR value of the stock index futures provides a foreseeable profit and loss of the stock ...

  19. Material Stock Demographics: Cars in Great Britain.

    Cabrera Serrenho, André; Allwood, Julian M

    2016-03-15

    Recent literature on material flow analysis has been focused on quantitative characterization of past material flows. Fewer analyses exist on past and prospective quantification of stocks of materials in-use. Some of these analyses explore the composition of products' stocks, but a focus on the characterization of material stocks and its relation with service delivery is often neglected. We propose the use of the methods of human demography to characterize material stocks, defined herein as stock demographics, exploring the insights that this approach could provide for the sustainable management of materials. We exemplify an application of stock demographics by characterizing the composition and service delivery of iron, steel, and aluminum stocks of cars in Great Britain, 2002-2012. The results show that in this period the stock has become heavier, it is traveling less, and it is idle for more time. The visualization of material stocks' dynamics demonstrates the pace of product replacement as a function of its usefulness and enables the formulation of policy interventions and the exploration of future trends.

  20. Production constraints and perceived marketing problems of stock ...

    In an endeavour to improve the livestock production and particularly the marketing of livestock in the Northern Communal Areas of Namibia, this study analyses the perception of livestock farmers in this regard. The low off-take percentage is the most serious production constraint, but marketing, although a constraint, is not ...

  1. Managing the Existing Housing Stock: Prospects and Problems,

    1982-02-01

    single persons. Such rehabilitation has occurred in some places [6]. Currently called " gentrification ," it is greeted with mixed emotions by public...ingredient of gentrification during the 1970s was amateur real estate speculation. Although quality-controlled comparisons are difficult, single...city sites. The other side of gentrification is a narrowing of the rental market for lower-income households, especally those with children. From

  2. Warehouse stocking optimization based on dynamic ant colony genetic algorithm

    Xiao, Xiaoxu

    2018-04-01

    In view of the various orders of FAW (First Automotive Works) International Logistics Co., Ltd., the SLP method is used to optimize the layout of the warehousing units in the enterprise, thus the warehouse logistics is optimized and the external processing speed of the order is improved. In addition, the relevant intelligent algorithms for optimizing the stocking route problem are analyzed. The ant colony algorithm and genetic algorithm which have good applicability are emphatically studied. The parameters of ant colony algorithm are optimized by genetic algorithm, which improves the performance of ant colony algorithm. A typical path optimization problem model is taken as an example to prove the effectiveness of parameter optimization.

  3. Stock Market Integration in Africa: The Case of the Johannesburg Stock Exchange and Selected African Countries

    Gail Ncube; Kapingura Forget Mingiri

    2015-01-01

    African stock markets are deemed to be small, segmented and illiquid. Given this back ground, the study utilises monthly data for the period 2000-2008, employing the Johansen and Julius cointegration method to determine the long-run relationship between the five selected African stock markets. Granger causality tests were also conducted to establish if there are any causal links between the stock markets in Africa. The analysis in the study indicates that African stock markets are improving i...

  4. Breeding Cut Roses for Better Keeping Quality: First Steps

    Fanourakis, D.; Carvalho, D.R.A.; Gitonga, V.W.; Heusden, van A.W.; Almeida, D.P.F.; Heuvelink, E.; Carvalho, S.M.P.

    2012-01-01

    Water stress is one of the most common postharvest quality problems, resulting in shorter vase life of cut flowers. Since vase life is a key factor for the consumers’ satisfaction, breeding for better control of water loss is an important goal. In this study, we evaluated the stomatal responses to

  5. Communicating Spending Cuts: Lessons for Australian University Leaders

    Sharrock, Geoff

    2014-01-01

    In 2011 and 2012, two Australian university vice chancellors flagged spending cuts at their institutions to overcome financial problems. In both cases, union and staff opposition led to public protests, intense media scrutiny, delays and retreats. This article compares the two cases to see what lessons may be drawn for university leaders faced…

  6. New developments in laser sintering of diamond cutting disks

    Kovalenko, V.; Golovko, L.; Meijer, J.; Anyakin, M.

    2007-01-01

    The analysis of techniques and problems in the fabrication of cutting tools based on super hard composites results in a solution by the application of lasers. The results of systematic study of diamond composites sintering with laser radiation are discussed. A mathematical modeling of the heat

  7. Seed Production of Cutting Lettuce Varieties: Economical Facets

    Н. В. Лещук

    2011-05-01

    Full Text Available The article highlights current problems of cutting lettuce seed production for all its variants. Research background is provided to the composition of material expenditures for growing of every variant in particular. Economical efficiency of seed production in line with varietal certification requirements has been reproved.

  8. A cutting- plane approach for semi- infinite mathematical programming

    Many situations ranging from industrial to social via economic and environmental problems may be cast into a Semi-infinite mathematical program. In this paper, the cutting-plane approach which lends itself better for standard non-linear programs is exploited with good reasons for grappling with linear, convex and ...

  9. Reproduction following small group cuttings in virgin Douglas-fir.

    Norman P. Worthington

    1953-01-01

    Quick and adequate regeneration of Douglas-fir forests as they are harvested is a major forest management problem in the Puget Sound region. Clear-cutting by staggered settings has not always resulted in adequate regeneration even where no part of the area is more than one-fourth mile from a seed source. Single tree selection, experimented with extensively, has many...

  10. Impact of company performances on the stock price: An empirical analysis on select companies in Serbia

    Milošević-Avdalović Snežana

    2017-01-01

    Full Text Available The global financial crisis of the late 2007 has provoked unprecedented shocks to the world markets and weaken investors' confidence due to the turbulent movements and frequent changes of stock prices. Emerging capital markets suffer from unsatisfactory corporate governance, market manipulation and insider trade problems. In such circumstances, institutional investors, managers, analysts and other market participants are in constant search of the trading strategy that will outperform the market. This research is an instrument for the identification of the main determinants of stock prices on the Belgrade Stock Exchange. The panel data regression analysis includes 42 companies that represent the composition of the BelexLine index for the period from 2010 to 2014. The paper looks at the impact of specific (internal variables of companies, such as company size, return on assets, return on equity, earnings per stock, book value, price-earning ratio, price-to-book ratio and leverage and the stock price of companies that compose the BelexLine index. The results indicate that variables such as the size of the company measured by assets, return on assets, leverage, earnings per stock, book value and price-to-book ratio provide a unique contribution to a statistically significant predictor of stock prices.

  11. ORGANIC CARBON AND CARBON STOCK: RELATIONS WITH PHYSICAL INDICATORS AND SOIL AGGREGATION IN AREAS CULTIVATED WITH SUGAR CANE

    Diego Tolentino de Lima

    2017-08-01

    Full Text Available Soil organic carbon and carbon stock influence, directly or indirectly, most of soil aggregate stability indicators. The objective of this study was to quantify the production of dry biomass (DB, total organic carbon (TOC and carbon stock (CStk in soil, and to evaluate their influence on some indicators of aggregation in an Oxisol at a Cerrado biome in Uberaba-MG, Brazil. The design was completely randomized blocks, in two evaluation periods: three and six cuts, at six depths (0-0.1, 0.1-0.2, 0.2-0.3, 0.3-0.4, 0.4-0.5 and 0.5-0.6 m. It was evaluated: soil density (SD, volumetric humidity (VH, aggregate stability index (AEI, weighted mean diameter (WDA, mean diameter (GDA, index of aggregates with diameter greater than 2 mm (AI and sensitivity index (SI, replicated by 4. The best AEI of the soil and the highest TOC contents were found in the most superficial layers, 0 to 0.2 m, for both cuttings. The greater values of TOC and CStk, occurred at the sixth cut area, where there was a higher amount of DB on soil surface. The higher levels of organic matter did not provide higher AEI in the area of sixth cut, when compared to that of the third cut. The TOC and CStk levels in both areas generally had a positive influence on soil aggregation indicators for both cuts.

  12. 41 CFR 109-27.5003 - Stock control.

    2010-07-01

    ... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Stock control. 109-27... control. (a) Stock control shall be maintained on the basis of stock record accounts of inventories on... property under stock control for greater than 90 days shall be maintained in stock record accounts. ...

  13. The Stock Market Game: A Simulation of Stock Market Trading. Grades 5-8.

    Draze, Dianne

    This guide to a unit on a simulation game about the stock market contains an instructional text and two separate simulations. Through directed lessons and reproducible worksheets, the unit teaches students about business ownership, stock exchanges, benchmarks, commissions, why prices change, the logistics of buying and selling stocks, and how to…

  14. The role of managerial stock option programs in governance: evidence from REIT stock repurchases

    Ghosh, C.; Giambona, E.; Harding, J.P.; Sezer, O.; Sirmans, C.F.

    2010-01-01

    This article examines the role of stock option programs and executive holdings of stock options in real estate investment trust (REIT) governance. We study the issue by analyzing how the market reaction to a stock repurchase announcement varies as a function of the individual REIT's governance

  15. 78 FR 17066 - Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in...

    2013-03-19

    ... Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in Outbound... issue of the Federal Register, the IRS and the Treasury Department are issuing temporary regulations... stock transfers for certain outbound asset reorganizations. The temporary regulations also modify the...

  16. Proving the Relation between Stock and Interbank Markets: The Bahrain Stock Exchange

    Matveev, Aleksandr

    2014-01-01

    The present paper deals with further analysis of the relationship between the interbank loan rateon the one hand and the volume of investment and the amount of stocks tradable on the stock exchange on the other hand, as corroborated by calculations performed on Bahrain Stock Exchange data.

  17. Stock price forecasting for companies listed on Tehran stock exchange using multivariate adaptive regression splines model and semi-parametric splines technique

    Rounaghi, Mohammad Mahdi; Abbaszadeh, Mohammad Reza; Arashi, Mohammad

    2015-11-01

    One of the most important topics of interest to investors is stock price changes. Investors whose goals are long term are sensitive to stock price and its changes and react to them. In this regard, we used multivariate adaptive regression splines (MARS) model and semi-parametric splines technique for predicting stock price in this study. The MARS model as a nonparametric method is an adaptive method for regression and it fits for problems with high dimensions and several variables. semi-parametric splines technique was used in this study. Smoothing splines is a nonparametric regression method. In this study, we used 40 variables (30 accounting variables and 10 economic variables) for predicting stock price using the MARS model and using semi-parametric splines technique. After investigating the models, we select 4 accounting variables (book value per share, predicted earnings per share, P/E ratio and risk) as influencing variables on predicting stock price using the MARS model. After fitting the semi-parametric splines technique, only 4 accounting variables (dividends, net EPS, EPS Forecast and P/E Ratio) were selected as variables effective in forecasting stock prices.

  18. Wedge cutting of mild steel by CO 2 laser and cut-quality assessment in relation to normal cutting

    Yilbas, B. S.; Karatas, C.; Uslan, I.; Keles, O.; Usta, Y.; Yilbas, Z.; Ahsan, M.

    2008-10-01

    In some applications, laser cutting of wedge surfaces cannot be avoided in sheet metal processing and the quality of the end product defines the applicability of the laser-cutting process in such situations. In the present study, CO 2 laser cutting of the wedge surfaces as well as normal surfaces (normal to laser beam axis) is considered and the end product quality is assessed using the international standards for thermal cutting. The cut surfaces are examined by the optical microscopy and geometric features of the cut edges such as out of flatness and dross height are measured from the micrographs. A neural network is introduced to classify the striation patterns of the cut surfaces. It is found that the dross height and out of flatness are influenced significantly by the laser output power, particularly for wedge-cutting situation. Moreover, the cut quality improves at certain value of the laser power intensity.

  19. Influence of cutting type and size on rooting of Lavandula dentata L Influência do tipo e tamanho de estaca no enraizamento de Lavandula dentata L

    C.M. Bona

    2012-01-01

    Full Text Available Even though the Lavandula species may be propagated by seeds, it should not be the preferred propagation method because it causes a great lack of uniformity. On the other hand, asexually propagated lavender crops would provide more homogeneous crops, and clones from high quality plant material would increase the odds for obtaining a higher quality essential oil. However, problems such as poor rooting and restrict market availability for superior clones have been a problem in vegetative propagation of the Lavandula species. The objective of this work was to define which type and size of cutting is more adequate for cutting propagation of L. dentata, a very productive Lavandula species. Cuttings with 5, 8, 10 or 13 cm and from the apical or basal parts of stems cut from L. dentata stock plants were placed in Plantmax HT® filled polystyrene foam trays and kept under intermittent mist system for two months. Averages of root number, length of the longest root, fresh and dry root weight, and percentage of rooting were evaluated. Apical cuttings combined 97.9% rooting with an average of 13.2 roots per cutting and basal cuttings 93.7% rooting with 2.98 roots per cutting. Apical cuttings with at least 10 cm in length were considered the most adequate for cutting propagation of L. dentata.Apesar de serem propagadas por sementes, as espécies de Lavandula deveriam ser preferencialmente propagadas por estaquia devido a grande falta de uniformidade causada pela primeira, enquanto que a propagação assexual da alfazema permite maior homogeneidade da lavoura e o uso de clones de alta qualidade aumentaria as chances de se obter óleo essencial de alta qualidade. No entanto, o baixo poder de enraizamento e o mercado restrito de clones superiores têm sido problemas para a propagação vegetativa de espécies de alfazema. O objetivo deste trabalho foi definir qual tipo e tamanho de estaca seriam mais adequados para a propagação de L. dentata, espécie muito

  20. Chip & Cut Tests an Elastomeren

    Euchler, Eric; Heinrich, Gert; Michael, Hannes; Gehde, Michael; Stocek, Radek; Kratina, Ondrej; Kipscholl, Reinhold

    2016-01-01

    Dieser Vortrag stellt einen neuartigen Prüfstand vor, mit welchem das Chip & Cut Verhalten von Elastomeren charakterisiert werden kann. Sowohl theoretischer Hintergrund als auch praktische Erkenntnisse werden diskutiert. Die Vorstellung der Praxisrelevanz dieser Untersuchungen steht im Fokus des Vortrags.

  1. The Cutting-Edge Challenge

    Share, Joani

    2005-01-01

    In a time of educational budget cuts, the arts seem to take the major brunt of the financial ax. Fine arts programs are often pitted against one another for survival. The music industry and supporting corporations, such as American Express, campaign to have instruments donated or purchased to keep educational programs alive. The visual arts do not…

  2. Why I like power cuts...

    Computer Security Team

    2012-01-01

    Accidental power cuts - a permanent nuisance when running accelerators or computing services, since it takes a lot of time to recover from them. While I feel very sorry for those who are under pressure to get their service running again and deeply regret the loss of down-time and availability, I must admit that I like power cuts: power cuts make computers reboot! And rebooting computers at CERN means all the pending software patches are automatically applied.   But don’t think I am egotistic enough to endorse power cuts. Not necessarily! I am already happy if you regularly patch your computer(s) yourself, where regularly means at least once a month: · If you run a centrally or locally managed Windows computer, give that small orange blinking “CMF” icon in the taskbar a chance in the evening to apply all the pending patches. Also, let it initiate a reboot at the end! · If you have a personal computer with your own Windows operating system, ...

  3. Analysis of changes in paper cutting forces during the cutting cycle in single-knife guillotine

    Rusin, Agnieszka; Petriaszwili, Georgij

    2013-01-01

    Paper presents the results of changes in the three components of cutting forces of paper stacks cutting during the cutting cycle in single-knife guillotine. The changes of the three components of cutting force at different stages of cutting cycle were analyzed.

  4. Do stock prices drive people crazy?

    Lin, Chung-Liang; Chen, Chin-Shyan; Liu, Tsai-Ching

    2015-03-01

    This is the first research to examine a potential relation between stock market volatility and mental disorders. Using data on daily incidences of mental disorders in Taiwan over 4000 days from 1998 through 2009 to assess the time-series relation between stock price movements and mental disorders, we observe that stock price fluctuation clearly affects the hospitalization of mental disorders. We find that during a 12-year follow-up period, a low stock price index, a daily fall in the stock price index and consecutive daily falls in the stock price index are all associated with greater of mental disorders hospitalizations. A 1000-point fall in the TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) increases the number of daily mental disorders hospitalizations by 4.71%. A 1% fall in the TAIEX in one single day increases daily hospitalizations for mental disorders by 0.36%. When the stock price index falls one consecutive day, it causes a daily increase of approximately 0.32% hospitalizations due to mental disorders on that day. Stock price index is found to be significant for both gender and all age groups. In addition, daily change is significant for both gender and middle-age groups, whereas accumulated change is significant for males and people aged 45-64. Stockholdings can help people accumulate wealth, but they can also increase mental disorders hospitalizations. In other words, stock price fluctuations do drive people crazy. Published by Oxford University Press in association with The London School of Hygiene and Tropical Medicine © The Author 2014; all rights reserved.

  5. Mechanization of cutting and loading using plough

    Kim, Young Shik; Lee, Kyung Woon; Kim, Oak Hwan; Kim, Dae Kyung [Korea Institute of Geology Mining and Materials, Taejon (Korea, Republic of)

    1996-12-01

    The reducing coal market has been enforcing the coal industry to make exceptional rationalization and restructuring efforts since the end of the eighties. To the competition from crude oil and natural gas has been added the growing pressure from rising wages and rising production cost as the workings get deeper. To improve the competitive position of the coal mines against oil and gas through cost reduction, studies to improve mining system have been carried out. A miniature of plough with a new concept guiding system is introduced to cut the front coal shortwall caving face using chock supports in the Kyung Dong Mine. Last year`s field test showed some problems. The plough is designed to run on the guide rail by holding the groove under the guide rail with two sliding keys attached on the upper side of the plough base plate. The coal in the groove becomes cemented by the impact of the keys and increase resistance to break the shear pins. Without the keys the plough runs smoothly but cannot cut the floor properly. So the floor is rising up. To remedy the troubles, the plough was modified by taking out the keys and thickening the base plate to prevent tilting up of the plough when cutting the floor. This plough will be put into field test at the end of Jan. 1997. The following performances are expected. 1) Increase of production rate from 330 tons/day to 1,000 tons, 2) Improvement of productivity from 8.1 tons/man{center_dot}shift to 15 tons, 3) Reducing of production cost by 1,292 won/ton. (author). tabs., 15 figs.

  6. Effect of cutting parameters on machinability characteristics in milling of magnesium alloy with carbide tool

    Kaining Shi

    2016-01-01

    Full Text Available Magnesium alloy has attracted more attentions due to its excellent mechanical properties. However, in process of dry cutting operation, many problems restrict its further development. In this article, the effect of cutting parameters on machinabilities of magnesium alloy is explored under dry milling condition. This research is an attempt to investigate the impact of cutting speed at multiple feed rates on cutting force and surface roughness, while a statistical analysis is adopted to determine the influential intensities accurately. The results showed that cutting force is affected by the positively constant intensity from feed rate and the increasingly negative intensity from cutting speed. In contrast, surface roughness is determined by the gradually increasing negative tendency from feed rate and the positive effect with constant intensity from cutting speed. Within the range of the experiments, feed rate is the leading contribution for cutting force while the cutting speed is the dominant factor for surface roughness according to the absolute intensity values. Meanwhile, the trends of influencing intensities between cutting force and surface roughness are opposite. Besides, it is also found that in milling magnesium alloy, chip morphology is highly sensitive to cutting speed while the chip quality mainly depends on feed rate.

  7. A Bimodel Algorithm with Data-Divider to Predict Stock Index

    Zhaoyue Wang

    2018-01-01

    Full Text Available There is not yet reliable software for stock prediction, because most experts of this area have been trying to predict an exact stock index. Considering that the fluctuation of a stock index usually is no more than 1% in a day, the error between the forecasted and the actual values should be no more than 0.5%. It is too difficult to realize. However, forecasting whether a stock index will rise or fall does not need to be so exact a numerical value. A few scholars noted the fact, but their systems do not yet work very well because different periods of a stock have different inherent laws. So, we should not depend on a single model or a set of parameters to solve the problem. In this paper, we developed a data-divider to divide a set of historical stock data into two parts according to rising period and falling period, training, respectively, two neural networks optimized by a GA. Above all, the data-divider enables us to avoid the most difficult problem, the effect of unexpected news, which could hardly be predicted. Experiments show that the accuracy of our method increases 20% compared to those of traditional methods.

  8. Base-Stock Level yang Meminimasi Biaya pada Permasalahan Single Order

    Tanti Octavia

    2011-01-01

    Full Text Available The purpose of this research is to conduct an analysis on demand characteristic and inventory cost which might potentially influence the determination of base-stock level. Appropriate base-stock level will determine the maximum profit and also reduce the stockout cost for fashion products which has high demand uncertainty and single order problem. Case study is applied on a garment company with eight fashion product types that can be classified into short and long lifetime. The effect of coefficient variation, salvage price and stockout cost is analyzed towards profits and base stock level. It can be concluded that demand variability does not affect base stock level, while stockout cost and salvage price does.

  9. Model for Reggeon-Pomeranchukon cuts

    Chia, S.

    1977-01-01

    A model is presented for calculating Reggeon-Pomeranchukon cuts, making use explicitly of the Mandelstam diagram. External spins are treated in a natural way. Calculation for the general case is outlined and it is shown that in practical application the cut can be calculated in a standard way. Cuts associated with the exchanges of π, rho, B, and A 2 are considered, and characteristics of the RP cuts, as well as the structure functions, are extracted and discussed. It is found that the model differs considerably from the absorption model. Two suppression schemes are operative which control the magnitudes of cut contributions to amplitudes with ''naturality'' opposite to the Reggeon. The πP cut is found to be a unique case because of the smallness of the pion mass. In general, the RP cuts are self-conspiratorial. At very high energies, all cuts, except πP cut, exhibit quasifactorization

  10. Development of underwater laser cutting technology

    Sato, Seiichi; Inaba, Takanori; Inose, Koutarou; Matsumoto, Naoyuki; Sakakibara, Yuji

    2015-01-01

    In is desirable to use remote underwater device for the decommissioning work of highly radioactive components such as the nuclear internals from a view point of reducing the ranitidine exposure to the worker. Underwater laser cutting technology has advantages. First advantage in underwater laser cutting technology is that low reaction force during cutting, namely, remote operability is superior. Second point is that underwater laser cutting generates a little amount of secondary waste, because cutting kerf size is very small. Third point is that underwater laser cutting has low risk of the process delay, because device trouble is hard to happen. While underwater laser cutting has many advantages, the careful consideration in the safe treatment of the offgas which underwater laser cutting generates is necessary. This paper describes outline of underwater laser cutting technology developed by IHI Corporation (IHI) and that this technology is effective in various dismantling works in water. (author)

  11. Quality Analysis of Cutting Steel Using Laser

    Vladislav Markovič

    2013-02-01

    Full Text Available The article explores the quality dependence of the edge surface of steel C45 LST EN 10083-1 obtained cutting the material using laser on different cutting regimes and variations in the thickness of trial steel. The paper presents the influence of the main modes of laser cutting equipment Trulaser 3030, including cutting speed, pressure, angle and the thickness of the surface on the quality characteristics of the sample. The quality of the edge after laser cutting is the most important indicator influencing such technological spread in industry worldwide. Laser cutting is the most popular method of material cutting. Therefore, the article focuses on cutting equipment, cutting defects and methods of analysis. Research on microstructure, roughness and micro-toughness has been performed with reference to edge samples. At the end of the publication, conclusions are drawn.Article in Lithuanian

  12. Quality Analysis of Cutting Steel Using Laser

    Vladislav Markovič

    2012-12-01

    Full Text Available The article explores the quality dependence of the edge surface of steel C45 LST EN 10083-1 obtained cutting the material using laser on different cutting regimes and variations in the thickness of trial steel. The paper presents the influence of the main modes of laser cutting equipment Trulaser 3030, including cutting speed, pressure, angle and the thickness of the surface on the quality characteristics of the sample. The quality of the edge after laser cutting is the most important indicator influencing such technological spread in industry worldwide. Laser cutting is the most popular method of material cutting. Therefore, the article focuses on cutting equipment, cutting defects and methods of analysis. Research on microstructure, roughness and micro-toughness has been performed with reference to edge samples. At the end of the publication, conclusions are drawn.Article in Lithuanian

  13. THE EFFECT OF MACROECONOMIC VARIABLES ON STOCK RETURNS ON DHAKA STOCK EXCHANGE

    Muhammed Monjurul Quadir

    2012-01-01

    Full Text Available This article investigates the effects of macroeconomic variables of treasury bill interest rate and industrial production on stock returns on Dhaka Stock Exchange for the period between January 2000 and February 2007 on the basis of monthly time series data using Autoregressive Integrated Moving Average (ARIMA model. The paper has taken the overall market stock returns as an independent variable. It does not consider the stock returns of different companies separately. Though the ARIMA model finds a positive relationship between Treasury bill interest rate and industrial production with market stock returns but the coefficients have turned out to be statistically insignificant.

  14. Fundamental uncertainty and stock market volatility

    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.

  15. A Tale of Two Stock Markets

    Armstrong, Michelle Hine; Piercey, Victor I.; Greene-Hunley, Stephanie

    2015-01-01

    This article describes two different projects using the stock market as a context for learning. For both projects, students "bought" shares in individual companies, tracked stock prices for a period of time, and then "sold" their shares at a gain or loss. The projects are adaptable for students in late elementary school through…

  16. Does Stock Market Performance Influence Retirement Intentions?

    Goda, Gopi Shah; Shoven, John B.; Slavov, Sita Nataraj

    2012-01-01

    Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the…

  17. Stock market volatility and macroeconomic uncertainty

    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

  18. Legal institutions, strategic default, and stock returns

    Favara, G.; Schroth, E.; Valta, P.

    2008-01-01

    This paper studies the impact of legal institutions on stock returns. More specifically, we examine how differences in debt enforcement and creditor protection around the world affect stock returns of individual firms. We hypothesize that if legal institutions prevent shareholders from engaging in

  19. Distinguishing manipulated stocks via trading network analysis

    Sun, Xiao-Qian; Cheng, Xue-Qi; Shen, Hua-Wei; Wang, Zhao-Yang

    2011-10-01

    Manipulation is an important issue for both developed and emerging stock markets. For the study of manipulation, it is critical to analyze investor behavior in the stock market. In this paper, an analysis of the full transaction records of over a hundred stocks in a one-year period is conducted. For each stock, a trading network is constructed to characterize the relations among its investors. In trading networks, nodes represent investors and a directed link connects a stock seller to a buyer with the total trade size as the weight of the link, and the node strength is the sum of all edge weights of a node. For all these trading networks, we find that the node degree and node strength both have tails following a power-law distribution. Compared with non-manipulated stocks, manipulated stocks have a high lower bound of the power-law tail, a high average degree of the trading network and a low correlation between the price return and the seller-buyer ratio. These findings may help us to detect manipulated stocks.

  20. Mandatory IFRS Reporting and Stock Price Informativeness

    Beuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S.

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period

  1. Recent market behavior of utility stocks

    Studness, C.M.

    1990-01-01

    This article reviews the recent market behavior of utility stocks as compared to the Standard and Poor's 500 and the long-term government bond yield. Utility stock's performance continues to be affected by unfavorable regulation,and it appears that it will continue to be a factor for some time to come. A continually shrinking excess capacity continues to be a concern

  2. SETS, arbitrage activity and stock price dynamics

    Taylor, N.; van Dijk, D.; Franses, P.H.; Lucas, A.

    2000-01-01

    This paper provides an empirical description of the relationship between the trading system operated by a stock exchange and the trading behaviour of heterogeneous investors who use the exchange. The recent introduction of SETS in the London Stock Exchange provides an excellent opportunity to study

  3. Jump Detection in the Danish Stock Market

    Høg, Esben

    2002-01-01

    It is well known in financial economics that stock market return data are often modelled by a diffusion process with some regular drift function. Occasionally, however, sudden changes or jumps occur in the return data. Wavelet scaling methods are used to detect jumps and cusps in stock market...

  4. 27 CFR 24.217 - Vinegar stock.

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Vinegar stock. 24.217 Section 24.217 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY LIQUORS WINE Production of Other Than Standard Wine § 24.217 Vinegar stock. Vinegar...

  5. Efficient Circulation of Railway Rolling Stock

    Alfieri, A.; Groot, R.; Kroon, L.G.; Schrijver, A.

    2006-01-01

    Railway rolling stock (locomotives, carriages, and train units) is one of the most significant cost sources for operatorsof passenger trains, both public and private. Rolling stock costsare due to material acquisition, power supply, and material maintenance. The efficient circulation of rolling

  6. Efficient Circulation of Railway Rolling Stock

    A. Alfieri (Arianna); R. Groot (Rutger); L.G. Kroon (Leo); A. Schrijver (Lex)

    2002-01-01

    textabstractRailway rolling stock (locomotives, carriages, and train units) is one of the most significant cost sources for operatorsof passenger trains, both public and private. Rolling stock costsare due to material acquisition, power supply, and material maintenance. The efficient circulation of

  7. Fibre laser cutting stainless steel: Fluid dynamics and cut front morphology

    Pocorni, Jetro; Powell, John; Deichsel, Eckard; Frostevarg, Jan; Kaplan, Alexander F. H.

    2017-01-01

    In this paper the morphology of the laser cut front generated by fibre lasers was investigated by observation of the 'frozen' cut front, additionally high speed imaging (HSI) was employed to study the fluid dynamics on the cut front while cutting. During laser cutting the morphology and flow properties of the melt film on the cut front affect cut quality parameters such as cut edge roughness and dross (residual melt attached to the bottom of the cut edge). HSI observation of melt flow down a laser cutting front using standard cutting parameters is experimentally problematic because the cut front is narrow and surrounded by the kerf walls. To compensate for this, artificial parameters are usually chosen to obtain wide cut fronts which are unrepresentative of the actual industrial process. This paper presents a new experimental cutting geometry which permits HSI of the laser cut front using standard, commercial parameters. These results suggest that the cut front produced when cutting medium section (10 mm thick) stainless steel with a fibre laser and a nitrogen assist gas is covered in humps which themselves are covered by a thin layer of liquid. HSI observation and theoretical analysis reveal that under these conditions the humps move down the cut front at an average speed of approximately 0.4 m/s while the covering liquid flows at an average speed of approximately 1.1 m/s, with an average melt depth at the bottom of the cut zone of approximately 0.17 mm.

  8. STUDY ON FINANCIAL COMMUNICATIONS FROM PUBLIC RETAIL COMPANIES: COMPARATIVE ANALYSIS – MILANO STOCK EXCHANGE AND BUCHAREST STOCK EXCHANGE

    Veronica R GROSU

    2016-09-01

    Full Text Available The economic and financial crisis that hit the world economy has shown that for retail companies, growth continued to record only for those who held full control over every point of sale. The objective of our work is focused on the analysis of the most important financial indicators that a retail company should focus on and include in communication with external stakeholders. We make the connection with problems of the real economy through a comparative study of Romania and Italy, in which we analyze retail companies listed on the Bucharest Stock Exchange (BSE and a similar number of retail companies listed on the Milan Stock Exchange (MSE. The importance of the topic stems from the fact that it is essential for understanding how consumers relate the various retail companies and how the latter model their structure or behavior depending on the requirements and needs of the former.

  9. Water relations and keeping-quality of cut Gerbera flowers

    Meeteren, van, U.

    1980-01-01

    The aim of the present investigation is to study the internal water relations,of ageing Gerbera inflorescences and their consequence on keepingquality of cut inflorescences. As in all parts of this paper, the term "flower" will be used to describe an inflorescence with its supporting stem.A great problem during vase-life of cut Gerbera flowers is ',stem break", a sudden bending of the stem. As described in part 1, this phenomenon was caused by a water shortage in the flower. The water-stress ...

  10. Modelling RGB colour aspects and translucency of fresh-cut tomatoes

    Moreira Lana, M.; Tijskens, L.M.M.; Kooten, van O.

    2006-01-01

    Translucency is one of the major problems in fresh-cut fruit. This phenomenon seriously limits the use of fruit by the fresh-cut industries. Techniques for measuring translucency in this kind of product are not readily available. As a consequence, the processes that are important in the development

  11. Regeneration after cutting of old-growth northern hardwoods in New Hampshire

    William B. Leak; Robert W., Jr. Wilson

    1958-01-01

    Past experience with cuttings in old-growth northern hardwoods has demonstrated that the primary regeneration problem is to obtain a large proportion of desirable species of good quality. Regardless of method or intensity of cutting, the total amount of reproduction usually is adequate. Second-growth stands are a different story: this report pertains only to old-growth...

  12. Precision Machining When Cutting with Leading Plastic Deformation

    N. A. Yaroslavtseva

    2017-01-01

    Full Text Available Keeping up the product competitiveness continually requires solving the problems of reducing time for product creation and material costs for its production and ensuring the maximum conformity of the product quality with the individual requirements of a particular consumer. It is especially difficult to implement these tasks in product manufacturing from the hard-to-machine steels and alloys with extremely low production rate in machining (often 10-20 times lower than when cutting the ordinary structural steels.Currently, one of the promising ways to improve the cutting process of hard-to-machine materials and quality of parts made from these materials is development and application of combined processing methods, which use additional energy sources to act on the machined material in the cutting zone. A BMSTU-developed cutting method with leading plastic deformation (LPD, which acts to raise the production rate, gain the cutting tool-life, reduce the surface roughness, improve the accuracy of processing and the performance characteristics of products, ensure the reliable flow chip control, and improve the labor conditions, belongs to such sort of methods.One of the most important indicators of processing quality that has a great impact on the operation and cost characteristics of the product and on the machining rate as well is the accuracy of processing. In cutting, the processing errors largely arise from the elastic deformations of a technological system when the cutting force, and, in particular, the radial component of the cutting force, acts on it.The deforming devices, used in cutting with LPD, being located as a rule, on the diametrically opposite side with respect to the cutting zone, act on the technological system as vibration dampers. In addition, as studies have shown, the choice of a rational direction for applying LPD load helps to compensate partially or completely the cutting force radial component effect on the technological

  13. Recurrence quantification analysis of global stock markets

    Bastos, João A.; Caiado, Jorge

    2011-04-01

    This study investigates the presence of deterministic dependencies in international stock markets using recurrence plots and recurrence quantification analysis (RQA). The results are based on a large set of free float-adjusted market capitalization stock indices, covering a period of 15 years. The statistical tests suggest that the dynamics of stock prices in emerging markets is characterized by higher values of RQA measures when compared to their developed counterparts. The behavior of stock markets during critical financial events, such as the burst of the technology bubble, the Asian currency crisis, and the recent subprime mortgage crisis, is analyzed by performing RQA in sliding windows. It is shown that during these events stock markets exhibit a distinctive behavior that is characterized by temporary decreases in the fraction of recurrence points contained in diagonal and vertical structures.

  14. Modeling Chaotic Behavior of Chittagong Stock Indices

    Shipra Banik

    2012-01-01

    Full Text Available Stock market prediction is an important area of financial forecasting, which attracts great interest to stock buyers and sellers, stock investors, policy makers, applied researchers, and many others who are involved in the capital market. In this paper, a comparative study has been conducted to predict stock index values using soft computing models and time series model. Paying attention to the applied econometric noises because our considered series are time series, we predict Chittagong stock indices for the period from January 1, 2005 to May 5, 2011. We have used well-known models such as, the genetic algorithm (GA model and the adaptive network fuzzy integrated system (ANFIS model as soft computing forecasting models. Very widely used forecasting models in applied time series econometrics, namely, the generalized autoregressive conditional heteroscedastic (GARCH model is considered as time series model. Our findings have revealed that the use of soft computing models is more successful than the considered time series model.

  15. Laser Cutting of Thin Nickel Bellows

    Butler, C. L.

    1986-01-01

    Laser cutting technique produces narrow, precise, fast, and repeatable cuts in thin nickel-allow bellows material. Laser cutting operation uses intense focused beam to melt material and assisting gas to force melted material through part thickness, creating void. When part rotated or moved longitudinally, melting and material removal continuous and creates narrow, fast, precise, and repeatable cut. Technique used to produce cuts of specified depths less than material thickness. Avoids distortion, dents, and nicks produced in delicate materials during lathe trimming operations, which require high cutting-tool pressure and holding-fixture forces.

  16. Aerated drilling cutting transport analysis in geothermal well

    Wakhyudin, Aris; Setiawan, Deni; Dwi Marjuan, Oscar

    2017-12-01

    Aeratad drilling widely used for geothermal drilling especially when drilled into predicted production zone. Aerated drilling give better performance on preventing lost circulation problem, improving rate of penetration, and avoiding drilling fluid invasion to productive zone. While well is drilled, cutting is produced and should be carried to surface by drilling fluid. Hole problem, especially pipe sticking will occur while the cutting is not lifted properly to surface. The problem will effect on drilling schedule; non-productive time finally result more cost to be spent. Geothermal formation has different characteristic comparing oil and gas formation. Geothermal mainly has igneous rock while oil and gas mostly sedimentary rock. In same depth, formation pressure in geothermal well commonly lower than oil and gas well while formation temperature geothermal well is higher. While aerated drilling is applied in geothermal well, Igneous rock density has higher density than sedimentary rock and aerated drilling fluid is lighter than water based mud hence minimum velocity requirement to transport cutting is larger than in oil/gas well drilling. Temperature and pressure also has impact on drilling fluid (aerated) density. High temperature in geothermal well decrease drilling fluid density hence the effect of pressure and temperature also considered. In this paper, Aerated drilling cutting transport performance on geothermal well will be analysed due to different rock and drilling fluid density. Additionally, temperature and pressure effect on drilling fluid density also presented to merge.

  17. Stock Indices as Generalizing Indicators of the Stock Markets Condition in the European Union Countries

    Shuba M. V.

    2015-03-01

    Full Text Available The aim of the article is to determine the degree of interdependence of stock markets in separate countries of the European Union, namely: France, Germany, Great Britain, Poland, the Czech Republic and Hungary on the basis of studying the changes in stock indexes, as well as determining the existence of tendencies of approximating the dynamics of the national stock index «PFTS Index» to the corresponding dynamics of stock indexes in surveyed countries. The article analyzes the dynamics of changes in stock indices in the UK (FTSE, Germany (DAX 30, France (CAC 40 and pan-European ones (EURO STOXX 50, as well as changes in stock indices in Poland (WIG 20, Czech Republic (PX, Hungary (BUX. Calculations of the coefficients of pair correlation between changes in stock indices in the studied countries have been performed. The calculation results show a substantial connection between the indicators of changes in stock indices and allow to make a conclusion that in the dynamics of stock indices of national stock markets of the studied EU countries some common trends are observed, moreover, in the behavior of the considered indices common local trends are noticed as well. The author calculated the coefficient of pair correlation between the indicators of changes in the national stock index «PFTS Index» and the stock indices of the «old» and «new» EU countries. The calculations showed that the PFTS Index does not demonstrate a high level of correlation with stock indices of the «old» EU countries and has a tendency of approaching the corresponding dynamics of stock indices of the «new» EU countries.

  18. Prepositioned Stocks: DOD has Addressed Required Reporting Elements but Needs to Develop a Department-Wide Policy and Joint Service Approach

    2016-04-01

    prepositioned stock information and indicate where that information resides. DOD has made limited progress in developing a department-wide strategic...assistance, and disaster relief. Prepositioned stocks have played an important role in supporting operations in Iraq and Afghanistan, but these operations...problem areas. These officials also indicated that the shortfalls in prepositioned stocks to be reported in the fiscal year 2015 report might be

  19. The generalized good cut equation

    Adamo, T M; Newman, E T

    2010-01-01

    The properties of null geodesic congruences (NGCs) in Lorentzian manifolds are a topic of considerable importance. More specifically NGCs with the special property of being shear-free or asymptotically shear-free (as either infinity or a horizon is approached) have received a great deal of recent attention for a variety of reasons. Such congruences are most easily studied via solutions to what has been referred to as the 'good cut equation' or the 'generalization good cut equation'. It is the purpose of this paper to study these equations and show their relationship to each other. In particular we show how they all have a four-complex-dimensional manifold (known as H-space, or in a special case as complex Minkowski space) as a solution space.

  20. Water-Cut Sensor System

    Karimi, Muhammad Akram

    2018-01-11

    Provided in some embodiments is a method of manufacturing a pipe conformable water-cut sensors system. Provided in some embodiments is method for manufacturing a water-cut sensor system that includes providing a helical T-resonator, a helical ground conductor, and a separator at an exterior of a cylindrical pipe. The helical T-resonator including a feed line, and a helical open shunt stub conductively coupled to the feed line. The helical ground conductor including a helical ground plane opposite the helical open shunt stub and a ground ring conductively coupled to the helical ground plane. The feed line overlapping at least a portion of the ground ring, and the separator disposed between the feed line and the portion of the ground ring overlapped by the feed line to electrically isolate the helical T-resonator from the helical ground conductor.

  1. Variable angle asymmetric cut monochromator

    Smither, R.K.; Fernandez, P.B.

    1993-09-01

    A variable incident angle, asymmetric cut, double crystal monochromator was tested for use on beamlines at the Advanced Photon Source (APS). For both undulator and wiggler beams the monochromator can expand area of footprint of beam on surface of the crystals to 50 times the area of incident beam; this will reduce the slope errors by a factor of 2500. The asymmetric cut allows one to increase the acceptance angle for incident radiation and obtain a better match to the opening angle of the incident beam. This can increase intensity of the diffracted beam by a factor of 2 to 5 and can make the beam more monochromatic, as well. The monochromator consists of two matched, asymmetric cut (18 degrees), silicon crystals mounted so that they can be rotated about three independent axes. Rotation around the first axis controls the Bragg angle. The second rotation axis is perpendicular to the diffraction planes and controls the increase of the area of the footprint of the beam on the crystal surface. Rotation around the third axis controls the angle between the surface of the crystal and the wider, horizontal axis for the beam and can make the footprint a rectangle with a minimum. length for this area. The asymmetric cut is 18 degrees for the matched pair of crystals, which allows one to expand the footprint area by a factor of 50 for Bragg angles up to 19.15 degrees (6 keV for Si[111] planes). This monochromator, with proper cooling, will be useful for analyzing the high intensity x-ray beams produced by both undulators and wigglers at the APS

  2. Drill cuttings mount formation study

    Teh, Su Yean; Koh, Hock Lye

    2014-07-01

    Oil, Gas and Energy sector has been identified as an essential driving force in the Malaysian Economic Transformation Programs (ETP). Recently confirmed discovery of many offshore oil and gas deposits in Malaysian waters has ignited new confidence in this sector. However, this has also spurred intense interest on safeguarding the health and environment of coastal waters in Malaysia from adverse impact resulting from offshore oil and gas production operation. Offshore discharge of spent drilling mud and rock cuttings is the least expensive and simplest option to dispose of large volumes of drilling wastes. But this onsite offshore disposal may have adverse environmental impacts on the water column and the seabed. It may also pose occupational health hazards to the workers living in the offshore platforms. It is therefore important to model the transport and deposition of drilling mud and rock cuttings in the sea to enable proper assessment of their adverse impacts on the environment and the workers. Further, accumulation of drill particles on the seabed may impede proper operation of pipelines on the seabed. In this paper, we present an in-house application model TUNA-PT developed to cater to local oil and gas industry needs to simulate the dispersion and mount formation of drill cuttings by offshore oil and gas exploration and production platforms. Using available data on Malaysian coastal waters, simulation analyses project a pile formation on the seabed with a maximum height of about 1 m and pile radius of around 30 to 50 m. Simulated pile heights are not sensitive to the heights of release of the cuttings as the sensitivity has been mitigated by the depth of water.

  3. On Computations of Duct Acoustics with Near Cut-Off Frequency

    Dong, Thomas Z.; Povinelli, Louis A.

    1997-01-01

    The cut-off is a unique feature associated with duct acoustics due to the presence of duct walls. A study of this cut-off effect on the computations of duct acoustics is performed in the present work. The results show that the computation of duct acoustic modes near cut-off requires higher numerical resolutions than others to avoid being numerically cut off. Duct acoustic problems in Category 2 are solved by the DRP finite difference scheme with the selective artificial damping method and results are presented and compared to reference solutions.

  4. JOINT-STOCK COMPANY WITH EMPLOYEES-SHAREHOLDERS IN RUSSIA: IS IT DREAM OR REALITY?

    T.V. Zimina

    2006-09-01

    Full Text Available One of the most urgent problems of post-privatization period in Russia is considered in the article. This is process of forming new property relation formed as a joint-stock company with employees-shareholders (people’s company. Contradictions in low basis and in activity of people’s companies are determined. Trends of future improvement of this process are also offered. We believe that such analysis of joint-stock companies with employees-shareholders forming will be useful not only for researchers, studying problems of property and new forms of business, but also for government authority.

  5. Aqueous cutting fluid for machining fissionable materials

    Duerksen, Walter K.; Googin, John M.; Napier, Jr., Bradley

    1984-01-01

    The present invention is directed to a cutting fluid for machining fissionable material. The cutting fluid is formed of glycol, water and boron compound in an adequate concentration for effective neutron attenuation so as to inhibit criticality incidents during machining.

  6. Submerged cutting characteristics of abrasive suspension jet

    Shimizu, Seiji; Peng, Guoyi; Oguma, Yasuyuki; Nishikata, Hiroyuki

    2015-01-01

    An abrasive suspension jet (ASJ) formed by propelling abrasive suspension through a nozzle has a greater cutting capability than the conventional abrasive water jet. However the cutting capability of submerged ASJs decreases drastically with increasing the standoff distance and the pressure around the jet. A sheathed nozzle with ventilation for ASJs has been developed as a mean of extending the effective stand-off distance and improving the cutting capabilities under submerged condition. In the present investigation, cutting tests by ASJs in air and under submerged condition are conducted with specimens of aluminum alloy. Air coated ASJs are formed by using a sheathed nozzle with ventilation. The relative cutting depth is defined as the cutting depth under submerged condition divided by the cutting depth in air at the same standoff distance. The relative cutting depth is arranged effectually by the cavitation number based on the cavity pressure measured at the sheath. (author)

  7. Method of cutting radioactivated metal structures

    Takimoto, Yoshinori; Sakota, Kotaro; Hamamoto, Noboru; Harada, Keizo.

    1985-01-01

    Purpose: To improve the cutting performance to a level as comparable with that in air, as well as prevent the scattering of the radioactive materials upon cutting to the level as that in water cutting. Method: After igniting a gas cutting torch automatically, water spray by the local water sprayer is started by the actuation of a submerged pump, while a gas cutting manipulator is operated to cut the nuclear reactor pressure vessel. In this way, cutting exhaust gases resulted from the gas cutting torch are water-washed by the spray from the local water sprayer and falls within the nuclear rector pressure vessel in the form of water streams or droplets along the inner wall surface of the pressure vessel. Further, water is fed again to the local water sprayer by the submerged pump. (Kawakami, Y.)

  8. Retail Out-of-stocks in the Context of Centralized and Direct Delivery

    Nikola Milićević

    2018-03-01

    Full Text Available The delivery of the right product, at the right time to the retail store, only seems to be an easy process. The smallest problem can cause the out-of-stock (OOS situation, which may prevent customers to buy products they were looking for. Consequently, it affects retailers and their suppliers through potential operational inefficiencies, sale losses and eventually the losses of their loyal customers. Starting from these problems, by using the data of a large Serbian retailer, this paper analyses out-of-stocks in the context of two alternative delivery systems, centralized and direct. For calculating OOS rates the perpetual inventory aggregation metrics was used, while the occurrence of out-of-stocks was modelled by the application of probit regression analysis. The results have shown that delivery system has a significant impact on the probability of a stock-out, indicating potential problems in the centralized system. In addition, the analysis included certain product and store characteristics that also significantly affect the average probability of stock-outs.

  9. Analysing News for Stock Market Prediction

    Ramalingam, V. V.; Pandian, A.; Dwivedi, shivam; Bhatt, Jigar P.

    2018-04-01

    Stock market means the aggregation of all sellers and buyers of stocks representing their ownership claims on the business. To be completely absolute about the investment on these stocks, proper knowledge about them as well as their pricing, for both present and future is very essential. Large amount of data is collected and parsed to obtain this essential information regarding the fluctuations in the stock market. This data can be any news or public opinions in general. Recently, many methods have been used, especially big unstructured data methods to predict the stock market values. We introduce another method of focusing on deriving the best statistical learning model for predicting the future values. The data set used is very large unstructured data collected from an online social platform, commonly known as Quindl. The data from this platform is then linked to a csv fie and cleaned to obtain the essential information for stock market prediction. The method consists of carrying out the NLP (Natural Language Processing) of the data and then making it easier for the system to understand, finds and identifies the correlation in between this data and the stock market fluctuations. The model is implemented using Python Programming Language throughout the entire project to obtain flexibility and convenience of the system.

  10. Hidden Markov Model for Stock Selection

    Nguyet Nguyen

    2015-10-01

    Full Text Available The hidden Markov model (HMM is typically used to predict the hidden regimes of observation data. Therefore, this model finds applications in many different areas, such as speech recognition systems, computational molecular biology and financial market predictions. In this paper, we use HMM for stock selection. We first use HMM to make monthly regime predictions for the four macroeconomic variables: inflation (consumer price index (CPI, industrial production index (INDPRO, stock market index (S&P 500 and market volatility (VIX. At the end of each month, we calibrate HMM’s parameters for each of these economic variables and predict its regimes for the next month. We then look back into historical data to find the time periods for which the four variables had similar regimes with the forecasted regimes. Within those similar periods, we analyze all of the S&P 500 stocks to identify which stock characteristics have been well rewarded during the time periods and assign scores and corresponding weights for each of the stock characteristics. A composite score of each stock is calculated based on the scores and weights of its features. Based on this algorithm, we choose the 50 top ranking stocks to buy. We compare the performances of the portfolio with the benchmark index, S&P 500. With an initial investment of $100 in December 1999, over 15 years, in December 2014, our portfolio had an average gain per annum of 14.9% versus 2.3% for the S&P 500.

  11. Manufacturing Capital Lingers in the Stock Market

    吴程涛; 段铸; 张景宇; 张曙光

    2008-01-01

    Pressured by a slowdown in exports, cost increases and dwindling returns to manufacturing investments, China’s manufacturing capital has begun to shift to the real-estate and stock markets. As a matter of fact, the stock market had already felt a shock a couple of years ago when top domestic manufacturers like Midea, Gree, TCL and LMZ started to invest their idle capital in the real-estate and stock markets. Investments of manufacturing capital in both the real estate and stock markets have increased fluid capital and pushed up the value of both markets. Booms in both markets have in turn guaranteed investment returns of manufacturing capital, which further increased the stock market valuations of manufacturing capital. Such a cycle has created interest chains between listed manufacturers, the stock market and the real-estate market. Along with the ups and downs of the stock and real-estate markets, manufacturing capital now faces a dilemma: to escape or to persist? Where should it escape? When can the markets be profitable again? Just like the classic Shakespearean question: to be or not to be, that is the question.

  12. Asymmetric conditional volatility in international stock markets

    Ferreira, Nuno B.; Menezes, Rui; Mendes, Diana A.

    2007-08-01

    Recent studies show that a negative shock in stock prices will generate more volatility than a positive shock of similar magnitude. The aim of this paper is to appraise the hypothesis under which the conditional mean and the conditional variance of stock returns are asymmetric functions of past information. We compare the results for the Portuguese Stock Market Index PSI 20 with six other Stock Market Indices, namely the SP 500, FTSE 100, DAX 30, CAC 40, ASE 20, and IBEX 35. In order to assess asymmetric volatility we use autoregressive conditional heteroskedasticity specifications known as TARCH and EGARCH. We also test for asymmetry after controlling for the effect of macroeconomic factors on stock market returns using TAR and M-TAR specifications within a VAR framework. Our results show that the conditional variance is an asymmetric function of past innovations raising proportionately more during market declines, a phenomenon known as the leverage effect. However, when we control for the effect of changes in macroeconomic variables, we find no significant evidence of asymmetric behaviour of the stock market returns. There are some signs that the Portuguese Stock Market tends to show somewhat less market efficiency than other markets since the effect of the shocks appear to take a longer time to dissipate.

  13. Cutting and machining energetic materials with a femtosecond laser

    Roeske, Frank; Benterou, Jerry; Lee, Ronald; Roos, Edward [Energetic Materials Center, Lawrence Livermore National Laboratory, P. O. Box 808, Livermore, CA 94550 (United States)

    2003-04-01

    A femtosecond (fs) laser has been used as a tool for solving many problems involving access, machining, disassembly, inspection and avoidance of undesirable hazardous waste streams in systems containing energetic materials. Because of the unique properties of the interaction of ultrashort laser pulses with matter, the femtosecond laser can be used to safely cut these energetic materials in a precise manner without creating an unacceptable waste stream. Many types of secondary high explosives (HE) and propellants have been cut with the laser for a variety of applications ranging from disassembly of aging conventional weapons (demilitarization), inspection of energetic components of aging systems to creating unique shapes of HE for purposes of initiation and detonation physics studies. Hundreds of samples of energetic materials have been cut with the fs laser without ignition and, in most cases, without changing the surface morphology of the cut surfaces. The laser has also been useful in cutting nonenergetic components in close proximity to energetic materials. (Abstract Copyright [2003], Wiley Periodicals, Inc.)

  14. Defect reduction for fabric cutting process to produce polo shirts : a case study of garment factory

    Panicha Suttanako

    2014-09-01

    Full Text Available This research aims to study the factors affecting the crooked fabric cutting and to present the new cutting procedure that complies with the factors affecting the crooked fabric cutting of a case study. The defect in fabric cutting process was crooked fabric making nonconforming product. The cause and effect diagram was utilized to analyze and suggest related factors leading to the problem. It was showed that the number of times of knife sharpening and the number of layers in fabric paving would affect the crooked fabric cutting the design of experiment was applied to determine appropriate the level of these factors. The main factor significantly affected the crooked fabric cutting (p < 0.05 was the number of times of knife sharpening, but the number of layers in fabric paving and interaction between both factors would not significantly affect the crooked fabric cutting. The number of times of knife sharpening in the level 4 had been sharpened twenty times in each cutting round. The least average defective proportion was 0.0173. Then the new cutting procedure would significantly reduce average defective proportion. It could reduce the average number of defective items as 5.74 pieces in each cutting round or 70.52 percents.

  15. Study of Cutting Edge Temperature and Cutting Force of End Mill Tool in High Speed Machining

    Kiprawi Mohammad Ashaari

    2017-01-01

    Full Text Available A wear of cutting tools during machining process is unavoidable due to the presence of frictional forces during removing process of unwanted material of workpiece. It is unavoidable but can be controlled at slower rate if the cutting speed is fixed at certain point in order to achieve optimum cutting conditions. The wear of cutting tools is closely related with the thermal deformations that occurred between the frictional contact point of cutting edge of cutting tool and workpiece. This research paper is focused on determinations of relationship among cutting temperature, cutting speed, cutting forces and radial depth of cutting parameters. The cutting temperature is determined by using the Indium Arsenide (InAs and Indium Antimonide (InSb photocells to measure infrared radiation that are emitted from cutting tools and cutting forces is determined by using dynamometer. The high speed machining process is done by end milling the outer surface of carbon steel. The signal from the photocell is digitally visualized in the digital oscilloscope. Based on the results, the cutting temperature increased as the radial depth and cutting speed increased. The cutting forces increased when radial depth increased but decreased when cutting speed is increased. The setup for calibration and discussion of the experiment will be explained in this paper.

  16. The dependence of Islamic and conventional stocks: A copula approach

    Razak, Ruzanna Ab; Ismail, Noriszura

    2015-09-01

    Recent studies have found that Islamic stocks are dependent on conventional stocks and they appear to be more risky. In Asia, particularly in Islamic countries, research on dependence involving Islamic and non-Islamic stock markets is limited. The objective of this study is to investigate the dependence between financial times stock exchange Hijrah Shariah index and conventional stocks (EMAS and KLCI indices). Using the copula approach and a time series model for each marginal distribution function, the copula parameters were estimated. The Elliptical copula was selected to present the dependence structure of each pairing of the Islamic stock and conventional stock. Specifically, the Islamic versus conventional stocks (Shariah-EMAS and Shariah-KLCI) had lower dependence compared to conventional versus conventional stocks (EMAS-KLCI). These findings suggest that the occurrence of shocks in a conventional stock will not have strong impact on the Islamic stock.

  17. Optical Cutting Interruption Sensor for Fiber Lasers

    Benedikt Adelmann

    2015-09-01

    Full Text Available We report on an optical sensor system attached to a 4 kW fiber laser cutting machine to detect cutting interruptions. The sensor records the thermal radiation from the process zone with a modified ring mirror and optical filter arrangement, which is placed between the cutting head and the collimator. The process radiation is sensed by a Si and InGaAs diode combination with the detected signals being digitalized with 20 kHz. To demonstrate the function of the sensor, signals arising during fusion cutting of 1 mm stainless steel and mild steel with and without cutting interruptions are evaluated and typical signatures derived. In the recorded signals the piercing process, the laser switch on and switch off point and waiting period are clearly resolved. To identify the cutting interruption, the signals of both Si and InGaAs diodes are high pass filtered and the signal fluctuation ranges being subsequently calculated. Introducing a correction factor, we identify that only in case of a cutting interruption the fluctuation range of the Si diode exceeds the InGaAs diode. This characteristic signature was successfully used to detect 80 cutting interruptions of 83 incomplete cuts (alpha error 3.6% and system recorded no cutting interruption from 110 faultless cuts (beta error of 0. This particularly high detection rate in combination with the easy integration of the sensor, highlight its potential for cutting interruption detection in industrial applications.

  18. Improving rooting uniformity in rose cuttings

    Telgen, van H.J.; Eveleens-Clark, B.A.; Garcia Victoria, N.

    2007-01-01

    Studies to improve rooting uniformity of single node stem cuttings for rose are reported. We found that the variation in shoot growth in a young rose crop depended on the variation in root number of the cuttings, which, in turn, was related to the auxin concentration applied to the cutting before

  19. Network Design for Container Shipping Using Cutting Planes

    The network design problem in container shipping is of increasing importance in the strongly competitive markets where potential cost reductions are of the utmost importance. We combine the network design and fleet assignment problem into a mixed integer linear programming model minimizing the ov...... the fact that the route of a ship allows for subtours, we introduce the concept of pseudo-simple routes. To solve the problem we use a branch and cut solution method using clover and capacity cuts we defined for the problem.......The network design problem in container shipping is of increasing importance in the strongly competitive markets where potential cost reductions are of the utmost importance. We combine the network design and fleet assignment problem into a mixed integer linear programming model minimizing...... the overall cost. The real-life container shipping network design problem differs in several ways from the standard network design problem. Examples of these differences are the cyclic routes of vessels and the fact that a route is continuously sailed for a given forecast period. To model these real...

  20. Seleção de flexibilidades de manufatura: uma analogia à carteira de ações para minimização de riscos e problemas no ambiente fabril Manufacturing flexibility selection: an analogy to the stock portfolio management for risk and problem minimization in the manufacturing environment

    Ualison Rébula Oliveira

    2010-01-01

    Full Text Available Para empresas de manufatura, vários autores recomendam a utilização da flexibilidade de manufatura para a minimização dos impactos prejudiciais que os riscos incutem às organizações. Entretanto, a característica multidimensional da flexibilidade de manufatura e os trade-offs existentes entre os diversos tipos dificultam a tarefa de se selecionar e adequar o grau de flexibilidade a ser adotado, frente às variáveis existentes. Além disso, a escolha indevida de tipos de flexibilidade para a solução de problemas pode gerar investimentos desnecessários e inadequados, ocasionando perda de capital e ineficiência no uso dos recursos flexíveis escolhidos para antecipação aos riscos. Assim, disponibilizar à gestão de operações resultados que permitam a seleção de diferentes tipos de flexibilidade, segundo as necessidades e a disponibilidade de recursos de cada empresa, torna-se crucial. Com esse propósito, efetuou-se uma pesquisa empírica que contemplou oito empresas de cinco segmentos industriais, na qual, por meio de uma analogia à diversificação de riscos em carteira de ações, propõe-se a composição de cinco diferentes tipos de carteiras de flexibilidades, para cinco diferentes segmentos industriais.Many authors recommend the use of manufacturing flexibility to minimize the harmful effects that risks instill in manufacturing companies. However, the multidimensional feature of manufacturing flexibility and the several different types of trade-offs make it difficult to select and customize the flexibility level to be adopted due to the existing variables. Moreover, choosing wrong types of flexibility for the solution of problems may lead to unnecessary and inadequate investments resulting in capital loss and inefficiency in the use of flexible resources for risk anticipation. Therefore, it becomes crucial to provide operations management with results that allow the selection of different types of flexibility according

  1. Financing R & D with Knowledge Stock Rentals

    John M. Hartwick

    1993-01-01

    We set out an endogenous growth model along the lines of Romer(1990) and investigate the implications of financing new knowledge production (R&D) with rental income accruing to the knowledge stock used in goods production. The knowledge stock is a non-public input in goods production. The balance growth rate under optimal growth can be greater or less than that under the invest knowledge stock rentals regime depends on the parameters of the production function and not on the parameters of pre...

  2. Oil Volatility Risk and Expected Stock Returns

    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...

  3. UNDERGROUND ECONOMY, GDP AND STOCK MARKET

    Caus Vasile Aurel

    2012-07-01

    Full Text Available Economic growth is affected by the size and dynamics of underground economy. Determining this size is a subject of research for many authors. In this paper we present the relationship between underground economy dynamics and the dynamics of stock markets. The observations are based on regression used by Tanzi (1983 and the relationship between GDP and stock market presented in Tudor (2008. The conclusion of this paper is that the dynamics of underground economy is influenced by dynamic of financial markets. Thus, using specific stock market mathematical tools analysis, one can analyze the dynamic of underground economy

  4. Danish building typologies and building stock analyses

    Wittchen, Kim Bjarne; Kragh, Jesper

    energy savings in residential buildings. The intension with this analysis was to investigate the possible energy reduction in Denmark if the same approach had been taken for the entire Danish building stock. The report concludes that the ZeroHome initiative clearly results in energy savings, but far from...... enough to meet the government’s plan to make Danish buildings free from use of fossil fuels by 2035. This will probably require around 50 % energy savings in the Danish building stock as a whole. However, the project has proven that dedicated engagement of locals can speed up market penetration...... for energy savings in the existing Building stock....

  5. Twitter as driver of stock price

    Jubbega, Annika

    2012-01-01

    The goal of this research is to examine the dynamic relationship of Twitter and stock price, by examining the effects for the ten most valuable brands according Interbrand (2010): Coca-Cola, IBM, Microsoft, Google, McDonald’s, Intel, Nokia, Disney, Toyota and Cisco. A VAR modelling approach captures the short and long term effects of Twitter to stock price and stock price to Twitter. Effects were found for 5 of the 10 brand. For Coca-Cola and Toyota, the number of brand sentiment tweets dri...

  6. Fish stocking density impacts tank hydrodynamics

    Rasmussen, Michael R.; Lunger, Angela; Laursen, Jesper

    2006-01-01

    The effect of stocking density upon the hydrodynamics of a circular tank, configured in a recirculation system, was investigated. Red drums Sciaenops ocellatus of approximately 140 g wet weight, were stocked at five rates varying from 0 to 12 kg m-3. The impact of the presence of fish upon tank...... hydrodynamics was established using in-tank-based Rhodamine WT fluorometry at a flow rate of 0.23 l s-1 (tank exchange rate of 1.9 h-1). With increasing numbers of animals, curvilinear relationships were observed for dispersion coefficients and tank mixing times. Stocking densities of 3, 6, 9 and 12 kg m-3...

  7. Stock-specific advection of larval walleye (Sander vitreus) in western Lake Erie: Implications for larval growth, mixing, and stock discrimination

    Fraker, Michael E.; Anderson, Eric J.; May, Cassandra J.; Chen, Kuan-Yu; Davis, Jeremiah J.; DeVanna, Kristen M.; DuFour, Mark R.; Marschall, Elizabeth A.; Mayer, Christine M.; Miner, Jeffery G.; Pangle, Kevin L.; Pritt, Jeremy J.; Roseman, Edward F.; Tyson, Jeffrey T.; Zhao, Yingming; Ludsin, Stuart A

    2015-01-01

    Physical processes can generate spatiotemporal heterogeneity in habitat quality for fish and also influence the overlap of pre-recruit individuals (e.g., larvae) with high-quality habitat through hydrodynamic advection. In turn, individuals from different stocks that are produced in different spawning locations or at different times may experience dissimilar habitat conditions, which can underlie within- and among-stock variability in larval growth and survival. While such physically-mediated variation has been shown to be important in driving intra- and inter-annual patterns in recruitment in marine ecosystems, its role in governing larval advection, growth, survival, and recruitment has received less attention in large lake ecosystems such as the Laurentian Great Lakes. Herein, we used a hydrodynamic model linked to a larval walleye (Sander vitreus) individual-based model to explore how the timing and location of larval walleye emergence from several spawning sites in western Lake Erie (Maumee, Sandusky, and Detroit rivers; Ohio reef complex) can influence advection pathways and mixing among these local spawning populations (stocks), and how spatiotemporal variation in thermal habitat can influence stock-specific larval growth. While basin-wide advection patterns were fairly similar during 2011 and 2012, smaller scale advection patterns and the degree of stock mixing varied both within and between years. Additionally, differences in larval growth were evident among stocks and among cohorts within stocks which were attributed to spatiotemporal differences in water temperature. Using these findings, we discuss the value of linked physical–biological models for understanding the recruitment process and addressing fisheries management problems in the world's Great Lakes.

  8. SUPPLY AND DEMAND ON THE RUSSIAN STOCK MARKET: A SOCIOECONOMIC ANALYSIS

    Борис Борисович Подгорный

    2013-04-01

    Full Text Available The stock market in advanced economies allows people to participate in the economic development by investing their savings in equities of leading and emerging industries. It solves a number of economic and social problems. There is less than 1% of the population takes part in investing in shares and other securities In Russia.The structure of Russian commercial organizations, the supply and demand of the Russian stock market are analyzes in the paper. Also the results of original sociological research explains the meaning of  the factors wich are limiting the population to investing in the stock market instruments. And there are some measures proposed for the further development of the Russian stock market.The results of the research have both theoretical and practical significance. That can be used in the development of national and regional activities aimed at the development of the Stock Market and attracting the Russian population to invest the Stock Market instruments.DOI: http://dx.doi.org/10.12731/2218-7405-2013-3-23

  9. Co-integration and Causality Among Jakarta Stock Exchange, Singapore Stock Exchange, and Kuala Lumpur Stock Exchange

    Febrian, Erie; Herwany, Aldrin

    2007-01-01

    For both risk management and portfolio selection purposes, modeling the linkage across financial markets is crucial, especially among neighboring stock markets. In investigating the dependence or co-movement of three or more stock markets in different countries, researchers frequently use co-integration and causality analysis. Nevertheless, they conducted the causality in mean tests but not the causality in variance tests. This paper examines the co-integration and causal relations among ...

  10. THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE

    Laduna R.

    2018-01-01

    Full Text Available Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI. The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price.

  11. Free-piston cutting machine

    Ciccarelli, Gaby; Subudhi, Manomohan; Hall, Robert E.

    2000-01-01

    A cutting machine includes a gun barrel for receiving a projectile. A compression tube is disposed in flow communication with the barrel and includes a piston therein. A reservoir is disposed in flow communication with the tube and receives a first gas under pressure. A second gas fills the compression tube on a front face of the piston. And, the pressurized first gas is discharged into the tube on a back face of the piston to accelerate the piston through the tube for compressing the second gas, and in turn launching the projectile through the barrel to impact a workpiece.

  12. Clinically lean; "cutting the crap".

    Caldwell, G

    2012-01-01

    Proponents of Lean Philosophy believe that successful businesses must reduce waste in working time and resources to a minimum, and maximise their use in productive work. The productive work of the Acute Medical Unit is to provide effective clinical management to a daily cohort of acutely ill patients. Many Clinicians are cynical about Lean. In this article, Dr Caldwell discusses how many clinicians complain of too much crap in the workplace, which gets in the way of swift, safe high quality clinical care. He argues that "Cutting the Crap" in the Acute Medical Unit is entirely consistent with Lean approaches to management of complex systems.

  13. Laser Cutting of Carbon Fiber Fabrics

    Fuchs, A. N.; Schoeberl, M.; Tremmer, J.; Zaeh, M. F.

    Due to their high weight-specific mechanical stiffness and strength, parts made from carbon fiber reinforced polymers (CFRP) are increasingly used as structural components in the aircraft and automotive industry. However, the cutting of preforms, as with most automated manufacturing processes for CFRP components, has not yet been fully optimized. This paper discusses laser cutting, an alternative method to the mechanical cutting of preforms. Experiments with remote laser cutting and gas assisted laser cutting were carried out in order to identify achievable machining speeds. The advantages of the two different processes as well as their fitness for use in mass production are discussed.

  14. Automated Laser Cutting In Three Dimensions

    Bird, Lisa T.; Yvanovich, Mark A.; Angell, Terry R.; Bishop, Patricia J.; Dai, Weimin; Dobbs, Robert D.; He, Mingli; Minardi, Antonio; Shelton, Bret A.

    1995-01-01

    Computer-controlled machine-tool system uses laser beam assisted by directed flow of air to cut refractory materials into complex three-dimensional shapes. Velocity, position, and angle of cut varied. In original application, materials in question were thermally insulating thick blankets and tiles used on space shuttle. System shapes tile to concave or convex contours and cuts beveled edges on blanket, without cutting through outer layer of quartz fabric part of blanket. For safety, system entirely enclosed to prevent escape of laser energy. No dust generated during cutting operation - all material vaporized; larger solid chips dislodged from workpiece easily removed later.

  15. Residential building stocks and flows as dynamic systems: Chilean dwelling stock and energy modeling, including earthquakes.

    Gallardo, Carla

    2012-01-01

    The building sector comprises a very important part of each country s economy, playing an important role in the consumption of resources and energy. In practice there is little knowledge on how the building stock develops. It is useful then to understand the dynamics and the metabolism of the built environment. Research on building stocks, predominantly on the residential sector, has been performed mainly for developed countries. There is little or none research on building stock for developi...

  16. Market Performance and Accounting Information as the Reference of Stocks Portfolio Formation in Indonesia Stock Exchange

    Pasaribu, Rowland Bismark Fernando

    2009-01-01

    This study aimed to a stock portfolio formed with composite of companies market (PER, PBV, ROE, EPS, PSR, and B/M, VaR) and accounting performance (ROE, and EPS) also their market capitalization in Indonesia Stock Exchange period 2003-2006. Some clarification need to achieved, such as: real difference among variabel refer to their market capitalization and influence of predictor to stock return. Hereinafter, the performance of selected portfolio were evaluated. The evaluation result conclude ...

  17. The Stock Market's Reaction to Unemployment News: Why Bad News is Usually Good for Stocks

    John H. Boyd; Ravi Jagannathan; Jian Hu

    2001-01-01

    We find that on average an announcement of rising unemployment is 'good news' for stocks during economic expansions and 'bad news' during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant for valuing stocks: information about future interest rates and future corporate earnings and divide...

  18. Rooting of stem cuttings of ixora

    Aline De Souza Silva

    2015-08-01

    Full Text Available The ixora is ornamental plant widely used in landscaping. In order to maximize the propagation of cuts, we evaluated the concentrations of auxin (indolbutiric acid and the presence of leaves on the rooting in cuts of Ixora coccinea L. The experiment was conducted in randomized block design, in factorial design 3x4, with three types of cuts (without leaf, with two or four leaves, four concentrations of indolbutiric acid (0, 1000, 2000 and 4000 mg L-1, with four replications and 10 cuts in each experimental unit. After 53 days of implantation the experiment, evaluated the survival(%, rooting(%, sprouting(%, formation of callus(%, number, length and biomass of roots formed. The interaction of the type of cuts with concentrations of auxin was not significant for any of the variables analyzed. The survival of cuttings was not influenced by the treatments. Cuts with two or four leaves presented rooting and length of roots above the cuttings without leaves. The application of auxin does not substitute the presence of leaf in cuts of ixora in vegetative propagation. The vegetative propagation by cut of ixora can be made without application of auxin, and the leaves must be maintained in the cuttings.

  19. Cutting method and cutting device for spent fuel rod of nuclear reactor

    Komatsu, Masahiko; Ose, Toshihiko.

    1996-01-01

    A control rod transferred under water in a vertically suspended state is postured horizontally at such a water depth that radiations can be shielded, and then it is cut to a dropping speed limiting portion and a cross-like main body. The separated cross-like main body portion is further cut in the longitudinal direction and separated into a pair of cut pieces each having an L-shaped cross section. A disk like metal saw is used as a cutting tool. Alternatively, a plasma jet cutter or a melting-type water jet cutter is used as a cutting tool. Then, since the spent control rod to be cut is postured horizontally under water, the water depth for the cutting position can be reduced. As a result, the cutting state using the cutting tool can be observed by naked eyes from the position above the water surface thereby enabling to perform the cutting operation reliably. (N.H.)

  20. Boosting Learning Algorithm for Stock Price Forecasting

    Wang, Chengzhang; Bai, Xiaoming

    2018-03-01

    To tackle complexity and uncertainty of stock market behavior, more studies have introduced machine learning algorithms to forecast stock price. ANN (artificial neural network) is one of the most successful and promising applications. We propose a boosting-ANN model in this paper to predict the stock close price. On the basis of boosting theory, multiple weak predicting machines, i.e. ANNs, are assembled to build a stronger predictor, i.e. boosting-ANN model. New error criteria of the weak studying machine and rules of weights updating are adopted in this study. We select technical factors from financial markets as forecasting input variables. Final results demonstrate the boosting-ANN model works better than other ones for stock price forecasting.