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Sample records for ground return ratio

  1. The Reference Return Ratio

    DEFF Research Database (Denmark)

    Nicolaisen, Jeppe; Faber Frandsen, Tove

    2008-01-01

    The paper introduces a new journal impact measure called The Reference Return Ratio (3R). Unlike the traditional Journal Impact Factor (JIF), which is based on calculations of publications and citations, the new measure is based on calculations of bibliographic investments (references) and returns...... (citations). A comparative study of the two measures shows a strong relationship between the 3R and the JIF. Yet, the 3R appears to correct for citation habits, citation dynamics, and composition of document types - problems that typically are raised against the JIF. In addition, contrary to traditional...

  2. Ground Return Current Behaviour in High Voltage Alternating Current Insulated Cables

    Directory of Open Access Journals (Sweden)

    Roberto Benato

    2014-12-01

    Full Text Available The knowledge of ground return current in fault occurrence plays a key role in the dimensioning of the earthing grid of substations and of cable sealing end compounds, in the computation of rise of earth potential at substation sites and in electromagnetic interference (EMI on neighbouring parallel metallic conductors (pipes, handrails, etc.. Moreover, the ground return current evaluation is also important in steady-state regime since this stray current can be responsible for EMI and also for alternating current (AC corrosion. In fault situations and under some assumptions, the ground return current value at a substation site can be computed by means of k-factors. The paper shows that these simplified and approximated approaches have a lot of limitations and only multiconductor analysis can show the ground return current behaviour along the cable (not only the two end values both in steady-state regime and in short circuit occurrence (e.g., phase-to-ground and phase-to-phase-to-ground. Multiconductor cell analysis (MCA considers the cable system in its real asymmetry without simplified and approximated hypotheses. The sensitivity of ground return current on circuit parameters (cross-bonding box resistances, substation earthing resistances, soil resistivity is presented in the paper.

  3. ANALISA PENGARUH BETA, SIZE PERUSAHAAN, DER DAN PBV RATIO TERHADAP RETURN SAHAM

    Directory of Open Access Journals (Sweden)

    Agung Sugiarto

    2012-03-01

    Full Text Available Penelitian ini bertujuan untuk memperlihatkan beberapa variabel yang menjadi pemrediksi stock return. Variabel tersebut adalah Beta, Company Size, DER ratio and PBV ratio. Berdasarkan analisis regresi, beta mempunyai dampak yang positif terhadap stock return tetapi tidak signifikan, besar kecilnya perusahaan dan rasio PBV mempunyai dampak positif dan signifikan, sedangkan rasio DER mempunyai dampak negative dan signifikan terhadap stock return. Dampak variabel-variabel pada stock return pada perusahaan-perusahaan yang terdaftar di Main Board Index (MBX lebih tinggi daripada perusahaan-perusahaan yang terdaftar pada Development Board Index (DBX. The research has a purpose for showing some factors that become the predictor for the stock return. They are Beta, Company Size, DER ratio and PBV ratio. From the reggresion analysis, the results say that beta have a positive effect to the stock return, but it is not significant; the company size and PBV ratio have a positive and significant effect to the stock return; while the DER ratio have a negative and significant effect to the stock return. The variables effect on stock return in companies that listed in Main Board Index (MBX is higher than in companies listed in Development Board Index (DBX.

  4. THE CORRELATION BETWEEN THE AUTONOMY RATIO AND THE RETURN ON EQUITY

    OpenAIRE

    Daniel BRÎNDESCU – OLARIU

    2014-01-01

    Previous studies conducted over companies from the Timis County indicate a negative correlation between the autonomy ratio and the bankruptcy risk. At the same time, high values of the autonomy ratio could have a negative effect on the return on equity. The current study aims to evaluate the relationship between the autonomy ratio and the return on equity. The target population included all the companies from the Timis County that have submitted financial statements to the fiscal authoriti...

  5. Analyzing traffic source impact on returning visitors ratio in information provider website

    Science.gov (United States)

    Prasetio, A.; Sari, P. K.; Sharif, O. O.; Sofyan, E.

    2016-04-01

    Web site performance, especially returning visitor is an important metric for an information provider web site. Since high returning visitor is a good indication of a web site’s visitor loyalty, it is important to find a way to improve this metric. This research investigated if there is any difference on returning visitor metric among three web traffic sources namely direct, referral and search. Monthly returning visitor and total visitor from each source is retrieved from Google Analytics tools and then calculated to measure returning visitor ratio. The period of data observation is from July 2012 to June 2015 resulting in a total of 108 samples. These data then analysed using One-Way Analysis of Variance (ANOVA) to address our research question. The results showed that different traffic source has significantly different returning visitor ratio especially between referral traffic source and the other two traffic sources. On the other hand, this research did not find any significant difference between returning visitor ratio from direct and search traffic sources. The owner of the web site can focus to multiply referral links from other relevant sites.

  6. Carbon Isotopic Ratios of Amino Acids in Stardust-Returned Samples

    Science.gov (United States)

    Elsila, Jamie E.; Glavin, Daniel P.; Dworkin, Jason P.

    2009-01-01

    NASA's Stardust spacecraft returned to Earth samples from comet 81P/Wild 2 in January 2006. Preliminary examinations revealed the presence of a suite of organic compounds including several amines and amino acids, but the origin of these compounds could not be identified. Here. we present the carbon isotopic ratios of glycine and E-aminocaproic acid (EACH), the two most abundant amino acids observed, in Stardust-returned foil samples measured by gas chromatography-combustion-isotope ratio crass spectrometry coupled with quadrupole mass spectrometry (GC-QMS/IRMS).

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

    Directory of Open Access Journals (Sweden)

    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

  8. THE CORRELATION BETWEEN THE AUTONOMY RATIO AND THE RETURN ON EQUITY

    Directory of Open Access Journals (Sweden)

    Daniel BRÎNDESCU – OLARIU

    2014-11-01

    Considering the relationship between the autonomy ratio and the bankruptcy risk as well as the relationship between the autonomy ratio and the return on equity, it is concluded that the optimum value of the autonomy ratio is placed within the interval [50%; 100%].

  9. PENGARUH PERUBAHAN RETURN ON ASSETS, PERUBAHAN DEBT TO EQUITY RATIO DAN PERUBAHAN CASH RATIO TERHADAP PERUBAHAN DIVIDEND PAYOUT RATIO

    Directory of Open Access Journals (Sweden)

    Yuli Soesetio

    2008-02-01

    Full Text Available Dividend Payout Ratio used to calculate all of revenue that will be accepted by stockholders as cash dividend, usually explained as percentage. This research was conducted to know several factors that affected change of Dividend Payout Ratio and to know the significance level and the correlation between dependent and independent variable. Analysis instrument used was parametric statistic. Based on the result of statistic test,  The Change of Return on Asset (X1, The Change of Debt to Equity Ratio (X2,  were able to explain dependent variable of the change Dividend Payout Ratio, and The Change of CashRatio can’t explain dependent variable of the change Dividend Payout Ratio

  10. Locating cloud-to-ground lightning return strokes by a neural network algorithm

    International Nuclear Information System (INIS)

    2001-01-01

    A neuro-based approach is proposed for locating cloud-to-ground lightning strokes. Due to insufficient experimental data, we have use the results of an electromagnetic simulator for training the developed artificial neural network. The simulator utilizes the well-known transmission line and is capable of predicting the electromagnetic field due to a return stroke channel for various parameters associated with the shape of the channel base-current. The training process has been successfully done using the Levenberg-Marquard technique. The simulation results demonstrate that the return stroke channel locations can be predicted with an absolute error not greater than 1 km for return stroke channels located within 80 km of a lightning detection station

  11. A General Mathematical Framework for Calculating Systems-Scale Efficiency of Energy Extraction and Conversion: Energy Return on Investment (EROI) and Other Energy Return Ratios

    OpenAIRE

    Adam R. Brandt; Michael Dale

    2011-01-01

    The efficiencies of energy extraction and conversion systems are typically expressed using energy return ratios (ERRs) such as the net energy ratio (NER) or energy return on investment (EROI). A lack of a general mathematical framework prevents inter-comparison of NER/EROI estimates between authors: methods used are not standardized, nor is there a framework for succinctly reporting results in a consistent fashion. In this paper we derive normalized mathematical forms of four ERRs for energy ...

  12. Interannual Variability of Fisheries Economic Returns and Energy Ratios Is Mostly Explained by Gear Type

    Science.gov (United States)

    Trenkel, Verena M.; Daurès, Fabienne; Rochet, Marie-Joëlle; Lorance, Pascal

    2013-01-01

    According to portfolio theory applied to fisheries management, economic returns are stabilised by harvesting in a portfolio stocks of species whose returns are negatively correlated and for which the portfolio economic return variance is smaller than the sum of stock specific return variances. Also, variability is expected to decrease with portfolio width. Using a range of indicators, these predictions were tested for the French fishing fleets in the Bay of Biscay (Northeast Atlantic) during the period 2001–2009. For this, vessels were grouped into eight fishing fleets based on the gears used and exploited species were grouped into five functional groups. The portfolio width of fleets ranged from 1–3 functional groups, or 4–19 species. Economic fleet returns (sale revenues minus fishing costs) varied strongly between years; the interannual variability was independent of portfolio width (species or functional groups). Energy ratio expressed by the ratio between fuel energy used for fishing and energy contained in landings varied from 0.3 for purse seines to 9.7 for trawlers using bottom trawls alone or in combination with pelagic trawls independent of portfolio width. Interannual variability in total sale revenues was larger than the sum of species specific sales revenue variability, except for fleets using hooks and pelagic trawlers; it increased with the number of species exploited. In conclusion, the interannual variability of economic returns or energy ratios of French fisheries in the Bay of Biscay did not decrease with the number of species or functional groups exploited, though it varied between fleets. PMID:23922951

  13. Pengaruh Return on Assets dan Debt to Equity Ratio terhadap Harga Saham pada Institusi Finansial di Bursa Efek Indonesia

    Directory of Open Access Journals (Sweden)

    Rani Ramdhani

    2013-03-01

    Full Text Available This study aims to determine the effect of Return on Assets and Debt to Equity Ratio of Stock Price on Financial Institutions in Indonesia Stock Exchange. This study used secondary data, with samples 2 financial companies in Indonesia Stock Exchange during the study period 2004-2010. Independent variables in this study are Return on Assets and Debt to Equity Ratio. This study used purposive sampling technique. The method of data analysis used classical assumption test, hypothesis test, multiple regression analysis, the F test and t test. Based on results of the study, Return on Assets and Debt to Equity Ratio have no significant effect on stock price. Meanwhile, the F test result shows that Return on Assets and Debt to Equity Ratio jointly have no effect on stock price.

  14. The relationship between size, book-to-market equity ratio, earnings–price ratio, and return for the Tehran stock Exchange

    Directory of Open Access Journals (Sweden)

    Mohammad Ali Sadeghi Lafmejani

    2016-01-01

    Full Text Available This paper presents an empirical investigation to determine whether or there is any difference between the returns of two value and growth portfolios, sorted by price-to-earnings (P/E and price-to-book value (P/BV, in terms of the ratios of market sensitivity to index (β, firm size and market liquidity in listed firms in Tehran Stock Exchange (TSE over the period 2001-2008. The selected firms were collected from those with existing two-consecutive positive P/E and P/BV ratios and by excluding financial and holding firms. There were five independent variables for the proposed study of this paper including P/E, P/B, market size, market sensitivity beta (β and market liquidity. In each year, we first sort firms in non-decreasing order and setup four set of portfolios with equal firms. Therefore, the first portfolio with the lowest P/E ratio is called value portfolio and the last one with the highest P/E ratio is called growth portfolio. This process was repeated based on P/BV ratio to determine value and growth portfolios, accordingly. The study investigated the characteristics of two portfolios based on firm size, β and liquidity. The study has implemented t-student and Levin’s test to examine different hypotheses and the results have indicated mix effects of market sensitivity, firm size and market liquidity on returns of the firms in various periods.

  15. Ratio K: a New Way of Metering and Evaluating the Risk and Return of Stock Investment

    Institute of Scientific and Technical Information of China (English)

    朱淑珍; 朱静怡

    2003-01-01

    Although widely used, both the Markowitz model and VAR (Value at Risk) model have some limitations in evaluating the risk and return of stock investnent.By the analysis of the conceptions of risk and return,together with the three hypotheses of technological analysis, a novelty model of metering and evaluating the risk and return of stock investnent is established.The major indicator of this model , risk-return ratio K, combines the characteristic indicators of risk and return. Regardless of the form of the risk-return probability density functions, this indicator K can always reflect the risk-return performances of the invested stocks clearly and accurately. How to use the model to make optimum investment and how to make portfolio combined with clustering analysis is also explained.

  16. A study on the effect of P/E and PEG ratios on stock returns: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Seyyed Ali Lajevardi

    2014-07-01

    Full Text Available This paper studies the effect of the ratios of P/E and PEG on stock returns of the firms accepted on Tehran Stock Exchange. The study uses regression and Pearson Correlation Coefficient based on the performance of 138 firms over the period 2004- 2009 according to the Iranian calendar to investigate the effects of P/E and PEG on stock returns. The study also uses the models originally proposed by Chahin and Choudhry (2010 [Chahin, S., & Choudhry, T. (2010. Price to earnings, growth radio and value growth based strategies. Social Science Research Network, 19(4.] to discuss the strategies of investing on stocks. The results show that the ratio of P/E had more effect on stock returns than the ratio of PEG and stocks returns had a direct relationship with P/E and an inverse relationship with PEG. In addition, the returns of growth stock were more than value stock.

  17. Nitrogen-isotope ratios of nitrate in ground water under fertilized fields, Long Island, New York

    Science.gov (United States)

    Flipse, W.J.; Bonner, F.T.

    1985-01-01

    Ground-water samples from two heavily fertilized sites in Suffolk County, New York, were collected through the 1978 growing season and analyzed for nitrate-N concentrations and nitrogen-isotope ratios. Six wells were at a potato farm; six were on a golf course. The purpose of this study was to determine whether the 15N/14N ratios (??15N values) of fertilizer are increased during transit from land surface to ground water to an extent which would preclude use of this ratio to distinguish agricultural from animal sources of nitrate in ground water. Ground water at both sites contained a greater proportion of 15N than the fertilizers being applied. At the potato farm, the average ??15N value of the fertilizers was 0.2???; the average ??15N value of the ground-water nitrate was 6.2???. At the golf course, the average ??15N value of the fertilizers was -5.9???, and that of ground-water nitrate was 6.5???. The higher ??15N values of ground-water nitrate are probably caused by isotopic fractionation during the volatile loss of ammonia from nitrogen applied in reduced forms (NH4+ and organic-N). The ??15N values of most ground-water samples from both areas were less than 10???, the upper limit of the range characteristic of agricultural sources of nitrate; these sources include both fertilizer nitrate and nitrate derived from increased mineralization of soil nitrogen through cultivation. Previous studies have shown that the ??15N values of nitrate derived from human or animal waste generally exceed 10???. The nitrogen-isotope ratios of fertilizer-derived nitrate were not altered to an extent that would make them indistinguishable from animal-waste-derived nitrates in ground water.Ground-water samples from two heavily fertilized sites in Suffolk County, New York, were collected through the 1978 growing season and analyzed for nitrate-N concentrations and nitrogen-isotope ratios. Six wells were at a potato farm; six were on a golf course. The purpose of this study was to

  18. Estimating Stocks Return with Decomposition of the Book-to-Market Ratio: Evidences from Bovespa

    Directory of Open Access Journals (Sweden)

    Juliano Ribeiro de Almeida

    2010-12-01

    Full Text Available The book-to-market (BM ratio differs across stocks because to differences in expected cashflows and expected returns. The central hypothesis is that the evolution of BM, in terms of past changes in price and book equity, contains information about future cashflows that can be used to improve estimates of expected returns. This article used a database of Economática to extract a sample of non-financial companies shares listed on BOVESPA and test this hypothesis. The estimated regressions were performed monthly during the period July 1996 to June 2008. Both for large and mid caps as for small caps, the results do not favor this hypothesis and show that only the most recent BM is important to predict the assets returns. Furthermore, stock issues and repurchases are also related to future cashflows and it is expected to improve estimates of expected returns. However, the results provide no evidence favoring that.

  19. Predicting returns and rent growth in the housing market using the rent-to-price ratio: Evidence from the OECD countries

    DEFF Research Database (Denmark)

    Engsted, Tom; Pedersen, Thomas Quistgaard

    We investigate the predictive power of the rent-to-price ratio for future real estate returns and rent growth in 18 OECD countries over the period 1970 to 2011. First, we document that in most countries returns are signi…cantly predictable by the rent-price ratio. An increase (decrease...... dependent on whether returns and rents are measured in nominal or real terms. Finally, there is some evidence of sub-sample instability in the predictive patterns, especially wrt. rent growth predictability. The predictability tests are conducted within a restricted VAR framework based on the dynamic Gordon...

  20. The energy efficiency of oil sands extraction: Energy return ratios from 1970 to 2010

    International Nuclear Information System (INIS)

    Brandt, Adam R.; Englander, Jacob; Bharadwaj, Sharad

    2013-01-01

    It has been argued that the oil sands industry is not energy efficient: comparatively large energy inputs are required per unit of energy output from oil sands operations. Unfortunately, quantitative work to date in this area has suffered from poor data availability and uncertain methods. We apply a new methodology and new dataset to compute ERRs (energy return ratios) for the oil sands industry. We collected monthly oil sands energy consumption and output data from 1970 to 2010. Current oil sands operations have mine mouth NERs (net energy returns) of about 6 GJ output per GJ of energy consumed and point of use energy returns of about 3 GJ/GJ. Long-term trends show oil sands operations becoming significantly more efficient: point of use NER increased from about 1 GJ/GJ in 1970 to 3 GJ/GJ in 2010. These energy returns are lower than those observed in historical conventional oil operations, but low energy returns are not likely to hinder development of oil sands operations due to the large resource in place and the ability for largely self-fueled pathways to return significant amounts of energy to society for every unit of external energy supplied. - Highlights: • Oil sands operations have become significantly more energy efficient over the history of the industry. • Oil sands production is largely fueled with energy from the bitumen resource itself, making external energy returns high. • Oil sands production is still significantly less efficient than conventional oil production

  1. The evolution of discharge current and channel radius in cloud-to-ground lightning return stroke process

    Science.gov (United States)

    Fan, Tingting; Yuan, Ping; Wang, Xuejuan; Cen, Jianyong; Chang, Xuan; Zhao, Yanyan

    2017-09-01

    The spectra of two negative cloud-to-ground lightning discharge processes with multi-return strokes are obtained by a slit-less high-speed spectrograph, which the temporal resolution is 110 μs. Combined with the synchronous electrical observation data and theoretical calculation, the physical characteristics during return strokes process are analysed. A positive correlation between discharge current and intensity of ionic lines in the spectra is verified, and based on this feature, the current evolution characteristics during four return strokes are investigated. The results show that the time from peak current to the half-peak value estimated by multi point-fitting is about 101 μs-139 μs. The Joule heat in per unit length of four return strokes channel is in the order of 105J/m-106 J/m. The radius of arc discharge channel is positively related to the discharge current, and the more intense the current is, the greater the radius of channel is. Furthermore, the evolution for radius of arc core channel in the process of return stroke is consistent with the change trend of discharge current after the peak value. Compared with the decay of the current, the temperature decreases more slowly.

  2. A study on the effect of size and ratio of book value to market value on excessive return

    Directory of Open Access Journals (Sweden)

    Seyed Mohsen Tabatabaei Mozdabadi

    2012-09-01

    Full Text Available Stock market plays an important role on demonstrating economy direction and it provides good opportunities for people who wish to purchase a small portion of different firms' shares. In this paper, we propose an empirical study to measure the impact of the market size and the ratio of book value on market value on excessive return. The study gathers the necessary information from some of active stock shares traded on Tehran Stock Exchange over the period of 2010-2011. The proposed model of this paper uses linear regression analysis to investigate the relationship between the excessive return and other factors. The study divides the information into seven equal groups and fits the regression model using ordinary least square technique. The results indicate that there is a negative relationship between size and excessive return and a positive relationship between the ratio of BV/MV and excessive return. Although the results of both tests are positive, we have to be more cautious about what have reported on the second hypothesis.

  3. 46 CFR 111.05-11 - Hull return.

    Science.gov (United States)

    2010-10-01

    ... 46 Shipping 4 2010-10-01 2010-10-01 false Hull return. 111.05-11 Section 111.05-11 Shipping COAST... REQUIREMENTS Equipment Ground, Ground Detection, and Grounded Systems § 111.05-11 Hull return. (a) A vessel's hull must not carry current as a conductor except for the following systems: (1) Impressed current...

  4. Lidar 2009 - All Returns

    Data.gov (United States)

    Kansas Data Access and Support Center — LIDAR-derived binary (.las) files containing classified points of all returns. We have 3 classifications Unclassified, Ground, Low points. The average Ground Sample...

  5. A General Mathematical Framework for Calculating Systems-Scale Efficiency of Energy Extraction and Conversion: Energy Return on Investment (EROI and Other Energy Return Ratios

    Directory of Open Access Journals (Sweden)

    Adam R. Brandt

    2011-08-01

    Full Text Available The efficiencies of energy extraction and conversion systems are typically expressed using energy return ratios (ERRs such as the net energy ratio (NER or energy return on investment (EROI. A lack of a general mathematical framework prevents inter-comparison of NER/EROI estimates between authors: methods used are not standardized, nor is there a framework for succinctly reporting results in a consistent fashion. In this paper we derive normalized mathematical forms of four ERRs for energy extraction and conversion pathways. A bottom-up (process model formulation is developed for an n-stage energy harvesting and conversion pathway with various system boundaries. Formations with the broadest system boundaries use insights from life cycle analysis to suggest a hybrid process model/economic input output based framework. These models include indirect energy consumption due to external energy inputs and embodied energy in materials. Illustrative example results are given for simple energy extraction and conversion pathways. Lastly, we discuss the limitations of this approach and the intersection of this methodology with “top-down” economic approaches.

  6. Flow and Pollutant Transport in Urban Street Canyons of Different Aspect Ratios with Ground Heating: Large-Eddy Simulation

    Science.gov (United States)

    Li, Xian-Xiang; Britter, Rex E.; Norford, Leslie K.; Koh, Tieh-Yong; Entekhabi, Dara

    2012-02-01

    A validated large-eddy simulation model was employed to study the effect of the aspect ratio and ground heating on the flow and pollutant dispersion in urban street canyons. Three ground-heating intensities (neutral, weak and strong) were imposed in street canyons of aspect ratio 1, 2, and 0.5. The detailed patterns of flow, turbulence, temperature and pollutant transport were analyzed and compared. Significant changes of flow and scalar patterns were caused by ground heating in the street canyon of aspect ratio 2 and 0.5, while only the street canyon of aspect ratio 0.5 showed a change in flow regime (from wake interference flow to skimming flow). The street canyon of aspect ratio 1 does not show any significant change in the flow field. Ground heating generated strong mixing of heat and pollutant; the normalized temperature inside street canyons was approximately spatially uniform and somewhat insensitive to the aspect ratio and heating intensity. This study helps elucidate the combined effects of urban geometry and thermal stratification on the urban canyon flow and pollutant dispersion.

  7. Pengaruh Indikator Rasio Keuangan Perusahaan Price Earning Ratio (PER dan Price to Book Value (PBV terhadap Return Portfolio Saham di Bursa Efek Jakarta

    Directory of Open Access Journals (Sweden)

    Barbara Gunawan

    2016-02-01

    Full Text Available This emerged during a kind of perception that the financial statements do not quite believable as the basis of capital market investment decisions. Using the results of the ratio of the financial statements as an object to be examined, the study will look at the extent of the influence indicator Price Earning Ratio and Price to Book Value of the Return Portfolio Shares on the Jakarta Stock Exchange. The results showed that of the portfolio is formed, it turns out the low indicators of Price Earning Ratio and Price to Book Value does not affect the portfolio return.

  8. A Comparison Study of Return Ratio-Based Academic Enrollment Forecasting Models. Professional File. Article 129, Spring 2013

    Science.gov (United States)

    Zan, Xinxing Anna; Yoon, Sang Won; Khasawneh, Mohammad; Srihari, Krishnaswami

    2013-01-01

    In an effort to develop a low-cost and user-friendly forecasting model to minimize forecasting error, we have applied average and exponentially weighted return ratios to project undergraduate student enrollment. We tested the proposed forecasting models with different sets of historical enrollment data, such as university-, school-, and…

  9. Measurements of CO2 Column Abundance in the Low Atmosphere Using Ground Based 1.6 μm CO2 DIAL

    Science.gov (United States)

    Abo, M.; Shibata, Y.; Nagasawa, C.

    2017-12-01

    Changes in atmospheric carbon dioxide (CO2) concentration are believed to produce the largest radiative forcing for the current climate system. Accurate predictions of atmospheric CO2 concentration rely on the knowledge of its sinks and sources, transports, and its variability with time. Although this knowledge is currently unsatisfactory, numerical models use it as a way in simulating CO2 fluxes. Validating and improving the global atmospheric transport model, therefore, requires precise measurement of the CO2 concentration profile. There are two further variations on Lidar: the differential absorption Lidar (DIAL) and the integrated path differential absorption (IPDA) Lidar. DIAL/IPDA are basically for profile/total column measurement, respectively. IPDA is a special case of DIAL and can measure the total column-averaged mixing ratio of trace gases using return signals from the Earth's surface or from thick clouds based on an airborne or a satellite. We have developed a ground based 1.6 μm DIAL to measure vertical CO2 mixing ratio profiles from 0.4 to 2.5 km altitude. The goals of the CO2 DIAL are to produce atmospheric CO2 mixing ratio measurements with much smaller seasonal and diurnal biases from the ground surface. But, in the ground based lidar, return signals from around ground surface are usually suppressed in order to handle the large dynamic range. To receive the return signals as near as possible from ground surface, namely, the field of view (FOV) of the telescope must be wide enough to reduce the blind range of the lidar. While the return signals from the far distance are very weak, to enhance the sensitivity and heighten the detecting distance, the FOV must be narrow enough to suppress the sky background light, especially during the daytime measurements. To solve this problem, we propose a total column measurement method from the ground surface to 0.4 km altitude. Instead of strong signals from thick clouds such as the IPDA, the proposed method uses

  10. Flow and Pollutant Transport in Urban Street Canyons of Different Aspect Ratios with Ground Heating: Large-Eddy Simulation

    OpenAIRE

    Li, Xian-Xiang; Koh, Tieh-Yong; Britter, Rex E; Norford, Leslie Keith; Entekhabi, Dara

    2010-01-01

    A validated large-eddy simulation model was employed to study the effect of the aspect ratio and ground heating on the flow and pollutant dispersion in urban street canyons. Three ground-heating intensities (neutral, weak and strong) were imposed in street canyons of aspect ratio 1, 2, and 0.5. The detailed patterns of flow, turbulence, temperature and pollutant transport were analyzed and compared. Significant changes of flow and scalar patterns were caused by ground heating in the street ca...

  11. Migratory connectivity of american woodcock using band return data

    Science.gov (United States)

    Moore, Joseph D.; Krementz, David G.

    2017-01-01

    American woodcock (Scolopax minor) are managed as a Central and an Eastern population in the United States and Canada based on band return data showing little crossover between populations or management regions. The observed proportion of crossover between management regions, however, depends on the criteria used to subset the band return data. We analyzed the amount of crossover between management regions using only band return records that represent complete migrations between the breeding and wintering grounds by using only band return records in which the capture took place during the breeding season and the band recovery took place during the wintering season or vice versa (n = 224). Additionally, we applied spatial statistics and a clustering algorithm to investigate woodcock migratory connectivity using this subset of migratory woodcock band return records. Using raw counts, 17.9% of records showed crossover between management regions, a higher proportion than the <5% crossover reported in studies that did not use only migratory band returns. Our results showed woodcock from the breeding grounds in the Central Region largely migrate to destinations within the Central Region, whereas woodcock from the breeding grounds in the Eastern Region migrate to destinations across the entire wintering range and mix with individuals from the Central Region. Using the division coefficient, we estimated that 54% of woodcock from the breeding grounds of the Eastern Region migrate to the Central Region wintering grounds. Our result that many woodcock from separate regions of the breeding grounds mix on the wintering grounds has implications for the 2-region basis for woodcock management. Elucidating finer scale movement patterns among regions provides a basis for reassessing the need for separate management regions to ensure optimal conservation and management of the species.

  12. Pengaruh Return On Equity, Price Earning Ratio, Price To Book Value Dan Inflasi Terhadap Harga Saham PT Bhakti Investama Tbk Jakarta

    Directory of Open Access Journals (Sweden)

    Pariang Siagian

    2011-11-01

    Full Text Available Investment on stocks is a high-risky investment to make investors to possibly gain a lot of profit. On the other hand, those investors might experience some big loss. Data collecting comes from theoretical books and other related references. Secondary data including Return On Equity (ROE, Price Earnings Ratio (PER, Earning Per Share (EPS, Book Value (BV, Price To Book Value (PBV and Stock Prices of PT Bhakti Investama Tbk. This research is intended to find whether Return On Equity (ROE, Price Earnings Ratio (PER, Price To Book Value (PBV and Inflation, have some influences on the Stock Price of PT Bhakti Investama Tbk., both partially and entirely; and how much the influences are.

  13. ANALISIS PENGARUH REKONFIGURASI GROUNDING KABEL POWER 20 kV TERHADAP ERROR RATIO CURRENT TRANSFORMERS PELANGGAN TEGANGAN MENENGAH DI HOTEL GOLDEN TULIP SEMINYAK

    Directory of Open Access Journals (Sweden)

    Kadek Amerta Yasa

    2017-10-01

    Full Text Available Hotel Golden Tulip Seminyak  merupakan pelanggan listrik tegangan menengah yang sangat potensial. Pada penelitian di hotel ini,  kami menemukan bahwa error ratio trafo arus sebelum rekonfigurasi grounding berkisar – 67% dan rugi-rugi daya sebesar - 214.809,00 W pada persentase beban 20%.  Error ratio memengaruhi arus yang terbaca di sisi sekunder trafo dan juga memengaruhi rugi daya.  Upaya yang dilakukan untuk mengurangi nilai error ratio dan rugi daya tersebut yaitu dengan melakukan rekonfigurasi grounding yaitu dengan memindahkan posisi tap grounding kabel power 20 kV masuk kembali melalui sisi primer trafo arus.  Nilai error ratio setelah rekonfigurasi grounding diperoleh berkisar – 0,05% dan  rugi-rugi daya - 20,18 W pada persentase beban 20%.

  14. ANALISIS PENGARUH LDR, NPL DAN OPERATIONAL EFFICIENCY RATIO TERHADAP RETURN ON ASSETS PADA BANK DEVISA DI INDONESIA PERIODE 2010-2012

    OpenAIRE

    Hamidah Hamidah; Goldan Merion Siallagan; Umi Mardiyati

    2014-01-01

    This research is performed on order to test analysis the influence of the Loan to Deposit Ratio (LDR), Non Performing Loan (NPL) and Operational Efficiency Ratio (OER) toward Return On Asset (ROA) On Foreign Exchange Banks In Indonesia Period 2010-2012. Methodology research as the sample used purposive sampling, samplewas accured fromforeign banks in Indonesia. Data analysis with multi liniearregression of ordinary least square and hypotheses test used t-statistic and Fstatistic, a classic as...

  15. Capital Structure and Stock Returns

    OpenAIRE

    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...

  16. AN EMPIRICAL INVESTIGATION OF THE RELATIONSHIP AMONG P/E RATIO, STOCK RETURN AND DIVIDEND YIELS FOR ISTANBUL STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Funda H. SEZGIN

    2010-01-01

    Full Text Available The price to earnings ratio (P/E is widely used, particularly by practitioners, as a measure of relative stock valuation. Price to earnings is an indicator which indicates current mood of investors how much they are willing to pay per unit of company earnings. Traditionally, the P/E ratio has been assumed to be an indicator of the quality of an investment; a relatively low P/E ratio implies a good investment, whereas a relatively high P/E ratio indicates a “poor” investment prospect. The aim of this study is to identify relationship among market stock return, dividend yields and price to earnings ratio affect in the period 2000.01-2009.12. Therefore, to determine long-run and short-run relationship, Johansen cointegration tests, error-correction models and Granger causality tests are used.

  17. Considering Students' Cost of a Dental Education: Return on Investment and Debt to Income Ratio.

    Science.gov (United States)

    Formicola, Allan J

    2017-08-01

    The cost for students of a dental education has become an issue of concern. This article explores the return on investment and the debt to income ratio of studying dentistry. These two measures are monitored to gain perspective on whether the cost of education pays off in earnings. The factors underlying these measures and a discussion of them are included. The purpose of this article is to focus attention on one of the current issues facing dental schools in the United States. This article was written as part of the project "Advancing Dental Education in the 21 st Century."

  18. Ground-based remote sensing of HDO/H2O ratio profiles: introduction and validation of an innovative retrieval approach

    Science.gov (United States)

    Schneider, M.; Hase, F.; Blumenstock, T.

    2006-10-01

    We propose an innovative approach for analysing ground-based FTIR spectra which allows us to detect variabilities of lower and middle/upper tropospheric HDO/H2O ratios. We show that the proposed method is superior to common approaches. We estimate that lower tropospheric HDO/H2O ratios can be detected with a noise to signal ratio of 15% and middle/upper tropospheric ratios with a noise to signal ratio of 50%. The method requires the inversion to be performed on a logarithmic scale and to introduce an inter-species constraint. While common methods calculate the isotope ratio posterior to an independent, optimal estimation of the HDO and H2O profile, the proposed approach is an optimal estimator for the ratio itself. We apply the innovative approach to spectra measured continuously during 15 months and present, for the first time, an annual cycle of tropospheric HDO/H2O ratio profiles as detected by ground-based measurements. Outliers in the detected middle/upper tropospheric ratios are interpreted by backward trajectories.

  19. Surveying effects of forward-backward P/E‎‎ ratios on stock's return and ‎fluctuation in Tehran's stock exchange

    Directory of Open Access Journals (Sweden)

    Younos VakilAlroaia

    2012-08-01

    Full Text Available The aim of this study is to study the relationship between forward-backward effects on stock return, which normally depends on Price-Earnings ratio (P/E‎ and stock fluctuation in stock exchange. Monthly time series pattern of Tehran stock exchange are used monthly from 2006 to 2010. The data contains all available companies in exchange where the shares were traded at the least 120 days during for the recent 12 months. The results of this research show that the independent variables investigated in this research have meaningful effects on the research's dependent variable. This means that the effects of company’s systematic risk and markets risk on companies’ stock return are positive.

  20. The effects of return on investment, sales growth rate, volatility of investment, cash flow and structure of institutional shareholders on the ratio of debt to equities

    Directory of Open Access Journals (Sweden)

    Jalal Golmohammadi

    2015-12-01

    Full Text Available This paper presents a study to measure the effects of return on investment, sales growth rate, volatility investment, cash flow and structure of institutional shareholders on the ratio of debt to equities. The study selects 102 firms listed on Tehran Stock Exchange and, using regression technique with Panel data, examines five different hypotheses over the period 2008-2012. The results indicate that there was a negative and meaningful relationship between return of investment and the ratio of debt to equities and a positive and meaningful relationship between sales growth and the ratio of debt to equities. Moreover, there were positive and meaningful relationships between volatility of investment as well as cash flow and the ratio of debt to equities. Finally, the survey has indicated that there was a negative and meaningful relationship between the structure of institutional shareholders and the ratio of debt to equities.

  1. PERAN PROFITABILITAS DAN LIKUIDITAS SERTA DIVIDEN PAYOUT RATIO TERHADAP RETURN SAHAM

    Directory of Open Access Journals (Sweden)

    Riawan

    2016-10-01

    Full Text Available This study was conducted to examine the influence of fundamental factors of profitability and liquidity on dividend policy (DPR. And furthermore the influence of profitability, liquidity and dividend policy (DPR to return stock in companies incorporated in the Jakarta Islamic Index listed on the Indonesia Stock Exchange for the period 2010-2013. The sampling technique used in this research is purposive sampling with criteria : (1 It is listed in Indonesia Stock Exchange 2010-2013. (2 It is always seem annual financial statements for the period 2010- 2013. (3 It is always pay dividends. The data required in this study were drawn from the Indonesian Capital Market Directory (ICMD from 2010 to 2013 consisting of 20 companies. Multiple regression analysis of the data. Hypothesis test used the t-statistic at the 5% significance level. The results showed profitability and dividend policy (DPR have a significant effect on stock returns. These results indicate that the performance of the fundamental factors of profitability and dividend payout on stock returns are used by investors to predict stock returns manufacturing companies listed in Indonesia Stock Exchange in2010-2013.

  2. Has the athlete trained enough to return to play safely? The acute:chronic workload ratio permits clinicians to quantify a player's risk of subsequent injury.

    Science.gov (United States)

    Blanch, Peter; Gabbett, Tim J

    2016-04-01

    The return to sport from injury is a difficult multifactorial decision, and risk of reinjury is an important component. Most protocols for ascertaining the return to play status involve assessment of the healing status of the original injury and functional tests which have little proven predictive ability. Little attention has been paid to ascertaining whether an athlete has completed sufficient training to be prepared for competition. Recently, we have completed a series of studies in cricket, rugby league and Australian rules football that have shown that when an athlete's training and playing load for a given week (acute load) spikes above what they have been doing on average over the past 4 weeks (chronic load), they are more likely to be injured. This spike in the acute:chronic workload ratio may be from an unusual week or an ebbing of the athlete's training load over a period of time as in recuperation from injury. Our findings demonstrate a strong predictive (R(2)=0.53) polynomial relationship between acute:chronic workload ratio and injury likelihood. In the elite team setting, it is possible to quantify the loads we are expecting athletes to endure when returning to sport, so assessment of the acute:chronic workload ratio should be included in the return to play decision-making process. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://www.bmj.com/company/products-services/rights-and-licensing/

  3. Habit formation, surplus consumption and return predictability

    DEFF Research Database (Denmark)

    Engsted, Tom; Hyde, Stuart; Vinther Møller, Stig

    2010-01-01

    On an international post World War II dataset, we use an iterated GMM procedure to estimate and test the Campbell and Cochrane (1999, By force of habit: a consumption-based explanation of aggregate stock market behavior. Journal of Political Economy 107, 205–251.) habit formation model with a time......-varying risk-free rate. In addition, we analyze the predictive power of the surplus consumption ratio for future stock and bond returns. We find that, although there are important cross-country differences and economically significant pricing errors, for the majority of countries in our sample the model gets...... significant information about future stock returns, also during the 1990s. In addition, in most countries the surplus consumption ratio is also a powerful predictor of future bond returns. Thus, the surplus consumption ratio captures time-varying expected returns in both stock and bond markets....

  4. Alteration of the ground state by external magnetic fields. [External field, coupling constant ratio, static tree level approximation

    Energy Technology Data Exchange (ETDEWEB)

    Harrington, B J; Shepard, H K [New Hampshire Univ., Durham (USA). Dept. of Physics

    1976-03-22

    By fully exploiting the mathematical and physical analogy to the Ginzburg-Landau theory of superconductivity, a complete discussion of the ground state behavior of the four-dimensional Abelian Higgs model in the static tree level approximation is presented. It is shown that a sufficiently strong external magnetic field can alter the ground state of the theory by restoring a spontaneously broken symmetry, or by creating a qualitatively different 'vortex' state. The energetically favored ground state is explicitly determined as a function of the external field and the ratio between coupling constants of the theory.

  5. Circularly Polarized Slotted Microstrip Patch Antenna with Finite Ground Plane

    Directory of Open Access Journals (Sweden)

    Sanyog Rawat

    2012-12-01

    Full Text Available In this paper a new geometry of circularly polarized patch antenna is proposed with improved bandwidth. The radiation performance of proposed patch antenna is investigated using IE3D simulation software and its performance is compared with that of conventional rectangular patch antenna. The simulated return loss, axial ratio and impedance with frequency for the proposed antenna are reported in this paper. It is shown that by selecting suitable ground-plane dimensions, air gap and location of the slots, the impedance bandwidth can be enhanced upto 10.15% as compared to conventional rectangular patch (4.24% with an axial ratio bandwidth of 4.05%.

  6. Determination of 36Cl/Cl ratio in ground water using the accelerator mass spectrometry technique

    International Nuclear Information System (INIS)

    Sharma, Suman; Deodhar, A.S.; Saravana Kumar, U.; Surendran, P.; Shrivastava, A.; Gupta, A.K.; Nair, J.P.; Yadav, M.L.; Hemalatha, M.; Sparrow, H.; Mahata, K.; Thomas, R.G.; Bhagwat, P.V.; Kailas, S.; Kale, R.M.

    2009-01-01

    The Accelerator Mass Spectrometry (AMS) programme using the 14 MV Pelletron Accelerator at Mumbai has been initiated with major emphasis on the determination of 36 Cl in water samples, of interest to hydrology and environment. In order to carry out the AMS measurement, a beam chopper to cut down beam intensity by a factor of 20 has been developed and commissioned. A multi-anode gas -si detector has been built to separate 36 Cl from the interfering 36 S. A new TPS system has been procured to operate the machine in the GVM mode. Standard and blank samples from Prime lab, Purdue have been employed in these measurements to standardise the technique for 36 Cl/Cl ratio determination. The detector was calibrated using the stable 35,37 Cl ions. The background 36 Cl in the system has been measured using the blank sample from Purdue and it was estimated that the ratio of 36 Cl/Cl was of the order of 10 -13 in the present setup. Ground water samples collected from South India were converted to AgCl and put in the SNICS ion source for the AMS measurements. These ground water samples, with 14 C content estimated to be in the range of 1 to 4 pMC indicate that the samples may be more than 35,000 years old. Using the AMS technique we have determined the 36 Cl/Cl ratio values for these ground water samples. They are found to range between 2 to 5 x 10 -12 . Additional measurements are planned to determine the age of the water samples and to understand the reasons for the observed high values of 36 Cl in these samples. (author)

  7. Some features of stepped and dart-stepped leaders near the ground in natural negative cloud-to-ground lightning discharges

    Directory of Open Access Journals (Sweden)

    X. Qie

    2002-06-01

    Full Text Available Characteristics of the electric fields produced by stepped and dart-stepped leaders 200 µs just prior to the return strokes during natural negative cloud-to-ground (CG lightning discharges have been analyzed by using data from a broad-band slow antenna system with 0.08 µs time resolution in southeastern China. It has been found that the electric field changes between the last stepped leader and the first return stroke could be classified in three categories. The first type is characterized by a small pulse superimposed on the abrupt beginning of the return stroke, and accounts for 42% of all the cases. The second type accounts for 33.3% and is characterized by relatively smooth electric field changes between the last leader pulse and the following return stroke. The third type accounts for 24.7%, and is characterized by small pulses between the last recognizable leader pulse and the following return stroke. On the average, the time interval between the successive leader pulses prior to the first return strokes and subsequent return strokes was 15.8 µs and 9.4 µs, respectively. The distribution of time intervals between successive stepped leader pulses is quite similar to Gaussian distribution while that for dart-stepped leader pulses is more similar to a log-normal distribution. Other discharge features, such as the average time interval between the last leader step and the first return stroke peak, the ratio of the last leader pulse peak to that of the return stroke amplitude are also discussed in the paper.Key words. Meteology and atmospheric dynamics (atmospheric electricity; lightning – Radio science (electromagnetic noise and interference

  8. Some features of stepped and dart-stepped leaders near the ground in natural negative cloud-to-ground lightning discharges

    Directory of Open Access Journals (Sweden)

    X. Qie

    Full Text Available Characteristics of the electric fields produced by stepped and dart-stepped leaders 200 µs just prior to the return strokes during natural negative cloud-to-ground (CG lightning discharges have been analyzed by using data from a broad-band slow antenna system with 0.08 µs time resolution in southeastern China. It has been found that the electric field changes between the last stepped leader and the first return stroke could be classified in three categories. The first type is characterized by a small pulse superimposed on the abrupt beginning of the return stroke, and accounts for 42% of all the cases. The second type accounts for 33.3% and is characterized by relatively smooth electric field changes between the last leader pulse and the following return stroke. The third type accounts for 24.7%, and is characterized by small pulses between the last recognizable leader pulse and the following return stroke. On the average, the time interval between the successive leader pulses prior to the first return strokes and subsequent return strokes was 15.8 µs and 9.4 µs, respectively. The distribution of time intervals between successive stepped leader pulses is quite similar to Gaussian distribution while that for dart-stepped leader pulses is more similar to a log-normal distribution. Other discharge features, such as the average time interval between the last leader step and the first return stroke peak, the ratio of the last leader pulse peak to that of the return stroke amplitude are also discussed in the paper.

    Key words. Meteology and atmospheric dynamics (atmospheric electricity; lightning – Radio science (electromagnetic noise and interference

  9. RASIO KEUANGAN PENGUKUR KINERJA PERUSAHAAN DAN DAMPAKNYA TERHADAP EKSPEKTASI RETURN SAHAM

    Directory of Open Access Journals (Sweden)

    Yarnest Yarnest

    2017-03-01

    Full Text Available This research was intended to know and to describe BUMN firm performance listed at Indonesian Stock Exchange.It measured finance ratios and its impact to expectation return good stock partially and simultaneously.This observational object was corporate BUMN listed at Indonesian Stock Exchange, period 2005-2009. Thisresearch used design ex post facto. Exhaustive observational corporate BUMN listed at Indonesian Stock Exchange(BEI were 13 firms. Because of little population, the method used was census method. Analysis techniquesused were analysis multiple regression, quiz f and quiz t, data processing by programs Aviews version 6.0. Theresult of observation showed that liquidity ratio, leverage ratio, activity ratio, profitability ratio and stock ratiocould measure simultaneous firm and performance impacted significant to expectation return stock. Activityratio consisted of average collection period and inventory turnover and stock ratio consisted of price earning ratioand book value per share partially impacted significant to expectation return stock. Meanwhile ratio was liquidity,leverage ratio. Profitability ratio partially did not impact significantly to expectation return stock. Stock ratiomeasured by book value per share constituting impacted as the dominant factor on exspectation return stock.

  10. Bipolar cloud-to-ground lightning flash observations

    Science.gov (United States)

    Saba, Marcelo M. F.; Schumann, Carina; Warner, Tom A.; Helsdon, John H.; Schulz, Wolfgang; Orville, Richard E.

    2013-10-01

    lightning is usually defined as a lightning flash where the current waveform exhibits a polarity reversal. There are very few reported cases of cloud-to-ground (CG) bipolar flashes using only one channel in the literature. Reports on this type of bipolar flashes are not common due to the fact that in order to confirm that currents of both polarities follow the same channel to the ground, one necessarily needs video records. This study presents five clear observations of single-channel bipolar CG flashes. High-speed video and electric field measurement observations are used and analyzed. Based on the video images obtained and based on previous observations of positive CG flashes with high-speed cameras, we suggest that positive leader branches which do not participate in the initial return stroke of a positive cloud-to-ground flash later generate recoil leaders whose negative ends, upon reaching the branch point, traverse the return stroke channel path to the ground resulting in a subsequent return stroke of opposite polarity.

  11. A multiscale curvature algorithm for classifying discrete return LiDAR in forested environments

    Science.gov (United States)

    Jeffrey S. Evans; Andrew T. Hudak

    2007-01-01

    One prerequisite to the use of light detection and ranging (LiDAR) across disciplines is differentiating ground from nonground returns. The objective was to automatically and objectively classify points within unclassified LiDAR point clouds, with few model parameters and minimal postprocessing. Presented is an automated method for classifying LiDAR returns as ground...

  12. The ratio of long-lived to short-lived radon-222 progeny concentrations in ground-level air

    International Nuclear Information System (INIS)

    Hoetzl, H.; Winkler, R.

    1996-01-01

    The ratio of 210 Pb air concentration to the short-lived radon ( 222 Rn) decay products concentration at ground level was investigated at a semi-rural location 10 km north of Munich, south Germany, for a period of 11 years (1982-1992). The average ratio from 132 monthly mean values has been found to be (7.5±2.2) x 10 -5 (arithmetic mean±S.D.). While the time series of the short-lived radon daughter concentration exhibit a distinct seasonal pattern with maxima mostly in October of each year, the course of 210 Pb air concentration is characterized by high values from October through February. Consequently, high ratios of 210 Pb to short-lived decay product concentration are often observed in the winter months of December-February. To study the influence of meteorological conditions on this behaviour, 210 Pb and 214 Pb concentrations were measured on a short-term basis with sampling intervals of 2-3 days from October 1991 to November 1992. The air concentrations obtained within those intervals were then correlated with actual meteorological parameters. On the base of this investigation the seasonal behaviour can essentially be explained by the more frequent inversion weather conditions in winter than in the summer months. At the same location, the average ratio of 210 Po to 210 Pb concentration in ground level air has been found to be 0.079 from 459 weakly mean values between 1976 and 1985. Hence, the corresponding average ratios of the short-lived radon daughters (EEC) to 210 Pb and 210 Po, were 1:7.5x10 -5 and 1:0.6 x 10 -5 , respectively

  13. Characteristics of lightning leader propagation and ground attachment

    Science.gov (United States)

    Jiang, Rubin; Qie, Xiushu; Wang, Zhichao; Zhang, Hongbo; Lu, Gaopeng; Sun, Zhuling; Liu, Mingyuan; Li, Xun

    2015-12-01

    The grounding process and the associated leader behavior were analyzed by using high-speed video record and time-correlated electric field change for 37 natural negative cloud-to-ground flashes. Weak luminous grounded channel was recognized below the downward leader tip in the frame preceding the return stroke, which is inferred as upward connecting leader considering the physical process of lightning attachment, though not directly confirmed by sequential frames. For stepped leader-first return strokes, the upward connecting leaders tend to be induced by those downward leader branches with brighter luminosity and lower channel tip above ground, and they may accomplish the attachment with great possibility. The upward connecting leaders for 2 out of 61 leader-subsequent stroke sequences were captured in the frame prior to the return stroke, exhibiting relatively long channel lengths of 340 m and 105 m, respectively. The inducing downward subsequent leaders were of the chaotic type characterized by irregular electric field pulse train with duration of 0.2-0.3 ms. The transient drop of the high potential difference between stepped leader system and ground when the attachment occurred would macroscopically terminate the propagation of those ungrounded branches while would not effectively prevent the development of the existing space stem systems in the low-conductivity streamer zone apart from the leader tip. When the ungrounded branches are of poor connection with the main stroke channel, their further propagation toward ground would be feasible. These two factors may contribute to the occurrence of multiple grounding within the same leader-return stroke sequence.

  14. Depth-dependent Vertical-to-Horizontal (V/H) Ratios of Free-Field Ground Motion Response Spectra for Deeply Embedded Nuclear Structures

    Energy Technology Data Exchange (ETDEWEB)

    Wei, X. [Brookhaven National Lab. (BNL), Upton, NY (United States); Braverman, J. [Brookhaven National Lab. (BNL), Upton, NY (United States); Miranda, M. [Brookhaven National Lab. (BNL), Upton, NY (United States); Rosario, M. E. [Brookhaven National Lab. (BNL), Upton, NY (United States); Costantino, C. J. [Brookhaven National Lab. (BNL), Upton, NY (United States)

    2015-02-01

    This report documents the results of a study to determine the depth-dependent V/H ratios of ground motion response spectra in the free field. The V/H ratios reported herein were developed from a worldwide database of surface and downhole acceleration recordings obtained from 45 vertical array stations. This database was specifically compiled for this project, and includes information from a diversity of active tectonic regions (California, Alaska, Taiwan, Japan), site conditions (rock to soft soil), ground motion intensity levels (PGAs between 0.01 g and 0.50 g), magnitudes (between ML 2.78 and JMA 8.1), epicentral distances (between 3.2 km and 812 km), and source depths (between 1.2 km and 112 km), as well as sensors at surface and at a wide range of depths relevant to the project. To study the significance of the depth effect, V/H ratios from all the records were sorted into a number of depth bins relevant to the project, and statistics (average, standard deviation, coefficient of variation, 16th, 50th, and 84th percentiles) of the V/H ratios within each bin were computed. Similar analyses were repeated, controlling for different site conditions, ground motion intensity levels, array locations, and source depths, to study their relative effect on the V/H ratios. Our findings confirm the importance of the depth effect on the V/H ratios. The research findings in this report can be used to provide guidance on the significance of the depth effect, and the extent to which this effect should be considered in the seismic design of deeply embedded SMR structures and NPP structures in general.

  15. Modeling of SAR returns from a red pine stand

    Science.gov (United States)

    Lang, R. H.; Kilic, O.; Chauhan, N. S.; Ranson, J.

    1992-01-01

    Bright P-band radar returns from red pine forests have been observed on synthetic aperture radar (SAR) images in Bangor, Maine. A plot of red pine trees was selected for the characterization and modeling to understand the cause of the high P-band returns. The red pine stand under study consisted of mature trees. Diameter at breast height (DBH) measurements were made to determine stand density as a function of tree diameter. Soil moisture and bulk density measurements were taken along with ground rough surface profiles. Detailed biomass measurements of the needles, shoots, branches, and trunks were also taken. These site statistics have been used in a distorted Born approximation model of the forest. Computations indicate that the direct-reflected or the double-bounce contributions from the ground are responsible for the high observed P-band returns for HH polarization.

  16. The ratio of long-lived to short-lived radon-222 progeny concentrations in ground-level air

    Energy Technology Data Exchange (ETDEWEB)

    Hoetzl, H.; Winkler, R. [Institut fuer Strahlenschutz, GSF-Forschungszentrum fuer Umwelt und Gesundheit, Neuherberg Oberschleissheim (Germany)

    1996-02-09

    The ratio of {sup 210}Pb air concentration to the short-lived radon ({sup 222}Rn) decay products concentration at ground level was investigated at a semi-rural location 10 km north of Munich, south Germany, for a period of 11 years (1982-1992). The average ratio from 132 monthly mean values has been found to be (7.5{+-}2.2) x 10{sup -5} (arithmetic mean{+-}S.D.). While the time series of the short-lived radon daughter concentration exhibit a distinct seasonal pattern with maxima mostly in October of each year, the course of {sup 210}Pb air concentration is characterized by high values from October through February. Consequently, high ratios of {sup 210}Pb to short-lived decay product concentration are often observed in the winter months of December-February. To study the influence of meteorological conditions on this behaviour, {sup 210}Pb and {sup 214}Pb concentrations were measured on a short-term basis with sampling intervals of 2-3 days from October 1991 to November 1992. The air concentrations obtained within those intervals were then correlated with actual meteorological parameters. On the base of this investigation the seasonal behaviour can essentially be explained by the more frequent inversion weather conditions in winter than in the summer months. At the same location, the average ratio of {sup 210}Po to {sup 210}Pb concentration in ground level air has been found to be 0.079 from 459 weakly mean values between 1976 and 1985. Hence, the corresponding average ratios of the short-lived radon daughters (EEC) to {sup 210}Pb and {sup 210}Po, were 1:7.5x10{sup -5} and 1:0.6 x 10{sup -5}, respectively.

  17. 49 CFR 234.213 - Grounds.

    Science.gov (United States)

    2010-10-01

    ... Maintenance Standards § 234.213 Grounds. Each circuit that affects the proper functioning of a highway-rail... in the circuit. This requirement does not apply to: circuits that include track rail; alternating current power distribution circuits that are grounded in the interest of safety; and common return wires...

  18. Return and Risk of Pairs Trading Using a Simulation-Based Bayesian Procedure for Predicting Stable Ratios of Stock Prices

    Directory of Open Access Journals (Sweden)

    David Ardia

    2016-03-01

    Full Text Available We investigate the direct connection between the uncertainty related to estimated stable ratios of stock prices and risk and return of two pairs trading strategies: a conditional statistical arbitrage method and an implicit arbitrage one. A simulation-based Bayesian procedure is introduced for predicting stable stock price ratios, defined in a cointegration model. Using this class of models and the proposed inferential technique, we are able to connect estimation and model uncertainty with risk and return of stock trading. In terms of methodology, we show the effect that using an encompassing prior, which is shown to be equivalent to a Jeffreys’ prior, has under an orthogonal normalization for the selection of pairs of cointegrated stock prices and further, its effect for the estimation and prediction of the spread between cointegrated stock prices. We distinguish between models with a normal and Student t distribution since the latter typically provides a better description of daily changes of prices on financial markets. As an empirical application, stocks are used that are ingredients of the Dow Jones Composite Average index. The results show that normalization has little effect on the selection of pairs of cointegrated stocks on the basis of Bayes factors. However, the results stress the importance of the orthogonal normalization for the estimation and prediction of the spread—the deviation from the equilibrium relationship—which leads to better results in terms of profit per capital engagement and risk than using a standard linear normalization.

  19. Ground-Wave Propagation Effects on Transmission Lines through Error Images

    Directory of Open Access Journals (Sweden)

    Uribe-Campos Felipe Alejandro

    2014-07-01

    Full Text Available Electromagnetic transient calculation of overhead transmission lines is strongly influenced by the natural resistivity of the ground. This varies from 1-10K (Ω·m depending on several media factors and on the physical composition of the ground. The accuracy on the calculation of a system transient response depends in part in the ground return model, which should consider the line geometry, the electrical resistivity and the frequency dependence of the power source. Up to date, there are only a few reports on the specialized literature about analyzing the effects produced by the presence of an imperfectly conducting ground of transmission lines in a transient state. A broad range analysis of three of the most often used ground-return models for calculating electromagnetic transients of overhead transmission lines is performed in this paper. The behavior of modal propagation in ground is analyzed here into effects of first and second order. Finally, a numerical tool based on relative error images is proposed in this paper as an aid for the analyst engineer to estimate the incurred error by using approximate ground-return models when calculating transients of overhead transmission lines.

  20. Bank Stock Returns in Responding the Contribution of Fundamental and Macroeconomic Effects

    Directory of Open Access Journals (Sweden)

    Ridwan Nurazi

    2016-06-01

    Full Text Available This study attempts to examine the effect of financial fundamentals information using CAMELS ratios and macroeconomics variables surrogated by interest rate, exchange rate, and inflation rate toward stock return. By employing panel data analysis (Pooled Least Squared Model, the results reveal that several financial ratios perform a bit contrary to the theory, in which the ratio of CAR shows positive sign but insignificantly contributes to stock returns. Also, the ratio of NPL does not affect the return. In fact, ROE and LDR positively and significantly contribute toward banks’ stock return. Meanwhile, NIM and BOPO show negative signs. The other macroeconomic variables, interest rate (IR, exchange rate (ER and inflation rate (INF are consistent with the a priori expectation, in which those variables negatively and significantly contribute to stock return of 16 banks, for the observation period from 2002 to 2011 in the Indonesian banking sector.

  1. Better understanding flow-restricted environments from hideout return analyses

    International Nuclear Information System (INIS)

    Ollar, Ph.; Viricel-Honorez, L.

    1998-01-01

    Understanding and controlling the chemical phenomena in flow-restricted areas of the secondary side of steam generators (SG) is a key point in fighting against corrosion (IGA) in these areas. Hence, more than 150 hideout returns from French plants are used to assess the chemical environment in flow-restricted areas. The influence of several parameters such as tube support plates design, SG blowdown flowrate and temperature at the end of hideout returns, on returned weights and on flow-restricted environments predicted by modelling are examined. A correlation between different operating and returned chemistry indexes (molar ratios), and IGA is sought: no link is found between IGA and Na/Cl molar ratio at the beginning of hideout returns. However, as IGA extends, the returned weights of sodium and chloride seem to decrease, suggesting a greater hideout and a lower hideout return efficiency, perhaps due to SG fouling, and/or a smaller hideout/hideout return thanks to an improved operating chemistry. Using the pH computed from hideout return data as an index for the presence of IGA is also studied: no correlation is found between the two. Improving plants chemistry is finally proposed, based on an optimization of hideout returns. (authors)

  2. Calculating systems-scale energy efficiency and net energy returns: A bottom-up matrix-based approach

    International Nuclear Information System (INIS)

    Brandt, Adam R.; Dale, Michael; Barnhart, Charles J.

    2013-01-01

    In this paper we expand the work of Brandt and Dale (2011) on ERRs (energy return ratios) such as EROI (energy return on investment). This paper describes a “bottom-up” mathematical formulation which uses matrix-based computations adapted from the LCA (life cycle assessment) literature. The framework allows multiple energy pathways and flexible inclusion of non-energy sectors. This framework is then used to define a variety of ERRs that measure the amount of energy supplied by an energy extraction and processing pathway compared to the amount of energy consumed in producing the energy. ERRs that were previously defined in the literature are cast in our framework for calculation and comparison. For illustration, our framework is applied to include oil production and processing and generation of electricity from PV (photovoltaic) systems. Results show that ERR values will decline as system boundaries expand to include more processes. NERs (net energy return ratios) tend to be lower than GERs (gross energy return ratios). External energy return ratios (such as net external energy return, or NEER (net external energy ratio)) tend to be higher than their equivalent total energy return ratios. - Highlights: • An improved bottom-up mathematical method for computing net energy return metrics is developed. • Our methodology allows arbitrary numbers of interacting processes acting as an energy system. • Our methodology allows much more specific and rigorous definition of energy return ratios such as EROI or NER

  3. Financial Ratio and Its Influence to Profitability in Islamic Banks.

    Directory of Open Access Journals (Sweden)

    Erika Amelia

    2015-10-01

    Full Text Available This research aims to analyze the influence of the Capital Adequacy Ratio (CAR, Non Performing Financing (NPF, Financing to Deposit Ratio (FDR and Biaya Operasional Pendapatan Operasional (BOPO to Return on Asset (ROA in Bank Muamalat Indonesia and Bank Syariah Mega. The data analysis method used in this research is multiple regression analysis. From the test results show that the Capital Adequacy Ratio (CAR, Non Performing Financing (NPF, Financing to Deposit Ratio (FDR and Biaya Operasional Pendapatan Operasional (BOPO simultaneously effect to Return on Asset (ROA. Based on the test results of the t statistic was concluded that the Capital Adequacy Ratio (CAR, Non Performing Financing (NPF and the Financing to Deposit Ratio (FDR partially no significant effect to Return on Asset (ROA, while Biaya Operasional Pendapatan Operasional (BOPO partially significant effect to Return on Asset (ROADOI: 10.15408/aiq.v7i2.1700

  4. ANALISIS PENGARUH KINERJA KEUANGAN, MANAJEMEN RISIKO DAN MANAJEMEN MODAL KERJA TERHADAP RETURN SAHAM

    Directory of Open Access Journals (Sweden)

    Dwian Wahyu Prabawa

    2017-04-01

    Full Text Available Level stock returns telecommunications in Indonesia is influenced by various factors such as financial performance, risk management and working capital management. The purpose of this research was to analyze the influence of financial performance through parameters Debt to Equity Ratio (DER, Return On Investment (ROI, Current Ratio (CR dan Total Assets Turn Over (TATO. Risk management using parameters (interest rate and working capital management using parameters Cash Conversion Cycle (CCC. The population in this study is a telecommunications companies listed in Indonesia Stock Exchange 2010-2013. In analyzing the effect of variable DER, ROI, CR, TATO, ir and CCC using multiple linear regression. The analysis showed that the Debt to Equity Ratio (DER has effect on stock returns with significant value 0,009, Return on Investment (ROI has effect on stock returns with significant value 0,006. And Total Asset Turn Over (TATO has effect on stock returns with significant value 0,025. While the Current Ratio (CR ,interest rate, and Cash Conversion Cycle not effect on stock returns with significant value 0,403; 0,047; 0,977. All the independent variables simultaneously affect the stock on telecommunication companies.

  5. Investigating different factors influencing on return of private banks

    Directory of Open Access Journals (Sweden)

    Pegah Motamedi

    2013-09-01

    Full Text Available Return of Investment has always been an interesting area of research among academics as well as investors. Although capital asset pricing model (CAPM is capable of estimating risk of investment, many people argue that CAPM is not able to predict long-term return, properly. This paper presents an empirical investigation to find the effects of different financial figures including systematic risk (Beta, size of firm, ratio of book value to market share, volume of trade and the ratio of price/earnings (P/E on return of private banks in Iran. The study gathers the necessary information over the period 2005-2011 from private banks in Iran. The study uses multiple regression technique to find the effects of mentioned variables on return of private banks. The results indicate that there are some meaningful and positive relationship between return of banks and systematic risk (Beta, size, volume of trade and P/E. The study also finds some meaningful and reverse relationship between bank return and book value on market value.

  6. Traditional behaviour and fidelity to caribou calving grounds by barren-ground caribou

    Directory of Open Access Journals (Sweden)

    Anne Gunn

    1986-06-01

    Full Text Available Evidence for the fidelity of female barren-ground caribou (Rangifer tarandus spp. of each herd to specific calving grounds is convincing. Involvement of learned behaviour in the annual return of those cows to the same calving grounds implies such actions are a form of «traditional» behaviour. Even wide variations in population size have not yet knowingly led to marked changes in size or location of calving grounds or prolonged abandonment of established ones. Rarely is the adoption of new calving grounds reported and emigration to another herd's calving ground or interchange between calving grounds has not yet been unequivocally documented. The calving experience of individual caribou and environmental pressures may modify the cow's use patterns of her calving grounds. The current definition of herds based on traditional calving grounds may require modification, if increasing caribou numbers result in changes in traditions. However, current data do not contradict either the fidelity to traditional calving grounds or the concept of herd identity based on that fidelity.

  7. 49 CFR 236.2 - Grounds.

    Science.gov (United States)

    2010-10-01

    ... circuit, except circuits which include any track rail and except the common return wires of single-wire, single-break, signal control circuits using a grounded common, and alternating current power distribution...

  8. The Individual Economic Returns to Volunteering in Work Life

    DEFF Research Database (Denmark)

    Qvist, Hans-Peter; Munk, Martin David

    2018-01-01

    This article examines the individual economic returns to volunteering during different stages of working life. The article uses a unique panel dataset created by combining rich survey data from Denmark with information on wages from administrative registers covering the period from 2004 to 2012....... Applying a two-way fixed effects regression model that controls for both period-specific and individual-specific effects, the article finds that for labour market entrants and for people in the early stages of their working life, an additional year of volunteer work experience yields a significant positive...... return. However, the economic returns to volunteer work experience decrease as a function of professional labour market experience. For people with more than six years of professional labour market experience, the economic returns to volunteer work experience are insignificant. On these grounds...

  9. ANALISIS PENGARUH LDR, NPL DAN OPERATIONAL EFFICIENCY RATIO TERHADAP RETURN ON ASSETS PADA BANK DEVISA DI INDONESIA PERIODE 2010-2012

    Directory of Open Access Journals (Sweden)

    Hamidah Hamidah

    2014-04-01

    Full Text Available This research is performed on order to test analysis the influence of the Loan to Deposit Ratio (LDR, Non Performing Loan (NPL and Operational Efficiency Ratio (OER toward Return On Asset (ROA On Foreign Exchange Banks In Indonesia Period 2010-2012. Methodology research as the sample used purposive sampling, sample was accrued from foreign banks in Indonesia. Data analysis with multi linear regression of ordinary least square and hypotheses test used t-statistic and F statistic, a classic assumption examination to test the hypotheses.Based on normality test, multicolinearity test, heterosskedasticity test and auto correlation test were not found variables that deviate from the classical assumptions, this indicate that the available data has fulfill the condition to use multi linear regression model. This result of research show that variable LDR and NPL partially have positive influence but not significant toward ROA. Variable OERpartially have negative significant influence toward ROA. Variable LDR, NPL and OER simultaneously have significant influence toward ROA.

  10. Determinants of capital adequacy ratio in Kuwaiti banks

    Directory of Open Access Journals (Sweden)

    Moeidh Alajmi

    2015-10-01

    Full Text Available The aim of this study is to identify the effects of seven internal factors of five conventional Kuwaiti banks on capital adequacy ratio (CAR. The five factors are: Loans to Assets, Loans to Deposits, Non-Performing Loans to Total Loans, Return on Assets, Return on Equity, Dividend Payout and Total Liability to Total Assets. The study covers the period from 2005 to 2013. The study shows that under fixed effect model, variables DIVIEDEND, LAR, LDR, NPLLR, and ROE do not have any impact on capital adequacy ratio. However, SIZE has a significant and negative relationship with capital adequacy ratio. Also, ROA shows a significant and negative relationship with capital adequacy ratio. Under random effect model, results indicate that CAR is adversely affected by bank’s SIZE (total liability to assets, and ROA has a significant and negative relationship with capital adequacy ratio, However, Loan to Deposit Ratio (LDR showed a significant and positive relationship with capital adequacy ratio. On the other hand, dividend payout, loans to assets, Non-Performing Loans to Total Loans and Return on equity do not have significant effect on CAR under random effect model.

  11. Branching ratios of α-decay to ground and excited states of Fm, Cf, Cm and Pu

    Science.gov (United States)

    Hassanabadi, H.; Hosseini, S. S.

    2018-06-01

    We use the well-known Wentzel-Kramers-Brillouin (WKB) barrier penetration probability to calculate α-decay branching ratios for ground and excited states of heavy even-even nuclei of Fermium (248-254Fm), Californium (244-252Cf), Curium (238-248Cm) and Plutonium (234-244Pu) with 94 ≤Zp ≤100. We obtained the branching ratios for the excited states of daughter nucleus by the α-decay energy (Qα), the angular momentum of α-particle (ℓα), and the excitation probability of the daughter nucleus with the excitation energy of state ℓ in the daughter nucleus (i.e. Eℓ*). α-Decay half-lives have been evaluated by using the proximity potential model for the heavy even-even nuclei. We have reported the half-lives and compared the results with the experimental data. The theoretical branching ratios of α-transitions in our calculation are found to agree with the available experimental data well for 0+→ 0+, 0+→ 2+, 0+→ 4+, 0+→ 6+ and 0+ → 8+α-transitions.

  12. Earnings quality measures and excess returns: A case study of Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Hassan Hemmati

    2013-04-01

    Full Text Available This paper presents an empirical investigation to study the relationship between earning quality measure and excess returns on selected firms trading on Tehran Stock Exchange. The purpose of this study is to find the relative advantage of income figures reported in formal financial statements. The study uses hedge return, six accounting ratios and three market ratios and performs the study over the period of 2001-2011 using 56 firms whose shares were traded on Tehran Stock Exchange. The proposed study uses regression analysis as well as structural equation modeling. The results of this study indicate that market based figures are more influencing than accounting based ratios on hedge return. In other words, hedge return for persistency index was more predictable than smoothness and abnormal accruals. However, on the contrary to what we expected, hedge return for accruals was not more than other accounting based figures.

  13. Projeto de aterramento para sistema monofilar com retorno pelo terra Grounding project for single wire earth return system

    Directory of Open Access Journals (Sweden)

    Humberto C Bertolo

    2011-02-01

    Full Text Available Este trabalho apresenta o projeto de aterramento elétrico para Sistema Monofilar com Retorno pela Terra (MRT, em solicitações de baixas frequências, utilizando-se o método das imagens e considerando a simplificação do método dos potenciais constantes. Simulou-se o comportamento de três diferentes configurações de aterramento: hastes em triângulo, em quadrado vazio e para nove hastes, formando uma malha com quatro quadrados. A partir da simulação obtiveram-se o valor da resistência de aterramento para cada configuração e os potenciais gerados na superfície do solo. Com base nesses resultados foi possível comparar os valores tabelados para resistências mínimas, em função da potência do transformador, aplicados para diferentes concessionárias de energia que utilizam o Sistema MRT, com os valores calculados que mantêm os potenciais no solo em níveis seguros para seres humanos e animais. Os resultados mostraram que é possível utilizar aterramentos mais simples e mais baratos, pois os gradientes de tensões no solo se mantiveram em níveis seguros.This work presents a grounding project for a Single Wire Earth Return (SWER system in low frequency applications, through the use of the image method, a simplification of the constant potential method. The responses of three different grounding configurations were simulated: electrodes in triangular format, electrodes placed in the corners of a square and nine electrodes placed in the corners of a grid with four squares. With the mentioned simulation it was possible to calculate the ground resistance and the surface voltage of each configuration. Based on these results, it was possible to compare the values for minimal resistance, depending on the power of the transformer, applied to various power utilities that use the SWER system with the values that hold the potential in the soil at safe levels for human beings and animals. Results showed that it is possible to use simpler and

  14. Volatility return intervals analysis of the Japanese market

    Science.gov (United States)

    Jung, W.-S.; Wang, F. Z.; Havlin, S.; Kaizoji, T.; Moon, H.-T.; Stanley, H. E.

    2008-03-01

    We investigate scaling and memory effects in return intervals between price volatilities above a certain threshold q for the Japanese stock market using daily and intraday data sets. We find that the distribution of return intervals can be approximated by a scaling function that depends only on the ratio between the return interval τ and its mean . We also find memory effects such that a large (or small) return interval follows a large (or small) interval by investigating the conditional distribution and mean return interval. The results are similar to previous studies of other markets and indicate that similar statistical features appear in different financial markets. We also compare our results between the period before and after the big crash at the end of 1989. We find that scaling and memory effects of the return intervals show similar features although the statistical properties of the returns are different.

  15. Economic Return of Clinical Trials Performed Under the Pediatric Exclusivity Program

    Science.gov (United States)

    Li, Jennifer S.; Eisenstein, Eric L.; Grabowski, Henry G.; Reid, Elizabeth D.; Mangum, Barry; Schulman, Kevin A.; Goldsmith, John V.; Murphy, M. Dianne; Califf, Robert M.; Benjamin, Daniel K.

    2009-01-01

    Context In 1997, Congress authorized the Food and Drug Administration (FDA) to grant 6 month extensions of marketing rights through the Pediatric Exclusivity program if industry sponsors complete FDA-requested pediatric trials. The program has been praised for creating incentives for studies in children; it has been criticized as a “windfall” to the innovator drug industry. This critique has been a substantial part of Congressional debate on the program, which is due to sunset in 2007. Objective To quantify the economic return to industry for completing Pediatric Exclusivity. Design Cohort study of programs conducted for Pediatric Exclusivity. We selected 9 drugs that were granted Pediatric Exclusivity. From the final study reports submitted to FDA, we obtained key elements of the clinical trial design and study operations. We estimated the cost of performing each study and converted these into estimates of after-tax cash outflows. We obtained 3-year market sales and converted these into estimates of after-tax cash inflows based upon 6 months of additional market protection. We then calculated the net economic return (cash inflows less outflows) and ratio net return to costs (net economic return divided by cash outflows) for each product. Main Outcome Measures Net economic return and ratio of net return to cost. Results The indications studied reflected a broad representation of the program: asthma, tumors, attention deficit disorder, hypertension, depression/generalized anxiety disorder, diabetes, gastroesophageal reflux, bacterial infection, and bone mineralization. The distribution of net economic return for 6 months of exclusivity varied substantially among products [net return ranged from (−)$8.9 million to (+)$507.9 million; ratio of return to cost ranged from −0.68 to 73.6] Conclusions The economic return for pediatric exclusivity is highly variable. Pediatric Exclusivity, as an incentive to complete much-needed clinical trials in children, can

  16. THE INFLUENCE OF CORPORATE FINANCIAL PERFORMANCE ON SHARE RETURN

    Directory of Open Access Journals (Sweden)

    Ghulam Nurul Huda

    2015-09-01

    Full Text Available This study was conducted to examine the effect of financial performances of Economic Value Added (EVA, Market Value Added (MVA as well as financial ratios (Fixed Asset Turnover, Return on Investment, Debt to Equity Ratio, Price to Book Value, Total Asset Turnover on Stock Return. This study used the data of six representative palm oil companies which were listed in Indonesia Stock Exchange. The analysis models that were used included three multiple regression equations for EVA, MVA and Stock Return. The results indicate that DER significantly influences EVA and PBV, and TATO significantly influences MVA. Return Shares are significantly only affected by EVA. The company's fundamentals, especially EVA, PBV, TATO and DER were used by investors to predict the Stock Return in Indonesia Stock Exchange in 2009–2014 period. This study confirmed the previous studies that these variables are involved on regression model to predict the Stock Return. The results of the analysis of the company's financial performance with EVA and MVA and financial fundamental variables provide a better alternative picture on the achievement of the company so that the benefits in investing in the palm oil business in Indonesia can be maximally managed.Keywords: Indonesia Stock Exchange, investor, market, multiple regression, stock

  17. Preservation of Multiple Mammalian Tissues to Maximize Science Return from Ground Based and Spaceflight Experiments.

    Science.gov (United States)

    Choi, Sungshin; Ray, Hami E; Lai, San-Huei; Alwood, Joshua S; Globus, Ruth K

    2016-01-01

    Even with recent scientific advancements, challenges posed by limited resources and capabilities at the time of sample dissection continue to limit the collection of high quality tissues from experiments that can be conducted only infrequently and at high cost, such as in space. The resources and time it takes to harvest tissues post-euthanasia, and the methods and duration of long duration storage, potentially have negative impacts on sample quantity and quality, thereby limiting the scientific outcome that can be achieved. The goals of this study were to optimize methods for both sample recovery and science return from rodent experiments, with possible relevance to both ground based and spaceflight studies. The first objective was to determine the impacts of tissue harvest time post-euthanasia, preservation methods, and storage duration, focusing on RNA quality and enzyme activities in liver and spleen as indices of sample quality. The second objective was to develop methods that will maximize science return by dissecting multiple tissues after long duration storage in situ at -80°C. Tissues of C57Bl/6J mice were dissected and preserved at various time points post-euthanasia and stored at -80°C for up to 11 months. In some experiments, tissues were recovered from frozen carcasses which had been stored at -80°C up to 7 months. RNA quantity and quality was assessed by measuring RNA Integrity Number (RIN) values using an Agilent Bioanalyzer. Additionally, the quality of tissues was assessed by measuring activities of hepatic enzymes (catalase, glutathione reductase and GAPDH). Fresh tissues were collected up to one hour post-euthanasia, and stored up to 11 months at -80°C, with minimal adverse effects on the RNA quality of either livers or RNAlater-preserved spleens. Liver enzyme activities were similar to those of positive controls, with no significant effect observed at any time point. Tissues dissected from frozen carcasses that had been stored for up to 7

  18. Cross-Sectional Dispersion of Firm Valuations and Expected Stock Returns

    OpenAIRE

    Jiang, Danling

    2008-01-01

    This paper develops two competing hypotheses for the relation between the cross-sectional standard deviation of logarithmic firm fundamental-to-price ratios (``dispersion'') and expected aggregate returns. In models with fully rational beliefs, greater dispersion indicates greater risk and higher expected aggregate returns. In models with investor overconfidence, greater dispersion indicates greater mispricing and lower expected aggregate returns. Consistent with the behavioral models, the re...

  19. Consumption growth and time-varying expected stock returns

    DEFF Research Database (Denmark)

    Vinther Møller, Stig

    2008-01-01

    When the consumption growth rate is measured based upon fourth quarter data, it tracks predictable variation in future excess stock returns. Low fourth quarter consumption growth rates predict high future excess stock returns such that expected returns are high at business cycle troughs and low...... of each calendar year, and at possibly random times in between. The consumption growth rate measured based upon fourth quarter data is a much stronger predictive variable than benchmark predictive variables such as the dividend-price ratio, the term spread, and the default spread....

  20. The Cross-Section of Expected Stock Returns.

    OpenAIRE

    Fama, Eugene F; French, Kenneth R

    1992-01-01

    Two easily measured variables, size and book-to-market equity, combine to capture the cross-sectional variation in average stock returns associated with market "beta", size, leverage, book-to-market equity, and earnings-price ratios. Moreover, when the tests allow for variation in "beta" that is unrelated to size, t he relation between market "beta" and average return is flat, even when "beta" is the only explanatory variable. Copyright 1992 by American Finance Association.

  1. Pengaruh Capital Adequacy Ratio (CAR, Beban Operasional Pendapatan Operasional (BOPO, Return on Asset (ROA dan Net Interest Margin (NIM terhadap Financing Deposit Ratio (FRD di PT. BPRS Bhakti Sumekar Sumenep (Periode 2011-2015

    Directory of Open Access Journals (Sweden)

    Cholida Noerainon

    2016-06-01

    Full Text Available The Bank is an industry whose business activities relying on public confidence so that the health of banks is done by maintaining the quality so that the bank can meet its obligations and maintain its performance. The purpose bank will be realized if the bank is able to significantly improve their performance optimal. To be able to function properly, the banks should have enough capital, maintaining its asset quality with a good, well-managed and operated by the precautionary principle thus generate enough profit to maintain the continuity of its business and maintain its liquidity so that it can meet its obligations at any time. the purpose of this study is the first: To determine the effect of the Capital Adequacy Ratio (CAR, Operating Expenses Towards Operating Income (OEOI, Return on Assets (ROA and Net Interest Margin (NIM simultaneously to the Financial to Deposit Ratio (FDR PT. BPRS Bhakti Sumekar Sumenep. Second: To determine the effect of the Capital Adequacy Ratio (CAR, Operating Expenses Towards Operating Income  (OEOI, Return on Assets (ROA and Net Interest Margin (NIM partially on Financial to Deposit Ratio (FDR PT. BPRS Bhakti Sumekar Sumenep. Third: To determine which variables are the most dominant influencing on Financial to Deposit Ratio (FDR at PT. BPRS Bhakti Sumekar Sumenep. In this research uses quantitative methods with the technique of multiple linear regression analysis with the help of SPSS analysis tools, while proving the hypothesis using a calculation T test and F test. The data used is secondary data namely quarterly publication report documentation results. The research results shows that the variables CAR, OEOI, ROA and NIM simultaneously no effect  towards FDR PT. BPRS Bhakti Sumekar Sumenep because Sig. > 0.05 and the value of Fcount

  2. Sex-Specific Arrival Times on the Breeding Grounds: Hybridizing Migratory Skuas Provide Empirical Support for the Role of Sex Ratios.

    Science.gov (United States)

    Lisovski, Simeon; Fröhlich, Anne; von Tersch, Matthew; Klaassen, Marcel; Peter, Hans-Ulrich; Ritz, Markus S

    2016-04-01

    In migratory animals, protandry (earlier arrival of males on the breeding grounds) prevails over protogyny (females preceding males). In theory, sex differences in timing of arrival should be driven by the operational sex ratio, shifting toward protogyny in female-biased populations. However, empirical support for this hypothesis is, to date, lacking. To test this hypothesis, we analyzed arrival data from three populations of the long-distance migratory south polar skua (Catharacta maccormicki). These populations differed in their operational sex ratio caused by the unidirectional hybridization of male south polar skuas with female brown skuas (Catharacta antarctica lonnbergi). We found that arrival times were protandrous in allopatry, shifting toward protogyny in female-biased populations when breeding in sympatry. This unique observation is consistent with theoretical predictions that sex-specific arrival times should be influenced by sex ratio and that protogyny should be observed in populations with female-biased operational sex ratio.

  3. Goodwill, Excess Returns, and Determinants of Value Creation and Overpayment

    NARCIS (Netherlands)

    Lycklama a Nijeholt, M.; Grift, Y.K.|info:eu-repo/dai/nl/073586358

    2007-01-01

    In this article we have investigated whether the determinants of excess returns (especially of target excess returns) are valid for purchased goodwill as well. Among them are acquirer’s and target’s Tobin’s q, and debt assets ratio, that explain value creation of acquisitions, and relative size,

  4. Tunnel flexibility effect on the ground surface acceleration response

    Science.gov (United States)

    Baziar, Mohammad Hassan; Moghadam, Masoud Rabeti; Choo, Yun Wook; Kim, Dong-Soo

    2016-09-01

    Flexibility of underground structures relative to the surrounding medium, referred to as the flexibility ratio, is an important factor that influences their dynamic interaction. This study investigates the flexibility effect of a box-shaped subway tunnel, resting directly on bedrock, on the ground surface acceleration response using a numerical model verified against dynamic centrifuge test results. A comparison of the ground surface acceleration response for tunnel models with different flexibility ratios revealed that the tunnels with different flexibility ratios influence the acceleration response at the ground surface in different ways. Tunnels with lower flexibility ratios have higher acceleration responses at short periods, whereas tunnels with higher flexibility ratios have higher acceleration responses at longer periods. The effect of the flexibility ratio on ground surface acceleration is more prominent in the high range of frequencies. Furthermore, as the flexibility ratio of the tunnel system increases, the acceleration response moves away from the free field response and shifts towards the longer periods. Therefore, the flexibility ratio of the underground tunnels influences the peak ground acceleration (PGA) at the ground surface, and may need to be considered in the seismic zonation of urban areas.

  5. Habit Formation, Surplus Consumption and Return Predictability: International Evidence

    DEFF Research Database (Denmark)

    Engsted, Tom; Hyde, Stuart; Møller, Stig V.

    On an international post World War II dataset, we use an iterated GMM pro- cedure to estimate and test the Campbell-Cochrane (1999) habit formation model. In addition, we analyze the predictive power of the surplus consumption ratio for future asset returns. We find that, although...... there are important cross-country differences, for the majority of countries in our sample the model gets empirical support in a variety of diffrent dimensions, including reasonable estimates of risk- free rates, and the model dominates the time-separable power utility model in terms of pricing errors. Further...... ratio is also a powerful predictor of future bond returns....

  6. Performance Improvement of a Return Channel in a Multistage Centrifugal Compressor Using Multiobjective Optimization.

    Science.gov (United States)

    Nishida, Yoshifumi; Kobayashi, Hiromi; Nishida, Hideo; Sugimura, Kazuyuki

    2013-05-01

    The effect of the design parameters of a return channel on the performance of a multistage centrifugal compressor was numerically investigated, and the shape of the return channel was optimized using a multiobjective optimization method based on a genetic algorithm to improve the performance of the centrifugal compressor. The results of sensitivity analysis using Latin hypercube sampling suggested that the inlet-to-outlet area ratio of the return vane affected the total pressure loss in the return channel, and that the inlet-to-outlet radius ratio of the return vane affected the outlet flow angle from the return vane. Moreover, this analysis suggested that the number of return vanes affected both the loss and the flow angle at the outlet. As a result of optimization, the number of return vane was increased from 14 to 22 and the area ratio was decreased from 0.71 to 0.66. The radius ratio was also decreased from 2.1 to 2.0. Performance tests on a centrifugal compressor with two return channels (the original design and optimized design) were carried out using two-stage test apparatus. The measured flow distribution exhibited a swirl flow in the center region and a reversed swirl flow near the hub and shroud sides. The exit flow of the optimized design was more uniform than that of the original design. For the optimized design, the overall two-stage efficiency and pressure coefficient were increased by 0.7% and 1.5%, respectively. Moreover, the second-stage efficiency and pressure coefficient were respectively increased by 1.0% and 3.2%. It is considered that the increase in the second-stage efficiency was caused by the increased uniformity of the flow, and the rise in the pressure coefficient was caused by a decrease in the residual swirl flow. It was thus concluded from the numerical and experimental results that the optimized return channel improved the performance of the multistage centrifugal compressor.

  7. Simulation of ground-water flow and land subsidence in the Antelope Valley ground-water basin, California

    Science.gov (United States)

    Leighton, David A.; Phillips, Steven P.

    2003-01-01

    ground-water development have eliminated the natural sources of discharge, and pumping for agricultural and urban uses have become the primary source of discharge from the ground-water system. Infiltration of return flows from agricultural irrigation has become an important source of recharge to the aquifer system. The ground-water flow model of the basin was discretized horizontally into a grid of 43 rows and 60 columns of square cells 1 mile on a side, and vertically into three layers representing the upper, middle, and lower aquifers. Faults that were thought to act as horizontal-flow barriers were simulated in the model. The model was calibrated to simulate steady-state conditions, represented by 1915 water levels and transient-state conditions during 1915-95 using water-level and subsidence data. Initial estimates of the aquifer-system properties and stresses were obtained from a previously published numerical model of the Antelope Valley ground-water basin; estimates also were obtained from recently collected hydrologic data and from results of simulations of ground-water flow and land subsidence models of the Edwards Air Force Base area. Some of these initial estimates were modified during model calibration. Ground-water pumpage for agriculture was estimated on the basis of irrigated crop acreage and crop consumptive-use data. Pumpage for public supply, which is metered, was compiled and entered into a database used for this study. Estimated annual pumpage peaked at 395,000 acre-feet (acre-ft) in 1952 and then declined because of declining agricultural production. Recharge from irrigation-return flows was estimated to be 30 percent of agricultural pumpage; the irrigation-return flows were simulated as recharge to the regional water table 10 years following application at land surface. The annual quantity of natural recharge initially was based on estimates from previous studies. During model calibration, natural recharge was reduced from the initial

  8. How do trees and the small life forms under the ground talk to each other and other outside things: Can they make our world hot (or cool) again?

    Science.gov (United States)

    Sihi, D.

    2017-12-01

    Trees use water and a bad stuff in air as food with the help of sun light and store the bad stuff in it's body parts (both the parts above the ground and under the ground). However, trees (both above and under ground parts) also return part of the same bad stuff stored in their food to air as it grows. After death, these trees become part of the dead things under the ground and a large part of the bad stuff can be locked under the ground for quite a long time. But, small life forms living under the ground, eat these dead things and return part of the bad stuff locked in these dead things under the ground to the air. The small life forms living under the ground can also make two other stuff (which are even more bad) while eating these dead things under the ground and return them to the air. All of these bad stuffs returned to the air make the air hot. Different things (like sun light, rain, water in the air and under the ground) could make it easier or harder in either storing or returning each of these bad stuffs by the trees or life forms living under the ground in different ways. We study how trees and the small life forms living under the ground talk to each other and to other things mentioned above, and decide how much of those bad stuffs to store and return. But, we do not know well how each of these things can change one another and how trees and small life forms living under the ground will respond to these changes. So, we are yet to understand how much the air will be hotter (if more bad stuff are returned to the air than stored in trees and under the ground) or cooler (if less bad stuffs are returned to the air than stored in trees and under the ground) in tomorrow's world.

  9. A study on relationship between the return of value/growth portfolio and market return: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Monireh Mashhadi Ramezanali

    2014-07-01

    Full Text Available This study examines the relationship between the returns of two value and growth portfolios and the return of market on 15 selected firms on Tehran Stock Exchange over the period 2008-2011. The study divides the firms into two groups in terms of the ratios of price on earning as well as price on book value into two groups of value and growth portfolios. Using some regression analysis, the study has determined a positive and meaningful relationship between value portfolio and market return when the market is on the upside but this relationship is not meaningful during the bear session. The results indicate that during the bull sessions, value portfolios provide better investment opportunities than growth ones do.

  10. Return-to-work coordination programmes for improving return to work in workers on sick leave.

    Science.gov (United States)

    Vogel, Nicole; Schandelmaier, Stefan; Zumbrunn, Thomas; Ebrahim, Shanil; de Boer, Wout El; Busse, Jason W; Kunz, Regina

    2017-03-30

    To limit long-term sick leave and associated consequences, insurers, healthcare providers and employers provide programmes to facilitate disabled people's return to work. These programmes include a variety of coordinated and individualised interventions. Despite the increasing popularity of such programmes, their benefits remain uncertain. We conducted a systematic review to determine the long-term effectiveness of return-to-work coordination programmes compared to usual practice in workers at risk for long-term disability. To assess the effects of return-to-work coordination programmes versus usual practice for workers on sick leave or disability. We searched the Cochrane Central Register of Controlled Trials (CENTRAL; 2016, Issue 11), MEDLINE, Embase, CINAHL and PsycINFO up to 1 November 2016. We included randomised controlled trials (RCTs) that enrolled workers absent from work for at least four weeks and randomly assigned them to return-to-work coordination programmes or usual practice. Two review authors independently screened titles, abstracts and full-text articles for study eligibility; extracted data; and assessed risk of bias from eligible trials. We contacted authors for additional data where required. We conducted random-effects meta-analyses and used the GRADE approach to rate the quality of the evidence. We identified 14 studies from nine countries that enrolled 12,568 workers. Eleven studies focused on musculoskeletal problems, two on mental health and one on both. Most studies (11 of 14) followed workers 12 months or longer. Risk of bias was low in 10 and high in 4 studies, but findings were not sensitive to their exclusion.We found no benefits for return-to-work coordination programmes on return-to-work outcomes.For short-term follow-up of six months, we found no effect on time to return to work (hazard ratio (HR) 1.32, 95% confidence interval (CI) 0.93 to 1.88, low-quality evidence), cumulative sickness absence (mean difference (MD) -16.18 work

  11. Synthesis of High-Frequency Ground Motion Using Information Extracted from Low-Frequency Ground Motion

    Science.gov (United States)

    Iwaki, A.; Fujiwara, H.

    2012-12-01

    Broadband ground motion computations of scenario earthquakes are often based on hybrid methods that are the combinations of deterministic approach in lower frequency band and stochastic approach in higher frequency band. Typical computation methods for low-frequency and high-frequency (LF and HF, respectively) ground motions are the numerical simulations, such as finite-difference and finite-element methods based on three-dimensional velocity structure model, and the stochastic Green's function method, respectively. In such hybrid methods, LF and HF wave fields are generated through two different methods that are completely independent of each other, and are combined at the matching frequency. However, LF and HF wave fields are essentially not independent as long as they are from the same event. In this study, we focus on the relation among acceleration envelopes at different frequency bands, and attempt to synthesize HF ground motion using the information extracted from LF ground motion, aiming to propose a new method for broad-band strong motion prediction. Our study area is Kanto area, Japan. We use the K-NET and KiK-net surface acceleration data and compute RMS envelope at four frequency bands: 0.5-1.0 Hz, 1.0-2.0 Hz, 2.0-4.0 Hz, .0-8.0 Hz, and 8.0-16.0 Hz. Taking the ratio of the envelopes of adjacent bands, we find that the envelope ratios have stable shapes at each site. The empirical envelope-ratio characteristics are combined with low-frequency envelope of the target earthquake to synthesize HF ground motion. We have applied the method to M5-class earthquakes and a M7 target earthquake that occurred in the vicinity of Kanto area, and successfully reproduced the observed HF ground motion of the target earthquake. The method can be applied to a broad band ground motion simulation for a scenario earthquake by combining numerically-computed low-frequency (~1 Hz) ground motion with the empirical envelope ratio characteristics to generate broadband ground motion

  12. Mars Sample Return - Launch and Detection Strategies for Orbital Rendezvous

    Science.gov (United States)

    Woolley, Ryan C.; Mattingly, Richard L.; Riedel, Joseph E.; Sturm, Erick J.

    2011-01-01

    This study sets forth conceptual mission design strategies for the ascent and rendezvous phase of the proposed NASA/ESA joint Mars Sample Return Campaign. The current notional mission architecture calls for the launch of an acquisition/cache rover in 2018, an orbiter with an Earth return vehicle in 2022, and a fetch rover and ascent vehicle in 2024. Strategies are presented to launch the sample into a coplanar orbit with the Orbiter which facilitate robust optical detection, orbit determination, and rendezvous. Repeating ground track orbits exist at 457 and 572 km which provide multiple launch opportunities with similar geometries for detection and rendezvous.

  13. Mars Sample Return: Launch and Detection Strategies for Orbital Rendezvous

    Science.gov (United States)

    Woolley, Ryan C.; Mattingly, Richard L.; Riedel, Joseph E.; Sturm, Erick J.

    2011-01-01

    This study sets forth conceptual mission design strategies for the ascent and rendezvous phase of the proposed NASA/ESA joint Mars Sample Return Campaign. The current notional mission architecture calls for the launch of an acquisition/ caching rover in 2018, an Earth return orbiter in 2022, and a fetch rover with ascent vehicle in 2024. Strategies are presented to launch the sample into a nearly coplanar orbit with the Orbiter which would facilitate robust optical detection, orbit determination, and rendezvous. Repeating ground track orbits existat 457 and 572 km which would provide multiple launch opportunities with similar geometries for detection and rendezvous.

  14. Fibre optic connectors with high-return-loss performance

    Science.gov (United States)

    Knott, Michael P.; Johnson, R.; Cooke, K.; Longhurst, P. C.

    1990-09-01

    This paper describes the development of a single mode fibre optic connector with high return loss performance without the use of index matching. Partial reflection of incident light at a fibre optic connector interface is a recognised problem where the result can be increased noise and waveform distortion. This is particularly important for video transmission in subscriber networks which requires a high signal to noise ratio. A number of methods can be used to improve the return loss. The method described here uses a process which angles the connector endfaces. Measurements show typical return losses of -55dB can be achieved for an end angle of 6 degrees. Insertion loss results are also presented.

  15. Factors Affecting the Return Stock Company in Indonesia Stock Exchange (IDX LQ45 in Years 2012-2015

    Directory of Open Access Journals (Sweden)

    Fangki A. Sorongan

    2016-03-01

    Full Text Available This research aimed to determine the effect of partially and jointly independent variable of Debt to Equity Ratio (DER, Return on Equity (ROA, Return on Equity (ROE, and Net Profit Margin (NPM against the dependent variable on the stock return. Objects of this research were companies listed on the Indonesia Stock Exchange (BEI LQ45 continuously for four years in the period 2012-2015. Companies that qualify for this research were 28 companies. Based on this research, the conclusions indicate that all four independent variables; Debt to Equity Ratio (DER, Return on Equity (ROA, Return on Equity (ROE, and Net Profit Margin (NPM, either jointly or partially give the significant effect on return stock.

  16. The Cross-Section of Credit Risk Premia and Equity Returns

    DEFF Research Database (Denmark)

    Friewald, Nils; Wagner, Christian; Zechner, Josef

    Structural models a la Merton (1974) imply that rms' risk premia in equity and credit markets are related. We explore this relation, using the joint crosssection of stock returns and risk premia estimated from forward credit default swap (CDS) spreads. Consistent with structural models, we nd...... that rms' equity returns and Sharpe ratios increase with estimated credit risk premia and that the returns of buying high and selling low credit risk premium rms cannot be explained by traditional risk factors. Credit risk premia contain equity-relevant information neither captured by risk-neutral nor...

  17. Expected Stock Returns and Variance Risk Premia

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Tauchen, George; Zhou, Hao

    constructed from high-frequency intraday, as opposed to daily, data. The magnitude of the predictability is particularly strong at the intermediate quarterly return horizon, where it dominates that afforded by other popular predictor variables, like the P/E ratio, the default spread, and the consumption...

  18. Sprint mechanics return to competition follow-up after hamstring injury on a professional soccer player: A case study with an inertial sensor unit based methodological approach.

    Science.gov (United States)

    Setuain, Igor; Lecumberri, Pablo; Izquierdo, Mikel

    2017-10-03

    The present research aimed to describe an inertial unit (IU)-based sprint mechanics evaluation model for assessing players' readiness to return to competition after suffering a grade I hamstring injury. A professional male football player (age 19years; height 177cm; weight 70kg, midfielder, Spanish, 3° Division) with a grade 1 biceps femoris injury was evaluated at pre-season, at return to play after injury and at the end of the competitive season. Sprint mechanics were analyzed via the use of an inertial orientation tracker (Xsens Technologies B.V. Enschede, Netherlands) attached over the L3-L4 region of the subject's lumbar spine. Sprint mechanics such as horizontal components of ground reaction force were assessed in both legs during sprinting actions. Findings and interpretation: Both the coefficient of the horizontal force application (SFV) and the ratio of forces (DRF) applied at increasing velocity were decreased in the injured limb compared with the contralateral healthy limb at the return to play evaluation (73% and 76% reductions, respectively) and returned to symmetrical levels at the end-season evaluation. Copyright © 2017 Elsevier Ltd. All rights reserved.

  19. The Rate of Return to the High/Scope Perry Preschool Program.

    Science.gov (United States)

    Heckman, James J; Moon, Seong Hyeok; Pinto, Rodrigo; Savelyev, Peter A; Yavitz, Adam

    2010-02-01

    This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from preschool education programs. Previous studies of the rate of return to this program ignore the compromises that occurred in the randomization protocol. They do not report standard errors. The rates of return estimated in this paper account for these factors. We conduct an extensive analysis of sensitivity to alternative plausible assumptions. Estimated annual social rates of return generally fall between 7-10 percent, with most estimates substantially lower than those previously reported in the literature. However, returns are generally statistically significantly different from zero for both males and females and are above the historical return on equity. Estimated benefit-to-cost ratios support this conclusion.

  20. Lightning Return Stroke Current Analysis Using Electromagnetic Models and the 3D-FDTD Method

    Directory of Open Access Journals (Sweden)

    Kaddour Arzag

    2017-03-01

    Full Text Available The three dimensions finite difference time domain method (3D-FDTD is employed to calculate lightning return stoke current distributions in a vertical lightning channel. The latter is excited at its bottom by a lumped current source above a flat perfectly conducting ground. In this study four lightning return stroke electromagnetic models are used. The calculating approach, which is based on Taflove formulation of the 3D-FDTD method combined to the UPML boundary conditions, is implemented on Matlab environment. For validation needs, the obtained lightning return stroke space and time distributions are compared with others taken from specialized literature.

  1. An evaluation of the accounting rate of return : evidence for Dutch quoted firms

    NARCIS (Netherlands)

    Feenstra, D.W.; Huijgen, C.A.; Wang, H.

    2000-01-01

    Although the accounting rate of return (ARR) is traditionally regarded as an important profitability measure in ratio analysis, there has been relatively little theoretical and empirical analysis on its statistical properties and its intrinsic ability to explain market returns. This paper provides

  2. High ratio recirculating gas compressor

    Science.gov (United States)

    Weinbrecht, J.F.

    1989-08-22

    A high ratio positive displacement recirculating rotary compressor is disclosed. The compressor includes an integral heat exchanger and recirculation conduits for returning cooled, high pressure discharge gas to the compressor housing to reducing heating of the compressor and enable higher pressure ratios to be sustained. The compressor features a recirculation system which results in continuous and uninterrupted flow of recirculation gas to the compressor with no direct leakage to either the discharge port or the intake port of the compressor, resulting in a capability of higher sustained pressure ratios without overheating of the compressor. 10 figs.

  3. Empirical Evidence on Student-t Log-Returns of Diversified World Stock Indices

    OpenAIRE

    Eckhard Platen; Renata Rendek

    2007-01-01

    The aim of this paper is to document some empirical facts related to log-returns of diversified world stock indices when these are denominated in different currencies. Motivated by earlier results, we have obtained the estimated distribution of log-returns for a range of world stock indices over long observation periods. We expand previous studies by applying the maximum likelihood ratio test to the large class of generalized hyperbolic distributions, and investigate the log-returns of a vari...

  4. Parental Language and Return Visits to the Emergency Department After Discharge.

    Science.gov (United States)

    Samuels-Kalow, Margaret E; Stack, Anne M; Amico, Kendra; Porter, Stephen C

    2017-06-01

    Return visits to the emergency department (ED) are used as a marker of quality of care. Limited English proficiency, along with other demographic and disease-specific factors, has been associated with increased risk of return visit, but the relationship between language, short-term return visits, and overall ED use has not been well characterized. This is a planned secondary analysis of a prospective cohort examining the ED discharge process for English- or Spanish-speaking parents of children aged 2 months to 2 years with fever and/or respiratory illness. At 1 year after the index visit, a standardized chart review was performed. The primary outcome was the number of ED visits within 72 hours of the index visit. Multivariable logistic regression was used to examine the relative importance of predictor variables and adjust for confounders. There were 202 parents eligible for inclusion, of whom 23% were Spanish speaking. In addition, 6.9% of the sample had a return visit within 72 hours. After adjustment for confounders, Spanish language was associated with return visit within 72 hours (odds ratio, 3.49; 95% confidence interval, 1.02-11.90) but decreased risk of a second visit within the year (odds ratio, 0.28; 95% confidence interval, 0.12-0.66). Spanish-speaking parents are at an increased risk of 72-hour return ED visit but do not seem to be at increased risk of ED use during the year after their ED visit.

  5. Expected Stock Returns and Variance Risk Premia

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Zhou, Hao

    risk premium with the P/E ratio results in an R2 for the quarterly returns of more than twenty-five percent. The results depend crucially on the use of "model-free", as opposed to standard Black-Scholes, implied variances, and realized variances constructed from high-frequency intraday, as opposed...

  6. Risk aversion vs. the Omega ratio : Consistency results

    NARCIS (Netherlands)

    Balder, Sven; Schweizer, Nikolaus

    This paper clarifies when the Omega ratio and related performance measures are consistent with second order stochastic dominance and when they are not. To avoid consistency problems, the threshold parameter in the ratio should be chosen as the expected return of some benchmark – as is commonly done

  7. A Unified Model of Cloud-to-Ground Lightning Stroke

    Science.gov (United States)

    Nag, A.; Rakov, V. A.

    2014-12-01

    The first stroke in a cloud-to-ground lightning discharge is thought to follow (or be initiated by) the preliminary breakdown process which often produces a train of relatively large microsecond-scale electric field pulses. This process is poorly understood and rarely modeled. Each lightning stroke is composed of a downward leader process and an upward return-stroke process, which are usually modeled separately. We present a unified engineering model for computing the electric field produced by a sequence of preliminary breakdown, stepped leader, and return stroke processes, serving to transport negative charge to ground. We assume that a negatively-charged channel extends downward in a stepped fashion through the relatively-high-field region between the main negative and lower positive charge centers and then through the relatively-low-field region below the lower positive charge center. A relatively-high-field region is also assumed to exist near ground. The preliminary breakdown pulse train is assumed to be generated when the negatively-charged channel interacts with the lower positive charge region. At each step, an equivalent current source is activated at the lower extremity of the channel, resulting in a step current wave that propagates upward along the channel. The leader deposits net negative charge onto the channel. Once the stepped leader attaches to ground (upward connecting leader is presently neglected), an upward-propagating return stroke is initiated, which neutralizes the charge deposited by the leader along the channel. We examine the effect of various model parameters, such as step length and current propagation speed, on model-predicted electric fields. We also compare the computed fields with pertinent measurements available in the literature.

  8. Lightning Step Leader and Return Stroke Spectra at 100,000 fps

    Science.gov (United States)

    Harley, J.; McHarg, M.; Stenbaek-Nielsen, H. C.; Haaland, R. K.; Sonnenfeld, R.; Edens, H. E.; Cummer, S.; Lapierre, J. L.; Maddocks, S.

    2017-12-01

    A fundamental understanding of lightning can be inferred from the spectral emissions resulting from the leader and return stroke channels. We examine events recorded at 00:58:07 on 19 July 2015 and 06:44:24 on 23 July 2017, both at Langmuir Laboratory. Analysis of both events is supplemented by data from the Lightning Mapping Array at Langmuir. The 00:58:07 event spectra was recorded using a 100 line per mm grating in front of a Phantom V2010 camera with an 85mm (9o FOV) Nikon lens recording at 100,000 frames per second. Coarse resolution spectra (approximately 5 nm resolution) are produced from approximately 400 nm to 800 nm for each frame. We analyze several nitrogen and oxygen lines to understand step leader temperature behavior between cloud and ground. The 06:44:24 event spectra was recorded using a 300 line per mm grating (approximately 1.5 nm resolution) in front of a Phantom V2010 camera with an 50mm (32o FOV) Nikon lens also recording at 100,000 frames per second. Two ionized atomic nitrogen lines at 502 nm and 569 nm appear upon attachment and disappear as the return stroke travels from ground to cloud in approximately 5 frames. We analyze these lines to understand initial return stroke temperature and species behavior.

  9. Maternal depression, pregnancy intention, and return to paid work after childbirth.

    Science.gov (United States)

    Dagher, Rada K; Hofferth, Sandra L; Lee, Yoonjoo

    2014-01-01

    Maternal depression is an important public health issue for women, their families, and their employers. Previous studies have examined the impact of leave duration on maternal depression, but none have studied the association between maternal depression and the pace of return to paid work. We examine herein the relationship between maternal depression and return to work, and the moderating effects of pregnancy intention. We utilized data from the Listening to Mothers II Survey collected from January 20 through February 21, 2006. The woman had to be 18 to 45 years old, speak English, and have given birth in 2005 to a live singleton baby in a U.S. hospital. Our analyses were limited to women who worked for an employer during pregnancy (n = 882). The primary outcome was return to paid work at the time of the interview and the analyses utilized Cox proportional hazard models. In combination, intending the baby and being depressed suppressed return to paid work. Nondepressed mothers with unintended pregnancies returned to work the soonest. Compared with mothers who were not depressed and with unintended pregnancy, the risk ratio of returning to paid work (0.70) was significantly lower for mothers who were depressed and had an intended pregnancy. Mothers who were not depressed and with intended pregnancy also had a significantly lower risk ratio (0.60) of returning to paid work than those who were not depressed and with unintended pregnancy. Primary care providers and policy makers can use these findings to support employed women in their childbearing years. Copyright © 2014 Jacobs Institute of Women's Health. Published by Elsevier Inc. All rights reserved.

  10. Analysis of payload bay magnetic fields due to dc power multipoint and single point ground configurations

    Science.gov (United States)

    Lawton, R. M.

    1976-01-01

    An analysis of magnetic fields in the Orbiter Payload Bay resulting from the present grounding configuration (structure return) was presented and the amount of improvement that would result from installing wire returns for the three dc power buses was determined. Ac and dc magnetic fields at five points in a cross-section of the bay are calculated for both grounding configurations. Y and Z components of the field at each point are derived in terms of a constant coefficient and the current amplitude of each bus. The dc loads assumed are 100 Amperes for each bus. The ac noise current used is a spectrum 6 db higher than the Orbiter equipment limit for narrowband conducted emissions. It was concluded that installing return wiring to provide a single point ground for the dc Buses in the Payload Bay would reduce the ac and dc magnetic field intensity by approximately 30 db.

  11. The log-linear return approximation, bubbles, and predictability

    DEFF Research Database (Denmark)

    Engsted, Tom; Pedersen, Thomas Quistgaard; Tanggaard, Carsten

    We study in detail the log-linear return approximation introduced by Campbell and Shiller (1988a). First, we derive an upper bound for the mean approximation error, given stationarity of the log dividendprice ratio. Next, we simulate various rational bubbles which have explosive conditional expec...

  12. PENGARUH EARNING PER SHARE (EPS, DEBT TO EQUITY RATIO (DER DAN RETURN ON EQUITY (ROE TERHADAP HARGA SAHAM (Studi Empiris Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2007-2011

    Directory of Open Access Journals (Sweden)

    Arum Desmawati Murni Mussalamah

    2016-08-01

    Full Text Available The aim of this study is to test the effect of Earning Per Share (EPS, Debt to Equity Ratio (DER, and Return On Equity (ROE to stock price. This study was chosen because there were still differences between one study and another. There was also distinct condition between theory and the reality. This study was conducted using secondary data. Samples were taken using purposive sampling technic. From one hundred and twenty manufacture company, sixty were chosen due to its complete financial report from 2007-2011. The analysis methods used for this study is double linier regression analysis. Using regression analysis,it was showed that Earning Per Share (EPS had a positive and significant effect, Debt to Equity Ratio (DER had a negative dan significant effect, meanwhile Return On Equity (ROE had a positive and significant effect to stock price. Taken together, it was showed that 90,4% variation and stock price could be described by EPS, DER and ROE variable.The rest (9,6% could be described by other variables outside the model.

  13. The Log-Linear Return Approximation, Bubbles, and Predictability

    DEFF Research Database (Denmark)

    Engsted, Tom; Pedersen, Thomas Quistgaard; Tanggaard, Carsten

    2012-01-01

    We study in detail the log-linear return approximation introduced by Campbell and Shiller (1988a). First, we derive an upper bound for the mean approximation error, given stationarity of the log dividend-price ratio. Next, we simulate various rational bubbles which have explosive conditional expe...

  14. Marital Status and Return to Work After Living Kidney Donation.

    Science.gov (United States)

    Frech, Adrianne; Natale, Ginny; Hayes, Don; Tumin, Dmitry

    2018-01-01

    Living kidney donation is safe and effective, but patients in need of a transplant continue to outnumber donors. Disincentives to living donation include lost income, risk of job loss, perioperative complications, and unreimbursed medical expenses. This study uses US registry and follow-up data on living kidney donors from 2013 to 2015 to identify social predictors of return to work across gender following living kidney donation. Using logistic regression, we find that predictors of return to work following living kidney donation differ for women and men. Among women, age, education, smoking status, and procedure type are associated with return to work. Among men, education, procedure type, and hospital readmission within 6 weeks postdonation are associated with return to work. Notably, single and divorced men are less likely to return to work compared to married men (odds ratio [OR] for single men 0.51, 95% confidence interval [CI], 0.37-0.69, P donation.

  15. A Novel High-Frequency Voltage Standing-Wave Ratio-Based Grounding Electrode Line Fault Supervision in Ultra-High Voltage DC Transmission Systems

    Directory of Open Access Journals (Sweden)

    Yufei Teng

    2017-03-01

    Full Text Available In order to improve the fault monitoring performance of grounding electrode lines in ultra-high voltage DC (UHVDC transmission systems, a novel fault monitoring approach based on the high-frequency voltage standing-wave ratio (VSWR is proposed in this paper. The VSWR is defined considering a lossless transmission line, and the characteristics of the VSWR under different conditions are analyzed. It is shown that the VSWR equals 1 when the terminal resistance completely matches the characteristic impedance of the line, and when a short circuit fault occurs on the grounding electrode line, the VSWR will be greater than 1. The VSWR will approach positive infinity under metallic earth fault conditions, whereas the VSWR in non-metallic earth faults will be smaller. Based on these analytical results, a fault supervision criterion is formulated. The effectiveness of the proposed VSWR-based fault supervision technique is verified with a typical UHVDC project established in Power Systems Computer Aided Design/Electromagnetic Transients including DC(PSCAD/EMTDC. Simulation results indicate that the proposed strategy can reliably identify the grounding electrode line fault and has strong anti-fault resistance capability.

  16. A Hybrid Joint Moment Ratio Test for Financial Time Series

    NARCIS (Netherlands)

    Groenendijk, Patrick A.; Lucas, André; Vries, de Casper G.

    1998-01-01

    We advocate the use of absolute moment ratio statistics in conjunctionwith standard variance ratio statistics in order to disentangle lineardependence, non-linear dependence, and leptokurtosis in financial timeseries. Both statistics are computed for multiple return horizonssimultaneously, and the

  17. Hydro-geochemical and isotopic composition of ground water in Helwan area

    Directory of Open Access Journals (Sweden)

    W.M. Salem

    2015-12-01

    The environmental stable isotopes oxygen and hydrogen (18O, and deuterium were studied and used to identify the sources of recharge. The studied ground waters are enriched in D and 18O and the isotopic features suggest that most of the ground water recharged indirectly after evaporation prior to infiltration from irrigation return water as well as the contribution from Nile water.

  18. Effective return, risk aversion and drawdowns

    Science.gov (United States)

    Dacorogna, Michel M.; Gençay, Ramazan; Müller, Ulrich A.; Pictet, Olivier V.

    2001-01-01

    We derive two risk-adjusted performance measures for investors with risk averse preferences. Maximizing these measures is equivalent to maximizing the expected utility of an investor. The first measure, Xeff, is derived assuming a constant risk aversion while the second measure, Reff, is based on a stronger risk aversion to clustering of losses than of gains. The clustering of returns is captured through a multi-horizon framework. The empirical properties of Xeff, Reff are studied within the context of real-time trading models for foreign exchange rates and their properties are compared to those of more traditional measures like the annualized return, the Sharpe Ratio and the maximum drawdown. Our measures are shown to be more robust against clustering of losses and have the ability to fully characterize the dynamic behaviour of investment strategies.

  19. A Hybrid Joint Moment Ratio Test for Financial Time Series

    NARCIS (Netherlands)

    P.A. Groenendijk (Patrick); A. Lucas (André); C.G. de Vries (Casper)

    1998-01-01

    textabstractWe advocate the use of absolute moment ratio statistics in conjunction with standard variance ratio statistics in order to disentangle linear dependence, non-linear dependence, and leptokurtosis in financial time series. Both statistics are computed for multiple return horizons

  20. Depolarization ratio of polar stratospheric clouds in coastal Antarctica: comparison analysis between ground-based Micro Pulse Lidar and space-borne CALIOP observations

    Directory of Open Access Journals (Sweden)

    C. Córdoba-Jabonero

    2013-03-01

    Full Text Available Polar stratospheric clouds (PSCs play an important role in polar ozone depletion, since they are involved in diverse ozone destruction processes (chlorine activation, denitrification. The degree of that ozone reduction is depending on the type of PSCs, and hence on their occurrence. Therefore PSC characterization, mainly focused on PSC-type discrimination, is widely demanded. The backscattering (R and volume linear depolarization (δV ratios are the parameters usually used in lidar measurements for PSC detection and identification. In this work, an improved version of the standard NASA/Micro Pulse Lidar (MPL-4, which includes a built-in depolarization detection module, has been used for PSC observations above the coastal Antarctic Belgrano II station (Argentina, 77.9° S 34.6° W, 256 m a.s.l. since 2009. Examination of the MPL-4 δV feature as a suitable index for PSC-type discrimination is based on the analysis of the two-channel data, i.e., the parallel (p- and perpendicular (s- polarized MPL signals. This study focuses on the comparison of coincident δV-profiles as obtained from ground-based MPL-4 measurements during three Antarctic winters with those reported from the space-borne lidar CALIOP (Cloud-Aerosol Lidar with Orthogonal Polarization aboard the CALIPSO (Cloud-Aerosol Lidar and Infrared Pathfinder Satellite Observation satellite in the same period (83 simultaneous cases are analysed for 2009–2011 austral winter times. Three different approaches are considered for the comparison analysis between both lidar profile data sets in order to test the degree of agreement: the correlation coefficient (CC, as a measure of the relationship between both PSC vertical structures; the mean differences together with their root mean square (RMS values found between data sets; and the percentage differences (BIAS, parameter also used in profiling comparisons between CALIOP and other ground-based lidar systems. All of them are examined as a function

  1. Using an inflation-augmented price-earnings ratio to guide tactical asset allocation

    Directory of Open Access Journals (Sweden)

    Adrian Saville

    2011-08-01

    Full Text Available Asset allocation plays a central role in determining investment outcomes, and available evidence shows that portfolio results can be enhanced through tactical asset allocation if managers use the simple price-earnings ratio as a predictor of equity returns. Recently, some international evidence has emerged which shows that, by augmenting the price-earnings metric with information about consumer price inflation, further enhancements can be achieved in tactical asset allocation.  This study reviews these arguments  as they apply to South Africa, and finds that an inflation-augmented price-earnings ratio is more successful in forecasting equity returns than is the simple price-earnings ratio.  Moreover, the metric is found to be significant in explaining relative asset class returns. On a risk-adjusted basis, however, the tool fails to improve the portfolio results when compared to a buy-and-hold strategy.

  2. Using an inflation-augmented price-earnings ratio to guide tactical asset allocation

    Directory of Open Access Journals (Sweden)

    Adrian Saville

    2011-04-01

    Full Text Available Asset allocation plays a central role in determining investment outcomes, and available evidence shows that portfolio results can be enhanced through tactical asset allocation if managers use the simple price-earnings ratio as a predictor of equity returns. Recently, some international evidence has emerged which shows that, by augmenting the price-earnings metric with information about consumer price inflation, further enhancements can be achieved in tactical asset allocation.  This study reviews these arguments  as they apply to South Africa, and finds that an inflation-augmented price-earnings ratio is more successful in forecasting equity returns than is the simple price-earnings ratio.  Moreover, the metric is found to be significant in explaining relative asset class returns. On a risk-adjusted basis, however, the tool fails to improve the portfolio results when compared to a buy-and-hold strategy.

  3. Liquidity effects and FFA returns in the international shipping derivatives market

    OpenAIRE

    Alizadeh, Amir H.; Kappou, K; Tsouknidis, Dimitris; Visvikis, Ilias

    2015-01-01

    The study examines the impact of liquidity risk on freight derivatives returns. The Amihud liquidity ratio and bid–ask spreads are utilized to assess the existence of liquidity risk in the freight derivatives market. Other macroeconomic variables are used to control for market risk. Results indicate that liquidity risk is priced and both liquidity measures have a significant role in determining freight derivatives returns. Consistent with expectations, both liquidity measures are found to hav...

  4. Gender Gap in Returns to Schooling in Palestine

    Science.gov (United States)

    Daoud, Yousef

    2005-01-01

    This study provides estimates of the private returns to schooling in Palestine utilizing eight quarterly labor force surveys for 1999 and 2001. This period was chosen to investigate the differential impact of the Israeli closure policy on Palestinian male and female workers. Although gross enrollment ratios for males and females reveal little to…

  5. Pengaruh Capital Adequacy Ratio (Car), Loan to Deposit Ratio (Ldr) Dan Bopo Terhadap Profitabilitas (Roa Dan Roe) Bank Persero Indonesia Yang Dipublikasikan Bank Indonesia Periode 2010 – 2015

    OpenAIRE

    Khoirunnisa, Hani Maulida; Rodhiyah, Rodhiyah; Saryadi, Saryadi

    2016-01-01

    State-owned banks have involvement with many parties in their business, so the performance maintenance is benecessary to deal with banking risks that may arise. The downward trend in the profitability of state-ownedbanks indicated by Return on Assets (ROA) and Return on Equity (ROE) becomes a problem when the CapitalAdequacy Ratio (CAR), Loan to Deposit Ratio (LDR), and ROA experiencing upward trend.The purpose of this study was to determine the effect of CAR, LDR and ROA on ROA and ROE withe...

  6. Healing a Vulnerable Self : Exploring Return to Work for Women With Mental Health Problems

    NARCIS (Netherlands)

    Nielsen, Maj Britt D.; Rugulies, Reiner; Hjortkjaer, Charlotte; Bultmann, Ute; Christensen, Ulla

    Mental health problems (MHPs) such as stress and depression are among the leading causes of work disability. In this article we explore how women with MHPs experience sickness absence and subsequent return to work. We conducted 16 semistructured interviews and employed constructivist grounded theory

  7. Stochastic Dominance and Omega Ratio: Measures to Examine Market Efficiency, Arbitrage Opportunity, and Anomaly

    Directory of Open Access Journals (Sweden)

    Xu Guo

    2017-10-01

    Full Text Available Both stochastic dominance and Omegaratio can be used to examine whether the market is efficient, whether there is any arbitrage opportunity in the market and whether there is any anomaly in the market. In this paper, we first study the relationship between stochastic dominance and the Omega ratio. We find that second-order stochastic dominance (SD and/or second-order risk-seeking SD (RSD alone for any two prospects is not sufficient to imply Omega ratio dominance insofar that the Omega ratio of one asset is always greater than that of the other one. We extend the theory of risk measures by proving that the preference of second-order SD implies the preference of the corresponding Omega ratios only when the return threshold is less than the mean of the higher return asset. On the other hand, the preference of the second-order RSD implies the preference of the corresponding Omega ratios only when the return threshold is larger than the mean of the smaller return asset. Nonetheless, first-order SD does imply Omega ratio dominance. Thereafter, we apply the theory developed in this paper to examine the relationship between property size and property investment in the Hong Kong real estate market. We conclude that the Hong Kong real estate market is not efficient and there are expected arbitrage opportunities and anomalies in the Hong Kong real estate market. Our findings are useful for investors and policy makers in real estate.

  8. Identifying the critical financial ratios for stocks evaluation: A fuzzy delphi approach

    Science.gov (United States)

    Mokhtar, Mazura; Shuib, Adibah; Mohamad, Daud

    2014-12-01

    Stocks evaluation has always been an interesting and challenging problem for both researchers and practitioners. Generally, the evaluation can be made based on a set of financial ratios. Nevertheless, there are a variety of financial ratios that can be considered and if all ratios in the set are placed into the evaluation process, data collection would be more difficult and time consuming. Thus, the objective of this paper is to identify the most important financial ratios upon which to focus in order to evaluate the stock's performance. For this purpose, a survey was carried out using an approach which is based on an expert judgement, namely the Fuzzy Delphi Method (FDM). The results of this study indicated that return on equity, return on assets, net profit margin, operating profit margin, earnings per share and debt to equity are the most important ratios.

  9. The dividend-price ratio does predict dividend growth: International evidence

    DEFF Research Database (Denmark)

    Engsted, Tom; Pedersen, Thomas Quistgaard

    Unpredictable dividend growth by the dividend-price ratio is considered a 'stylized fact' in post war US data. Using long-term data, covering more than 80 years from the US and three European countries, we revisit this stylized fact, and we also report results on return predictability. We find...... similar to those for the US. For Sweden and Denmark we find no evidence of return predictability, but strong evidence of predictable dividend growth in the 'right' direction on both short and long horizons and over both the full sample periods and the post war period. We also document that implied long......-horizon coefficients from VAR's often differ substantially from direct estimates in multi-year regres- sions. Throughout, we report both standard asymptotic tests and simulated small- sample tests and, following Cochrane (2008), we investigate the joint distribution of dividend-price ratio coefficients in return...

  10. Observations of the neutral atmosphere between 100 and 200 km using ARIA rocket-borne and ground-based instruments

    International Nuclear Information System (INIS)

    Hecht, J.H.; Christensen, A.B.; Gutierrez, D.J.

    1995-01-01

    The atmospheric response in the aurora (ARIA) rocket was launched at 1406 UT on March 3, 1992, from Poker Flat, Alaska, into a pulsating diffuse aurora; rocket-borne instruments included an eight-channel photometer, a far ultraviolet spectrometer, a 130.4-nm atomic oxygen resonance lamp, and two particle spectrometers covering the energy range of 1-400 eV and 10 eV to 20 keV. The photometer channels were isolated using narrow-band interference filters and included measurements of the strong permitted auroral emissions N 2 (337.1 nm), N 2 + (391.4 nm), and O I (844.6 nm). A ground-based photometer measured the premitted N 2 + (427.8 nm), the forbidden O I (630.0 nm), and the premitted O I (844.6 nm) emissions. The ground-based instrument was pointed in the magnetic zenith. Also, the rocket payload was pointed in the magnetic zenith from 100 to 200 km on the upleg. The data were analyzed using the Strickland electron transport code, and the rocket and ground-based results were found to be in good agreement regarding the inferred characteristic energy of the precipitating auroral flux and the composition of the neutral atmosphere during the rocket flight. In particular, it was found that the O/N 2 density ratio in the neutral atmosphere diminished during the auroral substorm, which started about 2 hours before the ARIA rocket flight. The data showed that there was about a 10-min delay between the onset of the substorm and the decrease of the O/N 2 density ratio. At the time of the ARIA flight this ratio had nearly returned to its presubstorm value. However, the data also showed that the O/N 2 density ratio did not recover to its presubstorm value until nearly 30 min after the particle and joule heating had subsided. Both the photometer and oxygen densities in the region above 130 km. The observed auroral brightness ratio B 337.1 /B 391.4 equaled 0.29 and was in agreement with other recent measurements

  11. Ground water

    International Nuclear Information System (INIS)

    Osmond, J.K.; Cowart, J.B.

    1992-01-01

    The great variations in concentrations and activity ratios of 234 U/ 238 U in ground waters and the features causing elemental and isotopic mobility in the hydrosphere are discussed. Fractionation processes and their application to hydrology and other environmental problems such as earthquake, groundwater and aquifer dating are described. (UK)

  12. ANALISIS VARIABEL YANG MEMPENGARUHI PRICE EARNING RATIO DALAM PENILAIAN HARGA SAHAM DI BURSA EFEK JAKARTA (TAHUN 1998 – 2001

    Directory of Open Access Journals (Sweden)

    Marli - -

    2012-05-01

    Full Text Available ABSTRAK Penilaian harga saham berdasarkan analisa fundamental diklasifikasikan pada pendekatan dividend discount model dan P/E ratio. Permasalahan yang penting dalam penelitian ini menyangkut tentang aplikasi penilaian harga saham berdasarkan pendekatan PER dengan menggunakan variabel bebas yang dianggap relevan mempengaruhi harga saham. Selain itu, juga dapat digunakan untuk menjelaskan kondisi harga saham, variabel mana yang dominan dan bagaimana perubahan harga sahamnya dengan acuan pada pendekatan P/E ratio. Variabel yang dipertimbangkan oleh investor dalam melakukan investasi di pasar modal diantaranya dividend payout ratio, standard deviation of EPS, return on equity dan debt to equity ratio sedangkan earning growth tetap dipertimbangkan tetapi dengan tingkat signifikansi yang lebih rendah. Return on equity merupakan variabel penelitian yang paling dominan mempengaruhi harga saham. Harga saham di Bursa efek Jakarta belum menunjukkan harga yang wajar dan berdasarkan analisa teknikal dengan menggunakan indikator moving average dan trend, kecenderungan perubahan harga sahamnya tidak selalu menuju nilai intrinsiknya. Kata kunci: P/E ratio, return on equity, debt to equity ratio ABSTRACT The assessment of stock price based on fundamental analyse is grouped on model discount dividend approach and P/E ratio. The important problems in this research include assessment stock price application based on PER approach using independent variable which have relevant influence at stock price. It also used to explain stock price condition, dominant variable, and how is the changing of stock price with based on P/E ratio approach. Variable considered by investor on conducting investment in stock exchange market are: dividend payout ratio, standard deviation of EPS, return on equity, and debt to equity ratio while earning growth also considered but at lower significance level. Return on equity is dominant influence research variable on stock price. Stock

  13. Stepped-to-dart Leaders in Cloud-to-ground Lightning

    Science.gov (United States)

    Stolzenburg, M.; Marshall, T. C.; Karunarathne, S.; Karunarathna, N.; Warner, T.; Orville, R. E.

    2013-12-01

    Using time-correlated high-speed video (50,000 frames per second) and fast electric field change (5 MegaSamples per second) data for lightning flashes in East-central Florida, we describe an apparently rare type of subsequent leader: a stepped leader that finds and follows a previously used channel. The observed 'stepped-to-dart leaders' occur in three natural negative ground flashes. Stepped-to-dart leader connection altitudes are 3.3, 1.6 and 0.7 km above ground in the three cases. Prior to the stepped-to-dart connection, the advancing leaders have properties typical of stepped leaders. After the connection, the behavior changes almost immediately (within 40-60 us) to dart or dart-stepped leader, with larger amplitude E-change pulses and faster average propagation speeds. In this presentation, we will also describe the upward luminosity after the connection in the prior return stroke channel and in the stepped leader path, along with properties of the return strokes and other leaders in the three flashes.

  14. Returns Effect, Shocks and Volatility Transmission between Foreign Exchange-Stock Markets in Nigeria

    Directory of Open Access Journals (Sweden)

    Agya Atabani Adi

    2017-03-01

    Full Text Available The paper examined effect of passed return on current return, shocks spillover and volatility transmission between FX-Stock markets. Using result obtained from VAR-GARCH models, we also calculate the optimal weight and risk minimizing hedging ratio for FX-Stock markets and employed the newly developed bivariate GARCH framework Findings reveal evidence of short term predictability in both markets through time. One period lagged returns significantly impact current return in both markets, and impact was greater in FX market both VAR-GARCH and VAR-AGARCH models. There were evidence of bi-directional volatility transmission in both markets and uni-directional shocks spillover from stock to FX market in both models. VAR-AGARCH model showed evidence of leverage effect; bad news has more impact on volatility than positive news of the same magnitude. We showed that optimal polio of FX-Stock market should holds more foreign exchange to stocks in their asset polio. Our result showed evidence of effective hedging in FX-Stock markets in Nigerian. Hence, the inclusion of stocks in diversified polio of foreign exchange could improve it risks adjusted performance of hedging ratio.

  15. Transuranic element uptake and cycling in a forest over an old burial ground

    International Nuclear Information System (INIS)

    Murphy, C.E. Jr.; Tuckfield, J.C.

    1992-01-01

    The consequences of returning the Savannah River Site (SRS) burial ground area to general public access at the time of completion of the SRS mission is being investigated. This study includes evaluation of the radiological impact to inhabitants of the area under a number of scenarios that include the return of the land to farming or forestry use with or without exhumation of the buried waste

  16. Project subsidized by the Sunshine Project in fiscal 1982. Report on achievements in the project commissioned from NEDO - research and development on return of low-temperature hot water (simulated return test and a demonstration return test); 1982 nendo teion nessui kangen ni kansuru kenkyu kaihatsu seika hokokusho. Kangen mogi shiken kangen jissho shiken

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1983-03-01

    Tests and researches were performed with an objective to elucidate a decaying mechanism of return wells when low-temperature hot water utilized for geothermal binary power generation is returned underground. This paper reports the achievements in fiscal 1982. For the simulated return testing equipment, the hot water supply line was changed, a supply line was newly installed for a water flowing test on hot water in the Hacchobara area, flow rate measuring lines for each system were newly installed, and the pressure detecting locations were changed. In the fundamental tests on the simulated return test, experimental researches were carried out on the following items: production of silica scale from geothermal water, solubility of silica acid, effect of pH on polymerization of silica acid, induction time in the polymerization process of silica acid, sizes of poly-silica acid particles in geothermal water, production of poly-silica acid due to temperature drop, oversaturation degree of mono-silica acid, and scale deposition. In the simulated return test, temperature of a simulated column reproducing the return ground bed, particle sizes, and hot water properties were used as the parameters for the test conducted. As a result, the decay in return wells was estimated to be governed predominantly by chemical deposition of the scales. (NEDO)

  17. Analisis Karakteristik Perusahaan Dan Ekonomi Makro Pada Return Saham Syariah Dan Non Syariah

    Directory of Open Access Journals (Sweden)

    Ardi Hamzah

    2011-10-01

    Full Text Available The objectives of this paper are to determine, to examine, and to test whether firm characteristic and macro economics are the important discriminators for return of syariah and non syariah stock; to determine whether there are any differences in return of some syariah and non syariah stock; to determine and to test whether there is a relationship between return and firm characteristic and macro economis in some syariah and non syariah stock. The total sample is 300 stock that were taken each from 150 for syariah stock and 150 for non syariah stock for period 2005 – 2009. The study also showed that there is a difference in return between syariah and non syariah stock. Finally,with regression analysis indicated that partially price book value, price earnings ratio, and kurs rupiah on dollar significantly effect on return of syariah stock, while for return of non syariah stock only kurs rupiah on dollar that significantly effect on return of non syariah stock. For testing with simultant regression indicate firm characteristic and macro economics significantly effect on return of syariah stock, while at return of non syariah stock not significantly effect.

  18. Ground-based measurement of column-averaged mixing ratios of methane and carbon dioxide in the Sichuan Basin of China by a desktop optical spectrum analyzer

    Science.gov (United States)

    Qin, Xiu-Chun; Nakayama, Tomoki; Matsumi, Yutaka; Kawasaki, Masahiro; Ono, Akiko; Hayashida, Sachiko; Imasu, Ryoichi; Lei, Li-Ping; Murata, Isao; Kuroki, Takahiro; Ohashi, Masafumi

    2018-01-01

    Remote sensing of the atmospheric greenhouse gases, methane (CH4) and carbon dioxide (CO2), contributes to the understanding of global warming and climate change. A portable ground-based instrument consisting of a commercially available desktop optical spectrum analyzer and a small sun tracker has been applied to measure the column densities of atmospheric CH4 and CO2 at Yanting observation station in a mountainous paddy field of the Sichuan Basin from September to November 2013. The column-averaged dry-air molar mixing ratios, XCH4/XCO2, are compared with those retrieved by satellite observations in the Sichuan Basin and by ground-based network observations in the same latitude zone as the Yanting observation station.

  19. Application of Performance Ratios in Portfolio Optimization

    Directory of Open Access Journals (Sweden)

    Aleš Kresta

    2015-01-01

    Full Text Available The cornerstone of modern portfolio theory was established by pioneer work of Harry Markowitz. Based on his mean-variance framework, Sharpe formulated his well-known Sharpe ratio aiming to measure the performance of mutual funds. The contemporary development in computer’s computational power allowed to apply more complex performance ratios, which take into account also higher moments of return probability distribution. Although these ratios were proposed to help the investors to improve the results of portfolio optimization, we empirically demonstrated in our paper that this may not necessarily be true. On the historical dataset of DJIA components we empirically showed that both Sharpe ratio and MAD ratio outperformed Rachev ratio. However, for Rachev ratio we assumed only one level of parameters value. Different set-ups of parameters may provide different results and thus further analysis is certainly required.

  20. Elevated sacroilac joint uptake ratios in systemic lupus erythematosus

    International Nuclear Information System (INIS)

    De Smet, A.A.; Mahmood, T.; Robinson, R.G.; Lindsley, H.B.

    1984-01-01

    Sacroiliac joint radiographs and radionuclide sacroiliac joint uptake ratios were obtained on 14 patients with active systemic lupus erythematosus. Elevated joint ratios were found unilaterally in two patients and bilaterally in seven patients when their lupus was active. In patients whose disease became quiescent, the uptake ratios returned to normal. Two patients had persistently elevated ratios with continued clinical and laboratory evidence of active lupus. Mild sacroiliac joint sclerosis and erosions were detected on pelvic radiographs in these same two patients. Elevated quantitative sacroiliac joint uptake ratios may occur as a manifestation of active systemic lupus erythematosus

  1. Characteristics of downward leaders in a cloud-to-ground lightning strike on a lightning rod

    Science.gov (United States)

    Wang, Caixia; Sun, Zhuling; Jiang, Rubin; Tian, Yangmeng; Qie, Xiushu

    2018-05-01

    A natural downward negative cloud-to-ground (CG) lightning was observed at a close distance of 370 m by using electric field change measurements and a high-speed camera at 5400 frames per second (fps). Two subsequent leader-return strokes of the lightning hit a lightning rod installed on the top of a seven-story building in Beijing city, while the grounding point for the stepped leader-first return stroke was 12 m away, on the roof of the building. The 2-D average speed of the downward stepped leader (L1) before the first return stroke (R1) was approximately 5.1 × 104 m/s during its propagation over the 306 m above the building, and those before the subsequent strokes (R2 and R3) ranged from 1.1 × 106 m/s to 2.2 × 106 m/s. An attempted leader (AL) occurred 201 ms after R1 and 10 ms before R2 reached approximately 99 m above the roof and failed to connect to the ground. The 2-D average speed of the AL was approximately 7.4 × 104 m/s. The luminosity at tip of the leader was brighter than the channel behind it. The leader inducing the R2 with an alteration of terminating point was a dart-stepped leader (DSL), which propagated through the channel of AL and continued to develop downward with new branches at about 17 m above the roof. The 2-D speed of the DSL at the bottom 99 m was 6.6 × 105 m/s. The average time interval between the stepped pulses of the DSL was approximately 10 μs, smaller than that of L1 with value of about 17 μs. The average step lengths of the DSL were approximately 6.6 m. The study shows that the stepped leader-first return stroke of lightning will not always hit the tip of a tall metal rod due to the significant branching property of the leader. However, under certain conditions, the subsequent return strokes may alter the grounding point to the tip of a tall metal rod. For the lightning rod, the protection against subsequent return strokes may be better than that against the first return stroke.

  2. Thunderstorm ground enhancements (TGEs) abruptly terminated by negative cloud-to-ground lightnings

    International Nuclear Information System (INIS)

    Chilingarian, A.; Hovsepyan, G.; Khanikyanc, G.; Pokhsraryan, D.; Soghomonyan, S.

    2016-01-01

    The relationship of lightnings and particle fluxes in the thunderclouds is not fully understood to date. Using the particle beams (the so-called Thunderstorm Ground Enhancements – TGEs) generated in the lower part of clouds by the strong electric fields as a probe, we investigate the characteristics of the related atmospheric discharges. The well-known effect of the TGE dynamics is the abrupt termination of the particle flux. We demonstrate that among 12 atmospheric discharges that abruptly terminated TGE all are the negative cloud-to-ground lightnings. The flux termination and lightning occurred at one and the same second. With new precise electronics on millisecond time scales we can see that particle flux decline occurred simultaneously with abrupt increase of electrostatic field after the return stroke of the lightning. Therefore, the declining of particle flux is connected with rearranging of charge centers in the cloud involving removal of the Lower Positive Charged Region (LPCR). (author)

  3. Computing return times or return periods with rare event algorithms

    Science.gov (United States)

    Lestang, Thibault; Ragone, Francesco; Bréhier, Charles-Edouard; Herbert, Corentin; Bouchet, Freddy

    2018-04-01

    The average time between two occurrences of the same event, referred to as its return time (or return period), is a useful statistical concept for practical applications. For instance insurances or public agencies may be interested by the return time of a 10 m flood of the Seine river in Paris. However, due to their scarcity, reliably estimating return times for rare events is very difficult using either observational data or direct numerical simulations. For rare events, an estimator for return times can be built from the extrema of the observable on trajectory blocks. Here, we show that this estimator can be improved to remain accurate for return times of the order of the block size. More importantly, we show that this approach can be generalised to estimate return times from numerical algorithms specifically designed to sample rare events. So far those algorithms often compute probabilities, rather than return times. The approach we propose provides a computationally extremely efficient way to estimate numerically the return times of rare events for a dynamical system, gaining several orders of magnitude of computational costs. We illustrate the method on two kinds of observables, instantaneous and time-averaged, using two different rare event algorithms, for a simple stochastic process, the Ornstein–Uhlenbeck process. As an example of realistic applications to complex systems, we finally discuss extreme values of the drag on an object in a turbulent flow.

  4. Loss-Averse Retailer’s Optimal Ordering Policies for Perishable Products with Customer Returns

    Directory of Open Access Journals (Sweden)

    Xu Chen

    2014-01-01

    Full Text Available We investigate the loss-averse retailer’s ordering policies for perishable product with customer returns. With the introduction of the segmental loss utility function, we depict the retailer’s loss aversion decision bias and establish the loss-averse retailer’s ordering policy model. We derive that the loss-averse retailer’s optimal order quantity with customer returns exists and is unique. By comparison, we obtain that both the risk-neutral and the loss-averse retailer’s optimal order quantities depend on the inventory holding cost and the marginal shortage cost. Through the sensitivity analysis, we also discuss the effect of loss-averse coefficient and the ratio of return on the loss-averse retailer’s optimal order quantity with customer returns.

  5. Corporate prediction models, ratios or regression analysis?

    NARCIS (Netherlands)

    Bijnen, E.J.; Wijn, M.F.C.M.

    1994-01-01

    The models developed in the literature with respect to the prediction of a company s failure are based on ratios. It has been shown before that these models should be rejected on theoretical grounds. Our study of industrial companies in the Netherlands shows that the ratios which are used in

  6. Testing of January Anomaly at ISE-100 Index with Power Ratio Method

    Directory of Open Access Journals (Sweden)

    Şule Yüksel Yiğiter

    2015-12-01

    Full Text Available AbstractNone of investors that can access all informations in the same ratio is not possible to earn higher returns according to Efficient Market Hypothesis. However, it has been set forth effect of time on returns in several studies and reached conflicting conclusions with hypothesis. In this context, one of the most important existing anomalies is also January month anomaly. In this study, it has been researched that if there is  January effect in BIST-100 index covering 2008-2014 period by using power ratio method. The presence of January month anomaly in BIST-100 index within specified period determined by analysis results.Keywords: Efficient Markets Hypothesis, January Month Anomaly, Power Ratio MethodJEL Classification Codes: G1,C22

  7. The effect of maternity leave length and time of return to work on breastfeeding.

    Science.gov (United States)

    Ogbuanu, Chinelo; Glover, Saundra; Probst, Janice; Liu, Jihong; Hussey, James

    2011-06-01

    We investigated the effect of maternity leave length and time of first return to work on breastfeeding. Data were from the Early Childhood Longitudinal Study-Birth Cohort. Restricting our sample to singletons whose biological mothers were the respondents at the 9-month interview and worked in the 12 months before delivery (N = 6150), we classified the length of total maternity leave (weeks) as 1 to 6, 7 to 12, ≥ 13, and did not take; paid maternity leave (weeks) as 0, 1 to 6, ≥ 7, and did not take; and time of return to work postpartum (weeks) as 1 to 6, 7 to 12, ≥ 13, and not yet returned. Analyses included χ(2) tests and multiple logistic regressions. In our study population, 69.4% initiated breastfeeding with positive variation by both total and paid maternity leave length, and time of return to work. In adjusted analyses, neither total nor paid maternity leave length had any impact on breastfeeding initiation or duration. Compared with those returning to work within 1 to 6 weeks, women who had not yet returned to work had a greater odds of initiating breastfeeding (odds ratio [OR]: 1.46 [1.08-1.97]; risk ratios [RR]: 1.13 [1.03-1.22]), continuing any breastfeeding beyond 6 months (OR: 1.41 [0.87-2.27]; RR: 1.25 [0.91-1.61]), and predominant breastfeeding beyond 3 months (OR: 2.01 [1.06-3.80]; RR: 1.70 [1.05-2.53]). Women who returned to work at or after 13 weeks postpartum had higher odds of predominantly breastfeeding beyond 3 months (OR: 2.54 [1.51-4.27]; RR: 1.99 [1.38-2.69]). If new mothers delay their time of return to work, then duration of breastfeeding among US mothers may lengthen.

  8. Analisis Pengaruh Return on Asset (ROA, Biaya Operasional Terhadap Pendapatan Operasional (BOPO, Suku Bunga, Financing to Deposits Ratio (FDR dan Non Performing Financing (NPF Terhadap Tingkat Bagi Hasil Deposito Mudharabah (Studi Empiris pada Bank Um

    Directory of Open Access Journals (Sweden)

    Nana Novianti

    2016-01-01

    Full Text Available Level of profit sharing given by Islamic Banks which is one factor public appeal to save funds in the products of Islamic Banks but in level of profit sharing for giving of Islamic Banks still refers to the rate of Conventional Banks. Still referring to Conventional Bank interest rates make people still think that the same Islamic Banks with Conventional Banks. This research purpose to analyze the effect of financial ratios and interest rate to the level of profit sharing of mudharabah deposits Islamic Banks in Indonesia. The population used is the quarterly financial statements throughout Islamic Banks in Indonesia 2011-2013. Selection of the samples tested in this study using purposive sampling method, 6 selected Islamic Banks. Analysis tools in this study is used multiple regression analysis using SPSS 19.0 software. The variables used in this study are Return On Asset (ROA, BOPO, Interest Rate, Financing To Deposits Ratio (FDR and Non Performing Financing (NPF as the independent variable, and level of profit sharing mudaraba deposits as the dependent variable. Partial results show that Return On Asset (ROA and Financing To Deposits Ratio (FDR significant positive effect on level of profit sharing mudaraba deposits while the BOPO, Interest Rate and Non Performing Financing (NPF have no effect.DOI: 10.15408/ess.v5i1.2333

  9. Techniques for enhancing durability and equivalence ratio control in a rich-lean, three-stage ground power gas turbine combustor

    Science.gov (United States)

    Schultz, D. F.

    1982-01-01

    Rig tests of a can-type combustor were performed to demonstrate two advanced ground power engine combustor concepts: steam cooled rich-burn combustor primary zones for enhanced durability; and variable combustor geometry for three stage combustion equivalence ratio control. Both concepts proved to be highly successful in achieving their desired objectives. The steam cooling reduced peak liner temperatures to less than 800 K. This offers the potential of both long life and reduced use of strategic materials for liner fabrication. Three degrees of variable geometry were successfully implemented to control airflow distribution within the combustor. One was a variable blade angle axial flow air swirler to control primary airflow while the other two consisted of rotating bands to control secondary and tertiary or dilution air flow.

  10. How well do financial and macroeconomic variables predict stock returns

    DEFF Research Database (Denmark)

    Rasmussen, Anne-Sofie Reng

    Recent evidence of mean reversion in stock returns has led to an explosion in the development of forecasting variables. This paper evaluates the relative performance of these many variables in both time-series and cross-sectional setups. We collect the different measures and compare their forecas......Recent evidence of mean reversion in stock returns has led to an explosion in the development of forecasting variables. This paper evaluates the relative performance of these many variables in both time-series and cross-sectional setups. We collect the different measures and compare...... their forecasting ability for stock returns, and we examine the forecasting variables' ability to reduce pricing errors in the conditional C-CAPM. A key result of the analysis is that the traditional pricedividend ratio performs surprisingly well compared to the many new forecasting variables. We also find...

  11. End-of-the-year economic growth and time-varying expected returns

    DEFF Research Database (Denmark)

    Møller, Stig V.; Rangvid, Jesper

    2015-01-01

    We show that macroeconomic growth at the end of the year (fourth quarter or December) strongly influences expected returns on risky financial assets, whereas economic growth during the rest of the year does not. We find this pattern for many different asset classes, across different time periods......, and for US and international data. We also show that movements in the surplus consumption ratio of Campbell and Cochrane (1999) , a theoretically well-founded measure of time-varying risk aversion linked to macroeconomic growth, influence expected returns stronger during the fourth quarter than the other...

  12. Cloud-to-ground lightning flash characteristics from June 1984 through May 1985

    Science.gov (United States)

    Orville, Richard E.; Weisman, Robert A.; Pyle, Richard B.; Henderson, Ronald W.; Orville, Richard E., Jr.

    1987-01-01

    A magnetic direction-finding network for the detection of lightning cloud-to-ground strikes has been installed along the east coast of the United States. Time, location, flash polarity, stroke count, and peak signal amplitude are recorded in real time. The data were recorded from Maine to North Carolina and as far west as Ohio; analyses were restricted to flashes within 300 km of a direction finder. Measurements of peak signal strength have been obtained from 720,284 first return strokes lowering negative charge. The resulting distribution indicates that few negative strokes have peak currents exceeding 100 kA. Measurements have also been obtained of peak signal strength from 17,694 first return strokes lowering positive charge. These strokes have a median peak current of 45 kA, with some peak currents reaching 300-400 kA. The median peak signal strength and the peak current, double from summer to winter for both negative and positive first return strokes. The polarity of ground flashes is observed to be less than 5 percent positive throughout the summer and early fall, then increases to over 50 percent during the winter, and returns to less than 10 percent in early spring. The percent of positive flashes with one stroke is observed to be approximately 90 percent throughout the year. The percent of negative flashes with one stroke is observed to increase from 40 percent in the summer to approximately 80 percent in January, returning to less than 50 percent in the spring.

  13. The Building Blocks of Life Move from Ground to Tree to Animal and Back to Ground

    Science.gov (United States)

    Davidson, E. A.

    2015-12-01

    I generally use combinations of big words to describe my science, such as biogeochemistry, ecosystem ecology, nutrient cycling, stoichiometry, tropical deforestation, land-use change, agricultural intensification, eutrophication, greenhouse gas emissions, and sustainable development. I didn't expect to use any of these words, but I was surprised that I couldn't use some others that seem simple enough to me, such as farm, plant, soil, and forest. I landed on "building blocks" as my metaphor for the forms of carbon, nitrogen, phosphorus, and other elements that I study as they cycle through and among ecosystems. I study what makes trees and other kinds of life grow. We all know that they need the sun and that they take up water from the ground, but what else do trees need from the ground? What do animals that eat leaves and wood get from the trees? Just as we need building blocks to grow our bodies, trees and animals also need building blocks for growing their bodies. Trees get part of their building blocks from the ground and animals get theirs from what they eat. When animals poop and when leaves fall, some of their building blocks return to the ground. When they die, their building blocks also go back to the ground. I also study what happens to the ground, the water, and the air when we cut down trees, kill or shoo away the animals, and make fields to grow our food. Can we grow enough food and still keep the ground, water, and air clean? I think the answer is yes, but it will take better understanding of how all of those building blocks fit together and move around, from ground to tree to animal and back to ground.

  14. Computer simulation and implementation of defected ground structure on a microstrip antenna

    Science.gov (United States)

    Adrian, H.; Rambe, A. H.; Suherman

    2018-03-01

    Defected Ground Structure (DGS) is a method reducing etching area on antenna ground to form desirable antenna’s ground field. This paper reports the method impact on microstrip antennas working on 1800 and 2400 MHz. These frequencies are important as many radio network applications such mobile phones and wireless devices working on these channels. The assessments were performed by simulating and fabricating the evaluated antennas. Both simulation data and implementation measurements show that DGS successfully improves antenna performances by increasing bandwidth up to 19%, reducing return loss up to 109% and increasing gain up to 33%.

  15. Theoretical and experimental studies of the waveforms associated with stratospheric infrasonic returns

    Science.gov (United States)

    Waxler, R.; Talmadge, C. L.; Blom, P.

    2009-12-01

    Theory predicts that for ground to ground infrasound propagation along paths which travel downwind, relative to the stratospheric jet, there is a shadow zone which ends about 200 km from the source where the first return from the stratosphere strikes the earth. With increasing range the single stratospheric arrival splits into two distinct arrivals, a fast arrival with the trace velocity of the effective sound speed at the stratopause, and a slower arrival with the trace velocity of the sound speed on the ground. To test the theory we have deployed eight infrasound arrays along an approximate line directly west of the site of the US Navy's Trident Missile rocket motor eliminations. The arrays were deployed during the summer of 2009 spaced roughly 10 km apart along a segment from 180 to 260 km west of the site. Comparisons between the theoretical predictions and the received data will be presented.

  16. Substantially Modified Ratios of Effector to Regulatory T Cells During Chemotherapy in Ovarian Cancer Patients Return to Pre-Treatment Levels at Completion: Implications for Immunotherapy

    International Nuclear Information System (INIS)

    Park, Anthony; Govindaraj, Chindu; Xiang, Sue D.; Halo, Julene; Quinn, Michael; Scalzo-Inguanti, Karen; Plebanski, Magdalena

    2012-01-01

    Ovarian cancer is the leading cause of death from gynaecological malignancy. Despite improved detection and treatment options, relapse rates remain high. Combining immunotherapy with the current standard treatments may provide an improved prognosis, however, little is known about how standard chemotherapy affects immune potential (particularly T cells) over time, and hence, when to optimally combine it with immunotherapy (e.g., vaccines). Herein, we assess the frequency and ratio of CD8+ central memory and effector T cells as well as CD4+ effector and regulatory T cells (Tregs) during the first 18 weeks of standard chemotherapy for ovarian cancer patients. In this pilot study, we observed increased levels of recently activated Tregs with tumor migrating ability (CD4+CD25 hi Foxp3+CD127−CCR4+CD38+ cells) in patients when compared to controls. Although frequency changes of Tregs as well as the ratio of effector T cells to Tregs were observed during treatment, the Tregs consistently returned to pre-chemotherapy levels at the end of treatment. These results indicate T cell subset distributions associated with recurrence may be largely resistant to being “re-set” to healthy control homeostatic levels following standard treatments. However, it may be possible to enhance T effector to Treg ratios transiently during chemotherapy. These results suggest personalized immune monitoring maybe beneficial when combining novel immuno-therapeutics with standard treatment for ovarian cancer patients

  17. Substantially Modified Ratios of Effector to Regulatory T Cells During Chemotherapy in Ovarian Cancer Patients Return to Pre-Treatment Levels at Completion: Implications for Immunotherapy

    Energy Technology Data Exchange (ETDEWEB)

    Park, Anthony; Govindaraj, Chindu; Xiang, Sue D., E-mail: Sue.Xiang@monash.edu [Department of Immunology, Central Clinical School, Faculty of Medicine, Nursing and Health Sciences, Monash University, Melbourne, Victoria 3004 (Australia); Halo, Julene; Quinn, Michael [Department of Oncology, Royal Women’s Hospital, Melbourne, Victoria 3052 (Australia); Scalzo-Inguanti, Karen; Plebanski, Magdalena, E-mail: Sue.Xiang@monash.edu [Department of Immunology, Central Clinical School, Faculty of Medicine, Nursing and Health Sciences, Monash University, Melbourne, Victoria 3004 (Australia)

    2012-06-18

    Ovarian cancer is the leading cause of death from gynaecological malignancy. Despite improved detection and treatment options, relapse rates remain high. Combining immunotherapy with the current standard treatments may provide an improved prognosis, however, little is known about how standard chemotherapy affects immune potential (particularly T cells) over time, and hence, when to optimally combine it with immunotherapy (e.g., vaccines). Herein, we assess the frequency and ratio of CD8+ central memory and effector T cells as well as CD4+ effector and regulatory T cells (Tregs) during the first 18 weeks of standard chemotherapy for ovarian cancer patients. In this pilot study, we observed increased levels of recently activated Tregs with tumor migrating ability (CD4+CD25{sup hi}Foxp3+CD127−CCR4+CD38+ cells) in patients when compared to controls. Although frequency changes of Tregs as well as the ratio of effector T cells to Tregs were observed during treatment, the Tregs consistently returned to pre-chemotherapy levels at the end of treatment. These results indicate T cell subset distributions associated with recurrence may be largely resistant to being “re-set” to healthy control homeostatic levels following standard treatments. However, it may be possible to enhance T effector to Treg ratios transiently during chemotherapy. These results suggest personalized immune monitoring maybe beneficial when combining novel immuno-therapeutics with standard treatment for ovarian cancer patients.

  18. 26 CFR 301.6103(h)(2)-1 - Disclosure of returns and return information (including taxpayer return information) to and by...

    Science.gov (United States)

    2010-04-01

    ... administration. 301.6103(h)(2)-1 Section 301.6103(h)(2)-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT... Returns Returns and Records § 301.6103(h)(2)-1 Disclosure of returns and return information (including..., shall, to the extent provided by section 6103(h)(2) (A), (B), and (C) and subject to the requirements of...

  19. EGYPTIAN MUTUAL FUNDS ANALYSIS: HISTORY, PERFORMANCE, OBJECTIVES, RISK AND RETURN

    Directory of Open Access Journals (Sweden)

    Petru STEFEA

    2013-10-01

    Full Text Available The present research aims to overview the mutual fund in Egypt. The establishment of the first mutual funds was achieved in 1994. Nowadays, the total mutual funds reached 90 funds , approximately. The income funds represent the largest share of the Egyptian mutual funds (40%, growth funds (25% and the private equity funds is at least (1%. The total population of the Egyptian mutual funds reached 22. Finally, the study proved that the Egyptian mutual funds have an impact on fund return , total risk and systemic; when analysis relationship between risk and return. The study found influencing for mutual fund's objectives on Sharpe and Terynor ratios.

  20. Hisse Senetleri Fiyatlarının Belirlenmesinde Finansal Oranların Rolü(The Role of Financial Ratios in Determining the Stock Prices

    Directory of Open Access Journals (Sweden)

    Oğuzhan AYDEMİR

    2012-01-01

    Full Text Available In this study, financial ratios being effective in determining stock prices are investigated by panel data analysis. In this aim, data set belonging to 73 companies indexed in Istanbul Stock Exchange (ISE and operating in manufacturing sector over the period of 1990-2000 is used. Empirical results suggest that profitability and liquidity ratios have a positive effect on stock returns. Moreover, leverage ratio taken as an indicator of indebtedness has the same effect. However, it is seen that operating ratios have no impact on stock returns. Consequently, it may be said that the role of financial ratios in determining the stock returns is low.

  1. Charge analysis on lightning discharges to the ground in Chinese inland plateau (close to Tibet

    Directory of Open Access Journals (Sweden)

    X. Qie

    Full Text Available Since the summer of 1996, scientists from China and Japan have conducted a joint observation of natural cloud-to-ground lightning discharges in the Zhongchuan area that is located close to Qinghai-Xizang (Tibet Plateau, China. It has been found that the long-duration of intracloud discharge processes, just before the first return stroke, lasted more than 120 ms for 85% of cloud-to-ground flashes in this area, with a mean duration of 189.7 ms and a maximum of 300 ms. We present the results of charge sources neutralized by four ground flashes and two intracloud discharge processes, just before the first return stroke, by using the data from a 5-site slow antenna network synchronized by GPS with 1 µs time resolution. The result shows that the altitudes of the neutralized negative charge for three negative ground flashes were between 2.7 to 5.4 km above the ground, while that of neutralized positive charges for one positive ground flash and one continuing current process were at about 2.0 km above the ground. The comparison with radar echo showed that the negative discharges initiated in the region greater than 20 dBZ or near the edge of the region with intense echoes greater than 40 dBZ, while positive discharge initiated in the weak echo region.

    Key words: Meterology and atmospheric dynamics (atmospheric electricity; convective processes; lightning

     

  2. Charge analysis on lightning discharges to the ground in Chinese inland plateau (close to Tibet

    Directory of Open Access Journals (Sweden)

    X. Qie

    2000-10-01

    Full Text Available Since the summer of 1996, scientists from China and Japan have conducted a joint observation of natural cloud-to-ground lightning discharges in the Zhongchuan area that is located close to Qinghai-Xizang (Tibet Plateau, China. It has been found that the long-duration of intracloud discharge processes, just before the first return stroke, lasted more than 120 ms for 85% of cloud-to-ground flashes in this area, with a mean duration of 189.7 ms and a maximum of 300 ms. We present the results of charge sources neutralized by four ground flashes and two intracloud discharge processes, just before the first return stroke, by using the data from a 5-site slow antenna network synchronized by GPS with 1 µs time resolution. The result shows that the altitudes of the neutralized negative charge for three negative ground flashes were between 2.7 to 5.4 km above the ground, while that of neutralized positive charges for one positive ground flash and one continuing current process were at about 2.0 km above the ground. The comparison with radar echo showed that the negative discharges initiated in the region greater than 20 dBZ or near the edge of the region with intense echoes greater than 40 dBZ, while positive discharge initiated in the weak echo region.Key words: Meterology and atmospheric dynamics (atmospheric electricity; convective processes; lightning  

  3. Predictable return distributions

    DEFF Research Database (Denmark)

    Pedersen, Thomas Quistgaard

    trace out the entire distribution. A univariate quantile regression model is used to examine stock and bond return distributions individually, while a multivariate model is used to capture their joint distribution. An empirical analysis on US data shows that certain parts of the return distributions......-of-sample analyses show that the relative accuracy of the state variables in predicting future returns varies across the distribution. A portfolio study shows that an investor with power utility can obtain economic gains by applying the empirical return distribution in portfolio decisions instead of imposing...

  4. A cross-country non parametric estimation of the returns to factors of production and the elasticity of scale

    Directory of Open Access Journals (Sweden)

    Adalmir Marquetti

    2009-06-01

    and 1995. The results support the hypotheses of constant returns to scale to factors and decreasing returns to accumulable factors. The low capital-labor ratio countries have important differences in factor elasticities in relation to other countries. The augmentation of the production function by human capital did not reduce the elasticity of physical capital as suggested by Mankiw, Romer and Weil (1992. Moreover, it is investigated if thefactors shares are really equal to their output elasticity. The wage share raises with the capital labor ratio and the sum of the output elasticity of labor and human capital is below the wage share for high capital labor ratio countries, happening the inverse for low capital labor ratio countries. It indicates the presence of externalities, or imperfect competition or that the marginal theory of distribution is inaccurate.

  5. Pengaruh Likuiditas, Profitabilitas, Leverage, dan Market Ratio terhadap Dividend Payout Ratio pada Perusahaan Manufaktur

    Directory of Open Access Journals (Sweden)

    Erna Puspita

    2017-04-01

    Full Text Available Dividend policy is concerned with financial policies regarding what amount cash dividend paid to shareholders and re-invested as retained earnings. The recent research aimed to test empirically various factors is considered to affect dividend policy. The independent variables in his research included Current Ratio (CR, Return on Equity (ROE, Debt to Equity Ratio (DER, and Earning Per Share (EPS. Meanwhile, the dependent variable was Dividend Payout Ratio (DPR. Quantitative research was used as the research design and the data was secondary data. Furthermore, purposive sampling was selected to get the sample. The result was 14 companies that pay dividend continuously during this research conducted on 2012 - 2014 were selected as the sample of this research. Multiple linier regression was used to analyze the data. The results showed that ROE and EPS has a contribution to the DPR, and then CR and DER has no contribution to the DPR.

  6. ANALISIS PENGARUH TINGKAT KESEHATAN BANK TERHADAP RETURN ON ASSET

    Directory of Open Access Journals (Sweden)

    Andy Setiawan

    2017-10-01

    Full Text Available Penelitian  ini  dilakukan  untuk  menganalisis pengaruh  tingkat kesehatan bank terhadap return on asset (ROA berdasarkan metode risk based bank rating (RBBR. Variabel independen yang diteliti adalah Non  Performing  Loan  (NPL, Loan to Deposit Ratio (LDR, Net Interest Margin (NIM, Capital Adequacy Ratio (CAR,  BOPO   (Biaya   Operasional/Pendapatan Operasional, Good Corporate Governance (GCG dan Posisi  Devisa  Netto  (PDN terhadap variabel dependen Return On Asset (ROA. Sampel yang digunakan  adalah  seluruh bank BUKU 4 di Indonesia selama periode 2007-2014. Teknik analisis data yang  digunakan  adalah  regresi  linier  berganda. Hasil penelitian ini menunjukkan bahwa tingkat kesehatan bank dengan metode RBBR berpengaruh signifikan secara bersama terhadap ROA. Secara parsial LDR, NIM, BOPO, dan PDN berpengaruh signifikan terhadap ROA. Sedangkan variabel NPL, GCG dan CAR tidak berpengaruh signifikan. Kemampuan prediksi dari ketujuh variabel  tersebut  terhadap  ROA  dalam  penelitian  ini  sebesar  93,7%,  sedangkan sisanya 6,3% dipengarui oleh faktor lain yang tidak dimasukkan ke dalam model penelitian.

  7. Return-to-Work Program for Injured Workers: Factors of Successful Return to Employment.

    Science.gov (United States)

    Awang, Halimah; Shahabudin, Sharifah Muhairah; Mansor, Norma

    2016-11-01

    This study examined the factors of successful return to employment among participants in the return to work program (RTW) following work-related injury. Data were obtained from the Social Security Organization database containing 9850 injured workers who underwent RTW in 2010 to 2013. About 65% had successfully returned to employment. Significant factors of successful return include gender, employer interest, motivation, age, intervention duration, and type of injury. Male and motivated employees were more likely to return to employment compared with female and unmotivated employees, respectively. Participants from interested employers were 23.22 times more likely to return to work than those from uninterested employers, whereas participants whose intervention period exceeded 5 months were 41% less likely to return to work compared with those whose intervention period was within 3 months. Appropriate strategy and enhanced collaboration between the stakeholders would improve the proportion of successful return to employment. © 2016 APJPH.

  8. Bank stock returns, leverage and the business cycle

    OpenAIRE

    Jing Yang; Kostas Tsatsaronis

    2012-01-01

    The returns on bank stocks rise and fall with the business cycle, making bank equity financing cheaper in the boom and dearer during a recession. This provides support for prudential tools that give incentives for banks to build capital buffers at times when the cost of equity is lower. In addition, banks with higher leverage face a higher cost of equity, which suggests that higher capital ratios are associated with lower funding costs.

  9. SCaN Network Ground Station Receiver Performance for Future Service Support

    Science.gov (United States)

    Estabrook, Polly; Lee, Dennis; Cheng, Michael; Lau, Chi-Wung

    2012-01-01

    Objectives: Examine the impact of providing the newly standardized CCSDS Low Density Parity Check (LDPC) codes to the SCaN return data service on the SCaN SN and DSN ground stations receivers: SN Current Receiver: Integrated Receiver (IR). DSN Current Receiver: Downlink Telemetry and Tracking (DTT) Receiver. Early Commercial-Off-The-Shelf (COTS) prototype of the SN User Service Subsystem Component Replacement (USS CR) Narrow Band Receiver. Motivate discussion of general issues of ground station hardware design to enable simple and cheap modifications for support of future services.

  10. Waste recycling: utilization of coffee grounds and kitchen waste in vermicomposting.

    Science.gov (United States)

    Adi, A J; Noor, Z M

    2009-01-01

    Vermicomposting using Lumbricus rubellus for 49 days was conducted after 21 days of pre-composting. Three different combination of treatments were prepared with eight replicates for each treatment namely cow dung: kitchen waste in 30:70 ratio (T(1)), cow dung: coffee grounds in 30:70 ratio (T(2)), and cow dung: kitchen waste: coffee grounds in 30:35:35 ratio (T(3)). The multiplication of earthworms in terms of numbers and weight were measured at the end of vermicomposting. Consequently, only T(2) showed significant increase (from it initial stage) compared to other treatments. The presence of coffee grounds in T(2) and T(3) showed higher percentage of nutrient elements in vermicompost produced. The data reveal that coffee grounds can be decomposed through vermicomposting and help to enhance the quality of vermicompost produced rather than sole use of kitchen waste in vermicomposting.

  11. The risk-return profile of Lithuanian private pension funds

    Czech Academy of Sciences Publication Activity Database

    Kabašinskas, A.; Šutienė, K.; Kopa, Miloš; Valakevičius, E.

    2017-01-01

    Roč. 30, č. 1 (2017), s. 1611-1630 ISSN 1331-677X R&D Projects: GA ČR GA13-25911S Institutional support: RVO:67985556 Keywords : Pension system reform * private pension funds * performance ratios * risk– return measuring * clustering Subject RIV: AH - Economics OBOR OECD: Finance Impact factor: 0.742, year: 2016 http://library.utia.cas.cz/separaty/2017/E/kopa-0483752.pdf

  12. 26 CFR 1.6013-2 - Joint return after filing separate return.

    Science.gov (United States)

    2010-04-01

    ... the case of a joint return made under section 6013(b), the period of limitations provided in sections... (c)(1) of this section, relating to the application of sections 6501 and 6651 with respect to a joint... 26 Internal Revenue 13 2010-04-01 2010-04-01 false Joint return after filing separate return. 1...

  13. The Risk Return Relationship: Evidence from Index Return and Realised Variance Series

    OpenAIRE

    Minxian Yang

    2014-01-01

    The risk return relationship is analysed in bivariate models for return and realised variance(RV) series. Based on daily time series from 21 international market indices for more than 13 years (January 2000 to February 2013), the empirical findings support the arguments of risk return tradeoff, volatility feedback and statistical balance. It is reasoned that the empirical risk return relationship is primarily shaped by two important data features: the negative contemporaneous correlation betw...

  14. Mapping the Antarctic grounding line with CryoSat-2 radar altimetry

    Science.gov (United States)

    Bamber, J. L.; Dawson, G. J.

    2017-12-01

    The grounding line, where grounded ice begins to float, is the boundary at which the ocean has the greatest influence on the ice-sheet. Its position and dynamics are critical in assessing the stability of the ice-sheet, for mass budget calculations and as an input into numerical models. The most reliable approaches to map the grounding line remotely are to measure the limit of tidal flexure of the ice shelf using differential synthetic aperture radar interferometry (DInSAR) or ICESat repeat-track measurements. However, these methods are yet to provide satisfactory spatial and temporal coverage of the whole of the Antarctic grounding zone. It has not been possible to use conventional radar altimetry to map the limit of tidal flexure of the ice shelf because it performs poorly near breaks in slope, commonly associated with the grounding zone. The synthetic aperture radar interferometric (SARin) mode of CryoSat-2, performs better over steeper margins of the ice sheet and allows us to achieve this. The SARin mode combines "delay Doppler" processing with a cross-track interferometer, and enables us to use elevations based on the first return (point of closest approach or POCA) and "swath processed" elevations derived from the time-delayed waveform beyond the first return, to significantly improve coverage. Here, we present a new method to map the limit of tidal motion from a combination of POCA and swath data. We test this new method on the Siple Coast region of the Ross Ice Shelf, and the mapped grounding line is in good agreement with previous observations from DinSAR and ICESat measurements. There is, however, an approximately constant seaward offset between these methods and ours, which we believe is due to the poorer precision of CryoSat-2. This new method has improved the coverage of the grounding zone across the Siple Coast, and can be applied to the rest of Antarctica.

  15. A note on trader Sharpe Ratios.

    Science.gov (United States)

    Coates, John M; Page, Lionel

    2009-11-25

    Traders in the financial world are assessed by the amount of money they make and, increasingly, by the amount of money they make per unit of risk taken, a measure known as the Sharpe Ratio. Little is known about the average Sharpe Ratio among traders, but the Efficient Market Hypothesis suggests that traders, like asset managers, should not outperform the broad market. Here we report the findings of a study conducted in the City of London which shows that a population of experienced traders attain Sharpe Ratios significantly higher than the broad market. To explain this anomaly we examine a surrogate marker of prenatal androgen exposure, the second-to-fourth finger length ratio (2D:4D), which has previously been identified as predicting a trader's long term profitability. We find that it predicts the amount of risk taken by traders but not their Sharpe Ratios. We do, however, find that the traders' Sharpe Ratios increase markedly with the number of years they have traded, a result suggesting that learning plays a role in increasing the returns of traders. Our findings present anomalous data for the Efficient Markets Hypothesis.

  16. A note on trader Sharpe Ratios.

    Directory of Open Access Journals (Sweden)

    John M Coates

    Full Text Available Traders in the financial world are assessed by the amount of money they make and, increasingly, by the amount of money they make per unit of risk taken, a measure known as the Sharpe Ratio. Little is known about the average Sharpe Ratio among traders, but the Efficient Market Hypothesis suggests that traders, like asset managers, should not outperform the broad market. Here we report the findings of a study conducted in the City of London which shows that a population of experienced traders attain Sharpe Ratios significantly higher than the broad market. To explain this anomaly we examine a surrogate marker of prenatal androgen exposure, the second-to-fourth finger length ratio (2D:4D, which has previously been identified as predicting a trader's long term profitability. We find that it predicts the amount of risk taken by traders but not their Sharpe Ratios. We do, however, find that the traders' Sharpe Ratios increase markedly with the number of years they have traded, a result suggesting that learning plays a role in increasing the returns of traders. Our findings present anomalous data for the Efficient Markets Hypothesis.

  17. Inference for the Sharpe Ratio Using a Likelihood-Based Approach

    Directory of Open Access Journals (Sweden)

    Ying Liu

    2012-01-01

    Full Text Available The Sharpe ratio is the prominent risk-adjusted performance measure used by practitioners. Statistical testing of this ratio using its asymptotic distribution has lagged behind its use. In this paper, highly accurate likelihood analysis is applied for inference on the Sharpe ratio. Both the one- and two-sample problems are considered. The methodology has O(n−3/2 distributional accuracy and can be implemented using any parametric return distribution structure. Simulations are provided to demonstrate the method's superior accuracy over existing methods used for testing in the literature.

  18. H+/ATP ratio during ATP hydrolysis by mitochondria: modification of the chemiosmotic theory.

    Science.gov (United States)

    Brand, M D; Lehninger, A L

    1977-01-01

    The stoichiometry of H+ ejection by mitochondria during hydrolysis of a small pulse of ATP (the H+/ATP ratio) has been reexamined in the light of our recent observation that the stoichiometry of H+ ejection during mitochondrial electron transport (the H+/site ratio) was previously underestimated. We show that earlier estimates of the H+/ATP ratio in intact mitochondria were based upon an invalid correction for scaler H+ production and describe a modified method for determination of this ratio which utilizes mersalyl or N-ethylmaleimide to prevent complicating transmembrane movements of phosphate and H+. This method gives a value for the H+/ATP ratio of 2.0 without the need for questionable corrections, compared with a value of 3.0 for the H+/site ratio also obtained by pulse methods. A modified version of the chemiosmotic theory is presented, in which 3 H+ are ejected per pair of electrons traversing each energy-conserving site of the respiratory chain. Of these, 2 H+ return to the matrix through the ATPase to form ATP from ADP and phosphate, and 1 H+ returns through the combined action of the phosphate and adenine nucleotide exchange carriers of the inner membrane to allow the energy-requiring influx of Pi and ADP3- and efflux of ATP4-. Thus, up to one-third of the energy input into synthesis of extramitochondrial ATP may be required for transport work. Since other methods suggest that the H+/site significantly exceeds 3.0, an alternative possibility is that 4 h+ are ejected per site, followed by return of 3 H+ through the ATPase and 1 H+ through the operation of the proton-coupled membrane transport systems. PMID:17116

  19. Do MENA stock market returns follow a random walk process?

    Directory of Open Access Journals (Sweden)

    Salim Lahmiri

    2013-01-01

    Full Text Available In this research, three variance ratio tests: the standard variance ratio test, the wild bootstrap multiple variance ratio test, and the non-parametric rank scores test are adopted to test the random walk hypothesis (RWH of stock markets in Middle East and North Africa (MENA region using most recent data from January 2010 to September 2012. The empirical results obtained by all three econometric tests show that the RWH is strongly rejected for Kuwait, Tunisia, and Morocco. However, the standard variance ratio test and the wild bootstrap multiple variance ratio test reject the null hypothesis of random walk in Jordan and KSA, while non-parametric rank scores test do not. We may conclude that Jordan and KSA stock market are weak efficient. In sum, the empirical results suggest that return series in Kuwait, Tunisia, and Morocco are predictable. In other words, predictable patterns that can be exploited in these markets still exit. Therefore, investors may make profits in such less efficient markets.

  20. Factors Affecting Stock Returns of Firms Quoted in ISE Market: A Dynamic Panel Data Approach

    Directory of Open Access Journals (Sweden)

    Şebnem Er

    2013-07-01

    Full Text Available Several studies, explaining the factors affecting stock returns, have been published both in developed and developing countries. In many of these papers, either cross-sectional or time series methods have been applied. In this study, Dynamic Panel Data Analysis Methods have been conducted to explain the factors affecting stock returns of 64 manufacturing firms that are continuously quoted in ISE during the period of 2003-2007. The results indicate that stock performance, financial structure, activity and profitability ratios can be used to explain the stock returns as well as the oil prices, economic growth, exchange rate, interest rate, and money supply.

  1. OSIRIS-REx: Sample Return from Asteroid (101955) Bennu

    Science.gov (United States)

    Lauretta, D. S.; Balram-Knutson, S. S.; Beshore, E.; Boynton, W. V.; Drouet d'Aubigny, C.; DellaGiustina, D. N.; Enos, H. L.; Golish, D. R.; Hergenrother, C. W.; Howell, E. S.; Bennett, C. A.; Morton, E. T.; Nolan, M. C.; Rizk, B.; Roper, H. L.; Bartels, A. E.; Bos, B. J.; Dworkin, J. P.; Highsmith, D. E.; Lorenz, D. A.; Lim, L. F.; Mink, R.; Moreau, M. C.; Nuth, J. A.; Reuter, D. C.; Simon, A. A.; Bierhaus, E. B.; Bryan, B. H.; Ballouz, R.; Barnouin, O. S.; Binzel, R. P.; Bottke, W. F.; Hamilton, V. E.; Walsh, K. J.; Chesley, S. R.; Christensen, P. R.; Clark, B. E.; Connolly, H. C.; Crombie, M. K.; Daly, M. G.; Emery, J. P.; McCoy, T. J.; McMahon, J. W.; Scheeres, D. J.; Messenger, S.; Nakamura-Messenger, K.; Righter, K.; Sandford, S. A.

    2017-10-01

    In May of 2011, NASA selected the Origins, Spectral Interpretation, Resource Identification, and Security- Regolith Explorer (OSIRIS-REx) asteroid sample return mission as the third mission in the New Frontiers program. The other two New Frontiers missions are New Horizons, which explored Pluto during a flyby in July 2015 and is on its way for a flyby of Kuiper Belt object 2014 MU69 on January 1, 2019, and Juno, an orbiting mission that is studying the origin, evolution, and internal structure of Jupiter. The spacecraft departed for near-Earth asteroid (101955) Bennu aboard an United Launch Alliance Atlas V 411 evolved expendable launch vehicle at 7:05 p.m. EDT on September 8, 2016, on a seven-year journey to return samples from Bennu. The spacecraft is on an outbound-cruise trajectory that will result in a rendezvous with Bennu in November 2018. The science instruments on the spacecraft will survey Bennu to measure its physical, geological, and chemical properties, and the team will use these data to select a site on the surface to collect at least 60 g of asteroid regolith. The team will also analyze the remote-sensing data to perform a detailed study of the sample site for context, assess Bennu's resource potential, refine estimates of its impact probability with Earth, and provide ground-truth data for the extensive astronomical data set collected on this asteroid. The spacecraft will leave Bennu in 2021 and return the sample to the Utah Test and Training Range (UTTR) on September 24, 2023.

  2. Near-ground tornado-like vortex structure resolved by particle image velocimetry (PIV)

    Energy Technology Data Exchange (ETDEWEB)

    Zhang, Wei [Iowa State University, Aerospace Engineering Department, Ames, IA (United States); University of Minnesota, Saint Anthony Falls Laboratory, Minneapolis, MN (United States); Sarkar, Partha P. [Iowa State University, Aerospace Engineering Department, Ames, IA (United States)

    2012-02-15

    The near-ground flow structure of tornadoes is of utmost interest because it determines how and to what extent civil structures could get damaged in tornado events. We simulated tornado-like vortex flow at the swirl ratios of S = 0.03-0.3 (vane angle {theta}{sub v} = 15 -60 ), using a laboratory tornado simulator and investigated the near-ground-vortex structure by particle imaging velocimetry. Complicated near-ground flow was measured in two orthogonal views: horizontal planes at various elevations (z = 11, 26 and 53 mm above the ground) and the meridian plane. We observed two distinct vortex structures: a single-celled vortex at the lowest swirl ratio (S = 0.03, {theta}{sub v} = 15 ) and multiple suction vortices rotating around the primary vortex (two-celled vortex) at higher swirl ratios (S = 0.1-0.3, {theta}{sub v} = 30 -60 ). We quantified the effects of vortex wandering on the mean flow and found that vortex wandering was important and should be taken into account in the low swirl ratio case. The tangential velocity, as the dominant velocity component, has the peak value about three times that of the maximum radial velocity regardless of the swirl ratio. The maximum velocity variance is about twice at the high swirl ratio ({theta}{sub v} = 45 ) that at the low swirl ratio ({theta}{sub v} = 15 ), which is contributed significantly by the multiple small-scale secondary vortices. Here, the results show that not only the intensified mean flow but greatly enhanced turbulence occurs near the surface in the tornado-like vortex flow. The intensified mean flow and enhanced turbulence at the ground level, correlated with the ground-vortex interaction, may cause dramatic damage of the civil structures in tornadoes. This work provides detailed characterization of the tornado-like vortex structure, which has not been fully revealed in previous field studies and laboratory simulations. It would be helpful in improving the understanding of the interaction between the

  3. Mathematical Formulation of the Remote Electric and Magnetic Emissions of the Lightning Dart Leader and Return Stroke

    Science.gov (United States)

    Thiemann, Edward M. B.

    Lightning detection and geolocation networks have found widespread use by the utility, air traffic control and forestry industries as a means of locating strikes and predicting imminent recurrence. Accurate lightning geolocation requires detecting VLF radio emissions at multiple sites using a distributed sensor network with typical baselines exceeding 150 km, along with precision time of arrival estimation to triangulate the origin of a strike. The trend has been towards increasing network accuracy without increasing sensor density by incorporating precision GPS synchronized clocks and faster front-end signal processing. Because lightning radio waveforms evolve as they propagate over a finitely conducting earth, and that measurements for a given strike may have disparate propagation path lengths, accurate models are required to determine waveform fiducials for precise strike location. The transition between the leader phase and return stroke phase may offer such a fiducial and warrants quantitative modeling to improve strike location accuracy. The VLF spectrum of the ubiquitous downward negative lightning strike is able to be modeled by the transfer of several Coulombs of negative charge from cloud to ground in a two-step process. The lightning stepped leader ionizes a plasma channel downward from the cloud at a velocity of approximately 0.05c, leaving a column of charge in its path. Upon connection with a streamer, the subsequent return stroke initiates at or near ground level and travels upward at an average but variable velocity of 0.3c. The return stroke neutralizes any negative charge along its path. Subsequent dart leader and return strokes often travel smoothly down the heated channel left by a preceding stroke, lacking the halting motion of the preceding initial stepped leader and initial return stroke. Existing lightning models often neglect the leader current and rely on approximations when solving for the return stroke. In this thesis, I present an

  4. The structure of occupational health nurses' support for return-to-work to workers with depression.

    Science.gov (United States)

    Hatanaka, Junko

    2016-07-29

    The present study aimed to explore the structure of occupational health nurses' support for return-to-work to workers with depression. Semi-structured interviews were conducted with 10 occupational health nurses who support workers returning to work. Data were analyzed using the Modified Grounded Theory Approach. The qualitatively analyzed data was grouped into 9 categories. The support for return-to-work was divided into 3 periods: (1) the first priority for recovery, (2) preparation for return-to-work, and (3) adaptation to work. There were indirect supports to workers such as "environmental arrangement for medical treatment," "connection," and "support form parties concerned about workers," and direct supports such as "readiness for medical treatment," "overcoming social and psychological problems," and "working life independence. " Direct support was facilitated by "construction of the relationship. " The occupational health nurses' philosophy was to support "profitable return-to-work for both the worker and the employer. " These processes were "support of confidence recovery process " to regain confidence lost through absence from work because of depression and to accomplish a smooth return-to-work. There were problems in each period corresponding to the return-to-work conditions, and occupational health nurses supported the employees in overcoming each problem. Moreover, it was said that cooperation with the parties concerned in the office would greatly influence the success or failure in the return-to-work support, and it was thought that direct supports and indirect supports to employees with respect to adjustment with the parties concerned in the office were necessary. The structure of occupational health nurses' supports was to support the confidence recovery process of workers by indirect and direct support at each period of return-to-work.

  5. Influence of footwear designed to boost energy return on running economy in comparison to a conventional running shoe.

    Science.gov (United States)

    Sinclair, J; Mcgrath, R; Brook, O; Taylor, P J; Dillon, S

    2016-01-01

    Running economy is a reflection of the amount of inspired oxygen required to maintain a given velocity and is considered a determining factor for running performance. Athletic footwear has been advocated as a mechanism by which running economy can be enhanced. New commercially available footwear has been developed in order to increase energy return, although their efficacy has not been investigated. This study aimed to examine the effects of energy return footwear on running economy in relation to conventional running shoes. Twelve male runners completed 6-min steady-state runs in conventional and energy return footwear. Overall, oxygen consumption (VO2), heart rate, respiratory exchange ratio, shoe comfort and rating of perceived exertion were assessed. Moreover, participants subjectively indicated which shoe condition they preferred for running. Differences in shoe comfort and physiological parameters were examined using Wilcoxon signed-rank tests, whilst shoe preferences were tested using a chi-square analysis. The results showed that VO2 and respiratory exchange ratio were significantly lower, and shoe comfort was significantly greater, in the energy return footwear. Given the relationship between running economy and running performance, these observations indicate that the energy return footwear may be associated with enhanced running performance in comparison to conventional shoes.

  6. RISK AND RETURN IN THE REAL ESTATE, BOND AND STOCK MARKETS

    Directory of Open Access Journals (Sweden)

    Wolski Rafał

    2017-09-01

    Full Text Available Studies investigating the relation between risk and return occupy an important place in the discussion about the effectiveness of investing in real estate. A review of the available studies shows that real estate investments are less profitable than stocks, but in terms of risk and return, are usually the best option. This worldwide regularity may not necessarily be presented in Poland, as the Polish market is not fully fledged yet. The analysis presented in this article was performed with a view to reducing a research gap resulting from the lack of comprehensive Polish studies in this field. In the article, data spanning the years from 2006 to 2016 are examined by means of descriptive statistics, measures of risk, and the analysis of variance (ANOVA to determine which of the following investment vehicles - bonds, real estate or stocks - offer the best risk-return ratio. The article has two parts. The analytical part is a review of studies on risk measurement methods and of earlier studies investigating risk and return by a class of assets (particularly real estate. In the empirical part, assets are compared with the use of statistical methods. The results of the risk-return analysis point to the money market as the best option for investors. Stocks and real estate ranked second and third, respectively.

  7. FAKTOR PENENTU RETURN SAHAM DENGAN PRICE TO BOOK VALUE SEBAGAI VARIABEL MODERASI DI BURSA EFEK INDONESIA

    Directory of Open Access Journals (Sweden)

    Sri Lestari Kurniawati

    2017-03-01

    Full Text Available The purpose of this study was to exemine the effect of the company’s financial performance variables consistingof earning growth ratio, dividend payout ratio and size, the variable return equity price to book value as amoderating variable. The samples in this study were all companies listed on the Indonesia Stock Exchangefrom 2005 to 2010 by using purposive sampling with criteria that the company had a positive book value ofequity during the study period. The company splitted the cash dividend and the company did not do corporateactions such as stock splits, reverse stock, stock dividend. The data used in this study were all companies listedon the Indonesia Stock Exchange from 2005 to 2010 (except for companies engaged in finance and banking byusing multiple linear regression to test the interaction or Multiple Regresion Analysis (MRA. The studyfound that the price to book value was not able to significantly moderate the effect of earning growth ratio,dividend payout ratio and size toward the stock return variable for the interaction test results showed thesignificant value was greater than interaction of alpha as 5%.

  8. Low Aspect-Ratio Wings for Wing-Ships

    DEFF Research Database (Denmark)

    Filippone, Antonino; Selig, M.

    1998-01-01

    Flying on ground poses technical and aerodynamical challenges. The requirements for compactness, efficiency, manouverability, off-design operation,open new areas of investigations in the fieldof aerodynamic analysis and design. A review ofthe characteristics of low-aspect ratio wings, in- and out...

  9. Ultra-Deepwater Gulf of Mexico Oil and Gas: Energy Return on Financial Investment and a Preliminary Assessment of Energy Return on Energy Investment

    Directory of Open Access Journals (Sweden)

    Matthew Moerschbaecher

    2011-10-01

    Full Text Available The purpose of this paper is to calculate the energy return on financial investment (EROFI of oil and gas production in the ultra-deepwater Gulf of Mexico (GoM in 2009 and for the estimated oil reserves of the Macondo Prospect (Mississippi Canyon Block 252. We also calculated a preliminary Energy Return on Investment (EROI based on published energy intensity ratios including a sensitivity analysis using a range of energy intensity ratios (7 MJ/$, 12 MJ/$, and 18 MJ/$. The EROFI for ultra-deepwater oil and gas at the well-head, ranged from 0.019 to 0.022 barrels (BOE, or roughly 0.85 gallons, per dollar. Our estimates of EROI for 2009 ultra-deepwater oil and natural gas at the well-head ranged from 7–22:1. The independently-derived EROFI of the Macondo Prospect oil reserves ranged from 0.012 to 0.0071 barrels per dollar (i.e., $84 to $140 to produce a barrel and EROI ranged from 4–16:1, related to the energy intensity ratio used to quantify costs. We believe that the lower end of these EROI ranges (i.e., 4 to 7:1 is more accurate since these values were derived using energy intensities averaged across the entire domestic oil and gas industry. Time series of the financial and preliminary EROI estimates found in this study suggest that the extraction costs of ultra-deepwater energy reserves in the GoM come at increasing energetic and economic cost to society.

  10. PENGARUH BIAYA AGENSI, KESEMPATAN INVESTASI, HUTANG, LIKUIDITAS, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP DIVIDEND PAYOUT RATIO

    Directory of Open Access Journals (Sweden)

    Purweni Widhianingrum

    2013-01-01

    Full Text Available The purpose of this research is to to determine the effect of agency costs (which is proxied by managerial ownership and institutional ownership, investment opportunities (which is proxied by firm age, market to book value and growth, debt, liquidity, profitability, and firm size on dividend payout ratio. The reseach is used manufacturing companies listed in IDX for periode 2003 until 2007 for object research, with total of population 151 companies.  The method of data collection is done by using polling data method and give 205 total  observation. Analysis method that use in this research is multiple regression analysis. The result of this reseach show that managerial ownership, institusional ownership, age of the firms, market to book value,  growth, debt to equity ratio, current ratio, return on asset and size of the firms simultanous have positive influences to devidend payout ratio. For partial influences, managerial ownership, age of the firms, debt to equity ratio, current ratio, return on asset and size of the firms have positive influences, and institusional ownership, market to book value,  growth have negative influences to dividend payout ratio. Debt to equity ratio have a dominant influences to dividend payout ratio.

  11. Return Stroke Current Reflections in Rocket-Triggered Lightning

    Science.gov (United States)

    Caicedo, J.; Uman, M. A.; Jordan, D.; Biagi, C. J.; Hare, B.

    2015-12-01

    In the six years from 2009 to 2014, there have been eight triggered flashes at the ICLRT, from a total of 125, in which a total of ten return stroke channel-base currents exhibited a dip 3.0 to 16.6 μs after the initial current peak. Close range electric field measurements show a related dip following the initial electric field peak, and electric field derivative measurements show an associated bipolar pulse, confirming that this phenomenon is not an instrumentation effect in the current measurement. For six of the eight flashes, high-speed video frames show what appears to be suspended sections of unexploded triggering wire at heights of about 150 to 300 m that are illuminated when the upward current wave reaches them. The suspended wire can act as an impedance discontinuity, perhaps as it explodes, and cause a downward reflection of some portion of the upward-propagating current wave. This reflected wave travels down the channel and causes the dip in the measured channel-base current when it reaches ground and reflects upward. The modified transmission line model with exponential decay (MTLE) is used to model the close electric field and electric field derivatives of the postulated initial and reflected current waves, starting with the measured channel base current, and the results are compared favorably with measurements made at distances ranging from 92 to 444 m. From the measured time between current impulse initiation and the time the current reflection reaches the channel base and the current dip initiates, along with the reflection height from the video records, we find the average return stroke current speed for each of the ten strokes to be from 0.28 to 1.9×108 ms-1, with an error of ±0.01×108 ms-1 due to a ±0.1 μs uncertainty in the measurement. This represents the first direct measurement of return stroke current speed, all previous return stroke speed measurements being derived from the luminosity of the process.

  12. ON ELLIPTICALLY POLARIZED ANTENNAS IN THE PRESENCE OF GROUND

    Science.gov (United States)

    The effect of ground reflections upon the far field of an elliptically polarized antenna of ar itrary orientation with r spect to ground is...investigated. The equation of the polarization ellipse produced by an elliptically polarized antenna in the presence of ground is derived, AND SEVERAL...EXAMPLES ILLUSTRATE THE VARIATION IN THE AXIS RATIO OF THE POLARIZATION ELLIPSE AS A FUNCTION OF THE GEOMETRY OF THE MEASURING SETUP. A method is presented

  13. The Influence of the Endogenous and Exogenous Factors on Credit Institutions’ Return on Equity

    Directory of Open Access Journals (Sweden)

    Baltes Nicolae

    2015-05-01

    Full Text Available The research’s purpose is to study the credit institutions’ performance, from the shareholders’ point of view, through return on equity (ROE. It aims to identify a dependency relationship between return on equity (ROE and endogenous factors (the growth rate of credit portfolio, the growth rate provisions, the solvency ratio, on the one hand and, on the other hand between ROE and the exogenous ones (GDP and inflation rate. The research was done over an horizon of 10 years (2004-2013 on the evolution of the return on equity indicator of two credit institutions listed on Bucharest Stock Exchange (Carpathian Commercial Bank SA and Banca Transilvania SA, highlights their vulnerability to economic conditions. The results obtained indicates, that in both credit institutions, the variation of return on capital is determined in a significant proportion by intern factors and it is conditioned in a insignificant share by the exogenous factors

  14. Impacts of Returning Unsold Products in Retail Outsourcing Fashion Supply Chain: A Sustainability Analysis

    Directory of Open Access Journals (Sweden)

    Bin Shen

    2015-01-01

    Full Text Available l outsourcing with a return policy is quite commonly adopted in the fashion supply chain. Under the return policy, the supplier as a brand owner may focus on production, and then outsource retailing to the retailer. In the meanwhile, the retailer may receive some support money from the supplier for subsidizing the loss of unsold products at the end of the selling season and be asked for shipping back. Motivated by this real practice in the fashion industry, we examine a two-echelon supply chain with one supplier and one retailer under the return policy. Several interesting findings are obtained from our analysis. First, we find that when the supply chain achieves channel coordination, the cost of physical return is at least partially borne by the supplier, no matter who is responsible for it in reality. Second, we find that the cost of physical return is significantly affecting the sustainability factors such as the expected amount leftover (which represents environmental friendliness, the expected sales to expected goods leftover ratio (which implies both environmental friendliness and economic sustainability, and the rate of return on investment (which indicates economic sustainability. Third, from a sustainability perspective, we find that the pure wholesale price contract is more sustainable than the coordinating return policy. A numerical study by the real company data is conducted and managerial insights from analysis are discussed.

  15. Strength Asymmetry and Landing Mechanics at Return to Sport after ACL Reconstruction

    Science.gov (United States)

    Schmitt, Laura C.; Paterno, Mark V.; Ford, Kevin R.; Myer, Gregory D.; Hewett, Timothy E.

    2014-01-01

    Purpose Evidence-based quadriceps femoris muscle (QF) strength guidelines for return to sport following anterior cruciate ligament (ACL) reconstruction are lacking. This study investigated the impact of QF strength asymmetry on knee landing biomechanics at the time of return to sport following ACL reconstruction. Methods Seventy-seven individuals (17.4 years) at the time of return to sport following primary ACL reconstruction (ACLR group) and 47 uninjured control individuals (17.0 years) (CTRL group) participated. QF strength was assessed and Quadriceps Index calculated (QI = [involved strength/uninvolved strength]*100%). The ACLR group was sub-divided based on QI: High Quadriceps (HQ, QI≥90%) and Low-Quadriceps (LQ, QIkinetic variables were collected during a drop vertical jump maneuver. Limb symmetry during landing, and discrete variables were compared among the groups with multivariate analysis of variance and linear regression analyses. Results The LQ group demonstrated worse asymmetry in all kinetic and ground reaction force variables compared to the HQ and CTRL groups, including reduced involved limb peak knee external flexion moments (p.05). In the ACLR group, QF strength estimated limb symmetry during landing after controlling for graft type, meniscus injury, knee pain and symptoms. Conclusion At the time of return to sport, individuals post-ACL reconstruction with weaker QF demonstrate altered landing patterns. Conversely, those with nearly symmetrical QF strength demonstrate landing patterns similar to uninjured individuals. Consideration of an objective QF strength measure may aid clinical decision-making to optimize sports participation following ACL reconstruction. PMID:25373481

  16. What stock market returns to expect for the future?

    Science.gov (United States)

    Diamond, P A

    2000-01-01

    . But lower savings as growth slows should partially or fully offset that effect. The present high stock prices, together with projected slow economic growth, are not consistent with a 7.0 percent return. With a plausible level of adjusted dividends (dividends plus net share repurchases), the ratio of stock value to gross domestic product (GDP) would rise more than 20-fold over 75 years. Similarly, the steady-state Gordon formula--that stock returns equal the adjusted dividend yield plus the growth rate of stock prices (equal to that of GDP)--suggests a return of roughly 4.0 percent to 4.5 percent. Moreover, when relative stock values have been high, returns over the following decade have tended to be low. To eliminate the inconsistency posed by the assumed 7.0 percent return, one could assume higher GDP growth, a lower long-run stock return, or a lower short-run stock return with a 7.0 percent return on a lower base thereafter. For example, with an adjusted dividend yield of 2.5 percent to 3.0 percent, the market would have to decline about 35 percent to 45 percent in real terms over the next decade to reach steady state. In short, either the stock market is overvalued and requires a correction to justify a 7.0 percent return thereafter, or it is correctly valued and the long-run return is substantially lower than 7.0 percent (or some combination). This article argues that the "overvalued" view is more convincing, since the "correctly valued" hypothesis implies an implausibly small equity premium. Although OCACT could adopt a lower rate for the entire 75-year period, a better approach would be to assume lower returns over the next decade and a 7.0 percent return thereafter.

  17. The PE Ratio and the Predicted Earnings Growth – the Case of Poland

    Directory of Open Access Journals (Sweden)

    Kurach Radosław

    2015-06-01

    Full Text Available We examine the components of equity returns on the Polish capital market. To analyse the underlying complexity of returns we took into consideration the model designed by Leibowitz (1999. This model captures three factors: dividend yield, expected growth in earnings and expected change in price-to-earnings (PE ratio. We applied this model to analyse the average discount/premium not only to particular shares but to market averages as well. Firstly, we examined the variation of PE across the companies (as adapted from Penman (1996 to analyse the average rate of return and their striking distance of individual stocks from a ‘normal’ level. Then we checked the transitory earnings in the portfolios of high PE, whereby a fall in current earnings relative to sustainable level of earnings leads to a transitory high PE ratio. We expect that the effect of transience in current year earnings can be significant. Lastly, we analysed the individual companies in order to check what percentage of companies give a “correct” signal about future prospects.

  18. Groundwater heat pumps with turbines for the return water; Grundwasser-Waermepumpe mit Rueckgabe-Turbinierung

    Energy Technology Data Exchange (ETDEWEB)

    Eberhard, M.

    2007-09-15

    This final report for the Swiss Federal Office of Energy (SFOE) reports on improvements in the efficiency of a ground water heat pump installation in an office building. The water return well was equipped with a turbine. In this installation, the ground water is pumped up from a depth of 45 meters which means that a lot of electricity is needed for the pumping of the water. Coefficients of performance of the system are quoted for the situation with and without the turbine. The conversion of a pump for use as a turbine is commented on. The construction of a specially developed turbine with reduced electricity consumption is suggested. Seasonal performance data of the system is provided in tabular form.

  19. Predictability of Stock Returns

    Directory of Open Access Journals (Sweden)

    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.

  20. Experimental analysis of direct-expansion ground-coupled heat pump systems

    Science.gov (United States)

    Mei, V. C.; Baxter, V. D.

    1991-09-01

    Direct-expansion ground-coil-coupled (DXGC) heat pump systems have certain energy efficiency advantages over conventional ground-coupled heat pump (GCHP) systems. Principal among these advantages are that the secondary heat transfer fluid heat exchanger and circulating pump are eliminated. While the DXGC concept can produce higher efficiencies, it also produces more system design and environmental problems (e.g., compressor starting, oil return, possible ground pollution, and more refrigerant charging). Furthermore, general design guidelines for DXGC systems are not well documented. A two-pronged approach was adopted for this study: (1) a literature survey, and (2) a laboratory study of a DXGC heat pump system with R-22 as the refrigerant, for both heating and cooling mode tests done in parallel and series tube connections. The results of each task are described in this paper. A set of general design guidelines was derived from the test results and is also presented.

  1. Size, Value, and Momentum in Polish Equity Returns: Local or International Factors?

    Directory of Open Access Journals (Sweden)

    Zaremba Adam

    2017-09-01

    Full Text Available This paper tests the performance of the Capital Asset Pricing Model (CAPM and the Fama-French three-factor and Carhart four-factor models on the Polish market. We use stock level data from April 2001 to January 2014 and find strong evidence for value and momentum effects, but only weak evidence for size premium. We formed portfolios double-sorted on size and book-to-market ratios, as well as on size and momentum, and we explain their returns with the above-mentioned asset pricing models. The CAPM is rejected and the three-factor and four-factor models perform well for the size and B/M sorted portfolios, but fail to explain returns on the size and momentum sorted portfolios. With the exception of the momentum factor, local Polish factors are not correlated with their European and global counterparts, suggesting market segmentation. Finally, the international value, size and momentum factors perform poorly in explaining cross-sectional variation in stock returns on the Polish market.

  2. Uranium isotopes in ground water as a prospecting technique

    International Nuclear Information System (INIS)

    Cowart, J.B.; Osmond, J.K.

    1980-02-01

    The isotopic concentrations of dissolved uranium were determined for 300 ground water samples near eight known uranium accumulations to see if new approaches to prospecting could be developed. It is concluded that a plot of 234 U/ 238 U activity ratio (A.R.) versus uranium concentration (C) can be used to identify redox fronts, to locate uranium accumulations, and to determine whether such accumulations are being augmented or depleted by contemporary aquifer/ground water conditions. In aquifers exhibiting flow-through hydrologic systems, up-dip ground water samples are characterized by high uranium concentration values (> 1 to 4 ppB) and down-dip samples by low uranium concentration values (less than 1 ppB). The boundary between these two regimes can usually be identified as a redox front on the basis of regional water chemistry and known uranium accumulations. Close proximity to uranium accumulations is usually indicated either by very high uranium concentrations in the ground water or by a combination of high concentration and high activity ratio values. Ground waters down-dip from such accumulations often exhibit low uranium concentration values but retain their high A.R. values. This serves as a regional indicator of possible uranium accumulations where conditions favor the continued augmentation of the deposit by precipitation from ground water. Where the accumulation is being dispersed and depleted by the ground water system, low A.R. values are observed. Results from the Gulf Coast District of Texas and the Wyoming districts are presented

  3. Miniaturized printed K shaped monopole antenna with truncated ground plane for 2.4/5.2/5.5/5.8 wireless lan applications

    Science.gov (United States)

    Chandan, Bharti, Gagandeep; Srivastava, Toolika; Rai, B. S.

    2018-04-01

    A novel truncated ground plane monopole antenna is proposed for wide band wireless local area network (WLAN) applications. The antenna contains a rectangular patch with a rectangular ring, a circular slot and a truncated ground plane printed on opposite sides of a low cost substrate FR4. The operating frequency bands for the antenna are band1 (2.4-2.88 GHz) and band 2 (4.8-6.3 GHz) with ≤ - 10 dB return loss which covers 2.4/5.2/5.5/5.8 GHz WLAN bands. The antenna is compact with overall dimension 26×40×0.8 mmł and with the dimension of patch 16×16×0.8 mm3. The two bands of antenna is obtained by cutting a rectangular ring and a circular slot in the patch and return loss is improved by cutting two rectangular slot in the ground plane. Performance measures of the antenna are shown in terms of return loss, current distribution, radiation pattern and gain. To verify the simulated results, the antenna is also fabricated and tested. The simulated and fabricated results have been found in good agreement.

  4. INVESTORS REACTIONS TO CHANGING FIRMS’ DEBT LEVEL AND ITS EFFECT TO STOCK RETURNS

    Directory of Open Access Journals (Sweden)

    AYŞE GÜL YILGÖR

    2013-06-01

    Full Text Available This paper investigates whether stock retuns are influenced by changing firms’ debt level and what the investors’ reactions to the announcement of this change are. We examine if the firms which have more debt comparing with prior year, could obtain cumulative abnormal return(CAR, then we test if the firms which leverage ratios are below the industry average could obtain more CAR than firms that the ratios are above the industry average. We find investors react changing firms’ debt level(with significantly positive or negative CAR. However the reactions are not related with if the leverage ratios are below or above industry average.

  5. Measurements of ground motion and SSC dipole vibrations

    International Nuclear Information System (INIS)

    Parkhomchuk, V.V.; Shiltsev, V.D.; Weaver, H.J.

    1993-06-01

    The results of seismic ground measurements at the Superconducting Super Collider (SSC) site and investigations of vibrational properties of superconducting dipoles for the SSC are presented. Spectral analysis of the data obtained in the large frequency band from 0.05 Hz to 2000 Hz is done. Resonant behavior and the dipole-to-ground transform ratio are investigated. The influence of measured vibrations on SSC operations is considered

  6. The Return to Foreign Aid

    DEFF Research Database (Denmark)

    Dalgaard, Carl-Johan Lars; Hansen, Henrik

    2017-01-01

    We estimate the average rate of return on investments financed by aid and by domestic resource mobilisation, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a correlated random coefficients model to estimate the average returns. Across...... different estimators and two different data sources for GDP and investment our findings are remarkably robust; the average gross return on ‘aid investments’ is about 20 per cent. This is in accord with micro estimates of the economic rate of return on aid projects and with aggregate estimates of the rate...

  7. The relation between the (N) and (N-1) electrons atomic ground state

    International Nuclear Information System (INIS)

    Briet, P.

    1984-05-01

    The relation between the ground state of an N and (N-1) electrons atomic system are studied. We show that in some directions of the configuration space, the ratio of the N electrons atomic ground state to the one particle density is asymptotically equivalent to the (N-1) electrons atomic ground state

  8. 76 FR 22611 - Specified Tax Return Preparers Required To File Individual Income Tax Returns Using Magnetic...

    Science.gov (United States)

    2011-04-22

    ... Specified Tax Return Preparers Required To File Individual Income Tax Returns Using Magnetic Media... Register on Wednesday, March 30, 2011 (76 FR 17521) providing guidance to specified tax return preparers who prepare and file individual income tax returns using magnetic media pursuant to section 6011(e)(3...

  9. Pengaruh Profitabilitas Dan Likuiditas Terhadap Capital Adequacy Ratio (CAR) Pada Bank Rakyat Indonesia (PERSERO) Tbk

    OpenAIRE

    Situmorang, Patar Sardo

    2011-01-01

    There are several factor that influent in banking performance such as liquidity and profitability. There could be represented with its financial ratios which can predict banking performance on capital matter (Capital Adequacy Ratio). The purpose of this research is to test influence of the variabel Interest Margin Loan (IML), Return on Equity (ROE), Loan To Deposit Ratio (LDR), and Reserve Requirement (GWM) toward Capital Adequacy Ratio (CAR). Data was used in this research based on public...

  10. Weather radar performance monitoring using a metallic-grid ground-scatterer

    Science.gov (United States)

    Falconi, Marta Tecla; Montopoli, Mario; Marzano, Frank Silvio; Baldini, Luca

    2017-10-01

    The use of ground return signals is investigated for checks on the calibration of power measurements of a polarimetric C-band radar. To this aim, a peculiar permanent single scatterer (PSS) consisting of a big metallic roof with a periodic mesh grid structure and having a hemisphere-like shape is considered. The latter is positioned in the near-field region of the weather radar and its use, as a reference calibrator, shows fairly good results in terms of reflectivity and differential reflectivity monitoring. In addition, the use of PSS indirectly allows to check for the radar antenna de-pointing which is another issue usually underestimated when dealing with weather radars. Because of the periodic structure of the considered PSS, simulations of its electromagnetic behavior were relatively easy to perform. To this goal, we used an electromagnetic Computer-Aided-Design (CAD) with an ad-hoc numerical implementation of a full-wave solution to model our PSS in terms of reflectivity and differential reflectivity factor. Comparison of model results and experimental measurements are then shown in this work. Our preliminary investigation can pave the way for future studies aiming at characterizing ground-clutter returns in a more accurate way for radar calibration purposes.

  11. A synergy perspective on gait – over-ground vs. treadmill walking

    DEFF Research Database (Denmark)

    Læssøe, Uffe; Madeleine, Pascal

    on movements has proposed that elemental and performance variables may represent good and bad components of variability [2]. We suggest that the gait pattern can be regarded as a movement synergy in which medio-lateral deviation in one stride can be corrected during the next stride (the elemental variables......). Such corrections ensure a straight gait path (the performance variable). AIM: The aim of this study was to apply a synergy approach to gait analysis by comparing over-ground and treadmill walking. The treadmill was hypothesized to demand a less variable walking path resulting in a larger good/bad variability ratio...... of the strides, and bad variance with respect to a similar line with a negative slope. The good/bad variance ratio was calculated and the difference between treadmill and over-ground walking was finally evaluated. RESULTS: The good/bad variance ratio for over-ground walking was 1.7 (CI95%: 1.5-2.0). When walking...

  12. Analisis Faktor-Faktor yang Memengaruhi Dividend Payout Ratio pada Perusahaan Sektor Industri yang Terdaftar di Bursa Efek Indonesia

    Directory of Open Access Journals (Sweden)

    Sunaryo Sunaryo

    2014-05-01

    Full Text Available The primary objective of this research is to learn the effect among return on assets (ROA, current ratio (CR, debt to equity ratio (DER, debt to total assets (DTA, and net income after tax (NIAT with dividend payout ratio (DPR, either partially or simultaneously. Research used qualitative method with secondary data collected by purposive sampling from industrial companies sector listed in IDX and preceding journals of scientific articles. Research used simple regression to test the hypothesis simultaneously with F test and t test for testing the partial hypothesis. Results of this research describe that return on assets (ROA and net income aftar tax (NIAT have significant effects to dividend payout ratio, but current ratio (CR, debt to equity ratio (DER, and debt to total assets do not have significant effects to dividend payout ratio. It is recommended to further research that the topic of this reseach can be continued using merchandising and distribution company groups, or service company groups either general or special, like: hotels, insurances, hospitals, and banks.

  13. A simple property of the contribution of double scattered radiation to the lidar returnes from homogeneous fogs

    International Nuclear Information System (INIS)

    Bruscaglioni, P.

    1979-01-01

    By using the formulas presented in a previous paper for the calculation of the ratio D/S between the contributions of doubly scattered and singly scattered radiation to lidar returns from homogeneous fogs, it is shown that the ratio D/S is proportional to the lidar range, indipendently from the particular model of fog, i.e. from the assumed phase scattering function

  14. Temporal Oculomotor Inhibition of Return and Spatial Facilitation of Return in a Visual Encoding Task

    Directory of Open Access Journals (Sweden)

    Steven G Luke

    2013-07-01

    Full Text Available Oculomotor inhibition of return (O-IOR is an increase in saccade latency prior to an eye movement to a recently fixated location compared to other locations. It has been proposed that this temporal O-IOR may have spatial consequences, facilitating foraging by inhibiting return to previously attended regions. In order to test this possibility, participants viewed arrays of objects and of words while their eye movements were recorded. Temporal O-IOR was observed, with equivalent effects for object and word arrays, indicating that temporal O-IOR is an oculomotor phenomenon independent of array content. There was no evidence for spatial inhibition of return. Instead, spatial facilitation of return was observed: Participants were significantly more likely than chance to make return saccades and to refixate just-visited locations. Further, the likelihood of making a return saccade to an object or word was contingent on the amount of time spent viewing that object or word before leaving it. This suggests that, unlike temporal O-IOR, return probability is influenced by cognitive processing. Taken together, these results are inconsistent with the hypothesis that inhibition of return functions as a foraging facilitator. The results also provide strong evidence for a different oculomotor bias that could serve as a foraging facilitator: saccadic momentum, a tendency to repeat the most recently executed saccade program. We suggest that models of visual attention could incorporate saccadic momentum in place of inhibition of return.

  15. Mars Sample Return Architecture Overview

    Science.gov (United States)

    Edwards, C. D.; Vijendran, S.

    2018-04-01

    NASA and ESA are exploring potential concepts for a Sample Retrieval Lander and Earth Return Orbiter that could return samples planned to be collected and cached by the Mars 2020 rover mission. We provide an overview of the Mars Sample Return architecture.

  16. Concussion Symptoms and Return to Play Time in Youth, High School, and College American Football Athletes.

    Science.gov (United States)

    Kerr, Zachary Y; Zuckerman, Scott L; Wasserman, Erin B; Covassin, Tracey; Djoko, Aristarque; Dompier, Thomas P

    2016-07-01

    % CI, 0.55-2.24). Compared with college athletes, the odds of return to play at least 30 days after injury were larger in youth athletes (odds ratio, 2.75; 95% CI, 1.10- 6.85) and high school athletes (odds ratio, 2.89; 95% CI, 1.61-5.19). The odds of return to play less than 24 hours after injury were larger in youth athletes than high school athletes (odds ratio, 6.23; 95% CI, 1.02-37.98). Differences in concussion-related outcomes existed by level of competition and may be attributable to genetic, biologic, and/or developmental differences or level-specific variations in concussion-related policies and protocols, athlete training management, and athlete disclosure. Given the many organizational, social environmental, and policy-related differences at each level of competition that were not measured in this study, further study is warranted to validate our findings.

  17. A Comprehensive K2 and Ground-based Study of CRTS J035905.9+175034, an Eclipsing SU UMa System with a Large Mass Ratio

    Science.gov (United States)

    Littlefield, Colin; Garnavich, Peter; Kennedy, Mark; Szkody, Paula; Dai, Zhibin

    2018-06-01

    CRTS J035905.9+175034 is the first eclipsing SU UMa system for which a superoutburst has been observed by Kepler in the short-cadence mode. The light curve contains one superoutburst, eight normal outbursts (including a precursor to the superoutburst), and several minioutbursts that are present before—but not after—the superoutburst. The superoutburst began with a precursor normal outburst, and shortly after the peak of the precursor, the system developed large-amplitude superhumps that achieved their maximum amplitude after just three superhump cycles. The period excess of the initial superhump period relative to the orbital period implies a mass ratio of 0.281 ± 0.015, placing it marginally above most theoretical predictions of the highest-possible mass ratio for superhump formation. In addition, our analysis of the variations in eclipse width and depth, as well as the hot spot amplitudes, generally provides substantiation of the thermal-tidal instability model. The K2 data, in conjunction with our ground-based time-resolved spectroscopy and photometry from 2014 to 2016, allows us to determine many of the fundamental parameters of this system.

  18. The case for increasing returns (2: the methods of planning horizons

    Directory of Open Access Journals (Sweden)

    Frederic B. Jennings Jr.

    2016-05-01

    Full Text Available In neoclassical economics, substitution assumptions support equilibrium models in closed systems shunning interdependence. On these grounds an array of frames show outcomes as stable, efficient, unique and determinate. Heterodox economists say equilibrium models sidestep practical knowledge and the rich reality of economic behavior. Rigor or realism, mainstream or radical, ecological, institutional, socio-cultural: economics invites a wide diversity of assumptions, once short-term models of substitution are opened to question. The answers are blurred by applications; there is clarity in a simplicity shielded from mundane detail. This paper addresses the methodological impact of planning horizons, increasing returns and complementarity, and their proper representation in economic constructions. Horizonal economics can be construed as extending orthodox standards into a realm of time, but for its subtler ramifications. Increasing returns make our relations complementary and not substitutional, loosening the tight deductions from mainstream models of choice. The horizonal extension of our received theory of price applies time to cost and demand curves, showing Marshallian scissors (supply and demand cut outward and downward with expanded horizons. Static conceptions appear in horizonal groups, suggesting complete theories of price should specify agents’ horizons, with no further radical impact: the trouble emerges with increasing returns and complementarity. Horizons stem from unbounded causality; if all we do ripples outward forever in nature and society, the relevant field of inquiry for economics is interdependent: this is the case for bounded rationality as an analytical limit to economic conceptions. In turn, interdependence suggests a use of network constructs to frame complex systemic cascades, and networks open a door to complementarity and increasing returns in transport and information exchange. The gaping maw of increasing returns and

  19. Robotic Ground-Penetrating-Radar (GPR) Surveys to Support the 2014 Greenland Inland Traverse

    Science.gov (United States)

    2016-06-01

    return via the same route to Thule in late May for over- winter equipment storage. The first 100 km of the route onto the main ice cap is ridden with...vehicle has a nominal ground pressure of 20 kPa through 0.51 m diameter all-terrain vehicle (ATV) tires . Yeti there- fore can drive safely over most

  20. 26 CFR 20.6018-2 - Returns; person required to file return.

    Science.gov (United States)

    2010-04-01

    ... executor or administrator shall file the return. If there is more than one executor or administrator, the return must be made jointly by all. If there is no executor or administrator appointed, qualified and... decedent situated in the United States is constituted an executor for purposes of the tax (see § 20.2203-1...

  1. Analisis Faktor Fundamental Terhadap Excess Return Saham Syariah Perusahaan Jakarta Islamic Index

    Directory of Open Access Journals (Sweden)

    Azwar Azwar

    2016-02-01

    Full Text Available The study concluded that based on the result of testing by using multiple regression analysis. There are four variables that significantly affect the excess return variables, they are: BV, DER, ROE and SWBI. Besides, they are other variables such as PER, inflation, and exchange rate had no significant effect on the variables excess stock returns. Thus, it can be assumed that the JII firms during the study period was fulfiling aspects of sharia compliance. The indications are book value can represent the real value of the assets of the company itself and the highest ratio of debt to asset is 2.84%, meanwhile the highest determination of Islamic National Council is 33%DOI: 10.15408/aiq.v3i1.2221

  2. 222Rn content and 234U/238U activity ratio in groundwaters

    International Nuclear Information System (INIS)

    Olguin, M.T.; Segovia, N.; Ordonez, E.; Iturbe, J.L.; Bulbulian, S.; Carrillo, J.

    1990-01-01

    Geochemical radioanalytical studies of ground water were perfomed in the valleys of Villa de Reyes and San Luis Potosi, Mexico. The experiments were designed to measure radon and uranium content and 234 U/ 238 U activity ratio in ground water samples taken from wells in these sites and at the Nuclear Center of Salazar, Mexico. 222 Rn content varied depending on the sample source, reaching a maximum value of 235 pCi/l; uranium concentration results were less than 1 μg/l and 234 U/ 238 U activity ratios were close to equilibrium. (author) 9 refs.; 1 fig.; 1 tab

  3. Ground level cosmic ray observations

    Energy Technology Data Exchange (ETDEWEB)

    Stephens, S.A. [Tata Institute of Fundamental Research, Bombay (International Commission on Radiation Units and Measurements); Grimani, C.; Brunetti, M.T.; Codino, A. [Perugia Univ. (Italy)]|[INFN, Perugia (Italy); Papini, P.; Massimo Brancaccio, F.; Piccardi, S. [Florence Univ. (Italy)]|[INFN, Florence (Italy); Basini, G.; Bongiorno, F. [INFN, Laboratori Nazionali di Frascati, Rome (Italy); Golden, R.L. [New Mexico State Univ., Las Cruces, NM (United States). Particle Astrophysics Lab.; Hof, M. [Siegen Univ. (Germany). Fachbereich Physik

    1995-09-01

    Cosmic rays at ground level have been collected using the NMSU/Wizard - MASS2 instrument. The 17-hr observation run was made on September 9. 1991 in Fort Sumner, New Mexico, Usa. Fort Sumner is located at 1270 meters a.s.l., corresponding to an atmospheric depth of about 887 g/cm{sup 2}. The geomagnetic cutoff is 4.5 GV/c. The charge ratio of positive and negative muons and the proton to muon ratio have been determined. These observations will also be compared with data collected at a higher latitude using the same basic apparatus.

  4. Isotope hydrology of ground waters of the Kalahari, Gordonia

    International Nuclear Information System (INIS)

    Verhagen, B.Th.

    1985-01-01

    Environmental isotope observations were conducted on ground waters from approximately 50 boreholes covering a substantial part of Gordonia. The quality of these waters ranges from fresh to saline. The observed isotope ratios cover a wide range of values, indicating varied hydrological conditions. The most important conclusions arrived at by this study are: 1. no important regional movement of ground water occurs at present; 2. there is widespread evidence of diffuse rainfall recharge; and 3. an important part of ground-water salinity is derived from the unsaturated zone, during such recharge

  5. Model Persamaan Massa Karbon Akar Pohon dan Root-Shoot Ratio Massa Karbon (Equation Models of Tree Root Carbon Mass and Root-Shoot Carbon Mass Ratio

    Directory of Open Access Journals (Sweden)

    Elias .

    2011-03-01

    Full Text Available The case study was conducted in the area of Acacia mangium plantation at BKPH Parung Panjang, KPH Bogor. The objective of the study was to formulate equation models of tree root carbon mass and root to shoot carbon mass ratio of the plantation. It was found that carbon content in the parts of tree biomass (stems, branches, twigs, leaves, and roots was different, in which the highest and the lowest carbon content was in the main stem of the tree and in the leaves, respectively. The main stem and leaves of tree accounted for 70% of tree biomass. The root-shoot ratio of root biomass to tree biomass above the ground and the root-shoot ratio of root biomass to main stem biomass was 0.1443 and 0.25771, respectively, in which 75% of tree carbon mass was in the main stem and roots of tree. It was also found that the root-shoot ratio of root carbon mass to tree carbon mass above the ground and the root-shoot ratio of root carbon mass to tree main stem carbon mass was 0.1442 and 0.2034, respectively. All allometric equation models of tree root carbon mass of A. mangium have a high goodness-of-fit as indicated by its high adjusted R2.Keywords: Acacia mangium, allometric, root-shoot ratio, biomass, carbon mass

  6. PUC fast track nips returns

    International Nuclear Information System (INIS)

    Anon.

    1990-01-01

    In the first of what it says will be annual cost-of-capital proceedings to set returns on equity and rates of return on rate base for electric utilities, the California Public Utilities Commission (PUC) lowered from 1989 levels the 1990 returns on common equity (ROE) and rates of return (ROR) for the state's four major investor-owned electric utilities. Under this fast-track procedure, by May 8 of every year, utilities will have to file an application for rate adjustments that reflect their projected costs of capital for the following year

  7. The return to foreign aid

    DEFF Research Database (Denmark)

    Dalgaard, Carl-Johan Lars; Hansen, Henrik

    We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop...... a correlated random coefficients model, to estimate the average aggregate return on ‘aid investments’ and ‘domestic investments’. Across different estimators and two different sources for GDP and investment data our findings are remarkably robust; the average gross return on ‘aid investments’ is about 20 per...

  8. Pengaruh Rasio Modal Saham Terhadap Return Saham Perusahaan-Perusahaan Telekomunikasi Go Public di Indonesia Periode 2007

    Directory of Open Access Journals (Sweden)

    David Wijaya

    2008-01-01

    Full Text Available The purpose of this research is to know the influence of market value ratio to return in the telecommunication go public companies in Indonesia. This research uses multiple regression linear method, examination of hypothesis by using t test, F test and R2 test. The result of this analysis indicates that simultaneously all independent variables (ROE, PER, BVPS, and PTBV do not have a positive and significant effect to dependent variable (return. It means that return variable influenced by other variables which do not included in this research. Partially, all independent variables (ROE, PER, BVPS, and PTBV do not have a positive and significant effect to dependent variable (return Abstract in Bahasa Indonesia: Penelitian ini bertujuan untuk mengetahui pengaruh rasio modal saham terhadap return pada perusahaan-perusahaan telekomunikasi terbuka di Indonesia. Penelitian ini menggunakan metode analisis regresi linier berganda, pengujian hipotesis dengan menggunakan uji t, uji F, dan uji R2. Hasil analisis menunjukkan bahwa secara simultan (secara bersama-sama, semua variabel independen (ROE, PER, BVPS, dan PTBV secara signifikan dan positif tidak memiliki pengaruh terhadap variabel dependen (return. Hal ini berarti bahwa variabel return dipengaruhi oleh variabel-variabel lain yang tidak termasuk dalam penelitian ini. Secara parsial, semua variabel independen (ROE, PER, BVPS, dan PTBV tidak memiliki pengaruh secara signifikan dan positif terhadap variabel dependen (Return. Kata kunci: Laba atas ekuitas, harga-laba, nilai buku per lembar saham, harga saham per nilai buku, imbal hasil

  9. Maternal return to paid work and breastfeeding practices in Bangkok, Thailand.

    Science.gov (United States)

    Aikawa, Tomomi; Pavadhgul, Patcharanee; Chongsuwat, Rewadee; Sawasdivorn, Siraporn; Boonshuyar, Chaweewon

    2015-03-01

    This study explored the association between mothers' work-related factors and breastfeeding practices in Bangkok, Thailand. Data were collected from 84 working mothers with a child aged 6 to 24 months who visited the breastfeeding mobile clinic at a nursery goods exhibition. Thai interviewers collected data using a structured questionnaire. Analysis of the data showed that exclusive breastfeeding for 3 months was 78.6%, and for 6 months it was 38.1%. Mothers who returned to work 3 months or more after giving birth exclusively breastfed more than the mothers who returned to work in less than 3 months (crude odds ratio [OR] = 4.26, 95% confidence interval [CI] = 1.39-13.05; adjusted OR = 4.15, 95% CI = 1.15-14.95). Moreover, mothers who worked at self-employed or family-owned businesses and some mothers working at private companies showed tendencies of returning to work in less than 3 months. Results suggest that longer maternity leave would help extend the duration of exclusive breastfeeding. In addition, the improvement of a breastfeeding supportive environment in the workplace would be valuable and may be an effective means to improve breastfeeding practices and infant health. © 2011 APJPH.

  10. The impact of forest structure and spatial scale on the relationship between ground plot above ground biomass and GEDI lidar waveforms

    Science.gov (United States)

    Armston, J.; Marselis, S.; Hancock, S.; Duncanson, L.; Tang, H.; Kellner, J. R.; Calders, K.; Disney, M.; Dubayah, R.

    2017-12-01

    The NASA Global Ecosystem Dynamics Investigation (GEDI) will place a multi-beam waveform lidar instrument on the International Space Station (ISS) to provide measurements of forest vertical structure globally. These measurements of structure will underpin empirical modelling of above ground biomass density (AGBD) at the scale of individual GEDI lidar footprints (25m diameter). The GEDI pre-launch calibration strategy for footprint level models relies on linking AGBD estimates from ground plots with GEDI lidar waveforms simulated from coincident discrete return airborne laser scanning data. Currently available ground plot data have variable and often large uncertainty at the spatial resolution of GEDI footprints due to poor colocation, allometric model error, sample size and plot edge effects. The relative importance of these sources of uncertainty partly depends on the quality of ground measurements and region. It is usually difficult to know the magnitude of these uncertainties a priori so a common approach to mitigate their influence on model training is to aggregate ground plot and waveform lidar data to a coarser spatial scale (0.25-1ha). Here we examine the impacts of these principal sources of uncertainty using a 3D simulation approach. Sets of realistic tree models generated from terrestrial laser scanning (TLS) data or parametric modelling matched to tree inventory data were assembled from four contrasting forest plots across tropical rainforest, deciduous temperate forest, and sclerophyll eucalypt woodland sites. These tree models were used to simulate geometrically explicit 3D scenes with variable tree density, size class and spatial distribution. GEDI lidar waveforms are simulated over ground plots within these scenes using monte carlo ray tracing, allowing the impact of varying ground plot and waveform colocation error, forest structure and edge effects on the relationship between ground plot AGBD and GEDI lidar waveforms to be directly assessed. We

  11. Adding Theoretical Grounding to Grounded Theory: Toward Multi-Grounded Theory

    OpenAIRE

    Göran Goldkuhl; Stefan Cronholm

    2010-01-01

    The purpose of this paper is to challenge some of the cornerstones of the grounded theory approach and propose an extended and alternative approach for data analysis and theory development, which the authors call multi-grounded theory (MGT). A multi-grounded theory is not only empirically grounded; it is also grounded in other ways. Three different grounding processes are acknowledged: theoretical, empirical, and internal grounding. The authors go beyond the pure inductivist approach in GT an...

  12. PENGARUH CAR DAN LDR TERHADAP RETURN ON ASSETS

    Directory of Open Access Journals (Sweden)

    Deden Edwar Yokeu Bernardin

    2016-10-01

      Banking is one of the sectors that dominate perkonomian Indonesia. The purpose of this study was to determine the effect of the Capital Adequacy Ratio (CAR and the Loan to Deposit Ratio (LDR Of Return On Assets (ROA at Bank BJB listed on the Stock Exchange with the observation period 2009 - 2015. The method used by researchers is using dekskriptif and verification method with quantitative approach using multiple regression analysis. This study uses a support program SPSS 20. The results in this study stated that partially showed that the CAR significant effect on ROA, means to show the truth of the factual from the Bank BJB is possible with the increased quality of the CAR will be the effect on the profit shown by the increase in ROA and LDR no significant effect on ROA, that the increase in liquidity does not necessarily increase profits in the analysis using ROA and by no means influence. Additionally simultaneously both CAR and LDR significant effect on ROA, means that the ratio analysis done of the higher value of CAR and LDR will necessarily increase in the profits of the Bank BJB by using ROA.   Keywords: CAR, LDR and ROA

  13. Joint synthetic aperture radar plus ground moving target indicator from single-channel radar using compressive sensing

    Science.gov (United States)

    Thompson, Douglas; Hallquist, Aaron; Anderson, Hyrum

    2017-10-17

    The various embodiments presented herein relate to utilizing an operational single-channel radar to collect and process synthetic aperture radar (SAR) and ground moving target indicator (GMTI) imagery from a same set of radar returns. In an embodiment, data is collected by randomly staggering a slow-time pulse repetition interval (PRI) over a SAR aperture such that a number of transmitted pulses in the SAR aperture is preserved with respect to standard SAR, but many of the pulses are spaced very closely enabling movers (e.g., targets) to be resolved, wherein a relative velocity of the movers places them outside of the SAR ground patch. The various embodiments of image reconstruction can be based on compressed sensing inversion from undersampled data, which can be solved efficiently using such techniques as Bregman iteration. The various embodiments enable high-quality SAR reconstruction, and high-quality GMTI reconstruction from the same set of radar returns.

  14. Calculating the return on investment of mobile healthcare.

    Science.gov (United States)

    Oriol, Nancy E; Cote, Paul J; Vavasis, Anthony P; Bennet, Jennifer; Delorenzo, Darien; Blanc, Philip; Kohane, Isaac

    2009-06-02

    Mobile health clinics provide an alternative portal into the healthcare system for the medically disenfranchised, that is, people who are underinsured, uninsured or who are otherwise outside of mainstream healthcare due to issues of trust, language, immigration status or simply location. Mobile health clinics as providers of last resort are an essential component of the healthcare safety net providing prevention, screening, and appropriate triage into mainstream services. Despite the face value of providing services to underserved populations, a focused analysis of the relative value of the mobile health clinic model has not been elucidated. The question that the return on investment algorithm has been designed to answer is: can the value of the services provided by mobile health programs be quantified in terms of quality adjusted life years saved and estimated emergency department expenditures avoided? Using a sample mobile health clinic and published research that quantifies health outcomes, we developed and tested an algorithm to calculate the return on investment of a typical broad-service mobile health clinic: the relative value of mobile health clinic services = annual projected emergency department costs avoided + value of potential life years saved from the services provided. Return on investment ratio = the relative value of the mobile health clinic services/annual cost to run the mobile health clinic. Based on service data provided by The Family Van for 2008 we calculated the annual cost savings from preventing emergency room visits, $3,125,668 plus the relative value of providing 7 of the top 25 priority prevention services during the same period, US$17,780,000 for a total annual value of $20,339,968. Given that the annual cost to run the program was $567,700, the calculated return on investment of The Family Van was 36:1. By using published data that quantify the value of prevention practices and the value of preventing unnecessary use of emergency

  15. Long-term portfolio investments: New insight into return and risk

    Directory of Open Access Journals (Sweden)

    Alexander Abramov

    2015-09-01

    Emphasis is placed on the need for regular adjustments to long-term investors’ portfolios. As portfolios get older, those investors see a reduction in the returns’ dispersion, while differences in risk between various portfolios increase. This means that to maintain a fixed risk–return ratio for a portfolio as the horizon increases, an investor needs to increase the share of lower-risk financial assets during asset allocation process. This thesis becomes especially relevant in the context of retirement savings management.

  16. Fundamental volatility and stock returns : does fundamental volatility explain stock returns?

    OpenAIRE

    Selboe, Guner K.; Virdee, Jaspal Singh

    2017-01-01

    In this thesis, we investigate whether the fundamental uncertainty can explain the crosssection of stock returns. To measure the fundamental uncertainty, we estimate rolling standard deviations and accounting betas of four different fundamentals: revenues, gross profit, earnings and cash flows. The standard deviation and the beta of revenues significantly explain returns in the Fama-Macbeth procedure, but only appears significant among smaller stocks in the portfolio formation ...

  17. Fast fission ratio and relative conversion ratio measurements in gadolinium poisoned water moderated UO2 lattices

    International Nuclear Information System (INIS)

    Murphy, M.F.

    1984-01-01

    A programme of criticality experiments has been carried out for BNFL by the Battelle reactor facility at Pacific Northwest Laboratories in Washington State, USA. A series of water moderated lattices of 4.3% enriched, 12.7 mm diameter, UO 2 fuel rods was studied, the fuel pitch was varied and the effects of gadolinium poison were measured. This report deals with the measurement of Fast Fission Ratios and Relative Conversion Ratios at the centre of five of the critical lattices. The Fast Fission Ratio (FFR) is defined here as the ratio of the fission rate per atom of U238, to the fission rate per atom of U235. The Relative Conversion Ratio (RCR) is defined as the ratio of the capture rate per ,atom of U238, to the fission rate per atom of U235, in the reactor fuel, relative to the corresponding ratio in a well thermalised neutron spectrum. A major aspect of these measurements was that the packs of foils were prepared at AEEW Winfrith, despatched to the USA for irradiation and returned to Winfrith for counting. This resulted in a considerable logistics problem but by good planning and the co-operation and diligence of all concerned this problem was overcome. However, the long distance involved inevitably meant that samples were not available for measurement until about 28 hours after the irradiation. It was therefore necessary to modify the techniques that are normally used in the Reactor Physics Division Counting Laboratory, where samples are normally available about two hours after shut-down. The techniques used and the results obtained are given below

  18. Dual-Frequency Impedance Transformer Using Coupled-Line For Ultra-High Transforming Ratio

    Directory of Open Access Journals (Sweden)

    R. K. Barik

    2017-12-01

    Full Text Available In this paper, a new type of dual-frequency impedance transformer is presented for ultra-high transforming ratio. The proposed configuration consists of parallel coupled-line, series transmission lines and short-ended stubs. The even and odd-mode analysis is applied to obtain the design equations and hence to provide an accurate solution. Three examples of the dual-frequency transformer with load impedance of 500, 1000 and 1500 Ω are designed to study the matching capability and bandwidth property. To prove the frequency agility of the proposed network, three prototypes of dual-frequency impedance transformer with transforming ratio of 10, 20 and 30 are fabricated and tested. The measured return loss is greater than 15 dB at two operating frequencies for all the prototypes. Also, the bandwidth is more than 60 MHz at each frequency band for all the prototypes. The measured return loss is found in good agreement with the circuit and full-wave simulations.

  19. Classifying Returns as Extreme

    DEFF Research Database (Denmark)

    Christiansen, Charlotte

    2014-01-01

    I consider extreme returns for the stock and bond markets of 14 EU countries using two classification schemes: One, the univariate classification scheme from the previous literature that classifies extreme returns for each market separately, and two, a novel multivariate classification scheme tha...

  20. Energy Return on Investment (EROI) for Forty Global Oilfields Using a Detailed Engineering-Based Model of Oil Production

    Science.gov (United States)

    Brandt, Adam R.; Sun, Yuchi; Bharadwaj, Sharad; Livingston, David; Tan, Eugene; Gordon, Deborah

    2015-01-01

    Studies of the energy return on investment (EROI) for oil production generally rely on aggregated statistics for large regions or countries. In order to better understand the drivers of the energy productivity of oil production, we use a novel approach that applies a detailed field-level engineering model of oil and gas production to estimate energy requirements of drilling, producing, processing, and transporting crude oil. We examine 40 global oilfields, utilizing detailed data for each field from hundreds of technical and scientific data sources. Resulting net energy return (NER) ratios for studied oil fields range from ≈2 to ≈100 MJ crude oil produced per MJ of total fuels consumed. External energy return (EER) ratios, which compare energy produced to energy consumed from external sources, exceed 1000:1 for fields that are largely self-sufficient. The lowest energy returns are found to come from thermally-enhanced oil recovery technologies. Results are generally insensitive to reasonable ranges of assumptions explored in sensitivity analysis. Fields with very large associated gas production are sensitive to assumptions about surface fluids processing due to the shifts in energy consumed under different gas treatment configurations. This model does not currently include energy invested in building oilfield capital equipment (e.g., drilling rigs), nor does it include other indirect energy uses such as labor or services. PMID:26695068

  1. Energy Return on Investment (EROI for Forty Global Oilfields Using a Detailed Engineering-Based Model of Oil Production.

    Directory of Open Access Journals (Sweden)

    Adam R Brandt

    Full Text Available Studies of the energy return on investment (EROI for oil production generally rely on aggregated statistics for large regions or countries. In order to better understand the drivers of the energy productivity of oil production, we use a novel approach that applies a detailed field-level engineering model of oil and gas production to estimate energy requirements of drilling, producing, processing, and transporting crude oil. We examine 40 global oilfields, utilizing detailed data for each field from hundreds of technical and scientific data sources. Resulting net energy return (NER ratios for studied oil fields range from ≈2 to ≈100 MJ crude oil produced per MJ of total fuels consumed. External energy return (EER ratios, which compare energy produced to energy consumed from external sources, exceed 1000:1 for fields that are largely self-sufficient. The lowest energy returns are found to come from thermally-enhanced oil recovery technologies. Results are generally insensitive to reasonable ranges of assumptions explored in sensitivity analysis. Fields with very large associated gas production are sensitive to assumptions about surface fluids processing due to the shifts in energy consumed under different gas treatment configurations. This model does not currently include energy invested in building oilfield capital equipment (e.g., drilling rigs, nor does it include other indirect energy uses such as labor or services.

  2. Ground-truth aerosol lidar observations: can the Klett solutions obtained from ground and space be equal for the same aerosol case?

    International Nuclear Information System (INIS)

    Ansmann, Albert

    2006-01-01

    Upcoming multiyear satellite lidar aerosol observations need strong support by a worldwide ground-truth lidar network. In this context the question arises as to whether the ground stations can deliver the same results as obtained from space when the Klett formalism is applied to elastic backscatter lidar data for the same aerosol case. This question is investigated based on simulations of observed cases of simple and complex aerosol layering. The results show that the differences between spaceborne and ground-based observations can be as large as20% for the backscatter and extinction coefficients and the optimum estimates of the column lidar ratios. In cases with complex aerosol layering, the application of the two-layer approach can lead to similar results (space, ground) and accurate products provided that horizontally homogeneous aerosol conditions are given

  3. QR-GARCH-M Model for Risk-Return Tradeoff in U.S. Stock Returns and Business Cycles

    OpenAIRE

    Nyberg, Henri

    2010-01-01

    In the empirical finance literature findings on the risk return tradeoff in excess stock market returns are ambiguous. In this study, we develop a new QR-GARCH-M model combining a probit model for a binary business cycle indicator and a regime switching GARCH-in-mean model for excess stock market return with the business cycle indicator defining the regime. Estimation results show that there is statistically significant variation in the U.S. excess stock returns over the business cycle. Howev...

  4. Return Migration as Failure or Success?: The Determinants of Return Migration Intentions Among Moroccan Migrants in Europe.

    Science.gov (United States)

    de Haas, Hein; Fokkema, Tineke; Fihri, Mohamed Fassi

    Different migration theories generate competing hypotheses with regard to determinants of return migration. While neoclassical migration theory associates migration to the failure to integrate at the destination, the new economics of labour migration sees return migration as the logical stage after migrants have earned sufficient assets and knowledge and to invest in their origin countries. The projected return is then likely to be postponed for sustained or indefinite periods if integration is unsuccessful. So, from an indication or result of integration failure return is rather seen as a measure of success. Drawing on recent survey data ( N  = 2,832), this article tests these hypotheses by examining the main determinants of return intention among Moroccan migrants across Europe. The results indicate that structural integration through labour market participation, education and the maintenance of economic and social ties with receiving countries do not significantly affect return intentions. At the same time, investments and social ties to Morocco are positively related, and socio-cultural integration in receiving countries is negatively related to return migration intentions. The mixed results corroborate the idea that there is no uniform process of (return) migration and that competing theories might therefore be partly complementary.

  5. Return to work for severely injured survivors of the Christchurch earthquake: influences in the first 2 years.

    Science.gov (United States)

    Nunnerley, Joanne; Dunn, Jennifer; McPherson, Kathryn; Hooper, Gary; Woodfield, Tim

    2016-01-01

    This study looked at the influences on the return to work (RTW) in the first 2 years for people severely injured in the 22 February 2011 Christchurch earthquake. We used a constructivist grounded theory approach using semi-structured interviews to collect data from 14 people injured in the earthquake. Analysis elicited three themes that appeared to influence the process of RTW following the Christchurch earthquake. Living the earthquake experience, the individual's experiences of the earthquake and how their injury framed their expectations; rebuilding normality, the desire of the participants to return to life as it was; while dealing with the secondary effects of the earthquake includes the earthquake specific effects which were both barriers and facilitators to returning to work. The consequences of the earthquake impacted on experience, process and outcome of RTW for those injured in the Christchurch Earthquake. Work and RTW appeared key tools to enhance recovery after serious injury following the earthquake. The altered physical, social and economic environment must be considered when working on the return to work (RTW) of individuals with earthquake injuries. Providing tangible emotional and social support so injured earthquake survivors feel safe in their workplace may facilitate RTW. Engaging early with employers may assist the RTW of injured earthquake survivors.

  6. Planetary Protection for LIFE-Sample Return from Enceladus

    Science.gov (United States)

    Tsou, Peter; Yano, Hajime; Takano, Yoshinori; McKay, David; Takai, Ken; Anbar, Ariel; Baross, J.

    ]. Current Plan: At the 1st flyby of Enceladus at high plume altitude (~150 km), we would survey the status of the plume and jets by making in situ measurements of the gas and dust densities, compositions, and velocities. We would also collect solid ice/volatile samples based upon prior ground planning. The 2nd and final flyby (determined via optimal trajectory from the 1st flyby) will be conducted at low altitude (~20 km), and would perform in situ measurements and collect solid ice and volatile samples. During the 5 year return cruise, we would maintain the samples in their captured state (frozen) under desiccating conditions of low temperature and pressure. After a direct Earth reentry, we would transport the frozen samples from the sample return capsule into a sealed sample transport container, which would then be transported to a higher Biosafety Level (BSL) facility from JAMSTEC (Japan Agency for Marine-Earth Science and Technology) for sample return capsule de-integration and sample distribution. Planetary Protection: Several options for sample return have been conceived and some even demonstrated on previous flight missions (STARDUST, Genesis and Hayabusa). To date, a flight qualified sample containment system does not exist in the US, and it would be cost prohibitive to flight-qualify such a system for use by LIFE under a Discovery Program. Harsh sterilization of the samples would destroy valuable molecular information, defeating the very purpose of returning samples to assess the habitability of Enceladus. The LIFE team has found a viable approach by teaming with JAXA/ISAS. Their Hayabusa II sample containment is a third generation device that can be further improved to meet these NASA and COSPAR planetary protection requirements in an Integrated Sample Subsystem for LIFE. Another aspect of LIFE is the initial de-integration and certification of the returned samples in a higher BSL facility. JAMSTEC is the world’s leading oceanography organization. They are

  7. Interferometric evidence for the observation of ground backscatter originating behind the CUTLASS coherent HF radars

    Science.gov (United States)

    Milan, S. E.; Jones, T. B.; Robinson, T. R.; Thomas, E. C.; Yeoman, T. K.

    1997-01-01

    Interferometric techniques allow the SuperDARN coherent HF radars to determine the elevation angles of returned backscatter, giving information on the altitude of the scatter volume, in the case of ionospheric backscatter, or the reflection altitude, in the case of ground backscatter. Assumptions have to be made in the determination of elevation angles, including the direction of arrival, or azimuth, of the returned signals, usually taken to be the forward look-direction (north) of the radars, specified by the phasing of the antenna arrays. It is shown that this assumption is not always valid in the case of ground backscatter, and that significant returns can be detected from the backward look-direction of the radars. The response of the interferometer to backscatter from behind the radar is modelled and compared with observations. It is found that ground backscatter from a field-of-view that is the mirror image of the forward-looking field-of-view is a common feature of the observations, and this interpretation successfully explains several anomalies in the received backscatter. Acknowledgements. The authors are grateful to Prof. D. J. Southwood (Imperial College, London), J. C. Samson (University of Alberta, Edmonton), L. J. Lanzerotti (AT&T Bell Laboratories), A. Wolfe (New York City Technical College) and to Dr. M. Vellante (University of LÁquila) for helpful discussions. They also thank Dr. A. Meloni (Istituto Nazionale di Geofisica, Roma) who made available geomagnetic field observations from LÁquila Geomagnetic Observatory. This research activity at LÁquila is supported by MURST (40% and 60% contracts) and by GIFCO/CNR. Topical Editor K.-H. Glaßmeier thanks C. Waters and S. Fujita for their help in evaluating this paper.-> Correspondence to :P. Francia->

  8. Modeling the distribution of extreme share return in Malaysia using Generalized Extreme Value (GEV) distribution

    Science.gov (United States)

    Hasan, Husna; Radi, Noor Fadhilah Ahmad; Kassim, Suraiya

    2012-05-01

    Extreme share return in Malaysia is studied. The monthly, quarterly, half yearly and yearly maximum returns are fitted to the Generalized Extreme Value (GEV) distribution. The Augmented Dickey Fuller (ADF) and Phillips Perron (PP) tests are performed to test for stationarity, while Mann-Kendall (MK) test is for the presence of monotonic trend. Maximum Likelihood Estimation (MLE) is used to estimate the parameter while L-moments estimate (LMOM) is used to initialize the MLE optimization routine for the stationary model. Likelihood ratio test is performed to determine the best model. Sherman's goodness of fit test is used to assess the quality of convergence of the GEV distribution by these monthly, quarterly, half yearly and yearly maximum. Returns levels are then estimated for prediction and planning purposes. The results show all maximum returns for all selection periods are stationary. The Mann-Kendall test indicates the existence of trend. Thus, we ought to model for non-stationary model too. Model 2, where the location parameter is increasing with time is the best for all selection intervals. Sherman's goodness of fit test shows that monthly, quarterly, half yearly and yearly maximum converge to the GEV distribution. From the results, it seems reasonable to conclude that yearly maximum is better for the convergence to the GEV distribution especially if longer records are available. Return level estimates, which is the return level (in this study return amount) that is expected to be exceeded, an average, once every t time periods starts to appear in the confidence interval of T = 50 for quarterly, half yearly and yearly maximum.

  9. A study on the characteristics of strong ground motions in southern Korea

    International Nuclear Information System (INIS)

    Bang, Chang Eob; Lee, Kie Hwa; Kang, Tae Seob

    2001-12-01

    Ground motion characteristics in southern Korea are analyzed such as the variations of ground motion durations depending on the hypocentral distance, the earthquake magnitude and the frequency contents of the motion, and the predominant frequency of the maximum ground motion, the ratio of the horizontal to the vertical component amplitudes, the frequency dependence of the Coda Q values, the local distribution of Lg Q values using recorded data sets

  10. A study on the characteristics of strong ground motions in southern Korea

    Energy Technology Data Exchange (ETDEWEB)

    Bang, Chang Eob; Lee, Kie Hwa; Kang, Tae Seob [Seoul National Univ., Seoul (Korea, Republic of)

    2001-12-15

    Ground motion characteristics in southern Korea are analyzed such as the variations of ground motion durations depending on the hypocentral distance, the earthquake magnitude and the frequency contents of the motion, and the predominant frequency of the maximum ground motion, the ratio of the horizontal to the vertical component amplitudes, the frequency dependence of the Coda Q values, the local distribution of Lg Q values using recorded data sets.

  11. 75 FR 76940 - Specified Tax Return Preparers Required To File Individual Income Tax Returns Using Magnetic...

    Science.gov (United States)

    2010-12-10

    ... DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 301 [REG-100194-10] RIN 1545-BJ52 Specified Tax Return Preparers Required To File Individual Income Tax Returns Using Magnetic... for ``specified tax return prepares,''. FOR FURTHER INFORMATION CONTACT: Keith L. Brau at (202) 622...

  12. A Perishable Inventory Model with Return

    Science.gov (United States)

    Setiawan, S. W.; Lesmono, D.; Limansyah, T.

    2018-04-01

    In this paper, we develop a mathematical model for a perishable inventory with return by assuming deterministic demand and inventory dependent demand. By inventory dependent demand, it means that demand at certain time depends on the available inventory at that time with certain rate. In dealing with perishable items, we should consider deteriorating rate factor that corresponds to the decreasing quality of goods. There are also costs involved in this model such as purchasing, ordering, holding, shortage (backordering) and returning costs. These costs compose the total costs in the model that we want to minimize. In the model we seek for the optimal return time and order quantity. We assume that after some period of time, called return time, perishable items can be returned to the supplier at some returning costs. The supplier will then replace them in the next delivery. Some numerical experiments are given to illustrate our model and sensitivity analysis is performed as well. We found that as the deteriorating rate increases, returning time becomes shorter, the optimal order quantity and total cost increases. When considering the inventory-dependent demand factor, we found that as this factor increases, assuming a certain deteriorating rate, returning time becomes shorter, optimal order quantity becomes larger and the total cost increases.

  13. CO2 Reduction Assembly Prototype Using Microlith-Based Sabatier Reactor for Ground Demonstration

    Science.gov (United States)

    Junaedi, Christian; Hawley, Kyle; Walsh, Dennis; Roychoudhury, Subir; Abney, Morgan B.; Perry, Jay L.

    2014-01-01

    The utilization of CO2 to produce life support consumables, such as O2 and H2O, via the Sabatier reaction is an important aspect of NASA's cabin Atmosphere Revitalization System (ARS) and In-Situ Resource Utilization (ISRU) architectures for both low-earth orbit and long-term manned space missions. Carbon dioxide can be reacted with H2, obtained from the electrolysis of water, via Sabatier reaction to produce methane and H2O. Methane can be stored and utilized as propellant while H2O can be either stored or electrolyzed to produce oxygen and regain the hydrogen atoms. Depending on the application, O2 can be used to replenish the atmosphere in human-crewed missions or as an oxidant for robotic and return missions. Precision Combustion, Inc. (PCI), with support from NASA, has previously developed an efficient and compact Sabatier reactor based on its Microlith® catalytic technology and demonstrated the capability to achieve high CO2 conversion and CH4 selectivity (i.e., =90% of the thermodynamic equilibrium values) at high space velocities and low operating temperatures. This was made possible through the use of high-heat-transfer and high-surface-area Microlith catalytic substrates. Using this Sabatier reactor, PCI designed, developed, and demonstrated a stand-alone CO2 Reduction Assembly (CRA) test system for ground demonstration and performance validation. The Sabatier reactor was integrated with the necessary balance-of-plant components and controls system, allowing an automated, single "push-button" start-up and shutdown. Additionally, the versatility of the test system prototype was demonstrated by operating it under H2-rich (H2/CO2 of >4), stoichiometric (ratio of 4), and CO2-rich conditions (ratio of <4) without affecting its performance and meeting the equilibrium-predicted water recovery rates. In this paper, the development of the CRA test system for ground demonstration will be discussed. Additionally, the performance results from testing the system at

  14. The Benefits of Financial Ratios' as the Indocators of Future Bankruptcy on the Economic Crisis

    Directory of Open Access Journals (Sweden)

    Setia Mulyawan

    2015-08-01

    Full Text Available It is proved that financial ratios can predict future bankruptcy even on high uncertainty conditions such as an economic crisis. The research indicates that the accuracy of prediction is more increasing in line with a coming bankruptcy.The result of the research shows that four years before a corporate becomes bankrupt there have been significant differences of financial ratios between bankrupt company and sustained one. The ratios of liquidity, profitability, activity, and return on investment of sustained company are higher; while the leverage ratio is lower.The dominant influencing financial ratios toward a bankruptcy are liquidity and leverage ratios. The research finds that from ten tested ratios, Current Asset to current liabilities and total liabilities to total asset are the dominant financial ratios

  15. Estimation of High-Frequency Earth-Space Radio Wave Signals via Ground-Based Polarimetric Radar Observations

    Science.gov (United States)

    Bolen, Steve; Chandrasekar, V.

    2002-01-01

    Expanding human presence in space, and enabling the commercialization of this frontier, is part of the strategic goals for NASA's Human Exploration and Development of Space (HEDS) enterprise. Future near-Earth and planetary missions will support the use of high-frequency Earth-space communication systems. Additionally, increased commercial demand on low-frequency Earth-space links in the S- and C-band spectra have led to increased interest in the use of higher frequencies in regions like Ku and Ka-band. Attenuation of high-frequency signals, due to a precipitating medium, can be quite severe and can cause considerable disruptions in a communications link that traverses such a medium. Previously, ground radar measurements were made along the Earth-space path and compared to satellite beacon data that was transmitted to a ground station. In this paper, quantitative estimation of the attenuation along the propagation path is made via inter-comparisons of radar data taken from the Tropical Rainfall Measuring Mission (TRMM) Precipitation Radar (PR) and ground-based polarimetric radar observations. Theoretical relationships between the expected specific attenuation (k) of spaceborne measurements with ground-based measurements of reflectivity (Zh) and differential propagation phase shift (Kdp) are developed for various hydrometeors that could be present along the propagation path, which are used to estimate the two-way path-integrated attenuation (PIA) on the PR return echo. Resolution volume matching and alignment of the radar systems is performed, and a direct comparison of PR return echo with ground radar attenuation estimates is made directly on a beam-by-beam basis. The technique is validated using data collected from the TExas and Florida UNderflights (TEFLUN-B) experiment and the TRMM large Biosphere-Atmosphere experiment in Amazonia (LBA) campaign. Attenuation estimation derived from this method can be used for strategiC planning of communication systems for

  16. Rates of Return on Shares of Real Estate Development Companies in Poland in the Years 2001-2015. A Comparative Analysis

    Directory of Open Access Journals (Sweden)

    Dittmann Iwona

    2016-12-01

    Full Text Available The paper presents an analysis of the diversity of real estate development companies listed on the Warsaw Stock Exchange based on the rates of return on their shares which were attained in 2001-2015. The study included 10 real estate development companies. The analysis was conducted for different investment horizons (from 1 year to 10 years, and based on the quartiles of the empirical distributions of the rates of return on the shares of individual companies. The empirical distributions were obtained using a rolling window of observation based on daily share quotation. The diversity of the funds was examined by formulating six hypotheses concerning: the diversity of the quartiles of the distributions of returns on individual funds, the differences between the values of the quartiles of returns for the best and worst companies during each investment horizon, changes in the value of individual quartiles of returns for individual companies along with a lengthening of the investment horizon, differences in the positions of the companies in the rankings of companies based on different investment horizons and having different quartiles being accepted as the criterion for the rankings. The results obtained did not indicate grounds for the rejection of the formulated hypotheses.

  17. Foreign currency returns and systematic risks

    NARCIS (Netherlands)

    Galsband, V.; Nitschka, T.

    2015-01-01

    We apply an empirical approximation of the intertemporal capital asset pricing model (ICAPM) to show that cross-sectional dispersion in currency returns can be rationalized by differences in currency excess returns' sensitivities to the market return's cash-flow news component. This finding echoes

  18. Integrated Human-in-the-Loop Ground Testing - Value, History, and the Future

    Science.gov (United States)

    Henninger, Donald L.

    2016-01-01

    Systems for very long-duration human missions to Mars will be designed to operate reliably for many years and many of these systems will never be returned to Earth. The need for high reliability is driven by the requirement for safe functioning of remote, long-duration crewed systems and also by unsympathetic abort scenarios. Abort from a Mars mission could be as long as 450 days to return to Earth. The key to developing a human-in-the-loop architecture is a development process that allows for a logical sequence of validating successful development in a stepwise manner, with assessment of key performance parameters (KPPs) at each step; especially important are KPPs for technologies evaluated in a full systems context with human crews on Earth and on space platforms such as the ISS. This presentation will explore the implications of such an approach to technology development and validation including the roles of ground and space-based testing necessary to develop a highly reliable system for long duration human exploration missions. Historical development and systems testing from Mercury to the International Space Station (ISS) to ground testing will be reviewed. Current work as well as recommendations for future work will be described.

  19. Effect of Earth Ground and Environment on Body-Centric Communications in the MHz Band

    Directory of Open Access Journals (Sweden)

    Katsuyuki Fujii

    2012-01-01

    Full Text Available Body area network (BAN research, which uses the human body as a transmission channel, has recently attracted considerable attention globally. Zimmerman first advocated the idea in 1995. Illustrations of the electric field streamlines around the human body and wearable devices with electrodes were drawn. In the pictures, the electrodes of the wearable devices constitute a closed circuit with the human body and the earth ground. However, analysis of the circuit has not been conducted. In this study, we model the human body shunted to earth ground in a radio anechoic chamber to analyze the electric field strength around it and clarify the effect of earth ground during BAN run time. The results suggest that earth ground has little influence on the human body and wearable devices. Only when the human body is directly grounded, the electric field near the feet area will decrease. The input impedance of the transmitter is approximately the same, and the received open-circuit voltage and current of the receiver are also the same. In addition, we elucidate that stable communications can be established by developing a closed circuit using earth ground as return path. When the external electronic devices and human body are shunted to earth ground, the received open-circuit voltage and current increase.

  20. Effect of frequency and flexibility ratio on the seismic response of deep tunnels

    Directory of Open Access Journals (Sweden)

    Eimar Sandoval

    2017-06-01

    Full Text Available Two-dimensional dynamic numerical analyses have been conducted, using FLAC 7.0, to evaluate the seismic response of underground structures located far from the seismic source, placed in either linear-elastic or nonlinear elastoplastic ground. The interaction between the ground and deep circular tunnels with a tied interface is considered. For the simulations, it is assumed that the liner remains in its elastic regime, and plane strain conditions apply to any cross section perpendicular to the tunnel axis. An elastoplastic constitutive model is implemented in FLAC to simulate the nonlinear ground. The effect of input frequency and relative stiffness between the liner and the ground, on the seismic response of tunnels, is evaluated. The response is studied in terms of distortions normalized with respect to those of the free field, and load demand (axial forces and bending moments in the liner. In all cases, i.e. for linear-elastic and nonlinear ground models, the results show negligible effect of the input frequency on the distortions of the cross section, for input frequencies smaller than 5 Hz; that is for ratios between the wave length and the tunnel opening (λ/D larger than ten for linear-elastic and nine for nonlinear ground. Larger normalized distortions are obtained for the nonlinear than for the linear-elastic ground, for the same relative stiffness, with differences increasing as the tunnel becomes more flexible, or when the amplitude of the dynamic input shear stress increases. It has been found that normalized distortions for the nonlinear ground do not follow a unique relationship, as it happens for the linear-elastic ground, but increase as the amplitude of the dynamic input increases. The loading in the liner decreases as the structure becomes more flexible with respect to the ground, and is smaller for a tunnel placed in a stiffer nonlinear ground than in a softer nonlinear ground, for the same flexibility ratio.

  1. Stock return distribution in the BRICS

    Directory of Open Access Journals (Sweden)

    George Adu

    2015-12-01

    Full Text Available Stock returns in emerging market economies exhibit patterns that are distinctively different from developed countries: returns are noted to be highly volatile and autocorrelated, and long horizon returns are predictable. While these stylized facts are well established, the assumption underlying the distribution of returns is less understood. In particular, the empirical literature continues to rely on the normality assumption as a starting point, and most asset pricing models tend to overstretch this point. This paper questions the rationale behind this supposition and proceeds to test more formally for normality using multivariate joint test for skewness and kurtosis. Additionally, the paper extends the literature by examining a number of empirical regularities for Brazil, Russia, India, China and South Africa (the BRICS for short. Our main findings are that the distribution of stock returns for the BRICS exhibits peakedness with fatter and longer tails, and this is invariant to both the unit of measurement and the time horizon of returns. Volatility clustering is prevalent in all markets, and this decays exponentially for all but Brazil. The relationship between risk and return is found to be significant and risk premiums are prevalent in our sample.

  2. Risk-return of Belgian SRI funds

    OpenAIRE

    Van Liedekerke, Luc; De Moor, Lieven; Vanwalleghem, Dieter

    2007-01-01

    We analyse the risk-return profile of Belgian SRI funds versus conventional investment funds. We apply a four-factor conditional Carhart model to establish whether there are significant differences in risk-return profile between an SRI portfolio and a conventional portfolio and test for learning effects in SRI funds. We show that there is no difference in risk-return profile between SRI and conventional funds. If return is not the problem, then what is it that limits the development of an SRI...

  3. 7 CFR 3560.305 - Return on investment.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Return on investment. 3560.305 Section 3560.305... AGRICULTURE DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS Financial Management § 3560.305 Return on investment. (a) Borrower's return on investment. Borrowers may receive a return on their investment (ROI) in...

  4. Characteristics of donors who do or do not return to give blood and barriers to their return

    Science.gov (United States)

    Wevers, Anne; Wigboldus, Daniël H.J.; de Kort, Wim L.A.M.; van Baaren, Rick; Veldhuizen, Ingrid J.T.

    2014-01-01

    Background In the Netherlands about 50% of whole blood donors return to give blood after an invitation to donate. This study aimed to investigate the characteristics of donor return behaviour and to gain insight into the barriers to blood donation reported by the donors themselves. Materials and methods A total of 4,901 whole blood donors were invited to donate in week 39 of 2009. Barriers mentioned by donors who informed the blood bank for not donating were registered for 1 month. Logistic regression analyses assessed relevant characteristics of return behaviour, such as age and blood type, in men and women separately. Results Of the invited donors, 55% returned to give a donation, whereas 45% did not return. Male donors were more likely to return when they were older, had a higher previous return rate and had no past deferrals. The same pattern was found among women, but was less strong. The main barriers were: time constraints (35%), preference to postpone donation due to general physical problems although being eligible to donate (29%), and being ineligible to donate due to medical deferral criteria (9%). Discussion Specific donor characteristics are associated with return behaviour. Not donating due to time constraints could mean that donors do not feel the urgency of donating blood. Interventions targeted to increase commitment among specific donor groups should be tested further. PMID:23522891

  5. Money growth and aggregate stock returns

    OpenAIRE

    Böing, Tobias; Stadtmann, Georg

    2016-01-01

    We empirically evaluate the predictive power of money growth measured by M2 for stock returns of the S&P 500 index. We use monthly US data and predict multiperiod returns over 1, 3, and 5 years with long-horizon regressions. In-sample regressions show that money growth is useful for predicting returns. Higher recent money growth has a significantly negative effect on subsequent returns of the S&P 500. An out-of-sample analysis shows that a simple model with money growth as a single predictor ...

  6. Poetic Return in Afghanistan Persian Poem

    Directory of Open Access Journals (Sweden)

    Esmaeil Shafagh

    2012-11-01

    Full Text Available Abstract Poetic return movement was started by a group of poets like Moshtagh and Shole Esfehani in the second half of 12 century. Their goal was restoring Persian poem and deliverance of Hindi style decline. Esfahan’s poets initiative was considered only in Iran but in other Persian language and literature areas like India, Afghanistan and Transoxiana it was ignored. After the failure of constitutional Movement in Afghanistan, motion similar poetic return was happened that caused poetic themes, which had gone towards modernism, return to Hindi style again.The present paper attempts to analyze the poetic atmosphere in Afghanistan synchronous the poetic return movement in Iran and investigate socio- political backgrounds of return to Hindi style in Afghanistan after constitution failure.

  7. Applicability of 87Sr/86Sr in examining return flow of irrigation water in highly agricultural watersheds in Japan

    Science.gov (United States)

    Yoshida, T.; Nakano, T.; Shin, K. C.; Tsuchihara, T.; Miyazu, S.; Kubota, T.

    2017-12-01

    Water flows in watersheds containing extensive areas of irrigated paddies are complex because of the substantial volumes involved and the repeated cycles of water diversion from, and return to, streams. For better management of low-flow conditions, numerous studies have attempted to quantify the return flow using the stable isotopes of water; however, the temporal variation in these isotopic compositions due to fractionation during evaporation from water surfaces hinders their application to watersheds with extensive irrigated paddies. In this study, we tested the applicability of the strontium isotopes (87Sr/86Sr, hereafter Sr ratio) for studying hydrological processes in a typical agricultural watershed located on the alluvial fan of the Kinu River, namely the Gogyo River, in central Japan. The Sr ratio of water changes only because of interactions with the porous media it flows through, or because of mixing with water that has different Sr ratios. We sampled water both at a single rice paddy, and on the watershed scale in the irrigated and non-irrigated periods. The soil water under the paddy decreased as sampling depth increased, and the soil water at a depth of 1.5 m showed a similar Sr ratio to the spring. The water sampled in the drainage channel with a concrete lined bottom showed a similar Sr ratio to the irrigation water, whereas that with a soil bottom was plotted between the plots of the irrigation water and shallow aquifer. These results suggest the Sr ratio decreases as it mixes with the soil water through percolation; whereas the Sr ratio will be less likely to change when water drains from paddies via surface pathways. The streamflow samples were plotted linearly on the Sr ratio and 1/Sr plot, indicating that the streamflow was composed of two end-members; the irrigation water and the shallow aquifer. The continuous decline in the Sr ratio along the stream suggests an exfiltration of water from the shallow aquifers. The stream water during the non

  8. Return to work in the context of everyday life 7-11 years after spinal cord injury - a follow-up study.

    Science.gov (United States)

    Holmlund, Lisa; Guidetti, Susanne; Eriksson, Gunilla; Asaba, Eric

    2017-08-09

    The aim of this follow-up study was to explore experiences of return to work in the context of everyday life among adults 7-11 years after spinal cord injury (SCI). This study used in-depth interviews and observations in a qualitative design with eight persons who had previously been interviewed in 2008. A narrative approach was used during data gathering and analysis. Return to work was experienced as something constantly needing to be negotiated in the context of everyday life. Several years after SCI expectations for work and perceptions of possibilities for meaningful work had changed. Five main themes were identified through the analysis, (1) negotiating the possibilities of working, (2) hope for future work tempered with concern, (3) education as a possible path to employment, (4) paths toward return to work in light of unmet support, and (5) unpaid occupations grounded in interest and competence. Persons who have no higher education or lack viable employment to return to after SCI seem to be vulnerable in return to work. Early and timely interventions tailored to the person's interests and competencies, in which the rehabilitation team has a distinct coordinating role, are thus critical in return to work. Implications for Rehabilitation Tensions between hope and expectations for work and unmet needs of support can lead to barriers in return to work, particularly for those who have no higher education or lack employment to return to after spinal cord injury. Rehabilitation after spinal cord injury can benefit from focus on how the balance of work fits into routines in the context of everyday life. Early and timely interventions integrating the person's interests and competencies in return to work after spinal cord injury in combination with having a health care provider who has a distinct coordinating role are critical.

  9. Estimating Exchange Rate Exposure over Various Return Horizons: Focusing on Major Countries in East Asia

    Directory of Open Access Journals (Sweden)

    Jeong Wook Lee

    2016-12-01

    Full Text Available In this paper, we estimate the exchange rate exposure, indicating the effect of exchange rate movements on firm values, for a sample of 1,400 firms in seven East Asian countries. The exposure estimates based on various exchange rate variables, return horizons and a control variable are compared. A key result from our analysis is that the long term effect of exchange rate movements on firm values is greater than the short term effect. And we find very similar results from using other exchange rate variables such as the U.S. dollar exchange rate, etc. Second, we add exchange rate volatility as a control variable and find that the extent of exposure is not much changed. Third, we examine the changes in exposure to exchange rate volatility with an increase in return horizon. Consequently the ratio of firms with significant exposures increases with the return horizons. Interestingly, the increase of exposure with the return horizons is faster for exposure to volatility than for exposure to exchange rate itself. Taken as a whole, our findings suggest that the so-called "exposure puzzle" may be a matter of the methodology used to measure exposure.

  10. Effect of the Danish return-to-work program on long-term sickness absence

    DEFF Research Database (Denmark)

    Poulsen, Otto M; Aust, Birgit; Bjørner, Jakob

    2014-01-01

    participant receiving ordinary sickness benefit management (OSM). Study participants were working-age adults receiving long-term (≥8 weeks or more) benefits, included regardless of reason for sickness absence or employment status. Each beneficiary was followed-up for a maximum period of 52 weeks. Cox......OBJECTIVES: The aim of this study was to evaluate the effect of the Danish return-to-work (RTW) program on long-term sickness absence in a randomized controlled trial in three municipalities. METHODS: The intervention group comprised 1948 participants while the control group comprised 1157...... proportional hazards model was used to estimate hazard ratios (HR) for return to work (RTW) with 95% confidence intervals (95% CI). RESULTS: The intervention effect differed significantly between the municipalities (P=0.00005). In one municipality (M2) the intervention resulted in a statistically significant...

  11. Common Factors in International Bond Returns

    NARCIS (Netherlands)

    Driessen, J.J.A.G.; Melenberg, B.; Nijman, T.E.

    2000-01-01

    In this paper we estimate and interpret the factors that jointly determine bond returns of different maturities in the US, Germany and Japan.We analyze both currency-hedged and unhedged bond returns.For currency-hedged bond returns, we find that five factors explain 96.5% of the variation of bond

  12. Radiological and chemical studies of the ground water at Enewetak Atoll. 1. Sampling, field measurements, and analytical methods

    International Nuclear Information System (INIS)

    Marsh, K.V.; Wong, K.M.; Holladay, G.; Noshkin, V.E.; Buddemeier, R.

    1975-01-01

    A research program to study the ground water on several of the islets in the Enewetak Atoll is being conducted jointly by Lawrence Livermore Laboratory and the University of Hawaii under the sponsorship of ERDA Division of Biology and Environmental Research. The purpose is to provide data characterizing the ground water for possible use by returning Marshallese and to investigate the hydrology and recycling of radionuclides in an atoll environment. This first of a series of reports describes the sampling locations, field operations, and methods of analysis

  13. Measurements of volatile organic compounds at a suburban ground site (T1 in Mexico City during the MILAGRO 2006 campaign: measurement comparison, emission ratios, and source attribution

    Directory of Open Access Journals (Sweden)

    D. M. Bon

    2011-03-01

    Full Text Available Volatile organic compound (VOC mixing ratios were measured with two different instruments at the T1 ground site in Mexico City during the Megacity Initiative: Local and Global Research Observations (MILAGRO campaign in March of 2006. A gas chromatograph with flame ionization detector (GC-FID quantified 18 light alkanes, alkenes and acetylene while a proton-transfer-reaction ion-trap mass spectrometer (PIT-MS quantified 12 VOC species including oxygenated VOCs (OVOCs and aromatics. A GC separation system was used in conjunction with the PIT-MS (GC-PIT-MS to evaluate PIT-MS measurements and to aid in the identification of unknown VOCs. The VOC measurements are also compared to simultaneous canister samples and to two independent proton-transfer-reaction mass spectrometers (PTR-MS deployed on a mobile and an airborne platform during MILAGRO. VOC diurnal cycles demonstrate the large influence of vehicle traffic and liquid propane gas (LPG emissions during the night and photochemical processing during the afternoon. Emission ratios for VOCs and OVOCs relative to CO are derived from early-morning measurements. Average emission ratios for non-oxygenated species relative to CO are on average a factor of ~2 higher than measured for US cities. Emission ratios for OVOCs are estimated and compared to literature values the northeastern US and to tunnel studies in California. Positive matrix factorization analysis (PMF is used to provide insight into VOC sources and processing. Three PMF factors were distinguished by the analysis including the emissions from vehicles, the use of liquid propane gas and the production of secondary VOCs + long-lived species. Emission ratios to CO calculated from the results of PMF analysis are compared to emission ratios calculated directly from measurements. The total PIT-MS signal is summed to estimate the fraction of identified versus unidentified VOC species.

  14. Measurements of volatile organic compounds at a suburban ground site (T1) in Mexico City during the MILAGRO 2006 campaign: Measurement comparison, emission ratios, and source attribution

    Energy Technology Data Exchange (ETDEWEB)

    Bon, D.M.; Springston, S.; M.Ulbrich, I.; de Gouw, J. A.; Warneke, C.; Kuster, W. C.; Alexander, M. L.; Baker, A.; Beyersdorf, A. J.; Blake, D.; Fall, R.; Jimenez, J. L., Herndon, S. C.; Huey, L. G.; Knighton, W. B.; Ortega, J.; Vargas, O.

    2011-03-16

    Volatile organic compound (VOC) mixing ratios were measured with two different instruments at the T1 ground site in Mexico City during the Megacity Initiative: Local and Global Research Observations (MILAGRO) campaign in March of 2006. A gas chromatograph with flame ionization detector (GC-FID) quantified 18 light alkanes, alkenes and acetylene while a proton-transfer-reaction ion-trap mass spectrometer (PIT-MS) quantified 12 VOC species including oxygenated VOCs (OVOCs) and aromatics. A GC separation system was used in conjunction with the PIT-MS (GC-PIT-MS) to evaluate PIT-MS measurements and to aid in the identification of unknown VOCs. The VOC measurements are also compared to simultaneous canister samples and to two independent proton-transfer-reaction mass spectrometers (PTR-MS) deployed on a mobile and an airborne platform during MILAGRO. VOC diurnal cycles demonstrate the large influence of vehicle traffic and liquid propane gas (LPG) emissions during the night and photochemical processing during the afternoon. Emission ratios for VOCs and OVOCs relative to CO are derived from early-morning measurements. Average emission ratios for non-oxygenated species relative to CO are on average a factor of {approx}2 higher than measured for US cities. Emission ratios for OVOCs are estimated and compared to literature values the northeastern US and to tunnel studies in California. Positive matrix factorization analysis (PMF) is used to provide insight into VOC sources and processing. Three PMF factors were distinguished by the analysis including the emissions from vehicles, the use of liquid propane gas and the production of secondary VOCs + long-lived species. Emission ratios to CO calculated from the results of PMF analysis are compared to emission ratios calculated directly from measurements. The total PIT-MS signal is summed to estimate the fraction of identified versus unidentified VOC species.

  15. The cost-effectiveness of semi-rigid ankle brace to facilitate return to work following first-time acute ankle sprains.

    Science.gov (United States)

    Fatoye, Francis; Haigh, Carol

    2016-05-01

    To examine the cost-effectiveness of semi-rigid ankle brace to facilitate return to work following first-time acute ankle sprains. Economic evaluation based on cost-utility analysis. Ankle sprains are a source of morbidity and absenteeism from work, accounting for 15-20% of all sports injuries. Semi-rigid ankle brace and taping are functional treatment interventions used by Musculoskeletal Physiotherapists and Nurses to facilitate return to work following acute ankle sprains. A decision model analysis, based on cost-utility analysis from the perspective of National Health Service was used. The primary outcomes measure was incremental cost-effectiveness ratio, based on quality-adjusted life years. Costs and quality of life data were derived from published literature, while model clinical probabilities were sourced from Musculoskeletal Physiotherapists. The cost and quality adjusted life years gained using semi-rigid ankle brace was £184 and 0.72 respectively. However, the cost and quality adjusted life years gained following taping was £155 and 0.61 respectively. The incremental cost-effectiveness ratio for the semi-rigid brace was £263 per quality adjusted life year. Probabilistic sensitivity analysis showed that ankle brace provided the highest net-benefit, hence the preferred option. Taping is a cheaper intervention compared with ankle brace to facilitate return to work following first-time ankle sprains. However, the incremental cost-effectiveness ratio observed for ankle brace was less than the National Institute for Health and Care Excellence threshold and the intervention had a higher net-benefit, suggesting that it is a cost-effective intervention. Decision-makers may be willing to pay £263 for an additional gain in quality adjusted life year. The findings of this economic evaluation provide justification for the use of semi-rigid ankle brace by Musculoskeletal Physiotherapists and Nurses to facilitate return to work in individuals with first-time ankle

  16. 26 CFR 301.6103(n)-1 - Disclosure of returns and return information in connection with written contracts or agreements...

    Science.gov (United States)

    2010-04-01

    ... administration purposes. 301.6103(n)-1 Section 301.6103(n)-1 Internal Revenue INTERNAL REVENUE SERVICE... and Returns Returns and Records § 301.6103(n)-1 Disclosure of returns and return information in... administration purposes. (a) General rule. (1) Pursuant to the provisions of section 6103(n) of the Internal...

  17. Wideband Cavity Backed Spiral Antenna for Stepped Frequency Ground Penetrating Radar

    DEFF Research Database (Denmark)

    Thaysen, Jesper; Jakobsen, Kaj Bjarne; Lenler-Eriksen, Hans-Rudolph

    2005-01-01

    A 1.7 turn cavity backed coplanar waveguide to coplanar strip-fed logarithmic uniplanar spiral antenna is presented and compared to a 1.5 turn spiral antenna. The 1.7 turn spiral antenna has a wide beamwidth, are circular polarised and has a bandwidth with a return loss better than 6 dB in the fr......B in the frequency band from 0.25 GHz to 4.5 GHz (18:1). The antenna is useful for Ground Penetrating Radar (GPR)....

  18. Effects of Free Float Ratios on Stock Prices: An Application on ISE = Fiili Dolaşım Paylarının Hisse Senedi Fiyatları Üzerine Etkileri: IMKB’de Bir Uygulama

    Directory of Open Access Journals (Sweden)

    M.M. Tuncer ÇALIŞKAN

    2013-07-01

    Full Text Available This study investigates the effect of the free float ratio (FFR on stock return, risk, and trading activity in the Turkish capital market. Daily free float ratios are calculated 194 firms trading on Istanbul Stock Exchange for the period between 25.02.2011 and 09.03.2012. Results show no relationship between free float ratio and price return. On the other hand, trade activity and price volatility are significantly positively correlation with free float ratio.

  19. A Comparative Study on the Positive Lightning Return Stroke Electric Fields in Different Meteorological Conditions

    Directory of Open Access Journals (Sweden)

    Chin-Leong Wooi

    2015-01-01

    Full Text Available Positive cloud-ground lightning is considerably more complex and less studied compared to the negative lightning. This paper aims to measure and characterize the significant parameters of positive return strokes electric field, namely, the zero-to-peak rise time, 10–90% rise time, slow front duration, fast transition rise time (10–90%, zero-crossing time, and opposite polarity overshoot relative to peak. To the best of the authors’ knowledge, this is the first time such detailed characteristics of positive lightning in Malaysia are thoroughly analyzed. A total of 41 positive lightning flashes containing 48 return strokes were analyzed. The average multiplicity is 1.2 strokes per flash. The majority of positive lightning was initiated from the primary positive charge rather than as a byproduct of in-cloud discharges. The cumulative probability distribution of rise time parameters, opposite polarity overshoot relative to peak, and slow front amplitude relative to peak are presented. A comparison between studies in four countries representing tropic, subtropic, and temperate regions was also carried out. Measured parameters in Florida, Sweden, and Japan are generally lower than those in Malaysia. Positive lightning occurrences in tropical regions should be further studied and analyzed to improve our current understanding on positive return strokes.

  20. Sustainable Mars Sample Return

    Science.gov (United States)

    Alston, Christie; Hancock, Sean; Laub, Joshua; Perry, Christopher; Ash, Robert

    2011-01-01

    The proposed Mars sample return mission will be completed using natural Martian resources for the majority of its operations. The system uses the following technologies: In-Situ Propellant Production (ISPP), a methane-oxygen propelled Mars Ascent Vehicle (MAV), a carbon dioxide powered hopper, and a hydrogen fueled balloon system (large balloons and small weather balloons). The ISPP system will produce the hydrogen, methane, and oxygen using a Sabatier reactor. a water electrolysis cell, water extracted from the Martian surface, and carbon dioxide extracted from the Martian atmosphere. Indigenous hydrogen will fuel the balloon systems and locally-derived methane and oxygen will fuel the MAV for the return of a 50 kg sample to Earth. The ISPP system will have a production cycle of 800 days and the estimated overall mission length is 1355 days from Earth departure to return to low Earth orbit. Combining these advanced technologies will enable the proposed sample return mission to be executed with reduced initial launch mass and thus be more cost efficient. The successful completion of this mission will serve as the next step in the advancement of Mars exploration technology.

  1. System for detecting and limiting electrical ground faults within electrical devices

    International Nuclear Information System (INIS)

    Gaubatz, D.C.

    1990-01-01

    This paper discusses, in a nuclear power plant of a variety wherein a reactor is provided including a reactor vessel retaining a liquid metal coolant, a reactor core and an electromagnetic pump having inductive windings insulatively retained within the electrically conductive wall of an enclosure, the method for controlling electrical ground fault current between a the inductive winding and the walls. It comprises providing an electrically isolated power source by inductive coupling with the plant power supply; rectifying the power source to provide an isolated d.c. power source; providing an inverter powered from the isolated d.c. power source under the control of the plant control system for selectively energizing the inductive windings; providing a fault control conductor electrically connected with the pump enclosure wall and extending as an electrical return for ground fault current to the inverter; and providing an electrical resistance between the conductor and the isolated inverter having an impedance selected to limit the fault current below a predetermined value limiting arc damage at any the electrical ground fault location

  2. The effect of financial ratios on systematic risk index

    Directory of Open Access Journals (Sweden)

    Ali Faez

    2013-11-01

    Full Text Available This paper investigates the relationship between financial ratios and indicator of systemic risk in the Tehran Stock Exchange. The study selects 73 manufacturing companies of the Tehran Stock Exchange market over the period 2003-2010. The study first calculates the independent variables in the form of financial ratios and then the ratios affecting the systematic risk index are extracted using entropy method. The output of this stage is the introduction of five influential financial indicators as the independent variables of the study. Using t-test and Pearson correlation coefficient the rate of independent variables effect on the systematic risk index is evaluated and finally, using stepwise regression method, the effect of independent variables on the dependent variable is examined. According to results of our survey, the correlation coefficient of such indices as “the ratio of stock price to the profit of each share”, “Current ratio”, “each share profit ratio” and “the stockholders rights return ratio” have respectively the highest correlation with the systematic risk index.

  3. Predictors of return-to-work in patients with chronic musculoskeletal pain: A randomized clinical trial

    Directory of Open Access Journals (Sweden)

    Randi Brendbekken

    2017-11-01

    Full Text Available Objective: To assess the predictive effect of a multidisciplinary intervention programme, pain, work-related factors and health, including anxiety/depression and beliefs, on return-to-work for patients sick-listed due to musculoskeletal pain. Design: A randomized clinical study. Methods: A total of 284 patients were randomized to either a multidisciplinary intervention programme (n = 141 or to a less resource-demanding brief intervention (n = 143. Work participation was estimated monthly from register data for 12 months. Return-to-work was defined as increased work participation in 3 consecutive months. Results: In the adjusted model, return-to-work by 3 months was associated with a multidisciplinary intervention programme (odds ratio (OR = 2.7, 95% confidence interval (95% CI = 1.1–6.9, the factor “belief that work was cause of the pain” (OR = 2.2, 95% CI = 1.1–4.3, anxiety and depression (OR = 0.5, 95% CI = 0.2–0.98, and by an interaction between the multidisciplinary intervention and perceived support at work (OR = 0.3, 95% CI = 0.1–0.9. At 12 months, only duration of sick leave was associated with return-to-work (OR = 0.6, 95% CI = 0.5–0.8. Conclusion: Multidisciplinary intervention may hasten return-to-work and benefit those who perceive low support at work, but at 12 months only duration of sick leave at baseline was associated with return-to-work.

  4. Catching Stardust and Bringing it Home: The Astronomical Importance of Sample Return

    Science.gov (United States)

    Brownlee, D.

    2002-12-01

    The return of lunar samples by the Apollo program provided the first opportunity to perform detailed laboratory studies of ancient solid materials from a known astronomical body. The highly detailed study of the samples, using the best available laboratory instruments and techniques, revolutionized our understanding of the Moon and provided fundamental insight into the remarkable and violent processes that occur early in the history of moons and terrestrial planets. This type of astronomical paleontology is only possible with samples and yet the last US sample return was made by Apollo 17- over thirty years ago! The NASA Stardust mission, began a new era of sample missions with its 1999 launch to retrieve samples from the short period comet Wild 2. Genesis (a solar wind collector) was launched in 2001, the Japanese MUSES-C asteroid sample return mission will launch in 2003 and Mars sample return missions are under study. All of these missions will use sophisticated ground-based instrumentation to provide types of information that cannot be obtained by astronomical and spacecraft remote sensing methods. In the case of Stardust, the goal is to determine the fundamental nature of the initial solid building blocks of solar systems at atomic-scale spatial resolution. The samples returned by the mission will be samples from the Kuiper Belt region and they are probably composed of submicron silicate and organic materials of both presolar and nebular origin. Unlocking the detailed records contained in the elemental, chemical, isotopic and mineralogical composition of these tiny components can only be appropriately explored with full power, precision and flexibility of laboratory instrumentation. Laboratory instrumentation has the advantage that is state-of-the-art and is not limited by serious considerations of power, mass, cost or even reliability. The comparison of the comet sample, accumulated beyond Neptune, with asteroidal meteorites that accumulated just beyond the

  5. A father effect explains sex-ratio bias.

    Science.gov (United States)

    Malo, Aurelio F; Martinez-Pastor, Felipe; Garcia-Gonzalez, Francisco; Garde, Julián; Ballou, Jonathan D; Lacy, Robert C

    2017-08-30

    Sex ratio allocation has important fitness consequences, and theory predicts that parents should adjust offspring sex ratio in cases where the fitness returns of producing male and female offspring vary. The ability of fathers to bias offspring sex ratios has traditionally been dismissed given the expectation of an equal proportion of X- and Y-chromosome-bearing sperm (CBS) in ejaculates due to segregation of sex chromosomes at meiosis. This expectation has been recently refuted. Here we used Peromyscus leucopus to demonstrate that sex ratio is explained by an exclusive effect of the father, and suggest a likely mechanism by which male-driven sex-ratio bias is attained. We identified a male sperm morphological marker that is associated with the mechanism leading to sex ratio bias; differences among males in the sperm nucleus area (a proxy for the sex chromosome that the sperm contains) explain 22% variation in litter sex ratio. We further show the role played by the sperm nucleus area as a mediator in the relationship between individual genetic variation and sex-ratio bias. Fathers with high levels of genetic variation had ejaculates with a higher proportion of sperm with small nuclei area. This, in turn, led to siring a higher proportion of sons (25% increase in sons per 0.1 decrease in the inbreeding coefficient). Our results reveal a plausible mechanism underlying unexplored male-driven sex-ratio biases. We also discuss why this pattern of paternal bias can be adaptive. This research puts to rest the idea that father contribution to sex ratio variation should be disregarded in vertebrates, and will stimulate research on evolutionary constraints to sex ratios-for example, whether fathers and mothers have divergent, coinciding, or neutral sex allocation interests. Finally, these results offer a potential explanation for those intriguing cases in which there are sex ratio biases, such as in humans. © 2017 The Author(s).

  6. Utility allowed returns and market extremes

    International Nuclear Information System (INIS)

    Murry, D.A.; Nan, G.D.; Harrington, B.M.

    1993-01-01

    In recent years interest rates have fluctuated from exceptionally high levels in the early 1980s to their current levels, the lowest in two decades. Observers and analysts generally have assumed that allowed returns by regulatory commissions follow the movement of interest rates; indeed some analysts use a risk premium method to estimate the cost of common equity, assuming a constant and linear relationship between interest rates and the cost of common equity. That suggests we could expect a relatively stable relationship between interest rates and allowed returns, as well. However, a simple comparison of allowed returns and interest rates shows that this is not the case in recent years. The relationship between market interest rates and the returns allowed by commissions varies and is obviously a great deal more complicated. Empirically, there appears to be only a narrow range where market interest rates significantly affect the allowed returns on common stock set by state commissions, at least for electric and combination utilities. If rates are at historically low levels, allowed returns based largely on market rates will hasten subsequent rate filings, and commissions appear to look beyond the low rate levels. Conversely, it appears that regulators do not let historically high market rates determine allowed returns either. At either high or low interest levels, caution seems to be the policy

  7. Return to sports after shoulder arthroplasty

    Science.gov (United States)

    Johnson, Christine C; Johnson, Daniel J; Liu, Joseph N; Dines, Joshua S; Dines, David M; Gulotta, Lawrence V; Garcia, Grant H

    2016-01-01

    Many patients prioritize the ability to return to sports following shoulder replacement surgeries, including total shoulder arthroplasty (TSA), reverse total shoulder arthroplasty (RTSA), and hemiarthroplasty (HA). While activity levels after hip and knee replacements have been well-established in the literature, studies on this topic in the field of shoulder arthroplasty are relatively limited. A review of the literature regarding athletic activity after shoulder arthroplasty was performed using the PubMed database. All studies relevant to shoulder arthroplasty and return to sport were included. The majority of patients returned to their prior level of activity within six months following TSA, RTSA, and shoulder HA. Noncontact, low demand activities are permitted by most surgeons postoperatively and generally have higher return rates than contact sports or high-demand activities. In some series, patients reported an improvement in their ability to participate in sports following the arthroplasty procedure. The rates of return to sports following TSA (75%-100%) are slightly higher than those reported for HA (67%-76%) and RTSA (75%-85%). Patients undergoing TSA, RTSA, and shoulder HA should be counseled that there is a high probability that they will be able to return to their preoperative activity level within six months postoperatively. TSA has been associated with higher rates of return to sports than RTSA and HA, although this may reflect differences in patient population or surgical indication. PMID:27672564

  8. Energy Return on Investment - Fuel Recycle

    International Nuclear Information System (INIS)

    Halsey, W.; Simon, A.J.; Fratoni, M.; Smith, C.; Schwab, P.; Murray, P.

    2012-01-01

    This report provides a methodology and requisite data to assess the potential Energy Return On Investment (EROI) for nuclear fuel cycle alternatives, and applies that methodology to a limited set of used fuel recycle scenarios. This paper is based on a study by Lawrence Livermore National Laboratory and a parallel evaluation by AREVA Federal Services LLC, both of which were sponsored by the DOE Fuel Cycle Technologies (FCT) Program. The focus of the LLNL effort was to develop a methodology that can be used by the FCT program for such analysis that is consistent with the broader energy modeling community, and the focus of the AREVA effort was to bring industrial experience and operational data into the analysis. This cooperative effort successfully combined expertise from the energy modeling community with expertise from the nuclear industry. Energy Return on Investment is one of many figures of merit on which investment in a new energy facility or process may be judged. EROI is the ratio of the energy delivered by a facility divided by the energy used to construct, operate and decommission that facility. While EROI is not the only criterion used to make an investment decision, it has been shown that, in technologically advanced societies, energy supplies must exceed a minimum EROI. Furthermore, technological history shows a trend towards higher EROI energy supplies. EROI calculations have been performed for many components of energy technology: oil wells, wind turbines, photovoltaic modules, biofuels, and nuclear reactors. This report represents the first standalone EROI analysis of nuclear fuel reprocessing (or recycling) facilities.

  9. 26 CFR 301.6019-1 - Gift tax returns.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 18 2010-04-01 2010-04-01 false Gift tax returns. 301.6019-1 Section 301.6019-1... ADMINISTRATION PROCEDURE AND ADMINISTRATION Information and Returns Returns and Records § 301.6019-1 Gift tax returns. For provisions relating to requirement of gift tax returns, see §§ 25.6019-1 to 25.6019-4...

  10. Experimental Investigation of a Wing-in-Ground Effect Craft

    Directory of Open Access Journals (Sweden)

    M. Mobassher Tofa

    2014-01-01

    Full Text Available The aerodynamic characteristics of the wing-in-ground effect (WIG craft model that has a noble configuration of a compound wing was experimentally investigated and Universiti Teknologi Malaysia (UTM wind tunnel with and without endplates. Lift and drag forces, pitching moment coefficients, and the centre of pressure were measured with respect to the ground clearance and the wing angle of attack. The ground effect and the existence of the endplates increase the wing lift-to-drag ratio at low ground clearance. The results of this research work show new proposed design of the WIG craft with compound wing and endplates, which can clearly increase the aerodynamic efficiency without compromising the longitudinal stability. The use of WIG craft is representing an ambitious technology that will help in reducing time, effort, and money of the conventional marine transportation in the future.

  11. Experimental investigation of a wing-in-ground effect craft.

    Science.gov (United States)

    Tofa, M Mobassher; Maimun, Adi; Ahmed, Yasser M; Jamei, Saeed; Priyanto, Agoes; Rahimuddin

    2014-01-01

    The aerodynamic characteristics of the wing-in-ground effect (WIG) craft model that has a noble configuration of a compound wing was experimentally investigated and Universiti Teknologi Malaysia (UTM) wind tunnel with and without endplates. Lift and drag forces, pitching moment coefficients, and the centre of pressure were measured with respect to the ground clearance and the wing angle of attack. The ground effect and the existence of the endplates increase the wing lift-to-drag ratio at low ground clearance. The results of this research work show new proposed design of the WIG craft with compound wing and endplates, which can clearly increase the aerodynamic efficiency without compromising the longitudinal stability. The use of WIG craft is representing an ambitious technology that will help in reducing time, effort, and money of the conventional marine transportation in the future.

  12. Gait Planning Research for an Electrically Driven Large-Load-Ratio Six-Legged Robot

    Directory of Open Access Journals (Sweden)

    Hong-Chao Zhuang

    2017-03-01

    Full Text Available Gait planning is an important basis for the walking of a legged robot. To improve the walking stability of multi-legged robots and to reduce the impact force between the foot and the ground, gait planning strategies are presented for an electrically driven large-load-ratio six-legged robot. First, the configuration and walking gait of the electrically driven large-load-ratio six-legged robot are designed. The higher-stable swing sequences of legs and typical walking modes are respectively obtained. Based on the Denavit–Hartenberg (D–H method, the analyses of the forward and inverse kinematics are implemented. The mathematical models of the articulated rotation angles are respectively established. In view of the buffer device installed at the end of shin to decrease the impact force between the foot and the ground, an initial lift height of the leg is brought into gait planning when the support phase changes into the transfer phase. The mathematical models of foot trajectories are established. Finally, a prototype of the electrically driven large-load-ratio six-legged robot is developed. The experiments of the prototype are carried out regarding the aspects of the walking speed and surmounting obstacle. Then, the reasonableness of gait planning is verified based on the experimental results. The proposed strategies of gait planning lay the foundation for effectively reducing the foot–ground impact force and can provide a reference for other large-load-ratio multi-legged robots.

  13. Stock Returns and Risk: Evidence from Quantile

    Directory of Open Access Journals (Sweden)

    Thomas C. Chiang

    2012-12-01

    Full Text Available This paper employs weighted least squares to examine the risk-return relation by applying high-frequency data from four major stock indexes in the US market and finds some evidence in favor of a positive relation between the mean of the excess returns and expected risk. However, by using quantile regressions, we find that the risk-return relation moves from negative to positive as the returns’ quantile increases. A positive risk-return relation is valid only in the upper quantiles. The evidence also suggests that intraday skewness plays a dominant role in explaining the variations of excess returns.

  14. An Intersection–Union Test for the Sharpe Ratio

    Directory of Open Access Journals (Sweden)

    Gabriel Frahm

    2018-04-01

    Full Text Available An intersection–union test for supporting the hypothesis that a given investment strategy is optimal among a set of alternatives is presented. It compares the Sharpe ratio of the benchmark with that of each other strategy. The intersection–union test takes serial dependence into account and does not presume that asset returns are multivariate normally distributed. An empirical study based on the G–7 countries demonstrates that it is hard to find significant results due to the lack of data, which confirms a general observation in empirical finance.

  15. Return to Golf After Lumbar Fusion.

    Science.gov (United States)

    Shifflett, Grant D; Hellman, Michael D; Louie, Philip K; Mikhail, Christopher; Park, Kevin U; Phillips, Frank M

    Spinal fusion surgery is being increasingly performed, yet few studies have focused on return to recreational sports after lumbar fusion and none have specifically analyzed return to golf. Most golfers successfully return to sport after lumbar fusion surgery. Case series. Level 4. All patients who underwent 1- or 2-level primary lumbar fusion surgery for degenerative pathologies performed by a single surgeon between January 2008 and October 2012 and had at least 1-year follow-up were included. Patients completed a specifically designed golf survey. Surveys were mailed, given during follow-up clinic, or answered during telephone contact. A total of 353 patients met the inclusion and exclusion criteria, with 200 responses (57%) to the questionnaire producing 34 golfers. The average age of golfers was 57 years (range, 32-79 years). In 79% of golfers, preoperative back and/or leg pain significantly affected their ability to play golf. Within 1 year from surgery, 65% of patients returned to practice and 52% returned to course play. Only 29% of patients stated that continued back/leg pain limited their play. Twenty-five patients (77%) were able to play the same amount of golf or more than before fusion surgery. Of those providing handicaps, 12 (80%) reported the same or an improved handicap. More than 50% of golfers return to on-course play within 1 year of lumbar fusion surgery. The majority of golfers can return to preoperative levels in terms of performance (handicap) and frequency of play. This investigation offers insight into when golfers return to sport after lumbar fusion surgery and provides surgeons with information to set realistic expectations postoperatively.

  16. Return to work and risk of subsequent detachment from employment after myocardial infarction

    DEFF Research Database (Denmark)

    Smedegaard, Laerke; Numé, Anna Karin; Charlot, Mette

    2017-01-01

    Background--Limited data are available on return to work and subsequent detachment from employment after admission for myocardial infarction (MI). Methods and Results--Using individual-level linkage of data from nationwide registries, we identified patients of working age (30-65 years) discharged...... after first-time MI in the period 1997 to 2012, who were employed before admission. To assess the cumulative incidence of return to work and detachment from employment, the Aalen Johansen estimator was used. Incidences were compared with population controls matched on age and sex. Logistic regression...... was applied to estimate odds ratios for associations between detachment from employment and age, sex, comorbidities, income, and education level. Of 39 296 patients of working age discharged after first-time MI, 22 394 (56.9%) were employed before admission. Within 1 year 91.1% (95% confidence interval [CI...

  17. PENGARUH PROFITABILITAS TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR DI INDONESIA

    Directory of Open Access Journals (Sweden)

    Rini Dwiyani Hadiwidjaja

    2013-03-01

    Full Text Available Manufacture industries decline in 2006 was caused by 3 big obstructions, its instability in macroeconomics, uncertainty policy and corruptions. This condition caused the payment of dividend manufactures companies decline year to year and some companies didnt paid the dividend for 3 years respectively. The objective of this research is to find out and analyzes the influence of Cash Ratio, Net Profit Margin (NPM, dan Return on Investment (ROI to dividend payout ratio at manufactured industry in Indonesia and which factor will be the most dominant to Dividend Payout Ratio (DPR. The data used in this research is from the yearly financial report of the thirty one manufactured industries listed at the Indonesia Stock Exchange (IDX at 2001 to 2006. The types of research are descriptive and quantitative with the explanatory research method. The analysis of method used in this research is the multiple linear regressions method. The hypothesize test used the statistical of F-test and the statistical of t-test with confident interval 95% and level of significant 5%. The statistical of F-test shows that all independent variables simultaneously influence DPR at the determinant coefficient (R2 62,1% its shows that research independent variables able to explain 37,9% to DPR while the remaining of 56,7% explained by independent variables that were un-research. The statistical of t-test shows that only ROI partially influence DPR. Return on Investment is the most variable that influence DPR.

  18. Fundamental ratios and stock market performance : evidence from Turkey

    OpenAIRE

    Parlak, Deniz

    2013-01-01

    The fundamental analysis strives to determine the approximate future market value of a firm and an important step in a fundamental analysis is the computation of basic ratios which provide an indication of firms' financial performance in several key areas. The purpose of this study is to investigate the financial performance of Turkish manufacturing companies and the impact of this performance on common stock returns for the three years from 2009 to 2012. The sample consisted of 20 chemical-s...

  19. Disproportionate Declines in Ground-Foraging Insectivorous Birds after Mistletoe Removal.

    Directory of Open Access Journals (Sweden)

    David M Watson

    Full Text Available Insectivorous birds have been recognized as disproportionately sensitive to land-use intensification and habitat loss, with those species feeding primarily on the ground exhibiting some of the most dramatic declines. Altered litter inputs and availability of epigeic arthropods have been suggested to underlie reduced abundances and shrinking distributions but direct evidence is lacking. I used a patch-scale removal experiment in southern Australia to evaluate whether ground-feeding insectivores are especially vulnerable to altered litter-fall. Building on work demonstrating the importance of mistletoe litter to nutrient dynamics, litter was reduced by removing mistletoe (Loranthaceae from one set of eucalypt woodlands, responses of birds three years after mistletoe removal compared with otherwise similar control woodlands containing mistletoe. Despite not feeding on mistletoes directly, insectivores exhibited the greatest response to mistletoe removal. Among woodland residents, ground-foraging insectivores showed the most dramatic response; treatment woodlands losing an average of 37.4% of their pre-treatment species richness. Once these 19 species of ground-foraging insectivores were excluded, remaining woodland species showed no significant effect of mistletoe removal. This response reflects greater initial losses in treatment woodlands during the study (which coincided with a severe drought and double the number of species returning to control woodlands (where mistletoe numbers and litter were not manipulated post-drought. These findings support the productivity-based explanation of declining insectivores, suggesting diminished litter-fall reduced habitat quality for these birds via decreased availability of their preferred prey. In addition to altered prey availability, interactions between litter-fall and epigeic arthropods exemplify the importance of below-ground / above-ground linkages driving ecosystem function.

  20. Femoroacetabular Impingement in Professional Football Players: Return to Play and Predictors of Career Length After Hip Arthroscopy.

    Science.gov (United States)

    Menge, Travis J; Bhatia, Sanjeev; McNamara, Shannen C; Briggs, Karen K; Philippon, Marc J

    2017-07-01

    Previous studies have shown hip arthroscopy to be a highly effective treatment for symptomatic femoroacetabular impingement (FAI) in a wide range of athletes; however, the rate of return to play and length of career after hip arthroscopy in professional football players are unknown. To determine how many athletes returned to professional football and the number of seasons they played after surgery. Case series; Level of evidence, 4. Fifty-one professional football players (60 hips) underwent hip arthroscopy for FAI between 2000 and 2014 by a single surgeon. Return to play was defined as competing in a preseason or regular season professional football game after surgery. Data were retrospectively obtained for each player from NFL.com , ESPN.com , individual team websites, and/or CFL.ca . We found that 87% (52/60) of the arthroscopic procedures allowed professional football players to return to play in a preseason or regular season game. Athletes who returned played an average of 38 games during 3.2 seasons after arthroscopy, with an average total career length of 7.4 seasons. Ninety-two percent (48/52) of players who returned had a minimum total career length of 3 years. When participants were analyzed by position, linemen were less likely to return after hip arthroscopy compared with other players (odds ratio 5.6; 95% CI, 1.1-35; P = .04). All quarterbacks and tight ends returned to play after surgery. No significant difference in return to play rate was found between athletes who underwent microfracture and those who did not (25% vs 38%, P = .698). Hip arthroscopy for treatment of FAI and associated pathologic abnormalities in professional football players resulted in a high rate of return to play. The study's findings demonstrate that 87% of the arthroscopic procedures allowed professional football players to return to play, linemen were less likely to return compared with other positions, and the presence of microfracture did not significantly affect the return

  1. Nitrogen mediates above-ground effects of ozone but not below-ground effects in a rhizomatous sedge

    International Nuclear Information System (INIS)

    Jones, M.L.M.; Hodges, G.; Mills, G.

    2010-01-01

    Ozone and atmospheric nitrogen are co-occurring pollutants with adverse effects on natural grassland vegetation. Plants of the rhizomatous sedge Carex arenaria were exposed to four ozone regimes representing increasing background concentrations (background-peak): 10-30, 35-55, 60-80 and 85-105 ppb ozone at two nitrogen levels: 12 and 100 kg N ha -1 yr -1 . Ozone increased the number and proportion of senesced leaves, but not overall leaf number. There was a clear nitrogen x ozone interaction with high nitrogen reducing proportional senescence in each treatment and increasing the ozone dose (AOT40) at which enhanced senescence occurred. Ozone reduced total biomass due to significant effects on root biomass. There were no interactive effects on shoot:root ratio. Rhizome tissue N content was increased by both nitrogen and ozone. Results suggest that nitrogen mediates above-ground impacts of ozone but not impacts on below-ground resource translocation. This may lead to complex interactive effects between the two pollutants on natural vegetation. - Nitrogen alters threshold of ozone-induced senescence, but not below-ground resource allocation.

  2. Volumetric visualization of multiple-return LIDAR data: Using voxels

    Science.gov (United States)

    Stoker, Jason M.

    2009-01-01

    Elevation data are an important component in the visualization and analysis of geographic information. The creation and display of 3D models representing bare earth, vegetation, and surface structures have become a major focus of light detection and ranging (lidar) remote sensing research in the past few years. Lidar is an active sensor that records the distance, or range, of a laser usually fi red from an airplane, helicopter, or satellite. By converting the millions of 3D lidar returns from a system into bare ground, vegetation, or structural elevation information, extremely accurate, high-resolution elevation models can be derived and produced to visualize and quantify scenes in three dimensions. These data can be used to produce high-resolution bare-earth digital elevation models; quantitative estimates of vegetative features such as canopy height, canopy closure, and biomass; and models of urban areas such as building footprints and 3D city models.

  3. Adaptive ground implemented phase array

    Science.gov (United States)

    Spearing, R. E.

    1973-01-01

    The simulation of an adaptive ground implemented phased array of five antenna elements is reported for a very high frequency system design that is tolerant to the radio frequency interference environment encountered by a tracking data relay satellite. Signals originating from satellites are received by the VHF ring array and both horizontal and vertical polarizations from each of the five elements are multiplexed and transmitted down to ground station. A panel on the transmitting end of the simulation chamber contains up to 10 S-band RFI sources along with the desired signal to simulate the dynamic relationship between user and TDRS. The 10 input channels are summed, and desired and interference signals are separated and corrected until the resultant sum signal-to-interference ratio is maximized. Testing performed with this simulation equipment demonstrates good correlation between predicted and actual results.

  4. Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?

    Science.gov (United States)

    Beshears, John; Choi, James J; Laibson, David; Madrian, Brigitte C

    2017-06-01

    Many experiments have found that participants take more investment risk if they see returns less frequently, see portfolio-level returns (rather than each individual asset's returns), or see long-horizon (rather than one-year) historical return distributions. In contrast, we find that such information aggregation treatments do not affect total equity investment when we make the investment environment more realistic than in prior experiments. Previously documented aggregation effects are not robust to changes in the risky asset's return distribution or the introduction of a multi-day delay between portfolio choice and return realizations.

  5. TFTR grounding scheme and ground-monitor system

    International Nuclear Information System (INIS)

    Viola, M.

    1983-01-01

    The Tokamak Fusion Test Reactor (TFTR) grounding system utilizes a single-point ground. It is located directly under the machine, at the basement floor level, and is tied to the building perimeter ground. Wired to this single-point ground, via individual 500 MCM insulated cables, are: the vacuum vessel; four toroidal field coil cases/inner support structure quadrants; umbrella structure halves; the substructure ring girder; radial beams and columns; and the diagnostic systems. Prior to the first machine operation, a ground-loop removal program was initiated. It required insulation of all hangers and supports (within a 35-foot radius of the center of the machine) of the various piping, conduits, cable trays, and ventilation systems. A special ground-monitor system was designed and installed. It actively monitors each of the individual machine grounds to insure that there are no inadvertent ground loops within the machine structure or its ground and that the machine grounds are intact prior to each pulse. The TFTR grounding system has proven to be a very manageable system and one that is easy to maintain

  6. The Determinants of Brazilian Football Clubs’ Debt Ratios

    Directory of Open Access Journals (Sweden)

    Marke Geisy da Silva Dantas

    2017-01-01

    Full Text Available This paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships, e.g. Libertadores da América , Division, Title (won at time t and Relegated (at time t . Data was collected from several publicly available channels and our sample was mostly decided according to this availability. The time range adopted was 2010-2013. The model employed was Generalized Estimating Equation. Our results suggest that debt ratios are more associated with their popularity or their participation in the highest division of its main championship rather than titles held, access to different competitions or relegation to lower levels. We believe that our findings may be useful for both practitioners, who might know the impact of their sports-related choices in their clubs’ debts, and policymakers, that could prepare differentiated policies for specific groups (e.g divisions.

  7. Radon determination in ground water

    International Nuclear Information System (INIS)

    Segovia A, N.; Bulbulian G, S.

    1991-08-01

    Studies on natural radioactivity in ground water were started in Mexico in San Luis Potosi state followed by samplings from deep wells and springs in the states of Mexico and Michoacan. The samples were analyzed for solubilized and 226 Ra- supported 222 Rn. Some of them were also studied for 234 U/ 238 U activity ratio. In this paper we discuss the activities obtained and their relationship with the geologic characteristics of the studied zones. (Author)

  8. Overwinter changes in urea nitrogen:creatinine and cortisol:creatinine ratios in urine from Banks Island Peary caribou

    Directory of Open Access Journals (Sweden)

    Nicholas C. Larter

    2000-04-01

    Full Text Available Over 200 snow urine samples were collected from Banks Island Peary caribou between March 1993 and May 1998. Most (n = 146 samples were collected during 3 time periods in 5 successive years: early winter (3 November-3 December, mid-winter (9 February-1 March, and late-winter (23 April-2 May. We determined the ratios of urea nitrogen:creatinine (U:C and cortisol:creatinine (C:C for each sample. U:C ratios had significant year, time, and year x time interaction effects. Mid-winter ratios were higher than early or late-winter ratios. U:C ratios ranged from 0.53 to 19.05 mg/mg, and were lowest in 1997-98. Five calf caribou sacrificed in February 1994 had significantly (P<0.02 higher U:C ratios than other caribou in mid-winter. Three adult male and 2 calf caribou sacrificed in November 1993 had U:C ratios similar to other caribou in early winter. Sacrificed caribou were in similar condition to animals that have been harvested for subsistent use in other years, not overly fat nor in an advanced state of starvation. U:C ratios for Peary caribou range from 10 to ca. 100-fold higher than those reported for barren-ground caribou; ratios > 60-fold higher than those indicative of prolonged undernutrition in barren-ground caribou were common. This difference is likely because the winter diet of Peary caribou has a higher crude protein content than that of barren-ground caribou. C:C ratios had significant year and year x time interaction effects, and were highest in 1996-97 and 1997-98. C:C ratios of sacrificed caribou were similar to those of other animals during early and mid-winter. C:C ratios for Peary caribou ranged from 0.0120 ug/mg to 0.2678 ug/mg; ratios indicative of morbidity in mule deer were common. C:C and U:C ratios from the same individuals were not correlated (R = -0.073. Monitoring U:C ratios of Banks Island Peary caribou may provide useful management information.

  9. Advances in Astromaterials Curation: Supporting Future Sample Return Missions

    Science.gov (United States)

    Evans, C. A.; Zeigler, R. A.; Fries, M. D..; Righter, K.; Allton, J. H.; Zolensky, M. E.; Calaway, M. J.; Bell, M. S.

    2015-01-01

    NASA's Astromaterials, curated at the Johnson Space Center in Houston, are the most extensive, best-documented, and leastcontaminated extraterrestrial samples that are provided to the worldwide research community. These samples include lunar samples from the Apollo missions, meteorites collected over nearly 40 years of expeditions to Antarctica (providing samples of dozens of asteroid bodies, the Moon, and Mars), Genesis solar wind samples, cosmic dust collected by NASA's high altitude airplanes, Comet Wild 2 and interstellar dust samples from the Stardust mission, and asteroid samples from JAXA's Hayabusa mission. A full account of NASA's curation efforts for these collections is provided by Allen, et al [1]. On average, we annually allocate about 1500 individual samples from NASA's astromaterials collections to hundreds of researchers from around the world, including graduate students and post-doctoral scientists; our allocation rate has roughly doubled over the past 10 years. The curation protocols developed for the lunar samples returned from the Apollo missions remain relevant and are adapted to new and future missions. Several lessons from the Apollo missions, including the need for early involvement of curation scientists in mission planning [1], have been applied to all subsequent sample return campaigns. From the 2013 National Academy of Sciences report [2]: "Curation is the critical interface between sample return missions and laboratory research. Proper curation has maintained the scientific integrity and utility of the Apollo, Antarctic meteorite, and cosmic dust collections for decades. Each of these collections continues to yield important new science. In the past decade, new state-of-the-art curatorial facilities for the Genesis and Stardust missions were key to the scientific breakthroughs provided by these missions." The results speak for themselves: research on NASA's astromaterials result in hundreds of papers annually, yield fundamental

  10. Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?

    Science.gov (United States)

    Beshears, John; Choi, James J.; Laibson, David; Madrian, Brigitte C.

    2016-01-01

    Many experiments have found that participants take more investment risk if they see returns less frequently, see portfolio-level returns (rather than each individual asset’s returns), or see long-horizon (rather than one-year) historical return distributions. In contrast, we find that such information aggregation treatments do not affect total equity investment when we make the investment environment more realistic than in prior experiments. Previously documented aggregation effects are not robust to changes in the risky asset’s return distribution or the introduction of a multi-day delay between portfolio choice and return realizations. PMID:28553012

  11. Análisis Económico de la Relación Entre los Ratios PER y Book to Market

    Directory of Open Access Journals (Sweden)

    José Antonio Laínez Gadea

    2002-06-01

    Full Text Available En el presente trabajo se propone un examen conjunto de dos de los ratios bursátiles más relevantes para el análisis fundamental, el ratio PER y la relación que se establece entre el valor de mercado y contable de los recursos propios de la empresa. El propósito es el de analizar su relación y evaluar el papel que e la misma juega la rentabilidad financiera, todo ello tomando como base conceptual el modelo de valoración de empresas EBO. Los resultados obtenidos para una muestra de empresas que cotizan en la Bolsa de Madrid, señalan que la relación entre ambos ratios es directa pero no estrictamente positiva, observándose situaciones con valores relativos opuestos en los mismos. Asimismo, la articulación de esta relación puede establecerse en términos económicos a través de la rentabilidad financiera actual, si bien sólo en situaciones en las que ésta es a la vez un buen estimador de la rentabilidad financiera futura Finalmente, el ratio book to market parece diferenciar las situaciones en las que el PER es sólo reflejo la presencia de componentes transitorios en los resultados de aquéllas en las que éste resulta ser un buen indicador del crecimiento esperado. Palabras clave: PER, book to market, rentabilidad financiera, análisis fundamental. In this paper we propose a joint analysis of two relevant ratios in fundamental analysis: PIE and book market. On the basis of the EBO accounting valuation model, our goal is to analyse the relationship between both ratios and assess the role of the accounting rate of return in explaining how both combine in value. Results indicate that their relation is positive but not monotonic. Also, the book rate-of-return equity seems to determine the articulation between PIE and book to mar/ret as long as this rate of return is a good estimator of future return on equity. Finally, we found evidence that the ratio book to mar allows to identify the cases in which PIE contains transitory components

  12. Thermal Protection for Mars Sample Return Earth Entry Vehicle: A Grand Challenge for Design Methodology and Reliability Verification

    Science.gov (United States)

    Venkatapathy, Ethiraj; Gage, Peter; Wright, Michael J.

    2017-01-01

    Mars Sample Return is our Grand Challenge for the coming decade. TPS (Thermal Protection System) nominal performance is not the key challenge. The main difficulty for designers is the need to verify unprecedented reliability for the entry system: current guidelines for prevention of backward contamination require that the probability of spores larger than 1 micron diameter escaping into the Earth environment be lower than 1 million for the entire system, and the allocation to TPS would be more stringent than that. For reference, the reliability allocation for Orion TPS is closer to 11000, and the demonstrated reliability for previous human Earth return systems was closer to 1100. Improving reliability by more than 3 orders of magnitude is a grand challenge indeed. The TPS community must embrace the possibility of new architectures that are focused on reliability above thermal performance and mass efficiency. MSR (Mars Sample Return) EEV (Earth Entry Vehicle) will be hit with MMOD (Micrometeoroid and Orbital Debris) prior to reentry. A chute-less aero-shell design which allows for self-righting shape was baselined in prior MSR studies, with the assumption that a passive system will maximize EEV robustness. Hence the aero-shell along with the TPS has to take ground impact and not break apart. System verification will require testing to establish ablative performance and thermal failure but also testing of damage from MMOD, and structural performance at ground impact. Mission requirements will demand analysis, testing and verification that are focused on establishing reliability of the design. In this proposed talk, we will focus on the grand challenge of MSR EEV TPS and the need for innovative approaches to address challenges in modeling, testing, manufacturing and verification.

  13. Ensemble of ground subsidence hazard maps using fuzzy logic

    Science.gov (United States)

    Park, Inhye; Lee, Jiyeong; Saro, Lee

    2014-06-01

    Hazard maps of ground subsidence around abandoned underground coal mines (AUCMs) in Samcheok, Korea, were constructed using fuzzy ensemble techniques and a geographical information system (GIS). To evaluate the factors related to ground subsidence, a spatial database was constructed from topographic, geologic, mine tunnel, land use, groundwater, and ground subsidence maps. Spatial data, topography, geology, and various ground-engineering data for the subsidence area were collected and compiled in a database for mapping ground-subsidence hazard (GSH). The subsidence area was randomly split 70/30 for training and validation of the models. The relationships between the detected ground-subsidence area and the factors were identified and quantified by frequency ratio (FR), logistic regression (LR) and artificial neural network (ANN) models. The relationships were used as factor ratings in the overlay analysis to create ground-subsidence hazard indexes and maps. The three GSH maps were then used as new input factors and integrated using fuzzy-ensemble methods to make better hazard maps. All of the hazard maps were validated by comparison with known subsidence areas that were not used directly in the analysis. As the result, the ensemble model was found to be more effective in terms of prediction accuracy than the individual model.

  14. A Hybrid Genetic-Simulated Annealing Algorithm for the Location-Inventory-Routing Problem Considering Returns under E-Supply Chain Environment

    Science.gov (United States)

    Guo, Hao; Fu, Jing

    2013-01-01

    Facility location, inventory control, and vehicle routes scheduling are critical and highly related problems in the design of logistics system for e-business. Meanwhile, the return ratio in Internet sales was significantly higher than in the traditional business. Many of returned merchandise have no quality defects, which can reenter sales channels just after a simple repackaging process. Focusing on the existing problem in e-commerce logistics system, we formulate a location-inventory-routing problem model with no quality defects returns. To solve this NP-hard problem, an effective hybrid genetic simulated annealing algorithm (HGSAA) is proposed. Results of numerical examples show that HGSAA outperforms GA on computing time, optimal solution, and computing stability. The proposed model is very useful to help managers make the right decisions under e-supply chain environment. PMID:24489489

  15. A hybrid genetic-simulated annealing algorithm for the location-inventory-routing problem considering returns under e-supply chain environment.

    Science.gov (United States)

    Li, Yanhui; Guo, Hao; Wang, Lin; Fu, Jing

    2013-01-01

    Facility location, inventory control, and vehicle routes scheduling are critical and highly related problems in the design of logistics system for e-business. Meanwhile, the return ratio in Internet sales was significantly higher than in the traditional business. Many of returned merchandise have no quality defects, which can reenter sales channels just after a simple repackaging process. Focusing on the existing problem in e-commerce logistics system, we formulate a location-inventory-routing problem model with no quality defects returns. To solve this NP-hard problem, an effective hybrid genetic simulated annealing algorithm (HGSAA) is proposed. Results of numerical examples show that HGSAA outperforms GA on computing time, optimal solution, and computing stability. The proposed model is very useful to help managers make the right decisions under e-supply chain environment.

  16. A Hybrid Genetic-Simulated Annealing Algorithm for the Location-Inventory-Routing Problem Considering Returns under E-Supply Chain Environment

    Directory of Open Access Journals (Sweden)

    Yanhui Li

    2013-01-01

    Full Text Available Facility location, inventory control, and vehicle routes scheduling are critical and highly related problems in the design of logistics system for e-business. Meanwhile, the return ratio in Internet sales was significantly higher than in the traditional business. Many of returned merchandise have no quality defects, which can reenter sales channels just after a simple repackaging process. Focusing on the existing problem in e-commerce logistics system, we formulate a location-inventory-routing problem model with no quality defects returns. To solve this NP-hard problem, an effective hybrid genetic simulated annealing algorithm (HGSAA is proposed. Results of numerical examples show that HGSAA outperforms GA on computing time, optimal solution, and computing stability. The proposed model is very useful to help managers make the right decisions under e-supply chain environment.

  17. Are there Diminishing Returns to R&D?

    DEFF Research Database (Denmark)

    Madsen, Jakob B.

    Semi-endogenous models and, to some extent, also Schumpeterian models are based on the assumption of diminishing returns to R&D. This paper shows that the null hypothesis of constant returns to R&D cannot be rejected for the OECD countries......Semi-endogenous models and, to some extent, also Schumpeterian models are based on the assumption of diminishing returns to R&D. This paper shows that the null hypothesis of constant returns to R&D cannot be rejected for the OECD countries...

  18. The Importance of Meteorite Collections to Sample Return Missions: Past, Present, and Future Considerations

    Science.gov (United States)

    Welzenbach, L. C.; McCoy, T. J.; Glavin, D. P.; Dworkin, J. P.; Abell, P. A.

    2012-01-01

    While much of the scientific community s current attention is drawn to sample return missions, it is the existing meteorite and cosmic dust collections that both provide the paradigms to be tested by these missions and the context for interpreting the results. Recent sample returns from the Stardust and Hayabusa missions provided us with new materials and insights about our Solar System history and processes. As an example, Stardust sampled CAIs among the population of cometary grains, requiring extensive and unexpected radial mixing in the early solar nebula. This finding would not have been possible, however, without extensive studies of meteoritic CAIs that established their high-temperature, inner Solar System formation. Samples returned by Stardust also revealed the first evidence of a cometary amino acid, a discovery that would not have been possible with current in situ flight instrument technology. The Hayabusa mission provided the final evidence linking ordinary chondrites and S asteroids, a hypothesis that developed from centuries of collection and laboratory and ground-based telescopic studies. In addition to these scientific findings, studies of existing meteorite collections have defined and refined the analytical techniques essential to studying returned samples. As an example, the fortuitous fall of the Allende CV3 and Murchison CM2 chondrites within months before the return of Apollo samples allowed testing of new state-of-the-art analytical facilities. The results of those studies not only prepared us to better study lunar materials, but unanticipated discoveries changed many of our concepts about the earliest history and processes of the solar nebula. This synergy between existing collections and future space exploration is certainly not limited to sample return missions. Laboratory studies confirmed the existence of meteorites from Mars and raised the provocative possibility of preservation of ancient microbial life. The laboratory studies in

  19. Response characteristics of reactor building on weathered soft rock ground

    International Nuclear Information System (INIS)

    Hirata, Kazuta; Tochigi, Hitoshi

    1991-01-01

    The purpose of this study is to investigate the seismic stability of nuclear power plants on layered soft bedrock grounds, focusing on the seismic response of reactor buildings. In this case, the soft bedrock grounds refer to the weathered soft bedrocks with several tens meter thickness overlaying hard bedrocks. Under this condition, there are two subjects regarding the estimation of the seismic response of reactor buildings. One is the estimation of the seismic response of surface ground, and another is the estimation of soil-structure interaction characteristics for the structures embedded in the layered grounds with low impedandce ratio between the surface ground and the bedrock. Paying attention to these subjects, many cases of seismic response analysis were carried out, and the following facts were clarified. In the soft rock grounds overlaying hard bedrocks, it was proved that the response acceleration was larger than the case of uniform hard bedrocks. A simplified sway and rocking model was proposed to consider soil-structure interaction. It was proved that the response of reactor buildings was small when the effect of embedment was considered. (K.I.)

  20. The Effects of Asset Management and Profitability on Stock Returns: A Comparative Study between Conventional and Islamic Stock Markets in Indonesia

    Directory of Open Access Journals (Sweden)

    Shelly Midesia

    2016-09-01

    Full Text Available This study aims at empirically examining whether there are differences in stock returns between conventional and Islamic stock returns In Indonesia for the period 2010-2013. This study also attempts to explore the effect of asset management and profitability both stock returns in Indonesia. Annual pooled data gathered from the annual financial reports of 100 conventional and Islamic stock returns, which were published by the Indonesian Stock Exchange from 2010 to 2013 were used and analyzed by using the independent t-test and panel multivariate regression analysis. The result shows that there was no difference in stock returns between the conventional and Islamic stock markets. Additionally, the study documents that only profitability, which is measured by market ratio, was found to have an influence on the conventional stock markets. Meanwhile, as for Islamic stock market, only management of assets was found to have a significant effect on the stock return. These findings imply that investors who are investing in both Islamic and conventional markets would gain similar returns. However, in predicting and stabilizing the stock markets, both investors and policy makers should focus on the profitability for the conventional and management of assets for the Islamic stock market.

  1. Stable Carbon Isotope Ratio (δ13C Measurement of Graphite Using EA-IRMS System

    Directory of Open Access Journals (Sweden)

    Andrius Garbaras

    2015-06-01

    Full Text Available δ13C values in non-irradiated natural graphite were measured. The measurements were carried out using an elemental analyzer combined with stable isotope ratio mass spectrometer (EA-IRMS. The samples were prepared with ground and non-ground graphite, the part of which was mixed with Mg (ClO42. The best combustion of graphite in the oxidation furnace of the elemental analyzer was achieved when the amount of pulverized graphite ranged from 200 to 490 µg and the mass ratio C:Mg(ClO42 was approximately 1:10. The method for the graphite burning avoiding the isotope fractionation is proposed.DOI: http://dx.doi.org/10.5755/j01.ms.21.2.6873

  2. Distinct work-related, clinical and psychological factors predict return to work following treatment in four different cancer types.

    Science.gov (United States)

    Cooper, Alethea F; Hankins, Matthew; Rixon, Lorna; Eaton, Emma; Grunfeld, Elizabeth A

    2013-03-01

    Many factors influence return to work (RTW) following cancer treatment. However specific factors affecting RTW across different cancer types are unclear. This study examined the role of clinical, sociodemographic, work and psychological factors in RTW following treatment for breast, gynaecological, head and neck, and urological cancer. A 12-month prospective questionnaire study was conducted with 290 patients. Cox regression analyses were conducted to calculate hazard ratios (HR) for time to RTW. Between 89-94% of cancer survivors returned to work. Breast cancer survivors took the longest to return (median 30 weeks), and urology cancer survivors returned the soonest (median 5 weeks). Earlier return among breast cancer survivors was predicted by a greater sense of control over their cancer at work (HR 1.2; 95% CI: 1.09-1.37) and by full-time work (HR 2.1; CI: 1.24-3.4). Predictive of a longer return among gynaecological cancer survivors was a belief that cancer treatment may impair ability to work (HR 0.75; CI: 0.62-0.91). Among urological cancer survivors constipation was predictive of longer RTW (HR 0.99; CI: 0.97-1.00), whereas undertaking flexible working was predictive of returning sooner (HR 1.70; CI: 1.07-2.7). Head and neck cancer survivors who perceived greater negative consequences of their cancer took longer to return (HR 0.27; CI: 0.11-0.68). Those reporting better physical functioning returned sooner (HR1.04; CI: 1.01-1.08). A different profile of predictive factors emerged for the four cancer types. In addition to optimal symptom management and workplace adaptations, the findings suggest that eliciting and challenging specific cancer and treatment-related perceptions may facilitate RTW. Copyright © 2012 John Wiley & Sons, Ltd.

  3. Regime switches in the risk-return trade-off

    OpenAIRE

    Marcellino, Massimiliano; Ghysels, Eric; Guerin, Pierre

    2014-01-01

    This paper deals with the estimation of the risk-return trade-off. We use a MIDAS model for the conditional variance and allow for possible switches in the risk-return relation through a Markov-switching specification. We find strong evidence for regime changes in the risk-return relation. This finding is robust to a large range of specifications. In the first regime characterized by low ex-post returns and high volatility, the risk-return relation is reversed, whereas the intuitive positive ...

  4. ANALYSING TURKISH INDIVIDUAL PENSION SYSTEM FEES AND RETURNS

    OpenAIRE

    Peker, Ibrahim

    2018-01-01

    This study aims at categorizing, computing and analyzing fees and costs in Turkish Individual Pension System. To this end, net real returns after all costs were computed and these returns were compared with the disclosed fees and returns. Generally in practice, only fund management fees are taken into consideration for calculating net returns and with this method net annual average (geometric) return of the system is calculated as 2.01% for the 2008-2014 period. However, the results of this s...

  5. Phobos Sample Return: Next Approach

    Science.gov (United States)

    Zelenyi, Lev; Martynov, Maxim; Zakharov, Alexander; Korablev, Oleg; Ivanov, Alexey; Karabadzak, George

    The Martian moons still remain a mystery after numerous studies by Mars orbiting spacecraft. Their study cover three major topics related to (1) Solar system in general (formation and evolution, origin of planetary satellites, origin and evolution of life); (2) small bodies (captured asteroid, or remnants of Mars formation, or reaccreted Mars ejecta); (3) Mars (formation and evolution of Mars; Mars ejecta at the satellites). As reviewed by Galimov [2010] most of the above questions require the sample return from the Martian moon, while some (e.g. the characterization of the organic matter) could be also answered by in situ experiments. There is the possibility to obtain the sample of Mars material by sampling Phobos: following to Chappaz et al. [2012] a 200-g sample could contain 10-7 g of Mars surface material launched during the past 1 mln years, or 5*10-5 g of Mars material launched during the past 10 mln years, or 5*1010 individual particles from Mars, quantities suitable for accurate laboratory analyses. The studies of Phobos have been of high priority in the Russian program on planetary research for many years. Phobos-88 mission consisted of two spacecraft (Phobos-1, Phobos-2) and aimed the approach to Phobos at 50 m and remote studies, and also the release of small landers (long-living stations DAS). This mission implemented the program incompletely. It was returned information about the Martian environment and atmosphere. The next profect Phobos Sample Return (Phobos-Grunt) initially planned in early 2000 has been delayed several times owing to budget difficulties; the spacecraft failed to leave NEO in 2011. The recovery of the science goals of this mission and the delivery of the samples of Phobos to Earth remain of highest priority for Russian scientific community. The next Phobos SR mission named Boomerang was postponed following the ExoMars cooperation, but is considered the next in the line of planetary exploration, suitable for launch around 2022. A

  6. Boron Application Improves Growth, Yield and Net Economic Return of Rice

    Directory of Open Access Journals (Sweden)

    Mubshar HUSSAIN

    2012-09-01

    Full Text Available A field trial was conducted to evaluate the role of boron (B application at different growth stages in improving the growth, yield and net economic return of rice at farmer's fields during summer season, 2009. Boron was soil applied (1.5 kg/hm2 at the transplanting, tillering, flowering and grain formation stages of rice; foliar applied (1.5% B solution at the tillering, flowering and grain formation stages of rice, and dipped seedling roots in 1.5% B solution before transplanting; while control plots did not apply any B. Boron application (except dipping of seedling roots in B solution, which caused toxicity and reduced the number of tillers and straw yield than control substantially improved the rice growth and yield. However, soil application was better in improving the number of grains per panicle, 1000-grain weight, grain yield, harvest index, net economic income and ratio of benefit to cost compared with the rest of treatments. Overall, for improving rice performance and maximizing the net economic returns, B might be applied as soil application at flowering.

  7. Radon determination in ground water

    Energy Technology Data Exchange (ETDEWEB)

    Segovia A, N.; Bulbulian G, S

    1991-08-15

    Studies on natural radioactivity in ground water were started in Mexico in San Luis Potosi state followed by samplings from deep wells and springs in the states of Mexico and Michoacan. The samples were analyzed for solubilized and {sup 226} Ra- supported {sup 222} Rn. Some of them were also studied for {sup 234} U/ {sup 238} U activity ratio. In this paper we discuss the activities obtained and their relationship with the geologic characteristics of the studied zones. (Author)

  8. Site Selection for Hvdc Ground Electrodes

    Science.gov (United States)

    Freire, P. F.; Pereira, S. Y.

    2014-12-01

    High-Voltage Direct Current (HVDC) transmission systems are composed of a bipole transmission line with a converter substation at each end. Each substation may be equipped with a HVDC ground electrode, which is a wide area (up to 1 km Ø) and deep (from 3 to 100m) electrical grounding. When in normal operation, the ground electrode will dissipate in the soil the unbalance of the bipole (~1.5% of the rated current). When in monopolar operation with ground return, the HVDC electrode will inject in the soil the nominal pole continuous current, of about 2000 to 3000 Amperes, continuously for a period up to a few hours. HVDC ground electrodes site selection is a work based on extensive geophysical and geological surveys, in order to attend the desired design requirements established for the electrodes, considering both its operational conditions (maximum soil temperature, working life, local soil voltage gradients etc.) and the interference effects on the installations located up to 50 km away. This poster presents the geophysical investigations conducted primarily for the electrodes site selection, and subsequently for the development of the crust resistivity model, which will be used for the interference studies. A preliminary site selection is conducted, based on general geographical and geological criteria. Subsequently, the geology of each chosen area is surveyed in detail, by means of electromagnetic/electrical geophysical techniques, such as magnetotelluric (deep), TDEM (near-surface) and electroresistivity (shallow). Other complementary geologic and geotechnical surveys are conducted, such as wells drilling (for geotechnical characterization, measurement of the water table depth and water flow, and electromagnetic profiling), and soil and water sampling (for measurement of thermal parameters and evaluation of electrosmosis risk). The site evaluation is a dynamic process along the surveys, and some sites will be discarded. For the two or three final sites, the

  9. Do expectancies of return to work and Job satisfaction predict actual return to work in workers with long lasting LBP?

    Science.gov (United States)

    Opsahl, Jon; Eriksen, Hege R; Tveito, Torill H

    2016-11-17

    Musculoskeletal disorders including low back pain have major individual and socioeconomic consequences as it often leads to disability and long-term sick leave and exclusion from working life. Predictors of disability and return to work often differ, and the dominant knowledge is on predictors for prolonged sick leave and disability. Therefore it is also important to identify key predictors for return to work. The aim of the study was to assess if overall job satisfaction and expectancies of return to work predicts actual return to work after 12 months, among employees with long lasting low back pain, and to assess if there were gender differences in the predictors. Data from the Cognitive interventions and nutritional supplements trial (CINS Trial) was used. Predictors for return to work were examined in 574 employees that had been on sick leave 2-10 months for low back pain, before entering the trial. Data were analysed with multiple logistic regression models stratified by gender, and adjusted for potential confounders. Regardless of gender high expectancies were a strong and significant predictor of return to work at 12 months, while high levels of job satisfaction were not a significant predictor. There were no differences in the levels of expectancies or overall job satisfaction between men and women. However, men had in general higher odds of returning to work compared with women. Among individuals with long lasting low back pain high expectancies of returning to work were strongly associated with successful return to work. We do not know what factors influence individual expectancies of return to work. Screening expectancies and giving individuals with low expectancies interventions with a goal to change expectancies of return to work, such as CBT or self-management interventions, may contribute to increase actual return to work. http://www.clinicaltrials.gov/ , with registration number NCT00463970 . The trial was registered at the 18th of April 2007.

  10. KINERJA KEUANGAN KONVENSIONAL, ECONOMIC VALUE ADDED, DAN RETURN SAHAM

    Directory of Open Access Journals (Sweden)

    Bambang Sudiyatno

    2011-09-01

    Full Text Available Penelitian ini bertujuan untuk menguji pengaruh kinerja keuangan konvensional; Return on Asset (ROA, Return on Equity (ROE, Residual Income (RI, dan kinerja keuangan yang lebih modern; Economic Value Added (EVA terhadap return saham pada perusahaan-perusahaan dalam industry makanan dan minuman yang terdaftar di Bursa Efek Indonesia. Pengambilan sampel dalam penelitian ini menggunakan metode sensus, karena semua perusahaan dalam industry makanan dan minuman digunakan sebagai sampel. Namun dalam proses samplingnya mengunakan metode purposive sampling, yaitu menggunakan sampel dengan criteria-kriteria tertentu. Hasil penelitian menunjukkan bahwa Return on Asset (ROA dan Residual Income (RI berpengaruh positif dan secara statistik signifikan terhadap return saham pada level signifikansi 1%. Sedangkan Return on Equity (ROE berpengaruh negative dan secara statistik signifikan terhadap return saham pada level signifikansi 10%, dan Economic Value Added (ERA berpengaruh positif tetapi tidak signifikan terhadap return saham.This study aims to test the effect of conventional financial performance i.e. Return on Asset (ROA, Return on Equity (ROE, Residual Income (RI, and the more modern financial performance which is Economic Value Added (EVA toward stock returns on companies in the food and beverage industry listed in Indonesia Stock Exchange. Sampling technique in this study uses the census method, all companies in the food and beverage industry are used as a sample. The process of sampling using purposive sampling method. The result shows that Return On Asset (ROA and Residual Income (RI are positive and statistic significant impact on the stock returns at significance level 1%. While the Return on Equity (ROE is negative and statistic significant impact on the stock returns at significance level 10%, Economic Value Added (EVA is positive and statistic not significant impact on the stock returns.

  11. The Determinants of Return Migration: Evidence for Kosovo

    Directory of Open Access Journals (Sweden)

    Ardiana Gashi

    2015-12-01

    Full Text Available Return migration represents a potentially important contributor to economic development for countries that are large exporters of labor. This paper provides an analysis of the determinants of return migration to Kosovo, a country with an especially high level of recent emigration. The findings of this investigation suggest that there is a non-linear relationship between the age of the migrant and their probability of returning. In addition, the more educated migrants and those that have acquired additional education whilst abroad are more likely to return, whereas recent migrants, those that possess permanent resident status and have their family abroad are less likely to return. As expected, the stronger the family ties of a migrant with their home country, the more likely they are to return. Finally, migrants that are expected to invest in businesses in Kosovo are more inclined to return. Together these findings suggest that return migration may be an important contributor to economic development in Kosovo and policies are outlined that could strengthen this contribution.

  12. Return Migration among Elderly, Chronically Ill Bosnian Refugees

    DEFF Research Database (Denmark)

    Handlos, Line Neerup; Olwig, Karen Fog; Bygbjerg, Ib Christian

    2015-01-01

    Elderly migrants constitute a considerable share of global return migration; nevertheless, literature on the health aspects of the return migration among these migrants is still scarce. This study explores the significance of return migration among elderly, chronically ill Bosnian refugees from D...... of illness, health did matter. Viewed as physical, social and mental well-being in line with WHO's definition of health, health was indeed one of the most important factors when the decision to return was made....... that physical health, in the sense of the absence of illness and easy access to necessary health-care services and medicines, was not highly prioritized when the decision was made whether or not to return. However, if health is regarded more broadly as involving more than mere physical health and the absence......Elderly migrants constitute a considerable share of global return migration; nevertheless, literature on the health aspects of the return migration among these migrants is still scarce. This study explores the significance of return migration among elderly, chronically ill Bosnian refugees from...

  13. Neutron-proton matrix element ratios of 21+ states in 58,60,62,64Ni

    International Nuclear Information System (INIS)

    Antalik, R.

    1989-01-01

    The neutron-proton matrix element ratios (η) for 2 1 + states of even Ni isotopes are investigated within the framework of the shell model quasiparticle random-phase approximation. The special attention is devoted to the dependence of η ratios on the radial neutron and proton ground-state density-distribution differences (Δ np ). This dependence is found to be about 0.5Δ np . The theoretical η ratios are 14-23% greater than the hydrodynamical limit. The theoretical Δ np dependence of η ratios enable us to understand the empirical η ratio results. 20 refs.; 2 figs.; 2 tabs

  14. Inter-Annual Variability of Fledgling Sex Ratio in King Penguins.

    Directory of Open Access Journals (Sweden)

    Célia Bordier

    Full Text Available As the number of breeding pairs depends on the adult sex ratio in a monogamous species with biparental care, investigating sex-ratio variability in natural populations is essential to understand population dynamics. Using 10 years of data (2000-2009 in a seasonally monogamous seabird, the king penguin (Aptenodytes patagonicus, we investigated the annual sex ratio at fledging, and the potential environmental causes for its variation. Over more than 4000 birds, the annual sex ratio at fledging was highly variable (ranging from 44.4% to 58.3% of males, and on average slightly biased towards males (51.6%. Yearly variation in sex-ratio bias was neither related to density within the colony, nor to global or local oceanographic conditions known to affect both the productivity and accessibility of penguin foraging areas. However, rising sea surface temperature coincided with an increase in fledging sex-ratio variability. Fledging sex ratio was also correlated with difference in body condition between male and female fledglings. When more males were produced in a given year, their body condition was higher (and reciprocally, suggesting that parents might adopt a sex-biased allocation strategy depending on yearly environmental conditions and/or that the effect of environmental parameters on chick condition and survival may be sex-dependent. The initial bias in sex ratio observed at the juvenile stage tended to return to 1∶1 equilibrium upon first breeding attempts, as would be expected from Fisher's classic theory of offspring sex-ratio variation.

  15. Inter-Annual Variability of Fledgling Sex Ratio in King Penguins.

    Science.gov (United States)

    Bordier, Célia; Saraux, Claire; Viblanc, Vincent A; Gachot-Neveu, Hélène; Beaugey, Magali; Le Maho, Yvon; Le Bohec, Céline

    2014-01-01

    As the number of breeding pairs depends on the adult sex ratio in a monogamous species with biparental care, investigating sex-ratio variability in natural populations is essential to understand population dynamics. Using 10 years of data (2000-2009) in a seasonally monogamous seabird, the king penguin (Aptenodytes patagonicus), we investigated the annual sex ratio at fledging, and the potential environmental causes for its variation. Over more than 4000 birds, the annual sex ratio at fledging was highly variable (ranging from 44.4% to 58.3% of males), and on average slightly biased towards males (51.6%). Yearly variation in sex-ratio bias was neither related to density within the colony, nor to global or local oceanographic conditions known to affect both the productivity and accessibility of penguin foraging areas. However, rising sea surface temperature coincided with an increase in fledging sex-ratio variability. Fledging sex ratio was also correlated with difference in body condition between male and female fledglings. When more males were produced in a given year, their body condition was higher (and reciprocally), suggesting that parents might adopt a sex-biased allocation strategy depending on yearly environmental conditions and/or that the effect of environmental parameters on chick condition and survival may be sex-dependent. The initial bias in sex ratio observed at the juvenile stage tended to return to 1∶1 equilibrium upon first breeding attempts, as would be expected from Fisher's classic theory of offspring sex-ratio variation.

  16. Corporate Governance and Equity Returns

    OpenAIRE

    Uchida, Shigeru

    2012-01-01

    This paper analyses the relationship between corporate governance and equity returns from the small investors view point. A primary survey has been conducted to gather the data required to examine the link. Preliminary result of the study shows that the four elements of governance: board structure, transparency, fairness and responsibility are positively related with equity returns.

  17. Effectiveness of Securities with Fuzzy Probabilistic Return

    Directory of Open Access Journals (Sweden)

    Krzysztof Piasecki

    2011-01-01

    Full Text Available The generalized fuzzy present value of a security is defined here as fuzzy valued utility of cash flow. The generalized fuzzy present value cannot depend on the value of future cash flow. There exists such a generalized fuzzy present value which is not a fuzzy present value in the sense given by some authors. If the present value is a fuzzy number and the future value is a random one, then the return rate is given as a probabilistic fuzzy subset on a real line. This kind of return rate is called a fuzzy probabilistic return. The main goal of this paper is to derive the family of effective securities with fuzzy probabilistic return. Achieving this goal requires the study of the basic parameters characterizing fuzzy probabilistic return. Therefore, fuzzy expected value and variance are determined for this case of return. These results are a starting point for constructing a three-dimensional image. The set of effective securities is introduced as the Pareto optimal set determined by the maximization of the expected return rate and minimization of the variance. Finally, the set of effective securities is distinguished as a fuzzy set. These results are obtained without the assumption that the distribution of future values is Gaussian. (original abstract

  18. 22 CFR 42.22 - Returning resident aliens.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Returning resident aliens. 42.22 Section 42.22... Returning resident aliens. (a) Requirements for returning resident status. An alien shall be classifiable as... presented that: (1) The alien had the status of an alien lawfully admitted for permanent residence at the...

  19. iPads in K-12 Schools: A Grounded Theory Study of Value

    Science.gov (United States)

    Townsend, Mary Beth

    2017-01-01

    This qualitative grounded theory study investigated the value of iPads in K-12 schools when used in one-to-one ratios. The purpose of the study was to understand the perspectives of teachers using iPads in one-to-one ratios for teaching and learning in the classroom and administrators responsible for the implementation of these devices. The…

  20. Going to Ground(s: The War Correspondent’s Memoir

    Directory of Open Access Journals (Sweden)

    Christopher P. Wilson

    2015-03-01

    Full Text Available This essay considers two memoirs by leading American war correspondents: Stephen Crane’s memoir of the Spanish-American War, “War Memories” (1899, and Dexter Filkins’s account of the US occupation of Iraq, The Forever War (2003. But it also considers the archive of news dispatches behind both books: the news reports that come to “ground” and authorize the memoir in the first place. By “going to ground,” in addition, this essay examines both the interpretive and discursive networks that often migrate from news writing to retrospective chronicle, and the particular situation of returning to the home front that reframes those accounts. Thanks to the work of William Appleman Williams, Amy Kaplan, Elizabeth Samet, Robert Westbrook, and others, we’ve often tried to think about the reciprocity of the imperial and domestic fronts—to recognize, for instance, that reports of war often work in concert with home front ideas about national sovereignty, “foreign influence,” or citizens’ political obligation and socialization. This essay explores what it is about domestic fronts that contains and often silences the news the correspondent brings home. Moreover, it considers how war correspondents’ memoirs reconfigure these home fronts in transnational and intranational terms.

  1. Return currents in solar flares - Collisionless effects

    Science.gov (United States)

    Rowland, H. L.; Vlahos, L.

    1985-01-01

    If the primary, precipitating electrons in a solar flare are unstable to beam plasma interactions, it is shown that strong Langmuir turbulence can seriously modify the way in which a return current is carried by the background plasma. In particular, the return (or reverse) current will not be carried by the bulk of the electrons, but by a small number of high velocity electrons. For beam/plasma densities greater than 0.01, this can reduce the effects of collisions on the return current. For higher density beams where the return current could be unstable to current driven instabilities, the effects of strong turbulence anomalous resistivity is shown to prevent the appearance of such instabilities. Again in this regime, how the return current is carried is determined by the beam generated strong turbulence.

  2. Value at Risk and Hedge Fund Return - Does High Risk Bring High Return?

    OpenAIRE

    Jing, Tao; Zhao, Hongxiang

    2010-01-01

    This paper mainly focuses on the correlation between live hedge fund return and their value at risk (VaR), and is based on the historical data from May 2000 to April 2010. The authors adopt portfolio level analyses and fund level cross-sectional regression, and find that there is significant positive correlation, both statistically and economically, between the hedge fund return and VaRs (parametric, non-parametric and GARCH). Further research is conducted by sub-dividing the overall period i...

  3. Work factors associated with return to work in out-of-hospital cardiac arrest survivors.

    Science.gov (United States)

    Descatha, Alexis; Dumas, Florence; Bougouin, Wulfran; Cariou, Alain; Geri, Guillaume

    2018-07-01

    Although the survival rate after out-of-hospital cardiac arrest (OHCA) has increased over time, little is known about the return to work of OHCA survivors. We aim to evaluate prevalence and factors associated with return to work (RTW) in OHCA survivors. All consecutive OHCA survivors aged 18-65 years and discharged alive from a Paris tertiary intensive care unit between 2000 and 2013 were included. Pre-hospital care, in-hospital care, and after-hospital discharge data, such as work description (work location, job classification, nature of the job) were compared relative to work status and RTW. Factors associated with RTW were evaluated using multivariable logistic regression. 153 OHCA survivors were included in the analysis. Among them, 96 (62.8%) returned to work an average of 714 days after OHCA (SD 1031); mostly to the same job (n = 72, 75%). Six patients changed jobs (4%) and 12 reduced their activity (10.6%). Factors associated with RTW were younger age (adjusted odds ratio (aOR) 3.64 [1.10; 12.02]), being managers and professionals, and service and sales workers (compared to technicians and associate professionals, clerical support workers, respectively aOR 3.43 [1.05; 11.22] and 4.69 [1.14; 19.37]), and workplace occurrence (aOR 11.72 [1.37; 99.93]). Two thirds of OHCA survivors, in the present study, returned to work. Patients with a higher-level job, and with the arrest occurring in the workplace, were more likely to return to work. Further research should include more details of job contents, evolution, financial consequences, as well as prevention practices related to work location. Copyright © 2018 Elsevier B.V. All rights reserved.

  4. Return to work in sick-listed cancer survivors with job loss: design of a randomised controlled trial.

    Science.gov (United States)

    van Egmond, Martine P; Duijts, Saskia F A; Vermeulen, Sylvia J; van der Beek, Allard J; Anema, Johannes R

    2015-02-18

    Despite long-term or permanent health problems, cancer survivors are often motivated to return to work. For cancer survivors who have lost their job, return to work can be more challenging compared to employed survivors, as they generally find themselves in a more vulnerable social and financial position. Cancer survivors with job loss may therefore be in need of tailored return to work support. However, there is a lack of return to work intervention programs specifically targeting these cancer survivors. The number of cancer survivors with job loss in developed countries is rising due to, amongst others, increases in the incidence and survivor rate of cancer, the retirement age and the proportion of flexible employment contracts. Hence, we consider it important to develop a tailored return to work intervention program for cancer survivors with job loss, and to evaluate its effectiveness compared to usual care. This study employs a two-armed randomised controlled trial with a follow-up period of 12 months. The study population (n = 164) will be recruited from a national sample of cancer survivors (18-60 years), who have been sick-listed for 12-36 months. Participants will be randomised by using computerized blocked randomisation (blocks of four). All participants will receive usual care as provided by the Dutch Social Security Agency. Additionally, participants in the intervention group will receive a tailored return to work intervention program, which includes vocational rehabilitation and supportive psychosocial components, as well as (therapeutic) placement at work. The primary outcome measure is duration until sustainable return to work; the secondary outcome measure is rate of return to work. Other parameters include, amongst others, fatigue, coping strategy and quality of life. We will perform Cox regression analyses to estimate hazard ratios for time to sustainable return to work. The hypothesis of this study is that a tailored approach for cancer

  5. Mars Earth Return Vehicle (MERV) Propulsion Options

    Science.gov (United States)

    Oleson, Steven R.; McGuire, Melissa L.; Burke, Laura; Fincannon, James; Warner, Joe; Williams, Glenn; Parkey, Thomas; Colozza, Tony; Fittje, Jim; Martini, Mike; hide

    2010-01-01

    The COMPASS Team was tasked with the design of a Mars Sample Return Vehicle. The current Mars sample return mission is a joint National Aeronautics and Space Administration (NASA) and European Space Agency (ESA) mission, with ESA contributing the launch vehicle for the Mars Sample Return Vehicle. The COMPASS Team ran a series of design trades for this Mars sample return vehicle. Four design options were investigated: Chemical Return /solar electric propulsion (SEP) stage outbound, all-SEP, all chemical and chemical with aerobraking. The all-SEP and Chemical with aerobraking were deemed the best choices for comparison. SEP can eliminate both the Earth flyby and the aerobraking maneuver (both considered high risk by the Mars Sample Return Project) required by the chemical propulsion option but also require long low thrust spiral times. However this is offset somewhat by the chemical/aerobrake missions use of an Earth flyby and aerobraking which also take many months. Cost and risk analyses are used to further differentiate the all-SEP and Chemical/Aerobrake options.

  6. Linkage between company scores and stock returns

    Directory of Open Access Journals (Sweden)

    Saban Celik

    2017-12-01

    Full Text Available Previous studies on company scores conducted at firm-level, generally concluded that there exists a positive relation between company scores and stock returns. Motivated by these studies, this study examines the relationship between company scores (Corporate Governance Score, Economic Score, Environmental Score, and Social Score and stock returns, both at portfolio-level analysis and firm-level cross-sectional regressions. In portfolio-level analysis, stocks are sorted based on each company scores and quintile portfolio are formed with different levels of company scores. Then, existence and significance of raw returns and risk-adjusted returns difference between portfolios with the extreme company scores (portfolio 10 and portfolio 1 is tested. In addition, firm-level cross-sectional regression is performed to examine the significance of company scores effects with control variables. While portfolio-level analysis results indicate that there is no significant relation between company scores and stock returns; firm-level analysis indicates that economic, environmental, and social scores have effect on stock returns, however, significance and direction of these effects change, depending on the included control variables in the cross-sectional regression.

  7. Recent Advances in Observations of Ground-level Auroral Kilometric Radiation

    Science.gov (United States)

    Labelle, J. W.; Ritter, J.; Pasternak, S.; Anderson, R. R.; Kojima, H.; Frey, H. U.

    2011-12-01

    events observed coincidentally at ground level and on the Geotail spacecraft, including several events detected at multiple ground stations, will provide a measurements of the ratio of the ground level intensity to that observed on the satellite, with the latter adjusted for distance. This ratio of intensities, not well-determined from the original three events [LaBelle and Anderson, 2011], places an important constraint on the generation mechanism. Reference: LaBelle, J., and R.R. Anderson (2011), Ground-level detection of Auroral Kilometric Radiation, Geophys. Res. Lett., 38, L04104, doi:10.1029/2010GL046411.

  8. Three-dimensional stereo by photometric ratios

    International Nuclear Information System (INIS)

    Wolff, L.B.; Angelopoulou, E.

    1994-01-01

    We present a methodology for corresponding a dense set of points on an object surface from photometric values for three-dimensional stereo computation of depth. The methodology utilizes multiple stereo pairs of images, with each stereo pair being taken of the identical scene but under different illumination. With just two stereo pairs of images taken under two different illumination conditions, a stereo pair of ratio images can be produced, one for the ratio of left-hand images and one for the ratio of right-hand images. We demonstrate how the photometric ratios composing these images can be used for accurate correspondence of object points. Object points having the same photometric ratio with respect to two different illumination conditions constitute a well-defined equivalence class of physical constraints defined by local surface orientation relative to illumination conditions. We formally show that for diffuse reflection the photometric ratio is invariant to varying camera characteristics, surface albedo, and viewpoint and that therefore the same photometric ratio in both images of a stereo pair implies the same equivalence class of physical constraints. The correspondence of photometric ratios along epipolar lines in a stereo pair of images under different illumination conditions is a correspondence of equivalent physical constraints, and the determination of depth from stereo can be performed. Whereas illumination planning is required, our photometric-based stereo methodology does not require knowledge of illumination conditions in the actual computation of three-dimensional depth and is applicable to perspective views. This technique extends the stereo determination of three-dimensional depth to smooth featureless surfaces without the use of precisely calibrated lighting. We demonstrate experimental depth maps from a dense set of points on smooth objects of known ground-truth shape, determined to within 1% depth accuracy

  9. Infrasonic induced ground motions

    Science.gov (United States)

    Lin, Ting-Li

    On January 28, 2004, the CERI seismic network recorded seismic signals generated by an unknown source. Our conclusion is that the acoustic waves were initiated by an explosive source near the ground surface. The meteorological temperature and effective sound speed profiles suggested existence of an efficient near-surface waveguide that allowed the acoustic disturbance to propagate to large distances. An explosion occurring in an area of forest and farms would have limited the number of eyewitnesses. Resolution of the source might be possible by experiment or by detailed analysis of the ground motion data. A seismo-acoustic array was built to investigate thunder-induced ground motions. Two thunder events with similar N-wave waveforms but different horizontal slownesses are chosen to evaluate the credibility of using thunder as a seismic source. These impulsive acoustic waves excited P and S reverberations in the near surface that depend on both the incident wave horizontal slowness and the velocity structure in the upper 30 meters. Nineteen thunder events were chosen to further investigate the seismo-acoustic coupling. The consistent incident slowness differences between acoustic pressure and ground motions suggest that ground reverberations were first initiated somewhat away from the array. Acoustic and seismic signals were used to generate the time-domain transfer function through the deconvolution technique. Possible non-linear interaction for acoustic propagation into the soil at the surface was observed. The reverse radial initial motions suggest a low Poisson's ratio for the near-surface layer. The acoustic-to-seismic transfer functions show a consistent reverberation series of the Rayleigh wave type, which has a systematic dispersion relation to incident slownesses inferred from the seismic ground velocity. Air-coupled Rayleigh wave dispersion was used to quantitatively constrain the near-surface site structure with constraints afforded by near-surface body

  10. EFISIENSI PERBANKAN DI INDONESIA DAN PENGARUHNYA TERHADAP RETURN SAHAM DENGAN PENDEKATAN DATA ENVELOPMENT ANALYSIS ( DEA

    Directory of Open Access Journals (Sweden)

    Rina Sari Qurniawati

    2014-06-01

    Full Text Available The purpose of this study was to analyze bank efficiency listed in Indonesia Stock Exchange (IDX and to empirically determine the effect of bank efficiency listed in BEI toward stock performance reflected in stock returns. The sampling is bank listed in IDX from 2004 until 2008. DEA is used to measure the bank efficiency from each Decision Making Units  (DMUs,which is obtained as the maximum weight ratio of outputs and inputs. The result of banks efficiency using DEA approach indicated that most of Bank in Indonesia is efficient. Only 6 banks from 16 banks which have not yet reached the efficiency score over the 5 years. Meanwhile, the regression test did not revealed any effect of the bank efficiency in Indonesia toward stock return.

  11. Inactive nurses in Taiwan: human capital, intention to return to hospital nursing, and incentives for returning.

    Science.gov (United States)

    Yu, Hsing-Yi; Tang, Fu-In; Chen, I-Ju; Yin, Teresa J C; Chen, Chu-Chieh; Yu, Shu

    2016-04-01

    To investigate inactive nurses' human capital, intention to return to hospital nursing and incentives for returning. Few studies have discussed the loss of human capital with regard to inactive nurses and how to attract them to return to clinical work. Systematic random sampling was used, with 328 subjects completing the mailed questionnaires, resulting in a response rate of 25.4%. Inactive nurses not only had moderate to high human capital (average years of nursing experience was 10.29, with moderate to high levels of nursing professional commitment and nursing competence) and were young. Forty-three percent of subjects reported intending to return to hospital nursing. Sufficient nurse staffing, greater safety in the working environment, and re-entry preparation programmes were incentives for returning. Recruiting inactive nurses back to hospital work is vital and feasible as inactive nurses had a moderate to high degree of human capital. The most feasible way is offering reasonable working conditions, in particular, providing sufficient staffing, a safe working environment and re-entry preparation programmes. The findings confirm the human capital of inactive nurses and provide concrete directions for nursing managers to follow when recruiting inactive nurses to hospital nursing. © 2015 John Wiley & Sons Ltd.

  12. Comparative study on DuPont analysis and DEA models for measuring stock performance using financial ratio

    Science.gov (United States)

    Arsad, Roslah; Shaari, Siti Nabilah Mohd; Isa, Zaidi

    2017-11-01

    Determining stock performance using financial ratio is challenging for many investors and researchers. Financial ratio can indicate the strengths and weaknesses of a company's stock performance. There are five categories of financial ratios namely liquidity, efficiency, leverage, profitability and market ratios. It is important to interpret the ratio correctly for proper financial decision making. The purpose of this study is to compare the performance of listed companies in Bursa Malaysia using Data Envelopment Analysis (DEA) and DuPont analysis Models. The study is conducted in 2015 involving 116 consumer products companies listed in Bursa Malaysia. The estimation method of Data Envelopment Analysis computes the efficiency scores and ranks the companies accordingly. The Alirezaee and Afsharian's method of analysis based Charnes, Cooper and Rhodes (CCR) where Constant Return to Scale (CRS) is employed. The DuPont analysis is a traditional tool for measuring the operating performance of companies. In this study, DuPont analysis is used to evaluate three different aspects such as profitability, efficiency of assets utilization and financial leverage. Return on Equity (ROE) is also calculated in DuPont analysis. This study finds that both analysis models provide different rankings of the selected samples. Hypothesis testing based on Pearson's correlation, indicates that there is no correlation between rankings produced by DEA and DuPont analysis. The DEA ranking model proposed by Alirezaee and Asharian is unstable. The method cannot provide complete ranking because the values of Balance Index is equal and zero.

  13. Exploring Longitudinal Risk-return Relationships

    DEFF Research Database (Denmark)

    Andersen, Torben J.; Bettis, Richard A.

    2015-01-01

    We study a longitudinal fit model of adaptation and its association with the longitudinal risk-return relationship. The model allows the firm to adjust its position in response to partial learning about a changing environment characterized by two path-dependent processes—a random walk and a stoch......We study a longitudinal fit model of adaptation and its association with the longitudinal risk-return relationship. The model allows the firm to adjust its position in response to partial learning about a changing environment characterized by two path-dependent processes—a random walk...... can lead to the inverse longitudinal risk-return relationships observed empirically. We discuss this apparent paradox and the possible resolution between mindless and conscious behavior as plausible causes of the longitudinal Bowman Paradox....

  14. Efficient prediction of ground noise from helicopters and parametric studies based on acoustic mapping

    Directory of Open Access Journals (Sweden)

    Fei WANG

    2018-02-01

    Full Text Available Based on the acoustic mapping, a prediction model for the ground noise radiated from an in-flight helicopter is established. For the enhancement of calculation efficiency, a high-efficiency second-level acoustic radiation model capable of taking the influence of atmosphere absorption on noise into account is first developed by the combination of the point-source idea and the rotor noise radiation characteristics. The comparison between the present model and the direct computation method of noise is done and the high efficiency of the model is validated. Rotor free-wake analysis method and Ffowcs Williams-Hawkings (FW-H equation are applied to the aerodynamics and noise prediction in the present model. Secondly, a database of noise spheres with the characteristic parameters of advance ratio and tip-path-plane angle is established by the helicopter trim model together with a parametric modeling approach. Furthermore, based on acoustic mapping, a method of rapid simulation for the ground noise radiated from an in-flight helicopter is developed. The noise footprint for AH-1 rotor is then calculated and the influence of some parameters including advance ratio and flight path angle on ground noise is deeply analyzed using the developed model. The results suggest that with the increase of advance ratio and flight path angle, the peak noise levels on the ground first increase and then decrease, in the meantime, the maximum Sound Exposure Level (SEL noise on the ground shifts toward the advancing side of rotor. Besides, through the analysis of the effects of longitudinal forces on miss-distance and rotor Blade-Vortex Interaction (BVI noise in descent flight, some meaningful results for reducing the BVI noise on the ground are obtained. Keywords: Acoustic mapping, Helicopter, Noise footprint, Rotor noise, Second-level acoustic radiation model

  15. Return to nucleate boiling

    International Nuclear Information System (INIS)

    Shumway, R.W.

    1985-01-01

    This paper presents a collection of TMIN (temperature of return to nucleate boiling) correlations, evaluates them under several conditions, and compares them with a wide range of data. Purpose is to obtain the best one for use in a water reactor safety computer simulator known as TRAC-B. Return to nucleate boiling can occur in a reactor accident at either high or low pressure and flow rates. Most of the correlations yield unrealistic results under some conditions. A new correlation is proposed which overcomes many of the deficiencies

  16. Different forms, reasons and motivations for return migration of persons who voluntarily decide to return to their countries of origin.

    Science.gov (United States)

    Callea, S

    1986-03-01

    Although the 1973 oil crisis did not have the drastic effects on immigration which were originally feared, it did end a period of quasi-liberal immigration policy, establish intense and effective international cooperation on immigration, and arouse great interest in immigration studies and research. This paper analyzes the situations arising as a result of the petroleum shortage and focuses on the conditions relating to the return of emigrants to Southern European countries. This new research draws attention to the following fundamental aspects of the immigration problem: 1) the emigrant's return to his homeland cannot be considered a factor in development; it is a positive element in development only if the right socioeconomic conditions exist in the country of origin. 2) Concern for children's education is one of the most common reasons for return. 3) A large percentage of emigrants are satisfied with their work abroad. 4) An emigrant's return potential is wasted due to the slight use that is made of the resources he offers. 5) Returning workers most often want to set up an independent enterprise. 6) Savings are generally used to buy a house or farm. 7) Vocational level does not increase significantly between emigration and returning, though this increase becomes greater the longer the emigrant stays abroad. 8) The number of returning emigrants is too slight to bring about any change in the country of origin. 9) Incentives and subsidies to encourage return have not had a considerable impact on the decision to return. Callea recommends that officials of the country of origin posted abroad be assigned to counsel returning emigrants on finding employment, attending vocational development courses, obtaining housing, accruing interests and savings, and on the problems and perspectives of sociocultural reintegration.

  17. Going All In: Unfavorable Sex Ratios Attenuate Choice Diversification.

    Science.gov (United States)

    Ackerman, Joshua M; Maner, Jon K; Carpenter, Stephanie M

    2016-06-01

    When faced with risky decisions, people typically choose to diversify their choices by allocating resources across a variety of options and thus avoid putting "all their eggs in one basket." The current research revealed that this tendency is reversed when people face an important cue to mating-related risk: skew in the operational sex ratio, or the ratio of men to women in the local environment. Counter to the typical strategy of choice diversification, findings from four studies demonstrated that the presence of romantically unfavorable sex ratios (those featuring more same-sex than opposite-sex individuals) led heterosexual people to diversify financial resources less and instead concentrate investment in high-risk/high-return options when making lottery, stock-pool, retirement-account, and research-funding decisions. These studies shed light on a key process by which people manage risks to mating success implied by unfavorable interpersonal environments. These choice patterns have important implications for mating behavior as well as other everyday forms of decision making. © The Author(s) 2016.

  18. MANAJEMEN LABA, RETURN SAHAM, DAN KINERJA OPERASI SEBAGAI PEMODERASI

    Directory of Open Access Journals (Sweden)

    Farid Addy Sumantri

    2017-09-01

    Full Text Available The purpose of this study was to determine the indications of the practice of earnings management at the time of the IPO, one year after the IPO, and two years after the IPO. This study also examined the effect of earnings management on stock returns and operating performance in moderating the relationship between earnings management and stock returns. The study sample comprised 33 firms that go public in the year 2007 to 2011 using a purposive sampling method. Earnings management is proxied by discretionary accruals using the Modified Jones Model, which used proxy for the stock return is cummulative abnormal returns (CAR, while for the company's operating performance used proxy for the return on assets (ROA. The results showed that there were indications of earnings management at the time of the IPO, one year after the IPO, and two years after the IPO with a lower profit rate. No effect on earnings management is proxied by stock return cummulative abnormal returns (CAR. Operating performance of the company also can not moderate the relationship between earnings management with stock return.   Keywords: Earning Management, Initial Public Offering, Cummulative Abnormal Return, Return On Asset

  19. Combining tracer flux ratio methodology with low-flying aircraft measurements to estimate dairy farm CH4 emissions

    Science.gov (United States)

    Daube, C.; Conley, S.; Faloona, I. C.; Yacovitch, T. I.; Roscioli, J. R.; Morris, M.; Curry, J.; Arndt, C.; Herndon, S. C.

    2017-12-01

    Livestock activity, enteric fermentation of feed and anaerobic digestion of waste, contributes significantly to the methane budget of the United States (EPA, 2016). Studies question the reported magnitude of these methane sources (Miller et. al., 2013), calling for more detailed research of agricultural animals (Hristov, 2014). Tracer flux ratio is an attractive experimental method to bring to this problem because it does not rely on estimates of atmospheric dispersion. Collection of data occurred during one week at two dairy farms in central California (June, 2016). Each farm varied in size, layout, head count, and general operation. The tracer flux ratio method involves releasing ethane on-site with a known flow rate to serve as a tracer gas. Downwind mixed enhancements in ethane (from the tracer) and methane (from the dairy) were measured, and their ratio used to infer the unknown methane emission rate from the farm. An instrumented van drove transects downwind of each farm on public roads while tracer gases were released on-site, employing the tracer flux ratio methodology to assess simultaneous methane and tracer gas plumes. Flying circles around each farm, a small instrumented aircraft made measurements to perform a mass balance evaluation of methane gas. In the course of these two different methane quantification techniques, we were able to validate yet a third method: tracer flux ratio measured via aircraft. Ground-based tracer release rates were applied to the aircraft-observed methane-to-ethane ratios, yielding whole-site methane emission rates. Never before has the tracer flux ratio method been executed with aircraft measurements. Estimates from this new application closely resemble results from the standard ground-based technique to within their respective uncertainties. Incorporating this new dimension to the tracer flux ratio methodology provides additional context for local plume dynamics and validation of both ground and flight-based data.

  20. Determinants of the return to hometowns after the accident at Fukushima Dai-ichi nuclear power plant: A case study for the village of Kawauchi

    International Nuclear Information System (INIS)

    Orita, M.; Hayashida, N.; Urata, H.; Shinkawa, T.; Endo, Y.; Takamura, N.

    2013-01-01

    The Great East Japan Earthquake in March 2011 destroyed the Fukushima Dai-ichi Nuclear Power Plant (FNPP) and almost all residents in a 20 km radius from the plant eventually evacuated. FNPP reactors were stabilised in December 2011; some evacuees decided to return to their hometowns, and the other evacuees remained. Efforts were made to identify the determinants that affect the decision to return home in order to promote recovery of the surrounding area of FNPP. Seventy one residents who had not returned to hometown and 56 residents who had returned were selected. Logistic regression analysis adjusted for confounding factors showed that being female [odds ratio (OR): 2.43, p=50.03], living in areas with relatively higher ambient doses (OR: 3.60, p=50.01) and expressing anxiety over radiation exposure (OR: 8.91, p < 0.01) were independently associated with decisions not to return. Results of this study suggest the importance of active participation by scientists and local authorities in communicating the risk to the general population involved in returning home. (authors)

  1. Evaluation of the return rate of volunteer blood donors

    Directory of Open Access Journals (Sweden)

    Adriana de Fátima Lourençon

    2011-06-01

    Full Text Available BACKGROUND: To convert first-time blood donors into regular volunteer donors is a challenge to transfusion services. OBJECTIVES: This study aims to estimate the return rate of first time donors of the Ribeirão Preto Blood Center and of other blood centers in its coverage region. METHODS: The histories of 115,553 volunteer donors between 1996 and 2005 were analyzed. Statistical analysis was based on a parametric long-term survival model that allows an estimation of the proportion of donors who never return for further donations. RESULTS: Only 40% of individuals return within one year after the first donation and 53% return within two years. It is estimated that 30% never return to donate. Higher return rates were observed among Black donors. No significant difference was found in non-return rates regarding gender, blood type, Rh blood group and blood collection unit. CONCLUSIONS: The low percentage of first-time donors who return for further blood donation reinforces the need for marketing actions and strategies aimed at increasing the return rates.

  2. Return migration as failure or success? : The determinants of return migration intentions among Moroccan migrants in Europe

    NARCIS (Netherlands)

    de Haas, H.; Fokkema, T.; Fihri, M.F.

    2015-01-01

    Different migration theories generate competing hypotheses with regard to determinants of return migration. While neoclassical migration theory associates migration to the failure to integrate at the destination, the new economics of labour migration sees return migration as the logical stage after

  3. The efficiency of the crude oil markets: Evidence from variance ratio tests

    Energy Technology Data Exchange (ETDEWEB)

    Charles, Amelie, E-mail: acharles@audencia.co [Audencia Nantes, School of Management, 8 route de la Joneliere, 44312 Nantes (France); Darne, Olivier, E-mail: olivier.darne@univ-nantes.f [LEMNA, University of Nantes, IEMN-IAE, Chemin de la Censive du Tertre, 44322 Nantes (France)

    2009-11-15

    This study examines the random walk hypothesis for the crude oil markets, using daily data over the period 1982-2008. The weak-form efficient market hypothesis for two crude oil markets (UK Brent and US West Texas Intermediate) is tested with non-parametric variance ratio tests developed by [Wright J.H., 2000. Alternative variance-ratio tests using ranks and signs. Journal of Business and Economic Statistics, 18, 1-9] and [Belaire-Franch J. and Contreras D., 2004. Ranks and signs-based multiple variance ratio tests. Working paper, Department of Economic Analysis, University of Valencia] as well as the wild-bootstrap variance ratio tests suggested by [Kim, J.H., 2006. Wild bootstrapping variance ratio tests. Economics Letters, 92, 38-43]. We find that the Brent crude oil market is weak-form efficiency while the WTI crude oil market seems to be inefficiency on the 1994-2008 sub-period, suggesting that the deregulation have not improved the efficiency on the WTI crude oil market in the sense of making returns less predictable.

  4. The efficiency of the crude oil markets. Evidence from variance ratio tests

    International Nuclear Information System (INIS)

    Charles, Amelie; Darne, Olivier

    2009-01-01

    This study examines the random walk hypothesis for the crude oil markets, using daily data over the period 1982-2008. The weak-form efficient market hypothesis for two crude oil markets (UK Brent and US West Texas Intermediate) is tested with non-parametric variance ratio tests developed by [Wright J.H., 2000. Alternative variance-ratio tests using ranks and signs. Journal of Business and Economic Statistics, 18, 1-9] and [Belaire-Franch J. and Contreras D., 2004. Ranks and signs-based multiple variance ratio tests. Working paper, Department of Economic Analysis, University of Valencia] as well as the wild-bootstrap variance ratio tests suggested by [Kim, J.H., 2006. Wild bootstrapping variance ratio tests. Economics Letters, 92, 38-43]. We find that the Brent crude oil market is weak-form efficiency while the WTI crude oil market seems to be inefficiency on the 1994-2008 sub-period, suggesting that the deregulation have not improved the efficiency on the WTI crude oil market in the sense of making returns less predictable. (author)

  5. The efficiency of the crude oil markets. Evidence from variance ratio tests

    Energy Technology Data Exchange (ETDEWEB)

    Charles, Amelie [Audencia Nantes, School of Management, 8 route de la Joneliere, 44312 Nantes (France); Darne, Olivier [LEMNA, University of Nantes, IEMN-IAE, Chemin de la Censive du Tertre, 44322 Nantes (France)

    2009-11-15

    This study examines the random walk hypothesis for the crude oil markets, using daily data over the period 1982-2008. The weak-form efficient market hypothesis for two crude oil markets (UK Brent and US West Texas Intermediate) is tested with non-parametric variance ratio tests developed by [Wright J.H., 2000. Alternative variance-ratio tests using ranks and signs. Journal of Business and Economic Statistics, 18, 1-9] and [Belaire-Franch J. and Contreras D., 2004. Ranks and signs-based multiple variance ratio tests. Working paper, Department of Economic Analysis, University of Valencia] as well as the wild-bootstrap variance ratio tests suggested by [Kim, J.H., 2006. Wild bootstrapping variance ratio tests. Economics Letters, 92, 38-43]. We find that the Brent crude oil market is weak-form efficiency while the WTI crude oil market seems to be inefficiency on the 1994-2008 sub-period, suggesting that the deregulation have not improved the efficiency on the WTI crude oil market in the sense of making returns less predictable. (author)

  6. ACL Return to Sport Guidelines and Criteria.

    Science.gov (United States)

    Davies, George J; McCarty, Eric; Provencher, Matthew; Manske, Robert C

    2017-09-01

    Because of the epidemiological incidence of anterior cruciate ligament (ACL) injuries, the high reinjury rates that occur when returning back to sports, the actual number of patients that return to the same premorbid level of competition, the high incidence of osteoarthritis at 5-10-year follow-ups, and the effects on the long-term health of the knee and the quality of life for the patient, individualizing the return to sports after ACL reconstruction (ACL-R) is critical. However, one of the challenging but unsolved dilemmas is what criteria and clinical decision making should be used to return an athlete back to sports following an ACL-R. This article describes an example of a functional testing algorithm (FTA) as one method for clinical decision making based on quantitative and qualitative testing and assessment utilized to make informed decisions to return an athlete to their sports safely and without compromised performance. The methods were a review of the best current evidence to support a FTA. In order to evaluate all the complicated domains of the clinical decision making for individualizing the return to sports after ACL-R, numerous assessments need to be performed including the biopsychosocial concepts, impairment testing, strength and power testing, functional testing, and patient-reported outcomes (PROs). The optimum criteria to use for individualizing the return to sports after ACL-R remain elusive. However, since this decision needs to be made on a regular basis with the safety and performance factors of the patient involved, this FTA provides one method of quantitatively and qualitatively making the decisions. Admittedly, there is no predictive validity of this system, but it does provide practical guidelines to facilitate the clinical decision making process for return to sports. The clinical decision to return an athlete back into competition has significant implications ranging from the safety of the athlete, to performance factors and actual

  7. Global Variance Risk Premium and Forex Return Predictability

    OpenAIRE

    Aloosh, Arash

    2014-01-01

    In a long-run risk model with stochastic volatility and frictionless markets, I express expected forex returns as a function of consumption growth variances and stock variance risk premiums (VRPs)—the difference between the risk-neutral and statistical expectations of market return variation. This provides a motivation for using the forward-looking information available in stock market volatility indices to predict forex returns. Empirically, I find that stock VRPs predict forex returns at a ...

  8. Evaluation of ground-water quality in the Santa Maria Valley, California

    Science.gov (United States)

    Hughes, Jerry L.

    1977-01-01

    The quality and quantity of recharge to the Santa Maria Valley, Calif., ground-water basin from natural sources, point sources, and agriculture are expressed in terms of a hydrologic budget, a solute balance, and maps showing the distribution of select chemical constituents. Point sources includes a sugar-beet refinery, oil refineries, stockyards, golf courses, poultry farms, solid-waste landfills, and municipal and industrial wastewater-treatment facilities. Pumpage has exceeded recharge by about 10,000 acre-feet per year. The result is a declining potentiometric surface with an accumulation of solutes and an increase in nitrogen in ground water. Nitrogen concentrations have reached as much as 50 milligrams per liter. In comparison to the solutes from irrigation return, natural recharge, and rain, discharge of wastewater from municipal and industrial wastewater-treatment facilities contributes less than 10 percent. The quality of treated wastewater is often lower in select chemical constituents than the receiving water. (Woodard-USGS)

  9. The "toxic dose" of system problems: why some injured workers don't return to work as expected.

    Science.gov (United States)

    MacEachen, Ellen; Kosny, Agnieszka; Ferrier, Sue; Chambers, Lori

    2010-09-01

    Introduction Most workers who incur an injury on the job follow a relatively straightforward path through a workers' compensation claim, recovery and return to work. However, a minority of compensation claims is prolonged and can be disproportionately costly. We conducted this qualitative study in order to gain an understanding of systemic, process-related problems affecting injured workers who had failed to return to work as expected. Method A total of 69 in-depth interviews were conducted with injured workers with complex and extended workers' compensation claims and with return-to-work (RTW) providers such as health care providers, insurers, legal advisors, and workplaces. The study was based in Ontario, Canada. A modified grounded theory analysis led to the identification of common mechanisms in RTW problems. Results We identify problems with return to work and extended workers' compensation claims in dysfunctions in organizational dynamics across RTW systems including the workplace, healthcare, vocational rehabilitation and workers' compensation. These system problems are difficult to identify because they appear as relatively mundane and bureaucratic. These appeared to have damaging effects on workers in the form of a 'toxic dose' affecting the worker beyond the initial injury. Conclusions Worker's problems with extended claims were linked to RTW policies that did not easily accommodate conflict or power imbalances among RTW parties and by social relations and processes that impeded communication about RTW situations and problems. Avenues for intervention are located in a shift to a critical lens to RTW process that addresses differences of knowledge, resources, and interests among different parties.

  10. Formation of the portfolio of high-rise construction projects on the basis of optimization of «risk-return» rate

    Science.gov (United States)

    Uvarova, Svetlana; Kutsygina, Olga; Smorodina, Elena; Gumba, Khuta

    2018-03-01

    The effectiveness and sustainability of an enterprise are based on the effectiveness and sustainability of its portfolio of projects. When creating a production program for a construction company based on a portfolio of projects and related to the planning and implementation of initiated organizational and economic changes, the problem of finding the optimal "risk-return" ratio of the program (portfolio of projects) is solved. The article proposes and approves the methodology of forming a portfolio of enterprise projects on the basis of the correspondence principle. Optimization of the portfolio of projects on the criterion of "risk-return" also contributes to the company's sustainability.

  11. Integrated volarization of spent coffee grounds to biofuels

    Directory of Open Access Journals (Sweden)

    Mebrahtu Haile

    2014-06-01

    Full Text Available Biodiesel is a renewable energy source produced from natural oils and fats, and is being used as a substitute for petroleum diesel. The aim of this study was to investigate the potential of using spent coffee grounds for biodiesel production and its by-products to produce pelletized fuel, which is expected to help the biodiesel production process achieve zero waste. For this experiment, spent coffee grounds sample was collected from Kaldis coffee, Addis Ababa, Ethiopia. Extraction of the spent coffee grounds oil was then conducted using n-hexane, ether and mixture of isopropanol to hexane ratio (50:50 %vol, and resulted in oil yield of 15.6, 17.5 and 21.5 %w/w respectively. A two-step process was used in biodiesel production with conversion of about 82 %w/w. The biodiesel quality parameters were evaluated using the American Standard for Testing Material (ASTM D 6751. The major fatty acid compositions found by Gas chromatography were linoleic acid (37.6%, palmitic acid (39.8%, oleic (11.7%, and stearic acid (8.6%. In addition, solid waste remaining after oil extraction and glycerin ratio (glycerin content from 20-40% was evaluated for fuel pellet (19.3-21.6 MJ/Kg applications. Therefore, the results of this work could offer a new perspective to the production of biofuel from waste materials without growing plants and/or converting food to fuel.

  12. Accelerated Return to Sport After Anterior Cruciate Ligament Reconstruction and Early Knee Osteoarthritis Features at 1 Year: An Exploratory Study.

    Science.gov (United States)

    Culvenor, Adam G; Patterson, Brooke E; Guermazi, Ali; Morris, Hayden G; Whitehead, Timothy S; Crossley, Kay M

    2018-04-01

    A timely return to competitive sport is a primary goal of anterior cruciate ligament reconstruction (ACLR). It is not known whether an accelerated return to sport increases the risk of early-onset knee osteoarthritis (KOA). To determine whether an accelerated return to sport post-ACLR (ie, relationship between an accelerated return to sport and early KOA features stratified by type of ACL injury (isolated or concurrent chondral/meniscal injury) and lower limb function (good or poor). Cross-sectional study. Private radiology clinic and university laboratory. A total of 111 participants (71 male; mean age 30 ± 8 years) 1-year post-ACLR. Participants completed a self-report questionnaire regarding postoperative return-to-sport data (specific sport, postoperative month first returned), and isotropic 3-T MRI scans were obtained. Early KOA features (bone marrow, cartilage and meniscal lesions, and osteophytes) assessed with the MRI OA Knee Score. Logistic regression analyses evaluated the odds of early KOA features with an accelerated return to sport (return to sport) in the total cohort and stratified by type of ACL injury and lower limb function. Forty-six (41%) participants returned to competitive sport return to sport was associated with significantly increased odds of bone marrow lesions (odds ratio [OR] 2.7, 95% confidence interval [CI] 1.3-6.0) but not cartilage (OR 1.2, 95% CI 0.5-2.6) or meniscal lesions (OR 0.8, 95% CI 0.4-1.8) or osteophytes (OR 0.6, 95% CI 0.3-1.4). In those with poor lower limb function, early return to sport exacerbated the odds of bone marrow lesions (OR 4.6, 95% CI 1.6-13.5), whereas stratified analyses for type of ACL injury did not reach statistical significance. An accelerated return to sport, particularly in the presence of poor lower limb function, may be implicated in posttraumatic KOA development. IV. Copyright © 2018 American Academy of Physical Medicine and Rehabilitation. Published by Elsevier Inc. All rights reserved.

  13. Nutritional variables predict chances of returning home and activities of daily living in post-acute geriatric care

    Science.gov (United States)

    Maeda, Keisuke; Koga, Takayuki; Akagi, Junji

    2018-01-01

    Background Little is known about the association between malnutrition and the chances of returning home from post-acute facilities in older adult patients. This study aimed to understand whether malnutrition and malnutrition-related factors would be determinants for returning home and activities of daily living (ADL) at discharge after post-acute care. Methods Patients aged ≥65 years living at home before the onset of an acute disease and admitted to a post-acute ward were enrolled (n=207) in this prospective observational study. Malnutrition was defined based on the criteria of the European Society for Clinical Nutrition and Metabolism. Nutritional parameters included the nutritional intake at the time of admission and oral conditions evaluated by the Oral Health Assessment Tool (OHAT). The Barthel Index was used to assess daily activities. A Cox regression analysis of the length of stay was performed. Multivariable linear regression analyses to determine associations between malnutrition, returning home, and ADL at discharge were performed, after adjusting the variables of acute care setting. Results The mean patient age was 84.7±6.7 years; 38% were men. European Society for Clinical Nutrition and Metabolism-defined malnutrition was observed in 129 (62.3%) patients, and 118 (57.0%) of all patients returned home. Multivariable regression analyses showed that malnutrition was a negative predictor of returning home (hazard ratio: 0.517 [0.351–0.761], p=0.001), and an increase in the nutritional intake (kcal/kg/d) was a positive predictor of the Barthel Index at discharge (coefficient: 0.34±0.15, p=0.021). The OHAT was not associated with returning home and ADL. Conclusion Malnutrition and nutritional intake are associated with returning home and ADL at discharge, respectively, after post-acute care. Further studies investigating the effects of a nutritional intervention for post-acute patients would be necessary. PMID:29416323

  14. Symmetric and asymmetric US sector return volatilities in presence of oil, financial and economic risks

    International Nuclear Information System (INIS)

    Hammoudeh, Shawkat; Yuan, Yuan; Chiang, Thomas; Nandha, Mohan

    2010-01-01

    This paper examines the impacts of world, country, and sector-specific variables on the stock return volatility of twenty-seven US sectors in the short- and long-run, accounting for the asymmetric shocks based on GARCH models. In the standard GARCH model the two world variables, oil and Morgan Stanley Capital Index (MSCI), have differing impacts on the US equity sector returns' volatility, with oil price dampening it while MSCI heightening it for most sectors. This result underlines the need for hedging more against world capital market risk relative to oil risk which is probably hedged by many sectors. The world and country factors' impacts are not as pervasive across the board, compared with the sector-specific impacts of the P/B ratio and trading volume which affect almost all sectors. Increases in the P/B ratio would reduce the aggregate volatility, while increases in the trading volume would heighten it for all sectors. Asymmetry of factor impacts on volatility is also found for most sectors. Most of the GARCH factor results are confirmed in the CGARCH model with the exception of the impact of interest rate on the short-lived transitory volatility. Finally, interesting econometric results on the inclusion or exclusion of trading volumes are discussed.

  15. The Returns to Entrepreneurship

    DEFF Research Database (Denmark)

    Van Praag, Mirjam; Raknerud, Arvid

    Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the pecuniary gains of this switching by employing a two-stage procedure, where the randomness in the timing of inheritance transfers is used as an exclusion restriction to identify...... causal effects. The model is estimated on data covering the whole Norwegian population of individuals matched to the entire population of firms established in the period 2002-2011. The results indicate that the average returns to entrepreneurship are significantly negative for individuals entering...... entrepreneurship through self-employment and modest, but significantly positive, for incorporated startups....

  16. Search for the weak non-analog Fermi branch in the 42Sc ground state beta decay

    International Nuclear Information System (INIS)

    DelVecchio, R.M.; Daehnick, W.W.

    1978-01-01

    We have searched for the β-decay branch from the 4 2Sc ground state to the 1.837 MeV level in 4 2Ca. Since both states are J/sup π/ = 0 + , T = 1, this decay is an example of a non-analog Fermi decay which could occur by reason of some mixing of the analog ground states into the lowest excited 0 + state in both 4 2Sc and 4 2Ca. As a signal for this branch, we looked for a subsequent cascade γ ray with a Ge(Li) detector-rabbit arrangement. We found a branching ratio of (2.2 +- 1.7) x 10 - 5 relative to the superallowed ground state to ground state decay. Interpreted as an upper limit, this corresponds to a branching ratio - 5 at the 68% confidence level. This result is at the lower bound of what present theory can predict with a Coulomb force mixing calculation

  17. Communication and collaboration among return-to-work stakeholders.

    Science.gov (United States)

    Russell, Elizabeth; Kosny, Agnieszka

    2018-05-17

    Workers who are injured or become ill on the job are best able to return-to-work when stakeholders involved in their case collaborate and communicate. This study examined health care providers' and case managers' engagement in rehabilitation and return-to-work following workplace injury or illness. In-depth interviews were conducted with 97 health care providers and 34 case managers in four Canadian provinces about their experiences facilitating rehabilitation and return-to-work, and interacting with system stakeholders. A qualitative thematic content analysis demonstrated two key findings. Firstly, stakeholders were challenged to collaborate as a result of: barriers to interdisciplinary and cross-professional communication; philosophical differences about the timing and appropriateness of return-to-work; and confusion among health care providers about the workers' compensation system. Secondly, these challenges adversely affected the co-ordination of patient care, and consequentially, injured workers often became information conduits, and effective and timely treatment and return-to-work was sometimes negatively impacted. Communication challenges between health care providers and case managers may negatively impact patient care and alienate treating health care providers. Discussion about role clarification, the appropriateness of early return-to-work, how paperwork shapes health care providers' role expectations, and strengthened inter-professional communication are considered. Implications for Rehabilitation Administrative and conceptual barriers in workers' compensation systems challenge collaboration and communication between health care providers and case managers. Injured workers may become conduits of incorrect information, resulting in adversarial relationships, overturned health care providers' recommendations, and their disengagement from rehabilitation and return-to-work. Stakeholders should clarify the role of health care providers during

  18. 26 CFR 301.6103(j)(1)-1 - Disclosures of return information reflected on returns to officers and employees of the...

    Science.gov (United States)

    2010-04-01

    ... related activities. 301.6103(j)(1)-1 Section 301.6103(j)(1)-1 Internal Revenue INTERNAL REVENUE SERVICE... and Returns Returns and Records § 301.6103(j)(1)-1 Disclosures of return information reflected on... related activities. (a) General rule. Pursuant to the provisions of section 6103(j)(1) of the Internal...

  19. Predictability of Returns and Cash Flows

    OpenAIRE

    Ralph S.J. Koijen; Stijn Van Nieuwerburgh

    2010-01-01

    We review the literature on return and cash-flow growth predictability from the perspective of the present-value identity. We focus predominantly on recent work. Our emphasis is on U.S. aggregate stock return predictability, but we also discuss evidence from other asset classes and countries.

  20. Return on Investment from Biochar Application

    Science.gov (United States)

    Current literature has yet to fully address the cost of biochar application or the return on investment to the grower. The objectives were to identify possible on-farm spreader equipment, spreader capacity, application expenses, and rate of return needed for growers to apply biochar economically. Bi...

  1. Does graded return-to-work improve sick-listed workers' chance of returning to regular working hours?

    Science.gov (United States)

    Høgelund, Jan; Holm, Anders; McIntosh, James

    2010-01-01

    Using Danish register and survey data, we examine the effect of a national graded return-to-work program on the probability of sick-listed workers returning to regular working hours. During program participation, the sick-listed worker works fewer hours and receives the normal hourly wage for the hours worked and sickness benefit for the hours off work. When the worker's health improves, working hours are increased until the sick-listed worker is able to work regular hours. Taking account of unobserved differences between program participants and non-participants, we find that participation in the program significantly increases the probability of returning to regular working hours. Copyright 2009 Elsevier B.V. All rights reserved.

  2. Motivational goals, group identifications, and psychosocial adjustment of returning migrants: The case of Jews returning to Russia.

    Science.gov (United States)

    Tartakovsky, Eugene; Patrakov, Eduard; Nikulina, Marina

    2017-12-01

    The present study investigated the motivational goals, group identifications, and psychosocial adjustment of Jews who returned to Russia after emigrating from the republics of the Former Soviet Union to different countries (n = 151). To gain a deeper understanding of these returning migrants, their traits were compared with those of Jews living in Russia who did not emigrate (n = 935). Compared to locals, returnees reported a higher preference for the openness to change and self-enhancement values and a lower preference for the conservation values; there was no difference in the self-transcendence values. Returning migrants had a relatively weak affiliation with the home country: they had a weaker identification with the home country than with the country of emigration, their identification with Russians was weaker than that among Jews who did not emigrate from Russia, and their intention to emigrate (again) from Russia was greater than that among locals. However, the Jewish identification of returning migrants was similar to that of locals. The adjustment of returning migrants varied across different dimensions: their economic adjustment was better than that of locals; however, the interpersonal adjustment of returnees was less successful than among locals. © 2016 International Union of Psychological Science.

  3. Economic and accounting rates of return

    NARCIS (Netherlands)

    Feenstra, D.W.; Wang, H.

    2000-01-01

    The rate of return on invested capital is a central concept in financial analysis. The purpose of calculating the rate of return on investment in general is to measure the financial performance, to assess the desirability of a project and to make decisions on the valuation of firms. Financial

  4. Parasitic diseases in the returning traveller

    African Journals Online (AJOL)

    2009-06-11

    Jun 11, 2009 ... exception is infection with schistosomiasis after leisure activities in infested freshwater. (the water sports enthusiast returning from a sojourn on Lake Malawi .... are harbouring a 'blind passenger' from abroad. However, long-term travellers, both private or business, should be screened on return. A thorough ...

  5. Sealed Planetary Return Canister (SPRC), Phase II

    Data.gov (United States)

    National Aeronautics and Space Administration — Sample return missions have primary importance in future planetary missions. A basic requirement is that samples be returned in pristine, uncontaminated condition,...

  6. The effect of wildfire and clear-cutting on above-ground biomass, foliar C to N ratios and fiber content throughout succession: Implications for forage quality in woodland caribou (Rangifer tarandus caribou)

    Science.gov (United States)

    Mallon, E. E.; Turetsky, M.; Thompson, I.; Noland, T. L.; Wiebe, P.

    2013-12-01

    Disturbance is known to play an important role in maintaining the productivity and biodiversity of boreal forest ecosystems. Moderate to low frequency disturbance is responsible for regeneration opportunities creating a mosaic of habitats and successional trajectories. However, large-scale deforestation and increasing wildfire frequencies exacerbate habitat loss and influence biogeochemical cycles. This has raised concern about the quality of the under-story vegetation post-disturbance and whether this may impact herbivores, especially those vulnerable to change. Forest-dwelling caribou (Rangifer tarandus caribou) are declining in several regions of Canada and are currently listed as a species at risk by COSEWIC. Predation and landscape alteration are viewed as the two main threats to woodland caribou. This has resulted in caribou utilizing low productivity peatlands as refuge and the impact of this habitat selection on their diet quality is not well understood. Therefore there are two themes in the study, 1) Forage quantity: above-ground biomass and productivity and 2) Forage quality: foliar N and C to N ratios and % fiber. The themes are addressed in three questions: 1) How does forage quantity and quality vary between upland forests and peatlands? 2) How does wildfire affect the availability and nutritional quality of forage items? 3) How does forage quality vary between sites recovering from wildfire versus timber harvest? Research sites were located in the Auden region north of Geraldton, ON. This landscape was chosen because it is known woodland caribou habitat and has thorough wildfire and silviculture data from the past 7 decades. Plant diversity, above-ground biomass, vascular green area and seasonal foliar fiber and C to N ratios were collected across a matrix of sites representing a chronosequence of time since disturbance in upland forests and peatlands. Preliminary findings revealed productivity peaked in early age stands (0-30 yrs) and biomass peaked

  7. Pitfalls with the use of enhancement ratios or normalized excess mixing ratios measured in plumes to characterize pollution sources and aging

    Directory of Open Access Journals (Sweden)

    R. J. Yokelson

    2013-08-01

    Full Text Available Normalized excess mixing ratios (NEMRs, also known as enhancement ratios, are a common way to characterize plumes of pollution in atmospheric research. As single-source pollutant plumes disperse in the atmosphere, they are diluted by mixing with the adjacent background air. Changes in the composition of this background air can cause large changes to the NEMR that is subsequently measured by remote-sensing, airborne, or ground-based instruments. This scenario is common when boundary layer plumes enter the free troposphere and could also impact long-range transport or plumes near the top of the troposphere. We provide a context for these issues and an example showing that neglect of this effect could lead to serious errors in data interpretation.

  8. ANALYSIS MODEL FOR RETURN ON CAPITAL EMPLOYED

    Directory of Open Access Journals (Sweden)

    BURJA CAMELIA

    2013-02-01

    Full Text Available At the microeconomic level, the appreciation of the capitals’ profitability is a very complex action which is ofinterest for stakeholders. This study has as main purpose to extend the traditional analysis model for the capitals’profitability, based on the ratioReturn on capital employed”. In line with it the objectives of this work aim theidentification of factors that exert an influence on the capital’s profitability utilized by a company and the measurementof their contribution in the manifestation of the phenomenon. The proposed analysis model is validated on the use caseof a representative company from the agricultural sector. The results obtained reveal that in a company there are somefactors which can act positively on the capitals’ profitability: capital turnover, sales efficiency, increase the share ofsales in the total revenues, improvement of the expenses’ efficiency. The findings are useful both for the decisionmakingfactors in substantiating the economic strategies and for the capital owners who are interested in efficiency oftheir investments.

  9. Comparison of physical impairment, functional, and psychosocial measures based on fear of reinjury/lack of confidence and return-to-sport status after ACL reconstruction.

    Science.gov (United States)

    Lentz, Trevor A; Zeppieri, Giorgio; George, Steven Z; Tillman, Susan M; Moser, Michael W; Farmer, Kevin W; Chmielewski, Terese L

    2015-02-01

    Fear of reinjury and lack of confidence influence return-to-sport outcomes after anterior cruciate ligament (ACL) reconstruction. The physical, psychosocial, and functional recovery of patients reporting fear of reinjury or lack of confidence as their primary barrier to resuming sports participation is unknown. To compare physical impairment, functional, and psychosocial measures between subgroups based on return-to-sport status and fear of reinjury/lack of confidence in the return-to-sport stage and to determine the association of physical impairment and psychosocial measures with function for each subgroup at 6 months and 1 year after surgery. Case-control study; Level of evidence, 3. Physical impairment (quadriceps index [QI], quadriceps strength/body weight [QSBW], hamstring:quadriceps strength ratio [HQ ratio], pain intensity), self-report of function (International Knee Documentation Committee [IKDC]), and psychosocial (Tampa Scale for Kinesiophobia-shortened form [TSK-11]) measures were collected at 6 months and 1 year after surgery in 73 patients with ACL reconstruction. At 1 year, subjects were divided into "return-to-sport" (YRTS) or "not return-to-sport" (NRTS) subgroups based on their self-reported return to preinjury sport status. Patients in the NRTS subgroup were subcategorized as NRTS-Fear/Confidence if fear of reinjury/lack of confidence was the primary reason for not returning to sports, and all others were categorized as NRTS-Other. A total of 46 subjects were assigned to YRTS, 13 to NRTS-Other, and 14 to NRTS-Fear/Confidence. Compared with the YRTS subgroup, the NRTS-Fear/Confidence subgroup was older and had lower QSBW, lower IKDC score, and higher TSK-11 score at 6 months and 1 year; however, they had similar pain levels. In the NRTS-Fear/Confidence subgroup, the IKDC score was associated with QSBW and pain at 6 months and QSBW, QI, pain, and TSK-11 scores at 1 year. Elevated pain-related fear of movement/reinjury, quadriceps weakness, and

  10. TBA IN GROUND WATER FROM THE NATURAL BIODEGRADATION OF MTBE

    Science.gov (United States)

    At many UST spills, the concentrations of TBA in ground water are much higher than would be expected from the presence of TBA in the gasoline originally spilled. The ratio of concentrations of TBA to concentrations of MTBE in monitoring wells at gasoline spill sites was compared ...

  11. Using an inflation-augmented price-earnings ratio to guide tactical asset allocation

    OpenAIRE

    Adrian Saville

    2011-01-01

    Asset allocation plays a central role in determining investment outcomes, and available evidence shows that portfolio results can be enhanced through tactical asset allocation if managers use the simple price-earnings ratio as a predictor of equity returns. Recently, some international evidence has emerged which shows that, by augmenting the price-earnings metric with information about consumer price inflation, further enhancements can be achieved in tactical asset allocation.  This study rev...

  12. Impacts of Return-to-Work Type and Period on Job Retention in Workers with Occupational Injuries and Diseases.

    Science.gov (United States)

    Jeong, Inchul; Park, Jae Bum; Kim, Hyoung Ryoul; Yoon, Jin Ha; Won, Jong Uk; Roh, Jaehoon

    2018-01-01

    Despite the necessity of job retention in achieving return-to-work (RTW) goals, many workers leave their jobs after returning to work. The objective of this study was to examine the impacts of RTW type and period on job retention in Korean workers with occupational injuries and diseases. Data were derived from the Panel Study of Worker's Compensation Insurance, including data from 2,000 systemically sampled workers who had finished recuperation in 2012; three waves of survey data were included in the analyses. Workers who returned to work (n = 1,610) were included in the analysis of the relationship between RTW type and job retention, and 664 workers who returned to their original workplaces were included in the analysis of the relationship between RTW period and job retention. The participants completed a questionnaire, and administrative data were provided by workers' compensation insurance. A Cox proportional-hazards regression analysis showed an increased hazard ratio (HR) for non-retention of 2.66 (95% confidence interval, 2.11-3.35) in reemployed workers compared to that in workers returning to their original workplaces. Among workers returning to their original workplaces, HRs for non-retention were increased in workers with a RTW period of 13-24 months (3.03 [1.52-6.04]) and > 24 months (5.33 [2.14-13.25]) compared to workers with a RTW period of ≤ 3 months. RTW type and period were significantly related to job retention, suggesting that policies for promoting job retention rate should be implemented. © 2018 The Korean Academy of Medical Sciences.

  13. Product return management

    DEFF Research Database (Denmark)

    Shaharudin, Mohd Rizaimy; Govindan, Kannan; Zailani, Suhaiza

    2017-01-01

    The aim of this study is to examine the extent to which product returns motivate manufacturing firms to adopt closed-loop supply chain activities that influence the effectiveness of reverse supply chains. The hypotheses have been tested using data from a sample of 150 environmental management...... system ISO 14001 certified manufacturing firms in Malaysia through the census sampling approach. The results of the empirical test using LISREL Version 8.70 for the structural equation modeling support the fundamental explanation of the influence of the institutional forces towards the adoption of closed...... eventually impacts the firm's effectiveness in the reverse supply chain. The findings also help managers to understand the factors that can improve the outcome of the adoption of closed-loop supply chain activities by intensifying the extent of involvement in product returns, which provides a valuable...

  14. Communication grounding facility

    International Nuclear Information System (INIS)

    Lee, Gye Seong

    1998-06-01

    It is about communication grounding facility, which is made up twelve chapters. It includes general grounding with purpose, materials thermal insulating material, construction of grounding, super strength grounding method, grounding facility with grounding way and building of insulating, switched grounding with No. 1A and LCR, grounding facility of transmission line, wireless facility grounding, grounding facility in wireless base station, grounding of power facility, grounding low-tenton interior power wire, communication facility of railroad, install of arrester in apartment and house, install of arrester on introduction and earth conductivity and measurement with introduction and grounding resistance.

  15. Identifying Child-Staff Ratios That Promote Peer Skills in Child Care

    Science.gov (United States)

    Iluz, Reli; Adi-Japha, Esther; Klein, Pnina S.

    2016-01-01

    Research Findings: Early child care policy and practice are grounded in a growing understanding of the importance of the first years of life. In earlier studies, associations between child-staff ratios and peer skills yielded inconsistent findings. The current study used data from the National Institute of Child Health and Human Development Study…

  16. 76 FR 17521 - Specified Tax Return Preparers Required To File Individual Income Tax Returns Using Magnetic Media

    Science.gov (United States)

    2011-03-30

    ... regulations reflect changes made to the law by the Worker, Homeownership, and Business Assistance Act of 2009... definition of a ``specified tax return preparer'' must electronically file Federal income tax returns that... of the Worker, Homeownership, and Business Assistance Act of 2009 (Pub. L. 111-92 (123 Stat. 2984...

  17. Strength and compressibility of returned lunar soil.

    Science.gov (United States)

    Carrier, W. D., III; Bromwell, L. G.; Martin, R. T.

    1972-01-01

    Two oedometer and three direct shear tests have been performed in vacuum on a 200 g sample of lunar soil from Apollo 12 (12001, 119). The compressibility data have been used to calculate bulk density and shear wave velocity versus depth on the lunar surface. The shear wave velocity was found to increase approximately with the one-fourth power of the depth, and the results suggest that the Apollo 14 Active Seismic Experiment may not have detected the Fra Mauro formation at a depth of 8.5 m, but only naturally consolidated lunar soil. The shear data indicate that the strength of the lunar soil sample is about 65% that of a ground basalt simulant at the same void ratio.

  18. Financial Ratio Analysis: the Development of a Dedicated Management Information System

    Directory of Open Access Journals (Sweden)

    Voicu-Dan Dragomir

    2007-01-01

    Full Text Available This paper disseminates the results of the development process for a financial analysis information system. The system has been subject to conceptual design using the Unified Modeling Language (UML and has been implemented in object-oriented manner using the Visual Basic .NET 2003 programming language. The classic financial analysis literature is focused on the chain-substitution method of computing the prior-year to current-year variation of linked financial ratios. We have applied this technique on the DuPont System of analysis concerning the Return on Equity ratio, by designing several structural UML diagrams depicting the breakdown and analysis of each financial ratio involved. The resulting computer application offers a flexible approach to the analytical tools: the user is required to introduce the raw data and the system provides both table-style and charted information on the output of computation. User-friendliness is also a key feature of this particular financial analysis application.

  19. Stock returns and foreign investment in Brazil

    OpenAIRE

    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...

  20. INSTITUTIONAL OWNERSHIP LEVEL AND RISK-ADJUSTED RETURN

    OpenAIRE

    Isaiah, Chioma; Li, Meng (Emma)

    2017-01-01

    This paper examines the relationship between the level of institutional ownership andrisk-adjusted return on stocks. We find a significant positive relationship between the level ofinstitutional ownership on a stock and its risk-adjusted return. This result holds both in the longrun and in shorter time periods. Our findings suggest that all things being equal, it is possible toobtain risk-adjusted return by going short on the stocks with low institutional ownership andgoing long on those with...

  1. 76 FR 36996 - Extension of Time for Filing Returns

    Science.gov (United States)

    2011-06-24

    ... less time to complete accurate income tax returns and to provide timely information to the trust's... either chapter 7 or chapter 11 of Title 11 of the U.S. Code that is required to file an income tax return... estate or trust income tax return or failure to pay the amount shown as tax on the return. (g) Effective...

  2. Analysis of large optical ground stations for deep-space optical communications

    Science.gov (United States)

    Garcia-Talavera, M. Reyes; Rivera, C.; Murga, G.; Montilla, I.; Alonso, A.

    2017-11-01

    Inter-satellite and ground to satellite optical communications have been successfully demonstrated over more than a decade with several experiments, the most recent being NASA's lunar mission Lunar Atmospheric Dust Environment Explorer (LADEE). The technology is in a mature stage that allows to consider optical communications as a high-capacity solution for future deep-space communications [1][2], where there is an increasing demand on downlink data rate to improve science return. To serve these deep-space missions, suitable optical ground stations (OGS) have to be developed providing large collecting areas. The design of such OGSs must face both technical and cost constraints in order to achieve an optimum implementation. To that end, different approaches have already been proposed and analyzed, namely, a large telescope based on a segmented primary mirror, telescope arrays, and even the combination of RF and optical receivers in modified versions of existing Deep-Space Network (DSN) antennas [3][4][5]. Array architectures have been proposed to relax some requirements, acting as one of the key drivers of the present study. The advantages offered by the array approach are attained at the expense of adding subsystems. Critical issues identified for each implementation include their inherent efficiency and losses, as well as its performance under high-background conditions, and the acquisition, pointing, tracking, and synchronization capabilities. It is worth noticing that, due to the photon-counting nature of detection, the system performance is not solely given by the signal-to-noise ratio parameter. To start with the analysis, first the main implications of the deep space scenarios are summarized, since they are the driving requirements to establish the technical specifications for the large OGS. Next, both the main characteristics of the OGS and the potential configuration approaches are presented, getting deeper in key subsystems with strong impact in the

  3. 27 CFR 41.112 - Tax return.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 2 2010-04-01 2010-04-01 false Tax return. 41.112 Section 41.112 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF... States Deferred Payment of Tax in Puerto Rico on Tobacco Products § 41.112 Tax return. The internal...

  4. [Organising a successful return home].

    Science.gov (United States)

    Mézière, Anthony

    Discharge from hospital is a major component of the quality and efficiency of the healthcare system. The failures of the return home of elderly people testify to the difficulties of applying guidelines in the area of hospital discharge. The action plan decided in the hospital for a successful return home can be jeopardised for personal, relational, functional and structural reasons originating from the different players involved in the hospital discharge. Copyright © 2018 Elsevier Masson SAS. All rights reserved.

  5. Return Migration among Elderly, Chronically Ill Bosnian Refugees

    DEFF Research Database (Denmark)

    Handlos, Line Neerup; Olwig, Karen Fog; Bygbjerg, Ib Christian

    2015-01-01

    Elderly migrants constitute a considerable share of global return migration; nevertheless, literature on the health aspects of the return migration among these migrants is still scarce. This study explores the significance of return migration among elderly, chronically ill Bosnian refugees from...... Denmark and the role of health issues in their decision to return. It is based on semi-structured interviews with 33 elderly, chronically ill Bosnian refugees who have moved back to Bosnia and Herzegovina, and 10 elderly, chronically ill Bosnian refugees who have remained in Denmark. The interviews show...

  6. Mobility, return for development and sense of Europe: narratives of Moldavian immigrants returning from the European Union

    Directory of Open Access Journals (Sweden)

    Silvia Marcu

    Full Text Available The article links migration, cross-border mobility and return for development embedded in terms of identity and approach to sense of Europe. Taking into account the global changes in Moldova, the paper examines the perceptions of mobility, return and identity of the Moldovans engaged in emigration in the countries of the European Union (EU. Utilising a multi-discipline approach and an in-depth qualitative interview technique, this article seeks to analyze how mobility and return can support social change and development of the country, and argues that people, who cross EU borders, living through the experience of emigration, acquire a pro-European mentality.

  7. RETURNS OF PRIVATE EQUITY COMPARATIVE ANALYSES OF THE RETURNS OF VENTURE CAPITAL AND BUYOUT FUNDS IN EUROPE AND IN THE US

    Directory of Open Access Journals (Sweden)

    Becsky-Nagy Patrícia

    2014-07-01

    Full Text Available This paper focuses on the returns of two segments of Private Equity (PE market in Europe and in the US; Venture Capital (VC and Buyout (BO. Contrary to the publicly traded stocks where information about the trade of securities is public, the measuring of the returns of these asset classes is not unambiguous. The returns of PE investments are considered as confidential information therefore we only have estimations about the real characteristics of the financial performance of the PE industry. Although it is impossible to observe the whole industry it is important to chart its performance because PE plays an essential role in the financing of firms, especially firms at special stages of their lives and the more information the investors and companies have, the more effective PE market can be therefore it can contribute to economic growth, employment, innovation etc. In the literature PE, VC and BO are not distinguished properly and they are often used as synonyms. Despite their similarities, there are significant differences in the features of these types of investments. In this paper the authors present the return characteristics of the PE industry of Europe and the US with regard to the stage-focus of PE funds. The key findings of this paper are that in average the returns of BO funds exceeded the returns of VC funds in the US as well as in Europe. Not just according to the absolute value of the returns, but also according to its risk-return tradeoff BO seems to be a preferable investment. The same statements can be made in case of the European market. The US returns are higher than European VC returns, because compared to the US VC industry the European is undeveloped. On the other hand the gap between the performances of BO funds is not as significant as the difference of VC funds. While in the 90’s US BO funds outperformed the European ones, after the millennia European BO returns were higher. The analysis of returns reveals the

  8. 14 CFR 49.21 - Return of original conveyance.

    Science.gov (United States)

    2010-01-01

    ... 14 Aeronautics and Space 1 2010-01-01 2010-01-01 false Return of original conveyance. 49.21... RECORDING OF AIRCRAFT TITLES AND SECURITY DOCUMENTS General § 49.21 Return of original conveyance. If a person submitting a conveyance for recording wants the original returned to him, he must submit a true...

  9. FINANCIAL RETURN ON ASSETS. THE IMPACT OF THE FINANCIAL RETURN ON ASSETS OVER THE COMPANY’S DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Constantin Căruntu

    2009-11-01

    Full Text Available The financial rate of return is a significant indicator for assessing the economic and financial performance of an enterprise for the internal diagnosis, as well as for the analysis required by the external partners. The financial return is a basic indicator which characterizes the business performances that is found directly under the trade policy (trade cost, efficiency of capital employed (economic profitability but also under the financial policy of the company. If the economic rate of return expresses a remuneration of the employed capital only in relation to operating activities, the financial rate of return quantifies a remuneration of the private capital trough all three types of activity: operational, financial and extraordinary. Starting from the consideration that the financial rate of return expresses the efficiency of equity or permanent capital use of the company we can state that it is of particular importance to the shareholders of the company, which considers according to it’s level whether their investments are justified and they will continue to support the business development through raising of fresh capital or abandonment for a limited period to one part of the dividends due. Managers, in turn, will be keen on maintaining an appropriate level of this rate, in order to retain their positions and to achieve the performance criteria of the company.

  10. Coincident Observation of Lightning using Spaceborne Spectrophotometer and Ground-Level Electromagnetic Sensors

    Science.gov (United States)

    Adachi, Toru; Cohen, Morris; Li, Jingbo; Cummer, Steve; Blakeslee, Richard; Marshall, THomas; Stolzenberg, Maribeth; Karunarathne, Sumedhe; Hsu, Rue-Ron; Su, Han-Tzong; hide

    2012-01-01

    The present study aims at assessing a possible new way to reveal the properties of lightning flash, using spectrophotometric data obtained by FORMOSAT-2/ISUAL which is the first spaceborne multicolor lightning detector. The ISUAL data was analyzed in conjunction with ground ]based electromagnetic data obtained by Duke magnetic field sensors, NLDN, North Alabama Lightning Mapping Array (LMA), and Kennedy Space Center (KSC) electric field antennas. We first classified the observed events into cloud ]to ]ground (CG) and intra ]cloud (IC) lightning based on the Duke and NLDN measurements and analyzed ISUAL data to clarify their optical characteristics. It was found that the ISUAL optical waveform of CG lightning was strongly correlated with the current moment waveform, suggesting that it is possible to evaluate the electrical properties of lightning from satellite optical measurement to some extent. The ISUAL data also indicated that the color of CG lightning turned to red at the time of return stroke while the color of IC pulses remained unchanged. Furthermore, in one CG event which was simultaneously detected by ISUAL and LMA, the observed optical emissions slowly turned red as the altitude of optical source gradually decreased. All of these results indicate that the color of lightning flash depends on the source altitude and suggest that spaceborne optical measurement could be a new tool to discriminate CG and IC lightning. In the presentation, we will also show results on the comparison between the ISUAL and KSC electric field data to clarify characteristics of each lightning process such as preliminary breakdown, return stroke, and subsequent upward illumination.

  11. 27 CFR 25.211 - Beer returned to brewery.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Beer returned to brewery..., DEPARTMENT OF THE TREASURY LIQUORS BEER Beer Returned to Brewery § 25.211 Beer returned to brewery. (a) General. Beer, produced in the United States, on which the brewer has paid or determined the tax may be...

  12. Returning to sports after a back injury

    Science.gov (United States)

    ... medlineplus.gov/ency/patientinstructions/000518.htm Returning to sports after a back injury To use the sharing ... Back pain - returning to sports Which Type of Sport is Best? In deciding when and if to ...

  13. The Extinction and Return of Fear of Public Speaking.

    Science.gov (United States)

    Laborda, Mario A; Schofield, Casey A; Johnson, Emily M; Schubert, Jessica R; George-Denn, Daniel; Coles, Meredith E; Miller, Ralph R

    2016-11-01

    Prior studies indicate extinguished fear often partially returns when participants are later tested outside the extinction context. Cues carried from the extinction context to the test context sometimes reduce return of fear, but it is unclear whether such extinction cues (ECs) reduce return of fear of public speaking. Here we assessed return of fear of public speaking, and whether either of two types of ECs can attenuate it. Participants gave speeches of increasing difficulty during an exposure practice session and were tested 2 days later in a different context. Testing occurred in the presence of physical ECs, after mentally rehearsing the exposure session, or without either reminder. Practice reduced fear of public speaking, but fear partially returned at test. Neither physical nor mental ECs reduced partial return of fear of public speaking. The return of extinguished fear of public speaking, although small, was reliable, but not appreciably sensitive to presence of ECs. © The Author(s) 2016.

  14. Sex ratio at birth and mortality rates are negatively related in humans.

    Directory of Open Access Journals (Sweden)

    Madhukar Shivajirao Dama

    Full Text Available Evolutionary theory posits that resource availability and parental investment ability could signal offspring sex selection, in order to maximize reproductive returns. Non-human studies have provided evidence for this phenomenon, and maternal condition around the time of conception has been identified as most important factor that influence offspring sex selection. However, studies on humans have reported inconsistent results, mostly due to use of disparate measures as indicators of maternal condition. In the present study, the cross-cultural differences in human natal sex ratio were analyzed with respect to indirect measures of condition namely, life expectancy and mortality rate. Multiple regression modeling suggested that mortality rates have distinct predictive power independent of cross-cultural differences in fertility, wealth and latitude that were earlier shown to predict sex ratio at birth. These findings suggest that sex ratio variation in humans may relate to differences in parental and environmental conditions.

  15. GPS Modeling and Analysis. Summary of Research: GPS Satellite Axial Ratio Predictions

    Science.gov (United States)

    Axelrad, Penina; Reeh, Lisa

    2002-01-01

    This report outlines the algorithms developed at the Colorado Center for Astrodynamics Research to model yaw and predict the axial ratio as measured from a ground station. The algorithms are implemented in a collection of Matlab functions and scripts that read certain user input, such as ground station coordinates, the UTC time, and the desired GPS (Global Positioning System) satellites, and compute the above-mentioned parameters. The position information for the GPS satellites is obtained from Yuma almanac files corresponding to the prescribed date. The results are displayed graphically through time histories and azimuth-elevation plots.

  16. Return Migration and Working Choices

    OpenAIRE

    TANI, Massimiliano; MAHUTEAU, Stéphane

    2008-01-01

    Collective Action to Support the Reintegration of Return Migrants in their Country of Origin (MIREM) This paper uses the recent survey carried out in the framework of the MIREM project on returnees to Algeria, Morocco and Tunisia and studies the duration of emigration and the labour force status upon returning. The results suggest that age and the year of emigration play a central role in the migration decision, but they do not support the hypothesis that the duration of migration is deter...

  17. Ground Pollution Science

    International Nuclear Information System (INIS)

    Oh, Jong Min; Bae, Jae Geun

    1997-08-01

    This book deals with ground pollution science and soil science, classification of soil and fundamentals, ground pollution and human, ground pollution and organic matter, ground pollution and city environment, environmental problems of the earth and ground pollution, soil pollution and development of geological features of the ground, ground pollution and landfill of waste, case of measurement of ground pollution.

  18. Mixed-μ magnetic levitation for advanced ground transport system

    International Nuclear Information System (INIS)

    Russell, F.M.

    1977-12-01

    The possibility of applying the mixed-μ principle for magnetic levitation to ground transport systems is examined. The system is developed specifically for suspension and useful lift to passive weight ratios exceeding 8:1 have been calculated. Application to a hybrid system where conventional wheel drive is used in conjunction with magnetic levitation is explained for urban transport. (author)

  19. Slow return of displaced Southern Sudanese

    Directory of Open Access Journals (Sweden)

    Tim Morris

    2007-07-01

    Full Text Available The pace of repatriation of Sudanese refugees and return of IDP s to South Sudan has picked up but expectations at the time of the signing of the Comprehensive Peace Agreement (CPA CPA in January 2005 have yet to be realised. With all eyes on Darfur, assistance to sustain returns to South Sudan remains inadequate.

  20. 31 CFR 10.28 - Return of client's records.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Return of client's records. 10.28... § 10.28 Return of client's records. (a) In general, a practitioner must, at the request of a client, promptly return any and all records of the client that are necessary for the client to comply with his or...

  1. Digital color analysis of color-ratio composite LANDSAT scenes. [Nevada

    Science.gov (United States)

    Raines, G. L.

    1977-01-01

    A method is presented that can be used to calculate approximate Munsell coordinates of the colors produced by making a color composite from three registered images. Applied to the LANDSAT MSS data of the Goldfield, Nevada, area, this method permits precise and quantitative definition of the limonitic areas originally observed in a LANDSAT color ratio composite. In addition, areas of transported limonite can be discriminated from the limonite in the hydrothermally altered areas of the Goldfield mining district. From the analysis, the numerical distinction between limonitic and nonlimonitic ground is generally less than 3% using the LANDSAT bands and as much as 8% in ratios of LANDSAT MSS bands.

  2. Extinction effects of atmospheric compositions on return signals of space-based lidar from numerical simulation

    Science.gov (United States)

    Yao, Lilin; Wang, Fu; Min, Min; Zhang, Ying; Guo, Jianping; Yu, Xiao; Chen, Binglong; Zhao, Yiming; Wang, Lidong

    2018-05-01

    The atmospheric composition induced extinction effect on return signals of space-based lidar remains incomprehensively understood, especially around 355 nm and 2051 nm channels. Here we simulated the extinction effects of atmospheric gases (e.g., H2O, CO2, and O3) and six types of aerosols (clean continental, clean marine, dust, polluted continental, polluted dust, and smoke) on return signals of space-based lidar system at 355 nm, 532 nm, 1064 nm, and 2051 nm channels, based on a robust lidar return signal simulator in combination with radiative transfer model (LBLRTM). Results show significant Rayleigh (molecular) scattering effects in the return signals at 355 nm and 532 nm channels, which markedly decays with increases in wavelength. The spectral transmittance of CO2 is nearly 0, yet the transmittance of H2O is approximately 100% at 2051 nm, which verifies this 2051 nm channel is suitable for CO2 retrieval. The spectral transmittance also reveals another possible window for CO2 and H2O detection at 2051.6 nm, since their transmittance both near 0.5. Moreover the corresponding Doppler return signals at 2051.6 nm channel can be used to retrieve wind field. Thus we suggest 2051 nm channel may better be centered at 2051.6 nm. Using the threshold for the signal-to-noise ratio (SNR) of return signals, the detection ranges for three representative distribution scenarios for the six types of aerosols at four typical lidar channels are determined. The results clearly show that high SNR values can be seen ubiquitously in the atmosphere ranging from the height of aerosol layer top to 25 km at 355 nm, and can been found at 2051.6 nm in the lower troposphere that highly depends on aerosol distribution scenario in the vertical. This indicates that the Doppler space-based lidar system with a double-channel joint detection mode is able to retrieve atmospheric wind field or profile from 0 to 25 km.

  3. Exiting the Emergency Medical Services Profession and Characteristics Associated with Intent to Return to Practice.

    Science.gov (United States)

    Cash, Rebecca E; Crowe, Remle P; Agarwal, Riddhima; Rodriguez, Severo A; Panchal, Ashish R

    2018-01-01

    Inadequate staffing of agencies, increasing attrition rates, and frequent turnover of personnel make employee retention an ongoing concern for Emergency Medical Services (EMS). Faced with increasing demand for EMS, understanding the causes underlying turnover is critical. The objectives of this study were to describe the proportion of individuals that left EMS, likelihood of returning to the profession, and key factors contributing to the decision to leave EMS. This was a cross-sectional study of nationally-certified EMS professionals who left EMS. Respondents to a census survey who reported not practicing EMS were directed to a subsection of items regarding their choice to leave EMS. Demographic and employment characteristics, likelihood of returning to EMS, and factors influencing the decision to leave EMS were assessed. Descriptive and comparative statistics (Chi-square and nonparametric test of trend [p-trend]) and univariable odds ratios were calculated. The overall response rate for the full survey was 10% (n = 32,114). A total of 1247 (4%) respondents reported leaving the profession and completed the exit survey. The majority (72%) reported that they will likely return to EMS. A stepwise decrease in the reported likelihood of returning was seen with increasing years of EMS experience (e.g., 2 or less years of experience: 83%; 16 or more years: 52%; p-trend benefits (65%), decision to pursue further education (60%), dissatisfaction with organization's management (54.7%), and desire for career change (54.1%). This cross-sectional study found an attrition rate of approximately 4% among nationally certified EMS professionals; however, the majority reported that they intended to return to the EMS profession. Intention to return to EMS decreased as years of experience and months away from the profession increased. Important factors in the decision to leave EMS included a desire for better pay and benefits and the decision to pursue further education. Targeting the

  4. DETERMINANTS OF RETURN ON EQUITY OF COOPERATIVE BANKS IN POLAND

    Directory of Open Access Journals (Sweden)

    Anna Bieniasz

    2016-03-01

    Full Text Available The aim of the study was to analyse the diversity of return on equity in the cooperative banks in Poland in 2010– 2014. The analysis was conducted using data of the Polish Financial Supervision Authority, on the basis of a modifi ed decomposition rate of return on equity. Assessment of the rate of return on equity was made in a size of banks, as determined by the value of assets. In addition, in order to determine the strength and direction of impact the individual components of the model on the formation of return on equity method was applied functional. The study suggests that cooperative banks eff ectively use the equity, because the rate of return on equity was signifi cantly higher than the rate of return on assets. The average return on assets in 2010–2014 was relatively lower in the largest banks and ranged from 0.7–0.9%, and the smallest banks return on assets was approximately 1%. In turn, the return on equity was higher at banks with major assets (over 200 million PLN. In 2013–2014 the rate of return both on assets and equity expressly declined. The main determinants of changes in return on equity were changing the multiplier reduction of profi t from banking activities by operating costs and costs of banking risk and return on assets, as well as measured result on banking activities.

  5. The Uncertainty of Biomass Estimates from Modeled ICESat-2 Returns Across a Boreal Forest Gradient

    Science.gov (United States)

    Montesano, P. M.; Rosette, J.; Sun, G.; North, P.; Nelson, R. F.; Dubayah, R. O.; Ranson, K. J.; Kharuk, V.

    2014-01-01

    The Forest Light (FLIGHT) radiative transfer model was used to examine the uncertainty of vegetation structure measurements from NASA's planned ICESat-2 photon counting light detection and ranging (LiDAR) instrument across a synthetic Larix forest gradient in the taiga-tundra ecotone. The simulations demonstrate how measurements from the planned spaceborne mission, which differ from those of previous LiDAR systems, may perform across a boreal forest to non-forest structure gradient in globally important ecological region of northern Siberia. We used a modified version of FLIGHT to simulate the acquisition parameters of ICESat-2. Modeled returns were analyzed from collections of sequential footprints along LiDAR tracks (link-scales) of lengths ranging from 20 m-90 m. These link-scales traversed synthetic forest stands that were initialized with parameters drawn from field surveys in Siberian Larix forests. LiDAR returns from vegetation were compiled for 100 simulated LiDAR collections for each 10 Mg · ha(exp -1) interval in the 0-100 Mg · ha(exp -1) above-ground biomass density (AGB) forest gradient. Canopy height metrics were computed and AGB was inferred from empirical models. The root mean square error (RMSE) and RMSE uncertainty associated with the distribution of inferred AGB within each AGB interval across the gradient was examined. Simulation results of the bright daylight and low vegetation reflectivity conditions for collecting photon counting LiDAR with no topographic relief show that 1-2 photons are returned for 79%-88% of LiDAR shots. Signal photons account for approximately 67% of all LiDAR returns, while approximately 50% of shots result in 1 signal photon returned. The proportion of these signal photon returns do not differ significantly (p greater than 0.05) for AGB intervals greater than 20 Mg · ha(exp -1). The 50m link-scale approximates the finest horizontal resolution (length) at which photon counting LiDAR collection provides strong model

  6. Abnormal Returns and Contrarian Strategies

    Directory of Open Access Journals (Sweden)

    Ivana Dall'Agnol

    2003-12-01

    Full Text Available We test the hypothesis that strategies which are long on portfolios of looser stocks and short on portfolios of winner stocks generate abnormal returns in Brazil. This type of evidence for the US stock market was interpreted by The Bondt and Thaler (1985 as reflecting systematic evaluation mistakes caused by investors overreaction to news related to the firm performance. We found evidence of contrarian strategies profitability for horizons from 3 months to 3 years in a sample of stock returns from BOVESPA and SOMA from 1986 to 2000. The strategies are more profitable for shorter horizons. Therefore, there was no trace of the momentum effect found by Jagadeesh and Titman (1993 for the same horizons with US data. There are remaing unexplained positive returns for contrarian strategies after accounting for risk, size, and liquidity. We also found that the strategy profitability is reduced after the Real Plan, which suggests that the Brazilian stock market became more efficient after inflation stabilization.

  7. Factor Structure in Commodity Futures Return and Volatility

    DEFF Research Database (Denmark)

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

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

  8. Estimation of return levels against different return periods of extreme annual rainfall over Baluchistan

    International Nuclear Information System (INIS)

    Ali, M.; Jan, B.; Iqbal, J.

    2012-01-01

    Unprecedented heavy monsoon rainfall began in the last week of July 2010 in the Northern part of our country, causes floods in Baluchistan and Sindh. As the high frequency rainfall events are a significant cause of current severe flooding in Pakistan and any fluctuation in the level of such events may cause huge economic losses as well as social problem, urban structures (i.e. dams, urban drainage systems and flood). Statistical distributions are used to identify extremes of annual rainfall of different cities of Baluchistan (Quetta, Sibbi, Khuzdar, Lasbella, Dalbandin and Pasni) with their return periods. Analysis predicts that Gumbel Max. (GM) Distribution is the best fitted distribution for Sibbi and Lasbella while the GEV distribution is the best fitted for Quetta, Khuzdar, Dalbandin and Pasni. The analysis also suggests that different cities of Baluchistan have 30-years return period for getting more than 90 mm average daily rainfall while they have 100-years return period for receiving more than 118 mm daily rainfall. This suggests for suitable flood forecasting and improving the river structure in Baluchistan, Pakistan. (author)

  9. Widely tunable wavelength conversion with extinction ratio enhancement using PCF-based NOLM

    DEFF Research Database (Denmark)

    Kwok, C.H.; Lee, S.H.; Chow, K.K.

    2005-01-01

    A widely tunable wavelength conversion scheme has been demonstrated using a 64-m-long dispersion-flattened high-nonlinearity photonic crystal fiber in a nonlinear optical loop mirror. Wavelength conversion range of over 60 nm with a 10-Gb/s return-to-zero signal was obtained with the output...... extinction ratio (ER) maintained above 13 dB. The proposed scheme can also improve the output ER and remove the bit-error-rate floor if a degraded signal is used....

  10. Consistent interactive segmentation of pulmonary ground glass nodules identified in CT studies

    Science.gov (United States)

    Zhang, Li; Fang, Ming; Naidich, David P.; Novak, Carol L.

    2004-05-01

    Ground glass nodules (GGNs) have proved especially problematic in lung cancer diagnosis, as despite frequently being malignant they characteristically have extremely slow rates of growth. This problem is further magnified by the small size of many of these lesions now being routinely detected following the introduction of multislice CT scanners capable of acquiring contiguous high resolution 1 to 1.25 mm sections throughout the thorax in a single breathhold period. Although segmentation of solid nodules can be used clinically to determine volume doubling times quantitatively, reliable methods for segmentation of pure ground glass nodules have yet to be introduced. Our purpose is to evaluate a newly developed computer-based segmentation method for rapid and reproducible measurements of pure ground glass nodules. 23 pure or mixed ground glass nodules were identified in a total of 8 patients by a radiologist and subsequently segmented by our computer-based method using Markov random field and shape analysis. The computer-based segmentation was initialized by a click point. Methodological consistency was assessed using the overlap ratio between 3 segmentations initialized by 3 different click points for each nodule. The 95% confidence interval on the mean of the overlap ratios proved to be [0.984, 0.998]. The computer-based method failed on two nodules that were difficult to segment even manually either due to especially low contrast or markedly irregular margins. While achieving consistent manual segmentation of ground glass nodules has proven problematic most often due to indistinct boundaries and interobserver variability, our proposed method introduces a powerful new tool for obtaining reproducible quantitative measurements of these lesions. It is our intention to further document the value of this approach with a still larger set of ground glass nodules.

  11. Inventory control with product returns : The impact of imperfect information

    NARCIS (Netherlands)

    De Brito, M.P.; Laan, E.A.

    2009-01-01

    Product returns are characterized by considerable uncertainty on time and quantity. In the literature on inventory management for product return environments best forecasts of future returns are associated with methods that use the most information regarding product return history. In practice,

  12. An In Depth Look at Lightning Trends in Hurricane Harvey using Satellite and Ground-Based Measurements

    Science.gov (United States)

    Ringhausen, J.

    2017-12-01

    This research combines satellite measurements of lightning in Hurricane Harvey with ground-based lightning measurements to get a better sense of the total lightning occurring in the hurricane, both intra-cloud (IC) and cloud-to-ground (CG), and how it relates to the intensification and weakening of the tropical system. Past studies have looked at lightning trends in hurricanes using the space based Lightning Imaging Sensor (LIS) or ground-based lightning detection networks. However, both of these methods have drawbacks. For instance, LIS was in low earth orbit, which limited lightning observations to 90 seconds for a particular point on the ground; hence, continuous lightning coverage of a hurricane was not possible. Ground-based networks can have a decreased detection efficiency, particularly for ICs, over oceans where hurricanes generally intensify. With the launch of the Geostationary Lightning Mapper (GLM) on the GOES-16 satellite, researchers can study total lightning continuously over the lifetime of a tropical cyclone. This study utilizes GLM to investigate total lightning activity in Hurricane Harvey temporally; this is augmented with spatial analysis relative to hurricane structure, similar to previous studies. Further, GLM and ground-based network data are combined using Bayesian techniques in a new manner to leverage the strengths of each detection method. This methodology 1) provides a more complete estimate of lightning activity and 2) enables the derivation of the IC:CG ratio (Z-ratio) throughout the time period of the study. In particular, details of the evolution of the Z-ratio in time and space are presented. In addition, lightning stroke spatiotemporal trends are compared to lightning flash trends. This research represents a new application of lightning data that can be used in future study of tropical cyclone intensification and weakening.

  13. 26 CFR 301.6103(j)(1)-1T - Disclosures of return information reflected on returns to officers and employees of the...

    Science.gov (United States)

    2010-04-01

    ... related activities (temporary). 301.6103(j)(1)-1T Section 301.6103(j)(1)-1T Internal Revenue INTERNAL... ADMINISTRATION Information and Returns Returns and Records § 301.6103(j)(1)-1T Disclosures of return information... § 301.6103(j)(1)-1(a) through (b)(3)(xxiv). (xxv) From Form 6765 (when filed with corporation income tax...

  14. Planetary protection considerations for sample-return missions

    Science.gov (United States)

    Rummel, J.

    The analysis on Earth of materials returned from other solar system bodies, and beyond, is likely one of the most effective ways for us to learn about the origins, history, and present state of the universe outside of our home planet. In the past, the Apollo missions were able to return large quantities of material from the Moon, while missions currently flying (Genesis and Stardust) intend to return much smaller quantities of material. Planned and conceptualized future missions (cf., MUSES-C) intend to return a wide variety of samples such as those from a near-Earth asteroid, the surface and atmosphere of Mars , and perhaps once more from the Earth's Moon. In some cases, the bodies targeted for sample return missions may have the capability of harboring indigenous life, while in other cases there is scant possibility of that. Considerations in determining the potential for extraterrestrial contamination from sample return missions have been studied, and include such factors as the availability of liquid water in or on the target body, the availability of m tabolicallye useful energy sources, the likelihood that organic matter was available, and the overall temperature and radiation history of the sampled areas. Also of note is the potential that the natural influx to Earth of that materials in question (e.g., meteorites, etc.) might overwhelm the ability of a targeted sample-return mission to contribute something novel to the Earth's environment. Missions thought to pose a risk of extraterrestrial biological contamination are subject to a containment provision that may be very difficult to implement on a single, moderate-cost mission, but such steps are necessary to protect both our own planet and the health of solar-system exploration missions and the science they can do.

  15. One-Step Direct Return Method For Mohr-Coulomb Plasticity

    DEFF Research Database (Denmark)

    Clausen, Johan; Damkilde, Lars; Andersen, Lars

    2004-01-01

    A new return method for the Mohr-Coulomb yield criteria is presented. The idea is to transform the problem into the principal direction and thereby achieve very simple formulas for calculating the elastic return stresses.......A new return method for the Mohr-Coulomb yield criteria is presented. The idea is to transform the problem into the principal direction and thereby achieve very simple formulas for calculating the elastic return stresses....

  16. HUBUNGAN RETURN SAHAM DAN INFLASI DI INDONESIA

    Directory of Open Access Journals (Sweden)

    Nyoman Triaryati

    2017-03-01

    Full Text Available The effect of inflation to the stock return research had been held since three decades ago based on GeneralizeFisher’s Hypotheses, but ‘how inflation influenced stock return’ had become a debate until today. In Indonesiamost of the related research used inflation as one of the variables that influenced stock return despite of others inshort period of time. This research investigated the effect of inflation to the stock return in Indonesia within fifteenyears, which was divided into 3 (three periods of time reflecting different economic growth for each of it. Thepurpose of this allotment was to see the consistency how inflation influenced the stock market. Using a secondarydata from monthly inflation and IHSG period 1998 until 2012, included three hundred and sixty observation,simple regression model analyses was applied. This research acknowledged that inflation negatively influencedstock return in a long time period, but it did not exist in the short time period, except when the level of inflationreached 10%. In conclusion, inflation influence on the stock return was not ascertained by how long the investigationwas held but if there was any inflation rate reaching 10% within the period of investigation.

  17. Dynamic returns of beta arbitrage

    OpenAIRE

    Nascimento, Mafalda

    2017-01-01

    This thesis studies the patterns of the abnormal returns of the beta strategy. The topic can be helpful for professional investors, who intend to achieve a better performance in their portfolios. Following the methodology of Lou, Polk, & Huang (2016), the COBAR measure is computed in order to determine the levels of beta arbitrage in the market in each point in time. It is argued that beta arbitrage activity can have impact on the returns of the beta strategy. In fact, it is demonstrated that...

  18. A Two-Stage Algorithm for the Closed-Loop Location-Inventory Problem Model Considering Returns in E-Commerce

    Directory of Open Access Journals (Sweden)

    Yanhui Li

    2014-01-01

    Full Text Available Facility location and inventory control are critical and highly related problems in the design of logistics system for e-commerce. Meanwhile, the return ratio in Internet sales was significantly higher than in the traditional business. Focusing on the existing problem in e-commerce logistics system, we formulate a closed-loop location-inventory problem model considering returned merchandise to minimize the total cost which is produced in both forward and reverse logistics networks. To solve this nonlinear mixed programming model, an effective two-stage heuristic algorithm named LRCAC is designed by combining Lagrangian relaxation with ant colony algorithm (AC. Results of numerical examples show that LRCAC outperforms ant colony algorithm (AC on optimal solution and computing stability. The proposed model is able to help managers make the right decisions under e-commerce environment.

  19. The High Accuracy Measurement of CO2 Mixing Ratio Profiles Using Ground Based 1.6 μm CO2-DIAL with Temperature Measurement Techniques in the Lower-Atmosphere

    Science.gov (United States)

    Abo, M.; Shibata, Y.; Nagasawa, C.

    2017-12-01

    We have developed a ground based direct detection three-wavelength 1.6 μm differential absorption lidar (DIAL) to achieve measurements of vertical CO2 concentration and temperature profiles in the atmosphere. As the spectra of absorption lines of any molecules are influenced basically by the temperature and pressure in the atmosphere, it is important to measure them simultaneously so that the better accuracy of the DIAL measurement is realized. Conventionally, we have obtained the vertical profile of absorption cross sections using the atmospheric temperature profile by the objective analysis and the atmospheric pressure profile calculated by the pressure height equation. Comparison of atmospheric pressure profiles calculated from this equation and those obtained from radiosonde observations at Tateno, Japan is consistent within 0.2 % below 3 km altitude. But the temperature dependency of the CO2 density is 0.25 %/°C near the surface. Moreover, the CO2 concentration is often evaluated by the mixing ratio. Because the air density is related by the ideal gas law, the mixing ratio is also related by the atmospheric temperature. Therefore, the temperature affects not only accuracy of CO2 concentration but the CO2 mixing ratio. In this paper, some experimental results of the simultaneous measurement of atmospheric temperature profiles and CO2 mixing ratio profiles are reported from 0.4 to 2.5 km altitude using the three-wavelength 1.6 μm DIAL system. Temperature profiles of CO2 DIAL measurement were sometimes different from those of objective analysis below 1.5 km altitude. These differences are considered to be due to regionality at the lidar site. The temperature difference of 5.0 °C corresponds to a CO2 mixing ratio difference of 8.0 ppm at 500 m altitude. This cannot be ignored in estimates of regional sources and sinks of CO2. This three-wavelength CO2 DIAL technique can estimate accurately temporal behavior of CO2 mixing ratio profiles in the lower atmosphere

  20. Return to work after vocational rehabilitation: does mindfulness matter?

    Directory of Open Access Journals (Sweden)

    Vindholmen S

    2014-02-01

    predicted RTW. However, when the data were analyzed after stratification by education level, the "observation" facet of mindfulness made a significant contribution to the model (odds ratio =1.28, confidence interval =1.03–1.59 for "high educated" participants.Conclusion: These data suggest that mindfulness may enhance RTW and work ability through QOL. Furthermore, for "high educated" participants the observation facet of mindfulness significantly predicted RTW.Keywords: work ability, quality of life, multidisciplinary, mindfulness, return to work, vocational rehabilitation

  1. Returns on Investment in California County Departments of Public Health.

    Science.gov (United States)

    Brown, Timothy T

    2016-08-01

    To estimate the average return on investment for the overall activities of county departments of public health in California. I gathered the elements necessary to estimate the average return on investment for county departments of public health in California during the period 2001 to 2008-2009. These came from peer-reviewed journal articles published as part of a larger project to develop a method for determining return on investment for public health by using a health economics framework. I combined these elements by using the standard formula for computing return on investment, and performed a sensitivity analysis. Then I compared the return on investment for county departments of public health with the returns on investment generated for various aspects of medical care. The estimated return on investment from $1 invested in county departments of public health in California ranges from $67.07 to $88.21. The very large estimated return on investment for California county departments of public health relative to the return on investment for selected aspects of medical care suggests that public health is a wise investment.

  2. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

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

  3. q-Gaussian distributions of leverage returns, first stopping times, and default risk valuations

    Science.gov (United States)

    Katz, Yuri A.; Tian, Li

    2013-10-01

    We study the probability distributions of daily leverage returns of 520 North American industrial companies that survive de-listing during the financial crisis, 2006-2012. We provide evidence that distributions of unbiased leverage returns of all individual firms belong to the class of q-Gaussian distributions with the Tsallis entropic parameter within the interval 1distributions imply a much higher probability of extreme movements in a company’s leverage ratio than forecasted by the normal distribution (q=1). Motivated by these findings, we develop a q-Gaussian generalization of traditional structural models of default. Derived exact analytical expressions for the probability distribution of a first stopping time and its intensity forecast significantly higher probability of default and much wider credit spreads at short time-horizons. Our findings are broadly consistent with the results of empirical studies in equity markets and are essential for single-name default forecasting as well as valuations of portfolio credit risk and economic capital, which might be underestimated by a classic theory of diversified portfolio optimization.

  4. Barriers to return to work after burn injuries.

    Science.gov (United States)

    Esselman, Peter C; Askay, Shelley Wiechman; Carrougher, Gretchen J; Lezotte, Dennis C; Holavanahalli, Radha K; Magyar-Russell, Gina; Fauerbach, James A; Engrav, Loren H

    2007-12-01

    To identify barriers to return to work after burn injury as identified by the patient. A cohort study with telephone interview up to 1 year. Hospital-based burn centers at 3 national sites. Hospitalized patients (N=154) meeting the American Burn Association criteria for major burn injury, employed at least 20 hours a week at the time of injury, and with access to a telephone after discharge. Patients were contacted via telephone every 2 weeks up to 4 months, then monthly up to 1 year after discharge. A return to work survey was used to identify barriers that prevented patients from returning to work. A graphic rating scale determined the impact of each barrier. By 1 year, 79.7% of patients returned to work. Physical and wound issues were barriers early after discharge. Although physical abilities continued to be a significant barrier up to 1 year, working conditions (temperature, humidity, safety) and psychosocial factors (nightmares, flashbacks, appearance concerns) became important issues in those with long-term disability. The majority of patients return to work after a burn injury. Although physical and work conditions are important barriers, psychosocial issues need to be evaluated and treated to optimize return to work.

  5. Return to Experience and Initial Wage Level

    DEFF Research Database (Denmark)

    Sørensen, Kenneth Lykke; Vejlin, Rune Majlund

    This paper estimates the relationship between initial wage and return to experience. We use a Mincer-like wage model to nonparametrically estimate this relationship allowing for an unobservable individual permanent effect in wages and unobservable individual return to experience. The relationship...

  6. Intergranular attack evaluation from hideout return

    International Nuclear Information System (INIS)

    Nordmann, F.; Dupin, M.; Menet, O.; Fiquet, J.-M.

    1989-01-01

    Intergranular Attack (IGA) is the secondary side corrosion mechanism on PWR steam generator tubing, which can occur most frequently even with a good waterchemistry. It has moderately developed in a few French units. Consequently, several remedies have been implemented, such as sodium content decrease in makeup water and application of more stringent chemistry specifications. In order to evaluate the local chemistry in restricted areas where IGA may occur, a large hideout return programme has been carried out on many units. It shows that free alkalinity returning during shutdown is usually ranging from 0.5 to 5 g of sodium per steam generator, and that the required time to let it return is about 40 hours. However, high temperature pH calculations indicate that such an amount of alkalinity can correspond to a potentially corrosive solution in restricted areas, where a concentration factor of 10 5 to 10 7 can be reached, inducing a pH of 10 at 300 o C. Studies are still in progress in order to define when a shutdown should be required to allow hideout return and help to prevent IGA. (author)

  7. Nurses' views about returning to practice after a career break.

    Science.gov (United States)

    Durand, Mary Alison; Randhawa, Gurch

    Shortages in nursing staff have led to recruitment campaigns targeting nurses who have left the profession. The present study explored reasons why career-break nurses decide for or against a return to practice, as well as perceptions of nursing following return. Semistructured interview were conducted with 24 nurses who had returned recently to the profession and 28 nurses on a "career break". Findings revealed that those who returned did so when their personal circumstances allowed, and half returned as bank nurses in order to work flexible, family-friendly hours. Some non-returners reported that they could not afford to return because of childcare costs. Although still a caring one, the nurse's role is seen by returners as becoming increasingly technologically and administratively demanding. Flexibility with regard to working practices, increased salaries and demonstrating that it values its staff, were highlighted by interviewees generally as priority issues for the NHS if it wishes to recruit career-break nurses.

  8. Return to experience and initial wage level

    DEFF Research Database (Denmark)

    Sørensen, K.L.; Vejlin, R.

    2014-01-01

    This paper estimates the relationship between initial wage and return to experience. We use a Mincer-like wage model to non-parametrically estimate this relationship allowing for an unobservable individual permanent effect in wages and unobservable individual return to experience. The relationshi...

  9. Legal institutions, strategic default, and stock returns

    NARCIS (Netherlands)

    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

  10. Husbands' return migration and wives' occupational choices

    NARCIS (Netherlands)

    Mahe, Clotilde

    2017-01-01

    Exploiting the documented effect of migration on occupational choice upon return to their origin country with data from Egypt, we establish a link between return migration of men and their wives' time use through within-couple occupational interdependence. Seemingly Unrelated Regression model

  11. Atmospheric and radiogenic gases in ground waters from the Stripa granite

    International Nuclear Information System (INIS)

    Andrews, J.N.; Hussain, N.; Youngman, M.J.

    1989-01-01

    Ground waters from depths of 350 m to 1,250 m in the Stripa granite contain dissolved radiogenic He in amounts up to 50,000 times that due to air-saturation. The groundwater He-contents increase with depth and lie close to the expected profile for He loss by aqueous diffusion (D = 0.032 m 2 a -1 ). Measurements on core samples show that the rock has retained about 10% of the possible cumulative radiogenic He and that this component is lost by matrix diffusion (D = 5 x 10 -7 m 2 a -1 ). Diffusive equilibrium between He in fracture fluids and in the adjacent rock matrix is rapidly established for the narrow fracture widths of the flow system. A major loss of stored He by both diffusion and advection along fluid-filled fractures is attributed to the proximity of a major fraction of uranium to the aqueous flow system because of its deposition within an interconnective microfracture system. The crustal flux of He is limited by its diffusion coefficient in the matrix of a granitic crust but may be supplemented by transport due to fluid circulation. The 3 He/ 4 He ratio of the excess He present in the Stripa ground waters, corresponds to that expected for radiogenic He production within the granite. The 40 Ar/ 36 Ar ratio of dissolved Ar shows that radiogenic 40 Ar has been released from the rock matrix, especially for ground waters from greater than 450 m depth. Slow alteration reactions are the most probable cause of this radiogenic 40 Ar release which has occurred in the more saline ground waters. Groundwater recharge temperatures, estimated from their noble gas contents, are about 3 degree C lower than those for modern shallow ground waters in the locality and are related to the stable isotope composition of the groundwater

  12. Returns to food and agricultural R&D investments in Sub-Saharan Africa, 1975-2014.

    Science.gov (United States)

    Pardey, Philip G; Andrade, Robert S; Hurley, Terrance M; Rao, Xudong; Liebenberg, Frikkie G

    2016-12-01

    Research-enabled growth in agricultural productivity is pivotal to sub-Saharan Africa's overall economic growth prospects. Yet, investments in research and development (R&D) targeted to many national food and agricultural economies throughout Africa are fragile and faltering. To gain insight into what could be driving this trend, this article updates, summarizes and reassesses the published evidence on the returns to African agricultural R&D. Based on a compilation of 113 studies published between 1975 and 2014 spanning 25 countries, the reported internal rates of return ( IRRs ) to food and agricultural research conducted in or of direct consequence for sub-Saharan Africa averaged 42.3%py. In addition to the 376 IRR estimates, the corresponding 129 benefit-cost ratios ( BCRs ) averaged 30.1. Most (96.5%) of the returns-to-research evaluations are of publicly performed R&D, and the majority (87.6%) of the studies were published in the period 1990-2009. The large dispersion in the reported IRRs and BCRs makes it difficult to discern meaningful patterns in the evidence. Moreover, the distribution of IRRs is heavily (positively) skewed, such that the median value (35.0%py) is well below the mean, like it is for research done elsewhere in the world (mean 62.4%py; median 38.0%py). Around 78.5% of the evaluations relate to the commodity-specific consequences of agricultural research, while 5.5% report on the returns to an "all agriculture" aggregate. The weight of commodity-specific evaluation evidence is not especially congruent with the composition of agricultural production throughout Africa, nor, to the best that can be determined, the commodity orientation of public African agricultural R&D.

  13. Risk-return relationship in a complex adaptive system.

    Directory of Open Access Journals (Sweden)

    Kunyu Song

    Full Text Available For survival and development, autonomous agents in complex adaptive systems involving the human society must compete against or collaborate with others for sharing limited resources or wealth, by using different methods. One method is to invest, in order to obtain payoffs with risk. It is a common belief that investments with a positive risk-return relationship (namely, high risk high return and vice versa are dominant over those with a negative risk-return relationship (i.e., high risk low return and vice versa in the human society; the belief has a notable impact on daily investing activities of investors. Here we investigate the risk-return relationship in a model complex adaptive system, in order to study the effect of both market efficiency and closeness that exist in the human society and play an important role in helping to establish traditional finance/economics theories. We conduct a series of computer-aided human experiments, and also perform agent-based simulations and theoretical analysis to confirm the experimental observations and reveal the underlying mechanism. We report that investments with a negative risk-return relationship have dominance over those with a positive risk-return relationship instead in such a complex adaptive systems. We formulate the dynamical process for the system's evolution, which helps to discover the different role of identical and heterogeneous preferences. This work might be valuable not only to complexity science, but also to finance and economics, to management and social science, and to physics.

  14. Risk-return relationship in a complex adaptive system.

    Science.gov (United States)

    Song, Kunyu; An, Kenan; Yang, Guang; Huang, Jiping

    2012-01-01

    For survival and development, autonomous agents in complex adaptive systems involving the human society must compete against or collaborate with others for sharing limited resources or wealth, by using different methods. One method is to invest, in order to obtain payoffs with risk. It is a common belief that investments with a positive risk-return relationship (namely, high risk high return and vice versa) are dominant over those with a negative risk-return relationship (i.e., high risk low return and vice versa) in the human society; the belief has a notable impact on daily investing activities of investors. Here we investigate the risk-return relationship in a model complex adaptive system, in order to study the effect of both market efficiency and closeness that exist in the human society and play an important role in helping to establish traditional finance/economics theories. We conduct a series of computer-aided human experiments, and also perform agent-based simulations and theoretical analysis to confirm the experimental observations and reveal the underlying mechanism. We report that investments with a negative risk-return relationship have dominance over those with a positive risk-return relationship instead in such a complex adaptive systems. We formulate the dynamical process for the system's evolution, which helps to discover the different role of identical and heterogeneous preferences. This work might be valuable not only to complexity science, but also to finance and economics, to management and social science, and to physics.

  15. Expected commodity returns and pricing models

    International Nuclear Information System (INIS)

    Cortazar, Gonzalo; Kovacevic, Ivo; Schwartz, Eduardo S.

    2015-01-01

    Stochastic models of commodity prices have evolved considerably in terms of their structure and the number and interpretation of the state variables that model the underlying risk. Using multiple factors, different specifications and modern estimation techniques, these models have gained wide acceptance because of their success in accurately fitting the observed commodity futures' term structures and their dynamics. It is not well emphasized however that these models, in addition to providing the risk neutral distribution of future spot prices, also provide their true distribution. While the parameters of the risk neutral distribution are estimated more precisely and are usually statistically significant, some of the parameters of the true distribution are typically measured with large errors and are statistically insignificant. In this paper we argue that to increase the reliability of commodity pricing models, and therefore their use by practitioners, some of their parameters — in particular the risk premium parameters — should be obtained from other sources and we show that this can be done without losing any precision in the pricing of futures contracts. We show how the risk premium parameters can be obtained from estimations of expected futures returns and provide alternative procedures for estimating these expected futures returns. - Highlights: • Simple methodology to improve the performance of commodity pricing models • New information about commodity futures expected return is added to the estimation. • No significant effect in pricing futures contracts is observed. • More reliable commodity pricing model's expected returns are obtained. • Methodology is open to any expected futures return model preferred by practitioner

  16. Synthesis to Special Issue on New Studies in EROI (Energy Return on Investment

    Directory of Open Access Journals (Sweden)

    Charles A.S. Hall

    2011-12-01

    Full Text Available This paper is a synthesis of a series of twenty papers on the topic of EROI, or energy return on investment. EROI is simply the energy gained from an energy-obtaining effort divided by the energy used to get that energy. For example, one barrel of oil invested into getting oil out of the ground might return fifty, thirty, ten or one barrel, depending when and where the process is taking place. It is meant to be read in conjunction with the first paper in this special issue and also a number of the papers themselves. As such I try to summarize what general trends we might conclude from these varied and often highly technical papers. About half of the papers are reports on empirical analyses of various energy sources such as Norwegian or Gulf of Mexico oil, Pennsylvania gas and so on. About a quarter of the papers are methodological: how do we go about undertaking these analyses, what problems are there, what are the proper boundaries and so on. The final quarter are in a sense philosophical: since it appears that we will be living indefinitely in a world of decreasing EROIs, what are the economic, social and psychological implications? The rest of this paper summarizes the results of these studies.

  17. Returns on Investment in California County Departments of Public Health

    Science.gov (United States)

    2016-01-01

    Objectives. To estimate the average return on investment for the overall activities of county departments of public health in California. Methods. I gathered the elements necessary to estimate the average return on investment for county departments of public health in California during the period 2001 to 2008–2009. These came from peer-reviewed journal articles published as part of a larger project to develop a method for determining return on investment for public health by using a health economics framework. I combined these elements by using the standard formula for computing return on investment, and performed a sensitivity analysis. Then I compared the return on investment for county departments of public health with the returns on investment generated for various aspects of medical care. Results. The estimated return on investment from $1 invested in county departments of public health in California ranges from $67.07 to $88.21. Conclusions. The very large estimated return on investment for California county departments of public health relative to the return on investment for selected aspects of medical care suggests that public health is a wise investment. PMID:27310339

  18. Business ratio report: an industry sector analysis. 7. ed.

    International Nuclear Information System (INIS)

    1992-01-01

    This publication not only compiles and assimilates a vast wealth of information relating to 126 UK companies in oil and gas exploration, refining and distribution, but it also presents it in an easily digestible form. Relative company performance is ranked in a series of tables and compared with an overall average for the industry. The report analyses a fixed sample of companies over a three year period. As an indication of the longer-term trend a graphical representation of the return on capital, profit margin, stock to sales, credit period, profit per employee and sales per employee ratios are featured for a period of up to seven years. (150 tables). (author)

  19. Exploring consumer online product returning behavior : Chinese e-consumers’ perspective

    OpenAIRE

    Zhu, Yijun

    2018-01-01

    In the retail world, product returns are a common practice by consumers. Many businesses have been attempting to obtain more sales by providing customers with lenient return policies as well as customer-friendly return processes and procedures. Over the past decade, the issue of product returns by consumers is on the rise and drawing increased attention from practitioners and researchers. The objective of this thesis is to explore Chinese e-consumers’ perception of fraudulent returning beh...

  20. Analyse Risk-Return Paradox: Evidence from Electricity Sector of Pakistan

    OpenAIRE

    Naqi Shah, Sadia; Qayyum, Abdul

    2016-01-01

    This study analyse risk return relationship of the electricity companies of Pakistan by using the log return series of these electricity companies. Financial time series data have the property of autoregressive heteroscedasticity so move towards the GARCH family test. As the study want to analyse the risk return relationship so, GARCH-M Model of Engel et al (1987) is used, who empirically found relationship between risk and return. Results show that risk return in case of Pakistan electricity...

  1. Returns management in the supply chain

    Directory of Open Access Journals (Sweden)

    Anna Maria Jeszka

    2014-09-01

    Full Text Available Background:  The aim of this exploratory empirical research was to evaluate the level of cooperation in the area of reverse logistics between selected retail chains and logistics operators and suppliers; to identify and evaluate the influence the procedures of handling returns have on the relationships with customers, cost reduction, value recovery, inventory reduction and increasing profitability; as well as determining to what extent logistics operators are involved in the procedures of handling returns in the analysed chains. Methods: Based on the literature and the experience of researchers from developed countries a questionnaire was constructed which was subsequently used to conduct empirical research in selected retail chains operating in two provinces in Poland. The questionnaire survey involved the sales personnel of selected retail chains in the clothing industry. Overall, 105 questionnaires were collected and analysed. Results: Various aspects of cooperation with suppliers and logistics operators in respect of handling returns were evaluated. Most indicators of cooperation were evaluated favourably, with the exception of joint access to the database, the use of inventory data available online, and access to information from the warehouse, which received low marks from the respondents. In the case of the studied stores, some of the activities in the area of reverse logistics are outsourced; for example, obtaining products from users, logistics, and the transport of returns are typically done by an outside operator. Inspection, sorting, appraisal, repairs, as well as the sales of refurbished products are usually performed within the studied retail corporations. Conclusions: The research has shown that the retail chains developed very good programmes for handling returns in the supply chain, as evidenced by the presented and highly rated indicators of cooperation, with the exception of information exchange where there is still much

  2. Probabilistic analysis of deformed mode of engineering constructions’ soil-cement grounds

    Directory of Open Access Journals (Sweden)

    Vynnykov Yuriy

    2017-01-01

    Full Text Available The results of the analysis of probabilistic methods that are used to assess the deformed state of the foundations of engineering structures are presented. A finite element analysis of the stress-strain state of the “man made soil ground – foundation – structure” system was carried out. A method for probabilistic calculation using the finite element method is proposed. On a real example, the level of reliability of a design decision based on a deterministic calculation is estimated by probabilistic calculation. On the basis of the statistic data obtained by imitational modeling, the probability of failure and no-failure operation of the structure regarding the absolute value of settlement and regarding the value of tilt against the reinforcement ratio of soft soil grounds settlements was determined. The probability of failure regarding the value of tilt against the reinforcement ratio was taken (15 to 25%, which is 0.03 – 0.05.

  3. Return to the workforce following infective endocarditis

    DEFF Research Database (Denmark)

    Butt, Jawad H.; Kragholm, Kristian; Dalager-Pedersen, Michael

    2018-01-01

    Background The ability to return to work after infective endocarditis (IE) holds important socioeconomic consequences for both patients and society, yet data on this issue are sparse. We examined return to the workforce and associated factors in IE patients of working age. Methods Using Danish...

  4. Return Predictability, Model Uncertainty, and Robust Investment

    DEFF Research Database (Denmark)

    Lukas, Manuel

    Stock return predictability is subject to great uncertainty. In this paper we use the model confidence set approach to quantify uncertainty about expected utility from investment, accounting for potential return predictability. For monthly US data and six representative return prediction models, we...... find that confidence sets are very wide, change significantly with the predictor variables, and frequently include expected utilities for which the investor prefers not to invest. The latter motivates a robust investment strategy maximizing the minimal element of the confidence set. The robust investor...... allocates a much lower share of wealth to stocks compared to a standard investor....

  5. EFFECTOF ISOLATION WALL USING SCRAP TIRE ON GROUND VIBRATION REDUCTION

    Science.gov (United States)

    Kashimoto, Takahiko; Kashimoto, Yusuke; Hayakawa, Kiyoshi; Matsui, Tamotsu; Fujimoto, Hiroaki

    Some countermeasure methods against the environmental ground vibration caused by some traffic vibrations have been proposed so far. The authors have developed a new type ground vibration isolation wall using scrap tire, and evaluated its effectiveness on the ground vibration reduction by full scale field tests. In this paper, the authors discussed and examined the effectiveness of the developed countermeasure method by two field tests. The one concerns on the effect of scrap tire as soft material of vibration isolation wall, and the other on the effect of the developed countermeasure method practically applied in a residential area close to monorail traffic. As the results, it was elucidated that the ground vibration of 2-3 dB was reduced in case of two times volume of the soft material, the conversion ratio of the vibration energy of the soft material to the kinetic energy was higher than that of the core material of PHC pile, the vibration acceleration of 0.19 - 1.26 gal was reduced by the developed countermeasure method in case of the monorail traffic, and the vibration reduction measured behind the isolation wall agreed well with the proposed theoretical value, together with confirming the effectiveness of the ground vibration isolation wall using scrap tire as the countermeasure method against the environmental ground vibration.

  6. Positive attitudes and preserved high level of motor performance are important factors for return to work in younger persons after stroke: a national survey.

    Science.gov (United States)

    Lindström, Britta; Röding, Jenny; Sundelin, Gunnevi

    2009-09-01

    Significant numbers of younger persons with stroke should be given the opportunity to return to work. The aim of this study was to investigate factors of importance for return to work among persons after first ever stroke, in the age range 18-55 years. A questionnaire was sent to all persons who had experienced a first ever stroke, 18-55 years of age, registered in the Swedish national quality register for stroke care, Riks-Stroke. Of the 1068 who answered the questionnaire, 855 (539 men and 316 women) were in paid employment before their stroke, and were included in this study. Sixty-five percent returned to work and, of these, an equal proportion were men and women. Significant factors associated with return to work were the perceived importance of work (odds ratio (OR) 5.10), not perceiving themselves as a burden on others (OR 3.33), support from others for return to work (OR 3.66), retaining the ability to run a short distance (OR 2.77), and higher socioeconomic codes (OR 2.12). A negative association was found between those rehabilitated in wards intended for younger persons and return to work (OR 0.37). External support from others, and positive attitudes towards return to work, were factors associated with successful return to work after stroke. Contrary to what was expected, independence in personal activities of daily living and cognitive factors were not associated with return to work to the same extent as persistent higher level of physical functions, such as ability to run a short distance.

  7. ANALISIS PENGARUH ECONOMIC VALUE ADDED (EVA DAN RASIO KEUANGAN TERHADAP RETURN SAHAM SYARIAH

    Directory of Open Access Journals (Sweden)

    Lilik Sri Hariani

    2010-02-01

    Full Text Available This research investigated the simultaneous impact and partial impact of financial ratios (ROA, ROE, EPS and Economic Value-Added (EVA on stock return. One of the four independent variables, that is EVA, are new concepts for measuring financial performance. Explanatory method was used in this research, and the sample was collected using purposive sampling method from Jakarta Islamic Index listed in Bursa Efek Indonesia (BEI, Indonesia Stock Exchange for the period 2005 - 2007. Multiple linear regression was used for the analysis in this research.The result of the analysis shows that all independent variables, that is Return on Assets (ROA, Return on Equity (ROE, Earnings per Share (EPS and EVA have both simultaneous and partial impact on the dependent variable, that is stock return. An interesting finding is that the regression coefficients are different among the variables. ROE and EPS were found to have positive and significant impact on dependent variable while EVA and ROA were found to have negative and significant impact on dependent variable. A positive value for ROE means that the ROE variable can be taken as a measure for a company’s effectivity in utilizing equity in the effort to gain profit. While EPS was found to have the most dominant impact on stock price. The higher the EPS, the greater management’s success in gaining profit for the shareholder or investors. ROA was found to have negative and significant. A finding of this research which is contrary to previous research is that economic value added (EVA was found to have negative and significant impact on stock price. However this finding can be explained as follows: first, the average debt in the companies in the sample is greater than the value of their equity so that EVA will increase due to the reduction in WACC. The increase in EVA is accompanied by a reduction in stock return. Second, positive EVA is not accompanied by any increase of stock performance in the market; and

  8. 26 CFR 1.6031(a)-1 - Return of partnership income.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 13 2010-04-01 2010-04-01 false Return of partnership income. 1.6031(a)-1...) INCOME TAX (CONTINUED) INCOME TAXES Information Returns § 1.6031(a)-1 Return of partnership income. (a) Domestic partnerships—(1) Return required. Except as provided in paragraphs (a)(3) and (c) of this section...

  9. A reliable simultaneous representation of seismic hazard and of ground shaking recurrence

    Science.gov (United States)

    Peresan, A.; Panza, G. F.; Magrin, A.; Vaccari, F.

    2015-12-01

    Different earthquake hazard maps may be appropriate for different purposes - such as emergency management, insurance and engineering design. Accounting for the lower occurrence rate of larger sporadic earthquakes may allow to formulate cost-effective policies in some specific applications, provided that statistically sound recurrence estimates are used, which is not typically the case of PSHA (Probabilistic Seismic Hazard Assessment). We illustrate the procedure to associate the expected ground motions from Neo-deterministic Seismic Hazard Assessment (NDSHA) to an estimate of their recurrence. Neo-deterministic refers to a scenario-based approach, which allows for the construction of a broad range of earthquake scenarios via full waveforms modeling. From the synthetic seismograms the estimates of peak ground acceleration, velocity and displacement, or any other parameter relevant to seismic engineering, can be extracted. NDSHA, in its standard form, defines the hazard computed from a wide set of scenario earthquakes (including the largest deterministically or historically defined credible earthquake, MCE) and it does not supply the frequency of occurrence of the expected ground shaking. A recent enhanced variant of NDSHA that reliably accounts for recurrence has been developed and it is applied to the Italian territory. The characterization of the frequency-magnitude relation can be performed by any statistically sound method supported by data (e.g. multi-scale seismicity model), so that a recurrence estimate is associated to each of the pertinent sources. In this way a standard NDSHA map of ground shaking is obtained simultaneously with the map of the corresponding recurrences. The introduction of recurrence estimates in NDSHA naturally allows for the generation of ground shaking maps at specified return periods. This permits a straightforward comparison between NDSHA and PSHA maps.

  10. Tick size and stock returns

    Science.gov (United States)

    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.

  11. Satellite and Ground Based Monitoring of Aerosol Plumes

    International Nuclear Information System (INIS)

    Doyle, Martin; Dorling, Stephen

    2002-01-01

    Plumes of atmospheric aerosol have been studied using a range of satellite and ground-based techniques. The Sea-viewing WideField-of-view Sensor (SeaWiFS) has been used to observe plumes of sulphate aerosol and Saharan dust around the coast of the United Kingdom. Aerosol Optical Thickness (AOT) was retrieved from SeaWiFS for two events; a plume of Saharan dust transported over the United Kingdom from Western Africa and a period of elevated sulphate experienced over the Easternregion of the UK. Patterns of AOT are discussed and related to the synoptic and mesoscale weather conditions. Further observation of the sulphate aerosol event was undertaken using the Advanced Very High Resolution Radiometer instrument(AVHRR). Atmospheric back trajectories and weather conditions were studied in order to identify the meteorological conditions which led to this event. Co-located ground-based measurements of PM 10 and PM 2.5 were obtained for 4sites within the UK and PM 2.5/10 ratios were calculated in order to identify any unusually high or low ratios(indicating the dominant size fraction within the plume)during either of these events. Calculated percentiles ofPM 2.5/10 ratios during the 2 events examined show that these events were notable within the record, but were in noway unique or unusual in the context of a 3 yr monitoring record. Visibility measurements for both episodes have been examined and show that visibility degradation occurred during both the sulphate aerosol and Saharan dust episodes

  12. A Study on the risk-return characteristics and the diversification benefit of the Hedge Fund industry

    OpenAIRE

    Bagaria, Neha

    2007-01-01

    Hedge funds with their dynamic trading strategies have gained great popularity in the past decade and have been found to provide significant diversification benefits to a traditional portfolio of assets. As an investment strategy they assure higher returns at a lower risk. Thus we will investigate its unique characteristics and its relation with the S&P 500 index through various quantitative tools like simple regression analysis, Sharpe ratios and graphical and correlation analysis of the dif...

  13. DESIGNING THE RETURN MIGRATION OF ROMANIAN STUDENTS

    Directory of Open Access Journals (Sweden)

    Magdalena VELCIU

    2017-05-01

    Full Text Available Romanian youth migration is an increasing phenomenon, due to subjective and objective factors as economical reasons, professional carrer and increasingly more international competition for talent. In these circumstances, the present article aims to evaluate determinant factors that contribute to the decision of Romanian graduates to return national labour market. We sustain that young Romanians consider carefully and hardly decide their professional future. A particular attention is given to their personal reasons and motivations as well as family and friends network. For designing returning factors we present the results of a questionnaire survey, asking young pupils and students about their future educational way and personal reasons underlying the decision to study in a foreign country and taking into consideration the returning decision. As far international student migration is seen as a first step to migration for work, our work desires to fight for returning home of Romanian well-educated graduates.

  14. Fluctuation behaviors of financial return volatility duration

    Science.gov (United States)

    Niu, Hongli; Wang, Jun; Lu, Yunfan

    2016-04-01

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

  15. Numerical study on the impact of ground heating and ambient wind speed on flow fields in street canyons

    Science.gov (United States)

    Li, Lei; Yang, Lin; Zhang, Li-Jie; Jiang, Yin

    2012-11-01

    The impact of ground heating on flow fields in street canyons under different ambient wind speed conditions was studied based on numerical methods. A series of numerical tests were performed, and three factors including height-to-width (H/W) ratio, ambient wind speed and ground heating intensity were taken into account. Three types of street canyon with H/W ratios of 0.5, 1.0 and 2.0, respectively, were used in the simulation and seven speed values ranging from 0.0 to 3.0 m s-1 were set for the ambient wind speed. The ground heating intensity, which was defined as the difference between the ground temperature and air temperature, ranged from 10 to 40 K with an increase of 10 K in the tests. The results showed that under calm conditions, ground heating could induce circulation with a wind speed of around 1.0 m s-1, which is enough to disperse pollutants in a street canyon. It was also found that an ambient wind speed threshold may exist for street canyons with a fixed H/W ratio. When ambient wind speed was lower than the threshold identified in this study, the impact of the thermal effect on the flow field was obvious, and there existed a multi-vortex flow pattern in the street canyon. When the ambient wind speed was higher than the threshold, the circulation pattern was basically determined by dynamic effects. The tests on the impact of heating intensity showed that a higher ground heating intensity could strengthen the vortical flow within the street canyon, which would help improve pollutant diffusion capability in street canyons.

  16. Return to play in elite rugby union: application of global positioning system technology in return-to-running programs.

    Science.gov (United States)

    Reid, Laura C; Cowman, Jason R; Green, Brian S; Coughlan, Garrett F

    2013-05-01

    Global positioning systems (GPS) are widely used in sport settings to evaluate the physical demands on players in training and competition. The use of these systems in the design and implementation of rehabilitation and return-to-running programs has not yet been elucidated. To demonstrate the application of GPS technology in the management of return to play in elite-club Rugby Union. Case series. Professional Rugby Union club team. 8 elite Rugby Union players (age 27.86 ± 4.78 y, height 1.85 ± 0.08 m, weight 99.14 ± 9.96 kg). Players wore GPS devices for the entire duration of a club game. Variables of locomotion speed and distance were measured. Differences in physical demands between playing positions were observed for all variables. An analysis of the position-specific physical demands measured by GPS provides key information regarding the level and volume of loads sustained by a player in a game environment. Using this information, sports-medicine practitioners can develop rehabilitation and return-to-running protocols specific to the player position to optimize safe return to play.

  17. Risk-Return Trade-Off for European Stock Markets

    OpenAIRE

    Aslanidis, Nektarios; Christiansen, Charlotte; Savva, Christos S.

    2015-01-01

    This paper adopts dynamic factor models with macro-finance predictors to revisit the intertemporal risk-return relation in five large European stock markets. We identify country specific, Euro area, and global factors to determine the conditional moments of returns considering the role of higher-order moments as additional measures of risk. The preferred combination of factors varies across countries. In the linear model, there is a strong but negative relation between conditional returns and...

  18. Understanding the Puzzling Risk-Return Relationship for Housing

    OpenAIRE

    Lu Han

    2013-01-01

    Standard theory predicts a positive relationship between risk and return, yet recent data show that housing returns vary positively with risk in some markets but negatively in others. This paper rationalizes these cross-market differences in the risk-return relationship for housing, and in so doing, explains the puzzling negative relationship. The paper shows that when the current house provides a hedge against the risk associated with the future housing consumption, households are willing to...

  19. 26 CFR 301.6063-1 - Signing of partnership returns.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 18 2010-04-01 2010-04-01 false Signing of partnership returns. 301.6063-1 Section 301.6063-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED....6063-1 Signing of partnership returns. For provisions relating to the signing of returns of partnership...

  20. Comet coma sample return instrument

    Science.gov (United States)

    Albee, A. L.; Brownlee, Don E.; Burnett, Donald S.; Tsou, Peter; Uesugi, K. T.

    1994-01-01

    The sample collection technology and instrument concept for the Sample of Comet Coma Earth Return Mission (SOCCER) are described. The scientific goals of this Flyby Sample Return are to return to coma dust and volatile samples from a known comet source, which will permit accurate elemental and isotopic measurements for thousands of individual solid particles and volatiles, detailed analysis of the dust structure, morphology, and mineralogy of the intact samples, and identification of the biogenic elements or compounds in the solid and volatile samples. Having these intact samples, morphologic, petrographic, and phase structural features can be determined. Information on dust particle size, shape, and density can be ascertained by analyzing penetration holes and tracks in the capture medium. Time and spatial data of dust capture will provide understanding of the flux dynamics of the coma and the jets. Additional information will include the identification of cosmic ray tracks in the cometary grains, which can provide a particle's process history and perhaps even the age of the comet. The measurements will be made with the same equipment used for studying micrometeorites for decades past; hence, the results can be directly compared without extrapolation or modification. The data will provide a powerful and direct technique for comparing the cometary samples with all known types of meteorites and interplanetary dust. This sample collection system will provide the first sample return from a specifically identified primitive body and will allow, for the first time, a direct method of matching meteoritic materials captured on Earth with known parent bodies.

  1. Grounded theory.

    Science.gov (United States)

    Harris, Tina

    2015-04-29

    Grounded theory is a popular research approach in health care and the social sciences. This article provides a description of grounded theory methodology and its key components, using examples from published studies to demonstrate practical application. It aims to demystify grounded theory for novice nurse researchers, by explaining what it is, when to use it, why they would want to use it and how to use it. It should enable nurse researchers to decide if grounded theory is an appropriate approach for their research, and to determine the quality of any grounded theory research they read.

  2. Investment Strategy Based on Aviation Accidents: Are there abnormal returns?

    Directory of Open Access Journals (Sweden)

    Marcos Rosa Costa

    2013-06-01

    Full Text Available This article investigates whether an investment strategy based on aviation accidents can generate abnormal returns. We performed an event study considering all the aviation accidents with more than 10 fatalities in the period from 1998 to 2009 and the stock market performance of the respective airlines and aircraft manufacturers in the days after the event. The tests performed were based on the model of Campbell, Lo & MacKinlay (1997 for definition of abnormal returns, by means of linear regression between the firms’ stock returns and the return of a market portfolio used as a benchmark. This enabled projecting the expected future returns of the airlines and aircraft makers, for comparison with the observed returns after each event. The result obtained suggests that an investment strategy based on aviation accidents is feasible because abnormal returns can be obtained in the period immediately following an aviation disaster.

  3. Ground cross-modal impedance as a tool for analyzing ground/plate interaction and ground wave propagation.

    Science.gov (United States)

    Grau, L; Laulagnet, B

    2015-05-01

    An analytical approach is investigated to model ground-plate interaction based on modal decomposition and the two-dimensional Fourier transform. A finite rectangular plate subjected to flexural vibration is coupled with the ground and modeled with the Kirchhoff hypothesis. A Navier equation represents the stratified ground, assumed infinite in the x- and y-directions and free at the top surface. To obtain an analytical solution, modal decomposition is applied to the structure and a Fourier Transform is applied to the ground. The result is a new tool for analyzing ground-plate interaction to resolve this problem: ground cross-modal impedance. It allows quantifying the added-stiffness, added-mass, and added-damping from the ground to the structure. Similarity with the parallel acoustic problem is highlighted. A comparison between the theory and the experiment shows good matching. Finally, specific cases are investigated, notably the influence of layer depth on plate vibration.

  4. Aggregate Unemployment Decreases Individual Returns to Education

    Science.gov (United States)

    Ammermueller, Andreas; Kuckulenz, Anja; Zwick, Thomas

    2009-01-01

    Aggregate unemployment may affect individual returns to education through qualification-specific responses in participation and wage bargaining. This paper shows that an increase in regional unemployment by 1% decreases returns to education by 0.005 percentage points. This implies that higher skilled employees are better sheltered from labour…

  5. Returnable containers: an example of reverse logistics

    NARCIS (Netherlands)

    L.G. Kroon (Leo); G.M.C. Vrijens

    1996-01-01

    textabstractConsiders the application of returnable containers as an example of reverse logistics. A returnable container is a type of secondary packaging that can be used several times in the same form, in contrast with traditional cardboard boxes. For this equipment to be used, a system for the

  6. Investing in non-communicable diseases: an estimation of the return on investment for prevention and treatment services.

    Science.gov (United States)

    Bertram, Melanie Y; Sweeny, Kim; Lauer, Jeremy A; Chisholm, Daniel; Sheehan, Peter; Rasmussen, Bruce; Upreti, Senendra Raj; Dixit, Lonim Prasai; George, Kenneth; Deane, Samuel

    2018-04-05

    The global burden of non-communicable diseases (NCDs) is growing, and there is an urgent need to estimate the costs and benefits of an investment strategy to prevent and control NCDs. Results from an investment-case analysis can provide important new evidence to inform decision making by governments and donors. We propose a methodology for calculating the economic benefits of investing in NCDs during the Sustainable Development Goals (SDGs) era, and we applied this methodology to cardiovascular disease prevention in 20 countries with the highest NCD burden. For a limited set of prevention interventions, we estimated that US$120 billion must be invested in these countries between 2015 and 2030. This investment represents an additional $1·50 per capita per year and would avert 15 million deaths, 8 million incidents of ischaemic heart disease, and 13 million incidents of stroke in the 20 countries. Benefit-cost ratios varied between interventions and country-income levels, with an average ratio of 5·6 for economic returns but a ratio of 10·9 if social returns are included. Investing in cardiovascular disease prevention is integral to achieving SDG target 3.4 (reducing premature mortality from NCDs by a third) and to progress towards SDG target 3.8 (the realisation of universal health coverage). Many countries have implemented cost-effective interventions at low levels, so the potential to achieve these targets and strengthen national income by scaling up these interventions is enormous. Copyright © 2018 World Health Organization. Published by Elsevier Ltd/Inc/BV. All rights reserved. Published by Elsevier Ltd.. All rights reserved.

  7. Sovereign Risk and Currently Returns

    DEFF Research Database (Denmark)

    Della Corte, Pasquale; Sarno, Lucio; Schmeling, Maik

    We empirically investigate the relation between sovereign risk and exchange rates for a broad set of currencies. An increase in the credit default swap (CDS) spread of a country is accompanied by a significant depreciation of the exchange rate. More generally, CDS spread changes have substantial...... explanatory power for currency returns which is largely driven by shocks to global credit risk. Consistent with the notion that sovereign risk is priced, we find that a country's exposure to global credit risk forecasts excess returns to trading exchange rates as well as to trading on the volatility, skewness...

  8. Sovereign Risk and Currency Returns

    DEFF Research Database (Denmark)

    Della Corte, Pasquale; Sarno, Lucio; Schmeling, Maik

    We empirically investigate the relation between sovereign risk and exchange rates for a broad set of currencies. An increase in the credit default swap (CDS) spread of a country is accompanied by a significant depreciation of the exchange rate. More generally, CDS spread changes have substantial...... explanatory power for currency returns which is largely driven by shocks to global credit risk. Consistent with the notion that sovereign risk is priced, we find that a country's exposure to global credit risk forecasts excess returns to trading exchange rates as well as to trading on the volatility, skewness...

  9. Return to golf after spine surgery.

    Science.gov (United States)

    Abla, Adib A; Maroon, Joseph C; Lochhead, Richard; Sonntag, Volker K H; Maroon, Adara; Field, Melvin

    2011-01-01

    no published evidence indicates when patients can resume golfing after spine surgery. The objective of this study is to provide data from surveys sent to spine surgeons. a survey of North American Spine Society members was undertaken querying the suggested timing of return to golf. Of 1000 spine surgeons surveyed, 523 responded (52.3%). The timing of recommended return to golf and the reasons were questioned for college/professional athletes and avid and recreational golfers of both sexes. Responses were tallied for lumbar laminectomy, lumbar microdiscectomy, lumbar fusion, and anterior cervical discectomy with fusion. the most common recommended time for return to golf was 4-8 weeks after lumbar laminectomy and lumbar microdiscectomy, 2-3 months after anterior cervical fusion, and 6 months after lumbar fusion. The results showed a statistically significant increase in the recommended time to resume golf after lumbar fusion than after cervical fusion in all patients (p golf after spine surgery depends on many variables, including the general well-being of patients in terms of pain control and comfort when golfing. This survey serves as a guide that can assist medical practitioners in telling patients the average times recommended by surgeons across North America regarding return to golf after spine surgery.

  10. Efficient Return Algorithms For Associated Plasticity With Multiple Yield Planes

    DEFF Research Database (Denmark)

    Clausen, Johan Christian; Damkilde, Lars; Andersen, Lars

    2006-01-01

    of such criteria. The return formulae are in closed form and no iteration is required. The method accounts for three types of stress return: Return to a single yield plane, to a discontinuity line at the intersection of two yield planes and to a discontinuity point at the intersection between three or more yield...... planes. The infinitesimal and the consistent elastoplastic constitutive matrix are calculated for each type of stress return, as are the conditions to ascertain which type of return is required. The method is exemplified with the Mohr-Coulomb yield criterion....

  11. An Indirect Impact of the Price to Book Value to the Stock Returns: An Empirical Evidence from the Property Companies in Indonesia

    Directory of Open Access Journals (Sweden)

    Hans Hananto Andreas

    2015-01-01

    Full Text Available This research empirically examines the influence of Dividend Payout Ratio (DPR, Return on Equity (ROE, Growth, and Degree of Financial Leverage (DFL on the Price to Book Value (PBV of the property companies in Indonesia. It also attempts to explore the indirect effects of the DPR, ROE, Growth, and DFL on the stock returns via the PBV. 36 property firms, which are listed in the Indonesian Stock Exchange from 2007 to 2013, were selected to be analyzed using the Path Analysis. The result of this research indicates that the variable of growth is found to have a significant impact on PBV. Meanwhile, the DPR, ROE, and DFL were found to be insignificant. The DPR, ROE, Growth, and DFL were found to affect PBV simultaneously. This study also proved that the PBV has a significant effect on the stock returns, while the DPR and DFL were not. The study also found that the DPR, PBV, and DFL have simultaneously affected stock returns of the property companies in Indonesia. The finding of this study implied that to predict the stock returns of the property companies, the investors and companies should take into account the changes in the growth and PBV.

  12. Competition-strength-dependent ground suppression in figure-ground perception.

    Science.gov (United States)

    Salvagio, Elizabeth; Cacciamani, Laura; Peterson, Mary A

    2012-07-01

    Figure-ground segregation is modeled as inhibitory competition between objects that might be perceived on opposite sides of borders. The winner is the figure; the loser is suppressed, and its location is perceived as shapeless ground. Evidence of ground suppression would support inhibitory competition models and would contribute to explaining why grounds are shapeless near borders shared with figures, yet such evidence is scarce. We manipulated whether competition from potential objects on the ground side of figures was high (i.e., portions of familiar objects were potentially present there) or low (novel objects were potentially present). We predicted that greater competition would produce more ground suppression. The results of two experiments in which suppression was assessed via judgments of the orientation of target bars confirmed this prediction; a third experiment showed that ground suppression is short-lived. Our findings support inhibitory competition models of figure assignment, in particular, and models of visual perception entailing feedback, in general.

  13. After a career break: supporting women returning to ICT

    OpenAIRE

    Herman, Clem

    2011-01-01

    This is a case study of an initiative to support women returning to ICT after a career break, which was run in the UK and Ireland between 2005 and 2011.The article starts by outlining how the UK government’s concern about women failing return to SET careers led to the setting up of a national campaign (RETURN) to address this issue. A brief overview of previous research about women’s reasons for leaving ICT employment and the difficulties and barriers they encounter in returning to work, sets...

  14. The risks and returns of stock investment in a financial market

    Science.gov (United States)

    Li, Jiang-Cheng; Mei, Dong-Cheng

    2013-03-01

    The risks and returns of stock investment are discussed via numerically simulating the mean escape time and the probability density function of stock price returns in the modified Heston model with time delay. Through analyzing the effects of delay time and initial position on the risks and returns of stock investment, the results indicate that: (i) There is an optimal delay time matching minimal risks of stock investment, maximal average stock price returns and strongest stability of stock price returns for strong elasticity of demand of stocks (EDS), but the opposite results for weak EDS; (ii) The increment of initial position recedes the risks of stock investment, strengthens the average stock price returns and enhances stability of stock price returns. Finally, the probability density function of stock price returns and the probability density function of volatility and the correlation function of stock price returns are compared with other literatures. In addition, good agreements are found between them.

  15. Measurement of the charge ratio of atmospheric muons with the CMS detector

    Energy Technology Data Exchange (ETDEWEB)

    Khachatryan, Vardan [Yerevan Physics Inst. (Armenia); et al.

    2010-08-01

    We present a measurement of the ratio of positive to negative muon fluxes from cosmic ray interactions in the atmosphere, using data collected by the CMS detector both at ground level and in the underground experimental cavern at the CERN LHC. Muons were detected in the momentum range from 5 GeV/c to 1 TeV/c. The surface flux ratio is measured to be 1.2766 \\pm 0.0032(stat.) \\pm 0.0032 (syst.), independent of the muon momentum, below 100 GeV/c. This is the most precise measurement to date. At higher momenta the data are consistent with an increase of the charge ratio, in agreement with cosmic ray shower models and compatible with previous measurements by deep-underground experiments.

  16. Leaving from and returning to nursing practice: contributing factors.

    Science.gov (United States)

    Jamieson, Isabel; Taua, Chris

    2009-07-01

    Many nurses leave nursing and never return. Others return after a period of time. Given the global shortage of nurses a better understanding of these movements is needed. The present study focused on nurses who had been out of nursing for more than five years, and explored factors that influenced their leaving and return to practice. All the nurses who had undertaken a Competency Assessment Programme at a given New Zealand tertiary institution during 2005 were invited to participate. Of the 70 questionnaires mailed out 32 (44.5%) were completed and returned. Quantitative data were analysed using Microsoft Excel, and the qualitative data were coded and analysed by means of content analysis. For each, leaving and returning, three key issues emerged. Nurses left for personal reasons, to seek a career change, or because of poor working conditions. They returned when they had the personal freedom to do so, for fiscal reasons, or because they were motivated by some sense of unfinished business. These findings indicate that it is important for educators involved with Competency Assessment Programmes to collaborate with employers in ensuring that there are opportunities for re-entry to positive work environments, with a degree of flexibility that suits the demographic characteristics of those nurses returning to practice.

  17. Industry Returns and the Fisher Effect.

    OpenAIRE

    Boudoukh, Jacob; Richardson, Matthew; Whitelaw, Robert F

    1994-01-01

    The authors investigate the cross-sectional relation between industry-sorted stock returns and expected inflation, and they find that this relation is linked to cyclical movements in industry output. Stock returns of noncyclical industries tend to covary positively with expected inflation, while the reverse holds for cyclical industries. From a theoretical perspective, the authors describe a model that captures both (1) the cross-sectional variation in these relations across industries and (2...

  18. Consumption Risk and the Cross Section of Expected Returns.

    Science.gov (United States)

    Parker, Jonathan A.; Julliard, Christian

    2005-01-01

    This paper evaluates the central insight of the consumption capital asset pricing model that an asset's expected return is determined by its equilibrium risk to consumption. Rather than measure risk by the contemporaneous covariance of an asset's return and consumption growth, we measure risk by the covariance of an asset's return and consumption…

  19. Regional analysis of ground and above-ground climate

    Science.gov (United States)

    1981-12-01

    The regional suitability of underground construction as a climate control technique is discussed with reference to (1) a bioclimatic analysis of long term weather data for 29 locations in the United States to determine appropriate above ground climate control techniques, (2) a data base of synthesized ground temperatures for the coterminous United States, and (3) monthly dew point ground temperature comparisons for identifying the relative likelihood of condensation from one region to another. It is concluded that the suitability of Earth tempering as a practice and of specific Earth sheltered design stereotypes varies geographically; while the subsurface almost always provides a thermal advantage on its own terms when compared to above ground climatic data, it can, nonetheless, compromise the effectiveness of other, regionally more important climate control techniques. Reviews of above and below ground climate mapping schemes related to human comfort and architectural design, and detailed description of a theoretical model of ground temperature, heat flow, and heat storage in the ground are included. Strategies of passive climate control are presented in a discussion of the building bioclimatic analysis procedure which has been applied in a computer analysis of 30 years of weather data for each of 20 locations in the United States.

  20. Regional analysis of ground and above-ground climate

    Energy Technology Data Exchange (ETDEWEB)

    1981-12-01

    The regional suitability of underground construction as a climate control technique is discussed with reference to (1) a bioclimatic analysis of long-term weather data for 29 locations in the United States to determine appropriate above ground climate control techniques, (2) a data base of synthesized ground temperatures for the coterminous United States, and (3) monthly dew point ground temperature comparisons for identifying the relative likelihood of condensation from one region to another. It is concluded that the suitability of earth tempering as a practice and of specific earth-sheltered design stereotypes varies geographically; while the subsurface almost always provides a thermal advantage on its own terms when compared to above ground climatic data, it can, nonetheless, compromise the effectiveness of other, regionally more important climate control techniques. Also contained in the report are reviews of above and below ground climate mapping schemes related to human comfort and architectural design, and detailed description of a theoretical model of ground temperature, heat flow, and heat storage in the ground. Strategies of passive climate control are presented in a discussion of the building bioclimatic analysis procedure which has been applied in a computer analysis of 30 years of weather data for each of 29 locations in the United States.