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Sample records for radioactifs stockes au

  1. Usefulness of the decay rate in the management of radioactive waste stocks; De l'interet de la decroissance pour la gestion des dechets radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Rodier, J; Cohendy, G [Commissariat a l' Energie Atomique, Chusclan (France). Centre de Production de Plutonium de Marcoule

    1969-07-01

    It became apparent, during first few years operation of the Marcoule Centre, that it was very useful to exploit the natural decay rate of the radioactive element contaminating the waste. The storage of this waste under the best possible conditions in each case, was first of all favorable for the radiological safety point of view; it led, furthermore, to a marked reduction in the cost price since it made it possible to avoid employing protection means which would have proved to be excessively outsize after a few years. Finally, even when the half-life of the radioelements involved seemed to annul any possible advantages of this method, the temporary storage made it possible to develop treatment processes which were unknown at the time. The overall result of this policy is that at the present time over 98 per cent of the solid waste produced by the Marcoule Centre has been processed in such a way that it can, at any moment, be discharged from the site without difficulty. (authors) [French] Des les premieres annees de fonctionnement du Centre de Marcoule, il est apparu qu'il etait extremement benefique de mettre a profit la decroissance naturelle des elements radioactifs contaminant les dechets. Le stockage de ces dechets dans des conditions appropriees a chaque cas d'espece a tout d'abord ete favorable a la surete radiologique; en outre, il a abouti a une reduction sensible des prix de revient, du fait qu'il a evite de mettre en oeuvre des moyens de protection qui se seraient reveles surdimensionnes au bout de quelques annees. Enfin, meme lorsque la periode des radioelements en cause semblait enlever tout interet a cette methode, le stockage d'attente a permis de mettre au point des procedes de traitement inconnus a l'epoque. Le resultat global de cette politique est que, actuellement, plus de 98 pour cent des dechets solides produits depuis l'origine du Centre de Marcoule ont ete conditionnes de telle sorte qu'ils peuvent, a tout moment, etre evacues hors du Site

  2. Determination of radioactive risks connected with the working of a nuclear plant; Evaluation des risques radioactifs lies au fonctionnement d'une installation nucleaire

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    Lavie, J M; Doury, A [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1960-07-01

    Numerous problems which are posed by the evaluation of the radioactive risks linked to the working of a nuclear plant are new problems which have not yet been satisfactorily solved. In these conditions this study must be considered only as a preliminary approach whose essential aims are the following: - development and synthesis of the existing data; - rapid determination of conservative and usable orders of greatness for the security factors, both for normal working and in the case of an accident. The most probable typical accidents are reviewed together with the nature of the resulting risks and the principal factors on which these risks depend. Among these factors, one of the most important is atmospheric diffusion which is studied in some detail using the analytic model due to Sutton. A logical graphical presentation increasing the flexibility in the use of the results and presents the responsible authorities with a flexible, practical and rapid means of evaluating the risks involved starting from a sufficiently general system of initial and simultaneously valid conditions (types of accident, atmospheric conditions). (author) [French] De nombreux problemes souleves par l'evaluation des risques radioactifs lies au fonctionnement d'une installation nucleaire sont des problemes nouveaux qui n'ont pas encore recu de solution satisfaisante. Dans ces conditions cette etude ne doit etre consideree que comme une premiere approche dont les objectifs essentiels sont les suivants: - mise au point et synthese de donnees existantes; - determination rapide d'ordres de grandeur conservatifs et utilisables de valeurs de securite, tant en fonctionnement normal qu'en cas d'accident. Les accidents types les plus probables sont passes en revue ainsi que la nature des risques qui en decoulent et les principaux facteurs dont dependent ces risques. Parmi ces facteurs, l'un des plus importants est la diffusion atmospherique qui fait l'objet d'une etude particuliere a l'aide du modele

  3. A treatment station for solid radio-active waste at the Saclay nuclear research centre (1962); Station de traitement des dechets radioactifs solides au centre d'etudes nucleaires de Saclay (1962)

    Energy Technology Data Exchange (ETDEWEB)

    Cerre, P; Mestre, E; Lebrun, P [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1962-07-01

    The waste from an atomic centre is very varied in nature, in form, and in activity, going from weakly contaminated laboratory waste to objects actuated in a pile and strongly radioactive. After one year's working of a pilot plant, a factory has been built, in which solide waste is treated and then conditioned in concrete blocks. The present communication describes the treatment and conditioning techniques in this factory which uses to a maximum remotely controlled operation. (authors) [French] Les dechets d'un Centre Atomique sont de natures, de forme et d'activites extremement variees, allant des dechets de laboratoires faiblement contamines, aux dispositifs actives en pile et fortement radioactifs. Apres l'exploitation pendant un an d'une unite pilote, une usine a ete construite dans laquelle les dechets solides sont traites, puis conditionnes en bloc de beton. La presente communication a pour objet la description des techniques de traitement et de conditionnement dans cette usine ou les operations sont au maximum commandees automatiquement et a distance. (auteurs)

  4. Disposal of the radioactive effluents at the 'Commissariat a l'Energie Atomique'. Treatment leading to evacuation into a river; Probleme du rejet des residus radioactifs liquides au CEA. Traitements aboutissant a des rejets en riviere

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    Duhamel,; Menoux,; Candillon, [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1958-07-01

    loaded water, 10) Impot elements other than Sr{sup 90} are also studied. (author) [French] Le probleme du traitement des residus radioactifs liquides au CEA est envisage sous l'angle du rejet ultime en riviere dans des conditions optima permettant de satisfaire aux Normes de la protection. 2) A Saclay, ou l'on ne dispose que d'un etang ou l'eau ne se renouvelle pas, les liquides epures sont envoyes par camion citerne a Fontenay-aux-Roses, ou ils sont deverses provisoirement - dans les egouts - en attendant qu'un point de rejet en Seine ait ete determine. 3) Au Bouchet, les eaux residuaires de l'Usine de traitement de minerais d'urano-thorianite devront etre traitees en deux temps de facon a separer le radium dans une premiere phase, ce qui facilitera l'epuration au cours de la deuxieme phase. 4) En vue des futurs rejets a Marcoule, une etude a ete conduite a Saclay, sur des effluents synthetiques - type Marcoule - ayant pour but de mettre au point des procedes d'elimination selective du Sr d'une part, du Cs d'autre part, par coprecipitation. 5) Dans le cas general du rejet ultime en riviere, les problemes suivants sont successivement envisages: - predilution entre les bassins de stockage des eaux epurees et le fleuve; - mode d'injection dans le fleuve; - dilution dans le fleuve (etude prealable par traceurs); - evolution de l'activite dans les eaux du fleuve (adsorption par les organismes inertes ou vivants, contamination des berges); - incidence sur le choix d'un site; - dilution isotopique. 6) Ce dernier probleme est specialement detaille. 7) La teneur de l'eau en un element donne conditionne la dilution isotopique de son isotope radioactif. L'analyse decelant une carence, il est possible d'y suppleer par des rejets d'isotope stable. 8) Cette methode conduit en certains cas a des analyses delicates (en particulier dans le cas du {sup 90}Sr), la teneur en isotope stable necessaire a une forte dilution isotopique restant faible (ce qui est d'ailleurs un avantage). 9

  5. Study of the diffusion of iron, of silver and of carbon in beryllium using radioactive tracers; Etude de la diffusion du fer, de l'argent et du carbone dans le beryllium au moyen des traceurs radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Naik, M Ch [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1964-06-01

    A study has been made of the diffusion of radioactive iron and silver tracers in beryllium. The following values have been found. D{sub Fe} = 0.53 exp - [51800 / RT], D{sub Ag} = 62 exp - [46100 / RT]. The values for iron are in good agreement with those found previously for chemical diffusion. A comparison of the diffusion coefficients for iron, silver and nickel shows that the diffusion rate increases with increasing solute atom radius. The existence has been shown of diffusion anisotropy for silver; it has been studied quantitatively on monocrystals. It is found that: D{sub parallel} 0.41 exp - [39100 / RT], D{sub perpendicular} = 1.98 exp - [45700 / RT]. The anisotropy decreases as the temperature increases. The silver diffuses more rapidly along the C axis than in the base plane. This result cannot be explained in terms of the model proposed for the diffusion of foreign atoms in solution in zinc. A greater number of experiments is required before a model can be put forward. An attempt has also been made to determine the diffusion coefficients of carbon in beryllium by treatment in an atmosphere of acetylene marked with C-14. Diffusion coefficients have been obtained but these should not be considered to be very significant since a chemical reaction occurs at the surface of the samples. (author) [French] On a etudie la diffusion dans le beryllium de traceurs radioactifs du fer et de l'argent. On trouve: D{sub Fe} = 0.53 exp - [51800 / RT], D{sub Ag} = 62 exp - [46100 / RT].Les valeurs trouvees pour le fer sont en bon accord avec les valeurs obtenues precedemment pour la diffusion chimique. La comparaison des coefficients de diffusion du fer, de l'argent et du nickel montre que la diffusion est d'autant plus rapide que le rayon atomique du solute est plus grand. On a mis en evidence une anisotropie de diffusion de l'argent qui a ete etudiee quantitativement sur des monocristaux. On trouve: D{sub parallele} = 0.41 exp - [39100 / RT], D{sub perpendiculaire} = 1

  6. Radioactive Waste Control at the United Kingdom Atomic Energy Research Establishment, Harwell; Traitement des Dechets Radioactifs au Centre de Recherche sur l'Energie Atomique de Harwell; 041a 041e 041d 0422 0420 041e 041b 042c 0417 0410 0423 0414 ; Control de Desechos Radiactivos en el A.E.R.E., Harwell

    Energy Technology Data Exchange (ETDEWEB)

    Burns, R. H. [United Kingdom Atomic Energy Authority (United Kingdom)

    1960-07-01

    The paper outlines the present practices in the control and treatment of radioactive wastes at Harwell. The large-volume, low-level active liquid effluent is treated by phosphate coagulation methods and, eventually, discharged to the River Thames. The medium-level wastes are segregated and undergo a two-stage chemical treatment followed by passage through columns of Vermiculite. The latter process has been found to be effective in removing radoicaesium, which is not dealt with efficiently by the precipitation methods used. Liquid wastes with a high- activity content are stored and a new plant, incorporating chemical treatment, ion exchange and evaporation, is being installed. The chemical sludges formed in the treatment processes are dumped at sea after de-watering by filtration. The contaminated solid waste is either stored or disposed of at sea. It is important to reduce the volume as much as possible and the methods employed include pressure baling, melting and incineration of combustible matter. Small quantities of activity are discharged to the atmosphere through exhaust stacks. The cleaning of this discharge air is commonly achieved by the use of high-efficiency filters or liquid scrubbing systems. Regular stack monitoring is carried out and this is backed up by a comprehensive district sampling programme. (author) [French] L'auteur decrit les methodes de controle et de traitement des dechets radioactifs qui sont appliquees au Centre de Harwell. Le volume considerable des effluents liquides de faible activite est traite par des methodes de coagulation au moyen des phosphates, puis evacue dans la Tamise. Apres separation, les dechets d'activite moyenne sont soumis a un traitement chimique en deux temps, avant de traverser des colonnes de Vermiculite. On a constate que ce dernier processus eliminait le radio- cesium, ce que les methodes de precipitation utilisees ne permettent pas de faire de maniere efficace. Les dechets liquides d'activite intense sont

  7. Technical and Economic Problems Associated with the Development of Methods of Processing and Using Radioactive Waste; Problemes techniques et economiques lies au developpement des methodes de traitement et d'utilisation des dechets radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Thiriet, L; Sauteron, J; Oger, C [Commissariat a l' Energie Atomique, Fontenay-Aux-Roses (France). Centre d' Etudes Nucleaires

    1968-07-01

    The paper briefly reviews the various techniques used in processing the radioactive wastes which unavoidably result from the generation of electric power from nuclear sources. The paper goes on to define the relative importance, in nuclear fuel cycles, of the problem raised by these wastes. Emphasis is placed on the economic influence of management policies on the cost of power generation, and hence on the relative position of nuclear energy. A substantial percentage of these wastes can be economically utilized. Attention is drawn to the major technical and economic features of the industry which will come into being as a result of this utilization. The major uses anticipated are discussed: radiation sources, heat sources, auxiliary power generation. The paper concludes that satisfactory solutions have already been found to these problems, and describes possible improvements. (author) [French] La communication rappelle d'abord succinctement les differentes techniques de traitement des dechets radioactifs resultant necessairement de la production d'electricite d'origine nucleaire. On situe ensuite l'importance du probleme pose par ces residus dans le cycle du combustible nucleaire. On fait ressortir l'influence economique du choix des methodes de gestion sur le cout de production de l'energie, et par consequent sur la place devolue a l'energie nucleaire. Une part importante de ces dechets peut faire l'objet d'une utilisation rentable de l'industrie qui naitra de cette utilisation. Les principales applications envisagees sont evoquees: sources d'irradiation, sources chauffantes, generateurs auxiliaires d'energie. On conclut que d'ores et deja des solutions satisfaisantes ont ete apportees a ces problemes, et l'on decrit les perspectives d'amelioration concevables. (auteur)

  8. Measurement of the wear rate of cast grinding balls using radioactive tracers; Evaluation de l'usure des boulets pour concasseurs, au moyen des indicateurs radioactifs; Izmerenie skorosti iznosa litykh drobil'nykh sharov pri pomoshchi mechenykh atomov; Medicion de la velocidad de desgaste de bolas trituradoras de acero colado con ayuda de indicadores radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Keys, J D; Eichholz, G G [Department of Mines and Technical Surveys, Ottawa, ON (Canada)

    1962-01-15

    The wear rate of grinding balls used in ball mills is usually hard to determine under operational conditions and little is known-about the factors determining ball life. Radioactive tracers have been used successfully to mark cast steel balls to obtain information on their life under various operating conditions for comparison with balls of different type or composition. A batch of marked steel balls has been followed through a milling operation over several weeks and statistics on wear and loss of weight have been obtained. In the test runs cobalt-60 was added to the molten metal before casting and the balls were then observed in use at an iron mine. The radioactive batch was added to a ball mill with a normal charge of about 75 tons and the mill charge was sampled at weekly intervals to pick out active balls. These balls were inspected and weighed, and the wear rate has been calculated. This procedure has proved to be a practical way of investigating wear properties under plant operating conditions. (author) [French] Il est en general difficile de determiner le taux d'usure des boulets de broyeurs dans des conditions normales d'utilisation et l'on ne sait pas grand-chose des facteurs qui determinent la longevite des boulets. Les auteurs ont employe avec succes des indicateurs radioactifs pour marquer des boulets d'acier moule, en vue d'obtenir des indications sur leur duree dans diverses conditions de. fonctionnement et de faire une comparaison entre des boulets de type different ou de. composition differente. Ils ont suivi un lot de boulets, d'acier ainsi marques pendant une operation de broyage qui a dirre plusieurs semaines, ce qui a permis de recueillir des donnees statistiques sur leur usure et leur perte de poids. Au cours des essais, du cobalt-60 a ete ajoute au metal fondu avant le moulage des boulets. Ceux-ci ont ete ensuite maintenus en observation pendant leur emploi dans une mine de fer et une mine d'or. Le lot radioactif a ete introduit danfe un

  9. Disposal of the radioactive effluents at the 'Commissariat a l'Energie Atomique'. Treatment leading to evacuation into a river; Probleme du rejet des residus radioactifs liquides au CEA. Traitements aboutissant a des rejets en riviere

    Energy Technology Data Exchange (ETDEWEB)

    Duhamel; Menoux; Candillon [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1958-07-01

    to find out in loaded water, 10) Impot elements other than Sr{sup 90} are also studied. (author) [French] Le probleme du traitement des residus radioactifs liquides au CEA est envisage sous l'angle du rejet ultime en riviere dans des conditions optima permettant de satisfaire aux Normes de la protection. 2) A Saclay, ou l'on ne dispose que d'un etang ou l'eau ne se renouvelle pas, les liquides epures sont envoyes par camion citerne a Fontenay-aux-Roses, ou ils sont deverses provisoirement - dans les egouts - en attendant qu'un point de rejet en Seine ait ete determine. 3) Au Bouchet, les eaux residuaires de l'Usine de traitement de minerais d'urano-thorianite devront etre traitees en deux temps de facon a separer le radium dans une premiere phase, ce qui facilitera l'epuration au cours de la deuxieme phase. 4) En vue des futurs rejets a Marcoule, une etude a ete conduite a Saclay, sur des effluents synthetiques - type Marcoule - ayant pour but de mettre au point des procedes d'elimination selective du Sr d'une part, du Cs d'autre part, par coprecipitation. 5) Dans le cas general du rejet ultime en riviere, les problemes suivants sont successivement envisages: - predilution entre les bassins de stockage des eaux epurees et le fleuve; - mode d'injection dans le fleuve; - dilution dans le fleuve (etude prealable par traceurs); - evolution de l'activite dans les eaux du fleuve (adsorption par les organismes inertes ou vivants, contamination des berges); - incidence sur le choix d'un site; - dilution isotopique. 6) Ce dernier probleme est specialement detaille. 7) La teneur de l'eau en un element donne conditionne la dilution isotopique de son isotope radioactif. L'analyse decelant une carence, il est possible d'y suppleer par des rejets d'isotope stable. 8) Cette methode conduit en certains cas a des analyses delicates (en particulier dans le cas du {sup 90}Sr), la teneur en isotope

  10. Containment of Radioactive Waste for Sea Disposal and Fisheries Off the Canadian Pacific Coast; La Mise en Recipients des Dechets Radioactifs en Vue de leur Elimination dans la Mer et la Protection des Pecheries Operant au Large de la Cote Canadienne de l'Ocean Pacifique; 0423 0414 0414 ; Confinamiento de Desechos Radiactivos para su Evacuacion en el Mar, en Relacion con las Pesquerias de la Costa Canadiense del Pacifico

    Energy Technology Data Exchange (ETDEWEB)

    Waldichuk, Michael [Fisheries Research Board of Canada Biological Station, Nanaimo, BC (Canada)

    1960-07-01

    1946 a 1957 inclusivement, on a immerge, au large de la cote de Californie, un total de 16.288 bidons de 230 litres environ, remplis de dechets a faible radioactivite. Au cours de ces operations d'evacuation dans les eaux des Etats-Unis, on s'est efforce d'observer deux criteres principaux: 1) assurer la securite des manipulations entre la source des dechets et le lieu d'evacuation et 2) d'engloutir de facon appropriee les dechets dans la mer. Aucune condition n'a ete fixee au sujet de l'integrite du recipient ou du contenu, une fois parvenus dans les profondeurs de la mer. Le memoire expose d'autres methodes pour renfermer des dechets radioactifs qui ont ete utilisees ou suggerees precedemment: mise en recipients metalliques, adsorption sur de l'argile et integration dans du verre. Afin de rendre les dechets radioactifs inoffensifs pour les poissons et autres organismes aquatiques, il faut 1) soit les isoler du milieu environnant, 2) soit les disperser afin d'abaisser leur radioactivite a, la concentration autorisee. Il a ete propose, pour isoler les dechets du milieu environnant, de les placer dans un recipient spherique construit selon un plan approprie, scelle hermetiquement et capable de resister a de hautes pressions; il servirait pour l'elimination des dechets solides a radioactivite faible ou moyenne. Les poissons peuvent etre affectes par les dechets radioactifs de plusieurs manieres : 1) par rayonnement direct des matieres radioactives eliminees; ' 2) par ingestion d'organismes alimentaires contenant des radioisotopes concentres ; 3) par irradiation de l'eau contenant des ions ou particules radioactifs et 4) par contamination, au contact de matieres riches en radioisotopes precipitees en profondeur. L'auteur pense qu'il est bon de poursuivre les recherches avant d'autoriser l'elimination en grand des dechets radioactifs dans la mer. (author) [Spanish] Los desechos de baja radiactividad suelen ser, por lo general, basuras de laboratorio contaminadas, piezas de

  11. Radioactive Waste Facilities at the Australian Atomic Energy Commission Research Establishment; Installations pour le Traitement des Dechets Radioactifs au Centre de Recherche de la Commission Australienne a l'Energie Atomique; 0423 0421 0422 0414 ; Dispositivos para Evacuacion de Desechos Radiactivos en el Centro de Investigaciones de la Australian Atomic Energy Commission

    Energy Technology Data Exchange (ETDEWEB)

    Berglin, C. L.W.; Keher, L. H.; Miles, G. L.; Wilson, A. R.W. [Australian Atomic Energy Commission Research Establishment, Lucas Heights, Sydney, NSW (Australia)

    1960-07-01

    This paper describes the facilities,which are being provided for the collection, treatment and disposal of radioactive wastes at Lucas Heights in relation to the estimated arisings. Low-activity effluent is divided into three types: (a) Sewage; (b) Trades waste, arising from reactor cooling tower blow-down and engineering workshops and other inactive areas; and (c) Effluent arising from laboratories and other active areas. The effluent treatment plant for the latter type of effluent consists essentially of mixing and alkali dosing tanks, a sludge-blanket clarifier (using a calcium- iron-phosphate process) and holding tanks. Methods of concentrating the sludge and of secondary treatment are at present being investigated and are discussed. The discharge formula and the expected dilution obtained in the Woronora river are discussed, together with a dilution experiment carried out in the tidal waters. It is proposed to bury all low-activity solid waste after baling where appropriate and the choice and location of the disposal area is discussed. A facility for the storage and disposal of highly active solid waste is discussed. It is proposed to evaporate and store the medium- and high-activity liquid waste. Details are given of the capital and operating costs of the Effluent Treatment Plant and other waste handling facilities. (author) [French] Le memoire decrit les installations que le Centre de Lucas Heights cree a l'heure actuelle, eu egard au developpement envisage'en matiere de rassemblement, de traitement et d'elimination des dechets radioactifs. Les' effluents de faible activite se divisent en trois categories: a) Eaux d'egout; b) Dechets industriels provenant de la tour de refroidissement du reacteur, des ateliers et d'autres zones non-actives; c) Effluents provenant des laboratoires et d'autres zones actives. L'usine affectee au traitement du dernier type d'effluents se compose essentiellement de malaxeurs, de bacs de dosage d'alcalis, d'un clarificateur d

  12. Technical and Administrative Considerations in the Management of Radioactive Wastes; Considerations Techniques et Administratives Relatives au Traitement des Dechets Radioactifs; 0422 0415 0425 041d 0418 0427 0415 0421 041a 0414 ; Aspectos Tecnicos y Administrativos de la Manipulacion de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Wolman, Abel [Johns Hopkins University, Baltimore, MD (United States); Division of Reactor Development, U.S. Atomic Energy Commission, Washington, DC (United States); Lieberman, Joseph A. [Environmental and Sanitary Engineering Branch, Division of Reactor Development, U.S. Atomic Energy Commission, Washington, DC (United States)

    1960-07-01

    administratifs du traitement des dechets en rattachant cette analyse aux mesures qu'il pourrait etre necessaire de prendre dans l'avenir pour assurer un traitement et un controle efficaces, sur le plan administratif et juridique, des effluents radioactifs resultant de la production d'energie atomique. Les auteurs repartissent tout d'abord en de larges categories les differentes sortes de dechets pour bien souligner que le probleme de leur traitement presente de multiples aspects et qu'on ne saurait en donner une solution unique. Ils examinent rapidement le role des differents milieux dans le choix des methodes de traitement des dechets et definissent les procedes fondamentaux de controle (dilution et dispersion, concentration et confinement). Les auteurs distinguent entre les normes fondamentales de protection radiologique et les criteres de fonctionnement qui doivent etre fixes pour realiser le controle des effluents de facon a veiller a ce que les normes fondamentales soient respectees. Les auteurs examinent les progres realises en matiere de normes et criteres ainsi que l'application de ceux-ci dans l'etablissement de reglements de sante et de securite et la mise au point de procedures administratives et juridiques. A cet egard, ils signalent les avantages que presente, du point de vue de l'opinion publique et du travail administratif, l'utilisation la plus large des textes legislatifs et des procedures administratives dans les services deja crees aux divers echelons de l'autorite. Malgre l'importance des depenses qu'entrainent le traitement et l'elimination des dechets radioactifs, le cout par unite d'energie electrique produite ne represente qu'une partie relativement restreinte du cout total par unite d'energie. Les auteurs indiquent d'autres facteurs economiques qui jouent un role dans la manipulation et l'elimination des dechets, notamment en fonction de l'emplacement de l'usine et du point d'evacuation. En outre, ils examinent d'autres aspects du traitement des dechets

  13. Radioactive waste packages stored at the Aube facility for low-intermediate activity wastes. A selective and controlled storage; Les colis de dechets radioactifs stockes au centre de stockage FMA de l'Aube. Une stockage selectif et maitrise

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-07-01

    The waste package is the first barrier designed to protect the man and the environment from the radioactivity contained in wastes. Its design is thus particularly stringent and controlled. This brochure describes the different types of packages for low to intermediate activity wastes like those received and stored at the Aube facility, and also the system implemented by the ANDRA (the French national agency of radioactive wastes) and by waste producers to safely control each step of the design and fabrication of these packages. (J.S.)

  14. The conditioning of radioactive waste by bitumen; Conditionnement des dechets radioactifs par le bitume

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    Rodier, J; Scheidhauer, J; Malabre, M [Commissariat a l' Energie Atomique, Chusclan (France). Centre de Production de Plutonium de Marcoule

    1961-07-01

    The separation of radioactive sludge and waste by bitumen is studied. Results are given concerning various trials carried out on the lixiviation of the final product by water as a function of the pH, of the time, and of the composition. The conditions for carrying out this process of coating the waste are controlled from a radioactive point of view. (author) [French] L'isolement de boues radioactives et de dechets par le bitume est etudie. Les resultats de divers essais portant sur la lixiviation par l'eau du produit fini en fonction du pH, du temps et de la composition sont exposes. Les conditions de realisation de l'enrobage sont controlees au point de vue du risque radioactif. (auteur)

  15. Elimination of slightly radioactive liquid effluent by dilution. Its consequences (1960); Elimination par dilution d'effluents liquides faiblement radioactifs. Leurs consequences (1960)

    Energy Technology Data Exchange (ETDEWEB)

    Bovard, P; Candillon, C [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1960-07-01

    Nuclear centres often have to solve problems raised by the elimination of large volumes of slightly radioactive liquid effluent. As things stand at present, the method usually adopted consists in expelling this effluent into the main water system in order to dilute it to a maximum, and thus to lower its radioactive isotope concentration to below the norms imposed by the Public Health Service. This technique requires systematic checking of the water system and its dependences, and demands a thorough knowledge of adsorption and fixation processes. (author) [French] Les centres nucleaires ont frequemment a resoudre des problemes poses par l'elimination de volumes importants d'effluents liquides faiblement radioactifs. Dans l'etat actuel des choses, la solution la plus utilisee consiste a rejeter ces effluents dans le reseau hydrographique de maniere a les diluer au maximum et abaisser ainsi leurs teneurs en isotopes radioactifs au-dessous des normes imposees par la Sante Publique. Cette technique necessite un controle systematique du reseau et de ses dependances et demande une connaissance approfondie des processus d'adsorption et de fixation. (auteur)

  16. Desirable New Geologic Research in Support of Radioactive Waste Disposal as Indicated by Hanford Experience; Nouvelles Recherches Geologiques Souhaitables au Sujet de l'Elimination des Dechets Radioactifs, Selon les Indications Fournies par l'Experience de Hanford; 041f 0420 041e 0412 0415 0414 ; Nuevas Investigaciones Geologicas que Convendria Hacer para Facilitar la Evacuacion de Desechos Radiactivos Siguiendo las Indicaciones Proporcionadas por las Experiencias Efectuadas en Hanford

    Energy Technology Data Exchange (ETDEWEB)

    Brown, Randall E. [Hanford Laboratories, Hanford Atomic Products Operation, General Electric Company, Richland, WA (United States)

    1960-07-01

    All disposal of radioactive wastes to land relies on the geologic environment. Disposal to that environment is not ultimate, however, for no material is impermeable, unleachable or non-corrodable when we consider geologic time. Hanford's disposal interjects a maximum of geologic features between disposal sites and the point of nearest public exposure. This is the concept named by Simpson the ''delay-and-decay'' concept. Problems involved in disposal at Hanford include 1) the quantitative inexactness of geology, (2) the lack of isotropic, homogeneous earth materials, 3) determination of the quantitative importance of deviation of geologic and hydrologie features from an average, and (4) determination and measurement of the parameters of interest. Cases at Hanford are cited to illustrate the above points. Wells totalling 557 in number and 33,000 m in depth have been drilled, but provide data that must be cautiously used. Standard aquifer performance tests are limited in value, for unit and directional permeabilities are integrated into average values. Ion-exchange studies provide quantitative values of direct interest, helping to interpret geologic features. Hydrologie studies, correlated to the soil chemistry work and the geologic data, result in logically explainable geologic controls to ground water movement. Disposal to ground of radioactive wastes is neither a cure-all nor something to be feared. The integration of data from studies by geologists, hydrologiste, geochemists and mathematicians has gone far to assure the safe disposal of wastes to ground at Hanford. A great amount of work remains to be done, however. (author) [French] Pour toute elimination de dechets radioactifs dans le sol, on doit tenir compte du milieu geologique. Mais les produits ainsi elimines ne restent pas definitivement dans le milieu ambiant: a la longue, aucune matiere n'apparait impermeable, ni capable de faire obstacle au filtrage ou de resister a la corrosion. Le procede utilise a

  17. Study of radio-active ions in the atmosphere; Etude des ions radioactifs de l'atmosphere

    Energy Technology Data Exchange (ETDEWEB)

    Renoux, A [Commissariat a l' Energie Atomique, Fontenay-aux-Roses (France). Centre d' Etudes Nucleaires

    1965-01-01

    A comparative study is made of active, deposits of radon and thoron in suspension in the atmosphere by means of {alpha} radiation counting, using ZELENY tubes, scattering equipment, filter papers or membranes. It has been possible to show the existence of small and large ions which are negative and positive, as well as of neutral radio-active nuclei; their properties are studied. A theoretical interpretation of the results is presented. The average content of radon (using the Ra A concentration) and of Th B in the air has been determined. The radioactive equilibrium between radon and its daughter products in atmospheric air are examined. The techniques developed for active radon and thoron deposits are applied to the study of artificial radio-activity, the analyses being carried out by means of {gamma} spectrometry. (author) [French] On effectue une etude comparative entre les depots actifs du radon et du thoron en suspension dont l'atmosphere a l'aide de comptages de rayonnement {alpha}, en utilisant des tubes de ZELENY, une batterie de diffusion, des papiers filtres ou des membranes. On met ainsi en evidence la presence de petits et gros ions negatifs et positifs, ainsi que celle de noyaux neutres radioactifs, et on etudie leurs proprietes. Une Interpretation theorique des resultats obtenus est developpee. On determine la teneur moyenne de l'air en radon (a partir de la concentration en Ra A) et en Th B. L'equilibre radioactif entre le radon et ses descendants, dans l'air atmospherique, est examine. Les Techniques mises au point pour les depots actifs du radon et du thoron sont appliquees a l'etude de la radioactivite artificielle, les depouillements s'effectuant par spectrometrie {gamma}. (auteur)

  18. Contributions of Geology to the Problem of Radioactive Waste Disposal; Contributions de la Geologie au Probleme de l'Elimination des Dechets Radioactifs; 0412 041a 041b 0410 0414 0413 0415 041e 0414 ; Contribucion de la Geologia a la Resolucion de los Problemas que Plantea la Evacuacion de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Nace, R. L. [Water Resources Division, Geological Survey, Washington 25, DC (United States)

    1960-07-01

    aimed directly at waste disposal problems. (author) [French] La terre est l'objet des etudes geologiques; or, les dechets radioactifs ne peuvent etre disperses ou entreposes que dans ou sur la terre. En ce sens, les problemes relatifs a l'elimination des dechets radioactifs sont avant tout d'ordre geologique. Les Etats-Unis ont applique largement les connaissances geologiques accumulees et certains principes bien etablis aux problemes de l'elimination; le caractere exceptionnel de ces problemes a necessite des recherches qui ont permis d'approfondir considerablement nos connaissances dans des domaines particuliers de la geologie. De nombreux travaux ont porte sur l'etude d'emplacements pour installations nucleaires. Cette etude comporte l'analyse et l'evaluation de facteurs geologiques, topographiques, hydrologiques, geochimiques et sismiques. On a analyse aussi par region les caracteristiques d'ensemble des grandes divisions naturelles des Etats-Unis et les incidences de ces caracteristiques sur l'entreposage et l'elimination des dechets. Parmi les problemes speciaux, on etudie comment se comportent ou pourraient se comporter des dechets ordinaires dans des milieux geologiques determines. D'autres etudes portent sur l'utilisation eventuelle de cavites syncli- nales, de failles stratigraphiques, de bancs de sel et de domes de sel pour l'entreposage et l'isolement des dechets de haute activite. De nombreuses etudes generales et quelques etudes de detail ont ete entreprises sur la radiometrie du milieu ambiant. L'eau naturelle est le facteur critique dans l'elimination des dechets ; on a donc etudie certains processus naturels par lesquels on peut purifier l'eau ou en modifier la composition chimique. Les etudes consacrees aux problemes suivants ont donne des resultats interessants : processus de dispersion et de diffusion dans les eaux souterraines et dans les eaux de surface ; vitesse de circulation des contaminants dans les cours d'eau ; mecanisme d'ecoulement des eaux

  19. 357 Datation des carbonates impurs au Maroc à l'aide de la ...

    African Journals Online (AJOL)

    youness

    Datation des carbonates impurs au Maroc à l'aide de la méthode de déséquilibre radioactif 230Th/234U. A. Choukri1, S. Semghouli1, O. Hakam1, M. Moheidine3 et M. Laatiris4. 1Laboratoire de Physique de la Matière et Rayonnement, Equipe de. Physique et Techniques Nucléaires, Faculté des Sciences, P.B 133,. 14000 ...

  20. The Application of Existing Oceanographic Knowledge to the Problem of Radioactive Waste Disposal into the Sea; Applicationdes Connaissances Oceanographiques Actuelles au Probleme de l'Elimination de Dechets Radioactifs dans la Mer; 0418 0421 041f 0414 ; Aplicacion de los Conocimientos Oceanograficos Actuales al Problema de la Evacuacion de Desechos Radiactivos en el Mar

    Energy Technology Data Exchange (ETDEWEB)

    Pritchard, D. W. [Johns Hopkins University, Baltimore, MD (United States)

    1960-07-01

    quantites assez importantes de dechets emballes (de l'ordre de plusieurs megacuries par an) sans compromettre l'utilisation par l'homme des produits de la mer. On pourrait eliminer sans danger sur le plateau continental des dechets emballes de faible activite, de l'ordre de plusieurs centaines de curies par an et par lieu d'evacuation. Les navires a propulsion nucleaire peuvent decharger sans trop de risques dans les couches superficielles de la haute mer plusieurs centaines de curies avec les matieres echangeuses d'ions usees. L'auteur etudie en particulier J'influence que peut avoir sur les milieux voisins des rivages et des estuaires l'exploitation de navires a propulsion nucleaire. La troisieme partie du memoire contient l'expose succinct de certaines recherches oceanographiques faites actuellement aux Etats-Unis, et qui peuvent eclairer le probleme de l'elimination des dechets radioactifs. (author) [Spanish] La memoria se divide en tres partes principales. En la primera, el autor expone los criterios seguidos para abordar el problema general de la evacuacion de sustancias radiactivas en el mar. Indica aquellos sectores en los que se requieren conocimientos oceanograficos y estudia sucintamente el estado de nuestros conocimientos actuales en estos sectores. En la segunda parte, los conocimientos oceanograficos existentes se aplican a los problemas de evacuacion de desechos, inclusive sus aspectos fisicos, quimicos y biologicos. El autor demuestra que, sobre la base de los conocimientos oceanograficos actuales, la evacuacion en las profundidades del mar de grandes cantidades (del orden de los megacuries por ano) de desechos envasados puede hacerse sin comprometer la utilizacion del mar y de sus productos por el hombre. Los desechos envasados de baja actividad, en cantidades del orden de varios centenares de curies por ano y por lugar de eliminacion, podran evacuarse en la plataforma continental. Asimismo, podra permitirse la evacuacion en las capas superficiales de la

  1. CARBO-CONTROLE. Quantification of the carbon flux and stocks at the european and national scale; CARBO-CONTROLE. Quantification des flux et stocks de carbone au niveau Europeen et national

    Energy Technology Data Exchange (ETDEWEB)

    Ciais, P

    2007-07-01

    The CARBO-CONTROLE project aims to evaluate the different methodologies to estimate the CO{sub 2} flux at the european, national and regional scale. The strategy is to combine a crumbling, down scaling, of the flux at a big scale, by inverting the atmospheric CO{sub 2} measures with a aggregation, up scaling, of the national stocks and flux from the climatic parameters of a model of ecosystems.They show that with the monthly data of the global network of CO{sub 2} monitoring stations, it is possible to obtain an estimation of the european flux. Meanwhile the errors bond to the leak of continental stations are of the order of the flux average. (A.L.B.)

  2. Observation of Au + AuAu + Au + ρ0 and Au + AuAu* + Au* + ρ0 with STAR

    International Nuclear Information System (INIS)

    Spencer, K.

    2002-01-01

    First observation of the reactions Au + AuAu + Au + ρ 0 and Au + AuAu* + Au* + ρ 0 with the STAR detector are reported. The ρ are produced at small perpendicular momentum, as expected if they couple coherently to both nuclei. Models of vector meson production and the correlation with nuclear breakup are discussed, as well as a fundamental test of quantum mechanics that is possible with the system. (author)

  3. Preparation of C{sup 14}-labelled tetrazolium salts and tracer study of the tetrazene-formazan rearrangement; Preparation de sels de tetrazolium marques au carbone-14 et etude de la transposition tetrazene-formazan, au moyen d'indicateurs radioactifs; Izgotovlenie mechennykh C{sup 14} solej tetrazosoedinenij i issledovanie pri pomoshchi indikatorov peregruppirovok tetrazona-formazana; Preparacion de sales de tetrazolio marcadas con {sup 14}C y estudio de la transposicion tetraceno-formazan con ayuda de trazadores

    Energy Technology Data Exchange (ETDEWEB)

    Marton, Joseph; Meisel, Julia [Central Research Institute for Chemistry of the Hungarian Academy of Sciences, Budapest (Hungary); Gosztonyi, Thomas [Institute of Organic Chemical Technology, Technical University, Budapest (Hungary)

    1962-03-15

    The preparation of [5-C{sup 14}]-TTC, [5, 5'-di-C{sup 14}]NT (neotetrazolium) and [5, 5'-di-C{sup 14}]-BT (tetrazolium blue) starting from benzaldehyde- [1-C{sup 14}] has been accomplished. The yields for both mono- and ditetrazolium salts are high, and the products can be obtained with high sp. activity. The purity of the samples was investigated by paper chromatography. In the case of ditetrazolium salts some impurities could be detected and conclusions drawn as to their structure and quantity. A method has been developed to prepare C{sup 14}- labelled ditetrazolium salts of high purity. The formation of the formazan, the precursor of the tetrazolium salt, goes through an unstable intermediate of tetrazene-type structure which rearranges rapidly in basic medium, to yield the formazan. The tetrazene intermediate can be isolated under suitable conditions. By using C{sup 14}-labelled benzaldehyde phenylhydrazone this rearrangement was investigated and a verification of its intramolecular character given. (author) [French] On a procede a la preparation de [5-C{sup 14}]-TTC, de [5,5'-di-C{sup 14}] NT (neotetrazolium) et de [5,5'-di-C{sup 14}]-VT (bleu de tetrazolium), en partant du benzaldehyde-[1-C{sup 14}]. On a pu obtenir un grand rendement, tant pour les sels de monotetrazolium que pour les sels de ditetrazolium, et des produits d'une activite specifique elevee. La purete des echantillons a ete examinee par chromatographie sur papier. Dans le cas des sels de ditetrazolium, on a pu deceler quelques impuretes et tirer des conclusions quant a leur structure et quantite. On a mis au point une methode permettant de preparer des sels de ditetrazolium marques au carbone-14 et presentant une grande purete. Dans la synthese du formazan, precurseur du sel de tetrazolium, on obtient un produit intermediaire instable d'une structure analogue a celle du tetrazene; ce produit se transforme rapidement en milieu alcalin pour donner du formazan. Le tetrazene intermediaire peut

  4. Compression stockings

    Science.gov (United States)

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

  5. Stock Status

    Data.gov (United States)

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

  6. Electronic sorting of radioactive ores; Triage electronique des minerais radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Sandier, J.

    1958-01-15

    Electronic sorting of radioactive ores consists in passing the rock lumps, after sieving, one by one in front of radioactivity detectors; these detectors command electromechanical systems which class the ores according to their radioactivity level. This note sets on the state of progress of the work going on at the D.R.E.M.: use of scintillometers for γ-ray detection, with circuits carrying magnetic memories to improve their operation; results of laboratory and semi-industrial tests on several deposits; description of the material, data on the first factory project; notes on the financial returns of the process. A description is also given of the electronic sorting material used skip by skip for a first rough classification of the ores according to their content, as they leave the shaft. (author) [French] Le triage electronique des minerais radioactifs consiste a faire passer, apres criblage, les cailloux un par un devant des detecteurs de radioactivite; ces detecteurs commandent des systemes electromecaniques qui classent les minerais selon leur niveau de radioactivite. La note expose l'etat d'avancement des travaux en cours a la D.R.E.M: utilisation des scintillometres pour la detection des rayonnements γ, de circuits comportant des memoires magnetiques pour ameliorer le fonctionnement; resultats d'essais de laboratoire et semi-industriels sur plusieurs gisements; description du materiel, donnees sur le premier projet d'usine; notes sur la rentabilite du procede. Est egalement decrit le materiel de triage electronique skip par skip utilise pour une premiere classification grossiere des minerais selon leurs teneurs, des la sortie des puits. (auteur)

  7. Processing radioactive effluents with ion-exchanging resins: study of result extrapolation; Traitement des effluents radioactifs par resines echangeuses d'ions: etude de l'extrapolation des resultats

    Energy Technology Data Exchange (ETDEWEB)

    Wormser, G.

    1960-05-03

    As a previous study showed the ion-exchanging resins could be used in Saclay for the treatment of radioactive effluents, the author reports a study which aimed at investigating to which extent thus obtained results could be extrapolated to the case of higher industrial columns. The author reports experiments which aimed at determining extrapolation modes which could be used for columns of organic resin used for radioactive effluent decontamination. He notably studied whether the Hiester and Vermeulen extrapolation law could be applied. Experiments are performed at constant percolation flow rate, at varying flow rate, and at constant flow rate [French] Plusieurs etudes ont ete faites dans le but d'examiner les possibilites d'emploi des resines echangeuses d'ions pour le traitement des effluents radioactifs. Dans un rapport preliminaire, nous avons montre dans quelles limites un tel procede pouvait etre utilise au Centre d'Etudes Nucleaires de Saclay. Les essais ont ete effectues sur des petites colonnes de resine au laboratoire; il est apparu ensuite necessaire de prevoir dans quelle mesure les resultats ainsi obtenus peuvent etre extrapoles a des colonnes industrielles, de plus grande hauteur. Les experiences dont les resultats sont exposes dans ce rapport, ont pour but de determiner les modes d'extrapolation qui pourraient etre employes pour des colonnes de resine organique utilisees pour la decontamination d'effluents radioactifs. Nous avons en particulier recherche si la loi d'extrapolation de Hiester et Vermeulen qui donne de bons resultats dans le cas de fixation d'ions radioactifs en presence d'un ion macrocomposant sur des terres, pouvait etre appliquee. Les experiences, en nombre limite, ont montre que la loi d'extrapolation de Hiester et Vermeulen pouvait s'appliquer dans le cas de l'effluent considere quand les debits de percolation sont tres faibles; quand ils sont plus forts, les volumes de liquide percoles, a fixation egale, sont proportionnels aux

  8. The use of an experimental device for the determination of the concentration of artificial radioactive aerosols at high altitudes; Utilisation d'un missile experimental pour l'evaluation des concentrations en aerosols radioactifs artificiels en haute altitude

    Energy Technology Data Exchange (ETDEWEB)

    Boclet, D; Jehanno, C; Labeyrie, J [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires; Le Boiteux, H [Office National d' Etudes et de Recherches Aeronautique, 92 - Chatillon sous Bagneux (France)

    1960-07-01

    By means of measurements with a Geiger counter on january, the 27{sup th}, in 1959 at an altitude reaching 65 km approximately, and following comparison with similar measurements made by Gangnes, Jenkins and Van Allen in 1949 at the same geomagnetic latitude (41 deg. North), it is concluded that radioactive aerosols above Southern France tropopause had a concentration less than 100.10{sup -12} curies/m{sup 3} at that time. The missile used for this purpose and its performance are quickly described in this paper. (author) [French] Au moyen de mesures faites au compteur Geiger le 27 janvier 1959 jusqu'au environ de 65 km et apres comparaison avec des mesures analogues faites en 1949 par Gangnes, Jenkins et Van Allen a la meme altitude geomagnetique (41deg. N), on conclut que les aerosols radioactifs au-dessus de la tropopause de la France meridionale avaient a cette epoque une concentration inferieure a 100.10{sup -12} curies/m{sup 3}. Une rapide description du missile utilise et de ses performances complete cette communication. (auteur)

  9. Group Chemical Changes and Physical Property Correlations in Refining of Lube Base Stocks. Ir and Nmr Spectroscopy Corrélations entre les propriétés physiques et les changements de composition chimique au cours du raffinage des huiles de base. Spectrométrie infra rouge et résonance magnétique nucléaire

    Directory of Open Access Journals (Sweden)

    Singh H.

    2006-11-01

    Full Text Available Changes occurring in the chemical composition of lubricating oil base stocks with different degreeand typeof refining have been investigated by IR and NMR spectroscopy. Significant conclusions about the chemical composition have been reached through the study of structural parameters. Correlations between molecular parameters such as aromaticity , average number of carbon atoms per alkyl substituentand the Viscosity Indexof base oils are reported. The term degree of refininghas been assigned a quantitative value in combination with the VI to denote the progressive refining of raw lube distillates to base stocks. Les modifications de la composition chimique d'huiles lubrifiantes au cours de divers type de raffinage à des degrés variables de sévérité sont étudiées par spectrométries IR et RMN. L'étude des paramètres structuraux aboutit à des conclusions significatives sur la composition chimique. Des corrélations entre l'indice de viscosité et des paramètres structuraux tels que l'aromaticité et le nombre moyen d'atomes de carbone par substituant alkyl sont dégagées. On attribue au terme degré de raffinage une valeur quantitative - combiné avec l'indice de viscosité pour signifier le raffinage progressif de distillats bruts en huiles de base.

  10. Determination of mineral radioactive strontium-{sup 90} in urines; Recherche du strontium mineral radioactif {sup 90}Sr dans les urines

    Energy Technology Data Exchange (ETDEWEB)

    Jeanmaire, L; Jammet, H; Bertrand, S [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1959-07-01

    An analytical procedure for radioactive strontium in urine is described. As a first step, a precipitation of calcium oxalate performed on the urine, allows to detect the presence of various fission products and particularly of strontium which is carried by the precipitate. Strontium can then be selectively separated on ion exchange resins. By studying the growth curve of {beta} activity, it is possible to determine the activities which may be attributed to {sup 89}Sr and {sup 90}Sr respectively. (author) [French] Cet article decrit une technique de dosage du strontium radioactif dans les urines. Dans un premier stade, une precipitation d'oxalate de calcium effectuee sur l'urine permet de deceler la presence de differents produits de fission et en particulier du strontium qui est entraine sur ce precipite. Il est possible ensuite de separer selectivement le strontium au moyen de resines echangeuses d'ions. L'examen de le courbe de croissance de l'activite {beta} permet de determiner les activites dues respectivement a {sup 89}Sr et {sup 90}Sr. (auteur)

  11. Study of the behaviour of artificial radioactive aerosols. Applications to some problems of atmospheric circulation (1963); Etude du comportement dcs aerosols radioactifs artificiels. Applications a quelques problemes de circulation atmospherique (1963)

    Energy Technology Data Exchange (ETDEWEB)

    Lambert, G. [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1963-11-15

    The aim of this work, consists in the examination of the behaviour of radioactive aerosols produced in the atmosphere by nuclear explosions, in order to deduce the most general laws governing atmospheric circulation and diffusion. After having given a general table of the radioactive aerosols present the authors consider the validity and the precision of the measurement methods and the concentration of the aerosols at ground level and in the upper atmosphere, as well as their deposition on the ground. The existence is thus demonstrated of a tropospheric equatorial barrier and of discontinuous and seasonal aspects of stratosphere-troposphere transfers. The role is shown of precipitations and dry auto-filtration in the lower atmosphere cleaning processes. This work makes it possible to describe the general behaviour of dust from the stratosphere, and to improve the total radioactive contamination of the globe. (author) [French] L'objectif de ce travail consiste a examiner le comportement des aerosols radioactifs introduits dans l'atmosphere par les explosions nucleaires, pour en deduire les lois les plus generals de la circulation et diffusion atmospheriques. Apres avoir dresse un tableau d'ensemble des aerosols radioactifs presents, on examine la validite et la precision des methodes de mesure de leur concentration, au niveau du sol et en haute atmosphere, ainsi que de leur depot a la surface du sol. On met ainsi en evidence l'existence d'une barriere equatoriale tropospherique; l'aspect discontinu et saisonnier des transferts stratosphere-troposphere; le role des precipitations et de l'auto-filtration seche, dans les processus de nettoyage de la basse atmosphere. Ces etudes permettent de decrire le comportement general des poussieres d'origine stratospherique et d'ameliorer le bilan de la contamination radioactive du globe. (auteur)

  12. Study of the behaviour of artificial radioactive aerosols. Applications to some problems of atmospheric circulation (1963); Etude du comportement dcs aerosols radioactifs artificiels. Applications a quelques problemes de circulation atmospherique (1963)

    Energy Technology Data Exchange (ETDEWEB)

    Lambert, G [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1963-11-15

    The aim of this work, consists in the examination of the behaviour of radioactive aerosols produced in the atmosphere by nuclear explosions, in order to deduce the most general laws governing atmospheric circulation and diffusion. After having given a general table of the radioactive aerosols present the authors consider the validity and the precision of the measurement methods and the concentration of the aerosols at ground level and in the upper atmosphere, as well as their deposition on the ground. The existence is thus demonstrated of a tropospheric equatorial barrier and of discontinuous and seasonal aspects of stratosphere-troposphere transfers. The role is shown of precipitations and dry auto-filtration in the lower atmosphere cleaning processes. This work makes it possible to describe the general behaviour of dust from the stratosphere, and to improve the total radioactive contamination of the globe. (author) [French] L'objectif de ce travail consiste a examiner le comportement des aerosols radioactifs introduits dans l'atmosphere par les explosions nucleaires, pour en deduire les lois les plus generals de la circulation et diffusion atmospheriques. Apres avoir dresse un tableau d'ensemble des aerosols radioactifs presents, on examine la validite et la precision des methodes de mesure de leur concentration, au niveau du sol et en haute atmosphere, ainsi que de leur depot a la surface du sol. On met ainsi en evidence l'existence d'une barriere equatoriale tropospherique; l'aspect discontinu et saisonnier des transferts stratosphere-troposphere; le role des precipitations et de l'auto-filtration seche, dans les processus de nettoyage de la basse atmosphere. Ces etudes permettent de decrire le comportement general des poussieres d'origine stratospherique et d'ameliorer le bilan de la contamination radioactive du globe. (auteur)

  13. Mark Stock | NREL

    Science.gov (United States)

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

  14. A contribution to the study of radioactive waste dilution in the Rhone involving tests with a rhodamine B tracer; Contribution a l'etude de la dilution des effluents radioactifs dans le Rhone par le rejet experimental de rhodamine B

    Energy Technology Data Exchange (ETDEWEB)

    Rodier, J.; Marichal, M. [Commissariat a l' energie atomique et aux energies alternatives - CEA, Centre de production de plutonium de Marcoule, Service de protection contre les radiations (France)

    1961-07-01

    The process whereby waste from the Marcoule plant mixes with the water in the Rhone was followed in tests with rhodamine as a chemical tracer. Satisfactory dispersion was noted less than 4 km downstream from the waste discharge duct outlet, and the degree of homogeneity was considered to be satisfactory at the bridge of Roquemaure, und perfect at Avignon. This investigation not only revealed a complete absence of any preferential flow paths containing high radioactive waste concentrations, but it also enabled the most representative points to be selected at which to take Rhone water samples during future radioactive waste discharges. Reprint of a paper published in 'La Houille Blanche' N. 5 - Aug 196, p. 636-641 [French] L'emploi de la rhodamine comme traceur chimique a permis de suivre l'evolution du melange des effluents du Centre de Marcoule aux eaux du Rhone. La dispersion est deja satisfaisante a moins de 4 km en aval de la conduite des rejets, et l'homogeneite peut etre consideree comme atteinte au pont de Roquemaure et parfaite a Avignon. Cette etude a montre que les veines preferentielles ou se concentrait l'ecoulement des effluents radioactifs n'existent pas. Elle a permis de preciser en outre les emplacements les plus representatifs des points d'echantillonnage des eaux du Rhone au cours des rejets. Reproduction d'un article publie dans 'La houille blanche' N. 5 - Aug 196, p. 636-641.

  15. Tests of the use of cation exchange organic resins for the decontamination of radioactive aqueous effluents; Essais d'emploi des resines organiques echangeuses de cations pour la decontamination des effluents aqueux radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Bourdrez, Jean; Girault, Jacques; Wormser, Gerald

    1962-12-14

    The authors report tests performed in laboratory and results obtained during an investigation of the use of synthetic ion exchangers for the decontamination of radioactive effluents of moderate activity level and with a non neglectable salt loading. Resins are used under sodium form and regenerated after each fixing operation. Once decontaminated and free of its disturbing ions, the regenerating agent (NaCl) is used for several operations. The authors present the used resins, the treated effluents, describe the tests, and discuss the obtained results [French] Dans ce rapport nous faisons le point des essais et resultats obtenus au laboratoire au cours d'une etude concernant l'utilisation des echangeurs d'ions synthetiques pour la decontamination des effluents radioactifs de niveau d'activite moyenne et de charge en sels non negligeable. Les resines sont employees sous forme sodique et regenerees apres chaque operation de fixation. Le regenerant decontamine et debarrasse de ses ions genants est utilise pour plusieurs operations d'elution. Les seuls residus a stocker proviennent d'une part eventuellement d'un pretraitement de l'effluent, d'autre part, dans tous les cas des precipites consecutifs a la purification de l'eluant dont le traitement chimique est plus aise et donne lieu a des boues beaucoup moins volumineuses qu'une coprecipitation effectuee sur la totalite de l'effluent. (auteurs)

  16. A Study Of The Dilution Of Radio-Active Waste In The Rhone (1961); Etude de la dilution dans le rhone des effluents radioactifs du Centre de Marcoule (1961)

    Energy Technology Data Exchange (ETDEWEB)

    Rodier, J; Scheidhauer, J; Marichal, M; Court, R [Commissariat a l' Energie Atomique, Centre de Production de Plutonium, Marcoule (France). Centre d' Etudes Nucleaires

    1961-07-01

    The discharge into the Rhone of liquid radio-active waste from the Marcoule Centre necessitates a large number of measurements, in particular chemical and radio-chemical analysis of the waste, itself and of the waters of the Rhone both above arid below the point of discharge. The results thus obtained during 1960 made it possible to evaluate the total amount of active waste discharged and its dilution in the receiving medium. A statistical study of the results of the analysis of the Rhone waters shows that a satisfactory dilution of the waste occurs rapidly; the experimental results obtained with an experimental discharge of rhodamine are thus confirmed. (authors) [French] Le rejet au Rhone des effluents radioactifs liquides produits sur le Centre de Marcoule donne lieu a un grand nombre de mesures et en particulier d'analyses chimiques et radio-chimiques des effluents eux-memes ainsi que des eaux du Rhone avant et apres rejet. Au cours de l'annee 1960, l'ensemble des resultats ainsi obtenus a permis de dresser un bilan des activites rejetees et de leur dispersion dans le milieu recepteur. Une etude statistique des resultats d'analyses des eaux du Rhone montre qu'une dilution satisfaisante des effluents s'effectue rapidement confirmant ainsi les resultats obtenus lors d'un rejet experimental de rhodamine. (auteurs)

  17. Some Questions on the Fixation of Radioisotopes in Connexion with the Problem of their Safe Burial; Quelques Aspects de la Fixation des Isotopes Radioactifs en Rapport avec le Probleme de leur Elimination dans le Sol; 041d 0414 ; Algunos Aspectos de la Fijacion de los Isotopos Radiactivos en Relacion con los Problemas de su Evacuacion sin Riesgos en el Suelo

    Energy Technology Data Exchange (ETDEWEB)

    Zimakov, P. V.; Kulichenko, V. V.

    1960-07-01

    The results given in this paper are based on the fact that the best way of burying fission products is to incorporate them in vitrified fused blocks containing these fission products. The physico-chemical bases of the transformation of liquid waste into solid blocks are shown. The thermogram of this process is presented and the analysis of its characteristics given. The conditions of fusion of the vitrified mass, in particular those contributing to the fixation of radioactive aerosols, are shown. Some results of studies on the chemical state of radioactive fission products in the solid mass in connexion with the leaching of their radioactivity are given. In conclusion, the results of calculations of the temperatures up to which the radioactive blocks may be heated according to their characteristics are presented. (author) [French] Le present memoire est base sur l'hypothese que le meilleur procede d'elimination des dechets radioactifs dans le sous:sol consiste a les enfouir sous forme de blocs coules dans lesquels ils seraient intimement meles a du verre. Les auteurs decrivent les phenomenes physico-chimiques qui permettent la transformation des dechets radioactifs liquides en blocs solides. Ils donnent le thermogramme de ce processus et examinent certaines de ses particularites. Ils exposent en outre les conditions de coulage de la masse de verre, notamment celles qui facilitent la formation d'aerosols radioactifs. Les auteurs donnent quelques resultats des etudes effectuees sur l'etat chimique des elements radioactifs au sein de la masse solide, dans la mesure ou ces resultats touchent aux problemes que pose la fuite de la radioactivite due au 'lessivage' du bloc par l'eau. En conclusion, les auteurs indiquent les resultats du calcul des temperatures maxima auxquelles on peut porter les blocs radioactifs compte tenu de leurs caracteristiques. (author) [Spanish] Los autores de la memoria parten del supuesto de que la mejor manera de evacuar en el suelo los

  18. Review of the incineration of 500 tonnes of radio-active residues; Bilan de l'incineration de 500 tonnes de residus radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Rodier, J; Seyfried, P; Charbonneaux, M [Commissariat a l' Energie Atomique, Chusclan (France). Centre de Production de Plutonium de Marcoule

    1969-07-01

    During its first five years operation, the incinerator at the Marcoule Centre has burnt almost 500 tonnes of radio-active residues. Improvements in some of the details of the process have been made during this period; they concern the nature of the materials involved. The technical and radiological results for the installation are very favorable, and have made it possible to maintain a high charge factor.Although the overall economic results are not advantageous in the case of ungraded solid residues this method represents nevertheless the best available for eliminating oils, solvents, wood and dead animals. It can also be of use furthermore each time that a dilution in the atmosphere can advantageously be used as a method of disposing of certain radio elements such as tritium or carbon 14 in the form of gases or vapours. (author) [French] L'incinerateur du Centre de Marcoule a brule, durant les 5 premieres annees de fonctionnement, pres de 500 tonnes de residus radioactifs. Les ameliorations de detail realisees au cours de cette periode ont porte sur la nature des materiaux employes. Les bilans techniques et radiologiques de l'installation sont tres favorables et ont permis de maintenir un facteur de charge eleve. Si le bilan economique n'est pas favorable a l'incineration des residus solides 'tout venant' cette methode constitue cependant la solution ideale pour l'elimination des huiles, des solvants, du bois et des cadavres d'animaux. En outre, elle peut etre interessante chaque fois que la dilution dans l'atmosphere peut etre avantageusement mise a profit pour rejeter certains radioelements tels que le tritium ou le carbone 14 sous forme de gaz ou de vapeurs. (auteur)

  19. Results of concentration measurements of artificial radioactive aerosols in the lower atmosphere; Resultats des mesures de concentration, dans la basse atmosphere, des aerosols radioactifs artificiels

    Energy Technology Data Exchange (ETDEWEB)

    Ardouin, B; Jehanno, C; Labeyrie, J; Lambert, G; Tanaevsky, O; Vassy, E [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1963-07-01

    This report gives the results of the measurements of artificial gross-{beta}-radioactivity in aerosols in the lower atmosphere; these measurements have been made by the Electronic Physics Service of the Electronic Department, and by the Atmospheric Physics Laboratory of the Paris Science Faculty. The measurements were begun in September 1956 and were continued in an increasing number of stations both in France and in the rest of the world. The present report deals with the period up to the end of august 1961, that is up to the end of the nuclear moratorium. After recalling the constitution and the properties of radioactive aerosols present in the atmosphere, the authors describe the measurement methods, estimate their accuracy and discuss various aspects of the results. (authors) [French] Ce rapport contient les resultats des mesures de radioactivite {beta} globale d'origine artificielle des aerosols dans la basse atmosphere, effectuees conjointement par le Service d'Electronique Physique du Departement d'Electronique et le Laboratoire de Physique de l'Atmosphere de la Faculte des Sciences de Paris. Les mesures ont commence en septembre 1956 et ont ete poursuivies dans un nombre croissant de stations, tant en France que dans le reste du monde. Le present rapport s'arrete a la fin aout 1961, c'est-a-dire au moment de la reprise des essais nucleaires. Apres avoir rappele la constitution et les proprietes des aerosols radioactifs presents dans l'atmosphere, les auteurs indiquent les methodes de mesure utilisees, evaluent leur precision et discutent les differents aspects des resultats de leurs mesures. (auteurs)

  20. Lutte contre les ravageurs des stocks de céréales et de légumineuses au Sénégal et en Afrique occidentale : synthèse bibliographique

    Directory of Open Access Journals (Sweden)

    Guèye, MT.

    2011-01-01

    Full Text Available Controlling pests of cereals and legumes in Senegal and West Africa: a review. Post-harvest losses of cereals and legumes are a major problem in Senegal and West Africa. The solutions to eliminate insects, major pests of stored products were mainly chemical. However, due to pollution associated with pesticides use, selection of resistant strains, environmental pollution, poisoning, the search for alternatives is needed. It is reported on different methods of protecting stocks performed alternatively or in combination with pesticides. The major pest species encountered, particularly Prostephanus truncatus (Horn, insect emerging in Senegal, could be controlled by alternative methods including specially the use of insecticide plants. Different aspects related to this alternative way to chemical pesticides are reviewed herein.

  1. Experiment of decontamination of radioactive liquid by a biological method; Experience de decontamination de liquides radioactifs far voie biologique

    Energy Technology Data Exchange (ETDEWEB)

    Wormser, G.

    1962-07-01

    The author reports experiments of treatment of radioactive liquid effluents by percolation on a bacterial bed like the one used for the treatment of sewer wastewaters. He also reports results obtained in other countries in terms of reduction of effluent radioactivity for various radioactive ions. The installation is described and results are presented in terms of variation of contamination of an effluent with respect to its recycling on a bacterial bed [French] Dans le monde entier, on se preoccupe des moyens de decontamination pour des liquides radioactifs. Les experiences de l'auteur ont confirme qu'un lit bacterien neuf peut donner de bons resultats: il est a noter que ce procede biologique se montre selectif a l'egard des divers ions radioactifs. (auteur)

  2. Étude des effets d'irradiation dans les montmorillonites. Application au stockage des déchets radioactifs.

    OpenAIRE

    Sorieul , Stéphanie

    2003-01-01

    Smectite is a major component of bentonite, a material considered for engineered barriers in high level nuclear wastes repositories (HLNWR). In order to predict the long-term performance of the bentonite, various physical and chemical factors such as, e.g., thermal gradient, redox potential or mechanical stresses are currently considered. By contrast, little is known about radiation effects in smectite, although it might affect the properties of this mineral through cumulative radiation damag...

  3. Central Au on Au collisions

    Energy Technology Data Exchange (ETDEWEB)

    Alard, J.P.; Amouroux, V. [Labo de Phys. Corp., IN2P3-CRNS, Univ. Blaise Pascal, Clermont-Fd. (France); Basrak, Z. [Rudjer Boskovic Institute, Zagreb (Croatia)] [and others; FOPI-Collaboration

    1995-02-06

    In nucleus-nucleus collisions the initial relative kinetic energy of target and projectile is available for internal excitation of the interacting system; it is however still not well established to what extent local equilibrium and thermalisation occur. Local equilibrium is of interest to derive, within the formalism of transport equations and of the equation of state, (EOS), general properties of compressed and excited nuclear matter. Such approach describes in relatively simple terms the complex many body interactions occuring within extended baryonic and hadronic (or quark) matter. For a basic microscopic understanding it is highly desirable to investigate the elementary in-medium interactions in relation to the free elementary processes. Excitation function measurements of central collisions between the heaviest available nuclei (like Au on Au), supply the best ground for such studies: the highest degree of thermalisation and compression is expected for such reactions. The consideration presented here of energy thermalisation and of an expanding system clusterizing at freeze-out in a situation close to the liquid gas phase transition can be of interest to astrophysics as well as to the quark gluon plasma deconfinement studied in nucleus-nucleus collisions at the higher energy regime of CERN and Brookhaven. (orig.).

  4. Stock Market Project.

    Science.gov (United States)

    Distel, Brenda D.

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

  5. 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.

  6. Safety apparatus for serious radioactive accidents (1962); Materiel d'intervention en cas d'accident radioactif grave (1962)

    Energy Technology Data Exchange (ETDEWEB)

    Estournel, R; Rodier, J [Commissariat a l' Energie Atomique, Centre de Production de Plutonium, Marcoule (France). Centre d' Etudes Nucleaires

    1962-07-01

    In the case of a serious radioactive accident, radioactive dust and gases may be released into the atmosphere. It is therefore necessary to be able to evaluate rapidly the importance of the risk to the surrounding population, and to be able to ensure, even in the event of an evacuation of the Centre, the continuation of the radioactivity analyses and the decontamination of the personnel. For this, the Anti-radiation Protection Service at Marcoule has organised mobile detection teams and designed a mobile laboratory and a mobile shower-unit. After describing the duty of the mobile teams, the report gives a description of the apparatus which would be used at the Marcoule Centre in the case of a serious radioactive accident. The method of using this apparatus is given. (authors) [French] Lors d'un accident radioactif grave, des poussieres et des gaz radioactifs peuvent etre relaches dans l'atmosphere. II est alors indispensable d'evaluer rapidement l'importance du risque couru par les populations environnantes, et de pouvoir assurer, meme dans le cas de l'evacuation du Centre, la poursuite des analyses radioactives et la decontamination du personnel. Pour cela, le Service de Protection contre les Radiations du Centre de Marcoule a mis sur pied des equipes mobiles de detection et realise une semi-remorque laboratoire ainsi qu'une semi-remorque douches. Apres avoir defini la mission des equipes mobiles, le rapport donne la description du materiel d'intervention qui serait mis en oeuvre par le Centre de Marcoule dans le cas d'un accident radioactif grave. Il precis le mode d'utilisation de ce materiel. (auteurs)

  7. Analytical chemistry equipment for radioactive products; Installation de chimie analytique pour produits radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Douis, M; Guillon, A; Laurent, H; Sauvagnac, R [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1959-07-01

    The report deals with a shielded enclosure, hermetic, for analytical examination and handling of radioactive products. Remote handling for the following is provided: pipette absorption - weighing - centrifuging - desiccation - volumetric - pH measurement - potentiometric - colorimetric - polarographic. The above list is not restrictive: the enclosure is designed for the rapid installation of other equipment. Powerfully ventilated and screened to 400 m-curies long life fission product levels by 5 cm of lead, the enclosure is fully safe to the stated level. (author) [French] La presente communication decrit une enceinte etanche et blindee permettant un travail et un controle analytique sur des produits radioactifs. Les techniques suivantes sont adaptees pour une manipulation a distance: pipettage, pesees, centrifugation, dessiccation, volumetrie, mesure de pH, potentiometrie, colorimetrie, polarographie. Cette liste n'est pas limitative. La conception de l'installation permet la mise en place rapide d'autres appareils. Protegee par 5 cm de plomb et fortement ventilee, elle donne toute securite de manipulation jusqu'a un niveau d'activite 400 mcuries en produits de fission a vie longue. (auteur)

  8. Treatment and final conditioning of solid radioactive wastes; Traitement et conditionnement definitif des dechets radioactifs solides

    Energy Technology Data Exchange (ETDEWEB)

    Cerre, J [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1960-07-01

    The storage of solid radioactive wastes on a site is so cumbersome and dangerous that we have developed a method of treatment and conditioning by means of which the volume of waste is considerably reduced and very long-lasting shielding can be provided. This paper describes the techniques adopted at Saclay, where the wastes are sheared, compressed and enveloped in concrete of variable thickness. The main part of the report is devoted to a description of the corresponding remote handling installation. (author) [French] L'encombrement et le danger que presentent sur un site le stockage de dechets radioactifs solides nous ont amenes a etudier un mode de traitement et de conditionnement permettant une sensible reduction du volume des dechets et une protection de tres longue duree. La presente communication expose les techniques adoptees a Saclay ou les dechets sont cisailles, comprimes et enrobes dans du beton d'epaisseur variable. La description de l'installation telecommandee correspondante fait l'objet principal de cette communication. (auteur)

  9. Market Structure and Stock Splits

    OpenAIRE

    David Michayluk; Paul Kofman

    2001-01-01

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

  10. Les estimations du capital humain au Canada : approche fondee sur le revenu de la vie entiere

    OpenAIRE

    Gu, Wulong; Wong, Ambrose

    2010-01-01

    Dans le present document, nous produisons une estimation de l'investissement en capital humain fonde sur le marche et du stock de ce capital au Canada au cours de la periode s'etendant de 1970 a 2007 selon l'approche fondee sur le revenu de la vie entiere. Nous comparons cette estimation a celle de l'investissement en capital physique et naturel et du stock de ce capital. En suivant la methode elaboree par Jorgenson et Fraumeni, nous estimons le stock de capital humain sous forme du revenu de...

  11. Storing and evacuation of solid radioactive waste (1960); Stockage et evacuation des dechets radioactifs solides (1960)

    Energy Technology Data Exchange (ETDEWEB)

    Pomarola, J [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1960-07-01

    The object of this paper is to present the plans under consideration for the final destination of solid radioactive wastes. 1) It is first of all necessary to provide in each centre an organised temporary storage dump. Several types of temporary dumps are suitable and can coexist in the same area; on the ground, in buildings; in basements. 2) Definitive storage. To accomplish a definitive storage arrangement it is necessary, as a function of the activity and the conditioning of the wastes, to define: - the site and the means of transport considered both inside and outside nuclear centres. The solution adopted depends on the above imperatives, and plans for definitive storage on the ground, under ground and in the sea are examined successively. Economic considerations play a large part in the decision reached. (author) [French] La presente communication a pour objet les solutions envisagees pour une destination finale des dechets radioactifs solide. 1) Il est tout d'abord necessaire de prevoir, dans chaque centre, un stockage provisoire organise. Plusieurs types de stockage previsoire peuvent convenir et coexister sur une meme aire; stockage sur le sol; stockage en batiment; stockage en sous-sol. 2) Stockage definitif. La realisation d'un stockage definitif rend necessaire, en fonction de l'activite et du conditionnement des dechets, la definition: - du site et des modes de transports envisages a l'interieur et a l'exterieur des Centres Nucleaires. Le choix des solutions decoule des imperatifs ci-dessus et on examine successivement le stockage definitif, - sur le sol; dans le sous-sol; en mer. Les considerations d'ordre economique constituent un facteur important dans le choix de la solution. (auteur)

  12. The treatment of effluents; Ameliorations apportees aux traitements des residus radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Wormser, G; Rodier, J; Robien, E de; Fernandez, N [Commissariat a l' Energie Atomique, Grenoble (France). Centre d' Etudes Nucleaires

    1964-07-01

    resins are used in the sodium form; the regeneration is carried out using a sodium salt solution which, after decontamination by coprecipitation is used again. With this process it is possible to use a smaller volume of sludge. 2 - The use of a natural evaporator. This process uses atmospheric air which is not saturated with water vapour and which is at a normal temperature, in order to extract water from the aqueous effluents. (authors) [French] Depuis plusieurs annees, le Commissariat a l'Eneregie Atomique Francais s'est penche avec interet sur les problemes poses par les effluents radioactifs. Les hautes activites n'ayant pas encore recu de solution definitive, nous nous bornerons a traiter, dans cette communication, que des realisations et des recherches relatives aux effluents faiblement et moyennement actifs. Dans le domaine des realisations, diverses stations de traitement ont ete construites en France; nous en ferons une breve enumeration, tout en faisant ressortir les nouveautes les plus importantes. C'est ainsi que nous presenterons plus specialement les dernieres stations de traitement mises en oeuvre (Grenoble, Fontenay-aux-Roses, Cadarache). De I'ensemble de ces realisations nouvelles, nous traiterons d'une maniere un peu plus approfondie, les trois sujets suivants: 1 - Atelier de conditionnement par bitumage des boues provenant de la concentration des radio-nucleides. 2 - Atelier de traitement des dechets solides radioactifs et combustibles par incineration. 3 - Ensemble de concentration effluents liquides radioactifs par evaporation. Dans le domaine de la recherche, de nombreuses voies ont ete abordees; nous en ferons I'inventaire. Il s'agit, dans la plupart des cas, de la concentration des radio-nucleides en vue d'un stockage pratique et peu onereux, concentration associee a une decontamination efficace, et Ie meilleur marche possible, des liquides aqueux, en vue de leur rejet. Pour l'amelioration des traitements aboutissant a la concentration des radio

  13. Treatment and Processing of Radioactive Wastes; Traitement des Dechets Radioactifs; 041e 0411 0420 0414 ; Tratamiento de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Rodger, Walton A. [Chemical Engineering Division, Argonne National Laboratory, Lemont, IL (United States)

    1960-07-01

    'auteur decrit des installations type. On a envisage la possibilite d'incinerer les dechets combustibles et l'auteur decrit cette methode en precisant les modalites d'application. La mise en paquets peut souvent completer utilement la collecte des dechets. L'auteur etudie un certain nombre de procedes pour les dechets liquides. Il decrit egalement des systemes type en expliquant leur fonctionnement. Dechets de haute radioactivite - Les gaz sont parfois decharges directement dans des cheminees, mais le plus souvent on leur fait subir certains traitements. On peut, soit les epurer par des processus chimiques, retirer l'iode par reaction avec l'argent, extraire les gaz rares ou encore recourir au filtrage. Les solides fortement contamines peuvent necessiter une decontamination sur place avant la collecte. Les dechets liquides fortement radioactifs constituent a l'heure actuelle la plus forte proportion de dechets a eliminer par l'industrie. On a cherche a resoudre le probleme en reduisant le volume des dechets produits en changeant le processus ; on peut aussi concentrer les dechets produits ou bien les reduire sous forme solide - plusieurs methodes sont employees a cet effet, notamment la concentration, l'utilisation de ciment de Portland, l'adsorption sur argile ou autre materiau naturel et la calcination. L'auteur examine les problemes techniques et economiques qui se posent a propos de l'entreposage provisoire. Il peut etre necessaire de ne traiter les dechets qu'en un petit nombre d'endroits soigneusement determines. L'auteur a calcule approximativement les quantites et le materiel necessaire au deplacement. Il etudie egalement les risques afferents et les incidences financieres. (author) [Spanish] El autor examina algunos de los metodos que se han propuesto para tratar los desechos radiactivos de baja y elevada actividad. Desechos de baja actividad - Una vez diluidos, los gases se descargan en la atmosfera mediante chimeneas o se hacen pasar por filtros de elevado poder de

  14. The Differences Between Stock Splits and Stock Dividends

    DEFF Research Database (Denmark)

    Bechmann, Ken L.; Raaballe, Johannes

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

  15. Health problems raised by the elimination of radioactive wastes and nuclear accidents; Problemes sanitaires poses par l'elimination des dechets radioactifs et par les accidents nucleaires

    Energy Technology Data Exchange (ETDEWEB)

    Jammet, H; Mechali, D; Dousset, M [Commissariat a l' Energie Atomique, Fontenay-aux-Roses (France). Centre d' Etudes Nucleaires

    1964-07-01

    residus radioactifs produits par les installations nucleaires. L'evaluation du risque encouru par les populations et la fixation des limites admissibles pour les rejets ne peuvent resulter que d'une connaissance exacte du cheminement des radioelements rejetes, depuis leur source d'emission jusqu'a l'homme. L'incorporation des radioelements dans les chaines alimentaires constitue le premier risque a prendre en consideration. Les facteurs de passage doivent etre envisages, dans toutes les etapes de cette transmission, qu'elles interessent les milieux physiques ou les milieux proprement biologiques, du fait de leur continuite et de leur interdependance. Enfin, les donnees de caractere socio-economique et dietetique doivent etre recueillies pour conduire a une evaluation des risques et des niveaux admissibles reposant non sur des donnees theoriques mais sur des bases concretes et experimentales. Le risque d'accidents nucleaires dans l'industrie atomique, bien que de probabilite tres reduite, doit etre pris en consideration du fait de la gravite de leurs consequences. Les problemes sanitaires se posent d'une part dans le domaine de l'hygiene professionnelle, d'autre part dans celui de l'hygiene publique. Le premier domaine implique un risque double: d'irradiation et de contamination. Le domaine public n'est soumis essentiellement qu'au risque de contamination par les substances radioactives liberees accidentellement dans le milieu. Les etudes sanitaires a mener dans ce domaine comprennent, de ce fait, les recherches sur la therapeutique des irradiations ou des contaminations mais aussi celles relatives au transfert des radioelements depuis l'installation accidentee jusqu'a l'homme, principalement a travers les chaines alimentaires, dans leurs composantes physiques comme dans leurs composantes biologiques. De telles etudes sont a la base des decisions d'ordre sanitaire qu'il conviendrait de prendre dans le cas d'un accident. (auteurs)

  16. 75 FR 46912 - Draft 2010 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2010-08-04

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

  17. DLA Forward Stocking

    National Research Council Canada - National Science Library

    Flory, John

    2007-01-01

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

  18. Trading network predicts stock price.

    Science.gov (United States)

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

    2014-01-16

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

  19. Ultra-relativistic Au+Au and d+Au collisions:

    Science.gov (United States)

    Back, B. B.; Baker, M. D.; Ballintijn, M.; Barton, D. S.; Betts, R. R.; Bickley, A. A.; Bindel, R.; Budzanowski, A.; Busza, W.; Carroll, A.; Chai, Z.; Decowski, M. P.; García, E.; Gburek, T.; George, N.; Gulbrandsen, K.; Gushue, S.; Halliwell, C.; Hamblen, J.; Hauer, M.; Heintzelman, G. A.; Henderson, C.; Hofman, D. J.; Hollis, R. S.; Hołyński, R.; Holzman, B.; Iordanova, A.; Johnson, E.; Kane, J. L.; Katzy, J.; Khan, N.; Kucewicz, W.; Kulinich, P.; Kuo, C. M.; Lin, W. T.; Manly, S.; McLeod, D.; Mignerey, A. C.; Nouicer, R.; Olszewski, A.; Pak, R.; Park, I. C.; Pernegger, H.; Reed, C.; Remsberg, L. P.; Reuter, M.; Roland, C.; Roland, G.; Rosenberg, L.; Sagerer, J.; Sarin, P.; Sawicki, P.; Seals, H.; Sedykh, I.; Skulski, W.; Smith, C. E.; Stankiewicz, M. A.; Steinberg, P.; Stephans, G. S. F.; Sukhanov, A.; Tang, J.-L.; Tonjes, M. B.; Trzupek, A.; Vale, C.; van Nieuwenhuizen, G. J.; Vaurynovich, S. S.; Verdier, R.; Veres, G. I.; Wenger, E.; Wolfs, F. L. H.; Wosiek, B.; Woźniak, K.; Wuosmaa, A. H.; Wysłouch, B.

    In this talk I will review PHOBOS data on charged particle multiplicities, obtained in Au+Au and d+Au collisions at RHIC. The general features of the Au+Au pseudorapidity distributions results will be discussed and compared to those of /line{p}p collisions. The total charged particle multiplicity, scaled by the number of participant pairs, is observed to be about 40% higher in Au+Au collisions than in /line{p}p and d+Au systems, but, surprisingly at the same level of e+e- collisions. Limiting fragmentation scaling is seen to be obeyed in Au+Au collisions.

  20. The treatment and conditioning of solid radioactive waste (1962); Le traitement et le conditionnement des dechets radioactifs solides (1982)

    Energy Technology Data Exchange (ETDEWEB)

    Cerre, P; Mestre, E [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1962-07-01

    Previous studies, the results of which have been confirmed by experiments, have led us to build a semi-industrial plant for the treatment and coating of solid radioactive waste. This report details the means at our disposal in a pilot plant which, apart from being used for tests, was also routine-operated. It is thus possible to give also an appreciation of its operation in this report. (authors) [French] Les etudes anterieures, dont les resultats ont ete confirmes par des essais, nous ont conduits a realiser une installation semi-industrielle de traitement et d'enrobage des dechets radioactifs solides. Le rapport a pour but de preciser les moyens mis a notre disposition dans une unite pilote qui, outre son role de banc d'essai, a pu etre exploitee en routine. C'est donc aussi un bilan de son exploitation qui est presente. (auteurs)

  1. Experimental study of contamination by inhalation of radioactive iodine aerosols. Biological balance; Etude experimentale de la contamination par inhalation d'aerosols d'iode radioactif bilan biologique

    Energy Technology Data Exchange (ETDEWEB)

    Marble, G [Commissariat a l' Energie Atomique, 92 - Fontenay-aux-Roses (France). Centre d' Etudes Nucleaires

    1968-07-01

    Several articles have been published concerning research into contamination produced by inhalation of radioactive iodine aerosols in monkeys. Results dealing with the biological balance of this contamination are presented and discussed in this report. (author) [French] L'etude experimentale de la contamination par inhalation d'aerosols d'iode radioactif effectuee chez le singe a fait l'objet de plusieurs publications. Les resultats concernant le bilan biologique de cette contamination sont presentes et discutes dans ce rapport. (auteur)

  2. Group Chemical Changes and Physical Property Correlations in Refining of Lube Base Stocks. Physico-Chemical and Adsorption Chromatography Parameters Corrélations entre les propriétés physiques et les changements de composition chimique au cours du raffinage des huiles de base. Paramètres physico-chimiques et de chromatographie par adsorption

    Directory of Open Access Journals (Sweden)

    Singh H.

    2006-11-01

    Full Text Available Changes in twenty-two lubricating oil base stocks prepared from Darius and Assam Mix Crudes by different types of refining treatment and severity of refining have been investigated. Changes in the viscosity index with progressive refining in base stocks of different viscosity have been studied in relation to physico-chemical properties, structural analysis and saturate contents of the base oils. Correlations between the concentration of saturates, saturate-to-aromatic ratio and VI of the base stocks are reported.

  3. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

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

  4. Mise au point

    African Journals Online (AJOL)

    31 mai 2013 ... traités au service de chirurgie maxillo-faciale et chirurgie plastique de l'hôpital ... qui est la fracture simple isolée du corps, on a inclut ce type de fracture ... sion latérale au niveau de la queue du sourcil. La voie vestibulaire ...

  5. Au pair trajectories

    DEFF Research Database (Denmark)

    Dalgas, Karina Märcher

    2015-01-01

    pair-sending families in the Philippines, this dissertation examines the long-term trajectories of these young Filipinas. It shows how the au pairs’ local and transnational family relations develop over time and greatly influence their life trajectories. A focal point of the study is how au pairs...... that Filipina au pairs see their stay abroad as an avenue of personal development and social recognition, I examine how the au pairs re-position themselves within their families at home through migration, and how they navigate between the often conflicting expectations of participation in the sociality......Since 2000, thousands of young Filipino migrants have come to Denmark as au pairs. Officially, they are there to “broaden their cultural horizons” by living temporarily with a Danish host family, but they also conduct domestic labor in exchange for food and money, which allows them to send...

  6. The use radioactive tracers in the study of solid transport in water streams; Emploi de traceurs radioactifs pour l'etude du transport solide dans les cours d'eau

    Energy Technology Data Exchange (ETDEWEB)

    Courtois, G [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires; Jaffry, P; Heuzel, M [Laboratoire National d' Hydraulique de Chatou, 78 (France)

    1960-07-01

    The Laboratoire National d'Hydraulique which has been studying, during the last few years in conjunction with the Centre d'Etudes Nucleaires at Saclay, the development of apparatus and of methods of investigation of sediment transport by radioactive tracer techniques, is at the moment trying to perfect a genuinely quantitative method of investigation. Two experiments have recently been carried out in rivers, the first designed to investigate the transport of pebbles in the river Rhone, the other to investigate the movement of sands in the Niger. This second experiment has been supported by parallel experiments carried out on a reduced scale model of the Niger built at the laboratories of Chatou: in this experiment are used the radiation from {sup 56}Mn and {sup 24}Na obtained by direct activation of the crushed apricot store which represents, in the scale model, the natural sediment on the bed of the Niger. The combined efforts of the laboratories of Chatou and of the Centre d'Etudes Nucleaires at Saclay are at the moment directed to the application of radioactive tracers to studies on the scale models with the double aim: a) of having a single investigational method for the actual experiment and for the model making it possible to control the accuracy of the model in the preliminary stage of calibrating this model; b) of making the most of the possibilities of observation and of direct measurement offered by the scale models for studying the possibility of improving the tracer method, in particular with respect to the collecting of quantitative data. (author) [French] La Laboratoire National d'Hydraulique qui, depuis quelques annees a developpe, en collaboration avec le Centre d'Etudes Nucleaires de Saclay, les appareillages et les techniques d'etudes des mouvements de sediments par la methode des traceurs radioactifs, s'efforce actuellement de mettre au point un moyen d'investigation veritablement quantitatif. Deux experiences ont ete effectuees recemment en

  7. Cadarache LOR (liquides organiques radioactifs) treatment by a solidification process using NOCHAR polymers

    International Nuclear Information System (INIS)

    Vaudey, Claire-Emilie; Renou, Sebastien; Kelley, Dennis; Cochaud, Chantal; Serrano, Roger

    2013-01-01

    In France, two options can be considered to handle the Very Low Level Waste (VLLW) and the Low Level Waste (LLW). The first one is the incineration at CENTRACO facility and the second one is the disposal at ANDRA sites. The waste acceptance in these two channels is dependent upon the adequacy between the waste characteristics (physical chemistry and radiological) and the channel specifications. If the waste characteristics and the channel specifications (presence of significant quantities of halogens, complexing agents, organic components... or/and high activity limits) are incompatible, an alternative solution have to be identify. It consists of a waste pre-treatment process. For Cadarache LOR (Liquides Organiques Radioactifs) waste streams, two radioactive scintillation cocktails have to be treated. They are composed of a mix of organic liquids and water: for the first one, 19 % of organic compounds (xylene, mesitylene, diphenyloxazole, TBP...) and 86.9 % of water, and for the second one, 23 % of organic compounds (TBP...) and 77 % of water. They contain halogens (chlorine and fluorine), complexants agents (nitrate, sulphate, oxalate and formate) and have got αβγ spectra with mass activities equal to some 100 Bq/g. Therefore, tritium is also present. As a consequence, in order for storage acceptance at the ANDRA site, it is necessary to pre-treat the waste. An adequate solution seems to be a solidification process using NOCHAR polymers. Indeed, NOCHAR polymers correspond to an important variety of products applied to the treatment of radioactive aqueous and organic liquids (solvent, oil, solvent/oil mixing ...) and sludge through a mechanical and chemical solidification process. For Cadarache LOR, N910 and N960 respectively dedicated to the organic and aqueous liquids solidification are considered. With the N910, the organic waste solidification occurs in two steps. As the organic liquid travels moves through the polymer strands, the strands swell and

  8. NOCHAR Polymers: An Aqueous and Organic Liquid Solidification Process for Cadarache LOR (Liquides Organiques Radioactifs) - 13195

    International Nuclear Information System (INIS)

    Vaudey, Claire-Emilie; Renou, Sebastien; Porco, Julien; Kelley, Dennis; Cochaud, Chantal; Serrano, Roger

    2013-01-01

    To handle the Very Low Level Waste (VLLW) and the Low Level Waste (LLW) in France, two options can be considered: the incineration at CENTRACO facility and the disposal facility on ANDRA sites. The waste acceptance in these radwaste routes is dependent upon the adequacy between the waste characteristics (physical chemistry and radiological) and the radwaste route specifications. If the waste characteristics are incompatible with the radwaste route specifications (presence of significant quantities of chlorine, fluorine, organic component etc or/and high activity limits), it is necessary to find an alternative solution that consists of a waste pre-treatment process. In the context of the problematic Cadarache LOR (Liquides Organiques Radioactifs) waste streams, two radioactive scintillation cocktails have to be treated. The first one is composed of organic liquids at 13.1 % (diphenyloxazol, mesitylene, TBP, xylene) and water at 86.9 %. The second one is composed of TBP at 8.6 % and water at 91.4 %. They contain chlorine, fluorine and sulphate and have got alpha/beta/gamma spectra with mass activities equal to some kBq.g -1 . Therefore, tritium is present and creates the second problematic waste stream. As a consequence, in order for disposal acceptance at the ANDRA site, it is necessary to pre-treat the waste. The NOCHAR polymers as an aqueous and organic liquid solidification process seem to be an adequate solution. Indeed, these polymers constitute an important variety of products applied to the treatment of radioactive aqueous and organic liquids (solvent, oil, solvent/oil mixing etc) and sludge through a mechanical and chemical solidification process. For Cadarache LOR, N910 and N960 respectively dedicated to the organic and aqueous liquids solidification are considered. With the N910, the organic waste solidification occurs in two steps. As the organic liquid travels moves through the polymer strands, the strands swell and immobilise the liquid. Then as the

  9. Stock Assessment Supplementary Information (SASINF)

    Data.gov (United States)

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

  10. Stock Issues in Aristotle's Rhetoric

    Science.gov (United States)

    Harpine, Bill

    1977-01-01

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

  11. Rainy Day Stocks

    DEFF Research Database (Denmark)

    Gormsen, Niels Joachim; Greenwood, Robin

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

  12. Optimizing Plutonium stock management

    International Nuclear Information System (INIS)

    Niquil, Y.; Guillot, J.

    1997-01-01

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

  13. Stock Market Savvy.

    Science.gov (United States)

    Okula, Susan

    2003-01-01

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

  14. Stock Selection, Style Rotation

    NARCIS (Netherlands)

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

    2002-01-01

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

  15. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

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

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

    OpenAIRE

    Indridewi Atmadjaja, Yovita Vivianty

    1999-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Jay Chok

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

  18. Radioactive wastes management: what is the situation?; Gestion des dechets radioactifs: ou en est-on?

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-07-01

    This presentation takes stock on the situation of the radioactive wastes management in France. It gives information on the deep underground disposal, the public information, the management of the radioactive wastes in France, the researches in the framework of the law of the 30 december 1991, the underground laboratory of Meuse/Haute-Marne, the national agency for the radioactive wastes management (ANDRA) and its sites. (A.L.B.)

  19. Outlook '98 - Stock markets

    International Nuclear Information System (INIS)

    Vankka, D.

    1998-01-01

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

  20. Applicability of ICRP principles for safety analysis of radioactive waste geological storage; Etude de l'applicabilite des principes de la CIPR a l'analyse de surete du stockage geologique des dechets radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Lombard, J; Hubert, P; Pages, P

    1987-07-01

    Since the beginning of the eighties, the international organisations have established new recommendations for radioactive waste management. These recommendations are based on two principles. First is concerned with limitation of risks. It should be shown that the risk is smaller than the limit of acceptance. Practically only on risk criterion is foreseen. The principle demands, if a storage causes an event of individual risk (defined as a product of probability of occurrence and the probability of its causing severe health effects) is higher than 10 {sup -5} per year, this storage is not acceptable. The second principle deals with optimisation, demands that the level of protection related to the storage should be determined by a comparative process choosing the best compromise between the price of protection and the residual risk. These recommendations, especially the second one, differ from the safety analysis principles adopted presently in France and other countries. This study analyzes the advantages and potential inconveniences related to the introduction of the second principle. (author) [French] Depuis le debut des annees quatre vingt, de nouvelles recommandations ont ete formulees par les organismes internationaux (AIEA, OCDE, OIPR) en matiere de gestion des dechets radioactifs. Ces recommandations s'articulent autour de deux principes. Le premier, est celui de limitation des risques. II s'agit de demontrer que le risque est inferieur a un seuil d'acceptabilite. En pratique, un seul critere de risque est envisage. Ainsi le principe stipule, que si un stockage est a I'origine d'evenements conduisant a un risque individuel (defini comme le produit de a probabilite d'occurrence de l'evenement par Ia probabilite que cet evenement cause un effet sanitaire grave) total annuel superieur a 10{sup -5}/an, alors le risque lie a ce stockage est juge inacceptable. Le second, dit d'optimisation, stipule que le niveau de protection associe a un stockage (donc les

  1. Synthesis of a polycyclic aromatic hydrocarbon marked with carbon-14: (b, d e f) dibenzo-chrysene {sup 14}C-7,14; Synthese d'un hydrocarbure aromatique polycyclique marque au carbone 14: le dibenzo (b, d e f) chrysene {sup 14}C-7,14

    Energy Technology Data Exchange (ETDEWEB)

    Chatelain, G [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1965-07-01

    (b, d e f) dibenzo-chrysene C-7,14 has been synthesized from radioactive carbon dioxide and the organic magnesium compound derived from 1,5 dibromo naphthalene. The product has been purified by a very precise series of fractionated chromatographs on alumina having a chromatographic activity. This has necessitated the development of a special technique. (author) [French] Le dibenzo (b, d e f) chrysene 14C-7,14 a ete synthetise au depart de gaz carbonique radioactif et de bis-organomagnesien derive du dibromo-1,5 naphtalene. Le produit a ete purifie par une serie de chromatographies fractionnees sur alumine d'activite chromatographique tres precise. Ceci a fait l'objet d'une mise au point de technique. (auteur)

  2. A new class of medicament: radioactivity isotopes (1962); Une nouvelle classe de medicaments: les isotopes radioactifs (1962)

    Energy Technology Data Exchange (ETDEWEB)

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

    1962-07-01

    Very many radioelement are used in medicine, either for diagnosis or as therapeutics. The development of medicine has entailed an increase in the number of application of radioactive isotopes. Firstly used in the form of simple inorganic molecules for diagnosis or as anticancer therapeutics, radioelements are now used for labelling organic molecules, allowing functional specific studies of any kind of nature. Their production is made difficult by their radio-active properties. Their pharmaceutical properties, determined by tests and controls, depend either from radiochemistry and from medicine. The author reminds, in this report, the methods for the preparation and analysis, and set out the medical application. (author) [French] De tres nombreux radioelements trouvent une application en medecine humaine, soit dans le diagnostic, soit en therapeutique. L'evolution de la medecine entraine un accroissement du champ d'application des isotopes radioactifs. D'abord utilises sous forme de molecules minerales simples, pour les diagnostics ou des therapeutiques anticancereuses, les radioelements sont maintenant introduits dans des molecules organiques qui permettent des etudes fonctionnelles specifiques de toute nature. Leur fabrication est compliquee par leurs proprietes radioactives. Leurs caracteristiques pharmaceutiques determinees par des essais et controles, sont liees d'une part a la radiochimie, d'autre part a la medecine. L'auteur rappelle, dans cet expose, les methodes de preparation et d'analyse et aborde les applications medicales. (auteur)

  3. A new class of medicament: radioactivity isotopes (1962); Une nouvelle classe de medicaments: les isotopes radioactifs (1962)

    Energy Technology Data Exchange (ETDEWEB)

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

    1962-07-01

    Very many radioelement are used in medicine, either for diagnosis or as therapeutics. The development of medicine has entailed an increase in the number of application of radioactive isotopes. Firstly used in the form of simple inorganic molecules for diagnosis or as anticancer therapeutics, radioelements are now used for labelling organic molecules, allowing functional specific studies of any kind of nature. Their production is made difficult by their radio-active properties. Their pharmaceutical properties, determined by tests and controls, depend either from radiochemistry and from medicine. The author reminds, in this report, the methods for the preparation and analysis, and set out the medical application. (author) [French] De tres nombreux radioelements trouvent une application en medecine humaine, soit dans le diagnostic, soit en therapeutique. L'evolution de la medecine entraine un accroissement du champ d'application des isotopes radioactifs. D'abord utilises sous forme de molecules minerales simples, pour les diagnostics ou des therapeutiques anticancereuses, les radioelements sont maintenant introduits dans des molecules organiques qui permettent des etudes fonctionnelles specifiques de toute nature. Leur fabrication est compliquee par leurs proprietes radioactives. Leurs caracteristiques pharmaceutiques determinees par des essais et controles, sont liees d'une part a la radiochimie, d'autre part a la medecine. L'auteur rappelle, dans cet expose, les methodes de preparation et d'analyse et aborde les applications medicales. (auteur)

  4. Company Stock in Pension Funds

    OpenAIRE

    Even, William E.; Macpherson, David

    2004-01-01

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

  5. 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...

  6. Safety guidebook relative to the disposal of radioactive wastes in deep geologic formation; Guide de surete relatif au stockage definitif des dechets radioactifs en formation geologique profonde

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The French nuclear safety authority (ASN) initiated in 2003 a revision process of the objectives to be considered during the research and work steps of the implementation of a radioactive waste storage facility in deep geologic formations. The purpose of this document is to define the safety objectives that have to be retained at each step of this implementation, from the site characterization to the closure of the facility. This update takes into account the works carried out by the ANDRA (French national agency of radioactive wastes) in the framework of the law from December 30, 1991, and the advices of the permanent experts group about these works. It takes also into consideration the international research works in this domain and the choices defined in the program law no 2006-739 from June 28, 2006 relative to the sustainable management of radioactive materials and wastes. The main modifications concern: the notion of reversibility, the definition of the safety functions of disposal components, the safety goals and the design principles assigned to waste packages, the control of nuclear materials and the monitoring objectives of the facility. The documents treats of the following points: 1 - the objectives of public health and environment protection; 2 - the safety principles and the safety-related design bases of the facility; and 3 - the method used for demonstrating the disposal safety. (J.S.)

  7. Ion exchange in ultramarine blue. Studies using radioactive tracers (1963); Echanges d'ion dans le bleu d'outremer, etudies au moyen des traceurs radioactifs (1963)

    Energy Technology Data Exchange (ETDEWEB)

    Goenvec, H [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1963-05-15

    A study has been made of the exchange reaction between the constituent sodium in ultramarine blue, and silver in the form of a silver nitrate solution; an attempt hat been made to define the influence of the solvent of the silver nitrate on the kinetics of the exchange reaction. Five solvents have been used: water, methanol, ethanol, n-propanol and acetone. The reaction rates are controlled by a diffusion process inside the ultramarine grains, whatever the solvent used. It seems that the solvated ionic radius of the diffusing ion is one of the factors influencing the rate of reaction. Furthermore, the solvated ionic radius varies with temperature; this variation is different for each solvent and should explain the differences observed in the activation energies. (author) [French] Nous avons etudie la reaction d'echange entre le sodium de constitution du bleu d'outremer et l'argent sous forme de nitrate d'argent en solution; nous avons essaye de definir l'influence du solvant du nitrate d'argent sur la cinetique de la reaction d'echange. Nous avons utilise cinq solvant: l'eau, le methanol, l'ethanol, le n-propanol et l'acetone. Les vitesses de reaction sont controlees par un processus de diffusion a l'interieur des grains d'outremer quel que soit le solvant. Il semble que le rayon ionique solvate de l'ion diffusant est l'un des facteurs qui influencent la vitesse de reaction. D'autre part, le rayon ionique solvate varie avec la temperature, cette variation est differente pour chaque solvant et doit pouvoir expliquer les differences d'energie d'activation constatees. (auteur)

  8. Health problems raised by the elimination of radioactive wastes and nuclear accidents; Problemes sanitaires poses par l'elimination des dechets radioactifs et par les accidents nucleaires

    Energy Technology Data Exchange (ETDEWEB)

    Jammet, H.; Mechali, D.; Dousset, M. [Commissariat a l' Energie Atomique, Fontenay-aux-Roses (France). Centre d' Etudes Nucleaires

    1964-07-01

    residus radioactifs produits par les installations nucleaires. L'evaluation du risque encouru par les populations et la fixation des limites admissibles pour les rejets ne peuvent resulter que d'une connaissance exacte du cheminement des radioelements rejetes, depuis leur source d'emission jusqu'a l'homme. L'incorporation des radioelements dans les chaines alimentaires constitue le premier risque a prendre en consideration. Les facteurs de passage doivent etre envisages, dans toutes les etapes de cette transmission, qu'elles interessent les milieux physiques ou les milieux proprement biologiques, du fait de leur continuite et de leur interdependance. Enfin, les donnees de caractere socio-economique et dietetique doivent etre recueillies pour conduire a une evaluation des risques et des niveaux admissibles reposant non sur des donnees theoriques mais sur des bases concretes et experimentales. Le risque d'accidents nucleaires dans l'industrie atomique, bien que de probabilite tres reduite, doit etre pris en consideration du fait de la gravite de leurs consequences. Les problemes sanitaires se posent d'une part dans le domaine de l'hygiene professionnelle, d'autre part dans celui de l'hygiene publique. Le premier domaine implique un risque double: d'irradiation et de contamination. Le domaine public n'est soumis essentiellement qu'au risque de contamination par les substances radioactives liberees accidentellement dans le milieu. Les etudes sanitaires a mener dans ce domaine comprennent, de ce fait, les recherches sur la therapeutique des irradiations ou des contaminations mais aussi celles relatives au transfert des radioelements depuis l'installation accidentee jusqu'a l'homme, principalement a travers les chaines alimentaires, dans leurs composantes physiques comme dans leurs composantes biologiques. De telles etudes sont a la base des decisions d'ordre sanitaire qu

  9. Estimating uncertainty of data limited stock assessments

    DEFF Research Database (Denmark)

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

    2017-01-01

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

  10. Catalytic activity of Au nanoparticles

    DEFF Research Database (Denmark)

    Larsen, Britt Hvolbæk; Janssens, Ton V.W.; Clausen, Bjerne

    2007-01-01

    Au is usually viewed as an inert metal, but surprisingly it has been found that Au nanoparticles less than 3–5 nm in diameter are catalytically active for several chemical reactions. We discuss the origin of this effect, focusing on the way in which the chemical activity of Au may change with par......Au is usually viewed as an inert metal, but surprisingly it has been found that Au nanoparticles less than 3–5 nm in diameter are catalytically active for several chemical reactions. We discuss the origin of this effect, focusing on the way in which the chemical activity of Au may change...... with particle size. We find that the fraction of low-coordinated Au atoms scales approximately with the catalytic activity, suggesting that atoms on the corners and edges of Au nanoparticles are the active sites. This effect is explained using density functional calculations....

  11. Magnetic susceptibilities of liquid Cr-Au, Mn-Au and Fe-Au alloys

    Energy Technology Data Exchange (ETDEWEB)

    Ohno, S.; Shimakura, H. [Niigata University of Pharmacy and Applied Life Sciences, Higashijima, Akiha-ku, Niigata 956-8603 (Japan); Tahara, S. [Faculty of Science, University of the Ryukyus, Nishihara-cho, Okinawa 903-0213 (Japan); Okada, T. [Niigata College of Technology, Kamishin’eicho, Nishi-ku, Niigata 950-2076 (Japan)

    2015-08-17

    The magnetic susceptibility of liquid Cr-Au, Mn-Au, Fe-Au and Cu-Au alloys was investigated as a function of temperature and composition. Liquid Cr{sub 1-c}Au{sub c} with 0.5 ≤ c and Mn{sub 1-c}Au{sub c} with 0.3≤c obeyed the Curie-Weiss law with regard to their dependence of χ on temperature. The magnetic susceptibilities of liquid Fe-Au alloys also exhibited Curie-Weiss behavior with a reasonable value for the effective number of Bohr magneton. On the Au-rich side, the composition dependence of χ for liquid TM-Au (TM=Cr, Mn, Fe) alloys increased rapidly with increasing TM content, respectively. Additionally, the composition dependences of χ for liquid Cr-Au, Mn-Au, and Fe-Au alloys had maxima at compositions of 50 at% Cr, 70 at% Mn, and 85 at% Fe, respectively. We compared the composition dependences of χ{sub 3d} due to 3d electrons for liquid binary TM-M (M=Au, Al, Si, Sb), and investigated the relationship between χ{sub 3d} and E{sub F} in liquid binary TM-M alloys at a composition of 50 at% TM.

  12. Determination of the concentration of {alpha} emitting radioactive aerosols; Mesure de la concentration des aerosols radioactifs emetteurs {alpha}

    Energy Technology Data Exchange (ETDEWEB)

    Labeyrie, J [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1953-06-15

    In the first part of this work the techniques used for the quantitative measurement of the concentrations of aerosols carrying short lived (radon or thoron daughters) or long lived (uranium) {alpha} radioactive emitters are described. In the second part the author investigates the problem of the determination of radon concentration in air by means of activity determinations on airborne dusts. Special reference is made to the measurement of the radon active deposit on two types of dusts (iron oxide (yellow) and uranium oxide) in small chambers (6 liters). In the third part are given data resulting from determinations of radon and thoron concentrations in atmospheric air in the south of Paris area using this method. (author) [French] Dans la premiere partie de ce travail on expose les techniques utilisees pour la mesure quantitative des concentrations d'aerosols contenant des emetteurs radioactifs {alpha}, tant pour ceux a vie courte (derives du radon ou du thoron) que pour ceux a vie longue (uranium). Dans la seconde partie on traite le probleme de la determination de la concentration de l'air en radon par la mesure de l'activite des poussieres ayant sejourne dans cet air. En particulier, on indique pour de petits volumes (6 litres) la proportion de depot actif du radon qui est fixee sur deux types de poussieres (limonite et oxyde d'uranium) en fonction de la concentration de celles-ci. Dans la troisieme partie on donne quelques exemples de mesure par cette methode de la concentration en radon et en thoron de l'atmosphere de la region parisienne. (auteur)

  13. Analysis of Economic Factors Affecting Stock Market

    OpenAIRE

    Xie, Linyin

    2010-01-01

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

  14. Essays on Stock Issuance

    DEFF Research Database (Denmark)

    Kohl, Niklas

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

  15. The Body Stocking

    DEFF Research Database (Denmark)

    Petersen, Louise Ravnløkke Munk; Bang, Anne Louise

    2016-01-01

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

  16. Online stock trading platform

    Directory of Open Access Journals (Sweden)

    Ion LUNGU

    2006-01-01

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

  17. Comparison of methods for measuring the ion exchange capacity of a soil. Development of a quick method; Comparaison des methodes de mesure de la capacite d'echange d'ions d'un sol. Mise au point d'une methode rapide

    Energy Technology Data Exchange (ETDEWEB)

    Amavis, R [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1959-07-01

    In the course of a study on the movement of radioactive ions in soil we had to measure the cationic exchange capacity of various soil samples, this parameter being one of the most important in the appreciation of the extent of fixation of radioactive ions in the ground. The object of this report is to describe the various methods used and to compare the results obtained. A colorimetric method, using Co(NH{sub 3}){sub 6}{sup 3+} as exchangeable ion, was developed. It gives results comparable to those obtained with conventional methods, whilst considerably reducing the time necessary for the operations. (author) [French] A l'occasion de l'etude du mouvement des ions radio-actifs dans un sol, nous avons ete amenes a mesurer la capacite d'echange cationique de differents echantillons de sols; ce parametre etant un des plus importants pour apprecier la valeur de la fixation des ions radioactifs dans un terrain. L'objet de ce rapport est d'exposer les diverses methodes utilisees et de comparer les resultats obtenus. Une methode calorimetrique, utilisant Co(NH{sub 3}){sub 6}{sup 3+} comme ion echangeable, a ete mise au point: elle donne des resultats comparables a ceux obtenus avec les methodes habituelles et permet de reduire considerablement la duree des manipulations. (auteur)

  18. Distribution characteristics of stock market liquidity

    Science.gov (United States)

    Luo, Jiawen; Chen, Langnan; Liu, Hao

    2013-12-01

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

  19. Le CRDI au Ghana

    International Development Research Centre (IDRC) Digital Library (Canada)

    pour prévenir le paludisme, des études ayant démontré que leur utilisation pouvait réduire considérablement la mortalité infantile. Les chercheurs ont également suggéré aux gouvernements différents moyens pour inciter les gens à acheter les moustiquaires et à les utiliser correctement. Les TI au service de la démocratie.

  20. Mise au point

    African Journals Online (AJOL)

    et traité à temps, le risque de complications et de morbidité peut être écarté. Les auteurs rapportent 2 cas de kystes de la vallécule. La tomodensitométrie a confirmé la présence d'une formation kystique prenant origine au niveau de la val- lécule. Une laryngoscopie directe a été faite pour les 2 patients sous anesthésie ...

  1. Parallel Prediction of Stock Volatility

    Directory of Open Access Journals (Sweden)

    Priscilla Jenq

    2017-10-01

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

  2. Do More Economists Hold Stocks?

    DEFF Research Database (Denmark)

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

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

  3. Digitization and valorization through the INIS database of an exceptional stock of grey literature documents: the 'historical' CEA reports (1948-1969); Numerisation et valorisation au travers de la base INIS d'un fonds documentaires exceptionnel de litterature grise: les rapports 'historiques' du CEA (1948-1969)

    Energy Technology Data Exchange (ETDEWEB)

    Surmont, J.; Brulet, C.; Brulet, M.; Pourny, M.; Constant, A.; Guille, N.; Le Blanc, A.; Mouffron, O.; Anguise, P.; Jouve, J.J

    2008-07-01

    This poster, prepared for the sixth edition of the meetings of scientific and technical information professionals (RPIST, Nancy (France)), presents the joint CEA/IAEA project of digitization of the collection of reports published by the French atomic energy commission (CEA) between 1948 and 1969. This exceptional stock of about 2760 grey literature monographs covers the first 20 years of researches carried out at the CEA and has been entered in the INIS database with a link to the full text. The poster describes the different steps of the project from the selection of the documents, their digitization, and the preparation of the corresponding inputs. The INIS database and its general content are briefly presented. (J.S.)

  4. ---Stock Market Devpt in Ethiopia

    African Journals Online (AJOL)

    Jetu_E_Ch

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

  5. Based on BP Neural Network Stock Prediction

    Science.gov (United States)

    Liu, Xiangwei; Ma, Xin

    2012-01-01

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

  6. Mise au point

    African Journals Online (AJOL)

    tomie est replacé et fixé par des fils d'acier, krönlein lais- sait ce fragment pédiculé au fascia temporalis afin d'évi- ter la dépression de la fosse temporale due à la désinser- tion du muscle temporal [20] ; dans notre série, après reconstitution du cadre, le muscle temporal est suturé à son point d'insertion. pour les tumeurs ...

  7. Antibacterial Au nanostructured surfaces

    Science.gov (United States)

    Wu, Songmei; Zuber, Flavia; Brugger, Juergen; Maniura-Weber, Katharina; Ren, Qun

    2016-01-01

    We present here a technological platform for engineering Au nanotopographies by templated electrodeposition on antibacterial surfaces. Three different types of nanostructures were fabricated: nanopillars, nanorings and nanonuggets. The nanopillars are the basic structures and are 50 nm in diameter and 100 nm in height. Particular arrangement of the nanopillars in various geometries formed nanorings and nanonuggets. Flat surfaces, rough substrate surfaces, and various nanostructured surfaces were compared for their abilities to attach and kill bacterial cells. Methicillin-resistant Staphylococcus aureus, a Gram-positive bacterial strain responsible for many infections in health care system, was used as the model bacterial strain. It was found that all the Au nanostructures, regardless their shapes, exhibited similar excellent antibacterial properties. A comparison of live cells attached to nanotopographic surfaces showed that the number of live S. aureus cells was flat and rough reference surfaces. Our micro/nanofabrication process is a scalable approach based on cost-efficient self-organization and provides potential for further developing functional surfaces to study the behavior of microbes on nanoscale topographies.We present here a technological platform for engineering Au nanotopographies by templated electrodeposition on antibacterial surfaces. Three different types of nanostructures were fabricated: nanopillars, nanorings and nanonuggets. The nanopillars are the basic structures and are 50 nm in diameter and 100 nm in height. Particular arrangement of the nanopillars in various geometries formed nanorings and nanonuggets. Flat surfaces, rough substrate surfaces, and various nanostructured surfaces were compared for their abilities to attach and kill bacterial cells. Methicillin-resistant Staphylococcus aureus, a Gram-positive bacterial strain responsible for many infections in health care system, was used as the model bacterial strain. It was found that all

  8. Au pairs on Facebook

    DEFF Research Database (Denmark)

    Dalgas, Karina Märcher

    2016-01-01

    Ethnographers are increasingly making use of Facebook to acquire access and general acquaintance with their field of study. However, little has been written on how Facebook is used methodologically in research that does not have social media sites as the main focus of interest. This article argues...... the au pairs resist and embrace such dominant representations, and on how such representations are ascribed different meanings in the transnational social fields of which the migrant are a part. The article is based on ethnographic fieldwork conducted between 2010 and 2014 in Denmark, the Philippines...

  9. Persistent collective trend in stock markets

    Science.gov (United States)

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

    2010-12-01

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

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

    Directory of Open Access Journals (Sweden)

    Irshad Hira

    2017-08-01

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

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

    OpenAIRE

    Irshad Hira

    2017-01-01

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

  12. Territory of Upper Volta. Interest and Programme of Prospecting for Radioactive Metals; Territoire de la Haute-Volta. Interet et Programme d'une Prospection pour Metaux Radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1958-04-15

    The costs of a programme for prospecting for radioactive metals (esp. Uranium) can amount to a total cost of the order of 600 to 700 millions FF over 10 years. Such a programme represents a rather high risk, because in order to succeed, a reserve capable to pay for the programme must be found in the foreseen period. The first part of the report describes the Uranium reserves already known in Africa. [French] Un programme de prospection pour metaux radioactifs (notamment l'Uranium) pourrait etaler des depenses totales de l'ordre de 600 a 700 millions FF sur 10 ans. Un tel programme represente un risque assez grand, puisque pour reussir, il faut trouver dans le delai envisage, et avec les moyens prevus, un gisement capable d'amortir une telle depense. Une premiere partie du rapport expose les caracteres des gisments d'Uranium actuellement connus en Afrique.

  13. Beach sediments drift study by means of radioactive tracers; L'etude du transport littoral par la methode des traceurs radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Hours, R [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires; Jaffry, P [Electricite de France (EDF), 78 - Chatou (France). Lab. National d' Hydraulique

    1959-07-01

    The present state of the sediments drift studies by means of radioactive tracers is exposed. Various processes of labelling, immersion and detection, used in France and other countries, are reviewed. A more extended analysis of some aspects of the problem by the same authors can be found in 'La Houille Blanche', number 3, may-june 1959 (Rapport C.E.A. number 1269). (author) [French] L'etude du transport littoral des sediments et galets par la methode des traceurs radioactifs est en plein developpement. Le present rapport precise l'etat actuel de la question. Les techniques de marquage, d'immersion et de detection utilisees en France et a l'etranger sont decrites; une analyse plus detaillee de certains aspects de la question est presentee par les memes auteurs dans 'La Houille Blanche', numero 3, mai-juin 1959 (Rapport C.E.A. numero 1269). (auteur)

  14. Antibacterial Au nanostructured surfaces.

    Science.gov (United States)

    Wu, Songmei; Zuber, Flavia; Brugger, Juergen; Maniura-Weber, Katharina; Ren, Qun

    2016-02-07

    We present here a technological platform for engineering Au nanotopographies by templated electrodeposition on antibacterial surfaces. Three different types of nanostructures were fabricated: nanopillars, nanorings and nanonuggets. The nanopillars are the basic structures and are 50 nm in diameter and 100 nm in height. Particular arrangement of the nanopillars in various geometries formed nanorings and nanonuggets. Flat surfaces, rough substrate surfaces, and various nanostructured surfaces were compared for their abilities to attach and kill bacterial cells. Methicillin-resistant Staphylococcus aureus, a Gram-positive bacterial strain responsible for many infections in health care system, was used as the model bacterial strain. It was found that all the Au nanostructures, regardless their shapes, exhibited similar excellent antibacterial properties. A comparison of live cells attached to nanotopographic surfaces showed that the number of live S. aureus cells was flat and rough reference surfaces. Our micro/nanofabrication process is a scalable approach based on cost-efficient self-organization and provides potential for further developing functional surfaces to study the behavior of microbes on nanoscale topographies.

  15. Cluster-to-cluster transformation among Au6, Au8 and Au11 nanoclusters.

    Science.gov (United States)

    Ren, Xiuqing; Fu, Junhong; Lin, Xinzhang; Fu, Xuemei; Yan, Jinghui; Wu, Ren'an; Liu, Chao; Huang, Jiahui

    2018-05-22

    We present the cluster-to-cluster transformations among three gold nanoclusters, [Au6(dppp)4]2+ (Au6), [Au8(dppp)4Cl2]2+ (Au8) and [Au11(dppp)5]3+ (Au11). The conversion process follows a rule that states that the transformation of a small cluster to a large cluster is achieved through an oxidation process with an oxidizing agent (H2O2) or with heating, while the conversion of a large cluster to a small one occurs through a reduction process with a reducing agent (NaBH4). All the reactions were monitored using UV-Vis spectroscopy and ESI-MS. This work may provide an alternative approach to the synthesis of novel gold nanoclusters and a further understanding of the structural transformation relationship of gold nanoclusters.

  16. Charged particle density distributions in Au + Au collisions at ...

    Indian Academy of Sciences (India)

    Charged particle pseudorapidity distributions have been measured in Au + Au collisions using the BRAHMS detector at RHIC. The results are presented as a function of the collision centrality and the center of mass energy. They are compared to the predictions of different parton scattering models and the important role of ...

  17. GENERAL METHOD OF STOCKS AUDIT

    Directory of Open Access Journals (Sweden)

    Iryna Galushchak

    2017-03-01

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

  18. 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

  19. Do Earthquakes Shake Stock Markets?

    Science.gov (United States)

    Ferreira, Susana; Karali, Berna

    2015-01-01

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

  20. Stock price prediction using geometric Brownian motion

    Science.gov (United States)

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

    2018-03-01

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

  1. Multifragmentation in Au + Au collisions studied with AMD-V

    Energy Technology Data Exchange (ETDEWEB)

    Ono, Akira [Tohoku Univ., Sendai (Japan). Faculty of Science

    1998-07-01

    AMD-V is an optimum model for calculation of multifragmentation in Au + Au collisions. AMD-V consider anti-symmetry of incident nucleus, target nucleus and fragments, furthermore, it treat the quantum effect to exist many channels in the intermediate and final state. 150 and 250 MeV/nucleon incident energy were used in the experiments. The data of multifragment atom in {sup 197}Au + {sup 197}Au collisions was reproduced by AMD-V calculation using Gognny force, corresponding to the imcompressibility of nuclear substance K = 228 MeV and its mean field depend on momentum. When other interaction (SKG 2 force, corresponding to K = 373 KeV) was used an mean field does not depend on momentum, the calculation results could not reproduce the experimental values, because nucleus and deuteron were estimated too large and {alpha}-particle and intermediate fragments estimated too small. (S.Y.)

  2. Pharmacological study of radioactive-gold colloid transport by blood and by serous exudate; Contribution a l'etude pharmacologique du transport des colloides d'or radioactif par le sang et les exsudats sereux

    Energy Technology Data Exchange (ETDEWEB)

    Rousselet, J. [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1966-06-01

    substances et particulierement dans le transport de l'or colloidal radioactif. Les fractions sanguines qui peuvent participer au transport de l'or colloidal sont les hematies, les leucocytes et elements histiocytaires, et le plasma. La repartition de la radioactivite dans ces elements est precisee en pratiquant des autoradiographies de coupes de culots de sang centrifuge et congele apres incubation avec de l'or colloidal. Cette etude montre l'importance du plasma dans le transport des particules radioactives. Nous avons alors recherche une fixation eventuelle de l'or colloidal 198 sur les diverses proteines seriques en appliquant certaines methodes de separation a savoir une filtration-exclusion sur colonne de gel de Sephadex G-200 et un fractionnement electrophoretique sur papier et sur acetate de cellulose gelatineux (cellogel). Nous avons etudie la liaison ''in vitro'' et ''in vivo'' des particules colloidales d'or 198 d'abord avec les proteines seriques de sujets sains puis avec les proteines des liquides d'epanchement d'origine pathologique, chez l'homme, ou du a une inflammation experimentale a la carragenine chez le rat. Les particules d'or colloidal 198 de 30 m{mu} (S-2) sont liees dans une certaine mesure aux {alpha}2 globulines sanguines ou ascitiques, celles de 5 m{mu} (S-6) sont liees aux {alpha}1 globulines de meme que les grains contenus dans l'or polydisperse. Cette liaison semble intervenir grace a la couche protectrice de macromolecules constituees par la gelatine. Seules les caracteristiques physicochimiques de grains colloidaux peuvent expliquer leur difference de localisation sur l'electrophoregramme. L'or sous forme ionique, par contre, est combine, aux seules albumines si la quantite de metal presente ne depasse pas une certaine limite. (auteur)

  3. Pharmacological study of radioactive-gold colloid transport by blood and by serous exudate; Contribution a l'etude pharmacologique du transport des colloides d'or radioactif par le sang et les exsudats sereux

    Energy Technology Data Exchange (ETDEWEB)

    Rousselet, J [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1966-06-01

    transport de l'or colloidal radioactif. Les fractions sanguines qui peuvent participer au transport de l'or colloidal sont les hematies, les leucocytes et elements histiocytaires, et le plasma. La repartition de la radioactivite dans ces elements est precisee en pratiquant des autoradiographies de coupes de culots de sang centrifuge et congele apres incubation avec de l'or colloidal. Cette etude montre l'importance du plasma dans le transport des particules radioactives. Nous avons alors recherche une fixation eventuelle de l'or colloidal 198 sur les diverses proteines seriques en appliquant certaines methodes de separation a savoir une filtration-exclusion sur colonne de gel de Sephadex G-200 et un fractionnement electrophoretique sur papier et sur acetate de cellulose gelatineux (cellogel). Nous avons etudie la liaison ''in vitro'' et ''in vivo'' des particules colloidales d'or 198 d'abord avec les proteines seriques de sujets sains puis avec les proteines des liquides d'epanchement d'origine pathologique, chez l'homme, ou du a une inflammation experimentale a la carragenine chez le rat. Les particules d'or colloidal 198 de 30 m{mu} (S-2) sont liees dans une certaine mesure aux {alpha}2 globulines sanguines ou ascitiques, celles de 5 m{mu} (S-6) sont liees aux {alpha}1 globulines de meme que les grains contenus dans l'or polydisperse. Cette liaison semble intervenir grace a la couche protectrice de macromolecules constituees par la gelatine. Seules les caracteristiques physicochimiques de grains colloidaux peuvent expliquer leur difference de localisation sur l'electrophoregramme. L'or sous forme ionique, par contre, est combine, aux seules albumines si la quantite de metal presente ne depasse pas une certaine limite. (auteur)

  4. Transverse expansion in 197 Au + 197 Au collisions at RHIC

    International Nuclear Information System (INIS)

    Cheng, Y.; Liu, F.; Liu, K.; Schweda, K.; Xu, N.

    2003-01-01

    Using the RQMD model, transverse momentum distributions and particle ratios are studied for 197 Au + 197 Au collisions at √s NN = 200 GeV. In particular, they present results on the mean transverse momentum of charged pions, charged kaons, protons and anti-protons and compare with experimental measurements. They discuss an approach to study early partonic collectivity in high energy nuclear collisions

  5. Stock Market Expectations of Dutch Households.

    Science.gov (United States)

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

    2011-04-01

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

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

    African Journals Online (AJOL)

    Helet Lambrechts

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

  7. Magnetic properties of a Cr trimer on Au(1 1 1) surface

    International Nuclear Information System (INIS)

    Antal, A.; Udvardi, L.; Ujfalussy, B.; Lazarovits, B.; Szunyogh, L.; Weinberger, P.

    2007-01-01

    A Cr trimer on Au(1 1 1) surface has been studied by means of a relativistic Green's function embedding technique [B. Ujfalussy, B. Lazarovits, L. Szunyogh, G.M. Stocks, P. Weinberger, Phys. Rev. B 70 (2004) 100404(R)]. In terms of the magnetic force theorem we fit parameters of an extended Heisenberg model. We then solve the Landau-Lifshitz-Gilbert equations in order to find the ground-state and to study the spin-dynamical properties of the cluster

  8. Oil risk in oil stocks

    NARCIS (Netherlands)

    Scholtens, Bert; Wang, L

    2008-01-01

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

  9. Behavioral heterogeneity in stock prices

    NARCIS (Netherlands)

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

    2007-01-01

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

  10. Solow Residuals Without Capital Stocks

    DEFF Research Database (Denmark)

    Burda, Michael C.; Severgnini, Battista

    2014-01-01

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

  11. Dispositional optimism and stock investments

    NARCIS (Netherlands)

    Angelini, Viola; Cavapozzi, D.

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

  12. Stock option repricing in Europe

    NARCIS (Netherlands)

    Sauer, M.; Sautner, Z.

    2008-01-01

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

  13. Face au risque

    CERN Document Server

    Grosse, Christian; November, Valérie

    2007-01-01

    Ce volume collectif sur le risque inaugure la collection L'ÉQUINOXE. Ancré dans l'histoire pour mesurer les continuités et les ruptures, il illustre la manière dont les sciences humaines évaluent et mesurent les enjeux collectifs du risque sur les plans politiques, scientifiques, énergétiques, juridiques et éthiques. Puisse-t-il nourrir la réflexion sur la culture et la prévention du risque. Ses formes épidémiques, écologiques, sociales, terroristes et militaires nourrissent les peurs actuelles, structurent les projets sécuritaires et constituent - sans doute - les défis majeurs à notre modernité. Dans la foulée de la richesse scientifique d'Equinoxe, L'ÉQUINOXE hérite de son esprit en prenant à son tour le pari de contribuer - non sans risque - à enrichir en Suisse romande et ailleurs le champ éditorial des sciences humaines dont notre société a besoin pour forger ses repères. Après Face au risque suivra cet automne Du sens des Lumières. (MICHEL PORRET Professeur Ordinaire à la F...

  14. Sorption Regularities in Behaviour of Fission-Product Elements during Filtration of their Solutions through Ground; Lois de l'Absorption des Elements Radioactifs Lors du Filtrage des Solutions a Travers les Terrains; 0417 0410 041a 041e 041d 0414 ; Leyes de la Absorcion de los Elementos Radiactivos Cuando se Filtran Soluciones a Traves de las Formaciones Geologicas

    Energy Technology Data Exchange (ETDEWEB)

    Spitsyn, V. I.; Balukova, V. D.; Gromov, V. V.; Zakharov, S. I.; Zhagin, B. P.; Spiridonov, F. M.

    1960-07-01

    la nature. Des que la filtration est devenue constante, on a commence a ajouter a la solution des elements radioactifs ; le processus a dure quatre mois. Des forages consecutifs ont permis de recueillir, a des profondeurs differentes, des echantillons du sol qui ont ete analyses en vue de determiner leur teneur en radioelements. Il a ete constate que la diffusion des isotopes radioactifs atteignait une profondeur d'au moins dix metres, et qu'il existait deux zones nettement determinees ou la radioactivite du sol etait plus faible : l'une a la surface du terrain et l'autre au fond atteint par la solution filtree. On a procede en outre a une etude separee de l'absorption du radio-strontium par des absorbants naturels, principalement par les mineraux purs largement repandus dans les diverses terrains. La presence de certaines quantites, meme petites, d'ions de calcium reduit sensiblement le taux d'absorption du radiostrontium. Cependant, en raison de leur composition - toutes les autres conditions etant egales - certaines substances peuvent absorber le strontium en quantites plus elevees que le calcium. La verification sur place de l'absorption et de la migration du radiostrontium a montre que la filtration des solutions radioactives peut se presenter sous deux formes differentes. Elle prend la premiere lorsque les solutions sont deversees dans des terrains sans a l'action du flux d'eau. Le radiostrontium est alors retenu par les terrains. La deuxieme se presente quand les elements radioactifs penetrent directement dans les couches aquiferes. Dans ce cas le radiostrontium est entraine par les courants souterrains et penetre egalement dans les terrains ou sa migration s'accompagne du processus d'absorption et de desorption. (author) [Spanish] Provocando un proceso de filtracion se ha podido estudiar la absorcion de los elementos radiactivos en la naturaleza. En cuanto se inicio la filtracion se anadieron elementos radicativos a la solucion; el proceso se prolongo durante

  15. Validating Virtual Safety Stock Effectiveness through Simulation

    Directory of Open Access Journals (Sweden)

    Maria Elena Nenni

    2013-08-01

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

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

    NARCIS (Netherlands)

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

    2010-01-01

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

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

    NARCIS (Netherlands)

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

    2010-01-01

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

  18. Students Invest in the Stock Market

    Science.gov (United States)

    Parker, George O.

    1977-01-01

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

  19. Stochastic GARCH dynamics describing correlations between stocks

    Science.gov (United States)

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

    2014-09-01

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

  20. Maintenance Appointments in Railway Rolling Stock Rescheduling

    NARCIS (Netherlands)

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

    2016-01-01

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

  1. On the Design of Artificial Stock Markets

    NARCIS (Netherlands)

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

    2005-01-01

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

  2. Are Stock and Corporate Bond Markets Integrated?

    NARCIS (Netherlands)

    van Zundert, J.; Driessen, Joost

    2017-01-01

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

  3. Stock market dynamics created by interacting agents

    Directory of Open Access Journals (Sweden)

    Mohamed Riad Remita

    2006-01-01

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

  4. Analysis of Naval Ammunition Stock Positioning

    Science.gov (United States)

    2015-12-01

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

  5. 12 CFR 725.5 - Capital stock.

    Science.gov (United States)

    2010-01-01

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

  6. Stocking chart for upland central hardwoods

    Science.gov (United States)

    Martin E. Dale; Donald E. Hilt

    1989-01-01

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

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

    Institute of Scientific and Technical Information of China (English)

    王钊

    2014-01-01

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

  8. The magmatic model for the origin of Archean Au-quartz vein ore systems: an assessment of the evidence

    International Nuclear Information System (INIS)

    Spooner, E.T.C.

    1991-01-01

    The magmatic model for the origin of Archean Au-quartz vein ore systems suggests that Au was derived by partition between silicate (± sulphide) melts of certain compositions and H 2 O-CO 2 -NaCl magmatic fluids. Supporting evidence includes partial/structural geological relationships, timing relationships, H and C isotope geochemistry, probable primary Au enrichment in the Lamaque stocks, and fluid inclusion volatile geochemistry. Evidence is currently negative with respect to various within- and sub-greenstone belt metamorphic/deep crustal fluid models for primary Au mineralization; however a U-Pb age for vein stage 3 sphene from the Camflo deposit, Quebec which is ∼ 55-60 Ma younger than the host stock at 2685-2680 Ma indicates dissolution/reprecipitation of Au by late, (?) upper crustal saline fluids. Evidence is accumulating that epithermal-meso thermal Au-Ag mineralization in island arc and cordilleran settings may also have been magmatically derived ± high level fluid mixing from calc-alkaline, shoshonitic and other igneous compositions. (author)

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

    Czech Academy of Sciences Publication Activity Database

    Baxa, Jaromír

    2007-01-01

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

  10. Stock Market Manipulation on the Hong Kong Stock Exchange

    Directory of Open Access Journals (Sweden)

    Dionigi Gerace

    2014-10-01

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

  11. Valuation of common and preferred stocks

    Directory of Open Access Journals (Sweden)

    Nikolić Ljubica

    2014-01-01

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

  12. A rapid method of dosing plutonium in radioactive effluents; Methode de dosage rapide du plutonium dans les effluents radioactifs (1961)

    Energy Technology Data Exchange (ETDEWEB)

    Scheidhauer, J; Messainguiral, L [Commissariat a l' Energie Atomique, Centre de Production de Plutonium, Marcoule (France). Centre d' Etudes Nucleaires

    1961-07-01

    The plutonium is first separated by a lanthanum fluoride precipitation. The precipitated fluorides are dissolved in normal nitric acid solution in the presence of aluminium nitrate. The plutonium transformed to the tetravalent state is then extracted with thenoyltrifluoroacetone and returned to the aqueous phase with 10 N nitric acid. After evaporation on a watch glass the residue is calcined on a Meker burner and counted using a counting system fitted with a zinc sulphide scintillator. When necessary, the calcium is eliminated at the beginning of the dosage by a fluoride precipitation, the plutonium being oxidised to the valency IV. (authors) [French] Le plutonium est d'abord separe par entrainement au fluorure de lanthane. Le precipite des fluorures est remis en solution en milieu acide nitrique normal, en presence de nitrate d'aluminium. Le plutonium amene a la valence IV est alors extrait par la thenoyltrifluoroacetone et remis en phase aqueuse dans l'acide nitrique 10 N. Apres evaporation sur verre de montre, le residu est calcine sur bec Meker et compte sur un ensemble de comptage equipe d'un scintillateur au sulfure de zinc. Lorsque cela est necessaire, le calcium est elimine, au debut du dosage, par precipitation du fluorure, le plutonium etant oxyde a la valence VI. (auteurs)

  13. Does Employee Stock Ownership Work?

    DEFF Research Database (Denmark)

    Kato, Takao; Miyajima, Hideaki; Owan, Hideo

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

  14. Statistical modelling of fish stocks

    DEFF Research Database (Denmark)

    Kvist, Trine

    1999-01-01

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

  15. Is the stock market efficient?

    Science.gov (United States)

    Malkiel, B G

    1989-03-10

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

  16. 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.

  17. New instruments and methods for measuring the concentration of radioactive products in the atmosphere; Appareils recents et methodes nouvelles pour la mesure de la concentration des produits radioactifs dans l'atmosphere

    Energy Technology Data Exchange (ETDEWEB)

    Jehanno, C; Blanc, A; Lallemant, C; Roux, G [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1959-07-01

    ) [French] Differents enregistreurs pour aerosols radioactifs ont ete realises pour mesurer la pollution de l'atmosphere des laboratoires ou l'atmosphere exterieure. EAR 600. - Permet de mesurer en continu instantanement et 3 a 10 heures apres le prelevement des concentrations d'aerosols emetteurs {alpha} ou {beta} allant de quelques 10{sup -11} a quelques 10{sup -8} curies par metre cube d'air. EAR 800. - Permet de mesurer en continu des concentrations d'aerosols emetteurs {alpha} allant de 10{sup -11} a 10{sup -5} curie par metre cube d'air, et des concentrations d'aerosols emetteurs {beta} allant de 10{sup -11} a 10{sup -1} curie par metre cube d'air. EAR PLUTONIUM. - Permet de detecter en quelques minutes 1000 DMP (2.10{sup -9} curie par metre cube) et en 8 heures 1 DMP (2.10{sup -12} curie par metre cube). Deux methodes sont utilisees pour separer l'activite due au plutonium de celle due aux derives du radon et du thoron: a) par discrimination d'amplitude, b) par les coincidences (a,b) RaC' et ThC-ThC'. SP 4. - Monte sur jeep, cet ensemble permet la mesure de l'irradiation produite au sol par le panache des piles. La sensibilite est de 5{mu}R/h. A.D.I.R. - Cet appareil autonome et portatif est destine a la mesure instantanee des teneurs en radon de l'atmosphere des mines. Il permet de mesurer des teneurs de l'air variant entre 0,4 et 400.10{sup -10} curie par litre d'air (0,4 et 400 DPM). La mesure des retombees radioactives est faite apres collection de cette activite par un pluviometre special comportant une surface adhesive et une cartouche de resines echangeuses d'ions. La radioactivite des retombees varie entre quelques 10{sup -9} et quelques 10{sup -7} curie par metre carre et par mois. La mesure des concentrations de l'atmosphere en produits de fission est faite apres collection sur papier filtre. Les concentrations mesurees dans l'air au niveau du sol varient entre 10{sup -13} et 10{sup -12} curie par metre cube. (auteur)

  18. L’apprentissage au cern

    CERN Multimedia

    2007-01-01

    pour les professions d’électronicien(ne) et de laborantin(e) en physique L’apprentissage au CERN est régi par les lois, règlements et contrats en vigueur dans le canton de Genève. En cas de réussite à l’examen de fin d’apprentissage, les apprentis obtiennent le Certificat fédéral de capacité suisse (CFC). 6 places au total sont ouvertes au recrutement pour les deux professions. L’apprentissage dure 4 ans. Minima requis pour faire acte de candidature : avoir au moins 15 ans et moins de 21 ans à la date de début de l’apprentissage ; avoir terminé la scolarité obligatoire, au minimum 9e du Cycle d’orientation genevois (3e en France) ; être ressortissant d’un pays membre du CERN (Allemagne, Autriche, Belgique, Bulgarie, Danemark, Espagne, Finlande, France, Grèce, Hongrie, Italie, Norvège, Pays-Bas, Pologne, Portugal, Royaume-Uni, République tchèque, République slovaque , Suède, Suisse) ; pour les résidents en Suisse : être ressortissant su...

  19. Transverse velocity scaling in 197Au+197Au fragmentation

    International Nuclear Information System (INIS)

    Lukasik, J.; Hudan, S.; Lavaud, F.

    2002-07-01

    Invariant transverse-velocity spectra of intermediate-mass fragments were measured with the 4π multi-detector system INDRA for collisions of 197 Au on 197 Au at incident energies between 40 and 150 MeV per nucleon. Their scaling properties as a function of incident energy and atomic number Z are used to distinguish and characterize the emissions in (i) peripheral collisions at the projectile and target rapidities, and in (ii) central and (iii) peripheral collisions near mid-rapidity. The importance of dynamical effects is evident in all three cases and their origin is discussed. (orig.)

  20. Flow in Au+Au collisions at RHIC

    Science.gov (United States)

    Belt Tonjes, Marguerite; the PHOBOS Collaboration; Back, B. B.; Baker, M. D.; Ballintijn, M.; Barton, D. S.; Betts, R. R.; Bickley, A. A.; Bindel, R.; Budzanowski, A.; Busza, W.; Carroll, A.; Decowski, M. P.; García, E.; George, N.; Gulbrandsen, K.; Gushue, S.; Halliwell, C.; Hamblen, J.; Heintzelman, G. A.; Henderson, C.; Hofman, D. J.; Hollis, R. S.; Hołyński, R.; Holzman, B.; Iordanova, A.; Johnson, E.; Kane, J. L.; Katzy, J.; Khan, N.; Kucewicz, W.; Kulinich, P.; Kuo, C. M.; Lin, W. T.; Manly, S.; McLeod, D.; Mignerey, A. C.; Nouicer, R.; Olszewski, A.; Pak, R.; Park, I. C.; Pernegger, H.; Reed, C.; Remsberg, L. P.; Reuter, M.; Roland, C.; Roland, G.; Rosenberg, L.; Sagerer, J.; Sarin, P.; Sawicki, P.; Skulski, W.; Steinberg, P.; Stephans, G. S. F.; Sukhanov, A.; Tang, J.-L.; Trzupek, A.; Vale, C.; van Nieuwenhuizen, G. J.; Verdier, R.; Wolfs, F. L. H.; Wosiek, B.; Wozniak, K.; Wuosmaa, A. H.; Wysłouch, B.

    2004-08-01

    The study of flow can provide information on the initial state dynamics and the degree of equilibration attained in heavy-ion collisions. This contribution presents results for both elliptic and directed flow as determined from data recorded by the PHOBOS experiment in Au+Au runs at RHIC at \\sqrt{sNN} = 19.6, 130 and 200 GeV. The PHOBOS detector provides a unique coverage in pseudorapidity for measuring flow at RHIC. The systematic dependence of flow on pseudorapidity, transverse momentum, centrality and energy is discussed.

  1. National inventory of the radioactive wastes and the recycling materials; Inventaire national des dechets radioactifs et des matieres valorisables

    Energy Technology Data Exchange (ETDEWEB)

    Dupuis, M.C

    2006-07-01

    This synthesis report presents the 2006 inventory of the radioactive wastes and recycling materials, in France. It contains 9 chapters: a general introduction, the radioactive wastes (definition, classification, origins and management), the inventory methodology (organization, accounting and prospecting, exhaustiveness and control tools), main results (stocks, prevision for the period 2005-2020, perspectives after 2020), the inventory for producers or owners (front end fuel cycle, electric power plants, back end fuel cycle, wastes processing and maintenance facilities, researches centers, medical activities, industrial activities, non nuclear industries using nuclear materials, defense center, storage and disposal), the polluted sites, examples of foreign inventories, conclusion and annexes. (A.L.B.)

  2. The past and future of food stocks

    International Nuclear Information System (INIS)

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

    2016-01-01

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

  3. Collection and processing of information in biological kinetics studies with radioactive tracers; Collecte et traitement de l'information dans les etudes de cinetique biologique avec traceurs radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Remy, J; Lafuma, J [Commissariat a l' Energie Atomique, Fontenay-aux-Roses (France). Centre d' Etudes Nucleaires

    1968-07-01

    The authors present an automatic method for the collection and treatment of information in biological kinetics experiments using radioactive tracers. The recording are made without any time constant on magnetic tape. The information recorded is sampled by a 400 channel multi-scale analyzer and transferred to punched cards. The digital analysis is done by an I.B.M. computer. The method is illustrated by an example: the hepatic fixation of colloidal gold in the pig. Its advantages and requirements are discussed. In the appendix are given the FORTRAN texts for two programmes used in treating the example presented. (authors) [French] Les auteurs presentent une methode automatique de collecte et de traitement de l'information dans les experiences de cinetique biologique utilisant les traceurs radioactifs. Les enregistrements sont realises sans constante de temps sur bande magnetique. L'information enregistree fait l'objet d'un echantillonnage a l'aide d'un analyseur a 400 canaux en mode multi-echelle puis est transferee sur cartes perforees. L'exploitation digitale est confiee a un ordinateur I.B.M.. La methode est illustree par un exemple d'etude de la fixation hepatique de l'or colloidal chez le porc. Ses avantages et ses exigences sont discutes. En annexe figurent les textes en FORTRAN de deux programmes utilises pour le traitement de l'exemple cite. (auteurs)

  4. Code of Practice on the International Transboundary Movement of Radioactive Waste; Code De Bonne Pratique Sur Le Mouvement Transfrontiere International De Dechets Radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1990-11-03

    On 21 September 1990, the General Conference, by resolution GC(XXXIV)/RES/530, adopted a Code of Practice on the International Transboundary Movement of Radioactive Waste and requested the Director General - inter alia - to take all necessary steps to ensure wide dissemination of the Code of Practice at both the national and the international level. The Code of Practice was elaborated by a Group of Experts established pursuant to resolution GC(XXXII)/RES/490 adopted by the General Conference in 1988. The text of the Code of Practice is reproduced herewith for the information of all Member States [French] Le 21 septembre 1990, la Conference generale, par la resolution GC(XXXIV)/RES/530, a adopte le Code de bonne pratique sur le mouvement transfrontiere international de dechets radioactifs et a prie le Directeur general-notamment-de prendre toutes les mesures necessaires pour assurer une large diffusion du Code de bonne pratique aux niveaux tant national qu'international. Le Code de bonne pratique a ete elabore par un groupe d'experts cree en application de la resolution GC(XXXII)/RES/490 adoptee par la Conference generale en 1988. Le texte du Code de bonne pratique est reproduit ci-apres pour l'information de tous les Etats Membres.

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

    Directory of Open Access Journals (Sweden)

    Tajus Subqi

    2016-08-01

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

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

    Science.gov (United States)

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

    2018-02-01

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

  7. Experimental study of contamination by inhalation of radioactive iodine aerosols. Biological balance; Etude experimentale de la contamination par inhalation d'aerosols d'iode radioactif bilan biologique

    Energy Technology Data Exchange (ETDEWEB)

    Marble, G. [Commissariat a l' Energie Atomique, 92 - Fontenay-aux-Roses (France). Centre d' Etudes Nucleaires

    1968-07-01

    Several articles have been published concerning research into contamination produced by inhalation of radioactive iodine aerosols in monkeys. Results dealing with the biological balance of this contamination are presented and discussed in this report. (author) [French] L'etude experimentale de la contamination par inhalation d'aerosols d'iode radioactif effectuee chez le singe a fait l'objet de plusieurs publications. Les resultats concernant le bilan biologique de cette contamination sont presentes et discutes dans ce rapport. (auteur)

  8. Chiral magnetic effect search in p+Au, d+Au and Au+Au collisions at RHIC

    Science.gov (United States)

    Zhao, Jie

    2018-01-01

    Metastable domains of fluctuating topological charges can change the chirality of quarks and induce local parity violation in quantum chromodynamics. This can lead to observable charge separation along the direction of the strong magnetic field produced by spectator protons in relativistic heavy-ion collisions, a phenomenon called the chiral magnetic effect (CME). A major background source for CME measurements using the charge-dependent azimuthal correlator (Δϒ) is the intrinsic particle correlations (such as resonance decays) coupled with the azimuthal elliptical anisotropy (v2). In heavy-ion collisions, the magnetic field direction and event plane angle are correlated, thus the CME and the v2-induced background are entangled. In this report, we present two studies from STAR to shed further lights on the background issue. (1) The Δϒ should be all background in small system p+Au and d+Au collisions, because the event plane angles are dominated by geometry fluctuations uncorrelated to the magnetic field direction. However, significant Δϒ is observed, comparable to the peripheral Au+Au data, suggesting a background dominance in the latter, and likely also in the mid-central Au+Au collisions where the multiplicity and v2 scaled correlator is similar. (2) A new approach is devised to study Δϒ as a function of the particle pair invariant mass (minv) to identify the resonance backgrounds and hence to extract the possible CME signal. Signal is consistent with zero within uncertainties at high minv. Signal at low minv, extracted from a two-component model assuming smooth mass dependence, is consistent with zero within uncertainties.

  9. The Australian stock market development: Prospects and challenges

    OpenAIRE

    Sheilla Nyasha; Nicholas M. Odhiambo

    2013-01-01

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

  10. Filipino au pairs on the move

    DEFF Research Database (Denmark)

    Dalgas, Karina Märcher

    2016-01-01

    Most Filipina au pairs in Denmark send remittances back home, and for many, au pairing forms part of longer-term migration trajectories. This article explores how Filipina au pairs try to carve out a future for themselves abroad. It shows that they navigate within tight webs of financial interdep......Most Filipina au pairs in Denmark send remittances back home, and for many, au pairing forms part of longer-term migration trajectories. This article explores how Filipina au pairs try to carve out a future for themselves abroad. It shows that they navigate within tight webs of financial...

  11. Level lifetimes of Au52+ in Au plasma

    International Nuclear Information System (INIS)

    Liu Bo; Zhu Zhiyan; Jiang Gang; Zhu Zhenghe

    2003-01-01

    Based on the extended relativistic multiconfiguration Dirac-Fock theory, the level lifetimes, level widths and wavelengths of Au 52+ have been calculated using the General-purpose Relativistic Atomic Structure Program. The wavelengths obtained are in good agreement with the experimental data available. The relationship between the level lifetimes and the level widths satisfies the Heisenberg uncertainty principle

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

    Directory of Open Access Journals (Sweden)

    Wilson Yaputra Yakup

    2016-05-01

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

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

    OpenAIRE

    Grobys, Klaus

    2011-01-01

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

  14. Long Memory in the Greek Stock Market

    OpenAIRE

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

    1996-01-01

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

  15. Looking Back on the Stock Market

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

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

  16. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

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

    2013-01-01

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

  17. 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...

  18. Macroeconomic Forces and Stock Returns in Vietnam

    OpenAIRE

    Phan, Van Hang

    2008-01-01

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

  19. A new Loan-Stock Financial Instrument

    OpenAIRE

    Morozovsky, Alexander; Narasimhan, Rajan; Kholodenko, Yuri

    2000-01-01

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

  20. Stock selection using a hybrid MCDM approach

    Directory of Open Access Journals (Sweden)

    Tea Poklepović

    2014-12-01

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

  1. Elements of stock market analysis

    Directory of Open Access Journals (Sweden)

    Suciu, T.

    2013-12-01

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

  2. Study of the Fixation and Migration of Radioactive Cations in a Natural Ion Exchanger; Etude de la Fixation et de la Migration de Cations Radioactifs dans un Echangeur d'Ions Naturel; 0418 0417 0423 0427 0415 0414 ; Estudio de la Fijacion y de la Migracion de Cationes Radiactivos en un Cambiador Natural de Iones

    Energy Technology Data Exchange (ETDEWEB)

    Baetsle, L. [Centre d' Etudes de l' Energie Nucleaire, Mol (Belgium)

    1960-07-01

    With a view to utilizing lignite as a natural ion exchanger in the treatment of radioactive waste, a study was made of its physical and physico-chemical properties with reference to ion exchange. The distribution of Sr{sup 90} and Cs{sup 137} ions in the presence of Ca, Na and H was first examined and the equilibrium constants calculated. The kinetics and fixation of ions were then studied, and various parameters required for the calculation of ion-exchange beds were established. Study of the complex phenomenon of radioactive ion migration in the soil was started by the separate investigation of each component ionic equilibrium. (author) [French] Afin d'utiliser le lignite comme echangeur d'ions naturel dans le traitement d'eaux residuaires radioactives, uene etude a ete faite de ses proprietes physiques et physiochimiques, ayant trait a l'echange d'ions. En premier lieu on a etudie la distribution des ions {sup 90}Sr et {sup 137}Cs en presence de Ca, Na et H, et calcule les constantes d'equilibre. En second heu on a traite la cinetique de la fixation des ions, et etabli quelques parametres necessaires au calcul de hts d'echangeurs d'ions. L'etude du phenomene complexe de la migration des ions radioactifs dans le sol a ete abordee par l 'investigation separee de chacun des equilibres ioniques composants. (author) [Spanish] Con objeto de utilizar el lignito como cambiador natural de iones en el tratamiento de aguas residuales radiactivas, se han estudiado sus propiedades fisicas y fisicoquimicas en relacion con el intercambio de iones. En primer lugar, el autor ha estudiado la distribucion de los iones {sup 90}Sr y {sup 137}Cs en presencia de Ca, Na y H, y ha calculado las constantes de equilibrio. En segundo lugar ha estudiado la cinetica de la fijacion de iones y ha establecido algunos parametros necesarios para calcular los lechos de cambiadores de iones. El autor ha abordado el estudio del complejo fenomeno de la migracion de iones radiactivos en el suelo

  3. Energy and Environment. Electric power stock exchange

    International Nuclear Information System (INIS)

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

    2000-01-01

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

  4. The Speculative Nature of Stock Market

    Directory of Open Access Journals (Sweden)

    Bogdan-Gabriel FILIPESCU

    2011-12-01

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

  5. Risk management of stock index futures

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

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

  6. Material Stock Demographics: Cars in Great Britain.

    Science.gov (United States)

    Cabrera Serrenho, André; Allwood, Julian M

    2016-03-15

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

  7. La course au logement social

    OpenAIRE

    Bourgeois, Marine

    2013-01-01

    Ce billet a été publié dans le cadre de l'opération Têtes Chercheuses, qui permet à des étudiants ou chercheurs de grandes écoles, d'universités ou de centres de recherche partenaires de promouvoir des projets innovants en les rendant accessibles, et ainsi participer au débat public.

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

    OpenAIRE

    Gail Ncube; Kapingura Forget Mingiri

    2015-01-01

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

  9. 41 CFR 109-27.5003 - Stock control.

    Science.gov (United States)

    2010-07-01

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

  10. Fisheries Radiobiology and the Discharge of Radioactive Wastes; Radiobiologie des Pecheries et Evacuation des Dechets Radioactifs; 041f 0420 0418 014 ; Radiobiologia de las Pesquerias y Evacuacion de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Morgan, F. [Fisheries Radiobiological Laboratory, Ministry of Agriculture, Fisheries and Food (United Kingdom)

    1960-07-01

    In the United Kingdom authorizations to discharge radioactive wastes are granted by the Minister of Housing and Local Government, the Minister of Agriculture, Fisheries and Food, and by the Secretary of State for Scotland. The hazards arising from contamination of aquatic animals and plants concern the Department of Fisheries ; before authorizations to discharge liquid wastes have been given, the Department has made independent forecasts of permissible levels of discharge based on extensive studies carried out in its research vessels and radiobiological laboratory: for example, where fish have been affected this has meant studies of fish populations and fish migration: uptake of radioactivity by fish : public consumption of fish : commercial distribution of affected fish: L.D.{sub 50}: effects of radiation on tissue, etc. In the course of such work there has been close consultation with the Atomic Energy Authority, and agreement with the Atomic Energy Authority about the safety factor to be incorporated during the first two years of discharge. During these two years, monitoring data collected by the Atomic Energy Authority and the Ministry of Agriculture, Fisheries and Food enable checks and revisions of the original estimates to be made, and at the end of that time formal authorizations, based on operating experience, are issued. (author) [French] Au Royaume-Uni, les autorisations d'evacuer des dechets radioactifs sont accordees par le Ministre du logement et de l'administration locale, par le Ministre de l'agriculture, des pecheries et de l'alimentation et par le Secretaire d'Etat pour l'Ecosse. Les risques dus a la contamination des animaux et des plantes aquatiques relevent du Departement des pecheries; avant d'accorder des autorisations d'evacuer des dechets liquides, le Departement a evalue lui-meme les quantites dont l'evacuation pourrait etre admise, en se fondant sur des etudes approfondies qui sont faites dans ses bateaux de recherche et son laboratoire

  11. A Review of Radioactive Waste Disposal to the Ground at Hanford; Etude sur l'Elimination dans le Sol des Dechets Radioactifs a Hanford; 041e 0411 0417 0414 ; Evacuacion de Desechos Radiactivos en el Subsuelo de Hanford

    Energy Technology Data Exchange (ETDEWEB)

    Pearce, D. W.; Lindbroth, C. E.; Nelson, J. L.; Ames, Jr., L. L. [Hanford Laboratories, Hanford Atomic Products Operation, General Electric Company, Richland WA (United States)

    1960-07-01

    The disposal of radioactive wastes to the ground from the Hanford separations plants is summarized ; volumes of wastes and contained curies discharged to swamps, trenches, and cribs are presented. Significant literature on ion- exchange studies using Hanford soils is reviewed. A field experiment with a model crib is described; preliminary findings indicate that spreading a waste solution below a disposal facility may be of greater benefit in disposal operations than previously assumed. Further studies with the calcite-phosphate reaction are reported; significant variables which affect Sr{sup +2} removal are calcite surface area, pH of the influent, flow rate, temperature and phosphate ion concentration. Bone-seeking radioisotopes are also removed from F- solutions when contact is made with calcite. The zeolite clinoptilolite shows high selectivity for Cs{sup +} even in the presence of increased Na{sup +} concentration. The effect of the large-scale ground disposal operation at Hanford is described by means of a map and geological cross-sections showing areas and volumes of ground and ground water contamination. (author) [French] Les auteurs donnent un apercu de l'elimination dans le sol des dechets radioactifs des usines de separation des isotopes de Hanford ; ils indiquent les quantites de dechets - et de curies - qui sont evacuees dans des marecages, des tranchees et des coffres. Ils passent en revue des etudes importantes qui ont ete publiees sur les proprietes d'echangeurs d'ions des sols de Hanford. Ils decrivent une experience pratique faite avec un coffre modele; il ressort des resultats preliminaires que le fait de repandre une solution de dechets au-dessous d'une installation d'evacuation pourrait etre beaucoup plus avantageux pour les operations d'evacuation que l'on n'avait cru precedemment. Les auteurs signalent d'autres etudes fondees sur la reaction calcite-phosphate ; parmi les variables importantes qui influent sur l'elimination du Sr{sup ++}, il

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

    Science.gov (United States)

    Draze, Dianne

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

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

    NARCIS (Netherlands)

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

    2010-01-01

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

  14. 78 FR 17066 - Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in...

    Science.gov (United States)

    2013-03-19

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

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

    OpenAIRE

    Matveev, Aleksandr

    2014-01-01

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

  16. Do stock prices drive people crazy?

    Science.gov (United States)

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

    2015-03-01

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

  17. Some recent results in Au+Au collisions at AGS

    International Nuclear Information System (INIS)

    Chen, Z.

    1996-01-01

    Many interesting results have been obtained for Au + Au reactions at AGS. The basic information about the reaction dynamics comes from the hadronic distribution. and this article reviews the recent progress of these distributions in details. The proton rapidity distribution shows significantly increased stopping compared to lighter systems, implying the formation of a state of high baryon density. Unlike reactions at this energy induced by lighter heavy ions, at low m t - m 0 the proton invariant spectra deviate from a single exponential shape and become fear,. while pion spectra are found to rise in this region, with the π - spectra rising faster than the π + spectra. The inverse slope parameter increases faster for particles of larger mass as the number of participants in the reaction increases, an indication of increased effect of radial expansion in central collision. Anti-proton Needs have been measured recently, and unfortunately a comparison among current results from different experiments indicates discrepancy

  18. Study of filterable materials and protection instruments by the use of radioactive aerosols; Etude de materiaux filtrants et d'appareils de protection a l'aide des aerosols radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Billard,; Chevalier,; Pradel, [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1960-07-01

    Many filtration problems can be studied by means of radioactive aerosols. For the investigations described in this paper we have chosen the solid disintegration products of radon, the radioactive gas formed from radium, because of the facilities of generation and measurement it offers. Radon and its daughters are in fact always present in the atmosphere in sufficient concentration for certain tests. In order to improve the sensitivity of the measurements, radon from uranium ore can be used. The technique of measuring by counting {alpha} particles is rapid and easy to employ. We have thus been able to define a test for filterable substances, and to check filtering installation and individual protection instruments. (author) [French] Les aerosols radioactifs permettent d'etudier de nombreux problemes de filtration. Pour les etudes decrites dans ce document, nous avons choisi les produits solides de desintegration du radon, gaz radioactif forme a partir du radium en raison des facilites de generation et de mesure. Le radon et ses descendants sont, en effet, toujours presents dans l'atmosphere en concentration suffisante pour certains essais. Pour ameliorer la sensibilite des mesures, il suffit d'utiliser le radon provenant de minerai d'uranium. La technique de mesure par comptage des particules {alpha} est rapide et facile a mettre en oeuvre. Nous avons pu ainsi definir un test pour les substances filtrantes et controler les installations de filtration et des appareils de protection individuelle. (auteur)

  19. The use of radioactive inserts in the study of metal deformation during tube-making processes; Emploi de fils metalliques radioactifs pour l'etude des deformations des metaux pendant la fabrication de tubes; Ispol'zovanie radioaktivnykh vtulok dlya izucheniya deformatsii metallov pri protsesse izgotovleniya trub; Empleo de insertos radiactivos en el estudio de la deformacion de los metales durante la fabricacion de tubos

    Energy Technology Data Exchange (ETDEWEB)

    Davison, W H.T. [Tube Investments Research Laboratories, Cambridge (United Kingdom)

    1962-01-15

    This paper reports on the use of radioactive inserts in studying the deformation of steel in hot rotary piercing for tube making. Iron or steel wires are activated in the pile, inserted in tubes drilled in iron or steel billets, which are then processed under normal production conditions. Careful monitoring shows that the radiation exposures and contamination of the plant are quite negligible. On cooling, the billets are scanned in the laboratory, using a collimated scintillationcounter mounted normal to the surface of the pierced billet, and isodose curves show the shape of the deformed insert normal to the tube surface. A similar scan of a section normal to the axis of the tube gives a second plot; from a combination of the two plots, a three-dimensional picture is obtained. Some results are quoted, but the main emphasis of the paper is on the experimental technique, which has quite general applicability to metal deformation studies. The insert must be located within a millimeter or thereabouts, for which a higher resolution is required than is normal in medical scanning techniques. The problems of achieving this are discussed in terms of {gamma}-energy, collimator design and energy discrimination. (author) [French] Le present memoire traite de l'emploi de fils metalliques radioactifs pour l'etude de la deformation de l'acier durant le forage rotatif a chaud en vue de la fabrication des tubes. Des fils de fer ou d'acier sont actives dans un reacteur et places dans des cavites tabulaires menagees a l'interieur de billettes de fer ou d'acier que l'on transforme ensuite dans les conditions de fabrication normales. Un controle radiologique minutieux montre que les dangers d'irradiation et de contamination dans l'usine sont pratiquement negligeables. Apres refroidissement, les billettes sont examinees en laboratoire au moyen d'un compteur a scintillations avec collimateur de faible ouverture, monte de facon que l'axe soit perpendiculaire a la surface de la billette

  20. Porphyry Cu-Au mineralization in the Mirkuh Ali Mirza magmatic complex, NW Iran

    Science.gov (United States)

    Maghsoudi, A.; Yazdi, M.; Mehrpartou, M.; Vosoughi, M.; Younesi, S.

    2014-01-01

    The Mirkuh Ali Mirza Cu-Au porphyry system in East Azerbaijan Province is located on the western part of the Cenozoic Alborz-Azerbaijan volcanic belt. The belt is also an important Cu-Mo-Au metallogenic province in northwestern Iran. The exposed rocks in the study area consist of a volcaniclastic sequence, subvolcanic rocks and intermediate to mafic lava flows of Neogene age. The volcanic rocks show a typical subduction-related magmatic arc geological and geochemical signature, with low concentration of Nb, Ta, and Ti. Mineralization is hosted by Neogene dacitic tuff and porphyritic dacite situated at the intersections of northeast and northwest faults. Field observations, alteration zonation, geochemical haloes and isotopic data of the Mirkuh Ali Mirza magmatic complex show similarities with typical convergent margin Cu-Au porphyry type deposits. The following features confirm the classic model for Cu-Au porphyry systems: (a) close spatial association with high-K calcalkaline to shoshonitic rock related to post-collision extensional setting (b) low grade Cu (0.57%) (c) stockworks as well as disseminated sulfides (c) zonality of the alteration patterns from intense phyllic at the center to outward weak-phyllic, argillic, and propylitic (d) the presence of a pyritic halo (e) accompanied by sheeted veins and low-sulfidation epithermal gold (f) mineralization spatially associated with intersection of structures, (g) genetically related to diorite porphyry stocks at depth (h) geochemical zonation of (Cu ± Au ± Ag ± Bi) → (Cu + Mo ± Bi ± Au ± Pb ± Zn ± As) → (Au + Mo ± Pb ± Zn) → (As + Ag + Sb + Mn + Ba + Pb + Zn + Hg) → Hg from center to outwards (i) The range of sulfur isotopic values is approximately zero (interpreted to have magmatic source) and similar to other subduction-related porphyry Cu deposits.

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

    Directory of Open Access Journals (Sweden)

    Muhammed Monjurul Quadir

    2012-01-01

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

  2. Nuclear spin of 185Au and hyperfine structure of 188Au

    International Nuclear Information System (INIS)

    Ekstroem, C.; Ingelman, S.; Wannberg, G.

    1977-03-01

    The nuclear spin of 185 Au, I = 5/2, and the hyperfine separation of 188 Au, Δγ = +- 2992(30) MHz, have been measured with the atomic-beam magnetic resonance method. The spin of 185 Au indicates a deformed nuclear shape in the ground state. The small magnetic moment of 188 Au is close in value to those of the heavier I = 1 gold isotopes 190 192 194 Au, being located in a typical transition region. (Auth.)

  3. Fundamental uncertainty and stock market volatility

    NARCIS (Netherlands)

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

    2008-01-01

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

  4. A Tale of Two Stock Markets

    Science.gov (United States)

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

    2015-01-01

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

  5. Does Stock Market Performance Influence Retirement Intentions?

    Science.gov (United States)

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

    2012-01-01

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

  6. Stock market volatility and macroeconomic uncertainty

    NARCIS (Netherlands)

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

    2006-01-01

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

  7. 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

  8. Distinguishing manipulated stocks via trading network analysis

    Science.gov (United States)

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

    2011-10-01

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

  9. Mandatory IFRS Reporting and Stock Price Informativeness

    NARCIS (Netherlands)

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

    2010-01-01

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

  10. Recent market behavior of utility stocks

    International Nuclear Information System (INIS)

    Studness, C.M.

    1990-01-01

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

  11. SETS, arbitrage activity and stock price dynamics

    NARCIS (Netherlands)

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

    2000-01-01

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

  12. Jump Detection in the Danish Stock Market

    DEFF Research Database (Denmark)

    Høg, Esben

    2002-01-01

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

  13. 27 CFR 24.217 - Vinegar stock.

    Science.gov (United States)

    2010-04-01

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

  14. Efficient Circulation of Railway Rolling Stock

    NARCIS (Netherlands)

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

    2006-01-01

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

  15. Efficient Circulation of Railway Rolling Stock

    NARCIS (Netherlands)

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

    2002-01-01

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

  16. Recurrence quantification analysis of global stock markets

    Science.gov (United States)

    Bastos, João A.; Caiado, Jorge

    2011-04-01

    This study investigates the presence of deterministic dependencies in international stock markets using recurrence plots and recurrence quantification analysis (RQA). The results are based on a large set of free float-adjusted market capitalization stock indices, covering a period of 15 years. The statistical tests suggest that the dynamics of stock prices in emerging markets is characterized by higher values of RQA measures when compared to their developed counterparts. The behavior of stock markets during critical financial events, such as the burst of the technology bubble, the Asian currency crisis, and the recent subprime mortgage crisis, is analyzed by performing RQA in sliding windows. It is shown that during these events stock markets exhibit a distinctive behavior that is characterized by temporary decreases in the fraction of recurrence points contained in diagonal and vertical structures.

  17. Modeling Chaotic Behavior of Chittagong Stock Indices

    Directory of Open Access Journals (Sweden)

    Shipra Banik

    2012-01-01

    Full Text Available Stock market prediction is an important area of financial forecasting, which attracts great interest to stock buyers and sellers, stock investors, policy makers, applied researchers, and many others who are involved in the capital market. In this paper, a comparative study has been conducted to predict stock index values using soft computing models and time series model. Paying attention to the applied econometric noises because our considered series are time series, we predict Chittagong stock indices for the period from January 1, 2005 to May 5, 2011. We have used well-known models such as, the genetic algorithm (GA model and the adaptive network fuzzy integrated system (ANFIS model as soft computing forecasting models. Very widely used forecasting models in applied time series econometrics, namely, the generalized autoregressive conditional heteroscedastic (GARCH model is considered as time series model. Our findings have revealed that the use of soft computing models is more successful than the considered time series model.

  18. Some examples of the use of radioactive tracers in pharmacodynamic; Quelques exemples de l'emploi des traceurs radioactifs en pharmacodynamie

    Energy Technology Data Exchange (ETDEWEB)

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

    1960-07-01

    The study of absorption, of distribution in the organism and of the elimination of a medicament has been greatly facilitated by the development of nuclear applications. In effect, the introduction into the molecule of one or several radioactive atoms makes it possible to follow the path and destination of minute quantities of the drug and to thus carry out analyses on the animal within limits of posology close to those of therapeutics. However the qualitative or quantitative methods used have certain limits and they must be compared amongst themselves and with others. Some examples will show : - the importance of the way of administering the drug on the changes in the distribution; - the quite relative selectivity of this latter; - and lastly, the different process involved in the elimination mechanisms. (author) [French] L'etude de l'absorption, de la repartition dans l'organisme et de l'elimination d'un medicament s'est trouvee grandement facilitee par le developpement des applications nucleaires. En effet, l'introduction dans une molecule d'un ou plusieurs atomes radioactifs permet de suivre le sort de quantites infimes de la drogue et de ce fait d'en effectuer l'analyse chez l'animal dans des limites de posologie se rapprochant de celles de la therapeutique. Cependant les methodes employees, qualitatives ou quantitatives, presentent des limites et doivent etre confrontees entre elles et avec d'autres methodes. Quelques exemples mettront en evidence: - l'importance du mode d'administration sur l'evolution de la repartition, - l'electivite toute relative de cette derniere, - et enfin, les modalites diverses des mecanismes d'elimination. (auteur)

  19. Kinetic ion exchange studies in ultramarines by the radioactive tracer method; Etudes cinetiques d'echanges d'ions dans les outremers par la technique des traceurs radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    May, S; Goenvec, H; Pinte, G [Commissariat a l' Energie Atomique, Saclay (France).Centre d' Etudes Nucleaires

    1960-07-01

    The possibility of ion exchanges in various ultramarines has been studied in the aqueous phase. The kinetics of the exchange reactions is followed by studying the behaviour of a radioactive ion, either in the solution of the exchanging salt or in the ultramarine itself. The sodium in the make-up of the ultramarine, is found to exchange with various ions in solution. The reaction speeds appear to be governed by a diffusion process inside the grains of ultramarine. The diffusion coefficients and the activation energies are determined for the exchanges studied. Several exchange studies were carried out in an organic medium. The kinetics of ion exchange is also investigated in ultramarines from which most of the constituent sulphur has been eliminated. The results obtained in these ultramarines are compared with the exchange kinetics of the same ions in ordinary ultramarine. (author) [French] Nous avons etudie la possibilite d'echanges ioniques dans differents outremers, en phase aqueuse. L'etude cinetique des reactions d'echanges est suivie en etudiant le comportement d'ion radioactif, soit dans la solution du sel echangeant, soit dans l'outremer lui-meme. C'est le sodium de constitution de l'outremer qui s'echange avec differents ions en solution. Les vitesses de reactions semblent etre controlees par un processus de diffusion a l'interieur des grains d'outremer. Les coefficients de diffusion et les energies d'activation sont determines pour les echanges etudies. Quelques etudes sont realisees en milieu organique ou quelques echanges ont ete etudies. La cinetique d'echange d'ions est egalement etudie dans des outremers dans lesquels la majorite du soufre de constitution a ete eliminee. On compare les resultats obtenus dans ces outremers avec les cinetiques d'echanges des memes ions dans l'outremer ordinaire. (auteur)

  20. Stock Indices as Generalizing Indicators of the Stock Markets Condition in the European Union Countries

    Directory of Open Access Journals (Sweden)

    Shuba M. V.

    2015-03-01

    Full Text Available The aim of the article is to determine the degree of interdependence of stock markets in separate countries of the European Union, namely: France, Germany, Great Britain, Poland, the Czech Republic and Hungary on the basis of studying the changes in stock indexes, as well as determining the existence of tendencies of approximating the dynamics of the national stock index «PFTS Index» to the corresponding dynamics of stock indexes in surveyed countries. The article analyzes the dynamics of changes in stock indices in the UK (FTSE, Germany (DAX 30, France (CAC 40 and pan-European ones (EURO STOXX 50, as well as changes in stock indices in Poland (WIG 20, Czech Republic (PX, Hungary (BUX. Calculations of the coefficients of pair correlation between changes in stock indices in the studied countries have been performed. The calculation results show a substantial connection between the indicators of changes in stock indices and allow to make a conclusion that in the dynamics of stock indices of national stock markets of the studied EU countries some common trends are observed, moreover, in the behavior of the considered indices common local trends are noticed as well. The author calculated the coefficient of pair correlation between the indicators of changes in the national stock index «PFTS Index» and the stock indices of the «old» and «new» EU countries. The calculations showed that the PFTS Index does not demonstrate a high level of correlation with stock indices of the «old» EU countries and has a tendency of approaching the corresponding dynamics of stock indices of the «new» EU countries.

  1. L’apprentissage au CERN

    CERN Multimedia

    Staff Association

    2016-01-01

    En 1961, sur la base du constat que l’évolution du marché du travail nécessitait un besoin croissant de personnel qualifié, le 1er accord entre la République et canton de Genève et le CERN fut signé. Cet accord avait notamment pour objet la formation professionnelle de jeunes électroniciens et techniciens de laboratoires en physique. Le CERN, acteur local économique d’importance, soulignait par cet accord sa volonté de participer au développement économique et social local. Le 1er apprenti arriva au CERN en 1965. En 1971, le centre d’apprentissage fut créé ; il accueille aujourd’hui plus d’une vingtaine d’apprentis au total, à raison d’environ six nouveaux apprentis chaque année. Cet apprentissage est dédié aux jeunes âgés e...

  2. How Does Amino Acid Ligand Modulate Au Core Structure and Characteristics in Peptide Coated Au Nanocluster?

    Science.gov (United States)

    Li, Nan; Li, Xu; Zhao, Hongkang; Zhao, Lina

    2018-03-01

    The atomic structures and the corresponding physicochemical properties of peptide coated Au nanoclusters determine their distinctive biological targeting applications. To learn the modulation of amino acid ligand on the atomic structure and electronic characteristics of coated Au core is the fundamental knowledge for peptide coated Au nanocluster design and construction. Based on our recent coated Au nanocluster configuration study (Nanoscale, 2016, 8, 11454), we built the typically simplified Au13(Cys-Au-Cys) system to more clearly learn the basic modulation information of amino acid ligand on Au core by the density functional theory (DFT) calculations. There are two isomers as ligand adjacent bonding (Iso1) and diagonal bonding (Iso2) to Au13 cores. The geometry optimizations indicate the adjacent bonding Iso1 is more stable than Iso2. More important, the Au13 core of Iso1 distorts much more significantly than that of Iso2 by Cys-Au-Cys bonding through the root-mean-square deviation (RMSD) analysis, which modulate their electronic characteristics in different ways. In addition, the frontier molecular orbital results of Au13(Cys-Au-Cys) isomers confirm that the Au cores mainly determine the blue shifts of Au13(Cys-Au-Cys) systems versus the original Au13 core in their UV-visible absorption spectrum studies. The configuration of Au13 core performs deformation under Cys-Au-Cys ligand modulation to reach new stability with distinct atomic structure and electronic properties, which could be the theory basis for peptide coated AuNCs design and construction.

  3. Solidification of Radioactive Waste Solutions; Solidification des Effluents Radioactifs; 041e 0422 0412 0415 0420 0416 0414 0415 041d 0418 0415 0420 0410 0414 0418 041e 0410 041a 0422 0418 0412 041d 042b 0425 0421 0411 0420 041e 0421 041d 042b 0425 0420 0410 0421 0422 0412 041e 0420 041e 0412 ; Solidificacion de Efluentes Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Brezhneva, N. E.; Golovanov, Ju. N.; Oziraner, S. N.; Eremin, A. A.; Rozanova, V. N.

    1963-02-15

    This paper sets out the results of experimental development of a method for the solidifaction of radioactive waste solutions, based on the drying and vitrification of precipitates of iron-hydroxide obtained by settling from radioactive solutions. The solidification system is based on the principle of maximum reduction of the waste off-gases after removal of the aerosols and volatile radioactive components. The authors established optimum conditions to obtain a chemically stable glass and succeeded in lowering the temperature for the melting of the glass by modifying the fluxes added. An appreciable drop in the chemical stability of the glass was noted when it was stored for a long time at temperatures above 300 Degree-Sign - 350 Degree-Sign C. The authors studied the leachability of radiocaesium from the glass. They also investigated the volatility of radiocaesium and radio ruthenium in the course of drying and melting and showed that in an atmosphere of carbonic acid gas the volatility of ruthenium completely disappears. Hie volatility of radiocaesium in appreciable quantities becomes noticeable at temperatures above 700 Degree-Sign C and increases as the temperature rises. It is shown that radiocaesium condenses in the drainage tubes at temperatures below 400 Degree-Sign C and is easily washed off by weak solutions of nitric acid and water. Calculations of the heat release from radioactive glass show that the radius of globular glass castings from high-activity materials (10 c/g) must not exceed 25 cm. The paper includes the flowsheet for a process for the drying and vitrification of radioactive sludge by means of a gas- and heat-remover, together with details of the apparatus required. (author) [French] Les auteurs exposent les resultats des recherches qu'ils ont faites, dans leur laboratoire, pour mettre au point une methode de solidification des effluents radioactifs, fondee sur la dessiccation et la vitrification de l'hydroxyde de fer, obtenu par

  4. Fabricating a Homogeneously Alloyed AuAg Shell on Au Nanorods to Achieve Strong, Stable, and Tunable Surface Plasmon Resonances

    KAUST Repository

    Huang, Jianfeng

    2015-08-13

    Colloidal metal nanocrystals with strong, stable, and tunable localized surface plasmon resonances (SPRs) can be useful in a corrosive environment for many applications including field-enhanced spectroscopies, plasmon-mediated catalysis, etc. Here, a new synthetic strategy is reported that enables the epitaxial growth of a homogeneously alloyed AuAg shell on Au nanorod seeds, circumventing the phase segregation of Au and Ag encountered in conventional synthesis. The resulting core–shell structured bimetallic nanorods (AuNR@AuAg) have well-mixed Au and Ag atoms in their shell without discernible domains. This degree of mixing allows AuNR@AuAg to combine the high stability of Au with the superior plasmonic activity of Ag, thus outperforming seemingly similar nanostructures with monometallic shells (e.g., Ag-coated Au NRs (AuNR@Ag) and Au-coated Au NRs (AuNR@Au)). AuNR@AuAg is comparable to AuNR@Ag in plasmonic activity, but that it is markedly more stable toward oxidative treatment. Specifically, AuNR@AuAg and AuNR@Ag exhibit similarly strong signals in surface-enhanced Raman spectroscopy that are some 30-fold higher than that of AuNR@Au. When incubated with a H2O2 solution (0.5 m), the plasmonic activity of AuNR@Ag immediately and severely decayed, whereas AuNR@AuAg retained its activity intact. Moreover, the longitudinal SPR frequency of AuNR@AuAg can be tuned throughout the red wavelengths (≈620–690 nm) by controlling the thickness of the AuAg alloy shell. The synthetic strategy is versatile to fabricate AuAg alloyed shells on different shaped Au, with prospects for new possibilities in the synthesis and application of plasmonic nanocrystals.

  5. Disposal of Low-Activity Liquid Effluents by Dilution; Elimination par Dilution d'Effluents Liquides Faiblement Radioactifs; 0423 0414 0410 041b 0414 ; Eliminacion de Efluentes Liquidos de Baja Radiactividad por Dilucion

    Energy Technology Data Exchange (ETDEWEB)

    Bovard, P.; Candillon, C. [Service de Controle des Radiations et de Genie Radioactif, Commissariat a l' Energie Atomique, Saclay (France)

    1960-07-01

    obtenus Nous avons commence en 1957 une etude evolutive de l'incidence des installations nucleaires. Cette etude embrasse la determination des niveaux - de radioactivite naturelle - de contamination artificielle afin d'en degager la part revenant aux Centres Nucleaires. Des exemples sont cites faisant appel a des zones de reference. La plus grande partie de la radioactivite artificielle semble due aux retombees radioactives; ceci n'est pas surprenant si on examine les quantites d'isotopes radioactifs rejetees jusqu'a present en France. Un certain nombre d'essais de laboratoire ont ete effectues. Ils ont contribue a preciser certains mecanismes, ont accru notre connaissance de la pollution des sites et nous ont permis d'ameliorer nos methodes de prelevement. II. Essais de laboratoire Ils ont porte: 1. sur des 'phenomenes d'adsorption analogues a ceux produits dans les rivieres au cours de la dilution des effluents: fixation sur mineraux tres divises: mica, quartz. Des radioisotopes tels que {sup 90}Sr, {sup 137}Cs, {sup 90}Y semblent se comporter fort differemment: dans les conditions moyennes de rejet, le {sup 90}Sr serait le moins adsorbe. : 2. sur la contamination du sol et des vegetaux par l'emploi de colonnes et de cubes de sol en place. Ceci nous a conduit a standardiser nos prelevements, afin de faciliter les analyses ulterieures et de comparer utilement les resultats. III. Choix du site et modalites des rejets De ce faisceau de resultats et d'etudes encore incomplets, nous essayons de degager quelques principes quant au choix des sites. Le site une fois defini, l'experience acquise permet de tirer le meilleur parti des possibilites naturelles. (author) [Spanish] Con los resultados obtenidos en Francia vigilando la radiactividad en las proximidades de las instalaciones nucleares se pueden extraer determinadas conclusiones acerca de la eleccion de los procedimientos de evacuacion. I. Resultados obtenidos Los autores iniciaron en 1957 un estudio evolutivo de las

  6. The Hydrographical Features of the Baltic Sea and the Disposal of Radioactive Wastes; L'Hydrographie de la Mer Baltique et l'Evacuation des Dechets Radioactifs; 0413 0418 0414 0420 041e 0413 0420 0414 ; Caracteristicas Hidrograficas del Mar Baltico en Relacion con la Evacuacion de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Hela, Ilmo [Institute of Marine Research Helsinki (Finland)

    1960-07-01

    The purpose of the paper is to point out a few hydrographical features of the Baltic Sea, which make this sea, in reference to the disposal of radioactive wastes, different from any oceanic region. The seas can be divided, in reference to the practical problem of the disposal of radionuclides, into the following zones: (1) harbours, (2) fairways leading into harbours, (3) outer continental shelf and (4) the open sea. There, is no open sea, in the above sense, in the Baltic Sea. In addition, the validity of the rules recommended for the above zones, must be carefully checked through further hydrographical studies, since: (1) the whole Baltic is, in a sense, an estuary, with a sill-depth of only 18 metres in the Danish Sounds, (2) the mixing in the Baltic Sea is much more restricted than in the oceans, since the Baltic is rich in islands, brackish, heavily stratified, practically tideless, in winter partly covered with ice, and has a limited fetch of wind and only slowly moving permanent currents. In the paper reference is made to all these factors which diminish the turbulent diffusion, both vertical and horizontal. For the evaluation of the advection and turbulent (eddy) diffusion, both in the upper water layers and at the bottom, synoptic observations of current velocity and salinity at a number of points in several regions of the Baltic Sea and under different weather conditions are needed. (author) [French] Le memoire a pour but d'exposer certains traits de l'hydrographie de la mer Baltique qui, du point de vue de l'evacuation des dechets radioactifs, la distinguent de toute region oceanique. Pour l'etude des problemes pratiques poses par l'evacuation des dechets radioactifs, on peut repartir la mer en quatre zones: 1) les ports, 2) les chenaux d'acces aux ports, 3) le plateau continental, 4) la haute mer. Dans ce sens, il n'y a pas de haute mer dans la Baltique. En outre, la validite des reglements recommandes pour les zones precitees doit faire l'objet d

  7. Analysing News for Stock Market Prediction

    Science.gov (United States)

    Ramalingam, V. V.; Pandian, A.; Dwivedi, shivam; Bhatt, Jigar P.

    2018-04-01

    Stock market means the aggregation of all sellers and buyers of stocks representing their ownership claims on the business. To be completely absolute about the investment on these stocks, proper knowledge about them as well as their pricing, for both present and future is very essential. Large amount of data is collected and parsed to obtain this essential information regarding the fluctuations in the stock market. This data can be any news or public opinions in general. Recently, many methods have been used, especially big unstructured data methods to predict the stock market values. We introduce another method of focusing on deriving the best statistical learning model for predicting the future values. The data set used is very large unstructured data collected from an online social platform, commonly known as Quindl. The data from this platform is then linked to a csv fie and cleaned to obtain the essential information for stock market prediction. The method consists of carrying out the NLP (Natural Language Processing) of the data and then making it easier for the system to understand, finds and identifies the correlation in between this data and the stock market fluctuations. The model is implemented using Python Programming Language throughout the entire project to obtain flexibility and convenience of the system.

  8. Hidden Markov Model for Stock Selection

    Directory of Open Access Journals (Sweden)

    Nguyet Nguyen

    2015-10-01

    Full Text Available The hidden Markov model (HMM is typically used to predict the hidden regimes of observation data. Therefore, this model finds applications in many different areas, such as speech recognition systems, computational molecular biology and financial market predictions. In this paper, we use HMM for stock selection. We first use HMM to make monthly regime predictions for the four macroeconomic variables: inflation (consumer price index (CPI, industrial production index (INDPRO, stock market index (S&P 500 and market volatility (VIX. At the end of each month, we calibrate HMM’s parameters for each of these economic variables and predict its regimes for the next month. We then look back into historical data to find the time periods for which the four variables had similar regimes with the forecasted regimes. Within those similar periods, we analyze all of the S&P 500 stocks to identify which stock characteristics have been well rewarded during the time periods and assign scores and corresponding weights for each of the stock characteristics. A composite score of each stock is calculated based on the scores and weights of its features. Based on this algorithm, we choose the 50 top ranking stocks to buy. We compare the performances of the portfolio with the benchmark index, S&P 500. With an initial investment of $100 in December 1999, over 15 years, in December 2014, our portfolio had an average gain per annum of 14.9% versus 2.3% for the S&P 500.

  9. Manufacturing Capital Lingers in the Stock Market

    Institute of Scientific and Technical Information of China (English)

    吴程涛; 段铸; 张景宇; 张曙光

    2008-01-01

    Pressured by a slowdown in exports, cost increases and dwindling returns to manufacturing investments, China’s manufacturing capital has begun to shift to the real-estate and stock markets. As a matter of fact, the stock market had already felt a shock a couple of years ago when top domestic manufacturers like Midea, Gree, TCL and LMZ started to invest their idle capital in the real-estate and stock markets. Investments of manufacturing capital in both the real estate and stock markets have increased fluid capital and pushed up the value of both markets. Booms in both markets have in turn guaranteed investment returns of manufacturing capital, which further increased the stock market valuations of manufacturing capital. Such a cycle has created interest chains between listed manufacturers, the stock market and the real-estate market. Along with the ups and downs of the stock and real-estate markets, manufacturing capital now faces a dilemma: to escape or to persist? Where should it escape? When can the markets be profitable again? Just like the classic Shakespearean question: to be or not to be, that is the question.

  10. Asymmetric conditional volatility in international stock markets

    Science.gov (United States)

    Ferreira, Nuno B.; Menezes, Rui; Mendes, Diana A.

    2007-08-01

    Recent studies show that a negative shock in stock prices will generate more volatility than a positive shock of similar magnitude. The aim of this paper is to appraise the hypothesis under which the conditional mean and the conditional variance of stock returns are asymmetric functions of past information. We compare the results for the Portuguese Stock Market Index PSI 20 with six other Stock Market Indices, namely the SP 500, FTSE 100, DAX 30, CAC 40, ASE 20, and IBEX 35. In order to assess asymmetric volatility we use autoregressive conditional heteroskedasticity specifications known as TARCH and EGARCH. We also test for asymmetry after controlling for the effect of macroeconomic factors on stock market returns using TAR and M-TAR specifications within a VAR framework. Our results show that the conditional variance is an asymmetric function of past innovations raising proportionately more during market declines, a phenomenon known as the leverage effect. However, when we control for the effect of changes in macroeconomic variables, we find no significant evidence of asymmetric behaviour of the stock market returns. There are some signs that the Portuguese Stock Market tends to show somewhat less market efficiency than other markets since the effect of the shocks appear to take a longer time to dissipate.

  11. The dependence of Islamic and conventional stocks: A copula approach

    Science.gov (United States)

    Razak, Ruzanna Ab; Ismail, Noriszura

    2015-09-01

    Recent studies have found that Islamic stocks are dependent on conventional stocks and they appear to be more risky. In Asia, particularly in Islamic countries, research on dependence involving Islamic and non-Islamic stock markets is limited. The objective of this study is to investigate the dependence between financial times stock exchange Hijrah Shariah index and conventional stocks (EMAS and KLCI indices). Using the copula approach and a time series model for each marginal distribution function, the copula parameters were estimated. The Elliptical copula was selected to present the dependence structure of each pairing of the Islamic stock and conventional stock. Specifically, the Islamic versus conventional stocks (Shariah-EMAS and Shariah-KLCI) had lower dependence compared to conventional versus conventional stocks (EMAS-KLCI). These findings suggest that the occurrence of shocks in a conventional stock will not have strong impact on the Islamic stock.

  12. Transport characteristics in Au/pentacene/Au diodes

    Science.gov (United States)

    Hayashi, Toshiaki; Naka, Akiyoshi; Hiroki, Masanobu; Yokota, Tomoyuki; Someya, Takao; Fujiwara, Akira

    2018-03-01

    We have used scanning and transmission electron microscopes (SEM and TEM) to study the structure of a pentacene thin film grown on a Au layer with and shown that it consists of randomly oriented amorphous pentacene clusters. We have also investigated the transport properties of amorphous pentacene in a metal-semiconductor-metal (MSM) diode structure and shown that the current is logarithmically proportional to the square root of the applied voltage, which indicates that transport occurs as the result of hopping between localized sites randomly distributed in space and energy.

  13. Financing R & D with Knowledge Stock Rentals

    OpenAIRE

    John M. Hartwick

    1993-01-01

    We set out an endogenous growth model along the lines of Romer(1990) and investigate the implications of financing new knowledge production (R&D) with rental income accruing to the knowledge stock used in goods production. The knowledge stock is a non-public input in goods production. The balance growth rate under optimal growth can be greater or less than that under the invest knowledge stock rentals regime depends on the parameters of the production function and not on the parameters of pre...

  14. 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...

  15. UNDERGROUND ECONOMY, GDP AND STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Caus Vasile Aurel

    2012-07-01

    Full Text Available Economic growth is affected by the size and dynamics of underground economy. Determining this size is a subject of research for many authors. In this paper we present the relationship between underground economy dynamics and the dynamics of stock markets. The observations are based on regression used by Tanzi (1983 and the relationship between GDP and stock market presented in Tudor (2008. The conclusion of this paper is that the dynamics of underground economy is influenced by dynamic of financial markets. Thus, using specific stock market mathematical tools analysis, one can analyze the dynamic of underground economy

  16. Danish building typologies and building stock analyses

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Kragh, Jesper

    energy savings in residential buildings. The intension with this analysis was to investigate the possible energy reduction in Denmark if the same approach had been taken for the entire Danish building stock. The report concludes that the ZeroHome initiative clearly results in energy savings, but far from...... enough to meet the government’s plan to make Danish buildings free from use of fossil fuels by 2035. This will probably require around 50 % energy savings in the Danish building stock as a whole. However, the project has proven that dedicated engagement of locals can speed up market penetration...... for energy savings in the existing Building stock....

  17. Twitter as driver of stock price

    OpenAIRE

    Jubbega, Annika

    2012-01-01

    The goal of this research is to examine the dynamic relationship of Twitter and stock price, by examining the effects for the ten most valuable brands according Interbrand (2010): Coca-Cola, IBM, Microsoft, Google, McDonald’s, Intel, Nokia, Disney, Toyota and Cisco. A VAR modelling approach captures the short and long term effects of Twitter to stock price and stock price to Twitter. Effects were found for 5 of the 10 brand. For Coca-Cola and Toyota, the number of brand sentiment tweets dri...

  18. Fish stocking density impacts tank hydrodynamics

    DEFF Research Database (Denmark)

    Rasmussen, Michael R.; Lunger, Angela; Laursen, Jesper

    2006-01-01

    The effect of stocking density upon the hydrodynamics of a circular tank, configured in a recirculation system, was investigated. Red drums Sciaenops ocellatus of approximately 140 g wet weight, were stocked at five rates varying from 0 to 12 kg m-3. The impact of the presence of fish upon tank...... hydrodynamics was established using in-tank-based Rhodamine WT fluorometry at a flow rate of 0.23 l s-1 (tank exchange rate of 1.9 h-1). With increasing numbers of animals, curvilinear relationships were observed for dispersion coefficients and tank mixing times. Stocking densities of 3, 6, 9 and 12 kg m-3...

  19. Co-integration and Causality Among Jakarta Stock Exchange, Singapore Stock Exchange, and Kuala Lumpur Stock Exchange

    OpenAIRE

    Febrian, Erie; Herwany, Aldrin

    2007-01-01

    For both risk management and portfolio selection purposes, modeling the linkage across financial markets is crucial, especially among neighboring stock markets. In investigating the dependence or co-movement of three or more stock markets in different countries, researchers frequently use co-integration and causality analysis. Nevertheless, they conducted the causality in mean tests but not the causality in variance tests. This paper examines the co-integration and causal relations among ...

  20. High-p$_{T}$ Tomography of d+Au and Au+Au at SPS, RHIC, and LHC

    CERN Document Server

    Vitev, I; Vitev, Ivan; Gyulassy, Miklos

    2002-01-01

    The interplay of nuclear effects on the p_T > 2 GeV inclusive hadron spectra in d+Au and Au+Au reactions at root(s) = 17, 200, 5500 GeV is compared to leading order perturbative QCD calculations for elementary p+p (p-bar+p) collisions. The competition between nuclear shadowing, Cronin effect, and jet energy loss due to medium-induced gluon radiation is predicted to lead to a striking energy dependence of the nuclear suppression/enhancement pattern in A+A reactions. We show that future d+Au data can used to disentangle the initial and final state effects.

  1. The Public Health Problems of Nuclear Waste Disposal; L'Elimination des Dechets Radioactifs et la Sante Publique; 041f 0420 041e 0414 ; Problemas que Presenta para la Salud Publica la Evacuacion de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Dunster, H. J. [United Kingdom Atomic Energy Authority, Health and Safety Branch (United Kingdom)

    1960-07-01

    The fundamental bases of the control of public health problems in connexion with the disposal of radioactive wastes are the Recommendations of the International Commission on Radiological Protection. These Recommendations cannot be applied directly to the disposal of waste because the released radioactivity rarely reaches man in a direct manner. The setting of maximum permissible discharge rates, therefore, involves a knowledge not only of man's utilization of his environment but also of the diverse processes which govern the behaviour of radioactive materials in that environment. As an example of the way in which the United Kingdom has dealt with these problems the paper discusses the discharge of low-activity liquid wastes into the sea, and refers briefly to the similar problems of assessing discharges into rivers and disposal into the ground or the deep sea. The paper concludes that it is possible to demonstrate without difficulty the safety of most proposed waste-disposal operations but that meticulous investigation and control are necessary whenever substantial amounts of radioactivity are to be released to man's environment. (author) [French] Les donnees de base relatives aux mesure de sante publique touchant l'elimination des dechets radioactifs sont fournies par les recommandations de la Commission internationale de protection radiologique. Mais ces recommandations ne peuvent pas etre directement appliquees a l'elimination des dechets, car il est rare que l'homme se trouve directement expose aux radiations emises. Pour pouvoir fixer, en matiere d'elimination de dechets, un taux maximum admissible, il faut donc connaitre non seulement le comportement de l'homme dans le milieu considere, mais aussi les processus suivant lesquels les matieres radioactives agissent sur ce milieu. Prenant comme exemple ce qui est fait au Royaume-Uni, l'auteur etudie la question de l'evacuation dans la mer de dechets liquides de faible radioactivite et il donne un apercu des

  2. THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Laduna R.

    2018-01-01

    Full Text Available Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI. The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price.

  3. Residential building stocks and flows as dynamic systems: Chilean dwelling stock and energy modeling, including earthquakes.

    OpenAIRE

    Gallardo, Carla

    2012-01-01

    The building sector comprises a very important part of each country s economy, playing an important role in the consumption of resources and energy. In practice there is little knowledge on how the building stock develops. It is useful then to understand the dynamics and the metabolism of the built environment. Research on building stocks, predominantly on the residential sector, has been performed mainly for developed countries. There is little or none research on building stock for developi...

  4. Market Performance and Accounting Information as the Reference of Stocks Portfolio Formation in Indonesia Stock Exchange

    OpenAIRE

    Pasaribu, Rowland Bismark Fernando

    2009-01-01

    This study aimed to a stock portfolio formed with composite of companies market (PER, PBV, ROE, EPS, PSR, and B/M, VaR) and accounting performance (ROE, and EPS) also their market capitalization in Indonesia Stock Exchange period 2003-2006. Some clarification need to achieved, such as: real difference among variabel refer to their market capitalization and influence of predictor to stock return. Hereinafter, the performance of selected portfolio were evaluated. The evaluation result conclude ...

  5. The Stock Market's Reaction to Unemployment News: Why Bad News is Usually Good for Stocks

    OpenAIRE

    John H. Boyd; Ravi Jagannathan; Jian Hu

    2001-01-01

    We find that on average an announcement of rising unemployment is 'good news' for stocks during economic expansions and 'bad news' during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant for valuing stocks: information about future interest rates and future corporate earnings and divide...

  6. Configuration dependent deformation in 183Au

    International Nuclear Information System (INIS)

    Joshi, P.; Kumar, A.; Govil, I.M.; Mukherjee, G.; Singh, R.P.; Muralithar, S.; Bhowmik, R.K.

    1998-01-01

    The lifetime measurements in 183 Au nucleus were carried in order to probe the deformation properties of the band built on the i 3/2 and h 9/2 configurations. The nucleus of 183 Au was populated using a reaction 28 Si( 159 Tb,4n) 183 Au at a beam energy of 140 MeV. Lifetime measurements were carried out using Recoil Distance Measurements (RDM) method

  7. Boosting Learning Algorithm for Stock Price Forecasting

    Science.gov (United States)

    Wang, Chengzhang; Bai, Xiaoming

    2018-03-01

    To tackle complexity and uncertainty of stock market behavior, more studies have introduced machine learning algorithms to forecast stock price. ANN (artificial neural network) is one of the most successful and promising applications. We propose a boosting-ANN model in this paper to predict the stock close price. On the basis of boosting theory, multiple weak predicting machines, i.e. ANNs, are assembled to build a stronger predictor, i.e. boosting-ANN model. New error criteria of the weak studying machine and rules of weights updating are adopted in this study. We select technical factors from financial markets as forecasting input variables. Final results demonstrate the boosting-ANN model works better than other ones for stock price forecasting.

  8. Community monitoring of carbon stocks for REDD+

    DEFF Research Database (Denmark)

    Brofeldt, Søren; Theilade, Ida; Burgess, Neil David

    2014-01-01

    Reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable management of forests, and enhancement of forest carbon stocks in developing countries (REDD+) is a potentially powerful international policy mechanism that many tropica...

  9. SIS - Species and Stock Administrative Data Set

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Species and Stock Administrative data set within the Species Information System (SIS) defines entities within the database that serve as the basis for recording...

  10. Sustainment Stocks for the Korean Theater

    National Research Council Canada - National Science Library

    St

    1998-01-01

    .... This study concludes that the Army intends to provide theater Class VII combat loss replacements, in the Korean theater, in the early stage of conflict or war from Army Pre-positioned Stocks-Sustainment 4 (APS-S 4...

  11. The volatility of stock market prices.

    Science.gov (United States)

    Shiller, R J

    1987-01-02

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

  12. The price momentum of stock in distribution

    Science.gov (United States)

    Liu, Haijun; Wang, Longfei

    2018-02-01

    In this paper, a new momentum of stock in distribution is proposed and applied in real investment. Firstly, assuming that a stock behaves as a multi-particle system, its share-exchange distribution and cost distribution are introduced. Secondly, an estimation of the share-exchange distribution is given with daily transaction data by 3 σ rule from the normal distribution. Meanwhile, an iterative method is given to estimate the cost distribution. Based on the cost distribution, a new momentum is proposed for stock system. Thirdly, an empirical test is given to compare the new momentum with others by contrarian strategy. The result shows that the new one outperforms others in many places. Furthermore, entropy of stock is introduced according to its cost distribution.

  13. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

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

    In the area of knowledge management and knowledge governance, previous research has mostly focused on either knowledge stocks or knowledge flows of firms or organizational units. Contrary to this work, our study is among the first to integrate these two perspectives in order to shed light...... on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC). We investigate intra-functional as well as cross-functional complementarity effects from the perspective of the knowledge recipient. We test the impact of stocks on flows on the benefit that is created...... for MNC units. Based on a comprehensive sample of 324 relationships between MNC units we find that both types of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross...

  14. Decision Support for the Rolling Stock Dispatcher

    DEFF Research Database (Denmark)

    Groth, Julie Jespersen

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

  15. Multifractal structures for the Russian stock market

    Science.gov (United States)

    Ikeda, Taro

    2018-02-01

    In this paper, we apply the multifractal detrended fluctuation analysis (MFDFA) to the Russian stock price returns. To the best of our knowledge, this paper is the first to reveal the multifractal structures for the Russian stock market by financial crises. The contributions of the paper are twofold. (i) Finding the multifractal structures for the Russian stock market. The generalized Hurst exponents estimated become highly-nonlinear to the order of the fluctuation functions. (ii) Computing the multifractality degree according to Zunino et al. (2008). We find that the multifractality degree of the Russian stock market can be categorized within emerging markets, however, the Russian 1998 crisis and the global financial crisis dampen the degree when we consider the order of the polynomial trends in the MFDFA.

  16. Dynamic Stock Market Participation of Households

    DEFF Research Database (Denmark)

    Khorunzhina, Natalia

    This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...... education programs can affect consumers’ investment decisions. Using household data from the Panel Study of Income Dynamics, I estimate the magnitude of the participation cost, allowing for individual heterogeneity in it. The results show the average stock market articipation cost is about 5% of labor...... income; however, it varies substantially over consumers’ life. The model successfully predicts the level of the observed articipation rate and the increasing pattern of stock market participation over the consumers’ life cycle....

  17. Privatization, political risk and stock market development

    NARCIS (Netherlands)

    Perotti, E.C.; van Oijen, P.H.

    1999-01-01

    This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test which gradually resolves uncertainty

  18. Religion and stock price crash risk: Evidence

    Directory of Open Access Journals (Sweden)

    Wenfei Li

    2016-09-01

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

  19. Contribution to the selection of radioactive tracers for hydrogeology; Contribution a la selection de traceurs radioactifs pour l'hydrogeologie

    Energy Technology Data Exchange (ETDEWEB)

    Lallemand, A [Bureau de recherches geologiques et minieres (BRGM), Paris (France); Grison, G [Commission des Communautes europeennes, Brussels (Belgium)

    1970-09-15

    A systematic study was made of a number of anionic and cationic tracers in different terrains with distinct petrographic characteristics, allowance being made for the various physical and chemical parameters of the environment. The behaviour of 12 tracers ({sup 51}Cr, {sup 59}Fe, {sup 45}Ca, {sup 110}Ag, {sup 24}Na, {sup 137}Cs, {sup 3}H, {sup 32}P, {sup 35}S, {sup 14}C, {sup 131}I, {sup 82}Br) was studied in six types of argillaceous rock (illite, vermiculite, interstratified illite-vermiculite, montmorillonite, attapulgite and kaolinite) and three sand types (siliceous, calcareous and dolomitic) in the presence of three types of water (demineralized, sea-water and various spring waters). On the basis of the results obtained from 5000 tests and measurements made during this study it is possible to select the tracer most suited to the characteristics of the terrain and the type of groundwater. (author) [French] Les travaux effectues ont pour objectif l'etude systematique d'un certain nombre de traceurs anioniques et cationiques sur une serie de terrains a caracteristiques petrographiques bien determinees, compte tenu d'un certain nombre de parametres physiques et chimiques du milieu. Le comportement de douze traceurs ({sup 51}Cr, {sup 59}Fe, {sup 45}Ca, {sup 110}Ag, {sup 24}Na, {sup 137}Cs, {sup 3}H, {sup 32}P, {sup 35}S, {sup 14}C, {sup 131}I et {sup 82}Br) a ete etudie dans six roches argileuses (illite, vermiculite, interstratifie illite-vermiculite, montmorillonite, attapulgite, kaolinite) et trois sables (siliceux, calcaire, dolomitique) en presence de trois types d'eau (demineralisee, eau de mer et diverses eaux de source). Les resultats des 5000 essais et mesures effectues au cours de cette etude permettent de selectionner le traceur repondant le mieux aux caracteristiques du terrain et du type d'eau de la nappe. (author)

  20. Contribution to the Selection of Radioactive Tracers for Hydrogeology; Contribution a la Selection de Traceurs Radioactifs pour l'Hydrogeologie

    Energy Technology Data Exchange (ETDEWEB)

    Lallemand, Andree [Bureau de Recherches Geologiques et Minieres (BRGM), Paris (France); Grison, G. [Commission des Communautes Europeennes, Bruxelles (Belgium)

    1970-09-15

    A systematic study was made of a number of anionic and cationic tracers in different terrains with distinct petrographic characteristics, allowance being made for the various physical and chemical parameters of the environment. The behaviour of 12 tracers ({sup 51}Cr, {sup 59}Fe, {sup 45}Ca, {sup 110}Ag, {sup 24}Na, {sup 137}Cs, {sup 3}H, {sup 32}P, {sup 35}S, {sup 14}C, {sup 131}I, {sup 82}Br) was studied in six types of argillaceous rock (illite, vermiculite, interstratified illite-vermiculite, montmorillonite, attapulgite and kaolinite) and three sand types (siliceous, calcareous and dolomitic) in the presence of three types of water (demineralized, sea-water and various spring waters). On the basis of the results obtained from 5000 tests and measurements made during this study it is possible to select the tracer most suited to the characteristics of the terrain and the type of groundwater. (author) [French] Les travaux effectues ont pour objectif l'etude systematique d'un certain nombre de traceurs anioniques et cationiques sur une serie de terrains a caracteristiques petrographiques bien determinees, compte tenu d'un certain nombre de parametres physiques et- chimiques du milieu. Le comportement de douze traceurs ({sup 51}Cr, {sup 59}Fe, {sup 45}Ca, {sup 110}Ag, {sup 24}Na, {sup 137}Cs, {sup 3}H, {sup 32}P, {sup 35}S, {sup 14}C, {sup 131}I et {sup 82}Br) a ete etudie dans six roches argileuses (illite, vermiculite, interstratifie illite-vermiculite, montmorillonite, attapulgite, kaolinite) et trois sables (siliceux, calcaire, dolomitique) en presence de trois types d'eau (demineralisee, eau de mer et diverses eaux de source). Les resultats des 5000 essais et mesures effectues au cours de cette etude permettent de selectionner le traceur repondant le mieux aux caracteristiques du terrain et du type d'eau de la nappe. (author)

  1. 78 FR 66681 - Draft 2013 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2013-11-06

    ... may be publicly accessible. Do not submit Confidential Business Information or otherwise sensitive or... completed in 1995. The MMPA requires NMFS and FWS to review the SARs at least annually for strategic stocks... non-strategic stocks. The term ``strategic stock'' means a marine mammal stock: (A) For which the...

  2. 12 CFR 931.3 - Minimum investment in capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Minimum investment in capital stock. 931.3... CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.3 Minimum investment in capital stock. (a) A Bank shall require each member to maintain a minimum investment in the capital stock of the Bank, both...

  3. STOCK AND STOCK EXCHANGE AS A PART OF FINANCIAL INSTITUTIONS IN DEVELOPED COUNTRIES

    Directory of Open Access Journals (Sweden)

    Vesna Petrović

    2018-01-01

    Full Text Available The authors have tried to present the term, meaning and importance of stocks and stock exchange as a part of the financial system of developed countries. By observing the financial system growth, especially in financial institutions, it can be noticed that there are changes in relative positions of various types of financial agents in developed market industries. What determines financial markets, and by that the stocks and stock exchange is the permanent movement of financial instruments and neglecting the national market boundaries.

  4. Predicted Habitat Suitability for Montipora Corals in the Au'au Channel Region

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This raster denotes predicted habitat suitability for Montipora in the Au'au Channel region. Maximum Entropy (MaxEnt) modeling software was used to create this...

  5. Predicted Habitat Suitability for Porites in the Au'au Channel Region

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This raster denotes predicted habitat suitability for Porites in the Au'au Channel region. Maximum Entropy (MaxEnt) modeling software was used to create this...

  6. Predicted Habitat Suitability for Leptoseris Corals in the Au'au Channel Region

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This raster denotes predicted habitat suitability for Leptoseris in the Au'au Channel region. Maximum Entropy (MaxEnt) modeling software was used to create this...

  7. Predicted Habitat Suitability for Leptoseris in the Au'au Channel Region

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This raster denotes predicted habitat suitability for Leptoseris in the Au'au Channel region. Maximum Entropy (MaxEnt) modeling software was used to create this...

  8. Predicted Habitat Suitability for All Mesophotic Corals in the Au'au Channel Region

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This raster denotes predicted habitat suitability for all mesophotic corals in the Au'au Channel region. Maximum Entropy (MaxEnt) modeling software was used to...

  9. Synthesis of nir-sensitive Au-Au{sub 2}S nanocolloids for drug delivery

    Energy Technology Data Exchange (ETDEWEB)

    Ren, L.; Chow, G.M

    2003-01-15

    Near IR (NIR) sensitive Au-Au{sub 2}S nanocolloids were prepared by mixing HAuCl{sub 4} and Na{sub 2}S in aqueous solutions. An anti-tumor drug, cis-platin, was adsorbed onto Au-Au{sub 2}S nanoparticle surface via the 11-mercaptoundecanoic acid (MUA) layers. The results show that the degree of adsorption of cis-platin onto Au-Au{sub 2}S nanoparticles was controlled by the solution pH value, and the drug release was sensitive to near-infrared irradiation. The cis-platin-loaded Au-Au{sub 2}S nanocolloids can be potentially applied as NIR activated drug delivery carrier.

  10. Optimal capital stock and financing constraints

    OpenAIRE

    Saltari, Enrico; Giuseppe, Travaglini

    2011-01-01

    In this paper we show that financing constraints affect the optimal level of capital stock even when the financing constraint is ineffective. This happens when the firm rationally anticipates that access to external financing resources may be rationed in the future. We will show that with these expectations, the optimal investment policy is to invest less in any given period, thereby lowering the desired optimal capital stock in the long run.

  11. Stock Markets Indices in Artificial Insymmetrization Patterns

    International Nuclear Information System (INIS)

    Makowiec, D.

    2002-01-01

    The daily data of indices of Warsaw Stock Exchange - WIG, and New York Stock Exchange - NASDAQ, NYSE and S and P 500 for the last two years are being studied. Properties of fluctuations of daily returns found from scaling analysis of tails are confronted with patterns obtained by the artificial insymmetrization method to specify difference between the world-wide American market and local and rather marginal Polish market. (author)

  12. stockées Ephestia kuehniella (Lepidoptera)

    African Journals Online (AJOL)

    PR BOKO

    de Rebat (2008). [5] - B. DOUMANDJI-MITICHI. Etude d'un ravageur des denrées stockées E. Kuehiella, Am.El Harrach. (1997). [6] - F. TAIBI. Etude comparée du développement et de la reproduction chez deux ravageurs des denrées stockées Ephestia Kuehniella et Tenebrio molitor. Aspect endocrinien en rapport avec.

  13. Essays on Stock Exchange Competition and Pricing

    OpenAIRE

    Andersen, Atso

    2005-01-01

    This study deals with the industrial structure, the nature of competition and the pricing of stock exchange trading services in Europe. Specific for the study is that exchanges are considered to be profit-maximizing institutions that face competition. A conventional analysis of concentration ratios shows that the concentration of European stock exchanges is low. When the nature of competition is measured in more detail, regression results indicate that exchanges operate in monopolistic o...

  14. Stock Option Compensation and Managerial Turnover

    OpenAIRE

    Raluca Georgiana NASTASESCU

    2009-01-01

    This study examines the association between managerial turnover and equity-based compensation. I investigate whether stock options act to bond executives to their firms and whether retention of managers is a motivation of companies in designing CEO incentive contracts. The results show that stock options do negatively influence the probability of a CEO leaving the company. The monetary cost of losing the value of equity-based compensation package keeps the manager with his company. I also fin...

  15. Long - Memory Persistence in African Stock Markets

    Directory of Open Access Journals (Sweden)

    Emmanuel Numapau Gyamfi

    2016-05-01

    Full Text Available Emerging stock markets are said to become efficient with time. This study seeks to investigate this assertion by analyzing long - memory persistence in 8 African stock markets covering the period from 28 August 2000 to 28 August 2015. The Hurst exponent is used as our efficiency measure which is evaluated by the Detrended Fluctuation Analysis (DFA. Our findings show strong evidence of long - memory persistence in the markets studied therefore violating the weak - form Efficient Market Hypothesis (EMH.

  16. Global stock market in 1990-s

    Directory of Open Access Journals (Sweden)

    Moshenskyi S.Z.

    2017-08-01

    Full Text Available The 1990s became a period of long-term recovery, the main driving force of which was the high-tech companies of the so-called «new economy», mainly associated with information technology and Internet at the global stock market. Such innovations have led to unrealistic expectations of the profitability of new companies from the sale of goods and services on the Internet. This became a prerequisite for a speculative boom in equity markets in developed financial systems. The boom intensified the mass privatization of state-owned enterprises in UK, Germany, France and some other countries. The capitalization of the global stock market increased more than ten times although the world GDP grew only 2.5 times during two decades, from 1980 to 2000. Though the stock market is the source of capital only in the countries with the Anglo-American model of financial markets (for countries of continental Europe and Japan such sources are bank loans, stock markets increased in all countries with developed financial systems. The systematic analysis of such key indicators as market capitalization and liquidity is required for an objective assessment of such rise in stock markets. But statistical information at stock markets is often not systematized and fragmentary. Therefore, the author (based on the official statistics of such international financial organizations as the Organization for Economic Co-operation and Development and the World Federation of Exchanges has calculated and systematically analyzed capitalization and liquidity as the main indicators of the stock market for the largest countries with developed financial systems (USA, Great Britain, Germany, France, Japan. The paper displays the differences in the mechanisms of attraction of capital determined by the different models of financial markets (decentralized Anglo-American and centralized European as well as the features of the composition of the main investors in the world stock markets.

  17. Stock Price Synchronicity and Material Sustainability Information

    OpenAIRE

    Grewal, Jody; Hauptmann, Clarissa; Serafeim, Georgios

    2017-01-01

    We examine if, and under what conditions, disclosure of sustainability information identified as investor relevant by market-driven innovations in accounting standard-setting, is associated with stock prices reflecting more firm-specific information and thereby lower synchronicity with market and industry returns. We find that firms voluntarily disclosing more sustainability information, identified as material by the Sustainability Accounting Standards Board (SASB), have lower stock price syn...

  18. Managerial Incentives and Stock Price Manipulation

    OpenAIRE

    Peng, Lin; Röell, Ailsa A

    2009-01-01

    This paper presents a rational expectations model of optimal executive compensation in a setting where managers are in a position to manipulate short-term stock prices, and managers' propensity to manipulate is uncertain. Stock-based incentives elicit not only productive effort, but also costly information manipulation. We analyze the tradeoffs involved in conditioning pay on long- versus short-term performance and characterize a second-best optimal compensation scheme. The paper shows manipu...

  19. Econometric Studies of Stock Market Behaviour

    DEFF Research Database (Denmark)

    Rasmussen, Anne-Sofie Reng

    This thesis consists of three sefcontained essays, all centering around the topic of stock market behaviour. The papers focus on the empirical performance of a number of asset pricing models, all attempting to quantify and price asset risk. We look at how well these models actually do in describing...... the historic behaviour of the stock market, allowing us to get further insight into what drives the markes....

  20. Mutual Fund Competition and Stock Market Liquidity

    OpenAIRE

    Massa, Massimo

    2004-01-01

    We study how competition in the mutual fund industry affects stock market liquidity. We argue that mutual fund families operate as multi-product firms, jointly choosing fees, performance and number of funds and sharing common research facilities. The family-based organization generates economies of scale in information that induce a trade off between performance and number of funds. The presence of more and relatively less-informed funds impacts the market, increasing stock liquidity. This in...

  1. Is there stock market efficiency in Malaysia?

    OpenAIRE

    Sui Suyin, Crystal

    2007-01-01

    This study is tests the Malaysian stock exchange, the Kuala Lumpur Stock Exchange (KLSE) for any evidences of efficiency. The approach to carrying out the tests is discussed in careful detail whilst still considering the other aspects of the study. The Efficient Market Hypothesis is explained in detailed as well a discussion on the vast debate concerning the EMH, which includes literature that support and do not support the concept of an efficient market. This debate is situated vitally aroun...

  2. Successful synthesis and thermal stability of immiscible metal Au-Rh, Au-Ir andAu-Ir-Rh nanoalloys

    Science.gov (United States)

    Shubin, Yury; Plyusnin, Pavel; Sharafutdinov, Marat; Makotchenko, Evgenia; Korenev, Sergey

    2017-05-01

    We successfully prepared face-centred cubic nanoalloys in systems of Au-Ir, Au-Rh and Au-Ir-Rh, with large bulk miscibility gaps, in one-run reactions under thermal decomposition of specially synthesised single-source precursors, namely, [AuEn2][Ir(NO2)6], [AuEn2][Ir(NO2)6] х [Rh(NO2)6]1-х and [AuEn2][Rh(NO2)6]. The precursors employed contain all desired metals ‘mixed’ at the atomic level, thus providing significant advantages for obtaining alloys. The observations using high-resolution transmission electron microscopy show that the nanoalloy structures are composed of well-dispersed aggregates of crystalline domains with a mean size of 5 ± 3 nm. Еnergy dispersive x-ray spectroscopy and x-ray powder diffraction (XRD) measurements confirm the formation of AuIr, AuRh, AuIr0.75Rh0.25, AuIr0.50Rh0.50 and AuIr0.25Rh0.75 metastable solid solutions. In situ high-temperature synchrotron XRD (HTXRD) was used to study the formation mechanism of nanoalloys. The observed transformations are described by the ‘conversion chemistry’ mechanism characterised by the primary development of particles comprising atoms of only one type, followed by a chemical reaction resulting in the final formation of a nanoalloy. The obtained metastable nanoalloys exhibit essential thermal stability. Exposure to 180 °C for 30 h does not cause any dealloying process.

  3. Soil contamination. part 1. changes in the humidity of non saturated soils after reject in a limited space. part 2. movements of radioactive ions in non saturated soils after reject in a limited space; Contamination des sols (1. partie). Evolution de l'humidite dans les sols non satures apres rejets sur une surface limitee. (2. partie). Comportement des ions radioactifs dans les sols non satures apres rejets d'eau sur une surface limitee

    Energy Technology Data Exchange (ETDEWEB)

    Rancon, D [Commissariat a l' Energie Atomique, Cadarache (France). Centre d' Etudes Nucleaires

    1972-07-01

    upon the counting rate of radioactivity. This method which have allowed to get various results about {sup 131}I and {sup 85}Sr can be generalized to other radioisotopes and other soils. They are applicable to radiological safety of sites studies : Testing storage plants, estimate of accidents hazards and protection of subterranean waters. (author) [French] II est important, dans les etudes de surete radiologique de sites, de connaitre les mouvements d'eau dans les terrains non satures surmontant la nappe aquifere, cette tranche de terrain aere pouvant servir de protection contre la contamination de la nappe. L'utilisation d'humidimetres a neutrons a permis de construire graphiquement les coupes des etats hydriques du terrain et les evolutions dans le temps du volume du sol mouille a partir d'un rejet affectant une superficie restreinte. On mesure aussi les gradients d'humidite, les cinetiques d'assechement, la capacite de retention du sol et la teneur en eau gravifique suspendue en en equilibre avec la charge d'eau. L'etat hydrique initial influence la vitesse d'infiltration et non la vitesse d'avancement du front d'humectation, on peut donc calculer la quantite d'eau accumulable par le terrain. Apres l'arret du rejet, le volume de sol mouille evolue jusqu'a un etat d'equilibre limite par le front d'humectation, les redistributions d'humidite s'effectuant seulement au sein de ce volume; ainsi, en cas de rejet de liquide radioactif, les ions contaminants resteront confines dans un volume mesurable limite par le front d'humectation. Partie 2. Pour faire suite au rapport sur les mouvements d'eau dans les sols non satures apres rejet sur une surface limitee - CEA R 3635 (1) - on etudie les mouvements des ions radioactifs dans ces sols en utilisant un anion et un cathion caracteristiques: l'iode 131 et le strontium 85. La methode est basee sur la mesure simultanee des fronts d'humidite et d'activite au moyen d'humidimetre a neutrons et d'une sonde d'activite specialement

  4. 17 CFR 240.15g-2 - Penny stock disclosure document relating to the penny stock market.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Penny stock disclosure document relating to the penny stock market. 240.15g-2 Section 240.15g-2 Commodity and Securities Exchanges... Section 15(d) of the Act § 240.15g-2 Penny stock disclosure document relating to the penny stock market...

  5. 12 CFR 221.119 - Applicability of plan-lender provisions to financing of stock options and stock purchase rights...

    Science.gov (United States)

    2010-01-01

    ... experience that in some nonqualified plans, particularly stock purchase plans, the credit arrangement is... financing of stock options and stock purchase rights qualified or restricted under Internal Revenue Code... PURCHASING OR CARRYING MARGIN STOCK (REGULATION U) Interpretations § 221.119 Applicability of plan-lender...

  6. Converting partially-stocked aspen stands to fully-stocked stands in the Lake States: an economic analysis.

    Science.gov (United States)

    Jeffrey T. Olson; Allen L. Lundgren

    1978-01-01

    The 1968 Wisconsin Forest Survey showed large areas of aspen type that are not considered fully stocked. The economic feasibility of converting partially-stocked stands to full stocking is examined, and a rule presented for determining when a partially-stocked stand should be harvested to maximize its present value.

  7. The Electronic Properties and L3 XANES of Au and Nano-Au

    International Nuclear Information System (INIS)

    Yiu, Y.M.; Zhang, P.; Sham, T.K.

    2004-01-01

    The electronic properties of Au crystal and nano Au have been investigated by theory and experiment. Molecularly capped nano-Au was synthesized using the two-phase method. Au nano-particles have been characterized by X-Ray Diffraction (XRD) and Transmission Electron Microscopy (TEM). They retain the fcc crystal structure. Their sizes have been determined to be in a range from 5.5 nm to 1.7 nm. The L3 X-ray Absorption Near Edge Structure (XANES) of nano-Au and Au foil have been recorded using synchrotron radiation, and examined by theoretical calculation based on the first principles. Both theory and experiment show that the nano-Au particles have essentially all the Au L3 XANES features of bulk Au in the near edge region with less pronounced resonance peaks. It is also shown that nano Au exhibits lower 4f binding energy than bulk Au in good agreement with quantum confined Au systems reported previously.

  8. Origin, Nature, Disposal and Control of Radioactive Wastes Arising from the Use of Radioisotopes; Origine, Nature, Elimination et Controle des Dechets Radioactifs Decoulant de l'Emploi des Radioisotopes; 041f 0420 041e 0414 ; Origen, Naturaleza, Evacuacion y Control de los Desechos Radiactivos Producidos en la Utilizacion de Radioisotopos

    Energy Technology Data Exchange (ETDEWEB)

    Kenny, A. W. [Ministry of Housing and Local Government (United Kingdom)

    1960-07-01

    The paper describes the different types of radioactive waste arising from industrial, medical and scientific uses of radioisotopes. An outline is given of methods used for waste disposal, depending on the content of radioactivity. (author) [French] L'auteur decrit les differents types de dechets radioactifs decoulant de l'utilisation de radioisotopes dans l'industrie, en medecine et dans la science. Il donne un apercu des methodes employees pour l'elimination des dechets selon leur teneur en elements radioactifs. (author) [Spanish] En la memoria se describen los diferentes tipos de desechos radiactivos producidos por la utilizacion industrial, medica y cientifica de los radioisotopos y se hace una exposicion de los metodos empleados para la evacuacion de desechos segun su contenido radiactivo. (author) [Russian] V doklade daetsja opisanie razlichnyh tipov radioaktivnyh othodov, voznikajushhih v rezul'tate promyshlennogo, medicinskogo i nauchnogo ispol'zovanija radioizotopov. Osobo razbirajutsja metody, ispol'zuemye dlja udalenija radioaktivnyh othodov v zavisimosti ot ih radioaktivnosti. (author)

  9. Storage and Disposal of Solid Radioactive Waste; Stockage et Evacuation des Dechets Radioactifs Solides; 0425 0420 0414 ; Almacenamiento y Evacuacion de Desechos Radiactivos Solidos

    Energy Technology Data Exchange (ETDEWEB)

    Pomarola, J. [Chef du Bureau Technique, Service de Controle des Radiations et de Genie Radioactif, Commissariat a l' Energie Atomique, Saclay (France)

    1960-07-01

    This paper deals with solutions for the problem of final disposal of solid radioactive waste. I. It is first essential to organize a proper system of temporary storage. II. Final Storage In order to organize final storage, it is necessary to fix, according to the activity and form of the waste, the site and the modes of transport to be used within and outside the nuclear centre. The choice of solutions follows from the foregoing essentials. The paper then considers, in turn, final storage, on the ground, in the sub-soil and in the sea. Economic considerations are an important factor in determining the choice of solution. (author) [French] La presente communication a pour objet les solutions envisagees pour une destination finale des dechets radioactifs solides. I - Il est tout d'abord necessaire de prevoir un stockage provisoire organise. II - Stockage definitif: La realisation d'un stockage definitif rend necessaire, en fonction de l'activite et du conditionnement des dechets, la definition: - du site et des modes de transports envisages a l'interieur et a l'exterieur des Centres Nucleaires. Le choix des solutions decoule des imperatifs ci-dessus et on examine successivement le stockage definitif: - sur le sol, - dans le sous-sol, - en mer. Les considerations d'ordre economique constituent un facteur important dans le choix de la solution. (author) [Spanish] El autor de la memoria estudia las diferentes soluciones previstas para la evacuacion definitiva de los desechos radiactivos solidos. I - Antes que nada hay que preparar un almacenamiento provisional organizado. II - Evacuacion definitiva : Para organizar la evacuacion definitiva es necesario definir antes, en funcion de la actividad y acondicionamiento de los desechos: - el emplazamiento y la forma de transporte que se piensa utilizar en el interior y en el exterior de los centros nucleares. La eleccion de las diversas soluciones depende de las dos condiciones mencionadas; el autor examina sucesivamente la

  10. Stock prices forecasting based on wavelet neural networks with PSO

    OpenAIRE

    Wang Kai-Cheng; Yang Chi-I; Chang Kuei-Fang

    2017-01-01

    This research examines the forecasting performance of wavelet neural network (WNN) model using published stock data obtained from Financial Times Stock Exchange (FTSE) Taiwan Stock Exchange (TWSE) 50 index, also known as Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX), hereinafter referred to as Taiwan 50. Our WNN model uses particle swarm optimization (PSO) to choose the appropriate initial network values for different companies. The findings come with two advantages. First...

  11. Stock-based Compensation Plans and Employee Incentives

    OpenAIRE

    Jan Zabojnik

    2014-01-01

    Standard principal-agent theory predicts that large firms should not use employee stock options and other stock-based compensation to provide incentives to non-executive employees. Yet, business practitioners appear to believe that stock-based compensation improves incentives, and mounting empirical evidence points to the same conclusion. This paper provides an explanation for why stock-based incentives can be effective. In the model of this paper, employee stock options complement individual...

  12. Forecast Correlation Coefficient Matrix of Stock Returns in Portfolio Analysis

    OpenAIRE

    Zhao, Feng

    2013-01-01

    In Modern Portfolio Theory, the correlation coefficients decide the risk of a set of stocks in the portfolio. So, to understand the correlation coefficients between returns of stocks, is a challenge but is very important for the portfolio management. Usually, the stocks with small correlation coefficients or even negative correlation coefficients are preferred. One can calculate the correlation coefficients of stock returns based on the historical stock data. However, in order to control the ...

  13. Which stocks are profitable? A network method to investigate the effects of network structure on stock returns

    Science.gov (United States)

    Chen, Kun; Luo, Peng; Sun, Bianxia; Wang, Huaiqing

    2015-10-01

    According to asset pricing theory, a stock's expected returns are determined by its exposure to systematic risk. In this paper, we propose a new method for analyzing the interaction effects among industries and stocks on stock returns. We construct a complex network based on correlations of abnormal stock returns and use centrality and modularity, two popular measures in social science, to determine the effect of interconnections on industry and stock returns. Supported by previous studies, our findings indicate that a relationship exists between inter-industry closeness and industry returns and between stock centrality and stock returns. The theoretical and practical contributions of these findings are discussed.

  14. L’olivier au Maroc

    Directory of Open Access Journals (Sweden)

    El Mouhtadi Issam

    2014-03-01

    Full Text Available L’olivier est une culture traditionnelle sur le pourtour de la Méditerranée. Il est donc naturel de trouver cet arbre au Maroc où il est présent depuis des siècles. Cultivé surtout traditionnellement jusqu’à ses dernières années, il fait l’objet maintenant d’un plan de valorisation très ambitieux pour non seulement garder le Royaume à son niveau actuel (2e producteur mondial pour l’olive de conserve et 6e pour l’huile d’olive mais pour conquérir de nouveaux marchés au niveau mondial et profiter ainsi de l’engouement que connaît cette huile reconnue pour ses bienfaits. Le plan national « Maroc Vert » permet ainsi, grâce à des subventions conséquentes, non seulement de renouveler les vergers existant avec la variété traditionnelle picholine du Maroc, mais également la plantation de nouvelles variétés en super-intensif dans le but d’industrialiser au maximum de nouveaux vergers. Il en est de même pour la transformation des olives en huile de bonne qualité avec la mise en place d’unités de trituration modernes qui doivent supplanter à terme la multitude de « maâsra » et réduire ainsi l’impact environnemental dû aux margines. L’olive ne sera plus dans l’avenir que représentée par son huile et ses formes comestibles, mais les résidus de son extraction seront valorisés soit sous forme de combustible élaboré pour le grignon, soit sous forme d’une base de chimie verte pour les sous-produits du raffinage. D’autres applications sont actuellement à l’étude, car le Maroc à compris, comme tous les autres grands pays producteurs, que l’olive était un nouveau gisement de richesses.

  15. Travailler avec Windows 7 au CERN (FR)

    CERN Multimedia

    CERN. Geneva

    2010-01-01

    Vue d'ensemble des nouveaux concepts et des changements dans l'interface utilisateur survenus dans Windows 7 depuis les versions antérieures de Windows (XP ou Vista). La mise à disposition de Windows 7 au CERN et son intégration dans l’infrastructure de Windows au CERN seront présentées.

  16. Becoming independent through au pair migration

    DEFF Research Database (Denmark)

    Dalgas, Karina Märcher

    2015-01-01

    . This article argues that, despite this critique, au pairing does play an important formative role for young Filipinas because it opens up for experiences abroad that enable them to be recognised as independent adults in Philippine society. Rather than autonomy, however, au pairs define their independence...

  17. Study of Au+Au relativistic collisions with the Fopi-Phase I detector; Etude des collisions relativistes Au+Au avec le detecteur Fopi-Phase I

    Energy Technology Data Exchange (ETDEWEB)

    Dupieux, P

    1995-01-01

    Au+Au relativistic collisions, in a 100-1000 MeV energy domain per nucleon, are described. Experiments have been carried out with the SIS accelerator at GSI/Darmstadt. Data are analysed with the FOPI-phase I detector. These data are compared with IQMD model (Isospin Quantum Molecular Dynamics) Predictions. (S.G). 80 refs., 77 figs., 5 tabs.

  18. Forage mass and stocking rate of elephant grass pastures managed under agroecological and conventional systems

    Directory of Open Access Journals (Sweden)

    Clair Jorge Olivo

    2014-06-01

    Full Text Available The objective was to evaluate elephant grass (Pennisetum purpureum Schum. pastures, under the agroecological and conventional systems, as forage mass and stocking rate. In the agroecological system, the elephant grass was established in rows spaced by 3.0 m from each other. During the cool season ryegrass (Lolium multiflorum Lam. was established between these rows, which allowed the development of spontaneous growth species during the warm season. In the conventional system the elephant grass was established singularly in rows spaced 1.4 m from each other. Organic and chemical fertilizers were applied at 150 kg of N/ha/year with in the pastures under agroecological and conventional systems, respectively. Lactating Holstein cows which received 5.0 kg/day supplementary concentrate feed were used for evaluation. The experimental design was completely randomized, with two treatments (agroecological and conventional systems two replications (paddocks and independent evaluations (grazing cycles. The pastures were used during the whole year for the agroecological system and for 195 days in the conventional year. The average values of forage mass were 3.5 and 4.2 t/ha and the stocking rates were 2.08 and 3.23 AU/ha for the respective systems. The results suggest that the use of the elephant grass under the agroecological system allows for best distribution of forage and stocking rate to be more uniform throughout the year than the use of elephant grass in conventional system.

  19. Stocks and energy shocks : the impact of energy accidents on stock market value

    NARCIS (Netherlands)

    Scholtens, B.; Boersen, A.

    We investigate how financial market participants value energy accidents. We employ an event study to look into the response of stock markets to 209 accidents. These accidents were derived from Sovacool's (2008) database on major energy accidents from 1907 to 2007. It appears that the stock market in

  20. The Difference Between Stock Splits and Stock Dividends - Evidence from Denmark

    DEFF Research Database (Denmark)

    Raaballe, Johannes; Bechmann, Ken L.

    2007-01-01

    splits is closely related to changes in a firm's payout policy, but that the relationship differs for the two types of events. A stock dividend implies an increase in nominal share capital and hence a decrease in retained earnings. Firms announcing stock dividends finance growth entirely by debt...

  1. ADVISABILITY OF MERGING THE BUCHAREST STOCK EXCHANGE AND THE SIBIU MONETARYFINANCIAL AND STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Aura Dudas

    2011-01-01

    Full Text Available Analysis of performances of local stock exchanges in the latest years points out thenecessity of increasing the visibility of the local capital market in the regional andEuropean landscape. A single stock market may have the effect of increased credibility,giving thus an impulse to the number of new listings and of new investors.

  2. English for au pairs the au pair's guide to learning English

    CERN Document Server

    Curtis, Lucy

    2014-01-01

    English for Au Pairs has interlinked stories about a group of au pairs new to England. Marta, an 18-year-old from Poland arrives in the UK to work as an au pair. Throughout her year-long stay she has many different experiences - some bad, some good - but with the support of her host family she finds new friends and improves her English. English for Au Pairs offers insight into the joys and difficulties of being an au pair while at the same time reinforcing English language learning through grammar explanations and exercises.

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

    Science.gov (United States)

    Lahmiri, Salim

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

  4. CSR and Company's Stock Price. A Comparative Evidence from Bucharest Stock Exchange

    Directory of Open Access Journals (Sweden)

    Adina Dornean

    2017-05-01

    Full Text Available This paper aims at analysing the relationship between Corporate Social Responsibility (CSR and stock price for the companies listed on Bucharest Stock Exchange (BSE in 2015, comparing with the results obtained for 2014. This study investigates the differences in the market stock price (and other market variables, such as dividends and stock return of companies that show CSR compared with those that do not. For this purpose we will use three statistical techniques: discriminant analysis, probit analysis model and logistic regression. There is no significant difference between the prediction ability of the models, in the context in which probit model and logistic regression have and average correct classification of 70.29%, while discriminant analysis records 71.62%. Our analysis highlighted that stock return has a significant impact on CSR activities of a company. Moreover, all discriminants have a positive impact on CSR.

  5. Crude oil price shocks and stock returns. Evidence from Turkish stock market under global liquidity conditions

    Energy Technology Data Exchange (ETDEWEB)

    Berk, Istemi [Koeln Univ. (Germany). Energiewirtschaftliches Inst.; Aydogan, Berna [Izmir Univ. of Economics (Turkey). Dept. of International Trade and Finance

    2012-09-15

    The purpose of this study is to investigate the impacts of crude oil price variations on the Turkish stock market returns. We have employed vector autoregression (V AR) model using daily observations of Brent crude oil prices and Istanbul Stock Exchange National Index (ISE- 1 00) returns for the period between January 2, 1990 and November 1, 2011. We have also tested the relationship between oil prices and stock market returns under global liquidity conditions by incorporating a liquidity proxy variable, Chicago Board of Exchange's (CBOE) S and P 500 market volatility index (VIX), into the model. Variance decomposition test results suggest little empirical evidence that crude oil price shocks have been rationally evaluated in the Turkish stock market. Rather, it was global liquidity conditions that were found to account for the greatest amount of variation in stock market returns.

  6. New Research Required in Support of Radioactive Waste Disposal; Recherches Nouvelles Necessitees par le Probleme de l'Elimination des Dechets Radioactifs; 041d 0415 041e 0411 0425 041e 0414 ; Nuevas Investigaciones Necesarias para la Evacuacion de Desechos Radiactivos

    Energy Technology Data Exchange (ETDEWEB)

    Schaefer, Milner B. [Inter-American Tropical Tuna Commission, Scripps Institution of Oceanography, La Jolla, CA (United States)

    1960-07-01

    foraines typiques, sur les processus de diffusion et de sedimentation dans les eaux proches du rivage et sur le passage des elements radioactifs tout le long de la chaine alimentaire dans cette partie de la mer. Il faut entreprendre des recherches pour delimiter les zones de peche presentes et eventuelles et les zones ou la peche ne se fait pas, en procedant a des etudes fondamentales sur la productivite biologique ou en recourant a d'autres moyens. Des etudes sont egalement necessaires pour determiner les taux de transfert de matieres radioactives entre les diverses zones par amenee hori-zontale et par diffusion turbulente, les taux de dilution par diffusion, sedimentation et transport vertical, et les taux d'entrainement et de transfert par les organismes. Une recherche s'impose en ce qui concerne les moyens efficaces de controle des zones d'evacuation des dechets. Certains organismes sont capables de concentrer selectivement des elements determines ;1 cette capacite constitue une base economique eventuelle pour le controle des dechets radioactifs existant dans la mer a des concentrations extremement faibles. Des propositions precises de recherche ont ete recemment mises au point par plusieurs groupes d'oceanographes aux Etats-Unis. Ces propositions ont ete resumees en meme temps que les estimations de. depenses y afferentes. (author) [Spanish] Numerosos son los procesos fisicos, quimicos y biologicos que influyen en la forma en que las sustancias radiactivas se distribuyen y vuelven al hombre. Entre ellos figuran la conveccion vertical y horizontal; la difusion turbulenta; la precipitacion y sedimentacion; la captacion, concentracion y transporte de los materiales radiactivos por organismos, y su paso al hombre por ingestion de alimentos de origen marino. Hay que estudiar urgentemente las caracteristicas del flujo y reflujo de las aguas en puertos tipicos, estuarios y aguas costeras abiertas ; los procesos de difusion y sedimentacion en las aguas costeras, y el paso de

  7. Use of radioactive tracers in studying the transport of solids in watercourses; Emploi de traceurs radioactifs pour l'etude du transport solide dans les cours d'eau; Ispol'zovanie radioaktivnykh indikatorov dlya izucheniya peremeshcheniya tverdykh chastits v vodnykh potokakh; Empleo de indicadores radiactivos para el estudio del transporte de solidos en las corrientes de agua

    Energy Technology Data Exchange (ETDEWEB)

    Courtois, G [Centre d' Etudes Nucleaires de Saclay (France); Jaeery, P; Heuzel, M [Laboratoire National d' Hydraulique de Chatou (France)

    1962-01-15

    The National Hydraulics Laboratory which, in collaboration with the Saclay Nuclear Research Centre, has for several years been devising equipment and techniques for the study of sediment movements by the radioactive tracer method, is now endeavouring to develop a really quantitative method of research. Two river experiments were recently made, the first a study of shingle drifting in the Rhone, the second a study of sand movement in the Niger. The latter experiment was matched by identical experiments carried out on a scale model of the River Niger which the Chatou Laboratory has at its disposal. The experiments used Mn{sup 56} and Na{sup 24} radiation obtained by direct activation of crushed apricot stone, this representing in the scale model the natural sediment of the Niger bed. The Chatou Laboratory and the Saclay Nuclear Study Centre are at present both devoting attention to the application of radioactive tracers in studies with scale models, with the twin aims of: (a) Obtaining a single research tool for use under natural conditions and with scale models in order to gauge the trustworthiness of the model, in the calibration testing stage; (b) Taking advantage of the facilities for direct observation and measurement offered by scale models in order to study prospects of improving the tracer method, with a view particularly to securing quantitative data. (author) [French] Le Laboratoire national d'hydraulique, qui depuis quelques annees a developpe, en collaboration avec le Centre d'etudes nucleaires de Saclay, les appareillages et les techniques d'etudes des mouvements de sediments par la methode des traceurs radioactifs, s'efforce actuellement de mettre au point un moyen d'investigation veritablement quantitatif. Deux experiences ont ete effectuees recemment en riviere, la premiere a ete consacree a l'etude du charriage des galets dans le Rhone, l'autre a l'etude des transports de sables dans le Niger. Cette derniere experience a ete doublee d

  8. Theoretical prediction of the noble gas complexes HeAuF and NeAuF

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    Ab initio calculations were carried out to investigate the structures and the stability of the noble gas complexes HeAuF and NeAuF through MP2 and CCSD(T) methods.The HeAuF was predicted to have a linear structure with weak He-Au covalent bonding,the distance of which is closer to the covalent limit in comparison with the corresponding van der Waals limit.The dissociation energy with respect to He + AuF was found to be 24 and 26 kJ·mol-1 at the CCSD(T)/basis set B and B’ levels,respectively.However,similar calculations for NeAuF indicate that NeAuF is not a stable species.

  9. Au, Ag and Au:Ag colloidal nanoparticles synthesized by pulsed laser ablation as SERS substrates

    Directory of Open Access Journals (Sweden)

    M. Vinod

    2014-12-01

    Full Text Available Chemically pure colloidal suspensions of gold and silver nanoparticles were synthesized using pulsed laser ablation. The dependence of laser fluence on the surface plasmon characteristics of the nanoparticles was investigated. Au:Ag colloidal suspensions were prepared by mixing highly monodisperse Au and Ag nanocolloids. The plasmon band of these mixtures was found to be highly sensitive to Au:Ag concentration ratio and wavelength of the laser beam used in the ablation process. The Au:Ag mixture consists of almost spherical shaped nanostructures with a tendency to join with adjacent ones. The surface enhanced Raman scattering activity of the Au, Ag and Au:Ag colloidal suspensions was tested using crystal violet as probe molecules. Enhancement in Raman signal obtained with Au:Ag substrates was found to be promising and strongly depends on its plasmon characteristics.

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

    Science.gov (United States)

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

    2018-01-01

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

  11. Treatment of Radioactive Effluents at the Saclay Nuclear Research Centre; Traitement des Effluents Radioactifs au Centre d'Etudes Nucleaires de Saclay; 041e 0414 ; Tratamiento de los Efluentes Radiactivos en el Centro de Energia Nuclear de Saclay

    Energy Technology Data Exchange (ETDEWEB)

    Wormser, G. [Service de Controle des Radiations et de Genie Radioactif, Commissariat a l' Energie Atomique, Saclay (France)

    1960-07-01

    The Report Gives The Account Of Four Years' Experience In Operating The Treatment Plant For Effluents From The Saclay Nuclear Research Centre. It Contains Data Relating To The Origin, Volume And Treatment Of Waste. (author) [French] Ce rapport presente un bilan d'exploitation de l'installation de traitement des effluents du Centre d'etudes nucleaires de Saclay depuis quatre ans. On donne des chiffres concernant l'origine des residus, leur volume, leur traitement. (author) [Spanish] El autor hace un balance de explotacion de la instalacion de tratamiento de efluentes del centro de Saclay desde hace cuatro anos, dando las cifras correspondientes al origen de los residuos, a su volumen y a su tratamiento. (author) [Russian] V jetom dokumente podvoditsja itog chetyrehletnej jekspluatacii ustanovki po obrabotke zhidkih othotov v Centre jadernyh issledovanij v Sakle. V doklade privodjatsja dannye o proishozhdenii othodov, jh ob'eme i obrabotke. (author)

  12. Impact of cementitious materials decalcification on transfer properties: application to radioactive waste deep repository; Influence de la decalcification de materiaux cimentaires sur les proprietes de transfert: application au stockage profond de dechets radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    Perlot, C

    2005-09-15

    Cementitious materials have been selected to compose the engineering barrier system (EBS) of the French radioactive waste deep repository, because of concrete physico-chemical properties: the hydrates of the cementitious matrix and the pH of the pore solution contribute to radionuclides retention; furthermore the compactness of these materials limits elements transport. The confinement capacity of the system has to be assessed while a period at least equivalent to waste activity (up to 100.000 years). His durability was sustained by the evolution of transfer properties in accordance with cementitious materials decalcification, alteration that expresses structure long-term behavior. Then, two degradation modes were carried out, taking into account the different physical and chemical solicitations imposed by the host formation. The first mode, a static one, was an accelerated decalcification test using nitrate ammonium solution. It replicates the EBS alteration dues to underground water. Degradation kinetic was estimated by the amount of calcium leached and the measurement of the calcium hydroxide dissolution front. To evaluate the decalcification impact, samples were characterized before and after degradation in term of microstructure (porosity, pores size distribution) and of transfer properties (diffusivity, gas and water permeability). The influence of cement nature (ordinary Portland cement, blended cement) and aggregates type (lime or siliceous) was observed: experiments were repeated on different mortars mixes. On this occasion, an essential reflection on this test metrology was led. The second mode, a dynamical degradation, was performed with an environmental permeameter. It recreates the EBS solicitations ensured during the re-saturation period, distinguished by the hydraulic pressure imposed by the geologic layer and the waste exothermicity. This apparatus, based on triaxial cell functioning, allows applying on samples pressure drop between 2 and 10 MPa and temperature from 20 to 80 C. Water permeability evolution relating to experimental parameters, uncoupled or coupled, was relied to mortars microstructural modifications. (author)

  13. Experimental study of mechanical behaviour of a clay-stone: application to nuclear waste disposals; Etude experimentale du comportement mecanique d'argiles raides: application au stockage de dechets radio-actifs

    Energy Technology Data Exchange (ETDEWEB)

    Chiarelli, A.S. [Laboratoire de Materiaux et Sciences des Constructions, UPRES JE 2200, IUP Genie Civil et Infrastructures, 95 - Cergy Pontoise (France); Shao, J.F. [Laboratoire de Mecanique de Lille, URA CNRS 1441, EUDIL, 59 - Villeneuve d' Ascq (France); Ledesert, B. [Laboratoire de Sedimentologie et Geodynamique, FRE 2255, 59 - Villeneuve d' Ascq (France); Hoteit, N. [Agence Nationale pour la Gestion des Dechets Nucleaires (ANDRA), 92 - Chatenay Malabry (France)

    2001-02-01

    A study of mechanical behaviour of deep argillaceous rocks from East of France, the 'argilites de l'Est' as a potential host rock for radioactive waste disposal studied by ANDRA, (french national radioactive waste management agency) is presented. Some uniaxial and triaxial compression tests with unloading-reloading cycles were realised on samples from three different depths. Important plastic strains associated to directional degradation of elastic properties show that the two principles strain mechanisms are plasticity and induced anisotropic damage. At microscopic scale, it is related to sliding of clay sheets and oriented microcracks. The influence of mineralogy is that brittle behaviour is more important with calcite while it decreases with clay. (authors)

  14. Fabrication, characterization and radiation damage stability of hollandite based ceramics devoted to radioactive immobilisation; Synthese, caracterisation et etude du comportement sous irradiation electronique de matrices de type hollandite destinees au confinement du cesium radioactif

    Energy Technology Data Exchange (ETDEWEB)

    Aubin-Chevaldonnet, V. [CEA Valrho, Dir. de l' Energie Nucleaire (DEN/DETCD/SCDV), Dept. d' Etudes du Traitement et du Conditionnement des Dechets, Service de Conditionnement des Dechets et Vitrification, 30 - Marcoule (France)

    2004-11-01

    Research on treating specifically the long-lived and high level nuclear wastes, notably cesium, is currently carried out in France. Cesium immobilization in host matrices of high chemical durability constitutes the favoured option. Hollandite matrix is a good candidate because of its high cesium incorporation ability and its excellent chemical stability. During this study, different compositions of hollandite ceramics Ba{sub x}Cs{sub y}C{sub z}Ti{sub 8-z}O{sub 16} (C = Al{sup 3+}, Cr{sup 3+}, Ga{sup 3+}, Fe{sup 3+}, Mg{sup 2+}, Sc{sup 3+}), synthesized by oxide route, were characterized in terms of structure, microstructure and physical and chemical properties. Iron ions seems to be the most suitable of the studied C cations to get high-performance hollandites. The stability of these ceramics under external electron irradiation, simulating the {beta} particles emitted by radioactive cesium, were also estimated, at the macroscopic and atomic scale. The point defects creation and their thermal stability were followed by electron paramagnetic resonance. (author)

  15. The reactivity of clay materials in a context of metallic corrosion: application to disposal of radioactive wastes in deep argillaceous formations; Reactivite des materiaux argileux dans un contexte de corrosion metallique: application au stockage des dechets radioactifs en site argileux

    Energy Technology Data Exchange (ETDEWEB)

    Perronnet, M

    2004-10-15

    In order to confine radioactive wastes in deep settings, it is envisaged to use some natural clay materials and bentonites. Their stability when in contact with metallic iron, main component of the canisters, is studied. These studies show that the reactivity of such materials is mainly controlled by those of their di-octahedral smectites and kaolinites. On the contrary, the presence of sulfides stops the Fe(0)-clays reaction. The kind of reaction products depends on the quantity of available metallic iron. When pH is over 7, the Fe(0) is oxidized consecutive to a physical contact with the oxidant agents of the smectite (H{sup +}, OH{sup -} et Fe{sup 3+}). This reaction is favored by the heterogeneities of the lateral surfaces of the smectite, which then describes a micro-environments in which some serpentines grow up if the iron supply is sufficient. Such new-crystallization imply a decrease of the confinement properties of the clay barrier. (author)

  16. Fractal patterns in Stock Intertrading Times

    Science.gov (United States)

    White, Ainslie; Lee, Youngki; Ivanov, Plamen Ch.

    2003-03-01

    We study intertrades times (ITT) of stock trades of a range of companies included in the New York Stock Exchange's Trades and Quotes (TAQ) database. The time between transactions is an indicator of the dynamics of the market, and in the field of econometrics, intertrade durations play a key role in the understanding of the market activity and microstructure. Previous work has mainly focused on the properties of price changes of individual company stocks as well as global financial indices (e.g. SP500, DJ etc.). We hypothesize that there is a relation between the dynamics of price change and the trading activity. To investigate this relation we first study the statistical features of ITT data. The TAQ database covers all transactions on the NSE, AMEX, NASDAQ and the US regional exchanges. We have performed a preliminary analysis of 100 company stocks from a range of industries of the US economy selecting predominantly those companies which have large market capitalisations (MC). We focus on companies with large MC, since the dynamics of the price change and trading activity of stocks of such companies has a considerable impact on the market behaviour.

  17. Changing recruitment capacity in global fish stocks.

    Science.gov (United States)

    Britten, Gregory L; Dowd, Michael; Worm, Boris

    2016-01-05

    Marine fish and invertebrates are shifting their regional and global distributions in response to climate change, but it is unclear whether their productivity is being affected as well. Here we tested for time-varying trends in biological productivity parameters across 262 fish stocks of 127 species in 39 large marine ecosystems and high-seas areas (hereafter LMEs). This global meta-analysis revealed widespread changes in the relationship between spawning stock size and the production of juvenile offspring (recruitment), suggesting fundamental biological change in fish stock productivity at early life stages. Across regions, we estimate that average recruitment capacity has declined at a rate approximately equal to 3% of the historical maximum per decade. However, we observed large variability among stocks and regions; for example, highly negative trends in the North Atlantic contrast with more neutral patterns in the North Pacific. The extent of biological change in each LME was significantly related to observed changes in phytoplankton chlorophyll concentration and the intensity of historical overfishing in that ecosystem. We conclude that both environmental changes and chronic overfishing have already affected the productive capacity of many stocks at the recruitment stage of the life cycle. These results provide a baseline for ecosystem-based fisheries management and may help adjust expectations for future food production from the oceans.

  18. Spillovers among regional and international stock markets

    Science.gov (United States)

    Huen, Tan Bee; Arsad, Zainudin; Chun, Ooi Po

    2014-07-01

    Realizing the greater risk by the increase in the level of financial market integration, this study investigates the dynamic of international and regional stock markets co-movement among Asian countries with the world leading market, the US. The data utilized in this study comprises of weekly closing prices for four stock indices, that consists of two developing markets (Malaysia and China) and two developed markets (Japan and the US), and encompasses the period from January 1996 to December 2012. Multivariate Generalized Autoregressive Conditional Heteroscedasticity (MGARCH) model with the BEKK parameterization is employed to investigate the mean and volatility spillover effects among the selected stock indices. The results show significant mean spillover not only from the larger developed markets to smaller developing markets but also from the smaller developing markets to larger developed markets. Volatility spillover between the developed markets is found to be smaller than that between the developing markets. Conditional correlations among the stock markets are found to increase over the sample period. The findings of significant mean and volatility spillovers are considered as bad news for international investors as it reduces the benefit from portfolio diversification but act as useful information for investors to be more aware in diversifying their investment or stock selection.

  19. Using the Stock Market to Teach Physics

    Science.gov (United States)

    Faux, David A.; Hearn, Stephen

    2004-11-01

    Students are interested in money. Personal finance is an important issue for most students, especially as they move into university education and take a greater control of their own finances. Many are also interested in stock markets and their ability to allow someone to make, and lose, large sums of money, with their interest fueled by the boom in technology-based stocks of 2000/2001 followed by their subsequent dramatic collapse and the publicizing of so-called "rogue-traders." There is also a much greater ownership of stocks by families following public offerings, stock-based savings products, and the ability to trade stocks online. Consequently, there has been a steady growth of finance and finance-related courses available within degree programs in response to the student demand, with many students motivated by the huge salaries commanded by those with a successful career in the financial sector. We report here details of a joint project between Charterhouse School and the University of Surrey designed to exploit the excitement of finance to teach elements of the high school (age 16-18) curriculum through modeling and simulation.

  20. 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.

  1. Long memory in the Croatian and Hungarian stock market returns

    Directory of Open Access Journals (Sweden)

    Silvo Dajčman

    2012-06-01

    Full Text Available The objective of this paper is to analyze and compare the fractal structure of the Croatian and Hungarian stock market returns. The presence of long memory components in asset returns provides evidence against the weak-form of stock market efficiency. The starting working hypothesis that there is no long memory in the Croatian and Hungarian stock market returns is tested by applying the Kwiatkowski-Phillips-Schmidt-Shin (KPSS (1992 test, Lo’s (1991 modified rescaled range (R/S test, and the wavelet ordinary least squares (WOLS estimator of Jensen (1999. The research showed that the WOLS estimator may lead to different conclusions regarding long memory presence in the stock returns from the KPSS and unit root tests or Lo’s R/S test. Furthermore, it proved that the fractal structure of individual stock returns may be masked in aggregated stock market returns (i.e. in returns of stock index. The main finding of the paper is that both the Croatian stock index Crobex and individual stocks in this index exhibit long memory. Long memory is identified for some stocks in the Hungarian stock market as well, but not for the stock market index BUX. Based on the results of the long memory tests, it can be concluded that while the Hungarian stock market is weakform efficient, the Croatian stock market is not.

  2. THE PLACE OF BUCHAREST STOCK EXCHANGE AMONGST THE CAPITAL MARKETS FROM CENTRAL AND EASTERN EUROPE

    OpenAIRE

    Iulia-Oana Stefan

    2015-01-01

    This study performs a thorough comparative analysis over the last five years on the activity of Bucharest Stock Exchange compared to that of the major stock exchanges in Central and Eastern Europe, respectively, the Bulgarian Stock Exchange, the Bratislava Stock Exchange, the CEESEG Budapest Stock Exchange, the CEESEG Ljubljana Stock Exchange, the CEESEG Prague Stock Exchange and the Warsaw Stock Exchange. Thus, through a correlated interpretation of both the evolution of the main stock marke...

  3. Determination of the exchange capacity of soils using radio-strontium; Determination de la capacite d'echange des sols au moyen du radio-strontium

    Energy Technology Data Exchange (ETDEWEB)

    Grauby, A; Saas, A [Commissariat a l' Energie Atomique, Saclay (France). Centre d' Etudes Nucleaires

    1964-07-01

    In order to improve the technique and in particular to reduce the time required for measuring the exchange capacity of soils, the authors have developed a rapid measurement method based on the use of radio-active tracers. The element chosen for showing the occurrence of exchangeable bases is radio-strontium; it can displace the ions Ca{sup ++}, Mg{sup ++}, Na{sup ++}, K{sup +} from the soil. The use of a de-sorbent, barium chloride, makes it possible to recover the strontium fixed. A comparison of the results obtained using the two methods appears to be very satisfactory. The conventional method requires from 1 1/2 to 2 days - the radio-strontium method requires only 3 hours with the possibility also of carrying out large series of measurements. (authors) [French] Pour ameliorer la technique et surtout reduire le temps de manipulation que necessite la mesure de la capacite d'echange des sols, les auteurs ont mis au point une methode de mesure rapide qui fait appel aux traceurs radioactifs. C'est le radio-strontium qui a ete choisi pour la mise en evidence des bases echangeables. Il permet de deplacer les ions Ca{sup ++}, Mg{sup ++}, Na{sup ++}, K{sup +} du sol. Un desorbant, le chlorure de baryum, permet de recuperer la quantite du strontium fixe. La comparaison des resultats obtenus par les deux methodes semble tres satisfaisante. La methode classique necessite 1 jour et demi a 2 jours - la methode radiostrontium exige seulement 3 heures avec la possibilite de grandes series. (auteurs)

  4. Optimization Stock Portfolio With Mean-Variance and Linear Programming: Case In Indonesia Stock Market

    Directory of Open Access Journals (Sweden)

    Yen Sun

    2010-05-01

    Full Text Available It is observed that the number of Indonesia’s domestic investor who involved in the stock exchange is very less compare to its total number of population (only about 0.1%. As a result, Indonesia Stock Exchange (IDX is highly affected by foreign investor that can threat the economy. Domestic investor tends to invest in risk-free asset such as deposit in the bank since they are not familiar yet with the stock market and anxious about the risk (risk-averse type of investor. Therefore, it is important to educate domestic investor to involve in the stock exchange. Investing in portfolio of stock is one of the best choices for risk-averse investor (such as Indonesia domestic investor since it offers lower risk for a given level of return. This paper studies the optimization of Indonesian stock portfolio. The data is the historical return of 10 stocks of LQ 45 for 5 time series (January 2004 – December 2008. It will be focus on selecting stocks into a portfolio, setting 10 of stock portfolios using mean variance method combining with the linear programming (solver. Furthermore, based on Efficient Frontier concept and Sharpe measurement, there will be one stock portfolio picked as an optimum Portfolio (Namely Portfolio G. Then, Performance of portfolio G will be evaluated by using Sharpe, Treynor and Jensen Measurement to show whether the return of Portfolio G exceeds the market return. This paper also illustrates how the stock composition of the Optimum Portfolio (G succeeds to predict the portfolio return in the future (5th January – 3rd April 2009. The result of the study observed that optimization portfolio using Mean-Variance (consistent with Markowitz theory combine with linear programming can be applied into Indonesia stock’s portfolio. All the measurements (Sharpe, Jensen, and Treynor show that the portfolio G is a superior portfolio. It is also been found that the composition (weights stocks of optimum portfolio (G can be used to

  5. Stabilisation en pression et en température du champ magnétique dans le piège à ions de précision d’ISOLTRAP au CERN

    CERN Document Server

    MARIE-JEANNE, M; BAN, G

    2005-01-01

    L’expérience ISOLTRAP, à ISOLDE au CERN, utilise la mesure de la fréquence cyclotron dans un piège de Penning pour en déduire avec une haute précision la masse des ions radioactifs produits par l’installation ISOLDE. Pour cette mesure de masse, une bonne homogénéité du champ magnétique au cours du temps est requise dans le piège. Or l’étude de l’erreur systématique a montré l’existence d’une dérive du champ magnétique en fonction du temps, à laquelle se superposent des fluctuations dépendant de la température. La courbe de dérive linéaire en fonction du temps ayant été évaluée, on souhaite mettre en place un système de régulation permettant d’atténuer les fluctuations du champ magnétique liées aux variations de la température. Ce dispositif constituera une amélioration technique pouvant conduire à la réduction de l’erreur systématique sur la mesure de masse. Ce rapport détaille l’installation d’un système de régulation de la pression de l’hélium ser...

  6. THE STEEL EUROPEAN STOCK MARKET EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Viorica CHIRILA

    2015-12-01

    Full Text Available Testing the hypothesis of informational efficiency is a permanent preoccupation of researchers because the theories and the models of modern finance are based on it. This paper presents the results obtained after testing the efficiency hypothesis, in the weak form, for the European stock market of the companies that belong to the economic steel sub-sector. Following the use of both linear and non-linear tests of autocorrelation of returns we can conclude that the European stock market in the economic steel sub-sector is inefficient from an informational point of view and the investors in these stocks may obtain better results than those of the European market in general.

  7. Flight to Safety from European Stock Markets

    DEFF Research Database (Denmark)

    Aslanidis, Nektarios; Christiansen, Charlotte

    -return trade-off is positive and during flight-to-safety episodes it is negative. The effects of flight-to-safety episodes on the risk-return trade-off are qualitatively similar for own country flight-to-safety episodes, for flight from own country stock market to the US bond market, and for US flight......This paper investigates flight-to-safety from stocks to bonds in seven European markets. We use quantile regressions to identify flight-to-safety episodes. The simple risk-return trade-off on the stock markets is negative which is caused by flight-to-safety episodes: During normal periods, the risk...

  8. An Intelligent Model for Stock Market Prediction

    Directory of Open Access Journals (Sweden)

    IbrahimM. Hamed

    2012-08-01

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

  9. Quantifying Stock Return Distributions in Financial Markets.

    Science.gov (United States)

    Botta, Federico; Moat, Helen Susannah; Stanley, H Eugene; Preis, Tobias

    2015-01-01

    Being able to quantify the probability of large price changes in stock markets is of crucial importance in understanding financial crises that affect the lives of people worldwide. Large changes in stock market prices can arise abruptly, within a matter of minutes, or develop across much longer time scales. Here, we analyze a dataset comprising the stocks forming the Dow Jones Industrial Average at a second by second resolution in the period from January 2008 to July 2010 in order to quantify the distribution of changes in market prices at a range of time scales. We find that the tails of the distributions of logarithmic price changes, or returns, exhibit power law decays for time scales ranging from 300 seconds to 3600 seconds. For larger time scales, we find that the distributions tails exhibit exponential decay. Our findings may inform the development of models of market behavior across varying time scales.

  10. The Geometric Phase of Stock Trading.

    Science.gov (United States)

    Altafini, Claudio

    2016-01-01

    Geometric phases describe how in a continuous-time dynamical system the displacement of a variable (called phase variable) can be related to other variables (shape variables) undergoing a cyclic motion, according to an area rule. The aim of this paper is to show that geometric phases can exist also for discrete-time systems, and even when the cycles in shape space have zero area. A context in which this principle can be applied is stock trading. A zero-area cycle in shape space represents the type of trading operations normally carried out by high-frequency traders (entering and exiting a position on a fast time-scale), while the phase variable represents the cash balance of a trader. Under the assumption that trading impacts stock prices, even zero-area cyclic trading operations can induce geometric phases, i.e., profits or losses, without affecting the stock quote.

  11. Lists of semi-dwarf cereal stocks

    International Nuclear Information System (INIS)

    1984-01-01

    The lists are prepared in relation to the Co-ordinated Research Programme. At the first Research Co-ordination Meeting on evaluation of cereal semi-dwarf mutants for cross breeding, March 1981, programme participants were requested to list semi-dwarf mutants available at their institutes including also non-induced semi-dwarf stocks being used in cross-breeding programme for short stature. List-I is prepared from such lists provided by programme participants. Further it was requested to name breeders and institutes providing characteristics of the listed semi-dwarf stocks. List-II gives that information. In the List-I: Parents of semi-dwarf stocks derived from cross breeding, are shown in brackets. In column ''Culm length'', figures are in cm and those of parent cultivars are shown in brackets

  12. Clustering stocks using partial correlation coefficients

    Science.gov (United States)

    Jung, Sean S.; Chang, Woojin

    2016-11-01

    A partial correlation analysis is performed on the Korean stock market (KOSPI). The difference between Pearson correlation and the partial correlation is analyzed and it is found that when conditioned on the market return, Pearson correlation coefficients are generally greater than those of the partial correlation, which implies that the market return tends to drive up the correlation between stock returns. A clustering analysis is then performed to study the market structure given by the partial correlation analysis and the members of the clusters are compared with the Global Industry Classification Standard (GICS). The initial hypothesis is that the firms in the same GICS sector are clustered together since they are in a similar business and environment. However, the result is inconsistent with the hypothesis and most clusters are a mix of multiple sectors suggesting that the traditional approach of using sectors to determine the proximity between stocks may not be sufficient enough to diversify a portfolio.

  13. Stocks of organic carbon in Estonian soils

    Directory of Open Access Journals (Sweden)

    Kõlli, Raimo

    2009-06-01

    Full Text Available The soil organic carbon (SOC stocks (Mg ha–1 ofautomorphic mineral (9 soil groups, hydromorphic mineral (7, and lowland organic soils (4 are given for the soil cover or solum layer as a whole and also for its epipedon (topsoil layer. The SOC stocks for forest, arable lands, and grasslands and for the entire Estonian soil cover were calculated on the basis of the mean SOC stock and distribution area of the respective soil type. In the Estonian soil cover (42 400 km2, a total of 593.8 ± 36.9 Tg of SOC is retained, with 64.9% (385.3 ± 27.5 Tg in the epipedon layer (O, H, and A horizons and 35.1% in the subsoil (B and E horizons. The pedo-ecological regularities of SOC retention in soils are analysed against the background of the Estonian soil ordination net.

  14. Energy savings in Danish residential building stock

    DEFF Research Database (Denmark)

    Tommerup, Henrik M.; Svendsen, Svend

    2006-01-01

    a short account of the technical energy-saving possibilities that are present in existing dwellings and presents a financial methodology used for assessing energy-saving measures. In order to estimate the total savings potential detailed calculations have been performed in a case with two typical...... buildings representing the residential building stock and based on these calculations an assessment of the energy-saving potential is performed. A profitable savings potential of energy used for space heating of about 80% is identified over 45 years (until 2050) within the residential building stock......A large potential for energy savings exists in the Danish residential building stock due to the fact that 75% of the buildings were constructed before 1979 when the first important demands for energy performance of building were introduced. It is also a fact that many buildings in Denmark face...

  15. Statistical properties of trading activity in Chinese stock market

    Science.gov (United States)

    Sun, Xiaoqian; Cheng, Xueqi; Shen, Huawei; Wang, Zhaoyang

    2010-08-01

    We investigate the statistical properties of traders' trading behavior using cumulative distribution function(CDF). We analyze exchange data of 52 stocks for one-year period which contains non-manipulated stocks and manipulated stocks published by China Securities Regulatory Commission(CSRC). By analyzing the total number of transactions and the trading volume of each trader over a year, we find the cumulative distributions have power-law tails and the distributions between non-manipulated stocks and manipulated stocks are different. These findings can help us to detect the manipulated stocks.

  16. Stock Performance of Socially Responsible Companies

    Directory of Open Access Journals (Sweden)

    Huang Tzu-Man

    2016-12-01

    Full Text Available Every year Corporate Responsibility Magazine selects and ranks 100 companies on the basis of their corporate social responsibility. This study investigates the stock performance of socially responsible companies in the U.S. The monthly stock returns for these companies are analyzed and compared with the market performance, with the S&P 500 index designated as a proxy for the market. The empirical evidence suggests that these 100 companies outperform the market in their monthly stock returns. We also narrow down the number of companies selected to the top 75, 50, 25, and 10 firms. As we narrow down the companies selected, the difference between their returns and the market returns also narrows. In other words, a portfolio that includes all top 100 companies provides the best stock performance. We extend the analysis to long-term annual stock performance. We find that these socially responsible companies′ annual returns are higher than the market returns for up to seven years after they are listed. We also conduct the same analysis on the top 75, 50, 25, and 10 firms, respectively. Similarly, the larger the number of these top 100 companies, the greater the tendency to generate higher annual returns. We suspect that because the difference between the socially responsible companies′ average returns and the market returns is not dramatic, with a bigger population and thus a larger sample size, the difference becomes more significant. However, in practice, transaction costs must be considered. This study is limited in that it does not consider transaction costs. Nevertheless, we hope to shed some light on the issue of socially responsible companies′ stock performance to encourage companies to start thinking about the importance of corporate social responsibility.

  17. Genetic stock identification of Russian honey bees.

    Science.gov (United States)

    Bourgeois, Lelania; Sheppard, Walter S; Sylvester, H Allen; Rinderer, Thomas E

    2010-06-01

    A genetic stock certification assay was developed to distinguish Russian honey bees from other European (Apis mellifera L.) stocks that are commercially produced in the United States. In total, 11 microsatellite and five single-nucleotide polymorphism loci were used. Loci were selected for relatively high levels of homogeneity within each group and for differences in allele frequencies between groups. A baseline sample consisted of the 18 lines of Russian honey bees released to the Russian Bee Breeders Association and bees from 34 queen breeders representing commercially produced European honey bee stocks. Suitability tests of the baseline sample pool showed high levels of accuracy. The probability of correct assignment was 94.2% for non-Russian bees and 93.3% for Russian bees. A neighbor-joining phenogram representing genetic distance data showed clear distinction of Russian and non-Russian honey bee stocks. Furthermore, a test of appropriate sample size showed a sample of eight bees per colony maximizes accuracy and consistency of the results. An additional 34 samples were tested as blind samples (origin unknown to those collecting data) to determine accuracy of individual assignment tests. Only one of these samples was incorrectly assigned. The 18 current breeding lines were represented among the 2009 blind sampling, demonstrating temporal stability of the genetic stock identification assay. The certification assay will be used through services provided by a service laboratory, by the Russian Bee Breeders Association to genetically certify their stock. The genetic certification will be used in conjunction with continued selection for favorable traits, such as honey production and varroa and tracheal mite resistance.

  18. Determinants of Stock Price Movements: Evidence from Chittagong Stock Exchange, Bangladesh

    Directory of Open Access Journals (Sweden)

    Mohammed Syedul Islam

    2015-01-01

    Full Text Available Stock market plays a vital role in the economic development of an economy. It bridges up between savers and real manufacturers by raising funds from investors to companies. This process was broken down due to the 2010-2011 stock market crash in Bangladesh. Though the determinants of stock price have been settled empirically, the current paper aims to reexamine the relationship between stock price, dividend and retained earnings of 29 listed banks of Chittagong Stock Exchange, in the post-crash period. Cross-sectional data were collected from secondary sources. Using linear regression method, the study found that both, dividend and retained earnings of sample banks have strong influence over the stock price, though there was moderate explanatory power of those variables. After reviewing the causes of crisis 2010-2011, this study suggests the following: to control price manipulation, to publish proper financial statement, regulate the dividend policy, to ensure sufficient knowledge among investors, recruit technical expert and ensure proper settlement for transactions, prevent crises of stock market against speculation etc.

  19. Controlled Synthesis of Au@AgAu Yolk-Shell Cuboctahedra with Well-Defined Facets.

    Science.gov (United States)

    Londono-Calderon, Alejandra; Bahena, Daniel; Yacaman, Miguel J

    2016-08-02

    The synthesis of Au@AgAu yolk-shell cuboctahedra nanoparticles formed by galvanic replacement in a seed-mediated method is described. Initially, single-crystal Au seeds are used for the formation of Au@Ag core-shell nanocubes, which serve as the template material for the deposition of an external Au layer. The well-controlled synthesis yields the formation of cuboctahedra nanoparticles with smooth inner and outer Au/Ag surfaces. The deposition/oxidation process is described to understand the formation of cuboctahedra and octahedra nanoparticles. The Au core maintains the initial morphology of the seed and remains static at the center of the yolk-shell because of residual Ag. Structural analysis of the shell indicates intrinsic stacking faults (SFs) near the surface. Energy dispersive X-ray spectroscopy (EDS) and X-ray photoelectron spectroscopy (XPS) compositional analysis show an Au-Ag nonordered alloy forming the shell. The three-dimensional structure of the nanoparticles presented open facets on the [111] as observed by electron tomography SIRT reconstruction over a stack of high-angle annular dark-field scanning transmission electron microscopy (HAADF-STEM) images. The geometrical model was validated by analyzing the direction of streaks in coherent nanobeam diffraction (NBD). The catalytic activity was evaluated using a model reaction based on the reduction of 4-nitrophenol (4-NTP) by NaBH4 in the presence of Au@AgAu yolk-shell nanoparticles.

  20. Fixation of Radioactive Waste in Glass. Part II. The Experimental Evaluation of Phosphate and Borosilicate Glasses; Fixation des Dechets Radioactifs dans le Verre, Deuxieme Partie: Evaluation Experimentale des Verres au Phosphate et au Borosilicate; 0424 0418 041a 0421 0410 0426 0418 042f 0420 0410 0414 0418 041e 0410 041a 0422 0418 0412 041d 042b 0425 041e 0422 0425 041e 0414 041e 0412 0412 0421 0422 0415 041a 041b 0415 . 0427 0410 0421 0422 042c Ii. 042d 041a 0421 041f 0415 0420 0418 041c 0415 041d 0422 0410 041b 042c 041d 0410 042f 041e 0426 0415 041d 041a 0410 041a 0410 0427 0415 0421 0422 0412 0424 041e 0421 0424 0410 0422 041d 042b 0425 0418 0411 041e 0420 041e 0421 0418 041b 0418 041a 0410 0422 041d 042b 0425 0421 0422 0415 041a 041e 041b ; Fijacion de Desechos Radiactivos en Vidrio, Parte II: Evaluacion Experimental de los Vidrios al Fosfato y al Borosilicato

    Energy Technology Data Exchange (ETDEWEB)

    Elliot, M. N.; Grover, J. R.; Hardwick, W. H. [Atomic Energy Research Establishment, Harwell (United Kingdom)

    1963-02-15

    A glass suitable for long-term storage of fission-product wastes must be chosen firstly with regard to the method of storage, and secondly with regard to reliability of manufacture in a highly radioactive plant. The factors that are relevant to storage include leach resistance, thermal and radiation stability and die percentage of waste that can be incorporated, while the physical and chemical nature of glass-forming additives together with the melting point and viscosity of the glass relate to the manufacturing process. The relative importance of these factors is discussed. Experimental studies of the borosilicate glasses that have been chosen for pilot-plant work are described, including the effect of radiation doses of up to 10{sup 12}rad on their physical and chemical properties. Glasses of other kinds have also been examined and their potential value as storage media is compared with the borosilicate glasses. (author) [French] Un verre convenant au.stockage de longue duree des dechets de produits de fission doitetre choisi: premierement, en fonction de la methode de stockage et deuxiemement, eu egard a la securite des operations de traitement dans une usine de haute activite. En ce qui concerne le stockage, les facteurs importants sont la resistance a la corrosion, la stabilite thermique, la stabilite vis a-vis des rayonnements et le pourcentage de dechets pouvant etre incorpores. Au point de vue de la securite des manutentions, il faut tenir compte de la nature physique et chimique des elements intervenant dans la composition du verre, du point de fusion et de la viscosite du verre. Les auteurs examinent l'importance relative de ces facteurs. Ils decrivent les etudes experimentales faites sur les verres au borosilicate choisis pour l'usine pilote, de meme que l'influence des rayonnements sur leurs proprietes chimiques et physiques pour des doses allant jusqu'a 10{sup 12} rad. Ils ont etudie d'autres especes de verre et examine la possibilite de les employer

  1. Stock vs. Bond Yields, and Demographic Fluctuations

    DEFF Research Database (Denmark)

    Gozluklu, Arie; Morin, Annaïg

    This paper analyzes the strong comovement between real stock and nominal bond yields at generational (low) frequencies. Life-cycle patterns in savings behavior in an overlapping generations model with cash-in-advance constraints explain this persistent comovement between financial yields. We argue...... that the slow-evolving time-series covariation due to changing population age structure accounts for the equilibrium relation between stock and bond markets. As a result, by exploiting the demographic information into distant future, the forecasting performance of evaluation models improves. Finally, using...

  2. Stock market index prediction using neural networks

    Science.gov (United States)

    Komo, Darmadi; Chang, Chein-I.; Ko, Hanseok

    1994-03-01

    A neural network approach to stock market index prediction is presented. Actual data of the Wall Street Journal's Dow Jones Industrial Index has been used for a benchmark in our experiments where Radial Basis Function based neural networks have been designed to model these indices over the period from January 1988 to Dec 1992. A notable success has been achieved with the proposed model producing over 90% prediction accuracies observed based on monthly Dow Jones Industrial Index predictions. The model has also captured both moderate and heavy index fluctuations. The experiments conducted in this study demonstrated that the Radial Basis Function neural network represents an excellent candidate to predict stock market index.

  3. Integration Versus Segmentation: The Istanbul Stock Exchange

    OpenAIRE

    Suleyman Gokçen; Ahu Ozturkmen

    1997-01-01

    The purpose of this paper is to analyse the integration versus segmentation issue for the Istanbul Stock Exchange vis-a-vis global developed markets. Two different classes of information variables are used. These are global and local variables. Global variables are the return of the world market portfolio, dividend yield of S&P 500 stock index, U.S. term structure premia and U.S. default risk yield spread. Local variables are the returns, price earning ratios and dividend yields of the Istanb...

  4. Statistical aspects of fish stock assessment

    DEFF Research Database (Denmark)

    Berg, Casper Willestofte

    for stock assessment by application of state-of-the-art statistical methodology. The main contributions are presented in the form of six research papers. The major part of the thesis deals with age-structured assessment models, which is the most common approach. Conversion from length to age distributions...... statistical aspects of fish stocks assessment, which includes topics such as time series analysis, generalized additive models (GAMs), and non-linear state-space/mixed models capable of handling missing data and a high number of latent states and parameters. The aim is to improve the existing methods...

  5. TRADING RULES ON A SMALL STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Stefán B. Gunnlaugsson

    2018-03-01

    Full Text Available In this article, the results of an extensive study of the weak form efficiency of the Iceland stock market are presented. This study almost covers the market’s entire history, with the research starting at the beginning of 1993 and ending in July 2017. Four trading rules based on 70-day moving averages were constructed and compared with the passive investment strategy of buying the market index. All of these trading rules provided significantly better returns than the passive strategy, even when considering trading costs. This result indicates that the Icelandic stock market did not show weak form efficiency, and past returns predicted future returns during the period examined.

  6. Mandatory IFRS Reporting and Stock Price Informativeness

    OpenAIRE

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

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period 2003-2007, we find a V-shaped pattern in synchronicity around IFRS adoption, which is consistent with IFRS disclosures revealing new firm-specific information in the adoption period (i.e., a reduction of sy...

  7. ACCOUNTING TREATMENTS USED IN STOCKS VALUATION

    Directory of Open Access Journals (Sweden)

    Suciu Gheorghe

    2012-12-01

    Full Text Available Accounting treatments represent the methods used by a company to apply its own accounting policies. Accounting treatments can be divided into two categories: basic accounting treatments and alternative treatments. Stocks represent the quantities of material resources, half-finished goods, finished goods which stockpile in supply repositories of the economic entities, with a certain structure and volume, for a certain period of time, in order to ensure continuity and regularity of the manufacturing process and of consumption. Stocks will be acknowledges only when the company is likely to make an economic benefit and when the costs and values can be estimated in a credible way.

  8. Participation Constraints in the Stock Market

    DEFF Research Database (Denmark)

    Andersen, Steffen; Meisner Nielsen, Kasper

    2011-01-01

    We use a natural experiment to investigate the impact of participation constraints on individuals' decisions to invest in the stock market. Unexpected inheritance due to sudden deaths results in exogenous variation in financial wealth, and allows us to examine whether fixed entry and ongoing...... participation costs cause non-participation. We have three key findings. First, windfall wealth has a positive effect on participation. Second, the majority of households do not react to sizeable windfalls by entering the stock market, but hold on to substantial safe assets—even over longer horizons. Third...

  9. Mean reversion in the US stock market

    International Nuclear Information System (INIS)

    Serletis, Apostolos; Rosenberg, Aryeh Adam

    2009-01-01

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We conclude that US stock

  10. Mean reversion in the US stock market

    Energy Technology Data Exchange (ETDEWEB)

    Serletis, Apostolos [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)], E-mail: Serletis@ucalgary.ca; Rosenberg, Aryeh Adam [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)

    2009-05-30

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We

  11. Do Hedge Funds Manipulate Stock Prices?

    OpenAIRE

    Ben-David, Itzhak; Franzoni, Francesco; Landier, Augustin; Moussawi, Rabih

    2011-01-01

    We find evidence of significant price manipulation at the stock level by hedge funds on critical reporting dates. Stocks in the top quartile by hedge fund holdings exhibit abnormal returns of 30 basis points in the last day of the month and a reversal of 25 basis points in the following day. Using intraday data, we show that a significant part of the return is earned during the last minutes of the last day of the month, at an increasing rate towards the closing bell. This evidence is consiste...

  12. AU-EU “Strategic Partnership”

    DEFF Research Database (Denmark)

    Rodt, Annemarie Peen; Okeke, Jide

    2013-01-01

    This article appraises strategic partnership between the African Union (AU) and European Union (EU). It examines the context and nature of AU and EU security relations and explores the conditions under which partnership has a positive impact in this regard. This includes an evaluation...... of convergence between the two organizations and its effect or lack thereof on African security. The article concludes that events leading up to and initiatives following the 2007 Joint Africa–European Union Strategy have produced a degree of AU and EU convergence, which has had limited impact on the efficacy...... of the African security regime, the level of which remains mediocre at best....

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

    Science.gov (United States)

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

    2016-01-01

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

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

    Directory of Open Access Journals (Sweden)

    Xiao-Qian Sun

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

  15. Optimization Stock Portfolio With Mean-Variance and Linear Programming: Case In Indonesia Stock Market

    OpenAIRE

    Yen Sun

    2010-01-01

    It is observed that the number of Indonesia’s domestic investor who involved in the stock exchange is very less compare to its total number of population (only about 0.1%). As a result, Indonesia Stock Exchange (IDX) is highly affected by foreign investor that can threat the economy. Domestic investor tends to invest in risk-free asset such as deposit in the bank since they are not familiar yet with the stock market and anxious about the risk (risk-averse type of investor). Therefore, it is i...

  16. PERFORMANCE EVALUATION AND RISK AVERSION RATE FOR SEVERAL STOCK INDICES IN INDONESIA STOCK EXCHANGE

    OpenAIRE

    Robiyanto Robiyanto

    2017-01-01

    There are numerous stock indices in Indonesia Stock Exchange. Several of them are LQ-45, MBX, DBX, JII, SRI-KEHATI, PEFINDO-25, BISNIS-27, IDX-30 and KOMPAS-100. Unfortunately there are limi­ted researches which have been done to measure those indices performance specifically. The same condition also occurs on risk aversion level usage in Indonesia Stock Exchange, only few numbers of researches use this me­a­surement in the portfolio valuation. Based on that, this research measured the perfor...

  17. Stocks as Money: Convenience Yield and the Tech-Stock Bubble

    OpenAIRE

    John H. Cochrane

    2002-01-01

    What caused the rise and fall of tech stocks? I argue that a mechanism much like the transactions demand for money drove many stock prices above the 'fundamental value' they would have had in a frictionless market. I start with the Palm/3Com microcosm and then look at tech stocks in general. High prices are associated with high volume, high volatility, low supply of shares, wide dispersion of opinion, and restrictions on long-term short selling. I review competing theories, and only the conve...

  18. Synthesis of ultrathin face-centered-cubic Au@Pt and Au@Pd core-shell nanoplates from hexagonal-close-packed Au square sheets

    KAUST Repository

    Fan, Zhanxi

    2015-03-17

    The synthesis of ultrathin face-centered-cubic (fcc) Au@Pt rhombic nanoplates is reported through the epitaxial growth of Pt on hexagonal-close-packed (hcp) Au square sheets (AuSSs). The Pt-layer growth results in a hcp-to-fcc phase transformation of the AuSSs under ambient conditions. Interestingly, the obtained fcc Au@Pt rhombic nanoplates demonstrate a unique (101)f orientation with the same atomic arrangement extending from the Au core to the Pt shell. Importantly, this method can be extended to the epitaxial growth of Pd on hcp AuSSs, resulting in the unprecedented formation of fcc Au@Pd rhombic nanoplates with (101)f orientation. Additionally, a small amount of fcc (100)f-oriented Au@Pt and Au@Pd square nanoplates are obtained with the Au@Pt and Au@Pd rhombic nanoplates, respectively. We believe that these findings will shed new light on the synthesis of novel noble bimetallic nanostructures. Phase change: Ultrathin Au@Pt and Au@Pd core-shell nanoplates were prepared from Au square sheets. A phase transformation from hexagonal close-packed (hcp) to face-centered cubic (fcc) is observed upon coating the hcp Au square sheets with Pt or Pd under ambient conditions. The prepared fcc Au@Pt and Au@Pd rhombic nanoplates demonstrate unique (101)f orientation (picture shows a typical fcc Au@Pt rhombic nanoplate). © 2015 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim.

  19. Et pourquoi pas au CERN ?

    CERN Multimedia

    Staff Association

    2015-01-01

    Télétravail ou travail à distance, aménagement des horaires de travail et autres évolutions favorables à un meilleur équilibre vie privée et vie professionnelle sont adoptés par nombre d’entreprises et d’organisations !   Rendu possible grâce au développement de nouvelles technologies dont Internet, le travail à distance séduit de plus en plus de personnels, ainsi que de plus en plus de sociétés qui y trouvent des avantages en matière de gestion de l’espace, de sécurité (moins de trajets domicile-entreprise), de développement durable (moins de pollution), de motivation et de bien-être de leurs personnels. Les horaires aménagés, voire les « core-hours1 », sont également des pratiques de plus e...

  20. Local structure of disordered Au-Cu and Au-Ag alloys

    International Nuclear Information System (INIS)

    Frenkel, A. I.; Machavariani, V. Sh.; Rubshtein, A.; Rosenberg, Yu.; Voronel, A.; Stern, E. A.

    2000-01-01

    X-ray-absorption fine structure (XAFS) and x-ray-diffraction (XRD) measurements of disordered alloys Au x Cu 1-x and Au 0.5 Ag 0.5 prepared by melt spinning were performed. In the Au 0.5 Ag 0.5 alloy, no significant local deviations of the atoms from the average fcc lattice were detected while in Au x Cu 1-x alloys, significant deviations of atoms from the average fcc lattice were found. Mean-square vibrations of the Cu-Cu distances revealed by the XAFS in Au x Cu 1-x alloys indicate the weakening of contact between Cu atoms in the dilute limit. Our computer simulation for Au x Cu 1-x clusters of 10 5 atoms reproduces the main features of both the XAFS and XRD data

  1. Charged hadron transverse momentum distributions in Au+Au collisions at S=200 GeV

    Science.gov (United States)

    Roland, Christof; PHOBOS Collaboration; Back, B. B.; Baker, M. D.; Barton, D. S.; Betts, R. R.; Ballintijn, M.; Bickley, A. A.; Bindel, R.; Budzanowski, A.; Busza, W.; Carroll, A.; Decowski, M. P.; García, E.; George, N.; Gulbrandsen, K.; Gushue, S.; Halliwell, C.; Hamblen, J.; Heintzelman, G. A.; Henderson, C.; Hofman, D. J.; Hollis, R. S.; Hołyński, R.; Holzman, B.; Iordanova, A.; Johnson, E.; Kane, J. L.; Katzy, J.; Khan, N.; Kucewicz, W.; Kulinich, P.; Kuo, C. M.; Lin, W. T.; Manly, S.; McLeod, D.; Michałowski, J.; Mignerey, A. C.; Nouicer, R.; Olszewski, A.; Pak, R.; Park, I. C.; Pernegger, H.; Reed, C.; Remsberg, L. P.; Reuter, M.; Roland, C.; Roland, G.; Rosenberg, L.; Sagerer, J.; Sarin, P.; Sawicki, P.; Skulski, W.; Steadman, S. G.; Steinberg, P.; Stephans, G. S. F.; Stodulski, M.; Sukhanov, A.; Tang, J.-L.; Teng, R.; Trzupek, A.; Vale, C.; van Nieuwenhuizen, G. J.; Verdier, R.; Wadsworth, B.; Wolfs, F. L. H.; Wosiek, B.; Woźniak, K.; Wuosmaa, A. H.; Wysłouch, B.

    2003-03-01

    We present transverse momentum distributions of charged hadrons produced in Au+Au collisions at sqrt(s_NN) = 200 GeV. The evolution of the spectra for transverse momenta p_T from 0.25 to 5GeV/c is studied as a function of collision centrality over a range from 65 to 344 participating nucleons. We find a significant change of the spectral shape between proton-antiproton and peripheral Au+Au collisions. Comparing peripheral to central Au+Au collisions, we find that the yields at the highest p_T exhibit approximate scaling with the number of participating nucleons, rather than scaling with the number of binary collisions.

  2. Disposal of Waste into the Atmosphere; Elimination des Dechets Radioactifs dans l'Atmosphere; 0423 0414 0410 ; Evacuacion de Desechos Radiactivos en la Atmosfera

    Energy Technology Data Exchange (ETDEWEB)

    Schulte, H. F. [Health Division, Los Alamos Scientific Laboratory, University of California, Los Alamos, NM (United States)

    1960-07-01

    The atmosphere can be compared to the hydrosphere and the lithosphere as a recipient of wastes, but the presence of airborne wastes is of more immediate concern to human life. There are two very distinct problems presented by atmospheric pollution, (1) that in the immediate vicinity of a plant and (2) the world-wide problem from long-term, widespread air pollution. Short- range problems have existed for many years as a result of non-radioactive wastes such as coal-smoke, sulphur dioxide and hydrogen fluoride. However, only in recent years has this problem received intense scientific study. Meteorological conditions play an important role in this problem. In some cases emission rates have been controlled in keeping with meteorological predictions. However, the basic solution is still that of reducing emission rates to the lowest possible values. (author) [French] L'atmosphere peut etre comparee a l'hydrosphere et a la lithosphere en tant que receptacle eventuel de dechets, mais la presence de dechets en suspension dans l'air est plus preoccupante pour la vie humaine. La pollution atmospherique pose deux problemes nettement distincts: 1) un probleme de portee limitee concernant le voisinage immediat d'une usine, et 2) un probleme de portee mondiale, savoir la pollution largement repandue, a long terme, de l'atmosphere. Des problemes de portee limitee se sont poses depuis de nombreuses annees ; ils sont lies a la presence dans l'atmosphere de dechets non radioactifs, tels que les fumees produites par le charbon, l'anhydride sulfurique et l'anhydride fluorhydrique. Cependant, ce n'est que recemment que ce probleme a ete soumis a une etude scientifique poussee. Les conditions meteorologiques jouent la un role important. Dans certains cas, les intensites d'emission ont ete controlees en tablant sur les previsions meteorologiques. Toutefois, la solution fondamentale est encore de reduire l'intensite d'emission a la plus faible valeur possible. (author) [Spanish] Si bien

  3. STOCK PRICES, 1900-1995: THE REAL AND NOMINAL STORY

    Directory of Open Access Journals (Sweden)

    Kenneth Weiher

    2000-01-01

    Full Text Available Prompted by the inflation-adjusted Dow Jones Industrials Average setting its first record high in almost thirty years in 1995, this paper studies the impact of inflation on nominal and real stock prices from a theoretical, historical, and empirical perspective. While stocks are an excellent longterm hedge against inflation, nominal stock prices stagnate and real stock prices fall during a period of rapid inflation. Both nominal and real stockprices then go through a catch-up phase during the subsequent disinflation period. The history for this century is consistent with this pattern. Regression analysis between real and nominal stock prices as the dependent variables and inflation as the independent variable shows statistically significant evidence that (a nominal stock returns are positively related to inflation while real stock returns are not; and (b both nominal and real stock returns are negatively related to accelerations of inflation and positively related to decelerations.

  4. AFSC/REFM: Alaska Stock Assessment Results Archive (SARA)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Each year over 50 Alaskan groundfish stock assessments report the condition of Alaskan fisheries resources in the U.S. Exclusive Economic Zone. Stock assessment...

  5. Risk-Adjusted Returns and Stock Market Games.

    Science.gov (United States)

    Kagan, Gary; And Others

    1995-01-01

    Maintains that stock market games are designed to provide students with a background for investing in securities, especially stocks. Reviews two games used with secondary students, analyzes statistical data from these experiences, and considers weaknesses in the games. (CFR)

  6. Monetary Policy Shocks and Stock Returns Reactions: Evidence ...

    African Journals Online (AJOL)

    SIPHAMBE, H.K. (PROF.)

    context is useful to both monetary authorities and investors. ... they should target stock prices or use stock price information as indicators of the monetary ... current account transactions, with remaining controls on the capital account eliminated ...

  7. Comparative efficiencies of photothermal destruction of malignant cells using antibody-coated silica-Au nanoshells, hollow Au/Ag nanospheres and Au nanorods

    Energy Technology Data Exchange (ETDEWEB)

    Cheng, Fong-Yu; Chen, Chen-Tai; Yeh, Chen-Sheng, E-mail: csyeh@mail.ncku.edu.t [Department of Chemistry, National Cheng Kung University, Tainan 701, Taiwan (China)

    2009-10-21

    Three Au-based nanomaterials (silica-Au nanoshells, hollow Au/Ag nanospheres and Au nanorods) were evaluated for their comparative photothermal efficiencies at killing three types of malignant cells (A549 lung cancer cells, HeLa cervix cancer cells and TCC bladder cancer cells) using a CW NIR laser. Photodestructive efficiency was evaluated as a function of the number of nanoparticles required to destroy the cancer cells under 808 nm laser wavelength at fixed laser power. Of the three nanomaterials, silica/Au nanoshells needed the minimum number of particles to produce effective photodestruction, whereas Au nanorods needed the largest number of particles. Together with the calculated photothermal conversion efficiency, the photothermal efficiency rankings are silica-Au nanoshells > hollow Au/Ag nanospheres > Au nanorods. Additionally, we found that HeLa cells seem to present better heat tolerance than the other two cancer cell lines.

  8. Intense fluorescence of Au 20

    Energy Technology Data Exchange (ETDEWEB)

    Yu, Chongqi; Harbich, Wolfgang; Sementa, Luca; Ghiringhelli, Luca; Apra, Edoardo; Stener, Mauro; Fortunelli, Alessandro; Brune, Harald

    2017-08-21

    Ligand-protected Au clusters are non-bleaching fluorescence markers in bio- and medical applications. We show that their fluorescence is an intrinsic property of the Au cluster itself. We find a very intense and sharp fluorescence peak located at λ =739.2 nm (1.68 eV) for Au20 clusters in a Ne matrix held at 6 K. The fluorescence reflects the HOMO-LUMO diabatic bandgap of the cluster. The cluster shows a very rich absorption fine structure reminiscent of well defined molecule-like quantum levels. These levels are resolved since Au20 has only one stable isomer (tetrahedral), therefore our sample is mono-disperse in cluster size and conformation. Density-functional theory (DFT) and time-dependent DFT calculations clarify the nature of optical absorptionand predict both main absorption peaks and intrinsic fluorescence in good agreement with experiment.

  9. Interplanetary shock phenomena beyond 1 AU

    International Nuclear Information System (INIS)

    Smith, E.J.

    1985-01-01

    Attention is given to spatial dependences exhibited by spacecraft measurements obtained between 1 and 30 AU, together with temporal variations occurring between solar activity cycle maxima and minima. At 1-3 AU radial distances, shocks develop in association with the corotating solar wind streams characterizing solar minimum and accelerate solar wind evolution with distance while heating the solar wind and generating waves and turbulence. At solar maximum, shocks are observed more frequently at 1 AU but still in association with transient solar events; acceleration leading to energetic storm particles is observed both within and beyond 1 AU. The superimposed effect of large numbers of intense shocks may be responsible for the solar cycle modulation of galactic cosmic rays. 77 references

  10. Disposal of Radioactive Wastes in Natural Salt; Elimination des Dechets Radioactifs dans le Sel Naturel; 0423 0414 ; Evacuacion de Desechos Radiactivos en Formaciones Salinas Naturales

    Energy Technology Data Exchange (ETDEWEB)

    Parker, F. L.; Boegly, W. J.; Bradshaw, R. L.; Empson, F. M.; Hemphill, L.; Struxness, E. G.; Tamura, T. [Health Physics Division, Oak Ridge National Laboratory, Oak Ridge, TN (United States)

    1960-07-01

    The proposed use of cavities in salt formations as a disposal site for radioactive wastes is based upon : 1. Existence of salt for geologic time periods, 2. The impermeability of salt to the passage of water; 3. The widespread geographical distribution of salt; 4. The extremely large quantities of salt available; 5. The structural strength of salt; 6. The relatively high thermal conductivity of salt in comparison with other general geologic formations; 7. The possible recovery of valuable fission products in the wastes injected into the salt; 8. The relative ease of forming cavities in salt by mining, and the even greater ease and low cost of developing solution cavities in salt; and 9. The low seismicity in the areas of major salt deposits. Radioactive liquid wastes can be stored in cavities in natural salt formations if the structural properties of the salt are not adversely affected by chemical interaction, pressure, temperature, and radiation. Analytical studies show that it is possible to-store 2-year-old 10,000 MWD/T, 800 gal/ton waste in a sphere of 10 ft diameter without exceeding a temperature of 200 Degree-Sign F. Laboratory tests show that the structural properties and thermal conductivity of rock salt are not greatly altered by high radiation doses, although high temperatures increase the creep rate for both irradiated and unirradiated samples. Chemical interaction of liquid wastes with salt produces chlorine and other chlorine compound gases, but the volumes are not excessive. The migration of nuclides through the salt and deformation of the cavity and chamber can only be studied in undisturbed salt in situ. One-fifth-scale models have been run in a bedded salt deposit in Hutchinson, Kansas, and full-scale field tests are in progress. (author) [French] L'emploi envisage des cavites des gisements de sel comme lieu d'evacuation des dechets radioactifs se-fonde sur les considerations suivantes: 1. L'existence du sel dans des formations correspondant a

  11. Amélioration de la nutrition au Cambodge au moyen de l ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Amélioration de la nutrition au Cambodge au moyen de l'aquaculture et des jardins potagers domestiques (FCRSAI). Si l'on produit au Cambodge suffisamment de riz pour nourrir la population, la sous-alimentation maternelle et infantile y demeure quand même élevée en raison de la faible diversification des cultures et du ...

  12. Optimal stocking densities of snails [ Archachatina marginata ...

    African Journals Online (AJOL)

    Optimal stocking densities of breeding and fattening snails [Archachatina marginata Saturalis A.m.s (Swainson)] were determined through two experiments (five treatments, four replicates and randomised complete block design each) between April and December 1998.Experiment 1 had 3,6, 12, 17 and 22 A.m.s. adult ...

  13. Are Economists More Likely to Hold Stocks?

    DEFF Research Database (Denmark)

    Christiansen, Charlotte; Joensen, Eyðfrið Juanna Schrøter; Rangvid, Jesper

    A unique data set enables us to test the hypothesis that due to informational advantages economists are more likely to hold stocks than otherwise identical investors. Weconfirm that economists have a significantly higher probability of participating in the stockmarket than investors with any other...

  14. Connecting VIX and Stock Index ETF

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); T-L. Hsieh (Tai-Lin); M.J. McAleer (Michael)

    2017-01-01

    textabstractAs stock market indexes are not tradeable, the importance and trading volume of Exchange Traded Funds (ETFs) cannot be understated. ETFs track and attempt to replicate the performance of a specific index. Numerous studies have demonstrated a strong relationship between the S&P500

  15. Fractal profit landscape of the stock market.

    Science.gov (United States)

    Grönlund, Andreas; Yi, Il Gu; Kim, Beom Jun

    2012-01-01

    We investigate the structure of the profit landscape obtained from the most basic, fluctuation based, trading strategy applied for the daily stock price data. The strategy is parameterized by only two variables, p and q Stocks are sold and bought if the log return is bigger than p and less than -q, respectively. Repetition of this simple strategy for a long time gives the profit defined in the underlying two-dimensional parameter space of p and q. It is revealed that the local maxima in the profit landscape are spread in the form of a fractal structure. The fractal structure implies that successful strategies are not localized to any region of the profit landscape and are neither spaced evenly throughout the profit landscape, which makes the optimization notoriously hard and hypersensitive for partial or limited information. The concrete implication of this property is demonstrated by showing that optimization of one stock for future values or other stocks renders worse profit than a strategy that ignores fluctuations, i.e., a long-term buy-and-hold strategy.

  16. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

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

  17. Ecosystem carbon stocks in Pinus palustris forests

    Science.gov (United States)

    Lisa Samuelson; Tom Stokes; John R. Butnor; Kurt H. Johnsen; Carlos A. Gonzalez-Benecke; Pete Anderson; Jason Jackson; Lorenzo Ferrari; Tim A. Martin; Wendell P. Cropper

    2014-01-01

    Longleaf pine (Pinus palustris Mill.) restoration in the southeastern United States offers opportunities for carbon (C) sequestration. Ecosystem C stocks are not well understood in longleaf pine forests, which are typically of low density and maintained by prescribed fire. The objectives of this research were to develop allometric equations for...

  18. ResStock Analysis Tool | Buildings | NREL

    Science.gov (United States)

    Energy and Cost Savings for U.S. Homes Contact Eric Wilson to learn how ResStock can benefit your approach to large-scale residential energy analysis by combining: Large public and private data sources uncovered $49 billion in potential annual utility bill savings through cost-effective energy efficiency

  19. Stock keeping unit fill rate specification

    NARCIS (Netherlands)

    Teunter, R. H.; Syntetos, A. A.; Babai, M. Z.

    2017-01-01

    The fill rate is the most widely applied service level measure in industry and yet there is minimal advice available on how it should be differentiated on an individual Stock Keeping Unit (SKU) basis given that there is an overall system target service level. The typical approach utilized in

  20. Currency Hedging for International Stock Portfolios

    NARCIS (Netherlands)

    F.A. de Roon (Frans); T.E. Nijman (Theo); B.J.M. Werker

    2000-01-01

    textabstractThis paper tests whether hedging currency risk improves the performance of international stock portfolios. We use a generalized performance measure which allows for investor-dependencies such as different utility functions and the presence of nontraded risks. In addition we show that an

  1. Structural Estimation of Stock Market Participation Costs

    DEFF Research Database (Denmark)

    Khorunzhina, Natalia

    2013-01-01

    education programs can affect consumers' investment decisions. Using household data from the Panel Study of Income Dynamics, I estimate the magnitude of the participation cost, allowing for individual heterogeneity in it. The results show the average stock market participation cost is about 4–6% of labor...

  2. Financial literacy and stock market participation

    NARCIS (Netherlands)

    van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob

    We have devised two special modules for De Nederlandsche Bank (DNB) Household Survey to measure financial literacy and study its relationship to stock market participation. We find that the majority of respondents display basic financial knowledge and have some grasp of concepts such as interest

  3. Legal insider trading and stock market liquidity

    NARCIS (Netherlands)

    Degryse, Hans; de Jong, Frank; Lefebvre, J.J.G.

    This paper assesses the impact of legal trades by corporate insiders on the liquidity of the firm’s stock. For this purpose, we analyze two liquidity measures and one information asymmetry measure. The analysis allows us to study as well the effect of a change in insider trading regulation, namely

  4. The performance of Libyan stock market

    Directory of Open Access Journals (Sweden)

    Atiya Aljbiri

    2012-01-01

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

  5. The Stock Market: Risk vs. Uncertainty.

    Science.gov (United States)

    Griffitts, Dawn

    2002-01-01

    This economics education publication focuses on the U.S. stock market and the risk and uncertainty that an individual faces when investing in the market. The material explains that risk and uncertainty relate to the same underlying concept randomness. It defines and discusses both concepts and notes that although risk is quantifiable, uncertainty…

  6. The Reed Elsevier stock price gap

    NARCIS (Netherlands)

    Kamp, B.

    1995-01-01

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

  7. A cointegration analysis of wine stock indexes

    Directory of Open Access Journals (Sweden)

    Sabina Introvigne

    2017-12-01

    Full Text Available This paper analyzes price patterns and long-run relationships for both fine wine and non-fine wine, with the aim to highlight price dynamics and co-movements between series, and to exploit potential diversification benefits. Data are from Liv-Ex 100 Fine Wine for fine wine, the Mediobanca Global Wine Industry Share Price for normal wine, and the MSCI World Index as a proxy of the overall stock market. Engle-Granger and Johansen tests were used to detect whether and to what extent the series co-move in the long run and which one of the variables contributes proactively to such an equilibrium by reacting to disequilibria from the long-run path. The estimates highlight that i the two wine indexes have a higher Sharpe ratio compared to the general stock market index, revealing wine stocks as a profitable investment per se, and ii the absence of cointegration among the three series and the existence of possible diversification benefits. In fact, in the long-run price do not move together and, therefore, investors may be better off by including wine stocks into investment portfolios and take advantage of diversification

  8. Probability weighting and employee stock options

    NARCIS (Netherlands)

    Spalt, O.G.

    2013-01-01

    This paper documents that riskier firms with higher idiosyncratic volatility grant more stock options to nonexecutive employees. Standard models in the literature cannot easily explain this pattern; a model in which a risk-neutral firm and an employee with prospect theory preferences bargain over

  9. Editorial The Jan H. Stock Valedictory Issue

    NARCIS (Netherlands)

    NN,

    1990-01-01

    Professor Jan H. Stock, an inspiring zoologist of international fame (born 22 February 1931), will retire from the University of Amsterdam at the end of this year. It is his wish to settle in his beloved island Curaçao in the Netherlands Antilles and there to continue his taxonomic and zoogeographic

  10. Ecosystem carbon stocks of micronesian mangrove forests

    Science.gov (United States)

    J. Boone Kauffman; Chris Heider; Thomas G. Cole; Kathleen A. Dwire; Daniel C. Donato

    2011-01-01

    Among the least studied ecosystem services of mangroves is their value as global carbon (C) stocks. This is significant as mangroves are subject to rapid rates of deforestation and therefore could be significant sources of atmospheric emissions. Mangroves could be key ecosystems in strategies addressing the mitigation of climate change though reduced deforestation. We...

  11. Company Stock in Pension Plans: How Costly Is It?

    OpenAIRE

    Meulbroek, Lisa

    2005-01-01

    Employees often hold substantial levels of company stock in their defined contribution pension plans, a practice widely recognized as risky. But holding company stock is not only risky, it is costly: employees who own company stock are not fully diversified, so expected returns on their portfolios are lower than equally risky, but fully diversified, portfolios. This paper investigates the costs of holding company stock and finds that the loss in diversification reduces the value of employees'...

  12. Stock Market Overreaction and Trading Volume: Evidence from Malaysia

    OpenAIRE

    Ruhani Ali; Zamri Ahmad; Shangkari V. Anusakumar

    2011-01-01

    We investigate the stock market overreaction in Bursa Malaysia from January 2000 to October 2010 using weekly data. We find that winner portfolios tend to have negative returns whereas loser portfolios have positive returns for various holding periods from 1 to 52 weeks. Loser stocks experience more persistent and stronger return reversals than winner stocks. The evidence implies that a lower level of overreaction exists for winner stocks. Overall, a loser-winner portfolio yields highly signi...

  13. Dynamic Evolution Analysis of Stock Price Fluctuation and Its Control

    Directory of Open Access Journals (Sweden)

    Yuhua Xu

    2018-01-01

    Full Text Available This paper studies a simple dynamical system of stock price fluctuation time series based on the rule of stock market. When the stock price fluctuation system is disturbed by external excitations, the system exhibits obviously chaotic phenomena, and its basic dynamic properties are analyzed. At the same time, a new fixed-time convergence theorem is proposed for achieving fixed-time control of stock price fluctuation system. Finally, the effectiveness of the method is verified by numerical simulation.

  14. STOCK MARKET PREDICTION USING CLUSTERING WITH META-HEURISTIC APPROACHES

    OpenAIRE

    Prasanna, S.; Ezhilmaran, D.

    2015-01-01

    Various examinations are performed to predict the stock values, yet not many points at assessing the predictability of the direction of stock index movement. Stock market prediction with data mining method is a standout amongst the most paramount issues to be researched and it is one of the interesting issues of stock market research over several decades. The approach of advanced data mining tools and refined database innovations has empowered specialists to handle the immense measure of data...

  15. STOCK MARKET PREDICTION USING CLUSTERING WITH META-HEURISTIC APPROACHES

    OpenAIRE

    Prasanna, S.; Ezhilmaran, D.

    2014-01-01

    Various examinations are performed to predict the stock values, yet not many points at assessing the predictability of the direction of stock index movement. Stock market prediction with data mining method is a standout amongst the most paramount issues to be researched and it is one of the interesting issues of stock market research over several decades. The approach of advanced data mining tools and refined database innovations has empowered specialists to handle the immense measure of data...

  16. Facebook drives behavior of passive households in stock markets

    OpenAIRE

    Siikanen, Milla; Baltakys, Kęstutis; Kanniainen, Juho; Vatrapu, Ravi; Mukkamala, Raghava; Hussain, Abid

    2017-01-01

    Recent studies using data on social media and stock markets have mainly focused on predicting stock returns. Instead of predicting stock price movements, we examine the relation between Facebook data and investors' decision making in stock markets with a unique data on investors' transactions on Nokia. We find that the decisions to buy versus sell are associated with Facebook data especially for passive households and also for nonprofit organizations. At the same time, it seems that more soph...

  17. Emerging interdependence between stock values during financial crashes

    OpenAIRE

    Rocchi, Jacopo; Tsui, Enoch Yan Lok; Saad, David

    2016-01-01

    To identify emerging interdependencies between traded stocks we investigate the behavior of the stocks of FTSE 100 companies in the period 2000-2015, by looking at daily stock values. Exploiting the power of information theoretical measures to extract direct influences between multiple time series, we compute the information flow across stock values to identify several different regimes. While small information flows is detected in most of the period, a dramatically different situation occurs...

  18. The reaction of stock market returns to anticipated unemployment

    OpenAIRE

    Taamouti, Abderrahim; Gonzalo Muñoz, Jesús

    2012-01-01

    We empirically investigate the short-run impact of anticipated and unanticipated unemployment rates on stock prices. We particularly examine the nonlinearity in stock market's reaction to unemployment rate and study the effect at each individual point (quantile) of stock return distribution. Using nonparametric Granger causality and quantile regression based tests, we find that, contrary to the general findings in the literature, only anticipated unemployment rate has a strong impact on stock...

  19. SENSITIVITY OF THE INVESTOR'S TOWARDS STOCK MARKET INVESTMENT

    OpenAIRE

    M. Jaya

    2017-01-01

    Investment in stock market has become a common phenomenon for all the individuals. The growth of stock market contributes to national economic growth only when this growth translates into increased mobilization of resources, return from investment, and minimizing the risk attached to stock market investment. This survey has been conducted to find out the stock market investment pattern and risk diversification of retail equity investors. A well structured questionnaire which is pilot teste...

  20. Proton channeling in Au at low energies

    International Nuclear Information System (INIS)

    Valdes, J.E.; Vargas, P.

    1996-01-01

    The electronic energy loss for low velocity protons channeled in the direction single crystal Au is calculated. The spatial distribution of valence electronic density in Au is calculated using Tight Binding Linear Muffin Tin Method. The proton trajectories are determined by numerical integration of the classical motion equation, and the energy loss is evaluated using the calculated valence electronic density in the friction term. The results allow to describe qualitatively the non linear behavior of energy loss with ion velocity observed experimentally. (author)

  1. RELATIONSHIP BETWEEN STOCK MARKET RETURNS AND EXCHANGERATES IN EMERGING STOCK MARKETS

    Directory of Open Access Journals (Sweden)

    M.N. Arshad

    2017-04-01

    Full Text Available Abstract-This paper aims to study the relationship between stock market returns and exchange rates in emerging stock markets including Malaysia, Singapore, Thailand, Indonesia and Philippines. The data is taken from January 2003 to December 2012 using weekly closing indices and separated in two periods; before (2003-2007 and second, after (2008-2012 the financial crisis of 2008. Johansen-Juselius (JJ. Granger causality tests show that unidirectional causality exists between the stock market returns and exchange rates for Thailand before the financial crisis, whilst, for Indonesia and Singapore, the unidirectional causality between the two variables is detected in the period after the financial crisis. Error Correction Model (ECM indicates the existence of long run causality between the two variables for Philippines. This study also finds that most of the emerging stock markets are informationally inefficient.

  2. PERFORMANCE EVALUATION AND RISK AVERSION RATE FOR SEVERAL STOCK INDICES IN INDONESIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Robiyanto Robiyanto

    2017-03-01

    Full Text Available There are numerous stock indices in Indonesia Stock Exchange. Several of them are LQ-45, MBX, DBX, JII, SRI-KEHATI, PEFINDO-25, BISNIS-27, IDX-30 and KOMPAS-100. Unfortunately there are limi­ted researches which have been done to measure those indices performance specifically. The same condition also occurs on risk aversion level usage in Indonesia Stock Exchange, only few numbers of researches use this me­a­surement in the portfolio valuation. Based on that, this research measured the performance and risk aversion rate of those indices in Indonesia Stock Exchange. The results of this study were SRI-KEHATI becomes the best performer with the highest risk aversion rate, while Jakarta Islamic Index (JII produces the lowest positive per­formance with the lowest risk aversion rate. This finding shows that sharia stocks’ characters (i.e. usury free could give relieveness and convenience regardless its per­formance.

  3. Chinook salmon Genetic Stock Identification data - Genetic Stock Identification of Washington Chinook salmon

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This project evaluates data from coded wire tagging with that from parental based tagging to identify stock of origin for Chinook salmon landed in Washington state...

  4. SKEWNESS IN STOCK RETURNS: EVIDENCE FROM THE BUCHAREST STOCK EXCHANGE DURING 2000 – 2011

    Directory of Open Access Journals (Sweden)

    IULIAN PANAIT

    2012-05-01

    Full Text Available Our paper investigates the symmetry in stock returns of the 30 most liquid companies traded on Bucharest Stock Exchange during 2000 – 2011 and also the most representative 5 market indices. Our daily data shows that skewness estimates are slightly negative for most indices and individual stocks, but only a few present values significantly different from the characteristics of a normal distribution. We compare our results with skewness estimates for 21 major and emerging stock market indices around the world and find that such results are similar to other low capitalization and trading volume markets. For all the Romanian and international assets studied, the Studentized-Range (St-R and Jarque-Bera (J-B tests reject the hypothesis of normal distribution of daily returns.

  5. Unravelling Thiol’s Role in Directing Asymmetric Growth of Au Nanorod–Au Nanoparticle Dimers

    KAUST Repository

    Huang, Jianfeng

    2015-12-15

    Asymmetric nanocrystals have practical significance in nanotechnologies but present fundamental synthetic challenges. Thiol ligands have proven effective in breaking the symmetric growth of metallic nanocrystals but their exact roles in the synthesis remain elusive. Here, we synthesized an unprecedented Au nanorod-Au nanoparticle (AuNR-AuNP) dimer structure with the assistance of a thiol ligand. On the basis of our experimental observations, we unraveled for the first time that the thiol could cause an inhomogeneous distribution of surface strains on the seed crystals as well as a modulated reduction rate of metal precursors, which jointly induced the asymmetric growth of monometallic dimers. © 2015 American Chemical Society.

  6. Apprentissages techniques : L'apprentissage au CERN

    CERN Multimedia

    2004-01-01

    APPRENTISSAGES TECHNIQUES GESTION ET DEVELOPPEMENT DU PERSONNEL HR/PMD L'APPRENTISSAGE AU CERN pour les professions d'électronicien(ne) et de laborantin(e) en physique L'apprentissage au CERN est régi par les lois, règlements et contrats en vigueur dans le Canton de Genève. En cas de réussite à l'examen de fin d'apprentissage, les apprentis obtiennent le Certificat Fédéral de Capacité Suisse (CFC). 7 places au total sont ouvertes au recrutement pour les deux professions. L'apprentissage dure 4 ans. Minima requis pour faire acte de candidature : • avoir au moins 15 ans et moins de 21 ans à la date de début de l'apprentissage • avoir terminé la scolarité obligatoire, au minimum 9ème du Cycle d'orientation genevois (3ème en France) • être ressortissant d'un pays membre du CERN (Allemagne, Autriche, Belgiqu...

  7. Increased topsoil carbon stock across China's forests.

    Science.gov (United States)

    Yang, Yuanhe; Li, Pin; Ding, Jinzhi; Zhao, Xia; Ma, Wenhong; Ji, Chengjun; Fang, Jingyun

    2014-08-01

    Biomass carbon accumulation in forest ecosystems is a widespread phenomenon at both regional and global scales. However, as coupled carbon-climate models predicted, a positive feedback could be triggered if accelerated soil carbon decomposition offsets enhanced vegetation growth under a warming climate. It is thus crucial to reveal whether and how soil carbon stock in forest ecosystems has changed over recent decades. However, large-scale changes in soil carbon stock across forest ecosystems have not yet been carefully examined at both regional and global scales, which have been widely perceived as a big bottleneck in untangling carbon-climate feedback. Using newly developed database and sophisticated data mining approach, here we evaluated temporal changes in topsoil carbon stock across major forest ecosystem in China and analysed potential drivers in soil carbon dynamics over broad geographical scale. Our results indicated that topsoil carbon stock increased significantly within all of five major forest types during the period of 1980s-2000s, with an overall rate of 20.0 g C m(-2) yr(-1) (95% confidence interval, 14.1-25.5). The magnitude of soil carbon accumulation across coniferous forests and coniferous/broadleaved mixed forests exhibited meaningful increases with both mean annual temperature and precipitation. Moreover, soil carbon dynamics across these forest ecosystems were positively associated with clay content, with a larger amount of SOC accumulation occurring in fine-textured soils. In contrast, changes in soil carbon stock across broadleaved forests were insensitive to either climatic or edaphic variables. Overall, these results suggest that soil carbon accumulation does not counteract vegetation carbon sequestration across China's forest ecosystems. The combination of soil carbon accumulation and vegetation carbon sequestration triggers a negative feedback to climate warming, rather than a positive feedback predicted by coupled carbon-climate models

  8. The impact of leverage on stock returns: an empirical test on the Australian stock market

    OpenAIRE

    Thuy Linh, Doan

    2009-01-01

    Asset pricing model is no longer a new topic to theoretical finance but it still maintains researchers’ interest until now. The role of firm characteristics in explaining the stock returns becomes more and more significant in the empirical studies. The Fama French three factor is the most famous model of testing the firm characteristics: size effect and book to market effect on stock returns. However, this model does not include leverage, one of the most important firm characteristics. Starti...

  9. 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 ...

  10. Random Walks in Stock Exchange Prices and the Vienna Stock Exchange

    OpenAIRE

    Huber, Peter

    1995-01-01

    This paper uses the multiple variance ratio test procedure developed by Chow and Denning (1993) to test for a random walk of stock returns on the Austrian Stock Exchange. I find that with daily data the test rejects the random walk hypothesis at all conventional significance levels for each and every title and for both indeces tested. Individual shares, however, do seem to follow a random walk when weekly returns are considered, while the hypothesis is rejected for both indices. Dieser Art...

  11. Alternatives in international diversification for investment portfolios focused in stocks of Lima Stock Exchange

    Directory of Open Access Journals (Sweden)

    Juan Carlos Ames Santillán

    2012-06-01

    Full Text Available This paper gives an estimation of efficient frontiers for investment portfolios, they include stocks from Lima Stock Exchange General Index, Dow Jones Industrial Average, Gold, Cooper, Fixed Income Instruments of Peruvian government and savings in Peruvian financial institutions. The paper concludes that risk of investment in local portfolio reduces as a consequence of diversification, gold is an important asset and contributes to reduce portfolio risk.

  12. Alternatives in international diversification for investment portfolios focused in stocks of Lima Stock Exchange

    OpenAIRE

    Ames Santillán, Juan Carlos

    2012-01-01

    This paper gives an estimation of efficient frontiers for investment portfolios, they include stocks from Lima Stock Exchange General Index, Dow Jones Industrial Average, Gold, Cooper, Fixed Income Instruments of Peruvian government and savings in Peruvian financial institutions. The paper concludes that risk of investment in local portfolio reduces as a consequence of diversification, gold is an important asset and contributes to reduce portfolio risk. El presente trabajo estima la fronte...

  13. Alternatives in international diversification for investment portfolios focused in stocks of Lima Stock Exchange

    OpenAIRE

    Juan Carlos Ames Santillán

    2012-01-01

    This paper gives an estimation of efficient frontiers for investment portfolios, they include stocks from Lima Stock Exchange General Index, Dow Jones Industrial Average, Gold, Cooper, Fixed Income Instruments of Peruvian government and savings in Peruvian financial institutions. The paper concludes that risk of investment in local portfolio reduces as a consequence of diversification, gold is an important asset and contributes to reduce portfolio risk.

  14. 7 CFR 1610.9 - Class B stock.

    Science.gov (United States)

    2010-01-01

    ... POLICIES § 1610.9 Class B stock. Borrowers receiving loans from the Bank shall be required to invest in class B stock at 5 percent of the total amount of loan funds advanced. Borrowers may purchase class B... 7 Agriculture 11 2010-01-01 2010-01-01 false Class B stock. 1610.9 Section 1610.9 Agriculture...

  15. 26 CFR 1.552-3 - Stock ownership requirement.

    Science.gov (United States)

    2010-04-01

    ... (CONTINUED) INCOME TAXES (CONTINUED) Foreign Personal Holding Companies § 1.552-3 Stock ownership requirement... more than 50 percent in value of the outstanding stock of the foreign corporation be owned, directly or... section 544 (relating to rules for determining stock ownership in the case of personal holding companies...

  16. U.S. monetary shocks and global stock prices

    NARCIS (Netherlands)

    Laeven, L.; Tong, H.

    2012-01-01

    This paper studies how US monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in US interest rates, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for sectors that

  17. 12 CFR 615.5250 - Disclosure requirements for borrower stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Disclosure requirements for borrower stock. 615... Disclosure requirements for borrower stock. (a) For sales of borrower stock, which for this subpart means... an at-risk investment and not a compensating balance; (ii) That the equity is retireable only at the...

  18. Maintenance in Railway Rolling Stock Rescheduling for Passenger Railways

    NARCIS (Netherlands)

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

    2015-01-01

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

  19. 7 CFR 1216.9 - Farmers stock peanuts.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 10 2010-01-01 2010-01-01 false Farmers stock peanuts. 1216.9 Section 1216.9... INFORMATION ORDER Peanut Promotion, Research, and Information Order Definitions § 1216.9 Farmers stock peanuts. Farmers stock peanuts means picked or threshed peanuts produced in the United States which have not been...

  20. Information Asymmetry and Financing Decisions: Evidence from Iran Stock Exchange

    OpenAIRE

    Mehdi Elhaei Sahar; Seyed Ali Vaez

    2013-01-01

    This study aims to investigate the relations of information asymmetry and financing decisions in Tehran Stock Exchange (TSE) during 2009 to 2011. Our statistical simple consist 170 firms and stepwise regression method has been used. We found that the relationship between information asymmetry and stock issuing is negative. Other results refer to positive relation between financing deficit and stock issuing.

  1. 26 CFR 1.1296-2 - Definition of marketable stock.

    Science.gov (United States)

    2010-04-01

    ... means— (1) Passive foreign investment company (PFIC) stock that is regularly traded, as defined in... section, a class of stock that is traded on one or more qualified exchanges or other markets, as defined... (B) The rules of the exchange effectively promote active trading of listed stocks. (2) Exchange with...

  2. The zero inflation of standing dead tree carbon stocks

    Science.gov (United States)

    Christopher W. Woodall; David W. MacFarlane

    2012-01-01

    Given the importance of standing dead trees in numerous forest ecosystem attributes/processes such as carbon (C) stocks, the USDA Forest Service’s Forest Inventory and Analysis (FIA) program began consistent nationwide sampling of standing dead trees in 1999. Modeled estimates of standing dead tree C stocks are currently used as the official C stock estimates for the...

  3. 12 CFR 931.6 - Transfer of capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Transfer of capital stock. 931.6 Section 931.6 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK RISK MANAGEMENT AND CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.6 Transfer of capital stock. A Bank in its capital plan...

  4. Stocking equations for regeneration in mixed oak stands

    Science.gov (United States)

    Songlin Fei; Kim C. Steiner; James C. Finley

    2007-01-01

    Regeneration stocking equations for mixed-oak stands were developed based on data collected from nearly 14,000 plots in the central Appalachians. Maximum stand density was identified by plotting aggregate height against number of seedlings per plot, and was used as the reference level of the average maximum stand density (100 percent stocking or A-level stocking)....

  5. 12 CFR 575.8 - Contents of Stock Issuance Plans.

    Science.gov (United States)

    2010-01-01

    ... extent applicable, Form OC; (11) Provide that the sales price of the shares of stock to be sold in the... shall be sold at a total price equal to the estimated pro forma market value of such stock, based upon... shares of the savings association's common stock or 4.9 percent of the savings association's stockholders...

  6. 26 CFR 1.338-8 - Asset and stock consistency.

    Science.gov (United States)

    2010-04-01

    ... that are controlled foreign corporations. (6) Stock consistency. This section limits the application of... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Asset and stock consistency. 1.338-8 Section 1... (CONTINUED) INCOME TAXES Effects on Corporation § 1.338-8 Asset and stock consistency. (a) Introduction—(1...

  7. 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.

  8. Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash

    Directory of Open Access Journals (Sweden)

    Meric Ilhan

    2015-08-01

    Full Text Available Empirical studies show that correlation between national stock markets increased and the benefits of global portfolio diversification decreased significantly after the global stock market crash of 1987. The 1987 and 2008 crashes are the two most important global stock market crashes since the 1929 Great depression. Although the effects of the 1987 crash on the comovements of national stock markets have been investigated extensively, the effects of the 2008 crash have not been studied sufficiently. In this paper we study this issue with a research sample that includes the U.S stock market and twenty European stock markets. We find that correlation between the twenty-one stock markets increased and the benefits of portfolio diversification decreased significantly after the 2008 stock market crash.

  9. Improving capacity of stock assessment for sea turtles: using ocean circulation modeling to inform genetic mixed stock analysis

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — Genetic approaches have been useful for assigning stock ID to sea turtles caught as bycatch in fisheries, or determining stock composition at foraging grounds. In...

  10. Evidence of final-state suppression of high-p{_ T} hadrons in Au + Au collisions using d + Au measurements at RHIC

    Science.gov (United States)

    Back, B. B.; Baker, M. D.; Ballintijn, M.; Barton, D. S.; Becker, B.; Betts, R. R.; Bickley, A. A.; Bindel, R.; Busza, W.; Carroll, A.; Decowski, M. P.; García, E.; Gburek, T.; George, N.; Gulbrandsen, K.; Gushue, S.; Halliwell, C.; Hamblen, J.; Harrington, A. S.; Henderson, C.; Hofman, D. J.; Hollis, R. S.; Hołyński, R.; Holzman, B.; Iordanova, A.; Johnson, E.; Kane, J. L.; Khan, N.; Kulinich, P.; Kuo, C. M.; Lee, J. W.; Lin, W. T.; Manly, S.; Mignerey, A. C.; Nouicer, R.; Olszewski, A.; Pak, R.; Park, I. C.; Pernegger, H.; Reed, C.; Roland, C.; Roland, G.; Sagerer, J.; Sarin, P.; Sedykh, I.; Skulski, W.; Smith, C. E.; Steinberg, P.; Stephans, G. S. F.; Sukhanov, A.; Tonjes, M. B.; Trzupek, A.; Vale, C.; van Nieuwenhuizen, G. J.; Verdier, R.; Veres, G. I.; Wolfs, F. L. H.; Wosiek, B.; Woźniak, K.; Wysłouch, B.; Zhang, J.

    Transverse momentum spectra of charged hadrons with pT 2 GeV/c). In contrast, the d + Au nuclear modification factor exhibits no suppression of the high-pT yields. These measurements suggest a large energy loss of the high-pT particles in the highly interacting medium created in the central Au + Au collisions. The lack of suppression in d + Au collisions suggests that it is unlikely that initial state effects can explain the suppression in the central Au + Au collisions. PACS: 25.75.-q

  11. Analysis of Asset Growth Anomaly on Cross-Section Stock Returns: Evidence from Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Muhammad Iqbal

    2017-06-01

    Full Text Available Assorted types of market anomalies occur when stock prices deviate from the prediction of classical asset pricing theories. This study aims to examine asset growth anomaly where stocks with high asset growth will be followed by low returns in the subsequent periods. This study, using Indonesia Stock Exchanges data, finds that an equally-weighted low-growth portfolio outperforms high-growth portfolio by average 0.75% per month (9% per annum, confirming existence of asset growth anomaly. The analysis is extended at individual stock-level using fixed-effect panel regression in which asset growth effect remains significant even with controlling other variables of stock return determinants. This study also explores further whether asset growth can be included as risk factor. Employing two-stage cross-section regression in Fama and Macbeth (1973, the result aligns with some prior studies that asset growth is not a new risk factor; instead the anomaly is driven by mispricing due to investors’ overreaction and psychological bias. This result imply that asset growth anomaly is general phenomenon that can be found at mostly all stock market but in Indonesia market asset growth anomaly rise from investors’ overreaction, instead of  playing as a factor of risk.

  12. Analysis of Asset Growth Anomaly on Cross-Section Stock Returns: Evidence from Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Muhammad Iqbal

    2017-03-01

    Full Text Available Assorted types of market anomalies occur when stock prices deviate from the prediction of classical asset pricing theories. This study aims to examine asset growth anomaly where stocks with high asset growth will be followed by low returns in the subsequent periods. This study, using Indonesia Stock Exchanges data, finds that an equally-weighted low-growth portfolio outperforms high-growth portfolio by average 0.75% per month (9% per annum, confirming existence of asset growth anomaly. The analysis is extended at individual stock-level using fixed-effect panel regression in which asset growth effect remains significant even with controlling other variables of stock return determinants. This study also explores further whether asset growth can be included as risk factor. Employing two-stage cross-section regression in Fama and Macbeth (1973, the result aligns with some prior studies that asset growth is not a new risk factor; instead the anomaly is driven by mispricing due to investors’ overreaction and psychological bias. This result imply that asset growth anomaly is general phenomenon that can be found at mostly all stock market but in Indonesia market asset growth anomaly rise from investors’ overreaction, instead of  playing as a factor of risk.

  13. Stock or stroke? Stock market movement and stroke incidence in Taiwan.

    Science.gov (United States)

    Chen, Chun-Chih; Chen, Chin-Shyan; Liu, Tsai-Ching; Lin, Ying-Tzu

    2012-12-01

    This paper investigates the impact of stock market movement on incidences of stroke utilizing population-based aggregate data in Taiwan. Using the daily data from the Taiwan Stock Exchange Capitalization Weighted Stock Index and from the National Health Insurance Research Database during 2001/1/1-2007/12/31, which consist of 2556 observations, we examine the effects of stock market on stroke incidence - the level effect and the daily change effects. In general, we find that both a low stock index level and a daily fall in the stock index are associated with greater incidences of stroke. We further partition the data on sex and age. The level effect is found to be significant for either gender, in the 45-64 and 65 ≥ age groups. In addition, two daily change effects are found to be significant for males and the elderly. Although stockholdings can increase wealth, they can also increase stroke incidence, thereby representing a cost to health. Copyright © 2012 Elsevier Ltd. All rights reserved.

  14. Portfolio volatility of Islamic and conventional stock: The case of Indonesia stock market

    Directory of Open Access Journals (Sweden)

    Aldrin Herwany

    2013-12-01

    Full Text Available Conventional finance suggests that the higher the risk of an investment, the higher the return it should give. Nevertheless, whether Islamic stocks that offer alternative investment in the stock market suggest different risk-return relationship still needs to be investigated. This empirical study is aimed at assessing risk-return behavior of Islamic stocks. This study employs cross sectional data of portfolio developed using beta-rank and market capitalization, in which daily data will better reflect the real volatility. This study also measures volatility of both conventional and Islamic stocks using Value-at-Risk (VaR. To check whether Islamic stocks are immune from any impact of financial crisis, this study utilizes three periods of observation, i.e., before, during and after the 2008 crisis. This study assesses risk and return using Multi-index model, in which variables tested are the respective fundamental factors. Results of this study will provide more accurate approach in Islamic stocks analysis.

  15. Is Stock Market Crash Predictable? The Case Study of Stock Markets in Malaysia, Indonesia, Korea and Singapore

    OpenAIRE

    Ng, Ho Keng

    2008-01-01

    What is the stock market? A stock market is a market place that enables trading of company stocks, other forms of securities (such as bonds, debentures, and equity securities) and derivatives (for example, futures, forwards, options, and swaps). Stock market is an important source for companies or fund raisers to raise money and for investors or traders to make or loose money. It is also a market place for speculators to make arbitraged investment for financial gain. Due to its complexity and...

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

    OpenAIRE

    Mia Twu

    2010-01-01

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

  17. National evaluation commission relative to the researches on the radioactive wastes management; Commission nationale d'evaluation relative aux recherches sur la gestion des dechets radioactifs

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-07-01

    Implemented in april 1994, the National Evaluation Commission (CNE) continues in this tenth report, its study on the radioactive wastes management following the three axis defined by the 1991 law: separation and transmutation, underground disposal, conditioning and log time storage. This report takes stock on the CNE activity in 2003 as on the researches advances around these three axis. In the framework of the international cooperation, the commission details also the researches and realizations abroad. (A.L.B.)

  18. 100-MeV proton beam intensity measurement by Au activation analysis using {sup 197}Au(p, pn){sup 196}Au and {sup 197}Au(p, p3n){sup 194}Au reactions

    Energy Technology Data Exchange (ETDEWEB)

    Mokhtari Oranj, Leila [Division of Advanced Nuclear Engineering, POSTECH, Pohang 37673 (Korea, Republic of); Jung, Nam-Suk; Oh, Joo-Hee [Pohang Accelerator Laboratory, POSTECH, Pohang 37673 (Korea, Republic of); Lee, Hee-Seock, E-mail: lee@postech.ac.kr [Pohang Accelerator Laboratory, POSTECH, Pohang 37673 (Korea, Republic of)

    2016-05-15

    The proton beam intensity of a 100-MeV proton linac at the Korea Multi-purpose Accelerator Complex (KOMAC) was measured by an Au activation analysis using {sup 197}Au(p, pn){sup 196}Au and {sup 197}Au(p, p3n){sup 194}Au reactions to determine the accuracy and precision of beam intensity measurement using Gafchromic film dosimetry method. The target, irradiated by 100-MeV protons, was arranged in a stack consisting of Au, Al foils and Pb plates. The yields of produced radio-nuclei in Au foils were obtained by gamma-ray spectroscopy. The FLUKA code was employed to calculate the energy spectrum of protons onto the front surface of Au foils located at three different depth points of the target and also to investigate the condition of incident beam on the target. A good agreement was found between the beam intensity measurements using the activation analysis method at three different depth points of the target. An excellent agreement was also observed between the beam intensity measurements using the Au activation analysis method and the dosimetry method using Gafchromic film.

  19. 12 CFR 221.114 - Bank loans to purchase stock of American Telephone and Telegraph Company under Employees' Stock...

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Bank loans to purchase stock of American...) Interpretations § 221.114 Bank loans to purchase stock of American Telephone and Telegraph Company under Employees' Stock Plan. (a) The Board of Governors interpreted this part in connection with proposed loans by a bank...

  20. 26 CFR 1.1032-3 - Disposition of stock or stock options in certain transactions not qualifying under any other...

    Science.gov (United States)

    2010-04-01

    ... acquiring entity disposes of the stock of the issuing corporation, the acquiring entity purchased the issuing corporation's stock from the issuing corporation for fair market value with cash contributed to... stock of the issuing corporation. If the issuing corporation receives money or other property in payment...

  1. Effect of Au Precursor and Support on the Catalytic Activity of the Nano-Au-Catalysts for Propane Complete Oxidation

    Directory of Open Access Journals (Sweden)

    Arshid M. Ali

    2015-01-01

    Full Text Available Catalytic activity of nano-Au-catalyst(s for the complete propane oxidation was investigated. The results showed that the nature of both Au precursor and support strongly influences catalytic activity of the Au-catalyst(s for the propane oxidation. Oxidation state, size, and dispersion of Au nanoparticles in the Au-catalysts, surface area, crystallinity, phase structure, and redox property of the support are the key aspects for the complete propane oxidation. Among the studied Au-catalysts, the AuHAuCl4-Ce catalyst is found to be the most active catalyst.

  2. Toward hybrid Au nanorods @ M (Au, Ag, Pd and Pt) core-shell heterostructures for ultrasensitive SERS probes

    Science.gov (United States)

    Xie, Xiaobin; Gao, Guanhui; Kang, Shendong; Lei, Yanhua; Pan, Zhengyin; Shibayama, Tamaki; Cai, Lintao

    2017-06-01

    Being able to precisely control the morphologies of noble metallic nanostructures is of essential significance for promoting the surface-enhanced Raman scattering (SERS) effect. Herein, we demonstrate an overgrowth strategy for synthesizing Au @ M (M = Au, Ag, Pd, Pt) core-shell heterogeneous nanocrystals with an orientated structural evolution and highly improved properties by using Au nanorods as seeds. With the same reaction condition system applied, we obtain four well-designed heterostructures with diverse shapes, including Au concave nanocuboids (Au CNs), Au @ Ag crystalizing face central cube nanopeanuts, Au @ Pd porous nanocuboids and Au @ Pt nanotrepangs. Subsequently, the exact overgrowth mechanism of the above heterostructural building blocks is further analysed via the systematic optimiziation of a series of fabrications. Remarkably, the well-defined Au CNs and Au @ Ag nanopeanuts both exhibit highly promoted SERS activity. We expect to be able to supply a facile strategy for the fabrication of multimetallic heterogeneous nanostructures, exploring the high SERS effect and catalytic activities.

  3. INDRA at GSI; INDRA au GSI

    Energy Technology Data Exchange (ETDEWEB)

    Bougault, R.; Bocage, F.; Durand, D.; Lopez, O.; Steckmeyer, J.C.; Tamain, B.; Vient, E. [Lab. de Physique Corpusculaire, Caen Univ., 14 (France); Collaboration INDRA: IPN-Orsay, DAPNIA-Saclay, SUBATECH-Nantes, IPN- Lyon, GANIL-Caen

    1997-12-31

    In connection to the decision of installing the INDRA detector by the SIS synchrocyclotron at GSI (Darmstadt, Germany) the report presents the tasks taken into account by the LPC-Caen. These refer to the detector displacement and (mechanical) installation at GSI, the tests before beam (i.e. electronics acquisition software, detectors, etc.) as well as the data acquisition and processing. The physical pro-arguments mention the possibility of disposing of heavy ion beams in a range from 50 MeV to several GeV/nucleon so extending the study of multifragmentation done at GANIL between 30 and 90 MeV/nucleon. More specific, the scientific program of INDRA at GSI inserts studies between those done at around Fermi energy, were the reaction mechanisms are of type of deep inelastic scattering/incomplete fusion, and the studies in the relativistic energy domain where the individual properties of nucleons and transparency of nuclear matter implies mechanisms of the participant-spectator type (fire-ball creation). Also mentioned as fields of extensive studies are: the multifragmentation and its fundamental relation with the nuclear matter equation of state, the role of reaction dynamics in the appearance of collective effects of the radial flow type and its relations with the nuclear compressibility and phase transitions and the thermodynamics of nuclear matter. It appeared that the heavy systems Xe + Sn and Au + Au are the best compromise for the different topics to be approached. The bombarding energies extend from 50 to 150 MeV/nucleon. The report ends with the table giving for six heavy systems (Xe + Sn, Au + Au, C + Au, Ar + Au and P + Au) the required bombarding energies 15 refs.

  4. Au Kenya, des oiseaux nuisent à une culture adaptée au climat ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    23 août 2013 ... Selon Evans Kituyi, spécialiste de programme principal au Centre de ... principal au Gadam Sorghum Production and Marketing Project. Si les graines occupent une place de premier plan dans l'alimentation des oiseaux, ...

  5. The extraction characteristic of Au-Ag from Au concentrate by thiourea solution

    Science.gov (United States)

    Kim, Bongju; Cho, Kanghee; On, Hyunsung; Choi, Nagchoul; Park, Cheonyoung

    2013-04-01

    The cyanidation process has been used commercially for the past 100 years, there are ores that are not amenable to treatment by cyanide. Interest in alternative lixiviants, such as thiourea, halogens, thiosulfate and malononitrile, has been revived as a result of a major increase in gold price, which has stimulated new developments in extraction technology, combined with environmental concern. The Au extraction process using the thiourea solvent has many advantages over the cyanidation process, including higher leaching rates, faster extraction time and less than toxicity. The purpose of this study was investigated to the extraction characteristic of Au-Ag from two different Au concentrate (sulfuric acid washing and roasting) under various experiment conditions (thiourea concentration, pH of solvent, temperature) by thiourea solvent. The result of extraction experiment showed that the Au-Ag extraction was a fast extraction process, reaching equilibrium (maximum extraction rate) within 30 min. The Au-Ag extraction rate was higher in the roasted concentrate than in the sulfuric acid washing. The higher the Au-Ag extraction rate (Au - 70.87%, Ag - 98.12%) from roasted concentrate was found when the more concentration of thiourea increased, pH decreased and extraction temperature increased. This study informs extraction method basic knowledge when thiourea was a possibility to eco-/economic resources of Au-Ag utilization studies including the hydrometallurgy.

  6. Search for hyperheavy toroidal nuclear structures formed in Au + Au collisions

    International Nuclear Information System (INIS)

    Sochocka, A.; Planeta, R.; Starypan, Z.; Benisz, A.; Hachaj, P.; Nicolis, N.G.

    2008-01-01

    We study the feasibility of an experimental observation of toroidal breakup configurations in Au+Au collisions using the CHIMERA multidetector system. BUU simulations indicate that the threshold energy for toroidal configuration is around 23 MeV/nucleon. The simulations of decay process using the ETNA code indicate the sensitivity of some observables to different studied break-up geometries. (author)

  7. Au/ZnO nanoarchitectures with Au as both supporter and antenna of visible-light

    Energy Technology Data Exchange (ETDEWEB)

    Liu, Tianyu; Chen, Wei; Hua, Yuxiang; Liu, Xiaoheng, E-mail: xhliu@mail.njust.edu.cn

    2017-01-15

    Highlights: • An inversed Au/ZnO nanostructure was fabricated with ZnO loaded onto Au. • The Au/ZnO nanocomposites showed enhanced properties in visible-light photocatalysis. • The SPR effect of Au was considered important for visible-light photocatalysis. - Abstract: In this paper, we fabricate Au/ZnO nanostructure with smaller ZnO nanoparticles loaded onto bigger gold nanoparticles via combining seed-mediated method and sol-gel method. The obtained Au/ZnO nanocomposites exhibit excellent properties in photocatalysis process like methyl orange (MO) degradation and oxidative conversion of methanol into formaldehyde under visible light irradiation. The enhanced properties were ascribed to the surface plasmon resonance (SPR) effect of Au nanoparticles, which could contribute to the separation of photo-excited electrons and holes and facilitate the process of absorbing visible light. This paper contributes to the emergence of multi-functional nanocomposites with possible applications in visible-light driven photocatalysts and makes the Au/ZnO photocatalyst an exceptional choice for practical applications such as environmental purification of organic pollutants in aqueous solution and the synthesis of fine chemicals and intermediates.

  8. Identified particles in Au+Au collisions at S=200 GeV

    Science.gov (United States)

    Phobos Collaboration; Wosiek, Barbara; Back, B. B.; Baker, M. D.; Barton, D. S.; Betts, R. R.; Ballintijn, M.; Bickley, A. A.; Bindel, R.; Budzanowski, A.; Busza, W.; Carroll, A.; Decowski, M. P.; García, E.; George, N.; Gulbrandsen, K.; Gushue, S.; Halliwell, C.; Hamblen, J.; Heintzelman, G. A.; Henderson, C.; Hofman, D. J.; Hollis, R. S.; Hołyński, R.; Holzman, B.; Iordanova, A.; Johnson, E.; Kane, J. L.; Katzy, J.; Khan, N.; Kucewicz, W.; Kulinich, P.; Kuo, C. M.; Manly, S.; McLeod, D.; Michałowski, J.; Mignerey, A. C.; Nouicer, R.; Olszewski, A.; Pak, R.; Park, I. C.; Pernegger, H.; Reed, C.; Remsberg, L. P.; Reuter, M.; Roland, C.; Roland, G.; Rosenberg, L.; Sagerer, J.; Sarin, P.; Sawicki, P.; Skulski, W.; Steadman, S. G.; Steinberg, P.; Stephans, G. S. F.; Stodulski, M.; Sukhanov, A.; Tang, J.-L.; Teng, R.; Trzupek, A.; Vale, C.; van Nieuwenhuizen, G. J.; Verdier, R.; Wadsworth, B.; Wolfs, F. L. H.; Wosiek, B.; Woźniak, K.; Wuosmaa, A. H.; Wysłouch, B.

    2003-03-01

    The yields of identified particles have been measured at RHIC for Au+Au collisions at S=200 GeV using the PHOBOS spectrometer. The ratios of antiparticle to particle yields near mid-rapidity are presented. The first measurements of the invariant yields of charged pions, kaons and protons at very low transverse momenta are also shown.

  9. Au/ZnO nanoarchitectures with Au as both supporter and antenna of visible-light

    International Nuclear Information System (INIS)

    Liu, Tianyu; Chen, Wei; Hua, Yuxiang; Liu, Xiaoheng

    2017-01-01

    Highlights: • An inversed Au/ZnO nanostructure was fabricated with ZnO loaded onto Au. • The Au/ZnO nanocomposites showed enhanced properties in visible-light photocatalysis. • The SPR effect of Au was considered important for visible-light photocatalysis. - Abstract: In this paper, we fabricate Au/ZnO nanostructure with smaller ZnO nanoparticles loaded onto bigger gold nanoparticles via combining seed-mediated method and sol-gel method. The obtained Au/ZnO nanocomposites exhibit excellent properties in photocatalysis process like methyl orange (MO) degradation and oxidative conversion of methanol into formaldehyde under visible light irradiation. The enhanced properties were ascribed to the surface plasmon resonance (SPR) effect of Au nanoparticles, which could contribute to the separation of photo-excited electrons and holes and facilitate the process of absorbing visible light. This paper contributes to the emergence of multi-functional nanocomposites with possible applications in visible-light driven photocatalysts and makes the Au/ZnO photocatalyst an exceptional choice for practical applications such as environmental purification of organic pollutants in aqueous solution and the synthesis of fine chemicals and intermediates.

  10. VOLATILITY AND KURTOSIS OF DAILY STOCK RETURNS AT MSE

    Directory of Open Access Journals (Sweden)

    Zoran Ivanovski

    2015-12-01

    Full Text Available Prominent financial stock pricing models are built on assumption that asset returns follow a normal (Gaussian distribution. However, many authors argue that in the practice stock returns are often characterized by skewness and kurtosis, so we test the existence of the Gaussian distribution of stock returns and calculate the kurtosis of several stocks at the Macedonian Stock Exchange (MSE. Obtaining information about the shape of distribution is an important step for models of pricing risky assets. The daily stock returns at Macedonian Stock Exchange (MSE are characterized by high volatility and non-Gaussian behaviors as well as they are extremely leptokurtic. The analysis of MSE time series stock returns determine volatility clustering and high kurtosis. The fact that daily stock returns at MSE are not normally distributed put into doubt results that rely heavily on this assumption and have significant implications for portfolio management. We consider this stock market as good representatives of emerging markets. Therefore, we argue that our results are valid for other similar emerging stock markets.

  11. Stock portfolio selection using Dempster–Shafer evidence theory

    Directory of Open Access Journals (Sweden)

    Gour Sundar Mitra Thakur

    2018-04-01

    Full Text Available Markowitz’s return–risk model for stock portfolio selection is based on the historical return data of assets. In addition to the effect of historical return, there are many other critical factors which directly or indirectly influence the stock market. We use the fuzzy Delphi method to identify the critical factors initially. Factors having lower correlation coefficients are finally considered for further consideration. The critical factors and historical data are used to apply Dempster–Shafer evidence theory to rank the stocks. Then, a portfolio selection model that prefers stocks with higher rank is proposed. Illustration is done using stocks under Bombay Stock Exchange (BSE. Simulation is done by Ant Colony Optimization. The performance of the outcome is found satisfactory when compared with recent performance of the assets. Keywords: Stock portfolio selection, Ranking, Dempster–Shafer evidence theory, Ant Colony Optimization, Fuzzy Delphi method

  12. Quantum Brownian motion model for the stock market

    Science.gov (United States)

    Meng, Xiangyi; Zhang, Jian-Wei; Guo, Hong

    2016-06-01

    It is believed by the majority today that the efficient market hypothesis is imperfect because of market irrationality. Using the physical concepts and mathematical structures of quantum mechanics, we construct an econophysical framework for the stock market, based on which we analogously map massive numbers of single stocks into a reservoir consisting of many quantum harmonic oscillators and their stock index into a typical quantum open system-a quantum Brownian particle. In particular, the irrationality of stock transactions is quantitatively considered as the Planck constant within Heisenberg's uncertainty relationship of quantum mechanics in an analogous manner. We analyze real stock data of Shanghai Stock Exchange of China and investigate fat-tail phenomena and non-Markovian behaviors of the stock index with the assistance of the quantum Brownian motion model, thereby interpreting and studying the limitations of the classical Brownian motion model for the efficient market hypothesis from a new perspective of quantum open system dynamics.

  13. What Is the Expected Return on a Stock?

    DEFF Research Database (Denmark)

    Martin, Ian; Wagner, Christian

    We derive a formula that expresses the expected return on a stock in terms of the risk-neutral variance of the market and the stock's excess risk-neutral variance relative to the average stock. These components can be computed from index and stock option prices; the formula has no free parameters....... We test the theory in-sample by running panel regressions of stock returns onto risk-neutral variances. The formula performs well at 6-month and 1-year forecasting horizons, and our predictors drive out beta, size, book-to-market, and momentum. Out-of-sample, we find that the formula outperforms...... a range of competitors in forecasting individual stock returns. Our results suggest that there is considerably more variation in expected returns, both over time and across stocks, than has previously been acknowledged....

  14. Influence of Au Nanoparticle Shape on Au@Cu2O Heterostructures

    Directory of Open Access Journals (Sweden)

    Jie Zhu

    2015-01-01

    Full Text Available Synthesis of metal-semiconductor heterostructures may allow the combination of function of the corresponding components and/or the enhanced performance resulting from the interactions between all the components. In this paper, Au@Cu2O core-shell heterostructures are prepared by a seed-growth method, using different-shaped Au nanocrystals as the seeds such as nanorods, octahedra, decahedra, dots, and nanocubes. The results revealed that the final structure of Au@Cu2O was greatly influenced by the shape of the seeds used. Exposure of Cu2O{111} and Cu2O{001} favored when the overgrowth happened on Au{111} and Au{001} surface, respectively. The size of the product can also be tuned by the amount of the seeds. The results reported here provide a thinking clue to modulate the shape and size of core-shell nanocrystals, which is useful in developing new materials with desired performance.

  15. An autocatalytic network model for stock markets

    Science.gov (United States)

    Caetano, Marco Antonio Leonel; Yoneyama, Takashi

    2015-02-01

    The stock prices of companies with businesses that are closely related within a specific sector of economy might exhibit movement patterns and correlations in their dynamics. The idea in this work is to use the concept of autocatalytic network to model such correlations and patterns in the trends exhibited by the expected returns. The trends are expressed in terms of positive or negative returns within each fixed time interval. The time series derived from these trends is then used to represent the movement patterns by a probabilistic boolean network with transitions modeled as an autocatalytic network. The proposed method might be of value in short term forecasting and identification of dependencies. The method is illustrated with a case study based on four stocks of companies in the field of natural resource and technology.

  16. Black swans in the brazilian stock market

    Directory of Open Access Journals (Sweden)

    Hugo Jacob Lovisolo

    2013-08-01

    Full Text Available This study analyzes extreme values in the daily returns of 45 Brazilian stocks between 2 January 1995 and 18 March 2009. The incidence of observations outside the range of three standard deviationsfrom the mean is at least five times greater than under the normal distribution. The occurrence of extreme values in the upper tail is 1.13 times higher than in the lower. The average of the extreme positive returns is higher than that of extreme negative returns. Half percent of the days determined the outcome of the investment. Extreme values are at least ± 7%. Investors should assess whether they will keep their holdings when returns of such magnitude occur. The characteristics of empirical distributions of stock returns favor the passive investor and the use of weight constraints in portfolio allocation models.

  17. Taxation, Transfer Income and Stock Market Participation

    DEFF Research Database (Denmark)

    Fischer, Marcel; Astrup Jensen, Bjarne

    We study a redistributive tax system that taxes income and redistributes tax revenues in such a way that relatively rich agents are net contributors to relatively poor agents. The closed-form solution of our model allows two main conclusions: (i) Despite ongoing transfers, wealth levels are not h......We study a redistributive tax system that taxes income and redistributes tax revenues in such a way that relatively rich agents are net contributors to relatively poor agents. The closed-form solution of our model allows two main conclusions: (i) Despite ongoing transfers, wealth levels...... are not harmonized because poorer agents mainly use their transfer income to finance present consumption. (ii) Since the evolution of the economy determines both the level of tax revenues and the evolution of the stock market, transfer income is subject to stock market risk. Hence, poorer agents optimally reduce...

  18. Microsatellite assessment of walrus (Odobenus rosmarus rosmarus stocks in Canada

    Directory of Open Access Journals (Sweden)

    Aaron BA Shafer

    2014-12-01

    Full Text Available Walruses in Canada are currently subdivided into seven stocks based on summering areas; Western Jones Sound (WJS, Baffin Bay (BB, Penny Strait-Lancaster Sound (PS-LS, North Foxe Basin (N-FB, Central Foxe Basin (C-FB, Hudson Bay Davis Strait (HB-DS and Southern and Eastern Hudson Bay (SE-HB. In this study, walrus were sampled from six of the seven stocks (SE-HB samples were not available and genotyped at 10 microsatellite loci. All stocks were genetically diverse (average heterozygosity of 0.58 with no evidence of inbreeding (average FIS of 0.03. We detected significant genetic differentiation among the stocks and a pattern of genetic spatial autocorrelation that suggests a moderate effect of geographic distance on gene flow among stocks. Bayesian clustering suggested the six recognized stocks were elements of two larger genetic clusters - a northern Arctic population (containing BB, WJS, and PS-LS stocks and a central Arctic population (containing C-FB, N-FB, and HB-DS stocks. These populations are moderately differentiated (FST = 0.07, but based on evidence of contemporary movement from assignment tests, are not completely isolated. There was support for maintaining the WJS stock and a combined BB+PS-LS stock, although the latter conclusion is based on a small sample size. Similarly, there was some evidence suggesting separation of the Foxe Basin stocks from the HB-DS but not the N-FB from the C-FB stock. However, given that there are morphological and chemical differences between N-FB and C-FB stocks, there is currently insufficient evidence to support a revision of the current stock designations.

  19. Motor vehicle stocks, scrappage, and sales

    OpenAIRE

    Alan Greenspan; Darrel Cohen

    1996-01-01

    This paper offers a framework for forecasting aggregate sales of new motor vehicles; this framework incorporates separate models for the change in the vehicle stock and for the rate of vehicle scrappage. Because this approach requires only a minimal set of assumptions about demographic trends, the state of the economy, consumer ''preferences,'' new vehicle prices and repair costs, and vehicle retirements, it is shown to be especially useful as a macroeconomic forecasting tool. In addition, th...

  20. Stock Return Prediction with Hidden Order Mapping

    OpenAIRE

    Mamidi, Varsha

    2016-01-01

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

  1. Stock Market Interdependence: Evidence from Australia

    OpenAIRE

    Michael E. Drew; Leonard Chong

    2002-01-01

    This study examines the relationship between Australia’s stock market and the five largest international markets for the period 1991 through 2001. Preliminary findings, using correlation statistics, indicated potential benefits to international diversification for the Australian investor. Further analysis, conducted in the VAR framework using the Johansen co-integration method, found that the Australian market has short and long run linkages with the United States, while tests with other mark...

  2. Networks of volatility spillovers among stock markets

    Czech Academy of Sciences Publication Activity Database

    Baumöhl, E.; Kočenda, Evžen; Lyócsa, S.; Výrost, T.

    2018-01-01

    Roč. 490, č. 1 (2018), s. 1555-1574 ISSN 0378-4371 R&D Projects: GA ČR(CZ) GBP402/12/G097 Institutional support: RVO:67985556 Keywords : Volatility spillovers * Shock transmission * Stock markets * Granger causality network * Financial crisis * Spatial regression Subject RIV: AH - Economic s OBOR OECD: Applied Economic s, Econometrics Impact factor: 2.243, year: 2016 http://library.utia.cas.cz/separaty/2018/E/kocenda-0487923.pdf

  3. A heuristic forecasting model for stock decision

    OpenAIRE

    Zhang, D.; Jiang, Q.; Li, X.

    2005-01-01

    This paper describes a heuristic forecasting model based on neural networks for stock decision-making. Some heuristic strategies are presented for enhancing the learning capability of neural networks and obtaining better trading performance. The China Shanghai Composite Index is used as case study. The forecasting model can forecast the buying and selling signs according to the result of neural network prediction. Results are compared with a benchmark buy-and-hold strategy. ...

  4. An operatorial approach to stock markets

    International Nuclear Information System (INIS)

    Bagarello, F

    2006-01-01

    We propose and discuss some toy models of stock markets using the same operatorial approach adopted in quantum mechanics. Our models are suggested by the discrete nature of the number of shares and of the cash which are exchanged in a real market, and by the existence of conserved quantities, like the total number of shares or some linear combination of cash and shares. The same framework as the one used in the description of a gas of interacting bosons is adopted

  5. Stock market volatiltity around national elections

    OpenAIRE

    Bialkowski, Jedrzej; Gottschalk, Katrin; Wisniewski, Tomasz

    2006-01-01

    This paper investigates a sample of 27 OECD countries to test whether national elections induce higher stock market volatility. It is found that the country-specific component of index return variance can easily double during the week around an Election Day, which shows that investors are surprised by the election outcome. Several factors, such as a narrow margin of victory, lack of compulsory voting laws, change in the political orientation of the government, or the failure to form a coaliti...

  6. Stock Market Volatility around National Elections

    OpenAIRE

    Bialkowski, Jedrzej; Gottschalk, Katrin; Wisniewski, Tomasz Piotr

    2006-01-01

    This paper investigates a sample of 27 OECD countries to test whether national elections induce higher stock market volatility. It is found that the countryspecific component of index return variance can easily double during the week around an Election Day, which shows that investors are surprised by the election outcome. Several factors, such as a narrow margin of victory, lack of compulsory voting laws, change in the political orientation of the government, or the failure to form a coalitio...

  7. Corporate tax minimization and stock price reactions

    OpenAIRE

    Blaufus, Kay; Möhlmann, Axel; Schwäbe, Alexander

    2016-01-01

    Tax minimization strategies may lead to significant tax savings, which could, in turn, increase firm value. However, such strategies are also associated with significant costs, such as expected penalties and planning, agency, and reputation costs. The overall impact of firms' tax minimization strategies on firm value is, therefore, unclear. To investigate whether corporate tax minimization increases firm value, we analyze the stock price reaction to news concerning corporate tax avoidance or ...

  8. Leverage and growth: effect of stock options

    OpenAIRE

    Francis, Bill; Hasan , Iftekhar; Sharma, Zenu

    2011-01-01

    This paper investigates the potential effects of stock options on managers’ investment decisions and therefore on a firm’s growth or, alternatively, on its leverage-growth relationship. To structure the analysis addressing this issue, the paper utilizes a framework establishing a negative relationship between leverage and the firm’s growth. However, in contrast to some of the existing results, the empirical analysis of manufacturing firms in this paper shows that the negative relationship bet...

  9. The Stock Market, Profit and Investment

    OpenAIRE

    Olivier Blanchard; Changyong Rhee; Lawrence Summers

    1990-01-01

    Should managers, when making investment decisions, follow the signals given by the stock market even if those do not coincide with their own assessments of fundamental value? This paper reviews the theoretical arguments and examines the empirical evidence, constructing and using a new US time series of data on the q ratio from 1900 to 1988. We decompose q - - the ratio of the market value of corporate capital to its replacement cost - - into the product of two terms, reflecting "fundamentals"...

  10. A Global Stock and Bond Model

    OpenAIRE

    Connor, Gregory

    1996-01-01

    Factor models are now widely used to support asset selection decisions. Global asset allocation, the allocation between stocks versus bonds and among nations, usually relies instead on correlation analysis of international equity and bond indexes. It would be preferable to have a single integrated framework for both asset selection and asset allocation. This framework would require a factor model applicable at an asset or country level, as well as at a global level,...

  11. Merger negotiations with stock market feedback

    OpenAIRE

    Betton, Sandra; Eckbo, B. Espen; Thompson, Rex; Thorburn, Karin S.

    2011-01-01

    Merger negotiations routinely occur amidst economically significant a target stock price runups. Since the source of the runup is unobservable (is it a target stand-alone value change and/or deal anticipation?), feeding the runup back into the offer price risks "paying twice" for the target shares. We present a novel structural empirical analysis of this runup feedback hypothesis. We show that rational deal anticipation implies a nonlinear relationship between the runup and the offer price ma...

  12. An Analysis of Theories on Stock Returns

    Directory of Open Access Journals (Sweden)

    Ahmet Sekreter

    2017-03-01

    Full Text Available Objective in writing this article is to provide an overview of the theories that has been developed for stock returns which is an important area of financial markets’ researches. Since the researches in this field are very active for the past quarter, it is not possible to describe all works that has been done in this area. Most important researches will be discussed without going deeper in mathematical tools and theories.

  13. The Weekly Structure of US Stock Prices

    OpenAIRE

    Guglielmo Maria Caporale; Luis A. Gil-Alana

    2010-01-01

    In this paper we use fractional integration techniques to examine the degree of integration of four US stock market indices, namely the Standard and Poor, Dow Jones, Nasdaq and NYSE, at a daily frequency from January 2005 till December 2009. We analyse the weekly structure of the series and investigate their characteristics depending on the specific day of the week. The results indicate that the four series are highly persistent; a small degree of mean reversion (i.e., orders of integration s...

  14. Price jumps on European stock markets

    Czech Academy of Sciences Publication Activity Database

    Hanousek, Jan; Kočenda, Evžen; Novotný, Jan

    2014-01-01

    Roč. 14, č. 1 (2014), s. 10-22 ISSN 2214-8450 R&D Projects: GA ČR(CZ) GAP403/11/0020; GA ČR(CZ) GBP402/12/G097 Grant - others:UK(CZ) UNCE 204005/2012 Institutional support: PRVOUK-P23 Keywords : stock markets * price jump indicators * non-parametric testing Subject RIV: AH - Economics

  15. Style popularity and the comovement of stocks

    OpenAIRE

    Wouters, T.; Plantinga, A.

    2006-01-01

    We examine to what extent the popularity of an investment style can be attributed to style investing. The style investing hypothesis predicts that assets in the same style show strong comovement with respect to their underlying fundamentals and that reclassifying assets into a new style raises its correlation with that style. We test this prediction by studying how comovement varies with proxies of popularity. We use different kinds of data, such as data on stocks, mutual funds, IPO?s and fin...

  16. ECONOMIC MODELING STOCKS CONTROL SYSTEM: SIMULATION MODEL

    OpenAIRE

    Климак, М.С.; Войтко, С.В.

    2016-01-01

    Considered theoretical and applied aspects of the development of simulation models to predictthe optimal development and production systems that create tangible products andservices. It isproved that theprocessof inventory control needs of economicandmathematical modeling in viewof thecomplexity of theoretical studies. A simulation model of stocks control that allows make managementdecisions with production logistics

  17. Synthesis of ultrathin face-centered-cubic Au@Pt and Au@Pd core-shell nanoplates from hexagonal-close-packed Au square sheets

    KAUST Repository

    Fan, Zhanxi; Zhu, Yihan; Huang, Xiao; Han, Yu; Wang, Qingxiao; Liu, Qing; Huang, Ying; Gan, Chee Lip; Zhang, Hua

    2015-01-01

    @Pd rhombic nanoplates, respectively. We believe that these findings will shed new light on the synthesis of novel noble bimetallic nanostructures. Phase change: Ultrathin Au@Pt and Au@Pd core-shell nanoplates were prepared from Au square sheets. A phase

  18. THE SPECIFIC ACCOUNTING TREATMENTS REGARDING STOCKS

    Directory of Open Access Journals (Sweden)

    PALIU – POPA LUCIA

    2014-10-01

    Full Text Available The process of harmonization and convergence of IFRS – U.S. GAAP represents a significant advance in the approach of internationally recognized accounting referential frames, context where the accounting system in our country – undergoing internationalization and Europeanization – also experiences the assimilation of harmonization and convergence products between the two accounting standardizations worldwide. Looking from this perspective, we can say that no nation has the right to be considered superior in accounting, as several steps need to be taken in different countries in order to reach a level of compliance on a global scale – desirable. Because companies have expanded their boundaries and tus increasing the importance of managerial communication and the increasingly deeper globalization of capital markets requires and imposes the global use of a single accounting language, we deemed it useful to conduct a study regarding the main differences between the national accounting regulations and the provisions of the international reference frame on stocks, as the users of information from the financial statements seek to evaluate the profitability of the company in general, but also in terms of its risk of illiquidity, as stocks are an important component of an entity's assets. In this respect, we will address the stocks in terms of the main differences between the national accounting regulations, the provisions of the international reference frame, and the economic and financial indicators – expression of different accounting treatments.

  19. Immediate causality network of stock markets

    Science.gov (United States)

    Zhou, Li; Qiu, Lu; Gu, Changgui; Yang, Huijie

    2018-02-01

    Extensive works show that a network of stocks within a single stock market stores rich information on evolutionary behaviors of the system, such as collapses and/or crises. But a financial event covers usually several markets or even the global financial system. This mismatch of scale leads to lack of concise information to coordinate the event. In this work by using the transfer entropy we reconstruct the influential network between ten typical stock markets distributed in the world. Interesting findings include, before a financial crisis the connection strength reaches a maximum, which can act as an early warning signal of financial crises. The markets in America are monodirectionally and strongly influenced by that in Europe and act as the center. Some strongly linked pairs have also close correlations. The findings are helpful in understanding the evolution and modelling the dynamical process of the global financial system. This method can be extended straightly to find early warning signals for physiological and ecological systems, etc.

  20. Inventory Optimization through Safety Stock Schemata

    Directory of Open Access Journals (Sweden)

    Abdul Aleem

    2013-04-01

    Full Text Available In the complex business environment and stiff competition, inventory optimization in an industry's supply chain has gained tremendous significance. It has become business imperative to optimally tune the supply chain and save lot of working capital by reducing inventory levels; this can surely be done while increasing the customer service level and utilizing the internal capacities optimally. Stock out costs and stock surplus costs both impact businesses badly, the former in the form of opportunity loss and resultantly causing customer annoyance and later in high financial markups and increasing cost and reducing margins accordingly. So inventory optimization can essentially help to reduce costs, which results in a considerable improvement of the company performance indicators. Traditional IMS (Inventory Management System followed in a selected manufacturing industry has been examined for all types of inventories, i.e. raw materials; WIP (Work In Process, and finished goods as a case study. The paper suggests an optimized inventory model for an organization to provide the best possible customer service within the restraint of the lowest practical inventory costs. The safety stock optimization was implemented in a complex business environment and considerable savings were realized thereof

  1. Japanese quail performance under different stocking densities

    International Nuclear Information System (INIS)

    Fahmy, M.O.; EL-Faramawy, A.A.

    2004-01-01

    This experiment was conducted with Japanese quails at the poultry production farm (Poultry Research Unite, Nuclear Research Center, AEA, Inshas, Egypt) to determine the effects of stocking density on the growth, carcass composition, feed conversion, feed efficiency, corticosterone level, immune response and profit potential. A total of 924 Japanese quail chicks were brooded at 2 weeks of age in batteries at 44, 88 and 176 birds / m2 each of 3 replicates. Chicks brooded at 44 and 88 bird / m2 were grew significantly (P<0.05) during the experimental period more than those brooded at 176 bird/m2. Increasing birds density was associated with significant (P<0.05) increase in serum corticosterone level, carcass protein percent, live body weight per m2 and monetary returns. Carcass fat percent and immune response were reduced sharply with increasing quail stocking density. On the other hand, feed conversion was reduced, while feed efficiency was improved (P<0.05) by increasing quail stocking density

  2. Growth and contribution of stocked channel catfish, Ictalurus punctatus (Rafinesque, 1818): the importance of measuring post-stocking performance

    Science.gov (United States)

    Stewart, David R.; Long, James M.

    2015-01-01

    In this study it was sought to quantify post-stocking growth, survival, and contribution of advanced size (178 mm total length [TL]) channel catfish Ictalurus punctatus fingerlings, something rarely done. Channel catfish populations were evaluated before (May 2010) and after (May to August 2011 and 2012) stocking. Relative abundance, stocking contribution, and growth were different (P stocked in Lake Lone Chimney, stocking contribution was lower (3–35%), and average length and weight of stocked fish by age-2 reached 230 mm TL and 85 g, whereas the stocking contribution (84–98%) and growth in length (340 mm TL) and weight (280 g) were higher by age-2 in Lake Greenleaf. Given these unambiguous differences of post-stocking performance, benchmark metrics that represent population-level information such as relative abundance and average length and weight of the sample masked these significant differences, highlighting the importance of marking hatchery-fish and then following them through time to determine the effectiveness of stocking. These results suggest that stock enhancement programmes would benefit from studies that quantify post-stocking performance of hatchery fish.

  3. Can investor sentiment be used to predict the stock price? Dynamic analysis based on China stock market

    Science.gov (United States)

    Guo, Kun; Sun, Yi; Qian, Xin

    2017-03-01

    With the development of the social network, the interaction between investors in stock market became more fast and convenient. Thus, investor sentiment which can influence their investment decisions may be quickly spread and magnified through the network, and to a certain extent the stock market can be affected. This paper collected the user comments data from a popular professional social networking site of China stock market called Xueqiu, then the investor sentiment data can be obtained through semantic analysis. The dynamic analysis on relationship between investor sentiment and stock market is proposed based on Thermal Optimal Path (TOP) method. The results show that the sentiment data was not always leading over stock market price, and it can be used to predict the stock price only when the stock has high investor attention.

  4. Excitation functions for 197Au (d, p)198Au, 197Au(d, 2n)197mHg, 197Au(d, 2n)197Hg and 197Au(d, p2n)196Au

    International Nuclear Information System (INIS)

    Long Xianguan; Peng Xiufeng; He Fuqing

    1987-01-01

    By using activation method and stack-foil technique, the excitation functions for d + 197 Au reaction in 6.6-13.1 MeV energy range are measured. The measured values are compared with previous results and theoretical calculations

  5. Ranking Tehran’s Stock Exchange Top Fifty Stocks Using Fundamental Indexes and Fuzzy TOPSIS

    Directory of Open Access Journals (Sweden)

    E. S. Saleh

    2017-08-01

    Full Text Available Investment through the purchase of securities, constitute an important part of countries economic exchange. Therefore, making decisions about investing in a particular stock has become one of the most controversial areas of economic and financial research and various institutions have began to rank companies stock and determine priorities of stock purchase to investment. The current research, with the determination of important required indexes for companies ranking based on their shares value on the Tehran stock exchange, can greatly help to the accurate ranking of fifty premier listed companies. Initial ranking indicators are extracted and then a decision-making group (exchange experts with the use of the Delphi method and also non-parametric statistic methods, determines the final indexes. Then, by using Fuzzy ANP, weight criteria are obtained with taking into account their interaction with each other. Finally, using fuzzy TOPSIS and information extraction about the premier fifty listed companies of Tehran stock exchange in 2014 are ranked with the software "Rahavard Novin”. Sensitivity analysis to criteria weight and relevant analysis presentation was conducted at the end of the study procedures.

  6. Sector Identification in a Set of Stock Return Time Series Traded at the London Stock Exchange

    Science.gov (United States)

    Coronnello, C.; Tumminello, M.; Lillo, F.; Micciche, S.; Mantegna, R. N.

    2005-09-01

    We compare some methods recently used in the literature to detect the existence of a certain degree of common behavior of stock returns belonging to the same economic sector. Specifically, we discuss methods based on random matrix theory and hierarchical clustering techniques. We apply these methods to a portfolio of stocks traded at the London Stock Exchange. The investigated time series are recorded both at a daily time horizon and at a 5-minute time horizon. The correlation coefficient matrix is very different at different time horizons confirming that more structured correlation coefficient matrices are observed for long time horizons. All the considered methods are able to detect economic information and the presence of clusters characterized by the economic sector of stocks. However, different methods present a different degree of sensitivity with respect to different sectors. Our comparative analysis suggests that the application of just a single method could not be able to extract all the economic information present in the correlation coefficient matrix of a stock portfolio.

  7. Synthesis and characterization in AuCu–Si nanostructures

    International Nuclear Information System (INIS)

    Novelo, T.E.; Amézaga-Madrid, P.; Maldonado, R.D.; Oliva, A.I.; Alonzo-Medina, G.M.

    2015-01-01

    Au/Cu bilayers with different Au:Cu concentrations (25:75, 50:50 and 75:25 at.%) were deposited on Si(100) substrates by thermal evaporation. The thicknesses of all Au/Cu bilayers were 150 nm. The alloys were prepared by thermal diffusion into a vacuum oven with argon atmosphere at 690 K during 1 h. X-ray diffraction analysis revealed different phases of AuCu and CuSi alloys in the samples after annealing process. CuSi alloys were mainly obtained for 25:75 at.% samples, meanwhile the AuCuII phase dominates for samples prepared with 50:50 at.%. Additionally, the Au:Cu alloys with 75:25 at.%, produce Au 2 Cu 3 and Au 3 Cu phases. The formed alloys were characterized by scanning electron microscopy (SEM), atomic force microscopy (AFM), transmission electron microscopy (TEM) and energy dispersive spectroscopy (EDS) to study the morphology and the elemental concentration of the formed alloys. - Highlights: • AuCu/Si alloy thin films were prepared by thermal diffusion. • Alloys prepared with 50 at.% of Au produce the AuCuII phase. • Alloys prepared with 75 at.% of Au produce Au 3 Cu and Au 2 Cu 3 phases. • All alloys present diffusion of Si and Cu through the CuSi alloy formation

  8. Au nanoparticles films used in biological sensing

    International Nuclear Information System (INIS)

    Rosales Perez, M; Delgado Macuil, R; Rojas Lopez, M; Gayou, V L; Sanchez Ramirez, J F

    2009-01-01

    Lactobacillus para paracasei are used commonly as functional food and probiotic substances. In this work Au nanoparticles self-assembled films were used for Lactobacillus para paracasei determination at five different concentrations. Functionalized substrates were immersed in a colloidal solution for one and a half hour at room temperature and dried at room temperature during four hours. After that, drops of Lactobacillus para paracasei in aqueous solution were put into the Au nanoparticles film and let dry at room temperature for another two hours. Infrared spectroscopy in attenuated total reflectance sampling mode was used to observe generation peaks due to substrate silanization, enhancement of Si-O band intensity due to the Au colloids added to silanized substrate and also to observe the enhancement of Lactobacillus para paracasei infrared intensity of the characteristic frequencies at 1650, 1534 and 1450 cm -1 due to surface enhancement infrared absorption.

  9. Au nanoparticles films used in biological sensing

    Energy Technology Data Exchange (ETDEWEB)

    Rosales Perez, M; Delgado Macuil, R; Rojas Lopez, M; Gayou, V L [Centro de Investigacion en BiotecnologIa Aplicada del IPN, Tepetitla Tlaxcala Mexico C.P. 90700 (Mexico); Sanchez Ramirez, J F, E-mail: mrosalespe@ipn.m [CICATA Legaria Instituto Politecnico Nacional, Mexico Distrito Federal (Mexico)

    2009-05-01

    Lactobacillus para paracasei are used commonly as functional food and probiotic substances. In this work Au nanoparticles self-assembled films were used for Lactobacillus para paracasei determination at five different concentrations. Functionalized substrates were immersed in a colloidal solution for one and a half hour at room temperature and dried at room temperature during four hours. After that, drops of Lactobacillus para paracasei in aqueous solution were put into the Au nanoparticles film and let dry at room temperature for another two hours. Infrared spectroscopy in attenuated total reflectance sampling mode was used to observe generation peaks due to substrate silanization, enhancement of Si-O band intensity due to the Au colloids added to silanized substrate and also to observe the enhancement of Lactobacillus para paracasei infrared intensity of the characteristic frequencies at 1650, 1534 and 1450 cm{sup -1} due to surface enhancement infrared absorption.

  10. Seasonal Trends in Lithuanian Stock Market

    Directory of Open Access Journals (Sweden)

    Žaneta Simanavičienė

    2013-11-01

    Full Text Available Purpose of the article is to disentangle different calendar effects which leave efficiency holes in Lithuanian market. This paper presents and tests if commonly described seasonal patterns exist in Lithuanian stock market. Analysis of three different sections: period-of-the-year; week-of-the-month and day-of-the-week, suggests that calendar effects do exist in this market. The multitude of explanations for the seasonal effect leaves the reader confused about its primary cause(s: is it tax-loss selling, window dressing, information, bid-ask bounce, or a combination of these causes? The confusion arises, in part, because evidence has generally been presented in support of a particular hypothesis though the same evidence may be consistent with another hypothesis. Methodology/methods are logical and systemic analysis of research literature based on the comparative and generalization methods as well as statistical methods. Scientific aim of the article is the lack of arguments questioning if market prices operating system is fully effective. Novelty of the paper is to the answer to the question what seasonal anomalies are also present in the stock market of new open economy countries. Findings show that using this modified strategy investor could achieve 20.7% compounded annual growth rate versus 7.8% achieved using simply holding stocks throughout. The hypothesis asserts that returns generally will be greater following the “January effect”. There is limited amount of data for constructing robust seasonal strategies so we modified Buy and Hold strategy with simple rules of using best and worst months to show how they influence OMXV index performance. In the conclusions, empirical results using stock index returns for 2000 - 2010 support the hypothesis in Lithuaian stock market. Abnormal activity of OMXV index’s performance is found in the end of summer and throughout autumn. August is best performer of the year while October is

  11. Au nanorice assemble electrolytically into mesostars.

    Science.gov (United States)

    Bardhan, Rizia; Neumann, Oara; Mirin, Nikolay; Wang, Hui; Halas, Naomi J

    2009-02-24

    Star-shaped mesotructures are formed when an aqueous suspension of Au nanorice particles, which consist of prolate hematite cores and a thin Au shell, is subjected to an electric current. The nanorice particles assemble to form hyperbranched micrometer-scale mesostars. To our knowledge, this is the first reported observation of nanoparticle assembly into larger ordered structures under the influence of an electrochemical process (H(2)O electrolysis). The assembly is accompanied by significant modifications in the morphology, dimensions, chemical composition, crystallographic structure, and optical properties of the constituent nanoparticles.

  12. Network structure detection and analysis of Shanghai stock market

    Directory of Open Access Journals (Sweden)

    Sen Wu

    2015-04-01

    Full Text Available Purpose: In order to investigate community structure of the component stocks of SSE (Shanghai Stock Exchange 180-index, a stock correlation network is built to find the intra-community and inter-community relationship. Design/methodology/approach: The stock correlation network is built taking the vertices as stocks and edges as correlation coefficients of logarithm returns of stock price. It is built as undirected weighted at first. GN algorithm is selected to detect community structure after transferring the network into un-weighted with different thresholds. Findings: The result of the network community structure analysis shows that the stock market has obvious industrial characteristics. Most of the stocks in the same industry or in the same supply chain are assigned to the same community. The correlation of the internal stock prices’ fluctuation is closer than in different communities. The result of community structure detection also reflects correlations among different industries. Originality/value: Based on the analysis of the community structure in Shanghai stock market, the result reflects some industrial characteristics, which has reference value to relationship among industries or sub-sectors of listed companies.

  13. Weibo sentiments and stock return: A time-frequency view.

    Science.gov (United States)

    Xu, Yingying; Liu, Zhixin; Zhao, Jichang; Su, Chiwei

    2017-01-01

    This study provides new insights into the relationships between social media sentiments and the stock market in China. Based on machine learning, we classify microblogs posted on Sina Weibo, a Twitter's variant in China into five detailed sentiments of anger, disgust, fear, joy, and sadness. Using wavelet analysis, we find close positive linkages between sentiments and the stock return, which have both frequency and time-varying features. Five detailed sentiments are positively related to the stock return for certain periods, particularly since October 2014 at medium to high frequencies of less than ten trading days, when the stock return is undergoing significant fluctuations. Sadness appears to have a closer relationship with the stock return than the other four sentiments. As to the lead-lag relationships, the stock return causes Weibo sentiments rather than reverse for most of the periods with significant linkages. Compared with polarity sentiments (negative vs. positive), detailed sentiments provide more information regarding relationships between Weibo sentiments and the stock market. The stock market exerts positive effects on bullishness and agreement of microblogs. Meanwhile, agreement leads the stock return in-phase at the frequency of approximately 40 trading days, indicating that less disagreement improves certainty about the stock market.

  14. Weibo sentiments and stock return: A time-frequency view.

    Directory of Open Access Journals (Sweden)

    Yingying Xu

    Full Text Available This study provides new insights into the relationships between social media sentiments and the stock market in China. Based on machine learning, we classify microblogs posted on Sina Weibo, a Twitter's variant in China into five detailed sentiments of anger, disgust, fear, joy, and sadness. Using wavelet analysis, we find close positive linkages between sentiments and the stock return, which have both frequency and time-varying features. Five detailed sentiments are positively related to the stock return for certain periods, particularly since October 2014 at medium to high frequencies of less than ten trading days, when the stock return is undergoing significant fluctuations. Sadness appears to have a closer relationship with the stock return than the other four sentiments. As to the lead-lag relationships, the stock return causes Weibo sentiments rather than reverse for most of the periods with significant linkages. Compared with polarity sentiments (negative vs. positive, detailed sentiments provide more information regarding relationships between Weibo sentiments and the stock market. The stock market exerts positive effects on bullishness and agreement of microblogs. Meanwhile, agreement leads the stock return in-phase at the frequency of approximately 40 trading days, indicating that less disagreement improves certainty about the stock market.

  15. Weibo sentiments and stock return: A time-frequency view

    Science.gov (United States)

    Liu, Zhixin; Zhao, Jichang; Su, Chiwei

    2017-01-01

    This study provides new insights into the relationships between social media sentiments and the stock market in China. Based on machine learning, we classify microblogs posted on Sina Weibo, a Twitter’s variant in China into five detailed sentiments of anger, disgust, fear, joy, and sadness. Using wavelet analysis, we find close positive linkages between sentiments and the stock return, which have both frequency and time-varying features. Five detailed sentiments are positively related to the stock return for certain periods, particularly since October 2014 at medium to high frequencies of less than ten trading days, when the stock return is undergoing significant fluctuations. Sadness appears to have a closer relationship with the stock return than the other four sentiments. As to the lead-lag relationships, the stock return causes Weibo sentiments rather than reverse for most of the periods with significant linkages. Compared with polarity sentiments (negative vs. positive), detailed sentiments provide more information regarding relationships between Weibo sentiments and the stock market. The stock market exerts positive effects on bullishness and agreement of microblogs. Meanwhile, agreement leads the stock return in-phase at the frequency of approximately 40 trading days, indicating that less disagreement improves certainty about the stock market. PMID:28672026

  16. Statistical analysis of bankrupting and non-bankrupting stocks

    Science.gov (United States)

    Li, Qian; Wang, Fengzhong; Wei, Jianrong; Liang, Yuan; Huang, Jiping; Stanley, H. Eugene

    2012-04-01

    The recent financial crisis has caused extensive world-wide economic damage, affecting in particular those who invested in companies that eventually filed for bankruptcy. A better understanding of stocks that become bankrupt would be helpful in reducing risk in future investments. Economists have conducted extensive research on this topic, and here we ask whether statistical physics concepts and approaches may offer insights into pre-bankruptcy stock behavior. To this end, we study all 20092 stocks listed in US stock markets for the 20-year period 1989-2008, including 4223 (21 percent) that became bankrupt during that period. We find that, surprisingly, the distributions of the daily returns of those stocks that become bankrupt differ significantly from those that do not. Moreover, these differences are consistent for the entire period studied. We further study the relation between the distribution of returns and the length of time until bankruptcy, and observe that larger differences of the distribution of returns correlate with shorter time periods preceding bankruptcy. This behavior suggests that sharper fluctuations in the stock price occur when the stock is closer to bankruptcy. We also analyze the cross-correlations between the return and the trading volume, and find that stocks approaching bankruptcy tend to have larger return-volume cross-correlations than stocks that are not. Furthermore, the difference increases as bankruptcy approaches. We conclude that before a firm becomes bankrupt its stock exhibits unusual behavior that is statistically quantifiable.

  17. The Australian stock market development: Prospects and challenges

    Directory of Open Access Journals (Sweden)

    Sheilla Nyasha

    2013-06-01

    Full Text Available This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these reforms. As a result of the reforms, the Australian stock market has developed in terms of the number of listed companies, the market capitalisation, the total value of stocks traded, and the turnover ratio. Although the stock market in Australia has developed remarkably over the years, and was spared by the global financial crisis of the late 2000s, it still faces some challenges. These include the increased economic uncertainty overseas, the downtrend in global financial markets, and the restrained consumer confidence in Australia.

  18. HOW PERFORMANCE OF JAKARTA ISLAMIC INDEX (JII STOCKS RELATIVE TO OTHER STOCKS?

    Directory of Open Access Journals (Sweden)

    Erna Listyaningsih

    2015-09-01

    Full Text Available This study was conducted to assess the performance of Jakarta Islamic Index (JII stocks and also investigate whether there was an ethical effect (JII selection restriction and compare it with non-Sharia stocks. The main model used in this study was the Capital Asset Pricing Model (CAPM single index model extended to the Fama and French three factors. This study employs elaborate matching data. The data used in this study was split into two periods: the 2005-2007 periods which consists of two groups: JII and non-JII and the 2008-2012 periods which consists of three groups: JII, Sharia and non-Sharia based on industry sector. This study found that basically there was no difference on performance between JII and non-JII stocks. Therefore, this result supports the previous studies in which there were no significant differences between Sharia and conventional investment.

  19. Heuristics and stock buying decision: Evidence from Malaysian and Pakistani stock markets

    Directory of Open Access Journals (Sweden)

    Habib Hussain Khan

    2017-06-01

    Full Text Available Applying both qualitative and quantitative approaches, we examine whether or not investors fall prey to three heuristics; namely, anchoring and adjustment, representativeness, and availability, while investing in stocks. We also compare investors' vulnerability to these heuristics based on their economic association, their type and demographic factors such as income, education and experience. For the data collection, a self-constructed questionnaire was administered to investors in the Malaysian and Pakistani stock exchanges. Data has been analyzed through description, correlation and regression analysis. The results indicate that all three heuristics are likely to affect the investors' stock buying decisions. The effect of heuristics is similar across the sample countries, the type of investors, and the income groups. However, the investors with a higher level of education and more experience are less likely to be affected by the heuristics.

  20. Modeling the stock price returns volatility using GARCH(1,1) in some Indonesia stock prices

    Science.gov (United States)

    Awalludin, S. A.; Ulfah, S.; Soro, S.

    2018-01-01

    In the financial field, volatility is one of the key variables to make an appropriate decision. Moreover, modeling volatility is needed in derivative pricing, risk management, and portfolio management. For this reason, this study presented a widely used volatility model so-called GARCH(1,1) for estimating the volatility of daily returns of stock prices of Indonesia from July 2007 to September 2015. The returns can be obtained from stock price by differencing log of the price from one day to the next. Parameters of the model were estimated by Maximum Likelihood Estimation. After obtaining the volatility, natural cubic spline was employed to study the behaviour of the volatility over the period. The result shows that GARCH(1,1) indicate evidence of volatility clustering in the returns of some Indonesia stock prices.