The Application of Case Method in the Teaching of Investment Project Evaluation

Case Method originated in the 1920s and was initiated by Harvard Business School in the United States.At that time,it adopted a unique style of case study,which was based on real situations or events in business management,in this way,it is helpful to cultivate and develop students’active participation in class discussion.For investment students,specialized courses such as Investment Project Evaluation and corporate finance are concentrated in the upper grades,and in the freshman,sophomore phase has completed the Finance,finance,macroeconomics and other basic courses.On the basis of students’existing knowledge structure,the course“Investment Project Evaluation”needs to fully tap students’potential in learning and train students’practical problem-solving ability,to cultivate students’thinking ability of combining theoretical knowledge with practical cases,to avoid the teaching mode of“I tell you to listen”,and to guide students to think,analyze and solve problems actively.

CMIP6 Evaluation and Projection of Precipitation over Northern China:Further Investigation

Based on 20 models from phase 6 of the Coupled Model Intercomparison Project(CMIP6),this article explored possible reasons for differences in simulation biases and projected changes in precipitation in northern China among the allmodel ensemble(AMME),“highest-ranked”model ensemble(BMME),and“lowest-ranked”model ensemble(WMME),from the perspective of atmospheric circulations and moisture budgets.The results show that the BMME and AMME reproduce the East Asian winter circulations better than the WMME.Compared with the AMME and WMME,the BMME reduces the overestimation of evaporation,thereby improving the simulation of winter precipitation.The three ensemble simulated biases for the East Asian summer circulations are generally similar,characterized by a stronger zonal pressure gradient between the mid-latitudes of the North Pacific and East Asia and a northward displacement of the East Asian westerly jet.However,the simulated vertical moisture advection is improved in the BMME,contributing to the slightly higher performance of the BMME than the AMME and WMME on summer precipitation in North and Northeast China.Compared to the AMME and WMME,the BMME projects larger increases in precipitation in northern China during both seasons by the end of the 21st century under the Shared Socioeconomic Pathway 5-8.5(SSP5-8.5).One of the reasons is that the increase in evaporation projected by the BMME is larger.The projection of a greater dynamic contribution by the BMME also plays a role.In addition,larger changes in the nonlinear components in the BMME projection contribute to a larger increase in winter precipitation in northern China.

A model of techno-economic evaluation for eco-industrial park project

An eco-industrial park or estate is a community of manufactaring and service businesses located together on a common property. The goat of ElP is to create a win-win harmonious development aspect of ecooomic development and environmental protection. This paper emphasizes that the external .effect of an EIP is its main characteristic of technoeconomic evaluation for eco-industrial park project. From the view of the property, rights, the EIP＇s product is typicalty public-private. The government should take some inca.rares for the quantitative analysis on ecological positive externalities of the enterprises in EIP, and also should adopt Coase＇s Theorem, which supports that the market transaction is the best way to deal with positive externalities （external economics or diseconoraics）, or Pigou＇s Theorem, which holds that the government anti-positive externalities programs are the best way to cope with positive externalities, to internalize the EIP＇s external effects, which is also a fundamental tool to encourage investors to actively invest in EIP projects, Furthermore. this paper thinks that the EIP ＇s income should be equal to the income of staple products of the private property, and that of its by-products of the public property. According to this principle, this paper has put forward three major indicators, net present value （NPV）, internal rate of renan （IRR）, and investment repayment period （IRP）, which are also extensively used indicators in ardinary project techno-economic evaluation model to evaluate EIP technoeconomic effects. Theoretically, the indicatory not only can be used in EIP project evaluation, but also can provide a quantitative measure toot for the government to support EIP＇s construction to the maximum. In the end. a case is analyzed.

Discussion on Project Interim Evaluation

Based on the actual demand of project Management (PM) and the traditional conceptof Project Evaluation (PE), we extend the concept and connotation of PE In this paper, wepresent the concept of PE corresponding to the whole project life cycle, and divide it into ProjectEx Ante Evaluation (PAE), Project lnterim Evaluation (PIE) and Project Ex Post Evaluation(PPE), and mainly analyze PIE.

Application of Projection Pursuit Evaluation Model Based on Real-Coded Accelerating Genetic Algorithm in Evaluating Wetland Soil Quality Variations in the Sanjiang Plain, China

A new technique of dimension reduction named projection pursuit is applied to model and evaluatewetland soil quality variations in the Sanjiang Plain, Helongjiang Province, China. By adopting the im-proved real-coded accelerating genetic algorithm (RAGA), the projection direction is optimized and multi-dimensional indexes are converted into low-dimensional space. Classification of wetland soils and evaluationof wetland soil quality variations are realized by pursuing optimum projection direction and projection func-tion value. Therefore, by adopting this new method, any possible human interference can be avoided andsound results can be achieved in researching quality changes and classification of wetland soils.

CMIP6 Evaluation and Projection of Temperature and Precipitation over China

This article evaluates the performance of 20 Coupled Model Intercomparison Project phase 6(CMIP6)models in simulating temperature and precipitation over China through comparisons with gridded observation data for the period of 1995–2014,with a focus on spatial patterns and interannual variability.The evaluations show that the CMIP6 models perform well in reproducing the climatological spatial distribution of temperature and precipitation,with better performance for temperature than for precipitation.Their interannual variability can also be reasonably captured by most models,however,poor performance is noted regarding the interannual variability of winter precipitation.Based on the comprehensive performance for the above two factors,the“highest-ranked”models are selected as an ensemble(BMME).The BMME outperforms the ensemble of all models(AMME)in simulating annual and winter temperature and precipitation,particularly for those subregions with complex terrain but it shows little improvement for summer temperature and precipitation.The AMME and BMME projections indicate annual increases for both temperature and precipitation across China by the end of the 21st century,with larger increases under the scenario of the Shared Socioeconomic Pathway 5/Representative Concentration Pathway 8.5(SSP585)than under scenario of the Shared Socioeconomic Pathway 2/Representative Concentration Pathway 4.5(SSP245).The greatest increases of annual temperature are projected for higher latitudes and higher elevations and the largest percentage-based increases in annual precipitation are projected to occur in northern and western China,especially under SSP585.However,the BMME,which generally performs better in these regions,projects lower changes in annual temperature and larger variations in annual precipitation when compared to the AMME projections.

Project-based Learning in Calculus on The Use of Maple Software Technology

In this article, authors describe how to use the project-based learning （PBL） pedagogy to enhance students＇ Calculus learning based on the first author＇s experimental teaching experience. The ＂2014 BMCC Polar Art Calendar＂ project was completed by Calculus students at Borough of Manhattan Community College （BMCC） during the fall 2013 semester. Students were requested to apply graphs of polar equations to create computer-generated images with a variety of flower patterns by using the Maple technology in a math lab. At the end of this project, students were requested to submit and present their written reports to express their mathematical thinking. Authors also explain in details how to create projects compatible with textbook knowledge learning objectives, how to prepare scaffolding materials for students to use, how to utilize a math lab and to work with lab technicians in Maple Software, and how to design a rubric for project evaluations. Students＇ artwork created in the Polar Art Calendar are presented. Students＇ positive outcomes have proven a success of this project design as well as its execution as an example of PBL. Benefits to students and challenges to teachers on the use of PBL approach have been discussed at the end of this article.

Existing European Buildings and Cities： Economic Improvement and Evaluation of the Cost-Benefit Related to Lifecycle and Performance

In this study, the interdependency is presented between the characteristics of the buildings and the relative economic value, in order to plan economic policies and preconditions for improving the quality of the European buildings heritage through access, by an holistic approach, to the necessary f＇mancial resources. The economic value of a real estate asset is closely connected to the construction features and their performance over time （lifecycle）. Safer, more comfortable and productive buildings for inhabitants are at the same time more operationally efficient and economically convenient for the owners. Solidity characteristics and static resistance to earthquakes, eco-efficiency and other constructive qualities of the building will provide benefits in the long term, and they are directly related the LCC （life cycle cost） including specific construction and/or maintenance costs. Moreover, these characteristics have an impact on the ＂market value＂ and on the ＂mortgage lending value＂ of properties, as well as on the possibility of financing the purchase through access to more affordable mortgages, and to make really feasible conversions even in the absence of public financial resources. This study introduces a new approach for conversions involving whole buildings or city areas. This research identifies the economic sustainability of a project by combining principles and suitable methodologies, together with performance and other characteristics. These aspects constitute the essential prerequisite for obtaining mortgages from banks and/or financial resources from international investors.

Evaluation of Social Environment Impact of Highway Construction Using Gray Matter-Element Information Entropy Model

Due to the importance of the social environment impact of highway construction project, an advanced evaluation is required to incorporate situations such as uncertainty, incompatibility and less information. This paper proposes a gray matter-element evaluation model based on the information entropy. The model is developed by combining both quantitative and qualitative methods, using probability theory to convert quantitative index to qualitative index, and the weight of those indexes were determined through synthesised integral weighting method, integrating matter-element theory, grey theory, and information theory. The model is then applied to evaluate the impact of the social environmental impact of highway construction project which will provide support for decision makers. Cheng-Yu highway and Shen-Da highway were selected for model application, and good results were achieved similar to the real situation.

PERT and CPM in Project Management with Practical Examples

This paper reviewed the concepts of Project Evaluation Review Technique and Critical Path Method in project management with practical examples. The methods and success of quantitative decision-making approaches in project management through the use of project evaluation review technique and the critical path method as regards project duration and critical activities of a project, were discussed. The review found that while both methods are effective in achieving success in project management, the relationship and connectivity of activities involved in a project life cycle are key aspects. The paper concludes that the project evaluation review technique is more effective when the duration of the project is uncertain, while the critical path method is effective when the project’s end time is certain. The paper, therefore, recommends that to achieve maximum operative efficiency in utilizing resources in project management, prior to commencing the execution of a project, all required resources to cover every activity must be assembled and prioritized to eliminate interruptions that could bring delay and unnecessary cost implications. Again, policies focused on improving project execution should be implemented in developing nations to minimize the many cases of failed and delayed projects. Subsequently, stakeholders in projects must be given the right, under the law, to prosecute the government, its agencies and/or the executors of projects for failure to execute a project on schedule.

Similarity comprehensive evaluation of humanoid robot arm motion

A suitable comprehensive evaluation method for similarity comprehensive evaluation of humanoid motion(mainly to robotic arm) is proposed.For different robotic arms, a static comprehensive evaluation model is established by projection pursuit evaluation based on indexes of humanoid robot arm motion in robotics and ergonomics field. Based on projection pursuit evaluation with timing information entropy and time degrees, a dynamic comprehensive evaluation method is proposed by linear weighting to each time's static model's indexes weight according to timing weighted vectors. Through comparing similarity comprehensive evaluation result based on static and dynamic comprehensive evaluation model, the results show that similarity based on dynamic comprehensive evaluation model is high. By comparing reliability, similarity and dispersion of static and dynamic comprehensive evaluation models, the results show that dynamic comprehensive evaluation result has better accuracy, stability and lower dispersion, and the result is more reasonable and real. Therefore, the dynamic comprehensive evaluation method proposed in this paper is more suitable for similarity comprehensive evaluation of humanoid robot arm motion.

Study on Construction Project Variation Management System Design

This paper analyses the necessity of developing variation information management of construction project. The structure scheme of variation management system has been put forward, which is based on intranet or internet scheme, with the structure of Browser or Server. The system consists of eight modules, which are variation account management, variation application, variation evaluation, variation execution, variation price management, variation report management, variation information query and system maintenance. With this system, remote management and controlling in real time for variation of construction proiect can be carried out.

Project-based Learning （PBL） for Enhancing Chinese College Students＇ English Performance

Project-based learning （PBL） as an instructional approach focuses on student-centeredness through contextualizing learning by presenting students with real world issues and practices that aim at achieving enduring learning effects. As a challenge to traditional lecture-based instruction, PBL may generate positive backwash assessment effects via documenting the process of developing authentic language skills. These skills-oriented outcomes are achieved through proper curricula in appropriate learning situations via various dimensions. However, problems may occur such as management, pressure from administration, evaluation doing their selected projects. teacher/student attitude, class size and proper group process and criteria, and students＇ likely frustrations in

Approach Evaluating an Investment Project under Uncertainty by Risky Index of Time

The effectiveness of evaluating an investment project based on predicting cash flows depends on the uncertainty of its future cash flows. The remoter the cash flows are, the higher the uncertainty is. Because of this, this paper suggests to discount cash flows by applying risky index of time （RIT）. Thus, the discount rate used to discount the distant cash flows is higher that the discount rate used to discount the near cash flows. By this systematic method, the risk caused by the uncertainty of future cash flows can be hedged in making investment decision. To a certain degree, this approach is reasonable in evaluating investment alternatives under uncertainty. Furthermore, the paper puts forward a practical approach on determining RIT in practice.

Analysis on Rules of Investment Decision Based on Payback Period of Dynamic Investment

The index of payback period of dynamic investment is an improvement on index of payback period of static investment, which is the problem that the rules to evaluate the project are feasible or not. This paper proves that rules shall be apt when using payback period of dynamic investment to evaluate the project feasibility under the condition of keeping the dynamic evaluation index to evaluate the same scheme and the consistent feasibility.

Application of PPE Model in Land Adaptability Appraisal in Small Basin Based on RAGA

The paper applies multi-dimension to lower technology-projection pursuit evaluation model in the conservation of water and soil discipline domain, optimizes the projection direction using the improved acceleration genetic algorithms, transforms the multi-dimensional data target to lower sub-space, and values soil adaptability of Dongdagou basin in Keshan County by searching the optimal projection direction and the projection function data. The paper provides a new notion and method for the conservation of water and soil in small basin.

Economic Evaluation of a Water Source Project

This paper describes a new method which is different with the shadow price method to evaluate the economic benefits of the water source project. The approach is to take the water source as a constraint on the regional economic development, calculate the difference between the generaded when the water source project is in operation and the gross product generated when the project is nonexistent, and then review the economic benefits on the project. For this purpose, we have constructed an input-output linear programming model and compiled a compatible using the routines for solving the input-output linear programming model. The above models and the routines have been used in paractical calculation of economic benefits of a water source project for a region. The computation result are satisfactory.

The Research and Application of the Strategic Analysisand Selection of R&D Project

On the basis of important role of science and technology in economic development, thisarticle systematically studies and discusses strategic evaluation techniques and methods of R&D projectfrom management sector’s angles. Firstly, it summarizes the existing R&D project evaluation methods.Then the ’three step’ method of R&D project evaluation is presented, that is (1) the benefit and successprobability of R&D project are evaluated based on the fuzzy influence diagram, (2) the portfolio analysisin the structure of R&D project is studied. (3) ’0-1’ model is used for project selection. The methodcan combine qualitative analysis with quantitative calculation, and describe the relationship betweenfactors that influence project’s result, thus improve the decision level of R&D project evaluation andselection. Finally, by means of practical application, the effectiveness and feasibility of the method areverified.

How the “Best” CMIP5 Models Project Relations of Asian–Pacific Oscillation to Circulation Backgrounds Favorable for Tropical Cyclone Genesis over the Western North Pacific

Based on the simulations of 32 models from the Coupled Model Intercomparison Project Phase 5 （CMIP5）, the present study assesses their capacity to simulate the relationship of the summer Asian-Pacific Oscillation （APO） with the vertical zonal wind shear, low-level atmospheric vorticity, mid-level humidity, atmospheric divergence in the lower and upper troposphere, and western Pacific subtropical high （WPSH） that are closely associated with the gen- esis of tropical cyclones over the western North Pacific. The results indicate that five models can simultaneously re- produce the observed pattern with the positive APO phase accompanied by weak vertical zonal wind shear, strengthened vorticity in the lower troposphere, increased mid-level humidity, intensified low-level convergence and high-level divergence, and a northward-located WPSH over the western North Pacific. These five models are further used to project their potential relationship under the RCPS.5 scenario during 2050 2099. Compared to 1950-1999, the relationship between the APO and the vertical zonal wind shear is projected to weaken by both the multi-model ensemble and the individual models. Its linkage to the low-level vorticity, mid-level humidity, atmospheric diver- gence in the lower and upper troposphere, and the northward-southward movement of the WPSH would also reduce slightly but still be significant. However, the individual models show relatively large differences in projecting the linkage between the APO and the mid-level humidity and low-level divergence.