Different effects of economic and structural performance indexes on model construction of structural topology optimization

The objective and constraint functions related to structural optimization designs are classified into economic and performance indexes in this paper.The influences of their different roles in model construction of structural topology optimization are also discussed.Furthermore,two structural topology optimization models,optimizing a performance index under the limitation of an economic index,represented by the minimum compliance with a volume constraint（MCVC）model,and optimizing an economic index under the limitation of a performance index,represented by the minimum weight with a displacement constraint（MWDC）model,are presented.Based on a comparison of numerical example results,the conclusions can be summarized as follows：（1）under the same external loading and displacement performance conditions,the results of the MWDC model are almost equal to those of the MCVC model;（2）the MWDC model overcomes the difficulties and shortcomings of the MCVC model;this makes the MWDC model more feasible in model construction;（3）constructing a model of minimizing an economic index under the limitations of performance indexes is better at meeting the needs of practical engineering problems and completely satisfies safety and economic requirements in mechanical engineering,which have remained unchanged since the early days of mechanical engineering.

A Pragmatic Approach for Assessing the Economic Performance of Model Predictive Control Systems and Its Industrial Application

In this article,an approach for economic performance assessment of model predictive control(MPC) system is presented.The method builds on steady-state economic optimization techniques and uses the linear quadratic Gaussian(LQG) benchmark other than conventional minimum variance control(MVC) to estimate the potential of reduction in variance.The LQG control is a more practical performance benchmark compared to MVC for performance assessment since it considers input variance and output variance,and it thus provides a desired basis for determining the theoretical maximum economic benefit potential arising from variability reduction.Combining the LQG benchmark directly with benefit potential of MPC control system,both the economic benefit and the optimal operation condition can be obtained by solving the economic optimization problem.The proposed algorithm is illustrated by simulated example as well as application to economic performance assessment of an industrial model predictive control system.

Effect of interest rate on economic performance: evidence from Islamic and non-Islamic economies

Background:Saving and investment are two of the most important tools for economic growth.The interest rate has always been considered an important determinant of saving and investment.However,according to Islamic teachings,riba or earning interest on saving or investment is forbidden,and thus,many Muslims try to avoid earning income from the interest rate.Therefore,the aim of this study is to assess the effects of this religious guideline on the financial decisions of an Islamic country’s population and its impact on saving and investment.Methods:We applied the random effect and system generalized method of moments(GMM)model separately to data of 17 non-Islamic and 17 Islamic countries from 2005 to 2013.Results:The results suggest that people in Islamic countries are not concerned about the interest rate on saving,but in non-Islamic countries,the interest rate,per capita income,and inflation have significant positive impacts,and national expenditure has a significant negative impact on saving.However,in Islamic countries,remittances received and national expenditure have negative significant impacts,and per capita income has a positive significant impact on saving.In the case of investment,interest rate and inflation show a negative effect on investment while trade affects investment positively in both Islamic and non-Islamic countries.Furthermore,domestic credit provided by banks has a negative significant effect on investment in non-Islamic countries,while in Islamic countries,remittances show a positive significant impact on investment.Conclusions:The governments and policy makers of Islamic countries should not imitate the economic policies of non-Islamic countries because religious factors play an important role in the interest rate-saving relationship.Instead,they should increase per capita income by improving employment conditions and by reducing remittances received and national expenditure.Policies on saving should not allow earning interest.Furthermore,in order to increase investment,efforts should be made to lower the interest rate and inflation,and to enhance remittances received and trade.These policies will increase saving and investment in Islamic countries,ultimately resulting in improved economic growth.

Effects of Whole-plant Corn Silage and Whole-plant Wheat Silage on Growth Performance and Economic Benefits of Beef Cattle

[Objectives]This study was conducted to study the effects of whole-plant corn silage and whole-plant wheat silage on growth performance and economic benefits of beef cattle.[Methods]Thirty Simmental crossbred cattle were selected and randomly divided based on their weight into two groups,15 cows in each group,with an average weight of 398 kg.Each group was fed the same concentrated feed,and the whole-plant corn silage and wheat silage were fed as roughage feed,respectively.The experimental period was 90 d.[Results](1)There was no significant difference in the initial weight of beef cattle between test group 1 and test group 2(P>0.05).Compared with group 2,group 1 had a higher final weight,average daily gain,and dry matter intake of beef cattle,without significant differences(P>0.05).Group 1 was 0.58%,1.99%,and 1.43%higher than group 2,respectively.The feed-to-gain ratio of test group 1 decreased by 0.54%compared with test group 2(P>0.05),with no significant difference therebetween.(2)The economic benefit of group 1 was 11.45 yuan/(day·capita),while the economic benefit of group 2 was 2.41 yuan/(day·capita),and group 1 was 9.04 yuan/(day·capita)higher than group 2.[Conclusions]Whole-plant corn silage for feeding beef cattle has the advantages of good weight gain and low breeding cost,and can be popularized in beef cattle fattening.

Assessing economic performance of the three major urban agglomerations in China by using Malmquist productivity index

Forty years of reform and opening up,China has become to the world’s second-largest economy with great success.However,it is an undoubted actuality that the economic mode of Chinese development is still at the extensive stage.China’s economy has shifted from a high-speed growth phase to a high-quality development phase.In this study,we analyzed three major urban agglomerations’total factor productivity index dynamically by means of Malmquist productivity i?ndex method.The results showed that MPI of Beijing-Tianjin-Hebei urban agglomeration was the highest,as the reasons of the effectiveness of dual-wheel driving both the technology progress and the cluster scale.The mean of MPI of Yangtze River Delta urban agglomeration was fallen into decline by an average of 1.3%annually due to the rate of increase of the size of the cluster towards to optimal frontier was inferior to the relative risk reduction of technology progress.Pearl River Delta urban agglomeration MPI declined by an average of 2.2%annually as a result of the contribution of technology progress reducing.The study of the economic performance of three major urban agglomerations provides a theoretical basis and important practical value for urban development of high quality optimization.

Analysis of Economic Performance in Mergers and Acquisition

Based on the methods of financial analysis, the direct earnings in mergers and acquisition M&A, profit or loss from stock price fluctuation, influence on the earning per stock(EPS) and revenue growth after M&A were analyzed in detail. And several quantitative models were established in relevant part accordingly. It can be useful to improve the present low efficiency in the M&A performance in Chinese capital market.

Effects of Maize Silage Harvest Stage on Growth Performance and Economic Benefits of Beef Cattle

[Objectives]This study aimed to investigate the effects of whole-crop maize silage harvested at different stages on growth and economic benefits of beef cattle.[Methods]A total of 30 Simmental crossbred cattle weighing about 378 kg were randomly divided into three groups,respectively fed for 70 days with whole-crop maize silage harvested at milk stage(GroupⅠ),dough stage(GroupⅡ)and physiological maturity stage(GroupⅢ).Moreover,the cattle in all groups were given the same concentrate diet.[Results]There were significant differences in dry matter,crude protein and neutral detergent fiber between whole-crop maize silages harvested at different stages(P<0.05).The dry matter in GroupⅡandⅢwas significantly higher than that in GroupⅠ(P<0.05).The crude protein content peaked in GroupⅡ,up to 6.37%,which was significantly higher than that in GroupⅠ(by 12.74%,P<0.05)and GroupⅢ(by 9.26%,P<0.05).Starch content significantly increased with the postponing of maize harvest(P<0.05).The content of neutral detergent fiber in Group I was significantly higher than that in GroupⅡ(P<0.05)and GroupⅢ(P<0.05).The average daily weight gain in GroupⅡwas 8.53%higher than that in GroupⅠ(P<0.05)and 3.70%higher than that in GroupⅢ(P>0.05).The dry matter intake in GroupⅡwas significantly higher than that in GroupⅠ(P<0.05)and GroupⅢ(P<0.05).There was no significant difference in feed/gain ratio between the groups(P>0.05).The economic benefit in GroupⅡwas the highest,up to 9.99 yuan/day per capita.,followed by that in GroupⅢ,9.79 yuan/day per capita,and that in GroupⅠwas the lowest,only 8.03 yuan/day per capita.[Conclusions]The whole-crop maize silage harvested at dough stage has the best quality and produces the highest economic returns for beef cattle.

Eco-Efficiency： Environmental Performance vs Economic Performance

The second half of the 20th century was characterized by an increasing interest in the pace of economic growth and its impact on the environment. As a result, the concept of eco-efficiency as a philosophy of management has arisen, which combines the excellence of the environment and business. This paper uses the distribution-free approach to provide empirical evidence in relation to the eco-efficiency paradigm by studying the relation between environmental performance （measured by the level of emissions of air-contaminating substances） and economic performance （approximated by economic efficiency）, in 199 companies from mineral manufacturing industry in Spain between 2004 and 2007. The empirical analysis shows that the results are consistent with the paradigm of eco-efficiency and therefore it can be concluded that being responsible for the environment is positively related to economic efficiency.

Impacts of Climate Change on Economic Performance of Tilapia Pond Operations in Minalin, Pampanga: A Case of Intensive Large-Scale Pond Culture

Pampanga is the top tilapia-producing province in Philippines. One of its municipalities, Minalin, is considered as one of its major centers of production. This study aims to determine the impacts of climate change hazards on the economic performance of tilapia-intensive pond culture in Minalin, Pampanga considering the threats to the industry, livelihoods, and food security. Results revealed that the economic performance of tilapia pond operations using semi-intensive large-scale culture was affected by climate change, as reflected in the reduction of yield among tilapia pond operators. This makes intensive tilapia pond farming in Minalin still a viable venture but will now require more than a year to pay for investment (variable and fixed) costs if under climate change risks. The study recommends strengthening capacity building related to climate-smart tilapia farming technologies for pond operators and to implement appropriate technologies to address climate change risks.

The impact of European firms＇ economic conditions and financial performance on accounting quality

In this study the authors analyse the possible effect of firms＇ economic conditions and financial performance on accounting quality. Bradshaw, et al. （2004）, Gelos ＆ WEI （2005） stated that financial reporting quality is fundamental for investors and it affects international capital movements. Following Schipper ＆ Vicent （2003）, the authors estimated accounting quality by abnormal accruals and earnings persistence. The authors＇ contribution consists of investigating a huge number of firms from 17 European countries using unbalanced panel data. The authors found evidence that economic conditions affect accounting quality： big firms and those with high current earnings exhibit better financial information. These results are robust because they do not depend on the accounting quality proxy, even when the authors estimated regression with economical and financial factors alone or together. Financial performance does not seem to affect accounting quality. However, this relation is not linear because in high leveraged firms, the capital structure becomes determinant.

Research to Improve the Effectiveness of the Government＇s Economic Management of Performance Management

Government Performance Management is a new government management pattern. It plays an important role in the development of the local government and an important part of the government human resource management. Since China began to implement its government performance management, it has obtained some initial results. But it is still in the exploratory and improvement stage. Because a lot of problems arise in the actual operation process, so theoretical research and practice experience need to be further improved. Therefore, analyzing the local government perfornaance management problems and exploring strategies to improve the performance management are currently the objective requirements of the socialist market economy construction and governance reform in China and will have great significance.

On the Economic Performance of Safety Food Production in China： Investigation and Analysis of the Yangtze River Delta

The production of safety food is an important foundation for establishing a Food Quality Safety Management System. The investigation focused on 11 kinds of safety food produced by 11 agricultural enterprises in Jiaxing, a part of the Yangtze River delta region in China. The economic performances of safety foods were also analyzed. The analysis showed that safety food production input was more than that of normal food and had different cost items compared to normal food. The rate of cost overflow was lower than the rate of comparative returns, resulting in the economic performance of safety food being higher than that of normal food. However, there were some problems, such as high quality without high prices. In the production of safety food, we will mainly pay attention to them.

Simulating the Impact of the Economic Sustainability Plan on the Performance of the Nigerian Economy in the Post COVID-19 Era

This study examines the impact of Economic Sustainability Plan (ESP) on the performance of the Nigerian economy as a national economic resilient policy in the post COVID-19 era within the framework of a macro-econometric model. The study is hinged on the Keynesian general theory of employment, income and interest. Annual time series data spanning from 1970 to 2019 for within sample forecast, and a six-year out-of-sample forecast spanning from 2020 to 2025 were used. The policy scenario of 21.3 percent increase in government expenditure under the ESP as a stimulus package was simulated and the findings showed that increase in government expenditure under the ESP in critical areas would bring about significant impact on the macroeconomic performance of the Nigerian economy, especially on employment, inflation, economic growth and balance of payment in the post COVID-19 era. Emergent from these findings, the study recommended among others that the government should mobilize resources to finance the ESP in order to stimulate the economy in the post COVID-19 era by ensuring prudential fiscal management of resources;and the Central Bank of Nigeria (CBN) should ensure that financial institutions saddled with the responsibility of disbursement of intervention funds reduce interest rate from 9 percent to 5 percent as reflected in the ESP.

Performance-Economic and Energy Loss Analysis of 80 KWp Grid Connected Roof Top Transformer Less Photovoltaic Power Plant

In India most part receives 4 - 7 kWh of solar radiation per square meter per day with 200 - 250 sunny days in a year. Tamilnadu state also receives the highest annual radiation in India. In this paper, the grid connected photovoltaic plant has a peak power of 80 KWp supplies electricity requirement of GRT IET campus during day time (7 hrs) and reduces load demand and generates useful data for future implementation of such PV plant projects in the Tamilnadu region. Photovoltaic plant was installed in April 2015, monitored during 6 months, and the performance ratio and the various power losses (power electronics, temperature, soiling, internal, network, grid availability and interconnection) were calculated. The PV plant supplied 64,182.86 KWh to the grid from April to September 2015, ranging from 11,510.900 to 10,200.9 kWh. The final yield ranged from 143.886 (h/d) to 127.51 (y/d), reference yield ranged from 201.6 (h/d) to 155.31 (h/d) and performance ratio ranged from 71.3% to 82.1%, for a duration of six months, it had given a performance ratio of 83.82%, system efficiency was 4.16% and the capacity factor of GRT IET Campus for six months was 18.26%. Payback period in years = 9 years 4 months, energy saving per year = 204,400 KWh, cost reduction per year = 1,737,400, Indian rupee = 26,197.30 USD and total CO2 reductions per year = 102,200 tons CO2/year.

Economic performance of the automobile industry in September 2019

China totally exported 3,570.9 tons of rare earths in September 2019 According to Chinese customs data, China exported 3,570.9 tons of rare earths in September 2019, down 17.96% than the previous month;China totally exported 36,398 tons of rare earths during January ~ September period, down 9% year-on-year.

Research on the Impact of Independent R&D and Collaborative Innovation on Economic Performance in China’s pharmaceutical Industry

Objective To study the impact of independent R&D and collaborative innovation on economic performance in the pharmaceutical industry.Methods A panel regression model was established by selecting the panel data of China’s pharmaceutical industry from 2009 to 2019.Results and Conclusion Independent R&D and collaborative innovation of the pharmaceutical industry in eastern,central and western regions of China had a positive effect on economic performance.Besides,the promotion effect of independent R&D was greater than that of collaborative innovation.The positive driving effect of economic performance is the largest among the three regions,followed by the central and western regions.The collaborative innovation has the greatest positive effect on economic performance in the central region,followed by the eastern and western regions.

Empirical Analysis on Performance Evaluation of A Pharmaceutical Company Based on Economic Value Added

Objective To establish an economic value added(EVA)performance evaluation system to maintain the competitiveness of pharmaceutical company A under the environment of fierce competition in the pharmaceutical industry.Methods An EVA performance evaluation model was established by adjusting the items of EVA performance evaluation index,such as after-tax profits,total invested capital and weighted average cost of capital rate.Results and Conclusion EVA values of pharmaceutical company A from 2014 to 2018 were calculated and compared with the traditional performance evaluation method,it was found that EVA performance evaluation model reflected the real performance of pharmaceutical company A.Therefore,pharmaceutical company A is doing well,but its growth rate is unstable.

Economic Performance of Textile Machinery Industry in China (1-2,2009)

China’s textile machinery industry saw a continued decline in total profit and a hefty slump in imports and exports in the first two months of 2009.

White-Paper Report:Textile Machinery Industry (2005-2009) Economic Performance in Chinese Textile Machinery Industry

This report is accomplished by China Textile Machinery and Accessories Association to be part of the Annual Report of China Textile Industry that comes out in the middle of the year.Given that all the official statistics are channeled to each industrial sector four times a year(March,May,Aug.Nov.) ,it comes as no surprise at all when an annual report is prepared at the beginning of the new year by taking eleven months into account because of the data availability from the government.This report of Chinese textile machinery industry is also based on the data attainable from Jan.to Nov.in 2009.