Characteristics and management strategy of the devices configured in Baosteel's domestically-integrated 60000 m^3/h air separation unit

Baosteel＇ s No. 8 air separation unit（ASU） is the first domestically-integrated 60 000 m^3/h ASU. This paper describes the mechanical equipment, the design and the configuration characteristics of this unit. The potential failure modes of the mechanical devices are deduced via analyses on the failure history of similar devices in other ASUs. Finally, this paper also brings up suggestions on daily maintenance, overhaul and purchases of spare parts.

The Separation of Powers from Functions and the Establishment of a New Structure of Management and Operation of State-owned Assets

The development of the socialist market economy demands the furtherintensification of the reform of the management operating system (MOS)of the state-owned assets, the strengthening of the efficiency in the man-agement of state-owned assets,and the improvement of the operating bene-

Realistic Difficulties and Routing Selection of the Reform of Separation of Management and Regulation of Public Institutions

Separation of management and regulation of public institutions is the important part of the reform of public institutions,and it is also an effective method to further inspire public institutions,forming the new pattern of social power participating in the development of public welfare undertakings.However,the reform of separation of management and regulation in China faces many problems and difficulties,for which different regions must promote and deepen the reform in spite of such problems and difficulties on the one hand; on the other hand,they must base the reform on the local situation,choosing different reform routes and modes instead of universal application.

Independent integration and innovation of the first domestically-integrated 60000 m^3/h air separation unit

Baosteel＇s 60000 m……3/h air separation unit （ASU）, the first domestically-integrated unit of its class, is a milestone in the Chinese air separation industry. In this paper,the process characteristics of the unit and the application of the original techniques are expatiated. Some difficulties in the process design, the risk control, the quality control, the control system integration and the system commissioning are analyzed and appraised. The mode of the project integration and innovation, the cooperation among industries and the user-orientated project management mode are introduced. Finally,the successful experiences in innovation are summarized with the focus on the integration of the project.

A Mobility Management Solution Based on ID/Locator Separation

Current mobility management solutions based on ID/Locator separation are not easily deployed and cannot solve routing scalability and mobility problems. This paper proposes a novel network architecture based on ID/Locator separation and suggests a new mobility management solution. This solution solves the problem of scalability in the network and also provides better support for mobility. It can be easily deployed because no modification of the mobile host’s protocol stack is required. The identifier contains some routing information; so the solution provides intrinsic interworking with traditional mobile hosts. Because the mapping systems are distributed to the edge networks, robustness of the whole system is enhanced and handover delay is decreased.

Some Aspects of Waste Management of Ukraine

The development of waste management can be considered in some way dictates of time. Ukraine has unique conditions of the secondary usage of natural resources, which is particularly important given to the increasing generation of waste and its progressive accumulation. The relevant provisions relate to the industrial sector as well as areas of consumption. However, for most of recyclable materials is still low. The formation of market relations in Ukraine contributed to enhance this process and relevant field of entrepreneurship. Now the formation of a separate segment is taking place. The state and the perspectives of the development of collection, accumulation and recycling of waste stream have been analyzed in the article. Conceptual position of the legislative regulation of this field is defined. The ways of improving the legal support of secondary raw materials have been defined. The peculiarities of waste management of Ukraine are considered.

Fast thermal responsive separators toward long-life and safe lithium metal batteries

Lithium metal batteries(LMBs)have been extensively investigated during the past decades because of their ultrahigh energy densities.With the increasing demand for energy density,however,the safety issue of LMBs has become a significant challenge.In particular,localized areas of increased temperature(namely,hotspots)may be induced and even exacerbated within LMBs by uneven current distribution,internal short circuits,or inadequate heat dissipation,which significantly sacrifices battery safety and cycle life.Here,we report the rational design and fabrication of a fast thermal responsive separator capable of inhibiting the growth of lithium dendrites and mitigating thermal propagation,thereby reducing the risk of thermal runaway.The as-achieved separator comprises both an electrospun membrane using a phase change material with superior thermal-storage ability and a thermally conductive modification layer of hexagonal boron nitride nanosheets with a fast heat-transfer feature.It is demonstrated that such a unique integration of heat conduction and heat storage enables the functional separator with attractive abilities to mitigate hotspots and inhibit the growth of lithium dendrites upon the cycling of LMBs.Moreover,pouch cells with the thermal-responsive separator,as well as numerical simulations,verify much enhanced safety and cycle life of LMBs.This work may offer a new conceptual design of intelligent separators that acts as a functional unit encapsulated within a single cell to boost in-situ thermal management,which will help to develop high-safety and energy-dense LMBs.

Operating Performance of Initial Public Offering Companies in Hong Kong

This study investigates the earnings performance of 418 initial public offerings （IPOs） listed on the stock exchange of Hong Kong. By analyzing several profitability measures of these 1PO companies from the third year prior to listing up to the fifth year post-listing, it is found that IPO companies＇ operating performances as a whole peak in the year of listing or the year preceding the listing, but exhibit a fall in post-issue profitability with the decline being most pronounced in the first financial year following the year in which the listing take place. Over 30% of these IPOs suffer a loss three years after the offerings. Deterioration of post-issue performance is found to be more severe for smaller finns, highly-geared companies, fast-growing enterprises, companies with lower ownership retention by original shareholders, and companies which have managed earnings upwards at the time of listing. These observations are consistent with the higher agency costs when firms go public and that managers have timed the issue at the peak of the companies＇ long-run performance. Further investigation confirms that IPO companies in general make use of income-increasing accruals to manage their earnings upwards in the year when they go public. The reversal of the accruals in post-issue years further exaggerates the decline in their profitability.

Epidural Analgesia Following Component Separation Hernia Repair: Is It Beneficial?

Purpose: Optimal pain management strategies for patients undergoing component separation hernia repair are not defined. Epidural analgesia (EA) has been shown to decrease pulmonary complications and duration of ileus and to improve pain control in other patient populations. In this study we examined outcomes of patients receiving EA after separation of components (SOC). Methods: After obtaining IRB approval, a retrospective review was performed of patients undergoing ventral hernia repair with SOC from January 2006 to October 2010 at the University of Kentucky. Patients were identified from hospital operative records. Pre-operative patient characteristics and operative data were obtained from the medical record. Information was collected relating to use of EA, complications, and length of hospitalization (LOS). Post-operative outcomes were compared between those that had epidurals and those that did not. Results: One hundred seventeen patients were identified that underwent SOC, 34 of whom had EA. These two groups were similar in relation to age, BMI, and co-morbidities. Three patients in the epidural group had complications limiting epidural duration—two with hypotension and one with refractory pruritus. There was no difference in pneumonia, deep vein thrombosis (DVT), wound infection, urinary tract infection (UTI), recurrence, or mortality (Table 1). There was an increase in LOS (6.68 vs. 6.06 days, p 0.01) in patients with EA. Conclusions: The use of EA results in increased LOS in patients undergoing SOC. EA associated morbidity occurs infrequently. The incidence of post-operative complications is unaffected by EA. Further studies are needed to delineate the benefit of EA in this patient population.

A Privilege Separation Method for Security Commercial Transactions

Privilege user is needed to manage the commercial transactions, but a super-administrator may have monopolize power and cause serious security problem. Relied on trusted computing technology, a privilege separation method is proposed to satisfy the security management requirement for information systems. It authorizes the system privilege to three different managers, and none of it can be interfered by others. Process algebra Communication Sequential Processes is used to model the three powers mechanism, and safety effect is analyzed and compared.

Empirical Study on Factors Influencing Residents’ Behavior of Separating Household Wastes at Source

Source separation is the basic premise for making effective use of household wastes. In eight cities of China, how- ever, several pilot projects of source separation finally failed because of the poor participation rate of residents. In order to solve this problem, identifying those factors that influence residents’ behavior of source separation becomes crucial. By means of questionnaire survey, we conducted descriptive analysis and ex- ploratory factor analysis. The results show that trouble-feeling, moral notion, environment protection, public education, environment value and knowledge deficiency are the main factors that play an important role for residents in deciding to separate their household wastes. Also, according to the contribution percentage of the six main factors to the total behavior of source separation, their influencing power is analyzed, which will provide suggestions on household waste management for policy makers and decision makers in China.

Bioorganic Municipal Waste Management to Deploy a Sustainable Solid Waste Disposal Practice in China

The utilization of bioorganic municipal waste (BMW) is considered essentially for the further development of integrated waste management practice in China. Awareness and knowledge about the importance of BMW management and source separation of waste on household level, as a precondition for the implementation of an economically feasible integrated waste management infrastructure, were developed in Europe during the last decade. The Sino–German RRUBMW Project is facilitating applied research investigations in 4 pilot areas in Shenyang to assess the population’s behavior to develop the design criteria for appropriate process technologies and to provide the basis to adopt BMW management policy in China.

Cross-cultural management

CNPC’s achievements in global business are inseparable from its successful practice in cross-cultural management. Based on cultural characteristics of different resource countries and the equity ownership structure of different projects, CNPC has made remarkable achievements in cross-cultural management, constantly summarizing experience and adopting differentiated strategies for crosscultural management.

Commercial Credit and Corporate Productivity

As an important form of informal finance,commercial credit is widely used among enterprises.Does commercial credit promote the total factor productivity of enterprises?According to the theoretical literature and the reality,using the large sample data of Chinese industrial enterprises,the paper empirically tests the impact of commercial credit on the productivity of enterprises from three aspects:the provision and acquisition of commercial credit and the net commercial credit.The study finds that the provision of commercial credit reduces the productivity level of enterprises;the acquisition of commercial credit fails to promote productivity;while the net commercial credit as a short-term financial buffer for enterprises can alleviate the financing constraints,faced by enterprises,especially private enterprises,which help to increase their productivity levels.In addition,the study found that the higher the marketization process in the region,the more favorable the commercial credit is to the improvement of the production efficiency of private enterprises.

Manager’s Characteristics, Debt Financing and Firm Value

Based on the behavioral finance theory and the upper echelons theory, this paper employs the data of China's A-share listed companies from 2008 to 2013 as research samples, and empirically tests the effects of managers with different characteristics on debt financing and firm value for enterprises of different ownership nature. Results of this study indicate that the debt financing of the listed companies in China can reduce the agency cost with a positive governance effect that promotes firm value. Male, better educated, short-tenured, and financially experienced managers are more likely to be overconfident and prefer debt financing. Specifically, the manager's age, level of education, and work experience can significantly promote the effect of debt financing on firm value. Compared with SOEs, private enterprises can improve their firm value more significantly through debt financing;the education and work experience of the managers of private enterprises are more positively correlated with debt financing and can more significantly improve firm value through debt financing. This paper's findings suggest that the manager's characteristics and firm ownership nature must be taken into account to reach valid conclusions on the governance effects of debt financing on firm value. Meanwhile, these conclusions help unravel the mechanism and economic implications of debt financing, and contribute to the improvement of the capital structure decisions and human resources management practices of China's listed companies. This study not only enriches the literature and empirical evidence on the correlation between managers' characteristics and firm financing, but indicate that managers' characteristics and firm ownership are important considerations for investigating the governance effects of debt financing on firm value and have a vital impact on the formulation and implementation of firm financing decisions.

数据产权法律构造论

在数字经济环境中,数据已成为一种新型生产要素,需要更好地挖掘和开发其经济价值。数据不同于传统有体物以及知识产权客体的特征和属性使其在法律制度构建和运行上也具有特殊性。数据产权制度是数据基础制度的核心内容,其应涵盖保护数据主体合法权益、协调和平衡数据利益关系、促进数据有序流动和分享、促进数据要素利益公平分配等内容。数据产权的法律构造旨在建立数据资源持有权、数据加工使用权和数据产品经营权的数据动态流转和价值实现机制,最终服务于数字经济发展目标。

基于集体所有制对农村体育的历史审视及学术反思

新中国成立后,在中国共产党领导下迅速形成的具有社会主义性质的集体所有制,既是组织农业生产的一项基本经济制度,也是治理农村社会的一项基本政治制度,还是改善农民生活的一项基本民生制度。因此,新中国成立后70多年来农村集体所有制的形成、改革与完善,必然左右着农村体育发展的方向和路径,决定着农村体育发展的组织与机制,制约着农村体育发展的规模与形式。该研究采用历史阐释和社会批判的方法,分析集体所有制在不同的历史时期对农村体育发展以何种原因和何种方式产生影响。结果显示:社会主义改造和“农业合作化运动”,使广大农民走上了集体化的合作道路,加速了农民对体育的社会主义认知;社会主义建设和人民公社体制,奠定了农村集体所有制的制度基础,为推动农村体育开展提供了基本的组织方式;改革开放和“家庭联产承包责任制”,重塑了农村的生产关系和社会结构,为农村体育提供了内在的需求与动力;新时代和农村土地制度改革的深化,推进了新型农业经营体系的形成,为农村体育提供了新的发展路径和走向。

土地经营权入股立法的反思与展望

自家庭联产承包责任制实施以来,关于农村土地承包经营权能否以入股等方式流转,在政策与法律层面经历了比较复杂的变迁过程。土地经营权入股在立法中得到确认是“三权分置”改革的重要成果之一,有利于在流转中更好地实现土地经营权的价值。土地经营权入股现行立法表达不规范、不统一,且与相关法律规定存在冲突,导致立法预期的实现受阻。以立法的基本原理来审视,立法用语不规范只是表面现象,土地经营权的性质不明才是立法困境的根源,对入股所致不利后果的担忧则进一步导致适用难题。实践中大量存在的“以租代转”、“名为入股、实为出租”现象表明,既有立法并不能有效满足土地经营权入股的需求,反而徒增解释与适用的混乱。为了弥合土地经营权入股的认知分歧,保持相关立法之间的协调,实现“三权分置”的立法目的,有必要在立法中统一相关表述,明确规定土地经营权的性质,移除土地经营权承载的不必要负担,让土地经营权真正成为“可以用货币估价并可以依法转让的非货币财产”,进而以“作价出资”取代“入股”。

非国有董事治理积极性与国有企业审计意见决策

如何发挥非国有董事治理积极性以提高国有企业审计意见质量,实现国有资产保值增值,是深化国有企业改革亟需研究的问题。以2013—2022年A股国有企业上市公司为样本,构建离散选择模型,以投非赞成票代理非国有董事治理积极性。研究发现,非国有董事治理积极性越高,越能够提示应计盈余管理风险,审计师越倾向出具非标准审计意见;第一大非国有股东持股比例越高,混改国有企业股权集中度越低,非国有董事治理积极性与审计意见谨慎性的关系越显著。经过稳健性检验,研究结论不变。进一步研究发现,非国有董事积极履行治理职能导致审计意见质量提高有利于混改国有企业资产保值增值,实现国有企业混改主要目标。研究结论对于国有企业审计师正确决策审计意见、非国有董事有效维权、政府监管部门和混改国有企业充分尊重非国有董事治理的积极性、实现国有企业改革目标,均具有启示意义。