In order to expand the application of strength reduction methods with the ubiquitous-joint criterion, the corresponding program is compiled using FLAC3D software. A procedure for strength reduction in the ubiquitous-j...In order to expand the application of strength reduction methods with the ubiquitous-joint criterion, the corresponding program is compiled using FLAC3D software. A procedure for strength reduction in the ubiquitous-joint criterion is proposed to study the safety factor of slopes as well as the relationships of the bedding plane inclination angle β and the safety factor F. The results show that： 1） for the bedding rock slope, the various failure modes cause different variations of the safety factor F; 2） a bed- ding rock slope can be divided into two types by the angle between the bedding plane inclination and slope surface inclination a; when a_〈45~, the bedding slope can be strictly defined as the subsequent bedding rock slope; when 45°〈α〈90°, the bedding slope is defined as an oblique bedding slope; 3） for bedding rock slopes, the safety factor increases with an increase in a; for inverse bed- ding slopes, when the bedding plane inclination angle fl is small, the safety factor F of the slope increases at first, then decreases with an increase in a; when β is large, the safety factor F increases with an increase in α.展开更多
The income approach of asset valuation estimates the asset value according to the asset-discounted future earnings or the capitalizing process. As a result, a reasonable prediction of asset-expected future returns has...The income approach of asset valuation estimates the asset value according to the asset-discounted future earnings or the capitalizing process. As a result, a reasonable prediction of asset-expected future returns has become one of the core contents of the income approach. The forecast on expected future earnings is generally based on many uncertain factors, such as strict conditions of assumption and the complexity of environment. However, the current valuation practice in this aspect varies greatly and sometimes depends on personally experienced judgment of appraisers. Therefore, the obtained valuation results tend to be simplified and absolutized. This paper takes a listed company in China as an example to explore the way of inserting an uncertainty analysis into the prediction of the income approach, and then to obtain a series of valuation results within a certain probability fluctuation range. Finally, it puts forward some suggestions about the Monte Carlo simulation （MCS）.展开更多
基金Project 5049027 supported by the National Natural Science Foundation of China
文摘In order to expand the application of strength reduction methods with the ubiquitous-joint criterion, the corresponding program is compiled using FLAC3D software. A procedure for strength reduction in the ubiquitous-joint criterion is proposed to study the safety factor of slopes as well as the relationships of the bedding plane inclination angle β and the safety factor F. The results show that： 1） for the bedding rock slope, the various failure modes cause different variations of the safety factor F; 2） a bed- ding rock slope can be divided into two types by the angle between the bedding plane inclination and slope surface inclination a; when a_〈45~, the bedding slope can be strictly defined as the subsequent bedding rock slope; when 45°〈α〈90°, the bedding slope is defined as an oblique bedding slope; 3） for bedding rock slopes, the safety factor increases with an increase in a; for inverse bed- ding slopes, when the bedding plane inclination angle fl is small, the safety factor F of the slope increases at first, then decreases with an increase in a; when β is large, the safety factor F increases with an increase in α.
文摘The income approach of asset valuation estimates the asset value according to the asset-discounted future earnings or the capitalizing process. As a result, a reasonable prediction of asset-expected future returns has become one of the core contents of the income approach. The forecast on expected future earnings is generally based on many uncertain factors, such as strict conditions of assumption and the complexity of environment. However, the current valuation practice in this aspect varies greatly and sometimes depends on personally experienced judgment of appraisers. Therefore, the obtained valuation results tend to be simplified and absolutized. This paper takes a listed company in China as an example to explore the way of inserting an uncertainty analysis into the prediction of the income approach, and then to obtain a series of valuation results within a certain probability fluctuation range. Finally, it puts forward some suggestions about the Monte Carlo simulation （MCS）.
