Containerization with its increasing share in seaborne trade highlights the importance of assessing container terminals performance indicators. The world economical situation and the global container market have impro...Containerization with its increasing share in seaborne trade highlights the importance of assessing container terminals performance indicators. The world economical situation and the global container market have improved slightly after the 2008 world economical crises. Egyptian container terminals are important to serve the world liner services in particular the main east-west routes. Egypt is considered the leading country in Africa and the 18th worldwide in serving the liner markets. Alexandria container terminal as a medium size terminal shows an acceptable super/infra structure facilities and throughput. The analysis of Alexandria container terminal performance indicators from 2007 to 2011 shows a slightly progressive trend. Selected indicators, reflecting production, productivity, utilization and service measures, were used according to the available data. Terminal production shows a slight increasing demand concerning number of vessels and TEUs （Twenty Equivalent Units）. Furthermore, productivity indicators proved remarkable development in moves per working hours rather than moves per hours in port, deducing lack of port services accompanying cargo handling. Moreover, Utilization measurements show the terminal occupancy ratio fluctuating from 45% to 67% with slight development. Finally, Service measures show progress in vessels turnaround time, while long wasted time consumed in processes rather than operation was observed.展开更多
Some recent studies presented two existing types of ENSO events, one is the Eastern-Pacific(EP) type and the other the Central-Pacific(CP) type. This study examined the monitoring ability of several current operationa...Some recent studies presented two existing types of ENSO events, one is the Eastern-Pacific(EP) type and the other the Central-Pacific(CP) type. This study examined the monitoring ability of several current operational ENSO indices. The results indicated that a single index could not distinguish the EP and CP in the historical ENSO events during 1950-2009. The Nio 3 index may only be suitable for monitoring the EP-type ENSO, while the Nio 4 index works only for the CP-type ENSO. In order to capture the occurrence of ENSO events and distinguish the type, we considered a new monitoring index group using Nio 3 and Nio 4 indices. Further analysis confirmed that this index group can monitor different types of historical ENSO events with different spatial distribution of sea surface temperature. It has a good performance in determining the characteristics of the ENSO events, including peak intensity, onset,decay, and mature phase.展开更多
This paper aims to examine the existence of calendar anomalies including month-of-year effect, turn-of-month effect, and weekend effect in Thai stock market. The stock return is computed from SET index during 1988 to ...This paper aims to examine the existence of calendar anomalies including month-of-year effect, turn-of-month effect, and weekend effect in Thai stock market. The stock return is computed from SET index during 1988 to 2009 and the SET50 index gathered since it was created in 1995. The unit root test is performed to ensure that the stock return series have no unit root. The multiple regression techniques using dummy variables are employed to test the difference of the return during each calendar anomalies period. If the regression model suffers from conditional heteroskedasticity, the GARCH （1, 1） model will be used instead of normal ordinary least square regression. It was found that the calendar anomalies exist in Thai stock market. The return is abnormally high during December and January, which can be addressed to be the turn-of-year effect. The return during the turn-of-month period, which can be defined as the last trading day and the first four trading days of the following months, is also abnormally high. Finally, the return is also abnormally high on Fridays but abnormally low on Mondays, which is addressed as weekend effect. This may create the opportunity to make above-average profit to investors exploiting these calendar anomalies. Although these calendar anomalies may be difficult to be exploited in practice because of transaction costs and ability to replicate the stock index, the existing evidence of calendar anomalies can help investors as the clue for the timing of investment.展开更多
For an ergodic continuous-time Markov process with a particular state in its space,the authors provide the necessary and sufficient conditions for exponential and strong ergodicity in terms of the moments of the first...For an ergodic continuous-time Markov process with a particular state in its space,the authors provide the necessary and sufficient conditions for exponential and strong ergodicity in terms of the moments of the first hitting time on the state.An application to the queue length process of M/G/1 queue with multiple vacations is given.展开更多
文摘Containerization with its increasing share in seaborne trade highlights the importance of assessing container terminals performance indicators. The world economical situation and the global container market have improved slightly after the 2008 world economical crises. Egyptian container terminals are important to serve the world liner services in particular the main east-west routes. Egypt is considered the leading country in Africa and the 18th worldwide in serving the liner markets. Alexandria container terminal as a medium size terminal shows an acceptable super/infra structure facilities and throughput. The analysis of Alexandria container terminal performance indicators from 2007 to 2011 shows a slightly progressive trend. Selected indicators, reflecting production, productivity, utilization and service measures, were used according to the available data. Terminal production shows a slight increasing demand concerning number of vessels and TEUs （Twenty Equivalent Units）. Furthermore, productivity indicators proved remarkable development in moves per working hours rather than moves per hours in port, deducing lack of port services accompanying cargo handling. Moreover, Utilization measurements show the terminal occupancy ratio fluctuating from 45% to 67% with slight development. Finally, Service measures show progress in vessels turnaround time, while long wasted time consumed in processes rather than operation was observed.
基金The Definition of El Nio/La Nia Episodes,a National Standard ProjectSpecialized Project for Public Welfare Industries(GYHY201406018,GYHY200806009)+2 种基金Program 973(2012CB955901)National Science and Technology Support Program(2009BAC51B05)National Youth Foundation for Natural Science(41005038)
文摘Some recent studies presented two existing types of ENSO events, one is the Eastern-Pacific(EP) type and the other the Central-Pacific(CP) type. This study examined the monitoring ability of several current operational ENSO indices. The results indicated that a single index could not distinguish the EP and CP in the historical ENSO events during 1950-2009. The Nio 3 index may only be suitable for monitoring the EP-type ENSO, while the Nio 4 index works only for the CP-type ENSO. In order to capture the occurrence of ENSO events and distinguish the type, we considered a new monitoring index group using Nio 3 and Nio 4 indices. Further analysis confirmed that this index group can monitor different types of historical ENSO events with different spatial distribution of sea surface temperature. It has a good performance in determining the characteristics of the ENSO events, including peak intensity, onset,decay, and mature phase.
文摘This paper aims to examine the existence of calendar anomalies including month-of-year effect, turn-of-month effect, and weekend effect in Thai stock market. The stock return is computed from SET index during 1988 to 2009 and the SET50 index gathered since it was created in 1995. The unit root test is performed to ensure that the stock return series have no unit root. The multiple regression techniques using dummy variables are employed to test the difference of the return during each calendar anomalies period. If the regression model suffers from conditional heteroskedasticity, the GARCH （1, 1） model will be used instead of normal ordinary least square regression. It was found that the calendar anomalies exist in Thai stock market. The return is abnormally high during December and January, which can be addressed to be the turn-of-year effect. The return during the turn-of-month period, which can be defined as the last trading day and the first four trading days of the following months, is also abnormally high. Finally, the return is also abnormally high on Fridays but abnormally low on Mondays, which is addressed as weekend effect. This may create the opportunity to make above-average profit to investors exploiting these calendar anomalies. Although these calendar anomalies may be difficult to be exploited in practice because of transaction costs and ability to replicate the stock index, the existing evidence of calendar anomalies can help investors as the clue for the timing of investment.
基金the National Natural Science Foundation of China(No.10671212)the Research Fund for the Doctoral Program of Higher Education(No.20050533036).
文摘For an ergodic continuous-time Markov process with a particular state in its space,the authors provide the necessary and sufficient conditions for exponential and strong ergodicity in terms of the moments of the first hitting time on the state.An application to the queue length process of M/G/1 queue with multiple vacations is given.
