广西上市公司股权再融资的历程、绩效与改进

股权再融资能力及用资效率是上市公司资本市场前景和后续发展潜力的重要体现。在1993-2012年长达20年广西上市公司股权再融资的发展历程中,无论按行业或年份划分,其总体上表现为一个以2007年为分界点先急剧下降而后迅速回升的波动性基本势态。通过对此发展历程的统计分析,本文总结提炼了广西上市公司股权再融资的整体特征和影响因素,探讨了不同融资方式对公司业绩的影响,并从政府和上市公司两个层面提出了基于"十三五"规划视角的改进措施。

Effects of Different Water Stresses on Eco-physiological Characteristics of Hippophae rhamnoides Seedlings

In order to examine the effects of the decrease of future precipitation on the eco-physiological characteristics of sea buckthorn (Hippophae rhamnoides Linn.) in Huangfuchuan Watershed in Nei Mongol, a water gradient experiment was conducted based on the four specially designed water supply levels, including normal precipitation, slight drought, drought and extreme drought. Results of ANOVE showed that different water gradients had a significant effect on (1) microhabitat factors, such as soil water content and soil temperature; (2) gas exchange, such as net photosynthetic rate, stomatal conductance and transpiration rate; (3) resource use efficiency; and (4) leaf water potential. Water use efficiency of H rhamnoides could increase under moderate water stress, i.e. drought condition, while its net photosynthetic rate and transpiration rate decreased. All kinds of eco-physiological characteristics proved H. rhamnoides seedlings under all water supplies were affected by water stress more or less and that mechanism of intrinsic physiological regulation in seedlings under the extreme drought conditions had the appearance of turbulence to a certain extent. Therefore, H rhamnoides seedlings in Huangfuchuan Watershed could not acclimate to extreme drought conditions.

Estimating regional coal resource efficiency in China using three-stage DEA and bootstrap DEA models

Based on three-stage data envelopment analysis(DEA) model estimates of resource utilization efficiency of coal,we selected 29 provinces from China's 2012 input-output data and used the bootstrap DEA model to correct the bias.The results show that the mean overall technical efficiency,pure technical efficiency,and scale efficiency was 0.833,0.998,and 0.711 in 2012,respectively.Moreover,the comprehensive technical efficiency score indicates that the scale is invalid.Area utilization efficiencies for the eastern,central,and western regions were 0.917,0.731,and 0.629,respectively.The results prove that there are significant differences in the distribution of coal resources utilization efficiency across regions.

Study on Intermittent Irrigation for Paddy Rice: I. Water Use Efficiency

A field experiment was conducted in a well-puddled paddy field developed on the Tama River alluvial soil in the Farm of Tokyo University of Agriculture and Technology, Japan, to study the effect of intermittent irrigation on water use efficiency of paddy rice. Four treatments were arranged with 2 replicates: continuous flooding irrigation treatments (CFI), and three intermittent irrigation treatments Ⅱ-0, Ⅱ-1 and Ⅱ-2, in which plants were re-irrigated when the soil water potential fell below 0, -10, and -20 kPa, respectively, at soil depth of about 5 cm. Water consumption was lower in treatment Ⅱ-0 than in treatment CFI because the percolation rate was reduced by the reduction in the hydraulic head of ponded water. Intermittent irrigation led to soil repeated shrinking and swelling in Ⅱ-1 and Ⅱ-2 plots and, therefore, soil cracks developed rapidly. Since they became the major routes of water percolation, the soil cracks increased water consumption in treatments Ⅱ-1 and Ⅱ-2. There were no significant differences in dry matter production and grain yields between treatment Ⅱ-0 and treatment CFI, but the dry matter production and grain yields in treatments Ⅱ-0 and CFI were significantly higher than those in treatments Ⅱ-1 and Ⅱ-2. Therefore, the water use efficiency in the treatments was in the order of Ⅱ-0 > CFI > Ⅱ- 2 > Ⅱ- 1.

Urban Water Resource Utilization Efficiency in China

The efficient use of water resources directly affects environmental, social, and economic development; therefore, it has a significant impact on urban populations. A slacks-based measure for data envelopment analysis （SBM-DEA） has been widely used in energy efficiency and environmental efficiency analyses in recent years. Based on this model, data from 316 cities were examined and a category method was employed involving three different sorting techniques to empirically evaluate the efficiency of urban water re- source utilization in China between 2000 and 2012. The overall efficiency （OE） of urban water resource utilization in China was initially low, but has improved over the past decade. The scale efficiency （SE） was higher than the pure technological efficiency （PTE）; PTE is a major determining factor of OE, and has had an increasingly significant effect. The efficiency of water resource utilization varied ac- cording to the region, urban scale, and economic function. The OE score for the eastern China was higher than for the rest of the region, and the OE score for the western China was higher than for the central China. The OE score for urban water resource utilization has improved with urban expansion, except in the case of small cities. The SE showed an inverted U-shaped＇ trend with increasing urban expansion. The OE of urban water utilization in comprehensive functional cities was greater than in economic specialization cities, and was greater in heavy industry specialization cities than in other specialization cities. This study contributes to the field of urban water resource management by examining variations in efficiency with urban ~ezle

Non-equilibrium State Salt-forming Phase Diagram：Utilization of Bittern Resource in High Efficiency

Salt-forming regions for a complex salt-water system in non-equilibrium state of evaporation process are usually different from those in solubility diagrams.To understand the solid-forming region of NaCl and improve the utilization of bittern resources,experiments were carried out to evaporate 20 representative mixture solution samples of Na ^＋,Mg ^2＋ //Cl^-, SO4^2--H2O system with an average evaporation intensity of（1.4±0.4） g·L^-1 ·min^-1（water） at boiling temperature 348 K,and determine the NaCl solid-forming regions in non-equilibrium state.Because of the complexity of salt-forming region,a maximal region and a minimal region were proposed to express the non-equilibrium state salt-forming region with different crystal seed,and a conditional salt-forming region was proposed to present the characteristic region of non-equilibrium salt-forming phase diagram.The areas of the maximal and minimal regions are 2.00 and 1.56 times those in solubility diagram,so it is possible to utilize bittern resources in high efficiency.The recovery rates of NaCl were 99.65%,93.14%,88.57%,72.76%,and 83.68%for six typical bittern sources from Tulantai Salt Lake（China）,Dongtai Salt Lake（China） ,Jilantai Salt Lake（China）,Qarun Salt Lake（Egypt） and seawater,respectively.It is testified that the non-equilibrium state salt-forming phase diagram can be used in industrial processes.

Fog Computing Dynamic Load Balancing Mechanism Based on Graph Repartitioning

Because of cloud computing's high degree of polymerization calculation mode, it can't give full play to the resources of the edge device such as computing, storage, etc. Fog computing can improve the resource utilization efficiency of the edge device, and solve the problem about service computing of the delay-sensitive applications. This paper researches on the framework of the fog computing, and adopts Cloud Atomization Technology to turn physical nodes in different levels into virtual machine nodes. On this basis, this paper uses the graph partitioning theory to build the fog computing's load balancing algorithm based on dynamic graph partitioning. The simulation results show that the framework of the fog computing after Cloud Atomization can build the system network flexibly, and dynamic load balancing mechanism can effectively configure system resources as well as reducing the consumption of node migration brought by system changes.

Efficient Task Scheduling for Many Task Computing with Resource Attribute Selection

Many Task Computing(MTC)is a new class of computing paradigm in which the aggregate number of tasks,quantity of computing,and volumes of data may be extremely large.With the advent of Cloud computing and big data era,scheduling and executing large-scale computing tasks efficiently and allocating resources to tasks reasonably are becoming a quite challenging problem.To improve both task execution and resource utilization efficiency,we present a task scheduling algorithm with resource attribute selection,which can select the optimal node to execute a task according to its resource requirements and the fitness between the resource node and the task.Experiment results show that there is significant improvement in execution throughput and resource utilization compared with the other three algorithms and four scheduling frameworks.In the scheduling algorithm comparison,the throughput is 77%higher than Min-Min algorithm and the resource utilization can reach 91%.In the scheduling framework comparison,the throughput(with work-stealing)is at least 30%higher than the other frameworks and the resource utilization reaches 94%.The scheduling algorithm can make a good model for practical MTC applications.

A study on tourism development model with dynamic mechanism of circular economy

With the social and economic development,conflict among the shortage of resources,environmental destruction and economic development is ever more pronounced.In this context,the circular economy was gradually accepted.Guided by sustainable development concept and promoted by six external forces,tourism circular economy take tourism micro-cycle model as the core,implement in corporate and social levels,improve resource utilization efficiency,reduce tourism's adverse impacts on the surrounding environment through recycling,reducing and reusing resources,achieve economic,social and environmental development of the organic unity.

Virtual Machine Scheduling for Improving Energy Efficiency in laaS Cloud

In IaaS Cloud,different mapping relationships between virtual machines(VMs) and physical machines(PMs) cause different resource utilization,so how to place VMs on PMs to reduce energy consumption is becoming one of the major concerns for cloud providers.The existing VM scheduling schemes propose optimize PMs or network resources utilization,but few of them attempt to improve the energy efficiency of these two kinds of resources simultaneously.This paper proposes a VM scheduling scheme meeting multiple resource constraints,such as the physical server size(CPU,memory,storage,bandwidth,etc.) and network link capacity to reduce both the numbers of active PMs and network elements so as to finally reduce energy consumption.Since VM scheduling problem is abstracted as a combination of bin packing problem and quadratic assignment problem,which is also known as a classic combinatorial optimization and NP-hard problem.Accordingly,we design a twostage heuristic algorithm to solve the issue,and the simulations show that our solution outperforms the existing PM- or network-only optimization solutions.

Service Model Transformation of the Standards Library in the Network Environment

In the network environment, changes of resources structure, information technology and users requirements of standards library cause series of problems such as unobvious effect of services, low efficiency of resource utilization, poor innovation ability, etc. And we point out the problems and challenges faced by traditional standards library in the network environment. The standards library must redesign the organization structure and business process radically so that standards library could improve the service model, enhance the service quality and utilization rate of various document resources.

Photosynthetic Carbon Gain, Allocation and Resources-Use Efficiency in Invasive Eupatorium Adenophorum and Its Native Congener E. Japonicum under Different Light and Nutrient Conditions

Invasion is often facilitated by high resources availabilities and suppressed under low resources habitats. However, a number of invasive plants can successfully establish and dominate in resource-poor and （or） the understory of closed forests, indicating the plant＇s performances are habitats-dependent and species-specific. It is therefore necessary to explore the ecophysiological characteristics associated invasiveness for one invasive species across multiple resources availabilities whilst taking the relatedness into these comparative studies. In this study, invasive Eupitorium adenophorum and its native congener E. japonicum grew under different resource gradients in terms of light levels and soil nitrogen additions to identify the functional significance morphological and physiological traits associated closely with invasion and to examine their comparative responses. Photosynthetic carbon gain, biomass allocation and resource-use efficiency are evaluated in this pot experiment. Across treatments, E. adenophorum exhibited consistently higher values for most of the morphological variables including plant stature, relative growth rate （RGR）, leaf root ratio （LRR）, leaf area ratio （LAR）, total leaf area, and lower root： shoot ratio （RSR）. Significantly higher Pmax corresponded with higher photosynthetic nitrogen use efficiency （PNUE） and photosynthetic energy use efficiency （PEUE） especially in low light and （or） unfertile condition. Higher Gs and Pmax but lower photosynthetic water use efficiency （WUE） indicated the trade-off relationship between WUE and PNUE for E. adenophorum. Final biomasses were higher for E. adenophorum in nutrient and（or） light limited conditions, in which higher leaf construction cost（CC） compared with E. japonicum could be over-compensated by its significantly higher assimilation rates. The effects of light levels on these plant attributes were stronger than soil nutrient contents. The responses of these two congeneric species to light and nitrogen availabilities were similar, but the differences were magnified in resources limited conditions, indicating the better performancer at acquiring and at using limited resources of E. adenophorum over its co-occurring native flora. Our study presented the distinctive advantages of E. adenophorum in resources-poor environments, indicating conventional strategy of managing resources levels to control the invasion and expending of exotic species may not be as effective as expected.

Energy Efficiency-Based Decision Making in Cognitive Radio Networks

As a constraint for smart devices,energy consumption has attract people's attention for a long time period. How to get higher resource utilization with less energy consumption is a challenge for cognitive radio networks. Secondary users have to participate in spectrum sensing at the cost of energy and access idle spectrum without interfering primary users. However,not all participating secondary users can access idle spectrum. How to ensure the participation users access spectrum efficiently with a larger probability is an urgent problem to be solved. We propose an Energy Efficiency-based Decision Making(EEDM) for cognitive radio networks,which fully considers residual energy and probability of obtaining spectrum resources. Simulation and analysis show that the proposed scheme can maximize proportion of allocated users under the premise of ensuring the accuracy of spectrum sensing,then balance users' energy consumption and access efficiency,so as to effectively improve the utilization of spectrum resources.

Assessment of Resource-Use Efficiency in Irrigated Rice Production in Dadinkowa, Gombe State, Nigeria

The study examined the levels of resource-use efficiency of rice farmers unde,r irrigation method in Dadinkowa, Gombe state of Nigeria. Using questionnaire, data were collected during the year 2010 irrigation season from 120 randomly sampled rice irrigators and the data were analyzed using multiple regression and marginal analyses. Results showed that significant factors influencing irrigated rice production were labour （P 〈 0.001）, land and fertilizer （P 〈 0.01）. In addition, the coefficient of determination （R2）, the F-ratio and the standard error of the mean （S） were found to be 0.471, 16.37＊＊＊ and 8.908, respectively. The results also indicated that efficiency values of land, seeds, fertilizer and labour were 1.234, 0.498, 2.352 and 1.620, respectively. Finally, it was found that resource-use among the farmers were not efficient thus equipment, land, fertilizer and labour inputs shall be increased by 78.3%, 18.9%, 57.5% and 38.3%, respectively, while seed input shall be reduced by 50.2% for the farmers to attain optimal resource utilization.

Anaerobic Digestion in the Nexus of Energy, Water and Food

Conventional waste management practices focusing principally on waste collection, treatment and disposal or even minimisation often prove insufficient to address resource management challenges in a sustainable manner. Taking into account the relationship between water provision, energy security and resource efficiency, a systems approach that delivers a strong information basis and provides opportunities for resource use optimisation at various levels of application provides opportunities for synergies that could deliver real benefits when cross-sectoral solutions are applied. By-products from sewage treatment in combination with organic solid waste such as food waste can provide a valuable source of energy if managed properly and utilised effectively. This way, waste can be seen as a raw material than can be turned into a resource rather than simply be discarded. As such, AD （anaerobic digestion）, the co-digestion of food waste with sewage sludge, could become a strategic and cross-sectoral solution, if carefully applied, with the potential to convey beneficial synergies for the water and the waste industries. However, barriers to the development of such systems are diverse and often interlinked. Institutional frameworks, decision making constraints, and regulatory boundaries might still appear to require an answer for three different problems, but this can be overcome if presented as just three different parts of the same answer. Such synergies could deliver economic benefits from the additional renewable energy generated and its associated incentives, and savings on costs for the infrastructure required for the exclusive digestion of food waste.

Nordic Steel Bridges--Trends and Development

The development of steel bridges has been very strong for many years implementing composite structures, higher steel grades and hybrid girders, thus improving cost efficiency in bridge superstructures. As construction moves more towards inner city, there is need for even more improvement. As global resources as scarce, and society in general expect more value for same money. With Constructional Excellence--a well defined process from steel mill to installed bridge which includes design management, new foundation solutions, the best practice of current steel bridges and intelligent installation put together in robust system solutions. This paper will show resource efficiency in three dimensions, money, time and less traffic disturbance.

Control strategies and hardware-in-the-loop simulation for bus signal priority

It is considered as an important and effective means to give priority to the development of public transit which can improve the efficiency of transportation resources utilization and alleviate traffic jams. Public transit signal priority belongs to the "time priority" among the right-of-way priorities. After reviewing the existing bus priority signal control strategies and the advances in related technologies at home and abroad, this article analyzed the breakthrough direction of the bus signal priority design technologies suitable for China's conditions, and then proposed the hardware and software systems and the modules for the bus priority signal control system. Finally, the hardware-in-the-loop simulation (HILS) was introduced to evaluate bus priority signal control programs in order to optimize the control strategies.

Research on logistics management system based on supply chain management

Generally, supply chain logistics is the unification of logistics, information flow and capital flow, logistics runs through the whole process of the supply chain. Logistics connects the individual enterprise in the supply chain and it is the bond of mutual cooperation between enterprises. In that way, the logistics management becomes an important part of the supply chain management system naturally. However, it is not so long since the theory of supply chain management and logistics management put forward so they are still being refined. Besides, it is lack of green philosophy in the logistics management of the supply chain and effect of logistics on the environment and resource efficiency do not be considered synthetically. Yet, methods to solve the problem that customers return items and waste materials have been excluded from the enterprises and business strategy. With the awareness that people should protect the environment and conserve resources enhanced and governments increase the intensity of environmental regulations constraints, the theory and practice of green logistics management are valued by the foreign supply chain management and logistics management theory community and the business community gradually.

Labor Quality, Labor Utilization Efficiency and Economic Development： Regional Discrepancies and Solutions＊

This paper presents the results of our experiments to assess average labor quality and labor force utilization in different regions of China using slack-based inefficiency measurement （SBI）. We found that there is a discrepancy between different regions＇ labor resources and their stages＇ of economic development. In central and western regions, the average quality of labor is significantly higher than in eastern regions, but labor force utilization is less efficient. Slow in economic growth and laggard in industrial upgrading, central and western regions have failed to provide their high-quality labor forces with adequate and suitable job opportunities, leading to the discrepancy between labor resource quality and economic development. Resolving this discrepancy might help coordinate economic development across different regions in China.

Water Use and Growth in Three Populations of Red Cedar （Cedrela odorata L.） and Associated Crops in Mexico

The association between the growth and water-use efficiency in three populations of C. odorata in Veracruz Mexico （La Antigua, Misantla and Catemaco） from two agroforestry system sites was studied, one in association with corn and another with pipiain. TRP （transpiration）, gs （stomatal conductivity）, CO2A （CO2 assimilation）, WUE （water use efficiency）, height, coverage and stem diameter were measured. The populafon of La Antigua associated with pipian presented the highest WUE （7.13 μmol CO2 m2-sl/mmol H20 m2.sl）, while the population of Catemaco reached high values （10 μmol CO2 m2 sl/mmol H20 m2-s1） in the site associated with corn, the populations established with corn presented a great growth in height and stem diameter. Based on the physiological responses and growth of the studied populations, the towns of La Antigua and Catemaco may be recommended for the establishment of commercial plantations.