The growth of farmer's incomes is cIoseIy reIated to rural finance. The research analyzed the dynamic reIationship of rural financial deveIopment, efficiency and farmer's incomes based on VAR modeI, and the resuIts ...The growth of farmer's incomes is cIoseIy reIated to rural finance. The research analyzed the dynamic reIationship of rural financial deveIopment, efficiency and farmer's incomes based on VAR modeI, and the resuIts indicated that the ex-pansion of rural finance wouId stimuIate farmer's incomes in a Iong term, and the growth of rural financial efficiency significantIy improves farmer's incomes in a short term, instead of a Iong term. Hence, it is necessary to introduce more credit funds and social funds to rural areas, deepen rural financial system reform and acceIerate use rate of Ioan capital and enhance guidance for farmers and township enterprises in use of Ioan capitals.展开更多
With Xiangtian Village, Jin'an County as an example, development objec- tive and functional orientation of ecological and leisure agricultural demonstration park were described in detail, based on which a characteris...With Xiangtian Village, Jin'an County as an example, development objec- tive and functional orientation of ecological and leisure agricultural demonstration park were described in detail, based on which a characteristic and promising plan of the park was proposed.展开更多
Frequency-vibrancy pest-killing lamp was used to calculate the numbers and types of scarabs during the growing period of sweet potato in Xuzhou area, thus to study the occurrence regularity of scarab and effect of met...Frequency-vibrancy pest-killing lamp was used to calculate the numbers and types of scarabs during the growing period of sweet potato in Xuzhou area, thus to study the occurrence regularity of scarab and effect of meteorological factor on its occurrence, which provided a reference and guidance for the control of grub in sweet potato field. The monitoring results indicated that scarabs in sweet potato planting area of Xuzhou mainly included Anomala corpulenta, Holotrichia parallela Motschulsky, Maladera verticalis and Holotrichia trichophora Fairm. Holotrichia tri- chophora Fairm has entered into its late stage at the early cultivation stage of sweet potato with a few occurrence quantities. The elongation stage of sweet potato vine is the full incidence period of imagoes of Maladera verticalis and Anomala cor- pulenta. Full incidence period of Holotrichia parallela Motschulsky is from late June to middle August, the outbreak cycle of which is long. The unearthed imagoes fol- low the regular change "many-few-many-few". Effects of meteorological factor on the activities of various scarabs are different. The activities of various scarabs are fre- quent in warm and windless sunny days. In rainy days, Holotrichia parallela Motschulsky, Holotrichia trichophora Fairm and Maladera verticalis are inactive. The numbers of Anomala corpulenta in cloudy days but not rainy days are higher than that in sunny days.展开更多
The fund budget of multipurpose transit smart card systems is studied by stochastic programming to assign limited funds to different applications reasonably. Under the constraints of a gross fund, models of chance-con...The fund budget of multipurpose transit smart card systems is studied by stochastic programming to assign limited funds to different applications reasonably. Under the constraints of a gross fund, models of chance-constrained and dependentchance for the fund budget of multipurpose transit smart card systems are established with application scale and social demand as random variables, respectively aiming to maximize earnings and satisfy the service requirements the furthest; and the genetic algorithm based on stochastic simulation is adopted for model solution. The calculation results show that the fund budget differs greatly with different system objectives which can cause the systems to have distinct expansibilities, and the application scales of some applications may not satisfy user demands with limited funds. The analysis results indicate that the forecast of application scales and application future demands should be done first, and then the system objective is determined according to the system mission, which can help reduce the risks of fund budgets.展开更多
Experiments were performed to study the pitting corrosion morphology of 304 stainless steel exposed to FeCl 3 environments and SEM micrographs of the pitting corrosion morphology were obtained. The image processing te...Experiments were performed to study the pitting corrosion morphology of 304 stainless steel exposed to FeCl 3 environments and SEM micrographs of the pitting corrosion morphology were obtained. The image processing technique combining with the fractal method was employed to analyze these pitting corrosion images and the self-similarity of pits morphology was observed. It indicates that fractal characteristics exist in pitting corrosion of 304 stainless steel. The self-similarity and complexity of the pitting morphology phenomenon were described in terms of fractal dimension which can also be an important parameter related to characterize pitting morphology qualitatively and quantitatively.展开更多
The stock of Bigeye tuna(Thunnus obesus) in the Indian Ocean supports an important international fishery and is considered to be fully exploited. The responsible management agency, the Indian Ocean Tuna Commission(IOT...The stock of Bigeye tuna(Thunnus obesus) in the Indian Ocean supports an important international fishery and is considered to be fully exploited. The responsible management agency, the Indian Ocean Tuna Commission(IOTC), does not have an explicit management decision-making framework in place to prevent over-fishing. In this study, we evaluated three harvest control rules, i) constant fishing mortality(CF), from 0.2 to 0.6, ii) constant catch(CC), from 60000 to 140000 t, and iii) constant escapement(CE), from 0.3 to 0.7. The population dynamics simulated by the operating model was based on the most recent stock assessment using Stock Synthesis version Ⅲ(SS3). Three simulation scenarios(low, medium and high productivity) were designed to cover possible uncertainty in the stock assessment and biological parameters. Performances of three harvest control rules were compared on the basis of three management objectives(over 3, 10 and 25 years): i) the probability of maintaining spawning stock biomass above a level that can sustain maximum sustainable yield(MSY) on average, ii) the probability of achieving average catches between 0.8 MSY and 1.0 MSY, and iii) inter-annual variability in catches. The constant escapement strategy(CE=0.5), constant fishing mortality strategy(F=0.4) and constant catch(CC=80000) were the most rational among the respective management scenarios. It is concluded that the short-term annual catch is suggested at 80000 t, and the potential total allowable catch for a stable yield could be set at 120000 t once the stock had recovered successfully. All the strategies considered in this study to achieve a ‘tolerable' balance between resource conservation and utilization have been based around the management objectives of the IOTC.展开更多
Correlation and path analysis methods were used to study the relationship between soil properties and the distribution of different soil Hg fractions with nine representative soils from Chongqing, China. Results showe...Correlation and path analysis methods were used to study the relationship between soil properties and the distribution of different soil Hg fractions with nine representative soils from Chongqing, China. Results showed that clay (< 2 m) could increase water-soluble Hg (r = 0.700*). Soil organic matter (OM) could enhance the increase of elemental Hg (r = 0.674*). The higher the base saturation percentage (BSP), the more the residual Hg (T = 0.684*). Organic Hg, the sum of acid-soluble organic Hg and alkali-soluble Hg, was positively affected by silt (2-20 μm) but negatively affected by pH, with the direct path coefficients amounting to 1.0487 and 0.5121, respectively. The positive effect of OM and negative effect of BSP on organic Hg were the most significant, with the direct path coefficients being 0.7614 and -0.8527, respectively. The indirect effect of clay (< 2 μm) via BSP (path coefficient = 0.4186) was the highest, showing that the real influencing factor in the effect of clay (< 2 μm) on acid-soluble organic Hg was BSP. Since the available Hg fraction, water-soluble Hg, was positively affected by soil clay content, and the quite immobile and not bioavailable residual Hg by soil BSP, suitable reduction of clay content and increase of BSP would be of much help to reduce the Hg availability and Hg activity in Hg-contaminated soils.展开更多
A fast generation method of fuzzy rules for flux optimization decision-making was proposed in order to extract the linguistic knowledge from numerical data in the process of matter converting. The fuzzy if-then rules ...A fast generation method of fuzzy rules for flux optimization decision-making was proposed in order to extract the linguistic knowledge from numerical data in the process of matter converting. The fuzzy if-then rules with consequent real number were extracted from numerical data, and a linguistic representation method for deriving linguistic rules from fuzzy if-then rules with consequent real numbers was developed. The linguistic representation consisted of The simulat two linguistic variables with the degree of certainty and the storage structure of rule base was described. on results show that the method involves neither the time-consuming iterative learning procedure nor the complicated rule generation mechanisms, and can approximate complex system. The method was applied to determine the flux amount of copper converting furnace in the process of matter converting. The real result shows that the mass fraction of Cu in slag is reduced by 0.5 %.展开更多
Main design parameters of MCC (metallic card clothing) which include front angle, base width, tooth pitch, and tooth point dimensions are discussed to investigate the carding effect of MCC. Experimental results show...Main design parameters of MCC (metallic card clothing) which include front angle, base width, tooth pitch, and tooth point dimensions are discussed to investigate the carding effect of MCC. Experimental results show that type C machine has the best carding effect, which is not ascribed to single factor control but the integrated design optimization and good performance of wire teeth. In comparison with the teeth design, the wire performance is another important factor that influences the perfommnce of modem high efficient production carding machine.展开更多
In order to ensure overall optimization of the underground metal mine production scale, multidisciplinary design optimization model of production scale which covers the subsystem objective function of income of produc...In order to ensure overall optimization of the underground metal mine production scale, multidisciplinary design optimization model of production scale which covers the subsystem objective function of income of production, safety and environmental impact in the underground metal mine was established by using multidisciplinary design optimization method. The coupling effects from various disciplines were fully considered, and adaptive mutative scale chaos immunization optimization algorithm was adopted to solve multidisciplinary design optimization model of underground metal mine production scale. Practical results show that multidisciplinary design optimization on production scale of an underground lead and zinc mine reflect the actual operating conditions more realistically, the production scale is about 1.25 Mt/a (Lead and zinc metal content of 160 000 t/a), the economic life is approximately 14 a, corresponding coefficient of production profits can be increased to 15.13%, safety factor can be increased to 5.4% and environmental impact coefficient can be reduced by 9.52%.展开更多
Due to the information asymmetry on the securities market, Chinese listed companies have incentives to disclose voluntarily. Mandatory disclosure and voluntary disclosure are both included in an effective information ...Due to the information asymmetry on the securities market, Chinese listed companies have incentives to disclose voluntarily. Mandatory disclosure and voluntary disclosure are both included in an effective information disclosure system. Mandatory disclosure is the basic demand of the market, and voluntary disclosure is the extended demand of the market, because of its informative complement to the timing, content and depth of disclosure. With the weakening of seller's market characteristic in China, the voluntary disclosure behavior in the listed companies has been greatly encouraged. This paper provides a statistical description of the status quo of the voluntary disclosure behavior in Chinese listed companies, and claims that the voluntary disclosure strategy guided by the investor relations management should be included in the corporate strategies.展开更多
Financial planning may not meet all the accepted criteria of traditional professions such as divinity and law, it does, however, fit the post-modernist view of professions characterized by the role played by professio...Financial planning may not meet all the accepted criteria of traditional professions such as divinity and law, it does, however, fit the post-modernist view of professions characterized by the role played by professional associations. The hallmark of a profession is the presence of a common body of knowledge and it can be claimed that a theoretical body of knowledge for the "financial planning profession" has always existed, although it has only been in recent times that agreement has been reached on a common understanding of the theoretical basis of the financial planning profession. This common body of knowledge is the basis upon which the Financial Planning Standards Board [FPSB] is attempting to develop a global curriculum as part of the certification process for financial planners. The FPSB has developed a curriculum framework to be applied by its affiliate members to ensure consistency in global education standards. A review of Certified Financial Planner (CFP) certification in Australia, China, India and the United States exposes differences in how this is approached. The Intemational Organization for Standardization [ISO] has also emerged as another forum in which global financial planning education standards have been set. Although the FPSB's global financial planning education standards has a high degree of compatibility with the ISO standard, the ISO standard has largely remained as a shelf reference.展开更多
A fully grouted bolt provides greater shear load capacity for transmitting the load from the rock to the bolt, and vice versa. When grout fills irregularities between the bolt and the rock, a keying effect is created ...A fully grouted bolt provides greater shear load capacity for transmitting the load from the rock to the bolt, and vice versa. When grout fills irregularities between the bolt and the rock, a keying effect is created to transfer the load to the bolt via shear resistance at the interface and within the grout. Previous research has revealed that the mechanical properties of the grout had a great impact on the load transfer capacity of the rock bolting system. This paper presents a method to enhance the rock bolting strength by introducing metal granules into the grouting material. Experimental results suggest that both the average peak load of pullout tests and the total energy absorption of the system will increase if some metal granules are mixed into the resin.展开更多
This paper examines whether and how investors reacted to the pronouncements related to International Accounting Standards (IAS) 19R. Using a sample of 401 European firms reporting pension and retirement expense duri...This paper examines whether and how investors reacted to the pronouncements related to International Accounting Standards (IAS) 19R. Using a sample of 401 European firms reporting pension and retirement expense during the period of 2006-2011, this paper finds negative abnormal returns around the pension project initiation by the International Accounting Standards Board (IASB). More importantly, the abnormal returns are more negative for firms with higher financial leverage and lower ratios of net periodic pension cost to net income, but less negative for firms in countries with weak creditor rights (CR) and infrequent use of the corridor approach under IAS 19. Additionally, the effects of financial leverage and the ratio of net periodic pension cost to net income on the abnormal returns are more pronounced for smaller firms. Overall, the results are consistent with the view that recognition of previously disclosed off-balance-sheet pension liabilities as required by IAS 19R increases debt contracting costs, and highlight the importance of considering firm size and CR in international tests of debt contracting theory.展开更多
The objective of this study is to examine the value relevance of accounting information in explaining stock return. The study uses profitability, liquidity, leverage, market ratio, size and cash flow as proxies of acc...The objective of this study is to examine the value relevance of accounting information in explaining stock return. The study uses profitability, liquidity, leverage, market ratio, size and cash flow as proxies of accounting information. Cumulative abnormal return and market adjusted return are used as stock return variables. The samples of the study are listed companies in manufacturing industries that actively trading between 2003-2006 in Indonesia Stock Market. The study finds that profitability, turnover and market ratio has significant impact to the stock return. The result consistent with previous studies Hobart (2006), Utama and Santoso (1998) and Restraningsih (2007).展开更多
Development of CDOS catalyst for bottoms cracking is based on DOSY zeolite,which is characterized by high metal tolerance.The results of DOSY tests have shown that the catalyst has better activity retention at high me...Development of CDOS catalyst for bottoms cracking is based on DOSY zeolite,which is characterized by high metal tolerance.The results of DOSY tests have shown that the catalyst has better activity retention at high metal content in the feed.The performance of catalyst tested in the bench scale was superior over that of the reference catalyst.The results of catalyst application have shown that the CDOS series catalysts have better bottoms cracking activity,high metal tolerance,excellent dry gas selectivity,and enhanced liquid yield.展开更多
Binuclear transition metal carbonyl clusters serve as the simplest models in understand- ing metal-metal and ligand bonding that are important organometallic chemistry catalysis. Binuclear first row transition metal c...Binuclear transition metal carbonyl clusters serve as the simplest models in understand- ing metal-metal and ligand bonding that are important organometallic chemistry catalysis. Binuclear first row transition metal carbonyl ions are produced via a pulsed laser vaporiza- tion/supersonic expansion cluster ion source in the gas phase. These ions are studied by mass-selected infrared photodissociation spectroscopy in the carbonyl stretching frequency region. Density functional theory calculations have been performed on the geometric struc- tures and vibrational spectra of the carbonyl ions. Their geometric and electronic structures are determined by comparison of the experimental IR spectra with the simulated spectra. The structure and the metM-metal and metal-CO bonding of both saturated and unsaturated homonuclear as well as heteronuclear carbonyl cluster cations and anions are discussed.展开更多
In order to maximize the overall economic gain from a metal mine operation, selection of cutoff grades must consider two important aspects: the time value of money and the spatial variation of the grade distribution i...In order to maximize the overall economic gain from a metal mine operation, selection of cutoff grades must consider two important aspects: the time value of money and the spatial variation of the grade distribution in the deposit. That is, cutoff grade selection must be dynamic with respect to both time and space. A newly developed method that fulfills these requirements is presented. In this method, the deposit or a portion of it under study is divided into "decision units" based on the mining method and sample data. The statistical grade distribution and the grade-tonnage relationship of each decision unit are then computed based on the samples falling in the unit. Each decision unit with its grade-tonnage relationship is considered as a stage in a dynamic programming scheme and the problem is solved by applying a forward dynamic programming based algorithm with an objective function of maximizing the overall net present value (NPV). A software package is developed for the method and applied to an underground copper mine in Africa.展开更多
基金Supported by Hubei Provincial Department of Education Science and Technology Research Project(Q20131207)~~
文摘The growth of farmer's incomes is cIoseIy reIated to rural finance. The research analyzed the dynamic reIationship of rural financial deveIopment, efficiency and farmer's incomes based on VAR modeI, and the resuIts indicated that the ex-pansion of rural finance wouId stimuIate farmer's incomes in a Iong term, and the growth of rural financial efficiency significantIy improves farmer's incomes in a short term, instead of a Iong term. Hence, it is necessary to introduce more credit funds and social funds to rural areas, deepen rural financial system reform and acceIerate use rate of Ioan capital and enhance guidance for farmers and township enterprises in use of Ioan capitals.
文摘With Xiangtian Village, Jin'an County as an example, development objec- tive and functional orientation of ecological and leisure agricultural demonstration park were described in detail, based on which a characteristic and promising plan of the park was proposed.
基金Supported by National 863 Program(2012AA101204))Project for the Construction of Modern Agricultural Industry Technology System(CARS-11)Science and Technology Support Program in Jiangsu(BE2012336 and BE2013437)~~
文摘Frequency-vibrancy pest-killing lamp was used to calculate the numbers and types of scarabs during the growing period of sweet potato in Xuzhou area, thus to study the occurrence regularity of scarab and effect of meteorological factor on its occurrence, which provided a reference and guidance for the control of grub in sweet potato field. The monitoring results indicated that scarabs in sweet potato planting area of Xuzhou mainly included Anomala corpulenta, Holotrichia parallela Motschulsky, Maladera verticalis and Holotrichia trichophora Fairm. Holotrichia tri- chophora Fairm has entered into its late stage at the early cultivation stage of sweet potato with a few occurrence quantities. The elongation stage of sweet potato vine is the full incidence period of imagoes of Maladera verticalis and Anomala cor- pulenta. Full incidence period of Holotrichia parallela Motschulsky is from late June to middle August, the outbreak cycle of which is long. The unearthed imagoes fol- low the regular change "many-few-many-few". Effects of meteorological factor on the activities of various scarabs are different. The activities of various scarabs are fre- quent in warm and windless sunny days. In rainy days, Holotrichia parallela Motschulsky, Holotrichia trichophora Fairm and Maladera verticalis are inactive. The numbers of Anomala corpulenta in cloudy days but not rainy days are higher than that in sunny days.
基金The Key Technology R& D Program of Jiangsu Scienceand Technology Department(No.BE2006010)the Key Technology R& DProgram of Nanjing Science and Technology Bureau(No.200601001)Sci-ence and Technology Research Projects of Nanjing Metro Headquarters(No.8550143007).
文摘The fund budget of multipurpose transit smart card systems is studied by stochastic programming to assign limited funds to different applications reasonably. Under the constraints of a gross fund, models of chance-constrained and dependentchance for the fund budget of multipurpose transit smart card systems are established with application scale and social demand as random variables, respectively aiming to maximize earnings and satisfy the service requirements the furthest; and the genetic algorithm based on stochastic simulation is adopted for model solution. The calculation results show that the fund budget differs greatly with different system objectives which can cause the systems to have distinct expansibilities, and the application scales of some applications may not satisfy user demands with limited funds. The analysis results indicate that the forecast of application scales and application future demands should be done first, and then the system objective is determined according to the system mission, which can help reduce the risks of fund budgets.
文摘Experiments were performed to study the pitting corrosion morphology of 304 stainless steel exposed to FeCl 3 environments and SEM micrographs of the pitting corrosion morphology were obtained. The image processing technique combining with the fractal method was employed to analyze these pitting corrosion images and the self-similarity of pits morphology was observed. It indicates that fractal characteristics exist in pitting corrosion of 304 stainless steel. The self-similarity and complexity of the pitting morphology phenomenon were described in terms of fractal dimension which can also be an important parameter related to characterize pitting morphology qualitatively and quantitatively.
基金supported by Shanghai Ocean University Graduate School (PhD Dissertation Grant)the National High-tech R&D Program of China (863 Program 2012AA 092303)+3 种基金Project of Shanghai Science and Technology Innovation (12231203900)Industrialization Program of National Development and Reform Commission (2159999)National Key Technologies Research, Development Program of China (2013BAD13B00)Shanghai Universities First-Class Disciplines Project (Fisheries A)
文摘The stock of Bigeye tuna(Thunnus obesus) in the Indian Ocean supports an important international fishery and is considered to be fully exploited. The responsible management agency, the Indian Ocean Tuna Commission(IOTC), does not have an explicit management decision-making framework in place to prevent over-fishing. In this study, we evaluated three harvest control rules, i) constant fishing mortality(CF), from 0.2 to 0.6, ii) constant catch(CC), from 60000 to 140000 t, and iii) constant escapement(CE), from 0.3 to 0.7. The population dynamics simulated by the operating model was based on the most recent stock assessment using Stock Synthesis version Ⅲ(SS3). Three simulation scenarios(low, medium and high productivity) were designed to cover possible uncertainty in the stock assessment and biological parameters. Performances of three harvest control rules were compared on the basis of three management objectives(over 3, 10 and 25 years): i) the probability of maintaining spawning stock biomass above a level that can sustain maximum sustainable yield(MSY) on average, ii) the probability of achieving average catches between 0.8 MSY and 1.0 MSY, and iii) inter-annual variability in catches. The constant escapement strategy(CE=0.5), constant fishing mortality strategy(F=0.4) and constant catch(CC=80000) were the most rational among the respective management scenarios. It is concluded that the short-term annual catch is suggested at 80000 t, and the potential total allowable catch for a stable yield could be set at 120000 t once the stock had recovered successfully. All the strategies considered in this study to achieve a ‘tolerable' balance between resource conservation and utilization have been based around the management objectives of the IOTC.
基金the Doctoral Foundation, Education Ministry of China (No. 970601) and the BeijingNatural Science Foundation, China (No. 699000
文摘Correlation and path analysis methods were used to study the relationship between soil properties and the distribution of different soil Hg fractions with nine representative soils from Chongqing, China. Results showed that clay (< 2 m) could increase water-soluble Hg (r = 0.700*). Soil organic matter (OM) could enhance the increase of elemental Hg (r = 0.674*). The higher the base saturation percentage (BSP), the more the residual Hg (T = 0.684*). Organic Hg, the sum of acid-soluble organic Hg and alkali-soluble Hg, was positively affected by silt (2-20 μm) but negatively affected by pH, with the direct path coefficients amounting to 1.0487 and 0.5121, respectively. The positive effect of OM and negative effect of BSP on organic Hg were the most significant, with the direct path coefficients being 0.7614 and -0.8527, respectively. The indirect effect of clay (< 2 μm) via BSP (path coefficient = 0.4186) was the highest, showing that the real influencing factor in the effect of clay (< 2 μm) on acid-soluble organic Hg was BSP. Since the available Hg fraction, water-soluble Hg, was positively affected by soil clay content, and the quite immobile and not bioavailable residual Hg by soil BSP, suitable reduction of clay content and increase of BSP would be of much help to reduce the Hg availability and Hg activity in Hg-contaminated soils.
基金Project(50374079) supported bythe National Natural Science Foundation of China project(2002cB312200) supported bythe State Key Fundamental Research and Development Programof China
文摘A fast generation method of fuzzy rules for flux optimization decision-making was proposed in order to extract the linguistic knowledge from numerical data in the process of matter converting. The fuzzy if-then rules with consequent real number were extracted from numerical data, and a linguistic representation method for deriving linguistic rules from fuzzy if-then rules with consequent real numbers was developed. The linguistic representation consisted of The simulat two linguistic variables with the degree of certainty and the storage structure of rule base was described. on results show that the method involves neither the time-consuming iterative learning procedure nor the complicated rule generation mechanisms, and can approximate complex system. The method was applied to determine the flux amount of copper converting furnace in the process of matter converting. The real result shows that the mass fraction of Cu in slag is reduced by 0.5 %.
文摘Main design parameters of MCC (metallic card clothing) which include front angle, base width, tooth pitch, and tooth point dimensions are discussed to investigate the carding effect of MCC. Experimental results show that type C machine has the best carding effect, which is not ascribed to single factor control but the integrated design optimization and good performance of wire teeth. In comparison with the teeth design, the wire performance is another important factor that influences the perfommnce of modem high efficient production carding machine.
基金Project(2012BAK09B02-05) supported by the National "Twelfth Five-year" Science & Technology Support Plan of China
文摘In order to ensure overall optimization of the underground metal mine production scale, multidisciplinary design optimization model of production scale which covers the subsystem objective function of income of production, safety and environmental impact in the underground metal mine was established by using multidisciplinary design optimization method. The coupling effects from various disciplines were fully considered, and adaptive mutative scale chaos immunization optimization algorithm was adopted to solve multidisciplinary design optimization model of underground metal mine production scale. Practical results show that multidisciplinary design optimization on production scale of an underground lead and zinc mine reflect the actual operating conditions more realistically, the production scale is about 1.25 Mt/a (Lead and zinc metal content of 160 000 t/a), the economic life is approximately 14 a, corresponding coefficient of production profits can be increased to 15.13%, safety factor can be increased to 5.4% and environmental impact coefficient can be reduced by 9.52%.
文摘Due to the information asymmetry on the securities market, Chinese listed companies have incentives to disclose voluntarily. Mandatory disclosure and voluntary disclosure are both included in an effective information disclosure system. Mandatory disclosure is the basic demand of the market, and voluntary disclosure is the extended demand of the market, because of its informative complement to the timing, content and depth of disclosure. With the weakening of seller's market characteristic in China, the voluntary disclosure behavior in the listed companies has been greatly encouraged. This paper provides a statistical description of the status quo of the voluntary disclosure behavior in Chinese listed companies, and claims that the voluntary disclosure strategy guided by the investor relations management should be included in the corporate strategies.
文摘Financial planning may not meet all the accepted criteria of traditional professions such as divinity and law, it does, however, fit the post-modernist view of professions characterized by the role played by professional associations. The hallmark of a profession is the presence of a common body of knowledge and it can be claimed that a theoretical body of knowledge for the "financial planning profession" has always existed, although it has only been in recent times that agreement has been reached on a common understanding of the theoretical basis of the financial planning profession. This common body of knowledge is the basis upon which the Financial Planning Standards Board [FPSB] is attempting to develop a global curriculum as part of the certification process for financial planners. The FPSB has developed a curriculum framework to be applied by its affiliate members to ensure consistency in global education standards. A review of Certified Financial Planner (CFP) certification in Australia, China, India and the United States exposes differences in how this is approached. The Intemational Organization for Standardization [ISO] has also emerged as another forum in which global financial planning education standards have been set. Although the FPSB's global financial planning education standards has a high degree of compatibility with the ISO standard, the ISO standard has largely remained as a shelf reference.
文摘A fully grouted bolt provides greater shear load capacity for transmitting the load from the rock to the bolt, and vice versa. When grout fills irregularities between the bolt and the rock, a keying effect is created to transfer the load to the bolt via shear resistance at the interface and within the grout. Previous research has revealed that the mechanical properties of the grout had a great impact on the load transfer capacity of the rock bolting system. This paper presents a method to enhance the rock bolting strength by introducing metal granules into the grouting material. Experimental results suggest that both the average peak load of pullout tests and the total energy absorption of the system will increase if some metal granules are mixed into the resin.
文摘This paper examines whether and how investors reacted to the pronouncements related to International Accounting Standards (IAS) 19R. Using a sample of 401 European firms reporting pension and retirement expense during the period of 2006-2011, this paper finds negative abnormal returns around the pension project initiation by the International Accounting Standards Board (IASB). More importantly, the abnormal returns are more negative for firms with higher financial leverage and lower ratios of net periodic pension cost to net income, but less negative for firms in countries with weak creditor rights (CR) and infrequent use of the corridor approach under IAS 19. Additionally, the effects of financial leverage and the ratio of net periodic pension cost to net income on the abnormal returns are more pronounced for smaller firms. Overall, the results are consistent with the view that recognition of previously disclosed off-balance-sheet pension liabilities as required by IAS 19R increases debt contracting costs, and highlight the importance of considering firm size and CR in international tests of debt contracting theory.
文摘The objective of this study is to examine the value relevance of accounting information in explaining stock return. The study uses profitability, liquidity, leverage, market ratio, size and cash flow as proxies of accounting information. Cumulative abnormal return and market adjusted return are used as stock return variables. The samples of the study are listed companies in manufacturing industries that actively trading between 2003-2006 in Indonesia Stock Market. The study finds that profitability, turnover and market ratio has significant impact to the stock return. The result consistent with previous studies Hobart (2006), Utama and Santoso (1998) and Restraningsih (2007).
基金support provided by the Sinopec Corporation (Contact number: 105111)
文摘Development of CDOS catalyst for bottoms cracking is based on DOSY zeolite,which is characterized by high metal tolerance.The results of DOSY tests have shown that the catalyst has better activity retention at high metal content in the feed.The performance of catalyst tested in the bench scale was superior over that of the reference catalyst.The results of catalyst application have shown that the CDOS series catalysts have better bottoms cracking activity,high metal tolerance,excellent dry gas selectivity,and enhanced liquid yield.
基金supported by the National Natural Science Foundation of China(No.21688102,No.21573047and No.21273045)
文摘Binuclear transition metal carbonyl clusters serve as the simplest models in understand- ing metal-metal and ligand bonding that are important organometallic chemistry catalysis. Binuclear first row transition metal carbonyl ions are produced via a pulsed laser vaporiza- tion/supersonic expansion cluster ion source in the gas phase. These ions are studied by mass-selected infrared photodissociation spectroscopy in the carbonyl stretching frequency region. Density functional theory calculations have been performed on the geometric struc- tures and vibrational spectra of the carbonyl ions. Their geometric and electronic structures are determined by comparison of the experimental IR spectra with the simulated spectra. The structure and the metM-metal and metal-CO bonding of both saturated and unsaturated homonuclear as well as heteronuclear carbonyl cluster cations and anions are discussed.
基金Project(50974041) supported by the National Natural Science Foundation of China Project(20090450112) supported by the Postdoctoral Foundation of ChinaProject(20093910) supported by the Natural Science Foundation of Liaoning Province, China
文摘In order to maximize the overall economic gain from a metal mine operation, selection of cutoff grades must consider two important aspects: the time value of money and the spatial variation of the grade distribution in the deposit. That is, cutoff grade selection must be dynamic with respect to both time and space. A newly developed method that fulfills these requirements is presented. In this method, the deposit or a portion of it under study is divided into "decision units" based on the mining method and sample data. The statistical grade distribution and the grade-tonnage relationship of each decision unit are then computed based on the samples falling in the unit. Each decision unit with its grade-tonnage relationship is considered as a stage in a dynamic programming scheme and the problem is solved by applying a forward dynamic programming based algorithm with an objective function of maximizing the overall net present value (NPV). A software package is developed for the method and applied to an underground copper mine in Africa.