In a wind-vehicle-bridge(WVB) system,there are various interactions among wind,vehicle and bridge.The mechanism for coupling vibration of wind-vehicle-bridge systems is explored to demonstrate the effects of fundament...In a wind-vehicle-bridge(WVB) system,there are various interactions among wind,vehicle and bridge.The mechanism for coupling vibration of wind-vehicle-bridge systems is explored to demonstrate the effects of fundamental factors,such as mean wind,fluctuating wind,buffeting,rail irregularities,light rail vehicle vibration and bridge stiffness.A long cable-stayed bridge which carries light rail traffic is regarded as a numerical example.Firstly,a finite element model is built for the long cable-stayed bridge.The deck can generally be idealized as three-dimensional spine beam while cables are modeled as truss elements.Vehicles are modeled as mass-spring-damper systems.Rail irregularities and wind fluctuation are simulated in time domain by spectrum representation method.Then,aerodynamic loads on vehicle and bridge deck are measured by section model wind tunnel tests.Eight vertical and torsional flutter derivatives of bridge deck are identified by weighting ensemble least-square method.Finally,dynamic responses of the WVB system are analyzed in a series of cases.The results show that the accelerations of the vehicle are excited by the fluctuating wind and the track irregularity to a great extent.The transverse forces of wheel axles mainly depend on the track irregularity.The displacements of the bridge are predominantly determined by the mean wind and restricted by its stiffness.And the accelerations of the bridge are enlarged after adding the fluctuating wind.展开更多
The valuation of cryptocurrencies is important given the increasing significance of this potential asset class.However,most state-of-the-art cryptocurrency valuation methods only focus on one of the fundamental factor...The valuation of cryptocurrencies is important given the increasing significance of this potential asset class.However,most state-of-the-art cryptocurrency valuation methods only focus on one of the fundamental factors or sentiments and use out-of-date data sources.In this study,a robust cryptocurrency valuation method is developed using up-to-date datasets.Using various panel regression models and moving-window regression tests,the impacts of fundamental factors and sentiments in the valuation of cryptocurrencies are explored with data covering from January 1,2009 to April 30,2023.The research shows the importance of sentiments and suggests that the fear and greed index can indicate when to make a cryptocurrency investment,while Google search interest in cryptocurrency is crucial when choosing the appropriate type of cryptocurrency.Moreover,consensus mechanism and initial coin offering have significant effects on cryptocurrencies without stablecoins,while their impacts on cryptocurrencies with stablecoins are insignificant.Other fundamental factors,such as the type of supply and the presence of smart contracts,do not have a significant influence on cryptocurrency.Findings from this study can enhance cryptocurrency marketisation and provide insightful guidance for investors,portfolio managers,and policymakers in assessing the utility level of each cryptocurrency.展开更多
It is of real and direct significance for China to cope with oil price fluctuations and ensure oil security. This paper aims to quantitatively analyze the specific contribution ratios of the complex factors influencin...It is of real and direct significance for China to cope with oil price fluctuations and ensure oil security. This paper aims to quantitatively analyze the specific contribution ratios of the complex factors influencing international crude oil prices and to establish crude oil price models to forecast long-term international crude oil prices. Six explanatory influential variables, namely Dow Jones Indexes, the Organization for Economic Cooperation and Development oil stocks, US rotary rig count, US dollar index, total open interest, which is the total number of outstanding contracts that are held by market participants at the end of each day, and geopolitical instability are specified, and the samples, from January 1990 to August 2017, are divided into six sub-periods. Moreover, the co-integration relationship among variables shows that the contribution ratios of all the variables influencing Brent crude oil prices are in accordance with the corresponding qualitative analysis. Furthermore, from September 2017 to December 2022 outside of the sample, the Vector Autoregressive forecasts show that annually averaged Brent crude oil prices for 2017-2022 would be $53.0, $61.3, $74.4, $90.0, $105.5, and $120.7 per barrel, respectively. The Vector Error Correction forecasts show that annual average Brent crude oil prices for 2017-2022 would be $53.0, $56.5, $58.5, $60.7, $63.0 and $65.4 per barrel, respectively.展开更多
基金Projects (U1334201,51525804) supported by the National Natural Science Foundation of ChinaProject (15CXTD0005) supported by the Sichuan Province Youth Science and Technology Innovation Team,China
文摘In a wind-vehicle-bridge(WVB) system,there are various interactions among wind,vehicle and bridge.The mechanism for coupling vibration of wind-vehicle-bridge systems is explored to demonstrate the effects of fundamental factors,such as mean wind,fluctuating wind,buffeting,rail irregularities,light rail vehicle vibration and bridge stiffness.A long cable-stayed bridge which carries light rail traffic is regarded as a numerical example.Firstly,a finite element model is built for the long cable-stayed bridge.The deck can generally be idealized as three-dimensional spine beam while cables are modeled as truss elements.Vehicles are modeled as mass-spring-damper systems.Rail irregularities and wind fluctuation are simulated in time domain by spectrum representation method.Then,aerodynamic loads on vehicle and bridge deck are measured by section model wind tunnel tests.Eight vertical and torsional flutter derivatives of bridge deck are identified by weighting ensemble least-square method.Finally,dynamic responses of the WVB system are analyzed in a series of cases.The results show that the accelerations of the vehicle are excited by the fluctuating wind and the track irregularity to a great extent.The transverse forces of wheel axles mainly depend on the track irregularity.The displacements of the bridge are predominantly determined by the mean wind and restricted by its stiffness.And the accelerations of the bridge are enlarged after adding the fluctuating wind.
文摘The valuation of cryptocurrencies is important given the increasing significance of this potential asset class.However,most state-of-the-art cryptocurrency valuation methods only focus on one of the fundamental factors or sentiments and use out-of-date data sources.In this study,a robust cryptocurrency valuation method is developed using up-to-date datasets.Using various panel regression models and moving-window regression tests,the impacts of fundamental factors and sentiments in the valuation of cryptocurrencies are explored with data covering from January 1,2009 to April 30,2023.The research shows the importance of sentiments and suggests that the fear and greed index can indicate when to make a cryptocurrency investment,while Google search interest in cryptocurrency is crucial when choosing the appropriate type of cryptocurrency.Moreover,consensus mechanism and initial coin offering have significant effects on cryptocurrencies without stablecoins,while their impacts on cryptocurrencies with stablecoins are insignificant.Other fundamental factors,such as the type of supply and the presence of smart contracts,do not have a significant influence on cryptocurrency.Findings from this study can enhance cryptocurrency marketisation and provide insightful guidance for investors,portfolio managers,and policymakers in assessing the utility level of each cryptocurrency.
基金supported by the National Science Foundation of China(NSFC No.41271551/71201157)the National Key Research and Development Program(2016YFA0602700)
文摘It is of real and direct significance for China to cope with oil price fluctuations and ensure oil security. This paper aims to quantitatively analyze the specific contribution ratios of the complex factors influencing international crude oil prices and to establish crude oil price models to forecast long-term international crude oil prices. Six explanatory influential variables, namely Dow Jones Indexes, the Organization for Economic Cooperation and Development oil stocks, US rotary rig count, US dollar index, total open interest, which is the total number of outstanding contracts that are held by market participants at the end of each day, and geopolitical instability are specified, and the samples, from January 1990 to August 2017, are divided into six sub-periods. Moreover, the co-integration relationship among variables shows that the contribution ratios of all the variables influencing Brent crude oil prices are in accordance with the corresponding qualitative analysis. Furthermore, from September 2017 to December 2022 outside of the sample, the Vector Autoregressive forecasts show that annually averaged Brent crude oil prices for 2017-2022 would be $53.0, $61.3, $74.4, $90.0, $105.5, and $120.7 per barrel, respectively. The Vector Error Correction forecasts show that annual average Brent crude oil prices for 2017-2022 would be $53.0, $56.5, $58.5, $60.7, $63.0 and $65.4 per barrel, respectively.