Exploring the Relationship Between Patent Forward Citation and Stock Return Rate Using Empirical Data of China Stock Market

A novel indicator called price-citation was proposed.Based on the company integrated patent database of China listed companies of common stocks(A-shares)with the stock price and the stock return rate data,more than two thousand of A-shares from 2017 to 2020 were selected.The effect of the traditional patent forward citation and the price-citation for discriminating the stock return rate was thoroughly analyzed via ANOVA.The A-shares of forward citation counts above the average showed higher stock return rate means than the A-shares having patents but receiving no forward citations.The price-citation,combining both the financial and patent attributes,defined as the multiplication of the current stock price and the currently receiving forward citation count,showed its excellence in discriminating the stock return rate.The A-shares of higher price-citation showed significantly higher stock return rate means while the A-shares of lower price-citation showed significantly lowest stock return rate means.The price-citation effect had not been changed by COVID-19 though COVID-19 affected the social and economic environment to a considerable extent in 2020.

Exploiting Virtual Elasticity of Manufacturing Systems to Respect OTD—Part 2: Post-Optimality Conditions for the Cases of Ergodic and Non-Ergodic Order Rate with Deterministic Product-Mix

Respecting the on-time delivery (OTD) for manufacturing orders is mandatory. However, for non-JIT Batch & Queue Push-manufacturing systems, the compliance of OTD is not intrinsically guaranteed. As an OTD related manufacturing theory is largely missing it is crucial to understand and formalize the necessary conditions of OTD compliance for complex production environments for maximum exploitation of the production capacity. This paper evaluates the conditions of post-optimality while being OTD compliant for production systems, which are characterized by stochastic order rate and a deterministic product-mix. Instead of applying discrete event simulation to explore the real case-by-case order scheduling optimization for OTD compliance, a Cartesian approach is followed. This enables to define theoretically the solution space of order backlog for OTD, which contributes to developing further manufacturing theory. At the base stands the recently defined new concept of virtual manufacturing elasticity by reducing lead-time to increase virtually production capacity. The result has led to defining additional two corollaries to the OTD theorem, which sets up basic OTD theory. Apart from defining the post-optimal requirements to guarantee for orders at least a weak solution for OTD compliance, this paper reveals that for a deterministic product-mix a non-ergodic order arrival rate can be rescheduled into an ergodic order input rate to the shopfloor if the virtual elasticity T is large enough, hence the importance of having fast and flexible production lines.

ON CRACK-TIP STRAIA ENERGY RELEASE RATE IN NON-PRINCIPAL DIRECTIONS OF ELASTICITY FOR SIMPLE LAYER PLATE OF COMPOSITE MATERIALS

In this paper,the fracture problem in non-principal directions of elasticity for a simple layer plate of linear-elastic orthotropic composite materials is studied.The formulae of transformation between characteristic roots,coefficients of elastic compliances in non-principal directions of elasticity and corresponding parameters in principal directions of elasticity are derived.Then,the computing formulae of strain energy release rate under skew-symmetric loading in terms of engineering parameters for principal directions of elasticity are obtained by substituting crack-tip stresses and displacements into the basic formula of the strain energy release rate.

Clinical observation on prognosis of mixed hemorrhoids treated with polidocanol injection combined with automatic elastic thread ligation operation

BACKGROUND A total of 100 patients diagnosed with mixed hemorrhoids from October 2022 to September 2023 in our hospital were randomly divided into groups by dice rolling and compared with the efficacy of different treatment options.AIM To analyze the clinical effect and prognosis of mixed hemorrhoids treated with polidocanol injection combined with automatic elastic thread ligation operation(RPH).METHODS A total of 100 patients with mixed hemorrhoids who visited our hospital from October 2022 to September 2023 were selected and randomly divided into the control group(n=50)and the treatment group(n=50)by rolling the dice.The procedure for prolapse and hemorrhoids(PPH)was adopted in the control group,while polidocanol foam injection+RPH was adopted in the treatment group.The therapeutic effects,operation time,wound healing time,hospital stay,pain situation(24 hours post-operative pain score,first defecation pain score),quality of life(QOL),incidence of complications(post-operative hemorrhage,edema,infection),incidence of anal stenosis 3 months post-operatively and recurrence rate 1 year post-operatively of the two groups were compared.RESULTS Compared with the control group,the total effective rate of treatment group was higher,and the difference was significant(P<0.05).The operation time/wound healing time/hospital stay in the treatment group were shorter than those in the control group(P<0.05).The pain scores at 24 hours after operation/first defecation pain score of the treatment group was significantly lower than those in the control group(P<0.05).After surgery,the QOL scores of the two groups decreased,with the treatment group having higher scores than that of the control group(P<0.05).Compared with the control group,the incidence of postoperative complications in the treatment group was lower,and the difference was significant(P<0.05);However,there was no significant difference in the incidence of postoperative bleeding between the two groups(P>0.05);There was no significant difference in the incidence of anal stenosis 3 months after operation and the recurrence rate 1 year after operation between the two groups(P>0.05).CONCLUSION For patients with mixed hemorrhoids,the therapeutic effect achieved by using polidocanol injection combined with RPH was better.The wounds of the patients healed faster,the postoperative pain was milder,QOL improved,and the incidence of complications was lower,and the short-term and long-term prognosis was good.

Anti-Plane Elasticity Problem and Mode Ⅲ Crack Problem of Cubic Quasicrystal

The fracture theory of cubic quasicrystal was developed. The exact analytic solution of a Mode Ⅲ Griffith crack in the material was obtained by using the Fourier transform and dual integral equations theory, and so the displacement and stress fields, the stress intensity factor and strain energy release rate were determined. The results show that the stress intensity factor is independent of material constants, and the strain energy release rate is dependent on all material constants. These provide important information for studying the deformation and fracture of the new solid material.

Influence of backfilling rate on the stability of the"backfilling bodyimmediate roof"cooperative bearing structure

To reduce the cost of backfilling coal mining and utilize the underground space of coal mines,a new backfilling mining method with low backfilling rate called constructional backfilling coal mining(CBCM)is proposed.The "backfilling body-immediate roof" cooperative bearing structure of CBCM is analyzed by establishing the model of the medium thick plate on an elastic foundation.The influence of the backfilling rate on the stability of overlying strata is analyzed by the numerical simulation experiment.The control effect of CBCM is verified by a physic similar simulation test.The economic benefit of CBCM is analyzed.The conclusions are:the deformation characteristics of the immediate roof and critical backfilling spacing in CBCM can be analyzed based on the Hu Haichang’s theory.Exerting the bearing capacity of the immediate roof is beneficial to the stability of the overlying strata.The CBCM has a good control effect on the overburden in Xinyang Mine when the backfilling rate is lower than 25%.The backfilling cost of per ton coal is 37.39 yuan/t when the backfilling rate is 13.7%,with a decrease rate of 56.63%than the full-filling.The research results can provide theoretical support for the application of CBCM in coal mining.

Molecular dynamics analysis on bending mechanical behavior of alumina nanowires at different loading rates

The molecular dynamics(MD)model ofα-Al_(2)O_(3) nanowires in bending is established by using LAMMPS to calculate the atomic stress and strain at different loading rates in order to study the effect of loading rate on the bending mechanical behaviors of theα-Al_(2)O_(3) nanowires.Research results show that the maximum surface stress−rotation angle curves ofα-Al_(2)O_(3) nanowires at different loading rates are all divided into three stages of elastic deformation,plastic deformation and failure,where the elastic limit point can be determined by the curve symmetry during loading and unloading cycle.The loading rate has great influence on the plastic deformation but little on the elastic modulus ofα-Al_(2)O_(3) nanowires.When the loading rate is increased,the plastic deformation stage is shortened and the material is easier to fail in brittle fracture.Therefore,the elastic limit and the strength limit(determined by the direct and indirect MD simulation methods)are closer to each other.The MD simulation result ofα-Al_(2)O_(3) nanowires is verified to be valid by the good agreement with the improved loop test results.The direct MD method becomes an effective way to determine the elastic limit and the strength limit of nanoscale whiskers failed in brittle or ductile fracture at arbitrary loading rate.

Numerical Derivation of Strain Rate Effects on Material Properties of Masonry with Solid Clay Bricks

In this paper, numerical method is used als. A typical unit of masonry is selected to serve merical model of RVE is established with detailed to study the strain rate effect on masonry materias a representative volume element （RVE）. Nudistinctive modeling of brick and mortar with their respective dynamic material properties obtained from laboratory tests. The behavior of brick and mortar are characterized by a dynamic damage model that accounts for rate-sensitive and pressuredependent properties of masonry materials. Dynamic loads of different loading rates are applied to RVE. The equivalent homogenized uniaxial compressive strength, threshold strain and elastic modulus in three directions of the masonry are derived from the simulated responses of the RVE. The strain rate effect on the masonry material with clay brick and mortar, such as the dynamic increase factor （DIF） of the ultimate strength and elastic modulus as a function of strain rate are derived from the numerical results.

Exploiting Virtual Elasticity of Production Systems for Respecting OTD-Part 1: Post-Optimality Conditions for Ergodic Order Arrivals in Fixed Capacity Regimes

Respecting the on-time-delivery (OTD) for manufacturing orders is mandatory. This depends, however, on the probability distribution of incoming order rate. The case of non-equal distribution, such as aggregated arrivals, may compromise the observance of on-time supplies for some orders. The purpose of this paper is to evaluate the conditions of post-optimality for stochastic order rate governed production systems in order to observe OTD. Instead of a heuristic or a simulative exploration, a Cartesian-based approach is applied to developing the necessary and sufficient mathematical condition to solve the problem statement. The research result demonstrates that increasing speed of throughput reveals a latent capacity, which allows arrival orders above capacity limits to be backlog-buffered and rescheduled for OTD, exploiting the virtual manufacturing elasticity inherent to all production systems to increase OTD reliability of non JIT-based production systems.

Precise calculation of average strain and average strain rate considering roll elastic flattening

Considering roll elastic flattening, new equations were proposed to calculate the average strain ε and average strain rate ε- in the hot strip rolling process. By comparing the proposed equations with currently used equations ,it was observed that the strain rate of thick strip and strain are not sensitive to roll elastic flattening. However,for thin strip, a noticeable calculated difference in the strain rate occurred when roll elastic flattening was considered.

Effective Return Rate Prediction of Blockchain Financial Products Using Machine Learning

In recent times,financial globalization has drastically increased in different ways to improve the quality of services with advanced resources.The successful applications of bitcoin Blockchain(BC)techniques enable the stockholders to worry about the return and risk of financial products.The stockholders focused on the prediction of return rate and risk rate of financial products.Therefore,an automatic return rate bitcoin prediction model becomes essential for BC financial products.The newly designed machine learning(ML)and deep learning(DL)approaches pave the way for return rate predictive method.This study introduces a novel Jellyfish search optimization based extreme learning machine with autoencoder(JSO-ELMAE)for return rate prediction of BC financial products.The presented JSO-ELMAE model designs a new ELMAE model for predicting the return rate of financial products.Besides,the JSO algorithm is exploited to tune the parameters related to the ELMAE model which in turn boosts the classification results.The application of JSO technique assists in optimal parameter adjustment of the ELMAE model to predict the bitcoin return rates.The experimental validation of the JSO-ELMAE model was executed and the outcomes are inspected in many aspects.The experimental values demonstrated the enhanced performance of the JSO-ELMAE model over recent state of art approaches with minimal RMSE of 0.1562.

Optimization of Pension Asset Portfolio in Nigeria with Contributors’ Specified Return Rate

This work focuses on the optimization of investment contributions of pension asset with a view to improving contributors’ participation in achieving better return on investment (RoI) of their funds. We viewed some new regulations on Nigeria’s Contributory Pension Scheme” (CPS) from amended legislation of 2014, some of which are yet to be implemented when their regulations are approved. A mathematical model involving 5 variables, 5 inequality constraints covering regulatory limitations and limitation on scarce resource known as Asset Under Management (AUM), suggested and mathematically shown to be possible through “maximization of return irrespective of risk” while obeying all regulatory controls as our constraints optimized. Optimized portfolio using MatLab shows that the portfolio representing AES 2013 portfolio with a deficit growth of 15.75 m representing 3.27% less than the portfolio’s full growth potential within defined assumptions would have been averted if contributors actually set their targets and investment managers optimize from forecasts of future prices using trend analysis.

The Relationship between the Performance of Listed Companies in Pharmaceutical Manufacturing and Inventory Turnover, Operating Rate

As an important part of the pharmaceutical industry, the pharmaceutical manufacturing industry is always at the battlefield of the international public health and health industry. At the same time, as a basic and strategic sub-industry in China's manufacturing industry, the medical manufacturing industry closely related to people’s livelihood which is not only related to social Responsibility but also plays a key role in China's economy today. For the Chinese people, the new medical reforms and the irreversible aging of the population have increased the nation’s total expenditure on health care. From January to October 2017, the pharmaceutical industry’s main business income was RMB 2,410.29 billion, a year-on-year increase of 13.10%. This is a 4.50 percentage point higher than the 10.30% growth rate in 2016. However, even if the circumstance of this industry is getting better, high growth also has a drag on the national health insurance system and the standard of living of the people. This article chooses to analyze the financial and operating-level factors of China's pharmaceutical manufacturing listed companies such as Inventory turnover rate and operating rate. Study the impact on the performance of China's pharmaceutical manufacturing listed companies. The results of the study will fill gaps in the research of this industry and help pharmaceutical manufacturing listed companies choose the right capital size, liabilities, and expansion strategies, and more effectively absorb the current development dividends of China’s “four new economy”, and use them rationally and effectively. Markets and complex and limited capital and resources of enterprises, as China's industry benchmarks continue to guide the rapid growth of the market. on the other hand, to help investor the empirical point of view better choice of investment targets. This paper uses data from 2007-2016 for randomly selecting 19 companies from 118 medical manufacturing listed companies classified by China Securities Regulatory Commission. After dealing with panel data, multiple inspections are performed on panel data. To avoid the deviation from the actual level of the regression results, the panel-corrected standard deviation model was used to derive the relationship between the operating-level factors of pharmaceutical manufacturing listed companies and their performance. The results of the study indicate that there is a positive correlation between Inventory turnover rate, operating rate and performance, which fills the domestic empirical research on this issue. This area of industry company performance is blank.

Elasticity Ratio of Resource Consumption and the Resource Consumption

Today the resources are becoming scarcer, which should not be regarded as unexhausted any more. Correspondingly, the production would be constrained by the scarcity of resources clearly. Then the economic researchers would pay much more attention to reducing the consumption of natural resources in the future. Therefore this paper brings foreword the conception of elasticity ratio of resource consumption based on the concept of elasticity and analyzes the relationship between the parameters. For the certain relationships between the elasticity ratio of resource consumption and resource consumption, this paper will try to reveal, to keep economy growing while resource consumption reducing, what conditions should be met as to the relationships among resource productivity, its growth rate, energy saving efficiency, economic growth rate and elasticity ratio of resource consumption. This paper proves the relationship between the China＇s energy consumption and economy growth using statistic data from 1978 to 2003.

Exploiting Virtual Elasticity of Production Systems to Respect OTD—Part 3: Basic Considerations for Modelling CPPS Characterized by Non-Ergodic Order Entry and Non-Deterministic Product-Mix for Fully Flexible Addressable Workstations

The recently experienced hype concerning the so-called “4th Industrial Revolution” of production systems has prompted several papers of various subtopics regarding Cyber-Phdysical Production Systems (CPPS). However, important aspects such as the modelling of CPPS to understand the theory regarding the performance of highly non-ergodic and non-deterministic flexible manufacturing systems in terms of Exit Rate (ER), Manufacturing Lead Time (MLT), and On-Time Delivery (OTD) have not yet been examined systematically and even less modeled analytically. To develop the topic, in this paper, the prerequisites for modelling such systems are defined in order to be able to derive an explicit and dedicated production mathematics-based understanding of CPPS and its dynamics: switching from explorative simulation to rational modelling of the manufacturing “physics” led to an own and specific manufacturing theory. The findings have led to enouncing, among others, the Theorem of Non-Ergodicity as well as the Batch Cycle Time Deviation Function giving important insights to model digital twin-based CPPS for complying with the mandatory OTD.

Does the Shanghai-Hong Kong Stock Connect Program Enhance the Abnormal Rate of Return and Transaction Volatility of the Underlying Stocks:A Quasi-Natural Experimental Design

Shanghai-Hong Kong Stock Connect Program,which is a new starting point for the opening up of the mainland capital market,still has many uncertainties.Research on the benefits and market volatility of such policies can provide investors with time to invest in such policies,fluctuations in the underlying stocks of the Chinese stock market,and decision support for the formulation and revision of relevant policies.This paper studies whether there is significant abnormal rate of return in the selected stocks which are in the Shanghai Stock Connect Program within the specified period,the excess return gap between the stocks which are in the program and which are not in the program,and the impact of the Shanghai Stock Connect Program on the volatility of the relevant stocks.Based on the CAPM model and the Fama-French 3-factor model,this paper uses t test to study the significance of the abnormal rate of return.By establishing a difference-in-difference(DID)model,the regression of the abnormal rate of return is tested,and the sample volatility is analyzed according to the influence of the fund transaction.The study found that the stocks in the program have significant abnormal rate of returns during the window period.The Shanghai Stock Connect has brought about a huge change in transaction amount,and policy makers need to improve related and similar policies.

STUDY ON THE GENERALIZED PRANDTL-REUSS CONSTITUTIVEEQUATION AND THE COROTATIONALRATES OF STRESS TENSOR

In this paper, the generalized Prandtl-Reuss (P-R) constitutive equations of elastic-plastic material in the presence of finite deformations through a new approach are studied. It analyzes the generalized P-R equation based on the material corotational rate and clarifies the puzzling problem of the simple shear stress oscillation mentioned in some literature. The paper proposes a modified relative rotational rate with which to constitute the objective rates of stress in the generalized P-R equation and concludes that the decomposition of total deformation rate into elastic and plastic parts is not necessary in developing the generalized P-R equations. Finally, the stresses of simple shear deformation are worked out.

Analysis of Investment Efficiency in New Energy Projects by Traditional Energy Enterprises: A Case Study of Rooftop Photovoltaic Power Projects in the Chongqing Regional Market

Under the“dual carbon”goals,transitioning effectively in the traditional energy industry requires investment in photovoltaic(PV)power projects as a major development direction.Accurately assessing the investment efficiency of PV projects is a crucial reference for project decision-making.This study analyzed PV power generation evaluation methods and project efficiency models,integrating national and industry reports to select an appropriate model for calculating PV project efficiency.Using facilities suitable for rooftop PV projects in certain traditional energy enterprises in Chongqing as examples,the study calculated that the internal rates of return(IRR)for all test sites exceeded the enterprises’capital costs,confirming their investment value.Recommendations include:(1)Prioritizing projects with higher efficiency;(2)Simultaneous implementation of projects with similar efficiency in the same administrative area;(3)Maximizing surplus electricity revenue in cases of excess generation.This research aims to support traditional energy enterprises in transitioning to new energy projects and offers a reference for calculating investment efficiency in various PV power projects,including ground-mounted and wall-mounted PV systems.

Dynamic Characteristics of Transmission System for the Internal Grinder

The dynamics model of the transmission system of the internal grinder is established on the bases of Riccati transfer matrix. The dynamic characteristics of the internal grinder are obtained by analyzing the relationship between dynamic modal flexibility and modal flexibility, which is used to find out the dangerous model of the transmission system and its weak areas. Then design parameters of weak areas are modified, the new one from the old structure is put forward, and the dynamic characteristics of new ...

不同秸秆还田量对土壤团聚体及有机碳含量的影响

为探究不同秸秆还田量以及秸秆还田年限对土壤团聚体组成、稳定性以及碳库变化特征的影响,利用长期定位试验站的4个处理,秸秆全量还田(1XG)、秸秆1/2量还田(1/2XG)、秸秆1/3量还田(1/3XG)和根茬还田处理(CK),对团聚体稳定性以及各级团聚体有机碳含量进行连续3年的动态监测。结果表明,与CK相比,秸秆还田能够提高土壤中>0.25 mm粒级团聚体的含量,其中秸秆全量还田效果最好。随着秸秆还田年限的增加,<0.053 mm粒级团聚体含量呈增加趋势。秸秆还田能够显著提高团聚体平均重量直径,对增强团聚体稳定性起到一定作用。秸秆还田提高了土壤团聚体有机碳含量,其中秸秆全量还田效果最好,各处理>0.25 mm粒级团聚体有机碳含量均最高,表明秸秆还田后有机碳优先固存在大团聚体中,>0.25 mm粒级团聚体的有机碳贡献率最高,为60.90%~82.09%,<0.053 mm粒级团聚体最低,为2.39%~6.28%。综上,秸秆还田能够促进土壤团聚体的形成,提高土壤团聚体有机碳的含量,其中秸秆全量还田的固碳效果最好。研究结果为确定合理的秸秆还田量提供数据支持,为提升和改善黑土区土壤肥力提供理论依据。