ON GENERALIZED ORDERS AND GENERALIZED TYPES OF DIRICHLET SERIES IN THE RIGHT HALF-PLANE

In the paper, generalized orders and generalized types of Dirichlet series in the right half-plane are given. Some interesting relationships on maximum modulus, the maximum term and the coefficients of entire function defined by Dirichlet series of in the right half-plane are obtained.     

一类反应扩散方程的孤立周期波和局部临界周期分支

研究了一类含有五次非线性反应项和常数扩散项的反应扩散方程的小振幅孤立周期波解,以及它的行波方程局部临界周期分支问题.运用行波变换将反应扩散方程转换为对应的行波系统,应用奇点量方法和计算机代数软件MATHEMATICA计算出该系统的前8个奇点量,得到该系统奇点的两个中心条件,并证明行波系统原点处可分支出8个极限环,对应的非线性反应扩散方程存在8个小振幅孤立周期波解;通过周期常数的计算,得到了行波系统原点的细中心阶数,并证明该系统最多有3个局部临界周期分支,且能达到3个局部临界周期分支;通过分析行波系统的临界周期分支,得到该反应扩散方程有3个临界周期波长.     

考虑公司信息披露情绪的欧式脆弱期权定价

从公司信息披露的角度来看,定量数据直观地反映了公司的经营和财务状况,而描述性的非结构文本信息是对定量数据的有效补充。本文从公司年报中挖掘信用违约文本信息,构建语调变量情绪指标,以调控脆弱期权的违约临界值,改进经典的Klein欧式脆弱期权定价模型。研究表明:随着语调变量指标的增大,欧式看涨看跌期权价格呈递减趋势,且指标越接近1,期权价格递减速度越快,说明期权价格对负向情绪更加敏感,符合金融市场实际情况。此外,应用研究发现不考虑情绪指标的Klein模型倾向于低估期权价格,考虑公司信息披露情绪的脆弱期权定价模型能更准确地分析财务困境对信用风险的影响,结果更贴近实际情况。     

The planar discontinuous piecewise linear refracting systems have at most one limit cycle

In this paper we investigate the limit cycles of planar piecewise linear differential systems with two zones separated by a straight line. It is well known that when these systems are continuous they can exhibit at most one limit cycle, while when they are discontinuous the question about maximum number of limit cycles that they can exhibit is still open. For these last systems there are examples exhibiting three limit cycles.The aim of this paper is to study the number of limit cycles for a special kind of planar discontinuous piecewise linear differential systems with two zones separated by a straight line which are known as refracting systems. First we obtain the existence and uniqueness of limit cycles for refracting systems of focus-node type. Second we prove that refracting systems of focus–focus type have at most one limit cycle, thus we give a positive answer to a conjecture on the uniqueness of limit cycle stated by Freire, Ponce and Torres in Freire et al. (2013). These two results complete the proof that any refracting system has at most one limit cycle.     

沪深300股指期货价格发现能力研究

利用沪深300指数及其期货当月主力合约的5分钟高频数据,本文采用Granger因果检验、向量自回归模型、Johansen协整检验及向量误差修正模型,系统分析不同价格趋势下沪深300股指期货的价格发现能力。研究表明:第一,在上涨趋势中期货收益率单方面引起现货收益率变化,现货收益率不是引导期货收益变化的原因;但是,在下跌趋势中现货收益率与期货收益率具有相互引导的Granger因果关系。第二,无论在上涨阶段还是下跌阶段,期货市场都在价格发现能力方面处于主导地位。第三,期货价格与现货价格存在长期均衡关系,当二者短期内偏离均衡时,期货价格引导现货价格向均衡方向调整。     

Using compressed workweeks to save labour cost

Labour cost represents a huge portion of total cost in many industries. This paper looks at the novel idea of using compressed workweeks to save labour cost. While the idea is quite simple and applicable, it appears to be unknown. We give examples to show that savings in labour cost can be more than trivial, making the idea useful. We also provide formulae for computing workforce sizes and show how to construct schedules under a variety of scenarios.     

The existence of multiple positive solutions of p-Laplacian boundary value problems

In this paper, we establish sufficient conditions to guarantee the existence of at least three or 2n − 1 positive solutions of nonlocal boundary value problems consisting of the second-order differential equation with p-Laplacian