Firms can benefit from inaccurate market beliefs

A supplier sells to a retailer who serves a market with uncertain demand. Before the season starts, the retailer preorders from the supplier, who stocks to satisfy at least the preorder. After the actual demand is realized, the retailer can place an at-once order, which is satisfied up to stock availability. Market demand, as perceived by a firm, can differ from what it actually is. We find that a firm can benefit from holding an inaccurate market belief.     

Computer-aided design of formulated products

Formulated products represent a particular class of complex chemical products, and their design is typically based on experience and extensive experimentation. Although still at an early stage, and despite that their potential is not fully accessed and not fully used by the industry, computer-aided design (CAD) methods and tools offer many possibilities in the design of formulated products. The CAD methodology based on computerized models enables the formulation chemists to speed up the design process, without completely replacing experiments.In this work, we summarize previous studies in the field and present important elements of the CAD framework, emphasizing estimation methods for key target properties, link to specifications, and finally, some case studies will illustrate how the CAD framework can be used in practice for formulated products.     

A New Thiolate-Bound Dimanganese Cluster as a Structural and Functional Model for Class Ib Ribonucleotide Reductases

In class Ib ribonucleotide reductases (RNRs) a dimanganese(II) cluster activates superoxide (O₂⋅⁻) rather than dioxygen (O₂), to access a high valent Mn^III−O₂−Mn^IV species, responsible for the oxidation of tyrosine to tyrosyl radical. In a biomimetic approach, we report the synthesis of a thiolate-bound dimanganese complex [Mn^II₂(BPMT)(OAc)₂](ClO)₄ (BPMT=(2,6-bis{[bis(2-pyridylmethyl)amino]methyl}-4-methylthiophenolate) ( 1 ) and its reaction with O₂⋅⁻ to form a [(BPMT)MnO₂Mn]²⁺ complex 2 . Resonance Raman investigation revealed the presence of an O−O bond in 2 , while EPR analysis displayed a 16-line S_t=1/2 signal at g=2 typically associated with a Mn^IIIMn^IV core, as detected in class Ib RNRs. Unlike all other previously reported Mn−O₂−Mn complexes, generated by O₂⋅⁻ activation at Mn₂ centers, 2 proved to be a capable electrophilic oxidant in aldehyde deformylation and phenol oxidation reactions, rendering it one of the best structural and functional models for class Ib RNRs.     

GARCH(1,1)模型的稳健估计比较及应用

首先阐述了GARCH(1,1)模型稳健估计的构造方法,然后在模型有无异常值扩散效应约束和异常值比例不同的情况下,比较了传统QMLE估计和多种稳健M估计的表现,结果表明:在数据无异常值下,QMLE估计较优;随着异常值比例增加,稳健Andrew估计表现更好;模型施加异常值扩散效应约束对估计有一定改善但不显著.最后选取波动程度不同的两个阶段沪深300指数的收益率,用模型拟合进行了实例比较,在波动程度较大时,Andrew估计效果较优,在波动相对平稳时,LAD估计较优.     

MICROEMULSION SYSTEMS WITH A NONIONIC COSURFACTANT

The conditions to obtain W/0 microemulsions using ionic surfactants and a nonionic cosurfactant, a polyoxyethylene alkyl ether, were investigated. The length of the polyoxyethylene chain was critical to obtain the typical water solubilization maximum

The variation of the W/0 microemulsion region with hydrocarbon content was different from that of the usual type of microemulsions having a medium chain length alcohol as cosurfactant. In the present systems the W/0 microemulsion region was not a direct continuation of the inverse micellar area at zero content of hydrocarbon. Addition of hydrocarbon was necessary for the formation of inverse micelles

The microemulsion regions were sensitive to the kind of hydrocarbon used; a sign of the importance of the nonionic surfactant for the stability of this kind of microemulsions.     

THE ADSORPTION OF AN ANIONIC SURFACTANT AT THE OIL WATER INTERFACE DURING EMULSION HOMOGENIZATION

Adsorption of sodium dodecylbenzene sulfonate (NaDBS) on the surfaces of dispersed oil globules during homogenization of paraffin oil in water emulsions has been studied. NaDBS concentration was changed over a wide interval comprising critical micelle concentration. For the emulsions homogenized for different time intervals the total quantity and the percentage of NaDBS adsorbed, the amount and number of NaDBS molecules adsorbed per unit inter-facial area, as well as the specific surface area of dispersed phase and the area per emulsifier molecule have been determined.

The amount adsorbed and density of the emulsifier layer, I.e., the area per NaDBS molecule adsorbed on the oil globule surfaces, depend not only on Initial NaDBS concentration but also, on the homogenization time and the homogenization action. This makes a difference between the adsorption behaviour under the conditions of emulsion formation and its subsequent homogenization, and the adsorption behaviour of the emulsifier at a plane quiescent Interface.     

Automorphisms of flag systems

We first discuss the problems in the theory of ordinary differential equations that gave rise to the concept of a flag system and illustrate these with the Cartan criterion for Monge equations (1st order) as well as the Cartan statement concerning the local equivalence of Monge–Ampère type equations (2nd order). Next, we describe a prolongation functor operating on the infinitesimal symmetries (automorphisms) of the Darboux flag and extending these, isomorphically, to all the symmetries of any other flag. Hence, flag systems cannot be distinguished by their symmetry algebras and the local classification of these objects is approached by considering higher order isotropies of these algebras as well as the groupoids of k-th order formal equivalences since the differential equations defining the latter provide precious information for the application of flag systems to differential equations (e.g., Cartan's criterion for non-linear Monge equations). In examining the behavior of the isotropy algebras, that can either diminish or remain the same, when passing from a derived system $S_{\nu }$ to the consecutive system $S_{\nu +1}$, we obtain a full set of numerical invariants for the elementary flag systems that moreover specifies the local models.     

Next-generation NATO reference mobility model complex terramechanics – Part 2: Requirements and prototype

In part 2 of this paper, the Complex Terramechanics (CT) software tools requirements recommended by the NATO research task group RTG-248 are presented along with example simulations from a CT prototype software tool which attempts to satisfy the requirements.     

Limit theorems for the pre-averaged Hayashi–Yoshida estimator with random sampling

We will focus on estimating the integrated covariance of two diffusion processes observed in a nonsynchronous manner. The observation data is contaminated by some noise, which possibly depends on the time and the latent diffusion processes, while the sampling times also possibly depend on the observed processes. In a high-frequency setting, we consider a modified version of the pre-averaged Hayashi–Yoshida estimator, and we show that such a kind of estimator has the consistency and the asymptotic mixed normality, and attains the optimal rate of convergence.