The efficient frontier for spot and forward purchases: an application to electricity

A local electricity distribution company (LDC) can reduce its exposure to the inherent risks of spot-price volatility and uncertain future demand via forward contracts. Management's problem is to determine the optimal forward-contract purchase. We propose a practical three-stage approach for dealing with the problem. The first stage determines an optimal purchase by solving a cost-constrained risk-minimization problem. The second stage derives the efficient frontier of tradeoffs between expected cost and cost risk from the first-stage solution, at various bounds on the expected cost. The optimal solution is found by melding the frontier with management's risk preferences. In the third stage, the model's parameters are estimated from data typically available to an LDC and used to determine its forward-contract purchase.     

Fluctuating Carbonaceous Networks with a Persistent Molecular Shape: A Saddle‐Shaped Geodesic Framework of 1,3,5‐Trisubstituted Benzene (Phenine)

A saddle‐shaped macromolecule has been synthesized. The molecule was designed as a geodesic saddle with 1,3,5‐trisubstituted benzene (named phenine) as the fundamental unit. The phenines were woven into a polygonal framework that was composed of 168 sp²‐hybridized carbon atoms. The saddle‐shaped structure with unique symmetry showed atypical conformational changes. The biaryl linkages in this molecule had a small energy barrier for rotation, and these structural fluctuations resulted in seven ¹H NMR resonances representing 84 aromatic hydrogen atoms. Nevertheless, the overall saddle shape of the molecule was persistent, and the “up” and “down” orientations of phenine moieties circulated to give average ¹H resonances. The structural characteristics of this molecule, including the anomalous entropy‐driven dimerization, may deepen our understanding of defect‐rich graphitic sheets.     

Synthesis of dl-coriolin

The total synthesis of dl-coriolin has been achieved in a stereoselective way. The key tricyclic intermediate was synthesized from dicyclopentadiene through a route which involved an S_N2 reaction at a neopentylic position.     

Determination of pyrimethamine in animal tissue and egg by liquid chromatography with fluorescence detection

A sensitive and selective liquid chromatographic (LC) assay was developed to determine the concentration of pyrimethamine in animal tissue and egg by fluorescent derivative. Animal samples were extracted with acetonitrile, centrifuged, and purified by hexane. Fluorescent derivatization was performed by reacting pyrimethamine with chloroacetaldehyde and subjected to LC with fluorescence detection (excitation wavelength 300 nm, emission wavelength 420 nm). The limit of detection was 10 ng/g (10 ppb) and the standard calibration curve was linear in the range of 1-100 ppb (0.01-1 ng/10 microL). Recoveries from samples fortified at levels of 0.1 and 1 ppm (microg/g) were 61.0-77.4 and 65.5-81.2%, respectively. The method was applied to the monitoring of marketed samples. Pyrimethamine was not determined in any of the 70 samples: 20 swine muscle; 20 chicken muscle; 10 chicken liver; and 20 egg.     

Fluorescence Response and Self-Assembly of a Tweezer-Type Synthetic Receptor Triggered by Complexation with Heme and Its Catabolites

There is increasing interest in the development and applications of synthetic receptors that recognize target biomolecules in aqueous media. We have developed a new tweezer-type synthetic receptor that gives a significant fluorescence response upon complexation with heme in aqueous solution at pH 7.4. The synthetic receptor consists of a tweezer-type heme recognition site and sulfo-Cy5 as a hydrophilic fluorophore. The receptor–heme complex exhibits a supramolecular amphiphilic character that facilitates the formation of self-assembled aggregates, and both the tweezer moiety and the sulfo-Cy5 moiety are important for this property. The synthetic receptor also exhibits significant fluorescence responses to biliverdin and bilirubin, but shows very weak fluorescence responses to flavin mononucleotide, folic acid, and nicotinamide adenine dinucleotide, which contain smaller π-scaffolds.     

Properties of TiO2-polyacrylic acid dispersions with potential for molecular recognition

Titanium dioxide (TiO₂)/polyacrylic acid (PAA) (TiO₂/PAA) particles were formed by mixing PAA and an acidic solution of TiO₂ nanoparticles in dimethylformamide (DMF) followed by heat treatment. TEM and particle analysis showed that the resulting particles had a narrow size distribution. The colloid was very stable and aggregation was not observed over a wide pH range (3–9) or at high salt concentration. The residual carboxylic acid of PAA could be modified via EDC/NHS activation to form an amide bond with a protein. An antibody was attached to the hybrid nanoparticle and specific binding to antigen was monitored by surface plasmon resonance. The results suggest that TiO₂/PAA nanoparticles are candidates as the base component of a photocatalytic system with potential for substrate selectivity.     

Inclusion Complexation of a Seleno-Organic Antioxidant, Ebselen, with Cyclodextrins in Aqueous Solution

The interaction of ebselen, 2-phenyl-1,2-benzisoselenazol-3(2H)-one, a novel neuroprotective agent, with cyclodextrins (CyDs) in aqueous solution was studied by the solubility method and spectroscopic methods. The ability of sulfobutyl ether -CyD (SBE7--CyD, average degree of substitution= 6.2) to solubilize ebselen was greater, and its stability constant (> 2000 M^-1) was significantly higher than those (< 1000 M^-1) of other CyD complexes employed. The stability constant of the complexes rose as hydrophobicity of the substituents of CyDs increased, whereas it was negligibly affected by change in ionic strength of the medium, indicating a significant contribution of hydrophobic interaction in the complexation. SBE7--CyD gave positive and negative CD bands at around 320 and 350 nm, respectively, indicating that the guest is embedded in the asymmetric locus of the CyD cavity. ¹H-NMR spectroscopic studies suggested that the mono-substituted benzene ring of ebselen is preferably included in the cavity of SBE7--CyD. The results indicate that SBE7--CyD is useful as a solubilizing agent for ebselen.     

Magnetic uni- and tri-axial grain-orientation in superconductors with layered structures

We report the grain-orientation effects under a modulated rotation magnetic field for Y-based cuprate superconductors and LaFeAsO (La1111). Tri-axial orientation has been successfully achieved only for orthorhombic Y₂Ba₄Cu₇O_y and YBa₂Cu₄O₈ powders without a twin microstructure, while separation of three crystallographic axes could not be observed in twinned YBa₂Cu₃O_y (Y123) and tetragonal La1111 powders. The morphology of grains, in addition to the symmetry of crystal structures, seriously affects the degrees of tri-axial orientation, which means that the control of twin microstructures is required for the tri-axial magnetic orientation in Y123.     

LP narrowing: A new strategy for finding all solutions of nonlinear equations

An efficient algorithm is proposed for finding all solutions of systems of n nonlinear equations. This algorithm is based on interval analysis and a new strategy called LP narrowing. In the LP narrowing strategy, boxes (n-dimensional rectangles in the solution domain) containing no solution are excluded, and boxes containing solutions are narrowed so that no solution is lost by using linear programming techniques. Since the LP narrowing is very powerful, all solutions can be found very efficiently. By numerical examples, it is shown that the proposed algorithm could find all solutions of systems of 5000-50,000 nonlinear equations in practical computation time.