The practice for eight-year operation of the cobalt-60 irradiation facility at Beijing Radiation Application Research Center

The radiation facility was made by Sulzer Company in Switzerland. The designed capacity is 3.7 × 10¹⁶Bq( 1MCi) and 12.21 × 10¹⁵Bq(330kCi)of Cobalt -60 source was loaded at the first phase. Current cobalt -60 source-loading is 2.4 × 10¹⁶Bq(650kCi). The equipment assembling and installation regulating and testing were completed at the end of 1988. The facility was put into commissioning in 1989. It operates 7000–8000 hours per year. The facility has been utilized to carry out many research work and irradiate many kinds of items. Lots of economical benefits have been gained since then. Now it is becoming a radiation processing model base in China. This paper summarized the strong and weak points of the design of the facility through in eight years' practice and analysed the economical benefits.     

A BIOECONOMIC APPROACH TO THE FAUSTMANN–HARTMAN MODEL: ECOLOGICAL INTERACTIONS IN MANAGED FOREST

Abstract This paper develops a bioeconomic forestry model that makes it possible to take ecosystem services that are independent of the age structure of trees into account. We derive the Faustmann–Hartman optimal harvesting strategy as a special case. The bioeconomic model is then extended to account for the fact that forest harvesting decisions impact on other ecological resources, which provide benefits for the wider community. The paper focuses on impacts associated with disturbance caused by logging operations and habitat destruction due to tree removal. This enables us to explore the interactions between forest management and the dynamics of ecological resources. The optimal rotation rule is obtained as a variation on the traditional Faustmann–Hartman equation, where an additional term captures the potential benefits derived from the growth of the ecological resource valued at its shadow price. The steady‐state solutions to the problem and sensitivity to model parameter are identified using numerical analysis.     

限售股减持背景下控股股东自利行为研究——基于跨期投资的视角

以减持限售股份为前提条件,建立起两期间的控股股东跨期投资并进行利益侵占的理论模型。将现金流权比例、限售股减持比例等作为影响变量,分析其对控制权私利产生怎样的作用。通过分析得出产生的控制权私利分别与上述相关比例之间是呈负相关、正相关以及只与即期有关而与远期侵占无关的结论。同时,两期侵占模型中,控股股东的即期最佳水平与单期模型相比,有一定程度的降低。因为控股股东的减持以及侵占行为是长时间的,并且也是连续的,该行为是以获得最大收益为目的的。本文在理论分析的角度为我国资本市场的大股东持股结构改善以及投资决策选择给予支撑。     

Valuing inflation-linked death benefits under a stochastic volatility framework

In this paper we construct a framework to price the inflation-linked derivatives with the stochastic inflation rate, the stochastic interest rate, and stochastic risky assets with stochastic volatility. Because of the popularity of the guaranteed minimum death benefit (GMDB) in insurance market, we mainly study two types of GMDBs: the inflation guarantee and the combination guarantee. We consider the guaranteed minimum death benefit as an European option with a random maturity date, the closed-form pricing formulas for the GMDBs are derived by Fourier-based method. Moreover, we give an elaborate sensitivity analysis to explain economical behaviors of our models. The numerical results show that the death benefit of inflation guarantee is slightly overpriced in constant volatility of stock situation.     

中华海外磁共振协会(英文)

<正>Oversea Chinese Magnetic Resonance Society(OCMRS)is an independent,non-political and non-profit organization dedicated to bridge magnetic resonance scientists overseas and in China by promoting social,intellectual and academic activities.It was found in the 37th Experimental NMR Conference(ENC)at Asilomar,CA,U.S.,in 1996,and officially registered at Boston,MA,U.S.in 2013.It strives to provide opportunities and benefits for its members by exchanging scientific information,stimulating new research ideas and initializing collaborations.     

由历史看数学的应用研究

本文从历史的角度 ,研究了数学应用的情况 .     

Determination of oil contents from eight varieties of olea europaea (Olive) grown in Pakistan

Abstract

The olive (Olea europaea L.) is a worldwide famous tree crop having valuable commercial role due to nutritional as well as therapeutic benefits obtained from its edible oil. Eight varieties of Olea europaea L. fruits were obtained from three Agricultural research institutes located in different areas of Pakistan including Quetta, Lorallia and Zhob to extract and determine their oil contents by conventional method as solvent extraction (soxhlet apparatus). Statistical analysis showed significant (p?=?0.002) difference in oil composition of collected plants. Highest amount (percentage) of oil was obtained from Gemlik variety (65%) from Lorallia and lowest oil content from Dolece-agogia variety (17.5%) collected from Quetta. Further research is under consideration to rule out best suitable factors including some soil and environmental factors to obtained more potential cultivars of Olea europaea in Pakistan.     

Some current issues in accounting for the cost of defined benefit pension schemes

This paper discusses the issues underlying the InternationalAccounting Standards Board (IASB)'s review of accounting forpension obligations. Pension obligations are currently dealtwith by International Accounting Standard 19. This containsthree important features, which are currently under review:(1) A smoothing mechanism (the ‘corridor’) for recognizingactuarial gains and losses. (2) An expected rate of return onplan assets, which is different from the actual (achieved) return.(3) An asset ceiling, which limits the extent to which surplusplan assets are recognized in the accounts of the employer.The IASB's current thinking on these issues is explained, andcomparisons are made with the UK's controversial Financial ReportingStandard 17. The paper concludes with a brief discussion oftwo important aspects of measuring defined benefit obligationsthat are not being considered in the present review.     

Valuing equity-linked death benefits with a threshold expense strategy

We investigate equity-linked investment products with a threshold expense strategy, under which an insurance company will collect expenses continuously from the policyholder’s account only when the account value is lower than a pre-specified level. The logarithmic value of the policyholder’s account, before deducting any fees, is described by a jump diffusion process which is independent of the time-to-death random variable. The distribution of the time-to-death random variable is approximated by a combination of exponential distributions, which are dense in the space of density functions on $[0,\infty )$. We characterize the Laplace transform of the distribution of a general refracted jump diffusion process through some integro-differential equations. Besides, the distribution of a refracted double exponential jump diffusion process at an independent exponential random variable is derived, from which closed-form formulas to evaluate the total expenses and the fair fee rates are obtained. Finally, we illustrate our results by some numerical examples.     

基于Hilbert-Huang变换的金融收益政策风险因子识别方法

针对政策可能对金融收益产生风险问题,提出了基于Hilbert-Huang变换方法的政策风险因子识别检测方法。通过经验模态分解,Hilbert-Huang频谱分析得到金融时间序列的时域和频域特征,通过与量化处理后的政策进行匹配得到政策产生的异常波动情况,从而实现对政策因子风险的识别与处理。研究结果对于探究宏观政策对金融收益的影响具有重要参考意义。最后以国家房地产调控政策与地产指数为算例,发现本研究提出的方法识别精度高,具有非常好的应用前景。