16,539,251 research outputs found

    Development of an amperometric biosensor for the detection of alcohol: a thesis presented in partial fulfilment of the requirements for the degree of Masters in Science in Biochemistry at Massey University

    Get PDF
    The aim of the following work was to design a biosensor for the detection of ethanol. A biosensor is an analytical device in which a biological sensing element is connected to or integrated with a physical transducing element. Amperometric enzyme biosensors utilise one or more enzymes to convert a substance which cannot be measured electrochemically to one which can be. In the case of an alcohol biosensor one of two enzymes (alcohol dehydrogenase and alcohol oxidase) can be used to convert electrochemically stable alcohol to either hydrogen peroxide or NADH which can be oxidised. In the design of an alcohol biosensor there are three major variables to consider, these are; enzyme type, electrode material, and immobilisation technique. The goal was to select optimum conditions for the formulation of the desired sensor. In the present work the electrode materials used were platinum, carbon (foil and paste) and the conducting organic salt N-methyl phenazinium.Tetracyanoquinodimethane (NMP.TCNQ). The immobilisation techniques used were; adsorption, cross-linking to a protein matrix and covalent binding. Of the biosensors produced from a selected combination or these variables each was tested by one or more of the following; cyclic voltammetry, enzyme assay, and amperometry. The most promising approach appears to be that of conjugating enzyme to haemin and allowing the conjugate to bind irreversibly to platinum via the haemin group. An electrode made with the organic salt NMP.TCNQ looked promising also but because the salt is readily oxidised it is unstable and therefore not an ideal electrode material

    A Market-Clearing Role for Inefficiency on a Limit Order Book

    Get PDF
    Using a stochastic sequential game in ergodic equilibrium, this paper models limit order book trading dynamics. It deduces investor surplus and some agents' strategies from depth's stationarity, while bypassing altogether agents' intricate forecasting problems. Market inefficiency adjusts to induce equal supply and demand for liquidity over time. Consequently, at a given bid-ask spread surplus per investor is invariant to faster, more regular or more sophisticated trading, or modified queuing rules: apparent improvements are offset as inefficiency adjusts back to market-clearing levels. Moreover, investor surplus decreases with the spread. In the model, price discreteness fixes the spread at the tick size. Narrowing the tick is beneficial, but may be resisted by sell-side traders.stochastic sequential game, ergodic equilibrium, market microstructure, limit order book, market depths, bid-ask spread

    Estimating quadratic variation when quoted prices jump by a constant increment

    Get PDF
    Financial assets' quoted prices normally change through frequent revisions, or jumps. For markets where quotes are almost always revised by the minimum price tick, this paper proposes a new estimator of Quadratic Variation which is robust to microstructure effects. It compares the number of alternations, where quotes are revised back to their previous price, to the number of other jumps. Many markets exhibit a lack of autocorrelation in their quotes' alternation pattern. Under quite general 'no leverage' assumptions, whenever this is so the proposed statistic is consistent as the intensity of jumps increases without bound. After an empirical implementation, some useful corollaries of this are given.

    Intraday Patterns in the Cross-section of Stock Returns

    Full text link
    Motivated by the literature on investment flows and optimal trading, we examine intraday predictability in the cross-section of stock returns. We find a striking pattern of return continuation at half-hour intervals that are exact multiples of a trading day, and this effect lasts for at least 40 trading days. Volume, order imbalance, volatility, and bid-ask spreads exhibit similar patterns, but do not explain the return patterns. We also show that short-term return reversal is driven by temporary liquidity imbalances lasting less than an hour and bid-ask bounce. Timing trades can reduce execution costs by the equivalent of the effective spread

    Properties of Ly-alpha emitters around the radio galaxy MRC 0316-257

    Full text link
    Observations of the radio galaxy MRC 0316-257 at z=3.13 and the surrounding field are presented. Using narrow- and broad-band imaging obtained with the VLT, 77 candidate Ly-alpha emitters with a rest-frame equivalent width of > 15 A were selected in a ~7'x7' field around the radio galaxy. Spectroscopy of 40 candidate emitters resulted in the discovery of 33 emission line galaxies of which 31 are Ly-alpha emitters with redshifts similar to that of the radio galaxy, while the remaining two galaxies turned out to be [OII] emitters. The Ly-alpha profiles have widths (FWHM) in the range of 120-800 km/s, with a median of 260 km/s. Where the signal-to-noise was large enough, the Ly-alpha profiles were found to be asymmetric, with apparent absorption troughs blueward of the profile peaks, indicative of absorption along the line of sight of an HI mass of at least 2x10^2 - 5x10^4 M_sun. The properties of the Ly-alpha galaxies (faint, blue and small) are consistent with young star forming galaxies which are still nearly dust free. The volume density of Ly-alpha emitting galaxies in the field around MRC 0316-257 is a factor of 3.3+0.5-0.4 larger compared with the density of field Ly-alpha emitters at that redshift. The velocity distribution of the spectroscopically confirmed emitters has a FWHM of 1510 km/s, which is substantially smaller than the width of the narrow-band filter (FWHM ~ 3500 km/s). The peak of the velocity distribution is located within 200 km/s of the redshift of the radio galaxy. We conclude that the confirmed Ly-alpha emitters are members of a protocluster of galaxies at z~3.13. The size of the protocluster is larger than 3.3x3.3 Mpc^2. The mass of this structure is estimated to be > 3-6x10^14 M_sun and could be the progenitor of a cluster of galaxies similar to e.g. the Virgo cluster. (Abridged)Comment: 23 Pages, including 20 PostScript figures. Publiced in Astronomy & Astrophysics. v2: typo fixed and Journal reference adde

    The mediating effect of green innovation on the relationship between green supply chain management and environmental performance

    Get PDF
    The emerging environmental awareness of the public, as well as the implementation of governmental regulations, force organisations to employ corporate environmental practices such as green supply chain management (GSCM) and green innovation. Accordingly, both practices are crucial to achieve professional improvement in the environmental performance of these organisations. However, research on the relationship of GSCM, green innovation, and environmental performance is relatively rare. Therefore, this study is aimed to provide empirical evidence showing that GSCM and green innovation practices significantly improve environmental performance in order to encourage organisations to implement these practices. In addition, this study investigates the relationship between GSCM and green innovation practices and the influence of these practices on the environmental performance in 123 manufacturing organisations with ISO 14001 certification. The results of PLS-SEM revealed that there is a significant and positive relationship between GSCM and green innovation, and the environmental performance. Moreover, green innovation had a positive effect on the environmental performance. Furthermore, green innovation had a mediating relationship between GSCM and environmental performance. Therefore, the present paper confirmed the significant influence of GSCM on boosting the green innovation of organisations and on the manufacturing establishments, which eventually improve the environment. In brief, the outcomes of this study provide enhanced understanding about the significant role of green innovation in the manufacturers for improving their GSCM and organisational environmental performance

    ATPMN: accurate positions and flux densities at 5 and 8 GHz for 8,385 sources from the PMN survey

    Full text link
    We present a source catalogue of 9,040 radio sources resulting from high-resolution observations of 8,385 PMN sources with the Australia Telescope Compact Array. The catalogue lists flux density and structural measurements at 4.8 and 8.6 GHz, derived from observations of all PMN sources in the declination range -87 deg < delta < -38.5 deg (exclusive of galactic latitudes |b| 70 mJy (50 mJy south of delta = -73 deg). We assess the quality of the data, which was gathered in 1992-1994, describe the population of catalogued sources, and compare it to samples from complementary catalogues. In particular we find 127 radio sources with probable association with gamma-ray sources observed by the orbiting Fermi Large Area Telescope.Comment: 20 pages, 21 figure

    Clustering of galaxies around radio quasars at 0.5 < z < 0.8

    Get PDF
    We have observed the galaxy environments around a sample of 21 radio-loud, steep-spectrum quasars at 0.5<z<0.82, spanning several orders of magnitude in radio luminosity. The observations also include background control fields used to obtain the excess number of galaxies in each quasar field. The galaxy excess was quantified using the spatial galaxy-quasar correlation amplitude, B_gq, and an Abell-type measurement, N_0.5 (Hill & Lilly 1991). A few quasars are found in relatively rich clusters, but on average, they seem to prefer galaxy groups or clusters of approximately Abell class 0. We have combined our sample with literature samples extending down to z=0.2 and covering the same range in radio luminosity. By using Spearman statistic to disentangle redshift and luminosity dependences, we detect a weak, but significant, positive correlation between the richness of the quasar environment and the quasar's radio luminosity. However, we do not find any epoch dependence in B_gq, as has previously been reported for radio quasars and galaxies. We discuss the radio luminosity-cluster richness link and possible explanations for the weak correlation that is seen.Comment: 18 pages, 9 figures, submitted to MNRA

    Standard spacecraft economic analysis. Volume 1: Executive summary

    Get PDF
    A study of the comparative program costs associated with use of various standardized spacecraft for Air Force space test program missions to be flown on the space shuttle during the 1980-1990 time period is reviewed. The first phase of the study considered a variety of procurement mixes composed of existing or programmed NASA standard spacecraft designs and a Air Force standard spacecraft design. The results were briefed to a joint NASA/Air Force audience on July 11, 1976. The second phase considered additional procurement options using an upgraded version of an existing NASA design. The results of both phases are summarized

    Pro-rata matching and one-tick futures markets

    Get PDF
    We find and describe four futures markets where the bid-ask spread is bid down to the fixed price tick size practically all the time, and which match counterparties using a pro-rata rule. These four markets´ offered depths at the quotes on average exceed mean market order size by two orders of magnitude, and their order cancellation rates (the probability of any given offered lot being cancelled) are significantly over 96 per cent. We develop a simple theoretical model to ex- plain these facts, where strategic complementarities in the choice of limit order size cause traders to risk overtrading by submitting over-sized limit orders, most of which they expect to cancel
    corecore