799,109 research outputs found

    Relative Distress and Return Distribution Characteristics of Japanese Stocks, a Fuzzy-Probabilistic Approach

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    In this article, we demonstrate that a direct relation exists between the context of Japanese firms indicating relative distress and conditional return distribution properties. We map cross-sectional vectors with company characteristics on vectors with return feature vectors, using a fuzzy identification technique called Competitive Exception Learning Algorithm (CELA)1. In this study we use company characteristics that follow from capital structure theory and we relate the recognized conditional return properties to this theory. Using the rules identified by this mapping procedure this approachenables us to make conditional predictions regarding the probability of a stock's or a group of stocks' return series for different return distribution classes (actually return indices). Using these findings, one may construct conditional indices that may serve as benchmarks. These would be particularly useful for tracking and portfolio management.capital structure;asset pricing;fuzzy systems;conditional return distribution;heuristic learning

    Validation of the CMS Magnetic Field Map

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    The Compact Muon Solenoid (CMS) is a general purpose detector, designed to run at the highest luminosity at the CERN Large Hadron Collider (LHC). Its distinctive features include a 4 T superconducting solenoid with 6-m-diameter by 12.5-m-length free bore, enclosed inside a 10,000-ton return yoke made of construction steel. The return yoke consists of five dodecagonal three-layered barrel wheels and four end-cap disks at each end comprised of steel blocks up to 620 mm thick, which serve as the absorber plates of the muon detection system. To measure the field in and around the steel, a system of 22 flux loops and 82 3-D Hall sensors is installed on the return yoke blocks. A TOSCA 3-D model of the CMS magnet is developed to describe the magnetic field everywhere outside the tracking volume measured with the field-mapping machine. The magnetic field description is compared with the measurements and discussed.Comment: 7 pages, 5 figures, presented at 4th International Conference on Superconductivity and Magnetism 2014, April 27 - May 2, 2014, Antalya, Turkey. arXiv admin note: substantial text overlap with arXiv:1605.08778; text overlap with arXiv:1212.165

    Analysis of regolith electromagnetic scattering as constrained by high resolution Earth-based measurements of the lunar microwave emission

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    When high resolution measurements of the phase variation of the lunar disk center brightness temperature revealed that in situ regolith electrical losses were larger than those measured on returned samples by a factor of 1.5 to 2.0 at centimeter wavelengths, the need for a refinement of the regolith model to include realistic treatment of scattering effects was identified. Two distinct scattering regimes are considered: vertial variations in dielectric constant and volume scattering due to subsurface rock fragments. Models of lunar regolith energy transport processes are now at the state for which a maximum scientific return could be realized from a lunar orbiter microwave mapping experiment. A detailed analysis, including the effects of scattering produced a set of nominal brightness temperature spectra for lunar equatorial regions, which can be used for mapping as a calibration reference for mapping variations in mineralogy and heat flow

    Inductance and resistance calculations for isolated conductors

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    In this review paper we present various analytical and numerical calculations for computing the high frequency and low frequency inductance and resistance of isolated conductors. The high frequency estimates are obtained using conformal mapping theory. In both cases, a uniformly distributed return current at an arbitrary radius is assumed. Formulae are presented for the inductance of a strip conductor of zero thickness. The inductance is computed both for dc and for ac infinite conductivity. For regular polygons the conformal mapping is defined by a power series, while finite element analysis is used to compute the dc inductance. Conformal mapping theory is used to obtain estimates of the resistance and inductance of a rectangular conductor when the skin depth is small compared to the thickness of the conductor. A method is then presented for calculating the resistance when the skin depth exceeds the thickness of the conductor but remains small in relation to the width of the conductor. Finite element analysis is used to confirm that one of the two resistance estimates always gives a reasonable estimate of the resistance

    Implicit yield function formulation for granular and rock-like materials

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    The constitutive modelling of granular, porous and quasi-brittle materials is based on yield (or damage) functions, which may exhibit features (for instance, lack of convexity, or branches where the values go to infinity, or false elastic domains) preventing the use of efficient return-mapping integration schemes. This problem is solved by proposing a general construction strategy to define an implicitly defined convex yield function starting from any convex yield surface. Based on this implicit definition of the yield function, a return-mapping integration scheme is implemented and tested for elastic-plastic (or -damaging) rate equations. The scheme is general and, although it introduces a numerical cost when compared to situations where the scheme is not needed, is demonstrated to perform correctly and accurately.Comment: 19 page
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