No-arbitrage condition and existence of equilibrium with dividends

In this paper we first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers.We then introduce a no-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends.equilibrium with dividends, economy with possibly satiated consumers, no-arbitrage condition

No-arbitrage condition and existence of equilibrium with dividends

International audienceIn this paper we first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers.We then introduce a no-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends

IMPROVING PROFITABILITY OF INTEGRATED RICE-SHRIMP FARMING IN BRACKISH AREA: A CASE STUDY OF MEKONG DELTA, VIETNAM

Rotation between rice and shrimp farming by way of filter ponds and diversification of farm activities was studied with the aims of testing the efficiency of filter ponds and evaluating the combination of incorporating the growing of upland-crops on dikes of rice fields. Three groups of farmers participated in study trials which were the pilot group used a filter pond and applied new methods, the control group had a filter pond and applied the recommended new methods, and the normal practice (control) group not having a filter pond. Results showed that the rice-shrimp farming system using a filter pond improved water quality (pH, alkalinity and salinity) and reduced input costs. Growing upland crops on the dikes had a high financial return; though for both vegetables and the grass for the dairy cows will strongly depend on the market. On one hectare of land, farmers using a filter pond for rice-shrimp farming combined with upland-crops had a higher economic return than the traditional rice-shrimp farming system (2,812 compared with 854 USD/ha/year). However, implementing this model requires farmers to build filter ponds to aid freshwater storage, proper management skills and family labour resources. Diversification of farm activities such as integrated rice-shrimp culture may be a strategy for farmers for adapting to the impacts of climate change such as extreme weather events, less rain and saltwater intrusion

Examination of influential factors on shear strength of externally bonded FRP reinforcement in RC beams

The fiber-reinforced polymer (FRP) retrofitting technique has been increasingly created to enhance the capacity of the existing concrete members. In this study, the shear contribution of the external FRP strengthening system in the reinforced concrete (RC) beams is estimated by the semi-empirical models available in the open literatures and guidelines. Number of beams monitored in the previous studies are first considered to assess the reliability of the models. Afterwards, the investigation of influential factors such as the beam configurations, the strengthening characteristics and the material properties are implemented. With high accuracy and low coefficient of variation, the model proposed in a previous study of the authors gains the mostly considerable estimation for the shear resisting strength of FRP strengthening system compared to the accessible data base from the experiments. In addition, the critical properties of the materials associating with the retrofitting systems for the strengthened beams are investigated to obtain the acquired shear performance

Examination of influential factors on shear strength of externally bonded FRP reinforcement in RC beams

The fiber-reinforced polymer (FRP) retrofitting technique has been increasingly created to enhance the capacity of the existing concrete members. In this study, the shear contribution of the external FRP strengthening system in the reinforced concrete (RC) beams is estimated by the semi-empirical models available in the open literatures and guidelines. Number of beams monitored in the previous studies are first considered to assess the reliability of the models. Afterwards, the investigation of influential factors such as the beam configurations, the strengthening characteristics and the material properties are implemented. With high accuracy and low coefficient of variation, the model proposed in a previous study of the authors gains the mostly considerable estimation for the shear resisting strength of FRP strengthening system compared to the accessible data base from the experiments. In addition, the critical properties of the materials associating with the retrofitting systems for the strengthened beams are investigated to obtain the acquired shear performance

Relationship between temperature, temperature-humidity index and amount of food intake of Sheep

This study aimed to identify the relationship between temperature, temperature-humidity index (THI), and the amount of dry matter food intake (DMI) by sheep. Twelve Phan Rang (Ninh Thuan province) sheep belonging to three age groups of 6, 9, and 12 months (4 heads of each age group) raised in Thua Thien Hue province were fed with natural grass for two seasons: hot season (April-August) and cold season (November-February). Daily temperature, humidity, and food intake were recorded. The results of the study revealed that temperature and THI were closely correlated (P<0.05) with the amount of food intake by sheep. When the temperature was in the range of 29.5°C to 32.5°C and increased by 1ο C, the DMI of sheep decreased by 14.7 g/BW/day. When the value of THI was more than 28.5 and rose by 1°C, the DMI of sheep decreased by 16.2 g/BW/day

Optimization of Rough Self-Propelled Rotary Turning Parameters in terms of Total Energy Consumption and Surface Roughness

The self-propelled rotary tool turning (SPRT) process is an economic and effective solution for machining difficult-to-cut materials. This work optimized SPRT parameters, including the inclination angle (A), depth of cut (D), feed rate (f), and turning speed (V) to decrease the total energy consumption (TE) and surface roughness (SR). The turning experiments of the hardened AISI 4150 steel were executed to obtain the experimental data, while the regression method was applied to develop the TE and SR correlations. The entropy method and quantum-behaved particle swarm optimization (QPSO) were utilized to select the weights and optimal factors. The results indicated that the optimal A, D, f, and V were 34 deg., 0.40 mm, 0.47 mm/rev., and 177 m/min, respectively, while the TE and SR were saved by 9.7% and 35.4%, respectively. The f and V were found to be the most effective parameters, followed by the D and A. The outcomes provide valuable data to determine optimal SPRT factors for minimizing energy consumption and maximizing machining quality.The optimizing technique could be applied to solve other issues for different SPRT operations

DEVELOPMENT AND EVALUATION OF ORAL SUSTAINED-RELEASE RANITIDINE DELIVERY SYSTEM BASED ON BACTERIAL NANOCELLULOSE MATERIAL PRODUCED BY KOMAGATAEIBACTER XYLINUS

Objective: The short biological half-life (2-3 h) and low bioavailability (50 %) of ranitidine (RAN) following oral administration favor the development of a controlled release system. This study was aimed to develop and in vitro evaluate oral sustained-release RAN delivery system based on the bacterial nanocellulose material (BNM) produced by Komagataeibacter xylinus (K. xylinus) from selected culture media. Methods: BNMs are biosynthesized by K. xylinus in the standard medium (SM) and coconut water (CW). RAN was loaded in BNMs by the absorption method. The structural and physicochemical properties of BNMs and BNMs-RAN were evaluated via swelling behavior, FTIR, and FESEM techniques. Moreover, the effect of BNMs on RAN release profile and release kinetics was analyzed and evaluated. Results: The amount of loaded RAN or entrapment efficacy for BNM-CW is higher than for BNM-SM. The BNM-SM-RAN and BNM-CW-RAN exhibited a decreased initial burst release system followed by a prolonged RAN release up to 24 h in relation to the commercial tablets containing RAN. The RAN release from these formulations was found higher in the SGF medium than that of in SIF medium. RAN released from these formulations was found to follow the Korsmeyer-Peppas model and diffusion sustained drug release mechanism. The sustained release of RAN from BNM-SM-RAN was slower than for RAN from BNM-CW-RAN, but the mechanism of sustained RAN release was the same. Conclusion: Oral sustained-release RAN delivery system based on BNMs was successfully prepared and evaluated for various in vitro parameters. The biopolymers like BNM-SM and BNM-CW could be utilized to develop oral sustained RAN release dosage form