9,156 research outputs found
Concept for passive system to control gas flow independently of temperature
Volumetric flow rate of gas is maintained at a constant value independent of temperature by passing the gas through a parallel or series combination of turbulent flow and laminar flow restrictors. By proper combination of restrictors, the flow rate may be automatically made to vary as an increasing or decreasing function of temperature
The Effects of Hurricane Katrina on Corn, Wheat and Soybean Futures Prices and Basis
Hurricane Katrina caused considerable damage to transportation infrastructure, grain export facilities, and to some crop areas in 2005. Assuming that financial market participants considered the disruption of the grain transportation system by Katrina as having an important impact on fundamental supply and demand factors, futures and/or national basis would subsequently adjust. The objective of this research was to determine the reaction in corn, wheat, and soybean futures and basis due to Katrina using an event study methodology. One parametric (Constant mean return) and one nonparametric procedure (Corrado's rank test) were used to define whether there were statistically significant abnormal returns. During Katrina abnormal returns were larger on the wheat futures market than on the corn and soybean futures markets, which could be partially explained by the timing of the Katrina's landfall with the grain export activities. However, there were only a few statistically significant daily abnormal returns in the futures prices due to the hurricane. There was some evidence of significant cumulative abnormal returns in the corn and wheat futures markets prior to and surrounding the Katrina's landfall. In conclusion, the majority of the corn market reaction to Katrina's damage occurred in the basis and not in the futures market. For the soybean market there was weak evidence of significant reaction in both basis and futures prices. In the case of wheat, the basis was not evaluated and wheat futures prices reacted to the disruption caused by Katrina. The reaction in the corn, wheat and soybean futures prices due to Katrina could have being moderated by the presence of large stocks and large expected production levels of these grains in 2005 or simply by the fact that the damage caused by the hurricane did not affect fundamental supply and demand factors; rather, they only affected transportation logistics.Marketing,
A critical appraisal of ATLAS9 and NextGen 5 model atmospheres
The fitting atmosphere parameters (Teff, g, and [Fe/H]) for over 300 stars in
the Gunn & Striker and Jacoby et al. catalogs have been obtained relying on the
Kurucz (1992) ATLAS9 and Hauschildt et al (1999) NextGen5 synthesis models. The
output results are compared, and a critical appraisal of both theoretical codes
is performed.Comment: 2 pages, 2 figures; proceedings of "New Quests in Stellar
Astrophysics: The link between Stars and Cosmology", 26-30 March, 2001,
Puerto Vallarta, Mexico, eds. M. Chavez, A. Bressan, A. Buzzoni & D. Mayya,
to be published by the Kluwer Academic Publisher
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