Irreversible Investment and Optimal Fisheries Management: A Stochastic Analysis

In recent years, attention has been devoted to fishery management problems that arise because capital embodied in fishing fleets is often nonmalleable. having few if any alternative uses. This problem of irreversible investment was analyzed by Clark et al. (1979), using a deterministic model. In reality, however, most investment decisions must be made within an uncertain environment. This paper describes recent efforts to account for uncertainty in analyzing the problem of optimal fishery investment, where the uncertainty is caused by stochastic variability in the resource stock from year to year.Environmental Economics and Policy, International Development, Resource /Energy Economics and Policy, Risk and Uncertainty,

Contamination assessment for OSSA space station IOC payloads

The results are presented from a study for the Space Station Planners Group of the Office of Space Sciences and Applications. The objectives of the study are: (1) the development of contamination protection requirements for protection of Space Station attached payloads, serviced payloads and platforms; and (2) the determination of unknowns or major impacts requiring further assessment. The nature, sources, and quantitative properties of the external contaminants to be encountered on the Station are summarized. The OSSA payload contamination protection requirements provided by the payload program managers are reviewed and the level of contamination awareness among them is discussed. Preparation of revisions to the contamination protection requirements are detailed. The comparative impact of flying the Station at constant atmospheric density rather than constant altitude is assessed. The impact of the transverse boom configuration of the Station on contamination is also assessed. The contamination protection guidelines which OSSA should enforce during their development of payloads are summarized

Diversity in Retirement Wealth Accumulation

Examines household wealth by source, such as Social Security, home equity, savings, and defined benefit pensions; how their savings build up with age; and how total wealth accumulations vary by income, education, and race/ethnicity. Explores implications

Midcourse maneuver operations program

Midcourse Maneuver Operations Program /MMOP/ computes the required velocity change to correct a spacecraft trajectory. The program establishes the existence of maneuvers which satisfy spacecraft constraints, explores alternate trajectories in the event that some out-of-tolerance condition forces a change in plans, and codes the maneuvers into commands

Magnetorotational-type instability in Couette-Taylor flow of a viscoelastic polymer liquid

We describe an instability of viscoelastic Couette-Taylor flow that is directly analogous to the magnetorotational instability (MRI) in astrophysical magnetohydrodynamics, with polymer molecules playing the role of magnetic field lines. By determining the conditions required for the onset of instability and the properties of the preferred modes, we distinguish it from the centrifugal and elastic instabilities studied previously. Experimental demonstration and investigation should be much easier for the viscoelastic instability than for the MRI in a liquid metal. The analogy holds with the case of a predominantly toroidal magnetic field such as is expected in an accretion disk and it may be possible to access a turbulent regime in which many modes are unstable.Comment: 4 pages, 4 figures, to be published in Physical Review Letter

High multipole transitions in NIXS: valence and hybridization in 4f systems

Momentum-transfer (q) dependent non-resonant inelastic x-ray scattering measurements were made at the N4,5 edges for several rare earth compounds. With increasing q, giant dipole resonances diminish, to be replaced by strong multiplet lines at lower energy transfer. These multiplets result from two different orders of multipole scattering and are distinct for systems with simple 4f^0 and 4f^1 initial states. A many-body theoretical treatment of the multiplets agrees well with the experimental data on ionic La and Ce phosphate reference compounds. Comparing measurements on CeO2 and CeRh3 to the theory and the phosphates indicates sensitivity to hybridization as observed by a broadening of 4f^0-related multiplet features. We expect such strong, nondipole features to be generic for NIXS from f-electron systems

Enhanced Molecular Orientation Induced by Molecular Anti-Alignment

We explore the role of laser induced anti-alignment in enhancing molecular orientation. A field-free enhanced orientation via anti-alignment scheme is presented, which combines a linearly polarized femtosecond laser pulse with a half-cycle pulse. The laser pulse induces transient anti-alignment in the plane orthogonal to the field polarization, while the half-cycle pulse leads to the orientation. We identify two qualitatively different enhancement mechanisms depending on the pulse order, and optimize their effects using classical and quantum models both at zero and non-zero temperature

Cytomegalovirus infection of the upper gastrointestinal tract following liver transplantation—incidence, location, and severity in cyclosporine- and FK506-treated patients

One hundred and forty randomly selected liver transplant recipients were studied before and after primary orthotopic liver transplantation for the presence or absence of CMV enteritis. Following OLTx, 65 patients were treated with cyclosporine A and 75 were treated with FK506. The two groups were similar with regard to the incidence, location, and outcome of their upper gastrointestinal CMV infection. Prior to OLTx, only one patient had evidence of enteric CMV infection. The incidence of CMV enteritis post-OLTx was 27.7% in the CsA-treated group and 20% in the FK-treated group. During the first posttransplant month, no patient in the FK-treated group developed CMV enteritis, compared with 11.5% of the patients who were treated with CsA (P<0.05). Gastric CMV was found in over 80% of those positive for any organ in either group. In addition to CMV infection of the upper gastrointestinal tract, clinically evident CMV disease involved more nonenteric organs in the CsA-treated group than in the FK-treated group. In the CsA-treated group, CMV-negative patients had a statistically higher 1-year survival rate (100%) than CMV-positive patients (77.8%) (P<0.05). In the FK-treated group, no difference in survival was observed between CMV-positive or CMV-negative cases at 1 year. Of the patients on CsA, 20% received OKT3 for persistent rejection, as compared with 13% in the FK-treated group. The patients receiving both CsA and OKT3 had a higher rate of upper gastrointestinal CMV infection than did FK-treated patients who also received OKT3 therapy (38.5% versus 20%, respectively). Based upon these data, it can be concluded that (1) patients receiving FK have a lower incidence of enteric CMV infection; (2) following OLTx, upper gastrointestinal CMV infection presents later in FK-treated patients; (3) the stomach is the most frequently involved organ in the UGIT; (4) FK-treated liver recipients have less severe enteric CMV infection than do CsA-treated patients; (5) enteric CMV is not a major cause of mortality in liver trans lant recipients; and (6) in patients receiving FK, those who require OKT3 therapy do not appear to be at a greater risk for the development of CMV enteritis than those who do not. © 1992 by Williams & Wilkins