Slow modes in Keplerian disks

Low-mass disks orbiting a massive body can support "slow" normal modes, in which the eigenfrequency is much less than the orbital frequency. Slow modes are lopsided, i.e., the azimuthal wavenumber m=1. We investigate the properties of slow modes, using softened self-gravity as a simple model for collective effects in the disk. We employ both the WKB approximation and numerical solutions of the linear eigenvalue equation. We find that all slow modes are stable. Discrete slow modes can be divided into two types, which we label g-modes and p-modes. The g-modes involve long leading and long trailing waves, have properties determined by the self-gravity of the disk, and are only present in narrow rings or in disks where the precession rate is dominated by an external potential. In contrast, the properties of p-modes are determined by the interplay of self-gravity and other collective effects. P-modes involve both long and short waves, and in the WKB approximation appear in degenerate leading/trailing pairs. Disks support a finite number---sometimes zero---of discrete slow modes, and a continuum of singular modes.Comment: 32 pages, 12 figures. To be published in Astronomical Journa

Electrical self-aligning connector

A self-aligning electrical connector device includes a receptacle component having a conically contoured interior and a plug component having a correspondingly contoured conical body receivable in the receptacle component. The plug component has a number of spaced conductive ring elements with a mating face and the receptacle component includes corresponding spaced conductive ring elements providing mating interface with the mating face of the ring elements of the plug component when connected to it. Each ring element of the receptacle component has several segmented portions which defect downwardly when the plug component is inserted. A biasing force is asserted against the face of the ring elements of the plug component providing positive electrical contact and connection between the ring elements of the components

Spatial and Temporal Analysis of the Morphological and Land use Characteristics of the Buffalo River Watershed

The Buffalo River was established by Congress iQ. 1972 as the first National River in the United States. The Buffalo River, which originates in the higher elevations of the Boston Mountains in Newton County, is one of the few remaining free-flowing streams in Arkansas. It is considered to be one of Arkansas\u27 greatest natural treasures, and thus, there is strong interest in protecting it from anthropogenic influences. An initial characterization of the soil taxonomic units, watershed boundaries, topography and physiographic units in the Buffalo River Watershed was presented by Scott and Smith (1994). The spatial distribution of the geologic units in the watershed was presented by Hofer et al. (1995)

Orthotropic cyclic stress-softening model for pure shear during repeated loading and unloading

We derive an orthotropic model to describe the cyclic stress softening of a carbon-filled rubber vulcanizate through multiple stress-strain cycles with increasing values of the maximum strain. We specialize the deformation to pure shear loading. As a result of strain-induced anisotropy following on from initial primary loading, the material may subsequently be described as orthotropic because in pure shear there are three different principal stretches so that the strain-induced anisotropy of the stress response is different in each of these three directions. We derive non-linear orthotropic models for the elastic response, stress relaxation and residual strain to model accurately the inelastic features associated with cyclic stress softening. We then develop an orthotropic version of the Arruda-Boyce eight-chain model of elasticity and then combine it with the ideas previously developed in this paper to produce an orthotropic constitutive relation for the cyclic stress softening of a carbon-filled rubber vulcanizate. The model developed here includes the widely occurring effects of hysteresis, stress-relaxation and residual strain. The model is found to compare well with experimental data

THE EFFECTS OF FUTURES TRADING BY LARGE HEDGE FUNDS AND CTAS ON MARKET VOLATILITY

This study uses the newly available data from the CFTC to investigate the market impact of futures trading by large hedge funds and CTAs. Regression results show that there is a positive relationship between the trading volume of large hedge funds and CTAs and market volatility. However, a positive relationship between hedge fund and CTA trading volume and market volatility is consistent with either a private information or noise trader hypothesis. Three additional tests are conducted to distinguish between the private information hypothesis and the noise trader hypothesis. The first test consisted of identifying the noise component exhibited in return variances over different holding periods. The variance ratio tests provide little support for the noise trader hypothesis. The second test examined whether positive feedback trading characterized large hedge fund and CTA trading behavior. These results suggest that trading decisions by large hedge funds and CTAs, although influenced in small part by past price changes, are not driven by past price changes. The third test consists of estimating the profits and losses associated with the open interest positions of large hedge funds and CTAs. This test is based on the argument that speculative trading can only be destabilizing if speculators buy when prices are high and sell when prices are low, which in turn, implies that destabilizing speculators lose money. Across all thirteen markets, the profit for large hedge funds and CTAs is estimated to be just under $400 million. This implies that the trading decisions are likely based on valuable private information. Overall, the evidence presented in this study suggests trading by large hedge funds and CTAs is based on private fundamental information. These findings imply large hedge funds and CTAs benefit market efficiency by bringing valuable, fundamental information to the market through their trading.hedge fund, commodity trading advisor, volatility, market efficiency, futures markets, Marketing,

Market Efficiency and Marketing to Enhance Income of Crop Producers

Recent changes in farm policy have renewed interest in using marketing strategies based on futures and options markets to enhance the income of field crop producers. This article reviews the literature surrounding the dominant academic theory of the behavior of futures and options markets, the efficient market hypothesis. The following conclusion is reached: while individuals can beat the market, few can consistently do so. This conclusion is consistent with Grossman and Stiglitz's model of market efficiency in which individuals who consistently earn trading returns have superior access to information or superior analytical ability. One implication is that, with few exceptions, the crop producers who survive will be those with the lowest cost of production since efforts to improve revenue through better marketing will have limited success. There do appear to be some successful marketing strategies. One is to base storage decisions on when a producer harvests the crop relative to the national harvest of the crop. Another is to base storage decisions on whether the current basis exceeds the cost of storage, and then to use hedging to assure an expected positive return.Market Efficiency, marketing strategies, futures, options