RISK BALANCING USING FARM LEVEL DATA: AN ECONOMETRIC ANALYSIS

In the paper, an econometric model is proposed to test the risk balancing hypothesis using farm level data. For the purpose, a constraint on expected utility maximization with respect to farm financial structure is given. Cluster method is applied to pick out the farms on the efficient frontier under expected utility maximization given risk attitude and actual interest rate. Regression results are given and compared to previous findings. Farm characteristics associated with the risk behaviors of farms with optimal utility are identified and compared with other farms.Risk and Uncertainty,

Mathematical modelling and experimental validation of electrostatic sensors for rotational speed measurement

Recent research has demonstrated that electrostatic sensors can be applied to the measurement of rotational speed with excellent repeatability and accuracy under a range of conditions. However, the sensing mechanism and fundamental characteristics of the electrostatic sensors are still largely unknown and hence the design of the sensors is not optimised for rotational speed measurement. This paper presents the mathematical modelling of strip electrostatic sensors for rotational speed measurement and associated experimental studies for the validation of the modelling results. In the modelling, an ideal point charge on the surface of the rotating object is regarded as an impulse input to the sensing system. The fundamental characteristics of the sensor, including spatial sensitivity, spatial filtering length and signal bandwidth, are quantified from the developed model. The effects of the geometric dimensions of the electrode, the distance between the electrode and the rotor surface and the rotational speed being measured on the performance of the sensor are analyzed. A close agreement between the modelling results and experimental measurements has been observed under a range of conditions. Optimal design of the electrostatic sensor for a given rotor size is suggested and discussed in accordance with the modelling and experimental results

Evolution of shear-induced melting in dusty plasma

The spatiotemporal development of melting is studied experimentally in a 2D dusty plasma suspension. Starting with an ordered lattice, and then suddenly applying localized shear, a pair of counter-propagating flow regions develop. A transition between two melting stages is observed before a steady state is reached. Melting spreads with a front that propagates at the transverse sound speed. Unexpectedly, coherent longitudinal waves are excited in the flow region.Comment: 5 pages text, 3 figures, in press Physical Review Letters 2010

Controlled quantum teleportation and secure direct communication

We present a controlled quantum teleportation protocol. In the protocol, quantum information of an unknown state of a 2-level particle is faithfully transmitted from a sender (Alice) to a remote receiver (Bob) via an initially shared triplet of entangled particles under the control of the supervisor Charlie. The distributed entangled particles shared by Alice, Bob and Charlie function as a quantum information channel for faithful transmission. We also propose a controlled and secure direct communication scheme by means of this teleportation. After insuring the security of the quantum channel, Alice encodes the secret message directly on a sequence of particle states and transmits them to Bob supervised by Charlie using this controlled quantum teleportation. Bob can read out the encoded message directly by the measurement on his qubit. In this scheme, the controlled quantum teleportation transmits Alice's message without revealing any information to a potential eavesdropper. Because there is not a transmission of the qubit carrying the secret message between Alice and Bob in the public channel, it is completely secure for controlled and direct secret communication if perfect quantum channel is used. The feature of this scheme is that the communication between two sides depends on the agreement of the third side.Comment: 4 page