Supervisory Efficiency and Collusion in a Multiple-Agent Hierarchy

We analyze a principal-supervisor-two-agent hierarchy with inefficient supervision. The su-pervisor may collects a wrong signal on each agent’s unobservable effort level. When reportingto the principal, the supervisor can collude with one or both agents to manipulate the signalin exchange for a bribe. In contract design, we identify a new trade-off between the loss fromsupervisor-agent collusion and the risk from inefficient supervision: Although allowing collu-sion makes shirking more attractive to the agents, it brings in a benefit because it can “correct”an incorrect negative signal when the agent has exerted effort. Such collusive supervision savesrisk premiums that the principal has to pay for incentive provision. We characterize the princi-pal’s optimal contract choice among no-supervision, collusion-proof, and collusive-supervisioncontracts. We show that the collusive-supervision contract dominates when the supervisory ef-ficiency is at an intermediate level

Magnetophoresis of nonmagnetic particles in ferrofluids

Ferrofluids containing nonmagnetic particles are called inverse ferrofluids. On the basis of the Ewald-Kornfeld formulation and the Maxwell-Garnett theory, we theoretically investigate the magnetophoretic force exerting on the nonmagnetic particles in inverse ferrofluids due to the presence of a nonuniform magnetic field, by taking into account the structural transition and long-range interaction. We numerically demonstrate that the force can be adjusted by choosing appropriate lattices, volume fractions, geometric shapes, and conductivities of the nonmagnetic particles, as well as frequencies of external magnetic fields.Comment: 24 pages, 7 figure

Behavior of axially loaded circular stainless steel tube confined concrete stub columns

A stainless steel tube confined concrete (SSTCC) stub column is a new form of steel-concrete composite column in which the stainless steel tube without bearing the axial load directly is used to confine the core concrete. It could take the advantages of both the stainless steel tube and the confined concrete columns. This paper presents the experimental investigation of circular SSTCC stub columns subjected to axial load. Meanwhile, comparative tests of the circular concrete-filled stainless steel tubes and circular hollow stainless steel tubes were also conducted. The experimental phenomena of specimens are introduced in detail and the experimental results are analyzed. Through the investigation of axial stress and circumference stress on the stainless steel tube, the interaction behavior between stainless steel tube and core concrete is studied. The experimental results showed that the stainless steel tube provides better confinement to the concrete core, thus results the compressive capacity increased obviously comparing with unconfined concrete. The load-carrying capacity of SSTCC stub columns is higher than that of concrete-filled stainless steel tubes. An equation to calculate the load-carrying capacity of SSTCC stub columns was proposed, the results based on calculation are close to the experimental results

The molecular gas in the supernova remnant IC443

Although a few highly perturbed regions characterized by gas motions with velocities larger than 20 km/s have been discovered during the last several years in the supernova remnant (SNR) IC 443, the nature of these perturbed clumps and their relationship to the quiescent molecular gas near the SNR remains unknown. In part, this is due to a lack of large-scale, high angular resolution observations. Therefore, a systematic survey of this SNR in the CO (J=1 yields 0) line has been conducted, covering a roughly 50' x 50' region spaced by 2'. The observations were made with the 14 m telescope of the Five College Radio Astronomy Observatory (FCRAO), which has a resolution of 45" and a single sideband receiver temperature of 200 K at 2.6 mm wavelength. Five new clumps were discovered, bringing the total number of known perturbed regions to eight. To study the physical structure of these clumps in more detail, more complete maps of the clumps have been made in both the CO(J=1 yields 0) and (J=2 yields 1) transitions with the FCRAO telescope. These maps show that the extent of perturbed gas in a typical clump is several arcmin, or a few pc at a distance of 1.5 kpc

Leader-follower Game in VMI System with Limited Production Capacity Considering Wholesale and Retail Prices

VMI (Vendor Managed Inventory) is a widely used cooperative inventory policy in supply chains in which each enterprise has its autonomy in pricing. This paper discusses a leader-follower Stackelberg game in a VMI supply chain where the manufacturer, as a leader, produces a single product with a limited production capacity and delivers it at a wholesale price to multiple different retailers, as the followers, who then sell the product in dispersed and independent markets at retail prices. An algorithm is then developed to determine the equilibrium of the Stackelberg game. Finally, a numerical study is conducted to understand the influence of the Stackelberg equilibrium and market related parameters on the profits of the manufacturer and its retailers. Through the numerical example, our research demonstrates that: (a) the market related parameters have significant influence on the manufacturer’ and its retailers’ profits; (b) a retailer’s profit may not be necessarily lowered when it is charged with a higher inventory cost by the manufacturer; (c) the equilibrium of the Stackelberg equilibrium benefits the manufacturer.Stackelberg Game;Supply Chain;Vendor Managed Inventory