Capital Budgeting Evaluation Practices of Building Contractors in Hong Kong

This paper reports the results of an investigation into capital budgeting evaluation practicesin the construction industry of Hong Kong. The aim of this study was to identify thepopularity and extent of usage of various techniques for capital budget evaluation, investmentappraisal, risk analysis, and management science. The current study was comparedwith a similar survey conducted in 1994 to establish the changes in the capital budgetingevaluation practices of contracting firms over time. The results indicate that there was ageneral increase in the popularity and extent of usage in certain capital budget evaluationtechniques such as “best/worst estimate” and “formal financial evaluation”. In addition,the evaluation techniques examined were fitted into a discriminant function analysis (DFA),and a model has been developed which allows contracting firms to be classified accordingto their predominant characteristics in capital budget evaluation

Statistics of extremal intensities for Gaussian interfaces

The extremal Fourier intensities are studied for stationary Edwards-Wilkinson-type, Gaussian, interfaces with power-law dispersion. We calculate the probability distribution of the maximal intensity and find that, generically, it does not coincide with the distribution of the integrated power spectrum (i.e. roughness of the surface), nor does it obey any of the known extreme statistics limit distributions. The Fisher-Tippett-Gumbel limit distribution is, however, recovered in three cases: (i) in the non-dispersive (white noise) limit, (ii) for high dimensions, and (iii) when only short-wavelength modes are kept. In the last two cases the limit distribution emerges in novel scenarios.Comment: 15 pages, including 7 ps figure

Education in IT Security: A Case Study in Banking Industry

The banking industry has been changing incessantlyand facing new combination of risks. Data protection andcorporate security is now one of the major issues in bankingindustry. As the rapid changing on technologies from time totime, the industry should be aware on new technologies in orderto protect information assets and prevent fraud activities. Thispaper begins with literature study of information security issuesand followed by focused-group interviews with five participantswithin the industry and survey analysis of “The global state ofInformation Security survey 2013” which published byPriceWaterhouseCoopers (PWC). Trends and questions werediscussed as well as possible solution. The study suggests that ITsecurity education should be made to different level of staffs suchas executives, professional and general staffs. Besides, thebanking industry should increase company-wide securityawareness and the importance of corporate security which keepthe information and physical assets secure and in a proper way

Machine Learning in Automated Text Categorization

The automated categorization (or classification) of texts into predefined categories has witnessed a booming interest in the last ten years, due to the increased availability of documents in digital form and the ensuing need to organize them. In the research community the dominant approach to this problem is based on machine learning techniques: a general inductive process automatically builds a classifier by learning, from a set of preclassified documents, the characteristics of the categories. The advantages of this approach over the knowledge engineering approach (consisting in the manual definition of a classifier by domain experts) are a very good effectiveness, considerable savings in terms of expert manpower, and straightforward portability to different domains. This survey discusses the main approaches to text categorization that fall within the machine learning paradigm. We will discuss in detail issues pertaining to three different problems, namely document representation, classifier construction, and classifier evaluation.Comment: Accepted for publication on ACM Computing Survey

Acute renal impairment in coronavirus-associated severe acute respiratory syndrome

Acute renal impairment in coronavirus-associated severe acute respiratory syndrome.BackgroundSevere acute respiratory syndrome (SARS) is a newly emerged infection from a novel coronavirus (SARS-CoV). Apart from fever and respiratory complications, acute renal impairment has been observed in some patients with SARS. Herein, we describe the clinical, pathologic, and laboratory features of the acute renal impairment complicating this new viral infection.MethodsWe conducted a retrospective analysis of the plasma creatinine concentration and other clinical parameters of the 536 SARS patients with normal plasma creatinine at first clinical presentation, admitted to two regional hospitals following a major outbreak in Hong Kong in March 2003. Kidney tissues from seven other patients with postmortem examinations were studied by light microscopy and electron microscopy.ResultsAmong these 536 patients with SARS, 36 (6.7%) developed acute renal impairment occurring at a median duration of 20 days (range 5–48 days) after the onset of viral infection despite a normal plasma creatinine level at first clinical presentation. The acute renal impairment reflected the different prerenal and renal factors that exerted renal insult occurring in the context of multiorgan failure. Eventually, 33 SARS patients (91.7%) with acute renal impairment died. The mortality rate was significantly higher among patients with SARS and acute renal impairment compared with those with SARS and no renal impairment (91.7% vs. 8.8%) (P < 0.0001). Renal tissues revealed predominantly acute tubular necrosis with no evidence of glomerular pathology. The adjusted relative risk of mortality associated with the development of acute renal impairment was 4.057 (P < 0.001). By multivariate analysis, acute respiratory distress syndrome and age were the most significant independent risk factors predicting the development of acute renal impairment in SARS.ConclusionAcute renal impairment is uncommon in SARS but carries a high mortality. The acute renal impairment is likely to be related to multi-organ failure rather than the kidney tropism of the virus. The development of acute renal impairment is an important negative prognostic indicator for survival with SARS

Majorana phases and leptogenesis in see-saw models with A(4) symmetry

The related issues of Majorana CP violation in the lepton sector and leptogenesis are investigated in detail in two rather generic supersymmetric models with type I see-saw mechanism of neutrino mass generation and A(4) flavour symmetry, which naturally lead at leading order to tri-bimaximal neutrino mixing. The neutrino sector in this class of models is described at leading order by just two real parameters and one phase. This leads, in particular, to significant low energy constraints on the Majorana phases alpha(21) and alpha(31) in the PMNS matrix, which play the role of leptogenesis CP violating parameters in the generation of the baryon asymmetry of the Universe. We find that it is possible to generate the correct size and sign of the baryon asymmetry in both A(4) models. The sign of the baryon asymmetry is directly related to the signs of sin alpha(21) and/or sin alpha(31)

U_{PMNS} = U_ell^dagger U_nu

We consider corrections to vanishing U_{e3} and maximal atmospheric neutrino mixing originating from the relation U = U_ell^dagger U_nu, where U is the PMNS mixing matrix and U_ell (U_nu) is associated with the diagonalization of the charged lepton (neutrino) mass matrix. We assume that in the limit of U_ell or U_nu being the unit matrix, one has U_{e3} = 0 and theta_{23} = pi/4, while the solar neutrino mixing angle is a free parameter. Well-known special cases of the indicated scenario are the bimaximal and tri-bimaximal mixing schemes. If U_{e3} \neq 0 and theta_{23} \neq pi/4 due to corrections from the charged leptons, |U_{e3}| can be sizable (close to the existing upper limit) and we find that the value of the solar neutrino mixing angle is linked to the magnitude of CP violation in neutrino oscillations. In the alternative case of the neutrino sector correcting U_{e3} = 0 and theta_{23} = pi/4, we obtain a generically smaller |U_{e3}| than in the first case. Now the magnitude of CP violation in neutrino oscillations is connected to the value of the atmospheric neutrino mixing angle theta_{23}. We find that both cases are in agreement with present observations. We also introduce parametrization independent "sum-rules" for the oscillation parameters.Comment: 19 pages, 3 figures. Comments and references adde

Genome-wide meta-analyses reveal novel loci for verbal short-term memory and learning

Understanding the genomic basis of memory processes may help in combating neurodegenerative disorders. Hence, we examined the associations of common genetic variants with verbal short-term memory and verbal learning in adults without dementia or stroke (N = 53,637). We identified novel loci in the intronic region of CDH18, and at 13q21 and 3p21.1, as well as an expected signal in the APOE/APOC1/TOMM40 region. These results replicated in an independent sample. Functional and bioinformatic analyses supported many of these loci and further implicated POC1. We showed that polygenic score for verbal learning associated with brain activation in right parieto-occipital region during working memory task. Finally, we showed genetic correlations of these memory traits with several neurocognitive and health outcomes. Our findings suggest a role of several genomic loci in verbal memory processes

Search for gravitational waves from Scorpius X-1 in the second Advanced LIGO observing run with an improved hidden Markov model

We present results from a semicoherent search for continuous gravitational waves from the low-mass x-ray binary Scorpius X-1, using a hidden Markov model (HMM) to track spin wandering. This search improves on previous HMM-based searches of LIGO data by using an improved frequency domain matched filter, the J-statistic, and by analyzing data from Advanced LIGO's second observing run. In the frequency range searched, from 60 to 650 Hz, we find no evidence of gravitational radiation. At 194.6 Hz, the most sensitive search frequency, we report an upper limit on gravitational wave strain (at 95% confidence) of h095%=3.47×10-25 when marginalizing over source inclination angle. This is the most sensitive search for Scorpius X-1, to date, that is specifically designed to be robust in the presence of spin wandering. © 2019 American Physical Society

Erratum: "A Gravitational-wave Measurement of the Hubble Constant Following the Second Observing Run of Advanced LIGO and Virgo" (2021, ApJ, 909, 218)

[no abstract available