Risk Without Return

Risk-only investment strategies have been growing in popularity as traditional in- vestment strategies have fallen short of return targets over the last decade. However, risk-based investors should be aware of four things. First, theoretical considerations and empirical studies show that apparently dictinct risk-based investment strategies are manifestations of a single effect. Second, turnover and associated transaction costs can be a substantial drag on return. Third, capital diversification benefits may be reduced. Fourth, there is an apparent connection between performance and risk diversification. To analyze risk diversification benefits in a consistent way, we introduce the Risk Diversification Index (RDI) which measures risk concentrations and complements the Herfindahl-Herschman Index (HHI) for capital concentrations

Cryptanalysis of two mutual authentication protocols for low-cost RFID

Radio Frequency Identification (RFID) is appearing as a favorite technology for automated identification, which can be widely applied to many applications such as e-passport, supply chain management and ticketing. However, researchers have found many security and privacy problems along RFID technology. In recent years, many researchers are interested in RFID authentication protocols and their security flaws. In this paper, we analyze two of the newest RFID authentication protocols which proposed by Fu et al. and Li et al. from several security viewpoints. We present different attacks such as desynchronization attack and privacy analysis over these protocols.Comment: 17 pages, 2 figures, 1 table, International Journal of Distributed and Parallel system

Preparation of proton exchange membrane by radiation-induced grafting method : Grafting of styrene onto poly(ethylene tetrafluoroethylene) copolymer films

Radiation induced grafting of styrene onto poly(ethylene-tetrafluoroethylene) (ETFE) copolymer film was carried out to prepare graft copolymer (ETFE-g-polystyrene) that can host sulfonic acid groups and form proton exchange membrane for polymer electrolyte fuel cell (PEFC). The effect of monomer concentration and type of solvent on the degree of grafting was investigated. The formation of graft copolymer film was confirmed by FTIR spectrum analysis