Sustainability analysis of Chinese transport policy

Whilst the world economy is developed, the life and development of human beings have been threatened by the imbalance among environmental and ecological aspects. Thus sustainability is becoming increasingly the focus of various social fields. For most developing countries, a strategy with good sustainability for social development is of long-term significance to keep the economy in expansion. This paper first reviews the conceptual framework and up-to-date development of sustainability. Second, it reviews the current transport situation of China and its future demands. Third, the paper analyses transport policy from the viewpoints of energy consumption and environment pollution caused by transportation. It finally summarises suggestions for transport policy that China should consider in the future

A highly sensitive mean-reverting process in finance and the Euler-Maruyama approximations

Empirical studies show that the most successful continuous-time models of the short term rate in capturing the dynamics are those that allow the volatility of interestchanges to be highly sensitive to the level of the rate. However, from the mathematics, the high sensitivity to the level implies that the coeffcients do not satisfy the lineargrowth condition, so we can not examine its properties by traditional techniques. This paper overcomes the mathematical difculties due to the nonlinear growth and examines its analytical properties and the convergence of numerical solutions in probability. The convergence result can be used to justify the method within Monte-Carlo simulations that compute the expected payoff of financial products. For illustration, we apply our results compute the value of a bond with interest rate given by the highly sensitive mean-reverting process as well as the value of a single barrier call option with the asset price governed by this process

Understanding Polarization Correlation of Entangled Vector Meson Pairs

We propose an experimental test of local hidden variable theories against quantum mechanics by measuring the polarization correlation of entangled vector meson pairs. In our study, the form of the polarization correlation probability is reproduced in a natural way by interpreting the two-body decay of the meson as a measurement of its polarization vector within the framework of quantum mechanics. This provides more detailed information on the quantum entanglement, thus a new Monte Carlo method to simulate the quantum correlation is introduced. We discuss the feasibility of carrying out such a test at experiments in operation currently and expect that the measured correlated distribution may provide us with deeper insight into the fundamental question about locality and reality.Comment: 7 pages, 3 figures. v3: The version published in PR

On the photofragmentation of SF2+_2^+: Experimental evidence for a predissociation channel

We report on the first observation of the photofragmentation dynamics of SF$_2^+$. With the aid of state-of-the-art ab initio calculations on the low-lying excited cationic states of SF$_2^+$ performed by Lee et al. [J. Chem. Phys. 125, 104304 (2006)], a predissociation channel of SF$_2^+$ is evidenced by means of resonance-enhanced multilphoton ionization spectroscopy. This work represents a second experimental investigation on the low-lying excited cationic states of SF$_2^+$. [The first one is the He I photoelectron spectrum of SF$_2^+$ reported by de Leeuw et al. three decades ago, see Chem. Phys. 34, 287 (1978).]Comment: 7 pages, 3 figures, submitted to JCP as a Not