Effective Basemetal Hedging: The Optimal Hedge Ratio and Hedging Horizon

This study investigates optimal hedge ratios in all base metal markets. Using recent hedging computation techniques, we find that 1) the short-run optimal hedging ratio is increasing in hedging horizon, 2) that the long-term horizon limit to the optimal hedging ratio is not converging to one but is slightly higher for most of these markets, and 3) that hedging effectiveness is also increasing in hedging horizon. When hedging with futures in these markets, one should hedge long-term at about 6 to 8 weeks with a slightly greater than one hedge ratio. These results are of interest to many purchasing departments and other commodity hedgers

Interactive, Constraint-based Layout of Engineering Diagrams

Many engineering disciplines require visualisation of networks. Constrained graph layout is a powerful new approach to network layout that allows the user to impose a wide variety application-specific placement constraints—such as downwards pointing directed edges, alignment of nodes, cluster containment and non-overlapping nodes and clusters—on the layout. We have recently developed an efficient algorithm for topology-preserving constrained graph layout. This underpins two dynamic graph layout applications we have developed: a network diagram authoring tool, Dunnart, and a network diagram browser. In this paper we provide an overview of topology-preserving constrained graph layout and illustrate how Dunnart and the network diagram browser can be applied to engineering diagram authoring and visualisation

Ubiquitination of HTLV-I Tax in response to DNA damage regulates nuclear complex formation and nuclear export

This is an Open Access article distributed under the terms of the Creative Commons Attribution Licens

Conservation biology and management of the Twee River redfin, Barbus erubescens (Pisces : Cyprinide)

Agricultural practices and increasing levels of pollution, water abstraction and numbers of predatory exotic fishes gave rise to mounting concern for the survival of the already endangered Twee River redfin, Barbus erubescens. Numbers were believed to be dwindling and an urgent re-assessment of the species' conservation status and major threats was called for. Distribution and estimated numbers of B. erubescens were detennined from a census conducted in the Twee River catclunent, and baseline knowledge of age and growth, reproduction, diet and habitat preferences was gained from biological work on collected specimens. Such understanding was necessary to formullate management ideas. Although an estimated 40% reduction in area of occupancy has occurred in the middle reaches of the Twee River system, the known distribution of B. erubescens was extended into the upper Suurvlei River. Despite fragmentation, surviving redfin populations remained healthy and total population size was estimated at 8400 individuals, 4100 of which were considered mature. Adults preferred pools with water exceeding 1 m in depth and tended to be associated with sandy or boulder substrates. Due to low numbers no such study was conducted on juveniles, although observations indicated a preference for the upper 50 cm of the water column, in or around marginal vegetation. Barbus erubescens spawn in summer and follow an asynchronous, iteroparous pattern. Males and females reach a maximum age of six years, maturing after two years at calculated SL of 45 mm in males and 42 mm in females. The diet was dominated by simulid and ephemeropteran larvae. Although the combined pressures of pesticide and fertiliser use, predation and competition from exotic species have undoubtedly had a negative impact on B. erubescens, the species has maintained viable populations. With continued expansion of these threats the focus of conservation attention may change but, at present, it is most likely agricultural water use, amounting to 7.43 x 10⁶ m³y⁻¹, 15% of the entire catchment production, which poses the greatest immediate threat to the survival of the species. Based on a deteriorating habitat and restricted area of occupancy, B. erubescens was rated Critically Endangered, and it is recommended that a conservation management plan be implemented in the Twee River catchment. The focus of such action should be on genetic preservation, with immediate projects including gamete cryopreservation and captive breeding and rearing programmes. Catchment management, including education and rehabilitation programmes, must be the long-term aim of conservation, to ensure the survival of B. erubescens

What do we know about consumer m-shopping behaviour?

Purpose The purpose of this paper is to provide a review of the mobile shopping (m-shopping) acceptance literature to bring international marketing and consumer research attention to m-shopping acceptance factors and limitations in current understandings to propose recommendations for further academic and retailing attention. Design/methodology/approach Keyword searches identified the consumer-focused literature across mobile commerce, m-shopping, mobile browsing and mobile purchasing, published in English language journals. A classification framework is created and a time frame is established to provide a more focused direction for research. Findings Despite the growing popularity of consumers adopting m-shopping activities and the increasing academic attention, consumer m-shopping utilisation remains low and research into its causes remains in its infancy. This paper has subsequently identified a variety of recommendations for further research, including further insights into perceived risk, user vs non-user behaviours, the multi-stage shopping process, incorporation of time considerations and theoretical development. Originality/value There has yet been a review of the m-shopping literature collaborating literary findings and limitations in the consumer m-shopping environment. Three major themes arise in this paper. First, there are a variety of factors affecting consumer willingness to accept m-shopping which are often incorporated in existing theory in a sporadic manner. Second, factors can create positive and/or negative consumer perceptions, requiring further insight. Finally, research limitations predominantly surround theoretical and methodological constraints, prompting for wider geographical and more longitudinal approaches to research

Reading Strategies for Graph Visualizations that Wrap Around in Torus Topology

We investigate reading strategies for node-link diagrams that wrap around the boundaries in a flattened torus topology by examining eye tracking data recorded in a previous controlled study. Prior work showed that torus drawing affords greater flexibility in clutter reduction than traditional node-link representations, but impedes link-and-path exploration tasks, while repeating tiles around boundaries aids comprehension. However, it remains unclear what strategies users apply in different wrapping settings. This is important for design implications for future work on more effective wrapped visualizations for network applications, and cyclic data that could benefit from wrapping. We perform visual-exploratory data analysis of gaze data, and conduct statistical tests derived from the patterns identified. Results show distinguishable gaze behaviors, with more visual glances and transitions between areas of interest in the non-replicated layout. Full-context has more successful visual searches than partial-context, but the gaze allocation indicates that the layout could be more space-efficient

An Aotearoa New Zealand survey of the impact and diagnostic delay for endometriosis and chronic pelvic pain

Chronic pelvic pain (CPP) causes important negative effects on quality of life. Endometriosis is the most common cause of CPP in females, and diagnostic delay is over six years internationally. Data remain scarce for CPP impact or diagnostic delay in Aotearoa New Zealand. This study used an online survey to explore the impact of CPP on various life domains for those aged over 18. Additionally, for those with an endometriosis diagnosis, diagnostic delay and factors affecting this over time were explored. There were 800 respondent (620 with self-reported endometriosis). CPP symptoms, irrespective of final diagnosis, started prior to age 20 and negatively impacted multiple life domains including employment, education, and relationships. Mean diagnostic delay for those with endometriosis was 8.7 years, including 2.9 years between symptom onset and first presentation and 5.8 years between first presentation and diagnosis. Five doctors on average were seen prior to diagnosis. However, there was a reduction in the interval between first presentation and diagnosis over time, from 8.4 years for those presenting before 2005, to two years for those presenting after 2012. While diagnostic delay is decreasing, CPP, irrespective of aetiology, continues to have a significant negative impact on the lives of those affected

Recursive fury: conspiracist ideation in the blogosphere in response to research on conspiracist ideation

Conspiracist ideation has been repeatedly implicated in the rejection of scientific propositions, although empirical evidence to date has been sparse. A recent study involving visitors to climate blogs found that conspiracist ideation was associated with the rejection of climate science and the rejection of other scientific propositions such as the link between lung cancer and smoking, and between HIV and AIDS (Lewandowsky et al., in press; LOG12 from here on). This article analyses the response of the climate blogosphere to the publication of LOG12. We identify and trace the hypotheses that emerged in response to LOG12 and that questioned the validity of the paper's conclusions. Using established criteria to identify conspiracist ideation, we show that many of the hypotheses exhibited conspiratorial content and counterfactual thinking. For example, whereas hypotheses were initially narrowly focused on LOG12, some ultimately grew in scope to include actors beyond the authors of LOG12, such as university executives, a media organization, and the Australian government. The overall pattern of the blogosphere's response to LOG12 illustrates the possible role of conspiracist ideation in the rejection of science, although alternative scholarly interpretations may be advanced in the future