Conical scan tracking system employing a large antenna

A conical scan tracking system for tracking spacecraft and distant radio sources is described. The system detects small sinusoidal modulation in received power from a source that is off target with a frequency equal to a very low scan rate, an amplitude proportional to angular deviation of the source from the target, and a phase directly related to the direction the source is off target. The sinusoid is digitally correlated with inphase and out-of-phase scan sinusoids to obtain azimuth/elevation and hour angle/declination signals which are digitally integrated over exactly one scan period to obtain correction signals for an antenna pointing subsystem

Conical-scan tracking with the 64-m-diameter antenna at goldstone

The theory and experimental work which demonstrated the feasibility of conical-scan tracking with a 64 m diameter paraboloid antenna is documented. The purpose of this scheme is to actively track spacecraft and radio sources continuously with an accuracy superior to that obtained by manual correction of the computer driven pointing. The conical-scan implementation gives increased tracking accuracy with X-band spacecraft signals, as demonstrated in the Mariner Venus/Mercury 1973 mission. Also, the high accuracy and ease of measurement with conical-scan tracking allow evaluation of systematic and random antenna tracking errors

System for interference signal nulling by polarization adjustment

A receiving system for automatically selecting a desired one of two approximately orthogonally polarized signals occupying the same bandwidth, is described. Received signals are provided by any orthomode antenna system at a pair of output ports, i.e., right hand and left hand circular polarizations or two linear polarizations. The received signals are then applied to the inputs of a hybrid junction to produce sum and difference signals. The resulting sum signal at one output port comprises components of the undesired one of two orthogonally polarized signals and is used to coherently detect and dynamically balance out the undesired signal components that are included at the difference signal port. The desired one of two orthogonally polarized signals is thereby provided at the difference port of the hybrid junction. Feedback loops are used to effect dynamic balancing

Multibeam-antenna feed system to isolate orthogonally polarized beams

System is polarization tracker and comprises variable polarizer, polarization control, and receiver servo loop. System simultaneously receives desired signal and undesired signal which are approximately orthogonal. They can be either paired as left and right circular polarizations or as cross-linear polarizations

CONSCAN implementation for Antenna Control Assembly

The specifics of the CONSCAN, including calibration, signal cleanup, and system protection are presented. The CONSCAN was previously recommended for implementation in the antenna control assembly. Equations for programming the algorithms are provided. The described treatment is designed to lead to developing K-band. The recommended techniques to be employed in conjunction with CONSCAN are summarized: (1) for initial acquisition, employ stepped spiral search; (2) employ continued and incessant testing of signals to verify: in-lock, reasonable in level, and within limits; (3) use FFT for signal processing if feasible, as it provides more tests and insight into existence of glitches and spurious content of the input signal level

On the relevance of earnings components in valuation and forecasting

Pre-print also submitted to SSRN Archive. The final publication is available at Springer via http://dx.doi.org/ 10.1007/s11156-013-0347-yThis paper articulates the links between relevance of an earnings component in forecasting (abnormal) earnings and its relevance in valuation in a nonlinear framework. The analysis shows that forecasting relevance does not imply valuation relevance even though valuation irrelevance is implied by forecasting irrelevance. Firstly, I consider an accounting information system where earnings components "add up" to a fully informative earnings number. Secondly, I analyze two accounting systems where a "core" earnings component is the relevant earnings construct for valuation and the second earnings component is irrelevant but may be predictable and relevant in forecasting other accounting items. I find that dividend displacement effect on earnings and the dynamics of individual earnings components are critical in this analysis

Terminal valuations, growth rates and the implied cost of capital

This article is published with open access at Springerlink.comWe develop a model based on the notion that prices lead earnings, allowing for a simultaneous estimation of the implied growth rate and the cost of equity capital for US industrial sectors. The major difference between our approach and that in prior literature is that ours avoids the necessity to make assumptions about terminal values and consequently about future growth rates. In fact, growth rates are an endogenous variable, which is estimated simultaneously with the implied cost of equity capital. Since we require only 1-year-ahead forecasts of earnings and no assumptions about dividend payouts, our methodology allows us to estimate ex ante aggregate growth and risk premia over a larger sample of firms than has previously been possible. Our estimate of the risk premium being between 3.1 and 3.9 % is at the lower end of recent estimates, reflecting the inclusion of these short-lived companies. Our estimate of the long run growth is from 4.2 to 4.7 %

Fair Value Hierarchy Measures: Post-Implementation Evidence on IFRS 7

Using a balance sheet valuation model, this study examines if information on the fair value hierarchy of on-balance sheet financial assets and financial liabilities are incorporated in the market’s valuation of companies’ equities in Singapore. The results of the study show significant associations between as-reported Level 1 and Level 2 fair value measures of financial assets and market values. However, the results are not significant for Level 3 fair value measures of financial assets and each of the three levels of fair value measures of financial liabilities. The results also show that returns are more positively associated with as-reported gains and losses from Level 1 and Level 2 fair value measures than those from Level 3 fair value measures. Overall, the evidence suggests that information on the fair value hierarchy of IFRS 7 Financial Instruments: Disclosures are used by market participants in their pricing decisions. The market however appears to place greater weights on fair value changes taken to the income statement than those taken to OCI, notwithstanding the level of the fair value measure. While the fixation with income statement measures remains a puzzle, the results are consistent with prior studies that show that investors largely ignore OCI in their pricing of shares

Soil methane sink capacity response to a long-term wildfire chronosequence in Northern Sweden

Boreal forests occupy nearly one fifth of the terrestrial land surface and are recognised as globally important regulators of carbon (C) cycling and greenhouse gas emissions. Carbon sequestration processes in these forests include assimilation of CO2 into biomass and subsequently into soil organic matter, and soil microbial oxidation of methane (CH4). In this study we explored how ecosystem retrogression, which drives vegetation change, regulates the important process of soil CH4 oxidation in boreal forests. We measured soil CH4 oxidation processes on a group of 30 forested islands in northern Sweden differing greatly in fire history, and collectively representing a retrogressive chronosequence, spanning 5000 years. Across these islands the build-up of soil organic matter was observed to increase with time since fire disturbance, with a significant correlation between greater humus depth and increased net soil CH4 oxidation rates. We suggest that this increase in net CH4 oxidation rates, in the absence of disturbance, results as deeper humus stores accumulate and provide niches for methanotrophs to thrive. By using this gradient we have discovered important regulatory controls on the stability of soil CH4 oxidation processes that could not have not been explored through shorter-term experiments. Our findings indicate that in the absence of human interventions such as fire suppression, and with increased wildfire frequency, the globally important boreal CH4 sink could be diminished