15 research outputs found
Sensitivity analysis to explore responsiveness and dynamic range of multi-metric fish-based indices for assessing the ecological status of estuaries and lagoons
Estimation of Mining Project Values Through Real Option Valuation Using a Combination of Hedging Strategy and a Mean Reversion Commodity Price
Cash flows generated from mining projects are typically highly volatile and significantly influenced by a number of exogenous factors including commodity price as one of the most influential uncertainties. In addition, mining projects are complex and many of their executed investment decisions are irreversible. Therefore, management needs to address this potential risk exposure before making an investment decision. Due to the deterioration and fluctuation of mineral commodity prices for a successful mining project acquisition or development, an important and appropriate investment strategy should include a hedging strategy for reducing potential losses suffered by a company. The discounted cash flow methods, which are commonly used to calculate mining project values, often fail to respond to this identified economic uncertainty and also to incorporate de-risking hedging strategies. Therefore, this study approximates the numerical value or value ranges of a mining project considering the combination of a mean reverting commodity price and hedging strategies using continuous time modeling. A novel time-dependent partial differential equation has been proposed using a continuous time, mean reverting model, and hedging strategy to approximate the mining project value. Application of a new real options valuation technique demonstrated its superiority by providing the advantage of mitigating financial losses and procuring financial gains. In this study, some key results are deferral option and expansion option enhanced the maximum values of the project which are, respectively, 2.51 % and 4.4 % compared to the base case. Furthermore, the country risk has a great impact on project values, as when we considered the country risk premium is zero in our model, the project value increases up to 0.97 %
Numerical Simulation and Experimental Study of Bimolecular Reactive Transport in Porous Media
The traditional advectionâdispersionâreaction equation (ADRE) often meets difficulty in simulating diffusion-controlled reactive transport, because the grid-based ADRE with a laboratory-measured reaction rate overpredicts pore-scale mixing and the product concentration. In this study, we chose bimolecular reactive transport (A++BââAB) in porous media as an example and developed a fully implicit Galerkin finite-element method with Picardâs linearization scheme for solving the ADRE considering incomplete mixing at pore scale (IM-ADRE) based on a continuum approximation by Sanchez-Vila et al. (Water Resour Res 46:W12510, 2010). Sensitivity analysis showed that the IM-ADRE model was most sensitive to the parameter âm,â which was the power index of time used to control the decline rate of the time-dependent kinetic reaction term considering effects of incomplete mixing at pore scale. We used the IM-ADRE model to interpret the column experiment reported by Raje and Kapoor (Environ Sci Technol 34(7):1234â1239, 2000), which studied bimolecular reactive transport of aniline (AN) +1,2-naphthoquinone-4-sulfonic acid (NQS)ââ1,2-naphthoquinone-4-aminobenzene (NQAB) in porous media. Previous studies found that the discrepancy between the simulated and observed peak product concentrations was as large as 55 % by the traditional ADRE, while the discrepancy was reduced to 5 % by the IM-ADRE model. We further conducted new reactive transport column experiments with NQS and AN to systematically understand the nature of bimolecular reactive transport in porous media and further check the validity of the IM-ADRE model. Our experiments differed from previous ones in two aspects. First, we used two different realistic porous media with six different flow velocities while previous experiments mostly involved artificial media such as glass beads under two similar flow velocities. Second, our experiment used a column (with the length of 100 cm) relatively longer than that (18 cm) in Raje and Kapoor (2000), and thus, the boundary effect of the column was minimized, and the time dependence of the effective reaction term could be further checked rigorously. Our study reveals that the IM-ADRE is a feasible tool in quantifying reactive transport at a travel distance up to 100 cm, further validating the effective, time-dependent rate coefficient proposed empirically by Sanchez-Vila et al. (2010)
Optimal combination of non-invasive tools for the early detection of potentially life-threatening emergencies in gynecology
International audienceObjectives Potentially life-threatening gynecological emergencies (G-PLEs) are acute pelvic conditions that may spontaneously evolve into a life-threatening situation, or those for which there is a risk of sequelae or death in the absence of prompt diagnosis and treatment. The objective of this study was to identify the best combination of non-invasive diagnostic tools to ensure an accurate diagnosis and timely response when faced with G-PLEs for patients arriving with acute pelvic pain at the Gynecological Emergency Department (ED). Methods The data on non-invasive diagnostic tools were sourced from the records of patients presenting at the ED of two hospitals in the Parisian suburbs (France) with acute pelvic pain between September 2006 and April 2008. The medical history of the patients was obtained through a standardized questionnaire completed for a prospective observational study, and missing information was completed with data sourced from the medical forms. Diagnostic tool categories were predefined as a collection of signs or symptoms. We analyzed the association of each sign/symptom with G-PLEs using Pearson's Chi-Square or Fischer's exact tests. Symptoms and signs associated with G-PLEs (p-value < 0.20) were subjected to logistic regression to evaluate the diagnostic value of each of the predefined diagnostic tools and in various combinations. Results The data of 365 patients with acute pelvic pain were analyzed, of whom 103 were confirmed to have a PLE. We analyzed five diagnostic tools by logistic regression: Triage Process, History-Taking, Physical Examination, Ultrasonography, and Biological Exams. The combination of History-Taking and Ultrasonography had a C-index of 0.83, the highest for a model combining two tools. Conclusions The use of a standardized self-assessment questionnaire for history-taking and focal ultrasound examination were found to be the most successful tool combination for the diagnosis of gynecological emergencies in a Gynecological ED. Additional tools, such as physical examination, do not add substantial diagnostic value
Redox-Directed Cancer Therapeutics: Molecular Mechanisms and Opportunities
Redox dysregulation originating from metabolic alterations and dependence on mitogenic and survival signaling through reactive oxygen species represents a specific vulnerability of malignant cells that can be selectively targeted by redox chemotherapeutics. This review will present an update on drug discovery, target identification, and mechanisms of action of experimental redox chemotherapeutics with a focus on pro- and antioxidant redox modulators now in advanced phases of preclinal and clinical development. Recent research indicates that numerous oncogenes and tumor suppressor genes exert their functions in part through redox mechanisms amenable to pharmacological intervention by redox chemotherapeutics. The pleiotropic action of many redox chemotherapeutics that involves simultaneous modulation of multiple redox sensitive targets can overcome cancer cell drug resistance originating from redundancy of oncogenic signaling and rapid mutation. Moreover, some redox chemotherapeutics may function according to the concept of synthetic lethality (i.e., drug cytotoxicity is confined to cancer cells that display loss of function mutations in tumor suppressor genes or upregulation of oncogene expression). The impressive number of ongoing clinical trials that examine therapeutic performance of novel redox drugs in cancer patients demonstrates that redox chemotherapy has made the crucial transition from bench to bedside. Antioxid. Redox Signal. 11, 3013â3069