The Gordon Growth Model: A Teaching Case

This case illustrates how the Gordon Growth Model is employed to estimate the value of a firm’s stock.  The model determines the value of stock based on dividends, growth rate, and the cost of capital. The Capital Asset Pricing Model (CAPM) is employed to calculate the cost of capital.  Both economic analysis and ratio analysis are used to examine the impact of external and internal factors on share worth.  The case discusses why the market share price may vary from an estimation of its worth. This case study can be used in an Introduction to Investments course, an Advanced Investments course, or a first level MBA graduate course

VFR-into-IMC: An Analysis of Two Training Protocols on Weather-Related Posttest Scores

According to the Aircraft Owners and Pilots Association Air Safety Institute, 264 accidents were identified as continued visual flight rules (VFR) into instrument meteorological conditions (IMC), during the past ten years. Approximately 89% of those VFR-into-IMC accidents were fatal, causing hundreds of deaths. VFR-into-IMC has been a major concern for the general aviation community, prompting focused efforts. Research, data analyses, outreach, training, and education are recommended practices to address risks associated with VFR-into-IMC. Researchers of the current study sought to evaluate the cause and effect relationship between two training protocols and weather-related posttest scores. A pretest–posttest experimental design was utilized at two testing locations. Participants were randomly assigned to one of three groups: a control group, an interactive online training group, or an interactive workshop group. An analysis of covariance was used to determine whether there was a significant difference between mean posttest scores among the experimental groups while controlling for pretest scores. The treatments did not appear to significantly increase posttest scores after controlling for pretest scores, at either experiment location. Though the results of this study did not yield anticipated findings, much was learned and potentially helpful to general aviation researchers seeking to mitigate VFR-into-IMC encounters. Recommendations for future research and practices are discussed

Highly resolved observations and simulations of the ocean response to a hurricane

Author Posting. © American Geophysical Union, 2007. This article is posted here by permission of American Geophysical Union for personal use, not for redistribution. The definitive version was published in Geophysical Research Letters 34 (2007): L13604, doi:10.1029/2007GL029679.An autonomous, profiling float called EM-APEX was developed to provide a quantitative and comprehensive description of the ocean side of hurricane-ocean interaction. EM-APEX measures temperature, salinity and pressure to CTD quality and relative horizontal velocity with an electric field sensor. Three prototype floats were air-deployed into the upper ocean ahead of Hurricane Frances (2004). All worked properly and returned a highly resolved description of the upper ocean response to a category 4 hurricane. At a float launched 55 km to the right of the track, the hurricane generated large amplitude, inertially rotating velocity in the upper 120 m of the water column. Coincident with the hurricane passage there was intense vertical mixing that cooled the near surface layer by about 2.2°C. We find consistent model simulations of this event provided the wind stress is computed from the observed winds using a high wind-speed saturated drag coefficient.The development of the EM-APEX float system was supported by the Office of Naval Research through SBIR contract N00014-03-C-0242 to Webb Research Corporation and with a subcontract to APL-UW

Neuronal activation for semantically reversible sentences

Semantically reversible sentences are prone to misinterpretation and take longer for typically developing children and adults to comprehend; they are also particularly problematic for those with language difficulties such as aphasia or Specific Language Impairment. In our study, we used fMRI to compare the processing of semantically reversible and nonreversible sentences in 41 healthy participants to identify how semantic reversibility influences neuronal activation. By including several linguistic and nonlinguistic conditions within our paradigm, we were also able to test whether the processing of semantically reversible sentences places additional load on sentence-specific processing, such as syntactic processing and syntactic-semantic integration, or on phonological working memory. Our results identified increased activation for reversible sentences in a region on the left temporal–parietal boundary, which was also activated when the same group of participants carried out an articulation task which involved saying “one, three” repeatedly. We conclude that the processing of semantically reversible sentences places additional demands on the subarticulation component of phonological working memory

Protostellar collapse and fragmentation using an MHD GADGET

Although the influence of magnetic fields is regarded as vital in the star formation process, only a few magnetohydrodynamics (MHD) simulations have been performed on this subject within the smoothed particle hydrodynamics (SPH) method. This is largely due to the unsatisfactory treatment of non-vanishing divergence of the magnetic field. Recently smoothed particle magnetohydrodynamics (SPMHD) simulations based on Euler potentials have proven to be successful in treating MHD collapse and fragmentation problems, however these methods are known to have some intrinsical difficulties. We have performed SPMHD simulations based on a traditional approach evolving the magnetic field itself using the induction equation. To account for the numerical divergence, we have chosen an approach that subtracts the effects of numerical divergence from the force equation, and additionally we employ artificial magnetic dissipation as a regularization scheme. We apply this realization of SPMHD to a widely known setup, a variation of the 'Boss & Bodenheimer standard isothermal test case', to study the impact of the magnetic fields on collapse and fragmentation. In our simulations, we concentrate on setups, where the initial magnetic field is parallel to the rotation axis. We examine different field strengths and compare our results to other findings reported in the literature. We are able to confirm specific results found elsewhere, namely the delayed onset of star formation for strong fields, accompanied by the tendency to form only single stars. We also find that the 'magnetic cushioning effect', where the magnetic field is wound up to form a 'cushion' between the binary, aids binary fragmentation in a case, where previously only formation of a single protostar was expected.Comment: 18 pages, 11 figures. Final version (with revisions). Accepted to MNRA

Modeling and Analysis of Space Based Transceivers

This paper presents the tool chain, methodology, and initial results of a study to provide a thorough, objective, and quantitative analysis of the design alternatives for space Software Defined Radio (SDR) transceivers. The approach taken was to develop a set of models and tools for describing communications requirements, the algorithm resource requirements, the available hardware, and the alternative software architectures, and generate analysis data necessary to compare alternative designs. The Space Transceiver Analysis Tool (STAT) was developed to help users identify and select representative designs, calculate the analysis data, and perform a comparative analysis of the representative designs. The tool allows the design space to be searched quickly while permitting incremental refinement in regions of higher payoff

EvoL: The new Padova T-SPH parallel code for cosmological simulations - I. Basic code: gravity and hydrodynamics

We present EvoL, the new release of the Padova N-body code for cosmological simulations of galaxy formation and evolution. In this paper, the basic Tree + SPH code is presented and analysed, together with an overview on the software architectures. EvoL is a flexible parallel Fortran95 code, specifically designed for simulations of cosmological structure formation on cluster, galactic and sub-galactic scales. EvoL is a fully Lagrangian self-adaptive code, based on the classical Oct-tree and on the Smoothed Particle Hydrodynamics algorithm. It includes special features such as adaptive softening lengths with correcting extra-terms, and modern formulations of SPH and artificial viscosity. It is designed to be run in parallel on multiple CPUs to optimize the performance and save computational time. We describe the code in detail, and present the results of a number of standard hydrodynamical tests.Comment: 33 pages, 49 figures, accepted on A&

Adjunctive treatment with oral AKL1, a botanical nutraceutical, in chronic obstructive pulmonary disease

Purpose: The objective of this pilot trial was to evaluate the safety and efficacy of AKL1, a patented botanical formulation containing extracts of Picrorhiza kurroa, Ginkgo biloba, and Zingiber officinale, as add-on therapy for patients with chronic obstructive pulmonary disease (COPD) and chronic cough. Patients and methods: This randomized, double-blind, placebo-controlled trial enrolled male and female patients .18 years old with COPD and Leicester Cough Questionnaire (LCQ) score of ,18. The 10-week study period comprised a 2-week single-blind placebo run-in period followed by add-on treatment with AKL1 or placebo twice daily for 8 weeks. The primary study endpoint was the change from week 0 to week 8 in cough-related health status, as assessed by the LCQ. Results: Of 33 patients enrolled, 20 were randomized to AKL1 and 13 to placebo. Patients included 19 (58%) men and 14 (42%) women of mean (standard deviation [SD]) age of 67 (9.4) years; 15 (45%) patients were smokers and 16 (49%) were ex-smokers. The mean (SD) change from baseline in LCQ score at 8 weeks was 2.3 (4.9) in the AKL1 group and 0.6 (3.7) in the placebo group, with mean difference in change of 1.8 (95% confidence interval: -1.5 to 5.1; P=0.28). The St George’s Respiratory Questionnaire score improved substantially in the AKL1 treatment group by a mean (SD) of -7.7 (11.7) versus worsening in the placebo group (+1.5 [9.3]), with mean difference in change of -9.2 (95% confidence interval: -19.0 to 0.6; P=0.064). There were no significant differences between treatment groups in change from baseline to week 8 in other patient-reported measures, lung function, or the 6-minute walk distance. Conclusion: Further study is needed with a larger patient population and over a longer duration to better assess the effects of add-on therapy with AKL1 in COPD

Radiative Falloff in Neutron Star Spacetimes

We systematically study late-time tails of scalar waves propagating in neutron star spacetimes. We consider uniform density neutron stars, for which the background spacetime is analytic and the compaction of the star can be varied continously between the Newtonian limit 2M/R << 1 and the relativistic Buchdahl limit 2M/R = 8/9. We study the reflection of a finite wave packet off neutron stars of different compactions 2M/R and find that a Newtonian, an intermediate, and a highly relativistic regime can be clearly distinguished. In the highly relativistic regime, the reflected signal is dominated by quasi-periodic peaks, which originate from the wave packet bouncing back and forth between the center of the star and the maximum of the background curvature potential at R ~ 3 M. Between these peaks, the field decays according to a power-law. In the Buchdahl limit 2M/R -> 8/9 the light travel time between the center and the maximum or the curvature potential grows without bound, so that the first peak arrives only at infinitely late time. The modes of neutron stars can therefore no longer be excited in the ultra-relativistic limit, and it is in this sense that the late-time radiative decay from neutron stars looses all its features and gives rise to power-law tails reminiscent of Schwarzschild black holes.Comment: 10 pages, 7 figures, to appear in PR