Decision making with option pricing and dynamic programming: development and application

In this study, an option pricing model and a dynamic programming model are developed. These models contribute to the improvement of the decision making process in two respects. First, these models allow for the own growth rate of mining costs to be incorporated into the analysis. Second, these models are developed to estimate the satisfactory gross revenue for investing, so that these models are helpful in analyzing multi-metal mines.The two models are applied to estimate the satisfactory revenue for investing in the Carlin east gold mine, Nevada, USA. The satisfactory revenue estimated by the option pricing model is found to be $42.2M, while that estimated by the dynamic programming model is found to be $44.4M. Since the revenue calculated on the basis of the current conditions is $36M, then the decision by option pricing and dynamic programming is to wait and not to invest now. Despite the difference between the two models in estimating and applying the discount rate, the two models generate the same decision.     

Neutron activation analysis of ceramic tiles and its component and radon exhalation rate

IntroductionCeramic,consistofearthymaterialslikeclaykaolin ,limestoneandsandglass .Ceramicmaterialsarenonmetalic ,inorganiccompoundsprimaryoxides ,alsocarbides ,nitridesandsilicides .Twotypesofbondingmechanismsoccurinceramicmaterial ,ionicandcovalent.Theo…     

Trihalomethanes formation in water treatment plants and distribution lines: a monitoring and modeling scheme

Monitoring and modeling of the concentrations of trihalomethanes (THMs) within four water treatment plants (WTPs) and distribution lines in Fayoum City, Egypt, were studied. Sampling sites for raw and treated waters were determined by global positioning system and the Arc geographic information system software was used for mapping. THMs were monitored using 25 sampling points located at the plant exit and through the distribution lines up to the plant extremity. Results indicated that the THMs concentration varied significantly but it was very rarely higher than the allowed maximum contaminant level of 100 μg L^?1. However, at the dead zones in the distribution lines, the THMs increased by about 160% compared to in-plant level. Furthermore, the level of THMs in hot months was about 1.3 times higher than in cold ones. The influence of some independent variables such as temperature, pH, ammonia concentration, total organic carbon and color were investigated by Pearson model to find their correlation with the rate of THMs formation in WTPs. The resulted R values ranged from 0.81 to 0.98. Successful application of the model to a selected region on the distribution lines has resulted in a correlation coefficient of 0.98.     

Mine size optimization using marginal analysis

In this study, a model to estimate the optimum mine size is developed. The model is developed on the basis of marginal analysis. The model solves for the production rate at which the present value of marginal costs equals the present value of marginal revenues—the rate that microeconomic theory shows will maximize the net present value of production from the mine.In addition, the article discusses the effects on the optimum production rate of: the physical characteristics of the deposit, economic factors, and financial factors. It has been found that, not surprisingly, as the reserve tonnage increases, the optimum mine size increases. Also, the optimum production rate increases as the ore grade increases. A direct relationship has been found between the mineral price and the optimum production rate. The optimum mine size is found to be inversely related to the expected growth rate of mineral price, while it is directly related to the expected growth rate of mining costs. A concave relationship has been found between the cost of capital and the optimum mine size.     

Application of cleaner production technology in chemical industry: a near zero emission

The main objective of this study is to investigate and evaluate opportunities for implementation of pollution prevention and waste minimization in a chemical industrial company producing poly sulfonated naphthalene formaldehyde which is used as a super plasticizer for concrete. Environmental problems encountered were mainly the highly polluted wastewater and a semi-solid cake containing considerable amount of the final product. Possible modules for remedial measures and their cost estimation were investigated. The proposed remedial modules included recycling of retained water discharge in filter press, recycling of washing water of reaction vessels (reactors), closed circuit cooling system for high-pressure pump, good housekeeping through control of leakage of raw material, products and water and finally utilization of retained residual product from the solid waste. The implemented pollution control measures proved to be cost effective and have short payback periods. Also, minimization of the hydraulic and organic loads in the final effluent was achieved.     

An application of a simple computer program for neutron activation analysis

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Effect of Humic Acids and Fungal Inoculations on Cesium and Lead Concentrations in Lettuce Plants Grown in Contaminated Soils

A study was carried out to evaluate the effect of humic acid additives, applied either individually or in combination with Fusarium oxysporum fungi, on uptake and translocation of cesium and lead in cultivated Lettuce (Lactuca sativa) grown on Mostorud (clayey) and El‐Gabal El‐Asfar (sandy loam soil) soils in a complete randomized block experimental design. The selected soils from contaminated areas (Mostorud soil was irrigated with contaminated industrial water for more than 30 years and El‐Gabal EL‐Asfar soil was irrigated with sewage effluent for more than 50 years). The results indicated that the cesium and lead content was reduced by all treatments of humic acid application individually or when combined with Fusarium oxysporum inoculations, especially at 200 mmol/kg compared to a control and other treatments. On the other hand, retention of cesium and lead occurred in roots more than shoots. ©2016 Wiley Periodicals, Inc.     

Ziziphus spina-christi leaf extract attenuates mercuric chloride-induced liver injury in male rats via inhibition of oxidative damage

Environmental Science and Pollution Research - Heavy metal contamination including mercury (Hg) has become one of the most serious environmental problems facing humans and other living organisms....     

Aluminum interaction with human brain tau protein phosphorylation by various Kinases

Abstract

Phosphorylation is an indispensable process for energy and signal transduction in biological systems. AlCl₃ at 10 nM to 10 uM range activated in‐vitro [γ‐³²P)ATP phosphorylation of the brain (tau) T protein in both normal human or E.coli expressed T forms; in the presence of the kinases P34, PKP, and PKC. However, higher concentrations of ALCl₃ inhibited the T phosphorylation with P34, PKP, and PKC to a maximum at 1 mM level. AlCl₃ at 100 uM to 500 uM range induced non‐enzymatic phosphorylation of T with γ‐ATP, γ‐GTP, and α‐GTP. AlCl₃ activated histone phosphorylation by P34 in a similar pattern. The hyperphosphorylation of T by Al³⁺ was accompanied by molecular shift and mobility retardation in SDS‐PAGE. This may demonstrate the mechanism of the longterm neurological effect of Al³⁺ in human brain leading to the formation of the neurofibrillary tangles related to Alzeheimer's disease.