风险投资:一种发现企业价值型的投资

风险投资已经被各国公认为中小企业尤其是高科技企业成长的"推进器"。为了深入理解风险投资的本质,从风险投资的行为和基本特征入手,通过对价值理论的回顾和企业价值表述方式的描述,揭示了风险投资作为发现价值型投资的本质,即通过发现投资对象的潜在价值并通过不断的增值服务使潜在的价值逐步显化,从而得到大多数投资者认可后实施股权转让获得丰厚回报的投资本质。     

Pluralism,The Ethical Matrix,and Coming to Conclusions

The ethical matrix approach was developed by Prof Ben Mepham and his colleagues at the University of Nottingham in the early 1990s. Since then the approach has received increasing attention and has been used by several researchers in different projects related to assessing ethical impacts of different food production technologies and other policy options of societal concern. The ethical matrix is sometimes understood simply as a checklist of ethical concerns, but might also be seen as a guide to coming to conclusions on moral questions. The problem I discuss in this paper relates to how using the ethical matrix method as a decision guide can be combined with respecting pluralism. The aim of the paper is to suggest a framework making it possible to – at the same time – enhance public justification of judgments and respect pluralism. I argue that pluralism is fundamental to the ethical matrix approach; I distinguish between intuitionist principled pluralism and societal value pluralism; and I show how both kinds of pluralism imply restrictions on how conclusions can be made. No substantive moral decision principles can be allowed. Still, I argue, decision principles of a more epistemological or procedural character can be acceptable even within pluralism. The pragmatist principle of inquiry is defended as an account of moral problem solving compatible with both principled pluralism and value pluralism. When an ethical matrix is used within such a participatory inquiry process substantive conclusions can be drawn.     

多因素耦合条件下硫化矿自燃神经网络动态预测模型研究

硫化矿石自燃是多种因素、多场耦合综合作用的结果,是一典型的非线性问题。笔者应用人工神经网络技术,以Matlab软件为平台,通过现场调查和理论分析,建立了矿石含硫量、通风强度、环境温度3因素与硫化矿石自燃之间的预测模型;通过数据样本学习与部分现场监测数据相结合进行模拟,研究表明预测数据与实测结果基本吻合,误差控制在10%以内,取得了较好的效果。该研究为预防硫化矿石自燃提供一个新的思路和方法,具有一定的理论意义和应用价值。     

FEASIBILITY OF INTERBASIN WATER TRANSFER1

ABSTRACT: Interbasin water transfer is one of the most controversial water-resources-planning topics. Local communities, particularly those from which the water is to be taken (donor regions), generate enough opposition to doom many projects to failure. The opposition often arises because planners have traditionally considered excess water a free commodity rather than a marketable resource. To make transfer schemes mutually acceptable to donor and recipient regions, visible benefits must be offered. Agreement must be made on an acceptable purchase price and/or on other benefits such as a substantial amount of low flow augmentation or possibly some degree of flood control on the donor source stream. The hydrologic and economic feasibility of water transfer from the East Susquehanna River basin to the Delaware Reservoir System for supplemental supply to the New York City area was investigated. Nine alternative schemes for diversions up to 400 cfs and compensations in the form of low flow augmentation and/or flood control were considered resulting in unit costs to the recipient region between $90 and $380/mg. If only the minimum state-mandated flow is released to the Susquehanna River, the savings to the water recipients would be sufficient to pay a purchase price of about $21/mg, which would be equivalent to a total amount of $420,000/year for an average export of 100 cfs.     

DETERMINATION OF SEDIMENT YIELD BY TRANSFERRING RAINFALL DATA1

ABSTRACT: A methodology for obtaining the optimal design value to allow for sediment storage in a reservoir is presented for the situation where no data on sediment loads in the incoming streams are available. Information concerning the amount of sediment delivered to the reservoir over its life-time is obtained by a sediment yield model which uses data on rainfall amount and duration obtained from a nearby experimental watershed. Bayesian Decision Theory is used to obtain the optimal storage requirements in order to consider the natural variation of rainfall and the sampling error due to the short rainfall record available. The normally difficult calculations involved were made tractable by the use of simplifications and approximations valid in the context of the problem. Results show that sediment storage requirements can be calculated in this manner and that consideration of the uncertainties involved leads to a storage requirement substantially larger than that calculated without such consideration.     

基于粒子群算法的城市垃圾中转站的空间布局研究

随着城市化的进程，垃圾处理设施成为影响城市化质量的重要指标。依据人们实际所关注的垃圾处理设施的总成本和负效应两个因素，在前人研究的基础上，建立了垃圾收运多目标模型，使得总成本和负效应最优化。根据模型设计了粒子群算法，该算法属于智能算法，且精度高，收敛快，在许多领域也得到广泛应用。用设计的粒子群算法并结合案例求出了Pareto最优解，给出三种决策方案，验证了模型和算法的有效性和可行性，为决策者提供了一种理论参考。     

The controlled short circuit GMAW process: A tutorial

The paper reviews the principles, benefits and limitations of the conventional short circuit transfer mode in GMA welding before describing the development and benefits of the controlled short circuit approach. Various options are described and an attempt is made to categorize the current commercial systems.     

Seminal fluid enhances sperm viability in the leafcutter ant Atta colombica

The seminal fluid that accompanies sperm in ejaculates has been shown or suggested to affect sperm competition and paternity success of insects by preventing female remating, inducing oviposition, and forming mating plugs. In Atta leafcutter ants, queens have multiple mates but never remate later in life, although they may live and produce fertilized eggs for several decades. The mating biology and life history of these ants therefore suggests that the major function of seminal fluid is to maximize sperm viability during copulation, sperm transfer, and initial sperm storage. We tested this hypothesis by comparing the viability of testis sperm and ejaculated sperm (mixed with seminal fluid) and found a significant positive effect of seminal fluid on sperm viability. We further quantified this positive effect by adding accessory gland secretion (a major component of seminal fluid) in a dilution series, to show that minute quantities of accessory gland secretion achieve significant increases in sperm viability. Sperm stored by queens for 1 year benefited in a similar way from being exposed to accessory gland compounds after dissection in control saline solution. Our results provide the first empirical evidence that seminal fluid is important for the production of viable ejaculates and that the accessory glands of Atta males—despite their small size—are functional and produce a very potent secretion.     

Long‐Term Dynamics of a Fragmented Rainforest Mammal Assemblage

Abstract: Habitat fragmentation is a severe threat to tropical biotas, but its long‐term effects are poorly understood. We evaluated longer‐term changes in the abundance of larger (>1 kg) mammals in fragmented and intact rainforest and in riparian “corridors” in tropical Queensland, with data from 190 spotlighting surveys conducted in 1986–1987 and 2006–2007. In 1986–1987 when most fragments were already 20–50 years old, mammal assemblages differed markedly between fragmented and intact forest. Most vulnerable were lemuroid ringtail possums (Hemibelideus lemuroides), followed by Lumholtz's tree‐kangaroos (Dendrolagus lumholtzi) and Herbert River ringtail possums (Pseudocheirus herbertensis). Further changes were evident 20 years later. Mammal species richness fell significantly in fragments, and the abundances of 4 species, coppery brushtail possums (Trichosurus vulpecula johnstoni), green ringtail possums (Pseudochirops archeri), red‐legged pademelons (Thylogale stigmatica), and tree‐kangaroos, declined significantly. The most surprising finding was that the lemuroid ringtail, a strict rainforest specialist, apparently recolonized one fragment, despite a 99.98% decrease in abundance in fragments and corridors. A combination of factors, including long‐term fragmentation effects, shifts in the surrounding matrix vegetation, and recurring cyclone disturbances, appear to underlie these dynamic changes in mammal assemblages.     

Stochastic Transfer Function Model and Neural Networks to Estimate Soil Moisture1

Abstract: A practical methodology is proposed to estimate the three‐dimensional variability of soil moisture based on a stochastic transfer function model, which is an approximation of the Richard’s equation. Satellite, radar and in situ observations are the major sources of information to develop a model that represents the dynamic water content in the soil. The soil‐moisture observations were collected from 17 stations located in Puerto Rico (PR), and a sequential quadratic programming algorithm was used to estimate the parameters of the transfer function (TF) at each station. Soil texture information, terrain elevation, vegetation index, surface temperature, and accumulated rainfall for every grid cell were input into a self‐organized artificial neural network to identify similarities on terrain spatial variability and to determine the TF that best resembles the properties of a particular grid point. Soil moisture observed at 20 cm depth, soil texture, and cumulative rainfall were also used to train a feedforward artificial neural network to estimate soil moisture at 5, 10, 50, and 100 cm depth. A validation procedure was implemented to measure the horizontal and vertical estimation accuracy of soil moisture. Validation results from spatial and temporal variation of volumetric water content (vwc) showed that the proposed algorithm estimated soil moisture with a root mean squared error (RMSE) of 2.31% vwc, and the vertical profile shows a RMSE of 2.50% vwc. The algorithm estimates soil moisture in an hourly basis at 1 km spatial resolution, and up to 1 m depth, and was successfully applied under PR climate conditions.