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This paper examines a case study of the SkyCabs system as a way to alleviate some of the traffic problems of Auckland, New Zealand. SkyCabs is an elevated two-way monobeam carrying light eight-seater cabs on tracks on each side of the beam, available on demand, providing fast, pollution-free, unimpeded travel above the footpath with panoramic views of the city. The aim of this study is to investigate the attractiveness of implementing the SkyCabs system to and from Auckland central business district (CBD) and Auckland international airport by examining four variables: different routes, different number of stops/stations, different passenger demand levels, and different number of cabs in the system. The analysis utilizes geographical information system and simulation tools for the various scenarios considered. The results show that it is possible to assess the cost–benefit of alternative routes in terms of those four variables and rate of return on investment. 相似文献
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Different from western markets, the margin rates in Chinese futures markets are raised when contract approaches maturity. This paper concentrates on the effect of this time dependent margin rule on volatility. Open interest, another candidate in the margin rule, is also included in our model to investigate its necessity as one of the factors of the rise of margin rates. With the popular copper contract in Shanghai Futures Exchange (SHFE) , our test results suggest that margin levels have a significant positive effect on volatility, yet open interest has little to do with volatility. The implication is that the rise of margin rate approaching maturity virtually deteriorates the degree of market risks, and open interest is not a necessary factor for the margin rule. It indicates that the policy tool, represented by margin rates, has significantly greater influence on volatility than the market element, represented by open interest. 相似文献
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