基于股市动量策略的实证研究

寻找能够在股市中长期稳定获得超额收益的投资策略一直是投资界和学术界关切的热点,超短期追涨策略一直也被实务界视为赢利法宝,为实证超短期追涨策略的获利性,本文以形成期涨幅指标及实务性的视角来构造沪深A股的动量策略,结果表明中国股票市场短期内不具有"强者恒强"的收益特征,否定了中国股市超短期"追涨杀跌"交易策略的有效性.     

高速公路建设期内源性碳排放对比分析

截至2009年6月中国已建成高速公路达到7.5万km左右,居世界第二,但是建设过程中的能源消耗和对环境的影响越来越突出.以重庆某高速公路为例,以各单位工程建设期内源性碳排放为研究对象核算高速公路碳排放量.首先依据气候变化专门委员会推荐方法,确定了施工机械、人工活动、资源性改变是碳排放源的三大主体;其次,采用碳足迹理论的评价技术,对各单位工程碳排放量进行核算;最后,对比分析各单位工程碳排放量,以期为设计阶段优化方案和建设期节能减排提供理论支持.     

防波堤码头工程施工防台风措施的策划研究

码头与防波堤相结合的突堤式构造体主要由沉箱和抛石斜坡堤组成,在整体结构未形成前构造体的抗风浪能力较差．台风季节施工中构造体的安全是顺利完工的关键。结合福建鸿山热电厂煤码头及引堤工程的案例,浅析台风造成防波堤损毁的原因．总结防波堤码头施工期防台风安全措施策划的经验,提出减少施工期风损的建议,可供类似工程的设计与施工参考借鉴。     

A simulation approach for estimating value at risk in transportation infrastructure investment decisions

Traditional economic analysis techniques used in the assessment of Public Private Partnership (PPP) projects are based upon the assumption that future cash flows are fully deterministic in nature and are not designed to account for risks involved in the assessment of future returns. In reality, many of these infrastructure projects are associated with significant risks stemming from the lack of knowledge about future cost and benefit streams. The fundamental premise of the PPP concept is to efficiently allocate risks between the public and the private partner. The return based on deterministic analysis may not depict a true picture of future economic outcomes of a PPP project for the multiple agencies involved. This deficiency underscores the importance of risk-based economic analysis for such projects. In this paper, the authors present the concept of Value-at-Risk (VaR) as a measure of effectiveness (MOE) to assess the risk share for the public and private entity in a PPP project. Bootstrap simulation is used to generate the risk profile savings in vehicle operating cost, and in travel time resulting from demand-responsive traffic. The VaR for Internal Rate of Return (IRR) is determined for public and private entity. The methodology is applied to a case study involving such a joint venture in India, the Mumbai Pune Expressway/National Highway 4 (MPEW/NH4), and fiscal implications from the perspective of the public and the private entities are examined. A comparison between deterministic and risk based economic analysis for MPEW/NH4 is presented. Risk analysis provides insightful results on the economic and financial implications from each participant's viewpoint.     

Asymptotic calculation of wave period statistics in non-Gaussian mixed sea

This article concerns the calculation of the wave period probability densities in non-Gaussian mixed sea states.The calculations are carried out by incorporating a second order nonlinear wave model into an asymptotic analysis method which is a novel approach to the calculation of wave period probability densities.Since all of the calculations are performed in the probability domain,the approach avoids long time-domain simulations.The accuracy and efficiency of the asymptotic analysis method for calculating the wave period probability densities are validated by comparing the results predicted using the method with those predicted by using the Monte-Carlo simulation(MCS) method.     

城市化进程中我国失业保险制度存在的问题与对策分析

文章分析了城市化进程中我国失业保险所面临的覆盖面窄、保障水平低、资金过量结余三个亟待解决的问题,提出了扩大受保人群覆盖面、缩短给付期、确定适当的资金结余比例等建设性的完善措施,具有一定的实践指导意义。     

驾驶人交通违法记分制度改进对策研究

结合我国近年来道路交通安全管理态势发展特征,重点分析了机动车驾驶人交通安全违法行为累积记分制度在设计构建和实践应用环节存在的问题,着眼于买分卖分、满分降级等社会热点问题,借鉴欧美发达国家违法记分管理的经验做法,研究提出了动态记分周期、安全驾驶记录、车险关联机制等改进对策建议,为我国驾驶人交通违法查处、道路通行秩序保障提供决策参考.     

卫星城市区域出租车方案研究

卫星城市发展规模逐步扩大,与中心城市的距离也逐步增加,中心城市出租车数量的简单增加难以解决卫星城市的出租车交通出行需求.以兰州市西固区为例,针对区域出租车的运营范围、经营权使用期限、投放量、运营模式及定价方案五个方面进行了分析研究,并提出适合卫星城市的区域出租车方案.     

铁路简支梁桥横向振动研究

讨论了铁路多跨简支梁桥不同计算图式对横向振动分析结果的影响,计算表明,单墩计算图式对等高桥墩的长桥及柔性桥墩适用性较好;当相邻桥墩的墩高或刚度相关较大时,可仅考虑该桥墩和相邻梁跨的振动耦联;一般情况下,应考虑相邻桥墩的耦联振动影响。     

客车的制作天数与产量的关系探讨

在一个固定资产基本稳定的客车生产企业,其日产量与制作周期有一个对应的函数关系。本文推导出在制品数量、日产量和制作周期的函数关系,并用一个实例予以说明。