Risk and return of U.S. water transportation stocks over time and over bull and bear market conditions

The aim of this paper is to investigate the behaviour of water transportation company stock returns in the U.S. stock exchanges from 1985 to 1994 in order to determine whether the systematic risk of this industry is different from that of the 'average' company in the market, whether it has changed over the ten year period, over bull and bear market conditions, and whether there is a firm 'size' effect in the industry. In the context of the Capital Asset Pricing Model (Capm), we find that the systematic risk of the shipping industry return is not different from that of the 'average' company. It is also found that the covariance of water transportation companies with respect to the overall stock market return did not change over the ten year period although it appears that it has changed over normal upward/downward market movements. There is also reasonable evidence that the intercept of the equation might have changed over normal upward/downward market movements. Finally, we document contradictory evidence regarding the size effect; during the period 1985-1989 we find small companies to have significantly higher returns and risk while during the period 1990-1994 medium size companies tend to have higher risk than small and large firms, which is not however compensated by higher returns.     

Analysis of Driver's Decelerating Strategy in a Car-following Situation

This report describes a decelerating driver-model expressed by driving mode transition in car-following situations. The assumptions for constructing the model are that decelerating strategy of a driver is classified into several simple driving modes and that a driver changs his driving modes based on his perceptible characteristics and experiential rules. Deceleration action is divided into three states; following, standing and braking, which are applied to the model. The model has two paths for driver's decelerating action, one of which is selected by the driver based on the perceptible characteristics and experiential rules. The suitability of the model has been experimentally verified.     

Multiphysic modelling of railway vehicles equipped with pneumatic suspensions

This article presents a multidisciplinary approach of railway pneumatic suspension modelling: both multibody and pneumatic aspects are taken into account. The work aims at obtaining a realistic model of the secondary suspension and coupling it with a multibody model of a train. Various components of the pneumatic circuit such as bellows, tanks, pipes and valves are taken into account. The article focuses on the bellow-pipe-tank subsystem for which several modelling approaches are presented and compared. Differences between differential and algebraic models are highlighted, and an application-dependent choice between them is suggested. A complete model of the pneumatic circuit is then obtained and coupled with a multibody model of the train. As a result, the behaviour of a suburban train equipped with a pneumatic secondary suspension is analysed, in particular undesired oscillating motions which affect the comfort. Topological modifications and improvements of the suspension are also investigated and discussed.     

Managing transportation during highway reconstruction: A recommended process

Major highway reconstruction can cause significant disruptions to existing travel patterns and economic activity. Reducing these impacts on travelers, shippers, businesses and residents requires that innovative and effective transportation management actions be developed and implemented. This paper reports the major findings and recommendations of a research study on managing transportation during highway, reconstruction. The primary objectives of the study were

The design of bus route systems — An interactive location-allocation approach

An interactive modelling approach is developed to solve the practical problem of bus route network design. Possible bus routes are identified with facilities which can be located. Zones or pairs of zones in the urban area are identified with customers who will be allocated to the established facilities. It is shown that the classical Set Covering Problem is useful under the assumption of fixed demand; the Simple Plant Location Problem is effective under the assumption of demand which is sensitive to the level of bus service provided.     

Exploring the impact of walk–bike infrastructure,safety perception,and built-environment on active transportation mode choice: a random parameter model using New York City commuter data

This study estimates a random parameter (mixed) logit model for active transportation (walk and bicycle) choices for work trips in the New York City (using 2010–2011 Regional Household Travel Survey Data). We explored the effects of traffic safety, walk–bike network facilities, and land use attributes on walk and bicycle mode choice decision in the New York City for home-to-work commute. Applying the flexible econometric structure of random parameter models, we capture the heterogeneity in the decision making process and simulate scenarios considering improvement in walk–bike infrastructure such as sidewalk width and length of bike lane. Our results indicate that increasing sidewalk width, total length of bike lane, and proportion of protected bike lane will increase the likelihood of more people taking active transportation mode This suggests that the local authorities and planning agencies to invest more on building and maintaining the infrastructure for pedestrians. Further, improvement in traffic safety by reducing traffic crashes involving pedestrians and bicyclists, will increase the likelihood of taking active transportation modes. Our results also show positive correlation between number of non-motorized trips by the other family members and the likelihood to choose active transportation mode. The model would be an essential tool to estimate the impact of improving traffic safety and walk–bike infrastructure which will assist in investment decision making.     

A new approach for improving the performance of freight train timetabling of a single-track railway system

A new approach for improving the performance of freight train timetabling for single-track railways is proposed. Using the idea of a fixed-block signaling system, we develop a matrix representation to express the occupation of inter- and intra-station tracks by trains illustrating the train blocking time diagram in its entirety. Train departure times, dwell times, and unnecessary stopping are adjusted to reduce average train travel time and single train travel time. Conflicts between successive stations and within stations are identified and solved. A fuzzy logic system is further used to adjust the range of train departure times and checks are made to determine whether dwell times and time intervals can be adjusted for passenger and freight trains at congested stations to minimize train waiting times. By combining manual scheduling expertise with the fuzzy inference method, timetable efficiency is significantly improved and becomes more flexible.     

现状铁路地道砖砌挡土墙的结构设计及验算

对沧州市黄河路下穿京沪铁路处地道节点的现状砖砌挡墙进行翻建修复,对不同高度的挡墙进行了计算,结合重力式挡土墙抗弯和抗剪承载力值,得出了不同高度挡土墙的适用结构形式,可供相似工程的设计及建设工作者参考.     

基于安全和情感化的汽车辅助驾驶系统多模态交互设计研究综述

汽车作为目前人类最常使用的交通工具之一,其智能驾驶技术大部分处在L2～L3“人机共驾”技术的发展阶段,在L5级自动驾驶技术出现之前,“人机共驾”仍然是目前主流的驾驶方式,其各种车载系统和交互方式正在不断完善。多模态交互作为未来设计的发展趋势,必然将与汽车融合产生新的“火花”。对车载系统中多模态交互设计研究包括疲劳状态预警、碰撞预警、车道偏离预警、智能接管提醒、智能泊车等方向进行梳理总结,对车载AI多模态交互设计包括多屏交互、触控交互、手势交互、语音交互、表情交互、眼动交互等自然交互方式进行分析。采用文献研究及案例分析的方式探究如何在基于安全和情感化的背景下使驾驶员的体验更加舒适,展望了汽车多模态交互设计在车载系统中的应用及未来趋势。恰当而良好的交互方式融合将会提高各种车载系统及应用的安全性和驾驶的舒适度。多模态交互的引入必将是汽车发展的趋势。     

Impact of ICT access on personal activity space and greenhouse gas production: evidence from Quebec City, Canada

This paper presents an approach to investigating the impact of information and communication technologies (ICTs) on travel behaviour and its environmental effects. The paper focuses on the spatial dispersion of out-of-home activities and travel (activity space) and greenhouse gas emissions (GHGs) at the level of the individual. An original method, combining spatial analysis in a geographic information system with advanced regression techniques, is proposed to explore these potentially complex relationships in the case of access to mobile phones and the internet, while taking into account the influence of socio-economics and built environment factors. The proposed methodology is tested using a 7-day activity-based survey in Quebec City in 2003?C2004, a juncture of particular interest because these ICTs had recently crossed the threshold of 40?% (mobile phone) and 60?% (home-based internet) penetration at the time. The study period also largely pre-dates the era of mobile internet access. Among other results, socio-demographic factors were found to significantly affect both ICT access and travel out-comes. The built environment, represented by neighbourhood typologies, also played an important role. However, it was found that after controlling for the self-selection effect, built environment and socio-demographics, those who had a mobile phone available produced 30?% more GHGs during the observed week than those who did not. This higher level of GHG pro-duction was accompanied by a 12?% higher measure of activity dispersion. On the other hand, having internet access at home was associated with lower GHGs (?19?%) and lesser activity dispersion (?25?%). Possibly, mobile phones enable individuals to cover more space and produce more emissions, while the internet provides opportunities to stay at home or avoid motorized travel thus reducing emissions. The estimated effects of having a mobile phone were not only negative but also larger in magnitude from the environmental point of view than those of fixed internet access. However, the results of this study also suggest that access to mobile phones and internet may have substantial and compensatory effects at the individual level that are undetected when using model structures that do not take into account that unobserved factors may influence both ICT choices and travel outcomes.