基于MCF5271和LAN91C111的以太网接口设计

本文介绍了SMSC公司生产的嵌入式以太网控制器LAN91C111的原理和主要特点,给出了LAN91C111和MCF5271构成嵌入式以太网接口的设计实例,并详细说明了硬件和软件设计。经过实验证明,采用该设计方案的产品运行稳定,该方案具有较高的性价比和实用价值。     

Terminal investment timing decisions in a competitive setting with uncertainty using a real option approach

This paper uses a real option approach to analyze terminal investment timing decisions for situations in which a port faces competition from its rivals in an uncertain market. We propose a network model to describe carriers’ cargo routing decisions and competition among rival ports. We then transform this model into a multicommodity flow problem and use the column generation algorithm to solve it. After obtaining a port’s possible future annual revenues and the potential net present value (NPV) for its terminal construction project through the network model, we adopt the expanded NPV rule and transform the investment timing decision into an optimal stopping problem. A least squares Monte Carlo simulation algorithm is proposed to find the investing probabilities for future years. The proposed models are applied to a steel cargo terminal investment case in the Port of Bengbu in Anhui province of China. The impacts on the investing probability and the expanded NPV of changes in the demand volatility, the initial investment and the port discharging rate are analyzed to provide managerial insights for port managers.