A model of continuous-time insider trading in which a risk-neutral in-sider possesses two imperfect correlated signals of a risky asset is studied.By conditional expectation theory and filtering theory,we first establ...A model of continuous-time insider trading in which a risk-neutral in-sider possesses two imperfect correlated signals of a risky asset is studied.By conditional expectation theory and filtering theory,we first establish three lemmas:normal corre-lation,equivalent pricing and equivalent profit,which can guarantee to turn our model into a model with insider knowing full information.Then we investigate the impact of the two correlated signals on the market equilibrium consisting of optimal insider trading strategy and semi-strong pricing rule.It shows that in the equilibrium,(1)the market depth is constant over time;(2)if the two noisy signals are not linerly correlated,then all private information of the insider is incorporated into prices in the end while the whole information on the asset value can not incorporated into prices in the end;(3)if the two noisy signals are linear correlated such that the insider can infer the whole information of the asset value,then our model turns into a model with insider knowing full information;(4)if the two noisy signals are the same then the total ex ant profit of the insider is increasing with the noise decreasing,while down to O as the noise going up to infinity;(5)if the two noisy signals are not linear correlated then with one noisy signal fixed,the total ex ante profit of the insider is single-peaked with a unique minimum with respect to the other noisy signal value,and furthermore as the noisy value going to O it gets its maximum,the profit in the case that the real value is observed.展开更多
Geogrid has been extensively used in geotechnical engineering practice due to its effectiveness and economy. Deep insight into the interaction between the backfill soil and the geogrid is of great importance for prope...Geogrid has been extensively used in geotechnical engineering practice due to its effectiveness and economy. Deep insight into the interaction between the backfill soil and the geogrid is of great importance for proper design and construction of geogrid reinforced earth structures. Based on the calibrated model of sand and geogrid, a series of numerical pullout tests are conducted using PFC^(3D) under special considerations of particle angularity and aperture geometry of the geogrid. In this work, interface characteristics regarding the displacement and contact force developed among particles and the deformation and force distribution along the geogrid are all visualized with PFC^(3D) simulations so that new understanding on how geogrid-soil interaction develops under pullout loads can be obtained. Meanwhile, a new variable named fabric anisotropy coefficient is introduced to evaluate the inherent relationship between macroscopic strength and microscopic fabric anisotropy. A correlation analysis is adopted to compare the accuracy between the newly-proposed coefficient and the most commonly used one. Furthermore, additional pullout tests on geogrid with four different joint protrusion heights have been conducted to investigate what extent and how vertical reinforcement elements may result in reinforcement effects from perspectives of bearing resistance contribution, energy dissipation, as well as volumetric response. Numerical results show that both the magnitude and the directional variation of normal contact forces govern the development of macroscopic strength and the reinforcing effects of joint protrusion height can be attributed to the accelerated energy dissipation across the particle assembly and the intensive mobilization of the geogrid.展开更多
Partial transient liquid phase （PTLP） bonding of TiC cermet to 06Cr19Ni10 stainless steel was carried out. Impulse pressuring was used to reduce the bonding time, and a Ti/Cu/Nb interlayer was employed to alleviate ...Partial transient liquid phase （PTLP） bonding of TiC cermet to 06Cr19Ni10 stainless steel was carried out. Impulse pressuring was used to reduce the bonding time, and a Ti/Cu/Nb interlayer was employed to alleviate the detrimental effect of interfacial reaction products on the bonding strength. Successful bonding was achieved at 885℃ under a pulsed pressure of 2-10 MPa within durations in the range of 2-8 min, which was notably shortened in comparison with conventional PTLP bonding. Microstructure characterization revealed the o- phase with a limit solubility of Nb, a sequence of Ti-Cu intermetallic phases and solid solutions of Ni and Cu in α＋β Ti in the reaction zone. The maximum shear strength of 106.7 MPa was obtained when the joint was bonded for 5 rain, indicating that a robust metallurgical bonding was achieved. Upon shear loading, the joints fractured along the Ti-Cu intermetallics interface and spread to the interior of TiC cermet in a brittle cleavage manner.展开更多
Nanoporous copper with nano-scale pore size was synthesized by dealloying Mn-Cu precursor alloy using a free corrosion method. The effects of heat treatment of Mn-Cu precursors on alloy phase, morphology and compositi...Nanoporous copper with nano-scale pore size was synthesized by dealloying Mn-Cu precursor alloy using a free corrosion method. The effects of heat treatment of Mn-Cu precursors on alloy phase, morphology and composition of the resultant nanoporous copper were investigated. It is revealed that the compositions distribute homogeneously in the bulk Mn-Cu precursors, which consequently results in a more fully dealloying for forming nanoporous copper. The alloy phase changes from Cuo.a9Mno.51 and Cuo.21Mno.79 of non-thermally treated precursor to Cuo.33Mn0.67 of heat treated alloy. The residual Mn content in nanoporous copper is decreased from 12.97% to 2.04% （molar fraction） made from the precursor without and with 95 h heat treatment. The typical pore shape of nanoporous copper prepared by dealloying the precursor without the heat treatment is divided into two different zones： the uniform bi-continuous structure zone and the blurry or no pore structure zone. Nanoporous copper is of a uniform sponge-like morphology made from the heat-treated precursor, and the average ligament diameter is 40 nm, far smaller than that from the non-thermally treated precursor, in which the average ligament diameter is estimated to be about 70 nm.展开更多
With the help of similar material simulation test,time series system for induced caving of roof in continuous mining under complex backfill in ore body No.92 of Tongkeng Tin Mine was studied. According to the similari...With the help of similar material simulation test,time series system for induced caving of roof in continuous mining under complex backfill in ore body No.92 of Tongkeng Tin Mine was studied. According to the similarity theory,a two-dimensional similar simulation test-bed was constructed. The stress and displacement that change along with the advance of mining were acquired and analyzed automatically by data system. The processes of continuous mining of ore-block in 5 intervals and artificial induced caving of roof were simulated. The results of the test show that ore body remained as safety roof in thickness of 15 m guarantees the safe advance of stoping work face. Caving of safety roof puts in practice at the first two mining intervals when the third interval of continuous mining is finished,and one interval as the safety distance should be kept all the time between stopping and caving. While mining in the last interval,pre-slotting should be implemented first of all,and the roof of the last two mining intervals is caved simultaneously. Only this kind of time series system can be an efficient and safe way for induced caving of roof in continuous mining.展开更多
To protect passengers, absorb enough kinetic energy and meet the special requirements for trains which are different from the other means of transportation, a method is presented to realize the plastic deformation thr...To protect passengers, absorb enough kinetic energy and meet the special requirements for trains which are different from the other means of transportation, a method is presented to realize the plastic deformation threshold based on three main aspects of train connection structure, crashworthy vehicle structure, energy-absorbing component. In practical engineering, trains need enough strength and stiffness to transfer longitudinal force under the normal operation condition, and have to produce controllable large plastic dcfbrmation to absorb energy shortly under the collision condition. To realize the structural damage threshold of connecting structure in terminal end, two control methods are also proposed which can be divided as the parametric method based on ＇extrusion＇ and ＇cutting＇ theories; the method which can cut the connecting components between coupler-buffer devices and train bodies and separate them away when the damage thresholds of coupler-buffer devices are more than the pre-supposed damage thresholds. The damage thresholds can be realized based on changing the parameters of the number of shearing bolts, material parameters, etc. To realize the collision threshold of energy-absorbing components of trains, a control method is presented based on the ways of setting plastic deformation induced structure, local hole and pre-deformation structure. To realize the threshold of the controllable plastic structure of energy-absorbing vehicles, a control method is proposed for the multi-level longitudinal stiffness of train terminal structures.展开更多
Structure of the octagon-type ultrasonic motor was proposed and designed so as to allow the motor to drive small actuator. The stator of the motor consisted of the octagon shape elastic body and four rectangular plate...Structure of the octagon-type ultrasonic motor was proposed and designed so as to allow the motor to drive small actuator. The stator of the motor consisted of the octagon shape elastic body and four rectangular plate ceramics. The four ceramics were attached to outer surfaces of the octagon elastic body. The same phase voltages were applied to the ceramics on horizontal surfaces, and 90° phase difference voltages were applied to the ceramics on vertical surfaces. When the AC voltage with 90° phase difference was applied in ceramics, the elliptical displacement of unimorph bars was generated by generating bending vibration. To find the maximum displacement model that generates elliptical displacement at the centers of the inner surfaces, the finite element analysis program ATILA was used. The analyzed results were compared to the experimental results. As a result, the speed and torque are increased linearly by increasing the input voltage and the speed of motors can be controlled by changing the applied voltages.展开更多
文摘A model of continuous-time insider trading in which a risk-neutral in-sider possesses two imperfect correlated signals of a risky asset is studied.By conditional expectation theory and filtering theory,we first establish three lemmas:normal corre-lation,equivalent pricing and equivalent profit,which can guarantee to turn our model into a model with insider knowing full information.Then we investigate the impact of the two correlated signals on the market equilibrium consisting of optimal insider trading strategy and semi-strong pricing rule.It shows that in the equilibrium,(1)the market depth is constant over time;(2)if the two noisy signals are not linerly correlated,then all private information of the insider is incorporated into prices in the end while the whole information on the asset value can not incorporated into prices in the end;(3)if the two noisy signals are linear correlated such that the insider can infer the whole information of the asset value,then our model turns into a model with insider knowing full information;(4)if the two noisy signals are the same then the total ex ant profit of the insider is increasing with the noise decreasing,while down to O as the noise going up to infinity;(5)if the two noisy signals are not linear correlated then with one noisy signal fixed,the total ex ante profit of the insider is single-peaked with a unique minimum with respect to the other noisy signal value,and furthermore as the noisy value going to O it gets its maximum,the profit in the case that the real value is observed.
基金Projects(51278216,51478201)supported by the National Natural Science Foundation of China
文摘Geogrid has been extensively used in geotechnical engineering practice due to its effectiveness and economy. Deep insight into the interaction between the backfill soil and the geogrid is of great importance for proper design and construction of geogrid reinforced earth structures. Based on the calibrated model of sand and geogrid, a series of numerical pullout tests are conducted using PFC^(3D) under special considerations of particle angularity and aperture geometry of the geogrid. In this work, interface characteristics regarding the displacement and contact force developed among particles and the deformation and force distribution along the geogrid are all visualized with PFC^(3D) simulations so that new understanding on how geogrid-soil interaction develops under pullout loads can be obtained. Meanwhile, a new variable named fabric anisotropy coefficient is introduced to evaluate the inherent relationship between macroscopic strength and microscopic fabric anisotropy. A correlation analysis is adopted to compare the accuracy between the newly-proposed coefficient and the most commonly used one. Furthermore, additional pullout tests on geogrid with four different joint protrusion heights have been conducted to investigate what extent and how vertical reinforcement elements may result in reinforcement effects from perspectives of bearing resistance contribution, energy dissipation, as well as volumetric response. Numerical results show that both the magnitude and the directional variation of normal contact forces govern the development of macroscopic strength and the reinforcing effects of joint protrusion height can be attributed to the accelerated energy dissipation across the particle assembly and the intensive mobilization of the geogrid.
基金Project(51421001)supported by the National Natural Science Foundation of ChinaProjects(106112015CDJXZ138803,106112015CDJXY130003)supported by the Fundamental Research Funds for the Central Universities,China
文摘Partial transient liquid phase （PTLP） bonding of TiC cermet to 06Cr19Ni10 stainless steel was carried out. Impulse pressuring was used to reduce the bonding time, and a Ti/Cu/Nb interlayer was employed to alleviate the detrimental effect of interfacial reaction products on the bonding strength. Successful bonding was achieved at 885℃ under a pulsed pressure of 2-10 MPa within durations in the range of 2-8 min, which was notably shortened in comparison with conventional PTLP bonding. Microstructure characterization revealed the o- phase with a limit solubility of Nb, a sequence of Ti-Cu intermetallic phases and solid solutions of Ni and Cu in α＋β Ti in the reaction zone. The maximum shear strength of 106.7 MPa was obtained when the joint was bonded for 5 rain, indicating that a robust metallurgical bonding was achieved. Upon shear loading, the joints fractured along the Ti-Cu intermetallics interface and spread to the interior of TiC cermet in a brittle cleavage manner.
基金Project(10804101) supported by the National Natural Science Foundation of ChinaProject(9140C6805021008) supported by the State Key Development Program for Basic Research of ChinaProject(2007B08007) supported by the Science and Technology Development Foundation of Chinese Academy of Engineering Physics
文摘Nanoporous copper with nano-scale pore size was synthesized by dealloying Mn-Cu precursor alloy using a free corrosion method. The effects of heat treatment of Mn-Cu precursors on alloy phase, morphology and composition of the resultant nanoporous copper were investigated. It is revealed that the compositions distribute homogeneously in the bulk Mn-Cu precursors, which consequently results in a more fully dealloying for forming nanoporous copper. The alloy phase changes from Cuo.a9Mno.51 and Cuo.21Mno.79 of non-thermally treated precursor to Cuo.33Mn0.67 of heat treated alloy. The residual Mn content in nanoporous copper is decreased from 12.97% to 2.04% （molar fraction） made from the precursor without and with 95 h heat treatment. The typical pore shape of nanoporous copper prepared by dealloying the precursor without the heat treatment is divided into two different zones： the uniform bi-continuous structure zone and the blurry or no pore structure zone. Nanoporous copper is of a uniform sponge-like morphology made from the heat-treated precursor, and the average ligament diameter is 40 nm, far smaller than that from the non-thermally treated precursor, in which the average ligament diameter is estimated to be about 70 nm.
基金Project(50490274) supported by the National Natural Science Foundation of ChinaProject(20050533035) supported by the Specialized Research Fund for the Doctoral Program of Higher Education of ChinaProject(1343-77236) supported by the Doctor Degree Paper Innovation Engineering of Central South University, China
文摘With the help of similar material simulation test,time series system for induced caving of roof in continuous mining under complex backfill in ore body No.92 of Tongkeng Tin Mine was studied. According to the similarity theory,a two-dimensional similar simulation test-bed was constructed. The stress and displacement that change along with the advance of mining were acquired and analyzed automatically by data system. The processes of continuous mining of ore-block in 5 intervals and artificial induced caving of roof were simulated. The results of the test show that ore body remained as safety roof in thickness of 15 m guarantees the safe advance of stoping work face. Caving of safety roof puts in practice at the first two mining intervals when the third interval of continuous mining is finished,and one interval as the safety distance should be kept all the time between stopping and caving. While mining in the last interval,pre-slotting should be implemented first of all,and the roof of the last two mining intervals is caved simultaneously. Only this kind of time series system can be an efficient and safe way for induced caving of roof in continuous mining.
基金Project(2005J002) supported by the Foundation of the Science and Technology Section of the Ministry of Railway of China
文摘To protect passengers, absorb enough kinetic energy and meet the special requirements for trains which are different from the other means of transportation, a method is presented to realize the plastic deformation threshold based on three main aspects of train connection structure, crashworthy vehicle structure, energy-absorbing component. In practical engineering, trains need enough strength and stiffness to transfer longitudinal force under the normal operation condition, and have to produce controllable large plastic dcfbrmation to absorb energy shortly under the collision condition. To realize the structural damage threshold of connecting structure in terminal end, two control methods are also proposed which can be divided as the parametric method based on ＇extrusion＇ and ＇cutting＇ theories; the method which can cut the connecting components between coupler-buffer devices and train bodies and separate them away when the damage thresholds of coupler-buffer devices are more than the pre-supposed damage thresholds. The damage thresholds can be realized based on changing the parameters of the number of shearing bolts, material parameters, etc. To realize the collision threshold of energy-absorbing components of trains, a control method is presented based on the ways of setting plastic deformation induced structure, local hole and pre-deformation structure. To realize the threshold of the controllable plastic structure of energy-absorbing vehicles, a control method is proposed for the multi-level longitudinal stiffness of train terminal structures.
基金Project supported by the Second Stage of Brain Korea 21 Projectssupported by the National Research Foundation of Korea (NRF) Grant funded by the Korea government (MEST) [No.2011-0030806]
文摘Structure of the octagon-type ultrasonic motor was proposed and designed so as to allow the motor to drive small actuator. The stator of the motor consisted of the octagon shape elastic body and four rectangular plate ceramics. The four ceramics were attached to outer surfaces of the octagon elastic body. The same phase voltages were applied to the ceramics on horizontal surfaces, and 90° phase difference voltages were applied to the ceramics on vertical surfaces. When the AC voltage with 90° phase difference was applied in ceramics, the elliptical displacement of unimorph bars was generated by generating bending vibration. To find the maximum displacement model that generates elliptical displacement at the centers of the inner surfaces, the finite element analysis program ATILA was used. The analyzed results were compared to the experimental results. As a result, the speed and torque are increased linearly by increasing the input voltage and the speed of motors can be controlled by changing the applied voltages.
