How does a bank's involvement interplay with a firm's capacity investment? An analysis and comparison of different consortium structures

As nonrecourse project finance (rather than financing on a sovereign basis) is becoming more prevalent worldwide, financing institutions have to collaborate more closely with firms to optimize capacity‐investment and financing decisions. Under this background, this paper presents a stylized Stackelberg games model, taking into account the firm's capacity investment as well as the bank's interest rate and funding ratio decisions. Consortium structures between bank and firm are formalized into five modes based on industry practice, namely, the integrated consortium, pure shareholder funding, bank as leader, full coordination, and bank as follower. The optimality and equilibrium of each of the five modes are analytically derived, and their existence and uniqueness are demonstrated. Valuable economic insights are obtained through both modeling analysis and numerical experiments, with the main findings including the following: (i) a lack of bank financing leads to insufficient capacity investment and poor consortium performance; (ii) interest rate and funding ratio play important but different roles in the bank's risk management; (iii) the bank's proactivity in leading and coordinating the consortium is critical for the two parties’ overall performance; and (iv) if the bank is the follower, the firm's capacity decision is irrelevant to the bank's loan contract, and the consortium cannot be coordinated to the first‐best level of performance.     

上保护层开采底板破坏深度和应力分析研究

上保护层开采导致的底板变形、应力释放会使被保护层内高瓦斯沿着上覆岩层内形成的空隙裂隙结构向上运移，很容易造成所采工作面采空区内瓦斯增加，造成工作面瓦斯超限。以峰峰集团以黄沙矿为研究实例，针对其主采的2号煤层利用FLAC^3D模拟软件进行上保护层开采底板应力研究，揭示了上保护层开采底板应力的规律特性，对于保护层开采工作瓦斯治理具有一定的指导意义。     

Genes Identification,Molecular Docking and Dynamics Simulation Analysis of Laccases from Amylostereum areolatum Provides Molecular Basis of Laccase Bound to Lignin

An obligate mutualistic relationship exists between the fungus Amylostereum areolatum and woodwasp Sirex noctilio. The fungus digests lignin in the host pine, providing essential nutrients for the growing woodwasp larvae. However, the functional properties of this symbiosis are poorly described. In this study, we identified, cloned, and characterized 14 laccase genes from A. areolatum. These genes encoded proteins of 508 to 529 amino acids and contained three typical copper-oxidase domains, necessary to confer laccase activity. Besides, we performed molecular docking and dynamics simulation of the laccase proteins in complex with lignin compounds (monomers, dimers, trimers, and tetramers). AaLac2, AaLac3, AaLac6, AaLac8, and AaLac10 were found that had low binding energies with all lignin model compounds tested and three of them could maintain stability when binding to these compounds. Among these complexes, amino acid residues ALA, GLN, LEU, PHE, PRO, and SER were commonly present. Our study reveals the molecular basis of A. areolatum laccases interacting with lignin, which is essential for understanding how the fungus provides nutrients to S. noctilio. These findings might also provide guidance for the control of S. noctilio by informing the design of enzyme mutants that could reduce the efficiency of lignin degradation.     

计及时间相关性的微能源网鲁棒规划方法

微能源网以能源的梯级利用为原则,可实现风、光等多种新能源的高比例消纳,满足区域内电、热、冷等多种能源需求。微能源网中存在新能源出力与冷、热、电负荷的多重不确定性。为增强系统规划结果的鲁棒性,常采用不确定集表述新能源出力与多种用能需求的不确定性,实现针对微能源网的鲁棒规划设计,往往使系统规划结果过于保守,降低系统经济性。为克服以上问题,规避实际运行中不可能发生的场景,降低系统规划结果的保守性,文章提出一种考虑时间相关性的微能源网鲁棒规划模型。该模型在计及多重源荷不确定性的基础上,进一步考虑新能源出力与冷、热、电负荷的时间相关性。通过算例对传统不确定集与所提出的改进不确定集进行对比分析,验证了所提模型及方法的优越性和有效性。     

A comparative study on the effect of loading speed and surface scratches on the flexural strength of aluminosilicate glass: Annealed vs. chemically strengthened

Quasi-static and dynamic three-point-bending experiments were conducted on both annealed and chemically strengthened aluminosilicate glass scratched by different normal loads. Scratched areas were observed by optical microscope and atomic force microscope. Chemically strengthened glass shows better resistance to surface scratch. These dynamic experiments were carried out using a modified Split Hopkinson Pressure Bar (SHPB) device and a pulse-shaping technique was used to keep constant loading speed to the specimens. In tests, high-speed photography was also used to observe the failure process of the specimens. The test results showed that the flexural strength of aluminosilicate glass (AG) strongly depends on the applied loading speed. Compared with its annealed counterpart, the chemically strengthened glass (CSG) showed higher flexural strength to both static and dynamic loadings. Moreover, the three-point bending experiments were conducted on scratched AG and CSG specimens and decrease of 20–40% in flexural strength was observed. The fractography analysis showed that in dynamic loading conditions the fracture surface was not smooth and has more secondary cracks as compared to static loading.     

基于数值微分核脉冲信号数字处理方法

核反应堆核测量系统测量探测器输出的核脉冲信号，该信号后沿拖尾很长，在计数率较高时容易产生信号堆积和基线漂移等问题，导致源区计数率测量上限仅能达到105 Hz左右。文中基于数值微分方法，采用数字处理技术，在时域上分析了核脉冲信号经过前置放大、信号成形、低通滤波和脉冲甄别后的输出，并利用探测器实测信号进行了仿真。仿真结果表明，基于数值微分的数字处理方法可以实现相邻0.4 μs脉冲信号的识别和测量，将源区测量计数率上限提升到2×106 Hz以上。      

Low Li ion diffusion barrier on low-crystalline FeOOH nanosheets and high performance of energy storage

Nano Research - To obtain symmetric supercapacitors (SCs) with high energy density, it is critical to fabricate an electrode with wide potential window and excellent capacitive performance. Herein,...     

时效工艺对纳米结构2297铝锂合金力学性能与微观组织的影响

采用535 ℃×2 h固溶制度,将热锻态2297铝锂合金固溶水淬后冷轧,冷轧压下量为95%,然后将轧制样品在不同温度(120~190 ℃)和时间(0~80 h)范围内进行时效处理。采用拉伸、扫描电镜(SEM)和透射电镜(TEM)等测试方法,分析时效温度和时间对铝锂合金组织与性能的影响。结果表明:时效前的大塑性变形能获得纳米结构组织,能促进T₁相均匀细小地析出,缩短合金达到峰时效的时间,最终成功制备了高强高塑性铝锂合金。在120~140 ℃温区内时效时,时效温度越高,达到峰时效的时间越短、强度越高。140 ℃达到峰时效时间缩短为40 h,此时合金的抗拉强度、屈服强度和伸长率分别为525 MPa、478 MPa和7.7%,主要强化相为细小的T₁相。在170~190 ℃温区内时效时,时效温度越高,达到峰时效的时间越短,但抗拉强度与屈服强度迅速下降。170 ℃时效8 h达到峰时效状态,此时合金的抗拉强度、屈服强度和伸长率分别是503 MPa、462 MPa和5.0%,主要强化相仍为T₁相,但已经明显粗化。     

百万千瓦级核电站轴封型主泵整机集成试验验证优化方案研究

为确保主泵的安全性和可靠性，主泵整机在完成集成设计后需通过试验进行验证。文中介绍了主泵设计与验证的总体思路，提出了主泵工程样机需开展的整机试验项目。基于已有的试验条件，进行了主泵整机集成试验验证方案的优化和可行性分析。分析结果表明，在充分开展主泵各模块、子模块、部件和材料的试验与分析的基础上，可采用小流量试验方案进行主泵整机集成试验验证。