On multiobjective combinatorial optimization and dynamic interim hedging of efficient portfolios

A dynamic portfolio policy is one that periodically rebalances an optimally diversified portfolio to account for time‐varying correlations. In order to sustain target‐level Sharpe performance ratios between rebalancing points, the efficient portfolio must be hedged with an optimal number of contingent claim contracts. This research presents a mixed‐integer nonlinear goal program (MINLGP) that is directed to solve the hierarchical multiple goal portfolio optimization model when the decision maker is faced with a binary hedging decision between portfolio rebalance periods. The MINLGP applied to this problem is formed by extending the separable programming foundation of a lexicographic nonlinear goal program (NLGP) to include branch‐and‐bound constraints. We establish the economic efficiency of applying this normative approach to dynamic portfolio rebalancing by comparing the risk‐adjusted performance measures of a hedged optimal portfolio to those of a naively diversified portfolio. We find that a hedged equally weighted small portfolio and a hedged efficiently diversified small portfolio perform similarly when comparing risk‐adjusted return metrics. However, when percentile risk measures are used to measure performance, the hedged optimally diversified portfolio clearly produces less expected catastrophic loss than does its nonhedged and naively diversified counterpart.     

Effects of chemical reaction on free convection flow through a porous medium bounded by a vertical surface

The effect of a chemical reaction on a free convection flow through a porous medium bounded by a vertical infinite surface has been studied. Velocity, temperature, and concentration profiles have been obtained for different values of parameters like the Grashof number, Prandtl number, and the chemical reaction parameter in the presence of homogeneous chemical reaction of first order. It is observed that the velocity and concentration increase during a generative reaction and decrease in a destructive reaction. The same is true for the behavior of the fluid temperature. The presence of the porous media diminishes the temperature.     

Low noise wide bandgap SiC based IMPATT diodes at sub-millimeter wave frequencies and at high temperature

We have presented a comparative account of the high frequency prospective as well as noise behaviors of wide-bandgap 4H-SiC and 6H-SiC based on different structures of IMPATT diodes at sub-millimeter-wave frequencies up to 2.18 THz. The computer simulation study establishes the feasibility of the SiC based IMPATT diode as a high power density terahertz source. The most significant feature lies in the noise behavior of the SiC IMPATT diodes. It is noticed that the 6H-SiC DDR diode shows the least noise measure of 26.1 dB as compared to that of other structures. Further, it is noticed that the noise measure of the SiC IMPATT diode is less at a higher operating frequency compared to that at a lower operating frequency.     

Performance analysis of a novel hybrid push–pull algorithm with QoS adaptations in wireless networks

In this paper, we present a novel hybrid push–pull algorithm which combines broadcasting of push data items, with dissemination upon request of pull items in asymmetric communication environments. These environments are made up only of one database server and many clients. Requests made by the clients are queued up for the pull items. The (pull) item with the number of pending requests is the one selected to be pulled. We present a performance analysis of our scheme, and determine the individual response time for each item disseminated and the overall time for the pull queue to be flushed. Next, we extend our algorithm by incorporating quality of service (QoS) factors, and then, study its performance analytically.     

Posterior tibial neuropathy from ruptured Baker''s cyst

BACKGROUND: There is epidemiological evidence that suggests there are beneficial effects of ionizing radiation at low doses. Some experimental studies confirmed this hormetic effect with doses of about 1 cGy/day, but no data concerning very low dose rates are available. OBJECTIVE: The aim of this study was to determine the life span of mice exposed to very low doses of ionizing radiation. METHODS: Six hundred female C57BL/6 mice, 1 month old, were exposed to chronic gamma irradiation at very low dose rates of 7 or 14 cGy/year. These doses are about 25 or 50 times higher than background, but much lower than the doses of about 1 cGy/day used in previous experiments. Three hundred mice living in the same room were used as controls. RESULTS: The life span, after the beginning of the experiment, determined by the survival time of 50% of each population, is increased in irradiated mice: 549 days in controls, 673 days in both irradiated groups. The differences are significant between the control and the irradiation mice. Differences between mice irradiated with 7 or 14 cGy are not significant. CONCLUSIONS: These results confirm the possibility of a nonharmful effect (hormesis) of ionizing radiation. They demonstrate that the paradigm, which states that low-dose effects can be predicted high-dose effects, cannot be systematically applied in radiation biology in general and gerontology in particular.     

Solid-state characterization of AG337 (Thymitaq), a novel antitumor drug

AG337 (Thymitaq) is an antitumor compound synthesized by Agouron Pharmaceuticals, Inc., using protein structure-based drug design. AG337 is a hydrochloride salt with a molecular formula of C14H12N4OS.2HCl. This compound was subjected to thermal analyses, Karl Fischer titrimetry, powder X-ray diffractometry, scanning electron microscopy, and FTIR. On the basis of the Karl Fischer and thermogravimetric analysis, it was conclude to be a dihydrate. The differential scanning calorimetric studies revealed, that on heating, AG337 dehydrates and form a metastable form with a melting point of 213 degrees C followed by crystallization into a stable form at 261 degrees C. This stable form was finally melted at 312 degrees C with decomposition. On the basis of the FTIR and HPLC studies, it was concluded that the final exothermic peak at 320 degrees C was due to sample decomposition. The powder X-ray diffraction studies confirmed the existence of these two polymorphs of AG337. Scanning electron microscopic studies revealed that the crystal habits of both the polymorphs were quite different. FTIR spectra of both the polymorphs showed pronounced difference in the range of 600-1800 cm-1.