The Impact of Short-Sale Constraints on Asset Allocation Strategies via the Backward Markov Chain Approximation Method

This paper considers an asset allocation strategy over a finite period under investment uncertainty and short-sale constraints as a continuous-time stochastic control problem. Investment uncertainty is characterised by a stochastic interest rate and inflation risk. If there are no short-sale constraints, the optimal asset allocation strategy can be obtained analytically. We consider several kinds of short-sale constraints and employ the backward Markov chain approximation method to explore the impact of short-sale constraints on asset allocation decisions. Our results show that the short-sale constraints do indeed have a significant impact on these decisions.     

Robust support vector regression networks for function approximation with outliers

Support vector regression (SVR) employs the support vector machine (SVM) to tackle problems of function approximation and regression estimation. SVR has been shown to have good robust properties against noise. When the parameters used in SVR are improperly selected, overfitting phenomena may still occur. However, the selection of various parameters is not straightforward. Besides, in SVR, outliers may also possibly be taken as support vectors. Such an inclusion of outliers in support vectors may lead to seriously overfitting phenomena. In this paper, a novel regression approach, termed as the robust support vector regression (RSVR) network, is proposed to enhance the robust capability of SVR. In the approach, traditional robust learning approaches are employed to improve the learning performance for any selected parameters. From the simulation results, our RSVR can always improve the performance of the learned systems for all cases. Besides, it can be found that even the training lasted for a long period, the testing errors would not go up. In other words, the overfitting phenomenon is indeed suppressed.     

A comparison of different postures for scaffold end-frame disassembly

Overexertion and fall injuries comprise the largest category of nonfatal injuries among scaffold workers. This study was conducted to identify the most favourable scaffold end-frame disassembly techniques and evaluate the associated slip potential by measuring whole-body isometric strength capability and required coefficient of friction (RCOF) to reduce the incidence of injury. Forty-six male construction workers were used to study seven typical postures associated with scaffold end-frame disassembly. An analysis of variance (ANOVA) showed that the isometric forces (334.4-676.3 N) resulting from the seven postures were significantly different (p < 0.05). Three of the disassembly postures resulted in considerable biomechanical stress to workers. The symmetric front-lift method with hand locations at knuckle height would be the most favourable posture; at least 93% of the male construction worker population could handle the end frame with minimum overexertion risk. The static RCOF value resulting from this posture during the disassembly phase was less than 0.2, thus the likelihood of a slip should be low.     

A new video-synchronized multichannel biomedical data acquisition system

This data acquisition system records video frames onto a video tape, and simultaneously acquires biomedical data along with video time codes onto a computer hard disk to achieve a 30-min video-synchronized data recording with a summed data rate of 2.16 Mbit/s. A time-code-bridge-file created during acquisition matches each video frame-start with the corresponding index number of the acquired data. The mean synchronization accuracy of the system is 0.22 ms.     

Equivalent lateral force procedure for the seismic story drift design of tall frames using a hand‐calculated approach

The basic theory of the cantilever moment distribution method and the application of this method to conduct the equivalent lateral force procedure for the seismic design of tall frames are discussed in detail. Deflection–rotation formulas are introduced in this paper to determine the relative lateral story deflections and the joint rotations of laterally loaded rigid frames. An example is presented to conduct the seismic story drift design of a multistory, multi‐bay, moment‐resisting reinforced concrete frame using the cantilever moment distribution method and the deflection–rotation formulas developed in this paper. The hand‐calculated approach presented in the example can be used as a rapid and accurate method to determine the story drift for any laterally loaded multistory, multi‐bay rigid frames that are composed of identical single‐bay symmetrical bents. The following are the advantages of using this rapid approach: (1) this approach can be carried out by using hand calculations only (without the use of computer computations); (2) the results obtained from this approach are as accurate as those derived from the traditional moment distribution and the slope deflection methods; and (3) the results obtained from this approach can be used to verify the accuracy of the results obtained from computer computations. Copyright © 2005 John Wiley & Sons, Ltd.     

Cell surface proteoglycans are necessary for A27L protein-mediated cell fusion: identification of the N-terminal region of A27L protein as the glycosaminoglycan-binding domain

We previously showed that vaccinia virus infection of BSC40 cells was blocked by soluble heparin, suggesting that cell surface heparan sulfate mediates vaccinia virus binding (C.-S. Chung, J.-C. Hsiao, Y. -S. Chang, and W. Chang, J. Virol. 72:1577-1585, 1998). In this study, we extended our previous work and demonstrated that soluble A27L protein bound to heparan sulfate on cells and interfered with vaccinia virus infection at a postbinding step. In addition, we investigated the structure of A27L protein that provides for its binding to heparan sulfate on cells. A mutant of A27L protein, named D-A27L, devoid of a cluster of 12 amino acids rich in basic residues, was constructed. In contrast to the soluble A27L protein, purified D-A27L protein was inactive in all of our assays, including binding to heparin in vitro, binding to heparan sulfate on cells, and the ability to block virus infection. These data demonstrated that the N-terminal region acts as a glycosaminoglycan (GAG)-binding domain critical for A27L protein binding to cells. Previously A27L protein was thought to be involved in fusion of virus-infected cells induced by acid treatment. When we investigated whether cell surface GAGs also participate in A27L-dependent fusion, our results indicated that soluble A27L protein blocked cell fusion, whereas D-A27L protein did not. Taken together, the results therefore demonstrated that A27L-mediated cell fusion is triggered by its interaction with cell surface GAGs through the N-terminal domain.     

Design of piecewise constant gains for optimal control via Walsh functions

This paper presents a technique for determinating time-varying feedback gains of linear systems with quadratic performance criteria. The gains are approximated by the piecewise constants which axe naturally determined by Walsh functions. After introducing Walsh functions in the beginning we develop an operational matrix for solving state equations. Then using the operational matrix we solve the piecewise constant gains problem.     

Analysis of licking responses in rats: Effects of cholecystokinin and bombesin.

Compared the effects of cholecystokinin (CCK) and bombesin (BBS) on the consummatory response in male albino rats in 3 experiments. The normal licking response pattern did not change as the meal progressed; no predictor was found to indicate when the meal would terminate. Licks normally occurred at about 6/sec, but there were a few licks that occurred at about 3/sec with no licking occurring in the intermediate range; thus, a distinctive bimodal frequency distribution of the interlick interval was formed. CCK reduced the intake of milk and the related licking indices as expected, but it also induced an unusual licking pattern: The contact duration was shortened, the interlick interval was lengthened, and there was an increase in the proportion of licks with long interlick intervals, the effects that accentuated the bimodality of the distribution of interlick intervals. BBS reduced the intake and the related licking indices. The CCK effect may be mediated partially by a change in the motor aspect of the consummatory response; however, BBS reduced intake by simply decreasing the number of licks and shortening the intake duration. BBS may be a candidate for a natural satiety hormone. (37 ref) (PsycINFO Database Record (c) 2010 APA, all rights reserved)     

Studies of the mesophase development in polymeric fibers during deformation by synchrotron SAXS/WAXD

On-line structural and morphological studies on Kevlar 49 and isotactic polypropylene (iPP) fibers during deformation were carried out using synchrotron small-angle X-ray scattering (SAXS) and wide-angle X-ray diffraction (WAXD). A novel image analysis method was used to extract quantitative fractions of the crystal phase, the amorphous phase and a mesomorphic (intermediate) phase from two-dimensional (2D) WAXD patterns. Results showed that about 20 wt% in the Kevlar 49 fiber had an intermediate mesophase morphology. The transitions between crystal phase, amorphous phase and mesophase were not obvious during deformation of Kevlar 49 fiber at room temperatures. 2D SAXS patterns indicated that the superstructure of the Kevlar 49 fiber was fibril in nature. 2D WAXD results of iPP fibers showed that the -form crystals were quite defective in the initial state and were converted to the well-known mesomorphic form by drawing at room temperatures. The mesophase in Kevlar 49 fibers was then compared with that in iPP fibers. The shape of one-dimensional equatorial peak of the mesophase in the iPP fiber was similar to that in the Kevlar fiber, indicating that the mesophase in both iPP and Kevlar fibers could be similar in some aspects of molecular arrangement. Corresponding 2D SAXS patterns showed that there was no obvious long period in the mesophase of the drawn iPP fiber. We speculate that the constituents of the mesomorphic fraction extracted in the drawn iPP fibers may consist of partially oriented bundles of helical chains with random helical hands as well as oriented chains with no helical structures (consisting of stereo/tacticity defects). The latter is similar to the mesophase of rigid chains in Kevlar fibers, consisting of only oriented chains with no helical structures.     

Mobile Learning

Works in progress from selected papers presented at the 2006 IADIS International Conference on Mobile Learning provide an overview of the diverse research being conducted in this field.