In this paper,we investigated the profitability of technical analysis as applied to the stock markets of the BRICS member nations.In addition,we searched for evidence that technical analysis and fundamental analysis c...In this paper,we investigated the profitability of technical analysis as applied to the stock markets of the BRICS member nations.In addition,we searched for evidence that technical analysis and fundamental analysis can complement each other in these markets.To implement this research,we created a comprehensive portfolio containing the assets traded in the markets of each BRICS member.We developed an automated trading system that simulated transactions in this portfolio using technical analysis techniques.Our assessment updated the findings of previous research by including more recent data and adding South Africa,the latest member included in BRICS.Our results showed that the returns obtained by the automated system,on average,exceeded the value invested.There were groups of assets from each country that performed well above the portfolio average,surpassing the returns obtained using a buy and hold strategy.The returns from the sample portfolio were very strong in Russia and India.We also found that technical analysis can help fundamental analysis identify the most dynamic companies in the stock market.展开更多
GB 6675-2003 National Safety Technical Code for Toys, which is a compulsory national standard and developed in accordance with the Standardization Law of P. R. China and the Product Quality Law of P. R. China, has bee...GB 6675-2003 National Safety Technical Code for Toys, which is a compulsory national standard and developed in accordance with the Standardization Law of P. R. China and the Product Quality Law of P. R. China, has been officially issued on Oct. 9th, 2003. After a transition period of one year, the standard has come into effect on Oct. 1, 2004, instead of GB 6675-1986 Safety of Toys. The standard applies to all toys, i.e. any product or material designed or clearly intended for use in play by children under 14 years old. Toys, produced or sold in national market, including the imported, probational and complimentary toys, should accord with GB 6675-2003.展开更多
The idea of this study is derived from observing the profitability of stock investments following the phenomena of continuously rising(or falling)prices of stocks and continuously overbought(or oversold)signals emitte...The idea of this study is derived from observing the profitability of stock investments following the phenomena of continuously rising(or falling)prices of stocks and continuously overbought(or oversold)signals emitted by technical indicators.We employ the standard event study approach and technical trading strategies to explore whether investors would exploit profits in trading the constituent stocks of the Korea Composite Stock Price Index 50 and Shanghai Stock Exchange 50 when the aforementioned continuous phenomena occur.We find that both the Korean and Chinese stock markets are not fully efficient;this finding may enhance the robustness of the existing literature.In addition,we reveal that contrarian strategies are appropriate for the trading stocks listed on the Korean stock market for all the cases investigated in this study.However,momentum strategies are appropriate for the Chinese stock market when continuously rising stock prices and overbought signals are simultaneously observed.These findings imply that the difference in investor behaviors between the Korean and Chinese stock markets might result in dissimilar trading strategies being employed for these two markets.展开更多
In the present work,the conventional natural gas dehydration method(CDM)and stripping gas method(SGM)are technically and economically analyzed,utilizing Aspen HYSYS and Aspen Process Economic Analyzer(APEA),respective...In the present work,the conventional natural gas dehydration method(CDM)and stripping gas method(SGM)are technically and economically analyzed,utilizing Aspen HYSYS and Aspen Process Economic Analyzer(APEA),respectively.To optimize the CDM and SGM,the sensitivities of the water content of dry gas,reboiler duty and raw material loss are analyzed against solvent rate and stripping gas rate.The optimized processes are set to achieve a targeted value of water content in dry gas and analyzed at optimized point.The analysis shows that SGM gives 46%lower TEG feed rate,42%lower reboiler duty and 99.97%pure regenerated TEG.Moreover,economic analysis reveals that SGM has 38%lower annual operating cost compared to CDM.According to results,from both technical and economic point of view,SGM is more feasible for natural gas dehydration compared to CDM.展开更多
In this research we are going to define two new concepts: a) “The Potential of Events” (EP) and b) “The Catholic Information” (CI). The term CI derives from the ancient Greek language and declares all the Catholic...In this research we are going to define two new concepts: a) “The Potential of Events” (EP) and b) “The Catholic Information” (CI). The term CI derives from the ancient Greek language and declares all the Catholic (general) Logical Propositions (<img src="Edit_5f13a4a5-abc6-4bc5-9e4c-4ff981627b2a.png" width="33" height="21" alt="" />) which will true for every element of a set A. We will study the Riemann Hypothesis in two stages: a) By using the EP we will prove that the distribution of events e (even) and o (odd) of Square Free Numbers (SFN) on the axis Ax(N) of naturals is Heads-Tails (H-T) type. b) By using the CI we will explain the way that the distribution of prime numbers can be correlated with the non-trivial zeros of the function <em>ζ</em>(<em>s</em>) of Riemann. The Introduction and the Chapter 2 are necessary for understanding the solution. In the Chapter 3 we will present a simple method of forecasting in many very useful applications (e.g. financial, technological, medical, social, etc) developing a generalization of this new, proven here, theory which we finally apply to the solution of RH. The following Introduction as well the Results with the Discussion at the end shed light about the possibility of the proof of all the above. The article consists of 9 chapters that are numbered by 1, 2, …, 9.展开更多
India is very rich in solar energy,with a total of 3000 sunshine hours annually in most places.The installation of on-grid rooftop electricity-generation photovoltaic(PV)systems is currently undergoing substantial gro...India is very rich in solar energy,with a total of 3000 sunshine hours annually in most places.The installation of on-grid rooftop electricity-generation photovoltaic(PV)systems is currently undergoing substantial growth and extension as an alternate source of energy that contributes to Indian buildings.This paper analyses the viability of mounting solar PV plants in distinct cities of India in various locations with different climate conditions such as Delhi,Bhopal,Udaipur,Ahmadabad,Thiruvananthapuram,Pune and Madurai.The technical feasibility of installing a 100-kWp system is evaluated using PVsyst software under local climatic conditions.The performance ratio is between 70%and 80%,with a capacity utilization factor of 19-21%and estimated energy output of 170 MWh annually at all sites.The system produces 400-500 kWh of energy daily at a per-unit cost of INR 6-7(Indian rupees)in all locations.The lifespan of the system is~25-30 years,reducing about 150-170 tons of carbon-dioxide emission to the atmosphere every year.The payback period of the system is~5-6 years,which defines its feasibility.This information would encourage organizations and individuals to install such PV plants on the rooftops of buildings to use solar electricity for meeting the energy demands of the country.展开更多
文摘In this paper,we investigated the profitability of technical analysis as applied to the stock markets of the BRICS member nations.In addition,we searched for evidence that technical analysis and fundamental analysis can complement each other in these markets.To implement this research,we created a comprehensive portfolio containing the assets traded in the markets of each BRICS member.We developed an automated trading system that simulated transactions in this portfolio using technical analysis techniques.Our assessment updated the findings of previous research by including more recent data and adding South Africa,the latest member included in BRICS.Our results showed that the returns obtained by the automated system,on average,exceeded the value invested.There were groups of assets from each country that performed well above the portfolio average,surpassing the returns obtained using a buy and hold strategy.The returns from the sample portfolio were very strong in Russia and India.We also found that technical analysis can help fundamental analysis identify the most dynamic companies in the stock market.
文摘GB 6675-2003 National Safety Technical Code for Toys, which is a compulsory national standard and developed in accordance with the Standardization Law of P. R. China and the Product Quality Law of P. R. China, has been officially issued on Oct. 9th, 2003. After a transition period of one year, the standard has come into effect on Oct. 1, 2004, instead of GB 6675-1986 Safety of Toys. The standard applies to all toys, i.e. any product or material designed or clearly intended for use in play by children under 14 years old. Toys, produced or sold in national market, including the imported, probational and complimentary toys, should accord with GB 6675-2003.
文摘The idea of this study is derived from observing the profitability of stock investments following the phenomena of continuously rising(or falling)prices of stocks and continuously overbought(or oversold)signals emitted by technical indicators.We employ the standard event study approach and technical trading strategies to explore whether investors would exploit profits in trading the constituent stocks of the Korea Composite Stock Price Index 50 and Shanghai Stock Exchange 50 when the aforementioned continuous phenomena occur.We find that both the Korean and Chinese stock markets are not fully efficient;this finding may enhance the robustness of the existing literature.In addition,we reveal that contrarian strategies are appropriate for the trading stocks listed on the Korean stock market for all the cases investigated in this study.However,momentum strategies are appropriate for the Chinese stock market when continuously rising stock prices and overbought signals are simultaneously observed.These findings imply that the difference in investor behaviors between the Korean and Chinese stock markets might result in dissimilar trading strategies being employed for these two markets.
基金financially supported by the National Research and Development Program of China(2017YFC0210900)the National Natural Science Foundation of China(21978011)。
文摘In the present work,the conventional natural gas dehydration method(CDM)and stripping gas method(SGM)are technically and economically analyzed,utilizing Aspen HYSYS and Aspen Process Economic Analyzer(APEA),respectively.To optimize the CDM and SGM,the sensitivities of the water content of dry gas,reboiler duty and raw material loss are analyzed against solvent rate and stripping gas rate.The optimized processes are set to achieve a targeted value of water content in dry gas and analyzed at optimized point.The analysis shows that SGM gives 46%lower TEG feed rate,42%lower reboiler duty and 99.97%pure regenerated TEG.Moreover,economic analysis reveals that SGM has 38%lower annual operating cost compared to CDM.According to results,from both technical and economic point of view,SGM is more feasible for natural gas dehydration compared to CDM.
文摘In this research we are going to define two new concepts: a) “The Potential of Events” (EP) and b) “The Catholic Information” (CI). The term CI derives from the ancient Greek language and declares all the Catholic (general) Logical Propositions (<img src="Edit_5f13a4a5-abc6-4bc5-9e4c-4ff981627b2a.png" width="33" height="21" alt="" />) which will true for every element of a set A. We will study the Riemann Hypothesis in two stages: a) By using the EP we will prove that the distribution of events e (even) and o (odd) of Square Free Numbers (SFN) on the axis Ax(N) of naturals is Heads-Tails (H-T) type. b) By using the CI we will explain the way that the distribution of prime numbers can be correlated with the non-trivial zeros of the function <em>ζ</em>(<em>s</em>) of Riemann. The Introduction and the Chapter 2 are necessary for understanding the solution. In the Chapter 3 we will present a simple method of forecasting in many very useful applications (e.g. financial, technological, medical, social, etc) developing a generalization of this new, proven here, theory which we finally apply to the solution of RH. The following Introduction as well the Results with the Discussion at the end shed light about the possibility of the proof of all the above. The article consists of 9 chapters that are numbered by 1, 2, …, 9.
文摘India is very rich in solar energy,with a total of 3000 sunshine hours annually in most places.The installation of on-grid rooftop electricity-generation photovoltaic(PV)systems is currently undergoing substantial growth and extension as an alternate source of energy that contributes to Indian buildings.This paper analyses the viability of mounting solar PV plants in distinct cities of India in various locations with different climate conditions such as Delhi,Bhopal,Udaipur,Ahmadabad,Thiruvananthapuram,Pune and Madurai.The technical feasibility of installing a 100-kWp system is evaluated using PVsyst software under local climatic conditions.The performance ratio is between 70%and 80%,with a capacity utilization factor of 19-21%and estimated energy output of 170 MWh annually at all sites.The system produces 400-500 kWh of energy daily at a per-unit cost of INR 6-7(Indian rupees)in all locations.The lifespan of the system is~25-30 years,reducing about 150-170 tons of carbon-dioxide emission to the atmosphere every year.The payback period of the system is~5-6 years,which defines its feasibility.This information would encourage organizations and individuals to install such PV plants on the rooftops of buildings to use solar electricity for meeting the energy demands of the country.
