Swing Pricing and Fragility in Open-end Mutual Funds
Swing Pricing and Fragility in Open-end Mutual Funds

Author: Dunhong Jin

Publisher: International Monetary Fund

Published: 2019-11-01

Total Pages: 46

ISBN-13: 1513519492

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How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.

Musculoskeletal Disorders and the Workplace
Musculoskeletal Disorders and the Workplace

Author: Institute of Medicine

Publisher: National Academies Press

Published: 2001-05-24

Total Pages: 510

ISBN-13: 0309132991

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Every year workers' low-back, hand, and arm problems lead to time away from jobs and reduce the nation's economic productivity. The connection of these problems to workplace activities-from carrying boxes to lifting patients to pounding computer keyboards-is the subject of major disagreements among workers, employers, advocacy groups, and researchers. Musculoskeletal Disorders and the Workplace examines the scientific basis for connecting musculoskeletal disorders with the workplace, considering people, job tasks, and work environments. A multidisciplinary panel draws conclusions about the likelihood of causal links and the effectiveness of various intervention strategies. The panel also offers recommendations for what actions can be considered on the basis of current information and for closing information gaps. This book presents the latest information on the prevalence, incidence, and costs of musculoskeletal disorders and identifies factors that influence injury reporting. It reviews the broad scope of evidence: epidemiological studies of physical and psychosocial variables, basic biology, biomechanics, and physical and behavioral responses to stress. Given the magnitude of the problem-approximately 1 million people miss some work each year-and the current trends in workplace practices, this volume will be a must for advocates for workplace health, policy makers, employers, employees, medical professionals, engineers, lawyers, and labor officials.

Building Performance Simulation for Design and Operation
Building Performance Simulation for Design and Operation

Author: Jan L.M. Hensen

Publisher: Routledge

Published: 2012-09-10

Total Pages: 538

ISBN-13: 1134026358

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Effective building performance simulation can reduce the environmental impact of the built environment, improve indoor quality and productivity, and facilitate future innovation and technological progress in construction. It draws on many disciplines, including physics, mathematics, material science, biophysics and human behavioural, environmental and computational sciences. The discipline itself is continuously evolving and maturing, and improvements in model robustness and fidelity are constantly being made. This has sparked a new agenda focusing on the effectiveness of simulation in building life-cycle processes. Building Performance Simulation for Design and Operation begins with an introduction to the concepts of performance indicators and targets, followed by a discussion on the role of building simulation in performance-based building design and operation. This sets the ground for in-depth discussion of performance prediction for energy demand, indoor environmental quality (including thermal, visual, indoor air quality and moisture phenomena), HVAC and renewable system performance, urban level modelling, building operational optimization and automation. Produced in cooperation with the International Building Performance Simulation Association (IBPSA), and featuring contributions from fourteen internationally recognised experts in this field, this book provides a unique and comprehensive overview of building performance simulation for the complete building life-cycle from conception to demolition. It is primarily intended for advanced students in building services engineering, and in architectural, environmental or mechanical engineering; and will be useful for building and systems designers and operators.

Columbia Crew Survival Investigation Report
Columbia Crew Survival Investigation Report

Author: Nasa

Publisher: PDQ Press

Published: 2009

Total Pages: 400

ISBN-13: 9780979828898

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NASA commissioned the Columbia Accident Investigation Board (CAIB) to conduct a thorough review of both the technical and the organizational causes of the loss of the Space Shuttle Columbia and her crew on February 1, 2003. The accident investigation that followed determined that a large piece of insulating foam from Columbia's external tank (ET) had come off during ascent and struck the leading edge of the left wing, causing critical damage. The damage was undetected during the mission. The Columbia accident was not survivable. After the Columbia Accident Investigation Board (CAIB) investigation regarding the cause of the accident was completed, further consideration produced the question of whether there were lessons to be learned about how to improve crew survival in the future. This investigation was performed with the belief that a comprehensive, respectful investigation could provide knowledge that can protect future crews in the worldwide community of human space flight. Additionally, in the course of the investigation, several areas of research were identified that could improve our understanding of both nominal space flight and future spacecraft accidents. This report is the first comprehensive, publicly available accident investigation report addressing crew survival for a human spacecraft mishap, and it provides key information for future crew survival investigations. The results of this investigation are intended to add meaning to the sacrifice of the crew's lives by making space flight safer for all future generations.

Fundamentals of Fluid Film Lubrication
Fundamentals of Fluid Film Lubrication

Author: Bernard J. Hamrock

Publisher: CRC Press

Published: 2004-03-15

Total Pages: 747

ISBN-13: 1135537755

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Specifically focusing on fluid film, hydrodynamic, and elastohydrodynamic lubrication, this edition studies the most important principles of fluid film lubrication for the correct design of bearings, gears, and rolling operations, and for the prevention of friction and wear in engineering designs. It explains various theories, procedures, and equations for improved solutions to machining challenges. Providing more than 1120 display equations and an introductory section in each chapter, Fundamentals of Fluid Film Lubrication, Second Edition facilitates the analysis of any machine element that uses fluid film lubrication and strengthens understanding of critical design concepts.

The Paradox of Power
The Paradox of Power

Author: David C. Gompert

Publisher: Government Printing Office

Published: 2020

Total Pages: 236

ISBN-13: 9780160915734

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The second half of the 20th century featured a strategic competition between the United States and the Soviet Union. That competition avoided World War III in part because during the 1950s, scholars like Henry Kissinger, Thomas Schelling, Herman Kahn, and Albert Wohlstetter analyzed the fundamental nature of nuclear deterrence. Decades of arms control negotiations reinforced these early notions of stability and created a mutual understanding that allowed U.S.-Soviet competition to proceed without armed conflict. The first half of the 21st century will be dominated by the relationship between the United States and China. That relationship is likely to contain elements of both cooperation and competition. Territorial disputes such as those over Taiwan and the South China Sea will be an important feature of this competition, but both are traditional disputes, and traditional solutions suggest themselves. A more difficult set of issues relates to U.S.-Chinese competition and cooperation in three domains in which real strategic harm can be inflicted in the current era: nuclear, space, and cyber. Just as a clearer understanding of the fundamental principles of nuclear deterrence maintained adequate stability during the Cold War, a clearer understanding of the characteristics of these three domains can provide the underpinnings of strategic stability between the United States and China in the decades ahead. That is what this book is about.

Wearable Robots
Wearable Robots

Author: José L. Pons

Publisher: John Wiley & Sons

Published: 2008-04-15

Total Pages: 358

ISBN-13: 0470987650

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A wearable robot is a mechatronic system that is designed around the shape and function of the human body, with segments and joints corresponding to those of the person it is externally coupled with. Teleoperation and power amplification were the first applications, but after recent technological advances the range of application fields has widened. Increasing recognition from the scientific community means that this technology is now employed in telemanipulation, man-amplification, neuromotor control research and rehabilitation, and to assist with impaired human motor control. Logical in structure and original in its global orientation, this volume gives a full overview of wearable robotics, providing the reader with a complete understanding of the key applications and technologies suitable for its development. The main topics are demonstrated through two detailed case studies; one on a lower limb active orthosis for a human leg, and one on a wearable robot that suppresses upper limb tremor. These examples highlight the difficulties and potentialities in this area of technology, illustrating how design decisions should be made based on these. As well as discussing the cognitive interaction between human and robot, this comprehensive text also covers: the mechanics of the wearable robot and it’s biomechanical interaction with the user, including state-of-the-art technologies that enable sensory and motor interaction between human (biological) and wearable artificial (mechatronic) systems; the basis for bioinspiration and biomimetism, general rules for the development of biologically-inspired designs, and how these could serve recursively as biological models to explain biological systems; the study on the development of networks for wearable robotics. Wearable Robotics: Biomechatronic Exoskeletons will appeal to lecturers, senior undergraduate students, postgraduates and other researchers of medical, electrical and bio engineering who are interested in the area of assistive robotics. Active system developers in this sector of the engineering industry will also find it an informative and welcome resource.

The Paradox of Power
The Paradox of Power

Author: David C. Gompert

Publisher: Department of the Army

Published: 2011-12-27

Total Pages: 236

ISBN-13:

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Looking deeply into the matter of strategic vulnerability, the authors address questions that this vulnerability poses: Do conditions exist for Sino-U.S. mutual deterrence in these realms? Might the two states agree on reciprocal restraint? What practical measures might build confidence in restraint? How would strategic restraint affect Sino-U.S. relations as well as security in and beyond East Asia?