Fractional brownian motion and binary market models

We prove a Donsker type approximation theorem for the fractional Brownian motion in the case of the Hurst index greater than one half. With this approximation we construct an elementary market model that converges weakly to the fractional analogue of the Black Scholes model. We show that there exist arbitrage opportunities in this model.     

Application of Multivariate Statistics in Early-warning of Corporation Financial Crisis

This paper is focused on early warning of corporation financial crisis for the China's household electric appliance manufacturers in stock market. Firstly, using company's open-disclosed annual statements as data resource, the financial indexes system is constructed. Secondary, adopting the multivariable statistical analysis method, such as cluster, discriminate and principle component analysis, the multivariate models for the empirical study on early warning of financial crisis by making use of SPSS statistical software are set up. The corporation might discover the financial affairs crisis that shall probably arise beforehand by using the financial affairs crisis early warning system. This study and analysis may serve as reference for domestic industries and enterprises.     

Empirical Analysis on Stock Market and Real Estate Market Wealth Effect in China

Based on the Modigliani's Life-Cycle Hypothesis of consumption,and relevant data,the paper empirically studies stock market and real estate market wealth effect in China by using the method of unit root test and cointegrating regression.The results show that,regardless of short-run effect and long-run effect,the stock market wealth has significantly negative effect on civil' consumption level,but real estate market wealth or housing market wealth has significantly positive effect on civil' consumption level.     

农机市场监督管理亟待加强

分析了山东省潍坊市农机市场存在的主要问题，提出了加强农机市场监督管理的几点建议。     

简析我国农用三轮车产业现状

对我国农用三轮车产业发展阶段及产业特征进行分析,用数据说明了该产业的市场分布状况;同时对农用三轮车消费人群的消费心理、消费习惯进行深入分析,最后指出国家政策法规对农用三轮车产业发展的制约和影响。     

小麦跨区作业信息需求分析

根据2005年小麦跨区作业调研的结果,分析了机手的基本情况、跨区作业过程中的信息需求、信息获取方式、信息获取渠道等。建议建立一个短信息系统网络,通过手机短信来发送与传递信息,引导跨区作业可持续发展。     

电力系统日有功优化调度的工程化软件与应用

随着电力市场的逐步建立和电力供需形势的变化，电力系统的优化调度具备了可行条件；同时，由于电力部门运作带有的计划性，需要开发出实用有效的、涉及多种人为调控约束的工程化方法用于实际生产。针对上述需要，建立了考虑若干为调控约束的日有功优化调度工程化模型，提出了基于专家规则、优先顺序和动态规划法的工程化算法，并开发了相应的工程化软件。该软件已在陕西电网成功运行一年，取得了显著的效益。     

生物医药咨询市场与咨询机构发展浅析

通过分析国内外生物医药咨询市场的现状

、特点及发展趋势和剖析生物医药咨询机构的优势与劣势，寻求生物医药咨询机构涉足相关业务领域、从事技术咨询的切入点，并

探讨了咨询机构建设与发展的相关对策。

     

台湾农产品“希望广场”的考察与启示

为提高我国农产品流通的效率,寻求防止农产品价格大起大落现象的办法,作者于今年五月赴台北农产品＂希望广场＂进行了考察。本文介绍了＂希望广场＂的组建历史、运营模式及绩效、得到的支持及其作用机制等,归纳了对大陆农民组织和农产品流通体系的政策启示。作者认为,农产品直销市场在农产品流通中发挥着显著的作用,对提高消费者福利和增加农民收入有很大帮助,加强农产品直销市场建设刻不容缓。应该将农业市场化建立在农民组织的载体之上,充分发挥农民合作组织在农产品流通中的作用。