A Theoretical Analysis of Underpricing in IPOs Based on the Irrational Behavior of Investors

Employing the standpoint of irrational investors in the behavior finance, the authors study the relation on the irrational behavior of medium and small Investors and underpricing of IPO in our country. The paper premises that a revenue-maximizing issuer will be regarded as the target function, and the rational institutional investors can be delegated the task of holding the stocks in the after-market for resale to the irrational medium and small investors--thereby extracting surplus from them, finally the issuer can maximize their expected revenue. We model the process mentioned above and find that the high underpricing of IPO in our country has the direct relation with numerous the irrational medium and small investors existing in our country who cause the underpricing.     

Models to Separate Daily Diffuse Radiation from Daily Total Radiation for Energy Consumption Analysis of Air-Conditioning System

Both total irradiation and diffuse irradiation are necessary to building energy consumption analysis. At the most cases in China,only total irradiation is available. So some method is needed to estimate diffuse irradiation. Relationship between daily diffuse irradiation and daily total irradiation is analyzed, based on data form Beijing and Chengdu.Polynomial models for Beijing and Chengdu are established to estimate K d form K t . Validation tests show good performance of the models. Monthly means of predicted daily diffuse irradiation is not significantly different from that of the original daily diffuse irradiation. Also,the auto_correlation function of the predicted diffuse fraction, K d is coincident with that of the original K d . Beijing model can accurately predict the data of Chengdu,which is significantly different from Beijing as to the climate,so it is recommended as the general model.     

A Study on the FMS Planning and Scheduling System

After researching the function requirements of the planning and scheduling in manufacturing cells, the paper advanced a control structure with three phases, i. e. planning , scheduling and dispatching. The paper represented in detail the main purposes, requirements and scheduling actions in each phase. It suits to general machining FMSs.     

Studies on the Oxidation of Weathered Coal with Nitric Acid

A raseach has been done on the possibility of producing nitriochumic acid fromweathered coal of Nantong,Sichuan,oxidised by nithic acid.The optimun reacting conditions,whichare found through the way of orthogonal experiment,are suggested as follows:concentration ofHON3 35%,rate of HON3 to coal 3.5,reacting take 15 min,and reaction temperature 369 K. Thecomposition of product is Wf 2. 91 %;Ag 14.06%;HAg 78.28%;Ng 1.62%.     

THE APPLICATION OF SAND-GRAVEL-CUSHION TECHNIOUE IN THE FOUNDATION OF MOUNTAINOUS AREA

This paper presents the application of sand-gravel-cushion technique in thefoundation of mountainous area inhomogeneity and analyges non-uniformity of the foundation inmountainous,It is different from the traditional theory of sand-cushion,This is a new developmentand able to make a full use of the rock debris fill and the combinational soil-rock foundation in the mountainous areas.     

绵茵陈中绿原酸的提取工艺研究

【研究目的】研究并优化乙醇提取绵茵陈中绿原酸的最佳操作参数;【方法】以绵茵陈为原料,通过单因素试验、正交试验和方差分析确定最佳提取工艺;【结果】结果表明:乙醇提取绵茵陈中绿原酸的效果较好;确定的最佳工艺参数乙醇浓度为60%、料液比1:25、提取温度60℃、提取时间1.5h;【结论】采用60%乙醇可以很好提取绵茵陈中的绿原酸。     

五个鲜食玉米新品种的DNA指纹图谱研究与应用

利用SSR标记技术，对5个鲜食玉米新品种及其亲本的DNA指纹图谱进行了研究。从88对SSR引物中，筛选出37对在鲜食玉米中表现多态性丰富、带型清晰明显且稳定的引物，分析了鲜食玉米自交系的遗传多样性，建立了各品种的特征DNA指纹图谱及数字指纹，可以有效用于种子质量检测。