An Analysis of Principal-Agent of Game under the Asymmetric Information in Venture Capital

The relationship of investors and venture capitalists is an important part in venture capital. Based on asymmetric information, this paper analyzes the principal agent relationship between investors and venture capitalists with game theory. And this paper mainly discusses the choosing, controlling and incentive problem. It suggests that only the capable and self confident venture capitalists could accept the terms of the limited partnership. It also indicates that recompense mechanism which holds the interest of investors and that of venture capitalists tightly is the center of the limited partnership. Rate of yield is the key of recompense mechanism, it not only reflects the incentive on venture capitalists, also reflects the share of risk between investors and venture capitalists. At last, the market credit play an important role in venture capital.     

OPTIMIZATION OF BIPARTITE JOINS WITH GRAPH THGORY

An optimization approach for multi-relational joins based on the matching concept in graph theory is introduced. The basic idea lies in constructing a join graph from an expression of N-relation query, and seeking for a maximun matching with minimun total weight. The algorithm for bipartition(X, Y) is proposed in this paper.     

The Maximum Edge-Edge Connectivity of Quasi-Regular Graphs

The edge-edge connectivity of a graph is defined,and a class of quasi-regulargraphs is proposed with a maximum edge-edge connectivity.     

Resource Management in Application System

Application system generally refers to all kinds of computer information system. It aims at improving the sharing and application of the resource. The resource in application system usually means data resource. For computer management and maintenance, there are not only data resource, but also program resource and network resource. Effective management of this resource is key to ensure proper work of the application system. In this paper, the basic pattern and policy for resource management is put forward and a method to build and realize the resource layer that lies between database layer and application layer is to be found. This management layer, which skillfully connects the application system with resource and establishes good base for application and exploitation of system, is named as resource management system.     

Customer Service Satisfaction Evaluation System and Method Viewed From Supply Chain Management

Based on experience in customer service evaluation,through the analysis of many factors affecting customer satisfaction calculation estimate, customer service evaluation rules as well as customer-oriented and supply chain partner-oriented methods are developed and discussed from the view of supply chain, besides, we construct two sets of customer satisfaction evaluation systems, in which we perform non-dimensional analysis on evaluation system to form single factor evaluation matrix after using improved AHP to determine each factor item's weighting ,utilizing fuzzy decision theory to construct evaluation model for integrated estimate. This evaluation method is scientific, round and objective with more stability and convienience in practical use.     

Parsimonious Covering Probability Model for Turbogenerator Vibration Faulty Diagnosis

The turbogenerator vibration faults have the character of variety. Many faults often occur synchronously. This paper introduces a diagnosing model based on parsimonious covering theory and probability. A model for turtogenerator's fault diagnosis is proposed. The availability of this method is proved by two fault diagnosis examples of turbogenerator. The results show that the model proposed can be used for multi_fault diagnosis together. It may make up shortage for some of expert systems and neural networks in some aspect. From the practice,this model has higher reliability and practicability.     

Synthetic Assessment of Power Transformer Condition Based on Matter-element Theory

Condition assessment on power transformer is an important approach to improve reliability of transformer and provide proper decision-making for condition-based maintenance. For long, static assessment method used in the past has already not adapted to the development of modem electricity transmission and distribution technology. So based on the deficiency of fuzzy synthetic assessment method, matter-element synthetic assessment method is introduced. The method can evaluate transformer condition not only in quality but also in quantity. Because each index weight can be given fairly and fast through improved analytic hierarchy process, which need not carry on consistency chec accuracy of assessment can be improved. Examples analysis has proved that assessment method of power transformer condition based on matter-element theory is rational and effective.     

Incentive Mechanism for Team Cooperation Based on Implicit Side Contract

Aiming at the free-riding problem in team incentive, this paper designs a dynamic incentive mechanism based on implicit side contract with dynamic game theory by introducing the reasonable assumption that there is horizontal monitor in team production. The theoretic analysis indicates that the dynamic incentive mechanism, in which a strict group incentive compatibility contract is taken at the first stage and an individual incentive compatibility contract is taken at the second stage, can implement team cooperation uniquely in the general condition of risk aversion and stochastic production by only two stage repeated game.     

A Research of Life Cycle Integrated Management Pattern of Construction Project

Development Management (DM) in decision phase, Project Management on behalf of the owner (OPM) in implementation phase and Facility Management (FM) in operation phase are three isolated management tools during traditional life cycle management of construction project. As a result, a lot of potential disadvantages are aroused. In recent years, many research organizations try to reform the traditional method using different integration means. This paper tries to explore into integration of DM, OPM and FM to overcome the malpractice of traditional life cycle management of construction project. The research focuses on three aspects: 1.putting forward the concept of Life Cycle Integrated Management (LCIM), based on management integration theory; 2. Raising a new idea to owner's (operator's) management organization design, which emphasizes on the balance of life cycle objectives; 3. Analyzing an information module, level and method of system integration of Life Cycle Integrated Management Information System.