Inventory financing under Risk-Adjusted-Return-On-Capital criterion

Risk-Adjusted-Return-On-Capital (RAROC) is a loan-pricing criterion under which a bank sets the loan term such that a certain rate of return is achieved on the regulatory capital required by the Basel regulation. Some banks calculate the amount of regulatory capital for each loan under the standardized approach (“standardized banks,” the regulatory capital is proportional to the loan amount), and others under the internal rating-based (IRB) approach (“IRB banks,” the regulatory capital is related to the Value-at-Risk of the loan). This article examines the impact of the RAROC criterion on the bank's loan-pricing decision and the retailer's inventory decision. We find that among the loan terms that satisfy the bank's RAROC criterion, the one that benefits the retailer the most requires the bank to specify an inventory advance rate in addition to the interest rate. Under this loan term, the retailer's inventory level is more sensitive to his asset level when facing an IRB bank compared to a standardized bank. An IRB (standardized) loan leads to higher profit and inventory level for retailers with high (low) asset. For retailers with medium asset, an IRB loan results in a higher retailer profit but a lower consumer welfare. Calibrated numerical study reveals that the benefit of choosing standardized banks (relative to IRB banks) can be as high as 30% for industries with severe capital constraints, volatile demands, and low profit margins, highlighting the importance for retailers to carefully choose the type of banks to borrow from. When the interest rate is capped by regulation, retailers borrowing from a standardized bank are more likely to be influenced by the interest rate cap than those borrowing from an IRB bank. Under strong empire-building incentives (the bank will offer loan terms to maximize the size of the loan), retailers with medium initial asset level shift their preference from IRB banks to standardized banks.     

智能化作战及其智能指挥控制技术需求

提出了智能化作战的基本概念,从作战空间、时间、感知、决策、打击、体系等6个方面分析其主要特征,辨析其制胜机理,对指挥控制提出新的要求。面向指挥端和平台端作战,分析人机共生对抗作战、有人/无人协同作战、无人自主作战、无人集群协同作战等4种典型智能化作战样式的作战流程、制胜的关键要素以及指挥控制能力需求,综合提出了智能指挥控制关键技术体系,为未来智能化指挥信息系统发展提供牵引。     

Robust TDOA/FDOA estimation from emitter signals for hybrid localization using UAVs

This paper considers the time difference of arrival (TDOA) and frequency difference of arrival (FDOA)estimation problem for joint localization using unmanned aerial vehicles (UAVs),involving range migration (RM) and Doppler ambiguity within observation interval.A robust estimation method based on interpolation and resampling is proposed.Specifically,the interpolation artificially increases the pulse repetition frequency (PRF).After that,the resampling eliminates the coupling between range frequency and slow time.Finally,a coherent integration step based on inverse discrete Fourier transform (IDFT) is used to achieve parameter estimation and suppress the grating lobes caused by interpolation.The proposed method could be efficiently implemented by fast Fourier transform (FFF),inverse FFT (IFFF) and non-uniform FFT (NUFFT) without parameter searching procedures.Numerical experiments indicate that the proposed method has nearly optimal anti-noise performance but much lower computational complexity than the maximum likelihood estimator,which makes it more competitive in practical applications.     

基于图像处理的火焰检测算法研究

简要介绍了火焰检测系统构成和火焰燃烧特性,并根据全炉膛火焰的燃烧特性,从火焰图像中提取了反映炉膛火焰燃烧状态的特征量.最后,通过对火焰图像的处理及对火焰检测算法的分析与研究,利用计算机仿真得出火焰图像特征量与燃烧状态的关系,提出火焰燃烧稳定性判据.该算法能够实时、准确地检测全炉膛火焰的燃烧状况和炉膛中心火焰偏移情况,为...     

基于三节阶跃阻抗谐振器的紧凑型三通带滤波器

文章采用三节阶跃阻抗U形谐振器设计了一种新颖的紧凑型三通带滤波器,该滤波器不但具有四个传输零点以改善滤波器的选择性和带外抑制能力,而且在尺寸上比参考文献[5]中的滤波器缩小了40%。文中分析了该三通带滤波器的设计原理,给出了该滤波器的结构参数、仿真与实验验证测试结果。设计滤波器的三个通带中心频率分别为1.0 GHz,2.4 GHz,3.6 GHz,实测插入损耗分别为0.8 dB,1.0 dB,1.2 dB。仿真与实验验证测试结果显示该滤波器带内插损小,四个传输零点使得带外抑制明显提高。     

受限空间雾化射流降温与加湿作用数值分析

以雾化射流预防、控制受限空间内油气热安全事故为工程背景,综合可压缩流场控制方程、k-ε湍流模型、粒子动力学模型与相变传热模型,构建了描述受限空间内雾化射流降温与加湿作用的数值分析模型。借助Fluent流体动力学仿真软件,以1 600 mm×200 mm二维狭长受限空间中不同工况的雾化射流为算例,对雾化射流降温与加湿过程进行了数值模拟,并探讨了雾化射流流量与粒径的不同对上述作用的影响。所得结果为进一步探究雾化射流降温与加湿行为,推进雾化射流在热安全防护领域的工程应用提供借鉴和参考。     

10W/40高温重负荷润滑油在柴油发动机上的试验

为更好地研究高原地区车辆发动机与油料的适应性,针对高原地区特殊的地理环境气候特点,选用10W/40高温重负荷润滑油,对其进行了理化性能分析、350 h台架可靠性试验及高原实际行车试验。结果表明:该型润滑油具有优良的抗氧抗腐性、清净分散性和抗磨性,可满足高原地区大功率、重负荷柴油发动机的用油要求。     

排液槽对折板捕雾器性能影响数值模拟

为研究气液分离器内使用的折板式捕雾器的流场特性及排液槽对其性能的影响,利用流体动力学计算软件Fluent,采用Low-Re Stress-Omega模型和DPM两相流模型,对捕雾器气液两相流流场进行了数值模拟。通过对比安装排液槽前后捕雾器内流场,分析了排液槽对捕雾器流场速度、液滴运动轨迹的影响;发现排液槽能大幅提高捕雾器的除雾效率,10μm以上液滴基本能够全部去除,但是也会使除雾器压降急剧增大。最后研究了排液槽主要结构参数——折弯直径和长度对捕雾器性能的影响,发现增大排液槽折弯直径和长度均能增加除雾效率,但同时也会增大进出口压降。     

不同黏度等级润滑油在柴油发动机上的对比试验

为解决润滑油出现的高温性能差等问题,考察5W/40和15W/40两个黏度等级重负荷动力传动通用润滑油在柴油发动机上的实际使用性能。在BF6M1015CP柴油发动机和柴油车辆上分别进行1 000 h发动机台架可靠性试验和高原实际道路行车试验,利用红外光谱等仪器对定期抽取的油样进行理化性能指标测试。结果表明：两个黏度等级的重负荷动力传动通用润滑油各项理化指标变化较小,均能满足高原地区大功率、重负荷柴油发动机的用油要求。使用两个黏度等级润滑油的发动机在功率和扭矩方面大小相当,使用5W/40重负荷动力传动通用润滑油的发动机在高转速区（转速高于1 600 r/min）油耗率低,在低转速区（转速低于1 600 r/min）油耗率较高;但在抗氧抗腐性、高温清净性和抗磨性等方面,15W/40重负荷动力传动通用润滑油的表现略优一些。     

夜间通风量对相变轻质房间室内热环境的影响

运用EnergyPlus软件,对含相变材料层轻质房间的室内热环境进行了模拟,分析了墙体结构、通风量等因素对相变材料轻质墙体的蓄、放热性能和室内热环境的影响。模拟结果表明:相变材料应用于轻质房间,能显著增强围护结构的热惰性,提高室内的热舒适性;同时采取夜间通风技术,可以有效地将白天蓄积的热量散至室外。相变材料布置在围护结构内侧时,室内环境的热舒适性比布置在外侧时更好。从自然通风的角度,相变材料布置于围护结构内侧时,选取换气数2.5次/h作为优化结果;相变材料布置于围护结构外侧时,选取换气数4.0次/h作为优化结果。