Search results for " Direct"
showing 10 items of 943 documents
Mergers and Acquisitions (M&A) as Modern Ways of Investments
2015
The decrease in business activity and the fall in the production volume in the sectors of economy relying on long-term crediting is characteristic feature of the modern recessions. The pessimistic expectations of entrepreneurs concerning product demand leads to falling direct investment into business despite unlimited investment opportunities due to the developed capital markets nowadays. As a result it has created the opportunity for the development of the acquisition of enterprises. Potential investors are different and their investment motivation is different, but the goal is the same – to increase the value of the business and its efficiency as a result of mergers and acquisitions. Ho…
Unidirectional probabilistic direct control for deferrable loads
2014
International audience; The idea of harnessing the inherent flexibility in demand of many types of electric loads has been largely discussed in the last years for coping with the need to maintain the energy demand-supply balance. In particular, the fine tuning of the operation conditions of different thermostatic loads (such as air-conditioning, refrigerators, etc.) has appeared as the most natural solution for load control with minimal user discomfort. In this paper we focus on an alternative approach: deploying simple open-loop control strategies for deferrable loads with minimal communication overhead. The idea is to send a multicast control message to a group of users, on the basis of t…
To lead or to wait? An application to internationalization strategies under demand uncertainty
2019
We examine the exports versus foreign direct investment (FDI) decision under demand uncertainty for an asymmetric cost duopoly. One of the firms can lead entry before demand realization or retain flexibility enjoying an informational advantage. When the time value of information is small and for sufficiently low investment costs, follow‐the‐leader behavior in FDI arises. Relatively high investment (fixed) costs result in follow‐the‐leader exporting behavior. When the time value of information becomes significant, the potential leader will opt for a wait‐and‐see strategy. For intermediate values of investment costs, the efficient firm invests, while the rival chooses to export.
Search forBs0→μ+μ−andB0→μ+μ−Decays with CDF II
2011
A search has been performed for B{sub s}{sup 0} {yields} {mu}{sup +}{mu}{sup -} and B{sup 0} {yields} {mu}{sup +}{mu}{sup -} decays using 7 fb{sup -1} of integrated luminosity collected by the CDF II detector at the Fermilab Tevatron collider. The observed number of B{sup 0} candidates is consistent with background-only expectations and yields an upper limit on the branching fraction of {Beta}(B{sup 0} {yields} {mu}{sup +}{mu}{sup -}) < 6.0 x 10{sup -9} at 95% confidence level. We observe an excess of B{sub s}{sup 0} candidates. The probability that the background processes alone could produce such an excess or larger is 0.27%. The probability that the combination of background and the expe…
Studia Lichenologica in Italy. I. New records of red-listed species
2021
We present new data concerning lichen species of the Italian flora and confirm 36 national redlisted species.
Numerical simulation of reciprocating turbulent flow in a plane channel
2009
Direct numerical simulation results were obtained for oscillatory flow with zero time mean (reciprocating flow) in a plane channel using a finite volume method, Crank-Nicolson time stepping and central approximation of the advection terms. A pressure gradient varying co-sinusoidally in time was imposed as the forcing term, and its frequency and amplitude were made to vary so as to span a range of regimes from purely laminar to fully turbulent. For the limiting cases of reciprocating laminar flow and steady-state turbulent flow, numerical results were validated against analytical solutions and classic experimental literature data, respectively. For general reciprocating flows, predictions we…
A study of turbulent heat transfer in curved pipes by numerical simulation
2013
Abstract Turbulent heat transfer in curved pipes was studied by numerical simulation. Two curvatures δ (pipe radius a/curvature radius c) were considered, 0.1 and 0.3; results were also obtained for a straight pipe (δ = 0) for comparison purposes. A tract of pipe 5 diameters in length was chosen as the computational domain and was discretized by finite volume multiblock-structured grids of ∼5.3 × 106 hexahedral cells. Fully developed conditions were assumed; the friction velocity Reynolds number was 500, corresponding to bulk Reynolds numbers between 12 630 and ∼17 350 according to the curvature, while the Prandtl number was 0.86 (representative of saturated liquid water at 58 bar). Simulat…
Critical points of higher order for the normal map of immersions in Rd
2012
We study the critical points of the normal map v : NM -> Rk+n, where M is an immersed k-dimensional submanifold of Rk+n, NM is the normal bundle of M and v(m, u) = m + u if u is an element of NmM. Usually, the image of these critical points is called the focal set. However, in that set there is a subset where the focusing is highest, as happens in the case of curves in R-3 with the curve of the centers of spheres with contact of third order with the curve. We give a definition of r-critical points of a smooth map between manifolds, and apply it to study the 2 and 3-critical points of the normal map in general and the 2-critical points for the case k = n = 2 in detail. In the later case we a…
Chinese OFDI in Europe under the Guidance of BRI — A Focus on China–CEE Economic Relations
2018
China has been actively integrating itself in the global economy through Foreign Direct Investment (FDI) and increasing trade flows. In order to further expand its foreign market ambition and reinforce itself as a leader in the world economic system, China unleashed the Belt and Road Initiative (BRI). One of the main economic incentives behind this initiative is to strengthen China’s integration with Central and Eastern European (CEE) markets. In recent years, an emerging trend for Chinese investors to invest in CEE countries such as Poland can be observed. The aim of this research is to analyze the changing patterns and motives of Chinese Outbound FDI (OFDI) to Europe during the period of…
On the Internationalization of Corporate Boards
2013
Despite the global reach of their commercial activities, many multinational firms have proved slow in internationalizing their boards of directors. Based on a panel study of the internationalization of the boards of 347 non-financial firms from the Nordic countries, we find a higher fraction of international board membership in firms with more foreign sales, in firms with more foreign ownership and in firms whose shares are traded on foreign (mostly European) stock exchanges. Moreover, we find international directors and national directors with international experience complementary. The first-mentioned group is found to serve a monitoring role, related to financial internationalization of …