Search results for "MACRO"
showing 10 items of 3471 documents
CO2 Prices and Portfolio Management
2008
Since January 2005, the attention on European carbon markets has been increasing and thus the interest in studying the implications of the existence of two new assets in portfolio management. In this article we analyse both the characteristics of the EUAs Phase I and Phase II as a sole investment and the impact of including these two assets, considered separately, in a well-diversified portfolio. In order to control the problems of using historical returns, we have performed this analysis using as expected returns either historical returns or risk-adjusted returns. We find that, although the weights of EUAs are not too important when incorporating the EUAs in an optimal and well-diversified…
Do fire severity effects on soil change in space and time in the short-term? What ash tells us
2013
n the absence of data, the impact of fire, especially wildfires, is measured analysing the fire severity. This post-fire assessment is very useful because allow to identify the degree of destruction imposed by the fire. Among the techniques used to determine fire severity, ash colour is often used, that permit identify the degree of organic matter consumption (darker ash uncompleted combustion, lighter ash completed combustion). The objective of this paper was observed if fire severity changes in space and time, according to ash colour analysis, applying an index. The ash colour analysis was carried out one and fifteen days after the fire. In this area we identified ash with four different …
Strategies for Heading Off is Project Failure
2000
Although investment in information technology and information systems continues to increase, projects continue to fail. As a result, IS projects, particularly software projects, are perceived as high risk. By categorizing types of risk, this article helps IS professionals and all project sponsors to identify classes of risk and choose the appropriate managerial behavior to mitigate each of them.
Unraveling the evolutionary history of the phosphoryl-transfer chain of the phosphoenolpyruvate:phosphotransferase system through phylogenetic analys…
2007
[Background] The phosphoenolpyruvate phosphotransferase system (PTS) plays a major role in sugar transport and in the regulation of essential physiological processes in many bacteria. The PTS couples solute transport to its phosphorylation at the expense of phosphoenolpyruvate (PEP) and it consists of general cytoplasmic phosphoryl transfer proteins and specific enzyme II complexes which catalyze the uptake and phosphorylation of solutes. Previous studies have suggested that the evolution of the constituents of the enzyme II complexes has been driven largely by horizontal gene transfer whereas vertical inheritance has been prevalent in the general phosphoryl transfer proteins in some bacter…
Characterization of PAMP/PRR interactions in European eel (Anguilla anguilla) macrophage-like primary cell cultures
2013
The eel (Anguilla anguilla) has been identified as a vulnerable species with stocks dramatically declining over the past decade. In an effort to support the species from overfishing of wild stocks increased interest in eel aquaculture has been notable. In order to expand the scarce knowledge concerning the biology of this species significant research efforts are required in several fields of biology. The development of cell culture systems to study the immune response is a key step towards an increased understanding of the immune response and to develop resources to support further study in this threatened species. Macrophages are one of the most important effector cells of the innate immun…
Mn(II) complexes of scorpiand-like ligands. A model for the MnSOD active centre with high in vitro and in vivo activity
2015
Manganese complexes of polyamines consisting of an aza-pyridinophane macrocyclic core functionalised with side chains containing quinoline or pyridine units have been characterised by a variety of solution techniques and single crystal x-ray diffraction. Some of these compounds have proved to display interesting antioxidant capabilities in vitro and in vivo in prokaryotic (bacteria) and eukaryotic (yeast and fish embryo) organisms. In particular, the Mn complex of the ligand containing a 4-quinoline group in its side arm which, as it happens in the MnSOD enzymes, has a water molecule coordinated to the metal ion that shows the lowest toxicity and highest functional efficiency both in vitro …
Biomanipulating the drinking water reservoir of Estonia's capital city: Prospects for success
2008
The possibility of utilizing biomanipulation to improve the water quality of Tallinn's drinking water reservoir (Lake Ulemiste) was analysed on the basis of water quality data, test fishing by different methods, and earlier studies on aquatic plants, light climate and sediments. Eutrophic, polymictic Lake Ulemiste is characterized by a prevalence of high filamentous cyanobacteria biomass, rotifers in the zooplankton community, mature bream in the fish biomass, and a high density of planktivores (YOY perch). Several prerequisites for being a potential target for biomanipulation were identified, including (i) decreased external total phosphorus (TP) loading; and (ii) a sufficient stock of pis…
The food and parasites of fish in some deep basins of northern L. Päijänne
1982
The composition of the fish stock, food and ‘macroparasites’ were studied in eleven basins (22–100 m) of Lake Jyvasjarvi and North Paijanne in August–September 1976. The fishing was done by means of a series of nets (meshes 15, 21 and 35 mm) laid on the bottom overnight. No fish were found in the two northernmost basins owing to bad oxygen conditions caused by waste waters. Smelt and burbot were the most abundant fish in the catches in other basins but the vendace was rare. Relict crustaceans and some ‘deep water’ copepods (e.g. Heterocope borealis) played an important role in the food of fish in all basins.
A Simultaneous Approach for IMS Design: a Possibility Based Approach
1999
IMS investments are characterised by high fixed costs and long life cycles. On the other hand, their redditivity and risk coverage depend on their manufacturing efficiency that is mainly defined during the design phase by fixing the system configuration. Due to the flexibility required to IMS, system configuration depends not only from technological information, such as product routing table and service times, but also from marketing data such as the typology of products to be manufacture and their production volumes. Moreover, the evaluation of the redditivity and the risk of the investment depends on market information such as product prices as well. Such interdependencies make the invest…
Incentive System Design Based on Accrual Accounting: A Summary and Analysis
2009
ABSTRACT: This paper provides a formal analysis on how to design accrual-based incentive systems so that a manager's and owner's interests are properly aligned. We introduce a general framework to summarize the literature, provide various extensions to it, and point to some of its limitations. We characterize the entire class of goal-congruent and preference-similar incentive systems when the owner has perfect as well as imperfect information about the manager's preferences. This allows us to show how compensation functions and performance measures are interrelated and to demonstrate what information should be incorporated into compensation functions and performance measures. We illustrate …