赶场水电站实施综合自动化技术改造的设计

赶场水电站是始建于上世纪90年代的老电站,实施综合自动化技术改造,达到了"无人值班、少人值守"的设计要求。     

Impact of copula choice on the modeling of crop yield basis risk

A number of problems in agricultural economics involve modeling joint distributions for which the assumption of multivariate normality may not be warranted. Yet, very little work has been conducted evaluating competing methods for modeling joint dependence. We develop a simulation framework to evaluate the bias and efficiency impacts of copula choice in the context of evaluating county‐to‐farm basis risk. The results suggest significant differences in performance across various copulas and approaches. The findings have important implications for risk analysis, insurance, and policy modeling problems in agriculture regarding the selection of method to model dependence among random variables.     

Decision support for firm performance by real options analytics

This paper develops a real options decision support tool for raising the performance of the firm. It shows how entrepreneurs can use our intuitive tool quickly to assess the nature and type of action required for improved performance. This exploits our estimated econometric relationship between precipitators of entrepreneurial opportunities, time until exercise, and firm performance. Our 3D chromaticity plots show how staging investments, investment time, and firm performance support entrepreneurial decisions to embed, or to expedite, investments. Speedy entrepreneurial action is securely supported with this tool, without expertise in econometric estimation or in formulae for real options valuation.     

Organisational change and performance in long-lived small firms: a real options approach

This paper supports two key principles of real options reasoning: (a) the value of waiting and (b) the value of staging. It tests whether real options logic applies to small firms implementing significant changes (e.g. in technology) in a model of small firm performance, estimated on data collected by interviews with entrepreneurs. We found that to achieve a higher value by waiting, a delicate balance of precipitators of change against time until exercise is necessary (e.g. if there were just one or two precipitators, then waiting would certainly raise the value). Similarly, to achieve a higher value by staging, the entrepreneur needs to balance embedding against investment time. Thus, provided that investment time is less than 1¼ years, we found that embedding will raise the value. Overall, this implies that strategic flexibility in investment decisions is necessary for good long-run performance of small firms.     

输电线路的数字化安全管理

近年来，山东省淄博供电公司建立了以八大数字化系统为基础，以输电线路的运行与管理安全性的定量评估为核心的数字化管理安全保障体系，大大提升了输电线路的安全状况以及企业的安全管理水平，获得山东电力集团公司2005年度管理创新成果一等奖及2006年中电联管理创新成果奖。     

Politics, Insurance Regulation, and Unfunded Pension Liabilities

ABSTRACT: Insurance regulators operate in an environment in which resources are scarce and issues are most often complex and not salient to affected persons. Consequently, regulatory agencies, such as the Pension Benefit Guaranty Corporation (PBGC), need to use resources efficiently by making issues salient and not complex if regulatory goals are to be attained. To further its goal of full funding of defined benefit pension plans, the PBGC annually published a list of the Top Fifty Companies With the Largest Underfunded Pension Liability (LIST). This article investigates the issue of the economic effects of pension plan disclosure by measuring the share price response of the companies included on the LIST; then policy implications are drawn. The event study findings show that, on average, publication of the LIST did not have a negative effect on firm value. However, cross-sectional analysis provides some support for the contention that publication of the LIST had an economic cost on LISTed firms. The authors' results show that the value of large firms on the PBGC's list is less negatively affected at arrival (ARRIVAL) than smaller LISTed firms. Conversely, when firms leave the list (DEPARTURE), the value of large growth-oriented firms is more negatively affected than the value of other firms that reduce their unfunded pension liability. From a policy perspective, as hypothesized by Meier (1991), the PBGC used its scarce resources effectively by publishing the LIST. The issue of unfunded pension liability became less complex and more salient to interested parties. Consequently, consumer groups and political elites provided their support to further the regulatory agency's stated goal, which was the full funding of defined benefit pension plans. Furthermore, increased awareness of the underfunding problem contributed to the passage of the Retirement Protection Act of 1994.     

省网公司：加强资金流管控

省级电网公司可以通过集团化、市场化两种运行方式和资金流管理实时信息系统，加强资金运行管理，提高资金综合使用率，节约资金运作成本，达到资金流管控的目的     

建管结合 无缝链接 平稳过渡 水电厂建设与生产管理新模式

贵州乌江水电开发有限责任公司（以下简称乌江公司）是国有大型水电企业，负担着乌江流域水电开发与生产运行管理的使命。公司坚持以发展为主线，认识到“大发展小困难，小发展大困难，不发展更困难”，迎着困难上。在“十五”期间的2000年至2002年的3年时间里，公司先后宣布乌江渡扩建工程、洪家渡和索风营水电站开工建设。     

“水文化”的无穷之力

福建省水口发电有限公司,作为以水力发电为主的国家特大型企业,在继承和发扬福建电力人优秀品质的基础上,逐渐形成“滴水穿石,奔流不息”的共同志向,建立了完整的以“水”为载体的企业文化理念体系。精神体现“滴水穿石,奔流不息”企业精神体现在四个方面:一是坚韧执着,锲而不舍。水口发电公司在建设发展期间,面对一个接一个的“硬骨头”,表现出的是水一样的睿智和大海一样的胸怀,沉着应对、勇谋相济,创造了堪称我国水电建设典范的“水口模式”,取得了一个又一个里程碑式的胜利。这特有的坚韧执着,映衬出水看似柔弱,然而它却能穿山透石、无…     

The impact of introductory accounting courses on student perceptions about the purpose of accounting information and the objectives of business: A comparison of the UK and Japan

This paper is concerned with the impact of introductory financial accounting courses on student perceptions of business objectives. The paper reports the results of a questionnaire survey of UK and Japanese university students which investigated their views at the start and end of an introductory financial accounting module. The views of Japanese students, in comparison with those from the UK, are of particular interest given evidence in the literature that traditional “social market” traditions in Japan are being influenced by Anglo-American “stock market” values. Our results are consistent with such a phenomenon in that Japanese students’ values regarding business objectives show significant changes that are not mirrored by changes in the perceptions of their UK counterparts. We suggest that accounting education is acting as a conduit for views more commonly held in Anglo-American societies.