提升现场管理执行力的动态人员配置模型研究

面临成为"世界工厂"的机遇和挑战.中国企业只有牢牢树立"现场即市场"的观念,构建强有力的现场管理执行力,才能抢占先机,在激烈的市场竞争中立于不败之地.鉴于此,文章介绍了一种动态的现场人员配置模型,旨在通过现场人员配置的不断优化,达到提升现场管理执行力的目的.     

对审计实施方案编制中几个重要问题的思考

在编制审计实施方案时要确定具体审计目标,要对被审计单位的内部控制制度进行测试,学会重要性水平的确定和审计风险评估.     

Risk aversion and the dynamics of optimal liquidation strategies in illiquid markets

We consider the infinite-horizon optimal portfolio liquidation problem for a von Neumann–Morgenstern investor in the liquidity model of Almgren (Appl. Math. Finance 10:1–18, 2003). Using a stochastic control approach, we characterize the value function and the optimal strategy as classical solutions of nonlinear parabolic partial differential equations. We furthermore analyze the sensitivities of the value function and the optimal strategy with respect to the various model parameters. In particular, we find that the optimal strategy is aggressive or passive in-the-money, respectively, if and only if the utility function displays increasing or decreasing risk aversion. Surprisingly, only few further monotonicity relations exist with respect to the other parameters. We point out in particular that the speed by which the remaining asset position is sold can be decreasing in the size of the position but increasing in the liquidity price impact.      

我国耕地保护政策研究：基于背景、效果与未来趋势

［目的］我国耕地保护政策对保护耕地、保障粮食安全具有重要意义。研究我国耕地保护政策出台的背景及前后关系、相同政策在不同区域内的执行效果差异,能够为更针对性地提出政策建议提供参考。［方法］主要运用了资料分析和定性描述的方法,首先按照耕地保护政策内涵划分为5个阶段,其次从时间、空间两个尺度,判断了耕地保护政策的数量、质量保护效果差异,最后提出了未来政策出台的方向和趋势。［结果］时间尺度上：1986年、1997年、2004年出台的政策对耕地数量保护的成效明显; 2014—2016年耕地质量保护效果略优于2009—2014年; 目前数量保护成效较好,但质量保护远未达到要求。空间尺度上：耕地数量保护效果西部地区最好,东北地区次之,中部地区优于东部地区; 耕地质量保护效果中部地区最佳,东北地区次之,东部地区优于西部地区。［结论］未来政策可向规范补充耕地全国统筹、完善耕地质量保护法律体系、调动农户保护耕地积极性等方向发展。     

The impact of mandatory IFRS reporting on institutional trading costs: Evidence from Australia

This study examines the impact of mandatory International Financial Reporting Standards (IFRS) on the market quality of the Australian Securities Exchange (ASX) 200 constituent stocks. Using traditional metrics that are consistent with prior literature (i.e., bid‐ask spreads), the first stage analysis confirms that stock liquidity has improved. However, when the analysis is extended to consider the trading costs incurred by market participants (i.e., execution shortfall), results suggest liquidity has not changed significantly. The paper utilizes rich unique datasets that contain detailed trade information, and findings are robust after controlling for trade difficulty and market conditions. In the era of High Frequency Trading (HFT) and occurrences of ‘fleeting’ liquidity, this paper provides some evidence that while IFRS may have enhanced ‘visible’ bid‐ask spreads, tangible liquidity for market participants, particularly global institutional investors, has not improved significantly.     

OPTION PRICING AND HEDGING WITH EXECUTION COSTS AND MARKET IMPACT

This paper considers the pricing and hedging of a call option when liquidity matters, that is, either for a large nominal or for an illiquid underlying asset. In practice, as opposed to the classical assumptions of a price‐taking agent in a frictionless market, traders cannot be perfectly hedged because of execution costs and market impact. They indeed face a trade‐off between hedging errors and costs that can be solved by using stochastic optimal control. Our modeling framework, which is inspired by the recent literature on optimal execution, makes it possible to account for both execution costs and the lasting market impact of trades. Prices are obtained through the indifference pricing approach. Numerical examples are provided, along with comparisons to standard methods.     

加强执行力 实施有效的护理管理

通过逐一分析医院护理工作愿景、战略等执行力核心,了解医院及护理文化,提出加强执行力的落实,是实施有效护理管理的必备条件。     

就反式脂肪酸的管理浅议我国食品安全监管职能优化

本文以当前反式脂肪酸管理的问题为研究入手点，介绍了反式脂肪酸摄入对人体可能产生的危害以及美国、欧盟和澳大利亚、新西兰对反式脂肪酸的管理现状和经验，指出上述国家和地区对反式脂肪酸的监管措施主要包括：完善的专项食品安全风险评估，公众食品营养安全知识的宣传教育和及时出台相应行政法规等，分析当前我国食品安全监管存在风险评估不足、监管手段有限、对公众的宣传教育不够等问题，提出改进我国食品安全监管职能的措施。     

A model of integrated regional logistics hub in supply chain

ABSTRACT

A regional logistics hub is a constellation of multiple logistics facilities in a region of several provinces or states. This research models an integrated regional logistics hub with consideration of time-phased demand in a multi-echelon, multi-period, and capacitated logistics network. The integrated logistics hub considers three phases based on the characteristics of China’s five-year planning policy. By applying mixed integer linear programming, the greedy heuristics approach, the particle swarm optimization algorithm, and the Hungarian method, the location of logistics facilities at different echelons of a supply chain is identified and the needs for facility expansion or closing during different time periods are determined.     

论刑事审后程序

刑事审后程序是指除审判监督程序外刑事判决生效后一系列程序的总称,包括刑事执行程序、被害人的权利保障程序以及刑罚被执行完毕人员的前科消灭程序等内容。刑事诉讼法学界除了对作为刑事审后程序重要内容的刑事执行程序研究较为充分外,还没有人对刑事审后程序作过系统的专门研究。对刑事审后程序进行系统的理论研究,特别是建立和完善被害人损害赔偿制度和被害人国家补偿制度,建立刑罚被执行完毕人员前科消灭的法律制度,不仅有助于完善我国刑事诉讼法,也有助于社会主义和谐社会的构建。