热分层流动计算中若干差分格式的比较

本文应用常规的守恒方程及湍流模型，对二维池内热分层流动建立了数学模型，并在Ｐａｔａｎｋａｒ的压力校正法基础上对该数学模型进行了数值计算，计算中的差分格式为乘方格式、一阶迎风、二阶迎风和ＱＵＩＣＫ。通过与实验的比较分析，建议计算应采用ＱＵＩＣＫ格式，并在进行风格独立性试验的基础上使用加密网络。     

Free cash flow, debt-monitoring and managers' LIFO/FIFO policy choice

This paper explores the explanatory power of Jensen's free cash flow hypothesis in managers' choice of LIFO versus FIFO. The association between FCF, and choice of inventory methods is based on the assumption that there is a potential conflict of interest between managers and shareholders when LIFO is the tax minimization method and that non-value-maximizing managers of firms with the FCF problem have incentives to choose FIFO, an income increasing method, in order to increase their compensation. However, since debt can act as a monitoring device and mitigate the agency problems of FCF, managers of firms with high FCF and high debt are less likely to choose FIFO than managers of firms with high FCF and low debt. The evidence is consistent with this expectation.     

OSCILLATION AMPLITUDE OF THE FREE END OF A FLEXIBLY MOUNTED RIGID CYLINDER IN TRIANGLE ARRANGEMENT

In this paper,the oscillation amplitude of the free end of a group of threecylinders are studied.The three cylinders are erected at the vertices of an equilateral trian-gle,and three arrangements are made in this study.One of the three cylinders is served asa working cylinder which is mounted by a flexible cantilever and two accelerometers areattached on the free end in two directions.The results of the three-cylinder arrangementare compared with those of two cylinders in tandem/side-by-side arrangement in the samecondition.The experimental results show that the rear cylinder of a group of three cylin-ders is affected more seriously than that of the corresponding two cylinders in the contrastarrangement.The main direction of oscillation is changed.The transversal oscillation isstronger than the longitudinal oscillation in the three-cylinder arrangement.On the con-trary,the transversal oscillation is much weaker than the longitudinal oscillation in two-cylinder arrangement.The largest transversal oscillat     

各向加权异性有限元法在不可压粘性流动计算中的应用

本文利用各向异性张力有限单元，考虑到其独特的性质，提出了一种各向加权异性的算法，即在不同方向采用不同连续性的插值函数，然后再在原连续性较弱的方向以连续性较强的插值函数计算，最后把两次计算的结果加权处理。这种方法可以适应两个方向连续性要求不同或相同的各种情况，即克服了一般各向异性张力有限单元的局限性，又大大减少了存贮量和计算量。     

短模型上的明渠非恒定流试验

水工整体模型试验中,明渠非恒定流至今大多被简化为恒定流,而效果有时并不理想。本文指出,只要设置固定式曲线尾门,并有必要的动态量测设备,便可模拟原型非恒定流;即使模型偏短,也能得出比恒定流试验更接近原型的成果。在同一模型上,既做恒定流试验,又进行必要的非恒定流试验,二者相辅相成,必将有助于试验水平的提高。作为例证,本文介绍了泄洪调度导致航道水面波动的一项试验成果,并以岩基冲刷、通航水流条件、围堰过水、河床冲淤等研究课题为例,讨论了采用“短模型非恒定流试验方式”的必要性与可行性。     

AN EXPERIMENTAL AND NUMERICAL INVESTIGATION OF THE STARTING FLOW OF A UNIFORMLY ACCELERATING CIRCULAR CYLIINDER

The starting flow around a uniformly accelerated circular cylinder is investigatedby flow visualization techncque and solving N-S equations numerically in detail.The results ofthe starting flow are similar with those of the impulsively started one.At lower Re_α,numbers the“phenomenon a”is revealed;the“phenomenon β”appears at higher Re_α numbers,but withonly one secondary vortex.At the early stage of the starting vortex formation,the flow islaminar;at the later stage,the flow transforms into turbulent flow.The velocity distribution inthe flow field is measured with the multiwires installment.The calculational results are comparedwith the results of experiment,and both are in agreement with each other.     

NUMERICAL MODEL FOR DYNAMIC SIMULATION OF TRAFFIC FLOW

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The Wealth Effect of Domestic Joint Ventures: Evidence from Taiwan

This study presents important international evidence by examining the wealth effect of domestic joint ventures by Taiwanese firms. In opposite to United States evidence, we find that announcements of domestic joint ventures by Taiwanese firms are, on average, associated with significantly negative abnormal stock returns. We also find that the stock market response to announced domestic joint ventures is significantly positively related to the announcing firms' investment opportunities, size of investment and debt ratio, and is significantly negatively related to the business relatedness variable. In contrast, free cash flow, firm size, relative firm size and managerial ownership are found to have no significant power in explaining the market response. Our results support the investment opportunities, synergy and complementarity hypotheses as well as a broad interpretation of the free cash flow hypothesis, but reject the absolute size, relative size and alignment-of-interests hypotheses. This study makes valuable contributions to the literature by providing the first direct evidence on the role of investment opportunities, synergy and alignment-of-interests in explaining the wealth effect of domestic joint ventures     

稀疏气泡流动的粒子跟踪测速技术研究

采用动态阈值技术实现了对气泡图像的正确分割，利用灰度加权方法提高了气泡颗粒的定位精度。根据稀疏气泡流动图像的特点，提出了一种新的基于相关的粒子跟踪测速算法（2-HPTV）。通过进行两时刻中围绕待研究气泡所取的两个小的诊断窗口的相关运算，成功实现了气泡颗粒的轨迹追踪。实验表明本文算法较传统的PIV技术在测速精度上有很大程度的提高，与4帧粒子跟踪测速算法相比，降低了对摄像机帧频的要求，具有较强的实用性。     

Value of Multinationality: Internalization, Managerial Self-interest, and Managerial Compensation

In this paper, we examine the impact of managerial self-interest on the value of multinationality. Since agency theory also suggests that a divergence between the interests of managers and shareholders can be aligned by effective managerial incentive, we also examine the effect of managerial compensation on the value of multinationality. Our results show that for high- Q (Tobin's Q > 1 ) firms, investors do not associate the spending of free cash flow on multinationality with the problem of overinvestments. For high- Q firms, it is also found that the value of multinationality can be enhanced by effective managerial incentives. For low- Q firms (Tobin's Q < 1 ), it is found that the concern of managerial self-interest overwhelms the benefits of internalization, making multinationality a value-decreasing event. For low- Q firms, managerial compensation is also ineffective in promoting value-enhancing foreign direct investments.