Estimating yield curves of the U.S. Treasury securities: An interpolation approach

Following the approach of interpolation, this paper proposes the multiple exponential decay model to fit yield curves for both the U.S. TIPS market and the conventional Treasury security market. Several estimation methods, including the unconstrained/constrained nonlinear minimization, quadratic programming, and the iterative linear least squares, are applied to estimate the unknown parameters according to different curve‐fitting purposes. Comparisons between the proposed model and the alternatives show that the multiple exponential decay successfully (1) adapts to a variety of shapes associated with yield curves, (2) (partially) keeps in line with the economic interpretations of Nelson–Siegel summarized by Diebold and Li ( 2006 ), and (3) dominates the competing models in curve‐fitting performance measured by mean fitted‐price errors over the sample period. In addition, the exact specification of a nonparametric interpolation model is pinned down by applying three statistical tools, which enable us to jointly take into account validity, optimality, and parsimoniousness of the proposed model.     

瞬态瑞雷面波法在软岩地层勘探中的应用

结合工程实例，介绍了在物性条件和地质条件复杂地区利用面波勘探技术解决软岩地区第四系覆盖层及其岩埋深的勘探方法。     

用弦线模量法计算地基沉降和黄土湿陷变形

用弦线模量法^[1]设计黄土地基，从计算地基沉降和湿陷变形出发，概念清楚，方法简单，用地基的物理指标得出弦线模量，可省去做压缩实验。     

用高程与河道断面特性平均积分曲线图解河道水面线

从恒定、渐变流河段能量方程式中推导出以高程与河道断面特性平均积分曲线图解河道水面线的方法,并通过某河段水面线计算实例说明了此方法的计算图解步骤。对于同一河道,由于高程与河道断面特性平均积分曲线不变。故曲线可重复利用。因此,对进行多种设计标准的水面线计算可很方便地直接从曲线图上得出水面线结果。     

川中丘陵区一种新型小流域径流输沙模型的建立与应用

径流输沙模型对定量评价水沙的输出响应具有重要的意义。本研究在已有研究成果的基础上，通过对四川盐亭县林山西沟小流域的径流、泥沙进行现场观测与分析，提出含沙量单位线的定义及其确定方法，建立了适应该小流域的径流输沙模型。并应用实测资料进行比较，表明模型的模拟结果可靠，模拟过程确定性系数达0．8以上，为川中丘陵区小流域径流输沙过程的预测预报提供了一个新方法。     

拱坝三次样条曲线拱圈线型及优化研究

建立拱坝拱圈三次样条曲线模型，根据非线性规划町行域与最优解的理论。比较了抛物线、椭圆、双曲线和三次样条曲线线型的优劣，并采用复合形法对这些线型的拱圈进行了优化。结果表明，三次样条曲线拱圈最优。     

企业竞争策略中的成本效益分析方法

企业每一项经营决策都应该进行成本效益分析，市场竞争中可以根据本企业的成本曲线和需求曲线，预测出竞争策略实施后对内部成本和外部需求可能产生的影响，从而计算出某项决策的经济效果。     

钢纤维混凝土轴拉应力-应变特性的试验研究

本文采用环氧粘接法对4种纤维混凝土材料进行了轴向拉伸试验，成功地获得了材料的应力-应变全曲线。根据其试验曲线是否出现第二峰值，把纤维分为增强与增韧两大类。通过分析表明：不同的纤维形式对混凝土材料的作用机理有较大的差异。在工程应用中，应根据纤维混凝土材料的用途来选择纤维类型。     

纳滤膜技术及其应用的研究进展

随着膜技术的发展,20世纪80年代出现的纳滤膜弥补了反渗透与超滤之间的空白。纳滤膜(nanofiltration membrane,NF)又称“疏松型”反渗透膜。通常情况下,膜的截留相对分子质量界限为200~1 000。与截留相对分子质量相对应的膜孔径为1~3 nm,故将这类膜称为纳滤膜。纳滤膜可以截留糖类等低相对分子质量有机物和高价无机盐(MgSO4等),但对单价无机盐的截留率低(仅为10%~80%),具有相当大的透过能力。由于单价盐可以自由透过纳滤膜,使得膜两侧因离子浓度不同而造成的渗透压差远远低于反渗透膜。在相同通量条件下,纳滤膜所要求的驱动压力比反渗透膜要低得多。一般纳滤的操作压力为0.5~1.5 MPa。由于纳滤膜的这种独特分离性能,确定了它在水软化和低相对分子质量有机物纯化浓缩的地位。此外,纳滤膜能有效去除许多中等相对分子质量溶质,如消毒副产物的前驱物、残留农药和某些色素等,因而在水净化处理和脱色中得到广泛应用。     

Static and dynamic efficiency of pollution control strategies

A great deal of the economic literature on pollution control strategies concentrates on the efficiency of environmental policy instruments. Most analytical studies in this field show that market instruments are more efficient with respect to the cost of pollution abatement of a given number of polluters than non-market instruments. According to several analytical studies, market instruments should also be more efficient with respect to innovation in pollution abatement equipment than non-market instruments. In the empirical literature a great number of case studies exist with estimations of the savings of abatement costs of market instruments in a situation without technological progress. Empirical studies about the impact of environmental policy market instruments on the abatement costs in situations with technological progress are lacking.The purpose of this paper is to fill this gap. The paper deals with an empirical estimation of abatement costs for the emission of SO₂ of coal-fired electricity units in the Netherlands from 1985 to 2000. First, the working of market instruments and non-market instruments (the existing environmental policy of the Dutch government) is simulated in a static situation. Second, we analyse the learning effects of flue gas desulphurization. The efficiency advantage of market instruments turns out to be larger in a situation of technological progress than in a static situation.