7 resultados para balance sheet test
em Universidad Politécnica de Madrid
Resumo:
La finalidad de este proyecto consiste en realizar un estudio de la gestión del agua del complejo minero de carbón que SAMCA tiene en Ariño, así como recoger distintas iniciativas de mejora para su optimización en la actualidad. Por otro lado, también se pretende analizar la problemática de la posible clausura de la mina de interior “Sierra de Arcos”, una de las principales aportadoras de agua al sistema, y se presentan las posibles opciones para el aprovechamiento óptimo de las aguas superficiales y subterráneas de cara al futuro de la explotación para garantizar un balance hídrico en el que los aportes y los consumos de agua estén equilibrados. Después de este exhaustivo análisis, se deciden cuáles son las mejores opciones desde un punto de vista tanto técnico como económico. ABSTRACT The purpose of this Project is to carry out a study about the management of SAMCA´s coalmine complex in Ariño, as well as gathering a range of initiatives to help optimizing the present system. Additionally, the study sets out to analyze the possible problems arising from the closing of “Sierra de Arcos” underground mine, contributor of one of the main sources of water into the system. Based on the analysis, a series of possible options are presented to reach the ideal utilization of the superficial and underground water. These proposals aim to ensure an optimal water balance sheet between the water contributions and the water consumptions. The results obtained from this exhaustive analysis are used to reach a conclusion for the project by presenting what are considered the best options from both, a technical and an economic point of view.
Resumo:
Is it profitable for an investor, from a risk-return perspective, to acquire a stake in a quoted company when a capital increase is announced? This paper analyses the return obtained from the investment in equity issues with cash contribution and pre-emptive rights, aimed at funding corporate activities: acquisitions, investments in new facilities and/or strengthening the balance sheet of the companies undertaking the equity issue. During the 16 years covered by the study, the results show a negative average excess risk-adjusted return of almost 5%, from the moment that the equity offer is announced until the completion of the preferential subscription period. To obtain this excess return, the difference between the nominal Internal Rate of Return (IRR) and the expected return, using the CAPM, is computed for each equity issue. The intention behind this method is to eliminate the effects of time and any other possible effect on the stock price during the period of the analysis.The results from this article are consistent with the Pecking Order theory for the Spanish Stock Market also six months after the preferential subscription period. However, there is a positive return after three months.
Resumo:
The aim of the present study was to examine the effect of sodium bicarbonate ingestion on consecutive "all out" sprint tests, analyzing the acid-base status and its influence on performance and perceived effort. Ten elite bicycle motocross (BMX) riders (20.7 ± 1.4 years, training experience 8-12 years) participated in this study which consisted of two trials. Each trial consisted of three consecutive Wingate tests (WTs) separated by 15 min recovery. Ninety minutes prior to exercise subjects ingested either NaHCO(3) (-) (0.3 g kg(-1) body weight) or placebo. Blood samples were collected for the assessment of blood acid-base status: bicarbonate concentration ([HCO(3) (-)]), pH, base excess (BE) and blood lactate concentration ([La(-)]). Performance variables of peak power (PP), mean power (MP), time to peak power and fatigue index were calculated for each sprint. Significant differences (p < 0.05) were observed in acid-base variables [pH before WT1: 7.47 ± 0.05 vs. 7.41 ± 0.03; [HCO(3) (-)] before WT1: 29.08 ± 2.27 vs. 22.85 ± 0.24 mmol L(-1) (bicarbonate vs. placebo conditions, respectively)], but there were not significant differences in performance variables between trials [PP WT1: 1,610 ± 373 vs. 1,599 ± 370 W; PP WT2: 1,548 ± 460 vs. 1,570 ± 428 W; PP WT3: 1,463 ± 361 vs. 1,519 ± 364 W. MP WT1: 809 ± 113 vs. 812 ± 108 W; MP WT2: 799 ± 135 vs. 799 ± 124 W; MP WT3: 762 ± 165 vs. 782 ± 118 W (bicarbonate vs. placebo conditions, respectively)]. Rating of perceived effort (RPE) was not influenced nor ratings of perceived readiness. Sodium bicarbonate ingestion modified significantly the blood acid-base balance, although the induced alkalosis did not improve the Wingate test performance, RPE and perceived readiness across three consecutive WTs in elite BMX cyclists.
Resumo:
We present and validate a test able to provide reliable body sway measurements in air pistol shooting, without the use of a gun. 46 senior male pistol shooters who participated in Spanish air pistol championships participated in the study. Body sway data of two static bipodal balance tests have been compared: during the first test, shooting was simulated by use of a dumbbell, while during the second test the shooters own pistol was used. Both tests were performed the day previous to the competition, during the official training time and at the training stands to simulate competition conditions. The participants performance was determined as the total score of 60 shots at competition. Apart from the commonly used variables that refer to movements of the shooters centre of pressure (COP), such as COP displacements on the X and Y axes, maximum and average COP velocities and total COP area, the present analysis also included variables that provide information regarding the axes of the COP ellipse (length and angle in respect to X). A strong statistically significant correlation between the two tests was found (with an interclass correlation varying between 0.59 and 0.92). A statistically significant inverse linear correlation was also found between performance and COP movements. The study concludes that dumbbell tests are perfectly valid for measuring body sway by simulating pistol shooting.
Resumo:
A study on a water- ow window installed in a test box is presented. This window is composed of two glass panes separated by a chamber through water ows. The ow of water comes from an isolated tank which contains heat water. In order to fully evaluate the water- ow window performance for different room and window sizes, locations and weather conditions, a mathematical model of the whole box is needed. The proposed model, in which conduction heat transfer mechanism is the only considered, is one dimensional and unsteady based upon test box energy balance. The effect of the heat water tank, which feeds the water- ow window, is included in the model by means of a time delay in the source term. Although some previous work about moving uid chamber has been developed, air was used as heat transfer uid and no uid storage was considered. Finally a comparison between the numerical solution and the obtained experimental data is done.
Resumo:
Water balance simulation in cropping systems is a very useful tool to study how water can be used efficiently. However this requires that models simulate an accurate water balance. Comparing model results with field observations will provide information on the performance of the models. The objective of this study was to test the performance of DSSAT model in simulating the water balance by comparing the simulations with observed measurements. The soil water balance in DSSAT uses a one dimensional ?tipping bucket? soil water balance approach where available soil water is determined by the drained upper limit (DUL), lower limit (LL) and saturated water content (SAT). A continuous weighing lysimeter was used to get the observed values of drainage and evapotranspiration (ET). An automated agrometeorological weather station close to the lisymeter was also used to record the climatic data. The model simulated accurately the soil water content after the optimization of the soil parameters. However it was found the inability of the model to capture small changes in daily drainage and ET. For that reason simulated cumulative values had larger errors as the time passed by. These results suggested the need to compare outputs of DSSAT and some hydrological model that simulates soil water movement with a more mechanistic approach. The comparison of the two models will allow us to find which mechanism can be modified or incorporated in DSSAT model to improve the simulations.
Resumo:
For safety barriers the load bearing capacity of the glass when subjected to the soft body impact should be verified. The soft body pendulum test became a testing standard to classify safety glass plates. The classification of the safety glass do not consider the structural behavior when one sheet of a laminated glass is broken; in situations when the replacement of the plate could not be very urgent, structural behavior should be evaluated. The main objective of this paper is to present the structural behavior o laminated glass plates, though modal test and human impact test, including the post fracture behavior for the laminated cases. A god reproducibility and repeatability is obtained. Two main aspects of the structural behavior can be observed: the increment of the rupture load for laminated plates after the failure of the first sheet, and some similarities with a tempered monolithic behavior of equivalent thickness.