11 resultados para Variable annuities

em Universidade Complutense de Madrid


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Context. Although many studies have been performed so far, there are still dozens of low-mass stars and brown dwarfs in the young σ Orionis open cluster without detailed spectroscopic characterisation. Aims. We look for unknown strong accretors and disc hosts that were undetected in previous surveys. Methods. We collected low-resolution spectroscopy (R ~ 700) of ten low-mass stars and brown dwarfs in σ Orionis with OSIRIS at the Gran Telescopio Canarias under very poor weather conditions. These objects display variability in the optical, infrared, Hα, and/or X-rays on time scales of hours to years. We complemented our spectra with optical and near-/mid-infrared photometry. Results. For seven targets, we detected lithium in absorption, identified Hα, the calcium doublet, and forbidden lines in emission, and/or determined spectral types for the first time. We characterise in detail a faint, T Tauri-like brown dwarf with an 18 h-period variability in the optical and a large Hα equivalent width of –125  ±  15 Å, as well as two M1-type, X-ray-flaring, low-mass stars, one with a warm disc and forbidden emission lines, the other with a previously unknown cold disc with a large inner hole. Conclusions. New unrevealed strong accretors and disc hosts, even below the substellar limit, await discovery among the list of known σ Orionis stars and brown dwarfs that are variable in the optical and have no detailed spectroscopic characterisation yet.

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Recent discussion regarding whether the noise that limits 2AFC discrimination performance is fixed or variable has focused either on describing experimental methods that presumably dissociate the effects of response mean and variance or on reanalyzing a published data set with the aim of determining how to solve the question through goodness-of-fit statistics. This paper illustrates that the question cannot be solved by fitting models to data and assessing goodness-of-fit because data on detection and discrimination performance can be indistinguishably fitted by models that assume either type of noise when each is coupled with a convenient form for the transducer function. Thus, success or failure at fitting a transducer model merely illustrates the capability (or lack thereof) of some particular combination of transducer function and variance function to account for the data, but it cannot disclose the nature of the noise. We also comment on some of the issues that have been raised in recent exchange on the topic, namely, the existence of additional constraints for the models, the presence of asymmetric asymptotes, the likelihood of history-dependent noise, and the potential of certain experimental methods to dissociate the effects of response mean and variance.

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A variable width pulse generator featuring more than 4-V peak amplitude and less than 10-ns FWHM is described. In this design the width of the pulses is controlled by means of the control signal slope. Thus, a variable transition time control circuit (TTCC) is also developed, based on the charge and discharge of a capacitor by means of two tunable current sources. Additionally, it is possible to activate/deactivate the pulses when required, therefore allowing the creation of any desired pulse pattern. Furthermore, the implementation presented here can be electronically controlled. In conclusion, due to its versatility, compactness and low cost it can be used in a wide variety of applications.

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Mycobacterium bovis populations in countries with persistent bovine tuberculosis usually show a prevalent spoligotype with a wide geographical distribution. This study applied mycobacterial interspersed repetitive-unit-variable-number tandem-repeat (MIRU-VNTR) typing to a random panel of 115 M. bovis isolates that are representative of the most frequent spoligotype in the Iberian Peninsula, SB0121. VNTR typing targeted nine loci: ETR-A (alias VNTR2165), ETR-B (VNTR2461), ETR-D (MIRU4, VNTR580), ETR-E (MIRU31, VNTR3192), MIRU26 (VNTR2996), QUB11a (VNTR2163a), QUB11b (VNTR2163b), QUB26 (VNTR4052), and QUB3232 (VNTR3232). We found a high degree of diversity among the studied isolates (discriminatory index [D] = 0.9856), which were split into 65 different MIRU-VNTR types. An alternative short-format MIRU-VNTR typing targeting only the four loci with the highest variability values was found to offer an equivalent discriminatory index. Minimum spanning trees using the MIRU-VNTR data showed the hypothetical evolution of an apparent clonal group. MIRU-VNTR analysis was also applied to the isolates of 176 animals from 15 farms infected by M. bovis SB0121; in 10 farms, the analysis revealed the coexistence of two to five different MIRU types differing in one to six loci, which highlights the frequency of undetected heterogeneity.

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This study describes the attempt to trace the first Mycobacterium bovis outbreak in alpacas (Lama pacos) in Spain by spoligotyping and variable-number tandem-repeat (VNTR) analysis. Due to high genotype diversity, no matching source was identified, but local expansion of a clonal group was found and its significance for molecular tracing is discussed.

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Mycobacterium avium subsp. paratuberculosis is an important animal pathogen widely disseminated in the environment that has also been associated with Crohn's disease in humans. Three M. avium subsp. paratuberculosis genomotypes are recognized, but genomic differences have not been fully described. To further investigate these potential differences, a 60-mer oligonucleotide microarray (designated the MAPAC array), based on the combined genomes of M. avium subsp. paratuberculosis (strain K-10) and Mycobacterium avium subsp. hominissuis (strain 104), was designed and validated. By use of a test panel of defined M. avium subsp. paratuberculosis strains, the MAPAC array was able to identify a set of large sequence polymorphisms (LSPs) diagnostic for each of the three major M. avium subsp. paratuberculosis types. M. avium subsp. paratuberculosis type II strains contained a smaller genomic complement than M. avium subsp. paratuberculosis type I and M. avium subsp. paratuberculosis type III genomotypes, which included a set of genomic regions also found in M. avium subsp. hominissuis 104. Specific PCRs for genes within LSPs that differentiated M. avium subsp. paratuberculosis types were devised and shown to accurately screen a panel (n = 78) of M. avium subsp. paratuberculosis strains. Analysis of insertion/deletion region INDEL12 showed deletion events causing a reduction in the complement of mycobacterial cell entry genes in M. avium subsp. paratuberculosis type II strains and significantly altering the coding of a major immunologic protein (MPT64) associated with persistence and granuloma formation. Analysis of MAPAC data also identified signal variations in several genomic regions, termed variable genomic islands (vGIs), suggestive of transient duplication/deletion events. vGIs contained significantly low GC% and were immediately flanked by insertion sequences, integrases, or short inverted repeat sequences. Quantitative PCR demonstrated that variation in vGI signals could be associated with colony growth rate and morphology.

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We report the observation of the insulator-to-metal transition in crystalline silicon samples supersaturated with vanadium. Ion implantation followed by pulsed laser melting and rapid resolidification produce high quality single-crystalline silicon samples with vanadium concentrations that exceed equilibrium values in more than 5 orders of magnitude. Temperature-dependent analysis of the conductivity and Hall mobility values for temperatures from 10K to 300K indicate that a transition from an insulating to a metallic phase is obtained at a vanadium concentration between 1.1 × 10^(20) and 1.3 × 10^(21) cm^(−3) . Samples in the insulating phase present a variable-range hopping transport mechanism with a Coulomb gap at the Fermi energy level. Electron wave function localization length increases from 61 to 82 nm as the vanadium concentration increases in the films, supporting the theory of impurity band merging from delocalization of levels states. On the metallic phase, electronic transport present a dispersion mechanism related with the Kondo effect, suggesting the presence of local magnetic moments in the vanadium supersaturated silicon material.

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The invention relates to a variable-spectrum solar simulator for characterising photovoltaic systems. The simulator can be used to obtain a spectrum adjusted to the solar spectrum, both for a standard spectrum or a real spectrum adjusted to local irradiation conditions. The simulator also allows the spatial-angular characteristics of the sun to be reproduced. The invention comprises: a broad-spectrum light source, the flux from which is emitted through an aperture; an optical system which collimates the primary source; a system which disperses the beam chromatically; an optical system which forms an image of the dispersed primary source at a given position, at which a spatial mask is placed in order to filter the received irradiance spectrally; an optical system which captures the filtered spectrum and returns, mixes and concentrates same in a secondary source with the desired spectral, angular, and spatial characteristics; an optical system which collimates the secondary source such that it reproduces the angular characteristics of the sun; and a control system.

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En línea con la creciente importancia de la cobertura de riesgos, la eficacia de las diferentes estrategias y las posibilidades de mejorar a través de diferentes modelos estocásticos han sido analizados en un gran número de estudios académicos en diferentes campos, activos financieros, energía, petróleo, etc. La controversia en la literatura sobre estrategias de cobertura se concentra en torno a tres aspectos principals. En primer lugar, una cuestión clave es la elección de la medida de eficacia que va a determinar la función de optimizar. Entre las diferentes medidas propuestas, la reducción de la varianza es el enfoque más simple y común. Muchos autores consideran que otros criterios, como diferentes especificaciones de funciones de utilidad, el riesgo de pérdidas o la variación de la rentabilidad ,se deben tomar en cuenta con el fin de medir la efectividad de cobertura. Estos criterios derivan en diferentes medidas de efectividad de cobertura como el equivalente cierto (CE), Valor en Riesgo (VaR), Valor en Riesgo Condicional (CVaR) o Pérdida Esperada (ES), Momentos parciales inferiores (LPM), semi-varianza, etc. . Un examen de las principales aportaciones de la literatura muestra la falta de uniformidad o resultados concluyentes en favor de una u otra estrategia. En segundo lugar, otro tema importante es la evolución temporal de la relación de cobertura. Hay una controversia en la literatura en cuanto a si la cobertura dinámica, utilizando relaciones que incorporan la nueva información que llega al mercado, es superior a relaciones estáticas, como la cobertura unitaria o la de mínimos cuadrados. En tercer lugar, cuando se trata de estimar los ratios de cobertura, se emplean muchas técnicas diferentes, que van desde los modelos más simples a enfoques dinámicos muy complejos. Sin embargo, no está claro que estos modelos complejos mejoren la eficacia global y en nuestra opinión, no resuelven favorablemente el compromiso entre complejidad y efectividad...

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To know how marketing variables affect customer value is essential for a company in order to be market and customer oriented, and to improve investment efficiency in both attracting and retaining customers. Thus, the assessment of the influence of marketing variables in customer value is of prime importance. This is recognized in many empirical studies of these variables, which address the impact of a single variable (or sets of a few variables) on customer value. A comprehensive, integrated assessment of all marketing variables and their interdependencies is an arduous and complex task for researchers and marketing managers. This research proposes a theoretical model of customer value that takes into account all significant marketing variables that have been partially addressed in empirical investigations of other researchers. These marketing variables include brand and reputation, point of sale, employees, price, termination fee commitment, discounts, complementarity of products, experiences, emotions, perceived value, quality, satisfaction, switching costs, and loyalty. The model incorporates the relationship between each variable with retention and with customer value as well as the relationships between them. A special focus is placed on the empirical analysis of the termination fee commitment and its relationship with customer value. This variable is widely used in the telecommunication’s industry for its influence on customer retention from the moment of purchase. However, there is strikingly little research in this topic. A large customer database of a telecommunications company containing five years information about 63.165 customers is used for this purpose. Multivariate linear regression and ANOVA method are applied...

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Las investigaciones relativas al ratio óptimo de cobertura con futuros de una cartera que replica un índice de renta variable se han llevado a cabo hasta la fecha mediante técnicas econométricas. Los modelos aplicados han ido perfeccionando sus especificaciones, pero todos ellos parten de unos supuestos que se alejan del mundo real, ya que no consideran el pago discreto de dividendos y se basan en una serie del futuro de próximo vencimiento que presenta saltos, al estar compuesta por mini-series encadenadas de futuros de distinto vencimiento. Como consecuencia de estas limitaciones, aunque la eficacia de la cobertura de los modelos econométricos puede considerarse satisfactoria en términos generales, se producen errores significativos en algunos puntos de la serie. La principal aportación de esta tesis a la investigación académica y a la práctica profesional de la gestión de carteras es la definición de un Modelo Algebraico de Cobertura (MAC) que no está basado en técnicas econométricas, es más sencillo de aplicar y superior en resultados104 a los modelos econométricos más utilizados hasta la fecha (MCO, ECM y GARCH) 105. El modelo MAC parte del supuesto de mercado eficiente y de la consideración de un horizonte temporal diario de la cobertura...