Investigating the housing market fluctuation under an expansionary monetary policy in Australia

This research empirically investigates the impact of monetary policy on the housing market in Australia from 1996 to 2009. Three primary variables associated with the housing sector and monetary policy, including interest rates, money supply and house prices, are estimated by a structural vector autoregression (VAR) model. Depending upon the analysis using the impulse response function, it can be identified that monetary policy significantly affects the housing market in Australia by the adjustments in interest rates and money supply. The empirical results from this study may be useful for policy makers to enact appropriate policies in relation to the infrastructure planning.

Experimental investigation and numerical simulation of heat transfer in quenching fluidised beds

Fluidisation characteristics at different surfaces of a work-piece of complex geometry are conducted in a fluidised bed at various conditions including fluidising number, bed temperature and fluidising medium. The quenching of the work-piece is performed experimentally. In particular, the major frequency and energy of the pressure fluctuations are measured as a function of either fluidising velocity or heat transfer position and the results are used to develop a mathematic model. A computational model is developed to simulate gas dynamics and heat transfer between the fluidised bed and the work-piece surface, as well as simulating the temperature within the work-piece. The predicted cooling curves are in good agreement with the experimental results. Based on the simulation results, the flow characteristics of the gas and the temperature of the dense gas-solid phase near the work-piece surface are analysed to understand the heat transfer mechanism in the fluidised bed.

Lower permian oncolites from South China: implications for equatorial sea-level responses to late palaeozoic Gondwanan glaciation

The oncoid-bearing Chuanshan Formation is a regionally extensive carbonate deposit of predominantly Asselian to early Sakmarian (Early Permian) age in South China, occupying an area of some 500,000 km2. Throughout South China, the oncoid-bearing horizons are generally stable and broadly comparable in lithology, fossil content and the morphology of the oncoid grains. Four types of microfacies are recognized from the oncolite succession and overall they suggest a moderate- to high-energy, wave-agitated shallow marine carbonate platform environment. An analysis of the stratigraphic distribution of oncoid grain size, density, thickness and the bedding structures of the oncolite beds and the number of coating laminae indicate the presence of metre-scale cyclothems, suggestive of possible high-frequency cycles of sea-level fluctuation. Compared to carbonate successions above and below that lack oncolites, and in conjunction with evidence from sequence stratigraphic and isotopic geochemical analyses of coeval carbonate deposits in South China and elsewhere, the origin of the Chuanshan oncolites is linked to a drastic drop in global sea-level at the Pennsylvanian–Permian boundary, that can be correlated closely in timing with the zenith of the Late Palaeozoic Gondwanan glaciation. It is further suggested that the eustatic changes apparent from the deposition of the Chuanshan oncolites and similar coeval deposits in lower palaeolatitudes were coupled with, and influenced by, the contemporaneous high-latitude Gondwanan glaciation, the largest and longest known such event in Phanerozoic Earth history.

Application of co-operative agents in handling fluctuations in a pull production system

This paper presents the general details of the structure and strategy of a multi-agent system that is being developed to improve the performance of pull (kanban) production control to handle large fluctuations in product demand. Employing a set of generic, heterarchial agents each controlling a single product and co-operating together to ensure that all components, regardless of demand fluctuation, are manufactured on time as per basic kanban principles. Preliminary results indicate that the basic kanban model does not cater for large demand fluctuations and the application of this multi-agent strategy may be beneficial to improving the overall system performance and increase the likelihood that all products will be manufactured on time.

Influences of steady and cyclic die rotation on the compression of aluminium

A series of experiments are reported for compression of an aluminum cylinder with monotonic and cyclic die rotation. When the die is monotonically rotated, a higher angular velocity or a lower compression speed of the tool leads to a greater load reduction in comparison of that seen with a stationary die. The test results also show that cyclic die rotation causes a cyclic fluctuation in the load-displacement curve. During the die deceleration phase, the compression load increases until it reaches the level obtained in conventional compression with stationary dies. However, the compression load is observed to reduce to levels lower than those obtained in monotonic rotating compression tests during the die acceleration phase. The frequency of rotating direction change seems to affect the position of load peaks only, not the amplitude of the peaks.

Late Palaeozoic sequence stratigraphy and brachiopod faunas of the Tarim Basin, Northwest China

This thesis deals with the stratigraphy and brachiopod systematic palaeontology of the latest Devonian (Famennian) to Early Permian (Kungurian) sedimentary sequences of the Tarim Basin, NW China. Brachiopod faunas of latest Devonian and Carboniferous age have been published or currently in press in the course of the Ph.D candidature and are herein appendixed, while the Early Permian brachiopod faunas are systematically described in this thesis. The described Early Permian brachiopod faunas include 127 species, of which 29 are new and 12 indeterminate, and six new genera (subgenera) are proposed; Tarimella, Bmntonella, Marginifera (Arenaria), Marginifera (Nesiotia), Baliqliqia and Ustritskia. A new integrated brachiopod biostratigraphical zonation scheme is proposed, for the first time, for the latest Devonian-Early Permian sequences of the entire Tarim Basin on the basis of this study as well as previously published information (including the Candidate's own published papers). The scheme consists of twenty three brachiopod acm biozones, most of which replace previously proposed assemblage or assemblage zones. The age and distribution of these brachiopod zones within the Tarim Basin and their relationships with other important fossil groups are discussed. In terms of regional correlations and biostratigraphical affinities, the Late Devonian to Early Carboniferous brachiopod faunas of the Tarim Basin are closest to those from South China, while the Late Carboniferous faunas demonstrate strong similarities to coeval faunas from the Urals, central Asia, North China and South China. During the Asselian-Sakmarian, strong faunal links between the Tarim Basin and those of the Urals persisted, while at the same time links with central Asia, North China and South China weakened. On the other hand, during the Artinskian-Kungurian times, affinities of the Tarim faunas with the Urals/Russian Platform rapidly reduced, when those with peri-Gondwana (South Thailand, northern Tibet) and South China increased. Thirty lithofacies (or microfacies) types of four facies associations are recognised for the Late Devonian to early Permian sediments. Based on detailed lithostratigraphy, biostratigraphy and facies analysis, 23 third-order sequences belonging to four supcrsequences are identified for the Late Devonian to Early Permian successions, from which sea-level fluctuation curves are reconstructed. The sequence stratigraphical analysis reveals that four major regional regressions, each marking a distinct supersequence boundary, can be recognised; they correspond to the end-Serpukhovian, end-Moscovian, late Artinskian and end-Kungurian times, respectively. The development of these sequences is considered to have been formed and regulated by the interplay of both eustasy and tectonism. Using the system tract of a sequence as the mapping time unit, a succession of 47 palaeogeographical maps have been reconstructed through the Late Devonian to Early Permian. These maps reveal that the Tarim Basin was first immersed by southwest-directed (Recent geographical orientation) transgression in the late Famennian after the Caledonian Orogeny. Since then, the basin had maintained its geometry as a large, southwest-mouthed embayment until the late Moscovian when most areas were the uplifted above sea-level. The basin was flooded again in late Asselian-Artinskian times when a new transgression came from a large epicontinental sea lying to its northwest. Thereafter, marine deposition was restricted to local areas (southwestern and northwestern margins until the late Kungurian, while deposition of continental deposits prevailed and continued through the Middle and late Permian into the Triassic.

Event study methodology in analysing real estate investment trust returns

This study investigates the influence of cash rate changes on the equity A-REIT stock prices in the past decade. The findings indicate that cash rate changes can influence the fluctuation of the equity A-REIT stock prices. Moreover, cash rate changes affect small A-REITs to a greater extent than large A-REITs.

A-Reit price responses to cash rate changes

With the rapid increasing number and assets of A-REITs, there has been an urgent need to study the relationship between the changes of cash rates and the A-REITs returns. This study investigates whether there were relationships between Australian-Real Estate Investment Trusts stock returns and policy interest rate changes in the past decade by using event study with a multivariate regression model. The findings indicate that cash rate changes have no significantly positive or negative influence on the equity A-REIT stock prices. A series of successive cash rate changes do not take a continuous and dramatic effect on the equity A-REIT stock prices in each economic cycle. Moreover, the A-REITs with relatively smaller assets show more significant fluctuation to the changes of cash rates, and the A-REITs owning more than $ 10 billion in capital assets have relatively steady stock prices. Overall, the findings from this research lead to a call for comprehensive research into various areas in order to ascertain the determinants of A-REIT price changes.

The influence of climate change on Thorthwaite moisture index on the design of light structures

Significant long term changes in the earth’s climate have occurred in the past but recently there has been more severe climate fluctuation than have occurred in the past few centuries. The effect of this climate change on the foundation conditions of roads and low-rise buildings is costing several hundred billion dollars world-wide. A method which tracks this climate change will be of great value for companies and governments. C.W. Thornthwaite (1948) defined the Thornthwaite Moisture Index (TMI) as the first base for his climate classification system and mapping in the United States. There are 3 important factors to predict ground movement: (a) the degree of moisture index change (b) the depth at which this change occurs and (c) the foundation soil type. The water budget model was used by Thornthwaite (1948) to calculate the moisture index. This paper also discusses two typical examples of the use of this model. Originally TMI’s were mainly used to map soil moisture conditions for agriculture but soon became a method to predict environmental and pavement foundation changes.

Utility of short-term evaluation of presbyopic contact lens performance

Objectives: To establish if evaluations of multifocal contact lens performance conducted at dispensing are representative of behavior after a moderate adaptation period.

Methods: Eighty-eight presbyopic subjects, across four clinical sites, wore each of four multifocal soft contact lenses (ACUVUE BIFOCAL, Focus Progressives, Proclear Multifocal, and SofLens Multifocal) for 4 days of daily wear. Comprehensive performance assessments were conducted at dispensing and after 4 days wear and included the following objective metrics: LogMAR acuity (contrast, 90% and 10%; illumination, 250 and 10 cd/m2; distance, 6 m, 100 cm, and 40 cm), stereopsis (RANDOT), reading critical print size and maximum speed and range of clear vision at near. Subjective assessments were made, with 100-point numerical rating scales, of comfort, ghosting (distance, near), visual quality (distance, intermediate, and near), and the appearance of haloes. At two sites, subjects (n = 39) also rated visual fluctuation (distance, intermediate, and near), facial recognition, and overall satisfaction.

Results: Among the objective variables, significant differences (paired t test, P<0.05) between dispensing and 4 days were found only for range of clear vision at near (2.9 ± 2.0 cm; mean difference ± standard deviation) and high contrast near acuity in low illumination (-0.013 ± 0.011 LogMAR). With the exception of insertion comfort, all subjective variables showed significant decrements over the same period. Overall satisfaction declined by an average of 10.9 ± 5.1 points.

Conclusions: Early assessment is relatively unrepresentative of performance later on during multifocal contact lens wear. Acuity based measures of vision remain substantially unchanged over the medium term, apparently because these metrics are insensitive indicators of performance compared with subjective alternatives.

Force amplification response of actin filaments under confined compression

Actin protein is a major component of the cell cytoskeleton, and its ability to respond to external forces and generate propulsive forces through the polymerization of filaments is central to many cellular processes. The mechanisms governing actin's abilities are still not fully understood because of the difficulty in observing these processes at a molecular level. Here, we describe a technique for studying actin–surface interactions by using a surface forces apparatus that is able to directly visualize and quantify the collective forces generated when layers of noninterconnected, end-tethered actin filaments are confined between 2 (mica) surfaces. We also identify a force-response mechanism in which filaments not only stiffen under compression, which increases the bending modulus, but more importantly generates opposing forces that are larger than the compressive force. This elastic stiffening mechanism appears to require the presence of confining surfaces, enabling actin filaments to both sense and respond to compressive forces without additional mediating proteins, providing insight into the potential role compressive forces play in many actin and other motor protein-based phenomena.

Evolution towards a new LSPR particle : Nano-sinusoid

This paper proposes a novel nano-sinusoid particle to be employed in enhanced localized surface plasmon resonance (LSPR) bio-sensing devices. Numerical investigations are carried out to demonstrate advantages offered by the proposed nano-particle on LSPR enhancement over other nano-particles including noble nano-triangles and nano-diamonds. Although nano-triangles exhibit high concentration of the electric field near their tips, when illuminated with a light polarized along the tip axis, they present only one hot spot at the vertex along the polarization direction. To create a structure with two hot spots, which is desired in bio-sensing applications, two nano-triangles can be put back-to-back. Therefore, a nano-diamond particle is obtained which exhibits two hot spots and presents higher enhancements than nano-triangles for the same resonant wavelength. The main drawback of the nano-diamonds is the fluctuation in their physical size-plasmon spectrum relationships, due to a high level of singularity as the result for their four sharp tip points. The proposed nano-sinusoid overcomes this disadvantage while maintaining the benefits of having two hot spots and high enhancements.

Investigation on localized surface plasmon resonance of different nano-particles for bio-sensor applications

This paper proposes a novel sinusoidal shape nano-particle employed in localized surface plasmon resonance (LSPR) devices. Numerical modeling demonstrates advantages offered by the proposed nano-sinusoid on LSPR enhancement against other nano-particles including noble nano-triangles and nano-diamonds. Although nano-triangles exhibit high concentration of the electric field near their tips, when illuminated with a light polarized along the tip axis, they present only one hot spot at the vertex along the polarization direction. To create a structure with two hot spots, which is desired in bio-sensing applications, two nano-triangles can be put back-to-back. Therefore, a nano-diamond particle is obtained which exhibits two hot spots and presents higher enhancements than nano-triangles for the same resonant wavelength. The main drawback of the nano-diamonds is the fluctuation in their physical size-plasmon spectrum relationships, due to a high level of singularity as the result for their four sharp tip points. The proposed nano-sinusoid overcomes this disadvantage while maintaining the benefits of having two hot spots and high enhancements.

Visualising a state-wide patient data collection : a case study to expand the audience for healthcare data

This paper describes the application of existing and novel adaptations of visualisation techniques to routinely collected health data. The aim of this case study is to examine the capacity for visualisation approaches to quickly and e ectively inform clinical, policy, and scal decision making to improve healthcare provision. We demonstrate the use of interactive graphics, fluctuation plots, mosaic plots, time plots, heatmaps, and disease maps to visualise patient admission, transfer, in-hospital mortality, morbidity coding, execution of diagnosis and treatment guidelines, and the temporal and spatial variations of diseases. The relative e ectiveness of these techniques and associated challenges are discussed.