Activity and functional interaction of alternative oxidase and uncoupling protein in mitochondria from tomato fruit

Cyanide-resistant alternative oxidase (AOX) is not limited to plant mitochondria and is widespread among several types of protists. The uncoupling protein (UCP) is much more widespread than previously believed, not only in tissues of higher animals but also in plants and in an amoeboid protozoan. The redox energy-dissipating pathway (AOX) and the proton electrochemical gradient energy-dissipating pathway (UCP) lead to the same final effect, i.e., a decrease in ATP synthesis and an increase in heat production. Studies with green tomato fruit mitochondria show that both proteins are present simultaneously in the membrane. This raises the question of a specific physiological role for each energy-dissipating system and of a possible functional connection between them (shared regulation). Linoleic acid, an abundant free fatty acid in plants which activates UCP, strongly inhibits cyanide-resistant respiration mediated by AOX. Moreover, studies of the evolution of AOX and UCP protein expression and of their activities during post-harvest ripening of tomato fruit show that AOX and plant UCP work sequentially: AOX activity decreases in early post-growing stages and UCP activity is decreased in late ripening stages. Electron partitioning between the alternative oxidase and the cytochrome pathway as well as H+ gradient partitioning between ATP synthase and UCP can be evaluated by the ADP/O method. This method facilitates description of the kinetics of energy-dissipating pathways and of ATP synthase when state 3 respiration is decreased by limitation of oxidizable substrate.

Microencapsulation and tissue engineering as an alternative treatment of diabetes

In the 70's, pancreatic islet transplantation arose as an attractive alternative to restore normoglycemia; however, the scarcity of donors and difficulties with allotransplants, even under immunosuppressive treatment, greatly hampered the use of this alternative. Several materials and devices have been developed to circumvent the problem of islet rejection by the recipient, but, so far, none has proved to be totally effective. A major barrier to transpose is the highly organized islet architecture and its physical and chemical setting in the pancreatic parenchyma. In order to tackle this problem, we assembled a multidisciplinary team that has been working towards setting up the Human Pancreatic Islets Unit at the Chemistry Institute of the University of São Paulo, to collect and process pancreas from human donors, upon consent, in order to produce purified, viable and functional islets to be used in transplants. Collaboration with the private enterprise has allowed access to the latest developed biomaterials for islet encapsulation and immunoisolation. Reasoning that the natural islet microenvironment should be mimicked for optimum viability and function, we set out to isolate extracellular matrix components from human pancreas, not only for analytical purposes, but also to be used as supplementary components of encapsulating materials. A protocol was designed to routinely culture different pancreatic tissues (islets, parenchyma and ducts) in the presence of several pancreatic extracellular matrix components and peptide growth factors to enrich the beta cell population in vitro before transplantation into patients. In addition to representing a therapeutic promise, this initiative is an example of productive partnership between the medical and scientific sectors of the university and private enterprises.

Irinotecan and oxaliplatin: an overview of the novel chemotherapeutic options for the treatment of advanced colorectal cancer

Colorectal cancer is one of the most frequent malignancies in humans and an important cause of cancer death. Metastatic colorectal cancer remains incurable with available systemic therapeutic options. The most active cytotoxic drug against this malignancy, the antimetabolite 5-fluorouracil, was developed more than forty years ago, and as a single agent produces responses in only 10 to 15% of patients which in general last less than one year. Efforts to ameliorate these poor results resulted in the 5-fluorouracil/leucovorin combination, which enhances response rates about two-fold, without, however, significantly improving survival rates. The recent emergence of a handful of new 5-fluorouracil analogues and folate antagonists, as well as the topoisomerase I inhibitor irinotecan, and the third-generation platinum compound oxaliplatin, is likely to alter this gloomy scenario. These agents are at least as effective as 5-fluorouracil in patients with advanced colorectal carcinoma, both untreated and previously treated with 5-fluorouracil-based regimens. This has led to the approval of irinotecan as second-line treatment for 5-fluorouracil-refractory disease, while the use of oxaliplatin has been suggested for patients having a defective 5-fluorouracil catabolism. Recently, FDA approved the combination of irinotecan with 5-fluorouracil and leucovorin for first-line treatment of advanced colon cancer. Based on the synergistic preclinical antitumor effects of some of these agents, their meaningful single-agent activity, distinct mechanisms of cytotoxicity and resistance, and only partially overlapping toxicity profiles, effective combination regimens are now being developed, which are likely to lead to a new, more hopeful era for patients suffering from advanced colorectal carcinoma.

Alternative parameters for echocardiographic assessment of fetal diastolic function

Alternative methods to assess ventricular diastolic function in the fetus are proposed. Fetal myocardial hypertrophy in maternal diabetes was used as a model of decreased left ventricular compliance (LVC), and fetal respiratory movements as a model of increased LVC. Comparison of three groups of fetuses showed that, in 10 fetuses of diabetic mothers (FDM) with septal hypertrophy (SH), the mean excursion index of the septum primum (EISP) (ratio between the linear excursion of the flap valve and the left atrial diameter) was 0.36 ± 0.09, in 8 FDM without SH it was 0.51 ± 0.09 (P = 0.001), and in the 8 normal control fetuses (NCF) it was 0.49 ± 0.12 (P = 0.003). In another study, 28 fetuses in apnea had a mean EISP of 0.39 ± 0.05 which increased to 0.57 ± 0.07 during respiration (P < 0.001). These two studies showed that the mobility of the septum primum was reduced when LVC was decreased and was increased when LVC was enhanced. Mean pulmonary vein pulsatility was higher in 14 FDM (1.83 ± 1.21) than in 26 NCF (1.02 ± 0.31; P = 0.02). In the same fetuses, mean left atrial shortening was decreased (0.40 ± 0.11) in relation to NCF (0.51 ± 0.09; P = 0.011). These results suggest that FDM may have a higher preload than normal controls, probably as a result of increased myocardial mass and LV hypertrophy. Prenatal assessment of LV diastolic function by fetal echocardiography should include analysis of septum primum mobility, pulmonary vein pulsatility, and left atrial shortening.

Peruskoulun yläkouluvalinnat Turussa. Perheiden yläkouluvalintojen rakentuminen äitien puheissa ja toimissa

Tutkimuksessa tarkastellaan peruskoulun yläkouluvalintoja Turussa. Tarkastelun keskiössä ovat vuonna 1997 syntyneiden turkulaislasten vanhempien yläkouluvalintaa koskeva yleinen sekä omaan lapseen kiinnittyvä puhe ja toimijuus paikallisessa institutionaalisessa kouluvalintatilassa sekä vanhempien lapsen koulutukseen ja kouluvalintaan liittämät perustelut, merkitykset, arvot ja arvostukset. Tämän lisäksi tutkimuksessa tarkastellaan puheesta ja toimista rakentuvia perheiden kouluvalintastrategioita, joita peilataan äitien koulutuksellisiin ja sosiaalisiin resursseihin sekä paikalliseen toimintapolitiikkaan. Tutkimus ei kerro ainoastaan paikallisessa kontekstissa tapahtuvista kouluvalinnoista, vaan laajemmin yhteiskunnassa vallitsevista hierarkioista ja arvoista sekä koulutukseen ja sosioekonomiseen asemaan linkittyvistä normatiivisista toimintatavoista. Tutkimuksessa käytetään haastattelu- ja kyselyaineistoja. Aineistot kerättiin osana kahta laajempaa Suomen Akatemian rahoittamaa Helsingin ja Turun yliopistojen kanssa yhteistyössä tehtyä tutkimusprojektia Vanhemmat ja kouluvalinta – Perheiden koulutusstrategiat, eriarvoistuminen ja paikalliset koulupolitiikat suomalaisessa peruskoulussa (VAKOVA) 2009–2012 sekä Parents and School Choice. Family Strategies, Segregation and School Policies in Chilean and Finnish Basic Schooling (PASC) 2010–2013. Tutkimusaineistot koostuvat 87 turkulaisäidin haastattelusta ja kyselyaineistosta. Kyselyaineiston analyysissä on käytetty kuvailevia tilastollisia menetelmiä, ja sitä käytetään ensisijaisesti taustoittamaan haastatteluaineistoa. Haastatteluaineiston analyysi perustuu pääasiallisesti teema-analyysiin, mutta toimija-asema-analyysin osalta myös diskursiiviseen lähestymistapaan. Haastatteluaineiston pohjalta esiin nousseiden lasten koulutusta ja kouluvalintoja koskevien kuvausten perusteella perheiden yläkouluvalinnat jaettiin kolmeen erityyppiseen valintastrategiaan: perinteiseen lähikouluvalintastrategiaan (n=41), ambivalenttiseen kouluvalintastrategiaan (n=23) ja päämäärätietoiseen kouluvalintastrategiaan (n=23). Jokainen kolmesta strategiasta piti sisällään kahdenlaista toimijuutta kouluvalintakentällä. Ryhmittely kouluvalintastrategioittain ja toimija-asemittain perustui äitien puhetapaan kouluvalinnoista ja yleisemmin koulutukseen liitetyistä merkityksistä ja arvoista sekä konkreettiseen toimintaan kouluvalinnan suhteen. Lähikouluvalintastrategiaa suosivien jälkeläiset siirtyivät koulunsa yleisluokalle. Perheet toimivat valintakentällä kaupungin rajaavan toimintapolitiikan ohjaamina, jolloin kouluvalinta näytti passiiviselta. Osoitteenmukaiseen kouluun siirtymistä perusteltiin praktisilla syillä; koulumatkan pituudella, kulkuyhteyksillä ja lapsen kaverisuhteilla. Hyvinvointivaltion edellytykseksi nähtiin kaikille taattu samanvertainen koulutus ja edelleen luotettiin perinteistä peruskoulua määrittävään mahdollisuuksien tasa-arvoon. Koulutuksen yhdeksi tärkeäksi tehtäväksi nähtiin lapsen kasvattaminen hyvinvoivaksi ja onnelliseksi. Vanhempien toiminta oli perinteisen kouluvalintastrategian mukaista. Ambivalenttista kouluvalintastrategiaa käyttävistä perheistä toiminta kouluvalintakentällä oli kahtalaista. Äidit joko harkitsivat kouluvalintoja tai vertailivat kouluja ja niihin pääsymahdollisuuksia realistisesti tasapainoillen ohjaavan ja mahdollistavan toimintapolitiikan välimaastossa. Tärkeintä oli olla tietoinen kaupungin kouluvalintapolitiikasta sekä siitä, että valinnoilla voi olla merkitystä jälkikasvun koulupolulle. Eri vaihtoehtojen punnitsemisen jälkeen päädyttiin useimmin lähikoulun painotettuun opetukseen. Lapsen peruskoulutusta haluttiin rikastaa painotetulla opetuksella ja hänen toivottiin pääsevän motivoituneeseen ja oppimismyönteiseen koululuokkaan. Valintoja tehtiin paikallisen toimintapolitiikan puitteissa lapsen parasta toivoen. Koulutuksen tehtäväksi nähtiin lapsen intellektuaalinen kasvu kiedottuna koulutuksen tuottamaan hyvinvointiin ja onnellisuuteen. Perheiden valintastrategiaksi muodostui ambivalenttinen strategia motivoituneen oppimisympäristön löytämiseksi. Päämäärätietoista kouluvalintastrategiaa käyttävät vanhemmat hyödynsivät aktiivisesti erilaisia reittejä tiettyihin yläkouluihin pääsemiseksi. Ennakoivien perheiden lapset olivat opiskelleet sellaisessa alakoulussa, joka ei kuulunut yläkoulun oppilasalueelle, mutta takasi lapselle reitin suosittuun yläkouluun. Määrätietoisten perheissä havahduttiin valintoihin puolestaan yläkouluun siirryttäessä, jolloin koulupaikkaa haettiin sopivimman painotetun opetuksen ja koulun maineen mukaan pois lähiyläkoulusta. Lähikoulu -periaate koettiin epäoikeudenmukaiseksi, sillä lapsella tulee olla oikeus toteuttaa omia kykyjään ja lahjakkuuttaan valikoidussa oppilasryhmässä ja perheillä mahdollisuus valita lapsen koulu. Paikallinen toimintapolitiikka ei näyttänyt rajaavan vanhempien kouluvalintoja. Koulutuksen tarkoitukseksi nähtiin intellektuaalinen kasvu ja akateemissivistävä tehtävä. Päämäärätietoisen kouluvalintavalintastrategian tavoitteena oli perheelle sopivan habituksen takaaminen. Paikallinen toimintapolitiikka mahdollisti vanhempien erilaisten kouluvalintastrategioiden rakentumisen ohjaten ensisijaisesti lähiyläkouluun, mutta samalla mahdollistaen koulun valinnan toissijaisen haun kriteerein. Kouluvalintastrategioihin ja toimintatapaan kouluvalintakentällä kytkeytyi vanhempien koulutukseen liittämät arvot sekä kulttuuriset ja sosiaaliset resurssit ja se, miten niitä käytettiin.

Normative data for the Brazilian population in the Boston Diagnostic Aphasia Examination: influence of schooling

In Neurolinguistics, the use of diagnostic tests developed in other countries can create difficulties in the interpretation of results due to cultural, demographic and linguistic differences. In a country such as Brazil, with great social contrasts, schooling exerts a powerful influence on the abilities of normal individuals. The objective of the present study was to identify the influence of schooling on the performance of normal Brazilian individuals in the Boston Diagnostic Aphasia Examination (BDAE), in order to obtain reference values for the Brazilian population. We studied 107 normal subjects ranging in age from 15 to 84 years (mean ± SD = 47.2 ± 17.6 years), with educational level ranging from 1 to 24 years (9.9 ± 4.8 years). Subjects were compared for scores obtained in the 28 subtests of the BDAE after being divided into groups according to age (15 to 30, N = 24, 31 to 50, N = 33 and 51 years or more, N = 50) and education (1 to 4, N = 26, 5 to 8, N = 17 and 9 years or more, N = 61). Subjects with 4 years or less of education performed poorer in Word Discrimination, Visual Confrontation Naming, Reading of Sentences and Paragraphs, and Primer-Level Dictation (P < 0.05). When breakdown by schooling was 8 years or less, subjects performed poorer in all subtests (P < 0.05), except Responsive Naming, Word Recognition and Word-Picture Matching. The elderly performed poorer (P < 0.05) in Complex Ideational Material, Visual Confrontation Naming, Comprehension of Oral Spelling, Written Confrontation Naming, and Sentences to Dictation. We present the reference values for the cut-off scores according to educational level.

Wooden packaging waste reuse and refining

The aim of the thesis was both to study wooden packaging waste reuse and refining generated in the forestry machine factory environment, and to find alternative wooden packaging waste utilization options in order to create a new operating model which would decrease the overall amount of waste produced. As environmental and waste legislation has become more rigid and companies' own environmental management systems’ requirements and control have increased, companies have had to consider their environmental aspects more carefully. Companies have to take into account alternative ways of reducing waste through an increase in reuse and recycling. A part of this waste is from different forms of packaging. In the metal industry the most heavily used packaging material is wooden packaging, as such material is heavy and the packaging has to be able to bear heavy stress. In the theoretical part of the thesis, the requirements of packaging and packaging waste legislation, as well as environmental management systems governing companies’ processing of their packaging waste, are studied. The theoretical part includes a process study of systems, which direct packaging waste and wooden packaging waste refining. In addition, methods related to the continuous improvement of these processes are introduced. This thesis concentrates on designing and creating a new operating model in relation to wooden packaging waste processing. The main target was to find an efficient model in order to decrease the total amount of wooden packaging waste and to increase refining. The empirical part introduces methods for approaches to wooden packaging waste re-utilization, as well as a description of a new operating model and its impact.

Allogeneic hematopoietic stem cell transplantation from an alternative stem cell source in Fanconi anemia patients: analysis of 47 patients from a single institution

We transplanted 47 patients with Fanconi anemia using an alternative source of hematopoietic cells. The patients were assigned to the following groups: group 1, unrelated bone marrow (N = 15); group 2, unrelated cord blood (N = 17), and group 3, related non-sibling bone marrow (N = 15). Twenty-four patients (51%) had complete engraftment, which was not influenced by gender (P = 0.87), age (P = 0.45), dose of cyclophosphamide (P = 0.80), nucleated cell dose infused (P = 0.60), or use of anti-T serotherapy (P = 0.20). Favorable factors for superior engraftment were full HLA compatibility (independent of the source of cells; P = 0.007) and use of a fludarabine-based conditioning regimen (P = 0.046). Unfavorable factors were > or = 25 transfusions pre-transplant (P = 0.011) and degree of HLA disparity (P = 0.007). Intensity of mucositis (P = 0.50) and use of androgen prior to transplant had no influence on survival (P = 0.80). Acute graft-versus-host disease (GVHD) grade II-IV and chronic GVHD were diagnosed in 47 and 23% of available patients, respectively, and infections prevailed as the main cause of death, associated or not with GVHD. Eighteen patients are alive, the Kaplan-Meyer overall survival is 38% at ~8 years, and the best results were obtained with related non-sibling bone marrow patients. Three recommendations emerged from the present study: fludarabine as part of conditioning, transplant in patients with <25 transfusions and avoidance of HLA disparity. In addition, an extended family search (even when consanguinity is not present) seeking for a related non-sibling donor is highly recommended.

Alternative pathways for angiotensin II generation in the cardiovascular system

The classical renin-angiotensin system (RAS) consists of enzymes and peptides that regulate blood pressure and electrolyte and fluid homeostasis. Angiotensin II (Ang II) is one of the most important and extensively studied components of the RAS. The beneficial effects of angiotensin converting enzyme (ACE) inhibitors in the treatment of hypertension and heart failure, among other diseases, are well known. However, it has been reported that patients chronically treated with effective doses of these inhibitors do not show suppression of Ang II formation, suggesting the involvement of pathways alternative to ACE in the generation of Ang II. Moreover, the finding that the concentration of Ang II is preserved in the kidney, heart and lungs of mice with an ACE deletion indicates the important role of alternative pathways under basal conditions to maintain the levels of Ang II. Our group has characterized the serine protease elastase-2 as an alternative pathway for Ang II generation from Ang I in rats. A role for elastase-2 in the cardiovascular system was suggested by studies performed in heart and conductance and resistance vessels of normotensive and spontaneously hypertensive rats. This mini-review will highlight the pharmacological aspects of the RAS, emphasizing the role of elastase-2, an alternative pathway for Ang II generation.

Alternative complement pathway and factor B activities in rats with altered blood levels of thyroid hormone

Evaluating the activity of the complement system under conditions of altered thyroid hormone levels might help elucidate the role of complement in triggering autoimmune processes. Here, we investigated alternative pathway (AP) activity in male Wistar rats (180 ± 10 g) after altering their thyroid hormone levels by treatment with triiodothyronine (T3), propylthiouracil (PTU) or thyroidectomy. T3 and thyroxine (T4) levels were determined by chemiluminescence assays. Hemolytic assays were performed to evaluate the lytic activity of the AP. Factor B activity was evaluated using factor B-deficient serum. An anti-human factor B antibody was used to measure factor B levels in serum by radial immunodiffusion. T3 measurements in thyroidectomized animals or animals treated with PTU demonstrated a significant reduction in hormone levels compared to control. The results showed a reduction in AP lytic activity in rats treated with increasing amounts of T3 (1, 10, or 50 µg). Factor B activity was also decreased in the sera of hyperthyroid rats treated with 1 to 50 µg T3. Additionally, treating rats with 25 µg T3 significantly increased factor B levels in their sera (P < 0.01). In contrast, increased factor B concentration and activity (32%) were observed in hypothyroid rats. We conclude that alterations in thyroid hormone levels affect the activity of the AP and factor B, which may in turn affect the roles of AP and factor B in antibody production.

The consensus sequence of FAMLF alternative splice variants is overexpressed in undifferentiated hematopoietic cells

The familial acute myeloid leukemia related factor gene (FAMLF) was previously identified from a familial AML subtractive cDNA library and shown to undergo alternative splicing. This study used real-time quantitative PCR to investigate the expression of the FAMLF alternative-splicing transcript consensus sequence (FAMLF-CS) in peripheral blood mononuclear cells (PBMCs) from 119 patients with de novo acute leukemia (AL) and 104 healthy controls, as well as in CD34+cells from 12 AL patients and 10 healthy donors. A 429-bp fragment from a novel splicing variant of FAMLF was obtained, and a 363-bp consensus sequence was targeted to quantify total FAMLF expression. Kruskal-Wallis, Nemenyi, Spearman's correlation, and Mann-Whitney U-tests were used to analyze the data. FAMLF-CS expression in PBMCs from AL patients and CD34+ cells from AL patients and controls was significantly higher than in control PBMCs (P<0.0001). Moreover,FAMLF-CS expression in PBMCs from the AML group was positively correlated with red blood cell count (rs=0.317, P=0.006), hemoglobin levels (rs=0.210, P=0.049), and percentage of peripheral blood blasts (rs=0.256, P=0.027), but inversely correlated with hemoglobin levels in the control group (rs=–0.391, P<0.0001). AML patients with high CD34+ expression showed significantly higherFAMLF-CS expression than those with low CD34+ expression (P=0.041). Our results showed thatFAMLF is highly expressed in both normal and malignant immature hematopoietic cells, but that expression is lower in normal mature PBMCs.

Alternative chromatographic system for the quality control of lipophilic technetium-99m radiopharmaceuticals such as [99mTc(MIBI)6]+

Knowledge of the radiochemical purity of radiopharmaceuticals is mandatory and can be evaluated by several methods and techniques. Planar chromatography is the technique normally employed in nuclear medicine since it is simple, rapid and usually of low cost. There is no standard system for the chromatographic technique, but price, separation efficiency and short time for execution must be considered. We have studied an alternative system using common chromatographic stationary phase and alcohol or alcohol:chloroform mixtures as the mobile phase, using the lipophilic radiopharmaceutical [99mTc(MIBI)6]+ as a model. Whatman 1 modified phase paper and absolute ethanol, Whatman 1 paper and methanol:chloroform (25:75), Whatman 3MM paper and ethanol:chloroform (25:75), and the more expensive ITLC-SG and 1-propanol:chloroform (10:90) were suitable systems for the direct determination of radiochemical purity of [99mTc(MIBI)6]+ since impurities such as99mTc-reduced-hydrolyzed (RH),99mTcO4- and [99mTc(cysteine)2]-complex were completely separated from the radiopharmaceutical, which moved toward the front of chromatographic systems while impurities were retained at the origin. The time required for analysis was 4 to 15 min, which is appropriate for nuclear medicine routines.

Luodin osuman havaitsevan metallimaalitaulun anturointi

Luotiaseilla tapahtuvaan ampumaharjoitteluun on käytössä monia erilaisia maalitauluja. Perinteisesti maalitauluna on toiminut puukehikkoon kiinnitetty pahvitaulu ja osumat on todettu siihen jääneiden reikien perusteella. Nykymaailmassa kaikki kuitenkin sähköistyy ja niin käy myös maalitauluille. Tämän kandidaatintyön tarkoituksena on selvittää kirjallisuustutkimuksen sekä kokeellisen tutkimuksen avulla metallisen luotiaseille tarkoitetun osuman havaitsevan maalilaitteen käyttöön soveltuva anturointi. Kirjallisuustutkimuksen avulla selvitetään antureilta vaadittavat ominaisuudet sekä valitaan kokeellista tutkimusta varten vaihtoehdot anturoinnille. Kokeellinen tutkimus suoritetaan kahdessa osassa, ensin laboratoriossa ja myöhemmin ampumaradalla tositilanteessa. Kokeellisen tutkimuksen tarkoituksena on vertailla valittujen antureiden ominaisuuksia ja valita niistä käyttötarkoitukseen soveltuvin. Kokeellista tutkimusta varten kehitettiin kaksi eri mittausjärjestelyä, joiden todettiin soveltuvan hyvin antureiden vertailemiseen. Kokeellisessa tutkimuksessa selvitettiin kolmen piezosähköisen PVDF- eli polyvinyylideenifluoridi-anturin sekä kahden erilaisen akustisen anturin soveltuvuus maalilaitteen käyttöön. Tutkimuksen perusteella todettiin PVDF-antureiden olevan soveltuvia maalilaitteen anturointiin. Akustiset anturit eivät testa-tulla tavalla täyttäneet anturoinnille asetettuja vaatimuksia.

The Forecast Performance of Model-Free Implied Volatility: Evidence from DAX Index Options

Volatility has a central role in various theoretical and practical applications in financial markets. These include the applications related to portfolio theory, derivatives pricing and financial risk management. Both theoretical and practical applications require good estimates and forecasts for the asset return volatility. The goal of this study is to examine the forecast performance of one of the more recent volatility measures, model-free implied volatility. Model-free implied volatility is extracted from the prices in the option markets, and it aims to provide an unbiased estimate for the market’s expectation on the future level of volatility. Since it is extracted from the option prices, model-free implied volatility should contain all the relevant information that the market participants have. Moreover, model-free implied volatility requires less restrictive assumptions than the commonly used Black-Scholes implied volatility, which means that it should be less biased estimate for the market’s expectations. Therefore, it should also be a better forecast for the future volatility. The forecast performance of model-free implied volatility is evaluated by comparing it to the forecast performance of Black-Scholes implied volatility and GARCH(1,1) forecast. Weekly forecasts for six years period were calculated for the forecasted variable, German stock market index DAX. The data consisted of price observations for DAX index options. The forecast performance was measured using econometric methods, which aimed to capture the biasedness, accuracy and the information content of the forecasts. The results of the study suggest that the forecast performance of model-free implied volatility is superior to forecast performance of GARCH(1,1) forecast. However, the results also suggest that the forecast performance of model-free implied volatility is not as good as the forecast performance of Black-Scholes implied volatility, which is against the hypotheses based on theory. The results of this study are consistent with the majority of prior research on the subject.

Development of an alternative technology for the oyster mushroom production using liquid inoculum

Pleurotus ostreatus, worldwide known as oyster mushroom, was cultivated in banana straw using inocula produced by two different processes - liquid inoculum and the traditionally used solid inoculum. Different ratios (5, 10, 15, and 20%) were tested. Biological efficiency, yield, productivity, organic matter loss, and moisture of fruiting bodies as well as physical-chemical characteristics of banana straw were studied. Significant differences were observed for cellulose, lignin, and hemicellulose content between one and two harvests for both solid and liquid inocula. It was observed that P. ostreatus growth promoted higher degradation of lignin (80.36%), followed by hemicellulose (78.64%) and cellulose (60.37%). Significant differences between one and two harvests were also observed for the production parameters (biological efficiency and yield) for both kinds of inocula, liquid and solid. However, significant differences in productivity between harvests were observed only for solid inoculum.