908 resultados para put and call option


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The operation environment in the roundwood trade in Finland in the 1990’s include several changes. They are changes in the structure of non-industrial private forest (NIPF) ownership, forest taxation, in forest legislation, in price recommendation agreement, diminishing resources of forestry extension services, etc. At the same time, the roundwood demand has been rising. All these developments cause uncertainty in wood procurement organisations, and call for research to find out how to adapt into the changing environment. The objective of this study is to produce information for roundwood purchasing planning and cus-tomer satisfaction management to be used by Stora Enso Metsä Customer Service, Helsinki. For this pur-pose, data needs to be gathered about the urban NIPFs and their forest estates, behaviour related to forestry and timber-selling, customer satisfaction in their latest timber selling transaction, and their opinions about Enso’s new customer service office and its service concept. To fulfil the objective of the study, a NIPF -owner -survey (N=1064, response rate 39,7%) was con-ducted in October 1998-January 1999. The sample was made on the basis of the marketing database of Stora Enso Oyj Forest Customer Service in Helsinki. In planning the frame of reference of the empirical study, the model of service quality by Grönroos was applied. The following aspects were included in the 7-page questionnaire: demographic, sosio-economic and forest estate background, relation to the forest service supply, behaviour related to forestry, timber-selling motives and behaviour, last contact organisation and its image in forestry business, expectations and percep-tions in the latest timber-selling transactions, and behavioural intentions. The results revealed that the share of women, pensioners and academically educated people among forest owners was quite high. The majority of the forest estates of the metropolitan forest owners were situ-ated in the provinces of South Finland and East Finland. The average forest estate area was considerably smaller than in a previous study. Economic and recreational objectives were most important in the use of forests. Forest Associations were involved in half of the roundwood sales transactions of the respondents in the metropolitan area. The wood quantity of transactions was considerably higher than the average in the whole country. Bank-organised forest-related activities, taxation infos and trips to the forest were the most popular activities. Among the services, silvicultural advices were needed mostly and stub treatment least. Brochure material related to stumpage timber sales and taxation were considered most important compared to material related to delivery sales. The service expectations were at highest for women and they were less satisfied with the service than men. 2nd and 3rd generation residents of the metropolitan area thought about the new customer service concept more positively than the 1st generation residents. Internet users under 60 years thought more positively about new satellite picture-based woodlot search concept. Cross-tabulation of factor scores against background variables indicated that women with relatively low education level a greater need to sell roundwood than entrepreneurs, white-collar workers and directors, and Internet users. Suspiciousness towards timber procurement organisations was relatively strong among women and those whose forest income share of the total income was either null or over 20 %. The average customer satisfaction score was negative in all nine questions. Statistical differences be-tween different companies did not exist in the average satisfaction scores. Stora Enso’s Helsinki forest cus-tomer service could choose the ability to purchase all timber grades as its competitive advantage. Out of nine service dimension included in the questionnaire, in this particular service dimension, Enso’s Helsinki forest customer service’s score exceeded most all organisations’ average customer satisfaction score. On the basis of importance – performance matrix, advice and quidance could have been provided more to the forest owners in their latest timber–selling transaction.

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These last twenty years have seen the development of an abundant literature on the influence of soil macrofauna on soil structure. Amongst these organisms, earthworms, termites and ants are considered to play a key role in regulating the physical, chemical and microbiological properties of soils. Due to these influential impacts, soil ecologists consider these soil macro-invertebrates as `soil engineers' and their diversity and abundance are nowadays considered as relevant bioindicators of soil quality by many scientists and policy makers. Despite this abundant literature, the soil engineering concept remains a `preach to the choir' and bioturbation only perceived as important for soil ecologists. We discussed in this article the main mechanisms by which soil engineers impact soil structure and proposed to classify soil engineers with respect to their capacity to produce biostructures and modify them. We underlined the lack of studies considering biostructure dynamics and presented recent techniques in this purpose. We discussed why soil engineering concept is mainly considered by soil ecologists and call for a better collaboration between soil ecologists and soil physicists. Finally, we summarized main challenges and questions that need to be answered to integrate soil engineers activities in soil structure studies. (C) 2014 Elsevier B.V. All rights reserved.

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An open question within the Bienenstock-Cooper-Munro theory for synaptic modification concerns the specific mechanism that is responsible for regulating the sliding modification threshold (SMT). In this conductance-based modeling study on hippocampal pyramidal neurons, we quantitatively assessed the impact of seven ion channels (R- and T-type calcium, fast sodium, delayed rectifier, A-type, and small-conductance calcium-activated (SK) potassium and HCN) and two receptors (AMPAR and NMDAR) on a calcium-dependent Bienenstock-Cooper-Munro-like plasticity rule. Our analysis with R- and T-type calcium channels revealed that differences in their activation-inactivation profiles resulted in differential impacts on how they altered the SMT. Further, we found that the impact of SK channels on the SMT critically depended on the voltage dependence and kinetics of the calcium sources with which they interacted. Next, we considered interactions among all the seven channels and the two receptors through global sensitivity analysis on 11 model parameters. We constructed 20,000 models through uniform randomization of these parameters and found 360 valid models based on experimental constraints on their plasticity profiles. Analyzing these 360 models, we found that similar plasticity profiles could emerge with several nonunique parametric combinations and that parameters exhibited weak pairwise correlations. Finally, we used seven sets of virtual knock-outs on these 360 models and found that the impact of different channels on the SMT was variable and differential. These results suggest that there are several nonunique routes to regulate the SMT, and call for a systematic analysis of the variability and state dependence of the mechanisms underlying metaplasticity during behavior and pathology.

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A correção de deformidades esqueléticas da face por meio de um tratamento ortodôntico-cirúrgico tornou-se uma opção segura e previsível. Os movimentos ósseos são milimetricamente calculados e executados cirurgicamente, assim como a oclusão é meticulosamente engrenada através dos movimentos ortodônticos. Os efeitos que os tecidos moles sofrem com as cirurgias ortognáticas são, no entanto, menos previsíveis, e apesar do principal objetivo da cirurgia ortognática ser uma melhora funcional, o componente estético é sem dúvida de extrema importância. Em especial, a região de base alar apresenta resultados muito variáveis, a despeito dos bons resultados esqueléticos atingidos. O objetivo deste estudo foi comparar 2 diferentes tipos de sutura utilizados na região de base do nariz, e observar qual tipo apresenta um resultado que melhor acompanhe os movimentos realizados pelo tecido esquelético. Trinta e cinco pacientes foram aleatoriamente distribuídos em 2 grupos. O grupo 1 funcionou como controle e os pacientes receberam a plicatura nasal intra-oral, que é o tipo de plicatura nasal mais descrito na literatura. Já os pacientes do grupo 2 receberam plicatura nasal extra-oral. Para análise estatística foram calculadas as médias e desvios padrões dos grupos, e a hipótese nula de que não havia diferença entre os 2 grupos foi testata com o teste T de Student. Em ambos os grupos ocorreu um alargamento da base do nariz, porém a média de alargamento do grupo 1 foi de 2,50 milímetros (mm), enquanto que a média de alargamento do grupo 2 foi de 1,26 mm. Além disso, o desvio padrão foi menor para o grupo 2, e a hipótese nula foi rejeitada (p<0,05), demonstrando que a diferença entre os grupos foi estatisticamente significativa. Pôde-se concluir que quando objetiva-se um controle mais previsível e rigoroso da base do nariz, a plicatura nasal extra-oral cumprirá melhor esta função.

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Essa pesquisa insere-se em um contexto de muitas discussões acerca da qualidade da educação no Brasil, motivadas principalmente pelos maus resultados atingidos pelo país em exames internacionais. Os constantes debates têm dado margem, inclusive, a movimentos que, culpando os PCNs pelo fracasso generalizado na alfabetização, clamam pela volta de um ensino tradicional. De fato, apesar das imensas contribuições trazidas pelos estudos que embasam os PCNs, apenas a sua institucionalização não garantiu a ocorrência de mudanças efetivas na educação. Principalmente no campo da alfabetização, interpretações equivocadas levaram, por exemplo, ao desencadeamento de um processo de desmetodização do ensino, caracterizado pela exclusão total, nos últimos anos, das questões de ordem metodológica das pautas de discussões. Tal fenômeno, denominado por Soares (2004) de desinvenção da alfabetização, e também abordado por outros pesquisadores (cf. MORAIS, 2006; FRADE, 2003; CARVALHO, 2007), obviamente, acabou se refletindo nos novos livros didáticos, avaliados e recomendados pelo MEC. O problema é que os novos livros parecem não estar satisfazendo às necessidades dos docentes. Estudos recentes têm revelado tanto uma insatisfação desses profissionais em relação a tais materiais quanto a manutenção de práticas didáticas preconizadas pelos métodos tradicionais (Cf. BRITO et al., 2007; SILVA 2008; e MORAIS E ALBURQUERQUE, 2008). Considerando-se que: (a) hoje já se reconhece que os processos de alfabetização e letramento são complementares e indissociáveis (SOARES, 2004); (b) na realidade brasileira os livros didáticos ainda são recursos centrais no trabalho em sala de aula; (c) as obras são avaliadas a partir de rígidos critérios, alinhados às mais recentes teorias; e (d), a disponibilização gratuita desses materiais demanda um alto investimento do governo, o objetivo deste estudo foi analisar criticamente um dos livros didáticos de alfabetização do PNLD/2010 (L.E.R., Leitura, escrita e reflexão 1 ano, FTD), na tentativa de levantar pistas sobre os possíveis motivos dessa não-adesão dos docentes aos novos livros. Para tanto, foi realizada uma análise documental crítica, de abordagem qualitativa, que observou na obra os seguintes aspectos: o espaço dedicado ao ensino do sistema de escrita alfabética; a existência de articulação desse trabalho com o de letramento; a coerência entre a orientação pedagógica declarada e as atividades propostas; e a clareza e objetividade das instruções e sugestões fornecidas ao docente. As análises realizadas mostram, entre os dados mais relevantes, que o livro estudado ainda dedica um espaço muito reduzido às atividades de ensino do sistema de escrita e não apresenta uma articulação satisfatória entre essas atividades e àquelas voltadas ao letramento, corroborando dados de outros estudos, aqui já mencionados. Esses resultados podem ser indicativos de que os critérios estipulados para a avaliação desses livros precisariam ser revistos de forma que atendessem mais equilibradamente tanto aos objetivos da alfabetização e do letramento quanto às necessidades da prática docente. Para um maior aprofundamento deste estudo considero que, futuramente, seus dados podem ser complementados por análises dos próprios docentes sobre o livro estudado, ou até mesmo por pesquisas sobre seu uso efetivo em sala de aula

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The angling season for non-migratory brown trout, in the Environment Agency (EA) North West Region, runs from March 15th to September 30th. Each year, large numbers of farm reared brown trout are stocked into the rivers of the North West Region's Central Area. In 1994, approximately 20,000 brown trout were introduced into the River systems of the Lune, Wyre and Ribble by local angling clubs and fishery owners. Most of these fish were stocked at a length greater than that defined by local byelaws as the takeable size (200mm). Introductions are made to supplement the existing wild brown trout populations within the river and increase the probability of an angler catching a fish. Stocking with fish of a sufficient length allows the successful angler to remove the catch for their own use. In this way, stretches of the rivers are effectively managed as "put and take" fisheries for brown trout. A number of brown trout fingerlings are also introduced each year by angling clubs and fishery owners. These are stocked with the expectation that the fish will survive in the river to grow, over-winter, and eventually attain a takable size with an increased degree of "wildness". The lower cost of fingerlings, as opposed to trout of a takable length, makes their introduction more attractive to angling clubs since a greater number can be stocked for a given cost. Although the practise of stocking brown trout has occurred for many years in the Central Area, there is little information of its success in terms of increasing anglers catches, or the survival offish introduced. This study was initiated to determine the recapture rates by angling of brown trout following their introduction into a river fishery. The information gained from this study can then be used to give guidance to angling clubs and fishery owners on the optimal strategies for stocking fish.

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O presente trabalho discute a interdependência entre religião e política no âmbito da ação pastoral da Diocese de Nova Iguaçu no bispado de Dom Adriano Hypólito, que foi nomeado em 1966 bispo diocesano. No discurso e práticas sociais realizados por Dom Adriano Hypólito observa-se a base dessa interdependência. Por isso, a pesquisa procura analisar os discursos proferidos pelo bispo em documentos como A Folha e o Boletim Diocesano para mensurar seu posicionamento em relação à fé e política. Através das entrevistas concedidas por padres e leigos engajados busca-se regatar a memória do Bispo de Nova Iguaçu, que em decorrência de sua postura e opção preferencial pelos pobres sofre perseguições e é torturado no âmbito da Ditadura Civil-Militar no Brasil. Para corroborar tais elementos, procura-se fazer uma análise antropológica do memorial, construído um ano após de seu falecimento. Salienta-se que os objetos que se encontram nesse memorial se materializam como lugar-memória, e que se traduzem numa linguagem político-religiosa. Dessa forma, procura-se localizar nesse espaço como a memória de Dom Adriano está sendo transmitida e de que forma seu trabalho pastoral é recuperado nessa construção. A pesquisa também procura recuperar os discursos do Bispo Dom Adriano e a contribuição dos mesmos para a formação do laicato que através da conscientização e formação nas bases da Igreja engajar-se-ão em movimentos sociais, em partidos políticos e em sindicatos.

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Capillary electrophoresis (CE) with tris(2,2'-bipyridyl) ruthenium (II) (Ru(bpy)(3)(2+)) electrochemiluminescence (ECL) detection technique was developed for the analysis of four polyamines (putrescine (Put), cadaverine (Cad), spermidine (Spd), and spermine (Spm)) analysis. The four polyamines contain different amine groups, which have different ECL activity. There are several parameters which influence the resolution and ECL peak intensities, including the buffer pH and concentrations, separation voltage, sample injection, electrode materials, and Ru(bpy)(3)(2+) concentrations. Polyamines are separated by capillary zone electrophoresis in an uncoated fused-silica capillary (50 cm x 25 mum (ID) filled with acidic phosphate buffer (200 mmol/L phosphate, pH 2.0) - 1 mol/L phosphoric acid (9:1 v/v) and a separation voltage of 5 kV (25 muA), with end-column Ru(bpy)(3)(2+) ECL detection. A 5 mmol/L Ru(bpy)(3)(2+) solution plus 200 mmol/L phosphate buffer (pH 11.0) is added into the reagent reservoir. The calibration curve is linear over a concentration range of two or three orders of magnitude for the polyamines. The analysis time is less than 25 min. Detection limits for Put and Cad are 1.9 x 10(-7) mol/L and 7.6 x 10(-9) mol/L for Spd and Spm, respectively.

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We have developed an instrument to study the behavior of the critical current density (J(c)) in superconducting wires and tapes as a function of field (mu(0)H), temperature (T), and axial applied strain (epsilon(a)). The apparatus is an improvement of similar devices that have been successfully used in our institute for over a decade. It encompasses specific advantages such as a simple sample layout, a well defined and homogeneous strain application, the possibility of investigating large compressive strains and the option of simple temperature variation, while improving the main drawback in our previous systems by increasing the investigated sample length by approximately a factor of 10. The increase in length is achieved via a design change from a straight beam section to an initially curved beam, placed perpendicular to the applied field axis in the limited diameter of a high field magnet bore. This article describes in detail the mechanical design of the device and its calibrations. Additionally initial J(c)(epsilon(a)) data, measured at liquid helium temperature, are presented for a bronze processed and for a powder-in-tube Nb3Sn superconducting wire. Comparisons are made with earlier characterizations, indicating consistent behavior of the instrument. The improved voltage resolution, resulting from the increased sample length, enables J(c) determinations at an electric field criterion E-c=10 muV/m, which is substantially lower than a criterion of E-c=100 muV/m which was possible in our previous systems. (C) 2004 American Institute of Physics.

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Trabalho Final de Mestrado elaborado no Laboratório de Engenharia Civil para obtenção do grau de Mestre em Engenharia Civil na Área de Especialização de Edificações no âmbito do protocolo de cooperação entre o ISEL e o LNEC

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Grounded on Raymond Williams‘s definition of knowable community as a cultural tool to analyse literary texts, the essay reads the texts D.H.Lawrence wrote while travelling in the Mediterranean (Twilight in Italy, Sea and Sardinia and Etruscan Places) as knowable communities, bringing to the discussion the wide importance of literature not only as an object for aesthetic or textual readings, but also as a signifying practice which tells stories of culture. Departing from some considerations regarding the historical development of the relationship between literature and culture, the essay analyses the ways D. H. Lawrence constructed maps of meaning, where the readers, in a dynamic relation with the texts, apprehend experiences, structures and feelings; putting into perspective Williams‘s theory of culture as a whole way of life, it also analyses the ways the author communicates and organizes these experiences, creating a space of communication and operating at different levels of reality: on the one hand, the reality of the whole way of Italian life, and, on the other hand, the reality of the reader who aspires to make sense and to create an interpretative context where all the information is put, and, also, the reality of the writer in the poetic act of writing. To read these travel writings as knowable communities is to understand them as a form that invents a community with no other existence but that of the literary text. The cultural construction we find in these texts is the result of the selection, and interpretation done by D.H.Lawrence, as well as the product of the author‘s enunciative positions, and of his epistemological and ontological filigrees of existence, structured by the conditions of possibility. In the rearticulation of the text, of the writer and of the reader, in a dynamic and shared process of discursive alliances, we understand that Lawrence tells stories of the Mediterranean through his literary art.

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Dissertação apresentada à Escola Superior de Educação de Lisboa para obtenção de grau de mestre em Didáticas Integradas em Língua Portuguesa, Matemática, Ciências Naturais e Sociais

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O presente estágio foi desenvolvido na Britafiel. Um dos projectos em que a Empresa se encontra envolvida é o STOCO, pretendendo implementar à escala industrial um processo de coloração de pedra granítica natural para fins decorativos. Foi neste projecto que se enquadrou o estágio. O tema do estágio centra-se no processo de coloração de granito tendo como principal foco a implementação de um processo industrial de produção de granito colorido. O projecto STOCO nasce da necessidade de complementar a actividade da empresa com produtos de maior valor acrescentado para valorização da matéria-prima de base, o granito. STOCO, resultante de Stone Color, é o nome dado ao projecto e ao novo produto que é granito colorido, sob a forma de brita. Pretende-se obter um produto amigo do ambiente e com boas características: manter a textura natural da pedra granítica e assegurar uma boa resistência a factores agressivos. Estudos prévios de qualidade e de toxicidade mostraram que o produto STOCO desenvolvido até então apresenta um bom comportamento face a agressões climatéricas e que não compromete a vida das espécies usadas nos testes (peixes). Em relação aos lixiviados e resíduos da pedra colorida STOCO, estes não apresentaram qualquer problema ambiental, sendo considerado um produto amigo do ambiente. À data de início do presente trabalho estava em funcionamento um equipamento protótipo de produção de granito colorido (100 kg/partida), sendo a instalação e o arranque da unidade industrial (3 ton/h) concretizados no início de 2014, já no decorrer deste trabalho. Os objectivos cumpridos no âmbito deste trabalho foram então a implementação de uma linha industrial de produção de brita colorida, avaliação técnica do processo e do custo industrial de produção associado às matérias-primas. Neste relatório é descrito o processo inicial adoptado e apresentam-se as alterações efectuadas para melhoria do processo produtivo. Resolveram-se problemas como: definição e instalação de equipamentos complementares para a entrada e a saída da brita no equipamento industrial; pó excessivo na brita; cheiro intenso a gás e elevado ruído; adequação do sistema de pintura; e secagem incompleta da brita. Alguns destes problemas não foram totalmente resolvidos, mas sim minimizados. O equipamento industrial necessita ainda de alterações em diversas áreas, que foram identificadas e para as quais são feitas sugestões de melhoria. Conseguiu-se ainda fazer alguns testes para uma possível substituição de alguns constituintes da tinta. Os componentes que entram na composição base da tinta aquosa, são de modo simplificado: ligante, pigmento, solvente e aditivos. Os constituintes que mais encarecem a tinta, e consequentemente o processo em causa, são o ligante e o pigmento. Os estudos efectuados precisam de ser aprofundados, na tentativa de melhorar o processo minimizando os custos de produção. Formalizaram-se os procedimentos escritos de produção STOCO tanto para o protótipo como para o processo industrial e elaborou-se uma ficha técnica de produto para a brita colorida STOCO.

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A PhD Dissertation, presented as part of the requirements for the Degree of Doctor of Philosophy from the NOVA - School of Business and Economics

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Enhanced biological phosphorus removal (EBPR) is the most economic and sustainable option used in wastewater treatment plants (WWTPs) for phosphorus removal. In this process it is important to control the competition between polyphosphate accumulating organisms (PAOs) and glycogen accumulating organisms (GAOs), since EBPR deterioration or failure can be related with the proliferation of GAOs over PAOs. This thesis is focused on the effect of operational conditions (volatile fatty acid (VFA) composition, dissolved oxygen (DO) concentration and organic carbon loading) on PAO and GAO metabolism. The knowledge about the effect of these operational conditions on EBPR metabolism is very important, since they represent key factors that impact WWTPs performance and sustainability. Substrate competition between the anaerobic uptake of acetate and propionate (the main VFAs present in WWTPs) was shown in this work to be a relevant factor affecting PAO metabolism, and a metabolic model was developed that successfully describes this effect. Interestingly, the aerobic metabolism of PAOs was not affected by different VFA compositions, since the aerobic kinetic parameters for phosphorus uptake, polyhydroxyalkanoates (PHAs) degradation and glycogen production were relatively independent of acetate or propionate concentration. This is very relevant for WWTPs, since it will simplify the calibration procedure for metabolic models, facilitating their use for full-scale systems. The DO concentration and aerobic hydraulic retention time (HRT) affected the PAO-GAO competition, where low DO levels or lower aerobic HRT was more favourable for PAOs than GAOs. Indeed, the oxygen affinity coefficient was significantly higher for GAOs than PAOs, showing that PAOs were far superior at scavenging for the often limited oxygen levels in WWTPs. The operation of WWTPs with low aeration is of high importance for full-scale systems, since it decreases the energetic costs and can potentially improve WWTP sustainability. Extended periods of low organic carbon load, which are the most common conditions that exist in full-scale WWTPs, also had an impact on PAO and GAO activity. GAOs exhibited a substantially higher biomass decay rate as compared to PAOs under these conditions, which revealed a higher survival capacity for PAOs, representing an advantage for PAOs in EBPR processes. This superior survival capacity of PAOs under conditions more closely resembling a full-scale environment was linked with their ability to maintain a residual level of PHA reserves for longer than GAOs, providing them with an effective energy source for aerobic maintenance processes. Overall, this work shows that each of these key operational conditions play an important role in the PAO-GAO competition and should be considered in WWTP models in order to improve EBPR processes.