企业生命周期下投资者关注对权益资本成本的影响

基于行为金融学的价格压力假说，结合企业生命周期理论，以2007—2014年的主板上市公司为样本，分析投资者关注对权益资本成本的影响以及这种影响在企业生命周期中存在的阶段性差异。研究发现，投资者关注与权益资本成本显著负相关，即权益资本成本随着投资者关注的提高而降低。对于不同生命周期的企业，投资者关注对权益资本成本的影响存在差异。新生期、衰退期企业的权益资本成本并不会随着投资者关注程度的提高而降低；成长期、成熟期企业的权益资本成本随着投资者关注程度的提高而降低。可以看出，投资者能够识别企业所处的生命周期，并愿意为成长期、成熟期的企业支付更高的溢价。     

A method for recovery of iron,titanium, and vanadium from vanadium-bearing titanomagnetite

An innovative method for recovering valuable elements from vanadium-bearing titanomagnetite is proposed. This method involves two procedures: low-temperature roasting of vanadium-bearing titanomagnetite and water leaching of roasting slag. During the roasting process, the reduction of iron oxides to metallic iron, the sodium oxidation of vanadium oxides to water-soluble sodium vanadate, and the smelting separation of metallic iron and slag were accomplished simultaneously. Optimal roasting conditions for iron/slag separation were achieved with a mixture thickness of 42.5 mm, a roasting temperature of 1200°C, a residence time of 2 h, a molar ratio of C/O of 1.7, and a sodium carbonate addition of 70 wt%, as well as with the use of anthracite as a reductant. Under the optimal conditions, 93.67% iron from the raw ore was recovered in the form of iron nugget with 95.44% iron grade. After a water leaching process, 85.61% of the vanadium from the roasting slag was leached, confirming the sodium oxidation of most of the vanadium oxides to water-soluble sodium vanadate during the roasting process. The total recoveries of iron, vanadium, and titanium were 93.67%, 72.68%, and 99.72%, respectively.     

张家界大鲵产业集群竞争力测度的AHP-GEMS模型

构建了大鲵产业集群竞争力测度的AHP-GEMS模型，该模型包括四因素对，涵盖八要素.设计了大鲵资源量等34项评价指标，通过层次分析法确定指标权重，并运用GEMS模型对大鲵产业集群竞争力进行定量化测度与评价.以张家界市大鲵产业为例展开分析，结果表明，张家界市大鲵产业集群的竞争力评分为582.55，处于国家一般水平，具有本国范围内较强的集群竞争优势；但张家界市大鲵产业发展存在国内外市场不足、精深加工产业链不完善、从业人员素质与教育水平偏低、产业所在地交通与通讯设施不完善等问题.针对这些问题，提出了加强国内与国际市场融合、基础设施建设与可持续发展融合、产业与全域旅游建设融合、产业发展改革与创新融合等建议.     

Superior corrosion resistance-dependent laser energy density in(CoCrFeNi)95Nb5 high entropy alloy coating fabricated by laser cladding

(CoCrFeNi)95Nb5 high entropy alloy(HEA)coatings were successfully fabricated on a substrate of Q235 steel by laser cladding technology.These(CoCrFeNi)95Nb5 HEA coatings possess excellent properties,particularly corrosion resistance,which is clearly superior to that of some typical bulk HEA and common engineering alloys.In order to obtain appropriate laser cladding preparation process parameters,the effects of laser energy density on the microstructure,microhardness,and corrosion resistance of(CoCrFeNi)95Nb5 HEA coating were closely studied.Results showed that as the laser energy density increases,precipitation of the Laves phase in(CoCrFeNi)95Nb5 HEA coating gradually decreases,and diffusion of the Fe element in the substrate intensifies,affecting the integrity of the(CoCrFeNi)95Nb5 HEA.This decreases the microhardness of(CoCrFeNi)95Nb5 HEA coatings.Moreover,the relative content of Cr2O3,Cr(OH)3,and Nb2O5 in the surface passive film of the coating decreases with increasing energy density,causing corrosion resistance to decrease.This study demonstrates the controllability of a high-performance HEA coating using laser cladding technology,which has significance for the laser cladding preparation of other CoCrFeNi-system HEA coatings.     

投标合谋环境下产业升级的逆向演化研究

投标合谋行为已成为全国性、多领域的群体性违规问题,其存在不仅对我国经济造成了巨大损失,同时也阻碍了行业的健康有序发展.为研究投标合谋行为自身演化规律及其对产业发展的影响,给相关的监管和治理提供参考,本文基于复杂适应系统理论,运用NetLogo多主体仿真平台构建招投标系统并进行演化仿真,最后运用SPSS对所得数据进行回归分析,探索在市场封闭、单纯开放市场、有条件开放市场3种市场情景下合谋比例与报价比例对产业演化过程和结果的影响.研究表明:投标合谋行为会产生"逆向淘汰"效应,不利于降低行业成本,最终导致产业升级逆向演化;合谋行为存在"自我强化"现象;合谋行为会提高合谋者生存几率,但无助于其资本积累;单纯开放市场无助于产业升级,必须配合反合谋审查;现实中应重点对报价比例为0.1到0.3的单位进行合谋审查.     

无人机复垦区植被覆盖度提取方法优选

为探寻无人机遥感对矿业复垦区域植被指数覆盖度的快速提取方法,以四川古蔺某硫磺复垦区为研究对象,通过ZC-6型无人机获取高分辨率遥感影像,采用多种植被指数计算方法作为分类器的选择,使用直方图峰谷法、基本全局阈值法及其融合方法确定图像最佳分割阈值,从而获取研究区植被覆盖度结果.结果表明:不同植被指数分类后的结果有所差异,EXG和VDVI植被指数分类后影像界定较为清晰,而NGBDI指数分类最为模糊;单一直方图峰谷法和基本全局阈值法所得分割结果不理想,而将二者融合后的阈值确定法能结合彼此的优势,弥补灰度不明显或多峰现象的缺点;植被覆盖度(FVC)提取精度显示,基于VDVI提取的人为干预条件下FVC的绝对误差和提取误差分别达到0.0409和7.05％,而基于EXG提取的自然条件下FVC的绝对误差和提取误差分别达到0.0366和6.94％,表明利用VDVI和EXG结合B-H融合的方法可有效用于复垦区条件下的FVC提取.     

基于域适应与分类器差异的滚动轴承跨域故障诊断

基于数据驱动方法诊断滚动轴承故障时，不同工况下的数据特征分布差异会导致模型诊断性能严重下降.针对这一问题，提出了基于域适应与分类器差异的滚动轴承跨域故障诊断方法.首先利用卷积神经网络对带标记的源域样本和无标记的目标域样本进行特征提取;然后通过2个全连接分类器进行故障分类;最后通过分步优化分类损失、域最大平均差异损失和分类器差异损失，实现源域和目标域之间的域分布对齐，从而实现无标记目标域样本的故障诊断.实验结果表明，所提方法与主流的域适应方法相比具有更高故障诊断准确率，验证了该方法的合理性和可行性.     

Preparation of rare-earth-modified medical stone powders and their application as conductive fillers

Traditional metal conductive fillers are expensive and prone to oxidation. Thus, the development of new conductive powders as fillers is urgently needed. A novel gaseous penetration technology was adopted to prepare La-doped medical stone powders(La-MSPs), which are inexpensive mesoporous materials, as a new kind of conductive filler material. The prepared La-MSPs attained a resistivity of 450 ?·m and were used as a filler to prepare conductive coatings with epoxy resin as the resin matrix. The influence of the La-MSPs dosage on the resistance and hardness of the coatings was also determined. The resistance and the hardness both decreased with increasing filler dosage. Finally, the optimum recipe of the conductive coatings with the most suitable fillers dosage(55 wt%) was obtained. The hardness and resistance of the coatings with 55 wt% La-MSPs were HV 4 and 5.5 × 10~7 ?, respectively.     

模糊大脑情感学习的自适应噪声抵消方法

提出一种以模糊大脑情感学习(fuzzy brain emotional learning, FBEL)模型作为自适应噪声抵消器的噪声抵消方法，应用于信号处理问题。该方法通过FBEL模拟经非线性通道传输后的噪声信号，将噪声信号从含噪信号中过滤掉，达到消噪的目的；根据自适应学习算法，利用奖励信号和梯度下降法对FBEL模型的权重及参数进行在线更新，以适应噪声的变化。选取均方根误差和计算时间2个性能指标，采用自适应噪声抵消方法在不同网络中进行仿真比较，结果表明，应用该方法可以获得更好的滤波性能。     

模糊微分方程的反周期解

主要利用微分包含的方法得到模糊微分方程的反周期解的存在性结果，并给了一个例子说明主要结果的可行性.