Sintering study of Ti6Al4V powders with different particle sizes and their mechanical properties

Ti6Al4V powders with three different particle size distributions (0-20, 20-45, and 45-75 μm) were used to evaluate the effect of the particle size distribution on the solid-state sintering and their mechanical properties. The sintering kinetics was determined by dilatometry at temperatures from 900 to 1260℃. The mechanical properties of the sintered samples were evaluated by microhardness and compression tests. The sintering kinetics indicated that the predominant mechanism depends on the relative density irrespective of the particle size used. The mechanical properties of the sintered samples are adversely affected by increasing pore volume fraction. The elastic Young's modulus and yield stress follow a power law function of the relative density. The fracture behavior after compression is linked to the neck size developed during sintering, exhibiting two different mechanisms of failure:interparticle neck breaking and intergranular cracking in samples with relative densities below and above of 90%, respectively. The main conclusion is that relative density is responsible for the kinetics, mechanical properties, and failure behavior of Ti6Al4V powders.     

International Evidence on GFC‐Robust Forecasts for Risk Management under the Basel Accord

A risk management strategy designed to be robust to the global financial crisis (GFC), in the sense of selecting a value‐at‐risk (VaR) forecast that combines the forecasts of different VaR models, was proposed by McAleer and coworkers in 2010. The robust forecast is based on the median of the point VaR forecasts of a set of conditional volatility models. Such a risk management strategy is robust to the GFC in the sense that, while maintaining the same risk management strategy before, during and after a financial crisis, it will lead to comparatively low daily capital charges and violation penalties for the entire period. This paper presents evidence to support the claim that the median point forecast of VaR is generally GFC robust. We investigate the performance of a variety of single and combined VaR forecasts in terms of daily capital requirements and violation penalties under the Basel II Accord, as well as other criteria. In the empirical analysis we choose several major indexes, namely French CAC, German DAX, US Dow Jones, UK FTSE100, Hong Kong Hang Seng, Spanish Ibex 35, Japanese Nikkei, Swiss SMI and US S&P 500. The GARCH, EGARCH, GJR and RiskMetrics models as well as several other strategies, are used in the comparison. Backtesting is performed on each of these indexes using the Basel II Accord regulations for 2008–10 to examine the performance of the median strategy in terms of the number of violations and daily capital charges, among other criteria. The median is shown to be a profitable and safe strategy for risk management, both in calm and turbulent periods, as it provides a reasonable number of violations and daily capital charges. The median also performs well when both total losses and the asymmetric linear tick loss function are considered Copyright © 2012 John Wiley & Sons, Ltd.     

Late Quaternary vegetation and climate in the Escalante River Basin on the central Colorado Plateau

Five alcoves (rock shelters) in the Forty-Mile Canyon—Willow Gulch area of the Escalante River Basin in southeastern Utah yielded rich deposits of late Quaternary macrobotanical remains. The deposits were sampled and the contents identified in order to construct a chronology of vegetational change. Fourteen radiocarbon dates indicate that the fossils were deposited between 12,690 and 7510 yr B.P. (years before present). Ninety-one plant taxa were identified, 62 to species. Six species were common to all alcoves: Gambel oak ( Quercus gambelii ), box-elder ( Acer negundo ), prickly pear ( Opuntia subgenus Platyopuntia), skunkbush ( Rhus aromatica var. trilobata ), serviceberry ( Amelanchier utahensis ), and Indian ricegrass ( Oryzopsis hymenoides ). Late Pleistocene samples (>11,000 yr B.P.) contain extralocal, elevationally depressed species such as Douglas fir ( Pseudotsuga menziesii ), spruce ( Picea sp.), and mountain mahogany ( Cercocarpus ledifolius ), and mesophytic species such as rose ( Rosa woodsii ) and water birch ( Betula occidentalis ). Early Holocene samples (11,000-8000 yr B.P.) contain no elevationally depressed conifers, and the remaining mesophytic species decrease in relative abundance. Reticulated hackberry ( Celtis reticulata ) becomes common. The terminal Early Holocene sample (8000-7000 yr B.P.) contains abundant Gambel oak and prickly pear, but little else. Paleoclimatic interpretations for the Late Pleistocene correspond well to those of most other workers on the Colorado Plateau. Climates that were wetter and at least seasonally cooler than they are today are inferred from the macrobotanical assemblage. However, the increased moisture is attributed to higher stream base levels and increased groundwater rather than directly to increased precipitation. Early Holocene climates are interpreted as warmer and drier than those of the Late Pleistocene but still wetter than the present climate. Groundwater levels appear to be decreasing due to stream entrenchment. Terminal Early Holocene climates were much warmer and at least seasonally drier. By the end of the period, groundwater levels had decreased so much that the alcoves were unable to sustain plant communities; stream base level was probably near the present level.     

Causally productive activities

This paper suggests and discusses an answer to the following question: What distinguishes causal from non-causal or coincidental co-occurrences? The answer derives from Elizabeth Anscombe’s idea that causality is a highly abstract concept whose meaning derives from our understanding of specific causally productive activities (e.g., pulling, scraping, burning), and from her rejection of the assumption that causality can be informatively understood in terms of actual or counterfactual regularities.