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Trend Consistent (trend + consistent)

Distribution by Scientific Domains
Engineering50%

Selected Abstracts

RELATIONSHIPS AND UNDERWRITER SPREADS IN THE EUROBOND FLOATING RATE NOTE MARKET

THE JOURNAL OF FINANCIAL RESEARCH, Issue 2 2006
Michael G. Kollo
Abstract We examine the role of issuer-underwriter relationships in determining underwriter spreads for Eurobond floating rate notes from 1992 to 2002. Financial and nonfinancial firms with long-term relationships pay a higher underwriter spread. Financial issuers that switch underwriters receive a discounted spread that is invariant to the underwriter's reputation and quality of the issue. However, the discount is not evident for nonfinancial firms. For both financial and nonfinancial firms, spreads are higher for noninvestment grade issues and, within investment grade, increase as quality declines. We also find higher spreads when underwriting is syndicated, and a strong negative time trend consistent with increasing competitive pressures. [source]

The effects of verbalization on face recognition in young and older adults

APPLIED COGNITIVE PSYCHOLOGY, Issue 6 2002
Amina Memon
To explore the forensic implications of ,verbal overshadowing' in young and older eyewitnesses, we examined the effects of providing a verbal face description on subsequent performance in a lineup task. Young (18,30 years) and older (60,80 years) adults viewed a videotaped crime and performed some unrelated cognitive tasks. Participants in the experimental condition were then asked to supply a description of the target person in the event or to perform a control task. Upon completing the description/control task participants attempted to identify the target person from a target present photo-lineup presented in a sequential or simultaneous mode. Older participants made more false choices and sequential testing reduced correct choices. There was a weak trend consistent with verbal overshadowing that was unrelated to age as well as measures of verbal and face-matching expertise. Although overshadowing reduced performance only slightly, it appeared to affect the self-reported use of a feature-matching strategy linked to accurate decisions by young adults and inaccurate decisions by senior adults. Copyright © 2002 John Wiley & Sons, Ltd. [source]

A spatially advancing turbulent flow and heat transfer in a curved channel

HEAT TRANSFER - ASIAN RESEARCH (FORMERLY HEAT TRANSFER-JAPANESE RESEARCH), Issue 1 2010
Koji Matsubara
Abstract Direct numerical simulation was performed for a spatially advancing turbulent flow and heat transfer in a two-dimensional curved channel, where one wall was heated to a constant temperature and the other wall was cooled to a different constant temperature. In the simulation, fully developed flow and temperature from the straight-channel driver was passed through the inlet of the curved-channel domain. The frictional Reynolds number was assigned 150, and the Prandtl number was given 0.71. Since the flow field was examined in the previous paper, the thermal features are mainly targeted in this paper. The turbulent heat flux showed trends consistent with a growing process of large-scale vortices. In the curved part, the wall-normal component of the turbulent heat flux was twice as large as the counterpart in the straight part, suggesting active heat transport of large-scale vortices. In the inner side of the same section, temperature fluctuation was abnormally large compared with the modest fluctuation of the wall-normal velocity. This was caused by the combined effect of the large-scale motion of the vortices and the wide variation of the mean temperature; in such a temperature distribution, large-scale ejection of the hot fluid near the outer wall, which is transported into the near inner-wall region, should have a large impact on the thermal boundary layer near the inner wall. Wave number decomposition was conducted for various statistics, which showed that the contribution of the large-scale vortex to the total turbulent heat flux normal to the wall reached roughly 80% inside the channel 135° downstream from the curved-channel inlet. © 2009 Wiley Periodicals, Inc. Heat Trans Asian Res; Published online in Wiley InterScience (www.interscience.wiley.com). DOI 10.1002/htj.20275 [source]

Errors in technological systems

HUMAN FACTORS AND ERGONOMICS IN MANUFACTURING & SERVICE INDUSTRIES, Issue 4 2003
R.B. Duffey
Massive data and experience exist on the rates and causes of errors and accidents in modern industrial and technological society. We have examined the available human record, and have shown the existence of learning curves, and that there is an attainable and discernible minimum or asymptotic lower bound for error rates. The major common contributor is human error, including in the operation, design, manufacturing, procedures, training, maintenance, management, and safety methodologies adopted for technological systems. To analyze error and accident rates in many diverse industries and activities, we used a combined empirical and theoretical approach. We examine the national and international reported error, incident and fatal accident rates for multiple modern technologies, including shipping losses, industrial injuries, automobile fatalities, aircraft events and fatal crashes, chemical industry accidents, train derailments and accidents, medical errors, nuclear events, and mining accidents. We selected national and worldwide data sets for time spans of up to ,200 years, covering many millions of errors in diverse technologies. We developed and adopted a new approach using the accumulated experience; thus, we show that all the data follow universal learning curves. The vast amounts of data collected and analyzed exhibit trends consistent with the existence of a minimum error rate, and follow failure rate theory. There are potential and key practical impacts for the management of technological systems, the regulatory practices for complex technological processes, the assignment of liability and blame, the assessment of risk, and for the reporting and prediction of errors and accident rates. The results are of fundamental importance to society as we adopt, manage, and use modern technology. © 2003 Wiley Periodicals, Inc. Hum Factors Man 13: 279,291, 2003. [source]