Triangular No-arbitrage Estimation through Bitcoin: An Application in Venezuelan Bolivars

Yuan-Teng Hsu,Jying-Nan Wang,Chih-Chun Chen 한국증권학회 2018 Asia-Pacific Journal of Financial Studies Vol.47 No.4

In this study, we apply the Bitcoin to estimate the price of the Venezuelan bolivar, due to the unreliability of this currency’s official exchange rate. Our approach is based on the triangular no-arbitrage condition and takes the Bitcoin as an intermediate currency. To verify its validity, in addition to bolivars, six currencies are first considered in the empirical study. We find that trading through the Bitcoin market produces higher transaction costs or requires higher risk compensation than trading through the conventional exchange market. Then, we explore the Venezuelan case. Comparing the estimates of the black market bolivars, which are generated from several popular media sources and the Web site Dolartoday.com, using Bitcoin can produce reliable bolivar exchange rates quickly and easily. To sum up, we verify the feasibility of using the triangular no-arbitrage condition in foreign exchange markets to estimate exchange rates through the Bitcoin. This is especially useful when capital controls exist such as they do in Venezuela.

Novel and Effective Almagate Enema for Hemorrhagic Chronic Radiation Proctitis and Risk Factors for Fistula Development

Yuan, Zi-Xu,Ma, Teng-Hui,Zhong, Qing-Hua,Wang, Huai-Ming,Yu, Xi-Hu,Qin, Qi-Yuan,Chu, Li-Li,Wang, Lei,Wang, Jian-Ping Asian Pacific Journal of Cancer Prevention 2016 Asian Pacific journal of cancer prevention Vol.17 No.2

Radiation proctitis is a common complication after radiotherapy for pelvic malignant tumors. This study was conducted to assess the efficacy of novel almagate enemas in hemorrhagic chronic radiation proctitis (CRP) and evaluate risk factors related to rectal deep ulcer or fistula secondary to CRP. All patients underwent a colonoscopy to confirm the diagnosis of CRP and symptoms were graded. Typical endoscopic and pathological images, risk factors, and quality of life were also recorded. A total of 59 patients were enrolled. Gynecological cancers composed 93.1% of the primary malignancies. Complete or obvious reduction of bleeding was observed in 90% (53/59) patients after almagate enema. The mean score of bleeding improved from 2.17 to 0.83 (P<0.001) after the enemas. The mean response time was 12 days. No adverse effects were found. Moreover, long-term successful rate in controlling bleeding was 69% and the quality of life was dramatically improved (P=0.001). The efficacy was equivalent to rectal sucralfate, but the almagate with its antacid properties acted more rapidly than sucralfate. Furthermore, we firstly found that moderate to severe anemia was the risk factor of CRP patients who developed rectal deep ulcer or fistulas (P= 0.015). We also found abnormal hyaline-like thick wall vessels, which revealed endarteritis obliterans and the fibrosis underlying this disease. These findings indicate that almagate enema is a novel effective, rapid and well-tolerated method for hemorrhagic CRP. Moderate to severe anemia is a risk factor for deep ulceration or fistula.

Does the Fit of Managerial Ability with Firm Strategy Matters on Firm Performance

CHENG, Teng Yuan,LI, Yue-Qi,LIN, Yu-En,CHIH, Hsiang-Hsuan Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.4

The study aims to answer why the previous studies find the positive or insignificant effect of the CEO's abilities on firm performance. Using 34,285 CEO-firm-year panel data from the U.S. publicly traded firms drawn from the BoardEx and EXECUXOMP database during from 1992 to 2014, the results show that the fit of the CEO's generality or specialist ability with firm strategy matters on firm performance and risk. This study computes a discrete STRATEGY composite measure to construct firm strategy types, such as Prospect or Defend and use CEOs' résumés to construct an index of general skills that are transferable across firms and industries. The results find that generalist CEOs are more suitable for prospectors than specialist CEOs. Firm performance is much better when specialist CEOs work for Defenders. Although the firm performance is better too for the generalist CEOs who fit for the Prospect strategy, the firm's risk is up too. The result suggests that firms need to consider their chosen business strategy to recruit and select CEOs Our findings provide direct evidence that the match between CEO's ability and the firm's strategy is crucial to firm performance and risk.

Comparison of Grain Quality Traits between Japonica Rice Cultivars from Korea and Yunnan Province of China

Teng-Qiong Yu,Wenzhu Jiang,Tae-Ho Ham,추상호,Puji Lestari,이정희,Myeong-Ki Kim,Fu-Rong Xu,Longzhi Han,Lu-Yuan Dai,Hee-Jong Koh 한국작물학회 2008 Journal of crop science and biotechnology Vol.11 No.2

Improving eating quality is one of the most important objectives in japonica rice breeding programs in Yunnan Province of China. Eating quality and its relevant traits of nine Korean and 11 Yunnan rice cultivars were comparatively analyzed in this study. The grain shape of most Yunnan japonica rice cultivars have a relatively slender shape and are slightly larger than Korean rice cultivars. Palatability value of cooked rice of Yunnan rice cultivars was significantly lower, while the protein content of Yunnan rice cultivars was significantly higher than that of Korean cultivars. Peak viscosity and breakdown viscosity of the Yunnan rice cultivars were significantly lower, while setback viscosity of the Yunnan rice cultivars was significantly higher than in Korean rice cultivars. Palatability value of cooked rice was negatively correlated with protein content and setback viscosity but positively correlated with peak viscosity, breakdown viscosity, and cool paste viscosity. Through multiple linear regression analysis, an equation for estimating palatability value (PV) of cooked rice based on quality traits was generated as dependent only upon protein content (PC), PV=139.024-(10.865×PC) with an R² value of 0.822. The results suggest that reducing protein contents should be the major target in improving eating quality of Yunnan japonica rice cultivars through integrated approaches of both cultivar development and appropriate cultural practices. Genetic similarities among cultivars based on DNA markers which had been identified as associated with grain quality seemed not to be directly related to PV. Improving eating quality is one of the most important objectives in japonica rice breeding programs in Yunnan Province of China. Eating quality and its relevant traits of nine Korean and 11 Yunnan rice cultivars were comparatively analyzed in this study. The grain shape of most Yunnan japonica rice cultivars have a relatively slender shape and are slightly larger than Korean rice cultivars. Palatability value of cooked rice of Yunnan rice cultivars was significantly lower, while the protein content of Yunnan rice cultivars was significantly higher than that of Korean cultivars. Peak viscosity and breakdown viscosity of the Yunnan rice cultivars were significantly lower, while setback viscosity of the Yunnan rice cultivars was significantly higher than in Korean rice cultivars. Palatability value of cooked rice was negatively correlated with protein content and setback viscosity but positively correlated with peak viscosity, breakdown viscosity, and cool paste viscosity. Through multiple linear regression analysis, an equation for estimating palatability value (PV) of cooked rice based on quality traits was generated as dependent only upon protein content (PC), PV=139.024-(10.865×PC) with an R² value of 0.822. The results suggest that reducing protein contents should be the major target in improving eating quality of Yunnan japonica rice cultivars through integrated approaches of both cultivar development and appropriate cultural practices. Genetic similarities among cultivars based on DNA markers which had been identified as associated with grain quality seemed not to be directly related to PV.

Finite-element-method based Adaptive Iterative Learning Control for a Rapid Thermal Processing System

Teng-Fei Xiao,Xiao-Dong Li,Qing-Yuan Xu 대한전자공학회 2020 Journal of semiconductor technology and science Vol.20 No.1

For the temperature regulation in a rapid thermal processing system in semiconductor manufacturing, we develop an adaptive iterative learning controller based on the finite-element-method in this paper. A finite-dimensional model of the system is constructed by the finite-element-method firstly. Then, adaptive iterative learning controller is designed based on the finite-dimensional model. Simulations are performed by heating the wafer in the system with the developed control method. Simulation results show the effectiveness of the proposed adaptive iterative learning controller.

Modification of the degree of 4-O-methylation of secondary wall glucuronoxylan

Yuan, Y.,Teng, Q.,Lee, C.,Zhong, R.,Ye, Z.H. Elsevier Scientific Publishers Ireland Ltd 2014 Plant science Vol.219 No.-

Plant secondary walls are the major constituent of plant biomass targeted for second-generation biofuel production. Therefore, a thorough understanding of how secondary walls are constructed is critical for a better utilization of plant biomass for biofuel production. One of the major components in secondary walls is xylan, which is composed of a linear chain of β-1,4-linked xylosyl residues. In Arabidopsis, about 10% of xylosyl residues in xylan are substituted with glucuronic acid (GlcA), of which 60% are methylated at O-4. By contrast, all of the GlcA substituents in Populus xylan are methylated at O-4. It is not known how the degree of GlcA methylation in xylan is controlled. In this report, we demonstrated that simultaneous T-DNA knockout mutations of the three glucuronoxylan methyltransferase (GXM) genes, GXM1, GXM2, and GXM3/GXMT1, which are specifically expressed in secondary wall-forming cells, led to a complete loss of GlcA methylation in xylan in Arabidopsis stems. Overexpression of GXM2 and GXM3 in wild-type Arabidopsis resulted in an up to 5-fold increase in glucuronoxylan methyltransferase activity and as a result, up to 90% of the GlcA side chains in xylan were methylated as opposed to 60% seen in the wild type. The increased degree of GlcA methylation in xylan had no discernable effects on cell wall sugar composition and lignin monomer composition. These results reveal that the activities of GXM1, GXM2 and GXM3 are responsible for all of the GlcA methylation in xylan in Arabidopsis stems and that the degree of GlcA methylation in xylan can be modified by altered expression of GXMs.

Value of Ultrasound Elastography in Assessment of Enlarged Cervical Lymph Nodes

Teng, Deng-Ke,Wang, Hui,Lin, Yuan-Qiang,Sui, Guo-Qing,Guo, Feng,Sun, Li-Na Asian Pacific Journal of Cancer Prevention 2012 Asian Pacific journal of cancer prevention Vol.13 No.5

Background: To investigate the value of ultrasound elastography (UE) in the differentiation between benign and malignant enlarged cervical lymph nodes (LNs). Methods: B-mode ultrasound, power Doppler imaging and UE were examined to determine LN characteristics. Two kinds of methods, 4 scores of elastographic classification and a strain ratio (SR) were used to evaluate the ultrasound elastograms. Results: The cutoff point of SR had high utility in differential diagnosis of benign and malignant of cervical lymph nodes, with good sensitivity, specificity and accuracy. Conclusion: UE is an important aid in differential diagnosis of benign and malignant cervical LNs.

Age-induced Changes in Ginsenoside Accumulation and Primary Metabolic Characteristics of Panax Ginseng in Transplantation Mode

Wei Yuan,Qing-feng Wang,Wen-han Pei,Si-yu Li,Tian-min Wang,Hui-peng Song,Dan Teng,Ting-guo Kang,Hui Zhang 고려인삼학회 2024 Journal of Ginseng Research Vol.48 No.1

Background: Ginseng (Panax ginseng Mayer) is an important natural medicine. However, a long culture period andchallenging quality control requirements limit its further use. Although artificial cultivation can yield a sustainablemedicinal supply, research on the association between the transplantation and chaining of metabolicnetworks, especially the regulation of ginsenoside biosynthetic pathways, is limited. Methods: Herein, we performed Liquid chromatography tandem mass spectrometry based metabolomic measurementsto evaluate ginsenoside accumulation and categorise differentially abundant metabolites (DAMs). Transcriptome measurements using an Illumina Platform were then conducted to probe the landscape of geneticalterations in ginseng at various ages in transplantation mode. Using pathway data and crosstalk DAMs obtainedby MapMan, we constructed a metabolic profile of transplantation Ginseng. Results: Accumulation of active ingredients was not obvious during the first 4 years (in the field), but followingtransplantation, the ginsenoside content increased significantly from 6 8 years (in the wild). Glycerolipidmetabolism and Glycerophospholipid metabolism were the most significant metabolic pathways, as Lipids andlipid-like molecule affected the yield of ginsenosides. Starch and sucrose were the most active metabolic pathwaysduring transplantation Ginseng growth. Conclusion: This study expands our understanding of metabolic network features and the accumulation of specificcompounds during different growth stages of this perennial herbaceous plant when growing in transplantationmode. The findings provide a basis for selecting the optimal transplanting time.

Comparison of Grain Quality Traits between Japonica Rice Cultivars from Korea and Yunnan Province of China

Yu, Teng-Qiong,Jiang, Wenzhu,Ham, Tae-Ho,Chu, Sang-Ho,Lestari, Puji,Lee, Jeong-Heui,Kim, Myeong-Ki,Xu, Fu-Rong,Han, Longzhi,Dai, Lu-Yuan,Koh, Hee-Jong The Korean Society of Crop Science 2008 Journal of crop science and biotechnology Vol.11 No.2

Improving eating quality is one of the most important objectives in japonica rice breeding programs in Yunnan Province of China. Eating quality and its relevant traits of nine Korean and 11 Yunnan rice cultivars were comparatively analyzed in this study. The grain shape of most Yunnan japonica rice cultivars have a relatively slender shape and are slightly larger than Korean rice cultivars. Palatability value of cooked rice of Yunnan rice cultivars was significantly lower, while the protein content of Yunnan rice cultivars was significantly higher than that of Korean cultivars. Peak viscosity and breakdown viscosity of the Yunnan rice cultivars were significantly lower, while setback viscosity of the Yunnan rice cultivars was significantly higher than in Korean rice cultivars. Palatability value of cooked rice was negatively correlated with protein content and setback viscosity but positively correlated with peak viscosity, breakdown viscosity, and cool paste viscosity. Through multiple linear regression analysis, an equation for estimating palatability value(PV) of cooked rice based on quality traits was generated as dependent only upon protein content(PC), PV=139.024-(10.865$\times$PC) with an $R^2$ value of 0.822. The results suggest that reducing protein contents should be the major target in improving eating quality of Yunnan japonica rice cultivars through integrated approaches of both cultivar development and appropriate cultural practices. Genetic similarities among cultivars based on DNA markers which had been identified as associated with grain quality seemed not to be directly related to PV.

Exchange Coupling in FePt/Os/FePt Trilayers

Shih-Yuan Chen,Yeong-Der Yao,Yung-Hsiang Teng,Chin-Chung Yu 한국자기학회 2008 한국자기학회 학술연구발표회 논문개요집 Vol.- No.-