International Journal of Heat and Mass Transfer 50 (2007) 977–990 www.elsevier.com/locate/ijhmt Steady forced convection heat transfer from a heated circular cylinder to power-law fluids Ram Prakash Bharti a‚ R.P. Chhabra a‚*‚ V. Eswaran b a b Department of Chemical Engineering‚ Indian Institute of Technology‚ Kanpur 208016‚ India Department of Mechanical Engineering‚ Indian Institute of Technology‚ Kanpur 208016‚ India Received 12 January 2006 Available online 12 October 2006 Abstract
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economic issues and provide efficient information to the users‚ and such role is taken by Capital Asset Pricing Model (CAPM) as well. The CAPM is the key theory in the stock market and industries; it is widely used by analysts‚ investors and corporations. In this essay I am going to discuss the recent developments about the CAPM‚ and refer to both advantages and disadvantages. Capital Asset Pricing Model The initial development of the CAPM was building upon Markowitz’s idea‚ and the model was further
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manufacturing various kinds of home appliances. The GAC was decentralized and it divided into 4 main product divisions‚ 4 manufacturing divisions as well as 6 staff offices. GAC manufactured few component parts and usually bought them from outside vendors. Transfer prices of the parts were negotiated between departments based on outside suppliers’ price. While the purchasing staff had the power to settle disputes when there was a disagreement. This management style and method created various problems within
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Capital Asset Pricing Model (CAPM): Pros and Cons. CAPM defines the relationship between risk and return. The premise of the model is that the expected investment return varies in direct proportion to its risk‚ i.e.‚ the riskier the investment - the higher the return you should expect. Shows: • how much risk you are taking when investing in an instrument? • whether the instrument is rightly priced • whether you are getting sufficient return for the risk you are taking CAPM calculates the
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1407 Horizontal Gene Transfer Responsible for Carotenoid Production in Aphids Horizontal Gene Transfer Horizontal gene transfer (referred to as HGT for the rest of the paper) is said to have occurred when an organism successfully incorporates genetic information from another organism into its own genetic makeup when the first organism is not the offspring of the other organism. HGT‚ or lateral gene transfer (LGT)‚ is used to describe both the artificial and natural transfers of genetic information
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................................................................................5 OBJECTIVE This experiment was carried out to study the conduction of heat along a composite bar and evaluate the overall heat transfer coefficient. INTRODUCTION Conduction is defined as the transfer of energy from more energetic particles to adjacent less energetic particles as a result of interactions between the particles. In solids‚ conduction is the combined result of molecular vibrations and free electron
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research topic: The implication of conditional betas on the Fama-French three factor model Introduction CAPM has been an active area of research over the past half century since the introduction of Sharpe development of the capital asset pricing model. Much progress has been made in the early years on the linear relationship between expected return and beta(Black‚ Jensen and Scholes 1972 and Fama and MacBeth 1973). Later studies however show weak empirical evidence on these relationships
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evidence is very mixed. So the debate on the validity of the CAPM remains a questionable issue. keywords: CAPM‚ CAPM’s variants‚ Assumptions‚ Literature Survey. JEL Classification: G11. 1. Introduction The traditional capital assets pricing model (CAPM)‚ always the most widespread model of the financial theory‚ was prone to harsh criticisms not only by the academicians but also by the experts in finance. Indeed‚ in the last few decades an enormous body of empirical researches has gathered
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Journal of Financial Economics 4 (1977) 129-176. (0 North-Holland A CRITIQUE OF THE ASSET PRICING Publishing Company THEORY’S TESTS Part I: On Past and Potential Testability of the Theory* Richard ROLL* University of California‚ Los Angeles‚ l CA 90024‚ U.S.A. Received June 1976‚ revised version received October 1976 Testing the two-parameter asset pricing theory is difficult (and currently infeasible). Due to a mathematical equivalence between the individual return/beta’ linearity relation
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Chapter 10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return Multiple Choice Questions 1. ___________ a relationship between expected return and risk. A. APT stipulates B. CAPM stipulates C. Both CAPM and APT stipulate D. Neither CAPM nor APT stipulate E. No pricing model has found Both models attempt to explain asset pricing based on risk/return relationships. Difficulty: Easy 2. ___________ a relationship between expected return and risk. A. APT stipulates
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