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1 – 10 of over 24000Xinxing Huang, Yihua Yao, Qinfen Lu, Xiaoyan Huang and Youtong Fang
In electric system of high-speed trains, neutral sections are set to balance the three-phase load. When passing neutral sections, the train should detach from the power supply for…
Abstract
Purpose
In electric system of high-speed trains, neutral sections are set to balance the three-phase load. When passing neutral sections, the train should detach from the power supply for a short time. To permanent magnet synchronous motors (PMSMs) traction system, the voltage of DC link will increase quickly due to the back-EMF of PMSM during this time. Although the energy consumption braking method can be adopted to consume the feedback energy. It not only wastes energy, but also causes more speed drop of the train. The paper aims to discuss these issues.
Design/methodology/approach
In order to get better performance when the train is under passing neutral section condition, a suitable control method is proposed, in which the torque command is set to zero and d-axis current order remains unchanged during passing neutral section. Based on a co-simulation model, the influences of this method on the PMSMs traction system are compared with that of traditional method, which is used in induction motors traction system. This model combines both control strategy and finite element model of motor, which can take the effects of magnetic saturation and power loss into consideration.
Findings
In PMSMs traction system, PMSMs work as generators during neutral section, and charge to DC bus, which may cause over-voltage damage. Moreover, there would be strong torque shock at the moment of power cut-off. It is finally found that, with the suitable control method, the high-speed train can pass the neutral section with less speed drop, less torque shock and little DC link voltage rise.
Originality/value
The control method proposed in this paper is easier to achieve and gets a better performance of PMSMs traction system in high-speed train compared with the traditional method. Furthermore, the co-simulation model is much closer to reality than the analytical model.
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A FEATURE of many of the light alloys now in common use is that the stress and strain curve often does not evidence any well defined region in which the elastic strain becomes…
Abstract
A FEATURE of many of the light alloys now in common use is that the stress and strain curve often does not evidence any well defined region in which the elastic strain becomes plastic strain, and a linear portion of the diagram from the origin, which in the case of so many metals represents a region of proportionality, is sometimes almost non‐existent, the diagram being curved right from the origin so that it is not possible to define any region or limit of proportionality, and the proof stress; by standard definition, has accordingly a relatively low value compared with the ultimate tensile stress of the alloy concerned. (Fig. 1).
Auxiliary power system is an indispensable part of the train; the auxiliary systems of both electric locomotives and EMUs mainly are powered by one of the two ways, which are…
Abstract
Purpose
Auxiliary power system is an indispensable part of the train; the auxiliary systems of both electric locomotives and EMUs mainly are powered by one of the two ways, which are either from auxiliary windings of traction transformers or from DC-link voltage of traction converters. Powered by DC-link voltage of traction converters, the auxiliary systems were maintained of uninterruptable power supply with energy from electric braking. Meanwhile, powered by traction transformers, the auxiliary systems were always out of power while passing the neutral section of power supply grid and control system is powered by battery at this time.
Design/methodology/approach
Uninterrupted power supply of auxiliary power system powered by auxiliary winding of traction transformer was studied. Failure reasons why previous solutions cannot be realized are analyzed. An uninterruptable power supply scheme for the auxiliary systems powered by auxiliary windings of traction transformers is proposed in this paper. The validity of the proposed scheme is verified by simulation and experimental results and on-site operation of an upgraded HXD3C type locomotive. This scheme is attractive for upgrading practical locomotives with the auxiliary systems powered by auxiliary windings of traction transformers.
Findings
This scheme regenerates braking power supplied to auxiliary windings of traction transformers while a locomotive runs in the neutral section of the power supply grid. Control objectives of uninterrupted power supply technology are proposed, which are no overvoltage, no overcurrent and uninterrupted power supply.
Originality/value
The control strategies of the scheme ensure both overvoltage free and inrush current free when a locomotive enters or leaves the neutral section. Furthermore, this scheme is cost low by employing updated control strategy of software and add both the two current sensors and two connection wires of hardware.
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Xucheng Huang and Jie Sun
The purpose of this paper is to empirically analyze the “market-neutral” characteristics of the market-neutral strategy hedge funds in Chinese A-share market.
Abstract
Purpose
The purpose of this paper is to empirically analyze the “market-neutral” characteristics of the market-neutral strategy hedge funds in Chinese A-share market.
Design/methodology/approach
The analyses in the paper are conducted to study the market-neutral characteristics by means of index analysis, correlation analysis, β-neutral analysis and the three-factor model analysis.
Findings
The results show that the performance advantage of the market-neutral strategy hedge funds is obvious. Most market-neutral strategy funds are exposed to market risks and the α strategy funds also have obvious style factor exposure; strictly speaking, all of the market-neutral strategies have not reached the “market-neutral” requirements. This paper also finds that Chinese trading restrictions on stock index futures in September 2015 have a significant impact on Chinese market-neutral strategy hedge funds.
Originality/value
The conclusion of this paper has a certain reference value for understanding the risk characteristics and possible problems of hedge funds in emerging markets, and also has important reference value for investors.
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Wojciech Konior, Romana Ratkiewicz and Jan Kotlarz
This paper aims to review the current knowledge about the neutral component of the local interstellar medium (LISM), which due to the resonant charge exchange, photoionization and…
Abstract
Purpose
This paper aims to review the current knowledge about the neutral component of the local interstellar medium (LISM), which due to the resonant charge exchange, photoionization and electron impact ionization processes has a profound impact on the heliosphere structure.
Design/methodology/approach
This work is based on the heliospheric literature review.
Findings
The summary of four major effects of neutral hydrogen atoms penetrating solar wind (SW), i.e. the disappearance of the complicated flow structure; the emergence of “hydrogen wall” in front of the heliopause (HP); decreasing distance of termination shock (TS), HP and bow shock (BS) layer from the Sun; and recently discovered by the Interstellar Boundary Explorer mission, a region of enhanced energetic neutral atom (ENA) emission seen in all sky maps as a ribbon.
Practical implications
In the context of constantly developing space technologies in aerospace engineering and prospective deep space missions, there is a need of general reviews about the interstellar space surroundings of the Sun and gathering the knowledge to help in theoretical, numerical and experimental investigations such as the optimization of the scientific equipment and spacecraft structure to work in specific conditions.
Originality/value
The survey encapsulate basic and relevant processes playing an important role in the physics of the nearest surroundings of the Sun and the latest results of numerical and experimental investigations focused on the neutral LISM component and its influence on the heliosphere, which is strongly desired in future works. Until now, not many of such reviews have been done.
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The theory is presented of the increase in damping that can be obtained when a damping compound is added to a simple structure vibrating in a bending mode. Consideration has been…
Abstract
The theory is presented of the increase in damping that can be obtained when a damping compound is added to a simple structure vibrating in a bending mode. Consideration has been given to the use of ‘Aquaplas’ damping compound on a vibrating stringer‐skin combination, and it has been shown that the maximum damping ratio is obtained when the material is applied to the stringer flange over the centre 40 per cent of the pin‐ended length of the beam. A preliminary experimental investigation is described, in which damping measurements were made on a simple structural specimen treated with Aquaplas. A new method was used successfully to determine the damping ratio of a heavily damped system. The damping properties of Aquaplas were evaluated, and some of the theoretical conclusions were verified. Some of the results obtained indicate that a more accurate mathematical representation must be sought for the visco‐elastic behaviour of Aquaplas than is provided by the ‘complex stiffness’ method.
Mohamed M. Saied and Meshal A. Al‐shaher
The purpose of this paper is to present a frequency domain technique for the recognition and location of winding movements and mechanical deformations in power transformers. Both…
Abstract
Purpose
The purpose of this paper is to present a frequency domain technique for the recognition and location of winding movements and mechanical deformations in power transformers. Both, axial and radial coil movements, as well as changes in clamp pressure will be studied.
Design/methodology/approach
The developed algorithm is based on using a distributed s‐domain parameter equivalent network, which is cascaded with other sections to constitute a generalized model. The frequency domain transfer admittance is used as the main criterion to recognize, identify and locate the winding movement and deformation.
Findings
In order to reduce the number of failures due to winding movements and deformations, it is suggested to measure and store the transfer admittance over frequency range 0‐10 MHz region at normal operation as saved data for comparison with the corresponding data during failure. With the proposed technique, the type and the location of eventual displacement, as well as the number discs involved can be identified.
Research limitations/implications
Although the simulation was based on real experimental data adopted from the literature, the algorithm should be tested for real transformers. Several checks have been conducted in order to validate the mathematical model.
Originality/value
A relatively simple mathematical model has been presented. It can be used for any transformer, to check the integrity of the winding in order to meet certain degree of equipment safety and reliability.
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Choice under risk has a large stochastic (unpredictable) component. This chapter examines five stochastic models for binary discrete choice under risk and how they combine with…
Abstract
Choice under risk has a large stochastic (unpredictable) component. This chapter examines five stochastic models for binary discrete choice under risk and how they combine with “structural” theories of choice under risk. Stochastic models are substantive theoretical hypotheses that are frequently testable in and of themselves, and also identifying restrictions for hypothesis tests, estimation and prediction. Econometric comparisons suggest that for the purpose of prediction (as opposed to explanation), choices of stochastic models may be far more consequential than choices of structures such as expected utility or rank-dependent utility.
The purpose of this paper is to study the effects of the requirement on product quality and refund (return service charge).
Abstract
Purpose
The purpose of this paper is to study the effects of the requirement on product quality and refund (return service charge).
Design/methodology/approach
The authors set a minimum product quality level for platform to study the effects of the minimum product quality level on product quality and refund for risk-neutral sellers and risk-averse sellers, respectively.
Findings
For the risk-neutral sellers whose optimal product quality level is lower than the minimum level will improve the product quality to the minimum required level. However, under a certain condition with the requirement the sellers will increase refund. Similar results are found when uncertainty is incorporated into demand and return quantity. In addition, how the sellers’ optimal refund is affected by market parameters and market volatile factors is discussed. Specially, the correlation between the uncertainty of the demand and the return quantity affects sellers’ optimal decision of return service charge in many ways.
Originality/value
The obtained results can provide operational managers in reality with valuable suggestions in quality management for platform.
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So‐de Shyu, Yi Jeng, W.H. Ton, Kon‐jung Lee and H.M. Chuang
With the development of the modern portfolio theory and the advancement of information technology, the employment of quantitative approaches to practically measure asset risks and…
Abstract
Purpose
With the development of the modern portfolio theory and the advancement of information technology, the employment of quantitative approaches to practically measure asset risks and returns, and the construction of portfolios (even dynamic portfolios) has become possible and popular. Therefore, the purpose of this paper is to construct a multi‐factor model for Taiwan stock universe using fundamental technical descriptors and then to apply the equity market neutral investing using multiple‐factor models as a tool.
Design/methodology/approach
This study constructs a Taiwan equity multi‐factor model using cross‐sectional fundamental technical approach.
Findings
The model involves 28 explanatory factors (including 20 industry factors), and the results of the estimations are satisfactory. The model's explanatory power is 58.6 per cent on average. Furthermore, this multi‐factor model is feasible, modulized, dynamic (i.e. modified over time) and updating.
Originality/value
The multi‐factor model, constructed and utilized in this study, is a useful and feasible tool. It generates important inputs into the applications of building market neutral portfolio.
Purpose
Taiwan OTC market is an electronic, order driven, call market. The purpose of this paper is to gain understanding of whether trade size or number of transaction provides more information on explaining price volatility and market liquidity in this market. The paper also aims to investigate how market condition can affect the relationship between information type and trading activities.
Design/methodology/approach
The paper uses data from the Taiwan OTC market to run the empirical tests. It divides firms into five size groups based on their market capitalization. Regression equations are run to test: whether number of transactions has a more significant impact on price volatility on the Taiwan OTC market; the impact of market information on number of transactions; the relative impact of firm specific and market information on number of transactions; and the impact of number of transaction of bid‐ask spread.
Findings
Findings show that the larger the number of transactions, the higher the price volatility. Smaller firms on the Taiwan OTC market are traded based on firm‐specific information. This relation is further affected by market trends. Especially for the larger firms, when the market is up and the amount of market information increases, number of transactions increases. When the market is down and the amount of market information increases, number of transactions decreases. Finally, it is found spread size is more likely to be influenced by number of transactions, instead of trade size. Overall, based on these empirical results, the information content of number of transactions seems to be higher than that of trade size in the Taiwan OTC market.
Practical implications
Investors now understand that number of transaction actually carry more information than trade size does.
Originality/value
The relation between market information and number of transaction, also that between market information and trade size is influenced by market condition. The paper fills a gap in the literature to show that market condition has an impact on the relation between information type and trader's behavior. A number of transactions are identified that provide more information than trade size does. It is also shown that market conditions can further affect the impact of information on trading activities.
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