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The headstream of supply chain management is an indispensable part for enterprises management; it is beneficial to upgrade competition ability and to build up competition superiority for enterprises.

企业供应链管理的源头是企业提升其竞争能力、树立竞争优势不可或缺的环节。

Heathy people should present his blood once a year,which is a beneficial/helpful experience to him.

健康的人每年应该献一次血，这是非常有益的经历。

No pharmacological agent has been found to be beneficial in the treatment of heatstroke.

由於对热中风的治疗并无有效药物。

In general, this paper includes several parts, shown as the following: The first part summarizes the background and outline of stock index future and introduce briefly its local status and CSI 300 stock index future contract. The second part has a retrospect of the main academic papers of both local or overseas, and also a discussion of relevant hedge strategies and models, to lay a solid theoretical foundation for the empirical analysis and test for the operation process of hedge in latter parts. The third part outlines the principle, key factors and real operation process of hedge. Moreover, it makes a empirical analysis on popular hedge models with HK Hang Seng index. In the end, it test the hedge effect of trading on IF0706, CSI 300 stock index future contract, with CCB select-growth securities fund as present underlying. The fourth and also the last part, explores how to define hedge ratio in china mainland market. It includes the stability test ofβfor local securities portfolio, adjustment of historicalβand best data length for estimation of historicalβ, etc. Also, the thesis makes some beneficial experiments on the definition of best data length for estimation of historicalβ, survey of fashion forβand variation for industryβs. Fortunately, it's got some meaningful results.

按照以上研究思路，本论文论述由以下几个部分构成：第一部分，简要概述股指期货产生的背景和基本情况，对国内股指期货进程和沪深300股指期货合约进行简单介绍；第二部分，回顾海内外股指期货避险研究的主要文献，讨论相关避险策略及避险模型，为后面套期保值策略如何有效运用的实证分析和检验提供理论基础和依据；第三部分，对套期保值的原理、关键因素及实际流程进行概述，并采用香港恒生指数对常用的几种避险模型进行实证分析，最后一揽子以建信优选成长股票型基金为现货标的，实际检验以沪深300股指期货模拟交易IF0706产品进行对冲时的套期保值效果；第四部分，探讨国内确定避险比率的过程，包括国内股票组合β值的稳定性检验、历史β值的修正及估计历史β值的最佳数据长度等，通过数据分析，本文在寻找估计β值的最佳数据长度和考察风格、行业β值的差异上做了较为有益的尝试，并得到了有助于现实操作的结果。

Therefore, we suggest that for heptane larger surface area is beneficial for higher photocatalytic activity.

而在降解甲苯的过程中，会生成反应活性很低的中间产物，这些中间产物覆盖在样品表面的活性中心，会影响其后进行的光催化反应。

The results showed that polar acetone was beneficial to the desorption of methanol, however the effect of nonpolar heptane on the extraction of methanol was more evident.

研究表明，极性溶剂丙酮能够促进甲醇脱附，而非极性溶剂正庚烷对孔道中甲醇有更强的萃取能力。

This particular herb has been found to be extremely beneficial to an individual when it comes to their health.

这种特殊的药草已被认为是极为有益的个人时，对他们的健康。

This presumable suggested that the distance between phenyl ring fusing heterocycle and sulfonyl group is of importance, a shorter distance may not be beneficial, owing to a steric hindrance.

这反映了杂环并合的苯基与SO_2之间距离对活性的影响，距离过近对抑制作用有不利趋势，可能是位阻影响所致。

In the light of the esiccation intolerance of Hevea brasiliensis seeds, it is beneficial for the seeds storage with the relative humidity controlled at 95％.

鉴于橡胶树种子不耐脱水的特性，贮藏过程中，将空气的相对湿度保持在95％，有利于种子的贮藏。

The experiments of series thermal analysis point out that this kind of plasticizer is beneficial to the thermal decomposition of double base composite propellant and hexogen, and its application in the modified double base propellants could improve combustion properties.

介绍了一种新型含能的叠氮类增塑剂PDADN 合成、结构及物理化学性质，系列热分析实验表明，它有利于双基组分及黑索今的热分解，指出它在改性双基推进剂中将可改善燃烧性能。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。