最佳部分

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。

All above laid a foundation for the research of polarimetric information processing and application. Then, target optimum polarization and polarimetric synthesis technique were studied. By constraining polarimetric states of transmitting and receiving antennas, co-polarized and cross-polarized signatures were obtained. Because the received wave was partially polarized, completely polarized, completely unpolarized, and total available power signatures were defined based on the power of the return wave.

接着，论文深入研究了目标最佳极化和极化合成技术，通过约束收发天线的极化状态可以得到共极化特征图和交叉极化特征图，由于雷达接收的电磁波通常是部分极化的，根据接收波的平均功率密度可以得到未极化特征图、完全极化特征图和匹配极化特征图，在极化特征图空间中搜索可以很容易地获得目标的最佳极化，这些目标最佳极化可以作为极化目标识别和分类的极化特征。

A man cannot tell, whether Apelles or Albert Durer were more trifler: whereof the one would make a personage by geometrical proportions ; the other by taking the best parts out of divers faces to make one excellent.

谁也说不清：是阿佩勒斯还是艾尔伯特。杜娄更无聊与荒唐？一位想凭借几何比例画出一个人像，另一位想把好几张脸的最佳部分合成一张很美的脸。

Cathay FHC ranks first in profitability, and Jihsun FHC ranks last in profitability. Cathay FHC ranks first in market share and Waterland FHC ranks last in market share. Cathay FHC ranks first in employee contribution, and Jihsun FHC ranks last in employee contribution. Cathay FHC and Shin Kong FHC both rank first in operating efficiency and Fuhwa FHC ranks last in operating efficiency. China Development FHC ranks first in risk analysis, and Fuhwa FHC ranks last in risk analysis.

一、获利能力部分以国泰金表现最佳，日盛金表现最差；市场规模以国泰金表现最佳，国票金表现最差；员工贡献度以国泰金表现最佳，日盛金表现最差；经营效率以国泰金与新光金表现最佳，复华金表现最差；风险评估以开发金表现最佳，复华金表现最差。

The main outcome measures were uncorrected distant visual acuity , best corrected distant visual acuity , uncorrected near visual acuity , distant-corrected near visual acuity , the best corrected near visual acuity , defocus curves and depth of focus, the rate of posterior capsule opacification of the study group, IOL decentration distance of the study group. A questionnaire was applied to evaluate the visual function and rate of spectacles usage.

术后检查内容包括：术后裸眼远视力、最佳矫正远视力、裸眼近视力、矫正远视力时的近视力、最佳矫正近视力；在两组患眼中选择最佳矫正远视力≥0.9的患眼进行焦点深度及离焦曲线测量；观察实验组后囊膜混浊情况；选取实验组的部分病例进行散瞳裂隙灯照相测量人工晶状体偏中心的距离。

The second part was to test the appearance, ingredient analysis, surface potential, thermal conduction properties, and magnetism of the nano composite fluid prepared from the parameters. The experiment found that unoxidized particles, Ag, Cu, Fe, and Ni appeared round. If combined with oxygen in water as oxides, the nano particles would grow toward certain directions. In copper/iron nano composite fluid, FeO appeared cubic, Cu2O appeared coniferous. In silver/iron nano composite fluid, FeO was polygonal. In dielectric potential detection, the nano composite fluid was likely to aggregate and deposit, except for silver/iron set. In other sets, the pH of silver/cobalt nano composite fluid was 7, surface potential was 21.21mV; the pH for silver/nickel nano composite fluid was 6.5, surface potential was 21.04mV; the pH for copper/iron nano composite fluid was 7, surface potential was -30mV. The fluid particles of the three sets could all maintain suspension of 2 weeks or more. For thermal conduction, the silver/nickel, nano composite fluid showed the best thermal conduction. Under temperature of 30℃ fluid weight conduction of 0.4%, the thermal conduction increase was 26%. For magnetic detection, except for silver/iron nano composite fluid, the nano particles of other three sets were paramagnetic, and all four sets were soft magnetic nano composite materials.

第二部分。将由较佳制备参数所产出的奈米复合流体，进行形貌外观、成分分析、表面电位及热传导性质实验与磁性检测；在奈米颗粒的形貌部分，经实验发现Ag、Cu、Fe、Ni等未氧化的颗粒皆呈现近似圆形，而若与水中的氧结合形成氧化物，奈米颗粒则会朝特定方向成长，在铜/铁奈米复合流体中FeO为四方体结构、Cu2O的颗粒是针叶状，在银/铁奈米复合流体中FeO则为多边形结构；而介面电位检测方面，结果显示经本制程所产出的奈米复合流体除银/铁奈米复合流体这一组较容易聚集沉淀外，其他三组中银/钴奈米复合流体的pH值为7，表面电位为21.21mV，银/镍奈米复合流体的pH值6.5表面电位为21.04mV而铜/铁奈米复合流体的pH值为7时表面电位约在-30mV，且此三组流体颗粒皆能维持悬浮性2周以上，悬浮性较佳；热传导实验部分，四组奈米复合流体中以银/镍奈米复合流体在增进热传上效果最佳，在温度30℃及流体重量浓度0.4﹪条件下热传导系数增进达26﹪；磁检测方面，除了银/铁奈米复合流体外，其他三组奈米颗粒皆属顺磁性，且这四组奈米复合材料都是属软磁性。

I hope that your closet compiles only the best of them.

但愿你的衣橱里只有其中的&最佳&部分。

Our study includes four aspects. In the first aspect we study several important conditions of porcine oocytes maturation in vitro and oocytes cleavage after parthenogenetic activation and found mNCSU-23+15IU/mlPMSG+20IU/mlHCG+15% PFF+0.57mMcysteine is a good culture condition .When the Cocs are cultured in it ,the maturation rate and oocytes cleavage rate are higher than those of foreign covered. Our result are (86.7±3.35)% and (86.3±4.16)% and the highest report of foreign is(85.7±4.1)%.In the second aspect we study the effect of different chemical activations on development of porcine parthennogenetic embryo and found two best activation method. The first one is that putting the maturation MII oocytes in the 20μmol/L ionomycin for 30 minutes and then putting them in the NCSU-23 condition containing 5μg/mICB and 5mM/L6-DMAP for 3.5 hours, the oocytes cleavage rate and morulae/blastocysts development rate are (76.7±7.6)% and (37.1±6.4)%.The second one is that putting the maturation MII oocytes in the 200μM/L Thimerosal for 20 minutes and then putting them in the NCSU-23 condition containing 8mM DTT for 30 minutes

本研究分为4个部分，第一部分对影响猪卵母细胞体外成熟和孤雌激活后胚胎分裂的几个重要条件进行了比较研究，确立了一种较好的培养方法：与颗粒细胞共培养，找到了一种适合猪卵母细胞体外成熟的培养基：mNCSU-23+15IU/mlPMSG+20IU/mlHCG+15%PFF+0.57mM半胱氨酸，成熟率和分裂率分别为(86.7±3.35)%和(86.3±4.16)%，国外报道的最高成熟率为(85.7±4.1)%；第二部分对猪卵母细胞孤雌激活的化学方法进行了研究，确立了化学激活猪卵母细胞的两种最佳方法：1将成熟的去卵丘颗粒细胞的MII期卵母细胞用20μmol/Lionomycin作用30min，再将卵母细胞培养于含5μg/mlCB和5mM/L 6-DMAP(6-二甲基氨基嘌呤)的NCSU-23培养液中，卵裂率和桑囊胚发育率达到(76.7±7.6)%和(37.1±6.4)%2将成熟的去卵丘颗粒细胞的MII期卵母细胞在200μM/L的Thimerosal中处理20min，再与8mM的DTT共孵育30min，卵裂率和桑/囊胚形成率为(81.0±2.8)%和(39.6±2.7)%；第三部分对孤雌激活胚胎的培养条件进行了研究，确立了一种最佳的胚胎培养条件：在SOF简单培养基中添加颗粒细胞进行前3天的培养，然后转入添加胎牛血清的NCSU—23培养基并和输卵管上皮细胞进行后期的培养，其桑椹胚和囊胚的发育率为(59.5±3.2)%；第四部分研究了IGF-I

A process for partial conversion and low-temp transform of CO in the synthetic ammonia plant where coal is used to generate gas features that the Fe-Mo catalyst for partial conversion of CO, anti-poisoning agent and Co-Mo catalyst for low-temp conversion are used and the temp of semi-water gas is controlled to 200-260 deg.C at entering anti-poisoning layer, and 150-250 deg.C at the segments of said Co-Mo catalyst layer, and lower than 300 deg.C at bed layer to prevent high-temp reversal of sulfurizing reaction and make the catalyst activity optimal. Its advantages are long service life of catalyst, low system resistance, saving energy and convenient operation.

本发明是中小合成氨厂以一种CO部分转化抗毒保护层配低温变换的工艺，涉及煤造气合成氨厂0.6～2.0MPa半水煤气变换工艺流程，该工艺用铁－钼CO部分转化催化剂、抗毒剂，配钴－钼低变催化剂，半水煤气进入部分转化抗毒层温度为200～260℃，进钴－钼低变催化剂各段温度为150～250℃，床层温度控制在300℃以内，避免高温下反硫化反应发生，保护催化剂活性处最佳状态，寿命延长、系统阻力小、节汽、节电，具有比其他变换工艺更好地节能效果，操作方便，有效生产时间长，经济效益显著等特点。

For the first time, a screw pile and pile driver system for preventing flood and rushing to deal with an emergency was manufactured. The screw piles of the system is different from screw drills used to sap, and it doesn't push soils out. Analyses, including the screw pile's structural strength analysis and the screw blade's welding analysis, were done by ANSYS, which showed that the screw pile's structural strength is enough and that the distort of the screw blade is small. Testing on the screw pile and pile driver system showed that the system performed stably and could meet the need of preventing flood and rushing to deal with an emergency. A mechanics model of interaction of a screw pile and soil was built, and expressions of torque of screw pile's cylindrical part on the condition of screw pile's crew part being driven into soil fully were gained, then the relation of the torque with screw pitch and out diameter of cylinder, which shows the torque decreases with the screw pitch increasing, and that the torque increases with the out diameter of cylinder increasing, which was according with the experiments of the screw pile's being driven into soils, and thus a screw pile with the best structure was chosen. Experiments of bionic surface showed that, on the condition of certain pressure on the surface, the protruding bionic surface can not reduce adhesion and resistance and that the corrugated bionic surface can reduce adhesion and resistance. An orthogonal experiment of the corrugated bionic surface was done with the factors including the width of protrusion, the space between two protrusions, the trolley's velocity and the vertical surface pressure and with the surface frictional coefficient as the experimental target, and some inclusions were drawn that the best combination of the factors was acquired and that the width of protrusion affected the surface frictional coefficient remarkably.

研制了防汛抢险螺旋桩机系统，提高了沉桩作业效率；利用ANSYS对桩体进行整体结构强度分析以及螺旋叶片的焊接分析，表明桩体结构强度足够，焊接过程中，螺旋叶片的变形小；对整个螺旋桩机系统进行试验，表明该系统性能可靠，工作稳定，作业效率高，能够满足防汛抢险沉桩作业基本需要；建立了螺旋桩桩土作用力学模型，得出螺旋桩沉桩过程中螺旋桩螺旋部分完全进入土体时螺旋桩圆柱部分所受扭矩以及扭矩与防汛抢险螺旋桩的螺旋导程和圆柱外径的关系曲线，表明螺旋桩螺旋部分完全进入土体时螺旋桩圆柱部分所受扭矩随着螺旋导程的增大而减小，随着圆柱外径的增大而增大，这与螺旋桩沉桩试验结论相符合，据此优选出最佳结构的螺旋桩；仿生曲面试验表明，尺寸较小的球冠突起型仿生曲面在一定压力作用下未能起到减粘降阻的作用，而尺寸较大的波纹型仿生曲面相对平板具有一定的减粘降阻作用；以波纹型仿生曲面突起宽度、波纹型仿生曲面两突起之间间距、台车的牵引速度以及叶片表面垂直载荷为因素，以曲面摩擦系数试验指标进行正交试验，寻求出在一定试验条件下最佳因素水平组合；波纹型仿生曲面突起宽度在本试验条件下对曲面摩擦系数影响显著，而其它几个因素对曲面摩擦系数影响均不显著；通过波纹型仿生曲面突起宽度和台车牵引速度的单因素试验，表明曲面摩擦系数随着仿生曲面突起宽度的增大而减小，而随着台车牵引速度的变化基本保持不变，和正交试验结果保持一致。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了