For a market with an atomless continuum of assets, we formulate the intuitive idea of a ‘‘well-diversified’’ portfolio, and present a notion of ‘‘exact arbitrage’’, strictly weaker than the more conventional notion of ‘‘asymptotic arbitrage’’, and necessary and sufficient for the validity of an APT pricing formula. Our formula involves ‘‘essential’’ risk, one based on a specific index portfolio...

There can be many reasons for engineers to place the footings near a slope such as leakage of suitable sites or architectural considerations. One of the approaches to increase the amount of bearing capacity, especially in soft soils, is adding stone columns to the soil. In this research, the behavior of a strip footing placed near a stone column reinforced clayey slope was investigated. For thi...

Background: One of the necessities of industrial societies is the application of developed measures/strategies for the prevention of occupational incidents in industrial companies. The present study was conducted with the aim of determining the role of the safety management system on safety culture of an oil and gas exploration and production company. Materials and Methods: This study was co...

A brief background to the development of the rock engineering design process is given, showing that since the development of the science of mathematics, deterministic methods have been used to perform various calculations. The variability of rock properties and support characteristics have always been known. However, they were not explicitly used in design but compensated for by the use of a sa...

background: an important factor in the prevention of industrial accidents is the ability of employees to maintain awareness of the work situation, understand the information it holds, and predict how situations will develop. in the present study, we examined the role of fatalistic beliefs and safety climate in predicting occupational situation awareness (sa) among workers.   materials and metho...