one of the main factors affecting on the technical and economic performance of farms and livestock is the ability or capacity management. main goal of farm management is achieving specific performance, profitability and productivity; there for measurement management and performance in livestock farms are necessary. considering the necessity of increasing production and quality in the dairy indu...

This paper examines the first 16 months of competition in the German market for long-distance voice telephony on the fixed network. It concentrates on price level and price structure. Competition induced by the entry of both network operators and switch-based service providers decreased the price level substantially. Furthermore, after initial attempts to design innovative price structures, mos...

For 1,442 Belgian Blue bulls performance-tested at the Centre de Sélection de la Race Blanc-Bleue Belge, nine traits were observed: height at withers at 7 mo, height at withers at 13 mo, weight at 7 mo, weight at 13 mo, average feed consumption of concentrates, average daily gain, average feed consumption of concentrates per average daily gain, average feed consumption of concentrates per mean ...

This paper presents a linear programming model designed to evaluate the impact of changes in milk to milk-quotaleasing price ratios, nitrogen fertiliser and concentrate prices on the pro®tability of a technically ecient UK dairy farm. The model incorporates energy and protein requirements of cows of di€erent yield levels and allows substitution between forage and concentrate feeds. The results...

A new definition of events of game-theoretic probability zero in continuous time is proposed and used to prove results suggesting that trading in financial markets results in the emergence of properties usually associated with randomness. This paper concentrates on “qualitative” results, stated in terms of order (or order topology) rather than in terms of the precise values taken by a price pro...

Selfish routing is a classical mathematical model of how self-interested users might route traffic through a congested network. The outcome of selfish routing is generally inefficient, in that it fails to optimize natural objective functions. The price of anarchy is a quantitative measure of this inefficiency. We survey recent work that analyzes the price of anarchy of selfish routing. We also ...

Dark pools are equity trading systems that do not publicly display orders. Orders in dark pools are matched within the exchange bid-ask spread without a guarantee of execution. Informed traders are more likely to cluster on the heavy side of the market and therefore face a lower execution probability in the dark pool, relative to uninformed traders. Consequently, exchanges are more attractive t...

The price multiplier effect provides precious insight into the behavior of investors during episodes of speculative trading. It tells us that the higher the price of an asset is (within a set of similar assets) the more its price is likely to increase during the upgoing phase of a speculative price peak. In short, instead of being risk averse, as is often assumed, investors rather seem to be “r...

A new definition of events of game-theoretic probability zero in continuous time is proposed and used to prove results suggesting that trading in financial markets results in the emergence of properties usually associated with randomness. This paper concentrates on “qualitative” results, stated in terms of order (or order topology) rather than in terms of the precise values taken by the price p...