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Michael Schwartz, chief marketing officer at Triple Point, a US-based company that designs trading software for oil and mining companies and Wall Street banks, said:"Consumer industry companies are showing interest in managing their commodities exposure now in a way very much similar to the energy and metals companies."

Triple Point公司首席营销官迈克尔·施瓦茨表示："消费品行业公司目前正表现出对管理其大宗商品敞口的兴趣，方式与能源及金属行业公司极为相似。"总部位于美国的Triple Point公司为石油和采矿公司及华尔街银行设计交易软件。

Although not small companies with big companies, small companies are small, and good to make a U-turn.

小公司虽不能与大公司比较，小公司规模小，好掉头。

To be frank, national pharmacy companies, especially the private companies is unskillful and pay little attention to it. This lead these companies to the growth bottleneck after some extent.

导致中国的医药企业(特别是那些民营医药企业)在发展到一定程度之后总会遇到发展瓶颈，企业始终不能走上一个新的台阶。

The main research results in this dissertation can be given as following:Firstly, the bidding strategies and affections of generation companies on the TOU power price are analyzed; Supply function model is employed to simulate the bidding strategies of generation companies in power pool. Some meaningful results are obtained through the proposed equilibrium equations model, when different bidding parameters are selected to maximize profit of suppliers, such as the the numeral of generation company, the block bidding, and power demand elasticity. Based on these results, the affections between the bidding strategies and the TOU power price are discussed.Secondly, the important principles consider the factor of bidding strategies of generation companies and consumers gaming strategies are proposed to constitute the new TOU power price model under present electricity market. Based on these pricinples a new mathematical model of TOU power price is constructed, to evade electricity market risk, partition the peak-valley, ascertain the consumers' response curve, and protect the ambilateral profits.Thirdly, the affections of the TOU power price strategies for reducing the network loss, adjusting node voltage, improving load curve of power system, and protecting the consumers' benefits in electricity market are analyzed with applications of a city real time load data of Jiangsu province.

针对&厂网分开，竞价上网&的电力市场运营模式，本文主要完成了以下研究工作：1研究了发电商不同的竞价上网策略，利用供给函数均衡方法，建立了发电商的竞价上网策略模型，给出了市场均衡解的具体解法；讨论了不同条件下发电商的竞价策略对市场的影响，并获得了发电商的最优上网竞价策略，明确了竞价上网与峰谷分时电价之间的影响因素；利用电力系统负荷曲线，建立了发电商最优竞价策略与峰谷分时电价之间的相互联系，通过仿真算例分析了峰谷分时电价与发电商最优报价之间的相互影响。2提出了&厂网分开，竞价上网&电力市场模式下，考虑发电侧竞价和用户侧博弈等风险因素影响，峰谷分时电价理论建模在规避电网企业运营风险，保护供电方与用户双方的利益、确定用户响应曲线、划分峰谷时段、设置合理的电价拉开比等方面所应遵循的基本原则，在此基础上建立了适合电力市场模式的峰谷分时电价模型。3从原理上分析了需求侧实行峰谷分时电价策略，对削峰填谷，提高负荷率，改善负荷曲线形状，降低电力系统的电能损耗和电压损耗等方面的影响，并进行了仿真验证。

In present stage, performing management audit in our countrys security companies is suit for the demand of business transformation and internal audit transformation in open competitive environment. Along with the continuously extension in capital scale and business scope, the security companies in our country has more and more complicative organization structure and business system. Based on internal control and risk management, management audit can promote validly security companies implementing internal entrust management responsibility, can be advantageous to realize the capital extending and the value increasing.

现阶段我国证券公司开展管理审计是适应开放式竞争环境、业务转型和内部审计转型的需要，随着我国证券公司资本规模和业务范围的不断扩大，组织结构和业务体系日益复杂，基于内部控制和风险管理基础上的管理审计能有效促进证券公司内部受托管理责任的履行，有利于证券公司实现资本扩张和企业价值增值。

We select 94 companies and divide them into two groups, one training samples (composed of 25 ST companies and 25 non-ST companies) and one examining samples compos

本文共选取了94家公司并将其分为两组，其中50家(25家ST公司和25家非ST公司)作为训练样本，剩余的44家(22家ST公司和22家非ST公司)作为检验样本。

In the end, the paper demonstrates the application of the model with two listed companies in China, Younger and Kelong. It makes some calculation based on the initial experts grading, and gets basic status of the two companies by the analysis of weights, relative importance and effect of each factor. The results from the model are not contradictious to those from professional credit rating companies, who usually evaluate firms through financial analysis and on-site investigation.

最后本文以上市公司雅戈尔和科龙为例，在专家初始评分基础上进行了在关运算，说明了模型的运用过程，通过关于因素权重分析、因素相对重要性分析和单因素作用分析得到了关于企业的基本状况，本文的结论和专业资信评价公司利用传统财务分析加上实地考察法的结果不矛盾，说明了本文建立模型的科学性和适用性。

Taking the listed companies of New-Hi tech in our country as the research object, this article tries to discover the basic features, problems and causes of accounting information disclosure of the New-Hi-tech listed companies in our country by means of analyzing its annual financial report thoroughly, and then puts forward some improvably corresponding suggestions in order to provide a beneficial way of thinking as how to improve the level of information disclosure of the listed New-Hi tech companies in our country.

本文以我国高新技术上市公司为研究对象，通过对其年度报告披露特征进行全面深入的实证分析，试图发现我国高新技术上市公司信息披露的基本特征、存在问题及其根源，并提出相应的改进建议，以期为提高我国高新技术上市公司的信息披露水平提供有益的思路。

Firstly, the sectional data from 27 companies in communications and transportation industry, which are listed before 1999, are linearly regressed. We find their capital structure and firm performance are irrelated significantly. Then the section data are quadricly regressed, but the result is also disillusionary, which indicates that the capital structure of listed companies has not the best range only with the sectional data from 1999 to 2003. Finally, in allusion to the problems in the securities market and illogicality of the capital structure, we put forward some methods to optimize the capital structure for listed companies from four facts.

文章首先对交通运输仓储行业1999年以前上市的27家公司的截面数据进行线性回归，发现在分析时段1999年至2003年，样本公司的净资产收益率和单位经济增加值与资产负债率之间线性不相关；然后文章又对该行业上市公司的截面数据进行二次函数回归，同样也没有得到令人满意的结果，这说明仅就1999年至2003年五年的截面数据而言，上市公司资本结构不存在最优区间；最后，文章对我国证券市场存在的问题以及该行业上市公司资本结构的不合理性提出了改进的设想，并从四个方面提出了优化我国上市公司资本结构的建议。

In the two patterns recognizant, we choose the financial data of 106 listed companies at 2000. 53 of these companies are in financial distress, while the other 53 companies are in normal situation. The data sample is divided into two parts: 63 training data and 43 testing data.

在两类识别中，共统计了106家上市公司2000年的相关数据，其中有53家ST及亏损公司作为一类经营&差&的企业，另有53家不亏损公司作为一类经营&好&的企业。

Methods: Five patients with parkinsonism or dystonia were assigned to general anesthesia using an modified endotracheal tube.

本实验依照人体实验之相关规定进行，五位患有帕金森氏症或肌张力异常的病人接受神经立体定位手术。

If you can benefit from this book, it is our honour.

如果您能从本书获益，这将是我们的荣幸。