Application of real options analysis for pharmaceutical R&D project valuation—Empirical results from a survey

Real options analysis was often recommended as an emerging valuation technique for high-risk investment projects. Former inter-sectoral surveys have drawn an ambivalent picture of real options usage in general. In addition, there is a lack of sector-specific investigations. In the following article the results of an in-depth analysis of collected empirical data regarding the application of this new tool in the pharmaceutical sector is presented by capturing the internal view from the pharmaceutical companies themselves and the external view from the health care departments of financial service firms. R&D stage specific modi of application, reasons for reluctance in the employment of real options and their assumed future prospects are elucidated.     

The information seeking behaviour of the users of digital scholarly journals

The article employs deep log analysis (DLA) techniques, a more sophisticated form of transaction log analysis, to demonstrate what usage data can disclose about information seeking behaviour of virtual scholars – academics, and researchers. DLA works with the raw server log data, not the processed, pre-defined and selective data provided by journal publishers. It can generate types of analysis that are not generally available via proprietary web logging software because the software filters out relevant data and makes unhelpful assumptions about the meaning of the data. DLA also enables usage data to be associated with search/navigational and/or user demographic data, hence the name ‘deep’. In this connection the usage of two digital journal libraries, those of EmeraldInsight, and Blackwell Synergy are investigated. The information seeking behaviour of nearly three million users is analyzed in respect to the extent to which they penetrate the site, the number of visits made, as well as the type of items and content they view. The users are broken down by occupation, place of work, type of subscriber (“Big Deal”, non-subscriber, etc.), geographical location, type of university (old and new), referrer link used, and number of items viewed in a session.     

In search of query patterns: A case study of a university OPAC

A transaction log analysis of the Nanyang Technological University (NTU) OPAC was conducted to identify query and search failure patterns with the goal of identifying areas of improvement for the system. One semester’s worth of OPAC transaction logs were obtained and from these, 641,991 queries were extracted and used for this work. Issues investigated included query length, frequency and type of search options and Boolean operators used as well as their relationships with search failure. Among other findings, results indicate that a majority of the queries were simple, with short query lengths and a low usage of Boolean operators. Failure analysis revealed that on average, users had an almost equal chance of obtaining no records or at least one record to a submitted query. We propose enhancements and suggest future areas of work to improve the users’ search experience with the NTU OPAC.     

基于梯度分析的福建典型沿海港湾区域景观格局研究

运用景观指数与梯度分析相结合分析福建省典型港湾区域-罗源湾区域近20年来的景观格局及其时空梯度,定量描述人类活动行为与区域景观格局时空变化的联系。基于景观指数的景观格局分析表明：1988年～2007年期间罗源湾区域总体景观格局破碎度呈明显的增加,景观结构的复杂化趋势明显。梯度分析结果显示,1988年～2007年县城中心及其附近的斑块密度、景观形状指数高于两侧的乡村区域,景观破碎度、景观组分复杂度呈明显的空间梯度;建设用地景观的最大斑块指数、平均斑块面积、斑块连通度以县城中心及其附近为最大,并向外围两端的乡村递减;1988年～2007年水体景观因围海工程而斑块密度、最大斑块指数、平均斑块面积和斑块连通性指数值呈下降趋势。罗源湾县城中心的城市化作用与围海造地的政策因素是促使研究区域景观格局具有明显的时空分异的两大驱动力。     

日美风险投资模式的比较分析

通过比较分析,日美风险投资模式在资本供给主体、组织形式、运作方式及政府充当的角色等方面存在着明显的差异。我国风险投资的发展,不能照搬外国模式,在学习和借鉴的同时,必须从我国的实际情况出发,构建有中国特色的动态风险投资模式。     

沥青砼路面常见病害的分析与防治

针对目前沥青砼路面常常出现裂缝、泛油、松散、坑槽等常见病害,从原材料,施工过程、施工工艺、材料组成设计等不同方面提出了改进意见和措施。     

钢筋混凝土简支梁的静力和动力有限元分析

为了更好地分析钢筋混凝土梁受集中荷载作用下的受力情况,利用通用有限元分析软件ANSYS10.0,对一钢筋混凝土简支梁进行静力和动力分析。分析结果显示ANSYS10.0能较好地模拟工程实际中的钢筋混凝土梁,真实地反映其破坏的典型力学特征。     

基于两阶段关联DEA模型的企业效率研究——以财产保险公司为例

本文提出了一种基于两阶段DEA的企业效率评价方法,将决策单元的复杂生产过程分为前后相续的两个子过程,在考虑子过程之间关联关系的基础上,建立两阶段关联DEA效率评价模型,进行企业效率分解和评价。关联DEA模型克服了传统的独立DEA模型的缺点,可为决策单元改进绩效提供更加充分的信息。以21家财产保险公司为样本的实证分析指出了非有效公司效率低下的原因和需要改进的领域。实证结果表明中资财产保险公司在营销方面比外资公司较有效率,但盈利能力效率低于外资财产保险公司。根据效率评价结果本文构建了一个效率矩阵,将样本财产保险公司分为四类,针对不同类型的公司提出了相应的绩效改进策略和建议。     

论大情景图式下的信息分析

不完全信息条件下传统情报研究方法面临巨大挑战,在这种背景下情景分析越来越被国内外学者所重视.本文从情景观出发,创造性地提出情景分析的核心思想--大情景图式,并在该模式下,构造出了一个信息分析模型.最后针对如何实施情景分析给出了一个解决方案.     

基于引文的信息检索可视化相关系统比较分析

分析了基于引文的信息检索系统、可视化系统及检索可视化系统三类系统的评价标准,从14个方面对6个典型系统进行深入地比较分析,找出现有的基于引文的信息检索可视化系统存在的一些不足,为国内从事相关研究的同行提供参考.