Jian Shi, Zhenhua Ma, Jieyu Dai and Jundong Wang
The purpose of this study is to investigate the effects of high-temperature oxidation tests and gas thermal shock tests on IC10 simulated components with thermal barrier coatings…
Abstract
Purpose
The purpose of this study is to investigate the effects of high-temperature oxidation tests and gas thermal shock tests on IC10 simulated components with thermal barrier coatings under different temperatures and oxidation times.
Design/methodology/approach
In the high-temperature oxidation test, specimens were oxidized at three different temperatures of 850, 980, and 1,100 °C for durations of 10, 20, 50, 100, 200, and 300 h, respectively. In the gas thermal shock test, specimens were pre-oxidized for 10, 20, 50, and 100 h, followed by a high-temperature gas thermal shock test at 1,100 °C.
Findings
In the high-temperature oxidation tests, with increasing oxidation time, the oxidation layer thickened, and the air-film holes diameter decreased. The microstructure of the bond coat transitioned from strip-like to block-like, and internal cracks transformed from numerous and short to larger and deeper. Below the bond coat, a noticeable disappearance layer of strengthening phase appeared, with increasing thickness. The strengthening phase in the substrate transitioned from regular square shapes to circles as temperature increased. In gas thermal shock tests at 1,100 °C, the oxidation weight gain ratio increased with longer pre-oxidation times, whereas the erosion weight loss ratio gradually decreased.
Originality/value
The originality and significance of this study lie in its departure from the typical subjects of high-temperature oxidation and thermal shock tests. Unlike common research targets, this study focuses on IC10 simulative specimens with thermal barrier coatings and air-film holes. Furthermore, it investigates the effects of varying temperatures and oxidation durations.
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This paper aims to investigate the association between analyst forecast dispersion and investors’ perceived uncertainty toward earnings.
Abstract
Purpose
This paper aims to investigate the association between analyst forecast dispersion and investors’ perceived uncertainty toward earnings.
Design/methodology/approach
A new measure for investors’ expectations of earnings announcement uncertainty is constructed, using changes in implied volatility of option contracts prior to earnings announcements. Unlike other proxies of uncertainty, this measure isolates the incremental uncertainty regarding the upcoming earnings announcement and is a forward-looking measure.
Findings
Using this new proxy, this paper finds a significant negative correlation between analyst forecast dispersion and investors’ uncertainty regarding the upcoming earnings announcements. Further tests show that this negative correlation is driven by analysts’ private information acquisition rather than analysts; uncertainty toward upcoming earnings announcements. Additional cross-sectional tests show that this negative relationship is more pronounced in the subsample with lower earnings quality.
Social implications
This paper helps to further the understanding of the information content of analyst forecast dispersion, particularly the ways in which they gather and produce private information and their incentives for so doing.
Originality/value
This paper introduces a new market-based and forward-looking proxy of earnings announcement uncertainty that should be useful in future research. This paper also provides original empirical evidence that analysts gather and produce an additional private information to the market when facing noisy signals and that their information reduces investors’ uncertainty toward upcoming earnings announcements.
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Brett S. Kawada and Jeff Jundong Wang
This study aims to examine a firm’s disclosure properties subsequent to receiving a going-concern opinion.
Abstract
Purpose
This study aims to examine a firm’s disclosure properties subsequent to receiving a going-concern opinion.
Design/methodology/approach
A difference-in-difference research design was used to control for endogeneity issues. Annual report readability is used as a proxy for firm disclosure.
Findings
The results indicate a negative and significant association between issuance of a going-concern report to a firm and the firm’s readability index in the subsequent year. In other words, after receiving a going-concern opinion, a firm’s annual report exhibits increased readability. The results, when broken into subsamples of surviving and failing firms, are concentrated in the surviving firms.
Research limitations/implications
Prior research has shown that firms change their disclosure properties due to endogenous choices motivated by incentive or exogenous shocks. The results of this study, however, suggest that firms that receive going-concern opinions are incentivized to be more forthcoming in disclosing their financial information.
Originality/value
To the authors’ knowledge, this study is the first to investigate how firms’ general disclosures change subsequent to receiving a going-concern opinion.
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Jundong Yin, Baoyin Zhu, Runhua Song, Chenfeng Li and Dongfeng Li
A physically-based elasto-viscoplastic constitutive model is proposed to examine the size effects of the precipitate and blocks on the creep for martensitic heat-resistant steels…
Abstract
Purpose
A physically-based elasto-viscoplastic constitutive model is proposed to examine the size effects of the precipitate and blocks on the creep for martensitic heat-resistant steels with both the dislocation creep and diffusional creep mechanisms considered.
Design/methodology/approach
The model relies upon the initial dislocation density and the sizes of M23C6 carbide and MX carbonitride, through the use of internal variable based governing equations to address the dislocation density evolution and precipitate coarsening processes. Most parameters of the model can be obtained from existing literature, while a small subset requires calibration. Based on the least-squares fitting method, the calibration is successfully done by comparing the modeling and experimental results of the steady state creep rate at 600° C across a wide range of applied stresses.
Findings
The model predictions of the creep responses at various stresses and temperatures, the carbide coarsening and the dislocation density evolution are consistent with the experimental data in literature. The modeling results indicate that considerable effect of the sizes of precipitates occurs only during the creep at relatively high stress levels where dislocation creep dominates, while the martensite block size effect happens during creep at relatively low stress levels where diffusion creep dominates. The size effect of M23C6 carbide on the steady creep rate is more significant than that of MX precipitate.
Originality/value
The present study also reveals that the two creep mechanisms compete such that at a given temperature the contribution of the diffusion creep mechanism decreases with increasing stress, while the contribution of the dislocation creep mechanism increases.
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The purpose of this study is to modify the FDM 3D printer to print with polystyrene (PS) microspheres as the printing material, thus enabling bottom-up structural color printing…
Abstract
Purpose
The purpose of this study is to modify the FDM 3D printer to print with polystyrene (PS) microspheres as the printing material, thus enabling bottom-up structural color printing and evaluating structural color printing.
Design/methodology/approach
This study chose a range of different heated bed temperatures to determine a suitable temperature for accelerating the self-assembly of photonic crystals and printing structural colors on various substrates. In addition, this study enhanced the structural color by doping PS microspheres with different contents of Acid Black 210 dye and evaluated the color-enhanced structural color by eye and spectrophotometer under different light sources.
Findings
The results show that the modified 3D printer can be used for structural color printing, and 50°C is determined as the heated bed temperature. There are significant differences in structural colors when printing under different color backgrounds and material substrates, and corresponding suitable substrates should be selected according to the application. The doping of PS microspheres with varying contents of dye results in different color levels of structural color. As with pigment colors, the visual perception of structural color varies when viewed under different light sources.
Originality/value
This paper proposes to print structural colors low-costly, analyze structural colors under substrate and light source conditions, and expand the structural color gamut by enhancing structural colors, which has positive implications for further research on structural colors as printing colors.
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Jianli Xie, Jiayuan Hu, Jundong Lu and Xinmin Li
The purpose of this paper was to study the corrosion control of B10 copper-nickel alloy using the LiOH-N2H4 compound inhibitors and to evaluate the feasibility of replacing the…
Abstract
Purpose
The purpose of this paper was to study the corrosion control of B10 copper-nickel alloy using the LiOH-N2H4 compound inhibitors and to evaluate the feasibility of replacing the original inhibitors (NaNO2-Na2MoO4) with the new ones (LiOH-N2H4) for the chilled water system in a nuclear unit.
Design/methodology/approach
The corrosion resistance performance of B10 copper-nickel alloy was evaluated during the whole replacement process of inhibiters using electrochemical tests and surface analysis techniques.
Findings
The results indicated that the corrosion of B10 copper-nickel alloy could be prevented effectively using LiOH to increase the pH value of solution higher than 10.0 and using N2H4 to consume dissolved oxygen. During the replacement process of inhibitors from NaNO2-Na2MoO4 to LiOH-N2H4, the corrosion resistance performance of B10 copper-nickel alloy had not decreased greatly. The new LiOH-N2H4 inhibitor, which could enhance the compactness of rust, was able to reduce the corrosion rate of rusted B10 metal.
Originality/value
It is feasible and operable to replace the NaNO2-Na2MoO4 inhibitors with the LiOH-N2H4 inhibitors for the corrosion prevention of B10 copper-nickel alloy. The research results can provide guidelines for the inhibitor selection of chilled water system in a nuclear unit.