Narrow Results

A brief review is given of the development of linacs, cyclotrons, synchrotrons (also accumulators) and FFAG accelerators for a variety of high power hadron beam applications.

This chapter first extends the traditional CAPM to a multi-index model, thereby establishing a more congruent base from which to lead into APT. A discussion of multi-index models is followed by an examination of the specification of the arbitrage pricing model: its underlying arguments are developed and alternative model specifications are examined. The investigation then turns to the criteria of realism, and methodologies, results, and problems are examined with empirical tests. The APT and CAPM are then compared and contrasted, and the original CAPM is shown to be a special case of the APT. In addition, the intertemporal CAPM derived by Merton (1973) and others will be discussed in some detailed. The current and potential applications of APT are discussed along with future directions for model improvement. The appendices present an alternative specification of the APT as well as a method of identifying the APT model’s common factors.

The main purpose of this chapter is to review alternative financial theories which include bond valuation, stock valuation, M&M theory, and portfolio theory. In addition, we review theories of futures and options, and theories of CAPM and APT.

We show how the optimal portfolio weight can be derived in terms of the minimum-variance approach and Sharp performance measure approach. In addition, we discuss the Sharp measure, Treynor measure, and Jensen measure.