Financial losses due to financial derivatives: A problem of technology transfer

Financial derivatives represent a new technology for the financial services sector. Large and widely publicized financial losses by end users of financial derivatives (e.g., Barings Bank, Procter and Gamble) may be attributed to two major problems in transferring this technology from derivatives dealers to derivatives users: (1) valuation of derivatives; and (2) control systems to manage this new financial technology. Some effective solutions to these problems are being developed by private standard setting organizations and private firms; these solutions can be viewed in terms of non-product standardization and product standardization, respectively. The effectiveness of these solutions in facilitating technology transfer comes from involvement of all stakeholders (e.g., dealers; users; private standard setters; government regulators). The authors with to thank Dr. Francis W. Wolek, Professor of Management at Villanova University, for reading an earlier draft of this paper. The authors are also grateful to Dr. Albert Link and the anonymous reviewers for thier helpful comments.     

Case based reasoning in criminal intelligence using forensic case data.

A model that is based on the knowledge of experienced investigators in the analysis of serial crime is suggested to bridge a gap between technology and methodology. Its purpose is to provide a solid methodology for the analysis of serial crimes that supports decision making in the deployment of resources, either by guiding proactive policing operations or helping the investigative process. Formalisation has helped to derive a computerised system that efficiently supports the reasoning processes in the analysis of serial crime. This novel approach fully integrates forensic science data.     

Zinc test as a new tool for identification of human seminal stains

An extremely simple qualitative method for identification of seminal stains based on high levels of zinc in human semen is described. It uses reaction of 1-(2-pyridylazo)-2-naphthol with zinc to develop a deep red color. The data are presented on the sensitivity, stability and specificity of the present method. We can recommend it for identification of human semen especially in old or denatured samples.