Abstract: In this paper it was examined the influence of margin
regulation on stock market volatility in EU 1993 – 2014. Regulating
margin requirements or haircuts for securities financing transactions
has for a long time been considered as a potential tool to limit the
build-up of leverage and dampen volatility in financial markets. The
margin requirement dictates how much investors can borrow against
these securities. Margin can be an important part of investment.
Using daily and monthly stock returns and there is no convincing
evidence that EU Regulation margin requirements have served to
dampen stock market volatility. In this paper was detected the
expected negative relation between margin requirements and the
amount of margin credit outstanding. Also, it confirmed that changes
in margin requirements by the EU regulation have tended to follow
than lead changes in market volatility. For the analysis have been
used the modified Levene statistics to test whether the standard
deviation of stock returns in the 25, 50 and 100 days preceding
margin changes is the same as that in the succeeding 25, 50 and 100
days. The analysis started in May 1993 when it was first empowered
to set the initial margin requirement and the last sample was in May
2014. To test whether margin requirements influence stock market
volatility over the long term, the sample of stock returns was divided
into 14 periods, according to the 14 changes in margin requirements.
Abstract: This paper contains 2 main parts. In the first part of paper we simulated and studied three types of electrode patterns used in various industries for suspension and handling of the semiconductor and glass and we selected the best pattern by evaluating the electrostatic force, which was comb pattern electrode.
In the second part we investigated the parameters affecting the amount of electrostatic force such as the gap between surface and electrode (g), the electrode width (w), the gap between electrodes (t), the surface permittivity and electrode length and methods of improvement of adhesion force by changing these values.
Abstract: Magnetic powder of Sr-ferrite was prepared by
conventional and sol-gel auto-combustion methods. In conventional
method, strontium carbonate and ferric oxide powders were mixed
together and then mixture was calcined. In sol-gel auto-combustion
method, a solution containing strontium nitrate, ferric nitrate and
citric acid was heated until the combustion took place automatically;
then, as-burnt powder was calcined. Thermal behavior, phase
identification, morphology and magnetic properties of powders
obtained by these two methods were compared by DTA, XRD, SEM
and VSM techniques. According to the results of DTA analysis,
formation temperature of Sr-ferrite obtained by conventional and solgel
auto-combustion methods were 1300°C and 1000°C, respectively.
XRD results confirmed the formation of pure Sr-ferrite at the
mentioned temperatures. Plate and hexagonal-shape particles of Srferrite
were observed using SEM. The Sr-ferrite powder obtained by
sol-gel auto-combustion method had saturation magnetization of
66.03 emu/g and coercivity of 5731 Oe in comparison with values of
58.20 emu/g and 4378 Oe obtained by conventional method.
Abstract: Heightened concerns over the amount of carbon
emitted from coal-related processes are generating shifts to the
application of biomass. In co-gasification, where coal is gasified
along with biomass, the biomass may be fed together with coal (cofeeding)
or an independent biomass gasifier needs to be integrated
with the coal gasifier. The main aim of this work is to evaluate the
biomass introduction methods in coal co-gasification. This includes
the evaluation of biomass concentration input (B0 to B100) and its
gasification performance. A process model is developed and
simulated in Aspen HYSYS, where both coal and biomass are
modelled according to its ultimate analysis. It was found that the
syngas produced increased with increasing biomass content for both
co-feeding and independent schemes. However, the heating values
and heat duties decreases with biomass concentration as more CO2
are produced from complete combustion.
Abstract: Climate change would cause mean sea level to rise +1
m by 2100. To prevent coastal floods resulting from the sea level
rising, different flood control structures have been built, with
acceptable protection levels. Gothenburg with the River Göta älv
located on the southwest coast of Sweden is a vulnerable city to the
accelerated rises in mean sea level. We evaluated using a sea barrage
in the River Göta älv to protect Gothenburg during this century. The
highest sea level was estimated to 2.95 m above the current mean sea
level by 2100. To verify flood protection against such high sea levels,
both barriers have to be closed. To prevent high water level in the
River Göta älv reservoir, the barriers would be open when the sea
level is low. The suggested flood control structures would
successfully protect the city from flooding events during this century.
Abstract: Using ETABS software, this study analyzed 23
buildings to evaluate effects of mistakes during construction phase on
buildings structural behavior. For modelling, two different loadings
were assumed: 1) design loading and 2) loading due to the effects of
mistakes in construction phase. Research results determined that
considering traditional construction methods for buildings resulted in
a significant increase in dead loads and consequently intensified the
displacements and base-shears of buildings under seismic loads.
Abstract: Food contamination occurs during post process
handling. This leads to spoilage and growth of pathogenic
microorganisms in the food, thereby reducing its shelf life or
spreading of food borne diseases. Several methods are tried and one
of which is use of antimicrobial packaging. Here, papain, a protease
enzyme, is covalently immobilized with the help of glutarldehyde on
polyurethane and used as a food wrap to protect food from microbial
contamination. Covalent immobilization of papain was achieved at a
pH of 7.4; temperature of 4°C; glutaraldehyde concentration of 0.5%;
incubation time of 24h; and 50mg of papain. The formation of -C=Nobserved
in the Fourier transform infrared spectrum confirmed the
immobilization of the enzyme on the polymer. Immobilized enzyme
retained higher activity than the native free enzyme. The modified
polyurethane showed better reduction of Staphylococcus aureus
biofilm than bare polymer film (eight folds reduction in live colonies,
two times reduction in protein and 6 times reduction in
carbohydrates). The efficacy of this was studied by wrapping it over
S. aureus contaminated cottage cheese (paneer) and cheese and
stored at a temperature of 4°C for 7days. The modified film reduced
the bacterial contamination by eight folds when compared to the bare
film. FTIR also indicated reduction in lipids, sugars and proteins in
the biofilm.
Abstract: Curcuma longa L. (Zingiberaceae), commonly known
as turmeric, has a long history of traditional uses for culinary
purposes as a spice and a food colorant. The present study aimed to
document the ethnobotanical knowledge about Curcuma longa, and
to assess the variation in the herbalists’ experience in Northeastern
Algeria. Data were collected using semi-structured questionnaires
and direct interviews with 30 herbalists. Ethnobotanical indices,
including the fidelity level (FL%), the relative frequency citation
(RFC), and use value (UV) were determined by quantitative methods.
Diversity in the level of knowledge was analyzed using univariate,
non-parametric, and multivariate statistical methods. Three main
categories of uses were recorded for C. longa: for food, for medicine,
and for cosmetic purposes. As a medicine, turmeric was used for the
treatment of gastrointestinal, dermatological, and hepatic diseases.
Medicinal and food uses were correlated with both forms of
preparation (rhizome and powder). The age group did not influence
the use. Multivariate analyses showed a significant variation in
traditional knowledge, associated with the use value, origin, quality,
and efficacy of the drug. The findings suggested that the geographical
origin of C. longa affected the use in Algeria.
Abstract: At-site flood frequency analysis is used to estimate
flood quantiles when at-site record length is reasonably long. In
Australia, FLIKE software has been introduced for at-site flood
frequency analysis. The advantage of FLIKE is that, for a given
application, the user can compare a number of most commonly
adopted probability distributions and parameter estimation methods
relatively quickly using a windows interface. The new version of
FLIKE has been incorporated with the multiple Grubbs and Beck test
which can identify multiple numbers of potentially influential low
flows. This paper presents a case study considering six catchments in
eastern Australia which compares two outlier identification tests
(original Grubbs and Beck test and multiple Grubbs and Beck test)
and two commonly applied probability distributions (Generalized
Extreme Value (GEV) and Log Pearson type 3 (LP3)) using FLIKE
software. It has been found that the multiple Grubbs and Beck test
when used with LP3 distribution provides more accurate flood
quantile estimates than when LP3 distribution is used with the
original Grubbs and Beck test. Between these two methods, the
differences in flood quantile estimates have been found to be up to
61% for the six study catchments. It has also been found that GEV
distribution (with L moments) and LP3 distribution with the multiple
Grubbs and Beck test provide quite similar results in most of the
cases; however, a difference up to 38% has been noted for flood
quantiles for annual exceedance probability (AEP) of 1 in 100 for one
catchment. This finding needs to be confirmed with a greater number
of stations across other Australian states.
Abstract: Present study is aimed on the cutting process of circular
cross-section rods where the fracture is used to separate one rod
into two pieces. Incorporating the phenomenological ductile fracture
model into the explicit formulation of finite element method, the
process can be analyzed without the necessity of realizing too many
real experiments which could be expensive in case of repetitive
testing in different conditions. In the present paper, the steel AISI
1045 was examined and the tensile tests of smooth and notched
cylindrical bars were conducted together with biaxial testing of the
notched tube specimens to calibrate material constants of selected
phenomenological ductile fracture models. These were implemented
into the Abaqus/Explicit through user subroutine VUMAT and used
for cutting process simulation. As the calibration process is based
on variables which cannot be obtained directly from experiments,
numerical simulations of fracture tests are inevitable part of the
calibration. Finally, experiments regarding the cutting process were
carried out and predictive capability of selected fracture models is
discussed. Concluding remarks then make the summary of gained
experience both with the calibration and application of particular
ductile fracture criteria.
Abstract: This paper deals with the problem of automatic rule
generation for fuzzy systems design. The proposed approach is based
on hybrid artificial bee colony (ABC) optimization and weighted least
squares (LS) method and aims to find the structure and parameters of
fuzzy systems simultaneously. More precisely, two ABC based fuzzy
modeling strategies are presented and compared. The first strategy
uses global optimization to learn fuzzy models, the second one
hybridizes ABC and weighted least squares estimate method. The
performances of the proposed ABC and ABC-LS fuzzy modeling
strategies are evaluated on complex modeling problems and compared
to other advanced modeling methods.
Abstract: The aim of this study is to determine the effect of age
and physiological status on progesterone and energy metabolism of
Ouled Djellal (O.D) breed ewes. 40 healthy ewes were divided into
two groups, primiparous and multiparous, with 20 ewes in each
group. The body weights (BW) (Kg) were 46.6 ± 4.20 and 59.2 ±
3.02, and consuming less 25 to 30% of their basal energetic
requirements. The values of serum glucose, triglycerides and
cholesterol were lower in pregnant than in non-pregnant ewes. The
high to very high significant differences were found during the 15th
week of pregnancy for glycaemia and triglyceridemia respectively.
Concerning serum progesterone, a very highly significant difference
(p
Abstract: Aluminium and its alloys have excellent corrosion
resistant properties, ease of fabrication and high specific strength to
weight ratio. In this investigation an attempt has been made to study
the effect of different post weld heat treatment methods on the
mechanical and metallurgical properties of TIG welded joints of the
commercial aluminium alloy. Three different methods of post weld
heat treatments are solution heat treatment, artificial ageing and
combination of solution heat treatment and artificial aging are given
to TIG welded aluminium joints. Mechanical and metallurgical
properties of As welded joints of the aluminium alloys and post weld
heat treated joints of the aluminium alloys were examined.
Abstract: Molluca Collision Zone is located at the junction of
the Eurasian, Australian, Pacific and the Philippines plates. Between
the Sangihe arc, west of the collision zone, and to the east of
Halmahera arc is active collision and convex toward the Molluca Sea.
This research will analyze the behavior of earthquake occurrence in
Molluca Collision Zone related to the distributions of an earthquake
in each partition regions, determining the type of distribution of a
occurrence earthquake of partition regions, and the mean occurence
of earthquakes each partition regions, and the correlation between the
partitions region. We calculate number of earthquakes using partition
method and its behavioral using conventional statistical methods. In
this research, we used data of shallow earthquakes type and its
magnitudes ≥4 SR (period 1964-2013). From the results, we can
classify partitioned regions based on the correlation into two classes:
strong and very strong. This classification can be used for early
warning system in disaster management.
Abstract: With advances in solid-state power electronic devices
and microprocessors, various pulse-width-modulation (PWM)
techniques have been developed for industrial applications. This
paper presents the comparison of two different PWM techniques, the
sinusoidal PWM (SPWM) technique and the space-vector PWM
(SVPWM) technique applied to two level VSI for micro grid
applications. These two methods are compared by discussing their
ease of implementation and by analyzing the output harmonic spectra
of various output voltages (line-to-neutral voltages, and line-to-line
voltages) and their total harmonic distortion (THD). The SVPWM
technique in the under-modulation region can increase the
fundamental output voltage by 15.5% over the SPWM technique.
Abstract: In this paper, numerical solution of system of
Fredholm and Volterra integral equations by means of the Spline
collocation method is considered. This approximation reduces the
system of integral equations to an explicit system of algebraic
equations. The solution is collocated by cubic B-spline and the
integrand is approximated by the Newton-Cotes formula. The error
analysis of proposed numerical method is studied theoretically. The
results are compared with the results obtained by other methods to
illustrate the accuracy and the implementation of our method.
Abstract: Microarray technology is universally used in the study
of disease diagnosis using gene expression levels. The main
shortcoming of gene expression data is that it includes thousands of
genes and a small number of samples. Abundant methods and
techniques have been proposed for tumor classification using
microarray gene expression data. Feature or gene selection methods
can be used to mine the genes that directly involve in the
classification and to eliminate irrelevant genes. In this paper
statistical measures like T-Statistics, Signal-to-Noise Ratio (SNR)
and F-Statistics are used to rank the genes. The ranked genes are used
for further classification. Particle Swarm Optimization (PSO)
algorithm and Shuffled Frog Leaping (SFL) algorithm are used to
find the significant genes from the top-m ranked genes. The Naïve
Bayes Classifier (NBC) is used to classify the samples based on the
significant genes. The proposed work is applied on Lung and Ovarian
datasets. The experimental results show that the proposed method
achieves 100% accuracy in all the three datasets and the results are
compared with previous works.
Abstract: The main goal of this paper was evaluate the effect of
diets containing different levels of probiotic on performance and milk
composition of lactating cows.
Eight Holstein cows were distributed in two 4x4 Latin square. The
diets were based on corn silage, concentrate and the treatment (0, 3, 6
or 9 grams of probiotic/animal/day). It was evaluated the dry matter
intake of nutrients, milk yield and composition.
The use of probiotics did not affect the nutrient intake (p>0.05)
neither the daily milk production or corrected to 4% fat (p>0.05).
However, it was observed that there was a significant fall in milk
composition with higher levels of probiotics supplementation.
These results emphasize the need of further studies with different
experimental designs or improve the number of Latin square with
longer periods of adaptation.
Abstract: Since, today in most countries around the world much
attention is paid to planning the smallest unit in the city i.e. the
residential neighborhoods to achieve sustainable urban development
goals, a variety of assessment tools have been developed to assess
and monitor the sustainability of new developments. One of the most
reliable and widely used assessment tools is LEED-ND rating system.
This paper whit the aim of assessing sustainability level of Roshdieh
neighborhood in Tabriz, has introduced this rating system and applied
it in the study area. The results indicate that Roshdieh has the
potential of achieving the standards of sustainable neighborhoods, but
the present situation is far from the ideal point.
Abstract: Off-site construction methods have played an
important role in the construction sector in the past few decades. It is
increasingly becoming a major alternative technique and strategic
direction compared to traditional in-situ method. It produces a
significant amount of value for the construction industry and the
economy more generally. To date, an impressive number of studies
have been lunched on the perceived perception of off-site
construction. However, it seems that a quantifying benefit on the
offsite construction area is lacking. Therefore, this paper examines
the recent research literature on the benefits of off- site construction
and provides future direction. In the beginning, this paper provides a
brief history and current value of the off-site construction followed
by a detailed discussion on the benefit of off-site construction. These
benefits include but not limited to time saving, quality improvement,
relieving skills shortages, cost reduction and productivity
improvement. Toward this end, off-site construction should learn
from other productive industry similar to services or manufacturing
industry by applying operational management tools and techniques
with extensive focus on employee empowerment will shed the light
on future uptake of Off-site construction. This study is of value in
providing scholars have a clear picture of perceived benefit of off-site
construction research and give an opportunities for future uptake of
off-site method.