Abstract: This study aims to explore the relationship between the
disposition effect and herding behavior of investors trading Taiwanese
information technology stocks. This study differs from previous
literature in two aspects. First, in contrast with the earlier studies that
focused on investigating investors’ herding behavior, this study
explores the possibility that the disposition effect drives investors’
herding behavior. Additionally, it takes an in-depth look at the
interdependence between the disposition effect and herding behavior
of investors, including lead-lag relationship and volatility transmission
effect. Empirical results show that investors trading Taiwan’s
information technology stocks exhibit pronounced herding behavior
and that the disposition effect has a great impact on their herding
behavior.
Abstract: Optimal cultural site selection is one of the ways that
can lead to the promotion of citizenship culture in addition to
ensuring the health and leisure of city residents. This study examines
the social and cultural needs of the community and optimal cultural
site allocation and after identifying the problems and shortcomings,
provides a suitable model for finding the best location for these
centers where there is the greatest impact on the promotion of
citizenship culture. On the other hand, non-scientific methods cause
irreversible impacts to the urban environment and citizens. But
modern efficient methods can reduce these impacts. One of these
methods is using geographical information systems (GIS). In this
study, Analytical Hierarchy Process (AHP) method was used to
locate the optimal cultural site. In AHP, three principles
(decomposition), (comparative analysis), and (combining
preferences) are used. The objectives of this research include
providing optimal contexts for passing time and performing cultural
activities by Shiraz residents and also proposing construction of some
cultural sites in different areas of the city. The results of this study
show the correct positioning of cultural sites based on social needs of
citizens. Thus, considering the population parameters and radii
access, GIS and AHP model for locating cultural centers can meet
social needs of citizens.
Abstract: Manufacturing, production and service industries within Libya have struggled with many problems during the past two decades due to many difficulties. These problems have created a negative impact on the productivity and utilization of many industries around the country. This paper studies the implementation levels of the manufacturing control systems known as Manufacturing Resource Planning (MRPII) being adapted within some Libyan industries. A survey methodology has been applied for this research, based on the survey analysis, the results pointed out that the system within these industries has a modest strategy towards most of the areas that are considered as being very crucial in implementing these systems successfully. The findings also show a variation within these implementation levels with a respect to the key-elements that related to MRPII, giving the highest levels in the emphasise on financial data accuracy. The paper has also identified limitations within the investigated manufacturing and managerial areas and has pointed to where senior managers should take immediate actions in order to achieve effective implementation of MRPII within their business area.
Abstract: This article presents a numerical study of the doublediffusive
mixed convection in a vertical channel filled with porous
medium by using non-equilibrium model. The flow is assumed
fully developed, uni-directional and steady state. The controlling
parameters are thermal Rayleigh number (RaT ), Darcy number (Da),
Forchheimer number (F), buoyancy ratio (N), inter phase heat transfer
coefficient (H), and porosity scaled thermal conductivity ratio
(γ). The Brinkman-extended non-Darcy model is considered. The
governing equations are solved by spectral collocation method. The
main emphasize is given on flow profiles as well as heat and solute
transfer rates, when two diffusive components in terms of buoyancy
ratio are in favor (against) of each other and solid matrix and fluid
are thermally non-equilibrium. The results show that, for aiding flow
(RaT = 1000), the heat transfer rate of fluid (Nuf ) increases upto a
certain value of H, beyond that decreases smoothly and converges
to a constant, whereas in case of opposing flow (RaT = -1000),
the result is same for N = 0 and 1. The variation of Nuf in (N,
Nuf )-plane shows sinusoidal pattern for RaT = -1000. For both cases
(aiding and opposing) the flow destabilize on increasing N by inviting
point of inflection or flow separation on the velocity profile. Overall,
the buoyancy force have significant impact on the non-Darcy mixed
convection under LTNE conditions.
Abstract: The impact assessment in its various forms has
recently become a very important part of policy-making and
legislation in many different countries. Regulatory impact assessment
(RIA) is yet another set of analytical methods deployed in the
legislation of the European Union, of many developed countries as
well as in many developing ones such as Mexico, Malaysia and
Philippines. The aim of this paper is to provide a theoretical
background for economic models in regulatory impact assessment
and an overview of their application especially on the financial
market in the Czech Republic. We found out an inadequate
application of these models, what makes room for further research in
this field.
Abstract: The six sigma method is a project-driven management approach to improve the organization-s products, services, and processes by continually reducing defects in the organization. Understanding the key features, obstacles, and shortcomings of the six sigma method allows organizations to better support their strategic directions, and increasing needs for coaching, mentoring, and training. It also provides opportunities to better implement six sigma projects. The purpose of this paper is the survey of six sigma process and its impact on the organizational productivity. So I have studied key concepts , problem solving process of six sigmaas well as the survey of important fields such as: DMAIC, six sigma and productivity applied programme, and other advantages of six sigma. In the end of this paper, present research conclusions. (direct and positive relation between six sigma and productivity)
Abstract: Web applications have become very complex and
crucial, especially when combined with areas such as CRM
(Customer Relationship Management) and BPR (Business Process
Reengineering), the scientific community has focused attention to
Web applications design, development, analysis, and testing, by
studying and proposing methodologies and tools. This paper
proposes an approach to automatic multi-dimensional concern
mining for Web Applications, based on concepts analysis, impact
analysis, and token-based concern identification. This approach lets
the user to analyse and traverse Web software relevant to a particular
concern (concept, goal, purpose, etc.) via multi-dimensional
separation of concerns, to document, understand and test Web
applications. This technique was developed in the context of WAAT
(Web Applications Analysis and Testing) project. A semi-automatic
tool to support this technique is currently under development.
Abstract: Marketing is an essential issue to the survival of any
real estate company in Turkey. There are some factors which are
constraining the achievements of the marketing and sales strategies in
the Turkey real estate industry. This study aims to identify and
prioritise the most significant constraints to marketing in real estate
sector and new strategies based on those constraints. This study is
based on survey method, where the respondents such as credit
counsellors, real estate investors, consultants, academicians and
marketing representatives in Turkey were asked to rank forty seven
sub-factors according to their levels of impact. The results of Multiattribute
analytical technique indicated that the main subcomponents
having impact on marketing in real estate sector are interest rates, real
estate credit availability, accessibility, company image and consumer
real income, respectively. The identified constraints are expected to
guide the marketing team in a sales-effective way.
Abstract: Growing world population has fundamental impacts
and often catastrophic on natural habitat. The immethodical
consumption of energy, destruction of the forests and extinction of
plant and animal species are the consequence of this experience.
Urban sustainability and sustainable urban development, that is so
spoken these days, should be considered as a strategy, goal and
policy, beyond just considering environmental issues and protection.
The desert-s climate has made a bunch of problems for its residents.
Very hot and dry climate in summers of the Iranian desert areas,
when there was no access to modern energy source and mechanical
cooling systems in the past, made Iranian architects to design a
natural ventilation system in their buildings. The structure, like a
tower going upward the roof, besides its ornamental application and
giving a beautiful view to the building, was used as a spontaneous
ventilation system. In this paper, it has been tried to name the
problems of the area and it-s inconvenience, then some answers has
pointed out in order to solve the problems and as an alternative
solution BADGIR (wind-catcher) has been introduced as a solution
knowing that it has been playing a major role in dealing with the
problems.
Abstract: There is lot of work done in prediction of the fault proneness of the software systems. But, it is the severity of the faults that is more important than number of faults existing in the developed system as the major faults matters most for a developer and those major faults needs immediate attention. In this paper, we tried to predict the level of impact of the existing faults in software systems. Neuro-Fuzzy based predictor models is applied NASA-s public domain defect dataset coded in C programming language. As Correlation-based Feature Selection (CFS) evaluates the worth of a subset of attributes by considering the individual predictive ability of each feature along with the degree of redundancy between them. So, CFS is used for the selecting the best metrics that have highly correlated with level of severity of faults. The results are compared with the prediction results of Logistic Models (LMT) that was earlier quoted as the best technique in [17]. The results are recorded in terms of Accuracy, Mean Absolute Error (MAE) and Root Mean Squared Error (RMSE). The results show that Neuro-fuzzy based model provide a relatively better prediction accuracy as compared to other models and hence, can be used for the modeling of the level of impact of faults in function based systems.
Abstract: The objective of this article is to discuss the potential
of economic analysis as a tool for identification and evaluation of
corruption in legislative acts. We propose that corruption be
perceived as a risk variable within the legislative process. Therefore
we find it appropriate to employ risk analysis methods, used in
various fields of economics, for the evaluation of corruption in
legislation. Furthermore we propose the incorporation of these
methods into the so called corruption impact assessment (CIA), the
general framework for detection of corruption in legislative acts. The
applications of the risk analysis methods are demonstrated on
examples of implementation of proposed CIA in the Czech Republic.
Abstract: This paper discusses a genetic algorithm (GA) based optimal load shedding that can apply for electrical distribution networks with and without dispersed generators (DG). Also, the proposed method has the ability for considering constant and variable capacity deficiency caused by unscheduled outages in the bulked generation and transmission system of bulked power supply. The genetic algorithm (GA) is employed to search for the optimal load shedding strategy in distribution networks considering DGs in two cases of constant and variable modelling of bulked power supply of distribution networks. Electrical power distribution systems have a radial network and unidirectional power flows. With the advent of dispersed generations, the electrical distribution system has a locally looped network and bidirectional power flows. Therefore, installed DG in the electrical distribution systems can cause operational problems and impact on existing operational schemes. Introduction of DGs in electrical distribution systems has introduced many new issues in operational and planning level. Load shedding as one of operational issue has no exempt. The objective is to minimize the sum of curtailed load and also system losses within the frame-work of system operational and security constraints. The proposed method is tested on a radial distribution system with 33 load points for more practical applications.
Abstract: Malting is usually carried out on intact barley seed,
while hull is still attached to it. In this study, oat grain with and
without hull was subjected to controlled germination to optimize its
enzymes activity, in such a way that lipase has the lowest and α-
amylase and proteinase the highest activities. Since pH has a great
impact on the activity of the enzymes, the pH of germination media
was set up to 3 to 8. In dehulled oats, lipase and α-amylase had the
lowest and highest activities in pHs 3 and 6, respectively whereas the
highest proteinase activity was evidenced at pH 7 and 4 in the oats
with and without hull respectively. While measurements indicated
that the effect of hull on the enzyme activities particularly in lipase
and amylase at each level of the pH are significantly different, the
best results were obtained in those samples in which their hull had
been removed. However, since the similar lipase activity in
germinated dehulled oat were recorded at the pHs 4 and 5, therefore
it was concluded that pH 5 in dehulled oat seed may provide the
optimum enzyme activity for all the enzymes.
Abstract: This is a cross-cultural study that determines South
African multinational enterprises (MNEs) entry strategies as they
invest in Africa. An integrated theoretical framework comprising the
transaction cost theory, Uppsala model, eclectic paradigm and the
distance framework was adopted. A sample of 40 South African
MNEs with 415 existing FDI entries in Africa was drawn. Using an
ordered logistic regression model, the impact of culture on the choice
of degree of control by South African MNEs in Africa was
determined. Cultural distance was one of significant factors that
influenced South African MNEs- choice of degree of control.
Furthermore, South African MNEs are risk averse in all countries in
Africa but minimize the risks differently across sectors. Service
sectors chooses to own their subsidiaries 100% and avoid dealing
with the locals while manufacturing, resources and construction
choose to have a local partner to share the risk.
Abstract: The technique of inducing micro ecosystem
restoration is one of aquatic ecology engineering methods used to
retrieve the polluted water. Batch scale study, pilot plant study, and
field study were carried out to observe the eutrophication using the
Inducing Ecology Restorative Symbiosis Agent (IERSA) consisting
mainly degraded products by using lactobacillus, saccharomycete,
and phycomycete. The results obtained from the experiments of the
batch scale and pilot plant study allowed us to development the
parameters for the field study. A pond, 5 m to the outlet of a lake,
with an area of 500 m2 and depth of 0.6-1.2 m containing about 500
tons of water was selected as a model. After the treatment with 10
mg IERSA/L water twice a week for 70 days, the micro restoration
mechanisms consisted of three stages (i.e., restoration, impact
maintenance, and ecology recovery experiment after impact). The
COD, TN, TKN, and chlorophyll a were reduced significantly in the
first week. Although the unexpected heavy rain and contaminate
from sewage system might slow the ecology restoration. However,
the self-cleaning function continued and the chlorophyll a reduced
for 50% in one month. In the 4th week, amoeba, paramecium, rotifer,
and red wriggle worm reappeared, and the number of fish flies
appeared up to1000 fish fries/m3. Those results proved that inducing
restorative mechanism can be applied to improve the eutrophication
and to control the growth of algae in the lakes by gaining the selfcleaning
through inducing and competition of microbes. The
situation for growth of fishes also can reach an excellent result due to
the improvement of water quality.
Abstract: The purpose of this study is to understand how
consumers react to a company's promotional offers with mobile
applications (APP) as premiums. This paper presents the results of an
experimental study where five features of APP were involved: the
cost (free/discounted) for earning APP, the relationship between APP
and the promoted product, the perceived usefulness, the perceived
ease of use, and the perceived playfulness of APP in the context of
light foods purchase. The results support that the above features,
except perceived ease of use, have substantial influences on
consumers' intention to adopt the APP. Among the five features, the
cost for earning APP has the most impact on the adopting intention
of APP. The study also found a positive influence of adopting
intention of APP on the consumer's purchase intention of the
promoted product. Thus, APP-based premiums may enhance the
consumer's purchase intention of a company's promoted products.
Abstract: In hydrocyclones, the particle separation efficiency is
limited by the suspended fine particles, which are discharged with the
coarse product in the underflow. It is well known that injecting water
in the conical part of the cyclone reduces the fine particle fraction in
the underflow. This paper presents a mathematical model that
simulates the water injection in the conical component. The model
accounts for the fluid flow and the particle motion. Particle
interaction, due to hindered settling caused by increased density and
viscosity of the suspension, and fine particle entrainment by settling
coarse particles are included in the model. Water injection in the
conical part of the hydrocyclone is performed to reduce fine particle
discharge in the underflow. The model demonstrates the impact of
the injection rate, injection velocity, and injection location on the
shape of the partition curve. The simulations are compared with
experimental data of a 50-mm cyclone.
Abstract: Lack of resources for road infrastructure financing is a
problem that currently affects not only eastern European economies
but also many other countries especially in relation to the impact of
global financial crisis. In this context, we are talking about the socalled
short-investment problem as a result of long-term lack of
investment resources. Based on an analysis of road infrastructure
financing in the Czech Republic this article points out at weaknesses
of current system and proposes a long-term planning methodology
supported by system approach. Within this methodology and using
created system dynamic model the article predicts the development of
short-investment problem in the Country and in reaction on the
downward trend of certain sources the article presents various
scenarios resulting from the change of the structure of financial
sources. In the discussion the article focuses more closely on the
possibility of introduction of tax on vehicles instead of taxes with
declining revenue streams and estimates its approximate price in
relation to reaching various solutions of short-investment in time.
Abstract: Decisions are regularly made during a project or
daily life. Some decisions are critical and have a direct impact on
project or human success. Formal evaluation is thus required,
especially for crucial decisions, to arrive at the optimal solution
among alternatives to address issues. According to microeconomic
theory, all people-s decisions can be modeled as indifference curves.
The proposed approach supports formal analysis and decision by
constructing indifference curve model from the previous experts-
decision criteria. These knowledge embedded in the system can be
reused or help naïve users select alternative solution of the similar
problem. Moreover, the method is flexible to cope with unlimited
number of factors influencing the decision-making. The preliminary
experimental results of the alternative selection are accurately
matched with the expert-s decisions.
Abstract: The purpose of this study was to investigate the relationship between hope and resilience with work engagement. A total of 422 staff nurses working in three public hospitals in Peninsular Malaysia participated in this study. Statistical results using regression analysis revealed that hope and resilience were positively related to work engagement. Possible reasons for these findings, as well as their implications and future research directions are discussed.