Abstract: The article deals with dividends and their distribution from investors from a theoretical point of view. Some studies try to analyzed the reaction of the market on the dividend announcement and found out the change of dividend policy is associated with abnormal returns around the dividend announcement date. Another researches directly questioned the investors about their dividend preference and beliefs. Investors want the dividend from many reasons (e.g. some of them explain the dividend preference by the existence of transaction cost; investors prefer the dividend today, because there is less risky; the managers have private information about the firm). The most controversial theory of dividend policy was developed by Modigliani and Miller (1961) who demonstrated that in the perfect and complete capital markets the dividend policy is irrelevant and the value of the company is independent of its payout policy. Nevertheless, in the real world the capital markets are imperfect, because of asymmetric information, transaction costs, incomplete contracting possibilities and taxes.
Abstract: We present in this paper a new approach for specific JPEG steganalysis and propose studying statistics of the compressed DCT coefficients. Traditionally, steganographic algorithms try to preserve statistics of the DCT and of the spatial domain, but they cannot preserve both and also control the alteration of the compressed data. We have noticed a deviation of the entropy of the compressed data after a first embedding. This deviation is greater when the image is a cover medium than when the image is a stego image. To observe this deviation, we pointed out new statistic features and combined them with the Multiple Embedding Method. This approach is motivated by the Avalanche Criterion of the JPEG lossless compression step. This criterion makes possible the design of detectors whose detection rates are independent of the payload. Finally, we designed a Fisher discriminant based classifier for well known steganographic algorithms, Outguess, F5 and Hide and Seek. The experiemental results we obtained show the efficiency of our classifier for these algorithms. Moreover, it is also designed to work with low embedding rates (< 10-5) and according to the avalanche criterion of RLE and Huffman compression step, its efficiency is independent of the quantity of hidden information.
Abstract: In this paper the direct kinematic model of a multiple
applications three degrees of freedom industrial manipulator, was
developed using the homogeneous transformation matrices and the
Denavit - Hartenberg parameters, likewise the inverse kinematic
model was developed using the same method, verifying that in the
workload border the inverse kinematic presents considerable errors,
therefore a genetic algorithm was implemented to optimize the model
improving greatly the efficiency of the model.
Abstract: E-government projects have potential for greater efficiency and effectiveness of government operations. For this reason, many developing countries governments have invested heavily in this agenda and an increasing number of e-government projects are being implemented. However, there is a lack of clear case material, which describes the potentialities and consequence experienced by organizations trying to manage with this change. The Ministry of State for Administrative Development (MSAD) is the organization responsible for the e-Government program in Egypt since early 2004. This paper presents a case study of the process of admission to public universities and institutions in Egypt which is led by MSAD. Underlining the key benefits resulting from the initiative, explaining the strategies and the development steps used to implement it, and highlighting the main obstacles encountered and how they were overcome will help repeat the experience in other useful e-government projects.
Abstract: Cell formation is the first step in the design of cellular
manufacturing systems. In this study, a general purpose
computational scheme employing a hybrid tabu search algorithm as
the core is proposed to solve the cell formation problem and its
variants. In the proposed scheme, great flexibilities are left to the
users. The core solution searching algorithm embedded in the scheme
can be easily changed to any other meta-heuristic algorithms, such as
the simulated annealing, genetic algorithm, etc., based on the
characteristics of the problems to be solved or the preferences the
users might have. In addition, several counters are designed to control
the timing of conducting intensified solution searching and diversified
solution searching strategies interactively.
Abstract: Structural redundancy is an interesting point in
seismic design of structures. Initially, the structural redundancy is
described as indeterminate degree of a system. Although many definitions are presented for redundancy in structures, recently the
definition of structural redundancy has been related to the configuration of structural system and the number of lateral load
transferring directions in the structure. The steel frames with infill walls are general systems in the constructing of usual residential buildings in some countries. It is
obviously declared that the performance of structures will be affected by adding masonry infill walls. In order to investigate the effect of
infill walls on the redundancy of the steel frame which constructed
with masonry walls, the components of redundancy including redundancy variation index, redundancy strength index and
redundancy response modification factor were extracted for the
frames with masonry infills. Several steel frames with typical storey number and various numbers of bays were designed and considered.
The redundancy of frames with and without infill walls was evaluated by proposed method. The results showed the presence of infill causes increase of redundancy.
Abstract: Response to the public health-related emergencies is analysed here for a rural university in South Africa. The structure of the designated emergency plan covers all the phases of the disaster management cycle. The plan contains elements of the vulnerability model and the technocratic model of emergency management. The response structures are vertically and horizontally integrated, while the planning contains elements of scenario-based and functional planning. The available number of medical professionals at the Rhodes University, along with the medical insurance rates, makes the staff and students potentially more medically vulnerable than the South African population. The main improvements of the emergency management are required in the tornado response and the information dissemination during health emergencies. The latter should involve the increased use of social media and e-mails, following the Taylor model of communication. Infrastructure must be improved in the telecommunication sector in the face of unpredictable electricity outages.
Abstract: Nondestructive testing in engineering is an inverse
Cauchy problem for Laplace equation. In this paper the problem
of nondestructive testing is expressed by a Laplace-s equation with
third-kind boundary conditions. In order to find unknown values on
the boundary, the method of fundamental solution is introduced and
realized. Because of the ill-posedness of studied problems, the TSVD
regularization technique in combination with L-curve criteria and
Generalized Cross Validation criteria is employed. Numerical results
are shown that the TSVD method combined with L-curve criteria is
more efficient than the TSVD method combined with GCV criteria.
The abstract goes here.
Abstract: This paper presents a signal analysis process for
improving energy completeness based on the Hilbert-Huang
Transform (HHT). Firstly, the vibration signal of a DC Motor obtained
by employing an accelerometer is the model used to analyze the
signal. Secondly, the intrinsic mode functions (IMFs) and Hilbert
spectrum of the decomposed signal are obtained by applying HHT.
The results of the IMFs constituent and the original signal are
compared and the process of energy loss is discussed. Finally, the
differences between Wavelet Transform (WT) and HHT in analyzing
the signal are compared. The simulated results reveal the analysis
process based on HHT is advantageous for the enhancement of energy
completeness.
Abstract: As the global climate changes, the threat from
landslides and debris flows increases. Learning how a watershed
initiates landslides under abnormal rainfall conditions and predicting
landslide magnitude and frequency distribution is thus important.
Landslides show a power-law distribution in the frequency-area
distribution. The distribution curve shows an exponent gradient 1.0 in
the Sandpile model test. Will the landslide frequency-area statistics
show a distribution similar to the Sandpile model under extreme
rainfall conditions? The purpose of the study is to identify the extreme
rainfall-induced landslide frequency-area distribution in the Laonong
River Basin in southern Taiwan. Results of the analysis show that a
lower gradient of landslide frequency-area distribution could be
attributed to the transportation and deposition of debris flow areas that
are included in the landslide area.
Abstract: This study aims to investigate the gender differences in
spatial navigation using the tasks of 2-D matrix navigation and
recognition of real driving scene. The results can be summarized as
followings. First, female subjects responded faster in 2-D matrix
navigation task than male subjects when landmark instructions were
provided. Second, in recognition task, male subjects recognized the
key elements involved in the past driving scene more accurately than
female subjects. In particular, female subjects tended to miss
peripheral information. These results suggest the possibility of gender
differences in spatial navigation.
Abstract: This article presents a resistorless current-mode firstorder allpass filter based on second generation current controlled current conveyors (CCCIIs). The features of the circuit are that: the pole frequency can be electronically controlled via the input bias current: the circuit description is very simple, consisting of 2 CCCIIs and single grounded capacitor, without any external resistors and component matching requirements. Consequently, the proposed circuit is very appropriate to further develop into an integrated circuit. Low input and high output impedances of the proposed configuration enable the circuit to be cascaded in current-mode without additional current buffers. The PSpice simulation results are depicted. The given results agree well with the theoretical anticipation. The application example as a current-mode quadrature oscillator is included.
Abstract: Three new algorithms based on minimization of autocorrelation of transmitted symbols and the SLM approach which are computationally less demanding have been proposed. In the first algorithm, autocorrelation of complex data sequence is minimized to a value of 1 that results in reduction of PAPR. Second algorithm generates multiple random sequences from the sequence generated in the first algorithm with same value of autocorrelation i.e. 1. Out of these, the sequence with minimum PAPR is transmitted. Third algorithm is an extension of the second algorithm and requires minimum side information to be transmitted. Multiple sequences are generated by modifying a fixed number of complex numbers in an OFDM data sequence using only one factor. The multiple sequences represent the same data sequence and the one giving minimum PAPR is transmitted. Simulation results for a 256 subcarrier OFDM system show that significant reduction in PAPR is achieved using the proposed algorithms.
Abstract: In this paper, a novel feature-based image
watermarking scheme is proposed. Zernike moments which have
invariance properties are adopted in the scheme. In the proposed
scheme, feature points are first extracted from host image and several
circular patches centered on these points are generated. The patches
are used as carriers of watermark information because they can be
regenerated to locate watermark embedding positions even when
watermarked images are severely distorted. Zernike transform is then
applied to the patches to calculate local Zernike moments. Dither
modulation is adopted to quantize the magnitudes of the Zernike
moments followed by false alarm analysis. Experimental results show
that quality degradation of watermarked image is visually
transparent. The proposed scheme is very robust against image
processing operations and geometric attacks.
Abstract: Current trends in manufacturing are characterized by
production broadening, innovation cycle shortening, and the products
having a new shape, material and functions. The production strategy
focused on time needed change from the traditional functional
production structure to flexible manufacturing cells and lines.
Production by automated manufacturing system (AMS) is one of the
most important manufacturing philosophies in the last years. The
main goals of the project we are involved in lies on building a
laboratory in which will be located a flexible manufacturing system
consisting of at least two production machines with NC control
(milling machines, lathe). These machines will be linked to a
transport system and they will be served by industrial robots. Within
this flexible manufacturing system a station for the quality control
consisting of a camera system and rack warehouse will be also
located. The design, analysis and improvement of this manufacturing
system, specially with a special focus on the communication among
devices constitute the main aims of this paper. The key determining
factors for the manufacturing system design are: the product, the
production volume, the used machines, the disposable manpower, the
disposable infrastructure and the legislative frame for the specific
cases.
Abstract: This paper reviews recent studies and particularly the
effects of Climate Change in the North Tropical Atlantic by studying
atmospheric conditions that prevailed in 2005 ; Coral Bleaching
HotSpot and Hurricane Katrina. In the aim to better understand and
estimate the impact of the physical phenomenon, i.e. Thermal
Oceanic HotSpot (TOHS), isotopic studies of δ18O and δ13C on
marine animals from Guadeloupe (French Caribbean Island) were
carried out. Recorded measures show Sea Surface Temperature (SST)
up to 35°C in August which is much higher than data recorded by
NOAA satellites 32°C. After having reviewed the process that led to
the creation of Hurricane Katrina which hit New Orleans in August
29, 2005, it will be shown that the climatic conditions in the
Caribbean from August to October 2005 have influenced Katrina
evolution. This TOHS is a combined effect of various phenomenon
which represent an additional factor to estimate future climate
changes.
Abstract: A linear system is called a fully fuzzy linear system (FFLS) if quantities in this system are all fuzzy numbers. For the FFLS, we investigate its solution and develop a new approximate method for solving the FFLS. Observing the numerical results, we find that our method is accurate than the iterative Jacobi and Gauss- Seidel methods on approximating the solution of FFLS.
Abstract: This paper will focus on modeling, analysis and simulation of a 42V/14V dc/dc converter based architecture. This architecture is considered to be technically a viable solution for automotive dual-voltage power system for passenger car in the near further. An interleaved dc/dc converter system is chosen for the automotive converter topology due to its advantages regarding filter reduction, dynamic response, and power management. Presented herein, is a model based on one kilowatt interleaved six-phase buck converter designed to operate in a Discontinuous Conduction Mode (DCM). The control strategy of the converter is based on a voltagemode- controlled Pulse Width Modulation (PWM) with a Proportional-Integral-Derivative (PID). The effectiveness of the interleaved step-down converter is verified through simulation results using control-oriented simulator, MatLab/Simulink.
Abstract: In this work a new platform for mobile-health systems is
presented. System target application is providing decision support to
rescue corps or military medical personnel in combat areas. Software
architecture relies on a distributed client-server system that manages a
wireless ad-hoc networks hierarchy in which several different types of
client operate. Each client is characterized for different hardware and
software requirements. Lower hierarchy levels rely in a network of
completely custom devices that store clinical information and patient
status and are designed to form an ad-hoc network operating in the
2.4 GHz ISM band and complying with the IEEE 802.15.4 standard
(ZigBee). Medical personnel may interact with such devices, that are
called MICs (Medical Information Carriers), by means of a PDA
(Personal Digital Assistant) or a MDA (Medical Digital Assistant),
and transmit the information stored in their local databases as well as
issue a service request to the upper hierarchy levels by using IEEE
802.11 a/b/g standard (WiFi). The server acts as a repository that
stores both medical evacuation forms and associated events (e.g., a
teleconsulting request). All the actors participating in the diagnostic
or evacuation process may access asynchronously to such repository
and update its content or generate new events. The designed system
pretends to optimise and improve information spreading and flow
among all the system components with the aim of improving both
diagnostic quality and evacuation process.
Abstract: The paper deals with cartographic visualisation of
results of transport accessibility monitoring with the use of a semiautomated
method of unipolar anamorphosis, developed by the
authors in the GIS environment. The method is based on
transformation of distance in the map to values of a geographical
phenomenon. In the case of time accessibility it is based on
transformation of isochrones converted into the form of concentric
circles, taking into account selected topographic and thematic
elements in the map. The method is most suitable for analyses of
accessibility to or from a centre and for modelling its long-term
context.
The paper provides a detailed analysis of the procedures and
functionality of the method, discussing the issues of coordinates,
transformation, scale and visualisation. It also offers a discussion of
possible problems and inaccuracies. A practical application of the
method is illustrated by previous research results by the authors in
the filed of accessibility in Czechia.