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: In an urban area the location allocation of emergency
services mobile units, such as ambulances, police patrol cars must be
designed so as to achieve a prompt response to demand locations.
In this paper the partition of a given urban network into distinct
sub-networks is performed such that the vertices in each component
are close and simultaneously the sums of the corresponding
population in the sub-networks are almost uniform. The objective
here is to position appropriately in each sub-network a mobile
emergency unit in order to reduce the response time to the demands.
A mathematical model in framework of graph theory is developed.
In order to clarify the corresponding method a relevant numerical
example is presented on a small network.
Abstract: Assertion-Based software testing has been shown to
be a promising tool for generating test cases that reveal program
faults. Because the number of assertions may be very large for
industry-size programs, one of the main concerns to the applicability
of assertion-based testing is the amount of search time required to
explore a large number of assertions. This paper presents a new
approach for assertions exploration during the process of Assertion-
Based software testing. Our initial exterminations with the proposed
approach show that the performance of Assertion-Based testing may
be improved, therefore, making this approach more efficient when
applied on programs with large number of assertions.
Abstract: Series of laboratory tests were carried out to study the
extent of scour caused by a three-dimensional wall jets exiting from a
square cross-section nozzle and into a non-cohesive sand beds.
Previous observations have indicated that the effect of the tail water
depth was significant for densimetric Froude number greater than ten.
However, the present results indicate that the cut off value could be
lower depending on the value of grain size-to-nozzle width ratio.
Numbers of equations are drawn out for a better scaling of numerous
scour parameters. Also suggested the empirical prediction of scour to
predict the scour centre line profile and plan view of scour profile at
any particular time.
Abstract: Calcium phosphate cement (CPC) is one of the most
attractive bioceramics due to its moldable and shape ability to fill
complicated bony cavities or small dental defect positions. In this
study, CPC was produced by using mixture of tetracalcium phosphate
(TTCP, Ca4O(PO4)2) and dicalcium phosphate anhydrous (DCPA,
CaHPO4) in equimolar ratio (1/1) with aqueous solutions of acetic
acid (C2H4O2) and disodium hydrogen phosphate dehydrate
(Na2HPO4.2H2O) in combination with sodium alginate in order to
improve theirs moldable characteristic. The concentration of the
aqueous solutions and sodium alginate were varied to investigate the
effect of different aqueous solutions and alginate on properties of the
cements. The cement paste was prepared by mixing cement powder
(P) with aqueous solution (L) in a P/L ratio of 1.0g/0.35ml. X-ray
diffraction (XRD) was used to analyses phase formation of the
cements. Setting time and compressive strength of the set CPCs were
measured using the Gilmore apparatus and Universal testing
machine, respectively.
The results showed that CPCs could be produced by using both
basic (Na2HPO4.2H2O) and acidic (C2H4O2) solutions. XRD results
show the precipitation of hydroxyapatite in all cement samples. No
change in phase formation among cements using difference
concentrations of Na2HPO4.2H2O solutions. With increasing
concentration of acidic solutions, samples obtained less
hydroxyapatite with a high dicalcium phosphate dehydrate leaded to
a shorter setting time. Samples with sodium alginate exhibited higher
crystallization of hydroxyapatite than that of without alginate as a
result of shorten setting time in a basic solution but a longer setting
time in an acidic solution. The stronger cement was attained from
samples using the acidic solution with sodium alginate; however the
strength was lower than that of using the basic solution.
Abstract: Time and cost are the main goals of the construction
project management. The first schedule developed may not be a
suitable schedule for beginning or completing the project to achieve
the target completion time at a minimum total cost. In general, there
are trade-offs between time and cost (TCT) to complete the activities
of a project. This research presents genetic algorithms (GAs) multiobjective
model for project scheduling considering different
scenarios such as least cost, least time, and target time.
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: South Africa has some regions which are susceptible
to moderate seismic activity. A peak ground acceleration of between
0.1g and 0.15g can be expected in the southern parts of the Western
Cape. Unreinforced Masonry (URM) is commonly used as a
construction material for 2 to 5 storey buildings in underprivileged
areas in and around Cape Town. URM is typically regarded as the
material most vulnerable to damage when subjected to earthquake
excitation. In this study, a three-storey URM building was analysed
by applying seven earthquake time-histories, which can be expected
to occur in South Africa using a finite element approach.
Experimental data was used to calibrate the in- and out-of-plane
stiffness of the URM. The results indicated that tensile cracking of
the in-plane piers was the dominant failure mode. It is concluded that
URM buildings of this type are at risk of failure especially if
sufficient ductility is not provided. The results also showed that
connection failure must be investigated further.
Abstract: Pavement surface unevenness plays a pivotal role on
roughness index of road which affects on riding comfort ability.
Comfort ability refers to the degree of protection offered to vehicle
occupants from uneven elements in the road surface. So, it is
preferable to have a lower roughness index value for a better riding
quality of road users. Roughness is generally defined as an
expression of irregularities in the pavement surface which can be
measured using different equipments like MERLIN, Bump integrator,
Profilometer etc. Among them Bump Integrator is quite simple and
less time consuming in case of long road sections. A case study is
conducted on low volume roads in West District in Tripura to
determine roughness index (RI) using Bump Integrator at the
standard speed of 32 km/h. But it becomes too tough to maintain the
requisite standard speed throughout the road section. The speed of
Bump Integrator (BI) has to lower or higher in some distinctive
situations. So, it becomes necessary to convert these roughness index
values of other speeds to the standard speed of 32 km/h. This paper
highlights on that roughness index conversional model. Using SPSS
(Statistical Package of Social Sciences) software a generalized
equation is derived among the RI value at standard speed of 32 km/h
and RI value at other speed conditions.
Abstract: In this paper, we propose a new packing strategy to
find a free resource for run-time mapping of application tasks to
NoC-based Heterogeneous MPSoC. The proposed strategy minimizes
the task mapping time in addition to placing the communicating tasks
close to each other. To evaluate our approach, a comparative study is
carried out for a platform containing single task supported PEs.
Experiments show that our strategy provides better results when
compared to latest dynamic mapping strategies reported in the
literature.
Abstract: The use of information and communication
technologies such as computers, mobile phones and the Internet is
becoming prevalent in today’s world; and it is facilitating access to a
vast amount of data, services and applications for the improvement of
people’s lives. However, this prevalence of ICTs is hampered by the
problem of low income levels in developing countries to the point
where people cannot timeously replace or repair their ICT devices
when damaged or lost; and this problem serves as a motivation for
this study whose aim is to examine the perceptions of teachers on the
reliability of cellphones when used for teaching and learning
purposes. The research objectives unfolding this aim are of two
types: Objectives on the selection and design of theories and models,
and objectives on the empirical testing of these theories and models.
The first type of objectives is achieved using content analysis in an
extensive literature survey: and the second type of objectives is
achieved through a survey of high school teachers from the ILembe
and UMgungundlovu districts in the KwaZulu-Natal province of
South Africa. Data collected from this questionnaire based survey is
analysed in SPSS using descriptive statistics and Pearson correlations
after checking the reliability and validity of the questionnaires. The
main hypothesis driving this study is that there is a relationship
between the demographics and the attribution identity of teachers on
one hand, and their perceptions on the reliability of cellphones on the
other hand, as suggested by existing literature; except that attribution
identities are considered in this study under three angles: intention,
knowledge and ability, and action. The results of this study confirm
that the perceptions of teachers on the reliability of cellphones for
teaching and learning are affected by the school location of these
teachers, and by their perceptions on learners’ cellphones usage
intentions and actual use.
Abstract: Drying behavior of blanched sweet potato in a cabinet
dryer using different five air temperatures (40-80°C) and ten sweet
potato varieties sliced to 5mm thickness were investigated. The
drying data were fitted to eight models. The Modified Henderson and
Pabis model gave the best fit to the experimental moisture ratio data
obtained during the drying of all the varieties while Newton (Lewis)
and Wang and Singh models gave the least fit. The values of Deff
obtained for Bophelo variety (1.27 x 10-9 to 1.77 x 10-9 m2/s) was
the least while that of S191 (1.93 x 10-9 to 2.47 x 10-9 m2/s) was the
highest which indicates that moisture diffusivity in sweet potato is
affected by the genetic factor. Activation energy values ranged from
0.27-6.54 kJ/mol. The lower activation energy indicates that drying
of sweet potato slices requires less energy and is hence a cost and
energy saving method. The drying behavior of blanched sweet potato
was investigated in a cabinet dryer. Drying time decreased
considerably with increase in hot air temperature. Out of the eight
models fitted, the Modified Henderson and Pabis model gave the best
fit to the experimental moisture ratio data on all the varieties while
Newton, Wang and Singh models gave the least. The lower activation
energy (0.27 - 6.54 kJ/mol) obtained indicates that drying of sweet
potato slices requires less energy and is hence a cost and energy
saving method.
Abstract: In this paper, we introduce a generalized Chebyshev
collocation method (GCCM) based on the generalized Chebyshev
polynomials for solving stiff systems. For employing a technique
of the embedded Runge-Kutta method used in explicit schemes, the
property of the generalized Chebyshev polynomials is used, in which
the nodes for the higher degree polynomial are overlapped with those
for the lower degree polynomial. The constructed algorithm controls
both the error and the time step size simultaneously and further
the errors at each integration step are embedded in the algorithm
itself, which provides the efficiency of the computational cost. For
the assessment of the effectiveness, numerical results obtained by the
proposed method and the Radau IIA are presented and compared.
Abstract: This paper is drawn from a wider study of the
management of gender, age and disability diversity in the banking
sector in the Kingdom of Saudi Arabia (KSA), which aims to develop
a framework for diversity management (DM) in this sector. The
paper focuses on the management of disability diversity. The purpose
of the paper is to assist in understanding disability DM in the banking
sector in KSA and to make suggestions for its enhancement. Hence, it
contributes to filling a research gap, as there is a dearth of literature
on disability DM, in KSA in general, and in the banking sector
specifically.
Discrimination against people with disabilities is a social issue that
has not been entirely overcome in any society. However, in KSA,
Islam informs almost every aspect of daily life including work, and
Islam is against discrimination. Hence, in KSA, there are regulations
to accommodate people with disabilities; however, employers are still
free not to hire job applicants with disabilities specifically because of
their condition. Indeed, disabled people are almost entirely absent
from the labour market.
There are 12 Saudi-owned or part-Saudi-owned banks in KSA and
two managers from each of these were interviewed, making a total of
24. The interviews aimed to investigate empirically the understanding
of managers in the banking sector in KSA of diversity management,
including disability DM, in the banking sector. The interview data
were analysed using thematic analysis. Two interviewees stated that
banks used the employment of people with disabilities to enhance
their corporate image, while five expressed the opinion that disabled
employees could contribute to the bank provided they did not have to
deal with customers face-to-face. Nine of the interviewees perceived
that disabled employees could be of value to the bank for their own
sake, not only in ‘behind the scenes’ roles. Another two interviewees
mentioned that employing disabled people could be part of the bank’s
community service programme and one thought it would be part of
the bank’s Saudisation efforts. The remaining five interviewees did
not know how disabled people could contribute to the bank.
The findings show that disability DM in the banking sector in
KSA is a relatively new concept, and is not yet well understood. In
the light of the findings, in order to achieve the purpose of the paper,
the following suggestions were made for the enhancement of
disability DM in the banking sector in KSA. A change in attitudes
towards disabled people is necessary. Such a change in the workplace
can only be achieved if a top-down approach is taken to the
integration of disabled people. Hence, it is suggested that
management and employees follow a course in disability awareness.
Further, a diversity officer in the HR department could enhance the
integration of disabled people into the banking workforce. It is also
suggested that greater government support is required through closely
monitored and enforced anti-discrimination legislation. Moreover,
flexible working arrangements such as part-time work would
facilitate the employment of disabled people and benefit other groups
of employees.
Abstract: We introduced an all-optical multicasting
characteristics with wavelength conversion based on a novel
all-optical triode using negative feedback semiconductor optical
amplifier. This study was demonstrated with a transfer speed of 10
Gb/s to a non-return zero 231-1 pseudorandom bit sequence system.
This multi-wavelength converter device can simultaneously provide
three channels of output signal with the support of non-inverted and
inverted conversion. We studied that an all-optical multicasting and
wavelength conversion accomplishing cross gain modulation is
effective in a semiconductor optical amplifier which is effective to
provide an inverted conversion thus negative feedback. The
relationship of received power of back to back signal and output
signals with wavelength 1535 nm, 1540 nm, 1545 nm, 1550 nm, and
1555 nm with bit error rate was investigated. It was reported that the
output signal wavelengths were successfully converted and modulated
with a power penalty of less than 8.7 dB, which the highest is 8.6 dB
while the lowest is 4.4 dB. It was proved that all-optical multicasting
and wavelength conversion using an optical triode with a negative
feedback by three channels at the same time at a speed of 10 Gb/s is a
promising device for the new wavelength conversion technology.
Abstract: This study is purposed to develop an efficient fault
detection method for Global Navigation Satellite Systems (GNSS)
applications based on adaptive noise covariance estimation. Due to the
dependence on radio frequency signals, GNSS measurements are
dominated by systematic errors in receiver’s operating environment.
In the proposed method, the pseudorange and carrier-phase
measurement noise covariances are obtained at time propagations and
measurement updates in process of Carrier-Smoothed Code (CSC)
filtering, respectively. The test statistics for fault detection are
generated by the estimated measurement noise covariances. To
evaluate the fault detection capability, intentional faults were added to
the filed-collected measurements. The experiment result shows that
the proposed method is efficient in detecting unhealthy measurements
and improves GNSS positioning accuracy against fault occurrences.
Abstract: One of the most important tasks in the risk
management is the correct determination of probability of default
(PD) of particular financial subjects. In this paper a possibility of
determination of financial institution’s PD according to the creditscoring
models is discussed. The paper is divided into the two parts.
The first part is devoted to the estimation of the three different
models (based on the linear discriminant analysis, logit regression
and probit regression) from the sample of almost three hundred US
commercial banks. Afterwards these models are compared and
verified on the control sample with the view to choose the best one.
The second part of the paper is aimed at the application of the chosen
model on the portfolio of three key Czech banks to estimate their
present financial stability. However, it is not less important to be able
to estimate the evolution of PD in the future. For this reason, the
second task in this paper is to estimate the probability distribution of
the future PD for the Czech banks. So, there are sampled randomly
the values of particular indicators and estimated the PDs’ distribution,
while it’s assumed that the indicators are distributed according to the
multidimensional subordinated Lévy model (Variance Gamma model
and Normal Inverse Gaussian model, particularly). Although the
obtained results show that all banks are relatively healthy, there is
still high chance that “a financial crisis” will occur, at least in terms
of probability. This is indicated by estimation of the various quantiles
in the estimated distributions. Finally, it should be noted that the
applicability of the estimated model (with respect to the used data) is
limited to the recessionary phase of the financial market.
Abstract: Climate change will affect the hydrological cycle in
many different ways such as increase in evaporation and rainfalls.
There have been growing interests among researchers to identify the
nature of trends in historical rainfall data in many different parts of
the world. This paper examines the trends in annual maximum
rainfall data from 30 stations in New South Wales, Australia by using
two non-parametric tests, Mann-Kendall (MK) and Spearman’s Rho
(SR). Rainfall data were analyzed for fifteen different durations
ranging from 6 min to 3 days. It is found that the sub-hourly
durations (6, 12, 18, 24, 30 and 48 minutes) show statistically
significant positive (upward) trends whereas longer duration (subdaily
and daily) events generally show a statistically significant
negative (downward) trend. It is also found that the MK test and SR
test provide notably different results for some rainfall event durations
considered in this study. Since shorter duration sub-hourly rainfall
events show positive trends at many stations, the design rainfall data
based on stationary frequency analysis for these durations need to be
adjusted to account for the impact of climate change. These shorter
durations are more relevant to many urban development projects
based on smaller catchments having a much shorter response time.
Abstract: The reachable set bounding estimation for distributed
delay systems with disturbances is a new problem. In this paper,we
consider this problem subject to not only time varying delay and
polytopic uncertainties but also distributed delay systems which is
not studied fully untill now. we can obtain improved non-ellipsoidal
reachable set estimation for neural networks with time-varying delay
by the maximal Lyapunov-Krasovskii fuctional which is constructed
as the pointwise maximum of a family of Lyapunov-Krasovskii
fuctionals corresponds to vertexes of uncertain polytope.On the other
hand,matrix inequalities containing only one scalar and Matlabs
LMI Toolbox is utilized to give a non-ellipsoidal description of the
reachable set.finally,numerical examples are given to illustrate the
existing results.
Abstract: In new energy development, wind power has boomed.
It is due to the proliferation of wind parks and their operation in
supplying the national electric grid with low cost and clean resources.
Hence, there is an increased need to establish a proactive
maintenance for wind turbine machines based on remote control and
monitoring. That is necessary with a real-time wireless connection in
offshore or inaccessible locations while the wired method has many
flaws. The objective of this strategy is to prolong wind turbine
lifetime and to increase productivity. The hardware of a remote
control and monitoring system for wind turbine parks is designed. It
takes advantage of GPRS or Wi-Max wireless module to collect data
measurements from different wind machine sensors through IP based
multi-hop communication. Computer simulations with Proteus ISIS
and OPNET software tools have been conducted to evaluate the
performance of the studied system. Study findings show that the
designed device is suitable for application in a wind park.