Abstract: Policies that support entrepreneurship are keys to the
generation of new business. In Brazil, seed capital, installation of
technology parks, programs and zero interest financing, economic
subsidy as Program First Innovative Company (PRIME) are
examples of incentive policies. For the implementation of PRIME, in
particular the Brazilian Innovation Agency (FINEP) decentralized
operationalization so that business incubators could select innovative
projects. This paper analyzes the program PRIME Business Incubator
Center of the State of Sergipe (CISE) after calculating the mean and
standard deviation of the grades obtained by companies in the factors
of innovation, market potential, financial return economic, market
strategy and staff and application of the Mann-Whitney test.
Abstract: Increase in globalization of capital markets brings the
higher requirements on financial information provided for investors
who look for a highly comparable information. Paper deals with the
advantages and limitations of applying International Financial
Reporting Standards (IFRS) in the Czech Republic and Ukraine. As a
greatest limit for full adoption of IFRS shall be acknowledged the
strong connection of continental accounting to tax system and
enormous high administrative burden for IFRS appliers.
Abstract: This paper presents a model of case based corporate
memory named ReCaRo (REsource, CAse, ROle). The approach
suggested in ReCaRo decomposes the domain to model through a set
of components. These components represent the objects developed by
the company during its activity. They are reused, and sometimes,
while bringing adaptations. These components are enriched by
knowledge after each reuse. ReCaRo builds the corporate memory on
the basis of these components. It models two types of knowledge: 1)
Business Knowledge, which constitutes the main knowledge capital
of the company, refers to its basic skill, thus, directly to the
components and 2) the Experience Knowledge which is a specialised
knowledge and represents the experience gained during the handling
of business knowledge. ReCaRo builds corporate memories which
are made up of five communicating ones.
Abstract: This paper tests the level of market integration between Malaysia and Singapore stock markets with the world market. Kalman Filter (KF) methodology is used on the International Capital Asset Pricing Model (ICAPM) and the pricing errors estimated within the framework of ICAPM are used as a measure of market integration or segmentation. The advantage of the KF technique is that it allows for time-varying coefficients in estimating ICAPM and hence able to capture the varying degree of market integration. Empirical results show clear evidence of varying degree of market integration for both case of Malaysia and Singapore. Furthermore, the results show that the changes in the level of market integration are found to coincide with certain economic events that have taken placed. The findings certainly provide evidence on the practicability of the KF technique to estimate stock markets integration. In the comparison between Malaysia and Singapore stock market, the result shows that the trends of the market integration indices for Malaysia and Singapore look similar through time but the magnitude is notably different with the Malaysia stock market showing greater degree of market integration. Finally, significant evidence of varying degree of market integration shows the inappropriate use of OLS in estimating the level of market integration.
Abstract: Environmental contamination is a common problem in ex-industrial and industrial sites. This article gives a brief description of general applied environmental investigation methodologies and possible remediation applications in Latvia. Most of contaminated areas are situated in former and active industrial, military areas and ports. Industrial and logistic activities very often have been with great impact for more than hundred years thus the contamination level with heavy metals, hydrocarbons, pesticides, persistent organic pollutants is high and is threatening health and environment in general. 242 territories now are numbered as contaminated and fixed in the National Register of contaminated territories in Latvia. Research and remediation of contamination in densely populated areas are of important environmental policy domain. Four different investigation case studies of contaminated areas are given describing the history of use, environmental quality assessment as well as planned environmental management actions. All four case study locations are situated in Riga - the capital of the Republic of Latvia. The aim of this paper is to analyze the situation and problems with management of contaminated areas in Latvia, give description of field research methods and recommendations for remediation industry based on scientific data and innovations.
Abstract: The purposes of this study are 1) to study the over 20-year attempt of Mahakan fort community to negotiate with Bangkok Metropolitan Administration (BMA) to remain in their residential area belonging to the state, and 2) to apply the new social and cultural dimension between the state and the community as an alternative for local participation in keeping their residential area. This is a qualitative research, and the findings reveal that the community claimed their ancestors’ right as owners of this piece of land for over 200 years. The community, therefore, requested to take part in the preservation of land, culture and local intellect and the area management in terms of being a learning resource on the cultural road in Rattanakosin Island. However, BMA imposed the law concerning the community area relocation in Rattanakosin Island. The result of law enforcement led to the failure of the area relocation, and the hard hit on physical structure of the area including the overall deterioration of the cultural road renovated in the year 1982, the 200 years’ celebration of Bangkok. The enforcement of law by the state required the move of the community, and the landscape improvement based on the capital city plan. However, this enforcement resulted in the unending conflicts between the community and the state, and the solution of this problem was unclear. At the same time the community has spent a long time opposing the state’s action, and preparing themselves by administrating the community behind Mahakan fortress with community administrative committee under the suggestion of external organization by registering all community members, providing funds for community administration. At the meantime the state lacked the continuation of the enforcement due to political problem and BMA’s administration problem. It is, therefore, suggested that an alternative solution to this problem lie at the negotiation between the state and the community with the purpose of the collaboration between the two to develop the area under the protective law of each side.
Abstract: Preparation and negotiation of innovative and future
projects can be characterized as a strategic-type decision situation,
involving many uncertainties and an unpredictable environment.
We will focus in this paper on the bidding process. It includes cooperative
and strategic decisions.
Our approach for bidding process knowledge capitalization is
aimed at information management in project-oriented organizations,
based on the MUSIC (Management and Use of Co-operative
Information Systems) model.
We will show how to capitalize the company strategic knowledge
and also how to organize the corporate memory. The result of the
adopted approach is improvement of corporate memory quality.
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: In this study, the locations and areas of commercial
accumulations were detected by using digital yellow page data. An
original buffering method that can accurately create polygons of
commercial accumulations is proposed in this paper.; by using this
method, distribution of commercial accumulations can be easily
created and monitored over a wide area. The locations, areas, and
time-series changes of commercial accumulations in the South Kanto
region can be monitored by integrating polygons of commercial
accumulations with the time-series data of digital yellow page data.
The circumstances of commercial accumulations were shown to vary
according to areas, that is, highly- urbanized regions such as the city
center of Tokyo and prefectural capitals, suburban areas near large
cities, and suburban and rural areas.
Abstract: This study was designed to determine effect of
supplemented tomato pomace and fobrolytic enzyme on egg
production and egg quality. A total of 40 CP brown laying hens (95
week old) were used in completely randomized design in 2x2
factorial arrangement with or without enzyme supplementation. Four
dietary treatments included: Control (C), Fibrolytic enzyme (FE),
10% Tomato pomace (TP), and Fibrolytic enzyme + 10 % Tomato
pomace (FE+TP). Each of the four dietary treatments was fed up to
30 days (10 birds/treatment). Live performance, egg production, egg
weight and quality were determined for whole period. Dietary
treatments had no effect (P>0.05) on live performance, egg weight,
yolk color, and egg production. Therefore, laying hens fed diets with
fibrolytic enzyme were significantly (P
Abstract: The aim of this paper is to investigate the effect of
mean size of industry on survival of new firms in East-Azarbaijan
province through 1981-2006 using hazard function. So the effect of
two variables including mean employment of industry and mean
capital of industry are investigated on firm's survival. The Industry &
Mine Ministry database has used for data gathering and the data are
analyzed using the semi-parametric cox regression model. The results
of this study shows that there is a meaningful negative relationship
between mean capital of industry and firm's survival, but the mean
employment of industry has no meaningful effect on survival of new
firms.
Abstract: A preliminary evaluation of the urban land system is
presented in the article together with the instruments of land policy in
Serbia. The main reason for the analysis is demand for
definition of reform framework for urban land management in
Serbia in the period of transition towards market-led system. It
is concluded that due to the limitations of the current regulation it
will be impossible in the future to apply market principles in the
urban land policy (supply and demand of land, land capitalization,
investment efficiency, et al.). Based on the estimation that the urban
land system and land policy are key factors of competitiveness
between regions and towns in Serbia, it is necessary to initiate
changes in this field. There are indicated on an option of privatization
of urban public land and possible establishment of leasehold land. A
comparative analysis of the possibilities of the reform urban land
system in Serbia has been carried out in relation to two approaches of
market systems: (a) with dominant private ownership of urban land
(neo/liberal approach) and (b) with dominant public ownership of
urban land (system of leasehold)whose findings can be a basis for
further study of the new system in Serbia.. The attanied results are
part of studies matter for the making of Strategy of territorial
development of Serbia.
Abstract: The recent development of Information and Communication Technology (ICT) enables new ways of "democratic" decision-making such as a page-ranking system, which estimates the importance of a web page based on indirect trust on that page shared by diverse group of unorganized individuals. These kinds of "democracy" have not been acclaimed yet in the world of real politics. On the other hand, a large amount of data about personal relations including trust, norms of reciprocity, and networks of civic engagement has been accumulated in a computer-readable form by computer systems (e.g., social networking systems). We can use these relations as a new type of social capital to construct a new democratic decision-making system based on a delegation network. In this paper, we propose an effective decision-making support system, which is based on empowering someone's vote whom you trust. For this purpose, we propose two new techniques: the first is for estimating entire vote distribution from a small number of votes, and the second is for estimating active voter choice to promote voting using a delegation network. We show that these techniques could increase the voting ratio and credibility of the whole decision by agent-based simulations.
Abstract: The city of Suceava, one of the most important
medieval capital of Moldova, owes its urban genesis to the power
center established in its territory at the turn of the thirteenth and
fourteenth centuries. Freed from the effective control exercised by
the Emir Nogai through Alanians, the local center of power evolved
as the main representative of the interests of indigenous people in
relation to the Hungarian Angevin dinasty and to their
representatives from Maramures. From this perspective, the political
and military role of the settlement of Suceava was archeologically
proved by the discovery of extensive fortifications, unrivaled in the
first half of the XIVth century-s Moldavia. At the end of that century,
voivod Peter I decides to move the capital of the state from Siret to
Suceava. That option stimulated the development of the settlement
on specific urban coordinates.
Abstract: In the competitive environment of aircraft industries it becomes absolutely necessary to improve the efficiency, performance of the aircrafts to reduce the development and operating costs considerably, in order to capitalize the market. An important contribution to improve the efficiency and performance can be
achieved by decreasing the aircraft weight through considerable
usage of composite materials in primary aircraft structures. In this study, a type of composite material called Carbon Fiber Reinforced
Plastic (CFRP) is explored for the usage is aircraft skin panels. Even
though there were plenty of studies and research has been already
carried out, here a practical example of an aircraft skin panel is taken
and substantiated the benefits of composites material usage over the
metallic skin panel. A crown skin panel of a commercial aircraft is
designed using both metal and composite materials. Stress analysis
has been carried out for both and margin of safety is estimated for the
critical load cases. The skin panels are compared for manufacturing,
tooling, assembly and cost parameters. Detail step by step comparison between metal and composite constructions are studied
and results are tabulated for better understanding.
Abstract: The need to evaluate and understand the natural
drainage pattern in a flood prone, and fast developing environment is
of paramount importance. This information will go a long way to
help the town planners to determine the drainage pattern, road
networks and areas where prominent structures are to be located. This
research work was carried out with the aim of studying the Bayelsa
landscape topography using digitized topographic information, and to
model the natural drainage flow pattern that will aid the
understanding and constructions of workable drainages. To achieve
this, digitize information of elevation and coordinate points were
extracted from a global imagery map. The extracted information was
modeled into 3D surfaces. The result revealed that the average
elevation for Bayelsa State is 12 m above sea level. The highest
elevation is 28 m, and the lowest elevation 0 m, along the coastline.
In Yenagoa the capital city of Bayelsa were a detail survey was
carried out showed that average elevation is 15 m, the highest
elevation is 25 m and lowest is 3 m above the mean sea level. The
regional elevation in Bayelsa, showed a gradation decrease from the
North Eastern zone to the South Western Zone. Yenagoa showed an
observed elevation lineament, were low depression is flanked by high
elevation that runs from the North East to the South west. Hence,
future drainages in Yenagoa should be directed from the high
elevation, from South East toward the North West and from the
North West toward South East, to the point of convergence which is
at the center that flows from South East toward the North West.
Bayelsa when considered on a regional Scale, the flow pattern is from
the North East to the South West, and also North South. It is
recommended that in the event of any large drainage construction at
municipal scale, it should be directed from North East to the South
West or from North to South. Secondly, detail survey should be
carried out to ascertain the local topography and the drainage pattern
before the design and construction of any drainage system in any part
of Bayelsa.
Abstract: Investment in a constructed facility represents a cost in
the short term that returns benefits only over the long term use of the
facility. Thus, the costs occur earlier than the benefits, and the owners
of facilities must obtain the capital resources to finance the costs of
construction. A project cannot proceed without an adequate
financing, and the cost of providing an adequate financing can be
quite large. For these reasons, the attention to the project finance is an
important aspect of project management. Finance is also a concern to
the other organizations involved in a project such as the general
contractor and material suppliers. Unless an owner immediately and
completely covers the costs incurred by each participant, these
organizations face financing problems of their own. At a more
general level, the project finance is the only one aspect of the general
problem of corporate finance. If numerous projects are considered
and financed together, then the net cash flow requirements constitute
the corporate financing problem for capital investment. Whether
project finance is performed at the project or at the corporate level
does not alter the basic financing problem .In this paper, we will first
consider facility financing from the owner's perspective, with due
consideration for its interaction with other organizations involved in a
project. Later, we discuss the problems of construction financing
which are crucial to the profitability and solvency of construction
contractors. The objective of this paper is to present the steps utilized
to determine the best combination of minimum project financing.
The proposed model considers financing; schedule and maximum net
area .The proposed model is called Project Financing and Schedule
Integration using Genetic Algorithms "PFSIGA". This model
intended to determine more steps (maximum net area) for any project
with a subproject. An illustrative example will demonstrate the
feature of this technique. The model verification and testing are put
into consideration.
Abstract: The article is about government programs and projects
and their description which are aimed at improving the socioeconomic
situation in the Republic of Kazakhstan. A brief historical
overview, as well as information about current socio-economic,
political and transitional contexts of the country are provided. Two
theories were described in the article to inform this descriptive study.
According to the United Nation's Development Reports for 2005 and
2011, the country's human development index (HDI) rose by several
points despite the socio-economic and political imbalances taking
place in the republic since it gained its independence in 1991. It is
stated in the article that government support programs are one of the
crucial factors that increase the population welfare which in its turn
may lead to reduction of social crisis processes in the country.
Abstract: This paper proposes a simple model of economic geography within the Dixit-Stiglitz-Iceberg framework that may be used to analyze migration patterns among three cities. The cost–benefit tradeoffs affecting incentives for three types of migration, including echelon migration, are discussed. This paper develops a tractable, heterogeneous-agent, general equilibrium model, where agents share constant human capital, and explores the relationship between the benefits of echelon migration and gross human capital. Using Chinese numerical solutions, we study the manifestation of echelon migration and how it responds to changes in transportation cost and elasticity of substitution. Numerical results demonstrate that (i) there are positive relationships between a migration-s benefit-and-wage ratio, (ii) there are positive relationships between gross human capital ratios and wage ratios as to origin and destination, and (iii) we identify 13 varieties of human capital convergence among cities. In particular, this model predicts population shock resulting from the processes of migration choice and echelon migration.
Abstract: In this paper, the modelling and design of artificial neural network architecture for load forecasting purposes is investigated. The primary pre-requisite for power system planning is to arrive at realistic estimates of future demand of power, which is known as Load Forecasting. Short Term Load Forecasting (STLF) helps in determining the economic, reliable and secure operating strategies for power system. The dependence of load on several factors makes the load forecasting a very challenging job. An over estimation of the load may cause premature investment and unnecessary blocking of the capital where as under estimation of load may result in shortage of equipment and circuits. It is always better to plan the system for the load slightly higher than expected one so that no exigency may arise. In this paper, a load-forecasting model is proposed using a multilayer neural network with an appropriately modified back propagation learning algorithm. Once the neural network model is designed and trained, it can forecast the load of the power system 24 hours ahead on daily basis and can also forecast the cumulative load on daily basis. The real load data that is used for the Artificial Neural Network training was taken from LDC, Gujarat Electricity Board, Jambuva, Gujarat, India. The results show that the load forecasting of the ANN model follows the actual load pattern more accurately throughout the forecasted period.