Abstract: We identify clawback triggers from firms- proxy
statements (Form DEF 14A) and use the likelihood of restatements to
proxy for financial reporting quality. Based on a sample of 578 U.S.
firms that voluntarily adopt clawback provisions during 2003-2009,
when restatement-based triggers could be decomposed into two types:
fraud and unintentional error, and we do observe the evidence that
using fraud triggers is associated with high financial reporting quality.
The findings support that fraud triggers can enhance deterrent effect of
clawback provision by establishing a viable disincentive against fraud,
misconduct, and otherwise harmful acts. These results are robust to
controlling for the compensation components, to different sample
specifications and to a number of sensitivity.
Abstract: Magnetic and semiconductor nanomaterials exhibit
novel magnetic and optical properties owing to their unique size and
shape-dependent effects. With shrinking the size down to nanoscale
region, various anomalous properties that normally not present in bulk
start to dominate. Ability in harnessing of these anomalous properties
for the design of various advance electronic devices is strictly
dependent on synthetic strategies. Hence, current research has focused
on developing a rational synthetic control to produce high quality
nanocrystals by using organometallic approach to tune both size and
shape of the nanomaterials. In order to elucidate the growth
mechanism, transmission electron microscopy was employed as a
powerful tool in performing real time-resolved morphologies and
structural characterization of magnetic (Fe3O4) and semiconductor
(ZnO) nanocrystals. The current synthetic approach is found able to
produce nanostructures with well-defined shapes. We have found that
oleic acid is an effective capping ligand in preparing oxide-based
nanostructures without any agglomerations, even at high temperature.
The oleate-based precursors and capping ligands are fatty acid
compounds, which are respectively originated from natural palm oil
with low toxicity. In comparison with other synthetic approaches in
producing nanostructures, current synthetic method offers an effective
route to produce oxide-based nanomaterials with well-defined shapes
and good monodispersity. The nanocystals are well-separated with
each other without any stacking effect. In addition, the as-synthesized
nanopellets are stable in terms of chemically and physically if
compared to those nanomaterials that are previous reported. Further
development and extension of current synthetic strategy are being
pursued to combine both of these materials into nanocomposite form
that will be used as “smart magnetic nanophotocatalyst" for industry
waste water treatment.
Abstract: commercially produced in Malaysia granular
palm shell activated carbon (PSAC) was biomodified with
bacterial biomass (Bacillus subtilis) to produce a hybrid
biosorbent of higher efficiency. The obtained biosorbent was
evaluated in terms of adsorption capacity to remove copper
and zinc metal ions from aqueous solutions. The adsorption
capacity was evaluated in batch adsorption experiments where
concentrations of metal ions varied from 20 to 350 mg/L. A
range of pH from 3 to 6 of aqueous solutions containing metal
ions was tested. Langmuir adsorption model was used to
interpret the experimental data. Comparison of the adsorption
data of the biomodified and original palm shell activated
carbon showed higher uptake of metal ions by the hybrid
biosorbent. A trend in metal ions uptake increase with the
increase in the solution-s pH was observed. The surface
characterization data indicated a decrease in the total surface
area for the hybrid biosorbent; however the uptake of copper
and zinc by it was at least equal to the original PSAC at pH 4
and 5. The highest capacity of the hybrid biosorbent was
observed at pH 5 and comprised 22 mg/g and 19 mg/g for
copper and zinc, respectively. The adsorption capacity at the
lowest pH of 3 was significantly low. The experimental results
facilitated identification of potential factors influencing the
adsorption of copper and zinc onto biomodified and original
palm shell activated carbon.
Abstract: This paper addresses parameter and state estimation problem in the presence of the perturbation of observer gain bounded input disturbances for the Lipschitz systems that are linear in unknown parameters and nonlinear in states. A new nonlinear adaptive resilient observer is designed, and its stability conditions based on Lyapunov technique are derived. The gain for this observer is derived systematically using linear matrix inequality approach. A numerical example is provided in which the nonlinear terms depend on unmeasured states. The simulation results are presented to show the effectiveness of the proposed method.
Abstract: In this work, a Modified Functional Link Artificial
Neural Network (M-FLANN) is proposed which is simpler than a
Multilayer Perceptron (MLP) and improves upon the universal
approximation capability of Functional Link Artificial Neural
Network (FLANN). MLP and its variants: Direct Linear Feedthrough
Artificial Neural Network (DLFANN), FLANN and
M-FLANN have been implemented to model a simulated Water Bath
System and a Continually Stirred Tank Heater (CSTH). Their
convergence speed and generalization ability have been compared.
The networks have been tested for their interpolation and
extrapolation capability using noise-free and noisy data. The results
show that M-FLANN which is computationally cheap, performs
better and has greater generalization ability than other networks
considered in the work.
Abstract: Batteries and fuel cells contain a great potential to back up severe photovoltaic power fluctuations under inclement weather conditions. In this paper comparison between batteries and fuel cells is carried out in detail only for their PV power backup options, so their common attributes and different attributes is discussed. Then, the common and different attributes are compared; accordingly, the fuel cell is selected as the backup of Photovoltaic system. Finally, environmental evaluation of the selected hybrid plant was made in terms of plant-s land requirement and lifetime CO2 emissions, and then compared with that of the conventional fossilfuel power generating forms.
Abstract: The amount of urban artificial heat which affects the
urban temperature rise in urban meteorology was investigated in order
to clarify the relationships between urbanization and urban
meteorology in this study.
The results of calculation to identify how urban temperate was
increased through the establishment of a model for measuring the
amount of urban artificial heat and theoretical testing revealed that the
amount of urban artificial heat increased urban temperature by plus or
minus 0.23 ˚ C in 2007 compared with 1996, statistical methods
(correlation and regression analysis) to clarify the relationships
between urbanization and urban weather were as follows.
New design techniques and urban growth management are
necessary from urban growth management point of view suggested
from this research at city design phase to decrease urban temperature
rise and urban torrential rain which can produce urban disaster in terms
of urban meteorology by urbanization.
Abstract: The Minimal Residual (MR) is modified for adaptive
filtering application. Three forms of MR based algorithm are
presented: i) the low complexity SPCG, ii) MREDSI, and iii)
MREDSII. The low complexity is a reduced complexity version of a
previously proposed SPCG algorithm. Approximations introduced
reduce the algorithm to an LMS type algorithm, but, maintain the
superior convergence of the SPCG algorithm. Both MREDSI and
MREDSII are MR based methods with Euclidean direction of search.
The choice of Euclidean directions is shown via simulation to give
better misadjustment compared to their gradient search counterparts.
Abstract: Modular fixtures (MFs) are very important tools in
manufacturing processes in terms of reduction the cost and the
production time. This paper introduces an automated approach for
assembling MFs elements by employing SolidWorks as a powerful
3D CAD software. Visual Basic (VB) programming language was
applied integrating with SolidWorks API (Application programming
interface) functions. This integration allowed creating plug-in file and
generating new menus in the SolidWorks environment. The menus
allow the user to select, insert, and assemble MFs elements.
Abstract: In this paper, we aim to investigate a new stability analysis for discrete-time switched linear systems based on the comparison, the overvaluing principle, the application of Borne-Gentina criterion and the Kotelyanski conditions. This stability conditions issued from vector norms correspond to a vector Lyapunov function. In fact, the switched system to be controlled will be represented in the Companion form. A comparison system relative to a regular vector norm is used in order to get the simple arrow form of the state matrix that yields to a suitable use of Borne-Gentina criterion for the establishment of sufficient conditions for global asymptotic stability. This proposed approach could be a constructive solution to the state and static output feedback stabilization problems.
Abstract: The need to have standards has always been a priority
of all the disciplines in the world. Today, standards such as XML and
USB are trying to create a universal interface for their respective
areas. The information regarding every family in the discipline
addressed, must have a lot in common, known as Metadata. A lot of
work has been done in specific domains such as IEEE LOM and
MPEG-7 but they do not appeal to the universality of creating
Metadata for all entities, where we take an entity (object) as, not
restricted to Software Terms. This paper tries to address this problem
of universal Metadata Definition which may lead to increase in
precision of search.
Abstract: Infrastructure investments are important in developing
countries, it will not only help to foster the economic growth of a
nation, but it will also act as a platform in which new forms of
partnership and collaboration can be developed mainly in East Asian
countries. Since the last two decades, many infrastructure projects
had been completed through build-operate-transfer (BOT) type of
procurement. The developments of BOT have attracted participation
of local and foreign private sector investor to secure funding and to
deliver projects on time, within the budget and to the required
specifications. Private sectors are preferred by the government in
East Asia to participate in BOT projects due to lack of public
funding. The finding has resulted that the private sector or promoter
of the BOT projects is exposed to multiple risks which have been
discussed in this paper. Effective risk management methods and
good managerial skills are required in ensuring the success of the
project. The review indicated that mitigation measures should be
employed by the promoter throughout the concession period and
support from the host government is also required in ensuring the
success of the BOT project.
Abstract: One of the processes of slope that occurs every year in Iran and some parts of world and cause a lot of criminal and financial harms is called landslide. They are plenty of method to stability landslide in soil and rock slides. The use of the best method with the least cost and in the shortest time is important for researchers. In this research, determining the best method of stability is investigated by using of Decision Support systems. DSS is made for this purpose and was used (for Hasan Salaran area in Kurdistan). Field study data from topography, slope, geology, geometry of landslide and the related features was used. The related data entered decision making managements programs (DSS) (ALES).Analysis of mass stability indicated the instability potential at present. Research results show that surface and sub surface drainage the best method of stabilizing. Analysis of stability shows that acceptable increase in security coefficient is a consequence of drainage.
Abstract: This paper presents a compact thermoelectric power generator system based on temperature difference across the element. The system can transfer the burning heat energy to electric energy directly. The proposed system has a thermoelectric generator and a power control box. In the generator, there are 4 thermoelectric modules (TEMs), each of which uses 2 thermoelectric chips (TEs) and 2 cold sinks, 1 thermal absorber, and 1 thermal conduction flat board. In the power control box, there are 1 storing energy device, 1 converter, and 1 inverter. The total net generating power is about 11W. This system uses commercial portable gas stoves or burns timber or the coal as the heat source, which is easily obtained. It adopts solid-state thermoelectric chips as heat inverter parts. The system has the advantages of being light-weight, quite, and mobile, requiring no maintenance, and havng easily-supplied heat source. The system can be used a as long as burning is allowed. This system works well for highly-mobilized outdoors situations by providing a power for illumination, entertainment equipment or the wireless equipment at refuge. Under heavy storms such as typhoon, when the solar panels become ineffective and the wind-powered machines malfunction, the thermoelectric power generator can continue providing the vital power.
Abstract: This study performs a comparative analysis of the 21 Greek Universities in terms of their public funding, awarded for covering their operating expenditure. First it introduces a DEA/MCDM model that allocates the fund into four expenditure factors in the most favorable way for each university. Then, it presents a common, consensual assessment model to reallocate the amounts, remaining in the same level of total public budget. From the analysis it derives that a number of universities cannot justify the public funding in terms of their size and operational workload. For them, the sufficient reduction of their public funding amount is estimated as a future target. Due to the lack of precise data for a number of expenditure criteria, the analysis is based on a mixed crisp-ordinal data set.
Abstract: The issue of unintentional islanding in PV grid
interconnection still remains as a challenge in grid-connected
photovoltaic (PV) systems. This paper discusses the overview of
popularly used anti-islanding detection methods, practically applied
in PV grid-connected systems. Anti-islanding methods generally can
be classified into four major groups, which include passive methods,
active methods, hybrid methods and communication base methods.
Active methods have been the preferred detection technique over the
years due to very small non-detected zone (NDZ) in small scale
distribution generation. Passive method is comparatively simpler
than active method in terms of circuitry and operations. However, it
suffers from large NDZ that significantly reduces its performance.
Communication base methods inherit the advantages of active and
passive methods with reduced drawbacks. Hybrid method which
evolved from the combination of both active and passive methods
has been proven to achieve accurate anti-islanding detection by many
researchers. For each of the studied anti-islanding methods, the
operation analysis is described while the advantages and
disadvantages are compared and discussed. It is difficult to pinpoint a
generic method for a specific application, because most of the
methods discussed are governed by the nature of application and
system dependent elements. This study concludes that the setup and
operation cost is the vital factor for anti-islanding method selection in
order to achieve minimal compromising between cost and system
quality.
Abstract: Blood pulse is an important human physiological signal commonly used for the understanding of the individual physical health. Current methods of non-invasive blood pulse sensing require direct contact or access to the human skin. As such, the performances of these devices tend to vary with time and are subjective to human body fluids (e.g. blood, perspiration and skin-oil) and environmental contaminants (e.g. mud, water, etc). This paper proposes a simulation model for the novel method of non-invasive acquisition of blood pulse using the disturbance created by blood flowing through a localized magnetic field. The simulation model geometry represents a blood vessel, a permanent magnet, a magnetic sensor, surrounding tissues and air in 2-dimensional. In this model, the velocity and pressure fields in the blood stream are described based on Navier-Stroke equations and the walls of the blood vessel are assumed to have no-slip condition. The blood assumes a parabolic profile considering a laminar flow for blood in major artery near the skin. And the inlet velocity follows a sinusoidal equation. This will allow the computational software to compute the interactions between the magnetic vector potential generated by the permanent magnet and the magnetic nanoparticles in the blood. These interactions are simulated based on Maxwell equations at the location where the magnetic sensor is placed. The simulated magnetic field at the sensor location is found to assume similar sinusoidal waveform characteristics as the inlet velocity of the blood. The amplitude of the simulated waveforms at the sensor location are compared with physical measurements on human subjects and found to be highly correlated.
Abstract: The authors present an algorithm for order reduction of linear dynamic systems using the combined advantages of stability equation method and the error minimization by Genetic algorithm. The denominator of the reduced order model is obtained by the stability equation method and the numerator terms of the lower order transfer function are determined by minimizing the integral square error between the transient responses of original and reduced order models using Genetic algorithm. The reduction procedure is simple and computer oriented. It is shown that the algorithm has several advantages, e.g. the reduced order models retain the steady-state value and stability of the original system. The proposed algorithm has also been extended for the order reduction of linear multivariable systems. Two numerical examples are solved to illustrate the superiority of the algorithm over some existing ones including one example of multivariable system.
Abstract: Green Forestation Plan (GFP) was expected to promote the reforestation of plains totaling 60,000 has within the first 8 years. Annual subsidies were budgeted at $120,000 per ha, and $2.4 million for 20 years. In this research we have surveyed landlords- opinions toward the GFP in an attempt to understand landlords- incentives for participating in the GFP and their levels of concern and agreement toward the policy design. Based our analysis of landlords- opinions on the policy design, we expect to derive appropriate complementary measures, establish effective promotional schemes, and raise the policy effectiveness of the GFP. According to the results of this research, there was still a relatively high proportion of population who were not aware of GFP; more than 50% of landlords were neutral or willing to participate given high reforestation subsidies; approximately 30% of landlords were unwilling to participate. In terms of the designs of GFP, more than 50% of respondents were concerned and agreed with the policy design. In terms of the period of this policy, 52.7% of respondents indicated that it should be shortened to 15 years or lower. In terms of the amount of the subsidy, 41.7% of respondents showed that it should be raised to approximately $250,000/ha. In terms of land area restrictions, 88.0% of respondents believed that the minimum should be lowered to 0.4 ha. More than 70% of respondents owned less than 0.4 has of land, and since they do not own enough land to be eligible for the program, more than 80% of landlords wished to lower the minimum requirements of land area. In addition, 59.3% of respondents were reluctant to participate in reforestation because their lands were too small to be eligible; 15.0% of respondents were reluctant because the duration was too long. Responses to the question about “how the policy can be adjusted to provide incentives for landlords- participation" revealed that almost 40% of respondents desired higher subsidies. Some policy suggestions are provided as follows: (1) many landlords are still unaware of the GFP so the government should enhance the promotion of the policy; (2) many landlords are unwilling to participate in GFP mainly because they do not own enough lands to be eligible, hence the government should consider adjusting its requirements for minimum agricultural land area; (3) for subsequent promotions on GFP, the government may consider targeting on the landlords with high income and high level of education; (4) because the subsidy of this policy alone provides limited help to landlords, the government should help the landlords to explore other revenue possibilities from afforestation in addition to the existing subsidies and raise the participation incentives.
Abstract: Limited competition has been a serious concern in infrastructure procurement. Importantly, however, there are normally a number of potential bidders initially showing interest in proposed projects. This paper focuses on tackling the question why these initially interested bidders fade out. An empirical problem is that no bids of fading-out firms are observable. They could decide not to enter the process at the beginning of the tendering or may be technically disqualified at any point in the selection process. The paper applies the double selection model to procurement data from road development projects in developing countries and shows that competition ends up restricted, because bidders are self-selective and auctioneers also tend to limit participation depending on the size of contracts.Limited competition would likely lead to high infrastructure procurement costs, threatening fiscal sustainability and economic growth.