Abstract: In urban area, several landmarks may affect housing
price and rents, and hedonic analysis should employ distance variables
corresponding to each landmarks. Unfortunately, the effects of
distances to landmarks on housing prices are generally not consistent
with the true price. These distance variables may cause magnitude
error in regression, pointing a problem of spatial multicollinearity. In
this paper, we provided some approaches for getting the samples with
less bias and method on locating the specific sampling area to avoid
the multicollinerity problem in two specific landmarks case.
Abstract: Our goal is development of an algorithm capable of
predicting the directional trend of the Standard and Poor’s 500 index
(S&P 500). Extensive research has been published attempting to
predict different financial markets using historical data testing on an
in-sample and trend basis, with many authors employing excessively
complex mathematical techniques. In reviewing and evaluating these
in-sample methodologies, it became evident that this approach was
unable to achieve sufficiently reliable prediction performance for
commercial exploitation. For these reasons, we moved to an out-ofsample
strategy based on linear regression analysis of an extensive
set of financial data correlated with historical closing prices of the
S&P 500. We are pleased to report a directional trend accuracy of
greater than 55% for tomorrow (t+1) in predicting the S&P 500.
Abstract: The development of the United Arab Emirates (UAE)
into a regional trade, tourism, finance and logistics hub has
transformed its real estate markets. However, speculative activity and
price volatility remain concerns. UAE residential market values
(MV) are exposed to fluctuations in capital flows and migration
which, in turn, are affected by geopolitical uncertainty, oil price
volatility and global investment market sentiment. Internally, a
complex interplay between administrative boundaries, land tenure,
building quality and evolving location characteristics fragments UAE
residential property markets. In short, the UAE Residential Valuation
System (UAE-RVS) confronts multiple challenges to collect, filter
and analyze relevant information in complex and dynamic spatial and
capital markets. A robust (RVS) can mitigate the risk of unhelpful
volatility, speculative excess or investment mistakes. The research
outlines the institutional, ontological, dynamic and epistemological
issues at play. We highlight the importance of system capabilities,
valuation standard salience and stakeholders trust.
Abstract: Polysulfone (PSU) is a specialty engineering polymer
having various industrial applications. PSU is especially used in
waste water treatment membranes due to its good mechanical
properties, structural and chemical stability. But it is a hydrophobic
material and therefore its surface aim to pollute easily. In order to
resolve this problem and extend the properties of membrane, PSU
surface is rendered hydrophilic by addition of the sepiolite
nanofibers. Sepiolite is one of the natural clays, which is a hydrate
magnesium silicate fiber, also one of the well known layered clays of
the montmorillonites where has several unique channels and pores
within. It has also moisture durability, strength and low price.
Sepiolite channels give great capacity of absorption and good surface
properties. In this study, nanocomposites of commercial PSU and
Sepiolite were prepared by solvent mixing method. Different organic
solvents and their mixtures were used. Rheological characteristics of
PSU-Sepiolite solvent mixtures were analyzed, the solubility of
nanocomposite content in those mixtures were studied.
Abstract: Image or document encryption is needed through egovernment
data base. Really in this paper we introduce two matrices
images, one is the public, and the second is the secret (original). The
analyses of each matrix is achieved using the transformation of
singular values decomposition. So each matrix is transformed or
analyzed to three matrices say row orthogonal basis, column
orthogonal basis, and spectral diagonal basis. Product of the two row
basis is calculated. Similarly the product of the two column basis is
achieved. Finally we transform or save the files of public, row
product and column product. In decryption stage, the original image
is deduced by mutual method of the three public files.
Abstract: The continuous decline of petroleum and natural gas
reserves and non linear rise of oil price has brought about a
realisation of the need for a change in our perpetual dependence on
the fossil fuel. A day to day increased consumption of crude and
petroleum products has made a considerable impact on our foreign
exchange reserves. Hence, an alternate resource for the conversion of
energy (both liquid and gas) is essential for the substitution of
conventional fuels. Biomass is the alternate solution for the present
scenario. Biomass can be converted into both liquid as well as
gaseous fuels and other feedstocks for the industries.
Abstract: Contracting authorities in the public sector are
obligated to apply the principles provided for in the Polish law for the
evaluation and selection of contractors. In order to analyse the
methods of contractors selecting applied in practice by public clients,
the notices of contract award results for construction works were
analysed. The analysis shows that the procedure selected more and
more often is open competitive bidding, where the assessment of the
competence of contractors is not very precise, as well as noncompetitive
bidding, i.e. single source procurement. The share of
procurement procedures, where the only criterion is price, is
increasing. The solution to the problems existing here might be the
introduction of one of the forms of pre-selection of contractors. The
article also briefly discusses verification systems for companies
applying for public contracts used in EU countries.
Abstract: A strain of Monascus purpureus CMU001 was used to
prepare red yeast rice from Thai glutinous rice Korkor 6 (RD 6).
Adding of different amounts of histidine (156, 312, 625 and 1250 mg
in 100 g of rice grains)) under aerobic and air limitation (air-lock)
condition were used in solid fermentation. Determination of the yield
as well as monacolin K content was done. Citrinin content was also
determined in order to confirm the safety use of prepared red yeast
rice. It was found that under air-lock condition with 1250 mg of
histidine addition gave the highest yield of 37.40 g of dried red yeast
rice prepared from 100 g of rice. Highest 5.72 mg content of
monacolin K was obtained under air-lock condition with 312 mg
histidine addition. In the other hand, citrinin content was found to be
less than 24462 ng/g of all dried red yeast rice samples under the
experimental methods used in this work.
Abstract: The Simulation based VLSI Implementation of
FELICS (Fast Efficient Lossless Image Compression System)
Algorithm is proposed to provide the lossless image compression and
is implemented in simulation oriented VLSI (Very Large Scale
Integrated). To analysis the performance of Lossless image
compression and to reduce the image without losing image quality
and then implemented in VLSI based FELICS algorithm. In FELICS
algorithm, which consists of simplified adjusted binary code for
Image compression and these compression image is converted in
pixel and then implemented in VLSI domain. This parameter is used
to achieve high processing speed and minimize the area and power.
The simplified adjusted binary code reduces the number of arithmetic
operation and achieved high processing speed. The color difference
preprocessing is also proposed to improve coding efficiency with
simple arithmetic operation. Although VLSI based FELICS
Algorithm provides effective solution for hardware architecture
design for regular pipelining data flow parallelism with four stages.
With two level parallelisms, consecutive pixels can be classified into
even and odd samples and the individual hardware engine is
dedicated for each one. This method can be further enhanced by
multilevel parallelisms.
Abstract: In this study, attempt has been made to investigate the
relationship specifically the causal relation between fund unit prices
of Islamic equity unit trust fund which measure by fund NAV and the
selected macro-economic variables of Malaysian economy by using
VECM causality test and Granger causality test. Monthly data has
been used from Jan, 2006 to Dec, 2012 for all the variables. The
findings of the study showed that industrial production index,
political election and financial crisis are the only variables having
unidirectional causal relationship with fund unit price. However the
global oil price is having bidirectional causality with fund NAV.
Thus, it is concluded that the equity unit trust fund industry in
Malaysia is an inefficient market with respect to the industrial
production index, global oil prices, political election and financial
crisis. However the market is approaching towards informational
efficiency at least with respect to four macroeconomic variables,
treasury bill rate, money supply, foreign exchange rate, and
corruption index.
Abstract: This study examines the credibility of the signaling as
explanation for IPO initial underpricing. Findings reveal the initial
underpricing and the long-term underperformance of IPOs in Taiwan.
However, we only find weak support for signaling as explanation of
IPO underpricing.
Abstract: The continuous decline of petroleum and natural gas
reserves and non linear rise of oil price has brought about a
realisation of the need for a change in our perpetual dependence on
the fossil fuel. A day to day increased consumption of crude and
petroleum products has made a considerable impact on our foreign
exchange reserves. Hence, an alternate resource for the conversion of
energy (both liquid and gas) is essential for the substitution of
conventional fuels. Biomass is the alternate solution for the present
scenario. Biomass can be converted into both liquid as well as
gaseous fuels and other feedstocks for the industries.
Abstract: In this paper, we present preconditioned generalized
accelerated overrelaxation (GAOR) methods for solving certain
nonsingular linear system. We compare the spectral radii of the
iteration matrices of the preconditioned and the original methods. The
comparison results show that the preconditioned GAOR methods
converge faster than the GAOR method whenever the GAOR method
is convergent. Finally, we give two numerical examples to confirm our
theoretical results.
Abstract: Electricity spot prices are highly volatile under
optimal generation capacity scenarios due to factors such as nonstorability
of electricity, peak demand at certain periods, generator
outages, fuel uncertainty for renewable energy generators, huge
investments and time needed for generation capacity expansion etc.
As a result market participants are exposed to price and volume risk,
which has led to the development of risk management practices. This
paper provides an overview of risk management practices by market
participants in electricity markets using financial derivatives.
Abstract: The financial crises caused a collapse in prices of
most asset classes, raising the attention on alternative investments
such as sukuk, a smaller, fast growing but often misunderstood
market. We study diversification benefits of sukuk, their correlation
with other asset classes and the effects of their inclusion in
investment portfolios of institutional and retail investors, through a
comprehensive comparison of their risk/return profiles during and
after the financial crisis.
We find a beneficial performance adjusted for the specific
volatility together with a lower correlation especially during the
financial crisis. The distribution of sukuk returns is positively skewed
and leptokurtic, with a risk/return profile similarly to high yield
bonds. Overall, our results suggest that sukuk present diversification
opportunities, a significant volatility-adjusted performance and lower
correlations especially during the financial crisis.
Our findings are relevant for a number of institutional investors.
Long term investors, such as life insurers would benefit from sukuk’s
protective features during financial crisis yet keeping return and
growth opportunities, whereas banks would gain due to their role of
placers, advisors, market makers or underwriters.
Abstract: Key frame extraction methods select the most
representative frames of a video, which can be used in different areas
of video processing such as video retrieval, video summary, and video
indexing. In this paper we present a novel approach for extracting key
frames from video sequences. The frame is characterized uniquely by
his contours which are represented by the dominant blocks. These
dominant blocks are located on the contours and its near textures.
When the video frames have a noticeable changement, its dominant
blocks changed, then we can extracte a key frame. The dominant
blocks of every frame is computed, and then feature vectors are
extracted from the dominant blocks image of each frame and arranged
in a feature matrix. Singular Value Decomposition is used to calculate
sliding windows ranks of those matrices. Finally the computed ranks
are traced and then we are able to extract key frames of a video.
Experimental results show that the proposed approach is robust
against a large range of digital effects used during shot transition.
Abstract: Many problems in science and engineering field require
the solution of shifted linear systems with multiple right hand
sides and multiple shifts. To solve such systems efficiently, the
implicitly restarted global GMRES algorithm is extended in this
paper. However, the shift invariant property could no longer hold over
the augmented global Krylov subspace due to adding the harmonic
Ritz matrices. To remedy this situation, we enforce the collinearity
condition on the shifted system and propose shift implicitly restarted
global GMRES. The new method not only improves the convergence
but also has a potential to simultaneously compute approximate
solution for the shifted systems using only as many matrix vector
multiplications as the solution of the seed system requires. In
addition, some numerical experiments also confirm the effectiveness
of our method.
Abstract: Quality control helps industries in improvements of its
product quality and productivity. Statistical Process Control (SPC) is
one of the tools to control the quality of products that turning practice
in bringing a department of industrial engineering process under
control. In this research, the process control of a turning
manufactured at workshops machines. The varying measurements
have been recorded for a number of samples of a rice polished
cylinder obtained from a number of trials with the turning practice.
SPC technique has been adopted by the process is finally brought
under control and process capability is improved.
Abstract: Nanostructured catalysts were successfully prepared
by acidification of diatomite and regeneration of FCC spent catalysts.
The obtained samples were characterized by IR, XRD, SEM, EDX,
MAS-NMR (27Al and 29Si), NH3-TPD and tested in catalytic
pyrolysis of biomass (rice straw). The results showed that the similar
bio-oil yield of 41.4% can be obtained by pyrolysis with catalysts at
450oC as compared to that of the pyrolysis without catalyst at 550oC.
The bio-oil yield reached a maximum of 42.55% at the pyrolysis
temperature of 500oC with catalytic content of 20%. Moreover, by
catalytic pyrolysis, bio-oil quality was better as reflected in higher
ratio of H/C, lower ratio of O/C. This clearly indicated high
application potential of these new nanostructured catalysts in the
production of bio-oil with low oxygenated compounds.
Abstract: Weed suppression and weeding are necessary measures
for rice cultivation. Weed suppression precedes the process of
weeding. It means suppressing the growth of young weeds and
creating a weed-less environment. If we suppress the growth of weeds,
we can reduce the number of weeds in a paddy field. This would result
in a reduction of the weeding work load.
In this paper, we will show how we developed a weed suppression
robot for the purpose of reducing the weeding work load. The robot
has a laser range finder for autonomous mobility and a robot arm for
weed suppression. It travels along the rice rows without stepping on
and injuring the rice plants in a paddy field. The robot arm applies
force to the weed seedlings and thereby suppresses the growth of
weeds. This paper will explain the methodology of the autonomous
mobile, the experiment in weed suppression, and the method of
controlling the robot’s posture on uneven ground.