Abstract: Modern Portfolio Theory (MPT) according to
Markowitz states that investors form mean-variance efficient
portfolios which maximizes their utility. Markowitz proposed the
standard deviation as a simple measure for portfolio risk and the
lower semi-variance as the only risk measure of interest to rational
investors. This paper uses a third volatility estimator based on
intraday data and compares three efficient frontiers on the Croatian
Stock Market. The results show that range-based volatility estimator
outperforms both mean-variance and lower semi-variance model.
Abstract: In this work, we attempt to analyze the contribution of
innovative activities to firm performance and growth. We examine
economic data from some of the economies that were heavily
affected by current economic crisis: the countries of southern Europe
(Portugal, Italy, Greece and Spain) and Ireland. Following literature,
an appropriate econometric model is developed and several indicators
are tested in order to disclose possible relation with innovative
activity. Findings confirm the crucial effect of innovative process in
economic activity, in firm and country level.
Abstract: To determine the potential of a low cost Irish
engineered timber product to replace high cost solid timber for use in
bending active structures such as gridshells a single Irish engineered
timber product in the form of orientated strand board (OSB) was
selected. A comparative study of OSB and solid timber was carried
out to determine the optimum properties that make a material suitable
for use in gridshells. Three parameters were identified to be relevant
in the selection of a material for gridshells. These three parameters
are the strength to stiffness ratio, the flexural stiffness of
commercially available sections, and the variability of material and
section properties. It is shown that when comparing OSB against
solid timber, OSB is a more suitable material for use in gridshells that
are at the smaller end of the scale and that have tight radii of
curvature. Typically, for solid timber materials, stiffness is used as an
indicator for strength and engineered timber is no different. Thus, low
flexural stiffness would mean low flexural strength. However, when
it comes to bending active gridshells, OSB offers a significant
advantage. By the addition of multiple layers, an increased section
size is created, thus endowing the structure with higher stiffness and
higher strength from initial low stiffness and low strength materials
while still maintaining tight radii of curvature. This allows OSB to
compete with solid timber on large scale gridshells. Additionally, a
preliminary sustainability study using a set of sustainability indicators
was carried out to determine the relative sustainability of building a
large-scale gridshell in Ireland with a primary focus on economic
viability but a mention is also given to social and environmental
aspects. For this, the Savill garden gridshell in the UK was used as
the functional unit with the sustainability of the structural roof
skeleton constructed from UK larch solid timber being compared
with the same structure using Irish OSB. Albeit that the advantages of
using commercially available OSB in a bending active gridshell are
marginal and limited to specific gridshell applications, further study
into an optimised engineered timber product is merited.
Abstract: We assessed the ecology of the organic and mineral soil
layers of laurel-leaved (BB-1) and Cryptomeria japonica (BB-2 and Pw)
forests in the Kasugayama Hill Primeval Forest (Nara, Japan). The soil
respiration rate was higher in the deeper horizons (F and H) of organic
layers than in those of mineral soil layers, suggesting organic layers
may be where active microbial metabolism occurs. Respiration rates in
the soil of BB-1, BB-2 and Pw forests were closely similar at 5 and 10°C.
However, the soil respiration rate increased in proportion to
temperatures of 15°C or above. We therefore consider the activity of
soil microorganisms to markedly decrease at temperatures below 10°C.
At a temperature of 15°C or above, the soil respiration rate in the BB-1
organic layers was higher than in those of the BB-2 and Pw organic
layers, due to differences in forest vegetation that appeared to
influence several salient soil properties, particularly pH and the carbon
(C) and nitrogen (N) content of the F and H horizons.
Abstract: The capability of CNC gantry milling machines in
manufacturing long components has caused the expanded use of such
machines. On the other hand, the machines’ gantry rigidity can
reduce under severe loads or vibration during operation. Indeed, the
quality of machining is dependent on the machine’s dynamic
behavior throughout the operating process. For this reason, these
types of machines have always been used widely and are not
efficient. Therefore, they can usually be employed for rough
machining and may not produce adequate surface finishing. In this
paper, a CNC gantry milling machine with the potential to produce
good surface finish has been designed and analyzed. The lowest
natural frequency of this machine is 202 Hz corresponding to 12000
rpm at all motion amplitudes with a full range of suitable frequency
responses. Meanwhile, the maximum deformation under dead loads
for the gantry machine is 0.565*m, indicating that this machine tool
is capable of producing higher product quality.
Abstract: The main aim of the presented experiments is to
improve behaviour of sandwich structures under dynamic loading,
such as crash or explosion. This paper describes experimental
investigation on the response of new advanced materials to low and
high velocity load. Blast wave energy absorbers were designed using
two types of porous lightweight raw particle materials based on
expanded glass and ceramics with dimensions of 0.5-1 mm,
combined with polymeric binder. The effect of binder amount on the
static and dynamic properties of designed materials was observed.
Prism shaped specimens were prepared and loaded to obtain physicomechanical
parameters – bulk density, compressive and flexural
strength under quasistatic load, the dynamic response was determined
using Split Hopkinson Pressure bar apparatus. Numerical
investigation of the material behaviour in sandwich structure was
performed using implicit/explicit solver LS-Dyna. As the last step,
the developed material was used as the interlayer of blast resistant
litter bin, and it´s functionality was verified by real field blast tests.
Abstract: In this paper we present the efficient parallel
implementation of elastoplastic problems based on the TFETI (Total
Finite Element Tearing and Interconnecting) domain decomposition
method. This approach allow us to use parallel solution and compute
this nonlinear problem on the supercomputers and decrease the
solution time and compute problems with millions of DOFs. In
our approach we consider an associated elastoplastic model with
the von Mises plastic criterion and the combination of linear
isotropic-kinematic hardening law. This model is discretized by
the implicit Euler method in time and by the finite element
method in space. We consider the system of nonlinear equations
with a strongly semismooth and strongly monotone operator. The
semismooth Newton method is applied to solve this nonlinear
system. Corresponding linearized problems arising in the Newton
iterations are solved in parallel by the above mentioned TFETI. The
implementation of this problem is realized in our in-house MatSol
packages developed in MatLab.
Abstract: Power Regeneration in Refrigeration Plant concept
has been analyzed and has been shown to be capable of saving about
25% power in Cryogenic Plants with the Power Regeneration System
(PRS) running under nominal conditions. The innovative component
Compressor Expander Group (CEG) based on turbomachinery has
been designed and built modifying CETT compressor and expander,
both selected for optimum plant performance. Experiments have
shown the good response of the turbomachines to run with R404a as
working fluid. Power saving up to 12% under PRS derated conditions
(50% loading) has been demonstrated. Such experiments allowed
predicting a power saving up to 25% under CEG full load.
Abstract: Now in some countries of the world the cellular
market is on the point of saturation, in others - positive dynamics of
development kept on. The reasons for it are also different, but there
are united by their general susceptibility to innovation changes, if
they are really innovative. If to take as an example the cellular market
of Kazakhstan it is defined by the low percent of smart phones at
consumers, the low population density, undercapacity of the 3G
channel, and absence of universal access to the LTE technology that
limits dynamical growth of this branch. These moments are
aggravated by failures of starting commercial projects by private
companies which prevent to be implemented and widely adopted to a
new product among consumers. The object of the research is possible
integration of wireless and program technologies at which
introduction the idea can regenerate in an innovation. The analysis of
existing projects in the market and the possible union of the
technologies through a prism of theoretical bases of innovative
activity shows that efficiency of the company by development and
introduction of innovations is possible only thanks to strict
observance of all terms and conditions of the innovative process
which main term is profit. Despite that fact that on a global scale the
innovativeness issue of companies is very popular, there are no
researches about possibility of innovative breaks in the field of
wireless access to the Internet in the cellular market of Kazakhstan.
Abstract: The present work describes the implementation of the
Enhanced Collaborative Optimization (ECO) multilevel architecture
with a gradient-based optimization algorithm with the aim of
performing a multidisciplinary design optimization of a generic
unmanned aerial vehicle with morphing technologies. The concepts
of weighting coefficient and dynamic compatibility parameter are
presented for the ECO architecture. A routine that calculates the
aircraft performance for the user defined mission profile and vehicle’s
performance requirements has been implemented using low fidelity
models for the aerodynamics, stability, propulsion, weight, balance
and flight performance. A benchmarking case study for evaluating
the advantage of using a variable span wing within the optimization
methodology developed is presented.
Abstract: Advances in the use of health care technology have
resulted in increased adverse events (AEs) related to the use of
medical devices. The study focused on the existing reporting systems.
This study was conducted in a tertiary care public sector hospital.
Devices included Syringe infusion pumps, Cardiac monitors, Pulse
oximeters, Ventilators and Defibrillators. A total of 211 respondents
were recruited. Interviews were held with 30 key informants. Medical
records were scrutinized. Relevant statistical tests were used.
Resident doctors reported maximum frequency of AEs, followed
by nurses; and least by consultants. A significant association was
found between the cadre of health care personnel and awareness that
the patients and bystanders have a risk of sustaining AE. Awareness
regarding reporting of AEs was low, and it was generally done
verbally. Other critical findings are discussed in the light of the
barriers to reporting, reasons for non-compliance, recording system,
and so on.
Abstract: Exact solution of an unsteady flow of elastico-viscous
fluid through a porous media in a tube of ellipsoidal cross section
under the influence of constant pressure gradient has been obtained in
this paper. Initially, the flow is generated by a constant pressure
gradient. After attaining the steady state, the pressure gradient is
suddenly withdrawn and the resulting fluid motion in a tube of
ellipsoidal cross section by taking into account of the porosity factor
of the bounding surface is investigated. The problem is solved in twostages
the first stage is a steady motion in tube under the influence of
a constant pressure gradient, the second stage concern with an
unsteady motion. The problem is solved employing separation of
variables technique. The results are expressed in terms of a nondimensional
porosity parameter (K) and elastico-viscosity parameter
(β), which depends on the Non-Newtonian coefficient. The flow
parameters are found to be identical with that of Newtonian case as
elastic-viscosity parameter tends to zero and porosity tends to
infinity. It is seen that the effect of elastico-viscosity parameter and
the porosity parameter of the bounding surface has significant effect
on the velocity parameter.
Abstract: This study aimed to identify the alignment of
understanding and assessment practices among secondary school
teachers. The study was carried out using quantitative descriptive
study. The sample consisted of 164 teachers who taught Form 1 and 2
from 11 secondary schools in the district of North Kinta, Perak,
Malaysia. Data were obtained from 164 respondents who answered
Expectation Alignment Understanding and Practices of School
Assessment (PEKDAPS) questionnaire. The data were analysed
using SPSS 17.0+. The Cronbach’s alpha value obtained through
PEKDAPS questionnaire pilot study was 0.86. The results showed
that teachers' performance in PEKDAPS based on the mean value
was less than 3, which means that perfect alignment does not occur
between the understanding and practices of school assessment. Two
major PEKDAPS sub-constructs of articulation across grade and age
and usability of the system were higher than the moderate alignment
of the understanding and practices of school assessment (Min=2.0).
The content focused of PEKDAPs sub-constructs which showed
lower than the moderate alignment of the understanding and practices
of school assessment (Min=2.0). Another two PEKDAPS subconstructs
of transparency and fairness and the pedagogical
implications showed moderate alignment (2.0). The implications of
the study is that teachers need to fully understand the importance of
alignment among components of assessment, learning and teaching
and learning objectives as strategies to achieve quality assessment
process.
Abstract: This paper discusses the design and analysis of a
hybrid PV-Fuel cell energy system destined to power a DC load. The
system is composed of a photovoltaic array, a fuel cell, an
electrolyzer and a hydrogen tank. HOMER software is used in this
study to calculate the optimum capacities of the power system
components that their combination allows an efficient use of solar
resource to cover the hourly load needs. The optimal system sizing
allows establishing the right balance between the daily electrical
energy produced by the power system and the daily electrical energy
consumed by the DC load using a 28 KW PV array, a 7.5 KW fuel
cell, a 40KW electrolyzer and a 270 Kg hydrogen tank. The variation
of powers involved into the DC bus of the hybrid PV-fuel cell system
has been computed and analyzed for each hour over one year: the
output powers of the PV array and the fuel cell, the input power of
the elctrolyzer system and the DC primary load. Equally, the annual
variation of stored hydrogen produced by the electrolyzer has been
assessed. The PV array contributes in the power system with 82%
whereas the fuel cell produces 18%. 38% of the total energy
consumption belongs to the DC primary load while the rest goes to
the electrolyzer.
Abstract: The article deals with modelling of the fire
pragmatism in the area of military management and its experimental
verification. Potential approaches are based on the synergy of
mathematical and theoretical ideas, operational and tactical
requirements and the military decision-making process. This issue
has taken on importance in recent times, particularly with the
increasing trend of digitized battlefield, the development of C4ISR
systems and intention to streamline the command and control process
at the lowest levels of command. From fundamental and
philosophical point of view, these new approaches seek to
significantly upgrade and enhance the decision-making process of the
tactical commanders.
Abstract: Urban Search and Rescue (USAR) is a functional
capability that has been developed to allow the United Kingdom Fire
and Rescue Service to deal with ‘major incidents’ primarily involving
structural collapse. The nature of the work undertaken by USAR
means that staying out of a damaged or collapsed building structure is
not usually an option for search and rescue personnel. As a result
there is always a risk that they themselves could become victims. For
this paper, a systematic and investigative review using desk research
was undertaken to explore the role which structural engineering can
play in assisting search and rescue personnel to conduct structural
assessments when in the field. The focus is on how search and rescue
personnel can assess damaged and collapsed building structures, not
just in terms of structural damage that may been countered, but also
in relation to structural stability. Natural disasters, accidental
emergencies, acts of terrorism and other extreme events can vary
significantly in nature and ferocity, and can cause a wide variety of
damage to building structures. It is not possible or, even realistic, to
provide search and rescue personnel with definitive guidelines and
procedures to assess damaged and collapsed building structures as
there are too many variables to consider. However, understanding
what implications damage may have upon the structural stability of a
building structure will enable search and rescue personnel to better judge
and quantify risk from a life-safety standpoint. It is intended that this
will allow search and rescue personnel to make informed decisions
and ensure every effort is made to mitigate risk, so that they
themselves do not become victims.
Abstract: The building sector is responsible, in many
industrialized countries, for about 40% of the total energy
requirements, so it seems necessary to devote some efforts in this
area in order to achieve a significant reduction of energy
consumption and of greenhouse gases emissions.
The paper presents a study aiming at providing a design
methodology able to identify the best configuration of the system
building/plant, from a technical, economic and environmentally point
of view.
Normally, the classical approach involves a building's energy
loads analysis under steady state conditions, and subsequent selection
of measures aimed at improving the energy performance, based on
previous experience made by architects and engineers in the design
team. Instead, the proposed approach uses a sequence of two wellknown
scientifically validated calculation methods (TRNSYS and
RETScreen), that allow quite a detailed feasibility analysis.
To assess the validity of the calculation model, an existing,
historical building in Central Italy, that will be the object of
restoration and preservative redevelopment, was selected as a casestudy.
The building is made of a basement and three floors, with a
total floor area of about 3,000 square meters.
The first step has been the determination of the heating and
cooling energy loads of the building in a dynamic regime by means,
which allows simulating the real energy needs of the building in
function of its use. Traditional methodologies, based as they are on
steady-state conditions, cannot faithfully reproduce the effects of
varying climatic conditions and of inertial properties of the structure.
With this model is possible to obtain quite accurate and reliable
results that allow identifying effective combinations building-HVAC
system.
The second step has consisted of using output data obtained as
input to the calculation model, which enables to compare different
system configurations from the energy, environmental and financial
point of view, with an analysis of investment, and operation and
maintenance costs, so allowing determining the economic benefit of
possible interventions.
The classical methodology often leads to the choice of
conventional plant systems, while our calculation model provides a
financial-economic assessment for innovative energy systems and
low environmental impact.
Computational analysis can help in the design phase, particularly
in the case of complex structures with centralized plant systems, by
comparing the data returned by the calculation model for different
design options.
Abstract: Comparing other methods of waste water treatment,
constructed wetlands are one of the most fascinating practices
because being a natural process they are eco-friendly have low
construction and maintenance cost and have considerable capability
of wastewater treatment. The current research was focused mainly on
comparison of Ranunculus muricatus and Typha latifolia as wetland
plants for domestic wastewater treatment by designing and
constructing efficient pilot scale horizontal subsurface flow
mesocosms. Parameters like chemical oxygen demand, biological
oxygen demand, phosphates, sulphates, nitrites, nitrates, and
pathogenic indicator microbes were studied continuously with
successive treatments. Treatment efficiency of the system increases
with passage of time and with increase in temperature. Efficiency of
T. latifolia planted setups in open environment was fairly good for
parameters like COD and BOD5 which was showing reduction up to
82.5% for COD and 82.6% for BOD5 while DO was increased up to
125%. Efficiency of R. muricatus vegetated setup was also good but
lowers than that of T. latifolia planted showing 80.95% removal of
COD and BOD5. Ranunculus muricatus was found effective in
reducing bacterial count in wastewater. Both macrophytes were
found promising in wastewater treatment.
Abstract: New physical insights into the nonlinear Lorenz
equations related to flow resistance is discussed in this work. The
chaotic dynamics related to Lorenz equations has been studied in
many papers, which is due to the sensitivity of Lorenz equations to
initial conditions and parameter uncertainties. However, the physical
implication arising from Lorenz equations about convectional motion
attracts little attention in the relevant literature. Therefore, as a first
step to understand the related fluid mechanics of convectional motion,
this paper derives the Lorenz equations again with different forced
conditions in the model. Simulation work of the modified Lorenz
equations without the viscosity or buoyancy force is discussed. The
time-domain simulation results may imply that the states of the
Lorenz equations are related to certain flow speed and flow resistance.
The flow speed of the underlying fluid system increases as the flow
resistance reduces. This observation would be helpful to analyze the
coupling effects of different fluid parameters in a convectional model
in future work.
Abstract: Thin-walled elements with a matrix set on a base of
high-valuable Portland cement with dispersed reinforcement from
alkali-resistant glass fibres are used in a range of applications as
claddings of buildings and infrastructure constructions as well as
various architectural elements of residential buildings.
Even though their elementary thickness and therefore total weight
is quite low, architects and building companies demand on even
further decreasing of the bulk density of these fibre-cement elements
for the reason of loading elimination of connected superstructures
and easier assembling in demand conditions.
By the means of various kinds of light-weight aggregates it is
possible to achieve light-weighing of these composite elements.
From the range of possible fillers with different material properties
granulated expanded glass worked the best.
By the means of laboratory testing an effect of two fillers based on
expanded glass on the fibre reinforced cement composite was
verified.
Practical applicability was tested in the production of commonly
manufactured glass fibre reinforced concrete elements, such as
channels for electrical cable deposition, products for urban equipment
and especially various cladding elements.
Even though these are not structural elements, it is necessary to
evaluate also strength characteristics and resistance to environment
for their durability in certain applications.