Abstract: Constructing a portfolio of investments is one of the
most significant financial decisions facing individuals and
institutions. In accordance with the modern portfolio theory
maximization of return at minimal risk should be the investment goal
of any successful investor. In addition, the costs incurred when
setting up a new portfolio or rebalancing an existing portfolio must
be included in any realistic analysis.
In this paper rebalancing an investment portfolio in the presence of
transaction costs on the Croatian capital market is analyzed. The
model applied in the paper is an extension of the standard portfolio
mean-variance optimization model in which transaction costs are
incurred to rebalance an investment portfolio. This model allows
different costs for different securities, and different costs for buying
and selling. In order to find efficient portfolio, using this model, first,
the solution of quadratic programming problem of similar size to the
Markowitz model, and then the solution of a linear programming
problem have to be found. Furthermore, in the paper the impact of
transaction costs on the efficient frontier is investigated. Moreover, it
is shown that global minimum variance portfolio on the efficient
frontier always has the same level of the risk regardless of the amount
of transaction costs. Although efficient frontier position depends of
both transaction costs amount and initial portfolio it can be concluded
that extreme right portfolio on the efficient frontier always contains
only one stock with the highest expected return and the highest risk.
Abstract: The Ombudsman is a procedural mechanism that
provides a different approach of dispute resolution. The ombudsman
primarily deals with specific grievances from the public against
governmental injustice and misconduct. The ombudsman theory is
considered an important instrument to any democratic government.
This is true since it improves the transparency of the governmental
activities in a world in which executive power are rising. Many
countries have adopted the concept of Ombudsman but under
different terminologies. This paper will provide the different types of
Ombudsman and the common activities/processes of fulfilling their
mandates.
Abstract: The restrained construction zoning, an important part
in the urban master plan, is a necessary planning tool to control the city
sprawl, to guarantee the reservation implementation of the various
types of protective elements, and to realize the storage of the essential
urban spatial resources. Simultaneously, owing to the diverse
constitutes of restrained construction area and the various stakeholders
involved in, its planning requires an overall consideration of all
elements from the perspective of coordination+, balance and
practicability to deal with the problems and conflicts in this process.
Taking Yangzijin Ecological Restrained Construction Area in
Yangzhou as an example, this study analyzes all the potential actors,
agencies and stakeholders in this restrained construction area, as well
as the relevant conflicts between each other. Besides, this study tries to
build up a planning procedure based on the framework of governance
theory, and proposes a possible planning method that combines
"rigidity" and "flexibility" to protect the ecological limitation
boundary, to take every interest into account, and to promote economic
development in a harmonious society.
Abstract: In this letter, we explore exact solutions for the
Horava-Lifshitz gravity. We use of an extension of this theory with
first order dynamical lapse function. The equations of motion have
been derived in a fully consistent scenario. We assume that there
are some spherically symmetric families of exact solutions of this
extended theory of gravity. We obtain exact solutions and investigate
the singularity structures of these solutions. Specially, an exact
solution with the regular horizon is found.
Abstract: Fiber Bragg optic sensor is embedded in composite
material to detect and monitor the damage that occurs in composite
structures. In this paper, we deal with the mode-Ι delamination to
determine the material strength to crack propagation, using the
coupling mode theory and T-matrix method to simulate the FBGs
spectrum for both uniform and non-uniform strain distribution. The
double cantilever beam test is modeled in FEM to determine the
longitudinal strain. Two models are implemented, the first is the
global half model, and the second is the sub-model to represent the
FBGs with higher refined mesh. This method can simulate damage in
composite structures and converting strain to a wavelength shifting in
the FBG spectrum.
Abstract: Physical properties of uranium dinitride (UN2) were
investigated in detail using first principle calculations based on
density functional theory (DFT). To study the strong correlation
effects due to 5f uranium valence electrons, the on-site coulomb
interaction correction U via the Hubbard-like term (DFT+U) was
employed. The UN2 structural, mechanical and thermodynamic
properties were calculated within DFT and Various U of DFT+U
approach.
The Perdew–Burke–Ernzerhof (PBE.5.2) version of the
generalized gradient approximation (GGA) is used to describe the
exchange-correlation with the projector-augmented wave (PAW)
pseudo potentials.
A comparative study shows that results are improved by using the
Hubbard formalism for a certain U value correction like the structural
parameter. For some physical properties the variation versus
Hubbard-U is strong like Young modulus but for others it is weakly
noticeable such as bulk modulus.
We noticed also that from U=7.5 eV, elastic results don’t agree
with the cubic cell because of the C44 values which turn out to be
negative.
Abstract: In this paper we describe one critical research
program within a complex, ongoing multi-year project (2010 to 2014
inclusive) with the overall goal to improve the learning outcomes for
first year undergraduate commerce/business students within an
Information Systems (IS) subject with very large enrolment. The
single research program described in this paper is the analysis of
student attitudes and decision making in relation to the availability of
formative assessment feedback via Web-based real time conferencing
and document exchange software (Adobe Connect). The formative
assessment feedback between teaching staff and students is in respect
of an authentic problem-based, team-completed assignment. The
analysis of student attitudes and decision making is investigated via
both qualitative (firstly) and quantitative (secondly) application of the
Theory of Planned Behavior (TPB) with a two statistically-significant
and separate trial samples of the enrolled students. The initial
qualitative TPB investigation revealed that perceived self-efficacy,
improved time-management, and lecturer-student relationship
building were the major factors in shaping an overall favorable
student attitude to online feedback, whilst some students expressed
valid concerns with perceived control limitations identified within the
online feedback protocols. The subsequent quantitative TPB
investigation then confirmed that attitude towards usage, subjective
norms surrounding usage, and perceived behavioral control of usage
were all significant in shaping student intention to use the online
feedback protocol, with these three variables explaining 63 percent of
the variance in the behavioral intention to use the online feedback
protocol. The identification in this research of perceived behavioral
control as a significant determinant in student usage of a specific
technology component within a virtual learning environment (VLE)
suggests that VLEs could now be viewed not as a single, atomic
entity, but as a spectrum of technology offerings ranging from the
mature and simple (e.g., email, Web downloads) to the cutting-edge
and challenging (e.g., Web conferencing and real-time document
exchange). That is, that all VLEs should not be considered the same.
The results of this research suggest that tertiary students have the
technological sophistication to assess a VLE in this more selective
manner.
Abstract: A Motzkin shift is a mathematical model for constraints
on genetic sequences. In terms of the theory of symbolic dynamics,
the Motzkin shift is nonsofic, and therefore, we cannot use the Perron-
Frobenius theory to calculate its topological entropy. The Motzkin
shift M(M,N) which comes from language theory, is defined to be the
shift system over an alphabet A that consists of N negative symbols,
N positive symbols and M neutral symbols. For an x in the full shift,
x will be in the Motzkin subshift M(M,N) if and only if every finite
block appearing in x has a non-zero reduced form. Therefore, the
constraint for x cannot be bounded in length. K. Inoue has shown that
the entropy of the Motzkin shift M(M,N) is log(M + N + 1). In this
paper, a new direct method of calculating the topological entropy of
the Motzkin shift is given without any measure theoretical discussion.
Abstract: This study is used as a definition method to the value
and function in manufacturing sector. In concurrence of discussion
about present condition of modeling method, until now definition of
1D-CAE is ambiguity and not conceptual. Across all the physic fields,
those methods are defined with the formulation of differential
algebraic equation which only applied time derivation and simulation.
At the same time, we propose semi-acausal modeling concept and
differential algebraic equation method as a newly modeling method
which the efficiency has been verified through the comparison of
numerical analysis result between the semi-acausal modeling
calculation and FEM theory calculation.
Abstract: The study of organisations’ information security
cultures has attracted scholars as well as healthcare services industry
to research the topic and find appropriate tools and approaches to
develop a positive culture. The vast majority of studies in Saudi
national health services are on the use of technology to protect and
secure health services information. On the other hand, there is a lack
of research on the role and impact of an organisation’s cultural
dimensions on information security. This research investigated and
analysed the role and impact of cultural dimensions on information
security in Saudi Arabia health service. Hypotheses were tested and
two surveys were carried out in order to collect data and information
from three major hospitals in Saudi Arabia (SA). The first survey
identified the main cultural-dimension problems in SA health
services and developed an initial information security culture
framework model. The second survey evaluated and tested the
developed framework model to test its usefulness, reliability and
applicability. The model is based on human behaviour theory, where
the individual’s attitude is the key element of the individual’s
intention to behave as well as of his or her actual behaviour. The
research identified a set of cultural and sub-cultural dimensions in SA
health information security and services.
Abstract: The paper deals with the usage of speech acts and
politeness strategies in an EFL classroom in Georgia (Rep of). It
explores the students’ and the teachers’ practice of the politeness
strategies and the speech acts of apology, thanking, request,
compliment / encouragement, command, agreeing / disagreeing,
addressing and code switching. The research method includes
observation as well as a questionnaire. The target group involves the
students from Georgian public schools and two certified, experienced
local English teachers. The analysis is based on Searle’s Speech Act
Theory and Brown and Levinson’s politeness strategies. The findings
show that the students have certain knowledge regarding politeness
yet they fail to apply them in English communication. In addition,
most of the speech acts from the classroom interaction are used by
the teachers and not the students. Thereby, it is suggested that
teachers should cultivate the students’ communicative competence
and attempt to give them opportunities to practise more English
speech acts than they do today.
Abstract: In this work, we study the behavior of introducing
atomic size vacancy in a graphene nanoribbon superlattice. Our
investigations are based on the density functional theory (DFT) with
the Local Density Approximation in Atomistix Toolkit (ATK). We
show that, in addition to its shape, the position of vacancy has a
major impact on the electrical properties of a graphene nanoribbon
superlattice. We show that the band gap of an armchair graphene
nanoribbon may be tuned by introducing an appropriate periodic
pattern of vacancies. The band gap changes in a zig-zag manner
similar to the variation of band gap of a graphene nanoribbon by
changing its width.
Abstract: The problem of psychologist training remains a key
priority in Armenia. During the Soviet period, the notion of a
psychologist was obscure not only in Armenia but also in other
Soviet republics. The breakup of the Soviet Union triggered a gradual
change in this area activating the cooperation with specialists from
other countries. The need for recovery from the psychological trauma
caused by the 1988 earthquake pushed forward the development of
practical psychology in Armenia. This phenomenon led to positive
changes in perception of and interest to a psychologist
profession.Armenian universities started designing special programs
for psychologists’ preparation. Armenian psychologists combined
their efforts in the field of training relevant specialists.
During the recent years, the Bologna educational system was
introduced in Armenia which led to implementation of education
quality improvement programs. Nevertheless, even today the issue of
psychologists’ training is not yet settled in Armenian universities. So
far graduate psychologists haven’t got a clear idea of personal and
professional qualities of a psychologist. Recently, as a result of
educational reforms, the psychology curricula underwent changes,
but so far they have not led to a desired outcome. Almost all curricula
in certain specialties are aimed to form professional competencies
and strengthen practical skills.
A survey conducted in Armenia aimed to identify what are the
ideas of young psychology specialists on the image of a psychologist.
The survey respondents were 45 specialists holding bachelor’s degree
as well as 30 master degree graduates, who have not been working
yet. The research reveals that we need to change the approach of
preparing psychology practitioners in the universities of Armenia.
Such an approach to psychologist training will make it possible to
train qualified specialists for enhancement of modern psychology
theory and practice.
Abstract: Adsorption of a boron nitride nanotube (BNNT) was
examined toward ethylacetylene (C4H6) molecule by using density
functional theory (DFT) calculations at the B3LYP/6-31G (d) level,
and it was found that the adsorption energy (Ead) of ethylacetylene
the pristine nanotubes is about -1.60kcal/mol. But when nanotube has
been doped with Si and Al atoms, the adsorption energy of
ethylacetylene molecule was increased. Calculation showed that
when the nanotube is doping by Al, the adsorption energy is about -
24.19kcal/mol and also the amount of HOMO/LUMO energy gap
(Eg) will reduce significantly. Boron nitride nanotube is a suitable
adsorbent for ethylacetylene and can be used in separation processes
ethylacetylene. It is seem that nanotube (BNNT) is a suitable
semiconductor after doping, and the doped BNNT in the presence of
ethylacetylene an electrical signal is generating directly and therefore
can potentially be used for ethylacetylene sensors.
Abstract: Food as perishable goods represents a specific and
sensitive part in the supply chain theory, since changing physical or
chemical characteristics considerably influence the approach to stock
management. The most delicate phase of this process is
transportation, where it becomes difficult to ensure the stable
conditions which limit deterioration, since the value of the
deterioration rate could be easily influenced by the mode of
transportation. The fuzzy definition of variables allows one to take
these variations into account. Furthermore, an appropriate choice of
the defuzzification method permits one to adapt results to real
conditions as far as possible. In this article those methods which take
into account the relationship between the deterioration rate of
perishable goods and transportation by ship will be applied with the
aim of (a) minimizing the total cost function, defined as the sum of
the ordering cost, holding cost, disposing cost and transportation
costs, and (b) improving the supply chain sustainability by reducing
environmental impact and waste disposal costs.
Abstract: Web-based Cognitive Writing Instruction (WeCWI)’s
contribution towards language development can be divided into
linguistic and non-linguistic perspectives. In linguistic perspective,
WeCWI focuses on the literacy and language discoveries, while the
cognitive and psychological discoveries are the hubs in non-linguistic
perspective. In linguistic perspective, WeCWI draws attention to free
reading and enterprises, which are supported by the language
acquisition theories. Besides, the adoption of process genre approach
as a hybrid guided writing approach fosters literacy development.
Literacy and language developments are interconnected in the
communication process; hence, WeCWI encourages meaningful
discussion based on the interactionist theory that involves input,
negotiation, output, and interactional feedback. Rooted in the elearning
interaction-based model, WeCWI promotes online
discussion via synchronous and asynchronous communications,
which allows interactions happened among the learners, instructor,
and digital content. In non-linguistic perspective, WeCWI highlights
on the contribution of reading, discussion, and writing towards
cognitive development. Based on the inquiry models, learners’
critical thinking is fostered during information exploration process
through interaction and questioning. Lastly, to lower writing anxiety,
WeCWI develops the instructional tool with supportive features to
facilitate the writing process. To bring a positive user experience to
the learner, WeCWI aims to create the instructional tool with
different interface designs based on two different types of perceptual
learning style.
Abstract: This paper presents observations on the early
supervised internships in Psychology, currently called basic
internships in Brazil, and its importance in professional training. The
work is an experience report and focuses on the Professional training,
illustrated by the reality of a Brazilian institution, used as a case
study. It was developed from the authors' experience as academic
supervisors of this kind of practice throughout this undergraduate
course, combined with aspects investigated in the post-doctoral
research of one of them. Theoretical references on the subject and
related national legislation are analyzed, as well as reports of students
who experienced at least one semester of this type of practice,
articulated to the observations of the authors. The results demonstrate
the importance of the early supervised internships as a way of
creating opportunities for the students of a first contact with the
professional reality and the practice of psychologists in different
fields of insertion, preparing them for further experiments that require
more involvement in activities of training and practices in
Psychology.
Abstract: The classroom of the 21st century is an ever changing
forum for new and innovative thoughts and ideas. With increasing
technology and opportunity, students have rapid access to
information that only decades ago would have taken weeks to obtain.
Unfortunately, new techniques and technology are not the cure for
the fundamental problems that have plagued the classroom ever since
education was established. Class size has been an issue long debated
in academia. While it is difficult to pin point an exact number, it is
clear that in this case more does not mean better. By looking into the
success and pitfalls of classroom size the true advantages of smaller
classes will become clear. Previously, one class was comprised of 50
students. Being seventeen and eighteen- year- old students,
sometimes it was quite difficult for them to stay focused. To help
them understand and gain much knowledge, a researcher introduced
“The Theory of Multiple Intelligence” and this, in fact, enabled
students to learn according to their own learning preferences no
matter how they were being taught. In this lesson, the researcher
designed a cycle of learning activities involving all intelligences so
that everyone had equal opportunities to learn.
Abstract: In this paper, the dynamic characteristics of a threelobe
journal bearing lubricated with micropolar fluids are determined
by the linear stability theory. Lubricating oil containing additives and
contaminants is modelled as micropolar fluid. The modified
Reynolds equation is obtained using the micropolar lubrication theory
.The finite difference technique has been used to determine the
solution of the modified Reynolds equation. The dynamic
characteristics in terms of stiffness, damping coefficients, the critical
mass and whirl ratio are determined for various values of size of
material characteristic length and the coupling number. The
computed results show that the three-lobe bearing lubricated with
micropolar fluid exhibits better stability compared with that
lubricated with Newtonian fluid. According to the results obtained,
the effect of the parameter micropolar fluid is remarkable on the
dynamic characteristics and stability of the three-lobe bearing.
Abstract: Environmental management implementation is
presently one of the ways of organization success and value
improvement. Increasing an organization motivation to
environmental measures introduction is caused primarily by the rising
pressure of the society that generates various incentives to endeavor
for the environmental performance improvement.
The aim of the paper is to identify and characterize the key
incentives and expectations leading organizations to the
environmental management implementation. The author focuses on
five businesses of different size and field, operating in the Czech
Republic. The qualitative approach and grounded theory procedure
are used in research.
The results point out that the significant incentives for
environmental management implementation represent primarily
demands of customers, the opportunity to declare the environmental
commitment and image improvement. The researched enterprises less
commonly expect the economical contribution, competitive
advantage increase or export rate improvement. The results show that
marketing contributions are primarily expected from the
environmental management implementation.