Abstract: Previous studies on financial distress prediction choose
the conventional failing and non-failing dichotomy; however, the
distressed extent differs substantially among different financial
distress events. To solve the problem, “non-distressed”, “slightlydistressed”
and “reorganization and bankruptcy” are used in our article
to approximate the continuum of corporate financial health. This paper
explains different financial distress events using the two-stage method.
First, this investigation adopts firm-specific financial ratios, corporate
governance and market factors to measure the probability of various
financial distress events based on multinomial logit models.
Specifically, the bootstrapping simulation is performed to examine the
difference of estimated misclassifying cost (EMC). Second, this work
further applies macroeconomic factors to establish the credit cycle
index and determines the distressed cut-off indicator of the two-stage
models using such index. Two different models, one-stage and
two-stage prediction models are developed to forecast financial
distress, and the results acquired from different models are compared
with each other, and with the collected data. The findings show that the
one-stage model has the lower misclassification error rate than the
two-stage model. The one-stage model is more accurate than the
two-stage model.
Abstract: Africa enjoys some of the best solar radiation levels in
the world averaging between 4-6 kWh/m2/day for most of the year
and the global economic and political conditions that tend to make
African countries more dependent on their own energy resources
have caused growing interest in renewable energy based
technologies. However to-date, implementation of modern Energy
Technologies in Africa is still very low especially the use of solar
conversion technologies. This paper presents literature review and
analysis relating to the techno-economic feasibility of solar
photovoltaic power generation in Africa. The literature is basically
classified into the following four main categories. Techno-economic
feasibility of solar photovoltaic power generation, design methods,
performance evaluations of various systems and policy of potential
future of technological development of photovoltaic (PV) in Africa
by exploring the impact of alternative policy instruments and
technology cost reductions on the financial viability of investing solar
photovoltaic in Africa.
Abstract: Skin aging is a slow multifactorial process influenced
by both internal as well as external factors. Ultra-violet radiations
(UV), diet, smoking and personal habits are the most common
environmental factors that affect skin aging. Fat contents and fibrous
proteins as collagen and elastin are core internal structural
components. The direct influence of UV on elastin integrity and
health is central on aging of skin especially by time. The deposition
of abnormal elastic material is a major marker in a photo-aged skin.
Searching for compounds that may protect against cutaneous photodamage
is exceedingly valued. Retinoids and alpha hydroxy acids
have been endorsed by some researchers as possible candidates for
protecting and or repairing the effect of UV damaged skin. For
consolidating a better system of anti- and protective effects of such
anti-aging agents, we evaluated the combinatory effects of various
dosages of lactic acid and retinol on the dermal fibroblast’s elastin
levels exposed to UV. The UV exposed cells showed significant
reduction in the elastin levels. A combination of drugs with a higher
concentration of lactic acid (30 -35 mM) and a lower concentration of
retinol (10-15mg/mL) showed to work better in maintaining elastin
concentration in UV exposed cells. We assume this preservation
could be the result of increased tropo-elastin gene expression
stimulated by retinol whereas lactic acid probably repaired the UV
irradiated damage by enhancing the amount and integrity of the
elastin fibers.
Abstract: In this paper, effects of using Alumina-water
nanofluid on the rate of heat transfer have been investigated
numerically. Physical model is a square enclosure with insulated top
and bottom horizontal walls, while the vertical walls are kept at
different constant temperatures. Two appropriate models are used to
evaluate the viscosity and thermal conductivity of nanofluid. The
governing stream-vorticity equations are solved using a second order
central finite difference scheme, coupled to the conservation of mass
and energy. The study has been carried out for the Richardson
number 0.1 to 10 and the solid volume fraction 0 to 0.04. Results are
presented by isotherms lines, average Nusselt number and normalized
Nusselt number in different range of φ and Ri for forced, combined
and natural convection dominated regime. It is found that higher heat
transfer rate is predicted when the effects of nanoparticle is taken into
account.
Abstract: A well designed and executed Production Planning
and Control (PPC) system is one of the key levers for superior
performance in the current manufacturing set-up. Hence, measuring
the PPC system performance has become a necessity for long term
success. The present study examined PPC related issues which
impact the production capacity and productivity of leather companies
with special focus on Kombolcha Tannery Share Company (KTSC),
Ethiopia. Physical observation, interview, and questionnaire were
used to generate necessary information from the respondents and
reach valid conclusions. Company annual reports were referred and
analyzed to triangulate primary data. Consequently, the study
revealed that KTSC runs below its capacity due to its inefficient PPC
system being in use for which the root causes were identified. The
study thereby conceptualizes a PPC system improvement framework
comprising three pillars viz., management culture, internal capability
and performance measurement together with key considerations in
each case. The study findings enable the company to recognize the
importance of efficient PPC system as a source of competitive
advantage. It also aid managers in evaluating various PPC execution
schemes to enhance productivity.
Abstract: The purpose of this study is to investigate the kinematic
characteristics and differences of the snatch barbell trajectory of 53 kg
class female weight lifters. We take the 2014 Taiwan College Cup
players as examples, and tend to make kinematic applications through
the proven weightlifting barbell track system. The competition videos
are taken by consumer camcorder with a tripod which set up at the side
of the lifter. The results will be discussed in three parts, the first part is
various lifting phase, the second part is the compare lifting between
success and unsuccessful, and the third part is to compare the
outstanding player with the general. Conclusion through the barbell
can be used to observe the trajectories of our players lifting the usual
process cannot be observed in the presence of malfunction or habits, so
that the coach can find the problem and guide the players more
accurately. Our system can be applied in practice and competition to
increase the resilience of the lifter on the field.
Abstract: Poly vinyl acetate (PVA)-based titania (TiO2)–carbon
nanotube composite nanofibers (PVA-TCCNs) with various
PVA-to-solvent ratios and PVA-based TiO2 composite nanofibers
(PVA-TN) were synthesized using an electrospinning process,
followed by thermal treatment. The photocatalytic activities of these
nanofibers in the degradation of airborne monocyclic aromatics under
visible-light irradiation were examined. This study focuses on the
application of these photocatalysts to the degradation of the target
compounds at sub-part-per-million indoor air concentrations. The
characteristics of the photocatalysts were examined using scanning
electron microscopy, X-ray diffraction, ultraviolet-visible
spectroscopy, and Fourier-transform infrared spectroscopy. For all the
target compounds, the PVA-TCCNs showed photocatalytic
degradation efficiencies superior to those of the reference PVA-TN.
Specifically, the average photocatalytic degradation efficiencies for
benzene, toluene, ethyl benzene, and o-xylene (BTEX) obtained using
the PVA-TCCNs with a PVA-to-solvent ratio of 0.3 (PVA-TCCN-0.3)
were 11%, 59%, 89%, and 92%, respectively, whereas those observed
using PVA-TNs were 5%, 9%, 28%, and 32%, respectively.
PVA-TCCN-0.3 displayed the highest photocatalytic degradation
efficiency for BTEX, suggesting the presence of an optimal
PVA-to-solvent ratio for the synthesis of PVA-TCCNs. The average
photocatalytic efficiencies for BTEX decreased from 11% to 4%, 59%
to 18%, 89% to 37%, and 92% to 53%, respectively, when the flow
rate was increased from 1.0 to 4.0 L min1. In addition, the average
photocatalytic efficiencies for BTEX increased 11% to ~0%, 59% to
3%, 89% to 7%, and 92% to 13%, respectively, when the input
concentration increased from 0.1 to 1.0 ppm. The prepared
PVA-TCCNs were effective for the purification of airborne aromatics
at indoor concentration levels, particularly when the operating
conditions were optimized.
Abstract: Electroencephalogram (EEG) is a noninvasive
technique that registers signals originating from the firing of neurons
in the brain. The Emotiv EEG Neuroheadset is a consumer product
comprised of 14 EEG channels and was used to record the reactions
of the neurons within the brain to two forms of stimuli in 10
participants. These stimuli consisted of auditory and visual formats
that provided directions of ‘right’ or ‘left.’ Participants were
instructed to raise their right or left arm in accordance with the
instruction given. A scenario in OpenViBE was generated to both
stimulate the participants while recording their data. In OpenViBE,
the Graz Motor BCI Stimulator algorithm was configured to govern
the duration and number of visual stimuli. Utilizing EEGLAB under
the cross platform MATLAB®, the electrodes most stimulated during
the study were defined. Data outputs from EEGLAB were analyzed
using IBM SPSS Statistics® Version 20. This aided in determining
the electrodes to use in the development of a brain-machine interface
(BMI) using real-time EEG signals from the Emotiv EEG
Neuroheadset. Signal processing and feature extraction were
accomplished via the Simulink® signal processing toolbox. An
Arduino™ Duemilanove microcontroller was used to link the Emotiv
EEG Neuroheadset and the right and left Mecha TE™ Hands.
Abstract: The mixed micellization of adiphenine hydrochloride (ADP) with 1-decyl-3-methylimidazolium chloride (C10mim.Cl), was investigated at different mole fractions and temperatures by surface tension measurements. The synergistic behavior (i.e., non-ideal behavior) for binary mixtures was explained by the deviation of critical micelle concentration (cmc) from ideal critical micelle concentration (cmc*), micellar mole fraction (Xim) from ideal micellar mole fraction (Xiideal), the values of interaction parameter (β) and activity coefficients (fi) (for both mixed micelles and mixed monolayer). The excess free energy (ΔGex) for the ADP- C10mim.Cl binary mixtures explain the stability of mixed micelles in comparison to micelles of pure ADP and C10mim.Cl. Interfacial parameters, i.e., Gibbs surface excess (Гmax), minimum head group area at air/ water
interface (Amin), and free energy of micellization (ΔG0m) were also evaluated for the systems.
Abstract: This paper presents powerful techniques for the
development of a new monitoring method based on multi-scale
entropy (MSE) in order to characterize the behaviour of the
concentrations of different gases present in the synthesis of Ammonia
and soft-sensor based on Principal Component Analysis (PCA).
Abstract: Co metal supported on SiO2 and Al2O3 catalysts with
a metal loading varied from 30 of 70 wt.% were evaluated for
decomposition of methane to COx free hydrogen and carbon
nanomaterials. The catalytic runs were carried out from 550-800oC
under atmospheric pressure using fixed bed vertical flow reactor. The
fresh and spent catalysts were characterized by BET surface area
analyzer, XRD, SEM, TEM and TG analysis. The data showed that
50% Co/Al2O3 catalyst exhibited remarkable higher activity at 800oC
with respect to H2 production compared to rest of the catalysts.
However, the catalytic activity and durability was greatly declined at
higher temperature. The main reason for the catalytic inhibition of Co
containing SiO2 catalysts is the higher reduction temperature of
Co2SiO4. TEM images illustrate that the carbon materials with
various morphologies, carbon nanofibers (CNFs), helical-shaped
CNFs and branched CNFs depending on the catalyst composition and
reaction temperature were obtained.
Abstract: Lipases constitute one of the most important groups of
industrial enzymes that catalyze the hydrolysis of triacylglycerol to
glycerol and fatty acids. Muscarinic antagonist relieves smooth
muscle spasm of the gastrointestinal tract and effect on the
cardiovascular system. In this research the effect of a muscarinic
antagonist on the lipase activity of Pseudomonas aeruginosa was
studied. Lineweaver–Burk plot showed that the drug inhibited the
enzyme by competitive inhibition. The IC50 value (0.16 mM) and Ki
(0.03 mM) of the drug revealed the drug bound to enzyme with high
affinity. Determination of enzyme activity in various pH and
temperature showed that the maximum activity of lipase was at pH 8
and 60oC both in presence and absence of the drug.
Abstract: In this study, several crossplots of the P-impedance
with the lithology logs (gamma ray, neutron porosity, deep resistivity,
water saturation and Vp/Vs curves) were made in three available
wells, which were drilled in central part of the Blue Nile basin in
depths varies from 1460m to 1600m. These crossplots were
successful to discriminate between sand and shale when using PImpedance
values, and between the wet sand and the pay sand when
using both P-impedance and Vp/Vs together. Also some impedance
sections were converted to porosity sections using linear formula to
characterize the reservoir in terms of porosity. The used crossplots
were created on log resolution, while the seismic resolution can
identify only the reservoir, unless a 3D seismic angle stacks were
available; then it would be easier to identify the pay sand with great
confidence; through high resolution seismic inversion and
geostatistical approach when using P-impedance and Vp/Vs volumes.
Abstract: The objective of this study was to evaluate the
physical and chemical characteristics of Serra da Estrela cheese and
compare these results with those of the sensory analysis. For the
study were taken six samples of Serra da Estrela cheese produced
with 6 different ecotypes of thistle in a dairy situated in Penalva do
Castelo. The chemical properties evaluated were moisture content,
protein, fat, ash, chloride and pH; the physical properties studied
were color and texture; and finally a sensory evaluation was
undertaken. The results showed moisture varying in the range 40-
48%, protein in the range 15-20%, fat between 41-45%, ash between
3.9-5.0% and chlorides varying from 1.2 to 3.0%. The pH varied
from 4.8 to 5.4. The textural properties revealed that the crust
hardness is relatively low (maximum 7.3 N), although greater than
flesh firmness (maximum 1.7 N), and also that these cheeses are in
fact soft paste type, with measurable stickiness and intense
adhesiveness. The color analysis showed that the crust is relatively
light (L* over 50), and with a predominant yellow coloration (b*
around 20 or over) although with a slight greenish tone (a* negative).
The results of the sensory analysis did not show great variability for
most of the attributes measured, although some differences were
found in attributes such as crust thickness, crust uniformity, and
creamy flesh.
Abstract: Flours of wheat, chestnut, acorn and lupin were
evaluated in relation to phenolic compounds, antioxidant activity, and
oxalate content. At the chemical level the results show some
variability between samples by type of flour, and the sample of
chestnut flour presented the higher value of oxalate (0.00348
mg/100g) when compared to the other samples in the study.
Considering the content of phenolic compounds, the sample that
stood out was the acorn flour, having a high value of 0.812 g
AGE/100 g. All the samples presented intermediate content of
antioxidant activity and the sample that showed a slightly higher
value was the wheat flour with a value of 0.746 mM TRE/g sample.
Abstract: Emissions of atmospheric pollutants from ships and
harbour activities are a growing concern at international level given
their potential impacts on air quality and climate. These close-to-land
emissions have potential impact on local communities in terms of air
quality and health. Recent studies show that the impact of maritime
traffic to atmospheric particulate matter concentrations in several
coastal urban areas is comparable with the impact of road traffic of a
medium size town. However, several different approaches have been
used for these estimates making difficult a direct comparison of
results. In this work, an integrated approach based on emission
inventories and dedicated measurement campaigns has been applied
to give a comparable estimate of the impact of maritime traffic to
PM2.5 and particle number concentrations in three major harbours of
the Adriatic/Ionian Seas. The influences of local meteorology and of
the logistic layout of the harbours are discussed.
Abstract: This article deals with geographical conditions in
terrain and their effect on the movement of vehicles, their effect on
speed and safety of movement of people and vehicles. Finding of the
optimal routes outside the communication is studied in the Army
environment, but it occur in civilian as well, primarily in crisis
situation, or by the provision of assistance when natural disasters
such as floods, fires, storms etc., have happened. These movements
require the optimization of routes when effects of geographical
factors should be included. The most important factor is the surface
of a terrain. It is based on several geographical factors as are slopes,
soil conditions, micro-relief, a type of surface and meteorological
conditions. Their mutual impact has been given by coefficient of
deceleration. This coefficient can be used for the commander`s
decision. New approaches and methods of terrain testing,
mathematical computing, mathematical statistics or cartometric
investigation are necessary parts of this evaluation.
Abstract: In this study, we compare the profiles of transitory
hybrid entrepreneurs and persistent hybrid entrepreneurs to determine
how they differ. Hybrid entrepreneurs (HEs) represent a significant
share of entrepreneurial activity yet little is known about them. We
define HEs as individuals who are active as entrepreneurs but do no
support themselves primarily by their enterprise. Persistent HEs
(PHEs) are not planning to transition to fulltime entrepreneurship
whereas transitory HEs (THEs) consider it probable. Our results
show that THEs and PHEs are quite similar in background. THEs are
more interested in increasing their turnover than PHEs, as expected,
but also emphasize self-fulfillment as a motive for entrepreneurship
more than PHEs. The clearest differences between THEs and PHEs
are found in their views on how well their immediate circle supports
full-time entrepreneurship, and their views of their own
entrepreneurial abilities and the market potential of their firm. Our
results support earlier arguments that hybrids should be considered
separately in research on entrepreneurial entry and self-employment.
Abstract: In this paper, performances of shuffled frog leaping
algorithm was investigated on the stealth laser dicing process. Effect
of problem on the performance of the algorithm was based on the
tolerance of meandering data. From the customer specification it
could be less than five microns with the target of zero microns.
Currently, the meandering levels are unsatisfactory when compared
to the customer specification. Firstly, the two-level factorial design
was applied to preliminarily study the statistically significant effects
of five process variables. In this study one influential process variable
is integer. From the experimental results, the new operating condition
from the algorithm was superior when compared to the current
manufacturing condition.
Abstract: Content Based Image Retrieval (CBIR) coupled with
Case Based Reasoning (CBR) is a paradigm that is becoming
increasingly popular in the diagnosis and therapy planning of medical
ailments utilizing the digital content of medical images. This paper
presents a survey of some of the promising approaches used in the
detection of abnormalities in retina images as well in
mammographic screening and detection of regions of interest
in MRI scans of the brain. We also describe our proposed
algorithm to detect hard exudates in fundus images of the
retina of Diabetic Retinopathy patients.