Abstract: This paper employs a the variable returns to scale DEA
model to take account of risky assets and estimate the operating
efficiencies for the 21 domestic listed securities firms during the
period 2005-2009. Evidence is found that on average the brokerage
securities firms- operating efficiencies are better than integrated
securities firms. Evidence is also found that the technical inefficiency
from inappropriate management constitutes the main source of the
operating inefficiency for both types of securities firms. Moreover, the
scale economies prevail in brokerage and integrated securities firms,
in other words, which exhibit the characteristic of increasing returns to
scale.
Abstract: In this work, we present a reliable framework to solve boundary value problems with particular significance in solid mechanics. These problems are used as mathematical models in deformation of beams. The algorithm rests mainly on a relatively new technique, the Variational Iteration Method. Some examples are given to confirm the efficiency and the accuracy of the method.
Abstract: The present study was designed to test the influence
of confirmed expectations, perceived usefulness and perceived
competence on e-learning satisfaction among university teachers. A
questionnaire was completed by 125 university teachers from 12
different universities in Norway. We found that 51% of the variance
in university teachers- satisfaction with e-learning could be explained
by the three proposed antecedents. Perceived usefulness seems to be
the most important predictor of teachers- satisfaction with e-learning.
Abstract: Trace element speciation of an integrated soil
amendment matrix was studied with a modified BCR sequential
extraction procedure. The analysis included pseudo-total
concentration determinations according to USEPA 3051A and
relevant physicochemical properties by standardized methods. Based
on the results, the soil amendment matrix possessed neutralization
capacity comparable to commercial fertilizers. Additionally, the
pseudo-total concentrations of all trace elements included in the
Finnish regulation for agricultural fertilizers were lower than the
respective statutory limit values. According to chemical speciation,
the lability of trace elements increased in the following order: Hg <
Cr < Co < Cu < As < Zn < Ni < Pb < Cd < V < Mo < Ba. The
validity of the BCR approach as a tool for chemical speciation was
confirmed by the additional acid digestion phase. Recovery of trace
elements during the procedure assured the validity of the approach
and indicated good quality of the analytical work.
Abstract: Different types of Islamic debts have been
increasingly utilized as preferred means of debt funding by
Malaysian private firms in recent years. This study examines the
impact of Islamic debts announcement on private firms- stock
returns. Our sample includes forty five listed companies on Bursa
Malaysia involved in issuing of Islamic debts during 2005 to 2008.
The abnormal returns and cumulative average abnormal returns are
calculated and tested using standard event study methodology. The
results show that a significant, negative abnormal return occurs one
day before announcement date. This negative abnormal return is
representing market participant-s adverse attitude toward Islamic
private debt announcement during the research period.
Abstract: Knowing about the customer behavior in a grocery has
been a long-standing issue in the retailing industry. The advent of
RFID has made it easier to collect moving data for an individual
shopper's behavior. Most of the previous studies used the traditional
statistical clustering technique to find the major characteristics of
customer behavior, especially shopping path. However, in using the
clustering technique, due to various spatial constraints in the store,
standard clustering methods are not feasible because moving data such
as the shopping path should be adjusted in advance of the analysis,
which is time-consuming and causes data distortion. To alleviate this
problem, we propose a new approach to spatial pattern clustering
based on the longest common subsequence. Experimental results using
real data obtained from a grocery confirm the good performance of the
proposed method in finding the hot spot, dead spot and major path
patterns of customer movements.
Abstract: Some fast exact algorithms for the maximum weight clique problem have been proposed. Östergard’s algorithm is one of them. Kumlander says his algorithm is faster than it. But we confirmed that the straightforwardly implemented Kumlander’s algorithm is slower than O¨ sterga˚rd’s algorithm. We propose some improvements on Kumlander’s algorithm.
Abstract: Assembly line balancing is a very important issue in
mass production systems due to production cost. Although many
studies have been done on this topic, but because assembly line
balancing problems are so complex they are categorized as NP-hard
problems and researchers strongly recommend using heuristic
methods. This paper presents a new heuristic approach called the
critical task method (CTM) for solving U-shape assembly line
balancing problems. The performance of the proposed heuristic
method is tested by solving a number of test problems and comparing
them with 12 other heuristics available in the literature to confirm the
superior performance of the proposed heuristic. Furthermore, to
prove the efficiency of the proposed CTM, the objectives are
increased to minimize the number of workstation (or equivalently
maximize line efficiency), and minimizing the smoothness index.
Finally, it is proven that the proposed heuristic is more efficient than
the others to solve the U-shape assembly line balancing problem.
Abstract: In the last decade, carbohydrates have attracted great
attention as renewable resources for the chemical industry.
Carbohydrates are abundantly found in nature in the form of
monomers, oligomers and polymers, or as components of
biopolymers and other naturally occurring substances. As natural
products, they play important roles in conferring certain physical,
chemical, and biological properties to their carrier molecules.The
synthesis of this particular carbohydrate glycomonomer is part of our
work to obtain biodegradable polymers. Our current paper describes
the synthesis and characterization of a novel carbohydrate
glycomonomer starting from D-glucose, in several synthesis steps,
that involve the protection/deprotection of the D-glucose ring via
acetylation, tritylation, then selective deprotection of the aromaticaliphatic
protective group, in order to obtain 1,2,3,4-tetra-O-acetyl-
6-O-allyl-β-D-glucopyranose. The glycomonomer was then obtained
by the allylation in drastic conditions of 1,2,3,4-tetra-O-acetyl-6-Oallyl-
β-D-glucopyranose with allylic alcohol in the presence of
stannic chloride, in methylene chloride, at room temperature. The
proposed structure of the glycomonomer, 2,3,4-tri-O-acetyl-1,6-di-
O-allyl-β-D-glucopyranose, was confirmed by FTIR, NMR and
HPLC-MS spectrometry. This glycomonomer will be further
submitted to copolymerization with certain acrylic or methacrylic
monomers in order to obtain competitive plastic materials for
applications in the biomedical field.
Abstract: The aim of our research was to evaluate the effects of
physical exercise on lipid profile and anthropometric characteristics
in young subjects, diagnosed with metabolic syndrome (MS). The
study has been developed during 28 weeks on 20 young obese
patients which have undertaken an intermittent submaximal exercise
program. After 28 weeks of physical activity, the results show
significant effects on anthropometric characteristics and serum lipid
profile of research subjects. Additionally, the results of this study
confirms the major correlation between the variations of
intraabdominal adiposity, determined ultrasonographycally,
and the changes of serum lipid concentrations, a better
correlation than it is used abdominal circumference or body
weight index.
Abstract: Science parks are often established to drive regional
economic growth, especially in countries with emerging economies.
However, mixed findings regarding the performances of science park
firms are found in the literature. This study tries to explain these
mixed findings by taking a relational approach and exploring
(un)intended knowledge transfers between new technology-based
firms (NTBFs) in the emerging South African economy. Moreover,
the innovation outcomes of these NTBFs are examined by using a
multi-dimensional construct. Results show that science park location
plays a significant role in explaining innovative sales, but is
insignificant when a different indicator of innovation outcomes is
used. Furthermore, only for innovations that are new to the firms,
both science park location and intended knowledge transfer via
informal business relationships have a positive impact; whereas
social relationships have a negative impact.
Abstract: A two-parameter fatigue model explicitly accounting for the cyclic as well as the mean stress was used to fit static and fatigue data available in literature concerning carbon fiber reinforced composite laminates subjected tension-tension fatigue. The model confirms the strength–life equal rank assumption and predicts reasonably the probability of failure under cyclic loading. The model parameters were found by best fitting procedures and required a minimum of experimental tests.
Abstract: Blind Signature were introduced by Chaum. In this
scheme, a signer can “sign” a document without knowing the
document contain. This is particularly important in electronic voting.
CryptO-0N2 is an electronic voting protocol which is development of
CryptO-0N. During its development this protocol has not been
furnished with the requirement of blind signature, so the choice of
voters can be determined by counting center. In this paper will be
presented of implementation of blind signature using RSA algorithm.
Abstract: Mining frequent tree patterns have many useful
applications in XML mining, bioinformatics, network routing, etc.
Most of the frequent subtree mining algorithms (i.e. FREQT,
TreeMiner and CMTreeMiner) use anti-monotone property in the
phase of candidate subtree generation. However, none of these
algorithms have verified the correctness of this property in tree
structured data. In this research it is shown that anti-monotonicity
does not generally hold, when using weighed support in tree pattern
discovery. As a result, tree mining algorithms that are based on this
property would probably miss some of the valid frequent subtree
patterns in a collection of trees. In this paper, we investigate the
correctness of anti-monotone property for the problem of weighted
frequent subtree mining. In addition we propose W3-Miner, a new
algorithm for full extraction of frequent subtrees. The experimental
results confirm that W3-Miner finds some frequent subtrees that the
previously proposed algorithms are not able to discover.
Abstract: Does education matter to the quality of our life? The results of extensive studies offer an affirmative answer to this question: high education levels are positively associated with higher income, with more highly qualified professions, with lower risk of unemployment, with better physical health and also, it is said, with more happiness. However, exploring these relationships is far from straightforward. Aside from educational credentials, what properties distinguish functionally literate individuals? How can their personal level of satisfaction be measured? What are the social mechanisms whereby education affects well-being?Using a literacy index and several measures for well-being developed by secondary analysis of the Adult Literacy and Life Skills Survey database, this investigation examined the relationship between literacy skills and subjective wellbeing in several OECD (Organisation for Economic Co-operation and Development) countries. Special attention was been addressed to Italy, and in particular to two regions representing territorial differences in this country: Piedmont and Campania.
Abstract: In recent times, corporations are increasingly under pressure to ensure diversity within their boardrooms and a large number of academic research have reported findings consistent with the view that boards perform better when they include a diverse range of people. Women have unique characteristics needed to positively influence the strategic direction of a corporation and contribute to the growth of firms. In spite of such revelations, evidence suggests that women are under-represented in senior executive and board positions. In many parts of Africa, socio-cultural traditions inhibit women from attaining these roles. Given the emphasis placed on board diversity and inclusion of women as an essential part of good corporate governance, the relationship between gender diversity and board effectiveness deserves both theoretical and empirical investigation. This research is important because it represents the first theoretical review on gender diversity in corporate boards in Nigeria.
Abstract: Today, any organization - regardless of the specific activity - must be prepared to face continuous radical changes, innovation thus becoming a condition of survival in a globalized market. Few managers have a wider vision that includes innovation, to enable better performance of the critical activities, namely the degree of novelty that it must submit an innovation to be considered as such. Companies need not only radical changes in the products or their services, but also to their business strategies. Not all managers have an overall view on the real size of necessary innovation potential. Unfortunately there is still no common understanding (and correct) of the term of innovation among managers. Moreover, not all managers are aware of the need for innovation. In these conditions, increasing the processes adaptability of firms (through innovation) to meet the needs and performance requirements is difficult without a systematic framework. To overcome this disadvantage, the authors propose a framework for designing an innovation management system,, to cover all the important aspects of a business system, to reach the actual performance of an organization.
Abstract: New Zealand-s product markets experienced a surge in
import competition beginning from the late 1970-s when its
government began to promote a policy of more open markets. This
study considers how the trade liberalization aspect of the policy may
have influenced unionization and union-organizing success. For
describing the trade liberalization, a model shows how the removal of
import tariffs can lead to countervailing influences upon the union
membership of a domestic firm. The evidence supports the prediction
that union membership has been decreased rather than increased. In
the context of debates concerning globalization, it can be said that the
power of unions has been diminished.
Abstract: The resource-based view of the firm regards
knowledge as one of the most important organizational assets and a
key strategic resource that contributes unique value to organizations.
The acquisition, absorption and internalization of external
knowledge are central to an organization-s innovative capabilities.
This ability to evaluate, acquire and integrate new knowledge from
its environment is referred to as a firm-s absorptive capacity (AC).
This research in progress paper explores the link between interorganizational
Social Networks (SNs) and a firm-s Absorptive
Capacity (AC). Based on an in-depth literature survey of both
concepts, four propositions are proposed that explain the link
between AC and SNs. These propositions suggest that SNs are key
to a firm-s AC. A qualitative research method is proposed to test the
set of propositions in the next stage of this research.
Abstract: In this paper, the vessel inscribed trigonometry (VITM) for the vessel progression orientation (VPO) is proposed in the two-dimensional fundus image. The VPO is a major factor in the optic disc (OD) detection which is a basic process in the retina analysis. To measure the VPO, skeletons of vessel are used. First, the vessels are classified into three classes as vessel end, vessel branch and vessel stem. And the chain code maps of VS are generated. Next, two farthest neighborhoods of each point on VS are searched by the proposed angle restriction. Lastly, a gradient of the straight line between two farthest neighborhoods is estimated to measure the VPO. VITM is validated by comparing with manual results and 2D Gaussian templates. It is confirmed that VPO of the proposed mensuration is correct enough to detect OD from the results of experiment which applied VITM to detect OD in fundus images.