Abstract: Recent evidences on liquidity and valuation of securities in the capital markets clearly show the importance of stock market liquidity and valuation of firms. In this paper, relationship between transparency, liquidity, and valuation is studied by using data obtained from 70 companies listed in Tehran Stock Exchange during2003-2012. In this study, discriminatory earnings management, as a sign of lack of transparency and Tobin's Q, was used as the criteria of valuation. The results indicate that there is a significant and reversed relationship between earnings management and liquidity. On the other hand, there is a relationship between liquidity and transparency.The results also indicate a significant relationship between transparency and valuation. Transparency has an indirect effect on firm valuation alone or through the liquidity channel. Although the effect of transparency on the value of a firm was reduced by adding the variable of liquidity, the cumulative effect of transparency and liquidity increased.
Abstract: Feature selection is an important step in many pattern
classification problems. It is applied to select a subset of features,
from a much larger set, such that the selected subset is sufficient to
perform the classification task. Due to its importance, the problem of
feature selection has been investigated by many researchers. In this
paper, a novel feature subset search procedure that utilizes the Ant
Colony Optimization (ACO) is presented. The ACO is a
metaheuristic inspired by the behavior of real ants in their search for
the shortest paths to food sources. It looks for optimal solutions by
considering both local heuristics and previous knowledge. When
applied to two different classification problems, the proposed
algorithm achieved very promising results.
Abstract: This paper describes the design of a voltage based maximum power point tracker (MPPT) for photovoltaic (PV) applications. Of the various MPPT methods, the voltage based method is considered to be the simplest and cost effective. The major disadvantage of this method is that the PV array is disconnected from the load for the sampling of its open circuit voltage, which inevitably results in power loss. Another disadvantage, in case of rapid irradiance variation, is that if the duration between two successive samplings, called the sampling period, is too long there is a considerable loss. This is because the output voltage of the PV array follows the unchanged reference during one sampling period. Once a maximum power point (MPP) is tracked and a change in irradiation occurs between two successive samplings, then the new MPP is not tracked until the next sampling of the PV array voltage. This paper proposes an MPPT circuit in which the sampling interval of the PV array voltage, and the sampling period have been shortened. The sample and hold circuit has also been simplified. The proposed circuit does not utilize a microcontroller or a digital signal processor and is thus suitable for low cost and low power applications.
Abstract: The demand for new telecommunication services requiring higher capacities, data rates and different operating modes have motivated the development of new generation multi-standard wireless transceivers. A multi-standard design often involves extensive system level analysis and architectural partitioning, typically requiring extensive calculations. In this research, a decimation filter design tool for wireless communication standards consisting of GSM, WCDMA, WLANa, WLANb, WLANg and WiMAX is developed in MATLAB® using GUIDE environment for visual analysis. The user can select a required wireless communication standard, and obtain the corresponding multistage decimation filter implementation using this toolbox. The toolbox helps the user or design engineer to perform a quick design and analysis of decimation filter for multiple standards without doing extensive calculation of the underlying methods.
Abstract: The research titled “Developing of Thai Classical Music Ensemble in Rattanakosin Period" aimed 1) to study the history of Thai Classical Music Ensemble in Rattanakosin Period and 2) to analyze changing in each period of Rattanakosin Era. This is the historical and documentary research. The data was collected by in-depth interview those musicians, and academic music experts and field study. The focus group discussion was conducted to analyze and conclude the findings. The research found that the history of Thai Classical Music Ensemble in Rattanakosin Period derived from the Ayutthaya period. Thai classical music ensemble consisted of “Wong Pipat", “Wong Mahori", “Wong Kreang Sai". “Wong Kubmai", “Wong Krongkak", “Brass Band", and “Kan Band" which were used to ceremony, ritual, drama, performs and entertainment. Changed of the Thai music in the early Rattanakosin Period were passed from the Ayutthaya Period and the influence of the western civilization. New Band formed in Thai Music were “Orchestra" and “Contemporary Band". The role of Thai music was changed from the ceremonial rituals to entertainment. Development of the Thai music during the reign of King Rama 1 to King Rama 7, was improved from the court. But after the revolution, the musical patronage of the court was maintained by the Government. Thai Classical Music Ensemble were performed to be standard pattern.
Abstract: The mixing behaviors of dry and wet granular
materials in gas fluidized bed systems were investigated
computationally using the combined Computational Fluid Dynamics
and Discrete Element Method (CFD-DEM). Dry particles were
observed to mix fairly rapidly during the fluidization process due to
vigorous relative motions between particles induced by the flow of
gas. In contrast, due to the presence of strong cohesive forces arising
from capillary liquid bridges between wet particles, the mixing
efficiencies of wet granular materials under similar operating
conditions were observed to be reduced significantly.
Abstract: In this paper we introduce a new class of mg-continuous mapping and studied some of its basic properties.We obtain some characterizations of such functions. Moreover we define sub minimal structure and further study certain properties of mg-closed sets.
Abstract: Ground-level tropospheric ozone is one of the air
pollutants of most concern. It is mainly produced by photochemical
processes involving nitrogen oxides and volatile organic compounds
in the lower parts of the atmosphere. Ozone levels become
particularly high in regions close to high ozone precursor emissions
and during summer, when stagnant meteorological conditions with
high insolation and high temperatures are common.
In this work, some results of a study about urban ozone
distribution patterns in the city of Badajoz, which is the largest and
most industrialized city in Extremadura region (southwest Spain) are
shown. Fourteen sampling campaigns, at least one per month, were
carried out to measure ambient air ozone concentrations, during
periods that were selected according to favourable conditions to
ozone production, using an automatic portable analyzer.
Later, to evaluate the ozone distribution at the city, the measured
ozone data were analyzed using geostatistical techniques. Thus, first,
during the exploratory analysis of data, it was revealed that they were
distributed normally, which is a desirable property for the subsequent
stages of the geostatistical study. Secondly, during the structural
analysis of data, theoretical spherical models provided the best fit for
all monthly experimental variograms. The parameters of these
variograms (sill, range and nugget) revealed that the maximum
distance of spatial dependence is between 302-790 m and the
variable, air ozone concentration, is not evenly distributed in reduced
distances. Finally, predictive ozone maps were derived for all points
of the experimental study area, by use of geostatistical algorithms
(kriging). High prediction accuracy was obtained in all cases as
cross-validation showed. Useful information for hazard assessment
was also provided when probability maps, based on kriging
interpolation and kriging standard deviation, were produced.
Abstract: This paper presents the approach to design the Auto-
Tuning PID controller for interactive Water Level Process using
integral step response. The Integral Step Response (ISR) is the
method to model a dynamic process which can be done easily,
conveniently and very efficiently. Therefore this method is advantage
for design the auto tune PID controller. Our scheme uses the root
locus technique to design PID controller. In this paper MATLAB is
used for modeling and testing of the control system. The
experimental results of the interacting water level process can be
satisfyingly illustrated the transient response and the steady state
response.
Abstract: In this paper, the use of beam search and look-ahead strategies for solving the strip packing problem (SPP) is investigated. Given a strip of fixed width W, unlimited length L, and a set of n circular pieces of known radii, the objective is to determine the minimum length of the initial strip that packs all the pieces. An augmented algorithm which combines beam search and a look-ahead strategies is proposed. The look-ahead is used in order to evaluate the nodes at each level of the tree search. The best nodes are then retained for branching. The computational investigation showed that the proposed augmented algorithm is able to improve the best known solutions of the literature on most instances used.
Abstract: In this paper we present a novel approach for wavelet compression of electrocardiogram (ECG) signals based on the set partitioning in hierarchical trees (SPIHT) coding algorithm. SPIHT algorithm has achieved prominent success in image compression. Here we use a modified version of SPIHT for one dimensional signals. We applied wavelet transform with SPIHT coding algorithm on different records of MIT-BIH database. The results show the high efficiency of this method in ECG compression.
Abstract: Due to the call of global warming effects, city planners aim at actions for reducing carbon emission. One of the approaches is to promote the usage of public transportation system toward the transit-oriented-development. For example, rapid transit system in Taipei city and Kaohsiung city are opening. However, until November 2008 the average daily patronage counted only 113,774 passengers at Kaohsiung MRT systems, much less than which was expected. Now the crucial questions: how the public transport competes with private transport? And more importantly, what factors would enhance the use of public transport? To give the answers to those questions, our study first applied regression to analyze the factors attracting people to use public transport around cities in the world. It is shown in our study that the number of MRT stations, city population, cost of living, transit fare, density, gasoline price, and scooter being a major mode of transport are the major factors. Subsequently, our study identified successful and unsuccessful cities in regard of the public transport usage based on the diagnosis of regression residuals. Finally, by comparing transportation strategies adopted by those successful cities, our conclusion stated that Kaohsiung City could apply strategies such as increasing parking fees, reducing parking spaces in downtown area, and reducing transfer time by providing more bus services and public bikes to promote the usage of public transport.
Abstract: In this paper we canvass three case studies of unique
research partnerships between universities and schools in the wider
community. In doing so, we consider those areas of indeterminate
zones of professional practice explored by academics in their
research activities within the wider community. We discuss three
cases: an artist-in-residence program designed to engage primary
school children with new understandings about local Indigenous
Australian issues in their pedagogical and physical landscapes; an
assessment of pedagogical concerns in relation to the use of physical
space in classrooms; and the pedagogical underpinnings of a
costumed museum school program. In doing so, we engage issues of
research as playing an integral part in the development,
implementation and maintenance of academic engagements with
wider community issues.
Abstract: This paper presents a studyof the impact of reference
node locations on the accuracy of the indoor positioning systems. In
particular, we analyze the localization accuracy of the RSSI database
mapping techniques, deploying on the IEEE 802.15.4 wireless
networks. The results show that the locations of the reference nodes
used in the positioning systems affect the signal propagation
characteristics in the service area. Thisin turn affects the accuracy of the wireless indoor positioning system. We found that suitable
location of reference nodes could reduce the positioning error upto 35 %.
Abstract: In this paper we intend to ascertain the state of the art on multifingered end-effectors, also known as robotic hands or dexterous robot hands, and propose an experimental setup for an innovative task based design approach, involving cutting edge technologies in motion capture. After an initial description of the capabilities and complexity of a human hand when grasping objects, in order to point out the importance of replicating it, we analyze the mechanical and kinematical structure of some important works carried out all around the world in the last three decades and also review the actuators and sensing technologies used. Finally we describe a new design philosophy proposing an experimental setup for the first stage using recent developments in human body motion capture systems that might lead to lighter and always more dexterous robotic hands.
Abstract: In this research, a latent class vector model for pairwise data is formulated. As compared to the basic vector model, this model yields consistent estimates of the parameters since the number of parameters to be estimated does not increase with the number of subjects. The result of the analysis reveals that the model was stable and could classify each subject to the latent classes representing the typical scales used by these subjects.
Abstract: In this paper a novel algorithm is proposed to merit
the accuracy of finger vein recognition. The performances of
Principal Component Analysis (PCA), Kernel Principal Component
Analysis (KPCA), and Kernel Entropy Component Analysis (KECA)
in this algorithm are validated and compared with each other in order
to determine which one is the most appropriate one in terms of finger
vein recognition.
Abstract: In this paper, some common gearboxes vibration analysis methods and condition monitoring systems are explained. In addition, an experimental gearbox vibration analysis is discussed through a critical case history for a mixer gearbox related to Iran oil industry. The case history also consists of gear manufacturing (machining) recommendations, lubrication condition of gearbox and machinery maintenance activities that caused reduction in noise and vibration of the gearbox. Besides some of the recent patents and innovations in gearboxes, lubrication and vibration monitoring systems explained. Finally micro pitting and surface fatigue in pinion and bevel of mentioned horizontal to vertical gearbox discussed in details.
Abstract: Expression and secretion of inflammation markers are
disturbed in obesity. Interleukin-6 reduces body fat mass. The
common G-174C polymorphism in the promoter of IL-6 gene has
been reported that effects on transcriptional regulation. The objective
was to investigate association of the common polymorphism G-174C
with obesity in Iranian population. The present study is cross
sectional association study that included 242 individuals (110 men
and 132 women). Serum IL-6 levels, C-reactive protein, fasting
blood glucose and blood lipids profile were measured .BMI and
WHR were calculated. Genotyping is carried out by PCR and RFLP.
The frequencies of G and C allele were 64.5% and 35.5%,
respectively. The G-174C polymorphism was not associated with
BMI and WHR. However in obese individual, fasting blood glucose
was significantly higher in carrier of C allele compared with the noncarrier.
The IL-6 G-174C polymorphism is not a risk factor for
obesity in Iranian population.
Abstract: A new blind gray-level watermarking scheme is described. In the proposed method, the host image is first divided into 4*4 non-overlapping blocks. For each block, two first AC coefficients of its Hadamard transform are then estimated using DC coefficients of its neighbor blocks. A gray-level watermark is then added into estimated values. Since embedding watermark does not change the DC coefficients, watermark extracting could be done by estimating AC coefficients and comparing them with their actual values. Several experiments are made and results suggest the robustness of the proposed algorithm.