Abstract: The venture capital becomes more and more advanced
and effective source of the innovation project financing, connected
with a high-risk level. In the developed countries, it plays a key role
in transforming innovation projects into successful businesses and
creating the prosperity of the modern economy. In Russia, there are
many necessary preconditions for creation of the effective venture
investment system: the network of the public institutes for innovation
financing operates; there is a significant number of the small and
medium-sized enterprises, capable to sell production with good
market potential. However, the current system does not confirm the
necessary level of efficiency in practice that can be substantially
explained by the absence of the accurate plan of action to form the
national venture model and by the lack of experience of successful
venture deals with profitable exits in Russian economy. This paper
studies the influence of various factors on the venture industry
development by the example of the IT-sector in Russia. The choice of
the sector is based on the fact, that this segment is the main driver of
the venture capital market growth in Russia, and the necessary set of
data exists. The size of investment of the second round is used as the
dependent variable. To analyse the influence of the previous round,
such determinant as the volume of the previous (first) round
investments is used. There is also used a dummy variable in
regression to examine that the participation of an investor with high
reputation and experience in the previous round can influence the size
of the next investment round. The regression analysis of short-term
interrelations between studied variables reveals prevailing influence
of the volume of the first round investments on the venture
investments volume of the second round. The most important
determinant of the value of the second-round investment is the value
of first–round investment, so it means that the most competitive on
the Russian market are the start-up teams that can attract more money
on the start, and the target market growth is not the factor of crucial
importance. This supports the point of view that VC in Russia is
driven by endogenous factors and not by exogenous ones that are
based on global market growth.
Abstract: This study was aimed to investigate the machining
stability of a spindle tool with different preloaded amount. To this end,
the vibration tests were conducted on the spindle unit with different
preload to assess the dynamic characteristics and machining stability
of the milling machine. Current results demonstrate that the tool tip
frequency response characteristics and the machining stabilities in X
and Y direction are affected to change due to the different preload of
spindle bearings. As found from the results, a high preloaded spindle
tool shows higher limited cutting depth at mid position, while a spindle
with low preload shows a higher limited depth. This indicates that the
machining stability of a milling machine is affected to vary by the
spindle unit when it was assembled with different bearing preload.
Abstract: More than 3000 plants of notable phyto-therapeutic
value grow in South Africa; these include Cissampelos capensis,
commonly known in Afrikaans as dawidjie or dawidjiewortel. C.
capensis is the most significant and popular medicinal plant used by
the Khoisan as well as other rural groups in the Western region of
South Africa. Its rhizomes are traditionally used to treat male fertility
problems. Yet, no studies have investigated the effects of this plant or
its extracts on human spermatozoa. Therefore, this study aimed at
investigating the effects of C. capensis rhizome extract (CRE)
fractions on ejaculated human spermatozoa in vitro. Spermatozoa
from a total of 77 semen samples were washed with human tubular
fluid medium supplemented with bovine serum albumin (HTF-BSA)
and incubated for 2 hours with 20 μg/ml progesterone (P4) followed
by incubation with different concentrations (0, 0.05, 0.5, 5, 50, 200
μg/ml) of fractionated CRE (F1=0% MeOH, F2=30% MeOH,
F3=60% MeOH and F4=100% MeOH) for 1.5 hours at 37°C. A
sample without addition of CRE fractions served as control. Samples
were analyzed for sperm motility, reactive oxygen species (ROS),
DNA-fragmentation, acrosome reaction and capacitation. Results
showed that F1 resulted in significantly higher values for ROS,
capacitation and hyper-activation compared to F2, F3, and F4 with
P4-stimulated samples generally having higher values. No significant
effect was found for the other parameters. In conclusion, alkaloids
present in F1 of CRE appear to have triggered sperm intrinsic ROS
production leading to sperm capacitation and acrosome reaction
induced by P4.
Abstract: This study examines the feasibility of indirect solar
desalination in oil producing countries in the Middle East and North
Africa (MENA) region. It relies on value engineering (VE) and costbenefit
with sensitivity analyses to identify optimal coupling
configurations of desalination and solar energy technologies. A
comparative return on investment was assessed as a function of water
costs for varied plant capacities (25,000 to 75,000 m3/day), project
lifetimes (15 to 25 years), and discount rates (5 to 15%) taking into
consideration water and energy subsidies, land cost as well as
environmental externalities in the form of carbon credit related to
greenhouse gas (GHG) emissions reduction. The results showed
reverse osmosis (RO) coupled with photovoltaic technologies (PVs)
as the most promising configuration, robust across different prices for
Brent oil, discount rates, as well as different project lifetimes.
Environmental externalities and subsidies analysis revealed that a
16% reduction in existing subsidy on water tariffs would ensure
economic viability. Additionally, while land costs affect investment
attractiveness, the viability of RO coupled with PV remains possible
for a land purchase cost
Abstract: The novel 3D SnO cabbages self-assembled by
nanosheets were successfully synthesized via template-free
hydrothermal growth method under facile conditions. The XRD
results manifest that the as-prepared SnO is tetragonal phase. The
TEM and HRTEM results show that the cabbage nanosheets are
polycrystalline structure consisted of considerable single-crystalline
nanoparticles. Two typical Raman modes A1g=210 and Eg=112 cm-1
of SnO are observed by Raman spectroscopy. Moreover, galvanostatic
cycling tests has been performed using the SnO cabbages as anode
material of lithium ion battery and the electrochemical results suggest
that the synthesized SnO cabbage structures are a promising anode
material for lithium ion batteries.
Abstract: The popularity of quality management system models
continues to grow despite the transitional crisis in 2008. Their
development is associated with demands of the new requirements for
entrepreneurs, such as risk analysis projects and more emphasis on
supervision of outsourced processes. In parallel, it is appropriate to
focus attention on the selection of companies aspiring to a quality
management system. This is particularly important in the automotive
supplier industry, where requirements transferred to the levels in the
supply chain should be clear, transparent and fairly satisfied. The
author has carried out a series of researches aimed at finding the
factors that allow for the effective implementation of the quality
management system in automotive companies. The research was
focused on four groups of companies: 1) manufacturing (parts and
assemblies for the purpose of sale or for vehicle manufacturers), 2)
service (repair and maintenance of the car) 3) services for the
transport of goods or people, 4) commercial (auto parts and vehicles).
The identified determinants were divided into two types of criteria:
internal and external, as well as hard and soft. The article presents the
hard – technical factors that an automotive company must meet in
order to achieve the goal of the quality management system
implementation.
Abstract: This study focuses on a novel method for dispersion
and distribution of reinforcement under high intensive shear stress to
produce metal composites. The polyacrylonitrile (PAN)-based short
carbon fiber (Csf) and Nextel 610 alumina fiber were dispersed under
high intensive shearing at mushy zone in semi-solid of A356 by a
novel method. The bundles and clusters were embedded by
infiltration of slurry into the clusters, thus leading to a uniform
microstructure. The fibers were embedded homogenously into the
aluminum around 576-580°C with around 46% of solid fraction.
Other experiments at 615°C and 568°C which are contained 0% and
90% solid respectively were not successful for dispersion and
infiltration of aluminum into bundles of Csf. The alumina fiber has
been cracked by high shearing load. The morphologies and
crystalline phase were evaluated by SEM and XRD. The adopted
thixo-process effectively improved the adherence and distribution of
Csf into Al that can be developed to produce various composites by
thixomixing.
Abstract: This paper deals with the study of reflection and
transmission characteristics of acoustic waves at the interface of a
semiconductor half-space and elastic solid. The amplitude ratios
(reflection and transmission coefficients) of reflected and transmitted
waves to that of incident wave varying with the incident angles have
been examined for the case of quasi-longitudinal wave. The special
cases of normal and grazing incidence have also been derived with
the help of Gauss elimination method. The mathematical model
consisting of governing partial differential equations of motion and
charge carriers’ diffusion of n-type semiconductors and elastic solid
has been solved both analytically and numerically in the study. The
numerical computations of reflection and transmission coefficients
has been carried out by using MATLAB programming software for
silicon (Si) semiconductor and copper elastic solid. The computer
simulated results have been plotted graphically for Si
semiconductors. The study may be useful in semiconductors,
geology, and seismology in addition to surface acoustic wave (SAW)
devices.
Abstract: This paper examines the system protection for cyber-physical
systems (CPS). CPS are particularly characterized by their
networking system components. This means they are able to adapt to
the needs of their users and its environment. With this ability, CPS
have new, specific requirements on the protection against anti-counterfeiting,
know-how loss and manipulation. They increase the
requirements on system protection because piracy attacks can be
more diverse, for example because of an increasing number of
interfaces or through the networking abilities. The new requirements
were identified and in a next step matched with existing protective
measures. Due to the found gap the development of new protection
measures has to be forced to close this gap. Moreover a comparison
of the effectiveness between selected measures was realized and the
first results are presented in this paper.
Abstract: Authenticity in advertising is the cornerstone of
modern marketing. Despite research advances related to the role of
authenticity in marketing, it remains unclear why customers respond to
authentic brand stories. The results show that different personality
traits will moderate the influence of different authenticity on the levels
of emotion. Whether indexically authentic or iconically authentic
advertisements were shown to extroverts, open people and agreeable
people, they will evoke more positive emotions. When neurotic people
and conscientious people see the iconically authentic advertising
rather than the indexically authentic advertising, they will produce
more negative emotions. In addition, the emotion evoked by
advertising had significant positive impact on brand attitude evoked by
advertising had significant negative impact on brand attitude. These
findings provide some managerial implications and directions for
further research.
Abstract: Intermetallic materials are among advanced
technology materials that have outstanding mechanical and physical
properties for high temperature applications. Especially creep
resistance, low density and high hardness properties stand out in such
intermetallics. The microstructure, mechanical properties of %88Ni-
%10Cr and %2Mn powders were investigated using specimens
produced by tube furnace sintering at 900-1300°C temperature. A
composite consisting of ternary additions, a metallic phase, Fe, Cr
and Mn have been prepared under Ar shroud and then tube furnace
sintered. XRD, SEM (Scanning Electron Microscope), were
investigated to characterize the properties of the specimens.
Experimental results carried out for composition %88Ni-%10Cr and
%2Mn at 1300°C suggest that the best properties as 138,80HV and
6,269/cm3 density were obtained at 1300°C.
Abstract: Microstructural and electrical properties of
Cu-chromium alloy (Cu-Cr) dispersed with vapor-grown carbon fiber
(VGCF) prepared by powder metallurgy (P/M) process have been
investigated. Cu-0.7 mass% Cr pre-alloyed powder (Cu-Cr) made by
water atomization process was used as raw materials, which contained
solid solute Cr elements in Cu matrix. The alloy powder coated with
un-bundled VGCF by using oil coating process was consolidated at
1223 K in vacuum by spark plasma sintering, and then extruded at
1073 K. The extruded Cu-Cr alloy (monolithic alloy) had 209.3 MPa
YS and 80.4 IACS% conductivity. The extruded Cu-Cr with 0.1
mass% VGCF composites revealed a small decrease of YS compared
to the monolithic Cu-Cr alloy. On the other hand, the composite had a
higher electrical conductivity than that of the monolithic alloy. For
example, Cu-Cr with 0.1 mass% VGCF composite sintered for 5 h
showed 182.7 MPa YS and 89.7 IACS% conductivity. In the case of
Cu-Cr with VGCFs composites, the Cr concentration was observed
around VGCF by SEM-EDS analysis, where Cr23C6 compounds were
detected by TEM observation. The amount of Cr solid solution in the
matrix of the Cu-Cr composites alloy was about 50% compared to the
monolithic Cu-Cr sintered alloy, and resulted in the remarkable
increment of the electrical conductivity.
Abstract: The aim of this study is to investigate formability of
Al based closed cell metallic foams at high temperature. The foam
specimens with rectangular section were produced from
AlMg1Si0.6TiH20.8 alloy preform material. Bending and free
bending tests based on gravity effect were applied to foam specimens
at high temperatures. During the tests, the time-angular deformation
relationships with various temperatures were determined.
Deformation types formed in cell walls were investigated by means
of Scanning Electron Microscopy (SEM) and optical microscopy.
Bending deformation about 90° was achieved without any defect at
high temperatures. The importance of a critical temperature and
deformation rate was emphasized in maintaining the deformation.
Significant slip lines on surface of cell walls at tensile zones of
bending specimen were observed. At high strain rates, the microcrack
formation in boundaries of elongated grains was determined.
Abstract: Transportation of long turbine blades from one place
to another is a difficult process. Hence a feasibility study of
modularization of wind turbine blade was taken from structural
standpoint through finite element analysis. Initially, a non-segmented
blade is modeled and its structural behavior is evaluated to serve as
reference. The resonant, static bending and fatigue tests are simulated
in accordance with IEC61400-23 standard for comparison purpose.
The non-segmented test blade is separated at suitable location based
on trade off studies and the segments are joined with an innovative
double strap bonded joint configuration. The adhesive joint is
modeled by adopting cohesive zone modeling approach in ANSYS.
The developed blade model is analyzed for its structural response
through simulation. Performances of both the blades are found to be
similar, which indicates that, efficient segmentation of the long blade
is possible which facilitates easy transportation of the blades and on
site reassembling. The location selected for segmentation and
adopted joint configuration has resulted in an efficient segmented
blade model which proves the methodology adopted for segmentation
was quite effective. The developed segmented blade appears to be the
viable alternative considering its structural response specifically in
fatigue within considered assumptions.
Abstract: Aim of this work is to determine the theoretical and
experimental properties of filament wound glass fiber/epoxy resin
composite pipes with different winding design subjected under
bending. For determination of bending strength of composite samples
three point bending tests were conducted. Good correlation between
theoretical and experimental results has been obtained, where sample
No4 has shown the highest value of bending strength. All samples
have demonstrated matrix cracking and fiber failure followed by
layers delamination during testing. Also, it was found that smaller
winding angles lead to an increase in bending stress. From presented
results good merger between glass fibers and epoxy resin was
confirmed by SEM analysis.
Abstract: The paper presents new results concerning selection of
optimal information fusion formula for ensembles of C-OTDR
channels. The goal of information fusion is to create an integral
classificator designed for effective classification of seismoacoustic
target events. The LPBoost (LP-β and LP-B variants), the Multiple
Kernel Learning, and Weighing of Inversely as Lipschitz Constants
(WILC) approaches were compared. The WILC is a brand new
approach to optimal fusion of Lipschitz Classifiers Ensembles.
Results of practical usage are presented.
Abstract: Quantitative analyses of whisker movements provide a
means to study functional recovery and regeneration of mouse facial
nerve after an injury. However, accurate tracking of the mouse whisker
movement is challenging. Most methods for whisker tracking require
manual intervention, e.g. fixing the head of the mouse during a study.
Here we describe a semi-automated image processing method, which
is applied to high-speed video recordings of free-moving mice to track
the whisker movements. We first track the head movement of a mouse
by delineating the lower head contour frame-by-frame that allows for
detection of the location and orientation of the head. Then, a region of
interest is identified for each frame; the subsequent application of a
mask and the Hough transform detects the selected whiskers on each
side of the head. Our approach is used to examine the functional
recovery of damaged facial nerves in mice over a course of 21 days.
Abstract: Due to the continuous increment of the load demand,
identification of weaker buses, improvement of voltage profile and
power losses in the context of the voltage stability problems has
become one of the major concerns for the larger, complex,
interconnected power systems. The objective of this paper is to
review the impact of Flexible AC Transmission System (FACTS)
controller in Wind generators connected electrical network for
maintaining voltage stability. Wind energy could be the growing
renewable energy due to several advantages. The influence of wind
generators on power quality is a significant issue; non uniform power
production causes variations in system voltage and frequency.
Therefore, wind farm requires high reactive power compensation; the
advances in high power semiconducting devices have led to the
development of FACTS. The FACTS devices such as for example
SVC inject reactive power into the system which helps in maintaining
a better voltage profile. The performance is evaluated on an IEEE 14
bus system, two wind generators are connected at low voltage buses
to meet the increased load demand and SVC devices are integrated at
the buses with wind generators to keep voltage stability. Power
flows, nodal voltage magnitudes and angles of the power network are
obtained by iterative solutions using MIPOWER.
Abstract: One of the most famous techniques which affect the
efficiency of a production line is the assembly line balancing (ALB)
technique. This paper examines the balancing effect of a whole
production line of a real auto glass manufacturer in three steps. In the
first step, processing time of each activity in the workstations is
generated according to a practical approach. In the second step, the
whole production process is simulated and the bottleneck stations
have been identified, and finally in the third step, several
improvement scenarios are generated to optimize the system
throughput, and the best one is proposed. The main contribution of
the current research is the proposed framework which combines two
famous approaches including Assembly Line Balancing and
Optimization via Simulation technique (OvS). The results show that
the proposed framework could be applied in practical environments,
easily.
Abstract: The secondary alloy A226 is used for many
automotive casting produced by mould casting and high pressure die
casting. This alloy has excellent castability, good mechanical
properties and cost-effectiveness. Production of primary aluminium
alloys belong to heavy source fouling of life environs. The European
Union calls for the emission reduction and reduction in energy
consumption therefore increase production of recycled (secondary)
aluminium cast alloys. The contribution is deal with influence of
recycling on the quality of the casting made from A226 in automotive
industry. The properties of the casting made from secondary
aluminium alloys were compared with the required properties of
primary aluminium alloys. The effect of recycling on microstructure
was observed using combination different analytical techniques (light
microscopy upon black-white etching, scanning electron microscopy
- SEM upon deep etching and energy dispersive X-ray analysis -
EDX). These techniques were used for the identification of the
various structure parameters, which was used to compare secondary
alloy microstructure with primary alloy microstructure.