Abstract: Due to the increasing and varying risks that economic units face with, derivative instruments gain substantial importance, and trading volumes of derivatives have reached very significant level. Parallel with these high trading volumes, researchers have developed many different models. Some are parametric, some are nonparametric. In this study, the aim is to analyse the success of artificial neural network in pricing of options with S&P 100 index options data. Generally, the previous studies cover the data of European type call options. This study includes not only European call option but also American call and put options and European put options. Three data sets are used to perform three different ANN models. One only includes data that are directly observed from the economic environment, i.e. strike price, spot price, interest rate, maturity, type of the contract. The others include an extra input that is not an observable data but a parameter, i.e. volatility. With these detail data, the performance of ANN in put/call dimension, American/European dimension, moneyness dimension is analyzed and whether the contribution of the volatility in neural network analysis make improvement in prediction performance or not is examined. The most striking results revealed by the study is that ANN shows better performance when pricing call options compared to put options; and the use of volatility parameter as an input does not improve the performance.
Abstract: While the problem based learning (PBL) approach promotes unsupervised self-directed learning (SDL), many students experience difficulty juggling the role of being an information recipient and information seeker. Logbooks have been used to assess trainee doctors but not in other areas. This study aimed to determine the effectiveness of logbook for assessing SDL during PBL sessions in first year medical students. The log book included a learning checklist and knowledge and skills components. Comparisons with the baseline assessment of student performance in PBL and that at semester end after logbook intervention showed significant improvements in student performance (31.5 ± 8 vs. 17.7 ± 4.4; p
Abstract: The paper reviews the relationship between spatial
and transportation planning in the Southern African Development
Community (SADC) region of Sub-Saharan Africa. It argues that
most urbanisation in the region has largely occurred subsequent to
the 1950s and, accordingly, urban development has been
profoundly and negatively affected by the (misguided) spatial and
institutional tenets of modernism. It demonstrates how a
considerable amount of the poor performance of these settlements
can be directly attributed to this. Two factors in particular about the
planning systems are emphasized: the way in which programmatic
land-use planning lies at the heart of both spatial and transportation
planning; and the way on which transportation and spatial planning
have been separated into independent processes. In the final
section, the paper identifies ways of improving the planning
system. Firstly, it identifies the performance qualities which
Southern African settlements should be seeking to achieve.
Secondly, it focuses on two necessary arenas of change: the need to
replace programmatic land-use planning practices with structuralspatial
approaches; and it makes a case for making urban corridors
a spatial focus of integrated planning, as a way of beginning the
restructuring and intensification of settlements which are currently
characterised by sprawl, fragmentation and separation
Abstract: Risk of infectious disease outbreaks is related to the
hygiene among the population. To assess the actual risks and modify
the relevant emergency procedures if necessary, a hygiene survey
was conducted among undergraduate students on the Rhodes
University campus. Soap was available to 10.5% and only 26.8% of
the study participants followed proper hygiene in relation to food
consumption. This combination increases the risk of infectious
disease outbreaks at the campus. Around 83.6% were willing to wash
their hands if soap was provided. Procurement and availability of
soap in undergraduate residences on campus should be improved, as
the total cost is estimated at only 2000 USD per annum. Awareness
campaigns about food-related hygiene and the need for regular handwashing
with soap should be run among Rhodes University students.
If successful, rates of respiratory and hygiene-related diseases will be
decreased and emergency health management simplified.
Abstract: Today with the rapid growth of telecommunications equipment, electronic and developing more and more networks of power, influence of electromagnetic waves on one another has become hot topic discussions. So in this article, this issue and appropriate mechanisms for EMC operations have been presented. First, impact of high voltage lines on the surrounding environment especially on the control room has been investigated, then to reduce electromagnetic radiation, various methods of shielding are provided and shielding effectiveness of them has been compared. It should be expressed that simulations have been done by the finite element method (FEM).
Abstract: Work is focused to the study of unburned carbon in
ash from coal (and wastes) combustion in 8 combustion tests at 3
fluidised-bed power station, at co-combustion of coal and wastes
(also at fluidized bed) and at bench-scale unit simulating coal
combustion in small domestic furnaces. The attention is paid to
unburned carbon contents in bottom ashes and fly ashes at these 8
combustion tests and to morphology of unburned carbons. Specific
surface area of coals, unburned carbons and ashes and the relation of
specific surface area of unburned carbon and the content of volatile
combustibles in coal were studied as well.
Abstract: Information is increasing in volumes; companies are overloaded with information that they may lose track in getting the intended information. It is a time consuming task to scan through each of the lengthy document. A shorter version of the document which contains only the gist information is more favourable for most information seekers. Therefore, in this paper, we implement a text summarization system to produce a summary that contains gist information of oil and gas news articles. The summarization is intended to provide important information for oil and gas companies to monitor their competitor-s behaviour in enhancing them in formulating business strategies. The system integrated statistical approach with three underlying concepts: keyword occurrences, title of the news article and location of the sentence. The generated summaries were compared with human generated summaries from an oil and gas company. Precision and recall ratio are used to evaluate the accuracy of the generated summary. Based on the experimental results, the system is able to produce an effective summary with the average recall value of 83% at the compression rate of 25%.
Abstract: This paper describes the two actual tendencies in the
software development process usage: 'Scrum' and 'work in home
office'. It-s exposed the four main challenges to adopt Scrum
framework for distributed teams in this cited kind of work. The
challenges are mainly based on the communication problems due
distances since the Scrum encourages the team to work together in
the same room, and this is not possible when people work distributed
in their homes.
Abstract: The AL-MAJIRI school system is a variant of private
Arabic and Islamic schools which cater for the religious and moral development of Muslims. In the past, the system produced clerics,
scholars, judges, religious reformers, eminent teachers and great men who are worthy of emulation, particularly in northern Nigeria.
Gradually, the system lost its glory but continued to discharge its
educational responsibilities to a certain extent. This paper takes a
look at the activities of the AL-MAJIRI schools. The introduction
provides background information about Nigeria where the schools
operate. This is followed by an overview of the Nigerian educational system, the nature and the features of the AL-MAJIRI school system,
its weaknesses and the current challenges facing the schools. The paper concludes with emphasis on the urgent need for a comprehensive reform of the curriculum content of the schools. The step by step procedure required for the reform is discussed.
Abstract: Wireless sensor networks (WSN) are currently
receiving significant attention due to their unlimited potential. These
networks are used for various applications, such as habitat
monitoring, automation, agriculture, and security. The efficient nodeenergy
utilization is one of important performance factors in wireless
sensor networks because sensor nodes operate with limited battery
power. In this paper, we proposed the MiSense hierarchical cluster
based routing algorithm (MiCRA) to extend the lifetime of sensor
networks and to maintain a balanced energy consumption of nodes.
MiCRA is an extension of the HEED algorithm with two levels of
cluster heads. The performance of the proposed protocol has been
examined and evaluated through a simulation study. The simulation
results clearly show that MiCRA has a better performance in terms of
lifetime than HEED. Indeed, MiCRA our proposed protocol can
effectively extend the network lifetime without other critical
overheads and performance degradation. It has been noted that there
is about 35% of energy saving for MiCRA during the clustering
process and 65% energy savings during the routing process compared
to the HEED algorithm.
Abstract: Synthesis gas manufacturing by steam reforming of hydrocarbons is an important industrial process. High endothermic nature of the process makes it one of the most cost and heat intensive processes. In the present work, composite effect of different inert gases on synthesis gas yield, feed gas conversion and temperature distribution along the reactor length has been studied using a heterogeneous model. Mathematical model was developed as a first stage and validated against the existing process models. With the addition of inert gases, a higher yield of synthesis gas is observed. Simultaneously the rector outlet temperature drops to as low as 810 K. It was found that Xenon gives the highest yield and conversion while Helium gives the lowest temperature. Using Xenon inert gas 20 percent reduction in outlet temperature was observed compared to traditional case.
Abstract: In some real applications of Statistical Process Control
it is necessary to design a control chart to not detect small process
shifts, but keeping a good performance to detect moderate and large
shifts in the quality. In this work we develop a new quality control
chart, the synthetic T2 control chart, that can be designed to cope with
this objective. A multi-objective optimization is carried out employing
Genetic Algorithms, finding the Pareto-optimal front of
non-dominated solutions for this optimization problem.
Abstract: Fly ash is a significant waste that is released of
thermal power plants and defined as very fine particles that are drifted upward with up taken by the flue gases due to the burning of
used coal [1]. The fly-ash is capable of removing organic
contaminants in consequence of high carbon content, a large surface area per unit volume and contained heavy metals. Therefore, fly ash
is used as an effective coagulant and adsorbent by pelletization [2, 3].
In this study, the possibility of use of fly ash taken from Turkey like low-cost adsorbent for adsorption of zinc ions found in waste
water was investigated. The fly ash taken from Turkey was pelletized with bentonite and molass to evaluate the adsorption capaticity. For
this purpose; analyses such as sieve analysis, XRD, XRF, FTIR and SEM were performed. As a result, it was seen that pellets prepared
from fly ash, bentonite and molass would be used for zinc adsorption.
Abstract: In-core memory requirement is a bottleneck in solving
large three dimensional Navier-Stokes finite element problem
formulations using sparse direct solvers. Out-of-core solution
strategy is a viable alternative to reduce the in-core memory
requirements while solving large scale problems. This study
evaluates the performance of various out-of-core sequential solvers
based on multifrontal or supernodal techniques in the context of
finite element formulations for three dimensional problems on a
Windows platform. Here three different solvers, HSL_MA78,
MUMPS and PARDISO are compared. The performance of these
solvers is evaluated on a 64-bit machine with 16GB RAM for finite
element formulation of flow through a rectangular channel. It is
observed that using out-of-core PARDISO solver, relatively large
problems can be solved. The implementation of Newton and
modified Newton's iteration is also discussed.
Abstract: The research objective of the project and article
“European Ecological Network Natura 2000 – opportunities and
threats” Natura 2000 sites constitute a form of environmental
protection, several legal problems are likely to result. Most
controversially, certain sites will be subject to two regimes of
protection: as national parks and as Natura 2000 sites. This dualism
of the legal regulation makes it difficult to perform certain legal
obligations related to the regimes envisaged under each form of
environmental protection. Which regime and which obligations
resulting from the particular form of environmental protection have
priority and should prevail? What should be done if these obligations
are contradictory? Furthermore, an institutional problem consists in
that no public administration authority has the power to resolve legal
conflicts concerning the application of a particular regime on a given
site. There are also no criteria to decide priority and superiority of
one form of environmental protection over the other. Which
regulations are more important, those that pertain to national parks or
to Natura 2000 sites? In the light of the current regulations, it is
impossible to give a decisive answer to these questions. The internal
hierarchy of forms of environmental protection has not been
determined, and all such forms should be treated equally.
Abstract: Background: Dialign is a DNA/Protein alignment tool
for performing pairwise and multiple pairwise alignments through the
comparison of gap-free segments (fragments) between sequence
pairs. An alignment of two sequences is a chain of fragments, i.e
local gap-free pairwise alignments, with the highest total score.
METHOD: A new approach is defined in this article which relies on
the concept of using three-dimensional fragments – i.e. local threeway
alignments -- in the alignment process instead of twodimensional
ones. These three-dimensional fragments are gap-free
alignments constituting of equal-length segments belonging to three
distinct sequences. RESULTS: The obtained results showed good
improvments over the performance of DIALIGN.
Abstract: This paper presents the significant factor and give
some suggestion that should know before design. The main objective of this paper is guide the first step for someone who attends to design of grounding system before study in details later. The overview of
grounding system can protect damage from fault such as can save a human life and power system equipment. The unsafe conditions have
three cases. Case 1) maximum touch voltage exceeds the safety
criteria. In this case, the conductor compression ratio of the ground gird should be first adjusted to have optimal spacing of ground grid
conductors. If it still over limit, earth resistivity should be consider afterward. Case 2) maximum step voltage exceeds the safety criteria.
In this case, increasing the number of ground grid conductors around
the boundary can solve this problem. Case 3) both of maximum touch
and step voltage exceed the safety criteria. In this case, follow the solutions explained in case 1 and case 2. Another suggestion, vary depth of ground grid until maximum step and touch voltage do not
exceed the safety criteria.
Abstract: In this paper, a tooth shape optimization method for
cogging torque reduction in Permanent Magnet (PM) motors is
developed by using the Reduced Basis Technique (RBT) coupled by
Finite Element Analysis (FEA) and Design of Experiments (DOE)
methods. The primary objective of the method is to reduce the
enormous number of design variables required to define the tooth
shape. RBT is a weighted combination of several basis shapes. The
aim of the method is to find the best combination using the weights
for each tooth shape as the design variables. A multi-level design
process is developed to find suitable basis shapes or trial shapes at
each level that can be used in the reduced basis technique. Each level
is treated as a separated optimization problem until the required
objective – minimum cogging torque – is achieved. The process is
started with geometrically simple basis shapes that are defined by
their shape co-ordinates. The experimental design of Taguchi method
is used to build the approximation model and to perform
optimization. This method is demonstrated on the tooth shape
optimization of a 8-poles/12-slots PM motor.
Abstract: Increasing growth of information volume in the
internet causes an increasing need to develop new (semi)automatic
methods for retrieval of documents and ranking them according to
their relevance to the user query. In this paper, after a brief review
on ranking models, a new ontology based approach for ranking
HTML documents is proposed and evaluated in various
circumstances. Our approach is a combination of conceptual,
statistical and linguistic methods. This combination reserves the
precision of ranking without loosing the speed. Our approach
exploits natural language processing techniques to extract phrases
from documents and the query and doing stemming on words. Then
an ontology based conceptual method will be used to annotate
documents and expand the query. To expand a query the spread
activation algorithm is improved so that the expansion can be done
flexible and in various aspects. The annotated documents and the
expanded query will be processed to compute the relevance degree
exploiting statistical methods. The outstanding features of our
approach are (1) combining conceptual, statistical and linguistic
features of documents, (2) expanding the query with its related
concepts before comparing to documents, (3) extracting and using
both words and phrases to compute relevance degree, (4) improving
the spread activation algorithm to do the expansion based on
weighted combination of different conceptual relationships and (5)
allowing variable document vector dimensions. A ranking system
called ORank is developed to implement and test the proposed
model. The test results will be included at the end of the paper.
Abstract: The main goal of this paper is to show a possibility, how to solve numerically elliptic boundary value problems arising in 2D linear elasticity by using the fictitious domain method (FDM) and the Total-FETI domain decomposition method. We briefly mention the theoretical background of these methods and demonstrate their performance on a benchmark.