Abstract: In this paper, we provided a literature survey on the
artificial stock problem (ASM). The paper began by exploring the
complexity of the stock market and the needs for ASM. ASM
aims to investigate the link between individual behaviors (micro
level) and financial market dynamics (macro level). The variety of
patterns at the macro level is a function of the AFM complexity. The
financial market system is a complex system where the relationship
between the micro and macro level cannot be captured analytically.
Computational approaches, such as simulation, are expected to
comprehend this connection. Agent-based simulation is a simulation
technique commonly used to build AFMs. The paper proceeds by
discussing the components of the ASM. We consider the roles
of behavioral finance (BF) alongside the traditionally risk-averse
assumption in the construction of agent’s attributes. Also, the
influence of social networks in the developing of agents interactions is
addressed. Network topologies such as a small world, distance-based,
and scale-free networks may be utilized to outline economic
collaborations. In addition, the primary methods for developing
agents learning and adaptive abilities have been summarized.
These incorporated approach such as Genetic Algorithm, Genetic
Programming, Artificial neural network and Reinforcement Learning.
In addition, the most common statistical properties (the stylized facts)
of stock that are used for calibration and validation of ASM are
discussed. Besides, we have reviewed the major related previous
studies and categorize the utilized approaches as a part of these
studies. Finally, research directions and potential research questions
are argued. The research directions of ASM may focus on the macro
level by analyzing the market dynamic or on the micro level by
investigating the wealth distributions of the agents.
Abstract: Voting algorithms are extensively used to make
decisions in fault tolerant systems where each redundant module
gives inconsistent outputs. Popular voting algorithms include
majority voting, weighted voting, and inexact majority voters. Each
of these techniques suffers from scenarios where agreements do not
exist for the given voter inputs. This has been successfully overcome
in literature using fuzzy theory. Our previous work concentrated on a
neuro-fuzzy algorithm where training using the neuro system
substantially improved the prediction result of the voting system.
Weight training of Neural Network is sub-optimal. This study
proposes to optimize the weights of the Neural Network using
Artificial Bee Colony algorithm. Experimental results show the
proposed system improves the decision making of the voting
algorithms.
Abstract: In developing countries, one of the most important
restrictions about the economic growth is the lack of national savings
which are supposed to finance the investments. In order to overcome
this restriction and achieve the higher rate of economic growth by
increasing the level of output, countries choose the external
borrowing. However, there is a dispute in the literature over the
correlation between external debt and economic growth. The aim of
this study is to examine the effects of external debt on Turkish
economic growth by using VAR analysis with the quarterly data over
the period of 2002:01-2014:04. In this respect, Johansen
Cointegration Test, Impulse- Response Function and Variance
Decomposition Tests will be used for analyses. Empirical findings
show that there is no cointegration in the long run.
Abstract: Nowadays, technological progress is one of the most
important components of economic growth and the efficiency of
R&D activities is particularly essential for countries. This study is an
attempt to analyze the R&D efficiencies of EU countries. The
indicators related to R&D efficiencies should be determined in
advance in order to use DEA. For this reason a list of input and
output indicators are derived from the literature review. Considering
the data availability, a final list is given for the numerical analysis for
future research.
Abstract: The causality between energy consumption and
economic growth has been an important issue in the economic
literature. This paper studies the causal relationship between
electricity consumption and economic growth in Mexico for the
period of 1971-2011. In so doing, unit root and causality tests are
applied. The results show that energy consumption and economic
growth series are stationary and there is also a causality relationship
running from economic growth to electricity consumption. Therefore,
any energy conservation policy would have little or no impact at all
on economic growth in México.
Abstract: This paper presents an approach of on-line control of
the state of technosphere and environment objects based on the
integration of Data Warehouse, OLAP and Expert systems
technologies. It looks at the structure and content of data warehouse
that provides consolidation and storage of monitoring data. There is a
description of OLAP-models that provide a multidimensional
analysis of monitoring data and dynamic analysis of principal
parameters of controlled objects. The authors suggest some criteria of
emergency risk assessment using expert knowledge about danger
levels. It is demonstrated now some of the proposed solutions could
be adopted in territorial decision making support systems.
Operational control allows authorities to detect threat, prevent natural
and anthropogenic emergencies and ensure a comprehensive safety of
territory.
Abstract: Significant attention has recently been paid to the
cross-cultural negotiations due to the growth of international
businesses. Despite the substantial body of literature examining the
influence of National Culture (NC) dimensions on negotiations, there
is a lack of studies comparing the influence of NC in Latin America
with a Western European countries, In particular, an extensive review
of the literature revealed that a contribution to knowledge would be
derived from the comparison of the influence of NC dimensions on
negotiations in UK and Venezuela. The primary data was collected
through qualitative interviews, to obtain an insight about the
perceptions and beliefs of Venezuelan and British business managers
about their negotiating styles. The findings of this study indicated
that NC has a great influence on the negotiating styles. In particular,
Venezuelan and British managers demonstrated to have opposed
negotiating styles, affecting the way they communicate, approach
people and their willingness to take risks.
Abstract: This paper will seek to clarify important key terms
such as home schooling and home education as well as the legalities
attached to such terms. It will reflect on the recent proposed changes
to terminology in NSW, Australia. The various pedagogical
approaches to home education will be explored including their
prominence in the Australian context. There is a strong focus on
literature from Australia. The historical background of home
education in Australia will be explained as well as the difference
between distance education and home education. The future of home
education in Australia will be discussed.
Abstract: In this paper, the specific sound Transmission Loss
(TL) of the Laminated Composite Plate (LCP) with different material
properties in each layer is investigated. The numerical method to
obtain the TL of the LCP is proposed by using elastic plate theory. The
transfer matrix approach is novelty presented for computational
efficiency in solving the numerous layers of dynamic stiffness matrix
(D-matrix) of the LCP. Besides the numerical simulations for
calculating the TL of the LCP, the material properties inverse method
is presented for the design of a laminated composite plate analogous to
a metallic plate with a specified TL. As a result, it demonstrates that
the proposed computational algorithm exhibits high efficiency with a
small number of iterations for achieving the goal. This method can be
effectively employed to design and develop tailor-made materials for
various applications.
Abstract: Bicycle Level of Service (BLOS) is a measure for
evaluating street conditions for cyclists. Currently, various methods
are proposed for BLOS. These analytical methods however have
some drawbacks: they usually assume cyclists as users that can share
street facilities with motorized vehicles, it is not easy to link them to
design process and they are not easy to follow. In addition, they only
support a narrow range of cycling facilities and may not be applicable
for all situations. Along this, the current paper introduces various
effective design factors for bicycle-friendly streets. This study
considers cyclists as users of streets who have special needs and
facilities. Therefore, the key factors that influence BLOS based on
different cycling facilities that are proposed by developed guidelines
and literature are identified. The combination of these factors
presents a complete set of effective design factors for bicycle-friendly
streets. In addition, the weight of each factor in existing BLOS
models is estimated and these effective factors are ranked based on
these weights. These factors and their weights can be used in further
studies to propose special bicycle-friendly street design model.
Abstract: The main parameters affecting the workability are the
water content, particle size, and the total surface of the grains, as long
as the mixing water begins by wetting the surface of the grains and
then fills the voids between the grains to form entrapped water, the
quantity of water remaining is called free water. The aim of this study is to undertake a fractal approach through
the relationship between the concrete formulation parameters and
workability. To develop this approach a series of concrete taken from
the literature was investigated by varying formulation parameters
such as G/S, the quantity of cement C and the quantity of water W. We also call another model as the model of water layer thickness
and model of paste layer thickness to judge their relevance, hence the
following results: the relevance of the water layer thickness model is
considered as a relevant when there is a variation in the water
quantity. The model of the paste layer thickness is only applicable if
we considered that the paste is made with the grain value Dmax =
2.85: value from which we see a stability of the model.
Abstract: The efficient and economic allocation of resources is
one main goal in the field of production planning and control.
Nowadays, a new variable gains in importance throughout the
planning process: Energy. Energy-efficiency has already been widely
discussed in literature, but with a strong focus on reducing the overall
amount of energy used in production. This paper provides a brief
systematic approach, how energy-supply-orientation can be used for
an energy-cost-efficient production planning and thus combining the
idea of energy-efficiency and energy-flexibility.
Abstract: Steepest descent method is a simple gradient method
for optimization. This method has a slow convergence in heading to
the optimal solution, which occurs because of the zigzag form of the
steps. Barzilai and Borwein modified this algorithm so that it
performs well for problems with large dimensions. Barzilai and
Borwein method results have sparked a lot of research on the method
of steepest descent, including alternate minimization gradient method
and Yuan method. Inspired by previous works, we modified the step
size of the steepest descent method. We then compare the
modification results against the Barzilai and Borwein method,
alternate minimization gradient method and Yuan method for
quadratic function cases in terms of the iterations number and the
running time. The average results indicate that the steepest descent
method with the new step sizes provide good results for small
dimensions and able to compete with the results of Barzilai and
Borwein method and the alternate minimization gradient method for
large dimensions. The new step sizes have faster convergence
compared to the other methods, especially for cases with large
dimensions.
Abstract: This paper presents a state-of-the-art survey of the
operations research models developed for internal audit planning.
Two alternative approaches have been followed in the literature for
audit planning: (1) identifying the optimal audit frequency; and (2)
determining the optimal audit resource allocation. The first approach
identifies the elapsed time between two successive audits, which can
be presented as the optimal number of audits in a given planning
horizon, or the optimal number of transactions after which an audit
should be performed. It also includes the optimal audit schedule. The
second approach determines the optimal allocation of audit frequency
among all auditable units in the firm. In our review, we discuss both
the deterministic and probabilistic models developed for audit
planning. In addition, game theory models are reviewed to find the
optimal auditing strategy based on the interactions between the
auditors and the clients.
Abstract: Accurate forecasting of fresh produce demand is one
the challenges faced by Small Medium Enterprise (SME)
wholesalers. This paper is an attempt to understand the cause for the
high level of variability such as weather, holidays etc., in demand of
SME wholesalers. Therefore, understanding the significance of
unidentified factors may improve the forecasting accuracy. This
paper presents the current literature on the factors used to predict
demand and the existing forecasting techniques of short shelf life
products. It then investigates a variety of internal and external
possible factors, some of which is not used by other researchers in the
demand prediction process. The results presented in this paper are
further analysed using a number of techniques to minimize noise in
the data. For the analysis past sales data (January 2009 to May 2014)
from a UK based SME wholesaler is used and the results presented
are limited to product ‘Milk’ focused on café’s in derby. The
correlation analysis is done to check the dependencies of variability
factor on the actual demand. Further PCA analysis is done to
understand the significance of factors identified using correlation.
The PCA results suggest that the cloud cover, weather summary and
temperature are the most significant factors that can be used in
forecasting the demand. The correlation of the above three factors
increased relative to monthly and becomes more stable compared to
the weekly and daily demand.
Abstract: Research Objectives: The roles and activities of
Human Resource Management (HRM) have changed a lot in the past
years. Driven by a changing environment and therefore new business
requirements, the scope of human resource (HR) activities has
widened. The extent to which these activities should focus on
strategic issues to support the long term success of a company has
been discussed in science for many years. As many economies of
Central and Eastern Europe (CEE) experienced a phase of transition
after the socialist era and are now recovering from the 2008 global
crisis it is needed to examine the current state of HR positioning.
Furthermore a trend in HR work developing from rather
administrative units to being strategic partners of management can be
noticed. This leads to the question of better understanding the
underlying competencies which are necessary to support
organisations. This topic was addressed by the international study
“HR Competencies in international comparison”. The quantitative
survey was conducted by the Institute for Human Resources &
Organisation of FHWien University of Applied Science of WKW (A)
in cooperation with partner universities in the countries Bosnia-
Herzegovina, Croatia, Serbia and Slovenia. Methodology: Using the
questionnaire developed by Dave Ulrich we tested whether the HR
Competency model can be used for Austria, Bosnia and Herzegovina,
Croatia, Serbia and Slovenia. After performing confirmatory and
exploratory factor analysis for the whole data set containing all five
countries we could clearly distinguish between four competencies. In
a further step our analysis focused on median and average
comparisons between the HR competency dimensions. Conclusion:
Our literature review, in alignment with other studies, shows a
relatively rapid pace of development of HR Roles and HR
Competencies in BCSS in the past decades. Comparing data from
BCSS and Austria we still can notice that regards strategic orientation
there is a lack in BCSS countries, thus competencies are not as
developed as in Austria. This leads us to the tentative conclusion that
HR has undergone a rapid change but is still in a State of Transition
from being a rather administrative unit to performing the role of a
strategic partner.
Abstract: The purpose of this paper is to present a modeling and
control of a quarter-car active suspension system with unknown
mass, unknown time-delay and road disturbance. The objective of
designing the controller is to derive a control law to achieve stability
of the system and convergence that can considerably improve ride
comfort and road disturbance handling. This is accomplished by
using Routh-Hurwitz criterion based on defined parameters.
Mathematical proof is given to show the ability of the designed
controller to ensure the target of design, implementation with the
active suspension system and enhancement dispersion oscillation of
the system despite these problems. Simulations were also performed
to control quarter car suspension, where the results obtained from
these simulations verify the validity of the proposed design.
Abstract: Contemporary theories of sustainability, concerning
the natural and built environment, have recently introduced an
environmental attitude towards the architectural design that, in turn,
affects the practice of conservation and reuse of the existing building
stock. This paper presents an environmentally friendly approach
towards the conservation of vernacular architecture and it is based on
the results of a research program which involved the investigation of
sustainable design elements of traditional buildings in Cyprus. The
research in question showed that Cypriot vernacular architecture gave
more emphasis on cooling rather than heating strategies. Another
notable finding of the investigation was the great importance given to
courtyards as they enhance considerably, and in various ways, the
microclimatic conditions of the immediate environment with
favorable results throughout the year. Moreover, it was shown that
the reduction in temperature fluctuation observed in the closed and
semi-open spaces, compared to the respective temperature fluctuation
of the external environment -due to the thermal inertia of the building
envelope- helps towards the achievement of more comfortable living
conditions within traditional dwellings. This paper concludes with a
proposal of a sustainable approach towards the conservation of the
existing environment and the introduction of new environmental
criteria for the conservation of traditional buildings, beyond the
aesthetic, morphological and structural ones that are generally
applied.
Abstract: This paper presents the design, development and
evaluation of an application prototype developed to support
tuberculosis (TB) patients’ treatment adherence. The system makes
use of graphics and voice reminders as opposed to text messaging to
encourage patients to follow their medication routine. To evaluate the
effect of the prototype applications, participants were given mobile
phones on which the reminder system was installed. Thirty-eight
people, including TB health workers and patients from Zanzibar,
Tanzania, participated in the evaluation exercises. The results
indicate that the participants found the mobile image-based
application is useful to support TB treatment. All participants
understood and interpreted the intended meaning of every image
correctly. The study findings revealed that the use of a mobile visualbased
application may have potential benefit to support TB patients
(both literate and illiterate) in their treatment processes.
Abstract: The growth of organic farming practices in the last
few decades is continuing to stimulate the international debate about
this alternative food market. As a part of a PhD project research
about embeddedness in Alternative Food Networks (AFNs), this
paper focuses on the promotional aspects of organic farms websites
from the Madrid region. As a theoretical tool, some knowledge
categories drawn on the geographic studies literature are used to
classify the many ideas expressed in the web pages. By analysing
texts and pictures of 30 websites, the study aims to question how and
to what extent actors from organic world communicate to the
potential customers their personal beliefs about farming practices,
products qualities, and ecological and social benefits. Moreover, the
paper raises the question of whether organic farming laws and
regulations lack of completeness about the social and cultural aspects
of food.