Abstract: Cemented carbide balls are usually implemented in
industry under the environment of high speed, high temperature,
corrosiveness and strong collisions. However, its application is limited
due to high fabrication cost, processing efficiency and quality. A novel
eccentric lapping method with two rotatable lapping plates was
proposed in this paper. A mathematical model was constructed to
analyze the influence of each design parameter on this lapping method.
To validate this new lapping method, an orthogonal experiment was
conducted with cemented carbide balls (YG6). The simulation model
was verified and the optimal lapping parameters were derived. The
results show that the surface roundness of the balls reaches to 0.65um
from 2um in 1 hour using this lapping method. So, using this novel
lapping method, it can effectively improve the machining precision
and efficiency of cemented carbide balls.
Abstract: New physical insights into the nonlinear Lorenz
equations related to flow resistance is discussed in this work. The
chaotic dynamics related to Lorenz equations has been studied in
many papers, which is due to the sensitivity of Lorenz equations to
initial conditions and parameter uncertainties. However, the physical
implication arising from Lorenz equations about convectional motion
attracts little attention in the relevant literature. Therefore, as a first
step to understand the related fluid mechanics of convectional motion,
this paper derives the Lorenz equations again with different forced
conditions in the model. Simulation work of the modified Lorenz
equations without the viscosity or buoyancy force is discussed. The
time-domain simulation results may imply that the states of the
Lorenz equations are related to certain flow speed and flow resistance.
The flow speed of the underlying fluid system increases as the flow
resistance reduces. This observation would be helpful to analyze the
coupling effects of different fluid parameters in a convectional model
in future work.
Abstract: One of the best examples, in evolution of the public
procurement, from post-soviet countries are reforms carried out in
Georgia, which brought them close to international standards of
procurement. In Georgia, public procurement legislation started
functioning short after gaining independence. The reform has passed
several stages and came in the form as it is today. It should also be
noted, that countries with economy in transition, including Georgia,
implemented all the reforms in public procurement based on
recommendations and support of World Bank, the United Nations
and other international organizations.
The aim of first adopted law was regulation of the procurement
process of budget-organizations, transparency and creation of
competitive environment for private companies to access state funds
legally. The priorities were identified quite clearly in the wording of
the law, but operation/function of this law could not be reached on its
level, because of some objective and subjective reasons. The high
level of corruption in all levels of governance can be considered as a
main obstacle reason and of course, it is natural, that it had direct
impact on the procurement process, as well as on transparency and
rational use of state funds. These circumstances were the reasons that
reforms in this sphere continued, to improve procurement process, in
particular, the first wave of reforms began after several years. Public
procurement agency carried out reform with World Bank with main
purpose of smartening the procurement legislation and its
harmonization with international treaties and agreements. Also with
the support of World Bank various activities were carried out to raise
awareness of participants involved in procurement system.
Further major changes in the legislation were filed bit later, which
was also directed towards the improvement and smarten of the
procurement process. The third wave of the reform more or less
guaranteed the transparency of the procurement process, which later
became the basis for the rational spending of state funds. The reform
of the procurement system completely changed the procedures.
Carried out reform in Georgia resulted in introducing new
electronic tendering system, which benefit the transparency of the
process, after this became the basis for the further development of a
competitive environment, which become a prerequisite for the state
rational spending. Increased number of supplier organizations
participating in the procurement process resulted in reduction of the
estimated cost and the actual cost.
Assessment of the reforms in Georgia in the field of public
procurement can be concluded, that proper regulation of the sector
and relevant policy may proceed to rational and transparent spending
of the budget from country’s state institutions. Also, the business
sector has the opportunity to work in competitive market conditions
and to make a preliminary analysis, which is a prerequisite for future
strategy and development.
Abstract: Hurling a successful Construction and Demolition
Waste (C&DW) recycling operation around the globe is a challenge
today, predominantly because secondary materials markets are yet to
be integrated. Reducing, Reusing and recycling of (C&DW) have
been employed over the years, and various techniques have been
investigated. However, the economic and environmental viability of
its application seems limited. This paper discusses the costs and
benefits in using secondary materials and focus on investigating reuse
and recycling process for five major types of construction materials:
concrete, metal, wood, cardboard/paper and plasterboard. Data
obtained from demolition specialists and contractors are considered
and evaluated. The research paper found that construction material
recovery process fully incorporate a 3R’s principle contributing to
saving energy and natural resources. This scrutiny leads to the
empathy of grand challenges in construction material recovery
process. Recommendations to deepen material recovery process are
also discussed.
Abstract: MSMEs are regarded as the sunrise sector of the
Indian economy in view of its large potential for growth and likely
socio economic impact specifically on employment and income
generation. In today’s competitive business environment, global
competition forces companies to continuously seek ways of
improving their products and services. The pressure on organizations
to adapt to new technologies and external threats requires
resourcefulness, creativity and innovation. Market has become more
open, competitive and customers more demanding. Without
continuous technology innovation, no organization can ever remain
competitive. Innovations reflect a critical way in which organizations
respond to either technological or market challenges. The need of the
market is to deliver high quality products through continuous
changing in features in product, improve existing products, reduce
their cost, and improve employee skills, training, technology
infrastructure and financial policies. Therefore, the key factor of
organization’s ability to change is innovation. The study presents a
detailed review of literature on the role of technology innovation in
improving manufacturing performance of industries.
Abstract: Previous studies on financial distress prediction choose
the conventional failing and non-failing dichotomy; however, the
distressed extent differs substantially among different financial
distress events. To solve the problem, “non-distressed”, “slightlydistressed”
and “reorganization and bankruptcy” are used in our article
to approximate the continuum of corporate financial health. This paper
explains different financial distress events using the two-stage method.
First, this investigation adopts firm-specific financial ratios, corporate
governance and market factors to measure the probability of various
financial distress events based on multinomial logit models.
Specifically, the bootstrapping simulation is performed to examine the
difference of estimated misclassifying cost (EMC). Second, this work
further applies macroeconomic factors to establish the credit cycle
index and determines the distressed cut-off indicator of the two-stage
models using such index. Two different models, one-stage and
two-stage prediction models are developed to forecast financial
distress, and the results acquired from different models are compared
with each other, and with the collected data. The findings show that the
one-stage model has the lower misclassification error rate than the
two-stage model. The one-stage model is more accurate than the
two-stage model.
Abstract: Africa enjoys some of the best solar radiation levels in
the world averaging between 4-6 kWh/m2/day for most of the year
and the global economic and political conditions that tend to make
African countries more dependent on their own energy resources
have caused growing interest in renewable energy based
technologies. However to-date, implementation of modern Energy
Technologies in Africa is still very low especially the use of solar
conversion technologies. This paper presents literature review and
analysis relating to the techno-economic feasibility of solar
photovoltaic power generation in Africa. The literature is basically
classified into the following four main categories. Techno-economic
feasibility of solar photovoltaic power generation, design methods,
performance evaluations of various systems and policy of potential
future of technological development of photovoltaic (PV) in Africa
by exploring the impact of alternative policy instruments and
technology cost reductions on the financial viability of investing solar
photovoltaic in Africa.
Abstract: In this paper, effects of using Alumina-water
nanofluid on the rate of heat transfer have been investigated
numerically. Physical model is a square enclosure with insulated top
and bottom horizontal walls, while the vertical walls are kept at
different constant temperatures. Two appropriate models are used to
evaluate the viscosity and thermal conductivity of nanofluid. The
governing stream-vorticity equations are solved using a second order
central finite difference scheme, coupled to the conservation of mass
and energy. The study has been carried out for the Richardson
number 0.1 to 10 and the solid volume fraction 0 to 0.04. Results are
presented by isotherms lines, average Nusselt number and normalized
Nusselt number in different range of φ and Ri for forced, combined
and natural convection dominated regime. It is found that higher heat
transfer rate is predicted when the effects of nanoparticle is taken into
account.
Abstract: Presently, it is necessary to ensure the sustainable
development of passenger and freight transport. Increasing
performance of road freight has had a negative impact to environment
and society. It is therefore necessary to increase the competitiveness
of intermodal transport, which is more environmentally friendly. The
study describes the effectiveness of logistical centers realization for
companies and society and research how the partial internalization of
external costs reflected in the efficient use of these centers and
increase the competitiveness of intermodal transport to road freight.
In our research, we use the method of comparative analysis and
market research to describe the advantages of logistic centers for their
users as well as for society as a whole. Method normal costing is used
for calculation infrastructure and total costs, method of conversion
costing for determine the external costs. We modelled total society
costs for road freight transport and inter modal transport chain (we
assumed that most of the traffic is carried by rail) with different
loading schemes for condition in the Slovak Republic. Our research
has shown that higher utilization of inter modal transport chain do
good not only for society, but for companies providing freight
services too. Increase in use of inter modal transport chain can bring
many benefits to society that do not bring direct immediate financial
return. They often bring the multiplier effects, such as greater use of
environmentally friendly transport mode and reduce the total society
costs.
Abstract: The objective of this study was to evaluate the
physical and chemical characteristics of Serra da Estrela cheese and
compare these results with those of the sensory analysis. For the
study were taken six samples of Serra da Estrela cheese produced
with 6 different ecotypes of thistle in a dairy situated in Penalva do
Castelo. The chemical properties evaluated were moisture content,
protein, fat, ash, chloride and pH; the physical properties studied
were color and texture; and finally a sensory evaluation was
undertaken. The results showed moisture varying in the range 40-
48%, protein in the range 15-20%, fat between 41-45%, ash between
3.9-5.0% and chlorides varying from 1.2 to 3.0%. The pH varied
from 4.8 to 5.4. The textural properties revealed that the crust
hardness is relatively low (maximum 7.3 N), although greater than
flesh firmness (maximum 1.7 N), and also that these cheeses are in
fact soft paste type, with measurable stickiness and intense
adhesiveness. The color analysis showed that the crust is relatively
light (L* over 50), and with a predominant yellow coloration (b*
around 20 or over) although with a slight greenish tone (a* negative).
The results of the sensory analysis did not show great variability for
most of the attributes measured, although some differences were
found in attributes such as crust thickness, crust uniformity, and
creamy flesh.
Abstract: In this paper, the author studied the possibilities of
using Rice Husk Ash (RHA) available in India; to produce concrete.
Experiments conducted with RHA obtained from West Bengal, India;
to replace cement partially to produce concrete of grade M10, M15,
M20, M25 and M30. The concrete produced in the laboratory by
replacing cement by 5%, 10%, 15%, 20%, 25% and 30% RHA.
Compressive strength tests carried out to determine the strength of
concrete. Cost analysis and comparison done to show the cost
effectiveness of RHA Concrete. Traditional uses of Rice Husk in
India pointed out and the advantages of using RHA in making
concrete highlighted. Suggestion provided regarding prospective
application of RHA concrete in India; which in turn will definitely
reduce the cost of concrete and environmental friendly due to
utilization of waste and replacement of Cement.
Abstract: Quantification of cardiac function is performed by
calculating blood volume and ejection fraction in routine clinical
practice. However, these works have been performed by manual
contouring, which requires computational costs and varies on the
observer. In this paper, an automatic left ventricle segmentation
algorithm on cardiac magnetic resonance images (MRI) is presented.
Using knowledge on cardiac MRI, a K-mean clustering technique is
applied to segment blood region on a coil-sensitivity corrected image.
Then, a graph searching technique is used to correct segmentation
errors from coil distortion and noises. Finally, blood volume and
ejection fraction are calculated. Using cardiac MRI from 15 subjects,
the presented algorithm is tested and compared with manual
contouring by experts to show outstanding performance.
Abstract: Moodle is an open source learning management
system that enables creation of a powerful and flexible learning
environment. Many organizations, especially learning institutions
have customized Moodle open source LMS for their own use. In
general open source LMSs are of great interest due to many
advantages they offer in terms of cost, usage and freedom to
customize to fit a particular context. Tanzania Secondary School e-
Learning (TanSSe-L) system is the learning management system for
Tanzania secondary schools. TanSSe-L system was developed using
a number of methods, one of them being customization of Moodle
Open Source LMS. This paper presents few areas on the way Moodle
OS LMS was customized to produce a functional TanSSe-L system
fitted to the requirements and specifications of Tanzania secondary
schools’ context.
Abstract: While millings materials from old pavement surface
can be an important component of cost effective maintenance
operation, their use in maintenance projects are not uniform and well
documented. This study documents the different maintenance
practices followed by four transportation districts of New Mexico
Department of Transportation (NMDOT) in an attempt to find
whether millings are being used in maintenance projects by those
districts. Based on existing literature, a questionnaire was developed
related to six common maintenance practices. NMDOT district
personal were interviewed face to face to discuss and get answers to
that questionnaire. It revealed that NMDOT districts mainly use chip
seal and patching. Other maintenance procedures such as sand seal,
scrub seal, slurry seal, and thin overlay have limited use. Two out of
four participating districts do not have any documents on chip
sealing; rather they employ the experiences of the chip seal crew. All
districts use polymer modified high float emulsion (HFE100P) for
chip seal with an application rate ranging from 0.4 to 0.56 gallons per
square yard. Chip application rate varies from 15 to 40 lb/ square
yard. State wide, the thickness of chip seal varies from 3/8'' to 1'' and
life varies from 3 to 10 years. NMDOT districts mainly use three type
of patching: pothole, dig-out and blade patch. Pothole patches are
used for small potholes and during emergency, dig-out patches are
used for all type of potholes sometimes after pothole patching, and
blade patch is used when a significant portion of the pavement is
damaged. Pothole patches last as low as three days whereas, blade
patch lasts as long as 3 years. It was observed that all participating
districts use millings in maintenance projects.
Abstract: The rhizome of Java grass, Cyperus rotundus was
extracted different organic polar and non-polar solvents and
performed the in vitro antiviral and immunostimulant activities
against White Spot Syndrome Virus (WSSV) and Vibrio harveyi
respectively. Based on the initial screening the ethyl acetate extract of
C. rotundus was strong activities and further it was purified through
silica column chromatography and the fractions were screened again
for antiviral and immunostimulant activity. Among the different
fractions screened against the WSSV and V. harveyi, the fractions, FIII
to FV had strong activities. In order to study the in vivo influence
of C. rotundus, the fractions (F-III to FV) were pooled and delivered
to the F. indicus through artificial feed for 30 days. After the feeding
trail the experimental and control diet fed F. indicus were challenged
with virulent WSSV and studied the survival, molecular diagnosis,
biochemical, haematological, and immunological parameters.
Surprisingly, the pooled fractions (F-IV to FVI) incorporated diets
helped to significantly (P
Abstract: Polycyclic aromatic hydrocarbons (PAHs) are formed
during the pyrolysis of scrap tyres to produce tyre pyrolytic oil
(TPO). Due to carcinogenic, mutagenic, and toxic properties PAHs
are priority pollutants. Hence it is essential to remove PAHs from
TPO before utilising TPO as a petroleum fuel alternative (to run the
engine). Agricultural wastes have promising future to be utilized as
biosorbent due to their cost effectiveness, abundant availability, high
biosorption capacity and renewability. Various low cost adsorbents
were prepared from natural sources. Uptake of PAHs present in tyre
pyrolytic oil was investigated using various low-cost adsorbents of
natural origin including sawdust (shisham), coconut fiber, neem bark,
chitin, activated charcoal. Adsorption experiments of different PAHs
viz. naphthalene, acenaphthalene, biphenyl and anthracene have been
carried out at ambient temperature (25°C) and at pH 7. It was
observed that for any given PAH, the adsorption capacity increases
with the lignin content. Freundlich constant Kf and 1/n have been
evaluated and it was found that the adsorption isotherms of PAHs
were in agreement with a Freundlich model, while the uptake
capacity of PAHs followed the order: activated charcoal> saw dust
(shisham) > coconut fiber > chitin. The partition coefficients in
acetone-water, and the adsorption constants at equilibrium, could be
linearly correlated with octanol–water partition coefficients. It is
observed that natural adsorbents are good alternative for PAHs
removal. Sawdust of Dalbergia sissoo, a by-product of sawmills was
found to be a promising adsorbent for the removal of PAHs present in
TPO. It is observed that adsorbents studied were comparable to those
of some conventional adsorbents.
Abstract: Analysis of the properties of coconut (Cocos nucifera)
and its oil was evaluated in this work using standard analytical
techniques. The analyses carried out include proximate composition
of the fruit, extraction of oil from the fruit using different process
parameters and physicochemical analysis of the extracted oil. The
results showed the percentage (%) moisture, crude lipid, crude
protein, ash and carbohydrate content of the coconut as 7.59, 55.15,
5.65, 7.35 and 19.51 respectively. The oil from the coconut fruit was
odourless and yellowish liquid at room temperature (30oC). The
treatment combinations used (leaching time, leaching temperature
and solute: solvent ratio) showed significant differences (P
Abstract: Wind energy offers a significant advantage such as no
fuel costs and no emissions from generation. However, wind energy
sources are variable and non-dispatchable. The utility grid is able to
accommodate the variability of wind in smaller proportion along with
the daily load. However, at high penetration levels, the variability can
severely impact the utility reserve requirements and the cost
associated with it. In this paper the impact of wind energy is
evaluated in detail in formulating the total utility cost. The objective
is to minimize the overall cost of generation while ensuring the
proper management of the load. Overall cost includes the curtailment
cost, reserve cost and the reliability cost, as well as any other penalty
imposed by the regulatory authority. Different levels of wind
penetrations are explored and the cost impacts are evaluated. As the
penetration level increases significantly, the reliability becomes a
critical question to be answered. Here we increase the penetration
from the wind yet keep the reliability factor within the acceptable
limit provided by NERC. This paper uses an economic dispatch (ED)
model to incorporate wind generation into the power grid. Power
system costs are analyzed at various wind penetration levels using
Linear Programming. The goal of this study is show how the
increases in wind generation will affect power system economics.
Abstract: Standard processes, similar and limited production
lines, the production of high direct costs will be more accurate than
the use of parts of the traditional cost systems in the literature.
However, direct costs, overhead expenses, in turn, decrease the
burden of increasingly sophisticated production facilities, a situation
that led the researchers to look for the cost of traditional systems of
alternative techniques. Variety cost management approaches for
example Total quality management (TQM), just-in-time (JIT),
benchmarking, kaizen costing, targeting cost, life cycle costs (LLC),
activity-based costing (ABC) value engineering have been
introduced. Management and cost applications have changed over the
past decade and will continue to change. Modern cost systems can
provide relevant and accurate cost information. These methods
provide the decisions about customer, product and process
improvement. The aim of study is to describe and explain the
adoption and application of costing systems in SME. This purpose
reports on a survey conducted during 2014 small and medium sized
enterprises (SME) in Ankara. The survey results were evaluated
using SPSS18 package program.
Abstract: Constructing a portfolio of investments is one of the
most significant financial decisions facing individuals and
institutions. In accordance with the modern portfolio theory
maximization of return at minimal risk should be the investment goal
of any successful investor. In addition, the costs incurred when
setting up a new portfolio or rebalancing an existing portfolio must
be included in any realistic analysis.
In this paper rebalancing an investment portfolio in the presence of
transaction costs on the Croatian capital market is analyzed. The
model applied in the paper is an extension of the standard portfolio
mean-variance optimization model in which transaction costs are
incurred to rebalance an investment portfolio. This model allows
different costs for different securities, and different costs for buying
and selling. In order to find efficient portfolio, using this model, first,
the solution of quadratic programming problem of similar size to the
Markowitz model, and then the solution of a linear programming
problem have to be found. Furthermore, in the paper the impact of
transaction costs on the efficient frontier is investigated. Moreover, it
is shown that global minimum variance portfolio on the efficient
frontier always has the same level of the risk regardless of the amount
of transaction costs. Although efficient frontier position depends of
both transaction costs amount and initial portfolio it can be concluded
that extreme right portfolio on the efficient frontier always contains
only one stock with the highest expected return and the highest risk.