Abstract: This paper tests the level of market integration between Malaysia and Singapore stock markets with the world market. Kalman Filter (KF) methodology is used on the International Capital Asset Pricing Model (ICAPM) and the pricing errors estimated within the framework of ICAPM are used as a measure of market integration or segmentation. The advantage of the KF technique is that it allows for time-varying coefficients in estimating ICAPM and hence able to capture the varying degree of market integration. Empirical results show clear evidence of varying degree of market integration for both case of Malaysia and Singapore. Furthermore, the results show that the changes in the level of market integration are found to coincide with certain economic events that have taken placed. The findings certainly provide evidence on the practicability of the KF technique to estimate stock markets integration. In the comparison between Malaysia and Singapore stock market, the result shows that the trends of the market integration indices for Malaysia and Singapore look similar through time but the magnitude is notably different with the Malaysia stock market showing greater degree of market integration. Finally, significant evidence of varying degree of market integration shows the inappropriate use of OLS in estimating the level of market integration.
Abstract: Economic dispatch (ED) is considered to be one of the
key functions in electric power system operation. This paper presents
a new hybrid approach based genetic algorithm (GA) to economic
dispatch problems. GA is most commonly used optimizing algorithm
predicated on principal of natural evolution. Utilization of chaotic
queue with GA generates several neighborhoods of near optimal
solutions to keep solution variation. It could avoid the search process
from becoming pre-mature. For the objective of chaotic queue
generation, utilization of tent equation as opposed to logistic equation
results in improvement of iterative speed. The results of the proposed
approach were compared in terms of fuel cost, with existing
differential evolution and other methods in literature.
Abstract: The concept of e-Learning is now emerging in Sub Saharan African countries like Tanzania. Due to economic constraints and other social and cultural factors faced by these countries, the use of Information and Communication Technology (ICT) is increasing at a very low pace. The digital divide threat has propelled the Government of Tanzania to put in place the national ICT Policy in 2003 which defines the direction of all ICT activities nationally. Among the main focused areas is the use of ICT in education, since for the development of any country, there is a need of creating knowledge based society. This paper discusses the initiatives made so far to introduce the use of ICT tools to some secondary schools using open source software in e-content development to facilitate a self-learning environment
Abstract: Commercial infrastructures intended for use as leisure
retreats such as golf and ski resorts have been extensively developed in many rural areas of Japan. However, following the burst of the economic bubble in the 1990s, several existing resorts faced tough
management decisions and some were forced to close their business.
In this study, six alternative management options for restructuring the
existing golf courses (park, cemetery, biofuel production, reforestation,
pasturing and abandonment) are examined and their environmental
and economic impacts are quantitatively assessed. In addition,
restructuring scenarios of these options and an ex-ante assessment
model are developed. The scenario analysis by Monte Carlo simulation shows a clear trade-off between GHG savings and benefit/cost (B/C) ratios, of which “Restoring Nature" scenario
absorbs the most CO2 among the four scenarios considered, but its B/C
ratio is the lowest. This study can be used to select or examine options
and scenarios of golf course management and rural environmental
management policies.
Abstract: Fast development of technologies, economic globalization and many other external circumstances stimulate company’s competitiveness. One of the major trends in today’s business is the shift to the exploitation of the Internet and electronic environment for entrepreneurial needs. Latest researches confirm that e-environment provides a range of possibilities and opportunities for companies, especially for micro-, small- and medium-sized companies, which have limited resources. The usage of e-tools raises the effectiveness and the profitability of an organization, as well as its competitiveness.
In the electronic market, as in the classic one, there are factors, such as globalization, development of new technology, price sensitive consumers, Internet, new distribution and communication channels that influence entrepreneurship. As a result of eenvironment development, e-commerce and e-marketing grow as well.
Objective of the paper: To describe and identify factors influencing company’s competitiveness in e-environment.
Research methodology: The authors employ well-established quantitative and qualitative methods of research: grouping, analysis, statistics method, factor analysis in SPSS 20 environment, etc. The theoretical and methodological background of the research is formed by using scientific researches and publications, such as that from mass media and professional literature; statistical information from legal institutions as well as information collected by the authors during the surveying process.
Research result: The authors detected and classified factors influencing competitiveness in e-environment.
In this paper, the authors presented their findings based on theoretical, scientific, and field research. Authors have conducted a research on e-environment utilization among Latvian enterprises.
Abstract: This study aims to examine the factors affecting
knowledge sharing behavior in knowledge-based electronic communities (e-communities) because quantity and quality of
knowledge shared among the members play a critical role in the community-s sustainability. Past research has suggested three
perspectives that may affect the quantity and quality of knowledge
shared: economics, social psychology, and social ecology. In this
study, we strongly believe that an economic perspective may be suitable to validate factors influencing newly registered members-
knowledge contribution at the beginning of relationship development.
Accordingly, this study proposes a model to validate the factors influencing members- knowledge sharing based on Transaction Cost
Theory. By doing so, we may empirically test our hypotheses in various types of e-communities to determine the generalizability of our research models.
Abstract: There is a growing body of evidence to support the
proposition of product take back for remanufacturing particularly
within the context of Extended Producer Responsibility (EPR).
Remanufacturing however presents challenges unlike that of
traditional manufacturing environments due to its high levels of
uncertainty which may further distract organizations from
considering its potential benefits. This paper presents a novel
modeling approach for evaluating the uncertainty of part failures
within the remanufacturing process and its impact on economic and
environmental performance measures. This paper presents both the
theoretical modeling approach and an example of its use in
application.
Abstract: The client server systems using mobile
communications networks for data transmission became very
attractive for many economic agents, in the purpose of promoting and
offering electronic services to their clients. E-services are suitable for
business developing and financial benefits increasing. The products
or services can be efficiently delivered to a large number of clients,
using mobile Internet access technologies. The clients can have
access to e-services, anywhere and anytime, with the support of 3G,
GPRS, WLAN, etc., channels bandwidth, data services and protocols.
Based on the mobile communications networks evolution and
development, a convergence of technological and financial interests
of mobile operators, software developers, mobile terminals producers
and e-content providers is established. These will lead to a high level
of integration of IT&C resources and will facilitate the value added
services delivery through the mobile communications networks. In
this paper it is presented a client server system, for e-services access,
with Smartphones and PDA-s mobile software applications, installed
on Symbian and Windows Mobile operating systems.
Abstract: Global competitiveness has recently become the
biggest concern of both manufacturing and service companies.
Electronic commerce, as a key technology enables the firms to reach
all the potential consumers from all over the world. In this study, we
have presented commonly used electronic payment systems, and then
we have shown the evaluation of these systems in respect to different
criteria. The payment systems which are included in this research are
the credit card, the virtual credit card, the electronic money, the
mobile payment, the credit transfer and the debit instruments. We
have realized a systematic comparison of these systems in respect to
three main criteria: Technical, economical and social. We have
conducted a fuzzy multi-criteria decision making procedure to deal
with the multi-attribute nature of the problem. The subjectiveness
and imprecision of the evaluation process are modeled using
triangular fuzzy numbers.
Abstract: Using entropy weight and TOPSIS method, a
comprehensive evaluation is done on the development level of
Chinese regional service industry in this paper. Firstly, based on
existing research results, an evaluation index system is constructed
from the scale of development, the industrial structure and the
economic benefits. An evaluation model is then built up based on
entropy weight and TOPSIS, and an empirical analysis is conducted on
the development level of service industries in 31 Chinese provinces
during 2006 and 2009 from the two dimensions or time series and
cross section, which provides new idea for assessing regional service
industry. Furthermore, the 31 provinces are classified into four
categories based on the evaluation results, and deep analysis is carried
out on the evaluation results.
Abstract: The improvement of quality of life is the main visible
integrated indicator of state well-being. More and more states pay
attention to define and to achieve social standards of quality of life as
social-economic strategy of development. These standards are
determinate by state features, complex of needs and interests of
individual, family and society.
It still remains in open question: “What is middle class" in
contemporary Kazakhstan. Appearance of new social standards of
quality of life is important indicator of its successful establishment.
The middle class as agent of social, politic and economic reforms
promotes to improve the quality of life of the country. But if consider
a low and a middle stratums of middle class, we can see that high
social expectations and real achievements are still significantly
different.
The article relies on the sociological data, collected during of
search of household-s standards of living in Almaty city and Almaty
region, and case-study of cottage city “Jana Kuat".
Abstract: This paper estimates the economic values of
household preference for enhanced solid waste disposal services in
Malaysia. The contingent valuation (CV) method estimates an
average additional monthly willingness-to-pay (WTP) in solid waste
management charges of Ôé¼0.77 to 0.80 for improved waste disposal
services quality. The finding of a slightly higher WTP from the
generic CV question than that of label-specific, further reveals a
higher WTP for sanitary landfill, at Ôé¼0.90, than incineration, at Ôé¼0.63.
This suggests that sanitary landfill is a more preferred alternative.
The logistic regression estimation procedure reveals that household-s
concern of where their rubbish is disposed, age, ownership of house,
household income and format of CV question are significant factors
in influencing WTP.
Abstract: Environmental awareness and the recent
environmental policies have forced many electric utilities to
restructure their operational practices to account for their emission
impacts. One way to accomplish this is by reformulating the
traditional economic dispatch problem such that emission effects are
included in the mathematical model. This paper presents a Particle
Swarm Optimization (PSO) algorithm to solve the Economic-
Emission Dispatch problem (EED) which gained recent attention due
to the deregulation of the power industry and strict environmental
regulations. The problem is formulated as a multi-objective one with
two competing functions, namely economic cost and emission
functions, subject to different constraints. The inequality constraints
considered are the generating unit capacity limits while the equality
constraint is generation-demand balance. A novel equality constraint
handling mechanism is proposed in this paper. PSO algorithm is
tested on a 30-bus standard test system. Results obtained show that
PSO algorithm has a great potential in handling multi-objective
optimization problems and is capable of capturing Pareto optimal
solution set under different loading conditions.
Abstract: This article is an extension and a practical application
approach of Wheeler-s NEBIC theory (Net Enabled Business
Innovation Cycle). NEBIC theory is a new approach in IS research
and can be used for dynamic environment related to new technology.
Firms can follow the market changes rapidly with support of the IT
resources. Flexible firms adapt their market strategies, and respond
more quickly to customers changing behaviors. When every leading
firm in an industry has access to the same IT resources, the way that
these IT resources are managed will determine the competitive
advantages or disadvantages of firm. From Dynamic Capabilities
Perspective and from newly introduced NEBIC theory by Wheeler,
we know that only IT resources cannot deliver customer value but
good configuration of those resources can guarantee customer value
by choosing the right emerging technology, grasping the economic
opportunities through business innovation and growth. We found
evidences in literature that SOA (Service Oriented Architecture) is a
promising emerging technology which can deliver the desired
economic opportunity through modularity, flexibility and loosecoupling.
SOA can also help firms to connect in network which can
open a new window of opportunity to collaborate in innovation and
right kind of outsourcing
Abstract: This article examines the emergence and development
of the Kazakhstan species of humanism. The biggest challenge for
Kazakhstan in terms of humanism is connected with advocating
human values in parallel to promoting national interests; preserving
the continuity of traditions in various spheres of life, business and
culture. This should be a common goal for the entire society, the
main direction for a national intelligence, and a platform for the state
policy. An idea worth considering is a formation of national humanist
tradition model; the challenges are adapting people to live in the
context of new industrial and innovative economic conditions,
keeping the balance during intensive economic development of the
country, and ensuring social harmony in the society.
Abstract: This paper examines whether or not immigration has a positive influence on the duration of unemployment, in a macroeconomic perspective. We analyse also whether the degree of labor market integration can influence migration. The integration of immigrants into the labor market is a recurrence theme in the work on the economic consequences of immigration. However, to our knowledge, no researchers have studied the impact of immigration on unemployment duration, and vice versa. With two methodology of research (panel estimations (OLS and 2SLS) and panel cointegration techniques), we show that migration seems to influence positively the short-term unemployment and negatively long-term unemployment, for 14 OECD destination countries. In addition, immigration seems to be conditioned by the structural and institutional characteristics of the labour market.
Abstract: Environmental conflicts produced by economic development and natural resources exploitation, are discussed. Main causes of conflicts in developing countries were shown to arise from geographically external investments, inefficiency of the Environmental Impact Assessment (EIA), and the lack of communication between government and Non-Government Organizations (NGOs). Citizen participation can only intervene during late stages of the EIA, which is considered as one of the main shortcomings in satisfying demands of local people.
Abstract: Disparity in India has been persisting since independence causing many socioeconomic problems and its removal has become the most prime objective of the planned development in India. Hence the paper attempts to study the disparity at State and Regional level and gives inclusive planning guidelines to achieve balanced regional development. At State level, the relative socioeconomic backwardness of Vidarbha Region based on Interregional analysis using selected indicators like Foreign Direct Investment, Human Development Index, Per Capita District Domestic Product has been assessed and broad guidelines have been proposed. In the later part at Regional level, the relative backwardness of districts based on Intraregional analysis using socioeconomic indicators has been assessed within Nagpur sub region and factors responsible for backwardness & disparity have been indicated. The policy guidelines for Identified sub region have been proposed based on the most significant factor and their extent of relationship explaining backwardness Nagpur sub region.
Abstract: Voltage collapse is instability of heavily loaded electric
power systems that cause to declining voltages and blackout. Power
systems are predicated to become more heavily loaded in the future
decade as the demand for electric power rises while economic and
environmental concerns limit the construction of new transmission
and generation capacity. Heavily loaded power systems are closer to
their stability limits and voltage collapse blackouts will occur if
suitable monitoring and control measures are not taken. To control
transmission lines, it can be used from FACTS devices.
In this paper Harmony search algorithm (HSA) and Genetic
Algorithm (GA) have applied to determine optimal location of
FACTS devices in a power system to improve power system stability.
Three types of FACTS devices (TCPAT, UPFS, and SVC) have been
introduced. Bus under voltage has been solved by controlling reactive
power of shunt compensator. Also a combined series-shunt
compensators has been also used to control transmission power flow
and bus voltage simultaneously.
Different scenarios have been considered. First TCPAT, UPFS, and
SVC are placed solely in transmission lines and indices have been
calculated. Then two types of above controller try to improve
parameters randomly. The last scenario tries to make better voltage
stability index and losses by implementation of three types controller
simultaneously. These scenarios are executed on typical 34-bus test
system and yields efficiency in improvement of voltage profile and
reduction of power losses; it also may permit an increase in power
transfer capacity, maximum loading, and voltage stability margin.
Abstract: Sweet potato products are necessary for the provision
of essential nutrients in every household, regardless of their poverty
status. Their consumption appears to be highly influenced by socioeconomic
factors, such as malnutrition, food insecurity and
unemployment. Therefore, market availability is crucial for these
cultivars to resolve some of the socio-economic factors. The aim of
the study was to investigate market availability of sweet potato
cultivars in the North West Province. In this study, both qualitative
and quantitative research methodologies were used. Qualitative
methodology was used to explain the quantitative outcomes of the
variables. On the other hand, quantitative results were used to test the
hypothesis. The study used SPSS software to analyse the data. Crosstabulation
and Chi-square statistics were used to obtain the
descriptive and inferential analyses, respectively. The study found
that the Blesbok cultivar is dominating the markets of the North West
Province, with the Monate cultivar dominating in the Bojanala
Platinum (75%) and Dr Ruth Segomotsi Mompati (25%) districts. It
is also found that a unit increase in the supply of sweet potato
cultivars in both local and district municipal markets is accompanied
by a reduced demand of 28% and 33% at district and local markets,
respectively. All these results were found to be significant at p