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: A well designed and executed Production Planning
and Control (PPC) system is one of the key levers for superior
performance in the current manufacturing set-up. Hence, measuring
the PPC system performance has become a necessity for long term
success. The present study examined PPC related issues which
impact the production capacity and productivity of leather companies
with special focus on Kombolcha Tannery Share Company (KTSC),
Ethiopia. Physical observation, interview, and questionnaire were
used to generate necessary information from the respondents and
reach valid conclusions. Company annual reports were referred and
analyzed to triangulate primary data. Consequently, the study
revealed that KTSC runs below its capacity due to its inefficient PPC
system being in use for which the root causes were identified. The
study thereby conceptualizes a PPC system improvement framework
comprising three pillars viz., management culture, internal capability
and performance measurement together with key considerations in
each case. The study findings enable the company to recognize the
importance of efficient PPC system as a source of competitive
advantage. It also aid managers in evaluating various PPC execution
schemes to enhance productivity.
Abstract: Poly vinyl acetate (PVA)-based titania (TiO2)–carbon
nanotube composite nanofibers (PVA-TCCNs) with various
PVA-to-solvent ratios and PVA-based TiO2 composite nanofibers
(PVA-TN) were synthesized using an electrospinning process,
followed by thermal treatment. The photocatalytic activities of these
nanofibers in the degradation of airborne monocyclic aromatics under
visible-light irradiation were examined. This study focuses on the
application of these photocatalysts to the degradation of the target
compounds at sub-part-per-million indoor air concentrations. The
characteristics of the photocatalysts were examined using scanning
electron microscopy, X-ray diffraction, ultraviolet-visible
spectroscopy, and Fourier-transform infrared spectroscopy. For all the
target compounds, the PVA-TCCNs showed photocatalytic
degradation efficiencies superior to those of the reference PVA-TN.
Specifically, the average photocatalytic degradation efficiencies for
benzene, toluene, ethyl benzene, and o-xylene (BTEX) obtained using
the PVA-TCCNs with a PVA-to-solvent ratio of 0.3 (PVA-TCCN-0.3)
were 11%, 59%, 89%, and 92%, respectively, whereas those observed
using PVA-TNs were 5%, 9%, 28%, and 32%, respectively.
PVA-TCCN-0.3 displayed the highest photocatalytic degradation
efficiency for BTEX, suggesting the presence of an optimal
PVA-to-solvent ratio for the synthesis of PVA-TCCNs. The average
photocatalytic efficiencies for BTEX decreased from 11% to 4%, 59%
to 18%, 89% to 37%, and 92% to 53%, respectively, when the flow
rate was increased from 1.0 to 4.0 L min1. In addition, the average
photocatalytic efficiencies for BTEX increased 11% to ~0%, 59% to
3%, 89% to 7%, and 92% to 13%, respectively, when the input
concentration increased from 0.1 to 1.0 ppm. The prepared
PVA-TCCNs were effective for the purification of airborne aromatics
at indoor concentration levels, particularly when the operating
conditions were optimized.
Abstract: This paper presents powerful techniques for the
development of a new monitoring method based on multi-scale
entropy (MSE) in order to characterize the behaviour of the
concentrations of different gases present in the synthesis of Ammonia
and soft-sensor based on Principal Component Analysis (PCA).
Abstract: Emissions of atmospheric pollutants from ships and
harbour activities are a growing concern at international level given
their potential impacts on air quality and climate. These close-to-land
emissions have potential impact on local communities in terms of air
quality and health. Recent studies show that the impact of maritime
traffic to atmospheric particulate matter concentrations in several
coastal urban areas is comparable with the impact of road traffic of a
medium size town. However, several different approaches have been
used for these estimates making difficult a direct comparison of
results. In this work, an integrated approach based on emission
inventories and dedicated measurement campaigns has been applied
to give a comparable estimate of the impact of maritime traffic to
PM2.5 and particle number concentrations in three major harbours of
the Adriatic/Ionian Seas. The influences of local meteorology and of
the logistic layout of the harbours are discussed.
Abstract: Epidermal Growth Factor (EGF, Mw=6,045) has been
reported to have high efficiency of wound repair and anti-wrinkle
effect. However, the half-life of EGF in the body is too short to exert
the biological activity effectively when applied in free form. Growth
Factors can be stabilized by immobilization with carbohydrates from
thermal and proteolytic degradation. Low molecular weight chitosan
(LMCS) and its derivate prepared by hydrogen peroxide has high
solubility. LM6A6DC was successfully prepared as a reactive
carbohydrate for the stabilization of EGF by the reactions of LMCS
with alkalization, tosylation, azidation and reduction. The structure of
LM6A6DC was confirmed by FT-IR, 1H NMR and elementary
analysis. For enhancing the stability of free EGF, EGF was attached
with LM6A6DC by using water-soluble carbodiimide.
EGF-LM6A6DC conjugates did not show any cytotoxicity on the
Normal Human Dermal Fibroblast (NHDF) 3T3 proliferation at least
under 100 μg/ml. In the result, it was considered that LM6A6DC is
suitable to immobilize of growth factor.
Abstract: In this study, we compare the profiles of transitory
hybrid entrepreneurs and persistent hybrid entrepreneurs to determine
how they differ. Hybrid entrepreneurs (HEs) represent a significant
share of entrepreneurial activity yet little is known about them. We
define HEs as individuals who are active as entrepreneurs but do no
support themselves primarily by their enterprise. Persistent HEs
(PHEs) are not planning to transition to fulltime entrepreneurship
whereas transitory HEs (THEs) consider it probable. Our results
show that THEs and PHEs are quite similar in background. THEs are
more interested in increasing their turnover than PHEs, as expected,
but also emphasize self-fulfillment as a motive for entrepreneurship
more than PHEs. The clearest differences between THEs and PHEs
are found in their views on how well their immediate circle supports
full-time entrepreneurship, and their views of their own
entrepreneurial abilities and the market potential of their firm. Our
results support earlier arguments that hybrids should be considered
separately in research on entrepreneurial entry and self-employment.
Abstract: The aim of this paper is to select the most accurate
forecasting method for predicting the future values of the
unemployment rate in selected European countries. In order to do so,
several forecasting techniques adequate for forecasting time series
with trend component, were selected, namely: double exponential
smoothing (also known as Holt`s method) and Holt-Winters` method
which accounts for trend and seasonality. The results of the empirical
analysis showed that the optimal model for forecasting
unemployment rate in Greece was Holt-Winters` additive method. In
the case of Spain, according to MAPE, the optimal model was double
exponential smoothing model. Furthermore, for Croatia and Italy the
best forecasting model for unemployment rate was Holt-Winters`
multiplicative model, whereas in the case of Portugal the best model
to forecast unemployment rate was Double exponential smoothing
model. Our findings are in line with European Commission
unemployment rate estimates.
Abstract: Zinc oxide (ZnO) is one of the light emitting materials in ultraviolet (UV) region. In addition, ZnO nanostructures are also attracting increasing research interest as buildingblocks for UV optoelectronic applications. We have succeeded in synthesizing vertically-aligned ZnO nanostructures by laser interference patterning, which is catalyst-free and non-contact technique. In this study, vertically-aligned ZnO nanowall arrays were synthesized using two-beam interference. The maximum height and average thickness of the ZnO nanowalls were about 4.5µm and 200 nm, respectively.UV lasing from a piece of the ZnO nanowall was obtained under the third harmonic of a Q-switched Nd:YAG laser excitation, and the estimated threshold power density for lasing was about 150 kW/cm2. Furthermore, UV lasing from the vertically-aligned ZnO nanowall was also achieved. The results indicate that ZnO nanowalls can be applied to random laser.
Abstract: From the past earthquake events, many people get hurt at the exit while they are trying to go out of the buildings because of the exit doors are unable to be opened. The door is not opened because it deviates from its the original position. The aim of this research is to develop and evaluate a new type safety door that keeps the door frame in its original position or keeps its edge angles perpendicular during and post-earthquake. The proposed door is composed of three components: outer frame joined to the wall, inner frame (door frame) and circular hollow section connected to the inner and outer frame which is used as seismic energy dissipating device.
Abstract: Livestock is one of the fastest-growing sectors in
agriculture. If carefully managed, have potential opportunities for
economic growth, food sovereignty and food security. In this study
we mainly analyse and compare long-term i.e. for year 2030 climate
variability impact on predicted productivity of meat i.e. beef, mutton
and poultry for the Kingdom of Saudi Arabia w.r.t three factors i.e. i)
climatic-change vulnerability ii) CO2 fertilization and iii) water
scarcity and compare the results with two countries of the region i.e.
Iraq and Yemen. We do the analysis using data from diverse sources,
which was extracted, transformed and integrated before usage. The
collective impact of the three factors had an overall negative effect on
the production of meat for all the three countries, with adverse impact
on Iraq. High similarity was found between CO2 fertilization
(effecting animal fodder) and water scarcity i.e. higher than that
between production of beef and mutton for the three countries
considered. Overall, the three factors do not seem to be favorable for
the three Middle-East countries considered. This points to possibility
of a vegetarian year 2030 based on dependency on indigenous livestock
population.
Abstract: Anxiety is a common psychological problem and also
implicated as a contributor to many chronic diseases which decreased
quality of life even with pharmacological treatment. At the present
time several yogic practices- meditation, pranayama, and mantra,
etcetera are playing important role in treating physiological and
psychological problems. Hence, the present investigation is aimed to
see the effect of Trataka on the level of anxiety among adolescents.
For the present study, a sample of 30 adolescents belonging to the
age range 20-30 years was selected from Devsanskriti Vishwa
Vidyalaya Haridwar through random sampling. In this investigation,
Sinha’s Comprehensive anxiety test has been used to measure the
level of anxiety. Statistical analysis has been done by using t-test.
Findings of this study reveal that Trataka significantly decreases the
level of anxiety among adolescents.
Abstract: The seismic responses of steel buildings with semirigid
post-tensioned connections (PC) are estimated and compared
with those of steel buildings with typical rigid (welded) connections
(RC). The comparison is made in terms of global and local response
parameters. The results indicate that the seismic responses in terms of
interstory shears, roof displacements, axial load and bending
moments are smaller for the buildings with PC connection. The
difference is larger for global than for local parameters, which in turn
varies from one column location to another. The reason for this
improved behavior is that the buildings with PC dissipate more
hysteretic energy than those with RC. In addition, unlike the case of
buildings with WC, for the PC structures the hysteretic energy is
mostly dissipated at the connections, which implies that structural
damage in beams and columns is not significant. According to these
results, steel buildings with PC are a viable option in high seismicity
areas because of their smaller response and self-centering connection
capacity as well as the fact that brittle failure is avoided.
Abstract: This experimental study evaluates the effect of using
Cognitive-Behavioral Therapy (CBT) and Multidimensional Self-
Concept Model (MSCM) in a drug prevention programme to increase
resiliency and reduce aggression among at-risk youth in Malaysia. A
number of 60 (N=60) university students who were at-risk of taking
drugs were involved in this study. Participants were identified with
self-rating scales, Adolescent Resilience Attitude Scale (ARAS) and
Aggression Questionnaire. Based on the mean score of these
instruments, the participants were divided into the treatment group,
and the control group. Data were analyzed using t-test. The finding
showed that the mean score of resiliency was increased in the
treatment group compared to the control group. It also shows that the
mean score of aggression was reduced in the treatment group
compared to the control group. Drug Prevention Programme was
found to help in enhancing resiliency and reducing aggression among
participants in the treatment group compared to the controlled group.
Implications were given regarding the preventive actions on drug
abuse among youth in Malaysia.
Abstract: The wide use of the Internet-based applications bring many challenges to the researchers to guarantee the continuity of the connections needed by the mobile hosts and provide reliable Internet access for them. One of proposed solutions by Internet Engineering Task Force (IETF) is to connect the local, multi-hop, and infrastructure-less Mobile Ad hoc Network (MANET) with Internet structure. This connection is done through multi-interface devices known as Internet Gateways. Many issues are related to this connection like gateway discovery, handoff, address auto-configuration and selecting the optimum gateway when multiple gateways exist. Many studies were done proposing gateway selection schemes with a single selection criterion or weighted multiple criteria. In this research, a review of some of these schemes is done showing the differences, the features, the challenges and the drawbacks of each of them.
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: This study aims to investigate the possibility of crime
prevention through CCTV by analyzing the appropriateness of the
CCTV location, whether it is installed in the hotspot of crime-prone
areas, and exploring the crime prevention effect and transition effect.
The real crime and CCTV locations of case city were converted into
the spatial data by using GIS. The data was analyzed by hotspot
analysis and weighted displacement quotient (WDQ). As study
methods, it analyzed existing relevant studies for identifying the trends
of CCTV and crime studies based on big data from 1800 to 2014 and
understanding the relation between CCTV and crime. Second, it
investigated the current situation of nationwide CCTVs and analyzed
the guidelines of CCTV installation and operation to draw attention to
the problems and indicating points of CCTV use. Third, it investigated
the crime occurrence in case areas and the current situation of CCTV
installation in the spatial aspects, and analyzed the appropriateness and
effectiveness of CCTV installation to suggest a rational installation of
CCTV and the strategic direction of crime prevention. The results
demonstrate that there was no significant effect in the installation of
CCTV on crime prevention in the case area. This indicates that CCTV
should be installed and managed in a more scientific way reflecting
local crime situations. In terms of CCTV, the methods of spatial
analysis such as GIS, which can evaluate the installation effect, and the
methods of economic analysis like cost-benefit analysis should be
developed. In addition, these methods should be distributed to local
governments across the nation for the appropriate installation of
CCTV and operation. This study intended to find a design guideline of
the optimum CCTV installation. In this regard, this study is
meaningful in that it will contribute to the creation of a safe city.
Abstract: It has become an increasing evident that large
development influences the climate. There are concerns that rising
temperature over developed areas could have negative impact and
increase living discomfort within city boundaries. Temperature trends
in Ibadan city have received little attention, yet the area has
experienced heavy urban expansion between 1972 and 2014. This
research aims at examining the impact of landuse change on surface
temperature knowing that the built-up environment absorb and store
solar energy, resulting into the Urban Heat Island (UHI) effect. The
Landsat imagery was used to examine the landuse change for a
period of 42 years (1972-2014). Land Surface Temperature (LST)
was obtained by converting the thermal band to a surface temperature
map and zonal statistic analyses was used to examine the relationship
between landuse and temperature emission. The results showed that
the settlement area increased to a large extent while the area covered
by vegetation reduced during the study period. The spatial and
temporal trends of surface temperature are related to the gradual
change in urban landuse/landcover and the settlement area has the
highest emission. This research provides useful insight into the
temporal behavior of the Ibadan city.
Abstract: In this paper, we regard as a coded transmission over a
frequency-selective channel. We plan to study analytically the
convergence of the turbo-detector using a maximum a posteriori
(MAP) equalizer and a MAP decoder. We demonstrate that the
densities of the maximum likelihood (ML) exchanged during the
iterations are e-symmetric and output-symmetric. Under the Gaussian
approximation, this property allows to execute a one-dimensional
scrutiny of the turbo-detector. By deriving the analytical terminology
of the ML distributions under the Gaussian approximation, we confirm
that the bit error rate (BER) performance of the turbo-detector
converges to the BER performance of the coded additive white
Gaussian noise (AWGN) channel at high signal to noise ratio (SNR),
for any frequency selective channel.
Abstract: In this paper, we consider the vehicle routing problem
with mixed fleet of conventional and heterogenous electric vehicles
and time dependent charging costs, denoted VRP-HFCC, in which
a set of geographically scattered customers have to be served by a
mixed fleet of vehicles composed of a heterogenous fleet of Electric
Vehicles (EVs), having different battery capacities and operating
costs, and Conventional Vehicles (CVs). We include the possibility
of charging EVs in the available charging stations during the routes
in order to serve all customers. Each charging station offers charging
service with a known technology of chargers and time dependent
charging costs. Charging stations are also subject to operating time
windows constraints. EVs are not necessarily compatible with all
available charging technologies and a partial charging is allowed.
Intermittent charging at the depot is also allowed provided that
constraints related to the electricity grid are satisfied.
The objective is to minimize the number of employed vehicles and
then minimize the total travel and charging costs.
In this study, we present a Mixed Integer Programming Model and
develop a Charging Routing Heuristic and a Local Search Heuristic
based on the Inject-Eject routine with different insertion methods. All
heuristics are tested on real data instances.