Abstract: The Malaysian government had consistently revived
its campaign for “Buy Malaysian Goods” from time to time. The
purpose of the campaign is to remind consumers to be ethnocentric
and patriotic when purchasing product and services. This is necessary
to ensure high demand for local products and services compared to
foreign products. However, the decline of domestic investment in
2012 has triggered concern for the Malaysian economy. Hence, this
study attempts to determine the drivers of actual purchasing behavior,
intention to purchase domestic products and ethnocentrism. The
study employs the cross-sectional primary data, self-administered on
household, selected using stratified random sampling in four
Malaysian regions. A nine factor driver of actual domestic purchasing
behavior (culture openness, conservatism, collectivism, patriotism,
control belief, interest in foreign travel, attitude, ethnocentrism and
intention) were measured utilizing 60 items, using 7-point Likertscale.
From 1000 questionnaires distributed, a sample of 486 were
returned representing 48.6 percent response rate. From the fit
generated structural model (SEM analysis), it was found that the
drivers of actual purchase behavior are collectivism, cultural
openness and patriotism; the drivers of intention to purchase
domestic product are attitude, control belief, collectivism and
conservatism; and drivers of ethnocentrism are cultural openness,
control belief, foreign travel and patriotism. It also shows that
Malaysian consumers scored high in ethnocentrism and patriotism.
The findings are discussed in the perspective of its implication to
Malaysian National Agenda.
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: Absorptive capacity generally facilitates the adoption
of innovation. How does this relationship change when economic
return is not the sole driver of innovation uptake? We investigate
whether absorptive capacity facilitates the adoption of green
innovation based on a survey of 79 construction companies in
Scotland. Based on the results of multiple regression analyses, we
confirm that existing knowledge utilisation (EKU), knowledge
building (KB) and external knowledge acquisition (EKA) are
significant predictors of green process GP), green administrative
(GA) and green technical innovation (GT), respectively. We discuss
the implications for theories of innovation adoption and knowledge
enhancement associated with environmentally-friendly practices.
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.
Abstract: This paper presents two types of microstrip bandpass
filter (BPF) at microwave frequencies. The first one is a tunable BPF
using planar patch resonators based on a varactor diode. The filter is
formed by a triple mode circular patch resonator with two pairs of
slots, in which the varactor diodes are connected. Indeed, this filter is
initially centered at 2.4 GHz; the center frequency of the tunable
patch filter could be tuned up to 1.8 GHz simultaneously with the
bandwidth, reaching high tuning ranges. Lossless simulations were
compared to those considering the substrate dielectric, conductor
losses and the equivalent electrical circuit model of the tuning
element in order to assess their effects. Within these variations,
simulation results showed insertion loss better than 2 dB and return
loss better than 10 dB over the passband. The second structure is a
BPF for ultra-wideband (UWB) applications based on multiple-mode
resonator (MMR) and rectangular-shaped defected ground structure
(DGS). This filter, which is compact size of 25.2 x 3.8 mm2, provides
in the pass band an insertion loss of 0.57 dB and a return loss greater
than 12 dB. The proposed filters presents good performances and the
simulation results are in satisfactory agreement with the
experimentation ones reported elsewhere.
Abstract: Stator elements «Vane diffuser + crossover + return
channel» of stages with different specific speed were investigated by
CFD calculations. The regime parameter was introduced to present
efficiency and loss coefficient performance of all elements together.
Flow structure demonstrated advantages and disadvantages of design.
Flow separation in crossovers was eliminated by its shape
modification. Efficiency increased visibly. Calculated CFD
performances are in acceptable correlation with predicted ones by
engineering design method. The information obtained is useful for
design method better calibration.
Abstract: Managing and improving efficiency in the current
highly competitive global automotive industry demands that those
companies adopt leaner and more flexible systems. During the past
20 years the domestic automotive industry in North America has been
focusing on establishing new management strategies in order to meet
market demands. The lean management process also known as
Toyota Manufacturing Process (TPS) or lean manufacturing
encompasses tools and techniques that were established in order to
provide the best quality product with the fastest lead time at the
lowest cost. The following paper presents a study that focused on
improving labor efficiency at one of the Big Three (Ford, GM,
Chrysler LLC) domestic automotive facility in North America. The
objective of the study was to utilize several lean management tools in
order to optimize the efficiency and utilization levels at the “Pre-
Marriage” chassis area in a truck manufacturing and assembly
facility. Utilizing three different lean tools (i.e. Standardization of
work, 7 Wastes, and 5S) this research was able to improve efficiency
by 51%, utilization by 246%, and reduce operations by 14%. The
return on investment calculated based on the improvements made
was 284%.
Abstract: This paper presents a novel fractal antenna structure
proposed for UWB (Ultra – Wideband) applications. The frequency
band 3.1-10.6GHz released by FCC (Federal Communication
Commission) as the commercial operation of UWB has been chosen
as frequency range for this antenna based on coplanar waveguide
(CPW) feed and circular shapes fulfilled according to fractal
geometry. The proposed antenna is validated and designed by using
an FR4 substrate with overall area of 34x43 mm2. The simulated
results performed by CST-Microwave Studio and compared by ADS
(Advanced Design System) show good matching input impedance
with return loss less than -10dB between 2.9 GHz and 11 GHz.
Abstract: Universal modeling method well proven for industrial
compressors was applied for design of the high flow rate supersonic
stage. Results were checked by ANSYS CFX and NUMECA Fine
Turbo calculations. The impeller appeared to be very effective at
transonic flow velocities. Stator elements efficiency is acceptable at
design Mach numbers too. Their loss coefficient versus inlet flow
angle performances correlates well with Universal modeling
prediction. The impeller demonstrates ability of satisfactory operation
at design flow rate. Supersonic flow behavior in the impeller inducer
at the shroud blade to blade surface Φ des deserves additional study.
Abstract: Water flow management is one of the most important
parts of river engineering. Non-uniformity distribution of rainfall and
various flow demand with unreasonable flow management will be
caused destroyed of river ecosystem. Then, it is very serious to
determine ecosystem flow requirement. In this paper, Flow duration
curve indices method which has hydrological based was used to
evaluate environmental flow in Gharasou River, Ardabil, Iran. Using
flow duration curve, Q90 and Q95 for different return periods were
calculated. Their magnitude were determined as 1-day, 3-day, 7-day
and 30 day. According the second method, hydraulic alteration
indices often had low and medium range. In order to maintain river at
an acceptable ecological condition, minimum daily discharge of
index Q95 is 0.7 m3.s-1.
Abstract: Liver disorders are one of the major problems of the
world. Despite its frequent occurrence, high morbidity and high
mortality, its medical management is currently inadequate. This study
was designed to evaluate the hepatoprotective effect of saponin
extract of the root of Garcinia kola on the integrity of the liver of
paracetamol induced wistar albino rats. Twenty five (25) male adult
wistar albino rats were divided into five (5) groups. Group I was the
Control group that received distilled water only, group II was the
negative control that received 2 g/kg of paracetamol on the 13th day,
and group III, IV and V were pre-treated with 100, 200 and
400mg/kg of the saponin extract before inducing the liver damage on
the 13th day with 2 g/kg of paracetamol. Twenty four (24) h after
administration, the rats were sacrificed and blood samples were
collected. The serum Alanine Transaminase (ALT), Aspartate
Transaminase (AST), Alkaline Phosphatase (ALP) activities,
Bilirubin and conjugated bilirubin, glucose and protein
concentrations were evaluated. The liver was fixed immediately in
Formalin and was processed and stained in Haematoxylin and Eosin
(H&E). Administration of saponin extract from the root of Garcinia
kola significantly decreased paracetamol induced elevated enzymes
in the test group. Also histological observations showed that saponin
extract of the root of Garcinia kola exhibited a significant liver
protection against the toxicant as evident by the cells trying to return
to normal. Saponin extract from the root of Garcinia kola indicated a
protection of structural integrity of the hepatocytic cell membrane
and regeneration of the damaged liver.
Abstract: In this study, the performance analyses of the twenty
five Coal-Fired Power Plants (CFPPs) used for electricity generation
are carried out through various Data Envelopment Analysis (DEA)
models. Three efficiency indices are defined and pursued. During the
calculation of the operational performance, energy and non-energy
variables are used as input, and net electricity produced is used as
desired output (Model-1). CO2 emitted to the environment is used as
the undesired output (Model-2) in the computation of the pure
environmental performance while in Model-3 CO2 emissions is
considered as detrimental input in the calculation of operational and
environmental performance. Empirical results show that most of the
plants are operating in increasing returns to scale region and Mettur
plant is efficient one with regards to energy use and environment.
The result also indicates that the undesirable output effect is
insignificant in the research sample. The present study will provide
clues to plant operators towards raising the operational and
environmental performance of CFPPs.
Abstract: In this article, we have elaborated a study over the
nature of financial intermediation in Islamic banks by comparison to
those of conventional ones. We have found a striking difference
between two kinds of intermediation. We tried, from another side, to
study the relationship between the capital level and deficiency risk
relying on econometric model, and we have obtained a positive and
significant relation between the capital and the deficiency risk for the
conventional banks. This means that when the capital of these banks
increases, the deficiency risk increases as well. In return, since the
Islamic banks are constrained to respect the Sharia Committee as well
as customers’ demands that may, in certain contracts, choose to
invest their capitals in projects they are interested in. These
constraints have as effects to reduce the deficiency risk even when
the capital increases.
Abstract: The use of eXtensible Markup Language (XML) in
web, business and scientific databases lead to the development of
methods, techniques and systems to manage and analyze XML data.
Semi-structured documents suffer due to its heterogeneity and
dimensionality. XML structure and content mining represent
convergence for research in semi-structured data and text mining. As
the information available on the internet grows drastically, extracting
knowledge from XML documents becomes a harder task. Certainly,
documents are often so large that the data set returned as answer to a
query may also be very big to convey the required information. To
improve the query answering, a Semantic Tree Based Association
Rule (STAR) mining method is proposed. This method provides
intentional information by considering the structure, content and the
semantics of the content. The method is applied on Reuter’s dataset
and the results show that the proposed method outperforms well.
Abstract: We model and simulate the combined effect of fiber
dispersion and frequency chirp of a directly modulated high-speed
laser diode on the figures of merit of a non-amplified 40-Gbps optical
fiber link. We consider both the return to zero (RZ) and non-return to
zero (NRZ) patterns of the pseudorandom modulation bits. The
performance of the fiber communication system is assessed by the
fiber-length limitation due to the fiber dispersion. We study the
influence of replacing standard single-mode fibers by non-zero
dispersion-shifted fibers on the maximum fiber length and evaluate
the associated power penalty. We introduce new dispersion
tolerances for 1-dB power penalty of the RZ and NRZ 40-Gbps
optical fiber links.
Abstract: The extermination and proper disposal of
pharmaceutical wastes from expired and unused medications remains
a disputable issue due to their specific nature and characteristics.
Even though the hazards from these wastes are already well known in
terms of environment and human health, people still treat them as
usual wastes. At a national level, in many countries the management
of pharmaceutical and medical wastes has been one of the main
objectives in order to protect people’s health and the environment.
Even though many legal regulations exist in this respect, there has not
been a single law that would clearly explain the procedures of
returning medicines, ways of selection, treatment and extermination
of pharmaceutical wastes. This paper aims at analyzing the practices
of pharmaceutical waste management and treatment in some
European countries as well as a review of the legislation and official
guidelines in managing these kinds of wastes and protecting the
environment and human health. A suitable treatment and
management of expired medications and other similar wastes would
be in the interest of public health in the first place, as well as in the
interest of healthcare institutions and other bodies engaged in
environment protection.
Abstract: The financial crises caused a collapse in prices of
most asset classes, raising the attention on alternative investments
such as sukuk, a smaller, fast growing but often misunderstood
market. We study diversification benefits of sukuk, their correlation
with other asset classes and the effects of their inclusion in
investment portfolios of institutional and retail investors, through a
comprehensive comparison of their risk/return profiles during and
after the financial crisis.
We find a beneficial performance adjusted for the specific
volatility together with a lower correlation especially during the
financial crisis. The distribution of sukuk returns is positively skewed
and leptokurtic, with a risk/return profile similarly to high yield
bonds. Overall, our results suggest that sukuk present diversification
opportunities, a significant volatility-adjusted performance and lower
correlations especially during the financial crisis.
Our findings are relevant for a number of institutional investors.
Long term investors, such as life insurers would benefit from sukuk’s
protective features during financial crisis yet keeping return and
growth opportunities, whereas banks would gain due to their role of
placers, advisors, market makers or underwriters.
Abstract: A cleaner production project was implemented in a
bakery. The project is based on the substitution of the best available
technique for an obsolete leaven production technology. The new
technology enables production of durable, high-quality leavens.
Moreover, 25% of flour as the original raw material can be replaced
by pastry from the previous day production which has not been sold.
That pastry was previously disposed in a waste incineration plant.
Besides the environmental benefits resulting from less waste, lower
consumption of energy, reduction of sewage waters quantity and
floury dustiness there are also significant economic benefits. Payback
period of investment was calculated with help of static method of
financial analysis about 2.6 years, using dynamic method 3.5 years
and an internal rate of return more than 29%. The supposed annual
average profit after taxationin the second year of operation was
incompliance with the real profit.
Abstract: Frequency stability of microgrids under islanded
operation attracts particular attention recently. A new cooperative
frequency control strategy based on centralized multi-agent system
(CMAS) is proposed in this study. Based on this strategy, agents sent
data and furthermore each component has its own to center operating
decisions (MGCC).After deciding on the information, they are
returned. Frequency control strategies include primary and secondary
frequency control and disposal of multi-stage load in which this study
will also provide a method and algorithm for load shedding. This
could also be a big problem for the performance of micro-grid in
times of disaster. The simulation results show the promising
performance of the proposed structure of the controller based on
multi agent systems.
Abstract: In this paper it was examined the influence of margin
regulation on stock market volatility in EU 1993 – 2014. Regulating
margin requirements or haircuts for securities financing transactions
has for a long time been considered as a potential tool to limit the
build-up of leverage and dampen volatility in financial markets. The
margin requirement dictates how much investors can borrow against
these securities. Margin can be an important part of investment.
Using daily and monthly stock returns and there is no convincing
evidence that EU Regulation margin requirements have served to
dampen stock market volatility. In this paper was detected the
expected negative relation between margin requirements and the
amount of margin credit outstanding. Also, it confirmed that changes
in margin requirements by the EU regulation have tended to follow
than lead changes in market volatility. For the analysis have been
used the modified Levene statistics to test whether the standard
deviation of stock returns in the 25, 50 and 100 days preceding
margin changes is the same as that in the succeeding 25, 50 and 100
days. The analysis started in May 1993 when it was first empowered
to set the initial margin requirement and the last sample was in May
2014. To test whether margin requirements influence stock market
volatility over the long term, the sample of stock returns was divided
into 14 periods, according to the 14 changes in margin requirements.