Abstract: The conceptual framework of International Financial Reporting Standards determines the basic principles of accounting. The said principles have multiple applications, with professional judgments being one of those. Recognition and assessment of the information contained in financial reporting, especially so the somewhat uncertain events and transactions and/or the ones regarding which there is no standard or interpretation are based on professional judgments. Professional judgments aim at the formulation of expert assumptions regarding the specifics of the circumstances and events to be entered into the report based on the conceptual framework terms and principles. Experts have to make a choice in favor of one of the aforesaid and simulate the situations applying multi-variant accounting estimates and judgment. In making the choice, one should consider all the factors, which may help represent the information in the best way possible. Professional judgment determines the relevance and faithful representation of the presented information, which makes it more useful for the existing and potential investors. In order to assess the prospected net cash flows, the information must be predictable and reliable. The publication contains critical analysis of the aforementioned problems. The fact that the International Financial Reporting Standards are developed continuously makes the issue all the more important and that is another point discussed in the study.
Abstract: In this work, the system evaluates the impact of considering a stochastic approach on the day ahead basis Unit Commitment. Comparisons between stochastic and deterministic Unit Commitment solutions are provided. The Unit Commitment model consists in the minimization of the total operation costs considering unit’s technical constraints like ramping rates, minimum up and down time. Load shedding and wind power spilling is acceptable, but at inflated operational costs. The evaluation process consists in the calculation of the optimal unit commitment and in verifying the fulfillment of the considered constraints. For the calculation of the optimal unit commitment, an algorithm based on the Benders Decomposition, namely on the Dual Dynamic Programming, was developed. Two approaches were considered on the construction of stochastic solutions. Data related to wind power outputs from two different operational days are considered on the analysis. Stochastic and deterministic solutions are compared based on the actual measured wind power output at the operational day. Through a technique capability of finding representative wind power scenarios and its probabilities, the system can analyze a more detailed process about the expected final operational cost.
Abstract: This paper gives an intuition regarding glowworm swarm optimization (GSO) technique to solve dynamic economic dispatch (DED) problems of thermal generating units. The objective of the problem is to schedule optimal power generation of dedicated thermal units over a specific time band. In this study, Glowworm swarm optimization technique enables a swarm of agents to split into subgroup, exhibit simultaneous taxis towards each other and rendezvous at multiple optima (not necessarily equal) of a given multimodal function. The feasibility of the GSO method has been tested on ten-unit-test systems where the power balance constraints, operating limits, valve point effects, and ramp rate limits are taken into account. The results obtained by the proposed technique are compared with other heuristic techniques. The results show that GSO technique is capable of producing better results.
Abstract: In this paper, a methodology for noise reduction of motor vehicles in use is presented. The methodology relies on synergic model of noise generation as a function of time. The arbitrary number of motor vehicle noise sources act in concert yielding the generation of the overall noise level of motor vehicle thereafter. The number of noise sources participating in the overall noise level of motor vehicle is subjected to the constraint of the calculation of the acoustic potential of each noise source under consideration. It is the prerequisite condition for the calculation of the acoustic potential of the whole vehicle. The recast form of pertinent set of equations describing the synergic model is laid down and solved by dint of Gauss method. The bunch of results emerged and some of them i.e. those ensuing from model application to MDD FAP Priboj motor vehicle in use are particularly elucidated.
Abstract: In the age of automation and computation aiding manufacturing, it is clear that manufacturing systems have become more complex than ever before. Although technological advances provide the capability to gain more value with fewer resources, sometimes utilisation of the manufacturing capabilities available to organisations is difficult to achieve. Flexible manufacturing systems (FMS) provide a unique capability to manufacturing organisations where there is a need for product range diversification by providing line efficiency through production flexibility. This is very valuable in trend driven production set-ups or niche volume production requirements. Although FMS provides flexible and efficient facilities, its optimal set-up is key in achieving production performance. As many variables are interlinked due to the flexibility provided by the FMS, analytical calculations are not always sufficient to predict the FMS’ performance. Simulation modelling is capable of capturing the complexity and constraints associated with FMS. This paper demonstrates how discrete event simulation (DES) can address complexity in an FMS to optimise the production line performance. A case study of an automotive FMS is presented. The DES model demonstrates different configuration options depending on prioritising objectives: utilisation and throughput. Additionally, this paper provides insight into understanding the impact of system set-up constraints on the FMS performance and demonstrates the exploration into the optimal production set-up.
Abstract: This paper provides a description of a Collision Avoidance algorithm that has been developed starting from the mathematical modeling of the flight of insects, in terms of spirals and conchospirals geometric paths. It is able to calculate a proper avoidance manoeuver aimed to prevent the infringement of a predefined distance threshold between ownship and the considered intruder, while minimizing the ownship trajectory deviation from the original path and in compliance with the aircraft performance limitations and dynamic constraints. The algorithm is designed in order to be suitable for real-time applications, so that it can be considered for the implementation in the most recent airborne automatic collision avoidance systems using the traffic data received through an ADS-B IN device. The presented approach is able to take into account the rules-of-the-air, due to the possibility to select, through specifically designed decision making logic based on the consideration of the encounter geometry, the direction of the calculated collision avoidance manoeuver that allows complying with the rules-of-the-air, as for instance the fundamental right of way rule. In the paper, the proposed collision avoidance algorithm is presented and its preliminary design and software implementation is described. The applicability of this method has been proved through preliminary simulation tests performed in a 2D environment considering single intruder encounter geometries, as reported and discussed in the paper.
Abstract: Designing a controller for stochastic decentralized interconnected large scale systems usually involves a high degree of complexity and computation ability. Noise, observability, and controllability of all system states, connectivity, and channel bandwidth are other constraints to design procedures for distributed large scale systems. The quasi-steady state model investigated in this paper is a reduced order model of the original system using singular perturbation techniques. This paper results in an optimal control synthesis to design an observer based feedback controller by standard stochastic control theory techniques using Linear Quadratic Gaussian (LQG) approach and Kalman filter design with less complexity and computation requirements. Numerical example is given at the end to demonstrate the efficiency of the proposed method.
Abstract: We present a family of data-reusing and affine
projection algorithms. For identification of a noisy linear finite
impulse response channel, a partial knowledge of a channel,
especially noise, can be used to improve the performance of
the adaptive filter. Motivated by this fact, the proposed scheme
incorporates an estimate of a knowledge of noise. A constraint, called
the adaptive noise constraint, estimates an unknown information of
noise. By imposing this constraint on a cost function of data-reusing
and affine projection algorithms, a cost function based on the adaptive
noise constraint and Lagrange multiplier is defined. Minimizing the
new cost function leads to the adaptive noise constrained (ANC)
data-reusing and affine projection algorithms. Experimental results
comparing the proposed schemes to standard data-reusing and affine
projection algorithms clearly indicate their superior performance.
Abstract: The use of QR (Quick Response Codes) codes for customer scanning with mobile phones is a rapidly growing trend. The QR code can provide the consumer with product information, user guides, product use, competitive pricing, etc. One sector for QR use has been in retail, through the use of Electronic Shelf Labeling (henceforth, ESL). In Europe, the use of ESL for pricing has been in practice for a number of years but continues to lag in acceptance in North America. Stated concerns include costs as a key constraint, but there is also evidence that consumer acceptance represents a limitation as well. The purpose of this study is to present the findings of a consumer based study to gage the impact on their use in the retail food sector.
Abstract: This paper presents a normalized subband adaptive
filtering (NSAF) algorithm to cope with the sparsity condition of
an underlying system in the context of compressive sensing. By
regularizing a weighted l1-norm of the filter taps estimate onto the
cost function of the NSAF and utilizing a subgradient analysis,
the update recursion of the l1-norm constraint NSAF is derived.
Considering two distinct weighted l1-norm regularization cases, two
versions of the l1-norm constraint NSAF are presented. Simulation
results clearly indicate the superior performance of the proposed
l1-norm constraint NSAFs comparing with the classical NSAF.
Abstract: Quad Flat No-Lead (QFN) packages have become very popular for turners, converters and audio amplifiers, among others applications, needing efficient power dissipation in small footprints. Since semiconductor junction temperature (TJ) is a critical parameter in the product quality. And to ensure that die temperature does not exceed the maximum allowable TJ, a thermal analysis conducted in an earlier development phase is essential to avoid repeated re-designs process with huge losses in cost and time. A simulation tool capable to estimate die temperature of components with QFN package was developed. Allow establish a non-empirical way to define an acceptance criterion for amount of voids in solder interface between its exposed pad and Printed Circuit Board (PCB) to be applied during industrialization process, and evaluate the impact of PCB designs parameters. Targeting PCB layout designer as an end user for the application, a user-friendly interface (GUI) was implemented allowing user to introduce design parameters in a convenient and secure way and hiding all the complexity of finite element simulation process. This cost effective tool turns transparent a simulating process and provides useful outputs after acceptable time, which can be adopted by PCB designers, preventing potential risks during the design stage and make product economically efficient by not oversizing it. This article gathers relevant information related to the design and implementation of the developed tool, presenting a parametric study conducted with it. The simulation tool was experimentally validated using a Thermal-Test-Chip (TTC) in a QFN open-cavity, in order to measure junction temperature (TJ) directly on the die under controlled and knowing conditions. Providing a short overview about standard thermal solutions and impacts in exposed pad packages (i.e. QFN), accurately describe the methods and techniques that the system designer should use to achieve optimum thermal performance, and demonstrate the effect of system-level constraints on the thermal performance of the design.
Abstract: This work proposed a multi-objective mathematical programming approach to select the appropriate supply network elements. The multi-item multi-objective production-distribution inventory model is formulated with possible constraints under fuzzy environment. The unit cost has taken under fuzzy environment. The inventory model and warehouse location model has combined to formulate the production-distribution inventory model. Warehouse location is important in supply chain network. Particularly, if a company maintains more selling stores it cannot maintain individual secondary warehouse near to each selling store. Hence, maintaining the optimum number of secondary warehouses is important. Hence, the combined mathematical model is formulated to reduce the total expenditure of the organization by arranging the network of minimum number of secondary warehouses. Numerical example has been taken to illustrate the proposed model.
Abstract: We present a new framework of the data-reusing (DR)
adaptive algorithms by incorporating a constraint on noise, referred
to as a noise constraint. The motivation behind this work is that the
use of the statistical knowledge of the channel noise can contribute
toward improving the convergence performance of an adaptive filter
in identifying a noisy linear finite impulse response (FIR) channel.
By incorporating the noise constraint into the cost function of the
DR adaptive algorithms, the noise constrained DR (NC-DR) adaptive
algorithms are derived. Experimental results clearly indicate their
superior performance over the conventional DR ones.
Abstract: We present a new subband adaptive filter (R-SAF)
which is robust against impulsive noise in system identification. To
address the vulnerability of adaptive filters based on the L2-norm
optimization criterion against impulsive noise, the R-SAF comes from
the L1-norm optimization criterion with a constraint on the energy
of the weight update. Minimizing L1-norm of the a posteriori error
in each subband with a constraint on minimum disturbance gives
rise to the robustness against the impulsive noise and the capable
convergence performance. Experimental results clearly demonstrate
that the proposed R-SAF outperforms the classical adaptive filtering
algorithms when impulsive noise as well as background noise exist.
Abstract: The present study is based on the three-dimensional digital analysis by the finite elements method of the mechanical loading effect on the delamination of unidirectional and multidirectional stratified composites. The aim of this work is the determination of the release energy rate G in mode I and the Von Mises equivalent constraint distribution along the damaged area under the influence of several parameters such as the applied load and the delamination size. The results obtained in this study show that the unidirectional composite laminates have better mechanical resistance one the loading line than the multidirectional composite laminates.
Abstract: The material selection problem is concerned with the
determination of the right material for a certain product to optimize
certain performance indices in that product such as mass, energy
density, and power-to-weight ratio. This paper is concerned about
optimizing the selection of the manufacturing process along with the
material used in the product under performance indices and
availability constraints. In this paper, the material selection problem
is formulated using binary programming and solved by genetic
algorithm. The objective function of the model is to minimize the
total manufacturing cost under performance indices and material and
manufacturing process availability constraints.
Abstract: The effectiveness of microchannels in enhancing heat
transfer has been demonstrated in the semiconductor industry. In
order to tap the microscale heat transfer effects into macro
geometries, overcoming the cost and technological constraints,
microscale passages were created in macro geometries machined
using conventional fabrication methods. A cylindrical insert was
placed within a pipe, and geometrical profiles were created on the
outer surface of the insert to enhance heat transfer under steady-state
single-phase liquid flow conditions. However, while heat transfer
coefficient values of above 10 kW/m2·K were achieved, the heat
transfer enhancement was accompanied by undesirable pressure drop
increment. Therefore, this study aims to address the high pressure
drop issue using Constructal theory, a universal design law for both
animate and inanimate systems. Two designs based on Constructal theory were developed to study
the effectiveness of Constructal features in reducing the pressure drop
increment as compared to parallel channels, which are commonly
found in microchannel fabrication. The hydrodynamic and heat
transfer performance for the Tree insert and Constructal fin (Cfin)
insert were studied using experimental methods, and the underlying
mechanisms were substantiated by numerical results. In technical
terms, the objective is to achieve at least comparable increment in
both heat transfer coefficient and pressure drop, if not higher
increment in the former parameter. Results show that the Tree insert improved the heat transfer
performance by more than 16 percent at low flow rates, as compared
to the Tree-parallel insert. However, the heat transfer enhancement
reduced to less than 5 percent at high Reynolds numbers. On the
other hand, the pressure drop increment stayed almost constant at 20
percent. This suggests that the Tree insert has better heat transfer
performance in the low Reynolds number region. More importantly,
the Cfin insert displayed improved heat transfer performance along
with favourable hydrodynamic performance, as compared to Cfinparallel
insert, at all flow rates in this study. At 2 L/min, the
enhancement of heat transfer was more than 30 percent, with 20
percent pressure drop increment, as compared to Cfin-parallel insert.
Furthermore, comparable increment in both heat transfer coefficient
and pressure drop was observed at 8 L/min. In other words, the Cfin
insert successfully achieved the objective of this study. Analysis of the results suggests that bifurcation of flows is
effective in reducing the increment in pressure drop relative to heat
transfer enhancement. Optimising the geometries of the Constructal
fins is therefore the potential future study in achieving a bigger stride
in energy efficiency at much lower costs.
Abstract: This paper explored the challenges faced by the
management of a Ghanaian state enterprise in managing conflicts and
disturbances associated with its attempt to implement new work
practices to enhance its capability to operate as a commercial entity.
The purpose was to understand the extent to which organizational
involvement, consistency and adaptability influence employees’
consumption of new work practices in transforming the
organization’s organizational activity system. Using selfadministered
questionnaires, data were collected from one hundred
and eighty (180) employees and analyzed using both descriptive and
inferential statistics. The results showed that constraints in
organizational involvement and adaptability prevented the positive
consumption of new work practices by employees in the
organization. It is also found that the organization’s employees failed
to consume the new practices being implemented, because they
perceived the process as non-involving, and as such, did not
encourage the development of employee capability, empowerment,
and teamwork. The study concluded that the failure of the
organization’s management to create opportunities for organizational
learning constrained its ability to get employees consume the new
work practices, which situation could have facilitated the
organization’s capabilities of operating as a commercial entity.
Abstract: Success means different things for different people.
For us, project managers, it becomes even harder to actually find a
definition. Many factors have to be included in the evaluation.
Moreover, literature is not very helpful, lacking consensus and
neutrality. Post-implementation reviews (PIR) can be an efficient tool
in evaluating how things worked on a certain project. Despite the
visible progress, PIR is not a very detailed subject yet and there is not
common understanding in this matter. This may be the reason that
some organizations include it in the projects’ lifecycle and some do
not. Through this paper, we point out the reasons why all project
managers should pay proper attention to this important step and to the
elements which can be assessed, beside the already famous triple
constraints: cost, budget and time. It is essential to take notice that PIR is not a checklist. It brings the
edge in eliminating subjectivity and judging projects based on actual
proof. Based on our experience, our success indicator model,
presented in this paper, contributes to the success of the project! In
the same time, it increases trust among customers who will perceive
success more objectively.
Abstract: Small-size and low-power sensors with sensing, signal
processing and wireless communication capabilities is suitable for the
wireless sensor networks. Due to the limited resources and battery
constraints, complex routing algorithms used for the ad-hoc networks
cannot be employed in sensor networks. In this paper, we propose
node-disjoint multi-path hexagon-based routing algorithms in wireless
sensor networks. We suggest the details of the algorithm and compare
it with other works. Simulation results show that the proposed scheme
achieves better performance in terms of efficiency and message
delivery ratio.