Abstract: The aim of this paper is to develop an empirical
research on the nature and consequences of corporate governance on
Eurozone Insurance Industry risk taking attitude. More particularly,
we analyzed the effect of public ownership on risk taking with
respect to privately held Insurance Companies. We also analyzed the
effects on risk taking attitude of different degrees of ownership
concentration, directors compensation, and the dimension/diversity of
the Board of Directors. Our results provide quite strong evidence that,
coherently with the Agency Theory, publicly traded insurance
companies with more concentrated ownership are less risky than the
corresponding privately held.
Abstract: The Greater Athens Area (GAA) faces photochemical
and particulate pollution episodes as a result of the combined effects
of local pollutant emissions, regional pollution transport, synoptic
circulation and topographic characteristics. The area has undergone
significant changes since the Athens 2004 Olympic Games because
of large scale infrastructure works that lead to the shift of population
to areas previously characterized as rural, the increase of the traffic
fleet and the operation of highways. However, few recent modelling
studies have been performed due to the lack of an accurate, updated
emission inventory. The photochemical modelling system
MM5/CAMx was applied in order to study the photochemical and
particulate pollution characteristics above the GAA for two distinct
ten-day periods in the summer of 2006 and 2010, where air pollution
episodes occurred. A new updated emission inventory was used
based on official data. Comparison of modeled results with
measurements revealed the importance and accuracy of the new
Athens emission inventory as compared to previous modeling
studies. The model managed to reproduce the local meteorological
conditions, the daily ozone and particulates fluctuations at different
locations across the GAA. Higher ozone levels were found at
suburban and rural areas as well as over the sea at the south of the
basin. Concerning PM10, high concentrations were computed at the
city centre and the southeastern suburbs in agreement with measured
data. Source apportionment analysis showed that different sources
contribute to the ozone levels, the local sources (traffic, port
activities) affecting its formation.
Abstract: In this work, we attempt to associate firm
characteristics with innovative activity. We collect microdata from
listed firms of selected Eurozone Country-members, after the
beginning of 2007 financial crisis. The following literature, several
indicators of growth and performance were selected and tested for
their ability to interpret innovative activity. The main scope is to
examine the possible differences in performance and growth between
innovative and non-innovative firms, during a severe recession.
Additionally to that, a special focus will be held on whether
macroeconomic performance and national innovation system,
determines the extent of innovators' performance. Preliminary
findings, through correlation matrices and non-parametric tests,
strongly indicate the positive relation between innovative activity and
most of the measures used (profitability, size, employment),
confirming that even during a recessionary period, innovative firms
not only survive but also seem to succeed better economic results in
almost all indexes relative to non-innovative. However, even though
innovators seem to perform better in all economies examined, the
extent of that performance seems to be strongly affected by the
supportive mechanisms (financial and structural) that their country
provides. Thus, it is clear, that the technologically intensive 'gap'
between European South and North, during the economic crisis,
became chaotic, due to the harsh austerity measures and reduced
budgets in those countries, even in sectors with high potentials in
economic activity and employment, impairing the effects of crisis and
enhancing the vicious circle of recession.
Abstract: In this paper we studied sono catalytic oxidative desulfurization of oil and diesel fraction from “Zhanazhol” oil deposits. We have established that the combined effect of the ultrasonic field and oxidant (ozone-air mixture) in the presence of the catalyst on the oil is potentially very effective method of desulfurization of oil and oil products. This method allows increasing the degree of desulfurization of oil by 62%.
Abstract: Currently, continuous two-phase decanter process
used for olive oil production is the more internationally widespread.
The wastewaters generated from this industry (OMW) are a real
environmental problem because of its high organic load. Among
proposed treatments for these wastewaters, advanced oxidation
technologies (Fenton, ozone, photoFenton, etc.) are the most
favourable. The direct application of these processes is somewhat
expensive. Therefore, the application of a previous stage based on a
flocculation-sedimentation operation is of high importance. In this
research five commercial flocculants (three cationic, and two anionic)
have been used to achieve the separation of phases (liquid clarifiedsludge).
For each flocculant, different concentrations (0-1000 mg/L)
have been studied. In these experiments, sludge volume formed and
the final water quality were determined. The final removal
percentages of total phenols (11.3-25.1%), COD (5.6-20.4%), total
carbon (2.3-26.5%), total organic carbon (1.50-23.8%), total nitrogen
(1.45-24.8%), and turbidity (27.9-61.4%) were determined. The
variation on electric conductivity reduction percentage (1-8%) was
also determined. Finally, the best flocculants with highest removal
percentages have been determined (QG2001 and Flocudex CS49).
Abstract: In this work, we attempt to analyze the contribution of
innovative activities to firm performance and growth. We examine
economic data from some of the economies that were heavily
affected by current economic crisis: the countries of southern Europe
(Portugal, Italy, Greece and Spain) and Ireland. Following literature,
an appropriate econometric model is developed and several indicators
are tested in order to disclose possible relation with innovative
activity. Findings confirm the crucial effect of innovative process in
economic activity, in firm and country level.
Abstract: In this article a comparison was made between Cu and
TiO2 supported catalysts on activated carbon for ozone
decomposition reaction. The activated carbon support in the case of
TiO2/AC sample was prepared by physicochemical pyrolysis and for
Cu/AC samples the supports are chemically modified carbons. The
prepared catalysts were synthesized by impregnation method. The
samples were annealed in two different regimes- in air and under
vacuum. To examine adsorption efficiency of the samples BET
method was used. All investigated catalysts supported on chemically
modified carbons have higher specific surface area compared to the
specific surface area of TiO2 supported catalysts, varying in the range
590÷620 m2/g. The method of synthesis of the precursors had
influenced catalytic activity.
Abstract: This paper focuses on the assessment of the air
pollution and morbidity relationship in Tunisia. Air pollution is
measured by ozone air concentration and the morbidity is measured
by the number of respiratory-related restricted activity days during
the 2-week period prior to the interview. Socioeconomic data are also
collected in order to adjust for any confounding covariates. Our
sample is composed by 407 Tunisian respondents; 44.7% are women,
the average age is 35.2, near 69% are living in a house built after
1980, and 27.8% have reported at least one day of respiratory-related
restricted activity. The model consists on the regression of the
number of respiratory-related restricted activity days on the air
quality measure and the socioeconomic covariates. In order to correct
for zero-inflation and heterogeneity, we estimate several models
(Poisson, negative binomial, zero inflated Poisson, Poisson hurdle,
negative binomial hurdle and finite mixture Poisson models).
Bootstrapping and post-stratification techniques are used in order to
correct for any sample bias. According to the Akaike information
criteria, the hurdle negative binomial model has the greatest goodness
of fit. The main result indicates that, after adjusting for
socioeconomic data, the ozone concentration increases the probability
of positive number of restricted activity days.
Abstract: The Montreal protocol and Kyoto protocol underlined the need of substitution of CFC’s and HCFC’s due to their adverse impact on atmospheric ozone layer which protects earth from U.V rays. The CFCs have been entirely ruled out since 1995 and a long-term basis HCFCs must be replaced by 2020. All this events motivated HFC refrigerants which are harmless to ozone layer. In this paper thermodynamic analysis of cascade refrigeration system has been done using three different refrigerant pairs R13-R12, R290-R23, and R404A-R23. Effect of various operating parameters i.e. evaporator temperature, condenser temperature, temperature difference in cascade condenser and low temperature cycle condenser temperature on performance parameters viz. COP, exergetic efficiency and refrigerant mass flow ratio have been studied. Thermodynamic analysis shows that out of three refrigerant pairs R12-R13, R290-R23 and R404A-R23 the COP of R290-R23 refrigerant pair is highest.
Abstract: The aim of the current research was to investigate the
gassy ozone effect on quality parameters of flaxes made form whole
biologically activated wheat grains. The research was accomplished
on wheat grains variety
Abstract: Ozone is well known as a powerful, fast reacting oxidant. Ozone based processes produce no by-product residual as non-reacted ozone decomposes to molecular oxygen. Therefore an application of ozone is widely accepted as one of the main approaches for a Sustainable and Clean Technologies development.
There are number of technologies which require ozone to be delivered to specific points of a production network or reactors construction. Due to space constraints, high reactivity and short life time of ozone the use of ozone generators even of a bench top scale is practically limited. This requires development of mini/micro scale ozone generator which can be directly incorporated into production units.
Our report presents a feasibility study of a new micro scale rector for ozone generation (MROG). Data on MROG calibration and indigo decomposition at different operation conditions are presented.
At selected operation conditions with residence time of 0.25 s the process of ozone generation is not limited by reaction rate and the amount of ozone produced is a function of power applied. It was shown that the MROG is capable to produce ozone at voltage level starting from 3.5kV with ozone concentration of 5.28*10-6 (mol/L) at 5kV. This is in line with data presented on numerical investigation for a MROG. It was shown that in compare to a conventional ozone generator, MROG has lower power consumption at low voltages and atmospheric pressure.
The MROG construction makes it applicable for both submerged and dry systems. With a robust compact design MROG can be used as an integrated module for production lines of high complexity.
Abstract: This study is focused on the development of prediction models of the Ozone concentration time series. Prediction model is built based on chaotic approach. Firstly, the chaotic nature of the time series is detected by means of phase space plot and the Cao method. Then, the prediction model is built and the local linear approximation method is used for the forecasting purposes. Traditional prediction of autoregressive linear model is also built. Moreover, an improvement in local linear approximation method is also performed. Prediction models are applied to the hourly Ozone time series observed at the benchmark station in Malaysia. Comparison of all models through the calculation of mean absolute error, root mean squared error and correlation coefficient shows that the one with improved prediction method is the best. Thus, chaotic approach is a good approach to be used to develop a prediction model for the Ozone concentration time series.
Abstract: Absorption spectra of infra-red (IR) radiation of the
disperse water medium absorbing the most important greenhouse
gases: CO2 , N2O , CH4 , C2H2 , C2H6 have been calculated by
the molecular dynamics method. Loss of the absorbing ability at the
formation of clusters due to a reduction of the number of centers
interacting with IR radiation, results in an anti-greenhouse effect.
Absorption of O3 molecules by the (H2O)50 cluster is investigated
at its interaction with Cl- ions. The splitting of ozone molecule on
atoms near to cluster surface was observed. Interaction of water
cluster with Cl- ions causes the increase of integrated intensity of
emission spectra of IR radiation, and also essential reduction of the
similar characteristic of Raman spectrum. Relative integrated
intensity of absorption of IR radiation for small water clusters was
designed. Dependences of the quantity of weight on altitude for
vapor of monomers, clusters, droplets, crystals and mass of all
moisture were determined. The anti-greenhouse effect of clusters was
defined as the difference of increases of average global temperature
of the Earth, caused by absorption of IR radiation by free water
molecules forming clusters, and absorption of clusters themselves.
The greenhouse effect caused by clusters makes 0.53 K, and the antigreenhouse
one is equal to 1.14 K. The increase of concentration of
CO2 in the atmosphere does not always correlate with the
amplification of greenhouse effect.
Abstract: Exposure to ambient air pollution has been linked to a
number of health outcomes, starting from modest transient changes in
the respiratory tract and impaired pulmonary function, continuing to
restrict activity/reduce performance and to the increase emergency
rooms visits, hospital admissions or mortality. The increase of
allergenic symptoms has been associated with air contaminants such
as ozone, particulate matter, fungal spores and pollen.
Considering the potential relevance of crossed effects of nonbiological
pollutants and airborne pollens and fungal spores on
allergy worsening, the aim of this work was to evaluate the influence
of non-biological pollutants (O3 and PM10) and meteorological
parameters on the concentrations of pollen and fungal spores using
multiple linear regressions.
The data considered in this study were collected in Oporto which
is the second largest Portuguese city, located in the North. Daily
mean of O3, PM10, pollen and fungal spore concentrations,
temperature, relative humidity, precipitation, wind velocity, pollen
and fungal spore concentrations, for 2003, 2004 and 2005 were
considered. Results showed that the 90th percentile of the adjusted
coefficient of determination, P90 (R2aj), of the multiple regressions
varied from 0.613 to 0.916 for pollen and from 0.275 to 0.512 for
fungal spores. O3 and PM10 showed to have some influence on the
biological pollutants. Among the meteorological parameters
analysed, temperature was the one that most influenced the pollen
and fungal spores airborne concentrations. Relative humidity also
showed to have some influence on the fungal spore dispersion.
Nevertheless, the models for each pollen and fungal spore were
different depending on the analysed period, which means that the
correlations identified as statistically significant can not be, even so,
consistent enough.
Abstract: This paper presents the investigation results of UV
measurement at different level of altitudes and the development of a
new portable instrument for measuring UV. The rapid growth of
industrial sectors in developing countries including Malaysia, brings
not only income to the nation, but also causes pollution in various
forms. Air pollution is one of the significant contributors to global
warming by depleting the Ozone layer, which would reduce the
filtration of UV rays. Long duration of exposure to high to UV rays
has many devastating health effects to mankind directly or indirectly
through destruction of the natural resources. This study aimed to
show correlation between UV and altitudes which indirectly can help
predict Ozone depletion. An instrument had been designed to
measure and monitors the level of UV. The instrument comprises of
two main blocks namely data logger and Graphic User Interface
(GUI). Three sensors were used in the data logger to detect changes
in the temperature, humidity and ultraviolet. The system has
undergone experimental measurement to capture data at two different
conditions; industrial area and high attitude area. The performance of
the instrument showed consistency in the data captured and the
results of the experiment drew a significantly high reading of UV at
high altitudes.
Abstract: This study investigated the relationship between urban
and rural ozone concentrations and quantified the extent to which
ambient rural conditions and the concentrations of other pollutants
can be used to predict urban ozone concentrations. The study
describes the variations of ozone in weekday and weekends as well as
the daily maximum recorded at selected monitoring stations. The
results showed that Putrajaya station had the highest concentrations
of O3 on weekend due the titration of NO during the weekday.
Additionally, Jerantut had the lowest average concentration with a
reading value high on Wednesdays. The comparisons of average and
maximum concentrations of ozone for the three stations showed that
the strongest significant correlation is recorded in Jerantut station
with the value R2= 0.769. Ozone concentrations originating from a
neighbouring urban site form a better predictor to the urban ozone
concentrations than widespread rural ozone at some levels of
temporal averaging. It is found that in urban and rural of Malaysian
peninsular, the concentration of ozone depends on the concentration
of NOx and seasonal meteorological factors. The HYSPLIT Model
(the northeast monsoon) showed that the wind direction can also
influence the concentration of ozone in the atmosphere in the studied
areas.
Abstract: This research studied the simulation of increased
ambient ozone to estimate nutrient content and genetic changes in
two Thai soybean cultivars (Chiang Mai 60 and Srisumrong 1).
Ozone stress conditions affected proteins and lipids. It was found
that proteins decreased, but lipids increased. Srisumrong 1 cultivars
were more sensitive to ozone stress than Chiang Mai 60 cultivars.
The effect of ozone stress conditions on plant phenotype and
genotype was analyzed using the AFLP technique for the 2 Thai
soybean cultivars (Chiang Mai 60 and Srisumrong 1).
Abstract: The determination of sugars in foods is very
significant. Their relation in fact, can affect the chemical and
sensorial quality of the matrix (e.g., sweetness, pH, total acidity,
microbial stability, global acceptability) and can provide information
on food to optimize several selected technological processes. Three
stages of ripeness (green, yellow and red) of tomatoes (Lycopersicon
Esculentum cv. Elegance) at different harvest dates were evaluated.
Fruit from all harvests were exposed to different of ozone doses
(0.25, 0.50 and 1 mg O3/g tomatoes) and clean air for 5 day at 15
°C±2 and 90-95 % relative humidity. Then, fruits were submitted for
extraction and analysis after a day from the finish of exposure of each
stage. The concentrations of the glucose and fructose increased in the
tomatoes which were subjected to ozone treatments.
Abstract: The present work deals with optimization of cascade refrigeration system using eco friendly refrigerants pair R507A and R23. R507A is azeotropic mixture composed of HFC refrigerants R125/R143a (50%/50% by wt.). R23 is a single component HFC refrigerant used as replacement to CFC refrigerant R13 in low temperature applications. These refrigerants have zero ozone depletion potential and are non-flammable. Optimization of R507AR23 cascade refrigeration system performance parameters such as minimum work required, refrigeration effect, coefficient of performance and exergetic efficiency was carried out in terms of eight operating parameters- combinations using Genetic Algorithm tool. The eight operating parameters include (1) low side evaporator temperature (2) high side condenser temperature (3) temperature difference in the cascade heat exchanger (4) low side condenser temperature (5) low side degree of subcooling (6) high side degree of subcooling (7) low side degree of superheating (8) high side degree of superheating. Results show that for minimum work system should operate at high temperature in low side evaporator, low temperature in high side condenser, low temperature difference in cascade condenser, high temperature in low side condenser and low degree of subcooling and superheating in both side. For maximum refrigeration effect system should operate at high temperature in low side evaporator, high temperature in high side condenser, high temperature difference in cascade condenser, low temperature in low side condenser and higher degree of subcooling in LT and HT side. For maximum coefficient of performance and exergetic efficiency, system should operate at high temperature in low side evaporator, low temperature in high side condenser, low temperature difference in cascade condenser, high temperature in low side condenser and higher degree of subcooling and superheating in low side of the system.
Abstract: Thermal-driven refrigeration systems have attracted increasing research and development interest in recent years. These systems do not cause ozone depletion and can reduce demand on electricity. The main objective of this work is to perform theoretical analyses of a thermal-driven refrigeration system using a new sorbent-sorptive pair as the working pair. The active component of sorbent is sodium thiocyanate (NaSCN). Ammonia (NH3) is chosen as sorptive. Based on the thermodynamic properties of the working solution, a mathematical model is introduced to analyze the system characteristics and performance. The results are used to compare with other thermal-driven refrigeration systems. It is shown that the advantages provided by this system over other absorption units include lower generator and evaporator temperatures, a higher coefficient of performance (COP). The COP is about 10 percent higher than the ones for the NH3-H2O system working at the same conditions.