Abstract: This research aimed to study the market feasibility for
new brand coffee house, the case study of Thailand.. This study is a
mixed methods research combining quantitative research and the
qualitative research. Primary data 350 sets of questionnaires were
distributed, and the high quality completed questionnaires of 320 sets
returned. Research samples are identified as customers’ of Hi-end
department stores in Thailand. The sources of secondary data were
critical selected from highly reliable sources, both from public and
private sectors. The results were used to classify the customer group
into two main groups, the younger than 25 and the older than 25years
old. Results of the younger group, are give priority to the dimension
of coffee house and its services dimension more than others, then
branding dimension and the product dimension respectively. On the
other hand, the older group give the difference result as they rate the
important of the branding, coffee house and its services, then the
product respectively. Coffee consuming is not just the trend but it
has become part of people lifestyle. And the new cultures also created
by the wise businessman. Coffee was long produced and consumed in
Thailand. But it is surprisingly the hi-end brand coffee houses in Thai
market are mostly imported brands. The café business possibility for
Thai brand coffee house in Thai market were discussed in the paper.
Abstract: In this paper, a post processing scheme is suggested
for improvement of Bit Error-Rate (BER) in optical fiber
transmission receivers. The developed scheme has been tested on
optical fiber systems operating with a non-return-to-zero (NRZ)
format at transmission rates of up to 10Gbps. The transmission
system considered is based on well known transmitters and receivers
blocks operating at wavelengths in the region of 1550 nm using a
standard single mode fiber. Performance of improved detected
signals has been evaluated via the analysis of quality factor and
computed bit error rates. Numerical simulations have shown a
noticeable improvement of the system BER after implementation of
the suggested post processing operation on the detected electrical
signals.
Abstract: With the development of technology, the growing
trend of fast and safe passenger transport, air pollution, traffic
congestion, increase in problems such as the increasing population
and the high cost of private vehicle usage made many cities around
the world with a population of more or less, start to build rail systems
as a means of urban transport in order to ensure the economic and
environmental sustainability and more efficient use of land in the
city. The implementation phase of rail systems costs much more than
other public transport systems. However, social and economic returns
in the long term made these systems the most popular investment tool
for planned and developing cities.
In our country, the purpose, goals and policies of transportation
plans are away from integrity, and the problems are not clearly
detected. Also, not defined and incomplete assessment of
transportation systems and insufficient financial analysis are the most
important cause of failure. Rail systems and other transportation
systems to be addressed as a whole is seen as the main factor in
increasing efficiency in applications that are not integrated yet in our
country to come to this point has led to the problem.
Abstract: This paper presents probabilistic horizontal seismic
hazard assessment of Naghan, Iran. It displays the probabilistic
estimate of Peak Ground Horizontal Acceleration (PGHA) for the
return period of 475, 950 and 2475 years. The output of the
probabilistic seismic hazard analysis is based on peak ground
acceleration (PGA), which is the most common criterion in designing
of buildings. A catalogue of seismic events that includes both
historical and instrumental events was developed and covers the
period from 840 to 2009. The seismic sources that affect the hazard
in Naghan were identified within the radius of 200 km and the
recurrence relationships of these sources were generated by Kijko
and Sellevoll. Finally Peak Ground Horizontal Acceleration (PGHA)
has been prepared to indicate the earthquake hazard of Naghan for
different hazard levels by using SEISRISK III software.
Abstract: Underpricing is one anomaly in initial public offerings
(IPO) literature that has been widely observed across different stock
markets with different trends emerging over different time periods.
This study seeks to determine how IPOs on the JSE performed on the
first day, first week and first month over the period of 1996-2011.
Underpricing trends are documented for both hot and cold market
periods in terms of four main sectors (cyclical, defensive, growth
stock and interest rate sensitive stocks). Using a sample of 360 listed
companies on the JSE, the empirical findings established that IPOs
on the JSE are significantly underpriced with an average market
adjusted first day return of 62.9%. It is also established that hot
market IPOs on the JSE are more underpriced than the cold market
IPOs. Also observed is the fact that as the offer price per share
increases above the median price for any given period, the level of
underpricing decreases substantially. While significant differences
exist in the level of underpricing of IPOs in the four different sectors
in the hot and cold market periods, interest rates sensitive stocks
showed a different trend from the other sectors and thus require
further investigation to uncover this pattern.
Abstract: Investment in a constructed facility represents a cost in
the short term that returns benefits only over the long term use of the
facility. Thus, the costs occur earlier than the benefits, and the owners
of facilities must obtain the capital resources to finance the costs of
construction. A project cannot proceed without an adequate
financing, and the cost of providing an adequate financing can be
quite large. For these reasons, the attention to the project finance is an
important aspect of project management. Finance is also a concern to
the other organizations involved in a project such as the general
contractor and material suppliers. Unless an owner immediately and
completely covers the costs incurred by each participant, these
organizations face financing problems of their own. At a more
general level, the project finance is the only one aspect of the general
problem of corporate finance. If numerous projects are considered
and financed together, then the net cash flow requirements constitute
the corporate financing problem for capital investment. Whether
project finance is performed at the project or at the corporate level
does not alter the basic financing problem .In this paper, we will first
consider facility financing from the owner's perspective, with due
consideration for its interaction with other organizations involved in a
project. Later, we discuss the problems of construction financing
which are crucial to the profitability and solvency of construction
contractors. The objective of this paper is to present the steps utilized
to determine the best combination of minimum project financing.
The proposed model considers financing; schedule and maximum net
area .The proposed model is called Project Financing and Schedule
Integration using Genetic Algorithms "PFSIGA". This model
intended to determine more steps (maximum net area) for any project
with a subproject. An illustrative example will demonstrate the
feature of this technique. The model verification and testing are put
into consideration.
Abstract: The main aim of this research is to investigate a novel technique for implementing a more natural and intelligent conversation system. Conversation systems are designed to converse like a human as much as their intelligent allows. Sometimes, we can think that they are the embodiment of Turing-s vision. It usually to return a predetermined answer in a predetermined order, but conversations abound with uncertainties of various kinds. This research will focus on an integrated natural language processing approach. This approach includes an integrated knowledge-base construction module, a conversation understanding and generator module, and a state manager module. We discuss effectiveness of this approach based on an experiment.
Abstract: This study investigates the relationship between 10
year bond value, Yen/U.S dollar exchange rate, non-farm payrolls (all
employs) and crude oil to U.S. Dow Jones Sustainability Index. A
GARCH model is used to test these relationships for the period
January 1st 1999 to January 31st 2008 using monthly data. Results
show that an increase of the 10 year bond and non farm payrolls (all
employs) lead to an increase of the D.J.S.I returns. On the contrary
the volatility of the Yen/U.S dollar exchange rates as well as the
increase of crude oil returns has negative effects on the U.S D.J.S.I
returns. This study aims at assisting investors to understand the
influences certain macroeconomic indicators have on the companies-
stock returns as reported by the D.J.S.I.
Abstract: If price and quantity are the fundamental building
blocks of any theory of market interactions, the importance of trading
volume in understanding the behavior of financial markets is clear.
However, while many economic models of financial markets have
been developed to explain the behavior of prices -predictability,
variability, and information content- far less attention has been
devoted to explaining the behavior of trading volume. In this article,
we hope to expand our understanding of trading volume by
developing a new measure of herding behavior based on a cross
sectional dispersion of volumes betas. We apply our measure to the
Toronto stock exchange using monthly data from January 2000 to
December 2002. Our findings show that the herd phenomenon
consists of three essential components: stationary herding, intentional
herding and the feedback herding.
Abstract: The purpose of this study was to develop a “teachers’
self-efficacy scale for high school physical education teachers
(TSES-HSPET)” in Taiwan. This scale is based on the self-efficacy
theory of Bandura [1], [2]. This study used exploratory and
confirmatory factor analyses to test the reliability and validity. The
participants were high school physical education teachers in Taiwan.
Both stratified random sampling and cluster sampling were used to
sample participants for the study. 350 teachers were sampled in the
first stage and 234 valid scales (male 133, female 101) returned.
During the second stage, 350 teachers were sampled and 257 valid
scales (male 143, female 110, 4 did not indicate gender) returned. The
exploratory factor analysis was used in the first stage, and it got
60.77% of total variance for construct validity. The Cronbach’s alpha
coefficient of internal consistency was 0.91 for sumscale, and
subscales were 0.84 and 0.90. In the second stage, confirmatory factor
analysis was used to test construct validity. The result showed that the
fit index could be accepted (χ2 (75) =167.94, p
Abstract: PT XYZ is a bottled drinking water company. To preserve production resources owned by the company so that the resources could be utilized well, it has implemented maintenance management system, which has important role in company's profitability, and is one of the factors influenced overall company's performance. Yet, up to now the company has never measured maintenance activities' contribution to company's performance. Performance evaluation is done according to adapted Balanced Scorecard model fitted to maintenance function context. This model includes six perspectives: innovation and growth, production, maintenance, environment, costumer, and finance. Actual performance measurement is done through Analytic Hierarchy Process and Objective Matrix. From the research done, we can conclude that the company's maintenance function is categorized in moderate performance. But, there are some indicators which has high priority but low performance, which are: costumers' complain rate, work lateness rate, and Return on Investment.
Abstract: This paper aims to present the main instruments used
in the economic literature for measuring the price risk, pointing out
on the advantages brought by the conditional variance in this respect.
The theoretical approach will be exemplified by elaborating an
EGARCH model for the price returns of wheat, both on Romanian
and on international market. To our knowledge, no previous
empirical research, either on price risk measurement for the
Romanian markets or studies that use the ARIMA-EGARCH
methodology, have been conducted. After estimating the
corresponding models, the paper will compare the estimated
conditional variance on the two markets.
Abstract: In our modern world, more physical transactions are being substituted by electronic transactions (i.e. banking, shopping, and payments), many businesses and companies are performing most of their operations through the internet. Instead of having a physical commerce, internet visitors are now adapting to electronic commerce (e-Commerce). The ability of web users to reach products worldwide can be greatly benefited by creating friendly and personalized online business portals. Internet visitors will return to a particular website when they can find the information they need or want easily. Dealing with this human conceptualization brings the incorporation of Artificial/Computational Intelligence techniques in the creation of customized portals. From these techniques, Fuzzy-Set technologies can make many useful contributions to the development of such a human-centered endeavor as e-Commerce. The main objective of this paper is the implementation of a Paradigm for the Intelligent Design and Operation of Human-Computer interfaces. In particular, the paradigm is quite appropriate for the intelligent design and operation of software modules that display information (such Web Pages, graphic user interfaces GUIs, Multimedia modules) on a computer screen. The human conceptualization of the user personal information is analyzed throughout a Cascaded Fuzzy Inference (decision-making) System to generate the User Ascribe Qualities, which identify the user and that can be used to customize portals with proper Web links.
Abstract: The fundamental objective of the university is to
genuinely provide a higher education to mankind and society. Higher
education institutions earn billions of dollars in research funds, granted
by national government or related institutions, which literally came
from taxpayers. Everyday universities consume those grants; in return,
provide society with a human resource and research developments.
However, not all taxpayers have their major concerns on those
researches, other than that they are more curiously to see the project
being build tangibly and evidently to certify what they pay for. This
paper introduces the concept of University – Community Business
Continuity Management for Disaster – Resilient City, which modified
the concept of Business Continuity Management (BCM) toward
university community to create advancing collaboration leading to the
disaster – resilient community and city. This paper focuses on
describing in details the backgrounds and principles of the concept and
discussing the advantages and limitations of the concept.
Abstract: In this paper, we apply the FM methodology to the
cross-section of Romanian-listed common stocks and investigate the
explanatory power of market beta on the cross-section of commons
stock returns from Bucharest Stock Exchange. Various assumptions
are empirically tested, such us linearity, market efficiency, the “no
systematic effect of non-beta risk" hypothesis or the positive
expected risk-return trade-off hypothesis. We find that the Romanian
stock market shows the same properties as the other emerging
markets in terms of efficiency and significance of the linear riskreturn
models. Our analysis included weekly returns from January
2002 until May 2010 and the portfolio formation, estimation and
testing was performed in a rolling manner using 51 observations (one
year) for each stage of the analysis.
Abstract: Prolonged immobilization leads to significant
weakness and atrophy of the skeletal muscle and can also impair the
recovery of muscle strength following injury. Therefore, it is
important to minimize the period under immobilization and accelerate
the return to normal activity. This study examined the effects of heat
treatment and rest-inserted exercise on the muscle activity of the lower
limb during knee flexion/extension. Twelve healthy subjects were
assigned to 4 groups that included: (1) heat treatment + rest-inserted
exercise; (2) heat + continuous exercise; (3) no heat + rest-inserted
exercise; and (4) no heat + continuous exercise. Heat treatment was
applied for 15 mins prior to exercise. Continuous exercise groups
performed knee flexion/extension at 0.5 Hz for 300 cycles without rest
whereas rest-inserted exercise groups performed the same exercise but
with 2 mins rest inserted every 60 cycles of continuous exercise.
Changes in the rectus femoris and hamstring muscle activities were
assessed at 0, 1, and 2 weeks of treatment by measuring the
electromyography signals of isokinetic maximum voluntary
contraction. Significant increases in both the rectus femoris and
hamstring muscles were observed after 2 weeks of treatment only
when both heat treatment and rest-inserted exercise were performed.
These results suggest that combination of various treatment techniques,
such as heat treatment and rest-inserted exercise, may expedite the
recovery of muscle strength following immobilization.
Abstract: The study examines the determinants of corporate cash holding of non-financial quoted firms in Nigeria using a sample of fifty four non-financial quoted firms listed on the Nigeria Stock Exchange for the period 1995-2009. Data were sourced from the Annual reports of the sampled firms and analyzed using Generalized Method of Moments(GMM). The study finds evidence supportive of a target adjustment model and that firms can not instantaneously adjust towards the target cash level owing to the fact that adjustment cost being costly,. Also, the result shows significant negative relationship between cash holdings and firm size, net working capital, return on asset and bank relationship and positive relationship with growth opportunities, leverage, inventories, account receivables and financial distress. Furthermore, there is no significant relationship between cash holdings and cash flow. In Nigerian setting, most of the variables that are relevant for explaining cash holdings in the Developed countries are found by this study to be relevant also in Nigeria.
Abstract: Among all geo-hydrological relationships, rainfallrunoff
relationship is of utmost importance in any hydrological
investigation and water resource planning. Spatial variation, lag time
involved in obtaining areal estimates for the basin as a whole can
affect the parameterization in design stage as well as in planning
stage. In conventional hydrological processing of data, spatial aspect
is either ignored or interpolated at sub-basin level. Temporal
variation when analysed for different stages can provide clues for its
spatial effectiveness. The interplay of space-time variation at pixel
level can provide better understanding of basin parameters.
Sustenance of design structures for different return periods and their
spatial auto-correlations should be studied at different geographical
scales for better management and planning of water resources.
In order to understand the relative effect of spatio-temporal
variation in hydrological data network, a detailed geo-hydrological
analysis of Betwa river catchment falling in Lower Yamuna Basin is
presented in this paper. Moreover, the exact estimates about the
availability of water in the Betwa river catchment, especially in the
wake of recent Betwa-Ken linkage project, need thorough scientific
investigation for better planning. Therefore, an attempt in this
direction is made here to analyse the existing hydrological and
meteorological data with the help of SPSS, GIS and MS-EXCEL
software. A comparison of spatial and temporal correlations at subcatchment
level in case of upper Betwa reaches has been made to
demonstrate the representativeness of rain gauges. First, flows at
different locations are used to derive correlation and regression
coefficients. Then, long-term normal water yield estimates based on
pixel-wise regression coefficients of rainfall-runoff relationship have
been mapped. The areal values obtained from these maps can
definitely improve upon estimates based on point-based
extrapolations or areal interpolations.
Abstract: The article examines an opportunity of corruption
restriction exercised by international business community in Russia.
Integration of Russian economy into the international business does
not reduce corruption inside the country. Foreign actors investing in
Russia under the condition of obtaining their required rates of returns
will be reluctant to harm their investments by involving into anticorruption
activities. Furthermore, many Russian firms- competitive
advantage could be directly related to their corruption connections. In
this case, foreign investments would only accentuate corrupt
companies- success by supporting them financially
Abstract: Very few studies have examined performance
implications of strategic alliance announcements in the information
technologies industry from a resource-based view. Furthermore, none
of these studies have investigated resource congruence and alliance
motive as potential sources of abnormal firm performance. This paper
extends upon current resource-based literature to discover and explore
linkages between these concepts and the practical performance of
strategic alliances. This study finds that strategic alliance
announcements have provided overall abnormal positive returns, and
that marketing alliances with marketing resource incongruence have
also contributed to significant firm performance.