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: Text Mining is around applying knowledge discovery techniques to unstructured text is termed knowledge discovery in text (KDT), or Text data mining or Text Mining. In Neural Network that address classification problems, training set, testing set, learning rate are considered as key tasks. That is collection of input/output patterns that are used to train the network and used to assess the network performance, set the rate of adjustments. This paper describes a proposed back propagation neural net classifier that performs cross validation for original Neural Network. In order to reduce the optimization of classification accuracy, training time. The feasibility the benefits of the proposed approach are demonstrated by means of five data sets like contact-lenses, cpu, weather symbolic, Weather, labor-nega-data. It is shown that , compared to exiting neural network, the training time is reduced by more than 10 times faster when the dataset is larger than CPU or the network has many hidden units while accuracy ('percent correct') was the same for all datasets but contact-lences, which is the only one with missing attributes. For contact-lences the accuracy with Proposed Neural Network was in average around 0.3 % less than with the original Neural Network. This algorithm is independent of specify data sets so that many ideas and solutions can be transferred to other classifier paradigms.
Abstract: Aiming at the problems existing in low-carbon technology of Chinese manufacturing industries, such as irrational energy structure, lack of technological innovation, financial constraints, this paper puts forward the suggestion that the leading role of the government is combined with the roles of enterprises and market. That is, through increasing the governmental funding the adjustment of the industrial structures and enhancement of the legal supervision are supported. Technological innovation is accelerated by the enterprises, and the carbon trading will be promoted so as to trigger the low-carbon revolution in Chinese manufacturing field.
Abstract: The concentrations of As, Hg, Co, Cr and Cd were
tested for each soil sample, and their spatial patterns were analyzed
by the semivariogram approach of geostatistics and geographical
information system technology. Multivariate statistic approaches
(principal component analysis and cluster analysis) were used to
identify heavy metal sources and their spatial pattern. Principal
component analysis coupled with correlation between heavy metals
showed that primary inputs of As, Hg and Cd were due to
anthropogenic while, Co, and Cr were associated with pedogenic
factors. Ordinary kriging was carried out to map the spatial patters of
heavy metals. The high pollution sources evaluated was related with
usage of urban and industrial wastewater. The results of this study
helpful for risk assessment of environmental pollution for decision
making for industrial adjustment and remedy soil pollution.
Abstract: The European countries that during the past two
decades based their exchange rate regimes on currency board
arrangement (CBA) are usually analysed from the perspective of
corner solution choice’s stabilisation effects. There is an open
discussion on the positive and negative background of a strict
exchange rate regime choice, although it should be seen as part of the
transition process towards the monetary union membership. The
focus of the paper is on the Baltic countries that after two decades of
a rigid exchange rate arrangement and strongly influenced by global
crisis are finishing their path towards the euro zone. Besides the
stabilising capacity, the CBA is highly vulnerable regime, with
limited developing potential. The rigidity of the exchange rate (and
monetary) system, despite the ensured credibility, do not leave
enough (or any) space for the adjustment and/or active crisis
management. Still, the Baltics are in a process of recovery, with fiscal
consolidation measures combined with (painful and politically
unpopular) measures of internal devaluation. Today, two of them
(Estonia and Latvia) are members of euro zone, fulfilling their
ultimate transition targets, but de facto exchanging one fixed regime
with another.
The paper analyses the challenges for the CBA in unstable
environment since the fixed regimes rely on imported stability and
are sensitive to external shocks. With limited monetary instruments,
these countries were oriented to the fiscal policies and used a
combination of internal devaluation and tax policy measures. Despite
their rather quick recovery, our second goal is to analyse the long
term influence that the measures had on the national economy.
Abstract: The development of sustainable utilization water resources is crucial. The ecological environment and water resources systems form the foundation of the existence and development of the social economy. The urban ecological support system depends on these resources as well. This research studies the vulnerability, criticality, and risk of climate change on water supply and demand in the main administrative district of the Taijiang Area (Tainan City). Based on the two situations set in this paper and various factors (indexes), this research adopts two kinds of weights (equal and AHP) to conduct the calculation and establish the water supply and demand risk map for the target year 2039. According to the risk analysis result, which is based on equal weight, only one district belongs to a high-grade district (Grade 4). Based on the AHP weight, 16 districts belong to a high-grade or higher-grade district (Grades 4 and 5), and from among them, two districts belong to the highest grade (Grade 5). These results show that the risk level of water supply and demand in cities is higher than that in towns. The government generally gives more attention to the adjustment strategy in the “cities." However, it should also provide proper adjustment strategies for the “towns" to be able to cope with the risks of water supply and demand.
Abstract: The present work is concerned with sulfidation of Cu,
Zn and Ni containing plating wastewater with CaS. The sulfidation
experiments were carried out at a room temperature by adding solid
CaS to simulated metal solution containing either single-metal of Ni,
Zn and Cu, or Ni-Zn-Cu mixture. At first, the experiments were
conducted without pH adjustment and it was found that the complete
sulfidation of Zn and Ni was achieved at an equimolar ratio of CaS to a
particular metal. However, in the case of Cu, a complete copper
sulfidation was achieved at CaS to Cu molar ratio of about 2. In the
case of the selective sulfidation, a simulated plating solution
containing Cu, Zn and Ni at the concentration of 100 mg/dm3 was
treated with CaS under various pH conditions. As a result, selective
precipitation of metal sulfides was achieved by a sulfidation treatment
at different pH values. Further, the precipitation agents of NaOH,
Na2S and CaS were compared in terms of the average specific
filtration resistance and compressibility coefficients of metal sulfide
slurry. Consequently, based on the lowest filtration parameters of the
produced metal sulfides, it was concluded that CaS was the most
effective precipitation agent for separation and recovery of Cu, Zn and
Ni.
Abstract: The study of the variability of the postural strategies
in low back pain patients, as a criterion in evaluation of the
adaptability of this system to the environmental demands is the
purpose of this study. A cross-sectional case-control study was
performed on 21 recurrent non-specific low back pain patients and 21
healthy volunteers. The electromyography activity of Deltoid,
External Oblique (EO), Transverse Abdominis/Internal Oblique
(TrA/IO) and Erector Spine (ES) muscles of each person was
recorded in 75 rapid arm flexion with maximum acceleration.
Standard deviation of trunk muscles onset relative to deltoid muscle
onset were statistically analyzed by MANOVA . The results show
that chronic low back pain patients exhibit less variability in their
anticipatory postural adjustments (APAs) in comparison with the
control group. There is a decrease in variability of postural control
system of recurrent non-specific low back pain patients that can
result in the persistence of pain and chronicity by decreasing the
adaptability to environmental demands.
Abstract: This paper discusses the classification process for medical data. In this paper, we use the data from ACM KDDCup 2008 to demonstrate our classification process based on latent topic discovery. In this data set, the target set and outliers are quite different in their nature: target set is only 0.6% size in total, while the outliers consist of 99.4% of the data set. We use this data set as an example to show how we dealt with this extremely biased data set with latent topic discovery and noise reduction techniques. Our experiment faces two major challenge: (1) extremely distributed outliers, and (2) positive samples are far smaller than negative ones. We try to propose a suitable process flow to deal with these issues and get a best AUC result of 0.98.
Abstract: World population growth drives food demand, promotes intensification of agriculture, development of new production technologies and varieties more suitable for regional nature conditions. Climate change can affect the length of growing period, biomass and carbon accumulation in winter wheat. The increasing mean air temperature resulting from climate change can reduce the length of growth period of cereals, and without adequate adjustments in growing technologies or varieties, can reduce biomass and carbon accumulation. Deeper understanding and effective measures for monitoring and management of cereal growth process are needed for adaptation to changing climate and technological conditions.
Abstract: This study defines a methodology to compute unitary costs for freight transportation modes. The main objective was to gather relevant costs data to support the formulation and evaluation of railway, road, pipelines and port projects. This article will concentrate on the following steps: Compilation and analysis of relevant modal cost studies, Methodological adjustments to make cost figures comparable between studies, Definition of typology and scope of transportation modes, Analysis and validation of cost values for relevant freight transportation modes in Chile. In order to define the comparison methodology for the costs between the different transportation modes, it was necessary to consider that the relevant cost depends on who performs the comparison. Thus, for the transportation user (e.g. exporter) the pertinent costs are the mode tariffs, whereas from the operators perspective (e.g. rail manager), the pertinent costs are the operating costs of each mode.
Abstract: In this study, a reformer model simulation to use
refinery (Farashband refinery, Iran) waste natural gas. In the
petroleum and allied sectors where natural gas is being encountered
(in form of associated gas) without prior preparation for its positive
use, its combustion (which takes place in flares, an equipment through
which they are being disposed) has become a great problem because
of its associated environmental problems in form of gaseous emission.
The proposed model is used to product syngas from waste natural gas.
A detailed steady model described by a set of ordinary differential and
algebraic equations was developed to predict the behavior of the
overall process. The proposed steady reactor model was validated
against process data of a reformer synthesis plant recorded and a good
agreement was achieved. H2/CO ratio has important effect on Fischer-
Tropsch synthesis reactor product and we try to achieve this parameter
with best designing reformer reactor. We study different kind of
reformer reactors and then select auto thermal reforming process of
natural gas in a fixed bed reformer that adjustment H2/CO ratio with
CO2 and H2O injection. Finally a strategy was proposed for prevention
of extra natural gas to atmosphere.
Abstract: Literature reveals that many investors rely on technical trading rules when making investment decisions. If stock markets are efficient, one cannot achieve superior results by using these trading rules. However, if market inefficiencies are present, profitable opportunities may arise. The aim of this study is to investigate the effectiveness of technical trading rules in 34 emerging stock markets. The performance of the rules is evaluated by utilizing White-s Reality Check and the Superior Predictive Ability test of Hansen, along with an adjustment for transaction costs. These tests are able to evaluate whether the best model performs better than a buy-and-hold benchmark. Further, they provide an answer to data snooping problems, which is essential to obtain unbiased outcomes. Based on our results we conclude that technical trading rules are not able to outperform a naïve buy-and-hold benchmark on a consistent basis. However, we do find significant trading rule profits in 4 of the 34 investigated markets. We also present evidence that technical analysis is more profitable in crisis situations. Nevertheless, this result is relatively weak.
Abstract: EPA (Ethernet for Plant Automation) resolves the nondeterministic problem of standard Ethernet and accomplishes real-time communication by means of micro-segment topology and deterministic scheduling mechanism. This paper studies the real-time performance of EPA periodic data transmission from theoretical and experimental perspective. By analyzing information transmission characteristics and EPA deterministic scheduling mechanism, 5 indicators including delivery time, time synchronization accuracy, data-sending time offset accuracy, utilization percentage of configured timeslice and non-RTE bandwidth that can be used to specify the real-time performance of EPA periodic data transmission are presented and investigated. On this basis, the test principles and test methods of the indicators are respectively studied and some formulas for real-time performance of EPA system are derived. Furthermore, an experiment platform is developed to test the indicators of EPA periodic data transmission in a micro-segment. According to the analysis and the experiment, the methods to improve the real-time performance of EPA periodic data transmission including optimizing network structure, studying self-adaptive adjustment method of timeslice and providing data-sending time offset accuracy for configuration are proposed.
Abstract: The main problems of data centric and open source
project are large number of developers and changes of core
framework. Model-View-Control (MVC) design pattern significantly
improved the development and adjustments of complex projects.
Entity framework as a Model layer in MVC architecture has
simplified communication with the database. How often are the new
technologies used and whether they have potentials for designing
more efficient Enterprise Resource Planning (ERP) system that will
be more suited to accountants?
Abstract: This paper evaluates the association between
economic environment in the districts of Madrid (Spain) and physical
inactivity, using income per capita as indicator of economic
environment. The analysis included 6,601 individuals aged 16 to 74
years. The measure of association estimated was the prevalence odds
ratio for physical inactivity by income per capita. After adjusting for
sex, age, and individual socioeconomic characteristics, people living
in the districts with the lowest per capita income had an odds ratio for
physical inactivity 1.58 times higher (95% confidence interval 1.35 to
1.85) than those living in districts with the highest per capita income.
Additional adjustment for the availability of sports facilities in each
district did not decrease the magnitude of the association. These
findings show that the widely believed assumption that the
availability of sports and recreational facilities, as a possible
explanation for the relation between economic environment and
physical inactivity, cannot be considered a universal observation.
Abstract: To solve the quick and accurate level-adjusting
problem in the process of spacecraft precise mating, automatic leveling
and equalizing hoist device for spacecraft is developed. Based on
lifting point adjustment by utilizing XY-workbench, the leveling and
equalizing controller by a self-adaptive control algorithm is proposed.
By simulation analysis and lifting test using engineering prototype,
validity and reliability of the hoist device is verified, which can meet
the precision mating requirements of practical applications for
spacecraft.
Abstract: This paper presents a forgetting factor scheme for variable step-size affine projection algorithms (APA). The proposed scheme uses a forgetting processed input matrix as the projection matrix of pseudo-inverse to estimate system deviation. This method introduces temporal weights into the projection matrix, which is typically a better model of the real error's behavior than homogeneous temporal weights. The regularization overcomes the ill-conditioning introduced by both the forgetting process and the increasing size of the input matrix. This algorithm is tested by independent trials with coloured input signals and various parameter combinations. Results show that the proposed algorithm is superior in terms of convergence rate and misadjustment compared to existing algorithms. As a special case, a variable step size NLMS with forgetting factor is also presented in this paper.
Abstract: Positron emission particle tracking (PEPT) is a
technique in which a single radioactive tracer particle can be
accurately tracked as it moves. A limitation of PET is that in order to
reconstruct a tomographic image it is necessary to acquire a large
volume of data (millions of events), so it is difficult to study rapidly
changing systems. By considering this fact, PEPT is a very fast
process compared with PET.
In PEPT detecting both photons defines a line and the annihilation
is assumed to have occurred somewhere along this line. The location
of the tracer can be determined to within a few mm from coincident
detection of a small number of pairs of back-to-back gamma rays and
using triangulation. This can be achieved many times per second and
the track of a moving particle can be reliably followed. This
technique was invented at the University of Birmingham [1].
The attempt in PEPT is not to form an image of the tracer particle
but simply to determine its location with time. If this tracer is
followed for a long enough period within a closed, circulating system
it explores all possible types of motion.
The application of PEPT to industrial process systems carried out
at the University of Birmingham is categorized in two subjects: the
behaviour of granular materials and viscous fluids. Granular
materials are processed in industry for example in the manufacture of
pharmaceuticals, ceramics, food, polymers and PEPT has been used
in a number of ways to study the behaviour of these systems [2].
PEPT allows the possibility of tracking a single particle within the
bed [3]. Also PEPT has been used for studying systems such as: fluid
flow, viscous fluids in mixers [4], using a neutrally-buoyant tracer
particle [5].
Abstract: One of the disadvantages of using OFDM is the larger
peak to averaged power ratio (PAPR) in its time domain signal. The
larger PAPR signal would course the fatal degradation of bit error
rate performance (BER) due to the inter-modulation noise in the nonlinear
channel. This paper proposes an improved DSI (Dummy
Sequence Insertion) method, which can achieve the better PAPR and
BER performances. The feature of proposed method is to optimize
the phase of each dummy sub-carrier so as to reduce the PAPR
performance by changing all predetermined phase coefficients in the
time domain signal, which is calculated for data sub-carriers and
dummy sub-carriers separately. To achieve the better PAPR
performance, this paper also proposes to employ the time-frequency
domain swapping algorithm for fine adjustment of phase coefficient
of the dummy subcarriers, which can achieve the less complexity of
processing and achieves the better PAPR and BER performances
than those for the conventional DSI method. This paper presents
various computer simulation results to verify the effectiveness of
proposed method as comparing with the conventional methods in the
non-linear channel.