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: The p53 tumor suppressor gene plays two important
roles in genomic stability: blocking cell proliferation after DNA
damage until it has been repaired, and starting apoptosis if the
damage is too critical. Codon 72 exon4 polymorphism (Arg72Pro) of
the P53 gene has been implicated in cancer risk. Various studies have
been done to investigate the status of p53 at codon 72 for arginine
(Arg) and proline (Pro) alleles in different populations and also the
association of this codon 72 polymorphism with various tumors. Our
objective was to investigate the possible association between P53
Arg72Pro polymorphism and susceptibility to colorectal cancer
among Isfahan and Chaharmahal Va Bakhtiari (a part of south west
of Iran) population. We investigated the status of p53 at codon 72 for
Arg/Arg, Arg/Pro and Pro/Pro allele polymorphisms in blood
samples from 145 colorectal cancer patients and 140 controls by
Nested-PCR of p53 exon 4 and digestion with BstUI restriction
enzyme and the DNA fragments were then resolved by
electrophoresis in 2% agarose gel. The Pro allele was 279 bp, while
the Arg allele was restricted into two fragments of 160 and 119 bp.
Among the 145 colorectal cancer cases 49 cases (33.79%) were
homozygous for the Arg72 allele (Arg/Arg), 18 cases (12.41%) were
homozygous for the Pro72 allele (Pro/Pro) and 78 cases (53.8%)
found in heterozygous (Arg/Pro).
In conclusion, it can be said that p53Arg/Arg genotype may be
correlated with possible increased risk of this kind of cancers in south
west of Iran.
Abstract: 17α-ethynylestradiol (EE2) is a synthetic estrogen
used as a key ingredient in an oral contraceptives pill. EE2 is an
endocrine disrupting compound, high in estrogenic potency.
Although EE2 exhibits low degree of biodegradability with common
microorganisms in wastewater treatment plants (WWTPs), this
compound can be biotransformed by ammonia-oxidizing bacteria
(AOB) via a co-metabolism mechanism in WWTPs. This study
aimed to investigate the effect of real wastewater on
biotransformation of EE2 by AOB. A preliminary experiment on the
effect of nitrite and pH levels on abiotic transformation of EE2
suggested that the abiotic transformation occurred at only pH
Abstract: Car accident is one of the major causes of death in many countries. Many researchers have attempted to design and develop techniques to increase car safety in the past recent years. In spite of all the efforts, it is still challenging to design a system adaptive to the driver rather than the automotive characteristics. In this paper, the adaptive car safety system is explained which attempts to find a balance.
Abstract: In this paper we present a method of abrupt cut detection with a novel logic of frames- comparison. Actual frame is compared with its motion estimated prediction instead of comparison with successive frame. Four different similarity metrics were employed to estimate the resemblance of compared frames. Obtained results were evaluated by standard used measures of test accuracy and compared with existing approach. Based on the results, we claim the proposed method is more effective and Pearson correlation coefficient obtained the best results among chosen similarity metrics.
Abstract: In this paper, we present local image descriptor using
VQ-SIFT for more effective and efficient image retrieval. Instead of
SIFT's weighted orientation histograms, we apply vector quantization
(VQ) histogram as an alternate representation for SIFT features.
Experimental results show that SIFT features using VQ-based local
descriptors can achieve better image retrieval accuracy than the
conventional algorithm while the computational cost is significantly
reduced.
Abstract: In this paper, a new formulation for acoustics coupled with linear elasticity is presented. The primary objective of the work is to develop a three dimensional hp adaptive finite element method code destinated for modeling of acoustics of human head. The code will have numerous applications e.g. in designing hearing protection devices for individuals working in high noise environments. The presented work is in the preliminary stage. The variational formulation has been implemented and tested on a sequence of meshes with concentric multi-layer spheres, with material data representing the tissue (the brain), skull and the air. Thus, an efficient solver for coupled elasticity/acoustics problems has been developed, and tested on high contrast material data representing the human head.
Abstract: In this paper the behavior of fixed series compensated
extra high voltage transmission lines during faults is simulated. Many
over-voltage protection schemes for series capacitors are limited in
terms of size and performance, and are easily affected by
environmental conditions. While the need for more compact and
environmentally robust equipment is required. use of series
capacitors for compensating part of the inductive reactance of long
transmission lines increases the power transmission capacity.
Emphasis is given on the impact of modern capacitor protection
techniques (MOV protection). The simulation study is performed
using MATLAB/SIMULINK®and results are given for a three phase
and a single phase to ground fault.
Abstract: This work is an attempt to use the standard Smoothed
Particle Hydrodynamics methodology for the simulation of the
complex unsteady, free-surface flow in a rotating Turgo impulse
water turbine. A comparison of two different geometries was
conducted. The SPH method due to its mesh-less nature is capable of
capturing the flow features appearing in the turbine, without
diffusion at the water/air interface. Furthermore results are compared
with a commercial CFD package (Fluent®) and the SPH algorithm
proves to be capable of providing similar results, in much less time
than the mesh based CFD program. A parametric study was also
performed regarding the turbine inlet angle.
Abstract: The contamination of 15 ground water resources
of a selected region earmarked for the emergency supply
of population has been monitored. The resources have been selected
on the basis of previous assessment of natural conditions
and the exploitation of territory in their surroundings and infiltration
area. Two resources out of 15 have been excluded from further
exploitation, because they have not met some of the 72 assessed
hygienic indicators of extended analysis. The remaining 13 resources
have been the subject of health risk analysis in relation
to the contamination by arsenic, lead, cadmium, mercury, nickel and
manganese. The risk analysis proved that all 13 resources meet
health standards with regard to the above mentioned purposefully
selected elements and may thus be included into crisis plans. Water
quality of ground resources may be assessed in the same way
with regard to other contaminants.
Abstract: There are many debates now regarding undervalued
and overvalued currencies currently traded on the world financial
market. This paper contributes to these debates from a theoretical
point of view. We present the three most commonly used methods of
estimating the equilibrium real effective exchange rate (REER):
macroeconomic balance approach, external sustainability approach
and equilibrium real effective exchange rate approach in the reduced
form. Moreover, we discuss key concepts of the calculation of the
real exchange rate (RER) based on applied explanatory variables:
nominal exchange rates, terms of trade and tradable and non-tradable
goods. Last but not least, we discuss the three main driving forces
behind real exchange rates movements which include terms of trade,
relative productivity growth and the interest rate differential.
Abstract: The hydraulic actuated excavator, being a non-linear
mobile machine, encounters many uncertainties. There are
uncertainties in the hydraulic system in addition to the uncertain
nature of the load. The simulation results obtained in this study show
that there is a need for intelligent control of such machines and in
particular interval type-2 fuzzy controller is most suitable for
minimizing the position error of a typical excavator-s bucket under
load variations. We consider the model parameter uncertainties such
as hydraulic fluid leakage and friction. These are uncertainties which
also depend up on the temperature and alter bulk modulus and
viscosity of the hydraulic fluid. Such uncertainties together with the
load variations cause chattering of the bucket position. The interval
type-2 fuzzy controller effectively eliminates the chattering and
manages to control the end-effecter (bucket) position with positional
error in the order of few millimeters.
Abstract: The photonic component industry is a highly
innovative industry with a large value chain. In order to ensure the
growth of the industry much effort must be devoted to road mapping
activities. In such activities demand and price evolution forecasting
tools can prove quite useful in order to help in the roadmap
refinement and update process. This paper attempts to provide useful
guidelines in roadmapping of optical components and considers two
models based on diffusion theory and the extended learning curve for
demand and price evolution forecasting.
Abstract: In this contribution a newly developed elearning environment is presented, which incorporates Intelligent Agents and Computational Intelligence Techniques. The new e-learning environment is constituted by three parts, the E-learning platform Front-End, the Student Questioner Reasoning and the Student Model Agent. These parts are distributed geographically in dispersed computer servers, with main focus on the design and development of these subsystems through the use of new and emerging technologies. These parts are interconnected in an interoperable way, using web services for the integration of the subsystems, in order to enhance the user modelling procedure and achieve the goals of the learning process.
Abstract: During the year 1999, Serbia (ex Yugoslavia) and their northern province, Vojvodina, has been bombarded. Because of that general public believe is that this region was contaminated by depleted uranium and that there is a potential contaminant of agricultural products due to soil radioactivity. This paper presents the repeated analysis of agricultural soil samples in Vojvodina. The same investigation was carried out during the year 2001, and it was concluded that, based on the gamma-spectrometric analysis of 50 soil samples taken from the region of Vojvodina, there haven-t been registered any increase of radioactivity that could endanger the food production. We continue with the monitoring of this region. The comparison between those two sets of results is presented.
Abstract: The study of interaction among the grain, moisture,
and the surrounding space (air) is key to understanding the graindrying
process. In Iran, rice (mostly Indica type) is dried by flat
bed type dryer until the final MC reaches to 6 to 8%. The
experiments were conducted to examine the effect of application of
discharge fan with different heights of paddy on the drying
efficiency. Experiments were designed based on two different
configurations of the drying methods; with and without discharge
fan with three different heights of paddy including; 5, 10, and 15
cm. The humid heated air will be going out immediately by the
suction of discharge fan. The drying time is established upon the
average final MC to achieve about 8%. To save energy and reduce
the drying time, the distribution of temperature between layers
should be fast and uniform with minimum difference; otherwise
the difference of MC gradient between layers will be high and will
induce grain breakage. The difference of final MC between layers
in the two methods was 48-73%. The steady state of temperature
between the two methods has saved time in the range of 10-20%,
and the efficiency of temperature distribution increased 17-26% by
the use of discharge fan.
Abstract: In the present paper some recommendations for the
use of software package “Mathematica" in a basic numerical analysis
course are presented. The methods which are covered in the course
include solution of systems of linear equations, nonlinear equations
and systems of nonlinear equations, numerical integration,
interpolation and solution of ordinary differential equations. A set of
individual assignments developed for the course covering all the
topics is discussed in detail.
Abstract: The present investigation aimed to study the
histomorphometric characterizations of the thyroid gland of the duck.
Five adult male and five adult female ducks were used in the
experiment. Results showed that the overall histological structure of
the thyroid gland of the duck were similar to those of the other
vertebrae. The gland consisted of roughly spherical randomly
distributed micro and macrofollicles with very little interstitial tissue
between them. Each follicle is lined by a single layer of epithelial
cells enclosing a cavity, the follicular cavity, which is filled with
colloid. Ultrastructural findings showed that the apical surface of the
follicular cells bears a variable number of short, irregularly
distributed microvilli which are apparently more numerous on the
columnar cells than on the lower, relatively inactive cells.
Mitochondria and rough endoplasmic reticulum occupy the
subnuclear region of the follicular cell, whereas the Golgi complex,
free ribosomes and colloid droplets were found in the apical
cytoplasm. At light or electron microscopic levels, there was no sex
difference in histomorphometric characteristics of the thyroid
glands.ls.
Abstract: Feeder is one of the airships of the Multibody Advanced Airship for Transport (MAAT) system, under development within the EU FP7 project. MAAT is based on a modular concept composed of two different parts that have the possibility to join; respectively they are the so-called Cruiser and Feeder, designed on the lighter than air principle. Feeder, also named ATEN (Airship Transport Elevator Network), is the smaller one which joins the bigger one, Cruiser, also named PTAH (Photovoltaic modular Transport Airship for High altitude),envisaged to happen at 15km altitude. During the MAAT design phase, the aerodynamic studies of the both airships and their interactions are analyzed. The objective of these studies is to understand the aerodynamic behavior of all the preselected configurations, as an important element in the overall MAAT system design. The most of these configurations are only simulated by CFD, while the most feasible one is experimentally analyzed in order to validate and thrust the CFD predictions. This paper presents the numerical and experimental investigation of the Feeder “conical like" shape configuration. The experiments are focused on the aerodynamic force coefficients and the pressure distribution over the Feeder outer surface, while the numerical simulation cover also the analysis of the velocity and pressure distribution. Finally, the wind tunnel experiment is compared with its CFD model in order to validate such specific simulations with respective experiments and to better understand the difference between the wind tunnel and in-flight circumstances.
Abstract: A time-domain numerical model within the
framework of transmission line modeling (TLM) is developed to
simulate electromagnetic pulse propagation inside multiple
microcavities forming photonic crystal (PhC) structures. The model
developed is quite general and is capable of simulating complex
electromagnetic problems accurately. The field quantities can be
mapped onto a passive electrical circuit equivalent what ensures that
TLM is provably stable and conservative at a local level.
Furthermore, the circuit representation allows a high level of
hybridization of TLM with other techniques and lumped circuit
models of components and devices. A photonic crystal structure
formed by rods (or blocks) of high-permittivity dieletric material
embedded in a low-dielectric background medium is simulated as an
example. The model developed gives vital spatio-temporal
information about the signal, and also gives spectral information over
a wide frequency range in a single run. The model has wide
applications in microwave communication systems, optical
waveguides and electromagnetic materials simulations.