Abstract: Financial innovations can be regarded as the cause
and the effect of the evolution of the financial system. Most of
financial innovations are created by various financial institutions for
their own purposes and needs. However, due to their diversity,
financial innovations can be also applied by various business entities
(other than financial institutions).
This paper focuses on the potential application of financial
innovations by non-financial companies. It is assumed that financial
innovations may be effectively applied in all fields of corporate
financial decisions integrating financial management with the risk
management process. Appropriate application of financial
innovations may enhance the development of the company and
increase its value by improving its financial situation and reducing
the level of risk. On the other hand, misused financial innovations
may become the source of extra risk for the company threatening its
further operation.
The main objective of the paper is to identify the major types of
financial innovations offered to non-financial companies by the
banking system in Poland. It also aims at identifying the main factors
determining the creation of financial innovations in the banking
system in Poland and indicating future directions of their
development.
This paper consists of conceptual and empirical part. Conceptual
part based on theoretical study is focused on the determinants of the
process of financial innovations and their application by the nonfinancial
companies. Theoretical study is followed by the empirical
research based on the analysis of the actual offer of the 20 biggest
banks operating in Poland with regard to financial innovations
offered to SMEs and large corporations. These innovations are
classified according to the main functions of the integrated financial
management, such as financing, investment, working capital
management and risk management.
Empirical study has proved that the biggest banks operating in the
Polish market offer to their business customers many types and
classes of financial innovations. This offer appears vast and adequate
to the needs and purposes of the Polish non-financial companies. It
was observed that financial innovations pertained to financing
decisions dominate in the banks’ offer. However, due to high
diversification of the offered financial innovations, business
customers may effectively apply them in all fields and areas of
integrated financial management. It should be underlined, that the
banks’ offer is highly dispersed, which may limit the implementation
of financial innovations in the corporate finance. It would be also
recommended for the banks operating in the Polish market to
intensify the education campaign aiming at increasing knowledge
about financial innovations among business customers.
Abstract: Sewer deposits have been identified as a major cause
of dysfunctions in combined sewer systems regarding sewer
management, which induces different negative consequents resulting
in poor hydraulic conveyance, environmental damages as well as
worker’s health. In order to overcome the problematics of
sedimentation, flushing has been considered as the most operative
and cost-effective way to minimize the sediments impacts and
prevent such challenges. Flushing, by prompting turbulent wave
effects, can modify the bed form depending on the hydraulic
properties and geometrical characteristics of the conduit. So far, the
dynamics of the bed-load during high-flow events in combined sewer
systems as a complex environment is not well understood, mostly due
to lack of measuring devices capable to work in the “hostile” in
combined sewer system correctly. In this regards, a one-episode
flushing issue from an opening gate valve with weir function was
carried out in a trunk sewer in Paris to understand its cleansing
efficiency on the sediments (thickness: 0-30 cm). During more than
1h of flushing within 5 m distance in downstream of this flushing
device, a maximum flowrate and a maximum level of water have
been recorded at 5 m in downstream of the gate as 4.1 m3/s and 2.1
m respectively. This paper is aimed to evaluate the efficiency of this
type of gate for around 1.1 km (from the point -50 m to +1050 m in
downstream from the gate) by (i) determining bed grain-size
distribution and sediments evolution through the sewer channel, as
well as their organic matter content, and (ii) identifying sections that
exhibit more changes in their texture after the flush. For the first one,
two series of sampling were taken from the sewer length and then
analyzed in laboratory, one before flushing and second after, at same
points among the sewer channel. Hence, a non-intrusive sampling
instrument has undertaken to extract the sediments smaller than the
fine gravels. The comparison between sediments texture after the
flush operation and the initial state, revealed the most modified zones
by the flush effect, regarding the sewer invert slope and hydraulic
parameters in the zone up to 400 m from the gate. At this distance,
despite the increase of sediment grain-size rages, D50 (median grainsize)
varies between 0.6 mm and 1.1 mm compared to 0.8 mm and 10
mm before and after flushing, respectively. Overall, regarding the
sewer channel invert slope, results indicate that grains smaller than
sands (< 2 mm) are more transported to downstream along about 400
m from the gate: in average 69% before against 38% after the flush
with more dispersion of grain-sizes distributions. Furthermore, high
effect of the channel bed irregularities on the bed material evolution
has been observed after the flush.
Abstract: Standard Gibbs energy of formation ΔGfor(298.15) of
lanthanide-iron double oxides of garnet-type crystal structure
R3Fe5O12 - RIG (R – are rare earth ions) from initial oxides are
evaluated. The calculation is based on the data of standard entropies
S298.15 and standard enthalpies ΔH298.15 of formation of compounds
which are involved in the process of garnets synthesis. Gibbs energy
of formation is presented as temperature function ΔGfor(T) for the
range 300-1600K. The necessary starting thermodynamic data were
obtained from calorimetric study of heat capacity – temperature
functions and by using the semi-empirical method for calculation of
ΔH298.15 of formation. Thermodynamic functions for standard
temperature – enthalpy, entropy and Gibbs energy - are
recommended as reference data for technological evaluations.
Through the structural series of rare earth-iron garnets the correlation
between thermodynamic properties and characteristics of lanthanide
ions are elucidated.
Abstract: Singular value decomposition based optimisation of
geometric design parameters of a 5-speed gearbox is studied. During
the optimisation, a four-degree-of freedom torsional vibration model
of the pinion gear-wheel gear system is obtained and the minimum
singular value of the transfer matrix is considered as the objective
functions. The computational cost of the associated singular value
problems is quite low for the objective function, because it is only
necessary to compute the largest and smallest singular values (μmax
and μmin) that can be achieved by using selective eigenvalue solvers;
the other singular values are not needed. The design parameters are
optimised under several constraints that include bending stress,
contact stress and constant distance between gear centres. Thus, by
optimising the geometric parameters of the gearbox such as, the
module, number of teeth and face width it is possible to obtain a
light-weight-gearbox structure. It is concluded that the all optimised
geometric design parameters also satisfy all constraints.
Abstract: Psychopathic disorders are taking an important part in
judge sentencing, especially in Canada. First, we will see how this
phenomenon can be illustrated by the high proportion of psychopath
offenders incarcerated in North American prisons. Many decisions in
Canadians courtrooms seem to point out that psychopathy is often
used as a strong argument by the judges to preserve public safety.
The fact that psychopathy is often associated with violence,
recklessness and recidivism, could explain why many judges consider
psychopathic disorders as an aggravating factor. Generally, the judge
reasoning is based on Article 753 of Canadian Criminal Code related
to dangerous offenders, which is used for individuals who show a
pattern of repetitive and persistent aggressive behaviour. Then we
will show how, with cognitive neurosciences, the psychopath’s
situation in courtrooms would probably change. Cerebral imaging
and news data provided by the neurosciences show that emotional
and volitional functions in psychopath’s brains are impaired.
Understanding these new issues could enable some judges to
recognize psychopathic disorders as a mitigating factor. Finally, two
important questions ought to be raised in this article: can exploring
psychopaths ‘brains really change the judge sentencing in Canadian
courtrooms? If yes, can judges consider psychopathy more as a
mitigating factor than an aggravating factor?
Abstract: Artificial neural networks have gained a lot of interest
as empirical models for their powerful representational capacity,
multi input and output mapping characteristics. In fact, most feedforward
networks with nonlinear nodal functions have been proved to
be universal approximates. In this paper, we propose a new
supervised method for color image classification based on selforganizing
feature maps (SOFM). This algorithm is based on
competitive learning. The method partitions the input space using
self-organizing feature maps to introduce the concept of local
neighborhoods. Our image classification system entered into RGB
image. Experiments with simulated data showed that separability of
classes increased when increasing training time. In additional, the
result shows proposed algorithms are effective for color image
classification.
Abstract: One of the functions of the commercial heavy vehicle
is to safely and efficiently transport goods and people. Due to its size
and carrying capacity, it is important to study the vehicle dynamic
stability during cornering. Study has shown that there are a number of
overloaded heavy vehicles or permissible Gross Vehicle Weight
(GVW) violations recorded at selected areas in Malaysia assigned by
its type and category. Thus, the objective of this study is to
investigate the correlation and effect of the GVW on heavy vehicle
stability during cornering event using simulation. Various selected
heavy vehicle types and category are simulated using IPG/Truck
Maker® with different GVW and road condition (coefficient of
friction of road surface), while the speed, driver characteristic, center
of gravity of load and road geometry are constant. Based on the
analysis, the relationship between GVW and lateral acceleration were
established. As expected, on the same value of coefficient of friction,
the maximum lateral acceleration would be increased as the GVW
increases.
Abstract: To solve these problems, we investigated the management system of heating enterprise, including strategic planning based on the balanced scorecard (BSC), quality management in accordance with the standards of the Quality Management System (QMS) ISO 9001 and analysis of the system based on expert judgment using fuzzy inference. To carry out our work we used the theory of fuzzy sets, the QMS in accordance with ISO 9001, BSC, method of construction of business processes according to the notation IDEF0, theory of modeling using Matlab software simulation tools and graphical programming LabVIEW. The results of the work are as follows: We determined possibilities of improving the management of heat-supply plant-based on QMS; after the justification and adaptation of software tool it has been used to automate a series of functions for the management and reduction of resources and for the maintenance of the system up to date; an application for the analysis of the QMS based on fuzzy inference has been created with novel organization of communication software with the application enabling the analysis of relevant data of enterprise management system.
Abstract: We present a refined multiscale Shannon entropy for
analyzing electroencephalogram (EEG), which reflects the underlying
dynamics of EEG over multiple scales. The rationale behind
this method is that neurological signals such as EEG possess
distinct dynamics over different spectral modes. To deal with the
nonlinear and nonstationary nature of EEG, the recently developed
empirical mode decomposition (EMD) is incorporated, allowing a
decomposition of EEG into its inherent spectral components, referred
to as intrinsic mode functions (IMFs). By calculating the Shannon
entropy of IMFs in a time-dependent manner and summing them over
adaptive multiple scales, it results in an adaptive subscale entropy
measure of EEG. Simulation and experimental results show that
the proposed entropy properly reveals the dynamical changes over
multiple scales.
Abstract: Kidney cancer is the most lethal urological cancer
accounting for 3% of adult malignancies. VHL, a tumor-suppressor
gene, is best known to be associated with renal cell carcinoma
(RCC). The VHL functions as negative regulator of hypoxia inducible
factors. Recent sequencing efforts have identified several novel
frequent mutations of histone modifying and chromatin remodeling
genes in ccRCC (clear cell RCC) including PBRM1 and SETD2. The
PBRM1 gene encodes the BAF180 protein, which involved in
transcriptional activation and repression of selected genes. SETD2
encodes a histone methyltransferase, which may play a role in
suppressing tumor development. In this study, RNAs of 30 paired
tumor and normal samples that were grouped according to the types
of kidney cancer and clinical characteristics of patients, including
gender and average age were examined by RT-PCR, SSCP and
sequencing techniques. VHL, PBRM1 and SETD2 expressions were
relatively down-regulated. However, statistically no significance was
found (Wilcoxon signed rank test, p>0.05). Interestingly, no mutation
was observed on the contrary of previous studies. Understanding the
molecular mechanisms involved in the pathogenesis of RCC has
aided the development of molecular-targeted drugs for kidney cancer.
Further analysis is required to identify the responsible genes rather
than VHL, PBRM1 and SETD2 in kidney cancer.
Abstract: Microscopic simulation tool kits allow for
consideration of the two processes of railway operations and the
previous timetable production. Block occupation conflicts on both
process levels are often solved by using defined train priorities. These
conflict resolutions (dispatching decisions) generate reactionary
delays to the involved trains. The sum of reactionary delays is
commonly used to evaluate the quality of railway operations, which
describes the timetable robustness. It is either compared to an
acceptable train performance or the delays are appraised
economically by linear monetary functions. It is impossible to
adequately evaluate dispatching decisions without a well-founded
objective function. This paper presents a new approach for the
evaluation of dispatching decisions. The approach uses mode choice
models and considers the behaviour of the end-customers. These
models evaluate the reactionary delays in more detail and consider
other competing modes of transport. The new approach pursues the
coupling of a microscopic model of railway operations with the
macroscopic choice mode model. At first, it will be implemented for
railway operations process but it can also be used for timetable
production. The evaluation considers the possibility for the customer
to interchange to other transport modes. The new approach starts to
look at rail and road, but it can also be extended to air travel. The
result of mode choice models is the modal split. The reactions by the
end-customers have an impact on the revenue of the train operating
companies. Different purposes of travel have different payment
reserves and tolerances towards late running. Aside from changes to
revenues, longer journey times can also generate additional costs.
The costs are either time- or track-specific and arise from required
changes to rolling stock or train crew cycles. Only the variable values
are summarised in the contribution margin, which is the base for the
monetary evaluation of delays. The contribution margin is calculated
for different possible solutions to the same conflict. The conflict
resolution is optimised until the monetary loss becomes minimal. The
iterative process therefore determines an optimum conflict resolution
by monitoring the change to the contribution margin. Furthermore, a
monetary value of each dispatching decision can also be derived.
Abstract: Heat transfer of leaves is a crucial factor in optimal
operation of metabolic functions in plants. In order to quantify this
phenomenon in different leaves and investigate the influence of leaf
shape on heat transfer, natural convection for pine, orange and olive
leaves was simulated as representatives of different groups of leaf
shapes. CFD techniques were used in this simulation with the
purpose to calculate heat transfer of leaves in similar environmental
conditions. The problem was simulated for steady state and threedimensional
conditions. From obtained results, it was concluded that
heat fluxes of all three different leaves are almost identical, however,
total rate of heat transfer have highest and lowest values for orange
leaves, and pine leaves, respectively.
Abstract: Design concepts of real-time embedded system can be
realized initially by introducing novel design approaches. In this
literature, model based design approach and in-the-loop testing were
employed early in the conceptual and preliminary phase to formulate
design requirements and perform quick real-time verification. The
design and analysis methodology includes simulation analysis, model
based testing, and in-the-loop testing. The design of conceptual driveby-
wire, or DBW, algorithm for electronic control unit, or ECU, was
presented to demonstrate the conceptual design process, analysis, and
functionality evaluation. The concepts of DBW ECU function can be
implemented in the vehicle system to improve electric vehicle, or EV,
conversion drivability. However, within a new development process,
conceptual ECU functions and parameters are needed to be evaluated.
As a result, the testing system was employed to support conceptual
DBW ECU functions evaluation. For the current setup, the system
components were consisted of actual DBW ECU hardware, electric
vehicle models, and control area network or CAN protocol. The
vehicle models and CAN bus interface were both implemented as
real-time applications where ECU and CAN protocol functionality
were verified according to the design requirements. The proposed
system could potentially benefit in performing rapid real-time
analysis of design parameters for conceptual system or software
algorithm development.
Abstract: We evaluate the performance of a numerical method
for global optimization of expensive functions. The method is using a
response surface to guide the search for the global optimum. This
metamodel could be based on radial basis functions, kriging, or a
combination of different models. We discuss how to set the cyclic
parameters of the optimization method to get a balance between local
and global search. We also discuss the eventual problem with Runge
oscillations in the response surface.
Abstract: The coaxial transformer-coupled push-pull circuitry
has been used widely in HF and VHF amplifiers for many decades
without significant changes in the topology of the transformers. Basic
changes over the years concerned the construction and turns ratio of
the transformers as has been imposed upon the newer technologies
active devices demands. The balun transmission line transformers
applied in push-pull amplifiers enable input/output impedance
transformation, but are mainly used to convert the balanced output
into unbalanced and the input unbalanced into balanced. A simple
and affordable alternative solution over the traditional coaxial
transformer is the coreless planar balun. A key advantage over the
traditional approach lies in the high specifications repeatability;
simplifying the amplifier construction requirements as the planar
balun constitutes an integrated part of the PCB copper layout. This
paper presents the performance analysis of a planar LDMOS
MRFE6VP5600 Push-Pull amplifier that enables robust operation in
Band III, DVB-T, DVB-T2 standards but functions equally well in
Band II, for DRM+ new generation transmitters.
Abstract: Theory of Mind (ToM) refers to the ability to infer
another’s mental state. With appropriate ToM, one can behave well in
social interactions. A growing body of evidence has demonstrated that
patients with temporal lobe epilepsy (TLE) may damage ToM by
affecting on regions of the underlying neural network of ToM.
However, the question of whether there is cerebral laterality for ToM
functions remains open. This study aimed to examine whether there is
cerebral lateralization for ToM abilities in TLE patients. Sixty-seven
adult TLE patients and 30 matched healthy controls (HC) were
recruited. Patients were classified into right (RTLE), left (LTLE), and
bilateral (BTLE) TLE groups on the basis of a consensus panel review
of their seizure semiology, EEG findings, and brain imaging results.
All participants completed an intellectual test and four tasks measuring
basic and advanced ToM. The results showed that, on all ToM tasks,
(1) each patient group performed worse than HC; (2) there were no
significant differences between LTLE and RTLE groups; and (3) the
BTLE group performed the worst. It appears that the neural network
responsible for ToM is distributed evenly between the cerebral
hemispheres.
Abstract: Organizational tendencies towards computer-based
information processing have been observed noticeably in the
third-world countries. Many enterprises are taking major initiatives
towards computerized working environment because of massive
benefits of computer-based information processing. However,
designing and developing information resource management software
for small and mid-size enterprises under budget costs and strict
deadline is always challenging for software engineers. Therefore, we
introduced an approach to design mid-size enterprise software by
using the Waterfall model, which is one of the SDLC (Software
Development Life Cycles), in a cost effective way. To fulfill research
objectives, in this study, we developed mid-sized enterprise software
named “BSK Management System” that assists enterprise software
clients with information resource management and perform complex
organizational tasks. Waterfall model phases have been applied to
ensure that all functions, user requirements, strategic goals, and
objectives are met. In addition, Rich Picture, Structured English, and
Data Dictionary have been implemented and investigated properly in
engineering manner. Furthermore, an assessment survey with 20
participants has been conducted to investigate the usability and
performance of the proposed software. The survey results indicated
that our system featured simple interfaces, easy operation and
maintenance, quick processing, and reliable and accurate transactions.
Abstract: One of the crucial parameters of digital cryptographic
systems is the selection of the keys used and their distribution. The
randomness of the keys has a strong impact on the system’s security
strength being difficult to be predicted, guessed, reproduced, or
discovered by a cryptanalyst. Therefore, adequate key randomness
generation is still sought for the benefit of stronger cryptosystems.
This paper suggests an algorithm designed to generate and test
pseudo random number sequences intended for cryptographic
applications. This algorithm is based on mathematically manipulating
a publically agreed upon information between sender and receiver
over a public channel. This information is used as a seed for
performing some mathematical functions in order to generate a
sequence of pseudorandom numbers that will be used for
encryption/decryption purposes. This manipulation involves
permutations and substitutions that fulfill Shannon’s principle of
“confusion and diffusion”. ASCII code characters were utilized in the
generation process instead of using bit strings initially, which adds
more flexibility in testing different seed values. Finally, the obtained
results would indicate sound difficulty of guessing keys by attackers.
Abstract: The article deals with the tool in Matlab GUI form
that is designed to analyse a mechatronic system sensitivity and
tolerance. In the analysed mechatronic system, a torque is transferred
from the drive to the load through a coupling containing flexible
elements. Different methods of control system design are used. The
classic form of the feedback control is proposed using Naslin method,
modulus optimum criterion and inverse dynamics method. The
cascade form of the control is proposed based on combination of
modulus optimum criterion and symmetric optimum criterion. The
sensitivity is analysed on the basis of absolute and relative sensitivity
of system function to the change of chosen parameter value of the
mechatronic system, as well as the control subsystem. The tolerance
is analysed in the form of determining the range of allowed relative
changes of selected system parameters in the field of system stability.
The tool allows to analyse an influence of torsion stiffness, torsion
damping, inertia moments of the motor and the load and controller(s)
parameters. The sensitivity and tolerance are monitored in terms of
the impact of parameter change on the response in the form of system
step response and system frequency-response logarithmic
characteristics. The Symbolic Math Toolbox for expression of the
final shape of analysed system functions was used. The sensitivity
and tolerance are graphically represented as 2D graph of sensitivity
or tolerance of the system function and 3D/2D static/interactive graph
of step/frequency response.
Abstract: This work proposes a data-driven multiscale based
quantitative measures to reveal the underlying complexity of
electroencephalogram (EEG), applying to a rodent model of
hypoxic-ischemic brain injury and recovery. Motivated by that real
EEG recording is nonlinear and non-stationary over different
frequencies or scales, there is a need of more suitable approach over
the conventional single scale based tools for analyzing the EEG data.
Here, we present a new framework of complexity measures
considering changing dynamics over multiple oscillatory scales. The
proposed multiscale complexity is obtained by calculating entropies of
the probability distributions of the intrinsic mode functions extracted
by the empirical mode decomposition (EMD) of EEG. To quantify
EEG recording of a rat model of hypoxic-ischemic brain injury
following cardiac arrest, the multiscale version of Tsallis entropy is
examined. To validate the proposed complexity measure, actual EEG
recordings from rats (n=9) experiencing 7 min cardiac arrest followed
by resuscitation were analyzed. Experimental results demonstrate that
the use of the multiscale Tsallis entropy leads to better discrimination
of the injury levels and improved correlations with the neurological
deficit evaluation after 72 hours after cardiac arrest, thus suggesting an
effective metric as a prognostic tool.