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: In this paper, we propose an algorithm to compute
initial cluster centers for K-means clustering. Data in a cell is
partitioned using a cutting plane that divides cell in two smaller cells.
The plane is perpendicular to the data axis with the highest variance
and is designed to reduce the sum squared errors of the two cells as
much as possible, while at the same time keep the two cells far apart
as possible. Cells are partitioned one at a time until the number of
cells equals to the predefined number of clusters, K. The centers of
the K cells become the initial cluster centers for K-means. The
experimental results suggest that the proposed algorithm is effective,
converge to better clustering results than those of the random
initialization method. The research also indicated the proposed
algorithm would greatly improve the likelihood of every cluster
containing some data in it.
Abstract: Using data of listed Croatian firms from the Zagreb
Stock Exchange we analyze the relationship between firm ownership
(ownership concentration and type) and performance (ROA).
Empirical research was conducted for the period 2003-2010, yielding
with the total of 1,430 observations. Empirical findings based on
dynamic panel analysis indicate that ownership concentration
variable - CR4 is negatively related with performance, i.e. listed firms
with dispersed ownership perform better than firms with concentrated
ownership. Also, the research indicated that foreign controlled listed
firms perform better than domestically controlled firms. Majority
state owned firms perform worse than privately held firms but
dummy variable for privately controlled firms was not statistically
significant in the estimated panel model.
Abstract: This paper proposes a “soft systems" approach to
domain-driven design of computer-based information systems. We
propose a systemic framework combining techniques from Soft
Systems Methodology (SSM), the Unified Modelling Language
(UML), and an implementation pattern known as “Naked Objects".
We have used this framework in action research projects that have
involved the investigation and modelling of business processes using
object-oriented domain models and the implementation of software
systems based on those domain models. Within the proposed
framework, Soft Systems Methodology (SSM) is used as a guiding
methodology to explore the problem situation and to generate a
ubiquitous language (soft language) which can be used as the basis
for developing an object-oriented domain model. The domain model
is further developed using techniques based on the UML and is
implemented in software following the “Naked Objects"
implementation pattern. We argue that there are advantages from
combining and using techniques from different methodologies in this
way.
The proposed systemic framework is overviewed and justified as
multimethodologyusing Mingers multimethodology ideas.
This multimethodology approach is being evaluated through a
series of action research projects based on real-world case studies. A
Peer-Tutoring case study is presented here as a sample of the
framework evaluation process
Abstract: Lycopene, which can be extracted from plants and is
very popular for fruit intake, is restricted for healthy food development
due to its high price. On the other hand, it will get great safety
concerns, especially in the food or cosmetic application, if the raw
material of lycopene is produced by chemical synthesis. In this
project, we provide a key technology to bridge the limitation as
mentioned above. Based on the abundant bioresources of BCRC
(Bioresource Collection and Research Center, Taiwan), a promising
lycopene output will be anticipated by the introduction of fermentation
technology along with industry-related core energy. Our results
showed that addition of tween 80(0.2%) and span 20 produced higher
amount of lycopene. And piperidine, when was added at 48hr to the
cultivation medium, could promote lycopene excretion effectively
also.
Abstract: Whereas cellular wireless communication systems are
subject to short-and long-term fading. The effect of wireless channel
has largely been ignored in most of the teletraffic assessment
researches. In this paper, a mathematical teletraffic model is proposed
to estimate blocking and forced termination probabilities of cellular
wireless networks as a result of teletraffic behavior as well as the
outage of the propagation channel. To evaluate the proposed
teletraffic model, gamma inter-arrival and general service time
distributions have been considered based on wireless channel fading
effect. The performance is evaluated and compared with the classical
model. The proposed model is dedicated and investigated in different
operational conditions. These conditions will consider not only the
arrival rate process, but also, the different faded channels models.
Abstract: In this paper, position vector of a partially null unit speed curve with respect to standard frame of Minkowski space-time is studied. First, it is proven that position vector of every partially null unit speed curve satisfies a vector differential equation of fourth order. In terms of solution of the differential equation, position vector of a partially null unit speed curve is expressed.
Abstract: The research study evaluated the performance of
irrigation system by using special scientific tools like Remote
Sensing and GIS technology, so that proper measurements could be
taken for the sustainable agriculture and water management.
Different performance evaluation parameters had been calculated for
the purposed data was gathered from field investigation and different
government and private organizations. According to the calculations,
organic matter ranges from 0.19% (low value) to 0.76% (high value).
In flat irrigation system for wheat yield ranges from 3347.16 to
5260.39 kg/ha, while the total water applied to wheat crop ranges
from 252.94 to 279.19 mm and WUE ranges from 13.07 to 18.37
kg/ha/mm. For rice yield ranges from 3347.47 to 5433.07 kg/ha with
total water supplied to rice crop ranges from 764.71 to 978.15 mm
and WUE ranges from 3.49 to 5.71 kg/ha/mm. Similarly, in raised
bed system wheat yield ranges from 4569.13 to 6008.60 kg/ha, total
water supplied ranges from 158.87 to 185.09 mm and WUE ranges
from 27.20 to 33.54 kg/ha/mm while in rice crop, yield ranges from
5285.04 to 6716.69 kg/ha, total water supplied ranges from 600.72 to
755.06 mm and WUE ranges from 6.41 to 10.05 kg/ha/mm. Almost
51.3% water saving is observed in bed irrigation system as compared
to flat system. Less water supplied to beds is more affective as its
WUE value is higher than flat system where more water is supplied
in both the seasons. Similarly, RWS values show that maximum
water deficit while minimum area is getting adequate water supply.
Greater yield is recorded in bed system as plant per square meter is
more in bed system in comparison of flat system Thus, the integration
of GIS tools to regularly compute performance indices could provide
irrigation managers with the means for managing efficiently the
irrigation system.
Abstract: This paper presents a complete procedure for tool path
planning and blade machining in 5-axis manufacturing. The actual
cutting contact and cutter locations can be determined by lead and tilt
angles. The tool path generation is implemented by piecewise curved
approximation and chordal deviation detection. An application about
drive surface method promotes flexibility of tool control and stability
of machine motion. A real manufacturing process is proposed to
separate the operation into three regions with five stages and to modify
the local tool orientation with an interactive algorithm.
Abstract: Generally speaking, the mobile robot is capable of
sensing its surrounding environment, interpreting the sensed
information to obtain the knowledge of its location and the
environment, planning a real-time trajectory to reach the object. In
this process, the issue of obstacle avoidance is a fundamental topic to
be challenged. Thus, an adaptive path-planning control scheme is
designed without detailed environmental information, large memory
size and heavy computation burden in this study for the obstacle
avoidance of a mobile robot. In this scheme, the robot can gradually
approach its object according to the motion tracking mode, obstacle
avoidance mode, self-rotation mode, and robot state selection. The
effectiveness of the proposed adaptive path-planning control scheme
is verified by numerical simulations of a differential-driving mobile
robot under the possible occurrence of obstacle shapes.
Abstract: The purpose of this article is to identify the practical strategies of R&D (research and development) entities for developing converging technology in organizational context. Based on the multi-assignation technological domains of patents derived from entire government-supported R&D projects for 13 years, we find that technology convergence is likely to occur when a university solely develops technology or when university develops technology as one of the collaborators. These results reflect the important role of universities in developing converging technology
Abstract: Maintenance costs incurred on building differs. The
difference can be as results of the types, functions, age, building
health index, size, form height, location and complexity of the
building. These are contributing to the difficulty in maintenance
development of deterministic maintenance cost model. This paper is
concerns with reporting the preliminary findings on the creation of
building maintenance cost distributions for universities in Malaysia.
This study is triggered by the need to provide guides on maintenance
costs distributions for decision making. For this purpose, a survey
questionnaire was conducted to investigate the distribution of
maintenance costs in the universities. Altogether, responses were
received from twenty universities comprising both private and
publicly owned. The research found that engineering services,
roofing and finishes were the elements contributing the larger
segment of the maintenance costs. Furthermore, the study indicates
the significance of maintenance cost distribution as decision making
tool towards maintenance management.
Abstract: This research deals with a flexible flowshop
scheduling problem with arrival and delivery of jobs in groups and
processing them individually. Due to the special characteristics of
each job, only a subset of machines in each stage is eligible to
process that job. The objective function deals with minimization of
sum of the completion time of groups on one hand and minimization
of sum of the differences between completion time of jobs and
delivery time of the group containing that job (waiting period) on the
other hand. The problem can be stated as FFc / rj , Mj / irreg which
has many applications in production and service industries. A
mathematical model is proposed, the problem is proved to be NPcomplete,
and an effective heuristic method is presented to schedule
the jobs efficiently. This algorithm can then be used within the body
of any metaheuristic algorithm for solving the problem.
Abstract: Decrease in hardware costs and advances in computer
networking technologies have led to increased interest in the use of
large-scale parallel and distributed computing systems. One of the
biggest issues in such systems is the development of effective
techniques/algorithms for the distribution of the processes/load of a
parallel program on multiple hosts to achieve goal(s) such as
minimizing execution time, minimizing communication delays,
maximizing resource utilization and maximizing throughput.
Substantive research using queuing analysis and assuming job
arrivals following a Poisson pattern, have shown that in a multi-host
system the probability of one of the hosts being idle while other host
has multiple jobs queued up can be very high. Such imbalances in
system load suggest that performance can be improved by either
transferring jobs from the currently heavily loaded hosts to the lightly
loaded ones or distributing load evenly/fairly among the hosts .The
algorithms known as load balancing algorithms, helps to achieve the
above said goal(s). These algorithms come into two basic categories -
static and dynamic. Whereas static load balancing algorithms (SLB)
take decisions regarding assignment of tasks to processors based on
the average estimated values of process execution times and
communication delays at compile time, Dynamic load balancing
algorithms (DLB) are adaptive to changing situations and take
decisions at run time.
The objective of this paper work is to identify qualitative
parameters for the comparison of above said algorithms. In future this
work can be extended to develop an experimental environment to
study these Load balancing algorithms based on comparative
parameters quantitatively.
Abstract: Ultrathin (UTD) and Nanoscale (NSD) SOI-MOSFET devices, sharing a similar W/L but with a channel thickness of 46nm and 1.6nm respectively, were fabricated using a selective “gate recessed” process on the same silicon wafer. The electrical transport characterization at room temperature has shown a large difference between the two kinds of devices and has been interpreted in terms of a huge unexpected series resistance. Electrical characteristics of the Nanoscale device, taken in the linear region, can be analytically derived from the ultrathin device ones. A comparison of the structure and composition of the layers, using advanced techniques such as Focused Ion Beam (FIB) and High Resolution TEM (HRTEM) coupled with Energy Dispersive X-ray Spectroscopy (EDS), contributes an explanation as to the difference of transport between the devices.
Abstract: In this communication an expression for mean
velocity of waste flow via an open channel is proposed which
is an improvement over Manning formula. The discharges,
storages and depths are computed at all locations of the Lyari river
by utilizing proposed expression. The results attained through
proposed expression are in good agreement with the observed data
and better than those acquired using Manning formula.
Abstract: This paper considers the problem of Null-Steering beamforming using Neural Network (NN) approach for antenna array system. Two cases are presented. First, unlike the other authors, the estimated Direction Of Arrivals (DOAs) are used for antenna array weights NN-based determination and the imprecise DOAs estimations are taken into account. Second, the blind null-steering beamforming is presented. In this case the antenna array outputs are presented at the input of the NN without DOAs estimation. The results of computer simulations will show much better relative mean error performances of the first NN approach compared to the NNbased blind beamforming.
Abstract: Science and technology of ultrasonic is widely used in
recent years for industrial and medicinal application. The acoustical
properties of 2-mercapto substituted pyrimidines viz.,2- Mercapto-4-
(2’,4’ –dichloro phenyl) – 6-(2’ – hydroxyl -4’ –methyl-5’ –
chlorophenyl) pyrimidine and 2 –Mercapto – 4-(4’ –chloro phenyl) –
6-(2’ – hydroxyl -4’ –methyl-5’ –chlorophenyl) pyrimidine have been
investigated from the ultrasonic velocity and density measurements at
different concentration and different % in dioxane-water mixture at
305K. The adiabatic compressibility (βs), acoustic impedance (Z),
intermolecular free length (Lf), apparent molar volume(ϕv) and
relative association (RA) values have been calculated from the
experimental data of velocity and density measurement at
concentration range of 0.01- 0.000625 mol/lit and 70%,75% and 80%
dioxane water mixture. These above parameters are used to discuss
the structural and molecular interactions.
Abstract: We propose a formal framework for the specification of
the behavior of a system of agents, as well as those of the constituting
agents. This framework allows us to model each agent-s effectoric
capability including its interactions with the other agents. We also
provide an algorithm based on Milner-s "observation equivalence" to
derive an agent-s perception of its task domain situations from its
effectoric capability, and use "system computations" to model the
coordinated efforts of the agents in the system . Formal definitions
of the concept of "behavior equivalence" of two agents and that of
system computations equivalence for an agent are also provided.
Abstract: Infrared communication in the wavelength band 780-
950 nm is very suitable for short-range point-to-point communications.
It is a good choice for vehicle-to-vehicle communication in several
intelligent-transportation-system (ITS) applications such as cooperative
driving, collision warning, and pileup-crash prevention. In this
paper, with the aid of a physical model established in our previous
works, we explore the communication area of an infrared intervehicle
communication system utilizing a typical low-cost cormmercial lightemitting
diodes (LEDs) as the emitter and planar p-i-n photodiodes
as the receiver. The radiation pattern of the emitter fabricated by
aforementioned LEDs and the receiving pattern of the receiver are
approximated by a linear combination of cosinen functions. This
approximation helps us analyze the system performance easily. Both
multilane straight-road conditions and curved-road conditions with
various radius of curvature are taken into account. The condition of
a small car communicating with a big truck, i.e., there is a vertical
mounting height difference between the emitter and the receiver, is
also considered. Our results show that the performance of the system
meets the requirement of aforementioned ITS applications in terms
of the communication area.