Abstract: Capital structure is one of the most important financial
decisions in corporate financing strategy. It involves the choice of
debt and equity level in financing a company-s operations. This study
aims to investigate whether the capital structure choice of Malaysian
electrical and electronic manufacturing companies that are listed in
the Bursa Malaysia can be explained by factors that have been found
by most studies as dominant determinants of capital structure
(company size, profitability, asset tangibility, liquidity and growth).
Using debt ratio as the proxy for capital structure and applying
pooled ordinary least square multiple regression estimation, the
results showed that on average, Malaysian electrical and electronic
manufacturing companies used less debt in funding their business
operations. The findings also showed that size and asset tangibility
has a significant positive relationship with debt level, while liquidity
has a negative significant relationship with leverage.
Abstract: This paper intends to identify the ethnic Kazakhstani
Koreans- political process of identity formation by exploring their
narrative and practice about the state language represented in the
course of their becoming the new citizens of a new independent state.
The Russophone Kazakhstani Koreans- inability to speak the official
language of their affiliated state is considered there as dissatisfying the
basic requirement of citizens of the independent state, so that they are
becoming marginalized from the public sphere. Their contradictory
attitude that at once demonstrates nominal reception and practical
rejection of the obligatory state language unveils a high barrier inside
between their self-language and other-language. In this paper, the
ethnic Korean group-s conflicting linguistic identity is not seen as a
free and simple choice, but as a dynamic struggle and political process
in which the subject-s past experiences and memories intersect with
the external elements of pressure.
Abstract: Female breast cancer is the second in frequency after cervical cancer. Surgery is the most common treatment for breast cancer, followed by chemotherapy as a treatment of choice. Although effective, it causes serious side effects. Controlled-release drug delivery is an alternative method to improve the efficacy and safety of the treatment. It can release the dosage of drug between the minimum effect concentration (MEC) and minimum toxic concentration (MTC) within tumor tissue and reduce the damage of normal tissue and the side effect. Because an in vivo experiment of this system can be time-consuming and labor-intensive, a mathematical model is desired to study the effects of important parameters before the experiments are performed. Here, we describe a 3D mathematical model to predict the release of doxorubicin from pluronic gel to treat human breast cancer. This model can, ultimately, be used to effectively design the in vivo experiments.
Abstract: This is a cross-cultural study that determines South
African multinational enterprises (MNEs) entry strategies as they
invest in Africa. An integrated theoretical framework comprising the
transaction cost theory, Uppsala model, eclectic paradigm and the
distance framework was adopted. A sample of 40 South African
MNEs with 415 existing FDI entries in Africa was drawn. Using an
ordered logistic regression model, the impact of culture on the choice
of degree of control by South African MNEs in Africa was
determined. Cultural distance was one of significant factors that
influenced South African MNEs- choice of degree of control.
Furthermore, South African MNEs are risk averse in all countries in
Africa but minimize the risks differently across sectors. Service
sectors chooses to own their subsidiaries 100% and avoid dealing
with the locals while manufacturing, resources and construction
choose to have a local partner to share the risk.
Abstract: Travel demand forecasting including four travel choices, i.e., trip generation, trip distribution, modal split and traffic assignment constructs the core of transportation planning. In its current application, travel demand forecasting has associated with three important issues, i.e., interface inconsistencies among four travel choices, inefficiency of commonly used solution algorithms, and undesirable multiple path solutions. In this paper, each of the three issues is extensively elaborated. An ideal unified framework for the combined model consisting of the four travel choices and variable demand functions is also suggested. Then, a few remarks are provided in the end of the paper
Abstract: In this paper a novel scheme for watermarking digital
audio during its compression to MPEG-1 Layer III format is
proposed. For this purpose we slightly modify some of the selected
MDCT coefficients, which are used during MPEG audio
compression procedure. Due to the possibility of modifying different
MDCT coefficients, there will be different choices for embedding the
watermark into audio data, considering robustness and transparency
factors. Our proposed method uses a genetic algorithm to select the
best coefficients to embed the watermark. This genetic selection is
done according to the parameters that are extracted from the
perceptual content of the audio to optimize the robustness and
transparency of the watermark. On the other hand the watermark
security is increased due to the random nature of the genetic
selection. The information of the selected MDCT coefficients that
carry the watermark bits, are saves in a database for future extraction
of the watermark. The proposed method is suitable for online MP3
stores to pursue illegal copies of musical artworks. Experimental
results show that the detection ratio of the watermarks at the bitrate
of 128kbps remains above 90% while the inaudibility of the
watermark is preserved.
Abstract: This study proposes a multi-response surface
optimization problem (MRSOP) for determining the proper choices
of a process parameter design (PPD) decision problem in a noisy
environment of a grease position process in an electronic industry.
The proposed models attempts to maximize dual process responses
on the mean of parts between failure on left and right processes. The
conventional modified simplex method and its hybridization of the
stochastic operator from the hunting search algorithm are applied to
determine the proper levels of controllable design parameters
affecting the quality performances. A numerical example
demonstrates the feasibility of applying the proposed model to the
PPD problem via two iterative methods. Its advantages are also
discussed. Numerical results demonstrate that the hybridization is
superior to the use of the conventional method. In this study, the
mean of parts between failure on left and right lines improve by
39.51%, approximately. All experimental data presented in this
research have been normalized to disguise actual performance
measures as raw data are considered to be confidential.
Abstract: The study was a case study analysis about Thai Asia
Pacific Brewery Company. The purpose was to analyze the
company’s marketing objective, marketing strategy at company level,
and marketing mix before liquor liberalization in 2000. Methods used
in this study were qualitative and descriptive research approach
which demonstrated the following results of the study demonstrated
as follows: (1) Marketing objective was to increase market share of
Heineken and Amtel, (2) the company’s marketing strategies were
brand building strategy and distribution strategy. Additionally, the
company also conducted marketing mix strategy as follows. Product
strategy: The company added more beer brands namely Amstel and
Tiger to provide additional choice to consumers, product and
marketing research, and product development. Price strategy: the
company had taken the following into consideration: cost,
competitor, market, economic situation and tax. Promotion strategy:
the company conducted sales promotion and advertising. Distribution
strategy: the company extended channels its channels of distribution
into food shops, pubs and various entertainment places. This strategy
benefited interested persons and people who were engaged in the beer
business.
Abstract: In this paper discrete choice models, Logit and Probit
are examined in order to predict the economic recession or expansion
periods in USA. Additionally we propose an adaptive neuro-fuzzy
inference system with triangular membership function. We examine
the in-sample period 1947-2005 and we test the models in the out-of
sample period 2006-2009. The forecasting results indicate that the
Adaptive Neuro-fuzzy Inference System (ANFIS) model outperforms
significant the Logit and Probit models in the out-of sample period.
This indicates that neuro-fuzzy model provides a better and more
reliable signal on whether or not a financial crisis will take place.
Abstract: The continuity in the electric supply of the electric installations is becoming one of the main requirements of the electric supply network (generation, transmission, and distribution of the electric energy). The achievement of this requirement depends from one side on the structure of the electric network and on the other side on the avaibility of the reserve source provided to maintain the supply in case of failure of the principal one. The avaibility of supply does not only depends on the reliability parameters of the both sources (principal and reserve) but it also depends on the reliability of the circuit breaker which plays the role of interlocking the reserve source in case of failure of the principal one. In addition, the principal source being under operation, its control can be ideal and sure, however, for the reserve source being in stop, a preventive maintenances which proceed on time intervals (periodicity) and for well defined lengths of time are envisaged, so that this source will always available in case of the principal source failure. The choice of the periodicity of preventive maintenance of the source of reserve influences directly the reliability of the electric feeder system In this work and on the basis of the semi- markovian's processes, the influence of the time of interlocking the reserve source upon the reliability of an industrial electric network is studied and is given the optimal time of interlocking the reserve source in case of failure the principal one, also the influence of the periodicity of the preventive maintenance of the source of reserve is studied and is given the optimal periodicity.
Abstract: Discrete choice model is the most used methodology for studying traveler-s mode choice and demand. However, to calibrate the discrete choice model needs to have plenty of questionnaire survey. In this study, an aggregative model is proposed. The historical data of passenger volumes for high speed rail and domestic civil aviation are employed to calibrate and validate the model. In this study, different models are compared so as to propose the best one. From the results, systematic equations forecast better than single equation do. Models with the external variable, which is oil price, are better than models based on closed system assumption.
Abstract: Fischer-Tropsch synthesis is one of the most
important catalytic reactions that convert the synthetic gas to light
and heavy hydrocarbons. One of the main issues is selecting the type
of reactor. The slurry bubble reactor is suitable choice for Fischer-
Tropsch synthesis because of its good qualification to transfer heat
and mass, high durability of catalyst, low cost maintenance and
repair. The more common catalysts for Fischer-Tropsch synthesis are
Iron-based and Cobalt-based catalysts, the advantage of these
catalysts on each other depends on which type of hydrocarbons we
desire to produce. In this study, Fischer-Tropsch synthesis is modeled
with Iron and Cobalt catalysts in a slurry bubble reactor considering
mass and momentum balance and the hydrodynamic relations effect
on the reactor behavior. Profiles of reactant conversion and reactant
concentration in gas and liquid phases were determined as the
functions of residence time in the reactor. The effects of temperature,
pressure, liquid velocity, reactor diameter, catalyst diameter, gasliquid
and liquid-solid mass transfer coefficients and kinetic
coefficients on the reactant conversion have been studied. With 5%
increase of liquid velocity (with Iron catalyst), H2 conversions
increase about 6% and CO conversion increase about 4%, With 8%
increase of liquid velocity (with Cobalt catalyst), H2 conversions
increase about 26% and CO conversion increase about 4%. With
20% increase of gas-liquid mass transfer coefficient (with Iron
catalyst), H2 conversions increase about 12% and CO conversion
increase about 10% and with Cobalt catalyst H2 conversions increase
about 10% and CO conversion increase about 6%. Results show that
the process is sensitive to gas-liquid mass transfer coefficient and
optimum condition operation occurs in maximum possible liquid
velocity. This velocity must be more than minimum fluidization
velocity and less than terminal velocity in such a way that avoid
catalysts particles from leaving the fluidized bed.
Abstract: This paper presents an interval-based multi-attribute
decision making (MADM) approach in support of the decision
process with imprecise information. The proposed decision
methodology is based on the model of linear additive utility function
but extends the problem formulation with the measure of composite
utility variance. A sample study concerning with the evaluation of
electric generation expansion strategies is provided showing how the
imprecise data may affect the choice toward the best solution and
how a set of alternatives, acceptable to the decision maker (DM),
may be identified with certain confidence.
Abstract: Based on assumptions of neo-classical economics and
rational choice / public choice theory, this paper investigates the
regulation of industrial land use in Taiwan by homeowners
associations (HOAs) as opposed to traditional government
administration. The comparison, which applies the transaction cost
theory and a polynomial regression analysis, manifested that HOAs
are superior to conventional government administration in terms of
transaction costs and overall efficiency. A case study that compares
Taiwan-s commonhold industrial park, NangKang Software Park, to
traditional government counterparts using limited data on the costs
and returns was analyzed. This empirical study on the relative
efficiency of governmental and private institutions justified the
important theoretical proposition. Numerical results prove the
efficiency of the established model.
Abstract: Many exist studies always use Markov decision
processes (MDPs) in modeling optimal route choice in
stochastic, time-varying networks. However, taking many
variable traffic data and transforming them into optimal route
decision is a computational challenge by employing MDPs in
real transportation networks. In this paper we model finite
horizon MDPs using directed hypergraphs. It is shown that the
problem of route choice in stochastic, time-varying networks
can be formulated as a minimum cost hyperpath problem, and
it also can be solved in linear time. We finally demonstrate the
significant computational advantages of the introduced
methods.
Abstract: The one-class support vector machine “support vector
data description” (SVDD) is an ideal approach for anomaly or outlier
detection. However, for the applicability of SVDD in real-world
applications, the ease of use is crucial. The results of SVDD are
massively determined by the choice of the regularisation parameter C
and the kernel parameter of the widely used RBF kernel. While for
two-class SVMs the parameters can be tuned using cross-validation
based on the confusion matrix, for a one-class SVM this is not
possible, because only true positives and false negatives can occur
during training. This paper proposes an approach to find the optimal
set of parameters for SVDD solely based on a training set from
one class and without any user parameterisation. Results on artificial
and real data sets are presented, underpinning the usefulness of the
approach.
Abstract: The new framework the Higher Education is
immersed in involves a complete change in the way lecturers must
teach and students must learn. Whereas the lecturer was the main
character in traditional education, the essential goal now is to
increase the students' participation in the process. Thus, one of the
main tasks of lecturers in this new context is to design activities of
different nature in order to encourage such participation. Seminars
are one of the activities included in this environment. They are active
sessions that enable going in depth into specific topics as support of
other activities. They are characterized by some features such as
favoring interaction between students and lecturers or improving
their communication skills. Hence, planning and organizing strategic
seminars is indeed a great challenge for lecturers with the aim of
acquiring knowledge and abilities. This paper proposes a method
using Artificial Intelligence techniques to obtain student profiles
from their marks and preferences. The goal of building such profiles
is twofold. First, it facilitates the task of splitting the students into
different groups, each group with similar preferences and learning
difficulties. Second, it makes it easy to select adequate topics to be a
candidate for the seminars. The results obtained can be either a
guarantee of what the lecturers could observe during the development
of the course or a clue to reconsider new methodological strategies in
certain topics.
Abstract: A family of improved secant-like method is proposed in this paper. Further, the analysis of the convergence shows that this method has super-linear convergence. Efficiency are demonstrated by numerical experiments when the choice of α is correct.
Abstract: Project managers are the ultimate responsible for the
overall characteristics of a project, i.e. they should deliver the project
on time with minimum cost and with maximum quality. It is vital for
any manager to decide a trade-off between these conflicting
objectives and they will be benefited of any scientific decision
support tool. Our work will try to determine optimal solutions (rather
than a single optimal solution) from which the project manager will
select his desirable choice to run the project. In this paper, the
problem in project scheduling notated as
(1,T|cpm,disc,mu|curve:quality,time,cost) will be studied. The
problem is multi-objective and the purpose is finding the Pareto
optimal front of time, cost and quality of a project
(curve:quality,time,cost), whose activities belong to a start to finish
activity relationship network (cpm) and they can be done in different
possible modes (mu) which are non-continuous or discrete (disc), and
each mode has a different cost, time and quality . The project is
constrained to a non-renewable resource i.e. money (1,T). Because
the problem is NP-Hard, to solve the problem, a meta-heuristic is
developed based on a version of genetic algorithm specially adapted
to solve multi-objective problems namely FastPGA. A sample project
with 30 activities is generated and then solved by the proposed
method.
Abstract: In this paper, many techniques for blind identification of moving average (MA) process are presented. These methods utilize third- and fourth-order cumulants of the noisy observations of the system output. The system is driven by an independent and identically distributed (i.i.d) non-Gaussian sequence that is not observed. Two nonlinear optimization algorithms, namely the Gradient Descent and the Gauss-Newton algorithms are exposed. An algorithm based on the joint-diagonalization of the fourth-order cumulant matrices (FOSI) is also considered, as well as an improved version of the classical C(q, 0, k) algorithm based on the choice of the Best 1-D Slice of fourth-order cumulants. To illustrate the effectiveness of our methods, various simulation examples are presented.