Abstract: Recent evidences on liquidity and valuation of securities in the capital markets clearly show the importance of stock market liquidity and valuation of firms. In this paper, relationship between transparency, liquidity, and valuation is studied by using data obtained from 70 companies listed in Tehran Stock Exchange during2003-2012. In this study, discriminatory earnings management, as a sign of lack of transparency and Tobin's Q, was used as the criteria of valuation. The results indicate that there is a significant and reversed relationship between earnings management and liquidity. On the other hand, there is a relationship between liquidity and transparency.The results also indicate a significant relationship between transparency and valuation. Transparency has an indirect effect on firm valuation alone or through the liquidity channel. Although the effect of transparency on the value of a firm was reduced by adding the variable of liquidity, the cumulative effect of transparency and liquidity increased.
Abstract: The robot is a repeated task plant. The control of such
a plant under parameter variations and load disturbances is one of the
important problems. The aim of this work is to design Geno-Fuzzy
controller suitable for online applications to control single link rigid
robot arm plant. The genetic-fuzzy online controller (indirect
controller) has two genetic-fuzzy blocks, the first as controller, the
second as identifier. The identification method is based on inverse
identification technique. The proposed controller it tested in normal
and load disturbance conditions.
Abstract: Ground-level tropospheric ozone is one of the air
pollutants of most concern. It is mainly produced by photochemical
processes involving nitrogen oxides and volatile organic compounds
in the lower parts of the atmosphere. Ozone levels become
particularly high in regions close to high ozone precursor emissions
and during summer, when stagnant meteorological conditions with
high insolation and high temperatures are common.
In this work, some results of a study about urban ozone
distribution patterns in the city of Badajoz, which is the largest and
most industrialized city in Extremadura region (southwest Spain) are
shown. Fourteen sampling campaigns, at least one per month, were
carried out to measure ambient air ozone concentrations, during
periods that were selected according to favourable conditions to
ozone production, using an automatic portable analyzer.
Later, to evaluate the ozone distribution at the city, the measured
ozone data were analyzed using geostatistical techniques. Thus, first,
during the exploratory analysis of data, it was revealed that they were
distributed normally, which is a desirable property for the subsequent
stages of the geostatistical study. Secondly, during the structural
analysis of data, theoretical spherical models provided the best fit for
all monthly experimental variograms. The parameters of these
variograms (sill, range and nugget) revealed that the maximum
distance of spatial dependence is between 302-790 m and the
variable, air ozone concentration, is not evenly distributed in reduced
distances. Finally, predictive ozone maps were derived for all points
of the experimental study area, by use of geostatistical algorithms
(kriging). High prediction accuracy was obtained in all cases as
cross-validation showed. Useful information for hazard assessment
was also provided when probability maps, based on kriging
interpolation and kriging standard deviation, were produced.
Abstract: This paper proposes an architectural and graphical
user interface (GUI) design of a traditional Thai musical instrument
application for tablet computers for practicing “Ranaad Ek" which is
a trough-resonated keyboard percussion instrument. The application
provides percussion methods for a player as real as a physical
instrument. The application consists of two playing modes. The first
mode is free playing, a player can freely multi touches on wooden bar
to produce instrument sounds. The second mode is practicing mode
that guilds the player to follow percussions and rhythms of practice
songs. The application has achieved requirements and specifications.
Abstract: Internet is largely composed of textual contents and a
huge volume of digital contents gets floated over the Internet daily.
The ease of information sharing and re-production has made it
difficult to preserve author-s copyright. Digital watermarking came
up as a solution for copyright protection of plain text problem after
1993. In this paper, we propose a zero text watermarking algorithm
based on occurrence frequency of non-vowel ASCII characters and
words for copyright protection of plain text. The embedding
algorithm makes use of frequency non-vowel ASCII characters and
words to generate a specialized author key. The extraction algorithm
uses this key to extract watermark, hence identify the original
copyright owner. Experimental results illustrate the effectiveness of
the proposed algorithm on text encountering meaning preserving
attacks performed by five independent attackers.
Abstract: The question of interethnic and interreligious conflicts
in ex-Yugoslavia receives much attention within the framework of
the international context created after 1991 because of the impact of
these conflicts on the security and the stability of the region of
Balkans and of Europe.
This paper focuses on the rationales leading to the declaration of
independence by Kosovo according to ethnic and religious criteria
and analyzes why these same rationales were not applied in Bosnia
and Herzegovina. The approach undertaken aims at comparatively
examining the cases of Kosovo, and Bosnia and Herzegovina. At the
same time, it aims at understanding the political decision making of
the international community in the case of Kosovo. Specifically, was
this a good political decision for the security and the stability of the
region of Balkans, of Europe, or even for global security and
stability?
This research starts with an overview on the European security
framework post 1991, paying particular attention to Kosovo and
Bosnia and Herzegovina. It then presents the theoretical and
methodological framework and compares the representative cases.
Using the constructivism issue and the comparative methodology, it
arrives at the results of the study. An important issue of the paper is
the thesis that this event modifies the principles of international law
and creates dangerous precedents for regional stability in the
Balkans.
Abstract: Expression and secretion of inflammation markers are
disturbed in obesity. Interleukin-6 reduces body fat mass. The
common G-174C polymorphism in the promoter of IL-6 gene has
been reported that effects on transcriptional regulation. The objective
was to investigate association of the common polymorphism G-174C
with obesity in Iranian population. The present study is cross
sectional association study that included 242 individuals (110 men
and 132 women). Serum IL-6 levels, C-reactive protein, fasting
blood glucose and blood lipids profile were measured .BMI and
WHR were calculated. Genotyping is carried out by PCR and RFLP.
The frequencies of G and C allele were 64.5% and 35.5%,
respectively. The G-174C polymorphism was not associated with
BMI and WHR. However in obese individual, fasting blood glucose
was significantly higher in carrier of C allele compared with the noncarrier.
The IL-6 G-174C polymorphism is not a risk factor for
obesity in Iranian population.
Abstract: The objective of this work which is based on the
approach of simultaneous engineering is to contribute to the
development of a CIM tool for the synthesis of functional design
dimensions expressed by average values and tolerance intervals. In
this paper, the dispersions method known as the Δl method which
proved reliable in the simulation of manufacturing dimensions is
used to develop a methodology for the automation of the simulation.
This methodology is constructed around three procedures. The first
procedure executes the verification of the functional requirements by
automatically extracting the functional dimension chains in the
mechanical sub-assembly. Then a second procedure performs an
optimization of the dispersions on the basis of unknown variables.
The third procedure uses the optimized values of the dispersions to
compute the optimized average values and tolerances of the
functional dimensions in the chains. A statistical and cost based
approach is integrated in the methodology in order to take account of
the capabilities of the manufacturing processes and to distribute
optimal values among the individual components of the chains.
Abstract: In this paper, the performance of two adaptive
observers applied to interconnected systems is studied. The
nonlinearity of systems can be written in a fractional form. The first
adaptive observer is an adaptive sliding mode observer for a Lipchitz
nonlinear system and the second one is an adaptive sliding mode
observer having a filtered error as a sliding surface. After comparing
their performances throughout the inverted pendulum mounted on a
car system, it was shown that the second one is more robust to
estimate the state.
Abstract: In order to compare the performance of the carbon dioxide and HFC-125 heat pumps for medium-and high-temperature heating, both heat pump cycles were optimized using a simulation method. To fairly compare the performance of the cycles by using different working fluids, each cycle was optimized from the viewpoint of heating COP by two design parameters. The first is the gas cooler exit temperature and the other is the ratio of the overall heat conductance of the gas cooler to the combined overall heat conductance of the gas cooler and the evaporator. The inlet and outlet temperatures of secondary fluid of the gas cooler were fixed at 40/90°C and 40/150°C.The results shows that the HFC-125 heat pump has 6% higher heating COP than carbon dioxide heat pump when the heat sink exit temperature is fixed at 90ºC, while the latter outperforms the former when the heat sink exit temperature is fixed at 150ºC under the simulation conditions considered in the present study.
Abstract: The effect of the blade tip geometry of a high pressure
gas turbine is studied experimentally and computationally for high
speed leakage flows. For this purpose two simplified models are
constructed, one models a flat tip of the blade and the second models
a cavity tip of the blade. Experimental results are obtained from a
transonic wind tunnel to show the static pressure distribution along
the tip wall and provide flow visualization. RANS computations
were carried to provide further insight into the mean flow behavior
and to calculate the discharge coefficient which is a measure of the
flow leaking over the tip. It is shown that in both geometries of tip
the flow separates over the tip to form a separation bubble. The
bubble is higher for the cavity tip while a complete shock wave
system of oblique waves ending with a normal wave can be seen for
the flat tip. The discharge coefficient for the flat tip shows less
dependence on the pressure ratio over the blade tip than the cavity
tip. However, the discharge coefficient for the cavity tip is lower than
that of the flat tip, showing a better ability to reduce the leakage flow
and thus increase the turbine efficiency.
Abstract: Atmospheric stability plays the most important role in
the transport and dispersion of air pollutants. Different methods are
used for stability determination with varying degrees of complexity.
Most of these methods are based on the relative magnitude of
convective and mechanical turbulence in atmospheric motions.
Richardson number, Monin-Obukhov length, Pasquill-Gifford
stability classification and Pasquill–Turner stability classification, are
the most common parameters and methods. The Pasquill–Turner
Method (PTM), which is employed in this study, makes use of
observations of wind speed, insolation and the time of day to classify
atmospheric stability with distinguishable indices. In this study, a
model is presented to determination of atmospheric stability
conditions using PTM. As a case study, meteorological data of
Mehrabad station in Tehran from 2000 to 2005 is applied to model.
Here, three different categories are considered to deduce the pattern
of stability conditions. First, the total pattern of stability classification
is obtained and results show that atmosphere is 38.77%, 27.26%,
33.97%, at stable, neutral and unstable condition, respectively. It is
also observed that days are mostly unstable (66.50%) while nights are
mostly stable (72.55%). Second, monthly and seasonal patterns are
derived and results indicate that relative frequency of stable
conditions decrease during January to June and increase during June
to December, while results for unstable conditions are exactly in
opposite manner. Autumn is the most stable season with relative
frequency of 50.69% for stable condition, whilst, it is 42.79%,
34.38% and 27.08% for winter, summer and spring, respectively.
Hourly stability pattern is the third category that points out that
unstable condition is dominant from approximately 03-15 GTM and
04-12 GTM for warm and cold seasons, respectively. Finally,
correlation between atmospheric stability and CO concentration is
achieved.
Abstract: In this study, a system of encryption based on chaotic
sequences is described. The system is used for encrypting digital
image data for the purpose of secure image transmission. An image
secure communication scheme based on Logistic map chaotic
sequences with a nonlinear function is proposed in this paper.
Encryption and decryption keys are obtained by one-dimensional
Logistic map that generates secret key for the input of the nonlinear
function. Receiver can recover the information using the received
signal and identical key sequences through the inverse system
technique. The results of computer simulations indicate that the
transmitted source image can be correctly and reliably recovered by
using proposed scheme even under the noisy channel. The
performance of the system will be discussed through evaluating the
quality of recovered image with and without channel noise.
Abstract: Ethical Education is a compulsorily optional subject in
primary and secondary schools. The Ethical Education objective is
the education of a personality with one´s own identity, with
interiorized ethical standards, with mature moral judgement and
therefore with the behaviour determined by one´s own beliefs; with a
positive attitude to himself/herself and other people and that is why
he/she is able to cooperate and to initiate cooperation. In the paper we
describe the contents and the principles of Ethical education. We also
shows that Ethical education is subject supported primary socialpathological
prevention and education to citizenship. In this context
we try to show that ethical education contributes to the education of
good people who are aware of the necessity to respect social norms
and are able to assume responsibility for their own behaviour in any
situation at present and in the future.
Abstract: Benefits to the organisation are just as important as technical ability when it comes to software success. The challenge is to provide industry with professionals who understand this. In other words: How to teach computer engineering students to look beyond technology, and at the benefits of software to organizations? This paper reports on the conceptual design of a section of the computer networks module aimed to sensitize the students to the organisational context.
Checkland focuses on different worldviews represented by various role players in the organisation. He developed the Soft Systems Methodology that guides purposeful action in organisations, while incorporating different worldviews in the modeling process. If we can sensitize students to these methods, they are likely to appreciate the wider context of application of system software. This paper will provide literature on these concepts as well as detail on how the students will be guided to adopt these concepts.
Abstract: This paper includes two novel techniques for skew
estimation of binary document images. These algorithms are based on
connected component analysis and Hough transform. Both these
methods focus on reducing the amount of input data provided to
Hough transform. In the first method, referred as word centroid
approach, the centroids of selected words are used for skew detection.
In the second method, referred as dilate & thin approach, the selected
characters are blocked and dilated to get word blocks and later
thinning is applied. The final image fed to Hough transform has the
thinned coordinates of word blocks in the image. The methods have
been successful in reducing the computational complexity of Hough
transform based skew estimation algorithms. Promising experimental
results are also provided to prove the effectiveness of the proposed
methods.
Abstract: Fuzzy Load forecasting plays a paramount role in the operation and management of power systems. Accurate estimation of future power demands for various lead times facilitates the task of generating power reliably and economically. The forecasting of future loads for a relatively large lead time (months to few years) is studied here (long term load forecasting). Among the various techniques used in forecasting load, artificial intelligence techniques provide greater accuracy to the forecasts as compared to conventional techniques. Fuzzy Logic, a very robust artificial intelligent technique, is described in this paper to forecast load on long term basis. The paper gives a general algorithm to forecast long term load. The algorithm is an Extension of Short term load forecasting method to Long term load forecasting and concentrates not only on the forecast values of load but also on the errors incorporated into the forecast. Hence, by correcting the errors in the forecast, forecasts with very high accuracy have been achieved. The algorithm, in the paper, is demonstrated with the help of data collected for residential sector (LT2 (a) type load: Domestic consumers). Load, is determined for three consecutive years (from April-06 to March-09) in order to demonstrate the efficiency of the algorithm and to forecast for the next two years (from April-09 to March-11).
Abstract: Finding the shortest path between two positions is a
fundamental problem in transportation, routing, and communications
applications. In robot motion planning, the robot should pass around
the obstacles touching none of them, i.e. the goal is to find a
collision-free path from a starting to a target position. This task has
many specific formulations depending on the shape of obstacles,
allowable directions of movements, knowledge of the scene, etc.
Research of path planning has yielded many fundamentally different
approaches to its solution, mainly based on various decomposition
and roadmap methods. In this paper, we show a possible use of
visibility graphs in point-to-point motion planning in the Euclidean
plane and an alternative approach using Voronoi diagrams that
decreases the probability of collisions with obstacles. The second
application area, investigated here, is focused on problems of finding
minimal networks connecting a set of given points in the plane using
either only straight connections between pairs of points (minimum
spanning tree) or allowing the addition of auxiliary points to the set
to obtain shorter spanning networks (minimum Steiner tree).
Abstract: The article touches upon questions of information security in Russian Economy. It covers theoretical bases of information security and causes of its development. The theory is proved by the analysis of business activities and the main tendencies of information security development. Perm region has been chosen as the bases for the analysis, being the fastestdeveloping region that uses methods of information security in managing it economy. As a result of the study the authors of the given article have formulated their own vision of the problem of information security in various branches of economy and stated prospects of information security development and its growing role in Russian economy
Abstract: In the last decade digital watermarking procedures have
become increasingly applied to implement the copyright protection
of multimedia digital contents distributed on the Internet. To this
end, it is worth noting that a lot of watermarking procedures
for images and videos proposed in literature are based on spread
spectrum techniques. However, some scepticism about the robustness
and security of such watermarking procedures has arisen because
of some documented attacks which claim to render the inserted
watermarks undetectable. On the other hand, web content providers
wish to exploit watermarking procedures characterized by flexible and
efficient implementations and which can be easily integrated in their
existing web services frameworks or platforms. This paper presents
how a simple spread spectrum watermarking procedure for MPEG-2
videos can be modified to be exploited in web contexts. To this end,
the proposed procedure has been made secure and robust against some
well-known and dangerous attacks. Furthermore, its basic scheme
has been optimized by making the insertion procedure adaptive with
respect to the terminals used to open the videos and the network transactions
carried out to deliver them to buyers. Finally, two different
implementations of the procedure have been developed: the former
is a high performance parallel implementation, whereas the latter is
a portable Java and XML based implementation. Thus, the paper
demonstrates that a simple spread spectrum watermarking procedure,
with limited and appropriate modifications to the embedding scheme,
can still represent a valid alternative to many other well-known and
more recent watermarking procedures proposed in literature.