Abstract: The prediction of financial time series is a very
complicated process. If the efficient market hypothesis holds, then the predictability of most financial time series would be a rather
controversial issue, due to the fact that the current price contains already all available information in the market. This paper extends
the Adaptive Neuro Fuzzy Inference System for High Frequency
Trading which is an expert system that is capable of using fuzzy reasoning combined with the pattern recognition capability of neural networks to be used in financial forecasting and trading in high
frequency. However, in order to eliminate unnecessary input in the
training phase a new event based volatility model was proposed.
Taking volatility and the scaling laws of financial time series into consideration has brought about the development of the Intraday Seasonality Observation Model. This new model allows the observation of specific events and seasonalities in data and subsequently removes any unnecessary data. This new event based
volatility model provides the ANFIS system with more accurate input
and has increased the overall performance of the system.
Abstract: Since the 1980s, banks and financial service institutions have been running in an endless race of innovation to cope with the advancing technology, the fierce competition, and the more sophisticated and demanding customers. In order to guide their innovation efforts, several researches were conducted to identify the success and failure factors of new financial services. These mainly included organizational factors, marketplace factors and new service development process factors. They almost all emphasized the importance of customer and market orientation as a response to the highly perceptual and intangible characteristics of financial services. However, they deemphasized the critical characteristics of high involvement of risk and close correlation with the economic conditions, a factor that heavily contributed to the Global financial Crisis of 2008. This paper reviews the success and failure factors of new financial services. It then adds new perspectives emerging from the analysis of the role of innovation in the global financial crisis.
Abstract: Higher-order Statistics (HOS), also known as
cumulants, cross moments and their frequency domain counterparts,
known as poly spectra have emerged as a powerful signal processing
tool for the synthesis and analysis of signals and systems. Algorithms
used for the computation of cross moments are computationally
intensive and require high computational speed for real-time
applications. For efficiency and high speed, it is often advantageous
to realize computation intensive algorithms in hardware. A promising
solution that combines high flexibility together with the speed of a
traditional hardware is Field Programmable Gate Array (FPGA). In
this paper, we present FPGA-based parallel architecture for the
computation of third-order cross moments. The proposed design is
coded in Very High Speed Integrated Circuit (VHSIC) Hardware
Description Language (VHDL) and functionally verified by
implementing it on Xilinx Spartan-3 XC3S2000FG900-4 FPGA.
Implementation results are presented and it shows that the proposed
design can operate at a maximum frequency of 86.618 MHz.
Abstract: Banishing hunger from the face of earth has been
frequently expressed in various international, national and regional
level conferences since 1974. Providing food security has become
important issue across the world particularly in developing countries.
In a developing country like India, where growth rate of population is
more than that of the food grains production, food security is a
question of great concern. According to the International Food Policy
Research Institute's Global Hunger Index, 2011, India ranks 67 of the
81 countries of the world with the worst food security status. After
Green Revolution, India became a food surplus country. Its
production has increased from 74.23 million tonnes in 1966-67 to
257.44 million tonnes in 2011-12. But after achieving selfsufficiency
in food during last three decades, the country is now
facing new challenges due to increasing population, climate change,
stagnation in farm productivity. Therefore, the main objective of the
present paper is to examine the food security situation at national
level in the country and further to explain the paradox of food
insecurity in a food surplus state of India i.e in Punjab at micro level.
In order to achieve the said objectives, secondary data collected from
the Ministry of Agriculture and the Agriculture department of Punjab
State was analyzed. The result of the study showed that despite
having surplus food production the country is still facing food
insecurity problem at micro level. Within the Kandi belt of Punjab
state, the area adjacent to plains is food secure while the area along
the hills falls in food insecure zone.
The present paper is divided into following three sections (i)
Introduction, (ii) Analysis of food security situation at national level
as well as micro level (Kandi belt of Punjab State) (iii) Concluding
Observations
Abstract: In modern telecommunications industry, demand &
supply chain management (DSCM) needs reliable design and
versatile tools to control the material flow. The objective for efficient
DSCM is reducing inventory, lead times and related costs in order to
assure reliable and on-time deliveries from manufacturing units
towards customers. In this paper the multi-rate expert system based
methodology for developing simulation tools that would enable
optimal DSCM for multi region, high volume and high complexity
manufacturing environment was proposed.
Abstract: This article attempts to analyze functionally graded beam thermal buckling along with piezoelectric layers applying based on the third order shearing deformation theory considering various boundary conditions. The beam properties are assumed to vary continuously from the lower surface to the upper surface of the beam. The equilibrium equations are derived using the total potential energy equations, Euler equations, piezoelectric material constitutive equations and third order shear deformation theory assumptions. In order to fulfill such an aim, at first functionally graded beam with piezoelectric layers applying the third order shearing deformation theory along with clamped -clamped boundary conditions are thoroughly analyzed, and then following making sure of the correctness of all the equations, the very same beam is analyzed with piezoelectric layers through simply-simply and simply-clamped boundary conditions. In this article buckling critical temperature for functionally graded beam is derived in two different ways, without piezoelectric layer and with piezoelectric layer and the results are compared together. Finally, all the conclusions obtained will be compared and contrasted with the same samples in the same and distinguished conditions through tables and charts. It would be noteworthy that in this article, the software MAPLE has been applied in order to do the numeral calculations.
Abstract: The aim of this paper is to investigate the influence of
market share and diversification on the nonlife insurers- performance.
The underlying relationships have been investigated in different
industries and different disciplines (economics, management...), still,
no consistency exists either in the magnitude or statistical
significance of the relationship between market share (and
diversification as well) on one side and companies- performance on
the other side. Moreover, the direction of the relationship is also
somewhat questionable. While some authors find this relationship to
be positive, the others reveal its negative association. In order to test
the influence of market share and diversification on companies-
performance in Croatian nonlife insurance industry for the period
from 1999 to 2009, we designed an empirical model in which we
included the following independent variables: firms- profitability
from previous years, market share, diversification and control
variables (i.e. ownership, industrial concentration, GDP per capita,
inflation). Using the two-step generalized method of moments
(GMM) estimator we found evidence of a positive and statistically
significant influence of both, market share and diversification, on
insurers- profitability.
Abstract: This paper describes a method of modeling to model
shadow play puppet using sophisticated computer graphics techniques
available in OpenGL in order to allow interactive play in real-time
environment as well as producing realistic animation. This paper
proposes a novel real-time method is proposed for modeling of puppet
and its shadow image that allows interactive play of virtual shadow
play using texture mapping and blending techniques. Special effects
such as lighting and blurring effects for virtual shadow play
environment are also developed. Moreover, the use of geometric
transformations and hierarchical modeling facilitates interaction
among the different parts of the puppet during animation. Based on the
experiments and the survey that were carried out, the respondents
involved are very satisfied with the outcomes of these techniques.
Abstract: Wastages such as grated coconut meat, spent tea and used sugarcane had contributed negative impacts to the environment. Vermicomposting method is fully utilized to manage the wastes towards a more sustainable approach. The worms that are used in the vermicomposting are Eisenia foetida and Eudrillus euginae. This research shows that the vermicompost of wastages has voltage of electrical energy and is able to light up the Light-Emitting Diode (LED) device. Based on the experiment, the use of replicated and double compartments of the component will produce double of voltage. Hence, for conclusion, this harmless and low cost technology of vermicompost can act as a dry cell in order to reduce the usage of hazardous chemicals that can contaminate the environment.
Abstract: Term Extraction, a key data preparation step in Text
Mining, extracts the terms, i.e. relevant collocation of words,
attached to specific concepts (e.g. genetic-algorithms and decisiontrees
are terms associated to the concept “Machine Learning" ). In
this paper, the task of extracting interesting collocations is achieved
through a supervised learning algorithm, exploiting a few
collocations manually labelled as interesting/not interesting. From
these examples, the ROGER algorithm learns a numerical function,
inducing some ranking on the collocations. This ranking is optimized
using genetic algorithms, maximizing the trade-off between the false
positive and true positive rates (Area Under the ROC curve). This
approach uses a particular representation for the word collocations,
namely the vector of values corresponding to the standard statistical
interestingness measures attached to this collocation. As this
representation is general (over corpora and natural languages),
generality tests were performed by experimenting the ranking
function learned from an English corpus in Biology, onto a French
corpus of Curriculum Vitae, and vice versa, showing a good
robustness of the approaches compared to the state-of-the-art Support
Vector Machine (SVM).
Abstract: The computer, among the most important inventions of the twentieth century, has become an increasingly important component in our everyday lives. Computer games also have become increasingly popular among people day-by-day, owing to their features based on realistic virtual environments, audio and visual features, and the roles they offer players. In the present study, the metaphors students have for computer games are investigated, as well as an effort to fill the gap in the literature. Students were asked to complete the sentence—‘Computer game is like/similar to….because….’— to determine the middle school students’ metaphorical images of the concept for ‘computer game’. The metaphors created by the students were grouped in six categories, based on the source of the metaphor. These categories were ordered as ‘computer game as a means of entertainment’, ‘computer game as a beneficial means’, ‘computer game as a basic need’, ‘computer game as a source of evil’, ‘computer game as a means of withdrawal’, and ‘computer game as a source of addiction’, according to the number of metaphors they included.
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: A system for market identification (SMI) is presented.
The resulting representations are multivariable dynamic demand
models. The market specifics are analyzed. Appropriate models and
identification techniques are chosen. Multivariate static and dynamic
models are used to represent the market behavior. The steps of the
first stage of SMI, named data preprocessing, are mentioned. Next,
the second stage, which is the model estimation, is considered in more
details. Stepwise linear regression (SWR) is used to determine the
significant cross-effects and the orders of the model polynomials. The
estimates of the model parameters are obtained by a numerically stable
estimator. Real market data is used to analyze SMI performance.
The main conclusion is related to the applicability of multivariate
dynamic models for representation of market systems.
Abstract: This paper presents a robust method to detect obstacles in stereo images using shadow removal technique and color information. Stereo vision based obstacle detection is an algorithm that aims to detect and compute obstacle depth using stereo matching and disparity map. The proposed advanced method is divided into three phases, the first phase is detecting obstacles and removing shadows, the second one is matching and the last phase is depth computing. We propose a robust method for detecting obstacles in stereo images using a shadow removal technique based on color information in HIS space, at the first phase. In this paper we use Normalized Cross Correlation (NCC) function matching with a 5 × 5 window and prepare an empty matching table τ and start growing disparity components by drawing a seed s from S which is computed using canny edge detector, and adding it to τ. In this way we achieve higher performance than the previous works [2,17]. A fast stereo matching algorithm is proposed that visits only a small fraction of disparity space in order to find a semi-dense disparity map. It works by growing from a small set of correspondence seeds. The obstacle identified in phase one which appears in the disparity map of phase two enters to the third phase of depth computing. Finally, experimental results are presented to show the effectiveness of the proposed method.
Abstract: The present work encounters the solution of the defect identification problem with the use of an evolutionary algorithm combined with a simplex method. In more details, a Matlab implementation of Genetic Algorithms is combined with a Simplex method in order to lead to the successful identification of the defect. The influence of the location and the orientation of the depressed ellipsoidal flaw was investigated as well as the use of different amount of static data in the cost function. The results were evaluated according to the ability of the simplex method to locate the global optimum in each test case. In this way, a clear impression regarding the performance of the novel combination of the optimization algorithms, and the influence of the geometrical parameters of the flaw in defect identification problems was obtained.
Abstract: This paper presents a hand vein authentication system
using fast spatial correlation of hand vein patterns. In order to
evaluate the system performance, a prototype was designed and a
dataset of 50 persons of different ages above 16 and of different
gender, each has 10 images per person was acquired at different
intervals, 5 images for left hand and 5 images for right hand. In
verification testing analysis, we used 3 images to represent the
templates and 2 images for testing. Each of the 2 images is matched
with the existing 3 templates. FAR of 0.02% and FRR of 3.00 %
were reported at threshold 80. The system efficiency at this threshold
was found to be 99.95%. The system can operate at a 97% genuine
acceptance rate and 99.98 % genuine reject rate, at corresponding
threshold of 80. The EER was reported as 0.25 % at threshold 77. We
verified that no similarity exists between right and left hand vein
patterns for the same person over the acquired dataset sample.
Finally, this distinct 100 hand vein patterns dataset sample can be
accessed by researchers and students upon request for testing other
methods of hand veins matching.
Abstract: The broadcast problem including the plan design is
considered. The data are inserted and numbered at predefined order
into customized size relations. The server ability to create a full,
regular Broadcast Plan (RBP) with single and multiple channels after
some data transformations is examined. The Regular Geometric
Algorithm (RGA) prepares a RBP and enables the users to catch their
items avoiding energy waste of their devices. Moreover, the
Grouping Dimensioning Algorithm (GDA) based on integrated
relations can guarantee the discrimination of services with a
minimum number of channels. This last property among the selfmonitoring,
self-organizing, can be offered by servers today
providing also channel availability and less energy consumption by
using smaller number of channels. Simulation results are provided.
Abstract: In an Orthogonal Frequency Division Multiplexing (OFDM) systems, the Peak to Average power Ratio (PAR) is high. The clipping signal scheme is a useful and simple method to reduce the PAR. However, it introduces additional noise that degrades the systems performance. We propose an oversampling scheme to deal with the received signal in order to reduce the clipping noise by using Finite Impulse Response (FIR) filter. Coefficients of filter are obtained by correlation function of the received signal and the oversampling information at receiver. The performance of the proposed technique is evaluated for frequency selective channel. Results show that the proposed scheme can mitigate the clipping noise significantly for OFDM systems and in order to maintain the system's capacity, the clipping ratio should be larger than 2.5.
Abstract: The objective of this research is to calculate the
optimal inventory lot-sizing for each supplier and minimize the total
inventory cost which includes joint purchase cost of the products,
transaction cost for the suppliers, and holding cost for remaining
inventory. Genetic algorithms (GAs) are applied to the multi-product
and multi-period inventory lot-sizing problems with supplier
selection under storage space. Also a maximum storage space for the
decision maker in each period is considered. The decision maker
needs to determine what products to order in what quantities with
which suppliers in which periods. It is assumed that demand of
multiple products is known over a planning horizon. The problem is
formulated as a mixed integer programming and is solved with the
GAs. The detailed computation results are presented.
Abstract: Gene, principal unit of inheritance, is an ordered
sequence of nucleotides. The genes of eukaryotic organisms include
alternating segments of exons and introns. The region of
Deoxyribonucleic acid (DNA) within a gene containing instructions
for coding a protein is called exon. On the other hand, non-coding
regions called introns are another part of DNA that regulates gene
expression by removing from the messenger Ribonucleic acid (RNA)
in a splicing process. This paper proposes to determine splice
junctions that are exon-intron boundaries by analyzing DNA
sequences. A splice junction can be either exon-intron (EI) or intron
exon (IE). Because of the popularity and compatibility of the
artificial neural network (ANN) in genetic fields; various ANN
models are applied in this research. Multi-layer Perceptron (MLP),
Radial Basis Function (RBF) and Generalized Regression Neural
Networks (GRNN) are used to analyze and detect the splice junctions
of gene sequences. 10-fold cross validation is used to demonstrate
the accuracy of networks. The real performances of these networks
are found by applying Receiver Operating Characteristic (ROC)
analysis.