Abstract: This paper discusses site selection process for
biological soil conservation planning. It was supported by a valuefocused
approach and spatial multi-criteria evaluation techniques. A
first set of spatial criteria was used to design a number of potential
sites. Next, a new set of spatial and non-spatial criteria was
employed, including the natural factors and the financial costs,
together with the degree of suitability for the Bonkuh watershed to
biological soil conservation planning and to recommend the most
acceptable program. The whole process was facilitated by a new
software tool that supports spatial multiple criteria evaluation, or
SMCE in GIS software (ILWIS). The application of this tool,
combined with a continual feedback by the public attentions, has
provided an effective methodology to solve complex decisional
problem in biological soil conservation planning.
Abstract: The paper describes design of an ontology in the
financial domain for mutual funds. The design of this ontology
consists of four steps, namely, specification, knowledge acquisition,
implementation and semantic query. Specification includes a
description of the taxonomy and different types mutual funds and
their scope. Knowledge acquisition involves the information
extraction from heterogeneous resources. Implementation describes
the conceptualization and encoding of this data. Finally, semantic
query permits complex queries to integrated data, mapping of these
database entities to ontological concepts.
Abstract: Insider abuse has recently been reported as one of
the more frequently occurring security incidents, suggesting that
more security is required for detecting and preventing unauthorised
financial transactions entered by authorised users. To address the
problem, and based on the observation that all authorised interbanking
financial transactions trigger or are triggered by other
transactions in a workflow, we have developed a security solution
based on a redefined understanding of an audit workflow. One audit
workflow where there is a log file containing the complete workflow
activity of financial transactions directly related to one financial
transaction (an electronic deal recorded at an e-trading system). The
new security solution contemplates any two parties interacting on
the basis of financial transactions recorded by their users in related
but distinct automated financial systems. In the new definition interorganizational
and intra-organization interactions can be described
in one unique audit trail. This concept expands the current ideas of
audit trails by adapting them to actual e-trading workflow activity, i.e.
intra-organizational and inter-organizational activity. With the above,
a security auditing service is designed to detect integrity drifts with
and between organizations in order to detect unauthorised financial
transactions entered by authorised users.
Abstract: The concept of housing affordability is a contested
issue, but a pressing and widespread problem for many countries.
Simple ratio measures based on housing expenditure and income are
habitually used to defined and assess housing affordability. However,
conceptualising and measuring affordability in this manner focuses
only on financial attributes and fails to deal with wider issues such as
housing quality, location and access to services and facilities.
The research is based on the notion that the housing affordability
problem encompasses more than the financial costs of housing and a
households ability to meet such costs and must address larger issues
such as social and environmental sustainability and the welfare of
households. Therefore, the need arises for a broad and more
encompassing set of attributes by which housing affordability can be
assessed. This paper presents a system of criteria by which the
affordability of different housing locations could be assessed in a
comprehensive and sustainable manner. Moreover, the paper explores
the way in which such criteria could be measured.
Abstract: The purpose of this paper is to contribute to the body
of knowledge in the area of management accounting, particularly
performance measurement systems within the BSC framework, by
investigating empirically the extent of multiple performance
measures usage and their effects on the financial performance of
Jordanian banks in the branches level. Nevertheless, the result of this
study shows that the non-financial measures usages, particularly,
customer oriented indicators and product/ service oriented indicators,
appears to be important as it enhances firm performance.
Remarkably, the findings reveal that there is positive relationship
between the usages of multiple performance measures via overall
BSC measures and financial performance in the branches level.
Abstract: The procurement and cost management approach adopted for mechanical and electrical (M&E) services in Malaysian construction industry have been criticized for its inefficiency. The study examined early cost estimating practices adopted for mechanical and electrical services (M&E) in Malaysia so as to understand the level of compliance of the current techniques with best practices. The methodology adopted for the study is a review of bidding documents used on both completed and on – going building projects awarded between 2008 – 2010 under 9th Malaysian Plan. The analysis revealed that, M&E services cost cannot be reliably estimated at pre-contract stage; the bidding techniques adopted for M&E services failed to provide uniform basis for contractors to submit tender; detailed measurement of items were not made which could complicate post contract cost control and financial management. The paper concluded that, there is need to follow a structured approach in determining the pre-contract cost estimate for M&E services which will serve as a virile tool for post contract cost control.
Abstract: The 20th century has brought much development to the practice of Architecture worldwide, and technology has bridged inhabitation limits in many regions of the world with high levels of comfort and conveniences, most times at high costs to the environment. Throughout the globe, the tropical countries are being urbanized at an unprecedented rate and housing has become a major issue worldwide, in light of increased demand and lack of appropriate infra-structure and planning. Buildings and urban spaces designed in tropical cities have mainly adopted external concepts that in most cases do not fit the needs of the inhabitants living in such harsh climatic environment, and when they do, do so at high financial, environmental and cultural costs. Traditional architectural practices can provide valuable understanding on how self-reliance and autonomy of construction can be reinforced in rural-urban tropical environments. From traditional housing knowledge, it is possible to derive lessons for the development of new construction materials that are affordable, environmentally friendly, culturally acceptable and accesible to all.Specifically to the urban context, such solutions are of outmost importance, given the needs to a more democratic society, where access to housing is considered high in the agenda for development. Traditional or rural constructions are also ongoing through extensive changes eventhough they have mostly adopted climate-responsive building practices relying on local resources (with minimum embodied energy) and energy (for comfort and quality of life). It is important to note that many of these buildings can actually be called zero-energy, and hold potential answers to enable transition from high energy, high cost, low comfort urban habitations to zero/low energy habitations with high quality urban livelihood. Increasing access to modern urban lifestyels have also an effect on the aspirations from people in terms of performance, comfort and convenience in terms of their housing and the way it is produced and used. These aspirations are resulting in transitions from localresource dependent habitations- to non-local resource based highenergy urban style habitations. And such transitions are resulting in the habitations becoming increasingly unsuited to the local climatic conditions with increasing discomfort, ill-health, and increased CO2 emissions and local environmental disruption. This research studies one specific transition group in the context of 'water communities' in tropical-equatorial regions: Ribeirinhos housing typology (Amazonas, Brazil). The paper presents the results of a qualitative sustainability assessment of the housing typologies under transition, found at the Ribeirinhos communities.
Abstract: Many Thai movies have been very popular
domestically and internationally. Some movies were box office hits
and receiving awards. However, there has not yet been research
about how Thai movies can sell in international markets
The objectives of the research were 1) To analyze the
characteristics of Thai movies that can sell to world audiences; 2) To
investigate the factors making Thai movies into foreign markets. Thai
film professionals were interviewed. Their ideas were analyzed to
find out what factors contributing to Thai movies widely seen in
worldwide markets. Nine foreign audiences were also interviewed to
reveal what characteristics of Thai movies would be well accepted by
the markets.
The results showed that major characteristics of Thai movies
proving successful worldwide were cultural and exotic Thai movies,
outstanding genres, well-known actors, music and songs. Factors
contributing to global market were marketing, qualities of Thai
movies, and financial support from the government.
Abstract: Throughout this paper, a relatively new technique, the Tabu search variable selection model, is elaborated showing how it can be efficiently applied within the financial world whenever researchers come across the selection of a subset of variables from a whole set of descriptive variables under analysis. In the field of financial prediction, researchers often have to select a subset of variables from a larger set to solve different type of problems such as corporate bankruptcy prediction, personal bankruptcy prediction, mortgage, credit scoring and the Arbitrage Pricing Model (APM). Consequently, to demonstrate how the method operates and to illustrate its usefulness as well as its superiority compared to other commonly used methods, the Tabu search algorithm for variable selection is compared to two main alternative search procedures namely, the stepwise regression and the maximum R 2 improvement method. The Tabu search is then implemented in finance; where it attempts to predict corporate bankruptcy by selecting the most appropriate financial ratios and thus creating its own prediction score equation. In comparison to other methods, mostly the Altman Z-Score model, the Tabu search model produces a higher success rate in predicting correctly the failure of firms or the continuous running of existing entities.
Abstract: There are three main ways of categorizing capital in banking operations: accounting, regulatory and economic capital. However, the 2008-2009 global crisis has shown that none of these categories adequately reflects the real risks of bank operations, especially in light of the failures Bear Stearns, Lehman Brothers or Northern Rock. This paper deals with the economic capital allocation of global banks. In theory, economic capital should reflect the real risks of a bank and should be publicly available. Yet, as discovered during the global financial crisis, even when economic capital information was publicly disclosed, the underlying assumptions rendered the information useless. Specifically, some global banks that reported relatively high levels of economic capital before the crisis went bankrupt or had to be bailed-out by their government. And, only 15 out of 50 global banks reported their economic capital during the 2007-2010 period. In this paper, we analyze the changes in reported bank economic capital disclosure during this period. We conclude that relative shares of credit and business risks increased in 2010 compared to 2007, while both operational and market risks decreased their shares on the total economic capital of top-rated global banks. Generally speaking, higher levels of disclosure and transparency of bank operations are required to obtain more confidence from stakeholders. Moreover, additional risks such as liquidity risks should be included in these disclosures.
Abstract: Minimization methods for training feed-forward networks with Backpropagation are compared. Feedforward network training is a special case of functional minimization, where no explicit model of the data is assumed. Therefore due to the high dimensionality of the data, linearization of the training problem through use of orthogonal basis functions is not desirable. The focus is functional minimization on any basis. A number of methods based on local gradient and Hessian matrices are discussed. Modifications of many methods of first and second order training methods are considered. Using share rates data, experimentally it is proved that Conjugate gradient and Quasi Newton?s methods outperformed the Gradient Descent methods. In case of the Levenberg-Marquardt algorithm is of special interest in financial forecasting.
Abstract: The purpose of this study is comparing and analysing
of the financial characteristics for development methods of the urban development project in the established area, focusing on the
multi-level replotting.
Analysis showed that the type of the lowest expenditure was
'combination type of group-land and multi-level replotting' and the type of the highest profitability was 'multi-level replotting type'. But
'multi-level replotting type' has still risk of amount of cost for the additional architecture. In addition, we subdivided standard amount
for liquidation of replotting and analysed income-expenditure flow.
Analysis showed that both of 'multi-level replotting type' and 'combination type of group-land and multi-level replotting' improved
profitability of project and property change ratio. However, when the
standard was under a certain amount, amount of original property for the replotting was increased exponentially, and profitability of project.
Abstract: Under the limitation of investment budget, a utility
company is required to maximize the utilization of their existing
assets during their life cycle satisfying both engineering and financial
requirements. However, utility does not have knowledge about the
status of each asset in the portfolio neither in terms of technical nor
financial values. This paper presents a knowledge based model for
the utility companies in order to make an optimal decision on power
transformer with their utilization. CommonKADS methodology, a
structured development for knowledge and expertise representation,
is utilized for designing and developing knowledge based model. A
case study of One MVA power transformer of Nepal Electricity
Authority is presented. The results show that the reusable knowledge
can be categorized, modeled and utilized within the utility company
using the proposed methodologies. Moreover, the results depict that
utility company can achieve both engineering and financial benefits
from its utilization.
Abstract: The provision of urban public transport in Indonesia is not free of problems. Some of the problems include: an overall lack of capacity, lack of quality and choice, severe traffic congestions and insufficient fund to renew and repair vehicles. Generally, the comfort and quality of the city bus is poor, and many of the vehicles are dilapidated and dirty. Surveys were carried out in the city of Yogyakarta, by counting city bus vehicles and occupancies, interviewing the bus passengers, drivers and institutional staffs, who involve in public transport management. This paper will then analyze the possible plan to develop the public transport system to become more attractive and to improve the public transport management. The short, medium and long term plans are analyzed, to find the best solutions. Some constraints such as social impacts and financial impact are also taken into accounts.
Abstract: Since supply chains highly impact the financial
performance of companies, it is important to optimize and analyze
their Key Performance Indicators (KPI). The synergistic combination
of Particle Swarm Optimization (PSO) and Monte Carlo simulation is
applied to determine the optimal reorder point of warehouses in
supply chains. The goal of the optimization is the minimization of the
objective function calculated as the linear combination of holding and
order costs. The required values of service levels of the warehouses
represent non-linear constraints in the PSO. The results illustrate that
the developed stochastic simulator and optimization tool is flexible
enough to handle complex situations.
Abstract: Integrated Total Quality Management (TQM) with
Lean Manufacturing (LM) is a system comprises of TQM with LM
principles and is associated with financial and nonfinancial
performance measurement indicators. The ultimate goal of this
system is to focus on achieving total customer satisfaction by
removing eight wastes available in any process in an organization.
A survey questionnaire was developed and distributed to 30 highly
active automotive vendors in Malaysia and analyzed by PASW
Statistics 18. It was found out that these vendors have been
practicing and measuring the effectiveness TQM and LM
implementation. More involvement of all Malaysian automotive
vendors will represent the exact status of current Malaysian
automotive industry in implementing TQM and LM and can
determine whether the industry is ready for integrated TQM and
LM system. This is the first study that combined 4 awards
practices, ISO/TS16949, Toyota Production System and
SAEJ4000.
Abstract: Electronic Systems are the core of everyday lives.
They form an integral part in financial networks, mass transit,
telephone systems, power plants and personal computers. Electronic
systems are increasingly based on complex VLSI (Very Large Scale
Integration) integrated circuits. Initial electronic design automation is
concerned with the design and production of VLSI systems. The next
important step in creating a VLSI circuit is Physical Design. The
input to the physical design is a logical representation of the system
under design. The output of this step is the layout of a physical
package that optimally or near optimally realizes the logical
representation. Physical design problems are combinatorial in nature
and of large problem sizes. Darwin observed that, as variations are
introduced into a population with each new generation, the less-fit
individuals tend to extinct in the competition of basic necessities.
This survival of fittest principle leads to evolution in species. The
objective of the Genetic Algorithms (GA) is to find an optimal
solution to a problem .Since GA-s are heuristic procedures that can
function as optimizers, they are not guaranteed to find the optimum,
but are able to find acceptable solutions for a wide range of
problems. This survey paper aims at a study on Efficient Algorithms
for VLSI Physical design and observes the common traits of the
superior contributions.
Abstract: Fuzzy logic can be used when knowledge is
incomplete or when ambiguity of data exists. The purpose of
this paper is to propose a proactive fuzzy set- based model for
reacting to the risk inherent in investment activities relative to
a complete view of portfolio management. Fuzzy rules are
given where, depending on the antecedents, the portfolio size
may be slightly or significantly decreased or increased. The
decision maker considers acceptable bounds on the proportion
of acceptable risk and return. The Fuzzy Controller model
allows learning to be achieved as 1) the firing strength of each
rule is measured, 2) fuzzy output allows rules to be updated,
and 3) new actions are recommended as the system continues
to loop. An extension is given to the fuzzy controller that
evaluates potential financial loss before adjusting the
portfolio. An application is presented that illustrates the
algorithm and extension developed in the paper.
Abstract: With China's urbanization continuing to accelerate, a amount of rural people flood into China's cities in recent years, and the issue of agriculture, rural areas and farmers is getting more and more serious. In 2005, the Chinese government put forward a plan for “the construction of new rural village", in order to coordinate the development of both urban and rural areas. The planning method of rural region differs sharply from that of urban areas, as same as village social structure and habits of farmer-s life, so the studies which can consider the special needs of village construction in China are absolutely essential. This paper expresses explore current situation and problems existing in the construction of China-s new rural village, such as bigger gap between urban and rural areas, excessive new construction projects, extinct traditional village style and so on. It tries to analyze the deep reason of the present situation of the village from law system, industrial structure, financial sources and planning method. Then it also provides a guide for developing policies and procedures promoting the development of china-s rural areas.
Abstract: The present study investigated the relationship
between personality characteristics of drivers and the number and
amount of fines they have in a year .This study was carried out on
120 male taxi drivers that worked at least seven hours in a day in
Lamerd - a city in the south of IRAN. Subjects were chosen
voluntarily among those available. Predictive variables were the NEO
–five great personality factors (1. conscientiousness 2. Openness to
Experience 3.Neuroticism4 .Extraversion 5.Agreeableness )
thecriterion variables were the number and amount of fines the
drivers have had the last three years. the result of regression analysis
showed that conscientiousness factor was able to negatively predict
the number and amount of financial fines the drivers had during the
last three years. The openness factor positively predicted the number
of fines they had in last 3 years and the amount of financial fines
during the last year. The extraversion factor both meaningfully and
positively could predict only the amount of financial fines they had
during the last year. Increasing age was associated with decreasing
driving offenses as well as financial loss.The findings can be useful
in recognizing the high-risk drivers and leading them to counseling
centers .They can also be used to inform the drivers about their
personality and it’s relation with their accident rate. Such criteria
would be of great importance in employing drivers in different places
such as companies, offices etc…