Abstract: In emerging economies, recycling is an opportunity
for the cities to increase the lifespan of sanitary landfills, reduce the
costs of the solid waste management, decrease the environmental
problems of the waste treatment through reincorporate waste in the
productive cycle and protect and develop people’s livelihoods of
informal waste pickers. However, few studies have analysed the
possibilities and strategies to integrate formal and informal sectors in
the solid waste management for the benefit of both. This study seek
to make a strength, weakness, opportunity, and threat (SWOT)
analysis in three recycling associations of Bogotá with the aim to
understand and determine the situation of recycling from perspective
of informal sector in its transition to enter as authorized waste
providers. Data used in the analysis are derived from multiple
strategies such as literature review, the Bogota’s recycling database,
focus group meetings, governmental reports, national laws and
regulations and specific interviews with key stakeholders. Results of
this study show as the main stakeholders of formal and informal
sector of waste management can identify the internal and internal
conditions of recycling in Bogotá. Several strategies were designed
based on the SWOTs determined, could be useful for Bogotá to
advance and promote recycling as a key strategy for integrated
sustainable waste management in the city.
Abstract: The aim of this paper is to present the optimization
methodology developed in the frame of a Coastal Transport
Information System. The system will be used for the effective design
of coastal transportation lines and incorporates subsystems that
implement models, tools and techniques that may support the design
of improved networks. The role of the optimization and decision
subsystem is to provide the user with better and optimal scenarios
that will best fulfill any constrains, goals or requirements posed. The
complexity of the problem and the large number of parameters and
objectives involved led to the adoption of an evolutionary method
(Genetic Algorithms). The problem model and the subsystem
structure are presented in detail, and, its support for simulation is also
discussed.
Abstract: Flexible AC Transmission Systems (FACTS) is
granting a new group of advanced power electronic devices emerging
for enhancement of the power system performance. Unified Power
Flow Controller (UPFC) is a recent version of FACTS devices for
power system applications. The back-up energy supply system
incorporated with UPFC is providing a complete control of real and
reactive power at the same time and hence is competent to improve
the performance of an electrical power system. In this article, backup
energy supply unit such as superconducting magnetic energy storage
(SMES) is integrated with UPFC. In addition, comparative
exploration of UPFC–battery, UPFC–UC and UPFC–SMES
performance is evaluated through the vibrant simulation by using
MATLAB/Simulink software.
Abstract: This article presents modeling studies of NiAl alloy
under solid-particle erosion and liquid-drop erosion. In the
solid-particle erosion simulation, attention is paid to the oxide scale
thickness variation on the alloy in high-temperature erosion
environments. The erosion damage is assumed to be deformation wear
and cutting wear mechanisms, incorporating the influence of the oxide
scale on the eroded surface; thus the instantaneous oxide thickness is
the result of synergetic effect of erosion and oxidation. For liquid-drop
erosion, special interest is in investigating the effects of drop velocity
and drop size on the damage of the target surface. The models of
impact stress wave, mean depth of penetration, and maximum depth of
erosion rate (Max DER) are employed to develop various maps for
NiAl alloy, including target thickness vs. drop size (diameter), rate of
mean depth of penetration (MDRP) vs. drop impact velocity, and
damage threshold velocity (DTV) vs. drop size.
Abstract: In this study, a computational fluid dynamics (CFD)
model has been developed for studying the effect of surface
roughness profile on the EHL problem. The cylinders contact
geometry, meshing and calculation of the conservation of mass and
momentum equations are carried out using the commercial software
packages ICEMCFD and ANSYS Fluent. The user defined functions
(UDFs) for density, viscosity and elastic deformation of the cylinders
as the functions of pressure and temperature are defined for the CFD
model. Three different surface roughness profiles are created and
incorporated into the CFD model. It is found that the developed CFD
model can predict the characteristics of fluid flow and heat transfer in
the EHL problem, including the main parameters such as pressure
distribution, minimal film thickness, viscosity, and density changes.
The results obtained show that the pressure profile at the center of the
contact area directly relates to the roughness amplitude. A rough
surface with kurtosis value of more than 3 has greater influence over
the fluctuated shape of pressure distribution than in other cases.
Abstract: Traditional document representation for classification
follows Bag of Words (BoW) approach to represent the term weights.
The conventional method uses the Vector Space Model (VSM) to
exploit the statistical information of terms in the documents and they
fail to address the semantic information as well as order of the terms
present in the documents. Although, the phrase based approach
follows the order of the terms present in the documents rather than
semantics behind the word. Therefore, a semantic concept based
approach is used in this paper for enhancing the semantics by
incorporating the ontology information. In this paper a novel method
is proposed to forecast the intraday stock market price directional
movement based on the sentiments from Twitter and money control
news articles. The stock market forecasting is a very difficult and
highly complicated task because it is affected by many factors such
as economic conditions, political events and investor’s sentiment etc.
The stock market series are generally dynamic, nonparametric, noisy
and chaotic by nature. The sentiment analysis along with wisdom of
crowds can automatically compute the collective intelligence of
future performance in many areas like stock market, box office sales
and election outcomes. The proposed method utilizes collective
sentiments for stock market to predict the stock price directional
movements. The collective sentiments in the above social media have
powerful prediction on the stock price directional movements as
up/down by using Granger Causality test.
Abstract: The main purpose of this paper is to determine the
applicability of the constitutional social rights in the so-called
horizontal relations, i.e. the relations between private entities.
Nowadays the constitutional rights are more and more often violated
by private entities and not only by the state. The private entities
interfere with the privacy of individuals, limit their freedom of
expression or disturb their peaceful gatherings. International
corporations subordinate individuals in a way which may limit their
constitutional rights. These new realities determine the new role of
the constitution in protecting human rights.
The paper will aim at answering two important questions. Firstly,
are the private entities obliged to respect the constitutional social
rights of other private entities and can they be liable for violation of
these rights? Secondly, how the constitutional social rights can
receive horizontal effect? Answers to these questions will have a
significant meaning for the popularisation of the practice of applying
the Constitution among the citizens as well as for the courts which
settle disputes between them.
Abstract: International and domestic environmental law has
evolved quite rapidly in the last few decades. At the international
level the Stockholm and Rio Declarations paved the way for a broad
based consensus of the international community on environmental
issues and principles. At the Domestic level also many states have
incorporated environmental protection in their constitutions and even
more states are doing the same at least in their domestic legislations.
In this process of evolution environmental law has unleashed a
number of novel principles such as; the participatory principle, the
polluter pays principle, the precautionary principle, the intergenerational
and intra-generational principles, the prevention
principle, the sustainable development principle and so on.
Abstract: Considering palm oil as non-drying oil owing to its
low iodine value, an attempt was taken to increase the unsaturation in
the fatty acid chains of palm oil for the preparation of alkyds. To
increase the unsaturation in the palm oil, sulphuric acid (SA) and
para-toluene sulphonic acid (PTSA) was used prior to alcoholysis for
the dehydration process. The iodine number of the oil samples was
checked for the unsaturation measurement by Wijs method. Alkyd
resin was prepared using the dehydrated palm oil by following
alcoholysis and esterification reaction. To improve the film properties
0.5wt.% multi-wall carbon nano tubes (MWCNTs) were used to
manufacture polymeric film. The properties of the resins were
characterized by various physico-chemical properties such as density,
viscosity, iodine value, saponification value, etc. Structural
elucidation was confirmed by Fourier transform of infrared
spectroscopy and proton nuclear magnetic resonance; surfaces of the
films were examined by field-emission scanning electron microscope.
In addition, pencil hardness and chemical resistivity was also
measured by using standard methods. The effect of enhancement of
the unsaturation in the fatty acid chain found significant and
motivational. The resin prepared with dehydrated palm oil showed
improved properties regarding hardness and chemical resistivity
testing. The incorporation of MWCNTs enhanced the thermal
stability and hardness of the films as well.
Abstract: We address the integer frequency offset (IFO)
estimation under the influence of the timing offset (TO) in orthogonal
frequency division multiplexing (OFDM) systems. Incorporating the
IFO and TO into the symbol set used to represent the received
OFDM symbol, we investigate the influence of the TO on the IFO,
and then, propose a combining method between two consecutive
OFDM correlations, reducing the influence. The proposed scheme
has almost the same complexity as that of the conventional
schemes, whereas it does not need the TO knowledge contrary to
the conventional schemes. From numerical results it is confirmed
that the proposed scheme is insensitive to the TO, consequently,
yielding an improvement of the IFO estimation performance over
the conventional schemes when the TO exists.
Abstract: Despite the highly touted benefits, emerging
technologies have unleashed pervasive concerns regarding unintended
and unforeseen social impacts. Thus, those wishing to create safe and
socially acceptable products need to identify such side effects and
mitigate them prior to the market proliferation. Various methodologies
in the field of technology assessment (TA), namely Delphi, impact
assessment, and scenario planning, have been widely incorporated in
such a circumstance. However, literatures face a major limitation in
terms of sole reliance on participatory workshop activities. They
unfortunately missed out the availability of a massive untapped data
source of futuristic information flooding through the Internet. This
research thus seeks to gain insights into utilization of futuristic data,
future-oriented documents from the Internet, as a supplementary
method to generate social impact scenarios whilst capturing
perspectives of experts from a wide variety of disciplines. To this end,
network analysis is conducted based on the social keywords extracted
from the futuristic documents by text mining, which is then used as a
guide to produce a comprehensive set of detailed scenarios. Our
proposed approach facilitates harmonized depictions of possible
hazardous consequences of emerging technologies and thereby makes
decision makers more aware of, and responsive to, broad qualitative
uncertainties.
Abstract: Hurling a successful Construction and Demolition
Waste (C&DW) recycling operation around the globe is a challenge
today, predominantly because secondary materials markets are yet to
be integrated. Reducing, Reusing and recycling of (C&DW) have
been employed over the years, and various techniques have been
investigated. However, the economic and environmental viability of
its application seems limited. This paper discusses the costs and
benefits in using secondary materials and focus on investigating reuse
and recycling process for five major types of construction materials:
concrete, metal, wood, cardboard/paper and plasterboard. Data
obtained from demolition specialists and contractors are considered
and evaluated. The research paper found that construction material
recovery process fully incorporate a 3R’s principle contributing to
saving energy and natural resources. This scrutiny leads to the
empathy of grand challenges in construction material recovery
process. Recommendations to deepen material recovery process are
also discussed.
Abstract: Previous studies on financial distress prediction choose
the conventional failing and non-failing dichotomy; however, the
distressed extent differs substantially among different financial
distress events. To solve the problem, “non-distressed”, “slightlydistressed”
and “reorganization and bankruptcy” are used in our article
to approximate the continuum of corporate financial health. This paper
explains different financial distress events using the two-stage method.
First, this investigation adopts firm-specific financial ratios, corporate
governance and market factors to measure the probability of various
financial distress events based on multinomial logit models.
Specifically, the bootstrapping simulation is performed to examine the
difference of estimated misclassifying cost (EMC). Second, this work
further applies macroeconomic factors to establish the credit cycle
index and determines the distressed cut-off indicator of the two-stage
models using such index. Two different models, one-stage and
two-stage prediction models are developed to forecast financial
distress, and the results acquired from different models are compared
with each other, and with the collected data. The findings show that the
one-stage model has the lower misclassification error rate than the
two-stage model. The one-stage model is more accurate than the
two-stage model.
Abstract: Internet financial reporting and corporate governance
issues are in the focus of academic and professional studies due to
their attributed importance by stakeholders of corporations. Major
aim of this study is to reveal the relationship between internet
financial reporting which is held as dependent variable and some
indicators of corporate governance such as the ratio of managerial
ownership, blockholder ownership, number of independent members
in the board of directors, frequency of meetings by audit committee
and education level of audit committee members which are held as
independent variables. Main purpose is to reveal the effect of
corporate governance on the voluntary efforts of Internet Financial
reporting. The scope of the research is limited to the Turkish
Corporations listed in Borsa Istanbul (Istanbul Stock Exchange) and
findings which are generated by means of SPSS software are revealed
in results section and interpreted in conclusions.
Abstract: The impact of Special Economic Zones (SEZs) has
been analyzed for many years by researchers. There are lot of
theoretical studies proving the SEZs importance for regional
development, however, there is lack of empirical studies (and they
are mainly focused on China market) that are based on available data.
The theoretical studies indicate the various impacts of enterprises
operating within SEZs on the economy. The article proves that, in
case of Poland, locating SEZs in municipalities is an important part
of increasing municipalities’ income. Therefore SEZs have a positive
impact on regional development. Municipality income is understood
as taxes paid by taxpayers who depend on SEZ companies’
performance. The analysis includes the Corporate Income Tax (CIT),
Personal Income Tax (PIT) and real estate tax. The effects of SEZs
on regional development were narrowed to a few variables that are
most significant for the financial system. The analysis indicates the
significant impact of SEZs on the amount of taxes influencing the
municipality budget.
Abstract: A new concept of response system is proposed for
filling the gap that exists in reducing vulnerability during immediate
response to natural disasters. Real Time Early Response Systems
(RTERSs) incorporate real time information as feedback data for
closing control loop and for generating real time situation assessment.
A review of the state of the art on works that fit the concept of
RTERS is presented, and it is found that they are mainly focused on
manmade disasters. At the same time, in response phase of natural
disaster management many works are involved in creating early
warning systems, but just few efforts have been put on deciding what
to do once an alarm is activated. In this context a RTERS arises as a
useful tool for supporting people in their decision making process
during natural disasters after an event is detected, and also as an
innovative context for applying well-known automation technologies
and automatic control concepts and tools.
Abstract: The aim of this study is to analyze the role and
effectiveness of internal mechanism (audit committee) of corporate
governance on credit institutions performance in Croatia. Based on
research objective, sample of 78 credit institutions listed on Zagreb
Stock Exchange, from 2007 to 2012, has been collected and
efficiency index of audit committee (EIAC) has been created. Based
on the sample and created EIAC, conclusions are as follows: audit
committees of credit institutions have medium efficiency, based on
EIAC measurement; there is a significant difference in audit
committee effectiveness, in observed period; there is no positive
relationship between audit committee effectiveness and credit
institution performance; there is a significant difference between
level of audit committee effectiveness and audit firm type. Future
research should contain increased number of elements in EIAC
creation and increased sample, for all obligators who need to
establish audit committee.
Abstract: This paper deals with current strategic challenges
related to the reshaping of the basic conditions of corporate operations.
Through the experimental analysis of some domestic corporations, it
presents how and to what extent Hungarian corporations are prepared
for the current strategic challenges. The study examines how strategic
directions and answer opportunities have changed in the following
interrelated areas in the past five years: economic globalization,
corporate sustainability, IT applications, labor force diversity and
ethical competences. The conclusions of the empirical survey give a
reliable basis on which economic organizations and enterprises can
formulate their strategy.
Abstract: The rhizome of Java grass, Cyperus rotundus was
extracted different organic polar and non-polar solvents and
performed the in vitro antiviral and immunostimulant activities
against White Spot Syndrome Virus (WSSV) and Vibrio harveyi
respectively. Based on the initial screening the ethyl acetate extract of
C. rotundus was strong activities and further it was purified through
silica column chromatography and the fractions were screened again
for antiviral and immunostimulant activity. Among the different
fractions screened against the WSSV and V. harveyi, the fractions, FIII
to FV had strong activities. In order to study the in vivo influence
of C. rotundus, the fractions (F-III to FV) were pooled and delivered
to the F. indicus through artificial feed for 30 days. After the feeding
trail the experimental and control diet fed F. indicus were challenged
with virulent WSSV and studied the survival, molecular diagnosis,
biochemical, haematological, and immunological parameters.
Surprisingly, the pooled fractions (F-IV to FVI) incorporated diets
helped to significantly (P
Abstract: Wind energy offers a significant advantage such as no
fuel costs and no emissions from generation. However, wind energy
sources are variable and non-dispatchable. The utility grid is able to
accommodate the variability of wind in smaller proportion along with
the daily load. However, at high penetration levels, the variability can
severely impact the utility reserve requirements and the cost
associated with it. In this paper the impact of wind energy is
evaluated in detail in formulating the total utility cost. The objective
is to minimize the overall cost of generation while ensuring the
proper management of the load. Overall cost includes the curtailment
cost, reserve cost and the reliability cost, as well as any other penalty
imposed by the regulatory authority. Different levels of wind
penetrations are explored and the cost impacts are evaluated. As the
penetration level increases significantly, the reliability becomes a
critical question to be answered. Here we increase the penetration
from the wind yet keep the reliability factor within the acceptable
limit provided by NERC. This paper uses an economic dispatch (ED)
model to incorporate wind generation into the power grid. Power
system costs are analyzed at various wind penetration levels using
Linear Programming. The goal of this study is show how the
increases in wind generation will affect power system economics.