Abstract: This paper seeks to assess the implications of bank
consolidation on lending, which largely determine the survival and
performance of small and medium scale enterprises and in turn the
development of the Nigerian economy. Ordinary least square
technique, correlation matrix test and Granger –causality test were
employed to measure the extent to which lending to small and
medium scale enterprises were influenced. The result showed that
bank deposit (BD) impacted on lending to small and medium scale
enterprises. Commercial and merchant bank lending rate had
statistically insignificant effect on the dependent variable. There is a
shift of focus by commercial banks from small and medium scale
enterprises (small customers) to major investors (big customers).
While micro finance banks work hard at providing funds to small and
medium scale entrepreneurs, their capacity to meet the needs of these
entrepreneurs is constrained. The capital and deposits of micro
finance bank should be boosted in order to effectively support small
and medium scale enterprises through loans.
Abstract: Damaturu is the capital of Yobe State in northeastern
Nigeria where civic amenities and facilities are not adequate even
after 24 years of its existence. The volatile security and political
situations are most significant causes for the same. The basic facility
for the citizens in terms of drinking water and electricity are not
available. For the drinking water, they have to rely on personal
boreholes or the filtered borehole waters available in packaged
sachets in market. The present study is concerned with environmental
impact of indiscriminate disposal of drinking synthetic polythene
water sachets in Damaturu. The sachet water is popularly called as
“pure water”, but its purity is questionable. Increased production and
consumption of sachet water has led to indiscriminate dumping and
disposal of empty sachets leading to serious environmental threat.
The evidence of this is seen for sachets littering the streets and the
drainages blocked by ‘blocks’ of water sachet waste. Sachet water
gained much popularity in Nigeria because the product is convenient
for use, affordable and economically viable. The present study aims
to find out the solution to this environmental problem. The fieldbased
study has found some significant factors that cause
environmental and socio economic effect due to this. Some
recommendations have been made based on research findings
regarding sustainable waste management, recycling and re-use of the
non-biodegradable products in society.
Abstract: Erosion and abrasion are wear mechanisms reducing
the lifetime of machine elements like valves, pump and pipe systems.
Both wear mechanisms are acting at the same time, causing a
“Synergy” effect, which leads to a rapid damage of the surface.
Different parameters are effective on erosive abrasive wear rate. In
this study effect of particle impact angle on wear rate and wear
mechanism of ductile and brittle materials was investigated. A new
slurry pot was designed for experimental investigation. As abrasive
particle, silica sand was used. Particle size was ranking between 200-
500 μm. All tests were carried out in a sand-water mixture of 20%
concentration for four hours. Impact velocities of the particles were
4.76 m/s. As ductile material steel St 37 with Vickers Hardness
Number (VHN) of 245 and quenched St 37 with 510 VHN was used
as brittle material. After wear tests, morphology of the eroded
surfaces were investigated for better understanding of the wear
mechanisms acting at different impact angles by using Scanning
Electron Microscope. The results indicated that wear rate of ductile
material was higher than brittle material. Maximum wear rate was
observed by ductile material at a particle impact angle of 300 and
decreased further by an increase in attack angle. Maximum wear rate
by brittle materials was by impact angle of 450 and decreased further
up to 900. Ploughing was the dominant wear mechanism by ductile
material. Microcracks on the surface were detected by ductile
materials, which are nucleation centers for crater formation. Number
of craters decreased and depth of craters increased by ductile
materials by attack angle higher than 300. Deformation wear
mechanism was observed by brittle materials. Number and depth of
pits decreased by brittle materials by impact angles higher than 450.
At the end it is concluded that wear rate could not be directly related
to impact angle of particles due to the different reaction of ductile and
brittle materials.
Abstract: Polymeric micro-cantilevers (Cs) are rapidly
becoming popular for MEMS applications such as chemo- and biosensing
as well as purely electromechanical applications such as
microrelays. Polymer materials present suitable physical and
chemical properties combined with low-cost mass production. Hence,
micro-cantilevers made of polymers indicate much more
biocompatibility and adaptability of rapid prototyping along with
mechanical properties. This research studies the effects of three
process and one size factors on the filling behaviour in micro cavity,
and the role of each in the replication of micro parts using different
polymer materials i.e. polypropylene (PP) SABIC 56M10 and
acrylonitrile butadiene styrene (ABS) Magnum 8434 . In particular,
the following factors are considered: barrel temperature, mould
temperature, injection speed and the thickness of micro features. The
study revealed that the barrel temperature and the injection speed are
the key factors affecting the flow length of micro features replicated
in PP and ABS. For both materials, an increase of feature sizes
improves the melt flow. However, the melt fill of micro features does
not increase linearly with the increase of their thickness.
Abstract: In many countries, governments have been promoting the involvement of private sector entities to enter into long-term agreements for the development and delivery of large infrastructure projects, with a focus on overcoming the limitations upon public fund of the traditional approach. The involvement of private sector through public private partnerships (PPP) brings in new capital investments, value for money and additional risks to handle. Worldwide research studies have shown that an objective, systematic, reliable and useroriented risk assessment process and an optimal allocation mechanism among different stakeholders is crucial to the successful completion. In this framework, this paper, which is the first stage of a research study, aims to identify the main risks for the delivery of PPP projects. A review of cross-countries research projects and case studies was performed to map the key risks affecting PPP infrastructure delivery. The matrix of mapping offers a summary of the frequency of factors, clustered in eleven categories: construction, design, economic, legal, market, natural, operation, political, project finance, project selection and relationship. Results will highlight the most critical risk factors, and will hopefully assist the project managers in directing the managerial attention in the further stages of risk allocation.
Abstract: This paper seeks to assess the implications of bank
consolidation on the performance of small and medium scale
enterprises in the Nigerian economy. Multiple linear regression
technique and correlation matrix test were employed to measure the
extent to which small and medium scale enterprises asset size,
survival and access to credit were influenced. The result showed that
bank deposit (BD) and bank credit (L or BC) impacted on asset size
and survival of small and medium scale enterprises. None of the
variables had significant impact on SMEs access to credit. There is a
shift of focus by commercial banks away from small and medium
scale enterprises (small customers), which is evidenced by the
significant negative influence of bank credit to both the survival and
asset size of small and medium enterprises. While micro finance
banks work hard at providing funds to small and medium scale
entrepreneurs, their capacity to meet the needs of these entrepreneurs
is constrained. CBN should make policies that will boost micro
finance bank’s capital and also monitor closely the management of
the banks to ensure prudent financing of small and medium scale
investments.
Abstract: The present study is a functional analysis of the
relationship between castes which indicates the dynamics of the caste
structure in the rural setting. The researcher has tried to show both
the cooperation and competition on important ceremonial and social
occasions. The real India exists in the villages, so we need to know
about their solidarity and also what the village life is and has been
shaping into. We need to emphasize a microcosmic study of Indian
rural life. Furthermore, caste integration is an acute problem country
faces today. To resolve this we are required to know the dynamics of
behavior of the people of different castes and for the study of the
caste dynamics a study of caste relations are needed. The present
study is an attempt in this direction.
Abstract: In this study, an Artificial Neural Network (ANN)
analytical method has been developed for analyzing earthquake
performances of the Reinforced Concrete (RC) buildings. 66 RC
buildings with four to ten storeys were subjected to performance
analysis according to the parameters which are the existing material,
loading and geometrical characteristics of the buildings. The selected
parameters have been thought to be effective on the performance of
RC buildings. In the performance analyses stage of the study, level of
performance possible to be shown by these buildings in case of an
earthquake was determined on the basis of the 4-grade performance
levels specified in Turkish Earthquake Code-2007 (TEC-2007). After
obtaining the 4-grade performance level, selected 23 parameters of
each building have been matched with the performance level. In this
stage, ANN-based fast evaluation algorithm mentioned above made
an economic and rapid evaluation of four to ten storey RC buildings.
According to the study, the prediction accuracy of ANN has been
found about 74%.
Abstract: Numerous investigations suggest that Mesenchymal
Stem Cells (MSCs) in general represent a valuable tool for therapy of
symptoms related to chronic inflammatory diseases. Blue Horizon
Stem Cell Therapy Program is a leading provider of adult and
children’s stem cell therapies. Uniquely we have safely and
efficiently treated more than 600 patients with documenting each
procedure. The purpose of our study is primarily to monitor the
immune response in order to validate the safety of intravenous
infusion of human umbilical cord blood derived MSCs (UC-MSCs),
and secondly, to evaluate effects on biomarkers associated with
chronic inflammation. Nine patients were treated for conditions
associated with chronic inflammation and for the purpose of antiaging.
They have been given one intravenous infusion of UCMSCs.
Our study of blood test markers of 9 patients with chronic
inflammation before and within three months after MSCs treatment
demonstrates that there is no significant changes and MSCs treatment
was safe for the patients. Analysis of different indicators of chronic
inflammation and aging included in initial, 24-hours, two weeks and
three months protocols showed that stem cell treatment was safe for
the patients; there were no adverse reactions. Moreover data from
follow up protocols demonstrates significant improvement in energy
level, hair, nails growth and skin conditions. Intravenously
administered UC-MSCs were safe and effective in the improvement
of symptoms related to chronic inflammation. Further close
monitoring and inclusion of more patients are necessary to fully
characterize the advantages of UC-MSCs application in treatment of
symptoms related to chronic inflammation.
Abstract: This study discusses a Turkish music education model
similar to its Venezuelan counterpart El Sistema, in which
socialization and human development are the main goals. The Music
for Peace (Baris Icin Muzik) model, founded in 2005 by an idealist
humanitarian in Istanbul, started as a pilot project with accordion and
today makes symphonic music education. The program aims to offer
social change through free-of-charge. In such a big city like Istanbul, in a deprived inner city center
people have poor economic, social and cultural conditions. In that
Edirnekapi district people don’t have opportunities to join the cultural
and social life, like music or sports. It is believed that this initiative
covered a part of this gap by giving children the opportunities to
participate in social and cultural life. In this study it is planned to understand what social changes could
music education could make in children’s lives. In the complimentary
music lessons children works in groups, which helps them to learn
the feelings of solidarity, friendship, communion and sharing. By Music for Peace project children connect with the community,
they have the belief to succeed in life because they feel that they are
loved by their friends, instructors and families. In short they feel that
they are important, thus brings the success in life. Additionally, it is
believed that, this program has achieved success. Today
approximately 400 children participate in this programs orchestras
and choirs. Some of the students get into the conservatories. And the
center is not just a place where they get music lessons but also a place
where they get socialized. And music education helps children to
have strong sense of identity, self-confidence and self-esteem.
Abstract: In this paper numerical studies have been carried out
to examine the pre-ignition flow features of high-performance solid
propellant rocket motors with two different port geometries but with
same propellant loading density. Numerical computations have been
carried out using a validated 3D, unsteady, 2nd-order implicit, SST k-
ω turbulence model. In the numerical study, a fully implicit finite
volume scheme of the compressible, Reynolds-Averaged, Navier-
Stokes equations is employed. We have observed from the numerical
results that in solid rocket motors with highly loaded propellants
having divergent port geometry the hot igniter gases can create preignition
pressure oscillations leading to thrust oscillations due to the
flow unsteadiness and recirculation. We have also observed that the
igniter temperature fluctuations are diminished rapidly thereby
reaching the steady state value faster in the case of solid propellant
rocket motors with convergent port than the divergent port
irrespective of the igniter total pressure. We have concluded that the
prudent selection of the port geometry, without altering the propellant
loading density, for damping the total temperature fluctuations within
the motor is a meaningful objective for the suppression and control of
instability and/or thrust oscillations often observed in solid propellant
rocket motors with non-uniform port geometry.
Abstract: A new design of aerostatic thrust bearing is proposed
for high static stiffness. The bearing body, which is mead of polymer
covered with metallic membrane, is held by a circular ring. Such a
support helps form a concave air gap to grasp the air pressure. The
polymer body, which can be made rapidly by either injection or
molding is able to provide extra damping under dynamic loading. The
smooth membrane not only serves as the bearing surface but also
protects the polymer body. The restrictor is a capillary inside a silicone
tube. It can passively compensate the variation of load by expanding
the capillary diameter for more air flux. In the present example, the
stiffness soars from 15.85 N/μm of typical bearing to 349.85 N/μm at
bearing elevation 9.5 μm; meanwhile the load capacity also enhances
from 346.86 N to 704.18 N.
Abstract: Financial innovations can be regarded as the cause
and the effect of the evolution of the financial system. Most of
financial innovations are created by various financial institutions for
their own purposes and needs. However, due to their diversity,
financial innovations can be also applied by various business entities
(other than financial institutions).
This paper focuses on the potential application of financial
innovations by non-financial companies. It is assumed that financial
innovations may be effectively applied in all fields of corporate
financial decisions integrating financial management with the risk
management process. Appropriate application of financial
innovations may enhance the development of the company and
increase its value by improving its financial situation and reducing
the level of risk. On the other hand, misused financial innovations
may become the source of extra risk for the company threatening its
further operation.
The main objective of the paper is to identify the major types of
financial innovations offered to non-financial companies by the
banking system in Poland. It also aims at identifying the main factors
determining the creation of financial innovations in the banking
system in Poland and indicating future directions of their
development.
This paper consists of conceptual and empirical part. Conceptual
part based on theoretical study is focused on the determinants of the
process of financial innovations and their application by the nonfinancial
companies. Theoretical study is followed by the empirical
research based on the analysis of the actual offer of the 20 biggest
banks operating in Poland with regard to financial innovations
offered to SMEs and large corporations. These innovations are
classified according to the main functions of the integrated financial
management, such as financing, investment, working capital
management and risk management.
Empirical study has proved that the biggest banks operating in the
Polish market offer to their business customers many types and
classes of financial innovations. This offer appears vast and adequate
to the needs and purposes of the Polish non-financial companies. It
was observed that financial innovations pertained to financing
decisions dominate in the banks’ offer. However, due to high
diversification of the offered financial innovations, business
customers may effectively apply them in all fields and areas of
integrated financial management. It should be underlined, that the
banks’ offer is highly dispersed, which may limit the implementation
of financial innovations in the corporate finance. It would be also
recommended for the banks operating in the Polish market to
intensify the education campaign aiming at increasing knowledge
about financial innovations among business customers.
Abstract: Photovoltaic (PV) power generation systems, mainly
small scale, are rapidly being deployed in Jordan. The impact of these
systems on the grid has not been studied or analyzed. These systems
can cause many technical problems such as reverse power flows and
voltage rises in distribution feeders, and real and reactive power
transients that affect the operation of the transmission system. To
fully understand and address these problems, extensive research,
simulation, and case studies are required. To this end, this paper
studies the cloud shadow effect on the power generation of a ground
mounted PV system installed at the test field of the Renewable
Energy Center at the Applied Science University.
Abstract: By enhancing the applicatıon of grounds for
establishment and due to the lack of appropriate sites, engineers
attempt to seek out a new method to reduce the weakness of soils. İn
aspect of economic situation, various ways have been used to
decrease the weak grounds. Because of the rapid development of
infrastructural facilities, spreading the construction operation is an
obligation. Furthermore, in various sites with the really bad soil
situation, engineers have considered obvious problems. One of the
most essential ways for developing the weak soils is stone column.
Obviously, the method was introduced in France in 1830 to improve
a native soil initially. Stone columns have an expanding range of
usage in different rough foundation sites all over the world to
increase the bearing capacity, to reduce the whole and differential
settlements, to enhance the rate of consolidation, to stabilize slopes
stability of embankments and to increase the liquefaction resistance
as well. A recent procedure called installing vertical nails along the
round stone columns in order to make better the performance of
considered columns is offered. Moreover, thanks to the enhancing the
nail diameter, number and embedment nail depth, the positive points
of vertical circumferential nails increases. Based on the result of this
study, load caring capacity will be develop with enhancing the length
and the power of reinforcements in vertical encasement stone column
(CESC). In this study, the main purpose is comparing two methods of
stone columns (installed a nail surrounding the stone columns and
using geogrid on clay) for enhancing the bearing capacity, decreasing
the whole and various settlements.
Abstract: There is currently a gap in the technology covering the
rapid establishment of control after a reconfiguration in a
Reconfigurable Manufacturing System. This gap involves the
detection of the factory floor state and the communication link
between the factory floor and the high-level software. In this paper, a
thin, hardware-supported Middleware Management System (MMS) is
proposed and its design and implementation are discussed. The
research found that a cost-effective localization technique can be
combined with intelligent software to speed up the ramp-up of a
reconfigured system. The MMS makes the process more intelligent,
more efficient and less time-consuming, thus supporting the
industrial implementation of the RMS paradigm.
Abstract: Indonesia has experienced annual forest fires that have
rapidly destroyed and degraded its forests. Fires in the peat swamp
forests of Riau Province, have set the stage for problems to worsen,
this being the ecosystem most prone to fires (which are also the most
difficult, to extinguish). Despite various efforts to curb deforestation,
and forest degradation processes, severe forest fires are still
occurring. To find an effective solution, the basic causes of the
problems must be identified. It is therefore critical to have an indepth
understanding of the underlying causal factors that have
contributed to deforestation and forest degradation as a whole, in
order to attain reductions in their rates. An assessment of the drivers of deforestation and forest
degradation was carried out, in order to design and implement
measures that could slow these destructive processes. Research was
conducted in Giam Siak Kecil–Bukit Batu Biosphere Reserve
(GSKBB BR), in the Riau Province of Sumatera, Indonesia. A
biosphere reserve was selected as the study site because such reserves
aim to reconcile conservation with sustainable development. A
biosphere reserve should promote a range of local human activities,
together with development values that are in line spatially and
economically with the area conservation values, through use of a
zoning system. Moreover, GSKBB BR is an area with vast peatlands,
and is experiencing forest fires annually. Various factors were
analysed to assess the drivers of deforestation and forest degradation
in GSKBB BR; data were collected from focus group discussions
with stakeholders, key informant interviews with key stakeholders,
field observation and a literature review. Landsat satellite imagery was used to map forest-cover changes
for various periods. Analysis of landsat images, taken during the
period 2010-2014, revealed that within the non-protected area of core
zone, there was a trend towards decreasing peat swamp forest areas,
increasing land clearance, and increasing areas of community oilpalm
and rubber plantations. Fire was used for land clearing and most
of the forest fires occurred in the most populous area (the transition
area). The study found a relationship between the deforested/
degraded areas, and certain distance variables, i.e. distance from
roads, villages and the borders between the core area and the buffer
zone. The further the distance from the core area of the reserve, the
higher was the degree of deforestation and forest degradation. Research findings suggested that agricultural expansion may be
the direct cause of deforestation and forest degradation in the reserve,
whereas socio-economic factors were the underlying driver of forest
cover changes; such factors consisting of a combination of sociocultural,
infrastructural, technological, institutional (policy and governance), demographic (population pressure) and economic
(market demand) considerations. These findings indicated that local
factors/problems were the critical causes of deforestation and
degradation in GSKBB BR. This research therefore concluded that
reductions in deforestation and forest degradation in GSKBB BR
could be achieved through ‘local actor’-tailored approaches such as
community empowerment.
Abstract: This study analyzes the critical gaps in the
architecture of European stability and the expected role of the
banking union as the new important step towards completing the
Economic and Monetary Union that should enable the creation of
safe and sound financial sector for the euro area market. The single
rulebook together with the Single Supervisory Mechanism and the
Single Resolution Mechanism - as two main pillars of the banking
union, should provide a consistent application of common rules and
administrative standards for supervision, recovery and resolution of
banks – with the final aim of replacing the former bail-out practice
with the bail-in system through which possible future bank failures
would be resolved by their own funds, i.e. with minimal costs for
taxpayers and real economy. In this way, the vicious circle between
banks and sovereigns would be broken. It would also reduce the
financial fragmentation recorded in the years of crisis as the result of
divergent behaviors in risk premium, lending activities and interest
rates between the core and the periphery. In addition, it should
strengthen the effectiveness of monetary transmission channels, in
particular the credit channels and overflows of liquidity on the money
market which, due to the fragmentation of the common financial
market, has been significantly disabled in period of crisis. However,
contrary to all the positive expectations related to the future
functioning of the banking union, major findings of this study
indicate that characteristics of the economic system in which the
banking union will operate should not be ignored. The euro area is an
integration of strong and weak entities with large differences in
economic development, wealth, assets of banking systems, growth
rates and accountability of fiscal policy. The analysis indicates that
low and unbalanced economic growth remains a challenge for the
maintenance of financial stability and this problem cannot be
resolved just by a single supervision. In many countries bank assets
exceed their GDP by several times and large banks are still a matter
of concern, because of their systemic importance for individual
countries and the euro zone as a whole. The creation of the Single
Supervisory Mechanism and the Single Resolution Mechanism is a
response to the European crisis, which has particularly affected
peripheral countries and caused the associated loop between the
banking crisis and the sovereign debt crisis, but has also influenced
banks’ balance sheets in the core countries, as the result of crossborder
capital flows. The creation of the SSM and the SRM should
prevent the similar episodes to happen again and should also provide
a new opportunity for strengthening of economic and financial
systems of the peripheral countries. On the other hand, there is a
potential threat that future focus of the ECB, resolution mechanism
and other relevant institutions will be extremely oriented towards
large and significant banks (whereby one half of them operate in the
core and most important euro area countries), and therefore it remains
questionable to what extent will the common resolution funds will be used for rescue of less important institutions. Recent geopolitical
developments will be the optimal indicator to show whether the
previously established mechanisms are sufficient enough to maintain
the adequate financial stability in the euro area market.
Abstract: A flow column has been innovatively used in the
design of a new electrocoagulation reactor (ECR1) that will reduce
the temperature of water being treated; where the flow columns work
as a radiator for the water being treated. In order to investigate the
performance of ECR1 and compare it to that of traditional reactors;
600 mL water samples with an initial temperature of 350C were
pumped continuously through these reactors for 30 min at current
density of 1 mA/cm2. The temperature of water being treated was
measured at 5 minutes intervals over a 30 minutes period using a
thermometer. Additional experiments were commenced to investigate
the effects of initial temperature (15-350C), water conductivity (0.15
– 1.2 S) and current density (0.5 -3 mA/cm2) on the performance of
ECR1.
The results obtained demonstrated that the ECR1, at a current
density of 1 mA/cm2 and continuous flow model, reduced water
temperature from 350C to the vicinity of 280C during the first 15
minutes and kept the same level till the end of the treatment time.
While, the temperature increased from 28.1 to 29.80C and from 29.8
to 31.90C in the batch and the traditional continuous flow models
respectively. In term of initial temperature, ECR1 maintained the
temperature of water being treated within the range of 22 to 280C
without the need for external cooling system even when the initial
temperatures varied over a wide range (15 to 350C). The influent
water conductivity was found to be a significant variable that affect
the temperature. The desirable value of water conductivity is 0.6 S.
However, it was found that the water temperature increased rapidly
with a higher current density.
Abstract: Background: Muscle Energy Techniques (MET) have
been widely used by manual therapists over the past years, but still
limited research validated its use and there was limited evidence to
substantiate the theories used to explain its effects. Objective: To
investigate the effect of Muscle Energy Technique (MET) on anterior
pelvic tilt in patients with lumbar spondylosis. Design: Randomized
controlled trial. Subjects: Thirty patients with anterior pelvic tilt from
both sexes were involved, aged between 35 to 50 years old and they
were divided into MET and control groups with 15 patients in each.
Methods: All patients received 3sessions/week for 4 weeks where the
study group received MET, Ultrasound and Infrared, and the control
group received U.S and I.R only. Pelvic angle was measured by
palpation meter, pain severity by the visual analogue scale and
functional disabilities by the Oswestry disability index. Results: Both
groups showed significant improvement in all measured variables.
The MET group was significantly better than the control group in
pelvic angle, pain severity, and functional disability as p-value were
(0.001, 0.0001, 0.0001) respectively. Conclusion and implication: the
study group fulfilled greater improvement in all measured variables
than the control group which implies that application of MET in
combination with U.S and I.R were more effective in improving
pelvic tilting angle, pain severity and functional disabilities than
using electrotherapy only.