Abstract: Constructing a portfolio of investments is one of the
most significant financial decisions facing individuals and
institutions. In accordance with the modern portfolio theory
maximization of return at minimal risk should be the investment goal
of any successful investor. In addition, the costs incurred when
setting up a new portfolio or rebalancing an existing portfolio must
be included in any realistic analysis.
In this paper rebalancing an investment portfolio in the presence of
transaction costs on the Croatian capital market is analyzed. The
model applied in the paper is an extension of the standard portfolio
mean-variance optimization model in which transaction costs are
incurred to rebalance an investment portfolio. This model allows
different costs for different securities, and different costs for buying
and selling. In order to find efficient portfolio, using this model, first,
the solution of quadratic programming problem of similar size to the
Markowitz model, and then the solution of a linear programming
problem have to be found. Furthermore, in the paper the impact of
transaction costs on the efficient frontier is investigated. Moreover, it
is shown that global minimum variance portfolio on the efficient
frontier always has the same level of the risk regardless of the amount
of transaction costs. Although efficient frontier position depends of
both transaction costs amount and initial portfolio it can be concluded
that extreme right portfolio on the efficient frontier always contains
only one stock with the highest expected return and the highest risk.
Abstract: It is likely that robots will cross the boundaries of
industry into households over the next decades. With demographic
challenges worldwide, the future ageing populations will require the
introduction of assistive technologies capable of providing, care,
human dignity and quality of life through the aging process. Robotics
technology has a high potential for being used in the areas of social
and healthcare by promoting a wide range of activities such as
entertainment, companionship, supervision or cognitive and physical
assistance. However such close Human Robotics Interaction (HRI)
encompass a rich set of ethical scenarios that need to be addressed
before Socially Assistive Robots (SARs) reach the global markets.
Such interactions with robots may seem a worthy goal for many
technical/financial reasons but inevitably require close attention to
the ethical dimensions of such interactions. This article investigates
the current HRI benchmark of social success. It revises it according
to the ethical principles of beneficence, non-maleficence and justice
aligned with social care ethos. An extension of such benchmark is
proposed based on an empirical study of HRIs conducted with elderly
groups.
Abstract: One image is worth more than thousand words.
Images if analyzed can reveal useful information. Low level image
processing deals with the extraction of specific feature from a single
image. Now the question arises: What technique should be used to
extract patterns of very large and detailed image database? The
answer of the question is: “Image Mining”. Image Mining deals with
the extraction of image data relationship, implicit knowledge, and
another pattern from the collection of images or image database. It is
nothing but the extension of Data Mining. In the following paper, not
only we are going to scrutinize the current techniques of image
mining but also present a new technique for mining images using
Genetic Algorithm.
Abstract: In this letter, we explore exact solutions for the
Horava-Lifshitz gravity. We use of an extension of this theory with
first order dynamical lapse function. The equations of motion have
been derived in a fully consistent scenario. We assume that there
are some spherically symmetric families of exact solutions of this
extended theory of gravity. We obtain exact solutions and investigate
the singularity structures of these solutions. Specially, an exact
solution with the regular horizon is found.
Abstract: A novel hybrid model of the lumbar spine, allowing
fast static and dynamic simulations of the disc pressure
and the spine mobility, is introduced in this work. Our
contribution is to combine rigid bodies, deformable finite
elements, articular constraints, and springs into a unique model
of the spine. Each vertebra is represented by a rigid body
controlling a surface mesh to model contacts on the facet
joints and the spinous process. The discs are modeled using
a heterogeneous tetrahedral finite element model. The facet
joints are represented as elastic joints with six degrees of
freedom, while the ligaments are modeled using non-linear
one-dimensional elastic elements. The challenge we tackle
is to make these different models efficiently interact while
respecting the principles of Anatomy and Mechanics.
The mobility, the intradiscal pressure, the facet joint force and
the instantaneous center of rotation of the lumbar spine are
validated against the experimental and theoretical results of
the literature on flexion, extension, lateral bending as well as
axial rotation.
Our hybrid model greatly simplifies the modeling task and
dramatically accelerates the simulation of pressure within the
discs, as well as the evaluation of the range of motion and the
instantaneous centers of rotation, without penalizing precision.
These results suggest that for some types of biomechanical
simulations, simplified models allow far easier modeling and
faster simulations compared to usual full-FEM approaches
without any loss of accuracy.
Abstract: This work presents synthesis of α,ω-dithienyl
terminated poly(ethylene glycol) (PEGTh) capable for further chain
extension by either chemical or electrochemical polymeriztion.
PEGTh was characterized by FTIR and 1H-NMR. Further
copolymerization of PEGTh and pyrrole (Py) was performed by
chemical oxidative polymerization using ceric (IV) salt as an oxidant
(PPy-PEGTh). PEG without end group modification was used
directly to prepare copolymers with Py by Ce (IV) salt (PPy-PEG).
Block copolymers with mole ratio of pyrrole to PEGTh (PEG) 50:1
and 10:1 were synthesized. The electrical conductivities of
copolymers PPy-PEGTh and PPy-PEG were determined by four
point probe technique. Influence of the synthetic route and content of
the insulating segment on conductivity and yield of the copolymers
were investigated.
Abstract: Clustering involves the partitioning of n objects into k
clusters. Many clustering algorithms use hard-partitioning techniques
where each object is assigned to one cluster. In this paper we propose
an overlapping algorithm MCOKE which allows objects to belong to
one or more clusters. The algorithm is different from fuzzy clustering
techniques because objects that overlap are assigned a membership
value of 1 (one) as opposed to a fuzzy membership degree. The
algorithm is also different from other overlapping algorithms that
require a similarity threshold be defined a priori which can be
difficult to determine by novice users.
Abstract: The research was conducted to empirically validate
the proposed maturity model of e-Government implementation,
composed of four dimensions, further specified by 54 success factors
as attributes. To do so, there are two steps were performed. First,
expert’s judgment was conducted to test its content validity. The
second, reliability study was performed to evaluate inter-rater
agreement by using Fleiss Kappa approach. The kappa statistic
(kappa coefficient) is the most commonly used method for testing the
consistency among raters. Fleiss Kappa was a generalization of
Kappa in extensions to the case of more than two raters (multiple
raters) with multi-categorical ratings. Our findings show that most
attributes of the proposed model were related to their corresponding
dimensions. According to our results, The percentage of agree
answers given by the experts was 73.69% in dimension A, 89.76% in
B, 81.5% in C and 60.37% in D. This means that more than half of
the attributes of each dimensions were appropriate or relevant to the
dimensions they were supposed to measure, while 85% of attributes
were relevant enough to their corresponding dimensions. Inter-rater
reliability coefficient also showed satisfactory result and interpreted
as substantial agreement among raters. Therefore, the proposed
model in this paper was valid and reliable to measure the maturity of
e-Government implementation.
Abstract: Nowadays social media information, such as news,
links, images, or VDOs, is shared extensively. However, the
effectiveness of disseminating information through social media
lacks in quality: less fact checking, more biases, and several rumors.
Many researchers have investigated about credibility on Twitter, but
there is no the research report about credibility information on
Facebook. This paper proposes features for measuring credibility on
Facebook information. We developed the system for credibility on
Facebook. First, we have developed FB credibility evaluator for
measuring credibility of each post by manual human’s labelling. We
then collected the training data for creating a model using Support
Vector Machine (SVM). Secondly, we developed a chrome extension
of FB credibility for Facebook users to evaluate the credibility of
each post. Based on the usage analysis of our FB credibility chrome
extension, about 81% of users’ responses agree with suggested
credibility automatically computed by the proposed system.
Abstract: Existing methods of data mining cannot be applied on
spatial data because they require spatial specificity consideration, as
spatial relationships.
This paper focuses on the classification with decision trees, which
are one of the data mining techniques. We propose an extension of
the C4.5 algorithm for spatial data, based on two different approaches
Join materialization and Querying on the fly the different tables.
Similar works have been done on these two main approaches, the
first - Join materialization - favors the processing time in spite of
memory space, whereas the second - Querying on the fly different
tables- promotes memory space despite of the processing time.
The modified C4.5 algorithm requires three entries tables: a target
table, a neighbor table, and a spatial index join that contains the
possible spatial relationship among the objects in the target table and
those in the neighbor table. Thus, the proposed algorithms are applied
to a spatial data pattern in the accidentology domain.
A comparative study of our approach with other works of
classification by spatial decision trees will be detailed.
Abstract: Musculoskeletal injuries in school children could be
reduced improving trunk strength and hamstring flexibility. Low
levels of trunk muscle strength and hamstring flexibility may result in
acute and musculoskeletal chronic diseases. The Pilates Method can
be appropriate to improve these physical condition attributes and has
been rarely employed by this social group. On the other hand, it has
been shown that trunk strength and flexibility are different between
genders, but there is no evidence about the effect of exercise
programs designed to improve both items in school children.
Therefore the objective of this study was to measure the effect of a
six-week Pilates-based exercise program in 14 year old school
children trunk strength and hamstring flexibility, establishing
differences in gender. The sample was composed of 57 students
divided into experimental group (EG; n=30) and control group (CG;
n=27). Bench Trunk Curl test (BTC), Sörensen test and Toe-touch
test (TT) were used to measure dynamic muscular resistance in trunk
flexion, isometric strength in trunk extension and hamstring
flexibility, respectively. EG utilized the Pilates exercise program
during six-weeks (2 days/week, 55minutes/session). After this period
of training, EG improved trunk strength and hamstring flexibility
significantly but there were no significant differences within CG.
Although boys were better in BTC test and girls were better in TT
test, there were no significant differences between them.
Abstract: Access control is one of the most challenging issues
facing information security. Access control is defined as, the ability to
permit or deny access to a particular computational resource or digital
information by an unauthorized user or subject. The concept of usage
control (UCON) has been introduced as a unified approach to capture a
number of extensions for access control models and systems. In
UCON, an access decision is determined by three factors:
authorizations, obligations and conditions. Attribute mutability and
decision continuity are two distinct characteristics introduced by
UCON for the first time. An observation of UCON components
indicates that, the components are predefined and static. In this paper,
we propose a new and flexible model of usage control for the creation
and elimination of some of these components; for example new
objects, subjects, attributes and integrate these with the original
UCON model. We also propose a model for concurrent usage
scenarios in UCON.
Abstract: Web search engines are designed to retrieve and
extract the information in the web databases and to return dynamic
web pages. The Semantic Web is an extension of the current web in
which it includes semantic content in web pages. The main goal of
semantic web is to promote the quality of the current web by
changing its contents into machine understandable form. Therefore,
the milestone of semantic web is to have semantic level information
in the web. Nowadays, people use different keyword- based search
engines to find the relevant information they need from the web.
But many of the words are polysemous. When these words are
used to query a search engine, it displays the Search Result Records
(SRRs) with different meanings. The SRRs with similar meanings are
grouped together based on Word Sense Disambiguation (WSD). In
addition to that semantic annotation is also performed to improve the
efficiency of search result records. Semantic Annotation is the
process of adding the semantic metadata to web resources. Thus the
grouped SRRs are annotated and generate a summary which
describes the information in SRRs. But the automatic semantic
annotation is a significant challenge in the semantic web. Here
ontology and knowledge based representation are used to annotate
the web pages.
Abstract: The construction of a new airport or the extension of
an existing one requires massive investments and many times public
private partnerships were considered in order to make feasible such
projects. One characteristic of these projects is uncertainty with
respect to financial and environmental impacts on the medium to long
term. Another one is the multistage nature of these types of projects.
While many airport development projects have been a success, some
others have turned into a nightmare for their promoters.
This communication puts forward a new approach for airport
investment risk assessment. The approach takes explicitly into
account the degree of uncertainty in activity levels prediction and
proposes milestones for the different stages of the project for
minimizing risk. Uncertainty is represented through fuzzy dual theory
and risk management is performed using dynamic programming. An
illustration of the proposed approach is provided.
Abstract: The high Peak to Average Power Ratio (PAR) in Filter
Bank Multicarrier with Offset Quadrature Amplitude Modulation
(FBMC-OQAM) can significantly reduce power efficiency and
performance. In this paper, we address the problem of PAPR
reduction for FBMC-OQAM systems using Tone Reservation (TR)
technique. Due to the overlapping structure of FBMCOQAM signals,
directly applying TR schemes of OFDM systems to FBMC-OQAM
systems is not effective. We improve the tone reservation (TR)
technique by employing sliding window with Active Constellation
Extension for the PAPR reduction of FBMC-OQAM signals, called
sliding window tone reservation Active Constellation Extension
(SW-TRACE) technique. The proposed SW-TRACE technique uses
the peak reduction tones (PRTs) of several consecutive data
blocks to cancel the peaks of the FBMC-OQAM signal inside a
window, with dynamically extending outer constellation points in
active(data-carrying) channels, within margin-preserving constraints,
in order to minimize the peak magnitude. Analysis and simulation
results compared to the existing Tone Reservation (TR) technique for
FBMC/OQAM system. The proposed method SW-TRACE has better
PAPR performance and lower computational complexity.
Abstract: Poly(lactic acid) (PLA) is a biodegradable polymer
which has good mechanical properties, however, its brittleness limits
its usage especially in packaging materials. Therefore, in this work,
PLA based polyurethane films were prepared by synthesizing with
different types of isocyanates; methylene diisocyanate (MDI) and
hexamethylene diisocyanates (HDI). For this purpose, PLA based
polyurethane must have good strength and flexibility. Therefore,
polycaprolactone which has better flexibility were prepared with
PLA. An effective way to endow polylactic acid with toughness is
through chain-extension reaction of the polylactic acid pre-polymer
with polycaprolactone used as chain extender. Polyurethane prepared
from MDI showed brittle behaviour, while, polyurethane prepared
from HDI showed flexibility at same concentrations.
Abstract: Farmers are in need of regular and relevant information relating to new technologies. Production of extension materials has been found to be useful in facilitating the process. Extension materials help to provide information to reach large numbers of farmers quickly and economically. However, as good as extension materials are, previous materials produced are not used by farmers. The reasons for this include lack of involvement of farmers in the production of the extension materials, most of the extension materials are not relevant to the farmers’ environments, the agricultural extension agents lack capacity to prepare the materials, and many extension agents lack commitment. These problems led to this innovative capacity building of extension agents. This innovative approach involves five stages. The first stage is the diagnostic survey of farmers’ environment to collect useful information. The second stage is the development and production of draft extension materials. The third stage is the field testing and evaluation of draft materials by the same famers that were involved at the diagnostic stage. The fourth stage is the revision of the draft extension materials by incorporating suggestions from farmers. The fifth stage is the action plans. This process improves the capacity of agricultural extension agents in the preparation of extension materials and also promotes engagement of farmers and beneficiaries in the process. The process also makes farmers assume some level of ownership of the exercise and the extension materials.
Abstract: A Jet-stream airsail concept takes advantage of aerology
in order to fly without propulsion. Weather phenomena, especially jet
streams, are relatively permanent high winds blowing from west to
east, located at average altitudes and latitudes in both hemispheres.
To continuously extract energy from the jet-stream, the system is
composed of a propelled plane and a wind turbine interconnected by
a cable. This work presents the aerodynamic characteristics and the
behavior of the cable that links the two subsystems and transmits
energy from the turbine to the aircraft. Two ways of solving this
problem are explored: numerically and analytically. After obtaining
the optimal shape of the cross-section of the cable, its behavior
is analyzed as a 2D problem solved numerically and analytically.
Finally, a 3D extension could be considered by adding lateral forces.
The results of this work can be further used in the design process of
the overall system: aircraft-turbine.
Abstract: The stress-strain relationship of concrete under flexure is one of the essential parameters in assessing ultimate flexural strength capacity of RC beams. Currently, the concrete stress-strain curve in flexure is obtained by incorporating a constant scale-down factor of 0.85 in the uniaxial stress-strain curve. However, it was revealed that strain gradient would improve the maximum concrete stress under flexure and concrete stress-strain curve is strain gradient dependent. Based on the strain-gradient-dependent concrete stress-strain curve, the investigation of the combined effects of strain gradient and concrete strength on flexural strength of RC beams was extended to high strength concrete up to 100 MPa by theoretical analysis. As an extension and application of the authors’ previous study, a new flexural strength design method incorporating the combined effects of strain gradient and concrete strength is developed. A set of equivalent rectangular concrete stress block parameters is proposed and applied to produce a series of design charts showing that the flexural strength of RC beams are improved with strain gradient effect considered.
Abstract: The centre of rotation of the hip joint is needed for an
accurate simulation of the joint performance in many applications
such as pre-operative planning simulation, human gait analysis, and
hip joint disorders. In human movement analysis, the hip joint center
can be estimated using a functional method based on the relative
motion of the femur to pelvis measured using reflective markers
attached to the skin surface. The principal source of errors in
estimation of hip joint centre location using functional methods is
soft tissue artefacts due to the relative motion between the markers
and bone. One of the main objectives in human movement analysis is
the assessment of soft tissue artefact as the accuracy of functional
methods depends upon it. Various studies have described the
movement of soft tissue artefact invasively, such as intra-cortical
pins, external fixators, percutaneous skeletal trackers, and Roentgen
photogrammetry. The goal of this study is to present a non-invasive
method to assess the displacements of the markers relative to the
underlying bone using optical motion capture data and tissue
thickness from ultrasound measurements during flexion, extension,
and abduction (all with knee extended) of the hip joint. Results show
that the artefact skin marker displacements are non-linear and larger
in areas closer to the hip joint. Also marker displacements are
dependent on the movement type and relatively larger in abduction
movement. The quantification of soft tissue artefacts can be used as a
basis for a correction procedure for hip joint kinematics.