Abstract: Using Turkish data, in this study it is investigated that
whether a firm’s ownership structure has an impact on its stock
prices after the crisis. A linear regression model is conducted on the
data of non-financial firms that are trading in Istanbul Stock
Exchange 100 Index (ISE 100) index. The findings show that, all
explanatory variables such as inside ownership, largest ownership,
concentrated ownership, foreign shareholders, family controlled and
dispersed ownership are not very important to explain stock prices
after the crisis. Family controlled firms and concentrated ownership
is positively related to stock price, dispersed ownership, largest
ownership, foreign shareholders, and inside ownership structures
have negative interaction between stock prices, but because of the p
value is not under the value of 0.05 this relation is not significant. In
addition, the analysis shows that, the shares of firms that have inside,
largest and dispersed ownership structure are outperform comparing
with the other firms. Furthermore, ownership concentrated firms
outperform to family controlled firms.
Abstract: Eukaryotic protein-coding genes are interrupted by spliceosomal introns, which are removed from the RNA transcripts before translation into a protein. The exon-intron structures of different eukaryotic species are quite different from each other, and the evolution of such structures raises many questions. We try to address some of these questions using statistical analysis of whole genomes. We go through all the protein-coding genes in a genome and study correlations between the net length of all the exons in a gene, the number of the exons, and the average length of an exon. We also take average values of these features for each chromosome and study correlations between those averages on the chromosomal level. Our data show universal features of exon-intron structures common to animals, plants, and protists (specifically, Arabidopsis thaliana, Caenorhabditis elegans, Drosophila melanogaster, Cryptococcus neoformans, Homo sapiens, Mus musculus, Oryza sativa, and Plasmodium falciparum). We have verified linear correlation between the number of exons in a gene and the length of a protein coded by the gene, while the protein length increases in proportion to the number of exons. On the other hand, the average length of an exon always decreases with the number of exons. Finally, chromosome clustering based on average chromosome properties and parameters of linear regression between the number of exons in a gene and the net length of those exons demonstrates that these average chromosome properties are genome-specific features.
Abstract: This paper studies ruin probabilities in two discrete-time
risk models with premiums, claims and rates of interest modelled by
three autoregressive moving average processes. Generalized Lundberg
inequalities for ruin probabilities are derived by using recursive
technique. A numerical example is given to illustrate the applications
of these probability inequalities.
Abstract: This study examines the influence of information
transparency and corporate governance on purchase directors and
officers liability (D&O) insurance decisions. The results show that
companies with greater information transparency have significant
demand for D&O insurance. Greater transparency in voluntary
disclosures is significantly and positively associated with demand for
insurance, indicating that increasing the degree of information
disclosure reduces information asymmetry for insurers, which
stimulates their willingness to provide greater protection.
Analysis of insured and uninsured subsamples indicates that
uninsured companies have superior corporate governance compared to
insured companies. Although insured companies tend to have weaker
corporate governance structures, they appoint Big 4 firms or industry
experts to compensate for the weakness of their corporate governance.
Empirical results indicate that purchasing D&O insurance can
strengthen external corporate governance and increase companies’
willingness to voluntarily provide more transparent information.
Abstract: Experimental investigation has been carried out
towards understanding the complex fluid dynamics involved in the
interaction of vortical structures with zero pressure gradient boundary
layer. A laminar boundary layer is produced on the flat plate placed
in the water flume and the synthetic jet actuator is deployed on top of
the plate at a definite distance from the leading edge. The synthetic
jet actuator has been designed in such a way that the to and fro
motion of the diaphragm is maneuvered at will by varying the
operating parameters to produce the typical streamwise vortical
structures namely hairpin and tilted vortices. PIV measurements are
made on the streamwise plane normal to the plate to evaluate their
interaction with the near wall fluid.
Abstract: In this paper we introduce an efficient solution
method for the Eigen-decomposition of bisymmetric and per
symmetric matrices of symmetric structures. Here we decompose
adjacency and Laplacian matrices of symmetric structures to submatrices
with low dimension for fast and easy calculation of
eigenvalues and eigenvectors. Examples are included to show the
efficiency of the method.
Abstract: Residual dye contents in textile dyeing wastewater have complex aromatic structures that are resistant to degrade in biological wastewater treatment. The objectives of this study were to determine the effectiveness of nanoscale zerovalent iron (NZVI) to decolorize Reactive Black 5 (RB5) and Reactive Red 198 (RR198) in synthesized wastewater and to investigate the effects of the iron particle size, iron dosage and solution pHs on the destruction of RB5 and RR198. Synthesized NZVI was confirmed by transmission electron microscopy (TEM), X-ray diffraction (XRD), and X-ray photoelectron spectroscopy (XPS). The removal kinetic rates (kobs) of RB5 (0.0109 min-1) and RR198 (0.0111 min-1) by 0.5% NZVI were many times higher than those of microscale zerovalent iron (ZVI) (0.0007 min-1 and 0.0008 min-1, respectively). The iron dosage increment exponentially increased the removal efficiencies of both RB5 and RR198. Additionally, lowering pH from 9 to 5 increased the decolorization kinetic rates of both RB5 and RR198 by NZVI. The destruction of azo bond (N=N) in the chromophore of both reactive dyes led to decolorization of dye solutions.
Abstract: Parallel Prefix addition is a technique for improving
the speed of binary addition. Due to continuing integrating intensity
and the growing needs of portable devices, low-power and highperformance
designs are of prime importance. The classical parallel
prefix adder structures presented in the literature over the years
optimize for logic depth, area, fan-out and interconnect count of logic
circuits. In this paper, a new architecture for performing 8-bit, 16-bit
and 32-bit Parallel Prefix addition is proposed. The proposed prefix
adder structures is compared with several classical adders of same
bit width in terms of power, delay and number of computational
nodes. The results reveal that the proposed structures have the least
power delay product when compared with its peer existing Prefix
adder structures. Tanner EDA tool was used for simulating the adder
designs in the TSMC 180 nm and TSMC 130 nm technologies.
Abstract: Owing to the stringent environmental legislations,
CO2 capture and sequestration is one of the viable solutions to reduce
the CO2 emissions from various sources. In this context, Ionic liquids
(ILs) are being investigated as suitable absorption media for CO2
capture. Due to their non-evaporative, non-toxic, and non-corrosive
nature, these ILs have the potential to replace the existing solvents
like aqueous amine solutions for CO2 separation technologies. Thus,
the present work aims at studying the important aspects such as the
interactions of CO2 molecule with different anions (F-, Br-, Cl-, NO3
-,
BF4
-, PF6
-, Tf2N-, and CF3SO3
-) that are commonly used in ILs
through molecular modeling. In this, the minimum energy structures
have been obtained using Ab initio based calculations at MP2
(Moller-Plesset perturbation) level. Results revealed various degrees
of distortion of CO2 molecule (from its linearity) with the anions
studied, most likely due to the Lewis acid-base interactions between
CO2 and anion. Furthermore, binding energies for the anion-CO2
complexes were also calculated. The implication of anion-CO2
interactions to the solubility of CO2 in ionic liquids is also discussed.
Abstract: In this study, we examine multiple algebras and
algebraic structures derived from them and by stating a theory on
multiple algebras; we will show that the theory of multiple algebras
is a natural extension of the theory of universal algebras. Also, we
will treat equivalence relations on multiple algebras, for which the
quotient constructed modulo them is a universal algebra and will
study the basic relation and the fundamental algebra in question.
In this study, by stating the characteristic theorem of multiple
algebras, we show that the theory of multiple algebras is a natural
extension of the theory of universal algebras.
Abstract: In recent years asymmetric cross section aluminum
alloy stock has been finding increasing use in various industrial manufacturing areas such as general structures and automotive
components. In these areas, components are generally required to have
complex curved configuration and, as such, a bending process is required during manufacture. Undesirable deformation in bending
processes such as flattening or wrinkling can easily occur when thin-walled sections are bent. Hence, a thorough understanding of the
bending behavior of such sections is needed to prevent these undesirable deformations. In this study, the bending behavior of
asymmetric channel section was examined using finite element analysis (FEA). Typical methods of preventing undesirable
deformation, such as asymmetric laminated elastic mandrels were included in FEA model of draw bending. Additionally, axial tension
was applied to prevent wrinkling. By utilizing the FE simulations effect of restriction dies and axial tension on undesirable deformation during the process was clarified.
Abstract: Computing and maintaining network structures for efficient
data aggregation incurs high overhead for dynamic events
where the set of nodes sensing an event changes with time. Moreover,
structured approaches are sensitive to the waiting time that is used
by nodes to wait for packets from their children before forwarding
the packet to the sink. An optimal routing and data aggregation
scheme for wireless sensor networks is proposed in this paper. We
propose Tree on DAG (ToD), a semistructured approach that uses
Dynamic Forwarding on an implicitly constructed structure composed
of multiple shortest path trees to support network scalability. The key
principle behind ToD is that adjacent nodes in a graph will have
low stretch in one of these trees in ToD, thus resulting in early
aggregation of packets. Based on simulations on a 2,000-node Mica2-
based network, we conclude that efficient aggregation in large-scale
networks can be achieved by our semistructured approach.
Abstract: In the competitive environment of aircraft industries it becomes absolutely necessary to improve the efficiency, performance of the aircrafts to reduce the development and operating costs considerably, in order to capitalize the market. An important contribution to improve the efficiency and performance can be
achieved by decreasing the aircraft weight through considerable
usage of composite materials in primary aircraft structures. In this study, a type of composite material called Carbon Fiber Reinforced
Plastic (CFRP) is explored for the usage is aircraft skin panels. Even
though there were plenty of studies and research has been already
carried out, here a practical example of an aircraft skin panel is taken
and substantiated the benefits of composites material usage over the
metallic skin panel. A crown skin panel of a commercial aircraft is
designed using both metal and composite materials. Stress analysis
has been carried out for both and margin of safety is estimated for the
critical load cases. The skin panels are compared for manufacturing,
tooling, assembly and cost parameters. Detail step by step comparison between metal and composite constructions are studied
and results are tabulated for better understanding.
Abstract: The importance of nurturing, accumulating, and efficiently deploying knowledge resources through formal structures and organisational mechanisms is well understood. Recent trends in knowledge management (KM) highlight that the effective creation and transfer of knowledge can also rely upon extra-organisational channels, such as, informal networks. The perception exists that the role of informal networks in knowledge creation and performance has been underestimated in the organisational context. Literature indicates that many managers fail to comprehend and successfully exploit the potential role of informal networks to create value for their organisations. This paper investigates: 1) whether managers share work-specific knowledge with informal contacts within and outside organisational boundaries; and 2) what do they think is the importance of this knowledge collaboration in their learning and work outcomes.
Abstract: The need to evaluate and understand the natural
drainage pattern in a flood prone, and fast developing environment is
of paramount importance. This information will go a long way to
help the town planners to determine the drainage pattern, road
networks and areas where prominent structures are to be located. This
research work was carried out with the aim of studying the Bayelsa
landscape topography using digitized topographic information, and to
model the natural drainage flow pattern that will aid the
understanding and constructions of workable drainages. To achieve
this, digitize information of elevation and coordinate points were
extracted from a global imagery map. The extracted information was
modeled into 3D surfaces. The result revealed that the average
elevation for Bayelsa State is 12 m above sea level. The highest
elevation is 28 m, and the lowest elevation 0 m, along the coastline.
In Yenagoa the capital city of Bayelsa were a detail survey was
carried out showed that average elevation is 15 m, the highest
elevation is 25 m and lowest is 3 m above the mean sea level. The
regional elevation in Bayelsa, showed a gradation decrease from the
North Eastern zone to the South Western Zone. Yenagoa showed an
observed elevation lineament, were low depression is flanked by high
elevation that runs from the North East to the South west. Hence,
future drainages in Yenagoa should be directed from the high
elevation, from South East toward the North West and from the
North West toward South East, to the point of convergence which is
at the center that flows from South East toward the North West.
Bayelsa when considered on a regional Scale, the flow pattern is from
the North East to the South West, and also North South. It is
recommended that in the event of any large drainage construction at
municipal scale, it should be directed from North East to the South
West or from North to South. Secondly, detail survey should be
carried out to ascertain the local topography and the drainage pattern
before the design and construction of any drainage system in any part
of Bayelsa.
Abstract: Plastic waste is a big issue in Thailand, but the amount of recycled plastic in Thailand is still low due to the high investment and operating cost. Hence, the rest of plastic waste are burnt to destroy or sent to the landfills. In order to be financial viable, an effective reverse logistics infrastructure is required to support the product recovery activities. However, there is a conflict between reducing the cost and raising environmental protection level. The purpose of this study is to build a goal programming (GP) so that it can be used to help analyze the proper planning of the Thailand-s plastic recycling system that involves multiple objectives. This study considers three objectives; reducing total cost, increasing the amount of plastic recovery, and raising the desired plastic materials in recycling process. The results from two priority structures show that it is necessary to raise the total cost budget in order to achieve targets on amount of recycled plastic and desired plastic materials.
Abstract: In this paper a new method for increasing the speed of
SAGCM-APD is proposed. Utilizing carrier rate equations in
different regions of the structure, a circuit model for the structure is
obtained. In this research, in addition to frequency response, the
effect of added new charge layer on some transient parameters like
slew-rate, rising and falling times have been considered. Finally, by
trading-off among some physical parameters such as different layers
widths and droppings, a noticeable decrease in breakdown voltage
has been achieved. The results of simulation, illustrate some features
of proposed structure improvement in comparison with conventional
SAGCM-APD structures.
Abstract: Proper orthogonal decomposition (POD) is used to reconstruct spatio-temporal data of a fully developed turbulent channel flow with density variation at Reynolds number of 150, based on the friction velocity and the channel half-width, and Prandtl number of 0.71. To apply POD to the fully developed turbulent channel flow with density variation, the flow field (velocities, density, and temperature) is scaled by the corresponding root mean square values (rms) so that the flow field becomes dimensionless. A five-vector POD problem is solved numerically. The reconstructed second-order moments of velocity, temperature, and density from POD eigenfunctions compare favorably to the original Direct Numerical Simulation (DNS) data.
Abstract: In this work we study the reflection of circularly
polarised light from a nano-structured biological material found in
the exocuticle of scarabus beetles. This material is made of a stack
of ultra-thin (~5 nm) uniaxial layers arranged in a left-handed
helicoidal stack, which resonantly reflects circularly polarized light.
A chirp in the layer thickness combined with a finite absorption
coefficient produce a broad smooth reflectance spectrum. By
comparing model calculations and electron microscopy with
measured spectra we can explain our observations and quantify most
relevant structural parameters.
Abstract: Multifunctional structures are a potentially disruptive
technology that allows for significant mass savings on spacecraft.
The specific concept addressed herein is that of a multifunctional
power structure. In this paper, a parametric optimisation of the
design of such a structure that uses commercially available battery
cells is presented. Using numerical modelling, it was found that there
exists several trade-offs aboutthe conflict between the capacity of the
panel and its mechanical properties. It was found that there is no
universal optimal location for the cells. Placing them close to the
mechanical interfaces increases loading in the mechanically weak
cells whereas placing them at the centre of the panel increases the
stress inthe panel and reduces the stiffness of the structure.