Abstract: Real options theory suggests that managerial flexibility embedded within irreversible investments can account for a significant value in project valuation. Although the argument has become the dominant focus of capital investment theory over decades, yet recent survey literature in capital budgeting indicates that corporate practitioners still do not explicitly apply real options in investment decisions. In this paper, we explore how real options decision criteria can be transformed into equivalent capital budgeting criteria under the consideration of uncertainty, assuming that underlying stochastic process follows a geometric Brownian motion (GBM), a mixed diffusion-jump (MX), or a mean-reverting process (MR). These equivalent valuation techniques can be readily decomposed into conventional investment rules and “option impacts", the latter of which describe the impacts on optimal investment rules with the option value considered. Based on numerical analysis and Monte Carlo simulation, three major findings are derived. First, it is shown that real options could be successfully integrated into the mindset of conventional capital budgeting. Second, the inclusion of option impacts tends to delay investment. It is indicated that the delay effect is the most significant under a GBM process and the least significant under a MR process. Third, it is optimal to adopt the new capital budgeting criteria in investment decision-making and adopting a suboptimal investment rule without considering real options could lead to a substantial loss in value.
Abstract: Radio frequency identification (RFID) applications have grown rapidly in many industries, especially in indoor location identification. The advantage of using received signal strength indicator (RSSI) values as an indoor location measurement method is a cost-effective approach without installing extra hardware. Because the accuracy of many positioning schemes using RSSI values is limited by interference factors and the environment, thus it is challenging to use RFID location techniques based on integrating positioning algorithm design. This study proposes the location estimation approach and analyzes a scheme relying on RSSI values to minimize location errors. In addition, this paper examines different factors that affect location accuracy by integrating the backpropagation neural network (BPN) with the LANDMARC algorithm in a training phase and an online phase. First, the training phase computes coordinates obtained from the LANDMARC algorithm, which uses RSSI values and the real coordinates of reference tags as training data for constructing an appropriate BPN architecture and training length. Second, in the online phase, the LANDMARC algorithm calculates the coordinates of tracking tags, which are then used as BPN inputs to obtain location estimates. The results show that the proposed scheme can estimate locations more accurately compared to LANDMARC without extra devices.
Abstract: Wikis are considered to be part of Web 2.0
technologies that potentially support collaborative learning and
writing. Wikis provide opportunities for multiple users to work on
the same document simultaneously. Most wikis have also a page for
written group discussion. Nevertheless, wikis may be used in
different ways depending on the pedagogy being used, and the
constraints imposed by the course design. This work explores
students- uses of wiki in teacher education. The analysis is based on a
taxonomy for classifying students- activities and actions carried out
on the wiki. The article also discusses the implications for using
wikis as collaborative writing tools in teacher education.
Abstract: The purpose of this research is to develop a security model for voice eavesdropping protection over digital networks. The proposed model provides an encryption scheme and a personal secret key exchange between communicating parties, a so-called voice data transformation system, resulting in a real-privacy conversation. The operation of this system comprises two main steps as follows: The first one is the personal secret key exchange for using the keys in the data encryption process during conversation. The key owner could freely make his/her choice in key selection, so it is recommended that one should exchange a different key for a different conversational party, and record the key for each case into the memory provided in the client device. The next step is to set and record another personal option of encryption, either taking all frames or just partial frames, so-called the figure of 1:M. Using different personal secret keys and different sets of 1:M to different parties without the intervention of the service operator, would result in posing quite a big problem for any eavesdroppers who attempt to discover the key used during the conversation, especially in a short period of time. Thus, it is quite safe and effective to protect the case of voice eavesdropping. The results of the implementation indicate that the system can perform its function accurately as designed. In this regard, the proposed system is suitable for effective use in voice eavesdropping protection over digital networks, without any requirements to change presently existing network systems, mobile phone network and VoIP, for instance.
Abstract: This paper presents a new stable robust adaptive controller and observer design for a class of nonlinear systems that contain i. Coupling of unmeasured states and unknown parameters ii. Unknown dead zone at the system actuator. The system is firstly cast into a modified form in which the observer and parameter estimation become feasible. Then a stable robust adaptive controller, state observer, parameter update laws are derived that would provide global adaptive system stability and desirable performance. To validate the approach, simulation was performed to a single-link mechanical system with a dynamic friction model and unknown dead zone exists at the system actuation. Then a comparison is presented with the results when there is no dead zone at the system actuation.
Abstract: Educational games (EG) seem to have lots of potential due to digital games popularity and preferences of our younger generations of learners. However, most studies focus on game design and its effectiveness while little has been known about the factors that can affect users to accept or to reject EG for their learning. User acceptance research try to understand the determinants of information systems (IS) adoption among users by investigating both systems factors and users factors. Upon the lack of knowledge on acceptance factors for educational games, we seek to understand the issue. This study proposed a model of acceptance factors based on Unified Theory of Acceptance and Use of Technology (UTAUT). We use original model (performance expectancy, effort expectancy and social influence) together with two new determinants (learning opportunities and enjoyment). We will also investigate the effect of gender and gaming experience that moderate the proposed factors.
Abstract: Agriculture is one of the single largest sectors of Bangladesh economy. Bangladesh is an agro based country and predominantly is an agrarian economy. It is the backbone of the economy of Bangladesh. Around 75% of the total population directly or indirectly depends on agriculture and near about 84% of the total population lives in rural areas almost depend on agriculture for livelihood. Agriculture includes the sub-sectors of crop, livestock, forestry and fisheries. The contribution of all sub sectors is around 22.83 percent to national GDP in 2003-2004. The crops sub sector alone contributes 12.94 percent of GDP.
Abstract: Analysis for the generalized thermoelastic Lamb
waves, which propagates in anisotropic thin plates in generalized
thermoelasticity, is presented employing normal mode expansion
method. The displacement and temperature fields are expressed by a
summation of the symmetric and antisymmetric thermoelastic modes
in the surface thermal stresses and thermal gradient free orthotropic
plate, therefore the theory is particularly appropriate for waveform
analyses of Lamb waves in thin anisotropic plates. The transient
waveforms excited by the thermoelastic expansion are analyzed for
an orthotropic thin plate. The obtained results show that the theory
provides a quantitative analysis to characterize anisotropic
thermoelastic stiffness properties of plates by wave detection. Finally
numerical calculations have been presented for a NaF crystal, and the
dispersion curves for the lowest modes of the symmetric and
antisymmetric vibrations are represented graphically at different
values of thermal relaxation time. However, the methods can be used
for other materials as well
Abstract: In this paper, a new reversible watermarking method is presented that reduces the size of a stereoscopic image sequence while keeping its content visible. The proposed technique embeds the residuals of the right frames to the corresponding frames of the left sequence, halving the total capacity. The residual frames may result in after a disparity compensated procedure between the two video streams or by a joint motion and disparity compensation. The residuals are usually lossy compressed before embedding because of the limited embedding capacity of the left frames. The watermarked frames are visible at a high quality and at any instant the stereoscopic video may be recovered by an inverse process. In fact, the left frames may be exactly recovered whereas the right ones are slightly distorted as the residuals are not embedded intact. The employed embedding method reorders the left frame into an array of consecutive pixel pairs and embeds a number of bits according to their intensity difference. In this way, it hides a number of bits in intensity smooth areas and most of the data in textured areas where resulting distortions are less visible. The experimental evaluation demonstrates that the proposed scheme is quite effective.
Abstract: The reliability of distributed systems and computer
networks have been modeled by a probabilistic network or a graph G.
Computing the residual connectedness reliability (RCR), denoted by
R(G), under the node fault model is very useful, but is an NP-hard
problem. Since it may need exponential time of the network size to
compute the exact value of R(G), it is important to calculate its tight
approximate value, especially its lower bound, at a moderate
calculation time. In this paper, we propose an efficient algorithm for
reliability lower bound of distributed systems with unreliable nodes.
We also applied our algorithm to several typical classes of networks
to evaluate the lower bounds and show the effectiveness of our
algorithm.
Abstract: Erwinia carotovora var. carotovora is the main cause of soft rot in potatoes. Hyphaene thebaica was studied for biocontrol of E. carotovora which inhibited growth of E. carotovora on solid medium, a comparative study of classical and ultrasound-assisted extractions of Hyphaene thebaica fruit. The use of ultrasound decreased significant the total time of treatment and increase the total amount of crude extract. The crude extract was subjected to determine the in vitro, by a bioassay technique revealed that the treatment of paper disks with ultrasound extraction of Hyphaene thebaica reduced the growth of pathogen and produced inhibition zones up to 38mm in diameter. The antioxidant activity of ultrasound-ethanolic extract of Doum fruits (Hyphaene thebaica) was determined. Data obtained showed that the extract contains the secondary metabolites such as Tannins, Saponin, Flavonoids, Phenols, Steroids, Terpenoids, Glycosides and Alkaloids.
Abstract: We describe a work with an evolutionary computing
algorithm for non photo–realistic rendering of a target image. The
renderings are produced by genetic programming. We have used two
different types of strokes: “empty triangle" and “filled triangle" in
color level. We compare both empty and filled triangular strokes to
find which one generates more aesthetic pleasing images. We found
the filled triangular strokes have better fitness and generate more
aesthetic images than empty triangular strokes.
Abstract: This paper presents a tested research concept that
implements a complex evolutionary algorithm, genetic algorithm
(GA), in a multi-microcontroller environment. Parallel Distributed
Genetic Algorithm (PDGA) is employed in adaptive beam forming
technique to reduce power usage of adaptive antenna at WCDMA
base station. Adaptive antenna has dynamic beam that requires more
advanced beam forming algorithm such as genetic algorithm which
requires heavy computation and memory space. Microcontrollers are
low resource platforms that are normally not associated with GAs,
which are typically resource intensive. The aim of this project was to
design a cooperative multiprocessor system by expanding the role of
small scale PIC microcontrollers to optimize WCDMA base station
transmitter power. Implementation results have shown that PDGA
multi-microcontroller system returned optimal transmitted power
compared to conventional GA.
Abstract: This paper deals with behavior and capacity of
punching shear force for flat slabs produced from steel fiber
reinforced self compacting concrete (SFRSCC) by application
nonlinear finite element method. Nonlinear finite element analysis on
nine slab specimens was achieved by using ANSYS software. A
general description of the finite element method, theoretical modeling
of concrete and reinforcement are presented. The nonlinear finite
element analysis program ANSYS is utilized owing to its capabilities
to predict either the response of reinforced concrete slabs in the post
elastic range or the ultimate strength of a flat slabs produced from
steel fiber reinforced self compacting concrete (SFRSCC). In order to
verify the analytical model used in this research using test results of
the experimental data, the finite element analysis were performed
then a parametric study of the effect ratio of flexural reinforcement,
ratio of the upper reinforcement, and volume fraction of steel fibers
were investigated. A comparison between the experimental results
and those predicted by the existing models are presented. Results and
conclusions may be useful for designers, have been raised, and
represented.
Abstract: This study defines a methodology to compute unitary costs for freight transportation modes. The main objective was to gather relevant costs data to support the formulation and evaluation of railway, road, pipelines and port projects. This article will concentrate on the following steps: Compilation and analysis of relevant modal cost studies, Methodological adjustments to make cost figures comparable between studies, Definition of typology and scope of transportation modes, Analysis and validation of cost values for relevant freight transportation modes in Chile. In order to define the comparison methodology for the costs between the different transportation modes, it was necessary to consider that the relevant cost depends on who performs the comparison. Thus, for the transportation user (e.g. exporter) the pertinent costs are the mode tariffs, whereas from the operators perspective (e.g. rail manager), the pertinent costs are the operating costs of each mode.
Abstract: This paper reports on the results of experimental investigations on the performance of a jet pump operated under selected primary flows to optimize the related parameters. For this purpose a two-phase flow jet pump was used employing various profiles of nozzles as the primary device which was designed, fabricated and used along with the combination of mixing tube and diffuser. The profiles employed were circular, conical, and elliptical. The diameter of the nozzle used was 4 mm. The area ratio of the jet pump was 0.16. The test facility created for this purpose was an open loop continuous circulation system. Performance of the jet pump was obtained as iso-efficiency curves on characteristic curves drawn for various water flow rates. To perform the suction capability, evacuation test was conducted at best efficiency point for all the profiles.
Abstract: Graph decompositions are vital in the study of
combinatorial design theory. A decomposition of a graph G is a
partition of its edge set. An n-sun graph is a cycle Cn with an edge
terminating in a vertex of degree one attached to each vertex. In this
paper, we define n-sun decomposition of some even order graphs
with a perfect matching. We have proved that the complete graph
K2n, complete bipartite graph K2n, 2n and the Harary graph H4, 2n have
n-sun decompositions. A labeling scheme is used to construct the n-suns.
Abstract: Multilevel inverters supplied from equal and constant
dc sources almost don-t exist in practical applications. The variation
of the dc sources affects the values of the switching angles required
for each specific harmonic profile, as well as increases the difficulty
of the harmonic elimination-s equations. This paper presents an
extremely fast optimal solution of harmonic elimination of multilevel
inverters with non-equal dc sources using Tanaka's fuzzy linear
regression formulation. A set of mathematical equations describing
the general output waveform of the multilevel inverter with nonequal
dc sources is formulated. Fuzzy linear regression is then
employed to compute the optimal solution set of switching angles.
Abstract: Over the past few years, XML (eXtensible Mark-up
Language) has emerged as the standard for information
representation and data exchange over the Internet. This paper
provides a kick-start for new researches venturing in XML databases
field. We survey the storage representation for XML document,
review the XML query processing and optimization techniques with
respect to the particular storage instance. Various optimization
technologies have been developed to solve the query retrieval and
updating problems. Towards the later year, most researchers
proposed hybrid optimization techniques. Hybrid system opens the
possibility of covering each technology-s weakness by its strengths.
This paper reviews the advantages and limitations of optimization
techniques.
Abstract: Sense-antisense gene pair (SAGP) is a pair of two oppositely transcribed genes sharing a common region on a chromosome. In the mammalian genomes, SAGPs can be organized in more complex sense-antisense gene architectures (CSAGA) in which at least one gene could share loci with two or more antisense partners. Many dozens of CSAGAs can be found in the human genome. However, CSAGAs have not been systematically identified and characterized in context of their role in human diseases including cancers. In this work we characterize the structural-functional properties of a cluster of 5 genes –TMEM97, IFT20, TNFAIP1, POLDIP2 and TMEM199, termed TNFAIP1 / POLDIP2 module. This cluster is organized as CSAGA in cytoband 17q11.2. Affymetrix U133A&B expression data of two large cohorts (410 atients, in total) of breast cancer patients and patient survival data were used. For the both studied cohorts, we demonstrate (i) strong and reproducible transcriptional co-regulatory patterns of genes of TNFAIP1/POLDIP2 module in breast cancer cell subtypes and (ii) significant associations of TNFAIP1/POLDIP2 CSAGA with amplification of the CSAGA region in breast cancer, (ii) cancer aggressiveness (e.g. genetic grades) and (iv) disease free patient-s survival. Moreover, gene pairs of this module demonstrate strong synergetic effect in the prognosis of time of breast cancer relapse. We suggest that TNFAIP1/ POLDIP2 cluster can be considered as a novel type of structural-functional gene modules in the human genome.