Abstract: In this paper, we provided a literature survey on the
artificial stock problem (ASM). The paper began by exploring the
complexity of the stock market and the needs for ASM. ASM
aims to investigate the link between individual behaviors (micro
level) and financial market dynamics (macro level). The variety of
patterns at the macro level is a function of the AFM complexity. The
financial market system is a complex system where the relationship
between the micro and macro level cannot be captured analytically.
Computational approaches, such as simulation, are expected to
comprehend this connection. Agent-based simulation is a simulation
technique commonly used to build AFMs. The paper proceeds by
discussing the components of the ASM. We consider the roles
of behavioral finance (BF) alongside the traditionally risk-averse
assumption in the construction of agent’s attributes. Also, the
influence of social networks in the developing of agents interactions is
addressed. Network topologies such as a small world, distance-based,
and scale-free networks may be utilized to outline economic
collaborations. In addition, the primary methods for developing
agents learning and adaptive abilities have been summarized.
These incorporated approach such as Genetic Algorithm, Genetic
Programming, Artificial neural network and Reinforcement Learning.
In addition, the most common statistical properties (the stylized facts)
of stock that are used for calibration and validation of ASM are
discussed. Besides, we have reviewed the major related previous
studies and categorize the utilized approaches as a part of these
studies. Finally, research directions and potential research questions
are argued. The research directions of ASM may focus on the macro
level by analyzing the market dynamic or on the micro level by
investigating the wealth distributions of the agents.
Abstract: Bloom’s Taxonomy has been changed during the
years. The idea of this writing is about the revision that has happened
in both facts and terms. It also contains case studies of using
cognitive Bloom’s taxonomy in teaching geometric solids to the
secondary school students, affective objectives in a creative
workshop for adults and psychomotor objectives in fixing a
malfunctioned refrigerator lamp. There is also pointed to the
important role of classification objectives in adult education as a way
to prevent memory loss.
Abstract: The use of engineered nanomaterials has increased as
a result of their positive impact on many sectors of the economy,
including agriculture. Silver nanoparticles (AgNPs) are now used to
enhance seed germination, plant growth, and photosynthetic quantum
efficiency and as antimicrobial agents to control plant diseases. In
this study, we examined the effect of AgNP dosage on the seed
germination of three plant species: corn (Zea mays L.), watermelon
(Citrullus lanatus [Thunb.] Matsum. & Nakai) and zucchini
(Cucurbita pepo L.). This experiment was designed to study the
effect of AgNPs on germination percentage, germination rate, mean
germination time, root length and fresh and dry weight of seedlings
for the three species. Seven concentrations (0.05, 0.1, 0.5, 1, 1.5, 2
and 2.5 mg/ml) of AgNPs were examined at the seed germination
stage. The three species had different dose responses to AgNPs in
terms of germination parameters and the measured growth
characteristics. The germination rates of the three plants were
enhanced in response to AgNPs. Significant enhancement of the
germination percentage values was observed after treatment of the
watermelon and zucchini plants with AgNPs in comparison with
untreated seeds. AgNPs showed a toxic effect on corn root
elongation, whereas watermelon and zucchini seedling growth were
positively affected by certain concentrations of AgNPs. This study
showed that exposure to AgNPs caused both positive and negative
effects on plant growth and germination.
Abstract: Sustainability is a very important and heavily
discussed subject, expanding through tourism as well. The study
proposition was to collect data and present it to the competent bodies
so they can mold their public policies to improve the conditions of
the site. It was hypothesized that the lack of data is currently
affecting the quality of life and the sustainable development of the
site and the tourism. The research was held in Mateiros, a city in the
state of Tocantins (TO)/Brasil near Palmas, its capital city. Because
of the concentration of tourists during the high season and several
tourist attractions being around, the research took place in Mateiros.
The methodological procedure had a script of theoretical construction
and investigation of the deductive scientific method parameters
through a case study in the Jalapão/TO/Brazil region, using it as a
tool for a questionnaire given to the competent bodies in an interview
system with the UN sustainability indexes as a base. In the three
sustainable development scope: environmental, social and economic,
the results indicated that the data presented by the interviewed were
scarce or nonexistent. It shows that more research is necessary,
providing the tools for the ones responsible to propose action plans to
improve the site, strengthening the tourism and making it even more
sustainable.
Abstract: Plants can contain a wide variety of substances with
antioxidative properties which are associated with important health
benefits. These positive health effects are of great importance at a
time when the environment is laden with many toxic substances. Five
selected herbal plants namely, Mimosa pudica, Phyllanthus niruri,
Ceiba pentandra, Eleusine polydactyla and Trema amboinensi, were
chosen for the experiment to investigate their total phenolics content
and antioxidant activities using ABTS radical cation decolorization
power, and ferric reducing antioxidant power. The total phenolic
content of each herbal plants ranges from 0.84 to 42.59 mg gallic acid
equivalent/g. The antioxidant activity in the ABTS radical cation
decolorization power varies from 0.005 to 0.362 mg trolox
equivalent/g and the FRAP ranges from 0.30 to 28.42 mg gallic acid
equivalent/g. Among the five medicinal plants, Mimosa pudica has
been an excellent performer in terms of the 3 parameters measured; it
is followed by Phyllanthus niruri. The 5 herbal plants do not have
equivalent antioxidant power. The relative high values for M. pudica
and P. niruri supports the medicinal value of both plants. The total
phenolics, ABTS and FRAP correlate strongly with one another.
Abstract: In developing countries, one of the most important
restrictions about the economic growth is the lack of national savings
which are supposed to finance the investments. In order to overcome
this restriction and achieve the higher rate of economic growth by
increasing the level of output, countries choose the external
borrowing. However, there is a dispute in the literature over the
correlation between external debt and economic growth. The aim of
this study is to examine the effects of external debt on Turkish
economic growth by using VAR analysis with the quarterly data over
the period of 2002:01-2014:04. In this respect, Johansen
Cointegration Test, Impulse- Response Function and Variance
Decomposition Tests will be used for analyses. Empirical findings
show that there is no cointegration in the long run.
Abstract: Nowadays, technological progress is one of the most
important components of economic growth and the efficiency of
R&D activities is particularly essential for countries. This study is an
attempt to analyze the R&D efficiencies of EU countries. The
indicators related to R&D efficiencies should be determined in
advance in order to use DEA. For this reason a list of input and
output indicators are derived from the literature review. Considering
the data availability, a final list is given for the numerical analysis for
future research.
Abstract: In recent years, fire accidents have been steadily
increased and the amount of property damage caused by the accidents
has gradually raised. Damaging building structure, fire incidents bring
about not only such property damage but also strength degradation and
member deformation. As a result, the building structure undermines its
structural ability. Examining the degradation and the deformation is
very important because reusing the building is more economical than
reconstruction. Therefore, engineers need to investigate the strength
degradation and member deformation well, and make sure that they
apply right rehabilitation methods. This study aims at evaluating
deformation characteristics of fire damaged and rehabilitated normal
strength concrete beams through both experiments and finite element
analyses. For the experiments, control beams, fire damaged beams and
rehabilitated beams are tested to examine deformation characteristics.
Ten test beam specimens with compressive strength of 21MPa are
fabricated and main test variables are selected as cover thickness of
40mm and 50mm and fire exposure time of 1 hour or 2 hours. After
heating, fire damaged beams are air-recurred for 2 months and
rehabilitated beams are repaired with polymeric cement mortar after
being removed the fire damaged concrete cover. All beam specimens
are tested under four points loading. FE analyses are executed to
investigate the effects of main parameters applied to experimental
study. Test results show that both maximum load and stiffness of the
rehabilitated beams are higher than those of the fire damaged beams.
In addition, predicted structural behaviors from the analyses also show
good rehabilitation effect and the predicted load-deflection curves are
similar to the experimental results. For the further, the proposed
analytical method can be used to predict deformation characteristics of
fire damaged and rehabilitated concrete beams without suffering from
time and cost consuming of experimental process.
Abstract: The causality between energy consumption and
economic growth has been an important issue in the economic
literature. This paper studies the causal relationship between
electricity consumption and economic growth in Mexico for the
period of 1971-2011. In so doing, unit root and causality tests are
applied. The results show that energy consumption and economic
growth series are stationary and there is also a causality relationship
running from economic growth to electricity consumption. Therefore,
any energy conservation policy would have little or no impact at all
on economic growth in México.
Abstract: Psychopathic disorders are taking an important part in
judge sentencing, especially in Canada. First, we will see how this
phenomenon can be illustrated by the high proportion of psychopath
offenders incarcerated in North American prisons. Many decisions in
Canadians courtrooms seem to point out that psychopathy is often
used as a strong argument by the judges to preserve public safety.
The fact that psychopathy is often associated with violence,
recklessness and recidivism, could explain why many judges consider
psychopathic disorders as an aggravating factor. Generally, the judge
reasoning is based on Article 753 of Canadian Criminal Code related
to dangerous offenders, which is used for individuals who show a
pattern of repetitive and persistent aggressive behaviour. Then we
will show how, with cognitive neurosciences, the psychopath’s
situation in courtrooms would probably change. Cerebral imaging
and news data provided by the neurosciences show that emotional
and volitional functions in psychopath’s brains are impaired.
Understanding these new issues could enable some judges to
recognize psychopathic disorders as a mitigating factor. Finally, two
important questions ought to be raised in this article: can exploring
psychopaths ‘brains really change the judge sentencing in Canadian
courtrooms? If yes, can judges consider psychopathy more as a
mitigating factor than an aggravating factor?
Abstract: DNA Barcode provides good sources of needed
information to classify living species. The classification problem has
to be supported with reliable methods and algorithms. To analyze
species regions or entire genomes, it becomes necessary to use the
similarity sequence methods. A large set of sequences can be
simultaneously compared using Multiple Sequence Alignment which
is known to be NP-complete. However, all the used methods are still
computationally very expensive and require significant computational
infrastructure. Our goal is to build predictive models that are highly
accurate and interpretable. In fact, our method permits to avoid the
complex problem of form and structure in different classes of
organisms. The empirical data and their classification performances
are compared with other methods. Evenly, in this study, we present
our system which is consisted of three phases. The first one, is called
transformation, is composed of three sub steps; Electron-Ion
Interaction Pseudopotential (EIIP) for the codification of DNA
Barcodes, Fourier Transform and Power Spectrum Signal Processing.
Moreover, the second phase step is an approximation; it is
empowered by the use of Multi Library Wavelet Neural Networks
(MLWNN). Finally, the third one, is called the classification of DNA
Barcodes, is realized by applying the algorithm of hierarchical
classification.
Abstract: This paper is based on a large questionnaire study. The
paper presents how all participants and subgroups (upper- and
lower-level white-collar workers) answered the question, “Have you
had an ache, pain, or numbness, which you associate with desktop
computer use, in the different body parts during the last 12 months?’
14.6% of participants (19.4% of women and 8.2% of men) reported
that they had often or very often physical symptoms in the neck. Even
if our results cannot prove a causal relation of symptoms with
computer use, show that workers believe that computer use can
influence their wellbeing: this is important when devising treatment
modalities to decrease these physical symptoms.
Abstract: The purpose of the paper is to address the strategic
risk issues surrounding Hindi film distribution in Mumbai for a film
distributor, who acts as an entrepreneur when launching a product
(movie) in the market (film territory).The paper undertakes a
fundamental review of films and risk in the Hindi film industry and
applies Grounded Theory technique to understand the complex
phenomena of risk taking behavior of the film distributors (both
independent and studios) in Mumbai. Rich in-depth interviews with
distributors are coded to develop core categories through constant
comparison leading to conceptualization of the phenomena of
interest. This paper is a first-of-its-kind-attempt to understand risk
behavior of a distributor, which is akin to entrepreneurial risk
behavior under conditions of uncertainty.
Abstract: This study utilizes a frequency domain approach over
the period of 1996 to 2013 to examine the causal relationship between
governance and economic growth in ten Asian countries, which have
different levels of democracy; classified as “Free”, “Partly Free”, and
“Not Free” countries. The empirical results show that there is no
Granger causality running from governance to economic growth in
“Not Free” countries and “Partly Free” countries with the exception of
Singapore. As for “Free” countries such as South Korea and Taiwan,
there is a one-way causality running from governance to economic
growth. The findings of this study indicate that policy makers in South
Korea, Taiwan, and Singapore could use governance index to improve
their predictions of the future economic growth.
Abstract: The economic use and ease of construction of profiled
deck composite slab is marred with the complex and un-economic
strength verification required for the serviceability and general safety
considerations. Beside these, albeit factors such as shear span length,
deck geometries and mechanical frictions greatly influence the
longitudinal shear strength, that determines the ultimate strength of
profiled deck composite slab, and number of methods available for its
determination; partial shear and slope-intercept are the two methods
according to Euro-code 4 provision. However, the complexity
associated with shear behavior of profiled deck composite slab, the
use of these methods in determining the load carrying capacities of
such slab yields different and conflicting values. This couple with the
time and cost constraint associated with the strength verification is a
source of concern that draws more attentions nowadays, the issue is
critical. Treating some of these known shear strength influencing
factors as random variables, the load carrying capacity violation of
profiled deck composite slab from the use of the two-methods
defined according to Euro-code 4 are determined using reliability
approach, and comparatively studied. The study reveals safety values
from the use of m-k method shows good standing compared with that
from the partial shear method.
Abstract: The aim of the present study is to detect the chaotic
behavior in monetary economic relevant dynamical system. The
study employs three different forms of Taylor rules: current, forward,
and backward looking. The result suggests the existence of the
chaotic behavior in all three systems. In addition, the results strongly
represent that using expectations in policy rule especially rational
expectation hypothesis can increase complexity of the system and
leads to more chaotic behavior.
Abstract: The efficient and economic allocation of resources is
one main goal in the field of production planning and control.
Nowadays, a new variable gains in importance throughout the
planning process: Energy. Energy-efficiency has already been widely
discussed in literature, but with a strong focus on reducing the overall
amount of energy used in production. This paper provides a brief
systematic approach, how energy-supply-orientation can be used for
an energy-cost-efficient production planning and thus combining the
idea of energy-efficiency and energy-flexibility.
Abstract: Research Objectives: The roles and activities of
Human Resource Management (HRM) have changed a lot in the past
years. Driven by a changing environment and therefore new business
requirements, the scope of human resource (HR) activities has
widened. The extent to which these activities should focus on
strategic issues to support the long term success of a company has
been discussed in science for many years. As many economies of
Central and Eastern Europe (CEE) experienced a phase of transition
after the socialist era and are now recovering from the 2008 global
crisis it is needed to examine the current state of HR positioning.
Furthermore a trend in HR work developing from rather
administrative units to being strategic partners of management can be
noticed. This leads to the question of better understanding the
underlying competencies which are necessary to support
organisations. This topic was addressed by the international study
“HR Competencies in international comparison”. The quantitative
survey was conducted by the Institute for Human Resources &
Organisation of FHWien University of Applied Science of WKW (A)
in cooperation with partner universities in the countries Bosnia-
Herzegovina, Croatia, Serbia and Slovenia. Methodology: Using the
questionnaire developed by Dave Ulrich we tested whether the HR
Competency model can be used for Austria, Bosnia and Herzegovina,
Croatia, Serbia and Slovenia. After performing confirmatory and
exploratory factor analysis for the whole data set containing all five
countries we could clearly distinguish between four competencies. In
a further step our analysis focused on median and average
comparisons between the HR competency dimensions. Conclusion:
Our literature review, in alignment with other studies, shows a
relatively rapid pace of development of HR Roles and HR
Competencies in BCSS in the past decades. Comparing data from
BCSS and Austria we still can notice that regards strategic orientation
there is a lack in BCSS countries, thus competencies are not as
developed as in Austria. This leads us to the tentative conclusion that
HR has undergone a rapid change but is still in a State of Transition
from being a rather administrative unit to performing the role of a
strategic partner.
Abstract: This paper describes a novel sensor device, a pressure
pulse wave meter, which uses a bidirectional condenser microphone.
The microphone work as a microphone as well as a sensor with high
gain over a wide frequency range; they are also highly reliable and
economic. Currently aging is becoming a serious social issue in Japan causing
increased medical expenses in the country. Hence, it is important for
elderly citizens to check health condition at home, and to care the
health conditions through daily monitoring. Given this circumstances,
we developed a novel pressure pulse wave meter based on a
bidirectional condenser microphone: this device is used as a measuring
instrument of health conditions.
Abstract: In this paper, we explore the macroeconomic effects
of the European Single Market on Austria by simulating the
McKibbin-Sachs Global Model. Global interdependences and the
impact of long-run effects on short-run adjustments are taken into
account. We study the sensitivity of the results with respect to
different assumptions concerning monetary and fiscal policies for the
countries and regions of the world economy. The consequences of
different assumptions about budgetary policies in Austria are also
investigated. The simulation results are contrasted with ex-post
evaluations of the actual impact of Austria’s membership in the
Single Market. As a result, it can be concluded that the Austrian
participation in the European Single Market entails considerable
long-run gains for the Austrian economy with nearly no adverse sideeffects
on any macroeconomic target variable.