Abstract: Due to the increasing and varying risks that economic units face with, derivative instruments gain substantial importance, and trading volumes of derivatives have reached very significant level. Parallel with these high trading volumes, researchers have developed many different models. Some are parametric, some are nonparametric. In this study, the aim is to analyse the success of artificial neural network in pricing of options with S&P 100 index options data. Generally, the previous studies cover the data of European type call options. This study includes not only European call option but also American call and put options and European put options. Three data sets are used to perform three different ANN models. One only includes data that are directly observed from the economic environment, i.e. strike price, spot price, interest rate, maturity, type of the contract. The others include an extra input that is not an observable data but a parameter, i.e. volatility. With these detail data, the performance of ANN in put/call dimension, American/European dimension, moneyness dimension is analyzed and whether the contribution of the volatility in neural network analysis make improvement in prediction performance or not is examined. The most striking results revealed by the study is that ANN shows better performance when pricing call options compared to put options; and the use of volatility parameter as an input does not improve the performance.
Abstract: While the problem based learning (PBL) approach promotes unsupervised self-directed learning (SDL), many students experience difficulty juggling the role of being an information recipient and information seeker. Logbooks have been used to assess trainee doctors but not in other areas. This study aimed to determine the effectiveness of logbook for assessing SDL during PBL sessions in first year medical students. The log book included a learning checklist and knowledge and skills components. Comparisons with the baseline assessment of student performance in PBL and that at semester end after logbook intervention showed significant improvements in student performance (31.5 ± 8 vs. 17.7 ± 4.4; p
Abstract: Modeling of a heterogeneous industrial fixed bed
reactor for selective dehydrogenation of heavy paraffin with Pt-Sn-
Al2O3 catalyst has been the subject of current study. By applying
mass balance, momentum balance for appropriate element of reactor
and using pressure drop, rate and deactivation equations, a detailed
model of the reactor has been obtained. Mass balance equations have
been written for five different components. In order to estimate
reactor production by the passage of time, the reactor model which is
a set of partial differential equations, ordinary differential equations
and algebraic equations has been solved numerically.
Paraffins, olefins, dienes, aromatics and hydrogen mole percent as
a function of time and reactor radius have been found by numerical
solution of the model. Results of model have been compared with
industrial reactor data at different operation times. The comparison
successfully confirms validity of proposed model.
Abstract: Fats and oils are made of esterified hydrocarbons
(RCOOR-) and this work demonstrates the substitution of R by
multi-walled CNTs (MWNTs). The resultant materials are fluidic, oily,
electrically conducting and excellent lubricants. Esterified MWNTs
can also respond to magnetic field when tubules contain long segments
of Fe
Abstract: Numerical simulations are performed for laminar
continuous and pulsed jets impinging on a surface in order to
investigate the effects of pulsing frequency on the heat transfer
characteristics. The time-averaged Nusselt number of pulsed jets is
larger in the impinging jet region as compared to the continuous jet,
while it is smaller in the outer wall jet region. At the stagnation point,
the mean and RMS Nusselt numbers become larger and smaller,
respectively, as the pulsing frequency increases. Unsteady behaviors
of vortical fluid motions and temperature field are also investigated to
understand the underlying mechanisms of heat transfer enhancement.
Abstract: This paper presents the impact study of GTO Controlled Series Capacitor (GCSC) parameters on measured impedance (Zseen) by MHO distance relays for single transmission line high voltage 220 kV in the presence of single phase to earth fault with fault resistance (RF). The study deals with a 220 kV single electrical transmission line of Eastern Algerian transmission networks at Group Sonelgaz (Algerian Company of Electrical and Gas) compensated by series Flexible AC Transmission System (FACTS) i.e. GCSC connected at midpoint of the transmission line. The transmitted active and reactive powers are controlled by three GCSC-s. The effects of maximum reactive power injected as well as injected maximum voltage by GCSC on distance relays measured impedance is treated. The simulations results investigate the effects of GCSC injected parameters: variable reactance (XGCSC), variable voltage (VGCSC) and reactive power injected (QGCSC) on measured resistance and reactance in the presence of earth fault with resistance fault varied between 5 to 50 Ω for three cases study.
Abstract: This paper presents modeling and simulation of Grid Connected Photovoltaic (PV) system by using improved mathematical model. The model is used to study different parameter variations and effects on the PV array including operating temperature and solar irradiation level. In this paper stepped P&O algorithm is proposed for MPPT control. This algorithm will identify the suitable duty ratio in which the DC-DC converter should be operated to maximize the power output. Photo voltaic array with proposed stepped P&O-MPPT controller can operate in the maximum power point for the whole range of solar data (irradiance and temperature).
Abstract: This paper presents results of empirical studies that were conducted in enterprises from Podkarpackie Voivodeship (Poland). It shows the experiences of those enterprises resulting from implementing and improving the eco-innovativeness management that is formal Environmental Management System (EMS). This study shows the expected and obtained internal benefits which are the effects of a functioning EMS. The aim of this paper is to determine whether the information included in international theoretical studies concerning the benefits of implementing, functioning and improving formal EMS (which is based on the international standard ISO 14001) are confirmed by the effects of the enterprises- activities.
Abstract: Today with the rapid growth of telecommunications equipment, electronic and developing more and more networks of power, influence of electromagnetic waves on one another has become hot topic discussions. So in this article, this issue and appropriate mechanisms for EMC operations have been presented. First, impact of high voltage lines on the surrounding environment especially on the control room has been investigated, then to reduce electromagnetic radiation, various methods of shielding are provided and shielding effectiveness of them has been compared. It should be expressed that simulations have been done by the finite element method (FEM).
Abstract: Work is focused to the study of unburned carbon in
ash from coal (and wastes) combustion in 8 combustion tests at 3
fluidised-bed power station, at co-combustion of coal and wastes
(also at fluidized bed) and at bench-scale unit simulating coal
combustion in small domestic furnaces. The attention is paid to
unburned carbon contents in bottom ashes and fly ashes at these 8
combustion tests and to morphology of unburned carbons. Specific
surface area of coals, unburned carbons and ashes and the relation of
specific surface area of unburned carbon and the content of volatile
combustibles in coal were studied as well.
Abstract: NFκB activation plays a crucial role in anti-apoptotic responses in response to the apoptotic signaling during tumor necrosis factor (TNFa) stimulation in Multiple Myeloma (MM). Although several drugs have been found effective for the treatment of MM by mainly inhibiting NFκB pathway, there are no any quantitative or qualitative results of comparison assessment on inhibition effect between different single drugs or drug combinations. Computational modeling is becoming increasingly indispensable for applied biological research mainly because it can provide strong quantitative predicting power. In this study, a novel computational pathway modeling approach is employed to comparably assess the inhibition effects of specific single drugs and drug combinations on the NFκB pathway in MM, especially the prediction of synergistic drug combinations.
Abstract: Seismic qualification testing for equipments to be
mounted on upper storeys of buildings is very demanding in terms of
floor spectra. The latter is characterized by high accelerations
amplitudes within a narrow frequency band. This article presents a
method which permits to cover specified required response spectra
beyond the shaking table capability by amplifying the acceleration
amplitudes at an appropriate frequency range using a physical
intermediate mounted on the platform of the shaker.
Abstract: Information is increasing in volumes; companies are overloaded with information that they may lose track in getting the intended information. It is a time consuming task to scan through each of the lengthy document. A shorter version of the document which contains only the gist information is more favourable for most information seekers. Therefore, in this paper, we implement a text summarization system to produce a summary that contains gist information of oil and gas news articles. The summarization is intended to provide important information for oil and gas companies to monitor their competitor-s behaviour in enhancing them in formulating business strategies. The system integrated statistical approach with three underlying concepts: keyword occurrences, title of the news article and location of the sentence. The generated summaries were compared with human generated summaries from an oil and gas company. Precision and recall ratio are used to evaluate the accuracy of the generated summary. Based on the experimental results, the system is able to produce an effective summary with the average recall value of 83% at the compression rate of 25%.
Abstract: The Kinetics formation of labile Complex
Ag (I) tetra (p-carboxyphenyl) porphyrin, was investigated at 25oC
and I=0.1M (NaNO3). By spectrophotometric titration, the
composition ratio of the complex was established to be 2:1
(Ag : H2TCPP). The equilibrium constant, K, was found to be
log 10-6.53. Binding of the first Ag (I) was found to be rate
determining step with rate constant, k1= 4.67×102 . A plausible
mechanism is discussed. We discus theoretically why Ag(I)2TCPP is
unstable.
Abstract: Wireless sensor networks (WSN) are currently
receiving significant attention due to their unlimited potential. These
networks are used for various applications, such as habitat
monitoring, automation, agriculture, and security. The efficient nodeenergy
utilization is one of important performance factors in wireless
sensor networks because sensor nodes operate with limited battery
power. In this paper, we proposed the MiSense hierarchical cluster
based routing algorithm (MiCRA) to extend the lifetime of sensor
networks and to maintain a balanced energy consumption of nodes.
MiCRA is an extension of the HEED algorithm with two levels of
cluster heads. The performance of the proposed protocol has been
examined and evaluated through a simulation study. The simulation
results clearly show that MiCRA has a better performance in terms of
lifetime than HEED. Indeed, MiCRA our proposed protocol can
effectively extend the network lifetime without other critical
overheads and performance degradation. It has been noted that there
is about 35% of energy saving for MiCRA during the clustering
process and 65% energy savings during the routing process compared
to the HEED algorithm.
Abstract: Synthesis gas manufacturing by steam reforming of hydrocarbons is an important industrial process. High endothermic nature of the process makes it one of the most cost and heat intensive processes. In the present work, composite effect of different inert gases on synthesis gas yield, feed gas conversion and temperature distribution along the reactor length has been studied using a heterogeneous model. Mathematical model was developed as a first stage and validated against the existing process models. With the addition of inert gases, a higher yield of synthesis gas is observed. Simultaneously the rector outlet temperature drops to as low as 810 K. It was found that Xenon gives the highest yield and conversion while Helium gives the lowest temperature. Using Xenon inert gas 20 percent reduction in outlet temperature was observed compared to traditional case.
Abstract: This paper presents two simplified models to
determine nodal voltages in power distribution networks. These
models allow estimating the impact of the installation of reactive
power compensations equipments like fixed or switched capacitor
banks. The procedure used to develop the models is similar to the
procedure used to develop linear power flow models of transmission
lines, which have been widely used in optimization problems of
operation planning and system expansion. The steady state non-linear
load flow equations are approximated by linear equations relating the
voltage amplitude and currents. The approximations of the linear
equations are based on the high relationship between line resistance
and line reactance (ratio R/X), which is valid for power distribution
networks. The performance and accuracy of the models are evaluated
through comparisons with the exact results obtained from the
solution of the load flow using two test networks: a hypothetical
network with 23 nodes and a real network with 217 nodes.
Abstract: As a result of urbanization, the unpredictable growth of industry and transport, production of chemicals, military activities, etc. the concentration of anthropogenic toxicants spread in nature exceeds all the permissible standards. Most dangerous among these contaminants are organic compounds having great persistence, bioaccumulation, and toxicity along with our awareness of their prominent occurrence in the environment and food chain. Among natural ecological tools, plants still occupying above 40% of the world land, until recently, were considered as organisms having only a limited ecological potential, accumulating in plant biomass and partially volatilizing contaminants of different structure. However, analysis of experimental data of the last two decades revealed the essential role of plants in environment remediation due to ability to carry out intracellular degradation processes leading to partial or complete decomposition of carbon skeleton of different structure contaminants. Though, phytoremediation technologies still are in research and development, their various applications have been successfully used. The paper aims to analyze mechanisms of organic contaminants uptake and detoxification in plants, being the less studied issue in evaluation and exploration of plants potential for environment remediation.
Abstract: In some real applications of Statistical Process Control
it is necessary to design a control chart to not detect small process
shifts, but keeping a good performance to detect moderate and large
shifts in the quality. In this work we develop a new quality control
chart, the synthetic T2 control chart, that can be designed to cope with
this objective. A multi-objective optimization is carried out employing
Genetic Algorithms, finding the Pareto-optimal front of
non-dominated solutions for this optimization problem.
Abstract: This research was conducted for the first time at the
southeastern coasts of the Caspian Sea in order to evaluate the
performance of osteichthyes cooperatives through production (catch)
function. Using one of the indirect valuation methods in this research,
contributory factors in catch were identified and were inserted into
the function as independent variables. In order to carry out this
research, the performance of 25 Osteichthyes catching cooperatives
in the utilization year of 2009 which were involved in fishing in
Miankale wildlife refuge region. The contributory factors in catch
were divided into groups of economic, ecological and biological
factors. In the mentioned function, catch rate of the cooperative were
inserted into as the dependant variable and fourteen partial variables
in terms of nine general variables as independent variables. Finally,
after function estimation, seven variables were rendered significant at
99 percent reliably level. The results of the function estimation
indicated that human resource (fisherman quantity) had the greatest
positive effect on catch rate with an influence coefficient of 1.7 while
weather conditions had the greatest negative effect on the catch rate
of cooperatives with an influence coefficient of -2.07. Moreover,
factors like member's share, experience and fisherman training and
fishing effort played the main roles in the catch rate of cooperative
with influence coefficients of 0.81, 0.5 and 0.21, respectively.