Abstract: The increased number of automobiles in recent years
has resulted in great demand for fossil fuel. This has led to the
development of automobile by using alternative fuels which include
gaseous fuels, biofuels and vegetables oils as fuel. Energy from
biomass and more specific bio-diesel is one of the opportunities that
could cover the future demand of fossil fuel shortage. Biomass in the
form of cashew nut shell represents a new energy source and
abundant source of energy in India. The bio-fuel is derived from
cashew nut shell oil and its blend with diesel are promising
alternative fuel for diesel engine. In this work the pyrolysis Cashew
Nut Shell Liquid (CNSL)-Diesel Blends (CDB) was used to run the
Direct Injection (DI) diesel engine. The experiments were conducted
with various blends of CNSL and Diesel namely B20, B40, B60, B80
and B100. The results are compared with neat diesel operation. The
brake thermal efficiency was decreased for blends of CNSL and
Diesel except the lower blends of B20. The brake thermal efficiency
of B20 is nearly closer to that of diesel fuel. Also the emission level
of the all CNSL and Diesel blends was increased compared to neat
diesel. The higher viscosity and lower volatility of CNSL leads to
poor mixture formation and hence lower brake thermal efficiency and
higher emission levels. The higher emission level can be reduced by
adding suitable additives and oxygenates with CNSL and Diesel
blends.
Abstract: In this paper, supply policy and procurement of
shared resources in some kinds of concurrent construction projects
are investigated. This could be oriented to the problems of holding
construction companies who involve in different projects
concurrently and they have to supply limited resources to several
projects as well as prevent delays to any project. Limits on
transportation vehicles and storage facilities for potential
construction materials and also the available resources (such as cash
or manpower) are some of the examples which affect considerably on
management of all projects over all. The research includes
investigation of some real multi-storey buildings during their
execution periods and surveying the history of the activities. It is
shown that the common resource demand variation curve of the
projects may be expanded or displaced to achieve an optimum
distribution scheme. Of course, it may cause some delay to some
projects, but it has minimum influence on whole execution period of
all projects and its influence on procurement cost of the projects is
considerable. These observations on investigation of some
multistorey building which are built in Iran will be presented in this
paper.
Abstract: The study examines the determinants of corporate cash holding of non-financial quoted firms in Nigeria using a sample of fifty four non-financial quoted firms listed on the Nigeria Stock Exchange for the period 1995-2009. Data were sourced from the Annual reports of the sampled firms and analyzed using Generalized Method of Moments(GMM). The study finds evidence supportive of a target adjustment model and that firms can not instantaneously adjust towards the target cash level owing to the fact that adjustment cost being costly,. Also, the result shows significant negative relationship between cash holdings and firm size, net working capital, return on asset and bank relationship and positive relationship with growth opportunities, leverage, inventories, account receivables and financial distress. Furthermore, there is no significant relationship between cash holdings and cash flow. In Nigerian setting, most of the variables that are relevant for explaining cash holdings in the Developed countries are found by this study to be relevant also in Nigeria.
Abstract: this article conducts a research about the relationship between cash dividend policy and enterprise value based on the data coming from the A-share listed companies over period 2005-2009. In conclusion, the enterprise value has a negative correlation with the incremental and the degressive cash dividend per share, and has a positive correlation with the stable cash dividend per share.
Abstract: In this paper we investigate how wide-ranging
organizational support and the more specific form of support,
namely management support, may influence on tourism workers
satisfaction with a cash transaction system. The IS continuance
theory, proposed by Bhattacherjee in 2001, is utilized as a
theoretical framework. This implies that both perceived usefulness
and ease of use is included in the research model, in addition to
organizational and management support. The sample consists of
500 workers from 10 cruise and tourist ferries in Scandinavia that
use a cash transaction system to perform their work tasks. Using
structural equation modelling, results indicate that organizational
support and ease of use perceptions is critical for the users- level of
satisfaction with the cash transaction system.The findings have
implications for business managers and IS practitioners that want
to increase the quality of IT-based business processes within the
tourism industry.
Abstract: This paper is to develop a fuzzy net present value (FNPV) method by taking vague cash flow and imprecise required rate of return into account for evaluating the value of the Build-Operate-Transfer (BOT) sport facilities. In order to clearly manifest a more realistic capital budgeting model based on the classical net present value (NPV) method, some uncertain financial elements in NPV formula will be fuzzified as triangular fuzzy numbers. Through the conscientious manipulation of fuzzy set theory, we will find that the proposed FNPV model is a more explicit extension of classical (crisp) model and could be more practicable for the financial managers to capture the essence of capital budgeting of sport facilities than non-fuzzy model.
Abstract: This paper details the application of a genetic
programming framework for induction of useful classification rules
from a database of income statements, balance sheets, and cash flow
statements for North American public companies. Potentially
interesting classification rules are discovered. Anomalies in the
discovery process merit further investigation of the application of
genetic programming to the dataset for the problem domain.
Abstract: Insect pests are the major source of crop
damage, yield and quality reduction in Pakistan and else
where in the world. Cotton crop is the most hit crop in
Pakistan followed by rice and the second most important
foreign exchange earning crop. A wide variety of staple,
horticultural and cash crops grown, reflect serious problems of
many types of insect pests. To overcome the insect pest
problem, pesticide use in Pakistan has increased substantially
which has now been further intensified. Pesticides worth more
than billions of rupees are imported every year. This paper
reviews the over all pesticide use in Pakistan in relation to
pesticide prices, support price of cotton and rice, pesticide use
in different provinces of Pakistan on different crops and their
impact on crop productivity. The environmental pollution
caused by the use of pesticides, contamination of soil and
water resources and the danger associated with the disposal of
their empty containers is also discussed in detail.
Abstract: Internal controls of accounting are an essential
business function for a growth-oriented organization, and include the
elements of risk assessment, information communications and even
employees' roles and responsibilities. Internal controls of accounting
systems are designed to protect a company from fraud, abuse and
inaccurate data recording and help organizations keep track of
essential financial activities. Internal controls of accounting provide a
streamlined solution for organizing all accounting procedures and
ensuring that the accounting cycle is completed consistently and
successfully. Implementing a formal Accounting Procedures Manual
for the organization allows the financial department to facilitate
several processes and maintain rigorous standards. Internal controls
also allow organizations to keep detailed records, manage and
organize important financial transactions and set a high standard for
the organization's financial management structure and protocols. A
well-implemented system also reduces the risk of accounting errors
and abuse. A well-implemented controls system allows a company's
financial managers to regulate and streamline all functions of the
accounting department. Internal controls of accounting can be set up
for every area to track deposits, monitor check handling, keep track
of creditor accounts, and even assess budgets and financial statements
on an ongoing basis. Setting up an effective accounting system to
monitor accounting reports, analyze records and protect sensitive
financial information also can help a company set clear goals and
make accurate projections. Creating efficient accounting processes
allows an organization to set specific policies and protocols on
accounting procedures, and reach its financial objectives on a regular
basis. Internal accounting controls can help keep track of such areas
as cash-receipt recording, payroll management, appropriate recording
of grants and gifts, cash disbursements by authorized personnel, and
the recording of assets. These systems also can take into account any
government regulations and requirements for financial reporting.
Abstract: Liquidity risk management ranks to key concepts
applied in finance. Liquidity is defined as a capacity to obtain
funding when needed, while liquidity risk means as a threat to this
capacity to generate cash at fair costs. In the paper we present
challenges of liquidity risk management resulting from the 2007-
2009 global financial upheaval. We see five main regulatory
liquidity risk management issues requiring revision in coming
years: liquidity measurement, intra-day and intra-group liquidity
management, contingency planning and liquidity buffers, liquidity
systems, controls and governance, and finally models testing the
viability of business liquidity models.
Abstract: The ubiquitous payment problems within construction
industry of China are notoriously hard to be resolved, thus lead to a
series of impacts to the industry chain. Among of them, the most direct
result is affecting the normal operation of contractors negatively. A
wealth of research has already discussed reasons of the payment
problems by introducing a number of possible improvement strategies.
But the causalities of these problems are still far from harsh reality. In
this paper, the authors propose a model for cash flow system of
construction projects by introducing System Dynamics techniques to
explore causal facets of the payment problem. The effects of payment
arrears on both cash flow and profitability of project are simulated into
four scenarios by using data from real projects. Simulating results
show visible clues to help contractors quantitatively determining the
consequences for the construction project that arise from payment
delay.
Abstract: Application of Geo-Informatic technology in land
tenure and land use on the economic crop area, to create sustainable
land, access to the area, and produce sustainable food for the demand
of its people in the community. The research objectives are to 1)
apply Geo-Informatic Technology on land ownership and agricultural
land use (cash crops) in the research area, 2) create GIS database on
land ownership and land use, 3) create database of an online Geoinformation
system on land tenure and land use. The results of this
study reveal that, first; the study area is on high slope, mountains and
valleys. The land is mainly in the forest zone which was included in
the Forest Act 1941 and National Conserved Forest 1964. Residents
gained the rights to exploit the land passed down from their
ancestors. The practice was recognized by communities. The land
was suitable for cultivating a wide variety of economic crops that was
the main income of the family. At present the local residents keep
expanding the land to grow cash crops. Second; creating a database
of the geographic information system consisted of the area range,
announcement from the Interior Ministry, interpretation of satellite
images, transportation routes, waterways, plots of land with a title
deed available at the provincial land office. Most pieces of land
without a title deed are located in the forest and national reserve
areas. Data were created from a field study and a land zone
determined by a GPS. Last; an online Geo-Informatic System can
show the information of land tenure and land use of each economic
crop. Satellite data with high resolution which could be updated and
checked on the online Geo-Informatic System simultaneously.
Abstract: Nuts are part of a healthy diet such as Mediterranean diet. Benefits of nuts in reducing the risk of heart disease has been reasonably attributed to their composition of vitamins, minerals, unsaturated fatty acids, fiber and phytochemicals such as polyphenols, tocopherols, squalene and phytosterols. More than 75% of total fatty acids of nuts are unsaturated. α- tocopherol is the main tocopherol isomer present in most of the nuts. While walnuts, Brazil nut, cashew nut, peanut, pecan and pistachio nuts are rich in γ- tocopherol. β- sitosterol is dominant sterol in nuts. Pistachio and pine nut have the highest total phytosterol and Brazil nut and English walnut the lowest. Walnuts also contain large amount of phenolic compounds compared with other nuts. Nuts are rich in compounds with antioxidant properties and their consumption can offer preventing from incidence of many diseases including cardiovascular.
Abstract: The purpose of this study is to identify the underlying
causes of late payment from the contractors- perspective in the
Malaysian construction industry and to recommend effective solutions
to mitigate late payment problems. The target groups of respondents in
this study were Grades G3, G5, G6 and G7 contractors with
specialization in building works and civil engineering works registered
with the Construction Industry Development Board (CIDB) in
Malaysia. Results from this study were analyzed with Statistical
Package for the Social Science (SPSS 15.0). From this study, it was
found that respondents have highest ranked five significant variables
out of a total of forty-one variables which can caused late payment
problems: a) cash flow problems due to deficiencies in client-s
management capacity (mean = 3.96); b) client-s ineffective utilization
of funds (mean = 3.88); c) scarcity of capital to finance the project
(mean = 3.81); d) clients failure to generate income from bank when
sales of houses do not hit the targeted amount (mean=3.72); and e)
poor cash flow because of lack of proper process implementation,
delay in releasing of the retention monies to contractor and delay in the
evaluation and certification of interim and final payment (mean =
3.66).
Abstract: In Supply Chain Management (SCM), strengthening partnerships with suppliers is a significant factor for enhancing competitiveness. Hence, firms increasingly emphasize supplier evaluation processes. Supplier evaluation systems are basically developed in terms of criteria such as quality, cost, delivery, and flexibility. Because there are many variables to be analyzed, this process becomes hard to execute and needs expertise. On this account, this study aims to develop an expert system on supplier evaluation process by designing Artificial Neural Network (ANN) that is supported with Data Envelopment Analysis (DEA). The methods are applied on the data of 24 suppliers, which have longterm relationships with a medium sized company from German Iron and Steel Industry. The data of suppliers consists of variables such as material quality (MQ), discount of amount (DOA), discount of cash (DOC), payment term (PT), delivery time (DT) and annual revenue (AR). Meanwhile, the efficiency that is generated by using DEA is added to the supplier evaluation system in order to use them as system outputs.