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Forecasting Price Direction, Hedging and Spread Options in Oil Volatility
Eboka Andrew Okonji,
Yerokun Oluwatoyin Mary
Issue:
Volume 5, Issue 6, December 2017
Pages:
114-123
Received:
5 April 2017
Accepted:
8 October 2017
Published:
8 November 2017
Abstract: The energy market aims to manage risks associated with prices and volatility of the asset. It is a capital intensive market, rippled with a range of chaotic, complex and dynamic interaction among its supply and demand derivatives. Models help users forecast such interactions, to provide investors with empirical evidence of the price direction. Evolutionary modeling is an art, whose science seeks to analyze input data and yield an optimal, complete solution for which conventional methods yield a corresponding, non-cost effective solution. Its solutions are tractable, robust and low-cost with a tolerance of ambiguity, uncertainty and noise as applied to its input. Our study aims to predict the OPEC Oil market with data collected over the period.
Abstract: The energy market aims to manage risks associated with prices and volatility of the asset. It is a capital intensive market, rippled with a range of chaotic, complex and dynamic interaction among its supply and demand derivatives. Models help users forecast such interactions, to provide investors with empirical evidence of the price direction. Evol...
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Determinants of Emerging Technology Commercialization: Empirical Evidences from MEMS Technology
Chunbo Wang,
Paulo Bento,
Lu Yin
Issue:
Volume 5, Issue 6, December 2017
Pages:
124-130
Received:
5 December 2017
Published:
6 December 2017
Abstract: Currently most of studies on commercialization of the emerging technology considered the context in developed countries like US, Japan, and EU with few research on developing country like China. To fill this gap, taking 112 Chinese Micro-Electro-Mechanical Systems (MEMS) enterprises as a sample, this thesis empirically investigated the determinants of emerging technology in China. Through multiple regression analysis, the empirical results show that technology property, market conditions, regional innovation network, and enterprise capability are main determinants of MEMS commercialization whereas social environment and policy and regulation do not have significant impact on the performance of MEMS commercialization.
Abstract: Currently most of studies on commercialization of the emerging technology considered the context in developed countries like US, Japan, and EU with few research on developing country like China. To fill this gap, taking 112 Chinese Micro-Electro-Mechanical Systems (MEMS) enterprises as a sample, this thesis empirically investigated the determinants...
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Cost and Profit Efficiency of Bangladeshi Commercial Banks: A Stochastic Frontier Approach
Issue:
Volume 5, Issue 6, December 2017
Pages:
131-142
Received:
9 May 2017
Accepted:
25 May 2017
Published:
19 December 2017
Abstract: This paper assesses the cost and profit efficiency levels of banks consist of conventional, Islamic Shariah based and state-owned commercial banks in Bangladesh over the period of 2011 to 2015. Basic accounting ratios and stochastic cost and profit approaches originated by stochastic frontier analysis have been used in this study. From the results of accounting-based ratios used in this study, conventional private commercial banks are more efficient compared to Islamic Shariah based private commercial banks and state-owned commercial banks in the both cases of cost and profit. According to the stochastic cost frontier approach, the commercial banks in Bangladesh are not found considerable cost inefficient. The cost efficiency level of 35 commercial banks in Bangladesh is 91.4 percent. The results of this study indicate that traditional private commercial banks are more cost efficient compared to Islamic Shariah based and state-owned commercial banks. From the results of stochastic profit efficiency frontier, the conventional private commercial banks have the higher values of alternative profit efficiency levels than the state-owned and Islamic Shariah based commercial banks. It can also be drawn that around one-fourth of profits of banks are lost because of inefficiency over the period covered by this study.
Abstract: This paper assesses the cost and profit efficiency levels of banks consist of conventional, Islamic Shariah based and state-owned commercial banks in Bangladesh over the period of 2011 to 2015. Basic accounting ratios and stochastic cost and profit approaches originated by stochastic frontier analysis have been used in this study. From the results ...
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The Asymmetry of the Brain and the Choice of Purchase: An Application of Electroencephalography–EEG Evidence on Consumer Neuroscience Tests
Issue:
Volume 5, Issue 6, December 2017
Pages:
143-148
Received:
20 October 2017
Accepted:
8 November 2017
Published:
20 December 2017
Abstract: The main objective of this pilot study was to try to prove by a test of consumer neuroscience, if the activity in the frontal cortex and its asymmetry, could predict the choice of purchasing a product or a service. An exploratory research was performed with 21 subjects, skilled (10 women and 11 men) were collected. Aged between 18 and 53 years, all were in good health at the time of enrollment and had normal psychiatric and neurological examination. The subjects should observe some stimuli of marketing (brands) and choose one to buy it without expressing it orally. The asymmetry of the brain, where the left hemisphere in the frontal region increased activity, affected the positive decision-making (choice of a brand for our study), vs lower activity in the frontal region of the right hemisphere. It could also pose a plausible hypothesis about the "power" brand in the decision-making choice and purchase. Because 95% of the subjects chose well-known brands and found that the trend of dominance of the left hemisphere over the right and the oral statements by the participants in the test. In addition, the Electroencephalogram (EEG) was a very useful tool to test consumer neuroscience.
Abstract: The main objective of this pilot study was to try to prove by a test of consumer neuroscience, if the activity in the frontal cortex and its asymmetry, could predict the choice of purchasing a product or a service. An exploratory research was performed with 21 subjects, skilled (10 women and 11 men) were collected. Aged between 18 and 53 years, all...
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Measurement and Evaluation Model of Shipbuilding Production Efficiency
Shi Guofu,
Liu Xiaobing,
Xu Yizhuang,
Yao Nailong
Issue:
Volume 5, Issue 6, December 2017
Pages:
149-161
Received:
27 December 2017
Published:
28 December 2017
Abstract: How to evaluate the level of the production efficiency and the changes of productivity is important for the shipyard improvement and survive. The efficiency of the shipyard is comprehensively affected by the managing, technical activities and product mix. The causes of inefficiency are hidden somewhere inside of the production system. From these points of view, the Efficiency Measurement Model of the general assembly shipbuilding production is developed based on the production system breakdown structures. By this model, the organization efficiency, activity efficiency and product efficiency can be measured by corresponding efficiency indicators reflecting the efficiency level or the productivity changes all over the production system. The empirical application shows this model is a suitable approach to analyze the efficiency of the general assembly shipbuilding production system in finding the inner causes of inefficiency and the proper measures to improve the production efficiency.
Abstract: How to evaluate the level of the production efficiency and the changes of productivity is important for the shipyard improvement and survive. The efficiency of the shipyard is comprehensively affected by the managing, technical activities and product mix. The causes of inefficiency are hidden somewhere inside of the production system. From these po...
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The Dynamic Interactions Among Trade Openness and Economic Growth: Evidence from Algeria
Issue:
Volume 5, Issue 6, December 2017
Pages:
162-167
Received:
3 May 2017
Accepted:
19 June 2017
Published:
8 January 2018
Abstract: The aim of this paper is to try to measure the impact of the trade openness on the economic growth in Algeria using the annual data for the period (1980¬-2015). In this intent, we considered three openness measures: the ratio of exports to GDP, the ratio of imports to GDP and the ratio of all the exports and the imports to GDP since that, the GDP per capita in real terms is used as an indicator of the economic growth. This analysis is based by the Fully Modified Ordinary Least Squares method said (FMOLS); The empirical results revealed the existence of long-term relationship between the real GDP per capita and Trade liberalization, and show that the trade openness has a significantly positive impact on the economic growth in Algeria, this result highlights that trade openness promote economic growth in Algeria.
Abstract: The aim of this paper is to try to measure the impact of the trade openness on the economic growth in Algeria using the annual data for the period (1980¬-2015). In this intent, we considered three openness measures: the ratio of exports to GDP, the ratio of imports to GDP and the ratio of all the exports and the imports to GDP since that, the GDP p...
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