31 research outputs found
Wind load effect on train station
This project investigates of the effect of the pressure distribution of a journal bearing by varying the viscosity of the lubricant. This paper mainly consists of two parts which is experimental and theoretical calculation
Wind load effect on train station
This project investigates of the effect of the pressure distribution of a journal bearing by varying the viscosity of the lubricant. This paper mainly consists of two parts which is experimental and theoretical calculation
International Price Relationship and Volatility Transmission Between Stock Index and Stock Index Futures
This study investigates the International price relationship and volatility transmissions betweenstock index and stock index futures of Malaysia, Hong Kong and Japan. Vector Autoregression(VAR) GJR-GARCH model was applied to the nine years daily price. Japanesemarkets are the main information producer to the market price changes. International marketinterdependence only affected the domestic volatility transmission of spot and futuresmarket in Hong Kong. Asymmetric effects exist in all markets and the volatility persistence ineach market is high. Finally, the overall conditional correlation estimates for spot and futuresmarkets are higher in the unrestricted model form compared to the restricted modelform
Effective cross hedging: evidence from physical crude palm oil and its non-interrelated energy futures contracts / Ahmad Danial Zainudin, Noryati Ahmad and Fahmi Abdul Rahim
Recent researchers found that Crude Palm Oil Futures contract (FCPO) in Bursa Malaysia Derivatives is no longer an effective hedging tool to mitigate the price risk in cash market due to the excessive speculation trading activities. This is very alarming to the hedgers hence possible hedge pair alternatives to crude palm oil physical must be identified to ensure that the hedging can be executed effectively. Therefore in this study, Ordinary Least Square, bivariate VAR and bivariate VECM were used to examine whether the non-interrelated energy futures contracts could serve as effective cross-hedging mechanisms for the CPO. Weekly data of agricultural and energy futures contracts from Intercontinental Exchange (ICE), New York Mercantile Exchange (NYMEX), and Tokyo Commodity Exchange (TOCOM) are employed to cross hedge the physical crude palm oil prices. The study starts from 2006 until 2016. Empirical results indicate that bivariate VECM gives more hedging variance reduction. Surprisingly, overall FCPO is still the best futures contract for hedging purposes while Japanese crude oil futures (TOCOM) represents the energy futures market as the best cross hedge alternatives for CPO
International Price Relationship and Volatility Transmission Between Stock Index and Stock Index Futures
This study investigates the international price relationship and volatility transmissions between
stock index and stock index futures of Malaysia, Hong Kong and Japan. Vector Autoregression
(VAR) GJR-GARCH model was applied to the nine years daily price. Japanese
markets are the main information producer to the market price changes. International market
interdependence only affected the domestic volatility transmission of spot and futures
market in Hong Kong. Asymmetric effects exist in all markets and the volatility persistence in
each market is high. Finally, the overall conditional correlation estimates for spot and futures
markets are higher in the unrestricted model form compared to the restricted model
form.
Keywords: spot-futures, lead-lags, volatility, VAR GJR-GARCH, Asian financial market
Effective cross hedging : evidence from physical crude palm oil and its inter-related agricultural futures contracts / Noryati Ahmad … [et al.]
Since its establishment, Crude Palm Oil futures contract (FCPO) has been used to directly hedge its physical crude palm oil (CPO). However, due to the excessive speculation activities on crude palm oil futures market, it has been said to be no longer an effective hedging tool to mitigate the price risk of its underlying physical market. This triggers the need for market players to find possible alternatives to ensure that the hedging role can be executed effectively. Thus this investigation attempts to examine whether other inter-related grains and oil seed futures contracts could serve as effective cross-hedging mechanisms for the CPO. Weekly data of inter-related futures contracts from Chicago Board of Trade (CBOT) and Dalian Commodity Exchange (DCE) are employed to cross hedge the physical crude palm oil prices. The study starts from 2006 until 2016. Empirical results indicate that FCPO is still the best futures contract for hedging purposes while Chicago Soybean (CBOTBO) provides second best alternative if cross-hedging is considered
Nutrition Management for Acute Stroke with Right-Sided Hemiparesis: A Case Study
This case study aims to report on the nutrition management of acute stroke with right-sided hemiparesis using an approach of early enteral feeding intervention to prevent malnutrition. Mr. R, a 77-year-old Malay man was admitted to the hospital due to an acute stroke with right hemiparesis with underlying disease of Atrial Fibrillation (AF), hypertension, type 2 Diabetes Mellitus (DM), Chronic Kidney Disease (CKD) stage 3b, and significant Peripheral Artery Disease (PAD). His BMI was 24kg/m2 with a weight of 67kg and height of 1.67m, and he was presented with abnormal blood results. All his vital signs were normal, and he appeared lethargic. The patient was on bolus Nasogastric (NG) feeding via Ryle’s tube with polymeric formula. Inadequate enteral nutrition infusion related to infusion volume not yet reached, as evidenced by a 47% energy and 60% protein adequacy feeding history. The polymeric formula was changed to a diabetic-specific formula for better blood sugar control, and feeding was given according to the patient's needs. Mr. R required at least 70% of 1,675 kcal of energy and 53.6 g of protein (0.8 g/kg body weight) to prevent malnutrition. The patient was still on Ryle’s tube feeding and already achieved the targeted energy and protein requirements. Before being discharged, the patient was allowed orally, and a sample menu was given as guidance to avoid weight loss and muscle wasting during longterm recovery. This case highlights the importance of early enteral feeding support in stroke recovery and the need to prioritize meeting nutritional needs in stroke patient care. Mr. R showed improvement in health and nutrition and concluded that early and focused enteral nutrition support can lead to improved results and better quality of life for stroke survivors
Attribute prioritization in choice experiment pre-design: suggested method and application to solid waste management service improvement
Most valuation problems on environmental resources possess huge list of choice-influencing attributes than the parsimony requirement of choice experiment (CE) would accommodate. As such, design-attribute determination which entails selecting the most appropriate sub-set of the entire list constitutes the first step in CE. It is based on the assessment of attributes’ relative importance in interview with stakeholders. The complexity of coding and generating themes under this method limits the coverage of opinion survey on attributes’ relative importance to small sample. Since average opinion is based on small sample, the risk of observing attribute non-attendance which is a recent problem in CE will be higher. Against this background, the present study suggests an alternative quantitative method of assessing attributes relative importance at the predesign stage of CE. Based on an application to solid waste management service improvement, the method was found to be simple and applicable to large sample. Since the method allows survey of opinion coverage on attributes’ relative importance to large samples, we recommend its application to reduce the risk of attribute non-attendance
Development of Micro Hydro Power Plant Prototype as A Field Laboratory for Educational and Research Purposes
The need for cheaper electricity generation rises as
the price of fossil fuels is increasingly nowadays. Hydropower plant is one of the most efficient and environmentally friendly alternative power plant sources. In this research works, a prototype of small-scale hydro power plant known as micro hydro power plant (MHPP) was developed for educational and research purpose. The motivation of this work is based on there is no field laboratory could be used for students to study the concept and actively involved in electricity generation at Universiti Teknologi Malaysia (UTM) Johor Bahru campus, Malaysia. This work hopefully become the catalyst for further research regarding renewable energy source, particularly in MHPP research. The research flow for this work begins with feasibility activities to determine some potential sites for development of MHPP at UTM Johor Campus. There are 7 (seven) potential sites based on site
visits and data analysis. From the data analysis, the most suitable site chosen for MPPP prototype development. The prototype was built based on the improved design. The results show that the constructed prototype is capable for generating electricity. This prototype can be used as a field laboratory and for educational and research purpose
Determinants of privatized solid waste management service provision in Lagos
The growing popularity of privatized solid waste management service in least developed countries warrants an exploration of factors that are likely to impact on its sustainability. This study takes integrated solid waste management approach by analyzing relevant issues on both market sides. We use a three step theme development sequence to analyze the data obtained on service providers through library research, observations and interviews. This was followed by an opinion survey on the demand side to elicit households’ support for service improvement. Findings show that source-separation issues, government enforcement, market segmentation, financial issues and waste disposal issues are key factors influencing improved service provision. Meanwhile, on the demand side, we found that households are willing to support proposed regulatory improvement in service provision. Thus, we suggest industrial stakeholders to consider the aforementioned supply side issues in designing future service improvements that will take advantage of existing demand side feasibility