Analysis and forecasting of IPO underpricing

Probability of withdrawal is a feature of initial public offering (IPOs), which can be an important parameter in decisions of investors and issuers. Considering the probability of offering withdrawal facilitates more precise estimation of underpricing. In this paper, the effective factors on probability of IPO withdrawal and underpricing in Tehran Stock Exchange have been characterized using regression, and then neural network is applied to estimate the probability of IPO withdrawal and underpricing. To evaluate the performance of our applied method, fuzzy regression is employed and compared with neural network. According to the obtained empirical results, neural network demonstrates better accuracy than fuzzy regression. The results indicate that there is a meaningful relationship between underpricing and probability of withdrawal, and the probability of IPO withdrawal plays an important role in precise evaluation of underpricing.     

Evolving Fuzzy Min–Max Neural Network Based Decision Trees for Data Stream Classification

Learning from data streams is a challenging task which demands a learning algorithm with several high quality features. In addition to space complexity and speed requirements needed for processing the huge volume of data which arrives at high speed, the learning algorithm must have a good balance between stability and plasticity. This paper presents a new approach to induce incremental decision trees on streaming data. In this approach, the internal nodes contain trainable split tests. In contrast with traditional decision trees in which a single attribute is selected as the split test, each internal node of the proposed approach contains a trainable function based on multiple attributes, which not only provides the flexibility needed in the stream context, but also improves stability. Based on this approach, we propose evolving fuzzy min–max decision tree (EFMMDT) learning algorithm in which each internal node of the decision tree contains an evolving fuzzy min–max neural network. EFMMDT splits the instance space non-linearly based on multiple attributes which results in much smaller and shallower decision trees. The extensive experiments reveal that the proposed algorithm achieves much better precision in comparison with the state-of-the-art decision tree learning algorithms on the benchmark data streams, especially in the presence of concept drift.     

Robust model predictive control of biped robots with adaptive on-line gait generation

International Journal of Control, Automation and Systems - In this paper, an on-line gait control scheme is proposed for the biped robots for walking up and down the stairs. In the proposed...     

Multi-objective optimization of laminated composite shells for minimum mass/cost and maximum buckling pressure with failure criteria under external hydrostatic pressure

In the present study, Multi-objective optimization of composite cylindrical shell under external hydrostatic pressure was investigated. Parameters of mass, cost and buckling pressure as fitness functions and failure criteria as optimization criterion were considered. The objective function of buckling has been used by performing the analytical energy equations and Tsai-Wu and Hashin failure criteria have been considered. Multi-objective optimization was performed by improving the evolutionary algorithm of NSGA-II. Also the kind of material, quantity of layers and fiber orientations have been considered as design variables. After optimizing, Pareto front and corresponding points to Pareto front are presented. Trade of points which have optimized mass and cost were selected by determining the specified pressure as design criteria. Finally, an optimized model of composite cylindrical shell with the optimum pattern of fiber orientations having appropriate cost and mass is presented which can tolerate the maximum external hydrostatic pressure.

     

Fuzzy hypersemigroups

We introduce the notions of fuzzy hypersemigroup, fuzzy hypergroup, fuzzy hyperideal, homomorphism, hyper congruence, fuzzy homomorphism, fuzzy hypercongruence. The purpose of this note is the study of some characterization of fuzzy hypersemigroup, fuzzy hyperideal of a fuzzy hypersemigroup and homomorphism and hypercongruence on a hypersemigroup.     

Characterization of virus replication

New viruses spread faster than ever and current signature based detection do not protect against these unknown viruses. Behavior based detection is the currently preferred defense against unknown viruses. The drawback of behavior based detection is the ability only to detect specific classes of viruses or have successful detection under certain conditions plus false positives. This paper presents a characterization of virus replication which is the only virus characteristic guaranteed to be consistently present in all viruses. Two detection models based on virus replication are developed, one using operation sequence matching and the other using frequency measures. Regression analysis was generated for both models. A safe list is used to minimize false positives. In our testing using operation sequence matching, over 250 viruses were detected with 43 subsequences. There were minimal false negatives. The replication sequence of just one virus detected 130 viruses, 45% of all tested viruses. Our testing using frequency measures detected all test viruses with no false negatives. The paper shows that virus replication can be identified and used to detect known and unknown viruses.     

A step forward in studying the compact genetic algorithm

The compact Genetic Algorithm (cGA) is an Estimation of Distribution Algorithm that generates offspring population according to the estimated probabilistic model of the parent population instead of using traditional recombination and mutation operators. The cGA only needs a small amount of memory; therefore, it may be quite useful in memory-constrained applications. This paper introduces a theoretical framework for studying the cGA from the convergence point of view in which, we model the cGA by a Markov process and approximate its behavior using an Ordinary Differential Equation (ODE). Then, we prove that the corresponding ODE converges to local optima and stays there. Consequently, we conclude that the cGA will converge to the local optima of the function to be optimized.     

An Immune-based Genetic Algorithm with Reduced Search Space Coding for Multiprocessor Task Scheduling Problem

Multiprocessor task scheduling is an important problem in parallel applications and distributed systems. In this way, solving the multiprocessor task scheduling problem (MTSP) by heuristic, meta-heuristic, and hybrid algorithms have been proposed in literature. Although the problem has been addressed by many researchers, challenges to improve the convergence speed and the reliability of methods for solving the problem are still continued especially in the case that the communication cost is added to the problem frame work. In this paper, an Immune-based Genetic algorithm (IGA), a meta-heuristic approach, with a new coding scheme is proposed to solve MTSP. It is shown that the proposed coding reduces the search space of MTSP in many practical problems, which effectively influences the convergence speed of the optimization process. In addition to the reduced search space offered by the proposed coding that eventuate in exploring better solutions at a shorter time frame, it guarantees the validity of solutions by using any crossover and mutation operators. Furthermore, to overcome the regeneration phenomena in the proposed GA (generating similar chromosomes) which leads to premature convergence, an affinity based approach inspired from Artificial Immune system is employed which results in better exploration in the searching process. Experimental results showed that the proposed IGA surpasses related works in terms of found makespan (20% improvement in average) while it needs less iterations to find the solutions (90% improvement in average) when it is applied to standard test benches.     

Laser micro-welding of aluminum and copper with and without tin foil alloy

In this paper continuous laser welding of two dissimilar materials, aluminum and copper, was investigated. The aluminum and the copper utilized were Al3003-H14 and Cu110-H00, respectively. Two different sets of samples were laser welded; one in which a filler material, tin foil alloy (S-bond 220), was sandwiched between the aluminum and the copper and another set in which the aluminum and copper were directly welded without any filler. The foil alloy was utilized to enhance the compatibility of the two metals; aluminum and copper, reducing the brittleness of the intermetallic compound that may form and, subsequently, enhance the mechanical properties. The welding was carried out using an IPG 500 SM fiber laser. The length of the laser joint produced was 20 mm and the width was about 200 μm. The strength of the joint was evaluated by conducting the lap shear stress test. Samples in which filler foil was used exhibited a better performance in the lap shear stress test (an average of 780 N) than the samples without tin foil (an average of 650 N). The improvement in the lap shear test could be attributed to the positive effects of the filler on enhancing the compatibility of the intermetallic compound formed via diffusion. The fracture surface of both types of joints (with and without filler) was characterized using scanning electron microscope equipped with energy-dispersive X-ray (EDAX). To understand the failure initiation and propagation of the samples under tension, a finite element (FE) model was developed for the samples created with no filler material. The failure mechanism predicted from the FE model matches reasonably well with the experimental observations from EDAX analysis.