Combined MCDM techniques for exploring stock selection based on Gordon model

Basing on the Gordon model perspective and applying multiple criteria decision making (MCDM), this research explores the influential factors and relative weight of dividend, discount rate, and dividend growth rate. The purpose is to establish an investment decision model and provides investors with a reference/selection of stocks most suitable for investing effects to achieve the greatest returns. Taking full consideration of the interrelation effect among variables of the decision model, this paper introduced analytical network process (ANP) and examined leading electronics companies spanning the hottest sectors of lens, solar, and handset by experts. Empirical findings indicated that dividend was affected by industry outlook, earnings, operating cash flow, and dividend payout rate; discount rate was affected by market β and risk-free rate; and dividend growth rate was affected by earnings growth rate and dividend payout growth rate. Also, according to literatures, discount rate possessed a self-effect relationship. Among the eight evaluation criteria, market β was the most important factor influencing investment decisions, followed by dividend growth rate and risk-free rate. In stock evaluations, leadership companies in the solar industry outperformed those in handset and lens, becoming investors’ favorite stock group at the time that this research was conducted.     

The evaluation of cluster policy by fuzzy MCDM: Empirical evidence from HsinChu Science Park

In the recent years, industrial clusters have received considerable attention from economists and industrial analysts, because they are seen as the main reason for economic growth and success of certain economic region. This study systematically reviews past researches of industrial cluster. The purpose of this paper is to contribute to the understanding of this issue regarding the driving forces for the growth of industrial cluster and find out the priority among these cluster policies. Taiwan HsinChu Science Park is a prime example for this paper, and its connection with the innovative participators. We begin with an examination of the literature on cluster about its driving forces and policies upon which we propose a conceptual framework. In doing so, we explore the cluster-based industrial system. Then this research adopts the Fuzzy Analytic Hierarchy Process as the analytical tool. The Fuzzy Analytic Hierarchy Process method is used to determine the weightings for evaluation dimension among decision makers. From our research results, the Factor Conditions is the most important driving force for advancing the industrial cluster performance. Moreover, the promotion of international linkages policy and broader framework policies rank the first two priorities for cluster policy. Overall, this paper concludes with some simulations of cluster policy alternatives confronting the industry and the Taiwanese government.     

Harmonic analysis in DC electrified transit railway systems consisting of uncontrolled bridge rectifiers with commutation impedances

Abstract

The paper presents a new formulation of harmonic current injection of the 6‐pulse uncontrolled bridge rectifier with commutation impedance. In cooperation with a train simulator developed earlier, the proposed harmonic source model is applied in a harmonic analysis program to comprehensively simulate the harmonic penetration in the Blue Line of Taipei Rapid Transit Systems (TRTS). Both frequency scans and harmonic distortion calculations were performed for various system component models. Simulation results indicated that both the voltage and current harmonic distortions in the Blue Line of TRTS were improved by use of 24‐pulse rectifiers. The application of further harmonic suppression schemes in traction networks to alleviate the harmonic distortions can be achieved using the simulated results.     

On the Effect of the Machine Saturation on SSR in Power Systems

A bifurcation analysis is performed to investigate the influence of iron saturation on the complex dynamics of a heavily loaded single-machine-infinitebusbar power system modeling the characteristics of the CHOLLA# 4 generator with respect to the SOWARO station. The system has five mechanical and two electrical modes. The results show that as the compensation level increases, the operating condition loses stability via a supercritical Hopf bifurcation. As a result, the power system oscillates subsynchronously with a small limit-cycle attractor. The instability is due to the interaction of the subsynchronous electrical mode with one of the torsional modes. When the machine saturation is considered, again the system loses stability via a supercritical Hopf bifurcation; however, it occurs at a slightly lower level of compensation, indicating that the influence of machine saturation is slightly destabilizing.     

Implementation of a novel large moving range submicrometer positioner

A novel, compact and two degree-of-freedoms (DOF) submicrometer positioner with a large moving range is presented in this paper. The design of the positioner utilizes a monolithic parallel flexure mechanism with built-in electromagnetic actuators and eddy current sensors to achieve the precision 2-DOF motion. The travel range of the positioner is 1000 μm/5 mrad and which depend on the eddy current sensor’s range of measurement (ROM) and electromagnetic actuator’s effective length. The analytical model and its dynamics were analyzed and derived. The whole control architecture takes the measured configuration parameters and endeavors to control the positioner motion by regulating the currents in the electromagnetic actuators. To increase the compactness and stability of the positioner, a self-tuning adaptive (STA) controller was analyzed and proposed. From the experimental results, satisfactory performances of the system, including stiffness and precision, have been successfully demonstrated.     

An automatic thin-film thickness indicator implemented with a Z-80 microcomputer

An automatic display of thin-film thickness during vacuum deposition based on Z-80 microcomputer is demonstrated. The film thickness can be displayed directly in nm during deposition whenever a key is touched. The maximum deposition thickness and the measuring accuracy can be easily adjusted by loading a proper time constant to channels 0 and I of the counter-timer-circuit.     

The barrier height change and current transport phenomena with the presence of interfacial layer in MIS Schottky barrier solar cells

In this comprehensive study, several interesting results which are different from those previous are reported. We find the barrier height decreases for n-type and increases for p-type when positive ions are introduced into the insulating layer. The increase of open circuit voltage can be traced to the suppression of the dark saturation current by the depletion field induced by the positive charge, and to the diminution of the majority tunneling current by the oxide potential barrier. The tunneling probabilities for majority and minority carriers are different; there are only a finite amount of majority carriers with thermionic energy greater than q(V_bi ? V_s) which can surmount the depletion potential and tunnel into the metal, whereas the photogenerated minority carriers derive kinetic energy in the depletion layer making tunneling easier. Transport coefficients for electrons to transmit from metal to semiconductor and from semiconductor to metal are different for the departure of built in potentials during illumination.     

Structural analysis of triacylglycerols and edible oils by near-infrared Fourier transform Raman spectroscopy

Fourier transform Raman spectroscopy was employed for structural analysis of triacylglycerols and edible oils. Raman spectra sensitively reflected structural changes in oils. Even slight structural fluctuation between triacylglycerols and free fatty acids led to obvious differences in Raman bands as shown by C-O-C stretching from 800 to 1000 cm(-1) and the band at 1742 cm(-1). Structural difference in geometric isomers was easily distinguished as proved by C = C stretching at 1655 cm(-1) (cis) shifting to 1668 cm(-1) (trans) and by =C-H in-plane bending at 1266 cm(-1) in cis disappearing in the trans isomer. Raman intensity at 1266, 1302, and 1655 cm(-1) changed concomitantly with the change of double-bond content in oils. It showed that FT-Raman was capable of precisly reflecting the content of double bonds in oils. A linear correlation with high consistency between the Raman intensity ratio (v1655/v1444) and the iodine value was obtained for commercial oils. Based on the results, FT-Raman spectroscopy proved itself a simple and rapid technique for oil analysis since each measurement could be directly completed in 3 min without any sample modifications.     

Optimal resilient threshold GQ signatures

GQ signature scheme is widely used in many cryptographic protocols, such as forward-secure signature scheme, identity-based signature scheme, etc. However, there is no threshold version of this important signature scheme in the open literature. We proposed the first threshold GQ signature scheme. The scheme is proved unforgeable and robust against any adaptive adversary by assuming hardness of computing discrete logarithm modulo a safe prime and existence of fully synchronous broadcast channel. Furthermore, with some modifications, our scheme achieves optimal resilience such that the adversary can corrupt up to a half of the players. As an extension of our work, we provided a threshold identity-based signature scheme and a threshold forward-secure signature scheme, which is the threshold version of the most efficient forward-secure signature scheme up to now.     

Strength prediction of multi-layer plain weave textile composites using the direct micromechanics method

Previously developed micromechanical methods for stiffness and strength prediction are adapted for analysis of multi-layer plain weave textile composites. Utilizing the direct micromechanics method (DMM) via finite element modeling, three methods are presented: (a) direct simulation of a multi-layer plain weave textile composite; (b) micromechanical analysis of a single layer of interest from the force and moment resultants acting on that layer; and (c) application of the previously developed quadratic stress-gradient failure theory to the layer of interest. In comparison to direct modeling, the other two techniques show only 5% difference over a number of random test cases. Several practical design examples of strength prediction are included to illustrate the importance and accuracy of method implementation.