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text-center" style="font-size:1.6rem;">Search results for: current regime</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9592</span> The Current And Prospective Legal Regime of Non-Orbital Flights</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Olga%20Koutsika">Olga Koutsika</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The paper deals primarily with the question of the legal framework of non-orbital flights. The submission is based upon two pillars, starting with the ill-defined current legal regime and proceeding to further recommendations for the prospective legal regime for non-orbital flights. For this reason, the paper focuses on certain key legal aspects of the topic, including among other things liability, responsibility, jurisdiction, registration and authorisation. Furthermore, taking into consideration the hybrid nature of both the craft conducting non-orbital flights and of the flights themselves, which exit airspace but do not enter an orbit in outer space, the paper addresses each legal question from the perspective of both air law and space law and concludes to a number of recommendations regarding the applicability of each legal regime for each legal question individually. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=current%20regime" title="current regime">current regime</a>, <a href="https://publications.waset.org/abstracts/search?q=legal%20framework" title="legal framework">legal framework</a>, <a href="https://publications.waset.org/abstracts/search?q=non-orbital%20flights" title=" non-orbital flights"> non-orbital flights</a>, <a href="https://publications.waset.org/abstracts/search?q=prospective%20regime" title="prospective regime">prospective regime</a> </p> <a href="https://publications.waset.org/abstracts/42270/the-current-and-prospective-legal-regime-of-non-orbital-flights" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/42270.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">383</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9591</span> Political Corruption in an Authoritarian Regime: a Story from the Kingdom of Morocco</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Noureddine%20Radouai">Noureddine Radouai</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Corruption is an endemic phenomenon in many countries around the globe. Morocco, as an authoritarian regime, relies on corruption for monarchy survival. I analyze the Makhzen structure and methods that it follows to exchange corruption for political loyalty. The abuse of power in Morocco is sponsored by the monarch itself as it is its way to remain its importance in the regime. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=corruption" title="corruption">corruption</a>, <a href="https://publications.waset.org/abstracts/search?q=Clientelism" title=" Clientelism"> Clientelism</a>, <a href="https://publications.waset.org/abstracts/search?q=authoritarian%20regime" title=" authoritarian regime"> authoritarian regime</a>, <a href="https://publications.waset.org/abstracts/search?q=Morocco" title=" Morocco"> Morocco</a> </p> <a href="https://publications.waset.org/abstracts/118993/political-corruption-in-an-authoritarian-regime-a-story-from-the-kingdom-of-morocco" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/118993.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">140</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9590</span> The Conflict Between the Current International Copyright Regime and the Islamic Social Justice Theory</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Abdelrahman%20Mohamed">Abdelrahman Mohamed</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Copyright law is a branch of the Intellectual Property Law that gives authors exclusive rights to copy, display, perform, and distribute copyrightable works. In theory, copyright law aims to promote the welfare of society by granting exclusive rights to the creators in exchange for the works that these creators produce for society. Thus, there are two different types of rights that a just regime should balance between them which are owners' rights and users' rights. The paper argues that there is a conflict between the current international copyright regime and the Islamic Social Justice Theory. This regime is unjust from the Islamic Social Justice Theory's perspective regarding access to educational materials because this regime was unjustly established by the colonizers to protect their interests, starting from the Berne Convention for the Protection of Literary and Artistic Works 1886 and reaching to the Trade-Related Aspects of Intellectual Property Rights 1994. Consequently, the injustice of this regime was reflected in the regulations of these agreements and led to an imbalance between the owners' rights and the users' rights in favor of the former at the expense of the latter. As a result, copyright has become a barrier to access to knowledge and educational materials. The paper starts by illustrating the concept of justice in Islamic sources such as the Quran, Sunnah, and El-Maslha-Elmorsalah. Then, social justice is discussed by focusing on the importance of access to knowledge and the right to education. The theory assumes that the right to education and access to educational materials are necessities; thus, to achieve justice in this regime, the users' rights should be granted regardless of their region, color, and financial situation. Then, the paper discusses the history of authorship protection under the Islamic Sharia and to what extent this right was recognized even before the existence of copyright law. According to this theory, the authors' rights should be protected, however, this protection should not be at the expense of the human's rights to education and the right to access to educational materials. Moreover, the Islamic Social Justice Theory prohibits the concentration of wealth among a few numbers of people, 'the minority'. Thus, if knowledge is considered an asset or a good, the concentration of knowledge is prohibited from the Islamic perspective, which is the current situation of the copyright regime where a few countries control knowledge production and distribution. Finally, recommendations will be discussed to mitigate the injustice of the current international copyright regime and to fill the gap between the current international copyright regime and the Islamic Social Justice Theory. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=colonization" title="colonization">colonization</a>, <a href="https://publications.waset.org/abstracts/search?q=copyright" title=" copyright"> copyright</a>, <a href="https://publications.waset.org/abstracts/search?q=intellectual%20property" title=" intellectual property"> intellectual property</a>, <a href="https://publications.waset.org/abstracts/search?q=Islamic%20sharia" title=" Islamic sharia"> Islamic sharia</a>, <a href="https://publications.waset.org/abstracts/search?q=social%20justice" title=" social justice"> social justice</a> </p> <a href="https://publications.waset.org/abstracts/191057/the-conflict-between-the-current-international-copyright-regime-and-the-islamic-social-justice-theory" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/191057.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">21</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9589</span> Hydrogen-Fueled Micro-Thermophotovoltaic Power Generator: Flame Regimes and Flame Stability</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Hosein%20Faramarzpour">Hosein Faramarzpour</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This work presents the optimum operational conditions for a hydrogen-based micro-scale power source, using a verified mathematical model including fluid dynamics and reaction kinetics. Thereafter the stable operational flame regime is pursued as a key factor in optimizing the design of micro-combustors. The results show that with increasing velocities, four H2 flame regimes develop in the micro-combustor, namely: 1) periodic ignition-extinction regime, 2) steady symmetric regime, 3) pulsating asymmetric regime, and 4) steady asymmetric regime. The first regime that appears in 0.8 m/s inlet velocity is a periodic ignition-extinction regime which is characterized by counter flows and tulip-shape flames. For flow velocity above 0.2 m/s, the flame shifts downstream, and the combustion regime switches to a steady symmetric flame where temperature increases considerably due to the increased rate of incoming energy. Further elevation in flow velocity up to 1 m/s leads to the pulsating asymmetric flame formation, which is associated with pulses in various flame properties such as temperature and species concentration. Further elevation in flow velocity up to 1 m/s leads to the pulsating asymmetric flame formation, which is associated with pulses in various flame properties such as temperature and species concentration. Ultimately, when the inlet velocity reached 1.2 m/s, the last regime was observed, and a steady asymmetric regime appeared. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=thermophotovoltaic%20generator" title="thermophotovoltaic generator">thermophotovoltaic generator</a>, <a href="https://publications.waset.org/abstracts/search?q=micro%20combustor" title=" micro combustor"> micro combustor</a>, <a href="https://publications.waset.org/abstracts/search?q=micro%20power%20generator" title=" micro power generator"> micro power generator</a>, <a href="https://publications.waset.org/abstracts/search?q=combustion%20regimes" title=" combustion regimes"> combustion regimes</a>, <a href="https://publications.waset.org/abstracts/search?q=flame%20dynamic" title=" flame dynamic"> flame dynamic</a> </p> <a href="https://publications.waset.org/abstracts/165921/hydrogen-fueled-micro-thermophotovoltaic-power-generator-flame-regimes-and-flame-stability" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/165921.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">101</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9588</span> A New Approach to Achieve the Regime Equations in Sand-Bed Rivers</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Farhad%20Imanshoar">Farhad Imanshoar </a> </p> <p class="card-text"><strong>Abstract:</strong></p> The regime or equilibrium geometry of alluvial rivers remains a topic of fundamental scientific and engineering interest. There are several approaches to analyze the problem, namely: empirical formulas, semi-theoretical methods and rational (extreme) procedures. However, none of them is widely accepted at present, due to lack of knowledge of some physical processes associated with channel formation and the simplification hypotheses imposed in order to reduce the high quantity of involved variables. The study presented in this paper shows a new approach to estimate stable width and depth of sand-bed rivers by using developed stream power equation (DSPE). At first, a new procedure based on theoretical analysis and by considering DSPE and ultimate sediment concentration were developed. Then, experimental data for regime condition in sand-bed rivers (flow depth, flow width, sediment feed rate for several cases) were gathered. Finally, the results of this research (regime equations) are compared with the field data and other regime equations. A good agreement was observed between the field data and the values resulted from developed regime equation. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=regime%20equations" title="regime equations">regime equations</a>, <a href="https://publications.waset.org/abstracts/search?q=developed%20stream%20power%20equation" title=" developed stream power equation"> developed stream power equation</a>, <a href="https://publications.waset.org/abstracts/search?q=sand-bed%20rivers" title=" sand-bed rivers"> sand-bed rivers</a>, <a href="https://publications.waset.org/abstracts/search?q=semi-theoretical%20methods" title=" semi-theoretical methods"> semi-theoretical methods</a> </p> <a href="https://publications.waset.org/abstracts/28554/a-new-approach-to-achieve-the-regime-equations-in-sand-bed-rivers" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/28554.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">268</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9587</span> From Restraint to Obligation: The Protection of the Environment in Times of Armed Conflict</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Aaron%20Walayat">Aaron Walayat</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Protection of the environment in international law has been one of the most developed in the context of international humanitarian law. This paper examines the history of the protection of the environment in times of armed conflict, beginning with the traditional notion of restraint observed in antiquity towards the obligation to protect the environment, examining the treaties and agreements, both binding and non-binding which have contributed to environmental protection in war. The paper begins with a discussion of the ancient concept of restraint. This section examines the social norms in favor of protection of the environment as observed in the Bible, Greco-Roman mythology, and even more contemporary literature. The study of the traditional rejection of total war establishes the social foundation on which the current legal regime has stemmed. The paper then studies the principle of restraint as codified in international humanitarian law. It mainly examines Additional Protocol I of the Geneva Convention of 1949 and existing international law concerning civilian objects and the principles of international humanitarian law in the classification between civilian objects and military objectives. The paper then explores the environment’s classification as both a military objective and as a civilian object as well as explores arguments in favor of the classification of the whole environment as a civilian object. The paper will then discuss the current legal regime surrounding the protection of the environment, discussing some declarations and conventions including the 1868 Declaration of St. Petersburg, the 1907 Hague Convention No. IV, the Geneva Conventions, and the 1976 Environmental Modification Convention. The paper concludes with the outline noting the movement from codification of the principles of restraint into the various treaties, agreements, and declarations of the current regime of international humanitarian law. This paper provides an analysis of the history and significance of the relationship between international humanitarian law as a major contributor to the growing field of international environmental law. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=armed%20conflict" title="armed conflict">armed conflict</a>, <a href="https://publications.waset.org/abstracts/search?q=environment" title=" environment"> environment</a>, <a href="https://publications.waset.org/abstracts/search?q=legal%20regime" title=" legal regime"> legal regime</a>, <a href="https://publications.waset.org/abstracts/search?q=restraint" title=" restraint"> restraint</a> </p> <a href="https://publications.waset.org/abstracts/98751/from-restraint-to-obligation-the-protection-of-the-environment-in-times-of-armed-conflict" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/98751.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">204</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9586</span> Experiments of a Free Surface Flow in a Hydraulic Channel over an Uneven Bottom</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=M.%20Bouinoun">M. Bouinoun</a>, <a href="https://publications.waset.org/abstracts/search?q=M.%20Bouhadef"> M. Bouhadef </a> </p> <p class="card-text"><strong>Abstract:</strong></p> The present study is concerned with the problem of determining the shape of the free surface flow in a hydraulic channel which has an uneven bottom. For the mathematical formulation of the problem, the fluid of the two-dimensional irrotational steady flow in water is assumed inviscid and incompressible. The solutions of the nonlinear problem are obtained by using the usual conformal mapping theory and Hilbert’s technique. An experimental study, for comparing the obtained results, has been conducted in a hydraulic channel (subcritical regime and supercritical regime). <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=free-surface%20flow" title="free-surface flow">free-surface flow</a>, <a href="https://publications.waset.org/abstracts/search?q=experiments" title=" experiments"> experiments</a>, <a href="https://publications.waset.org/abstracts/search?q=numerical%20method" title=" numerical method"> numerical method</a>, <a href="https://publications.waset.org/abstracts/search?q=uneven%20bottom" title=" uneven bottom"> uneven bottom</a>, <a href="https://publications.waset.org/abstracts/search?q=supercritical%20regime" title=" supercritical regime"> supercritical regime</a>, <a href="https://publications.waset.org/abstracts/search?q=subcritical%20regime" title=" subcritical regime"> subcritical regime</a> </p> <a href="https://publications.waset.org/abstracts/34224/experiments-of-a-free-surface-flow-in-a-hydraulic-channel-over-an-uneven-bottom" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/34224.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">378</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9585</span> Volatility Model with Markov Regime Switching to Forecast Baht/USD</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Nop%20Sopipan">Nop Sopipan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, we forecast the volatility of Baht/USDs using Markov Regime Switching GARCH (MRS-GARCH) models. These models allow volatility to have different dynamics according to unobserved regime variables. The main purpose of this paper is to find out whether MRS-GARCH models are an improvement on the GARCH type models in terms of modeling and forecasting Baht/USD volatility. The MRS-GARCH is the best performance model for Baht/USD volatility in short term but the GARCH model is best perform for long term. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=volatility" title="volatility">volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=Markov%20Regime%20Switching" title=" Markov Regime Switching"> Markov Regime Switching</a>, <a href="https://publications.waset.org/abstracts/search?q=forecasting" title=" forecasting"> forecasting</a>, <a href="https://publications.waset.org/abstracts/search?q=Baht%2FUSD" title=" Baht/USD"> Baht/USD</a> </p> <a href="https://publications.waset.org/abstracts/3942/volatility-model-with-markov-regime-switching-to-forecast-bahtusd" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/3942.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">302</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9584</span> Observation of Laminar to Turbulent Transition in Micro-Propellers</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Dake%20Wang">Dake Wang</a>, <a href="https://publications.waset.org/abstracts/search?q=Ellis%20Edinkrah"> Ellis Edinkrah</a>, <a href="https://publications.waset.org/abstracts/search?q=Brian%20Wang"> Brian Wang</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Micro-propellers can operate in regimes of small Reynolds numbers where the effect of viscous friction becomes important. In this work, the transition from laminar to turbulent regime in micro-propellers driven by electric motors was observed. The analysis revealed that the lift force was linearly proportional to propeller output power when systems operate in the laminar/viscous regime, while a sublinear relation between the force and the output power was observed in the turbulent/inertial regime. These behaviors appeared to be independent of motor-propeller specifications. The Reynolds number that marks the regime transition was found to be at around 10000. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=UAV" title="UAV">UAV</a>, <a href="https://publications.waset.org/abstracts/search?q=micro-propeller" title=" micro-propeller"> micro-propeller</a>, <a href="https://publications.waset.org/abstracts/search?q=laminar-turbulent" title=" laminar-turbulent"> laminar-turbulent</a>, <a href="https://publications.waset.org/abstracts/search?q=Reynolds%20number" title=" Reynolds number"> Reynolds number</a> </p> <a href="https://publications.waset.org/abstracts/168546/observation-of-laminar-to-turbulent-transition-in-micro-propellers" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/168546.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">99</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9583</span> On the Importance of Quality, Liquidity Level and Liquidity Risk: A Markov-Switching Regime Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tarik%20Bazgour">Tarik Bazgour</a>, <a href="https://publications.waset.org/abstracts/search?q=Cedric%20Heuchenne"> Cedric Heuchenne</a>, <a href="https://publications.waset.org/abstracts/search?q=Danielle%20Sougne"> Danielle Sougne</a> </p> <p class="card-text"><strong>Abstract:</strong></p> We examine time variation in the market beta of portfolios sorted on quality, liquidity level and liquidity beta characteristics across stock market phases. Using US stock market data for the period 1970-2010, we find, first, the US stock market was driven by four regimes. Second, during the crisis regime, low (high) quality, high (low) liquidity beta and illiquid (liquid) stocks exhibit an increase (a decrease) in their market betas. This finding is consistent with the flight-to-quality and liquidity phenomena. Third, we document the same pattern across stocks when the market volatility is low. We argue that, during low volatility times, investors shift their portfolios towards low quality and illiquid stocks to seek portfolio gains. The pattern observed in the tranquil regime can be, therefore, explained by a flight-to-low-quality and to illiquidity. Finally, our results reveal that liquidity level is more important than liquidity beta during the crisis regime. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=financial%20crises" title="financial crises">financial crises</a>, <a href="https://publications.waset.org/abstracts/search?q=quality" title=" quality"> quality</a>, <a href="https://publications.waset.org/abstracts/search?q=liquidity" title=" liquidity"> liquidity</a>, <a href="https://publications.waset.org/abstracts/search?q=liquidity%20risk" title=" liquidity risk"> liquidity risk</a>, <a href="https://publications.waset.org/abstracts/search?q=regime-switching%20models" title=" regime-switching models"> regime-switching models</a> </p> <a href="https://publications.waset.org/abstracts/16128/on-the-importance-of-quality-liquidity-level-and-liquidity-risk-a-markov-switching-regime-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/16128.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">404</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9582</span> The Nexus between Country Risk and Exchange Rate Regimes: A Global Investigation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Jie%20Liu">Jie Liu</a>, <a href="https://publications.waset.org/abstracts/search?q=Wei%20Wei"> Wei Wei</a>, <a href="https://publications.waset.org/abstracts/search?q=Chun-Ping%20Chang"> Chun-Ping Chang</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Using a sample of 110 countries over the period 1984-2013, this paper examines the impacts of country risks on choosing a specific exchange rate regime (first by utilizing the Levy-Yeyati and Sturzenegger de facto classification and then robusting it by the IMF de jure measurement) relative to other regimes via the panel multinomial logit approach. Empirical findings are as follows. First, in the full samples case we provide evidence that government is more likely to implement a flexible regime, but less likely to adopt a fixed regime, under a low level of composite and financial risk. Second, we find that Eurozone countries are more likely to choose a fixed exchange rate regime with a decrease in the level of country risk and favor a flexible regime in response to a shock from an increase of risk, which is opposite to non-Eurozone countries. Third, we note that high-risk countries are more likely to choose a fixed regime with a low level of composite and political risk in the government, but do not adjust the exchange rate regime as a shock absorber when facing economic and financial risks. It is interesting to see that those countries with relatively low risk display almost opposite results versus high-risk economies. Overall, we believe that it is critically important to account for political economy variables in a government’s exchange rate policy decisions, especially for country risks. All results are robust to the panel ordered probit model. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=country%20risk" title="country risk">country risk</a>, <a href="https://publications.waset.org/abstracts/search?q=political%20economy" title=" political economy"> political economy</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate%20regimes" title=" exchange rate regimes"> exchange rate regimes</a>, <a href="https://publications.waset.org/abstracts/search?q=shock%20absorber" title=" shock absorber"> shock absorber</a> </p> <a href="https://publications.waset.org/abstracts/49375/the-nexus-between-country-risk-and-exchange-rate-regimes-a-global-investigation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/49375.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">302</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9581</span> The Sustainability of Public Debt in Taiwan</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Chiung-Ju%20Huang">Chiung-Ju Huang</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examines whether the Taiwan’s public debt is sustainable utilizing an unrestricted two-regime threshold autoregressive (TAR) model with an autoregressive unit root. The empirical results show that Taiwan’s public debt appears as a nonlinear series and is stationary in regime 1 but not in regime 2. This result implies that while Taiwan’s public debt was mostly sustainable over the 1996 to 2013 period examined in the study, it may no longer be sustainable in the most recent two years as the public debt ratio has increased cumulatively to 3.618%. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=nonlinearity" title="nonlinearity">nonlinearity</a>, <a href="https://publications.waset.org/abstracts/search?q=public%20debt" title=" public debt"> public debt</a>, <a href="https://publications.waset.org/abstracts/search?q=sustainability" title=" sustainability"> sustainability</a>, <a href="https://publications.waset.org/abstracts/search?q=threshold%20autoregressive%20model" title=" threshold autoregressive model"> threshold autoregressive model</a> </p> <a href="https://publications.waset.org/abstracts/10069/the-sustainability-of-public-debt-in-taiwan" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/10069.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">448</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9580</span> Impacts of Hydrologic and Topographic Changes on Water Regime Evolution of Poyang Lake, China</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Feng%20Huang">Feng Huang</a>, <a href="https://publications.waset.org/abstracts/search?q=Carlos%20G.%20Ochoa"> Carlos G. Ochoa</a>, <a href="https://publications.waset.org/abstracts/search?q=Haitao%20Zhao"> Haitao Zhao</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Poyang Lake, the largest freshwater lake in China, is located at the middle-lower reaches of the Yangtze River basin. It has great value in socioeconomic development and is internationally recognized as an important lacustrine and wetland ecosystem with abundant biodiversity. Impacted by ongoing climate change and anthropogenic activities, especially the regulation of the Three Gorges Reservoir since 2003, Poyang Lake has experienced significant water regime evolution, resulting in challenges for the management of water resources and the environment. Quantifying the contribution of hydrologic and topographic changes to water regime alteration is necessary for policymakers to design effective adaption strategies. Long term hydrologic data were collected and the back-propagation neural networks were constructed to simulate the lake water level. The impacts of hydrologic and topographic changes were differentiated through scenario analysis that considered pre-impact and post-impact hydrologic and topographic scenarios. The lake water regime was characterized by hydrologic indicators that describe monthly water level fluctuations, hydrologic features during flood and drought seasons, and frequency and rate of hydrologic variations. The results revealed different contributions of hydrologic and topographic changes to different features of the lake water regime.Noticeable changes were that the water level declined dramatically during the period of reservoir impoundment, and the drought was enhanced during the dry season. The hydrologic and topographic changes exerted a synergistic effect or antagonistic effect on different lake water regime features. The findings provide scientific reference for lacustrine and wetland ecological protection associated with water regime alterations. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=back-propagation%20neural%20network" title="back-propagation neural network">back-propagation neural network</a>, <a href="https://publications.waset.org/abstracts/search?q=scenario%20analysis" title=" scenario analysis"> scenario analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=water%20regime" title=" water regime"> water regime</a>, <a href="https://publications.waset.org/abstracts/search?q=Poyang%20Lake" title=" Poyang Lake"> Poyang Lake</a> </p> <a href="https://publications.waset.org/abstracts/122439/impacts-of-hydrologic-and-topographic-changes-on-water-regime-evolution-of-poyang-lake-china" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/122439.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">139</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9579</span> Comparison of Buyback Contracts and Concession Regimes in the Regime of the Common Law System and the Islamic Legal Regime</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Javid%20Zarei">Javid Zarei</a> </p> <p class="card-text"><strong>Abstract:</strong></p> International buyback contracts are a type of contract service. These kinds of contracts are the most important instrument for attracting foreign investors in accordance with Iran's laws. These contracts have been the basis of commercial and economic relations between Iran and foreign companies for about 30 years. The legal structure of this type of contract has gradually evolved, so today, an advanced generation of it under the title of Iran Petroleum Contract is being used in the industry of Iran. This article has analytically examined the issue of Iran's commercial contracts in the oil industry and contracting services and allocated sections to examine the strengths and weaknesses of these oil contracts. Also, this research is an attempt to examine and compare the Concession regime with the Buyback contracts, each of which is derived from the common law legal system and the Islamic legal system, respectively. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=buyback%20contracts" title="buyback contracts">buyback contracts</a>, <a href="https://publications.waset.org/abstracts/search?q=concession%20regime" title=" concession regime"> concession regime</a>, <a href="https://publications.waset.org/abstracts/search?q=ownership" title=" ownership"> ownership</a>, <a href="https://publications.waset.org/abstracts/search?q=common%20law%20legal%20system" title=" common law legal system"> common law legal system</a>, <a href="https://publications.waset.org/abstracts/search?q=Islamic%20legal%20system%20of%20Iran" title=" Islamic legal system of Iran"> Islamic legal system of Iran</a> </p> <a href="https://publications.waset.org/abstracts/156460/comparison-of-buyback-contracts-and-concession-regimes-in-the-regime-of-the-common-law-system-and-the-islamic-legal-regime" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/156460.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">82</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9578</span> Pricing European Continuous-Installment Options under Regime-Switching Models</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Saghar%20Heidari">Saghar Heidari</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, we study the valuation problem of European continuous-installment options under Markov-modulated models with a partial differential equation approach. Due to the opportunity for continuing or stopping to pay installments, the valuation problem under regime-switching models can be formulated as coupled partial differential equations (CPDE) with free boundary features. To value the installment options, we express the truncated CPDE as a linear complementarity problem (LCP), then a finite element method is proposed to solve the resulted variational inequality. Under some appropriate assumptions, we establish the stability of the method and illustrate some numerical results to examine the rate of convergence and accuracy of the proposed method for the pricing problem under the regime-switching model. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=continuous-installment%20option" title="continuous-installment option">continuous-installment option</a>, <a href="https://publications.waset.org/abstracts/search?q=European%20option" title=" European option"> European option</a>, <a href="https://publications.waset.org/abstracts/search?q=regime-switching%20model" title=" regime-switching model"> regime-switching model</a>, <a href="https://publications.waset.org/abstracts/search?q=finite%20element%20method" title=" finite element method"> finite element method</a> </p> <a href="https://publications.waset.org/abstracts/130909/pricing-european-continuous-installment-options-under-regime-switching-models" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/130909.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">137</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9577</span> Democratic Action as Insurgency: On Claude Lefort's Concept of the Political Regime</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Lorenzo%20Buti">Lorenzo Buti</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper investigates the nature of democratic action through a critical reading of Claude Lefort’s notion of the democratic ‘regime’. Lefort provides one of the most innovative accounts of the essential features of a democratic regime. According to him, democracy is a political regime that acknowledges the indeterminacy of a society and stages it as a contestation between competing political actors. As such, democracy provides the symbolic markers of society’s openness towards the future. However, despite their democratic features, the recent decades in late capitalist societies attest to a sense of the future becoming fixed and predetermined. This suggests that Lefort’s conception of democracy harbours a misunderstanding of the character and experience of democratic action. This paper examines this underlying tension in Lefort’s work. It claims that Lefort underestimates how a democratic regime, next to its symbolic function, also takes a materially constituted form with its particular dynamics of power relations. Lefort’s systematic dismissal of this material dimension for democratic action can lead to the contemporary paradoxical situation where democracy’s symbolic markers are upheld (free elections, public debate, dynamic between government and opposition in parliament,…) but the room for political decision-making is constrained due to a myriad of material constraints (e.g., market pressures, institutional inertias). The paper draws out the implications for the notion of democratic action. Contra Lefort, it argues that democratic action necessarily targets the material conditions that impede the capacity for decision-making on the basis of equality and liberty. This analysis shapes our understanding of democratic action in two ways. First, democratic action takes an asymmetrical, insurgent form, as a contestation of material power relations from below. Second, it reveals an ambivalent position vis-à-vis the political regime: democratic action is symbolically made possible by the democratic dispositive, but it contests the constituted form that the democratic regime takes. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Claude%20Lefort" title="Claude Lefort">Claude Lefort</a>, <a href="https://publications.waset.org/abstracts/search?q=democratic%20action" title=" democratic action"> democratic action</a>, <a href="https://publications.waset.org/abstracts/search?q=material%20constitution" title=" material constitution"> material constitution</a>, <a href="https://publications.waset.org/abstracts/search?q=political%20regime" title=" political regime"> political regime</a> </p> <a href="https://publications.waset.org/abstracts/123814/democratic-action-as-insurgency-on-claude-leforts-concept-of-the-political-regime" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/123814.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">141</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9576</span> Comparison of Regime Transition between Ellipsoidal and Spherical Particle Assemblies in a Model Shear Cell </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=M.%20Hossain">M. Hossain</a>, <a href="https://publications.waset.org/abstracts/search?q=H.%20P.%20Zhu"> H. P. Zhu</a>, <a href="https://publications.waset.org/abstracts/search?q=A.%20B.%20Yu"> A. B. Yu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper presents a numerical investigation of regime transition of flow of ellipsoidal particles and a comparison with that of spherical particle assembly. Particle assemblies constituting spherical and ellipsoidal particle of 2.5:1 aspect ratio are examined at separate instances in similar flow conditions in a shear cell model that is numerically developed based on the discrete element method. Correlations among elastically scaled stress, kinetically scaled stress, coordination number and volume fraction are investigated, and show important similarities and differences for the spherical and ellipsoidal particle assemblies. In particular, volume fractions at points of regime transition are identified for both types of particles. It is found that compared with spherical particle assembly, ellipsoidal particle assembly has higher volume fraction for the quasistatic to intermediate regime transition and lower volume fraction for the intermediate to inertial regime transition. Finally, the relationship between coordination number and volume fraction shows strikingly distinct features for the two cases, suggesting that different from spherical particles, the effect of the shear rate on the coordination number is not significant for ellipsoidal particles. This work provides a glimpse of currently running work on one of the most attractive scopes of research in this field and has a wide prospect in understanding rheology of more complex shaped particles in light of the strong basis of simpler spherical particle rheology. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=DEM" title="DEM">DEM</a>, <a href="https://publications.waset.org/abstracts/search?q=granular%20rheology" title=" granular rheology"> granular rheology</a>, <a href="https://publications.waset.org/abstracts/search?q=non-spherical%20particles" title=" non-spherical particles"> non-spherical particles</a>, <a href="https://publications.waset.org/abstracts/search?q=regime%20transition" title=" regime transition"> regime transition</a> </p> <a href="https://publications.waset.org/abstracts/57564/comparison-of-regime-transition-between-ellipsoidal-and-spherical-particle-assemblies-in-a-model-shear-cell" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/57564.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">263</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9575</span> From Reform to Revolt: Bashar al-Assad and the Arab Tribes in Syria</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Haian%20Dukhan">Haian Dukhan</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The death of Hafez al-Assad and the ascension of his son, Bashar, to rule brought an end to the state-society dynamics that his father worked on for decades. Hafez al-Assad built an authoritarian state that rests on patronage networks that connected his regime to the society. During Bashar’s reign, these patronage relationships have been affected by the policies of privatization and liberalization. Privatization and liberalisation of the economy have created new economic and social players that transformed the populist nature of the authoritarian regime into a regime that is connected mainly with bourgeoisie and the upper class neglecting the rural tribal constituency that was a vital part of Hafez al-Assad’s authoritarian state. Drawing on different data gathered through interviews as well as written literature, this paper will explore the policies that Bashar al-Assad carried out towards the Arab tribes in the period extended from 2000 until 2010. The paper starts by outlining how Bashar al-Assad narrowed the coalition of his rule to depend mainly on his family, the city merchants excluding the lower and middle strata in the periphery. It will then trace the disintegration of the social contract between the regime and the Arab tribe as a result of the latter’s failure to deliver adequate development services in their regions. Losing the support of the tribes undermined the stability of the regime resulting in different clashes between the tribes themselves, the tribes and the Kurds, the tribes and the druze (a sect of Islam situated in Southern Syria), which will be investigated in detail in this paper. In similar policies adopted by his father who used the tribes as leverage against the Islamists and the Kurds, Bashar al-Assad’s regime encouragement of Syrian tribal youth to join the Iraqi insurgency against the Americans will be explored in detail. The regime’s tolerance of Iran missionary activities in the tribal regions and its accommodation of Islamists group’s activities in those regions have erased the regime’s secular foundation. This paper will argue that Bashar al-Assad’s policies towards the Arab tribes have chipped away the regime’s ideological pillars and threatened the longer-term cohesion of its social base which paved the way for the uprising to start in the tribal regions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Syria" title="Syria">Syria</a>, <a href="https://publications.waset.org/abstracts/search?q=tribes" title=" tribes"> tribes</a>, <a href="https://publications.waset.org/abstracts/search?q=uprising" title=" uprising"> uprising</a>, <a href="https://publications.waset.org/abstracts/search?q=regime" title=" regime"> regime</a> </p> <a href="https://publications.waset.org/abstracts/36885/from-reform-to-revolt-bashar-al-assad-and-the-arab-tribes-in-syria" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/36885.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">377</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9574</span> Effect of Irrigation Regime and Plant Density on Chickpea (Cicer arietinum L.) Yield in a Semi-Arid Environment </h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Atif%20Naim">Atif Naim</a>, <a href="https://publications.waset.org/abstracts/search?q=Faisal%20E.%20Ahmed"> Faisal E. Ahmed</a>, <a href="https://publications.waset.org/abstracts/search?q=Sershen"> Sershen</a> </p> <p class="card-text"><strong>Abstract:</strong></p> A field experiment was conducted for two consecutive winter seasons at the Demonstration Farm of the Faculty of Agriculture, University of Khartoum, Sudan, to study effects of different levels of irrigation regime and plant density on yield of introduced small seeded (desi type) chickpea cultivar (ILC 482). The experiment was laid out in a 3X3 factorial split-plot design with 4 replications. The treatments consisted of three irrigation regimes (designated as follows: I1 = optimum irrigation, I2 = moderate stress and I3 = severe stress; this corresponded with irrigation after drainage of 50%, 75% and 100% of available water based on 70%, 60% and 50% of field capacity, respectively) assigned as main plots and three plant densities (D₁=20, D₂= 40 and D₃= 60 plants/m²) assigned as subplots. The results indicated that the yield components (number of pods per plant, number of seeds per pod, 100 seed weight), seed yield per plant, harvest index and yield per unit area of chickpea were significantly (p < 0.05) affected by irrigation regime. Decreasing irrigation regime significantly (p < 0.05) decreased all measured parameters. Alternatively, increasing plant density significantly (p < 0.05) decreased the number of pods and seed yield per plant and increased seed yield per unit area. While number of seeds per pod and harvest index were not significantly (p > 0.05) affected by plant density. Interaction between irrigation regime and plant density was also significantly (p < 0.05) affected all measured parameters of yield, except for harvest index. It could be concluded that the best irrigation regime was full irrigation (after drainage of 50% available water at 70% field capacity) and the optimal plant density was 20 plants/m² under conditions of semi-arid regions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=irrigation%20regime" title="irrigation regime">irrigation regime</a>, <a href="https://publications.waset.org/abstracts/search?q=Cicer%20arietinum" title=" Cicer arietinum"> Cicer arietinum</a>, <a href="https://publications.waset.org/abstracts/search?q=chickpea" title=" chickpea"> chickpea</a>, <a href="https://publications.waset.org/abstracts/search?q=plant%20density" title=" plant density"> plant density</a> </p> <a href="https://publications.waset.org/abstracts/71355/effect-of-irrigation-regime-and-plant-density-on-chickpea-cicer-arietinum-l-yield-in-a-semi-arid-environment" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/71355.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">225</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9573</span> Numerical Pricing of Financial Options under Irrational Exercise Times and Regime-Switching Models</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mohammad%20Saber%20Rohi">Mohammad Saber Rohi</a>, <a href="https://publications.waset.org/abstracts/search?q=Saghar%20Heidari"> Saghar Heidari</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper, we studied the pricing problem of American options under a regime-switching model with the possibility of a non-optimal exercise policy (early or late exercise time) which is called an irrational strategy. For this, we consider a Markovmodulated model for the dynamic of the underlying asset as an alternative model to the classical Balck-Scholes-Merton model (BSM) and an intensity-based model for the irrational strategy, to provide more realistic results for American option prices under the irrational behavior in real financial markets. Applying a partial differential equation (PDE) approach, the pricing problem of American options under regime-switching models can be formulated as coupled PDEs. To solve the resulting systems of PDEs in this model, we apply a finite element method as the numerical solving procedure to the resulting variational inequality. Under some appropriate assumptions, we establish the stability of the method and compare its accuracy to some recent works to illustrate the suitability of the proposed model and the accuracy of the applied numerical method for the pricing problem of American options under the regime-switching model with irrational behaviors. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=irrational%20exercise%20strategy" title="irrational exercise strategy">irrational exercise strategy</a>, <a href="https://publications.waset.org/abstracts/search?q=rationality%20parameter" title=" rationality parameter"> rationality parameter</a>, <a href="https://publications.waset.org/abstracts/search?q=regime-switching%20model" title=" regime-switching model"> regime-switching model</a>, <a href="https://publications.waset.org/abstracts/search?q=American%20option" title=" American option"> American option</a>, <a href="https://publications.waset.org/abstracts/search?q=finite%20element%20method" title=" finite element method"> finite element method</a>, <a href="https://publications.waset.org/abstracts/search?q=variational%20inequality" title=" variational inequality"> variational inequality</a> </p> <a href="https://publications.waset.org/abstracts/160801/numerical-pricing-of-financial-options-under-irrational-exercise-times-and-regime-switching-models" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/160801.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">73</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9572</span> EarlyWarning for Financial Stress Events:A Credit-Regime Switching Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Fuchun%20Li">Fuchun Li</a>, <a href="https://publications.waset.org/abstracts/search?q=Hong%20Xiao"> Hong Xiao </a> </p> <p class="card-text"><strong>Abstract:</strong></p> We propose a new early warning model for predicting financial stress events for a given future time. In this model, we examine whether credit conditions play an important role as a nonlinear propagator of shocks when predicting the likelihood of occurrence of financial stress events for a given future time. This propagation takes the form of a threshold regression in which a regime change occurs if credit conditions cross a critical threshold. Given the new early warning model for financial stress events, we evaluate the performance of this model and currently available alternatives, such as the model from signal extraction approach, and linear regression model. In-sample forecasting results indicate that the three types of models are useful tools for predicting financial stress events while none of them outperforms others across all criteria considered. The out-of-sample forecasting results suggest that the credit-regime switching model performs better than the two others across all criteria and all forecasting horizons considered. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=cut-off%20probability" title="cut-off probability">cut-off probability</a>, <a href="https://publications.waset.org/abstracts/search?q=early%20warning%20model" title=" early warning model"> early warning model</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20crisis" title=" financial crisis"> financial crisis</a>, <a href="https://publications.waset.org/abstracts/search?q=financial%20stress" title=" financial stress"> financial stress</a>, <a href="https://publications.waset.org/abstracts/search?q=regime-switching%20model" title=" regime-switching model"> regime-switching model</a>, <a href="https://publications.waset.org/abstracts/search?q=forecasting%20horizons" title=" forecasting horizons "> forecasting horizons </a> </p> <a href="https://publications.waset.org/abstracts/33040/earlywarning-for-financial-stress-eventsa-credit-regime-switching-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/33040.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">435</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9571</span> Spillovers between Oil and the Gulf Cooperation Council Stock Markets: Fresh Evidence from a Regime-Switching Approach</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ahmed%20BenSa%C3%AFda">Ahmed BenSaïda</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This study examines the relationship between crude oil and the Gulf Cooperation Council (GCC) region stock markets by employing a regime-switching approach. The methodology provides new insights into how the interrelationship between oil and GCC stock markets may fluctuate in different economic or market regimes, which is crucial for understanding the transmission of oil shocks and tailoring policy responses. Our findings indicate that the spillovers between the underlying assets are asymmetric. Specifically, during the turmoil periods, the connectedness is intense among these assets, whereas during tranquil periods, the linkage is moderate. Furthermore, an increase in oil prices can positively contribute to the profits of firms that are heavily dependent on oil, leading to an increase in the linkage between these countries and crude oil. The findings have important implications for investors and decision-makers in the GCC region. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=GCC%20indices" title="GCC indices">GCC indices</a>, <a href="https://publications.waset.org/abstracts/search?q=oil" title=" oil"> oil</a>, <a href="https://publications.waset.org/abstracts/search?q=regime-switching" title=" regime-switching"> regime-switching</a>, <a href="https://publications.waset.org/abstracts/search?q=spillovers" title=" spillovers"> spillovers</a> </p> <a href="https://publications.waset.org/abstracts/192294/spillovers-between-oil-and-the-gulf-cooperation-council-stock-markets-fresh-evidence-from-a-regime-switching-approach" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/192294.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">19</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9570</span> Anthropology of Women and War (1979-1988) in Iran: The Role of Islamic Republic Media</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Mina%20Dousti">Mina Dousti</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Like many women worldwide, and especially those living in the Middle East, Iranian women are struggling to have equal rights as men. The Islamic Republic regime, established in 1979, made this path even more difficult for Iranian women. Media and the Islamic Republic's powerful propaganda are the main factors and advertisers in omitting women's social rights and civic activities. Also, the hijab (veil), which became obligatory immediately after the revolution based on the Qur'an and religious Hadiths, was another way of suppressing women. Since the Islamic Republic Revolution and the following Iran-Iraq war (1980-1988), the Iranian female community has been experiencing different social and legal challenges. Aside from the Islamic regime's role in ignoring women, their families have also contributed to this limitation via unreasonable zeals and religious prejudices. Subsequently, all these factors led to pushing Iranian women to the corner and public dormancy. During the eight-year war, many Iranian women directly participated in the war front line. Although they became martyred, the regime intentionally ignored their public presence employing Islamic justifications and Sharia as an excuse. The government did these actions to justify censorship and unfairness toward women. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Iranian%20women" title="Iranian women">Iranian women</a>, <a href="https://publications.waset.org/abstracts/search?q=Islamic%20Republic%20Regime" title=" Islamic Republic Regime"> Islamic Republic Regime</a>, <a href="https://publications.waset.org/abstracts/search?q=hijab" title=" hijab"> hijab</a>, <a href="https://publications.waset.org/abstracts/search?q=revolution" title=" revolution"> revolution</a>, <a href="https://publications.waset.org/abstracts/search?q=Iran-Iraq%20war" title=" Iran-Iraq war"> Iran-Iraq war</a>, <a href="https://publications.waset.org/abstracts/search?q=Martyr" title=" Martyr"> Martyr</a> </p> <a href="https://publications.waset.org/abstracts/136549/anthropology-of-women-and-war-1979-1988-in-iran-the-role-of-islamic-republic-media" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/136549.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">146</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9569</span> The Integration of Prosecutorial Discretion in the Anti-Money Laundering Regime in Nigeria: A Focus on Politically Exposed Persons</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Chineduum%20Okpala">Chineduum Okpala</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Nigeria, since her independence, has been engulfed in financial crimes of different forms. From embezzlement and conversion of public funds by public servants to stealing, contract inflation, and money laundering. Money laundering in Nigeria, particularly by political exposed persons, has been an issue of concern since independence. Corruption has been endemic, and Nigeria needs to integrate pro-active measures to show to the international community that it is ready to move against this vice. This paper discusses the negative effect of corruption and its effect on prosecutorial discretion. It also takes cognisance of the policy and aims of the anti-money laundering (AML) policy as enacted in Nigeria. It also takes as valid the assumption that the effective application of the rule of law will improve the efficacy of the Nigerian regime. In this regard, the perspective is internal to the Nigerian regime and its internal policy discourse which also reflect its policy discourse at international level. This paper takes notice of the typology of money laundering (ML) offences that most affect Nigeria, which hinges on corruption and abuse of office by a specific type of person, politically exposed persons (PEP). This typology of money laundering offence appears to be the most prevalent in developing nations like Nigeria. The application of essential principles of law provides an opportunity for the internalisation of the rule of law in the anti-money laundering regime in Nigeria, which could aid the successful prosecution of politically exposed persons on money laundering offences. The rule of law and how well the Nigerian legal system manages to deal with the interface between high level politics and the criminal justice system in Nigeria cannot be understood from internal sources but must be developed as a genuine but critical account informed by perspectives external to the Nigerian regime. If the efficacy of the regime is to be assessed in view of notorious failures of the regime, an external assessment is needed. Hence the paper discusses the need to integrate the essential principles of law in the application of prosecutorial discretion in the anti-money laundering regime in Nigeria, particularly with politically exposed persons. The paper highlights jurisdiction where prosecutorial discretion is integrated into the anti-money laundering regime in accordance to the rule of law which forms a basis for comparative analysis of the success of the anti-money laundering regime in Nigeria. This paper discusses why the application of prosecutorial discretion should not be used as a tool to extricate or avail the rich and powerful in the society from justice. The paper aims to argue that the successful prosecution of politically exposed persons, will raise the confidence of the citizens and the international community in the anti-money laundering regime in Nigeria. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=money%20laundering" title="money laundering">money laundering</a>, <a href="https://publications.waset.org/abstracts/search?q=politically%20exposed%20persons" title=" politically exposed persons"> politically exposed persons</a>, <a href="https://publications.waset.org/abstracts/search?q=corruption" title=" corruption"> corruption</a>, <a href="https://publications.waset.org/abstracts/search?q=Nigeria" title=" Nigeria"> Nigeria</a> </p> <a href="https://publications.waset.org/abstracts/103460/the-integration-of-prosecutorial-discretion-in-the-anti-money-laundering-regime-in-nigeria-a-focus-on-politically-exposed-persons" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/103460.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">130</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9568</span> The Consequences of Regime Change in Iraq; Formation and Continuation of Geopolitical Crises</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ali%20Asghar%20Sotoudeh">Ali Asghar Sotoudeh</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Since the US invasion of Iraq in 2003 and the subsequent regime change, internal conflicts between political and ethnic-religious groups have become a hallmark of Iraqi political dynamism. The most important manifestations of these conflicts are the Kurdish-central government conflicts, as well as fundamentalism since 2003. As a result, it seems not only US presence in Iraq under the pretext of fighting terrorism and expanding democracy has not had a positive effect on controlling fundamentalism and political stability in Iraq, but it has paved the way for the formation and continuation of geopolitical crises in the form of disputes over territory and sources of power. In this regard, given the importance of the study, the main purpose of this study is to examine the process of the impact of US regime-change policy on the formation and continuation of geopolitical crises in Iraq. The central question of this study is, what effect has the US regime change policy had on Iraq's domestic political processes? Findings show that regime change and subsequent imposed federalism have widened the gaps in Iraq's sectarian-ethnic system. As a result, the geopolitical crisis in the context of the dispute over geographical territory and sources of power between ethnic-religious groups has become the most important political dynamic in Iraq since the occupation. The research method in this article is descriptive-analytical, and the data collection method is library and internet resources. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Iraq" title="Iraq">Iraq</a>, <a href="https://publications.waset.org/abstracts/search?q=united%20states" title=" united states"> united states</a>, <a href="https://publications.waset.org/abstracts/search?q=geopolitical%20crisis" title=" geopolitical crisis"> geopolitical crisis</a>, <a href="https://publications.waset.org/abstracts/search?q=ethno-religious%20conflict" title=" ethno-religious conflict"> ethno-religious conflict</a>, <a href="https://publications.waset.org/abstracts/search?q=political%20federalism" title=" political federalism"> political federalism</a> </p> <a href="https://publications.waset.org/abstracts/132763/the-consequences-of-regime-change-in-iraq-formation-and-continuation-of-geopolitical-crises" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/132763.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">147</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9567</span> Social Infrastracture the Case of Education in Ethiopia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tekalign%20Gidi%20Kure">Tekalign Gidi Kure</a> </p> <p class="card-text"><strong>Abstract:</strong></p> This paper addresses a range of serious problems involving higher education in Ethiopia. In spite of increased enrollment in higher education, educational quality is deteriorating afterwards. Thus, this paper tried to assess the role of social infrastructure in education for economic development of the country and examined major critical problems in higher education of Ethiopia such as higher education finance, curriculum development, and instructor’s career development. Primarily the paper discusses the fundamental contributions of social infrastructure in higher education to economic development; namely development of human capital, improved health, life expectancy, increased productivity, and personal saving, then, the paper examines critically higher education in three regimes of Ethiopia (Emperor Regime, Derg Regime and EPDRF/current government). Thus, four main questions were raised during this research: "What are the antecedents of Ethiopia Higher Education System under three regimes?", " what are the current and emerging higher educational needs in Ethiopia economic development?", " what are the role of private sector in addressing the gaps in the higher education of the country and its adverse effect on quality issues? ", and "what improvements are needed in higher education system of Ethiopia?". Documents from Ministry of Education in Ethiopia, National Statistical Abstracts, and Reports from the World Bank and other recognized institutions were used in addition to recent empirical researches conducted in the country. In doing so, care had been taken to reduce prejudiced reports by involving different reports from multiple sources. The paper concludes that during emperor system higher education enrollment was among the very lowest in the world, therefore, the skilled human resource available to guide development were little, but the cost was very high. During the Derg regime where an ideological change in the system penetrated into higher education resulted with the lack of a large amount of resources to support higher education; the war inside and outside the country diverts resources from the sector. The main purpose of this paper is not only to discuss the problems and issues of higher education in the past, but it also investigates the influence that the current expansion of higher education has on the finance, staff, and other resources for the quality of education. The paper concludes that higher education in Ethiopia are financed by government, outdated curriculum and lagging behind the standard regarding qualified staff. Finally, it provided inevitable solutions if the country wants to gain well record in quality of education as well. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=social%20infrastructure" title="social infrastructure">social infrastructure</a>, <a href="https://publications.waset.org/abstracts/search?q=higher%20education" title=" higher education"> higher education</a>, <a href="https://publications.waset.org/abstracts/search?q=ethiopia" title=" ethiopia"> ethiopia</a>, <a href="https://publications.waset.org/abstracts/search?q=education%20quality" title=" education quality"> education quality</a> </p> <a href="https://publications.waset.org/abstracts/36167/social-infrastracture-the-case-of-education-in-ethiopia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/36167.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">526</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9566</span> Immigration without Settlement: Causes and Consequences of Exclusionary Migration Regime in East Asia</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Yen-Fen%20Tseng">Yen-Fen Tseng</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Studying migration regimes enables one to identify clusters of countries with policy features in common. A few researchers have pointed out the origin of hardship experienced by foreign workers in Taiwan, Japan, and South Korea, stems from their exclusionary migration regime. This paper aims to understand the causes and consequences of the East Asia migration regime, exploring the common exclusionary policies features of Taiwan, Japan, and South Korea, focusing on the foreign labor policy. It will then present explanations as to factors shaping migration regime; the perspective of factors within political system is adopted, as opposed to political economy and pluralist society approach. In the minds of political elites across East Asia, there exists a powerful belief in mono-ethnicity, namely, the benefits of mono-ethnicity and the social ill of “minority problems”. Guest workers policies of various alterations become the compromise between the want for foreign labor and the desire to maintain mono-ethnicity. The paper discusses the absence of immigrant settlement and formation of ethnic communities as a result of the reluctant hosts. Migrant workers in these societies commonly suffer from irregular working conditions as well as unprotected rights out of their denied legality. The case of Taiwan will be presented with greater details, drawing on data from both first-hand and secondary sources. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=migration%20regime" title="migration regime">migration regime</a>, <a href="https://publications.waset.org/abstracts/search?q=guest%20worker%20policies" title=" guest worker policies"> guest worker policies</a>, <a href="https://publications.waset.org/abstracts/search?q=East%20Asia" title=" East Asia"> East Asia</a>, <a href="https://publications.waset.org/abstracts/search?q=society" title=" society"> society</a> </p> <a href="https://publications.waset.org/abstracts/12427/immigration-without-settlement-causes-and-consequences-of-exclusionary-migration-regime-in-east-asia" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/12427.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">380</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9565</span> Temperature Investigations in Two Type of Crimped Connection Using Experimental Determinations</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=C.%20F.%20Ocoleanu">C. F. Ocoleanu</a>, <a href="https://publications.waset.org/abstracts/search?q=A.%20I.%20Dolan"> A. I. Dolan</a>, <a href="https://publications.waset.org/abstracts/search?q=G.%20Cividjian"> G. Cividjian</a>, <a href="https://publications.waset.org/abstracts/search?q=S.%20Teodorescu"> S. Teodorescu</a> </p> <p class="card-text"><strong>Abstract:</strong></p> In this paper we make a temperature investigations in two type of superposed crimped connections using experimental determinations. All the samples use 8 copper wire 7.1 x 3 mm2 crimped by two methods: the first method uses one crimp indents and the second is a proposed method with two crimp indents. The ferrule is a parallel one. We study the influence of number and position of crimp indents. The samples are heated in A.C. current at different current values until steady state heating regime. After obtaining of temperature values, we compare them and present the conclusion. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=crimped%20connections" title="crimped connections">crimped connections</a>, <a href="https://publications.waset.org/abstracts/search?q=experimental%20determinations" title=" experimental determinations"> experimental determinations</a>, <a href="https://publications.waset.org/abstracts/search?q=temperature" title=" temperature"> temperature</a>, <a href="https://publications.waset.org/abstracts/search?q=heat%20transfer" title=" heat transfer"> heat transfer</a> </p> <a href="https://publications.waset.org/abstracts/14460/temperature-investigations-in-two-type-of-crimped-connection-using-experimental-determinations" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/14460.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">270</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9564</span> Energy-Level Structure of a Confined Electron-Positron Pair in Nanostructure</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tokuei%20Sako">Tokuei Sako</a>, <a href="https://publications.waset.org/abstracts/search?q=Paul-Antoine%20Hervieux"> Paul-Antoine Hervieux</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The energy-level structure of a pair of electron and positron confined in a quasi-one-dimensional nano-scale potential well has been investigated focusing on its trend in the small limit of confinement strength ω, namely, the Wigner molecular regime. An anisotropic Gaussian-type basis functions supplemented by high angular momentum functions as large as l = 19 has been used to obtain reliable full configuration interaction (FCI) wave functions. The resultant energy spectrum shows a band structure characterized by ω for the large ω regime whereas for the small ω regime it shows an energy-level pattern dominated by excitation into the in-phase motion of the two particles. The observed trend has been rationalized on the basis of the nodal patterns of the FCI wave functions. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=confined%20systems" title="confined systems">confined systems</a>, <a href="https://publications.waset.org/abstracts/search?q=positron" title=" positron"> positron</a>, <a href="https://publications.waset.org/abstracts/search?q=wave%20function" title=" wave function"> wave function</a>, <a href="https://publications.waset.org/abstracts/search?q=Wigner%20molecule" title=" Wigner molecule"> Wigner molecule</a>, <a href="https://publications.waset.org/abstracts/search?q=quantum%20dots" title=" quantum dots"> quantum dots</a> </p> <a href="https://publications.waset.org/abstracts/4205/energy-level-structure-of-a-confined-electron-positron-pair-in-nanostructure" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/4205.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">387</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">9563</span> Cyclic Plastic Deformation of 20MN-MO-NI 55 Steel in Dynamic Strain Ageing Regime</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Ashok%20Kumar">Ashok Kumar</a>, <a href="https://publications.waset.org/abstracts/search?q=Sarita%20Sahu"> Sarita Sahu</a>, <a href="https://publications.waset.org/abstracts/search?q=H.%20N.%20Bar"> H. N. Bar</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Low cycle fatigue behavior of a ferritic, martensitic pressure vessel steel at dynamic strain ageing regime of 250°C to 280°C has been investigated. Dynamic strain ageing is a mechanism that has attracted interests of researchers due to its fascinating inexplicable repetitive nature for quite a long time. The interaction of dynamic strain ageing and cyclic plasticity has been studied from the mechanistic point of view. Dynamic strain ageing gives rise to identical serrated flow behavior in tensile and compressive halves of hysteresis loops and this has been found to gives rise to initial cyclic hardening followed by softening behavior, where as in non-DSA regime continuous cyclic softening has been found to be the dominant mechanism. An appreciable sensitivity towards nature of serrations has been observed due to degree of hardening of stable loop. The increase in degree of hardening with strain amplitude in the regime where only A type serrations are present and it decreases with strain amplitude where A+B type of serrations are present. Masing type of locus has been found in the behavior of metal at 280°C. Cyclic Stress Strain curve and Master curve has been constructed to decipher among the fatigue strength and ductility coefficients. Fractographic examinations have also shown a competition between progression of striations and secondary cracking. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=dynamic%20strain%20ageing" title="dynamic strain ageing">dynamic strain ageing</a>, <a href="https://publications.waset.org/abstracts/search?q=hardening" title=" hardening"> hardening</a>, <a href="https://publications.waset.org/abstracts/search?q=low%20cycle%20fatigue" title=" low cycle fatigue"> low cycle fatigue</a>, <a href="https://publications.waset.org/abstracts/search?q=softening" title=" softening"> softening</a> </p> <a href="https://publications.waset.org/abstracts/79210/cyclic-plastic-deformation-of-20mn-mo-ni-55-steel-in-dynamic-strain-ageing-regime" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/79210.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">301</span> </span> </div> </div> <ul class="pagination"> <li class="page-item disabled"><span class="page-link">‹</span></li> <li class="page-item active"><span class="page-link">1</span></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=current%20regime&page=2">2</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=current%20regime&page=3">3</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=current%20regime&page=4">4</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=current%20regime&page=5">5</a></li> <li class="page-item"><a class="page-link" href="https://publications.waset.org/abstracts/search?q=current%20regime&page=6">6</a></li> <li class="page-item"><a class="page-link" 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