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Article
Publication date: 16 January 2023

Syed Alamdar Ali Shah, Bayu Arie Fianto, Batool Imtiaz, Raditya Sukmana and Rafiatul Adlin Hj Mohd Ruslan

The purpose of this paper is to perform Shariah review of Brownian motion that is used for prediction of Islamic stock prices and their volatility.

Abstract

Purpose

The purpose of this paper is to perform Shariah review of Brownian motion that is used for prediction of Islamic stock prices and their volatility.

Design/methodology/approach

It uses the Shariah compliant development model guidelines to review the Brownian motion and its applications.

Findings

The model of Brownian motion does not involve any variable that renders it non-Shariah compliant; neither all applications of Brownian motion are Shariah compliant. Because the model is based on stochastic properties that involve randomness, therefore the issue of gharar takes the utmost important to handle in the applications of the model. The results need to be analyzed strictly in accordance with the Shariah whether they create any element of gharar or uncertainty in case of expected price and volatility estimates.

Research limitations/implications

The research suffers from the limitation that it analyses only one model of physics, i.e. Brownian motion model from Shariah perspective.

Practical implications

The research opens an area for Shariah analysis of results generated from the application of advanced models of physics on matters related to Islamic financial markets.

Originality/value

The originality of this study stems from the fact that to the best of the authors’ knowledge, it is the first study that extends Shariah guidelines into Financial physics for making the foundations of Islamic econophysics.

Details

Journal of Islamic Accounting and Business Research, vol. 14 no. 8
Type: Research Article
ISSN: 1759-0817

Keywords

Article
Publication date: 26 September 2023

Thameem Hayath Basha, Sivaraj Ramachandran and Bongsoo Jang

The need for precise synthesis of customized designs has resulted in the development of advanced coating processes for modern nanomaterials. Achieving accuracy in these processes…

Abstract

Purpose

The need for precise synthesis of customized designs has resulted in the development of advanced coating processes for modern nanomaterials. Achieving accuracy in these processes requires a deep understanding of thermophysical behavior, rheology and complex chemical reactions. The manufacturing flow processes for these coatings are intricate and involve heat and mass transfer phenomena. Magnetic nanoparticles are being used to create intelligent coatings that can be externally manipulated, making them highly desirable. In this study, a Keller box calculation is used to investigate the flow of a coating nanofluid containing a viscoelastic polymer over a circular cylinder.

Design/methodology/approach

The rheology of the coating polymer nanofluid is described using the viscoelastic model, while the effects of nanoscale are accounted for by using Buongiorno’s two-component model. The nonlinear PDEs are transformed into dimensionless PDEs via a nonsimilar transformation. The dimensionless PDEs are then solved using the Keller box method.

Findings

The transport phenomena are analyzed through a comprehensive parametric study that investigates the effects of various emerging parameters, including thermal radiation, Biot number, Eckert number, Brownian motion, magnetic field and thermophoresis. The results of the numerical analysis, such as the physical variables and flow field, are presented graphically. The momentum boundary layer thickness of the viscoelastic polymer nanofluid decreases as fluid parameter increases. An increase in mixed convection parameter leads to a rise in the Nusselt number. The enhancement of the Brinkman number and Biot number results in an increase in the total entropy generation of the viscoelastic polymer nanofluid.

Practical implications

Intelligent materials rely heavily on the critical characteristic of viscoelasticity, which displays both viscous and elastic effects. Viscoelastic models provide a comprehensive framework for capturing a range of polymeric characteristics, such as stress relaxation, retardation, stretching and molecular reorientation. Consequently, they are a valuable tool in smart coating technologies, as well as in various applications like supercapacitor electrodes, solar collector receivers and power generation. This study has practical applications in the field of coating engineering components that use smart magnetic nanofluids. The results of this research can be used to analyze the dimensions of velocity profiles, heat and mass transfer, which are important factors in coating engineering. The study is a valuable contribution to the literature because it takes into account Joule heating, nonlinear convection and viscous dissipation effects, which have a significant impact on the thermofluid transport characteristics of the coating.

Originality/value

The momentum boundary layer thickness of the viscoelastic polymer nanofluid decreases as the fluid parameter increases. An increase in the mixed convection parameter leads to a rise in the Nusselt number. The enhancement of the Brinkman number and Biot number results in an increase in the total entropy generation of the viscoelastic polymer nanofluid. Increasing the strength of the magnetic field promotes an increase in the density of the streamlines. An increase in the mixed convection parameter results in a decrease in the isotherms and isoconcentration.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 2
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 12 January 2024

Masume Khodsuz, Amir Hamed Mashhadzadeh and Aydin Samani

Electrical characteristics of transformer oil (TO) have been studied during normal and thermal aging conditions. In this paper, breakdown voltage (BDV), partial discharge (PD)…

Abstract

Purpose

Electrical characteristics of transformer oil (TO) have been studied during normal and thermal aging conditions. In this paper, breakdown voltage (BDV), partial discharge (PD), heat transfer results and the physical mechanisms considering the impact of varying the diameter of Al2O3 nanoparticles (NPs) have been investigated. Different quantities of the two sizes of Al2O3 were added to the oil using a two-step method to determine the positive effect of NPs on the electrical and thermal properties of TO. Finally, the physical mechanisms related to the obtained experimental results have been performed.

Design/methodology/approach

The implementation of nanoparticles in this paper was provided by US Research Nanomaterials, Inc., USA. The provided Al2O3 NPs have an average particle size of 20–80 nm and a specific surface area of 138 and 58 m2/g, respectively, which have a purity of over 99%. Thermal aging has been done. The IEC 60156 standard has been implemented to calculate the BDV, and a 500-mL volume test cell (Apar TO 1020) has been used. PD test is performed according to Standard IEC 60343, and a JDEVS-PDMA 300 device was used for this test.

Findings

BDV tests indicate that 20 nm Al2O3 is more effective at improving BDV than 80 nm Al2O3, with an improvement of 113% compared to 99% for the latter. The analysis of Weibull probability at BDV indicates that 20 nm Al2O3 performs better, with improvements of 141%, 125% and 112% at probabilities of 1, 10 and 50%, respectively. The results of the PD tests using the PDPR pattern also show that 20 nm Al2O3 is superior. For the heat transfer test, 0.05 g/L of both diameters were used to ensure fair conditions, and again, the advantage was with 20 nm Al2O3 (23% vs 18%).

Originality/value

The effect of Al2O3 NP diameter (20 and 80 nm) on various properties of virgin and aged TO has been investigated experimentally in this paper to examine the effect of proposed NP on electrical improvement of TO.

Details

World Journal of Engineering, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 10 November 2022

Xinxing Yin, Juan Chen, Wenxin Yu, Yuan Huang, Wenxiang Wei, Xinjie Xiang and Hao Yan

This study aims to improve the complexity of chaotic systems and the security accuracy of information encrypted transmission. Applying five-dimensional memristive Hopfield neural…

Abstract

Purpose

This study aims to improve the complexity of chaotic systems and the security accuracy of information encrypted transmission. Applying five-dimensional memristive Hopfield neural network (5D-HNN) to secure communication will greatly improve the confidentiality of signal transmission and greatly enhance the anticracking ability of the system.

Design/methodology/approach

Chaos masking: Chaos masking is the process of superimposing a message signal directly into a chaotic signal and masking the signal using the randomness of the chaotic output. Synchronous coupling: The coupled synchronization method first replicates the drive system to get the response system, and then adds the appropriate coupling term between the drive The synchronization error and the coupling term of the system will eventually converge to zero with time. The synchronization error and coupling term of the system will eventually converge to zero over time.

Findings

A 5D memristive neural network is obtained based on the original four-dimensional memristive neural network through the feedback control method. The system has five equations and contains infinite balance points. Compared with other systems, the 5D-HNN has rich dynamic behaviors, and the most unique feature is that it has multistable characteristics. First, its dissipation property, equilibrium point stability, bifurcation graph and Lyapunov exponent spectrum are analyzed to verify its chaotic state, and the system characteristics are more complex. Different dynamic characteristics can be obtained by adjusting the parameter k.

Originality/value

A new 5D memristive HNN is proposed and used in the secure communication

Details

Circuit World, vol. 50 no. 1
Type: Research Article
ISSN: 0305-6120

Keywords

Article
Publication date: 6 October 2023

MD. Shamshuddin, Anwar Saeed, S.R. Mishra, Ramesh Katta and Mohamed R. Eid

Whilst a modest number of investigations have been undertaken concerning nanofluids (NFs), the exploration of fluid flow under exponentially stretching velocities using NFs…

Abstract

Purpose

Whilst a modest number of investigations have been undertaken concerning nanofluids (NFs), the exploration of fluid flow under exponentially stretching velocities using NFs remains comparatively uncharted territory. This work presents a distinctive contribution through the comprehensive examination of heat and mass transfer phenomena in the NF ND–Cu/H2O under the influence of an exponentially stretching velocity. Moreover, the investigation delves into the intriguing interplay of gyrotactic microorganisms and convective boundary conditions within the system.

Design/methodology/approach

Similarity transformations have been used on PDEs to convert them into dimensionless ODEs. The solution is derived by using the homotopy analysis method (HAM). The pictorial notations have been prepared for sundry flow parameters. Furthermore, some engineering quantities are calculated in terms of the density of motile microbes, Nusselt and Sherwood numbers and skin friction, which are presented in tabular form.

Findings

The mixed convection effect associated with the combined effect of the buoyancy ratio, bioconvection Rayleigh constant and the resistivity due to the magnetization property gives rise to attenuating the velocity distribution significantly in the case of hybrid nanoliquid. The parameters involved in the profile of motile microorganisms attenuate the profile significantly.

Practical implications

The current simulations have uncovered fascinating discoveries about how metallic NFs behave near a stretched surface. These insights give us valuable information about the characteristics of the boundary layer close to the surface under exponential stretching.

Originality/value

The novelty of the current investigation is the analysis of NF ND–Cu/H2O along with an exponentially stretching velocity in a system with gyrotactic microorganisms. The investigation of fluid flow at an exponentially stretching velocity using NFs is still relatively unexplored.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 1
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 31 July 2023

Syed Sohaib Zafar, Aurang Zaib, Farhan Ali, Fuad S. Alduais, Afrah Al Bossly and Anwar Saeed

The modern day has seen an increase in the prevalence of the improvement of high-performance thermal systems for the enhancement of heat transmission. Numerous studies and…

Abstract

Purpose

The modern day has seen an increase in the prevalence of the improvement of high-performance thermal systems for the enhancement of heat transmission. Numerous studies and research projects have been carried out to acquire an understanding of heat transport performance for their functional application to heat conveyance augmentation. The idea of this study is to inspect the entropy production in Darcy-Forchheimer Ree-Eyring nanofluid containing bioconvection flow toward a stretching surface is the topic of discussion in this paper. It is also important to take into account the influence of gravitational forces, double stratification, heat source–sink and thermal radiation. In light of the second rule of thermodynamics, a model of the generation of total entropy is presented.

Design/methodology/approach

Incorporating boundary layer assumptions allows one to derive the governing system of partial differential equations. The dimensional flow model is transformed into a non-dimensional representation by applying the appropriate transformations. To deal with dimensionless flow expressions, the built-in shooting method and the BVP4c code in the Matlab software are used. Graphical analysis is performed on the data to investigate the variation in velocity, temperature, concentration, motile microorganisms, Bejan number and entropy production concerning the involved parameters.

Findings

The authors have analytically assessed the impact of Darcy Forchheimer's flow of nanofluid due to a spinning disc with slip conditions and microorganisms. The modeled equations are reset into the non-dimensional form of ordinary differential equations. Which are further solved through the BVP4c approach. The results are presented in the form of tables and figures for velocity, mass, energy and motile microbe profiles. The key conclusions are: The rate of skin friction incessantly reduces with the variation of the Weissenberg number, porosity parameter and Forchheimer number. The rising values of the Prandtl number reduce the energy transmission rate while accelerating the mass transfer rate. Similarly, the effect of Nb (Brownian motion) enhances the energy and mass transfer rates. The rate of augments with the flourishing values of bioconvection Lewis and Peclet number. The factor of concentration of microorganisms is reported to have a diminishing effect on the profile. The velocity, energy and entropy generation enhance with the rising values of the Weissenberg number.

Originality/value

According to the findings of the study, a slip flow of Ree-Eyring nanofluid was observed in the presence of entropy production and heat sources/sinks. There are features when the implementations of Darcy–Forchheimer come into play. In addition to that, double stratification with chemical reaction characteristics is presented as a new feature. The flow was caused by the stretching sheet. It has been brought to people's attention that although there are some investigations accessible on the flow of Ree-Eyring nanofluid with double stratification, they are not presented. This research draws attention to a previously unexplored topic and demonstrates a successful attempt to construct a model with distinctive characteristics.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 2
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 9 January 2024

Bengisen Pekmen Geridonmez and Hakan Oztop

The purpose of this study is to investigate the interaction between magnetotactic bacteria and Fe3O4–water nanofluid (NF) in a wavy enclosure in the presence of 2D natural…

Abstract

Purpose

The purpose of this study is to investigate the interaction between magnetotactic bacteria and Fe3O4–water nanofluid (NF) in a wavy enclosure in the presence of 2D natural convection flow.

Design/methodology/approach

Uniform magnetic field (MF), Brownian and thermophoresis effects are also contemplated. The dimensionless, time-dependent equations are governed by stream function, vorticity, energy, nanoparticle concentration and number of bacteria. Radial basis function-based finite difference method for the space derivatives and the second-order backward differentiation formula for the time derivatives are performed. Numerical outputs in view of isolines as well as average Nusselt number, average Sherwood number and flux density of microorganisms are presented.

Findings

Convective mass transfer rises if any of Lewis number, Peclet number, Rayleigh number, bioconvection Rayleigh number and Brownian motion parameter increases, and the flux density of microorganisms is an increasing function of Rayleigh number, bioconvection Rayleigh number, Peclet number, Brownian and thermophoresis parameters. The rise in buoyancy ratio parameter between 0.1 and 1 and the rise in Hartmann number between 0 and 50 reduce all outputs average Nusselt, average Sherwood numbers and flux density of microorganisms.

Research limitations/implications

This study implies the importance of the presence of magnetotactic bacteria and magnetite nanoparticles inside a host fluid in view of heat transfer and fluid flow. The limitation is to check the efficiency on numerical aspect. Experimental observations would be more effective.

Practical implications

In practical point of view, in a heat transfer and fluid flow system involving magnetite nanoparticles, the inclusion of magnetotactic bacteria and MF effect provide control over fluid flow and heat transfer.

Social implications

This is a scientific study. However, this idea may be extended to sustainable energy or biofuel studies, too. This means that a better world may create better social environment between people.

Originality/value

The presence of magnetotactic bacteria inside a Fe3O4–water NF under the effect of a MF is a good controller on fluid flow and heat transfer. Since the magnetotactic bacteria is fed by nanoparticles Fe3O4 which has strong magnetic property, varying nanoparticle concentration and Brownian and thermophoresis effects are first considered.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 4
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 29 January 2024

Ashok K. Barik, Swetapadma Rout, Jnana Ranjan Senapati and M.M. Awad

This paper aims at studying numerically the entropy generation of nanofluid flowing over an inclined sheet in the presence of external magnetic field, heat source/sink, chemical…

Abstract

Purpose

This paper aims at studying numerically the entropy generation of nanofluid flowing over an inclined sheet in the presence of external magnetic field, heat source/sink, chemical reaction along with slip boundary conditions imposed on an impermeable wall.

Design/methodology/approach

A suitable similarity transformation technique has been used to convert the coupled nonlinear partial differential equations to ordinary differential equations (ODEs). The ODEs are then solved simultaneously using the finite difference method implemented through an in-house computer program. The effects of different controlling parameters such as magnetic parameter, radiation parameter, Brownian motion parameter, thermophoresis parameter, chemical reaction parameter, Reynolds number, Brinkmann number, Prandtl number, velocity slip parameter, temperature slip parameter and the concentration slip parameter on the entropy generation and Bejan number have been discussed comprehensively through the relevant physical insights for the first time.

Findings

The relative strengths of the irreversibilities due to heat transfer, fluid friction and the mass diffusion arising due to the change in each of the controlling variables have been delineated both in the near-wall and far-away-wall regions, which may be helpful for a better understanding of the thermo-fluid dynamics of nanofluid in boundary layer flows. The numerical results obtained from the present study have also been validated with results published in open literature.

Originality/value

The effects of different controlling parameters such as magnetic parameter, radiation parameter, Brownian motion parameter, thermophoresis parameter, chemical reaction parameter, Reynolds number, Brinkmann number, Prandtl number, velocity slip parameter, temperature slip parameter and the concentration slip parameter on the entropy generation and Bejan number have been discussed comprehensively through the relevant physical insights for the first time.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 2
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 31 July 2023

Safia Akram, Maria Athar, Khalid Saeed, Mir Yasir Umair and Taseer Muhammad

The purpose of this study, thermal radiation and viscous dissipation impacts on double diffusive convection on peristaltic transport of Williamson nanofluid due to induced…

Abstract

Purpose

The purpose of this study, thermal radiation and viscous dissipation impacts on double diffusive convection on peristaltic transport of Williamson nanofluid due to induced magnetic field in a tapered channel is examined. The study of propulsion system is on the rise in aerospace research. In spacecraft technology, the propulsion system uses high-temperature heat transmission governed through thermal radiation process. This study will help in assessment of chyme movement in the gastrointestinal tract and also in regulating the intensity of magnetic field of the blood flow during surgery.

Design/methodology/approach

The brief mathematical modelling, along with induced magnetic field, of Williamson nanofluid is given. The governing equations are reduced to dimensionless form by using appropriate transformations. Numerical technique is manipulated to solve the highly nonlinear differential equations. The roll of different variables is graphically analyzed in terms of concentration, temperature, volume fraction of nanoparticles, axial-induced magnetic field, magnetic force function, stream functions, pressure rise and pressure gradient.

Findings

The key finding from the analysis above can be summed up as follows: the temperature profile decreases and concentration profile increases due to the rising impact of thermal radiation. Brownian motion parameter has a reducing influence on nanoparticle concentration due to massive transfer of nanoparticles from a hot zone to a cool region, which causes a decrease in concentration profile· The pressure rise enhances due to rising values of thermophoresis and thermal Grashof number in retrograde pumping, free pumping and copumping region.

Originality/value

To the best of the authors’ knowledge, a study that integrates double-diffusion convection with thermal radiation, viscous dissipation and induced magnetic field on peristaltic flow of Williamson nanofluid with a channel that is asymmetric has not been carried out so far.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 34 no. 2
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 7 September 2023

Shaun Shuxun Wang

This paper provides a structural model to value startup companies and determine the optimal level of research and development (R&D) spending by these companies.

1500

Abstract

Purpose

This paper provides a structural model to value startup companies and determine the optimal level of research and development (R&D) spending by these companies.

Design/methodology/approach

This paper describes a new variant of float-the-money options, which can act as a financial instrument for financing R&D expenses for a specific time horizon or development stage, allowing the investor to share in the startup's value appreciation over that duration. Another innovation of this paper is that it develops a structural model for evaluating optimal level of R&D spending over a given time horizon. The paper deploys the Gompertz-Cox model for the R&D project outcomes, which facilitates investigation of how increased level of R&D input can enhance the company's value growth.

Findings

The author first introduces a time-varying drift term into standard Black-Scholes model to account for the varying growth rates of the startup at different stages, and the author interprets venture capital's investment in the startup as a “float-the-money” option. The author then incorporates the probabilities of startup failures at multiple stages into their financial valuation. The author gets a closed-form pricing formula for the contingent option of value appreciation. Finally, the author utilizes Cox proportional hazards model to analyze the optimal level of R&D input that maximizes the return on investment.

Research limitations/implications

The integrated contingent claims model links the change in the financial valuation of startups with the incremental R&D spending. The Gompertz-Cox contingency model for R&D success rate is used to quantify the optimal level of R&D input. This model assumption may be simplistic, but nevertheless illustrative.

Practical implications

Once supplemented with actual transaction data, the model can serve as a reference benchmark valuation of new project deals and previously invested projects seeking exit.

Social implications

The integrated structural model can potentially have much wider applications beyond valuation of startup companies. For instance, in valuing a company's risk management, the level of R&D spending in the model can be replaced by the company's budget for risk management. As another promising application, in evaluating a country's economic growth rate in the face of rising climate risks, the level of R&D spending in this paper can be replaced by a country's investment in addressing climate risks.

Originality/value

This paper is the first to develop an integrated valuation model for startups by combining the real-world R&D project contingencies with risk-neutral valuation of the potential payoffs.

Details

China Finance Review International, vol. 14 no. 1
Type: Research Article
ISSN: 2044-1398

Keywords

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