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The purpose of this study is to understand the functional properties of ball valve in a compressible flow and simulation of experimental data collection of ball valve, was completely simulated.

Equations are solved according to finite volume and simplified algorithms. By measuring the flow parameters, including pressure and temperature at different points in the simulation circuit, flow coefficients and localized drop in the valve were determined in different openness cases of test valve and compared with experimental results. Determining a graph for flow coefficient variations in terms of the percentage of openness of the valve is very effective on the flow control as well as on optimizing its cross-section.

In the supersonic flow, flow coefficients and local drops of the valve are dependent on several parameters, including fluid flow rate. Flow coefficient graphs at different angles of the test valve show that by increasing the valve opening angle, the flow coefficient increases so that it reaches from 1.72 m³/h at a 30° angle to 46.29 m³/h at a 80° angle. It should be noted that these values in the experimental test were obtained 1.53 m³/h and 49.68 m³/h, respectively, and the percentage difference of these values by simulation was obtained for the angle of 30 degrees 11.7% and for the angle of 80°, about 7% per hour at an angle of 80°. Also, the coefficients of localized loss at different angles of test valve show that by increasing the angle of opening of the valve, the amount of localized loss decreases, so that the average value of 1515.2 in the angle of 30° reaches 1.9 at an angle of 80°. The percentage difference of these values by simulation, for the angle of 30° and 3.5% for the angle of 80°, was about 11.1%.

Determining a graph for flow coefficient variations versus the percentage of openness of the valve is very effective on the flow control as well as on optimizing its cross-section. In the supersonic flow, flow coefficients and local drop coefficients of the valve are dependent on several parameters, including fluid flow rate.

The main objective of this study was to obtain the flow restricting capacity by determining their flow coefficients and to investigate the unsteady flow with low Reynolds number in the flow‐restricting devices such as orifices and capillary tubes having small diameters.

There is an enormous literature on the flow of Newtonian fluids through capillaries and orifices particularly in many application fields of the mechanical and chemical engineering. But most of the experimental results in literature are given for steady flows at moderate and high Reynolds numbers (Re>500). In this study, the unsteady flow at low Reynolds number (10<Re<650) through flow‐restricting devices such as orifices and capillary tubes having very small diameters between 0.35 and 0.70 mm were experimentally investigated.

The capillary tubes have much more capillarity property with respect to equal diameter orifices. Increasing the ratio of capillary tube length to tube diameter and decreasing the ratio of orifice diameter to pipe diameter before orifice increase the throttling or restricting property of the orifices and the capillary tubes. The orifices can be preferred to the capillary tubes having the same diameter at the same system pressure for the hydraulic systems or circuits requiring small velocity variations. The capillary tubes provide higher pressure losses and they can be also used as hydraulic accumulators in hydraulic control devices to attenuate flow‐induced vibrations because of their large pressure coefficients. An important feature of the results obtained for capillary tubes and small orifices is that as the d/D for orifices increases and the L/d reduces for capillary tubes, higher values C are obtained and the transition from viscous to inertia‐controlled flow appears to take place at lower Reynolds numbers. This may be explained by the fact that for small orifices with high d/D ratios and for capillary tubes with small L/d ratios, the losses due to viscous shear are small. Another important feature of the results is that the least variations in C for small orifices and the higher variations in C for capillary tubes occur when the d/D and L/d ratios are smallest. This has favourable implications in hydraulic control devices since a constant value for the C may be assumed even at relatively low values of Re.

To the authors' knowledge, there is not enough information in the literature about the flow coefficients of unsteady flows through capillary tubes and small orifices at low Reynolds numbers. This paper fulfils this gap.

In contrast to earlier studies, the most recent studies on the incremental value relevance of earnings and cash flows from operations find that both earnings and cash flows have incremental value relevance beyond each other. An interesting question that follows is whether these findings hold after controlling the extremity of earnings and cash flows. This study, therefore, aims to examine the incremental value relevance of earnings and cash flows in the following four cases: moderate earnings and moderate cash flows, moderate earnings and extreme cash flows, extreme earnings and moderate cash flows and extreme earnings and extreme cash flows.

To evaluate the incremental value relevance (information content) of earnings and cash flows for each of the four cases mentioned above, we examine the statistical significance of the slope coefficients for regression of returns on both unexpected earnings and unexpected cash flows from operations.

The results show that (i) both moderate and extreme earnings have incremental value relevance beyond both moderate and extreme cash flows, (ii) moderate cash flows have incremental value relevance beyond both moderate and extreme earnings and (iii) extreme cash flows lack incremental value relevance beyond moderate earnings; however, they (extreme cash flows) have incremental value relevance beyond extreme earnings. These results suggest that earnings and cash flows have incremental value relevance. However, only in cases when cash flows are extreme and earnings are moderate, cash flows do not possess incremental value relevance. In further analysis, we find that the value relevance for cash flows and earnings decreases when they are extreme and transitory. Moreover, the value relevance for cash flows increases when they are moderate (not extreme) and the other competing measure (earnings) is transitory and extreme.

The results support the idea that earnings and cash flows from operations complement each other in explaining variation in returns. However, when cash flows are extreme and less informative, investors rely more on earnings in firm valuation, especially when earnings are moderate. Because earnings are unlikely to persist to be permanent across the years, these results can be interpreted as indicating that cash flows and earnings information are used jointly by investors.

In contrast to previous studies, we control for the extremity of earnings and cash flows when evaluating the incremental value relevance of earnings and cash flows from operations.

The purpose of this study is to address the issue that the traditional V-shaped ball valve profile shape is limiting the flow control characteristics in a series structure and to optimize the design profile by proposing an open-hole profile.

This paper proposes a Gaussian process regression surrogate model based on the genetic algorithm optimization of swarm intelligence, combined with the Expected Improvement point addition criterion, to optimize and correct the design profile. The flow regulation performance of the optimized V-shaped regulating ball valve is verified through a combination of numerical simulation and experiment.

The results demonstrate that the optimized V-shaped regulating ball valve has higher flow regulation accuracy and a more stable flow regulation process. After optimization, the flow characteristic curve of the spool is closer to the ideal equal percentage characteristic. The simulation results of the flow field are consistent with the experimental results.

The proposed method significantly reduces the optimization time, has higher efficiency and solves the problem that traditional optimization methods struggle with, which is ensuring optimal flow regulation performance. Compared to the traditional trial-and-error optimization method, the proposed method is more effective. The feasibility of the method is supported by experimental results.

The purpose of air-intake duct used in combat aircrafts is to decelerate the inlet flow and concurrently raise the static pressure recovery at the compressor inlet. Because of side-slip movement during sharp maneuvers of the aircrafts, the airflows ingested into twin air-intake ducts are not same and symmetric at its two inlets but are asymmetric in nature. The asymmetric inlet flow conditions at the twin air-intakes thus caused instabilities and deteriorated aerodynamic performance of aircraft components such as compressors and other downstream components. This study aims to investigate the flow control in a twin air-intake with asymmetric inflows.

The continuity and momentum equations are solved with second-order upwind scheme for computing finite-volume method-based unsteady computational fluid dynamics simulation.

Performance parameters are deteriorated with the increase of inflow asymmetry in the twin air-intake duct. Slotted synthetic jets are used to manage flow separation, thereby increasing aerodynamic performance of the air-intake. A variety of vortical structures are generated from the rectangular slots, convected downstream of the twin air-intake. The use of slotted synthetic jets increases static pressure recovery by 64 per cent whereas reducing total pressure loss coefficient by 63 per cent, distortion coefficient by 58 per cent and swirl coefficient by 55 per cent which is an indicative of better aerodynamic performance of twin air-intake.

The study stresses the need of robust flow control technique to improve the performance of combat air-intake system under extreme maneuvering conditions. The results can be useful in designing air-intake satisfying the stealth features for modern combat aircrafts.

The aim of this paper is to investigate hydraulic system performance using vegetable‐based palm oil as hydraulic fluid.

The hydraulic system performance test at different operating conditions, such as pressure, speed and oil ageing, was performed using a Yuken vane pump test rig. The endurance system performance test was also conducted for 200 and 400 h. The effect of speed on flow slip coefficient in discrete and continuous tests was studied. In discrete testing, pressure of 35 and 200 bar and speed of 750 and 1,439 rpm were used in determining flow slip coefficient. The instantaneous data were recorded in a computer using an analog‐to‐digital data acquisition system with respect to time and the parameters stored were reservoir temperature, return line temperature, suction and delivery pressures, instantaneous flow rate, total flow, total running time and torque. The obtained results were interpolated for future prediction of the system performance.

The experimental and interpolated results showed that slip coefficient decreases with increasing pump speed. The effect of aging condition on volumetric efficiency showed that the efficiency increases with aging period due to increase in oil viscosity.

This vegetable‐based palm oil could be a potentially useful substitute for mineral‐based energy transport media such as hydraulic fluid.

The investigation of hydraulic system performance using palm oil as hydraulic fluid is scarce in the literature. Therefore, the current study is quite new for the hydraulic system performance and it is hoped that it will provide a high value to researchers for further research before it can be used as hydraulic fluid.

The purpose of this paper is to present evidence on the effects that different ownership's structures of Greek listed firms exercise on the relation between investment and liquidity constraints.

Corporate governance in Greece is primarily based on the form of family‐owned firms, as in many European countries. In countries with similar corporate governance systems, a possible source of separation (in the absence of bank‐controlled firms and large business groups) between management and ownership is the nationality of the companies, as foreign nationality implies the physical separation of managers and owners. A second possible separation is based on the shareholdings of the CEO when he/she bears no relation with the controlling shareholders. A sample of Athens Stock Exchange listed firms is collected and a generalized (vs a simple) model of investment is applied to test the role of corporate governance using these two basic separations of management and ownership.

The paper's empirical findings support the hypothesis of asymmetric information both in the total sample and in various sub‐samples. Low Q, small, and new firms under the generalized model are facing asymmetric information problems. On the other hand, low Q, old and low dividend firms are more likely to face managerial discretion problems that result in over‐investment.

This paper links information‐related problems of investment with simple corporate governance structures.

With respect to two new subjects, i.e. nanofluids and microchannels, in heat transfer systems and modern techniques used for building them, this paper aims to study on effect of using aluminum oxide nanoparticles in non-Newtonian fluid of aqueous solution of carboxy-methyl cellulose in microtube and through application of different slip coefficients to achieve various qualities on surface of microtube.

Simultaneously, the effect of presence of nanoparticles and phenomenon of slip and temperature jump has been explored in non-Newtonian nanofluid in this essay. The assumption of homogeneity of nanofluid and fixed temperature of wall in microtube has been used in modeling processes.

The results have been presented as diagrams of velocity, temperature and Nusselt Number and the investigations have indicated that addition of nanoparticles to the base fluid and increase in microtube slip coefficient might improve rate of heat transfer in microtube.

The flow of non-Newtonian nanofluid of aqueous solution of carboxy methyl cellulose-aluminum oxide has been determined in a microtube for the first time.

Regenerative flow pumps are dynamic machines with the ability to develop high heads at low flow rates. Simplicity, compactness, stable features and low manufacturing costs make them interesting for many applications in industries. The purpose of this study is to present a new method for calculating the flow through regenerative pumps with bucket form blades to predict the performance curves by a cheap and easy-to-use way.

The analysis was carried out based on the geometric shape of a fluid particle trajectory in a regenerative turbomachine. The fluid particle path was assumed to be a helix wrapped into a torus. Loss models were considered and the results of predictions were compared with computational fluid dynamics (CFD) data.

The overall trend of performance curves resulted from presented model looked consistent with CFD data. However, there were slight differences in high and low flow coefficients. The results showed that the predicted geometric shape of the flow path with the presented model (a helix wrapped into a torus) was not consistent with CFD results at high flow coefficients. Due to the complexity and turbulence of the fluid flow and errors in the calculation of losses, as well as slip factor, there was a discrepancy between the results of the presented model and numerical simulation, especially in high and low flow coefficients.

The analysis was carried out based on the geometric shape of a fluid particle trajectory in a regenerative turbomachine with bucket form blades. The fluid particle path was assumed to be a helix wrapped into a torus.

Regenerative flow pump (RFP) is a rotodynamic turbomachine capable of developing high pressure rise at low flow rates. This paper aims to numerically investigate the performance of a regenerative pump considering the modification in blade and casing geometry.

The radial blade shape was changed to the bucket form and a core is added to flow path. A parametric study was performed to improve the performance of the pump. Thus, the effect of change in blade angle, chord, height, pitch to chord ratio and also inlet port on the performance of RFP was investigated.

Results showed that the modified blade angle to achieve the maximum efficiency is about 41 degree. Also, the most efficient point occurs close to pitch/chord = 0.4 and by reducing the axial chord, efficiency of the pump increases. It was found that better efficiency will be achieved by increasing the “Arc of admission”, but there are limitations of manufacturing. It was observed that the performance curves shifted towards lower flow coefficients by reducing height of blades.

To improve the characteristics of regenerative pump, the blade shape changed to the bucket form (airfoil blades with identical inlet and outlet angle) and a core is added to flow path. A parametric study has been accomplished to see the influence of some important parameters on the performance of the pump.