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1 – 10 of 38Aleksandrs Urbahs and Vladislavs Zavtkevics
This paper aims to analyze the application of remotely piloted aircraft (RPA) for remote oil spill sensing.
Abstract
Purpose
This paper aims to analyze the application of remotely piloted aircraft (RPA) for remote oil spill sensing.
Design/methodology/approach
This paper is an analysis of RPA strong points.
Findings
To increase the accuracy and eliminate potentially false contamination detection, which can be caused by external factors, an oil thickness measurement algorithm is used with the help of the multispectral imaging that provides high accuracy and is versatile for any areas of water and various meteorological and atmospheric conditions.
Research limitations/implications
SWOT analysis of implementation of RPA for remote sensing of oil spills.
Practical implications
The use of RPA will improve the remote sensing of oil spills.
Social implications
The concept of oil spills monitoring needs to be developed for quality data collection, oil pollution control and emergency response.
Originality/value
The research covers the development of a method and design of a device intended for taking samples and determining the presence of oil contamination in an aquatorium area; the procedure includes taking a sample from the water surface, preparing it for transportation and delivering the sample to a designated location by using the RPA. The objective is to carry out the analysis of remote oil spill sensing using RPA. The RPA provides a reliable sensing of oil pollution with significant advantages over other existing methods. The objective is to analyze the use of RPA employing all of their strong points. In this paper, technical aspects of sensors are analyzed, as well as their advantages and limitations.
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Pierre Rostan and Alexandra Rostan
The purpose of this paper is to answer the following two questions: Will Saudi Arabia get older? Will its pension system be sustainable?
Abstract
Purpose
The purpose of this paper is to answer the following two questions: Will Saudi Arabia get older? Will its pension system be sustainable?
Design/methodology/approach
The methodology/approach is to forecast KSA’s population with wavelet analysis combined with the Burg model which fits a pth order autoregressive model to the input signal by minimizing (least squares) the forward and backward prediction errors while constraining the autoregressive parameters to satisfy the Levinson-Durbin recursion, then relies on an infinite impulse response prediction error filter.
Findings
Spectral analysis projections of Saudi age groups are more optimistic than the Bayesian probabilistic model sponsored by the United Nations Population Division: Saudi Arabia will not get older as fast as projected by the United Nations model. The KSA’s pension system will stay sustainable based on spectral analysis, whereas it will not based on the U.N. model.
Originality/value
Spectral analysis will provide better insight and understanding of population dynamics for Saudi government policymakers, as well as economic, health and pension planners.
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Shinta Rahma Diana and Farida Farida
Technology acceptance is a measure of that technology’s usefulness. Oil palm is one of the biggest contributors to Indonesia’s revenues, thus fueling its economy. Using remote…
Abstract
Purpose
Technology acceptance is a measure of that technology’s usefulness. Oil palm is one of the biggest contributors to Indonesia’s revenues, thus fueling its economy. Using remote sensing would allow a plantation to monitor and forecast its production and the amount of fertilizer used. This review aims to provide a policy recommendation in the form of a strategy to improve the added value of Indonesia’s oil palm and support the government in increasing oil palm production. This recommendation needs to be formulated by determining the users’ acceptance of remote sensing technology (state-owned plantations, private plantation companies and smallholder plantations).
Design/methodology/approach
This review’s methodology used sentiment analysis through text mining (bag of words model). The study’s primary data were from focus group discussions (FGDs), questionnaires, observations on participants, audio-visual documentation and focused discussions based on group category. The results of interviews and FGDs were transcribed into text and analyzed to 1) find words that can represent the content of the document; 2) classify and determine the frequency (word cloud); and finally 3) analyze the sentiment.
Findings
The result showed that private plantation companies and state-owned plantations had extremely high positive sentiments toward using remote sensing in their oil palm plantations, whereas smallholders had a 60% resistance. However, there is still a possibility for this technology’s adoption by smallholders, provided it is free and easily applied.
Research limitations/implications
Basically, technology is applied to make work easier. However, not everyone is tech-savvy, especially the older generations. One dimension of technology acceptance is user/customer retention. New technology would not be immediately accepted, but there would be user perceptions about its uses and ease. At first, people might be reluctant to accept a new technology due to the perception that it is useless and difficult. Technology acceptance is the gauge of how useful technology is in making work easier compared to conventional ways.
Practical implications
Therefore, technology acceptance needs to be improved among smallholders by intensively socializing the policies, and through dissemination and dedication by academics and the government.
Social implications
The social implications of using technology are reducing the workforce, but the company will be more profitable and efficient.
Originality/value
Remote sensing is one of the topics that people have not taken up in a large way, especially sentiment analysis. Acceptance of technology that utilizes remote sensing for plantations is very useful and efficient. In the end, company profits can be allocated more toward empowering the community and the environment.
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Junwoo Jeon, Emrah Gulay and Okan Duru
This research analyzes the cycle of the dry bulk shipping market (DBSM) as a representative of spot and period charter rates in dry bulk shipping to develop strategies for…
Abstract
Purpose
This research analyzes the cycle of the dry bulk shipping market (DBSM) as a representative of spot and period charter rates in dry bulk shipping to develop strategies for investment timing (i.e. asset play) and fleet trading (chartering strategy).
Design/methodology/approach
Spectral analysis is a numerical approach to extract significant cyclicality, which may be utilized to develop trading strategies. Instead of working with a single dataset (univariate), a system approach can be utilized to observe a significant shipping market cycle in its multi-variate circumstance. In this paper, a system dynamics design is employed to extract cyclicality in the DBSM in its particular industrial environment. The system dynamic design has competitive forecasting accuracy relative to univariate time series models and artificial neural networks (ANNs) in terms of forecasting outcomes.
Findings
The results show that the system dynamic design has a better forecasting performance according to three evaluation metrics, mean absolute scale error (MASE), root mean square error (RMSE) and mean absolute percentage error (MAPE).
Originality/value
Cyclical analysis is a significantly useful instrument for shipping asset management, particularly in market entry–exit operations. This paper investigated the cyclical nature of the dry bulk shipping business and estimated significant business cycle periodicity at around 4.5-year frequency (i.e. the Kitchin cycle).
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The purpose of this paper is to analyze the scientific basis of the Paris climate agreement.
Abstract
Purpose
The purpose of this paper is to analyze the scientific basis of the Paris climate agreement.
Design/methodology/approach
The analyses are based on the IPCC’s own reports, the observed temperatures versus the IPCC model-calculated temperatures and the warming effects of greenhouse gases based on the critical studies of climate sensitivity (CS).
Findings
The future emission and temperature trends are calculated according to a baseline scenario by the IPCC, which is the worst-case scenario RCP8.5. The selection of RCP8.5 can be criticized because the present CO2 growth rate 2.2 ppmy−1 should be 2.8 times greater, meaning a CO2 increase from 402 to 936 ppm. The emission target scenario of COP21 is 40 GtCO2 equivalent, and the results of this study confirm that the temperature increase stays below 2°C by 2100 per the IPCC calculations. The IPCC-calculated temperature for 2016 is 1.27°C, 49 per cent higher than the observed average of 0.85°C in 2000.
Originality/value
Two explanations have been identified for this significant difference in the IPCC’s calculations: The model is too sensitive for CO2 increase, and the positive water feedback does not exist. The CS of 0.6°C found in some critical research studies means that the temperature increase would stay below the 2°C target, even though the emissions would follow the baseline scenario. This is highly unlikely because the estimated conventional oil and gas reserves would be exhausted around the 2060s if the present consumption rate continues.
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Anis Jarboui, Emna Mnif, Nahed Zghidi and Zied Akrout
In an era marked by heightened geopolitical uncertainties, such as international conflicts and economic instability, the dynamics of energy markets assume paramount importance…
Abstract
Purpose
In an era marked by heightened geopolitical uncertainties, such as international conflicts and economic instability, the dynamics of energy markets assume paramount importance. Our study delves into this complex backdrop, focusing on the intricate interplay the between traditional and emerging energy sectors.
Design/methodology/approach
This study analyzes the interconnections among green financial assets, renewable energy markets, the geopolitical risk index and cryptocurrency carbon emissions from December 19, 2017 to February 15, 2023. We investigate these relationships using a novel time-frequency connectedness approach and machine learning methodology.
Findings
Our findings reveal that green energy stocks, except the PBW, exhibit the highest net transmission of volatility, followed by COAL. In contrast, CARBON emerges as the primary net recipient of volatility, followed by fuel energy assets. The frequency decomposition results also indicate that the long-term components serve as the primary source of directional volatility spillover, suggesting that volatility transmission among green stocks and energy assets tends to occur over a more extended period. The SHapley additive exPlanations (SHAP) results show that the green and fuel energy markets are negatively connected with geopolitical risks (GPRs). The results obtained through the SHAP analysis confirm the novel time-varying parameter vector autoregressive (TVP-VAR) frequency connectedness findings. The CARBON and PBW markets consistently experience spillover shocks from other markets in short and long-term horizons. The role of crude oil as a receiver or transmitter of shocks varies over time.
Originality/value
Green financial assets and clean energy play significant roles in the financial markets and reduce geopolitical risk. Our study employs a time-frequency connectedness approach to assess the interconnections among four markets' families: fuel, renewable energy, green stocks and carbon markets. We utilize the novel TVP-VAR approach, which allows for flexibility and enables us to measure net pairwise connectedness in both short and long-term horizons.
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Pierre Rostan and Alexandra Rostan
The purpose of this paper is to estimate the years the European Muslim population will be majority among 30 European countries.
Abstract
Purpose
The purpose of this paper is to estimate the years the European Muslim population will be majority among 30 European countries.
Design/methodology/approach
The methodology/approach is to forecast the population of 30 European countries with wavelet analysis combined with the Burg model which fits a pth order autoregressive model to the input signal by minimizing (least squares) the forward and backward prediction errors while constraining the autoregressive parameters to satisfy the Levinson–Durbin recursion, then relies on an infinite impulse response prediction error filter. Three scenarios are considered: the zero-migration scenario where the authors assume that the Muslim population has a higher fertility (one child more per woman, on average) than other Europeans, mirroring a global pattern; a 2017 migration scenario: to the Muslim population obtained in the zero-migration scenario, the authors add a continuous flow of migrants every year based on year 2017; the mid-point migration scenario is obtained by averaging the data of the two previous scenarios.
Findings
Among three scenarios, the most likely mid-point migration scenario identifies 13 countries where the Muslim population will be majority between years 2085 and 2215: Cyprus (in year 2085), Sweden (2125), France (2135), Greece (2135), Belgium (2140), Bulgaria (2140), Italy (2175), Luxembourg (2175), the UK (2180), Slovenia (2190), Switzerland (2195), Ireland (2200) and Lithuania (2215). The 17 remaining countries will never reach majority in the next 200 years.
Originality/value
The growing Muslim population will change the face of Europe socially, politically and economically. This paper will provide a better insight and understanding of Muslim population dynamics to European governments, policymakers, as well as social and economic planners.
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Javed Ahmad Bhat and Naresh Kumar Sharma
Among the many factors fueling the inflationary tendencies in an economy such as monetary shocks, structural shocks, demand shocks, external shocks and demographic changes, the…
Abstract
Purpose
Among the many factors fueling the inflationary tendencies in an economy such as monetary shocks, structural shocks, demand shocks, external shocks and demographic changes, the issue of inflation (INF) has also been found to be related to fiscal policy decisions of the government. The purpose of this study is to investigate the inflationary tendencies in India particularly from the fiscal point of view. The study also examines the influence of other potential determinants such as output growth rate, interest rate, trade-openness (TO) and oil price inflation (OPI).
Design/methodology/approach
To examine the dynamic nature of association between fiscal deficit and inflation, the study applies the Toda-Yamamoto (1995) test and Breitung and Candelon (2006) test to investigate the nature of causality in time and frequency domain frameworks. In addition, to scrutinize the possibility of a long-run association, that too from an asymmetric point of view, the study applies a Non-linear Autoregressive Distributed lag model (NARDL) given by Shin et al. (2014). Finally, non-linear cumulative dynamic multipliers are used to trace the traverse between disequilibrium position of short-run and subsequent long-run equilibrium of the system.
Findings
The authors found a unidirectional causality from fiscal deficit to inflation in case of time domain analysis and no feedback causality is reported. However, in case of frequency domain design, causality from fiscal deficit to inflation is found at low frequencies only, i.e. no short-run causality is established and hence dynamic nature of the relationship between the two variables is vindicated. Using NARDL model, the results document the existence of an asymmetric long-run direct association between fiscal deficit and inflation. However, an increase in deficit is found to be more inflationary and a decrease affects the inflation with a lower magnitude. The asymmetric impact of fiscal deficit on inflation can be explained through the existence of liquidity constraints, consumption-investment downward inflexibility and the downward price stickiness. Contractionary monetary policy action is found to be more effective than an expansionary one, signifying the asymmetric influence of monetary policy actions on the inflation of India. Similarly, in a supply-constrained economy with downward price rigidity, the authors found an asymmetric impact of output growth and output decline on inflation. As regard to the trade-openness, although an asymmetry is reported, the signs refute the validation of Romer (1993) hypothesis. Finally, the impact of oil price inflation on the inflationary pressures is according to theory but the coefficients are devoid of statistical significance.
Practical implications
These results indicate some important policy recommendations. Fiscal consolidation strategy should be executed in an appreciable manner to achieve the sound fiscal health and lower INF. The disciplined fiscal strategy would also be imperative for an effective monetary policy. Monetary authorities should possess noticeable credibility to manage the macroeconomic system and policy stances should be implemented according to requirements of the economy. Growth in output should be encouraged to have two-fold benefits to the economy – reducing INF on the one hand and fiscal deficits on the other.
Originality/value
The study contributes to the existing literature in the following ways. First, taking note of dynamic nature of the relationship between these two variables, the study examined the deficit INF nexus in a dynamic and asymmetric framework. The novelty of the study is ensured by the very nature of it is the first study in case of India to identify the fiscal INF in an asymmetric configuration. The authors applied a NARDL model, given by Shin et al. (2014) to examine the existence of any cointegrating relationship in an asymmetric paradigm. Second, the nature of causality between fiscal deficit and INF has been examined in a time domain and FD framework to portray precisely the casual interactions between these two variables in the short-run and long run. The study will, therefore, enrich the existing literature along the asymmetric lines.
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Heriyanti, Lenny Marlinda, Rayandra Asyhar, Sutrisno and Marfizal
Purpose – This work aims to study the treatment of adsorbant on the increasing liquid hydrocarbon quality produced by pyrolysis low density polyethylene (LDPE) plastic waste at…
Abstract
Purpose – This work aims to study the treatment of adsorbant on the increasing liquid hydrocarbon quality produced by pyrolysis low density polyethylene (LDPE) plastic waste at low temperature. The hydrocarbon distribution, physicochemical properties and emission test were also studied due to its application in internal combustion engine. This research uses pure Calcium carbonate (CaCO3) and pure activated carbon as adsorbant, LDPE type clear plastic samples with control variable that is solar gas station.
Design/Methodology/Approach – LDPE plastic waste of 10 kg were vaporized in the thermal cracking batch reactor using LPG 12 kg as fuel at range temperature from 100 to 300°C and condensed into liquid hydrocarbon. Furthermore, this product was treated with the mixed CaCO3 and activated carbon as adsorbants to decrease contaminant material.
Findings – GC-MS identified the presence of carbon chain in the range of C6–C44 with 24.24% of hydrocarbon compounds in the liquid. They are similar to diesel (C6–C14). The 30% of liquid yields were found at operating temperature of 300°C. The calorific value of liquid was 46.021 MJ/Kg. This value was 5.07% higher than diesel as control.
Originality/Value – Hydrocarbon compounds in liquid produced by thermal cracking at a low temperature was similar to liquid from a catalytic process.
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Bhaskar Bagchi, Dhrubaranjan Dandapat and Susmita Chatterjee