Sharif Digital Repository

Bali, Cakici, and Whitelaw (2011) have shown that U.S. stocks with extreme positive daily returns in a month will underperform in the next month. Following Bali et al. (2011), a number of researchers have tried to explain the main causes of this anomaly, also referred to as the “MAX Effect”. The MAX effect is often believed to be the result of investor sentiment and overreaction in financial markets. Bali et al. (2011) argue that the classical asset pricing models are unable to explain the cause of MAX effect. Studies have shown that the MAX effect is also prevalent in other stock markets around the world. Some researchers have performed similar analysis to Bali et al.’s (2011) and have... 

Portfolio-based investment strategies in the currency market, unlike the stock market, have not been well-investigated as the scientific papers mostly focus on more popular investment strategies like carry trade, momentum, and technical analysis. Our main aim is to evaluate the performance of two well-known portfolio selection techniques, i.e. equally-weighted and minimum variance portfolios, in the currency market and to improve the performance, based on the characteristics of the return time series of each method. To improve the performance of the portfolios, we check for the presence of momentum in the return time series. Our findings show both portfolios do not yield abnormal returns... 

Planing crafts in waves are characterized by large and violent vertical motion and acceleration. The hull structure is subjected to high impact loads and the crew experiences high transient vertical acceleration and in most cases the crew needs to lower speed in order to avoid damage to the hull.In recent years, interest on increasingly faster marine vehicles has remarkably grown. Typical planing monohulls are: patrol vessels, pilot boats, rescue vessels, coast guard vessels and small navy vessels. So the behavior of planing monohulls in waves has been a widely researched topic since more and more planing monohulls appeared.The accurate prediction of large amplitude ship motions in severe... 

For a physical system, equilibrium is defined as a state in which the values of macroscopic quantities describing the system do not change in time. We observe systems around us reaching equilibrium every day. Describing such a seemingly simple phenomena has remained as one of the important challenges in theoretical physics. So far, various explanations for thermalization (approach to equilibrium) have been offered within classical and quantum thermodynamics. In classical statistical mechanics, the microcanonical ensemble provides a suitable prediction of the thermal behavior of a closed system. In this ensemble, using ergodic hypothesis and chaos theory one can assume that all microstates... 

Water is crucial to human being. We use water for a wide variety of uses daily. However, leakage has caused substantial water loss to our precious processed water. The major contributor to non-revenue water in Iran is pipeline leakages. The water industry in the nation has invested in equipment to detect and localize leaks in water distribution systems. One of the equipment mentioned is acoustic-based. The principle of acoustic is that whenever a leak is present in a pipeline, noise is generated and will travel along the pipeline. The acoustic leak detection method is then derived by calculating the distance traveled by this noise generated by the leak. Different equipment based on acoustic... 

Nowadays, in communication industry, specially data network, in which service quality is a serious parameter, request for making connection with appropriate quality (Proportionate to demands) and necessity of clarification of obligations of service providers and customers, as well as customer awareness of submitted materials and offering various services with different qualities & costs, led service providers, specially IP based networks, to make agreements with their customers, entitled service Level Agreement (SLA). The SLA specifies the service type, mutual obligations, related parameters, measuring methods, violation threshold, penalties and loss compensation. Whereas, applying... 

Since the Iranian oil terminals company(I.O.T.C.) has been the main and strategic gateway of exporting petroleum in the country and plays an important role in the optimum continuity of national, regional and international energy supply chain and also conducting the needed projects whit a desirable quality and minimum time and cost has a prominent influence on steady continuity of manufacturing, importing and exporting of petroleum and gas production. The main purpose of doing this thesis is diagnosing the process of approval, design and implementation of projects in the I.O.T.C., Thus, whit regarding to the modern needs of implementing projects and the necessity of reviewing the structure... 

To deliver gas in time to different consumers like as industrial, commercial and domestic users is one of the most important parts in gas industry. So it is very important to utilize these projects in the specified time. There are huge harms for client, contractors and consumers when there is a delay in project utilization. To identify effective parameters on delays to remove them in future is an essential factor. In this research, all delay causes for TPGC (Tehran Province Gas Company) projects are analyzed and some solutions to remove these delays are presented. 10 hypotheses in relation of gas delivery have been assumed as delay causes. Then some questions have been discussed in relation... 

Hierarchical voltage control is one of the conventional kinds of coordinated voltage control schemes which has been studied in some countries in the last decades. In this method network is divided into several voltage control regions and in each region voltage profile is controlled near optimal level, satisfying the economic and secure goals of the network performance. In this thesis, after the explanation of the main concepts of this scheme, its effects on the network voltage control is assessed and its performance is improved. First the primary concepts of hierarchical voltage control are explained. Then, the methods of the control regions determination and pilot nodes selection are... 

Increasing population and competition for producing various productions and also more consumption in recent decades, result in producing more wastes. Therefore effective and continuous waste management is essential for monitoring the process (from the wastes generation source to the waste disposal) and establishing the efficient strategies to reduce wastes. One of the major sources of waste generation is hospitals that cause lots of environmental problem unless they are managed properly.Recycling is an important element of waste management that can reduce costs by innovative and proper management. The purpose of this research is identification of recyclable plastic items and estimates the... 

Cultural and social problems in the modern age have motivated many thinkers to analyze modernity. Some of them have tried to solve these problems and, if possible, prevent their occurrence in the future. Proposed solutions are mostly dystopian, i.e. by being disappointed, they think the only possible way to overcome these problems is to annihilate modern civilization, or they pursue a passive approach; i.e. they have accepted the problems of modernity but only seek a way to mitigate its challenges. Among these, solutions which try to make use of the capacities of the modern civilization, especially emerging technologies, are really scarce. These approaches seek to realize (and make... 

People in the organization who are influential, opinion leaders, decision-makers and approvers need to be incorporated into the entire Strategic Planning process at some levels .The Management of these Stakeholders involves identifying their organizational roles and their disposition towards and understanding of Strategic Planning, then to work with them throughout the process to improve or maintain their opinion of the value of Strategic Planning through continuous updating and addressing of their issues, concerns and questions. Physical asset practitioners apply the physical asset management framework and policies to ensure the performance and output potential of physical assets through... 

In recent decades many countries have attempted to measure and formulate customer satisfaction index (CSI), as an important factor in micro and macro-economic level. In developed country CSI has the same value of GNP. Customer Satisfaction Index model actually represents the relationship between primary factors of satisfaction and satisfaction results in the macro level for a country and includes all business aspects. In many countries, industrial companies have a wide range of products and providing Customer Satisfaction Index model for this aspect which can be a base of presenting national customer satisfaction index model. Accordingly, the main goal of this study is providing an Iranian... 

Considering the continuous growth of renewable energy sources in electric grids, the importance of utilizing simple, generic, and upgradable models for different network stability studies is increasing. In recent years, generic and standard wind turbine models for transient and short-term frequency and voltage stability studies have been developed. In this regard, researchers are still working on promotion of the generic models, especially to expand them for unbalanced transient studies, improve the transient response, and include inertia response. In this thesis, different methods for generic modeling of wind turbines are surveyed and the development procedure of WECC and IEC generic model... 

One of the questions which has its origin in science and technology studies and innovation studies, but neglected, is that of how we understand the transition and how the transition processes occur. In recent decades, such questions have fallen into an interdisciplinary field called Transition Studies. The main purpose of transition studies is to identify and solve complex and multilevel issues and challenges (such as climate change). Drawing on the views of theorists such as Roy Bhaskar and Frank Geels, this thesis seeks to critically study the foundations and assumptions of a particular type of transition called socio-technical transitions. Socio-technical transitions refer to the changes... 

In the extension of his former developments of the theories of philosophy of mind and language, John Searle (1932- ) proceeded into the realm of social reality by his The Construction of Social Reality and Making the Social World, written in 1995 and 2010 respectively. With his naturalistic background, he placed his new theory on top of his former theories of mind and language already naturalized and fully worked out. As we will see, social reality comes with our three marvelous capacities, not coming together, to the extent we know, in animals other than us: collective intentionality, assignment of function, and language; all of them already being treated by Searle, in a naturalized manner,... 

One of the best ways to overcome the weaknesses of technology services in different industries is right technology transfer with feasibility in the country. 3D painters have been recently widely used industrially in different countries. The 3D printer is one of the new emerging technologies, enabling the production of every 3D objects with any complexity. 3D printing has provided the possibility of producing, in fastest, more economics and regardless of those complexities. By transfer of this kind of technology and proper management, a huge transformation can created in all industries and factories. To do this, there are several technologies of 3D printing, that each of them used in various... 

In Modular Multilevel converter, it is necessary to attain different objectives simultaneously. One of the most effective control methods which can cope with this kind of systems is the Model Predictive Control (MPC). This method predicts the values of control objectives based on different feasible states and determines the optimal one using cost functions. The number of feasible states can increase when the number of switches increases in the converter. This makes the MPC unable to be applied in the MMCs with hundereds of submodules (SMs) in each arm because of its heavy computational burden. In this thesis, a modified model predictive control is proposed to reduce the computational burden.... 

Today, different cities in the world have hurried to consumers, natural resources, and producers of waste. Our cities are not excluded from this rule, especially metropolitan like Tehran, which accounted for only 12% of the country's land area, accounting for 15% of the volume of airborne contamination in the country. Considering the importance of the environmental pollution issue and the many researches done in this field, the present study attempts to investigate and analyze the application of renewable energy to reduce environmental pollution with an emphasis on the automotive industry. This is an applied research in terms of purpose. These types of researches are applicable because these... 

With the expansion of the use of information technology and public access to financial markets, the number of players in this field has increased and as a result, the nonlinear behavior of the market has become more complex than before. Due to this issue, investors need specific strategies to identify suitable assets for investment and also to determine the time of entry and exit to the stock market in order to make a profitable investment. Therefore, the purpose of this study is to form a stock portfolio as an asset and based on an integrated approach of fundamental and technical analysis using machine learning techniques. In this research, the stock data of Tehran Stock Exchange and OTC...