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A fuzzy logic model for forecasting exchange rates
PublicationThis article is devoted to the issue of forecasting exchange rates. The objective of the conducted research is to develop a predictive model with the use of an innovative methodology - fuzzy logic theory - and to evaluate its effectiveness in times of prosperity and during the financial crisis. The model is based on sets of rules written by the author in the form of IF-THEN, where expert knowledge is stored. This model is the result...
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Residents' Perception of Intangible Benefits and Costs Associated with Hosting Major Sporting Events
PublicationThe main purpose of this paper is to estimate on the basis of inhabitants’ perception the overall composite and aggregated scores of two major sporting events held in Ergo Arena hall, on the border of Gdańsk and Sopot, in northern Poland. The indirect aim is to identify the determinants affecting the monetary offers of the locals of the two cities. The research results unveil that major sporting events may determine the appearance...
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Residents’ Perception of Intangible Benefits and Costs Associated with Hosting Major Sporting Events
PublicationThe main purpose of this paper is to estimate on the basis of inhabitants’ perception the overall composite and aggregated scores of two major sporting events held in Ergo Arena hall, on the border of Gdańsk and Sopot, in northern Poland. The indirect aim is to identify the determinants affecting the monetary offers of the locals of the two cities. The research results unveil that major sporting events may determine the appearance...
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Economic benefits from decreased mercury emissions: Projections for 2020
PublicationRozne procesy antropogenne zwiększyły ekspozycję ludzi i zwierząt na toksyczna metylortęć. Oszacowano, że emisje rtęci wzrosna o około 25% miedzy latami 2005 i 2020. Jeśli utrzyma się ich dzisiejszy trend. Stwierdzono, że straty społeczne w skali globalnej, związane ze spożywaniem metylortęci i mierzone w obniżaniu się IQ ludzi, moga wynieść około 3.7 biliona USD rocznie. Ten koszt zwiazany z wdychaniem par rtęci jest znacznie...
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Synergism of floated paperboard sludge cake /sewage sludge for maximizing biomethane yield and biochar recovery from digestate: A step towards circular economy
PublicationAnaerobic digestion of floated paperboard sludge (PS) cake suffers from volatile fatty acids (VFAs) accumulation, nutrient unbalanced condition, and generation of digestate with a risk of secondary pollution. To overcome these drawbacks, sewage sludge (SS) was added to PS cake for biogas recovery improvement under a co-digestion process followed by the thermal treatment of solid fraction of digestate for biochar production. Batch...
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Forecasting of currency exchange rates using artificial neural networks
PublicationW rozdziale tym autor przedstawił wyniki swoich badań nad wykorzystaniem sztucznych sieci neuronowych do prognozowania kursu walut (na przykładzie pary walutowej PLN-USD).Głównym celem badań było porównanie skuteczności przewidywania kursu złotówki w latach 1997 - 2005 przy pomocy różnych rodzajów sieci neuronowych.
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Cryptocurrencies as a speculative asset. How much uncertainty is included in cryptocurrency price?
PublicationThe aim of this paper is to examine the relationship between uncertainty indices (Geopolitical Uncertainty Index and Global Economic Policy Uncertainty Index) and cryptocurrencies. In order to conduct research, the authors collected the data on the major cryptocurrencies (Bitcoin, Ethereum, Tether, Dogecoin and USD coin) which account for 78% of the total market cap. Using panel OLS regression, this study finds that Bitcoin...
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Leveraging food waste for electricity: A low-carbon approach in energy sector for mitigating climate change and achieving net zero emission in Hong Kong (China)
PublicationIn recent years, food waste has been a global concern that contributes to climate change. To deal with the rising impacts of climate change, in Hong Kong, food waste is converted into electricity in the framework of low-carbon approach. This work provides an overview of the conversion of food waste into electricity to achieve carbon neutrality. The production of methane and electricity from waste-to-energy (WTE) conversion are...
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Desulfurization of raw naphtha cuts using hybrid systems based on acoustic cavitation and advanced oxidation processes (AOPs)
PublicationA combination of dual-frequency acoustic cavitation (acoustic cavitation) and UV assisted advanced oxidation processes (AOPs) reaction system was developed for desulfurization of raw naphtha used to produce aviation fuels. Various types of oxidants in hybrid systems including hydrogen peroxide, acetic acid, acetone, air and ozone were compared. At optimum oxidant to sulfur compounds molar ratio (rox) of 5.0, the hybrid process...
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New oryginal generic technologies: A Polish R&D strategic implementation programme
PublicationPolands's pharmaceutical industry is of great significance to the whole economy. According to Forbs (2 October 2012), the cost of launching a new drug varies from USD 1 to 11 bilion. There is little Chance of a Polish pharmaceutical company developing an original drug due to financial reason.Many research teams in Poland take up research projects aimed at new biologically active compounds. But such an objective has no broader perspective,...
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FORECASTING EXCHANGE RATES IN THE PROCESS OF THE ASSESSMENT OF CONSUMER RISK BANKRUPTCY IN CENTRAL EUROPE
PublicationThis paper focuses on the issue of forecasting the fluctuation of exchange rates as part of the early warning system against the risk of consumer bankruptcy. The author identified the main macroeconomic factors affecting the level of bankruptcies for households in Poland. The fluctuation of exchange rates, which directly affects the deterioration of the economic situation of borrowers who have opened credit accounts in a foreign...
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Social perception of technological innovations at sports facilities: justification for financing ‘white elephants’ from public sources? The case of Euro 2012 Stadiums in Poland
PublicationThe main purpose of the paper is to provide a monetary valuation of social benefits in connection with the hypothetical implementation of technological innovations at four Euro 2012 stadiums in Poland. Not only the construction of the sport’s arenas, but also the ongoing maintenance drain the pockets of Polish taxpayers. At the same time Euro 2012 stadiums remain underused, which familiarize the host cities with the concept of ‘white...
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Low-Cost Open-Hardware System for Measurements of Antenna Far-Field Characteristics in Non-Anechoic Environments
PublicationExperimental validation belongs to the most important steps in the development of antenna structures. Measurements are normally performed in expensive, dedicated facilities such as anechoic chambers, or open-test sites. A high cost of their construction might not be justified when the main goal of antenna verification boils down to demonstration of the measurement procedure, or rough validation of the simulation models used for...
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Bezpośrednie inwestycje zagraniczne Świat-Europa-Kaukaz-Polska
PublicationW ostatnich dziesięcioleciach bezpośrednie inwestycje zagraniczne należą do najbardziej dynamicznych strumieni międzynarodowych przepływów gospodarczych obok przepływów towarów i usług. Procesy liberalizacji i regionalizacji w dużej mierze przyczyniły się do rosnących przepływów bezpośrednich inwestycji zagranicznych w gospodarce światowej. Przemieszczanie się kapitału w skali międzynarodowej stało się jednym z głównych, i najbardziej...
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Prognozowanie upadłości firm przy wykorzystaniu zmiennych makroekonomicznych
PublicationArtykuł dotyczy prognozowania upadłości przedsiębiorstw w Polsce w latach 1991-2005. Autor przeprowadził badania mające na celu wskazanie charakterystycznych zmiennych makroekonomicznych mających wpływ na bankructwa firm. Badania te powinny pomóc zwiększyć skuteczność modeli prognozowania upadłości firm opartych tylko na wskaźnikach ekonomiczno-finansowych badanych przedsiębiorstw. W badaniach wykorzystano 17 różnych zmiennych...
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Techno‐economic evaluation of a natural deep eutectic solvent‐based biorefinery: Exploring different design scenarios
PublicationThis paper presents a comprehensive techno‐economic evaluation of an integrated natural deep eutectic solvent (NADES)‐based biorefinery – a 1 ton day−1 capacity design plant. The key parameters include payback period, net present value (NPV), and internal rate of return (IRR). These were compared with the parameters of conventional biorefineries. The ‘n th plant’ results clearly revealed that the single product‐based biorefinery...
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Innovative investment funds and stability of financial systems: Nonparametric study of exchange-traded funds in Europe
PublicationThe main aim of the paper is investigation of the potential contribution of exchange-trade funds (ETFs) to the instability of the European financial systems. The paper begins with presentation of the key theoretical concepts with regard to ETFs and financial stability. We discuss the key attributes of ETFs as the innovative category of investment funds, their hypothesized impact on the financial stability as well as briefly describe...
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A Concept for Safe and Less Expensive Acceleration of a Marine Steam Turbine Start-up
PublicationThis paper analyses the issue of accelerated start-up of a marine steam turbine, which is an important problem because the start-up of a steam machine involves the combustion of fuel that is not transformed into useful energy. To find novel technologies that offer improvements in this aspect is essential due to restrictions on reducing ship emissions. Thus, the shorter the start-up time, the better for the environment and economy....
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Cavitation based cleaner technologies for biodiesel production and processing of hydrocarbon streams: A perspective on key fundamentals, missing process data and economic feasibility – A review
PublicationThe present review emphasizes the role of hydrodynamic cavitation (HC) and acoustic cavitation in clean and green technologies for selected fuels (of hydrocarbon origins such as gasoline, naphtha, diesel, heavy oil, and crude oil) processing applications including biodiesel production. Herein, the role of cavitation reactors, their geometrical parameters, physicochemical properties of liquid media, liquid oxidants, catalyst loading,...
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A Low-Cost System for Far-Field Non-Anechoic Measurements of Antenna Performance Figures
PublicationPrototype measurements are the key step in the development of antenna structures. Typically, their far-field characteristics are validated in expensive, dedicated facilities such as open range sites, or anechoic chambers. Despite being necessary for obtaining high-precision data (e.g., for device qualification), the use of costly infrastructure might not be fully justified when the main goal of measurements includes demonstration...
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First highly effective non-catalytic nitrobenzene reduction in UV/dithionite system with aniline production – Advanced reduction process (ARP) approach
PublicationAdvanced reduction processes (ARPs) are currently intensively investigated as an alternative to Advanced Oxidation Processes (AOPs). The study presents efficient reduction of nitrobenzene under non-catalytic conditions through reaction with free radicals having reductive potential. Effective conversion of nitrobenzene in a model wastewater solution, was obtained for sodium dithionite (SDT)/ dithionite (DTN). The developed process...
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Activated sodium percarbonate-ozone (SPC/O3) hybrid hydrodynamic cavitation system for advanced oxidation processes (AOPs) of 1,4-dioxane in water
PublicationHydrodynamic cavitation (HC) was employed to activate sodium percarbonate (SPC) and ozone (O3) to degrade recalcitrant 1,4-dioxane. The degradation efficiency > 99 % with a rate constant of 4.04 × 10−2 min−1 was achieved in 120 min under the optimal conditions of cavitation number (Cv) 0.27, pH 5, molar ratio of oxidant to pollutant (rox) 8, ozone dose of 0.86 g h−1 under 25 ± 2 °C with initial concentration of 1,4-dioxane 100...
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Technical and Economic Analysis of the Supercritical Combined Gas-Steam Cycle
PublicationCombined cycle power plants are characterized by high efficiency, now exceeding 60%. The record-breaking power plant listed in the Guinness Book of World Records is the Nishi-Nagoya power plant commissioned in March 2018, located in Japan, and reaching the gross efficiency of 63.08%. Research and development centers, energy companies, and scientific institutions are taking various actions to increase this efficiency. Both the gas...
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Wpływ zawartości nanocząstek SiO2 na właściwości mechaniczne powłok kompozytowych na bazie żywicy fenolowej w kontekście ich zastosowania w przemyśle wydobywczym ropy i gazu
PublicationZagadnienie ochrony przed korozją jest szczególnie ważne w przemyśle wydobywczym, gdzie roczne koszty związane z korozją w samych Stanach Zjednoczonych przekraczają 1,4 miliarda USD. Dodatkowo niekontrolowana korozja powoduje niebezpieczne awarie prowadzące do skażenia środowiska, a także utraty zdrowia i życia ludzi. Największymi i najbardziej narażonym na korozję elementami pracującym w odwiercie są kolumny rur. Ze względu na...