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Singapore’s success in transforming itself from a poor, vulnerable economy to one of the richest countries in the world (IMF, 2016) is nothing short of inspirational to many small economies around the globe. Given its lack of resources, Singapore relied upon foreign investors to fuel its growth not only through cash injection into the economy in the form of Foreign Direct Investments (FDI) but also to help upgrade its skills and technological stock. This study looks at how Singapore inspired many Multi-National Corporations (MNCs) into pouring a large sum of investments into this small ailing citystate and if this idea can be generalized to apply it in other economies, especially in Oman.
In a bid to explain the large flow of Capital into an economy, this study moves on further to review most prominent literature in the field since Macdougall (1958) first laid the groundwork for the subsequent theories on FDI. Based on the review of several previous studies, the most significant determinants of FDI were found to be government policy and political stability, inflation rate as a proxy for economic stability, quality of infrastructure and institutions, market size of the host country, openness to trade, tax policies and access to low cost factors of production.
Through a case study method with the inductive approach, this study finds that Singapore excels in all of the determinants of FDI except for the market size of the host country and access to low-cost factors of production. However, it more than compensates for these shortcomings with its strategic geographical location and numerous bilateral and regional trade agreements that give it access to markets around the region. Oman like Singapore ranks well in many of these determinants that make it a potential destination for investment. However, the sultanate could gain more interest from the MNC’s to help its growth by optimizing its policies to lower existing barriers, easing immigration laws to meet the short term skill shortage, allowing for 100 percent foreign ownership, allowing for more liberal property rights, working to improve corruption perception and opting for more trade agreements to give it easy access to larger markets. Moreover, the economy’s heavy reliance on hydrocarbon exports is seen as a major risk by investors as it creates an economic vulnerability which could potentially overshadow many other benefits of investing in the sultanate. Besides the aforementioned determinants, a lot also depends on the success of Oman’s diversification plans.
Objective: This paper deals with the design and the optimization of mechatronic devices.
Introduction: Comparing with existing works, the design approach presented in this paper aims to integrate optimization in the design phase of complex mechatronic systems in order to increase the efficiency of this method.
Methods: To solve this problem, a novel mechatronic system design approach has been developed in order to take the multidisciplinary aspect and to consider optimization as a tool that can be used within the embodiment design process to build mechatronic solutions from a set of solution concepts designed with innovative or routine design methods.
Conclusions: This approach has then been applied to the design and optimization of a wind turbine system that can be implemented to autonomously supply a mountain cottage.
Automatic Identification of Travel Locations in Rare Books - Object Oriented Information Management
(2017)
The digital content of the Internet is growing exponentially and mass digitization of printed media opens access to literature, in particular the genre of travel literature from the 18th and 19th century, which consists of diaries or travel books describing routes, observations or inspirations. The identification of described locations in the digital text is a long-standing challenge which requires information technology to supply dynamic links to sources by new forms of interaction and synthesis between humanistic texts and scientific observations.
Using object oriented information technology, a prototype of a software tool is developed which makes it possible to automatically identify geographic locations and travel routes mentioned in rare books. The information objects contain properties such as names and classification codes for populated places, streams, mountains and regions. Together, with the latitudes and longitudes of every single location, it is possible to geo-reference this information in order that all processed and filtered datasets can be displayed by a map application. This method has already been used in the Humboldt Digital Library to present Alexander von Humboldt’s maps and was tested in a case study to prove the correctness and reliability of the automatic identification of locations based on the work of Alexander von Humboldt and Johann Wolfgang von Goethe.
The results reveal numerous errors due to misspellings, change of location names, equality of terms and location names. But on the other hand it becomes very clear that results of the automatic object detection and recognition can be improved by error-free and comprehensive sources. As a result an increase in quality and usability of the service can be expected, accompanied by more options to detect unknown locations in the descriptions of rare books.
Technology and computer applications influence our daily lives and questions arise concerning the role of artificial intelligence and decision-making algorithms. There are warning voices, that computers can, in theory, emulate human intelligence-and exceed it. This paper points out that a replacement of humans by computers is unlikely, because human thinking is characterized by cognitive heuristics and emotions, which cannot simply be implemented in machines operating with algorithms, procedural data processing or artificial neural networks. However, we are going to share our responsibilities with superior computer systems, which are tracking and surveying all of our digital activities, whereas we have no idea of the decision-making processes inside the machines. It is shown that we need a new digital humanism defining rules of computer responsibilities to avoid digital totalism and comprehensive monitoring and controlling of individuals within the planet Earth.
This paper describes the Sweaty II humanoid adult size robot trying to qualify for the RoboCup 2017 adult size humanoid competition. Sweaty came 2nd in RoboCup 2016 adult size league. The paper describes the main characteristics of Sweaty that made this success possible, and improvements that have been made or are planned to be implemented for RoboCup 2017.
In this TDP we describe a new tool created for testing the strategy layer of our soccer playing agents. It is a complete 2D simulator that simulates the games based on the decisions of 22 agents. With this tool, debugging the decision and strategy layer of our agents is much more efficient than before due to various interaction methods and complete control over the simulation.
In the future, the tool could also serve as a measure to run simulations of game series much faster than with the 3D simulator. This way, the impact of different play strategies could be evaluated much faster than before.