• Title/Summary/Keyword: Dubai

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A Study on Nonlinear Dynamic Adjustment of Spot Prices of Major Crude Oils (주요 원유 현물가격간의 비선형 동적조정에 관한 연구)

  • Park, Haesun;Lee, Sangjik
    • Environmental and Resource Economics Review
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    • v.24 no.4
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    • pp.657-677
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    • 2015
  • We employ a 3 regime-threshold vector error correction models (TVECM) to investigate the nonlinear dynamic adjustments of three marker crude oil prices such as WTI (West Texas Intermediate), Brent and Dubai. Especially we deal with 3 combinations of oil prices including WTI-Brent, WTI-Dubai and Brent-Dubai in order to analyze the dynamic adjustments of the prices based on the effects of the price spreads among these crude oil prices. Our daily spot prices data run from 2001.1.3 to 2014.12.31. We found that each combination is cointegrated over the period. WTI had dropped significantly in 2010 which had affected the movements of the spreads. To accomodate this fact, we divide the period into two sub-periods: 2000.1.3-2009.12.31 and 2010.1.1-2014.12.31. It is found that each combination is cointegrated in both sub-periods. Moroever, in the first sub-period, all three oil prices are shown to follow nonlinear dynamic adjustments. In the second sub-period, however, TVECM is better than VECM(vector error correction model) for WTI-Dubai and Brent-Dubai while VECM performs better for WTI-Brent. The transaction costs are estimated to be reduced for the second sub-period for WTI-Dubai and Brent-Dubai compared to the first sub-period.

Development and Performance Validation of Thermal Control Subsystem for Earth Observation Small Satellite Flight Model (지구관측 소형위성 비행모델의 열제어계 개발 및 성능 검증)

  • Chang, Jin-Soo;Jeong, Yun-Hwang;Kim, Byung-Jin
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.36 no.12
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    • pp.1222-1228
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    • 2008
  • A small satellite, DubaiSat-1 FM(Flight Model), which is based on SI-200 standard bus platform and scheduled to be launched in 2008, is being developed by Satrec Initiative and EIAST(Emirates Institution for Advanced Science and Technology). The TCS(Thermal Control Subsystem) of DubaiSat-1 FM has been designed to mainly utilize passive thermal control in order to minimize power consumption, but the active control method using heaters has been applied to some critical parts. Also, thermal analysis has been performed for DubaiSat-1's mission orbit using a thermal analysis model. The thermal design is modified and optimized to satisfy the design temperature requirements for all parts according to the analysis result. The thermal control performance of DubaiSat-1 FM is verified by thermal vacuum space simulation, consisting of thermal cycling and thermal balance test. Also, to validate the thermal modeling of DubaiSat-1 FM, comparison of test results with analysis has been performed and model calibration has been completed.

An Effect of Volatility of Crude Oil Price on Asymmetry of Domestic Gasoline Price Adjustment (국제 유가 변동성이 국내 휘발유 가격 비대칭성에 미치는 영향)

  • Nam-Jae Kim;Hyung-Gun Kim
    • Asia-Pacific Journal of Business
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    • v.14 no.1
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    • pp.351-364
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    • 2023
  • Purpose - This study examines the effects of Dubai oil price and the volatility on the asymmetry of domestic gasoline price adjustment. Additionally, the study investigates the effects of "Altteul" gas-station and tax-cut policies on asymmetry. Design/methodology/approach - Firstly, the study calculates proxies for asymmetry and volatility of each window(every 3-month) by error-correction model and GARCH(1, 1) using daily domestic gas price and Dubai oil price from 2008/04/15 to 2022/12/31. Secondly, the study investigates the effects of the increasing rate of Dubai oil price, volatility, "Altteul" gas-station and tax-cut policies on asymmetry. The autoregressive distributed lag regression model is employed for estimations. Findings - The study finds that changes in the increasing rate of Dubai oil price and both types of volatility of Dubai oil price increase asymmetry. While "Altteul" gas-station and tax-cut policies decrease asymmetry. Additionally, the study fails to find that asymmetry in the Korean gasoline market in the estimation with total observations. Research implications or Originality - An increase in Dubai oil price volatility means an increase in cost uncertainty for gas-station owners. Since cost uncertainty is a kind of financial risk, the increase in volatility reinforces the asymmetry. The study provides supporting evidence for the idea.

Factors Prompting Impulse Buying Behavior: Shoppers in Dubai

  • Prashar, Sanjeev;Adeshwar Raja, B.;Parasaran, V.S.;Venna, Vijay Kumar
    • Asian Journal of Business Environment
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    • v.5 no.3
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    • pp.5-15
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    • 2015
  • Purpose - This paper aims to identify and rank factors that influence impulse buying behavior among shoppers in Dubai. Research design, data, and methodology - Questionnaires were collected from 168 Dubai shoppers using non-probability quota sampling. Factor Analysis was completed to identify factors triggering impulse buying traits. Results - Six antecedent factors were identified: hedonism, in-store influences, product related influences, socialization, promotional activities, and convenience. Surprisingly, product related influences were the most significant in stimulating impulse buying behavior. Conclusions - This research suggests that a multitude of factors affect shopper propensity for impulse buying, with non-economic factors like product and in-store related influences having a significant impact. Hence, retail managers should concentrate on these in merchandising and promotional efforts. Against the backdrop of Dubai, one of the biggest retail destinations, this study contributes to present knowledge on impulse buying behavior. In terms of shopper inclinations and likeliness to purchase products, it highlights how shoppers respond to special in-store displays and discount offerings. For marketers, the findings regarding relative significance of various factors may help in strategies to attract consumers.

The innovation diffusion and neighbors in the 4th wave through Dubai-city (두바이 도시혁신에 따른 주변국가의 4차산업 혁신확산)

  • Seo, Dae-Sung;Kim, Dong-Hwa
    • The Journal of Industrial Distribution & Business
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    • v.9 no.12
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    • pp.55-61
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    • 2018
  • Purpose - It suggests that making a policy and strategies for a way of Dubai has a strong priority strategy on science and technology by using much oil dollars to prepare risk when oil dollar's decrease. This has been now investigated how the leading innovator has changed the periphery countries. Research design, data, and methodology - Analyze policy, status, what other neighbouring Middle East countries also want to benchmark a successful case of a leading Dubai strategy. Higher manpower is needed absolutely to develop S&T. and etc. Dubai and Arab countries establish university to nurture as well as invite the talented manpower from overseas to recover deficient manpower. Dubai built totally academy city and invited branch of the overseas famous university, and Saudi Arabia built university(KAUST) and invite faculty and support good scholarship for students. Abrab countries especially, This is studied the process of differentiating and integrating the migrant workers of these cities into the globalized cities. This has resulted in large-scale employment for foreign and local companies in these cities and the spread of science and innovation. Results - Dubai supports venture or SMEs by using a strong priority strategy and attracts foreigner's investor, with which the neighbouring countries have been preparing together for 4th wave. It demonstrates that the gravitational model has been activated from neighboring countries of innovation science to create Dubai's hub. The maturity of long-term urban innovation is related to innovation capability through the national response and review. As a result, the flow of skilled international migration has been localized because of the mutual intersection with the local employment structure, and the development has spread as it spreads to neighboring countries. Conclusion - For the exploiting of new Distribution market in the neighbouring countries, Middle East countries' a strong priority strategy on S&T and education system give an influence on economic situation of the 4th wave in the world and world order of leading by USA, Japan, or EU, and etc. This is due to the creation of clusters in the form of SEZs, friendly industrial policies and world-class infrastructure and innovation development. Its neighbours benchmark the cases of distribution of science innovation and centralizes the surrounding people.

City Brand Image of Dubai Using Big Data Analytics : Application of Interpretation Methods (빅데이터를 활용한 도시 브랜드 이미지 분석과 응용 해석)

  • Woo, Mina
    • Journal of Information Technology Services
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    • v.17 no.1
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    • pp.17-32
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    • 2018
  • The city image is considered one of important symbolic and important factors in selecting the travel destination. Many cities are trying to be an attractive and popular city to tourists through the construction of a good brand image by utilizing their representative characteristics. This study measures the city brand image by applying a big data analytic method. In addition, the big data measurement results were rearranged and analyzed to identify further detailed city images by utilizing several previous interpretation methods. Our study has chosen Dubai since this city has the diverse images due to its regional as well as economic characteristics. In particular, nowadays Dubai has been recognized as one of the most important touristic places in the Middle East region for its modern and innovative images in spite of the limitations of location, weather, religion, and even political issues of neighbor countries. Founded on a big data analysis rather than a questionnaire-based survey, the presented interpretation methods are evaluated to improve the understanding of Dubai's diverse city images. In addition, based on the results of this research, it is expected to have a practical impact on establishing the effective marketing strategies to build and implement the valuable city brand image.

The Role of Forensic Engineering in the Diagnosis of Electrocution Fatalities: Two Case Reports

  • Mohammad Alqassim;Raneem Ewiss;Hamdah Al Ali
    • Safety and Health at Work
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    • v.14 no.1
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    • pp.124-130
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    • 2023
  • The increase in the number of fatal electric accidents over the years has escalated the demand for specialized forensic engineers to determine their relevant technical causes. Likewise, the complexities associated with identifying the causes of electrocution accidents have prompted the General Department of Forensic Science and Criminology at Dubai Police to adopt a new methodology to diagnose electrocution accidents, consisting of an approach that involves medico-legal examination, electrical diagnosis of the evidence, and trace evidence analysis. This paper will discuss the application of the adopted method in further detail by unfolding two case reports. The first report outlines a case in which a worker got electrocuted at a construction site while attempting to turn on a lamp. The second case report involves the death of a technician in a workshop after trying to disconnect a washing machine from its plug. The methodology was utilized during the investigation of both cases, which were attended by the appointed forensic engineers and showed promising results.

Refashioning Cities in the Middle East: The Case of Dubai

  • Kheir Al-Kodmany
    • International Journal of High-Rise Buildings
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    • v.13 no.1
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    • pp.11-32
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    • 2024
  • In recent years, urban landscapes across the globe have undergone a remarkable transformation marked by a substantial surge in skyscraper development. This paper offers a comprehensive overview of the contemporary evolution of tall buildings, with a particular emphasis on the Middle East. It surveys tall building development in the ten "tallest cities" across the Middle East, including Dubai, Doha, Abu Dhabi, Sharjah, Riyadh, Manama, Tel Aviv, Kuwait, Mecca, and Jeddah, while listing the tallest ten buildings in each city. The focus sharpens on Dubai, UAE, serving as a compelling case study that vividly illustrates the city's swift metamorphosis from a low-rise to a high-rise urban center. Through meticulous examination, the study aims to unveil the key drivers propelling the construction of the world's tallest buildings, asserting that globalization factors play a pivotal role in fostering this transformative shift. The impetus behind this surge is rooted in the aspiration to project a modern and progressive image on the global stage. With Dubai at the forefront, cities in the Middle East strategically endeavor to reshape their international image and reclaim historical grandeur through ambitious skyscraper projects.

Orbit Evolution Analysis of DubaiSat-2 using Hall-effect Thruster (홀 추력기를 이용한 두바이셋-2 위성의 궤도변화 분석)

  • Kim, Eun-Hyouek;Kim, Youn-Ho;Park, Jong-Soo;Koh, Dong-Wook;Jeong, Yun-Hwang;Lee, Hyun-Woo
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.43 no.4
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    • pp.377-386
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    • 2015
  • DubaiSat-2 is the first satellite developed in Korea equipped with a hall-effect thruster. In this paper, the performance of the DubaiSat-2 hall-effect thruster is verified by analyzing the orbit information of DubaiSat-2. The preparation and performance of orbit operations during 8 months after launch (2013.11.21., UTC) is emphasized and the effects of solar activity on orbit evolution is analyzed. In particular, the hall-effect thruster's thrust is estimated by analyzing difference between observed orbit evolution and predicted orbit. As a result, the estimated thrust is similar to the ground experiment result of 11 mN. The summarized result in this paper would be important reference to improve the stability and effectiveness of satellite operation during the early operation and normal mission lifetime in case of low Earth orbit satellites.