scholarly journals The price behavior of the MGO bunker market: An integrated causality and interpretive structural modeling approach

2021 ◽  
Vol 4 (2) ◽  
pp. Manuscript
Author(s):  
Abdullah Açık

Marine fuel price differences of supply centers have a significant effect on operators’ budgets, and so are closely monitored by traders, charterers and shipowners. The aim of this study is to determine the volatility spillovers between the prices of the major fuel centers in the world and to form a hierarchical structure based on the influence and dependence powers of these centers. For this purpose, an integrated structure of causality in variance and Interpretive Structural Modeling (ISM) methods are used. The data set used in this study includes marine gas oil (MGO) prices for 8 fuel centers used extensively in the world, namely: Fujairah, Hong Kong, Houston, Istanbul, New York, Piraeus, Rotterdam, and Singapore. This data consists of 782 daily observations covering a 3-year-period between 14.04.2017 and 13.04.2020. The ISM results reveal that these fuel centers lie at 6 different levels based on their driving and dependence powers, sources of price volatility in the market are Fujairah and Singapore, and the center that is most affected by volatility is Piraeus. In addition to drawing a macro frame for the fuel market, the results obtained are thought to be useful in reducing risk in the market due to uncertainty for stakeholders.

2019 ◽  
Vol 7 (1) ◽  
pp. 26
Author(s):  
Dewa Ayu Diyah Sri Widari ◽  
Made Antara ◽  
Syamsul Alam Paturusi

Various attempts have been made to achieve the goals of the management of Jatiluwih Tourist Attractions as part of the World Cultural Heritage, but there are some obstacles in its implementation. This research aims to develop strategies and programs in the management of sustainable Jatiluwih Tourist Attraction as part of the World Cultural Heritage. This study used qualitative methods supported by quantitative data through the use of Interpretive Structural Modeling (ISM) analysis. Data collection was conducted through interviews, Focus Group Discussion, and document studies. The ISM (expert survey) questionnaire as a research instrument was used to obtain information about the contextual relations of each element in the Interpretive Structural Modeling (ISM) analysis involving 11 experts. The results of the study indicate that the management of Jatiluwih Tourist Attraction as part of the World Cultural Heritage requires strategies and programs for sustainability. The formulated strategies are management more structured to increase tourist visits and improve community welfare; increasing the competence of human resources to increase participation; infrastructure development and diversification of tourism products; and increasing support for the preservation of cultural heritage sites through increase community awareness, land use policies, and the involvement of all stakeholders. Programs are formulated based on the strategies set.


1994 ◽  
Vol 144 ◽  
pp. 139-141 ◽  
Author(s):  
J. Rybák ◽  
V. Rušin ◽  
M. Rybanský

AbstractFe XIV 530.3 nm coronal emission line observations have been used for the estimation of the green solar corona rotation. A homogeneous data set, created from measurements of the world-wide coronagraphic network, has been examined with a help of correlation analysis to reveal the averaged synodic rotation period as a function of latitude and time over the epoch from 1947 to 1991.The values of the synodic rotation period obtained for this epoch for the whole range of latitudes and a latitude band ±30° are 27.52±0.12 days and 26.95±0.21 days, resp. A differential rotation of green solar corona, with local period maxima around ±60° and minimum of the rotation period at the equator, was confirmed. No clear cyclic variation of the rotation has been found for examinated epoch but some monotonic trends for some time intervals are presented.A detailed investigation of the original data and their correlation functions has shown that an existence of sufficiently reliable tracers is not evident for the whole set of examinated data. This should be taken into account in future more precise estimations of the green corona rotation period.


2013 ◽  
Vol 4 ◽  
pp. 240-243
Author(s):  
Nicole Nau

Dace Prauliņš, Latvian. An Essential Grammar. London & New York: Routledge, 2012. ɪsʙɴ 978-0-415-57692-5. Descriptive grammars of Modern Latvian written in English are still something of a rarity, and any such book will be warmly welcomed bylinguists as well as by the growing number of people learning Latvian all over the world. It is for the latter group that Dace Prauliņš wrote this book, and it would be unfair to review it as a scholarly contribution to the analysis of Latvian grammar.


2013 ◽  
Vol 1 (1) ◽  
pp. 91-106
Author(s):  
Janet Klein ◽  
David Romano ◽  
Michael M. Gunter ◽  
Joost Jongerden ◽  
Atakan İnce ◽  
...  

Uğur Ümit Üngör, The Making of Modern Turkey: Nation and State in Eastern Anatolia, 1913-1950, Oxford: Oxford University Press, 2011, 352 pp. (ISBN: 9780199603602).Mohammed M. A. Ahmed, Iraqi Kurds and Nation-Building. New York: Palgrave Macmillan, 2012, 294 pp., (ISBN: 978-1-137-03407-6), (paper). Ofra Bengio, The Kurds of Iraq: Building a State within a State. Boulder, CO and London, UK: Lynne Rienner Publishers, 2012, xiv + 346 pp., (ISBN 978-1-58826-836-5), (hardcover). Cengiz Gunes, The Kurdish National Movement in Turkey, from Protest to Resistance, London: Routledge, 2012, 256 pp., (ISBN: 978-0-415—68047-9). Aygen, Gülşat, Kurmanjî Kurdish. Languages of the World/Materials 468, München: Lincom Europa, 2007, 92 pp., (ISBN: 9783895860706), (paper).Barzoo Eliassi, Contesting Kurdish Identities in Sweden: Quest for Belonging among Middle Eastern Youth, Oxford: New York: Palgrave Macmillan, 2013, 234 pp. (ISBN: 9781137282071).


Author(s):  
Anwar Ibrahim

This study deals with Universal Values and Muslim Democracy. This essay draws upon speeches that he gave at the New York Democ- racy Forum in December 2005 and the Assembly of the World Movement for Democracy in Istanbul in April 2006. The emergence of Muslim democracies is something significant and worthy of our attention. Yet with the clear exceptions of Indonesia and Turkey, the Muslim world today is a place where autocracies and dictatorships of various shades and degrees continue their parasitic hold on the people, gnawing away at their newfound freedoms. It concludes that the human desire to be free and to lead a dignified life is universal. So is the abhorrence of despotism and oppression. These are passions that motivate not only Muslims but people from all civilizations.


2003 ◽  
Vol 2 (1) ◽  
pp. 33-50
Author(s):  
Göran Gunner

Authors from the Christian Right in the USA situate the September 11 attack on New York and Washington within God's intentions to bring America into the divine schedule for the end of the world. This is true of Pat Robertson and Jerry Falwell, and other leading figures in the ‘Christian Coalition’. This article analyses how Christian fundamentalists assess the roles of the USA, the State of Israel, Islam, Iraq, the European Union and Russia within what they perceive to be the divine plan for the future of the world, especially against the background of ‘9/11’. It argues that the ideas of the Christian Right and of President George W. Bush coalesce to a high degree. Whereas before 9/11 many American mega-church preachers had aspirations to direct political life, after the events of that day the President assumes some of the roles of a mega-religious leader.


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