Search results for: madyan

Authors: Ali Heidari, Hosain Ardalan

Abstract:

A CFD model was developed for a desander on the waterway of the Madyan Hydro Power Plant (MHPP), which is under construction in northeast Pakistan. An underground desander was designed to settle the sediments before the headrace tunnel, which is 14 km long. The desander chamber consists of 2 caverns, each including 2 basins with flushing-type desander, adopted in the feasibility design on the left bank of the river. A 3D flow simulation was developed to interpret the desander performance according to flow velocity. Then, a particle-based model was developed to check the sediment particle sizes in different areas of the desander. 11 Scenarios were defined for different configurations of the desander, including the transition vertical slope, symmetric and asymmetric entrance, the basin net length, and tranquilizer racks specifications. The model's runtime using a medium-class supper computer was several days for each scenario because of the required time interval for the defined pixel size of the 3D model. It also needed to extend the duration time of the modeling to the travel time of sediment particles along the desander. The results of the 3D models for different entrance transition slopes showed that a high slope transition zone is not acceptable due to the turbulence/vortex at the transition. The sediment drainage channel was extended to the transition with an expanding side slope upstream to have a better trapping performance for bigger particles. The desander configuration and the net length were modeled in different scenarios to reach the design particle size removal criteria of 0.2 and 0.3 mm. The results show that the desander design configuration in the feasibility stage with a net length of 204 meters and transition angle of 34° is an overdesign configuration. On the other hand, reducing the desander net length to less than 135 meters does not fulfill the design criterion of 0.2 mm particle size removal. The Scenarios included asymmetric and symmetric entrance transition zone configurations for the four basins. The CFD results confirmed the symmetric desander configuration, with a net length of 135 m and a transition angle of 34° to the horizon, as the optimum configuration. The configuration provides a removal efficiency of 97% for a particle size of 0.2 mm. The CFD results also show that horizontal tranquilizing racks are risky and do not help sediment trapping in the basin. However, the horizontally inclined tranquilizer decreases the turbulence by transferring the flow energy into the main basin. Nonetheless, more evaluation is needed to optimize the transition zone length by using a tranquilizer at the entrance and evaluating the tranquilizer racks with vertical alignments by building a convenient physical model.

Keywords: CFD, sediment, desander, madyan

Procedia PDF Downloads 0

Authors: Fatin Fadhilah Hasib, Dewi Nuraini, Nisful Laila, Muhammad Madyan

Abstract:

A big political event such as Cabinet reshuffle mostly can affect the stock price positively or negatively, depend on the perception of each investor and potential investor. This study aims to analyze the movement of the market and trading activities which respect to an event using event study method. This method is used to measure the movement of the stock exchange in which abnormal return can be obtained by investor related to the event. This study examines the differences of reaction on abnormal return and trading volume activity from the companies listed in the Jakarta Islamic Index (JII), before and after the announcement of the Cabinet Work Volume II on 27 July 2016. The study was conducted in observation of 21 days in total which consists of 10 days before the event and 10 days after the event. The method used in this study is event study with market adjusted model method that observes market reaction to the information of an announcement or publicity events. The Results from the study showed that there is no significant negative nor positive reaction at the abnormal return and abnormal trading before and after the announcement of the cabinet reshuffle. It is indicated by the results of statistical tests whose value not exceeds the level of significance. Stock exchange of the JII just reflects from the previous stock prices without reflecting the information regarding to the Cabinet reshuffle event. It can be concluded that the capital market is efficient with a weak form.

Keywords: abnormal return, abnormal trading volume activity, event study, political event

Procedia PDF Downloads 299

Authors: Puji Sucia Sukmaningrum, Achsania Hendratmi, Noven Suprayogi, Muhammad Madyan

Abstract:

Theoretically, Islamic banks in Indonesia and Malaysia not necessarily aware to the interest rate fluctuation, since they don’t use interest-based instruments. Both countries use dual banking system in which Islamic and conventional banking system are exist. This situation makes the profit-sharing level of the Islamic banks will be indirectly affected by the interest rate fluctuation from the conventional banks system. One of the risk management tools for anticipating the risk of interest rate fluctuation is gap management, which has purpose to narrow the difference between Rate Sensitive Asset (RSA) and Rate Sensitive Liability (RSL). This formed gap will give the information about the risk potential in Islamic banks which respect to the fluctuation on the interest rate. This study aims to determine the position of the gap formed at Islamic Maybank Indonesia and Islamic Maybank Malaysia, and analyze the difference in the formation of gap based on the period of sensitivity. This study is a quantitative research with comparative study using sensitivity gap analysis, independent sample t-test, and Mann-Whitney method. The data being used was secondary data from Maturity Profile contained in the Annual Financial Report of Islamic Maybank Indonesia and Islamic Maybank Malaysia from 2011 to 2015 period. The result shows that, cumulatively the formation of the gap was negative gap. From the results of independent sample t-test and Mann-Whitney, the formation of the gap in Islamic Maybank Indonesia and Islamic Maybank Malaysia for a period of sensitivity of ≤ 1 month and >1-3 months show a significant difference, while the period of sensitivity >3-12 months does not. The result shows, even though Indonesia and Malaysia using same dual banking systems, the gap values are different. The difference in debt policy between Indonesia and Malaysia also affecting the gap sensitivity in debt. In can be concluded that each country needs an appropriate gap management to support its Islamic banking performance specifically.

Keywords: assets and liability management, gap management, interest rate risk, Islamic bank

Procedia PDF Downloads 265