Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970939
Souvik Banerjee
In this paper we explored the Initial Public Offer (IPO) grading as introduced by the Indian Capital Market Regulator (SEBI). Around six years have passed after, IPO Grading was made mandatory. There are both proponents and opponents of this move, among the various stakeholders of the Indian capital market. The aim of this exercise was to disseminate relevant information in the public domain. There are five Credit Rating Agencies, registered with the regulator, and entrusted with the grading of the IPO bound companies. One of the expected outcome of the IPO grading is efficient price discovery. Post listing the stock price may settle down at the same level, lower or higher than the offer price, at the close of the first day's trading. If the price settles higher than the offer price, the issue was under priced. In this paper we explored whether IPOs graded by various credit rating agencies, have the same extent of under pricing. The statistical analysis showed, that there is no significant difference in under pricing, as far as different companies graded by the different credit rating agencies are concerned.
{"title":"IPO grading: Do selection of Credit Rating Agencies affect under pricing?","authors":"Souvik Banerjee","doi":"10.1109/ICBIM.2014.6970939","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970939","url":null,"abstract":"In this paper we explored the Initial Public Offer (IPO) grading as introduced by the Indian Capital Market Regulator (SEBI). Around six years have passed after, IPO Grading was made mandatory. There are both proponents and opponents of this move, among the various stakeholders of the Indian capital market. The aim of this exercise was to disseminate relevant information in the public domain. There are five Credit Rating Agencies, registered with the regulator, and entrusted with the grading of the IPO bound companies. One of the expected outcome of the IPO grading is efficient price discovery. Post listing the stock price may settle down at the same level, lower or higher than the offer price, at the close of the first day's trading. If the price settles higher than the offer price, the issue was under priced. In this paper we explored whether IPOs graded by various credit rating agencies, have the same extent of under pricing. The statistical analysis showed, that there is no significant difference in under pricing, as far as different companies graded by the different credit rating agencies are concerned.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"2 1","pages":"32-35"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81407861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970949
Man Mohan Siddh, G. Soni, G. Gadekar, R. Jain
Lean manufacturing is one of the initiatives that major businesses all around the world have been trying to adopt in order to remain competitive in the increasingly global market and six sigma was an American “invention”. The central idea behind six sigma is that if you can measure how many “defects” you have in process, you can systematically figure out how to eliminate them and get as close to “Zero Defect” as possible and supply chain is the systematic and strategic coordination between supplier and customer. Integrating supply chain objectives with lean practices and six sigma methodologies can lead to superior benefits including process variation reduction, dramatic business improvement and has a substantial effect on achieving to the targets. Ultimately that integrating Lean Six sigma and supply chain can be combined for optimal results first the six sigma processes are changed from slow to fast by lean manufacturing. Six sigma and lean manufacturing provide the structure easily for optimum flow and integrating lean six sigma and supply chain has a large effect on achieving the targets and competitiveness. In plain language that the ultimate goal for the company is to create value to the customer hence the customer settles the quality and cost for the product. The quality and cost of the product is its ability to satisfy and preferably exceed the needs and expectations of the customers. Integrating lean six Sigma and supply chain approachgrowing prevalence and importance in industry, presently companies have acknowledged that integrating lean six sigma and supply chain share a common objective: to create value based end customer requirement.
{"title":"Integrating lean six sigma and supply chain approach for quality and business performance","authors":"Man Mohan Siddh, G. Soni, G. Gadekar, R. Jain","doi":"10.1109/ICBIM.2014.6970949","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970949","url":null,"abstract":"Lean manufacturing is one of the initiatives that major businesses all around the world have been trying to adopt in order to remain competitive in the increasingly global market and six sigma was an American “invention”. The central idea behind six sigma is that if you can measure how many “defects” you have in process, you can systematically figure out how to eliminate them and get as close to “Zero Defect” as possible and supply chain is the systematic and strategic coordination between supplier and customer. Integrating supply chain objectives with lean practices and six sigma methodologies can lead to superior benefits including process variation reduction, dramatic business improvement and has a substantial effect on achieving to the targets. Ultimately that integrating Lean Six sigma and supply chain can be combined for optimal results first the six sigma processes are changed from slow to fast by lean manufacturing. Six sigma and lean manufacturing provide the structure easily for optimum flow and integrating lean six sigma and supply chain has a large effect on achieving the targets and competitiveness. In plain language that the ultimate goal for the company is to create value to the customer hence the customer settles the quality and cost for the product. The quality and cost of the product is its ability to satisfy and preferably exceed the needs and expectations of the customers. Integrating lean six Sigma and supply chain approachgrowing prevalence and importance in industry, presently companies have acknowledged that integrating lean six sigma and supply chain share a common objective: to create value based end customer requirement.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"56 1","pages":"53-57"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79199826","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970971
Banhi Guha, Avijan Dutta, Gautam Bandyopadhyay
Indian stock market has undergone a significant transformation after globalization. The most significant changes which has happened in the Indian stock Market that FII has been allowed to invest in the Indian market. Currently the extent of stock price volatility is being influenced by integration between the domestic and international capital markets as well as the regulatory framework governing the stock market. In India, now stock prices are being influenced by other international market. In this study an attempt has been made to find out the degree of association among the various markets. In a view to understand the integration of various indices a study was undertaken. In this study, month-wise closing prices of BSE-Sensex, NYSE, NASDAQ, S&P500, Hang Seng, Nikkei225, SSE Composite Index, FTSE100,IPC,BOVESPA,CAC 40,FTSE/JSE, DOW JONES, STI,DAX was selected. This article examines the return and degree of association of the various indices with help of statistics. Finally we find some evidence of association among the various stock markets and we applied Markowitz mean variance approach to determine optimal portfolio consisting of major market indices.
{"title":"An empirical study of international portfolio diversification","authors":"Banhi Guha, Avijan Dutta, Gautam Bandyopadhyay","doi":"10.1109/ICBIM.2014.6970971","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970971","url":null,"abstract":"Indian stock market has undergone a significant transformation after globalization. The most significant changes which has happened in the Indian stock Market that FII has been allowed to invest in the Indian market. Currently the extent of stock price volatility is being influenced by integration between the domestic and international capital markets as well as the regulatory framework governing the stock market. In India, now stock prices are being influenced by other international market. In this study an attempt has been made to find out the degree of association among the various markets. In a view to understand the integration of various indices a study was undertaken. In this study, month-wise closing prices of BSE-Sensex, NYSE, NASDAQ, S&P500, Hang Seng, Nikkei225, SSE Composite Index, FTSE100,IPC,BOVESPA,CAC 40,FTSE/JSE, DOW JONES, STI,DAX was selected. This article examines the return and degree of association of the various indices with help of statistics. Finally we find some evidence of association among the various stock markets and we applied Markowitz mean variance approach to determine optimal portfolio consisting of major market indices.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"20 1","pages":"125-130"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87172717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970927
R. Balabantaray, Deepak Sahoo
Transliteration is an important Natural Language Processing task. Transliteration is an automatic method for converting words in one language into phonetically equivalent ones in another language. In this paper we use the popular phrase-based SMT techniques for the task of machine transliteration, for Odia-English and Odia-Hindi language pair. We have created two models for syllable based splits (Odia-English, Odia-Hindi) on 50,900 parallel entries and two models for character based splits (Odia-English, Odia-Hindi) on 1,10,000 parallel entries. SRILM is used to build statistical language models. GIZA++ is used to perform word alignments over parallel corpora. We have achieved an accuracy of 89% for Odia-English and 86% for Odia-Hindi on Syllable based split and 71% for Odia-English and 85% for Odia-Hindi on character based split.
{"title":"Odia transliteration engine using moses","authors":"R. Balabantaray, Deepak Sahoo","doi":"10.1109/ICBIM.2014.6970927","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970927","url":null,"abstract":"Transliteration is an important Natural Language Processing task. Transliteration is an automatic method for converting words in one language into phonetically equivalent ones in another language. In this paper we use the popular phrase-based SMT techniques for the task of machine transliteration, for Odia-English and Odia-Hindi language pair. We have created two models for syllable based splits (Odia-English, Odia-Hindi) on 50,900 parallel entries and two models for character based splits (Odia-English, Odia-Hindi) on 1,10,000 parallel entries. SRILM is used to build statistical language models. GIZA++ is used to perform word alignments over parallel corpora. We have achieved an accuracy of 89% for Odia-English and 86% for Odia-Hindi on Syllable based split and 71% for Odia-English and 85% for Odia-Hindi on character based split.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"69 1","pages":"27-29"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79129237","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970975
Prosenjit Ghosh, Gautam Bandyopadhyay
The operating no-frill airlines in eastern India are experiencing poor load factors, low yield and unhealthy financial condition due to some reasons. To overcome the situation, airlines need to have strategies to effect turnaround of the airlines. This can be achieved only if airlines come to know their performance efficiency gap with benchmarked airlines. To investigate the efficiency of operating no-frill airlines (LCCs) in eastern India, publicly available data of various parameters related to the technical and financial health of these airlines were collected. Attempts were made to study the technical efficiency, by relating to the use input and output variables. The Data Envelopment Analysis (DEA) was employed to estimate the technical efficiency of these. Efficiency of each no-frill airline in comparison with other no-frill airlines was estimated. Then Super Efficiency Model was applied on most efficient airlines. The research also has identified the rank of performance of no-frill airlines which helps to understand the technical efficiency and performance of operating no-frill airlines in eastern India. This gave a clear idea regarding performance of different no-frill airlines for the stipulated time horizon.
{"title":"Efficiency and ranking of operating no-frill airlines in Eastern India: An application of data envelopment analysis (DEA)","authors":"Prosenjit Ghosh, Gautam Bandyopadhyay","doi":"10.1109/ICBIM.2014.6970975","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970975","url":null,"abstract":"The operating no-frill airlines in eastern India are experiencing poor load factors, low yield and unhealthy financial condition due to some reasons. To overcome the situation, airlines need to have strategies to effect turnaround of the airlines. This can be achieved only if airlines come to know their performance efficiency gap with benchmarked airlines. To investigate the efficiency of operating no-frill airlines (LCCs) in eastern India, publicly available data of various parameters related to the technical and financial health of these airlines were collected. Attempts were made to study the technical efficiency, by relating to the use input and output variables. The Data Envelopment Analysis (DEA) was employed to estimate the technical efficiency of these. Efficiency of each no-frill airline in comparison with other no-frill airlines was estimated. Then Super Efficiency Model was applied on most efficient airlines. The research also has identified the rank of performance of no-frill airlines which helps to understand the technical efficiency and performance of operating no-frill airlines in eastern India. This gave a clear idea regarding performance of different no-frill airlines for the stipulated time horizon.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"394 1","pages":"136-140"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77764580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970925
Arindum Mukhopadhyay, A. Goswami
Demand of many items begins to decrease with time due to obsolescence, quality degradation, competition etc. In marketplace new product is generally introduced at maximum retail price and retailers then lower the price with course of time due to competition to increase their demand. This increases the sales and saves some costs. This article tries to incorporate above scenario to develop a novel inventory model with selling price dependent time varying demand, variable holding cost and constant obsolescence or deterioration rate. Selling price also decreases linearly with time. Ordering cost, purchase cost, variable holding cost, deterioration cost and selling price are taken together to construct the total average profit function, which is maximized to obtain the optimal cycle time, optimal lot size and value of optimum average profit function. Sensitivity analysis is performed to establish that our model is robust and important managerial implications are put forward to demonstrate the applicability of the model.
{"title":"Deteriorating inventory model with variable holding cost and price dependent time varying demand","authors":"Arindum Mukhopadhyay, A. Goswami","doi":"10.1109/ICBIM.2014.6970925","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970925","url":null,"abstract":"Demand of many items begins to decrease with time due to obsolescence, quality degradation, competition etc. In marketplace new product is generally introduced at maximum retail price and retailers then lower the price with course of time due to competition to increase their demand. This increases the sales and saves some costs. This article tries to incorporate above scenario to develop a novel inventory model with selling price dependent time varying demand, variable holding cost and constant obsolescence or deterioration rate. Selling price also decreases linearly with time. Ordering cost, purchase cost, variable holding cost, deterioration cost and selling price are taken together to construct the total average profit function, which is maximized to obtain the optimal cycle time, optimal lot size and value of optimum average profit function. Sensitivity analysis is performed to establish that our model is robust and important managerial implications are put forward to demonstrate the applicability of the model.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"243 1","pages":"14-19"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80541291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970924
Mou Mukherjee-Das
The much famous proverbial line that often does the rounds in India is that “India talks too much”. India has the habit of talking on any issue under the sun, anytime, anywhere and with anybody. Where talking seems to be the most important prerogative, there the social media has emerged to be the new avatar of expression and has given this much means of expression a new dimension. The business of opinion creation, generation, formation, sharing, promotion, and its subsequent distribution and transmission by the gen Y, all under one roof, is keeping India alive. The researcher aims to find out the evolution and nature of this new concept as business, the uniqueness of this concept from others, and understand the theory of opinion generation through opinion leaders and its impact in creating a connected consumer. While doing so the researcher besides studying and analyzing various literatures, has also attempted to conduct a survey of 300 samples from a population which consisted of Industrial area of Durgapur and a metro city Kolkata, among the Industry Professionals and young students. Also review of pertinent literature related to the topic has been traced, analyzed and discussed. Both qualitative as also quantitative research methods have been carried out. Surveys, and questionnaire, have been used and proper statistical measures have been employed to analyze them.
{"title":"Gen Y and connected consumers - A study of their opinion management in social media","authors":"Mou Mukherjee-Das","doi":"10.1109/ICBIM.2014.6970924","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970924","url":null,"abstract":"The much famous proverbial line that often does the rounds in India is that “India talks too much”. India has the habit of talking on any issue under the sun, anytime, anywhere and with anybody. Where talking seems to be the most important prerogative, there the social media has emerged to be the new avatar of expression and has given this much means of expression a new dimension. The business of opinion creation, generation, formation, sharing, promotion, and its subsequent distribution and transmission by the gen Y, all under one roof, is keeping India alive. The researcher aims to find out the evolution and nature of this new concept as business, the uniqueness of this concept from others, and understand the theory of opinion generation through opinion leaders and its impact in creating a connected consumer. While doing so the researcher besides studying and analyzing various literatures, has also attempted to conduct a survey of 300 samples from a population which consisted of Industrial area of Durgapur and a metro city Kolkata, among the Industry Professionals and young students. Also review of pertinent literature related to the topic has been traced, analyzed and discussed. Both qualitative as also quantitative research methods have been carried out. Surveys, and questionnaire, have been used and proper statistical measures have been employed to analyze them.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"1 1","pages":"7-13"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83105901","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970942
Dipen Nath, S. Kalita
The aim of this paper is to find the distinction of different age group of people by calculating short time energy (STE) and zero crossing rate (ZCR) of voiced segments of a speech signal. The STE and ZCR are two widely accepted method for the purpose of distinguishing voiced and unvoiced part of a speech signal. The physiological properties of human organs such as the glottis and the vocal tract are subject to change due to age and gender differences. Since these physical changes are reflected in the speech signal, so acoustics measures related to these properties may be helpful for speaker age detection. In the present study speech samples are recorded from six speakers including three males and three females (i.e. age 50, 30 and 10). Experimental results show that the age 50 male and female informants corresponding to STE and ZCR plots depicting clarity of the speaker's identification with lower age group.
{"title":"An effective age detection method based on short time energy and zero crossing rate","authors":"Dipen Nath, S. Kalita","doi":"10.1109/ICBIM.2014.6970942","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970942","url":null,"abstract":"The aim of this paper is to find the distinction of different age group of people by calculating short time energy (STE) and zero crossing rate (ZCR) of voiced segments of a speech signal. The STE and ZCR are two widely accepted method for the purpose of distinguishing voiced and unvoiced part of a speech signal. The physiological properties of human organs such as the glottis and the vocal tract are subject to change due to age and gender differences. Since these physical changes are reflected in the speech signal, so acoustics measures related to these properties may be helpful for speaker age detection. In the present study speech samples are recorded from six speakers including three males and three females (i.e. age 50, 30 and 10). Experimental results show that the age 50 male and female informants corresponding to STE and ZCR plots depicting clarity of the speaker's identification with lower age group.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"22 1","pages":"99-103"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81039075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970930
K. Adhikary, Suman Das, Samir Roy
Gene expressions with similar patterns are clustered, which help us to understand the functions of unknown and abnormal patterns of genes in future. The major task of gene expression data clustering is to identify groups of co-expressed genes. In this regard a new gene expression clustering method, termed as A Novel and Efficient Rough Set Based Clustering Technique for Gene Expression Data (NRSBCGE), is proposed based on the Rough set theory. This method is designed intelligently as it itself detects the optimum number of clusters. The proposed clustering method provides an efficient way of finding the unique gene expression patterns. The method was experimented with two publicly available cancer datasets and the results were compared with two existing methods of clustering. The effectiveness of the proposed method, along with a comparison with existing Rough set based gene selection and clustering algorithms, is demonstrated based on the silhouette index, which provides better result than the previously proposed methods.
{"title":"A Novel and Efficient Rough Set Based Clustering Technique for Gene Expression Data","authors":"K. Adhikary, Suman Das, Samir Roy","doi":"10.1109/ICBIM.2014.6970930","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970930","url":null,"abstract":"Gene expressions with similar patterns are clustered, which help us to understand the functions of unknown and abnormal patterns of genes in future. The major task of gene expression data clustering is to identify groups of co-expressed genes. In this regard a new gene expression clustering method, termed as A Novel and Efficient Rough Set Based Clustering Technique for Gene Expression Data (NRSBCGE), is proposed based on the Rough set theory. This method is designed intelligently as it itself detects the optimum number of clusters. The proposed clustering method provides an efficient way of finding the unique gene expression patterns. The method was experimented with two publicly available cancer datasets and the results were compared with two existing methods of clustering. The effectiveness of the proposed method, along with a comparison with existing Rough set based gene selection and clustering algorithms, is demonstrated based on the silhouette index, which provides better result than the previously proposed methods.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"24 3","pages":"41-46"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72598097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-12-04DOI: 10.1109/ICBIM.2014.6970928
Maloth Rajender, R. Pal
Cheque Truncation System (CTS) is an image based cheque clearing system. It enables faster clearing of cheques. Indian banks have implemented this technology in selected areas of the country. Meanwhile, several fraud cases have already occurred by taking advantage of inadequate security mechanisms of this system. One of several mechanisms of committing frauds is to alter the digital image of the cheque. This paper proposes a method to tackle this type of fraud. It is based on inserting a watermark signal in the image of the cheque. But unlike traditional watermarking, this method is not interested in extracting the watermark at the receiver side. Rather it counts number of mismatching pixels in between the cover image and the watermarked image to detect occurrence of fraud. It also can identify which portions of the cheque image have been altered.
{"title":"Detection of manipulated cheque images in Cheque Truncation System using mismatch in pixels","authors":"Maloth Rajender, R. Pal","doi":"10.1109/ICBIM.2014.6970928","DOIUrl":"https://doi.org/10.1109/ICBIM.2014.6970928","url":null,"abstract":"Cheque Truncation System (CTS) is an image based cheque clearing system. It enables faster clearing of cheques. Indian banks have implemented this technology in selected areas of the country. Meanwhile, several fraud cases have already occurred by taking advantage of inadequate security mechanisms of this system. One of several mechanisms of committing frauds is to alter the digital image of the cheque. This paper proposes a method to tackle this type of fraud. It is based on inserting a watermark signal in the image of the cheque. But unlike traditional watermarking, this method is not interested in extracting the watermark at the receiver side. Rather it counts number of mismatching pixels in between the cover image and the watermarked image to detect occurrence of fraud. It also can identify which portions of the cheque image have been altered.","PeriodicalId":6549,"journal":{"name":"2014 2nd International Conference on Business and Information Management (ICBIM)","volume":"55 1","pages":"30-35"},"PeriodicalIF":0.0,"publicationDate":"2014-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84744879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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