This paper analyzes the diversification-value puzzle from the Real Options (RO) approach. Our proposal conceives corporate diversification as a process which involves both the sequential replacement of prior acquired investment opportunities by assets-in-place and the generation of new valuable growth options. We argue that this conceptual framework allows to explain both documented diversifica...

In this paper, we present AR Paint, a fusion system of a paint tool and Augmented Reality (AR) that can augment in-place hand-drawn paintings onto an object. The system allows users to draw anything using the paint tool and then augment it onto an object whenever they want while providing a new experience and enjoyment during the process. It also has potential value if used in industry or for m...

In recent decades, economic development and population growth in the world has led to the expansion of road networks. Therefore the use of optimum methods for repairing and maintenance of these roads is considered as an important value. Today one of the options in this regard, is the use of asphalt recycling technology. The present study which took place in the summer of 2015 in Iran, Lorestan ...

Dignity and independence are widely considered as core concepts to aging well, yet little research has explored how older adults perceive these issues in the context of community life. Moreover, little is known regarding the ways in which the broader public views and enhances aging with dignity and independence with their older residents. Using participatory action research, multiple methods of...

Every permutation of {1, 2, . . . , N} can be written as the product of two involutions. As a consequence, any permutation of the elements of an array can be performed in-place using simultaneous swaps in two rounds of swaps. In the case where the permutation is the k-way perfect shuffle we develop two methods for efficiently computing the pair of involutions that accomplishes these swaps. The ...

Water cooling by ambient takes place with two mechanisms of heat and mass transfer. Using packings at wet cooling towers has disadvantages such as obstruction, reduction of life expectancy and production of algae and fungi. In shower cooling towers types of towers packings are completely removed and water intake is in direct contact and heat transfer takes place in two ways of latent and sensib...