Financial management in a capital group is very important for its growth and operation. Liquidity risk management can be analyzed regarding their static and dynamic dimensions. The process can also be facilitated by cash management products offered by financial institutions. One of the mechanisms influencing the increase in cash management efficiency of a capital group examined in this article is cash pooling, notably multicurrency cash pooling. This type of product is based frequently on the virtual consolidation. Its essence is the consolidation of cash available on the accounts of individual system participants. Using this solution the capital group can manage surpluses and shortages achieving the “economies of scale” (cost reduction and maximization of interest income). Available one the banking services market solutions offer consolidation in USD, EUR, CHF, GBP. The article presents the definition of cash pooling and the essence of its operation. Based on the literature analysis, the article lists types of cash pooling and benefits associated with it. Following on from the solution described, the article presents a model of multicurrency cash pooling in a capital group, including steps necessary to implement it and proposed technical solutions. The solution is described, can be also successfully applied in capital groups of energy sector. Using multicurrency consolidation is very useful solution in deposits management for transactions concluded in international commodities exchanges.
The article presents experiments in realistic modelling of facial expressions using volume morphing. The experiments use a variable number of points and face features. As the results are shown meshes deviations (between goal mesh and morphed shape). Experiments have shown that it is impossible to carry out a fully realistic morphing based on existing software. At the same time, even imperfect morphing allows you to show the expected emotional facial expression.
The quality of coal has been analyzed basing on the data from geological exploration and chemical – geological analyses of coal carried out on the samples obtained from the boreholes and mining pits. The operated coal seams indexed as 382 and 385/2 reveals the changeable morphology due to the thickness of carbon shoals and stent intergrowths. The other parameters, such as the ash content or the calorific value are strongly linked with the non-coal rock interlayers, which presence causes the decrease in the calorific value and increase in the amount of after-burning ash. These parameters are less dependable on the sedimentation environment of the coal formation material. The content of total sulfur in the analyzed seams does not show any link with the values of the parameters analyzed before. The total sulfur is made up from sulphide gathered in coal and sulphates deriving from the decomposition of plants and supplied by deposit waters in different phases of coal seam formation. The obtained results could be useful in the reconnaissance of the prospective seams lying below the currently exploited ones (e.g. 389) and the seams in the neighboring areas.
This paper analyses the use of Polish achievements with durative expressions of godzinę (in an hour) and przez godzinę (for an hour) – types, their use in the progressive and finally a possible relationship between this use and the terminative recategorisation of imperfective achievements. In the analysis we have accounted for a number of linguistic and contextual factors that influence the possibility of the progressive use of achievements. This has allowed us to propose several subclasses of achievements that may undergo recategorisation under specific conditions set in the concluding section.
The article deals with the patterns of segmental adaptation of Polish voiceless affricates in initial and fi nal CC (consonant + consonant) clusters by native speakers of English. The data have been collected in an online loanword adaptation experiment in which 30 native speakers of Southern British English reproduced Polish words containing such sequences. The major problem posed by the data is the divergent adaptation of the post-alveolar /͡tʂ/ vs. the pre-palatal /͡tɕ/, with the former substituted mainly with the coronal plosive [t] and the latter realised as the palato-alveolar affricate [͡tʃ]. It is argued that these patterns of nativisation are due to the highlyranked IDENT-IO[dist] constraint, which militates against the modifi cation in the value of the feature [distributed]. Furthermore, it is demonstrated that the experimental results provide evidence in favour of the fundamental assumptions underlying the phonological approach to loan assimilation, namely the phonological input view as well as the faithful perception view.
The article discusses the late Middle English replacement of the ordinal number other by the Romance loanword second. The major cause of the change was the ambiguity and polyfunctionality of the older native word. The study is based on the language material from the Dictionary of Old English Corpus, the Middle English Compendium and the Anglo-Norman Dictionary
In this paper, a new Multi-Layer Perceptron Neural Network (MLP NN) classifier is proposed for classifying sonar targets and non-targets from the acoustic backscattered signals. Besides the capabilities of MLP NNs, it uses Back Propagation (BP) and Gradient Descent (GD) for training; therefore, MLP NNs face with not only impertinent classification accuracy but also getting stuck in local minima as well as lowconvergence speed. To lift defections, this study uses Adaptive Best Mass Gravitational Search Algorithm (ABGSA) to train MLP NN. This algorithm develops marginal disadvantage of the GSA using the bestcollected masses within iterations and expediting exploitation phase. To test the proposed classifier, this algorithm along with the GSA, GD, GA, PSO and compound method (PSOGSA) via three datasets in various dimensions will be assessed. Assessed metrics include convergence speed, fail probability in local minimum and classification accuracy. Finally, as a practical application assumed network classifies sonar dataset. This dataset consists of the backscattered echoes from six different objects: four targets and two non-targets. Results indicate that the new classifier proposes better output in terms of aforementioned criteria than whole proposed benchmarks.
The aim of this study was to delimit lacustrine deposits underlaying present peatlands. On this basis, the location of water bodies in late Pleistocene and early Holocene was recognized. The lakes’ occurrence was presented on the background of geomorphological conditions. Lacustrine deposits occur mainly in depressions of the northern part of the Knyszyńska Forest. They are placed in upper parts of the Czapielówka River, Jałówka River, middle Sokołda River and upper Kumiałka River catchments. The thickness of gyttja varies between 0.4 and 2.5 m. These are detrital, calcareous and clay-calcareous gyttjas. Lacustrine sediments fill the bottoms of various meltout depressions. The origin of these depressions, as well as the whole glacial relief of the terrain, is often linked to deglaciation of the Warta ice sheet. However, kame deposits in the Janów village are younger than Warta glaciation. Moreover, the catchment relief of the upper Kumiałka River is similar to the relief which originates from Vistulian glaciation. Besides, there are boulder deposits directly under the lacustrine deposits. These three facts indicate a younger age of the melt-out depressions in the upper Kumiałka River catchment.