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                    <text>A FLOOD OF METAPHORS?
CONCEPTUAL METAPHORS IN THE 2014 BALKAN MEDIA REPORTS ON
FLOODS

Jelena Bošnjak &amp; Dubravka Trišić
University of Belgrade
Article History:
Submitted: 10.06.2015
Accepted: 11.08.2015

Abstract: The paper explores the linguistic and conceptual metaphors in media reports
on the 2014 floods in the Balkans, focusing on the conceptualization of floods and floodrelated concepts. While natural disasters such as floods and hurricanes represent a wellknown source domain within the conceptual metaphor theory, this paper aims to explore
floods as a target domain drawing on online Balkan newspaper reports from May 2014.
The analysis offers insight into long-standing, conventional metaphors related to floods
and natural disasters as well as the specific realizations and elaborations of these and
other metaphors in the context of the 2014 Balkan floods. The possible functions and
effects of the predominant metaphors related to the 2014 floods are discussed.
Key words: conceptual metaphor, cognitive linguistics, floods, the Balkans, media

�1 INTRODUCTION
In May 2014, a series of devastating floods occurred in several countries in the Balkan
Peninsula. Due to their catastrophic proportions, the floods received significant attention
in the media. Drawing on the theory of conceptual metaphor, this paper explores floodrelated conceptual metaphors in the newspaper discourse on the 2014 floods in three
countries whose standard languages are highly mutually intelligible – Bosnia and
Herzegovina, Croatia, and Serbia – aiming to determine how the floods were
conceptualized by identifying the most common conceptual metaphors. The possible
effects of and reasons for the use of the most pervasive metaphors are also considered.
1.1 Theoretical background
The conceptual metaphor theory, formulated by Lakoff and Johnson in their seminal
work Metaphors We Live By (1980), regards metaphors not as a poetic or rhetorical
device, but as a crucial part of our conceptual system. Conceptual metaphors are thus
considered to be a matter of thought, not merely language, and they are defined as the
understanding of one conceptual domain – the target domain – in terms of another
domain – the source domain. Target domains are typically “areas of experience that are
relatively abstract, complex, unfamiliar, subjective or poorly delineated”, while source
domains are normally “concrete, simple, familiar, physical and well-delineated
experiences” (Semino, 2008, p. 6). The conceptual metaphor theory postulates that we
reason about some concepts in terms of other concepts based on a set of systematic
correspondences between or across these two domains called mappings which are
grounded in human experience (see e. g. Kövecses, 2010, pp. 77–88).
Conceptual metaphors which underlie our thinking are manifested in language as
metaphorical linguistic expressions, although they can have other, non-linguistic
manifestations as well (see e. g. Kövecses, 2010, pp. 63–73, Rasulić, 2004, pp. 338–433).
More importantly, as Lakoff and Johnson (1980, p. 3) argue:
“Our concepts structure what we perceive, how we get around in the world, and how we
relate to other people. Our conceptual system thus plays a central role in defining our
everyday realities. If we are right in suggesting that our conceptual system is largely
metaphorical, then the way we think, what we experience, and what we do every day is
very much a matter of metaphor.”

While FLOODS have been identified as a source domain in conceptual metaphors
such as IMMIGRATION IS FLOOD (e. g. Cunningham-Parmeter, 2011), this paper explores
floods and flood-related concepts as the target domain seeking to reveal how floods were
conceptualized in the public discourse in Bosnia and Herzegovina, Croatia, and Serbia,
and what possible implications this had for the way readers thought and felt about the
disaster.
1.2 Data and methodology
Our corpus encompassed all flood-related metaphorical expressions in three most widelyread daily newspapers with online archives per country (Dnevni list, Glas Srpske and

�Večernji list for Bosnia and Herzegovina, 24sata, Jutarnji list and Večernji list for
Croatia and Blic, Kurir and Večernje novosti for Serbia). The metaphors were extracted
from all articles on floods published between May 14, when the earliest reports on floods
appeared, until May 31, when the floods and subsequently the reporting on them had
subsided. The choice of the newspapers was based on the assumption that the analysis of
these reports would reveal most accurately how the floods were represented in the media
and thus how the framework through which the readers could conceptualize the floods
was shaped. The analysis included not only the lexeme ‘flood/floods’ (poplava/poplave),
but also all flood-related lexemes referring to the water and bodies of water that
constituted part of the floods. To avoid unnecessary repetition, the lexeme ‘flood/floods’
is used in all conceptual metaphors throughout this paper as an umbrella concept for all
of these lexemes. Furthermore, as we found that the same conceptual metaphors were
used in all three countries, we do not cite the newspapers or countries the examples were
extracted from although care was taken to ensure that all the countries were represented
in them.
Expressions were considered as metaphorical in those cases where it was possible
to identify two domains with metaphorical mappings between them. After these
expressions were extracted, they were analyzed to identify the overarching conceptual
metaphors. The data is given both in the original language and translated into English
while metaphorical expressions in both languages are italicized in the examples. We also
adhere to the well-established custom to mark conceptual metaphors and domains by
small capital letters.
2 RESULTS
Our analysis revealed that the most common conceptual metaphors used in the discourse
on floods were the same in all three countries. We present and discuss these metaphors in
the sections below.
2.1 Floods as an animate being
The conceptualization of floods as an ANIMATE ENTITY represents the most frequent
metaphor in our corpus. It is based on two ontological metaphors: EVENTS ARE ENTITIES
and EVENTS ARE ACTIONS. According to Lakoff and Johnson (1980: 25), conceptualizing
events, emotions, ideas and similar concepts which are not discrete or clearly bounded as
entities allows us to perceive parts of our experience as separate entities and therefore
reason about them. The conceptual metaphor EVENTS ARE ACTIONS enables us to
understand external events we have no control over as willful actions by an entity (Lakoff
and Turner 1989: 72–80).
In the majority of cases, the floods were personified and assigned “human
motivations, characteristics and experiences” (Lakoff and Johnson 1980: 13), above all
consciousness and cognitive ability:
(1) Voda ne zna granice, niti narodnosti, niti vjeru. Voda zna svoju razinu i pravac.
[Water knows no boundaries, nationalities or faiths. Water knows its level and
direction.]

�One of the dominant characteristics of the floods was the ability of willful
movement. The floods were seen as entities that were able to ‘come’ (doći), ‘go’ (otići),
‘enter’ (ući), ‘approach’ (prići), ‘cross’ (preći preko), ‘turn around’ (okrenuti tok),
‘run/hurry down’ (sjuriti se), etc.
(2) Voda…sjurila se kroz moje dvorište i otišla do Živkovog.
[The water…ran down my yard and went to Živko’s.]
Another characteristic of the floodwater was its ability to exert willful physical
force and consciously manipulate objects by ‘taking’ (uzeti), ‘carrying’ (nositi), ‘carrying
away’ (odn(ij)eti), ‘grabbing’ (dohvatiti), ‘breaking off’ (odlomiti), ‘severing’
(prekinuti/pres(j)eći), ‘tearing down’ (urušiti/srušiti), etc. When physical force was
combined with movement, the floods were described as ‘unstoppable’ (nezaustavljiva).
(3) …reka je odlomila i odnela deo parkinga…
[...the river broke off and carried away a piece of the parking lot...]
Very often, the physical force was accompanied by murderousness or aggression:
the floods ‘threatened’ (pretiti), ‘destroyed/ravaged’ (uništiti/uništavati/lomiti), ‘killed’
(ubiti, usmrtiti) and ‘buried’ (sahraniti), ‘wreaked havoc’ (napraviti k/haos), etc. The
floods were also seen as being out of control – they ‘went wild’ (podivljati) and were
ascribed various associated qualities or emotions such as being ‘unpredictable’
(nepredvidiva), ‘frenzied’ (pomahnitala), ‘raging’ (podivljao), ‘merciless/ruthless’
(nemilosrdna) while events they caused were seen as the results of ‘venting’ (iskaliti se).
(4) … nepokretna starica koju je voda ubila u njenom domu…
[... a disabled old woman whom the water killed in her home...]
(5) Kolubara je podivljala...
[The Kolubara has gone wild…]
(6) …koje je Jasenica i Kubršnica nemilosrdno natapala, povukla.
[…that the Jasenica and the Kubršnica ruthlessly flooded.]
Occasionally, the floods were assigned the ability to ‘calm down’ (umiriti se) or
‘show mercy’ (pokazati samilost).
(7) Kada se reka umirila problem se otvorio na drugoj strain…
[When the river calmed down, another problem occurred…]
Apart from physical force, the floods were also capable of exercising power and
influence. The floods thus had the ability to ‘force’ (primorati), ‘allow/permit’
(dopustiti), ‘change’ (prom(j)eniti), ‘take over/take control of’ (preuzeti pod svoje),
‘postpone’ (odložiti/odgoditi), etc.
(8) ... rekordne poplave koje su zadesile Balkan primorale su desetine hiljada ljudi
u Srbiji i Bosni da napuste svoje domove.

�(9)

[... record floods in the Balkans have forced tens of thousands of people in
Serbia and Bosnia to leave their homes.]
… ako to kiša i poplava dopuste...
[... if the floods and rain permit it...]

The conceptualization of floodwater as an animate being was also realized through
the source domain of A (SEA) MONSTER or in one case through the domain of A SEA
SNAKE. The monster was mostly described as ‘devouring’ ((pro)gutati) objects, people or
even entire towns.
(10) Kolubara je progutala grad za manje od 10 sati…
[The Kolubara devoured the town in less than 10 hours…]
2.2 Floods as a unifier
The floods also had one positive effect – they became a A UNIFIER which ‘united
people/brought people together’ (zbližiti ljude/ujediniti ljude/sve spojiti/udružiti), ‘led to
the collapse of ethnic barriers’ (dovesti do pada etničkih barijera), ‘erased borders’
(izbrisati granice) and made people show ‘unity’ (jedinstvo/sloga/zajedništvo), have a
‘heart which beats in unison’(srce kuca jedinstveno), and become ‘one big family’ (velika
obitelj/porodica).
(11) Ovo nas je ujedinilo, kao što nas nevolja uvek ujedinjuje…
[This has united us the way hardship always unites us.]
2.3 Taking measures against floods as waging a war
The activities that were undertaken to deal with the floods were commonly
conceptualized as WAGING A WAR. WAR has been identified as a source domain with a
wide scope which applies to many target domains such as LOVE or POLITICS (Kövecses,
2010, pp. 135–146) and across different languages (see e.g. Chiang &amp; Duann, 2007;
Semino &amp; Masci, 1996). Larson, Nerlich and Wallis (2005) studied “militaristic
metaphors” in the context of invasive species and diseases. War metaphors have been
identified in the discourse on natural disasters in at least two languages (see Trčková,
2011 for English and Zhang, 2015 for Chinese). In many cases, the war metaphors are
well-established, basic, or conventional metaphors meaning that their use is
“unconscious, automatic, and typically unnoticed” (Lakoff &amp; Turner, 1989, p. 80).
Conventional war metaphors also exist in Bosnian, Croatian and Serbian. Some of
these expressions are conventional within the discourse on emergencies and were
therefore quite frequent in our corpus: ‘braniti/o(d)braniti’ (defend), ‘o(d)brana’
(defense), ‘(ne)branjen’ ((un)defended) ‘boriti se protiv’ (fight against), and ‘borba
protiv’ (fighting/struggle against).
(12) … do proglašenja redovnih mjera obrane od poplava.
[…until regular defense measures against floods can be declared.]
(13) Sjeverni dio Bosne se još uvijek grčevito bori s podivljalim rijekama.

�[The northern part of Bosnia is still desperately fighting against rivers gone
wild.]
However, we encountered numerous other, non-conventional realizations of this
metaphor. Activities done to resist the floods were seen as a ‘war’ (rat) in which ‘battles’
(bitke) could be ‘fought’ (voditi). The floods, AN INVADER, ‘conquered’ (osvajati)
territories, ‘occupied’ (okupirati) objects, and ‘besieged’ (opkoliti sa svih strana) people.
The destruction caused by the floods was seen as ‘aggression’ (agresija) while the water
was even characterized as ‘bloodthirsty’ (krvožedna). The human fighters, some of which
were ‘volunteers’ (dobrovoljci), and their ‘fellow-combatants’ (saborci), could bring in
‘reinforcement’ (pojačanje) but they were rarely able to ‘win’ or ‘defeat’ (pob(j)editi)
their enemy. Sometimes, ‘heroes’ (heroji/junaci) emerged from this war. The areas with
levees or sandbags were called ‘defense lines’ (odbrambena linija/linije odbrane), ‘a line
of battle’ (linija fronte), ‘bulwarks/ramparts’ (utvrde), while a place safe from the floods
was once described as a ‘stronghold’ (uporište).
(14) Paralelno s tim brani se druga linija fronte...
[At the same time, the second line of battle is being defended…]
(15) Same akcije spašavanja ljudi iz vodom okupiranih kuća bile su na trenutke
dramatične.
[Saving people from houses occupied by water was at times very dramatic.]
2.4 Floods as a projectile
A very frequent metaphor in our corpus was the metaphor A FLOOD IS A PROJECTILE,
realized in all three countries through the expression ‘hit’ (pogoditi) and its participle
‘hit’ (pogođen).
(16) …pomoć za područja pogođena poplavama.
[…aid for the areas hit by floods.]
2.5 Floods as a container
Another quite common metaphor was A FLOOD IS A CONTAINER, realized through the
preposition ‘in’ (u) and the locative case of the noun in question.
(17) …obiteljima čiji su najmiliji izgubili živote u poplavi…
[...the families that have lost their loved ones in the flood...]
2.6 Floods as an apocalyptic event or hell
Finally, the floods were conceptualized as THE BIBLICAL/APOCALYPTIC
FLOOD/DELUGE, THE PASSION OF CHRIST, THE APOCALYPSE/AN APOCALYPTIC EVENT and
THE HELL. The metaphorical realizations of these source domains included ‘the Flood’
(potop), ‘of Biblical proportions’ (biblijskih razmera), ‘the Passion of Christ/calvary’

�(kalvarija), ‘the apocalypse’ (apokalipsa), ‘apocalyptic’ (apokaliptičan), ‘cataclysmic’
(kataklizmičan), ‘hell’ (pakao, etc.).
(18) Bosna i Hercegovina je…prošla još jednu kalvariju…
[Bosnia and Herzegovina has...gone through another calvary...]
(19) Apokalipsa u Rajevom Selu
[Apocalypse in Rajevo Selo]
(20) Novinarka “Blica” u paklu Obrenovca
[Blic journalist in the hell of Obrenovac]
3 DISCUSSION AND CONCLUSIONS
When the most common conceptual metaphors and their linguistic realizations
encountered in our corpus are all taken into consideration, a multi-faceted concept of the
2014 May floods in the Balkans emerges. Rather than being an event occurring without a
purpose, the floods were conceptualized as a sentient entity with physical and cognitive
abilities, capable of purposeful movement, of influencing the world around them, and
characterized by significant physical strength. When these qualities were paired with rage
that needed to be vented and mercilessness, widespread destruction and chaos ensued.
The floods became frenzied and unpredictable and therefore impossible to control until
they themselves decided to calm down and show mercy. Sometimes, they took on the
form of an evil monster devouring everything in its path. The only positive (side-)effect
they had was bringing people together, but mainly for the purpose of putting up unified
resistance. They often took on the role of an invader or attacker in a proper, albeit
somewhat one-sided war. Some areas and people were simply hit by the floods, suddenly
and unexpectedly. Finally, even when the floods were conceptualized as an event it was
an end-of the-world event or simply hell.
Although the numerous flood-related metaphorical expressions were not evenly
distributed across the corpus – not all of the linguistic manifestations were used in each
country and some of them occurred only once or twice in the entire corpus – the
overarching conceptual metaphors were the same in all three countries, the most frequent
in the corpus and therefore the most pervasive in the discourse on floods. Some of these
metaphors, such as the ontological metaphor of personification, are, as Lakoff and
Johnson (1980) maintain, “necessary for even attempting to deal rationally with our
experiences” (p. 26) since they help us understand unfamiliar experiences in terms of
more familiar ones. However, as Semino (2008) argues, metaphors in discourse,
especially non-conventional ones, are rarely neutral and are often deliberately chosen
among many alternatives for a variety of communicative, social, political, historical and
other reasons. The “main set of functions of metaphors in discourse relates to the
representation of (particular aspects of) reality” (Semino, 2008, p. 31) where the choice
of the source domain through which a concept is to be understood directly affects that
understanding. One of the reasons for this is that conceptual metaphors highlight some
aspects of the target domain while hiding others depending on the choice of the source
domain (Lakoff &amp; Johnson 1980, pp. 10–13).
While it is not possible give definite reasons why the conceptual metaphors
presented in this paper were the most common in the discourse on the 2014 Balkan

�floods, we can speculate about the possible effects of these metaphors on public
consciousness. Given their pervasiveness, the concept of floods that was structured by
them is likely to have had an impact on how the public understood the floods and their
consequences. As evidenced throughout this paper, this concept was often one of a
juggernaut too powerful for any mere mortal to resist. The way the floods were
conceptualized highlighted almost exclusively the qualities of the floods, possibly
shifting the focus, and therefore perhaps also the responsibility and the blame, from the
people and their ability to resist the floods and mitigate their consequences or even
prevent them to the unstoppable floods themselves.

References
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Lakoff, J., &amp; Turner. M. (1989). More than cool reason. Chicago, IL: University of
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                <text>The paper explores the linguistic and conceptual metaphors in media reports on the 2014 floods in the Balkans, focusing on the conceptualization of floods and flood-related concepts. While natural disasters such as floods and hurricanes represent a well-known source domain within the conceptual metaphor theory, this paper aims to explore floods as a target domain drawing on online Balkan newspaper reports from May 2014. The analysis offers insight into long-standing, conventional metaphors related to floods and natural disasters as well as the specific realizations and elaborations of these and other metaphors in the context of the 2014 Balkan floods. The possible functions and effects of the predominant metaphors related to the 2014 floods are discussed.</text>
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                    <text>A Functional Based Simulator for the 8051 Microcontroller
Ahmet Turan Ozcerit
Sakarya University, Technology Faculty,Sakarya, Turkey
aozcerit@sakarya.edu.tr
Necat Guney
Izzet Baysal Vocational High School, Bolu, Turkey
necatguney@hotmail.com

Abstract: In this paper, a functional based simulator has been designed to facilitate the
education of the 8051 microcontroller, which is used widely in today's engineering and
educational purposes. In the realization of the simulator, a PC-based program is developed in
a way to make easy to follow the contents of the registers and flags of the running an 8051coded assembly program. Another important contribution fulfilled is a toolbox, which can
easily be connected to the ports of the microcontroller using as switch, button, display, etc.
The units in the toolbox can also be connected after compilation period. By the help of this
facility, the simulator can be used as a virtual microcontroller development board. Such
properties simplify to understand the internal architecture of the 8051 microcontrollers for
students and designers.

Introduction
Microcontrollers, apart from microprocessors, can handle many industrial tasks in effort free manner
and they are mostly proper answer for tight budgeted projects. They can be frequently called as embedded
computer since they can be used as a single chip for industrial solutions. Reprogramming property of these chips
attracts many designers to overcome various practical applications along with electrical control purposes.
Electronics hobbyists and engineering students are also primary target groups for embedded
microcontroller chips. Many electrical or computer engineering departments from all over the world include
microcontrollers in their course curriculum along with assembly programming. Since these courses mostly cover
practical side of the microcontrollers, an experimental based laboratory is required. However, experimental
laboratories are not appropriate solution when financial or spatial shortcomings are inevitable (Smith M. R., Cheng
M, 1996) . Using software-based simulators can offer affordable alternatives to hrdware based experimental kits.
Nevertheless, there are some limitations for almost every simulator, for example, simulators cannot always run
in real-time mode, neither debugs timing problems of the real system (TOPALOGLU N., 2002).

Related Works
In the past, many microprocessor simulator tools were designed and used by commercial purposes.
However, there are some examples were designed by educational and academic purposes. For example, C. W.
Caldwell et al. (Caldwell C., et al., 1995) proposed a graphical microprocessor simulator to be used in engineering
classes. By using their simulator, the students could also reach to see internal registers and computational details
of the microprocessors. Another simulator was designed for 68HC11 microcontroller at South Carolina
University in microcontroller programming courses for the students attending mechatronics engineering
department. Students could monitor each minute detail of the microcontroller such as RAM, ROM contents,
ports, serial interface, timers, etc. This simulator also enabled students to debug the designed system. At the end
of the course, many students focused on industrial applications that could be completed by microcontrollers
(Giurgiutiu V., et al., 2005).
In another paper, interpreter-based and compiler-based simulators were united in one simulator in order
to utilize the best features of both techniques (Reshadi M., et al., 2003) Interpreter-based simulators are preferred
388

�for flexibility and detailed operations while compiler-based simulators are used for fast simulations. The
simulator designed blended both simulators to increase the flexibility and performance of the operations to
balance each parameter. The simulator we designed has aimed to teach students the use of instruction set and
assembly programming of 8051 microcontrollers.

The Component Details of the Simulator
The 8051 simulator we designed has eight windows as seen in Figure-1:
• Code editing window
• Code compiling and error message window
• Program run control window
• Program code window
• Internal RAM window
• External RAM window
• Special Function Registers (SFRs) window
• Input/Output ports window

Figure-1: Main components of the 8051 simulator
Code editing window can be used either for new codes or for the codes loaded from the disk. In this
window, the program can be entered in 8051 assembly language. Once the program is assembled, a window is
appeared to display assembler result as indicated in Figure 2.

389

�Figure 2. Compile window showing assembler results
At this stage of the simulator, we have used standard ASM51.exe to assembly target assembly coded
files. Entire hex code, list code program development cycle is illustrated in Figure 3. Hex files can either be used
in many simulator programs, emulators or can be downloaded into a target 8051 derivative chip by programmer
software or a programmer device.

Code editing

*.asm file

ASM51.EXE
assembler

*.lst and
*.hex
files

Figure 3. Development cycle of hex and list files
In the list file, program assembly codes, corresponding hex codes, and code memory addresses are
created as seen in Figure 4. While the first column represents the memory address of corresponding assembly
codes, the second is for opcodes of that assembly codes. The simulator we designed uses first, second and third
columns to accomplish desired code simulation.

Figure 4. List file contents
If the assembly file includes errors, a set of error messages are issued. Having a successful compilation
completed, the assembly program can be run in step-by-step (F8) or in full speed (Ctrl + F12) fashion on run

390

�window as shown in Figure 5. On this window, a program counter, a cycle counter for current instruction, and
total simulation timer are deployed to monitor simulation events.

Figure 5. Program run control window
In the simulation stage, the internal and external memory blocks can be monitored. The internal RAM
window incorporates direct and indirect data memory and it can be modified by the user in bit or byte manner
during the simulation. However, the simulation needs to be paused before the modification. Any change in
internal RAM cell can be noticed immediately since the related RAM cell is colored in real-time. This facility
enables the user to control the simulation efficiently.
The external RAM and SFR memory windows have identical functions what internal RAM window has.
However, program code memory represents the hex code of the assembly programs as seen in Figure 6. The
program codes normally cannot be modified by the users, but if some users who are very confident on what they
do can modify the contents of the code memory in the paused mode.

Figure 6. Code memory window

391

�I/O ports, as illustrated in Figure 7, can be connected to a couple of hardware-based devices that are
used frequently for embedded systems. Each port can be connected to LEDs, switches, buttons, or sevensegment display. At reset time, each port is connected predetermined devices, but if desired, all ports can be left
alone. Each port’s connection can be reorganized during the simulation. There are some constraints though, for
example, at any time, two ports cannot be connected to the same device.

Figure 7. The I/O ports window

The Fundamentals of Simulation Operations
Once the errors are corrected, program counter value and its related opcode and operands are inserted
into arrays. The functional setup can be seen in Figure 8.

PC

OC

Opr

0000

74

FF

0002
0004

78
F5

15
15

0006
0008
0009

74
46
74

0F

000B

56

000C
000E
000F

74
66
74

PC: Program Counter
OC: Opcode (fetch)
Opr : Operand (fetch)

increment PC with
respect to OC and Opr

0F
Decode OC and use
operands

0F
0F

Figure 8. Block diagram of the simulator
In our design, we have used the program counter as array indexer. The PC is increased automatically
according to the type of the instruction. The simulation continues until an END instruction is encountered. In
order to separate opcodes from END instruction, we have used A5 hex number, which is not compatible with any
opcode in 8051 assembly language (MacKenzie, I.S.1995).

392

�Conclusions
Microprocessor and microcontroller courses often require experimental laboratory applications.
However, the students cannot always use hardware-based systems efficiently. Additionally, such systems can
bring major drawbacks such as financial or physical space difficulties. Students can have a great opportunity to
learn the course contents if software based solutions are provided. As an alternative solution, we have designed
and implemented a free and functional-based 8051-microcontroller simulator to be used in microprocessor
classes. The students not only create and edit their assembly codes in the provided environment, also can utilize
hardware-based devices. So, the risk of malfunctioning real hardware devices can be avoided. However, the
simulator we designed cannot run in real-time mode. This property will be improved in the next versions.

Acknowledgements:
The authors wish to acknowledge the financial support of Sakarya University entitled BAPK Project No. 2010-50-01-010

References
Smith M. R., Cheng M. (1996) “Use of Virtual (simulated) hardware devices in microprocessor laboratories and tutorials”,
Frontiers in Education Conference, FIE’96, 26th Annual Conference − 1996 − Vol. 3. − Pages 1181–1185.
TOPALOGLU, N. (2002) “The Design and Implementation of PC-Based Functional Microprocessor Simulator”, PhD.
Thesis, Ankara, 2002
Caldwell, C. W., Andrews, D. L., and Scott, S. S. (1995) “A Graphical Microcomputer Simulator for Classroom Use”
Proceedings of the Frontiers in Education Conference, 1995. Proceedings, Vol. 2, Pages: 3b3.9-3b3.12, ISBN:0-7803-3022-6
Giurgiutiu, V., Lyons J, Rocheleau D, Liu, W. (2005) “Mechatronics/ microcontroller education for mechanical engineering
students at the University of South Carolina”, Columbia, Mechatronics, Volume 15, Issue 9, 2005, Pages. 1025–1036.
Reshadi, M.,Mishra, P., Dutt, N., Proceedings of the 40th annual Design Automation Conference, “Instruction Set Compiled
Simulation: A Technique For Fast And Flexible Instruction Set Simulation”, 2003, Pages: 758–763, Anaheim, California,
USA, ISBN:1-58113-688-9
I.Scott MacKenzie, (1995), The 8051 Microcontroller, Prentice Hall

393

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                <text>In this paper, a functional based simulator has been designed to facilitate the  education of the 8051 microcontroller, which is used widely in today's engineering and  educational purposes. In the realization of the simulator, a PC-based program is developed in  a way to make easy to follow the contents of the registers and flags of the running an 8051-  coded assembly program. Another important contribution fulfilled is a toolbox, which can  easily be connected to the ports of the microcontroller using as switch, button, display, etc.  The units in the toolbox can also be connected after compilation period. By the help of this  facility, the simulator can be used as a virtual microcontroller development board. Such  properties simplify to understand the internal architecture of the 8051 microcontrollers for  students and designers.</text>
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                <text>Enterprises that are in the goods and services industry have yielded to relationship marketing in order to gain new but loyal customers in an environment which is getting more and more rivalry, resemblance is more widespread, and in which the demands and the expectancy of the customers change very rapidly. It is understood that the loyal customers can be obtained through relationship marketing.     The purpose of this study, especially in recent years, the importance of the concept of relationship marketing is to describe the scope and applications. In this context literature and the data obtained from study are presented in sections. In this context, group travel agency located in Istanbul, one of 100 managers were interviewed and subjected to analysis of the data obtained results have been achieved.    Keywords: Relationship Marketing, Strategic Customer Management, Travel Agency.  </text>
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                    <text>A HOLISTIC APPROACH TO INNOVATIONS IN TOURISM
Slobodan Ivanović
Faculty of Tourism and Hospitality Management in Opatija
University in Rijeka
Rijeka, Republic of Croatia
sivanov@fthm.hr
Vedran Milojica
Faculty of Tourism and Hospitality Management in Opatija
University in Rijeka
Rijeka, Republic of Croatia
vedran.milojica@gmail.com
Vasja Roblek
Fizioterapevtika College
Medvode, Republic of Slovenia
vasja.roblek@gmail.com
Abstract: This paper is focused on the importance and influence of the innovations
in the time of the fourth industry revolution for the creation of value added in tourism
industry. Innovative technology solutions solve problems in a tourist destination, as in
the case of the effects of climate change as well as the revival of cultural heritage.
New products that are connected with the Internet (e.g. Internet of things) and digital
solution services invites small and medium sized firms, and other relevant actors, to
apply for funding of co-operative tourism innovation projects. The proposals should
primarily focus on the development of innovative products, services and concepts to
accelerate the tourism sector. Innovative products and services form the framework of
marketing efforts to encourage consumers to decide for the purchase and thus affect
the sales success of tourist firms. Innovations that are intended to satisfy the wishes
and needs of consumers, based on existing knowledge. Usually it is a technological
innovation with features that provide additional solutions compared with the existing
ones. Firms want to attract customers who have different needs from the existing
customers. The contribution of the paper is mainly conceptual. With the development
of the digital innovations (web 2.0., web 3.0., internet, the internet of things) that is
central to the new industrial revolution, has led to “Industry 4.0” in tourism. The aim of
this paper is to provide answers to RQ1: To present the known theory and practices of
innovations in tourism; RQ2: To investigate the changes that will result from Industry 4.0
in tourism.
Keywords: innovations, tourism industry, industry revolution 4.0, digital technologies,
internet
JEL Classification: O33, Z33
1.

Introduction

The paper deals with the questions about the investments policies in the field of hospitality
and indirectly tourism. First, it is necessary to explain the relation between tourism and
the hospitality industry. Distinction between hospitality and tourism can be discussed
with quantitative (the capacity of each hotel) and qualitative terms (standard of
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�International Conference on Economic and Social Studies (ICESoS’16)
arrangements, the diversity of services and products, additional services). Hospitality
industry is a field within the service industry, and represents the economic benefit for
tourism. It is connected to the environment and people traveling. Mass movements
of people represent the importance of tourism. In the process of traveling tourists
fulfil their needs through the use of hospitality. Thus, it can be said that the hospitality
infrastructure represents a precondition for tourism. Thus, the economic effects of
tourism reflect through the hospitality industry where technological innovations play a
significant role in the creation of the value-added (Ivanović, 2012).
In a global and highly competitive tourism environment runs a tough battle for the
favour of the customers and their purchasing power. Hospitality industry needs to
ensure its strategic positioning. It is recommended that the hospitality companies
grow on the basis of sustainable policies that include economical sustainable growth
as well as organic and social perspective. Managers of hospitality companies must
therefore be aware of the importance of managing growth, that must be sustainable
(viable) and it should not fall into the trap of unsustainable growth (Bertoncelj et al.
2016). Sustainable growth rates are in fact those where companies provide long-term
sustainable simultaneous growth in revenue, profits and returns.
Companies that operate under healthy corporate philosophy, follow the mission of
creating sustainable value creation. They build their own sustainable development,
balanced with the pressures of internal and external environment, mainly in core
activities. Finding and creating opportunities for sustainable growth and corporate
profitability are at the heart of reflections of every (pro) active management. Many
companies do not create value for shareholders and stakeholders, often due to lack of
emphasis on basic, core activities of businesses or inadequate diversification (Dominici
and Roblek, 2016).
Business growth is derived from the fundamental bonding companies and should be
planned and properly managed. The company must have a strategic business plan
for sustainable growth, which is an excellent communication tool for the management
of change at all levels of management. Under the concept of diversification, it is
understood as a growth strategy while introducing new products or services and
/ or operating in new markets (Lockyer, 2013). Well-used potential of basic and
supplementary activities creates market power in the strategic position they can form
the basis for expansion into other products/services and geographical areas (Hollensen
and Opresnik, 2015).
For the hospitality companies present the key growth projects that are related in
creating a new (added) value. Hospitality companies can achieve new value with
the transformation of potentials and expertise in institutional skills, by integrating the
customer into the business processes, new patents, increased brand awareness,
advanced information solutions, using all the available information and strategic
alliances, which in the long term increase the yield of the company (Chathoth et al,
2013; FitzPatrick et al., 2013).
First, the hospitality companies shall consider and use their development as a way of
internal growth (Murphy, 2013). Its intensity depends on the breadth and quality of the
business program offered by the market, organizational structures and processes as a
whole and managerial competence of the management team. The companies should
be focused on their core business, which is due to rapid technological developments
and the rapidly changing needs of customers at all times under severe competitive
pressures (Mowforth, and Munt, 2015; Tarí, Heras-Saizarbitoria and Dick, 2014).
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�Regional Economic Development: Entrepreneurship and Innovation
In the modern operating systems where people are the key creators and performers,
the evolutionary laws are valid, independently of the degree of automation and
computerization (Pfeffer and Sutton, 2013). Irrespectively of the forms of business
systems, we encourage thinking about new opportunities towards the sustainable
development of companies (Epstein and Buhovac 2014; Senge, 2014). Old paradigms
and patterns of behaviour that were effective in the previous system are no longer
appropriate.
Source of creating new value in the situation of the “innovation” economy becomes
creativity, leverage for the creation of the winning factors in the market innovation and
intuition (Kuula, Putkiranta and Toivanen, 2012). Developing skills, professional attitude
towards work and conquest of modern Information and Communication Technologies
(ICT) have become a stable basis for creativity and innovation processes as a way of
increasing efficiency and effectiveness (Bisson, Stephenson and Vigurie, 2010; Kaplan
and Mikes, 2012).
The innovative environments are a challenge of our time, leaders are increasingly
concerned about the working environment and rules and less for the processes
(Roblek et al., 2013). Only the effective use of intellectual resources allows continuous
improvements. Therefore, the behaviour of business systems at all levels of leadership,
management and implementation of changes to what is necessary to provide
creative employees who are involved in the processes of strategic thinking and are
able to compare values creativity and innovation. (Botha, Kourie and Snyman, 2014;
North and Kumta, 2014). A human thus becomes the most important resource that
must be managed effectively.
A characteristic of the present time is the innovation entrepreneurship, based on
research and development, deregulation, increased funding with venture capital
and international protection of intellectual property (Gummesson, 2014).
Innovation is a key lever for the emergence of economic trends and the impact on
the dynamics of business cycles (Schumpeter, 1939). The ratio between the innovation
and dynamism of economic development is known as a period of the long wave
(Mensch, 1979; Freeman, 1984; Tylecote, 1992: Perez, 2002).
This period is characterized by profitable investments in research and development,
which is the main part of the commercial success of the product. Keynes (Lawlor
and Keynes, 2006) and Schumpeter agree that the decision to invest in economic
patterns plays a key role. Keynes and his adherents emphasize in particular the role
of investment as one of the most dynamic and volatile components of aggregate
demand. Schumpeter and his followers believe that the nature of the investment is
as important as the creation of economic trends. Freeman Schumpeter’s economic
theory was developed on the argument that the adverse economic environments due
to lower margins and general pessimistic atmosphere investments decreased, while
economic expansion offers opportunities for the development of new technological
breakthroughs. Economic innovation system includes the critical factors, such as social
capital and innovation as well as reverse innovation vice versa the globalization.
Innovative products and services framework of marketing is trying to encourage
consumers to opt for the purchase and thus effect on the sales success of companies.
Innovation is intended to ensure that the wishes and needs of consumers are based
on the existing knowledge.
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�International Conference on Economic and Social Studies (ICESoS’16)
Usually it is going for the technological innovation with features that provide additional
solutions compared with the existing ones. Companies want to acquire customers who
have different needs from the existing or additional customers.
2. Innovativeness of Entrepreneurship Sector in Eastern European countries
Saving and decrease of government investment in research and development,
education systems and infrastructure are leading to the deterioration of the national
innovation system, and the final result is the reduction of economic growth. In micro and
small enterprises, the success of innovation activities depends largely on innovation
strategies, free cash flow, the development phase of business and relationship
management to innovation (Bertoncelj et al., 2016).
Following, table 1 and figure 1 presents six innovativeness indexes (scored from 1 to 7);
these form the 12th pillar named Innovation in the The Global Competitiveness Report
2015–2016.
Table 1: Innovativeness indexes for nine South European countries
AL

BIH

BG

CRO

MK

MNE

RO

SRB

SLO

Capacity for
innovation

3.6

3.0

3.8

3.3

3.6

3.7

4.0

3.1

4.4

Quality of scientific
research institutions

2.3

3.1

3.7

4.0

3.8

3.9

3.7

3.8

4.8

Company spending on
R&amp;D

2.9

2.5

3.1

3.1

3.1

3.3

2.9

2.4

3.7

University-industry
collaboration in R&amp;D

2.3

4.3

3.0

3.4

3.9

3.7

3.6

3.2

4.0

Government
procurement of
advanced tech
products

3.8

2.4

3.1

2.7

3.2

3.9

2.9

2.8

2.7

Availability of scientists
and engineers

3.2

3.1

3.7

3.9

4.0

3.8

4.1

3.8

4.1

Source: The Global Competiveness Report 2015 – 2016 (2015).
Table 1, figure 1 as well as the information from The Global Competitiveness Report
2015–2016 (2015) show that Albania, Bosnia and Herzegovina, Bulgaria, Macedonia,
Montenegro and Serbia are efficiency driven. Croatia and Romania are in transition
from the efficiency driven into innovation driven. Slovenia is the only country in the
region that is innovation driven.

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�Regional Economic Development: Entrepreneurship and Innovation
Figure 1: Innovativeness indexes for nine South European countries

Source: The Global Competiveness Report 2015 – 2016 (2015).
Figure 2 presents the most problematic factors that influence on development of a
more innovative business environment in all nine countries. Respondents were asked
to select from the list of factors five most problematic ones for doing business in their
country and to rank them between 1 (most problematic) and 5 (the least problematic).
The score corresponds to the responses weighted according to their rankings (The
Global Competiveness Report 2015–2016, 2015).
Figure 2: The most problematic factors for innovative environment development by
the country

Source: Authors´ analysis according to data available from The Global Competiveness
Report 2015 – 2016 (2015)
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From the Pareto diagram (figure 3) it can be estimated which factors influence the
most on development of a more innovative business environment in all nine countries.
Figure 3: The most problematic factors for innovative environment development

Source: Authors´ analysis according to data available from The Global Competiveness
Report 2015 – 2016 (2015).
It is visible from figure 3 that higher tax rates, complexity of a tax regulation, access
to finance, endemic corruption and inefficient government bureaucracy contribute
mostly to all nine countries poor business environment. All countries need to continue
with the implementation of structural reforms. Governments have to increase the
flexibility of their labour markets, develop the financial sector, and reduce red tape,
which is reported as one of the most problematic factors for developing the business
environment in South European Region (The Global Competiveness Report 2015 –
2016, 2015).
3. The paradigms of the Innovations in Tourism and Hospitality Industry
In the 21st century innovation represents one of the key factors in ensuring competitive
advantages in the field of tourism and hospitality industry. Only through innovative
solutions tourism will continue to contribute to further sustainable regional development,
which is reflected in the performance multiplier effect from tourism related industries
(Haxton, 2015; Sloan, Legrand, and Chen, 2013). For tourism it is important that it is closely
related to a number of other sectors and thus can generate positive externalities.
Tourism development requires moderate investment and has quick and immediate
impact on regional economic growth especially in less developed regions
(Seckelmann, 2002). Tourism tends to distribute development away from the industrial
centres and towards undeveloped regions (Williams and Shaw, 1991). Less developed
or rural regions have more intrinsic motivation to adjust the industrial structure: wider
productivity disparities between industries and relatively low industrial switching cost
(Alkier, Milojica and Roblek, 2015).
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�Regional Economic Development: Entrepreneurship and Innovation
All nine south European countries are influenced by different sociological, cultural,
political and economic characteristics. Their economies were influenced by the socialist
economic system from 1945 to 1990. The former socialist economy in its economic
doctrine was not aware of the concept of innovation. The consequences of socialist
economy are still visible in a high level of centralisation, lack of proper regional policies
and institutions and top-down planning approach employed for a long period (Alkier,
Milojica and Roblek, 2015).
The tourism sector provides countless development opportunities for lower and middle
income south European countries and has a significant positive impact on their GDP
and national economies (table 2). The data in table 2 show that investments in tourism
are an important factor for the economic growth. Countries with higher level of
investment in 2014 (Croatia, Montenegro and Slovenia) have the highest GDP total
contribution of tourism.
Table 2: Key facts about the importance of tourism for regional development comparison of the nine south European countries

Country

GDP direct
contribution
%

GDP total
contribution %

Employment:
direct
contribution %

Employment
total
contribution %

Visitors exports
%

Investment %

2014

2025

2014

2025

2014

2025

2014

2025

2014

2025

2014

2025

AL

5.9

6.2

21

21.8

5.3

5.8

19.2

20.4

30.4

24.2

4.3

4.5

BIH

2.5

3.0

9.3

11.0

3.0

3.8

10.7

13.1

13.0

13.2

4.7

6.6

BG

3.7

3.9

13.1

12.9

3.4

4.3

12.1

12.9

12.3

9.6

6.1

5.8

CRO

12.5

16.8

28.3

36.2

13.6

16.3

30.2

35.3

43.7

48.3

10.2

10.4

MK

1.4

1.4

5.2

5.7

1.3

1.4

4.7

5.2

5.6

4.2

2.2

2.6

MNE

9.5

14.8

20.0

31.9

8.6

13.4

18.5

29.6

54.3

51.6

30.1

53.2

RO

1.6

1.6

4.8

5.1

2.4

2.5

5.5

5.9

2.5

2.6

7.3

7.6

SRB

2.1

5.2

6.1

7.2

2.6

3.2

6.4

7.5

6.5

7.0

4.4

4.2

SLO

3.5

3.8

12.7

13.8

3.9

4.5

13.0

14.6

8.0

8.8

9.4

10.0

Europe

3.4

3.6

9.2

9.8

3.6

4.1

9.0

9.9

5.6

5.8

4.7

5.0

World

3.1

3.3

9.8

10.5

3.6

3.9

9.4

10.7

5.7

5.6

4.3

4.9

Source: Travel &amp; Tourism: Economic impact 2015 (editions: Albania, BIH, Bulgaria,
Croatia, Macedonia, Montenegro, Romania, Serbia, Slovenia).
The analysis of statistical data in table 2 indicates that for all nine countries tourism and
travel industry represents an important segment of the economy. All countries have
undergone a transition from socialism to a market economy system at the end of the
20th and in the beginning of the 21st century, after which tourism companies slowly
started to reposition themselves. All nine countries are registering an increase in the
number of international tourism arrivals and the total contribution of tourism industry
to the GDP. According to these positive results, it can be agreed that all destinations
have been effective in attracting tourists, but they fail to improve their competitiveness
and therefore better transformation of tourism opportunities into economic benefits.

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Innovation in the tourism sector includes the introduction of advanced technological
solutions with a view to the implementation and promotion of tourism products and
services. These solutions are used throughout the tourism sector, which covers the
transportation, mobility, cultural heritage, hotels and other hospitality suppliers and
promotion of destinations (Pechlaner and Innerhofer, 2016).
It should be noted that the development of innovation in the field of tourism should
arise from perception of innovation, which has to strain the corporate sector and
government regulation, which should be aimed at promoting innovation environments,
tax exemptions and financial incentives (Kahn and Kawasaki, 2014).
Innovative solutions in the field of tourism include the creation or improvement
of existing conceptual solutions in the areas of transport, hotel and other services,
the development of new destinations, the use of Information and Communication
Technologies, new forms of management and organizational activities (strategic
alliances and networking and the development of tourism businesses) (Iordache, 2015).
Inter-regional spill over effects occur through various channels such as technology,
knowledge, investment, human capital and competition (Yang and Fik, 2014). Tourism
may also generate demand-side spill overs (Yang and Wong, 2012). It should be noted
that government policy is important in channelling spill over effect.
Innovations in tourism and hospitality can be divided with regard to the structure of
investment (figure 2) and innovations that enable sustainable growth or classified as (i)
technological or non-technological innovations, (ii) product or process innovation, (iv)
organizational or market innovation, or “ad hoc” innovation (nature of the innovation),
(v) radical, incremental or architectural innovation (innovation and intensity of
discontinuity).
Figure 3: Innovations in tourism and hospitality industry according
to the nature of assets

Source: Authors´ analysis
The following chapters are focused on the importance of the development of
information and communication technology solutions and influence of the innovations
on the value added model in tourism and hospitality industry.

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�Regional Economic Development: Entrepreneurship and Innovation
4. Characteristics of the Entrepreneurial Investments in Innovativeness of Information
and Communication Technologies in Tourism and Hospitality
The development of the Information and Communication Technologies (ICT) in the
second decade of the 21st century has enabled the creation of strong mutually
cooperating web communities, which are peers sharing digital products and
information.
The growth of small technology companies is extremely important for youth
employment and development of the environment, so young technology companies
are developing digital platforms and software and technological solutions that have a
significant impact on changes in the marketing chain in tourism and hospitality industry.
However, it is necessary to be aware that the rate of development of technological
solutions depends on the development of both entrepreneurial culture and information
society in each country. Table 3 presents the estimated ability of technological
readiness of each analyzed country.
Table 3: Technological readiness
Factors of the
technological readiness

AL

BIH

BG

CRO

MK

MNE

RO

SRB

SLO

Availability of latest
technologies

3.9

4.2

4.6

5.0

5.0

4.6

4.6

4.9

5.5

Firm-level technology
absorption

4.1

4.4

4,4

4.6

4.2

4.4

4.4

4.7

4.9

FDI and technology
transfer

4.5

3.3

4,4

3.8

4.4

4.0

4.7

4.2

4.1

Individuals using Internet %

60.1

60.8

55.5

68.6

68.1

61.0

54.1

54.3

71.6

Fixed-broadband Internet
subscriptions/100 pop.

6.6

14.1

20,7

23.0

16.2

15.2

18.5

12.7

26.6

Int’l Internet bandwidth,
kb/s per user

26.1

43.0

138.3

58.0

41.8

77.0

153.8

28.9

121.1

Mobile-broadband
subscriptions/100 pop.

30.9

27.8

66.4

68.5

47.7

31.0

49.4

12.7

46.7

Source: The Global Competiveness Report 2015 – 2016 (2015).
Gaps are wide on technological readiness, with the Slovenian outperforming followed
by Croatia and Romania in ICT adoption and innovation, with less promising trends in
Albania and Bosnia and Herzegovina (table 3).
To achieve new technological solutions and consequently regional tourism
development, governments of all nine countries should prepare concept of economy
development according to the German phenomenon Industry 4.0., which is based
on the implementation in industry, the human environment and scientific research.
For all nine countries it is important that the German government stimulates the
political-economic initiative to help industrial manufacturing keep its competitive
edge against the labor-cost advantages of developing countries and resurgence
in U.S. manufacturing (Weber, 2015). The European Union has therefore decided to
encourage research into the field of smart technologies. The research program Horizon
2020 offers funding programs for research and development projects such as smart
cities and communities’ information, strategic roles of smart cities for tackling energy
and mobility challenges, analyzing the potential for wide-scale roll-out of integrated
smart cities and communities’ solutions, etc., (European Commission, 2015). The role
of Industry 4.0 in tourism and hospitality is increasing competitiveness through smart
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�International Conference on Economic and Social Studies (ICESoS’16)
equipment, making use of information about customer characteristics, resources,
energetic efficiency and urban production – smart destinations/smart cities (Hecks
and Rogers, 2014).
5. Influence of Innovations on the Value Added Model in Tourism and Hospitality
Industry
ICT innovation factors are changing customer behavior and the traditionally structured
tourism supply chain, which is now forced to adopt a comprehensive infrastructure
based on a more flexible organizational structure in order to implement on-demand
marketing and technological innovations.
Information technology is becoming an important factor in companies’ business
models. With platforms like Airbnb the information technologies are competing with
the hotel industry. Hotel managers need to be aware of the influence of ICT, including
social media platforms that create opportunities for improvement of the entire value
chain of the hospitality industry. New technologies create value added in terms of
financial benefits and intangible assets such as improved networking, communication
and customer services.
ICT innovations have to enable connection between a customer and a service provider.
The process begins with customer expectations about the technology abilities that
influenced on customer satisfaction which is reflected in customer retention (Roblek,
2015).
In regard to Industry 4.0, one cannot be thinking only about robotics and the
automation of production, because it is a digitization of business processes as a whole;
it involves the adoption of a contract over the procurement of materials and how
the product “gets” through production and is finally delivered to the customer. In this
area, we expect automating processes that will require a certain automaticity of the
workers. People will still have to use their brains. Added value will be found in new
products and new solutions - handling figures are not productive work (Kane et al.,
2015; Schlechtendahl et al., 2015). Kagermann (2014) defined the Internet of Things
and the Internet of service as parts of the manufacturing process that has ignited
the fourth industrial revolution. The IoT includes “things” and “objects” like RadioFrequency Identification (RFID), sensors that will send storage, processing and analysis
information, and smart phones which interact with each other and cooperate with
smart components (Dutton, 2014).
What can be done for regional technological entrepreneurship development and
consequently for the tourism development is shown in the figure 4, which presents the
innovation of a sensor in traveler’s luggage by using the Barcet model that reflects
a more synthetic vision of innovation for tourism and regional development (Barcet,
1996).

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�Regional Economic Development: Entrepreneurship and Innovation
Figure 4: Barcet innovation model for a sensor in traveller’s luggage

Source: Authors´ adaptation of the Barcet model (1996)
Figure 4 shows the present (and future) importance of new technologies in enabling for
tourism and hospitality industry to meet new tourist demand. RFID-chips will replace bar
codes, and will play a large part in the upcoming wave of technology implementation
at airports, and other service providers in the tourism industry. The present model
is suitable for the tourism industry and includes all steps of organizational changes
because all objects can be potentially connected and networked. This mode is
coming to the step that “smartness economy” is going to change the way of creating
value added (steps from 2 to 4 in the figure 4). The sources of services are changing,
but all service process is accessible via the internet.
One of the most important roles of the IoT is changing the environment and launching
new strategic choices. It is going for a new expression of the relations between customers
and producers. The relation will include also the manufacturer of the product (e.g.
chip) and multiple partners who will ensure the development of built-in components
and software. This cooperation is influencing the rebuilding of the knowledge value
chain (Porter and Heppelmann, 2014).
On the demand side customers will increase their awareness in regard to the
importance of the quality and reliability of the acquired and given information and
technical condition of the products and services. This will affect the accumulation
and analysis of information in real time and consequently influence coming guidelines
of value creation for the customers. It is opening a question of how will the customers
adapt the new IoT and control over their private life? (Roblek, Štok and Meško, 2016).
6. Discussion and conclusion
The growing interest in development of the ICT and an increasing number of
organizations which develop and adopt the new ICT into their business leads to the
value added of society as a whole. The main challenge in an innovative country
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�International Conference on Economic and Social Studies (ICESoS’16)
towards the transition countries is equitable economic growth which is not being
understood as an innovation only from an economic, but also from a social and
environmental dimension. Countries and tourist organizations should be aware that
only the investment in new innovative concepts or institutional, governance and
organizational innovation are increasingly regarded as the markets and societies that
move towards societal progress.
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�</text>
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                <text>A HOLISTIC APPROACH TO INNOVATIONS IN TOURISM</text>
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Milojica, Vedran
Roblek, Vasja</text>
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                <text>Abstract: This paper is focused on the importance and influence of the innovations  in the time of the fourth industry revolution for the creation of value added in tourism  industry. Innovative technology solutions solve problems in a tourist destination, as in  the case of the effects of climate change as well as the revival of cultural heritage.  New products that are connected with the Internet (e.g. Internet of things) and digital  solution services invites small and medium sized firms, and other relevant actors, to  apply for funding of co-operative tourism innovation projects. The proposals should  primarily focus on the development of innovative products, services and concepts to  accelerate the tourism sector. Innovative products and services form the framework of  marketing efforts to encourage consumers to decide for the purchase and thus affect  the sales success of tourist firms. Innovations that are intended to satisfy the wishes  and needs of consumers, based on existing knowledge. Usually it is a technological  innovation with features that provide additional solutions compared with the existing  ones. Firms want to attract customers who have different needs from the existing  customers. The contribution of the paper is mainly conceptual. With the development  of the digital innovations (web 2.0., web 3.0., internet, the internet of things) that is  central to the new industrial revolution, has led to “Industry 4.0” in tourism. The aim of  this paper is to provide answers to RQ1: To present the known theory and practices of  innovations in tourism; RQ2: To investigate the changes that will result from Industry 4.0  in tourism.</text>
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                    <text>3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

Međedovic E., Saračević M., Bisevac E., Mašović S., Kamberovic H.(2011), System
Infrastructure for E-Learning on University of Novi Pazar, 10th International Scientific Professional Symposium INFOTEH-JAHORINA.
Saračević M., Međedović E., Mašović S., Selimović F., Kamberović H. (2011), Application
learning content management systems, virtual classroom and m-learning in enterprises, ICT
for SME2011 - Information and Communication Technologies for Small and Medium
Enterprises, ISBN 978-86-7672-140-5, Technical Faculty "Mihajlo Pupin", University of
Novi Sad.
Saračević M., Međedović E., Mašović S., Selimović F., Kamberović H. (2011), Sistemi za
upravljanje sadržajem učenja kao podrška zaposlenim u preduzećima,
9. Međunarodna
naučno-stručna konferencija - Na putu ka dobu znanja, Fakultet za menadžment, UDC005.94, ISBN978-86-85067-31-0, COBISS.SR-ID: 266277895, Novi Sad.
Saračević M., Mašović S., Selimović F., Novalić F. (2011), Unapređenje informisanosti,
komunikacije i obrazovanja zaposlenih u agrobiznis sektoru i način realizacije primenom
LCMS-a, Naučna konferencija - Agrobiznis2011, u okviru projekta “Bolja saradnja za bolju
budućnost“, Univerzitet u Novom Pazaru.

A Hybrid Digital Video Watermarking Method Based on DCT and DWT
Haldun Sarnel, Kadir Ünal
Dokuz Eylül University, Department of Electrical and Electronic Engineering, İzmir, Turkey
E-mail: haldun.sarnel@deu.edu.tr, kadirunal1985@yahoo.com
Abstract
Digital video watermarking is one of the solutions for copyright protection of digital
multimedia data and draws great attention of both researchers and digital video owners. In
this work, a new hybrid digital video watermarking method which uses the discrete cosine
transform (DCT) and discrete wavelet transform (DWT) is proposed. Each frame is processed
with one of the DCT and DWT methods or a combination of them, half of a frame by the
DCT method and the other half by the DWT method. Selection of the watermarking for each
frame in the video is determined randomly. The proposed method has undergone several
attacks in order to check its robustness and compare to the DCT and DWT methods. The
proposed hybrid method including a watermarking diversity throughout the video improves
robustness against attacks.
328

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

Keywords: Digital video watermarking, discrete cosine transform (DCT), discrete wavelet
transform (DWT), copyright protection.
1. INTRODUCTION
Production and distribution of digital multimedia data have become much easier with the
rapid growth of the internet and other digital technologies, and consequently they can reach a
large number of people in a short time. On the other hand, this introduces copyright
protection problem for the digital multimedia data with a legal owner. To prove the copyright
of digital data, some methods must be applied on the original digital data whatever it is text,
audio, image or video. Digital watermarking methods have been proposed for solving
copyright protection problems (Cox et al. 2002). A secret message what is called a watermark
is embedded to a digital data with a secret key. This process is called digital watermarking.
The watermark can be a random number sequence, copyright messages, ownership
identifiers, binary or gray level images, or other digital data formats. A digital watermarking
method provides the copyright owner with proving his/her ownership by extracting and
revealing the embedded watermark from the digital data in the case of an illegal usage of the
digital data. The original digital data after watermarking can be distributed in a medium and
may receive some manipulations and attacks, intentionally, or unintentionally, so as to
degrade the watermark to disappear. Ideally, the watermark must remain intact, or safely
extractable after the digital data has undergone some attacks to be able to prove the
ownership.
Image and video watermarking methods can be classified in two groups, spatial domain and
frequency domain methods. Spatial domain methods are based on modification of pixels
values in embedding stage of the watermarking. These methods are very simple and have low
computational cost, but are vulnerable to attacks and watermark can be easily distorted.
Frequency domain methods are based on modification of frequency coefficients. The original
content is transformed to frequency domain and coefficients in frequency domain are used to
embed and recover the watermark. The most common transforms are the discrete cosine
transform (Cox et al. 1997, Busch et al. 1999) and the discrete wavelet transform (Xia et al.
1997, Kundur and Hatzinakos 1998). The frequency domain methods are more robust and
have more computational complexity. Hartung and Girod (1999) described a method of
watermarking into both compressed and uncompressed MPEG-2 videos by modifying
selected DCT coefficients. Langelaar and Lagendijk (2001) proposed a watermarking method
that divides the video into groups of blocks and further divides the blocks into groups. A
single watermark bit is embedded into selected DCT coefficients based on their energies
within the groups. Chetan and Raghavendra (2010) proposed a DWT-based video
watermarking scheme that embeds different parts of a single watermark into different scenes
of a video after detecting scene changes.

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In this work, a new hybrid digital video watermarking method which uses the discrete cosine
transform (DCT) and discrete wavelet transform (DWT) is proposed. The watermark is
divided to sub pieces and these pieces are embedded to frames. Each frame is processed with
one of the DCT and DWT methods or a combination of them, half of a frame by the DCT
method and the other half by the DWT method. The proposed hybrid method has undergone
several attacks in order to check its robustness and compare to the DCT and DWT methods.
2. TRANSFORM –BASED DIGITAL VIDEO WATERMARKING
2.1 DCT-based Watermarking
The DCT coefficients D(u, v) of a N x N block p( x, y) in an image are computed as follows.
D(u, v)  C (u )C (v)

N 1 N 1

 (2 x  1)u   (2 y  1)v 
 cos

2N
2N
 


 p( x, y) cos
x 0 y 0

C (u ) 

1
N

for u  0,

C (u ) 

2
N

(1)

for u  1,2, , N  1

The frequency bands of an 8x8 DCT block are shown in Figure 1. The top-left is the zerofrequency component. The lowest frequency band FL and the highest frequency band FH are
not changed. A watermark bit is embedded in the highlighted medium frequency band FM by
modifying its coefficients.
In the DCT-based video watermarking, a frame is divided to 8x8 non-overlapping blocks. A
watermark is embedded to video frames piece by piece. A watermark of size L bits is divided
into m pieces. Since L/m bits has to be embedded in a frame, a subset of L/m block locations
are selected randomly using a secret key. Always this subset is used to embed a watermark
piece Wi into every frame. In recovering stage, the same secret key is utilized to locate those
watermarked blocks. A watermark piece is selected randomly to embed it into the current
frame. Every block in the subset is DCT transformed and its 22 medium frequency band
coefficients are determined. Two uncorrelated pseudo random sequences, R0 and R1, of
length 22 are generated to represent watermark data bits 0 and 1. A single bit is embedded to
one of the blocks with coefficients D(u,v) in the subset by
D(u, v)  aRk (u, v),
DW (u, v)  
D(u, v),

u, v  FM 

u, v  FM 

(2)

where DW is coefficients of watermarked block and a is a strength constant. The balance
between robustness and visibility of watermarking is adjusted by a. The watermarked block is
then back-transformed to spatial domain by taking its inverse DCT.

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Figure 1: DCT frequency bands

LL1

LH1

HL1

HH1

Figure 2: Frequency bands of 1-level DWT

2.2 DCT-based Watermark Recovery
To recover the embedded watermark piece from each frame, first the watermarked blocks are
determined and then the middle band frequency coefficients in their DCT are obtained. The
pseudo random sequences R0 and R1 are computed and correlated with the middle band
coefficients of each watermarked block. The higher of the two correlation values specifies the
recovered possible watermark data bit. As a result, an array of higher correlation value C(n)
and an array of recovered bits U(n) of the watermark piece are obtained for nth bit after all
watermarked blocks are examined. U(n) is (binary) correlated with each of the real
watermark pieces Wi(n) to identify it. If the maximum correlation value is smaller than a
predefined threshold value Tp, U(n) is ignored assuming a failure of watermark detection in
the current frame. When all frames are processed in this manner, a number of recovered
instances Uij(n), indexed by j, of each watermark piece Wi(n) are obtained and recorded.
Correlation values Cij(n) of all recovered bits are also formed from C(n) of every frame.
2.2.1 Reconstruction of Watermark
We use an algorithm for the reconstruction of watermark pieces Vi(n) from their recovered
instances Uij(n) as follows. Set i=0 and count the numbers of 0 bits and 1 bits for every bit
location n in Uij(n) discarding bits for which Cij(n)&lt; T, a predefined bit correlation threshold
value. Those are assumed as incorrectly recovered bits. Then, Vi(n) is assigned the bit with at
least 70% majority of total count for bit n. If there is no such majority, the bit defaults to 0.
This process is repeated after i is incremented until all watermark pieces are reconstructed.
Finally, the entire watermark can be formed by concatenating all watermark pieces Vi(n)
(i=0,1,2,…,m-1) in correct order.
2.3 DWT-based Watermarking
The basic idea of the DWT is to decompose a frame into a sub-image of different spatial
domain and independent frequency districts. 1-level Haar DWT is used in this study for
simplicity. Figure 2 shows the 1-level DWT of an image by frequency bands. The lower
resolution approximation region LL of an image contains the most important pictorial
information, hence, it is not used for watermark embedding. The frequency regions of LH,
HL and HH represent the horizontal, vertical and diagonal details, respectively, of the image.
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A watermark is embedded to video frames piece by piece as in DCT-based watermarking. In
our study, the same watermark piece is embedded to both LH and HL bands. For each bit of
the watermark, a different pseudo random sequence Rn (n=0,1,2,…,L-1 and R={ R1, R2,…})
with length equal to the length of these bands is generated. After a piece of the watermark is
selected randomly, the sequences in R that represents the bits in that piece only are multiplied
by a strength constant and added to both LH and HL band coefficients of the DWT of the
current frame, in a way similar to that in (2). We embed only watermark bits 0 (black pixels
in the binary watermark image) in the DWT-based method to improve imperceptibility of
watermarking. Finally, the frame is transformed to spatial domain by taking its inverse DWT.
In the recovering stage, every sequence Rn is correlated with LH band coefficients of the 1level DWT of the current frame. Every bit n in the embedded watermark piece is recovered
and stored in an array of U1(n) if C1(n) value of correlation of LH band coefficients with Rn
exceeds a threshold value. Otherwise U1(n) defaults to 0. Then, U1(n) is divided into m
pieces and each piece is correlated with each watermark piece Wi(n) to identify which
watermark piece is embedded in the current frame. If the maximum correlation value is
smaller than a predefined threshold value, U(n) is ignored assuming a failure of watermark
detection in the LH band of the current frame. Otherwise, the piece giving the highest
correlation value is overwritten on U1(n). Similarly, correlation of every Rn with HL band
coefficients of current frame yield U2(n) and C2(n). When all frames are processed in this
manner, a number of recovered instances Uij(n) of each watermark piece Wi(n) and the
correlation values Cij(n) of all those recovered bits can be obtained and recorded. Note that
Uij(n) and Cij(n) contains results obtained from both LH and HL band coefficients. The
algorithm for the reconstruction of watermark pieces Vi(n) from their recovered instances
Uij(n) is the same as explained in Section 2.2.1.
3. THE PROPOSED HYBRID VIDEO WATERMARKING METHOD
3.1 Hybrid Watermarking
In the hybrid method, there are three ways to embed a piece of watermark in the current
frame, using DCT, DWT, and a combination of the DCT-DWT transforms. In embedding
stage, one of the three different watermarking algorithms and a watermark piece for the
current frame are selected randomly. Depending on the selection, the entire frame is
watermarked using the algorithms and parameters given in Section 2.1 (for DCT-based) or in
Section 2.3 (for DWT-based) in the hybrid method. If the random selection comes out to be
the combined method, the frame is divided into two equal halves by a horizontal line. The
watermark piece is embedded to the upper half by the DCT-based algorithm and to the lower
half by the DWT-based algorithm. In this case, the concepts are the same except that the
maximum number of 8x8 DCT blocks and size of frequency regions of DWT in a frame will
be halved. The hybrid method is expected to perform better by exploiting the advantages of
the both transform based methods.
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3.2 Watermark Recovery for Hybrid Method
The watermarked video is used as input for the DCT based, DWT based and combined DCTDWT based watermark recovery modules, individually. Some attacks drop several frames
from watermarked frame or change the order of frames in video. This makes any record of
watermarking history of frames void, hence, all three modules must try to recover watermark
data blindly from each frame. The recovering stages of the DCT based and DWT based
watermarked frames are the same as given in Sections 2.2 and 2.3. If watermark data is to be
recovered using The combined DCT-DWT recovery module applies to the upper half of each
frame the DCT-based recovery algorithm and to the lower half the DWT-based algorithm. In
the upper half frame, the same subset of DCT blocks watermarked by the combined method
is located to recover the watermark bits. The outputs of two full frame independent recovery
algorithms (DCT-based and DWT-based) and two half frame recovery algorithms for each
frame are recorded separately. When all frames are processed 4 individual Uij(n), one from
each recovery algorithm, are merged into one. The same merging applies to Cij(n) too. The
algorithm for the reconstruction of watermark pieces Vi(n) from their hybrid-recovered
instances Uij(n) is the same as explained in Section 2.2.1.
Some attacks can distort the watermark data embedded using one specific frequency domain
transform. In this case, the advantage of the hybrid method appears. If one of the transform
based methods cannot resist to some attacks, the other transform based method may hopefully
resist and recover the lost watermark data from either the same frame or other frames.
4. EXPERIMENTAL RESULTS
4.1 Details of Tests
A digital video with 104 frames of size 640x480 and two different watermark data with
dimensions of 20x20 and 24x24 pixels, respectively, are used in the tests (Figure 3).

(b)

(c)

Figure 3: (a) A frame from the test video, (b) and (c) two watermarks used in the tests.
The test video is also watermarked with the DCT-based and DWT-based methods,
individually, in order to compare their performances to that of the proposed hybrid method.
The tests are performed under 4 different scenarios. The watermark 1 is divided to 2 and 4
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pieces in the scenarios 1 and 2, respectively, and watermark 2 is divided to 2 and 6 pieces in
the scenarios 3 and 4, respectively.
4.2 Results of Simulated Attacks
Noise addition attack adds to the watermarked video two types of noise, salt &amp; pepper’ noise
and Gaussian noise depending on selection. Because a video contains a large amount of
redundancies between frames, frame dropping is an attractive attack to destroy watermark
data. In the tests, the frames of the watermarked videos were dropped up to 70% of the total
number of frames in the test video. The frame averaging attack collects a number of
successive frames and averages them out to generate an output frame. This is repeated at
every frame of watermarked video producing an averaged video. The compression attack is
simulated by compressing the watermarked video using a codec for ‘wmv3’ video format in
MATLAB environment. Median filtering attack smooths images without blurring edges
significantly. Intensity adjustment attack, maps the values in intensity image to new values
such that normalized intensity values less than 0.01 and higher than 0.99 are saturated at 0
and 255, respectively. Contrast enhancement attack applies histogram equalization to every
frame. The normalized correlation value between a reconstructed watermark and an original
watermark is computed and given in Table 1 as a measure of watermark detection robustness
of the tested methods under a given scenario and an attack. Simulation results show that the
hybrid method improves watermark robustness against the tested attacks.
4.3 Imperceptibility and Capacity
Imperceptibility indicates how invisible the watermark is. This requirement has a trade off
relation with two other requirements, robustness and capacity. The imperceptibility of the
watermarked data is measured using peak signal-to-noise ratio (PSNR) between original and
watermarked data. Imperceptibility values of all methods computed from the watermarked
video frames were extremely high (over 80 dB for every frame) so that existence of any
watermark in video could not be visually detected. Capacity is the amount of the data that can
be embedded in a digital data. Increasing the size of watermark data embedded in a video
decreases the visual quality of the video. We can compute the capacity of the DCT based
method only, because in the DWT based method, number of bits to be embedded in a frame
is theoretically infinite. For a given video, capacity of the DCT based method is equal to the
number of blocks with a given size (usually 8) in a frame. The DCT based capacity is 4800
bits/frame for full frame watermarking and 2400 bits/frame for half-frame (i.e., for combined
DCT-DWT based) watermarking.

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Table 1: Performances of the DCT-based, DWT-based and hybrid methods for several
attacks. Given are the normalized correlation values between recovered and original
watermarks.
DCT
Scenario
Attack name
salt &amp; pepper noise density= 0.02
salt &amp; pepper noise density=0.04
Gaussian noise (mild)
frame dropping (70%)
frame averaging over 2 frames
frame averaging over 6 frames
video compression (quality=90)
3x3 median filter
intensity adjustment
contrast enhancement

1
0.98
0.69
0.97
0.99
0.98
0.92
0.87
0.98
0.99
0.99

2
0.98
0.74
0.88
0.98
0.98
0.81
0.70
0.93
0.99
0.99

3
0.97
0.96
0.98
0.97
0.97
0.93
0.86
0.90
0.99
0.98

DWT
Scenario
4
0.91
0.65
0.87
0.87
0.78
0.70
0.72
0.84
0.98
0.98

1
1.00
0.99
1.00
1.00
1.00
0.86
1.00
0.00
1.00
1.00

2
1.00
0.95
1.00
1.00
1.00
0.86
1.00
0.00
1.00
1.00

3
1.00
1.00
1.00
1.00
0.90
0.86
1.00
0.01
1.00
1.00

Hybrid Method
Scenario
4
1.00
1.00
1.00
1.00
0.79
0.58
1.00
0.20
1.00
1.00

1
1.00
0.89
1.00
1.00
1.00
1.00
1.00
0.97
1.00
1.00

2
1.00
0.95
1.00
1.00
0.99
0.99
0.99
0.91
1.00
1.00

3
1.00
1.00
1.00
1.00
1.00
1.00
1.00
0.97
1.00
1.00

4
1.00
1.00
1.00
1.00
1.00
0.95
1.00
0.84
1.00
1.00

5. CONCLUSIONS
In this study, a hybrid digital video watermarking method is proposed. This hybrid method
contains two frequency domain watermarking methods because of their advantages: DCT
based and DWT based methods. Thus, the advantages of the both methods are utilized in the
proposed method. The watermark is divided to sub-pieces and these pieces are embedded to
frames. The hybrid method has better robustness compared to the individual methods it
merges without significant reductions in the capacity and imperceptibility requirements. The
size of a piece of watermark to be embedded into a frame must not be too small. Otherwise
recovery of such small pieces from an attacked video may fail.
REFERENCES
Busch, C., Funk, W. and Wolthusen, S. (1999) Digital Watermarking: From Concepts to
Real-Time Video Applications. IEEE Computer Graphics and Applications, 19, 25-35.
Chetan K.R, and Raghavendra K. (2010) DWT Based Blind Digital Video Watermarking
Scheme for Video Authentication. International Journal of Computer Applications, 4, 19-26.
Cox, I., Kilian, J., Leighton, F. and Shamoon, T. (1997) Secure Spread Spectrum
Watermarking for Multimedia. IEEE Transactions on Image Processing, 6, 1673-1687.
Cox, I., Miller, M. and Bloom, J. (2002) Digital Watermarking, Academic Press, USA
Hartung, F. and Girod, B. (1998). Watermarking of uncompressed and compressed video.
Proceedings Signal Processing, 66, 283–301

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Kundur, D. and Hatzinakos, D. (1998) Digital watermarking using multiresolution wavelet
decomposition. Int. Conf. on Acoustics, Speech and Signal Processing, 2969-2972.
Langelaar, G., and Lagendijk, R. (2001) Optimal differential energy watermarking of dct
encoded images and video. IEEE Transactions on image Processing, 148–158
Xia, X., Boncelet, C., and Arce, G. (1997) A Multiresolution Watermark for Digital Images.
Proc. IEEE Int. Conf. on Image Processing, vol. I, 548-551.
Investigation Of Seismic Performance Of Existing Building Strengthened With Cfrp
Ali Demir1, Hakan Başaran2, Duygu Dönmez Demir3
1Department of Civil Engineering, Celal Bayar University, Manisa, Turkey
2Department of Turgutlu Vocation School, Celal Bayar University, Manisa, Turkey
3Department of Mathematics, Celal Bayar University, Manisa, Turkey
Abstract
In this study, the seismic performance of the Merkez Efendi hospital building was determined
with CFRP strengthening methods according to the Turkish Earthquake Code-2007. Firstly,
the building was considered with the masonry walls and without masonry walls and the effect
of the masonry walls to the performance of the building was investigated. Afterwards, the
building was strengthened with CFRP plates to get the required seismic performance level.
Consequently, the seismic performances of the hospital building were compared for these
three cases.
Keywords: Strengthening, Masonry Wall, CFRP, Seismic Performance
1.INTRODUCTION
Buildings are subjected to earthquake, wind, fire etc. during their lifetimes. Sometimes,
addition of a story and change in the purpose of using occur. For these reasons, the
performances of the buildings should be investigated according to the present earthquake
codes of the countries. If the performance of the building is insufficient, it must be
rehabilitated. The Turkish Earthquake Code-2007 (TEC-2007) gives alternative rehabilitation
methods. One should choose the most suitable method for buildings. Chapter 7 of TEC-2007
entitled “Assessment and Strengthening of Existing Buildings” and sets standards for
336

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                <text>Digital video watermarking is one of the solutions for copyright protection of digital  multimedia data and draws great attention of both researchers and digital video owners. In  this work, a new hybrid digital video watermarking method which uses the discrete cosine  transform (DCT) and discrete wavelet transform (DWT) is proposed. Each frame is processed  with one of the DCT and DWT methods or a combination of them, half of a frame by the  DCT method and the other half by the DWT method. Selection of the watermarking for each  frame in the video is determined randomly. The proposed method has undergone several  attacks in order to check its robustness and compare to the DCT and DWT methods. The  proposed hybrid method including a watermarking diversity throughout the video improves  robustness against attacks.Keywords: Digital video watermarking, discrete cosine transform (DCT), discrete wavelet  transform (DWT), copyright protection.</text>
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                    <text>2nd International Symposium on Sustainable Development, June 8-9, 2010 Sarajevo

A Key Concept in Effective School Development: Strategic Leadership
S.Sule Ercetin
Hacettepe University, Ankara
ssule@superonline.com
Ilknur Calıskan Maya
Canakkale Onsekiz Mart University, Canakkale
mayailknur@gmail.com
Abstract: Effective school development is a project which links school
effectiveness and school development. Research studies have shown that
obtaining positive results in effective school development depends on the
school’s strategy creation capacity (Leithwood, &amp; Hopkins, 2006).
Considering the fact that 21st century is uncertainty, risks and chaos; it will
be undertood better how important it is to develop strategies and for the
administration to undertake leadership roles. Therefore, it might be said that
the leadership required by the organisations of the third millenium is
strategic leadership. This current research aims at handling the dynamics of
effective school development within the framework of strategic leadership
and thus evaluating and analysing them.

Introduction
Effective school development is a project which links school effectiveness and school development.
The project, which contributes positively to students’ achievement, was implemented in the 1988-2001 period;
and many EU countries such as Belgium, England, Finland, Greece, Italy, the Netherlands, Portugal and Spain
participated in the project (Reezigt &amp; Creemers, 2005). Afterwards, similarities and differences between
countries in terms of effective school development were discussed and comparisons were made. Because of the
major differences between countries, especially in their educational context, it was virtually impossible to draw a
general model that would act as an explanation of success or failure of improvement efforts and be applicable in
all ESI (Effective School Improvement) countries.
Research studies have shown that obtaining positive results in effective school development depends
on the school’s strategy creation capacity (Leithwood, &amp; Hopkins, 2006). Considering the fact that 21st century
is uncertainty, risks and chaos; it will be undertood better how important it is to develop strategies and for the
administration to undertake leadership roles. Therefore, it might be said that the leadership required by the
organisations of the third millenium is strategic leadership.
Purpose of The Study
This current research aims at handling the dynamics of effective school development within the
framework of strategic leadership and thus evaluating and analysing them.
Effective School Development
Effective school development is a project which links school effectiveness and school development.
The project, which contributes positively to students’ achievement, was implemented in the 1988-2001 period;
and many EU countries such as Belgium, England, Finland, Greece, Italy, the Netherlands, Portugal and Spain
participated in the project (Reezigt &amp; Creemers, 2005). Afterwards, similarities and differences between
countries in terms of effective school development were discussed and comparisons were made. Because of the
major differences between countries, especially in their educational context, it was virtually impossible to draw a
general model that would act as an explanation of success or failure of improvement efforts and be applicable in
all ESI (Effective School Improvement) countries.
The framework shows that the concept of an improving school is firmly embedded in the educational
context of a country. School improvement can never be studied seperately from that educational context. The

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�2nd International Symposium on Sustainable Development, June 8-9, 2010 Sarajevo
improving school is always confronted with contextual concepts such as pressure to improve, resources for
improvement, and educational goals (Reezigt &amp; Creemers, 2005):
1.Pressure To Đmprove: Ideally, schools (as organizational units) define their own improvement needs, design
their improvement efforts, and evaluate them as to whether those needs have been met. Theories about schools as
learning organizations often depict this kind of improvement (i.e learning). In practice, however, schools often
need some form of external pressure to start improving. The research identified four factors which constitute
pressure to improve: market mechanisms, external evaluation and accountability, external agents and the
participation of society in education and societal changes.
2. Resources Support For Đmprovement: In order to make school improvement effective, the resources made
available by the educational context are very important. Without these, schools are likely to experience
difficulties in their improvement efforts. Resources can be material, but there are also other resources that may
be essential for effective school improvement. The identified factors that together constitute the concept of
resources are: autonomy granted to schools, financial resources and favourable daily working conditions for
teachers and schools, and local support.
3. Educational Goals: Although schools tend to set specific goals for improvement, the context generally sets
the wider educational goals and all improvement efforts have to fit within these. For some countries, these
nationally set goals form a broad framework, whereas others they are detailed and prescriptive.
Effective School Improvement Process
Hargreaves &amp; Hopkins (1991), outline a five-staged improvement process: getting started, conducting
an audit of the schools strengths and weaknesses, setting priorities and targets, implementation or putting the
plans in place, and evaluating the success of the plans and their implementation.
1.The First Stage: The first stage in ESIP involves activities and decisions leading to the adoption or beginning
of the planning process. In some cases, the decision to engage in school developmental or improvement planning
is mandated by a senior level of goverment. Commnications with stakeholders in the school community about
the planning process is typically part of this stage. In many schools, a group or several teams are organized to
participate in the planning process. Training in the process of school development planning may be undertaken.
2. Conducting An Audit Of The Schools Strengths and Weaknesses: Schools examine their strengths and
weakness using achievement data and other pertinent information. A plan is established according to a
framework that requires action to be taken over a period of time, usually 1 to 5 years.
3. Setting Priorities and Targets: During the “Design” stage, schools determine what should be included in their
plan by incorporating requirements from district and senior levels of goverment with school needs and priorities.
4. Đmplementation or Putting The Plans: Plans are carried out at the classroom and school level.
Responsibilities for implementation may be shared by the principal, teachers, school-based decision-making
groups (or improvement teams), and other stakeholders. Monitoring is sometimes viewed as part of the
implementation stage and is carried out for formative purposes. Monitoring the effects of the plan and the
processes used for its implementation allows schools to see where they are succeeding or where they may
needto make adjustments during the implementation process.
5. Evaluating The Success Of The Plans: Evaluation is sometimes undertaken by external bodies and by the
school itself. Evaluation also may be less formal and limited to school personnel discussing progress towards
goals as they have experienced it. Reporting on the results of the planning process within the school community
or beyon to districts or goverments is also a feature of the evaluation phase in some settings.
In addition to the stages typically associated with ESIP, our review uncovered considerable amounts of
evidence of the factors determining the outcomes of school improvement processes, for example, the role
principal, the teacher teams, district support and the like.
Strategic Leadership
Strategic leadership is a critical component in the effective development of schools. The key foci for
those who led schools in the last two decades, in many countries, have been school effectiveness and school
improvement. The emphasis now is shifting to focus on how short-term improvements can become sustainable.
This study will put forward the view that renewed attention needs to be paid to the strategic dimension of
leadership to ensure this sustainability. We have worked to isolate the strategic dimension of leadership by using
two major categories that emerge from the research, which are: (1) what strategic leader do, and (2)
characteristics that strategic leaders display.
What Strategic Leaders Do?

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�2nd International Symposium on Sustainable Development, June 8-9, 2010 Sarajevo
Davies &amp; Davies (2006) revealed that those strategic leaders involve themselves in five key activities:
Direction setting, translating strategy into action, enabling the staff to develop and deliver the strategy,
determining effective intervention points and developing strategic capabilities.
1. Direction Setting: Strategic leaders are concerned with not just managing the now but setting up a framework
of where the organization needs to be in the future, setting a direction for the organization. School leaders
articulate the definition of the organiations moral purpose , which can be considered as “why we do what we
do”. The values that underpin this moral purpose are linked to the vision considering “where we want to be and
what sort of organization we want to be in the future”.
2.Translating Strategy into Action: The articulation of the strategy can take place in three ways: oral, written
and structural. Oral articulation is the way leaders communicate, through strategic conversations the strategic
purpose and direction of the organization. Written articulations are the formal statements and plans that are
clearly distinguishable from operational short-term plans. Structural articulation refers to the organizational
infrastructure that supports and develops the strategic approach, for example, setting up futures or strategy
meetings seperate from the cycle of operational meetings.
3. Enabling the Staff to Develop and Deliver the Strategy: Wilson (1997), states “organizational change has
two principal aspects-change in mission and strategy and change in culture and behaviour. This could be
developed as: it is impossible fundamentally to change mission and strategy without changing culture and
behaviour. Key to this is changing the mind-set and the behaviour of the people within the organization.
4. Determining Effective Đntervention Points: The leadership challenge of when to make a significant strategic
change is as critical to success as choosing what strategic change to make. When individuals in the organization
are ready for change, when the organization needs the change, and when the external constraints and conditions
force the change all have to balanced one against the other.
5. Developing Strategic Capabilities: Strategic capabilities relate to the longer-term fundamental attributes of an
organization rather than shorter-term specific skills. This capability building approach is a central factor in a
strategically focused school and is one of the key activities of a strategic leader.
Characteristics Strategic Leaders Display
The NCSL (National College for School Leadership) research established significant characteristics of
strategic leaders in schools. These were identified in the research as follows (Davies &amp; Davies 2006):
· Strategic leaders have a dissatisfaction or restlessness with the present,
· Strategic leaders prioritize their own strategic thinking and learning,
· Strategic leaders create mental models to frame their own understanding and practice,
· Strategic leaders have powerful personal and professional networks.
1. Strategic Leaders Have a Dissatisfaction or Restlessness with the Present: This restlessness involves living
the reality of having to manage the current situation and not being able to change it for some time until greater
capacity and capabillity has been built.
2. Strategic Leaders Prioritize Their Own Strategic Thinking and Learning: A very significant number of the
school leaders participating in the study referred to their own learning and stressed the importance of new
knowledge to promote the strategic direction for the school.
3. Strategic Leaders Create Mental Models to Frame Their Own Understanding and Practice: One of the
ways that school leaders can make of complexity is to create mental models and framework to aid their
understanding.
4. Strategic Leaders Have Powerful Personal and Professional Networks: Strategic leaders constantly scan
their environment locally, regionally and internationally. They seek both to develop new ideas and to benchmark
current practice in their own schools with those of colleagues in the wider educational community. The ability to
develop personal and professional networks that provide alternative perspectives from those prevalent in their
immediate educational environment is a key skill of strategic leaders.

Conclusion
It is well known that leadership plays a key role in school improvement and school effectiveness. The
evidence from the internetional literature demonstrates that effective leaders exercise an indirect but powerful
influence on the effectiveness of the school and on the achievement of the students in most countries (Muijs et
al., 2004).
Research studies have shown that obtaining positive results in effective school development depends on
the school’s strategy creation capacity (Leithwood &amp; Hopkins, 2006). Considering the fact that 21st century is
uncertainty, risks and chaos; it will be undertood better how important it is to develop strategies and for the

214

�2nd International Symposium on Sustainable Development, June 8-9, 2010 Sarajevo
administration to undertake leadership roles. Therefore, it might be said that the leadership required by the
organisations of the third millenium is strategic leadership. With schools under short-term pressure to deliver on
the standards agenda the need also to build strategic processes to ensure longer-term success and sustainability
gathers increased importance.

References
Besler, S. (2004). Đşletmelerde stratejik liderlik. Beta Basım A.Ş. Kırklareli.
Davies, B. J. &amp; B. Davies. (2006). Developing a model for strategic leadership in schools. Educational
Management Administration &amp; Leadership., Vol. 34(1), p:121-139.
Hargreaves, D. H. &amp; D. H. Hopkins. (1991). The empowered school: The management and practice of
development planning. London: Cassell.
Hitt, M., Ireland D. &amp; R. E. Hoskisson. (1999). Strategic management: Competitiveness and globalization:
Concepts and cases., Cincinnati: South_Western College Pub.
Leithwood, K., Jantzi D. &amp; C. M. H. Hopkins. (2006). The developmnet and testing of a school improvement
model. School Effectiveness and School Improvement., Vol. 17, No.4, December, p:441-464.
Muijs, D., Harris A., Chapman C., Stoll L. &amp; J. Russ. (2004). Improving schools in socioeconomically
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p:149-175.
Ranson, S., Farrell, C., Peim, N. &amp; P. Smith. (2005). Does governance matter for school improvement?.
School Effectiveness and School Improvement., Vol. 16, No.3, September, p:305-325.
Reezigt, G., &amp; B. P.M. Creemers. (2005). A comprehensive framework for effective school improvement.
School Effectiveness and School Improvement., Vol. 17, No.4, December, p:441-464.
Wikeley, F., Stoll L., Murillo J. &amp; R. Long. (2005). Evaluating effective school improvement: Case studies of
programmes in eight European countries and their contribution to the effective school improvement model.
School Effectiveness and School Improvement., Vol. 16, No.4, December, p:387-405.

215

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                    <text>A Leap into Interculturalism: Tom Stoppard's Indian Ink
Ifeta Čirić-Fazlija
University of Sarajevo/ Sarajevo, Bosnia and Herzegovina
Key words: Interculturalism, drama, transculturation, deconstruction, hybridity
ABSTRACT
Interculturalism as “the[n] the latest avant-garde [...] which has set up a dialectic between a source culture and a
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Stoppard‟s Indian Ink (1995), that exploit diverse strategies in their attempt to provide a less partial portrayal of
foreign cultures and the proceedings of transculturation.
By focusing on the characterisation of three distinct groups of characters (Indians, Anglo-Indians and British), on
the language-games played by the protagonists Flora Crew and Nirad Das, and on the symbolism of Flora‟s
portraits, the paper looks into the very strategies Stoppard uses to deconstruct not only the stereotypical
representations of the Other, but also notions of a homogenous and “pure” culture.

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                <text>Key words: Interculturalism, drama, transculturation, deconstruction, hybridity  ABSTRACT  Interculturalism as “the[n] the latest avant-garde [...] which has set up a dialectic between a source culture and a target culture” (Singleton, 1995: 162) has been more manifest in dramatic texts and theatrical performances since the 1980s. Even though early intercultural plays and/or theatre have been dismissed as Eurocentric and problematic in regards to how they represent their respective source/foreign cultures (cf. Pavice, 1992; Singleton, 1995; Sakelleridou, 1995), there have been instances of „leaps‟ into intercultural theatrical practices, such as Tom Stoppard‟s Indian Ink (1995), that exploit diverse strategies in their attempt to provide a less partial portrayal of foreign cultures and the proceedings of transculturation.  By focusing on the characterisation of three distinct groups of characters (Indians, Anglo-Indians and British), on the language-games played by the protagonists Flora Crew and Nirad Das, and on the symbolism of Flora‟s portraits, the paper looks into the very strategies Stoppard uses to deconstruct not only the stereotypical representations of the Other, but also notions of a homogenous and “pure” culture.</text>
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A Literature Review About Sustainability Accounting
Filiz Angay Kutluk1,Mustafa Gülmez2
1 Akdeniz University, Ayşe Sak School of Applied Sciences, Antalya,Turkey
2 Akdeniz University, Tourism Faculty, Antalya,Turkey
Abstract
Purpose: The purpose of this paper is to give a brief information and review ‘Sustainability
Accounting’ articles published in the period of 2000 to 2011.
Method: Articles are collected by searching main databases by abstract, keyword or article
title that contain ‘Sustainability Accounting‘. Analyses mainly include quantity analysis and
purpose analysis. The articles are classified according to journals and years in quantity
analysis. The main purposes of the articles are mentioned in the purpose analysis.
Findings and recommendations: The classifications are shown in tables and discussed. The
mostly published years and journals, the mostly chosen subject area and purposes are
144

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

mentioned. It is thought that this literature review analysis will be helpful for the researchers
to focus on a special subject area or purpose.
1.INTRODUCTION
The survival of the natural environment and environmental sustainability are from the most
important subjects of the 21st century which are being taken into consideration globally. Jasch
and Lavicka (2006, 1214) stated that sustainable development is described in three
dimensions which are not separate, but strongly influence each other: social, environment and
economic, which are sometimes also called People, Planet and Profit. According to Taplin et
al. (2006, 359), “Sustainability accounting provides developmental opportunities, institutional
learning and transformational effects on society and the environment that make it appealing
for organizations to engage with”. Fraser (2011, 36) defines sustainability accounting as “the
study and practice that makes visible the linkage between organizational activities and the
pursuit of sustainability”. Ngwakwe (2012) stated that engagement in some sustainability
initiatives in support of sustainable development has started by the accounting profession; but
it looks like a weak approximation of sustainable development ideal which is caused by lack
of standards, regulations and uniform sustainability accounting schemes.
The purpose of this study is to review ‘Sustainability Accounting’ articles published in the
period of 2000 to 2011 according to quantity and purpose and to give information about the
main subject areas.
2.METHOD
Articles are collected by searching Ebsco, Emerald Management and Science Direct databases
by abstract, keyword or article title that contain ‘Sustainability Accounting‘. Totally 87
articles (8, 39 and 40 articles respectively) are found. Same articles which were duplicated in
different databases, counted as single. Editorials, book reviews and periodicals are excluded.
So, 52 articles are analyzed according to the quantity and purposes.
2.1Quantity Analysis
In Quantity Analysis, the number of the papers in the topic of “Sustainability Accounting” is
listed according to each Journal for the concerning years. Table 1 shows the quantity analysis.

Accounting, Auditing &amp; Accountability Journal
Accounting Forum
Accounting, Organizations &amp; Society
Business Strategy &amp; the Environment
Critical Perspectives on Accounting
Economics &amp; Management

1

1

TOTAL

2011

2010

2009

2008

2007

2006

2005

2004

Journal Name

2003

Table 1 Quantity of the Sustainability Accounting Papers

1

1
1
2
1
1
145

3
1
1
2
1
1

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

Environmental Impact Assessment Review
International J. of Sustainable Develop. &amp;
Journal
of Cleaner Production
World Ecology
Journal of Environmental Assessment Policy &amp;
Journal
of Modern Accounting &amp; Auditing
Management
Journal of World Business

1
1
1
1
1
1

Leadership &amp; Organization Development
Journal
Public Money &amp; Management
Scottish Journal of Political Economy

1
1
1

Sustainability Accounting, Management
and Policy Journal
TOTAL

1

2

1

5

1

1

-

17

17

19

22

1
1
1
1
1
1
1
1
1
34
52

2.2.Purpose Analysis
It is thought that it would be a guide for the researchers who want to examine the
‘Sustainability Accounting’ articles according to a particular purpose. Classification is made
according to the journals. Table 2 shows the journals, publishing years, name of the authors
and purposes of the articles.
Table 2 Classification of the Articles by Purpose
Accounting, Auditing &amp; Accountability Journal
Year
2006

Author
 Gray

Purpose
 To examine the extent to which social, environmental and sustainability accounting and reporting
(SEA) can or should contribute to shareholder value and, correspondingly, to consider the challenge
that SEA can offer to the conventional views of “value” that underpin traditional financial
accounting.

2007

2010

 Adams and

 To present a case for research in ethical, social and environmental (or sustainability) accounting and

LarrinagaGonzález

accountability which engages with those organizations claiming to manage and report their
sustainability performance.

 Burritt and

 To discuss the current development of sustainability accounting research, the identification of

Schaltegger

critical and managerial paths, and to assess of the future of sustainability accounting and reporting.

Accounting Forum
2005

 Lamberton

 To review the relatively short history of sustainability accounting theory and practice and to draw
upon the structure of the financial accounting model to develop a sustainability accounting
framework that aims to provide direction for future development of sustainability accounting at both
conceptual and applied levels.

Accounting, Organizations &amp; Society
2011

 O’Dwyer et al.

 To develop a theoretical and empirical understanding of the processes through which sustainability
assurance practitioners can, and do, seek to legitimize this relatively new area of practice with key
audiences.

Business Strategy &amp; the Environment
2006

 Perrini and

 To address this need for change by presenting a relational view of the firm, based on the strategic

Tencati



value of the linkages with stakeholders, and its implication in terms of corporate performance
evaluation and reporting systems.
To develop a sustainability accounting framework to guide organizations down the road to greater
sustainability, start them thinking about the necessary issues and show them how to incorporate
them in their business models.

 Taplin et al.
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�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

Critical Perspectives on Accounting
Year
2004

Author

Purpose

 Ball

 To explore the possibility of a ‘sustainability accounting’ project for the UK local government
sector and to provide a test of the usefulness of the social theory mapping approach in the context of
the development of the sustainability accounting project.

Economics &amp; Management
2011

 Vavra et al.

 To determine sustainable aspects of innovations for further improvement of processes within
company, its competitiveness, corporate social responsibility and corporate sustainability.

Environmental Impact Assessment Review
2006

 Gale and Gale

 To demonstrate that “state-of-the-industry” accounts need to be critically assessed according to a
range of social impacts and costs to provide as much information as possible to a broader range of
stakeholders.

International Journal of Sustainable Development &amp; World Ecology
2011

 Ngwakwe

 To examine and understand the influence of global sustainable development culture on the
sustainability behaviour of the accounting profession and to highlight some policy implications of
this influence.

Journal of Cleaner Production
2006

 Jasch and Lavicka

 To be based on a project with the Styrian automobile cluster in Austria and selected member
companies, the environmental management costs, as well as further costs for health and safety, risk
management and other social issues were assessed.

Journal of Environmental Assessment Policy &amp; Management
2004

 Gassner and

 To present a way of linking the environmental pressure related to trade, to flows of money and

Narodoslawsky

products between nations.

Journal of Modern Accounting &amp; Auditing
2011

 Khan

 To consider the offering of a stand-alone sustainability accounting course, offered by the accounting
Faculties in Australian and American universities.

Journal of World Business
2010

 Schaltegger and

 To focus on the role of sustainability accounting as an approach to help support management

Burritt

improve corporate sustainability and responsibility, to deal with interpretations and paths of
sustainability accounting from a management perspective and to discuss the need for a pragmatic
goal driven path to sustainability accounting.

Leadership &amp; Organization Development Journal
2011

 Seleshi

 To relate the ecological approach to the environmental and conservation objectives embedded in
sustainability development and reporting.

Public Money &amp; Management
2008

 Larrinaga-

Gonzélez and
Pérez-Chamorro

 To analyze the ways that Spanish public water companies communicate sustainability information to
their stakeholders and explores whether distinctive and more progressive accountability is possible
in the public sector in comparison with private sector organizations.

Scottish Journal of Political Economy
2003

 Asheim

 To summarize assumptions made and results obtained in parts of the literature on welfare and
sustainability accounting.

Sustainability Accounting, Management and Policy Journal

147

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

2010

 Gray

 To reexamine social accounting as a problem focused, multi-disciplinary field and explores some of
the possible directions the emerging field might take.

 To determine whether market participants see value in the corporate choice to begin publishing a
 Guidry and Patten

 Stohl and Stohl




 Arunachalam and

standalone sustainability report and to investigate whether differences in market reactions are
associated with the quality of the sustainability report.
To explore how globalization processes have shaped the nature, scope, and time frame of
considerations of social responsibility and the development of a corporate social responsibility
(CSR) regime and to identify three generations of human rights' values embedded within the
Universal Declaration of Human Rights and aims to argue that they inspire and influence
contemporary discussions about, and practices of CSR.
To draw on recommendations of Agenda 21 and communitarian theory to examine collaboration
between local district community and local authorities to formulate strategies for the sustainable
development of the Taupo district.
To contribute to the rethinking what it means to be human and our relationship with the Earth.
To identify changes in regulatory requirements that will lead to improved transparency on
sustainability and corporate responsibility issues and the impact this may have for stakeholders.
To raise a selection of issues and questions that have begun to face academics and business
professionals in the technically complex field of greenhouse gas accounting.

Lawrence

 McIntosh
 Adams
 Young

Year
2010

Author
 Lane

Purpose
 To demonstrate that spending on environmental protection will aid, rather than hamper, economic



 Henriques

 Rogers et al.

 Murray et al.






 Loucks et al.
 Epstein and
Yuthas



development which is itself sustainable and attempts to show that a more activist role of the
governments of Asia-Pacific countries in the making and implementation of a global emissions
regime is much in line with the real situation in this economically vibrant region of the world.
To discuss some of the issues in the development of ISO 26000 a new standard for social
responsibility.
To study the secondary markets to understand the size of the important portion (secondary markets
provide a place for unwanted items to be bought and sold, which diverts them from landfills,
reducing the products' ecological impact and creating economic value) of the US economy.
To investigate the possibilities and problems for collaboration in the area of corporate social
responsibility (CSR) and sustainability and to explore the nature and concept of collaboration and its
forms, and critically evaluates the potential contribution a collaborative approach between agencies
might offer to these agendas.
To explore how to meaningfully engage small- to medium-sized enterprises (SMEs) in strategies
that improve the social and environmental sustainability of their businesses.
To thoroughly examine sources of mission diffusion and mission drift in the microfinance industry
and to identify consequences of and remedies to these problems.
To gain some insight into how consumers respond to green alternatives, and examine how managers
can best position their green products to maximize the premium consumers are willing to pay.
To forward a conceptual model identifying some of the key sources of judgment error in individual
environmental sensemaking and to offer recommendations to mitigate some of these biasing
dysfunctions and thereby improve the effectiveness of environmentally related business policy.
To survey the research methods employed in the extant environmental accounting literature, finding
few experimental studies.
To report on the highlights of the UN Global Compact Leaders Summit, the Principles for
Responsible Management Education Global Forum and the Globally Responsible Leadership
Initiative General Assembly held in New York and Boston in June 2010 and to discuss the potential
of the connections and collaborations between these organisations and others to lead to change.

 Okada and Mais
 Schwering

148

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

 Alewine
 Adams and
Petrella

2011

 Macdonald et al.

 To review a five-year multi-study research programme on the role of public dialogue in the social
and cultural sustainability of biotechnology developments in New Zealand.

 To investigate sulphur dioxide (SO2) emissions trading practice in China and discusses what it
 Lu

might reveal about the suitability of using emissions trading to achieve carbon reductions in China.

 To explain how inefficient learnivng rules may lead to a perception of economic and ecological
realities that may be systematically distorted in the long run.

 Gomes

 To explore the role of management accounting practices as facilitators of the environmental

 Albelda

 To analyse social report guidelines and practices within Italian local governments (ILGs).
 To draw on the New Zealand context to provide extensions and comparative insights to prior

management.

research that has canvassed the reasons for sustainability reporting by local governments.

 To detail the research and consultation process highlighting the demand for this information,
 Farneti and Siboni
 Bellringer et al.
 Miles

undertaken by the Global Reporting Initiative (GRI) and the International Finance Corporation.

 To discuss climate change policies such as carbon taxes and emissions trading schemes which are



 Nelson et al.



 Mayo



 Adams et al.




 Forbes and
McIntosh




 Gondor and
Morimoto



being developed and implemented in ways which fundamentally transform the profitability of
industries and businesses.
To consider the historical basis of development of corporate social responsibility and the impact of
this on co-operative enterprises and member-owned businesses.
To discuss the role of business academics and business schools in the development of leaders able to
respond to climate change and sustainability challenges.
To examine the uptake of corporate social responsibility (CSR) in the Asia Pacific region and to
explore the extent to which countries in the region are transitioning towards a sustainable enterprise
economy (SEE) and the links between the two, thereby connecting the uptake of CSR at the
organisational level to the configuration and transformation of societies.
To examine the current situation of eco-labelling in Japan, and the possible roles of two connected
non-governmental organizations (NGOs) – the Marine Stewarship Council (MSC) and the World
Wildlife Fund (WWF) – may have in future decision making.
To focus on the design of a sustainable business model on the development of a biofuel industry in
Indonesia.
To discuss technology transfer – and its role in climate change mitigation – within the United
Nations framework of sustainable development.
To provide an overview and context for the emerging field of public policies for scaling voluntary
standards, or private regulations, on the social and environmental performance of business and
finance, to promote sustainable development; in order to stimulate more innovation and research in
this field.
To explore the gaps between regulatory requirements and authoritative guidance regarding climate
disclosure in Australia; reporting practices; and the demands for increased disclosure and
standardization of that disclosure.
To thoroughly examine solutions to mission diffusion and mission drift in the microfinance industry.

 Jupesta et al.
 Bakhtina
 Bendell et al.

 Cotter et al.

149

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo
 Epstein and
Yuthas

3.RESULTS AND CONCLUSION
As Table 1 shows, most of the publications about ‘Sustainability Accounting’ are in
Sustainability Accounting, Management and Policy Journal . This journal is specialized for
Sustainability Accounting and started to be published in 2010 and all articles published in
2010 and 2011 are about Sustainability Accounting. From the other journals, Accounting,
Auditing &amp; Accountability Journal and Business Strategy &amp; the Environment have the highest
number of articles about Sustainability Accounting. It is necessary to mention that most of the
journals had special issues related to Sustainable Development, Social and Environmental
Accounting or Environmental Management in the examined period, but our study is limited to
the abstracts, keywords or articles title containing ‘Sustainability Accounting’, for that reason
the articles in the special issues aren’t included in the study. Table 1 shows that, most of the
‘Sustainability Accounting’ articles are published in 2010 and 2011.
Table 2 shows that subject area and purposes of the articles are mostly about development of
sustainability accounting research ant its role to improve corporate sustainability,
developments in social and environmental accounting, developments in corporate social
responsibility and environmental management.
Ngwakwe (2012, 38) recommends that sustainability initiatives of accounting profession are
required to increase the role of accounting towards sustainable development such as regulated
sustainability accounting and reporting standards, integrating sustainability accounting into
accountancy education and the improvement of accounting by creation of ‘engineering
accounting’ equip specialist accountants with technical and scientific skills to meet rising
challenges originating from climate change. Zadek (1999, 31) mentiones that “the imperatives
of integrating social and environmental goals and measures of performance with the
‘financials’ become the real step towards placing the process of business within the
framework of sustainability. Adams et al. (2011, 169) state that there is a needed change in
business education to develop personal and leadeship skills and to address global problems of
poverty, climate change, environmental sustainability and life style.
Ngwakwe (2011, 450) insists that “sustainability behaviour in the accounting profession is a
function of global green culture and that the more society embraces profounder green values,
the more accounting will transform towards sustainability values”. So the main responsibility
in sustainable development starts with the people of the society.
Our study is limited with the review of the articles contains‘Sustainability Accounting’ in
abstracts, keywords or articles title. A detailed study about sustainable development and its
connection with accounting profession will be helpful for sustainability accounting
researchers.
REFERENCES
Adams, C. A., Heijltjes, M. G., Jack, G., Marjoribanks, T., and Powell, M. (2011) The
development of leaders able to respond to climate change and sustainability challenges: The
role of business schools, Sustainability Accounting, Management and Policy Journal, 2(1),
165-171
Fraser, M.(2011) Sustainability assessment models, Chartered Accountants Journal, 90(3), 3638.
150

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

Jasch, C. And Lavicka, A. (2006) Pilot project on sustainability management accounting with
the Styrian automobile cluster, Journal of Cleaner Production, 14(14), 1214-1227.
Ngwakwe, C. C. (2011) Towards an understanding of the influence of sustainability culture
on the accounting profession, International Journal of Sustainable Development &amp; World
Ecology, 18(5), 442-452.
Ngwakwe, C. C. (2012) Rethinking the Accounting Stance on Sustainable Development,
Sustainable Development, 20, 28-41.
Taplin, J. R. D., Bent, D. and Aeron-Thomas, D. (2006) Developing a sustainability
accounting framework to inform strategic business decisions: a case study from the chemicals
industry, Business Strategy &amp; the Environment (John Wiley &amp; Sons, Inc), 15(5), 347-360.
Zadek, S. (1999) Stalking Sustainability, Greener Management International, 26, 21-31.
Appendix-The List of the Reviewed Articles
Asheim, G. B. (2003) Green national accounting for welfare and sustainability:A Taxonomy
Of Assumptions And Results, Scottish Journal of Political Economy, 50(2), 113-130.
Ball, A. (2004) A sustainability accounting project for the UK local government sector?
Testing the social theory mapping process and locating a frame of reference, Critical
Perspectives on Accounting, 15(8), 1009-1035.
Gassner, J. and Narodoslawsky, M. (2004) Regional sustainability accounting and the
environmental–economic balance of payments, Journal of Environmental Assessment Policy
&amp; Management, 6(4), 565-583.
Lamberton, G. (2005) Sustainability accounting--a brief history and conceptual framework,
Accounting Forum, 29(1), 7-26.
Gray, R. (2006) Social, environmental and sustainability reporting and organisational value
creation? Accounting, Auditing &amp; Accountability Journal, 19(6), 793-819.
Taplin, J. R. D., Bent, D. and Aeron-Thomas, D. (2006) Developing a sustainability
accounting framework to inform strategic business decisions: a case study from the chemicals
industry, Business Strategy &amp; the Environment (John Wiley &amp; Sons, Inc), 15(5), 347-360.
Perrini, F. and Tencati, A. ( 2006) Sustainability and stakeholder management: the need for
new corporate performance evaluation and reporting systems, Business Strategy &amp; the
Environment, 15 (5), 296-308
Gale, R. and Gale,F. (2006) Accounting for social impacts and costs in the forest industry,
British Columbia, Environmental Impact Assessment Review, 26( 2), 139-155.
Jasch, C. and Lavicka, A. (2006) Pilot project on sustainability management accounting with
the Styrian automobile cluster, Journal of Cleaner Production, 14(14), 1214-1227.
Adams, C. A., Larrinaga-González, C. (2007) Engaging with organisations in pursuit of
improved sustainability accounting and performance, Accounting, Auditing &amp; Accountability
Journal, 20(3), 333-355.
Larrinaga-Gonzélez, C. and Pérez-Chamorro, V. (2008) Sustainability Accounting and
Accountability in Public Water Companies, Public Money &amp; Management, 28(6), 337-343.
Burritt, R. L. and Schaltegger, S. (2010) Sustainability accounting and reporting: fad or trend?
Accounting, Auditing &amp; Accountability Journal, 23(7), 829-846.
151

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Schaltegger, S. and Burritt, R. L. (2010) Sustainability accounting for companies:
Catchphrase or decision support for business leaders? Journal of World Business, 45(4), 375384.
O’Dwyer, B., Owen, D. and Unerman, J. (2011). Seeking legitimacy for new assurance forms:
The case of assurance on sustainability reporting, Accounting, Organizations &amp; Society, Vol.
36 (1), 31-52.
Vavra, J., Munzarova, S., Bednarikova, M. and Ehlova, Z. (2011) Sustainable Aspects of
Innovations, Economics &amp; Management, 16, 621-627.
Ngwakwe, Collins C. (2011) Towards an understanding of the influence of sustainability
culture on the accounting profession, International Journal of Sustainable Development &amp;
World Ecology, 18 (5), 442-452.
Khan, T. (2011) Sustainability Accounting Education: Scale, Scope and a Global Need,
Journal of Modern Accounting &amp; Auditing, 7(4), 323-328.
Seleshi, S. (2011) Ecological systems approaches to sustainability and organizational
development: Emerging trends in environmental and social accounting reporting systems,
Leadership &amp; Organization Development Journal, 32 (4), 379-398.
Sustainability Accounting, Management and Policy Journal Articles
Gray, R. (2010) A re-evaluation of social, environmental and sustainability accounting: An
exploration of an emerging trans-disciplinary field? 1(1), 11-32
Guidry, R. P. and Patten, D. M. (2010) Market reactions to the first-time issuance of corporate
sustainability reports: Evidence that quality matters, 1(1), 33-50
Stohl, M. and Stohl, C. (2010) Human rights and corporate social responsibility: Parallel
processes and global opportunities for states, corporations, and NGOs, 1(1), 51 – 65
Arunachalam, M. and Lawrence, S. (2010) Constructing strategies for sustainable
development the communitarian way, 1(1), 66-80.
McIntosh, M. (2010) Re-visiting the world and co-creating a future, 1(1), 81-84
Adams, R. (2010) It's (already) beginning to look a bit like Christmas, 1(1), 85-88
Young, A. (2010) Greenhouse gas accounting: global problem, national policy, local
fugitives, 1(1), 89-95
Lane, J.E. (2010) Economic catch-up and emission reductions, 1(1), 96-102
Henriques, A. (2010) ISO 26000: a standard for human rights? 1(1), 103-105
Rogers, D. S., Rogers, Z. S. And Lembke, R. (2010) Creating value through product
stewardship and take-back, 1(2), 133-160
1891346Murray, A., Haynes, K. and Hudson, L. J. (2010) Collaborating to achieve corporate
social responsibility and sustainability?: Possibilities and problems, 1(2), 161-177.
1891347Loucks, E. S., Martens, M. L. and Cho, C. H. (2010) Engaging small- and mediumsized businesses in sustainability, 1(2), 178-200.1891348
Epstein, M. J. and Yuthas, K. (2010) Mission impossible: diffusion and drift in the
microfinance industry, 1(2), 201 – 221.
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1891349Okada, E. M. and Mais, E. L. (2010) Framing the “Green” alternative for
environmentally conscious consumers, 1(2), 222-234.
Schwering, R. E. (2010) 1891350Sources of judgment error in environmental sensemaking,
1(2),
235-255.
1891351Alewine, H. C. (2010) A model for conducting experimental environmental
accounting research, 1(2), 256-291.
1891352Adams, C. and Petrella, L. (2010) Collaboration, connections and change: The UN
Global Compact, the Global Reporting Initiative, Principles for Responsible
Management Education and the Globally Responsible Leadership Initiative, 1(2), 292-296.
Macdonald, L. R., Varey, R. J. and Barker, J. B. (2011) Science and technology development
and the depoliticization of the public space: The case of socially and culturally sustainable
biotechnology in New Zealand, 2(1), 8-26.
Lu, Z. (2011) Emissions trading in China: lessons from Taiyuan SO2 emissions trading
program, 2(1), 27-44.19497
Gomes, O. (2011) Learning equilibria in growth-pollution models, 2(1), 45-75.
Albelda, E. (2011) The role of management accounting practices as facilitators of the
environmental management: Evidence from EMAS organisations, 2(1), 76-100.
19498Farneti, F. and Siboni, B. (2011) An analysis of the Italian governmental guidelines and
of the local governments' practices for social reports, 2(1), 101-125.
194986Bellringer, A., Ball, A. and Craig, R. (2011) Reasons for sustainability reporting by
New Zealand local governments, 2(1), 126-138.19497
Miles, K. (2011) Embedding gender in sustainability reports, 2(1), 136-146.
1949829Nelson, T., Wood, E. Hunt, J. and Thurbon, C. (2011) Improving Australian
greenhouse gas reporting and financial analysis of carbon risk associated with investments,
2(1), 147-157.1949661
Mayo, E. (2011) Co-operative performance, 2(1), 158-164.194961
Adams, C. A., Heijltjes, M. G., Jack, G, Marjoribanks, T. and Powell, M. (2011) The
development of leaders able to respond to climate change and sustainability challenges: The
role of business schools, 2(1), 165-171.
Forbes, S. and McIntosh, M. (2011) Towards CSR and the sustainable enterprise economy in
the Asia Pacific region, 2(2), 194-213.
Gondor, D. and Morimoto, H. (2011) Role of World Wildlife Fund (WWF) and Marine
Stewardship Council (MSC) in seafood eco-labelling policy in Japan, 2(2), 214-230.
Jupesta, J. Harayama, Y. and Parayil, G. (2011) Sustainable business model for biofuel
industries in Indonesia, 2(2), 231-247.
Bakhtina, V. A. (2011) Innovation and its potential in the context of the ecological component
of sustainable development, 2(2), 248-262.
17003309
Bendell, J, Miller, A. and Wortmann, K. (2011) Public policies for scaling corporate
responsibility standards: Expanding collaborative governance for sustainable development,
2(2), 263-293.
153

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Cotter, J., Najah, M. and Wang, S. S. (2011) Standardized reporting of climate change
information in Australia, 2(2), 294-321.
Epstein, M. J. and Yuthas, K. (2011) Protecting and regaining clarity of mission in the
microfinance industry, 2 (2), 322 – 330.

Distrubution Of Human Capital: A Study On Turkish Regions
Zekeriya Mizirak, Deniz Göktaş
Department of Economics, Konya University, Konya, Turkey
E-mails: zmizirak@hotmail.com, d.goktas@gmail.com
Abstract
Firms’ location choice causes regional economic differences. The conventional view of
firms’ location relies on cost-related factors such as tax breaks and subsidies. Human capital
theory of regional development asserts that people are the motor force behind the regional
growth. According to proponents of the human capital theory, regional growth is driven by
endowments of highly educated and productive people instead of reducing costs of business
or low costs of resources. In a world in which people are highly mobile, human capital is not a
given endowment. Under the new regime of geography in which jobs follow labor instead of
labor force follows jobs, wherever intelligence clusters evolve, so too will wealth accumulate.
Firstly, Jacobs attracted attention to the ability of cities to attract creative people and thus spur
economic growth. To sustain innovation attracting and retaining human capital is believed a
crucial role. Firms want to reap the benefits from skilled labor pool.Places with greater
number of highly educated people grow faster and better able to attract more talent.
There are three linkages between human capital and regional growth. Firstly, concentration of
creative and highly educated people through accumulation of knowledge and productivity in
existing firms. Human capital enables both product and process innovations. Second
explanation is related to inter firm dynamics. Highly human capital endowed people rapidly
adapt new ideas and technologies; therefore industrial shift in these human capital endowed
regions is rather easier. Not only they succeed in existing mature firms, but also they start
new enterprises, thus contribute into economic activity. This linkage is called reinvention
view of human capital. Third explanation is about consumption patterns of educated people.
Human capital causes growth by spending effect. Since they have higher incomes, they spend
much on leisure activities like bars, restaurants and theatres. Their spending habits create
employment for the unskilled.
In this paper we will test the relationship between the human capital endowment of the
regions and determinants of its regional distribution. Job opportunities, regional amenities and
diversity can affect the distribution of human capital.
Keywords: Regional development, human capital, location choice

154

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                    <text>3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

A Loan Payment Model with Rhythmic Skips

Abdullah Eroglu1, Gultekin Ozdemir2
1Suleyman Demirel University, Faculty of Economics and Administrative Sciences
Department of Business Administration, 32260 Cunur, Isparta – Turkey
2Suleyman Demirel University, Faculty of Engineering
Department of Industrial Engineering, 32260 Cunur, Isparta – Turkey
E-mails: abdullaheroglu@sdu.edu.tr, gultekinozdemir@sdu.edu.tr

Abstract
Repayments of loans granted by banks to customers are usually in equal installments. The
general formulae of the amount of financial installment, the number of installment, the
interest rate of installments, etc. could be derived as considering the sum of present value of
repayments made by the customer (installments) to be equal to the present value of the loan.
Presenting the different options instead of only fixed installments to customers for repayments
of loan installments is very important in terms of reaching more customers. Customers could
have some difficulties to pay the loan due to the increased costs in some periods. Therefore,
repayments could not be done in these periods. This situation was addressed by Formato
(1992) first time and it was called as skip loan payment model.
Formato's (1992) model is improved by Moon as a repayment installments model in a
geometric-gradient series. Eroglu and Karaoz (2002) extended Formato's result to the case
that periodic payments occur in a linear-gradient series. In this study, general formulae are
derived for loan payment models including rhythmic skips with split geometric constant and
alternating installments instead of random skips with geometric constant and alternating
installments. Examples of the developed model are provided for better understanding and for
future research areas. Since prospective customers of financing institutions demand more
alternatives for payment plans for their loans, financing institutions need different installment
plans. Therefore, it is expected that one of those alternatives would be in this study.

Keywords: Loan payment, Rhythmic skips, Split geometric constant, Installments, Formato

1. INTRODUCTON
The problem of repayment installments of a loan is based on the present value of the debt to
be equal the net present value of debt repayments (Iscil, 1997). The general formulae are
derived for loan payment models including rhythmic skips with split geometric constant and

271

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

alternating installments instead of random skips with geometric constant and alternating
installments in different financial mathematics books. Those models are given below:

The loan repayment model with constant installments as follows:
d

pr
.
1  Rn

(1)

The loan repayment model with geometric alternating installments as follows:

dk  dG k 1 , k  1,
 p r  g 

n
d   1 i
 pR
 n

,n .

(2)

, gr

.

(3)

, gr

The loan repayment model with arithmetical alternating installment series as follows:

dk  d   k  1 v , k  1,
d

,n

pr 2 R n  v 1  nr  R n 
r  R n  1

(4)
(5)

(Eroglu 2000).
Where;
d

: the installment or the first amount of periodic payment,

dk : the amount of the installment at the end of kth period,
n

: the number of installments,

p

: the amount of the loan,

r

: the periodic interest rate, R=1+r,

g

: the proportional change (geometric) in installment amounts, G=1+g, i=GR-1 ,

v

: the quantitative change (arithmetic) in installment amounts.

The aforementioned loan repayment models assume that installments are made at the end of
each period. Formato (1992) developed an installment model in which cases client does not
want to make payments at the end of certain periods that s/he will determine, such as due to
vacation expenses. Formato's skip payment model is extended to the case where periodic
installments change in geometric sequences by Moon (1994) and is extended to the case
where periodic payments change in geometric sequences by Eroglu and Karaoz (2002).
Furthermore, Eroglu (2001) developed general formulae for the models of installments with
arbitrary skipped partially geometric and installments with partially arithmetic changes. The
272

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

installments that will not be paid at the end of which period are chosen arbitrarily for the
above mentioned four studies.
In this study, general formulae are derived for loan payment models including rhythmic skips
with split geometric constant and alternating installments instead of random skips with
geometric constant and alternating installments instead of choosing the periods where the
installments will not be paid arbitrarily.

2. A LOAN REPAYMENT MODEL WHICH HAS RHYTMIC SKIPS WITH SPLIT
GEOMETRIC ALTERNATING INSTALLMENT SERIES
In this model, the installments occur as periods, e.g, monthly, quarterly, etc. Period with
repayments is the sequential periods where installments are made. Period without repayments
is the sequential periods where installments are not made. The fundamental assumption of the
model is that the lengths of periods with repayments are equal to each other (each period has
an equal number of repayment period) and also the lengths of periods without repayments are
equal among themselves. The adjective rhythmic is added to the model because of this
assumption. In previous studies, the lengths of periods with repayments are different. This
situation also holds for periods without repayments. Another assumption of the model is that
the amounts of installments are forming a geometric series. In other words, installments in a
period with repayment are equal to each other and form a geometric alteration in sequential
two periods.
The following symbols are used in addition to symbols for the model given earlier.
f

: the total number of installments in a period with repayment,

h

: the number of unpaid installments in a period without repayment,

Mk : the first period number of an installment in a period with repayment following a period
without repayment,
Lk+1 : the last period number of an installment in a period with repayment following a period
without repayment,
dkj : the total amount of installments made at the end of the jth period of a period with
repayment following kth period without repayment,
s

: the total number of periods without repayments,

n

: the duration of loan repayment schedule as the number of periods.

The following expressions can be written, since the number of installments of periods with
repayments is equal to each other and the lengths of the periods without repayments are equal:

M k  k  f  h  1, k  0,, s
Lk 1  k  f  h  f , k  0,, s
273

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

n  Ls 1  s f  h  f
The following formula is used for when the installments are split geometric alternating:

d kj  dG k , k  0,, s

j  M k ,, Lk 1

(6)

The following formulae are obtained, since the amount present value of the loan is equal to
the net present value of the installments (see appendices):





 d 1  R  f  GR  f  h  s 1  1 

 
 , G  R f h
 f  h 
Lk 1
s

r
GR

1


p    d kj R  j  


k 0 j  M k
 d  s  1 1  R  f 

, G  R f h

r

 7a 
 7b 

and







rp GR  f  h   1

s 1
 1  R  f   GR  f  h 
 1


d 

rp

f
  s  1 1  R 



, G  R f h

 8a 

, G  R f h

8b 

2.1. Example-1: For the case of G ≠ Rf+h
A car with the cash value of $ 15000 has been bought with the following conditions: There
will be 1 month skip after 3 monthly installments and the loan will be paid within 15 months
with a 3 percent increase from one period with repayment to the next. Compute the monthly
installments when the monthly interest rate is 1.2%.
The problem data: p = 15000, f = 3, h = 1, s = 3, n = 15, g = 0.03, r = 0.012.
The first installment is calculated as d = 1315.19 by using Equation-8a. The installment plan
is given in Table 1.
Table 1. The installment plan for Example-1
Months

Installments

The remaining amount of the debt ($)

0

274

15000
– 1315.19 = 13864.81

1

1315.19

(15000*1.012)

2

1315.19

(13864.81*1.012) – 1315.19 = 12716.00

3

1315.19

(12716.00*1.012) – 1315.19 = 11553.40

4

0

5

1354.64

(11553.40*1.012) – 0

= 11692.04

(11692.04*1.012) – 1354.64 = 10477.70

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

6

1354.64

(10477.70*1.012) – 1354.64 = 9248.80

7

1354.64

(9248.80*1.012) – 1354.64 = 8005.14

8

0

9

1395.28

(8101.20*1.012) – 1395.28 = 6803.14

10

1395.28

(6803.14*1.012) – 1395.28 = 5489.50

11

1395.28

(5489.50*1.012) – 1395.28 = 4160.09

12

0

13

1437.14

(4210.01*1.012) – 1437.14 = 2823.39

14

1437.14

(2823.39*1.012) – 1437.14 = 1420.13

15

1437.14

(1420.13*1.012) – 1437.14 = 0

(8005.14*1.012) – 0

= 8101.20

(4160.09*1.012) – 0

= 4210.01

2.2. Example-2: For the case of G = Rf+h
A car with the cash value of $ 13000 has been bought with the following conditions: There
will be 2 months skip after 3 monthly installments and the loan will be paid within 13 months
with a 5.101 percent increase from one period with repayment to the next. Compute the
monthly installments when the monthly interest rate is 1%.
The problem data: p = 13000, f = 3, h = 2, s = 2, n = 13, g = 0.05101, r = 0.01.
The first installment is calculated as d = 1473.43 by using Equation-8b. The installment plan
is given in Table 2.
Table 2. The installment plan for Example-2

Months

Installments

The remaining
amount of

Months

Installments

the debt ($)
0

275

The remaining
amount of
the debt ($)

13000

7

1548.59

6179.17

1

1473.43

11656.57

8

1548.59

4692.37

2

1473.43

10299.71

9

0

4739.30

3

1473.43

8929.27

10

0

4786.69

4

0

9018.57

11

1627.58

3206.98

5

0

9108.75

12

1627.58

1611.47

6

1548.59

7651.25

13

1627.58

0

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

3. A LOAN REPAYMENT MODEL WHICH HAS RHYTMIC SKIPS WITH
CONSTANT INSTALLMENTS
A loan repayment model which has rhythmic skips with split geometric alternating
installment series becomes a loan repayment model which has rhythmic skips with constant
installments when g=0. Therefore, the equations (7a) and (8a) transform equations (9) and
(10), respectively.

p
d







d 1  R  f R  f  h s 1  1
r R  f  h   1










(9)

rp R   f  h   1
1  R  f R  f  h s 1  1





(10)

3.1. Example-3
A car with the cash value of $ 8000 has been bought with the following conditions: There will
be 1 month skip after 3 monthly installments and the loan will be paid within 15 months with
constant repayments. Compute the monthly installments when the monthly interest rate is
0.9%.
The problem data: p = 8000, f = 3, h = 1, s = 3, n = 15, r = 0.009.
The first installment is calculated as d = 715.61 by using Equation-10. The installment plan is
given in Table 3.
Table 3. The installment plan for Example-3

Months

Installments

The remaining
amount of

Months

Installments

the debt ($)
0

276

The remaining
amount of
the debt ($)

8000

8

0

4143.31

1

715.61

7356.39

9

715.61

3464.99

2

715.61

6706.99

10

715.61

2780.56

3

715.61

6051.74

11

715.61

2089.98

4

0

6106.21

12

0

2108.79

5

715.61

5445.55

13

715.61

1412.16

6

715.61

4778.95

14

715.61

709.26

7

715.61

4106.35

15

715.61

0

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo

4. CONCLUSION
The problem of repayment installments of a loan is based on the present value of the debt to
be equal the net present value of debt repayments. The difference between loan repayment
models is due to the alternation of distribution of installments. The most known and used loan
repayment models are models with constant, geometric alternating and arithmetic alternating
installment series. It can be convenient for customers not to make installments in some
periods because of income variability over time. Using this idea, models with arbitrary skips
are studied by Formato (1992), Moon (1994), Eroglu (2001), and Eroglu and Karaoz (2002).
It is very important for financial institutions increase in the number of loan repayment models
in terms of reaching more customers.
In this study, loan repayment models with skips have some rules (such as repayments for
three months after two month skips) instead of installments with arbitrary skips are studied.
General formulae are derived for the models have rhythmic skip installments with constant
and split geometric alternations, and demonstrated with examples.

REFERENCES
Eroglu, A. (2000). Solutions to the problems of loan repayment installments. Suleyman
Demirel University, The Journal of Faculty of Economics and Administrative Sciences, 5(1),
87-102, (in Turkish).
Eroglu, A., (2001). Solutions to problems of skip loan repayments with repayment of partial
geometric and arithmetic alternating installments. Dumlupinar University, The Journal of
Social Sciences, 5, 297-307, (in Turkish).
Eroglu, A., Karaoz, M., (2002). Generalized formula for the periodic linear gradient series
payment in a skip payment loan with arbitrary skips. The Engineering Economist, 47(1), 7583.
Formato, R.A., (1992). Generalized formula for the periodic payment in a skip payment loan
with arbitrary skips. The Engineering Economist, 37(4), 355-359.
Iscil, N., (1997). Commercial Arithmetic and Financial Algebra, Ankara, Armagan Yayınevi
(in Turkish).
Moon, I., (1994). Generalized formula for the periodic geometric gradient series payment in a
skip payment loan with arbitrary skips. The Engineering Economist, 39(2), 177-185.
APPENDICES
s

Lk 1

s

p    d kj R  j  
k 0 j  M k

277

k 0

s
s 
  k  f h 1   R  f  1 R  
 k k  f  h  f  j 
k
j
k
dG
R

d
G
R

d
G
 R

 






1

j  k  f  h  1
k 0 
j  k  f  h  1
k

0
 

 R  1  
k  f  h  f

�3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo



dRR 1  R  f  1
r

 GR
s

 f  h 

k 0



k





 f  h 
 1
d 1  R  f   GR



 f h
r
 GR    1 


s 1

and

d





rp GR  f  h  1

1  R  GR
f

  f  h  s 1

 1

The effects of work motivation in quality of work life and
A study on banking sector

Esra Zeynel
Süleyman Demirel University, Social Science Institution, Business Administration Doctoral
Programme, Isparta

Abstract
In terms of Suistainable development, in countries, the success and effectiveness of
instuitaions is quite important. One of the most important elements of providing success and
effectiveness of institutions that have the human resources is working effectively and
efficiently. In this respect, “motivation” is one of the most important factors in raising the
quality of work life in the institutions, employee productivity, the contribution of the
institution, and the sense of belonging in the institution. Motivation plays an important role in
business life. Motivation by definition means that the individual actuating motive. In the
business life, motivation, increase the concern of the employee's job, and as a result of raising
the quality of work life is an important factor that increase business efficiency. The higher
motivation increases the contribution of the institution by raising the productivity of the
employee. High rate of success of the organization by increasing employee motivation
provided by the institution will contribute to the country's economy. This aspects, in order to
take advantage of the present institutions active human sources,making efforts to enhance the
motivation of employees in achieving organizational effectiveness and efficiency and provide
the employees' job satisfaction. Happy and productive working lifes of employees in having a
sense of belonging in the institution can be used effectively in improving the motivation
factor is the result.This study measured the effect of bank employees, the care component of
motivation in raising the quality of work life survey was applied on the bank employees. In
this study, a survey was applied on bank employee in terms of assessment of the effect of
motivation in the raising the quality of work life of bank employee. Importance of motivation
arises in this sector. The higher motivation increases the productivity of employee,
278

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                <text>A Loan Payment Model with Rhythmic Skips</text>
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                <text>Repayments of loans granted by banks to customers are usually in equal installments. The  general formulae of the amount of financial installment, the number of installment, the  interest rate of installments, etc. could be derived as considering the sum of present value of  repayments made by the customer (installments) to be equal to the present value of the loan.  Presenting the different options instead of only fixed installments to customers for repayments  of loan installments is very important in terms of reaching more customers. Customers could  have some difficulties to pay the loan due to the increased costs in some periods. Therefore,  repayments could not be done in these periods. This situation was addressed by Formato  (1992) first time and it was called as skip loan payment model.  Formato's (1992) model is improved by Moon as a repayment installments model in a  geometric-gradient series. Eroglu and Karaoz (2002) extended Formato's result to the case  that periodic payments occur in a linear-gradient series. In this study, general formulae are  derived for loan payment models including rhythmic skips with split geometric constant and  alternating installments instead of random skips with geometric constant and alternating  installments. Examples of the developed model are provided for better understanding and for  future research areas. Since prospective customers of financing institutions demand more  alternatives for payment plans for their loans, financing institutions need different installment  plans. Therefore, it is expected that one of those alternatives would be in this study.  Keywords: Loan payment, Rhythmic skips, Split geometric constant, Installments, Formato</text>
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                <text>Technology is currently driving a profound transformation of the learning industry. In response to the growing demand for education in the knowledge based economy, universities and colleges are offering thousands of online courses, thus changing the traditional classroom-based methods of teaching and learning. Researchers and practitioners are predicting that the current trend will continue. However, while many institutions are developing and using web-based courses, little is known about their value in improving the quality of students’ learning experience.     An electronic or e-learning environment is usually defined as a computer-based environment that provides access to a wide range of resources and allows interactions and encounters among participants. Essentially, e-learning combines the individualised learning experience with the communication dimension. Learners can access and utilise different available materials and follow different paths to them depending on their inquiry styles. They can also interact and discuss electronically with other learners and instructors. Typically, on-line environments support learner-centred, modularised and self-paced learning.    Some researchers suggest that technology-mediated learning environments may improve students’ achievement, their attitudes toward learning, and their evaluation of the learning experience. Others warn that technology-mediated learning environments may lead to the student feelings of isolation, frustration, anxiety and confusion. The goal of this study is to examine the issue in the context of foreign language learning.     An integrated KM framework was used as a theoretical basis for modelling an “ideal” e-learning space for foreign language students. The model was tested among undergraduate students enrolled in English language study programmes. The participants were interviewed about their preferences for different model features, content and tools in supporting their learning experience. Individual responses were encoded and grouped into classes. The results provide some interesting insights into the potential and limitations of information technology in language learning.  </text>
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