Browse
Recent Submissions
- ItemAPPLICATION OF QUEUING THEORY IN THE EFFECTIVE MANAGEMENT OF TIME IN MONEY DEPOSIT BANKS-A STUDY OF GHANA COMMERCIAL BANK IN OBUASI MUNICIPAL(KNUST, 2019-05-22) Fiele Abudu SulemanWaiting for services is a phenomenon in Ghana. We wait to eat in restaurants, we queue to board buses, we line up for service in post o_ce and in banks either to deposit or withdraw money. The waiting phenomenon is not an experience limited to human beings only but objects too. Jobs wait to be processed on a machine, planes circle in stack before getting permission to land at an airport and cars stop at traffic lights waiting for their turn. Waiting cannot be elimi- nated entirely without incurring inordinate expenses and the goal is to reduce its adverse impact to a tolerable levels. The objective of this study is to use already available systems to identify and also make known the effects and rami_cations of keeping customers waiting in the queue and also the cost banks had to bear if idle facilities are not put into good use, with special emphasis on Obuasi branch of GCB. The queuing char- acteristics at the bank were analyzed using a Multi-server single-queue Model to achieve this major objective. Data for this study was collected by direct obser- vation with the help of research assistants, a stop watch to record the number of hours/minutes spent by each customer at the bank. The data collected from the bank showed that 28th of June, from an hour of 9:30am-10:30am recorded the highest number of customers in the waiting line(113) whiles the least num- ber of customers (17) in the waiting line was recorded on 18th of July hour of 9:00am-10:00am. customers had to wait an average of 0.0165 hours in the queue and 0.0183 hours in the system before leaving the bank. We _nally suggested that, queuing theory is worth studying; the _ndings of it can be used by managers of banks to determine and install the optimum service facilities or in other words put in place the appropriate technologies to help deal with long queues in their banks.
- ItemEffect of traditional processing of hausa koko (millet porridge) and ekoegbeme (cooked dehulled maize grits) on aflatoxins.(KNUST, 2019-06) Ankomah, AlbertAflatoxin is produced as secondary metabolites by fungi Aspergillus flavus, A.parasiticus and A. nominusmoulds. These fungi grow on various crop such as nuts, maize, millet and other grains. Chronic dietary ingestion of low dose of aflatoxin is a risk factor for liver cancer, however ingestion of high doses of aflatoxin contaminated food can result in aflatoxicosis with symptoms including vomiting, abdominal pains and jaundice. This study was aimed at investigating the effect of traditional processes of Hausa koko (millet porridge) and “ekoegbeme" (cooked dehulled maize grit) on aflatoxin. The level of aflatoxin G1, G2, B1, B2 and total aflatoxins were measured at the end of the various processing stages of each food product by HPLC method. The processing stage that produced significant reduction was identified by using ANOVA. Overall, processing of “ekoegbeme” resulted in more aflatoxin B1 and total aflatoxin reduction than the processes involved in preparing Hausa koko. Fermentation of millet during Hausa koko processing resulted in 13.97 % and 4.82 % reduction in aflatoxin B2 and B1 respectively with total aflatoxin reduction of 4.9% while cooking of the fermented filtrate to Hausa koko resulted in 0.70 % and 1.85 % reduction in aflatoxin B2 and B1 respectively as well as 1.49 % reduction in total aflatoxin. However the steeping of the millet caused an increase of 11.88% and 7.67% in the aflatoxin B1 and total aflatoxin respectively. The dehulling of the maize during preparation of ekoegbeme resulted in 100% reduction in aflatoxins while cooking of the maize resulted in 11.52 % reduction in total aflatoxin as well as 5.95 %, 3.97 %, 41.53 % reduction in aflatoxin B1, B2 and G1 respectively. There was no aflatoxin G2 detected in the maize and millet samples used for the investigations.
- ItemEstimating actuarial present value factors for annuity business using a non-parametric graduation approach(KNUST, 2019-06) Owusu, Derrick AsamoahAbstract Ensuring income security after retirement has been an issue troubling many countries. Over the years, several attempts have been made to improve upon pensions of retirees. A typical example is the introduction of the new pension scheme in Ghana. Yet, pensioners are still faced with the problem of nding an investment with a guaranteed payout for their pensions. To this end, the use of life annuities is proposed as a solution since life annuities have been touted to ensure a guaranteed payout. However, it is unfortunate to note that not only does Ghana lack a ready annuity market, the country also does not have a standard mortality table to undertake such annuity operations. Hence, in this study, the modi ed actuarial exposure method was applied to a pension scheme data in Ghana to estimate the crude mortality rates. The Whittaker-Henderson and the modi ed Whittaker-Henderson graduation methods were then applied to the estimated crude mortality rates to achieve a smooth and increasing progression of mortality rates with age. The Generalized Cross-Validation (GCV) method was then applied to obtain a suitable smoothing parameter, h at each order of di erencing, z that minimized the GCV score. The optimal set of graduated mortality rates with desirable features was produced by the Whittaker-Henderson method at z = 3 and h = 100. The selected graduated mortality rates were further used to compute life expectancy. Finally, annuity tables were developed from the estimated Actuarial Present Value (APV) factors to be used in pricing the annuity products.
- ItemSyntheses And Characterization Of Bismuth And Lead Chalcogenides And Their Ternary Alloys From Single Source Precursors(KNUST, 2018-07) Selina Ama SaahThis research describes the syntheses and characterization of lead and bismuth chalcogenide nanoparticles and thin films from single source precursors. The single source precursors used were dithiocarbonates, dithio- and diselenoureas, and dithiocarbamates. These precursors were characterized using micro-elemental analyses, thermogravimetric analyses, infrared spectroscopy, nuclear magnetic resonance spectrometry and mass spectrometry. The single crystal structures of bismuth ethyl xanthate and its 1, 10 phenanthroline adduct were determined. The complexes were used for the syntheses of nanoparticles using the hot injection and thin films using the spin coating technique. The as-synthesized nanoparticles and thin films were characterized by X-ray diffraction, scanning electron microscopy, transmission electron microscopy, inductively coupled plasma, energy dispersive X-ray spectroscopy and absorption measurements. Optical band gaps were estimated from the absorption data using Tauc’s plots. For the PbS thin films from lead dithiocarbonates, the effect of the alkyl chain length on the morphology and size of the nanocrystals were investigated. There was a change in morphology from cubes to fibrous structures as the alkyl chain changed from ethyl to dodecyl, thus confirming the anisotropic nature of PbS. SEM analyses of Bi2S3 thin films also showed a change in shape from nanowires of the bismuth ethyl xanthate to clusters of nanorods (triethylamine, pyridine) and nanodots (1,10 phenanthroline) depending on the choice of nitrogen adduct. Ternary PbSxSe(1-x) thin films deposited from lead xanthate and lead selenourea showed a gradual shift in p-XRD pattern to lower 2 theta values as the mole fraction of the lead selenourea complex in the coating mixture changed from 0 to 1 at an interval of 0.1. Estimated optical band gaps for the parent binaries (PbS and PbSe) and their ternary alloys (PbSxSe(1-x)) were all blue shifted from their respective bulk materials. PbSxSe(1-x) nanoparticles synthesized from lead thio- and selenourea complexes also exhibited a similar trend in both p-XRD and optical band gap. EDX analyses confirmed the presence of Pb, S and Se in all the PbSxSe(1-x) alloys formed at different atomic percentages depending on the ratios of the starting materials. The effects of different concentrations of Bi doping on the optical and structural properties of PbS nanoparticles have been investigated. Morphological studies showed cubes at 50% Bi doping suggesting the incorporation of the Bi atoms into the crystal lattice of the PbS nanoparticles. However, an interplay between rods and cubes were seen at 80% Bi doping. The estimated band gaps for PbS and Bi2S3 were 0.72 and 1.94 eV respectively with the alloy having band gaps in between the two binaries.
- ItemA Modal Approach To Price An Option In Continuous Time(KNUST, 2018) Osei AntwiAverage value options or Asian options have been priced using geometric and arithmetic averages of the underlying asset. However, these methods do not give accurate results especially in very low volatility regimes. In this study, we develop a new option pricing model based on the modal average of the underlying asset to price options. Using data from the NASDAQ in the United States of America we use the proposed model to price options sold on some stocks listed on the exchanges using software. The results consistently showed that for volatilities less than 3% of the underlying asset, the modal average option pricing model gives a better option price when compared to existing average option pricing models. Moreover, the modal average consistently does better at all levels of volatility when compared to the Black-Scholes model. We further proved analytically that the modal average model indeed does better than the geometric or arithmetic average models especially for low volatility stocks.