Sample records for conduit financing arrangements

  1. 76 FR 76895 - Conduit Financing Arrangements


    ... TD 8611 (1995-37 IRB 20; 60 FR 40997). On December 22, 2008, the Treasury Department and the IRS published in the Federal Register (73 FR 246) a notice of proposed rulemaking (REG-113462-08) that proposed... Internal Revenue Service 26 CFR Part 1 RIN 1545-BH77 Conduit Financing Arrangements AGENCY:...

  2. 26 CFR 1.881-3 - Conduit financing arrangements.


    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Conduit financing arrangements. 1.881-3 Section... (CONTINUED) INCOME TAXES Foreign Corporations § 1.881-3 Conduit financing arrangements. (a) General rules and... or more intermediate entities in a financing arrangement where such entities are acting as...

  3. 26 CFR 1.7701(l)-1 - Conduit financing arrangements.


    ... 26 Internal Revenue 13 2010-04-01 2010-04-01 false Conduit financing arrangements. 1.7701(l)-1 Section 1.7701(l)-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES General Actuarial Valuations § 1.7701(l)-1 Conduit...

  4. 26 CFR 1.881-4 - Recordkeeping requirements concerning conduit financing arrangements.


    ... financing arrangements. 1.881-4 Section 1.881-4 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE... requirements concerning conduit financing arrangements. (a) Scope. This section provides rules for the maintenance of records concerning certain financing arrangements to which the provisions of § 1.881-3...

  5. Arrangement of heat conduits

    Two conventional heat conducting systems are combined end to end in opposition, one end of the arrangement being exposed and sensitive to the temperature of one environment or object being monitored, whilst the heat furnished at the other end is intentionally controlled. The condensation sections adjacent to the respective heat conduits combine to form a common condensation area that is in turn coupled to an appropriate thermal dissipator. The temperature of the monitored end and that of the controlled end of the heat conducting arrangement each produce a vaporisation of the working fluid resulting in a flow of the respective vaporised fluids moving in opposite directions and which meet in the end to form an interaction interface in the common condensation area. The position of this interaction interface depends on the steam pressure in the respective heat conduits. These pressures depend in turn on the respective temperatures and thermal powers of the sources at the controlled and monitored ends of the heat conducting arrangement. This arrangement of heat conduits can be employed as a heat valve or heat bridge

  6. Optimization of lamp arrangement in a closed-conduit UV reactor based on a genetic algorithm.

    Sultan, Tipu; Ahmad, Zeshan; Cho, Jinsoo


    The choice for the arrangement of the UV lamps in a closed-conduit ultraviolet (CCUV) reactor significantly affects the performance. However, a systematic methodology for the optimal lamp arrangement within the chamber of the CCUV reactor is not well established in the literature. In this research work, we propose a viable systematic methodology for the lamp arrangement based on a genetic algorithm (GA). In addition, we analyze the impacts of the diameter, angle, and symmetry of the lamp arrangement on the reduction equivalent dose (RED). The results are compared based on the simulated RED values and evaluated using the computational fluid dynamics simulations software ANSYS FLUENT. The fluence rate was calculated using commercial software UVCalc3D, and the GA-based lamp arrangement optimization was achieved using MATLAB. The simulation results provide detailed information about the GA-based methodology for the lamp arrangement, the pathogen transport, and the simulated RED values. A significant increase in the RED values was achieved by using the GA-based lamp arrangement methodology. This increase in RED value was highest for the asymmetric lamp arrangement within the chamber of the CCUV reactor. These results demonstrate that the proposed GA-based methodology for symmetric and asymmetric lamp arrangement provides a viable technical solution to the design and optimization of the CCUV reactor. PMID:27191576

  7. Financing arrangements for nuclear power projects in developing countries

    This reference book reviews the main features and problems or difficulties involved in the financing of nuclear power projects with special reference to developing countries. It provides basic information and advice to developing countries interested in nuclear power projects as part of their power sector planning. The book outlines the general characteristics of financing a nuclear power project and presents innovative approaches for power generation financing. It discusses the special conditions and requirements of nuclear power projects and their financing complexities. The focus is on the practical issues that need to be dealt with in order to successfully finance these power projects, as well as the constraints faced by most developing countries. Possible ways and means of dealing with these constraints are presented. 58 refs, figs and tabs

  8. Summary of a reference book on financing arrangements for nuclear power projects in developing countries

    The IAEA has recently published a reference book entitled Financing Arrangements for Nuclear Power Projects in Developing Countries (Technical Reports Series No. 353). The book reviews comprehensively the main features and problems concerning the financing of such projects in developing countries and presents innovative approaches for power generation financing. It also discusses the special conditions and requirements of nuclear power projects and the complexities of their financing, focusing on the practical issues to be dealt with to achieve successful financing, as well as the constraints encountered by most developing countries. This booklet summarizes the important features of the financing arrangements discussed in the reference book and was prepared with the aim of widely disseminating the results

  9. Financing arrangements for nuclear power projects - past and present experience and future expectations

    The intent of the author of the present paper is to demonstrate, in a practical manner, the role of the past experience and the new approaches of the nuclear projects financing, especially as nuclear generation financing in developing countries involves complex issues that need to be fully understood and dealt with by all the parties involved, namely: high investment costs, generally long construction periods, a high degree of uncertainty with respect to costs and schedule and to public acceptance, particularly because of safety, waste disposal and non-proliferation issues. Moreover, as many associations whose activities consist of ensuring and facilitating at different levels the exchange of knowledge between generations, i.e.: European Nuclear Society (ENS) Young Generation, North American Young Generation in Nuclear (NA-YGN), the goal of the paper is also to outline the importance of the education in nuclear field, i.e. training a young team of specialists to be ready to take over the movement and responsibility in continuing the further development of nuclear program in Romania, mainly with view to the Financing Arrangements for Nuclear Power Projects. The first part of the paper is referring to general financing procedures, while the second part is focusing on a case study related to the: past experience the financing scheme of Cernavoda NPP Unit 1, present or actual experience ongoing financing issues for Cernavoda NPP Unit 2 and potential future shared contribution to the financing of the next Cernavoda NPP units.(author)

  10. 26 CFR 1.7701(l)-3 - Recharacterizing financing arrangements involving fast-pay stock.


    ..., DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES General Actuarial Valuations § 1... paragraph (c)(2)(ii) of this section) by the amount (if any) that— (A) Its income attributable to the...) and by treating the financing instruments as debt; exceeds (B) Its income attributable to such...

  11. Financing arrangements for nuclear power projects - Past and present experience, future expectations

    Nuclear energy is a clean, safe, and economical industrial electricity source, with many environmental benefits. It does not emit greenhouse gases that contribute to climate change, or combustion by-products and acid gases that cause air, water resource and land pollution. Nuclear energy has also many benefits in the areas of medicine, industry, agriculture, and research. Moreover, the results are revealing. Over the past 12 years, from 1900 to 2002, the global 'energy availability factor' - representing the percentage of time that nuclear power plants worldwide were up and running - increased from 72.9% to 83.4%. At the same time, based on statistics gathered by the World Association of Nuclear Operators - WANO, the number of industrial accidents has gone down, radiation exposure has dropped sharply and the annual volume of radioactive waste produced has been reduced substantially. In other words, the safety, performance and economic competitiveness of the nuclear industry are at an all time high, reflecting a mature and vibrant enterprise. These are several reasons why a prospective host nation and other nations around the world may be attracted by nuclear power generation. Nuclear power can be and has been financed by world capital markets. The crucial question is whether host governments and interested utilities are willing to take the steps required to attract investment with reasonable assurance of success, and whether the nuclear industry is willing and able to become competitive in increasingly deregulated financial and electricity markets. The present paper will have the following structure: the first part will refer to general financing guidelines, and the second part will present a case study. The latter will treat the past experience as provided by the financing scheme of Cernavoda NPP Unit 1, the present experience, i.e. ongoing financing issues for Cernavoda NPP Unit 2 and potential future shared contribution to financing Cernavoda NPP Unit 3, 4 and 5. (authors)

  12. Finance.

    MacPhail-Wilcox, Bettye; Beezer, Bruce

    In 1988, there were two United States Supreme Court decisions regarding school finance. One decision upheld the constitutionality of a North Dakota statute regarding transportation fees, and the other decision ruled that interest from state and local government bearer bonds was subject to federal income taxation. Cases discussed in this chapter

  13. Finance.

    Alexander, Kern

    Patterns that emerged from reviewing syllabi for 12 courses on higher education finance are discussed. The prevailing purpose of the course appeared to be to provide an introduction to fiscal problems and issues in higher education. Some courses did, however, go beyond the introductory stages to analyze the economics of higher education. Most…

  14. Finance

    Spremann, Klaus


    Bisher veröffentlicht unter dem Titel: "Modern Finance" Das Buch beinhaltet ebenso einige Portraits: Die didaktische Erfahrung lehrt, dass man sich wissenschaftliche Ergebnisse und Ansätze besser merken kann, wenn eine Assoziation zu jener Person bildlich konkret wird, der wir den betreffenden Denkansatz verdanken. Aus Fragen der Finanzierung und der Investitionsentscheidungen von Unternehmen ist in der Verschmelzung mit der Analyse von Kapitalmärkten ein grosses Gebiet entstanden, da...

  15. Contractual arrangements

    Conceptually there are a number of different contract models from which a country can select the most suitable for its social, political and economic requirements. These include: 1) the traditional concession, 2) production sharing contracts, 3) service contracts, and 4) equity sharing contracts, i.e. joint ventures. The joint venture arrangement, as it is most commonly used in uranium exploration and mining, is discussed in light of national objectives; geological and technical aspects; infrastructural aspects; and economic aspects. Topics covered include: the exploration phases; the exploration license; exploration area; minimum exploration commitment; host country investor relationship; financing of exploration expenditures; minerals other than uranium; feasibility studies; taxation and levies; and termination of the agreement. During the production phase consideration must be given to such aspects as: The operating company; participation ratio; financing of the participation share; export of production; fiscal regime; imports of goods and services; training of local personnel; provision of support by the host country; assignment of rights; duration of contract; disputes and arbitration procedures; decisions making; transfer of technology; safety; environmental protection and compensation; and restoration of sites. These considerations are all discussed, particularly in regard to the joint venture agreement. The paper emphasises the need, in a successful agreement, for openness and understanding between the parties. No agreement can cover every possible subject that can become a source of disagreement. Only by a sympathetic understanding of each others position and needs can a joint project be successful. (author). 11 refs

  16. Transverse colon conduit diversion

    The versatility and other advantages of the transverse colon conduit for urinary diversion have been described and implemented in 50 patients. Because most patients considered for this procedure will be at high risk because of a history of significant pelvic irradiation, underlying malignancy, poor renal function, fistula, and so forth, the technical details of surgery and patient selection cannot be minimized. The transverse colon segment is indicated for primary supravesical diversion as well as for salvage of problems related to ileal conduits. Adenocarcinoma of the colon is an unlikely long-term complication of this form of diversion because the fecal stream is absent. Now that the transverse colon conduit has been used for more than 10 years, meaningful comparisons with ileal segments should soon be available

  17. Mixing in plume conduits

    Bichert-Toft, J.; Albarede, F.


    The radial model of plume conduits (Hauri et al., 1996; Bryce et al., 2005) predicts that vertical concentric sheaths of variable compositions control the geochemical properties of volcanoes overriding hotspots. A variant of this model was proposed by Eisele et al. (2003) and Abouchami et al. (2005), who described a plume conduit as composed of long filaments representing heterogeneities present in the lower mantle and sheared during upwelling by radial velocity gradients. These two groups of models share their emphasis on the dominantly lateral character of heterogeneities. Blichert-Toft et al. (2003) pointed out that the vertical component of heterogeneities should not be neglected and considered an alternative extreme model of plug flow. Here we re-examine the basic physics of flow and show that vertical heterogeneity `trains' should be dominant. We first consider an axi-symmetric plume with homogeneous rheological properties assuming that temperature is decreasing and therefore viscosity increasing radially outwards. The physics of the flow in such a plume was described by Olson et al. (1993) and its geometry is known as poloidal. In the core of the conduit, the flow rate is maximum (high temperature, high buoyancy, low viscosity) and the rate of shear is minimum (the velocity gradient vanishes in the center), and therefore the vertical stretching of heterogeneities is minimal. Because of the temperature-dependent viscosity, the flow rate drops rapidly at some distance from the core: this is where the velocity gradient is maximum. Along this apparent discontinuity, the rate of shear is maximum, but the flow rate is much smaller than in the core. The trade-off between shear and flow rate requires that plume flow is dominated by the core of the conduit, which transports deep-seated heterogeneities with little shear, whereas the sheared, geochemically heterogeneous outer layers lag behind. We then considered the effect of objects in the plume conduit with different rheologies such as bodies of pyroxenite. Hard nuggets add a strong toroidal component to the velocity field because the flow lines wrap around the petrological obstacles. Such a component is known to be critical to mixing behavior. The nuggets also enhance flow instabilities because viscous drag exerts a lift effect on heterogeneities, which then wobble in the flow field. However paradoxical, the petrological heterogeneity of the plume source promotes vigorous mixing within the plume conduit, which is consistent with the long-term isotopic homogeneity observed in Hawaiian volcanoes at the shield stage. We thus reiterate Blichert-Toft et al.'s (2003) statement that long-wavelength vertical heterogeneity trains dominate the geochemical variability of hotspot volcanoes.

  18. Seal between metal and ceramic conduits

    Underwood, Richard Paul; Tentarelli, Stephen Clyde


    A seal between a ceramic conduit and a metal conduit of an ion transport membrane device consisting of a sealing surface of ceramic conduit, a sealing surface of ceramic conduit, a single gasket body, and a single compliant interlayer.

  19. New Issues in Corporate Finance

    Mayer, Colin


    Flow of funds data are used to compare methods of financing the corporate sector in five countries over the period 1970-85. Many of the problems associated with previous studies of corporate finance are avoided by defining financing proportions in net terms. The degree of consolidation of accounts, reciprocal arrangements between borrowers and lenders, and compensating deposit requirements on borrowers no longer distort financing patterns when net financing is the focus. Corrections for infla...

  20. Solar thermal financing guidebook

    Williams, T.A.; Cole, R.J.; Brown, D.R.; Dirks, J.A.; Edelhertz, H.; Holmlund, I.; Malhotra, S.; Smith, S.A.; Sommers, P.; Willke, T.L.


    This guidebook contains information on alternative financing methods that could be used to develop solar thermal systems. The financing arrangements discussed include several lease alternatives, joint venture financing, R and D partnerships, industrial revenue bonds, and ordinary sales. In many situations, alternative financing arrangements can significantly enhance the economic attractiveness of solar thermal investments by providing a means to efficiently allocate elements of risk, return on investment, required capital investment, and tax benefits. A net present value approach is an appropriate method that can be used to investigate the economic attractiveness of alternative financing methods. Although other methods are applicable, the net present value approach has advantages of accounting for the time value of money, yielding a single valued solution to the financial analysis, focusing attention on the opportunity cost of capital, and being a commonly understood concept that is relatively simple to apply. A personal computer model for quickly assessing the present value of investments in solar thermal plants with alternative financing methods is presented in this guidebook. General types of financing arrangements that may be desirable for an individual can be chosen based on an assessment of his goals in investing in solar thermal systems and knowledge of the individual's tax situation. Once general financing arrangements have been selected, a screening analysis can quickly determine if the solar investment is worthy of detailed study.

  1. Conduit Coating Abrasion Testing

    Sullivan, Mary K.


    During my summer internship at NASA I have been working alongside the team members of the RESTORE project. Engineers working on the RESTORE project are creating ·a device that can go into space and service satellites that no longer work due to gas shortage or other technical difficulties. In order to complete the task of refueling the satellite a hose needs to be used and covered with a material that can withstand effects of space. The conduit coating abrasion test will help the researchers figure out what type of thermal coating to use on the hose that will be refueling the satellites. The objective of the project is to determine whether or not the conduit coating will withstand the effects of space. For the RESTORE project I will help with various aspects of the testing that needed to be done in order to determine which type of conduit should be used for refueling the satellite. During my time on the project I will be assisting with wiring a relay board that connected to the test set up by soldering, configuring wires and testing for continuity. Prior to the testing I will work on creating the testing site and help write the procedure for the test. The testing will take place over a span of two weeks and lead to an informative conclusion. Working alongside various RESTORE team members I will assist with the project's documentation and records. All in all, throughout my internship at NASA I hope to learn a number of valuable skills and be a part of a hard working team of engineers.

  2. Conduit coupling assembly

    A conduit coupling assembly for coupling pipes with an interposed seal has a first part for receiving a pipe and is in splined engagement with a bush fixed to a pipe. A second part having radial fingers so that it can be turned by a manipulator, has a threaded engagement with the first part which is the same hand but different pitch to a threaded engagement between the second part and the bush. Pitches of 8:7 for couplings will give a mechanical advantage of 56:1 thus reducing the force needed to obtain a given axial movement of the bush and thus of the pipe and compression of the seal. (author)

  3. A foil shielded flexible conduit

    A foil shielded flexible conduit is described that is suitable for withstanding electromagnetic interference and electromagnetic pulses and may be employed in a nuclear reactor environment. Previous attempts to manufacture such conduits have all suffered from an insufficient degree of flexibility to allow suitable installation and have been liable to breakdown in service. (U.K.)

  4. Centrifuges, centrifuge plants and flow control arrangements therefor

    A gas centrifuge with flow control arrangement and a centrifuge plant are claimed. The centrifuge comprises a rotor mounted in a housing, a feed line, a line for separated product and a tails line for depleted gas. There is a flow control arrangement in one or more of these lines. The centrifuge plant comprises a plurality of separative units arranged in stages of differing enrichment of product. The flow control arrangement comprises a conduit sealable by a flap adapted to block the conduit when abnormal gas flow occurs

  5. The Role of Project Finance in Contemporary Financing: “Theoretical Perspective”

    John K.M. Mawutor; Obeng Kwadwo


    Funding projects through Project Finance arrangements in contemporary Economic and Corporate and economic governance has become the catalyst for developing capital intensive projects in most Organizations and Nations. Unlike corporate finance, project finance is a non-recourse debt that is financed through cash generated from the project. This paper examined the increasing reliance on project finance in recent times by assessing its merits over traditional corporate financing and described th...

  6. 48 CFR 32.114 - Unusual contract financing.


    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Unusual contract financing... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.114 Unusual contract financing. Any contract financing arrangement that deviates from this part is unusual contract...

  7. 48 CFR 1332.114 - Unusual contract financing.


    ... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Unusual contract financing... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 1332.114 Unusual contract financing. The designee authorized to approve unusual contract financing arrangements is set forth in...




    The generic term of finance comprises a multitude of practical forms, apparently different not only from the targeted purpose, but also by the way of creating and using of the funds. However, finance is divided in two main forms: public finance and private finance. The public finance is trying to satisfy the common needs of the entire community which is administered by the constituted authority, while the private finance refers to the needs of a much more restrained community constituted thro...

  9. Urinary conduits in gynecologic oncology

    Over an 11-year period (1971 to 1981), 212 urinary conduit surgeries were performed by the Department of Gynecology at the University of Texas, M. D. Anderson Hospital and Tumor Institute at Houston. The urinary diversions were performed as part of the pelvic exenteration operation in 154 patients, for radiation injury in 48 patients, and for palliation of disease recurrence in ten patients. Ninety-three percent had prior pelvic radiotherapy. Various segments of the gastrointestinal tract were used, including the ileum (102), sigmoid colon (99), transverse colon (four), jejunum (four), and others (three). Fifty percent of abnormal preoperative intravenous pyelograms reverted to normal after urinary diversion. Revision of the stoma was required in 6%. Other complications included infection (18%), renal loss (17%), and urinary leaks and fistulae (3%). The overall perioperative mortality was 7%, decreasing from 11% in the first five years to 3% during the last six years. Ureteral stents were routinely used. When selecting a segment of bowel for a urinary conduit, both tissue quality and mobility are important. Mortality and morbidity of urinary conduit surgery continues to decrease with experience

  10. Behavioralizing Finance

    Shefrin, Hersh


    Finance is in the midst of a paradigm shift, from a neoclassical based framework to a psychologically based framework. Behavioral finance is the application of psychology to financial decision making and financial markets. Behavioralizing finance is the process of replacing neoclassical assumptions with behavioral counterparts. This monograph surveys the literature in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions for behav...

  11. Peripheral nerve conduits: technology update

    Arslantunali D


    Full Text Available D Arslantunali,1–3,* T Dursun,1,2,* D Yucel,1,4,5 N Hasirci,1,2,6 V Hasirci,1,2,7 1BIOMATEN, Center of Excellence in Biomaterials and Tissue Engineering, Middle East Technical University (METU, Ankara, Turkey; 2Department of Biotechnology, METU, Ankara, Turkey; 3Department of Bioengineering, Gumushane University, Gumushane, Turkey; 4Faculty of Engineering, Department of Medical Engineering, Acibadem University, Istanbul, Turkey; 5School of Medicine, Department of Histology and Embryology, Acibadem University, Istanbul, Turkey; 6Department of Chemistry, Faculty of Arts and Sciences, METU, Ankara, Turkey; 7Department of Biological Sciences, Faculty of Arts and Sciences, METU, Ankara, Turkey *These authors have contributed equally to this work Abstract: Peripheral nerve injury is a worldwide clinical problem which could lead to loss of neuronal communication along sensory and motor nerves between the central nervous system (CNS and the peripheral organs and impairs the quality of life of a patient. The primary requirement for the treatment of complete lesions is a tension-free, end-to-end repair. When end-to-end repair is not possible, peripheral nerve grafts or nerve conduits are used. The limited availability of autografts, and drawbacks of the allografts and xenografts like immunological reactions, forced the researchers to investigate and develop alternative approaches, mainly nerve conduits. In this review, recent information on the various types of conduit materials (made of biological and synthetic polymers and designs (tubular, fibrous, and matrix type are being presented. Keywords: peripheral nerve injury, natural biomaterials, synthetic biomaterials

  12. Project financing

    Project financing was defined ('where a lender to a specific project has recourse only to the cash flow and assets of that project for repayment and security respectively') and its attributes were described. Project financing was said to be particularly well suited to power, pipeline, mining, telecommunications, petro-chemicals, road construction, and oil and gas projects, i.e. large infrastructure projects that are difficult to fund on-balance sheet, where the risk profile of a project does not fit the corporation's risk appetite, or where higher leverage is required. Sources of project financing were identified. The need to analyze and mitigate risks, and being aware that lenders always take a conservative view and gravitate towards the lowest common denominator, were considered the key to success in obtaining project financing funds. TransAlta Corporation's project financing experiences were used to illustrate the potential of this source of financing

  13. Behavioral Finance

    Hirshleifer, David


    Behavioral finance is the study of how psychology affects financial decision making and financial markets. A valuable resource for both academics and practitioners, this authoritative collection brings together the main works in both psychology and finance, dealing with the debate between proponents of the behavioral school and advocates of the efficient market school. The first volume contains works written by leading psychologists that underlie behavioral finance, focusing on general issues...

  14. Consumer Finance

    Peter Tufano


    Although consumer finance is a substantial element of the economy, it has had a smaller footprint within financial economics. In this review, I suggest a functional definition of the subfield of consumer finance, focusing on four key functions: payments, risk management, moving funds from today to tomorrow (saving/investing), and from tomorrow to today (borrowing). I provide data showing the economic importance of consumer finance in the American economy. I propose a historical explanation fo...

  15. Project financing

    This paper presents the basic concepts and components of the project financing of large industrial facilities. Diagrams of a simple partnership structure and a simple leveraged lease structure are included. Finally, a Hypothetical Project is described with basic issues identified for discussion purposes. The topics of the paper include non-recourse financing, principal advantages and objectives, disadvantages, project financing participants and agreements, feasibility studies, organization of the project company, principal agreements in a project financing, insurance, and an examination of a hypothetical project

  16. Apartment purchase financing analysis since World War II until today

    Staniša, Maja


    The diploma work deals with the possibility of financing the apartment purchase since World War II until today. In the history of the financing residential economy we are trying to determine legal basis arranging financing, basic characteristics of financing, loaning and institutions which have a leading role in financing in certain periods of history. Residential politicy in Slovenia went through different periods and it always reflected the influence of economical and political systems duri...

  17. Biological conduits combining bone marrow mesenchymal stem cells and extracellular matrix to treat long-segment sciatic nerve defects

    Yang Wang


    Full Text Available The transplantation of polylactic glycolic acid conduits combining bone marrow mesenchymal stem cells and extracellular matrix gel for the repair of sciatic nerve injury is effective in some respects, but few data comparing the biomechanical factors related to the sciatic nerve are available. In the present study, rabbit models of 10-mm sciatic nerve defects were prepared. The rabbit models were repaired with autologous nerve, a polylactic glycolic acid conduit + bone marrow mesenchymal stem cells, or a polylactic glycolic acid conduit + bone marrow mesenchymal stem cells + extracellular matrix gel. After 24 weeks, mechanical testing was performed to determine the stress relaxation and creep parameters. Following sciatic nerve injury, the magnitudes of the stress decrease and strain increase at 7,200 seconds were largest in the polylactic glycolic acid conduit + bone marrow mesenchymal stem cells + extracellular matrix gel group, followed by the polylactic glycolic acid conduit + bone marrow mesenchymal stem cells group, and then the autologous nerve group. Hematoxylin-eosin staining demonstrated that compared with the polylactic glycolic acid conduit + bone marrow mesenchymal stem cells group and the autologous nerve group, a more complete sciatic nerve regeneration was found, including good myelination, regularly arranged nerve fibers, and a completely degraded and resorbed conduit, in the polylactic glycolic acid conduit + bone marrow mesenchymal stem cells + extracellular matrix gel group. These results indicate that bridging 10-mm sciatic nerve defects with a polylactic glycolic acid conduit + bone marrow mesenchymal stem cells + extracellular matrix gel construct increases the stress relaxation under a constant strain, reducing anastomotic tension. Large elongations under a constant physiological load can limit the anastomotic opening and shift, which is beneficial for the regeneration and functional reconstruction of sciatic nerve. Better regeneration was found with the polylactic glycolic acid conduit + bone marrow mesenchymal stem cells + extracellular matrix gel grafts than with the polylactic glycolic acid conduit + bone marrow mesenchymal stem cells grafts and the autologous nerve grafts.

  18. Financing Investment

    Hirth, Stefan; Flor, Christian Riis

    Intuition suggests that corporate investment should be decreasing in financing constraints. We show that even when financing is obtained using a standard debt contract and there is symmetric information between the firm and outside investors, the relation is actually U-shaped. We thus provide a new...... theoretical explanation for the recent empirical findings of Cleary et al. (2007). We split up the endogenously implied financing costs and propose a trade-off between expected liquidation costs and second-best investment costs. For rather unconstrained firms, the risk of costly liquidation dominates the cost...

  19. Stochastic simulation of karst conduit networks

    Pardo-Igúzquiza, Eulogio; Dowd, Peter A.; Xu, Chaoshui; Durán-Valsero, Juan José


    Karst aquifers have very high spatial heterogeneity. Essentially, they comprise a system of pipes (i.e., the network of conduits) superimposed on rock porosity and on a network of stratigraphic surfaces and fractures. This heterogeneity strongly influences the hydraulic behavior of the karst and it must be reproduced in any realistic numerical model of the karst system that is used as input to flow and transport modeling. However, the directly observed karst conduits are only a small part of the complete karst conduit system and knowledge of the complete conduit geometry and topology remains spatially limited and uncertain. Thus, there is a special interest in the stochastic simulation of networks of conduits that can be combined with fracture and rock porosity models to provide a realistic numerical model of the karst system. Furthermore, the simulated model may be of interest per se and other uses could be envisaged. The purpose of this paper is to present an efficient method for conditional and non-conditional stochastic simulation of karst conduit networks. The method comprises two stages: generation of conduit geometry and generation of topology. The approach adopted is a combination of a resampling method for generating conduit geometries from templates and a modified diffusion-limited aggregation method for generating the network topology. The authors show that the 3D karst conduit networks generated by the proposed method are statistically similar to observed karst conduit networks or to a hypothesized network model. The statistical similarity is in the sense of reproducing the tortuosity index of conduits, the fractal dimension of the network, the direction rose of directions, the Z-histogram and Ripley's K-function of the bifurcation points (which differs from a random allocation of those bifurcation points). The proposed method (1) is very flexible, (2) incorporates any experimental data (conditioning information) and (3) can easily be modified when implemented in a hydraulic inverse modeling procedure. Several synthetic examples are given to illustrate the methodology and real conduit network data are used to generate simulated networks that mimic real geometries and topology.

  20. Financing a nuclear programme

    Nuclear power plant construction projects have many characteristics in common with other types of large infrastructure investment, both within the power generation sector and elsewhere. However, nuclear power itself has special features that can make nuclear financing particularly challenging. These features include the high capital cost, the relatively long period required to recoup investments, the often controversial nature of nuclear projects. The need for clear solutions and financing schemes for radioactive waste management and decommissioning and the need for nuclear power plants to operate at high capacity factors, preferably under base load conditions. During the previous major expansion of nuclear power in the 1970 and 1980, many nuclear projects suffered very large construction delays and cost overruns. The legacy of such problems increases the risks perceived by potential investors. A recent study undertaken jointly by the Iea and the Nea showed that the competitiveness of nuclear power strongly depends on the cost of financing due to the high share of fixed capital costs in the total lifetime costs of nuclear power. A key issue in this context is the long-term predictability of carbon pricing arrangements, which, for the time being and despite positive evolutions in this respect, most notably in Europe, does not yet exist. This paper will consider how the risks can be mitigated and examine in detail various models for corporate finance and the role of government assistance in providing a suitable financial basis. (Author)

  1. An Exploratory Study of the Effects of Project Finance on Project Risk Management : How the Distinguishing Attributes of Project Finance affects the Prevailing Risk Factor?

    Chan, Ka Fai


    Project finance is a financing arrangement for projects, and it is characterised by the creation of a legally independent project company financed with non- or limited recourse loans. It is observed that the popularity of project finance is increasing in the recent decades, despite of the impact of Asian financial crisis. Especially in emerging markets, project finance is very common among the public-private partnership projects. It is possible that project finance yields some benefits in pro...

  2. Structuring and financing power projects in Asia

    The contractual arrangements for the financing and construction of three 660 MW coal fired power plants in Hong Kong are summarized in the form of headings and a diagram. These cover the joint venture arrangement, construction and equipment supply, the operation and offtake contract, coal supply and the financial structure with respect to commercial risk. (UK)

  3. Conduits for Coronary Bypass: Internal Thoracic Artery

    Barner, Hendrick B.


    This second report in the series on coronary artery bypass presents the authors experience and personal views on the internal thoracic artery (ITA) which date to 1966. There has been a very gradual evolution in the acceptance of this conduit which was initially compared with the saphenous vein and viewed as an improbable alternative to it. As is common with concepts and techniques which are 'outside the box' there was skepticism and criticism of this new conduit which was more difficult and t...

  4. Pumped Storage and Potential Hydropower from Conduits



    Th is Congressional Report, Pumped Storage Hydropower and Potential Hydropower from Conduits, addresses the technical flexibility that existing pumped storage facilities can provide to support intermittent renewable energy generation. This study considered potential upgrades or retrofit of these facilities, the technical potential of existing and new pumped storage facilities to provide grid reliability benefits, and the range of conduit hydropower opportunities available in the United States.

  5. Financing strategic healthcare facilities: the growing attraction of alternative capital.

    Zismer, Daniel K; Fox, James; Torgerson, Paul


    Community health system leaders often dismiss use of alternative capital to finance strategic facilities as being too expensive and less strategically useful, preferring to follow historical precedent and use tax-exempt bonding to finance such facilities. Proposed changes in accounting rules should cause third-party-financed facility lease arrangements to be treated similarly to tax-exempt debt financings with respect to the income statement and balance sheet, increasing their appeal to community health systems. An in-depth comparison of the total costs associated with each financing approach can help inform the choice of financing approaches by illuminating their respective advantages and disadvantages. PMID:23678696

  6. Centrifuges, centrifuge installations and arrangements for controlling the flow within them

    This invention relates to valve arrangements and to centrifuges incorporating such valve arrangements. In a plant where isotopes of an element in a gaseous form are separated, for example where uranium 235 is separated from uranium 238, both isotopes being in the form of uranium hexafluoride, it is important that the effect of impurity gas within the plant is minimised. This is so because otherwise the plant may have to handle gases of a molecular weight which it was not designed to handle and this can have deleterious effects upon the operation of the plant and may cause breakdown of some centrifuges. An object of the present invention is to provide a valve arrangement and a centrifuge enrichment plant utilising such valve arrangements so that such deleterious effects tend to be avoided. The valve arrangement comprises a conduit containing a ball valve which is responsive to gas flowing in the conduit, the ball valve being obstructive to flow in one direction in the conduit when abnormal gas flow occurs in the conduit. Preferably, the ball valve comprises a mesh arrangement for supporting a ball, said mesh arrangement being permeable to gas. Advantageously, the ball valve comprises a rest for the ball, which rest supports the ball in such a manner as to block gas flow. In use, the ball may rest upon said mesh when the valve is open and may rest upon said rest when the valve is shut. (Auth.)

  7. Financing Innovation

    Yoo, JaeHoon


    More than 24 countries operate separate boards and exchanges aimed at small and medium-size enterprises (SMEs). Equity markets play a critical role in fostering economic productivity by financing innovation. But only a few SME exchanges function properly, providing coveted fresh capital and liquidity. What steps are key to building an efficient exchange to provide risk capital for SMEs? Cr...

  8. Variability of permeability with diameter of conduit

    J A Adegoke; J A Olowofela


    An entry length is always observed before laminar flow is achieved in fluid flowing in a conduit. This depends on the Reynolds number of the flow and the degree of smoothness of the conduit. This work examined this region and the point where laminar flow commences in the context of flow through conduit packed with porous material like beads, of known porosity. Using some theoretical assumptions, it is demonstrated that permeability varies from zero at wall-fluid boundary to maximum at mid-stream, creating a permeability profile similar to the velocity profile. An equation was obtained to establish this. We also found that peak values of permeability increase with increasing porosity, and therefore entry length increases with increasing porosity with all other parameters kept constant. A plot of peak permeability versus porosity revealed that they are linearly related.

  9. Finance versus democracy? Theorizing finance in society

    Sylvia Walby


    What should be the place of finance in social theory? What is the relationship between finance and democracy? The article identifies four major frameworks that analyse finance: orthodox, drawing on Adam Smith; political economy, drawing on Marx; heterodox, drawing on Keynes and Minsky; and societal, drawing on Polanyi. These frameworks are critically analysed along five dimensions: the conceptualization of finance; the relations between finance and the economy; the relations between finance a...

  10. Private Power Financing : From Project Finance to Corporate Finance

    Jechoutek, Karl G.; Lamech, Ranjit


    Project financing of independent power producers (IPPs) may seem the only solution to the intractable problem of getting private credit to the power sector. In the developing world, however, the public-private partnership in project-financed IPP ventures has been slow to produce results. To achieve substantive progress in IPP financing, limited recourse project financing will have to evolv...

  11. The radial artery: a forgotten conduit.

    Gaudino, Mario; Crea, Filippo; Cammertoni, Federico; Massetti, Massimo


    We reviewed the published literature on the clinical and angiographic outcome of radial artery (RA) grafts and on the comparison between the RA and the other conduits used in coronary operations. The RA is a better graft than the saphenous vein and comparable to the right internal thoracic artery (RITA); moreover, the RA seems a better choice than the RITA in patients at risk of sternal or pulmonary complications. We conclude that the RA should be preferred to the saphenous vein and considered at least equivalent to the RITA as the second conduit during every elective coronary artery bypass procedure. PMID:25725926

  12. Norwood-sano operation using a stentless pulmonary valved conduit.

    Ginestar, Andrs Castell; Martinez, F Serrano; Argudo, J A Montero; Calvar, J M Caffarena


    The Sano modification of Norwood's operation has the potential to generate an excess volume load on the single right ventricle as a consequence of diastolic reversal of flow through the conduit. This article describes the use of a new, small, biological conduit with a porcine valve inside. This new conduit has been used in modified Norwood procedures. It is interposed between the right ventricle and the confluence of the pulmonary arteries. The use of a valved conduit should prevent the retrograde diastolic blood flow observed with use of nonvalved conduits and may improve postoperative hemodynamics. The use of a new stentless valved conduit in 3 recent Norwood procedures is reported herein. PMID:23804945

  13. Sustainable finance

    Boersma-de Jong, Margreet F.


    Presentation for Springschool of Strategy, University of Groningen, 10 October 2012. The role of CSR is to stimulate ethical behaviour, and as a result, mutual trust in society. Advantage of CSR for the company and the evolution of CSR. From CSR to Sustainable Finance: how does CSR influence Sustainable Business Administration & Management Accounting, Financial Leadership and what is the importance of CSR in the financial sector

  14. Household Finance

    Campbell, John


    The welfare benefits of financial markets depend in large part on how effectively households use these markets. The study of household finance is challenging because household behavior is difficult to measure accurately, and because households face constraints that are not captured by textbook models, including fixed costs, uninsurable income risk, borrowing constraints, and contracts that are non-neutral with respect to inflation. Evidence on participation, diversification, and the exercise ...

  15. The Japanese approach to financing LNG projects

    The Japanese approach approach to financing LNG project has been what could be called a combined purchase and finance system which has been arranged mainly at the initiative of japan's Sogo Shosh (general trading companies) with the support of japanese governmental financial agencies and a purchase commitment from japanese utilities. In the QATARGAS project, despite it being the first greenfield LNG project in decade since North West Shelf Australia LNG project, financing for the LNG plant phase has been successfully arranged through Japanese financing. The structuring of the financial facilities for the QATARGAS project seems to have lessons for future development of the next generation of greenfield LNG projects. Discharge of the parties' liability, proper sharing of the risk burden and reconfirmation of the spirit of mutual understanding and trust among the parties concerned are key factors for the success of any new LNG project in the future. (Author)

  16. Controlling Wavebreaking in a Viscous Fluid Conduit

    Anderson, Dalton; Maiden, Michelle; Hoefer, Mark


    This poster will present a new technique in the experimental investigation of dispersive hydrodynamics. In shallow water flows, internal ocean waves, superfluids, and optical media, wave breaking can be resolved by a dispersive shock wave (DSW). In this work, an experimental method to control the location of DSW formation (gradient catastrophe) is explained. The central idea is to convert an initial value problem (Riemann problem) into an equivalent boundary value problem. The system to which this technique is applied is a fluid conduit resulting from high viscosity contrast between a buoyant interior and heavier exterior fluid. The conduit cross-sectional area is modeled by a nonlinear, conservative, dispersive, third order partial differential equation. Using this model, the aim is to predict the breaking location of a DSW by controlling one boundary condition. An analytical expression for this boundary condition is derived by solving the dispersionless equation backward in time from the desired step via the method of characteristics. This is used in experiment to generate an injection rate profile for a high precision piston pump. This translates to the desired conduit shape. Varying the jump height and desired breaking location indicates good control of DSW formation. This result can be improved by deriving a conduit profile by numerical simulation of the full model equation. Controlling the breaking location of a DSW allows for the investigation of dynamics independent of the boundary. Support provided by NSF CAREER DMS-1255422 , NSF EXTREEMS.

  17. Independent power project finance rating criteria

    Continuing growth of project financing for non-utility generators in the US and abroad has led to growing focus on their credit strength. In general, the financings remain relatively risky and would likely be rated below investment grade, because of various factors: loose power purchase arrangements, poor match between power pricing and fuel costs, aggressive leverage, troubled operating performance. But S and P believes some projects have the credit strength to support investment grade ratings. As traditional financing markets for these projects --- bank lending and private placements with highly specialized institutional investors --- have contracted, project sponsors and developers are considering broader markets. These include institutional investors without specialized focus on power project finance. In these markets, distinctions among projects may lead to greater liquidity and efficiency in developing the pricing and terms under which projects can be financed. This paper reports that ratings are most appropriate for projects seeking permanent financing as they enter commercial operations. They also may be useful for projects which have been operating for some time and for some very strong projects which are raising construction financing. To guide both project developers and investors in project financing, S and P has developed the following approach for rating these types of financings

  18. Conduits for Coronary Bypass: Vein Grafts

    Barner, Hendrick B.; Farkas, Emily A.


    The saphenous vein has been the principal conduit for coronary bypass grafting from the beginning, circa 1970. This report briefly traces this history and concomitantly presents one surgeons experience and personal views on use of the vein graft. As such it is not exhaustive but meant to be practical with a modest number of references. The focus is that of providing guidance and perspective which may be at variance with that of others and recognizing that there may be many ways to accomplish ...

  19. Thermal damping and retardation in karst conduits

    A. J. Luhmann


    Full Text Available Water temperature is a non-conservative tracer in the environment. Variations in recharge temperature are damped and retarded as water moves through an aquifer due to heat exchange between water and rock. However, within karst aquifers, seasonal and short-term fluctuations in recharge temperature are often transmitted over long distances before they are fully damped. Using analytical solutions and numerical simulations, we develop relationships that describe the effect of flow path properties, flow-through time, recharge characteristics, and water and rock physical properties on the damping and retardation of thermal peaks/troughs in karst conduits. Using these relationships, one can estimate the thermal retardation and damping that would occur under given conditions with a given conduit geometry. Ultimately, these relationships can be used with thermal damping and retardation field data to estimate parameters such as conduit diameter. We also examine sets of numerical experiments where we relax some of the assumptions used to develop these relationships, testing the effects of variable diameter, variable velocity, open channels, and recharge shape on thermal damping and retardation to provide some constraints on uncertainty. Finally, we discuss a tracer experiment that provides field confirmation of our relationships. High temporal resolution water temperature data are required to obtain sufficient constraints on the magnitude and timing of thermal peaks and troughs in order to take full advantage of water temperature as a tracer.

  20. Optical Arrangement and Method


    Processing of electromagnetic radiation is described, said incoming electromagnetic radiation comprising radiation in a first wavelength interval and a plurality of spatial frequencies. An arrangement comprises a focusing arrangement for focusing the incoming electromagnetic radiation, a first...... cavity configured to comprise an intra cavity laser beam, a nonlinear crystal arranged in the first cavity such that it is capable of receiving the focused electromagnetic radiation and, in dependence on the spatial overlap between the focused electromagnetic radiation and the intra-cavity laser beam, by...... interaction with the intra-cavity laser beam provide processed electromagnetic radiation, said processed electromagnetic radiation comprising radiation in a second wavelength interval and at least a subset of said plurality of spatial frequencies. In other words, such an arrangement is capable of enabling...

  1. Mitigating Commercial Risks in Project Finance

    World Bank


    In project finance, risks are allocated to the parties best able to manage them. However, the risk mitigation instruments incorporated in the project's contractual and financial arrangements need not be all-encompassing to provide the security investors require. Commitments may be limited in scope, amount, and duration. This Note provides a checklist of commercial risk mitigation instrume...

  2. Financing wind power projects : perspectives from the US market

    This presentation outlined the recent assignments, core competencies and scope of services provided by Alyra Renewable Energy Finance Advisors. Renewable energy developers seek Alyra's assistance in developing strategies to achieve the most competitive solutions in finance and strategy. Alyra has broad finance expertise in renewable energy projects, a deep knowledge of markets and a significant wind industry network. Alyra identifies emerging issues, completes financing solutions and helps with contract negotiations. This presentation outlined the notable features of wind financing, wind assessment, offtake arrangements, equity considerations, US wind debt markets, long term bank financing, and combined bank and private placement financing. It also included recent debt market activity for seven large wind farms in the United States. tabs., figs

  3. Public Education Finances: 2010

    Dixon, Mark


    The U.S. Census Bureau conducts a Census of Government Finances and an Annual Survey of Government Finances as authorized by law under Title 13, U.S. Code, Sections 161 and 182. The Census of Government Finances has been conducted every 5 years since 1957, while the Annual Survey of Government Finances has been conducted annually since 1977 in…

  4. Public Education Finances, 2009

    US Census Bureau, 2011


    The U.S. Census Bureau conducts a Census of Government Finances and an Annual Survey of Government Finances as authorized by law under Title 13, U.S. Code, Sections 161 and 182. The Census of Government Finances has been conducted every 5 years since 1957, while the Annual Survey of Government Finances has been conducted annually since 1977 in…

  5. Serbia : School Finance

    World Bank, (WB)


    In support of the multi-annual efforts of the Government of Serbia to advance financing policies and practice in the education sector, the World Bank conducted a review of policies related to school finance along the Systems Approach for Better Education Results (SABER)-school finance framework. School finance policy goals are observed in the following areas: the basic conditions for learn...

  6. National arrangements for radiotherapy

    After a presentation of several letters exchanged between the French health ministry and public agencies in charge of public health or nuclear safety after a radiotherapy accident in Epinal, this report comments the evolution of needs in cancerology care and the place given to radiotherapy. It outlines the technological and organisational evolution of radiotherapy and presents the distribution of radiotherapy equipment, of radio-therapists and other radiotherapy professionals in France. Within the context of radiotherapy accidents which occurred in 2007, it presents the regulatory arrangements which aimed at improving the safety, short term and middle term arrangements which are needed to support and structure radiotherapy practice quality. It stresses the fact that the system will deeply evolve by implementing a radiotherapy vigilance arrangement and a permanent follow-on and adaptation plan based on surveys and the creation of a national committee

  7. Conduit Companies, Beneficial Ownership, and the Test of Substantive Business Activity in Claims for Relief under Double Tax Treaties

    Jain, Saurabh; Prebble, John; Bunting, Christina


    If interpreted in a strict legal sense, beneficial ownership rules in tax treaties would have no effect on conduit companies because companies at law own their property and income beneficially. Conversely, a company can never own anything in a substantive sense because economically a company is no more than a congeries of arrangements that represents the people behind it. Faced with these contradictory considerations, people have adopted surrogate tests that they attempt to employ in...

  8. Nuclear reactor internals arrangement

    A nuclear reactor internals arrangement is disclosed which facilitates reactor refueling. A reactor vessel and a nuclear core is utilized in conjunction with an upper core support arrangement having means for storing withdrawn control rods therein. The upper core support is mounted to the underside of the reactor vessel closure head so that upon withdrawal of the control rods into the upper core support, the closure head, the upper core support and the control rods are removed as a single unit thereby directly exposing the core for purposes of refueling

  9. Public utility economics and finance

    Howe, K.M.; Rasmussen, E.F.


    Students will find this presentation of the economic and institutional arrangements that surround the area of public utilities helpful in understanding current regulations and possibly suggesting solutions for future problems. The eight sections of the text cover: (1) an introduction to the nature and types of services provided by public utilities; (2) economic characteristics; (3) legal concepts; (4) traditional issues in regulation; (5) independent regulatory commissions; (6) a critique of public-utility regulation; (7) pricing and the regulation of consumer demand; and (8) capital budgeting and finance. 490 references, 37 figures, 38 tables. (DCK)

  10. Peak load arrangements : Assessment of Nordel guidelines


    Two Nordic countries, Sweden and Finland, have legislation that empowers the TSO to acquire designated peak load resources to mitigate the risk for shortage situations during the winter. In Denmark, the system operator procures resources to maintain a satisfactory level of security of supply. In Norway the TSO has set up a Regulation Power Option Market (RKOM) to secure a satisfactory level of operational reserves at all times, also in winter with high load demand. Only the arrangements in Finland and Sweden fall under the heading of Peak Load Arrangements defined in Nordel Guidelines. NordREG has been invited by the Electricity Market Group (EMG) to evaluate Nordel's proposal for 'Guidelines for transitional Peak Load Arrangements'. The EMG has also financed a study made by EC Group to support NordREG in the evaluation of the proposal. The study has been taken into account in NordREG's evaluation. In parallel to the EMG task, the Swedish regulator, the Energy Markets Inspectorate, has been given the task by the Swedish government to investigate a long term solution of the peak load issue. The Swedish and Finnish TSOs have together with Nord Pool Spot worked on finding a harmonized solution for activation of the peak load reserves in the market. An agreement accepted by the relevant authorities was reached in early January 2009, and the arrangement has been implemented since 19th January 2009. NordREG views that the proposed Nordel guidelines have served as a starting point for the presently agreed procedure. However, NordREG does not see any need to further develop the Nordel guidelines for peak load arrangements. NordREG agrees with Nordel that the market should be designed to solve peak load problems through proper incentives to market players. NordREG presumes that the relevant authorities in each country will take decisions on the need for any peak load arrangement to ensure security of supply. NordREG proposes that such decisions should be taken after consultation with parties in other Nordic countries, and involving also regulators and TSOs. In NordREG's view there are basically three principles that should be guiding any decision to introduce peak load arrangements in the Nordic countries: i), the peak load arrangements should be introduced only in situations when security of supply cannot be met without these arrangements. Since the decision to introduce peak load arrangements might be of a political/legal nature, the length of such arrangement cannot be fixed. However, there should be a regular evaluation by the competent authority of any need or prolonged need for peak load arrangements and its effects of price formation in the Nordic market. ii), when peak load arrangements are introduced they should be designed to minimize the adverse effects on price formation in the Nordic market. Furthermore, if there are to be peak load arrangements, there might be a need for how to distinguish these peak load reserves from other reserves at the disposal of the TSOs. However, this issue needs further discussions and development. iii), Nordic consultation should be carried out where the views of all relevant authorities and stake holders in the market affected are invited. It is recommended that the governments consult with their Nordic counter parties before submitting legal proposals on peak load arrangements affecting Nordic price formation. These consultations should also be with regulators and TSOs who are involved in the design of the actual peak load arrangements. (Author)

  11. Nuclear fuel financing

    Fuel financing is only at its beginning. A logical way of developing financing model is a step by step method starting with the financing of pre-payments. The second step will be financing of natural uranium and enrichment services to the point where the finished fuel elements are delivered to the reactor operator. The third step should be the financing of fuel elements during the time the elements are inserted in the reactor. (orig.)

  12. Money in finance

    Wray, L. Randall


    This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private institutions and provider of finance is also discussed, and related topics such as liquidity and saving are explored. We conclude with a look at some of the new innovations in finance, and at the global financial...

  13. National Planning Commission Arrangements

    Watkins, Joanna


    Based on a review of relevant World Bank materials and outside sources, this note focuses on two questions of critical importance in discussions surrounding the establishment of a planning commission. These are: 1) what planning commission arrangements seem to be effective? 2) What should the role of a planning commission be in a quasi-federal system? It should be recognized that a plannin...

  14. Power distribution arrangement


    An arrangement and a method for distributing power supplied by a power source to two or more of loads (e.g., electrical vehicular systems) is disclosed, where a representation of the power taken by a particular one of the loads from the source is measured. The measured representation of the amount...

  15. The effect of Ti conduit on the critical current in (Nb,Ti)3Sn cable-in-conduit conductors

    The effect of titanium conduit on the critical current in (Nb,Ti)3Sn cable-in-conduit conductors was investigated to obtain a high performance conductor which would be applied to large superconducting magnets such as those for fusion machines. Titanium has equivalent thermal contraction coefficient to that of (Nb,Ti)3Sn filaments, and it is expected by using titanium as the conduit to suppress degradation of critical current due to excess thermal prestrain on (Nb,Ti)3Sn filaments. Some titanium conduit sample conductors were made, and thier critical current performance were measured together with some stainless steel (SUS316) and copper-nickel alloy (Cu-10Ni) conduit conductors. The experimental results indicated that the titanium conduit conductors had no critical current degradation due to thermal strain, whereas the stainless steel and copper-nickel alloy conduit conductors showed remarkable degradation on thier critical current performance and greater degradation was observed with smaller void conductor. In conclusion, titanium is verified to be excellent conduit material for (Nb,Ti)3Sn cable-in-conduit conductors. (author)

  16. Tax issues in structuring gas process arrangements

    The current status of various tax issues regarding ownership, operation and financing of gas processing facilities in Canada was discussed. Frequently, energy companies are not taxed because of their large pools of un-depreciated capital cost and other resource related accounts. In addition, their time horizons for taxability are being extended in line with the expansion of their businesses. However, other investors are fully taxable, hence they wish to shelter their income through the use of tax efficient investment arrangements. This paper provides a detailed description of the tax treatment of gas processing facilities, tax implications of various structures between the producer and the investor such as lease, processing fee arrangements etc., and use of 'Canadian Renewable and Conservation Expense' (CRCE) for cogeneration projects within processing plants. All these need to be considered before completing a financing transaction involving a gas processing facility, since the manner in which the transaction is completed will determine the advantages and benefits from an income tax perspective. The accounting and legal aspects must be similarly scrutinized to ensure that the intended results for all parties are achieved. 8 figs

  17. Arrangement for computer tomography

    An arrangement for computer tomography is described which consists of an X-ray source for the formation of a flat fan shaped bundle of radiation and an X-ray detector consisting of several circular arc, sequentially arranged detector elements where the X-ray detector and X-ray source which are rotatable around and across the surface of the wave beam equivalent axis of rotation and are characterised by the fact that the X-ray source has a relatively small surface for radiation, the distance of the radiation input surface of the detector elements to the rotation axis is substantially equal to the distance of the radiation surface of the source to the axis of rotation of the source and the detector has a rotational angular speed of substantially the same value on the opposite side of the rotation axis. (G.C.)

  18. Imaging arrangement and microscope

    Pertsinidis, Alexandros; Chu, Steven


    An embodiment of the present invention is an imaging arrangement that includes imaging optics, a fiducial light source, and a control system. In operation, the imaging optics separate light into first and second tight by wavelength and project the first and second light onto first and second areas within first and second detector regions, respectively. The imaging optics separate fiducial light from the fiducial light source into first and second fiducial light and project the first and second fiducial light onto third and fourth areas within the first and second detector regions, respectively. The control system adjusts alignment of the imaging optics so that the first and second fiducial light projected onto the first and second detector regions maintain relatively constant positions within the first and second detector regions, respectively. Another embodiment of the present invention is a microscope that includes the imaging arrangement.

  19. Apparatus for sealing the seam between two conduits

    An apparatus is described for sealing the seam between first and second axially aligned conduits comprising: sealing means disposed at the seam between the first and second conduits; a spacer having means for detachable connecting to the first conduit in such a manner as to apply a generally uniform axial force to the perimeter of the first conduit and a first threaded surface; a second spacer connecting to the second conduit; at least one of the spacer means being rotatably disposed with respect to the connected conduit; and the first threaded surface and a second threaded surface cooperating to relatively axially displace the first conduit and the second conduit by applying the axial forces thereto to compress the sealing means when the first spacer means and the second spacer means are relatively rotated. This patent also describes means for this apparatus to be used in a nuclear reactor pressure vessel in combination with an instrumentation port extending through the pressure vessel and comprising a male flange secured to the pressure vessel, an instrumentation port column extending through the male flange, and generally annular sealing means between the male flange and instrumentation port column which forms a seal therebetween when the port column is axially displaced relative to the male flange

  20. Cable support arrangements

    A cable support arrangement extending from a refuelling level floor of a nuclear reactor to the inner shield of a double rotatable shield comprises a linearly extensible cable support and disciplining boom, reaching from the floor to the main shield, and a circumferentially extensible cable support and disciplining means running from the end of the boom to a fixed end on the inner shield. (author)

  1. Coloring and Guarding Arrangements

    Bose, Prosenjit; Collette, Sébastien; Hurtado, Ferran; Korman, Matias; Langerman, Stefan; Taslakian, Perouz


    Given an arrangement of lines in the plane, what is the minimum number $c$ of colors required to color the lines so that no cell of the arrangement is monochromatic? In this paper we give bounds on the number c both for the above question, as well as some of its variations. We redefine these problems as geometric hypergraph coloring problems. If we define $\\Hlinecell$ as the hypergraph where vertices are lines and edges represent cells of the arrangement, the answer to the above question is equal to the chromatic number of this hypergraph. We prove that this chromatic number is between $\\Omega (\\log n / \\log\\log n)$. and $O(\\sqrt{n})$. Similarly, we give bounds on the minimum size of a subset $S$ of the intersections of the lines in $\\mathcal{A}$ such that every cell is bounded by at least one of the vertices in $S$. This may be seen as a problem on guarding cells with vertices when the lines act as obstacles. The problem can also be defined as the minimum vertex cover problem in the hypergraph $\\Hvertexcell$...

  2. Project finance in Eastern Europe

    A dysfunctional system of commercial, legal, and financial institutions is the primary problem facing the energy sectors in Eastern Europe. Generally, a major systemic transformation is well underway in the area and is already showing signs of success. The empty promise of export credit financing exerts a significant negative influence on this reform process. The discipline of project finance provides the best, if not the only, basis for financing the modernization of the Eastern European energy sector. An example is given of the Cracow Environmental Project, a modernization project. The power plant is a combined heat and power facility with 460 MW of electric capacity and 1450 MW of thermal energy capacity. Located near the center of Cracow, the plant burns hard coal and provides more than seventy percent of the central district heat consumed in the city. The scope of proposed improvements has changed from the addition of capacity to a combination of modernization and environmental retrofit of the existing plant. The total estimated cost of the improvements program is 150 million dollars. The project consists of three major elements. First, it has proposed and is in the process of restructuring the ownership of the power plant. Second, it is engaged in a major restructuring of the commercial arrangements that govern the operation of the plant. Finally, it is in the late stages of selecting an engineering, procurement, and construction consortium with which it will contract to design and make major improvements to the existing plant

  3. Statistics for Finance

    Lindström, Erik; Madsen, Henrik; Nielsen, Jan Nygaard

    Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics that...

  4. Financing working capital

    Vasile Popengă; Mirela Popescu


    The paper presents some particularities regarding the following aspects: what is working capital; shows alternative net working capital financing strategies, ranging from the most to least risky; also some sources of short-term finance

  5. Does Finance Benefit Society?

    Luigi Zingales


    Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from a research point of view and from an educational point of view, to promote good finance and minimize the bad.

  6. Financing petroleum agreements

    This chapter describes the typical type of financing agreements which are currently used to finance North Sea petroleum projects whether they are in the cause of development or have been developed and are producing. It deals with the agreements which are entered into to finance borrowings for petroleum projects on a non-resource or limited resource basis. (UK)

  7. Guinea School Finance

    World Bank Group


    Systems approach for better education results (SABER) school finance collects, analyzes, synthesizes, and disseminates comprehensive information on school finance policies in primary and secondary education across a range of different education systems. The goal is to enable policymakers to learn about how other countries address the same policy challenges related to school finance and thu...

  8. Inspection of Emergency Arrangements

    The Working Group on Inspection Practices (WGIP) was tasked by the NEA CNRA to examine and evaluate the extent to which emergency arrangements are inspected and to identify areas of importance for the development of good inspection practices. WGIP members shared their approaches to the inspection of emergency arrangements by the use of questionnaires, which were developed from the requirements set out in IAEA Safety Standards. Detailed responses to the questionnaires from WGIP member countries have been compiled and are presented in the appendix to this report. The following commendable practices have been drawn from the completed questionnaires and views provided by WGIP members: - RBs and their Inspectors have sufficient knowledge and information regarding operator's arrangements for the preparedness and response to nuclear emergencies, to enable authoritative advice to be given to the national coordinating authority, where necessary. - Inspectors check that the operator's response to a nuclear emergency is adequately integrated with relevant response organisations. - Inspectors pay attention to consider the integration of the operator's response to safety and security threats. - The efficiency of international relations is checked in depth during some exercises (e.g. early warning, assistance and technical information), especially for near-border facilities that could lead to an emergency response abroad. - RB inspection programmes consider the adequacy of arrangements for emergency preparedness and response to multi-unit accidents. - RBs assess the adequacy of arrangements to respond to accidents in other countries. - The RB's role is adequately documented and communicated to all agencies taking part in the response to a nuclear or radiological emergency. - Inspectors check that threat assessments for NPPs have been undertaken in accordance with national requirements and that up-to-date assessments have been used as the basis for developing emergency plans for NPPs. - Where RBs have an influence over land use around NPPs, they use the knowledge of their local or resident inspectors to inform decisions. - Inspectors check that appropriate action levels or criteria to identify an actual or radiological emergency are clearly defined and readily available to decision makers. - When observing emergency exercises inspectors check that: an appropriate and timely declaration is made, plant operators respond in accordance with the emergency plan and emergency instructions, and an appropriate level of response is initiated on and off-site. - RBs conduct follow-up inspections after real events, to ensure that the correct emergency response has been followed. - Inspectors verify that reliable data will be used to support the evaluation of environmental impact from a nuclear or radiological emergency, to the extent that this is within the jurisdiction of the RB. - Routine inspections and emergency exercise observations include a check that lines of communication are sufficiently resilient. - When observing emergency exercises inspectors, where practicable, check that timely, accurate and consistent information is provided to the public, in accordance with the off-site emergency plan. - RBs inspect the ability of the operator to give accurate medical and radiological information about casualties, to enable the correct treatment to be given. - Additional emergency equipment that is held in reserve off-site, provided to enhance resilience (post Fukushima), is included in the RB planned inspection and/or emergency exercise programme. - Inspectors check that licensee staff are adequately trained to connect and use additional equipment provided to enhance resilience. - Inspectors utilise the NPP operator's approved on-site emergency plan when inspecting on-site emergency arrangements. - RBs include human factors staff in emergency exercise evaluation teams to consider safety culture and human performance. - RBs consider the need for exercise scenarios to be undisclosed to exercise participants. - Bilateral trans-national inspection programmes between RBs on the topic of emergency preparedness should be developed and continued. (authors)

  9. Perspectives applicable to financing midstreamers: legal considerations

    Systemic changes that have affected the sale, distribution and transportation of gas near the burner tip (collectively called 'midstream' activities) are reviewed, examining the causes of change, and the types of midstream asset transactions that are occurring, whether they involve structured financing arrangements or midstream companies. Also addressed are issues involved in transactions of this type, especially as they relate to gathering and processing agreements and construction, ownership and operation (CO and O) agreements. The two principal alternative structures (1) the financing party who does not assume operational control of the facility, and the (2) midstream company who build or acquire assets and operate them, the different implications for financing of each of the structural alternatives and the changing attitudes of producers towards midstream entities are explained. Closer examination of these new business structures reveals that they conflict with the terms and conditions of midstream agreements commonly used throughout the industry. It is recommended that these standard agreements be amended to permit midstream transactions to occur without undue restrictions. The kind of amendments suggested include automatic consent to a transfer of a facility to a Financing Party that meets certain reasonable financial tests; allowing the reconveyance from the Financing Party to the producer under a repurchase option; allowing the producer to act as Operator in place of its Financing Party

  10. Auspicious tatami mat arrangements

    Erickson, Alejandro; Ruskey, Frank; Schurch, Mark; Woodcock, Jennifer


    An \\emph{auspicious tatami mat arrangement} is a tiling of a rectilinear region with two types of tiles, $1 \\times 2$ tiles (dimers) and $1 \\times 1$ tiles (monomers). The tiles must cover the region and satisfy the constraint that no four corners of the tiles meet; such tilings are called \\emph{tatami tilings}. The main focus of this paper is when the rectilinear region is a rectangle. We provide a structural characterization of rectangular tatami tilings and use it to prove that the tiling ...

  11. Mezzanine finance and corporate bonds

    Libena TETREVOVA


    The article deals with the problems of mezzanine finance in relation to corporate bonds. Firstly, attention is paid to definition of mezzanine finance. The term mezzanine finance is used as a term for hybrid forms of financing that combine elements of debt and equity financing. Mezzanine finance represents an alternative form of financing corporate activities. Secondly, possible forms of mezzanine finance are characterized. We can say that special types of corporate bonds (convertible bonds a...

  12. Port entry arrangements

    The objective of the paper is to describe the safety scheme port authorities should establish to deal with any contingency that may result from the visit of a nuclear powered ship. The safety scheme should be devised to cover both normal operation and any accident conditions that could arise while the ship is in port. The paper is divided into three parts. The three parts being: background information, general instructions, and emergency procedures. The background information will describe the nature of the hazards a port authority has to be prepared to deal with, and the philosophical basis for a berthing policy. In the part dealing with general instructions the objective of the safety scheme will be described. Also this part will describe the composition of the Port Safety Panel, allocation of responsibilities, passage and berthing arrangements, general safety precautions, records required, and rescue arrangements. In the part dealing with emergency procedures the role of: the Ship's Master, Harbour Authorities, Local Police, and local Health Services are discussed. As an Appendix to the paper a copy of the safety scheme that has been devised for visits of nuclear merchant ships to Southampton is given

  13. Spotlight on CERN : Le code de conduite

    CERN Video Productions


    Cette année 2010, le démarrage du LHC a été le témoignage de la réussite de la collaboration scientifique au CERN, rapprochant les personnes, hommes et femmes, tous ensemble pour la plus grande des réalisations. Cette collaboration nécessite une ouverture sur la diversité basée sur des valeurs solides. Pour s’assurer que l'Organisation continue sur la voie du succès, un consensus a été atteint sur des valeurs caractérisant le CERN et celles-ci ont été regroupées dans un Code de conduite, décrivant la norme de base du comportement que nous pouvons tous espérer de nous-mêmes et de nos collègues sur notre lieu de travail. Entrevues avec Rolf Heuer, Directeur Général du CERN, Anne-Sylvie Catherin, Chef du Département des Ressources Humaines, et Vincent Vuillemin, Ombuds au CERN.

  14. Should the EPR be financed by industrialists?

    As a reciprocal arrangement, the industrialists should be invited to contribute to the financing of the new generation reactor EPR (European pressurized reactor) which will be built in Flamanville (Manche, France). In exchange to their financial participation, the industrialists will receive the contractual warranty of stable electricity prices during 10 to 15 years periods. This short paper presents the opposite opinion of two representative of French industries concerning this proposal. Short paper. (J.S.)

  15. Biological conduit small gap sleeve bridging method for peripheral nerve injury: regeneration law of nerve fibers in the conduit

    Pei-xun Zhang


    Full Text Available The clinical effects of 2-mm small gap sleeve bridging of the biological conduit to repair peripheral nerve injury are better than in the traditional epineurium suture, so it is possible to replace the epineurium suture in the treatment of peripheral nerve injury. This study sought to identify the regeneration law of nerve fibers in the biological conduit. A nerve regeneration chamber was constructed in models of sciatic nerve injury using 2-mm small gap sleeve bridging of a biodegradable biological conduit. The results showed that the biological conduit had good histocompatibility. Tissue and cell apoptosis in the conduit apparently lessened, and regenerating nerve fibers were common. The degeneration regeneration law of Schwann cells and axons in the conduit was quite different from that in traditional epineurium suture. During the prime period for nerve fiber regeneration (2-8 weeks, the number of Schwann cells and nerve fibers was higher in both proximal and distal ends, and the effects of the small gap sleeve bridging method were better than those of the traditional epineurium suture. The above results provide an objective and reliable theoretical basis for the clinical application of the biological conduit small gap sleeve bridging method to repair peripheral nerve injury.

  16. Auspicious tatami mat arrangements

    Erickson, Alejandro; Schurch, Mark; Woodcock, Jennifer


    An \\emph{auspicious tatami mat arrangement} is a tiling of a rectilinear region with two types of tiles, $1 \\times 2$ tiles (dimers) and $1 \\times 1$ tiles (monomers). The tiles must cover the region and satisfy the constraint that no four corners of the tiles meet; such tilings are called \\emph{tatami tilings}. The main focus of this paper is when the rectilinear region is a rectangle. We provide a structural characterization of rectangular tatami tilings and use it to prove that the tiling is completely determined by the tiles that are on its border. We prove that the number of tatami tilings of an $n \\times n$ square with $n$ monomers is $n2^{n-1}$. We also show that, for fixed-height, the generating function for the number of tatami tilings of a rectangle is a rational function, and outline an algorithm that produces the generating function.

  17. Innovative worktime arrangements.

    Knauth, P


    New worktime models can be introduced from an employer's point of view for many reasons. They can extend operational time for better utilization of expensive equipment, provide customer-oriented service hours, adjust operational time to the varying needs of personnel, adhere to a given operational time despite a reduction in workhours, avoid dismissals, or improve job attractiveness for qualified personnel. On the other hand, there are also many reasons for changing traditional worktime models from an employee's point of view. For example, new models can help fit private needs to occupational demands, change worktime according to life's phases, provide more autonomy for the organization of worktime or the choice of worktime model, and allow for reduced capacity due to illness or age. The paper primarily presents examples of innovative worktime models (eg, annual worktime, time-autonomous group, variable worktime, choice between different worktime models) but also discusses the possible negative effects of new worktime arrangements. PMID:9916812

  18. Nuclear decommissioning: Funding arrangements

    This statement describes the United Kingdom's approach to funding civil nuclear decommissioning activities and explain proposed changes to the current arrangements. The UK has nuclear operators both in the private and public sectors and the approach to decommissioning funding differs. British Energy (BE), which operates a fleet of AGR power stations and a PWR, is in the private sector. On privatization, a segregated fund was established to cover BE's future decommissioning costs. Money paid into the fund is invested and the accumulated assets used to meet future decommissioning and cleanup costs. The precise amount of money that will be required to cover decommissioning costs is not an exact science. That is why the performance of the segregated fund is reviewed at five yearly intervals, at which stage BE's annual contribution can be adjusted as appropriate. To ensure that the fund is managed effectively and investments are made wisely, the fund is managed by independent trustees jointly appointed by the Government and the company. So far, the fund is performing as expected and it is on target to cover BE's decommissioning costs. Operators in the public sector include British Nuclear Fuels Limited (BNFL) and the United Kingdom Atomic Energy Authority (UKAEA). BNFL operates the fleet of Magnox power stations, a number of which are in various stages of decommissioning. BNFL also operates Sellafield (reprocessing, MOX and other operations) and Springfields (fuel manufacture). UKAEA is responsible for decommissioning the UK's former research reactor sites at Dounreay, Windscale (Cumbria), Harwell and Winfrith (Dorset). Under current arrangements, taxpayers meet the cost of decommissioning and cleanup at UKAEA sites; taxpayers will also meet the costs associated with the decommissioning of Magnox power stations from 2008 onwards

  19. Risk Management In Mudharabah And Musharakah Financing Of Islamic Banks

    Irawan Febianto


    The low level participation of the Islamic banks in mudharabah and musharakah financing models has become one of the problems in the development of the industry. This arrangements are unique to Islamic banking and account for its superiority over conventional banking on grounds of ethics and efficiency, but the majority of Islamic banks have limited themselves to less risky trade-financing assets, which tend to be a shorter maturity. This paper tries to analyzes why Islamic banks are reluctan...

  20. Articulated device for guiding a band of conduits

    The device consists of a support comprising at least two articulated arms to form of a pair of compasses; when the compasses are closed, all the conduits have the same internal radius of curvature. Each arm comprises two bars connected by a holding structure between which the conduits are disposed. A bar of one arm is connected to a bar of the other arm by an articulated joint so that the two joints between the bars are on either side of the band of conduits during actuation of the arms. The device is useful for guiding electrical cables, fluid supply tubes, etc, in the core cover of a liquid metal cooled, fast neutron nuclear reactor. The device can maintain a large number of conduits without risk of tangling or rupture when the arms are closed

  1. Conduit flow experiments help constraining the regime of explosive eruptions

    Dellino, P.; Università di Bari; Dioguardi, F.; Università di Bari; Zimanowski, B.; University of Wurzburg; Buttner, R.; University of Wurzburg; Mele, D.; Università di Bari; La Volpe, L.; Università di Bari; Sulpizio, R.; Università di Bari, Centro Interdipartimentale per il Rischio Sismico e Vulcanico, c/o Geomineralogico; Doronzo, D. M.; Università di Bari; Sonder, I.; University of Wurzburg; Bonasia, R.; Istituto Nazionale di Geofisica e Vulcanologia, Sezione OV, Napoli, Italia; Calvari, S.; Istituto Nazionale di Geofisica e Vulcanologia, Sezione Catania, Catania, Italia; Marotta, E.; Istituto Nazionale di Geofisica e Vulcanologia, Sezione OV, Napoli, Italia


    It is currently impractical to measure what happens in a volcano during an explosive eruption, and up to now much of our knowledge depends on theoretical models. Here we show, by means of large-scale experiments, that the regime of explosive events can be constrained based on the characteristics of magma at the point of fragmentation and conduit geometry. Our model, whose results are consistent with the literature, is a simple tool for defining the conditions at conduit exit th...

  2. Financing Distributed Generation

    This paper introduces the engineer who is undertaking distributed generation projects to a wide range of financing options. Distributed generation systems (such as internal combustion engines, small gas turbines, fuel cells and photovoltaics) all require an initial investment, which is recovered over time through revenues or savings. An understanding of the cost of capital and financing structures helps the engineer develop realistic expectations and not be offended by the common requirements of financing organizations. This paper discusses several mechanisms for financing distributed generation projects: appropriations; debt (commercial bank loan); mortgage; home equity loan; limited partnership; vendor financing; general obligation bond; revenue bond; lease; Energy Savings Performance Contract; utility programs; chauffage (end-use purchase); and grants. The paper also discusses financial strategies for businesses focusing on distributed generation: venture capital; informal investors (''business angels''); bank and debt financing; and the stock market




    Full Text Available Financing (funding is essentially the purchase of funds necessary for a business. This can be done from internal sources (company’s own funds or external (borrowed funds. The high value of goods traded in international trade makes revenues generated from internal resources not sufficient to settle the value of the goods. Thus, it is frequent to resort to borrowed funds. In International Business Transactions, external financing is done both by classical techniques of credit (credit supplier and buyer credit and modern techniques of financing (factoring, forfeiting, leasing all trade tailored. In terms of the length of financing, accounting funding is short-term (1-12 months and long-term financing (over a year. In principle, export and import operations prevailing short-term financing techniques, while international investment and industrial cooperation actions are specific long-term funding

  4. Guidebook to financing CDM projects

    Kamel, S.


    One of the challenges facing Clean Development Mechanism (CDM) projects today is their limited ability to secure financing for the underlying greenhouse gas emission reduction activities, particularly in the least developed countries. Among the key reasons for this is the fact that most financial intermediaries in the CDM host countries have limited or no knowledge of the CDM Modalities and Procedures. Moreover, approaches, tools and skills for CDM project appraisal are lacking or are asymmetrical to the skills in comparable institutions in developed countries. Consequently, developing country financial institutions are unable to properly evaluate the risks and rewards associated with investing or lending to developers undertaking CDM projects, and therefore have, by-and-large, refrained from financing these projects. In addition, some potential project proponents lack experience in structuring arrangements for financing a project. This Guidebook - commissioned by the UNEP Risoe Centre as part of the activities of the Capacity Development for CDM (CD4CDM) project ( - addresses these barriers by providing information aimed at both developing country financial institutions and at CDM project proponents. It should be noted that while the Guidebook was developed particularly with the CDM in mind, most sections will also be relevant for Joint Implementation (JI) project activities. For more detailed information on JI modalities and procedures please consult: The purpose of this Guidebook is two-fold: 1) To guide project developers on obtaining financing for the implementation of activities eligible under the CDM; and 2) To demonstrate to developing country financial institutions typical approaches and methods for appraising the viability of CDM projects and for optimally integrating carbon revenue into overall project financing. The target audiences for the Guidebook are therefore, primarily: 1) CDM project proponents in developing countries, including but not limited to utilities, private and public sector entities, municipalities, and other specialised consultancies and intermediaries; and 2) Credit officers and other decision-makers within banking institutions and financial intermediaries in developing countries. (au)

  5. Financing of Business Activities

    Klimkova, Jana


    This bachelor‘s thesis focuses on the financing of investment of a particular company. The thesis consists of three parts. The first part describes basic concepts, various sources of financing and methods of investment evaluation. In the second part, the company itself is introduced and there is also described the intention of the investment. In the third part the suggestions of the financing of investment are made. In the conclusion, there is chosen the exact suggestion, which is the most su...

  6. Globalisation et finances internationales

    Prada B., Luis M.


    Cet article énonce les principales caractéristiques de la globalisation économique, il précise également en quoi consiste la globalisation financière et met en relief le rôle des investisseurs institutionnels dans les nouvelles finances. De même, l´article conclut que la globalisation financière offre de nouvelles opportunités ; à nous la responsabilité de les profiter.

  7. Financing Firms in India

    ALLEN, Franklin; Chakrabarti, Rajesh; Sankar,; Qian, Jun; Qian, Meijun


    The authors examine the legal and business environments, financing channels, and governance mechanisms of various types of firms in India and compare them to those from other countries. Despite its English commonlaw origin, strong legal protection provided by the law, and a democratic government, corruption within India's legal system and government significantly weakens investor protection in practice. External financing of firms has been dominated by nonmarket sources of financing, while th...

  8. Financing Sustainable Development

    Mohieldin, Mahmoud; Petkoski, Djordjija


    In 2015, global leaders aspire to adopt the Sustainable Development Goals, a financing framework to support them, and a framework agreement on climate change. Youth engagement throughout the design and implementation process is critical for success. World Bank Group and Wharton Business School jointly launched a youth finance competition in November 2014 to engage young people in creating innovative ideas for financing development in the future. 330 submissions from more than 1,500 youth ...

  9. Financing nuclear power

    Global energy security and climate change concerns sparked by escalating oil prices, high population growth and the rapid pace of industrialization are fueling the current interest and investments in nuclear power. Globally, a significant number policy makers and energy industry leaders have identified nuclear power as a favorable alternative energy option, and are presently evaluating either a new or an expanded role for nuclear power. The International Atomic Energy Agency (IAEA) has reported that as of October 2008, 14 countries have plans to construct 38 new nuclear reactors and about 100 more nuclear power plants have been written into the development plans of governments for the next three decades. Hence as new build is expected to escalate, issues of financing will become increasingly significant. Energy supply, including nuclear power, considered as a premium by government from the socio-economic and strategic perspective has traditionally been a sector financed and owned by the government. In the case for nuclear power, the conventional methods of financing include financing by the government or energy entity (utility or oil company) providing part of the funds from its own resources with support from the government. As national financing is, as in many cases, insufficient to fully finance the nuclear power plants, additional financing is sourced from international sources of financing including, amongst others, Export Credit Agencies (ECAs) and Multilateral Development Institutions. However, arising from the changing dynamics of economics, financing and business model as well as increasing concerns regarding environmental degradation , transformations in methods of financing this energy sector has been observed. This paper aims to briefly present on financing aspects of nuclear power as well as offer some examples of the changing dynamics of financing nuclear power which is reflected by the evolution of ownership and management of nuclear power plants from Government and State-owned companies to large privatised utilities and independent developers. (Author)

  10. Financial Collateral Arrangements

    Gulenay Rusen


    Full Text Available Increasing use of securities and collaterals in transactions brings the legal ambiguity in today’s financialmarkets which are trying to globalise. It should have been noted that without legal certainty an achievement cannot be obtained in a complete manner. To solve this legal ambiguity in financial markets, reform movements havebeen started through out the world from different groups, institutions and communities involving both jurists andpractitioners., The Directive on settlement finality in payment and securities settlement systems and the Directiveon financial collateral arrangements were adopted. These two directives are both supplementary legislations for theDirective of the Parliament and of the Council on the reorganisation and winding up of credit institutions dated 4April 2001. All of these directives are the circles of a chain that aim the proper functioning of the internal financialmarket in European Union. In this study, mainly the Collateral Directive will be taken into account. Firstly, thenecessity of a harmonised collateral law and the aims of the Collateral Directive will be handled. Following, themain provisions of the directive will be analysed in details. While analysing in details, the differentimplementations of the directive in member states will be mentioned. Finally, the conflict of laws clause and theconsequences of the directive will be explained.

  11. Project financing in Latin America: The search for greener pastures

    This paper addresses the basic requisites for inducing private capital to engage in infrastructure project financing. Part 1 of this paper provides an overview of project financing considerations, such as how pricing of project outputs and the credit history of output purchasers can affect the availability of project financing, and explores the use of ''Revolving Funds'' as a stimulus for private investment. Part 2 discusses several areas in which governments can become pro-active participants in establishing a sound framework for project financing of infrastructure. Part 3 briefly addresses project structuring and the contractual risk allocation process which is central to project financing, and highlights some of the key legal arrangements found in project contracts

  12. Financing Strategies for Nuclear Fuel Cycle Facility

    To help meet our nation's energy needs, reprocessing of spent nuclear fuel is being considered more and more as a necessary step in a future nuclear fuel cycle, but incorporating this step into the fuel cycle will require considerable investment. This report presents an evaluation of financing scenarios for reprocessing facilities integrated into the nuclear fuel cycle. A range of options, from fully government owned to fully private owned, was evaluated using a DPL (Dynamic Programming Language) 6.0 model, which can systematically optimize outcomes based on user-defined criteria (e.g., lowest life-cycle cost, lowest unit cost). Though all business decisions follow similar logic with regard to financing, reprocessing facilities are an exception due to the range of financing options available. The evaluation concludes that lowest unit costs and lifetime costs follow a fully government-owned financing strategy, due to government forgiveness of debt as sunk costs. Other financing arrangements, however, including regulated utility ownership and a hybrid ownership scheme, led to acceptable costs, below the Nuclear Energy Agency published estimates. Overwhelmingly, uncertainty in annual capacity led to the greatest fluctuations in unit costs necessary for recovery of operating and capital expenditures; the ability to determine annual capacity will be a driving factor in setting unit costs. For private ventures, the costs of capital, especially equity interest rates, dominate the balance sheet; the annual operating costs dominate the government case. It is concluded that to finance the construction and operation of such a facility without government ownership could be feasible with measures taken to mitigate risk, and that factors besides unit costs should be considered (e.g., legal issues, social effects, proliferation concerns) before making a decision on financing strategy

  13. Financing Strategies for Nuclear Fuel Cycle Facility

    David Shropshire; Sharon Chandler


    To help meet our nation’s energy needs, reprocessing of spent nuclear fuel is being considered more and more as a necessary step in a future nuclear fuel cycle, but incorporating this step into the fuel cycle will require considerable investment. This report presents an evaluation of financing scenarios for reprocessing facilities integrated into the nuclear fuel cycle. A range of options, from fully government owned to fully private owned, was evaluated using a DPL (Dynamic Programming Language) 6.0 model, which can systematically optimize outcomes based on user-defined criteria (e.g., lowest life-cycle cost, lowest unit cost). Though all business decisions follow similar logic with regard to financing, reprocessing facilities are an exception due to the range of financing options available. The evaluation concludes that lowest unit costs and lifetime costs follow a fully government-owned financing strategy, due to government forgiveness of debt as sunk costs. Other financing arrangements, however, including regulated utility ownership and a hybrid ownership scheme, led to acceptable costs, below the Nuclear Energy Agency published estimates. Overwhelmingly, uncertainty in annual capacity led to the greatest fluctuations in unit costs necessary for recovery of operating and capital expenditures; the ability to determine annual capacity will be a driving factor in setting unit costs. For private ventures, the costs of capital, especially equity interest rates, dominate the balance sheet; the annual operating costs dominate the government case. It is concluded that to finance the construction and operation of such a facility without government ownership could be feasible with measures taken to mitigate risk, and that factors besides unit costs should be considered (e.g., legal issues, social effects, proliferation concerns) before making a decision on financing strategy.

  14. Public Education Finances, 2005

    US Census Bureau, 2007


    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2005 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  15. Public Education Finances, 2006

    US Census Bureau, 2008


    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2006 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  16. Public Education Finances, 2007

    US Census Bureau, 2009


    Every five years, the U.S. Census Bureau conducts a Census of Government Finance, as authorized by law under Title 13, U.S. Code, Section 182. The 2007 Census, similar to annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and assets (cash and…

  17. Public Education Finances, 2008

    US Census Bureau, 2010


    The United States Census Bureau conducts an Annual Survey of Government Finances as authorized by law under Title 13, United States Code, Section 182. The 2008 survey, similar to other annual surveys and censuses of governments conducted for many years, covers the entire range of government finance activities--revenue, expenditure, debt, and…

  18. Financing landfill gas projects

    The problems of financing landfill gas projects in the UK in the last few years are discussed. The approach of the author in setting up a company to finance such projects in the power generation field and a separate company to design and supply turnkey packages is reported. (UK)

  19. Financing - general considerations

    Various aspects of the problems of financing a multinational regional fuel cycle centre (RFCC) are briefly discussed. Some of the points covered are: financing by participants; floating long-term loans on capital markets outside the countries of the participants; and export credits for the purchase of equipment manufactured outside the countries of the participants

  20. Geothermal Financing Workbook

    Battocletti, E.C.


    This report was prepared to help small firm search for financing for geothermal energy projects. There are various financial and economics formulas. Costs of some small overseas geothermal power projects are shown. There is much discussion of possible sources of financing, especially for overseas projects. (DJE-2005)

  1. Quo Vadis Infrastructure Financing?

    Brodehser, Peter


    1. Introduction 2. The project finance market in 2006/2007 3. Areas affected by the global financial crisis 4. Areas affected by the euro financial crisis 5. Basel III and the consequences for infrastructure financing 6. Outlook – Where do we go from here?

  2. Healthcare financing in Malaysia.

    Kananatu, K


    This paper presents an overview of the Malaysian healthcare system and its method of financing. The development of the healthcare delivery system in Malaysia is commendable. However, the strength and weaknesses of the public healthcare system and the financing problems encountered are also discussed. Cost of healthcare and funding of both the public and private sectors were also revealed. One must optimise the advantages of operating a health financing scheme which is affordable and controllable which contribute towards cost-containment and quality assurance. Thus, there is a need for the establishment of a National Healthcare Financing, a mechanism to sustain the healthcare delivery network and operate it as a viable option. A model of the National Health Financing Scheme (NHFS) was proposed. PMID:12597514

  3. Financing Canadian international operations

    A primer on financing international operations by Canadian corporations was provided. Factors affecting the availability to project finance (location, political risk), the various forms of financing (debt, equity, and combinations), the main sources of government backed financing to corporations (the International Finance Corporation) (IFC), the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Overseas Property Insurance Corporation (OPIC), government or agency guarantees, political risk coverage, the use of offshore financial centres, and the where, when and how these various organizations operate, were reviewed. Examples of all of the above, taken from the experiences of Canadian Occidental Petroleum of Calgary in the U.S., in South America, in the Middle and Far East, and in Kazakhstan, were used as illustrations. figs

  4. Solution conduits as indicators of late Quaternary sea level position

    Mylroie, John E.; Carew, James J.

    Solution conduits or caves can provide a measure of glacio-eustatic sea level position for the Quaternary. In high latitudes, cave deposits contain artifacts, fossils and sediments that reflect surface conditions with respect to climate. Secondary calcite deposits, most notably stalagmites, record growth episodes during ice minima and non-growth during ice maxima. They provide an indirect estimate of areal ice cover at high latitudes, and are an indirect measure of sea level. In low latitudes, stable carbonate platforms contain caves that provide a direct measure of past sea level position. Solution conduits developing in a fresh water lens will record the position of the lens and therefore sea level. As sea level fluctuates, fresh water lens horizons and conduit development horizons will shift, preserving a record of past sea level position. Cave wall rock and cave deposits can produce a chronology for given conduit positions. Secondary calcite deposits, notably stalagmites, record growth periods during sea level low stands (or ice maxima) and record growth hiatuses during flooding by sea level high stands (or ice minima); the inverse of high latitude stalagmites. Lighthouse Cave, San Salvador Island, Bahamas, records a sea level high stand at +1 to +6 m for some time period between 85,000 and 70,000 years ago, based on position and timing of conduit development; and records sea level at present elevation for some time period between 49,000 and 37,000 years ago, based on a stalagmite with a marine overgrowth.

  5. Financing Internal Buyouts of Private Companies: SCIN Attractive If Valuation Issues Can Be Resolved

    Crain, Terry; Hamill, James


    In planning for succession of ownership, oftentimes the owner of a private business seeks to sell the business to either family members or employees. Arranging outside financing may be difficult or costly, making internal financing attractive. Self-cancelling installment notes (SCINs) provide an opportunity to finance the transfer of ownership at a favorable interest rate and to obtain income and estate tax advantages. However, to pass muster with the Internal Revenue Service, the SCIN must i...

  6. Universal Health Insurance in the Clinton Plan: Coverage as a Tax-Financed Public Good

    Pauly, Mark V


    The financing arrangements embodied in the Clinton health reform plan involve some important differences in the way in which public goods are usually financed. The subsidies to small, low-wage firms mandated to provide benefits distort markets in both labor and products, and offer incentives for the creation of small firms. In addition, the financing scheme implicitly envisions a head tax on families at modest income levels but offers a possible rationale for it. Nevertheless, the main reason...

  7. The Determinants of Debt Financing

    Zhao, Chenkai


    Debt financing is an important part in capital structure. Over the fifty years, most scholars and researchers focus primarily on the balance between debt financing and equity financing. And only few research involve in types of debt financing, as well as the determinant of debt financing. This study is aim to analyse the determinate of debt financing, which examine that the influence by eight different elements. This dissertation examined by quantitative techniques with 591 UK listed comp...

  8. Mezzanine finance and corporate restructuring

    Tetřevová, Liběna


    The article deals with the problems of mezzanine finance in relation to corporate restructuring. The term mezzanine finance is used as a term for hybrid forms of financing that combine elements of debt and equity financing. Mezzanine finance represents an alternative form of financing restructuring activities of companies. The corporate restructuring means the whole reorganization of company, regeneration of all entrepreneurial parts. Corporate restructuring is based on realization of suit...

  9. Nuclear core region fastener arrangement

    An arrangement is disclosed for cooling the fasteners affixing a core barrel to a core former and a core baffle to a core former in the reactor vessel internals of a nuclear reactor. The arrangement allows the flowing reactor coolant to contact the fasteners, preferably bolts with an elliptical neck, and maintains lower bolt operating temperatures than previously experienced

  10. Arranging World Music for Instrumentalists.

    Bieber, Arnold B.


    States that creating "authentic" world music arrangements that are faithful to indigenous performances provides a means for teaching instrumental students about the sounds of other cultures. Discusses how to choose a piece of world music, how to transcribe a performance, and how to develop the arrangement. Addresses additional instructional…

  11. IAEA paper on institutional arrangements

    At its fifth series of meetings, Working Group 3 received a background paper prepared by the IAEA which had a threefold purpose: firstly, to provide an overview on institutional arrangements under consideration by the INFCE Working Groups; secondly, to explore potential relationships between the various institutional arrangements under consideration; and thirdly, to identify areas where further analysis might be desirable

  12. Interactions of large amplitude solitary waves in viscous fluid conduits

    Lowman, Nicholas K; El, Gennady A


    The free interface separating an exterior, viscous fluid from an intrusive conduit of buoyant, less viscous fluid is known to support strongly nonlinear solitary waves due to a balance between viscosity-induced dispersion and buoyancy-induced nonlinearity. The overtaking, pairwise interaction of weakly nonlinear solitary waves has been classified theoretically for the Korteweg-de Vries equation and experimentally in the context of shallow water waves. We use numerical simulations and experimental observations to extend the classification scheme to the strongly nonlinear regime for viscous conduit solitary waves, where we identify three classes of nonlinear interaction behavior: purely bimodal, purely unimodal, and a mixed type. The magnitude of the dispersive radiation due to solitary wave interactions is quantified numerically and observed to be beyond the sensitivity of our experiments, suggesting that conduit solitary waves are approximately solitons. Experimental data are shown to be in excellent agreemen...

  13. Project financing in the energy sector: The Indonesian experience

    Past Indonesian experiences in arranging Project Financing or Limited Recourse Financing in the Energy Sector and the feasibility of such a structure for Nuclear Power Projects are reviewed in this paper. Many of the projects in the energy sector, including Nuclear Power Project are capital intensive projects. A single project may require an investment level of several billion dollars. Large capital investments of this nature may drastically limit the availability of funds from external sources used to finance other non-energy projects in a developing country such as Indonesia. Therefore, the financing concept of a project is becoming a paramount element in the policies adopted by the Republic of Indonesia. As an example, a non-recourse finance structure is the preference of the government for export oriented energy projects. The aim of the government financing policy for export oriented energy projects is to limit the recourse to the applicable Indonesian state enterprise (the project sponsor) by transferring to third parties as much of the project risks as possible. Most of the export oriented energy projects come close to achieving a non-recourse structure. Domestic oriented energy projects however, continue to be financed with a loan guarantee by the government or by state owned enterprises. In addition to maintaining fund availability from external sources for the non-energy sector, Indonesia's reported external debts as well as debt service ratios are other factors in considering a limited recourse financing structure for capital intensive projects. (author)

  14. The Finance Curse

    Christensen, John; Shaxson, Nick; Wigan, Duncan


    The Global Financial Crisis placed the utility of financial services in question. The crash, great recession, wealth transfers from public to private, austerity and growing inequality cast doubt on the idea that finance is a boon to the host economy. This article systematizes these doubts to......, economic instability, inequality, conflict, rent-seeking and corruption. The Finance Curse produces similar effects, often for similar reasons. Beyond a point, a growing financial sector can do more harm than good. Unlike the Resource Curse, these harms transcend borders. The concept of a Finance Curse...

  15. Innovative M and A financing structures

    The structuring and financing of mergers and acquisitions (M and A) is one of the most critical elements of a takeover process, given that Canadian securities law requires that any takeover must be 'fully financed'. It follows therefore, that in order to comply with securities laws, the financing for a takeover must be arranged in advance of making such a bid. This paper describes the structuring of an offer, outlines the sources of M and A financing, including a review of the 'full capital solution', reviews the key forces influencing the financial structuring of takeover bids, and provides examples of recent M and A transactions in the oil and gas resources sectors. Case histories of two recent mergers and acquisitions, one involving Sun Media Corporation and Rogers Communication Inc., the other John Labatt Limited and the Onex Corporation, were reviewed in detail. The importance of proper structuring of the offer for the specific target's shareholders, as well as for future business operations was stressed

  16. Seychelles: 2010 Article IV Consultation and Second Review Under the Extended Arrangement, Request for Rephasing of Disbursements, and Financing Assurances Review-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Seychelles

    International Monetary Fund


    Seychelles's strong stabilization efforts has helped the economy to overcome debt crisis and global recession under the Stand-By Arrangement (SBA). But the authorities need to address monetary policy trade-offs, and financial sector challenges exist. Executive Directors welcomed Seychelles's structural reform agenda, which aims at enhancing public financial and central bank management, strengthening competition and risk management, and reducing the role of the state in the financial system. D...

  17. Nuclear cooperation through institutional arrangements

    The development of nuclear technologies and their applications require international cooperation through educational, research, commercial and inter-governmental arrangements. These arrangements may be on bilateral, regional or international bases. With the oncoming age of globalization, it is apparent that more international cooperative efforts will be undertaken on a global scale. This presentation focused on the three major issues for international cooperation: nuclear non-proliferation, nuclear safety and nuclear waste management. It is estimated that in the context of Asia-Pacific Economic Cooperation, the Pacific Nuclear Council could provide a fruitful institutional arrangement for nuclear cooperation

  18. To finance the transition

    A set of brief articles illustrates the emergence of innovating and operational financing tools aimed at supporting energy transition in France and in Europe. As far as France is concerned, different examples are evoked: raising local savings, crowd-funding for renewable energies, citizen investment, cooperation between industries, communities and citizens, a semi-public company with citizen participation, the case of the Nancy urban community, a joint experience by a local public company and an investment fund. As far as Europe is concerned, the following topics or examples are evoked: local policies as lever for European financing, the Danish example of citizen-based financing, crowd-funding in the UK, the European emergence of cooperatives. As far as banks and institutions are concerned, the following topics are addressed: tools implemented by the Caisse des Depots for energy transition, the roles of banks and of public institutions in the financing of energy transition

  19. Financing Public Service Broadcasting

    Berg, Christian Edelvold; Lund, Anker Brink


    Broadcasting (PSB) financing regimes in Europe, concluding that Denmark, Finland, Iceland, Norway, and Sweden may still be considered conventional, licence fee PSB countries, but with some interesting differences in relation to competitive and market oriented alternatives of resource provision...

  20. Financing Sustainable Development

    Fejerskov, Adam Moe; Funder, Mikkel; Engberg-Pedersen, Lars; Jiang, Yang; Ravnborg, Helle Munk; Webster, Neil

    In the fall of 2015, world leaders adopted the most ambitious global development agenda in history. Meeting the aspiring targets of the Sustainable Development Goals will require financing far beyond traditional aid. At the same time, aid itself is under major pressure as European governments cut...... aid budgets or divert them to meet refugee and migration issues. In this context of massive global ambition and concurrent uncertainty on the future of aid, other actors and sources of development financing seem ever more critical, such as the private sector, private foundations and the BRICS. But...... what are in fact the interests and modes of operation of such actors in the context of development financing, and to what extent do they align with the aims of the SDGs? And how do national governments of developing countries themselves perceive and approach these new sources of financing?...




    Full Text Available The emergence of public finances is due to objective causes needs and determined their main function being to obtain the financial resources it needs for the State to exercise its powers and on the way to intervene in the economy and society general. Public finances are necessary, subjectively and objectively, as it contributes to accomplishing the tasks and functions of the state, which could not be realized without financial leverage. Public finances are inextricably linked to the existence of the state, and public sector's role in the economy. Thus, they express "social relations, economic arising in the establishment and use of public funds between the state, on the one hand, and members of society on the other hand, to meet the needs of general interest of society" [1]. Thus, the role of public finance is to meet the needs of general interest or collective needs.

  2. Export development financing

    The main activities of the Export Development Corporation (EDC) were described, as well as some of the changes currently being implemented. EDC is Canada's official export credit agency, providing risk management services such as insurance, loans, guarantees, equity and leasing. EDC's project finance initiative started in 1991, and focused mainly on the up-front process. It has established itself as a recognized leader in project financing. It has over 15 years experience in a variety of sectors and countries. Energy projects financed to date include hydro projects in India, Argentina and Pakistan, and thermal projects in Thailand, China, Indonesia and Egypt. Lending criteria used to select projects were outlined, along with the risks endemic to project financing

  3. Financing Professional Sports Facilities

    Baade, Robert A.; Victor A. Matheson


    This paper examines public financing of professional sports facilities with a focus on both early and recent developments in taxpayer subsidization of spectator sports. The paper explores both the magnitude and the sources of public funding for professional sports facilities.

  4. Health Financing Policy

    Cashin, Cheryl


    This guidance note outlines the key components of the macroeconomic, fiscal, and public financial management context that need to be considered for an informed health financing discussion at the country level. The guidance note is organized around four sets of questions that are key to placing the health financing dialogue in the context of a country’s macroeconomic and fiscal context. Each section points to measures, resources, and analytical tools that are available to assist in answering...

  5. Qualitative research in finance

    Dan Kaczynski; Michelle Salmona; Tom Smith


    This paper provides an overview of qualitative research to encourage finance researchers to apply a more diverse approach to current research practices. Social science researchers recognize that research questions should determine what research paradigm is best for each study. Imagine the benefits to finance if we expand our empirical sources of data to include what people have to say, which then allows us to explore the complex reasoning behind these conversations. It is the intent of this p...

  6. International Macro-Finance

    Pavlova, Anna; Rigobon, Roberto


    International macro-finance is a new area of open economy macroeconomics that brings portfolio choice and asset pricing considerations into models of international macroeconomics. The importance of these considerations--typically relegated to Finance and largely overlooked in traditional macroeconomics--for the international macroeconomy have been underscored by a series of recent financial crises and by unprecedented global imbalances. In this paper, we survey recent developments in this are...

  7. What can behavioural finance teach us about finance?

    Werner DeBondt; William Forbes; Paul Hamalainen; Yaz Gulnur Muradoglu


    Purpose – The paper draws on the key themes raised at a Round Table discussion on behavioural finance attended by academics and practitioners. The paper provides a background to the key aims of behavioural finance research and the development of the discipline over time. The purpose of this paper is to indicate some future research issues on behavioural finance that emanate from the financial crisis and highlight areas of mutual benefit to both behavioural finance academics and the finance in...

  8. International energy financing

    Some of the innovative financing options being considered by developing countries and economies in transition as ways of mobilizing international energy financing are discussed. Build-Own-Operate (BOO) and Transfer (BOOT) is the most commonly adopted approach. This involves limited resource financing of a project on the basis of the associated cash flow and risks and not on the credit of the project owners. The World Bank has set up the Multilateral Investment Guarantee Agency to provide, on a fee basis, guarantees against certain non-commercial forms of risk in order to promote international capital flow to developing countries. In 1989, the World Bank introduced the Expanded Co-financing Operations (ECO) programme as an instrument to catalyze the flow of private finance into developing countries and to improve their access to international financial markets. Other financial instruments currently being established include: leasing of equipment or whole plants by foreign investors; private ownership or operation of generation and distribution facilities; exchange of specific export goods for energy imports; developing instruments to finance local costs; revenue bonds; tax-exempt bonds; sale of electricity futures to those seeking more stable, longer term electricity price contracts. (UK)

  9. Exploring Higher Education Financing Options

    Nkrumah-Young, Kofi K.; Powell, Philip


    Higher education can be financed privately, financed by governments, or shared. Given that the benefits of education accrue to the individual and the state, many governments opt for shared financing. This article examines the underpinnings of different options for financing higher education and develops a model to compare conditions to choices and…

  10. Financing energy projects in Africa

    Contains Executive Summary and Chapters on: Overview of financing trends in Africa; Multilateral support - Bedrock of Africa's first generation energy projects; ECA insurance and financing; Bilateral development finance; Offshore commercial bank lending; Local commercial bank finance; Capital markets; Legal ramifications ; Risk factors; Conclusions. (Author)

  11. Biomechanical properties of decellularized porcine pulmonary valve conduits.

    Seebacher, Gernot; Grasl, Christian; Stoiber, Martin; Rieder, Erwin; Kasimir, Marie-Theres; Dunkler, Daniela; Simon, Paul; Weigel, Günter; Schima, Heinrich


    Tissue-engineered heart valves constructed from a xenogeneic or allogeneic decellularized matrix might overcome the disadvantages of current heart valve substitutes. One major necessity besides effective decellularization is to preserve the biomechanical properties of the valve. Native and decellularized porcine pulmonary heart valve conduits (PPVCs) (with [n = 10] or without [n = 10] cryopreservation) were compared to cryopreserved human pulmonary valve conduits (n = 7). Samples of the conduit were measured for wall thickness and underwent tensile tests. Elongation measurement was performed with a video extensometer. Decellularized PPVC showed a higher failure force both in longitudinal (+73%; P < 0.01) and transverse (+66%; P < 0.001) direction compared to human homografts. Failure force of the tissue after cryopreservation was still higher in the porcine group (longitudinal: +106%, P < 0.01; transverse: +58%, P < 0.001). In comparison to human homografts, both decellularized and decellularized cryopreserved porcine conduits showed a higher extensibility in longitudinal (decellularized: +61%, P < 0.001; decellularized + cryopreserved: +51%, P < 0.01) and transverse (decellularized: +126%, P < 0.001; decellularized + cryopreserved: +118%, P < 0.001) direction. Again, cryopreservation did not influence the biomechanical properties of the decellularized porcine matrix. PMID:18181800

  12. Evaluation of the MODFLOW-2005 Conduit Flow Process.

    Hill, Melissa E; Stewart, Mark T; Martin, Angel


    The recent development of the Conduit Flow Process (CFP) by the U.S. Geological Survey (USGS) provides hydrogeologic modelers with a new tool that incorporates the non-Darcian, multiporosity components of flow characteristic of karst aquifers. CFP introduces new parameters extending beyond those of traditional Darcian groundwater flow codes. We characterize a karst aquifer to collect data useful for evaluating this new tool at a test site in west-central Florida, where the spatial distribution and cross-sectional area of the conduit network are available. Specifically, we characterize: (1) the potential for Darcian/non-Darcian flow using estimates of specific discharge vs. observed hydraulic gradients, and (2) the temporal variation for the direction and magnitude of fluid exchange between the matrix and conduit network during extreme hydrologic events. We evaluate the performance of CFP Mode 1 using a site-scale dual-porosity model and compare its performance with a comparable laminar equivalent continuum model (ECM) using MODFLOW-2005. Based on our preliminary analyses, hydraulic conductivity coupled with conduit wall conductance improved the match between observed and simulated discharges by 12% to 40% over turbulent flow alone (less than 1%). PMID:20113361

  13. Frictional melting and stick-slip behavior in volcanic conduits

    Kendrick, Jackie Evan; Lavallee, Yan; Hirose, Takehiro; di Toro, Giulio; Hornby, Adrian Jakob; Hess, Kai-Uwe; Dingwell, Donald Bruce


    Dome-building eruptions have catastrophic potential, with dome collapse leading to devastating pyroclastic flows with almost no precursory warning. During dome growth, the driving forces of the buoyant magma may be superseded by controls along conduit margins; where brittle fracture and sliding can lead to formation of lubricating cataclasite and gouge. Under extreme friction, pseudotachylyte may form at the conduit margin. Understanding the conduit margin processes is vital to understanding the continuation of an eruption and we postulate that pseudotachylyte generation could be the underlying cause of stick-slip motion and associated seismic "drumbeats", which are so commonly observed at dome-building volcanoes. This view is supported by field evidence in the form of pseudotachylytes identified in lava dome products at Soufrire Hills (Montserrat) and Mount St. Helens (USA). Both eruptions were characterised by repetitive, periodic seismicity and lava spine extrusion of highly viscous magma. High velocity rotary shear (HVR) experiments demonstrate the propensity for melting of the andesitic and dacitic material (from Soufrire Hills and Mount St. Helens respectively) at upper conduit stress conditions (pressures from ascending magma below eventually overcome resistance to produce a rapid slip event (the "slip") along the melt-bearing slip zone, which is temporarily lubricated due to velocity-weakening. New magma below experiences the same slip event more slowly (as the magma decompresses) to produce a viscous brake and the process is repeated. This allows a fixed spatial locus that explains the repetitive drumbeat seismicity and the occurrence of "families" of similar seismic events. We conclude that stick-slip motion in volcanic conduits is a self-driving, frictional-melt-regulated force common to many dome building volcanoes.

  14. AC loss characteristics of simulated CIC-type conductors having plastic conduit

    When alternating current superconducting coils having cable-in-conduit conductors are fabricated, non-metallic conduit materials are necessary to avoid eddy current losses in the conduits. Using two kinds of non-metallic tapes made of glass fiber reinforced plastics (GFRPs) and Dyneema fiber reinforced plastics (DFRPs), we made the conductors with the GFRP conduits and DFRP conduits, and experimentally studied the total losses of the conductors. The measured results showed that the total loss of the conductor with the GFRP conduit was smaller than that with the DFRP conduit at the same value of the void ratio, the transport current, the external magnetic field, and so on. When the void ratios become high, the superconducting bundle cable can easily move in the conduit. Hence the measured total losses increased with the void ratios of the conductors

  15. Results and analysis of the hot-spot temperature experiment for a cable-in-conduit conductor with thick conduit

    Sedlak, Kamil; Bruzzone, Pierluigi


    In the design of future DEMO fusion reactor a long time constant (?23 s) is required for an emergency current dump in the toroidal field (TF) coils, e.g. in case of a quench detection. This requirement is driven mainly by imposing a limit on forces on mechanical structures, namely on the vacuum vessel. As a consequence, the superconducting cable-in-conduit conductors (CICC) of the TF coil have to withstand heat dissipation lasting tens of seconds at the section where the quench started. During that time, the heat will be partially absorbed by the (massive) steel conduit and electrical insulation, thus reducing the hot-spot temperature estimated strictly from the enthalpy of the strand bundle. A dedicated experiment has been set up at CRPP to investigate the radial heat propagation and the hot-spot temperature in a CICC with a 10 mm thick steel conduit and a 2 mm thick glass epoxy outer electrical insulation. The medium size, ? = 18 mm, NbTi CICC was powered by the operating current of up to 10 kA. The temperature profile was monitored by 10 temperature sensors. The current dump conditions, namely the decay time constant and the quench detection delay, were varied. The experimental results show that the thick conduit significantly contributes to the overall enthalpy balance, and consequently reduces the amount of copper required for the quench protection in superconducting cables for fusion reactors.

  16. Hemiresective reconstruction of a redundant ileal conduit with severe bilateral ileal conduit-ureteral re fl ux.

    Fujimura, Tetsuya; Minowada, Shigeru; Kishi, Hiroichi; Hamasaki, Kimihisa; Saito, Kiyoshi; Kitamura, Tadaichi


    A 58-year-old man was referred to our hospital with high fever and anuria. Since undergoing a total pelvic exenteration due to bladder-invasive sigmoid colon cancer, urinary tract infections had frequently occurred. We treated with the construction of a bilateral percutaneous nephrostomy (PCN), and chemotherapy. Although we replaced the PCN with a single J ureteral catheter after an improvement of infection, urinary infection recurred because of an obstruction of the catheter. Urological examinations showed that an ileal conduit-ureteral reflux caused by kinking of the ileal loop was the reason why frequent pyelonephritis occurred. We decided to resect the proximal segment to improve conduit-ureteral reflux for the resistant pyelonephritis. After the surgery, the excretory urogram showed improvement and the urinary retention at the ileal conduit disappeared. Three years after the operation, renal function has been stable without episodes of pyelonephritis. Here we report a case of open repair surgery of an ileal conduit in a patient with severe urinary infection. PMID:16323988

  17. Financing responsibility for nuclear waste disposal

    The basic premise for financing arrangements for the disposal of nuclear waste is that the nuclear industry - not the taxpayer - must bear the costs. Present regulations, however, are imperfect in this regard. The Inquiry therefore proposes extending the financial liability of the nuclear industry and introducing new fee-setting arrangements. It is proposed that a new law be enacted to regulate these changes. The present financing system is regulated in the 'Financing Act' 1. Under this Act, the licensed owner and operator of a nuclear reactor is required to pay an annual fee and provide guarantees to the State. Four companies are reactor owners. These companies are wholly or partly owned by other companies according to various arrangements. Each reactor owner is responsible for its own dismantling costs and for its share of allocated common costs of disposal and related measures. If there is insufficient money in the funds, the nuclear industry will still be liable. The basic premise of the Inquiry is that the financing system should be designed so as to minimise the risk that the State (and taxpayers) will need to step in and pay. Although the nuclear industry is intended to have full liability for payment, in practice it does not. This is because the formal full liability for payment in the nuclear industry rests with the reactor companies and not where the industry's long-term ability to pay is to be found. Essentially, the present arrangements mean that: - Companies that cannot be expected to have any long-term ability to pay have unlimited liability, and - Companies that can be expected to have an ability to pay have very limited liability. The Inquiry therefore proposes that ability to pay and liability are brought into line by a formal assumption by owning companies of the sort of liability for payment that now rests solely with the reactor companies. This means that the owning company in each group that is best suited to bear the liability for payment - which in principle is likely to be the leading company in the group - will also assume liability through a payment guarantee. The extended requirement to pay fees for the period until the final disposal sites are sealed and the secondary liability for payment are central components of the proposed new design of the financing system. In other cases where the State assumes risks, risk assessments are made. This applies, for example, when the State provides guarantees in the area of export credits. In the view of the Inquiry, however, the State has not followed an appropriate course of action in managing the financial risk involved in this case. Use must be made of descriptions of risks in other projects and experience of managing financial risks of other projects. The Inquiry considers that a different system and different management is required in order to put the liability of the nuclear industry for costs into place - and so limit the financial risk borne by the State. The Inquiry considers it essential that the use of funds is followed up and audited so as to maintain confidence in the financing system. The Inquiry considers that a three-year fee period should create scope for auditing and control and proposes that the safety authority be instructed in an ordinance to draw up rules aimed at facilitating follow-up by requiring time limits, comparability, etc. It is proposed that auditing be made part of a new financially oriented line of activity at the authority. It is proposed further that the safety authority be instructed to deliver an account to the Government every three years regarding its assessment of the most important risk factors in the withdrawals process. The Inquiry proposes that the National Debt Office be instructed to review the issue of a fee for the State's financial risk three years after a new financing system has entered into force

  18. Synergistic effects of micropatterned biodegradable conduits and Schwann cells on sciatic nerve regeneration

    Rutkowski, Gregory E.; Miller, Cheryl A.; Jeftinija, Srdija; Mallapragada, Surya K.


    This paper describes a novel biodegradable conduit that provides a combination of physical, chemical and biological cues at the cellular level to facilitate peripheral nerve regeneration. The conduit consists of a porous poly(D,L-lactic acid) (PDLLA) tubular support structure with a micropatterned inner lumen. Schwann cells were pre-seeded into the lumen to provide additional trophic support. Conduits with micropatterned inner lumens pre-seeded with Schwann cells (MS) were fabricated and compared with three types of conduits used as controls: M (conduits with micropatterned inner lumens without pre-seeded Schwann cells), NS (conduits without micropatterned inner lumens pre-seeded with Schwann cells) and N (conduits without micropatterned inner lumens, without pre-seeded Schwann cells). The conduits were implanted in rats with 1 cm sciatic nerve transections and the regeneration and functional recovery were compared in the four different cases. The number or size of regenerated axons did not vary significantly among the different conduits. The time of recovery, and the sciatic function index, however, were significantly enhanced using the MS conduits, based on qualitative observations as well as quantitative measurements using walking track analysis. This demonstrates that biodegradable micropatterned conduits pre-seeded with Schwann cells that provide a combination of physical, chemical and biological guidance cues for regenerating axons at the cellular level offer a better alternative for repairing sciatic nerve transactions than conventional biodegradable conduits.

  19. Cryovolcanic Conduit Evolution and Eruption on Icy Satellites

    Mitchell, K. L.


    In silicate volcanism, such as on Earth or Io, eruptions typically result from fracture formation caused by interaction of tectonic stresses with inflating, pressurized magma sources, leading to transport of melt through an evolving conduit. On icy satellites the paradigm may be similar, resulting from some combination of tidal stresses and expansion of freezing water within, or near the base of, an ice shell. Such a fracture will result in eruption if mass continuity can be established, with buoyancy aided by exsolution and expansion of dissolved volatiles. After onset, conduit shape evolves due to: (1) shear-stresses or frictional erosional; (2) wallrock "bursting" due to massive wall stresses; (3) wall melting or condensation of particles due to heat transfer; or (4) changes in applied stresses. Preliminary thermodynamic and fluid mechanical analysis suggests some initial cooling during ascent resulting from exsolution and expansion of volatiles, thermally buffered by freezing, Conduit contraction may occur, and so evolution towards a deep, gas-filled plume chamber is difficult to accommodate without evoking a co-incidental process. Conduit flaring occurs near the surface where velocities are greatest, enhancing erosion. Here, viscous dissipative heating exceeds adiabatic cooling, and so some boiling (a few wt%) may occur. In contrast with silicate volcanism, decompression to below the triple point will occur within conduit, vent or jet, resulting in rapid freezing and boiling of the remaining water at a 6.8:1 ratio. Subsequent isentropic or adiabatic expansion within erupting jets may result in a few percent net of condensation or sublimation. These effects combined lead to ~4:1-7:1 solid:vapor ratios in the jet for most eruption conditions. These figures are consistent with the ~6:1 inferred in Enceladus' jets, supporting the hypothesis that the Enceladus plume draws from a subsurface body of liquids through a conduit. Similar results are anticipated if cryovolcanic plumes are confirmed on Europa. However, eruption from an ocean is more challenging there, as far greater volatile contents would be required to facilitate mass continuity from an initial fracture, and hence eruption, from the higher pressure source. Shallower sources, such as proposed under chaos, are less challenging.

  20. Implantation of neural stem cells embedded in hyaluronic acid and collagen composite conduit promotes regeneration in a rabbit facial nerve injury model

    Sun Chong


    Full Text Available Abstract The implantation of neural stem cells (NSCs in artificial scaffolds for peripheral nerve injuries draws much attention. NSCs were ex-vivo expanded in hyaluronic acid (HA-collagen composite with neurotrophin-3, and BrdU-labeled NSCs conduit was implanted onto the ends of the transected facial nerve of rabbits. Electromyography demonstrated a progressive decrease of current threshold and increase of voltage amplitude in de-innervated rabbits after implantation for one, four, eight and 12 weeks compared to readouts derived from animals prior to nerve transection. The most remarkable improvement, observed using Electrophysiology, was of de-innervated rabbits implanted with NSCs conduit as opposed to de-innervated counterparts with and without the implantation of HA-collagen, NSCs and HA-collagen, and HA-collagen and neurotrophin-3. Histological examination displayed no nerve fiber in tissue sections of de-innervated rabbits. The arrangement and S-100 immunoreactivity of nerve fibers in the tissue sections of normal rabbits and injured rabbits after implantation of NSCs scaffold for 12 weeks were similar, whereas disorderly arranged minifascicles of various sizes were noted in the other three arms. BrdU+ cells were detected at 12 weeks post-implantation. Data suggested that NSCs embedded in HA-collagen biomaterial could facilitate re-innervations of damaged facial nerve and the artificial conduit of NSCs might offer a potential treatment modality to peripheral nerve injuries.

  1. Financing tourist activity

    Vujovi? Slavoljub


    Full Text Available This paper researches which of the possible financing models (self-financing, loan, mutual fund, issuing securities and leasing is the most convenient for tourism financing on the grounds of opinions and views of student population. Taking into account that future social and economic development depends on student population, that in every society intellectual endeavor (science and art exists ever since man exists, that the overall progress of mankind is based on the great intellectual endeavor of former civilizations, as well as the fact that Western Serbia has remarkable natural and anthropogenic characteristics suitable for valorization for the purpose of tourism development, the research questions were formulated and the research was performed. The methods used were: analysis, correlation, deduction and induction. Field research has been of the primary importance and it was based on questionnaires, interviews and in-depth interview. [Projekat Ministarstva nauke Republike Srbije, br. 46001 i br. 47007

  2. Financing and insurance problems

    The author analyses the papers presented at the Paris Conference on the maturity of nuclear energy. It is evident that financing possibilities will be a determinant factor in the rate of development of nuclear power during the years to come. After having evaluated the capital requirements necessitated for the development of nuclear programmes, the parties intervening have examined the means at the disposal of electricity manufacturers to meet these needs (self-financing, recourse to external financing, regrouping, on an international scale of the electricity manufacturers of the setting up of high capacity plants). As concerns the insurance problems, they are becoming more and more involved as nuclear applications, are further diversified and intensified. The parties intervening have discussed new tarification techniques likely to be applied and pointed out the possibilities offered by regrouping or pooling of insurers (Market Pool) which allow for a maximum of risks to be covered without exceeding the means proper to each company concerned

  3. The Finance Curse

    Christensen, John; Shaxson, Nick; Wigan, Duncan


    The Global Financial Crisis placed the utility of financial services in question. The crash, great recession, wealth transfers from public to private, austerity and growing inequality cast doubt on the idea that finance is a boon to the host economy. This article systematizes these doubts to...... highlight the perils of an oversized financial sector. States failing to harness natural resources for development led to the concept of the Resource Curse. In many countries, resource dependence generated slower growth, crowding out, reduced economic diversity, lost entrepreneurialism, unemployment......, economic instability, inequality, conflict, rent-seeking and corruption. The Finance Curse produces similar effects, often for similar reasons. Beyond a point, a growing financial sector can do more harm than good. Unlike the Resource Curse, these harms transcend borders. The concept of a Finance Curse...

  4. Storage arrangements for nuclear fuel

    A storage arrangement for spent nuclear fuel either irradiated or pre-irradiated or for vitrified waste after spent fuel reprocessing, comprises a plenum chamber which has a base pierced by a plurality of openings each of which has sealed to it an open topped tube extending downwards and closed at its lower end. The plenum chamber, with the tubes, forms an air-filled enclosure associated with an exhaust system for exhausting air from the system through filters to maintain the interior of the enclosure at sub-atmospheric pressure. The tubes are arranged to accommodate the stored fuel and the arrangement includes a means for producing a flow of cooling air over the exterior of the tubes so that the latter effectively form a plurality of heat exchangers in close proximity to the fuel. The air may be caused to flow over the tube surfaces by a natural thermosyphon process. (author)

  5. Reactor vessel head support arrangement

    A support and sealing arrangement is described for the vessel head of a nuclear reactor. The arrangement comprises a first support ring supported in the vessel cavity in which the reactor vessel is disposed, a plurality of flexible struts spaced about the circumference of the reactor vessel each of which has one end connected to the first support ring, and a second support ring which is supported by the other ends of the flexible struts to support the vessel head. The first and second support rings are each concentrically arranged with respect to the reactor vessel. Also, sealing means are provided for preventing fluid communication between the interior of the reactor vessel and the vessel cavity, and between the vessel cavity and the outside atmosphere

  6. Arranged marriages annulled by law.

    Zhu, H


    The arranged marriages of 210 young people in Yongle Town in Zunyi County of Guizhou Province were dissolved in 1995. The proportion of child betrothals, which generally happens among close relatives, is as high as 85% in the town. Some engagements, known as fetus betrothals or belt betrothals, are arranged before the children are born or while they are still infants strapped (belted) to their mothers. Dissemination of information from the Constitution, the Marriage Law, and the Regulations on the Registration of Marriage concerning marriage, healthier births, and good upbringing of children, and other information on reproductive health, has shown young people that they have the freedom to love and marry of their own free will, that their marriage is protected by law, and that consanguineous marriage is harmful to the health of future generations. Some convinced their parents that their arranged marriages should be annulled. PMID:12291696

  7. Transitional arrangements for ITER started

    Negotiations by the ITER Parties on the Agreement on the Establishment of the International Fusion Energy Organization for the Joint Implementation of the ITER Project (ITER Implementation Agreement, or simply 'the Agreement') and on the site selection for construction of the ITER machine are making good progress. Therefore, the ITER Parties decided that subsequent to the ITER Co-ordinated Technical Activities (CTA), the Transitional Arrangements for ITER (ITA or 'the Arrangements') will start on 1 January 2003, conducted under the auspices of the IAEA, and will terminate upon the entry into force of the Agreement, or at such earlier date as the Participants may decide. The Parties to the ITER Engineering Design Activities and the participants in the Negotiations on the ITER Joint Implementation wishing to co-operate in the ITER Transitional Arrangements will be the ITA Participants ('the Participants'). All four current ITER Parties, namely Canada, the European Union, Japan, and the Russian Federation confirmed, before the end of 2002, in their letters to the IAEA Director General their intention to participate in the ITA. The Arrangements are also open to new Participants acceding the Negotiations. The purpose of the ITA is to prepare for an efficient start of the Agreement, if and when so decided, and to maintain the integrity of the ITER Project. The overall direction of the Arrangements, as well as the supervision of their implementation will be exercised by the ITER Preparatory Committee ('the Committee'). It will be composed of two members from each Participant to the Arrangements. In exercising its functions, the Committee shall work for a smooth transition towards the organization and structure for ITER construction being developed in the frame of the ITER Negotiations. The first meeting of the Committee is scheduled for St. Petersburg, RF, on 17 February 2003

  8. Health Capital and Finance

    Holland, Sara Bryant


    In corporate finance, we study the investment decisions of firms. Most of the time we focus on investments in physical capital, but firms also invest in human capital. A major component of human capital is health capital, and firms already spend a large amount of money on the health of their employees. In 2005, for example, employers in the United States spent more than $500 billion on group health insurance, which firms use to invest in their workers' health capital. Corporate finance has no...

  9. Guidebook to Geothermal Finance

    Salmon, J. P.; Meurice, J.; Wobus, N.; Stern, F.; Duaime, M.


    This guidebook is intended to facilitate further investment in conventional geothermal projects in the United States. It includes a brief primer on geothermal technology and the most relevant policies related to geothermal project development. The trends in geothermal project finance are the focus of this tool, relying heavily on interviews with leaders in the field of geothermal project finance. Using the information provided, developers and investors may innovate in new ways, developing partnerships that match investors' risk tolerance with the capital requirements of geothermal projects in this dynamic and evolving marketplace.

  10. Single-friction-surface triboelectric generator with human body conduit

    Meng, Bo; Cheng, Xiaoliang; Zhang, Xiaosheng; Han, Mengdi; Liu, Wen; Zhang, Haixia, E-mail: [National Key Lab of Nano/Micro Fabrication Technology, Peking University, Beijing 100871 (China)


    We present a transparent single-friction-surface triboelectric generator (STEG) employing human body as the conduit, making the applications of STEG in portable electronics much more practical and leading to a significant output improvement. The STEG with micro-patterned polydimethylsiloxane surface achieved an output voltage of over 200 V with a current density of 4.7 μA/cm{sup 2}. With human body conduit, the output current increased by 39% and the amount of charge that transferred increased by 34% compared to the results with grounded electrode. A larger increment of 210% and 81% was obtained in the case of STEG with a large-size flat polyethylene terephthalate surface.

  11. Project financing versus corporate …financing under asymmetric information

    Anton Miglo


    In recent years financing through the creation of an independent project company or financing by non-recourse debt has become an important part of corporate decisions. Shah and Thakor (JET, 1987) argue that project financing can be optimal when asymmetric information exists between firm's insiders and market participants. In contrast to that paper, we provide an asymmetric information argument for project financing without relying on corporate taxes, costly information production or an assump...

  12. Studies on forced convection nanofluid flow in circular conduits

    Harikrishna Vishwanadula; Emmanuel C. Nsofor


    An experimental system was developed and used to study the nanofluid flow and heat transfer in circular conduits. Experiments were performed for a variety of nanofluid flow features in the system. Results obtained from the study show that the heat transfer rate for flow of the base fluid is less than that of the nanofluid used in the study. It was also found that the observed relationship between molecular diffusivity of momentum and the molecular diffusivity of thermal energy at the macrosca...

  13. Peripheral nerve regeneration with conduits: use of vein tubes

    Rodrigo Guerra Sabongi


    Full Text Available Treatment of peripheral nerve injuries remains a challenge to modern medicine due to the complexity of the neurobiological nerve regenerating process. There is a greater challenge when the transected nerve ends are not amenable to primary end-to-end tensionless neurorraphy. When facing a segmental nerve defect, great effort has been made to develop an alternative to the autologous nerve graft in order to circumvent morbidity at donor site, such as neuroma formation, scarring and permanent loss of function. Tubolization techniques have been developed to bridge nerve gaps and have been extensively studied in numerous experimental and clinical trials. The use of a conduit intends to act as a vehicle for moderation and modulation of the cellular and molecular ambience for nerve regeneration. Among several conduits, vein tubes were validated for clinical application with improving outcomes over the years. This article aims to address the investigation and treatment of segmental nerve injury and draw the current panorama on the use of vein tubes as an autogenous nerve conduit.

  14. Elastic chitosan conduits with multiple channels and well defined microstructure.

    Zhu, Jixiang; Xiong, Yi; Zeng, Chenguang; Qiang, Na; Quan, Daping; Wan, Jun


    Four kinds of chitosan conduits with longitudinal multi-channels and controlled internal microstructures were prepared using a special mold and a freeze-drying method. One of the conduits was fabricated from a chitosan solution (ab NC), while the other three groups were made from a pre-gelled chitosan solution using genipin as a chemical cross-linker (ab gNC), dibasic sodium phosphate as a physical cross-linker (ab pNC) or a combined ionic and covalent co-cross-linker (ab gpNC), respectively. The porosity of the chitosan conduits ranged from 88 to 90%. The gpNC showed highly interconnected and uniformly distributed pores compared to NC, the gNC and pNC. In contrast, the gNC and gpNC showed about 10% of the volume swelling ratio in 37°C PBS solution, although the gpNC scaffold's water uptake was the highest, at more than 17 times its original mass. Compressive tests showed that gpNC had significant elasticity and maintained its physical integrity even after compressing them down to 20% of their original height. The elastic modulus of gpNC reached 80 kPa, which was more than twice that of the other groups. Adhesion and proliferation of PC12 cells on chitosan gpNC scaffolds showed excellent properties by MTT and SEM observation, which indicated the potential of gpNC scaffolds for nerve tissue engineering applications. PMID:22561741

  15. Free-boundary models of a meltwater conduit

    Dallaston, Michael C.


    © 2014 AIP Publishing LLC. We analyse the cross-sectional evolution of an englacial meltwater conduit that contracts due to inward creep of the surrounding ice and expands due to melting. Making use of theoretical methods from free-boundary problems in Stokes flow and Hele-Shaw squeeze flow we construct an exact solution to the coupled problem of external viscous creep and internal heating, in which we adopt a Newtonian approximation for ice flow and an idealized uniform heat source in the conduit. This problem provides an interesting variant on standard free-boundary problems, coupling different internal and external problems through the kinematic condition at the interface. The boundary in the exact solution takes the form of an ellipse that may contract or expand (depending on the magnitudes of effective pressure and heating rate) around fixed focal points. Linear stability analysis reveals that without the melting this solution is unstable to perturbations in the shape. Melting can stabilize the interface unless the aspect ratio is too small; in that case, instabilities grow largest at the thin ends of the ellipse. The predictions are corroborated with numerical solutions using boundary integral techniques. Finally, a number of extensions to the idealized model are considered, showing that a contracting circular conduit is unstable to all modes of perturbation if melting occurs at a uniform rate around the boundary, or if the ice is modelled as a shear-thinning fluid.

  16. Arrangement for guiding transport cables

    This patent relates especially to x-ray equipment such as that used for computerized tomography, and in particular to an arrangement for guiding and supporting a plurality of power transmission cables and cooling hoses in a flexible manner. (U.K.)

  17. Flow control arrangements for centrifuges

    In a centrifuge plant for the separation of uranium isotopes, when a centrifuge machine breaks down, light gas is produced. This gas can cause adjacent machines to break down, so propagating the fault. The present invention provides flow control arrangements in gas pipes to the centrifuge, whereby sudden egress of gas from a failed machine is inhibited. (author)

  18. Campaign Finance: Reporter Guide

    Wieder, Ben


    Campaign finance might seem like the exclusive province of political reporters, but there are many good reasons why authors should be paying attention--both in races for education positions and in other key races at the local, state, and federal levels with implications for education. Basic math is a necessary skill and familiarity with a…

  19. Financing social housing

    Amann, W.; Hegedüs, J.; Lux, Martin; Springler, E.

    New York/Londýn : Routledge, 2013 - (Hegedüs, J.; Lux, M.; Teller, N.), s. 50-64 ISBN 978-0-415-89014-4 R&D Projects: GA ČR GA403/09/1915 Institutional research plan: CEZ:AV0Z70280505 Keywords : Housing finance * transition countries * social housing Subject RIV: AO - Sociology, Demography

  20. Jamaica School Finance

    World Bank


    Although the availability of financial resources does not guarantee quality education, it is impossible to achieve this goal without adequate resources which often come from public sources. Understanding how to use resources for education wisely should thus be a top priority for education policymakers. Systems approach for better education results (SABER) school finance informs this conver...

  1. Mathematical Models in Finance

    Halim Kazan


    Full Text Available Finance is the corner stone of the free enterprise system. Good financial management is therefore vitally important to the economic health of business firms, and thus the nation and the world. The field is relatively complex, and it is undergoing constant change in response to shifts in economic conditions say Brigham and Gapenski in the introduction of their Financial Management book (Brigham, Eugene F., Gapenski, Louis C 1994. As they said the field is relatively complex since most of the financial decisions are involved with uncertainty and risk. This is where quantitative methods and finance meets. In financial decision making process, like most of the decision making process, final decision made by managers, not by some mathematical tools. However, those mathematical tools, used in financial decision making process, contribute to managers' decision a lot. Finance is consist of three interrelated areas which are Money and Capital Markets, dealing with securities markets and financial institutions, Investments, focusing on the decisions of individuals, financial and other institutions while they choose securities for their investment portfolios; and Financial Management, involving the actual management of non financial firms (Brigham, E. F., Gapenski, L. C;1994 In this study I tried to summarize mathematical methods that have been used in finance historically.

  2. Financing emerging energies

    This paper discusses the financing of emerging energies in Canada. Transforming energy markets will involve billions of dollars of investment from businesses and residents. Many different types of return on investment can be expected. These benefits will continue to grow over time and provide a permanent income

  3. Specialized financing techniques

    Specific financing techniques applicable to wind energy projects in Canada are discussed. A limited partnership is the classic Canadian approach to tax-advantaged financing. For a typical wind project, the limited partners would get an internal rate of return of around 8% over 20 years as well as income tax deductions on Class 34 investments. This rate can be improved if the investors borrow some of the money; they get tax-free cash flow while having deductible loan interest, raising their rate of return after taxes to ca 9-10%. Special situation investors can get to take all of the Class 34 deduction right away, raising their return up to the 12% range. These investors include principal business corporations (such as utilities or oil companies), or companies who have sold their business. A second type of financing structure is related to inflation-indexed debt. The loan is structured like a mortgage, with the annual payments indexed to inflation but nevertheless low enough to provide an early positive cash flow from the project. Other possible financing structures are the immigrant investor fund and the provincial incentive corporations

  4. Prospects for energy financing

    The author indicates the problems which nowadays arise in financing in the field of energy economics. In this connection he draws attention to the magnitude of the risk which is incurred in the application of energy in the future, a risk not only for the banker but also for the whole of the political economy. (orig.)

  5. The Finance Curse

    Christensen, John; Shaxson, Nick; Wigan, Duncan


    The Global Financial Crisis placed the utility of financial services in question. The crash, great recession, wealth transfers from public to private, austerity and growing inequality cast doubt on the idea that finance is a boon to the host economy. This article systematizes these doubts to...

  6. Financing Midlife Career Change.

    Wilson, Kathy


    Various ways of financing career change are discussed: student financial aid through state and federal programs, college and university programs, alumni groups, minority programs, religious groups, etc. A list of sources of aid for women, organizations that aid minorities, and a list of publications on financial aid are also included. (CT)

  7. Copulas for finance

    Bouye, Eric; Durlleman, Valdo; Nikeghbali, Ashkan; Riboulet, Gaël; Roncalli, Thierry


    Copulas are a general tool to construct multivariate distributions and to investigate dependence structure between random variables. However, the concept of copula is not popular in Finance. In this paper, we show that copulas can be extensively used to solve many financial problems.

  8. From Finance Capitalism to Financialization

    Hansen, Per H.


    In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through...... narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of control financial innovation resulted in financial and social instability. Finance as a master was the characteristic of finance capitalism from around 1900–1931 and of...... financialization from around 1980 to today. Finance capitalism and financialization were enabled by a dominant narrative that legitimized the power of finance. The shifts in the role of finance happened when crises undermined the meaning of the existing narrative and created for a new narrative able to make sense...

  9. Financing of Renewable Energy Projects

    The paper describes the role of the Banco Centroamericano de Integracion Economica in financing renewable energy projects in Central America. Also decribes the different financing modes to the goverment and private sectors

  10. The Challenge of Islamic Finance

    Sheng, Andrew; Singh, Ajit


    From its humble beginnings in the 1990s, Islamic finance has become a trillion US dollar industry. The market consensus is that Islamic finance has a bright future due to favourable demographics and rising incomes in the Muslim community. Moreover, despite voices sceptical of an accommodation between Islamic and global finance, leading global banks are buying Islamic bonds and forming subsidiaries specially to conduct Islamic finance business. Special laws have been passed in non-Muslim fi...

  11. Projects Financing from EU Funds

    Prokešová, Lenka


    The diploma thesis is evaluating financing of certain project from EU funds and further comparison with other financing methods. At the end there is final evaluation if financing of this project can be sourced from EU funds. In theoretical part of work there are characteristics of structural and regional policies with financing from EU funds. Focus is for Operational Program Enterprise and Innovations, Program of support development. In practical part there is continuation of company introduc...

  12. Private finance and public policy

    Garry J. Schinasi


    This paper articulates a logical foundation-drawn from disparate literatures-for understanding why safeguarding financial stability is an important economic policy objective. The paper also explains why private aspects of finance provide broader social economic benefits and have the characteristics of public goods. Unique aspects of finance are examined, as are the linkages between finance, money, and the real economy. Sources of market imperfections in finance are identified and their implic...

  13. Real world financing opportunities for energy conservation projects

    Tramonte, D.J.


    Do you have the resources, dollars, people expertise and general know-how to do all the energy conservation measures. If you have the funds, do it yourself. Historically you would save more if you hired a private concern because that is the only job the contractor does for you. You have other hats to wear and fires to put out. Using third-party financing can be a good decision based on your specific needs. Procrastination is not the answer - the cost of delay is extensive. Financing energy conservation measures is no different from financing your automobile or home. If the benefits outweigh the negatives, the answer is obvious. Remember, in any case of using private sector financing, your are joining a partnership arrangement. The only way to succeed is to be honest with each other on the front end. There need not be any surprises. Any reputable company will gladly have your attorney evaluate all agreements, amortization schedules, and attachments. Real world financing alternatives will continue to change as the market matures. It's not too good to be true. It is no more than a vehicle to make the efforts of capital improvements streamlined. The money or financing is the catalyst to the project and makes the other areas meld.

  14. X-ray tube arrangements

    A technique for ensuring the rapid correction of both amplitude and offset errors in the deflectional movement of an electron beam along an X-ray emissive target is described. The movement is monitored at at least two positions during a sweep and differences, between the two movements and a desired movement, at these positions are combined in different proportions to produce a corrective servo signal. Such arrangements find application, for example, in computerised tomographic scanners. (author)


    Chernyshov Alexander V.


    The music-compositional principles of commercial and political advertising and also the self-promotion of electronic media (radio, television, Internet) are considered in this mediatext: from the elementary beeps, symbolic functions, emblems/logos and musical brands to the sound engineering technology to underscore the product's name and the complex synthesis between music and intra movements and color-light design of frames. Simultaneously examines, how the musical arrangement of ethereal ad...

  16. Simplicial arrangements with up to 27 lines

    Cuntz, Michael


    We compute all isomorphism classes of simplicial arrangements in the real projective plane with up to 27 lines. It turns out that Gr\\"unbaums catalogue is complete up to 27 lines except for four new arrangements with 22, 23, 24, 25 lines, respectively. As a byproduct we classify simplicial arrangements of pseudolines with up to 27 lines. In particular, we disprove Gr\\"unbaums conjecture about unstretchable arrangements with at most 16 lines, and prove the conjecture that any simplicial arrang...

  17. Project financing renewable energy schemes

    The viability of many Renewable Energy projects is critically dependent upon the ability of these projects to secure the necessary financing on acceptable terms. The principal objective of the study was to provide an overview to project developers of project financing techniques and the conditions under which project finance for Renewable Energy schemes could be raised, focussing on the potential sources of finance, the typical project financing structures that could be utilised for Renewable Energy schemes and the risk/return and security requirements of lenders, investors and other potential sources of financing. A second objective is to describe the appropriate strategy and tactics for developers to adopt in approaching the financing markets for such projects. (author)

  18. Essays in Finance

    Mohd Rasid, Mohamed Eskandar Shah


    This thesis which compromise of three essays focuses on the theme of valuation, value premium anomaly, financing behaviour and emerging markets. The first essay studies the value growth puzzle in the context of conflict of interest between taxable and institutional investors. We model this conflict in a rational expectations framework and demonstrate how the differences in firm's characteristics (in terms of value versus growth) and the risk profile of the investors can explain the shape of C...

  19. Data Mining in Finance

    Sahil Kadam; Manan Raval


    This paper is a survey on the blooming concept of Data mining and its applications in the vast field of finance. Data mining techniques provide a great aid in financial accounting and fraud detection due to their classification and prediction abilities. The aim of this paper is to show the various data mining techniques used for Ongoing Concern and Financial Distress, Fraud Management Bankruptcy Prediction, Credit Risk Estimation and Corporate Performance Prediction. This paper provides the r...

  20. Mathematical Models in Finance

    Halim Kazan; Ahmet Ergülen


    Finance is the corner stone of the free enterprise system. Good financial management is therefore vitally important to the economic health of business firms, and thus the nation and the world. The field is relatively complex, and it is undergoing constant change in response to shifts in economic conditions say Brigham and Gapenski in the introduction of their Financial Management book (Brigham, Eugene F., Gapenski, Louis C 1994). As they said the field is relatively complex since most of the ...

  1. Innovation, Trade and Finance

    Egger, Peter; Keuschnigg, Christian


    This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are financially constrained while standard firms are not. The efficiency of the financial sector and a country's institutional quality relating to corporate finance determine the share of R&D intensive firms and the...

  2. Essays on international finance

    Cen, Jiaming


    This thesis comprises three essays on international finance, focusing on international capital flows, foreign exchange market and official foreign exchange intervention. The first chapter assesses the relative contribution of common (push) and country specific (pull) factors to the variation of bond and equity flows from the US to 55 other countries. Using a Bayesian dynamic latent factor model, we find that more than 80% of the variation in bond and equity flows is due to push factors from t...

  3. The Centrality of Finance

    William K. Tabb


    Full Text Available In the contemporary conjuncture financialization is driving a fundamentalreorganization of American capitalism and increasingly that of other economiessignificantly impacting the trajectory of the world-system. This paper interrogates the nature and extent of financialization, the ways it is adding to systemic risk with attention to the future of the dollar, and implications for the relationship between US based finance and new emerging centers of the world-system.

  4. The Centrality of Finance

    Tabb, William K.


    In the contemporary conjuncture financialization is driving a fundamentalreorganization of American capitalism and increasingly that of other economiessignificantly impacting the trajectory of the world-system. This paper interrogates the nature and extent of financialization, the ways it is adding to systemic risk with attention to the future of the dollar, and implications for the relationship between US based finance and new emerging centers of the world-system.

  5. Financing ASEAN Connectivity

    Fauziah ZEN; Regan, Michael


    This report gives deeper insights on how the infrastructure development is being funded in different ASEAN Member States (AMSs) for ASEAN Connectivity. In this regards, the Public-Private Partnership (PPP) Program is also seen as one way to help build the infrastructure in ASEAN. The AMSs are having different levels of infrastructure policy, financing method and financial capacity. The PPP Program has been significantly developed and utilized in Malaysia, Indonesia, Thailand and the Philippin...

  6. Equilibrium Corporate Finance

    Bisin, Alberto; GOTTARDI, Piero; RUTA, Guido


    We study a general equilibrium model with production where financial markets are incomplete. At a competitive equilibrium firms take their production and financial decisions so as to maximize their value. We show that shareholders unanimously sup- port value maximization. Furthermore, competitive equilibria are constrained Pareto efficient. Finally the Modigliani-Miller theorem typically does not hold and the firms’ corporate financing structure is determined at equilibrium. Su...

  7. Finance and Balanced Growth

    Trew, Alex


    We study the relationships between various concepts of financial development and balanced economic growth. A model of endogenous growth that incorporates roles for both financial efficiency and access to financial services permits a better understanding of the relationship between the size of the financial sector (value added) and growth. Higher financial value added results from some, but not all, kinds of finance-driven growth. If greater access rather than greater efficiency generates high...

  8. On Security of Collateral in Danish Mortgage Finance

    Haldrup, Karin


    Specialized mortgage intermediaries in Denmark have for over two hundred years provided owners and buyers of real property wide access to credit. The present paper sets out to explore the safeguards that nurtured development of a robust, market based financing system and a deep mortgage market....... Observations are made on the nature of collateral performance in respect to property rights, mortgage law and market development in search of general features of required institutional arrangements. The robustness of the Danish mortgage finance system is largely accredited to the securitization model based on...... property rights and practically reduced legal risks of mortgaging to zero. Standardization and scale of economics supported collateral efficiency, as measured in terms of simplicity, transparency, rapidity and costs. The Danish mortgage finance system illustrates the critical role of government in insuring...

  9. Financing of nuclear projects

    Delays in the completion of nuclear power plants aggravate the financing of such ventures because the contractual sums to be paid for interest and amortization are not generated. Moreover, economic feasibility analyses by the banks are rendered ineffective by changes in the underlying data, such as the structure of electricity rates and the supply monopoly held by utilities. The German nuclear power plants at present in operation or under construction were financed mainly through subsidiares of the participating utilities outside the balance sheets of the parent companies. The banks have developed a number of financing concepts to adapt funding to the specific needs of practice. Future nuclear power plants make-up one third of the present capacity of the participating utilities. However, they will require three to four times the previous volume of capital investments. Yet it is certain that the expansion of nuclear power in the Federal Republic of Germany will not be hampered by financial problems. The funding models developed for nuclear power plants have already proved their qualities. However, the problems of nuclear power have not become less. Attention must also be drawn to some weak spots in the financial sector. (orig.)

  10. Legal aspects of financing Canadian offshore oil and gas developments

    A review is presented of the significant legal considerations involved in structuring, negotiating, and documenting commercial financing of a Canadian offshore oil and gas production facility. Emphasis is placed on the Hibernia Project in the Newfoundland offshore as an example, and more specifically the $450 million bank financing completed in November 1991. The legal framework governing offshore production financing in this case was complex, due to the project's location in international waters on the continental shelf. Complex intergovernmental arrangements have been implemented between Canada and Newfoundland to govern the offshore area and regulate the project. An agreement called the Atlantic Accord allowed the Canada Newfoundland Offshore Petroleum Board (CNOPB) to grant production licenses and to regulate offshore exploration and development, with matters relating to legislation, taxation, and royalties shared between the governments. Certain other acts were enacted or extended for application to the offshore area. The CNOPB administers a registry system for transfers and security interests in offshore licenses. Security interests including property are ensured by the Hibernia Act, which makes Newfoundland's existing security interest regime applicable to the offshore. The project owners are operating Hibernia as a joint venture, and the structure of project financing and inter-creditor arrangements is examined. The competing security interest of project lenders and non-defaulting participants is discussed, along with assignment of priorities on the security in case of default

  11. Detection of intra-atrial conduit leakage by transesophageal echocardiography.

    Wang, T L; Lai, L P; Kuan, P


    A 19-year-old male patient who had undergone total cavo-pulmonary connection for complex congenital cyanotic heart disease with partial anomalous pulmonary venous return, was found to have persistent postoperative cyanosis. Transesophageal echocardiography disclosed leakage of the intra-atrial Gortex conduit with a right-to-left shunt. Prompt re-do operation confirmed the site of the leakage which was successfully repaired. Intraoperative transesophageal echocardiography may be indicated so as to avoid a secondary open-chest procedure for this complication. PMID:8282444

  12. Evaluation of the ITER cable in conduit conductor heat transfer

    Convective heat transfer correlations in dual channel Cable In Conduit Conductor (CICC) are presented as functions of friction factor, and based on the Reynolds-Colburn analogy using the Stanton number. The developed thermohydraulic model determines helium temperatures in both channels, with the real geometrical spiral perforation. It is applied with pertinence to the Poloidal Field Full Size Joint Sample (PF-FSJS) and shows good agreement between the experimental measurements and the calculated temperatures, characterised by a 0.43 m space constant. The heat load applied in the bundle region induces density imbalance; the gravity effect in this vertical sample is evaluated and discussed. (authors)

  13. Heating-induced flows in cable-in-conduit conductors

    Hoenig et al and Miller et al have both reported high stability margins for cable-in-conduit conductors cooled by stationary supercritical helium. Miller et al proposed that strong flows induced in the helium in the early stages of recovery enhanced heat transfer and greatly increased the stability margin over what had been expected for stationary helium. In this memorandum, the flow and pressure transients induced in initially stationary helium by energy transfers typical of those associated with conductor recovery (50 to 200 mJ cm-3 in 10 to 20 msec) are calculated

  14. Sensing turbulent flow and heat transport in a cave conduit

    Kurtzman, D.; Lucia, F. J.; Jennings, J. W.; Wilson, J. L.; Tyler, S. W.; Jorgensen, A. M.; Dwivedi, R.; Boston, P.; Burger, P.


    Cave systems provide an extreme example of complex subsurface porous media, dominated by flow through an interconnected network of conduits. Whether water or air-filled, these flow systems have been largely observed subjectively, with only a few simple quantitative measurements of flow and pressure. In the spring of 2008 a joint campaign of New Mexico Tech and the University of Nevada Reno entered the 210m deep, ~8m "diameter," keyhole shaped, subhorizontal, Left Hand Tunnel, a large air-filled conduit in Carlsbad Caverns, New Mexico, with the intent to observe fluid flow with modern thermally-based instruments. The conduit experiences countercurrent, thermally stratified flow, with mean velocities in each layer less than 0.1m/s. It is part of a geothermally forced, large-scale convection cell. Two instruments were deployed. A distributed temperature sensing (DTS) fiber optic cable was stretched over 1km of the tunnel, and partially suspended by balloons to the roof, to sense spatial and low-frequency (0.01Hz) temporal variations of temperature with a resolution approaching 0.05 degree C. The mean temperature difference between layers was on the order of 0.5 degree and the caveward (subhorizontal) temperature gradient was 1 degree/400m. Influences of connecting subvertical shafts, wet areas of the cave, human activity, and diurnal fluctuations were observed. The second instrument, a 7m tall tower with an array of eight 300Hz thermocouple temperature sensors, with a sensitivity approaching 0.005 degree, was deployed 200m into the tunnel and used to detect high- frequency temperature fluctuations associated with turbulence and the stratified flow. Turbulence structure of each layer was similar. Temperature fluctuation (and turbulence intensity?) was significantly greater near the boundary between layers and its steep vertical gradient of mean temperature. Results from this 3-day campaign, as limited as they are, suggest that there is a wealth of information and understanding to be gained by instrumenting cave conduit systems with modern sensors.

  15. 25 CFR 170.300 - May tribes use flexible financing to finance IRR transportation projects?


    ... 25 Indians 1 2010-04-01 2010-04-01 false May tribes use flexible financing to finance IRR... Financing § 170.300 May tribes use flexible financing to finance IRR transportation projects? Yes. Tribes may use flexible financing in the same manner as States to finance IRR transportation projects,...

  16. Tensile and fatigue qualification testing of ITER-CS conduit alloy JK2LB

    Walsh, R. P.; McRae, D. M.; Han, K.; Martovetsky, N. N.


    The ITER Central Solenoid (CS) coils utilize cable-in-conduit conductor (CICC) and the conduit alloy is JK2LB. The production grade conduit alloy (and it's welds) must meet strict requirements for strength, toughness, fatigue crack resistance, and fabricability. The conduit alloy must retain good mechanical properties after additional fabrication steps such as welding, coil winding strain and exposure to the Nb3Sn superconductor's reaction heat treatment. Here we present data from cryogenic tensile, fracture toughness, fatigue crack growth rate, and axial fatigue tests of JK2LB alloy and conduit butt welds, before and after the exposure to the reaction heat treatment. The tests of specimens removed directly from the conduit provide confirmation of the materials properties and the effect of the cold work and aging. The 4 K fatigue performance is extremely important to the reliability of the CS and is covered both by axial cyclic fatigue tests and the fatigue crack growth rate measurements.

  17. Imaging of platelets in right-sided extracardiac conduits in humans

    As a connection between the systemic venous ventricle and the pulmonary artery, valved Dacron extracardiac conduits have remarkably influenced the surgical approach to many complex congenital heart defects. Obstruction of the conduit, however, can reduce the long-term effectiveness of this corrective procedure. In addition to stenosis of the porcine valve, formation of thick fibrous neointima plays a major role in the pathogenesis of conduit obstruction. The purpose of this study was to determine whether platelet deposition could be demonstrated in these conduits by external imaging with 111In-labeled autologous platelets. After injection of labeled platelets either immediately after operation or on the fifth to eighth postoperative day, imaging was performed by standard procedures. Eight of nine patients had platelet accumulation in the conduit, and treatment with aspirin and dipyridamole caused no recognizable change in platelet deposition. This study demonstrates the feasibility of imaging platelet deposition in Dacron conduits and shows that the pattern of deposition varies with time

  18. New arrangements in climate policy

    Climate policy, its content and the way it is being organised, is changing, both nationally and internationally. The Kyoto Protocol and its effects form an important catalyst for this process. The focus in climate discourse is increasingly on 'differentiation' and 'flexibilisation', while the role of the industrial sectors involved has changed since 1997, among other things expressed in the increasing influence exerted by the business community and the declining power of the environmental movement. There is a transition underway, from pluralist to private policy arrangements

  19. Arrangement for selectively irradiating webs

    The arrangement for selectively irradiating a web includes a perforated band of a radiation impermeable substance which is guided in an endless path via a pair of guide rollers and has two juxtaposed runs in this path. A take-up roller conveys a web of material past one of the runs at a side thereof remote from the other run, the direction of movement of the web being other than parallel to that of the band and, preferably, normal thereto. An electron accelerator is provided at the far side of the run remote from the web and is effective for directing a radiation beam at the web through the perforations

  20. Moduli of weighted hyperplane arrangements

    Lahoz, Martí; Macrí, Emanuele; Stellari, Paolo


    This book focuses on a large class of geometric objects in moduli theory and provides explicit computations to investigate their families. Concrete examples are developed that take advantage of the intricate interplay between Algebraic Geometry and Combinatorics. Compactifications of moduli spaces play a crucial role in Number Theory, String Theory, and Quantum Field Theory – to mention just a few. In particular, the notion of compactification of moduli spaces has been crucial for solving various open problems and long-standing conjectures. Further, the book reports on compactification techniques for moduli spaces in a large class where computations are possible, namely that of weighted stable hyperplane arrangements.

  1. The arrangement field theory (AFT)

    Marin, Diego


    We introduce the concept of "non-ordered space-time" and formulate a quaternionic field theory over such generalized non-ordered space. The imposition of an order over a non-ordered space appears to spontaneously generate gravity, which is revealed as a fictitious force. The same process gives rise to gauge fields that are compatible with those of Standard Model. We suggest a common origin for gravity and gauge fields from a unique entity called "arrangement matrix" (M) and propose to quantize all fields by quantizing $M$. Finally we give a proposal for the explanation of black hole entropy and area law inside this paradigm.

  2. Relationship finance, market finance and endogenous business cycles

    Deidda, Luca Gabriele; Fattouh, Bassam


    This paper develops an overlapping generation model with asymmetric information in the credit market such that the interplay between relationship finance supplied by investors who monitor investment decisions ex-ante and market finance supplied by investors who relay on public information can be the source of endogenous business fluctuations. Monitoring helps reducing the inefficiency caused by moral hazard. However, the incentives of entrepreneurs to demand relationship finance to induce mon...

  3. Is Islamic Finance ethical finance? Principles and Stakeholder Responsibilities

    Hamzah, Shariza


    With the recent global financial crisis and the many scandals that have happened of late, there is a need for an ethical finance system. Reports have mentioned and concluded that Islamic financial institutions were the least to be affected, with more than US$800 billion worth of deposits and investments lodged, Islamic banks, mutual funds, insurance schemes, and Islamic branches of conventional banks (Hesse et al, 2008). Would it be fair then to say that Islamic finance is ethical finance? T...

  4. Rotational pectoral musculocutaneous flap for the repair of gastric conduit necrosis in cervical esophagogastrostomy

    Kim, Jae Jun; Park, Jae Kil; Hwang, Sun Jin; Moon, Seok Whan


    We experienced a case of wide necrosis of the cervical gastric conduit during esophageal cancer surgery. We attempted to repair this defect with various methods including conservative care, stents two times, and sternocleidomastoid muscle flap without successful results. Finally, we were able to reconstruct the gastric conduit defect with rotational pectoralis major musculocutaneous (PMM) flap. PMM flap is thought to be a reconstruction method applicable to the intractable gastric conduit def...

  5. Nanofibrous nerve conduits for repair of 30-mm-long sciatic nerve defects

    Biazar, Esmaeil; Keshel, Saeed Heidari; Pouya, Majid; Rad, Hadi; Nava, Melody Omrani; Azarbakhsh, Mohammad; Hooshmand, Shirin


    It has been confirmed that nanofibrous poly(3-hydroxybutyrate-co-3-hydroxyvalerate) nerve conduit can promote peripheral nerve regeneration in rats. However, its efficiency in repair of over 30-mm-long sciatic nerve defects needs to be assessed. In this study, we used a nanofibrous poly(3-hydroxybutyrate-co-3-hydroxyvalerate) nerve conduit to bridge a 30-mm-long gap in the rat sciatic nerve. At 4 months after nerve conduit implantation, regenerated nerves were cally observed and histologicall...

  6. Acoustic resonance in the combustion conduits of a steam locomotive

    Ziada, S.; Oengoeren, A. [Sulzer Innotec Limited, Winterthur (Switzerland); Vogel, H.H. [Swiss Locomotive and Machine Works, Winterthur (Switzerland)


    The sound emission of a modern, oil fired steam rack locomotive increased sharply when the locomotive speed exceeded the design value of 12 km/hr. The results of pressure and noise measurements, together with an acoustical model of the combustion conduits indicated that the acoustic resonance modes of the combustion conduits are excited by the pressure pulsations generated by the exhaust from the steam cylinders at multiples of the piston frequency. Additionally, when the acoustic resonance is initiated, the resulting pulsations trigger the flame instability of the oil burners which, in turn, enhances the resonance. By means of the acoustical model, a Helmholtz resonator has been designed and optimized to reduce the acoustic response such that it does not excite the flame instability. A second set of measurements, after installing the resonator, has shown a reduction in the noise level by an amount exceeding 21 dBA. The paper focuses upon the identification of the excitation source and the implementation of the countermeasure which are of interest to other applications involving combustion oscillations.

  7. Conduit for high temperature transfer of molten semiconductor crystalline material

    Fiegl, George (Inventor); Torbet, Walter (Inventor)


    A conduit for high temperature transfer of molten semiconductor crystalline material consists of a composite structure incorporating a quartz transfer tube as the innermost member, with an outer thermally insulating layer designed to serve the dual purposes of minimizing heat losses from the quartz tube and maintaining mechanical strength and rigidity of the conduit at the elevated temperatures encountered. The composite structure ensures that the molten semiconductor material only comes in contact with a material (quartz) with which it is compatible, while the outer layer structure reinforces the quartz tube, which becomes somewhat soft at molten semiconductor temperatures. To further aid in preventing cooling of the molten semiconductor, a distributed, electric resistance heater is in contact with the surface of the quartz tube over most of its length. The quartz tube has short end portions which extend through the surface of the semiconductor melt and which are lef bare of the thermal insulation. The heater is designed to provide an increased heat input per unit area in the region adjacent these end portions.

  8. Documentation of a Conduit Flow Process (CFP) for MODFLOW-2005

    Shoemaker, W. Barclay; Kuniansky, Eve L.; Birk, Steffen; Bauer, Sebastian; Swain, Eric D.


    This report documents the Conduit Flow Process (CFP) for the modular finite-difference ground-water flow model, MODFLOW-2005. The CFP has the ability to simulate turbulent ground-water flow conditions by: (1) coupling the traditional ground-water flow equation with formulations for a discrete network of cylindrical pipes (Mode 1), (2) inserting a high-conductivity flow layer that can switch between laminar and turbulent flow (Mode 2), or (3) simultaneously coupling a discrete pipe network while inserting a high-conductivity flow layer that can switch between laminar and turbulent flow (Mode 3). Conduit flow pipes (Mode 1) may represent dissolution or biological burrowing features in carbonate aquifers, voids in fractured rock, and (or) lava tubes in basaltic aquifers and can be fully or partially saturated under laminar or turbulent flow conditions. Preferential flow layers (Mode 2) may represent: (1) a porous media where turbulent flow is suspected to occur under the observed hydraulic gradients; (2) a single secondary porosity subsurface feature, such as a well-defined laterally extensive underground cave; or (3) a horizontal preferential flow layer consisting of many interconnected voids. In this second case, the input data are effective parameters, such as a very high hydraulic conductivity, representing multiple features. Data preparation is more complex for CFP Mode 1 (CFPM1) than for CFP Mode 2 (CFPM2). Specifically for CFPM1, conduit pipe locations, lengths, diameters, tortuosity, internal roughness, critical Reynolds numbers (NRe), and exchange conductances are required. CFPM1, however, solves the pipe network equations in a matrix that is independent of the porous media equation matrix, which may mitigate numerical instability associated with solution of dual flow components within the same matrix. CFPM2 requires less hydraulic information and knowledge about the specific location and hydraulic properties of conduits, and turbulent flow is approximated by modifying horizontal conductances assembled by the Block-Centered Flow (BCF), Layer-Property Flow (LPF), or Hydrogeologic-Unit Flow Packages (HUF) of MODFLOW-2005. For both conduit flow pipes (CFPM1) and preferential flow layers (CFPM2), critical Reynolds numbers are used to determine if flow is laminar or turbulent. Due to conservation of momentum, flow in a laminar state tends to remain laminar and flow in a turbulent state tends to remain turbulent. This delayed transition between laminar and turbulent flow is introduced in the CFP, which provides an additional benefit of facilitating convergence of the computer algorithm during iterations of transient simulations. Specifically, the user can specify a higher critical Reynolds number to determine when laminar flow within a pipe converts to turbulent flow, and a lower critical Reynolds number for determining when a pipe with turbulent flow switches to laminar flow. With CFPM1, the Hagen-Poiseuille equation is used for laminar flow conditions and the Darcy-Weisbach equation is applied to turbulent flow conditions. With CFPM2, turbulent flow is approximated by reducing the laminar hydraulic conductivity by a nonlinear function of the Reynolds number, once the critical head difference is exceeded. This adjustment approximates the reductions in mean velocity under turbulent ground-water flow conditions.

  9. Radiation detector arrangements and methods

    The patent describes a radiation detector arrangement. It comprises at least one detector element in the form of a temperature-sensitive resistor whose electrical resistance changes in response to radiation incident on the detector element, the resistor having a high positive temperature coefficient of electrical resistance at a transition in its electrical conductance, circuit means for applying a voltage across the resistor during operation of the detector arrangement, and temperature-regulation means for regulating the temperature of the resistor so as to operate the resistor in the transition, characterised in that the temperature-regulation means comprises the resistor and the circuit means which passes sufficient current through the resistor by resistance heating to a position in the transition at which a further increase in its temperature in response to incident radiation reduces the resistance heating by reducing the current, thereby stabilizing the temperature of the resistor at the position. The positive temperature coefficient at the position being sufficiently high that the change in the resistance heating produced by a change in the temperature of the resistor at the position is larger than a change in power of the incident radiation required to produce that same change in temperature of the resistor in the absence of any change in resistance heating

  10. Causes and consequences of conduit wall permeability changes during explosive eruptions

    Rust, Alison; Hanson, Jonathan


    Magmatic volatiles, and in some cases external water, drive explosive volcanic eruptions and so the permeability of magma and conduit wall rocks can modulate the style and intensity of eruptions. Both modelling of eruption dynamics and field studies of lithic clasts indicate that fragmentation levels during explosive silicic eruptions commonly reach depths of kilometres. An important consequence is that substantial deviations from lithostatic pressure are sustained in the conduit during eruption, which, according to finite element modelling, are sufficient to damage a substantial volume of rock around the conduit. Underpressured regions will be susceptible to conduit erosion, widening the conduit; field data provide constraints on erosion rates and erosion depths where subsurface stratigraphy is known. Damage to wall rocks will also increase the rock permeability adjacent to the conduit, which could significantly affect magmatic degassing during and between eruptions. The degree to which external water can interact with magma in the conduit will also depend on wall rock permeability and spatial and temporal variations in pressure. When a major magmatic eruption ceases, deep magma is likely to ascend to fill the lower conduit, and the upper conduit may partially collapse forming vertically extensive breccia. Subvolcanic rocks exposed by exploration and mining of porphyry copper deposits (PCDs) and associated alteration and breccias may provide further field constraints on these models. Although syn- and post-mineralization explosive eruptions likely ruin potential PCDs, earlier eruptions might make space for vertical shallow intrusions and help establish permeable regions conducive to focussing of magmatic fluids required for PCD generation.

  11. F# for quantitative finance

    Astborg, Johan


    To develop your confidence in F#, this tutorial will first introduce you to simpler tasks such as curve fitting. You will then advance to more complex tasks such as implementing algorithms for trading semi-automation in a practical scenario-based format.If you are a data analyst or a practitioner in quantitative finance, economics, or mathematics and wish to learn how to use F# as a functional programming language, this book is for you. You should have a basic conceptual understanding of financial concepts and models. Elementary knowledge of the .NET framework would also be helpful.

  12. Financing from ESF

    Hromková, Radka


    The thesis „Financing from the ESF“ deals with a study and description of a policy of economic and social cohesion, further the European Social Fund, its incorporation in a structure of European Union funds, its objectives and benefits. The second part of this thesis is to supply readers with valuable information and useful advice on how to act when preparing a project drawing subsidies from the European Social Fund. In the practical part of the thesis, all knowledge is applied to a concrete ...

  13. Survey of finance companies, 2000

    Karen E. Dynan; Kathleen W. Johnson; Samuel M. Slowinski


    Against a backdrop of robust economic activity, the finance company sector expanded briskly over the second half of the 1990s. The value of receivables held by finance companies in the United States rose nearly 50 percent, or about 11 percent a year, between 1996 and 2000. Business lending remained finance companies' major line of activity; the importance to the sector of consumer lending and leasing declined slightly, and the importance of real estate lending rose a bit. These and other find...

  14. Housing finance agencies in Asia

    Davies, Michael; Chan, Eric; Gyntelberg, Jacob


    This paper examines the role of government-supported housing finance agencies in Asia. We estimate the size of the government subsidies received by these agencies, and their distribution among households, financial institutions and the agencies themselves. We have three main findings. The level of government support provided to housing finance agencies in Asia varies, but is generally small relative to the economy. The housing finance agencies have transferred most of the benefit of their gov...

  15. Trade finance: developments and issues

    Bank for International Settlements


    This report - prepared by a Working Group chaired by John Clark (Federal Reserve Bank of New York) - examines the structure and recent evolution of the global trade finance market, and the interplay between changes in trade finance and international trade. In particular, it reviews the available data sources and what they reveal about the size and evolution of the market, sheds light on the performance and impact of trade finance during recent episodes of funding strains in global markets, an...

  16. Path innovation of rural property mortgage financing in China

    Wu Yongchao


    Full Text Available Rural property mortgage financing, as an important breakthrough to deepen the reform of rural property right system and financial system, is an important approach to increase the farmers’ property income. Besides, rural property mortgage financing is of great significance in implementing the rural land usufructuary right and meeting the demand of medium-and-long-term and large-scale operation of the funds used in agricultural production. Under the existing institutional arrangement, the property mortgage financing in the rural areas of our country still is faced with many obstacles, and it is still at the stage of low level development. In this paper, closely based on the acceptability and the difficulty in the mortgaged property involving in legal disposal, the author puts forward important methods: clearly define the ownership, unify the urban and rural markets, increase the participation enthusiasm of financing bodies, and improve the supporting policies to promote property mortgage financing in rural area. Finally, the government should give farmers more property rights and revitalize the usufructuary right of agricultural land and its derivative right.

  17. PFI redux? Assessing a new model for financing hospitals.

    Hellowell, Mark


    There is a growing need for investments in hospital facilities to improve the efficiency and quality of health services. In recent years, publicly financed hospital organisations in many countries have utilised private finance arrangements, variously called private finance initiatives (PFIs), public-private partnerships (PPPs) or P3s, to address their capital requirements. However, such projects have become more difficult to implement since the onset of the global financial crisis, which has led to a reduction in the supply of debt capital and an increase in its price. In December 2012, the government of the United Kingdom outlined a comprehensive set of reforms to the private finance model in order to revive this important source of capital for hospital investments. This article provides a critical assessment of the 'Private Finance 2' reforms, focusing on their likely impact on the supply and cost of capital. It concludes that constraints in supply are likely to continue, in part due to regulatory constraints facing both commercial banks and institutional investors, while the cost of capital is likely to increase, at least in the short term. PMID:24138730

  18. Promotion and financing of nuclear power programmes in developing countries

    Nuclear power has been introduced only to a small extent in a few developing countries. A group of senior experts conducted a study of the existing constraints on nuclear power in developing countries, the requirements to be met for successful introduction of a nuclear power programme, and mechanisms to assist developing countries in overcoming the identified constraints. Financing represents one (but not the only) major constraint to nuclear power development in developing countries. The present schemes of export credits and commercial financing are seen as not adequately meeting the needs of nuclear power financing in terms of repayment periods and profiles, or in terms of flexibility to meet delays and cost overruns. Innovative and workable arrangements to share the economic and financial risks would be helpful in obtaining financing for a nuclear power project. All possible efforts should be made by all parties involved in the development of nuclear power to reduce as far as possible the uncertainties surrounding the cost and schedule of a nuclear power project, as an essential step to improve the overall climate for financing the project. Government commitment, soundly based and thorough planning, development of qualified manpower and other key infrastructures, and good project management are important mechanisms to achieve greater predictability in project schedule and cost. Technical assistance provided by the IAEA can be very helpful in building these capabilities in developing countries. (author). 1 tab

  19. Indirect financing can ease $ crunch

    Healy, T.J.


    The electric utility industry is moving toward indirect financing as a more promising way to raise the $500 to $600 billion in capital needed for expansion. Techniques of indirect financing include forming generating companies and construction trusts, leveraged leasing, and fuel-inventory financing. Some of the new strategies include forming independent or regional multi-sponsor companies, funding refuse-derived fuel or co-generation projects, imposing all-events full cost-of-service tariffs, mandating and financing residential conservation programs, and loan guarantees.

  20. Face monoid actions and tropical hyperplane arrangements

    Johnson, Marianne; Kambites, Mark


    We study the combinatorics of tropical hyperplane arrangements, and their relationship to (classical) hyperplane face monoids. We show that the refinement operation on the faces of a tropical hyperplane arrangement, introduced by Ardila and Develin in their definition of a tropical oriented matroid, induces an action of the hyperplane face monoid of the classical braid arrangement on the arrangement, and hence on a number of interesting related structures. Along the way, we introduce a new ch...

  1. Financing, Overhead, and Profit: An In-Depth Discussion of Costs Associated with Third-Party Financing of Residential and Commercial Photovoltaic Systems

    Feldman, D.; Friedman, B.; Margolis, R.


    Previous work quantifying the non-hardware balance-of-system costs -- or soft costs -- associated with building a residential or commercial photovoltaic (PV) system has left a significant portion unsegmented in an 'other soft costs' category. This report attempts to better quantify the 'other soft costs' by focusing on the financing, overhead, and profit of residential and commercial PV installations for a specific business model. This report presents results from a bottom-up data-collection and analysis of the upfront costs associated with developing, constructing, and arranging third-party-financed residential and commercial PV systems. It quantifies the indirect corporate costs required to install distributed PV systems as well as the transactional costs associated with arranging third-party financing.

  2. Empirical techniques in finance

    Bhar, Ramaprasad


    This book offers the opportunity to study and experience advanced empi- cal techniques in finance and in general financial economics. It is not only suitable for students with an interest in the field, it is also highly rec- mended for academic researchers as well as the researchers in the industry. The book focuses on the contemporary empirical techniques used in the analysis of financial markets and how these are implemented using actual market data. With an emphasis on Implementation, this book helps foc- ing on strategies for rigorously combing finance theory and modeling technology to extend extant considerations in the literature. The main aim of this book is to equip the readers with an array of tools and techniques that will allow them to explore financial market problems with a fresh perspective. In this sense it is not another volume in eco- metrics. Of course, the traditional econometric methods are still valid and important; the contents of this book will bring in other related modeling topics tha...

  3. Financing medical education.

    Petersdorf, R G


    The cost of a medical education may dissuade qualified young people from entering the medical profession or may so load them with debt that they cannot pursue relatively low-paid careers in primary care or clinical investigation. Three aspects of this problem are examined: (1) the cost of medical school, (2) the magnitude of student indebtedness, and (3) the effects of this indebtedness on career choices. High tuition and fees require many students to assume sizable educational debts, some of which are so large that the trainees will be unable to repay them unless they enter highly remunerative specialties. Also, high levels of indebtedness may increase default levels once graduates feel the full impact of scheduled repayments. Several steps would help to alleviate this problem, but are unlikely to solve it. First, medical schools should lower tuition or at least declare a moratorium on increases. Second, limits should be imposed on the amount of total education debt a student is allowed to assume. Third, hospitals with extensive residency programs should assume some responsibility for helping trainees manage their finances. Fourth, the government should institute a loan forgiveness program that addresses the need for physician-investigators, primary care physicians, those willing to practice in underserved areas, and those from underrepresented minorities. And fifth, all institutions involved in medical training and its finance should work together to advise students on managing their debts. PMID:1993102

  4. Financing energy development

    The 1990s is likely to be a decade of double growth: in energy demand and environmental protection. This leads the author of this paper to ask the pertinent questions of where the money will come from, and in what form, to finance the growth in capacity to produce this energy and the technology required to produce and burn it cleanly. With a focus on Asian energy markets, this paper first illustrates the problem by describing the rapid growth of energy demand in the region. It describes the growth in Japan as well as China and the fast-growing economies of Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. Energy demand growth rates of almost 5 percent in the 1980s are expected to continue to grow at that rate at least until 2005, doubling today's level of consumption and putting the energy supply system under great strain. Because of the large sums involved, this paper pints out the necessity of inventing new, innovative devices for future fund raising. This will require the participation of institutions such as insurance companies and regional banks that have little experience in the energy field. This paper suggests that these and the established players in energy finance will have recourse to two new approaches: Build-Operate-Transfer and Trustee Borrowing schemes

  5. Financing wind energy projects

    Triodos Bank has more than 10 years of experience with developing and financing wind projects in the Netherlands. Over 50 Megawatt has been installed with direct involvement of the bank. The experience is both as a bank and as a venture capital fund. In this contribution the perspective will be more from a venture capital point of view than as a bank. The bank's activities in the wind energy sector started in 1986 by forming a joint venture with an engineering bureau, experienced i wind energy but not yet in developing wind projects. From 1989 onwards the joint venture started to build wind farms, both as a private company and in a joint venture with utilities. The European Investment Bank became involved with a long-term debt finance facility (15 years, fixed interest loan). The main difficulties were long-term commitments from landowners (Dike authorities) and utilities with regard to power contracts. The development got really stuck when utilities refused to pay a fair price anymore. Also, site development became more and more difficult. Even the poor technical performance improved drastically and did not frighten developers and banks too much. (author)

  6. 15 CFR 784.5 - Subsidiary arrangements.


    ... conclude a general subsidiary arrangement with the IAEA that governs complementary access activities..., the U.S. Government will negotiate a location-specific subsidiary arrangement with the IAEA. The... location-specific subsidiary arrangement with the IAEA and may observe the negotiations to the...

  7. 29 CFR 779.229 - Other arrangements.


    ..., Franchise and Other Business Arrangements § 779.229 Other arrangements. With respect to those arrangements...” establishment will be considered a part of the same “enterprise.” For example, whether a franchise, lease, or... the enterprise which grants the franchise, right, or concession. (S. Rept. 145, 87th Cong., 1st...

  8. 42 CFR 413.241 - Pharmacy arrangements.


    ... 42 Public Health 2 2010-10-01 2010-10-01 false Pharmacy arrangements. 413.241 Section 413.241... Disease (ESRD) Services and Organ Procurement Costs § 413.241 Pharmacy arrangements. Effective January 1, 2011, an ESRD facility that enters into an arrangement with a pharmacy to furnish renal...


    Chernyshov Alexander V.


    Full Text Available The music-compositional principles of commercial and political advertising and also the self-promotion of electronic media (radio, television, Internet are considered in this mediatext: from the elementary beeps, symbolic functions, emblems/logos and musical brands to the sound engineering technology to underscore the product's name and the complex synthesis between music and intra movements and color-light design of frames. Simultaneously examines, how the musical arrangement of ethereal advertising is involved in creation the emotional drama or bravado which reach the level of explicit or associative counterpoint 'music with the advertised object or subject' and which extend to expression of cultural image of all the broadcast channel. The article explores the works of the next genres like infomercial, teleshopping, film-ad, and autonomous commercials that have been produced in European countries or USA.

  10. High mass isotope separation arrangement

    An isotope separation arrangement for separating a preselected isotope from a mixture of chemically-identical but isotopically-different molecules by either photon-induced pure revibrational or vibronic selective excitation of the molecules containing the atoms of the isotope to be separated from a lower to a higher energy state, and a chemical reaction of the higher energy state molecules with a chemically-reactive agent to form a chemical compound containing primarily the atoms of the isotope to be separated in a physicochemical state different from the physicochemical state of the mixture of chemically-identical but isotopically-different molecules. The chemical compound containing the atoms of the isotope to be separated may be subsequently processed to obtain the isotope. The laser configuration used to generate the photon beam is fully described

  11. Aft outer rim seal arrangement

    Lee, Ching-Pang; Tham, Kok-Mun; Schroeder, Eric; Meeroff, Jamie; Miller, Jr., Samuel R; Marra, John J; Campbell, Christian X


    An outer rim seal arrangement (10), including: an annular rim (70) centered about a longitudinal axis (30) of a rotor disc (31), extending fore and having a fore-end (72), an outward-facing surface (74), and an inward-facing surface (76); a lower angel wing (62) extending aft from a base of a turbine blade (22) and having an aft end (64) disposed radially inward of the rim inward-facing surface to define a lower angel wing seal gap (80); an upper angel wing (66) extending aft from the turbine blade base and having an aft end (68) disposed radially outward of the rim outward-facing surface to define a upper angel wing seal gap (80, 82); and guide vanes (100) disposed on the rim inward-facing surface in the lower angel wing seal gap. Pumping fins (102) may be disposed on the upper angel wing seal aft end in the upper angel wing seal gap.

  12. International arrangements against nuclear terrorism

    International efforts to show the spread of nuclear weapons have created an international norm of nonproliferation, backed by a variety of enforcement mechanisms. Together they are often referred to as the nonproliferation regime. This regime is reviewed, starting with the 1963 Limited Test Ban Treaty. The centerpiece of the regime, the Non-Proliferation Treaty (NPT), signed in 1968, now has 135 parties, including most of the advanced industrial nuclear countries. Results of the 1985 NPT Review Conference are briefly discussed; the 86 NPT parties that attended reaffirmed the treaty's value, pledged continued support for the IAEA safeguards system, and called upon nonsigners to renounce nuclear weapons and accept IAEA safeguards. A section is devoted to the physical protection of nuclear materials, facilities, and weapons. Finally, recommendations are presented to improve international arrangements against nuclear terrorists

  13. The physics of custody arrangements

    Gomberoff, Andrés; Romagnoli, Pierre Paul


    Divorced individuals face complex situations when they have children with different ex-partners, or even more, when their new partners have children of their own. In such cases, and when kids spend every other weekend with each parent, a practical problem emerges: Is it possible to have such a custody arrangement that every couple has either all of the kids together or no kids at all? We show that in general, it is not possible, but that the number of couples that do can be maximized. The problem turns out to be equivalent to finding the ground state of a spin glass system, which is known to be equivalent to what is called a weighted max-cut problem in graph theory, and hence it is NP-Complete.

  14. Innovating Development Finance : From Financing Sources to Financial Solutions

    Girishankar, Navin


    As early as 2000, development partners embarked on a decade-long search for "innovative" or alternative sources of Official Development Assistance to help finance achievement of the Millennium Development Goals. For their part, developing countries have sought not only more financial flows but better financial solutions, for example, through partnerships that mobilize private finance for p...


    Cristina-Aurora, BUNEA-BONTAS


    Full Text Available Leasing is an important additional financing technique used by many companies, enabling them to use property, plant and equipment without making large initial cash outlays. It also provides flexibility, allowing entities to address obsolescence risks. Under current accounting rules, when referring to the operating leasing in particular, there is a lack of comparability between the financial position and operating results of companies that buy assets and the financial position and operating results of those that lease similar assets. This has led critics to assert that the current accounting does not portray the economics of lease arrangements. In response to this criticism, the IASB and FASB have developed a new approach to lease accounting that would require a lessee to recognise assets and liabilities for the rights and obligations created by leases, this providing greater transparency and comparability for financial statements users. On the other hand, the proposals will affect almost every company and the impact of the proposed changes may be significant, as recognising additional assets and liabilities and finance expense will affect key performance ratios and, consequently, the ability to satisfy debt covenants.

  16. Injunctions against mere conduit of information protected by copyright

    Sandfeld Jakobsen, Søren; Petersen, Clement Salung

    This paper includes an in-depth analysis of EU law and Scandinavian law on injunctions against internet access providers (IAPs) performing as mere conduit of information protected by copyright. In recent Scandinavian case law, courts have granted preliminary injunctions which have caused IAPs to...... either shut down specific internet connections allegedly used to infringe copyright or to block access to internet content, which allegedly infringed applicable copyright rules. This paper considers some significant legal challenges, which are emerging in the wake of this case law, and which should...... attract attention in all European member states. Firstly, it is shown that rules on preliminary injunctions are generally unable to safeguard the significant legitimate interests of third parties, which may be harmed by such relief, and that a proper implementation of Art. 8(3) of the Infosoc Directive...

  17. Palliative urinary conduit diversion in cases of intolerable urinary discomfort

    Fifteen patients with incurable gynecological cancers, all primary radiation treated and all having severe urinary discomfort due to urinary tract injuries were retrospectively examined after urinary conduit diversion. All have been followed-up until termination or until all survivors had lived for 6 months after the operation. Twelve of the 15 were discharged from the hospital, 10 of whom survived the first 6 months. Of those discharged 82% of the cumulated sum of postoperative observations days was spent out of the hospital. At the end of the observation period nine patients had been supplied with a colostomy as well, thus having double stomas. All six patients still alive declared in retrospect that given the choice again, they would still be willing to undergo the operation

  18. Mastering R for quantitative finance

    Berlinger, Edina; Badics, Milán; Banai, Ádám; Daróczi, Gergely; Dömötör, Barbara; Gabler, Gergely; Havran, Dániel; Juhász, Péter; Margitai, István; Márkus, Balázs; Medvegyev, Péter; Molnár, Julia; Szucs, Balázs Árpád; Tuza, Ágnes; Vadász, Tamás; Váradi, Kata; Vidovics-Dancs, Ágnes


    This book is intended for those who want to learn how to use R's capabilities to build models in quantitative finance at a more advanced level. If you wish to perfectly take up the rhythm of the chapters, you need to be at an intermediate level in quantitative finance and you also need to have a reasonable knowledge of R.

  19. The Possibilities of Strategic Finance

    Chaffee, Ellen


    Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable…

  20. Financing of SNR and THTR

    To finance the progressed reactor lines, the Federal Cabinet emphasized its decision of 23 September 1981 to require an increased participation of the electricity industry in the total costs of the project SNR 300. Some starting points of the financing are presented. (orig./UA)

  1. Economic Development and Islamic Finance

    Iqbal, Zamir; Mirakhor, Abbas


    Islamic finance has been practiced in some form since the inception of Islam, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. In recent years, significant interest in Islamic finance has emerged in the world's leading conventional financial centers...

  2. Clean air and project financing

    This article examines how environmental requirements are challenging the developers ability to secure financing for independent energy projects. The topics addressed in the article include a review of the US Environmental Protection Agency auction rules for acid rain emission allowances, short term and long term market demand, project financing issues, credit value and matching interests

  3. The Possibilities of Strategic Finance

    Chaffee, Ellen


    Strategic finance is aligning financial decisions--regarding revenues, creating and maintaining institutional assets, and using those assets--with the institution's mission and strategic plan. The concept known as "strategic finance" increasingly is being seen as a useful perspective for helping boards and presidents develop a sustainable

  4. Sanitation Finance in Rural Cambodia

    Robinson, Andy


    This document presents the findings of a study on sanitation finance in Cambodia conducted for the Water and Sanitation Program (WSP) with support from the Asian Development Bank (ADB). The overall objective of the assignment was to consider sustainable sanitation financing options with a focus on promoting access for the poorest. This guidance note contains an introduction on sanitation f...

  5. Local financing through capital markets

    Alexandru, Ciprian Antoniade


    In this paper are presented results of research conducted to identify sources of financing alternatives for local community. The study includes an analysis of the present situation on the financing of investments by local municipal bonds. The paper ends with the presentation of the benefits of municipal bonds and proposals on the development of this market.

  6. Credit Reporting and Financing Constraints

    Love, Inessa; Mylenko, Nataliya


    The authors combine firm-level data from the World Bank Business Environment Survey (WBES) with data on private and public credit registries to investigate whether the presence of a credit registry in a country is associated with lower financing constraints, as perceived by managers, and with higher share of bank financing. They find that the existence of private credit registries is assoc...

  7. Bank Supervision and Corporate Finance

    Beck, Thorsten; Demirguc-Kunt , Asli; Levine, Ross


    The authors examine the impact of bank supervision on the financing obstacles faced by almost 5,000 corporations across 49 countries. They find that firms in countries with strong official supervisory agencies that directly monitor banks tend to face greater financing obstacles. Moreover, powerful official supervision tends to increase firm reliance on special connections and corruption in...

  8. Public Finance Administration. Second Edition.

    Reed, B. J.; Swain, John W.

    This book is intended for the nonexpert in finance who has a public administration background. It opens with a broad introduction to public finance administration and how this job is related to public budgeting, the practice of public-sector accounting, and the economic concepts of money and value. Issues surrounding public revenue, its sources,…

  9. A one-dimensional heat-transport model for conduit flow in karst aquifers

    Long, A.J.; Gilcrease, P.C.


    A one-dimensional heat-transport model for conduit flow in karst aquifers is presented as an alternative to two or three-dimensional distributed-parameter models, which are data intensive and require knowledge of conduit locations. This model can be applied for cases where water temperature in a well or spring receives all or part of its water from a phreatic conduit. Heat transport in the conduit is simulated by using a physically-based heat-transport equation that accounts for inflow of diffuse flow from smaller openings and fissures in the surrounding aquifer during periods of low recharge. Additional diffuse flow that is within the zone of influence of the well or spring but has not interacted with the conduit is accounted for with a binary mixing equation to proportion these different water sources. The estimation of this proportion through inverse modeling is useful for the assessment of contaminant vulnerability and well-head or spring protection. The model was applied to 7 months of continuous temperature data for a sinking stream that recharges a conduit and a pumped well open to the Madison aquifer in western South Dakota. The simulated conduit-flow fraction to the well ranged from 2% to 31% of total flow, and simulated conduit velocity ranged from 44 to 353 m/d.

  10. 30 CFR 75.700 - Grounding metallic sheaths, armors, and conduits enclosing power conductors.


    ... 30 Mineral Resources 1 2010-07-01 2010-07-01 false Grounding metallic sheaths, armors, and conduits enclosing power conductors. 75.700 Section 75.700 Mineral Resources MINE SAFETY AND HEALTH... Grounding § 75.700 Grounding metallic sheaths, armors, and conduits enclosing power conductors. All...

  11. 30 CFR 77.700 - Grounding metallic sheaths, armors, and conduits enclosing power conductors.


    ... 30 Mineral Resources 1 2010-07-01 2010-07-01 false Grounding metallic sheaths, armors, and... AND SURFACE WORK AREAS OF UNDERGROUND COAL MINES Grounding § 77.700 Grounding metallic sheaths, armors, and conduits enclosing power conductors. Metallic sheaths, armors, and conduits enclosing...

  12. Hydraulic transients in pumping station-main conduit - Cooling tower systems

    The paper presented a method of starting up a pump with a partially filled main conduit allows to avoided filling the conduit with a low head and draining the pipeline followed by rotation of the pump in the opposite direction. This provides reduction of dynamic loads on the system elements and increases the reliability and time of the work

  13. In vivo studies of silk based gold nano-composite conduits for functional peripheral nerve regeneration.

    Das, Suradip; Sharma, Manav; Saharia, Dhiren; Sarma, Kushal Konwar; Sarma, Monalisa Goswami; Borthakur, Bibhuti Bhusan; Bora, Utpal


    We report a novel silk-gold nanocomposite based nerve conduit successfully tested in a neurotmesis grade sciatic nerve injury model in rats over a period of eighteen months. The conduit was fabricated by adsorbing gold nanoparticles onto silk fibres and transforming them into a nanocomposite sheet by electrospinning which is finally given a tubular structure by rolling on a stainless steel mandrel of chosen diameter. The conduits were found to promote adhesion and proliferation of Schwann cells in vitro and did not elicit any toxic or immunogenic responses in vivo. We also report for the first time, the monitoring of muscular regeneration post nerve conduit implantation by recording motor unit potentials (MUPs) through needle electromyogram. Pre-seeding the conduits with Schwann cells enhanced myelination of the regenerated tissue. Histo-morphometric and electrophysiological studies proved that the nanocomposite based conduits pre-seeded with Schwann cells performed best in terms of structural and functional regeneration of severed sciatic nerves. The near normal values of nerve conduction velocity (50 m/sec), compound muscle action potential (29.7 mV) and motor unit potential (133 ?V) exhibited by the animals implanted with Schwann cell loaded nerve conduits in the present study are superior to those observed in previous reports with synthetic materials as well as collagen based nerve conduits. Animals in this group were also able to perform complex locomotory activities like stretching and jumping with excellent sciatic function index (SFI) and led a normal life. PMID:26026910

  14. 78 FR 53752 - City of Sandpoint, Idaho; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Qualifying Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On August 15, 2013, City of Sandpoint, Idaho filed a notice of intent to construct a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower...

  15. 78 FR 62351 - North Side Canal Company; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Qualifying Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On October 3, 2013, North Side Canal Company, filed a notice of intent to construct a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower...

  16. 78 FR 61985 - City of Astoria, Oregon; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On September 24, 2013, City of Astoria, Oregon (Astoria) filed a notice of intent to construct a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the...

  17. 78 FR 66355 - Pleasant Grove City, UT; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On October 22, 2013, as... a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower Regulatory Efficiency Act of 2013 (HREA). The 120 kW Battle...

  18. 78 FR 69847 - North Side Canal Company; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Qualifying Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On November 5, 2013, North Side Canal Company, filed a notice of intent to construct a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower...

  19. 78 FR 61987 - Corbett Water District; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On September 23, 2013, Corbett Water District filed a notice of intent to construct a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower...

  20. 78 FR 56872 - City of Barre, Vermont; Notice of Preliminary Determination of a Qualifying Conduit Hydropower...


    ... Conduit Hydropower Facility and Soliciting Comments and Motions To Intervene On August 29, 2013, City of Barre, Vermont filed a notice of intent to construct a qualifying conduit hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower...

  1. Comparison of divided sciatic nerve growth within dermis, venous and nerve graft conduit in rat

    Mohammad Javad Fatemi


    Conclusions: In the present study, dermis was used as the nerve conduit for the first time. This study indicates that the dermal tube is not a suitable conduit for nerve regeneration till further studies to resolve the problems before clinical application.

  2. Financing electricity expansion

    Expansion of electricity supply is associated with economic development. The installation and enlargement of power systems in developing countries entails a huge financial burden, however. Energy consumers in such countries must pay not only for supplies but for the cost of raising the capital for expansion on the international markets. Estimates are presented for the capital expenditure for electricity supply over the period 1990 to 2020 for the major world regions, using approximations for the cost of plant and capital and for the returns earned. These data lead to the conclusion that the five regions with the lowest per capita incomes are those which will need the major part of the capital expenditure and the highest percentage of external finance. (6 tables) (UK)

  3. Romanian SMEs Financing Options:

    Ioan E. Nistor


    Full Text Available One of the most pressing problems faced by micro, small and medium sized enterprises (henceforth SMEs in Europe is the access to sufficient funds to sustain their long term growth. Romanian SMEs make no exception. In this context the present paper focuses on analyzing the extent to which external funding sources have contributed to the value added created by the Romanian SMEs between 2007 and 2011.The investigation’s results indicate the existence of a causal link between some forms of external financing (namely bank loans, leasing, factoring, guarantee products and European funds and the value added created by the Romanian micro, small and medium sized enterprises in the aforementioned period.

  4. Statistics and finance an introduction

    Ruppert, David


    This textbook emphasizes the applications of statistics and probability to finance. Students are assumed to have had a prior course in statistics, but no background in finance or economics. The basics of probability and statistics are reviewed and more advanced topics in statistics, such as regression, ARMA and GARCH models, the bootstrap, and nonparametric regression using splines, are introduced as needed. The book covers the classical methods of finance such as portfolio theory, CAPM, and the Black-Scholes formula, and it introduces the somewhat newer area of behavioral finance. Applications and use of MATLAB and SAS software are stressed. The book will serve as a text in courses aimed at advanced undergraduates and masters students in statistics, engineering, and applied mathematics as well as quantitatively oriented MBA students. Those in the finance industry wishing to know more statistics could also use it for self-study. David Ruppert is the Andrew Schultz, Jr. Professor of Engineering, School of Oper...

  5. CODAC systems arrangement and connectivity

    Highlights: •The CODAC system is a distributed system and scattered in many buildings connected with cables. Building construction for ITER project is just started so volume reservation for different CODAC component is done based on the content of this paper. •The 2-D and 3-D diagrams have been prepared which are showing the location of different CODAC equipment and their connectivity. •The different requirements regarding raised access (false) floor, power requirements, heat load, installation, maintenance, redundancy, and segregation etc. have been considered. -- Abstract: The CODAC system is responsible for integrating all ITER plant system Instrumentation and Control systems and enabling operation of ITER machine as a single integrated facility. The different ITER plant systems and their Instrumentation and Control systems are distributed in several ITER buildings on the ITER platform. The CODAC systems have to interface with all these distributed plant system I and C systems. CODAC systems will be composed of several physical systems or components like networks, servers, workstations (terminals), large displays, PSH, storage systems etc. Several rooms in different buildings have been defined to house all above equipment. The site-wide CODAC network infrastructure will be based on a dual (redundant) star topology. The two redundant star points will house the core networking switches. These redundant core switches will be installed in different buildings. Cubicles used for network infrastructure are distributed among “hutches,” where a CODAC hutch is a room or area equipped with appropriate heating, ventilation, air conditioning and uninterruptible power which will be directly connected through two star points. The responsibility of CODAC infrastructure ends up to the plant system I and C cubicles so several passive CODAC network panels have identified in all I and C rooms of different plant buildings. This CODAC Network Panel will be the physical termination point for CODAC Network infrastructure. The CODAC Network cables running from the nearest CODAC Network hutch will terminate in these panels. Network panels are installed at strategic locations close to plant system I and C cubicles. This paper will describe more details about the physical arrangement of CODAC systems in different buildings on ITER platform for different purpose and their planned connectivity. This paper will also provide more information about the volume allocations for CODAC components, planned cabling arrangement and other infrastructure requirements like electrical and cooling etc

  6. CODAC systems arrangement and connectivity

    Gulati, Hitesh Kumar, E-mail:; Beltran, David; Kuehn, Ingo; Kotamaki, Miikka; Makijarvi, Petri; Wallander, Anders


    Highlights: •The CODAC system is a distributed system and scattered in many buildings connected with cables. Building construction for ITER project is just started so volume reservation for different CODAC component is done based on the content of this paper. •The 2-D and 3-D diagrams have been prepared which are showing the location of different CODAC equipment and their connectivity. •The different requirements regarding raised access (false) floor, power requirements, heat load, installation, maintenance, redundancy, and segregation etc. have been considered. -- Abstract: The CODAC system is responsible for integrating all ITER plant system Instrumentation and Control systems and enabling operation of ITER machine as a single integrated facility. The different ITER plant systems and their Instrumentation and Control systems are distributed in several ITER buildings on the ITER platform. The CODAC systems have to interface with all these distributed plant system I and C systems. CODAC systems will be composed of several physical systems or components like networks, servers, workstations (terminals), large displays, PSH, storage systems etc. Several rooms in different buildings have been defined to house all above equipment. The site-wide CODAC network infrastructure will be based on a dual (redundant) star topology. The two redundant star points will house the core networking switches. These redundant core switches will be installed in different buildings. Cubicles used for network infrastructure are distributed among “hutches,” where a CODAC hutch is a room or area equipped with appropriate heating, ventilation, air conditioning and uninterruptible power which will be directly connected through two star points. The responsibility of CODAC infrastructure ends up to the plant system I and C cubicles so several passive CODAC network panels have identified in all I and C rooms of different plant buildings. This CODAC Network Panel will be the physical termination point for CODAC Network infrastructure. The CODAC Network cables running from the nearest CODAC Network hutch will terminate in these panels. Network panels are installed at strategic locations close to plant system I and C cubicles. This paper will describe more details about the physical arrangement of CODAC systems in different buildings on ITER platform for different purpose and their planned connectivity. This paper will also provide more information about the volume allocations for CODAC components, planned cabling arrangement and other infrastructure requirements like electrical and cooling etc.

  7. Debt relief and financing climate change action

    Fenton, Adrian; Wright, Helena; Afionis, Stavros; Paavola, Jouni; Huq, Saleemul


    Slow progress in scaling-up climate finance has emerged as a major bottleneck in international negotiations. Debt relief for climate finance swaps could provide an alternative source for financing mitigation and adaptation action in developing countries.

  8. Financing Infrastructure: A Spectrum of Country Approaches

    Sophia Chong; Emily Poole


    Over recent decades, there has been a shift away from public infrastructure financing towards private infrastructure financing, particularly in advanced economies. In this article, infrastructure financing in four countries – China, India, Australia and the United Kingdom – is examined to illustrate the different approaches taken by governments to finance infrastructure and encourage private financing. In all four countries, public financing of infrastructure remains significant, ranging from...

  9. Sharing of Risks in Islamic Finance

    Sekreter, Ahmet


    For most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system for conventional finance. Sharing the risks is the main concept of Islamic finance and one of the main differences between conventional and Islamic finance. Depositors/savers do not bear any risk in conventional finance however Islamic fina...

  10. Brief to the Canadian and Ontario Governments on the Financing of Higher Education in Canada.

    Council of Ontario Universities, Toronto.

    The Council of Ontario Universities, in view of important decisions to be made about the financing of university education, addresses a brief to the governments of Canada and Ontario. Discussed are: (1) the tripartite approach; (2) federal, provincial and university responsibilities; (3) federal-provincial funding arrangements; (4) the fiscal…

  11. Studying and Working: A National Study of Student Finances and Student Engagement

    Devlin, Marcia; James, Richard; Grigg, Gabrielle


    A key determinant of the new relationship between students and universities in Australia is the changing nature of higher education funding arrangements and the shift towards "user-pays". In 2007, the Centre for the Study of Higher Education (CSHE) completed a commissioned national study, "Australian University Student Finances 2006: Final Report

  12. Adequacy, Efficiency and Equity of Higher Education Financing: The Case of Egypt

    Fahim, Yasmine; Sami, Noha


    To meet its future challenges in financing higher education, Egypt has no option but to search for alternative funding arrangements. This article considers the question of how to do so, keeping in mind the need to ensure equitable access to good quality education for those who cannot afford it. To this end, the article begins by assessing public

  13. Engineering a multimodal nerve conduit for repair of injured peripheral nerve

    Quigley, A. F.; Bulluss, K. J.; Kyratzis, I. L. B.; Gilmore, K.; Mysore, T.; Schirmer, K. S. U.; Kennedy, E. L.; O'Shea, M.; Truong, Y. B.; Edwards, S. L.; Peeters, G.; Herwig, P.; Razal, J. M.; Campbell, T. E.; Lowes, K. N.; Higgins, M. J.; Moulton, S. E.; Murphy, M. A.; Cook, M. J.; Clark, G. M.; Wallace, G. G.; Kapsa, R. M. I.


    Injury to nerve tissue in the peripheral nervous system (PNS) results in long-term impairment of limb function, dysaesthesia and pain, often with associated psychological effects. Whilst minor injuries can be left to regenerate without intervention and short gaps up to 2 cm can be sutured, larger or more severe injuries commonly require autogenous nerve grafts harvested from elsewhere in the body (usually sensory nerves). Functional recovery is often suboptimal and associated with loss of sensation from the tissue innervated by the harvested nerve. The challenges that persist with nerve repair have resulted in development of nerve guides or conduits from non-neural biological tissues and various polymers to improve the prognosis for the repair of damaged nerves in the PNS. This study describes the design and fabrication of a multimodal controlled pore size nerve regeneration conduit using polylactic acid (PLA) and (PLA):poly(lactic-co-glycolic) acid (PLGA) fibers within a neurotrophin-enriched alginate hydrogel. The nerve repair conduit design consists of two types of PLGA fibers selected specifically for promotion of axonal outgrowth and Schwann cell growth (75:25 for axons; 85:15 for Schwann cells). These aligned fibers are contained within the lumen of a knitted PLA sheath coated with electrospun PLA nanofibers to control pore size. The PLGA guidance fibers within the nerve repair conduit lumen are supported within an alginate hydrogel impregnated with neurotrophic factors (NT-3 or BDNF with LIF, SMDF and MGF-1) to provide neuroprotection, stimulation of axonal growth and Schwann cell migration. The conduit was used to promote repair of transected sciatic nerve in rats over a period of 4 weeks. Over this period, it was observed that over-grooming and self-mutilation (autotomy) of the limb implanted with the conduit was significantly reduced in rats implanted with the full-configuration conduit compared to rats implanted with conduits containing only an alginate hydrogel. This indicates return of some feeling to the limb via the fully-configured conduit. Immunohistochemical analysis of the implanted conduits removed from the rats after the four-week implantation period confirmed the presence of myelinated axons within the conduit and distal to the site of implantation, further supporting that the conduit promoted nerve repair over this period of time. This study describes the design considerations and fabrication of a novel multicomponent, multimodal bio-engineered synthetic conduit for peripheral nerve repair.

  14. Financing long term liabilities

    In the '80 even if there were no precise law disposition in this specific matter, Enel has created a fund for the plants decommissioning and a fund for the irradiated fuel management. A setting aside pluri-annual plan has been defined. Cumulated funds transferred to the Sogin at the date of its constitution amount to about 1500 MLD ITL (750 M Euro). This amount was adequate to complete decommissioning activities within the Safe Store strategy. Following the separation of Sogin from Enel, a funding mechanism has been defined to provide resources for additional costs deriving from the different economic conditions (new discount rate and taxes), from the management costs for the new company, and from the change in strategy (from Safe Store to DECON). A Decree of the Ministry of the Industry, issued on 26 January 2000, states that the above mentioned extra costs for Sogin shall be financed on a levy on the price of the sold kWh. Every year Sogin shall present the program of future activities, with associated costs: on this basis, the national Authority for Electric energy and Gas (the national body which defines tariff policy) shall re-evaluate the global amount to be granted to Sogin and the levy on the price of the kWh due to Sogin for next three years. The re-evaluation will take into account economic efficiency criteria. For the period 2002- 2004 the Authority has defined a global amount of about 362 M euros to be granted to Sogin, corresponding to ∼0,04 cents of Euro per kWh. The same procedure is foreseen by the Decree in order to finance Sogin for additional costs related to the dismantling of nuclear installations now property of ENEA. In this context, a Consortium between ENEA and Sogin has been established. The Authority for the period 2002-2004 has defined a global amount of about 106 M euros to be granted to the Consortium, corresponding to ∼0,015 cents of Euro per kWh. (author)

  15. Exchange rate arrangements from extreme to normal

    Beker Emilija


    The paper studies theoretical and empirical location dispersion of exchange rate arrangements - rigid-intermediate-flexible regimes, in the context of extreme arrangements of a currency board, dollarization and monetary union moderate characteristics of intermediate arrangements (adjustable pegs crawling pegs and target zones) and imperative-process "normalization" in the form of a managed or clean floating system. It is established that de iure and de facto classifications generate "fear of ...


    Agnieszka Bem


    Full Text Available Healthcare in Poland is mainly financed by public sector entities, among them the National Health Fund (NFZ, state budget and local government budgets. The task of the National Health Fund, as the main payer in the system, is chiefly currently financing the services. The state budget plays a complementary role in the system, and finances selected groups of services, health insurance premiums and investments in healthcare infrastructure. The basic role of the local governments is to ensure access to the services, mostly by performing ownership functions towards healthcare institutions.

  17. Behavioural Finance: Theory and Survey

    Daiva Jurevičienė


    Full Text Available The paper analyses the importance of behavioural finance theories in household decision-making process. Behavioural finance theories investigate emotional characteristics to explain subjective factors and irrational anomalies in financial markets. In this regard, behavioural theories and behavioural anomalies in the decision-making process are examined; the application opportunities in the financial market are described. The aim of investigation is to determine the basic features and slopes of behavioural finance in concordance with financial decisions of a household. The survey method was applied to ascertain financial behaviour of literate households.

  18. Access to Finance Thresholds and the Finance-Growth Nexus

    Ben Jelili, Riadh; Abdmoulah, Walid


    Based on Aghion et al. (2005), this article provides new insights regarding whether financial development can affect economic growth non-linearly by adopting the concept of threshold effects. The empirical approach adopted in this article allows for the finance-growth relationship to be piecewise linear with a set of indicators including access to finance acting as a regime-switching trigger. Using cross-country observations from 144 countries stretching from 1985 to 2009, strong evidence of ...

  19. Women and finance.

    Seaforth, W


    This article discusses women's rights to inherit land, the impact of flexible loan schemes for women, and the paucity of available loan schemes for women. The poor without land ownership have many problems obtaining credit for shelter from conventional finance markets. The poor must limit loans to small amounts that banks do not want to bother with. Eligibility criteria for loans usually require collateral, such as a high and regular income, savings, or land. The poor, and particularly poor women, cannot acquire credit or can do so only through a husband or male relative. Female heads of households are discriminated against when the man is assumed to be the major income source. Most housing purchases in developing countries are made through cash payments from family savings or informal loans. Even small loans may place a heavy burden on women. The author gives several examples of credit groups and their success in generating income and housing security. There remains a need to provide training and education for women and to improve women's access to credit and land. Information should be available to women on how to obtain credit. Governments and nongovernmental organizations have a responsibility to provide support for women's efforts to provide housing and support for their families. PMID:12293545

  20. Financing hospital disaster preparedness.

    De Lorenzo, Robert A


    Disaster preparedness and response have gained increased attention in the United States as a result of terrorism and disaster threats. However, funding of hospital preparedness, especially surge capacity, has lagged behind other preparedness priorities. Only a small portion of the money allocated for national preparedness is directed toward health care, and hospitals receive very little of that. Under current policy, virtually the entire funding stream for hospital preparedness comes from general tax revenues. Medical payers (e.g., Medicare, Medicaid, and private insurance) directly fund little, if any, of the current bill. Funding options to improve preparedness include increasing the current federal grants allocated to hospitals, using payer fees or a tax to subsidize preparedness, and financing other forms of expansion capability, such as mobile hospitals. Alternatively, the status quo of marginal preparedness can be maintained. In any event, achieving higher levels of preparedness likely will take the combined commitment of the hospital industry, public and private payers, and federal, state, and local governments. Ultimately, the costs of preparedness will be borne by the public in the form of taxes, higher healthcare costs, or through the acceptance of greater risk. PMID:18087914

  1. Computing for Finance

    CERN. Geneva


    The finance sector is one of the driving forces for the use of distributed or Grid computing for business purposes. The speakers will review the state-of-the-art of high performance computing in the financial sector, and provide insight into how different types of Grid computing – from local clusters to global networks - are being applied to financial applications. They will also describe the use of software and techniques from physics, such as Monte Carlo simulations, in the financial world. There will be four talks of 20min each. The talk abstracts and speaker bios are listed below. This will be followed by a Q&A panel session with the speakers. From 19:00 onwards there will be a networking cocktail for audience and speakers. This is an EGEE / CERN openlab event organized in collaboration with the regional business network A webcast of the event will be made available for subsequent viewing, along with powerpoint material presented by the speakers. Attendance is free and open to all. R...

  2. Financing Hierarchy, Financial Market Constraints, Leverage and Investment Financing in a Low-Income Developing Country

    Omotunde E. G. Johnson


    A debt-service constraint and co-financing requirement for outside equity financing are incorporated into a financing hierarchy framework in which firms behave as if they prefer inside to outside financing and debt to equity when they use outside financing. The constraints place both a floor and a ceiling on the ratios of debt to outside financing and a ceiling on the ration of outside equity to outside finance. If creditors and outside investor act in concert, under certain conditions, they ...

  3. Fluid-Rock Dynamic Interaction in Magmatic Conduits: Modelling Transients Using an Analytical Solution

    Arciniega-Ceballos, Alejandra; Scheu, Bettina; Sanchez-Sesma, Francisco; Dingwell, Donald


    We compute transients fluid-rock dynamic interaction in a fluid driven axisymmetric conduit embedded in an infinite, homogeneous elastic space. Both fluid and solid are dynamically coupled fulfilling continuity of velocities and radial stresses at the conduit's wall. The calculation model considers the viscosity as a key parameter leading to non-linear scheme. A pressure transient at a point of the conduit, that perturbs a steady flow of incompressible viscous fluid, produces the interaction between the fluid and motion at the conduit's walls. The fluid motion induces the elastic response of the conduit forcing it to oscillate radially. The fluid-filled conduit dynamics is governed by three second-order, ordinary non-linear differential equations, which are solved numerically by applying a fifth-order Runge-Kutta scheme. Boundary conditions satisfy the Bernoulli's principle allowing coupling several pipe segments which may present smooth variation in fluid properties. The nature of the source involves different pressure excitations functions including those measuring during simulations of gas burst and fragmentation of volcanic rocks under controlled laboratory conditions. Far-field velocity synthetics radiated by motion of the conduit's walls and fluid flows ascending to the surface, display characteristic waveforms and frequency content that are similar to those of long-period signals and tremor observed at active volcanoes. Results suggest that transient fluid flow induced oscillations may explain long-period and tremor signals. Advantages and limitations of this approach are discussed.

  4. A novel bioactive nerve conduit for the repair of peripheral nerve injury

    Li, Bin-bin; Yin, Yi-xia; Yan, Qiong-jiao; Wang, Xin-yu; Li, Shi-pu


    The use of a nerve conduit provides an opportunity to regulate cytokines, growth factors and neurotrophins in peripheral nerve regeneration and avoid autograft defects. We constructed a poly-D-L-lactide (PDLLA)-based nerve conduit that was modified using poly{(lactic acid)-co-[(glycolic acid)-alt-(L-lysine)]} and β-tricalcium phosphate. The effectiveness of this bioactive PDLLA-based nerve conduit was compared to that of PDLLA-only conduit in the nerve regeneration following a 10-mm sciatic nerve injury in rats. We observed the nerve morphology in the early period of regeneration, 35 days post injury, using hematoxylin-eosin and methylene blue staining. Compared with the PDLLA conduit, the nerve fibers in the PDLLA-based bioactive nerve conduit were thicker and more regular in size. Muscle fibers in the soleus muscle had greater diameters in the PDLLA bioactive group than in the PDLLA only group. The PDLLA-based bioactive nerve conduit is a promising strategy for repair after sciatic nerve injury.

  5. Representation of water abstraction from a karst conduit with numerical discrete-continuum models

    T. Reimann


    Full Text Available Karst aquifers are characterized by highly conductive conduit flow paths embedded in a less conductive fissured and fractured matrix resulting in strong permeability contrasts with structured heterogeneity and anisotropy. Groundwater storage occurs predominantly in the fissured matrix. Hence, most karst models assume quasi steady-state flow in conduits neglecting conduit associated drainable storage (CADS. The concept of CADS considers storage volumes, where karst water is not part of the active flow system but rather hydraulically connected to conduits (for example karstic voids and large fractures. The disregard of conduit storage can be inappropriate when direct water abstraction from karst conduits occurs, e.g. large scale pumping. In such cases, CADS may be relevant. Furthermore, the typical fixed head boundary condition at the karst outlet can be inadequate for water abstraction scenarios because unhampered water inflow is possible. The objective of this paper is to analyze the significance of CADS and flow-limited boundary conditions on the hydraulic behavior of karst aquifers in water abstraction scenarios. To this end, the numerical hybrid model MODFLOW-2005 Conduit Flow Process Mode 1 (CFPM1 is enhanced to account for CADS. Additionally, a fixed-head limited-flow (FHLQ boundary condition is added that limits inflow from constant head boundaries to a user-defined threshold. The affect and proper functioning of these modifications is demonstrated by simplified model studies. Both enhancements, CAD storage and the FHLQ boundary, are shown to be useful for water abstraction scenarios within karst aquifers. An idealized representation of a large-scale pumping test in a karst conduit is used to demonstrate that the enhanced CFPM1 is potentially able to adequately represent water abstraction processes in both the conduits and the matrix of real karst systems.

  6. The Role of Capital Structure in Company’s Financing

    Nicoleta BARBUTA-MISU


    Full Text Available The changes in capital structure and in financial components of a company have a particular importance in choosing optimal financing decision, in determining the impact of changes in capital structure and of elements within balance sheet. To quantify such an impact in the literature have been considered many factors as debt-equity ratio, profitability, self financing capacity and the ability to earn profit. Using the comparative method over a period of three years to five companies acting in the metallurgical sector in this paper has been analyzed the evolution of debt capacity ratio, return on equity ratio, financial long term debt ratio, interest coverage ratio and long-term financial autonomy ratio. Based on these findings it was concluded that the variation of capital structure and performance of the companies affects and influences funding arrangements considered by the companies’ managers.

  7. CFD modeling of ITER cable-in-conduit superconductors

    In the first paper of this series, we proposed a novel approach to help understand some of the complex processes occurring in dual-channel cable-in-conduit conductors (CICC) as used in the superconducting coils of the international thermonuclear experimental reactor (ITER): the constitutive relations including transport coefficients needed in input by standard global 1D tools for the analysis of thermal-hydraulic transients in ITER coils, e.g., the Mithrandir/M and M code, are derived from local 3D analysis. A first validation of the model was performed showing very good agreement with available experimental data from different applications. The same advanced computational fluid dynamics (CFD) tool, the FLUENT code, including sophisticated turbulence models, is used here to compute the pressure drop corresponding to an imposed mass flow rate in several geometries relevant for the central channel of the ITER CICC. The validation is extended to include more ITER-relevant conditions showing good accuracy with error bars on the friction factor ∼±15%. We then apply the validated model to the study of the expected dependencies of the pressure drop in the central channel of an ITER CICC on the size of the gap and on the diameter of the delimiting spiral

  8. Data Transfer via Alternative Conduits: Using Fluid Networks

    Charles Willow


    Full Text Available Digital convergence has reshaped a gamut of industry demographics in the 21C, comprised of cloud computing, healthcare, pharmaceutical, consumer supplies, government, defense, manufacturing, entertainment, and even on-line education, among many others. At the center of the web-convergence lies the problem of network bandwidth limitation. Traditionally, research has focused on two major resolution strategies in parallel: data compression to minimize the network traffic (i.e. algorithmic; software and alternative conduit for data transfer such as wireless (i.e. infrastructural; hardware.Building a network infrastructure is extremely costly. In addition, maintenance and upgrade costs may be prohibitive, given the U.S. consumer demographics. To this end, the emphasis is placed on seeking existing infrastructure which connects business and residential entities.The objective of this research, therefore, is to seek the possibility and feasibility of (digital data transfers via the extensive water and/or sewer network(s, while minimizing structural modifications to the existing infrastructure. To date, sonar has been proven to be effective. If successful, the value of this intellectual property may be immeasurable.

  9. Structure of a Bacterial Cell Surface Decaheme Electron Conduit

    Clarke, Thomas A.; Edwards, Marcus; Gates, Andrew J.; Hall, Andrea; White, Gaye; Bradley, Justin; Reardon, Catherine L.; Shi, Liang; Beliaev, Alex S.; Marshall, Matthew J.; Wang, Zheming; Watmough, Nicholas; Fredrickson, Jim K.; Zachara, John M.; Butt, Julea N.; Richardson, David J.


    Some bacterial species are able to utilize extracellular mineral forms of iron and manganese as respiratory electron acceptors. In Shewanella oneidensis this involves deca-heme cytochromes that are located on the bacterial cell surface at the termini of trans-outermembrane (OM) electron transfer conduits. The cell surface cytochromes can potentially play multiple roles in mediating electron transfer directly to insoluble electron sinks, catalyzing electron exchange with flavin electron shuttles or participating in extracellular inter-cytochrome electron exchange along ‘nanowire’ appendages. We present a 3.2 Å crystal structure of one of these deca-heme cytochromes, MtrF, that allows the spatial organization of the ten hemes to be visualized for the first time. The hemes are organized across four domains in a unique crossed conformation, in which a staggered 65 Å octa-heme chain transects the length of the protein and is bisected by a planar 45 Å tetra-heme chain that connects two extended Greek key split β-barrel domains. The structure provides molecular insight into how reduction of insoluble substrate (e.g. minerals), soluble substrates (e.g. flavins) and cytochrome redox partners might be possible in tandem at different termini of a trifurcated electron transport chain on the cell surface.

  10. A conduit dilation model of methane venting from lake sediments

    Scandella, B.P.; Varadharajan, C.; Hemond, Harold F.; Ruppel, C.; Juanes, R.


    Methane is a potent greenhouse gas, but its effects on Earth's climate remain poorly constrained, in part due to uncertainties in global methane fluxes to the atmosphere. An important source of atmospheric methane is the methane generated in organic-rich sediments underlying surface water bodies, including lakes, wetlands, and the ocean. The fraction of the methane that reaches the atmosphere depends critically on the mode and spatiotemporal characteristics of free-gas venting from the underlying sediments. Here we propose that methane transport in lake sediments is controlled by dynamic conduits, which dilate and release gas as the falling hydrostatic pressure reduces the effective stress below the tensile strength of the sediments. We test our model against a four-month record of hydrostatic load and methane flux in Upper Mystic Lake, Mass., USA, and show that it captures the complex episodicity of methane ebullition. Our quantitative conceptualization opens the door to integrated modeling of methane transport to constrain global methane release from lakes and other shallow-water, organic-rich sediment systems, and to assess its climate feedbacks.

  11. Quantum Game Theory in Finance

    Piotrowski, Edward W.; Jan Sladkowski


    This is a short review of the background and recent development in quantum game theory and its possible application in economics and finance. The intersection of science and society is also discussed. The review is addressed to non--specialists.

  12. Financing the nuclear fuel cycle

    While conventional power stations usually have fossil fuel reserves for only a few weeks, nuclear power stations, because of the relatively long time required for uranium processing from ore extraction to the delivery of the fuel elements and their prolonged in-pile time, require fuel reserves for a period of several years. Although the specific fuel costs of nuclear power stations are much lower than those of conventional power stations, this results in consistently higher financial requirements. But the problems involved in financing the nuclear fuel do not only include the aspect of financing the requirements of reactor operators, but also of financing the facilities of the nuclear fuel cycle. As far as the fuel supply is concerned, the true financial requirements greatly exceed the mere purchasing costs because the costs of financing are rather high as a consequence of the long lead times. (orig./UA)

  13. Major Issues in School Finance

    McLure, William P.


    Interprets the contemporary issues in school finance as functions of three phenomena: (1) Educational needs of individuals and society, (2) governance, and (3) ecological characteristics of the population. (DE)

  14. Issues in Financing the Superfund

    Brazell, David W.; Gerardi, Geraldine


    Discussion of Superfund financing sources and litigation costs, and review of design issues related to an insurer fee that would pay for proposed litigation reform. Benefits-received, ability-to-pay, and economic efficiency evaluations are included.

  15. Flambage vertical des conduites en souilles Vertical Buckling of Buried Pipes

    Bournazel C.


    Si l'apparition d'un flambage vertical des conduites rigides enfouies dans une tranche est un phnomne assez rare, il peut ne pas en tre de mme pour des conduites flexibles dont les proprits mcaniques sont de nature diffrente. Une tude thorique et exprimentale, ayant pour but de proposer une mthode analytique de calcul de l'apparition du flambage et de son volution sous l'effet de la pression interne, a t ralise. II apparat que les conduites flexibles actuelles sont trs sen...

  16. Obstruction of an ileal urinary conduit in an incarcerated right inguinal hernia.

    Young, M J; Weston, P M T


    We present the case of a 72-year-old man with a history of anuria from his ileal conduit 15 months following its formation. That conduit had become incarcerated in a right-sided ingunial hernia. The patient presented with anuria and an acute kidney injury. A clincal diagnosis of an incarcerated hernia was made, and he was taken to theatre for reduction and repair of the hernia. On removal of the conduit from the hernial sac, it began to drain immediately. He made a full recovery, with normalisation of his renal function. PMID:26491738

  17. The epistemology of modern finance

    De Scheemaekere, Xavier


    Modern finance is a social science where the complexity of mathematical models compares to that of physics. The aim of this paper is to provide a conceptual framework for the interpretation of mathematical models in finance, in order to determine the epistemological standards according to which financial theory must be assessed. The analysis enlightens the contrast between highly objective results and the radical uncertainty that governs the markets. The main contribution of the paper is to s...

  18. Overvalued equity and financing decisions

    DONG Ming; Hirshleifer, David; Teoh, Siew Hong


    We test whether and how equity overvaluation affects corporate financing decisions using an ex ante misvaluation measure that filters firm scale and growth prospects from market price. We find that equity issuance and total financing increase with equity overvaluation; but only among overvalued stocks; and that equity issuance is more sensitive than debt issuance to misvaluation. Consistent with managers catering to maintain overvaluation and with investment scale economy effects, the sensiti...

  19. Development assistance and climate finance

    Arndt, Channing


    The distinction between development assistance and climate finance is driven by an optic of compensation largely derived from the 'polluter pays' principle. For practical as well as conceptual reasons, this principle provides a weak basis for climate finance. The distinction also cuts against the need to holistically consider developmental, adaptation, and mitigation policies and naturally focuses on government-to-government flows despite the manifest need to catalyse non-official sources of ...

  20. Vertical Integration and Supplier Finance

    Kersting, Erasmus; Görg, Holger


    We investigate the financial implications of a multinational firm's choice between outsourcing and integration from the perspective of the supplier. Using a simple model, we explore the extent to which an integrated supplier's access to finance, as well as its sources of funding, change relative to a firm supplying a multinational at arm's-length. The model predicts that integrated firms have better access to finance and cover a larger share of their costs using internal funds. Furthermore, i...

  1. Survey of finance companies, 1996

    James D. August; Michael R. Grupe; Charles Luckett; Samuel M. Slowinski


    Finance companies are major suppliers of credit to consumers and businesses. The sector is made up of roughly 1,250 nondepository financial institutions, with 20 firms accounting for three-fourths of the receivables. The Federal Reserve System has been surveying the assets and liabilities of finance companies, typically at five-year intervals, since June 1955. This article summarizes the results of the 1996 survey. Special features of that survey are a breakdown of automobile leases into cons...

  2. Accounting Treatments For Financing Entities



    One of the most important aspects of an entity is, without doubt, how to finance it, this being an ongoing concern of managers, particularly seeking the cost reduction of the borrowed capital and the increase of the financial profitability instalment. Accessing irredeemable funds is a reality of the recent years. Increasingly more companies are looking to these funds to achieve some development objectives. A thorough analysis of the financing possibilities (subsidy) is important for any entit...


    Balomenou, Chryssanthi; Arsenos, Panagyiotis; Lagos, Dimitris


    The main purpose of our paper is to examine the financing framework of the Greek tourist enterprises. More specifically, in the first part of this paper we analyze the sector of the Greek tourism market in order to be able to define its operational framework. Then, we examine the structural problems of the sector and analyze the relevant Institutional financing framework. In the second part we work out a critical assessment of the tourist enterprises existing financial framework, focussing on...

  4. Financing innovation in renewable energy

    O'Donovan, Cian


    Global new investment in green energy technologies hit $329 billion in 2015 says Bloomberg New Energy Finance. That’s a good thing right? Well, not necessarily. Knowledge is always partial, and despite impressive breadth of data gathering, some fundamentals remain unclear. That’s where Mariana Mazzucato and Gregor Semieniuk came in, organising a special workshop on Financing Innovation in Renewable Energy hosted by Bloomberg NEF which asked, who is doing what, where and when? This short blog ...

  5. Economic implications from deficit finance

    Gaber, Stevan


    The paper enlightens popular part of the budget policy – deficit finance. In the process of securing economic conditions to surpass the current economic crises, the governments all over the world incline towards debt deficit finance. The intention is to describe the implications such as multiplier effect, crowding out effect, correlation between budget and trade deficit. One of them are positive, they increase the aggregate demand and national income, other negative in term tha...

  6. Financing Property's Contribution to Regeneration

    Alastair Adair; Jim Berry; Stanley McGreal


    Attracting investment and finance into inner-city and other renewal areas poses particular difficulties and is frequently reliant on strong public-sector commitment through special incentives or other mechanisms to provide the conditions to lever private-sector activity. This paper initially links the concept of market failure and the rationale for regeneration and examines policy responses from UK, European and US perspectives, followed by a consideration of public- and private-sector financ...

  7. Project finance for alternative energy

    This paper is intended to provide general advice to sponsors of renewable energy projects who expect to raise project-based financing from commercial banks to fund the development of their projects. It will set out, for the benefit of such sponsors, how bankers typically approach the analysis of these undertakings and in particular the risk areas on which they concentrate. By doing so it should assist sponsors to maximise their prospects of raising bank finance. (author)

  8. Corporate Finance and Comparative Advantage

    Keuschnigg, Christian; Egger, Peter


    Since innovative firms are often financially constrained, access to external funds is important for the expansion of innovative industries. This paper reports four important results. First, comparative advantage is shaped by factor endowments as well as fundamental determinants of corporate finance. In particular, a larger equity ratio of firms and tough governance standards relax finance constraints and create a comparative advantage in innovative industries. Second, factor price equalizatio...

  9. 12 CFR 226.4 - Finance charge.


    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Finance charge. 226.4 Section 226.4 Banks and... LENDING (REGULATION Z) General § 226.4 Finance charge. (a) Definition. The finance charge is the cost of...) Charges by third parties. The finance charge includes fees and amounts charged by someone other than...

  10. 48 CFR 32.109 - Termination financing.


    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Termination financing. 32... CONTRACTING REQUIREMENTS CONTRACT FINANCING Non-Commercial Item Purchase Financing 32.109 Termination financing. To encourage contractors to invest their own funds in performance despite the susceptibility...

  11. 24 CFR 882.405 - Financing.


    ... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Financing. 882.405 Section 882.405... § 882.405 Financing. (a) Types. Any type of public or private financing may be utilized with the... Contract as security for financing. An Owner may pledge, or offer as security for any loan or...

  12. 13 CFR 120.476 - Prohibited financing.


    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Prohibited financing. 120.476... Business Lending Companies (sblc) § 120.476 Prohibited financing. An SBLC may not make a loan to a small business that has received financing (or a commitment for financing) from an SBIC that is an Associate...

  13. 48 CFR 12.210 - Contract financing.


    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Contract financing. 12.210... financing. Customary market practice for some commercial items may include buyer contract financing. The contracting officer may offer Government financing in accordance with the policies and procedures in part 32....

  14. SABER-School Finance : Data Collection Instrument

    World Bank


    The aim of the SABER-school finance initiative is to collect, analyze and disseminate comparable data about education finance systems across countries. SABER-school finance assesses education finance systems along six policy goals: (i) ensuring basic conditions for learning; (ii) monitoring learning conditions and outcomes; (iii) overseeing service delivery; (iv) budgeting with adequate an...

  15. An Ecological View of Living Arrangements.

    Lawton, M. Powell


    Examines living arrangements as both an outcome of previous lifestyle, and as an antecedent for other events. Findings indicate that despite their much lower incomes, not-presently-married women live in housing of considerably higher quality than do men in comparable marital statuses and living arrangements. (Author)

  16. Governance Arrangements for State Owned Enterprises



    The aim of this paper is to shed new light on key challenges in governance arrangements for state owned enterprises in infrastructure sectors. The paper provides guidelines on how to classify the fuzzy and sometimes conflicting development goals of infrastructure and the governance arrangements needed to reach such goals. Three policy recommendations emerge. First, some of the structures i...

  17. 78 FR 40131 - Proposed Subsequent Arrangement


    ... authority of section 131a. of the Atomic Energy Act of 1954, as amended. The Department is providing notice... the European Atomic Energy Community. DATES: This subsequent arrangement will take effect no sooner... Atomic Energy Act of 1954, as amended, it has been determined that this subsequent arrangement...

  18. 78 FR 40132 - Proposed Subsequent Arrangement


    ... authority of section 131a. of the Atomic Energy Act of 1954, as amended. The Department is providing notice... the European Atomic Energy Community. DATES: This subsequent arrangement will take effect no sooner... Atomic Energy Act of 1954, as amended, it has been determined that this subsequent arrangement...

  19. The fundamental group of complex hyperplanes arrangements

    In this paper we suggest a new method to compute the fundamental group of the complemented of any complex hyperplanes arrangements. Our computation is based on a construction called labyrinth of an arrangement of complex lines. The method can be generalized for the case of an arbitrary affine curve. (author). 9 refs, 3 figs

  20. The financing of nuclear power plants

    Existing nuclear generating capacity plays an important role in providing secure, economic and low-carbon electricity supplies in many OECD countries. At the same time, there is increasing recognition that an expansion of nuclear power could play a valuable role in reducing future carbon dioxide emissions. However, in recent years only a handful of new nuclear power plants (NPPs) have been built in just a few OECD countries. An important reason for this is the challenges associated with financing the construction of new NPPs. The just-published NEA report entitled The Financing of Nuclear Power Plants examines these challenges. In addition, recognizing that any expansion of nuclear power programmes will require strong and sustained government support, the report highlights the role of governments in facilitating and encouraging investment in new nuclear capacity. Key actions that should be considered by governments that wish to see investment in new NPPs include: - Provide clear and sustained policy support for the development of nuclear power, by setting out the case for a nuclear component in energy supply as part of a long-term national energy strategy. - Work with electricity utilities, financial companies and other potential investors, and the nuclear industry from an early stage to address concerns that may prevent nuclear investment and to avoid mistakes in establishing the parameters for new NPPs. - Establish an efficient and effective regulatory system which provides adequate opportunities for public involvement in the decision-making process, while also providing potential investors with the certainty they require to plan such a major investment. - Put arrangements in place for the management of radioactive waste and spent fuel, and show progress towards a solution for final disposal of waste. For investors in NPPs, the financial arrangements for paying their fair share of the costs must be clearly defined. - Ensure that electricity market regulation does not disadvantage NPPs. Long-term arrangements may be necessary to provide certainty for investors in NPPs, reflecting the long-term nature of nuclear power projects. Where reducing CO2 emissions is to act as an incentive for investments in nuclear power, the government may need to provide some guarantees that policy measures will keep carbon prices at sufficiently high levels. In countries where there are large utilities with the financial strength to invest directly in new NPPs, or where there are well-resourced foreign utilities willing to make such investments, fully commercial financing may be possible. However, in other cases it may prove impossible for a nuclear power plant project to go ahead without direct or indirect public sector financial support, which would reduce the investment risks to acceptable levels. Public sector financial support could involve supporting a state-owned utility in making nuclear power plant investments, providing support to private sector utilities through loan guarantees, tax credits or other measures, or establishing public-private partnerships. However, governments should ensure that, overall, investment risk remains appropriately shared with the private sector

  1. Cooling arrangement for a tapered turbine blade

    Liang, George (Palm City, FL)


    A cooling arrangement (11) for a highly tapered gas turbine blade (10). The cooling arrangement (11) includes a pair of parallel triple-pass serpentine cooling circuits (80,82) formed in an inner radial portion (50) of the blade, and a respective pair of single radial channel cooling circuits (84,86) formed in an outer radial portion (52) of the blade (10), with each single radial channel receiving the cooling fluid discharged from a respective one of the triple-pass serpentine cooling circuit. The cooling arrangement advantageously provides a higher degree of cooling to the most highly stressed radially inner portion of the blade, while providing a lower degree of cooling to the less highly stressed radially outer portion of the blade. The cooling arrangement can be implemented with known casting techniques, thereby facilitating its use on highly tapered, highly twisted Row 4 industrial gas turbine blades that could not be cooled with prior art cooling arrangements.

  2. MRI of the heart following implantation of a left ventricular apico-aortic conduit; Kernspintomografie zur umfassenden Untersuchung des Herzens nach Implantation von linksventrikulaeren apikoaortalen Conduits

    Ruhl, K.M.; Katoh, M.; Guenther, R.W.; Krombach, G.A. [Technische Hochschule Aachen (Germany). Klinik fuer Radiologische Diagnostik; Langebartels, G.; Autschbach, R. [Technische Hochschule Aachen (Germany). Klinik fuer Thorax-, Herz- und Gefaesschirurgie


    Purpose: To investigate the potential of ECG-triggered MRI for the evaluation of postoperative anatomy and function of the heart and conduit following implantation of a left-ventricular apico-aortic conduit. Materials and Methods: 5 patients (2 female, 3 male, mean age 72.5 years) were examined using a 1.5 Tesla whole-body MRI (Gyroscan Intera, Philips Medical Systems, Best, The Netherlands) following apico-aortic conduit surgery due to severe aortic valve stenosis. The reason for performing conduit implantation instead of aortic valve replacement was the risk of injuring a bypass graft from prior coronary artery bypass surgery. Cine steady-state-free-precession (SSFP) sequences were used to assess ventricular function, navigator-gated 3D-SSFP and breath-hold, time-resolved contrast-enhanced MR angiography was used to display the postoperative anatomy, and 2D-gradient echo sequences with an inversion pulse to suppress the signal of the healthy myocardium were used to evaluate potential myocardial scarring. Flow sensitive gradient echo sequences were performed to determine the blood flow in the conduit. Results: In all patients the apico-aortic conduit proved to be open with a maximum flow velocity of 126 (+ 43) cm/s. The postoperative anatomy was able to be evaluated in all patients and perioperative myocardial infarction was able to be ruled out. The mean ejection fraction of the left ventricle was 44.2 + 6.2 % with a mean volume of 80 + 20.6 ml per heart beat. (orig.)

  3. The Financing Challenges of Startups in China

    Zhang, Chong; Luyue ZHANG


    This research aims to investigate the challenges of financing startups in China. This paper is intent to explore the main difficulties faced by startups in China, and discuss the financing resources of startups in China. In literature review, it evaluates the challenges of Chinese financing startups from three perspectives, namely financing difficulties of Chinese small and medium sized enterprises (SMEs), the plight of venture capital (VC) in China and the financing difficulties of Chinese g...

  4. Financing energy projects: experience of the International Finance Corporation

    This paper provides an overview of the recent trend towards private ownership and financing of power projects in the developing countries, focusing on the role played by both private and public agencies in meeting the large financing challenges. The paper draws upon the operational experience of the International Finance Corporation, which has been involved in the financing of more than 30 private power projects in the developing countries over the past three decades. Among the issues that affect implementation of private power projects is the balancing of risk and reward to equity investors and to commercial lenders. The paper discusses the principal sources of risk and the strategies used to manage them. A related issue is the competition for capital on the international markets, and the techniques that are being devised to bring more finance to the power sector. Finally, the paper considers the role of government in bringing private investors to the power sector, and the approaches being adopted to balance the needs of investors with the needs of the public. (author)

  5. In vivo visualization of microneedle conduits in human skin using laser scanning microscopy

    Solid microneedles enhance the penetration of drugs into the viable skin but little is known about the geometry of the conduits in vivo. Therefore, laser scanning microscopy was used to visualize the conduits of a microneedle system with needles at a length of 300 ?m in 6 healthy subjects over a period of time. The model drug, a fluorescent dye was applied before and after piercing. Laser scanning microscopy was evaluated as being an excellent method to monitor the geometry and closure of the conduits over time. The used microneedle system was evaluated as suitable to enhance the transport of model drugs into the viable epidermis without bleeding and a short closure time of the conduits at the skin surface

  6. Conduit Magma Storage during the 800 BP Quilotoa Eruption, Ecuador

    Ort, M. H.; Cashman, K. V.; Di Muro, A.; Best, J. A.; Rosi, M.; Mothes, P. A.; Bustillos, J.


    The 800 BP eruption of Quilotoa produced two large ignimbrites, U1 (~5.8 km3 DRE) and U3 (~1.8 km3 DRE). These eruptions were separated by a series of much smaller eruptions over one to several weeks, as inferred from 1) the intercalation of secondary pyroclastic and debris flow deposits between U1 and U3, 2) deposits from phreatic explosions from the U1 ignimbrite surface, 3) oxidation of the upper 2 m of U1, and 4) a lack of erosion of the U1 surface. Why did the main phase of the eruption (U1) stall when eruptable magma was available? How did explosive activity stop and restart? We address these questions by examining deposits (U2) emplaced during the 'hiatus' that provide information on the conditions in the conduit and vent area between explosive episodes. The lowest sub-unit, U2a, forms a series of pumiceous surge deposits found only within 5 km of the crater rim. U2b is a vitric-poor, crystal- and lithic-rich fall deposit distributed to about 15 km from the crater. U2c is a thin gray fine ash containing 2-5-mm-diameter rhyolite lapilli that is present within 6 km of the vent. Similar lapilli also occur in the lowermost few centimeters of U3 and appear to be from a dome that exploded as the new magma arrived at the surface; their presence as small ballistic fragments ties U2c to lowermost U3 in time. U2a appears to have been emplaced by episodic surges and weak fallout plumes, whereas U2b and U2c were deposited from a series of sustained eruption columns. Moreover, the lack of U2b grain-size variation with distance suggests that the grain size was determined at the vent, not by transport. FTIR analysis of CO2 and H2O in melt inclusions (MIs) indicates that a deep magma chamber (>400 MPa; ~12 km) fed U1. U2a and U2b MIs plot along vapor isopleths, suggesting equilibration at pressures to about 300 MPa as CO2 outgassed. U2b MIs have lower CO2 than U2a, perhaps indicating continued degassing during the 'hiatus'. MIs from the lower few centimeters of U3 lie along a ~130 MPa isobar, suggesting shallow magma storage during the hiatus. Using these data, we hypothesize that the eruption of U1 ended when conduit constriction above 4 km choked the ascent of magma. Continued open-system degassing of the magma column produced the U2 MI compositions and led to milling and acid etching of the crystal-rich material, eliminating much of the glass. Periodic explosions during dome formation produced U2a. Continued magma ascent caused increased gas emissions that ejected U2b as a continuous column. As the U3 magma reached the surface, it blew out the dome prior to eruption of new deeper magma. The high pressures in MIs in plagioclase crystals in U1 and lack of any evidence for mafic magma supply imply the shallow dacitic system is fed by evolved magmas that differentiated at high pressure.

  7. The Himalayas: barrier and conduit for gene flow.

    Gayden, Tenzin; Perez, Annabel; Persad, Patrice J; Bukhari, Areej; Chennakrishnaiah, Shilpa; Simms, Tanya; Maloney, Trisha; Rodriguez, Kristina; Herrera, Rene J


    The Himalayan mountain range is strategically located at the crossroads of the major cultural centers in Asia, the Middle East and Europe. Although previous Y-chromosome studies indicate that the Himalayas served as a natural barrier for gene flow from the south to the Tibetan plateau, this region is believed to have played an important role as a corridor for human migrations between East and West Eurasia along the ancient Silk Road. To evaluate the effects of the Himalayan mountain range in shaping the maternal lineages of populations residing on either side of the cordillera, we analyzed mitochondrial DNA variation in 344 samples from three Nepalese collections (Newar, Kathmandu and Tamang) and a general population of Tibet. Our results revealed a predominantly East Asian-specific component in Tibet and Tamang, whereas Newar and Kathmandu are both characterized by a combination of East and South Central Asian lineages. Interestingly, Newar and Kathmandu harbor several deep-rooted Indian lineages, including M2, R5, and U2, whose coalescent times from this study (U2, >40 kya) and previous reports (M2 and R5, >50 kya) suggest that Nepal was inhabited during the initial peopling of South Central Asia. Comparisons with our previous Y-chromosome data indicate sex-biased migrations in Tamang and a founder effect and/or genetic drift in Tamang and Newar. Altogether, our results confirm that while the Himalayas acted as a geographic barrier for human movement from the Indian subcontinent to the Tibetan highland, it also served as a conduit for gene flow between Central and East Asia. PMID:23580401

  8. Pressure drop characteristic in a cable-in-conduit conductor

    A cable-in-conduit conductor (CICC) is the best candidate to satisfy requirement for a superconducting magnet to be employed in a fusion machine, such as a large operating current, high magnetic field, high breakdown voltage and so on. The present drop of the conductor is a key factor in design of a cryogenic pump to be used in a magnet system in the fusion machine. Also, pressure rise at a coil quench depends on the pressure drop characteristic of the conductor. Several workers investigated the pressure drop characteristic of CICCs. Katheder attempted to derive general correlation of the pressure drop characteristic basis on the correlation used for pebble beds. He compared his correlation with the measurements for the eight different CICCs. However, there is a large error of 75% in the maximum. It seems general formula of the pressure drop characteristic of CICC has not been provided. The authors investigate the pressure drop characteristic of 30 kA, 80 m cooling path length CICCs, whose dimension is almost same as the conductor to be employed in the fusion machine. The result indicates correlation between the Reynolds number and the friction factor of CICCs obeys the conventional formula for a smooth tube, Hagen-Poesuilli formula, in laminar flow region but does not agree with the conventional formula for a smooth tube, Blasius formula, in turbulent flow region. The experimental result is compared with Katheder's correlation. Katheder's correlation does not show good agreement with the experimental result in the turbulent flow region. The correlation that the friction factor is inversely proportional to 0.157 power of the Reynolds number and the proportional constant is 0.257 coincides better with the experimental result in this region. (author)

  9. Can one identify karst conduit networks geometry and properties from hydraulic and tracer test data?

    Borghi, Andrea; Renard, Philippe; Cornaton, Fabien


    Karst aquifers are characterized by extreme heterogeneity due to the presence of karst conduits embedded in a fractured matrix having a much lower hydraulic conductivity. The resulting contrast in the physical properties of the system implies that the system reacts very rapidly to some changes in the boundary conditions and that numerical models are extremely sensitive to small modifications in properties or positions of the conduits. Furthermore, one major issue in all those models is that the location and size of the conduits is generally unknown. For all those reasons, estimating karst network geometry and their properties by solving an inverse problem is a particularly difficult problem. In this paper, two numerical experiments are described. In the first one, 18,000 flow and transport simulations have been computed and used in a systematic manner to assess statistically if one can retrieve the parameters of a model (geometry and radius of the conduits, hydraulic conductivity of the conduits) from head and tracer data. When two tracer test data sets are available, the solution of the inverse problems indicate with high certainty that there are indeed two conduits and not more. The radius of the conduits are usually well identified but not the properties of the matrix. If more conduits are present in the system, but only two tracer test data sets are available, the inverse problem is still able to identify the true solution as the most probable but it also indicates that the data are insufficient to conclude with high certainty. In the second experiment, a more complex model (including non linear flow equations in conduits) is considered. In this example, gradient-based optimization techniques are proved to be efficient for estimating the radius of the conduits and the hydraulic conductivity of the matrix in a promising and efficient manner. These results suggest that, despite the numerical difficulties, inverse methods should be used to constrain numerical models of karstic systems using flow and transport data. They also suggest that a pragmatic approach for these complex systems could be to generate a large set of karst conduit network realizations using a pseudo-genetic approach such as SKS, and for each karst realization, flow and transport parameters could be optimized using a gradient-based search such as the one implemented in PEST.

  10. Effects of dynamically variable saturation and matrix-conduit coupling of flow in karst aquifers

    Reimann, T.; Geyer, T.; Shoemaker, W.B.; Liedl, R.; Sauter, M.


    Well-developed karst aquifers consist of highly conductive conduits and a relatively low permeability fractured and/or porous rock matrix and therefore behave as a dual-hydraulic system. Groundwater flow within highly permeable strata is rapid and transient and depends on local flow conditions, i.e., pressurized or nonpressurized flow. The characterization of karst aquifers is a necessary and challenging task because information about hydraulic and spatial conduit properties is poorly defined or unknown. To investigate karst aquifers, hydraulic stresses such as large recharge events can be simulated with hybrid (coupled discrete continuum) models. Since existing hybrid models are simplifications of the system dynamics, a new karst model (ModBraC) is presented that accounts for unsteady and nonuniform discrete flow in variably saturated conduits employing the Saint-Venant equations. Model performance tests indicate that ModBraC is able to simulate (1) unsteady and nonuniform flow in variably filled conduits, (2) draining and refilling of conduits with stable transition between free-surface and pressurized flow and correct storage representation, (3) water exchange between matrix and variably filled conduits, and (4) discharge routing through branched and intermeshed conduit networks. Subsequently, ModBraC is applied to an idealized catchment to investigate the significance of free-surface flow representation. A parameter study is conducted with two different initial conditions: (1) pressurized flow and (2) free-surface flow. If free-surface flow prevails, the systems is characterized by (1) a time lag for signal transmission, (2) a typical spring discharge pattern representing the transition from pressurized to free-surface flow, and (3) a reduced conduit-matrix interaction during free-surface flow. Copyright 2011 by the American Geophysical Union.

  11. Poly(lactic-co-glycolic acid) conduit for repair of injured sciatic nerve: A mechanical analysis

    Tao YU; ZHAO, CHANGFU; Li, Peng; Liu, Guangyao; Luo, Min


    Tensile stress and tensile strain directly affect the quality of nerve regeneration after bridging nerve defects by poly(lactic-co-glycolic acid) conduit transplantation and autogenous nerve grafting for sciatic nerve injury. This study collected the sciatic nerve from the gluteus maximus muscle from fresh human cadaver, and established 10-mm-long sciatic nerve injury models by removing the ischium, following which poly(lactic-co-glycolic acid) conduits or autogenous nerve grafts were transpl...

  12. Effects of the conduit geometry on the air flow field in the spunbonding process

    Wu Li-Li


    Full Text Available In the spunbonding process, the air flow field of the drawing conduit affects the polymer drawing and therefore the filament diameter greatly. Effects of the conduit parameters on the air flow field are studied using the previously established air flow field model. The results show that longer narrow section, longer contracting section and larger height of narrow entry are of benefit to increasing the air velocity, thus helpful for decreasing the filament diameter.

  13. Study on the air flow field of the drawing conduit in the spunbonding process

    Wu Li-Li


    Full Text Available The air flow field of the drawing conduit in the spunbonding process has a great effect on the polymer drawing, the filament diameter and orientation. A numerical simulation of the process is carried out, and the results are compared with the experimental data, showing good accuracy of the numerical prediction. This research lays an important foundation for the optimal design of the drawing conduit in the spunbonding process.

  14. Numerical simulation of explosive volcanic eruptions from the conduit flow to global atmospheric scales

    Textor, C.; Laboratoire des Sciences du Climat et de l' Environnement, CEA-CNRS, Gif-sur-Yvette, France; Graf, H.; Max-Planck-Institut fr Meteorologie, Hamburg, Germany; Longo, A.; Istituto Nazionale di Geofisica e Vulcanologia, Sezione Pisa, Pisa, Italia; Neri, A.; Istituto Nazionale di Geofisica e Vulcanologia, Centro per la Modellistica Fisica e Pericolosita` dei Processi Vulcanici; Ongaro, T. E.; Istituto Nazionale di Geofisica e Vulcanologia, Sezione Pisa, Pisa, Italia; Papale, P; Istituto Nazionale di Geofisica e Vulcanologia, Sezione Pisa, Pisa, Italia; Timmreck, C.; Max-Planck-Institut fr Meteorologie, Hamburg, Germany; Ernst, G. G. J.; Centre for Environmental and Geophysical Flows, Department of Earth Sciences, University of Bristol, U.K.


    Volcanic eruptions are unsteady multiphase phenomena, which encompass many inter-related processes across the whole range of scales from molecular and microscopic to macroscopic, synoptic and global. We provide an overview of recent advances in numerical modelling of volcanic effects, from conduit and eruption column processes to those on the Earth s climate. Conduit flow models examine ascent dynamics and multiphase processes like fragmentation, chemical reactions and mass transf...

  15. Bone Marrow Mesenchymal Stem Cell and Vein Conduit on Sciatic Nerve Repair in Rats

    Seyed Foroutan, Kamal; Khodarahmi, Ali; Alavi, Hootan; Pedram, Sepehr; Baghaban Eslaminejad, Mohamad Reza; Bordbar, Sima


    Background: Peripheral nerve repair with sufficient functional recovery is an important issue in reconstructive surgery. Stem cells have attracted extensive research interest in recent years. Objectives: The purpose of this study was to compare the vein conduit technique, with and without the addition of mesenchymal stem cells in gap-less nerve injury repair in rats. Materials and Methods: In this study, 36 Wistar rats were randomly allocated to three groups: In the first group, nerve repair was performed with simple neurorrhaphy (control group), in the second group, nerve repair was done with vein conduit over site (vein conduit group) and in the third group, bone marrow stem cells were instilled into the vein conduit (stem cell group) after nerve repair with vein conduit over site. Six weeks after the intervention, the sciatic function index, electrophysiological study and histological examination were performed. Results: All animals tolerated the surgical procedures and survived well. The sciatic function index and latency were significantly improved in the vein conduit (P = 0.04 and 0.03, respectively) and stem cell group (P = 0.02 and 0.03, respectively) compared with the control group. No significant difference was observed in sciatic function and latency between the vein conduit and stem-cell groups. Moreover, histological analysis showed no significant difference in regenerative density between these two groups. Conclusions: The results of this study showed that the meticulous microsurgical nerve repair, which was performed using the vein tubulization induced significantly better sciatic nerve regeneration. However, the addition of bone marrow mesenchymal stem cell to vein conduit failed to promote any significant changes in regeneration outcome. PMID:25825699

  16. The international Finance Corporation and financing of sustainable energy

    The International Finance Corporation (IFC), a member of the World Bank Group, is the largest multilateral source of loan and equity financing for private sector projects in the developing world. IFC participates in an investment only when it can make a special contribution that complements the role of market operators. Since its founding 40 years ago, IFC has provided more than $18.8 billion in financing for 1,706 companies in developing countries. Its share capital is provided by its 170 member countries, which collectively determine its policies and activities. Strong shareholder support and a substantial paid-in capital base have allowed IFC to raise funds for its lending activities through its triple-A rated bond issues in international financial markets. (orig.)

  17. MR and CT imaging of pulmonary valved conduits in children and adolescents: normal appearance and complications

    Tenisch, Estelle V.; Alamo, Leonor T.; Gudinchet, Francois [Lausanne University Hospital, Department of Medical Imaging, Lausanne (Switzerland); Sekarski, Nicole [Lausanne University Hospital, Department of Pediatrics, Lausanne (Switzerland); Hurni, Michel [Lausanne University Hospital, Department of Cardiovascular Surgery, Lausanne (Switzerland)


    The Contegra registered is a conduit made from the bovine jugular vein and then interposed between the right ventricle and the pulmonary artery. It is used for cardiac malformations in the reconstruction of right ventricular outflow tract. To describe both normal and pathological appearances of the Contegra registered in radiological imaging, to describe imaging of complications and to define the role of CT and MRI in postoperative follow-up. Forty-three examinations of 24 patients (17 boys and 7 girls; mean age: 10.8 years old) with Contegra registered conduits were reviewed. Anatomical description and measurements of the conduits were performed. Pathological items examined included stenosis, dilatation, plicature or twist, thrombus or vegetations, calcifications and valvular regurgitation. Findings were correlated to the echographic gradient through the conduit when available. CT and MR work-up showed Contegra registered stenosis (n = 12), dilatation (n = 9) and plicature or twist (n = 7). CT displayed thrombus or vegetations in the Contegra registered in three clinically infected patients. Calcifications of the conduit were present at CT in 12 patients and valvular regurgitation in three patients. The comparison between CT and/or MR results showed a good correlation between the echographic gradient and the presence of stenosis in the Contegra registered. CT and MR bring additional information about permeability and postoperative anatomy especially when echocardiography is inconclusive. Both techniques depict the normal appearance of the conduit, and allow comparison and precise evaluation of changes in the postoperative follow-up. (orig.)

  18. MR and CT imaging of pulmonary valved conduits in children and adolescents: normal appearance and complications

    The Contegra registered is a conduit made from the bovine jugular vein and then interposed between the right ventricle and the pulmonary artery. It is used for cardiac malformations in the reconstruction of right ventricular outflow tract. To describe both normal and pathological appearances of the Contegra registered in radiological imaging, to describe imaging of complications and to define the role of CT and MRI in postoperative follow-up. Forty-three examinations of 24 patients (17 boys and 7 girls; mean age: 10.8 years old) with Contegra registered conduits were reviewed. Anatomical description and measurements of the conduits were performed. Pathological items examined included stenosis, dilatation, plicature or twist, thrombus or vegetations, calcifications and valvular regurgitation. Findings were correlated to the echographic gradient through the conduit when available. CT and MR work-up showed Contegra registered stenosis (n = 12), dilatation (n = 9) and plicature or twist (n = 7). CT displayed thrombus or vegetations in the Contegra registered in three clinically infected patients. Calcifications of the conduit were present at CT in 12 patients and valvular regurgitation in three patients. The comparison between CT and/or MR results showed a good correlation between the echographic gradient and the presence of stenosis in the Contegra registered. CT and MR bring additional information about permeability and postoperative anatomy especially when echocardiography is inconclusive. Both techniques depict the normal appearance of the conduit, and allow comparison and precise evaluation of changes in the postoperative follow-up. (orig.)

  19. In vitro evaluation of carbon-nanotube-reinforced bioprintable vascular conduits

    Dolati, Farzaneh; Yu, Yin; Zhang, Yahui; De Jesus, Aribet M.; Sander, Edward A.; Ozbolat, Ibrahim T.


    Vascularization of thick engineered tissue and organ constructs like the heart, liver, pancreas or kidney remains a major challenge in tissue engineering. Vascularization is needed to supply oxygen and nutrients and remove waste in living tissues and organs through a network that should possess high perfusion ability and significant mechanical strength and elasticity. In this paper, we introduce a fabrication process to print vascular conduits directly, where conduits were reinforced with carbon nanotubes (CNTs) to enhance their mechanical properties and bioprintability. In vitro evaluation of printed conduits encapsulated in human coronary artery smooth muscle cells was performed to characterize the effects of CNT reinforcement on the mechanical, perfusion and biological performance of the conduits. Perfusion and permeability, cell viability, extracellular matrix formation and tissue histology were assessed and discussed, and it was concluded that CNT-reinforced vascular conduits provided a foundation for mechanically appealing constructs where CNTs could be replaced with natural protein nanofibers for further integration of these conduits in large-scale tissue fabrication.

  20. A nerve guidance conduit with topographical and biochemical cues: potential application using human neural stem cells

    Jenkins, Phillip M.; Laughter, Melissa R.; Lee, David J.; Lee, Young M.; Freed, Curt R.; Park, Daewon


    Despite major advances in the pathophysiological understanding of peripheral nerve damage, the treatment of nerve injuries still remains an unmet medical need. Nerve guidance conduits present a promising treatment option by providing a growth-permissive environment that 1) promotes neuronal cell survival and axon growth and 2) directs axonal extension. To this end, we designed an electrospun nerve guidance conduit using a blend of polyurea and poly-caprolactone with both biochemical and topographical cues. Biochemical cues were integrated into the conduit by functionalizing the polyurea with RGD to improve cell attachment. Topographical cues that resemble natural nerve tissue were incorporated by introducing intraluminal microchannels aligned with nanofibers. We determined that electrospinning the polymer solution across a two electrode system with dissolvable sucrose fibers produced a polymer conduit with the appropriate biomimetic properties. Human neural stem cells were cultured on the conduit to evaluate its ability to promote neuronal growth and axonal extension. The nerve guidance conduit was shown to enhance cell survival, migration, and guide neurite extension.

  1. Arrangements of curves and algebraic surfaces

    Urzua, Giancarlo


    We show a close relation between Chern and logarithmic Chern numbers of complex algebraic surfaces. The method is a "random" p-th root cover which exploits a large scale behavior of Dedekind sums and continued fractions. We use this to construct smooth projective surfaces with Chern ratio arbitrarily close to the logarithmic Chern ratio of a given arrangement of curves. For certain arrangements, this method allows us to control the irregularity and/or the topological fundamental group of the new surfaces. For example, we show how to obtain simply connected projective surfaces, which come from the dual Hesse arrangement, with Chern ratio arbitrarily close to 8/3.

  2. Exchange rate arrangements: From extreme to "normal"

    Beker Emilija


    Full Text Available The paper studies theoretical and empirical location dispersion of exchange rate arrangements - rigid-intermediate-flexible regimes, in the context of extreme arrangements of a currency board, dollarization and monetary union moderate characteristics of intermediate arrangements (adjustable pegs crawling pegs and target zones and imperative-process "normalization" in the form of a managed or clean floating system. It is established that de iure and de facto classifications generate "fear of floating" and "fear of pegging". The "impossible trinity" under the conditions of capital liberalization and globalization creates a bipolar view or hypothesis of vanishing intermediate exchange rate regimes.

  3. A polymer foam conduit seeded with Schwann cells promotes guided peripheral nerve regeneration.

    Hadlock, T; Sundback, C; Hunter, D; Cheney, M; Vacanti, J P


    Alternatives to autografts have long been sought for use in bridging neural gaps. Many entubulation materials have been studied, although with generally disappointing results in comparison with autografts. The purpose of this study was to design a more effective neural guidance conduit, to introduce Schwann cells into the conduit, and to determine regenerative capability through it in an in vivo model. A novel, fully biodegradable polymer conduit was designed and fabricated for use in peripheral nerve repair, which approximates the macro- and microarchitecture of native peripheral nerves. It comprised a series of longitudinally aligned channels, with diameters ranging from 60 to 550 microns. The lumenal surfaces promoted the adherence of Schwann cells, whose presence is known to play a key role in nerve regeneration. This unique channel architecture increased the surface area available for Schwann cell adherence up to five-fold over that available through a simple hollow conduit. The conduit was composed of a high-molecular-weight copolymer of lactic and glycolic acids (PLGA) (MW 130,000) in an 85:15 monomer ratio. A novel foam-processing technique, employing low-pressure injection molding, was used to create highly porous conduits (approximately 90% pore volume) with continuous longitudinal channels. Using this technique, conduits were constructed containing 1, 5, 16, 45, or more longitudinally aligned channels. Prior to cellular seeding of these conduits, the foams were prewet with 50% ethanol, flushed with physiologic saline, and coated with laminin solution (10 microg/mL). A Schwann cell suspension was dynamically introduced into these processed foams at a concentration of 5 X 10(5) cells/mL, using a simple bioreactor flow loop. In vivo regeneration studies were carried out in which cell-laden five-channel polymer conduits (individual channel ID 500 microm, total conduit OD 2.3 mm) were implanted across a 7-mm gap in the rat sciatic nerve (n = 4), and midgraft axonal regeneration compared with autografts (n = 6). At 6 weeks, axonal regeneration was observed in the midconduit region of all five channels in each experimental animal. The cross-sectional area comprising axons relative to the open conduit cross sectional area (mean 26.3%, SD 10. 1%) compared favorably with autografts (mean 23.8%, SD 3.6%). Our methodology can be used to create polymer foam conduits containing longitudinally aligned channels, to introduce Schwann cells into them, and to implant them into surgically created neural defects. These conduits provide an environment permissive to axonal regeneration. Furthermore, this polymer foam-processing method and unique channeled architecture allows the introduction of neurotrophic factors into the conduit in a controlled fashion. Deposition of different factors into distinct regions within the conduit may be possible to promote more precisely guided neural regeneration. PMID:10941207

  4. The Financing of Innovative Firms

    Bronwyn H. Hall


    Full Text Available To what extent are new and/or innovative firms fundamentally different from established firms, and therefore require a different form of financing? The theoretical background for this proposition is presented, and the empirical evidence on its importance is reviewed. Owing to the intangible nature of their investment, asymmetric-information and moral-hazard, these firms are more likely to be financed by equity than debt and behave in some cases as though they are cash-constrained, especially if they are small. Recognizing the role for public policy in this area, many countries have implemented specific policies to bring the cost of financing innovation more in line with the level that would prevail in the absence of market failures.

  5. The role of financing institutions

    The production, conversion, transport and use of primary energy have considerable impacts on the environment and climate. Throughout the world, the energy sectors face the problem of reducing energy-related emissions, preventing them form occurring and contributing towards the development of environmentally friendly and sustainable energy systems. This requires an integrated planning and decision-making process, in which domestic and international financing institutions also participate since they are frequently involved in the appraisal of electricity projects. To ensure that assessment procedures cover not only project risks and aspects of credit worthiness in a narrower sense but also overall environmental and efficiency aspects, the report outlines elements of a code of conduct. This code of conduct should serve as guideline for financing institutions involved in financing energy sector investments. (author). 7 refs, 1 tab

  6. Renewable energy and Scottish trading arrangements

    This report summarises the findings of a project involving the participation of the Scottish Renewables Forum (SRF) in the ongoing Ofgem consultation process concerning the future electricity trading arrangements in Scotland. The present administrative arrangements, the activities of the SRF, the prospects for the British Electricity Trading and Transmission Arrangements (BETTA), generator connection policy, and transmission access are discussed, and an overview of consultations relating to Scotland-England interconnection access is presented. The appendices cover the SRF responses to the Ofgem consultation, a discussion paper in advance of the SRF meeting with Ofgem in April 2001, an SRF trading update, the SRF's responses to Ofgem's Environmental Action Plan, the Scottish Embedded Generators Working Group's terms of reference and draft paper on issues, and a briefing on prices in administered arrangements

  7. Valve Technology Arrangement of Cryopump: A Review

    Sanjiv Y. Rajput


    Full Text Available A cryopump or a "cryogenic pump" is a vacuum pump that pumps the trap gases and vapours by condensing them on a cold surface. Helium gas which is very light can only be pumped by Cryopump. Cryopump cannot be used when working for continuous operation as it pumps the effluent till the saturation state is achieved. Then the absorbed gases are to be collected through other mechanical pump through regeneration process. Hence, valve technology arrangement is incorporated with the cryopump in order to achieve the continuous pumping when two cryopump are used in alternate processes (i.e. absorption and regeneration. Various design of Valve technology arrangement is proposed by different researcher all over the world. This review paper focuses on the different proposed valve technology arrangement and elaborately explains the various components of valve technology and concludes the best possible arrangement that can be used in Cryopump.

  8. Flood risk governance arrangements in Europe

    Matczak, P.; Lewandowski, J.; Choryński, A.; Szwed, M.; Kundzewicz, Z. W.


    The STAR-FLOOD (Strengthening and Redesigning European Flood Risk Practices Towards Appropriate and Resilient Flood Risk Governance Arrangements) project, funded by the European Commission, investigates strategies for dealing with flood risk in six European countries: Belgium, the UK, France, the Netherlands, Poland and Sweden and in 18 vulnerable urban regions in these countries. The project aims to describe, analyse, explain, and evaluate the main similarities and differences between the selected EU Member States in terms of development and performance of flood risk governance arrangements. It also discusses the scientific and societal importance of these similarities and differences. Attention is paid to identification and characterization of shifts in flood risk governance arrangements and in flood risk management strategies and to determination of triggering factors and restraining factors. An assessment of a change of resilience and appropriateness (legitimacy, effectiveness, efficiency) of flood risk governance arrangements in Poland is presented and comparison with other European countries is offered.

  9. Financing patterns of European SMEs – an empirical taxonomy

    Moritz, Alexandra; Block, Jörn; Heinz, Andreas


    This paper develops an empirical taxonomy of SME financing patterns in Europe by performing a cluster analysis including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not homogenous but that different financing patterns exist. The cluster analysis identifies six distinct SME financing types: mixed-financed SMEs, state-subsidised SMEs, debt-financed SMEs, flexible-debt-financed SMEs, trade-financed SMEs and internally financed SMEs. These SME finan...

  10. Financing Patterns of European SMEs: An Empirical Taxonomy

    Moritz, Alexandra; Block, Joern; Heinz, Andreas


    This EIF Working Paper takes a holistic approach to investigate SME financing patterns in Europe by performing a cluster analysis including 12,726 SMEs in 28 European countries. The results reveal that SME financing in Europe is not homogenous but that different financing patterns exist. The cluster analysis identifies six distinct SME financing types: mixed-financed SMEs, state-subsidised SMEs, debt-financed SMEs, flexible-debt-financed SMEs, trade-financed SMEs and internally-financed SMEs....

  11. New multiple aperture arrangements for speckle photography

    Angel-Toro, Luciano; Tebaldi, Myrian; Trivi, Marcelo; Bolognini, Nstor


    Abstract. We propose a multiple exposure specklegram by using an optical system whose multiple aperture pupil changes between exposures. In particular, we analyze experimentally two arrangements and we show that it is possible to store the required information by employing a minimum number of registers if an adequate selection of the pupil is done. We study the effect of the decorrelation (among the stored speckle pattern) introduced by changing the multiple aperture pupil arrangements betwee...

  12. The managerial process of business financing

    Solomia Andres


    Full Text Available This paper presents some modalities and financing forces for business, getting out in the first place the entrepreneur ingenuity for finding these sources of financing necessary for the business success. Also get some contributions and proposals regarding the criteria’s of which the entrepreneur must be take care in choosing the financial sources, for preparing the finance pack and presenting the financing demands, which good documented, not only grows up the chances of one financing but also can lead to fix some relations on long time with financing source.

  13. Project finance for renewable energy

    This paper is intended to provide general advice to sponsors of renewable energy projects who expect to raise project-based financing from commercial banks to fund the development of their projects. It sets out, for the benefit of such sponsors, how bankers typically approach the analysis of these undertakings and in particular the risk areas on which they concentrate. By doing so it should assist sponsors to maximize their prospects of raising bank finance. The watchword for sponsors approaching banks must be ''Be Prepared'' . (author)

  14. Financing governmental duties by fees?

    The tendency towards the financing of governmental duties by fees is unbroken. A current example is the plan of the federal environment minister to transfer the responsibility for the final storage of radioactive wastes to a public legal association. All waste producers must become a member of this association. The task of carrying out the search, exploration and establishment of a final repository should be assigned to this association. The conditions for the financing of such tasks in Germany are very restricted. The proposed model is not compliant with the legal framework. The strategic goals of such an approach should have been determined by the government. (orig.)

  15. Apparatus and methods for splicing conduits and hoses subsea

    Slocum, Alexander Henry; Gutierrez, Luis Javier


    A hose connection system comprises a body including an internal cavity and a port in fluid communication with a portion of the internal cavity. In addition, the system comprises a hose end fitting positioned in the cavity. The hose end fitting includes an inner tubular member and an outer tubular member concentrically disposed about the inner tubular member. The outer tubular member includes a plurality of circumferentially spaced axial slits. Further, the system comprises a plurality of wedge members arranged circumferentially about the outer tubular member. Still further, the system comprises an annular piston movably disposed within the internal cavity of the body. An end of the piston has an inner frustoconical surface that slidingly engages the plurality of wedge members. The piston is configured to move axially through the body and compress the wedge members and the outer tubular member radially inward.

  16. Fabrication and Optimization of Gelatin/ Nano Bioglass Conduits for Peripheral Nerve Regeneration

    M. Foroutan Koudehi


    Full Text Available Introduction & Objective: Peripheral nerve injury is common in trauma patients and 4.5% of all soft-tissue injuries are accompanied by defects of peripheral nerve. Peripheral nerve injuries can lead to lifetime loss of function and permanent disfigurement. Designed conduits com-prised of natural and synthetic materials are now widely used in the construction of damaged tissues. The aim of this project was to prepare nanocomposite conduits from gelatin and bioglass for damaged peripheral nerve reconstruction. Materials & Methods: In this experimental study,compound water solution of gelatin and nano bioglass synthesized through sol gel method, was made. After preparing the solution, special mandrels were dipped in solution several times and freeze dried in order to be emptied of wa-ter via sublimation. The conduits had the following dimensions: internal diameter: 1.6 mm, outside diameter: 2.2 mm and length about 12 mm. In order to evaluate the biocompatibility of conduits we used cytotoxicity test by Chinese ovary cells and MTT assay by Miapaca-2 (pancreatic cancer cell line. Results: The prepared nano bioglass and conduits were characterized using transmission elec-tron microscopy, scanning electron microscopy, fourier transformed infrared spectroscopy and X-ray diffraction. Results of biocompatibility test showed no sign of cytotoxicity and cells were found to be attached to the pore walls offered by the conduits. Conclusion: According to the results, nano bioglass conduits could be a good candidate for peripheral nerve regeneration. (Sci J Hamadan Univ Med Sci 2014; 21 (2:152-160

  17. Financing Higher Education in Canada.

    Association of Universities and Colleges of Canada, Ottawa (Ontario).

    It is the purpose of the committee responsible for this document to study, report, and make recommendations on the financing of universities and colleges of Canada, with particular reference to the decade ending 1975, including: (1) prospective financial requirements of universities and colleges, for operation, research, physical facilities and…

  18. (Micro)Financing to Give

    Bajde, Domen

    transaction. We turn to recent efforts of hybridizing charity and venture finance, exemplified by microfinance platforms such as We combine data from an existing study of Kiva and its online community, with additional participant observation and third-party accounts detailing the evolution and...

  19. Financing Community Education. A Primer.

    Knight, Philip H.

    This manual is divided into three modules designed for use in a self-teaching situation. The first module presents a philosophical discussion of financing community education. The traditional model, requiring subordination of community education goals to the goals of the funding agency, is contrasted with an alternative model that establishes…

  20. The Finance of University Computing.

    Dolton, Peter J.


    British university expenditure patterns for computing in the last 20 years are explored and current spending and facilities are surveyed. The recent Computers in Teaching initiative is described and present trends in computing with implications for universities are outlined. Some assessment of the overall finance of university computing is…

  1. Revolution in Business and Finance

    Hazel Henderson


    Hazel Henderson argues that the world must address how to finance development through innovative funding sources, as well as how to fund global public goods as a matter of priority in the new global order. Development (2003) 46, 55–60. doi:10.1177/1011637003046001584

  2. Financing of wind energy projects

    This paper looks at what banks need to know to enable them to consider a wind energy project. The major experiences of banks in financing wind energy have been in the US where governmentally inspired long term sales contracts (PURPA Contracts) have given a security to sponsors and banks not available elsewhere. (Author)

  3. Revamping California's Education Finance System.

    McFadden, Brett


    Describes reasons for California's budget deficits and their impact on school finance. Offers five possible solutions to the school funding crises: Restructure the state's tax and revenue system, restore school district revenue-sharing abilities, initiate a top-to-bottom mandate review, provide greater fiscal and program flexibility, and revamp…

  4. Small and Medium Enterprise Finance

    Global Partnership for Financial Inclusion; International Finance Corporation


    This update considers new findings since the initial Stocktaking report, substantiating the contribution of the private sector, and of small and medium enterprises (SMEs) in particular, for new jobs and investment. These findings further illustrate the key role access to finance plays in SMEs abilities and willingness to add jobs including the special circumstances of fast-growing SMEs, o...

  5. Nuclear industry (Finance) Act 1981

    The purpose of the Act is to enable British Nuclear Fuels Limited to make borrowings backed by Government guarantees in order to finance its ten year investment programme. More specifically, the Act raises the financial limit applicable to British Nuclear Fuels Limited from pound 500 million to pound 1,000 million. (NEA)

  6. Guideposts for Low Carbon Finance

    The author proposes four guideposts for efficient low carbon finance: remove subsidies for high-carbon technologies, improve the cost-effectiveness of low-carbon subsidies, encourage private sector innovation and maintain transparent public policy tools that support cost-benefit accounting

  7. Investment Timing When External Financing Is Costly

    Hirth, Stefan; Uhrig-Homburg, Marliese

    This paper analyzes the investment timing of firms facing two dimensions of financing constraints: Liquidity constraints and capital market frictions inducing financing costs. We show that liquidity constraints are not sufficient to explain voluntary investment delay. However, when additionally c...

  8. Recent Developments in Quantitative Finance: An Overview

    Chang, Chia-Lin; Hu, Shing-Yang; Yu, Shih-Ti


    Quantitative finance combines mathematical finance, financial statistics, financial econometrics and empirical finance to provide a solid quantitative foundation for the analysis of financial issues. The purpose of this special issue on “Recent developments in quantitative finance” is to highlight some areas of research in which novel methods in quantitative finance have contributed significantly to the analysis of financial issues, specifically fast methods for large-scale non-elliptical por...

  9. E-Finance Development in Korea

    Choong Young Ahn; Doo Yong Yang


    E-finance in Korea has evolved since the late 1980s, when developments in information and telecommunication technology started to be applied to the financial industry. Since the 1990s, e-finance has led a paradigm shift in the financial industry as financial transactions in computer-based tools began increasing. There are several factors that contributed to e-finance development. Korea possess the basic requisite conditions to foster thriving e-finance, including an advanced IT infrastructure...

  10. Corporate Self-Financing and Growth

    Ricardo Bebczuk; Lorena Garegnani


    This paper analyzes the advantages and disadvantages of corporate self-financing from de perspective of corporative finance in order to evaluate its macroeconomic consequences. Specifically, a corporate self-financing coefficient is calculated for a group of 15 countries of OECD during the period 1970-2003. Using recent panel data methods, this paper studies the long-run effect of the corporate self-financing coefficient on the corporate investment, the total factor productivity and the outpu...


    Adrian Macris; Maria Macris


    This paper sets forth the issue of financing higher education in Romania according tothe fundamental principles adopted by most of the countries of the European Union. Under suchcircumstances, the two components of financing State universities are minutely exhibited, namelybasic financing and complementary financing. At the same time, the extremely important matterrequiring the foundation of an efficient and competitive educational system demanded by the newenvironment also implies the provid...

  12. Education Financing of Rural Households in China

    Wang, Hua-shu; Moll, Henk


    The purpose of this paper was to examine children’s education financing alternatives among households in rural China. Data on education financing was from a household survey conducted in three poverty villages in Guizhou, China. The difference in financing education by households was verified through non-parametric testing. Findings show that private savings is dominant in financing education of children in school. Formal loans are almost absent even in the highest wealth group examined. The ...

  13. Behavioral Finances versus Technical and Fundamental Analysis

    Ion Stancu; Adrian Mitroi


    Although the field of modern finance has progressed impressively, it is still hard to explain on a scientific basis why people behave nonrationally when dealing with money. The classic finance assumes people rationalize and optimize their financial decisions. Behavioral Finance adds the importance of what investors should do and complements the mantra of classic finance with what people actually do, in terms of economic decisions. The new field of Neuroeconomy investigates the subtle and prof...

  14. Foundations and Trends(R) in Finance

    Shefrin, Hersh


    Finance is in the midst of a paradigm shift, from a neoclassical based framework to a psychologically based framework. Behavioral finance is the application of psychology to financial decision making and financial markets. Behavioralizing finance is the process of replacing neoclassical assumptions with behavioral counterparts. This monograph surveys the literature in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions for behav...

  15. An Introduction to International Factoring & Project Finance

    Glinavos, Ioannis


    This work consists of two essays on law and finance in international trade. It addresses the means of raising funds for investment through receivables financing and project finance. The first essay discusses the role of receivables financing and in particular factoring in international trade. It examines the nature of factoring transactions and presents the efforts at regulation on an international level aimed at overcoming the difficulties in enforcement. The second essay discusses project f...

  16. Financing power projects in emerging markets

    Financing for power generation projects in the developing countries of the world has been provided by the United States Export-Import Bank. The loans provided by its new Project Finance Division, totalling $8.3 billion are described. The future of project financing for the power generation industry should, it is argued, rest not with government financing agencies, but with private sector financial markets. (UK)

  17. The vanishing effect of finance on growth

    Gründler, Klaus


    This paper investigates the causes of the "vanishing effect of finance" detected in recent studies. The results highlight that the negative effect of the financial system on growth is mainly driven by advanced economies, whereas finance is still beneficial for income increases in developing countries. The reason is that finance and growth are associated via a nonlinear relationship, which is due to a fundamental change in the transmission mechanism of finance across different levels of econom...

  18. Electrospun polycaprolactone/polylactic acid nanofibers as an artificial nerve conduit

    Development of conduits made of biodegradable nanofibers is gaining substantial interest due to their suitability for nerve regeneration. Among all polymeric nanofibers PCL (Poly-Caprolactone) is distinctively found for mechanical stability and PLLA (Poly (L-Lactic Acid)) for relatively faster biodegradability. The aim of this study is to investigate blending compatibility between PCL and PLLA and the ability to fabricate nanofibers conduits via electro spinning. The PCL-PLLA nano-fiber tubular made from different blend ratios of PCL-PLLA were electro spun. The electro spun nanofibers were continuously deposited over high speed rotating mandrel to fabricate nanofibers conduit having inner diameter of 2mm and the wall thickness of 55-65 m. The diameters of nano-fibers were between 715-860nm. FTIR (Fourier Transform Infrared) spectroscopy used to analyze chemical change in the blends of nerve conduits, which revealed that the PCL-PLLA blend nanofiber exhibit characteristic peaks of both PCL and PLLA and was composition dependent. The crystallinity of PCL-PLLA tubes were studied using WAXD (Wide Angle Xray Diffraction). The morphology of nanofibers were investigated under SEM (Scanning Electron Microscope). The mechanical properties of the conduits were also tested; the Young's modulus obtained for small diameter was 10MPa, twice as high as larger diameter. (author)

  19. Electrospun Polycaprolactone/Polylactic Acid Nanofibers as an Artificial Nerve Conduit

    Zeeshan Ali Khatri


    Full Text Available Development of conduits made of biodegradable nanofibers is gaining substantial interest due to their suitability for nerve regeneration. Among all polymeric nanofibers PCL (Poly ?-Caprolactone is distinctively found for mechanical stability and PLLA (Poly (L-Lactic Acid for relatively faster biodegradability. The aim of this study is to investigate blending compatibility between PCL and PLLA and the ability to fabricate nanofibers conduits via electro spinning. The PCL-PLLA nano-fiber tubular made from different blend ratios of PCL-PLLA were electro spun. The electro spun nanofibers were continuously deposited over high speed rotating mandrel to fabricate nanofibers conduit having inner diameter of 2mm and the wall thickness of 55-65µm. The diameters of nano-fibers were between 715-860nm. FTIR (Fourier Transform Infrared spectroscopy used to analyze chemical change in the blends of nerve conduits, which revealed that the PCL-PLLA blend nanofiber exhibit characteristic peaks of both PCL and PLLA and was composition dependent. The crystallinity of PCL-PLLA tubes were studied using WAXD (Wide Angle Xray Diffraction. The morphology of nanofibers were investigated under SEM (Scanning Electron Microscope. The mechanical properties of the conduits were also tested; the Young?s modulus obtained for small diameter was 10MPa, twice as high as larger diameter.

  20. Fabrication of patterned multi-walled poly-l-lactic acid conduits for nerve regeneration.

    Li, Jianming; Shi, Riyi


    Topographical cues in the micron and nanoscale regime represent a powerful and effective method for controlling neuron and glial cell behavior. Previous studies have shown that contact guidance can facilitate axon pathfinding, accelerate neurite growth and induce glial cell alignment. In this paper, we exploit the concept of haptotaxis via implementation into three-dimensional neural based scaffolds. Polymeric poly-l-lactic acid (PLLA) conduits possessing multiple intralumenal walls and precise topography along the longitudinal axis were fabricated using solvent casting, physical imprinting and a rolling-fusing method. Measurements made on scanning electron micrographs show the conduits demonstrate a transparency factor (void to polymer ratio) of up to 87.9% and an increase in surface area of four to eight times over comparably sized hollow conduits. Intralumenal wall thickness was approximately 20 microm and physical parameters such as the number of lumens, conduit length and diameter were controllable. These results imply that the structures are conducive for cellular infiltration and proliferation. Although PLLA was used, the manufacturing techniques are highly flexible and are compatible with multiple polymer-solvent systems. Thus, the proposed conduits can be custom tailored to resorb in parallel with the healing process. Applications for these scaffolds include autograft substitutes for peripheral nerve transection or potential use in spinal cord related injuries. PMID:17644184

  1. A novel electrospun nerve conduit enhanced by carbon nanotubes for peripheral nerve regeneration

    For artificial nerve conduits, great improvements have been achieved in mimicking the structures and components of autologous nerves. However, there are still some problems in conduit construction, especially in terms of mechanical properties, biomimetic surface tomography, electrical conductivity and sustained release of neurotrophic factors or cells. In this study, we designed and fabricated a novel electrospun nerve conduit enhanced by multi-walled carbon nanotubes (MWNTs) on the basis of a collagen/poly(ε-caprolactone) (collagen/PCL) fibrous scaffold. Our aim was to provide further knowledge about the mechanical effects and efficacy of MWNTs on nerve conduits as well as the biocompatibility and toxicology of MWNTs when applied in vivo. The results showed that as one component, carboxyl MWNTs could greatly alter the composite scaffold’s hydrophilicity, mechanical properties and degradability. The electrospun fibers enhanced by MWNTs could support Schwann cell adhesion and elongation as a substrate in vitro. In vivo animal studies demonstrated that the MWNT-enhanced collagen/PCL conduit could effectively promote nerve regeneration of sciatic nerve defect in rats and prevent muscle atrophy without invoking body rejection or serious chronic inflammation. All of these results showed that this MWNT-enhanced scaffold possesses good biocompatibility and MWNTs might be excellent candidates as engineered nanocarriers for further neurotrophic factor delivery research. (paper)

  2. Manufacture of porous polymer nerve conduits by a novel low-pressure injection molding process.

    Sundback, Cathryn; Hadlock, Tessa; Cheney, Mack; Vacanti, Joseph


    A method to fabricate porous, biodegradable conduits using a combined injection molding, thermally induced phase transition technique was developed which produced conduits with dimensionally toleranced, longitudinally aligned channels. The geometry of the channels was designed to approximate the architecture of peripheral nerves and to support the monolayer adherence of physiologically relevant numbers of Schwann cells. The channel configuration could be varied from a single 1.35 mm diameter channel up to 100 0.08 mm diameter channels. A conduit with 100 channels has approximately 12.5 times the lumenal surface area of a single channel conduit and supports the adherence of five times the number of Schwann cells in the native peripheral nerve. In this study, poly(DL-lactide-co-glycolide) (DL-PLGA) was dissolved in acetic acid and injected into a cold mold which induced solid-liquid phase separation and, ultimately, solidification of the polymer solution. The acetic acid was removed by sublimation and the resulting foam had a macrostructure of high anisotropy. Semi-permeable skins formed on the outer and lumen diameters of the conduit as a consequence of rapid quenching. Macropores were organized into bundles of channels, up to 20 microm wide, in the DL-PLGA matrix and represented remnants of acetic acid that crystallized during solidification. PMID:12485800

  3. Midterm results of bovine jugular vein conduit for right ventricular outflow tract reconstruction

    Objective: To evaluate the midterm results of Contegra conduit. Methods: The retrospective study comprised patient record at Aga Khan University Hospital, Karachi, of conduits implanted between May 2007 and June 2012. Data collection was made from the clinical notes and from serial echocardiograms by a single cardiologist. The last followup echocardiography was done at the time of data collection in June 2012. SPSS 19 was used for statistical analysis. Results: A total of 18 conduits had been implanted (16-22mm) during the study period. Median age at the time of surgery was 9 years (range: 2.5-16 years). Early mortality was seen in 3 (16.66%) patients, but none was Contegra related. Of the remaining 15 patients, 2 (13.33%) with a diagnosis of Pulmonary Atresia-Ventricular Septal Defect with hypoplastic peripheral Pulmonary Arteries (PA), developed severe distal pressure gradient (50mmHg) across Contegra over a median period of 18 months (range: 12-24 months), with resultant severe regurgitation and needed percutaneous intervention. There was no thrombosis, calcification, anuerysmal dilation or late deaths. Conclusion: At midterm followup, Contegra conduit was associated with low re-intervention rates with satisfactory haemodynamic results. However, long-term durability must be determined for this conduit, especially in patients with Pulmonary Atresia-Ventricular Septal Defect with hypoplastic peripheral Pulmonary Arteries. (author)

  4. Long Term Complications Following Heal Conduit Urinary Diversion after Radical Cystectomy

    To study the long term complications of ileal conduit urinary diversion in 36 patients with invasive urinary bladder cancer who lived more than 5 years after surgery. Patients and Methods: A retrospective study included 36 long term survivors (survival 5 years or greater) with invasive bladder cancer who did radical cystectomy or anterior pelvic excentration with ileal conduit urinary diversion at the National Cancer Institute, Cairo University before January 2004. Results: A total of 36 patients, 28 Males and 8 females, with median age at surgery of 62 years. Complications developed in 22 (61 %) patients and surgical re-intervention was needed, in 14 patients (39%). Stoma related complications developed in 7 (19%) patients, bowel related complications developed in 4 (11%), urinary tract infection and pyelonephritis was observed in 9 (25%) patients, conduit/ureteral anastomosis related complications developed in 5 (14%) patients, urolithiasis developed in 4 (11%) patients. Renal function deterioration (morphological and functional) was observed in 9 (25%) patients, nephrectomy was required in 2 patients, hemodialysis was required in 1 patient, and 1 patient had persistent hyperchloraemic acidosis. Conclusion: Long term follow-up for patients with ileal conduit urinary diversion shows high complication and high surgical re-intervention rates following this technique. Longer follow-up period for 20 or more years is needed for all urinary diversion techniques to prove either the ileal conduit will remain the gold standard for urinary diversion or other newly developed techniques will take its place

  5. Boat electrofishing relative to anode arrangement

    Miranda, L.E.; Kratochvil, M.


    We assessed the effect of boom (i.e., anode) arrangement (a single boom and double booms spaced 1.3, 1.9, and 3.2 m apart) on the characteristics of the electric field formed ahead of an electrofishing boat as well as on fish catch. Anode arrangement affected the lengthwise and crosswise characteristics of the field. As a general rule, rearranging the anodes from a single boom located centrally to a double-boom system with broadly separated anodes shifted the strength of the field outward (away from the center) and forward (away from the boat). The highest voltage gradients occurred when the anodes had the greatest separation. Catch rates varied by boom arrangement, increasing as boom separation increased. Differences in species and length selectivity with respect to boom arrangement were minor. We suggest that the double-boom arrangement with the booms placed about 1.9 m apart (but no more than about 2.5 m) is suitable for most electrofishing applications. ?? Copyright by the American Fisheries Society 2008.

  6. The A daptations of SMEs into Rating Process within the S cope of Bas el Arrangements a Study in the city of Corum

    Recep Çakar


    Full Text Available SMEs operate in certain hardships when the developments in financial markets are taken into account. The primary of these hardships is the difficulty in reaching low-cost finance facilities which are crucial for competing and growing. When it comes to today, the most important developments affecting the SMEs in terms of finance are Basel arrangements. From now on, financial institutions will take the rating notes of SMEs into consideration while giving credits to them. Financial resources will be provided for SMEs in accordance with their rating, and therefore competition advantage and disadvantages of SMEs will be ensued.A hesitation about the orientation of SMEs to the financing technique which is brought by Basel arrangements occurred and thus a study was conducted relating to the matter in the city of Corum. When the results of the study were analysed, it was realised that the SMEs operating in Corum were not sufficiently informed about the rating system brought about Basel arrangements and also the ones who were knowledgeable about these arrangements did not demand rating due to the cost issues of this system. The first and foremost reason of adaptation problems into Basel process was the fact that the SMEs were run by the proprietors themselves not the professional managers, and there were not finance managers in those SMEs

  7. 41 CFR 101-39.003 - Financing.


    ... 41 Public Contracts and Property Management 2 2010-07-01 2010-07-01 true Financing. 101-39.003... MANAGEMENT SYSTEMS 39.0-General Provisions § 101-39.003 Financing. (a) Section 211(d) of the Federal Property... fleet management system, the financing and accounting methods shall be developed by GSA in...

  8. Capital Financing for Independent Private Schools.

    Quinn, Kevin G.; Doherty, Robert F.; Wienk, Christopher O.

    This document contains summary materials from a presentation by Wye River Capital, Inc. of Annapolis, Maryland, on capital financing for independent private schools. The main sections of the presentation address: (1) overview of the capital financing process; (2) tax law considerations for tax-exempt financings by private schools; and (3) key…

  9. 24 CFR 884.114 - Financing.


    ... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Financing. 884.114 Section 884.114... HOUSING PROJECTS Applicability, Scope and Basic Policies § 884.114 Financing. (a) Types. Eligible projects... contract as security for financing. (1) An Owner may pledge, or offer as security for any loan...

  10. Access to Finance for Smallholder Farmers

    International Finance Corporation


    The percentage of smallholders with access to finance is equally difficult to quantify. According to estimates, even promising approaches to expanding smallholder lending, such as value chain finance, are reaching fewer than 10 percent of smallholders, primarily those in well-established value chains dedicated to higher value cash crops. International Finance Corporation (IFC) has been eng...

  11. Minnesota School Finance: A Guide for Legislators.

    Strom, Tim

    Following a brief introduction discussing Minnesota's educational finance system, recent finance litigation, and public education system, this report discusses basic school finance terms and concepts. The next two sections review the state's property tax system and its general education revenue program, including aid and levy calculations.…

  12. 75 FR 38158 - Korea Finance Corporation; Notice of Application


    ... COMMISSION Korea Finance Corporation; Notice of Application June 25, 2010. AGENCY: Securities and Exchange... Finance Corporation (``Applicant''). SUMMARY: Summary of Application: Applicant, a policy finance...-owned policy finance institution established by the Korean Government on October 28, 2009, pursuant...

  13. 48 CFR 32.003 - Simplified acquisition procedures financing.


    ... procedures financing. 32.003 Section 32.003 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION GENERAL CONTRACTING REQUIREMENTS CONTRACT FINANCING 32.003 Simplified acquisition procedures financing. Unless agency regulations otherwise permit, contract financing shall not be provided...

  14. Study on Risk Management in Financing and Operational of Grameen Bank Financing Concept in MBK Finance

    Bobby Yulandika Putra


    Full Text Available Objective – Poverty is one of the most fundamental issues that still surround the life of 29.89 million people of Indonesia (National Statistical Bureau data from January 2, 2012. During this time, the pattern of poverty alleviation programs undertaken by the government is a pattern of generosity. This pattern can directly exacerbate the poor morals and behavior. Ideally, poverty alleviation efforts are made by concrete steps, which empower poor `communities themselves.In line with the theme of this research, one of the financial institutions (non-Banks who cares and has the spirit to empower people to overcome poverty is Mitra Bisnis Keluarga (MBK. This study aimed to assess the financial risks and operational risks of implementation of Grameen Bank financing concept in MBK.Methods - The method used in this research is literature review and qualitative descriptive study using actual MBK data.Results - Results from this research showed that products with the concept of Grameen Bank financing is relatively safe in the terms of the financing risk, but requires more attention on operational risk and which can be implemented for large-scale poverty alleviation program.Conclusion - The data showed that the risk of financing given to the poor (without collateral is minimal and MBK actual data shows that the Operational self-sufficiency is relatively high at> 90% Keywords : MBK, Grameen Bank, Poverty

  15. Java meshing tool for sphere arrangements

    A tool for meshing sphere arrangements was programmed in order to perform finite element calculations. Sphere arrangements are investigated in frame of the feasibility study of the sphere-pac nuclear fuel. One major concern of this study is the thermal conductivity of the arrangement. Further concerns are the mechanical behavior and sintering of the fuel. The thermal conductivity of the fuel was addressed with the computer code SPACON based on a unit cell approach and a radial heat flow experiment. However, a further approach using the finite element method is desirable, in order to better understanding the thermal flow through the package and to cross check with SPACON data and with experimental data. Also the mechanical behavior of the fuel could be addressed using the finite element technique. (author)

  16. Cooling arrangement for a superconducting coil

    A superconducting device is disclosed, such as a superconducting rotor for a generator or motor. A vacuum enclosure has an interior wall surrounding a cavity containing a vacuum. A superconductive coil is placed in the cavity. A generally-annularly-arranged, thermally-conductive sheet has an inward-facing surface contacting generally the entire outward-facing surface of the superconductive coil. A generally-annularly-arranged coolant tube contains a cryogenic fluid and contacts a generally-circumferential portion of the outward-facing surface of the sheet. A generally-annularly-arranged, thermally-insulative coil overwrap generally circumferentially surrounds the sheet. The coolant tube and the inward-facing surface of the coil overwrap together contact generally the entire outward-facing surface of the sheet. 3 figs

  17. Exchange rate regimes and monetary arrangements

    Ivan Ribnikar


    Full Text Available There is a close relationship between a country’s exchange rate regime and monetary arrangement and if we are to examine monetary arrangements then exchange rate regimes must first be analysed. Within the conventional and most widely used classification of exchange rate regimes into rigid and flexible or into polar regimes (hard peg and float on one side, and intermediate regimes on the other there, is a much greater variety among intermediate regimes. A more precise and, as will be seen, more useful classification of exchange rate regimes is the first topic of the paper. The second topic is how exchange rate regimes influence or determine monetary arrangements and monetary policy or monetary policy regimes: monetary autonomy versus monetary nonautonomy and discretion in monetary policy versus commitment in monetary policy. Both topics are important for countries on their path to the EU and the euro area

  18. Device and method for measuring multi-phase fluid flow in a conduit using an elbow flow meter

    Ortiz, Marcos G.; Boucher, Timothy J.


    A system for measuring fluid flow in a conduit. The system utilizes pressure transducers disposed generally in line upstream and downstream of the flow of fluid in a bend in the conduit. Data from the pressure transducers is transmitted to a microprocessor or computer. The pressure differential measured by the pressure transducers is then used to calculate the fluid flow rate in the conduit. Control signals may then be generated by the microprocessor or computer to control flow, total fluid dispersed, (in, for example, an irrigation system), area of dispersal or other desired effect based on the fluid flow in the conduit.

  19. Cooling arrangement for a gas turbine component

    Lee, Ching-Pang; Heneveld, Benjamin E


    A cooling arrangement (82) for a gas turbine engine component, the cooling arrangement (82) having a plurality of rows (92, 94, 96) of airfoils (98), wherein adjacent airfoils (98) within a row (92, 94, 96) define segments (110, 130, 140) of cooling channels (90), and wherein outlets (114, 134) of the segments (110, 130) in one row (92, 94) align aerodynamically with inlets (132, 142) of segments (130, 140) in an adjacent row (94, 96) to define continuous cooling channels (90) with non continuous walls (116, 120), each cooling channel (90) comprising a serpentine shape.

  20. People management implications of virtual workplace arrangements

    K. Ortlepp


    Full Text Available Purpose: The purpose of this paper is to investigate the factors that led to an organisation implementing a particular form of virtual workplace arrangement, namely, home-based work. The benefits and disadvantages associated with this form of work arrangement are explored from both the managers' and home-based employees' perspectives. Design/Methodology/Approach: Given the exploratory nature of the empirical study on which this paper is based, a qualitative research design was adopted so as to ensure that the data collection process was dynamic and probing in nature. Semi-structured in-depth interviews were therefore used as instruments for data collection. Findings: The research findings indicate that virtual work arrangements such as home-based work arrangements have advantages for both employers and employees. For instance, reduction of costs associated with office space and facilities, decrease in absenteeism rates, increased employee job satisfaction and improvements in employees' general quality of life. However, a number of negative experiences related to this form of virtual work arrangement are also evident, for example, feelings of isolation as well as stress related to the inability to have firm boundaries between work and family responsibilities. Implications: Based on the insights gained from the findings in the empirical study, a number of areas that need to be given specific attention when organisations are introducing virtual workplace arrangements of this nature are identified. Recommendations made in this article are important for human resource management specialists as well as core business policy makers considering different forms of organisational design. Originality/Value: Maximising the quality of production and service provided has become the prime objective in most organisations in the 21st century. Technology has made it possible for some jobs to be performed at any place at any time and has facilitated the introduction of virtual workplace arrangements. A focus on the people management implications of virtual work arrangements is a relatively new field of study and one that is likely to gain in importance as organisations consider less traditional organisational forms as part of their strategy to ensure success in the global economy of the 21st century.

  1. Partial normalizations of Coxeter arrangements and discriminants

    Granger, Michel; Schulze, Mathias


    We study natural partial normalization spaces of Coxeter arrangements and discriminants and relate their geometry to representation theory. The underlying ring structures arise from Dubrovin's Frobenius manifold structure which is lifted (without unit) to the space of the arrangement. We also describe an independent approach to these structures via duality of maximal Cohen-Macaulay fractional ideals. In the process, we find 3rd order differential relations for the basic invariants of the Coxeter group. Finally, we show that our partial normalizations give rise to new free divisors.

  2. Arranged matches and mental illness: therapists' dilemmas.

    Greenberg, David; Buchbinder, Jacob Tuvia; Witztum, Eliezer


    Traditional societies place especial value on marriage and having children, and marriages are often arranged. A series of situations and dilemmas associated with arranged matches and their consequences are described in the course of mental health work with ultra-orthodox Jewish people with severe mental illness. Issues of confidentiality may arise with parents and matchmakers; on the other hand, respectful cooperation with religious authorities, counselors in the community, and family members is important. Information on genetic counseling, contraception, medication during pregnancy, and breastfeeding are considered and interact with communal structures and practices. There is a need for close support and evaluation during the process of marriage, childbearing, and parenthood. PMID:23244012

  3. The International Finance Corporation and financing of sustainable energy



    The International Finance Corporation (IFC), a member of the World Bank Group, is the largest multilateral source of loan and equity financing for private sector projects in the developing world. IFC participates in an investment only when it can make a special contribution that complements the role of market operators. Since its founding 40 years ago, IFC has provided more than $18.8 billion in financing for 1,706 companies in developing countries. Its share capital is provided by its 170 member countries, which collectively determine its policies and activities. Strong shareholder support and a substantial paid-in capital base have allowed IFC to raise funds for its lending activities through its triple-A rated bond issues in international financial markets. IFC created an Infrastructure Department in 1992 in response to the growing demand for its services in this area. During fiscal 1996 IFC approved 33 projects for new investments of $715 million of which 27% were in the power sector. In recognition of the continuing demand growth for private power investments an expanded Power Department has been formed to handle IFC`s investments in electric power generation projects using renewable resources such as: run-of-the-river hydro, geothermal, biomass cogeneration, wind energy, and solar (photovoltaic, solar thermal, etc.), as well as conventional thermal generation projects, transmission and distribution projects, and energy efficiency investments.

  4. Biodegradable Conduit Small Gap Tubulization for Peripheral Nerve Mutilation: A Substitute for Traditional Epineurial Neurorrhaphy

    Peixun Zhang, Na Han, Tianbing Wang, Feng Xue, Yuhui Kou, Yanhua Wang, Xiaofeng Yin, Laijin Lu, Guanglei Tian, Xu Gong, Shanlin Chen, Yu Dang, Jianping Peng, Baoguo Jiang


    Full Text Available Nerve regeneration and re-innervation are usually difficult after peripheral nerve injury. Epineurium neurorrhaphy to recover the nerve continuity is the traditional choice of peripheral nerve mutilation without nerve defects, whereas the functional recovery remains quite unsatisfactory. Based on previous research in SD rats and Rhesus Monkeys, a multiple centers clinical trial about biodegradable conduit small gap tubulization for peripheral nerve mutilation to substitute traditional epineurial neurorrhaphy was carried out. Herein, the authors reviewed the literature that focused on peripheral nerve injury and possible clinical application, and confirmed the clinical possibilities of biodegradable conduit small gap tubulization to substitute traditional epineurial neurorrhaphy for peripheral nerve mutilation. The biodegradable conduit small gap tubulization to substitute traditional epineurial neurorrhaphy for peripheral nerve mutilation may be a revolutionary innovation in peripheral nerve injury and repair field.

  5. A 6-year experience with radial artery conduit for myocardial revascularization

    A Sadeghpour-Tabaee


    Full Text Available Background: Excellent long-term patencies of arterial grafts are considered, superior to those of vein grafts. In this study, we present our 6 years experience in using radial artery as a conduit for myocardial revascularization. The aim of the present study was to assess the safety and early and mid term results of using radial artery in coronary artery bypass graft. Methods: The radial artery used as a conduit in 308 cases was evaluated during past 6 years, and the results obtained were processed and analyzed. Results: The operative morbidity comprised re-operation for bleeding in 3.2%, MI in 5%, with paresthesis and stitch abscess of the hand in 10% in and 3.5% respectively. Hospital mortality included 2 patients, one case being directly due to complication of harvesting radial artery.Conclusion: The results of present study were satisfactory with acceptable morbidity and mortality and favored the application of this conduit to CABG patients.

  6. The Relation Between Reporting Quality and Financing and Investment: Evidence from Changes in Financing Capacity

    Balakrishnan, Karthik; John E. Core; Verdi, Rodrigo


    We use changes in the value of a firm's real estate assets as an exogenous change in a firm's financing capacity to examine (1) the relation between reporting quality and financing and investment conditional on this change, and (2) firms’ reporting quality responses to the change in financing capacity. We find that financing and investment by firms with higher reporting quality is less affected by changes in real estate values than are financing and investment by firms with lower reporting qu...

  7. Does Islamic Finance Outperform Conventional Finance ? Further Evidence from the recent financial crisis

    Fredj Jawadi; Nabila Jawadi; Waël Louhichi


    This paper aims to study the performance of Islamic finance regarding that of conventional finance over the last decade. This question is particularly interesting as within the current financial crisis, conventional finance is being rather ineffectual and risky and that in the same time one can expect that Islamic finance innovations could enable investors to get higher performance and lower risk. Indeed, thanks to the ethical and moral aspect of Islamic finance, its products seem to be more ...

  8. Increasing revenues for protected areas. A wealth of financing options

    This paper aims at giving an overview of traditional and new financing mechanisms in support of protected areas. The web of life is breaking down: our world is facing biodiversity loss at unprecedented rates. Human impacts are causing the acceleration of species loss, at rates of several hundreds up to 1000 times the natural rate of species extinction, depending on the type of organisms. Habitat degradation and loss, introduction of invasive species, pollution, and overexploitation of resources are factors that determine the process of mass extinction. Protected areas obviously play a critical role in biodiversity conservation. Article 8 of the Convention on Biological Diversity (CBD) obliges Parties to establish a system of protected areas to-conserve biodiversity, to develop guidelines for protected areas management and to promote appropriate development adjacent to protected areas. Besides agreeing on this global mandate for protected areas, through Article 8m of the CBD Parties committed themselves to cooperate in providing financial support for protected area systems: 'Each contracting party (...) shall cooperate in providing financial and other support for in-situ conservation (...) particularly to developing countries'. Current revenues for maintaining existing protected areas and the creation of new ones are insufficient. Annually, approximately USD 7 billion is spent on the creation and maintenance of protected areas around the world (Balmford, 2003). The amount required to adequately protect biodiversity is estimated to be about five times higher. The flow of revenues from traditional and new financing mechanisms should clearly be increased to mitigate the financing deficit for protected areas. As part of the solution, innovative financing mechanisms are being developed aimed at increasing the global revenues for protected areas, thus capturing the multiple values of ecosystem goods and services provided by protected areas to mankind. This scoping paper focuses on an overview of financing mechanisms in support of the creation and maintenance of protected areas comprising terrestrial ecosystems.The term 'protected area' refers in this paper to all IUCN protected area categories, including extractive reserves. The financing mechanisms are classified into six different categories, according to the type of institutional arrangement, and the dominant actor or group of actors

  9. MRI of the heart following implantation of a left ventricular apico-aortic conduit

    Purpose: To investigate the potential of ECG-triggered MRI for the evaluation of postoperative anatomy and function of the heart and conduit following implantation of a left-ventricular apico-aortic conduit. Materials and Methods: 5 patients (2 female, 3 male, mean age 72.5 years) were examined using a 1.5 Tesla whole-body MRI (Gyroscan Intera, Philips Medical Systems, Best, The Netherlands) following apico-aortic conduit surgery due to severe aortic valve stenosis. The reason for performing conduit implantation instead of aortic valve replacement was the risk of injuring a bypass graft from prior coronary artery bypass surgery. Cine steady-state-free-precession (SSFP) sequences were used to assess ventricular function, navigator-gated 3D-SSFP and breath-hold, time-resolved contrast-enhanced MR angiography was used to display the postoperative anatomy, and 2D-gradient echo sequences with an inversion pulse to suppress the signal of the healthy myocardium were used to evaluate potential myocardial scarring. Flow sensitive gradient echo sequences were performed to determine the blood flow in the conduit. Results: In all patients the apico-aortic conduit proved to be open with a maximum flow velocity of 126 (+ 43) cm/s. The postoperative anatomy was able to be evaluated in all patients and perioperative myocardial infarction was able to be ruled out. The mean ejection fraction of the left ventricle was 44.2 + 6.2 % with a mean volume of 80 + 20.6 ml per heart beat. (orig.)

  10. 12 CFR 908.71 - Practice before the Finance Board.


    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Practice before the Finance Board. 908.71 Section 908.71 Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOUSING FINANCE BOARD ORGANIZATION... Finance Board § 908.71 Practice before the Finance Board. Practice before the Finance Board for...

  11. 12 CFR 985.4 - Finance Board oversight.


    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Finance Board oversight. 985.4 Section 985.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD OFFICE OF FINANCE THE OFFICE OF FINANCE § 985.4 Finance Board oversight. (a) Oversight and enforcement actions. The Finance Board shall have the same...

  12. 7 CFR 4290.830 - Minimum term of Financing.


    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Minimum term of Financing. 4290.830 Section 4290.830... Financing of Enterprises by RBICs Structuring Rbic Financing of Eligible Enterprises-Types of Financings § 4290.830 Minimum term of Financing. (a) General rule. The minimum term of each of your Financings...

  13. Pressure distribution along the AGS vacuum chambers with new types of pump out conduits

    The AGS HEBT and ring vacuum system is monitored by the discharge current of the magnet ion pumps, which is proportional to the pressure at the inlet port of these ion pumps. The discharge current is measured and suitably calibrated to indicate the ion pump pressure. In order to calculate the vacuum chamber pressure from the ion pump pressure, a detailed analysis is essential to compute their difference in different scenarios. Such analysis has been carried out numerically in the past for the system with the older type of pump out conduits, and similar analysis using FEM in ANSYS is presented in this paper with the newer type of pump out conduit.

  14. Transcatheter Pulmonary Valve Replacement for Right Ventricular Outflow Tract Conduit Dysfunction After the Ross Procedure

    Gillespie, Matthew J; McElhinney, Doff B; Kreutzer, Jacqueline; Hellenbrand, William E; El-Said, Howaida; Ewert, Peter; Rhodes, John F; Søndergaard, Lars; Jones, Thomas K


    BACKGROUND: Right ventricular outflow tract (RVOT) conduit dysfunction is a limitation of the Ross procedure. Transcatheter pulmonary valve replacement (TPVR) could alter the impact of conduit dysfunction and the risk-benefit balance for the Ross procedure. METHODS: Retrospective review of...... these, 56 (84%) received a Melody valve; in 5 of the 11 patients who did not, the implant was aborted due to concern for coronary artery compression, and 1 implanted patient required emergent surgery for left coronary compression. The RVOT gradient decreased from a median 38 mm Hg to 13.5 mm Hg (p < 0...

  15. Robotic-assisted aortic valve bypass (apicoaortic conduit) for aortic stenosis.

    Gammie, James S; Lehr, Eric J; Griffith, Bartley P; Dawood, Murtaza Y; Bonatti, Johannes


    Aortic valve bypass (AVB [apicoaortic conduit]) surgery consists of the construction of a valved conduit between the left ventricular apex and the descending thoracic aorta. In our institution, AVB is routinely performed without cardiopulmonary bypass or manipulation of the ascending aorta or native aortic valve. We report the case of an 83-year-old man with severe symptomatic bioprosthetic aortic stenosis, chronic thrombocytopenia, and a patent bypass graft who underwent robotically assisted beating-heart AVB through an anterior minithoracotomy. The distal anastomosis was constructed entirely using robotic telemanipulation. Robotic assistance enables the performance of beating-heart AVB through a small incision. PMID:21801931

  16. Havery Mudd 2014-2015 Computer Science Conduit Clinic Final Report

    Aspesi, G [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Bai, J [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Deese, R [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States); Shin, L [Lawrence Livermore National Lab. (LLNL), Livermore, CA (United States)


    Conduit, a new open-source library developed at Lawrence Livermore National Laboratories, provides a C++ application programming interface (API) to describe and access scientific data. Conduit’s primary use is for inmemory data exchange in high performance computing (HPC) applications. Our team tested and improved Conduit to make it more appealing to potential adopters in the HPC community. We extended Conduit’s capabilities by prototyping four libraries: one for parallel communication using MPI, one for I/O functionality, one for aggregating performance data, and one for data visualization.

  17. Pressure distribution along the AGS vacuum chambers with new types of pump out conduits

    Nayak, S. [Brookhaven National Lab. (BNL), Upton, NY (United States); Mapes, M. [Brookhaven National Lab. (BNL), Upton, NY (United States); Smart, L. [Brookhaven National Lab. (BNL), Upton, NY (United States); Weiss, D. [Brookhaven National Lab. (BNL), Upton, NY (United States)


    The AGS HEBT and ring vacuum system is monitored by the discharge current of the magnet ion pumps, which is proportional to the pressure at the inlet port of these ion pumps. The discharge current is measured and suitably calibrated to indicate the ion pump pressure. In order to calculate the vacuum chamber pressure from the ion pump pressure, a detailed analysis is essential to compute their difference in different scenarios. Such analysis has been carried out numerically in the past for the system with the older type of pump out conduits, and similar analysis using FEM in ANSYS is presented in this paper with the newer type of pump out conduit.

  18. Chitosan conduits combined with nerve growth factor microspheres repair facial nerve defects

    Liu, HuaWei; Wen, Weisheng; HU, MIN; Bi, Wenting; CHEN, LIJIE; Liu, Sanxia; Chen, Peng; Tan, Xinying


    Microspheres containing nerve growth factor for sustained release were prepared by a compound method, and implanted into chitosan conduits to repair 10-mm defects on the right buccal branches of the facial nerve in rabbits. In addition, chitosan conduits combined with nerve growth factor or normal saline, as well as autologous nerve, were used as controls. At 90 days post-surgery, the muscular atrophy on the right upper lip was more evident in the nerve growth factor and normal sa-line groups...

  19. Nuclear power: Financing big projects

    Since the early seventies, the Dresdner Bank AG has been intensively engaged in financing nuclear power plants, e.g., the Muelheim-Kaerlich Nuclear Power Station currently down because of legal technicaltities. The bank has also been involved in other large-scale projects in the energy sector and, in addition, has conceptually accompanied the stages of the nuclear fuel cycle, such as enrichment, fuel element fabrication, and reprocessing. However, for political reasons it has not been possible to carry out these projects and finance them in the Federal Republic. With appropriate modifications, these financial models can also be transferred to international projects; after all, the enrichment sector has always been characterized by trilateral ventures. (orig.)

  20. Commodities, energy and environmental finance

    Ludkovski, Michael; Sircar, Ronnie


    This volume is a collection of chapters covering the latest developments in applications of financial mathematics and statistics to topics in energy, commodity financial markets and environmental economics. The research presented is based on the presentations and discussions that took place during the Fields Institute Focus Program on Commodities, Energy and Environmental Finance in August 2013. The authors include applied mathematicians, economists and industry practitioners, providing for a multi-disciplinary spectrum of perspectives on the subject. The volume consists of four sections: Electricity Markets; Real Options; Trading in Commodity Markets; and Oligopolistic Models for Energy Production. Taken together, the chapters give a comprehensive summary of the current state of the art in quantitative analysis of commodities and energy finance. The topics covered include structural models of electricity markets, financialization of commodities, valuation of commodity real options, game-theory analysis of ...

  1. Essays in macro-finance

    Isore, Marlène


    Cette thèse comprend trois articles en macroéconomie financière. L’approche méthodologique commune aux deux premiers est l’application des modèles d’appariement aux marchés financiers. Le troisième contribue à l’étude des événements rares. Le premier article démontre qu’une contagion financière internationale est susceptible d’émerger malgré un régime de taux de change flexible et une substituabilité entre les actifs financiers nationaux et étrangers, contrairement aux résultats standards...

  2. Derivatives in energy project finance

    This chapter focuses on risk management of merchant power generation projects and describes project finance as balancing risk and reward over time. The historical background to risk management is traced, and the case for derivatives in energy project finance is put forward with the hedging of forward output, and forwards and power purchase agreements discussed. Current and prospective usage, and the implementation issues of market liquidity, margin calls, letters of credit, derivative counterparty credit risk, and accounting policy are considered. A detailed example of a gas-fired plant in the US is presented with details given of the distribution of project earnings before tax. Oil field operating cashflows are examined, with reserved flow models, leverage effects, and price hedging addressed

  3. Household finances and social interaction

    Brown, S; Taylor, K.


    In this paper, we investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We explore how social interaction influences the probability of holding different types of unsecured debt and assets, as well as how social interaction influences the levels of unsecured debt, financial assets and net worth held. Our findings suggest that social interaction has a positive influence upon the types of financial assets held, which i...

  4. Conformal symmetry in quantum finance

    The quantum finance symmetries are studied. In order to do this, the one dimensional free non-relativistic particle and its symmetries are revisited and the particle mass is identified as the inverse of square of the volatility. Furthermore, using financial variables, a Schrödinger algebra representation is constructed. In addition, it is shown that the operators of this last representation are not hermitian and not conserved.

  5. Three Essays in Household Finance

    FAGERENG, Andreas


    This thesis contains three chapters relating to the field of household finance. In the first chapter household life cycle investment behaviour is investigated using a panel of Norwegian administrative data and tax records. Dealing with selection and identification issues, the data suggests a double adjustment as people age: a rebalancing of the portfolio away from stocks as households approach retirement, and a peak in stock market participation around the time when they reach retirement. A t...

  6. Essays in macro-finance

    Lopez, Pierlauro; Trojani, Fabio


    This doctoral thesis explores the boundary between macroeconomics and finance by focusing on three questions: (i) the measure of the cost of aggregate uncertainty at different horizons and over time; (ii) the role of nominal rigidities in explaining stock-bond yield comovement; (iii) the role of stock prices in the conduct of monetary policy. The objective is to identify some of the implications of asset pricing models for macroeconomics and of monetary economics for asset pricing.

  7. Investment financing in cooperative firms

    Gaetano Cuomo


    By general agreement, one of the main obstacles to the growth of producer cooperatives is difficult investment financing, due to inadequate Capitalisation levels and the resulting inability to lodge sufficient collateral with lenders. Moreover, worker-owned firms are considered not very reliable because they suffer from problems of moral hazard and insufficient commitment. Unfortunately, the literature on this issue is not extensive and has weaknesses that are highlighted in the paper. By mea...

  8. Introduction to Micro-finance

    Mariam SANGARÉ


    Micro-finance appears today as the most promising tool in the struggle against poverty and banking exclusion. By providing micro-credit, collecting saving and supplying microinsurance, microfinance institutions (MFIs) are renewing the banking activity by practices as innovative as the group lending method. However, the real impacts of the microfinance on target populations are to be confirmed, theirevaluation colliding with numerous difficulties. Nevertheless, the future development of micro-...

  9. Finance Research Productivity and Influence.

    Borokhovich, Kenneth A, et al


    This study examines differences in finance research productivity and influence across 661 academic institutions over the five-year period from 1989 through 1993. The authors find that forty institutions account for over 50 percent of all articles published by sixteen leading journals over the five-year period; sixty-six institutions account for two-thirds of the articles. Influence is more skewed, with as few as twenty institutions accounting for 50 percent of all citations to articles in the...

  10. Random monitoring in financing relationships

    Sami, Hind


    This paper examines a financier's optimal monitoring intensity in a multi-period financing relationship.We identify conditions under which the financier should sometimes misidentify the quality of an entrepreneur. Such an imperfect evaluation technology affects action choices by bad entrepreneurs. We first characterize the optimal monitoring intensity and show that it is one in which the investor monitors entrepreneurs randomly. Random monitoring in the first stage of a relationship induces b...

  11. New Insights into Behavioral Finance

    Baltussen, Guido


    This thesis applies insights from psychology and other behavioral sciences to overcome the shortcomings of the traditional finance approach (which assumes that agents and markets are rational) and improves our understanding of financial markets and its participants. More specific, this thesis provides important new insights into the preferences of investors, their investment decisions, and the behavior of financial markets. The results show that people dislike downside risk and employ decisio...

  12. Equilibrium Corporate Finance and Intermediation

    Bisin, Alberto; Gottardi, Piero; Ruta, Guido


    This paper analyzes a class of competitive economies with production, incomplete financial markets, and agency frictions. Firms take their production, financing, and contractual decisions so as to maximize their value under rational conjectures. We show that competitive equilibria exist and that shareholders always unanimously support firms' choices. In addition, equilibrium allocations have well-defined welfare properties: they are constrained efficient when information is symmetric, or when...

  13. The fight against terrorist financing

    Clunan, Anne L.


    According to a well-informed former participant, the effort to combat terrorists' access to financial resources has been "the most successful part" of the global community's counterterrorism endeavor since the al Qaeda 11 September 2001 attacks on the United States. Genuine success, however, hinges on U.S. ability to successfully frame terrorist financing as a collective action problem, both internally, to overcome interagency rivalries, and internationally, to overcome the benefits of free-...


    Glenn Jenkins; Chun-Yan Kuo


    The conventional treatment by the economic appraisal of investments has been to disregard the particular terms of foreign financing as a benefit or cost. This approach is being called into question as the private provision of public services has become dominated by foreign investors and operators. Many of the BOT and BOO contracts are far from being transparent capital market transaction. This paper contains a methodology for introducing the measurement of extra costs or benefits attributable...

  15. Risk Measures in Quantitative Finance

    Sovan Mitra


    This paper was presented and written for two seminars: a national UK University Risk Conference and a Risk Management industry workshop. The target audience is therefore a cross section of Academics and industry professionals. The current ongoing global credit crunch has highlighted the importance of risk measurement in Finance to companies and regulators alike. Despite risk measurement's central importance to risk management, few papers exist reviewing them or following their evolution from ...

  16. Finance: Economic Lifeblood or Toxin?

    Pagano, Marco


    In the past two decades, academic research has produced massive evidence of the beneficial role of financial development for growth and the allocation of investment. Our current vision, however, is dominated by instances of dysfunctional behavior of financial markets associated with acute and widespread crises. This raises the issue of when and why finance ceases to be the “lifeblood” and turns into a “toxin” for real economic activity. This paper is a first step towards an answer. Its thesis...

  17. Three Essays on International Finance

    Smith, Evan Thomas


    Three Essays on International FinanceEvan SmithChapter 1 of this dissertation uses a more flexible modeling methodology in order to test for time varying coefficients in the classic uncovered interest parity regression. By allowing the coefficients to vary over time, but also sharing information across currencies in a random effects type setup, we get clearer picture of the evolution of UIP in financial markets. We find that the once standard failure of the equilibrium condition is no longer...

  18. Understanding financing options for PACS implementation. Picture archiving and communication systems.

    Reiner, B; Siegel, E


    The acquisition of expensive equipment such as picture archiving and communication systems (PACS) becomes increasingly difficult as capital budgets become tighter. Traditional ownership financing options in the form of direct purchase or financing (loan) have several limitations including technology obsolescence, higher fixed pricing, limited options for equipment disposal, and the need to tie up valuable capital. Alternative financing options, in the form of conventional lease and risk sharing arrangements, offer several theoretical advantages including technology obsolescence protection in the form of built-in upgrades, preservation of borrowing power, multiple end-of-term options, and payment flexibility (which can be directly tied to realized productivity and operational efficiency gains). These options are discussed, with emphasis on the acquisition of PACS. PMID:10843249

  19. Introducing activity-based financing: a review of experience in Australia, Denmark, Norway and Sweden

    Andrew Street; Kirsi Vitikainen; Afsaneh Bjorvatn; Anne Hvenegaard


    We review and evaluate the international literature on activity-based funding of health services, focussing especially on experience in Australia (Victoria), Denmark, Norway and Sweden. In evaluating this literature we summarise the differences and pros and cons of three different funding arrangements, namely cost-based reimbursement, global budgeting and activity-based financing. The institutional structures of the four jurisdictions that are the main focus of the review are described, and a...

  20. 21 CFR 26.64 - Transitional arrangements.



  1. 78 FR 76600 - Proposed Subsequent Arrangement


    ... ] worldwide, non-proliferation, and the sustainable development of nuclear power; WISHING to facilitate... Implementing Arrangement will permit the exchange and joint development of Traveling Wave Reactor (TWR) design... Republic of China (China) that would facilitate the joint development of TWR technology between a...

  2. Nuclear power plant with loop arrangement

    The pumps and intermediate heat exchangers of the primary circuit of the SNR are situated together or separately in component containers, which are arranged around the reactor pit. The connections are provided by partly elastic pipelines, which run radially in the reactor pit and tangentially to the component containers. A four loop design can be produced. (DG)

  3. Canister arrangement for storing radioactive waste

    Lorenzo, Donald K. (Knoxville, TN); Van Cleve, Jr., John E. (Kingston, TN)


    The subject invention relates to a canister arrangement for jointly storing high level radioactive chemical waste and metallic waste resulting from the reprocessing of nuclear reactor fuel elements. A cylindrical steel canister is provided with an elongated centrally disposed billet of the metallic waste and the chemical waste in vitreous form is disposed in the annulus surrounding the billet.

  4. Arranging a Library to Support Adolescent Development

    Cesari, Lindsay


    When designing a school library space and deciding how to arrange resources, it is important to consider multiple components of adolescent development, including social, emotional, and behavioral aspects. Acknowledging these developmental facets and their importance can provide additional justification for some of the more controversial aspects of…

  5. Combinatorial symmetry of line arrangements and applications

    Amram, Meirav; Cohen, Moshe; Sun, Hao; Teicher, Mina; YE, FEI; Zarkh, Anna


    We introduce an algorithm that exploits a combinatorial symmetry of an arrangement in order to produce a geometric reflection between two disconnected components of its moduli space. We apply this method to disqualify three real examples found in previous work by the authors from being Zariski pairs. Robustness is shown by its application to complex cases, as well.

  6. 78 FR 40735 - Proposed Subsequent Arrangement


    ... authority of section 131a. of the Atomic Energy Act of 1954, as amended. The Department is providing notice... the European Atomic Energy Community. DATES: This subsequent arrangement will take effect no sooner... license XSOU8798. In accordance with section 131a. of the Atomic Energy Act of 1954, as amended, it...

  7. 77 FR 53876 - Proposed Subsequent Arrangement


    ... authority of section 131a. of the Atomic Energy Act of 1954, as amended. The Department is providing notice... the European Atomic Energy Community. DATES: This subsequent arrangement will take effect no sooner... section 131a. of the Atomic Energy Act of 1954, as amended, it has been determined that this...

  8. Arrangements for responding to nuclear emergencies

    This publication describes the current arrangements for minimising the effects on the general public of a nuclear accident in the United Kingdom. It replaces an earlier version published in 1990 (Arrangements for responding to nuclear emergencies, HMSO, ISBN 0 11 885525 5) and provides updated information on the emergency plans for accidents occurring at fixed nuclear installations and associated transport activities, which might result in the release of radioactivity. These plans are prepared by the operators and organisations likely to be involved in dealing with any emergency within the general framework described in this booklet. They provide for any action which may be necessary, either on or off the nuclear site, to protect members of the public. There are regular exercises during which the plans and arrangements are tested. The main change since the publication of the earlier version is the introduction of revised arrangements for coordination and control of the off-site emergency response at sites in England and Wales operated by Nuclear Electric. In addition, the previous version has been amended to incorporate a large number of minor organisational and operational changes. (author)

  9. 12 CFR 987.2 - Law governing rights and obligations of Banks, Finance Board, Office of Finance, United States...


    ..., Finance Board, Office of Finance, United States and Federal Reserve Banks; rights of any Person against Banks, Finance Board, Office of Finance, United States and Federal Reserve Banks. 987.2 Section 987.2 Banks and Banking FEDERAL HOUSING FINANCE BOARD OFFICE OF FINANCE BOOK-ENTRY PROCEDURE FOR...

  10. Development of high strength austenitic stainless steel for conduit of Nb3Al conductor

    Japan Atomic Energy Research Institute (JAERI) started developing new austenitic stainless steel for a conduit (1 - 2 mm) of a Nb3Al conductor in collaboration with Nippon Steel Corporation (NSC). A high strength austenitic stainless steel is required for a conduit of a Nb3Al conductor to make the best use of superconducting properties of a Nb3Al conductor. JAERI and NSC successfully developed the high strength austenitic stainless steel, JN1 (YS ? 1,300 MPa, KIc ? 200 MPa?m at 4K) for magnet structures having thick section. However, JN1 is not suitable for a conduit material because elongation of JN1 decreases to less than 10 % due to sensitization during reaction heat treatment for Nb3Al. Therefore, modification of JN1 was performed as a first step to develop a new conduit material which withstands Nb3Al reaction heating. Small trial lots heat-treated at 973 - 1173 K for 2 - 200 hours were prepared and evaluated by Charpy impact test and tensile test at 77 K and 4K. A material having yield strength of 1,390 MPa and elongation of 34 % after aging at 973 K x 200 h are developed up to now. This paper describes requirements on the mechanical properties and status of the development work. In addition, empirical equations to predict 4K yield strength, elongation, and Charpy absorbed energy from 77K data are proposed in this paper

  11. Transient and asymptotic dispersion in confined sphere packings with cylindrical and non-cylindrical conduit geometries.

    Khirevich, Siarhei; Hltzel, Alexandra; Tallarek, Ulrich


    We study the time and length scales of hydrodynamic dispersion in confined monodisperse sphere packings as a function of the conduit geometry. By a modified Jodrey-Tory algorithm, we generated packings at a bed porosity (interstitial void fraction) of ?=0.40 in conduits with circular, rectangular, or semicircular cross section of area 100?d(p)(2) (where d(p) is the sphere diameter) and dimensions of about 20d(p) (cylinder diameter) by 6553.6d(p) (length), 25d(p) by 12.5d(p) (rectangle sides) by 8192d(p) or 14.1d(p) (radius of semicircle) by 8192d(p), respectively. The fluid-flow velocity field in the generated packings was calculated by the lattice Boltzmann method for Pclet numbers of up to 500, and convective-diffusive mass transport of 410(6) inert tracers was modelled with a random-walk particle-tracking technique. We present lateral porosity and velocity distributions for all packings and monitor the time evolution of longitudinal dispersion up to the asymptotic (long-time) limit. The characteristic length scales for asymptotic behaviour are explained from the symmetry of each conduit's velocity field. Finally, we quantify the influence of the confinement and of a specific conduit geometry on the velocity dependence of the asymptotic dispersion coefficients. PMID:21576163

  12. Support and positioning conduit for measuring instruments in a nuclear reactor core

    The external tubular casing of the measure conduit has many tubular sections machined to receive probes. These tubular sections are connected by flexible sections. An open final flexible section with apertures in its lateral wall put the casing in equipression with the primary water

  13. 76 FR 53678 - Calleguas Municipal Water District Notice of Surrender of Exemption (Conduit)


    ... Federal Energy Regulatory Commission Calleguas Municipal Water District Notice of Surrender of Exemption (Conduit) Pursuant to section 4.95(a) of the Commission's regulations,\\1\\ Calleguas Municipal Water... exemption for Project No. 11651 on June 7, 1999. Calleguas Municipal Water District, 87 FERC ] 62,256...

  14. 78 FR 63176 - Notice of Preliminary Determination of a Qualifying Conduit Hydropower Facility and Soliciting...


    ... Energy Regulatory Commission Notice of Preliminary Determination of a Qualifying Conduit Hydropower... hydropower facility, pursuant to section 30 of the Federal Power Act, as amended by section 4 of the Hydropower Regulatory Efficiency Act of 2013 (HREA). The 22 kW Orchard City Water Treatment...

  15. Percutaneous transthoracic computed tomography-guided AICD insertion in a patient with extracardiac Fontan conduit.

    Murphy, Darra T


    Percutaneous pulmonary venous atrial puncture was performed under computed tomography guidance to successfully place an automated implantable cardiac defibrillator into a 26-year-old patient with extracardiac Fontan conduit who had presented with two out-of-hospital cardiac arrests. The procedure avoided the need for lead placement at thoracotomy.

  16. Nerve growth factor released from a novel PLGA nerve conduit can improve axon growth

    Lin, Keng-Min; Shea, Jill; Gale, Bruce K.; Sant, Himanshu; Larrabee, Patti; Agarwal, Jay


    Nerve injury can occur due to penetrating wounds, compression, traumatic stretch, and cold exposure. Despite prompt repair, outcomes are dismal. In an attempt to help resolve this challenge, in this work, a poly-lactic-co-glycolic acid (PLGA) nerve conduit with associated biodegradable drug reservoir was designed, fabricated, and tested. Unlike current nerve conduits, this device is capable of fitting various clinical scenarios by delivering different drugs without reengineering the whole system. To demonstrate the potential of this device for nerve repair, a series of experiments were performed using nerve growth factor (NGF). First, an NGF dosage curve was developed to determine the minimum NGF concentration for optimal axonal outgrowth on chick dorsal root ganglia (DRG) cells. Next, PLGA devices loaded with NGF were evaluated for sustained drug release and axon growth enhancement with the released drug. A 20 d in vitro release test was conducted and the nerve conduit showed the ability to meet and maintain the minimum NGF requirement determined previously. Bioactivity assays of the released NGF showed that drug released from the device between the 15th and 20th day could still promote axon growth (76.6-95.7 μm) in chick DRG cells, which is in the range of maximum growth. These novel drug delivery conduits show the ability to deliver NGF at a dosage that efficiently promotes ex vivo axon growth and have the potential for in vivo application to help bridge peripheral nerve gaps.

  17. Modifications to the Conduit Flow Process Mode 2 for MODFLOW-2005.

    Reimann, Thomas; Birk, Steffen; Rehrl, Christoph; Shoemaker, W Barclay


    As a result of rock dissolution processes, karst aquifers exhibit highly conductive features such as caves and conduits. Within these structures, groundwater flow can become turbulent and therefore be described by nonlinear gradient functions. Some numerical groundwater flow models explicitly account for pipe hydraulics by coupling the continuum model with a pipe network that represents the conduit system. In contrast, the Conduit Flow Process Mode 2 (CFPM2) for MODFLOW-2005 approximates turbulent flow by reducing the hydraulic conductivity within the existing linear head gradient of the MODFLOW continuum model. This approach reduces the practical as well as numerical efforts for simulating turbulence. The original formulation was for large pore aquifers where the onset of turbulence is at low Reynolds numbers (1 to 100) and not for conduits or pipes. In addition, the existing code requires multiple time steps for convergence due to iterative adjustment of the hydraulic conductivity. Modifications to the existing CFPM2 were made by implementing a generalized power function with a user-defined exponent. This allows for matching turbulence in porous media or pipes and eliminates the time steps required for iterative adjustment of hydraulic conductivity. The modified CFPM2 successfully replicated simple benchmark test problems. PMID:21371024

  18. Comparison of divided sciatic nerve growth within dermis, venous and nerve graft conduit in rat

    Fatemi, Mohammad Javad; Foroutan, Kamal Seyed; Ashtiani, Abass Kazemi; Mansoori, Maryam Jafari; Vaghardoost, Reza; Pedram, Sepehr; Hosseinpolli, Aidin; Rajabi, Fatemeh; Mousavi, Seyed Jaber


    BACKGROUND: Considering the common origin of skin and peripheral nervous system, a tube of dermal layer of skin hypothetically can be an ideal conduit for nerve reconstruction. An experimental study performed to evaluate the nerve regeneration of efficacy into a dermal tube. METHODS: Sixty male Wistar rats were used. A 10 mm gap was produced in right sciatic nerves. In group A the autogenous nerve grafts were used to bridge the defects. In group B vein conduit were use to reconstruct the gaps. In group C dermal tube were used to bridge the defects. Morphologic studies were carried out after 3 month. RESULTS: The density of nerve fibers was significantly higher in autogenous nerve graft group. The efficacy of nerve growth into the dermal tube group was significantly poor in comparison to other groups. CONCLUSIONS: In the present study, dermis was used as the nerve conduit for the first time. This study indicates that the dermal tube is not a suitable conduit for nerve regeneration till further studies to resolve the problems before clinical application. PMID:21526083

  19. Not all free arrangements are $K(\\pi,1)$

    Edelman, Paul H.; Reiner, Victor


    We produce a one-parameter family of hyperplane arrangements that are counterexamples to the conjecture of Saito that the complexified complement of a free arrangement is $K(\\pi,1)$. These arrangements are the restriction of a one-parameter family of arrangements that arose in the study of tilings of certain centrally symmetric octagons. This other family is discussed as well.




    Full Text Available Le suivi de la migration catadrome de l’anguille par une conduite de débit réservé a été réalisé sur le barrage de la retenue de Bois Joli sur le Frémur (dénivelé : 13,7 m ; 3 millions de m3. Une partie des migrateurs utilise cette conduite, au début de la saison de dévalaison quand elle représente la seule voie de transit mais également plus tard, lorsque le barrage déverse et que s’ouvre ainsi une seconde voie de passage. En raison des faibles débits d’alimentation et de l’implantation de l’entrée de la conduite on peut supposer que les anguilles prospectent la retenue pour trouver une voie de transit. L’efficacité de l’équipement, qui s’établit à 12 % de la dévalaison totale, concourt donc pour une part non négligeable au transit des anguilles. La partition des débits entre les différentes voies de migration semblerait essentielle pour définir leur efficacité. Malgré l’aménagement de la conduite, on observe une mortalité de 11 % des anguilles qui l’empruntent. Elle semble essentiellement liée à l’abrasion contre les parois et le papillon de la vanne. Dans de nombreux cas, la mortalité lors du passage dans les conduites de débit réservé doit être très importante, voire totale en raison de leur configuration et de leur mode de gestion. Cette mortalité tend à réduire le nombre des géniteurs produit par le bassin versant. Les anguilles marquées qui ont franchi le barrage grâce à la conduite avant le pic de migration stoppent leur progression en aval. Elles la reprennent quelques semaines plus tard quand le barrage déverse ou l’année suivante. Ce second constat confirme les effets des retenues sur la vitesse de migration. L’utilisation des conduites de débit réservé par les anguilles d’avalaison devrait être prise en compte lors de leur conception et de leur gestion afin de réduire les risques de mortalité.

  1. Child Care Arrangements Of Working Mothers

    Singh H


    Full Text Available Children arrangements for infants and preschool children and the reasons for working outside the home were studied in 300 mothers of whom 100 were teachers (Group. I 100 clerks (groups II and 100 tabourers (Group III. The interview method was used. The most common (80% reason for working was financial needs, the next most frequent was utilization of specialized skills. In 58.7% of the cases, substitute childcare was provided by one of the family members, usually the grandmother. Sixty six percent of caretakers were illiterate. Most (93% of the working mothers had also to perform certain household chores. Bottle-feeding was stated at birth by 80% of these mothers: Childcare arrangements for children of working mothers must be considered in the future.

  2. Co-Management Arrangements in Orthopedic Surgery.

    Bushnell, Brandon D


    A co-management arrangement (CMA) is a contractual relationship between physicians and a hospital that results in a shared-responsibility management structure for a specific service line. In orthopedic surgery, CMAs are becoming increasingly popular as stakeholders in the health care market seek increased value (ie, higher-quality care at lower costs). A CMA can significantly improve the efficiency and the outcomes of a musculoskeletal service line if it adheres to the basic principles of a focus on the patient, evidence-based decision-making, physician leadership, appropriate physician compensation, transparency, reasonable and modifiable goals, and accountability. While the specifics of each CMA will vary, all CMAs have common operational elements that include the arrangement's legal structure, legal compliance, leadership and reporting structure, facilities management, personnel management, clinical data management, financial data management, and quality and effectiveness reporting. PMID:26047000

  3. MOX fuel arrangement for nuclear core

    In order to use up a stockpile of weapons-grade plutonium, the plutonium is converted into a mixed oxide (MOX) fuel form wherein it can be disposed in a plurality of different fuel assembly types. Depending on the equilibrium cycle that is required, a predetermined number of one or more of the fuel assembly types are selected and arranged in the core of the reactor in accordance with a selected loading schedule. Each of the fuel assemblies is designed to produce different combustion characteristics whereby the appropriate selection and disposition in the core enables the resulting equilibrium cycle to closely resemble that which is produced using urania fuel. The arrangement of the MOX rods and burnable absorber rods within each of the fuel assemblies, in combination with a selective control of the amount of plutonium which is contained in each of the MOX rods, is used to tailor the combustion characteristics of the assembly. 38 figs

  4. The making of local hospital discharge arrangements

    Burau, Viola; Bro, Flemming


    for patients with prostate cancer in two hospitals in Denmark. This represents a typical case that involves changes in professional practice without being first and foremost a professional project. The multiple case design also makes the findings more robust. The analysis draws from 12 focus groups......Background Timely discharge is a key component of contemporary hospital governance and raises questions about how to move to more explicit discharge arrangements. Although associated organisational changes closely intersect with professional interests, there are relatively few studies in the...... literature on hospital discharge that explicitly examine the role of professional groups. Recent contributions to the literature on organisational studies of the professions help to specify how professional groups in hospitals contribute to the introduction and routinisation of discharge arrangements. This...

  5. Flood risk governance arrangements in Europe

    Matczak, P.; J. Lewandowski; Choryński, A.; Szwed, M.; Z. W. Kundzewicz


    The STAR-FLOOD (Strengthening and Redesigning European Flood Risk Practices Towards Appropriate and Resilient Flood Risk Governance Arrangements) project, funded by the European Commission, investigates strategies for dealing with flood risk in six European countries: Belgium, the UK, France, the Netherlands, Poland and Sweden and in 18 vulnerable urban regions in these countries. The project aims to describe, analyse, explain, and evaluate the main similarities and differen...

  6. Child Care Arrangements Of Working Mothers

    Singh H; Raizada N; Soni R.K; Gill P J S


    Children arrangements for infants and preschool children and the reasons for working outside the home were studied in 300 mothers of whom 100 were teachers (Group. I) 100 clerks (groups II) and 100 tabourers (Group III). The interview method was used. The most common (80%) reason for working was financial needs, the next most frequent was utilization of specialized skills. In 58.7% of the cases, substitute childcare was provided by one of the family members, usually the grandmot...

  7. Electrode arrangement effect on natural convection

    Numerical and experimental studies of the electrohydrodynamic effect on natural convection in an enclosure are investigated. The governing equations of electric field, flow field and temperature field are also represented. It is found that the flow pattern is affected by the supplied voltage at the wire electrodes. Augmented heat transfer increases at low Rayleigh number and high number of electrodes. The uniform electrode arrangement along an enclosure provides maximum heat transfer when the number of electrodes is fixed

  8. Valve Technology Arrangement of Cryopump: A Review

    Sanjiv Y. Rajput


    A cryopump or a "cryogenic pump" is a vacuum pump that pumps the trap gases and vapours by condensing them on a cold surface. Helium gas which is very light can only be pumped by Cryopump. Cryopump cannot be used when working for continuous operation as it pumps the effluent till the saturation state is achieved. Then the absorbed gases are to be collected through other mechanical pump through regeneration process. Hence, valve technology arrangement is incorporated with the c...

  9. Multinational arrangements for the nuclear fuel cycle

    This paper contains the findings of a study intended to identify and assess politically realistic means of adapting or developing multinational arrangements for the ownership, control or management of nuclear fuel cycle facilities, in a manner calculated to reflect generally acceptable global standards while addressing specific national and regional circumstances, with the aim of reducing or restricting both the probability and the fear of nuclear proliferation arising from the civil exploitation of nuclear energy. (author)

  10. Broken circuit complexes and hyperplane arrangements

    Van Dinh, Le; Roemer, Tim


    We study Stanley-Reisner ideals of broken circuits complexes and characterize those ones admitting a linear resolution or being complete intersections. These results will then be used to characterize arrangements whose Orlik-Terao ideal has the same properties. As an application, we improve a result of Wilf on upper bounds for the coefficients of the chromatic polynomial of a maximal planar graph. We also show that for an ordered matroid with disjoint minimal broken circuits, the supersolvabi...

  11. Numerical investigation of temporal changes in volcanic deformation caused by a gas slug ascent in the conduit

    Kawaguchi, Ryohei; Nishimura, Takeshi


    Strombolian type eruptions are considered to be generated by a sudden release of a large gas slug that migrates upward in the conduit filled with a low viscous basaltic magma. We examine volcano deformations caused by such a gas slug to understand the Strombolian eruption mechanism from geodetic observation data. We model spatio-temporal pressure changes in the conduit by using a gas slug ascent model presented by James et al. (2008). As a gas slug ascends in the conduit, its volume expands because of depressurization. Hence, the magma head lifts up in the conduit and the upper part of the conduit wall is stressed. In the conduit, magma pressure increases with depth according to the bulk density of magma: the gas slug part with a low density is characterized by a small pressure gradient, while the other parts, consisting of melt, are characterized by a large pressure gradient. We numerically calculate volcano deformations caused by the spatio-temporal changes of magma pressure predicted from the basic equations representing gas slug locations in the conduit. Simulation results show that the radial and vertical displacements and tilt changes indicate volcano deformations that represent the inflation originating from the stress increase at the upper part of conduit. As the gas slug reaches the shallow part of conduit, the rate of inflation observed in the radial displacement decreases, the vertical displacement starts to move downward, and the tilt turns to show down toward the crater. These deflation signals are caused by a moving deflation source in the conduit that is formed beneath the gas slug. Since these predicted features are not observed in the tilt records associated with explosions at Stromboli volcano (Genco and Ripepe, 2010), it is necessary to modify the gas slug ascent model or to introduce other mechanisms to better understand the magma dynamics of Strombolian eruption.

  12. Modeling Solute Reactivity in a Phreatic Solution Conduit Penetrating a Karst Aquifer

    Field, M.


    A two-dimensional model for solute migration, transformation, and sorption in a phreatic solution conduit penetrating a karst aquifer is presented in which the solute is anthropogenic to the natural system. Transformation of a reacting solute in a solution conduit has generally been accepted as likely occurring but actual physical measurements and mathematical analyses of the suspected process are lacking, primarily because of the logistics of sample collection and the complexities associated with solute transport through solution conduits. The model demonstrates how a reacting solute might be converted to a product solute some of which then diffuses to the solution conduit wall where it may become adsorbed. Model effects vary for laminar flow and turbulent flow in the axial direction. Laminar and turbulent diffusion in the radial direction also exhibits marked differences. In addition to single reaction zones simulations considered multiple adjacent and nonadjacent reaction zones, both with varying reaction rates. Reaction zones were found to enhance subsequent reactions due to some overlap resulting from the hydrodynamic dispersion caused by the axial flow. The simulations showed that varying the reaction rate coefficient strongly affects solute reactions, but that varying deposition coefficients had only minimal impacts. Application of the model to a tracer test that used the tracer dye, Rhodamine WT which readily converts to deaminoalkylated Rhodamine WT after release, illustrates how the model may be used to suggest a possible cause for less than 100% tracer mass recovery. In terms of pollutants in a karst aquifer the model suggests a possible explanation for pollutant transformation in a solution conduit.

  13. Welding of pyroclastic conduit infill: A mechanism for cyclical explosive eruptions

    Kolzenburg, S.; Russell, J. K.


    Vulcanian-style eruptions are small- to moderate-sized, singular to cyclical events commonly having volcanic explosivity indices of 1-3. They produce pyroclastic flows, disperse tephra over considerable areas, and can occur as precursors to larger (e.g., Plinian) eruptions. The fallout deposits of the 2360 B.P. eruption of Mount Meager, BC, Canada, contain bread-crusted blocks of welded breccia as accessory lithics. They display a range of compaction/welding intensity and provide a remarkable opportunity to constrain the nature and timescales of mechanical processes operating within explosive volcanic conduits during repose periods between eruptive cycles. We address the deformation and porosity/permeability reduction within natural pyroclastic deposits infilling volcanic conduits. We measure the porosity, permeability, and ultrasonic wave velocities for a suite of samples and quantify the strain recorded by pumice clasts. We explore the correlations between the physical properties and deformation fabric. Based on these correlations, we reconstruct the deformation history within the conduit, model the permeability reduction timescales, and outline the implications for the repressurization of the volcanic conduit. Our results highlight a profound directionality in the measured physical properties of these samples related to the deformation-induced fabric. Gas permeability varies drastically with increasing strain and decreasing porosity along the compaction direction of the fabric but varies little along the elongation direction of the fabric. The deformation fabric records a combination of compaction within the conduit and postcompaction stretching associated with subsequent eruption. Model timescales of these processes are in good agreement with repose periods of cyclic vulcanian eruptions.

  14. Fabrication of Off-the-Shelf Multilumen Poly(Ethylene Glycol) Nerve Guidance Conduits Using Stereolithography.

    Arcaute, Karina; Mann, Brenda K; Wicker, Ryan B


    A manufacturing process for fabricating off-the-shelf multilumen poly(ethylene glycol) (PEG)-based nerve guidance conduits (NGCs) was developed that included the use of stereolithography (SL). A rapid fabrication strategy for complex 3D scaffolds incorporated postprocessing with lyophilization and sterilization to preserve the scaffold, creating an implantable product with improved suturability. SL is easily adaptable to changes in scaffold design, is compatible with various materials and cells, and can be expanded for mass manufacture. The fabricated conduits were characterized using optical and scanning electron microscopy, and measurements of swelling ratio, dimensional swelling factor, resistance to compression, and coefficient of friction were performed. Water absorption curves showed that the conduits after lyophilization and sterilization return easily and rapidly to a swollen state when placed in an aqueous solution, successfully maintaining their original overall structure as required for implantation. Postprocessed conduits at the swollen state were less slippery and therefore easier to handle than those without postprocessing. Suture pullout experiments showed that NGCs fabricated with a higher concentration of PEG were better able to resist suture pullout. NGCs having a multilumen design demonstrated a better resistance to compression than a single-lumen design with an equivalent surface area, as well as a greater force required to collapse the design. Conduits fabricated with a higher PEG concentration were shown to have compressive resistances comparable to those of commercially available NGCs. The use of SL with PEG and the manufacturing process developed here shows promise for improving the current state of the art in peripheral nerve repair strategies. PMID:20673135

  15. Tile drainage as karst: Conduit flow and diffuse flow in a tile-drained watershed

    Schilling, Keith E.; Helmers, Matthew


    SummaryThe similarity of tiled-drained watersheds to karst drainage basins can be used to improve understanding of watershed-scale nutrient losses from subsurface tile drainage networks. In this study, short-term variations in discharge and chemistry were examined from a tile outlet collecting subsurface tile flow from a 963 ha agricultural watershed. Study objectives were to apply analytical techniques from karst springs to tile discharge to evaluate water sources and estimate the loads of agricultural pollutants discharged from the tile with conduit, intermediate and diffuse flow regimes. A two-member mixing model using nitrate, chloride and specific conductance was used to distinguish rainwater versus groundwater inputs. Results indicated that groundwater comprised 75% of the discharge for a three-day storm period and rainwater was primarily concentrated during the hydrograph peak. A contrasting pattern of solute concentrations and export loads was observed in tile flow. During base flow periods, tile flow consisted of diffuse flow from groundwater sources and contained elevated levels of nitrate, chloride and specific conductance. During storm events, suspended solids and pollutants adhered to soil surfaces (phosphorus, ammonium and organic nitrogen) were concentrated and discharged during the rapid, conduit flow portion of the hydrograph. During a three-day period, conduit flow occurred for 5.6% of the time but accounted for 16.5% of the total flow. Nitrate and chloride were delivered primarily with diffuse flow (more than 70%), whereas 80-94% of total suspended sediment, phosphorus and ammonium were exported with conduit and intermediate flow regimes. Understanding the water sources contributing to tile drainage and the manner by which pollutant discharge occurs from these systems (conduit, intermediate or diffuse flow) may be useful for designing, implementing and evaluating non-point source reduction strategies in tile-drained landscapes.

  16. Flowmeter for determining average rate of flow of liquid in a conduit

    Kennerly, John M. (Knoxville, TN); Lindner, Gordon M. (Oak Ridge, TN); Rowe, John C. (Oak Ridge, TN)


    This invention is a compact, precise, and relatively simple device for use in determining the average rate of flow of a liquid through a conduit. The liquid may be turbulent and contain bubbles of gas. In a preferred embodiment, the flowmeter includes an electrical circuit and a flow vessel which is connected as a segment of the conduit conveying the liquid. The vessel is provided with a valved outlet and is partitioned by a vertical baffle into coaxial chambers whose upper regions are vented to permit the escape of gas. The inner chamber receives turbulent downflowing liquid from the conduit and is sized to operate at a lower pressure than the conduit, thus promoting evolution of gas from the liquid. Lower zones of the two chambers are interconnected so that the downflowing liquid establishes liquid levels in both chambers. The liquid level in the outer chamber is comparatively calm, being to a large extent isolated from the turbulence in the inner chamber once the liquid in the outer chamber has risen above the liquid-introduction zone for that chamber. Lower and upper probes are provided in the outer chamber for sensing the liquid level therein at points above its liquid-introduction zone. An electrical circuit is connected to the probes to display the time required for the liquid level in the outer chamber to successively contact the lower and upper probes. The average rate of flow through the conduit can be determined from the above-mentioned time and the vessel volume filled by the liquid during that time.

  17. Recurring part arrangements in shape collections

    Zheng, Youyi


    Extracting semantically related parts across models remains challenging, especially without supervision. The common approach is to co-analyze a model collection, while assuming the existence of descriptive geometric features that can directly identify related parts. In the presence of large shape variations, common geometric features, however, are no longer sufficiently descriptive. In this paper, we explore an indirect top-down approach, where instead of part geometry, part arrangements extracted from each model are compared. The key observation is that while a direct comparison of part geometry can be ambiguous, part arrangements, being higher level structures, remain consistent, and hence can be used to discover latent commonalities among semantically related shapes. We show that our indirect analysis leads to the detection of recurring arrangements of parts, which are otherwise difficult to discover in a direct unsupervised setting. We evaluate our algorithm on ground truth datasets and report advantages over geometric similarity-based bottom-up co-segmentation algorithms. © 2014 The Author(s) Computer Graphics Forum © 2014 The Eurographics Association and John Wiley & Sons Ltd. Published by John Wiley & Sons Ltd.

  18. Frequency Arrangement For 700 MHz Band

    Ancans G.


    Full Text Available The 694-790 MHz (700 MHz band was allocated by the 2012 World Radiocommunication Conference (WRC-12 in ITU Region 1 (Europe included, to the mobile service on a co-primary basis with other services to which this band was allocated on the primary basis and identified for the International Mobile Telecommunications (IMT. At the same time, the countries of Region 1 will be able also to continue using these frequencies for their broadcasting services if necessary. This allocation will be effective immediately after 2015 World Radiocommunication Conference (WRC-15. In order to make the best possible use of this frequency band for mobile service, a worldwide harmonized frequency arrangement is to be prepared to allow for large economies of scale and international roaming as well as utilizing the available spectrum in the best possible way, minimizing possible interference between services, facilitating deployment and cross-border coordination. The authors analyze different possible frequency arrangements and conclude on the frequency arrangement most suitable for Europe.

  19. Alternative transportation fuels: Financing issues

    A multitude of alternative fuels could reduce air pollution and the impact of oil price shocks. Only a few of these fuels are readily available and inexpensive enough to merit serious consideration over the coming five years. In New York City, safety regulations narrow the field still further by eliminating propane. As a result, this study focuses on the three alternative fuels readily available in New York City: compressed natural gas, methanol, and electricity. Each has significant environmental benefits and each has different cost characteristics. With the Clean Air Act and the National Energy Strategy highlighting the country's need to improve urban air quality and move away from dependence on imported fuels, fleets may soon have little choice but to convert to altemative fuels. Given the potential for large infrastructure and vehicle costs, these fleets may have difficulty finding the capital to make that conversion. Ultimately, then, it will be the involvement of the private sector that will determine the success of alternative fuels. Whether it be utilities, fuel distributors or suppliers, private financing partners or others, it is critical that altemative fuels programs be structured and planned to attract their involvement. This report examines financing methods that do not involve government subsidies. It also explores financing methods that are specific to alternative fuels. Bond issues and other mechanisms that are used for conventional vehicles are not touched upon in this report. This report explores ways to spread the high cost of alternative fuels among a number of parties within the private sector. The emphasis is on structuring partnerships that suit methanol, electric, or natural gas vehicle fleets. Through these partnerships, alternative fuels may ultimately compete effectively against conventional vehicle fuels

  20. New directions in electric power financing

    This paper argues that it is necessary to raise the eyes from the current focus on independent power projects, buttressed by guarantees, to the longer horizon of electric power financing in open markets. Transitional strategies will need to move beyond the commonly seen IPP activity that occurs without fundamental sector reform, and demand-side incentives that introduce further market distortions. These efforts will have to focus on macroeconomic stabilization, removal of price distortions, as well as sector and corporate reform. Mobilization of domestic capital will be essential for sustainable sector financing. Although guarantees to encourage power sector investment can be designed to selectively cover risks, their elimination through fundamental sector reform should be the ultimate goal. Over the longer-term traditional corporate finance should become a more common financing strategy than project finance. Innovations in performance risk management and consumer credit will be crucial to the financing of energy efficiency. (author)