WorldWideScience

Sample records for asset management

  1. Efficiently Inefficient Markets for Assets and Assets Management

    DEFF Research Database (Denmark)

    Garleanu, Nicolae; Heje Pedersen, Lasse

    We consider a model where investors can invest directly or search for an asset manager, information about assets is costly, and managers charge an endogenous fee. The efficiency of asset prices is linked to the efficiency of the asset management market: if investors can find managers more easily......, more money is allocated to active management, fees are lower, and asset prices are more efficient. Informed managers outperform after fees, uninformed managers underperform after fees, and the net performance of the average manager depends on the number of "noise allocators." Finally, we show why large...

  2. 24 CFR 990.270 - Asset management.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Asset management. 990.270 Section... THE PUBLIC HOUSING OPERATING FUND PROGRAM Asset Management § 990.270 Asset management. As owners, PHAs have asset management responsibilities that are above and beyond property management activities....

  3. Steam generator asset management: integrating technology and asset management

    Energy Technology Data Exchange (ETDEWEB)

    Shoemaker, P.; Cislo, D. [AREVA NP Inc., Lynchburg, Virginia (United States)]. E-mail: paul.shoemaker@areva.com

    2006-07-01

    Asset Management is an established but often misunderstood discipline that is gaining momentum within the nuclear generation industry. The global impetus behind the movement toward asset management is sustainability. The discipline of asset management is based upon three fundamental aspects; key performance indicators (KPI), activity-based cost accounting, and cost benefits/risk analysis. The technology associated with these three aspects is fairly well-developed, in all but the most critical area; cost benefits/risk analysis. There are software programs that calculate, trend, and display key-performance indicators to ensure high-level visibility. Activity-based costing is a little more difficult; requiring a consensus on the definition of what comprises an activity and then adjusting cost accounting systems to track. In the United States, the Nuclear Energy Institute's Standard Nuclear Process Model (SNPM) serves as the basis for activity-based costing. As a result, the software industry has quickly adapted to develop tracking systems that include the SNPM structure. Both the KPI's and the activity-based cost accounting feed the cost benefits/risk analysis to allow for continuous improvement and task optimization; the goal of asset management. In the case where the benefits and risks are clearly understood and defined, there has been much progress in applying technology for continuous improvement. Within the nuclear generation industry, more specialized and unique software systems have been developed for active components, such as pumps and motors. Active components lend themselves well to the application of asset management techniques because failure rates can be established, which serves as the basis to quantify risk in the cost-benefits/risk analysis. A key issue with respect to asset management technologies is only now being understood and addressed, that is how to manage passive components. Passive components, such as nuclear steam generators

  4. Steam generator asset management: integrating technology and asset management

    International Nuclear Information System (INIS)

    Asset Management is an established but often misunderstood discipline that is gaining momentum within the nuclear generation industry. The global impetus behind the movement toward asset management is sustainability. The discipline of asset management is based upon three fundamental aspects; key performance indicators (KPI), activity-based cost accounting, and cost benefits/risk analysis. The technology associated with these three aspects is fairly well-developed, in all but the most critical area; cost benefits/risk analysis. There are software programs that calculate, trend, and display key-performance indicators to ensure high-level visibility. Activity-based costing is a little more difficult; requiring a consensus on the definition of what comprises an activity and then adjusting cost accounting systems to track. In the United States, the Nuclear Energy Institute's Standard Nuclear Process Model (SNPM) serves as the basis for activity-based costing. As a result, the software industry has quickly adapted to develop tracking systems that include the SNPM structure. Both the KPI's and the activity-based cost accounting feed the cost benefits/risk analysis to allow for continuous improvement and task optimization; the goal of asset management. In the case where the benefits and risks are clearly understood and defined, there has been much progress in applying technology for continuous improvement. Within the nuclear generation industry, more specialized and unique software systems have been developed for active components, such as pumps and motors. Active components lend themselves well to the application of asset management techniques because failure rates can be established, which serves as the basis to quantify risk in the cost-benefits/risk analysis. A key issue with respect to asset management technologies is only now being understood and addressed, that is how to manage passive components. Passive components, such as nuclear steam generators, reactor vessels

  5. Asset management techniques for transformers

    Energy Technology Data Exchange (ETDEWEB)

    Abu-Elanien, Ahmed E.B.; Salama, M.M.A. [University of Waterloo, Waterloo, ON (Canada)

    2010-04-15

    In a deregulated/reformed environment, the electric utilities are under constant pressure for reducing operating costs, enhancing the reliability of transmission and distribution equipments, and improving quality of power and services to the customer. Moreover, the risk involved in running the system without proper attention to assets integrity in service is quite high. Additionally, the probability of losing any equipment vital to the transmission and distribution system, such as power and distribution transformers, is increasing especially with the aging of power system's assets. Today the focus of operating the power system is changed and efforts are being directed to explore new approaches/techniques of monitoring, diagnosis, condition evaluation, maintenance, life assessment, and possibility of extending the life of existing assets. In this paper, a comprehensive illustration of the transformer asset management activities is presented. The importance of each activity together with the latest researches done in the area is highlighted. (author)

  6. The asset management business model

    International Nuclear Information System (INIS)

    This presentation describes the 4 transformation stages of the electric power industry as being vertical unbundling as seen in Europe and Asia, horizontal unbundling as seen in Canada and the United States, industry convergence as seen in Australia and New Zealand, and strategic consolidation as seen in the United Kingdom. The rationale for horizontal unbundling is described with reference to the asset owner, the asset manager and the utility service provider. The presentation includes several viewgraphs depicting the following: the asset management model; the path to success which was built upon a decade of experience; number of stock items from 1991 to 2001; substation capacity utilization from 1997 to 2001; O and M costs per customer from 1990 to 2000; reliability improvements from 1994 to 2000; the design, operation and maintenance of 13 investment pools; transition strategies for total transformation; and, regionally adjusted wage rates. 11 figs

  7. Modelling railway bridge asset management

    OpenAIRE

    Le, Bryant Linh Hai

    2014-01-01

    The UK has a long history in the railway industry with a large number of railway assets. Railway bridges form one of the major asset groups with more than 35,000 bridges. The majority of the bridge population are old being constructed over 100 years ago. Many of the bridges were not designed to meet the current network demand. With an expected increasing rate of deterioration due to the increasing traffic loads and intensities, the management authorities are faced with the difficult task of k...

  8. Approaches of Improving University Assets Management Efficiency

    Science.gov (United States)

    Wang, Jingliang

    2015-01-01

    University assets management, as an important content of modern university management, is generally confronted with the issue of low efficiency. Currently, to address the problems exposed in university assets management and take appropriate modification measures is an urgent issue in front of Chinese university assets management sectors. In this…

  9. Asset management of wastewater networks

    OpenAIRE

    Ugarelli, Rita Maria

    2008-01-01

    Asset Management (AM) is a set of procedures operable at the strategic-tacticaloperational level, for the management of the physical asset’s performance, associated risks and costs within its whole life-cycle. AM combines the engineering, managerial and informatics points of view. In addition to internal drivers, AM is driven by the demands of customers (social pull) and regulators (environmental mandates and economic considerations). AM can follow either a top-down or a bottom...

  10. 2014 World Congress on Engineering Asset Management

    CERN Document Server

    Hoohlo, Changela; Mathew, Joe

    2015-01-01

    Engineering asset management encompasses all types of engineered assets including built environment, infrastructure, plant, equipment, hardware systems and components. Following the release of ISO 5500x set of standards, the 9th WCEAM addresses the hugely important issue of what constitutes the body of knowledge in Engineering Asset Management. Topics discussed by Congress delegates are grouped into a number of tracks including strategies for investment and divestment of assets, operations and maintenance of assets, assessments of assets condition, risk and vulnerability, technologies and systems for management of asset, standards, education, training and certification. These proceedings include a sample of the wide range of topics presented during the 9th World Congress on Engineering Asset Management in Pretoria South Africa 28 – 31 October, 2014 and complements other emerging publications and standards that embrace the wide ranging issues concerning the management of engineered physical assets.

  11. Engineering Asset Management and Infrastructure Sustainability : Proceedings of the 5th World Congress on Engineering Asset Management

    CERN Document Server

    Ma, Lin; Tan, Andy; Weijnen, Margot; Lee, Jay

    2012-01-01

    Engineering Asset Management 2010 represents state-of-the art trends and developments in the emerging field of engineering asset management as presented at the Fifth World Congress on Engineering Asset Management (WCEAM). The proceedings of the WCEAM 2010 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: Asset condition monitoring and intelligent maintenance Asset data warehousing, data mining and fusion Asset performance and level-of-service models Design and life-cycle integrity of physical assets Education and training in asset management Engineering standards in asset management Fault diagnosis and prognostics Financial analysis methods for physical assets Human dimensions in integrated asset management Information quality management Information systems and knowledge management Intelligent sensors and devices Maintenance strategies in asset management Optimisation decisions in asset management Risk management ...

  12. Road map voor technologische uitdagingen Asset Management

    NARCIS (Netherlands)

    Peelen, W.H.A.; Mookhoek, S.D.

    2013-01-01

    Omdat Asset Management steeds belangrijker wordt, heeft TNO een Road Map opgesteld waarin staat welke meet-, model- wn simulatietechnieken (MMS) in de toekomst voor goed Asset Management ontwikkeld moeten worden. Het doel is te komen tot hoogwaardige technologie voor de ondersteuning van beheer en o

  13. Integrated Facilities Management and Fixed Asset Accounting.

    Science.gov (United States)

    Golz, W. C., Jr.

    1984-01-01

    A record of a school district's assets--land, buildings, machinery, and equipment--can be a useful management tool that meets accounting requirements and provides appropriate information for budgeting, forecasting, and facilities management. (MLF)

  14. On the management and operation of enterprises intangible asset

    Science.gov (United States)

    Zhu, Yu; Wang, Hong

    2011-10-01

    Since entering the knowledge economy, the management of intangible assets becomes an important part of manage, this article discusses the problem of management on intangible assets, the properties of intangible assets, and the channels of management and operation on intangible assets, and stressed the important role of intangible assets in the development and innovation of the enterprise.

  15. 6th World Congress on Engineering Asset Management

    CERN Document Server

    Ni, Jun; Sarangapani, Jagnathan; Mathew, Joseph

    2014-01-01

    This text represents state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Sixth World Congress on Engineering Asset Management (WCEAM) held in Cincinnati, OH, USA from October 3-5, 2011 The Proceedings of the WCEAM 2011 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: • Asset condition monitoring and intelligent maintenance • Asset data warehousing, data mining and fusion • Asset performance and level-of-service models • Design and lifecycle integrity of physical assets • Deterioration and preservation models for assets • Education and training in asset management • Engineering standards in asset management • Fault diagnosis and prognostics • Financial analysis methods for physical assets • Human dimensions in integrated asset management • Information quality management • Information systems and knowledge management • Intellig...

  16. The Theoretical Underpinnings of Customer Asset Management

    OpenAIRE

    Bolton, R.N.; Lemo, K.N.; Verhoef, Peter

    2002-01-01

    textabstractMost research in customer asset management has focused on specific aspects of the value of the customer to the company. The purpose of this article is to propose an integrated framework ? called CUSAMS -- that enables service organizations to comprehensively assess the value of their "customer assets" and to understand the influence of marketing instruments on them. The foundation of the CUSAMS framework is a careful specification of key customer behaviors that reflect the length,...

  17. Operational management of offshore energy assets

    Science.gov (United States)

    Kolios, A. J.; Martinez Luengo, M.

    2016-02-01

    Energy assets and especially those deployed offshore are subject to a variety of harsh operational and environmental conditions which lead to deterioration of their performance and structural capacity over time. The aim of reduction of CAPEX in new installations shifts focus to operational management to monitor and assess performance of critical assets ensuring their fitness for service throughout their service life and also to provide appropriate and effective information towards requalification or other end of life scenarios, optimizing the OPEX. Over the last decades, the offshore oil & gas industry has developed and applied various approaches in operational management of assets through Structural Health and Condition Monitoring (SHM/CM) systems which can be, at a certain level, transferable to offshore renewable installations. This paper aims to highlight the key differences between offshore oil & gas and renewable energy assets from a structural integrity and reliability perspective, provide a comprehensive overview of different approaches that are available and applicable, and distinguish the benefits of such systems in the efficient operation of offshore energy assets.

  18. The Theoretical Underpinnings of Customer Asset Management

    NARCIS (Netherlands)

    R.N. Bolton; K.N. Lemo; P.C. Verhoef (Peter)

    2002-01-01

    textabstractMost research in customer asset management has focused on specific aspects of the value of the customer to the company. The purpose of this article is to propose an integrated framework ? called CUSAMS -- that enables service organizations to comprehensively assess the value of their "cu

  19. Three-dimensional GIS approach for management of assets

    International Nuclear Information System (INIS)

    Assets play an important role in human life, especially to an organization. Organizations strive and put more effort to improve its operation and assets management. The development of GIS technology has become a powerful tool in management as it is able to provide a complete inventory for managing assets with location-based information. Spatial information is one of the requirements in decision making in various areas, including asset management in the buildings. This paper describes a 3D GIS approach for management of assets. An asset management system was developed by integrating GIS concept and 3D model assets. The purposes of 3D visualization to manage assets are to facilitate the analysis and understanding in the complex environment. Behind the 3D model of assets is a database to store the asset information. A user-friendly interface was also designed for more easier to operate the application. In the application developed, location of each individual asset can be easily tracked according to the referring spatial information and 3D viewing. The 3D GIS approach described in this paper is certainly would be useful in asset management. Systematic management of assets can be carried out and this will lead to less-time consuming and cost-effective. The results in this paper will show a new approach to improve asset management

  20. Ontology modeling in physical asset integrity management

    CERN Document Server

    Yacout, Soumaya

    2015-01-01

    This book presents cutting-edge applications of, and up-to-date research on, ontology engineering techniques in the physical asset integrity domain. Though a survey of state-of-the-art theory and methods on ontology engineering, the authors emphasize essential topics including data integration modeling, knowledge representation, and semantic interpretation. The book also reflects novel topics dealing with the advanced problems of physical asset integrity applications such as heterogeneity, data inconsistency, and interoperability existing in design and utilization. With a distinctive focus on applications relevant in heavy industry, Ontology Modeling in Physical Asset Integrity Management is ideal for practicing industrial and mechanical engineers working in the field, as well as researchers and graduate concerned with ontology engineering in physical systems life cycles. This book also: Introduces practicing engineers, research scientists, and graduate students to ontology engineering as a modeling techniqu...

  1. Data issues for practical asset management

    Energy Technology Data Exchange (ETDEWEB)

    Bergman, W.; Meehan, J. [PowerNex Associates Inc., Toronto, ON (Canada)

    2007-07-01

    This paper presented opportunities for improvement of an electric utility's asset management processes, with particular reference to transmission utilities. The objective was to offer support for future maintenance and reinvestment decisions for assets such as disconnect switches and protection systems. Several recommendations were presented to help utilities quantify the state of assets and the risk to transmission system performance. Issues dealing with data gathering and condition assessment were considered. The basic approach to asset management decisions for disconnect switches and protection systems included a best practice survey; an infrared survey; a review of criticality criteria; maintenance practices; and, the possibility of refurbishment. It was noted that although there is minimal information on the performance or condition of switches, much is known about switch deficiencies. Therefore, data can be gathered to identify poor designs and substantiate changes to switch specifications and maintenance practices. Performance is the key driver for protection equipment. As such, a complete analysis of each protection operation is needed in order to understand the actual protection reliability and success. 1 tab., 1 fig.

  2. 24 CFR 990.290 - Compliance with asset management requirements.

    Science.gov (United States)

    2010-04-01

    ... asset management requirements. (a) A PHA is considered in compliance with asset management requirements... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Compliance with asset management requirements. 990.290 Section 990.290 Housing and Urban Development Regulations Relating to Housing and...

  3. Earnings Management and Valuation of Biological Assets

    Directory of Open Access Journals (Sweden)

    Ricardo Luiz Menezes da Silva

    2015-01-01

    Full Text Available The use of fair value to measure the worth of biological assets allows discretionary choices when using discounted cash flow in the absence of an active market, influencing the quality of accounting information. The objective of this study was to investigate evidence of earnings management among Brazilian companies that have adopted fair value based on the discounted cash flow method. The firms were investigated with regard to: a disclosure of the discount rate, b BM&FBovespa corporate governance levels; and c adherence to disclosure requirements in the Brazilian accounting standard CPC 29 (IAS 41. We analyzed 31 firms with significant biological assets from 2010 to 2012. The earnings management measurements were calculated according to the modified Jones, the Teoh, Welch and Wong (1998, and the KS models. The Mann-Whitney test of the means was applied and revealed evidence of greater earnings management for companies that use discounted cash flow, and the ones that least meet CPC 29 disclosure requirements, considering the KS model estimates. Regarding the other proposals, testing did not offer enough evidence of differences in discretionary accruals. In this sense, only hypotheses 1 and 4 are partially accepted, demanding more research in this area. We also present evidence in favor of adopting Exposure Draft ED/2013/08 Agriculture: Bearer Plants, Proposed amendments to IAS 16 and IAS 41, which proposes to measure biological assets at cost, because firms already following these rules showed lower earnings management in this study.

  4. Implementing condition based maintenance within an asset management framework

    OpenAIRE

    Gusfre, David

    2010-01-01

     Condition Based Maintenance within an Asset Management Framework Description: The thesis shall describe how to implement Condition Based Maintenance within an Asset Management context. Asset Management (AM) is an area within Oil & Gas (O&G) Business with a large development potential in order to give companies added value in their operations. With the increased use of Integrated Operations concepts, a new approach for maintenance engineering is necessary. The asset performance is a resul...

  5. Individual and institutional asset liability management

    OpenAIRE

    Hainaut, Donatien

    2007-01-01

    One of the classical problems in finance is that of an economic unit who aims at maximizing his expected life-time utility from consumption and/or terminal wealth by an effective asset-liability management. The purpose of this thesis is to determine the optimal investment strategies , from the point of view of their economic utility, for individual and institutional investors such pension funds.

  6. IMPLEMENTATION OF ASSET MANAGEMENT IN ROAD ADMINISTRATION OF SLOVAK REPUBLIC

    Directory of Open Access Journals (Sweden)

    Ľubomír Pepucha

    2014-03-01

    Full Text Available The article presents basic principles and solutions for the application of Asset Management as part of road administration in Slovakia. It deals with application of Assets management methods and best practices of global trends in road maintenance, repair and rehabilitation strategies. An effective public Asset Management combines principles and strategies of asset management used in private sector with sound practices and methods proven to be applicable by public road administrator and his digital information systems. The under-funding of road management leads to development of tools and methods, which enable us to define criteria for establishing priorities for investments into road assets.

  7. Continued Learning in Asset Management for the Dutch Transport Network

    NARCIS (Netherlands)

    Volker, L.; Van der Lei, T.E.; Van den Boom, M.; Van der Velde, J.; Wessels, P.; Ligtvoet, A.; Herder, P.M.

    2012-01-01

    Asset management aims at improving the overall performance of assetintensive industries by making and executing systematic and highest value decisions about the use and care of assets. To assist organizations to improve their asset management performance, maturity models can be used. In this paper w

  8. Asset management using an extended Markowitz theorem

    Directory of Open Access Journals (Sweden)

    Paria Karimi

    2014-06-01

    Full Text Available Markowitz theorem is one of the most popular techniques for asset management. The method has been widely used to solve many applications, successfully. In this paper, we present a multi objective Markowitz model to determine asset allocation by considering cardinality constraints. The resulted model is an NP-Hard problem and the proposed study uses two metaheuristics, namely genetic algorithm (GA and particle swarm optimization (PSO to find efficient solutions. The proposed study has been applied on some data collected from Tehran Stock Exchange over the period 2009-2011. The study considers four objectives including cash return, 12-month return, 36-month return and Lower Partial Moment (LPM. The results indicate that there was no statistical difference between the implementation of PSO and GA methods.

  9. Management of Waqf Assets in Malaysia

    Directory of Open Access Journals (Sweden)

    Zunaidah Ab Hasan

    2015-12-01

    Full Text Available Waqf is one of the main mechanism in providing support for the development to all levels of the ummah more so for the underprivileged. Waqf institutions in Malaysia are under the jurisdiction of the 14 states rather than the Federal government. This paper reviews the development of waqf in Melaka, one of the states in Malaysia. It discusses a brief historical background, function and legal aspects of waqf matters. A brief information on the structure and administration of waqf in Melaka, Baitulmal is responsible for the sake of administering and managing such waqf assets in Melaka is also presented. This study is also concerned with examining of the current situation of development waqf asset; which is known as waqf saham in Melaka through the record by Majlis Agama Islam Melaka (MAIM. Yet, it is undeniably true that some challenges and impediments pertaining to the issues of developing waqf assets; inter alia, lack of fund and expertise, poor documentation and the record value of waqf property and others.

  10. Agility in asset management, or: how to be flexible with assets designed for stability

    NARCIS (Netherlands)

    Ruitenburg, R.J.; Braaksma, A.J.J.; Dongen, van L.A.M.

    2016-01-01

    Agility is increasingly important in manufacturing. However, thus far little attention has been paid to the agility of the physical assets used in production, which are typically designed for decades of operation in a stable context. This paper investigates the topic of agile Asset Management using

  11. 12 CFR 704.8 - Asset and liability management.

    Science.gov (United States)

    2010-01-01

    ... used as a basis of estimation. (b) Asset and liability management committee (ALCO). A corporate credit... risk management policies. (c) Penalty for early withdrawals. A corporate credit union that permits... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Asset and liability management. 704.8...

  12. Managing Risks in Electrical Infrastructure Assets from a Strategic Perspective

    NARCIS (Netherlands)

    Zhuang, Q.

    2015-01-01

    Should risks always be quantified before being managed? The answer is “yes” in the opinion of most asset managers in today’s electricity transmission and distribution companies, but “no” in modern theories of risk management. When the risks refer to reliability hazards of high-voltage assets, the

  13. A PERFORMANCE MANAGEMENT MODEL FOR PHYSICAL ASSET MANAGEMENT

    Directory of Open Access Journals (Sweden)

    J.L. Jooste

    2012-01-01

    Full Text Available

    ENGLISH ABSTRACT: There has been an emphasis shift from maintenance management towards asset management, where the focus is on reliable and operational equipment and on effective assets at optimum life-cycle costs. A challenge in the manufacturing industry is to develop an asset performance management model that is integrated with business processes and strategies. The authors developed the APM2 model to satisfy that requirement. The model has a generic reference structure and is supported by operational protocols to assist in operations management. It facilitates performance measurement, business integration and continuous improvement, whilst exposing industry to the latest developments in asset performance management.

    AFRIKAANSE OPSOMMING: Daar is ‘n klemverskuiwing vanaf onderhoudsbestuur na batebestuur, waar daar gefokus word op betroubare en operasionele toerusting, asook effektiewe bates teen optimum lewensikluskoste. ‘n Uitdaging in die vervaardigingsindustrie is die ontwikkeling van ‘n prestasiemodel vir bates, wat geïntegreer is met besigheidsprosesse en –strategieë. Die outeurs het die APM2 model ontwikkel om in hierdie behoefte te voorsien. Die model het ‘n generiese verwysingsstruktuur, wat ondersteun word deur operasionele instruksies wat operasionele bestuur bevorder. Dit fasiliteer prestasiebestuur, besigheidsintegrasie en voortdurende verbetering, terwyl dit die industrie ook blootstel aan die nuutste ontwikkelinge in prestasiebestuur van bates.

  14. ASSESSMENT OF BANKING ASSETS ON FINANCIAL RISK MANAGEMENT - ALBANIAN CASE

    OpenAIRE

    ADRIATIK KOTORRI; MIRELA MITI; INGRIT KONOMI

    2014-01-01

    Recognizing the asset value dynamics volatility of the financial institutions and the importance of its recognition both for financial reporting purposes and risk management effect, this paper aims to provide a practical model for the assets and financial institutions evaluation especially banks. It also aims to present a model to measure the value of banking assets for the purposes of risk management as an opportunity to identify in an early moment the banking risks. The pape...

  15. Asset ranking manager (ranking index of components)

    International Nuclear Information System (INIS)

    The Ranking Index of Components (RIC) is an Asset Reliability Manager (ARM), which itself is a Web Enabled front end where plant database information fields from several disparate databases are combined. That information is used to create a specific weighted number (Ranking Index) relating to that components health and risk to the site. The higher the number, the higher priority that any work associated with that component receives. ARM provides site Engineering, Maintenance and Work Control personnel with a composite real time - (current condition) look at the components 'risk of not working' to the plant. Information is extracted from the existing Computerized Maintenance management System (CMMS) and specific site applications and processed nightly. ARM helps to ensure that the most important work is placed into the workweeks and the non value added work is either deferred, frequency changed or deleted. This information is on the web, updated each night, and available for all employees to use. This effort assists the work management specialist when allocating limited resources to the most important work. The use of this tool has maximized resource usage, performing the most critical work with available resources. The ARM numbers are valued inputs into work scoping for the workweek managers. System and Component Engineers are using ARM to identify the components that are at 'risk of failure' and therefore should be placed into the appropriate work week schedule

  16. Recent Reforms in Asset Management in New Zealand

    OpenAIRE

    Gimblett, Murray

    2015-01-01

    This presentation covers some of the changes to asset management following a comprehensive review of road maintenance in New Zealand. The review suggested increased efficiency could be realized by changing business models, procurement, asset management and critically examining levels of service.

  17. Prudent management of utility assets -- Problem or promise?

    International Nuclear Information System (INIS)

    As utilities move into a deregulated market, the extent and nature of their asset base, as well as, the manner in which they have managed it, may play a key factor in the form of regulatory recovery. Utilities must face the issue of stranded assets. One form of addressing this issue is using ''EVA'', Economic Value Added as a mechanism to form financial models for prudent asset management. The authors present an approach to this challenging aspect of deregulation. They focus on the following utility assets: buildings/facilities, and excess real physical assets. Primarily focusing on Niagara Mohawk, two or three case studies are used to demonstrate how proactive management and EVA analysis transforms underperforming utility assets. These will be presented in a way that can show benefits for all utility stakeholders such as cost avoidance, load growth, real estate tax savings, stranded asset reductions, environmental gains, corporate image enhancement, and regulatory/governmental gains; over and above possible economic gains. Examples will be given that include the transformation of utility assets into award winning commercial, residential, and industrial developments as well as recreational/park lands and greenways. Similarly, other examples will show the many tangible and intangible benefits of an effective investment recovery and waste stream management program. Various strategies will also be presented that detail how utilities can begin to develop a total comprehensive plan for their asset portfolio. The first step in realizing and maximizing EVA towards a portfolio of assets is a change in corporate policy--one from passive ownership to active prudent management. Service and cost will drive competition resulting from full deregulation. To drive down costs, utilities will need to become more efficient in dealing with their asset base. By embracing an EVA model on an entire asset portfolio, utilities can prepare and excel in the newly shaped marketplace

  18. Analytical Provision of Management of Intangible Assets

    Directory of Open Access Journals (Sweden)

    Shelest Viktoriya S.

    2013-11-01

    Full Text Available The goal of the article lies in the study of the process of conduct of economic analysis of such a complex product of the innovation and information society as objects of intellectual property, which are accepted in business accounting as intangible assets. All-absorbing integration processes in the economy and large-scale propagation of information technologies influence the capital structure. Thus, accepting intangible assets as a driving factor of competitiveness, enterprises prefer namely these assets, reducing the share of tangible assets. Taking this into account the scientists thoroughly studied the issues of economic analysis of intangible assets, since the obtained data are the main source of accounting and analytical information required for making weighted managerial decisions. At the same time, the issues of authenticity, accuracy, efficiency and transparency of the obtained results become topical. In the process of the study the article shows information content of the accounting and analytical data due to introduction of accounting and conduct of economic analysis of intangible assets. The article considers the modern state of the methods of analysis of intangible assets based on opinions of scientists. It characterises economic and legal state of development of licence agreements in Ukraine. It justifies economic expediency of use of such agreements. It forms the ways of making efficient managerial decisions on use of intangible assets in economic activity of subjects of entrepreneurship.

  19. BIM: enabling sustainability and asset management through knowledge management.

    Science.gov (United States)

    Kivits, Robbert Anton; Furneaux, Craig

    2013-01-01

    Building Information Modeling (BIM) is the use of virtual building information models to develop building design solutions and design documentation and to analyse construction processes. Recent advances in IT have enabled advanced knowledge management, which in turn facilitates sustainability and improves asset management in the civil construction industry. There are several important qualifiers and some disadvantages of the current suite of technologies. This paper outlines the benefits, enablers, and barriers associated with BIM and makes suggestions about how these issues may be addressed. The paper highlights the advantages of BIM, particularly the increased utility and speed, enhanced fault finding in all construction phases, and enhanced collaborations and visualisation of data. The paper additionally identifies a range of issues concerning the implementation of BIM as follows: IP, liability, risks, and contracts and the authenticity of users. Implementing BIM requires investment in new technology, skills training, and development of new ways of collaboration and Trade Practices concerns. However, when these challenges are overcome, BIM as a new information technology promises a new level of collaborative engineering knowledge management, designed to facilitate sustainability and asset management issues in design, construction, asset management practices, and eventually decommissioning for the civil engineering industry. PMID:24324392

  20. BIM: enabling sustainability and asset management through knowledge management.

    Science.gov (United States)

    Kivits, Robbert Anton; Furneaux, Craig

    2013-01-01

    Building Information Modeling (BIM) is the use of virtual building information models to develop building design solutions and design documentation and to analyse construction processes. Recent advances in IT have enabled advanced knowledge management, which in turn facilitates sustainability and improves asset management in the civil construction industry. There are several important qualifiers and some disadvantages of the current suite of technologies. This paper outlines the benefits, enablers, and barriers associated with BIM and makes suggestions about how these issues may be addressed. The paper highlights the advantages of BIM, particularly the increased utility and speed, enhanced fault finding in all construction phases, and enhanced collaborations and visualisation of data. The paper additionally identifies a range of issues concerning the implementation of BIM as follows: IP, liability, risks, and contracts and the authenticity of users. Implementing BIM requires investment in new technology, skills training, and development of new ways of collaboration and Trade Practices concerns. However, when these challenges are overcome, BIM as a new information technology promises a new level of collaborative engineering knowledge management, designed to facilitate sustainability and asset management issues in design, construction, asset management practices, and eventually decommissioning for the civil engineering industry.

  1. BIM: Enabling Sustainability and Asset Management through Knowledge Management

    Directory of Open Access Journals (Sweden)

    Robbert Anton Kivits

    2013-01-01

    Full Text Available Building Information Modeling (BIM is the use of virtual building information models to develop building design solutions and design documentation and to analyse construction processes. Recent advances in IT have enabled advanced knowledge management, which in turn facilitates sustainability and improves asset management in the civil construction industry. There are several important qualifiers and some disadvantages of the current suite of technologies. This paper outlines the benefits, enablers, and barriers associated with BIM and makes suggestions about how these issues may be addressed. The paper highlights the advantages of BIM, particularly the increased utility and speed, enhanced fault finding in all construction phases, and enhanced collaborations and visualisation of data. The paper additionally identifies a range of issues concerning the implementation of BIM as follows: IP, liability, risks, and contracts and the authenticity of users. Implementing BIM requires investment in new technology, skills training, and development of new ways of collaboration and Trade Practices concerns. However, when these challenges are overcome, BIM as a new information technology promises a new level of collaborative engineering knowledge management, designed to facilitate sustainability and asset management issues in design, construction, asset management practices, and eventually decommissioning for the civil engineering industry.

  2. 75 FR 43197 - Public Housing Assessment System (PHAS): Asset Management Transition Year 2 Extension

    Science.gov (United States)

    2010-07-23

    ... notice, Public Housing Assessment System (PHAS): Asset Management Transition Year 2 Information (75 FR... Register notice (FR-5227- N-01), ``Public Housing Assessment System (PHAS): Asset Management Transition... URBAN DEVELOPMENT Public Housing Assessment System (PHAS): Asset Management Transition Year 2...

  3. 7th World Congress on Engineering Asset Management

    CERN Document Server

    Choi, Byeongkuen; Ma, Lin; Mathew, Joseph

    2015-01-01

    These proceedings comprise 60 refereed papers of the Seventh World Congress on Engineering Asset Management (WCEAM) that was held in Deajeon City, Korea from 8-9 October 2012. The material is a compilation of state-of-the-art papers in the field covering a comprehensive range of subjects that are equally relevant to business managers and engineering professionals alike. Proceedings of the 7th World Congress on Engineering Asset Management (WCEAM 2012): Towards Integration and Interoperability in EAM covers a wide range of topics in the discipline of engineering asset management, including: ·         strategic asset management ·         condition monitoring and diagnostics ·         integrated intelligent maintenance ·         sensors and devices ·         information quality & management; ·         sustainability in asset management ·         asset performance and knowledge management ·         data mining and AI techniques in asset m...

  4. Analytical Provision of Management of Intangible Assets

    OpenAIRE

    Shelest Viktoriya S.

    2013-01-01

    The goal of the article lies in the study of the process of conduct of economic analysis of such a complex product of the innovation and information society as objects of intellectual property, which are accepted in business accounting as intangible assets. All-absorbing integration processes in the economy and large-scale propagation of information technologies influence the capital structure. Thus, accepting intangible assets as a driving factor of competitiveness, enterprises prefer namely...

  5. ASSESSMENT OF BANKING ASSETS ON FINANCIAL RISK MANAGEMENT - ALBANIAN CASE

    Directory of Open Access Journals (Sweden)

    ADRIATIK KOTORRI

    2014-02-01

    Full Text Available Recognizing the asset value dynamics volatility of the financial institutions and the importance of its recognition both for financial reporting purposes and risk management effect, this paper aims to provide a practical model for the assets and financial institutions evaluation especially banks. It also aims to present a model to measure the value of banking assets for the purposes of risk management as an opportunity to identify in an early moment the banking risks. The paper develops the bank assets assessment forms and the basis of mathematical modeling of this assessment in general. He identifies also the evaluation factors as for example time to maturity, interest rate market for the assets (YTM, the interest rate agreed, the early repayment of the loan, interest ceilings and floors, off-balance sheet treatment, etc..

  6. Dynamic Scenario Modelling in Electricity Distribution System Asset Management

    OpenAIRE

    Palola, Jussi

    2014-01-01

    The life of individuals, societal welfare and global economics are deeply interconnected with power systems in a multidimensional manner. A change in one entity affects the whole system. This thesis is a research journey from electrical distribution systems to global economics, and finally to power transformer unit asset management. The objective is to investigate dynamic scenario modelling in power system asset management and apply it to a distribution system operator’s power transformer fle...

  7. Approaches to Improving Asset Structure Management in Commercial Banks

    Directory of Open Access Journals (Sweden)

    Ahsan Akbar

    2015-04-01

    Full Text Available The financial crises of 2008 and afterwards the European debt crisis made it clearer that the financial and macroeconomic conditions can change quickly. For that reason ensuring asset quality and profitability in response to the changing environment remains an important concern. This study considers the key problems in asset structure management and discusses several techniques outlined by managers and academicians to tackle these problems. The important problems of banks are the need to dynamically boost asset and liability structure, to make sure profitability of operations and to curtail risks. This can be done by jointly structuring asset and liability portfolios, using the gap technique for management of interest rate risk and increasing the range of profitable business operations. However these techniques should be coupled with efficient and sophisticated analysis of financial and economic indicators.

  8. Asset Management Recovery after the Disater: State of Knowledge

    Directory of Open Access Journals (Sweden)

    Sapri Maimunah

    2016-01-01

    Full Text Available Asset, infrastructure and business can be destroyed in a split seconds. It only takes a minute for natural disasters such as flood, hurricane and others to happen that will stop the business process and destroying the business as well as their assets. Late response towards the disaster will bring disastrous impact not only to the people but also the social and economic of the impacted people and area. It is therefore important for the organization to ensure speedy recovery of the disaster’s impact such as the assets in an effort to ensure the business survival and facilitating societal and economic recovery. Therefore this paper examines the state of knowledge in relation to the asset management recovery especially after the disaster. Following to that, this paper will discuss the literatures involves in asset management recovery such as disaster management and business continuity plan (BCP. Towards the end, this paper suggests that the effect of lack of planning in asset management recovery will lead to an untold damage towards the community, organization as well as the business, taking months or even years to rectify. In some cases, businesses are shut down for goods due to loss data as well as other emerge problems cause by the disaster.

  9. Operations Research Approaches to Asset Management in Freight Rail

    DEFF Research Database (Denmark)

    Gorman, Michael F.; Harrod, Steven

    2011-01-01

    This article describes operations research methodologies as they apply to asset management in freight rail. We describe state-of-the-art methods for locomotive, crew, railcar, line and yard planning and management. We conclude with emerging areas of research in rail.......This article describes operations research methodologies as they apply to asset management in freight rail. We describe state-of-the-art methods for locomotive, crew, railcar, line and yard planning and management. We conclude with emerging areas of research in rail....

  10. Keynes, King's and Endowment Asset Management

    OpenAIRE

    David Chambers; Elroy Dimson; Justin Foo

    2014-01-01

    Founded in 1441, King's College was one of Cambridge University's wealthiest Colleges, endowed with a vast agricultural portfolio. John Maynard Keynes was appointed bursar just after WWI and initiated a major reallocation to equities, an innovation at least as radical as the late 20th century commitment to illiquid assets by Harvard and Yale. Keynes initially pursued a market-timing approach to investment with mixed success and failed to anticipate the 1929 market crash. Thereafter, his switc...

  11. 8th World Congress on Engineering Asset Management & the 3rd International Conference on Utility Management & Safety

    CERN Document Server

    Mathew, Joseph; Wong, King; Lam, Rocky; Ko, CN; WCEAM 2013; ICUMAS; Engineering asset management : systems, professional practices and certification

    2015-01-01

    This proceedings represents state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Eight World Congress on Engineering Asset Management (WCEAM). The Proceedings of the WCEAM 2013 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: Asset condition monitoring and intelligent maintenance, 2.  Asset data warehousing, data mining and fusion, 3. Asset performance and level-of-service models, 4. Design and life-cycle integrity of physical assets, 5. Deterioration and preservation models for assets, 6. Education and training in asset management, 7. Engineering standards in asset management, 8. Fault diagnosis and prognostics, 9. Financial analysis methods for physical assets, 10. Human dimensions in integrated asset management, 11. Information quality management, 12. Information systems and knowledge management, 13. Intelligent sensors and devices, 14. Maintenance...

  12. 10th World Congress on Engineering Asset Management

    CERN Document Server

    Kortelainen, Helena; Aaltonen, Jussi; Uusitalo, Teuvo; Komonen, Kari; Mathew, Joseph; Laitinen, Jouko

    2016-01-01

    This book comprises refereed papers from the 10th World Congress on Engineering Asset Management (WCEAM 2015), held in Tampere, Finland in September 2015. These proceedings include a compilation of state-of-the-art papers covering a comprehensive range of subjects equally relevant to business managers and engineering professionals alike. With a focus on various aspects of engineering asset management ranging from strategic level issues to detail-level machine health issues, these papers address both industry and public sector concerns and issues, as well as advanced academic research. Proceedings of the WCEAM 2015 is an excellent reference and resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students at tertiary institutions or in the industry.

  13. Fleet wide motor asset management program

    International Nuclear Information System (INIS)

    The Institute of Nuclear Power Operations (INPO) performed several studies concerning the effects of motor failures on US power production. Problems with aging and the lack of preventative maintenance were noted as major contributors to this production loss. Westinghouse has developed, and successfully utilized, a computer program to assist plants in the decision making process for maximizing the operational availability of their motor fleet. The program considers motors of a fleet as a single, critical to production asset, and aids the operator in decisions regarding the following: 1.) Purchase of spares. 2.) Rewind and refurbishment prioritization. 3.) Long-term budget forecasting. (author)

  14. Integrated Space Asset Management Database and Modeling

    Science.gov (United States)

    Gagliano, L.; MacLeod, T.; Mason, S.; Percy, T.; Prescott, J.

    The Space Asset Management Database (SAM-D) was implemented in order to effectively track known objects in space by ingesting information from a variety of databases and performing calculations to determine the expected position of the object at a specified time. While SAM-D performs this task very well, it is limited by technology and is not available outside of the local user base. Modeling and simulation can be powerful tools to exploit the information contained in SAM-D. However, the current system does not allow proper integration options for combining the data with both legacy and new M&S tools. A more capable data management infrastructure would extend SAM-D to support the larger data sets to be generated by the COI. A service-oriented architecture model will allow it to easily expand to incorporate new capabilities, including advanced analytics, M&S tools, fusion techniques and user interface for visualizations. Based on a web-centric approach, the entire COI will be able to access the data and related analytics. In addition, tight control of information sharing policy will increase confidence in the system, which would encourage industry partners to provide commercial data. SIMON is a Government off the Shelf information sharing platform in use throughout DoD and DHS information sharing and situation awareness communities. SIMON providing fine grained control to data owners allowing them to determine exactly how and when their data is shared. SIMON supports a micro-service approach to system development, meaning M&S and analytic services can be easily built or adapted. It is uniquely positioned to fill this need as an information-sharing platform with a proven track record of successful situational awareness system deployments. Combined with the integration of new and legacy M&S tools, a SIMON-based architecture will provide a robust SA environment for the NASA SA COI that can be extended and expanded indefinitely. First Results of Coherent Uplink from a

  15. RFID Application of Smart Grid for Asset Management

    Directory of Open Access Journals (Sweden)

    Xiwei Wang

    2013-01-01

    Full Text Available RFID technology research has resolved practical application issues of the power industry such as assets management, working environment control, and vehicle networking. Also it provides technical reserves for the convergence of ERP and CPS. With the development of RFID and location-based services technology, RFID is converging with a variety of sensing, communication, and information technologies. Indoor positioning applications are under rapid development. Micromanagement environment of the assets is a useful practice for the RFID and positioning. In this paper, the model for RFID applications has been analyzed in the microenvironment management of the data center and electric vehicle batteries, and the optimization scheme of enterprise asset management is also proposed.

  16. The Future of the U.S. Asset Management Industry

    OpenAIRE

    Shojai, Shahin

    2001-01-01

    The U.S. asset management industry is undergoing revolutionary change as a result of the Internet revolution. Power is shifting from large institutions to private investors, who are becoming reticent to pay mutual fund managers to underperform the indices. Today's individual investor is demanding the same personalization that has been common to institutional investors, and they are paying less for that privilege. For example, like institutions, individual investors can now choose their manage...

  17. A Case Study of Risk Informed Asset Management (RIAM) for Nuclear Power Plant

    International Nuclear Information System (INIS)

    Recently, the concern for Nuclear Asset Management (NAM) is increasing in nuclear industry. Asset Management is management of the financial assets of a company in order to maximize return. However, asset management in the nuclear industry is needed for coincidental consideration of nuclear safety and risk. Over fast several years, efforts for development of safety concerned and financial asset maximizing method, process and tools have been continued internationally. Risk Informed Asset Management (RIAM) is a methodology, process, and (eventually) software tool by which analyst review historical performance and develop predictive logic models and data analyses to provide plant manager and company decision-makers critical quantitative performance indicators

  18. Managing Pressure Vessel Equipment as a Capital Asset.

    Science.gov (United States)

    Robinson, Glenn; Trombley, Robert; Shultes, Kenneth

    1999-01-01

    Argues the importance of treating facility pressure equipment as capital assets and discusses three steps in their management process. The following steps are discussed: understanding the condition of all major equipment; altering maintenance practices and procedures; and developing a long-term equipment strategy such as increased monitoring,…

  19. Choosing a Digital Asset Management System That's Right for You

    Science.gov (United States)

    Kaplan, Deborah

    2009-01-01

    Planning is necessary in selecting the appropriate digital asset management system for your institution. Key issues one should consider in planning: the objects to be stored, where they come from, and how they will be accessed; the end users; and the needed staffing levels for system maintenance. During the development of the system requirements,…

  20. Fixed assets accounting for HANDI 2000 business management system

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, D.

    1998-08-24

    All fixed assets used by the Project Hanford Management Contract are normally acquired or built using capital funding. Replacement Property Record Units (PRUS) may be expense funded and tracked and capitalized upon installation. A specific Department of Energy capitalization policy is followed.

  1. Asset management for infrastructure systems energy and water

    CERN Document Server

    Balzer, Gerd

    2015-01-01

    The book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand asset owners expect suitable interests from their investment and business growth; on the other hand regulators focus more on a reliable and cost-effective customer supply. Thi

  2. Incentive structures in institutional asset management and their implications for financial markets

    OpenAIRE

    Bank for International Settlements

    2003-01-01

    Executive summary The institutional asset management industry has become an important feature of modern financial markets, with the scale of this business's importance readily apparent from the size of assets under management by different types of institutional asset managers. With asset management involving a delegation process, shaping appropriate incentive structures is essential for aligning the incentives of owners of funds with those of the institutional managers of these funds. Further...

  3. The economics of nature : managing biological assets

    NARCIS (Netherlands)

    Kooten, van G.C.; Bulte, E.H.

    2000-01-01

    The Economics of Nature Management takes a portfolio management perspective on the worldwide deterioration of the natural environment. For many emerging countries, nature conservation boils down to the purely economic decision of "investing" limited funds in nature potentially at the expense of inve

  4. Sustainable construction building performance simulation and asset and maintenance management

    CERN Document Server

    2016-01-01

    This book presents a collection of recent research works that highlight best practice solutions, case studies and practical advice on the implementation of sustainable construction techniques. It includes a set of new developments in the field of building performance simulation, building sustainability assessment, sustainable management, asset and maintenance management and service-life prediction. Accordingly, the book will appeal to a broad readership of professionals, scientists, students, practitioners, lecturers and other interested parties.

  5. Learning Agents for Autonomous Space Asset Management (LAASAM)

    Science.gov (United States)

    Scally, L.; Bonato, M.; Crowder, J.

    2011-09-01

    Current and future space systems will continue to grow in complexity and capabilities, creating a formidable challenge to monitor, maintain, and utilize these systems and manage their growing network of space and related ground-based assets. Integrated System Health Management (ISHM), and in particular, Condition-Based System Health Management (CBHM), is the ability to manage and maintain a system using dynamic real-time data to prioritize, optimize, maintain, and allocate resources. CBHM entails the maintenance of systems and equipment based on an assessment of current and projected conditions (situational and health related conditions). A complete, modern CBHM system comprises a number of functional capabilities: sensing and data acquisition; signal processing; conditioning and health assessment; diagnostics and prognostics; and decision reasoning. In addition, an intelligent Human System Interface (HSI) is required to provide the user/analyst with relevant context-sensitive information, the system condition, and its effect on overall situational awareness of space (and related) assets. Colorado Engineering, Inc. (CEI) and Raytheon are investigating and designing an Intelligent Information Agent Architecture that will provide a complete range of CBHM and HSI functionality from data collection through recommendations for specific actions. The research leverages CEI’s expertise with provisioning management network architectures and Raytheon’s extensive experience with learning agents to define a system to autonomously manage a complex network of current and future space-based assets to optimize their utilization.

  6. Uranium Management - Preservation of a National Asset

    Energy Technology Data Exchange (ETDEWEB)

    Jackson, J. D.; Stroud, J. C.

    2002-02-27

    The Uranium Management Group (UMG) was established at the Department of Energy's (DOE's) Oak Ridge Operations in 1999 as a mechanism to expedite the de-inventory of surplus uranium from the Fernald Environmental Management Project site. This successful initial venture has broadened into providing uranium material de-inventory and consolidation support to the Hanford site as well as retrieving uranium materials that the Department had previously provided to universities under the loan/lease program. As of December 31, 2001, {approx} 4,300 metric tons of uranium (MTU) have been consolidated into a more cost effective interim storage location at the Portsmouth site near Piketon, OH. The UMG continues to uphold its corporate support mission by promoting the Nuclear Materials Stewardship Initiative (NMSI) and the twenty-five (25) action items of the Integrated Nuclear Materials Management Plan (1). Before additional consolidation efforts may commence to remove excess inventory from Environmental Management closure sites and universities, a Programmatic Environmental Assessment (PEA) must be completed. Two (2) noteworthy efforts currently being pursued involve the investigation of re-use opportunities for surplus uranium materials and the recovery of usable uranium from the shutdown Portsmouth cascade. In summary, the UMG is available as a DOE complex-wide technical resource to promote the responsible management of surplus uranium.

  7. Asset management -- Integrated software optimizes production performance

    International Nuclear Information System (INIS)

    Developments in data collection and retrieval systems to allow timely cost analysis, financial reporting and production management are discussed. One of the most important new OLAP (on-line analytical processing) products is Energy Warehouse which gathers field information from various sources, allows advanced searches, and generates reports previously unavailable in other conventional financial accounting systems. Another OLAP-based system, the Canadian Upstream Energy System (CUES), was developed by the Oracle Corporation and the Calgary-based Applied Terravision Systems (ATS) Inc. CUES combines Oracle's universal data server software development tools with ATS's upstream financial, land, geotechnical and production applications. ATS also developed a product called IDPMARS (Integrated Daily Production Management Accounting Reporting System). It interfaces with CUES to link working interests, government royalties, administration, facility charges, lifting costs, transportation tooling, and customers by integrating field data collection systems with financial accounting

  8. Reliability centered asset management tool : The development of RACalc

    OpenAIRE

    Böös, Claes; Göransson, Richard

    2009-01-01

    Electrical distribution with high delivery quality is crucial for the society. The need for high quality power supply grows as people put more trust in electrical devices. However there are no perfect electrical distribution systems and interruptions occur randomly. To reduce the risk of outage, actions can be taken by the distribution system operator in the form of preventive maintenance. This report presents some of the methods for analysis that are available for the asset manager. The meth...

  9. Contemporary Network Theory: Concepts and Implications for Transportation Asset Management

    OpenAIRE

    Fonseca, Andrea Esperanza

    2007-01-01

    This thesis proposes a novel working paradigm for transportation infrastructure asset management by viewing the transportation networks as key components (or nodes) of a broader network of resources, which includes infrastructure linked with societyâ s ecological, social, and economic systems. An extensive review of network science literature suggested that to understand the behavior of a complex network is imperative to characterize its topology. Consequently, this thesis focused on deve...

  10. The DSN Asset Management/Maintenance Improvement Initiative

    Science.gov (United States)

    Wackley, J.; Dundics, D.

    2011-11-01

    This article describes the Asset Management/Maintenance Improvement (AMMI) initiative: the first focused Deep Space Network (DSN) initiative intended to improve the efficiency and efficacy of maintenance, support improvement in equipment reliability, and provide metrics for use in understanding equipment reliability and the use of maintenance resources. The initiative has resulted in the introduction of many new processes and procedures including the global use of a computerized maintenance management system (CMMS) and Reliability-Centered Maintenance (RCM) concepts. The work performed as part of the AMMI initiative represents significant changes to the DSN maintenance culture that has been in place for over 40 years.

  11. The Asset and Maintenance Management System (AMMS Project

    Directory of Open Access Journals (Sweden)

    Rosina Surovi Khan

    2010-07-01

    Full Text Available With the advent of ever evolving technology, it becomes necessary to manage IT information efficiently, and managing it the right way cuts down maintenance costs. A variety of IT-maintenance software products exist in the market which can be used to manage IT equipment efficiently. But often these IT-maintenance software products do not always fulfill all the IT requirements of an organization. For example, most of the IT-maintenance software products available in the market manage hardware and software assets quite well but fail to capture non-pc data such as telephone system and office material and also lack the ability to support heterogeneous networking in MAC environment. In such cases, developing a good interface to a database where IT information are stored often helps to provide good overviews, good updates and low maintenance costs. This paper is just about such a system that the author worked on. The system is called the Asset and Maintenance Management System (AMMS.

  12. Evaluation of the importance of the 39 subjects defined by the global forum for maintenance and asset management

    Directory of Open Access Journals (Sweden)

    Visser, Jacobus Krige

    2015-05-01

    Full Text Available The Global Forum on Maintenance and Asset Management (GFMAM was formed in 2011 to bring together various experts, practitioners, academics, and other professionals who are active in the field of asset and maintenance management. The primary mission of GFMAM is to develop and promote knowledge, standards, and education for the maintenance and asset management professions. To fulfil this mission, GFMAM developed an ‘Asset Management Landscape’ document, which defines 39 subjects on asset management, grouped into six main subject areas. This paper reports on two surveys that were conducted to determine the importance of the 39 asset management subjects. Respondents were requested to rate the importance of each of the 39 subjects on a five-point scale. Results from the survey indicated that the five most important subjects are ‘asset management strategy and objectives’, ‘asset management policy’, ‘strategic planning’, ‘asset management planning’, and ‘asset management leadership’.

  13. Face Recognition for Annotation in Media Asset Management Systems

    OpenAIRE

    Gröhn, Sebastian

    2013-01-01

    The goal of this thesis was to evaluate alternatives to the Wawo face recognition (fr) library, used by the company CodeMill AB in an application for video-based fr, implemented as a plugin to the media asset management system Vidispine. The aim was to improve the fr performance of the application, and the report tried to compare the performance of recent versions of Open Source Biometrics Recognition (OpenBR) and Open Source Computer Vision (OpenCV ) to Wawo.For comparison of the fr systems,...

  14. Positioning the Learning Asset Portfolio as a Key Component in an Organization's Enterprise Risk Management Strategy

    Science.gov (United States)

    McAliney, Peter J.

    2009-01-01

    This article presents a process for valuing a portfolio of learning assets used by line executives across industries to value traditional business assets. Embedded within the context of enterprise risk management, this strategic asset allocation process is presented step by step, providing readers the operational considerations to implement this…

  15. Evaluation of the importance of the 39 subjects defined by the global forum for maintenance and asset management

    OpenAIRE

    Visser, Jacobus Krige; Botha, Arnold

    2015-01-01

    The Global Forum on Maintenance and Asset Management (GFMAM) was formed in 2011 to bring together various experts, practitioners, academics, and other professionals who are active in the field of asset and maintenance management. The primary mission of GFMAM is to develop and promote knowledge, standards, and education for the maintenance and asset management professions. To fulfil this mission, GFMAM developed an ‘Asset Management Landscape’ document, which defines 39 subjects on asset manag...

  16. Asset Management Based Distributed Generation Placement from Load Growth Viewpoint

    Directory of Open Access Journals (Sweden)

    majid ghani varzaneh

    2014-10-01

    Full Text Available In this paper, by presenting the asset management model, it is tried to investigate the importance of distributed generation (DG unit placement from radial distribution system reliability indices sensitivity viewpoint and then DG placement will be carried out. Asset management model is designed and explained to maximize the benefit of distribution companies for invested capital. As the value of distribution system reliability indices depend on customers load pattern, any change in customers load pattern causes changes in distribution system reliability indices. One of the factors that changes customers load pattern, is load growth. With considering that the system hardware characteristics are being constant, the values of reliability indices are also highly dependent on load distribution. Therefore, for assessing the current studies the level of validity and the adequacy of system in future, current load distribution and load growth in future should be studied. In this paper, with optimal placement of DG, it is tried to minimize the distribution system reliability indices sensitivity in accordance with load growth in different load patterns.

  17. Prioritising maintenance improvement opportunities in physical asset management

    Directory of Open Access Journals (Sweden)

    Von Petersdorff, Hagen

    2014-11-01

    Full Text Available Physical Asset Management (PAM initiatives suffer many barriers in implementation that can hinder their influence and sustainability. One of these barriers is the lack of buy-in from all levels in the organisation, due to a lack of understanding of the perceived benefits of PAM. Organisational alignment in a PAM project is achieved by aligning employees’ views on the deficient areas in the organisation, and managing their expectations of the perceived benefits of a good application of PAM. Barriers in implementation are created, however, by the lack of a transparent method for conveying the significance of critical areas in the system and by an unclear way of communicating these problems. Typically these initiatives are constrained by available resources. In order for PAM initiatives to be successful, there first needs to be an alignment in the execution through a clear understanding of which assets are critical, so that resources can be allocated effectively. In this study, this problem is thoroughly examined, and a method is sought that seeks to isolate the effects of the maintenance function in an operation and to uncover critical areas. A study is performed on the methods that are typically used to create such understanding. This study highlights the shortcomings of these methods, which limit their applicability. A new methodology is therefore created in order to overcome these problems. The methodology is validated through a case study, where it shown to be highly beneficial in uncovering critical areas and achieving organisational alignment through the communication of results.

  18. China's Reform of State-owned Assets Management System IS Producing Notable Results

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ The 16th Party Congress in November 2002 identified the reform of state-owned assets management system as a very important task of the deepened economic reform. It marked a new stage at which China promoted SOE (State-owned Enterprise) reform and development by deepening the state-owned assets management system reform. Over the past two years, the reform of state-owned assets management system has made important progress, the SOE reform has been deepened continuously,and the strategic adjustment to the layout and structure of state economy has made new steps forward. The reform of state-owned assets management system has started to produce notable results.

  19. A Model of Human Capital Management in the Frame of Knwoledge Assets Management

    OpenAIRE

    Neagu Olimpia

    2012-01-01

    The paper aims to suggest a model of human capital management in the frame of the knowledge assets management and correlated to the organizational performance. The paper proposes to insert the system of human capital management into the knowledge management architecture. The inputs of the human capital management (education, training on the job, job experience and continual learning) are generating specific outputs (current jobs, training needs and expertise) through acquiring, sharing, creat...

  20. Perpetual Asset Management of Customer-Based Brand Equity-The PAM Evaluator

    OpenAIRE

    Pallabi Mishra and Biplab Datta

    2011-01-01

    Customers and brands are the two most important intangible assets of any organization. This is a study about managing brands from customers viewpoints named as perpetual asset management. A model named as PAM evaluator has been formulated to discuss the importance of the effect of the brand assets treated as antecedents like brand name, awareness, personality and consequences like brand preference and purchase intention on customer based brand equity. The brand Nokia has been taken for the re...

  1. The 5C model: A new approach to asset integrity management

    Energy Technology Data Exchange (ETDEWEB)

    Rahim, Yousif, E-mail: yousif.rahim@unito.i [University of Torino, Torino (Italy); Det Norske Veritas (Norway); Refsdal, Ingbjorn, E-mail: inref@statoil.co [Statoil, Bergen (Norway); Kenett, Ron S., E-mail: ron@kpa.co.i [KPA Limited, Raanana, Israel, University of Torino (Italy); NYU - Poly Center for Risk Engr, NY (United States)

    2010-02-15

    As organizations grow more complex in operation and more global in scope, assets and technical integrity become key success factors. A company's asset integrity business process needs to be mapped in order to 1) provide a proper overview of operation and business processes, 2) identify all critical interfaces and 3) ensure that all gaps and overlaps in processes are eliminated. Achieving asset integrity requires companies to sustain their activities and identify the hazards, weaknesses and objectives of their strategic assets. Technical integrity emphasizes a complete overview of technical conditions and related information, and the ability of the companies to document the technical state of its assets. It is based on an integrated view of the current state of operations, and the identification of all critical interfaces, in order to ensure that all gaps and unnecessary overlaps in processes are eliminated. Companies look increasingly at their asset integrity management system as a means to extend the life of their assets, beyond the original design conditions and production capacity. Establishing an asset integrity management system requires the documentation of the company's technical integrity management, a strategy and the processes for carrying it out, identifying gaps; selecting corrective interventions and conducting follow up actions. The paper discusses various aspects of asset integrity management, including its planning and implementation. We begin with an introduction to asset technical integrity, provide some theoretical backgrounds, present a model we call 5C and conclude with a summary and discussion.

  2. The 5C model: A new approach to asset integrity management

    International Nuclear Information System (INIS)

    As organizations grow more complex in operation and more global in scope, assets and technical integrity become key success factors. A company's asset integrity business process needs to be mapped in order to 1) provide a proper overview of operation and business processes, 2) identify all critical interfaces and 3) ensure that all gaps and overlaps in processes are eliminated. Achieving asset integrity requires companies to sustain their activities and identify the hazards, weaknesses and objectives of their strategic assets. Technical integrity emphasizes a complete overview of technical conditions and related information, and the ability of the companies to document the technical state of its assets. It is based on an integrated view of the current state of operations, and the identification of all critical interfaces, in order to ensure that all gaps and unnecessary overlaps in processes are eliminated. Companies look increasingly at their asset integrity management system as a means to extend the life of their assets, beyond the original design conditions and production capacity. Establishing an asset integrity management system requires the documentation of the company's technical integrity management, a strategy and the processes for carrying it out, identifying gaps; selecting corrective interventions and conducting follow up actions. The paper discusses various aspects of asset integrity management, including its planning and implementation. We begin with an introduction to asset technical integrity, provide some theoretical backgrounds, present a model we call 5C and conclude with a summary and discussion.

  3. GE Hitachi's parts asset management solutions (PAMS)

    International Nuclear Information System (INIS)

    To ensure operational excellence and improve plant reliability, GE Hitachi Nuclear Energy (GEH) has partnered with its customers to develop PARTS Asset Management Solutions (PAMS). PAMS is a comprehensive set of services that enable plants to proactively manage inventory, obtain after-market replacement parts quickly, and resolve obsolescence issues, ensuring operation of equipment is maintained. PAMS includes: - Electronics Exchange Service Program (EESP) - On-demand exchange service program for GE electronics parts that guarantees rapid shipment of parts, results in cost savings and eliminates all obsolescence risk. - Engineering Services (ES) - Service that finds replacement electronics parts for customers encountering obsolescence. - System Assessment Report (SAR) - Comprehensive, customised report for customer systems that provides all information needed to minimise part availability risk. - Inventory Management (IM) - Visual application based on OEM drawings and decades of industry operational experience that enables customers to proactively identify obsolescence and inventory management issues. - Material Solutions (MS) - Fixed price and lead time model that allows the customer to set-up blanket contracts or purchase orders for obtaining needed parts with a focus on reduced overall cycle time. This paper will provide an overview of PAMS and showcase a case study of the PAMS Digitized deployment for an existing GEH customer. (authors)

  4. Asset management in the grid - catchword or lever?; Assetmanagement im Netz - Schlagwort oder Hebel?

    Energy Technology Data Exchange (ETDEWEB)

    Jendernalik, Lars; Wohlfarth, Herbert [RWE Westfalen-Weser-Ems Verteilnetz GmbH, Recklinghausen (Germany)

    2009-09-15

    Asset management today is a regular part of network operators' business activities. It is striking however to see the diversity of concepts, organisational forms and types of process with which the term is associated. The present article describes the range of activities currently subsumed under asset management and examines relevant means of influencing the network business.

  5. Managing Guest as an Asset: a Conceptual Review in the Context of Accommodation Services

    OpenAIRE

    Dwi Suhartanto

    2015-01-01

    This article discusses the concept of a customer as an asset of business in the accommodation industry. The purpose of this article is to examine the value of guests as a firm asset and to propose a model for managing guests as an asset in the context of accommodation services. A guest is considered an asset due to its role in providing revenue to the accommodation firm. Because of this role, the accommodation guest needs to be managed appropriately. This article argues that guest service eva...

  6. THEORETICAL ASPECTS OF THREE-ASSET PORTFOLIO MANAGEMENT

    OpenAIRE

    Michal ŠOLTÉS

    2012-01-01

    The paper deals with three-asset portfolio. It focuses on ordinary investor, for whom the Markowitz’s theory of selection of optimal portfolio is often too difficult to use in practise. In the paper, new formulas for calculation of the weights of the assets in three-asset portfolio optimised according to the risk measured by standard deviation are being derived. The paper also deals with comparison of optimisation of two- and three-asset portfolio. Also the formulas for calculation of weights...

  7. The role of responsible investing in reputation management - A case study of an asset management company

    OpenAIRE

    Rankila, Oskari

    2011-01-01

    AALTO SCHOOL OF ECONOMICS ABSTRACT International Business Communication Master’s Thesis April 20, 2011 Oskari Rankila The Role of Responsible Investing in Reputation Management A Case Study of an Asset Management Company Objectives of the study The objective of this study was to investigate the role of responsible investing (RI) in reputation management. The study aims to explore the perceptions of the case company’s employees and its institutional clients about commu...

  8. Sovereign Wealth and Risk Management. A New Framework for Optimal Asset Allocation of Sovereign Wealth

    OpenAIRE

    Bodie, Zvi; Brière, Marie

    2013-01-01

    This paper sets out a new analytical framework for optimal asset allocation of sovereign wealth, based on the theory of contingent claim ana lysis (CCA) applied to the sovereign’s economic balance sheet. A country solves an asset-l iability management (ALM) problem between its sources of income and its expenditures. We derive analytically the optimal asset allocation of sovereign wealth, taking explic it account of all sources of risks affecting the sovereign’s balance sheet. The optima l com...

  9. Decision-Oriented Project Ranking for Asset Management System: Rail Net Denmark

    DEFF Research Database (Denmark)

    Salling, Kim Bang; Moshøj, Claus Rehfeld; Timm, Henrik;

    2007-01-01

    The Danish rail net operator, Rail Net Denmark, has through the past years built up an Asset Management system, containing a certain percentile of all the company’s assets. This paper contains an elaborate overview on how to strengthen the system seen from a decision-support perspective. The focus...

  10. Research on Knowledge Assets Assessment Based on the Context of the Global Knowledge Management

    OpenAIRE

    Jiansheng Tang; Chenghong Li

    2010-01-01

    This article thinks that knowledge management includes knowledge learning and knowledge innovation, thevalue of knowledge in these two areas is produced, and after these two processes, have knowledge assets. In thispaper, the ideas and methods of assessment about knowledge assets are proposed in the field of knowledgemanagement, and analysis and research on these methods.

  11. Management problems intangible assets of private enterprise on the basis of its assessment of the level of investment activity

    OpenAIRE

    Приймачук, Ирина Васильевна

    2015-01-01

    The article studies the economic substance of the category of «intangible assets». The definition of this economic category. Calculation of the value of intangible assets is based on the calculation of the current value of the investment in the creation of these assets. The necessity of allocating costs of investment character of the totality of the cost of the intangible assets. Expanded classification of areas for management intangible assets by assessing the level of investment activity an...

  12. Time Consistent Strategies for Mean-Variance Asset-Liability Management Problems

    Directory of Open Access Journals (Sweden)

    Hui-qiang Ma

    2013-01-01

    Full Text Available This paper studies the optimal time consistent investment strategies in multiperiod asset-liability management problems under mean-variance criterion. By applying time consistent model of Chen et al. (2013 and employing dynamic programming technique, we derive two-time consistent policies for asset-liability management problems in a market with and without a riskless asset, respectively. We show that the presence of liability does affect the optimal strategy. More specifically, liability leads a parallel shift of optimal time-consistent investment policy. Moreover, for an arbitrarily risk averse investor (under the variance criterion with liability, the time-diversification effects could be ignored in a market with a riskless asset; however, it should be considered in a market without any riskless asset.

  13. Asset Management The State of the Art in Europe from a Life Cycle Perspective

    CERN Document Server

    Herder, Paulien; Wijnia, Ype

    2012-01-01

    In the past decades asset intensive companies have witnessed a number of regulatory changes and especially industry is facing ever increasing competitiveness. To overcome these challenges different asset management methods have been developed aimed to improve the asset life cycle. Especially the design phase and operation and maintenance phase have seen a rise in tools and methods. Smarter design can lead to improved operation. Likewise, improved operation and maintenance leads to lower replacement costs and may provide the basis for better design.   This book brings together and coherently presents the current state of the art in asset management research and practice in Europe from a life cycle perspective. Each chapter  focuses on specific parts of this life cycle and explains how the methods and techniques described are connected and how they improve the asset life cycle, thus treating this important subject from a unique perspective.

  14. COOPERATION WITH ASSETS MANAGEMENT COMPANIES AS THE INVESTMENT ACTIVITY OF INSURANCE COMPANIES

    OpenAIRE

    Sinitsyna, T.

    2008-01-01

    The article explores the peculiarities of investment activity of local insurance companies there is analyze of one of the option using the investment opportunities of insurance companies in the way of cooperation with assets management companies.

  15. Rule-Based Analytic Asset Management for Space Exploration Systems (RAMSES) Project

    Data.gov (United States)

    National Aeronautics and Space Administration — Currently, the state-of-the-art in space asset tracking and information management is bar-coding with relational database support. To support NASA's need for...

  16. Rule-Based Analytic Asset Management for Space Exploration Systems (RAMSES) Project

    Data.gov (United States)

    National Aeronautics and Space Administration — Payload Systems Inc. (PSI) and the Massachusetts Institute of Technology (MIT) were selected to jointly develop the Rule-based Analytic Asset Management for Space...

  17. Can we delay the replacement of this component?-an asset management approach to the question [for electric utilities

    DEFF Research Database (Denmark)

    Østergaard, Jacob; Jensen, A. Norsk

    2001-01-01

    Asset management is emerging as a new approach on how to exploit an electric utility physical asset in the most profitable way. One of the major questions to answer by the asset management staff is when to do replacements? This is a difficult question, which require weighting of several parameter...

  18. Perpetual Asset Management of Customer-Based Brand Equity-The PAM Evaluator

    Directory of Open Access Journals (Sweden)

    Pallabi Mishra and Biplab Datta

    2011-01-01

    Full Text Available Customers and brands are the two most important intangible assets of any organization. This is a study about managing brands from customers viewpoints named as perpetual asset management. A model named as PAM evaluator has been formulated to discuss the importance of the effect of the brand assets treated as antecedents like brand name, awareness, personality and consequences like brand preference and purchase intention on customer based brand equity. The brand Nokia has been taken for the research. Hypotheses have been proposed and tested by using Structural Equation M odeling (SEM.

  19. Wealth Management, Asset Allocation and its relevance in the Singapore context

    OpenAIRE

    Ng, Kian Soon

    2008-01-01

    This paper tackles the necessity of wealth management for individuals, looks at the current trends of wealth management in the country. It will discuss the details of the different investible asset classes in Singapore and provide recommendation on how an individual can structure his investments across different asset classes to achieve a sizeable portfolio by the time he retires with the objective to earn good returns over the long term. It starts by reviewing the recent development o...

  20. Model of managing pension assets of the defined contribution mandatory state pension system

    OpenAIRE

    Rudensky Roman A.

    2014-01-01

    Introduction of the defined contribution mandatory state pension system in Ukraine actualises the issue of efficient management of its pension assets. The goals of the article are development of theoretical and methodical provisions and development of the economic and mathematical model of management of pension assets of the defined contribution pension system on the basis of the fuzzy set approach. The necessity to refer to the theory of fuzzy sets when modelling this process is caused by, f...

  1. A dynamic decision model for portfolio investment and assets management

    Institute of Scientific and Technical Information of China (English)

    QIAN Edward Y.; FENG Ying; HIGGISION James

    2005-01-01

    This paper addresses a dynamic portfolio investment problem. It discusses how we can dynamically choose candidate assets, achieve the possible maximum revenue and reduce the risk to the minimum level. The paper generalizes Markowitz's portfolio selection theory and Sharpe's rule for investment decision. An analytical solution is presented to show how an institutional or individual investor can combine Markowitz's portfolio selection theory, generalized Sharpe's rule and Value-at-Risk(VaR) to find candidate assets and optimal level of position sizes for investment (dis-investment). The result shows that the generalized Markowitz's portfolio selection theory and generalized Sharpe's rule improve decision making for investment.

  2. Management of marketing activities of research companies on the basis of rating evaluation of intangible assets

    OpenAIRE

    O.V. Kudyrko

    2013-01-01

    The article considered the essence of management of marketing research companies on the basis of intangible assets ratings.Despite the quantitative growth of the research market remain actual such problem as the market niche definition, the formation of own customer network, the effective positioning on the market. There are no objections that it is impossible to win the competition relying only on the strengths of tangible assets using. Competitive of the research companies is determined by ...

  3. Knowledge Management: the way companies generate, communicate and leverage their intellectual assets.

    OpenAIRE

    Choong, Wai Hoong

    2004-01-01

    The dissertation title is “Knowledge Management: the way companies generate, communicate and leverage their intellectual assets.” The dissertation focuses on how organisations generate knowledge, in terms of information processing or via knowledge creation and innovation. The research also investigates how organisations communicate their acquired knowledge within the organizations’ individuals and groups and the ways organisation leverages their intellectual assets to obtain competitive advan...

  4. The Enterprise Value Creation Management Process and Intangible Assets - the CERM/ROIAM Approach (Japanese)

    OpenAIRE

    Kariya, Takeaki

    2006-01-01

    As Robert Redfield has stated, culture is a shared common knowledge and understanding to be manifested in behavior and processed goods. Intangible assets are the fundamental source of enterprise value creation. In this paper we first aim to clarify the compound, complex and multilayered processes whereby intangible assets contribute to value creation, and then aim to formulate the framework of an effective and comprehensive management process referred to as CERM/ROIAM. This approach makes it ...

  5. Management and auditing of bank assets and capital / T. Bosch

    OpenAIRE

    Bosch, Thahir

    2008-01-01

    As a result of the new regulatory prescripts for banks, known as the Basel II Capital Accord, there has been a heightened interest in the auditing process. We consider this issue with a particular emphasis on the auditing of reserves, assets and capital in both a random and non-random framework. The analysis relies on the stochastic dynamic modelling of banking items such as loans, shares, bonds, cash, reserves, Treasuries, outstanding debts, bank capital and government subsidies. In this reg...

  6. On-Orbit Asset Management System, September 1995. Final report

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-10-10

    Declining budgets have prompted the need to decrease launch cost, increase satellite lifetime, and accomplish more with each satellite. This study evaluates an OOAMS system for its ability to lengthen lifetime of on-orbit assets, decrease the number of satellites required to perform a mission, increase responsiveness, and provide increased mission capability/tactical advantage. Lifetime analysis suggest that the larger satellite systems (NASA and military communication systems, surveillance satellites and earth observing satellites) would benefit most from a nuclear bimodal OOAMS. Evaluation of satellite constellations indicate that a modest reduction in the number of satellites could be realized using OOAMS if the thermal restart capability was at least ten. An OOAMS could improve the responsiveness (launching of new assets) using on-orbit reconstitution of assets. A top level utility assessment was done to address system cost issues relating to funding profiles, first unit cost, and break-even analysis. From mission capture and orbital lifetime criteria, the recommended minimum orbital altitude is 900 km. The on-orbit thermal restart capability should be increased from five to ten. Analysis of total impulse vs propellant consumed for selected missions suggests that total impulse be increased from 40 million to 48 million Newton-seconds.

  7. Risk based bridge data collection and asset management and the role of structural health monitoring

    Science.gov (United States)

    Omenzetter, Piotr; Bush, Simon; Henning, Theunis; McCarten, Peter

    2011-04-01

    Bridges are critical to the operation and functionality of the whole road networks. It is therefore essential that specific data is collected regarding bridge asset condition and performance, as this allows proactive management of the assets and associated risks and more accurate short and long term financial planning. This paper proposes and discusses a strategy for collection of data on bridge condition and performance. Recognizing that risk management is the primary driver of asset management, the proposed strategy prioritizes bridges for levels of data collection including core, intermediate and advanced. Individual bridges are seen as parts of wider networks and bridge risk and criticality assessment emphasizes bridge failure or underperformance risk in the network context. The paper demonstrates how more reliable and detailed data can assist in managing network and bridge risks and provides a rationale for application of higher data collection levels for bridges characterized by higher risk and criticality. As the bridge risk and/or criticality increases planned and proactive integration of structural health monitoring (SHM) data into asset management is outlined. An example of bridge prioritization for data collection using several bridges taken from a national highway network is provided using an existing risk and criticality scoring methodology. The paper concludes with a discussion on the role of SHM in data collection for bridge asset management and where SHM can make the largest impacts.

  8. IoT-based Asset Management System for Healthcare-related Industries

    Directory of Open Access Journals (Sweden)

    Lee Carman Ka Man

    2015-11-01

    Full Text Available The healthcare industry has been focusing efforts on optimizing inventory management procedures through the incorporation of Information and Communication Technology, in the form of tracking devices and data mining, to establish ideal inventory models. In this paper, a roadmap is developed towards a technological assessment of the Internet of Things (IoT in the healthcare industry, 2010–2020. According to the roadmap, an IoT-based healthcare asset management system (IoT-HAMS is proposed and developed based on Artificial Neural Network (ANN and Fuzzy Logic (FL, incorporating IoT technologies for asset management to optimize the supply of resources.

  9. New Challenges for Asset Managers in the Danish Social Housing Sector

    DEFF Research Database (Denmark)

    Haugbølle, Kim; Engberg, Lars A.

    2004-01-01

    ’ involvement. 2. New partnerships with the building industry. 3. Moving towards a European internal market of construction products. The paper explores and analyses these three challenges by drawing on a number of case studies as well as a re-analysis of current research on management of renewal and building......During the 1990s, the social housing sector in Denmark has undergone a number of changes. New trends are forcing asset managers to rethink their roles and strategies. In this changing context, asset managers have been confronted with strategic challenges on three topics: 1. New modes of tenants...

  10. 75 FR 1632 - Public Housing Assessment System (PHAS): Asset Management Transition Year 2 Information

    Science.gov (United States)

    2010-01-12

    ... ``Transition Year 2.'' FOR FURTHER INFORMATION CONTACT: The Office of Public and Indian Housing, Real Estate..., 1998 (63 FR 46596). Prior to 1998, PHAs were evaluated by HUD under the Public Housing Management... Register notice FR-5227- N-01, Public Housing Assessment System (PHAS): Asset Management Transition...

  11. INFORMATION SECURITY OF THE ACCOUNTING OF ASSETS AT CERTIFICATION OF MANAGEMENT SYSTEMS

    Directory of Open Access Journals (Sweden)

    Miroshnichenko M. A.

    2015-09-01

    Full Text Available Process of a choice for the organization of assets at design of information security management system is presented in article. There is the way in article how to design, introduce and certify information security management system at various requirements

  12. Managing Guest as an Asset: a Conceptual Review in the Context of Accommodation Services

    Directory of Open Access Journals (Sweden)

    Dwi Suhartanto

    2015-10-01

    Full Text Available This article discusses the concept of a customer as an asset of business in the accommodation industry. The purpose of this article is to examine the value of guests as a firm asset and to propose a model for managing guests as an asset in the context of accommodation services. A guest is considered an asset due to its role in providing revenue to the accommodation firm. Because of this role, the accommodation guest needs to be managed appropriately. This article argues that guest service evaluation (i.e. service quality, perceived value, and guest satisfaction and service loyalty are important factors in the development of guest lifetime value. The proposed model of managing guests as an asset consists of marketing instruments, service evaluation, guest loyalty, and financial outcomes provides a comprehensive guide on how accommodation firms can manage the lifetime value of their guests. Finally, as there are limited studies examining this issue, future research should test the proposed model.

  13. Sustainable Water Infrastructure Asset Management: A Gap Analysis of Customer and Service Provider Perspectives

    Directory of Open Access Journals (Sweden)

    Sangjong Han

    2015-09-01

    Full Text Available The ultimate goal of urban water infrastructure asset management may be sustainable water supply with satisfaction for customers. In this work, we attempted to evaluate the gaps between the perspectives of customers and service providers in Korea’s water infrastructure asset management. To evaluate the customers’ perspective, a hierarchical questionnaire survey was conducted to estimate the weights of influence for six customer values and their attributes on Korean water utility management. To evaluate the service providers’ perspective, an AHP (Analytic Hierarchy Process analysis was performed to estimate the weights of influence for the customer values and their PIs (performance indicators. The gap analysis results show that customers place higher value on customer service satisfaction (emotion and information than do the service providers (managers, whereas the managers place more value on affordability than do the customers. The findings from this work imply that improving customer service is effective in satisfying the desirable water LOS (level of service for customers. Recommendations have also been provided for administrators and engineers to develop integrated decision-making systems that can reflect customer needs regarding the improvement of their water infrastructure asset management. The findings from this work may be helpful for the Korean government and water supply utilities in improving the sustainability of their water infrastructure asset management.

  14. Management of marketing activities of research companies on the basis of rating evaluation of intangible assets

    Directory of Open Access Journals (Sweden)

    O.V. Kudyrko

    2013-06-01

    Full Text Available The article considered the essence of management of marketing research companies on the basis of intangible assets ratings.Despite the quantitative growth of the research market remain actual such problem as the market niche definition, the formation of own customer network, the effective positioning on the market. There are no objections that it is impossible to win the competition relying only on the strengths of tangible assets using. Competitive of the research companies is determined by using not only productive assets and financial resources, but also intangible assets. Thus, there is a need of using special tools for competitiveness improving. In such circumstances, the development and increase of intangible assets as estimated part of research companies can be a tool for services of research companies promotion.The aim of the article. In the article is outlined the role of marketing activities management of the research companies based on ratings and creation of the ranking algorithm for research companies by the development of intangible assets. After having formed a clear idea about the role of intangible assets in the manufacturing process of research organizations can be identified areas of the efficiency of the company improving and development its strategy on the market that will provide future growth and competitiveness of research companies.The results of analysis. Research companies are interested in certain ratings of intangible assets indicators of their activities. Conducted rating score will serve as an indicator of the company's competitiveness on the market and determine the degree of intangible assets. Feature is the development level of intangible assets that will be estimated in terms of appropriate research companies` customer, which in turn will determine the positioning of the company in the potential consumers minds.Ratings using in the management of marketing activities of research companies will be named rating

  15. Model of managing pension assets of the defined contribution mandatory state pension system

    Directory of Open Access Journals (Sweden)

    Rudensky Roman A.

    2014-01-01

    Full Text Available Introduction of the defined contribution mandatory state pension system in Ukraine actualises the issue of efficient management of its pension assets. The goals of the article are development of theoretical and methodical provisions and development of the economic and mathematical model of management of pension assets of the defined contribution pension system on the basis of the fuzzy set approach. The necessity to refer to the theory of fuzzy sets when modelling this process is caused by, firstly, absence of rather complete consistent “a priori” information, secondly, uncertainty of flows of insurance contributions and pension payments and, thirdly, significant influence of the instable market environment upon investment processes. The proposed fuzzy set economic and mathematical model of the task of optimal management of pension assets of the defined contribution system is a target function of minimisation of the investment risk as the risk of insufficiency of net pension assets and system of restrictions that reflect restriction of the investment activity with pension assets of the defined contribution pension system, determined by the current pension legislation.

  16. Development of Asset Fault Signatures for Prognostic and Health Management in the Nuclear Industry

    Energy Technology Data Exchange (ETDEWEB)

    Vivek Agarwal; Nancy J. Lybeck; Randall Bickford; Richard Rusaw

    2014-06-01

    Proactive online monitoring in the nuclear industry is being explored using the Electric Power Research Institute’s Fleet-Wide Prognostic and Health Management (FW-PHM) Suite software. The FW-PHM Suite is a set of web-based diagnostic and prognostic tools and databases that serves as an integrated health monitoring architecture. The FW-PHM Suite has four main modules: Diagnostic Advisor, Asset Fault Signature (AFS) Database, Remaining Useful Life Advisor, and Remaining Useful Life Database. This paper focuses on development of asset fault signatures to assess the health status of generator step-up generators and emergency diesel generators in nuclear power plants. Asset fault signatures describe the distinctive features based on technical examinations that can be used to detect a specific fault type. At the most basic level, fault signatures are comprised of an asset type, a fault type, and a set of one or more fault features (symptoms) that are indicative of the specified fault. The AFS Database is populated with asset fault signatures via a content development exercise that is based on the results of intensive technical research and on the knowledge and experience of technical experts. The developed fault signatures capture this knowledge and implement it in a standardized approach, thereby streamlining the diagnostic and prognostic process. This will support the automation of proactive online monitoring techniques in nuclear power plants to diagnose incipient faults, perform proactive maintenance, and estimate the remaining useful life of assets.

  17. Managerial Stress Management as an Asset in People Management Being a Marketing Strategy Element

    Directory of Open Access Journals (Sweden)

    Branislav Radnović

    2013-07-01

    Full Text Available Any service organization operating under turbulent market conditions must have a successful marketing strategy. A successful marketing strategy implies proper management of all elements within a marketing mix: service package, price, distribution channels, promotion, service process, service ambience and people. People, i.e. primarily the employed within an organization are one of the elements that must be appropriately considered when drawing up and implementing a marketing strategy. Proper personnel management must nowadays include good management of managerial stress. Adequate managerial stress management is preconditioned by successful identification of sources of managerial stress. The aim of this paper is to present the importance of proper and timely identification of sources of managerial stress. The paper demonstrates the carried out scientific research based on a method that is universal for all types of organizations, regardless of their type and activity, in order to precisely identify the sources of managerial stress and define its proper management, as an asset in people management, which is an element of marketing strategy. The research was conducted using a survey, sampling 100 employees in 13 organizations throughout Serbia. Survey results indicated that the most important sources of managerial stress are: participation in decision-making, selection process, earnings, and time and deadlines pressure. Therefore, recommendations are provided for directing identified sources of managerial stress towards successful management of people as an element of marketing strategy.

  18. Adding intelligence to mobile asset management in hospitals: the true value of RFID.

    Science.gov (United States)

    Castro, Linda; Lefebvre, Elisabeth; Lefebvre, Louis A

    2013-10-01

    RFID (Radio Frequency Identification) technology is expected to play a vital role in the healthcare arena, especially in times when cost containments are at the top of the priorities of healthcare management authorities. Medical equipment represents a significant share of yearly healthcare operational costs; hence, ensuring an effective and efficient management of such key assets is critical to promptly and reliably deliver a diversity of clinical services at the patient bedside. Empirical evidence from a phased-out RFID implementation in one European hospital demonstrates that RFID has the potential to transform asset management by improving inventory management, enhancing asset utilization, increasing staff productivity, improving care services, enhancing maintenance compliance, and increasing information visibility. Most importantly, RFID allows the emergence of intelligent asset management processes, which is, undoubtedly, the most important benefit that could be derived from the RFID system. Results show that the added intelligence can be rather basic (auto-status change) or a bit more advanced (personalized automatic triggers). More importantly, adding intelligence improves planning and decision-making processes.

  19. Application of Q-Measure in a Real Time Fuzzy System for Managing Financial Assets

    Directory of Open Access Journals (Sweden)

    Penka Georgieva

    2012-12-01

    Full Text Available One of the major problems that a financial manager faces is the enormous amount of financial data. Thereis a variety of software systems used to support the process of investment decision making. In this paper, asoftware system for financial asset management is presented. The system is based on fuzzy logic, operatesin real time and differs from existing systems for portfolio management in five key aspects. The system istested on real data from Bulgarian Stock Exchange

  20. Decision support tools: Review of risk models in drinking water network asset management

    OpenAIRE

    Large, A; Le Gat, Y.; Elachachi, S. M.; Renaud, E.; D. Breysse

    2014-01-01

    An objective of infrastructure asset management of drinking water network is to minimize risks (service outage, or disruption of vehicular traffic...). However there are several methods to assess their frequency. This paper first discusses the different models used in predicting the structural deterioration, because it is a compulsory preliminary step to calculate risk. Risk models for service outage are then discussed.

  1. Managing intangible assets: An essay on organising contemporary organisations based upon identity, competencies and networks

    NARCIS (Netherlands)

    Schoemaker, M.J.R.; Jonker, J.

    2005-01-01

    - Purpose – To develop a concept of managing intangible assets in contemporary organisations. Insight is given into the rise of the network organisation and the importance of talent, social capital and identity in this kind of organisation. - Design/methodology/approach – This paper develops a conce

  2. A Case Study of Implications and Applications of Standardized Nomenclature for Asset Management in Healthcare

    Science.gov (United States)

    DeFrancesco, Jennifer A.

    2016-01-01

    Healthcare organizations strive to adapt to the continuous change in what has become a fast-paced, high technology environment. Many organizations are charged to find efficiencies to better manage medical device assets. Increasingly, healthcare leaders opt to adopt a standardized medical device nomenclature under the purview of a set of national…

  3. Value focused thinking: An approach to structure company values for asset risk management

    NARCIS (Netherlands)

    Van der Lei, T.E.; Ligtvoet, A.

    2012-01-01

    For public and semi public organizations the use of risk assessment matrices is becoming a standard approach for asset management decisions. The risk matrix allows companies to assess the chance and effects of different risks with respect to proposed investment decisions. When the values in the risk

  4. 30 years of reform of China’s state-owned asset management system

    Institute of Scientific and Technical Information of China (English)

    黄速建; 金书娟

    2009-01-01

    Reform of China’s state-owned asset management system is an important component of China’s economic system reform,but also a key factor in rejuvenating the national economy.In this article,the authors analyzed the background of the reform,summarized the reform process and discussed related question on how to deepen the reform.

  5. Analysing outsourcing policies in an asset management context: a six-stage model

    NARCIS (Netherlands)

    Schoenmaker, R.; Verlaan, J.G.

    2013-01-01

    Asset managers of civil infrastructure are increasingly outsourcing their maintenance. Whereas maintenance is a cyclic process, decisions to outsource decisions are often project-based, and confusing the discussion on the degree of outsourcing. This paper presents a six-stage model that facilitates

  6. Asset allocation in private wealth management: theory versus practice

    OpenAIRE

    Schröder, David

    2013-01-01

    This study analyzes the responses to a representative survey of wealth advisors on private wealth management practices, and compares the advisors' views to academic research in household finance. This study demonstrates that many wealth managers do not apply novel insights proposed by financial economists when advising their clients. Many practitioners focus on managing only the market risk exposure of their clients' portfolios. Although financial research has stressed the importance of incor...

  7. Managing nursing assets: a primer on maximizing investment in people.

    Science.gov (United States)

    Flannery, T P; Grace, J L

    1999-01-01

    Nurse managers require critical competencies and skills to thrive in today's turbulent health care environment. A nurse manager's relationship with nursing staff is the primary variable that can reduce nursing turnover and improve unit morale in a variety of measurable ways. Self-confidence is the cornerstone competency required for the nurse manager's success. Nurse managers set the context for the delivery of patient services. To do so effectively, a working partnership with finance and human resources is required. Both functions can provide essential information for real time decision making, including variance analysis, flexible budgets, absenteeism rating, turnover rate, and innovative compensation programs. PMID:10711141

  8. The Shamans of Wall Street: a real conundrum in Finance: Why systematically poor performing asset managers survive?

    Directory of Open Access Journals (Sweden)

    Francisco A. Delgado

    2012-06-01

    Full Text Available In this paper we propose a behavioral explanation for the survival of poorly performing asset managers. We argue that, in general, asset managers make use of copious amounts of correct but useless information to convince investors about their supposed superior ability to interpret the market. Their marketing skills and motivational speeches seem to be enough to maintain asset managers in business regardless of the results. We present data that show how bad a number of asset managers can be. We also show how prevalent asset managers’ underperformance is. We argue that some Wall Street professionals are able to fool almost all of their clients most of the time into believing that they add value in the services they provide while the data show that this is not true. What we cannot show with this data is whether managers actually believe they are as good as they claim they are, or are not just shamans, albeit shameless as well.

  9. ASSET ALLOCATION – INSTRUMENT FOR RISK MANAGEMENT IN THE CAPITAL MARKET

    Directory of Open Access Journals (Sweden)

    Saša Stevanović

    2011-01-01

    Full Text Available This paper aims to point to one ofthe main reasons for poor performance ofindividual and institutional investors in theinvestment process. The first step that is proposedwhen investing is defining investment policy(Investment Policy Statement – IPS. Mostindividual and institutional investors in BH have noclearly defined investment policy. By respectingsimple rules that the investment process involvesthe beginner’s mistakes could have been avoided toa great extent and financial losses in investorsportfolios could have been reduced as well.Practicing concept of assets allocation, mutualfunds would preserve the value of assets undermanagement in the amount of BAM 213 million forits 417,000 shareholders. Assets allocation involvesmaking decisions about the choice betweendifferent classes of assets in the portfolio. Thisconcept explains between 80% and 90% of portfolioperformance measured by return on investment.Passivity of investment funds has led to illiquidity ofthe market, preventing the restructuring of theissuers at the Banja Luka Stock Exchange, theabsence of support for the process of incorporationand slowing down the process of creating newfinancial instruments in domestic market. Withadequate assets allocation investors manage andcontrol the portfolio risk, increase yield, introducediscipline in the investment process and become"intelligent investors."

  10. Deploying a sewer asset management strategy using the indigau decision support system

    OpenAIRE

    Debères, P.; Ahmadi, Mehdi; De Massiac, J.C.; Le Gauffre, Pascal; Cherqui, Frédéric; Werey, Caty; Nirsimloo, K.

    2011-01-01

    International audience; This paper presents the first real implementation of INDIGAU asset management toolbox based on French national RERAU methodology. This toolbox allows the utility manager or consultant to define a rehabilitation program using CCTV reports and other indicators such as economic, social or environmental indicators. The methodology is described and each element of the toolbox is briefly introduced: conversion of CCTV reports in EN 13508-2 coding system, assignment of a cond...

  11. IoT-based Asset Management System for Healthcare-related Industries

    OpenAIRE

    Lee Carman Ka Man; Cheng Mei Na; Ng Chun Kit

    2015-01-01

    The healthcare industry has been focusing efforts on optimizing inventory management procedures through the incorporation of Information and Communication Technology, in the form of tracking devices and data mining, to establish ideal inventory models. In this paper, a roadmap is developed towards a technological assessment of the Internet of Things (IoT) in the healthcare industry, 2010–2020. According to the roadmap, an IoT-based healthcare asset management system (IoT-HAMS) is proposed and...

  12. Infrastructure asset management: The valuation of complex objects

    NARCIS (Netherlands)

    Verlaan, J.G.; De Ridder, H.A.J.

    2010-01-01

    For two years now, Rijkswaterstaat, an agency of the Dutch Ministry of Transport, Public Works and Water Management, is required to have a financial administration, which is based on accrual accounting principles. This involves the use of a balance sheet and the equivalent of a profit and loss state

  13. Human Resource Management: An Invaluable Asset or an Ineffective Burden?

    OpenAIRE

    Gow, Christopher

    2011-01-01

    In the current economic climate, making the most of the resources that one has available to them is considered key. In the past, the employees of a company have not always been considered as resources but it is clear that times are changing. The topic of Human Resource Management is one that has been discussed in great detail over the years but it is still felt that it is lacking the attention it deserves. Traditional business functions such as Sales or Finance have dominated headlines in the...

  14. 高校固定资产管理研究%Management of Fixed Assets in Colleges and Universities

    Institute of Scientific and Technical Information of China (English)

    王宏伟

    2011-01-01

    本文阐述了高校固定资产管理的作用,指出了高校固定资产管理存在的问题以及进一步加强固定资产管理的措施.%This paper describes the role of fixed assets management in colleges and universities, points out the problems in the management of fixed assets in colleges and universitie and the further measures to strengthen the management of fixed assets.

  15. DETECTING ASSET IMPAIRMENT EARNINGS MANAGEMENT ON IFRS CONTEXT: SOME EVIDENCE FROM GREEK LISTED COMPANIES

    Directory of Open Access Journals (Sweden)

    Ekaterini C. Laskaridou

    2014-01-01

    Full Text Available The purpose of this study is two fold: (a to bring on issues of asset impairment manipulation in the IFRS context (b to examine, any statistical inference validating impairment discretionary charges and firms’ earning experience. The Impairment Accounting Standard (IAS 36, enters new requirements for asset impairment provided to satisfying accrued loss amounts. Earning Management through the use of asset impairments within constrains of taking accounting process results to income manipulation representing (a an external demand to meet earnings forecasts (b internal demand for communicating board’ level performance. We expect to present a critical view of the earnings discretion and provide an answer on the prevailing content of asset impairment. The sample constituted of 236 firms, listed in the Greek Stock Exchange Market on the basis of impairment observations. We analyze the earnings levels for impairer companies, for 2004-2012 years. Findings suggest (a firms recording impairment charges possess lower earnings than do their counterparts not recording write downs and (b the impairment losses are likely reported as timely opportunity to taking “big bath” and increasing future earnings. However we estimate that Greek firms’ operating performance is engaged to earning adjustments on (a taxable environment and (b new accounting rules liable to income strategies."

  16. The integration of performance measurement and asset-and-liability management / John Singleton Janse van Rensburg

    OpenAIRE

    Van Rensburg, John Singleton Janse

    2008-01-01

    The financial intermediation function that a bank performs dictates the existence of a risk-reward trade-off embedded within a bank's balance sheet. The process of risk management focuses on achieving the broader organisational objectives relating to this risk-reward trade-off. Measuring the contribution of risk to profitability is pivotal in assessing the optimality of a bank's risk-reward trade-off. Conventional accounting-based performance measures such as return on assets and return on eq...

  17. Landslide hazard assessment and characterisation for forestry asset management in Great Britain

    OpenAIRE

    Foster, C.; Reeves, H. J.; Pennington, C; Hobbs, P.R.N.; Culshaw, M.G.; Plim, J.; Smith, J.T.; MacCulloch, F.; Queen, G.; Winter, M. G.

    2012-01-01

    Between 2008 and 2010, the British Geological Survey (BGS) carried out 2 separate studiesto identify and quantify landslide hazards with the potential to affect third party assets (infrastructure, property and communities) in Scottish Forestry Commission managed land (with the Transport Research Laboratory) and in Wales. A desk-based investigation analysed a range of information, including: the BGS National Land-slide Database, National Digital Geological Mapping (DiGMap50), landslide potenti...

  18. Portfolio Risk Management and Capital asset Pricing Model : Case: The comparison among the portfolio in the same and different regions

    OpenAIRE

    Liem Nguyen, Thanh

    2015-01-01

    The objective of this thesis is to figure out the profitability in stock investment through portfolio risk management and the practical application of Capital Asset Pricing Model (CAPM) in specific empirical study. In this paper, readers will have the overall information about different aspects of portfolio risk management, the role of diversification in investment, general knowledge about Capital Asset Pricing Model as well as its contribution in investment evaluation. Additionally, the stud...

  19. 浅析医院固定资产管理%Analysis on hospital management of fixed assets

    Institute of Scientific and Technical Information of China (English)

    彭雪涛

    2013-01-01

    目的:浅析医疗机构在固定资产管理过程中出现的问题及固定资产时间性价值管理。借助货币时间性价值增强医疗机构固定资产管理理念。方法:通过分析医疗机构中固定资产易出现的问题完善其固定资产管理;凭借货币性时间价值理念管理好固定资产,同时为固定资产的效益分析奠定基础。结果:在医疗机构固定资产管理中,完善管理,利用货币性时间价值来考核固定资产成本效益。结论:通过货币性时间价值衡量固定资产的管理,使医疗机构的固定资产管理达到一个新高度。%Objective:To analyze the process of fixed assets management problems and the value of timeliness of fixed assets management. With the monetary value of timeliness, fixed assets management ideas to enhance the medical industry. Methods:through the analysis of fixed assets in medical industry is easy to appear the problem to improve the health care industry management of fixed assets, with the currency time value concept to manage the fixed assets, as well as lay the foundation of benefit analysis of fixed assets. Results: in the health care industry fixed assets management, perfect the management, use cost benefit assessment of monetary time value to fixed assets. Conclusion:through the monetary time value to measure the management of fixed assets, fixed assets management of the medical industry reached a new height.

  20. The role of enterprise asset management system in the PVO group`s business

    Energy Technology Data Exchange (ETDEWEB)

    Jaervinen, J. [RAMSE Consulting Oy, Helsinki (Finland)

    1998-12-31

    This presentation describes the role of the Enterprise Asset Management (EAM) and Enterprise Document Management (EDM) in the PVO Group`s business. The use of the functionality of the EAM (Immpower) and EDM (Documentum) is not limited only to the plant maintenance. All power plants and some other business functions and units will use the system in the future for financial management, activity based costing, purchasing, of materials, office supplies and fuel, invoice matching, project budgeting and costing, real estate management etc. The technical service concept of IT solution is also described in this presentation. The Information Management Strategy development as background to the project is also outlined together with the company information. The benefits of the common EAM system and related business process needs are also described. (orig.)

  1. The role of enterprise asset management system in the PVO group's business

    International Nuclear Information System (INIS)

    This presentation describes the role of the Enterprise Asset Management (EAM) and Enterprise Document Management (EDM) in the PVO Group's business. The use of the functionality of the EAM (Immpower) and EDM (Documentum) is not limited only to the plant maintenance. All power plants and some other business functions and units will use the system in the future for financial management, activity based costing, purchasing, of materials, office supplies and fuel, invoice matching, project budgeting and costing, real estate management etc. The technical service concept of IT solution is also described in this presentation. The Information Management Strategy development as background to the project is also outlined together with the company information. The benefits of the common EAM system and related business process needs are also described. (orig.)

  2. Chemical Industry Corrosion Management: A Comprehensive Information System (ASSET 2). Final Report

    Energy Technology Data Exchange (ETDEWEB)

    John, Randy C. [Shell Global Solutions, Houston, TX (United States); Young, Arthur L. [Humberside Solutions, Toronto, ON (Canada); Pelton, Arthur D. [CRCT, Ecole Polytechnique de Montreal, Quebec (Canada); Thompson, William T. [Royal Military College of Canada, Kingston, ON (Canada); Wright, Ian G. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

    2008-10-10

    The research sponsored by this project has greatly expanded the ASSET corrosion prediction software system to produce a world-class technology to assess and predict engineering corrosion of metals and alloys corroding by exposure to hot gases. The effort included corrosion data compilation from numerous industrial sources and data generation at Shell Oak Ridge National Laboratory and several other companies for selected conditions. These data were organized into groupings representing various combinations of commercially available alloys and corrosion by various mechanisms after acceptance via a critical screening process to ensure the data were for alloys and conditions, which were adequately well defined, and of sufficient repeatability. ASSET is the largest and most capable, publicly-available technology in the field of corrosion assessment and prediction for alloys corroding by high temperature processes in chemical plants, hydrogen production, energy conversion processes, petroleum refining, power generation, fuels production and pulp/paper processes. The problems addressed by ASSET are: determination of the likely dominant corrosion mechanism based upon information available to the chemical engineers designing and/or operating various processes and prediction of engineering metal losses and lifetimes of commercial alloys used to build structural components. These assessments consider exposure conditions (metal temperatures, gas compositions and pressures), alloy compositions and exposure times. Results of the assessments are determination of the likely dominant corrosion mechanism and prediction of the loss of metal/alloy thickness as a function of time, temperature, gas composition and gas pressure. The uses of these corrosion mechanism assessments and metal loss predictions are that the degradation of processing equipment can be managed for the first time in a way which supports efforts to reduce energy consumption, ensure structural integrity of equipment

  3. Fleet-Wide Prognostic and Health Management Suite: Asset Fault Signature Database

    Energy Technology Data Exchange (ETDEWEB)

    Vivek Agarwal; Nancy J. Lybeck; Randall Bickford; Richard Rusaw

    2015-06-01

    Proactive online monitoring in the nuclear industry is being explored using the Electric Power Research Institute’s Fleet-Wide Prognostic and Health Management (FW-PHM) Suite software. The FW-PHM Suite is a set of web-based diagnostic and prognostic tools and databases that serves as an integrated health monitoring architecture. The FW-PHM Suite has four main modules: (1) Diagnostic Advisor, (2) Asset Fault Signature (AFS) Database, (3) Remaining Useful Life Advisor, and (4) Remaining Useful Life Database. The paper focuses on the AFS Database of the FW-PHM Suite, which is used to catalog asset fault signatures. A fault signature is a structured representation of the information that an expert would use to first detect and then verify the occurrence of a specific type of fault. The fault signatures developed to assess the health status of generator step-up transformers are described in the paper. The developed fault signatures capture this knowledge and implement it in a standardized approach, thereby streamlining the diagnostic and prognostic process. This will support the automation of proactive online monitoring techniques in nuclear power plants to diagnose incipient faults, perform proactive maintenance, and estimate the remaining useful life of assets.

  4. On Strengthening Colleges Fixed Assets Management%加强高校固定资产管理的思考

    Institute of Scientific and Technical Information of China (English)

    彭敏

    2011-01-01

    本文阐述了加强高校固定资产管理的意义,针对日前高校资产管理中普遍存在的问题,提出了针对性的对策和措施,以期达到保护固定资产完整、提高固定资产使用效率、促进高校教育事业发展的目的。%The paper discusses the significance of strengthening colleges fixed assets management. In view of some existing problems in current fixed assets management in universities and colleges, the targeted countermeasures and solution were put forward in order to protect the integrity of fixed assets, improve efficiency of fixed assets and promote the development of higher education.

  5. Implications of ultra-low interest rates for financial institutions’ asset liability management – a policy-oriented overview

    OpenAIRE

    Christian Beer; Ernest Gnan

    2015-01-01

    In a historical perspective, interest rates are currently very low. The further course of nominal and real interest rates crucially depends on how the macroeconomy will develop over the cycle and in a long-term structural perspective. In this contribution, we analyze how ultra-low interest rates affect financial institutions and their asset-liability management. In the short term, the impact depends on the relative duration of assets and liabilities. Hence, different financial institutions ar...

  6. By assets inventory as an opportunity to raise the level of management of fixed assets in colleges%高校固定资产清查工作的理性思考

    Institute of Scientific and Technical Information of China (English)

    赵瑞

    2015-01-01

    高校固定资产是国有资产的重要组成部分,是高校教学科研等工作开展的必要物质基础. 资产清查是推进高校固定资产管理的一项重要举措,对提高固定资产管理水平具有积极作用. 本文分析了资产清查工作的必要性、制定了资产清查工作的执行方案、提出了在资产清查过程中发现的问题,并就问题给出了相应的解决办法.%Fixed assets in institutions of higher education is an important part of state-owned assets,fixed as-sets is the necessary material base of carrying out teaching and scientific research.Asset inventory is an impor-tant measure of the fixed assets management in colleges and improve the level of fixed assets management to play an active role.In this paper,analysis of the necessity of asset inventory work,formulate the implementation of the asset inventory work,put forward the problems found in the process of asset inventory,and gives the cor-responding solution problem.

  7. Key performance indicators in plant asset management: hype, burden or real help?

    Energy Technology Data Exchange (ETDEWEB)

    Jovanovic, A. (Steinbeis Advanced Risk Technologies, Stuttgart (Germany)); Bareiss, J.M. (EnBW, Stuttgart (Germany))

    2010-05-15

    The paper tackles the increasing role and use of indicators (e.g. the key performance indicators, KPIs) in asset management in power and process plants, in particular for risk and safety management (safety performance indicators, SPIs), inspection, maintenance, emerging risks analysis and aging management. The two main aspects of the use of indicators are monitoring of performance (e.g. of a single unit) and benchmarking (e.g. among different units). The basis for the considerations presented in the paper are several international projects in the field, showing that the main issue in the field is not and cannot be just the introduction of new indicators as such. They deal with the principles of establishing indicators, establishing generally accepted indicators (goal 'globally accepted' indicators), creating of 'repositories' of indicators in industry and respective tools. The repository/tool developed in the EU project iNTeg-Risk is presented in more detail. The main proposed criteria for successful introduction are the acceptance, transparency and clear added value, e.g. when the indicators help in finding solutions for the issues where the conventional analysis, e.g. the one based on engineering models and analysis is too expensive, complex or simply unavailable. Three practical cases are briefly shown in the paper: one for the improved asset management in a refinery, one for the identification of indicators helping to deal with emerging risks (how to identify them and how to assess risks of a new technology) and one for the implementation of a complex aging management program for industrial plants. (orig.)

  8. An exploration of the professional competencies required in engineering asset management

    Science.gov (United States)

    Bish, Adelle J.; Newton, Cameron J.; Browning, Vicky; O'Connor, Peter; Anibaldi, Renata

    2014-07-01

    Engineering asset management (EAM) is a rapidly growing and developing field. However, efforts to select and develop engineers in this area are complicated by our lack of understanding of the full range of competencies required to perform. This exploratory study sought to clarify and categorise the professional competencies required of individuals at different hierarchical levels within EAM. Data from 14 field interviews, 61 online surveys, and 10 expert panel interviews were used to develop an initial professional competency framework. Overall, nine competency clusters were identified. These clusters indicate that engineers working in this field need to be able to collaborate and influence others, complete objectives within organisational guidelines, and be able to manage themselves effectively. Limitations and potential uses of this framework in engineering education and research are discussed.

  9. FLUCTUATION IN PENSION FUND ASSETS PRIVATELY MANAGED UNDER THE INFLUENCE OF CERTAIN FACTORS. STATISTICAL STUDY IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Dracea Raluca

    2011-07-01

    Full Text Available On international level, the economic and financial crisis has determined a diminution of the asset value of compulsory pension funds, reflecting a reallocation of funds towards alternative or low-risk investments. The present paper indicates how the net asset value of privately managed pension funds in Romania may be affected or not by certain influence factors in direct correlation with different asset allocation strategies of pension funds. In this way, on literature review there are many studies which have analyzed the fluctuation of pension funds assets and a better reallocation of their investment in order to improve their efficiency. The experience of the value fluctuation of privately administered pension fund net assets is highly important, firstly beacause of its effects on the increase and the decrease of invested values for the insured persons’ accounts, under the circumstances of constantly maintaining their contributions and, implicitly, the results achieved through these investments. The research methodology consists in testing of five variables: currency exchange rate, credit interest rate, bank deposit interest rate, reference interest rate and value of the stock exchange market index (BET-C index, by means of the multiple linear regression method. The conclusion is that only two of these factors, namely, the currency exchange rate and the reference interest rate, influence net asset value of privately managed pension funds, the second pillar, one in direct and the other in indirect correlation. In order to neutralize the effects generated by the diminution of the net asset value of privately managed pension funds, considering a short time horizon, we shall elaborate a dynamic mix of their investments able to adapt to the fluctuations of the influence factors. Thus, new opportunities will be generated in order to achieve the efficiency of pension funds and to prevent the diminution of the value of insured individuals

  10. Application of a fully-integrated groundwater-surface water flow model in municipal asset management

    Science.gov (United States)

    Bowman, L. K.; Unger, A.; Jones, J. P.

    2014-12-01

    Access to affordable potable water is critical in the development and maintenance of urban centres. Given that water is a public good in Canada, all funds related to operation and maintenance of the drinking water and wastewater networks must come from consumers. An asset management system can be put in place by municipalities to more efficiently manage their water and wastewater distribution system to ensure proper use of these funds. The system works at the operational, tactical, and strategic levels, thus ensuring optimal scheduling of operation and maintenance activities, as well as prediction of future water demand scenarios. At the operational level, a fully integrated model is used to simulate the groundwater-surface water interaction of the Laurel Creek Watershed, of which 80% is urbanized by the City of Waterloo. Canadian municipalities typically lose 13% of their potable water through leaks in watermains and sanitary sewers, and sanitary sewers often generate substantial inflows from fractures in pipe walls. The City of Waterloo sanitary sewers carry an additional 10,000 cubic meters of water to wastewater treatment plants. Therefore, watermain and sanitary sewers present a significant impact on the groundwater-surface water interaction, as well as the affordability of the drinking water and wastewater networks as a whole. To determine areas of concern within the network, the integrated groundwater-surface water model also simulates flow through the City of Waterloo's watermain and sanitary sewer networks. The final model will be used to assess the interaction between measured losses of water from the City of Waterloo's watermain system, infiltration into the sanitary sewer system adjacent to the watermains, and the response of the groundwater system to deteriorated sanitary sewers or to pipes that have been recently renovated. This will ultimately contribute to the City of Waterloo's municipal asset management plan.

  11. A Random Parameter Model for Continuous-Time Mean-Variance Asset-Liability Management

    Directory of Open Access Journals (Sweden)

    Hui-qiang Ma

    2015-01-01

    Full Text Available We consider a continuous-time mean-variance asset-liability management problem in a market with random market parameters; that is, interest rate, appreciation rates, and volatility rates are considered to be stochastic processes. By using the theories of stochastic linear-quadratic (LQ optimal control and backward stochastic differential equations (BSDEs, we tackle this problem and derive optimal investment strategies as well as the mean-variance efficient frontier analytically in terms of the solution of BSDEs. We find that the efficient frontier is still a parabola in a market with random parameters. Comparing with the existing results, we also find that the liability does not affect the feasibility of the mean-variance portfolio selection problem. However, in an incomplete market with random parameters, the liability can not be fully hedged.

  12. Development of a Total Energy, Environment and Asset Management (TE2AM tm) Curriculum

    Energy Technology Data Exchange (ETDEWEB)

    None

    2012-12-31

    The University of Wisconsin Department of Engineering Professional Development (EPD) has completed the sponsored project entitled, Development of a Total Energy, Environment and Asset Management (TE2AM™) Curriculum. The project involved the development of a structured professional development program to improve the knowledge, skills, capabilities, and competencies of engineers and operators of commercial buildings. TE2AM™ advances a radically different approach to commercial building design, operation, maintenance, and end-­‐of-­‐life disposition. By employing asset management principles to the lifecycle of a commercial building, owners and occupants will realize improved building performance, reduced energy consumption and positive environmental impacts. Through our commercialization plan, we intend to offer TE2AM™ courses and certificates to the professional community and continuously improve TE2AM™ course materials. The TE2AM™ project supports the DOE Strategic Theme 1 -­‐ Energy Security; and will further advance the DOE Strategic Goal 1.4 Energy Productivity. Through participation in the TE2AM™ curriculum, engineers and operators of commercial buildings will be eligible for a professional certificate; denoting the completion of a prescribed series of learning activities. The project involved a comprehensive, rigorous approach to curriculum development, and accomplished the following goals: 1. Identify, analyze and prioritize key learning needs of engineers, architects and technical professionals as operators of commercial buildings. 2. Design and develop TE2AM™ curricula and instructional strategies to meet learning needs of the target learning community. 3. Establish partnerships with the sponsor and key stakeholders to enhance the development and delivery of learning programs. 4. Successfully commercialize and sustain the training and certificate programs for a substantial time following the term of the award. The project team was

  13. Development of a Total Energy, Environment and Asset Management (TE2AM tm) Curriculum

    Energy Technology Data Exchange (ETDEWEB)

    O' Leary, Phillip R. [Univ. of Wisconsin, Madison, WI (United States)

    2012-12-31

    The University of Wisconsin Department of Engineering Professional Development (EPD) has completed the sponsored project entitled, Development of a Total Energy, Environment and Asset Management (TE2AM) Curriculum. The project involved the development of a structured professional development program to improve the knowledge, skills, capabilities, and competencies of engineers and operators of commercial buildings. TE2AM advances a radically different approach to commercial building design, operation, maintenance, and end of life disposition. By employing asset management principles to the lifecycle of a commercial building, owners and occupants will realize improved building performance, reduced energy consumption and positive environmental impacts. Through our commercialization plan, we intend to offer TE2AM courses and certificates to the professional community and continuously improve TE2AM course materials. The TE2AM project supports the DOE Strategic Theme 1 Energy Security; and will further advance the DOE Strategic Goal 1.4 Energy Productivity. Through participation in the TE2AM curriculum, engineers and operators of commercial buildings will be eligible for a professional certificate; denoting the completion of a prescribed series of learning activities. The project involved a comprehensive, rigorous approach to curriculum development, and accomplished the following goals: 1. Identify, analyze and prioritize key learning needs of engineers, architects and technical professionals as operators of commercial buildings. 2. Design and develop TE2AM curricula and instructional strategies to meet learning needs of the target learning community. 3. Establish partnerships with the sponsor and key stakeholders to enhance the development and delivery of learning programs. 4. Successfully commercialize and sustain the training and certificate programs for a substantial time following the term of the award. The project team was successful in achieving the goals and

  14. The Application of the Analytic Network Process in Evaluating Assets Management of the Institution of Higher Education

    OpenAIRE

    Yong Zhao; Chunyan Shao

    2010-01-01

    The Analytic Network Process is a decision method developing on the basis of AHP. This article introduced thebasic theory of ANP and discussed its application in evaluating assets management of the institution of highereducation through establishing evaluation index system and confirming the weight of every index.

  15. The Real Time Mission Monitor: A Situational Awareness Tool For Managing Experiment Assets

    Science.gov (United States)

    Blakeslee, Richard; Hall, John; Goodman, Michael; Parker, Philip; Freudinger, Larry; He, Matt

    2007-01-01

    The NASA Real Time Mission Monitor (RTMM) is a situational awareness tool that integrates satellite, airborne and surface data sets; weather information; model and forecast outputs; and vehicle state data (e.g., aircraft navigation, satellite tracks and instrument field-of-views) for field experiment management RTMM optimizes science and logistic decision-making during field experiments by presenting timely data and graphics to the users to improve real time situational awareness of the experiment's assets. The RTMM is proven in the field as it supported program managers, scientists, and aircraft personnel during the NASA African Monsoon Multidisciplinary Analyses experiment during summer 2006 in Cape Verde, Africa. The integration and delivery of this information is made possible through data acquisition systems, network communication links and network server resources built and managed by collaborators at NASA Dryden Flight Research Center (DFRC) and Marshall Space Flight Center (MSFC). RTMM is evolving towards a more flexible and dynamic combination of sensor ingest, network computing, and decision-making activities through the use of a service oriented architecture based on community standards and protocols.

  16. Empowering file-based radio production through media asset management systems

    Science.gov (United States)

    Muylaert, Bjorn; Beckers, Tom

    2006-10-01

    In recent years, IT-based production and archiving of media has matured to a level which enables broadcasters to switch over from tape- or CD-based to file-based workflows for the production of their radio and television programs. This technology is essential for the future of broadcasters as it provides the flexibility and speed of execution the customer demands by enabling, among others, concurrent access and production, faster than real-time ingest, edit during ingest, centrally managed annotation and quality preservation of media. In terms of automation of program production, the radio department is the most advanced within the VRT, the Flemish broadcaster. Since a couple of years ago, the radio department has been working with digital equipment and producing its programs mainly on standard IT equipment. Historically, the shift from analogue to digital based production has been a step by step process initiated and coordinated by each radio station separately, resulting in a multitude of tools and metadata collections, some of them developed in-house, lacking integration. To make matters worse, each of those stations adopted a slightly different production methodology. The planned introduction of a company-wide Media Asset Management System allows a coordinated overhaul to a unified production architecture. Benefits include the centralized ingest and annotation of audio material and the uniform, integrated (in terms of IT infrastructure) workflow model. Needless to say, the ingest strategy, metadata management and integration with radio production systems play a major role in the level of success of any improvement effort. This paper presents a data model for audio-specific concepts relevant to radio production. It includes an investigation of ingest techniques and strategies. Cooperation with external, professional production tools is demonstrated through a use-case scenario: the integration of an existing, multi-track editing tool with a commercially available

  17. Air traffic management system design using satellite based geo-positioning and communications assets

    Science.gov (United States)

    Horkin, Phil

    1995-01-01

    The current FAA and ICAO FANS vision of Air Traffic Management will transition the functions of Communications, Navigation, and Surveillance to satellite based assets in the 21st century. Fundamental to widespread acceptance of this vision is a geo-positioning system that can provide worldwide access with best case differential GPS performance, but without the associated problems. A robust communications capability linking-up aircraft and towers to meet the voice and data requirements is also essential. The current GPS constellation does not provide continuous global coverage with a sufficient number of satellites to meet the precision landing requirements as set by the world community. Periodic loss of the minimum number of satellites in view creates an integrity problem, which prevents GPS from becoming the primary system for navigation. Furthermore, there is reluctance on the part of many countries to depend on assets like GPS and GLONASS which are controlled by military communities. This paper addresses these concerns and provides a system solving the key issues associated with navigation, automatic dependent surveillance, and flexible communications. It contains an independent GPS-like navigation system with 27 satellites providing global coverage with a minimum of six in view at all times. Robust communications is provided by a network of TDMA/FDMA communications payloads contained on these satellites. This network can support simultaneous communications for up to 30,000 links, nearly enough to simultaneously support three times the current global fleet of jumbo air passenger aircraft. All of the required hardware is directly traceable to existing designs.

  18. Analysis of Assets Management in Colleges%高校资产管理问题透析

    Institute of Scientific and Technical Information of China (English)

    黄路瓯; 何飞

    2014-01-01

    With the gradual promotion of the strategy of"technology promotes the provincial economy"and the purpose of im-proving educational quality and cooperating teaching reform, our country pays more and more attention to assets input in colleges, and the total amount of assets in colleges tends to increase greatly year by year. Through the large assets input, assets form and construc-tion are existing diversity and complexity gradually. The original first-level management can not adapt to modern university assets management model any more, therefore, second-level assets management model comes into being. It is urgent to solve problems we are facing, that is, how to establish a mechanism conforms to the secondary assets management mode and operation, how to allocate the secondary school in the management rights and responsibilities of people, property and goods.%随着科教兴国的教育战略深化,为提高教育质量和配合教学改革,国家对高校资产投入也越来越重视,各高校的资产总量呈逐年较大幅度增长。经历了资产的大投入后,资产的形式与构成也逐渐呈现多样性和复杂性。原来一级管理已经不能适应现代高校的资产管理模式,资产的二级管理模式应运而生。如何建立符合高校二级资产管理模式和运行的机制,以及如何分配二级学院在人、财、物的管理上权利与职责,成为摆在高校面前亟需解决的问题。

  19. RFID技术在高校固定资产管理中的应用%Application of RFID in management of fixed assets in colleges and universities

    Institute of Scientific and Technical Information of China (English)

    由继红

    2012-01-01

    对RFID技术在高校固定资产管理中的应用进行了研究.RFID在加快固定资产清查速度、加强固定资产的动态管理等两个方面能够显著提高固定资产管理水平,认为RFID应用于固定资产的管理中是固定资产管理的发展趋势之一.%The application of RFID in the management of fixed assets in colleges and universities is studied. RFID could mainly improve the management standard of fixed assets in two sides that it could quicken the fixed assets check and strengthen the dynamic management of fixed assets. It is considered that the RFID will be one of directions for the management of fixed assets in the future.

  20. The Impact of Deferred Tax Assets, Discretionary Accrual, Leverage, Company Size and Tax Planning Onearnings Management Practices

    Directory of Open Access Journals (Sweden)

    Jacobus Widiatmoko

    2016-04-01

    Full Text Available The purpose of this study is to analyze and provide empirical evidence of the influence of deferred tax asset, discretionary accrual, leverage, company size, and tax planning on earnings management. Financial performance is an indicator that is required by company management to measure the effectiveness of company performance. This research used secondary data that was got from annual report published in www.idx.co.id and data from Indonesian Capital Market Directory (ICMD. Populations of the research are manufacturing companies listed on Indonesia Stock Exchange from 2011-2013. Samples were selected by using purposive sampling method. There are 208 observations that will examined by logistic regression analysis. The result shows that deferred tax asset has negative and not significant effect to the earnings management, discretionary accrual has negative and not significant effect to the earnings management, leverage has negative and significant effect to the earnings management, company size has positive and significant effect to the earnings management, tax planning has positive and not significant effect to the earnings management.Tujuan penelitian ini menganalisis bukti empiris mengenai pengaruh asset pajak tangguhan, discretionary accrual, leverage, ukuran perusahaan, dan perencanaan pajak terhadap manajemen laba. Kinerja keuangan adalah indikator untuk mengukur efektivitas perusahaan. Penelitian ini menggunakan data sekunder yang diperoleh dari www.idx.co.id serta data dari Indonesian Capital Market Directory (ICMD. Populasi penelitian ini adalah perusahaan manufaktur yang terdaftar di BEI tahun 2011-2013. Sampel dipilih dengan purposive sampling. Terdapat 208 observasi yang akan diuji dengan model analisis regresi logistik. Hasil penelitian ini menunjukkan bahwa asset pajak tangguhan memiliki pengaruh negatif dan tidak signifikan terhadap praktik manajemen laba, discretionary accrual memiliki pengaruh negatif dan tidak signifikan terhadap

  1. Soil geohazard mapping for improved asset management of UK local roads

    Science.gov (United States)

    Pritchard, O. G.; Hallett, S. H.; Farewell, T. S.

    2015-09-01

    Unclassified roads comprise 60 % of the road network in the United Kingdom (UK). The resilience of this locally important network is declining. It is considered by the Institution of Civil Engineers to be "at risk" and is ranked 26th in the world. Many factors contribute to the degradation and ultimate failure of particular road sections. However, several UK local authorities have identified that in drought conditions, road sections founded upon shrink-swell susceptible clay soils undergo significant deterioration compared with sections on non-susceptible soils. This arises from the local road network having little, if any, structural foundations. Consequently, droughts in East Anglia have resulted in millions of pounds of damage, leading authorities to seek emergency governmental funding. This paper assesses the use of soil-related geohazard assessments in providing soil-informed maintenance strategies for the asset management of the locally important road network of the UK. A case study draws upon the UK administrative county of Lincolnshire, where road assessment data have been analysed against mapped clay-subsidence risk. This reveals a statistically significant relationship between road condition and susceptible clay soils. Furthermore, incorporation of UKCP09 future climate projections within the geohazard models has highlighted roads likely to be at future risk of clay-related subsidence.

  2. THE ROLE OF VALUE AT RISK IN THE MANAGEMENT OF ASSET AND LIABILITIES

    Directory of Open Access Journals (Sweden)

    Petria Nicolae

    2012-12-01

    Full Text Available ALM is the management of risk at enterprise level, the models used in ALM can be static or dynamic: single period-static models, multiple period static model, single period stochastic model, multi period stochastic model. While single period-static don't incorporate the dynamic of the economical changes the multiple period-static models are an extension of the single period-static model, the most common used are multi-period stochastic which model the evolution of financial series in time and the assets and liabilities using different types of probability distributions (Student, GED. Highly correlated with ALM is the Value at Risk which can be used as and function to be minimized in ALM models. In the Value at Risk methodology the estimation models are classified as: parametric, nonparametric, semi-parametric; we present the parametric models (GARCH models used in Value at Risk and the connections that can be established between ALM models and Value at Risk. We present the Conditional Value-at-risk and offer and example on how to calculate CVaR .

  3. The environment, international standards, asset health management and condition monitoring: An integrated strategy

    Energy Technology Data Exchange (ETDEWEB)

    Roe, S. [CSD, British Institute of Non-Destructive Testing (BINDT) (United Kingdom); Mba, D. [School of Engineering, Cranfield University, MK43 0AL, Bedfordshire (United Kingdom)], E-mail: d.mba@cranfield.ac.uk

    2009-02-15

    Asset Health Management (AHM), supported by condition monitoring (CM) and performance measuring technologies, together with trending, modelling and diagnostic frameworks, is not only critical to the reliability of high-value machines, but also to a companies Overall Equipment Efficiency (OEE), system safety and profitability. In addition these protocols are also critical to the global concern of the environment. Industries involved with monitoring key performances indicators (KPI) to improve OEE would benefit from a standardised qualification and certification scheme for their personnel, particularly if it is based on internationally accepted procedures for the various CM technologies that also share the same objectives as AH and CM. Furthermore, the development of 'models' for implementation of a Carbon tax is intrinsically dependent on the integrity and accuracy of measurements contributing to these indicators. This paper reviews the global picture of condition monitoring, the environment and related international standards and then considers their relationship and equivalent global objectives. In addition, it presents the methods behind the development of such standards for certification of competence in personnel involved with data collection, modelling and measurements of KPIs. Two case studies are presented that highlight the integrated strategy in practise.

  4. Asset Management Business Model for Design, Realization, and Maintenance of Fibre Reinforced Polymer Bridges

    Directory of Open Access Journals (Sweden)

    Rizal Sebastian

    2013-01-01

    Full Text Available This paper particularly addresses the market implementation of Fibre Reinforced Polymer (FRP for bridges. It presents the concept of demand and supply chain innovation as being investigated within two ongoing European collaborative research projects (FP7 titled Trans-IND and PANTURA. FRP has emerged as a real alternative structural material based on various sustainability considerations, among others the reduced life-cycle cost due to less maintenance needs, longer lifetime, and easiness to repair, replace, or recycle the components. The Trans-IND research project aims to develop and demonstrate new industrialized processes to use FRP for civil infrastructure projects at a large scale. In order to be cost effective, a new value-chain strategy for the design, realization, and maintenance of FRP bridges is required to replace the fragmented supply chain and the one-off approach to a construction project. This paper focuses on the development of new business models based on asset management strategy, which covers the entire demand and supply chains. Research on new business models is supported by the insight into the market and regulatory frameworks in different EU countries. This is based on field surveys across the EU that have been carried out as a part of the Trans-IND and PANTURA collaborative research projects.

  5. Football players, asset management & the unexploited potential of enhanced player engagement in football management & marketing

    DEFF Research Database (Denmark)

    Cortsen, Kenneth

    2014-01-01

    This article gives insights into why and how football brands (e.g. clubs and governing bodies) can benefit from enhancing the activation of players in football management and football marketing initiatives.......This article gives insights into why and how football brands (e.g. clubs and governing bodies) can benefit from enhancing the activation of players in football management and football marketing initiatives....

  6. Digital asset ecosystems rethinking crowds and cloud

    CERN Document Server

    Blanke, Tobias

    2014-01-01

    Digital asset management is undergoing a fundamental transformation. Near universal availability of high-quality web-based assets makes it important to pay attention to the new world of digital ecosystems and what it means for managing, using and publishing digital assets. The Ecosystem of Digital Assets reflects on these developments and what the emerging 'web of things' could mean for digital assets. The book is structured into three parts, each covering an important aspect of digital assets. Part one introduces the emerging ecosystems of digital assets. Part two examines digital asset manag

  7. Model averaging and value-at-risk based evaluation of large multi asset volatility models for risk management

    OpenAIRE

    Pesaran, Mohammad Hashem; Zaffaroni, Paolo

    2004-01-01

    This paper considers the problem of model uncertainty in the case of multi-asset volatility models and discusses the use of model averaging techniques as a way of dealing with the risk of inadvertently using false models in portfolio management. In particular, it is shown that under certain conditions portfolio returns based on an average model will be more fat-tailed than if based on an individual underlying model with the same average volatility. Evaluation of volatility models is also cons...

  8. RAMSI management model and evaluation criteria for Nordic offshore wind asset

    Energy Technology Data Exchange (ETDEWEB)

    Tiusanen, R.; Jaennes, J. [VTT Technical Research Centre of Finland, Espoo (Finland); Liyanage, J. P. [Univ. of Stavanger, Center for Industrial Asset Management (Norway)

    2012-07-01

    The offshore wind energy sector is in the early stages of development, but it is growing fast. Due to the European Union's renewable-energy and climate goals along with national legislation, the offshore wind sector will develop strongly over the coming years in Europe. In the offshore wind energy sector, there are many different wind-turbine designs ranging from traditional mono pile structures to floating platforms, depending on the water depth. Today, most offshore turbines are based on onshore turbine designs, and turbine technology continues to develop incrementally. At the same time, there is strong demand in the market for new, innovative designs for offshore wind turbines whose main focus is reliability and cost efficiency. For floating offshore wind turbine designs, there may be new types of uncertainty and system risks compared with onshore wind turbines. Wind turbines in cold climates, such as those experienced in the Nordic countries, may be exposed to extreme conditions, such as formation of ice or very low temperatures that are outside the design limits of standard wind turbines. In the offshore wind energy sector, specification, implementation and verification of the so-called R&M's (Reliability, Availability, Maintainability, Safety and Inspect ability) requirements during development work are important for companies delivering wind turbines, from the perspective of system integrity. Decisions made before the formal design phase strongly determine the costs and benefits gained during the whole life cycle of a wind turbine. The benefits of implementing the R&M's program include support with investment decisions, cost management, improved management of resource requirements, systematic support with development and implementation of products, and integration of dependability and safety requirements. This publication outlines a model for managing R&M's factors during the conceptual design phase of an offshore wind turbine. The model

  9. An effective approach for road asset management through the FDTD simulation of the GPR signal

    Science.gov (United States)

    Benedetto, Andrea; Pajewski, Lara; Adabi, Saba; Kusayanagi, Wolfgang; Tosti, Fabio

    2015-04-01

    Ground-penetrating radar is a non-destructive tool widely used in many fields of application including pavement engineering surveys. Over the last decade, the need for further breakthroughs capable to assist end-users and practitioners as decision-support systems in more effective road asset management is increasing. In more details and despite the high potential and the consolidated results obtained over years by this non-destructive tool, pavement distress manuals are still based on visual inspections, so that only the effects and not the causes of faults are generally taken into account. In this framework, the use of simulation can represent an effective solution for supporting engineers and decision-makers in understanding the deep responses of both revealed and unrevealed damages. In this study, the potential of using finite-difference time-domain simulation of the ground-penetrating radar signal is analyzed by simulating several types of flexible pavement at different center frequencies of investigation typically used for road surveys. For these purposes, the numerical simulator GprMax2D, implementing the finite-difference time-domain method, was used, proving to be a highly effective tool for detecting road faults. In more details, comparisons with simplified undisturbed modelled pavement sections were carried out showing promising agreements with theoretical expectations, and good chances for detecting the shape of damages are demonstrated. Therefore, electromagnetic modelling has proved to represent a valuable support system in diagnosing the causes of damages, even for early or unrevealed faults. Further perspectives of this research will be focused on the modelling of more complex scenarios capable to represent more accurately the real boundary conditions of road cross-sections. Acknowledgements - This work has benefited from networking activities carried out within the EU funded COST Action TU1208 "Civil Engineering Applications of Ground Penetrating

  10. Suitability of the Kaizen Model on the management of fixed assets in the South African Reserve Bank / S.M. Mavhina

    OpenAIRE

    Mavhina, Mulalo Simon

    2012-01-01

    This study involves establishing the suitability of the Kaizen Model on the management of fixed assets in the SARB. The goal is to show that the Kaizen Model could enhance the management of fixed assets in the SARB. This has been done through a literature review, empirical study and hypothesis testing. The literature review indicated that implementation of the Kaizen Model could help to eliminate none value-adding activities and ensure that standard processes are continuously adjusted. Hen...

  11. Conformance and non conformance of asset managers to the environment, social and governance pressures: sensemaking capacities and the use of externally defined information

    OpenAIRE

    Sakuma, Kyoko

    2012-01-01

    This thesis focuses on a central behavioral paradox in the asset management community. Recent decades have brought an upsurge in initiatives throughout the investment community to voluntarily integrate sustainability issues into investment decisions. The financial crisis has however revealed behavioral inconsistency and deepening irresponsibility. Today, sustainable investments represent USD 10.7 trillion, or 7% of the entire market, of assets under management and it is growing steadily. One ...

  12. Securing Digital Image Assets in Museums and Libraries: A Risk Management Approach.

    Science.gov (United States)

    Beamsley, Teresa Grose

    1999-01-01

    A number of threats to the integrity of digital image information can be identified when standard practices in museums and archives are examined. Systematic consideration of risk factors can inform the creation of procedures and application of security that works to guarantee the reliability and accuracy of digital image assets. (Author/AEF)

  13. 论地方资产管理公司的运作与发展%Local Asset Management Company ’s Operation and Development

    Institute of Scientific and Technical Information of China (English)

    战友

    2014-01-01

    本文通过地方资产管理公司与四大资产管理公司的对比研究发现,地方资产管理公司的设立有助于加快地方金融机构不良资产处置,维护区域金融稳定;但同时也存在与四大资产管理公司业务重合、地方资产管理公司竞争优势不足、监管乏力等问题。对此,本文提出了明确金融属性、完善法律法规、建全监管体系等相关建议。%Compared with the four major asset management companies, the local asset management companies are helpful to speed up the disposal of bad assets of local financial institutions and maintain regional financial stability;but the two types of asset management companies’ business largely overlaps, the local asset management companies have little advantages and the supervision of the local asset management companies is weak. Some relevant policy recommen-dations, such as defining financial attributes, improving laws and regulations, establishing regulatory system etc are given.

  14. 医院固定资产管理相关问题探讨%Discussion on Issues of Hospital Fixed Asset Management

    Institute of Scientific and Technical Information of China (English)

    梁建业

    2014-01-01

    Scientific and effective management of the hospital fixed asset can ensure the safety, value maintaining and increment of hospital assets and prevent the loss of state assets. Scientific, standardized and institutionalized hospital management of fixed assets can enhance the core competitiveness of the hospital and improve hospital modernization management level. This paper explores issues related to the hospital management of fixed assets with the aim to increase the awareness of hospital administrators to do a good job on fixed asset management.%实施科学有效的医院固定资产管理,可以确保医院资产安全和保值增值,防止国有资产流失。医院固定资产管理的科学化、规范化、制度化,能够增强医院的核心竞争力,提升医院现代化管理水平。本文就医院固定资产管理的相关问题进行探讨,旨在强化医院管理者做好固定资产管理的意识,切实做好固定资产的管理。

  15. Workability and Effectiveness of Assets Management Corporation of Nigeria Act 2010: Intervention in the Nigeria Banking Sector Crisis

    Directory of Open Access Journals (Sweden)

    Mmadu, R. A. O.

    2012-12-01

    Full Text Available The challenges and prospects of rescue interventions to corporate failures and the Banking Sector Crisis in Nigeria are the focus of this paper. In Nigeria, the impact of the global economic crisis shifted from the capital market to the banking sector where an estimated $10 billion of toxic assets were held by banks whose assets suffered capital erosion due to market collapse. This paper assesses the rescue intervention by the Central Bank of Nigeria through the Assets Management Corporation of Nigeria Act 2010 (AMCON Act and employs as a method, analytical exposition of the Act in this work. The paper finds that lack of corporate governance and incentive problems caused Nigeria's banking sector crisis. It argues that though the provisions of the AMCON Act are aimed at compelling corporate governance and international best practices, inherent weaknesses and inconsistencies with superior legislations leave a big question mark on its applicability and effectiveness. The paper calls for legislative rethink if Nigeria must prevent future failures in the banking sector and rebuild confidence in the investing public as well as in bank depositors.

  16. 高校固定资产管理研究%Study on the Management of Fixed Assets in Colleges and Universities

    Institute of Scientific and Technical Information of China (English)

    由继红

    2012-01-01

    The signification of fixed assets and its management was introduced.The characteristic and problem of fixed assets management in colleges and universities were analyzed and a series of fixed assets management measures were put forward,including to regard the job of fixed assets management,to improve the management system,to strengthen the team of management staff,to adopt modern method,to establish supervision rule and others.Besides,the trend of development for the fixed assets management was viewed.%介绍了固定资产及其管理的含义,通过分析高校固定资产管理的特点及存在的问题,认为应该从重视固定资产管理工作、健全固定资产管理体系、加强管理人员队伍建设、采用现代化管理手段、建立监督机制等方面加强固定资产的管理,同时,展望了固定资产管理的发展趋势。

  17. Customer asset management in action: using customers portfolio for allocating resources across business-to-business relationships for improved shareholder value

    OpenAIRE

    Nenonen, Suvi

    2009-01-01

    Suvi Nenonen Customer asset management in action: using customer portfolios for allocating resources across business-to-business relationships for improved shareholder value Customers are crucial assets to all firms as customers are the ultimate source of all cash flows. Regardless this financial importance of customer relationships, for decades there has been a lack of suitable frameworks explaining how customer relationships contribute to the firm financial performance and how this co...

  18. 高校固定资产管理绩效评价体系构建%Building of Universities Fixed Assets Management Performance Evaluation System

    Institute of Scientific and Technical Information of China (English)

    张振锋

    2013-01-01

    Fixed assets in universities is an important material foundation for teaching and research, but there is currently universities fixed asset management system is not perfect, and low efficiency, and other unfavorable factors. Therefore, this paper proposed to improve the university’s fixed asset management performance evaluation system, to analyze how effective use and rational configure fixed assets in universities, to explore one kind of asset operation and management of operational evaluation methods to improve efficiency in the use of fixed assets.%固定资产是高校进行教学、科研的重要物质基础,但目前高校固定资产方面存在管理制度不健全、使用效率低下等许多不利因素,因此本文提出了构建高校的固定资产管理绩效评价体系,分析如何有效使用、合理配置高校固定资产,探寻一种可操作的资产运作和管理综合评价方法,以提高固定资产的使用效率。

  19. The AREVA customized chemical cleaning C3-concept as part of the steam generator asset management

    International Nuclear Information System (INIS)

    In pressurized water reactors corrosion products and impurities are transported into the steam generators by feed water. Corrosion products and impurities are accumulated in the SGs as deposits and scales on the tubes, the tube support structures and the tube sheet. Depending on the location, the composition and the morphology such deposits may negatively affect the performance of the steam generators by reducing the thermal performance, changing the flow patterns and producing localized corrosion promoting conditions. Accordingly removal of deposits or deposit minimization strategies are an essential part of the asset management program of the steam generators in Nuclear Power Plants. It is evident that such a program is plant specific, depending on the individual condition prevailing. Parameters to be considered are for example: - Steam generator and balance of plant design; - Secondary side water chemistry treatment; - Deposit amount and constitution; - Deposit distribution in the steam generator; - Existing or expected corrosion problems. After evaluation of the steam generator condition a strategy for deposit minimization has to be developed. Depending on the individual situation such strategies may span from curative full scale cleanings which are capable of removing the entire sludge inventory in the range of several 1000 kg per SG to preventive cleanings that remove only a portion of the deposits in the range of several 100 kg per SG. But also other goals depending on the specific plant situation, like tube sheet sludge piles or hard scale removal, may be considered. Beside the chemical cleaning process itself also the integration of the process into the outage schedule and considerations about its impact on other maintenance activities is of great importance. It is obvious that all these requirements cannot be met easily by a standardized cleaning method, thus a customisable chemical cleaning technology is required. Based on its comprehensive experience

  20. Analysis on Reinforcing Management of Fixed Assets for Fire Forces%强化消防部队固定资产管理探析

    Institute of Scientific and Technical Information of China (English)

    马玉胜

    2011-01-01

    This paper describes the role of fixed assets in Fire Forces, discusses the problems, causes and hazards in the management and finally raises the views on reinforcing management of fixed assets in Fire Forces from the supervision and management mechanism.%本文阐述了消防部队固定资产的作用,讨论了管理中存在的问题、原因和危害,最后从监督管理机制方面提出了进一步强化消防部队固定资产管理的见解.

  1. Central SOEs and State-owned Assets Management System Witness Great Reform & Development

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

      Since the beginning of 2005, the central SOEs (state-owned enterprises) earnestly carried out and put into effect various strategies and policies as well as work plans of the Central Committee of the Party and the State Council.They kept forging ahead and carved out in an innovative spirit, and made great achievements worth celebrating in their various work.Both sales revenue and total profits of the central SOEs have been growing rapidly and synchronously, and the quality of the stateowned assets have been further improved and appeared a good momentum.……

  2. Central SOEs and State-owned Assets Management System Witness Great Reform & Development

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Since the beginning of 2005, the central SOEs (state-owned enterprises) earnestly carried out and put into effect various strategies and policies as well as work plans of the Central Committee of the Party and the State Council.They kept forging ahead and carved out in an innovative spirit, and made great achievements worth celebrating in their various work.Both sales revenue and total profits of the central SOEs have been growing rapidly and synchronously, and the quality of the stateowned assets have been further improved and appeared a good momentum.

  3. ASSETS MANAGEMENT - A CONCEPTUAL MODEL DECOMPOSING VALUE FOR THE CUSTOMER AND A QUANTITATIVE MODEL

    Directory of Open Access Journals (Sweden)

    Susana Nicola

    2015-03-01

    Full Text Available In this paper we describe de application of a modeling framework, the so-called Conceptual Model Decomposing Value for the Customer (CMDVC, in a Footwear Industry case study, to ascertain the usefulness of this approach. The value networks were used to identify the participants, both tangible and intangible deliverables/endogenous and exogenous assets, and the analysis of their interactions as the indication for an adequate value proposition. The quantitative model of benefits and sacrifices, using the Fuzzy AHP method, enables the discussion of how the CMDVC can be applied and used in the enterprise environment and provided new relevant relations between perceived benefits (PBs.

  4. The Power of Public Investment Management : Transforming Resources into Assets for Growth

    OpenAIRE

    Rajaram, Anand; Minh Le, Tuan; Kaiser, Kai; Kim, Jay-Hyung; Frank, Jonas

    2014-01-01

    This publication consists of seven chapters: building a system for public investment management; a unified framework for public investment management; country experiences of public investment management; approaches to better project appraisal; public investment management under uncertainty; procurement and public investment management; and public investment management for public-private pa...

  5. 基于web的高校资产管理系统设计%The asset management system based on web design

    Institute of Scientific and Technical Information of China (English)

    闵筱薇

    2015-01-01

    资产管理是高校日常管理的重要组成部分,在信息技术快速发展的背景下,高校资产管理系统的设计将会变得更加重要。网络技术和数据技术在高校资产管理系统中的应用是今后发展的必然结果。高校资产管理面临着全新形势,在新形势下只有不断创新,设计出完善的高校资产管理系统才能够保证高校的正常运行。本文将重点探讨如何实现基于web的高校资产管理系统的设计。%Asset management is an important part of the daily management of colleges and universities, under the background of the rapid development of information technology,the asset management system design will become more important.Network technology and data technology in the application of college assets management system is the inevitable result of the development in the future.Asset management in colleges and universities is facing the new situation,only by constantly innovation under the new situation, design a perfect college assets management system to guarantee the normal running of colleges and universities. This article will focus on to discuss how to implement the asset management system based on web design.

  6. 固定资产清查中存在的管理问题%Management Problems Existing in Fixed Assets Inventory

    Institute of Scientific and Technical Information of China (English)

    张喜忠

    2013-01-01

    Based on the corporation internal structure adjustment,the equipment change is bigger,in order to further regu-late and strengthen asset management,thoroughly understanding the barrel,clear management responsibility,the greatest degree play fixed assets efficiency,avoid the loss of state-owned assets,to the organization to conduct a comprehensive in-ventory of assets. The inventory process found management problems and puts forward the improvement measures,improve the asset management efficiency and level.%针对单位内部机构调整,设备变动较大,进一步规范和加强资产管理,摸清家底,避免国有资产流失,最大程度发挥固定资产的效益。现就清查过程中发现的管理问题,提出改进的措施以提高资产管理工作的效率和水平。

  7. Current Situation and Countermeasures of Fixed Assets Management in Colleges and Universities%高校固定资产管理现状及解决对策

    Institute of Scientific and Technical Information of China (English)

    周文

    2016-01-01

    In the assets of colleges and universities, the fixed assets is one of the important part and also an important material basis for carrying out scientific research, teaching and other activities in colleges and universities. In this paper, aiming at fixed asset management problems existing in most colleges and universities, it is to standardize the management process of fixed assets through the introduction of information management method , and verify the feasibility of the management strategy combining with the case about the depreciation of fixed assets in colleges and universities.%在高校资产中,固定资产是其中的重要组成部分,也是高校开展科研、教学等活动的重要物质基础。本文将针对目前大多数高校在固定资产管理中的存在的问题,通过引入信息化管理手段规范固定资产管理流程,并结合高校固定资产折旧案例验证该管理策略的可行性。

  8. 基于RFID技术的资产管理系统设计与实现%Design and implementation of asset management system based on RFID

    Institute of Scientific and Technical Information of China (English)

    王占峰; 沈晖; 熊文伟

    2012-01-01

    RFID asset management system takes full advantage of RFID, sensor, GPRS and other Internet of Things technology, and takes asset into an unified information management system. The management of engine room equipments, including inventory, automated identification out of storage and graphics monitor. The enterprise asset information management visible can be achieved, the service can be provided for enterprise decision-making, asset allocation, asset inventory to improve operational efficiency, reduce business operating costs, and enhance market competitiveness.%RFID资产管理系统是充分利用RFID、传感器、GPRS种物联网技术来将资产纳入统一管理的信息管理系统。本系统可对机房设备资产进行管理,包含盘点、出入库自动化识别、图形监控等,从而实现企业资产信息管理的可视化,为企业决策、资产调配、资产盘点工作提供服务,从而提高企业的运营效率,减少企业运营成本,增强企业市场竞争力。

  9. 新时期高校固定资产管理的研究%The Study of the Universities's Fix Assets Management in New Period

    Institute of Scientific and Technical Information of China (English)

    王明星

    2015-01-01

    Universities fixed asset is the material basis of teaching and research, and fixed asset management is a routine and long task. This paper analysis and summarizes the shortcomings and deficiencies of fixed assets management in universities, and puts forward the corresponding improvement measures, presents the necessity and advantages of information fixed assets management of universities in new era, and introduces several commonly used fixed assets information management platform of universities .%高校固定资产是保证学校教学和科研顺利进行的物质基础,固定资产的管理既是一项常规性工作,也是一项长期艰巨的工作。本文首先对目前高校固定资产管理中存在的不足和缺陷进行了分析总结,并提出了相应的改进措施与对策,其次阐述了新时期高校固定资产采用信息化管理的必要性和优点,最后介绍了几个常用的高校固定资产信息化管理平台。

  10. Intellectual assets management and transfer in food science sector in Indian research and development organizations.

    Science.gov (United States)

    Singh, Vikram; Chakraborty, Kajal

    2016-05-01

    In recent years, the food science sector has gained importance since the society is focusing on high-quality and safety foods. With a specific end goal to meet this societal need, the research and development organizations in India have adopted innovative technical and research processes, which gave more accentuation on intellectual assessment in food processing industry. The global Intellectual Property regime in food science sector had witnessed an increment in the number of patents filed and granted during 2006-2010. Ever since there has been a gradual increase in the number of patents applied mainly in food processing industries by research organizations related to food sciences, for example, those working under the aegis of ICAR and CSIR in India. In this study, a review has been done on the intellectual assets generated by ICAR and other national research organizations in India, in the food science sector. Emphasis has been given on the global relevance of these assets, modes of IP protection and technology transfer mechanisms followed by different public and private organizations. PMID:27407182

  11. Intellectual assets management and transfer in food science sector in Indian research and development organizations.

    Science.gov (United States)

    Singh, Vikram; Chakraborty, Kajal

    2016-05-01

    In recent years, the food science sector has gained importance since the society is focusing on high-quality and safety foods. With a specific end goal to meet this societal need, the research and development organizations in India have adopted innovative technical and research processes, which gave more accentuation on intellectual assessment in food processing industry. The global Intellectual Property regime in food science sector had witnessed an increment in the number of patents filed and granted during 2006-2010. Ever since there has been a gradual increase in the number of patents applied mainly in food processing industries by research organizations related to food sciences, for example, those working under the aegis of ICAR and CSIR in India. In this study, a review has been done on the intellectual assets generated by ICAR and other national research organizations in India, in the food science sector. Emphasis has been given on the global relevance of these assets, modes of IP protection and technology transfer mechanisms followed by different public and private organizations.

  12. 医院固定资产信息化管理研究%Research on Fixed Assets Information Management in Hospital

    Institute of Scientific and Technical Information of China (English)

    阎星云; 缪建成; 汪丹梅

    2016-01-01

    Regarding the fixed assets management problems in the traditional mode, this paper proposes to set up the fixed assets manage-ment information system in hospital.This system can help managers to achieve files management, positioning management, dynamic query, online approval and depreciation accounting of fixed assets.Furthermore, this paper explains how to design the system from function planning, design principles and implementation process.Finally, through matching objective management and value management, hospital can achieve comprehen-sive, dynamic and elaborative lifecycle management, promote the management level of fixed assets to maintain and increase the value of assets powerfully.%针对传统的固定资产管理模式存在的问题,提出运用信息化技术构建医院固定资产管理信息系统,实现固定资产的档案管理、定位管理、动态查询、网上审批及折旧核算.从功能规划、设计原则、实现过程3个层面重点阐述了医院固定资产管理信息系统的建设,通过匹配实物管理与价值管理,实现了固定资产全面化、动态化、精细化的全生命周期管理,提升了医院的管理水平,为资产保值增值提供了有力保障.

  13. A framework for operationalization of strategic plans and metrics for corporate performance measurement in transportation asset management

    Science.gov (United States)

    Mteri, Hassan H.

    This thesis investigated the business processes required to translate corporate-level strategic plans into tactical and operational plans in the context of transportation asset management. The study also developed a framework for effective performance measure for departments of transportation. The thesis was based on a case study of transportation agencies in the U.S.A. and Canada. The scope is therefore limited or more directly applicable to transportation assets such as pavement, bridges and culverts. The goal was to address the problem of translating or managing strategic plans, especially in the context of the public sector responsible for operating transportation infrastructure. It was observed that many agencies have been successful in formulating good strategic plans but they have performed relatively poorly in translating such corporate-level strategic plans into operational activities. A questionnaire survey was designed and targeted about 30 state agencies that are currently active in transportation asset management. Twenty one (21) transportation agencies in the USA and Canada responded to the questionnaire. The analysis of the questionnaire data showed that there is a lack of a standard approach to managing corporate strategic plans in transportation agencies. The results also indicated that most transportation agencies operate in three organizational levels but there was no systematic approach of translating goal and objectives from high level to lower levels. Approaches in performance measurement were found to vary from agency to agency. A number of limitations were identified in the existing practice on performance measurements. Key weaknesses include the large number of measures in use (as many as 25 or more), and the disconnection between the measures used and the corporate goals and objectives. Lessons from the private sector were thoroughly reviewed in order to build the groundwork for adapting existing tools to the public sector. The existing

  14. Investments Portfolio Optimal Planning for industrial assets management: Method and Tool

    International Nuclear Information System (INIS)

    The purpose of this paper is to describe the method and tool dedicated to optimize investments planning for industrial assets. These investments may either be preventive maintenance tasks, asset enhancement or logistic investment such as spare parts purchase. The three methodological points to investigate in such an issue are: 1. The measure of the profitability of a portfolio of investments 2. The selection and planning of an optimal set of investments 3. The measure of the risk of a portfolio of investments The measure of the profitability of a set of investments in the IPOP (registered) tool is synthesised in the Net Present Value indicator. The NPV is the sum of the differences of discounted cash flows (direct costs, forced outages...) between the situations with and without a given investment. These cash flows are calculated through a pseudo-markov reliability model representing independently the components of the industrial asset and the spare parts inventories. The component model has been widely discussed over the years but the spare part model is a new one based on some approximations that will be discussed. This model, referred as the NPV function, takes for input an investments portfolio and gives its NPV. The second issue is to optimize the NPV. If all investments were independent, this optimization would be an easy calculation, unfortunately there are two sources of dependency. The first one is introduced by the spare part model, as if components are indeed independent in their reliability model, the fact that several components use the same inventory induces a dependency. The second dependency comes from economic, technical or logistic constraints, such as a global maintenance budget limit or a precedence constraint between two investments, making the aggregation of individual optimum not necessary feasible. The algorithm used to solve such a difficult optimization problem is a genetic algorithm. After a description of the features of the software a

  15. ASSET guidelines

    International Nuclear Information System (INIS)

    The IAEA Assessment of Safety Significant Events Team (ASSET) Service provides advice and assistance to Member States to enhance the overall level of plant safety while dealing with the policy of prevention of incidents at nuclear power plants. The ASSET programme, initiated in 1986, is not restricted to any particular group of Member States, whether developing or industrialized, but is available to all countries with nuclear power plants in operation or approaching commercial operation. The IAEA Safety Series publications form common basis for the ASSET reviews, including the Nuclear Safety Standards (NUSS) and the Basic Safety Principles (Recommendations of Safety Series No. 75-INSAG-3). The ASSET Guidelines provide overall guidance for the experts to ensure the consistency and comprehensiveness of their review of incident investigations. Additional guidance and reference material is provided by the IAEA to complement the expertise of the ASSET members. ASSET reviews accept different approaches that contribute to ensuring an effective prevention of incidents at plants. Suggestions are offered to enhance plant safety performance. Commendable good practices are identified and generic lessons are communicated to other plants, where relevant, for long term improvement

  16. An Analysis of Fixed Assets Management of Forestry Enterprises%浅议林业企业固定资产的管理

    Institute of Scientific and Technical Information of China (English)

    王秋云

    2012-01-01

      Fixed Assets are important economic sources of a forestry enterprise and they are the basic requirements of forestry practices. According to the specific features of fixed assets owned by a forestry enterprise, the forestry enterprise should build up mechanism for fixed assets management and allocation, and make a clear distinction between productive fixed assets and the non-productive assets. The forestry enterprise should also unify the thinking, strict liability, and combine reward with punishment in order to improve the utilizing efficiency of fixed assets, to maintain and increase value.%  固定资产是林业企业生产和经营的经济资源和物质基础。针对林业企业固定资产的具体特点,应建立长效的固定资产管理约束机制和调配机制,严格划分经营性和非经营性固定资产,统一思想、严格责任、奖惩结合,提高固定资产使用效率,实现保值增值

  17. 媒体资产管理下的电视内容资产价值分析%Asset Value Analysis of TV Content under Media Asset Management

    Institute of Scientific and Technical Information of China (English)

    王正; 王娟

    2015-01-01

    When most TV stations at hom e have constructed media asset management system, there is a question on how to make the most of the system to function it and realize the value. The goal of the management is to maximum the value of content asset in order that the owner of the asset could gain more benefits both socially and economically. The article, based on the summary of the value form from review, analysis and control of TV content asset, puts forward the strategies of development and added value.%当国内大部分电视台都建立起媒体资产管理系统的时候,必然会出现一个问题,那就是该怎么利用媒体资产管理系统,使其发挥作用,实现其建立的价值。媒体资产管理的目标是实现内容资产价值的最大化,从而使资产的拥有者获得更多的社会和经济利益。本文将对电视内容资产的概述、分析和把握,总结出电视内容资产的价值形式,根据这些价值形式提出开发和增值策略。

  18. Risk analysis for decision support in electricity distribution system asset management: methods and frameworks for analysing intangible risks

    Energy Technology Data Exchange (ETDEWEB)

    Nordgaard, Dag Eirik

    2010-04-15

    During the last 10 to 15 years electricity distribution companies throughout the world have been ever more focused on asset management as the guiding principle for their activities. Within asset management, risk is a key issue for distribution companies, together with handling of cost and performance. There is now an increased awareness of the need to include risk analyses into the companies' decision making processes. Much of the work on risk in electricity distribution systems has focused on aspects of reliability. This is understandable, since it is surely an important feature of the product delivered by the electricity distribution infrastructure, and it is high on the agenda for regulatory authorities in many countries. However, electricity distribution companies are also concerned with other risks relevant for their decision making. This typically involves intangible risks, such as safety, environmental impacts and company reputation. In contrast to the numerous methodologies developed for reliability risk analysis, there are relatively few applications of structured analyses to support decisions concerning intangible risks, even though they represent an important motivation for decisions taken in electricity distribution companies. The overall objective of this PhD work has been to explore risk analysis methods that can be used to improve and support decision making in electricity distribution system asset management, with an emphasis on the analysis of intangible risks. The main contributions of this thesis can be summarised as: An exploration and testing of quantitative risk analysis (QRA) methods to support decisions concerning intangible risks; The development of a procedure for using life curve models to provide input to QRA models; The development of a framework for risk-informed decision making where QRA are used to analyse selected problems; In addition, the results contribute to clarify the basic concepts of risk, and highlight challenges

  19. Protecting People, Infrastructure, Economies, and Ecosystem Assets: Water Management in the Face of Climate Change

    Directory of Open Access Journals (Sweden)

    Frederick Bloetscher

    2012-04-01

    Full Text Available Recent literature outlines significant impacts from climate change on many areas of the world, with much focus on causes and impacts. However the long-term trends demand adaptation strategies. While a variety of solutions have been suggested, some politically viable, others not, perhaps the most significant barrier to a cohesive approach to climate adaptation is the failure from the public and policy-makers to realize that different areas will be affected differently and that “one-size-fits-all” policy solutions will not be successful. In addition, as one area may identify and respond to challenges in their location, others should be supportive of those efforts, realizing that while such actions may be neither desirable nor appropriate for them, they may need support for solutions in the future in their areas. This project was designed as a framework to identify solutions and demonstrate differences between small regions and locales based on field conditions. The State of Florida was used as a case example to outline these differences because Florida is faced with significant challenges in the coming years related to water resources, the use of funds and political capital, and the potential for economic disruption. The intent is that the results of this project will lead to a series of recommendations and action steps for policy makers to conserve the state’s assets. A similar approach can be used in other states and countries to assess the likely policy and infrastructure needs for different locales.

  20. The Discipline of Asset Allocation.

    Science.gov (United States)

    Petzel, Todd E.

    2000-01-01

    Discussion of asset allocation for college/university endowment funds focuses on three levels of risk: (1) the absolute risk of the portfolio (usually leading to asset diversification); (2) the benchmark risk (usually comparison with peer institutions; and (3) personal career risk (which may incline managers toward maximizing short-term returns,…

  1. After-sales service of engineering industrial assets a reference framework for warranty management

    CERN Document Server

    González-Prida Díaz, Vicente

    2014-01-01

    This book explores the practical implementation of an advanced after-sales management framework devoted to warranty management. The framework is intended for companies producing either standardized or customized products, and such a management tool will facilitate organizational improvement and support innovative decision making processes for technical assistance in after-sales services.  “After–sales Service of Engineering Industrial Assets” comprises a proposal for a warranty management framework, with an account of the different methods that can be used to improve decision making in the different stages of the after-sales service management process, and strategies for strengthening the structure and foundations of the framework. A review of the fundamental issues and current research topics in warranty management and after sales services is also provided, which is exemplified by a case study. This book is intended for postgraduates, researchers and engineers who are interested in aftersales manageme...

  2. Research on the Integration of Assets Management and Budget Management in Higher Educational Organization%高校资产管理与预算管理相结合若干问题探析

    Institute of Scientific and Technical Information of China (English)

    陈玉安

    2013-01-01

    《事业单位国有资产管理暂行办法》(财政部令第36号)正式提出了资产管理要与预算管理相结合的新理念,笔者就资产管理与预算管理互为前提与基础以及相互制约相互促进的关系、高校资产管理与预算管理相脱节的原因方面入手,从编报预算中附加填报重大资产存量和国有资产收益情况、建立资产管理的信息化平台、将资产处与非税处合并办公、开展固定资产清理核实工作等六方面对高校资产管理与预算管理有机结合提出基本思路,旨在建立规范而长效的高校资产管理机制。%Temporary Measures on National Assets Management (NO 36 order of Ministry of Finance) puts forward a new idea that assets management shall be combined with budget management. The au-thor probed into the relationship between assets management and budget management and the reason why they are disconnected with each other for the time of being; the countermeasures include: compil-ing important state-owned assets stock and state-owned asset profits while compiling the budget;estab-lishing an informational platform for assets management;integrating assets department and non-taxation department; carrying out assets review to integrate assets management and budget management so as to establish a standard and sustainable asset management system in higher educational organizations.

  3. Asset Meltdown

    DEFF Research Database (Denmark)

    Marekwica, Marcel; Maurer, Raimond; Sebastian, Steffen P.

    2011-01-01

    Executive Summary. This paper analyzes the relation between demographic structure and real asset returns on Treasury bills, bonds, and stocks for the G7 countries (United States, Canada, Japan, Italy, France, the United Kingdom, and Germany). A macroeconomic multifactor model is used to examine...

  4. An asset-based approach to social risk management : a conceptual framework

    OpenAIRE

    Siegel, Paul B; Alwang, Jeffrey

    1999-01-01

    There is increasing concern about the vulnerability of poor and near-poor rural households, who have limited capabilities to manage risk and often resort to strategies that can lead to a vicious cycle of poverty. Household-related risk is ususally considered individual or private, but measures to manage risk are actually social or public in nature. Furthermore, various externality issues are associated with household-related risk, such as its links to economic development, poverty reduction, ...

  5. Value of monitoring in asset management: A social costbenefit analysis approach

    NARCIS (Netherlands)

    Zouch, M.; Courage, W.; Nápoles, O.M.

    2013-01-01

    We present a framework to investigate new monitoring techniques for infrastructures and assess their potential value for the network management. This framework is based on a social cost benefit analysis tool that aims to (i) assist decision makers in selecting and developing cost-effective new monit

  6. Long Term Asset Management Strategy for Refurbishment and Replacement of Nuclear Power Plants in Korea

    International Nuclear Information System (INIS)

    LTAM strategy was developed for the component level to efficiently manage aging and obsolescence. Systematic monitoring and proactive measures against aging mechanism will reduce unplanned loss due to failure of large components. Also, financial risk for lost power production will be minimized on the basis of fleet-wide LTAM strategies. (author)

  7. Assets Management Status Quo and Relevant Problems of Rural Grid%农电资产管理现状及问题探讨

    Institute of Scientific and Technical Information of China (English)

    刘江玲

    2012-01-01

    资本集中运作是国家电网公司财务集约化的重要内容。以湖南为例分析了农电资产管理的现状及存在的问题,如管理体系有待健全、资产信息更新不及时、资产经费收支不配比等,并针对性地提出优化资产结构、提高资本运营效率、促进财务集约化发展等建议,以利于维护农网建设的成果。%Concentrated capital operation is an important part of intensive finance of the State Grid Corporation of China. Taking Hunan Province as an example, this paper analyzes the assets management status quo and existing problems, such as the management system that is imperfect, the assets information that is not updated in time and the assets expenditure that are not balanced, and proposes some suggestions in optimizing the assets strucan'e, improving the capital operation efficiency and promoting intensive finances.

  8. Marketing intellectual assets: some approaches to estimation

    OpenAIRE

    Burlitska, Oksana Petrivna; Pinyak, Iryna Lyubomyrivna

    2012-01-01

    Main approaches to intellectual assets estimation in the context of the currentconception concerning the company cost management are systematized in the article. The attemptto introduce and classify the expenses dealing with marketing intellectual assets development ismade. The essential calculation procedures within comparative and profitable approaches in theintellectual assets estimation are found out. Our vision of the choice priority concerning theapproaches to certain marketing assets e...

  9. Liability valuation and optimal asset allocation

    OpenAIRE

    Inkmann, Joachim; Blake, David

    2004-01-01

    Current approaches to asset-liability management employ a sequence of distinct procedures to value liabilities and determine the asset allocation. First, a discount rate that is usually dic-tated by accounting standards is used to value liabilities. Second, the asset allocation is determined by maximizing some objective function in the surplus of assets over liabilities, taken as given the valuation of liabilities. We introduce a model that allows for the joint valuation of liabilities and th...

  10. Importance of managing intangible assets in enhancing dynamic capabilities of firms : cases from Sweden and Germany

    OpenAIRE

    Schiller, Stefan; Perera, Hector

    2012-01-01

    The purpose of this article is to provide insights into our understanding of integrated learning incorporating interactive control systems and diagnostic control systems, through a new integrative learning framework related to management control systems (MCSs). The proposed framework can be used to analyze systematically the knowledge-creating ability of a firm. The study adopts a learning perspective under qualitative research methodology. Data were collected through interviews and analyzed ...

  11. Practice and thinking of the fixed assets management and checking in the Navy General Hospital%海军总医院固定资产管理的难点及做法

    Institute of Scientific and Technical Information of China (English)

    刘震宇; 钱阳明

    2014-01-01

    固定资产是医院资产的重要组成部分,而固定资产管理是医院管理工作的重要一环。如何加强固定资产管理,有效提升资产管理效率是医院管理者亟待解决的问题。该文从从固定资产的概况入手,总结海军总医院固定资产管理中存在的难点,提出医院在固定资产管理方面的相关做法。%The fixed asset is an important component of hospital assets , and its management is an important part of hospital management .The strengthening of fixed assets management and improvement of efficiency in fixed assets management are 2 problems demanding urgent solution by the hospital managers .This paper attempts to investigate the fundamental status of the fixed assets in the hospital as a start , then it summarizes the difficulties encountered in the fixed assets management , and lastly puts forward related strate-gies for better management of the hospital fixed assets .

  12. THE ROLE OF VALUE AT RISK IN THE MANAGEMENT OF ASSET AND LIABILITIES

    OpenAIRE

    Petria Nicolae; Cociuba Mihai; Zapodeanu Daniela

    2012-01-01

    ALM is the management of risk at enterprise level, the models used in ALM can be static or dynamic: single period-static models, multiple period static model, single period stochastic model, multi period stochastic model. While single period-static don't incorporate the dynamic of the economical changes the multiple period-static models are an extension of the single period-static model, the most common used are multi-period stochastic which model the evolution of financial series in time and...

  13. Making Enterprise Information Management (EIM) Work for Business A Guide to Understanding Information as an Asset

    CERN Document Server

    Ladley, John

    2010-01-01

    Organizations of all types struggle with information. Millions of dollars are spent on ERP applications to integrate data and yet this data still isn't accessible or relevant. Emails contain hidden liabilities. Safety manuals endanger workers. Worse, there is data and information being created and handled in every nook and cranny of large organizations, well out of view of formal oversight, but within view of customers and regulators. Thus far, any efforts to wrestle the "data-beast" to the ground have failed, and there exists a profound need for all levels of business management, not just IT,

  14. 对高校家具资产管理和使用的思考%Thinking the management and use of furniture asset in colleges and universities

    Institute of Scientific and Technical Information of China (English)

    陈军

    2011-01-01

    The furniture used in colleges and universities is part of the fixed assets. As one of the material necessities,it assures the processes of teaching, research, administration, production and living. In order to prevent from loss and to protect the work need of the staff, the management of furniture asset should be enhanced, which can accommodate to the development of all undertakings in colleges and universities. The management and use of furniture asset should implement the principles of sound system, division-of-labor management, responsibility in levels, reasonable allocation, combination of management and use, and fulfillment of value.%高校所使用的家具是学校固定资产的组成部分,是保证教学、科研、行政办公、生产和生活等正常进行的物资.学校资产管理部门应加强学校家具资产的管理,防止学校资产流失,保障教职员工的工作需要,以适应学校各项事业的发展.对高校家具资产的管理和使用,须贯彻"健全制度,分工管理,层层负责,合理调配,管用结合,物尽其用"的原则.

  15. Risk based knowledge assessments: towards a toolbox for managing key knowledge assets

    International Nuclear Information System (INIS)

    Full text: It is now well acknowledged that considerable Knowledge Management (KM) issues are faced by national and international nuclear communities. Much of these problems relate to issues of an ageing workforce and the significantly reduced influx of new generation of nuclear engineers and scientists. The management discipline of KM contains a broad spectrum of methods and techniques. However, the effective implementation of a KM strategy requires the selection and deployment of appropriate and targeted approaches that are pertinent to the particular issues of the technical or business area within an organisation. A clear strategy is contingent upon an assessment of what are the knowledge areas and what are the key (knowledge) risk areas. In particular the following issues have to be addressed: 'what knowledge exists?', 'what is the nature and format of that knowledge?' and 'what knowledge is key to our continued, safe, and effective operation?'. Answers to such questions will enable an organisation to prioritise KM effort and employ subsequent KM approaches that are appropriate. Subsequent approaches ranging from the utilisation of information technologies, such as databases; knowledge retention methods; and the setting up of Community of Practices to share knowledge and experience. This paper considers a risk assessment based approach to KM. In so doing the paper extends work previously reported on an approach to conducting knowledge audits by considering the integration of that approach with approaches to (knowledge) risk assessment. The paper also provides a brief review of the various KM approaches that can act to reduce the level of risk faced by an organisation. The paper concludes by reflecting upon the role, value of deploying such a risk based approach. (author)

  16. Coping Strategies of Security Asset Management%券商资产管理应对行业变革策略

    Institute of Scientific and Technical Information of China (English)

    黄建贤

    2014-01-01

    Since 2012,the whole financial market has been sharply changing.The boundaries of bank,securities,insurance,trust and other related industries have been gradually breaking and fu-sing.Especially in the asset management industry,the new intensive policies of government have been changing the competition situation of financial asset industry.The extensive financial asset man-agement or huge financial asset management is rapidly growing.The influence of integration of new policies and cross-border business is enormous.Especially the relaxation of financial asset manage-ment license leads in more competitors and vitality.In the meanwhile,new policies spread out the new channels and increase the configurable products for the development of financial asset business. The innovation environment of financial products has been optimizing.In this situation,the license monopoly of financial management sub-industry has been gradually disintegrating.The feature of cross industries cooperation and competition has been more obvious.Both of all make each financial asset management institutions through different value activities to occupy the respective ecological position, develop strategic layout in huge financial asset management market and gradually carry out the differ-entiated business strategies.%自2012年以来,整个金融市场发生了急剧变化,银行、证券、基金、保险、信托等相关子行业的边界逐步在突破和融合。尤其是资产管理行业,监管层关于资产管理新政的密集出台改变了资产管理行业的竞争格局,泛资管或者大资管行业快速成长,这些政策的释放和跨界业务的融合,带来的影响是巨大的,特别是资管行业业务牌照的管制放松,吸引了更多的机构竞争者,行业活力显现;同时新政策为资管业务的开展铺设了新的渠道格局,增加了可配置产品,金融产品创新环境得到优化。在这种情况下,资管行业子行业

  17. Discussions on Reform of Assets Management Model in Agricultural Scientific Research Institutions%农业科研事业单位资产管理模式改革探讨

    Institute of Scientific and Technical Information of China (English)

    詹丽香

    2012-01-01

    “十一五”以来,国家财政对农业科研投入逐年增加,农业科研单位硬件设施不断改善,固定资产快速增值。文章分析了农业科研单位的资产现状及资产管理存在的问题,如固定资产不计提折旧、资产重复购置等,并针对这些问题从设立专门的资产管理机构、建立资产查询信息系统、对固定资产计提折旧与减值准备等方面,提出了农业科研事业单位国有资产管理模式改革思路。以期促进国有资产的保值与增值。%Since "the 1 lth Five-year Plan" period, the infrastructure and facilities of agricultural scientific research institutions have improved constantly and assets increased rapidly due to the increasing of financial input from all levels of govemment. Current status of asset in agricultural scientific research institutions was analyzed. Problems in management of asset were pointed out, such as the absence of assets depreciation, repeat purchase of asset, etc. According to these problems, reform strategies of model of asset management in agricultural scientific research institutions were suggested for keeping value and increasing value of national assets, i.e., setting up special asset management organization, setting up asset inquiry information system, asset depreciation or prepare of asset devalue, etc.

  18. 高校流动资产管理面临的问题及对策%Problems Faced by College Current Asset Management and Countermeasures

    Institute of Scientific and Technical Information of China (English)

    韦光莉

    2013-01-01

      近年来,我国的高等教育取得了飞速的发展。随着国家对高等教育投入的逐年加大,高校的流动资产也迅猛增长。如何对其进行有效管理,使其达到良好的“性价比”(即以较低的成本满足高校的正常运转)就成了摆在我们面前的一个很重要的问题。本文从高校国有资产管理的现状出发,主要针对流动资产管理中存在的问题进行了深入分析,并就如何更加有效地管理高校流动资产提出了自己的观点和看法。%In recent years, with the rapid development of higher education and the increasing in state higher education investment year by year, the college's current assets have been increased rapidly. How to effectively manage them to meet the normal operation of the college with a lower cost became a very important issue. From the status quo of college-owned assets management, this paper made in-depth analysis of existing problems in the management of current assets, and put forward own views and opinions on more effective management of university current assets.

  19. Pengaruh Good Corporate Governance, Total Asset Turnover, dan Earnings management Terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia

    OpenAIRE

    Ginting, Lias Karina

    2013-01-01

    The purpose of this study was to empirically test the simultaneous and partial influence of Good Corporate Government, Total Assets Turnover and Earnings Management on the value of company. The components of Good Corporate Government itself are Managerial Ownership, Institutional Ownership, Audit Committee, Board of Commissioner Composition, Audit Quality and the Number of Board of Commissioners. After the factor test was done, the variables used to represent Good Corporate Government were Ma...

  20. Physical dose reconstruction in case of radiological accidents: an asset for the victims' management

    International Nuclear Information System (INIS)

    In most cases of radiological accidents caused by an external source, the irradiation is heterogeneous, even for a whole body irradiation. Therefore, more than a whole body dose, estimating the dose distribution in the victim's organism is essential to assess biological damages. This dose distribution can be obtained by physical dosimetric reconstruction methods. The laboratory has developed several techniques based on experimental and numerical dose reconstruction and retrospective dosimetry by ESR in order to assess as accurately as possible and as quickly as possible the dose received and especially its distribution throughout the organism so that the physicians may fine tune their diagnosis and prescribe the most suitable treatment. These last years, these techniques were applied several times and each time the results obtained proved to be essential for the physicians in charge of the victims in order to define the therapeutic strategy. This article proposes a review of the physical dose reconstructions performed in the laboratory for recent radiological accidents focusing on the complementarity of the methods and the gain for the victims' management. (author)

  1. Generation of SEEAW asset accounts based on water resources management models

    Science.gov (United States)

    Pedro-Monzonís, María; Solera, Abel; Andreu, Joaquín

    2015-04-01

    One of the main challenges in the XXI century is related with the sustainable use of water. This is due to the fact that water is an essential element for the life of all who inhabit our planet. In many cases, the lack of economic valuation of water resources causes an inefficient water use. In this regard, society expects of policymakers and stakeholders maximise the profit produced per unit of natural resources. Water planning and the Integrated Water Resources Management (IWRM) represent the best way to achieve this goal. The System of Environmental-Economic Accounting for Water (SEEAW) is displayed as a tool for water allocation which enables the building of water balances in a river basin. The main concern of the SEEAW is to provide a standard approach which allows the policymakers to compare results between different territories. But building water accounts is a complex task due to the difficulty of the collection of the required data. Due to the difficulty of gauging the components of the hydrological cycle, the use of simulation models has become an essential tool extensively employed in last decades. The target of this paper is to present the building up of a database that enables the combined use of hydrological models and water resources models developed with AQUATOOL DSSS to fill in the SEEAW tables. This research is framed within the Water Accounting in a Multi-Catchment District (WAMCD) project, financed by the European Union. Its main goal is the development of water accounts in the Mediterranean Andalusian River Basin District, in Spain. This research pretends to contribute to the objectives of the "Blueprint to safeguard Europe's water resources". It is noteworthy that, in Spain, a large part of these methodological decisions are included in the Spanish Guideline of Water Planning with normative status guaranteeing consistency and comparability of the results.

  2. The Effects of Asset Management and Profitability on Stock Returns: A Comparative Study between Conventional and Islamic Stock Markets in Indonesia

    Directory of Open Access Journals (Sweden)

    Shelly Midesia

    2016-09-01

    Full Text Available This study aims at empirically examining whether there are differences in stock returns between conventional and Islamic stock returns In Indonesia for the period 2010-2013. This study also attempts to explore the effect of asset management and profitability both stock returns in Indonesia. Annual pooled data gathered from the annual financial reports of 100 conventional and Islamic stock returns, which were published by the Indonesian Stock Exchange from 2010 to 2013 were used and analyzed by using the independent t-test and panel multivariate regression analysis. The result shows that there was no difference in stock returns between the conventional and Islamic stock markets. Additionally, the study documents that only profitability, which is measured by market ratio, was found to have an influence on the conventional stock markets. Meanwhile, as for Islamic stock market, only management of assets was found to have a significant effect on the stock return. These findings imply that investors who are investing in both Islamic and conventional markets would gain similar returns. However, in predicting and stabilizing the stock markets, both investors and policy makers should focus on the profitability for the conventional and management of assets for the Islamic stock market.

  3. Asset and Liabilities Management. The Institutional Approach to ALM by Commercial Banks in Poland: a Special Focus on Risk Management

    OpenAIRE

    Katarzyna Zawalinska

    1999-01-01

    According to the early evidence, privatization and consolidation of banks have a strong favorable impact on the advancement of ALM and risk management methods. This paper examines various approaches to ALM by commercial banks in Poland. It elaborates results of the empirical survey of ALM and risk management techniques applied by banks in Poland. The survey was conducted in Spring 1999. The analysis shows that privatization of banks contributes to the improvement of efficiency and to better r...

  4. Marketing intellectual assets: some approaches to estimation

    Directory of Open Access Journals (Sweden)

    Burlitska, Oksana Petrivna

    2012-11-01

    Full Text Available Main approaches to intellectual assets estimation in the context of the currentconception concerning the company cost management are systematized in the article. The attemptto introduce and classify the expenses dealing with marketing intellectual assets development ismade. The essential calculation procedures within comparative and profitable approaches in theintellectual assets estimation are found out. Our vision of the choice priority concerning theapproaches to certain marketing assets estimation is proposed. The problems of intellectual assetsestimation are detected. They need all-round and deep study and elimination due to the matrix thatwould connect the spheres of the company key competence and the above-mentioned types of assets.

  5. On this stage management of fixed assets of state-owned enterprises%中央银行支付清算系统监管内容及方式研究

    Institute of Scientific and Technical Information of China (English)

    王继红

    2012-01-01

      通过总结支付清算系统实施监管的国际经验,分析了我国中央银行系统监管存在的问题,对我国中央银行支付清算系统监管内容及方式选择进行论述。%  fixed assets is an important part of the production and operation of enterprises, enterprise indispensable factor of production, is the ma-terial basis of enterprise survival. Fixed assets of the standardization and institutionalization of scientific management is directly related to the future development of the state-owned enterprises. Measures can be taken through the analysis of the fixed assets of state-owned enterprises manage the status quo, the proposed management of fixed assets of state-owned enterprises.

  6. Asset Condition, Information Systems and Decision Models

    CERN Document Server

    Willett, Roger; Brown, Kerry; Mathew, Joseph

    2012-01-01

    Asset Condition, Information Systems and Decision Models, is the second volume of the Engineering Asset Management Review Series. The manuscripts provide examples of implementations of asset information systems as well as some practical applications of condition data for diagnostics and prognostics. The increasing trend is towards prognostics rather than diagnostics, hence the need for assessment and decision models that promote the conversion of condition data into prognostic information to improve life-cycle planning for engineered assets. The research papers included here serve to support the on-going development of Condition Monitoring standards. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, Chin...

  7. Design of an Asset and Liability Management System for a Bank%某银行资产负债管理系统设计

    Institute of Scientific and Technical Information of China (English)

    钱秋艳

    2015-01-01

    由于目前金融市场的风云变幻,提出不管从主客观还是制度方面考量,银行建立专业的资产负债管理系统都势在必行.指出该系统在银行发展中的重要作用,论述了某银行资产负债管理系统的设计方案,各大模块的设计要点,指出国内商业银行只有通过管理的现代化才能提升自身的核心竞争力.%Due to the changeable situation of current financial market, it proposes that it is an inevitable trend to build upa professional asset and liability management system in banks considering subjectivity, objectivity and systematism. In the paper, the role of this system in bank development was dicussed. Further, a design scheme of an asset and liability manage-ment system for a bank was described, including key points of design for modules. In the end, it points out that only through management modernization, can domestic commercial banks enhance their core competitiveness.

  8. RFID技术在高校实验设备资产管理中的应用%Application of RFID technology in experimental equipment assets management in colleges and universities

    Institute of Scientific and Technical Information of China (English)

    王声革; 郭建宏

    2013-01-01

    利用RFID自动识别技术,通过互联网实现实验设备固定资产的信息化管理.该应用技术可改变高校实验设备固定资产的手工管理方式,有效解决资产清查效率低、资产清查难度大、难以监控等问题,显著提高高校资产管理的效率和水平,保证教学科研工作正常运行.%The laboratory equipment assets exist daily management benefit low, asset inventory difficult, difficult to control, and other problems. Using RFID automatic identification technology, through the Internet it can realize the informationization management of experimental equipment of fixed assets, may change the university experimental equipment fixed assets manual management way, can effectively solve the asset inventory problems related to low efficiency, can improve the efficiency of college asset management and level, and can ensure the normal operation of the teaching and scientific research.

  9. Climate change in asset management of infrastructure: A risk-based methodology applied to disruption of traffic on road networks due to the flooding of tunnels

    OpenAIRE

    Huibregtse, E.; Morales Napoles, O.; Hellebrandt, L.; D. Paprotny; S. De Wit

    2016-01-01

    This paper presents a risk-based method to quantify climate change effects on road infrastructure, as a support for decision-making on interventions. This can be implemented in climate adaptation plans as an element of asset management. The method is illustrated by a specific case in which traffic on a road network is disrupted by the flooding of a tunnel due to extreme rainfall. Novel techniques to describe both probability of occurrence and consequences of an event are integrated into the p...

  10. Capital Structure and Assets

    DEFF Research Database (Denmark)

    Flor, Christian Riis

    2008-01-01

    post optimally sell the assets or re-optimize the capital structure. Ex ante, more uncertain asset value decreases leverage, but not firm value, and selling the assets becomes less likely. Firms should tend to invest in assets whose value is less correlated to changes in earnings and, in addition...

  11. Earnings Management Based on Disposal of Assets%基于资产处置的盈余管理研究

    Institute of Scientific and Technical Information of China (English)

    王福胜; 程富; 吉姗姗

    2013-01-01

    Taking A-share listed companies in stock markets of Shenzhen and Shanghai from 2009 to 2010 as research samples , the study measures real earnings by net income , after deducting the profit and loss from the disposal of non-current assets .We divide research samples into three types , i.e., loss firms, earnings decreasing firms and earnings increasing firms , use univari-ate analysis and OLS regression model to investigate whether firms manipulate earnings through the disposal of assets , and utilize Logistic regression model to explore detailed incentives to manage earnings through the disposal of assets for each type of firms . The results show that:①loss firms and earnings decreasing firms tend to increase reported earnings through the disposal of assets to avoid reporting losses and earnings decreases;②earnings increasing firms tend to decrease reported earnings through the dis-posal of assets to smooth earnings;③the probability that the loss firms avoid reporting losses through the disposal of assets is neg -atively associated with the extent of losses before assets disposal and positively associated with previous period losses , delisting risks and performance-related compensation contract;④the probability that the earnings decreasing firms avoid earnings decrea-ses through the disposal of assets is negatively associated with the extent of earnings decreases before assets disposal and positive -ly associated with the degree of information asymmetry , current period losses and asset-liability ratio;and ⑤the probability that the earnings increasing firms smooth earnings through the disposal of assets is positively associated with the extent of earnings in -creases before assets disposal , the profit level and tax costs , and negatively associated with asset-liability ratio and previous peri-od losses.%选取2009年至2010年沪深两市A 股上市公司为研究样本,以扣除非流动资产处置损益后的净利润衡量真实盈余,将研究

  12. A Comparison Between a Dynamic and Static Approach to Asset Management Using CAPM Models on the Australian Securities Market

    Directory of Open Access Journals (Sweden)

    Dionigi Gerace

    2015-06-01

    Full Text Available Despite the capital asset pricing model being one of the most influential mod¬els in modern portfolio theory, it has also been a victim of criticism in numerous academic papers. Its assumptions which seem to be rather unre¬alistic, have caused many academics to improve the model by relaxing some of its restrictive statements. In this journal article, we compare the performance of an optimal portfolio of securities in the Australian securities market by constructing two theoretical portfolios; one using the capital asset pricing model which uses a single beta throughout a static investment horizon; and another, which allows the op¬timal portfolio to be rebalanced each week with an adjusted beta. The performance of the two theoretical portfolios is compared to determine the superior model. Overall, findings showed that due to rebalancing of the portfolio, the multiple period model was the superior model based on before and after transaction cost returns.

  13. INTERNAL CONTROLS AND THE POWER OF NEGOTIATION: THE ROLE OF IDENTITY MANAGEMENT IN THE PROTECTION OF INFORMATION ASSETS

    OpenAIRE

    David L. Coss

    2014-01-01

    This research is focused on developing an understanding of how individuals identify with their assigned roles and responsibility structures within an organization. Additionally it is concerned with how individuals approach their responsibility and accountability for protecting information assets within an organization. We utilize Social Identity Theory and Identity Theory as a lens for analyzing the negotiation process between an organization and their stakeholders, with respect to identifyin...

  14. Internal controls and the power of negotiation : the role of identity management in the protection of information assets

    OpenAIRE

    David L. Coss

    2014-01-01

    This research is focused on developing an understanding of how individuals identify with their assigned roles and responsibility structures within an organization. Additionally it is concerned with how individuals approach their responsibility and accountability for protecting information assets within an organization. We utilize Social Identity Theory and Identity Theory as a lens for analyzing the negotiation process between an organization and their stakeholders, with respect to identifyin...

  15. On Problems of Fixed Assets Management in Enterprises' Groups%浅议企业集团固定资产管理中存在的问题及对策

    Institute of Scientific and Technical Information of China (English)

    王芳

    2011-01-01

    In market economy,the survival and development of enterprises must be based on good management.As an important component of enterprises,fixed assets are the essential condition for the existence of enterprises,the management of which is directly related to the development of enterprises.On account of a good many subjective and objective factors,there exist many problems in the management of fixed assets.This article briefly discusses the short-term behavior of enterprises in their fixed assets investment,the formation of unlisted assets,the loss of state-owned assets in the fixed assets management,the recognition of fixed assets and the computation of depreciation of fixed assets in the value accounting of fixed assets,etc.In reaction to these problems,the article also makes some propositions about the approaches to improve the check-up method,about the establishment and improvement of the fixed assets management system,about the popularization of the accelerating depreciation method,to achieve the benign circulation of fixed assets,and enable enterprises to develop healthily.%市场经济条件下,企业集团的生存与发展必须以良好的管理手段为基础。固定资产作为企业集团资产中的一个重要组成部分,是企业存在的根本条件,它的管理好坏直接关系到企业的发展。由于诸多主客观因素的影响,固定资产管理中存在许多问题。本文对企业集团固定资产投资中的短期行为、账外资产的形成、固定资产经营中的国有资产流失,以及固定资产价值核算中有关固定资产确认、折旧的计提等方面存在的问题进行了粗浅的探讨,并提出要通过改进考核办法,建立健全固定资产管理制度,推广加速折旧法等管理措施,实现固定资产的良性循环,使企业向健康发展的道路前进。

  16. On How to Manage Fixed Assets of Grass-roots Institutions%浅谈如何管理好基层事业单位的固定资产

    Institute of Scientific and Technical Information of China (English)

    朱艳丽

    2012-01-01

    事业单位的固定资产数量和金额增长迅猛,依法规范基层事业单位固定资产划分界限,取得方式,计价原则,折旧方法,管理模式,人员配置.加强固定资产管理,细分责、权、利.加强内部控制制度,防止并及时发现和纠正固定资产业务中的差错和舞弊,保护固定资产的安全和完整.提高固定资产的使用效益,使固定资产保值,增值,以满足各个部门对固定资产管理的需要.%The number of fixed assets of the institutions and the money amount grow rapidly, according to law to standardize the grass-roots institutions' fixed assets demarcation, acquisition method, the principle of valuation, depreciation methods, management mode and staffing. To strengthen the management of fixed assets, subdivide responsibilities, rights and interests. To strengthen internal control systems to prevent and timely detect and correct errors and fraud in the business of fixed assets, protect the security and integrity of fixed assets. To improve the utilization benefit of fixed assets, make fixed assets maintain value, rise in value, so as to meet the needs of all sectors managing the fixed asset.

  17. Challenges and Strategies of Trust Companies in Pan Asset Management Period%泛资管时代信托公司的挑战与对策

    Institute of Scientific and Technical Information of China (English)

    王瑞君

    2014-01-01

    在“分业经营、分业监管”的金融体制下,信托公司经过短短几年的高速发展就成为仅次于银行的第二大金融部门。但是伴随资管新政的出台,信托公司将会失去垄断经营权,面临其他金融机构的激烈竞争。本文通过分析泛资产管理市场的发展现状、存在的问题以及信托公司所面临的挑战,提出相关对策建议。%Under the financial system of the“separate operation, separate supervision”, trust companies rank the second biggest financial sector in a few years’ rapid development after banks. But with the promulgation of the new policy on asset management, trust companies will lose its monopoly and face intense competition from other financial institutions. The paper analyzes the develop-ment situation and problem of the pan asset management market, explores the challenges of the trust companies, and proposes integrat-ed strategies of trust companies.

  18. Study on the Multi-level Management Mode Construction of China's Foreign Exchange Reserves Assets---Also on the Investment Diversification of Foreign Exchange Reserve Assets%中国外汇储备资产多层次管理模式构建研究--兼论外汇储备资产投资多元化

    Institute of Scientific and Technical Information of China (English)

    孔立平

    2015-01-01

    With the expansion of the scale of China's foreign exchange reserve, the scientific management and the optimal configuration of reserve assets become increasingly important. Chinese foreign reserves should follow the "specialization, hierarchical management" ideas to construct our country's foreign exchange reserves management mode, that means reserve assets should be divided into three levels, they are basic reserve assets, income reserve assets and strategic reserve assets. The State Administration of Foreign Exchange, China Investment Corporation and Central Huijin Investment Ltd. are responsible for managing respectively. All levels are corresponding to different management objectives, face different types and degrees of risk, focus on different management priorities, so as to the investment portfolio and investment strategy are not the same.%随着我国外汇储备规模的不断扩大,对储备资产的科学管理和优化配置显得越来越重要。我国外汇储备管理模式的构建应遵循“专业化分工,分层次管理”的思路,把外汇储备资产分为三个层次,即基础性储备资产、收益性储备资产以及战略性储备资产,分别由国家外汇管理局、中国投资有限责任公司和中央汇金有限责任公司负责管理。各个层次面临风险的种类和程度不同,对应管理目标不同,管理的侧重点也不同,从而决定了其投资组合和投资策略也不相同。

  19. 跨越式发展背景下高校固定资产管理研究%Study on Fixed Assets Management in Colleges and Universities under the Background of Leap-forward Development

    Institute of Scientific and Technical Information of China (English)

    杨素琴; 付罡

    2012-01-01

    With the leap-forward development of higher education, university fixed assets has expanded rapidly and been more and more complex. It need to improve the management of fixed assets in higher school to satisfy new change. First of all, this paper analyzes the problems of fixed assets management, secondly, describes the basic principles of fixed asset management in higher school, and lastly proposes the suggestions to improve the fixed asset management in higher school.%随着我国高等教育事业的跨越式发展,高校固定资产规模急剧膨胀、构成日趋复杂,对固定资产管理提出了更高的要求.本文剖析当前高校固定资产管理中存在的问题,对高校固定资产管理应当遵循的基本原则进行阐述,提出进一步完善高校固定资产管理的对策建议.

  20. Analysis of Communication System Construction of Life Cycle Asset Management in Power Grid Enterprise%析电网企业资产全寿命周期管理沟通工作体系建设

    Institute of Scientific and Technical Information of China (English)

    杨晓月; 赵大青; 张毅; 黎珊

    2015-01-01

    In order to improve the management efficiency of power grid enterprise based on physical assets gradually, this paper analyzes all the communication needs from various stakeholders and presents the communication context during each stage in assets management. The paper discusses the close-loop com-munication system from mechanism optimization, performance evaluation to continuous improvement and its role in life cycle asset management.%为不断提高以实物资产为主的电网企业管理效率,文章在分析不同利益相关方沟通需求,梳理资产管理各阶段沟通工作脉络的基础上,初步论述了从机制优化、效果评估到持续改进的闭环沟通工作体系及其所发挥的作用。

  1. 应用软件作为医院无形资产的管理分析及核算%Analysis and Accounting on Applying Software in the Management of Hospital Intangible Assets

    Institute of Scientific and Technical Information of China (English)

    苏薇

    2013-01-01

    文章通过对应用软件在医院日常运作中的现状分析,构建了一套作为无形资产核算的应用软件的管理流程,对其会计核算方法进行了探讨。目的在于规范作为无形资产核算的应用软件的管理,以便更好反映医院此项无形资产的状况。%Through analyzing the present situation of applying software in the daily operation in hospitals, to build a set of management process for applying software to manage intangible assets, discuss the accounting methods. The purpose is to standardize the application software to manage intangible assets, in order to reflect the status of the hospital intangible assets better.

  2. On the use of genetic algorithm to optimize industrial assets lifecycle management under safety and budget constraints

    Energy Technology Data Exchange (ETDEWEB)

    Lonchampt, J.; Fessart, K. [EDF R and D, Departement MRI, 6, quai Watier, 78401 Chatou cedex (France)

    2013-07-01

    The purpose of this paper is to describe the method and tool dedicated to optimize investments planning for industrial assets. These investments may either be preventive maintenance tasks, asset enhancements or logistic investments such as spare parts purchases. The two methodological points to investigate in such an issue are: 1. The measure of the profitability of a portfolio of investments 2. The selection and planning of an optimal set of investments 3. The measure of the risk of a portfolio of investments The measure of the profitability of a set of investments in the IPOP tool is synthesised in the Net Present Value indicator. The NPV is the sum of the differences of discounted cash flows (direct costs, forced outages...) between the situations with and without a given investment. These cash flows are calculated through a pseudo-Markov reliability model representing independently the components of the industrial asset and the spare parts inventories. The component model has been widely discussed over the years but the spare part model is a new one based on some approximations that will be discussed. This model, referred as the NPV function, takes for input an investments portfolio and gives its NPV. The second issue is to optimize the NPV. If all investments were independent, this optimization would be an easy calculation, unfortunately there are two sources of dependency. The first one is introduced by the spare part model, as if components are indeed independent in their reliability model, the fact that several components use the same inventory induces a dependency. The second dependency comes from economic, technical or logistic constraints, such as a global maintenance budget limit or a safety requirement limiting the residual risk of failure of a component or group of component, making the aggregation of individual optimum not necessary feasible. The algorithm used to solve such a difficult optimization problem is a genetic algorithm. After a description

  3. On the use of genetic algorithm to optimize industrial assets lifecycle management under safety and budget constraints

    International Nuclear Information System (INIS)

    The purpose of this paper is to describe the method and tool dedicated to optimize investments planning for industrial assets. These investments may either be preventive maintenance tasks, asset enhancements or logistic investments such as spare parts purchases. The two methodological points to investigate in such an issue are: 1. The measure of the profitability of a portfolio of investments 2. The selection and planning of an optimal set of investments 3. The measure of the risk of a portfolio of investments The measure of the profitability of a set of investments in the IPOP tool is synthesised in the Net Present Value indicator. The NPV is the sum of the differences of discounted cash flows (direct costs, forced outages...) between the situations with and without a given investment. These cash flows are calculated through a pseudo-Markov reliability model representing independently the components of the industrial asset and the spare parts inventories. The component model has been widely discussed over the years but the spare part model is a new one based on some approximations that will be discussed. This model, referred as the NPV function, takes for input an investments portfolio and gives its NPV. The second issue is to optimize the NPV. If all investments were independent, this optimization would be an easy calculation, unfortunately there are two sources of dependency. The first one is introduced by the spare part model, as if components are indeed independent in their reliability model, the fact that several components use the same inventory induces a dependency. The second dependency comes from economic, technical or logistic constraints, such as a global maintenance budget limit or a safety requirement limiting the residual risk of failure of a component or group of component, making the aggregation of individual optimum not necessary feasible. The algorithm used to solve such a difficult optimization problem is a genetic algorithm. After a description

  4. Salience and Asset Prices

    OpenAIRE

    Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei

    2013-01-01

    We present a simple model of asset pricing in which payoff salience drives investors' demand for risky assets. The key implication is that extreme payoffs receive disproportionate weight in the market valuation of assets. The model accounts for several puzzles in finance in an intuitive way, including preference for assets with a chance of very high payoffs, an aggregate equity premium, and countercyclical variation in stock market returns.

  5. Design and implementation of an asset management system of universities based on J2EE%基于J2EE的高校资产管理系统的设计与实现

    Institute of Scientific and Technical Information of China (English)

    卢磊; 张峰

    2011-01-01

    为提高学校资产的自动化管理水平,降低资产管理成本,通过对高校资产管理进行实际调研,设计了一种基于B/S的资产管理方素.与传统手工管理相比,该方案实现了无纸化办公,即从原来的人工记录管理模式转变为计算机一体化管理.重点研究了高校资产管理流程、方案的总体结构、系统架构,系统的核心模块的设计与应用程序的实现.应用结果表明,该方案可有效地集成和管理实现资产信息管理系统的网络化,系统实施之后,高校科研管理的工作效率得到了明显的提高.%In order to improve the level of automated management of college assets and reduce the assets management costs,the asset management system of universities based on J2EE is designed through the investigation of one college. Compared with the traditional manual management,the administration of institutions has realized paperless aflice, which means the management has developed from the original manual records management to the integrated management, The college assets process,system scheme architecture,core module of the system design and application implementation are researched.Application results show that the scheme can effectively realize networking of assets management system. After implementation of the system, the efficiency of research management in universities has heen greatly improved.

  6. Methods and apparatus for switching a transponder to an active state, and asset management systems employing same

    Science.gov (United States)

    Mickle, Marlin H. (Inventor); Jones, Alex K. (Inventor); Cain, James T. (Inventor); Hawrylak, Peter J. (Inventor); Marx, Frank (Inventor); Hoare, Raymond R. (Inventor)

    2012-01-01

    A transponder that may be used as an RFID tag includes a passive circuit to eliminate the need for an "always on" active RF receiving element to anticipate a wake-up signal for the balance of the transponder electronics. This solution allows the entire active transponder to have all circuit elements in a sleep (standby) state, thus drastically extending battery life or other charge storage device life. Also, a wake-up solution that reduces total energy consumption of an active transponder system by allowing all non-addressed transponders to remain in a sleep (standby) state, thereby reducing total system or collection energy. Also, the transponder and wake-up solution are employed in an asset tracking system.

  7. Asset tracking in harsh environments

    Energy Technology Data Exchange (ETDEWEB)

    O' Neal, E.S. [Infosight Corp., Chillicothe, OH (United States)

    2009-07-01

    Current economic times require tight control of all assets / inventory and processes a company manages. These items if managed correctly and timely can mean the difference between success and failure of a company. Cost savings in hard economic times are essential to allow a company to utilize its assets to the fullest potential by eliminating duplication and waste. Accurate process management leads to greater customer satisfaction and loyalty. Many industries and processes have believed it to be impossible to track their products or assets using bar-codes due to the unique conditions of their environment; whether it is high temperature, rough handling or chemicals. That has now changed. Companies specializing in identification methods have stepped up to the challenge and have overcome many obstacles of the past. It's no longer a paper or plastic bar-code world. The presentation will be broken down into four parts: 1) The differences between Asset and ID tracking; 2) Why does a company need to bar-code?; 3) The objections many companies use for not bar-coding; and, 4) What's new in bar-coding? Case study handouts and a reference list of various companies including software, labeling and attachment techniques will be available at the end of the presentation. (author)

  8. Asset tracking in harsh environments

    International Nuclear Information System (INIS)

    Current economic times require tight control of all assets / inventory and processes a company manages. These items if managed correctly and timely can mean the difference between success and failure of a company. Cost savings in hard economic times are essential to allow a company to utilize its assets to the fullest potential by eliminating duplication and waste. Accurate process management leads to greater customer satisfaction and loyalty. Many industries and processes have believed it to be impossible to track their products or assets using bar-codes due to the unique conditions of their environment; whether it is high temperature, rough handling or chemicals. That has now changed. Companies specializing in identification methods have stepped up to the challenge and have overcome many obstacles of the past. It's no longer a paper or plastic bar-code world. The presentation will be broken down into four parts: 1) The differences between Asset and ID tracking; 2) Why does a company need to bar-code?; 3) The objections many companies use for not bar-coding; and, 4) What's new in bar-coding? Case study handouts and a reference list of various companies including software, labeling and attachment techniques will be available at the end of the presentation. (author)

  9. A Study of the Effectiveness of Postal Financial Assets Services

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    Based on the theory of bank management, the article analyses the operating principles of postal financial assets service; selects and divides different kinds of postal financial assets services; dissects their economic and comprehensive results; furthermore, and gives examples of different assets combinations according to the development of the services.

  10. Optimiser les ressources en images fixes avec un système de Digital Asset Management (DAM) ? Le cas d'Archimag

    OpenAIRE

    Senesi, Vera

    2010-01-01

    Ce mémoire a pour objectif de définir le DAM, Digital Asset Management. Il commence par exposer le contexte, le passage au numérique, qui a permis la naissance des systèmes de DAM, et définit ce système de gestion de contenu et ses spécificités. Il aborde ensuite dans une plate-forme DAM la chaîne des fonctions qui permet à tout média d'être numérisé et/ou intégré, indexé, édité, recherché, distribué, puis s'intéresse aux solutions DAM orientées images fixes. Enfin, il décrit le besoin d'une ...

  11. Fixed Assets Accounting and Management under New Hospital Financial and Accounting System%新医院财务会计制度下固定资产的管理与核算

    Institute of Scientific and Technical Information of China (English)

    刘长江

    2013-01-01

    Fixed assets is the basic material foundation for developing medical treatment, teaching and research activities in hospital, and is the important condition for guaranteeing people's health and developing health service. It has implemented new hospital financial and accounting system and introduced new fixed assets management idea since 2012. And it has higher demand for assets confirmation, depreciation, accounting, and asset cleaning. Starting from analyzing the changes of system, the paper discussed the fixed assets accounting and management under the new situation, combined with the reality of hospital asset management, for exploring scientific and effective management ways and accounting methods, so as to promote the improvement of economic benefits and social benefits of hospitals.%固定资产是医院开展医疗、教学、科研活动的基本物质基础,是保障人民健康和发展卫生事业的重要条件。2012年实施新医院财务会计制度,引入了全新的固定资产管理理念,资产确认、计提折旧、会计核算、资产清理等都提出了新的要求。笔者通过分析新旧制度的主要变化,结合医院资产管理实际,探讨新形势下的固定资产核算与管理,寻求科学有效的管理方式与核算方法,以促进医院社会效益和经济效益的提高。

  12. 基于RFID的电力资产电子化标签管理应用实现%RFID-based Management and Application of Power Assets Electronic Label

    Institute of Scientific and Technical Information of China (English)

    方涛; 庞南生

    2015-01-01

    For power supply companies, power assets is related to its core competencies, and an accurate and efficient power assets management system can effectively enhance the core competitiveness of power enterprises. In view of this, in order to further enhance the power assets electronic label management efficiency, this paper uses the RFID core technology, and innovates and improves it from multiple workflows and perspective, realizes the strict and innovative management of electricity assets in "mining, construction, transportation, retirement and waste" five basic aspects, so as to maintain the consistency of the "accounts, cards and material" data of power assets and effectively enhance the life and management efficiency of power supply enterprise assets.%对于供电企业而言,电力资产事关其整体的核心竞争力,一套高效精准的电力资产管理系统可以有效提升电力企业的核心竞争力。鉴于此,为进一步提升电力资产电子化标签管理效率,本文采用了RFID核心技术,并从多个工作流程和角度对其进行了创新和改进,实现了对电力资产“采、建、运、退、废”这五个基本环节的严格而又创新的管理,从而保持了电力资产构成中“账、卡、物”等数据的一致性,有效提升了供电企业电力资产的寿命和管理效率。

  13. Research on right management system of media assets based on WMRM%基于WMRM的媒体资源版权管理系统的研究

    Institute of Scientific and Technical Information of China (English)

    范瑞娜; 崔杜武

    2009-01-01

    针对共享资源引发的版权问题,提出了一个基于WMRM模型的版权管理应用方案.介绍了版权管理的概念及其应用背景和相关研究工作,分析了包含内容服务和许可服务的DRM(digital right management,数字版权管理)结构模型,研究关键技术问题,其中重点讨论了认证模式和认证流程,在上述基础上,最终实现了一个应用于内容分发的模块化版权管理模型.%To solve right issues which are arising from assets sharing, an application scheme of right management based on WMRM architecture is proposed. First, the concept and background of right management technology and related researches are presented. In the view of DRM architecture with content service and authorization service, several key problems are studied, the most important parts is the authentication flow and the way of it. Based on that, a modularization right management model applied on content delivery is realized in the end.

  14. Discussion on Incorrupt Idea of Risk Management for Fixed Assets in Medical and Health Organizations%医疗卫生单位固定资产廉政风险防控管理探索

    Institute of Scientific and Technical Information of China (English)

    李彤; 李学智

    2016-01-01

    为了准确把握固定资产管理中的廉政风险点,切实做到固定资产管理监督有标准、有依据、能到位,保障固定资产管理制度的贯彻落实。我们将廉政风险管理机制应用到固定资产管理的监督过程中,建立了固定资产监督管理体系,为杜绝公共财产“跑、冒、滴、漏”问题提供保障。%In order to accurately find out the risk point of incorruption in the fixed asset management, have criteria for fixed asset supervision, and implement the fixed assets management rules. During process of supervision, the risk management system was applying and supervision systems for fixed assets management were built up, which provided the good methods for eliminating public property problems.

  15. Existing problems and countermeasures of the laboratory fixed assets management in the higher vocational colleges%高职院校实验室固定资产管理存在的问题及对策

    Institute of Scientific and Technical Information of China (English)

    何勤

    2013-01-01

      在高职院校财务管理中,实验室固定资产管理是重要的部分。加强实验室固定资产管理,提高实验室固定资产使用效益,对促进高等教育事业的发展具有十分重要的意义。针对高职院校现行实验室固定资产管理中存在的主要问题,提出解决问题的思路与对策。%In the financial management in higher vocational colleges, fixed assets management of laboratory is an important part of. Strengthen the management of fixed assets and improve efficiency in the use of laboratory, laboratory of fixed assets, has a very impor-tant significance to promote the development of higher education. Aiming at the main problems of fixed assets management in Higher Vocational Colleges present in the laboratory, put forward the countermeasures to solve the problem.

  16. CIM-based Information Model for Power Grid Enterprise Asset Management and Its Application%基于公共信息模型的电网企业资产管理信息模型及应用

    Institute of Scientific and Technical Information of China (English)

    曹晋彰; 王扬; 朱承治; 张扬; 郭创新; 曹一家

    2012-01-01

    In the overall plan for the smart grid by State Grid Corporation, the life-cycle asset management (EAM) system is the main part of the development of state grid enterprise resource planning (ERP). From the point of view of construction rules of the complex information system, based on the IEC 61970/61968 common information model (CIM), the asset information model theory is described and the difference between power system resources and asset is analyzed. The disciplines and methods for the electric power information modeling are presented and used to extend to the asset information model. The asset information model includes the base model and operation model, of which the former describes equipment records while the latter covers the inspection and maintenance data. Various applications of the asset model are discussed, such as asset database design, asset classification and coding design. Moreover, the integration scheme of asset managemqnt with materials and financial management is roughly studied.%从复杂信息系统建设的规律出发,基于IEC61970/61968的公共信息模型(CIM),阐释了资产信息模型理论,分析了电力系统资源与资产的区别;提出了电力信息建模的原则和方法,并据此扩展资产信息模型,包括资产基础模型和工作模型,其中资产基础模型详尽描述了设备台账对象,而工作模型概括了主要设备维修活动涉及的基础数据;介绍了资产模型的各种应用,如用于资产数据库设计、资产分类与编码设计,并理清资产与功能位置的关系、资产管理与物资和财务管理的关联集成。

  17. Securitization and Asset Prices

    OpenAIRE

    Aksoy, Yunus; Henrique S. Basso

    2015-01-01

    During the 15 years prior to the global financial crisis the volume of securitized assets transacted in the US has grown substantially, reflecting a change in the nature of the financial intermediation process. Together with increased securitization, financial entities, who participate more heavily in the asset-backed security (ABS) market and hold a diversified portfolio of assets, have also become more relevant. As a result, the volume of securitization, although traditionally associated wi...

  18. Securitization and asset prices

    OpenAIRE

    Yunus Aksoy; Henrique S. Basso

    2015-01-01

    We investigate the link between securitization and asset prices and show that increases in the growth rate of the volume of ABS issuance lead to a sizable decline in bond and equity premia. Furthermore, we show that in a model where banks select their portfolio of assets and create synthetic securities, the compensation for undertaking risk decreases as securitization increases. The pooling and tranching of credit assets relaxes both the funding and the risk constraints banks face allowing th...

  19. Securitization and asset prices

    OpenAIRE

    Aksoy, Yunus; Basso, Henrique

    2014-01-01

    During the 15 years prior to the global financial crisis the volume of securitized assets transacted in the US has grown substantially, reflecting a change in the nature of the financial intermediation process. Together with increased securitization, financial entities, who participate more heavily in the asset-backed security (ABS) market and hold a diversified portfolio of assets, have also become more relevant. As a result, the volume of securitization, although traditionally associated wi...

  20. Japanese views on ASSET

    International Nuclear Information System (INIS)

    In general, the ASSET has had a positive effect on enhancement of operating experience feedback. The ASSET has played an important role to supply information to the IAEA Extra Budgetary Program. However, this role has come to an end; since the needs for safety upgrading have become identified and prioritized. ASSET missions in future: Linkage among various safety missions should be sought in order to avoid duplication and to enhance effective usage of a limited budget and human resources

  1. 行政事业单位无形资产管理探析%Research on Management of Intangible Assets in Administrative Institutions

    Institute of Scientific and Technical Information of China (English)

    黄艳霞

    2013-01-01

      With the rapid development of knowledge economy and informatization, the importance of intangi-ble assets(IA) management is highlighted in the routine operation of administrative institutions and manage-ment of public service. However, due to the outdated management concepts, flaws in current legal system as well as the specialties of IA, its management turns out to be vulnerable in the general system. To cope with the existing problems and challenges, measures must be taken to establish a sound legal system and feasible mechanisms for the HR distribution, monitoring and evaluation.%  在新经济和信息化建设迅猛发展的环境下,无形资产在我国行政事业单位的日常行政运行及公共事业管理中的重要性与日俱增。然而传统管理观念的滞后、法律法规制度的不足,以及无形资产本身的一些特性,导致了目前行政事业单位对无形资产的管理处于较为薄弱的环节。针对这些管理中存在的难点和挑战,需要从法规制度建设、人才配备、监督考核机制完善等方面加以改良和提高,从而提升政府行政效能和公共事业管理与服务水平。

  2. 国内媒体资产管理服务的困境与营销策略创新%Dilemma of National Media Assets Management Service and Marketing Strategy Innovation

    Institute of Scientific and Technical Information of China (English)

    李丽; 刘畅; 刘近奇

    2015-01-01

    媒体资产管理在中国兴起并得到推广利用,本文从媒体资产管理服务营销的概念入手,总结国内媒体资产管理缺乏营销策略规划,专业人才培养力度不够和品牌策略失当这三方面的不足,并希望从分类细化目标客户,丰富产品结构,打造专业媒资服务团队这三个方面探寻媒体资产管理服务营销策略的创新方法。%Media assets management is prevailing and being applied in China . This paper starts f rom the concept of media assets management service marketing and comes the conclusion that the mar‐keting is lack of the plan of strategy ,the insufficient training for specialized personnel and the improper branding strategy ,and explores the innovation method for strategy of media assets management service marketing from three aspects which are classification and refinement of target customers , richness of product structure and set-up of professional media assets team .

  3. A process approach for managing credit asset portfolios in a South African bank / Pieter Gabriël Vosloo

    OpenAIRE

    Vosloo, Pieter Gabriël

    2003-01-01

    The operating environment in which banks conduct their business, especially the credit risk environment, underwent significant changes since the latter half of the previous decade. Developments have resulted in a bombardment of quantitative and qualitative credit risk information and data on the one hand, and on the other an absence of a clear focus and management approach and philosophy to effectively manage credit risk. The primary objective of the research was the formulatio...

  4. When private water rights become a public asset: Stakeholder perspectives on the fairness of environmental water management

    Science.gov (United States)

    Lukasiewicz, Anna; Dare, Melanie (Lain)

    2016-05-01

    This paper explores environmental water management as a social process of navigating conflicting interests through a distributive justice lens. Environmental water management can achieve substantial ecological outcomes and address ongoing river degradation caused by past management and climate change; however it also causes specific and substantial burdens and benefits to different groups of stakeholders. Given that in most developed countries the majority of land is under private tenure, environmental watering must have active cooperation of private landholders to achieve its ecological outcomes and thus it must effectively deal with an array of vested interests. Australia's reforms aimed at reallocating water from production to the environment have resulted in significant considerable volumes of environmental water. In the state of New South Wales, this water is managed by the state and national governments with the help of five Environmental Water Advisory Groups made up of a wide representation of interests. In this paper, we explore the perceptions of environmental, government, irrigator and grazing representatives, which demonstrate conflicting principles over how environmental water should be distributed. We detail how government water managers reconcile competing distributive principles of equity (ensuring that no one is disproportionally affected or benefits unduly), need (achieving environmental outcomes) and efficiency (prioritizing operational feasibility) in order to maintain the social acceptability of environmental water.

  5. The Importance of the Security Culture in SMEs as Regards the Correct Management of the Security of Their Assets

    Directory of Open Access Journals (Sweden)

    Antonio Santos-Olmo

    2016-07-01

    Full Text Available The information society is increasingly more dependent on Information Security Management Systems (ISMSs, and the availability of these kinds of systems is now vital for the development of Small and Medium-Sized Enterprises (SMEs. However, these companies require ISMSs that have been adapted to their special features, and which are optimized as regards the resources needed to deploy and maintain them. This article shows how important the security culture within ISMSs is for SMEs, and how the concept of security culture has been introduced into a security management methodology (MARISMA is a Methodology for “Information Security Management System in SMEs” developed by the Sicaman Nuevas Tecnologías Company, Research Group GSyA and Alarcos of the University of Castilla-La Mancha. for SMEs. This model is currently being directly applied to real cases, thus allowing a steady improvement to be made to its implementation.

  6. Material planning for remanufacturing defense assets

    OpenAIRE

    Ferrer, Geraldo

    2009-01-01

    This paper develops a planning system for depots remanufacturing components of defense assets, such as helicopters, armored cars, and so forth. These depots take in used assets, disassemble them, repair, upgrade and reassemble them to supply US troops and, occasionally, foreign military services of allied nations. Uncertainty in the supply of used components, the yield of good parts, and the demand for remanufactured products makes this a difficult process to manage. This article describes a ...

  7. The Development and Application Results of Hospital Fixed Asset Management Software Based on ASP.NET%基于ASP.NET医院固定资产管理软件的开发与应用成效

    Institute of Scientific and Technical Information of China (English)

    张娜; 杨建民

    2014-01-01

    目的:针对医院的固定资产业务活动,规范管理流程,自主设计开发权责分明、全程跟踪、信息共享、三帐一卡的固定资产管理系统。方法:以SQL Server数据库为中心,ASP.NET、C#为开发语言,应用基于B/S的浏览器平台,通过QRCode二维码技术监管固定资产整个生命周期。结果:保证了医院固定资产安全完整,极大地提高了工作效率,发挥了固定资产最大效益,也为经济分析和决策提供了依据。%Objective: For the fixed assets business activities of hospitals, the management process is standardized. The fixed assets management system with clear responsibilities, all-the-way tracking, information sharing and three accounts and one card is independently designed and developed. Methods: With SQL Server database as the center, and ASP.NET、C# as the development language, the browser platform based on B/S is applied. Through QRCode two-dimension code technology, the entire life cycle of fixed assets is supervised and managed. Results: Safety and integrity of fixed assets of our hospital is ensured, the working efficiency is greatly improved, the biggest benefit of fixed assets is given full play to, and the basis is provided for economic analysis and decision-making.

  8. 设备资产统一目录在设备全生命周期管理中的应用%Application of Facility Asset Unified Catalogues in Facility Life Cycle Management

    Institute of Scientific and Technical Information of China (English)

    李有铖; 黄邵远

    2016-01-01

    As asset intensive enterprises,power grid companies highly dependent on assets.Currently power grid companies manage assets according to the functions of departments.Due to the different focus and targets of different departments,and the lack of communications between different departments,it is hard to establish correspondences among the production facility ledgers,asset cards and actual equipment,making it hard achieve facility life cycle management dynamically and systematically. In this paper a new method is proposed to solve this problem.By building facility assert unified catalogues,the classifications of assets of different departments of China Southern Power Grid can be unified,which will lay a solid foundation for the facility life cycle management of power grid companies.%电力企业作为资产密集型企业,对资产的依赖程度较为突出.目前电力企业普遍采用基于职能的资产分段管理模式,各部门的关注重点与目标不同,欠缺协调沟通,导致设备的生产台账、资产卡片、现场实物无法对应,难以系统、动态地实现设备资产的全生命周期管理.为解决这一问题,提出了通过编制《设备资产统一目录》,以统一南方电网各管理部门对于设备资产的分类,为实现电网设备资产的全生命周期管理奠定坚实基础.

  9. Valuing the human asset - the impact of university placements on academic performance and graduate employment amongst management students

    Science.gov (United States)

    Brooks, R.

    2012-05-01

    The employment market for graduates is competitive with employers requiring appropriate work experience in addition to academic qualifications. Sandwich courses, where up to a year is spent in industry, provide an opportunity for structured work experience to be gained alongside studying. Benefits of placements include improved academic performance and the development of transferable skills to increase employability. This paper evaluates the impact of placements on academic performance and graduate employment among management students. Analysing performance data and graduate destinations data, results indicate that management students completing a placement are more likely to perform better academically with improvements in their personal grades between year 2 and the final year. Additionally, a qualitative themed analysis of student experiences indicates placement students feel more confident in engaging with the graduate recruitment process, with a better understanding of their personal skills and an ability to articulate their experience in relation to the workplace.

  10. 公立高校固定资产有效管理的策略研究%Research on strategy of effective management of fixed assets in public colleges and universities

    Institute of Scientific and Technical Information of China (English)

    王玉香

    2015-01-01

    针对对固定资产管理不够重视、固定资产清查的方式与方法不够科学、资产清查成果利用不明显、资产闲置严重、使用效率偏低、管理队伍素质薄弱等问题,提出了不断增强对固定资产管理工作的认识,各方对固定资产管理工作应高度重视,通过加强管理制度体系建设、科学确定清查年限、合理选择清查方式、夯实管理基础、加强队伍综合素质的全面提高等,促进有效开展固定资产管理的策略研究,提高固定资产的使用效益。%Aiming at that it is lack of a general ,systematic and comprehensive emphasis ,it is found that the enthusiam of the active participation of all parties is obviously inadequate and the fixed assets inventory way and the method are not scientific .Although sorting out repeatly ,there still exist some problems ,for example ,the asset inventory using is not obvious ,there still exist idle assets ,the use efficiency is low ,the management team has weak quality problems ,etc . This article puts forward the growing awareness of the fixed assets management work .It should pay great attantion to the fixed assets management in the parties to strengthen the construction of management system ,confirming the scientific inventory fixed number of years .It also should reasonably chosse the inventory way ,and strenghen the management foundation and improve the team overall quality ,and so on ,in order to promote the effective strategies for developing the assets management in colleges and universities .

  11. Asset protection through security awareness

    CERN Document Server

    Speed, Tyler Justin

    2011-01-01

    Introduction: What Is Information Security? Creating a Culture of Security Awareness Protecting Corporate Assets Protective MeasuresA Culture of Security AwarenessRemaining DynamicOverview of Security Awareness Categories Overview Industry StandardsPrivacy ConcernsPassword Management Credit Card Compliance (PCI) General File ManagementExamples of Security Regulations and LawsWho Is an IS Professional?Introduction Empowering Security Professionals Top-Down ApproachDiplomacyThe People Portion of Information SecurityThe IS SpecialistDiplomacy-The IS Professional's Best FriendEnd Users Are Great N

  12. 75 FR 16843 - Prohibited Transaction Exemptions Grant of Individual Exemptions Involving: 2010-09, Ivy Asset...

    Science.gov (United States)

    2010-04-02

    ...: 2010-09, Ivy Asset Management Corporation, D-11492; 2010-10, Deutsche Bank AG and Its Affiliates, D... the participants and beneficiaries of the plan. Ivy Asset Management Corporation Located in Jericho... Investment-Master Group Trust (the Group Trust), to Ivy Asset Management Corporation (Ivy), a party...

  13. Research on the Optimal Allocation of Assets Structure and Corporation Management Performance: A Case Study of China Textile Machinery Co., Ltd

    Directory of Open Access Journals (Sweden)

    ZhengSheng Xu

    2013-09-01

    Full Text Available This study argues that the research of assets structure has more practical value and universal significance than capital structure. They are the main source of creating corporate value and avoid risks. As a result, this study tries to evaluate the relationship between assets structure and business performance through the correlation of the demonstration about listed company. On this basis, the study separately and then curve fitting each variable, trying to fit in the established model based on the equation, find the optimal asset allocation values. This study will get the multivariate linear regression equation.

  14. The inclusion of a business management module within the master of pharmacy degree: a route to asset enrichment?

    Directory of Open Access Journals (Sweden)

    Fleming H

    2013-06-01

    Full Text Available Background: Over the past decade the profession of pharmacy has steadily evolved. The New Pharmacy Contract exposed pharmacists to a fundamental change in traditional pharmacy business models. Objective: This study will consider whether community pharmacists, pharmacy undergraduates and academic staff within the United Kingdom believe it would be beneficial to incorporate a business management module within the Master of Pharmacy (MPharm undergraduate degree along with potential mechanisms of delivery.Methods: Further to ethical approval, the questionnaire was distributed to UK registered pharmacists (n=600, MPharm undergraduates (n=441 and academic staff at Liverpool John Moores University (n=44. The questions were formatted as multiple choice questions, Likert scales or the open answer type. On questionnaire completion and return, data were analysed using simple frequencies, cross tabulations and non-parametric techniques in the SPSS (v18.Results: The majority of pharmacists (84.9% confirmed that business skills affect their everyday responsibilities to a considerable extent. A high proportion of undergraduate students (92.8% believed that business management skills will impact on their future role. In total, 64.3% of this cohort declared that if a module were introduced they would study it. The majority of staff (79% agreed that business skills are gaining increased importance within the field of pharmacy. Conclusions: Data suggest that business skills are of relevance to the practice of pharmacy. Appropriate staff to deliver the taught material would include business owners / lecturers and teaching practitioners covering topics including management, leadership, interpersonal skills and regulation. We suggest the inclusion of a business module with the MPharm degree would be of great value in preparing individuals for practice within a modern day healthcare setting.

  15. RFID-BASED REAL-TIME MANAGEMENT SYSTEM FOR FIXED ASSETS IN UNIVERSITIES%基于 RFID的高校实时固定资产管理系统

    Institute of Scientific and Technical Information of China (English)

    顾亦然; 戴晓罡

    2013-01-01

    采用电子标签和射频识读器来管理高校固定资产,改变传统的管理方式。将电子标签嵌入到固定资产内,管理员可以使用手持识读器对标签进行修改。遍布校园的分布识读器可以对全校的固定资产进行自动管理。将数据绑定在校园地图上,用户可以在电子地图上查询数据。提出一个任务调度算法,对嵌入式系统的CPU时间进行合理分配。通过应用该系统,高校固定资产管理的效率和准确性得到了极大的提高,同时降低了资产管理的成本。%The electronic tags and radio frequency reader are applied to manage the fixed assets in universities , this changes the traditional management means .By embedding the electronic tags into the fixed assets , the administrators can modify their information with handheld RFID reader.The distributed readers all around the campus can manage the fixed assets of the whole university automatically .By binding the data to the campus map , the users can query the data on e-map.In order to allocate the CPU time of embedded system reasonably , a task scheduling algorithm is proposed at the same time .Through the application of this system , the efficiency and accuracy of fixed assets management in universities will be greatly improved , and the management cost will be decreased as well .

  16. Asset sharing platform construction in project management organizational process of China Communications Service Company%中国通服项目管理组织过程资产共享平台建设研究

    Institute of Scientific and Technical Information of China (English)

    李立高

    2015-01-01

    项目管理组织过程资产是一种重要的信息资源,如何基于网络环境进行发布、利用和管理,同时兼顾数据的统一标准和有效传输,使得组织过程资产真正地为广大中国通服在岗项目管理人员所使用,借以提高企业的核心竞争力,即建立项目管理组织过程资产的共享技术平台是文章研究的主要内容。%Project management organizational process asset is a kind of important information resources. This paper mainly studies the ways to carry on the distribution, utilization and management based on network environment, and at the same time, the unified standard and effective transmission of the data should also be paid attention to. In this way, the organizational process assets can be used by the majority of the project management personnel so as to improve the core competitiveness of the enterprise. That means to establish the sharing technology platform of the project management organizational process asset.

  17. Asset management on books and reference materials in academic library supported by three-level information support system%三级文献保障体系下的高校图书资产管理探索

    Institute of Scientific and Technical Information of China (English)

    庄玫; 邵敏; 陈辉; 赵庆双

    2014-01-01

    在由校图书馆、专业图书馆和院系资料室构成的三级文献保障体系下,清华大学图书馆针对图书资产管理工作采用“分层控制、统一规范、动态管理”的管理模式,促进了资产管理的科学化与标准化,保障图书资产的连续性、完整性、完好性和共享性。该校图书馆还试用超高频RFID管理系统,提高了图书的动态管理水平,提高了图书馆工作人员的工作效率。%Supported-by-the-Three-level-Document-System-which-contains-Academic-library-,Branch-library-and-Reference-material-house-,one-special-asset-management-scheme-has-been-introduced-to-Tsinghua-University-Library-regarding-the-asset-management-of-books-and-reference-materials-.-The-scheme-consists-of-three-sections-which-are-the-level-dominated-control-,the-synchronized-standard-and-the-dynamic-management-.The-introduced-scheme-has-rationalized-the-asset-management-process-and-helped-to-secure-the-consistency-,-integrity-,quality-and-sharing-of-the-books-and-reference-materials-.

  18. Optimization strategy of state-owned assets management in colleges and universities from perspective of organizational culture%组织文化视野中的高校国有资产管理策略研究

    Institute of Scientific and Technical Information of China (English)

    颜萌

    2014-01-01

    By means of the organizational culture theory ,colleges and universities should clarify the thinking of state-owned assets management ,update the asset management idea ,strengthen the connotation construction , improve the institutional system , continuous innovate management mode , further enhance the level of management of state-owned assets and the competitiveness of colleges and universities , to realize the sustainable development .%借助组织文化的理论,从精神文化、制度文化、行为文化和物质文化4方面着手,提出更新资产管理理念、强化内涵建设、完善制度体系、持续创新管理模式的思路和举措,进一步提升高校国有资产管理水平,增强高校的竞争力和可持续发展能力。

  19. 基于合同管理的银行资产信息管理平台的研究%Research on Bank Assets Information Management Platform Based on Contract Management

    Institute of Scientific and Technical Information of China (English)

    张凯; 周琪云; 张光河

    2012-01-01

    With the development of computer and communication technology, more and more hardware devices and equipments of computer and communication as well as related applications softwares are widely used in bank, the processing speed and efficiency of the bank have been greatly improved and the great conveniences are acquired to both of bank and customer. However, one of the most important problems is how to effectively manage these hardware and software products (I. E. Assets). This paper proposes a solution to build the bank asset information management platform based on Client/Server ( C/S) model and contract management, the platform collects the raw data at first, and then classifies and analyzes them. The solution has been utilized to implement the platform for Jiangxi Province Rural Credit Cooperatives for managing assets.%随着计算机及通信技术的发展,越来越多的计算机、通信硬件设备及相关的应用软件在银行里被广泛使用,这些设施不但提高了银行处理业务的速度和效率,也给银行和客户带来了极大的便利.然而,如何有效地管理这些软硬件资产(本文中将这些软硬件统称为资产)成为一个十分重要的问题.本文基于客户机/服务器模式来构造以合同管理为基础的应用管理平台来管理银行资产.该资产信息管理平台首先采集原始资产数据,然后对这些数据进行分类和分析,并进行统计和汇总,最终实现银行资产的有效管理.这一平台的设计思想已经被用于江西省农信社(以下简称“省农信社”)资产信息管理系统的实现之中.

  20. Problems need to be solved in hospital fixed asset accounting and management%医院固定资产核算与管理中需要改进与完善的问题

    Institute of Scientific and Technical Information of China (English)

    徐恩妹

    2011-01-01

    To match on the new environment, further standard hospital accounting system and improve accounting information system, the counting subject system of fixed asset accounting should be improved. Ideas should be borrowed from various of depreciation methods to perfect depreciation management methods and asset follow up management should be strengthened.%为了适应新环境的新需要,进一步规范医院的会计核算,提高会计信息质量,本文提出医院固定资产的核算应该完善会计科目体系,并且采用不同折旧方法完善折旧费用,加强资产后续管理的观点.

  1. Discussion about the influence of fixed assets management skills on the enterprise tax%浅谈固定资产管理技巧对企业节税的影响

    Institute of Scientific and Technical Information of China (English)

    毛冬姣

    2015-01-01

    固定资产管理是企业日常生产经营活动的重要组成部分,事关企业经营业绩。可以围绕固定资产取得方式选择、固定资产折旧方法选择、固定资产后续支出选择,以企业会计准则及企业所得税税法及其实施条例为基础,探讨在各种方式下对企业税收的影响,以达到节税的目的。%Fixed assets management is an important part of the daily production and business activities of enterprises,related to business performance. Can focus on fixed assets acquisition mode selection,selection method of depreciation of fixed assets,fixed assets subsequent expenditure choices,to accounting standards for business enterprises and the enterprise income tax law and its implementing regulations based on the influence to the enterprise tax in a variety of ways,to achieve tax savings.

  2. 电网资产全寿命周期管理外部环境主体识别%Identification of External Environment Interest Groups of Power Grid Assets Life Cycle Management

    Institute of Scientific and Technical Information of China (English)

    闫庆友; 王小雅

    2012-01-01

    针对资产全寿命周期管理在一定程度上受到多种外部环境因素影响的问题,根据电网资产全寿命周期管理的特点,将其流程划分为规划设计、采购建设、运行检修和退役报废4个阶段,分析了4个阶段的资产管理具体工作内容及其相应的外部环境,并识别出每一阶段的外部环境主体,为进一步研究电网资产全寿命周期管理外部环境协调机制奠定了基础.%The life cycle asset management is affected by various external environment factors to some extent. According to the characteristics of life cycle asset management of power grid, this paper divides the life cycle asset management of power grid into four stages, which includes planning and designing stage, procurement and construction stage, operation and maintenance stage and retired and disposal stage. And then the specific work content and its corresponding external environment in four stages are analyzed to identify the major interest groups in each stage. Therefore, it will lay the foundations to further study the external environment coordination mechanism of power grid asset life cycle management.

  3. The Overall Approach of Further Reforming the State-owned Assets Management System%国有资产管理体制进一步改革的总体思路

    Institute of Scientific and Technical Information of China (English)

    荣兆梓

    2012-01-01

    本文从国有经济改革面临的两对基本矛盾入手,讨论国有资产管理体制进一步改革,提出竞争性领域国有资本与垄断性领域国有资本从管理体制上分开,建立社会信托投资基金、国家控股公司和承担基础性公益服务的公法人组织三种出资人体制的总体思路。认为竞争性领域的国有资本管理应当完全"去政府化",而在垄断领域,政企分开的目标不可能完全实现,关键是在国有资本的公益性与营利性之间寻求平衡。%This paper discusses the next reform of the state-owned assets management system,beginning with two basic contradictions of the state-owned sector of the economy.It is argued that the state-owned assets management in competitive industries should be differentiated from that in monopolistic industries,and a new management system,comprised of social investment trusts,state-controlled holding companies and public corporations supplying basic public services,should be established.The state-owned assets management in competitive industries needs to be entirely separated from the government,but in monopolistic industries the target of separating firms from the government cannot be achieved,and the key is to trade off the public benefic character of state-owned assets and the profit-making activities of that.

  4. Asset price, asset securitization and financial stability

    OpenAIRE

    Liu, Luke

    2011-01-01

    Prior to the Global Financial Crisis in 2008, securitization has been widely perceived as a way to disperse credit risks, and to enhance financial system’s capacity in dealing with defaults. This paper develops a model of securitization and financial stability in the form of amplification effects. This model has illustrated three different scenarios: A negative shock in the economy will lead to downturn of the economy and falling of the asset prices, deteriorating balance sheets and tightenin...

  5. 全流程动态化医院固定资产管理系统的开发应用%Development and application of the whole process of dynamic hospital fixed asset management system

    Institute of Scientific and Technical Information of China (English)

    曹燕

    2015-01-01

    Objective:To achieve the fixed assets, in particular medical devices more efficient, comprehensive, in-depth digital lifecycle management. Methods: By analyzing the various stages of the development of fixed asset management process, and make the whole process of the overall process design dynamic fixed assets management system based on the existing problems and the actual job requirements and future directions. Results:The establishment of a management system based on the third edition of the whole process of dynamic fixed asset management concepts. Conclusion: The whole process of dynamic fixed assets management system to achieve full life-cycle coverage, all departments involved in, real progress can be found working the steps and other functions, improve work efficiency and quality of care, improve the overall management of the hospital.%目的:研究探讨实现固定资产尤其是医疗设备高效、全面及深入的全生命周期数字化管理。方法:通过分析固定资产管理各阶段发展历程,并根据现有系统中存在的问题,以及实际工作需求和发展方向进行全流程动态化固定资产管理的总体流程设计。结果:建立了基于全流程动态化固定资产管理理念的第三版管理系统。结论:全流程动态化固定资产管理系统的建立,可实现全生命周期覆盖、全职能部门参与及实时查询工作步骤、进度等功能,对提高医院工作效率、医疗质量以及提升医院整体管理水平具有重要意义。

  6. Asset Inventory Database

    Data.gov (United States)

    US Agency for International Development — AIDM is used to track USAID assets such as furniture, computers, and equipment. Using portable bar code readers, receiving and inventory personnel can capture...

  7. 变电站数字化进程中的资产全寿命周期管理思考%Asset Whole Life Cycle Management in Digital Substation Process

    Institute of Scientific and Technical Information of China (English)

    闫耀永

    2014-01-01

    Assets is the material basis for the survival and development of enterprise, is the production data that bring expected revenue to enterprise. Only through scientific management and use of assets, the development goals of enterprise will be achieved, market competitiveness will be enhanced. With the rapid development of power grid construction, specially in the process of digitizing, traditional asset management method no longer meet the development needs of the grid. The use of whole life cycle management in digital process was thought.%资产是一个企业生存和发展的物质基础,是带给企业预期收益的生产资料。只有进行科学的管理和利用资产,才能达到企业的发展目标,增强市场竞争力。随着电网建设的飞速发展,尤其是在数字化的进程中传统的资产管理方式已经不适应电网的发展需求,以下通过在数字化进程中利用资产全寿命周期的管理进行了思考。

  8. Process and Strategy of Full Life Circle Management of Power Metering Assets Based on MDS%基于MDS系统的电能计量资产全寿命周期管理流程及策略

    Institute of Scientific and Technical Information of China (English)

    吴华; 孙恺霞; 娄云; 田娟

    2015-01-01

    In this paper, on the basis of the manufacturing dispatching system of the province-level metering centers, we established the process for the full life circle management of the power metering assets, analyzed the correspondence between the links in the life circle of the metering assets and the functional modules of the MDS system, proposed the strategy for the full life circle management of the power metering assets based on the MDS system, and at the end, through a specific case, demonstrated the effectiveness and practicality of the management process and strategy.%基于省级计量中心生产调度平台(MDS系统),构建了电能计量资产全寿命周期的管理流程,分析了计量资产全寿命周期环节与MDS系统各业务模块的对应关系,提出了基于MDS系统的电能计量资产全寿命周期流程管理策略。最后以国网重庆市电力公司电力科学研究院计量中心为例,验证了基于MDS系统的电能计量资产全寿命周期流程管理的有效性和实用性。

  9. Application of RFID Technology in Assets Management in Colleges and Universities%RFID在高校固定资产管理系统中的应用研究

    Institute of Scientific and Technical Information of China (English)

    王幼玉; 林超; 吴科军

    2014-01-01

    Aiming at easing the difficulty of fixed assets management and increasing the efficiency in colleges and universities, an approach based on RFID was proposed in this paper. Results show that this approach simplifies the management process and en⁃hance the management transparency. Also it is a good solution to the difficulty of asset inventory and flow assets monitoring prob⁃lem.%针对高校固定资产管理效率低、差错率高等缺点,将RFID技术引入固定资产管理中,提出了基于RFID技术的固定资产信息化管理的解决方案,简化设备管理流程、增强管理透明度、实现资产从购置到报废全周期的监管,很好的解决了资产清查困难和实时监控跟踪资产的流动问题。

  10. Fixed assets and warehouse management system based on Internet of Things technology%基于物联网技术的固定资产及仓储管理系统

    Institute of Scientific and Technical Information of China (English)

    李颖

    2013-01-01

    The paper presents a fixed assets and warehouse management system based on Internet of Things technology, which is used to check real-time situation of the fixed assets and warehousing equipments. The system uses radio frequency identification technology to solve the problems of inconsistent accounts and waste of idle assets caused by information distortion and lag in asset inventory. Based on the actual situation, the accelerated depreciation method is used to complete fixed asset depreciation calculation, ensuring the accuracy of the calculation results. The combination of C/S and B/S design approachs are adopted in the software design, and the system is characterized by convenient novelty search and easy system maintenance.%  提出了一种基于物联网技术的固定资产及仓储管理系统的设计方法。本系统运用射频识别技术来解决资产盘点中由于信息失真和滞后引起的实物与账目不符、资产闲置浪费等问题;可依据实际情况,采用快速折旧算法来完成固定资产的折旧计算工作,确保计算结果的准确性。系统在软件设计方面,采用了C/S、B/S相互结合的设计方式,十分方便系统的查新和维护。

  11. Asset Stock Accumulation and Sustainability of Competitive Advantage

    OpenAIRE

    Ingemar Dierickx; Karel Cool

    1989-01-01

    Given incomplete factor markets, appropriate time paths of flow variables must be chosen to build required stocks of assets. That is, critical resources are accumulated rather than acquired in "strategic factor markets" (Barney [Barney, J. 1986. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (October) 1231--1241.]). Sustainability of a firm's asset position hinges on how easily assets can be substituted or imitated. Imitability is linked to the characteri...

  12. Asset Pricing - A Brief Review

    OpenAIRE

    Li, Minqiang

    2010-01-01

    I first introduce the early-stage and modern classical asset pricing and portfolio theories. These include: the capital asset pricing model (CAPM), the arbitrage pricing theory (APT), the consumption capital asset pricing model (CCAPM), the intertemporal capital asset pricing model (ICAPM), and some other important modern concepts and techniques. Finally, I discuss the most recent development during the last decade and the outlook in the field of asset pricing.

  13. Rational Asset Pricing Bubbles Revisited

    OpenAIRE

    Jan Werner

    2012-01-01

    Price bubble arises when the price of an asset exceeds the asset's fundamental value, that is, the present value of future dividend payments. The important result of Santos and Woodford (1997) says that price bubbles cannot exist in equilibrium in the standard dynamic asset pricing model with rational agents as long as assets are in strictly positive supply and the present value of total future resources is finite. This paper explores the possibility of asset price bubbles when either one of ...

  14. Basel III and Asset Securitization

    OpenAIRE

    M. Mpundu; Petersen, M. A.; Mukuddem-Petersen, J.; Gideon, F.

    2013-01-01

    Asset securitization via special purpose entities involves the process of transforming assets into securities that are issued to investors. These investors hold the rights to payments supported by the cash flows from an asset pool held by the said entity. In this paper, we discuss the mechanism by which low- and high-quality entities securitize low- and high-quality assets, respectively, into collateralized debt obligations. During the 2007–2009 financial crisis, asset securitization was seri...

  15. Optimal Asset Allocation for Sovereign Wealth Funds: Theory and Practice

    OpenAIRE

    Zvi Bodie; Marie Brière

    2014-01-01

    This paper addresses management of sovereign wealth from the perspective of the theory of contingent claims.Starting with the sovereign’s balance sheet, we frame sovereign fund management as an asset-liability management (ALM) problem, covering all public entities and taking explicit account of all sources of risks affecting government resources and expenditures. Real-life SWFs asset allocations differ strongly from theoretical ones. Financial management of the sovereign balance sheet is hamp...

  16. Conformance and Non Conformance of Asset Managers to Environment, Social and Governance Pressures - Sensemaking capacities and the use of externally defined information- / Conformance et Non Conformance des Gestionnaires d'Actifs aux Pressions Environmental, Social et Gouvernance - Capabilités de sensemaking et l'usage d'information externellement définie-

    OpenAIRE

    Sakuma, Kyoko

    2012-01-01

    This thesis focuses on a central behavioral paradox in the asset management community. Recent decades have brought an upsurge in initiatives throughout the investment community to voluntarily integrate sustainability issues into investment decisions. The financial crisis has however revealed behavioral inconsistency and deepening irresponsibility. Today, sustainable investments represent USD 10.7 trillion, or 7% of the entire market, of assets under management and it is growing steadily. O...

  17. 论商业银行资产负债比例管理控制论系统%ON THE CYBERNETIC SYSTEM OF THE COMMERCIAL BANK ASSET LIABILITY-RATIOS MANAGEMENT

    Institute of Scientific and Technical Information of China (English)

    彭建刚; Rudi Vander Vennet

    2000-01-01

    This paper presents the view on the innovation of commercial bank manangement. Authors combine financial theory with cybernetics and system theory to prove and elucidate a new bank management method: the cybernetic system of commercial bank asset-liability-ratios management.%本文提出了商业银行管理创新的观点,作者将金融理论、控制论、系统论有机地结合起来,提出并论证了一种新的银行管理方法:商业银行资产负债比例管理控制论系统.

  18. Investor Flows to Asset Managers

    DEFF Research Database (Denmark)

    Christoffersen, Susan E. K.; Musto, David K.; Wermers, Russ

    2014-01-01

    of the financial system and the real economy, and the retirement security and protection of the investors. There is an accordingly large and growing literature on flows that has concentrated on the main retail investment pool, the open-end mutual fund, and has used flows to explore many aspects of retail financial...

  19. Does Reversal of Asset Impairment Loss Matter? Evidence from China

    Directory of Open Access Journals (Sweden)

    Ming-Lei Chang

    2015-04-01

    Full Text Available The purpose of this research is to investigate whether the reforms of asset impairment regulations affect the provision and functional role of impairment losses and reversals of listed firms in China. The results reveal that listed firms decrease the provision of long-term asset impairments, but increase the provision of current asset impairments and reversals following the implementation of new asset impairment regulations. This research also verifies that listed firms adjust impairment provisions and reversals policy for income smoothing and big-bath purposes. Under different earnings management incentives, this study also finds that special treatment (ST and non-ST firms show different level of accounting policy adjustment.

  20. Inflation and Asset Prices

    OpenAIRE

    Tatom, John

    2011-01-01

    Changes in the general level of prices and inflation have profound effects on asset prices. There are several reasons for these effects and the influence differs depending on the source of the inflation and whether it is expected or not. To understand these effects it is important to clarify what is meant by inflation, the pure theory of the sources of inflation, how inflation affects goods and services prices and how it affects the assets that are used to finance production, both equity pr...

  1. Asset Poverty in India

    OpenAIRE

    Swati Dutta

    2013-01-01

    In order to formulate policy to target the correctly identified rural poor in India, focus on an income poverty measure alone is insufficient. The purpose of this research is to study a new area of poverty measurement based on data that detail a household’s access to basic assets. The study has used the secondary data source provided by the Demographic and Health Survey (DHS) for the time period of 1992, 1998 and 2005. In order to construct the asset index the technique of multiple correspo...

  2. 48 CFR 9904.404 - Capitalization of tangible assets.

    Science.gov (United States)

    2010-10-01

    ... assets. 9904.404 Section 9904.404 Federal Acquisition Regulations System COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET PROCUREMENT PRACTICES AND COST ACCOUNTING STANDARDS COST ACCOUNTING STANDARDS 9904.404 Capitalization of tangible assets....

  3. COLLATERALIZED DEBT OBLIGATION IN THE MECHANISM OF SECURITIZATION OF ASSETS

    OpenAIRE

    Solodkaya, Olga

    2015-01-01

    The article examines the nature and features of the structure CDO. The characteristics of classic and synthetic securitization of assets. The expediency of implementation of collateralized debt obligation in the mechanism of securitization assets. The conditions of efficient CDO’s portfolio management in the сash flow transaction and market value transaction.

  4. 我国金融资产管理公司现状及发展方向%The Status Quo and Development Direction of China's Financial Asset Management Companies

    Institute of Scientific and Technical Information of China (English)

    刘天

    2013-01-01

    At the end of last century,China successively established four financial asset management companies (FAMC), Xinda, Huarong, Dongfang, and Changcheng, for disposing of non-performing assets of SOCBs (State-Owned Commercial Banks) and promoting the reform of SOBs (State-Owned Banks) and state-owned enterprises. Over ten years of operation, the asset quality of SOCBs has been significantly improved, creating the condition for restructuring, going public, and for enhancing the profitability. In the new era, with the end of their policy mission, the four asset management companies start a commercial transformation process. They focus on asset management and take investment banking, financial leasing, guarantees, trusts and futures as a supplement, gradually stepping forward with the goal to turn into financial holding companies.%上世纪末,国家为了处置国有商业银行不良资产、促进国有银行和国有企业改革,先后成立了信达、华融、东方、长城四家金融资产管理公司。经过10多年的运营,银行资产质量显著改善,为改制上市和提升盈利能力创造了条件。新的时期,随着金融资产管理公司政策性使命的结束,四家资产管理公司已开始了商业化转型。其发展方向主要是以资产管理业务为主,开展以投资银行、金融租赁、担保、信托、期货等业务为依托的综合性金融业务,逐步向金融控股公司的目标迈进。

  5. Asset and Liability Management Optimal Model based on VaR Preparation Duration Gap%基于VaR控制预留缺口的资产负债管理优化模型

    Institute of Scientific and Technical Information of China (English)

    迟国泰; 闫达文

    2011-01-01

    Asset liability management is an effective method to maximize asset portfolio profits by coordinating internal relationships between capital source and capital use at an acceptable risk level. A bank' s net worth or shareholder equity changes constantly because the values of asset and liability change with interest rates. Risk control of interest rates is important because interest rate risks are an kernel aspect in asset liability management.Assets liabilities management optimal model is set up through VaR risk control constrained with interest rate changes, and profit maximization of asset portfolio. Preparation duration gap offers an opportunity to increase a bank' s net worth at floating interest rates moving in favorable directions. Preparation duration gap can help control changes to a bank' s net worth through VaR constraints of risk limitation when market interest rates change in unfavorable directions. We make sure that a bank' s capital losses do not exceed net interest profits at certain confidence levels. A bank' s interest rate risk is controlled at an acceptable tolerance level.In Section I, we introduce the advantages and disadvantages of interest rate risk management based on the current literature. A bank' s assets portfolio can increase the bank net worth through preparation duration gap when the market interest rate changes in favorable directions. A bank' s assets portfolio meets the requirement risk limitation. Through the preparation duration gap, asset portfolio can increase a bank' s net worth at floating interest rates when market interest rates change in favorable directions. Through the preparation duration gap, a control bank' s assets portfolio can meet risk limitation requirements at certain confidence levels when market interest rates change in unfavorable direction. In Section 2, we propose a model to optimize asset and liability management based on the preparation duration gap. The model uses an objective function of interest income

  6. Making Web Sites an Effective Recruitment Asset: Content Management Solutions Keep Web Sites Fresh and Relevant--and Students Engaged. Noel-Levitz White Paper

    Science.gov (United States)

    Noel-Levitz, Inc, 2009

    2009-01-01

    Have you updated your Web site today? Is it possible that answering "yes" to this simple question is the key to the success of your marketing and recruiting efforts? In the current recruitment arena, the ability to update and maintain this one high-value asset (your Web site) might be the key to the potency of your institutional marketing effort.…

  7. Livelihood asset maps: a multidimensional approach to measuring risk-management capacity and adaptation policy targeting—a case study in Bhutan

    DEFF Research Database (Denmark)

    Jakobsen, Kristian Thor

    2013-01-01

    to the fact that some areas facing increased level of climate-related risks lack access to productive and human capital, while other areas facing a similar situation have relatively insufficient access to financial assets. This again shows that any non-targeted policy aiming at improving households’ risk...

  8. 高校无形资产的来源、特征及管理研究%Study on Sources, Characteristics and Management of University-owned Intangible Assets

    Institute of Scientific and Technical Information of China (English)

    王希文; 王晶昕; 程雯蔚

    2014-01-01

    University-owned intangible assets, with unique source and characteristics, can be interpreted in both broad and narrow senses. They include ownership management and value maintenance. Currently, university-owned intangible assets have problems in management. In ownership management, notification should be widely released, regulatory system rationalized, man-agement system improved, intangible assets service and disposal standardized, property ownership enhanced and incentive mechanism formed. In value maintenance, accounting system should be revised, accounting rules perfected, financial accounting and report release methods standardized, bookkeeping procedures and assessment system improved.%高校无形资产的含义有广义与狭义之分,其管理包括权属管理和价值管理两个方面。高校无形资产有其独有的来源和特征。目前无形资产管理是高校资产管理的一个薄弱环节,存在着诸多问题。在权属管理方面,应加大宣传力度,理顺管理体制,建立健全管理机制,规范无形资产使用、处置管理,加强产权管理,建立激励机制。在价值管理方面,应修订会计制度,补充完善核算规定,规范核算方法和报表披露办法,完善会计核算和评估体系。

  9. Downside Risk And Empirical Asset Pricing

    NARCIS (Netherlands)

    P. van Vliet (Pim)

    2004-01-01

    textabstractCurrently, the Nobel prize winning Capital Asset Pricing Model (CAPM) celebrates its 40th birthday. Although widely applied in financial management, this model does not fully capture the empirical riskreturn relation of stocks; witness the beta, size, value and momentum effects. These pr

  10. Measuring the strategic readiness of intangible assets.

    Science.gov (United States)

    Kaplan, Robert S; Norton, David P

    2004-02-01

    Measuring the value of intangible assets such as company culture, knowledge management systems, and employees' skills is the holy grail of accounting. Executives know that these intangibles, being hard to imitate, are powerful sources of sustainable competitive advantage. If managers could measure them, they could manage the company's competitive position more easily and accurately. In one sense, the challenge is impossible. Intangible assets are unlike financial and physical resources in that their value depends on how well they serve the organizations that own them. But while this prevents an independent valuation of intangible assets, it also points to an altogether different approach for assessing their worth. In this article, the creators of the Balanced Scorecard draw on its tools and framework--in particular, a tool called the strategy map--to present a step-by-step way to determine "strategic readiness," which refers to the alignment of an organization's human, information, and organization capital with its strategy. In the method the authors describe, the firm identifies the processes most critical to creating and delivering its value proposition and determines the human, information, and organization capital the processes require. Some managers shy away from measuring intangible assets because they seem so subjective. But by using the systematic approaches set out in this article, companies can now measure what they want, rather than wanting only what they can currently measure. PMID:14971269

  11. Measuring the strategic readiness of intangible assets.

    Science.gov (United States)

    Kaplan, Robert S; Norton, David P

    2004-02-01

    Measuring the value of intangible assets such as company culture, knowledge management systems, and employees' skills is the holy grail of accounting. Executives know that these intangibles, being hard to imitate, are powerful sources of sustainable competitive advantage. If managers could measure them, they could manage the company's competitive position more easily and accurately. In one sense, the challenge is impossible. Intangible assets are unlike financial and physical resources in that their value depends on how well they serve the organizations that own them. But while this prevents an independent valuation of intangible assets, it also points to an altogether different approach for assessing their worth. In this article, the creators of the Balanced Scorecard draw on its tools and framework--in particular, a tool called the strategy map--to present a step-by-step way to determine "strategic readiness," which refers to the alignment of an organization's human, information, and organization capital with its strategy. In the method the authors describe, the firm identifies the processes most critical to creating and delivering its value proposition and determines the human, information, and organization capital the processes require. Some managers shy away from measuring intangible assets because they seem so subjective. But by using the systematic approaches set out in this article, companies can now measure what they want, rather than wanting only what they can currently measure.

  12. Failure Monitoring and Asset Condition Assessment in Water Supply Systems

    OpenAIRE

    Misiunas, Dalius

    2005-01-01

    In this thesis, different aspects of failure management in urban water supply systems are discussed. As assets are getting older, the number of pipe failures is increasing and an efficient failure management strategy becomes important. Two types of failure management strategies can be applied: proactive asset condition assessment and reactive failure detection and location. Currently available condition assessment techniques cannot be extensively applied in water supply systems due to high co...

  13. Evaluating the Knowledge Assets of Innovative Companies

    Directory of Open Access Journals (Sweden)

    Maen Al-Hawari

    2002-11-01

    Full Text Available Knowledge has long been recognised as a valuable resource for organisational growth and sustained competitive advantage, especially for organisations competing in an uncertain environment (Miller & Shamsie 1987. In the current post-industrial society, knowledge is recognised as a primary source of a company’s wealth. However knowledge assets are much more difficult to identify and measure than are the physical assets with which we are much more familiar. (Boisot 1998 As a company’s innovative capacity may be dependent upon its ability to take advantage of its knowledge assets, it is important to be able to identify and measure those assets. While large companies can afford extensive knowledge management projects, there is a acute need for a method by which managers in smaller organisations can easily and reliably locate, quantify and compare their knowledge assets in order to maximise their potential for innovation. The paper will begin with an overview of current thinking on the topic of Knowledge Management (KM. It will then introduce the three functions of the knowledge life cycle (Bhatt 2000, Tan 2000, the four modes of conversion between tacit and explicit knowledge (Nonaka 1995 and the five knowledge enablers (Von Krogh 2000. The research, reported here, aims to identify, from the literature, a set of knowledge elements that will give a balanced view of knowledge assets across the four modes and five enablers. An integrated model, which is the result of research to date by the authors, will then be defined. This model combines the functions of the knowledge life cycle and Nonaka’s knowledge creation spiral with the notion of I-Space, which has been used to classify information across three dimensions, to form a new model of K-Space, which can be used to classify the knowledge elements. The paper will present this model and discuss the appropriateness of a set of knowledge elements as a means of measuring the knowledge asset of an

  14. Benefit-oriented Exploration of Fixed Assets Management Ways in Colleges and Universities%以效益为导向的高校固定资产管理方法初探

    Institute of Scientific and Technical Information of China (English)

    曾庆蓬

    2012-01-01

    It is the objective requirement with the development of social economic that the ways of management in colleges and universities must be developed towards the economic benefits. Meanwhile, we must pay attention to the social benefits in the management because of the quasi-public goods quality of colleges and universities. The management of fixed assets is the important part in colleges and universities. And the ultimate purpose of the fixed assets putting into use is to provide strong support for the teaching quality and scientific research, to obtain the benefits of running a school, include the economic benefits and social benefits. This paper is to analyse the current situation of low benefits, and tries to explore the effective ways in fixed assets management in colleges and universities according to the benefits, so that the management of fixed assets becomes scientific and benefic finally.%社会经济发展客观要求高校的管理方式要向着不断提高经济效益的方向发展,同时,由于高校的准公共产品性质,高校管理工作还应注重社会效益.高校的固定资产管理属于高校管理工作的重要组成部分,高校固定资产投入使用的最终目的是要保障教学质量和提高科研水平,是要切实取得良好的办学效益,包括“经济效益”和“社会效益”.以效益为导向,分析当前高校固定资产管理存在的低效益现状,并尝试探索固定资产管理的有效方法,最终实现固定资产管理的科学化、效益化.

  15. The Discussion of the Development and Supervision Measures of Securities Company's Collective Asset Management Business%券商集合资产管理业务发展及监管对策探析

    Institute of Scientific and Technical Information of China (English)

    朱晓俊; 张晓惠; 李文华; 何奇骑; 李云亮

    2012-01-01

    The asset management business of securities companies was not standard before their comprehensive treatments.Comprehensive treatments established the regulatory system foundation of the development of Securities Company's Collective Asset Management business,and consequently,this business turned over a new leaf with a great development.This paper emphasizes on the problems existing in the development of asset management business of securities companies,such as small scale,low operating efficiency,restrictive products sale,deviative products issue compared to investment mainstream and market operation,insufficient risk management and product innovation.In order to promote the continuous and healthy development of collective asset management business,some supervision measures are proposed,such as establishing philosophy of "counter-cyclical regulation",relaxing regulation,reinforcing supervision,expanding marketing,encouraging business innovation.%证券公司综合治理前资产管理业务极不规范。综合治理为券商集合资产管理业务规范发展奠定了制度基础,集合资产管理业务重获新生,得到了很大发展。本文着重分析了券商集合资产管理业务发展中存在的规模弱小、运行效率不高、产品销售存在制约、产品发行与投资主流和市场运行存在偏差、风险管理与产品创新不够等问题,提出了树立"逆周期监管"理念,放松管制,加强监管,拓展营销,鼓励券商进行业务创新等推动集合资产管理业务持续健康发展的监管对策。

  16. Distributed charging of electrical assets

    Energy Technology Data Exchange (ETDEWEB)

    Ghosh, Soumyadip; Phan, Dung; Sharma, Mayank; Wu, Chai Wah; Xiong, Jinjun

    2016-02-16

    The present disclosure relates generally to the field of distributed charging of electrical assets. In various examples, distributed charging of electrical assets may be implemented in the form of systems, methods and/or algorithms.

  17. Management of Computerized Accounting-A simple Method for Operating and Maintaining the Information Technology Assets%信息化资产运营维护的一种简易方法——台账管理

    Institute of Scientific and Technical Information of China (English)

    时代; 魏奇

    2012-01-01

    After analyzing the methods used in computer operation and maintenance of IT assets,and making also research on specific elements in terms of computerized assets that are different from those of traditional fixed assets,e.g.: fast depreciation of physical assets,higher cost of maintenance on software assets,data resources require an increase in value,the author has made some propositions about using computerized account to manage it throughout full life cycle of assets,namely : its supply,storage space,location,operation,modification,maintenance,evaluation,elimination,and other aspects of a unified record of deposit,this means that it can be able to grasp the actual state of IT assets.He also designed the structure of the computerized bookkeeping,and a variety of associate in his favor,easy to query,analysis and statistics.He made a summary on the steps in the implementation of account management such as: construction of the system by selecting the starting point in order to update and use continuously database of computerized account.The management of bookkeeping with computer is based on practical experience of mid-sized institutions and it can be used as a way to rely on the investment potential of information technology.%探讨信息化资产运营维护的方法。分析信息化资产不同于传统固定资产的特点,如:硬件资产的折旧快,软件资产维护成本高,数据资源需要保值增值等。提出利用台帐进行信息化资产全生命周期管理,对其采购、出入库、定位、运行、变更、维护、评估、淘汰等环节统一记录建档,掌握信息化资产的真实状况。设计了台帐的结构,及为各种台帐建立关联的方式,便于查询、分析和统计。总结了实施台帐管理的步骤,即:制度建设,选好切入点,持续地更新和使用台帐数据库。台帐管理方法是依据一中等规模机构的实践经验形成的,可作为挖掘信息化投资潜力的一条途径。

  18. Modelling the Costs of Preserving Digital Assets

    DEFF Research Database (Denmark)

    Kejser, Ulla Bøgvad; Nielsen, Anders Bo; Thirifays, Alex

    2012-01-01

    Information is increasingly being produced in digital form, and some of it must be preserved for the longterm. Digital preservation includes a series of actively managed activities that require on-going funding. To obtain sufficient resources, there is a need for assessing the costs...... and the benefits accrued by preserving the assets. Cost data is also needed for optimizing activities and comparing the costs of different preservation alternatives. The purpose of this study is to analyse generic requirements for modelling the cost of preserving digital assets. The analysis was based...... on experiences from a Danish project to develop a cost model. It was found that a generic cost model should account for the nature of the organisation and the assets to be preserved, and for all major preservation activities and cost drivers. In addition, it should describe accounting principles. It was proposed...

  19. SIMPLE INNOVATION OF FINANCIAL ASSET

    Institute of Scientific and Technical Information of China (English)

    ZHANG Shunming

    2001-01-01

    This paper presents a simple two-period model of the innovationof financial asset by commission-revenue maximization exchange. The economic agents with meanvariance preferences take transaction costs in the process of trading the financial asset, the buying per-unit commission of the futures contract and the selling per-unit commission of the financial asset. The commission-revenue maximization exchange innovates financial asset.

  20. 金融新常态对中小银行资产负债管理的挑战%The Challenges to Asset and Liability Management of the Small and Medium Banks Under the Financial New Normal

    Institute of Scientific and Technical Information of China (English)

    罗春婵; 张锐; 李光怡

    2016-01-01

    The changes of economic and financial environment put forward a challenge to the asset and liability management of small and medium banks. On the basis of analysis of the characteristics of small and medium banks, the paper makes the advantages and disadvantages clear, and discuss the shock of ifnancial new normal to the asset liability management from the ifve perspectives, including interest rate marketizaion, deposit insurance system, internet ifnance, ifnancial innovation and Basel Accord III. Lastly, it puts forward some suggestions to promote the asset and liability management of small and medium banks.%经济金融环境的变化对中小商业银行资产负债管理提出了挑战。在对中小银行的特征进行分析的基础上,明确其优势和劣势,并从利率市场化、存款保险制度、互联网金融、金融创新、巴塞尔协议Ⅲ五个角度,探讨金融新常态对资产负债管理的冲击。最后,提出完善中小银行资产负债管理的建议,推动中小银行从资产负债的“被动管理、分离管理、表内管理”向“主动管理、统一管理、全面管理转变”。

  1. Real Assets and Capital Structure

    NARCIS (Netherlands)

    M. Campello; E. Giambona

    2013-01-01

    We characterize the relation between asset structure and capital structure by exploiting variation in the salability of corporate assets. To establish this link, we distinguish across different assets in firms’ balance sheets (machinery, land, and buildings) and use an instrumental approach that inc

  2. 《外包业务知识产权安全管理》简介%Managing Security in Outsourced and Off-shored Environments How to Safeguard Intellectual Assets in a Virtual Business World

    Institute of Scientific and Technical Information of China (English)

    钟华

    2010-01-01

    @@ 英国标准协会(BSI)近期出版了一本新书(Managing Security in Outsourced and Off-shored Environmems,How to Safeguard Intellectual Assets in a Virtual Business World).该书全面介绍了信息产业和服务业外包业务中的信息安全管理问题.对初涉该领域的读者,也同样可以从中获得丰富的实务知识.

  3. Metadata for the description of broadcast assets

    DEFF Research Database (Denmark)

    Efthimiadis, Efthimis N.; Mai, Jens Erik; Burrows, Paul E.;

    2003-01-01

    The Corporation for Public Broadcasting (CPB) and public broadcasters consider Media Asset Management (MAM) of critical importance since without a concerted and cooperative plan to manage their vast library of content, broadcasters are unable to reach their potential for service in the digital ag...... is currently under development; the Disney Nomenclature Registry at Disney Corporation; and the ViDe (video access group) MPEG-7 and Dublin Core mapping....

  4. Equilibrium Asset Prices Under Imperfect Corporate Control

    OpenAIRE

    James Dow; Gary Gorton; Arvind Krishnamurthy

    2003-01-01

    Shareholders have imperfect ontrol over the decisions of the management of a firm. We integrate a widely accepted version of the separation of ownership and control -- Jensen's (1986) free cash flow theory--into a dynamic equilibrium model and study the effect of imperfect corporate control on asset prices and investment. We assume that firms are run by empire-building managers who prefer to invest all free cash flow rather than distributing it to shareholders. Sharefholders are aware of this...

  5. 78 FR 15062 - Cohen & Steers Real Assets Fund, Inc., et al.; Notice of Application

    Science.gov (United States)

    2013-03-08

    ... COMMISSION Cohen & Steers Real Assets Fund, Inc., et al.; Notice of Application March 4, 2013. AGENCY...: Cohen & Steers Real Assets Fund, Inc. (the ``Corporation''), Cohen & Steers Real Assets Fund, Ltd. (the ``Subsidiary''), and Cohen & Steers Capital Management, Inc. (``Cohen & Steers'' or the ``Advisor'')....

  6. 董事会特征、盈余管理动机与非流动资产处置%Characteristics of Board of Directors, Earnings Management Motivation and Disposal of Non-current Assets

    Institute of Scientific and Technical Information of China (English)

    张敦力; 崔海红

    2016-01-01

    本文以沪深两市2007-2014年发生非流动资产处置损益的A股上市公司为样本,分析处置非流动资产的盈余管理动机以及公司董事会特征对真实盈余管理的抑制作用。研究结果表明:上市公司为了实现扭亏的目标,存在利用非流动资产处置收益实施盈余管理的行为;董事会治理机制中,董事长与总经理两职合一、独立董事比例和董事会开会次数与真实盈余管理水平显著负相关;相对于民营上市公司,国有上市公司真实盈余管理动机更强,其董事长与总经理两职合一和独立董事比例抑制盈余管理的功能优于民营上市公司,而民营上市公司的董事会开会次数的监督功能更为有效。%Using data of listed companies in Shanghai and Shenzhen stock exchanges with non-current asset disposal gains and losses in the period of 2007-2014, this paper analyzes the earnings management motivation of non-current assets disposal and the control effect of board of directors on earnings management. The results of the study are as follows:The listed compa-nies will make use of the disposal of non-current assets to turn loss into profit in current profit-loss year; In the mechanism of board of directors, the size of the board does not have a direct impact on the real earnings management, but there is a signifi-cant negative conrrelation between the general manager duality, the proportion of independent directors, the frequency of board meetings and the real earnings management;Compared with the private listed companies, state-owned enterprises are more in-clined to choose real earnings management for earnings manipulation. In the state-owned enterprises, both the general manager duality and the proportion of independent directors are more perfect, whereas in the private enterprises the supervisory role of board meetings is more effective.

  7. Careful Planning Key to Accurate Fixed Reports Assets.

    Science.gov (United States)

    MaRous, Arnold M.

    1986-01-01

    Only with careful planning can school business managers develop fixed asset information and good recordkeeping. Use of a simple inventory system and discussion with school districts already utilizing this system will assist planning. (CJH)

  8. Asset pricing without garbage

    OpenAIRE

    Kroencke, Tim Alexander

    2013-01-01

    This paper provides an explanation why garbage as a measure of consumption implies a several times lower coefficient of relative risk aversion in the consumption-based asset pricing model than consumption based on the official National Income and Product Ac- counts (NIPA): Unlike garbage, NIPA consumption is filtered to mitigate measurement error. I apply a structural model of the filtering process, which allows to revoke the filter inherent in NIPA consumption. "Unfiltered NIP...

  9. Asset securitization in Europe

    OpenAIRE

    Baums, Theodor

    1994-01-01

    Until the late 1980s, asset securitisation was an US-American finance technique. Meanwhile this technique has been used also in some European countries, although to a much lesser extent. While some of them have adopted or developed their legal and regulatory framework, others remain on earlier stages. That may be because of the lack of economic incentives, but also because of remaining regulatory or legal impediments. The following overview deals with the legal and regulatory environment in f...

  10. Pricing Volatility Referenced Assets

    OpenAIRE

    Alan De Genaro Dario

    2006-01-01

    Volatility swaps are contingent claims on future realized volatility. Variance swaps are similar instruments on future realized variance, the square of future realized volatility. Unlike a plain vanilla option, whose volatility exposure is contaminated by its asset price dependence, volatility and variance swaps provide a pure exposure to volatility alone. This article discusses the risk-neutral valuation of volatility and variance swaps based on the framework outlined in the Heston (1993) st...

  11. Accounting treatment of intangible assets

    OpenAIRE

    Gorgieva-Trajkovska, Olivera; Koleva, Blagica; Georgieva Svrtinov, Vesna

    2015-01-01

    The accounting for fixed assets is, in many cases, a straightforward exercise, but it isn’t always so when it comes to the issue of intangible fixed assets and recognizing such assets on the balance sheet. IAS 38, In¬tan¬gi¬ble Assets, outlines the accounting re¬quire¬ments for in¬tan¬gi¬ble assets, which are non-mon¬e¬tary assets which are without physical substance and iden¬ti¬fi¬able (either being separable or arising from con¬trac¬tual or other legal rights). In¬tan¬gi¬ble assets meeting ...

  12. Real Assets and Inflation: Which Real Assets Hedge Inflation

    OpenAIRE

    Parajuli, Rajan; Chang, Sun Joseph

    2015-01-01

    Inflation is considered as a leading macroeconomic indicator, which might create substantial distortions in financial statements, future earnings, and overall performance of securities in the financial market. An inflation-hedging ability of an asset offers protection against inflation, which eliminates or at least reduces the uncertainty about the future real returns. Real assets like real estate, timberland, and farmland have been regarded as good inflation hedges, whereas financial assets ...

  13. Design and Implementation of Fixed Assets Management System Based on JSP Technology%基于JSP技术的固定资产管理系统的设计与实现

    Institute of Scientific and Technical Information of China (English)

    周明

    2014-01-01

    本文介绍了使用JSP技术开发企事业单位固定资产管理系统。系统采用MVC三层架构,使用Servlet技术实现业务逻辑,使用JDBC技术访问数据库,基于数据记录实现工作流模式。每种用户角色有不同的操作权限,提高了单位管理效率。%This article introduces the enterprise fixed assets management system based on JSP technology. The system, by adopting the Model-View-Controller 3-tier architecture, accesses database by using JDBC technology, implements workflow patterns based on data records and offers different user rights to improve the management ef-ficiency of enterprises.

  14. Default Risk Management for Credit Asset Securitization Based on Structural Model%基于结构化模型的信贷资产证券化违约风险管理

    Institute of Scientific and Technical Information of China (English)

    刘洪

    2012-01-01

    日前,停滞4 a多的信贷资产证券化正式重启,首期信贷资产证券化额度500亿元;我国于2005年便开始了信贷资产证券化的试点,之后由于美国次贷危机出现了暂停,本次重启可以看成是对平台贷款的一次创新,但证券化过程本身也面临着很多的问题,其中对违约风险的管理尤为重要;主要描述了当前证券化过程面临的主要问题,并着重提出预测违约率的结构化方法,并在最后提出了几点利于证券化改革的政策建议。%Currently credit asset securitization is formally reinitiated after four years standstill and the amount of the first securitized credit assets is 50 billion RMB yuan. China began to practice pilot credit asset securitization in 2005 but the experiment temporarily stopped after America subprime mortgage crisis emergence. The re-initiation of the securitization can be regarded as a innovation for loan platform, however, the securitization process itself faces many problems, among which the management of default risk is most important. This paper mainly describes the central problems faced by current securitization process, emphatically points out structural method for forecasting default rate and finally advances several suggestions for helping the securitization reform.

  15. Effects Of Country Risk Forecasts Based On Foreign Trade Performance And Currency Choices In Asset - Liability Management On Banks’ Liquidity Performance: An Empirical Analysis

    Directory of Open Access Journals (Sweden)

    Erol Muzır

    2015-06-01

    Full Text Available he foremost purpose of this paper that presents some parametric and non-parametric model proposals towards measuring banks’ risk of technical insolvency (failure as based on their liquidity performance is to discern how specific choices regarding asset- liability structure of banks and country risk predictions concerning overall foreign trade performance affect liquidity position of those banks. Moreover, possible impacts of lending efficiency and capital adequacy on liquidity performance are argued. For this purpose, some parametric and non-parametric risk estimation models have been developed using the consolidated financial and non-financial data that were reported on a quarterly basis by 26 Turkish and foreign deposit banks within the period between March 2003 and March 2009 to predict changes in the balances of both net cash flows from banking activities and overall net cash flows. According to the findings of the models developed by undertaking Binary Logistic Regression and Multivariate Adaptive Regression Splines (MARS, it is concluded that foreign trade performance based country risk forecasts are positively correlated with technical failure risk exposure while currency compositions of assets and liabilities are significantly effective on risk level. In addition, we also observe that foreign banks are relatively less exposed to technical failure risk and infer that increasing lending efficiency and better capital adequacy could lead to pretty liquidity performance, as expected

  16. Pricing Volatility Referenced Assets

    Directory of Open Access Journals (Sweden)

    Alan De Genaro Dario

    2006-12-01

    Full Text Available Volatility swaps are contingent claims on future realized volatility. Variance swaps are similar instruments on future realized variance, the square of future realized volatility. Unlike a plain vanilla option, whose volatility exposure is contaminated by its asset price dependence, volatility and variance swaps provide a pure exposure to volatility alone. This article discusses the risk-neutral valuation of volatility and variance swaps based on the framework outlined in the Heston (1993 stochastic volatility model. Additionally, the Heston (1993 model is calibrated for foreign currency options traded at BMF and its parameters are used to price swaps on volatility and variance of the BRL / USD exchange rate.

  17. Heterogeneity of Intellectual Assets

    DEFF Research Database (Denmark)

    Dahlgren, Johan Henrich; Lund Jensen, Rasmus; Valentin, Finn

    2004-01-01

    This paper deals with methodological issues of assessing the composition and level ofheterogeneity of firms' intellectual assets. It develops an original metric - referred to asthe H-index - for measuring heterogeneity using data extracted from patent documents.The main purpose is to improve...... the characterisation of research activities within firmsin the biotechnology sector. Although the H-index grew out of research on biotechfirms, the metric carries broader relevance for all patent-intensive industries. Themeasurement and calculation of the H-index is illustrated using some empiricalexamples from our...

  18. Practice and Experience of Fixed Assets Management of “Two Lines of Revenue and Expenditure” in the Public Hospital%公立医院“收支两条线”固定资产管理的实践与体会

    Institute of Scientific and Technical Information of China (English)

    梁慧敏; 黄湘漪

    2012-01-01

    Fixed assets management plays important role in the development of the hospital. Different hospitals use different fixed assets management method. The article analyzes the current situation and existing many problems and gives some rational suggestions on fixed assets management of "two lines of revenue and expenditure" of the public hospital.%医院固定资产管理对医院的生存和发展起着非常重要的作用,不同医院在固定资产的管理上也不尽相同.文章针对公立医院“收支两条线”固定资产管理的现状和问题进行了分析,并对存在的问题提出了相应的对策.

  19. Liquidity and asset market dynamics

    OpenAIRE

    Guillaume Rocheteau; Randall Wright

    2010-01-01

    We study economies with an essential role for liquid assets in transactions. The model can generate multiple stationary equilibria, across which asset prices, market participation, capitalization, output and welfare are positively related. It can also generate a variety of nonstationary equilibria, even when fundamentals are deterministic and time invariant, including periodic, chaotic, and stochastic (sunspot) equilibria with recurrent market crashes. Some equilibria have asset price traject...

  20. Asset Prices and Institutional Investors

    OpenAIRE

    Basak, Suleyman; Pavlova, Anna

    2013-01-01

    Empirical evidence indicates that trades by institutional investors have sizable effects on asset prices, generating phenomena such as index effects, asset-class effects and others. It is difficult to explain such phenomena within standard representative-agent asset pricing models. In this paper, we consider an economy populated by institutional investors alongside standard retail investors. Institutions care about their performance relative to a certain index. Our framework is tractable, adm...

  1. Hospital Fixed Assets Management System Based on Time Stamp Data Synchronization%基于时间戳数据同步的医院资产管理系统

    Institute of Scientific and Technical Information of China (English)

    方卫青

    2013-01-01

    基于Windows Mobile开发平台,采用Web Service的系统集成方法和基于时间戳数据同步的方式设计、开发医院固定资产管理系统移动终端系统。该系统实现了移动终端设备上固定资产盘查和数据同步的功能,在常熟市第二人民医院使用,取得了良好的效果。%Based on the platform of Windows mobile system , this paper applies Web Service for system integration , and uses time stamp data synchronization to design and develop the mobile terminal system of the hospital fixed assets management system .The functions of fixed assets inventory and data synchronization in mobile terminal equipment are realized .This terminal system is used in No .2 Hospital of Changshu and shows good effect .

  2. 供电企业的资产全寿命周期管理评价指标体系构建%Evaluation Index System of Asset Life Cycle Management for Power Supply Enterprises

    Institute of Scientific and Technical Information of China (English)

    李彩萍; 李金鹏; 岳超源; 吴相林

    2011-01-01

    Based on the analysis of the evaluation index system of assets life cycle management for the National Grid Company, and with regard to the present situation of the domestic power grid assets' management, this paper proposed a new evaluation index system for power supply enterprise's assets life cycle management, which contains four phases( research plan, preliminary design of purchasing construction, operation maintenance, discarding and retire- ment) and covers three aspects of safety, efficiency and life cycle cost. The proposed system includes 22 indices, each of which is applicable for a specific cycle stage and is illustrated respectively by the evaluation cases.%在分析和借鉴国家电网公司资产全寿命周期管理评价指标体系的基础上,结合电网资产管理的内容和特点,提出适用于供电企业的包括规划可研、初设采购建设、运行维护和退役报废四个阶段的资产全寿命周期管理评价指标体系。该指标体系涵盖安全、效能和周期成本三方面,共包含22个指标,且各指标都有明显的适用周期阶段。对各指标作简要分析并给出评价实例。

  3. Asset Stocks and Sustained Competitive Advantage: A Comment

    OpenAIRE

    Jay B. Barney

    1989-01-01

    In their paper, Dierickx and Cool suggest that the strategic factor markets model developed in Barney (Barney, J. B. 1986a. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (October) 1231--1241.) cannot be applied in the analysis of sustained competitive advantages due to asset stocks accumulated over time. In this comment, it is shown that the discussion of asset stocks extends and complements, rather than limits, the strategic factor markets model. This i...

  4. INNOVATION IN ACCOUNTING BIOLOGIC ASSETS

    Directory of Open Access Journals (Sweden)

    Stolуarova M. A.

    2016-09-01

    Full Text Available The article describes the innovations in the classification and measurement of biological assets according to IFRS (IAS 41 "Agriculture". The difficulties faced by agricultural producers using standard, set out in article. The classification based on the adopted amendments, according to which the fruit-bearing plants, previously accounted for as biological assets are measured at fair value are included in the category of fixed assets. The structure of biological assets and main means has been studied in trials. Changes made to the IFRS (IAS 41 "Agriculture", make similar national and international accounting rules. In this way, the fruit-bearing plants are carried at cost, taking into account accumulated depreciation. This approach is similar in both accounting systems. The method of accounting of fruit-bearing assets, which after maturation are not significant biotransformation in the value, has been simplifying accounting. According to the fruit-bearing assets, active market was absent; therefore, the estimation of fair value for them is not correct. The model of using fruit-bearing assets is similar to the use of industrial equipment. Historical cost is more appropriate and meets economic substance of the objects. Assessment of performance of fruit-bearing assets and indicators of their use is represented on an example of perennial crops

  5. Packaging Software Assets for Reuse

    Science.gov (United States)

    Mattmann, C. A.; Marshall, J. J.; Downs, R. R.

    2010-12-01

    The reuse of existing software assets such as code, architecture, libraries, and modules in current software and systems development projects can provide many benefits, including reduced costs, in time and effort, and increased reliability. Many reusable assets are currently available in various online catalogs and repositories, usually broken down by disciplines such as programming language (Ibiblio for Maven/Java developers, PyPI for Python developers, CPAN for Perl developers, etc.). The way these assets are packaged for distribution can play a role in their reuse - an asset that is packaged simply and logically is typically easier to understand, install, and use, thereby increasing its reusability. A well-packaged asset has advantages in being more reusable and thus more likely to provide benefits through its reuse. This presentation will discuss various aspects of software asset packaging and how they can affect the reusability of the assets. The characteristics of well-packaged software will be described. A software packaging domain model will be introduced, and some existing packaging approaches examined. An example case study of a Reuse Enablement System (RES), currently being created by near-term Earth science decadal survey missions, will provide information about the use of the domain model. Awareness of these factors will help software developers package their reusable assets so that they can provide the most benefits for software reuse.

  6. 基于线性规划模型的商业银行资产负债管理研究%Research on Commercial Bank Assets and Liabilities Management Based on Linear Programming Model

    Institute of Scientific and Technical Information of China (English)

    金铎; 姚英杰

    2008-01-01

    @@ 资产负债管理(asset-liability management,ALM)是银行为规避各种风险、增强流动性、安全性、收益性及提升银行价值,在法律、法规等条件约束下,在综合考虑"三性"经营原则的前提下,对商业银行资产负债的所有项目进行动态规划.资产负债管理的核心思想对商业银行的风险管理和财务战略规划有着重要意义.

  7. Interest Rate Marketization and Commercial Bank's Asset and Liability Management%利率市场化与商业银行资产负债管理研究综述

    Institute of Scientific and Technical Information of China (English)

    金兴; 孙兆斌

    2014-01-01

    资产负债管理(Asset-liability Management,ALM)是现代商业银行生存发展的根基和生命线.随着金融机构贷款利率管制全面放开和存款利率有限上浮,利率市场化的步伐正渐行渐近,并对商业银行的经营管理尤其是资产负债管理带来巨大挑战.如何通过管理转型提升资产负债管理能力,已成为值得商业银行深入探索的课题.本文分析了资产负债管理转型的方向并提出对策.

  8. Design and Realization of Electric Power Assets Management System Based on RFID%基于RFID技术的电力资产管理系统的设计与实现

    Institute of Scientific and Technical Information of China (English)

    覃奕

    2012-01-01

    Based on the RFID technology,an electric power enterprise asset management system is designed by utilizing Java programming language,and integration of Struts,Spring and Hibernate frameworks.It is proved that the system can realize the automatic and non-paper data collection,improve the inventory checking,and the effectiveness and accuracy of equipment inspection.%基于RFID射频识别技术,利用Java编程语言和Struts+Spring+Hibernate框架技术,设计一个电力资产管理系统。该系统应用到电力企业资产管理中,可以实现数据采集的自动化和无纸化,提高资产盘点和设备巡检的高效性和准确性。

  9. 长期资产减值与盈余管理方式选择%Choice of the management mode of the long-term assets impairment and the earnings

    Institute of Scientific and Technical Information of China (English)

    杨丽娟

    2013-01-01

    The long-term assets impairment policy change in 2007 as the background, the preferences of earnings management in listing Corporation. Through the research discovery, accruals and real activities earnings management is the mode of earnings management can be selected, the company will be two kinds of earnings management based on the cost of earnings management to select specific; prohibit long-term impairment reversal of loss will correspond to project earnings management has deterrent, and very likely to exist in the enter-prise management bias the use of real activities earnings management trend.%  以2007年长期资产减值的政策变化为背景,研究上市公司盈余管理方式的选择偏好变化。通过研究发现,应计项目和真实活动盈余管理是公司可选择的盈余管理方式,公司会基于两种盈余管理方式的成本来选择具体的盈余管理方式;禁止长期减值损失的转回会对应计项目盈余管理有遏制作用,同时极有可能存在企业管理者偏向使用真实活动盈余管理的趋势。

  10. Software asset management and its implementation based on Chinese information technology services standard%软件资产管理及其基于ITSS原理的实施

    Institute of Scientific and Technical Information of China (English)

    杜兴盛

    2013-01-01

    This paper aimed to improve the percentage of organizational software's legalization,to enhance compliance of organizational software,reduce legal risks,and solve the problem relating to the rationalization of software investment.This research aimed at scientific methods to improve lifecycle management capabilities of organizational software,and was based on domestic practice of Software Asset Management (SAM) and International Organization for Standardization/International Electrotechnical Commission 19770 (ISO /IEC 19770),combined relevant research of Chinese Information Technology Services Standard (ITSS) aiming at Chinese Information Technology (IT) industry to analyze ITSS core principles,the contents SAM stakeholders concerning about,and to clarify SAM's concept,purpose and characteristics.This paper gave the main method of SAM implementation and the maturity model of evaluation,which not only meet the consistency of organization's asset management,but also meet the unique nature of the financial management,material management and available state management.The organization was promoted through SAM,and the organizational compliance was improved and legal risks and costs were reduced.%针对如何提高组织软件正版化率、提升组织的软件合规、降低法律风险、合理化的软件投入的问题,研究旨在提高组织软件全生命周期管理能力的科学方法,基于软件资产管理(SAM)国内实践以及ISO/IEC 19770的相关标准,结合中国信息技术服务标准体系(ITSS)对中国信息技术产业现状进行的相关研究,分析ITSS核心原理、SAM相关方关注内容,明确SAM的概念、目的以及特点,给出了实施SAM的主要方法以及评价的成熟度模型,实现SAM既要满足组织资产管理的一致性,又有贯穿财务管理、实物管理及对其可用状态的管理的独特性,并能够真正让组织从中获得提升,解决提高组织合规、降低法律风险和费用的问题.

  11. Institutional theory of privatization - nationalization assets

    Directory of Open Access Journals (Sweden)

    Sukharev Oleg, S.

    2015-03-01

    Full Text Available Introduce the basic provisions, principles and criteria of institutional theory of privatization-nationalization, asset management in the economy. Structural analysis of property in terms of its two basic elements - public and private property, introduced a model of cooperation between state and private sectors. The main attention is paid to the criteria for evaluating the performance of these types of property, as well as the rationale of the process of privatization and nationalization of property. Offers asset management principles - the privatization and nationalization of the economy to changes in the economic well-being, the price criterion is formulated privatization-nationalization of assets. Based on the study of the theoretical criteria for the privatization and nationalization of the economy, assesses the changes in the welfare of the economic system. Summarizes the conditions of the privatization and nationalization depending on the objectives of the public and private sectors. Assesses the optimal size of the public sector and derivation of the budget deficit, depending on the dynamics of the public and private sectors (in the framework of the dichotomy.

  12. Construction of military aviation audiovisual information system based on media assets management%基于媒体资产管理的军事航空医学声像信息系统建设

    Institute of Scientific and Technical Information of China (English)

    叶佳波; 张霞; 王志翔; 于丽; 贺青; 陈炎琰

    2015-01-01

    针对传统航空医学声像资料管理方式单一落后的实际情况,通过采用功能强大、性能先进的现代媒体资产管理技术,全面整合空军航空医学研究各类声像数据资源,构建了规模较大、资料丰富、检索高效、运行安全的军事航空医学声像信息管理系统。该系统实现了声像信息管理科学化、规范化、数字化和网络化,进一步提升了声像服务整体实力和保障效能。%A military aviation audiovisual information system was constructed using the recent media assets manage-ment technologies according to the audiovisual data in our institute since its establishment,which will realize the scien-tific,standard,digital and network management of audiovisual information,and further improve the audiovisual service.

  13. Asset and Liability Management Model with CIR Interest Rate under Quadratic Utility Criterion%CIR利率模型下基于二次效用的资产-负债管理模型∗

    Institute of Scientific and Technical Information of China (English)

    常浩

    2014-01-01

    应用动态规划原理和Legendre变换相结合的方法研究CIR利率模型下的资产–负债管理问题。假设金融市场由一种无风险资产、多种风险资产和一种零息票债券构成,其中短期利率的动态行为服从Cox-Ingersoll-Ross (CIR)利率模型,而负债的动态行为满足带漂移的布朗运动,且负债动态与股票价格动态存在相关性。文章以最大化终端财富的期望效用为目标函数,应用变量替换方法得到二次效用下最优投资策略的闭式解,并给出数值算例分析利率参数和负债参数对最优投资策略的影响。研究结果解决了均值–方差模型下的最优投资策略问题,为进一步分析和研究随机利率模型下的其它资产–负债管理问题提供了理论支持。数值结果表明:负债情形下投资于股票和零息票债券的数量多于无负债情形下的数量。%This paper applies dynamic programming principle and Legendre transform to study an asset and liability management problem with CIR interest rate dynamics. Assume that the finance market is composed of one risk-free asset and multiple risky assets and one zero-coupon bond, where the interest rate is supposed to follow the CIR model and the liability process is driven by Brownian motion with drift, moreover, liability dynamics is generally correlated with stock price dynamics. The aim of an investor is to maximize the expected utility of terminal wealth. The closed-form solution to the optimal investment strategy under the quadratic utility case is obtained by applying the variable change technique, and a numerical example is given to illustrate the impact of interest rate parameters and liability parameters on the optimal policy. We obtain the optimal investment policy in the mean-variance framework and further provide theoretical foundation for other asset and liability management problems with stochastic interest rates. The numerical results imply that

  14. DESIGN AND IMPLEMENTATION OF UNIVERSITY ASSETS AND LABS INTEGRATED MANAGEMENT PLATFORM BASED ON B/S AND C/S COLLABORATIVE SERVICES%基于B/S与C/S协同服务的高校资产与实验室综合管理平台的设计实现

    Institute of Scientific and Technical Information of China (English)

    姜吉婷; 韩勇; 张小垒; 陈戈

    2014-01-01

    The thesis thoroughly investigates how to utilize B/S and C /S collaborative service technology to design and implement a plat-form for university assets management department to integratedly manage assets and labs.It comprehensively utilizes WPF,SilverLight,WCF service and other technologies to carry out system's collaborative architecture design.By combining a number of technologies,it implements an integrated business office platform to provide quick and convenient services for university routine assets management so as to solve the disorder and low-efficiency of university assets management situation at present,thus enabling university fixed assets management level to take another step upward,heading towards a new scientization,technologization and informatization stage.%深入研究如何通过 B/S、C /S 协同服务技术设计并实现一个可供高校资产管理部门对资产以及实验室进行综合管理的平台。结合使用 WPF(Windows Presentation Foundation)、SliverLight、WCF(Windows Communication Foundation)服务等技术进行系统的协同架构设计。通过多种技术的结合,实现一个屏蔽各种技术之间差异、可为高校日常的资产管理提供快速便捷服务的综合业务办公平台,解决当前高校资产管理混乱、效率低下的现状,使高校固定资产管理水平再上新台阶,迈向科技化、信息化新阶段。

  15. Security: a supranational legal asset

    OpenAIRE

    Manuel Monteiro Guedes Valente

    2012-01-01

    This paper discusses the concept of security as a manysided, multifunctional and multilevel regulation topology which requires its several actors to view legal assets from a polygonal perspective worthy of legal protection from local to global and from global to local space. The concept of security as a supranational legal asset requires criminal legislation which defines the principles of criminal policy and the intervention of criminal Law, barriers to security trends and to the attempt to ...

  16. Valuation Risk and Asset Pricing

    OpenAIRE

    Rui Albuquerque; Martin S. Eichenbaum; Sergio Rebelo

    2012-01-01

    Standard representative-agent models have difficulty in accounting for the weak correlation between stock returns and measurable fundamentals, such as consumption and output growth. This failing underlies virtually all modern asset-pricing puzzles. The correlation puzzle arises because these models load all uncertainty onto the supply side of the economy. We propose a simple theory of asset pricing in which demand shocks play a central role. These shocks give rise to valuation risk that allow...

  17. Portfolio Choice with Illiquid Assets

    OpenAIRE

    Koren, Miklós; Szeidl, Adam

    2003-01-01

    The present Paper investigates the effects of incorporating illiquidity in a standard dynamic portfolio choice problem. Lack of liquidity means that an asset cannot be immediately traded at any point in time. We find the portfolio share of financial wealth invested in illiquid assets given the liquidity premium. Benchmark calibrations imply a portfolio share of 2-6% in cash. These numbers are in line with survey data and also with portfolio recommendations by practitioners. We also find that ...

  18. Safeguarding information as an asset: Do we need a redefinition in the knowledge economy and beyond?

    Directory of Open Access Journals (Sweden)

    Adeniji K. Adesemowo

    2016-04-01

    with regard to information risk and internal controls.Conclusion: This article has identified a major defect in most standards, frameworks, and regulations dealing with regard to the safeguarding and management of information assets (and IT assets. It has established from the review carried out that information assets have not been properly defined across the board. Beyond this significant finding, it was further shown that the principle of risk (assessment across the board requires the identification of the asset that needs to be controlled. A starting point, then, is a coherent definition (as proposed for the information asset in itself. Therefore, proper definition across the board might assists in proper identification that could result in appropriate control and graceful handling of the end-of-life disposal.Keywords: infonomics; information asset; information risk; internal control; reputation loss

  19. The Enlightenment of Post-modernism on Administrative Institutions’Assets Management%浅论后现代主义对行政事业单位资产管理的启示

    Institute of Scientific and Technical Information of China (English)

    赵萍

    2013-01-01

    Post-modernism is a trend of thought emerging in 1960s in the west,which has a great impact on humanities,and management science.Under its influence,post-modern public administration theory was formed in 1990s.It also introduced new ideas and set new directions for public administration,enlightening us in the administrative institutions assets management.%后现代主义是20世纪60年代在西方兴起的一种思潮,它对人文科学、和管理科学等都产生了很大的影响。在它的影响下,20世纪90年代形成了后现代公共行政理论,并给公共行政管理带来了新的思维和发展方向,促使人们就行政事业单位资产管理思维方式转变等方面获得启迪。

  20. Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds

    OpenAIRE

    Aizenman, Joshua; Reuven GLICK

    2010-01-01

    This paper presents a model comparing the optimal degree of asset class diversification abroad by a central bank and a sovereign wealth fund. We show that if the central bank manages its foreign asset holdings in order to meet balance of payments needs, particularly in reducing the probability of sudden stops in foreign capital inflows, it will place a high weight on holding safer foreign assets. In contrast, if the sovereign wealth fund, acting on behalf of the Treasury, maximizes the expect...

  1. The instrument of asset securitization on the basis of investment funds

    OpenAIRE

    O.S. Novak

    2015-01-01

    This article explores the instruments of asset securitization on the basis of investment funds According to the proposed national model of asset securitization on the basis of investment funds developed the financial instruments, which provide its implementation. Depending on the opportunities the payment management proposed to service the operations of asset securitization by investment certificates with replenishment and without the possibility of replenishment. The use of financial instrum...

  2. 三资综合管理视角下的矿业权管理改革思路探讨%Discussion on the mining right management reform in a view of integrated management of mineral resources, assets and capitals

    Institute of Scientific and Technical Information of China (English)

    周平; 朱丽丽; 施俊法; 邢新田

    2014-01-01

    With the continuous improvement and development of China ’ s socialist market economic system ,the market‐oriented management reform of mineral resources on behalf of integrated management of mineral resources ,assets and capitals has been on put on the agenda .This paper summarizes the concept and connotation of mining right ,and the relation between mining right and the mineral resources ,assets and capitals ,analyzes the existing problems in current management of mining right ,and some advices on mining right management reform are put forward .It is thought that mining right plays a very important role in the framework of the integrated management of the mineral resources ,assets and capitals .The mining right is not only the precondition ,but also the linkage and the key of configuration and conversion between mineral resources ,assets and capitals .Therefore ,constructing a comprehensive ,high efficiency service‐oriented government ,establishing a unified open ,competitive and orderly market system of mining rights ,building a reasonable resource tax system ,are necessarily advised .%随着我国社会主义市场经济体制的不断完善和发展,以资源、资产、资本三资综合管理为代表的矿产资源市场化管理改革提上日程。本文从三资视角下的矿业权概念及其内涵、矿业权与三资的关系入手,剖析当前矿业权管理存在的问题,提出了矿业权管理改革思路。认为在三资综合管理框架体系下,矿业权起着非常重要的作用,它不仅是三资配置和转换的前提,更是三资配置和转换的纽带和关键,需要科学合理地管理矿业权,对此,提出要建设综合、高效、高水平的服务型政府,建立统一开放、竞争有序的矿业权市场体系,构建合理科学的资源税费体系等建议。

  3. Financing asset sales and business cycles

    OpenAIRE

    Arnold, Marc; Hackbarth, Dirk; Puhan, Tatjana-Xenia

    2014-01-01

    This paper analyzes the decision of firms to sell assets to fund investments (financing asset sales). For a sample of U.S. manufacturing firms during the 1971-2010 period, we document new stylized facts about financing asset sales that cannot be explained by traditional motives for selling assets, such as financial distress or financing constraints. Using a structural model of financing, investment, and macroeconomic risk, we show that financing asset sales attenuate the debt overhang problem...

  4. On the Liquid Assets Management and Fund Raising in the Small and Medium-sized Enterprise---From the Prospective of Supply Chain Financeal%浅议中小企业流动资产管理与筹资--基于供应链金融视角

    Institute of Scientific and Technical Information of China (English)

    胡勇军; 冯小苏; 万幸

    2015-01-01

    在中小企业中流动资产占比较高,加强企业尤其是中小企业流动资产管理是非常必要的。根据中小企业流动资产的特点,在流动资产管理中要求达到企业价值最大化、流动资产风险最小化、流动资产的充分流动性的目标。在供应链内企业之间由于债权债务“抵消”因素的存在,降低了整个供应链企业流动资产的实际风险,使得企业的流动负债可处在相对较高的水平,并且保持相对的安全性。商业银行、中小企业可以运用供应链金融产品积极开展流动资产融资业务。%The high proportion of liquid assets in the small and medium-sized enterprises makes it quite necessary to reinforce the current assets management of the enterprises, the small and medium-sized ones in particular. Based on the characteristics of the liquid assets of the small and medium-sized enterprises, their liquid assets management should realize the maximization of the enterprise value, the minimization of the asset liquidity risk, and the goal of a sufficient mobility of the liquid assets. As a result of the existence of "offsetting" factors in the credit and debt between enterprises in the supply chain, the actual risk of the floating assets is lowered, which could make current liabilities of enterprises stay at a relatively high level, but also relatively safe. Commercial Banks and small and medium-sized enterprises may actively promote their liquid assets financing business by use of the financial products in the supply chain.

  5. Model for equipment life-cycle cost forecasting and its application in assets management in the oil industry; Modelo para previsao de custo de ciclo de vida de equipamentos e sua aplicacao na gestao de ativos na industria do petroleo

    Energy Technology Data Exchange (ETDEWEB)

    Cesca, Igor Gimenes; Elias Junior, Antonio; Carvalho, Marcos Henrique [Universidade Estadual de Campinas (DEP/FEM/UNICAMP), SP (Brazil). Dept. de Engenharia de Petroleo; Lima, Gabriel Alves da Costa [Centro de Estudos de Petroleo (CEPETRO/UNICAMP), SP (Brazil)

    2012-07-01

    In the area of oil exploration and production (E and P), knowing the behavior of the equipment in their life cycles becomes even more important than in other industries due to: 1) high cost and 2) severity in terms of requirements safety. The purchase of equipment should not be decided only at the initial cost, but through the life cycle cost (LCC). This paper presents a study to find the cost over the life cycle of a group of equipment used in the petroleum industry by methods of dynamic programming, as well as a discussion on how to use such information in assets management in order to obtain better financial indicators. The main causes of variation in the useful economic life of equipment is the resale value and maintenance costs. Thus, it is possible to avoid high expenditure on maintenance costs and avoid an excessive depreciation of the equipment. So it is possible to conclude that the more intense the depreciation of value, the greater the useful economic life. For maintenance costs, the more intense are the costs, the lower the useful economic life. (author)

  6. 风险预算与资产配置在投资组合管理中的应用%Risk Budgeting and Asset Allocation in Portfolio Management

    Institute of Scientific and Technical Information of China (English)

    王海; 韩伯棠

    2011-01-01

    本文介绍了风险预算的发展、基本原理和一般流程.提出多因素模型可以作为一个可行的方法来实现风险分解,为投资者在组合管理实务中提供理论支持与技术保障,这是风险预算的重要步骤.同时,探讨了资产配置与风险预算的不同之处与关联性.%Risk budgeting is a new approach for portfolio management. This paper reviews the development of risk budgeting theory, explains the fundamental principles, and describes the essential process. Particularly, multi-factor model is presented as a feasible way to implement risk decomposition, which is a vital step in risk budgeting. Meanwhile, it probes into the difference between asset allocation and risk budgeting, and shows their correlation as well.

  7. 基于互联网票据理财谈商业银行票据资管%Commercial Bank's Bill Asset Management Based on Internet Bill Financing

    Institute of Scientific and Technical Information of China (English)

    艾瑶

    2015-01-01

    本文运用比较分析的方法对当前主要的互联网票据理财平台的运作模式归纳总结,并以阿里招财宝为例详细分析银行角色和风险,最后从票据电子化、发挥银行票源优势、组建银行系票据理财平台等方面提出建议,以期对商业银行的票据资产管理业务提供启发.%In this paper, we use the method of comparative analysis to summarize the operation mode of the main Internet bills financing platforms, and analyze the role and risk of the bank in detail by taking Ali trick treasure as an example. Finally, the paper puts forward suggestions on Commercial bank's bill asset management from the aspects of the electronic bills, the bank's ticket source and the formation of Bank bill financing platform.

  8. Space assets for demining assistance

    Science.gov (United States)

    Kruijff, Michiel; Eriksson, Daniel; Bouvet, Thomas; Griffiths, Alexander; Craig, Matthew; Sahli, Hichem; González-Rosón, Fernando Valcarce; Willekens, Philippe; Ginati, Amnon

    2013-02-01

    Populations emerging from armed conflicts often remain threatened by landmines and explosive remnants of war. The international mine action community is concerned with the relief of this threat. The Space Assets for Demining Assistance (SADA) undertaking is a set of activities that aim at developing new services to improve the socio-economic impact of mine action activities, primarily focused on the release of land thought to be contaminated, a process described as land release. SADA was originally initiated by the International Astronautical Federation (IAF). It has been implemented under the Integrated Applications Promotion (IAP) program of the European Space Agency (ESA). Land release in mine action is the process whereby the demining community identifies, surveys and prioritizes suspected hazardous areas for more detailed investigation, which eventually results in the clearance of landmines and other explosives, thereby releasing land to the local population. SADA has a broad scope, covering activities, such as planning (risk and impact analysis, prioritization, and resource management), field operations and reporting. SADA services are developed in two phases: feasibility studies followed by demonstration projects. Three parallel feasibility studies have been performed. They aimed at defining an integrated set of space enabled services to support the land release process in mine action, and at analyzing their added value, viability and sustainability. The needs of the mine action sector have been assessed and the potential contribution of space assets has been identified. Support services have been formulated. To test their fieldability, proofs of concept involving mine action end users in various operational field settings have been performed by each of the study teams. The economic viability has also been assessed. Whenever relevant and cost-effective, SADA aims at integrating Earth observation data, GNSS navigation and SatCom technologies with existing

  9. Risk Exposure and Net Flow in Investment Funds: Do Shareholders Monitor Asset Allocation?

    Directory of Open Access Journals (Sweden)

    Rafael Felipe Schiozer

    2014-03-01

    Full Text Available This study investigates the impact of asset allocation on the net flow of fixed income funds in the Brazilian market, by exploiting the exogenous variation in the risk perception of bank liabilities (CDs caused by the financial turmoil that followed Lehman Brothers’ demise in September 2008. The central hypothesis is that the exposure to assets negatively affected by the crisis impacts negatively the fund’s net flow. We find that, for mutual funds, the larger proportion of assets negatively affected by the crisis the larger the net outflow of resources, indicating that shareholders monitor asset allocation and exert disciplining power on fund managers by withdrawing their resources. In exclusive (fundos exclusivos, i.e., funds with a single shareholder, for which the shareholder is presumed to exert more influence on asset reallocation, we find no significant relationship between the exposure to assets negatively affected by the crisis and net flows.

  10. Saving-Based Asset Pricing

    DEFF Research Database (Denmark)

    Dreyer, Johannes Kabderian; Schneider, Johannes; T. Smith, William

    2013-01-01

    This paper explores the implications of a novel class of preferences for the behavior of asset prices. Following a suggestion by Marshall (1920), we entertain the possibility that people derive utility not only from consumption, but also from the very act of saving. These ‘‘saving-based’’ prefere......This paper explores the implications of a novel class of preferences for the behavior of asset prices. Following a suggestion by Marshall (1920), we entertain the possibility that people derive utility not only from consumption, but also from the very act of saving. These ‘‘saving...

  11. Tactical Asset Management or Financial Trauma?: Why the Abandonment of Buy-and-Hold May be a Symptom of Posttraumatic Stress

    Directory of Open Access Journals (Sweden)

    Bradley T Klontz

    2012-12-01

    Full Text Available

    The purpose of this study was to measure the psychological impact of the 2008 financial crisis on financial planners. Recent surveys of financial advisors have confirmed a fundamental shift away from strategic management in favor of tactical management, with planners reporting having had made on average 2.15 adjustments in the past 12 months to take advantage of market changes (FPA 2012 Trends in Investing Study, 2012, and 83% of financial planners planning to make at least one tactical adjustment within the next three months (Veres, 2012. This article explores the psychological impact of the 2008 financial crisis on financial planners, measuring symptoms of posttraumatic stress and related changes in belief systems as a result of the crisis. In the months following the 2008 crisis, 93% of the planners surveyed reported medium to high levels of posttraumatic stress. We hypothesize that while the acute psychological distress has diminished the cognitive changes have persisted and may ultimately put the financial health of clients at risk.

  12. The Existing Problems and Countermeasures of the Fixed Assets Management in Vocational College under the New Accounting System%新会计制度下高职院校固定资产管理存在的问题及对策探究

    Institute of Scientific and Technical Information of China (English)

    凌学军

    2014-01-01

    财政部于2012年12月19日修订发布了《事业单位会计制度》,新制度创新引入了固定资产折旧。但由于原有的固定资产的家底不清,这给高职院校的固定资产折旧的计提工作带来重重困难,因此,在对已有的固定资产进行清算工作的同时,加强固定资产管理和研究工作迫在眉睫。对新会计制度下高职院校固定资产管理存在的问题及原因进行分析,并提出一些可行性建议。%The Ministry of Finance revised and issued Public Institutions Accounting System on December 19 ,2012 ,the new sys-tem innovation introduced the depreciation of fixed assets.Therefore ,the unclearness of the original fixed assets financial brings a great many difficulties for the counting and drawing of the fixed assets in vocational colleges.So it is very urgent to clear the fixed assets ,meanwhile strengthen its management and research.In this paper ,we analyze the existing problems and causes of the fixed assets management in vocational colleges ,and put forward some feasible suggestions.

  13. STRATEGICAL APPROACHES TO THE RISK MENAGEMENT OF NON-VIALE BANKS' FUNCIONING AND DISTRESSED ASSETS SERVISING

    Directory of Open Access Journals (Sweden)

    V. Mishchenko

    2014-09-01

    Full Text Available It was researched conditions of non-viable banks appearance, was characterized modern approaches to non-viable banks and distressed assets management, was determined the strategical approaches to withdrawal non-viable banks from the market, was grounded risk-management mechanism in stress conditions as a result of systemic disbalances in banking system of Ukraine and risks of non-viable banks functioning and distressed assets management.

  14. Strategic Asset Seeking by EMNEs

    DEFF Research Database (Denmark)

    Petersen, Bent; Seifert, Jr., Rene E.

    2014-01-01

    Purpose: The chapter provides an economic explanation and perspectivation of strategic asset seeking of multinational enterprises from emerging economies (EMNEs) as a prominent feature of today’s global economy. Approach: The authors apply and extend the “springboard perspective.” This perspectiv...

  15. Experimental Research On Asset Pricing

    NARCIS (Netherlands)

    Noussair, C.N.; Tucker, S.

    2013-01-01

    Abstract This paper selectively surveys some of the more prominent laboratory experimental studies on asset market behavior. The strands of literature considered are market microstructure, pari-mutuel betting markets, characteristics of participants, the effect of information release, and studies of

  16. Covered bonds vs. assets securitization

    OpenAIRE

    Silviu Eduard DINCĂ

    2014-01-01

    During the past few years, in the recent post-crisis global banking and capital markets context, financial institutions around the globe are exploring new options to better secure their financing and refinancing demands. We will exhibit herewith a comparison between covered bonds and asset securitizations as financial markets-based funding techniques, highlighting certain key structuring and implementation specifics on each of them.

  17. The economics of asset securitization

    OpenAIRE

    Ronel Elul

    2005-01-01

    Ronel Elul explains why asset-backed securities exist and discusses some reasons for their common structure. Elul notes that despite well-developed theories on the what and why of securitization, more research is needed. In particular, additional research could uncover the effect that government regulation and bankruptcy law have on securitization.

  18. Racial and ethnic differences in wealth and asset choices.

    Science.gov (United States)

    Choudhury, S

    White households in the United States are far wealthier than black or Hispanic households, a disparity that remains unexplained even after taking into account income and demographic factors. This article uses data from the Health and Retirement Study to examine various components of aggregate wealth, including housing equity, nonhousing equity, financial assets in general, and risky assets in particular. It inspects asset choices by race and ethnicity and assesses whether differences in saving behavior--and, consequently, in rates of return on assets--are possible sources of the wealth gap. It also demonstrates the equalizing effect of pension wealth and Social Security wealth on total wealth. Racial and ethnic differences in housing equity narrow among households in the higher income quartiles, whereas differences in nonhousing equity generally widen as income increases. The widening gap in nonhousing equity stems from differences in financial asset holdings, particularly risky assets. At every income quartile and educational level, the percentage of black and Hispanic households that own risky, higher-yielding assets in considerably smaller than the percentage of white households. Thus, some of the wealth gap appears to be attributable to differences in saving behavior. Understanding how people save--in particular, knowing whether certain people will be more vulnerable financially because of their saving choices--helps policymakers assess older Americans' financial preparedness for retirement and anticipate their economic well-being thereafter. Lower rates of investment in the financial market will probably result in slower wealth creation in minority households. Recognizing this, some organizations are trying to open opportunities for minority households to invest in the financial market. This is a positive step toward narrowing the wealth divide. Such efforts will become even more critical if Social Security reform places increased responsibility on individuals

  19. Financial Assets'Fair Value Measurement and Earnings Management---An Empirical Analysis Based on 2007-2010 A-share companies%金融资产公允价值计量与盈余管理关系研究--基于2007-2010年上市公司的经验证据

    Institute of Scientific and Technical Information of China (English)

    李梦雪

    2014-01-01

    This paper has taken the companies which have the changes in fair value in 2007-1010 years' annual report as a sample, and tests the relationship between investment income of financial assets and earnings management. It shows that: The listed companies use the time of selling investment income to conduct earnings management. But relative to the tradable financial assets, managers prefer to use the available for sale financial assets for earnings management. Based on the above research results, it is recommended that the two types of assets are identified as the fair value of the changes in the current profits and losses, timely and transparent table outside information disclosure.%本文以2007-2010年年报中有金融资产公允价值变动的上市公司为样本,检验了金融资产已实现收益与上市公司盈余管理关系。研究发现,上市公司均通过出售时机的选择对交易性金融资产和可供出售金融资产已实现收益进行了盈余管理,但是相对于交易性金融资产,管理者更倾向于通过可供出售金融资产进行盈余管理。基于上述研究结果,建议两类资产的公允价值变动均确认为当期损益,并对其进行及时、透明的表外信息披露。

  20. Prediction of future asset prices

    Science.gov (United States)

    Seong, Ng Yew; Hin, Pooi Ah; Ching, Soo Huei

    2014-12-01

    This paper attempts to incorporate trading volumes as an additional predictor for predicting asset prices. Denoting r(t) as the vector consisting of the time-t values of the trading volume and price of a given asset, we model the time-(t+1) asset price to be dependent on the present and l-1 past values r(t), r(t-1), ....., r(t-1+1) via a conditional distribution which is derived from a (2l+1)-dimensional power-normal distribution. A prediction interval based on the 100(α/2)% and 100(1-α/2)% points of the conditional distribution is then obtained. By examining the average lengths of the prediction intervals found by using the composite indices of the Malaysia stock market for the period 2008 to 2013, we found that the value 2 appears to be a good choice for l. With the omission of the trading volume in the vector r(t), the corresponding prediction interval exhibits a slightly longer average length, showing that it might be desirable to keep trading volume as a predictor. From the above conditional distribution, the probability that the time-(t+1) asset price will be larger than the time-t asset price is next computed. When the probability differs from 0 (or 1) by less than 0.03, the observed time-(t+1) increase in price tends to be negative (or positive). Thus the above probability has a good potential of being used as a market indicator in technical analysis.

  1. Problems of intangible assets commercialization accounting

    Directory of Open Access Journals (Sweden)

    S.F. Legenchyk

    2016-03-01

    Full Text Available The growing role of intangible assets in conditions of global economy postindustrialization is grounded. The problems of intangible assets accounting are singled out. The basic tasks of the intangible assets accounting commercialization process are determined. The difference between the commercialization of intellectual property and intangible assets is considered. The basic approaches to understanding the essence of the intangible assets commercialization are singled out and grounded. The basic forms and methods of intangible assets commercialization researched by the author are analyzed. The order of accounting reflection of licensee royalties is considered. The factors of influence on the accounting process of intangible assets commercialization are determined. The necessity of solving the problem of accounting of lease payments for computer program by providing access to SaaS environment is grounded. The prospects of further studies of intangible assets accounting commercialization are determined.

  2. Intellectual Capital and Intangible Assets Analysis and Valuation

    Directory of Open Access Journals (Sweden)

    Ion Anghel

    2008-03-01

    Full Text Available Today the intellectual capital is a key factor in company’s profitability. Two major forces have driven the high performance workplace over the past two decades: globalization and increasing in technological changes. In this environment, the intellectual capital and intangible assets is fundamental to success. In the new economic competition, knowledge assets provide a sustainable competitive advantage. The measurement is fundamental to support management decision in allocation investment and investor’s decision regarding the value versus price. In our research we consider a group of Romanian listed companies on Bucharest Stock Exchange and analyze the importance of intangible value into the total market value of the equity. From accounting point of view the importance of intangible assets is very low but from the market evidence was indicated 47% importance of intangible value in total market value for the Romanian listed companies.

  3. Optimal Investment Strategy for Risky Assets

    OpenAIRE

    Sergei Maslov; Yi-Cheng Zhang

    1998-01-01

    We design an optimal strategy for investment in a portfolio of assets subject to a multiplicative Brownian motion. The strategy provides the maximal typical long-term growth rate of investor's capital. We determine the optimal fraction of capital that an investor should keep in risky assets as well as weights of different assets in an optimal portfolio. In this approach both average return and volatility of an asset are relevant indicators determining its optimal weight. Our results are parti...

  4. Intangible Assets Valuation in the Hospitality Industry

    OpenAIRE

    Du, Ruixue

    2013-01-01

    Market value of firms and book value of firms are rarely the same. The difference, which is attributed to unrecorded or unrecognized intangible assets, has increased significantly since the 1970s. The issue of appropriately valuing these intangible assets, however, still remains unresolved. The purpose of this study is to address this lack of understanding of valuing intangible assets in the hospitality industry. Five intangible asset investments: Research and Development, Training, Advertisi...

  5. Asset market hangovers and economic growth

    OpenAIRE

    Matthew Higgins; Carol Osler

    1997-01-01

    During the early 1990s, asset prices and investment were unusually weak throughout the industrial world. This paper highlights this stylized fact, and connects it with another: in most of the industrial world, asset markets boomed for several years before collapsing around 1989. The paper suggests that the sluggish asset markets and investment growth of the early 1990s may represent, in part, symptoms of an "asset market hangover," that is, the lingering effects on real activity of collapsing...

  6. 所有权结构、长期资产减值与盈余管理--来自中国上市公司的经验证据%oWNERSHIP STRUCTURE,IMPAIRMENT oF LoNG-TERM ASSETS AND EARNINGS MANAGEMENT---Evidence from the Chinese listed companies

    Institute of Scientific and Technical Information of China (English)

    王锴; 李秋宇

    2014-01-01

    The paper analyzes the causes of earnings management,listed companies seeking the logic of earn-ings management by using asset impairment criteria from a perspective of agency theory. It analyzes the differ-ences between state-owned enterprises and private enterprises in implementing guidelines for asset impairment in combination with our unique ownership structure of capital markets and proposes two hypotheses. H1:after the promulgation of the new guidelines,the application of long-term assets is still affected by the criteria of earnings management motivation;H2:differences in ownership structure result in differences when listed com-panies use long-term assets impairment criteria. Empirical research has been conducted to test the two hypoth-eses with data of 2007-2009 Shanghai and Shenzhen A-share listed companies as samples. The empirical re-sults show that from 2007 to 2009,China’s listed companies still managed their earnings by using asset im-pairment,making use of provision for long-term impairment of assets;resell long-term impairment assets so as to realize earnings management motivation such as reversing losses. Differences in ownership structure also have an impact on the execution of corporate guidelines. State-owned enterprises are less efficient than private enterprises in reselling impaired long-term assets for earnings management.%从代理理论的角度分析了盈余管理产生的原因、上市公司利用资产减值准则寻求盈余管理的逻辑关系,结合我国资本市场特有的所有权结构,分析了国有企业和民营企业执行资产减值准则时的区别所在及其根源,并提出两个假设。H1新准则颁布后,长期资产减值准则的应用仍然受盈余管理动机的影响;H2所有权结构的差异,导致上市公司利用长期资产减值准则时有差异。为检验这两个假设,以沪深A股上市公司2007-2009年数据为样本进行了实证研究。实证结果表明:2007-2009年

  7. Asset Identification for Security Risk Assessment in Web Applications

    Directory of Open Access Journals (Sweden)

    Hisham M. Haddad

    2009-12-01

    Full Text Available As software applications become more complex they require more security, allowing them to reach an appropriate level of quality to manage information, and therefore achieving business objectives. Web applications represent one segment of software industry where security risk assessment is essential. Web engineering must address new challenges to provide new techniques and tools that guarantee high quality application development. This work focuses asset identification, the initial step in security risk assessment for web applications. Risk assessment helps organizations determine security risks in information management systems. The formal approach to identifying information assets for risk assessment is investigated using the MAGERIT methodology and EBIOS method. This work is carried out at Sim?n Bolivar University (Venezuela for its Student Opinion Survey Coordination web-based application. Under this research, a methodological tool for asset identification was developed to help the University achieve security risk assessment. Assets are identified according to their priorities in the organizational environment. This work contributes to Web Engineering in general, and to Information Security Management with emphasis on security risk assessment.

  8. 12 CFR 560.160 - Asset classification.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Asset classification. 560.160 Section 560.160... Lending and Investment Provisions Applicable to all Savings Associations § 560.160 Asset classification... consistent with, or reconcilable to, the asset classification system used by OTS in its Thrift...

  9. Assets and Educational Achievement: Theory and Evidence

    Science.gov (United States)

    Elliott, William; Sherraden, Michael

    2013-01-01

    This special issue of Economics of Education Review explores the role of savings and asset holding in post-secondary educational achievement. Most college success research has focused on income rather than assets as a predictor, and most college financing policy has focused on tuition support and educational debt, rather than asset accumulation.…

  10. Intelligent tactical asset allocation support system

    NARCIS (Netherlands)

    Hiemstra, Y.

    1995-01-01

    This paper presents an advanced support system for Tactical Asset Allocation. Asset allocation explains over 90% of portfolio performance (Brinson, Hood and Beebower, 1988). Tactical asset allocation adjusts a strategic portfolio on the basis of short term market outlooks. The system includes apredi

  11. Protecting high value assets in transit

    International Nuclear Information System (INIS)

    This paper reports that one of the most daunting tasks facing a security manager is how to protect classified or high value assets such as nuclear materials in transit, especially when the shipment is to be handled by a commercial carrier. There are many opportunities for an adversary to gain access to cargo shipments en route, including situations in which the cargo must be held in storage for weeks or even months. Standard commercial alarm systems are not suitable for use in containers subject to vibration or high and low temperature extremes, or situations in which national assets might be used to gain surreptitious access to the container and to defeat the alarm system. A new alarm monitoring system has been developed to provide a secure auditing system for use in rail cars, Conex containers, and other transportable containers. The system, referred to as the PEL-100, electronically supervises intrusion detection sensors mounted on or within a container, and records all intrusion attempts in a secure, solid state memory storage device. The security archive can be withdrawn and reviewed after the container has completed its travels, and will provide a complete audit trail of intrusion attempts in transit. The PEL-100 includes one of the most comprehensive security tamper systems ever fielded, and is intended to operate reliably and securely in an environment subject to vibration, EMI/RFI emissions, electronic spoofing, and physical manipulation. The unit provides a clear and unambiguous indication of tampering and includes a comprehensive internal security system to detect insider tampering

  12. 基于机构知识库的数字资产管理框架与实现%A Framework of Digital Knowledge Asset Management Based on Institutional Repository and Its Implementation

    Institute of Scientific and Technical Information of China (English)

    祝忠明; 张冬荣; 张晓林; 李麟

    2013-01-01

    机构知识库是实现机构知识资产管理的平台和机制,政策驱动机制和技术平台建设是机构知识库建设和发展的主要支撑,本文主要讨论以机构知识库方式实现数字科研数字资产管理的基本框架和实践。以中国科学院研究所机构知识库建设为例,文章探讨了机构知识库政策框架建设、技术平台功能服务体系的设计与构建等实践问题,并简要介绍了中国科学院研究所机构知识库建设的进展及其实施效果。%Institutional repository is a kind of a mechanism of and a platform for implementing institutional knowledge asset management. Developing policy-driven mechanism and technology infrastructure are essentials for building a successful institutional repository. Taking the deployment of institutional repositories in Chinese Academy of Sciences as an example, this paper discusses the issues in drafting repository policy framework and designing and implementing functions and services of an institutional repository. An overview of current deployment state of institutional repositories across Chinese Academy of Sciences is also presented.

  13. Neighborhood Assets and Adolescent Adjustment

    Directory of Open Access Journals (Sweden)

    Alfredo Oliva Delgado

    2011-12-01

    Full Text Available This paper presents the results of a study analyzing the relationship between some dimensions or developmental assets in the neighborhood, as measured by the Scale for the Assessment of Developmental Assets in the Neighborhood, and adjustment and life satisfaction of adolescent boys and girls. The sample consisted of 2400 adolescents (1068 boys and 1332 girls between ages 12 and 17 who were secondary students in public and private schools in Western Andalusia. The results showed significant relationships between most dimensions of the scale (youth empowerment, attachment to neighbourhood safety and social control and internalizing and externalizing problems, substance use and life satisfaction of participants. Moreover, the data provide evidence about the external validity of the scale used in the study. From the results some suggestions for intervention in the community environment are extracted.

  14. Security: a supranational legal asset

    Directory of Open Access Journals (Sweden)

    Manuel Monteiro Guedes Valente

    2012-01-01

    Full Text Available This paper discusses the concept of security as a manysided, multifunctional and multilevel regulation topology which requires its several actors to view legal assets from a polygonal perspective worthy of legal protection from local to global and from global to local space. The concept of security as a supranational legal asset requires criminal legislation which defines the principles of criminal policy and the intervention of criminal Law, barriers to security trends and to the attempt to enhance the principle of presumed hazard as a basis for criminal intervention. We contend that the obstacle to "human self-objectification" in the global polygon is a (new world legal order as humanity's future balance.

  15. Cost minimization and asset pricing

    OpenAIRE

    Chambers, Robert G.; John Quiggin

    2005-01-01

    A cost-based approach to asset-pricing equilibrium relationships is developed. A cost function induces a stochastic discount factor (pricing kernel) that is a function of random output, prices, and capital stockt. By eliminating opportunities for arbitrage between financial markets and the production technology, firms minimize the current cost of future consumption. The first-order conditions for this cost minimization problem generate the stochastic discount factor. The cost-based approach i...

  16. Path Integral and Asset Pricing

    OpenAIRE

    Zura Kakushadze

    2014-01-01

    We give a pragmatic/pedagogical discussion of using Euclidean path integral in asset pricing. We then illustrate the path integral approach on short-rate models. By understanding the change of path integral measure in the Vasicek/Hull-White model, we can apply the same techniques to "less-tractable" models such as the Black-Karasinski model. We give explicit formulas for computing the bond pricing function in such models in the analog of quantum mechanical "semiclassical" approximation. We al...

  17. Debt Financing in Asset Markets

    OpenAIRE

    Zhiguo He; Wei Xiong

    2012-01-01

    We study rollover risk and collateral value in a dynamic asset pricing model with endogenous debt financing by extending the framework of Geanakoplos (2009) with a generic binomial tree and time-varying heterogeneous beliefs. Optimistic borrowers face rollover risk if the belief dispersion between the borrowers and the pessimistic lenders widens after interim bad news. We demonstrate the optimality of the maximum riskless short-term debt financing for optimistic borrowers even in the presence...

  18. INNOVATION AMONG INTANGIBLE ASSETS (IA

    Directory of Open Access Journals (Sweden)

    Paula - Angela VIDRAȘCU

    2015-04-01

    Full Text Available The purpose of this article is to highlight the existence and importance of innovation present among intangible assets. In the new economy, the knowledge society, innovation is one of the most commonly used terms, along with globalization and sustainable development. This study has an important role in both the short and long term, through proper understanding of the terms of innovation, intangible assets and strategy. The primary purpose of this article is played by understanding and easy identification of innovation amongst those assets above. Most recent studies highlight the idea that can be identified more indirect benefits of innovation. These can be listed as follows: improving the image, better customer loyalty, and ability to attract new ones. This research was focused on the advice of the Executive Directors given by the study of the year 2011 from PricewaterhouseCoopers, on innovation as a means of running the enterprise and also throughout this study we have been highlighted misconceptions related innovation and last but not least the study conducted during 2001 - 2004 by the Romanian Government in order to place a strategic priority Scientific Research.

  19. THE IMPORTANCE OF INTAGIBILE ASSETS FOR TOURISTIC`S ENTERPRISE IN THE PERSPECTIVE OF GLOBALIZATION

    Directory of Open Access Journals (Sweden)

    Maja DJUKIC

    2009-12-01

    Full Text Available In time of globalization very important role in touristic enterprise have intangible assets: human capital, information capital and organization capital. Intangible assets, especially human resources drive long-term value creation. So human resources are generally accepted as being strategically important. The main management problem is being able to make alignment of intangible assets and organization's strategy. The tools which management in tourism enterprise can use for this purpose are balanced score card and strategy map, which will be explained in this article.

  20. 我国高科技上市公司无形资产现状令人担忧%The Warrying Situation of Intangible Assets of Listed High Technology Companies of China

    Institute of Scientific and Technical Information of China (English)

    梁莱歆

    2003-01-01

    The intangible asset is an important one for exist and development of High-tech enterprises. This paper based on the annual financial report of listed companies in 2001, disclosed and analyzed the intangible assets' level and its proportion in total assets. Making statistical analysis on the spreading of intangible assets and its structure by statistical target such as average and standard deviation. Point out the chief problems in present situation of intangible assets. Thinking that the enterprises should change idea and strengthen the management of intangible asset by improves evaluation method of intangible asset, setting up the periodic evaluation system and benefit evaluation system.

  1. Managing your assets in the publication economy

    Directory of Open Access Journals (Sweden)

    Ulf Kronman

    2013-03-01

    Full Text Available The issue this article aims to address is the fact that publications may nowadays be used to assess impact and quality of research in ways academics may not be fully aware of. During recent years, scholarly publications have gained in importance, not primarily as the traditional vehicle for the dissemination of new scientific findings, but as a foundation for assessing the production and impact of organizations, research groups and individual researchers. This means that publications as artefacts per se are starting to play a new important role in the scientific community and that researchers need to be aware of how publication and citation counts are being used to assess their research and the outreach, impact and reputation of their mother organization. University rankings, for instance, often have some parameters based on the publishing of the ranked institution. This article is thus not about scientific writing as such; it focuses on what happens to your publication after the publishing has taken place and on aspects to take into account while planning the publishing of your article, report or book.

  2. Implementation of ASSET concept in India

    International Nuclear Information System (INIS)

    The paper presents a retrospective assessment of the use of ASSET methodology in India since the first ASSET seminary organized by IAEA in collaboration with the Atomic Energy Regulatory Board, India (AERB) in May, 1994. The first ASSET seminar was organized to initiate the spread of idea among operating and research organizations and regulatory body personnel. The participants were carefully chosen from various fields and with different levels of experiences to generate teams with sufficiently wide spectrum of knowledge base. AERB took initiative in leading by example and formed ASSET teams to carry out the first ASSET reviews in India. These teams at the instance of AERB carried out ASSET review of three Safety Related Events, two at Nuclear Power Plants and one at Research Reactor. This paper describes the outcome of these ASSET studies and subsequent implementation of the recommendations. The initiative taken by the regulatory body has led to formation of ASSET teams by the utilities to carry out ASSET study on their own. The results of these studies are yet to be assessed by the regulatory body. The result of the ASSET experience reveals the fact that it has further potential in improving the safety performance and safety culture and brining in fresh enthusiasm among safety professionals of Indian Nuclear Utilities

  3. The effects of asset securitization on sustainability & profitability of microfinance institutions in Ghana

    Directory of Open Access Journals (Sweden)

    Daniel Quacoe

    2015-08-01

    Full Text Available Asset Securitization is a process that involves repackaging portfolios of cash-flow-producing financial instruments into securities or tradable capital market instruments for transfer to investors. There have been a number of studies on asset securitization and microfinance but most of these studies did not focus on the effects of asset securitization on sustainability and profitability of microfinance institutions. These studies were conducted in developed economies and little has been done in Africa and for that matter Ghana. This study therefore sought to explore the effects of asset securitization on sustainability and profitability of MFIs in Ghana knowing the important role they play in the Ghanaian economy. The objectives were to determine whether asset securitization is being practiced in Ghana, to determine whether asset securitization will improve the sustainability and profitability of microfinance institutions (MFI’s as well as challenges that may arise. As a qualitative research, the case study approach was employed in the research design. Questionnaires were administered to a sample size of 200 respondents from a population of 517 who were drawn from the management and staff of five microfinance companies selected through convenience and purposeful sampling techniques. The findings are that asset securitization in microfinance is currently not being practiced in Ghana but if implemented, it will have a positive effect on the sustainability and profitability of microfinance companies in Ghana. The study identified some challenges that microfinance institutions may face in the introduction of asset securitization in Ghana.

  4. Retrading, production, and asset market performance.

    Science.gov (United States)

    Gjerstad, Steven D; Porter, David; Smith, Vernon L; Winn, Abel

    2015-11-24

    Prior studies have shown that traders quickly converge to the price-quantity equilibrium in markets for goods that are immediately consumed, but they produce speculative price bubbles in resalable asset markets. We present a stock-flow model of durable assets in which the existing stock of assets is subject to depreciation and producers may produce additional units of the asset. In our laboratory experiments inexperienced consumers who can resell their units disregard the consumption value of the assets and compete vigorously with producers, depressing prices and production. Consumers who have first participated in experiments without resale learn to heed their consumption values and, when they are given the option to resell, trade at equilibrium prices. Reproducibility is therefore the most natural and most effective treatment for suppression of bubbles in asset market experiments. PMID:26553991

  5. Retrading, production, and asset market performance.

    Science.gov (United States)

    Gjerstad, Steven D; Porter, David; Smith, Vernon L; Winn, Abel

    2015-11-24

    Prior studies have shown that traders quickly converge to the price-quantity equilibrium in markets for goods that are immediately consumed, but they produce speculative price bubbles in resalable asset markets. We present a stock-flow model of durable assets in which the existing stock of assets is subject to depreciation and producers may produce additional units of the asset. In our laboratory experiments inexperienced consumers who can resell their units disregard the consumption value of the assets and compete vigorously with producers, depressing prices and production. Consumers who have first participated in experiments without resale learn to heed their consumption values and, when they are given the option to resell, trade at equilibrium prices. Reproducibility is therefore the most natural and most effective treatment for suppression of bubbles in asset market experiments.

  6. Retrading, production, and asset market performance

    Science.gov (United States)

    Gjerstad, Steven D.; Porter, David; Smith, Vernon L.; Winn, Abel

    2015-01-01

    Prior studies have shown that traders quickly converge to the price–quantity equilibrium in markets for goods that are immediately consumed, but they produce speculative price bubbles in resalable asset markets. We present a stock-flow model of durable assets in which the existing stock of assets is subject to depreciation and producers may produce additional units of the asset. In our laboratory experiments inexperienced consumers who can resell their units disregard the consumption value of the assets and compete vigorously with producers, depressing prices and production. Consumers who have first participated in experiments without resale learn to heed their consumption values and, when they are given the option to resell, trade at equilibrium prices. Reproducibility is therefore the most natural and most effective treatment for suppression of bubbles in asset market experiments. PMID:26553991

  7. Aggregate Implications of Micro Asset Market Segmentation

    OpenAIRE

    Chris Edmond; Pierre-Olivier Weill

    2011-01-01

    This paper develops a consumption-based asset pricing model to explain and quantify the aggregate implications of a frictional financial system, comprised of many financial markets partially integrated with one another. Each of our micro financial market's is inhabited by traders who are specialized in that markets type of asset. We specify exogenously the level of segmentation that ultimately determines how much idiosyncratic risk traders bear in their micro market and derive aggregate asset...

  8. Improvement to Biological Assets Valuation Documentation

    OpenAIRE

    Evgeniya Popko

    2013-01-01

    The article deals with the improvement concerning the documentation on the valuation of an agricultural enterprise's biological assets. The objective of the paper is to substantiate the need for the new forms of primary documents for valuation of biological assets at fair value. Based on existing specialized forms of primary documents for long-term and current biological assets accounting it has been found that they do not fully meet the farmers requirements. To eliminate the deficit of the a...

  9. Asset Price Fluctuation and Price Indices

    OpenAIRE

    Shiratsuka, Shigenori

    1999-01-01

    Since the late 1980s, the Japanese economy has experienced tremendous rise and fall of asset prices and large fluctuations of real economic activity, while the general price level has remained relatively stable. Such developments have raised the question of whether monetary policy should target asset prices rather than conventional price indices. This paper focuses on how to make use of information inherent with asset price fluctuations in the monetary policy judgment. To this end, it investi...

  10. Modeling the strategic trading of electricity assets

    OpenAIRE

    Oliveira, Fernando de S.; Derek W. Bunn; London Business School

    2006-01-01

    We analyze how strategic asset trading can be used to gain competitive advantage. In the case of electricity markets, companies seek to improve the value of their generating portfolios by acquiring, or selling, power plants. Accordingly, we derive the basic determinants of plant value, explaining how a particular productive asset may have different values for different firms. From this, we develop an evolutionary model to understand how market structure interacts with strategic asset trading ...

  11. Are Asset Demand Functions Determined by CAPM?

    OpenAIRE

    Jeffrey A. Frankel; Dickens, William T.

    1983-01-01

    The Capital Asset Pricing Model (CAPH) says that the responsiveness of asset-demands to expected returns depends (inversely) on the variance-covariance matrix of returns, rather than being an arbitrary set of parameters.Previous tests of CAPM have usually computed covariances of returns around sample means, and then checked whether the riskier assets are those with the higher mean returns. We offer a new technique for testing CAPM. The technique requires the use of time series data on actual ...

  12. The Supply and Demand for Safe Assets

    OpenAIRE

    Gary B. Gorton; Guillermo Ordoñez

    2013-01-01

    There is a demand for safe assets, either government bonds or private substitutes, for use as collateral. Government bonds are safe assets, given the government's power to tax, but their supply is driven by fiscal considerations, and does not necessarily meet the private demand for safe assets. Unlike the government, the private sector cannot produce riskless collateral. When the private sector reaches its limit (the quality of private collateral), government bonds are net wealth, up to the g...

  13. Hedging with a correlated asset

    Science.gov (United States)

    Windcliff, H.; Wang, J.; Forsyth, P. A.; Vetzal, K. R.

    2007-03-01

    Hedging a contingent claim with an asset which is not perfectly correlated with the underlying asset results in unhedgeable residual risk. Even if the residual risk is considered diversifiable, the option writer is faced with the problem of uncertainty in the estimation of the drift rates of the underlying and the hedging instrument. If the residual risk is not considered diversifiable, then this risk can be priced using an actuarial standard deviation principle in infinitesimal time. In both cases, these models result in the same nonlinear partial differential equation (PDE). A fully implicit, monotone discretization method is developed for solution of this pricing PDE. This method is shown to converge to the viscosity solution. Certain grid conditions are required to guarantee monotonicity. An algorithm is derived which, given an initial grid, inserts a finite number of nodes in the grid to ensure that the monotonicity condition is satisfied. At each timestep, the nonlinear discretized algebraic equations are solved using an iterative algorithm, which is shown to be globally convergent. Monte Carlo hedging examples are given to illustrate the profit and loss distribution at the expiry of the option.

  14. Management Academy LANL Business Systems: Property Management, Course #31036

    Energy Technology Data Exchange (ETDEWEB)

    Shepherd, Michael J. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Rinke, Helen Mae [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Hanson, Todd [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Wolfe, Randy P. [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2016-07-08

    Los Alamos National Laboratory (LANL) is responsible for the efficient economical management of all government property in its stewardship. This training explains the role LANL managers have in managing, controlling, and disposing of government property. The Laboratory's goal is good asset management. By properly managing property across the facility, Laboratory managers can help ASM improve government property utilization and extend asset life, while reducing asset-related operating costs and expenditures.

  15. The Q theory of investment, the capital asset pricing model,and asset valuation: a synthesis

    Institute of Scientific and Technical Information of China (English)

    MCDONALDJohnF.

    2004-01-01

    The paper combines Tobin's Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real assets using the income approach. Applications of the new method are provided.

  16. Asset Identification for Security Risk Assessment in Web Applications

    OpenAIRE

    Hisham M. Haddad; Brunil D. Romero

    2009-01-01

    As software applications become more complex they require more security, allowing them to reach an appropriate level of quality to manage information, and therefore achieving business objectives. Web applications represent one segment of software industry where security risk assessment is essential. Web engineering must address new challenges to provide new techniques and tools that guarantee high quality application development. This work focuses asset identification, the initial step in sec...

  17. 利率风险控制视角下的商业银行资产负债优化管理研究%A Study on the Optimal Management of Commercial Banks’ Assets and Liabilities in the Perspective of Interest Rate Risk Control

    Institute of Scientific and Technical Information of China (English)

    郭传辉; 胡丽君

    2015-01-01

    In the background of deepening the reform of the financial market ,the market -oriented reform of interest rate as one of the important marketing content is gradually advancing ,and the effecting of inter‐est rate risk on financial institutions increased gradually .As an important objective of the commercial banks’ asset liability management ,risk control management is attached more and more importance .This paper aims to estimate short‐term future market interest rate changes simply and effectively ,mainly gets through the establishment of a VaR control reserved gap of asset liability portfolio optimization model based on using historical data ,and puts the application of examples to find the optimal solution of the allo‐cation of assets and liabilities of commercial banks w hich expects achieve the goal of the management of as‐sets and liabilities .%目前,利率市场化改革作为重要的市场化内容之一正在逐步推进,商业银行面临的利率风险逐步增大;商业银行资产负债优化管理以风险控制管理作为其重要目标,其重要性越来越得到重视。文章主要通过建立一个基于VaR控制预留缺口的资产负债组合优化模型,利用历史数据简单有效地估计短期未来市场利率的变化,并通过实例应用得出商业银行资产负债分配的最优方案从而达到资产负债管理的目标。

  18. PARTICULARITES AND VARIOS ACCOUTING WAYS OF FIXED ASSETS IN ACCORDANCE WITH RAS AND IAS

    Directory of Open Access Journals (Sweden)

    Azieva Z. I.

    2014-05-01

    Full Text Available This article concerns the peculiarities of accounting of fixed assets according to RAS and IAS, because of unnecessarily increasing of number of companies experiencing the need for the preparation of financial statements for the 2nd standards. Despite the fact that RAS in recent years have made significant progress in convergence with IFRS in terms of fixed assets accounting, but still has the inherent differences with IFRS. Some organizations are faced with additional costs for parallel accounting or reporting transformation. Understanding the fundamental differences between the RAS, in terms of the assets, will maximize reconcile accounting and management accounting with IFRS in the industry and reduce the costs

  19. The instrument of asset securitization on the basis of investment funds

    Directory of Open Access Journals (Sweden)

    O.S. Novak

    2015-03-01

    Full Text Available This article explores the instruments of asset securitization on the basis of investment funds According to the proposed national model of asset securitization on the basis of investment funds developed the financial instruments, which provide its implementation. Depending on the opportunities the payment management proposed to service the operations of asset securitization by investment certificates with replenishment and without the possibility of replenishment. The use of financial instruments without the possibility of replenishment envisages a simple and low-cost operation of redirecting funds from the originator to the investors in the form of investment income by certification of securitization fund. The instruments with replenishment allow not only to redirect payments for operations of assets securitization, but also to manage them in order to minimize risks.

  20. 76 FR 78594 - Reporting of Specified Foreign Financial Assets

    Science.gov (United States)

    2011-12-19

    ... Internal Revenue Service 26 CFR Part 1 RIN 1545-BJ69 Reporting of Specified Foreign Financial Assets AGENCY... foreign financial assets (other than assets excepted from reporting as provided in Sec. 1.6038D-7T) with... interest in specified foreign financial assets (other than assets excepted from reporting as provided...

  1. The asset pricing model of musharakah factors

    Science.gov (United States)

    Simon, Shahril; Omar, Mohd; Lazam, Norazliani Md

    2015-02-01

    The existing three-factor model developed by Fama and French for conventional investment was formulated based on risk-free rates element in which contradict with Shariah principles. We note that the underlying principles that govern Shariah investment were mutual risk and profit sharing between parties, the assurance of fairness for all and that transactions were based on an underlying asset. In addition, the three-factor model did not exclude stock that was not permissible by Shariah such as financial services based on riba (interest), gambling operator, manufacture or sale of non-halal products or related products and other activities deemed non-permissible according to Shariah. Our approach to construct the factor model for Shariah investment was based on the basic tenets of musharakah in tabulating the factors. We start by noting that Islamic stocks with similar characteristics should have similar returns and risks. This similarity between Islamic stocks was defined by the similarity of musharakah attributes such as business, management, profitability and capital. These attributes define factor exposures (or betas) to factors. The main takeaways were that musharakah attributes we chose had explain stock returns well in cross section and were significant in different market environments. The management factor seemed to be responsible for the general dynamics of the explanatory power.

  2. CNMC Made Great Break-throughs in Both Total Assets and Sales Revenue

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>Luo Tao, General Manager of China Nonferrous Metals Corporation (CNMC) indicated in a recent interview that, in 2011, CNMC’s business indicators grew robustly, with both of the total assets and sales revenue exceeding RMB 100 billion for the first time.Luo noted that, compared with the initial stage of the 11th Five-Year Plan period, CNMC’s total assets, sales revenue and total profit went up by 15 times, 20 times and 10 times respectively.

  3. Labor Unions and Asset Prices

    DEFF Research Database (Denmark)

    Busato, Francesco; Addessi, William

    The paper investigates the nexus between labor and financial markets, focusing on the interaction between labor union behavior in setting wages, firms' investment strategy and asset prices. The way unions set wage claims after observing firm's financial performance increases the volatility of firms......' returns and the riskiness of corporate ownership. To remunerate this higher volatility and stronger risk, firms' equities have to grant high return. This mechanism is able to offer an explanation of for the "equity puzzle", that is it can explain the difference between equity returns and the risk free...... rate. It is a welcome result that the simulated excess return is about the empirical estimate and this result is obtained with a logarithmic specification of the shareholders preferences....

  4. Cogema acquires TOTAL's uranium assets

    International Nuclear Information System (INIS)

    On April 28, France's nuclear fuel cycle conglomerate Cogema and petroleum group TOTAL announced a plan in which Cogema will assume ownership of TOTAL's uranium assets worldwide, and as part of the deal, each firm will acquire shares of the other. On June 2, the agreement will be submitted to shareholders and, assuming it is approved, will go into effect this year. The agreement calls for TOTAL to acquire a 10.8-percent share in Cogema, thus becoming its first private sector shareholder, by underwriting a reserve capital increase of FF1.5 billion (approximately US$283 million). In return, Cogema will pay FF2.52 billion for approximately 4.3 percent of TOTAL, as part of a reserve capital increase totalling FF4.07 billion

  5. CNOOC Acquires Oversea Assets Successfully

    Institute of Scientific and Technical Information of China (English)

    Hu Senlin

    2006-01-01

    @@ After last year CNOOC's bidding for buy the US energy company Unocal Corp lost out to the Chevron Corporation, it conducted the crossing-border asset-acquirement again in the beginning of this year. On Jan. 9, 2006,CNOOC Ltd signed a definitive agreement with Nigeria South Atlantic Petroleum Limited (SAPETRO) to acquire a 45 % working interest in an offshore oil developing license OML 130 in Nigeria for US$2.268 billion cash. The purchase will be funded by the internal capital resources of CNOOC Ltd. In which, US$1.75 billion will pay for buying SAPETRO, and the remaining cash will be used to pay for the early operation cost.

  6. 39 CFR 3060.12 - Asset allocation.

    Science.gov (United States)

    2010-07-01

    ... 39 Postal Service 1 2010-07-01 2010-07-01 false Asset allocation. 3060.12 Section 3060.12 Postal... COMPETITIVE PRODUCTS ENTERPRISE § 3060.12 Asset allocation. Within 6 months of January 23, 2009, and for each... competitive products enterprise using a method of allocation based on appropriate revenue or cost...

  7. Real options and asset valuation in competitive energy markets

    Science.gov (United States)

    Oduntan, Adekunle Richard

    The focus of this work is to develop a robust valuation framework for physical power assets operating in competitive markets such as peaking or mid-merit thermal power plants and baseload power plants. The goal is to develop a modeling framework that can be adapted to different energy assets with different types of operating flexibilities and technical constraints and which can be employed for various purposes such as capital budgeting, business planning, risk management and strategic bidding planning among others. The valuation framework must also be able to capture the reality of power market rules and opportunities, as well as technical constraints of different assets. The modeling framework developed conceptualizes operating flexibilities of power assets as "switching options' whereby the asset operator decides at every decision point whether to switch from one operating mode to another mutually exclusive mode, within the limits of the equipment constraints of the asset. As a current decision to switch operating modes may affect future operating flexibilities of the asset and hence cash flows, a dynamic optimization framework is employed. The developed framework accounts for the uncertain nature of key value drivers by representing them with appropriate stochastic processes. Specifically, the framework developed conceptualizes the operation of a power asset as a multi-stage decision making problem where the operator has to make a decision at every stage to alter operating mode given currently available information about key value drivers. The problem is then solved dynamically by decomposing it into a series of two-stage sub-problems according to Bellman's optimality principle. The solution algorithm employed is the Least Squares Monte Carlo (LSM) method. The developed valuation framework was adapted for a gas-fired thermal power plant, a peaking hydroelectric power plant and a baseload power plant. This work built on previously published real options valuation

  8. Demonstration and Validation Assets: User Manual Development

    Energy Technology Data Exchange (ETDEWEB)

    None

    2008-06-30

    This report documents the development of a database-supported user manual for DEMVAL assets in the NSTI area of operations and focuses on providing comprehensive user information on DEMVAL assets serving businesses with national security technology applications in southern New Mexico. The DEMVAL asset program is being developed as part of the NSPP, funded by both Department of Energy (DOE) and NNSA. This report describes the development of a comprehensive user manual system for delivering indexed DEMVAL asset information to be used in marketing and visibility materials and to NSTI clients, prospective clients, stakeholders, and any person or organization seeking it. The data about area DEMVAL asset providers are organized in an SQL database with updateable application structure that optimizes ease of access and customizes search ability for the user.

  9. Organizational information assets classification model and security architecture methodology

    Directory of Open Access Journals (Sweden)

    Mostafa Tamtaji

    2015-12-01

    Full Text Available Today's, Organizations are exposed with huge and diversity of information and information assets that are produced in different systems shuch as KMS, financial and accounting systems, official and industrial automation sysytems and so on and protection of these information is necessary. Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources that can be rapidly provisioned and released.several benefits of this model cuses that organization has a great trend to implementing Cloud computing. Maintaining and management of information security is the main challenges in developing and accepting of this model. In this paper, at first, according to "design science research methodology" and compatible with "design process at information systems research", a complete categorization of organizational assets, including 355 different types of information assets in 7 groups and 3 level, is presented to managers be able to plan corresponding security controls according to importance of each groups. Then, for directing of organization to architect it’s information security in cloud computing environment, appropriate methodology is presented. Presented cloud computing security architecture , resulted proposed methodology, and presented classification model according to Delphi method and expers comments discussed and verified.

  10. Online Monitoring of Plant Assets in the Nuclear Industry

    Energy Technology Data Exchange (ETDEWEB)

    Nancy Lybeck; Vivek Agarwal; Binh Pham; Richard Rusaw; Randy Bickford

    2013-10-01

    Today’s online monitoring technologies provide opportunities to perform predictive and proactive health management of assets within many different industries, in particular the defense and aerospace industries. The nuclear industry can leverage these technologies to enhance safety, productivity, and reliability of the aging fleet of existing nuclear power plants. The U.S. Department of Energy’s Light Water Reactor Sustainability Program is collaborating with the Electric Power Research Institute’s (EPRI’s) Long-Term Operations program to implement online monitoring in existing nuclear power plants. Proactive online monitoring in the nuclear industry is being explored using EPRI’s Fleet-Wide Prognostic and Health Management (FW-PHM) Suite software, a set of web-based diagnostic and prognostic tools and databases that serves as an integrated health monitoring architecture. This paper focuses on development of asset fault signatures used to assess the health status of generator step-up transformers and emergency diesel generators in nuclear power plants. Asset fault signatures describe the distinctive features based on technical examinations that can be used to detect a specific fault type. Fault signatures are developed based on the results of detailed technical research and on the knowledge and experience of technical experts. The Diagnostic Advisor of the FW-PHM Suite software matches developed fault signatures with operational data to provide early identification of critical faults and troubleshooting advice that could be used to distinguish between faults with similar symptoms. This research is important as it will support the automation of predictive online monitoring techniques in nuclear power plants to diagnose incipient faults, perform proactive maintenance, and estimate the remaining useful life of assets.

  11. Nuclear energy an asset for sustainable development

    International Nuclear Information System (INIS)

    The energy issue is now a worldwide concern. It is showed that nuclear energy combined with renewable energies are the only efficient response to face the challenge of climate warming by cutting drastically the emission of greenhouse gases in the electricity production. The second asset of nuclear energy is to be able to meet the growing need for electric power of developing countries. Energy conservation is a good thing to do in western countries but it is far to be sufficient. The success of France's nuclear energy program has enabled the country to be independent from other countries concerning its electricity production, to produce electricity at moderate and stable costs even on the long term, and to develop nuclear industry operators that are world leaders. According to the 28 june 2006 bill that clarifies the management of radioactive wastes, the disposal of high-level radioactive wastes in deep geological layers, will be put into service in 2025. The law has let the possibility of recovering the waste containers during a certain period after their burial if new solutions will have emerged. In the context of an expected renaissance of nuclear energy, the EPR (European Pressurized Reactor) is a valuable offer that must be developed. The construction of an EPR unit on the Flamanville site is necessary to perfect its design. (A.C.)

  12. The Differences Between Revaluation and Assets Impairment

    Directory of Open Access Journals (Sweden)

    BOBIȚAN Nicolae

    2013-05-01

    Full Text Available Impairment and revaluation are terms closely related to one another, with subtle differences. Revaluation and impairment both require the company to evaluate the assets for their fair value, and then take appropriate action in updating the accounting books. The major difference between the two is that a revaluation can be made upwards (to increase the value of the asset to market value or downwards (to ecrease the value. An impairment, on the other hand, only refers to one of the two, a fall in the market value which is then written down. The purpose of the paper is to establish what are the differences between revaluation and impairment of assets.

  13. Development of Mobile Mapping System for 3D Road Asset Inventory

    Science.gov (United States)

    Sairam, Nivedita; Nagarajan, Sudhagar; Ornitz, Scott

    2016-01-01

    Asset Management is an important component of an infrastructure project. A significant cost is involved in maintaining and updating the asset information. Data collection is the most time-consuming task in the development of an asset management system. In order to reduce the time and cost involved in data collection, this paper proposes a low cost Mobile Mapping System using an equipped laser scanner and cameras. First, the feasibility of low cost sensors for 3D asset inventory is discussed by deriving appropriate sensor models. Then, through calibration procedures, respective alignments of the laser scanner, cameras, Inertial Measurement Unit and GPS (Global Positioning System) antenna are determined. The efficiency of this Mobile Mapping System is experimented by mounting it on a truck and golf cart. By using derived sensor models, geo-referenced images and 3D point clouds are derived. After validating the quality of the derived data, the paper provides a framework to extract road assets both automatically and manually using techniques implementing RANSAC plane fitting and edge extraction algorithms. Then the scope of such extraction techniques along with a sample GIS (Geographic Information System) database structure for unified 3D asset inventory are discussed. PMID:26985897

  14. Development of Mobile Mapping System for 3D Road Asset Inventory.

    Science.gov (United States)

    Sairam, Nivedita; Nagarajan, Sudhagar; Ornitz, Scott

    2016-01-01

    Asset Management is an important component of an infrastructure project. A significant cost is involved in maintaining and updating the asset information. Data collection is the most time-consuming task in the development of an asset management system. In order to reduce the time and cost involved in data collection, this paper proposes a low cost Mobile Mapping System using an equipped laser scanner and cameras. First, the feasibility of low cost sensors for 3D asset inventory is discussed by deriving appropriate sensor models. Then, through calibration procedures, respective alignments of the laser scanner, cameras, Inertial Measurement Unit and GPS (Global Positioning System) antenna are determined. The efficiency of this Mobile Mapping System is experimented by mounting it on a truck and golf cart. By using derived sensor models, geo-referenced images and 3D point clouds are derived. After validating the quality of the derived data, the paper provides a framework to extract road assets both automatically and manually using techniques implementing RANSAC plane fitting and edge extraction algorithms. Then the scope of such extraction techniques along with a sample GIS (Geographic Information System) database structure for unified 3D asset inventory are discussed. PMID:26985897

  15. The strategic importance of identifying knowledge-based and intangible assets for generating value, competitiveness and innovation in sub-Saharan Africa

    Directory of Open Access Journals (Sweden)

    Nicoline Ondari-Okemwa

    2011-01-01

    Full Text Available This article discusses the strategic importance of identifying intangible assets for creating value and enhancing competitiveness and innovation in science and technology in a knowledge economy with particular reference to the sub- Saharan Africa region. It has always been difficult to gather the prerequisite information to manage such assets and create value from them. The paper discusses the nature of intangible assets, the characteristics of a knowledge economy and the role of knowledge workers in a knowledge economy. The paper also discusses the importance of identifying intangible assets in relation to capturing the value of such assets, the transfer of intangible assets to other owners and the challenges of managing organizational intangible assets. Objectives of the article include: underscoring the strategic importance of identifying intangible assets in sub-Saharan Africa; examining the performance of intangible assets in a knowledge economy; how intangible assets may generate competitiveness, economic growth and innovation; and assess how knowledge workers are becoming a dominant factor in the knowledge economy. An extensive literature review was employed to collect data for this article. It is concluded in the article that organizations and governments in sub-Saharan Africa should look at knowledge-based assets as strategic resources, even though the traditional accounting systems may still be having problems in determining the exact book value of such assets. It is recommended that organizations and government departments in sub-Saharan Africa should implement a system of the reporting of the value of intangible organizational assets just like the reporting of the value of tangible assets; and that organizations in sub-Saharan Africa should use knowledge to produce “smart products and services” which command premium prices.

  16. The complexity classification of intangible assets

    Directory of Open Access Journals (Sweden)

    Paula-Angela Vidrascu

    2013-03-01

    Full Text Available This paper tries to solve the complex problems of arising in the definition and delimitation of the intangible assets. Over time the technology develops and resizes continuously and along with it redefine in a very short time the theoretical and practical concepts of the economy. From the economic point of view an asset can be defined as a resource controlled by the enterprise as a result of past transactions or investments, and which is expected to generate future economic benefits. Intangible assets are the most important economic resources of an entity because in terms of their analysis of the technical, material and financial ñ of her evolution over time and the ability of continuous development. The main purpose of this article is to analyse the research carried out for the purposes of the definition and delimitation of intangible assets.

  17. Asset Valuation in an Experimental Market

    OpenAIRE

    Forsythe, Robert; Palfrey, Thomas R.; Plott, Charles R.

    1982-01-01

    The time path of asset prices is studied within a stationary experimental environment. After several replications prices converge to a perfect foresight equilibrium. A sequential market having an "informational trap" and a futures market are also studied.

  18. APPROACHES CONCERNING ACCOUNTING OF INTANGIBLE ASSETS

    Directory of Open Access Journals (Sweden)

    Gheorghe MOROSAN

    2016-02-01

    Full Text Available Given the importance of intangible assets in the company the paper aims to establish criteria for recognizing and measuring these assets through which the company can not only reflect the true value and its carrying amount. The main objective is to formulate a logical definition of intangible assets in accounting terms that allows their recognition in financial reporting to help build an accurate image of the company. It will demonstrate how important intangible assets for a successful company are and how they can help develop the economy and especially the Romanian economy. The secondary objectives are: - Setting limits in the valuation of intellectual capital from the point of view of internal control and external - Create a new post in the balance sheet to include this related value

  19. Asset Ownership and Foreign-Market Entry

    OpenAIRE

    Raff, Horst; Ryan, Michael; Stähler, Frank

    2006-01-01

    This paper examines the link between a firm's ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through greenfield investment, less productive ones will choose M&A, and the least productive ones will export. In addition, the most productive firms are shown to prefer whole ownership to a joint venture. These predic...

  20. Financial Contagion and Asset Liquidation Strategies

    OpenAIRE

    Zachary Feinstein

    2015-01-01

    This paper provides a framework for modeling the financial system with multiple illiquid assets during a crisis. This extends the network model of Cifuentes, Shin & Ferrucci (2005) that incorporates a single asset with fire sales. We prove sufficient conditions for the existence and uniqueness of equilibrium clearing payments and liquidation prices. We prove sufficient conditions for the existence of an equilibrium liquidation strategy with corresponding clearing payments and liquidation pric...

  1. Household Assets and Rural Finance in Nigeria

    OpenAIRE

    Onafowokan O. Oluyombo

    2013-01-01

    The study assesses the roles played by the loan service of cooperatives on household assets acquisition among cooperative members in rural communities of Ogun State where there is no bank.Independent student test and one way analysis of variance were used to analyze the data collected through questionnaire from 302 members. The study shows that the following assets – land, generator, television, radio and refrigerator – were more likely to be acquired by members than non-members. This is an i...

  2. Inference, arbitrage, and asset price volatility

    OpenAIRE

    Adrian, Tobias

    2004-01-01

    This paper models the impact of arbitrageurs on stock prices when arbitrageurs are uncertain about the drift of the dividend process of a risky asset. Under perfect information, the presence of risk-neutral arbitrageurs unambiguously reduces the volatility of asset returns. When arbitrageurs are uncertain about the drift of the dividend process, they condition their investment strategy on the observation of dividends and trading volume. In such a setting, the presence of arbitrageurs can lead...

  3. 浅析高校餐饮部门固定资产信息化管理的必要性%Analysis on the Necessity of the Informatized Management of Fixed Asset in Food and Beverage Department of Colleges and Universities

    Institute of Scientific and Technical Information of China (English)

    吴强

    2014-01-01

    餐饮部门作为高校后勤的一个重要组成部分,是学校和社会稳定的重要因素,为了提高食品质量,政府投入了大量的资金进行固定资产的购置。探讨了高校餐饮部门固定资产信息化管理的必要性,并提出了相应的措施。%Being as an important component of the rear service of colleges and universities, the food and beverage department is an important factor for the stability of the school and society. In order to improve the food quality, the government has spent a great deal of money to purchase the fixed assets. This paper probes into the necessity of the informatized management of fixed asset in food and beverage department of colleges and universities, and puts forward some corresponding measures.

  4. 12 CFR 615.5209 - Deferred-tax assets.

    Science.gov (United States)

    2010-01-01

    ... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Capital Adequacy § 615.5209 Deferred-tax assets. For purposes of calculating capital ratios under this part, deferred-tax assets are subject to the conditions... deferred-tax assets, net of any valuation allowance, from its assets and its total capital that is equal...

  5. 久期与免除战略在资产—负债管理中的应用原理初探%Exploration of Principle for Applying Duration and Immunization in Assets-Liabilities Management

    Institute of Scientific and Technical Information of China (English)

    崔玉杰; 李炅宇; 沈愉

    2001-01-01

    Based on the basic concept of the bond, and the viewpoint and method of financial mathematics, the definition and nature of duration are described; and by its nature, the basic principle of immunization strategy is analyzed. The analysis of varies immunization strategies is of practical significance to the investment of fixed return asset under China's oncoming interest rate marketization.%从债券最基本的概念入手,利用金融数学的观点方法,阐明久期的定义、性质,利用其性质分析免除战略的基本原理.各种免除战略模型的分析对我国即将到来的利率市场化条件下如何进行固定收益资产的投资具有现实意义.

  6. System and Method for Monitoring Distributed Asset Data

    Science.gov (United States)

    Gorinevsky, Dimitry (Inventor)

    2015-01-01

    A computer-based monitoring system and monitoring method implemented in computer software for detecting, estimating, and reporting the condition states, their changes, and anomalies for many assets. The assets are of same type, are operated over a period of time, and outfitted with data collection systems. The proposed monitoring method accounts for variability of working conditions for each asset by using regression model that characterizes asset performance. The assets are of the same type but not identical. The proposed monitoring method accounts for asset-to-asset variability; it also accounts for drifts and trends in the asset condition and data. The proposed monitoring system can perform distributed processing of massive amounts of historical data without discarding any useful information where moving all the asset data into one central computing system might be infeasible. The overall processing is includes distributed preprocessing data records from each asset to produce compressed data.

  7. A Model for Bank’s Optimal Asset Securitization Program

    OpenAIRE

    Masahiko Egami; Kaoru Hosono

    2010-01-01

    We propose a framework to examine banks’ asset securitization program. It provides a comprehensive view that explains various separate findings and claims in the literature. We derive optimal timing and quantity of banks’ asset securitization by explicitly incorporating stochastic asset returns and leverage constraints. We also quantify how much additional value can be created by asset securitization program, which gives some insights into why banks securitize assets. We further conduct some ...

  8. Depreciation Test of Fixed Assets – Necessity, Indices of Value Loss, Certainty and Frequency of Assessment Evaluation

    Directory of Open Access Journals (Sweden)

    Marinela Manea

    2010-12-01

    Full Text Available With the promulgation of IAS 36 "Depreciation of Assets" to ensure a consistent approach of reversible loss of value, removing the specific nationals practices and such the differences what appear as a result of the different treatments. In the chain of procedures for determining the depreciation of an asset/cash generating unit is required first the crossing phase of identification to an possible impaired assets, being necessary for the strict professional reasoning to each business. Applying the test impairment is not random and not to all assets of an enterprise. In general, the standard requires for companies to make the impairment tests when there are signs that an asset may be impaired (but annually for intangible assets with an indefinite useful life and commercial fund. The opportunity given by IAS 36 " Depreciation of Assets" to choose in determining of recoverable amount, between two values is not accidental. It is considered that the company can recover the value of its assets through use or market capitalization. However measurement of the two values is a complex process, very expensive for many businesses, own estimates based on Management Company with a strong subjective load, which is reflected on the certainty and reliability of obtained data.

  9. ISS Asset Tracking Using SAW RFID Technology

    Science.gov (United States)

    Schellhase, Amy; Powers, Annie

    2004-01-01

    A team at the NASA Johnson Space Center (JSC) is undergoing final preparations to test Surface Acoustic Wave (SAW) Radio Frequency Identification (RFID) technology to track assets aboard the International Space Station (ISS). Currently, almost 10,000 U.S. items onboard the ISS are tracked within a database maintained by both the JSC ground teams and crew onboard the ISS. This barcode-based inventory management system has successfully tracked the location of 97% of the items onboard, but its accuracy is dependant on the crew to report hardware movements, taking valuable time away from science and other activities. With the addition of future modules, the volume of inventory to be tracked is expected to increase significantly. The first test of RFID technology on ISS, which will be conducted by the Expedition 16 crew later this year, will evaluate the ability of RFID technology to track consumable items. These consumables, which include office supplies and clothing, are regularly supplied to ISS and can be tagged on the ground. Automation will eliminate line-of-sight auditing requirements, directly saving crew time. This first step in automating an inventory tracking system will pave the way for future uses of RFID for inventory tracking in space. Not only are there immediate benefits for ISS applications, it is a crucial step to ensure efficient logistics support for future vehicles and exploration missions where resupplies are not readily available. Following a successful initial test, the team plans to execute additional tests for new technology, expanded operations concepts, and increased automation.

  10. Extracting strategic value from nuclear assets

    International Nuclear Information System (INIS)

    Over the past 40 yr, nuclear power has played an increasingly important role as a provider of the electric generation capacity in the US. As expanding technologies and innovative business processes continue to provide for economic growth and development, electricity will grow as a progressively larger share of total energy consumption on both a national and global scale. However, restructuring and deregulation continue to shape the electric utility industry and provide testing platforms for those competitive technologies in power generation. It is important that the nuclear option be closely examined and the appropriate strategies be developed for maintaining and improving the utilization of this valuable resource during this very demanding period of industry transition. The articulation and execution of viable strategies are crucial when considering that (a) 40% of existing nuclear capacity will retire within the next 15 yr and (b) 25% of the current nuclear work force will retire within the next 10 yr. Therefore, nuclear power must be able to identify and extract the strategic values of its intrinsic characteristics and core benefits to continue as an important commodity supplier in this energy marketplace. The authors examine the current competitive energy marketplace and explore the necessary business elements that both executive management and senior technical officers must consider when developing strategies and initiatives for rationalizing and optimizing nuclear assets. Costs alone are not the sole measure of whether nuclear will be operationally competitive in this new marketplace. The key elements and issues of nuclear generation are evaluated in three categories: industry environment, market responses, and strategic options and initiatives. The first two areas are covered in a cursory fashion, enabling the opportunity to develop the last item (options and initiatives) in the context of the activities and expectations of the external marketplace

  11. Macroeconomic Dynamics of Assets, Leverage and Trust

    Science.gov (United States)

    Rozendaal, Jeroen C.; Malevergne, Yannick; Sornette, Didier

    A macroeconomic model based on the economic variables (i) assets, (ii) leverage (defined as debt over asset) and (iii) trust (defined as the maximum sustainable leverage) is proposed to investigate the role of credit in the dynamics of economic growth, and how credit may be associated with both economic performance and confidence. Our first notable finding is the mechanism of reward/penalty associated with patience, as quantified by the return on assets. In regular economies where the EBITA/Assets ratio is larger than the cost of debt, starting with a trust higher than leverage results in the highest long-term return on assets (which can be seen as a proxy for economic growth). Therefore, patient economies that first build trust and then increase leverage are positively rewarded. Our second main finding concerns a recommendation for the reaction of a central bank to an external shock that affects negatively the economic growth. We find that late policy intervention in the model economy results in the highest long-term return on assets. However, this comes at the cost of suffering longer from the crisis until the intervention occurs. The phenomenon that late intervention is most effective to attain a high long-term return on assets can be ascribed to the fact that postponing intervention allows trust to increase first, and it is most effective to intervene when trust is high. These results are derived from two fundamental assumptions underlying our model: (a) trust tends to increase when it is above leverage; (b) economic agents learn optimally to adjust debt for a given level of trust and amount of assets. Using a Markov Switching Model for the EBITA/Assets ratio, we have successfully calibrated our model to the empirical data of the return on equity of the EURO STOXX 50 for the time period 2000-2013. We find that dynamics of leverage and trust can be highly nonmonotonous with curved trajectories, as a result of the nonlinear coupling between the variables. This

  12. 新常态下强化银行信贷资产质量管理的思考%Reflection on Strengthening the Quality Management of Bank Credit Asset under the New Normal

    Institute of Scientific and Technical Information of China (English)

    姚进杰

    2015-01-01

    我国经济发展已进入新常态,速度变化、结构优化、动力转换,带来了很多新的趋势性变化。与此同时,新常态下银行业面临不良贷款反弹、金融监管“宽进严管”等趋势,这给银行资产质量管控带来了越来越大的压力。未来一段时期,经济运行中的困难可能在金融领域进一步显现,银行信贷资产质量面临严峻的挑战。本文分析了银行业面临的不良反弹、信贷投放趋缓等六大挑战,重点分析不良形成的内外部原因,并在此基础上提出应对措施。%China's economic development has entered into a new normal, when velocity change, structure optimization, as well as power conversion have brought about many new momentum changes. At the same time, under the new normal, banks have to faces trends like"non-performing loan rebound"and financial regulation's"easy into VS hard control"and etc., which have brought larger and larger pressure for banks' asset quality control. For a period of time in the future, the difficulties in the economic operation may be further revealed in the financial sector, and bank credit asset quality will be facing severe challenges. The paper analyzes six big challenges banks to be faced with, such as the unhealthy rebound, the slow down of credit release and etc., then mainly discusses the internal and external reasons of the formation of each badness, and in this regard puts forward the corresponding countermeasures.

  13. Internal Accounting Controlling Methods of Fixed Assets%固定资产内部会计控制方法

    Institute of Scientific and Technical Information of China (English)

    翟立文

    2012-01-01

    随着《内部会计控制规范——基本规范》试行条例在2001年6月22日发布实施,企业对各项资产的取得、使用、管理越来越重视。固定资产作为企业资产的重要组成部分,在企业经营活动中有举足轻重的地位。因此,加强固定资产管理,合理配置固定资产,提高固定资产的使用效率,成为固定资产内部控制的主要内容。%With the establishment of Internal Accounting Control Standard-Basic Norms on June 22, 2001, enterprises pay more and more attention to the acquisition, use, management of all assets. As an important part of enterprise assets, fixed assets play an magnificent role in the business activities of enterprises. Therefore, strengthening the fixed assets management, rational configuration of fixed assets, as well as improvement of the efficiency in the use of fixed assets, will become the main contents of the internal control of fixed assets.

  14. Entropy-based financial asset pricing.

    Science.gov (United States)

    Ormos, Mihály; Zibriczky, Dávid

    2014-01-01

    We investigate entropy as a financial risk measure. Entropy explains the equity premium of securities and portfolios in a simpler way and, at the same time, with higher explanatory power than the beta parameter of the capital asset pricing model. For asset pricing we define the continuous entropy as an alternative measure of risk. Our results show that entropy decreases in the function of the number of securities involved in a portfolio in a similar way to the standard deviation, and that efficient portfolios are situated on a hyperbola in the expected return-entropy system. For empirical investigation we use daily returns of 150 randomly selected securities for a period of 27 years. Our regression results show that entropy has a higher explanatory power for the expected return than the capital asset pricing model beta. Furthermore we show the time varying behavior of the beta along with entropy.

  15. Entropy-based financial asset pricing.

    Directory of Open Access Journals (Sweden)

    Mihály Ormos

    Full Text Available We investigate entropy as a financial risk measure. Entropy explains the equity premium of securities and portfolios in a simpler way and, at the same time, with higher explanatory power than the beta parameter of the capital asset pricing model. For asset pricing we define the continuous entropy as an alternative measure of risk. Our results show that entropy decreases in the function of the number of securities involved in a portfolio in a similar way to the standard deviation, and that efficient portfolios are situated on a hyperbola in the expected return-entropy system. For empirical investigation we use daily returns of 150 randomly selected securities for a period of 27 years. Our regression results show that entropy has a higher explanatory power for the expected return than the capital asset pricing model beta. Furthermore we show the time varying behavior of the beta along with entropy.

  16. CREATIVE ACCOUNTING – TANGIBLE ASSETS AND AMORTIZATION

    Directory of Open Access Journals (Sweden)

    PARTENIE DUMBRAVĂ

    2012-05-01

    Full Text Available Evaluation is a necessary first order and consists of expressed using monetary standard the assets, processes and resources of the entities. Economic entities and their leaders have different techniques for handling information presented in the annual statements: to influence the results or to change the entity financial position. The most used creative accounting techniques for tangible assets are the following: treatment of amortization and impairments policy, the revaluation of tangible assets, capitalization of expenses subsequent to commissioning (capitalize or not the expenses and treatment of development costs. The objective of this paper is to present the influence of the amortization policy used by entities in Romania and Hungary by a case study on the annual financial statements.

  17. RETURN ON CURRENT ASSETS, WORKING CAPITAL AND REQUIRED RATE OF RETURN ON EQUITY

    Directory of Open Access Journals (Sweden)

    Monika Bolek

    2014-08-01

    Full Text Available The problem of return on current assets and return on working capital related to the cost of equity invested in a company is analyzed in this paper. Risk – return and liquidity – profitability trade-offs influence the company’s equilibrium and management decisions. Liquidity is measured by the cash conversion cycle and it is related to the working capital strategy, measured by current ratio. Rate of return on current assets should be related to the rate of return on working capital that is linked to the cost of capital and the required rate of return. The results indicate that there is a positive relationship between the return on current assets and cash conversion cycle, a positive relationship between cost of equity and return on working capital meaning that the working capital, cash conversion cycle and current assets management are related to profitability, and cost of equity is determined by the required rate of return calculated based on the Capital Asset Pricing Model.

  18. Streamlining Building Efficiency Evaluation with DOE's Asset Score Preview

    Energy Technology Data Exchange (ETDEWEB)

    Goel, Supriya; Wang, Nora; Gonzalez, Juan; Horsey, Henry; Long, Nicholas

    2016-08-26

    Building Energy Asset Score (Asset Score), developed by the Pacific Northwest National Laboratory (PNNL) for the U.S. Department of Energy (DOE), is a tool to help building owners and managers assess the efficiency of a building's energy-related systems and encourage investment in cost-effective improvements. The Asset Score uses an EnergyPlus model to provide a quick assessment of building energy performance with minimum user inputs of building characteristics and identifies upgrade opportunities. Even with a reduced set of user inputs, data collection remains a challenge for wide-spread adoption, especially when evaluating a large number of buildings. To address this, Asset Score Preview was developed to allow users to enter as few as seven building characteristics to quickly assess their buildings before a more in-depth analysis. A streamlined assessment from Preview to full Asset Score provides an easy entry point and also enables users who manage a large number of buildings to screen and prioritize buildings that can benefit most from a more detailed evaluation and possible energy efficiency upgrades without intensive data collection.

  19. Tangible Asset Management In Real Sector Companies: A Parallel Between Industry Of Crude Oil Refining And Industry Of Refining Of Non Metallic Mineral In Colombia Gerenciamiento de activos tangibles en empresas del sector real: un paralelo entre industria de refinación de crudos e industria de refinación de minerales no metálicos en Colombia

    Directory of Open Access Journals (Sweden)

    John Jairo Forero Romero

    2012-08-01

    Full Text Available Enterprises around of the world are striving to understand and ensure that risks in utilities they govern are effectively managed while they must satisfy all expectations of their stakeholders. For this purpose there are now organisms and standardized management systems to manage financial risks, environmental hazards, industrial safety and occupational health risk. However, operational and reliability risks in the business lack an equivalent oversight body or an organizing framework through which enterprises can asses such risks , or define standards to which can be held accountable.The emergent understanding of asset management across all industry sectors has triggered a subsequent need for a standardized approach. This article identifies the key elements of asset management process and explains the benefits of the application of its elements with reference to two specific cases: the Barrancabermeja Refinery of Ecopetrol S.A. and  Sumicol S.A.Las empresas de todo el mundo se esfuerzan por comprender y asegurar que los riesgosen sus activos tangibles estén regidos bajo una administración eficaz y, a su vez, debenencargarse de cumplir con todas las expectativas de sus grupos de interés. Con estepropósito hoy en día existen organismos y sistemas de gestión estandarizados paraadministrar los riesgos financieros, ambientales, de seguridad de industrial y saludocupacional. Sin embargo, los riesgos operativos y de confiabilidad en el negocio hasta elmomento carecen de un órgano de supervisión equivalente, o un marco de organización através del cual las empresas pueden evaluar estos riesgos o definir las normas a las quepueden ser considerados responsables.El entendimiento emergente de la gestión efectiva de activos en todos los sectoresde la industria ha provocado una necesidad de un enfoque estandarizado. Este artículoidentifica los elementos clave del proceso de gestión de activos y explica los beneficiosde la aplicación de

  20. Hedging contingent claims on defaultable assets

    Science.gov (United States)

    Beumee, Johan G. B.

    2001-02-01

    Following the JLT model (Jarrow, Lando and Turnbull), this paper represents a defaultable asset as a continuous stochastic process plus a Poisson jump modelling the bankruptcy event. It is shown that if the recovery condition is known beforehand, a contingent claim can be hedged by a position in the defaultable asset and a risk-free instrument. In addition, the claim must satisfy a jump-diffusion equation and a risk-neutral representation is obtained using this equation. Examples include the price of a risky zero-coupon bond with a fixed recovery value and the prices of risky Call/Put options on corporate instruments (instrument terminates upon default).

  1. Optimal Monetary Policy under Asset Market Segmentation

    OpenAIRE

    Rajesh Singh; Amartya Lahiri; Carlos Vegh

    2007-01-01

    This paper studies optimal monetary policy in a small open economy under flexible prices. The paper’s key innovation is to analyze this question in the context of environments where only a fraction of agents participate in asset market transactions (i.e., asset markets are segmented). In this environment, we first show that there exist state contingent rules (based either on the rate of money growth or the devaluation rate) that can implement the first-best equilibrium. Such rules, however,...

  2. A simplified Capital Asset Pricing Model

    OpenAIRE

    Vovk, Vladimir

    2011-01-01

    We consider a Black-Scholes market in which a number of stocks and an index are traded. The simplified Capital Asset Pricing Model is the conjunction of the usual Capital Asset Pricing Model, or CAPM, and the statement that the appreciation rate of the index is equal to its squared volatility plus the interest rate. (The mathematical statement of the conjunction is simpler than that of the usual CAPM.) Our main result is that either we can outperform the index or the simplified CAPM holds.

  3. Asset Stripping in a Mature Market Economy

    DEFF Research Database (Denmark)

    Klarskov Jeppesen, Kim; Møller, Ulrik Gorm

    2011-01-01

    indicates that asset stripping may take place in mature market economies to the extent that perpetrators are able to circumvent the corporate governance system by giving lawyers, public accountants and banks incentives to act less critically towards dubious business transactions. Research limitations...... is to analyse why the asset-stripping schemes occurred in a mature market economy with a strong corporate governance system and a low level of corruption. Design/methodology/approach – The research is conducted as a longitudinal single case study based on documentary research. Findings – The Danish case...

  4. Studying the effect of assets return rate on stock price of the companies accepted in Tehran stock exchange

    Directory of Open Access Journals (Sweden)

    Parviz Saeidi

    2012-12-01

    Full Text Available One of the criteria to evaluate management ability of a company to gain return is assets return rate, with regard to existing resources. Management is expected to use the current assets so that the maximum return is gained. The present study aims at investigating assets return rate impact on stock prices of the companies accepted in Tehran stock exchange. In this research, assets return rate is considered as independent variable, and stock price as dependent variable, and company size, company age, and beta coefficient as control variables from 2001 to 2010. Research method is correlation in terms of hypothesis testing, and through multi-variable regression statistic analysis has been done. The research findings indicate strong impact and relationship between independent and dependent variables, and the research hypothesis has been accepted.

  5. Assessing environmental dependence using asset and income measures

    DEFF Research Database (Denmark)

    Charlery, Lindy Callen; Walelign, Solomon Zena

    2015-01-01

    on income and asset measures. Using a composite asset index, we were able to distinguish the asset poor from the asset non-poor. We then combined income data with the asset index, enabling us to disentangle the stochastic and structural nature of poverty. The distribution of poor and non-poor households...... based on income measures was significantly different from that based on asset measures. The income poor are substantially more dependent on environmental resources than the income non-poor (about 15% difference) while strikingly minimal difference was observed in environmental dependence between...

  6. Commercial Building Energy Asset Rating Tool User's Guide

    Energy Technology Data Exchange (ETDEWEB)

    Wang, Na; Makhmalbaf, Atefe; Matsumoto, Steven W.

    2012-05-01

    The U.S. Department of Energy’s Commercial Building Energy Asset Rating Tool is a web-based system that is designed to allow building owners, managers, and operators to more accurately assess the energy performance of their commercial buildings. This document provide a step-by-step instruction on how to use the tool.

  7. Scale economies in pension fund investments: A dissection of investment costs across asset classes

    NARCIS (Netherlands)

    Broeders, D.; van Oord, A.; Rijsbergen, D.

    2015-01-01

    Using a unique dataset of 225 Dutch occupational pension funds with a total of 928 billion euro of assets under management, we provide a comprehensive analysis of the relation between investment costs and pension fund size. Our dataset is free from self-reporting biases and decomposes investment cos

  8. THEORETICAL ASPECTS REGARDING THE VALUATION OF INTANGIBLE ASSETS

    Directory of Open Access Journals (Sweden)

    HOLT GHEORGHE

    2015-03-01

    Full Text Available Valuation of intangible assets represents one of the most delicate problems of assessing a company. Usually, valuation of intangible assets is in the process of evaluating enterprise as a whole. Therefore, Intangible Asset Valuers must have detailed knowledge on business valuation, in particular, the income-based valuation methods (capitalization / updating net cash flow. Valuation of Intangible Assets is the objective of the International Valuation Standards (GN 4 Valuation of Intangible Assets (revised 2010. Next to it was recently proposed GN 16 Valuation of Intangible Assets for IFRS reporting. International Accounting Standard (IAS 38 Intangible Assets prescribe the accounting treatment for intangible assets, analyze the criteria that an intangible asset must meet to be recognized, specific carrying amount of intangible assets and sets out requirements for disclosure of intangible assets. From an accounting perspective, relevant professional accounting standards and the following: IFRS 3 Business Combinations, IAS 36 Impairment of Assets and SFAS 157 fair value measurement, developed by the FASB. There is a more pronounced near the provisions of IAS 38 contained in GN 4. Therefore, a good professional intangible asset valuation must know thoroughly the conditions, principles, criteria and assessment methods recognized by those standards

  9. Asset-Based Measurement of Poverty

    Science.gov (United States)

    Brandolini, Andrea; Magri, Silvia; Smeeding, Timothy M.

    2010-01-01

    Poverty is generally defined as income or expenditure insufficiency, but the economic condition of a household also depends on its real and financial asset holdings. This paper investigates measures of poverty that rely on indicators of household net worth. We review and assess two main approaches followed in the literature: income-net worth…

  10. Sinopec Goes After Oil Assets Worldwide

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ US$2.45b deal to gain reserves of 393m barrels of crude equivalent China's enterprises eye global expansion via mergers and acquisitions in 2010 as the country's economic power increases.China Petrochemical Corporation (Sinopec),Asia's largest oil refiner, plans to purchase the entire oil and gas assets in the Argentinean arm of US-based Occidental Petroleum Corp.

  11. Regionalisation of asset values for risk analyses

    Directory of Open Access Journals (Sweden)

    A. H. Thieken

    2006-01-01

    Full Text Available In risk analysis there is a spatial mismatch of hazard data that are commonly modelled on an explicit raster level and exposure data that are often only available for aggregated units, e.g. communities. Dasymetric mapping techniques that use ancillary information to disaggregate data within a spatial unit help to bridge this gap. This paper presents dasymetric maps showing the population density and a unit value of residential assets for whole Germany. A dasymetric mapping approach, which uses land cover data (CORINE Land Cover as ancillary variable, was adapted and applied to regionalize aggregated census data that are provided for all communities in Germany. The results were validated by two approaches. First, it was ascertained whether population data disaggregated at the community level can be used to estimate population in postcodes. Secondly, disaggregated population and asset data were used for a loss evaluation of two flood events that occurred in 1999 and 2002, respectively. It must be concluded that the algorithm tends to underestimate the population in urban areas and to overestimate population in other land cover classes. Nevertheless, flood loss evaluations demonstrate that the approach is capable of providing realistic estimates of the number of exposed people and assets. Thus, the maps are sufficient for applications in large-scale risk assessments such as the estimation of population and assets exposed to natural and man-made hazards.

  12. 12 CFR 347.210 - Asset maintenance.

    Science.gov (United States)

    2010-01-01

    ..., exclusive of liabilities due to the foreign bank's head office, other branches, agencies, offices, or wholly owned subsidiaries. The Director of the Division of Supervision and Consumer Protection or his designee... affiliates; (2) Any asset classified “Value Impaired,” to the extent of the required Allocated Transfer...

  13. Asset Pricing Restrictions on Predictability : Frictions Matter

    NARCIS (Netherlands)

    F.A. de Roon (Frans); M. Szymanowska (Marta)

    2011-01-01

    textabstractU.S. stock portfolios sorted on size, momentum, transaction costs, M/B, I/A and ROA ratios, and industry classi…cation show considerable levels and variation of return predictability, inconsistent with asset pricing models. This means that a predictable risk premium is not equal to compe

  14. Catholic Identity Remains a Public Relations Asset

    Science.gov (United States)

    Wirth, Eileen

    2004-01-01

    The massive sex scandal that rocked the Roman Catholic Church raises a question as to whether Catholic identity remains an asset that the nation's 8,000 Catholic schools should continue to promote. This case study found that continuing to promote Catholic identity has had no adverse effect on recruitment and enrollment at four Omaha, Nebraska,…

  15. Introducing HEAL: The Health Education Assets Library.

    Science.gov (United States)

    Candler, Chris S.; Uijtdehaage, Sebastian H. J.; Dennis, Sharon E.

    2003-01-01

    Describes the development of a new Health Education Assets Library (HEAL), a freely accessible, national library of high-quality digital multimedia to support all levels of health sciences education. HEAL's primary mission is to provide educators with high-quality and free multimedia materials (such as images and videos) to augment health science…

  16. Ambiguity and Volatility : Asset Pricing Implications

    NARCIS (Netherlands)

    Pataracchia, B.

    2011-01-01

    Using a simple dynamic consumption-based asset pricing model, this paper explores the implications of a representative investor with smooth ambiguity averse preferences [Klibano¤, Marinacci and Mukerji, Econometrica (2005)] and provides a comparative analysis of risk aversion and ambiguity aversion.

  17. Assets of Nation (Pyramid of Economic Development)

    OpenAIRE

    Ahmed, Ovais; mashkoor, Aasim

    2015-01-01

    The theory of economic development have designed to explore the assets of nations which explain and analyzed the emphasize on Water crisis, deforestation, land of agriculture for yield and minerals. these are the main resources of improving and generating economic health. we analyzed further significant factors which help to designed the qualitative theory of economic development.

  18. Low-cost asset tracking using location-aware camera phones

    Science.gov (United States)

    Chen, David; Tsai, Sam; Kim, Kyu-Han; Hsu, Cheng-Hsin; Singh, Jatinder Pal; Girod, Bernd

    2010-08-01

    Maintaining an accurate and up-to-date inventory of one's assets is a labor-intensive, tedious, and costly operation. To ease this difficult but important task, we design and implement a mobile asset tracking system for automatically generating an inventory by snapping photos of the assets with a smartphone. Since smartphones are becoming ubiquitous, construction and deployment of our inventory management solution is simple and costeffective. Automatic asset recognition is achieved by first segmenting individual assets out of the query photo and then performing bag-of-visual-features (BoVF) image matching on the segmented regions. The smartphone's sensor readings, such as digital compass and accelerometer measurements, can be used to determine the location of each asset, and this location information is stored in the inventory for each recognized asset. As a special case study, we demonstrate a mobile book tracking system, where users snap photos of books stacked on bookshelves to generate a location-aware book inventory. It is shown that segmenting the book spines is very important for accurate feature-based image matching into a database of book spines. Segmentation also provides the exact orientation of each book spine, so more discriminative upright local features can be employed for improved recognition. This system's mobile client has been implemented for smartphones running the Symbian or Android operating systems. The client enables a user to snap a picture of a bookshelf and to subsequently view the recognized spines in the smartphone's viewfinder. Two different pose estimates, one from BoVF geometric matching and the other from segmentation boundaries, are both utilized to accurately draw the boundary of each spine in the viewfinder for easy visualization. The BoVF representation also allows matching each photo of a bookshelf rack against a photo of the entire bookshelf, and the resulting feature matches are used in conjunction with the smartphone

  19. Safety culture evaluation and asset root cause analysis

    International Nuclear Information System (INIS)

    This paper examines the role of organizational and management factors in nuclear power plant safety through the use of operating experiences. The ASSET (Assessment of Safety Significant Events Team) reports of thirteen plants (total thirty events) have been analyzed in term of twenty organizational dimensions (factors) identified by Brookhaven National Laboratory and Pennsylvania State University. For three plants detailed results are reported in this paper. The results of thirteen plants are summarized in the form of a table. The study tends to confirm that organizational and management factors play an important role in plant safety. The twenty organizational dimensions and their definitions, in general, were adequate in this study. Formalization, Safety Culture, Technical Knowledge, Training, Roles-Responsibilities and Problem Identification appear to be key organizational factors which influence the safety of nuclear power plants studied

  20. Safety culture evaluation and asset root cause analysis

    International Nuclear Information System (INIS)

    This paper examines the role of organizational and management factors in nuclear power plant safety through the use of operating experiences. The ASSET reports of thirteen plants (total thirty events) have been analyzed in term of twenty organizational dimensions (factors) identified by Brookhaven National Laboratory and Pennsylvania State University. For three plants detailed results are reported in this paper. The results of thirteen plants are summarized in the form of a table. The study tends to confirm that organizational and management factors play an important role in plant safety. The twenty organizational dimensions and their definitions, in general, were adequate in this study. Formalization, safety culture, technical knowledge, training, roles-responsibilities and problem identification appear to be key organizational factors which influence the safety of nuclear power plants studied. (author)

  1. Total Water Management - slides

    Science.gov (United States)

    Total Water Management (TWM) examines urban water systems in an interconnected manner. It encompasses reducing water demands, increasing water recycling and reuse, creating water supply assets from stormwater management, matching water quality to end-use needs, and achieving envi...

  2. Improving the asset pricing ability of the Consumption-Capital Asset Pricing Model?

    DEFF Research Database (Denmark)

    Rasmussen, Anne-Sofie Reng

    This paper compares the asset pricing ability of the traditional consumption-based capital asset pricing model to models from two strands of literature attempting to improve on the poor empirical results of the C-CAPM. One strand is based on the intertemporal asset pricing model of Campbell (1993......, 1996) and Campbell and Vuolteenaho (2004). The model takes the traditional C-CAPM as its starting point, but substitutes all references to consumption out, as empirical consumption data is assumed to be error ridden. The other strand to be investigated is based on the premise that the C-CAPM is only...... able to price assets conditionally as suggested by Cochrane (1996) and Lettau and Ludvigson (2001b). The unconditional C-CAPM is rewritten as a scaled factor model using the approximate log consumptionwealth ratio cay, developed by Lettau and Ludvigson (2001a), as scaling variable. The models are...

  3. Fixed Costs and Asset Market Participation Fixed Costs and Asset Market Participation

    Directory of Open Access Journals (Sweden)

    Harold H. Zhang

    2000-03-01

    Full Text Available This paper investigates the effects of fixed costs on investor's decision of asset market participation. The model features a continuum of agents with heterogeneous initial wealth and attitude toward risk. We show that under certain conditions there exists a unique competitive equilibrium in which investors optimally choose to stay in autarky, participate just in the riskless asset market or in both the riskless and the risky asset markets. The model is calibrated based on earnings profile from the U.S. We find that using fixed costs that are comparable to the current commission charged by brokers the model can generate participation patterns similar to observed ones. Further, we find participation rates to be very sensitive to the costs differentials associated with entering the risky asset market while relatively less sensitive to the overall levels of fixed costs. Finally, we find that costs make it even harder for dynamic models to replicate the risk free rate and in that sense deepen that puzzle. This paper investigates the effects of fixed costs on investor's decision of asset market participation. The model features a continuum of agents with heterogeneous initial wealth and attitude toward risk. We show that under certain conditions there exists a unique competitive equilibrium in which investors optimally choose to stay in autarky, participate just in the riskless asset market or in both the riskless and the risky asset markets. The model is calibrated based on earnings profile from the U.S. We find that using fixed costs that are comparable to the current commission charged by brokers the model can generate participation patterns similar to observed ones. Further, we find participation rates to be very sensitive to the costs differentials associated with entering the risky asset market while relatively less sensitive to the overall levels of fixed costs. Finally, we find that costs make it even harder for dynamic models to replicate

  4. Asset and Liability Composition in Participating Life Insurance: The Impact on Shortfall Risk and Shareholder Value

    DEFF Research Database (Denmark)

    Gatzert, Nadine; Bohnert, Alexander; Jørgensen, Peter Løchte

    Management decisions regarding the asset and liability composition of a life insurance company can have a substantial impact on an insurer’s risk situation. At the same time, they also affect the fair risk-adjusted compensation offered to the company’s equity holders for providing capital...... that supports the life insurer’s various types of guarantees and surplus participation schemes. The aim of this paper is to analyze the impact of asset and liability composition in life insurance including decisions regarding the product portfolio composition, the riskiness of the asset side, and different...... surplus appropriation schemes on the company’s shortfall risk and the shareholders’ fair risk charge. The range of products comprises temporary life annuities and endowment insurance contracts with varying surplus appropriation schemes that are modeled actuarially. We thereby also account for mortality...

  5. Asset Analysis and Operational Concepts for Separation Assurance Flight Testing at Dryden Flight Research Center

    Science.gov (United States)

    Costa, Guillermo J.; Arteaga, Ricardo A.

    2011-01-01

    A preliminary survey of existing separation assurance and collision avoidance advancements, technologies, and efforts has been conducted in order to develop a concept of operations for flight testing autonomous separation assurance at Dryden Flight Research Center. This effort was part of the Unmanned Aerial Systems in the National Airspace System project. The survey focused primarily on separation assurance projects validated through flight testing (including lessons learned), however current forays into the field were also examined. Comparisons between current Dryden flight and range assets were conducted using House of Quality matrices in order to allow project management to make determinations regarding asset utilization for future flight tests. This was conducted in order to establish a body of knowledge of the current collision avoidance landscape, and thus focus Dryden s efforts more effectively towards the providing of assets and test ranges for future flight testing within this research field.

  6. Increasing the value of the Public Building Assets: the former military sites redevelopment

    Directory of Open Access Journals (Sweden)

    Riccardo Pollo

    2012-04-01

    Full Text Available The sale of public real estate assets is one of the main issues in the governments agenda. The goal is to find resources and improve the management of the building stock. Such assets are different from each other and transformation involves issues of urban and regional importance. Former military sites are mainly characterized by: different types (barracks, military airports, military bases, military hospitals, firing ranges, powder magazine, ports, spread out, obsolescence and environmental liabilities. Also historical buildings are relatively few in the military building stock. It follows that these assets cannot be converted to other uses without a technological knowledge. The paper discusses the key issues in rehabilitation of the military sites with particular attention to recent international experiences. The paper then goes on to focus the role of the research institutions in the screening required of the military real estate to be divested.

  7. THEORETICAL ASPECTS REGARDING THE VALUATION OF INTANGIBLE ASSETS

    OpenAIRE

    HOLT GHEORGHE

    2015-01-01

    Valuation of intangible assets represents one of the most delicate problems of assessing a company. Usually, valuation of intangible assets is in the process of evaluating enterprise as a whole. Therefore, Intangible Asset Valuers must have detailed knowledge on business valuation, in particular, the income-based valuation methods (capitalization / updating net cash flow). Valuation of Intangible Assets is the objective of the International Valuation Standards (GN) 4 Valuation of Intangible A...

  8. Tangible fixed assets in Czech accounting regulation and International standards

    OpenAIRE

    Vojířová, Tereza

    2015-01-01

    In my bachelor thesis, I will discuss the comparison of reporting of tangible fixed assets in according Czech accounting regulation and according to International Financial Reporting Standards. In the first part the tangible fixed assets are described according to the Czech legal accounting regulation. After that are defined the main differences in reporting of tangible fixed assets in comparison with IFRS. In next part I focus on the specific issue of reporting tangible fixed assets in real ...

  9. Information spillovers in asset markets with correlated values

    OpenAIRE

    Asriyan, Vladimir; Fuchs, William; Green, Brett

    2015-01-01

    We study information spillovers in a dynamic setting with privately informed traders and correlated asset values. A trade of one asset (or lack thereof) can provide information about the value of other assets. The information content of trading behavior is endogenously determined in equilibrium. We show that this endogeneity leads to multiple equilibria when the correlation between asset values is sufficiently high. The equilibria are ranked in terms of both trade volume and e...

  10. Accounting for the recognition of information as an asset

    OpenAIRE

    El Tawy, NAH; Abdel-Kader, M.

    2011-01-01

    Tangible assets as property, plant and equipment continue to be important factors in the production of both goods and services. However, their relative importance has decreased through time as the importance of intangible, knowledge-based assets has increased. This shift in importance has raised a number of accounting questions critical for recognizing the information as an asset in nowadays financial statements. Attempts to recognize “information” as an asset in the financial statements has ...

  11. National and International Methods of Fixed Assets Depreciation

    OpenAIRE

    Silvia Samara Ph. D student

    2010-01-01

    Depreciation is an extremely debated subject in the assets accounting area. Numerous articles were written on the subject and very different accounting solutions have been chosen from one country to another. Depreciation reflects best, the rate of consumption of economic benefits attached to the asset, knowing that, mainly, by using it, the asset is consumed. Thus, it is considered that depreciation reflects the consumption of future economic benefits attached to an asset, as consequence of i...

  12. ACCOUNTING AND TAX ISSUES RELATING TO DEPRECIATION OF TANGIBLE ASSETS

    OpenAIRE

    ZEFINESCU CARMEN-VERONICA

    2014-01-01

    The article proposes a study on the financial and accounting implications of tangible assets depreciation. According to national accounting rules and IFRS, depreciation is the equivalent to irreversible impairment of assets. This amend character is given by correcting the fixed assets counting value to obtain the net counting value. The value of depreciation calculated by applying redemption quota to the counting value of the asset is included in operating expenses for the dur...

  13. Financial Management in SMEs

    OpenAIRE

    Irena Jindrichovska

    2013-01-01

    The principal goal of this paper is to review recent studies on small and medium sized companies in order to concentrate on the main critical issues of SMEs financial management. There are three core elements of financial management: (1) the question of liquidity management and cash flow management. Cash is company’s most precious nonhuman asset. (2) The question of long term asset acquisition – which directs the long term course of business. (3) Questions of funding, capital structure and co...

  14. Commercial Building Energy Asset Score System: Program Overview and Technical Protocol (Version 1.0)

    Energy Technology Data Exchange (ETDEWEB)

    Wang, Na; Gorrissen, Willy J.

    2013-01-11

    The U.S. Department of Energy (DOE) is developing a national voluntary energy asset score system that includes an energy asset score tool to help building owners evaluate their buildings with respect to the score system. The goal of the energy asset score system is to facilitate cost-effective investment in energy efficiency improvements of commercial buildings. The system will allow building owners and managers to compare their building infrastructure against peers and track building upgrade progress over time. The system can also help other building stakeholders (e.g., building operators, tenants, financiers, and appraisers) understand the relative efficiency of different buildings in a way that is independent from their operations and occupancy. This report outlines the technical protocol used to generate the energy asset score, explains the scoring methodology, and provides additional details regarding the energy asset score tool. This report also describes alternative methods that were considered prior to developing the current approach. Finally, this report describes a few features of the program where alternative approaches are still under evaluation.

  15. PID feedback controller used as a tactical asset allocation technique: The G.A.M. model

    Science.gov (United States)

    Gandolfi, G.; Sabatini, A.; Rossolini, M.

    2007-09-01

    The objective of this paper is to illustrate a tactical asset allocation technique utilizing the PID controller. The proportional-integral-derivative (PID) controller is widely applied in most industrial processes; it has been successfully used for over 50 years and it is used by more than 95% of the plants processes. It is a robust and easily understood algorithm that can provide excellent control performance in spite of the diverse dynamic characteristics of the process plant. In finance, the process plant, controlled by the PID controller, can be represented by financial market assets forming a portfolio. More specifically, in the present work, the plant is represented by a risk-adjusted return variable. Money and portfolio managers’ main target is to achieve a relevant risk-adjusted return in their managing activities. In literature and in the financial industry business, numerous kinds of return/risk ratios are commonly studied and used. The aim of this work is to perform a tactical asset allocation technique consisting in the optimization of risk adjusted return by means of asset allocation methodologies based on the PID model-free feedback control modeling procedure. The process plant does not need to be mathematically modeled: the PID control action lies in altering the portfolio asset weights, according to the PID algorithm and its parameters, Ziegler-and-Nichols-tuned, in order to approach the desired portfolio risk-adjusted return efficiently.

  16. Optimal Investment Strategy for Asset and Liability Management Problems under the Ho-Lee Interest Rate Model%Ho-Lee利率模型下资产-负债管理的最优投资策略

    Institute of Scientific and Technical Information of China (English)

    常浩; 荣喜民

    2012-01-01

    Under the assumption that the risk-free interest rate dynamics follows the Ho-Lee interest rate model, we investigate the optimal investment strategy for portfolio selection with liability. The financial market is composed of two risky assets: a stock and a zero-coupon bond. The stock price and the bond price influenced by the interest rate volatility are all driven by the extended geometric Brow-nian motion. The liability process follows the extended Brownian motion with drift and is correlated with the interest rate and stock price. Under the utility maximization criterion, the maximum principle is used to obtain the HJB equation for the value function, and we study the optimal investment strategies under power utility and exponential utility, respectively. Finally, we obtain the closed-form solutions for the optimal investment strategies by applying the variable transformation approach.%假设无风险利率是服从Ho-Lee利率模型的随机过程,本文研究负债情形下组合投资的最优投资策略.我们考虑金融市场存在两种风险资产:一种股票和一种零息票债券,其中股票和零息票债券由于受到利率波动的影响而服从扩展的几何布朗运动,而负债服从扩展的带漂移的布朗运动,且和利率与股票价格存在相关性.文章应用最大值原理得到效用最大化下值函数的Hamilton-Jacobi-Bellman (HJB)方程,并研究幂效用和指数效用函数下的最优投资策略.利用变量变换方法得到了两种效用函数下最优投资策略的显示表达式.

  17. Specific asset investment in industry and university research

    Science.gov (United States)

    Tu, Jing; Yang, Zhonghua

    Industry university research have become more frequent in development activities. Both industry and university will invest specific asset which may cause switching costs. The paper discusses the issue of deciding optimal specific asset rate in the relationship by a game model. Conclusions about the factors which determine the optimal specific asset investments are drawn.

  18. 48 CFR 32.304-3 - Asset formula.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Asset formula. 32.304-3... REQUIREMENTS CONTRACT FINANCING Loan Guarantees for Defense Production 32.304-3 Asset formula. (a) Under..., by use of an asset formula, to an amount that does not exceed a specified percentage (90 percent...

  19. Asset liquidity, corporate investment, and endogenous financing costs

    DEFF Research Database (Denmark)

    Flor, Christian Riis; Hirth, Stefan

    2013-01-01

    sensitivities. If real assets are not divisible in liquidation, firms with high financial liquidity optimally avoid external financing and instead cut new investment. If real assets are divisible, firms use external financing, which implies a lower sensitivity. In addition, asset redeployability decreases...

  20. 12 CFR 615.5210 - Risk-adjusted assets.

    Science.gov (United States)

    2010-01-01

    ... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Capital Adequacy § 615.5210 Risk-adjusted assets. (a... comprises “risk-adjusted assets,” the denominator for computation of the permanent capital ratio. (b... institution must deduct from capital and assets the face amount of the position (dollar-for-dollar...