Application of Public Private Partnerships to the Spanish Airport System

The current deficit situation of the Spanish airport system suggests the need to manage this in a more efficient and profitable way. One of the possible options is through private management and being able to do this through Public Private Partnerships (PPP). This study analyzes the situation of the sector and its economic importance and the different possibilities for introducing private management in a public company, specifying the situation in the case of airports, presenting the advantages and disadvantages of these possibilities, and aiming at results obtained in other places where it has been applied. It is proposed that the ideal model for the introduction of private management would be through PPP models tailored to each airport, but having common characteristics according to the group they belong to. Finally, we observe that not all airports are commercially attractive, so that the PPP concept does not apply to all of them. In some cases even the operability itself is not viable at all, and that should be considered separately in order to avoid creating a private monopoly while trying to enhance competition among them.

An Empirical Analysis of the Spanish Gas Price Structure

We can say without hesitation that in energy markets a throughout data analysis is crucial when designing sophisticated models that are able to capture most of the critical market drivers. In this study we will attempt to investigate into Spanish natural gas prices structure to improve understanding of the role they play in the determination of electricity prices and decide in the future about price modelling aspects. To further understand the potential for modelling, this study will focus on the nature and characteristics of the different gas price data available. The fact that the existing gas market in Spain does not incorporate enough liquidity of trade makes it even more critical to analyze in detail available gas price data information that in the end will provide relevant information to understand how electricity prices are affected by natural gas markets. In this sense representative Spanish gas prices are typically difficult to explore given the fact that there is not a transparent gas market yet and all the gas imported in the country is negotiated and purchased by private companies at confidential terms.

A Knowledge Model for Automatic Configuration of Traffic Messages

This paper describes a knowledge model for a configuration problem in the do-main of traffic control. The goal of this model is to help traffic engineers in the dynamic selection of a set of messages to be presented to drivers on variable message signals. This selection is done in a real-time context using data recorded by traffic detectors on motorways. The system follows an advanced knowledge-based solution that implements two abstract problem solving methods according to a model-based approach recently proposed in the knowledge engineering field. Finally, the paper presents a discussion about the advantages and drawbacks found for this problem as a consequence of the applied knowledge modeling ap-proach.

La Responsabilidad Social Empresarial (RSE): un valor organizacional en la gestión de las PYMES

La importancia de este tema radica en que no solo el aspecto económico motiva la razón de ser de las organizaciones, sino la forma en como su desempeño afecta su medio interno o externo. El objetivo de la investigación fue estudiar la RSE como valor implícito en la filosofía de gestión de las PYMES, Metalmecánicas Venezolanas. Los valores comunes encontrados en las PYMES son: calidad, satisfacción de los clientes, tecnología de punta y seguridad. Se infiere que las PYMES estudiadas, orienta las acciones de RSE hacia los Trabajadores y Mercado, por encima de las categorías Sociedad/Comunidad y Medio Ambiente.

Watching subgraphs to improve efficiency in maximum clique search

This paper describes a new technique referred to as watched subgraphs which improves the performance of BBMC, a leading state of the art exact maximum clique solver (MCP). It is based on watched literals employed by modern SAT solvers for boolean constraint propagation. In efficient SAT algorithms, a list of clauses is kept for each literal (it is said that the clauses watch the literal) so that only those in the list are checked for constraint propagation when a (watched) literal is assigned during search. BBMC encodes vertex sets as bit strings, a bit block representing a subset of vertices (and the corresponding induced subgraph) the size of the CPU register word. The paper proposes to watch two subgraphs of critical sets during MCP search to efficiently compute a number of basic operations. Reported results validate the approach as the size and density of problem instances rise, while achieving comparable performance in the general case.

Definición y orientación de un modelo de sistema nacional de innovación.

En el presente estudio se ha planteado como objetivo diseñar un modelo teórico para la definición, orientación y articulación del Sistema Nacional de Innovación en los países Iberoamericanos con el propósito de mejorar la capacidad de I+D+i en el sector industrial. Específicamente en el sector de las PYMIS. El caso de estudio se centra en la revisión del enfoque de sistema de la Política Pública de Ciencia, Tecnología e Innovación de Venezuela. El sector PYMIS constituye una proporción importante del tejido industrial de Venezuela. Sin embargo, las PYMIS presentan en su estructura deficiencias para afrontar por si solas el reto del desarrollo de proyectos de innovación de nuevos productos que les permita aprovechar las oportunidades y necesidades de innovación detectadas en el mercado nacional.

Emotions in services: complaint in B2C e-commerce

This study proposes a service recovery (SR) model to describe how cumulative satisfaction, loyalty and word-of-mouth are affected by complaints. The model is based on the role of positive and negative emotions in satisfaction with service recovery (SSR) processes. While prior SSR studies usually investigated only negative emotions and satisfaction with a specific transaction, this research considered both positive and negative emotions.

Evolution and implementation of CDIO initiatives at ETSII-UPM

The School of Industrial Engineering at Universidad Politécnica de Madrid (ETSII-UPM) has been promoting student-centred teaching-learning activities, according to the aims of the Bologna Declaration, well before the official establishment of the European Area of Higher Education. Such student-centred teaching-learning experiences led us to the conviction that project based learning is rewarding, both for students and academics, and should be additionally promoted in our new engineering programmes, adapted to the Grade-Master structure. The level of commitment of our teachers with these activities is noteworthy, as the teaching innovation experiences carried out in the last ten years have led to the foundation of 17 Teaching Innovation Groups at ETSII-UPM, hence leading the ranking of teaching innovation among all UPM centres. Among interesting CDIO activities our students have taken part in especially complex projects, including the Formula Student, linked to the complete development of a competition car, and the Cybertech competition, aimed at the design, construction and operation of robots for different purposes. Additional project-based learning teamwork activities have been linked to toy design, to the development of medical devices, to the implementation of virtual laboratories, to the design of complete industrial installations and factories, among other activities detailed in present study. The implementation of Bologna process will culminate at ETSII-UPM with the beginning of the Master’s Degree in Industrial Engineering, in academic year 2014-15. The program has been successfully approved by the Spanish Agency for Accreditation (ANECA), with the inclusion of a set of subjects based upon the CDIO methodology denominated generally “INGENIA”, linked to the Spanish “ingeniar” (to provide ingenious solutions), also related etymologically in Spanish with “ingeniero”, engineer. INGENIA students will live through the complete development process of a complex product or system and there will be different kind of projects covering most of the engineering majors at ETSII-UPM.

La competencia lingüística en el uso de los grupos nominales en inglés académico y profesional y su didáctica: estudio empírico

Esta tesis doctoral consiste en un estudio empírico de la competencia lingüística del alumnado de la Escuela Técnica Superior de Ingenieros Industriales (ETSII), de la Universidad Politécnica de Madrid (UPM) en el uso de los grupos nominales (GN) en inglés profesional y académico (IPA). Mediante el análisis estadístico de los datos de las pruebas de nivel de inglés general y de conocimiento de los rasgos lingüísticos diferenciadores del IPA, se ha buscado constatar que los GN, tan presentes en los textos ingleses de carácter científico-técnico, son uno de los rasgos IPA que más dificultad presenta para el alumnado de ingeniería de habla española, cuya enseñanza es necesario abordar de forma diferenciada para que se puedan usar correctamente. El trabajo comienza presentando las características lingüísticas generales del IPA, entre las que destaca la frecuente presencia de los GN en las comunicaciones de carácter científico y técnico. Comprueba la hipótesis de que la comprensión y el uso de los GN es el rasgo lingüístico que ofrece mayor dificultad para esta población. Se detiene en explicar las propiedades de los GN en inglés y de las palabras que lo forman; es decir, muestra clases de palabras, regularidades y excepciones que están presentes en los textos científico-técnicos. También expone y razona el comportamiento de las distintas categorías gramaticales que pueden figurar como premodificadoras y se centra en ejemplos reales y datos objetivos, para llegar a conclusiones cuantitativas sobre el uso y la frecuencia de los GN en el discurso científico-técnico, así como en los diferentes grados de dificultad que dichas construcciones presentan al alumnado. El método de investigación seguido consiste en la recopilación y análisis estadístico de los datos procedentes de una muestra de población de alumnos de 5º curso de la ETSII de la UPM utilizando el análisis de la varianza ANOVA. Los datos se han tratado teniendo en cuenta el nivel general de inglés de cada alumno, según el Marco Común Europeo de Referencia para las Lenguas (MCERL), que oscila entre el nivel A2 y el C1, con una mayor frecuencia de B1 y B2. Las conclusiones se basan en el análisis de los datos empíricos obtenidos, que nos permiten deducir unos principios generales relevantes respecto al uso de los GN –simples y complejos- en el inglés para la ciencia y la tecnología (ICT) y al grado de dificultad que sus distintos tipos presentan al alumnado, con un grado de confianza superior al 95%. A partir de estos datos se ofrece un planteamiento didáctico que facilite la comprensión y elaboración de los distintos tipos de GN. La estructura general de la tesis se divide en seis capítulos. El capítulo 1 es una introducción en la que se presentan las razones que han motivado esta tesis, las hipótesis, los objetivos y la metodología de la misma. En el capítulo 2 se recogen los rasgos lingüísticos distintivos del ICT, incidiendo en la relación competencia comunicativa/competencia lingüística. En el capítulo 3 se analizan los GN profundizando en aspectos lingüísticos. El capítulo 4 se centra en el estudio empírico propiamente dicho y en el análisis estadístico de los datos. Del análisis se extraen las conclusiones objetivas sobre la dificultad que presentan los diferentes rasgos IPA analizados, con detenimiento en los GN simples y complejos. El capítulo 5 ofrece un planteamiento didáctico práctico sobre la enseñanza de los GN en el contexto del ICT, con una investigación sobre el terreno y el análisis estadístico de los resultados obtenidos antes y después de la aplicación didáctica. En el capítulo 6 se comentan los resultados obtenidos a lo largo del estudio, aportando las conclusiones, las limitaciones y las recomendaciones para futuros trabajos de investigación sobre el tema de la tesis. ABSTRACT This doctoral thesis consists of an empirical study of the linguistic competence of the Technical University of Madrid (UPM) industrial engineering students on the use of nominal groups (NG) in English for Academic and Professional Purposes (EAPP). In order to confirm that NG is the EAPP linguistic feature that presents the greatest difficulty to Spanish engineering students, a statistical analysis of the data obtained from the application of a general English test and the EAPP linguistic features tests -developed for this purpose- was carried out. Consequently, this linguistic feature needs to be specifically taught in order to be used correctly by Spanish engineering students. The study begins by presenting the general language characteristics of EAPP, among which the frequent presence of NG in scientific and technical writings stands out. It verifies the hypothesis that the understanding and use of NG in English is the most difficult linguistic feature for Spanish engineering students. It explains the features of English NG analyzing the words they are composed of by depicting the types of words, regularities and exceptions that are present in technical and scientific English. It also explains the behavior of the different grammar categories that act as pre-modifiers of the noun and focuses on real examples taken from authentic publications and quantitative data, to reach objective conclusions about the use and degree of difficulty of the NG for the students. The research methodology includes the gathering of data from the 5th year industrial engineering students´ tests and analyzing them by means of the ANOVA statistical application. The data have been treated in relation to the students’ Common European Framework of Reference for Languages (CEFRL) levels, which range from A2 to C1, although the majority lye between B1 and B2 levels. The conclusions are based on the results, which allow us to obtain relevant information about the understanding and use of NG –simple and complex- by the focus group, with a 95% confidence level. From these data, a methodological approach to NG teaching has been tested to help students to acquire such linguistic feature. The general structure of this thesis is divided into six chapters. The first is an introduction containing the reasons that have motivated this piece of research, the hypotheses, objectives and methodology employed. The second deals with the distinctive linguistic features of EST underlying the concepts of linguistic and communicative competence. Chapter three focuses on the grammar aspects of NG. Chapter four contains the empirical study and the statistical analysis of the data. Results allow us to reach objective conclusions about the degree of difficulty of the EAPP linguistic features studied, focusing on simple and complex NG. Chapter five discusses a methodological approach to the teaching of NG in an EST context, comparing students’ test results before and after the NG teaching application. Finally, chapter six discusses the findings obtained along the study, presenting the conclusions, limitations and recommendations for future research in this area.

Corporate social responsibility in portfolio selection: A "goal games" against nature approach

Nowadays, there is an uprising social pressure on big companies to incorporate into their decision-making process elements of the so-called social responsibility. Among the many implications of this fact, one relevant one is the need to include this new element in classic portfolio selection models. This paper meets this challenge by formulating a model that combines goal programming with "goal games" against nature in a scenario where the social responsibility is defined through the introduction of a battery of sustainability indicators amalgamated into a synthetic index. In this way, we have obtained an efficient model that only implies solving a small number of linear programming problems. The proposed approach has been tested and illustrated by using a case study related to the selection of securities in international markets.

Innovation in consulting firms: an area to explore

Services are the most representative sector in developed economies due to their contribution to GDP and employment. Consulting firms are classified as part of the Knowledge Intensive Business Services (KIBS) and provide professional services to all types of organizations. Consulting firms usually innovate with their customers and suppliers in a nurturing environment for value co-creation. This environment is project-based, process-oriented and with intensive knowledge exchange among all stakeholders. Based on literature review, it has been found that despite the existence of frameworks for service innovation, none of them have specifically focused on consulting firms. Further implications on this issue are addressed for both academics and practitioners.

Importancia de los modelos de conducta en la intención emprendedora en estudiantes de ingeniería = The importance of role models for the entrepreneurial intention of technical degrees students

El emprendimiento de base tecnológica es un tema crítico para la generación de crecimiento económico, por lo que conocer los determinantes de la intención emprendedora de estudiantes de universidades técnicas adquiere una especial relevancia. En este estudio se analiza la importancia de los modelos de conducta en la intención emprendedora entre los estudiantes de carreras técnicas. Los resultados muestran que los estudiantes de padres empresarios tienen una intención emprendedora superior a la media, mientras que los de hijos de padres funcionarios están por debajo de ella. Igualmente, la ausencia de modelos de conducta emprendedora en el entorno cercano disminuye la intención emprendedora, mientras que la ausencia de funcionarios no la hace aumentar.

How Can Local Manufacturing Improve Economic Sustainability? Saint Brissant: a case study of local manufacturing in Spain

Fast-fashion retailers and mass production dominate the fashion and apparel industry. Increased globalization, labor intensity and outsourcing to developing countries are fostering the interest in sustainability within the industry. There is a growth of a new movement attempting to offset the demand for fast fashion, "Slow Fashion" movement. Slow fashion is not time-based but quality-based approach in which designers, buyers, retailers and consumers are more aware of the impacts on workers, communities and ecosystems (Fletcher 2007). European Union has also some critical targets to reach by 2020. Spain, specifically, has to meet some requirements in terms of economy and sustainability. This exploratory study analyzed how slow fashion concept, precisely manufacturing locally, could improve economic development. Local manufacturing, its impact on economic development and the challenges of Spanish market are illustrated through a case study of one Spanish fashion brand, Saint Brissant.

A Valuation of SAREB, the Spanish “Bad Bank”, Upside Using the Real Options Methodology

This paper develops a model to analyze the upside potential of profitability of the SAREB (“Asset Management Company for Assets Arising from Bank Restructuring”), the Spanish “Bad Bank”. The model is based in the Real Options methodology, that is especially adequate due to the convergence of two elements, (i) depreciated assets with a high upside potential, and (ii) a highly volatile market as it has shown to be the real estate Spanish market. Our results suggest that the SAREB has a higher than expected profitability potentialthat would be dedicated to increase the return to its shareholders, mainly private banks. Consequently we also show that after the financial crisis are emerging two types of banks in Spain, in one hand the losers who are transferring their real estate assets at a deep discount, and in the other hand the winners, capturing the upside potential of those assets as shareholders of SAREB, and consequently consolidating their strength in the Spanish Real Estate Industry. It is worth to mention that Governments should make an effort in properly redistribute the wealth generated by the real Estate industry.

Return of Equity Issues in the Spanish Stock Market from the Investor’s Perspective, during the 1997-2012 Period

Is it profitable for an investor, from a risk-return perspective, to acquire a stake in a quoted company when a capital increase is announced? This paper analyses the return obtained from the investment in equity issues with cash contribution and pre-emptive rights, aimed at funding corporate activities: acquisitions, investments in new facilities and/or strengthening the balance sheet of the companies undertaking the equity issue. During the 16 years covered by the study, the results show a negative average excess risk-adjusted return of almost 5%, from the moment that the equity offer is announced until the completion of the preferential subscription period. To obtain this excess return, the difference between the nominal Internal Rate of Return (IRR) and the expected return, using the CAPM, is computed for each equity issue. The intention behind this method is to eliminate the effects of time and any other possible effect on the stock price during the period of the analysis.The results from this article are consistent with the Pecking Order theory for the Spanish Stock Market also six months after the preferential subscription period. However, there is a positive return after three months.