Financial liberalization and sectoral reallocation of capital in South Africa

We examine the impact of financial reforms on efficient reallocation of capital within and between sectors in South Africa using firm-level panel data for the period 1991–2008. The measure of efficient allocation of capital is based on the Tobin’s Q. We find that financial reforms are associated with improvements in within-sector, but not between-sector allocation of capital. These results imply that for South Africa to unleash the potential for take-off that is often associated with reallocation of resources from the primitive to modern sectors, reforms that focus beyond the financial sector are necessary. While more research is necessary to determine what would fully constitute such additional reforms, our analysis shows that reforms that improve the quality of economic institutions may be a step in the right the direction.

Motion Analysis for Short and Long Jump

Motion analysis is very essential in sport activities to enhance the performance of an athlete and to ensure the correctness of regimes. Expensive methods of motion analysis involving the use of sophisticated technology has led to limited application of motion analysis in sports. Towards this, in this paper we have integrated a low-cost method for motion analysis using three axis accelerometer, three axis magnetometer and microcontroller which are very accurate and easy to use. Seventeen male subjects performed two experiments, standing short jumps and long jumps over a wide range of take-off angles. During take-off and landing the acceleration and angles at different joints of the body are recorded using accelerometers and magnetometers, and the data is captured using Lab VIEW software. Optimum take-off angle in these jumps are calculated using the recorded data, to identify the optimum projection angle that maximizes the distance achieved in a jump. The results obtained for optimum take off angle in short jump and long jump is in agreement with those obtained using other methodologies and theoretical calculations assuming jump to be a projectile motion. The impact force (acceleration) is also analysed and is found to progressively decrease from foot to neck.

Conical Emission Patterns by Femtosecond Pulses with Different Spectral Bandwidths

Different conical emission (CE) patterns are obtained experimentally at various incident powers and beam sizes of pump laser pulses with pulse durations of 7 fs, 44 fs and 100 fs. The results show that it is the incident power but not the incident power density that determines a certain CE pattern. In addition, the critical powers for similar CE patterns are nearly the same for the laser pulses with the same spectral bandwidth. Furthermore, as far as a certain CE pattern is concerned, the wider the spectral bandwidth of pump laser pulse is, the higher the critical power is. This will hopefully provide new insights for the generation of CE pattern in optical medium.

Vortex filament simulation of trailing vortex merger

Aircraft in high-lift configuration shed multiple vortices. These generally merge to form a downstream wake consisting of two counter-rotating vortices of equal strength. The understanding of the merger of two co-rotating trailing vortices is important in evaluating the separation criteria for different aircraft to prevent wake vortex hazards during landing and take-off. There is no existing theoretical method on the basis of which such norms can be set. The present study is aimed at gaining a better understanding of the behaviour of wake vortices behind the aircraft. Two dimensional studies are carried out using the vortex blob method and compared with Bertenyi's experiment. It is shown that inviscid two dimensional effects are insufficient to explain the observations. Three dimensional studies, using the vortex filament method, are applied to the same test case. Two Lamb-Oseen profile vortices of the same dimensions and initial separation as the experiment are allowed to evolve from a straight starting condition until a converged steady flow is achieved. The results obtained show good agreement with the experimental distance to merger. Core radius and separation behaviour is qualitatively similar to experiment, with the exception of rapid increases at first. This may be partially attributable to the choice of filament-element length, and recommended further work includes a convergence study for this parameter. Copyright © 2005 by the American Institute of Aeronautics and Astronautics, Inc. All rights reserved.

Investigation of a radial-inflow bleed as a potential for compressor clearance control

The mismatch in thermal response between a High Pressure Compressor (HPC) drum and casing is a limiting factor in the reduction of compressor clearance. An experimental test rig has been used to demonstrate the concept of radial inflow to reduce the thermal time constant of HPC discs. The testing uses a simulated idle - Maximum Take Off (MTO) - idle transient in order to measure the thermal response directly. The testing is fully scaled in the dimensionless sense to engine conditions. A simple closure model based on lumped capacitance is used to illustrate the scope of potential benefits. The proof-of-concept testing shows that HPC disc time constant reductions of the order 2 are feasible with a radial-inflow bleed of only 4% of bore flow at scaled MTO conditions. Using the experimental results, the simple closure modelling suggests that for a stage with a significant mismatch in thermal response, reductions in 2D axis-symmetric clearance of as much as 50% at MTO conditions may be possible along with significant scope for improvements at cruise conditions. Copyright © 2013 by ASME.

Undrained behaviour of two silica sands and practical implications for modelling SSI in liquefiable soils.

The aim of the present study is twofold. Firstly, the paper investigates the undrained cyclic and post-cyclic behaviour of two silica sands by means of multi-stage cyclic triaxial tests. Secondly, based on the post-cyclic response observed in the element test, the authors formulate a simplified stress–strain relationship that can be conveniently used for the construction of p–y curves for liquefiable soils. The multi-stage loading condition consists of an initial cyclic loading applied to cause liquefaction, followed by undrained monotonic loading that aimed to investigate the post-cyclic response of the liquefied sample. It was found that due to the tendency of the liquefied soil to dilate upon undrained shearing, the post-liquefaction strain–stress response was characterised by a distinct strain–hardening behaviour. The latter is idealized by means of a bi-linear stress–strain model, which can be conveniently formulated in terms of three parameters, i.e.: (i) take-off shear strain, γto, i.e. shear strain required to mobilize 1 kPa of shear strength; (b) initial secant shear modulus, G1, defined as 1/γto; (c) post-liquefied shear modulus at large strain, G2 (γ⪢γto). Based on the experimental results, it is concluded that these parameters are strongly influenced by the initial relative density of the sample, whereby γto decreases with increasing relative density. Differently both shear moduli (G1 and G2) increases with increasing relative density. Lastly, the construction of new p–y curves for liquefiable soils based on the idealized bi-linear model is described.

Vantagens do ciclo combinado a gás natural face a outras tecnologias de produção de energia. Estudo de caso

Seria impensável concebermos os nossos dias sem a utilização de energia eléctrica. Esta forma de energia é responsável pelo desenvolvimento económico e a sua disponibilidade é indicadora da qualidade de vida dos povos. A procura de formas de obtenção desta energia que minimizem os impactes para o ambiente tem levado à adopção de energias renováveis mas também ao desenvolvimento de novas tecnologias que permitam aumentar a eficiência de conversão de energia entre as suas várias formas. Neste sentido procedeu-se à análise de um estudo de caso da central termoeléctrica a gás natural com tecnologia de ciclo combinado da Tapada do Outeiro, Portugal. Living without electricity is nowadays unconceived. The economic growth and quality of life is strongly dependent on this source of energy. The search for new forms of producing electricity in order to minimise environmental impacts has lead to the adoption of renewable energies and to the improvement of new technologies which allow at the same time to reach high efficiency in the process of energy conversion from the chemical form to the electrical one. This article is about a case study of a natural gas turbine power plant with combined cycle, at “Tapada do Outeiro”, Portugal.

Handsignals Recognition From Video Using 3D Motion Capture Data

Hand signals are commonly used in applications such as giving instructions to a pilot for airplane take off or direction of a crane operator by a foreman on the ground. A new algorithm for recognizing hand signals from a single camera is proposed. Typically, tracked 2D feature positions of hand signals are matched to 2D training images. In contrast, our approach matches the 2D feature positions to an archive of 3D motion capture sequences. The method avoids explicit reconstruction of the 3D articulated motion from 2D image features. Instead, the matching between the 2D and 3D sequence is done by backprojecting the 3D motion capture data onto 2D. Experiments demonstrate the effectiveness of the approach in an example application: recognizing six classes of basketball referee hand signals in video.

CFD fire simulation of the Swissair flight 111 in-flight fire - part II: fire spread analysis

In 1998, Swissair Flight I I I (SR111) developed an in-flight fire shortly after take-off which resulted in the loss of the aircraft, a McDonnell Douglas MD-I 1, and all passengers and crew. The Transportation Safety Board (TSB) of Canada, Fire and Explosion Group launched a four year investigation into the incident in an attempt to understand the cause and subsequent mechanisms which lead to the rapid spread of the in-flight fire. As part of this investigation, the SMARTFIRE Computational Fluid Dynamics (CFD) software was used to predict the 'possible' development of the fire and associated smoke movement. In this paper the CFD fire simulations are presented and model predictions compared with key findings from the investigation. The model predictions are shown to be consistent with a number of the investigation findings associated with the early stages of the fire development. The analysis makes use of simulated pre-fire airflow conditions within the MD-11 cockpit and above ceiling region presented in an earlier publication (Part 1) which was published in The Aeronautical Journal in January 2006(4).

Constrained Multi-Objective Aerofoil Design Using a Multi-Level Optimisation Strategy

A novel approach for the multi-objective design optimisation of aerofoil profiles is presented. The proposed method aims to exploit the relative strengths of global and local optimisation algorithms, whilst using surrogate models to limit the number of computationally expensive CFD simulations required. The local search stage utilises a re-parameterisation scheme that increases the flexibility of the geometry description by iteratively increasing the number of design variables, enabling superior designs to be generated with minimal user intervention. Capability of the algorithm is demonstrated via the conceptual design of aerofoil sections for use on a lightweight laminar flow business jet. The design case is formulated to account for take-off performance while reducing sensitivity to leading edge contamination. The algorithm successfully manipulates boundary layer transition location to provide a potential set of aerofoils that represent the trade-offs between drag at cruise and climb conditions in the presence of a challenging constraint set. Variations in the underlying flow physics between Pareto-optimal aerofoils are examined to aid understanding of the mechanisms that drive the trade-offs in objective functions.

Avaliação da vulnerabilidade sísmica de edifícios escolares

A grande motivação para este trabalho resultou na avaliação da vulnerabilidade sísmica das escolas básicas e secundárias que fazem parte integrante do parque escolar de Portugal Continental. Apesar de até ao momento apenas se terem estudado a vulnerabilidade de algumas escolas em algumas zonas particulares do nosso país, para este trabalho de investigação tivemos uma ambição muito maior e obviamente fizemos um esforço muito maior. Estabelecemos assim como meta, a avaliação de todo o parque escolar. Embora todo o parque escolar possua na ordem das três centenas de escolas em todo o território nacional e sendo este projeto de reabilitação, um projeto com a duração de 2007 a 2015. Em 2011, por motivos da crise económica, todo o projeto congelou sendo reabilitadas até à data cerca de apenas um terço das escolas. Esta quantidade foi o número de escolas que avaliamos em todo o país. As escolas, sendo edifícios públicos com uma importância fundamental, tanto pela elevada concentração de jovens, como pela função essencial como centros de aprendizagem para as gerações vindouras, como também pela ameaça que representam na eventualidade dum cenário sísmico pela enorme densidade de utilizadores, e pela vantagem de nesse cenário de catástrofe a importância estrutural ser superior em relação à maior parte dos edifícios correntes, devidamente demonstrado pelos argumentos enumerados, consequentemente as escolas podem servir como instalações de proteção civil perante uma catástrofe sísmica para apoio das populações circundantes afetadas. Portanto para cada uma das escolas cordialmente fornecidas pelo Parque Escolar, E.P.E., foi feito um estudo exaustivo e muito individual de cada uma das escolas, onde cada análise foi desenvolvida por uma metodologia simplificada, sendo cada análise sempre individual, e nunca tendo sida aplicada em série, este fator melhora substancialmente a eficácia da avaliação para a quantificação das vulnerabilidades e da determinação do grau de dano e das frações de perda para os requisitos fundamentais de limitação de danos, de não colapso, e de colapso iminente que correspondem a ações com períodos de retorno de 95, 475 e 975 anos. Este trabalho é fundamental para as entidades competentes terem a consciência da vulnerabilidade das escolas secundárias, para puderem atuar a nível estrutural e diminuir assim a vulnerabilidade sísmica, e mesmo que por impossibilidade económica o poder governamental não intervenha, então pode e principalmente deve, elaborar planos de emergência tanto com engenheiros civis qualificados como com a total colaboração das corporações de bombeiros que fazem parte das forças de operação e socorro da Autoridade Nacional de Proteção Civil (ANPC).

Modelling the airline costs of delay propagation

Reactionary delays constitute nearly half of all delay minutes in Europe. A capped, multi-component model is presented for estimating reactionary delay costs, as a non-linear function of primary delay duration. Maximum Take-Off Weights, historically established as a charging mechanism, may be used to model delay costs. Current industry reporting on delay is flight-centric. Passenger-centric metrics are needed to better understand delay propagation. In ATM, it is important to take account of contrasting flight- and passenger-centric effects, caused by cancellations, for example. Costs to airlines and passenger disutility will both continue to be driven by delay relative to the original schedule.

Automatic measurement of key ski jumping phases and temporal events with a wearable system.

We propose a new method, based on inertial sensors, to automatically measure at high frequency the durations of the main phases of ski jumping (i.e. take-off release, take-off, and early flight). The kinematics of the ski jumping movement were recorded by four inertial sensors, attached to the thigh and shank of junior athletes, for 40 jumps performed during indoor conditions and 36 jumps in field conditions. An algorithm was designed to detect temporal events from the recorded signals and to estimate the duration of each phase. These durations were evaluated against a reference camera-based motion capture system and by trainers conducting video observations. The precision for the take-off release and take-off durations (indoor < 39 ms, outdoor = 27 ms) can be considered technically valid for performance assessment. The errors for early flight duration (indoor = 22 ms, outdoor = 119 ms) were comparable to the trainers' variability and should be interpreted with caution. No significant changes in the error were noted between indoor and outdoor conditions, and individual jumping technique did not influence the error of take-off release and take-off. Therefore, the proposed system can provide valuable information for performance evaluation of ski jumpers during training sessions.

El turismo en los espacios naturales protegidos. Análisis de los objetos de consumo turístico y del comportamiento de los turistas en los parques naturales de Liguria

The objectives of the thesis are identify in the current tourism landscape, tourist typologies which are capable of ensuring an adequate level of sustainability, ie that take into account the need to establish effective partnerships between major players in the touristic sector: 1. Looking for practical examples of more responsible tourism forms with resources. 2. Stressing the role played by ecotourism, this form of tourism according to the qual makes your holiday visitors relate more directly conscious of environmental and sociocultural present in the venue. 3. identifying actions to ensure the protection of the environment and the economic take off by traditionally depressed areas. 4. identifying objects aimed at boosting tourism consumption of a natural protected area interpreted as ideal as post-Fordist real space and identify profiles of tourists in protected areas. Also if tourism products linked to nature, culture and cuisine can help to revitalize the Ligurian coastal tourism 5. Checking if the regional system of protected areas has produced results in both environmental protection and endogenous development through tourism. 6. Quantifying the actual supply of the areas studied. 7. Checking if the three parks studied were identified and developed specific objects of tourist consumption.

Modelling the medieval economy: money, prices and income in England, 1263-1520

This chapter presents a simple econometric model of the medieval English economy, focusing on the relationship between money, prices and incomes. The model is estimated using annual data for the period 1263-1520 obtained from various sources. The start date is determined by the availability of continuous runs of annual data, while the finishing date immediately precedes the take-off of Tudor price inflation. Accounts from the ecclesiastical and monastic estates have survived in great numbers for this period, thereby ensuring that crop yields can be estimated from a regionally representative set of estates.