scholarly journals Fuel Station Valuation under Polish and RICS Standards

2017 ◽  
Vol 25 (2) ◽  
pp. 20-32
Author(s):  
Mirosława Czaplińska ◽  
Małgorzata Rymarzak ◽  
Dariusz Trojanowski

Abstract In the last few years, there has been a visible change in the structure of the fuel station market in both Poland and the United Kingdom. The changes taking place both in the fuel station market structure and the management forms of fuel stations, along with the increasing significance of convenience goods sales, result in the necessity of verifying the existing Polish valuation standards of the income approach. Moreover, there is an urgent need to develop specific fuel station valuation guidelines. Fuel station valuation requires both the specific approach and profits method adjustment to be able to account for the specificity of the valuation. The universal character of property valuation in Poland cannot result in ignoring the specificity of fuel station valuation and the market where it operates. Property valuers undertaking valuations of this type of facilities must be familiar with the rules operating on the fuel station market. This paper focuses on the comparison analysis of the fuel station market structure in Poland and the United Kingdom along with the specificity of the way fuel stations operate. Its emphasis is on the comparison analysis of fuel station valuation methods under Polish and RICS standards in order to show their similarities and differences. The aim of the paper is to present the methods of fuel station valuation in Poland and the United Kingdom, though mainly to show the areas of changes in the Polish valuation standards with regards to the profits method under the income approach that would take into account the specificity of fuel stations and their market.

Author(s):  
Myrna FLORES ◽  
Matic GOLOB ◽  
Doroteja MAKLIN ◽  
Christopher TUCCI

In recent years, the way organizations innovate and develop new solutions has changed considerably. Moving from ‘behind the closed doors’ style of innovating to open innovation where collaboration with outsiders is encouraged, organizations are in the pursuit of more effective ways to accelerate their innovation outcomes. As a result, organizations are establishing creative and entrepreneurial ecosystems, which not only empower employees but also involve many others to co-create new solutions. In this paper, we present a methodology for organizing hackathons, i.e. competition-based events where small teams work over a short period of time to ideate, design, prototype and test their ideas following a user-centric approach to solve a specific challenge. This paper also provides insights into two different hackathons organized in the United Kingdom, and Mexico, as well as a series of 5 hackathons organized in Argentina, Mexico, Switzerland, United Kingdom and in Senegal.


1952 ◽  
Vol 25 (3) ◽  
pp. 630-640 ◽  
Author(s):  
E. W. Madge ◽  
H. M. Collier ◽  
I. H. Duckworth

Abstract In recent years the mechanical stability testing of latex has received increased attention, and an apparatus has been developed in the United Kingdom which has certain advantages over those previously described in the literature. Various factors relating both to the instrument and to the method of testing are discussed and the influence of these factors on the accuracy of the results is considered. Some indication is given of the way in which the mechanical stability test can be used to evaluate changes brought about by various additions and treatments of the latex.


Author(s):  
Alan Ryan

This chapter examines some unanswered questions in John Stuart Mill's politics, especially with regards to bureaucracy, democracy, and liberty. These questions relate to what Mill thought about the bearing of the way India was governed on the way the United Kingdom should be governed; about the extent to which he had grown out of the anxiety about moral authority that permeated his essay “The Spirit of the Age”; and about the extent to which he felt that he had achieved a stable balance between a utilitarian concern with benevolent management and an “Athenian” concern with the self-assertive, self-critical, engaged, public-spirited, but independent-minded citizen. The chapter first considers Mill's views on the government of India and their implications for his ideas about empire, progress, and pluralism before discussing the issue of authority, along with his arguments in On Liberty.


Author(s):  
Paul Craig

This chapter draws on the six dimensions of public law covered in the book: theory, institutions and accountability, constitutions and rights, process and procedure, legislation, and case law. It links discussion of these dimensions, by considering how they have been affected by Brexit. The chapter is not concerned with the contending arguments for leaving or remaining in the European Union. The focus is on the way in which Brexit has ‘pressure-tested’ the public law regime in the United Kingdom and the European Union. The six dimensions of public law that are discussed in the preceding chapters form the architectural frame through which the impact of Brexit on the public law regimes is assessed in both the United Kingdom and the European Union.


1992 ◽  
Vol 44 ◽  
pp. 243-294
Author(s):  
J. E. O'Neill ◽  
H. W. Froggatt

AbstractThe paper deals with the development of unitised with-profits business in the United Kingdom. The authors trace the recent history of these products and comment on the main reasons for their development. They also deal with corporate issues, including implications for policyholders and shareholders of different fund structures and different types of life office. Pricing and product development issues are also covered. Reserving issues including the range of valuation methods, statutory requirements and policyholders' reasonable expectations are explored. Finally the paper considers the actuary's contribution to the management of unitised with-profits policyholders' expectations.


1999 ◽  
Vol 58 (1) ◽  
pp. 96-128 ◽  
Author(s):  
Rodney Brazier

BEFORE the dawn of the millennium new legislative and executive authorities will have been established in Edinburgh, Cardiff and (subject to further political and other progress) in Belfast. This article analyses the nature of these constitutional initiatives, and examines their place in the unitary state which is the United Kingdom. It begins by tracing the history of constitutional union between England, Wales, Scotland, and Ireland. The legal effect of the 1998 devolution statutes is examined, in particular on the legal sovereignty of the United Kingdom Parliament. A triple constitutional and legal lock exists in the Scotland Act 1998 to ensure that the devolution settlement is the final step away from the pure unitary state which has enfolded Scotland in Great Britain. The nature and likely success of that lock are analysed in some detail. The lawmaking powers of the Scottish Parliament, the Welsh Assembly, and the Northern Ireland Assembly are assessed. The similarities and differences between each of the three devolved governments and the British Government are highlighted, and consequences and possible lessons for future government-making at Westminster are drawn. The article concludes with a peer into the possible constitutional futures for the United Kingdom.


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