Selecting the Optimum Collateral in Shipping Finance

Author(s):  
Dimitris Gavalas ◽  
Theodore Syriopoulos

Banks select convenient loan collateral assets to secure the uninterrupted service of a loan facility. In the adverse case of a borrower in default, collateral assets provide critical last resort coverage for bank loan recovery. Nevertheless, collaterals may provide least protection when they are most needed. Recessionary economic cycle phases, unstable capital markets, liquidity constraints and financial crises amplify abrupt downward collateral value shifts. This, in turn, can result to outstanding loans being exposed to diminishing collateral values, substantially increasing the bank's asset-liability mismatch. This study proposes an integrated and flexible framework to support a preferential collateral asset selection process for lending banks. Two multi-criteria decision making methods are critically compared and evaluated, in order to gain insight into the identification, evaluation and ranking process of important quantitative and qualitative collateral selection criteria. Bank shipping finance is undertaken as an empirical case study.

2014 ◽  
Vol 14 (4) ◽  
pp. 11-31 ◽  
Author(s):  
Michael Johnston ◽  
Mirko Guaralda ◽  
Sukanlaya Sawang

This research provides an assessment tool that assists the selection process of sustainability in detached suburban housing. It investigates the implications of using different design and construction methods including architecturally designed houses, developer housing and prefabricated houses. The study simulates one example of the three types of houses that have been chosen to fulfil a real client brief on a real site on the Sunshine Coast, Queensland Australia. Criteria for sustainability assessment are formulated based on literature reviews, exemplar designs and similar research projects for which the houses can be adequately evaluated. This criterion covers aspects including energy use, materials and thermal performance. The data is collected using computer models and sustainability assessment software to compare and draw conclusions on the success of each house.Our study indicates that architecturally designed housing with prefabricated building techniques are a better alternative to generic developer style housing. Our research provides an insight into the implications of three key elements of sustainability including energy use, materials and thermal performance. Designers, builders, developers and home-buyers are given an insight into some options currently available on the housing market and how the choices made during early design stages can provide a more positive environmental impact.  


2012 ◽  
Vol 9 (1) ◽  
pp. 30-50 ◽  
Author(s):  
Wanchun Dou ◽  
Chao Lv ◽  
Xuyun Zhang ◽  
Jinjun Chen

In service selection, an end user often has his or her personal preferences imposing on a candidate service’s non-functional properties. For a service selection process promoted by a group of users, candidate services are often evaluated by a group of end users who may have different preferences or priorities. In this situation, it is often a challenging effort to make a tradeoff among various preferences or priorities of the users. In view of this challenge, a multi-criteria decision-making method, named AHP (Analytic Hierarchy Process), is introduced to transform both qualitative personal preferences and users’ priorities into numeric weights. Furthermore, a QoS-aware service evaluation method is presented for a shared service’s co-selection taking advantage of AHP theory. At last, a case study is presented to demonstrate the feasibility of the method.


Symmetry ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 370
Author(s):  
Chia-Nan Wang ◽  
Van Thanh Nguyen ◽  
Jui-Chung Kao ◽  
Chih-Cheng Chen ◽  
Viet Tinh Nguyen

The European Union (EU) is the largest shrimp consumer market in the world in terms of requirements for shrimp product imports. Therefore, other enterprises that export frozen shrimp to the EU must consider many criteria when choosing suppliers of raw shrimp. The difficulty of choosing suppliers of raw shrimp makes selecting raw material suppliers in the fisheries sector a multi-criteria decision-making problem. In such problems, the decision makers must review and evaluate many criteria—including qualitative and quantitative factors—to achieve an optimal result. While there have been multiple multi-criteria decision making models developed to support supplier selection processes in different industries, none of these have been developed to solve the particular problems facing the shrimp industry, especially as it concerns a fuzzy decision-making environment. In this research, the authors propose a Multi-Criteria Decision Making model (MCDM) including the Fuzzy Analytical Network Process (FANP) and Weighted Aggregated Sum Product Assessment (WASPAS) for the evaluation and selection process of shrimp suppliers in the fisheries industry. The model is applied to a real-world case study and the results show that Supplier 3 (SA3) is the most optimal supplier of raw shrimp. The contribution of this work is the employment of FANP and WASPAS to propose an MCDM for ranking potential suppliers in the fisheries industry in a fuzzy environment. The proposed approach can also be modified to support complex decision-making processes in fuzzy environments in different industries.


Romanticism ◽  
2019 ◽  
Vol 25 (1) ◽  
pp. 69-80
Author(s):  
Ruth Knezevich

The genre of annotated verse represents an under-explored form of transporting romanticism. In annotated, locodescriptive poems like those in Anna Seward's Llangollen Vale, readers are invited to read not only the spatiality of the landscapes depicted in the verse but also the landscape of the page itself. Seward's poems, with their focus on understanding geographical, political, and historical spaces both real and imaginary, provide geocritical insight into poetic productions of the early Romantic era. Likewise, geocriticism offers a fresh and useful – even necessary – analytic approach to such poems. I adopt Anna Seward as a case study in annotated verse and argue that attending to the materiality and paratextuality of her work allows us to access the complexities of her poetry and prose as well as her position within the wider framework of transporting Romanticism.


Somatechnics ◽  
2012 ◽  
Vol 2 (2) ◽  
pp. 263-283 ◽  
Author(s):  
Svenja J. Kratz

Abstract: Presented from an ArtScience practitioner's perspective, this paper provides an overview of Svenja Kratz's experience working as an artist within the area of cell and tissue culture at QUT's Institute of Health and Biomedical Innovation (IHBI). Using The Absence of Alice, a multi-medium exhibition based on the experience of culturing cells, as a case study, the paper gives insight into the artist's approach to working across art and science and how ideas, processes, and languages from each discipline can intermesh and extend the possibilities of each system. The paper also provides an overview of her most recent artwork, The Human Skin Equivalent/Experience Project, which involves the creation of personal jewellery items incorporating human skin equivalent models grown from the artist's skin and participant cells. Referencing this project, and other contemporary bioart works, the value of ArtScience is discussed, focusing in particular on the way in which cross-art-science projects enable an alternative voice to enter into scientific dialogues and have the potential to yield outcomes valuable to both disciplines.


Author(s):  
Jifeng Chen ◽  
Peilin Song ◽  
Thomas M. Shaw ◽  
Franco Stellari ◽  
Lynne Gignac ◽  
...  

Abstract In this paper, we propose a new methodology and test system to enable the early detection and precise localization of Time-Dependent-Dielectric-Breakdown (TDDB) occurrence in Back-End-of-Line (BEOL) interconnection. The methodology is implemented as a novel Integrated Reliability Test System (IRTS). In particular, through our methodology and test system, we can easily synchronize electrical measurements and emission microscopy images to gather more accurate information and thereby gain insight into the nature of the defects and their relationship to chip manufacturing steps and materials, so that we can ultimately better engineer these steps for higher reliable systems. The details of our IRTS will be presented along with a case study and preliminary analysis results.


Author(s):  
Kaye Chalwell ◽  
Therese Cumming

Radical subject acceleration, or moving students through a subject area faster than is typical, including skipping grades, is a widely accepted approach to support students who are gifted and talented. This is done in order to match the student’s cognitive level and learning needs. This case study explored radical subject acceleration for gifted students by focusing on one school’s response to the learning needs of a ten year old mathematically gifted student. It provides insight into the challenges, accommodations and approach to radical subject acceleration in an Australian school. It explored the processes and decisions made to ensure that a gifted student’s learning needs were met and identified salient issues for radical subject acceleration. Lessons learned from this case study may be helpful for schools considering radical acceleration.


2019 ◽  
Vol 2 (1) ◽  
pp. 41-52
Author(s):  
Nitin Mundhe

Floods are natural risk with a very high frequency, which causes to environmental, social, economic and human losses. The floods in the town happen mainly due to human made activities about the blockage of natural drainage, haphazard construction of roads, building, and high rainfall intensity. Detailed maps showing flood vulnerability areas are helpful in management of flood hazards. Therefore, present research focused on identifying flood vulnerability zones in the Pune City using multi-criteria decision-making approach in Geographical Information System (GIS) and inputs from remotely sensed imageries. Other input data considered for preparing base maps are census details, City maps, and fieldworks. The Pune City classified in to four flood vulnerability classes essential for flood risk management. About 5 per cent area shows high vulnerability for floods in localities namely Wakdewadi, some part of the Shivajinagar, Sangamwadi, Aundh, and Baner with high risk.


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