8. MAXIMIZATION OF THE SUBJECTIVE CAPITAL VALUE OF A FIRM UNDER MULTI-PERIOD BUT SINGLE-PRODUCT PLANNING

2019 ◽  
pp. 26-54
Author(s):  
Daniel James Gooch

This article provides an estimate of the human capital value of migration to Reading in the period 1851-1871 to the town's economy. This is determined by estimating total net migration to the town across this period by age and sex and assigning all migrants a value for expected lifetime economic output less expected lifetime consumption costs. The final figures are contextualised by comparison with the value of social overhead capital used to fund significant local infrastructure projects in the same time period and show that, from a human capital perspective, the value of migration to Reading was very significant. This article thus addresses significant historiographical gaps in the study of Victorian labour migration to southern provincial towns and provides an original perspective to studies of the economic value of migration and its role in the growth of such communities.


2011 ◽  
pp. 25-29
Author(s):  
Mike Inkson ◽  
Philip Antier ◽  
Malcolm Topfer

During the SIT conference in Dubai 2005 a single strike crystallization scheme model based on the way that Russian beet factory operated when refining raw sugar was proposed and suggested that it would be particularly suitable for medium size refineries up to about 2000 t/d RSO (refined sugar output). Now there is operational a 1700 t/d RSO stand-alone refinery that uses the scheme. It melts up to VHP raw sugar with 1200 IU (ICUMSA units) and runs carbonatation followed by a light dosing of PAC (powdered activated carbon) as necessary then double effect evaporation to produce fine liquor. Target color for the fine liquor is 340 IU. The centrifugal run-off needs to be segregated into the higher purity, lower color (so-called white) and lower purity, higher color (so called ‘green’) run-off. The white run-off (about 75%) is sent to white crystallization. The remaining 25% (green run-off) is sent to a three-stage crystallization recovery but, given the high purity regime without affination, the ‘A’ sugar is melted back to fine liquor having been crystallized and purged as if food quality. The results presented in the paper show that the refinery is operating broadly as predicted, producing a refined sugar to EEC 2 standard.


1983 ◽  
Vol 48 (9) ◽  
pp. 2604-2608
Author(s):  
Jana Podlahová ◽  
Jaroslav Podlaha

The oxidation of the ethylenediphosphinetetraacetate anion and its protonated forms by iodine, periodate, hydrogen peroxide, and oxygen has been studied in aqueous solution. The oxidation by the first three reagents is fast and yields a single product, bis(phosphine oxide), which has been isolated and characterized as ethylenebis(phosphinyl)tetraacetic acid. The oxidation by molecular oxygen proceeds considerably more slowly; in weakly acid solutions its rate is determined by the properties of the oxygen rather than by the electronic structure of the various protonated substrate species. The inhibiting effect of the phosphonium structures takes place only in strongly acid solutions.


1984 ◽  
Vol 16 (2) ◽  
pp. 378-401 ◽  
Author(s):  
A. G. De kok ◽  
H. C. Tijms ◽  
F. A. Van der Duyn Schouten

We consider a production-inventory problem in which the production rate can be continuously controlled in order to cope with random fluctuations in the demand. The demand process for a single product is a compound Poisson process. Excess demand is backlogged. Two production rates are available and the inventory level is continuously controlled by a switch-over rule characterized by two critical numbers. In accordance with common practice, we consider service measures such as the average number of stockouts per unit time and the fraction of demand to be met directly from stock on hand. The purpose of the paper is to derive practically useful approximations for the switch-over levels of the control rule such that a pre-specified value of the service level is achieved.


Volume 3 ◽  
2004 ◽  
Author(s):  
Hua Dong ◽  
P. John Clarkson ◽  
Simeon Keates

In the past twenty years, a number of resources and tools to support inclusive design have been developed. However, the impact of these resources and tools on industry is not evident — few industrialists have been using them in practice. Investigations into industry have identified unmet needs, for example, the lack of appropriate user data relating to inclusive design. The fundamental problem is that few resources and tools have been developed based on rigorous requirements capture. In fact, many of them were developed only because the developers think the information could be useful. It is essential to prepare a detailed requirements list when clarifying the task at the product planning stage. This is also true for developing resources and tools for inclusive design. Requirements capture plays an important role in identifying real needs from users and developing appropriate methods of support for them. This paper starts with a survey of available resources and tools for inclusive design, and a discussion on their merits and deficiencies in respect to industry application. A number of methods are employed for the requirements capture for an inclusive design toolkit, which leads to a consistent result. An outline of the toolkit is also presented.


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