Capital-intensive Industries In Newly Industrializing Countries

2019 ◽  
Author(s):  
Bernhard Fischer
2020 ◽  
Vol 78 (12) ◽  
pp. 1276-1285
Author(s):  
Shibu John A

Enterprise asset management (EAM) systems are used by asset owners and/or operators to manage the maintenance of their physical assets. These assets, including equipment, facilities, vehicles, and infrastructure, need maintenance to sustain their operations. An EAM system provides the means to have less unplanned downtime and extended asset longevity, which offers clear business benefits that improve the profit and loss statement and balance sheet. Particularly for capital-intensive industries, like drilling and exploration, the failure of on-time delivery of critical equipment or processes is disruptive and costs nonproductive time and customer satisfaction. Organizations understand these issues and employ an appropriate asset management system to engineer their asset maintenance and management. An EAM system is needed to manage the people, assets/equipment, and processes. EAMs are used to plan, optimize, execute, and track the needed maintenance activities with associated priorities, skills, materials, tools, and information. Similarly, nondestructive testing (NDT) is used as a tool for integrity assessment of assets in drilling and exploration. The main advantage of using NDT is that the item’s intended use or serviceability is not affected. The selection of a specific technique should be based on knowledge and skills that include design, material processing, and material evaluation. Validating the purpose of this paper, we emphasize the importance of optimizing the asset utilization and serviceability to enhance overall efficiency by integrating EAM software that manages assets, the operation management system (OMS) controlling the processes, and asset inspection management systems (AIMSs).


1977 ◽  
Vol 16 (4) ◽  
pp. 383-404
Author(s):  
Surraiya Nlshat

The Heckscher-Ohlin (H-O) theorem occupies a central position in the discussion of the pattern of trade between countries. According to this theorem a country should specialize in the production and export of those commodities which require more of those factors with which the country is relatively well endowed, i.e., a labour-abundant country should export labour-intensive product and a capital-abundant economy should export capital-intensive goods.


2017 ◽  
Author(s):  
Philipp Meyer-Doyle ◽  
John Kenneth Mawdsley ◽  
Olivier Chatain

2006 ◽  
Vol 33 (1) ◽  
pp. 3-24 ◽  
Author(s):  
Dale L. Flesher ◽  
Gary J. Previts ◽  
William D. Samson

This study of the annual reports of the Illinois Central Railroad (IC) from the 1850s supports a conclusion that the statements, as to form and content, were developed to serve the needs of two classes of investors and to inform the general community of the activities of the company. The need to report to the public as to the success of the company's role in its “social contract” to develop the state required details of a demographic nature, which were provided by the land commissioner. Operating results provided evidence of the ability to service the debts held by European investors and to inform British venture capitalists of the extent of the company's operations. This communication with the distant capital providers was a new development in financial reporting as the capital-intensive railroads experienced management and ownership separation on a scale not seen before. In summary, the IC provided annual reports more detailed and informative than those of other corporations of the period because of a need to provide European investors with evidence of management's activities.


Catalysts ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 677
Author(s):  
John Onolame Unuofin

Laccase is increasingly adopted in diverse industrial and environmental applications, due to its readily accessible requirements for efficient catalytic synthesis and biotransformation of chemicals. However, it is perceived that its industrial production might incur some unfavorable overhead, which leads to expensive market products, and the corresponding negative environmental feedback, due to the use of capital-intensive and precarious chemicals. To this end, this study was designed to evaluate the performance indicators of the valorization of wheat bran by a novel Jb1b laccase and its subsequent application in waste minimization and water management, on a laboratory scale. Optimal Jb1b laccase was produced in submerged fermentation medium containing wheat bran, an agroindustrial residue, through response surface methodology (RSM) algorithm, and was applied in dye decolorization and denim bioscouring, respectively. Results showed that the resultant enzyme manifested unique biochemical properties, such as enhanced tolerance at certain physicochemical conditions, with a residual activity of at least ca. 76%. Furthermore, phenomenally high concentrations of synthetic dyes (0.2% w v−1) were decolorized over 56 h, and a 6 h mediator-supported simultaneous denim bleaching and decolorization of wash effluent was observed. The sustainability of the production and application processes were inferred from the reusability of the fermentation sludge as a potential biofertilizer, with subsequent prospects for the biostimulation and bioaugmentation of contaminated soils, whereas the decolorized water could be adopted for other uses, amongst which horticulture and forestry are typical examples. These phenomena therefore authenticate the favorable environmental feedbacks and overhead realized in this present study.


1978 ◽  
Vol 5 (3) ◽  
pp. 334-339
Author(s):  
Brian E. Sullivan

The transit system serving Greater Vancouver has high ridership and a high rate of growth. Using as a base the well-designed, well-patronized trolleybus grid in the City of Vancouver, an inter-connected suburban bus network has been created, with radial, cross-radial, and local routes meeting on a timed connection basis at suburban shopping centres and other foci. Planners' thoughts for the future include greater emphasis on the micro and macro aspects of land use and relations to transit; the use of capital intensive modes for heavy trunk routes; and the use of various forms of para-transit for low-density and certain feeder applications.


2012 ◽  
Vol 64 (4) ◽  
pp. 622-658 ◽  
Author(s):  
Mark S. Manger

During the last two decades, the number of preferential trade agreements (PTAs) grew almost exponentially to over 270 by 2010. A majority of these are agreements between developed and developing countries. Existing models provide little economic rationale for these agreements, but the existing literature lumps North-South PTAs together with other types of trade pacts. This article offers an explanation focused on the movement of less capital-intensive manufacturing from North to South, which in turn stimulates the exchange of similar goods differentiated by unit value—also referred to as vertical intra-industry trade. The North exports more capitalintensive goods, while more labor-intensive goods are produced and traded by the South. This kind of specialization creates incentives for governments to support PTAs. The author tests this model using a new measure of vertical trade specialization and finds strong evidence that such specialization promotes PTA formation. North-South PTAs should therefore be seen as part of a broader shift of manufacturing from high- to middle-income countries.


Author(s):  
Sidney Pereira dos Santos

Gas pipeline projects are capital intensive and normally are developed under scenarios of uncertainty. Such uncertainties vary from closing take-or-pay, ship-or-pay or delivery-or-pay agreements to those uncertainties related to the acquisition of equipments, material and construction and assembling contracts. Natural gas compression service contracts with compressor station using gas motors and reciprocating compressors have been widely adopted at PETROBRAS as economically feasible against holding the stations as part of the pipeline asset as well as providing an effective approach to mitigate risks inherent to the gas business and associated to the compressor stations. Although compression service contracts with turbo compressors (gas turbine drivers and centrifugal compressors) have not yet been accomplished at PETROBRAS for gas pipeline projects, studies and preliminaries discussions shows that, taken into consideration certain relevant aspects, they will also present great opportunity to be adopted and will generate the same advantages already perceived for the compression service contracts with stations that uses gas motor drivers and reciprocation compressors. This paper has the objective of presenting an economic approach and a business model addressing the main points that must be considered while doing feasibility analysis between the alternatives of holding property of the compression station asset against the opportunity of having a compression service contract as operating cost for the project. Questions such as how to address depreciation, overhaul costs and tailor made equipment, such as centrifugal compressors, are raised and answered.


2010 ◽  
Vol 450 ◽  
pp. 365-368
Author(s):  
James C. Chen ◽  
Chia Wen Chen ◽  
Kou Huang Chen ◽  
Chien Hsin Lin

Wafer fabrication is a capital intensive industry. A 12-inch wafer fabrication plant needs a typical investment of US$ 3 billion, and the equipment cost constitutes about two-thirds to three-quarters of the total production costs. Therefore, capacity planning is crucial to the investment and performance of wafer fabrication plants. Several formulae are presented to calculate the required number of machines with sequential, parallel, and batch processing characteristics, respectively. An AutoSched AP simulation model using data from real foundry fabrication plants is used in a case study to evaluate the performance of the proposed formulae. Simulation results indicate that the proposed formulae can quickly and accurately calculate the required number of cluster tools leading to the required monthly output rate.


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