283 research outputs found

    A strategic turnaround model for distressed properties

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    The importance of commercial real estate is clearly shown by the role it plays, worldwide, in the sustainability of economic activities, with a substantial global impact when measured in monetary terms. This study responds to an important gap in the built environment and turnaround literature relating to the likelihood of a successful distressed commercial property financial recovery. The present research effort addressed the absence of empirical evidence by identifying a number of important factors that influence the likelihood of a successful distressed, commercial property financial recovery. Once the important factors that increase the likelihood of recovery have been determined, the results can be used as a basis for turnaround strategies concerning property investors who invest in distressed opportunities. A theoretical turnaround model concerning properties in distress, would be of interest to ‘opportunistic investing’ yield-hungry investors targeting real estate transactions involving ‘turnaround’ potential. Against this background, the main research problem investigated in the present research effort was as follows: Determine the important factors that would increase the likelihood of a successful distressed commercial property financial recovery. A proposed theoretical model was constructed and empirically tested through a questionnaire distributed physically and electronically to a sample of real estate practitioners from across the globe, and who had all been involved, directly or indirectly, with reviving distressed properties. An explanation was provided to respondents of how the questionnaire was developed and how it would be administered. The demographic information pertaining to the 391 respondents was analysed and summarised. The statistical analysis performed to ensure the validity and reliability of the results, was explained to respondents, together with a detailed description of the covariance structural equation modelling method used to verify the proposed theoretical conceptual model. vi The independent variables of the present research effort comprised; Obsolescence Identification, Capital Improvements Feasibility, Tenant Mix, Triple Net Leases, Concessions, Property Management, Contracts, Business Analysis, Debt Renegotiation, Cost-Cutting, Market Analysis, Strategic Planning and Demography, while the dependent variable was The Perceived Likelihood of a Distressed Commercial Property Financial Recovery. After analysis of the findings, a revised model was then proposed and assessed. Both validity and reliability were assessed and resulted in the following factors that potentially influence the dependent variables; Strategy, Concessions, Tenant Mix, Debt Restructuring, Demography, Analyse Alternatives, Capital Improvements Feasibility, Property Management and Net Leases while, after analysis, the dependent variable was replaced by two dependent variables; The Likelihood of a Distressed Property Turnaround and The Likelihood of a Distressed Property Financial Recovery. The results showed that Strategy (comprising of items from Strategic Planning, Business Analysis, Obsolescence Identification and Property Management) and Concessions (comprising of items from Concessions and Triple Net Leases) had a positive influence on both the dependent variables. Property Management (comprising of items from Business Analysis, Property Management, Capital Improvements Feasibility and Tenant Mix) had a positive influence on Financial Turnaround variable while Capital Improvements Feasibility (comprising of items from Capital Improvements Feasibility, Obsolescence Identification and Property Management) had a negative influence on both. Demography (comprising of items only from Demography) had a negative influence on the Financial Recovery variable. The balance of the relationships were depicted as non-significant. The present research effort presents important actions that can be used to influence the turnaround and recovery of distressed real estate. The literature had indicated reasons to recover distressed properties as having wide-ranging economic consequences for the broader communities and the countries in which they reside. The turnaround of distressed properties will not only present financial rewards for opportunistic investors but will have positive effects on the greater community and economy and, thus, social and economic stability. Vii With the emergence of the COVID-19 pandemic crisis, issues with climate change and sustainability, global demographic shifts, changing user requirements, shifts in technology, the threat of obsolescence, urbanisation, globalisation, geo-political tensions, shifting global order, new trends and different generational expectations, it is becoming more apparent that the threat of distressed, abandoned and derelict properties is here to stay, and which will present future opportunities for turnaround, distressed property owners, as well as future worries for urban authorities and municipalities dealing with urban decay. The study concluded with an examination of the perceived limitations of the study as well as presenting a comprehensive range of suggestions for further research.Thesis (PhD) -- Faculty of Engineering, Built Environment and Information Technology, School of the built Environment, 202

    Elements of Ion Linear Accelerators, Calm in The Resonances, Other_Tales

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    The main part of this book, Elements of Linear Accelerators, outlines in Part 1 a framework for non-relativistic linear accelerator focusing and accelerating channel design, simulation, optimization and analysis where space charge is an important factor. Part 1 is the most important part of the book; grasping the framework is essential to fully understand and appreciate the elements within it, and the myriad application details of the following Parts. The treatment concentrates on all linacs, large or small, intended for high-intensity, very low beam loss, factory-type application. The Radio-Frequency-Quadrupole (RFQ) is especially developed as a representative and the most complicated linac form (from dc to bunched and accelerated beam), extending to practical design of long, high energy linacs, including space charge resonances and beam halo formation, and some challenges for future work. Also a practical method is presented for designing Alternating-Phase- Focused (APF) linacs with long sequences and high energy gain. Full open-source software is available. The following part, Calm in the Resonances and Other Tales, contains eyewitness accounts of nearly 60 years of participation in accelerator technology. (September 2023) The LINACS codes are released at no cost and, as always,with fully open-source coding. (p.2 & Ch 19.10)Comment: 652 pages. Some hundreds of figures - all images, there is no data in the figures. (September 2023) The LINACS codes are released at no cost and, as always,with fully open-source coding. (p.2 & Ch 19.10

    Modern trends in digital transformation of marketing & management

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    The monograph examines the current trends in the development of digital technologies in marketing, management and business administration. The prospects for the development of digital technologies in various sectors of the economy of Ukraine and the trends of the influence of digital technologies on global shifts in the systems of marketing management and business administration are determined. The transformations of business models in the conditions of the digital economy are analyzed, the impact of blockchain technologies on the development of promising areas of the marketing management system and business administration is analyzed. Reasonable impact of digital technologies on the transformation of management systems in social, public, legal and administrative spheres and various sectors of the economy. The contours of the formation of the digital economy in the sectors of economic activity and the social sphere have been developed

    A strategic turnaround model for distressed properties

    Get PDF
    The importance of commercial real estate is clearly shown by the role it plays, worldwide, in the sustainability of economic activities, with a substantial global impact when measured in monetary terms. This study responds to an important gap in the built environment and turnaround literature relating to the likelihood of a successful distressed commercial property financial recovery. The present research effort addressed the absence of empirical evidence by identifying a number of important factors that influence the likelihood of a successful distressed, commercial property financial recovery. Once the important factors that increase the likelihood of recovery have been determined, the results can be used as a basis for turnaround strategies concerning property investors who invest in distressed opportunities. A theoretical turnaround model concerning properties in distress, would be of interest to ‘opportunistic investing’ yield-hungry investors targeting real estate transactions involving ‘turnaround’ potential. Against this background, the main research problem investigated in the present research effort was as follows: Determine the important factors that would increase the likelihood of a successful distressed commercial property financial recovery. A proposed theoretical model was constructed and empirically tested through a questionnaire distributed physically and electronically to a sample of real estate practitioners from across the globe, and who had all been involved, directly or indirectly, with reviving distressed properties. An explanation was provided to respondents of how the questionnaire was developed and how it would be administered. The demographic information pertaining to the 391 respondents was analysed and summarised. The statistical analysis performed to ensure the validity and reliability of the results, was explained to respondents, together with a detailed description of the covariance structural equation modelling method used to verify the proposed theoretical conceptual model. vi The independent variables of the present research effort comprised; Obsolescence Identification, Capital Improvements Feasibility, Tenant Mix, Triple Net Leases, Concessions, Property Management, Contracts, Business Analysis, Debt Renegotiation, Cost-Cutting, Market Analysis, Strategic Planning and Demography, while the dependent variable was The Perceived Likelihood of a Distressed Commercial Property Financial Recovery. After analysis of the findings, a revised model was then proposed and assessed. Both validity and reliability were assessed and resulted in the following factors that potentially influence the dependent variables; Strategy, Concessions, Tenant Mix, Debt Restructuring, Demography, Analyse Alternatives, Capital Improvements Feasibility, Property Management and Net Leases while, after analysis, the dependent variable was replaced by two dependent variables; The Likelihood of a Distressed Property Turnaround and The Likelihood of a Distressed Property Financial Recovery. The results showed that Strategy (comprising of items from Strategic Planning, Business Analysis, Obsolescence Identification and Property Management) and Concessions (comprising of items from Concessions and Triple Net Leases) had a positive influence on both the dependent variables. Property Management (comprising of items from Business Analysis, Property Management, Capital Improvements Feasibility and Tenant Mix) had a positive influence on Financial Turnaround variable while Capital Improvements Feasibility (comprising of items from Capital Improvements Feasibility, Obsolescence Identification and Property Management) had a negative influence on both. Demography (comprising of items only from Demography) had a negative influence on the Financial Recovery variable. The balance of the relationships were depicted as non-significant. The present research effort presents important actions that can be used to influence the turnaround and recovery of distressed real estate. The literature had indicated reasons to recover distressed properties as having wide-ranging economic consequences for the broader communities and the countries in which they reside. The turnaround of distressed properties will not only present financial rewards for opportunistic investors but will have positive effects on the greater community and economy and, thus, social and economic stability. Vii With the emergence of the COVID-19 pandemic crisis, issues with climate change and sustainability, global demographic shifts, changing user requirements, shifts in technology, the threat of obsolescence, urbanisation, globalisation, geo-political tensions, shifting global order, new trends and different generational expectations, it is becoming more apparent that the threat of distressed, abandoned and derelict properties is here to stay, and which will present future opportunities for turnaround, distressed property owners, as well as future worries for urban authorities and municipalities dealing with urban decay. The study concluded with an examination of the perceived limitations of the study as well as presenting a comprehensive range of suggestions for further research.Thesis (PhD) -- Faculty of Engineering, Built Environment and Information Technology, School of the built Environment, 202

    Decision support for participation in electricity markets considering the transaction of services and electricity at the local level

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    [EN] The growing concerns regarding the lack of fossil fuels, their costs, and their impact on the environment have led governmental institutions to launch energy policies that promote the increasing installation of technologies that use renewable energy sources to generate energy. The increasing penetration of renewable energy sources brings a great fluctuation on the generation side, which strongly affects the power and energy system management. The control of this system is moving from hierarchical and central to a smart and distributed approach. The system operators are nowadays starting to consider the final end users (consumers and prosumers) as a part of the solution in power system operation activities. In this sense, the end-users are changing their behavior from passive to active players. The role of aggregators is essential in order to empower the end-users, also contributing to those behavior changes. Although in several countries aggregators are legally recognized as an entity of the power and energy system, its role being mainly centered on representing end-users in wholesale market participation. This work contributes to the advancement of the state-of-the-art with models that enable the active involvement of the end-users in electricity markets in order to become key participants in the management of power and energy systems. Aggregators are expected to play an essential role in these models, making the connection between the residential end-users, electricity markets, and network operators. Thus, this work focuses on providing solutions to a wide variety of challenges faced by aggregators. The main results of this work include the developed models to enable consumers and prosumers participation in electricity markets and power and energy systems management. The proposed decision support models consider demand-side management applications, local electricity market models, electricity portfolio management, and local ancillary services. The proposed models are validated through case studies based on real data. The used scenarios allow a comprehensive validation of the models from different perspectives, namely end-users, aggregators, and network operators. The considered case studies were carefully selected to demonstrate the characteristics of each model, and to demonstrate how each of them contributes to answering the research questions defined to this work.[ES] La creciente preocupación por la escasez de combustibles fósiles, sus costos y su impacto en el medio ambiente ha llevado a las instituciones gubernamentales a lanzar políticas energéticas que promuevan la creciente instalación de tecnologías que utilizan fuentes de energía renovables para generar energía. La creciente penetración de las fuentes de energía renovable trae consigo una gran fluctuación en el lado de la generación, lo que afecta fuertemente la gestión del sistema de potencia y energía. El control de este sistema está pasando de un enfoque jerárquico y central a un enfoque inteligente y distribuido. Actualmente, los operadores del sistema están comenzando a considerar a los usuarios finales (consumidores y prosumidores) como parte de la solución en las actividades de operación del sistema eléctrico. En este sentido, los usuarios finales están cambiando su comportamiento de jugadores pasivos a jugadores activos. El papel de los agregadores es esencial para empoderar a los usuarios finales, contribuyendo también a esos cambios de comportamiento. Aunque en varios países los agregadores están legalmente reconocidos como una entidad del sistema eléctrico y energético, su papel se centra principalmente en representar a los usuarios finales en la participación del mercado mayorista. Este trabajo contribuye al avance del estado del arte con modelos que permiten la participación activa de los usuarios finales en los mercados eléctricos para convertirse en participantes clave en la gestión de los sistemas de potencia y energía. Se espera que los agregadores desempeñen un papel esencial en estos modelos, haciendo la conexión entre los usuarios finales residenciales, los mercados de electricidad y los operadores de red. Por lo tanto, este trabajo se enfoca en brindar soluciones a una amplia variedad de desafíos que enfrentan los agregadores. Los principales resultados de este trabajo incluyen los modelos desarrollados para permitir la participación de los consumidores y prosumidores en los mercados eléctricos y la gestión de los sistemas de potencia y energía. Los modelos de soporte de decisiones propuestos consideran aplicaciones de gestión del lado de la demanda, modelos de mercado eléctrico local, gestión de cartera de electricidad y servicios auxiliares locales. Los modelos propuestos son validan mediante estudios de casos basados en datos reales. Los escenarios utilizados permiten una validación integral de los modelos desde diferentes perspectivas, a saber, usuarios finales, agregadores y operadores de red. Los casos de estudio considerados fueron cuidadosamente seleccionados para demostrar las características de cada modelo y demostrar cómo cada uno de ellos contribuye a responder las preguntas de investigación definidas para este trabajo

    Healthcare Access

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    Adequate healthcare access not only requires the availability of comprehensive healthcare facilities but also affordability and knowledge of the availability of these services. As an extended responsibility, healthcare providers can create mechanisms to facilitate subjective decision-making in accessing the right kind of healthcare services as well various options to support financial needs to bear healthcare-related expenses while seeking health and fulfilling the healthcare needs of the population. This volume brings together experiences and opinions from global leaders to develop affordable, sustainable, and uniformly available options to access healthcare services
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