The estimation of mixed demand systems

Horticulture;Consumer Choice

Study of inducer load and stress Interim report, 15 Feb. 1968 - 15 Oct. 1968

Literature survey, analytic formulations, and test rig designs for cavitating inducers in rocket engine turbopump

Private Equity und Familienunternehmen: eine Untersuchung unter besonderer Berücksichtigung deutscher Maschinen- und Anlagenbauunternehmen

Despite the common view that there is inherently a relationship of confliction, it is now impossible to imagine the financing of family-owned enterprises in Germany without the alternative method of Private Equity financing. Based on a survey on Private Equity in family owned companies specialising in the mechanical engineering sector, this working paper identifies that Private Equity in general is not as unwanted as once assumed. Overall more than 3/4 of the surveyed companies do not exclude investment capital. However, the study demonstrates that the time of large buy-outs is arguably up, and minority capital has now come into vogue. This working paper examines, from the viewpoint of the managing directors of the studied companies, the conceptions and beliefs held by such persons about Private Equity. Generally speaking, besides loss of control, managing directors primarily fear Private Equity because of exaggerated returns on investment at the expense of the long-term development of the company. On the other hand, this paper also highlights that managing directors expect that Private Equity can have a positive element as it can enable bank independence, especially at a time when it becomes increasingly difficult to maintain creditworthiness. Further, this paper analyses the relationship between the managing director of the family enterprise and the Private Equity investor. Because of the special situation of the managing director in a family owned company, trust between that person and the Private Equity investor is one of the most important factors. If there is a lack of trust the business relation is troubled from the start

Watershed Forest Management Information System (WFMIS)

Maintenance of a sustainable clean water supply is critical for our future. However, watershed degradation is a common phenomenon around the world that leads to poor water quality. In order to protect water resources, the Watershed Forest Management Information System (WFMIS), was developed as an extension of ArcGIS® and is described in this paper. There are three submodels to address nonpoint source pollution mitigation, road system management, and silvicultural operations, respectively. The Watershed Management Priority Indices (WMPI) is a zoning approach to prioritize critical areas for conservation and restoration management. It meets the critical need to spatially differentiate land cover and site characteristics within a watershed to quantify their relative influence on overall water quality. The Forest Road Evaluation System (FRES) is a module to evaluate road networks in order to develop preventive management strategies. The Harvest Schedule Review System (HSRS) is a module to analyze and evaluate multi-year and multi-unit forest harvesting to assist in the reduction of impact on water yield and associated changes in water quality. The WFMIS utilizes commonly available spatial data and has user friendly interfaces to assist foresters and planners to manage watersheds in an environmentally healthy way. Application examples of each submodel are presented

Private Equity und Familienunternehmen: eine Untersuchung unter besonderer Berücksichtigung deutscher Maschinen- und Anlagenbauunternehmen

Despite the common view that there is inherently a relationship of confliction, it is now impossible to imagine the financing of family-owned enterprises in Germany without the alternative method of Private Equity financing. Based on a survey on Private Equity in family owned companies specialising in the mechanical engineering sector, this working paper identifies that Private Equity in general is not as unwanted as once assumed. Overall more than 3/4 of the surveyed companies do not exclude investment capital. However, the study demonstrates that the time of large buy-outs is arguably up, and minority capital has now come into vogue. This working paper examines, from the viewpoint of the managing directors of the studied companies, the conceptions and beliefs held by such persons about Private Equity. Generally speaking, besides loss of control, managing directors primarily fear Private Equity because of exaggerated returns on investment at the expense of the long-term development of the company. On the other hand, this paper also highlights that managing directors expect that Private Equity can have a positive element as it can enable bank independence, especially at a time when it becomes increasingly difficult to maintain creditworthiness. Further, this paper analyses the relationship between the managing director of the family enterprise and the Private Equity investor. Because of the special situation of the managing director in a family owned company, trust between that person and the Private Equity investor is one of the most important factors. If there is a lack of trust the business relation is troubled from the start. --Private equity,buyout,family owned enterprises,minority capital,credit crisis,MBO,MBI,return on investments,LBO,leveraged finance,M&A