Agency Risks in Outsourcing Corporate Real Estate Functions

Firms outsource business functions to focus on core competencies and cut operating expenses. However, companies must consider agency costs in determining the optimal staffing/outsourcing balance. Analysis of the views of corporate real estate managers and real estate service providers indicate that although they share a common vision of the role of corporate real estate, providers focus more on traditional real estate tasks than on corporate business strategy. The optimum balance of staffing/outsourcing may consist of a corporate real estate staff that understands the overall corporate strategy and devotes its resources to strategic planning, program development, contracting, and monitoring outsourced tasks.

Use of cohesive elements in fatigue analysis

Cohesive laws describe the resistance to incipient separation of material surfaces. A cohesive finite element is formulated on the basis of a particular cohesive law. Cohesive elements are placed at the boundary between adjacent standard volume finite elements to model fatigue damage that leads to fracture at the separation of the element boundaries per the cohesive law. In this work, a cohesive model for fatigue crack initiation is taken to be the irreversible loadingunloading hysteresis that represents fatigue damage occuring due to cyclic loads leading to the initiation of small cracks. Various cohesive laws are reviewed and one is selected that incorporates a hysteretic cyclic loading that accounts for energetic dissipative mechanisms. A mathematical representation is developed based on an exponential effective load-separation cohesive relationship. A three-dimensional cohesive element is defined using this compliance relationship integrated at four points on the mid-surface of the area element. Implementation into finite element software is discussed and particular attention is applied to numerical convergence issues as the inflection point between loading and 'unloading in the cohesive law is encountered. A simple example of a displacementcontrolled fatigue test is presented in a finite element simulation. Comments are made on applications of the method to prediction of fatigue life for engineering structures such as pressure vessels and piping

A preliminary assessment of age at death determination using the nuclear weapons testing 14C activity of dentine and enamel

Calibration (using CALIBomb) of radiocarbon measurements made on the enamel of human teeth from people born during the nuclear era typically produce 2 possible age ranges that potentially reflect the period of tooth formation. These ranges correspond to periods before and after the 1963 atmospheric 14C maximum. Further measurements made on the collagen component of the combined dentine and cementum from the roots of the same teeth enable the appropriate age range to be selected. Using this range and the formation times for individual teeth, we estimated the year of birth of the individuals and compared these to the known dates of birth. The results were relatively accurate and confirmed those of a previous study by another research group. The present study demonstrates that it is possible to produce a good estimate of the year of birth from a single tooth

Time, Place, Space, Technology and Corporate Real Estate Strategy

Few corporations take a strategic approach to managing real estate. This survey finds that corporate real estate managers and service providers in Australia, Hong Kong, the United Kingdom and the United States continue to fulfill a traditional transactional role within their organizations. Real estate is not cooperating with other parts of the organization to provide their companies with flexibility that could increase competitiveness. While the use of technology is growing, real estate managers remain uncertain about its role in their future. Corporate real estate managers believe that to be effective in the future they will need strategic planning skills and business knowledge.

Bayesian inference with an adaptive proposal density for GARCH models

We perform the Bayesian inference of a GARCH model by the Metropolis-Hastings algorithm with an adaptive proposal density. The adaptive proposal density is assumed to be the Student's t-distribution and the distribution parameters are evaluated by using the data sampled during the simulation. We apply the method for the QGARCH model which is one of asymmetric GARCH models and make empirical studies for for Nikkei 225, DAX and Hang indexes. We find that autocorrelation times from our method are very small, thus the method is very efficient for generating uncorrelated Monte Carlo data. The results from the QGARCH model show that all the three indexes show the leverage effect, i.e. the volatility is high after negative observations

Effects to Scalar Meson Decays of Strong Mixing between Low and High Mass Scalar Mesons

We analyze the mass spectroscopy of low and high mass scalar mesons and get the result that the coupling strengths of the mixing between low and high mass scalar mesons are very strong and the strengths of mixing for $I=1, 1/2$ scalar mesons and those of I=0 scalar mesons are almost same. Next, we analyze the decay widths and decay ratios of these mesons and get the results that the coupling constants $A'$ for $I=1, 1/2$ which represents the coupling of high mass scalar meson $N'$ -> two pseudoscalar mesons $PP$ are almost same as the coupling $A'$ for the I=0. On the other hand, the coupling constant $A$ for $I=1, I=1/2$ which represents the low mass scalar meson $N$ -> $PP$ are far from the coupling constant $A$ for I=0. We consider a resolution for this discrepancy. Coupling constant $A''$ for glueball $G$ -> $PP$ is smaller than the coupling $A'$. $\theta_P$ is $40^\circ \sim 50^\circ$.Comment: 15 pages, 6 figure