Risk management : a strategic advisor for a sound management of a leasing business

Organizations face a very wide range of risks that can impact the outcome of their operations. The constantly increasing risk in nowadays global financial markets emphasizes the importance of correctly estimating future losses, therefore, the management of the leasing company needs to find a good trade-off between business risk, performance risk and financial risk and to have a good strategy to maintain and/or improve the profitability. Although leasing may not be the subject to Basel II. Capital Accord regulatory requirements, in many respects it represents best practices, reflecting a combination of the views of sophisticated lenders represented on the Committee as well as those of the major regulators. Consequently, lenders in the leasing industry frequently look to Basel for benchmarking and insights. This paper aims to illustrate the importance of risk management holistic approach in assessing the risks of a leasing company and we intend to expound that the implementation of an effective risk management process is a key requirement for a modern leasing company that has as priority the need to align profitability, risk profile and asset quality. Also, we will draw attention to the regulatory environment and recent regulatory and supervisory developments with respect to risk management practice

Urban Garden Management Through the Use of IOT Monitoring Systems and Multi-Criteria Application

Modern cities face growing challenges in terms of food, the environment, and quality of life, making the opportunity to transform urban spaces into gardens increasingly relevant. The purpose of this paper is to present and detail the system developed within the U-GARDEN project, focusing on the creation and implementation of a multi-criteria application, including real-time monitoring of environmental conditions through the integration of IoT technology. This aims at efficiently managing various types of urban gardens, facilitating a sustainable approach, and optimizing plant development in these green spaces. The results obtained demonstrate the effectiveness of the developed system, providing users with the ability to identify and efficiently manage suitable locations for creating urban gardens, as well as monitoring real-time parameters relevant to optimizing environmental conditions and plant development. The QGIS-type application, enriched with a multi-criteria formula, proves to be a scalable and adaptable tool, contributing to the promotion of sustainable urban development by involving the community in managing green spaces. The system developed within the U-GARDEN project represents not only an innovative technological solution but also a practical and efficient tool for communities and other stakeholders, offering a sustainable way to transform cities into greener and more productive spaces

Synthetic aperture radar sensitivity to forest changes: A simulations-based study for the Romanian forests

Natural and anthropogenic disturbances pose a significant threat to forest condition. Continuous, reliable and accurate forest monitoring systems are needed to provide earlywarning of potential declines in forest condition. To address that need, state-of-the-art simulationsmodelswere used to evaluate the utility of C-, L- and P-band synthetic aperture radar (SAR) sensors within an integrated Earth-Observation monitoring system for beech, oak and coniferous forests in Romania. The electromagnetic simulations showed differentiated sensitivity to vegetation water content, leaf area index, and forest disturbance depending on SAR wavelength and forest structure. C-band data was largely influenced by foliage volume and therefore may be useful for monitoring defoliation. Changes in water content modulated the C-band signal by b1 dBwhichmay be insufficient for a meaningful retrieval of drought effects on forest. Cband sensitivity to significant clear-cuts was rather low (1.5 dB). More subtle effects such as selective logging or thinning may not be easily detected using C- or L-band data with the longer P-band needed for retrieving small intensity forest disturbances. Overall, the simulations emphasize that additional effort is needed to overcome current limitations arising from the use of a single frequency, acquisition time and geometry by tapping the advantages of dense time series, and by combining acquisitions from active and passive sensors. The simulation results may be applicable to forests outside of Romania since the forests types used in the study have similar morphological characteristics to forests elsewhere in Europe.Romanian National Agency for Scientific Research and Innovation Authorit

Factors contributing to drug-resistant tuberculosis treatment outcome in five countries in the Eastern Europe and Central Asia region

Drug-resistant tuberculosis (DR-TB) is a global challenge and a major contributor of death from anti-microbial resistance. With the main aim to determine factors contributing to treatment outcomes observed among DR-TB patients in the countries in Eastern Europe and Central Asia (EECA), a multi-method study was conducted in: Azerbaijan, Belarus, Romania, Tajikistan and Ukraine. Both quantitative and qualitative methodologies were used for data collection and analysis. The quantitative approaches included a desk review of documents related to the DR-TB responses and an analysis of clinical records of DR-TB patients in selected health facilities of the five countries. Qualitative methods included in-depth interviews with national TB programme (NTP) managers, other healthcare providers and non-governmental organizations (NGOs) workers, as well as interviews and Focus Group Discussions (FGDs) with DR-TB patients. The desk review of 38 reports identified as the main challenges to address DR-TB financial and/or management issues and adverse events of the medicines. The most common recommendations related to treatment outcome focussed on general programme management, treatment regimen composition, clinical management and social support for the patients. In all the five countries the NTPs still have a vertical structure. Some integration into the primary health care system (PHC) already exists but further involvement of PHC facilities is feasible and recommended. Interviews with stakeholders indicated that alcoholism and homelessness and a lack of appropriate response to these issues remain as major challenges for a sub-set of patients. Civil society groups, NGOs and communities are substantially engaged in providing different services to DR-TB patients, especially in Ukraine, Romania and Tajikistan. Data from clinical records of 212 patients revealed that independent risk factors for unfavourable treatment outcome (death, loss to follow-up, failure) were culture-positivity at two months of treatment, history of treatment with second-line drugs and homelessness. More powerful, less toxic and shorter oral treatment regimens as well as comprehensive patient support are needed to improve treatment outcome of patients with DR-TB

Effects of Marine Residue-Derived Fertilizers on Strawberry Growth, Nutrient Content, Fruit Yield and Quality

An outdoor experiment was performed for six months to evaluate the effects of organic fertilizers obtained from marine residual materials on strawberry plants. Three types of organic fertilizers were used, i.e., cod (Gadus morhua) bone powder, common ling (Molva molva) bone powder, and pellets obtained by mixing small cod bone powder and rockweed (Ascophyllum nodosum) residues. A tabletop system for strawberry cultivation was designed, in which two bare-root strawberry plants of cultivar ‘Albion’ were planted in a peat substrate in each pot. Five treatments were applied, i.e., cod bone powder (F1), common ling bone powder (F2), small cod bone powder and rockweed residue pellets (FA), chemical fertilizer (E), and a control (C). The number of leaves and their nutrient content, fruit yield and quality characteristics of the strawberries grown using the organic fertilizers were similar or better than those corresponding to treatments E and C. Organic fertilizers derived from the residues of fish and macroalgae could be a promising alternative to chemical fertilizers in strawberry production

Measurement of the cross-section and charge asymmetry of WW bosons produced in proton-proton collisions at s=8\sqrt{s}=8 TeV with the ATLAS detector

This paper presents measurements of the $W^+ \rightarrow \mu^+\nu$ and $W^- \rightarrow \mu^-\nu$ cross-sections and the associated charge asymmetry as a function of the absolute pseudorapidity of the decay muon. The data were collected in proton--proton collisions at a centre-of-mass energy of 8 TeV with the ATLAS experiment at the LHC and correspond to a total integrated luminosity of 20.2~\mbox{fb^{-1}}. The precision of the cross-section measurements varies between 0.8% to 1.5% as a function of the pseudorapidity, excluding the 1.9% uncertainty on the integrated luminosity. The charge asymmetry is measured with an uncertainty between 0.002 and 0.003. The results are compared with predictions based on next-to-next-to-leading-order calculations with various parton distribution functions and have the sensitivity to discriminate between them.Comment: 38 pages in total, author list starting page 22, 5 figures, 4 tables, submitted to EPJC. All figures including auxiliary figures are available at https://atlas.web.cern.ch/Atlas/GROUPS/PHYSICS/PAPERS/STDM-2017-13