Internal rents and corporate property management: a study into the use of internal rents in UK corporate organisations

Research in the late 1980s showed that in many corporate real estates users were not fully aware of the full extent of their property holdings. In many cases, not only was the value of the holdings unknown, but there was uncertainty over the actual extent of ownership within the portfolio. This resulted in a large number of corporate occupiers reviewing their property holdings during the 1990s, initially to create a definitive asset register, but also to benefit from an more efficient use of space. Good management of corporately owned property assets is of equal importance as the management of other principal resources within the company. A comprehensive asset register can be seen as the first step towards a rational property audit. For the effective, efficient and economic delivery of services, it is vital that all property holdings are utilised to the best advantage. This requires that the property provider and the property user are both fully conversant with the value of the property holding and that an asset/internal rent/charge is made accordingly. The advantages of internal rent charging are twofold. Firstly, it requires the occupying department to “contribute” an amount to the business equivalent to the open market rental value of the space that it occupies. This prevents the treating of space as a free good and, as individual profit centres, each department will then rationalise its holdings to minimise its costs. The second advantage is from a strategic viewpoint. By charging an asset rent, the holding department can identify the performance of its real estate holdings. This can then be compared to an internal or external benchmark to help determine whether the company has adopted the most efficient tenure pattern for its properties. This paper investigates the use of internal rents by UK-based corporate businesses and explains internal rents as a form of transfer pricing in the context of management and responsibility accounting. The research finds that the majority of charging organisations introduced internal rents primarily to help calculate true profits at the business unit level. However, less than 10% of the charging organisations introduced internal rents primarily to capture the return on assets within the business. There was also a sizeable element of the market who had no plans to introduce internal rents. Here, it appears that, despite academic and professional views that internal rents are beneficial in improving the efficient use of property, opinion at the business and operational level has not universally accepted this proposition

Dynamics and structure of planetary rings

Recent research efforts were directed towards sharpening the understanding of kinematical and dynamical properties of the Uranian rings, with the combination of Earth-based and Voyager observations, and in obtaining and interpreting new observations of the Saturn system from the remarkable stellar occultation of 3 Jul. 1989. Some of the highlights studied include: (1) a detailed comparison of structure and dynamics of the Uranus rings from joint analysis of high quality Earth-based data and the complete set of Voyager occultation measurements; (2) a comprehensive search for weak normal modes excited in the Uranian rings, analogous to the m = 2 and m = 0 normal modes previously identified for the delta and gamma rings; (3) an ongoing search for faint rings and ring arcs of Uranus, using both Voyager images of the rings and Earth-based and spacecraft stellar occultation data; (4) a comparison of upper stratospheric temperatures of Uranus inferred from Voyager ultraviolet occultations with results of ground-based occultation observations; and (5) observations of the 3 Jul. 1989 Saturn occultation of 28 Sgr

Single stage to orbit/SDIO

This paper included a discussion of the United States' need for a launch system that demonstrates both high capacity and low cost. Current systems, which typically require two years' lead time to provide on-orbit service to space platforms, are too inflexible for many missions. A system is needed that is able to operate in much the same way as existing commercial aircraft. The SSTO program is focused on satisfying aircraft-like operations and logistics support requirements such as engine-out intact abort capability and seven-day, 350-man-day vehicle turnaround times

The case for Mars concept

The Case for Mars workshops conducted in 1984 dealt with a program to establish a permanent scientific research base at Mars. The participants, viewed a Mars base as the much needed long-term focus for the space program. A permanent base was chosen rather than the more conventional concept of a series of individual missions to different sites became the permanent base offers much greater scientific return plus greater crew safety and the potential for growth into a true colony. The results of the workshops are summarized

The Mars airplane

The concept of the Mars airplane was developed as a potential vehicle for unmanned Mars exploration. It is suggested that its most appropriate use would be as an unmanned adjunct to a manned mission. Functions such as reconnaissance, exploration, remote delivery of instruments, etc., are possible. Several operational aspects of such a vehicle are unique compared to Earth operating aircraft

Jet pump-drive system for heat removal

A jet pump, in combination with a TEMP, is employed to assure safe cooling of a nuclear reactor after shutdown. A TEMP, responsive to the heat from the coolant in the secondary flow path, automatically pumps the withdrawn coolant to a higher pressure and thus higher velocity compared to the main flow. The high velocity coolant is applied as a driver flow for the jet pump which has a main flow chamber located in the main flow circulation pump. Upon nuclear shutdown and loss of power for the main reactor pumping system, the TEMP/jet pump combination continues to boost the coolant flow in the direction it is already circulating. During the decay time for the nuclear reactor, the jet pump keeps running until the coolant temperature drops to a lower and safe temperature. At this lower temperature, the TEMP/jet jump combination ceases its circulation boosting operation. The TEMP/jet pump combination is automatic, self-regulating and provides an emergency pumping system free of moving parts

A Mathematical Model for Epitaxial Semiconductor Crystal Growth from the Vapor Phase on a Masked Substrate

Certain materials used in lasers are made by a process called epitaxial semiconductor crystal growth. In this report a mathematical model is developed for this growth process which occurs on a substrate at the junction between a masked region and exposed substrate in a vapor. This new model consists of two partial differential equations; one for the surface dynamics and one for the crystal growth on the exposed substrate. An analysis of the steady state solutions is furnished. Approximate solutions for time-dependent cases are found using two numerical methods. An asymptotic analysis is also carried out to determine transient solution behavior. The undesireable "bump" structure at the mask/substrate junction which has been observed experimentally is present in the solutions found by each method

Solar energy for process heat: Design/cost studies of four industrial retrofit applications

Five specific California plants with potentially attractive solar applications were identified in a process heat survey. These five plants were visited, process requirements evaluated, and conceptual solar system designs were generated. Four DOE (ERDA) sponsored solar energy system demonstration projects were also reviewed and compared to the design/cost cases included in this report. In four of the five cases investigated, retrofit installations providing significant amounts of thermal energy were found to be feasible. The fifth was rejected because of the condition of the building involved, but the process (soap making) appears to be an attractive potential solar application. Costs, however, tend to be high. Several potential areas for cost reduction were identified including larger collector modules and higher duty cycles

Ozonation of cooling tower waters

Continuous ozone injection into water circulating between a cooling tower and heat exchanger with heavy scale deposits inhibits formation of further deposits, promotes flaking of existing deposits, inhibits chemical corrosion and controls algae and bacteria