2,420 research outputs found

    MSCI Northern Ireland Commercial Property Report 2015

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    Accuracy of inference on the physics of binary evolution from gravitational-wave observations

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    The properties of the population of merging binary black holes encode some of the uncertain physics of the evolution of massive stars in binaries. The binary black hole merger rate and chirp mass distribution are being measured by ground-based gravitational-wave detectors. We consider isolated binary evolution and explore how accurately the physical model can be constrained with such observations by applying the Fisher information matrix to the merging black hole population simulated with the rapid binary population synthesis code COMPAS. We investigate variations in four COMPAS parameters: common envelope efficiency, kick velocity dispersion, and mass loss rates during the luminous blue variable and Wolf--Rayet stellar evolutionary phases. We find that 1000 observations would constrain these model parameters to a fractional accuracy of a few percent. Given the empirically determined binary black hole merger rate, we can expect gravitational-wave observations alone to place strong constraints on the physics of stellar and binary evolution within a few years.Comment: 12 pages, 9 figures; version accepted by Monthly Notices of the Royal Astronomical Societ

    Innovative real estate development finance – evidence from Europe

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    © 2016, © Emerald Group Publishing Limited. Purpose – This research aims to provide an insight into large-scale real estate projects in Europe and how they are using a more innovative blend of finance. Design/methodology/approach – The methodology involved a mix of desk-based study, interviews and case studies. Interviews were held with financiers, policymakers, developers, investors, fund managers and academics. The specific case projects were Battersea Power Station Development in London; Leipziger Platz site in Berlin; and the Lammenschans site in the city of Leiden, The Netherlands. Findings – The research found that there is growth in the blend of financial products used in real estate development within large-scale mixed-use projects. This new blend is set with greater equity financing, often from domestic and foreign consortiums generating institutional funds – alongside private debt financing – that utilise a mix of large-scale multi-bank finance. Practical implications – The scale of the challenge in financing real estate development allied with capital budget constraints has meant that the appetite for innovative finance mechanisms has gained considerable momentum in practice and policy. This research investigates current examples in development finance and provides a discussion of the opinion of key multi-stakeholder participants in the individual cases, and trends more strategically at a broader level. Originality/value – This detailed study of three major development sites and at a more broader strategic level is significant, in that it provides a better understanding of the differing blends of finance that are being used

    1994 Oklahoma broiler survey

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    The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

    Impact of quality-led design on real estate value: a spatiotemporal analysis of city centre apartments

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    This paper estimates the impact of quality design attributes on real estate value through empirical investigation of the owner-occupied multifamily residential sector. The methodological design is based on spatiotemporal modelling using a unique data-set of 424 Belfast City Centre apartments sold during the period 2000–2008. The key findings indicate that urban scale aspects of quality such as connectivity and vitality associated with building density add to real estate value. At the building level, quality features highly valued by home buyers are namely appropriateness of material quality, fenestration and massing to the surroundings. These key criteria are considered to have a significant visual perception compared to more complex concepts such as identity, material choice and overall condition. The contribution to knowledge involves extending the hedonic model to incorporate a wider selection of design quality variables; and improving estimation through the use of spatiotemporal modelling.</p
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