Effect of Nitric Acid Concentration on the Compressive Strength of Laterized Concrete

Laterized concrete is concrete in which some or all of the fine aggregates is from laterite. In this study, the effects of varying nitric acid concentrations (0%, 5%, 10%, 15%, and 20%), mix proportions (1:1:2, 1:1½:3), exposure period (28, 56, and 84 days) and percentage laterite content (0%, 25%, and 50%) on the compressive strength of laterized concrete were investigated. The tests were carried out with a view to simulating the performance of laterized concrete in contact with soluble nitrate-based substances. 100x100x100mm cubes of laterized concrete were cast and moist-cured for 28 days and the strength of concrete at this age was determined. The cubes were thereafter immersed in 0%, 5%, 10%, 15%, and 20% concentrations of nitric acid for a total of 84 days. Compressive strength tests were carried out at the end of 28 days, 56 days and 84 days of immersion. The results of the tests indicated that the compressive strength significantly reduces with increase in acid concentration, immersion period and laterite content. The effect of richness of mix on resistance of laterized concrete to the acidic aggression becomes more pronounced at the highest (50%) laterite content

Cost Optimization of Sandcrete Blocks through Partial Replacement of Sand with Lateritic Soil

This work finds a way in which lateritic soil within Ota, Ogun State of Nigeria could be used in the production of hollow sandcrete blocks. This replacement is intended to develop more economic sandcrete blocks since the cost of lateritic soil in Ota is much less than the cost of the conventional fine aggregate used in the production of sandcrete blocks without compromising the intergrity of the blocks. It was deduced from literatures that inclusion of lateritic soil in sandcrete block production results in a lesser quality blocks. However, this work found the maximum permissible replacement that still makes the blocks to be within the recommended standard. The blocks were produced with each lateritic soil sample from different sources replacing sand in steps of ten percent to 60% and their compressive strengths determined and compared with that of a standard sandcrete block to check for the acceptable percentage replacement. In the compressive strength test, 72 numbers of 225 x 225 x 450mm hollow laterised sandcrete block sizes were produced, cured and crushed to determine their twenty-eight-day compressive strength. Cost analysis was performed discovered that the inclusion of the lateritic soil saves the cost of production by 11.89%. This percentage replacement can be recommended to the block moulding industries within Ota with a view to reducing the production costs of the blocks

Global Financial and Macroeconomic Fluctuations: Implications for African Economic Development

In the light of dampening effects of the global financial melt-down, the paper examines the trends in financial flows, particularly foreign direct investment (FDI) and the possible effects of the global financial crisis and macroeconomic fluctuations on economic development in Africa. The paper employs simple panel data approach which links panel data methodology that allows for individual heterogeneity, while the method of estimation is the Fixed and Random Effects regression. The method of panel VAR is also used in the paper with a view to capturing the dynamic effects of FDI inflows for policy analysis using the impulse response functions. The number of countries (27) included in the paper and the period of estimation, 1987-2007, are informed by data availability. With some suggestions on the direction of policy to stimulate increased financial flows, the paper opines that there is the need for comparative dynamics of African economies in order to return to the path of sustainable growth and development

Recycling fine sandcrete block waste (FSBW)as fine Aggregate in the production of sandcrete Block

The study investigated the use of Fine Sandcrete Block Waste (FSBW) as fine aggregate in the production of sandcrete blocks with a view of controlling waste and decongesting block molding production sites. Standard sandcrete blocks of size 450mmX225mmX225mm were prepared from a mix ratio 1:6 (cement: fine aggregate) containing sand and FSBW as fine aggregates. The sand was partially replaced by FSBW in the mix within the range 0% - 90% in steps of 10%. The blocks were cured for 28 days and then tested for compressive strength. The physical properties of both the sand and FSBW were also determined. The results of the study revealed that the physical properties of FSBW compares favorably with those of conventional sand with the exception of water absorption. It further showed that the density and the compressive strength of the tested blocks decrease as the percentage replacement of sand with FSBW increases. The density of the blocks varied linearly with the compressive strength. Blocks prepared for mixes having 50% FSBW content or less were found to satisfy the minimum recommended compressive strength of 3.45N/mm2 (NIS 87:2000)

THE CAUSAL STRUCTURE OF LAND PRICE DETERMINANTS

This paper investigates causation contemporaneously and over time to elucidate the persistent lack of agreement about what "causes" changes in farmland prices. Using recently developed causal modeling framework of directed acyclic graphs (DAGs) and cointegrated (VAR) techniques, the assumed causal structures of existing structural and empirical models are tested directly. The results validate concerns about the nonstationarity of these series. Land price changes are found to respond to a small subset of the oft-cited causes of price change, including macroeconomic variables.Land Economics/Use,

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Estimating Risk Preferences in the Field

We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of models of risk preferences—including both expected utility (EU) theory and non-EU models—that have been estimated using field data, and we highlight issues related to identification and estimation of such models using field data. We then survey the literature, giving separate treatment to research that uses individual-level data (e.g., property insurance data) and research that uses aggregate data (e.g., betting market data). We conclude by discussing directions for future research

The Nature of Risk Preferences: Evidence from Insurance Choices

The authors use data on insurance deductible choices to estimate a structural model of risky choice that incorporates standard risk aversion (diminishing marginal utility for wealth) and probability distortions. They find that probability distortions--characterized by substantial overweighting of small probabilities and only mild insensitivity to probability changes--play an important role in explaining the aversion to risk manifested in deductible choices. This finding is robust to allowing for observed and unobserved heterogeneity in preferences. They demonstrate that neither Kőszegi-Rabin loss aversion alone nor Gul disappointment aversion alone can explain our estimated probability distortions, signifying a key role for probability weighting

Distinguishing Probability Weighting from Risk Misperceptions in Field Data

The paper outlines a strategy for distinguishing rank-dependent probability weighting from systematic risk misperceptions in field data. Our strategy relies on singling out a field environment with two key properties: (i) the objects of choice are money lotteries with more than two outcomes and (ii) the ranking of outcomes differs across lotteries. We first present an abstract model of risky choice that elucidates the identification problem and our strategy. The model has numerous applications, including insurance choices and gambling. We then consider the application of insurance deductible choices and illustrate our strategy using simulated data