It\u27s all about the money: adding value to industry through industrial design-led innovations

There are a lot of studies describing the importance of university-industry engagement (Shane, 2004; Friedman and Silberman, 2003; Jensen et al., 2003; Link et al., 2003, D\u27Este and Patel, 2007), however very few describe the detailed working relationships required to satisfy both the university and the company involved. More importantly, there is limited work done showing the value of such engagement from a commercial point of view. This study provides an authoritative guide for understanding successful engagement with industry to help manufacturers diversify their output to increase profit margins and sustain production in often declining industries. This study plays particular focus to industrial design-led innovations for manufacturers directly associated with the demise of the Australian automotive sector. Research-led practice in industrial design shows the importance of new product options for these struggling automotive supply companies and the manner in which this is done successfully is discussed with evidence from recent activities completed for prominent Australian automotive suppliers. Following this, customer engagement through sales and marketing, the value issues, the value for customers and the value for companies engaging with universities is described to provide a clear method of engagement from initial meeting through to commercially viable outcome

Viewpoint: Design and Engineering Convergence Education in a Korean and Australian Context

Background - In this article, we provide two views on product design engineering education of two design educators from Korea and Australia. We argue that industrial design and engineering design need to be combined in order to support a total design philosophy that aims to improve design education. Therefore, the changing direction of design education for a total design perspective — and Korean and Australian design education — including industry situations are discussed. Product design education in Korea has focused on developing the physical appearance of a product. The concept of engineering design was recently introduced in Korea, and most design schools still belong to art schools. Nowadays, Korean industry is required to develop new businesses in the manufacturing sector, as the industry is facing the situation where ???fast follower??? strategy does not work for sustained growth and ultimately sustained success. This has grabbed the attention of product design engineers who can develop creative designs and materialize the concepts. In contrast, Australia is facing the end of a mining boom as well as a significant decline in automotive manufacturing. This has forced industry to challenge innovation in manufacturing which has generally been made up of SMEs. As such, the role of product design engineering is emphasized. We conclude that product design engineering education with industrial design and mechanical engineering can be primitive to strengthen the competitiveness of the manufacturing industry in both countries. Methods - The views provided in this article were assembled from the existing literature, and based on our current experience of running design engineering convergence education programs in undergraduate and graduate levels. In general, the arguments made in this article are not attracted from theoretical and empirical research. They are rather based on our own perspectives of design engineering education. Thus, the views can be more critically based on holistic analyses of industry situations. Results & Conclusions - In this article, we examine that how a strong and well-defined product design engineering program within a university context can add significant value to the industry. Product design engineering is a hybrid program that combines analytical engineering sciences with creative industrial design capabilities. It provides a platform that can reshape product offerings for companies that seek to diversify or expand into new markets. Product design engineering links seamlessly toward current industry needs by producing creative design engineers at the forefront of innovation and new product development.ope

Accelerometer and global positioning system measurement of recovery of community ambulation across the first 6 months after stroke: an exploratory prospective study

Objective: To characterize community ambulation and determine if it changes across the first 6 months after discharge from hospital after stroke

Black economic empowerment transactions and employee share options : features of non-traded call options in the South African market

Employee share options and Black Economic Empowerment deals are financial instruments found in the South African market. Employee share options (ESOs) are issued as a form of non-cash compensation to the employees of the company in addition to their salaries or bonuses. Its value is linked to the share price and since there is no downside risk for the employee his share option is similar to owning a call option on the stock of his employer. Black economic empowerment (BEE) deals in this report refer to those types of transactions structured by listed South African companies to facilitate the transfer of a portion of their ordinary issued share capital to South African individuals or groups who qualify under the Broad-Based Black Economic Empowerment Act of 2003 (“the Act”). This Act requires a minimum percentage of the company to be black-owned in order to address the disproportionate distribution of wealth amongst racial groups in South Africa due to the legacy of Apartheid. These transactions are usually structured in such a way to allow the BEE partner to participate in the upside of the share price beyond a certain level but not in the downside which replicates a call option on the share price of the issuing company. The cost of both ESOs and BEE deals has to be accounted for on the balance sheet of the issuing company at its fair-value. Neither of these instruments can be traded and their extended option lifetimes are features that distinguish these deals significantly from regular traded options for which liquid markets exist. This makes pricing them a non-trivial exercise. A number of types of mathematical models have been developed to take the unique structure features into account to price them as accurately as possible. Research by Huddart&Lang (1995&1996) has shown that option holders often exercise their vested options long before the maturity of the transactions but are unable to quantify a measure that can be used. The wide variety of factors influencing option holders (recent stock price movements, market-to-strike ratio, proximity of vesting dates, time to maturity, share price volatility and wealth of option holder) as well as little exercise data publicly available prevents the options from being priced in a consistent manner. Various assumptions regarding the exercise behaviour of option holders are used that are not based on empirical observations even though the option prices are sensitive to this input. This dissertation provides an overview of the models, inputs and exercise behaviour assumptions that are recognized in pricing both ESOs and BEE deals under IFRS 2 in South Africa. This puts the reader in a position to evaluate all pricing aspects of these deals. Furthermore, their structuring are also analysed in order to identify the general issues related to them. A number of methods to manage the pricing issue surrounding exercise behaviour on ESOs have been considered for the South African market. The ESO Upper Bound-methodology showed that for each strike there is a threshold at which exercise will occur and the employee can invest the after-tax proceeds in a diversified portfolio with a higher expected return than that of the single equity option. This approach reduces the standard Black-Scholes option value without relying on assumptions about the employee’s exercise behaviour and is a viable alternative for the South African market. The derived option value represents the cost of the option. Seven large listed companies’ BEE transactions are dissected and compared against one another using the fair-value of the transaction as a percentage of the market capitalization of the company. The author shows how this measure is a more equitable way of assigning BEE credits to companies than the current practice which is shareholding-based. The current approach does not reward the effort (read cost) that a company has undertaken to transfer shares to black South Africans but only focuses on the amount that is finally owned by the BEE participants. This leaves the transaction vulnerable to a volatile share price and leads to transactions with extended lock-in periods that do not provide much economic benefit to the BEE participants for many years. Other inefficiencies in the type of BEE transactions that have emerged in reaction to the BEE codes that have been published by the South African government are also considered. Finally the funding model that is often used to facilitate these deals is assessed and the risks involved for the funder (bank) is reflected on.Dissertation (MSc)--University of Pretoria, 2011.Mathematics and Applied Mathematicsunrestricte

Chest physiotherapy improves regional lung volume in ventilated children.

A letter to the edito

“I give it everything for an hour then i sleep for four.” The experience of post-stroke fatigue during outpatient rehabilitation including the perspectives of carers : A qualitative study

Background: Fatigue is a debilitating post-stroke symptom negatively impacting rehabilitation. Lack of acknowledgment from carers can be additionally distressing. The purpose of this study was to describe the experience of post-stroke fatigue during outpatient rehabilitation, including the perspectives of carers. Methods: This qualitative study was guided by descriptive phenomenology within a constructivist paradigm. Semi-structured interviews were conducted with stroke survivors experiencing fatigue (Fatigue Assessment Scale >23) and attending outpatient rehabilitation. Carers were also interviewed where identified, providing insight into their own and stroke survivor experiences. Data were analyzed according to Colaizzi's analytic method. Results: Fourteen stroke survivors (50% culturally and linguistically diverse), and nine carers participated. Six themes were identified: 1. The unpredictable and unprepared uncovering of fatigue; 2. Experience and adjustment are personal 3. Being responsible for self-managing fatigue; 4. The complex juggle of outpatient stroke rehabilitation with fatigue; 5. Learning about fatigue is a self-directed problem-solving experience; 6. Family and carers can support or constrain managing fatigue. Conclusion: Despite engaging in outpatient rehabilitation, stroke survivors largely learnt to manage fatigue independent of healthcare professionals. Carers often facilitated learning, monitoring rehabilitation, daily routines and fatigue exacerbation. Conversely, family could be dismissive of fatigue and possess unrealistic expectations. Post-stroke fatigue must be considered by clinicians when delivering outpatient rehabilitation to stroke survivors. Clinicians should consistently screen for fatigue, provide flexible session scheduling, and educate about individual indicators and strategies for management. Clinicians should also explicitly engage carers who play a critical role in the management of fatigue

Implementing a design thinking approach to de-risk the digitalisation of manufacturing SMEs

Industry 4.0 (I4.0) has proposed a significant shift in the way companies approach manufacturing. However, this new paradigm is not without faults. The integration of processes and equipment (‘digitalisation’) can be prohibitively expensive or too technically complex for small-to-medium enterprises (SMEs) with limited resources and technical expertise. Another barrier to digitalisation lies in the ambiguity of not knowing what precise practices to adopt to improve productivity. Although these challenges have been identified in the literature, there is still little evidence on how to tackle them. Thus, we explore how design thinking can help overcome these challenges, given that it has been used in many organisations and disciplines to deal with complex and ambiguous problems. We do so by investigating the research question ‘How can designers and design thinking processes assist manufacturing SMEs’ digitalisation?’ We address this research question by presenting a case study of a university–industry collaboration where the authors utilised a design-thinking process to select and implement technologies to capture, process and analyse data for an Australian medical device manufacturer. By reflecting on the case study, we identified the user-centeredness of design thinking as crucial in selecting technologies for implementation that prioritised usability and brought value to all stakeholders. Furthermore, iterative prototyping was critical to scale up the required expertise and deliver a successful sustainable solution without investing vast resources. Our work suggests that designers and design thinking have the potential to help de-risk digitalisation. Finally, we suggest a framework that may assist in guiding other SMEs approaching digitalisation and provide a starting point for further design thinking research in this area

Additional Saturday occupational therapy for adults receiving inpatient physiotherapy rehabilitation : A prospective cohort study

Background The first aim of this study was to investigate the impact of providing an additional four hours of Saturday occupational therapy to patients receiving Saturday physiotherapy in an inpatient setting on length of stay, functional independence, gait and balance. The second aim was to conduct an economic evaluation to determine if the introduction of a Saturday occupational therapy service in addition to physiotherapy resulted in a net cost savings for the rehabilitation facility. Methods A prospective cohort study with a historical control was conducted in an Australian private mixed rehabilitation unit from 2015–2017. Clinical outcomes included the Functional Independence Measure (Motor, Cognitive, Total), gait speed (10 Meter Walk test) and five balance measures (Timed Up and Go test, Step test, Functional Reach, Feet Together Eyes Closed and the Balance Outcome Measure of Elder Rehabilitation). Economic outcomes were rehabilitation unit length of stay and additional treatment costs. Results A total of 366 patients were admitted to the rehabilitation unit over two 20-week periods. The prospective cohort (receiving Saturday occupational therapy and physiotherapy) had 192 participants and the historical control group (receiving Saturday physiotherapy only) had 174 participants. On admission, intervention group participants had higher cognitive (p < 0.01) and total (p < 0.01) Functional Independence Measure scores. Participation in weekend therapy by the intervention group was 11% higher, attending more sessions (p < 0.01) for a greater length of time (p < 0.01) compared to the historical control group. After controlling for differences in admission Functional Independence Measure scores, rehabilitation length of stay was estimated to be reduced by 1.39 (p = 0.08) days. The economic evaluation identified potential cost savings of AUD1,536 per patient. The largest potential savings were attributed to neurological patients AUD4,854. Traumatic and elective orthopaedic patients realised potential patient related cost savings per admission of AUD2,668 and AUD2,180, respectively. Conclusions Implementation of four hours of Saturday occupational therapy in addition to physiotherapy results in a more efficient service, enabling a greater amount of therapy to be provided on a Saturday over a shorter length of stay. Provision of multidisciplinary Saturday rehabilitation is potentially cost reducing for the treating hospital