Do risk attitudes differ within the group of entrepreneurs?

The notion of risk and entrepreneurship has been widely discussed in the entrepreneurship literature. Starting a business involves risk and requires a risk-taking attitude. Most studies have com-pared entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research exists on the risk attitudes of different types of entrepreneurs. This study aims to fill this gap. Our particular focus is on the entrepreneurs’ motivations to start their business. The results show that opportunity entrepreneurs are more willing to take risks than necessity entrepreneurs. In addition, entrepreneurs who are motivated by creativity are more risk-tolerant than other entrepreneurs. The study contributes to the literature about risk attitudes of entrepreneurs and to the literature about necessity and opportunity entrepreneurship.Entrepreneurship; Self-employment; Risk attitude; Necessity entrepreneurship; Creativity entrepreneurship

Efficient preliminary floating offshore wind turbine design and testing methodologies and application to a concrete spar design

The current key challenge in the floating offshore wind turbine industry and research is on designing economic floating systems that can compete with fixed-bottom offshore turbines in terms of levelized cost of energy. The preliminary platform design, as well as early experimental design assessments, are critical elements in the overall design process. In this contribution, a brief review of current floating offshore wind turbine platform pre-design and scaled testing methodologies is provided, with a focus on their ability to accommodate the coupled dynamic behaviour of floating offshore wind systems. The exemplary design and testing methodology for a monolithic concrete spar platform as performed within the European KIC AFOSP project is presented. Results from the experimental tests compared to numerical simulations are presented and analysed and show very good agreement for relevant basic dynamic platform properties. Extreme and fatigue loads and cost analysis of the AFOSP system confirm the viability of the presented design process. In summary, the exemplary application of the reduced design and testing methodology for AFOSP confirms that it represents a viable procedure during pre-design of floating offshore wind turbine platforms.Peer ReviewedPostprint (author’s final draft

Conceptual design of floating wind turbines

The need for different numerical models with varying degrees of simplification for the conceptual design of a floating offshore wind turbine is the focus of this paper. While parts on the component level can be designed apart from the others the overall dynamics on the system level have to be assessed from the beginning. Starting with very simple models and identifying the significant contributions to the system behavior while going step by step to more detailed ones makes a successful dimensioning possible. The significant effect of the blade pitch controller on the system dynamics is analysed and preliminarily designed with a simple 1-degree of freedom (dof) model. Further on the section forces at tower base and the distributed platform loads are calculated with a 9-dof multibody system with simplified aerodynamics and Morison equation allowing a pre-dimensioning of the structure

Do risk attitudes differ within the group of entrepreneurs?

The notion of risk and entrepreneurship has been widely discussed in the entrepreneurship literature. Starting a business involves risk and requires a risk-taking attitude. Most studies have com-pared entrepreneurs with non-entrepreneurs such as managers or bankers. So far, little research exists on the risk attitudes of different types of entrepreneurs. This study aims to fill this gap. Our particular focus is on the entrepreneurs’ motivations to start their business. The results show that opportunity entrepreneurs are more willing to take risks than necessity entrepreneurs. In addition, entrepreneurs who are motivated by creativity are more risk-tolerant than other entrepreneurs. The study contributes to the literature about risk attitudes of entrepreneurs and to the literature about necessity and opportunity entrepreneurship

Systemic epothilone D improves hindlimb function after spinal cord contusion injury in rats

Following a spinal cord injury (SCI) a growth aversive environment forms, consisting of a fibroglial scar and inhibitory factors, further restricting the already low intrinsic growth potential of injured adult central nervous system (CNS) neurons. Previous studies have shown that local administration of the microtubule-stabilizing drug paclitaxel or epothilone B (Epo B) reduce fibrotic scar formation and axonal dieback as well as induce axonal growth/sprouting after SCI. Likewise, systemic administration of Epo B promoted functional recovery. In this study, we investigated the effects of epothilone D (Epo D), an analog of Epo B with a possible greater therapeutic index, on fibrotic scarring, axonal sprouting and functional recovery after SCI. Delayed systemic administration of Epo D after a moderate contusion injury (150 kDyn) in female Fischer 344 rats resulted in a reduced number of footfalls when crossing a horizontal ladder at 4 and 8 weeks post-injury. Hindlimb motor function assessed with the BBB open field locomotor rating scale and Catwalk gait analysis were not significantly altered. Moreover, formation of laminin positive fibrotic scar tissue and 5-HT positive serotonergic fiber length caudal to the lesion site were not altered after treatment with Epo D. These findings recapitulate a functional benefit after systemic administration of a microtubule-stabilizing drug in rat contusion SCI

Integrated optimization of floating wind turbine systems

An exemplary methodology is shown for the integrated conceptioning of a floating wind turbine system with focus on the spar-type hull and the wind turbine blade-pitch-to-feather controller. It is a special interest to use a standard controller, which is easily implementable, even at early design stages. The optimization of the system is done with adapted static and dynamic models through a stepwise narrowing of the design space according to the requirements of floating wind turbines. After selecting three spar-type hull geometries with variable draft a simplified nonlinear simulation model with four degrees of freedom is set up and then linearized including the aerodynamics with the blade pitch controller in the closed-loop. The linear system allows conventional procedures for SISO controller design giving a theoretically suitable range of controller gains. Subsequently, the nonlinear model is used to find the optimal controller gains for each platform. Finally, a nonlinear coupled model with nine degrees of freedom gives the optimal solution under realistic wind and wave loads

Nonlinear model predictive control of floating wind turbines with individual pitch control

In this work a nonlinear model predictive controller with individual pitch control for a floating offshore wind turbine is presented. An aerodynamic model of the collective pitch control approach is extended by describing pitching and yawing moments based on rotor disk theory. This extension is implemented in a reduced nonlinear model of the floating wind turbine including disturbance preview of wind speed, linear vertical and horizontal wind shear, and wave height to compute optimal input trajectories for the individual pitch control inputs and the generator torque. An extended cost functional for individual pitch control is proposed based on the collective pitch control approach. The controller is evaluated in aero-servo-hydro-elastic simulations of a 5MW reference wind turbine disturbed by a three-dimensional stochastic turbulent wind field. Results show a significant blade fatigue load reduction compared to a baseline controller through minimizing yawing and pitching moments on the rotor hub while maintaining the advantages of the model predictive control approach with collective pitch control

Reduced nonlinear model of a spar-mounted floating wind turbine

Floating offshore wind turbines (FOWTs) are complex dynamic systems requiring a thorough design for optimal operating performance and stability. Advanced control strategies, like model predictive control, are part of the integrated development of new concepts. This paper presents a simplified and computationally efficient model of the spar-mounted OC3-Hywind FOWT. Applications are, e.g., the real-time integration within the controller or an assessment during conceptual design, possibly within an optimization algorithm. Symbolic equations of motion of a multibody system are available as a set of ordinary differential equations. Aerodynamic forces are computed based on a rotor effective wind speed at hub height using data tables for thrust and torque coefficients. Hydrodynamic impacts on the floating body are modeled in a way that only the wave height serves as the disturbance signal. This estimation is based on potential flow theory and Morison’s formula for slender cylinders. The reduced model code is fully compiled and has a real-time factor of approximately 100. Various simulations of common load cases with a comparison to the certified FAST code have shown to be promising

Manual Khalifa Therapy Improves Functional and Morphological Outcome of Patients with Anterior Cruciate Ligament Rupture in the Knee: A Randomized Controlled Trial

Rupture of the anterior cruciate ligament (ACL) is a high incidence injury usually treated surgically. According to common knowledge, it does not heal spontaneously, although some claim the opposite. Regeneration therapy by Khalifa was developed for injuries of the musculoskeletal system by using specific pressure to the skin. This randomized, controlled, observer-blinded, multicentre study was performed to validate this assumption. Thirty patients with complete ACL rupture, magnetic resonance imaging (MRI) verified, were included. Study examinations (e.g., international knee documentation committee (IKDC) score) were performed at inclusion (t0). Patients were randomized to receive either standardised physiotherapy (ST) or additionally 1 hour of Khalifa therapy at the first session (STK). Twenty-four hours later, study examinations were performed again (t1). Three months later control MRI and follow-up examinations were performed (t2). Initial status was comparable between both groups. There was a highly significant difference of mean IKDC score results at t1 and t2. After 3 months, 47% of the STK patients, but no ST patient, demonstrated an end-to-end homogeneous ACL in MRI. Clinical and physical examinations were significantly different in t1 and t2. ACL healing can be improved with manual therapy. Physical activity can be performed without pain and nearly normal range of motion after one treatment of specific pressure

Improved tank test procedures for scaled floating offshore wind turbines

This study collects issues from previous tank test campaigns of scaled Floating Offshore Wind Turbines (FOWT), compares the different scaling methodologies, points out critical aspects and shows possible alternatives and recommendations for future tests depending on the specific objective. Furthermore, it gives practical recommendations for the modeling and construction of scaled rotors. The presented scaling procedure will be applied in tank tests within the EU Seventh Framework Program InnWind (ENERGY.2012.2.3.1 "Innovative wind conversion systems (10-20MW) for offshore applications")