How to improve open rotor aerodynamics at cruise and take-off

AbstractA key challenge in open rotor design is getting the optimum aerodynamics at both the cruise and take-off conditions. This is particularly difficult because the operation and the requirements of an open rotor are very different at cruise compared to takeoff. This paper uses CFD results to explore the impact of various design changes on the cruise and take-off flow-fields. The paper then considers how a given open rotor design is best operated at take-off to minimise noise whilst maintaining high thrust. The main findings are that various design modifications can be applied to control the flow features that lead to lost efficiency at cruise and increased noise emission at take-off. A breakdown of the lost power terms from CFD solutions demonstrates how developments in open rotor design have led to reduced aerodynamic losses. At take-off, the operating point of the open rotor should be set such that the non-dimensional lift is as high as possible, without causing significant flow separation. This can be achieved through suitable amounts of re-pitch and speed up applied to a design. Comparisons with fully three-dimensional CFD show that the amount of re-pitch required can be determined using simplified methods such as two-dimensional CFD and a Blade Element Method.This is the accepted manuscript. The final published version is available at http://aerosociety.com/News/Publications/Aero-Journal/Online/2522/How-to-improve-open-rotor-aerodynamics-at-cruise-and-takeoff

Wafer-scale uniformity of Dolan-bridge and bridgeless Manhattan-style Josephson junctions for superconducting quantum processors

We investigate die-level and wafer-scale uniformity of Dolan-bridge and bridgeless Manhattan Josephson junctions, using multiple substrates with and without through-silicon vias (TSVs). Dolan junctions fabricated on planar substrates have the highest yield and lowest room-temperature conductance spread, equivalent to ~100 MHz in transmon frequency. In TSV-integrated substrates, Dolan junctions suffer most in both yield and disorder, making Manhattan junctions preferable. Manhattan junctions show pronounced conductance decrease from wafer centre to edge, which we qualitatively capture using a geometric model of spatially-dependent resist shadowing during junction electrode evaporation. Analysis of actual junction overlap areas using scanning electron micrographs supports the model, and further points to a remnant spatial dependence possibly due to contact resistance.Comment: 25 pages, 13 figures, 1 tabl

Financial fragmentation and SMEs’ access to finance

This paper focuses on the impact of financial fragmentation on small and medium enterprises (SMEs)’ access to finance. We combine country-level data on financial fragmentation and the ECB’s SAFE (Survey on the Access to Finance of Enterprises) data for 12 European Union (EU) countries over 2009-2016. Our findings indicate that an increase in financial fragmentation not only raises the probability of all firms to be rationed but also to be charged higher loan rates; in addition, it increases the likelihood of borrower discouragement and it impairs firms’ perceptions of the future availability of bank funds. Less creditworthy firms are even more likely to become credit rationed, suggesting a flight to quality effect in lending. However, our study also documents a potential adverse effect of increasing bank market power resulting from greater integration. This suggests that financial integration could impair firms’ financing, if not accompanied by policy initiatives aimed at maintaining an optimal level of competition in the banking sector

Research on information systems failures and successes: Status update and future directions

The final publication is available at Springer via http://dx.doi.org/10.1007/s10796-014-9500-yInformation systems success and failure are among the most prominent streams in IS research. Explanations of why some IS fulfill their expectations, whereas others fail, are complex and multi-factorial. Despite the efforts to understand the underlying factors, the IS failure rate remains stubbornly high. A Panel session was held at the IFIP Working Group 8.6 conference in Bangalore in 2013 which forms the subject of this Special Issue. Its aim was to reflect on the need for new perspectives and research directions, to provide insights and further guidance for managers on factors enabling IS success and avoiding IS failure. Several key issues emerged, such as the need to study problems from multiple perspectives, to move beyond narrow considerations of the IT artifact, and to venture into underexplored organizational contexts, such as the public sector. © 2014 Springer Science+Business Media New York

Institutional investors and corporate governance

We provide a comprehensive overview of the role of institutional investors in corporate governance with three main components. First, we establish new stylized facts documenting the evolution and importance of institutional ownership. Second, we provide a detailed characterization of key aspects of the legal and regulatory setting within which institutional investors govern portfolio firms. Third, we synthesize the evolving response of the recent theoretical and empirical academic literature in finance to the emergence of institutional investors in corporate governance. We highlight how the defining aspect of institutional investors – the fact that they are financial intermediaries – differentiates them in their governance role from standard principal blockholders. Further, not all institutional investors are identical, and we pay close attention to heterogeneity amongst institutional investors as blockholders

Assessing policies towards sustainable transport in Europe: An integrated model

Sustainable development is a concept that for a long time had been accepted implicitly or explicitly as an important ingredient in formulating long-term strategies, although discussion often remained in the qualitative sphere. Apart from atmospheric pollution concerns in urban areas as well as climate change, the emergence of a great number of additional sustainability concerns in recent years (concerning bio-diversity, transport congestion, social exclusion, regional imbalances with their attendant political risks, etc.) has posed particular challenges to analysts with respect to integration and quantification of these problems. One of the major issues in this agenda is transport, which is worldwide accepted as a priority area in sustainability discussions (EEA, 2002; European Commission, 2001; IEA, 2002; WBCSD, 2001; World Bank, 1996). Work on sustainable transport is well in progress, both in the research field and in policy-oriented studies, concentrating primarily on emissions of air pollutants (causing health problems) and greenhouse gases (affecting climate change) and expanding to other sustainability concerns such as congestion, noise and accidents. Because of the inherent complexity of this sector in comparison to most other branches of economic activity due to the millions of travellers involved, policy measures often have to be taken at local scale and respecting local particularities. In such cases, instead of concrete quantified proposals, it is possible to provide policy guidelines only, pointing to successful pilot projects around the world (OECD, 2002)