To kill a real option – Incomplete contracts,real options and PPP

This paper is concerned with the implications of public–private partnership agreements for the execution of expansion options in road infrastructure. More specifically, it analyzes the expansion of an existing two-lane road in Sweden, and examines the real options created by an intermediate type of road with three lanes. Interpreting the results from real option analysis in the light of incomplete contract theory, this paper finds that external congestion costs might necessitate public ownership to ensure a social optimal outcome in public–private partnerships.     

The role of perceived environment,neighbourhood characteristics,and attitudes in walking behaviour: evidence from a rapidly developing city in China

Transportation - The associations between objective and subjective dimensions of the built environment and walking behaviour have been examined extensively in existing studies. However, the...     

基于Ansys的矩形加筋平盖封头强度评定

将有限元方法与分析设计相结合,利用有限元分析软件Ansys对一种矩形加筋平盖封头进行强度评定。本文首先介绍瓶盖封头结构的改进。然后建立有限元模型,并进行应力求解。结果表明,此加筋平盖封头满足强度要求,与普通平盖封头相比,减小了平盖的厚度,降低了结构总重量,对平盖封头的结构改进设计具有一定指导作用。     

New potential for multimodal connection: exploring the relationship between taxi and transit in New York City (NYC)

Transportation - Taxi trips have been somewhat neglected in transportation mobility and multimodal connection studies. The socio-demographic characteristics of taxi riders are often not fully...     

The identification and empirical characterization of vehicular (Lagrangian) fundamental diagrams in multilane traffic flow

Traditional macroscopic traffic flow modeling framework adopts the spatial–temporal coordinate system to analyze traffic flow dynamics. With such modeling and analysis paradigm, complications arise for traffic flow data collected from mobile sensors such as probe vehicles equipped with mobile phones, Bluetooth, and Global Positioning System devices. The vehicle‐based measurement technologies call for new modeling thoughts that address the unique features of moving measurements and explore their full potential. In this paper, we look into the concept of vehicular fundamental diagram (VFD) and discuss its engineering implications. VFD corresponds to a conventional fundamental diagram (FD) in the kinematic wave (KW) theory that adopts space–time coordinates. Similar to the regular FD in the KW theory, VFD encapsulates all traffic flow dynamics. In this paper, to demonstrate the full potential of VFD in interpreting multilane traffic flow dynamics, we generalize the classical Edie's formula and propose a direct approach of reconstructing VFD from traffic measurements in the vehicular coordinates. A smoothing algorithm is proposed to effectively reduce the nonphysical fluctuation of traffic states calculated from multilane vehicle trajectories. As an example, we apply the proposed methodology to explore the next‐generation simulation datasets and identify the existence and forms of shock waves in different coordinate systems. Our findings provide empirical justifications and further insight for the Lagrangian traffic flow theory and models when applied in practice. Copyright © 2015 John Wiley & Sons, Ltd.     

Establishment of Community Managed Fisheries’ Closures in Kenya: Early Evolution of the Tengefu Movement

Community-based management (CBM) could be an essential tool to prevent the depletion of marine resources in the Western Indian Ocean region. In Kenya, political pressure to strengthen local governance, has led to adoption of CBM as a way of reducing over-exploitation and managing the competing uses and impacts on the marine environment. Several communities in Kenya have embraced CBM and have set aside or closed previously fished areas to enhance recovery of fisheries and biodiversity. These community fisheries closures (locally called tengefu), despite being degraded, may recover to finfish abundances and biodiversity levels similar to established MPAs or above thresholds for maintaining some ecological services. Communities see their direct involvement and control of these tengefu as more likely to result in benefits flowing directly to them. Community closures are also important for articulating and resolving community values and strengthening their management capacity. Here, we describe the evolution of the tengefu movement in Kenya and combine information from focus group discussions, interviews, underwater surveys and boundary marking to evaluate the current status, opportunities and challenges facing these tengefu. We show that in some cases community closures suffer from slow and incomplete national and local legislative processes, challenges to compliance, and weak management.     

Novel Electrically Stimulated Catalytic Converter Prototype for Replacement of Conventional Auto Exhaust Emission Converters

High voltage electrostatics and corona discharge are utilized for various applications in pollution and environmental control. The traditional applications have many flaws due to improper construction of electrode design and assembly that cause system failure, in particular when electrically stimulated devices are exposed to high humidity. A new innovative-patented design by Hamade, electrically stimulated catalytic converter(ESCC),eliminates such flaws and shows the wide practical applications of the new design. The new design utilized previous patented designs and work of the same inventor but retrofitted for catalytic auto exhaust emission control. The current and previous patents include: employing electrically stimulated filtration(ESF) to replace high efficiency particulate air(HEPA) filters, treatment of biological and infectious diseases, electret fabrication, and, most notably, the invention of a new electrically stimulated catalytic converter(ESCC). The electrically stimulated catalytic converter invention includes an exhaust conduit fed from the engine exhaust port with a housed corona charger apparatus. The opposite end is opened to the atmosphere outside of the vehicle or connected to a reduced-size catalytic converter. The corona charger is intrusively or non-intrusively associated with a main flow path defined by the exhaust conduit. The corona charger includes at least one electrode, which may be recessed away from, the main flow path. A plurality of corona chargers may be used in various combinations, optimally a two dimensional grid. The electrically stimulated catalytic converter is adapted to treat and eliminate auto exhaust pollution emission to air.     

Investigating the influence of assigning a higher priority to scheduling work and school activities in the activity-based models on the simulated travel/activity patterns

Transportation - Two dynamic, gap-based activity scheduling models are tested by applying a short-run microsimulation approach to replicate workers’ travel/activity patterns over a 1-week...     

Using multiple hybrid spatial design network analysis to predict longitudinal effect of a major city centre redevelopment on pedestrian flows

Transportation - Predicting how changes to the urban environment layout will affect the spatial distribution of pedestrian flows is important for environmental, social and economic sustainability....