Ship finance and Euro-markets

Due to the capital-intensive nature of the modern shipping industry, loan finance plays a major role in vessel-acquisition cost. In this paper, J. B. Yolland discusses government-guaranteed finance, ancillary and commercial new building finance and finance for second-hand tonnage. He also examines a new source of funding found in the Euro-market.     

Techniques of land use/transportation planning in Australian cities

With the publication of the Sydney Area Transportation Study, land-use/transportation studies now have been conducted in all capital cities as well as in the majority of other urban areas with populations in excess of 40.000. A review of these studies is made and a qualitative assessment is attempted of the technical phases —land-use planning, trip-generation, trip-distribution, modal-split, traffic assignment and evaluation. Full summary results of this comparative survey are presented in tabular form, although themes developed in the text are illustrated with specific examples from individual studies. The methodology of land-use/transportation studies has been attacked by some Australian writers. An attempt is made to assess the relevance of these criticisms when applied to the practical planning process in Australia.     

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加拿大阿尔伯塔省经济的飞速发展,使得为全省制定合理的交通规划成为一项迫切的任务,在这种情况下,本文提出了全省的土地利用交通模型。该模型以PECAS（生产、交易和消费分派系统）结构为基础,实质是在整体经济的前提下考虑基本的交通需求（商品、服务、劳动力交换的流通过程）而进行交通规划。生产、交易和消费分派系统是一种空间经济模拟系统,它侧重交通规划和发展规划,近几年在美国提出并在一些州和城市得到应用。阿尔伯塔省土地利用交通模型受其模型建立基础,尤其是MEPLAN 和TRANUS模型的影响,但该模型在理论基础和行为描述上都做了明显的改进。本文从数据源和标定方法方面介绍加拿大阿尔伯塔省的土地利用交通模型的建立和发展。     

A probabilistic damage tolerance concept for welded joints Part 2: a supplement to the rule based S–N approach

The first part of this paper presented the required statistics and stochastic models for reliability analysis of the fatigue fracture of welded plate joints. This present Part 2 suggests a probabilistic damage tolerance supplement to the design S–N curves for welded joints. The goal is to provide the practising engineer with simple tools that predict the reliability against fatigue fracture during service life. The impact of the chosen fatigue design factors (FDF) and the uncertainty in the applied stresses is revealed. The effect of an in-service inspection programme is also predicted. The results are presented as dimensionless matrices and suggested for use in support of decision-making at the design stage, without any advanced fracture mechanics modelling and stochastic simulation. One important advantage of this format is that the probability levels are presented regardless of actual weld class and target service life (TSL). This is obtained by introducing the FDF as a key parameter to the results. This parameter is defined as the ratio of predicted fatigue life over TSL. FDF is always calculated in the S–N approach which is mandatory in fatigue life prediction. Various welded details (classes) will have the same reliability level for the same FDF. This is true at the end of TSL and at earlier stages, i.e. fractions of TSL. The absolute value of TSL is immaterial for a given FDF. In the case of in-service inspection, the inspection interval is also given without dimensions as a fraction of TSL.

Only the influence of future scheduled inspections is treated. Updating based on actual inspection results is not included as the scope of work is inspection planning at the design stage. Results for some frequent cases occurring in practice are readily derived and presented.