...University of Notre Dame Mendoza College of Business Department of Finance FIN 70500 – Multinational Financial Management Module 1, Fall, 2006 |Instructor: |Jerry G. Langley |Phone: |Office - (574) 631-6078 | | Office: |262 MCOB | |Home - (574) 234-1191 (before10PM) | |E-mail: |Jerry.Langley.3@nd.edu | | | | Office hours: I’m in my office most of the week, so stop by or call and set up a time to see me. | COURSE OBJECTIVES This course covers various aspects of the international side of finance, including organizational issues that impact the financial decision-making process. After an overview of the international financial environment companies operate in, we will learn how they organize themselves to do business internationally, the impact of volatile exchange rates and how they can be measured and managed to minimize effects on economic and reported results. In addition to looking at the theoretical underpinnings of international finance, we will also cover the practical side of financing decisions – how corporations actually use these tools to manage the potential impacts on their business that come from operating around the world. We’ll also...
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...and exposure, balance of payment accounting, and evolution of the international monetary system. Analyzes special topics such as working capital management strategies, capital budgeting, cost of capital, and optimal capital structure in the context of international operations. INSTRUCTIONAL MATERIALS Required Resources Madura, J. (2012). International financial management (11th ed.). Mason, OH: South-Western, Cengage Learning. Supplemental Resources Al Nasser, O.M. (2010). How does foreign direct investment affect economic growth? The role of local conditions. Latin American Business Review 11, 111-139. Kornecki, L. & E. M. Ekanayake. (2011). Inward FDI stock in the U.S. economy and state based determinants. Advances in Management, 4(6), 13-24. Ranjan, V. & Agrawal, G. (2011). FDI inflow determinants in BRIC countries: A panel data analysis. International Business Research, 4(4), 255-263. United Nations. (2011). Foreign Direct Investments in LDCs: Lessons learned from the decade 20012010 and the way forward. United National Conference on Trade and Development. COURSE LEARNING OUTCOMES 1. Compare multinational financial management to domestic financial management. 2. Apply the key trade theories and methods, and analyze the factors that influence trade and capital flows. 3. Evaluate the major international financial markets to determine effective methods for financing global business operations. 4. Analyze the economic variables that influence exchange rate movements and equilibrium...
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...De Montfort University Design of a rotor blade for axial flow turbomachine ENGD3036 Plant Analysis and Sustainability Student number: P15235891 Student name: Haotian, Wu 10th of January, 2016 Lecturer: Professor Udai Singh Contents Abstract 1.0 Introduction ........................................................................................1 2.0 The plot of the blade ..........................................................................2 2.1 Data ..............................................................................................2 2.2procedure .......................................................................................3 3.0 The leading edge and trailing edge .....................................................5 4.0 Calculation of stagger angle at mid-height .........................................7 5.0 Discussion about calculation errors in design ....................................9 6.0 Realistic representation of the stage ..................................................12 7.0 Discussion about generation and effects of ‘shock’ ..........................14 7.1 The generation of the ‘shock’ ......................................................14 7.2 The effect of the ‘shock’ ..............................................................15 8.0 Stress pattern with a tangential load ..................................................16 8.1 3-D model creating ..........................................................
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...Case Report: Saw Blades at Leeds Team II Raj Pandit Tiffany Rongey Jacob Tramontin Julian Vu Executive Summary This case examines the use of relevant and irrelevant costs to determine whether Leeds should continue production of Carbide blades, and whether or not to introduce composite blades. From our analysis, we have developed seven possible scenarios for the company, and have determined that our last scenario would most effectively utilize the remaining carbide inventory, while progressively entering the composite blade market. Background Leedsworks, Imperial Optronics PLC is the worldwide leader in the dry-cut lens processing equipment. They produce carbide blades made from a special steel alloy that can only be used for these blades. Barry Sullivan, the Leedsworks Division Executive, is now faced with a crucial financial decision due to a new competitor’s composite blade that has a higher quality, a longer lifespan, and developed from a cheaper material than their own carbide blade. There has always existed competition from European, American, and Asian firms; but, the composite blade is the newest technology for the industry that caught Leeds unprepared. Several of the company’s divisions will be affected by the decision on how to transfer over to the new blade. The demand is immediate, though the product will take at least six months to reach the market. Barry Sullivan must closely consider the irrelevant and relevant...
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...drawings ABSTRACT The final thesis deals with the design of the runner of a Kaplan turbine. It might be that due to the increasing of the electricity tariff in the last years small hydroelectric power plants become cost effective. Since the runner of a small hydroelectric power plant is quite small, it has to be reexamined if the hub of the runner provides enough room for a proper adaptation mechanism. For this purpose the main characteristics of the runner are determined. Then, important data such as the suction head, the occurring forces or the critical speed are established. After those data are known, a detailed stress analysis of the developed adaptation mechanism follows. The stress analysis shows that the mechanism to adjust the blades is able to withstand the occurring forces. Finally drafts of the runner and its parts are done. TAMPERE UNIVERSITY OF APPLIED SIENCES FINAL THESIS 1 (134) Environmental Engineering Timo Flaspöhler —————————————————————————————————————— TABLE OF CONTENTS ABSTRACT ....................................................................................................................................ii TABLE OF CONTENTS...
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...SERVICE SPECIFICATION DNVGL-SE-0074 Edition December 2014 Type and component certification of wind turbines according to IEC 61400-22 The electronic pdf version of this document found through http://www.dnvgl.com is the officially binding version. The documents are available free of charge in PDF format. DNV GL AS FOREWORD DNV GL service specifications contain procedural requirements for obtaining and retaining certificates and other conformity statements to the objects, personnel, organisations and/or operations in question. © DNV GL AS Any comments may be sent by e-mail to rules@dnvgl.com This service document has been prepared based on available knowledge, technology and/or information at the time of issuance of this document, and is believed to reflect the best of contemporary technology. The use of this document by others than DNV GL is at the user's sole risk. DNV GL does not accept any liability or responsibility for loss or damages resulting from any use of this document. Changes – current CHANGES – CURRENT General This service specification supersedes and replaces the January 2014 edition of DNV-DSS-904. Service specification DNVGL-SE-0074 – Edition December 2014 DNV GL AS Page 3 CHANGES – CURRENT .................................................................................................. 3 Sec.1 Introduction .....................................................................................................
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...International Journal of Materials, Mechanics and Manufacturing, Vol. 1, No. 2, May 2013 Hydro turbine Runner Design and Manufacturing Fatma Ayancik, Umut Aradag, Ece Ozkaya, Kutay Celebioglu, Ozgur Unver, and Selin Aradag Abstract—This research describes a methodology for the parametric design, computational fluid dynamics (CFD) aided analysis and manufacturing of a Francis type hydro turbine runner. A Francis type hydro turbine consists of five components which are volute, stay vanes, guide vanes, runner and draft tube. The hydraulic performance of the turbine depends on the shape of the components; especially on the shape of the runner blades. The design parameters for the other components are affected by the runner parameters directly. Runner geometry is more complex than the other parts of the turbine. Therefore; to obtain accurate results and meet hydraulic expectations, CFD analyses and advanced manufacturing tools are necessary for the design and manufacturing of the hydro turbine runner. The turbine runner design methodology developed is presented using an actual potential hydraulic power plant in Turkey. Index Terms—CFD, francis turbine, runner, design and manufacturing. I. INTRODUCTION Turbines are used for hydropower generation. There are basically two types of hydraulic turbines, the first one is impulse and the second one is reaction type turbines. Impulse turbines work based on momentum principle; while in the reaction type turbines, the flow is fully...
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...Gillett: Why Innovation May Not Be Enough 1) Evaluate product innovation at Gillett throughout its history. Has Gillett been a victim of its own success? Has product innovation in the wet-shaving market come to an end? In 1901 King C. Gillett invents the safety razor complete with disposable blades, the start of a business dynasty. From 1901 to 1938, Gillett receives its patent and introduces a blue and thin blade. From 1946 to 1969 Gillett offers the first blade dispenser, develops the first adjustable razor with three settings, adds a super blue blade w/silicone coating, introduces a coated stainless steel blade, and adds a platinum chromium coating. During the 1970’s Gillett produces the Trac 2, Good News, and Altra razors thus continuing the innovation and their market share moving forward. During the 1980’s Gillett continues its leading edge technology by producing the first razor and disposable razor with a lubricating strip and a razor with spring mounted twin blades. The 90’s stalled somewhat but the introduction of the Mach 3 was a huge product announcement. From 2000 – 2009 Gillett enhanced the features of the Mach 3 and entered the post shaving product market. In 2010 Gillett introduced the Fusion Proglide which completes the razor advancement and innovation at Gillett. On the acquisition side Gillett went on a product development campaign which included selecting a number of key products associated with different market arena’s that ultimately drove Gillett’s overall...
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...A k-ω Turbulence Model for Quasi-Three-Dimensional Turbomachinery Flows Rodrick V. Chima* NASA Lewis Research Center Cleveland, Ohio 44135 Abstract A two-equation k-ω turbulence model has been developed and applied to a quasi-three-dimensional viscous analysis code for blade-to-blade flows in turbomachinery. The code includes the effects of rotation, radius change, and variable stream sheet thickness. The flow equations are given and the explicit Runge-Kutta solution scheme is described. The k-ω model equations are also given and the upwind implicit approximate-factorization solution scheme is described. Three cases were calculated: transitional flow over a flat plate, a transonic compressor rotor, and a transonic turbine vane with heat transfer. Results were compared to theory, experimental data, and to results using the Baldwin-Lomax turbulence model. The two models compared reasonably well with the data and surprisingly well with each other. Although the k-ω model behaves well numerically and simulates effects of transition, freestream turbulence, and wall roughness, it was not decisively better than the Baldwin-Lomax model for the cases considered here. The Baldwin-Lomax model is popular because it is easy to implement (at least in 2-D) and works fairly well for predicting overall turbomachinery performance. However, the model has both numerical and physical problems. Numerical problems include awkward implementation in 3-D, difficulty in finding the length scale [2]...
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...School of Innovation, Design and Engineering Bachelor Thesis in Aeronautical Engineering 15 credits, Basic level 300 Investigation of Different Airfoils on Outer Sections of Large Rotor Blades Authors: Torstein Hiorth Soland and Sebastian Thuné Report code: MDH.IDT.FLYG.0254.2012.GN300.15HP.Ae Sammanfattning Vindkraft står för ca 3 % av jordens produktion av elektricitet. I jakten på grönare kraft, så ligger mycket av uppmärksamheten på att få mer elektricitet från vindens kinetiska energi med hjälp av vindturbiner. Vindturbiner har använts för elektricitetsproduktion sedan 1887 och sedan dess så har turbinerna blivit signifikant större och med högre verkningsgrad. Driftsförhållandena förändras avsevärt över en rotors längd. Inre delen är oftast utsatt för mer komplexa driftsförhållanden än den yttre delen. Den yttre delen har emellertid mycket större inverkan på kraft och lastalstring. Här är efterfrågan på god aerodynamisk prestanda mycket stor. Vingprofiler för mitten/yttersektionen ...
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...Chapter 2 International Flow of Funds Lecture Outline Balance of Payments Current Account Capital and Financial Accounts International Trade Flows Distribution of U.S. Exports and Imports U.S. Balance of Trade Trend International Trade Issues Events That Increase International Trade Trade Friction Factors Affecting International Trade Flows Impact of Inflation Impact of National Income Impact of Government Policies Impact of Exchange Rates Interaction of Factors Correcting a Balance of Trade Deficit Limitations of a Weak Home Currency Solution International Capital Flows Distribution of DFI by U.S. Firms Distribution of DFI in the U.S. Factors Affecting Direct Foreign Investment Factors Affecting International Portfolio Investment Agencies that Facilitate International Flows How Trade Affects an MNC’s Value Chapter Theme This chapter provides an overview of the international environment surrounding MNCs. The chapter is macro-oriented in that it discusses international payments on a country-by-country basis. This macro discussion is useful information for an MNC since the MNC can be affected by changes in a country’s current account and capital account positions. Topics to Stimulate Class Discussion 1. Is a current account deficit something to worry about? 2. If a government...
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...Executive Summary A new idea has been developed to create a new product. The name of the proposed product is Multipurpose Paper shredder. This product is an upgrade version of paper shredder which is used in the offices for shredding purposes. This ‘Multipurpose’ Paper has upgraded into double functions such as shredding and briquetting.. The main target market of this product is adults.. One of the objectives of using Multipurpose Paper is to encourage Malaysian Citizens to work in the safe and convenience environment and to use at home and office. Problem Statements, idea generation, product concept description, idea evaluation are made to defining problems in specific ways and how to develop idea to generate a new product. The idea evaluation also helps to maximize the supporting factors and minimize the restricting factors (scribd, 2014). Part 1 A. Problem Statement In today’s office, a lot of sensitive information handling daily from one hand to another hand.. One of the problems that will be faced by the employee is their fingers will be shredded together with the paper in the shredding machine. Cleanliness and maintenance are also an issue because they found difficulties to clean after the shredding process. Another constraint which faced by the employees is maintenance. The employees should send to the authorized technical center to repair this shredder machine. The negative impact is, employees work will be delayed and the secret data will be stole by unauthorized...
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...85 Hydraulic turbines—basic principles and state-of-theart computational fluid dynamics applications P Drtina* and M Sallaberger Sulzer Hydro AG, Zurich, Switzerland ¨ Abstract: The present paper discusses the basic principles of hydraulic turbines, with special emphasis on the use of computational fluid dynamics (CFD) as a tool which is being increasingly applied to gain insight into the complex three-dimensional (3D) phenomena occurring in these types of fluid machinery. The basic fluid mechanics is briefly treated for the three main types of hydraulic turbine: Pelton, Francis and axial turbines. From the vast number of applications where CFD has proven to be an important help to the design engineer, two examples have been chosen for a detailed discussion. The first example gives a comparison of experimental data and 3D Euler and 3D Navier–Stokes results for the flow in a Francis runner. The second example highlights the state-of-the-art of predicting the performance of an entire Francis turbine by means of numerical simulation. Keywords: hydraulic turbines, flow prediction, stage simulation, hill chart, Navier–Stokes and Euler computations NOTATION C, c E g h at h d H H s k K c K u K w n Q R, r T U, u W, w Z a b e f g absolute velocity (m/s) energy per unit mass (m2/s2) gravity (m/s2) atmospheric pressure head (m) vapour pressure head (m) turbine head (m) suction head (m) turbulent kinetic energy (m2/s2) normalized velocity normalized circumferential velocity normalized relative...
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...1 INTRODUCTION TO WIND ENERGY........................................................................................................1 1.1 What is wind energy..................................................................................................................................1 1.2 Why use wind energy ................................................................................................................................1 Why choose wind over conventional fuel sources .........................................................................1 1.2.2 Why choose wind over other renewable energy technologies............................................................1 1.3 The history and rise of wind energy ..........................................................................................................2 1.3.1 The first windmills were for mechanical power generation ...............................................................2 1.3.2 Electrical power generation ................................................................................................................3 1.4 Wind energy in Australia ..........................................................................................................................6 1.5 Wind energy in the future..........................................................................................................................7 1.5.1 Onshore wind energy ...............................................
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...combustion engine that uses air as the working fluid. The engine extracts chemical energy from fuel and converts it to mechanical energy using the gaseous energy of the working fluid (air) to drive the engine and propeller, which, in turn, propel the airplane. THE GAS TURBINE CYCLE The basic principle of the airplane turbine engine is identical to any and all engines that extract energy from chemical fuel. The basic 4 steps for any internal combustion engine are: 1. Intake of air (and possibly fuel). 2. Compression of the air (and possibly fuel). 3. Combustion, where fuel is injected (if it was not drawn in with the intake air) and burned to convert the stored energy. 4. Expansion and exhaust, where the converted energy is put to use. In the case of a piston engine, such as the engine in a car or reciprocating airplane engine, the intake, compression, combustion, and exhaust steps occur in the same place (cylinder head) at different times as the piston goes up and down. In the turbine engine, however, these same four steps occur at the same time but in different places. As a result of this fundamental difference, the turbine has engine sections called: 1. 2. 3. 4. The inlet section The compressor section The combustion section (the combustor) The turbine (and exhaust) section. The turbine section of the gas turbine engine has the task of producing usable output shaft power to drive the propeller. In addition, it must also provide power to drive the compressor and all engine accessories...
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