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The case was developed from secondary sources and interviews with a security analyst. The secondary sources include company annual reports, news reports, analyst reports, industry reports, company websites, stock exchange websites and databases such as Bloomberg and CMIE Prowess.

Increasing competition in product and capital markets has put tremendous pressure on managers to become more cost competitive. To address their firms' uncompetitive cost structures, managers may have to consider dramatic restructuring of their businesses. During 2014–2017, Tata Steel Ltd (TSL) UK considered a series of divestitures and a merger plan to nurse the company back to health. The case considers the economics of the restructuring plan. The case is designed to help students analyze a corporate downsizing program undertaken by a large Indian company in the UK and to highlight the dynamic role of the CFO and governance issues in family firms. It introduces students to issues surrounding a typical restructuring and provides students a platform to practice the estimation of value creation in a restructuring exercise. While some cases on corporate restructuring in the context of developed economies are available, there are very few cases written in an emerging market context. This case bridges that gap. TSL presents a unique opportunity to study corporate restructuring necessitated by a failed cross-border acquisition. It illustrates the potential for value loss in large, cross-border acquisitions. It shows how managerial hubris can prompt family firm owners to overbid in acquisitions and create legacy hot spots. In addition, the case can be used to discuss the causes of governance failures such as weak institutional monitoring and poor legal enforcement in emerging markets that could potentially harm minority shareholders.

The case was developed from secondary sources and interviews with a security analyst. The secondary sources include company annual reports, news reports, analyst reports, industry reports, company websites, stock exchange websites and databases such as Bloomberg and CMIE Prowess.

Cold-formed steel has been used extensively as secondary elements such as purlins and girts in building frames. Purlin is critical to the structure of the roof because it supports the weight of the roof deck and aids to make the entire roof structure more rigid. Furthermore, cold-formed steel purlin is a replacement for wood purlin because steel purlins are light weight and more economical. Hence, the purpose of this study to investigate the effect of opening due to torsion behaviour.

This analysis used cold-formed steel hat purlin with and without openings (WOs) under different opening shape, location and spacing by using finite element LUSAS software.

The finite element results showed that purlin with openings had higher angle of rotation than section WO, with a percentage difference of not more than 6%. When the opening was located at mid-span, the angle of rotation reduced. Angle of rotation increased when the opening spacing increased. Number of openings also affected the torsional behaviour of the purlin. Five opening shapes, which were circle, diamond, C-hexagon, square and elongated circle, were studied. Among all the shapes, purlin with diamond opening was more resistance to torsion.

The use of cold-formed steel section with web openings (rectangular or circular) is a practical solution when it is required to pass service ducts through the structural member. However, the presence of opening gives minor effect on the structural behaviour of cold-formed steel hat purlin.

In the analysis of structures in a fire situation by simplified and analytical methods, one assumption is that the fire resistance time is greater than or equal to the required fire resistance time. Among the methodologies involving the fire resistance time, the most used is the tabular method, which associates fire resistance time values to structural elements based on minimum dimensions of the cross section. The tabular method is widely accepted by the technical-scientific community due to the fact that it is safe and practical. However, its main criticism is that it results in lower fire resistance times than advanced thermal and thermostructural analysis methods. The objective of this study was to evaluate the fire resistance time of reinforced concrete beams and compare it with the required fire resistance time recommended by the tabular method of NBR 15200 (ABNT, 2012).

The fire resistance time and required fire resistance time of reinforced concrete beams were evaluated using, respectively, numerical models developed based on the finite element method and the tabular method of NBR 15200 (ABNT, 2012). The influence of the following parameters was investigated: longitudinal reinforcement cover, characteristic compressive strength of concrete, beam height, longitudinal reinforcement area and arrangement of steel bars.

Among the evaluated parameters, the covering of the longitudinal reinforcement proved to be more relevant for the fire resistance time, justifying that the tabular method of NBR 15200 (ABNT, 2012) being strongly and directly influenced by this parameter. In turn, more resistant concretes, higher beams and higher steel grades have lower fire resistance time values. This is because beams in these conditions have greater resistance capacity at room temperature and, consequently, are subject to external stresses of greater magnitude. In some cases, the fire resistance time was even lower than the required fire resistance time prescribed by NBR 15200 (ABNT, 2012). Both the fire resistance time and the required fire resistance time were not influenced by the arrangement of the longitudinal reinforcements.

The present paper innovates by demonstrating the influence of other important design variables on the required fire resistance time of the NBR 15200 (ABNT, 2012). Among several conclusions, it was found that the load level to which the structural elements are subjected considerably affects their fire resistance time. For this reason, it was recommended that the methods for calculating the required fire resistance time consider the load level. In addition, the article quantifies the security degree of the tabular method and exposes some situations for which the tabular method proved to be unsafe. Moreover, in all the models analyzed, the relationship between the span and the vertical deflection associated with the failure of the beams in a fire situation was determined. With this, a span over average deflection relationship was presented in which beams in fire situations fail.

Punching can trigger catastrophic failures in flat slabs because of its sudden nature resulting from exceeding the shear capacity of slabs. Effect of using recycled aggregate, as an environmental-friendly alternative to traditional RC structures, on punching behavior of these slabs was not sufficiently investigated in the literature. Hence, this paper aims to experimentally study the effect of using recycled coarse aggregate (RCA) on the punching shear capacity (PSC) of RC flat slabs. The RCA is produced by crushing of waste of concrete standard cubes obtained from compression tests.

A total of 12 slab-column connection specimens with different slab thicknesses (140, 160 and 200 mm) and different RCA percentages (0%, 30% and 70%) were prepared and tested under a central point load, to test its effect on the behavior of flat slabs. The punching failure loads of the tested specimens were compared with those obtained according to the provisions of different international building codes.

Compared with natural aggregate concrete, mixes with 30% and 70% RCA experienced reductions in the compressive that did not exceed 4% and 21%, while reductions of 4% and 13% were observed for the tensile strength, respectively. The increase in the amount of RCA reduced the PSC by 0%–7%, 0%–4% and 4%–10% for slabs with a thickness of 140, 160 and 200 mm, respectively. For slabs with punching shear reinforcement (PSR), ACI 318 provided the closest estimation for the PSC by 9%, whereas EURO 2 overestimated the PSC by 25% and ECP 203 underestimated the PSC by 41%.

The provided conclusions are obtained from the conducted experimental work where a constant W/C ratio, aggregate type and a maximum aggregate size of 19 mm for the RCA were adopted.

Enhancement in the behavior of flat slabs with various thicknesses and amounts of RCA because of introducing PSR is experimentally evaluated. The failure loads of the tested slabs with recycled and normal coarse aggregates were compared against different code provisions.

Industry 4.0 has offered significant potential for manufacturing firms to alter and rethink their business models, production processes, strategies and objectives. Manufacturing organizations have recently undergone substantial transformation due to Industry 4.0 technologies. Hence, to successfully deploy and embed Industry 4.0 technologies in their organizational operations and practices, businesses must assess their adoption readiness. For this purpose, a multi-dimensional analytical indicator methodology has been developed to measure Industry 4.0 maturity and preparedness.

A weighted average method was adopted to assess the Industry 4.0 readiness using a case study from a steel manufacturing organization.

The result revealed that the firm ranks between Industry 2.0 and Industry 3.0, with an overall score of 2.32. This means that the organization is yet to achieve Industry 4.0 mature and ready organization.

The multi-dimensional indicator framework proposed can be used by managers, policymakers, practitioners and researchers to assess the current status of organizations in terms of Industry 4.0 maturity and readiness as well as undertake a practical diagnosis and prognosis of systems and processes for its future adoption.

Although research on Industry 4.0 maturity models has grown exponentially in recent years, this study is the first to develop a multi-dimensional analytical indicator to measure Industry 4.0 maturity and readiness.

Top-seat angle connection is known as one of the usual uncomplicated beam-to-column joints used in steel structures. This article investigates the fire performance of welded top-seat angle connections.

A finite element (FE) model, including nonlinear contact interactions, high-temperature properties of steel, and material and geometric nonlinearities was created for accomplishing the fire performance analysis. The FE model was verified by comparing its simulation results with test data. Using the verified model, 24 steel-framed top-seat angle connection assemblies are modeled. Parametric studies were performed employing the verified FE model to study the influence of critical factors on the performance of steel beams and their welded angle joints.

The results obtained from the parametric studies illustrate that decreasing the gap size and the top angle size and increasing the top angles thickness affect fire behavior of top-seat angle joints and decrease the beam deflection by about 16% at temperatures beyond 570 °C. Also, the fire-resistance rating of the beam with seat angle stiffener increases about 15%, compared to those with and without the web stiffener. The failure of the beam happens when the deflections become more than span/30 at temperatures beyond 576 °C. Results also show that load type, load ratio and axial stiffness levels significantly control the fire performance of the beam with top-seat angle connections in semi-rigid steel frames.

Development of design methodologies for these joints and connected beam in fire conditions is delayed by current building codes due to the lack of adequate understanding of fire behavior of steel beams with welded top-seat angle connections.

The conflict between institutionalism and neoclassicism in the 20th century has been investigated by scholars over the years. Many of them believe that in the postwar period, neoclassicism triumphed while institutionalism largely disappeared. The present chapter takes a very different view. The late 20th century represents a broad synthesis of neoclassical and institutional themes in a methodology we call pragmatic empiricism. That approach combines the mathematical model building and theoretical formalism of neoclassical economics with the institutional economist’s data-driven statistical analysis and concern for developing institutional forms. We use as a case study the history of American locational economics from the 1930s to the present. The mixing of institutional and neoclassical themes is quite evident in the work of three young scholars at Harvard who effectively initiated American locational economics. In the postwar period, we find a series of outstanding, well-published papers that capture the spirit of the “founders.” These papers do use more modeling, but they also focus on major institutional developments. A broader review of locational works is consistent with the pragmatic empiricism label. The history of locational economics supports the claim that institutionalism, far from disappearing, continues to provide fundamental questions and techniques for modern pragmatic empiricism.

This review paper seeks to enhance knowledge of how pre-loading affects reinforced concrete (RC) beams under fire. It investigates key factors like deflection and load capacity to understand pre-loading's role in replicating RC beams' actual responses to fire, aiming to improve fire testing protocols and structural fire engineering design.

This review systematically aggregates data from existing literature on the fire response of RC beams, comparing scenarios with (WP) and without pre-loading (WOP). Through statistical tools like the two-tailed t-test and Mann–Whitney U-test, it assesses deflection extremes. The study further examines structural responses, including flexural and shear behavior, ultimate load capacity, post-yield behavior, stiffness degradation and failure modes. The approach concludes with a statistical forecast of ideal pre-load levels to elevate experimental precision and enhance fire safety standards.

The review concludes that pre-loading profoundly affects the fire response of RC beams, suggesting a 35%–65% structural capacity range for realistic simulations. The review also recommended the initial crack load as an alternative metric for determining the pre-loading impact. Crucially, it highlights that pre-loading not only influences the fire response but also significantly alters the overall structural behavior of the RC beams.

The review advances structural fire engineering with an in-depth analysis of pre-loading's impact on RC beams during fire exposure, establishing a validated pre-load range through thorough statistical analysis and examination of previous research. It refines experimental methodologies and structural design accuracy, ultimately bolstering fire safety protocols.

This study investigates the impact of the fire decay phase on structural damage using the sectional analysis method. The primary objective of this work is to forecast the non-dimensional capacity parameters for the axial and flexural load-carrying capacity of reinforced concrete (RC) sections for heating and the subsequent post-heating phase (decay phase) of the fire.

The sectional analysis method is used to determine the moment and axial capacities. The findings of sectional analysis and heat transfer for the heating stage are initially validated, and the analysis subsequently proceeds to determine the load capacity during the fire’s heating and decay phases by appropriately incorporating non-dimensional sectional and material parameters. The numerical analysis includes four fire curves with different cooling rates and steel percentages.

The study’s findings indicate that the rate at which the cooling process occurs after undergoing heating substantially impacts the axial and flexural capacity. The maximum degradation in axial and flexural capacity occurred in the range of 15–20% for cooling rates of 3 °C/min and 5 °C/min as compared to the capacity obtained at 120 min of heating for all steel percentages. As the fire cooling rate reduced to 1 °C/min, the highest deterioration in axial and flexural capacity reached 48–50% and 42–46%, respectively, in the post-heating stage.

The established non-dimensional parameters for axial and flexural capacity are limited to the analysed section in the study owing to the thermal profile, however, this can be modified depending on the section geometry and fire scenario.

The study primarily focusses on the degradation of axial and flexural capacity at various time intervals during the entire fire exposure, including heating and cooling. The findings obtained showed that following the completion of the fire’s heating phase, the structural capacity continued to decrease over the subsequent post-heating period. It is recommended that structural members' fire resistance designs encompass both the heating and cooling phases of a fire. Since the capacity degradation varies with fire duration, the conventional method is inadequate to design the load capacity for appropriate fire safety. Therefore, it is essential to adopt a performance-based approach while designing structural elements' capacity for the desired fire resistance rating. The proposed technique of using non-dimensional parameters will effectively support predicting the load capacity for required fire resistance.

The fire-resistant requirements for reinforced concrete structures are generally established based on standard fire exposure conditions, which account for the fire growth phase. However, it is important to note that concrete structures can experience internal damage over time during the decay phase of fires, which can be quantitatively determined using the proposed non-dimensional parameter approach.

Effective inventory management is crucial for SMEs due to limited resources and higher risks like cash flow, storage space, and stockouts. Hence, the aim is to explore how technology and know-how can be integrated with inventory practices and impact operational performance.

The basis of the analysis was collecting papers from a wide range of databases, which included Scopus, Web of Science, and Google Scholar. In the first phase of the process, a search string with as many as nine related keywords was used to obtain 175 papers. It further filtered them based on their titles and abstracts to retain 95 papers that were included for thorough analysis.

The study introduced innovative methods of measuring inventory practices by exploring the impact of know-how. It is the first of its kind to identify and demonstrate how technical, technological, and behavioral know-how can influence inventory management practices and ultimately impact the performance of emerging SMEs. This study stands out for its comprehensive approach, which covers traditional and modern inventory management technologies in a single study.

The study provides valuable insights into the interplay between technical, technological, and behavioral know-how in inventory management practices and their effects on the performance of emerging SMEs in Industry 5.0 in the light of RBV theory.

The RBV theory and the Industry 5.0 paradigm are used in this study to explore how developing SMEs' inventory management practices influence their performance. This study investigates the effects of traditional and modern inventory management systems on business performance. Incorporating RBV theory with the Industry 5.0 framework investigates firm-specific resources and technological advances in the current industrial revolution. This unique technique advances the literature on inventory management and has industry implications.