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The purpose of this study is to enable performing reliability-based design optimisation (RBDO) for a composite component while accounting for several multi-scale uncertainties using a large representative volume element (LRVE). This is achieved using an efficient finite element analysis (FEA)-based multi-scale reliability framework and sequential optimisation strategy.

An efficient FEA-based multi-scale reliability framework used in this study is extended and combined with a proposed sequential optimisation strategy to produce an efficient, flexible and accurate RBDO framework for fibre-reinforced composite laminate components. The proposed RBDO strategy is demonstrated by finding the optimum design solution for a composite component under the effect of multi-scale uncertainties while meeting a specific stiffness reliability requirement. Performing this using the double-loop approach is computationally expensive because of the number of uncertainties and function evaluations required to assess the reliability. Thus, a sequential optimisation concept is proposed, which starts by finding a deterministic optimum solution, then assesses the reliability and shifts the constraint limit to a safer region. This is repeated until the desired level of reliability is reached. This is followed by a final probabilistic optimisation to reduce the mass further and meet the desired level of stiffness reliability. In addition, the proposed framework uses several surrogate models to replace expensive FE function evaluations during optimisation and reliability analysis. The numerical example is also used to investigate the effect of using different sizes of LRVEs, compared with a single RVE. In future work, other problem-dependent surrogates such as Kriging will be used to allow predicting lower probability of failures with high accuracy.

The integration of the developed multi-scale reliability framework with the sequential RBDO optimisation strategy is proven computationally feasible, and it is shown that the use of LRVEs leads to less conservative designs compared with the use of single RVE, i.e. up to 3.5% weight reduction in the case of the 1 × 1 RVE optimised component. This is because the LRVE provides a representation of the spatial variability of uncertainties in a composite material while capturing a wider range of uncertainties at each iteration.

Fibre-reinforced composite laminate components designed using reliability and optimisation have been investigated before. Still, they have not previously been combined in a comprehensive multi-scale RBDO. Therefore, this study combines the probabilistic framework with an optimisation strategy to perform multi-scale RBDO and demonstrates its feasibility and efficiency for an fibre reinforced polymer component design.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Tenn. 37203. Mrs. Cheney does not sell the books listed here. They are available through normal trade sources. Mrs. Cheney, being a member of the editorial board of Pierian Press, will not review Pierian Press reference books in this column. Descriptions of Pierian Press reference books will be included elsewhere in this publication.

Communications regarding this column should be addressed to Mrs. Cheney, Peabody Library School, Nashville, Term. 37203. Mrs. Cheney does not sell the books listed here. They are available through normal trade sources. Mrs. Cheney, being a member of the editorial board of Pierian Press, will not review Pierian Press reference books in this column. Descriptions of Pierian Press reference books will be included elsewhere in this publication.

This paper aims to recount the genesis of a successful innovation cluster among Irish-based divisions of multinational enterprises (MNEs) and Irish universities in the pharmaceutical industry. This cluster was actively “narrativized” through the language of obligation, desire, competence and know-how. As such, it is typical of the “hero’s quest” literary genre in which challenges are faced, obstacles are overcome and victory is ultimately won. Importantly, in this story, the cluster was morally and pragmatically charged with dealing with significant challenges faced by the Irish pharmaceutical industry. Broader societal discourses operated as a resource for actors to use in proposing collaboration and innovation as the appropriate response to such challenges. Specifically, through narrative and discourse, actors created the necessary conditions conducive for a cluster to develop. These created a discursively constituted shared purpose which ultimately ensured successful innovation collaboration. Essentially, through narrative and discourse, the key actors identified the collaboration a protagonist in pursuit of a quest. By linking theoretical and empirical insights, the paper offers a conceptual framework that can be used in future studies to understand the emergence of clusters.

Adopting Wengraf’s (2001) structured approach to narrative interviewing, 18 key actors shared their understanding of how the cluster came into being. Each interview began with a single question intended to induce narrative, in this case “tell me the story of the cluster as you see it.” This allowed participants to be in control of their own story (Wengraf, 2001). Each interview was transcribed in full and appended to notes taken at the time of the interview. Each narrative offered a “purposeful account” (Jovchelovitch and Bauer, 2000) of how and why the cluster was formed and the centrality of the participants’ roles. In line with recognised protocols, in the authors analysis of data, they paid specific attention to how stories were told, the roles assigned to key protagonists, as well as how events and actors were linked in stories (see Czarniawska, 1997).

This paper further demonstrates how language, metaphor and narrative and discourse (Hatch, 1997) becomes a strategic resource on which actors can draw to create desired realities (Hardy et al., 2000) particularly in terms of collaboration and innovation. Further, this case highlights how dialogue was encouraged throughout the process of establishing the cluster and has continued to be an important element. Rather than imposing some grand design, the SSPC cluster is and always will be emergent. In this sense, in the early stages of collaboration, detecting and supporting existing and emergent communities is essential to success, and shared identity which is the outcome of members’ discursive practices appears to be a powerful driver of collaboration.

There are important insights for cluster and innovation theory development that can be extrapolated from this study. First, context-specific narrative accounts provided in this study further extend the authors’ understanding of the process through which fundamental changes (innovation) in organisational activities are enacted (Ettlie and Subramaniam, 2004). Second, the authors’ understanding of how new ventures are attributed organisational legitimacy through language and story is augmented (Gollant and Sillince, 2007; Pentland, 1999). Third, the authors have articulated how different discourses are mobilised by actors at different stages of development and for different audiences to create desired innovation outcomes, illustrating that innovations can result from advances in knowledge (McAdam et al., 1998). Finally, the authors see how discourse and practice are dynamic as participants articulate their intention to exert further influence on innovation discourse through their lobbying activities.

By focusing on the specific problem of crystallisation, and using the discourse of collaboration, particularised ties emerged around SSPC and this inspired synergistic action. When seeking approval from host organisations, they spoke in terms of return on investment and the potential to add value, part of the discourse of organisational effectiveness. Consequently, the authors stress the benefits of understanding audiences and adjusting discursive approaches on this basis. As such, this study provides evidence that tailored discursive approaches can be used as a resource for managers and practitioners that are seeking to inspire innovation through collaboration.

The discourse of collaboration also became a resource upon which actors could draw to articulate how they might respond to the context and realise the vision. Because this discourse is promoted in government reports and embodied in government strategy, the protagonists were able to borrow from the discourse to secure the necessary resources (in this case funding) that would enhance the possibilities of more effective collaboration. This is because different stakeholders engage with discourse in ways that help to create the outcomes they desire. It was noticeable that the leaders within the Solid State Pharmaceutical Cluster recognised the importance of discourse to innovation collaboration, and on this basis, they successfully adjusted the use of terminology in relation to the exchange partners they were addressing. When addressing potential partners within industry and academia, they utilised both the “burning platform” and “Ireland Inc.” metaphors to create generalised membership ties around the need for innovation and action.

First, context-specific narrative accounts provided in this study further extend the authors’ understanding of the process through which fundamental changes (innovation) in organisational activities are enacted (Ettlie and Subramaniam, 2004). Second, the authors have articulated how different discourses are mobilised by actors at different stages of development and for different audiences to create desired innovation outcomes, illustrating that innovations can result from advances in knowledge (McAdam et al., 1998). Finally, the authors see how discourse and practice are dynamic as participants articulate their intention to exert further influence on innovation discourse through their lobbying activities.

The concept of a company's cost of capital is used in capital budgeting as a potential basic discount rate to be applied to expected future cash flows from a proposed investment project being subjected to evaluation for acceptance or rejection. Discounted‐cash‐flow capital budgeting techniques derive from valuation theory that determines present value of expected future cash flows by discounting them down to the present at a discount rate appropriate to the degree of risk involved. Conceptually, this is true with regard to both domestic investment and foreign direct investment. However, there is recognition in the literature that capital budgeting for foreign direct investment decisions may involve complexities not present in the domestic case. These include economic, financial, and political factors, and related risks, e.g., foreign exchange risk, blocked currencies, expropriation. On the other hand, foreign direct investment is thought to provide diversification benefits, so that risks that are not domestically diversifiable are internationally diversifiable, thereby eliminating some otherwise systematic risk. Complexities such as these place a considerable burden upon the concept of cost of capital as a discount rate appropriately reflective of the degree of risk involved in a foreign direct investment project. Furthermore, cost of capital may be affected by environmental factors associated with what country the parent corporation calls “home” (Stonehill and Dullum).

The following classified, annotated list of titles is intended to provide reference librarians with a current checklist of new reference books, and is designed to supplement the RSR review column, “Recent Reference Books,” by Frances Neel Cheney. “Reference Books in Print” includes all additional books received prior to the inclusion deadline established for this issue. Appearance in this column does not preclude a later review in RSR. Publishers are urged to send a copy of all new reference books directly to RSR as soon as published, for immediate listing in “Reference Books in Print.” Reference books with imprints older than two years will not be included (with the exception of current reprints or older books newly acquired for distribution by another publisher). The column shall also occasionally include library science or other library related publications of other than a reference character.

This two‐year inquiry was commissioned by the American Business Conference (ABC) and conducted by McKinsey & Company, Inc., to explain how and why certain midsized growth companies have outpaced the nation in sales, profits, jobs, and exports. The study is based on an extensive literature search, several large data bases (PIMS, Compustat, and Dun & Bradstreet), and a survey. However, it was some sixty informal in‐depth interviews with ABC members—in some cases founders and always current leaders—that provided most of the unconventional and provocative insights.

The most significant event for the School has been the announcement of the creation of the National Centre for Management Research and Development. The Centre is due to open in 1986 and will provide research facilities for up to 20 major projects designed to improve the competitiveness of Canadian business practices.

Today, entrepreneurs are “predicting our future by inventing it”. This phenomenon is in response to the rapid economic growth and social change brought on by new technology and expanding world markets. Over the next fifty years, Americans may contemplate annual per capita income raising five to tenfold from the present $12,000 which our industrial society produces. The service economy will become more and more a knowledge or information economy. All institutions, public, private, for‐profit and not‐for‐profit, are changing or being changed. The economic value of knowledge is just being recognized. Libraries, as collections of books, are becoming value‐added information and knowledge centers. The present library world is confused by the apparent conflict between serving traditional scholastic and emerging business needs. There is great opportunity for service and profit to the imaginative library that organizes to provide the new forms of knowledge now available or being developed. Library systems need leaders with vision and the ability to negotiate major change — not administrators. Librarians as entrepreneurs must learn business. This includes venture management and finance. Available assistance includes: growing intrapreneurial understanding in large institutions; family and friends; ample private wealth seeking investment; new business incubators — many university sponsored; a maturing, amply funded venture capital industry; and rapidly spreading local ‘venture clubs’ organizing community resources for entrepreneurs.