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The purpose of this paper is to investigate the causal relationship between risk experienced within the real estate industry and that of the overall market in the UK context. The motivation behind this research is to investigate whether the real estate sector transmits risk to the wider marketplace and whether this phenomenon existed, or was exacerbated, during the most recent financial crisis.

The study was undertaken over a 20‐year timeframe, from 1990 to 2010, with special attention being awarded to the global financial crisis (GFC) period from 2008 to 2010. The paper first undertakes graphical modeling of market and industry volatilities in an attempt to identify which industry drives market uncertainty. This is followed by quantitative computation of industry‐specific volatility, which is employed in examining the relationship between these volatilities using block exogeneity/Granger causality tests. Rolling sample analysis and impulse response functions are employed as robustness tests to substantiate the main results.

First, the analysis confirms research that finance industry volatility is a leader in driving market volatility. Second, it expands on these findings to identify the real estate sector as being a key source of this causal relationship. It finds that real estate risk is the one that regularly drives finance industry volatility over the 20‐year sample period. Third, and most importantly, it emerges that the causal link between the real estate sector and market volatility is at its strongest leading up to the most recent financial crisis. More specifically, the real estate investment trusts sub‐sector of real estate industry volatility is the one that has the strongest unidirectional relationship with market‐wide volatility, both directly and indirectly, through driving the finance industry volatility during the GFC.

These findings are significant for market participants, such as pension funds, which need to protect their assets from a stock market crash. Furthermore, anticipating a downturn by observing the trends in real estate sector volatility is highly advantageous in informing their trading strategies now and into the future. Policy makers likewise need a signal of an impending credit crunch and can utilize real estate market statistics to pre‐empt a freezing up of the credit markets.

Today the amount of all kinds of digital data (e.g. documents and e‐mails), existing on every user's computer, is continuously growing. Users are faced with huge difficulties when it comes to handling the existing data pool and finding specific information, respectively. This paper aims to discover new ways of searching and finding semi‐structured data by integrating semantic metadata.

The proposed architecture allows cross‐border searches spanning various applications and operating system activities (e.g. file access and network traffic) and improves the human working process by offering context‐specific, automatically generated links that are created using ontologies.

The proposed semantic enrichment of automated gathered data is a useful approach to reflect the human way of thinking, which is accomplished by remembering relations rather than keywords or tags. The proposed architecture supports the goals of supporting the human working process by managing and enriching personal data, e.g. by providing a database model which supports the semantic storage idea through a generic and flexible structure or the modular structure and composition of data collectors.

Available programs to manage personal data usually offer searches either via keywords or full text search. Each of these existing search methodologies has its shortcomings and, apart from that, people tend to forget names of specific objects. It is often easier to remember the context of a situation in which, for example, a file was created or a web site was visited. By proposing this architectural approach for handling semi‐structured data, it is possible to offer a sophisticated and more applicable search mechanism regarding the way of human thinking.

Tools for the assessment of the quality and reliability of Web applications are based on the possibility of downloading the target of the analysis. This is achieved through Web crawlers, which can automatically navigate within a Web site and perform proper actions (such as download) during the visit. The most important performance indicators for a Web crawler are its completeness and robustness, measuring respectively the ability to visit the Web site entirely and without errors. The variety of implementation languages and technologies used for Web site development makes these two indicators hard to maximize. We conducted an evaluation study, in which we tested several of the available Web crawlers.

Testing business processes is crucial to assess the compliance of business process models with requirements. Automating this task optimizes testing efforts and reduces human error while also providing improvement insights for the business process modeling activity. The primary purposes of this paper are to conduct a literature review of Business Process Model and Notation (BPMN) testing and formal verification and to propose the Business Process Evaluation and Research Framework for Enhancement and Continuous Testing (bPERFECT) framework, which aims to guide business process testing (BPT) research and implementation. Secondary objectives include (1) eliciting the existing types of testing, (2) evaluating their impact on efficiency and (3) assessing the formal verification techniques that complement testing.

The methodology used is based on Kitchenham's (2004) original procedures for conducting systematic literature reviews.

Results of this study indicate that three distinct business process model testing types can be found in the literature: black/gray-box, regression and integration. Testing and verification approaches differ in aspects such as awareness of test data, coverage criteria and auxiliary representations used. However, most solutions pose notable hindrances, such as BPMN element limitations, that lead to limited practicality.

The databases selected in the review protocol may have excluded relevant studies on this topic. More databases and gray literature could also be considered for inclusion in this review.

Three main originality aspects are identified in this study as follows: (1) the classification of process model testing types, (2) the future trends foreseen for BPMN model testing and verification and (3) the bPERFECT framework for testing business processes.

Pervasive computing enhances the environment by embedding many computers that are gracefully integrated with human users. The purpose of this paper is to describe the creation of a smart context‐aware environment in which computation follows people and serves them everywhere. Building such smart environments is still difficult and complex due to lacking a uniform infrastructure that can adapt to diverse smart domains.

To address this problem, the paper proposes an agent‐based pluggable infrastructure which integrates a mobile agent system named pvMogent, establishes an ontology‐based context model and introduces a workflow‐based application model with the open services gateway initiative (OSGi) framework. By plugging corresponding domain context in ontology model and different applications, the infrastructure can be customized to various domains.

Through the implementation of several context‐aware applications, it was found that the infrastructure can largely reduce the development complexity as well as keep the domain extensibility by plugging corresponding domain context in ontology model.

In this paper, a number of key techniques are explored which are suitable for building context‐awareness. The experiences and lessons learned from the system development could further facilitate and inspire the research in this direction.

Occupant feedback is crucial for healthy, comfortable and productive offices. Existing facility management (FM) systems are limited in effective use of occupant feedback, as they fail to collect the vital contextual information (e.g. related building element, space) associated with the feedback. The purpose of this study is to formalise the contextual information requirements for structured collection of occupant feedback for rapid diagnosis and resolution of problems and integrating occupant feedback with building information modelling (BIM) for making use of its visualisation and analysis capabilities, and eventually for effective use of occupant feedback in FM operations.

A mixed-methods approach was conducted in four steps: (1) identifying occupant feedback types (e.g. echo in meeting room) in office buildings, (2) examining the current practice in collecting and processing occupant feedback via use cases, (3) determining the contextual information requirements via expert interviews and (4) validation of the information requirements via a BIM-integrated prototype.

The findings present the contextual information requirements for 107 occupant feedback types grouped under thermal comfort, indoor air quality, acoustic comfort, visual comfort, building design and facility services.

Feedback-specific contextual information items enable structured data collection and help to avoid missing data and minimise the time lost in manual data entry and recursive interaction with the occupants during FM operations.

The contextual information requirements determined are expected to enhance occupant satisfaction and FM performance in office buildings by better use of the occupant feedback and integration into BIM-enabled FM and can be extended to other building types in future studies by using the proposed methodology.

The symbol‐based epistemology used in artificial intelligence is contrasted with the constructivist, coherence epistemology promoted by cybernetics. The latter leads to bootstrapping knowledge representations, in which different parts of the system mutually support each other. Gordon Pask’s entailment meshes are reviewed as a basic application of this approach, and then extended to entailment nets: directed graphs governed by the “bootstrapping axiom”, determining which concepts are to be distinguished or merged. This allows a constant restructuring of the conceptual network. Semantic networks and frame‐like representations can be expressed in this scheme by introducing a basic ontology of node and link types. Entailment nets are then generalized to associative networks with weighted links. Learning algorithms are presented which can adapt the link strengths, based on the frequency with which links are selected by hypertext users. It is argued that such bootstrapping methods can be applied to make the World Wide Web more intelligent, allowing it to self‐organize and support inferences.

VirtuNav is a haptic-, audio-enabled virtual reality simulator that facilitates persons with visual impairment to explore a 3D computer model of a real-life indoor location, such as a room or building. The purpose of this paper is to aid in pre-planning and spatial awareness, for a user to become more familiar with the environment prior to experiencing it in reality.

The system offers two unique interfaces: a free-roam interface where the user can navigate, and an edit mode where the administrator can manage test users, maps and retrieve test data.

System testing reveals that spatial awareness and memory mapping improve with user iterations within VirtuNav.

VirtuNav is a research tool for investigation of user familiarity developed after repeated exposure to the simulator, to determine the extent to which haptic and/or sound cues improve a visually impaired user’s ability to navigate a room or building with or without occlusion.

The application may prove useful for greater real world engagement: to build confidence in real world experiences, enabling persons with sight impairment to more comfortably and readily explore and interact with environments formerly unfamiliar or unattainable to them.

VirtuNav is developed as a practical application offering several unique features including map design, semi-automatic 3D map reconstruction and object classification from 2D map data. Visual and haptic rendering of real-time 3D map navigation are provided as well as automated administrative functions for shortest path determination, actual path comparison, and performance indicator assessment: exploration time taken and collision data.

The purpose of this paper is to address the capture and documentation of essential design for manufacture (DFM) pieces of information to make design decisions. Essential manufacturing information is that which can affect the fulfilment of functional requirements and product constraints. The hierarchical structure of the main components for the open architecture‐process planning model (PPM), manufacturing activity model (MAM) and manufacturing resource model (MRM) are discussed The aim of the approach is to define manufacturing knowledge structures and develop a knowledge‐based application for DFM.

This work addresses the capture and documentation of essential DFM pieces of information to make design decisions. Essential manufacturing information is that which can affect the fulfilment of functional requirements and product constraints. The hierarchical structure of the main components for the open architecture‐PPM, MAM and MRM are discussed. The aim of the approach is to define manufacturing knowledge structures and develop a knowledge‐based application for DFM.

This paper gives details of the application framework development by integrating object‐oriented technology and component‐based development. This will help to achieve large‐scale software reuse for manufacturing application development projects. This paper also gives an overview of a computer system for automated concurrent engineering, and more particularly, to a method for the concurrent design of parts, tools and processes.

The workability of this approach was tested in a machine‐tool manufacturing firm and the same has been presented as a case.