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Article

Wenling Lu and David A. Whidbee

This paper aims to examine the characteristics of banks that were the target of intervention in the form of bailout or failure during the financial crisis and, of those…

Abstract

Purpose

This paper aims to examine the characteristics of banks that were the target of intervention in the form of bailout or failure during the financial crisis and, of those subjected to intervention, what characteristics distinguish those that received bailout funds from those that were deemed failures.

Design/methodology/approach

The study estimates a series of logit regressions in an effort to identify the causes of regulatory intervention while controlling for bank-level characteristics and the economic and regulatory environment.

Findings

The empirical results indicate that many of the same characteristics associated with banks receiving bailout funds are similar to the characteristics associated with failed banks. However, non-performing loans increased the likelihood of failure, but reduced the likelihood of a bank receiving Capital Purchase Program (CPP) funds, suggesting that regulatory authorities discriminated in their use of CPP funds based on the quality of a bank’s asset portfolio. Further, those banks located in states with limits on de novo branching and those banks that are part of a multi-bank holding company structure were less likely to fail but were more likely to receive CPP funds.

Originality/value

This paper provides a comprehensive analysis of regulatory intervention in the banking industry during the late 2000s financial crisis and the impact of different banking organizational structures, economic circumstances, and financial fragility on the likelihood of a bank failing or receiving bailout funds.

Details

Journal of Financial Economic Policy, vol. 8 no. 3
Type: Research Article
ISSN: 1757-6385

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Article

Fábio Ribeiro Soares da Cunha, Tobias Wille, Richard Degenhardt, Michael Sinapius, Francisco Célio de Araújo and Rolf Zimmermann

This paper aims to present a new robustness-based design strategy for thin-walled composite structures under compressive loading, which combines strength requirements in…

Abstract

Purpose

This paper aims to present a new robustness-based design strategy for thin-walled composite structures under compressive loading, which combines strength requirements in terms of the limit and ultimate load with robustness requirements evaluated from the structural energy until collapse.

Design/methodology/approach

In order to assess the structural energy, the area under the load-shortening curve between several characteristic points such as local buckling, global buckling, onset of degradation and collapse load is calculated. In this context, a geometrically nonlinear finite element analysis is carried out, in which the ply properties are selectively degraded by progressive failure.

Findings

The advantage of the proposed methodology is observed by analyzing unstiffened composite plates under compressive loading, wherein the lightest plate that satisfies both strength and robustness requirements can be attained.

Practical implications

As a practical implication, this methodology gives a new argument to accept the collapse load close to the ultimate load once robustness is ensured.

Originality value

The structural energy is employed to investigate the robustness of thin-walled composite structures in postbuckling, and new energy-based robustness measures are proposed. In the design of composite structures, this innovative strategy might lead to a more robust design when compared to an approach that only accounts for the ultimate load.

Details

Aircraft Engineering and Aerospace Technology: An International Journal, vol. 86 no. 4
Type: Research Article
ISSN: 0002-2667

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Article

Dan M. Frangopol

The paper attempts to establish the connection between structural reliability and structural optimization for the particular case of plastic structures. Along this line…

Abstract

The paper attempts to establish the connection between structural reliability and structural optimization for the particular case of plastic structures. Along this line, the paper outlines a reliability‐based optimization approach to design plastic structures with uncertain interdependent strengths and acted on by random interdependent loads. The importance of such interdependencies, and of some of the other statistical parameters used as input data in probabilistic computations, is demonstrated by several examples of sensitivity studies on both the probability of collapse failure as well as the reliability‐based optimum solution.

Details

Engineering Computations, vol. 1 no. 3
Type: Research Article
ISSN: 0264-4401

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Article

Hossein Nematiyan Jelodar

Analysis of designing and controlling the failure of marine structures attached to the bottom of the sea under dynamic load obtained from the sea waves is one of the main…

Abstract

Purpose

Analysis of designing and controlling the failure of marine structures attached to the bottom of the sea under dynamic load obtained from the sea waves is one of the main engineering challenges in recent years. The circumstances of the onshore marine structures have their own complexity and the difficulty due to the effect of hydrodynamic factors and dynamic responses which are dominant in the marine environment. The paper aims to discuss these issues.

Design/methodology/approach

The structure elements are composed of the metal pipe with a length of 5 m, outside diameter of 20 cm and thickness of 1.5 mm. the failure control with a safety factor of 2 indicates the absence of the above marine structure failure. It has been diagnosed to be trustworthy and reliable.

Findings

In this study, the control of marine steel structure failure with the height of 60 m under the dynamic load of the sea water waves having sinusoidal shape in the Caspian Sea has been studied and analyzed.

Originality/value

In this paper, the minimum and maximum internal force and movement in six directions of freedom were obtained for each element. To analyze and control the failure, the combination of stresses caused by static and dynamic loads has been used. According to the regulation of 10-360-AISC, the control was conducted.

Details

International Journal of Structural Integrity, vol. 8 no. 5
Type: Research Article
ISSN: 1757-9864

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Article

Rosario Borrelli, Francesco Di Caprio, Umberto Mercurio and Fulvio Romano

The main objective of this work is to assess the current capabilities of different commercial finite element (FE) codes in simulating the progressive damage of composite…

Abstract

Purpose

The main objective of this work is to assess the current capabilities of different commercial finite element (FE) codes in simulating the progressive damage of composite structures under quasi-static loading condition in post-buckling regime.

Design/methodology/approach

Progressive failure analysis (PFA) methodologies, available in the investigated FE codes, were applied to a simple test case extracted from literature consisting in a holed composite plate loaded in compression.

Findings

Results of the simulations are significantly affected by the characteristic parameters needed to feed the degradation models implemented in each code. Such parameters, which often do not have a physical meaning, have to be necessarily set upon fitting activity with an experimental database at coupon level. Concerning the test case, all the codes were found able to capture the buckling load and the failure load with a good accuracy.

Originality/value

This paper would to give an insight into the PFA capabilities of different FE codes, providing the guidelines for setting the degradation model parameters which are of major interest.

Details

International Journal of Structural Integrity, vol. 4 no. 3
Type: Research Article
ISSN: 1757-9864

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Article

Subir Paul

The purpose of this paper is to predict the life of a corroding metallic structure in seawater so that uncertain and unpredictable failures of a structure, leading to…

Abstract

Purpose

The purpose of this paper is to predict the life of a corroding metallic structure in seawater so that uncertain and unpredictable failures of a structure, leading to accidents, can be prevented.

Design/methodology/approach

Pitting has been known to show a large scatter in the measurable parameters such as corrosion rate, maximum pit depth, time to perforation and so on. Scatter results from the influence on pit development on metal surface heterogeneity and from variations in the corrosive environment over time. All these facts suggest that randomness is an inherent and unavoidable characteristic of pitting corrosion over time, so that stochastic models have been developed to formulate pit depth as a function of parameters influencing the process. Since chloride penetrates the passive film of the metal surface, Cl ion distribution into the metal has been mapped by finite element method (FEM).

Findings

The maximum pit depth which decides the onset of perforation or leakage has been modeled by the following equation: d=36.31(ΔE)0.68×(Δt)0.35. Cl ion distribution within a pit and outside has been modeled for better understanding of pit initiation which till today is not fully understood.

Practical implications

Perforation and leakage of a tank, container, or pipeline occur when the depth of pitting reaches the section thickness of the material of which the metallic structures are made. The pitting corrosion is localized and occurs at any spot or site where electrochemical conditions (ΔE Equation (9)) are prone to pitting. This leads to unpredictable failures of the structures which may look polished and undamaged under naked eyes. In most metallic structures, pitting may be present at some spots, but failures occur only when the depth predicted by the model Equation (9) reaches the section thickness of the material. Thus, determining pipe to soil potential gives a guide to go for maintenance before pit depth reaches the material thickness, and thereby unpredictable failure can be prevented. Second, the map generated by FEM showing Cl distribution throws much information and light on movement of Cl ions from passive layer into the pit, which leads to its growth. This helps scientists and researchers to understand the mechanism and gives much insights on finding new methods for protection of structures.

Social implications

The work will guide the engineers and researchers to prevent unpredictable failures of structures leading to accidents and human and property loss and prevent environment pollution from spilling of oil from tank and pipeline.

Originality/value

This is an original work based on several laboratory-generated simulated experimental data.

Details

Multidiscipline Modeling in Materials and Structures, vol. 12 no. 3
Type: Research Article
ISSN: 1573-6105

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Article

B. Sharma and O.P. Gandhi

Most of the mechanical systems consist of common tribo components such as gear, bearing, seal, pump, etc. During operation, the failure of such a component may lead to…

Abstract

Purpose

Most of the mechanical systems consist of common tribo components such as gear, bearing, seal, pump, etc. During operation, the failure of such a component may lead to failure of the system or any other components depending on the system structure or its connections. The transformation of functional quantities or parameters within and various components make these vulnerable to failures and breakdowns. The main purpose of this paper is to evaluate the reliability of a tribo‐pair during operation based on the operational parameters which takes into account the deviation in functional objective and considers the component structure explicitly.

Design/methodology/approach

Failure representation using digraph models have mainly been limited to chemical systems and processes but have been applied to a limited extent to mechanical systems. Researchers have considered the operating parameters such as pressure, temperature; feed rate, flow, etc. as the input/output operational parameter for failure cause identification of tribo mechanical system. However, these are not true in case of components like gear, bearing, etc. Therefore, this methodology has been refined in this paper, and is extended to a tribo‐pair by considering its functions along with operating parameters for reliability assessment. The tribo‐pair considered for the development of model is a gear pair, which is a common and important example of mechanical components.

Findings

Understanding of the failure modes helps the designer in identifying the root cause of failure and the operational parameters whose increase/decrease affects the functional objective. Consideration of the input and output parameters and their interrelations are used to develop input‐output model of a gear pair called gear pair model. This requires consideration of the input and output parameters, which are based on the gear pair functionality. These parameters have been identified. Four input parameters; five output parameters and one condition monitoring parameter are considered to model the gear pair. In addition to input and output parameters condition monitoring parameters are also considered to develop the gear pair model.

Originality/value

Reliability assessment of a tribo‐pair during operation will help the practicing engineers to take corrective action and minimize the occurrence of undesired failure symptom during operation. The decrease in possibility of undesired failure symptom will enhance the reliability of mechanical system.

Details

Industrial Lubrication and Tribology, vol. 60 no. 3
Type: Research Article
ISSN: 0036-8792

Keywords

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Article

Liling Ge and Yingjie Zhang

The purpose of this paper is to identify the critical components of a complex system by using survival signature. First, a complex system is abstracted with varying scales…

Abstract

Purpose

The purpose of this paper is to identify the critical components of a complex system by using survival signature. First, a complex system is abstracted with varying scales and generates a multi-levels model. Then reliability evaluations can be conducted by survival signature from rough to fine for tracing and identifying them. Finally, the feasibility of the proposed approach is demonstrated by an actual production system.

Design/methodology/approach

The paper mainly applies a multi-level evaluating strategy for the reliability analysis of complex systems with components of multiple types. In addition, a multi-levels model of a complex system is constructed and survival signature also used for evaluation.

Findings

The proposed approach was demonstrated to be the feasibility by an actual production system that is used in the case study.

Research limitations/implications

The case study was performed on a system with simple network structure, but the proposed approach could be applied to systems with complex ones. However, the approach to generate the digraphs of abstraction levels for complex system has to be developed.

Practical implications

So far the approach has been used for the reliability analysis of a machining system. The approach that is proposed for the identification of critical components also can be applied to make maintenance decision.

Originality/value

The multi-level evaluating strategy that was proposed for reliability analysis and the identification of critical components of complex systems was a novel method, and it also can be applied as index to make maintenance planning.

Details

Engineering Computations, vol. 37 no. 1
Type: Research Article
ISSN: 0264-4401

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Article

Franck Taillandier, Cédric Baudrit, Claudio Carvajal, Benjamin Delhomme and Bruno Beullac

Civil engineering structures are regularly confronted with failures that can lead to catastrophic consequences. It is important, after a failure, to be able to identify…

Abstract

Purpose

Civil engineering structures are regularly confronted with failures that can lead to catastrophic consequences. It is important, after a failure, to be able to identify the origin and the sequence of factors that led to it. This failure analysis by experts, called forensic engineering investigation, generally leads to the drafting of an expert report. These reports do not inform on the processes that guided the experts to a conclusion and the uncertainties involved. This paper aims to propose a new methodological approach to formalize the opinions of experts in forensic engineering.

Design/methodology/approach

The research consists in combining abstract argumentation with the theory of imprecise probabilities to take into account epistemic and stochastic uncertainties to support forensic engineering investigation.

Findings

A model and a tool to support forensic analysis are presented. An application on the collapse of the Brumadinho dam highlights the interest of the chosen approach.

Originality/value

This work is the first use of the abstract argument framework in civil engineering, and so in forensic engineering. Furthermore, it provides an innovative model based on imprecise probability for AAF.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

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Article

Ujjwal R. Bharadwaj, Vadim V. Silberschmidt and John B. Wintle

Inspection and maintenance of plant and machinery has traditionally been based on prescriptive industry practices. However, increased experience and a greater…

Abstract

Purpose

Inspection and maintenance of plant and machinery has traditionally been based on prescriptive industry practices. However, increased experience and a greater understanding of operational hazards is leading sections of industry to take a more informed approach to planning inspection and maintenance, targeting resources to reduce the risk to as low as reasonably practicable. The purpose of this paper is to present an approach to asset management to minimize risks in the most cost effective way.

Design/methodology/approach

The approach shown optimizes run‐repair‐replace decision‐making in the integrity management of assets with the ultimate aim of maximising the impact of money spent on risk mitigation actions. The risk‐based approach, as opposed to the more conventional approaches, assesses failure in its wider context by considering not just the likelihood of failure, but also the consequences should the failure event occur.

Findings

The risk‐based methodology presents a cost‐effective way to minimise life cycle costs in the management of assets whilst maintaining reliability or availability targets, and operating within safety and environmental regulation.

Practical implications

In this paper, for demonstration, a wind turbine system consisting of a number of components including structural components is used. However, the methodology can be extended to any system in which components can be analyzed to provide the required inputs to the risk model.

Originality/value

At a time when competitive pressures force asset managers to prioritize their maintenance, the risk‐based methodology presented here is a rational, efficient and somewhat flexible way to asset integrity management.

Details

Journal of Quality in Maintenance Engineering, vol. 18 no. 4
Type: Research Article
ISSN: 1355-2511

Keywords

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