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The purpose of this paper is to present detailed algorithms for simulation of individual and group control of production wells in hydrocarbon reservoirs which are implemented in a finite volume-based reservoir simulator.

The algorithm for individual control is described for the multi-lateral multi-connection ones based on the multi-segment model considering cross-flow. Moreover, a general group control algorithm is proposed which can be coupled with any well model that can handle a constraint and returns the flow rates. The performance of oil production process based on the group control criteria is investigated and compared for various cases.

The proposed algorithm for group control of production wells is a non-optimization iterative scheme converging within a few number of iterations. The numerical results of many computer runs indicate that the nominal power of the production wells, in general, is the best group control criterion for the proposed algorithm. The production well group control with a proper criterion can generally improve the oil recovery process at negligible computational costs when compared with individual control of production wells.

Although the group control algorithm is implemented for both production and injection wells in the developed simulator, the numerical algorithm is here described only for production wells to provide more details.

The proposed algorithm can be coupled with any well model providing the fluid flow rates and can be efficiently used for group control of production wells. In addition, the calculated flow rates of the production wells based on the group control algorithm can be used as candidate solutions for the optimizer in the simulation-optimization models. It may reduce the total number of iterations and consequently the computational cost of the simulation-optimization models for the well control problem.

A complete and detailed description of ingredients of an efficient well group control algorithm for the hydrocarbon reservoir is presented. Five group control criteria are extracted from the physical, geometrical and operating conditions of the wells/reservoir. These are the target rate, weighted potential, ultimate rate and introduced nominal power of the production wells. The performance of the group control of production wells with different group control criteria is compared in three different oil production scenarios from a black-oil and highly heterogeneous reservoir.

Solvency-II is the current regulatory framework of insurance companies in the European Union. Under this standard, European Insurance and Occupational Pension Authority (EIOPA), as a regulatory board, has established that the Smith–Wilson (SW) model can be used as the model to estimate interest rate curve. This paper aims to analyze whether this model adjusts to the market curve better than Nelson–Siegel (NS) and whether the values set for the parameters are adequate.

This empirical study analyzes whether the SW interest rate curve shows lower root mean squared errors than the NS curve for a sample of daily prices of Spanish Government bonds between 2014 and 2019.

The results indicate that NS adjusts the market data better, the parameters recommended by the EIOPA correspond to the maximum values observed in the sample period and the current recommended curve for insurance companies underestimates company operations.

This paper verifies that the criterion of the last liquid point does not allow for selecting an optimal sample to adjust the curve and criteria based on prices without arbitrage opportunities are more appropriate.

This paper aims to propose a novel method to predict and alleviate feature fatigue. Many products now are loaded with an extensive number of features. Adding more features to one product generally makes the product more attractive on the one hand but, on the other hand, may result in increasing difficulty to use the product. This phenomenon is called “feature fatigue”, which will lead to dissatisfaction and negative word-of-mouth (WOM). Feature fatigue will damage the brand’s long-term profit, and ultimately decrease the manufacturer’s customer equity. Thus, a problem of balancing the benefit of increasing “attractiveness” with the cost of decreasing “usability” exists.

A novel method based on the Bass model is proposed to predict and alleviate feature fatigue. Product capability, usability and WOM effects are integrated into the Bass model to predict the impacts of adding features on customer equity in product development, thus helping designers alleviate feature fatigue. A case study of mobile phone development based on survey data is presented to illustrate and validate the proposed method.

The results of the case study demonstrate that adding more features indeed increases initial sales; however, adding too many features ultimately decreases customer equity due to usability problems. There is an optimal feature combination a product should include to balance product capability with usability. The proposed method makes a trade-off between initial sales and long-term profits to maximize customer equity.

The proposed method can help designers predict the impacts of adding features on customer equity in the early stages of product development. It can provide decision supports for designers to decide what features should be added to maximize customer equity, thus alleviating feature fatigue.

The purpose of this paper is to explore sense-making of early childhood (EC) leaders in EC services rated as exceeding/excellent in Australian accreditation.

An interpretivist ontology and social constructivist epistemology informs the study. The conceptual framework uses the concept of sense-making to explore how leaders make sense of the policy frameworks and use these to shape practice.

Previous research identified that many leaders focussed on ensuring staff complied with new policy requirements. In contrast, this study found that these leaders paid more attention to relationships with staff and less to directing compliance.

The paper posits high quality service delivery is possible when leaders (in the words of a participant) look after their staff.

In Australia, neoliberal discourses have profoundly impacted on recent reforms in the EC sector. Previous research identified the ambiguities inherent in the Australian EC leadership role as leaders and staff grappled with new understandings and practices, and the uncertainties around lines of authority and influence. This paper is the first to explore the understandings of those leaders whose services are assessed to be operating at the highest level of quality.

Feature fatigue (FF) will lead to negative Word-Of-Mouth (WOM), which damages the brand’s long-term profit and ultimately decreases the manufacturer’s customer equity (CE). It becomes severer in multi-generation products because of the significant impacts of earlier generation products on the CE of later ones. The purpose of this paper is to alleviate FF, it is imperative for designers to decide what features should be integrated to balance initial revenue and long-term profit so as to maximize CE.

In this paper, a novel method based on the Norton-Bass model is proposed to alleviate FF of multi-generation products to help designers find optimal feature combination that maximizes CE. The authors take the effects of adding features on product capability and usability into account, and integrate product capability, usability, WOM and earlier-generation product’s effects into the Norton-Bass model to predict the impacts of FF on CE in current product development. A case study of a virtual product is presented to illustrate and validate the proposed method.

The advantage of the proposed method is highlighted in the cases of large feature number, high-product complexity (low-product usability) and multi-generation products. The experiments show that the earlier generations do affect the later ones from the perspective of maximizing CE. The superiority of the proposed method compared with the traditional way to put all potential features into a product during the product development is demonstrated. And the more features, the larger CE obtained using the proposed model than the one obtained by traditional way.

Although, there are reports attempting to analyze and alleviate FF, most of these studies still suffer the limitations that cannot point out what features should be added to the product with the objective of maximizing CE. In addition, few studies have been carried out to alleviate FF of multi-generation products. A novel method based on the Norton-Bass model and a genetic algorithm is proposed to alleviate FF of multi-generation products to help designers find optimal feature combination that maximizes CE.

Combustion gas corrosion and air‐preheater deposits. Air‐preheater corrosion in oil‐firing boilers has been the subject of many research workers, but mention has scarcely been made on the relationship between corrosion and deposits. Corrosion phenomena have been investigated by the analysis of the deposits by the use of chemical and physical methods, i.e. x‐ray diffraction and infrared spectroanalysis. Results are summarised as follows: (1) With decrease in the surface temperature, corrosion rate and acid deposition on metal surface are highly increased, which seems to be different from results by D. H. Kear, who observed a peak in the corrosion rate. (2) A correlation exists between free acid contents (or Fe2+/Fe3+) and combustible residue contents in the deposits.—T. Ohtsuka and O. Shimoda, Corr. Engg: (Boshiku Gijutsu), 1961, 10, 97.)

Contemporary literature reveals that, to date, the poultry livestock sector has not received sufficient research attention. This particular industry suffers from unstructured supply chain practices, lack of awareness of the implications of the sustainability concept and failure to recycle poultry wastes. The current research thus attempts to develop an integrated supply chain model in the context of poultry industry in Bangladesh. The study considers both sustainability and supply chain issues in order to incorporate them in the poultry supply chain. By placing the forward and reverse supply chains in a single framework, existing problems can be resolved to gain economic, social and environmental benefits, which will be more sustainable than the present practices.

The theoretical underpinning of this research is ‘sustainability’ and the ‘supply chain processes’ in order to examine possible improvements in the poultry production process along with waste management. The research adopts the positivist paradigm and ‘design science’ methods with the support of system dynamics (SD) and the case study methods. Initially, a mental model is developed followed by the causal loop diagram based on in-depth interviews, focus group discussions and observation techniques. The causal model helps to understand the linkages between the associated variables for each issue. Finally, the causal loop diagram is transformed into a stock and flow (quantitative) model, which is a prerequisite for SD-based simulation modelling. A decision support system (DSS) is then developed to analyse the complex decision-making process along the supply chains.

The findings reveal that integration of the supply chain can bring economic, social and environmental sustainability along with a structured production process. It is also observed that the poultry industry can apply the model outcomes in the real-life practices with minor adjustments. This present research has both theoretical and practical implications. The proposed model’s unique characteristics in mitigating the existing problems are supported by the sustainability and supply chain theories. As for practical implications, the poultry industry in Bangladesh can follow the proposed supply chain structure (as par the research model) and test various policies via simulation prior to its application. Positive outcomes of the simulation study may provide enough confidence to implement the desired changes within the industry and their supply chain networks.

The year 2010 was coming to a close, and Kapil, Marketing Manager of GEF India Private Limited (GEF), was thinking about the future. He had drafted a brief (see Exhibit 1) on conducting market research to assess the health of the brand Freedom Refined Sunflower Oil, which GEF had launched in the southern Indian state of Andhra Pradesh (AP) in February of that year.1 Kapil was very happy to note that the brand had achieved good sales, in fact, significantly higher sales than the target set for the launch. This had been achieved thanks to a well-thought-out launch plan that had included considerably more above the line (ATL) marketing expenditure than any of the competing brands in the market. He was interested in finding out whether and where exactly the brand had taken root in the minds of consumers. Another important purpose of the proposed market research was to assess the effectiveness of the launch plan. Above all, he felt it would provide valuable insights when he set out to prepare a marketing plan for the coming year.

This paper aims to review recent reports on mechanical properties of Sn-Bi and Sn-Bi-X solders (where X is an additional alloying element), in terms of the tensile properties, hardness and shear strength. Then, the effects of alloying in Sn-Bi solder are compared in terms of the discussed mechanical properties. The fracture morphologies of tensile shear tested solders are also reviewed to correlate the microstructural changes with mechanical properties of Sn-Bi-X solder alloys.

A brief introduction on Sn-Bi solder and reasons to enhance the mechanical properties of Sn-Bi solder. The latest reports on Sn-Bi and Sn-Bi-X solders are combined in the form of tables and figures for each section. The presented data are discussed by comparing the testing method, technical setup, specimen dimension and alloying element weight percentage, which affect the mechanical properties of Sn-Bi solder.

The addition of alloying elements could enhance the tensile properties, hardness and/or shear strength of Sn-Bi solder for low-temperature solder application. Different weight percentage alloying elements affect differently on Sn-Bi solder mechanical properties.

This paper provides a compilation of latest report on tensile properties, hardness, shear strength and deformation of Sn-Bi and Sn-Bi-X solders and the latest trends and in-depth understanding of the effect of alloying elements in Sn-Bi solder mechanical properties.

All over the world, the role of central banks is being redefined following the outbreak of the global financial crisis and subsequent breakdown of the “great moderation” consensus. Consequently, most advanced economies adopted non-conventional approaches of monetary policy which resulted in spill-overs to emerging markets and developing countries with implications on their financial system and monetary policy transmission. This, coupled with, internal developments in the financial systems of developing countries necessitated modifications of not only monetary policy frameworks but also responsibilities of most central banks. This chapter acknowledges possible evolutions of the financial structure variables in developing countries and uses data from Kenya to analyze the dynamic linkages between financial sector variables and monetary policy transmission in the light of the financial crisis. The study used structural vector autoregression to examine the relationship between financial structure variables and monetary policy as well as assess the relative importance of various monetary transmission channels in Kenya. The results show that the changing financial structure represented by credit to the private sector and stock market indicators in Kenya only slightly altered relative importance of monetary policy transmission. The insignificance of credit to the private sector suggests that the importance attached to the bank lending channel in previous studies is waning while the marginal significance of the stock market indicator signals the potential for asset price channel. The results also indicate that the interest rate and exchange rate channels are relatively more important in Kenya while the asset prices is only marginally significant and bank lending channel is the weakest in the intermediate stage of monetary policy transmission. However, transmission of monetary policy to the ultimate objectives is somewhat slow and weak to inflation and almost absent to output. The result implies a limited role of monetary policy on growth and questions the wisdom of pursuing multiple objectives.