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Article

Moshe Szweizer

The purpose of this paper is to extend the studies of commercial property yields by providing a cross-field approach through the implementation of methods used in physics.

Abstract

Purpose

The purpose of this paper is to extend the studies of commercial property yields by providing a cross-field approach through the implementation of methods used in physics.

Design/methodology/approach

Based on the equations used to describe real gases in physics, the commercial property yields are expressed through a model, as a product of two terms. The first term estimates the influence of the income change and investment on yields. The second estimates the yield variation as a function of property size. Additionally, the model combines the macroeconomic and microeconomic components influencing yield adjustment. Calculation of each component involves procedures developed in physics, with the investment volume being linked to the amount of gas and the microeconomic yield being linked to the gas compressibility.

Findings

The model was applied to the Auckland office and industrial markets, both to the historic and current cycle. At the macro-level, it was found that the use of accumulation of investment over a relevant cycle, results in a high data to model correlation. When modelling the yields at the micro-level, a relationship between the outlying properties and the yield softening was observed.

Practical implications

The paper provides an enhanced modelling power through association of the cyclic and investment activity with the yield change. Moreover, the model may be used to decouple the local and the international investment components and the extent of their influence on the local property market. Furthermore, it may be used to estimate the influence of the property size on the yield.

Originality/value

This research provides a new cross-field application of modelling techniques and enhances the understanding of factors influencing yield adjustments.

Details

Journal of Property Investment & Finance, vol. 37 no. 1
Type: Research Article
ISSN: 1463-578X

Keywords

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Article

Valentina A. Salomoni, Carmelo E. Majorana, Giuseppe M. Giannuzzi and Adio Miliozzi

The purpose of this paper is to describe an experience of R&D in the field of new technologies for solar energy exploitation within the Italian context. Concentrated solar…

Abstract

Purpose

The purpose of this paper is to describe an experience of R&D in the field of new technologies for solar energy exploitation within the Italian context. Concentrated solar power systems operating in the field of medium temperatures are the main research objectives, directed towards the development of a new and low‐cost technology to concentrate the direct radiation and efficiently convert solar energy into high‐temperature heat.

Design/methodology/approach

A multi‐tank sensible‐heat storage system is proposed for storing thermal energy, with a two‐tanks molten salt system. In the present paper, the typology of a below‐grade cone shape storage is taken up, in combination with nitrate molten salts at 565°C maximum temperature, using an innovative high‐performance concrete for structures absolving functions of containment and foundation.

Findings

Concrete durability in terms of prolonged thermal loads is assessed. The interaction between the hot tank and the surrounding environment (ground) is considered. The developed FE model simulates the whole domain, and a fixed heat source of 100°C is assigned to the internal concrete surface. The development of the thermal and hygral fronts within the tank thickness are analysed and results discussed for long‐term scenarios.

Originality/value

Within the medium temperature field, an innovative approach is here presented for the conceptual design of liquid salts concrete storage systems. The adopted numerical model accounts for the strong coupling among moisture and heat transfer and the mechanical field. The basic mathematical model is a single fluid phase non‐linear diffusion one based on the theory by Bažant; appropriate thermodynamic and constitutive relationships are supplemented to enhance the approach and catch the effects of different fluid phases (liquid plus gas).

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 18 no. 7/8
Type: Research Article
ISSN: 0961-5539

Keywords

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Article

Xu Han, Zhonghe Han, Wei Zeng, Peng Li and Jiangbo Qian

The purpose of this paper is to study the condensation flow of wet steam in the last stage of a steam turbine and to obtain the distribution of condensation parameters…

Abstract

Purpose

The purpose of this paper is to study the condensation flow of wet steam in the last stage of a steam turbine and to obtain the distribution of condensation parameters such as nucleation rate, Mach number and wetness.

Design/methodology/approach

Because of the sensitivity of the condensation parameter distribution, a double fluid numerical model and a realizable k-ε-kd turbulence model were applied in this study, and the numerical solution for the non-equilibrium condensation flow is provided.

Findings

The simulation results are consistent with the experimental results of the Bakhtar test. The calculation results indicate that the degree of departure from saturation has a significant impact on the wet steam transonic condensation flow. When the inlet steam deviates from the saturation state, shock wave interference and vortex mixing also have a great influence on the distribution of water droplets.

Originality/value

The research results can provide reference for steam turbine wetness losses evaluation and flow passage structure optimization design.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 28 no. 10
Type: Research Article
ISSN: 0961-5539

Keywords

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Article

M. Grujicic, R. Yavari, J.S. Snipes, S. Ramaswami and R.S. Barsoum

The purpose of this paper is to address the problems of interaction of tensile stress-waves with polyurea/fused-silica and fused-silica/polyurea interfaces, and the…

Abstract

Purpose

The purpose of this paper is to address the problems of interaction of tensile stress-waves with polyurea/fused-silica and fused-silica/polyurea interfaces, and the potential for the accompanying interfacial decohesion.

Design/methodology/approach

The problems are investigated using all-atom non-equilibrium molecular-dynamics methods and tools. Before these methods/tools are employed, previously determined material constitutive relations for polyurea and fused-silica are used, within an acoustic-impedance-matching procedure, to predict the outcome of the interactions of stress-waves with the material-interfaces in question. These predictions pertain solely to the stress-wave/interface interaction aspects resulting in the formation of transmitted and reflected stress- or release-waves, but do not contain any information regarding potential interfacial decohesion. Direct molecular-level simulations confirmed some of these predictions, but also provided direct evidence of the nature and the extent of interfacial decohesion. To properly model the initial state of interfacial cohesion and its degradation during stress-wave-loading, reactive forcefield potentials are utilized.

Findings

Direct molecular-level simulations of the polyurea/fused-silica interfacial regions prior to loading revealed local changes in the bonding structure, suggesting the formation of an interphase. This interphase was subsequently found to greatly affect the polyurea/fused-silica decohesion strength.

Originality/value

To the authors’ knowledge, the present work is the first public-domain report of the use of the non-equilibrium molecular dynamics and reactive force-field potentials to study the problem of interfacial decohesion caused by the interaction of tensile waves with material interfaces.

Details

International Journal of Structural Integrity, vol. 5 no. 4
Type: Research Article
ISSN: 1757-9864

Keywords

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Article

Xu Han, Wei Zeng and Zhonghe Han

The purpose of this study is to improved the efficiency of condensing steam turbines by legitimately reforming the flow structure. It is of great significance to study the…

Abstract

Purpose

The purpose of this study is to improved the efficiency of condensing steam turbines by legitimately reforming the flow structure. It is of great significance to study the condensation flow characteristics of wet steam for optimizing the operation of condensing steam turbines.

Design/methodology/approach

A two-fluid model was used to study the wet steam flow in a stator cascade. The effects of the inlet temperature and pressure drop on the cascade performance were analyzed. On this basis, endwall protrusion models were set up at varied axial position on the pressure surface to evaluate the wetness control and loss under different design conditions for cascade optimization.

Findings

The analysis indicates that increasing the inlet temperature or decreasing the pressure drop can effectively control the steam wetness but increase the droplet radius. The increasing inlet temperature can delay the condensation and alleviate the deterioration of the aerodynamic performance of cascades. The non-axisymmetric endwall can significantly affect the distribution of steam parameters below its height and slightly reduce the droplet radius. Compared with the original stator cascade, the optimum design conditions reduce the steam wetness by 8.07 per cent and the total pressure loss by 6.91 per cent below a 20 per cent blade height.

Originality/value

These research results can serve as a reference for condensing steam turbine wetness losses evaluation and flow passage optimization design.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 29 no. 12
Type: Research Article
ISSN: 0961-5539

Keywords

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