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Dissertation
Facilating the implementation of a global performance reporting system from a business perspective : the case of a German pharmaceutical multinational
Authors: --- --- --- --- --- et al.
Year: 2016 Publisher: Liège Université de Liège (ULiège)

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Abstract

This thesis deals with the development of a global performance reporting system in the context of a German multinational active in the pharmaceutical industry.
The objective of the document is to discuss and assess the decisions taken and actions implemented during the course of an eight-month project conducted within the pharmaceutical company Boehringer Ingelheim. The project consisted in facilitating the implementation of such a system from a business perspective and taking into account the specific context at stake.
Therefore, this paper begins with a brief presentation of the company and the reasons underlying the decision to enable the reporting of local performance at corporate level. After this introduction, the proper analysis is structured around the three dimensions of strategy, namely the context, the content and the process of the project. 
First, the contextual analysis follows a funnel structure while always being related to the project. It starts from an overall market perspective before dealing with purely internal elements such as the organizational culture and the financial situation of the company.
Second, the activities and the outcomes achieved are presented in the section dedicated to the content of the project. It starts with the description of the specific aspects of reporting in the context at stake before presenting the features of the system that are expected to cope with the contextual challenges. Finally, it provides an overview of the remaining steps and potential system extensions.
Third, the process of the project is analyzed based on criteria coming from the Translation Theory. Indeed, political games and organizational culture revealed highly influential and were therefore the object of particular interest from a change management perspective. 
In the end, the organizational context of Boehringer Ingelheim reveals a need for implementing a global performance reporting system. Indeed, despite strong resistance from subsidiaries and internal tension, it appears that the bottom-up business model of the company would benefit from a certain degree of integration, especially given the added value brought by technology-driven aspect of the project


Dissertation
The performance of the Real Estate Mutual Fund industry: an empirical examination from 2003 to 2015
Authors: --- --- ---
Year: 2016 Publisher: Liège Université de Liège (ULiège)

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Thanks to the real estate industry’s strong growth since the early 2000s, financial investors have shown increased interest in it. This has paved the way for the quick development of specialized investment vehicles and especially Real Estate Mutual Funds. This is precisely what led to the writing of this paper.
As a first step, it aims at describing the economic environment that surrounds this specific industry between 2003 and 2015. It provides information and details about the main drivers of the expansion of the US housing bubble. It further illustrates the disastrous consequences of the bubble’s rupture on the global economy and the way financial markets recovered over the next years.
In a second step, it analyses the past performances of global REMF during the pre-crisis (i.e. 2003-2006), crisis (i.e. 2007-2009) and post-crisis (2010-2015) periods. While REMF market showed strong signs of inefficiencies throughout the 1990s, the paper demonstrated standardization in the industry, as the results were fairly similar to those obtained by the broad mutual fund industry. In fact, managers were no longer able to consistently outperform the real estate benchmark over the period.
Following that, the paper used regression models to highlight the factors (i.e. total expense ratio, turnover ratio) impacting the REMF alphas. It found that REMF with the lowest TER and turnover ratio tend to produce better performances. However, the relatively low r-squared suggested that no general conclusions could be drawn from this analysis,
Finally, it provides a cursory analysis of the existing relationship between the stock market and the real estate mutual fund industry at the global level. With the exception of the 2000-2006 period, which featured contrasting trends in the economy (i.e. the quick expansion of the housing bubble and the recovery of the stock market), it found a strong correlation between them. This in turn suggested the low diversification benefits from the real estate industry, when added to a world stock portfolio.


Book
Modern Anti-windup Synthesis : Control Augmentation for Actuator Saturation
Authors: ---
ISBN: 1283129280 9786613129284 1400839025 9781400839025 9780691147321 0691147329 Year: 2011 Publisher: Princeton, NJ : Princeton University Press,

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This book provides a wide variety of state-space--based numerical algorithms for the synthesis of feedback algorithms for linear systems with input saturation. Specifically, it addresses and solves the anti-windup problem, presenting the objectives and terminology of the problem, the mathematical tools behind anti-windup algorithms, and more than twenty algorithms for anti-windup synthesis, illustrated with examples. Luca Zaccarian and Andrew Teel's modern method--combining a state-space approach with algorithms generated by solving linear matrix inequalities--treats MIMO and SISO systems with equal ease. The book, aimed at control engineers as well as graduate students, ranges from very simple anti-windup construction to sophisticated anti-windup algorithms for nonlinear systems. Describes the fundamental objectives and principles behind anti-windup synthesis for control systems with actuator saturation Takes a modern, state-space approach to synthesis that applies to both SISO and MIMO systems Presents algorithms as linear matrix inequalities that can be readily solved with widely available software Explains mathematical concepts that motivate synthesis algorithms Uses nonlinear performance curves to quantify performance relative to disturbances of varying magnitudes Includes anti-windup algorithms for a class of Euler-Lagrange nonlinear systems Traces the history of anti-windup research through an extensive annotated bibliography

Keywords

Automatic control --- Linear control systems. --- Actuators. --- Mathematical models. --- Euler-Lagrange system. --- F8 aircraft. --- MIMO. --- SISO. --- algebraic loop. --- anti-windup algorithm. --- anti-windup augmentation. --- anti-windup compensator. --- anti-windup construction. --- anti-windup design. --- anti-windup filter. --- anti-windup synthesis. --- anti-windup. --- bumpless authority transfer. --- closed loop. --- compensation. --- constrained closed loop. --- controller. --- damped mass-spring. --- dead-time plant. --- direct control design. --- direct linear anti-windup. --- dynamic direct linear anti-windup. --- exponentially stable plant. --- exponentially unstable plant. --- external stability. --- feedback algorithm. --- feedback loop. --- feedback signal. --- global performance. --- global stability. --- hardware redundancy. --- input saturation. --- input. --- inputЯutput stability. --- internal stability. --- internal state. --- linear controller. --- linear injection. --- linear matrix inequalities. --- linear model recovery anti-windup. --- linear system. --- measurement governor. --- model predictive control. --- model recovery anti-windup. --- multicontroller scheme. --- nested saturation. --- non-exponentially unstable plant. --- nonlinear gain. --- nonlinear injection. --- nonlinear plant. --- nonlinear synthesis technique. --- nonlinear system. --- numerical algorithm. --- quadratic function. --- rank-deficient matrices. --- reduced-order compensator. --- reference governor. --- regional stability. --- reliable control. --- saturated closed loop. --- saturated closed-loop system. --- saturation nonlinearity. --- saturation. --- scheduling. --- servo-positioning system. --- small signal preservation. --- stability. --- stabilizer. --- state-space approach. --- stateгpace representation. --- static linear anti-windup. --- switching. --- unconstrained closed loop. --- unconstrained closed-loop system. --- unconstrained controller. --- unconstrained feedback system. --- unconstrained plant. --- unconstrained response recovery. --- unconstrained response. --- windup.


Book
Secure and Sustainable Energy System
Authors: ---
ISBN: 3036557148 303655713X Year: 2022 Publisher: Basel MDPI - Multidisciplinary Digital Publishing Institute

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This special issue aims to contribute to the climate actions which called for the need to address Greenhouse Gas (GHG) emissions, keeping global warming to well below 2°C through various means, including accelerating renewables, clean fuels, and clean technologies into the entire energy system. As long as fossil fuels (coal, gas and oil) are still used in the foreseeable future, it is vital to ensure that these fossil fuels are used cleanly through abated technologies. Financing the clean and energy transition technologies is vital to ensure the smooth transition towards net zero emission by 2050 or beyond. The lack of long‐term financing, the low rate of return, the existence of various risks, and the lack of capacity of market players are major challenges to developing sustainable energy systems.This special collected 17 high-quality empirical studies that assess the challenges for developing secure and sustainable energy systems and provide practical policy recommendations. The editors of this special issue wish to thank the Economic Research Institute for ASEAN and East Asia (ERIA) for funding several papers that were published in this special issue.

Keywords

Research & information: general --- Physics --- industrial energy intensity --- pollution emission intensity --- quantile DID method --- Beijing–Tianjin–Hebei coordinated development --- China --- environmental Kuznets curve --- CO2 emission --- energy efficiency --- economic growth --- panel ARDL --- DEA --- energy transition --- renewables --- hydrogen --- fossil fuels --- emissions --- FDIA --- blockchain --- data exchanging --- under-operating agents --- ISO --- electricity market --- Saudi Arabia --- energy sustainability --- world energy trilemma index --- Bayesian Belief Network --- green technology --- sustainability --- climate change --- Southeast Asia --- energy policy --- high-efficiency --- low-emission --- carbon dioxide emissions --- carbon pricing --- subcritical --- desulphurization --- denitrification --- cost–benefit analysis --- levelized cost of electricity --- energy supply security --- energy dependence --- energy diversity --- business as usual (BAU) --- Alternative Policy Scenarios (APSs) --- clean technologies --- and resiliency --- multi plant firms --- environmental assessment --- local-global performance --- wind energy --- power trade --- counterfactual scenario --- ASEAN --- natural gas --- multi-objective --- goal programming --- optimization --- allocation --- connectivity --- energy infrastructure --- Mekong Subregion --- green bonds --- post-COVID-19 era --- Asia and the Pacific --- green finance --- sustainable development --- thermal energy storage (TES) --- latent heat thermal energy storage (LHTES) --- circular economy --- environmental sustainability --- life cycle assessment (LCA) --- physico-chemical characterization --- Coats–Redfern model --- flammability --- integral model --- iso-conversional --- wind farm site selection --- multi-criteria decision-making system --- Analytic Hierarchy Process --- Semnan province --- ArcGIS

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