Presentation by Tom Worsley, Visiting Fellow, given at www.ciht.org.uk/en/events/index.cfm/planning-transport-for-future-city-regions-do-we-have-the-tools-we-need
Planning and preparing Infrastructure plans and projects - Jose Viegas, ITF, ...OECD Governance
Presentation made by Jose Viegas, International Transport Forum, OECD, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
Impact and Value During and After Construction - Tiago de Barros Correia, BrazilOECD Governance
Presentation made by Tiago de Barros Correia, Brazilian Electricity Regulatory Agency Regulator - ANEEL, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
What is the problem? Mapping the gaps in infrastrastructure governance today ...OECD Governance
Presentation made by Iain Begg, European Institute, London School of Economics and Political Science, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
New developments in the infrastructure space in OECD countries - Isabel RIAL,...OECD Governance
This presentation was made by Isabel RIAL, IMF, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Act TravelWise Autumn Conference and AGM 2014
"The Winning Ingredients for Success: Case Studies of Successful and Unsuccessful Business Cases - Including LSTF Bids"
Recommendation of the Council on Principles for Public Governance of PPPs - A...OECD Governance
This presentation was made by Ana-Maria RUIZ, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Sustainable funding of infrastructure projects - Raffalele DELLA CROCHE, OECD...OECD Governance
This presentation was made by Raffaele DELLA CROCHE, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Planning and preparing Infrastructure plans and projects - Jose Viegas, ITF, ...OECD Governance
Presentation made by Jose Viegas, International Transport Forum, OECD, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
Impact and Value During and After Construction - Tiago de Barros Correia, BrazilOECD Governance
Presentation made by Tiago de Barros Correia, Brazilian Electricity Regulatory Agency Regulator - ANEEL, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
What is the problem? Mapping the gaps in infrastrastructure governance today ...OECD Governance
Presentation made by Iain Begg, European Institute, London School of Economics and Political Science, at the Symposium on Governance of Infrastructure held at the OECD, Paris, on 29 February 2016
New developments in the infrastructure space in OECD countries - Isabel RIAL,...OECD Governance
This presentation was made by Isabel RIAL, IMF, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Act TravelWise Autumn Conference and AGM 2014
"The Winning Ingredients for Success: Case Studies of Successful and Unsuccessful Business Cases - Including LSTF Bids"
Recommendation of the Council on Principles for Public Governance of PPPs - A...OECD Governance
This presentation was made by Ana-Maria RUIZ, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Sustainable funding of infrastructure projects - Raffalele DELLA CROCHE, OECD...OECD Governance
This presentation was made by Raffaele DELLA CROCHE, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Budget Oversight by Parliament: Ireland - Tom Malone, irelandOECD Governance
This presentation was made by Tom Malone, House of the Oireachtas, Ireland, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
Spending reviews: Permanent, periodic or ad hoc? - Ronnie Downes, OECDOECD Governance
This presentation was made by Ronnie Downes, OECD, at the 11th Annual Meeting of Central, Eastern and South-eastern Senior Budget Officials (CESEE SBO) held in Warsaw, Poland, on 21-22 May 2015.
OECD Budgeting Outlook - Ronnie DOWNES, OECD SecretariatOECD Governance
This presentation was made by Ronnie DOWNES, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Review of budget oversight by parliament: Ireland - Eduard Groen, NetherlandsOECD Governance
This presentation was made by Eduard Groen, House of Representatives of the Dutch States General, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
Review of Budget Oversight by Parliament: Ireland - Ronnie Downes, OECDOECD Governance
This presentation was made by Ronnie Downes, OECD, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
The future of government fiscal reporting - Delphine Moretti, OECDOECD Governance
This presentation was made by Delphine Moretti, OECD, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
PPP disclosure - A view from the UK audit office - Daniel Fairhead, United Ki...OECD Governance
Presentation made by Daniel Fairhead, National Audit Office, United Kingdom, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
The role of financial models in infrastructure projects (Rickard Wärnelid pre...Marianna Shamoun
Rickard Wärnelid presents 'The role of financial models in infrastructure projects' at the Alternative funding for transport infrastructure conference in Sydney on 26 & 27 March 2014
Managing VfM: a project lifecycle approach - Fernando Crespo Diu, PortugalOECD Governance
Presentation made by Fernando Crespo Diu, Ministry of Finance, Portugal, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
Environment Impact Assessment (EIA), Environment Management Plan (EMP), Social Impact Assessment (SIA), Consent to Establish (CTE), Consent to operate (CTO), No Objection Certificate (NOC), Green Building, IGBC- LEED, TERI-GRIHA, Environment Audit, Environment Monitoring, Compliance Reporting, Hydro-geology test, Sustainability Reporting, Central Ground Water Authority (CGWA) Permission, Import and Export of Hazardous Waste Permission from Ministry of Environment Forest and Climate Change (MOEFCC), Height Clearances from Airport Authority of India (AAI), Forest Clearance, Forest NOC, Forest Diversion, Aravali NOC
Budget Oversight by Parliament: Ireland - Tom Malone, irelandOECD Governance
This presentation was made by Tom Malone, House of the Oireachtas, Ireland, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
Spending reviews: Permanent, periodic or ad hoc? - Ronnie Downes, OECDOECD Governance
This presentation was made by Ronnie Downes, OECD, at the 11th Annual Meeting of Central, Eastern and South-eastern Senior Budget Officials (CESEE SBO) held in Warsaw, Poland, on 21-22 May 2015.
OECD Budgeting Outlook - Ronnie DOWNES, OECD SecretariatOECD Governance
This presentation was made by Ronnie DOWNES, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Review of budget oversight by parliament: Ireland - Eduard Groen, NetherlandsOECD Governance
This presentation was made by Eduard Groen, House of Representatives of the Dutch States General, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
Review of Budget Oversight by Parliament: Ireland - Ronnie Downes, OECDOECD Governance
This presentation was made by Ronnie Downes, OECD, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
The future of government fiscal reporting - Delphine Moretti, OECDOECD Governance
This presentation was made by Delphine Moretti, OECD, at the 17th Annual Meeting of OECD Senior Management Officials held at the OECD, Paris, on 2-3 March 2017
PPP disclosure - A view from the UK audit office - Daniel Fairhead, United Ki...OECD Governance
Presentation made by Daniel Fairhead, National Audit Office, United Kingdom, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
The role of financial models in infrastructure projects (Rickard Wärnelid pre...Marianna Shamoun
Rickard Wärnelid presents 'The role of financial models in infrastructure projects' at the Alternative funding for transport infrastructure conference in Sydney on 26 & 27 March 2014
Managing VfM: a project lifecycle approach - Fernando Crespo Diu, PortugalOECD Governance
Presentation made by Fernando Crespo Diu, Ministry of Finance, Portugal, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
Environment Impact Assessment (EIA), Environment Management Plan (EMP), Social Impact Assessment (SIA), Consent to Establish (CTE), Consent to operate (CTO), No Objection Certificate (NOC), Green Building, IGBC- LEED, TERI-GRIHA, Environment Audit, Environment Monitoring, Compliance Reporting, Hydro-geology test, Sustainability Reporting, Central Ground Water Authority (CGWA) Permission, Import and Export of Hazardous Waste Permission from Ministry of Environment Forest and Climate Change (MOEFCC), Height Clearances from Airport Authority of India (AAI), Forest Clearance, Forest NOC, Forest Diversion, Aravali NOC
A team is more than an aggregation of individuals, it is a unique human organism. Regardless of the task or context, it is about relationships, authenticity, and surrendering. Goals, timelines, measures and results are mere accessories—useful, but not the point.
In this Team and Work Group Coaching Community of Practice webinar, Peter Block makes the distinction between individual, team, and system work. Furthermore, he shares how to create awareness so that a sense of belonging can quickly be produced; in particular, he notes how asking questions which people do not know how to defend against can break down these barriers. Also, he claims it calls for coaches to be less helpful, but more curious because answers tend to keep people apart and questions can bring them together. Lastly, he highlights what the role of the team coach should be in this complex and sensitive field of activities. Participants of this presentation will gain a deep insight into the essence (heart) of relatedness, belonging, and collect awareness which are the key elements for making teams authetic and most successful.
This webinar took place on Tuesday, September 6, 2016 at 11:00am ET. For more information about this Community of Practice visit it's LinkedIn page at https://www.linkedin.com/groups/5008300.
A detailed explanation of the scheme of Tidal power production is given.Two live examples along with types of schemes,scenario in the world are elucidated.
Solar energy, Solar trees, concepts of solar tree, working of solar panel and solar trees, spiralling phyllatry, fibonacci pattern, examples, comparision, advantages and applications.
Act TravelWise Autumn Conference 2014 - The Economics of Sustainable Travel
"The Winning Ingredients for Success: Case Studies of Successful and Unsuccessful Business Cases"
Presentation given by Professor Mackie (www.its.leeds.ac.uk/people/p.mackie) to seminar on Improving CBA for Spatial Infrastructure Plans, University of Amsterdam, September 2013
Cost-benefit analysis in the transport sectorOECD Governance
Presentation by Lorenzo Casullo, OECD International Transport Forum, at a RIA workshop for the transport infrastructure regulator of Peru (OSITRAN) which took place in Lima 20-22 February 2017. Further information is available at www.oecd.org/gov/regulatory-policy/
Presentation by Tom Worsley, Visiting Research Fellow, delivered as part of the annual series of Beesley lectures, organised by the Institute of Economic Affairs at the Institute of Directors in London.
This presentation was made by Wojciech ZIELINSKI, OECD, at the 15th Annual Meeting of OECD-CESEE Senior Budget Officials held in Minsk, Belarus, on 4-5 July 2019
Ensuring affordability, economic viability and fiscal sustainability - Duncan...OECD Governance
This presentation was made by Duncan Kernohan, European Bank for Reconstruction and Development, at the 4th OECD Forum on Governance of Infrastructure held in Paris, on 17 April 2019
Multi-criteria analysis (‘MCA’) is a set
of methods, techniques and tools that
considers multiple objectives and
criteria to support decision-making.
It takes a broader perspective than
cost–benefit analysis and costeffectiveness
analysis, which stress
monetary considerations. MCA is set
to play a greater role in investment
appraisal as increasing emphasis is
placed on having clear strategic links to
policies, ‘levelling up’, and stewardship
of the environment. Dr Rupert Booth,
Independent Economic Adviser,
considers the motivations for the use of
MCA and some of its many techniques
An overview of IGF Guidance Local content policiesIsabelle Ramdoo
In 2018, IGF released a Guidance to the attention of governments on the design of local content policies. The Guidance provides the key steps that are necessary for effective policy design, and highlights the necessary pre-requisits that need to be in place for successful policies. Key instruments of local content are also highlighted. The Guidance is informed by case studies of successful and failed policies.
Act TravelWise Autumn Conference 2014 - The Economics of Sustainable Travel
"Applying for DfT and LEP Funding: How to Make the Economic Case for Action More Effectively"
Similar to Planning transport for future city regions – do we have the tools we need? (20)
www.nhtnetwork.org/cqc-efficiency-network/home
The CQC Efficiency Network is a collaborative venture between ITS researcher Dr Phill Wheat and leading
performance and benchmarking company measure2improve (m2wi). Dr Wheat has used funding from the EPSRC
Impact Acceleration Account (IAA) to refine the tools to support m2i in developing the fast growing network. The IAA is an institutional award funded by EPSRC to help speed up the contribution that engineering and physical science research make towards new innovation, successful businesses and
the economic returns that benefit UK plc.
Posters summarizing dissertation research projects - presented by MSc students at the Institute for Transport Studies (ITS), University of Leeds, April 2017. http://bit.ly/2re35Cs
www.its.leeds.ac.uk/courses/masters/dissertation
Cutting-edge transport research showcased to Secretary of State during the event to officially re- open the Institute building www.leeds.ac.uk/news/article/4011/cutting-edge_transport_research_showcased_to_secretary_of_state
DR STEPHEN HALL, PROFESSOR SIMON SHEPHERD, DR ZIA WADUD; UNIVERSITY OF LEEDS, IN COLLABORATION WITH FUTURE CITIES CATAPULT
Also see https://theconversation.com/five-reasons-why-you-might-be-driving-electric-sooner-than-you-think-71896
Presentation Fiona Crawford - winner of the Smeed prize for best student paper at the UTSG Conference 2017
www.its.leeds.ac.uk/people/f.crawford
www.utsg.net/web/index.php?page=annual-conference
Efforts to reduce the emissions from car travel have so far been hampered by a lack of specific information on car ownership and use. The Motoring and vehicle Ownership Trends in the UK (MOT) project seeks to address this by bringing together new sources of data to give a spatially and disaggregated diagnosis of car ownership and use in Great Britain and the associated energy demand and emissions.
Data from annual car M.O.T tests, made available by the Department for Transport, will be used as a platform upon which to develop and undertake a set of inter-linked modelling and analysis tasks using multiple sources of vehicle-specific and area-based data. Through this the project will develop the capability to understand spatial and temporal differences in car ownership and use, the determinants of those differences, and how levels may change over time and in response to various policy measures. The relationship between fuel use and emissions, and the demographic, economic, infrastructural and socio-cultural factors influencing these will also be tested.
Consequently, the MOT project has the potential to transform the way in which energy and emissions related to car use are quantified, understood and monitored to help refine future research and policy agendas and to inform transport and energy infrastructure planning.
www.its.leeds.ac.uk/research/featured-projects/mot
The University's Annual Review covering the 2015-16 academic year. This new publication gives an overview of some of the most important initiatives and activities that the University has undertaken recently and a sense of the scale of the ambition for the future.
www.its.leeds.ac.uk/people/c.calastri
Social networks, i.e. the circles of people we are socially connected to, have been recognised to play a role in shaping our travel and activity behaviour. This not only has to do with socialisation being the purpose of travel, but also with enabling mobility and other activities through the so-called social capital. Another theme in the literature connecting social environment and travel behaviour is social influence, i.e. the investigation of how travel behaviour can be affected by observation or comparison with other people. Research about the impact of social influence on travel choices is still at its infancy. In this talk, I will give an overview of how choice modelling can be used to investigate the relationships between social networks, travel and activities. I will touch upon work that I have done so far, in particular I will describe my applications of the Multiple Discrete-Continuous Extreme Value (MDCEV) model to frequency of social interactions as well as to allocation of time to different activities, taking the social dimension into account. In these studies, I make use of social network and travel data collected in places as diverse as Switzerland and Chile. I will also discuss ongoing work making use of longitudinal life-course data to model the impact of family of origin and the “mobility environment” people grew up in on travel decision of adults. Finally, I will outline future plans about modelling behavioural changes due to social influence using the smartphone app travel data that are being collected in Leeds within the “Choices and consumption: modelling long and short term decisions in a changing world” (“DECISIONS”) project.
Shigeki Oxawa is Associate Professor at the Department of Integrated Informatics, Daido University and part-time Lecturer in Transport Economics at Hosei University. He is a transport economist with a strong interest in transport policy. He is currently an academic visitor at Leeds University (April 2016-March 2017) working in the area of intermodal transport (with a focus on rail freight transport) and in turn track access charges.
Abstract: In the national railway revolution in Japan, the passenger division was divided into 6 companies by regions. They operate trains and own/manage the rail track (vertical integration system). On the other hand, vertical separation was introduced into freight companies, therefore, freight companies have to access rail track owned/managed by passenger companies. The Japanese regulator regards track access transactions between passenger companies and freight companies as private business.
In the vertical separation system, freight companies cannot get access to the slots required and efficient allocation of rail track cannot be achieved. The vertical separation is a very significant issue in railway policy and freight transport policy in Japan. In the presentation, causes and possible solutions to the issue will be shown.
Shigeki is Associate Professor at the Department of Integrated Informatics, Daido University and part-time Lecturer in Transport Economics at Hosei University. He is a transport economist with a strong interest in transport policy. He is currently an academic visitor at Leeds University (April 2016-March 2017) working in the area of intermodal transport (with a focus on rail freight transport) and in turn track access charges. He has 20 years of experience in research and teaching.
Presentation from NORTHMOST - a new biannual series of meetings on the topic of mathematical modelling in transport.
Hosted at its.leeds.ac.uk, NORTHMOST 01 focussed on academic research, to encourage networking and collaboration between academics interested in the methodological development of mathematical modelling applied to transport.
The focus of the meetings will alternate; NORTHMOST 02 - planned for Spring 2017 - will be led by practitioners who are modelling experts. Practitioners will give presentations, with academic researchers in the audience. In addition to giving a forum for expert practitioners to meet and share best practice, a key aim of the series is to close the gap between research and practice, establishing a feedback loop to communicate the needs of practitioners to those working in university research.
Presentation from NORTHMOST - a new biannual series of meetings on the topic of mathematical modelling in transport.
Hosted at its.leeds.ac.uk, NORTHMOST 01 focussed on academic research, to encourage networking and collaboration between academics interested in the methodological development of mathematical modelling applied to transport.
The focus of the meetings will alternate; NORTHMOST 02 - planned for Spring 2017 - will be led by practitioners who are modelling experts. Practitioners will give presentations, with academic researchers in the audience. In addition to giving a forum for expert practitioners to meet and share best practice, a key aim of the series is to close the gap between research and practice, establishing a feedback loop to communicate the needs of practitioners to those working in university research.
Presentation from NORTHMOST - a new biannual series of meetings on the topic of mathematical modelling in transport.
Hosted at its.leeds.ac.uk, NORTHMOST 01 focussed on academic research, to encourage networking and collaboration between academics interested in the methodological development of mathematical modelling applied to transport.
The focus of the meetings will alternate; NORTHMOST 02 - planned for Spring 2017 - will be led by practitioners who are modelling experts. Practitioners will give presentations, with academic researchers in the audience. In addition to giving a forum for expert practitioners to meet and share best practice, a key aim of the series is to close the gap between research and practice, establishing a feedback loop to communicate the needs of practitioners to those working in university research.
Presentation from NORTHMOST - a new biannual series of meetings on the topic of mathematical modelling in transport.
Hosted at its.leeds.ac.uk, NORTHMOST 01 focussed on academic research, to encourage networking and collaboration between academics interested in the methodological development of mathematical modelling applied to transport.
The focus of the meetings will alternate; NORTHMOST 02 - planned for Spring 2017 - will be led by practitioners who are modelling experts. Practitioners will give presentations, with academic researchers in the audience. In addition to giving a forum for expert practitioners to meet and share best practice, a key aim of the series is to close the gap between research and practice, establishing a feedback loop to communicate the needs of practitioners to those working in university research.
Presentation from NORTHMOST - a new biannual series of meetings on the topic of mathematical modelling in transport.
Hosted at its.leeds.ac.uk, NORTHMOST 01 focussed on academic research, to encourage networking and collaboration between academics interested in the methodological development of mathematical modelling applied to transport.
The focus of the meetings will alternate; NORTHMOST 02 - planned for Spring 2017 - will be led by practitioners who are modelling experts. Practitioners will give presentations, with academic researchers in the audience. In addition to giving a forum for expert practitioners to meet and share best practice, a key aim of the series is to close the gap between research and practice, establishing a feedback loop to communicate the needs of practitioners to those working in university research.
Presentation from NORTHMOST - a new biannual series of meetings on the topic of mathematical modelling in transport.
Hosted at its.leeds.ac.uk, NORTHMOST 01 focussed on academic research, to encourage networking and collaboration between academics interested in the methodological development of mathematical modelling applied to transport.
The focus of the meetings will alternate; NORTHMOST 02 - planned for Spring 2017 - will be led by practitioners who are modelling experts. Practitioners will give presentations, with academic researchers in the audience. In addition to giving a forum for expert practitioners to meet and share best practice, a key aim of the series is to close the gap between research and practice, establishing a feedback loop to communicate the needs of practitioners to those working in university research.
More from Institute for Transport Studies (ITS) (20)
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to sell pi coins in Hungary (simple guide)DOT TECH
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BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Planning transport for future city regions – do we have the tools we need?
1. Institute for Transport Studies
FACULTY OF ENVIRONMENT
Planning Transport for Future City Regions – Do
we have the tools we need?
UCL 24th September 2015
New Approaches to Appraisal –
Addressing Strategic Fit
Tom Worsley Visiting Fellow
ITS
2. The Genesis of Strategic Fit
HM Treasury
Public Sector Business Cases – Using the Five Case Model
Supplementary Green Book Guidance on Delivering Public
Value from Spending Proposals
Department for Transport
Transport Business Case 2010
3. The 5 Transport Business
Cases
Financial: affordability, funding, financial risks, contributions
Management: governance, risk management, stakeholders
Commercial: procurement, capability, risk allocation
Economic: Green Book/WebTAG Cost benefit analysis
Strategic Case: Fit with policy, need for the scheme, timing
Financial, management and commercial cases largely a set of
yes/no decisions
Economic case both yes/no (BCR>1.0) and ranking with
constrained budget
Role of Strategic Case not specified
4. Refresher: Economic Case
Economic, environmental, social impacts, using monetised,
quantitative and qualitative assessment and public
accounts
Concept of economic welfare, using willingness to pay and
other methods for valuing non-market impacts. Dominance
of time savings.
National interest – a BCR– for go/no-go and ranking decisions
Standard documented methods – consistency across a wide
range of decisions
Dependence on a transport model, showing how people
respond to changes in networks and changes over time
5. Content of the Strategic Case
Complementing the economic appraisal – making it more
meaningful/accessible:
• Case for change,
• Why now
• Drivers of change
• Options considered
Contribution to wider transport and government policy
objectives
Who/where are the beneficiaries?
Note:5 pages of text on Strategic Case in DfT Guidance –
contrast with WebTAG’s detailed coverage
6. Strategic Fit- the Issues
Economic case is not the only influence on decision-makers:
• Wide range of BCRs for approved schemes eg RIS BCRs range from 2
to 14
Other considerations
• “Arms’ lengthening” of decision-making to Highways England and to
Network Rail – 5 year budget has put an end to ‘chasing the BCR’
• Devolution has made ‘place’ matter more – what will the scheme do for
Grimsby?
• Scepticism about welfare economics, time savings
• Modelling and appraisal challenges – eg changes in reliability
• Policy priority of the economy, productivity and growth
7. Strategic fit – the
Opportunities
To “market” the economic appraisal story – much of the
Strategic Case is about explaining the costs and benefits
To focus on the things that matter most to policy makers
To extend the appraisal and modelling to cover:
• “GVA effect”
• Place – where are the benefits most likely to occur?
An opportunity, not a watering down of evidence based
analysis.
8. Strategic fit – the challenges 1
Estimating the local, regional or national GVA effect – is there
a cookbook?
• DfT’s Transport Investment and Economic Performance sets out
framework – business cost savings, static and dynamic effects – but no
usable DfT endorsed model.
• Several methods exist – consultants’ initiatives – risk of ‘black box’
• Most are based on agglomeration – improvements in connectivity in a
well connected place increase productivity
• Models struggle with gains from trade – each Northern city’s growth
increasing because of better transport between them
• How robust are the models – where do they fit in DfT’s assurance
framework? Is narrative enough?
9. Strategic fit – the challenges 2
Whose policy objectives should the scheme fit?
• Arms’ length transport providers’ or local objectives?
• Allocation of rail capacity – local or intercity?
• Highways England roads – local employment creation near an
interchange?
• Devolved City Region decisions – competition or national
controls?
• Should cities with growth ambitions be constrained by DfT planning
totals when making the case for investment?
• Does a scheme which is ‘good for Sheffield’ have to demonstrate a
good BCR?
10. Strategic fit – the challenges 3
Role of the Strategic Case in the TBC – overarching summary
or new information?
Double counting – additional benefits in the strategic case or
different ones from the economic case?
Relationship between economic benefits and GVA effects –
are big differences plausible?
Metrics and counterfactual pose problems – a present value of
GVA? What other policies or programmes grow the
economy?
How to judge strategic fit – what constitutes ‘good’?
11. Strategic fit - assessment
Few transport business cases are published, either as a whole
or in part
DFT has to date shown reluctance to set any rules – contrast
with economic case
Opportunity to extend the role of evidence based analysis
beyond the cost benefit analysis and meet policy objective.
Progress has been made in estimating impacts, although
focused on intra-city rather than on inter-city connectivity.
Some rules might be needed about control totals – where do
the ‘new’ jobs come from ?– and about methods