Developing Asia’s infrastructure gap results from both inadequate public resources and a lack of effective channels to mobilize private resources toward desired outcomes. The public-private partnership (PPP) mechanism has evolved to fill the infrastructure gap. However, PPP projects are often at risk of becoming distressed, or worst, being terminated because of the long-term nature of contracts and the many different stakeholders involved. This paper applies survival-time hazard analysis to estimate how project-related, macroeconomic, and institutional factors affect the hazard rate of the projects. Empirical results show that government’s provision of guarantees, involvement of multilateral development banks, and existence of a dedicated PPP unit are important for a project’s success. Privately initiated proposals should be regulated and undergo competitive bidding to reduce the hazard rate of the project and the corresponding burden to the government. Economic growth leads to successful project outcomes. Improved legal and institutional environment can ensure PPP success.
This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing. The paper then makes the case for maximizing finance for development by using public-private partnerships and presents a few successful examples in Arab countries. Finally, the paper explores the way forward and concludes on the need for strong state capacity and integrity to promote the “maximizing finance for development” approach.
The Nevado de Toluca Flora and Fauna Protection Area presents a constant fragmentation of its forests. The objective of the research was to identify the processes of forest deterioration and the role of local stakeholders in its conservation. Geographic information systems were used as a basis for the generation of thematic maps, in addition to the application of a flow diagram that defines the problems of the forest and another that describes and analyzes them for the search of solutions. The results show that the main factors affecting deterioration are forest fires, immoderate logging, pests and diseases. Finally, strategies and scenarios for forest management are proposed based on the articulation of local stakeholders.
Six Sigma is an organized and systematic method for strategic process improvement that relies on statistical and scientific methods to reduce the defect rates and achieve significant quality up-gradation. Six Sigma is also a business philosophy to improve customer satisfaction, a tool for eliminating process variation and errors and a metric of world class companies allowing for process comparisons. Six Sigma is one of the most effective advanced improvement strategies which has direct impact on operational excellence of an organization. Six Sigma may also be defined as the powerful business strategies, which have helped to improve quality initiatives in many industries around the world. With the use of Six Sigma in casting industries, rejection rate is reduced, customer satisfaction is improved and financial benefits also increased. Six Sigma management uses statistical process control to relentlessly and rigorously pursue the reduction of variation in all critical processes to achieve continuous and breakthrough improvements that impact the bottom-line and/or top-line of the organization and increase customer satisfaction. In this paper author reviewed some of the significant previous published papers and focused on the general overview of publication in casting industries.
The present article reports the applications of Caputo-Fabrizio time-fractional derivatives. This article generalizes the idea of unsteady MHD free convective flow in a Walters.-B fluid with heat and mass transfer study over an exponential isothermal vertical plate embedded in a porous medium. The governing equations are converted into dimensionless form and extended to fractional model. The generalized Walters-B fluid model has been solved analytically using the Laplace transform technique. From the general solutions we reduce limiting solutions when to the similar motion for Newtonian fluid. The corresponding expressions for and Nusselt and Sherwood numbers are also assessed. Numerical results for velocity, temperature and concentration are demonstrated graphically for various factors of interest and discussed. As a result, we have plotted the influence of fractional parameter on fluid flow and drawn comparison between fractional Walters’-B and fractional Newtonian fluid and found that fractional Newtonian fluid is faster than fractional Walters’-B fluids.
Public-Private Partnerships (PPPs) can be an effective way of delivering infrastructure. However, achieving value for money can be difficult if government agencies are not equipped to manage them effectively. Experience from OECD countries shows that the availability of finance is not the main obstacle in delivering infrastructure. Governance—effective decision-making—is the most influential aspect on the quality of an investment, including PPP investments. In 2012, the OECD together with its member countries developed principles to ensure that PPPs deliver value for money transparently and prudently, supported by the right institutional capacities and processes to harness the upside of PPPs without jeopardizing fiscal sustainability. Survey results from OECD countries show that some dimensions of the recommended practices are well applied and past and ongoing reforms show progress. However, other principles have not been well implemented, reflecting the continuing need for improving public governance of PPPs across countries.
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