In the scientific instrument industry, measuring devices are tested and evaluated using various criteria. One test is for accuracy: how precisely does the instrument monitor…
Abstract
In the scientific instrument industry, measuring devices are tested and evaluated using various criteria. One test is for accuracy: how precisely does the instrument monitor changes in the variables it is designed to measure? Another test is for repeatability: will the instrument (or several different copies of the same instrument) consistently give an accurate reading when essentially similar conditions are duplicated time and again? A third test is for efficiency: does the instrument carry out the measurement rapidly and economically, taking full advantage of innovations in technology?
Reviews three broad perspectives on our relationship with Nature,and the environmental strategies which flow from them, two of which areidentified with the Green movement. Argues…
Abstract
Reviews three broad perspectives on our relationship with Nature, and the environmental strategies which flow from them, two of which are identified with the Green movement. Argues that the first, which opposes economic growth and industrialism, is profoundly misguided though well‐intentioned and with wide appeal. By virtue of its association with the core ideal of a homeostatic relationship between human society and Nature, it is inextricably linked with the second perspective: a misanthropic one, which treats humanity itself as the cause of environmental problems and implies totalitarian solutions to these. The third perspective is a pragmatic one. It entails imaginative policy responses which can include regulation and taxation, but must, as in the issuing of tradeable permits, be tailored to act in symbiosis with market mechanisms.
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Ann Colborne and Phillip C.L. Hall
Considers that the relationship between a property′s tradingpotential and the tenant′s ability to pay rent is the basis of one ofthe five recognised methods of valuation: the…
Abstract
Considers that the relationship between a property′s trading potential and the tenant′s ability to pay rent is the basis of one of the five recognised methods of valuation: the profits (or accounts) method. Discusses the basic concept behind the methodology and investigates the circumstances under which surveyors currently use profits within their valuations. Concludes that more discussion between valuers and their clients on how they arrive at their valuations and the definitions of value that they use would be beneficial.
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Summarizes developments in estate management in the NHS in thelight of the reforms and advances in medical and information technology,and catalogues the events leading to the…
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Summarizes developments in estate management in the NHS in the light of the reforms and advances in medical and information technology, and catalogues the events leading to the emergence of facilities management. Concludes that the role of estate managers will shift from technical and staff management towards purchasing skills and contract management.
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Higher education institutions face ongoing accommodation problems.Considers a methodology that could assist decision makers in theidentification and preliminary evaluation of…
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Higher education institutions face ongoing accommodation problems. Considers a methodology that could assist decision makers in the identification and preliminary evaluation of various accommodation options. Identifies three key stages: specification of objectives; identification of options; and evaluation of options. For the first stage, highlights the importance of recognizing strategic objectives. In the second stage, identifies alternative ways of achieving objectives, in particular the improved use and/or change in use of space. In the third stage, considers a weighting system, that might help identify options which are most likely best to meet objectives.
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Owen Connellan and Richard Baldwin
Outlines a new classification system for buildings and proposesthat a new methodology, discounted asset rents (DAR), is used to addressthe situation. Notes that it has long been…
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Outlines a new classification system for buildings and proposes that a new methodology, discounted asset rents (DAR), is used to address the situation. Notes that it has long been accepted that cost can be a valid basis for valuing ‘no market′ properties. Mentions the contractors test, as used in rating, and techniques for ascertaining depreciated replacement costs. Finally a practising valuer comments on the findings of the research.
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Over the last eight or nine years something closely akin to a revolution has taken place in the production of standards and guidelines intended both to assist the surveyor in day…
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Over the last eight or nine years something closely akin to a revolution has taken place in the production of standards and guidelines intended both to assist the surveyor in day to day practice and to inject a measure of consistency into the market. Perhaps the most notable contribution has been made by the founding fathers of the Asset Valuation Standards Committee of the Royal Institution of Chartered Surveyors, without whose good offices the valuation profession might well have found itself subject to regulation externally imposed and its role diminished in the eyes of other professional advisors acting on behalf of business clients. One of the cornerstones of the Guidance Notes produced by the AVSC is its definition of open market value, and it is with the general concept of open market value, or rather with one particular aspect of it, that this brief note is concerned.
IT IS increasingly realised that property is a valuable asset which, if badly managed, can be an impediment to good practice, and a burden, in the National Health Service. But at…
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IT IS increasingly realised that property is a valuable asset which, if badly managed, can be an impediment to good practice, and a burden, in the National Health Service. But at the same time it represents an important resource which, together with finance and manpower, provides the means whereby health services are provided, improved or extended.
Examines the issue of the quality of property asset management.Discusses recent studies on property management quality and theirfindings. Considers the role of computer…
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Examines the issue of the quality of property asset management. Discusses recent studies on property management quality and their findings. Considers the role of computer information, functional performance, property costs, monitoring the use of space, strategic planning, the use of consultants, and pragmatic approaches to property management that emerged from the studies. Also looks at reactive management and the problem of lack of data and performance measures. Finally, offers a framework for quality property management.