Kaylene Arkcoll, Chris Guilding, Dawne Lamminamki, Lisa McManus and Jan Warnken
The purpose of this paper is to advance a set of criteria for appraising the merits of alternative options to financing common property capital expenditure in multi‐owned housing…
Abstract
Purpose
The purpose of this paper is to advance a set of criteria for appraising the merits of alternative options to financing common property capital expenditure in multi‐owned housing (MOH) complexes and to then draw on this conceptual framework to determine which mode of common property capital expenditure funding is preferable.
Design/methodology/approach
A priori reasoning has been provided to pursue the study's objective.
Findings
Sinking funds represent the preferred approach to financing common property expenditure in MOH schemes and special levies are the least preferred approach.
Research limitations/implications
Due to the a priori based conceptual development undertaken, some subjectivity is bound to be invoked.
Practical implications
The study provides key insights to government policy makers charged with drafting MOH legislation and provides strong support for those jurisdictions that require sinking funds to be raised in MOH complexes. The study also informs the owners executive committees of MOH schemes of the benefits of maintaining sinking funds.
Social Implications
The study highlights the considerable MOH unit owner financial distress that can be averted by pursuing a policy of raising sinking funds.
Originality/value
The study has immense originality, as it is the first academic study to focus on MOH common property capital expenditure issues.
Details
Keywords
Chris Guilding, Dawne Lamminmaki and Jan Warnken
The purpose of this paper is twofold: first, to advance a set of recommendations concerned with enhancing residential strata title (ST) communities’ preparation for property…
Abstract
Purpose
The purpose of this paper is twofold: first, to advance a set of recommendations concerned with enhancing residential strata title (ST) communities’ preparation for property management in a world of climate change (CC) and second, to examine the Australian ST community’s perceptions of the recommendations advanced.
Design/methodology/approach
The study comprised three empirical phases: three meetings with an 11 person industry reference group, conduct of 18 exploratory interviews and also an on-line questionnaire survey. The survey was designed to gauge the relative merit of sixteen recommendations developed during the study’s exploratory interview phase. The survey was completed by 450 individuals representing a broad cross-section of ST stakeholders.
Findings
The study’s findings are extensive. Amongst them it is notable that the survey respondents ranked procedures taken prior and during a ST building’s construction as more important CC management opportunities than steps and procedures implemented post-building construction.
Research limitations/implications
While considerable care was taken to approach the analysis of interview data in an objective manner, it should be acknowledged that, like any research based on qualitative data, a researcher’s background is bound to introduce some biases in the way that themes in the collected data are determined and interpreted.
Practical implications
The range of practical implications arising from the study are very evident from the range of issues addressed in the 16 recommendations advanced by the study. These implications range widely from internal management suggestions such as identifying a CC champion in ST complexes, to insurance issues such as creating a low insurance or “uninsurable” ST building category.
Social implications
The survey findings reveal the extent to which expressed opinions concerning how best to adapt ST buildings and communities for CC are affected by the stakeholder group that is expressing the opinion. This highlights the likelihood that any new ST policy making relating to CC is likely to become highly politicised due to conflicting lobbying interests represented by these distinct ST stakeholders.
Originality/value
The study is believed to embody an exceedingly high level of originality. It is the first to: provide an examination of the vulnerability of ST complexes to CC, and advance recommendations concerned with changes that should be made to the building and management of ST complexes in order to address the CC challenge.
Details
Keywords
Oz Sahin, Sherif Mohamed, Jan Warnken and Anisur Rahman
The Gold Coast is a low‐lying coastal Australian city and many residential areas are subject to 1:100 year flood events. Evidently, there is a need for the city to adapt to…
Abstract
Purpose
The Gold Coast is a low‐lying coastal Australian city and many residential areas are subject to 1:100 year flood events. Evidently, there is a need for the city to adapt to sea‐level rise (SLR) by developing more effective policies to reduce its destructive impacts. Thus, the purpose is to identify and evaluate preferred adaptation alternatives to reduce the vulnerability to SLR and storm surges.
Design/methodology/approach
In this research, we explore stakeholders’ opinions for adaptation alternatives to adapt to the impacts of SLR. As part of exploring alternatives to improve Gold Coast's resilience to climate change effects we are undertake a multi‐criteria analysis by using the analytical hierarchy process (AHP). The goal, criteria and adaptation alternatives were derived, and based upon, adaptation programmes, existing adaptation works by local governments and an extensive literature review. The final AHP structure was developed after further consultations with three local stakeholders (politicians, experts and residents).
Findings
The results show that across the three stakeholder groups, effectiveness and sustainability are the criteria of highest priority, respectively. When considering adaptation alternatives, the highest priority for politicians and residents is improving building design whilst for experts improving public awareness is of most importance.
Originality/value
We demonstrated that utilising the AHP method in the aforementioned context for the Gold Coast region could provide a straightforward approach to evaluate the adaptation alternatives from multi‐stakeholders’ perspectives. Advantages are its versatility in application to coastal processes and its inclusion of the multiple stakeholder in the decision‐making process.
Details
Keywords
A blade of aerofoil section, for example a blade for a rotary wing aircraft or an aircraft propeller blade, is formed of a plurality of laminations 14 of longitudinally‐extending…
Abstract
A blade of aerofoil section, for example a blade for a rotary wing aircraft or an aircraft propeller blade, is formed of a plurality of laminations 14 of longitudinally‐extending resin‐impregnated fibres arranged one on top of the other, the laminations being spread apart at one end as shown in FIG. 3 and a cross‐piece 15 of resin‐impregnated fabric laminations placed therein. The blade shown in the particular embodiment is an air compressor blade and the laminations which are of glass fibre are moulded in a moulding machine. The moulded blade is shown in FIG. 2 and after trimming, a root block 13 of metal such as aluminium is slid over the profile portion to abut against the thickened root portion 11.
The following is an annotated list of materials dealing with orientation to library facilities and services, instruction in the use of information resources, and computer skills…
Abstract
The following is an annotated list of materials dealing with orientation to library facilities and services, instruction in the use of information resources, and computer skills related to information gathering. This is RSR's twelfth annual review of this literature and lists items published in 1985. A few references are not annotated because the compiler could not obtain copies of them for the review.