Search results

The aims of this paper are: first, to draw attention to the issues of displaced commercial risk (DCR) which arise as a result of the risk characteristics of profit‐sharing investment accounts (PSIA), the main source of funding of Islamic banks in most jurisdictions; and, second, to present a value‐at‐risk approach to the estimation of DCR and the associated adjustments in capital requirements.

The paper is based on empirical research into the characteristics of PSIA in practice, which vary to a greater or lesser extent from what one would expect them to be in principle, on an analysis of the capital adequacy and risk management implications that flow from this, and on an econometric formulation whereby the extent of DCR in Islamic banks may be estimated.

The findings are, first, that the characteristics of PSIA can vary from being a deposit like product (fixed return, capital certain, all risks borne by shareholders) to an investment product (variable return, bearing the risk of losses in underlying investments), depending upon the extent to which the balance sheet risks get shifted (“displaced”) from investment account holders to shareholders through various techniques available to Islamic banks' management. Second, the paper finds that this DCR has a major impact on Islamic bank's economic and regulatory capital requirements, asset‐liability management, and product pricing. Finally, it proposes an econometric approach to estimating DCR but report that individual Islamic banks generally lack the data needed to apply this approach, in the absence of which panel data for a population of Islamic banks may be used to estimate DCR for that population.

Empirically, the paper is thus limited by the lack of data just mentioned. Furthermore, the application of the proposed panel data approach has been left for future research.

The analysis of the issues and the development of the econometric model represent in themselves an original research contribution of some significance.

This paper aims to investigate the wear behaviors of aged metal matrix composites and of the as-cast Al-Si alloy by using a pin-on-disk wear testing machine at room temperature.

Hypoeutectic (Al-7Si) alloy reinforced with low volume fractions of SiC particles (SiC_p) and graphite (Gr) particles were prepared by the stir-casting process. It was found that the addition of 9 Wt.% of SiC_p and 3 Wt.% of Gr particles conferred a beneficial effect in reducing the wear rate of the composites.

The worn-out surfaces of the specimens were examined using scanning electron microscopy (SEM); the extensive micro cracking occurs on the surface of the Al-7Si alloy tested at lower loads. The growth of these microcracks finally led to the delamination of the base alloy surface. The reinforcements (SiCp and Gr) particles tended to reduce the extent of plastic deformation in the surface layer, thereby reducing extensively the occurrence of micro cracking in the composites.

From the results, it is revealed that the quantity of wear rate was less for aged specimens compared to the as-cast specimens. The worn-out surfaces were studied using electron dispersive spectroscopy, and wear debris was analyzed using SEM.

The purpose of this study was to investigate wear behaviours of brake pads produced from carbon–carbon (C/C) composites in both wet and dry friction sliding conditions. Carbon is probably the most remarkable element in science and also C/C composites are a family of advanced composite materials. They are the most advanced form of carbon and consist of fibre based on carbon precursors embedded in a carbon matrix. In the present work, wear test specimens were prepared according to the related standards and they were exposed to pin-on-disc wear testing in wet and dry sliding conditions with different loads as 10, 20, 30 and 40 N with 1 m/s constant sliding speed. Wet friction process was conducted on all specimens by means of rain water collected from the nature.

Pin-on-disc wear test tribology lubrication was used.

Mechanical and physical property measurements of C/C composite brake pad materials: hardness, modulus of elasticity, density and water absorption capacity. Wear performance of materials were measured as coefficient of friction, volumetric loss and specific wear rate.

C/C composite brake pads are used in railway vehicles. Wear performances of them are very important for safety. In this study, wear behaviours of these materials were investigated not only in dry sliding friction condition but also in wet sliding one. Because safety braking is important in all weather conditions for trains, and we used natural rain water to observe the wet sliding friction behaviour of brake pads. “Water lubrication” is an important aspect mentioned in tribology handbooks.

This paper aims to research the tribological features of AISI 1035 steel, boronized at various parameters.

The samples were boronized via box boronizing method. By using Ekabor 2 powders, boronizing was conducted at 840, 880, 920, 960 and 1,000°C for two, four and six hours. Wear resistance of boronized samples at determined parameters were analysed. Wear experiments were conducted under 40 N constant load at pin‐on‐disk experiment setup. Also, microstructures and microhardness values of boronized samples were analysed to determine the most suitable boronizing parameters against wearing.

As a result of this study, the following findings are reported: it was determined as the temperature increased, the thicker the boride layer obtained during the boronizing. In the case of longer boronizing time, the distinct columnar structure was clearer. Whenever applying higher temperature and longer boronizing time, wear decreased and hardness values increased. It was also determined that when boronizing was conducted at 900 and 1,000°C for at least four to six hours, better results were obtained. Furthermore, the increment in the boronizing temperature and longer duration caused an increase in hardness from the surface to inwards and thus a decrease in wear ratio.

In the present study, only 40 N is used for a wear load and that is the limitation of the research.

Boronizing of the parts using 900 and 1,000°C temperature and four to six hours time, the better results can be obtained. Wear resistance can be improved in the determined temperature interval for boronizing process. Therefore, the industrial firms can be gained huge economical profits.

The outcome of the study will be beneficial for the academicians and industrial firms working on wear process. The service life of the steel parts can be extended via boronizing of steels working on quarries.

The purpose of this study is to optimize input parameters of particle size and applied load to determine minimum weight loss and friction coefficient for Al2O3/SiC particles-reinforced hybrid composites by using Taguchi’s design methodology.

The experimental results demonstrate that the applied size is the major parameter influencing the weight loss for all samples, followed by particle size. The applied load, however, was found to have a negligible effect on the friction coefficient. Moreover, the optimal combination of the testing parameters was predicted. The predicted weight loss and friction coefficient for all the test samples were found to lie close to those of the experimentally observed ones.

The optimum levels of the control factors to obtain better weight loss and friction coefficient were A8 (particle size, 60 μm) and B1 (applied load, 20 N), respectively. Taguchi’s orthogonal design was developed to predict the quality characteristics (weight loss and friction coefficient) within the selected range of process parameters (particle size and applied load). The results were validated through ANOVA.

Firstly, hybrid MMCs ceramic powders were produced and then mechanical tests and optimization were performed.

The purpose of this paper is to study the tribological behavior of hardened, boronized and boro‐chromized AISI 52100 steel balls against boro‐chromized AISI 1040 steel disk under 2, 5 and 10 N loads at 0.1 and 0.3 m/s sliding speeds.

Boronizing treatment was realized at 1,000°C for 2 h in a slurry salt bath consisting of borax, boric acid and ferro‐silicon. Some of the boronized steels were chromized at 1,000°C for 2 h by pack method in the powder mixture consisting of ferro‐chromium, ammonium chloride and alumina. Similarly, AISI 1040 steel disk was boronized at 900°C for 4 h in the same bath and then chromized by pack method. Friction and wear tests were carried out using a ball‐on‐disk machine.

The results showed that the specific wear rate of hardened and boronized AISI 52100 steel balls decreased with increasing load and decreasing sliding speed. Untreated AISI 52100 steel balls showed much greater specific wear rate than the boronized and boro‐chromized AISI 52100 steel balls. Boronized steel balls exhibited the highest wear resistance. The specific wear rates of hardened, boronized and borochromized steel balls were between 9.6422 × 10⁻⁵ and 1.6714 × 10⁻⁴, 4.4079 × 10⁻⁶ and 3.2829 × 10⁻⁵, and 1.0135 × 10⁻⁵ and 3.0559 × 10⁻⁵ mm³ N⁻¹ m⁻¹, respectively. The lowest coefficient of friction was recorded on a boro‐chromized steel disk, tested against boronized steel ball at 0.3 m/s sliding speed and under low‐load value.

Tests have been made on the basis of atmospheric conditions. The study can be detailed using some lubricants on the wear test.

The research has shown that boronizing and boro‐chromizing treatments realized on steels have a good wear resistance in the open atmosphere. Boronizing treatment has been used for tribological applications for a long time. Boro‐chromizing treatment can be applied on steels, successfully.

Tribological properties of boro‐chromized steels are explained in the present study for the first time.

Metal matrix composites (MMCs) are engineered materials formed by the combination of metal matrix and reinforcement materials. They have a stiff and hard reinforcing phase in metallic matrix. The matrix includes metals such as aluminum, magnesium, copper and their alloys. The purpose of this paper is to describe the development of an aluminum alloy‐aluminum oxide composite using a new combination of vortex method and pressure die casting technique and the subsequent tribological studies.

An aluminum alloy‐aluminum oxide composite was developed using vortex method and pressure die casting technique. The aluminum alloy‐1 wt% aluminum oxide was die cast using LM24 aluminum alloy as the matrix material and aluminum oxide particles of average particle size of 16 μm as a reinforcement material. The friction and wear characteristics of the composite were assessed using a pin‐on‐disc set‐up; the test specimen, 8‐mm diameter cylindrical specimens of the composite, was mated against hardened En 36 steel disc of 65 HRC. The tests were conducted with normal loads of 9.8, 29.4 and 49 N and sliding speeds of 3, 4 and 5 m/s for a sliding distance of 5,000 m. The frictional load and the wear were measured at regular intervals of sliding distance.

The effects of normal load and sliding speed on tribological properties of the MMC pin on sliding with En 36 steel disc were evaluated. The wear rate increases with normal load and sliding speed. The specific wear rate marginally decreases with normal load. The coefficient of friction decreases with normal load and sliding speed. The wear and friction coefficient of the aluminum alloy‐aluminum oxide MMC are lower than the plain aluminum alloy. The wear and coefficient of friction of the entire specimens are lower.

The development of aluminum alloy‐aluminum oxide composite using vortex method and pressure die casting technique will revolutionize the automobile and other industries, since a near net shape at low cost and very good mechanical properties are obtained.

There are few papers available on the development of (or tribological studies of) MMCs including aluminium/aluminium alloy‐ceramic composites developed by combination of vortex method and pressure die casting technique.

Recent trends in material science show a considerable interest in the manufacturing of metal matrix composites to meet the stringent demands of lightweight, high strength and corrosion resistance. Aluminium is the popular matrix metal currently in vogue that can be reinforced with ceramic materials such as particulates to meet the desired property. The purpose of this paper is to fabricate hybrid metal matrix composites to improve the dry sliding wear resistance and to study of the effect of sliding speed, load and reinforcement (alumina and graphite) on wear properties, as well as its contact friction.

The present study addresses the dry sliding wear behaviour of Al‐Si10Mg alloy reinforced with 3, 6 and 9 wt% of alumina along with 3 wt% of graphite. Stir casting method was used to fabricate the composites. Mechanical properties such as hardness and tensile strength have been evaluated. A pin‐on‐disc wear test apparatus was used to evaluate the wear rate and coefficient of friction by varying the loads of 20, 30 and 40 N, sliding speeds of 1.5 m/s, 2.5 m/s and 3.5 m/s at a constant sliding distance of 2100 m.

Mechanical properties of hybrid metal matrix composites (HMMCs) have shown significant improvement. The wear rate and coefficient of friction for alloy and composites decreased with increase in sliding speed and increased with increase in applied load. Temperature rise during wearing process for monolithic alloy was larger than that of HMMCs and Al/9% Al₂O₃/3% Gr composite showing the minimum temperature rise.The worn surfaces of the composites were investigated using scanning electron microscope.

The paper shows that aluminium composites can improve strength and wear resistance.

HMMCs has proven to be useful in improving the dry sliding wear resistance.

We are currently witnessing a new wave of the digital economy. A prime example is the sharing economy where an organization operates a platform for its online community, the sum of individuals who interact to exchange goods and services. The sharing economy blurs several boundaries of economic life – a fact that extant theory on platform organizing has yet paid little attention. We argue to consider two aspects of the sharing economy and revisit related theory to address this lacuna. First, we revive the concept of hybrid community to denote a variant of an online community that mirrors the boundary-blurring nature of the sharing economy. In a hybrid community, individuals interact both online and offline (instead of only online) and consume as well as produce. Second, we revisit the range of strategic responses suggested by extant literature to minimize the dependence of a platform organization on its hybrid community and show that the sharing economy requires management research to adapt and potentially recast existing claims.

This paper seeks to summarise the results of available research on the use of high velocity oxy‐fuel (HVOF) thermal‐spray technique to provide protection against high temperature corrosion and erosion‐corrosion of materials.

This paper describes one of the recent thermal‐spray processes, namely HVOF thermal‐spray technology and presents a survey of the studies on the use of this technique to provide protection against corrosion and erosion‐corrosion of high temperature alloys, with a special emphasis on boiler steels.

High temperature corrosion and erosion‐corrosion are serious problems observed in steam‐powered electricity generation plants, gas turbines, internal combustion engines, fluidized bed combustors, industrial waste incinerators and recovery boilers in paper and pulp industries. These problems can be prevented by changing the material or altering the environment, or by separating the component surface from the environment. Corrosion prevention by the use of coatings for separating materials from the environment is gaining importance in surface engineering. Amongst various surface modifying techniques, thermal spraying has developed relatively rapidly due to the use of advanced coating formulations and improvements in coating application technology. One of the variants of thermal spraying, namely HVOF has gained popularity in recent times due to its flexibility for in‐situ applications and superior coating properties.

This review covers mainly information that has been reported previously in the open literature, international journals and some well‐known textbooks.

The paper presents a concise summary of information for scientists and academics, planning to start their research work in the area of surface engineering.

This paper fulfils an identified information/resources need and offers practical help to an individual starting out on a career in the area of surface engineering for erosion‐corrosion and wear.