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3X0-201 exam Dumps Source : Core Concepts and Practices (Level 2)

Test Code : 3X0-201
Test cognomen : Core Concepts and Practices (Level 2)
Vendor cognomen : Sair
: 91 real Questions

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Sair Sair Core Concepts and

Corrie celebrity says ‘I’m no longer a bitch dote Alya!’ as she displays she avoids companionable media criticism | killexams.com real Questions and Pass4sure dumps

(photograph: ITV)

Coronation highway actress Sair Khan has admitted that she avoids analyzing up companionable media commentary on her personality Alya Nazir, who is currently in the center of a divisive storyline this is seeing her fight Carla Connor for possession of Underworld.

lately, fanatics had been left greatly surprised when Alya went so far as altering the locks of the manufacturing facility on the day of Aidan’s funeral earlier than turning on Jenny, Kate and Carla – accusing everyone of them about now not caring about Aidan while he turned into alive.

conscious that the storyline may stir up arouse amongst fanatics who're firmly crew Carla, Sair shared that she not pays attention to companionable media. She explained to Metro.co.uk: ‘each person has been really stunning – to my face! I are aware of it’s reasonably a controversial storyline and Alya isn’t the simplest character to obtain along with lots of the time. but everybody has been really first-class. I don’t check companionable media so tons – I used to.

‘It’s now not at everyone times very excellent – what’s censorious to me is how I reflect concerning the work I’ve performed and what everyone here thinks. I obtain concerned occasionally that people befuddle the how with actual life – I’m so a lot happier and nicer in precise lifestyles – I’m only half as plenty a bitch in real being as Alya!’

more: Coronation street spoilers: Has Eileen Grimshaw left for respectable as a triple exit airs?

however while Sair is terribly tons mindful that there are questionable facets to Alya’s actions, she continues to live defensive of her alter ego typical.

She reasoned: ‘As an actor, you requisite to attach yourselves in their footwear and warrant actions which could sometimes live questionable. You basically should reflect lower back throughout the personality’s journey to motif out how they hold got got here. I don’t feel anybody really wakes up within the morning and thinks “I’m just going to live a bitch.” i'm shielding over it as she truly hasn’t had it convenient.’

That’s now not to claim that she thinks Alya is best – and she or he changed into cautious of putting her character ahead as a job model for younger viewers as she defined that Alya is extra layered than being out and out respectable or unhealthy.

(photo: ITV)

She mused: ‘She is essentially improper. it might live irksome to play up to the stereotype of being actually decent or definitely dangerous. here's no longer the event i assumed Alya would hold taken – that’s everyone based on the storylines i am given so i am nevertheless figuring this persona out as i go and simply adding to her experiences. I didn’t understand she would hold so tons loss and darkness. reasonably soon after she misplaced her mum, her dad died and she or he grew to live an orphan at a juvenile age and that had a major hold an result on.

‘Then when her granddad cheated, everyone her core beliefs were rocked and that hardened her as she had done everything by means of the ebook except that factor – she became a fine lady, she went to college, she did everything her grandparents had talked about however whereas doing everything correct, unhealthy issues hold been nonetheless occurring to her. It’s created just a minute of an facet to her – she wonders why she may silent achieve the commandeer thing as it doesn’t go neatly for her.’

more: Coronation road spoilers: Sair Khan exhibits Alya Nazir’s shock at Carla Connor’s subsequent stream

greater: Coronation street spoilers: Has Eileen Grimshaw left for respectable as a triple exit airs?


Swissair swallows Dobbs | killexams.com real Questions and Pass4sure dumps

Swissair swallows Dobbs may additionally 19, 1999: three:23 a.m. ET Swiss neighborhood buys U.S. airline caterer for $780M; looks to non-core disposals LONDON (CNNfn) - Switzerland's SAirGroup boosted its non-flying company Wednesday with the $780 million cash purchase of Dobbs international functions, the largest airline catering company within the united states.      Memphis-primarily based Dobbs is being obtained from the fiscal group VIAD Corp. (VVI). SAir's biggest-ever acquisition should live integrated into its Gate gourmand catering unit which likewise offers functions for educate operators.      The deal makes SAirGroup, which owns Swiss flag service Swissair, the biggest airline catering traffic on the earth and continues its diversification faraway from carrying passengers and cargo.     Zurich-primarily based SAir has made a collection of acquisitions in airline-connected capabilities to gash back its reliance on the incredibly-cyclical passenger company, observed analysts. champion capabilities generated 48 p.c of its eleven.3 billion Swiss francs ($7.fifty four billion) earnings in 1998 and just below half its 700 million francs in pretax income.     The enlarged Gate gourmand operation will hold a turnover of more than $2 billion in 1998, spoke of SAirGroup. The deal might live refinanced with a bond hardship and dilute income-per-share through three to four % in the first 18 months, although the enterprise pointed out it is going to additionally generate big charge stamp downs.     The deal is expected to nearby within the third quarter of the 12 months but is belt to regulatory approval.     SAir referred to it would additionally appear to sell non-core property and analysts believed it could are seeking for to subsequently waft its Swissair airline unit as a standalone subsidiary.     VIAD, which has property of $2.5 billion, has steadily offered off its portfolio of go back and forth traffic assets during the terminal two years and plans to focal point on better-growth sectors.     SAirGroup shares rose 7.50 francs to 348.50 francs in early Zurich change Wednesday. VIAD closed down 5/16 Tuesday at 28-11/16. Swissair

VIAD Corp.

observe: Pages will open in a unusual browser windowExternal sites aren't endorsed by CNNmoney graphic

Coronation road | killexams.com real Questions and Pass4sure dumps

Is Alya doing this only for her own profit?

"I achieve not reckon taking on the factory is for her own profit. in case you appear back to when the manufacturing unit become ransacked, Aidan become at a very low ebb and became ingesting and lying on her couch. on the time, it began off as egocentric causes as she is bold and desires to pay the expenses, but she helped him and that they acquired that factory everyone started once more. She had in reality respectable intentions.

"When Alya then noticed that Aidan had left her the manufacturing unit, she feels that is proof that he definitely relied on in her and believed in the entire work that they had been doing over the terminal few months. they had a shared zeal and realizing for what the manufacturing unit had become, so she is aware of she has to proceed that work.

"so far as Alya is concerned, she would not recognize that Aidan failed to intend her to hold the complete manufacturing unit. In black and white, he gave her the manufacturing unit and could had been utterly aware of what he changed into doing. After Carla skilled him the complete manufacturing facility, he can likewise hold just not changed his irony and nevertheless desired Alya to hold it."

Alya Nazir stands her ground with Carla Connor in Coronation Street

©  ITV

We know that Carla begins the usage of tricky tactics with the aid of attempting to sabotage Underworld in upcoming episodes. Is Alya a suit for her?

"Alya thought that Carla has a minute bit more type than it seems she does. some of the strategies are in fact underhand and she or he is only reasonably stunned that Aidan's desires are being so disrespected. And because it puts each person else's jobs in danger, Alya is rather stunned by it all."

Does Alya hold any guide?

"Imran and Yasmeen are driving forces for her to hold manage and battle for the manufacturing facility. The carcass of workers of the factory are slightly more difficult to obtain on board. She looks dote she can achieve it, however she simply wants their help. She feels they easily overlook that if it wasn't for her, they may now not hold had these jobs within the first place. So when they're taking the mick and coming in late, she finds it just a minute repellent – so of direction, she cracks the whip."

Who may live her allies?

"She does hold an surprising ally in Sarah, which is unlikely because of the heritage with Gary. Sarah is hired as Alya's PA and the manufacturing facility laborers exact yourself why they couldn't hold utilized for the job, so Alya begins to deal with Sarah dote a slave as she has slightly of a procedure to attach the others off.

"i dote working with Tina O'Brien – she's the most effective. or not it's everyone the time property to work with distinctive individuals in the street – on occasion you don't descry some americans for months and don't discover what they hold been up to until you descry it on screen."

Embargo 7am Tuesday June 5 Alya Nazir and Imran Habeeb confront the Connors in Coronation Street

©  ITV

As Sair, how did you feel if you learned Alya would obtain the manufacturing facility?

"I couldn't coincide with it – i was telling everybody! it's so enjoyable. i will certainly not discontinue being excited about being in Coronation highway and having storylines dote this, it on no account receives historical. it's astounding."

advertisement - proceed studying beneath

What achieve you beget of the synchronous darkish storylines in Corrie?

"I basically hold loved the black storylines. i know people hold diverse opinions on it. or not it's essential to recollect that each producer has a distinct fashion, so things are going to change once more and viewers tastes trade over time – they hold lots of younger viewers now.

"It became so unhappy to promulgate goodbye to Shayne Ward (Aidan) as he is such a favorite member of the forged. he's such an exquisite man, so it's a kindly of things. it's the equal as when Dean Fagan (Luke) and Qasim Akhtar (Zeedan) left too – everyone of those americans hold been so nearby to myself and my personality in the show. they've everyone had a massive influence on Alya's future – so it live luckless to discover them go however edifying for me because it offers me extra to do!"

connected Article

Coronation highway reveals plans for three summer proposals

What type of fan reaction achieve you get?

"everybody has been really stunning – to my face! I are aware of it's a bit a controversial storyline and Alya is never the least difficult personality to obtain together with lots of the time. however everyone and sundry has been in fact first-class."

Do you assess Twitter?

"I achieve not investigate companionable media so plenty, however I used to. it live not at everyone times very best. What's indispensable to me is how I reflect in regards to the work I've carried out and what each person perquisite here at Corrie thinks. I obtain involved once in a while that americans befuddle the exhibit with precise existence. i'm so much happier and nicer in loyal lifestyles."

Embargo 7am Tuesday June 5 Alya Nazir and Imran Habeeb confront the Connors in Coronation Street

©  ITV

Do you suppose Alya is a pretty edifying role model?

"I suppose it live tough to claim that as she is fundamentally incorrect. it could live irksome to play up to the stereotype of being truly edifying or in reality bad. here is no longer the adventure i believed Alya would hold taken – it's everyone stylish on the storylines i am given, so i am nonetheless figuring this persona out as i am going and just including to her experiences.

"I did not realize Alya would hold so an wicked lot loss and darkness. quite quickly after she misplaced her mum, her dad died and she grew to live an orphan at a juvenile age and that had a major hold an repercussion on. Then when her granddad cheated, everyone her core beliefs hold been rocked and that hardened her, as she had performed every thing by pass of the publication until that aspect.

"Alya turned into a much lady, she went to tuition, she did every thing her grandparents had pointed out, however whereas doing every minute thing appropriate, wicked issues had been nonetheless happening to her. it's created a bit of an Part to her. She wonders why she should achieve the perquisite factor because it does not go smartly for her."

Who achieve you reckon should silent live Alya's next cherish activity?

"i was having this dialog in the canteen recently. I achieve dote romance and that i achieve requisite a positive outlook in her lifestyles and a much romance sage is at everyone times fun."

Nick is coming returned, so maybe him?

"i am desirous about not going pairings! It is loyal that they are both bold - and Alya is always satisfied to piss Carla off!"

Coronation road continues with an hour-long episode on Friday (June 15) at 8pm on ITV.

study greater information, spoilers and gossip on their Coronation road homepage

need up-to-the-minute soaps information, spoilers and gossip for your companionable feeds? simply hit 'Like' on their Digital spy Soaps facebook web page and 'observe' on their @soapscoop Twitter account.

Digital SpySoap Scoop video – hit play under for the entire latest Coronation street spoilers, as Eva faces a custody combat for Susie, and scheming Kayla receives nearer to Craig and Bethany.




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3X0-201 exam Dumps Source : Core Concepts and Practices (Level 2)

Test Code : 3X0-201
Test cognomen : Core Concepts and Practices (Level 2)
Vendor cognomen : Sair
: 91 real Questions

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Two positives and two negatives from Warriors' 2-3 preseason | killexams.com real questions and Pass4sure dumps

Each member of the core six rested for at least one game and Draymond Green was advised to sit out three. The Warriors played the preseason as it was meant to be.

Create. Refresh. Experiment. Condition. Synchronize. discover what’s edifying and liquidate what’s bad.

So don’t worry about that 2-3 record. Now that the final score is relevant, the Warriors are not going to play sub-.500 basketball.

Here are two positives and two negatives culled from the preseason that concluded Friday night:

POSITIVES

The stars are aligned

Not that they were worried, but the Warriors hold to live pleased with what they saw from All-Stars Stephen Curry, Kevin Durant and Klay Thompson. They are no less content with the work of crucial veterans Andre Iguodala and Shaun Livingston.

Curry shot 56.5 percent from the field, including 51.9 percent from deep, and was 17-of-17 from the line. That 17-11 assists-turnover stat is grisly but much of the risky stuff will live gone. He’s ready.

Durant shot 55.8 percent from the field, including 50 percent beyond the arc. He led the team in assists, with 18, and was second in rebounds with 27, one behind Jordan Bell. Durant rested in the preseason finale. edifying move. He’s ready.

No one appears more ready than Thompson, who shot 51.6 percent from the realm and an astonishing 56.7 percent (17 of 30) from deep. Grabbing 15 rebounds in 88 minutes indicates an uptick.

Iguodala showed plenty of bounce and energy, while Livingston was even for a guy whose hip has been a bit achy.

Aside from Green, who looked edifying in the preseason finale, this bunch is on target.

JaVale 2.0

In deciding to gash ties with JaVale McGee, coach Steve Kerr made it lucid that he hoped Damian Jones could provide the kindly of “vertical spacing” that made McGee such a valuable favor the terminal two seasons.

Jones appears to live up to the task.

But he shows potential of going beyond being a lob threat and swatting shots into the third row. Jones showcased passing aptitude not many outside the team had seen and, moreover, flashed a respectable midrange jumper. Seven years younger than McGee, Jones has the goods to live an improvement.

There will live times when he doesn’t look in tune or blows a defensive switch, things McGee routinely did. But the Warriors hold every reason to believe Jones, who will start opening night, can contribute on a regular basis.

NEGATIVES

About that bench . . .

The Warriors know they hold a problem. It hasn’t stopped them from winning games at a historical rate, or collecting championships. Still, they’d dote a solution.

They can’t look to obtain trustworthy scoring from the bench. Specifically, their reserves hold consistently been at or near the bottom of the NBA in 3-point makes.

They hold at least two guys with a history of making triples. Quinn Cook, who earned a roster spot with his play terminal season, is one. Jonas Jerebko, signed as a free agent in July, is the other.

They combined to beget six 3-pointers in five games. That’s 1.2 per game, if you’re tabulating. Cook was 3-of-18, Jerebko 3-of-10. They’ll obtain better, but 6-of-28 is not going to gash it.

“It’s only been a few games and practices,” Jerebko said. “We’ll obtain it. I ain’t worried. It’s preseason. We’ve got two more days of practice, and it’s the real season. I’ve been waiting for it.”

Bell’s Dangerous habit

Generally speaking, the team leader in turnovers is going to live a focal point of the offense. It’s a point guard or a star or at least a starter.

Jordan Bell, a reserve center/forward, led the team with 13 giveaways.

Though this is the time to hold risks and he often was on the court with teammates he met only weeks ago and sometimes makes something edifying out of a mess, no one in Bell’s position should lead the team in turnovers.

The second-year man from Oregon has a inclination -- and it was visible at times terminal season -- to try to squeeze passes through openings too minuscule for the ball. The result is interceptions and deflections that often trigger the opponent’s transition game.

This, too, will obtain better. He’ll spend more court time with the regulars and shouldn’t feel the exhort to create something spectacular. He’s a showman, but he’s likewise aware that’s not what will reserve him in the league.


Best Interest and Best Practices #4 | killexams.com real questions and Pass4sure dumps

Thursday, October 4, 2018

What is the Baseline for A Committee to Act in the Best Interest of Its Participants? (Part 1)

This is the fourth of a unusual succession of articles titled “The Bests.” The succession focuses on Best Interest and Best Practices. Those topics give me flexibility to contend a reach of subjects that affect both service providers, including advisors, and procedure sponsors, including 401(k) and 403(b) committees.

The recent determination in the case of Sacerdote v. unusual York University is a classic sage of the edifying and wicked of procedure committees. Let’s start with the bad.

Five current and former committee members testified at the trial. But not everyone of the testimony was helpful.

In the opinion, the Court said that the testimony of one of the co-chairs “was concerning.” The court went on to say:

She made it lucid that she viewed her role as primarily concerned with scheduling, paper movement, and logistics; she displayed a surprising lack of in-depth scholarship concerning the pecuniary aspects of managing a multi-billion-dollar pension portfolio and a lack of loyal appreciation for the significance of her role as a fiduciary. In a number of instances, she appeared to believe it was sufficient for her to hold relied rather blindly on [the investment advisor’s] expertise. As a matter of law, blind reliance is inappropriate.

The court further celebrated that:

She bluntly testified that “[i]t’s not my job to determine whether the fees are appropriate” for the Plans.

With admiration to another committee member, the court said that she “was similarly unfamiliar with the basic concepts relating to the Plan, such as who fulfilled the role of administrator for the Faculty Plan. When asked about her inability to recollect procedure details, [the committee member] responded that she has a ‘big job’ (referring to her human resources role, not her Committee membership) and her role on the Committee is one of many responsibilities she has. This suggested that [the committee member] does not view herself as having adequate time to serve effectively on the Committee.”

The court likewise said, about another committee member, “that he did not even know whether he was, at the time of the visitation (in April 2018), silent a member of the Committee—and thus whether he bore a fiduciary responsibility to thousands of NYU participants.”

And, finally, the court said “Several Committee members stated that they did not independently search to verify the property of ‘investment advisors’ advice; rather, they simply relied on it.”

If this were the conclude of the story, this article would live about wicked practices, rather than best practices. However, there is more.

The court went on to say: “While the Court finds the plane of involvement and seriousness with which several Committee members treated their fiduciary duty troubling, it does not find that this rose to a plane of failure to fulfill fiduciary obligations.”

How is that possible?

Sadly, I will leave you hanging for a week, until I post Part 2 of this article. However, I don’t want you to live disappointed. So, let me give you a preview. There were other committee members, some of whom were fairly sophisticated and very engaged. However, there is even more than that. The court celebrated two or three other steps taken by the committee that saved NYU and the committee members from a litigation disaster. My next article will cover that.

POSTSCRIPT: One lesson from this case, independent of the committee actions that saved the day for NYU, is that committees should hold formal programs for fiduciary education. The fiduciary education should cover, at the least: Who is a fiduciary and what are the fiduciary responsibilities? How achieve fiduciaries fulfill those duties in the real world? How achieve fiduciaries review and examine the counsel that they receive? And, how achieve fiduciaries monitor the costs and compensation related to their service providers and procedure investments? That education should live reinforced at least annually, together with updates on current developments. Finally, unusual committee members should live educated about their roles and responsibilities when they start serving.

Part 1 - Best Interest and Best Practices: Improving Retirement Outcomes #1

Part 2- Best Interest and Best Practices: Improving Retirement Outcomes #2

Part 3 - Best Interest and Best Practices #3: Best Practices for procedure Sponsors: Projection of Retirement Income

©2018 Drinker Biddle & Reath LLP. everyone Rights Reserved


Expanded Technology Readiness plane (TRL) Definitions for the Bioeconomy | killexams.com real questions and Pass4sure dumps

By Dave Humbird, Ph.D., Member, Lee Enterprises Consulting, Inc.

Special to The Digest

For unusual technologies in the bioeconomy (and in the chemical process industry more broadly), the putative path to commercialization is some profile of: lab, pilot, demonstration, commercial. The Technology Readiness plane (TRL) scale is often proposed to track this progression, effectively ranking the maturity of a technology. For a unusual chemical process technology, TRLs 1-3 may depict fundamental R&D, TRLs 4-6 scale-up and integration, and TRLs 7-9 demonstration and commercial deployment. TRL definitions for specific industries hold generally been produced by funding or regulatory entities [1], and in most cases are simply a list of expected R&D activities that serve these entities identify a technology’s current TRL. Technology developers, however, minister to find the definitions less useful because they lack guidance on how to exit a TRL and progress to the next. attach simply, however, this progression requires funding; funding that must approach from investors, whether internal, private, or public. In process technology development, TRLs 1-2 are typically achieved with government or academic grants, TRLs 3-4 with seed rounds, and TRLs 5-7 with succession A/B/C funding rounds. Reaching the final TRLs 8 and 9 (building big plants) generally requires a bank loan for capital outfit and construction.

In this article, they present an expanded set of TRL definitions, combining elements of DOE-BETO’s definitions (2015 and earlier), which are well suited for the bioeconomy [2], with elements of the startup-to-VC “Investment Readiness Level” framework proposed by Steve Blank [3]. Along with expected R&D activities, they contend commandeer conceptual process design and production cost estimation activities (otherwise known as techno-economic analysis or TEA) that should live performed concurrently to ensure process scalability. They likewise contend TRL exit criteria and deliverables that technology developers should expect to provide to investors when looking to secure the additional funding needed to progress. They spend the expanded definitions in their consulting practice as a roadmap and a common terminology to serve bioeconomy technology developers and their investors progress to commercialization harmoniously. They would dote to note, however, that these definitions of course remain open for debate, and they welcome feedback from everyone interested parties.

TRL 1: Basic research, elevator pitch

In TRL 1, initial scientific research begins. Principles and phenomena of a unusual technology (e.g., molecule or process) are identified. First-principles modeling and simulation may complement physical experiments. To exit TRL 1, the basic science should live validated through peer-reviewed publications. With this fundamental but possibly qualitative understanding, the technology may live ready to transition to applied research in TRL 2. Developers in TRL 1 should therefore identify a requisite within the bioeconomy and originate to articulate their technology’s potential to meet that need. This includes activities dote finding a customer segment, understanding those customers’ pang points, and explaining how they will benefit from the unusual technology under development. This scholarship can live turned into an elevator pitch for securing TRL 2 funds and used to develop the applied research plan. Developers who are unable to articulate their potential to meet such a requisite should live content with their publications and refocus elsewhere.

TRL 2: Applied research, traffic plan

TRL 2 activities will authenticate the technical and traffic potential of the technology to meet the requisite identified in TRL 1. Ongoing R&D should corroborate the basic observations made previously, and the experimental procedure should live organized with an eye toward the ultimate practical application(s). This deeper understanding is intended to reduce scientific risk to a plane where external investors can live approached. Securing the funding to go past TRL 2 requires a sound traffic procedure around a well-defined value proposition. Technology developers should assess commercial opportunities using market studies that examine the expected market size and competitive landscape. In the bioeconomy, competitive handicap over existing technologies may approach in the profile of lower production costs, higher purity, increased yield, and/or better sustainability. Early exploration of these opportunities, such as discussions with potential customers, should live documented. Developers should likewise start assessing the intellectual property value of the R&D to date, in case the break survey indicates that the technology is perhaps better suited for implementation in the future.

TRL 3: Technical proof of concept, confirmed value proposition

In TRL 3, applied research continues and early-stage process development begins. Laboratory experiments are designed with repeatability and property control in mind, to quantitatively verify that the concept works as expected.

Techno-economic analysis (TEA) activities originate around TRL 3. While TEA can live performed at varying levels of detail, developers and investors should understand that TEA sophistication needs to live consistent with the maturity of its core technology. Process concepts that hold been thoroughly researched in the lab with no consideration given to scale-up challenges should live viewed as insufficiently de-risked. Conversely, a highly particular process design with an unproven core constituent should live dismissed as fantasy.A preparatory TEA in TRL 3 should bound the minimum contribution of feedstock and other significant chemical inputs to the final product cost, using assumed yields informed by R&D and projected input price informed by market studies. As a starting point, the inset discussion of this article demonstrates how to compute a academic product capitulate and cost contribution from a given feedstock, using degrees of reduction.

To solidify the traffic plan, this minimum product cost (with some reasonable inflation to account for conversion costs) can live used in additional market research. Potential customers and partners should live polled for interest, to quantify potential market share. If it turns out that the minimum cost is already unacceptable, additional work must live done to identify a different feedstock or negotiate a lower feedstock price. Credits and subsidies (e.g., RINs) can affect the outcome of these studies. This effort validates the technology’s value proposition and commercial viability and gives self-possession to investors that it is ready for scale-up.

Discussion: academic capitulate and minimum product cost

A simple pass to assay academic capitulate is to spend the degree of reduction (γ), a measure of the number of electrons available for reaction in a compound. For a molecule with formula CxHyOz, the degree of reduction is given by γ = 4x + y – 2z. For conversion of one molecule to another (say, glucose to ethanol), the ratio of γfeedstock/γproduct gives the best possible molar capitulate obtainable; the capitulate will not live better than this without additional electrons (e.g., hydrogen). For most such conversions, feedstock cost dominates overall production costs, so this academic cost contribution can live considered a minimum cost of production, i.e., the cost of production if capital, labor, and everyone other operating expenses were free. reckon the following instance molecules, produced from glucose syrup (C6H12O6, γ=24) at a spot price of $0.55/kg [4]. Using degrees of reduction, they can compute academic yields and the minimum feedstock contribution to product cost:

  γ Theoretical yield $/kg

theo.

$/kg

spot [4]

Molar Mass Ethanol 12 2.00 51% $1.08 $0.84 n-Butanol 24 1.00 41% $1.34 $1.14 C15 alkane (diesel equiv) 92 0.26 31% $1.79 $0.67 Fatty acid methyl ester (soy oil equiv) 107 0.22 37% $1.49 $0.72 1,4-butanediol 22 1.09 55% $1.01 $1.14

Most of these feedstock contributions are unacceptable compared to the current spot price of each product—one would not buy spot glucose to beget them! Rather, one would negotiate a lower price, or capitulate one’s own glucose from starch. Refined starch, however, is not traded as a commodity on the identical scale as glucose syrup, so they travel up the supply chain to corn and biomass. The current price of corn is about $3.50/bu ($125/US ton) [5]. If they assume corn is 60% starch (monomer C6H10O5, γ=24), then the price of starch is $0.23/kg. The cost and availability of lignocellulosic feedstock are more speculative, but DOE currently targets $84/US ton of herbaceous material with 60% carbohydrate, comprising about 40% cellulose and 20% xylan [6]. The price of the convertible fraction (average formula C1H1.6O0.8, γ=4) is thus $0.15/kg. The costs of ethanol production can live compared:

  $/kg theo. Ethanol from spot glucose $1.08 Ethanol from corn starch $0.40 Ethanol from biomass carbohydrate $0.27

We descry that $84 biomass indeed offers some economic handicap over corn at $125, an handicap that vanishes near price parity and probably significantly lower, given the relative hardship of converting biomass to fermentable sugars. More particular TEA is required to accurately determine this point. In such further analysis, government credits or ‘soft’ market factors favoring cellulosic products over corn could likewise live considered.

TRL 4: development of the minimum viable process

TRLs 4-6 depict the bridge from development to demonstration and the reduction of engineering risk. TRL 4 is the first step in determining whether the individual components of a technology (for instance, fermentation and recovery) can live integrated as a process. In the lab, process components are validated individually, and may live integrated in an ad hoc manner. They summon this the minimum viable process—the cheapest experiments that test the gross idea.

TRL 4 is generally where conceptual process design begins. An integrated process model is developed that includes core technology as well as upstream and downstream operations (feedstock handling, product separation). Performance specifications for individual components are obtained from lab experiments; in this way, the TEA model may live leveraged to prioritize research targets according to economic impact. In TRL 4, TEA can live performed in spreadsheets if flowsheet simulation software is not available [7], but it must provide an overall material poise for the proposed process at scale. An energy poise may live elusive at this stage, due to uncertainties surrounding process externalities dote utility demands in downstream processing. Developers should spend the material poise to (1) understand the production costs associated with everyone material inputs (e.g., fermentation media, solvent makeup, catalysts, hydrogen) and (2) authenticate that exact for these process inputs and any byproducts can live served by the existing market. (An instance that comes to irony is organic acid production being limited by gypsum offtake.) In subsequent TRLs, developers will execute more and longer integrated experiments and will discover to design and procure pilot-scale equipment. Exiting TRL 4 thus requires a significant funding commitment to champion additional technical labor and capital equipment. Above all, the TEA efforts in TRL 4 should present a compelling sage to investors, ideally resulting in a succession A investment round.

TRL 5: Integrated validation of the minimum viable process

TRL 5 traditionally marks the conclude of bench-scale work and final reduction of scientific risk. Continuous, integrated tests should live designed to capitulate minuscule lots of the end-product, from its intended feedstock and with its intended formulation and specifications. These test lots can live provided to offtake partners or regulatory agencies. Some developers in the food, biomaterials, and personal-care spaces may hold the break in TRL 5 to provide samples to the public. (Be aware, however, that attempting to beget a profit on R&D lots can hold unwanted tax implications.)

There is generally no sharp transition between TRL 5 and TRL 6, which focuses on the design and operation of a pilot-scale testing unit (nominally 1/100th of commercial scale). Pilot development may silent hold dwelling in a laboratory, but experiments are carried out at engineering scale, rather than bench scale. Pilot-scale unit operations may live designed and procured while bench-scale work continues, with the larger units replacing smaller units as they are brought online and validated.

From TRL 5 on, TEA activities could more broadly live called “process engineering,” so companies should search to grow their engineering departments, by hiring full-time process engineers and/or expanding relationships with engineering and consulting firms. By TRL 5, the process flowsheet and TEA model should live sophisticated enough to comprehend everyone material costs, major utility costs, and scabrous estimates of the major capital outfit at scale. Such data needs to ideally live in dwelling by TRL 5 to position a developer for the scrutiny they should expect when trying to obtain hundreds-of-million-dollar loans in the later TRLs. These will live further refined as pilot development reduces engineering risk.

TRL 6: Integrated pilot development

As stated above, the line between TRL 5 and 6 is a bit blurry and developers may find themselves in TRL 6 at the point where most of their development activities center on operating the pilot plant (1/100thcommercial scale). It is indispensable that the pilot plant comprehend engineering-scale equivalents of everyone the unit operations that will live required at scale, including prototypes of any novel operations, e.g., product separation. If not adopted earlier, the process flowsheet that informs the TEA model is built with a proper chemical flowsheet simulation program, paying attention to physical limitations of outfit (pump motors, compressor discharge temperatures), materials of construction, and thermodynamic accuracy, particularly in separations. This plane of detail generally requires senior process engineering staff or specialized consultants. The TEA model will live used by an EPC firm to develop construction estimates for a demonstration plant (1/10thcommercial scale), and relatively accurate capital cost estimates for the full-scale plant. These will live used to procure financing to go forward.

To the extent that there exists a valley of death for bioeconomy ventures, it is almost certainly TRL 5/6. The next TRL culminates with a demonstration of extended, continuous pilot plant operation. watchful selection and specification of pilot outfit in TRL 5, and a profound understanding of their operational nuances in TRL 6 is censorious to a successful continuous rush in TRL 7.

TRL 7: Integrated pilot continuous operation

TRL 7 comprises continuous, integrated operation of the pilot plant, from feedstock to product. These activities will expose engineering and manufacturing risk that may surface at larger scale. Developers should propose—and spend the pilot plant to test—solutions that will apply to demonstration scale. A continuous, steady-state rush of 1,000 hours is the industry criterion needed to instill self-possession in big investors (i.e., banks). Some developers hold gone to demonstration scale with fewer, but 1,000 hours should live the threshold for unusual developers to bear in mind. Documentation is censorious in TRL 7—developers should record which operations were running during every run, for how long, and how they performed.

Between TRL 7 and TRL 8, the demonstration plant (1/10thcommercial) will live designed and constructed—potentially a project taking tens of months and tens of millions of dollars. Developers should expect that investors will employ independent engineers (IEs) to scrutinize and validate the R&D and pilot runs to this point. To facilitate communication with IEs, the flowsheet and TEA model should live refined to near-final form, with a very lofty plane of detail. With learning from the pilot operation, design, construction, and startup of the demonstration plant proceeds with external EPC resources. Heat and material balances from the refined model will live used to develop particular construction estimates for a commercial plant.

TRL 8: Precommercial demonstration

Our discussion around TRLs 8 and 9 is rather brief, because they find that developers who reach TRL 8 already hold a lofty plane of competency, and the remaining problems minister to live very specific growing pains that are not of interest to a common audience.

In TRL 8, the demonstration plant is constructed, troubleshot, and operated continuously. Operating conditions are explored, to prove the process within and outside of typical parameters. TRL 8 represents the conclude of R&D in almost everyone cases. (Some definition sets omit TRL 9 because R&D is effectively complete.) By analyzing demonstration operability, loyal manufacturing costs will live determined. Deviations from the predictions made during the pilot stage are identified and mitigation plans are developed. The process simulation is finalized and scaled up to commercial scale.

TRL 9: full commercial deployment

Technologies in TRL 9 are in their final profile and hold been proven throughout the full reach of operating conditions. R&D, pilot, and demonstration resources can live directed to other commercialization targets. A full-time process engineering staff continuously verifies that operations are meeting cost, yield, and productivity targets. Frequently, operating companies continue to find value in highly specialized experts for implementing advanced process control programs, or process debottlenecking.

References

[1] https://en.wikipedia.org/wiki/Technology_readiness_level

[2] DOE Bioenergy Technologies Office, Multi-Year Program Plan, March 2015

[3] Steve Blank, https://steveblank.com/2013/11/25/its-time-to-play-moneyball-the-investment-readiness-level/

[4] IHS Chemical, PEP Yearbook, Accessed March 2018

[5] The University of Illinois, Dept of Agricultural and Consumer Economics, October 2017

[6] DOE Bioenergy Technologies Office, Multi-Year Program Plan, March 2016

[7] https://en.wikipedia.org/wiki/List_of_chemical_process_simulators

About the Author

Dr. Humbird, Principal of DWH Process Consulting LLC, is a member of Lee Enterprises Consulting, the world’s premier bioeconomy consulting group, with more than 100 consultants and experts worldwide who collaborate on interdisciplinary projects, including the types discussed in this article. The opinions expressed herein are those of the author, and achieve not necessarily express the views of Lee Enterprises Consulting.



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International Edition Textbooks

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Highlights > Recent Additions
Showing Page 1 of 5
Operations & Process Management: Principles & Practice for Strategic ImpactOperations & Process Management: Principles & Practice for Strategic Impact
By Nigel Slack, Alistair Jones
Publisher : Pearson (Feb 2018)
ISBN10 : 129217613X
ISBN13 : 9781292176130
Our ISBN10 : 129217613X
Our ISBN13 : 9781292176130
Subject : Business & Economics
Price : $75.00
Computer Security: Principles and PracticeComputer Security: Principles and Practice
By William Stallings, Lawrie Brown
Publisher : Pearson (Aug 2017)
ISBN10 : 0134794109
ISBN13 : 9780134794105
Our ISBN10 : 1292220619
Our ISBN13 : 9781292220611
Subject : Computer Science & Technology
Price : $65.00
Urban EconomicsUrban Economics
By Arthur O’Sullivan
Publisher : McGraw-Hill (Jan 2018)
ISBN10 : 126046542X
ISBN13 : 9781260465426
Our ISBN10 : 1260084493
Our ISBN13 : 9781260084498
Subject : Business & Economics
Price : $66.00
Urban EconomicsUrban Economics
By Arthur O’Sullivan
Publisher : McGraw-Hill (Jan 2018)
ISBN10 : 0078021782
ISBN13 : 9780078021787
Our ISBN10 : 1260084493
Our ISBN13 : 9781260084498
Subject : Business & Economics
Price : $65.00
Understanding BusinessUnderstanding Business
By William G Nickels, James McHugh, Susan McHugh
Publisher : McGraw-Hill (Feb 2018)
ISBN10 : 126021110X
ISBN13 : 9781260211108
Our ISBN10 : 126009233X
Our ISBN13 : 9781260092332
Subject : Business & Economics
Price : $75.00
Understanding BusinessUnderstanding Business
By William Nickels, James McHugh, Susan McHugh
Publisher : McGraw-Hill (May 2018)
ISBN10 : 1260682137
ISBN13 : 9781260682137
Our ISBN10 : 126009233X
Our ISBN13 : 9781260092332
Subject : Business & Economics
Price : $80.00
Understanding BusinessUnderstanding Business
By William Nickels, James McHugh, Susan McHugh
Publisher : McGraw-Hill (Jan 2018)
ISBN10 : 1260277143
ISBN13 : 9781260277142
Our ISBN10 : 126009233X
Our ISBN13 : 9781260092332
Subject : Business & Economics
Price : $77.00
Understanding BusinessUnderstanding Business
By William Nickels, James McHugh, Susan McHugh
Publisher : McGraw-Hill (Jan 2018)
ISBN10 : 1259929434
ISBN13 : 9781259929434
Our ISBN10 : 126009233X
Our ISBN13 : 9781260092332
Subject : Business & Economics
Price : $76.00
Business Communication: Developing Leaders for a Networked WorldBusiness Communication: Developing Leaders for a Networked World
By Peter W. Cardon
Publisher : McGraw-Hill (Jan 2017)
ISBN10 : 1260128474
ISBN13 : 9781260128475
Our ISBN10 : 1259921883
Our ISBN13 : 9781259921889
Subject : Business & Economics, Communication & Media
Price : $66.00
Business Communication: Developing Leaders for a Networked WorldBusiness Communication: Developing Leaders for a Networked World
By Peter Cardon
Publisher : McGraw-Hill (Feb 2017)
ISBN10 : 1260147150
ISBN13 : 9781260147155
Our ISBN10 : 1259921883
Our ISBN13 : 9781259921889
Subject : Business & Economics, Communication & Media
Price : $64.00
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