京都大学 / 0048 / 新制・課程博士 / 博士(工学) / 甲第21274号 / 工博第4502号 / 新制||工||1700(附属図書館) / 京都大学大学院工学研究科合成・生物化学専攻 / (主査)教授 村上 正浩, 教授 松原 誠二郎, 教授 杉野目 道紀 / 学位規則第4条第1項該当 / Doctor of Philosophy (Engineering) / Kyoto University / DFAM

Syftet med rapporten är att undersöka och analysera motiv och ekonomiska incitament bakom fastighetssektorns deltagande på den gröna obligationsmarknaden i Sverige. Rapporten diskuterar huruvida en grön premie eller ett Green bond premium, även kallat Greenium, existerar samt hur stort detta är. Greenium är skillnaden mellan räntan på en grön obligation och en traditionell obligation. Vidare analyseras anledningar till att ett Greenium skulle uppstå. En diskussion förs huruvida det är mer ekonomiskt lönsamt att köpa gröna obligationer i jämförelse med traditionella obligationer. År 2007 utfärdade Världsbanken den första gröna obligationen i världen i samarbete med SEB. Sedan gröna obligationens uppkomst har marknaden vuxit till ett globalt värde på över 300 miljarder dollar. Vasakronan utfärdade världens första gröna företagsobligation 2013, efter det fick marknaden i Sverige sitt största uppsving och sedan dess har marknaden vuxit kraftigt. Gröna obligationer har samma ekonomiska egenskaper som traditionella obligationer men skillnaden är att intäkterna från gröna obligationer måste finansiera miljö- eller klimatvänliga projekt. Gröna obligationer medför en del risker för aktiva aktörer. Dessa risker är bland annat anseenderisk, greenwashing och asymmetrisk information. Med tanke på den enorma påverkan företag idag har på miljön är det lämpligt att dessa tar ansvar för sina utsläpp och andra negativa externa effekter. Genom konceptet Corporate Social Responsibility har företag tagit mer ansvar för hur de påverkar samhället ur såväl ett ekonomiskt, miljömässigt samt socialt perspektiv. Genom CSR har gröna obligationer blivit populärt och i synnerhet på fastighetsmarknaden där ambitionen kring hållbarhet vuxit kraftigt de senare åren. Sammanfattningsvis kan det konstateras att ett greenium finns men att det är svåruppskattat. Enligt intervjuade personer inom fastighetsbranschen kan greenium antas vara -4 till -5 baspunkter och enligt vetenskapliga artiklar antas det vara cirka -2 baspunkter. En baspunkt motsvarar en hundradels procent. Att greenium uppstår beror på investerares stora efterfrågan och emittenters låga utbud på gröna obligationer i dagsläget. Fastighetsbranschen är ledande på den gröna obligationsmarknaden i Sverige och detta antas bero på branschens tidiga modifiering av gröna obligationer samt sektorns välutvecklade certifieringssystem av hållbara byggnader. I framtiden kan den gröna obligationsmarknaden antas växa och utvecklas inom såväl andra branscher som andra länder. / This report aim to examine and analyze motives and financial incentives behind the real estate sector's participation on the green bond market in Sweden. The report discusses whether a Green bond premium, also called Greenium, exists and how large it is. Furthermore, the reasons why a Greenium can occur are analyzed. A discussion about whether it is more economically viable to trade in green bonds compared to ordinary corporate bonds is implemented. In 2007, the World Bank issued the first green bond in the world in cooperation with SEB. Since then the market has grown to a global value over $ 300 billion. Vasakronan issued the world’s first green corporate bond in 2013 and since then the green bond market in Sweden has grown strongly. Green bonds have the same economic traits as traditional bonds, but the difference is that revenues from green bonds must finance environment or climatefriendly projects. Green bonds entail some risks for active issuers and investors. These risks include reputation risk, greenwashing and asymmetric information. Given the enormous impact companies have on the environment, it is appropriate for companies to take responsibility for their emissions and other negative external effects. Through the concept Corporate Social Responsibility companies have taken more responsibility for how they affect society from both an economic, environmental and social perspective. Through CSR green bonds have become popular and especially on the real estate market, where the ambition of sustainability has grown strongly in recent years. In conclusion, it can be stated that a greenium exists but that it is difficult to estimate. According to interviewed issuers in the real estate sector, greenium can be assumed to be -4 to -5 basis points and, according to scientific articles, it is assumed to be about -2 basis points. The fact that greenium arises depends on investors’ large demand and issuers' low supply of green bonds at present time. The real estate industry is the leading sector in the green bond market in Sweden and this is assumed to be due to the industry's early modification of green bonds and the sector's well-developed certification system of sustainable buildings. In the future, the green bond market can be assumed to grow and develop in both other industries and other countrie

Fiber reinforced polymer (FRP) composites have become an attractive alternative to conventional methods for external-strengthening of civil infrastructure, particularly as applied to flexural strengthening of reinforced concrete (RC) members. However, durability of the bond between FRP composite and concrete has shown degradation under some aggressive environments. Although numerous studies have been conducted on concrete members strengthened with FRP composites, most of those studies have focused on the degradation of FRP material itself, relatively few on bond behavior under repeated mechanical and environmental loading. This thesis investigates bond durability under accelerated environmental conditioning of two FRP systems commonly employed in civil infrastructure strengthening: epoxy and polyurethane systems. Five environments were considered under three different conditioning durations (3 months, 6 months, and 1 year). For each conditioning environment and duration (including controls), the following were laboratory tested: concrete cylinders, FRP tensile coupons, and FRP-strengthened concrete flexural members. Numerical investigations were performed using MSC MARC finite element software package to support the outcomes of durability experimental tests. Precise numerical studies need an accurate model for the bond between FRP and concrete, a linear brittle model is proposed in this work that is calibrated based on nonlinear regression of existing experimental lap shear data. Results of tensile tests on FRP coupons indicate that both epoxy and polyurethane FRP systems do not degrade significantly under environmental exposure. However, flexural tests on the FRP strengthened concrete beams indicate that bond between FRP and concrete shows significant degradation, especially for aqueous exposure. Moreover, a protective coating suppresses the measured degradation. Also, experimental load-displacement curves for control beams show excellent agreement with numerical load-displacement curves obtained using the proposed bond iii model. Finally, a bond-slip model is predicted for concrete leachate conditioned beams by matching load-displacement curves for those beams with numerical load-displacement curves.

Pt-aluminide (PtAl) coatings form an integral part of thermal barrier coating (TBC) systems that are applied on Ni-based superalloy components operating in the hot sections of gas turbine engines. These coatings serve as a bond coat between the superalloy substrate and the ceramic yttrium stabilized zirconia (YSZ) coating in the TBC system and provide oxidation resistance to the superalloy component during service at high temperatures. The PtAl coatings are formed by the diffusion aluminizing process and form an integral part of the superalloy substrate. The microstructure of the PtAl coatings is heavily graded in composition as well as phase constitution. The matrix phase of the coating is constituted of the B2-NiAl phase. Pt, in the coating, is present as a separate PtAl2 phase as well as in solid solution in B2-NiAl. The oxidation resistance of the PtAl bond coat is derived from the B2-NiAl phase. At high temperatures, Al from the B2-NiAl phase forms a regenerative layer of alumina on the coating surface which, thereby, lowers the overall oxidation rate of the superalloy substrate. The presence of Pt is beneficial in improving the adherence of the alumina scale to the surface and thereby enhancing the oxidation resistance of the coating. However, despite its excellent oxidation resistance, the B2-NiAl being an intermetallic phase, renders the PtAl coating brittle and imparts it with a high brittle-to-ductile-transition-temperature (BDTT). The PtAl coating, therefore, remains prone to cracking during service. The penetration of these cracks into the substrate is known to degrade the strain tolerance of the components. Evaluation of the mechanical behavior of these coatings, therefore, becomes important from the point of views of scientific understanding as well as application of these coatings in gas turbine engine components. Studies on the mechanical behavior of coatings have been mostly carried on coated bulk superalloy specimens. However, since the coating is brittle and the superalloy substrate more ductile when compared to the coating, the results obtained from these studies may not be representative of the coating. Therefore, it is imperative that the mechanical behavior of the coating in stand-alone condition, i.e. the free-standing coating specimen without any substrate attached to it, be evaluated for ascertaining the true mechanical response of the coating. Study of stand-alone bond coats involves complex specimen preparation techniques and challenging testing procedures. Therefore, reports on the evaluation of mechanical properties of stand-alone coatings are limited in open literature. Further, no systematic effort has so far been made to examine important aspects such as the effect of temperature and strain rate on the tensile behavior of these coatings. The deformation mechanisms associated with these bond coats have also not been reported in the literature. In light of the above, the present research study aims at evaluating the tensile behavior of free-standing PtAl coatings by the micro-tensile testing technique. The micro-tensile testing method was chosen for property evaluation because of its inherent ability to generate uniform strain in the specimen while testing, which makes the results easy to interpret. Further, since the technique offers the feasibility to test the entire graded PtAl coating in-situ, the results remain representative of the coating. Using the above testing technique, the tensile behavior of the PtAl coating has been evaluated at various temperatures and strain rates. The effect of strain rate on the BDTT of the coating has been ascertained. Further, the effect of Pt content on the tensile behavior of these coatings has also been evaluated. Attempts have been made to identify the mechanisms associated with tensile deformation and fracture in these coatings. The thesis is divided into nine chapters. Chapter 1 presents a brief introduction on the operating environment in gas turbine engines and the materials that are used in the hot sections of gas turbine engines. The degradation mechanisms taking place in the superalloy in gas turbine environments and the need for application of coatings has also been highlighted. The basic architecture of a typical thermal barrier coating (TBC) system applied on gas turbine engine components has been presented. The constituents of the TBC system, i.e. the ceramic YSZ coating, MCrAlY overlay as well as diffusion aluminide bond coats and, the various techniques adopted for the deposition of these coatings have been described in brief. Chapter 2 presents an overview of the literature relevant to this study. This chapter is divided into four sub-chapters. The formation of diffusion aluminide coatings on Ni-based superalloys has been described in the first sub-chapter. Emphasis has been laid on pack cementation process for the formation of the coatings. The fundamentals of pack aluminizing process, including the thermodynamic and kinetic aspects, have been mentioned in brief. The microstructural aspects of high activity and low activity plain aluminide and Pt-aluminide coatings have also been illustrated. The techniques applied for the mechanical testing of bond coats have been discussed in the second sub-chapter. The macro-scale testing techniques have been mentioned in brief. The small scale testing methods such as indentation, bend tests and micro-tensile testing have also been discussed in the context of evaluation of mechanical properties of bond coats. Since the matrix in the aluminide bond coats is constituted of the B2-NiAl phase, a description of the crystal structure and deformation characteristics of this phase including the flow behavior, ductility and fracture behavior has been mentioned in the third sub-chapter. In the fourth sub-chapter, reported literature on the tensile behavior and brittle-to-ductile-transition-temperature (BDTT) of diffusion aluminide bond coats has been discussed. In Chapter 3, details on experiments carried out for the formation of various coatings used in the present study and, their microstructural characterization, are provided. The method for extraction of stand-alone coating specimens and their testing is discussed. The microstructure and composition of the various coatings used in the present study are discussed in detail in Chapter 4. Unlike in case of bulk tensile testing, for which standards on the design of specimens exist, there are no standards available for the design of micro-tensile specimens. Therefore, as part of the present research work, a finite element method (FEM)-based study was carried out for ascertaining the dimensions of the specimens. The simulation studies predicted that failure of the specimens within the gage length can be ensured only when certain correlations between the dimensional parameters are satisfied. Further, the predictions from the simulation study were validated experimentally by carrying out actual testing of specimens of various dimensions. Details on the above mentioned aspects of specimen design are provided in Chapter 5. The PtAl coatings undergo brittle fracture at lower temperatures while ductile fracture occurs at higher temperatures. Further, the coatings exhibit a scatter in the yielding behavior at temperatures in the vicinity of BDTT. Therefore, the BDTT, determined as the temperature at which yielding is first observed in the stress-strain curves, may not be representative of the PtAl coatings. In Chapter 6, a method for the precise determination of BDTT of aluminide bond coats, based on the variation in the plastic strain to fracture with temperature, has been demonstrated. The BDTT determined by the above method correlated well with the variation in fracture surface features of the coating and was found representative of these coatings. In Chapter 7, the effect of temperature and strain rate on the tensile properties of a PtAl bond coat has been evaluated. The temperature and strain rate was varied between room temperature (RT)-1100°C and 10-5 s-1-10-1 s-1, respectively. The effect of strain rate on the BDTT of the PtAl bond coat has been examined. Further, the variation in fracture surface features and mechanism of fracture with temperature and strain rate are illustrated. The micro-mechanisms of deformation and fracture in the coating at different temperature regimes have also been discussed. The coating exhibited brittle-to-ductile transition with increase in temperature at all strain rates. The BDTT was strain rate sensitive and increased significantly at higher strain rates. Above BDTT, YS and UTS of the coating decreased and its ductility increased with increase in the test temperature at all strain rates. Brittle behavior occurring in the coating at temperatures below the BDTT has been attributed to the lack of operative slip systems in the B2-NiAl phase of the coating. The onset of ductility in the coating in the vicinity of BDTT has been ascribed to generation of additional slip systems caused by climb of dislocations onto high index planes. The coating exhibited two distinct mechanisms for plastic deformation as the temperature was increased from BDTT to 1100°C. For temperatures in the range BDTT to about 100°C above it, deformation was controlled by dislocations overcoming the Peierls-Nabarro barrier. Above this temperature range, non-conservative motion of jogs by jog dragging mechanism controlled the deformation. The transition temperature for change of deformation mechanism also increased with increase in strain rate. For all strain rates, fracture in the coating at test temperatures below the BDTT, occurred by initiation of cracks in the intermediate single phase B2-NiAl layer of the coating and subsequent inside-out propagation of the cracks across the coating thickness. Ductile fracture in the coating above the BDTT was associated with micro-void formation throughout the coating. The effect of Pt content on the tensile behavior of PtAl coating, evaluated at various temperatures ranging from room temperature (RT) to 1100°C and at a nominal strain rate of 10-3 s-1, is presented in Chapter 8. Irrespective of Pt content in the coating, the variation in tensile behavior of the coating with temperature remained similar. At temperatures below BDTT, the coatings exhibited linear stress-strain response (brittle behavior) while yielding (ductile behavior) was observed at temperatures above BDTT. At any given temperature, the elastic modulus decreased while the strength increased with increase in Pt content in the coating. On the other hand, the ductility of the coating remained unaffected with Pt content. The BDTT of the coating also increased with increase in Pt content in the coating. Addition of Pt did not affect the fracture mechanism in the coating. Fracture at temperatures below BDTT was caused by nucleation of cracks at the intermediate layer and their subsequent inside-out propagation. At high temperatures, fracture occurred in a ductile manner comprising void formation, void linkage and subsequent joining with cracks. The deformation sub-structure of the coating did not get affected with Pt incorporation. Short straight dislocations were observed at temperatures below BDTT, while, curved dislocations marked by jog formation were observed at temperatures above BDTT. The factors controlling fracture stress and strength in the PtAl coatings at various temperatures have also been assessed. The overall summary of the present research study and recommendations for future studies are presented in the last chapter, i.e. Chapter 9.

No description available.

In South Africa, over-the-counter (OTC) bond options may be used in order to either hedge or speculate. However, since 2001, this market deteriorated significantly. The current research assessed the role of the local bond option market, reasons for the deterioration of the South African OTC bond option market, and how this bond option market could possibly be restored as a primary hedging instrument. The opinions of individuals operating in this market were obtained using a questionnaire. In the opinion of the respondents, wide bid–offer spreads, regulatory interferences and poor participation within this market caused market deterioration. The market could be restored as a hedging instrument if effective market integration exists, interbank trading regularly takes place, liquidity was enhanced, transparency increased and investor knowledge improved. Future research could focus on regulatory transformation, the types of derivatives used for hedging, and an assessment of appropriate continuous professional development interventions for investors. / Business Management / M. Com. (Business Management)

Les systèmes d’ancrages adhésifs sont utilisés dans plusieurs applications en génie civil, notamment en réhabilitation et réparation des ouvrages d’infrastructure tels que des dalles de ponts, chaussées, tunnels, barrages, murs, poteaux, ainsi que dans certains travaux d’exploration géologique et minière. Un système d’ancrage adhésif comprend trois composants : l’élément d’ancrage : une barre d’armature ou une tige filetée ; le matériau adhésif : polymérique, cimentaire ou hybride ; et le substrat : en béton ou en maçonnerie. Les charges imposées sur les barres d’ancrage sont transmises au substrat par adhérence chimique (réactions) et liaison mécanique (interlock) entre les composants mentionnés. Le modèle de design d’adhérence uniforme établit que la performance structurale d’un système d’ancrage adhésif est déterminée par la contrainte de l’adhérence (τ), développée sur toute la surface de contact, entre les composants à l’intérieur du trou d’ancrage. Ce projet, en partenariat avec l’entreprise AMBEX, étudie et évalue la performance des systèmes d’ancrage avec adhésifs en matériau cimentaire, par rapport au comportement sous chargement continu. Pour ce faire, on a ancré des barres d’armature dans un substrat en béton conventionnel. Les deux adhésifs étudiés sont les cartouches d’ancrage AAC et ARC. On a tenu compte des paramètres géométriques et d’installation en assurant la rupture de l’adhérence lors des essais d’arrachement. On a évalué deux conditions en service: température ambiante (21ºC) et élevée (43ºC). On a effectué des essais statiques de traction et des essais sous chargement soutenu. Les résultats sont présentés dans des graphiques « chargedéplacement-temps », afin d’établir des prédictions futures de comportement. Le projet montre les avantages des ancrages adhésifs en matériau cimentaire, tels que le taux de fluage très faible sous chargement soutenu, et quelques limitations aussi, comme la variabilité des résultats à l’arrachement pour les ancrages avec la cartouche AAC. / Abstract : Adhesive anchoring systems are used in many civil engineering applications, including rehabilitation and repair of infrastructure such as bridge decks, roadways, tunnels, dams, walls, columns, and in some geological explorations and mining. An adhesive anchoring system consists of three components: the anchor: a reinforcing bar or a threaded rod; the adhesive material: polymeric, cementitious or hybrid; and a substrate of concrete or masonry. The loads applied on the anchor rods are transmitted by a chemical adhesion to the substrate (reactions) and mechanical interlock between the components mentioned. The design pattern of uniform adhesion establishes that the structural performance of an adhesive anchoring system is determined by the bond strength (τ) developed across the contact surface, between the components within the anchor hole. This project, in partnership with AMBEX, investigates and assesses the performance of an anchoring system, with an adhesive of cementitious material, related to the creep behaviour. To achieve this, steel rebars were anchored in a conventional concrete substrate. Two adhesives were evaluated: AAC and ARC cartridges. Geometrical and installation parameters were taken into account, to ensure bond failure during pullout tests. Two service conditions were studied: room temperature (21ºC) and high temperature (43ºC). Static tensile tests and creep tests were performed. The results are presented in graphs “load-displacement-time”, in order to make predictions of future behavior. The project shows the advantages of adhesive anchors made of cementitious material, as a feeble creep rate at sustained load, and also some limitations, as the variability of tension test results for anchors tested with AAC cartridge.

The continuing quest for higher performance levels of modern gas turbine engines has been accompanied by the demand for higher engine operating temperatures. The use of Thermal Barrier Coatings (TBCs) enabled gas turbines to operate at higher temperatures by protecting the blade material (nickel superalloy) while operating in extreme environments. The TBC system typically consists of a bond coat for protection of the nickel–based superalloy against oxidation followed by a top coat consisting of a thermally insulating zirconia-yttria. In addition to the complex gradation in phases, the coatings are subjected to continuous oxidation with service exposure, mechanical loading on rotating parts, fatigue, thermal mis-match and temperature gradients. Hence, the study of failure mechanisms of TBCs become important in deciding operational reliability and service life of the coating. As there are many systems in which the operating temperatures are not high enough to warrant the use of the top coat (ceramic layer), the study of failure mechanisms in superalloys coated with only the bond coat continue to be of great interest. The present work concentrates on the fracture behavior of NiAl bond coats on nickel superalloy and seeks to evaluate the fracture toughness of the coating through the use of micro-machined samples. A review of the relevant literature indicated that while a considerable body of work exists on bulk tests of failure (spalling, splitting, etc.), not much has been reported in the open literature on the evaluation of basic quantities such as the toughness of the coating itself. The present thesis seeks to establish a protocol for the evaluation of toughness and crack propagation mechanisms in coatings through a combination of micro-sample testing that allows fracture to be correlated with location in the film and the use of an analytical model to quantitatively evaluate stress intensity factors in a bi-material system. A system of NiAl coating produced by pack aluminizing is studied for the fracture properties of the coating. Specimen geometries are optimized to enable micro-cracks to be machined and propagated in a low load testing system, such as a depth sensing indenter, so that crack lengths (and position relative to the interface) can be correlated with load. To enable linear elastic theory to be used, dimensions are determined that allow fracture before general yielding. A three point bending test using miniaturized micro-beam specimens of ~ 4 X 0.3 X 0.3 mm is found to be suitable for the above purpose. The technique is a challenging one that requires focused ion beam machining (FIB) along with careful handling and alignment of small samples. The coatings are characterized for their microstructure by electron microscopy to identify compositional variation across the thickness and to determine the thickness of the coating and inter diffusion zone (IDZ). The crack advancement is monitored with increments of loading and the stress intensity factor is evaluated using a program written in “MAPLE” for an edge crack subjected to bending in a bilayered material. Surprisingly, fracture in this system is found to be stable owing to a gradual increase in toughness from the coating surface to the interface. Such an increase from less than 2 to more than 9 MPa m0.5 may be due to the increasing Ni/Al ratio across the thickness of the bond coat. Crack branching is observed as the crack approaches the IDZ and the reasons for such behaviour are not fully understood. This work establishes the viability of this technique to determine fracture properties in highly graded coated systems and may be readily extended to more complex coating architectures and other forms of loading such as cyclic, mixed mode, etc.

Die sichere Einleitung und Übertragung der wirkenden Kräfte ist Bedingung für die Funktionsfähigkeit und die vollständige Ausnutzung der Tragfähigkeit von Textilbetonbauteilen und -verstärkungsschichten. So kann es bei ungünstiger Konfiguration und Anordnung der Einzelkomponenten des Verbundbaustoffes zur Ausbildung einer Vielzahl verschiedener Verbundversagensformen kommen. Diese umfassen neben der Bildung von verbundschädigenden Delaminations- und Spaltrissen lokale Abplatzungen der Betondeckung oder einen vorzeitigen Auszug der Garne aus dem Beton. Besonders beansprucht sind in diesem Zusammenhang die bei einer Anwendung von Textilbeton erforderlichen Endverankerungs- und Stoßbereiche der textilen Bewehrungen. Zur sicheren Ausbildung und Bemessung dieser wichtigen Detailpunkte liegen jedoch momentan noch keine umfassenden und zusammenhängenden Untersuchungen vor. Hauptziel der vorliegenden Dissertation war daher eine systematische Erforschung und Beschreibung des Tragverhaltens von Textilbeton in Endverankerungs- und Übergreifungsbereichen. Eine funktionierende und schädigungsfreie Verbundkraftübertragung bildet die Grundlage für die sichere Lasteinleitung und -übertragung. Daher wurden im ersten Teil der Arbeit ausführliche Untersuchungen zur Charakterisierung der zwischen Bewehrungstextil und Feinbetonmatrix wirkenden Kräfte und -mechanismen durchgeführt. Nach der Entwicklung eines geeigneten Versuchsaufbaus erfolgten umfangreiche Parametervariationen zur experimentellen Überprüfung des textilspezifischen Verbundverhaltens. Den Schwerpunkt der Untersuchungen bildete die Identifikation und Bewertung der aus verschiedenen Verarbeitungsparametern der textilen Bewehrungen resultierenden Verbundeinflüsse. Die Versuchsergebnisse ermöglichen die Bestimmung der zugehörigen Verbundspannungs-Schlupf-Beziehungen (VSB) mithilfe eines erarbeiteten Modellierungsverfahrens. Die so ermittelten Verbundkennwerte bilden die Grundlage für die weiteren rechnerischen Untersuchungen. Im zweiten Teil der Arbeit erfolgten Forschungen zum Tragverhalten von Endverankerungsbereichen. Hierbei stand der im Regelfall bemessungsrelevante Grenzzustand eines vorzeitigen Auszuges der Textilien aus der Betonmatrix im Mittelpunkt. Die Arbeiten umfassten experimentelle und theoretische Untersuchungen zur Beschreibung der Kraftübertragung. Aufbauend auf die ermittelten Verbundkennwerte wird ein unabhängiger analytischer Auswertealgorithmus zur Beschreibung des Verbundtragverhaltens in Endverankerungsbereichen dargestellt. Dieser ermöglicht eine detaillierte rechnerische Bestimmung der erforderlichen Endverankerungslängen von Textilbeton in Abhängigkeit konkreter bzw. untersuchter Bewehrungstextilien. Den dritten Forschungsschwerpunkt bildeten Untersuchungen zum Tragverhalten von Übergreifungsstößen in Textilbetonbauteilen. Mithilfe von umfassenden experimentellen und theoretischen Analysen an unterschiedlich konfigurierten und bewehrten Textilbetonen konnten die maßgebenden Versagensmechanismen untersucht und grundlegende Vorgaben für die Bemessung und Ausführung der Übergreifungsbereiche abgeleitet werden. Die gewonnenen Erkenntnisse wurden anhand von großformatigen Bauteilversuchen mit entsprechend konstruierten Übergreifungsstößen bestätigt. Zum Abschluss wird ein vereinfachtes Ingenieurmodell vorgestellt. Dieses erlaubt eine allgemeingültige und hinreichend genaue Bemessung der untersuchten Detailpunkte unter Beachtung der maßgebenden Grenzzustände. / The safe introduction and transmission of forces is a requirement for the workability as well as the possibility to make full use of the load bearing capacities of components and strengthening layers made of textile reinforced concrete. Accordingly, an unfavourable configuration and arrangement of the composite material’s individual components can lead to various modes of bond failure. These can result from the formation of bond damaging delamination cracks and longitudinal matrix splitting, local spalling of the concrete layer in the outer reinforcement layers or early yarn pull-out from the concrete. In this context, the areas of end anchorage and lap joints of the textile reinforcement, which cannot be avoided when using textile reinforced concrete, are particularly prone to failure. However, no comprehensive and coherent investigations regarding the safe configuration and dimensioning of these essential details are available yet. Consequently, systematic research into textile reinforced concrete’s load-bearing behaviour in the areas of end anchorage and lap joints and the subsequent description was the main goal of this dissertation. A working and damage-free transmission of bond force is the basis for a faultless load transmission and introduction. As a result, extensive tests concerning the characterization of the mechanisms and forces acting between reinforcing textile and fine grained concrete matrix were carried out as the first part of the investigations. After an appropriate test setup had been developed, a great variety of parameters was applied to experimentally examine the bond behaviour specific to the textile. The determination of the influencing factors resulting from various parameters in the textile reinforcement’s processing was a focus in the research. Based on a specifically developed modelling technique, the test results could be used to calculate the corresponding bond stress-slip-relation. The bond parameters, which were determined like this, served as the basis for the following calculations. The second part of the investigations was concerned with the load-bearing behaviour in end anchorage areas. In this case, the limit state of a yarn pull-out from the concrete matrix, which is usually essential for the dimensioning, was at the centre of attention. The investigations encompassed experimental and theoretical tests regarding the description of the force transmission. Based on the determined compound parameters, an independent analytic evaluation algorithm, which served to describe the load carrying behaviour of the bond in the end anchorage area, was presented. Through this algorithm, the detailed calculation of the required end anchorage lengths of textile reinforced concrete depending on the specific reinforcement textile was possible. The third research focus was on tests regarding the load-bearing behaviour of lap joints in textile reinforced concrete components. With the help of comprehensive experimental and theoretical analyses of variously configured and reinforced textile reinforced concretes, the decisive failure mechanisms were examined. Furthermore, fundamental demands for the dimensioning and execution of the lap joint areas could be derived. The findings were confirmed through tests on large-sized building components with corresponding lap joints. At the end of the investigations, a simplified engineering model is presented. This model makes a universally valid and exact dimensioning of the examined details possible while also paying attention to the decisive limit states.

In South Africa, over-the-counter (OTC) bond options may be used in order to either hedge or speculate. However, since 2001, this market deteriorated significantly. The current research assessed the role of the local bond option market, reasons for the deterioration of the South African OTC bond option market, and how this bond option market could possibly be restored as a primary hedging instrument. The opinions of individuals operating in this market were obtained using a questionnaire. In the opinion of the respondents, wide bid–offer spreads, regulatory interferences and poor participation within this market caused market deterioration. The market could be restored as a hedging instrument if effective market integration exists, interbank trading regularly takes place, liquidity was enhanced, transparency increased and investor knowledge improved. Future research could focus on regulatory transformation, the types of derivatives used for hedging, and an assessment of appropriate continuous professional development interventions for investors. / Business Management / M. Com. (Business Management)