Academic literature on the topic 'Reliance Industries Limited'
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Journal articles on the topic "Reliance Industries Limited"
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Lakshmi, G., Afrin Banu K., Afrin F., and Divya C. "A STUDY ON THE FINANCIAL ANALYSIS OF RELIANCE INDUSTRIES LIMITED." International Journal of Advanced Research 9, no. 5 (May 31, 2021): 149–61. http://dx.doi.org/10.21474/ijar01/12818.
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Thefinancialanalysishelpsinknowingthefinancialperformance ofthecompany. It also helps the company to predict the future profits and totake corrective measures to achieve them. The study is to analyze thefinancial performance of Reliance Industries Limited (RIL) for a periodof five years. The objective of the study is to determine the liquidity,profitability andturnover rate of RIL. The tool used to analyze thefinancial position of the company is Ratio analysis. The tool helps incomparing the financial status of the current year with past years andalso in providing few suggestions with which the company can improveto do better in the future. The data are collected from the secondarysources like annual reports, company websites and other reliable sites.From the analysis, we find that the company is lagging in various areas.Improving which will help the company to achieve its ideal ratios. Theprofitability and turnover ratios are better when compared to liquidityratios. The company was able to achieve the ideal ratios of profitabilityin few years but couldnt achieve the liquidity ratios even for a singleyear.Alsotheworkingcapitalturnoverhasbeennegativeforallthefiveyears. The company must improve to bring the working capital to apositive rate by decreasing its current liabilities. The current liabilitieshave always been more than the current assets which is not good for thecompany.
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Dorward, Caitlin, Sean Michael Smukler, and Kent Mullinix. "A novel methodology to assess land-based food self-reliance in the Southwest British Columbia bioregion." Renewable Agriculture and Food Systems 32, no. 2 (February 15, 2016): 112–30. http://dx.doi.org/10.1017/s1742170516000053.
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AbstractThere is a growing awareness that climate change, economic instability, resource limitations and population growth are impacting the capacity of the contemporary global food system to meet human nutrition needs. Although there is widespread recognition that food systems must evolve in the face of these issues, a polarized debate has emerged around the merit of global-versus-local approaches to this evolution. Local food system advocates argue that increasing food self-reliance will concomitantly benefit human health, the environment and local economies, while critics argue that only a globalized system will produce enough calories to efficiently and economically feed the world. This debate is strong in British Columbia (BC), Canada, where residents and food security experts have called for increased food self-reliance while the provincial government largely supports export-oriented agriculture. As elsewhere, however, in BC this debate takes place in absence of an understanding of capacity for food self-reliance. The few studies that have previously evaluated self-reliance in this region have been limited in their approach in a number of ways. In this study we use a novel methodology to assess current (2011) status of land-based food self-reliance for a diet satisfying nutritional recommendations and food preferences that accounts for seasonality of crop production and the source of livestock feed, and applied it to the Southwest BC bioregion (SWBC) as a case study. We found that agricultural land use in SWBC is dominated by hay, pasture and corn silage, followed by fruits and vegetables. Fruit and vegetable production comprise 87% of total food crop production in SWBC by weight, and a substantial amount is produced in quantities beyond SWBC need per crop type, representing an export focused commodity with limited contribution to food self-reliance. Results illustrate that SWBC is a major producer of livestock products, but these industries rely on feed grain imports. The production of feed grain could therefore be considered a major constraint on self-reliance; SWBC's total dietary self-reliance is 12% if discounting livestock feed imports or 40% if including them. Results demonstrate that a diet including foods that cannot be grown in the region or consumed fresh out of season, limits potential food self-reliance. Our methods reveal the value of factoring dietary recommendations and food consumption patterns into food self-reliance assessments and the necessity of accounting for the source of livestock feed to fully understand the self-reliance status of a region.
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Barker, Jeremy. "(Europe Section Alessandro Volta Award) The Journey Towards the Large-Scale Commercialization of Low-Cost and High Energy Density Na-ion Batteries." ECS Meeting Abstracts MA2022-02, no. 6 (October 9, 2022): 2494. http://dx.doi.org/10.1149/ma2022-0262494mtgabs.
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Na-ion batteries based on non-aqueous electrolytes represent an inexpensive and sustainable alternative to their Li-ion counterparts [1,2]. The cost advantage is particularly apparent at the present time as the prices of battery grade Li and Co precursor salts have spiraled upwards in the last 18 months. Faradion Limited is a UK-based company, founded in 2011 and from December 2021, part of Reliance Industries Limited of India*. It is commercializing its Na-ion battery technology in a number of large format applications. It has identified and developed a wide range of inexpensive and proprietary active materials and non-aqueous electrolyte systems which offer low manufacturing costs as well as outstanding electrochemical performance and intrinsic safety. Over the past 10 years the company has incorporated these materials into full-scale Na-ion cells to a point where battery performance characteristics such as energy density, rate capability and cycle life are competitive with commercial Li-ion technologies. The Faradion Na-ion prototype cells demonstrate low-capacity fade on cycling, coupled to low polarization and excellent columbic and energy (round-trip) efficiency and may be configured for both energy and power applications. The use of Al for both current collectors serves as an additional and significant cost and safety benefit and allows the cells to be stored and transported at 0 V (i.e. physically shorted) [3]. The Faradion Na-ion cells are manufactured on commercial Li-ion production lines using proven battery designs [4,5]. Pouch, cylindrical and prismatic cell designs have all been demonstrated successfully [6]. Faradion has worked with its commercial partners to scale-up its Na-ion cell chemistry to the 40 Wh and 90 Wh pouch cell level – see for example, figure 1. These cells deliver a cell level specific energy of over 150 Wh/kg and have been incorporated into a range of demonstrator energy storage applications, including E-bike, residential, renewables, telecoms and automotive [6]. Faradion’s technology roadmap indicates that a specific energy in excess of 190 Wh/kg will be accessible in the near future. Other key attributes such as low precursor costs, material sustainability and excellent temperature range, confirm that Faradion’s Na-ion battery technology will prove commercially successful in a range of large format applications [7]. Reference s: [1] J. Barker, M.Y. Saidi and J. Swoyer, Electrochem. Solid-State Chem. 6 (2003) A1 [2] K. Kubota and S. Komaba, J. Electrochem. Soc., 162 (2015) A2538. doi.org/10.1149/2.0151514jes [3] (a) A. Rudola, C.J. Wright and J. Barker, Energy Materials Advances, 2021 Article ID 9798460. doi.org/10.34133/2021/9798460 (b) J. Barker and C.J. Wright, Assignee: Faradion Limited. US Patent #11159027 [4] A. Bauer, J. Song, S. Vail, W. Pan, J. Barker and Y. Lu, Adv. Energy Materials, 1 2018, 1702869. doi.org/10.1002/aenm.201702869 [5] For example, J. Barker and R.J. Heap, Assignee: Faradion Limited, US Patent#9774035, US Patent #9917307, US Patent #1019628, US Patent #10115966, US Patent #10050271, US Patent #10399863 [6] (a) American Chemical Society, Chemical & Engineering News, July 20, 2015, Vol. 93, Issue 29. (b) American Chemical Society, Chemical & Engineering News, May 24, 2022, Vol. 100, Issue 19 [7] A. Rudola et al. J. Mater Chem A, 2021, 9, 8279-8302. doi.org/10.1039/D1TA00376C Footnote: [*] In late 2021, Faradion Limited was acquired by Reliance New Energy Systems Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (RIL) of India. Figure 1
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Kofi-Opata, Edwina. "Spatial Patterns and Trends in Energy Use and Consumption in Africa." Perspectives on Global Development and Technology 15, no. 4 (July 26, 2016): 406–18. http://dx.doi.org/10.1163/15691497-12341398.
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Energy lies at the core of every human activity and can be described as having a pervasive influence on all aspects of development making it one of the most important resources that belies the development of any given country. Developing countries on the other hand are constantly faced with the daunting task of providing its industries and citizens with energy in its various forms. The resulting effect is limiting economic development and by extension limited social development. In meeting this need, the Ghanaian populace have and continue to rely on traditional biomass amid associated risks and health complications. This article analyzes the factors accounting for the heavy reliance on traditional biomass in Sub Saharan Africa (ssa) with particular reference to Ghana and to determine if these factors promote a spatial pattern formation in energy use.
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Rishi, Bikramjit, Archit Kacker, and Shreya Gupta. "Entry of Reliance Jio in the telecom industry: a ripple in the ocean." Emerald Emerging Markets Case Studies 8, no. 3 (September 20, 2018): 1–17. http://dx.doi.org/10.1108/eemcs-07-2017-0167.
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Subject area Marketing Management, Marketing Strategy and Marketing Communication. Study level/applicability The case is targeted at students of post-graduation and under-graduation programs in Business Administration, specializing in Marketing Management or Marketing Strategy. Case overview Mukesh Ambani’s announcement about the launching of Reliance Jio at the 41st Annual General Meeting (AGM) of Reliance Industries Limited (RIL) in June 2015 sent shock waves in the telecom industry. Everyone, including the customers, competitors and the entire telecom industry, was excited to know whether Reliance Jio would be able to make a dent or fizzle out like a weak firecracker. Was it time for the top players to be worried and pull their socks up or will it be an inconsequential ripple in the ocean? Mukesh Ambani saw the telecom sector from a new viewpoint and proposed a complete set of solution in the form of Reliance Jio SIM card that addressed the different needs of customers through various applications. This has spread rumors of a merger between Idea and Vodafone in India, which can have a huge impact on Reliance Jio and the telecom sector in general. The profitability indicator that was earlier determined as the average revenue per user (ARPU) will continue to dominate. The companies will be scrambling to find different ways to increase the ARPU to maximize the returns. This would also lead to a downsize in the cost in such a way that their operations do not suffer and profitability is also not negatively affected. Expected learning outcomes To better understand the entry strategy of firms in highly volatile business situations. To know about the competitors and their contribution to the operational and strategic changes of a new entrant. To understand the proceedings associated with marketing communication for establishing a product in a highly competitive market. To know about the impact of joining hands with the competitors on a new entrant. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 8: Marketing.
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Bak, Ozlem. "Supply chain risk management research agenda." Business Process Management Journal 24, no. 2 (April 3, 2018): 567–88. http://dx.doi.org/10.1108/bpmj-02-2017-0021.
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Purpose Supply chain risk (SCR) has increasingly attracted academic and corporate interest; however, the SCR debate in academic literature is rather limited to case- and location-specific studies. Hence, the purpose of this paper is to utilize a systematic literature review (SLR) to explore the SCR research trends and gaps within the management literature. Design/methodology/approach To achieve the research objective an SLR, looking into 25 years since 1990, into supply chain risk management (SCRM) was conducted, which resulted in 114 papers. Findings While the SCRM literature is growing, results from the SLR identified limited organized understanding of what constitutes a holistic SCR process, and high reliance of particular categories for SCR, such as the high reliance on specific country settings (the USA and the UK); limited presence of cross competitive SCR process analysis and challenges in developing conceptual SCR frameworks. Research limitations/implications The SCR embeds categories of location, scope of supply chain, risk management tools, and the industry sectors involved. The search for related publications was mainly used from a wide range of coverage from accountancy to design in SCR; hence, although there is indication to specific industries, and foci of risk, this could be explored further. Practical implications This review of SCRM identifies various research gaps and directions for future research to develop theory and a practical understanding of SCR. Originality/value The current literature on SCR has been assessed based on its definition and utilization. The current paper bridges this gap by synthesizing the diverse academic journal papers into the categories based on the design continuum, relationship continuum, process continuum and economic continuum. In addition, it highlights the gaps in industry context, theoretical contribution, geographic location, and research methods applied and addresses the scope for further research.
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Aftab, Muhammad, Karim Bux Shah Syed, and Naveed Akhter Katper. "Exchange-rate volatility and Malaysian-Thai bilateral industry trade flows." Journal of Economic Studies 44, no. 1 (January 9, 2017): 99–114. http://dx.doi.org/10.1108/jes-05-2015-0091.
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Purpose After the fall of fix exchange rate regime in early 1970s, the nexus between the exchange rate volatility and trade flows has been of a great interest to the policy makers and researchers. Resultantly an extensive literature is available on the topic. However, the research findings are inconclusiveness so far. The purpose of this paper is to examine the exchange-rate volatility and bilateral industry trade link between the two important countries of Southeast Asia, i.e. Malaysia and Thailand. Design/methodology/approach This study employs Generalized Autoregressive Conditional Heteroskedasticity (GARCH) (1, 1) to measure exchange rate volatility and autoregressive distributed lag (ARDL) model to study the relationship between exchange rate volatility and trade flows. ARDL approach is suitable to accommodate the mix cases (i.e. stationary and first difference stationary). The paper considers 62 Malaysian exporting and 60 Malaysian importing industries with Thailand over the monthly period 2000-2013. Findings Findings suggest the influence of exchange-rate volatility on the trade flows in a limited number of industries. Large industries like instruments and apparatus experience negative influence from exchange-rate volatility. Originality/value Past literature continued to be inconclusiveness on the nexus between exchange-rate volatility and trade flows due to its over-reliance on the aggregated data. Besides, the past studies are more based on quarterly or yearly frequency data. These issues contribute to the aggregation bias. This research focusses on a country bilateral trade pair, using industry level disaggregated monthly data. Such research is rare in Malaysian-Thai bilateral trade context. This study uses a suitable estimation approach and also draws valuable implications.
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Purwar, Archana, Indu Chawla, Sarthak Jain, Rahul Malhotra, and Dhanesh Chaudhary. "Stock Recommendation and Trade Assistance." International Journal of Information Technology Project Management 13, no. 3 (July 1, 2022): 1–17. http://dx.doi.org/10.4018/ijitpm.313423.
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Investing in the stock market has never been an easy task. This paper develops a stock recommendation and trade assistance that uses the past performance of the stock to predict its future performance using linear regression model. Linear regression model has given an accuracy of 99.8% as compared to support vector machine (SVM) which resulted into an accuracy of 94.6%. Data set used under the study was extracted from the historic stock data of reliance industries limited (RIL). To analyze whether to buy or sell the stock, four financial algorithms, namely Bollinger bands, moving average convergence/divergence indicator (MACD), money flow index (MFI), and relative strength index (RSI) are employed to find the composite result. Moreover, sentiment analysis of the news depending upon the earning calls and the annual general meetings is done to provide an overall stock and market sentiment analysis. In-depth balance sheet analysis of the company is also done using various instruments to make the trade assistance more accurate. The values for WACC, D/E ratio, and NPV obtained are 14.99, 0.76, and 8.9 lakh crores for RIL.
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Hossain, Imam, Md Shihabul Islam, Rabeya Sultana, and Md R. Rahman. "IoT Based Home Automation System Using Renewable Energy." American Journal of Agricultural Science, Engineering, and Technology 6, no. 3 (November 2, 2022): 73–77. http://dx.doi.org/10.54536/ajaset.v6i3.820.
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Smart Homes are becoming a part of the Internet of Things, which is growing in applications across a wide range of industries. Current smart home systems have discrete features, low portability, limited updating capabilities, and a reliance on personal computers. The proposed system is expanded on renewable energy source from solar with monitoring and controlling website and mobile application. In this article, we recommend an Internet of Things-based smart home system for comfort, entertainment, and security. Smart home technologies using a smart home app on a smartphone or other connected device to control smart devices like security cameras, smart locks, automated doors, and electric appliances (light, fan, air cooler, air conditioner, washing machine, cooking oven, and so on), a user is able to control the comfort, security, convenience, and energy efficiency of their home. This technology will help to prevent wastage of electricity. Users will be able to reduce their total cost to a great extent and this technology will be a milestone in the overall development of the country. This system addresses these issues by utilizing renewable energy source, ESP 8266, and relay module and cloud computing technologies.
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Bhasin, Madan Lal. "MEASUREMENT AND DISCLOSURE OF INTELLECTUAL CAPITAL IN A DEVELOPING COUNTRY: An Exploratory Study." Australian Journal of Business and Management Research 02, no. 08 (September 11, 2012): 63–75. http://dx.doi.org/10.52283/nswrca.ajbmr.20120208a08.
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In today’s knowledge-based economy, measurement, management and disclosure of intellectual capital (IC) are very crucial for enhancing business performance and economic growth, both in manufacturing as well as service organizations. This study attempts to provide an insight into the style of IC disclosures and measurements done by the Indian companies. First, a longitudinal study was carried out to analyze how three Indian firms--Reliance Industries Limited, Balrampur Chini Mills and Shree Cement Limited--disclose their IC reports. Second, in order to survey the recent IC measurement scenario, we conducted another study of 8 Indian pharmaceutical companies in which the market value added (MVA) approach is applied for measuring IC on their 2004-05 to 2008-09 annual reports. Also, it seeks to measure the effectiveness of IC as compared to tangible assets (TA) for the selected companies. On an average, the selected pharmaceutical companies reported a positive value of IC; significant correlation has been noticed between TA and net operating profits. However, no significant difference was found between percentage of IC to MV and percentage of TA to MV. The results of longitudinal study confirmed that IC disclosure in these companies is almost negligible and its disclosure had not received any preference from the mentors of these corporations. IC reports may initially be used for ‘internal’ management purposes; but an ‘external’ stakeholder-focus of IC report should be the ultimate goal. Unfortunately, the omission of IC information may adversely influence the quality of decisions made by shareholders, or lead to material misstatements.
Books on the topic "Reliance Industries Limited"
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Mohnot, Sohan Raj. Reliance, an industrial legend. New Delhi, India: Centre for Industrial & Economic Research, 1987.
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Mahabharata In Polyester The Making Of The Worlds Richest Brothers And Their Feud. University of New South Wales Press, 2010.
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Baer, Werner. Brazil’s Import-Substitution Industrialization. Edited by Edmund Amann, Carlos R. Azzoni, and Werner Baer. Oxford University Press, 2018. http://dx.doi.org/10.1093/oxfordhb/9780190499983.013.5.
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This chapter examines the development of Brazil’s inward-oriented industrialization strategy, commonly termed “import-substitution industrialization” (ISI). Originating in the 1930s under the corporatist administration of Getúlio Vargas, by the 1960s the strategy had succeeded in transforming the structure of the Brazilian economy, turning it into a major industrial powerhouse. Successful though the strategy initially was in promoting growth and structural change, it nevertheless suffered from inherent flaws, notably its heavy reliance on imported inputs and a failure to produce and export efficient industrial sector. This chapter considers the achievements and failings of ISI in some detail and also discusses the results of attempts to reintroduce the strategy on a limited scale in the first decade of the 2000s.
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Dignam, Alan, and John Lowry. 3. Lifting the veil. Oxford University Press, 2018. http://dx.doi.org/10.1093/he/9780198811831.003.0003.
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Titles in the Core Text series take the reader straight to the heart of the subject, providing focused, concise, and reliable guides for students at all levels. This chapter discusses ‘lifting the veil’, a phrase that refers to situations where the judiciary or the legislature have decided that the separation of corporate personality from the members must not be maintained. In this case, the veil of incorporation is said to be lifted. ‘Lifting’ is also known as ‘peeping’, ‘penetrating’, ‘piercing’, or ‘parting’. The chapter presents statutory examples of veil lifting, many of which involve corporate group structures and others involve straightforward shareholder limitation of liability issues. It also considers cases of veil lifting by the courts as well as classical veil lifting during the periods of 1897 to 1966, 1966 to 1989, and 1989 to the present. Three cases are highlighted: Adams v Cape Industries (1990), Chandler v Cape Plc (2012), and Prest v Petrodel Industries Ltd (2013). The chapter also examines claims of tortious liability, the liability of a parent company for personal injury, and commercial tort. Finally, it looks at the costs and benefits of limited liability.
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Karapapa, Stavroula. Defences to Copyright Infringement. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198795636.001.0001.
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Defences to copyright infringement have gained increased significance over the past twenty years. The fourth industrial revolution emerged with the development of innovative copy-reliant services and business models, transforming the way in which copyright works can be used, from digital learning methods to mass digitization initiatives, media monitoring services, image transformation tools, and content mining technologies. The lawfulness of such innovative services and business methods, which arguably have the potential to enhance public welfare, is dubious and challenges copyright law. EU copyright contains specifically enumerated, narrowly drafted, and strictly interpreted defensive rules, often taking the form of the so-called exceptions and limitations to copyright. Because the fourth industrial revolution promises innovation and business growth—stated objectives of EU copyright—it invites an examination of defensive rules as a whole. The book adopts a holistic approach in its exploration of the limits of permissibility under EU copyright, including legislatively mentioned exceptions and limitations, doctrinal principles, and rules external to copyright, with a view to unveiling possible gaps and overlaps, offering a novel classification of defensive rules, and evaluating the adaptability of the law towards technological change. Discussing recent legislative developments, such as the provisions of the Digital Single Market Directive, Court of Justice of the European Union case law, and insights from national laws and cases, the book tells the story of copyright from the perspective of copyright defences, offering positivist and normative insights into law and doctrine and arguing towards a principle-based understanding of the scope of defences that could inform future law and policy making.
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Fuss, Sabine. The 1.5°C Target, Political Implications, and the Role of BECCS. Oxford University Press, 2017. http://dx.doi.org/10.1093/acrefore/9780190228620.013.585.
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The 2°C target for global warming had been under severe scrutiny in the run-up to the climate negotiations in Paris in 2015 (COP21). Clearly, with a remaining carbon budget of 470–1,020 GtCO2eq from 2015 onwards for a 66% probability of stabilizing at concentration levels consistent with remaining below 2°C warming at the end of the 21st century and yearly emissions of about 40 GtCO2 per year, not much room is left for further postponing action. Many of the low stabilization pathways actually resort to the extraction of CO2 from the atmosphere (known as negative emissions or Carbon Dioxide Removal [CDR]), mostly by means of Bioenergy with Carbon Capture and Storage (BECCS): if the biomass feedstock is produced sustainably, the emissions would be low or even carbon-neutral, as the additional planting of biomass would sequester about as much CO2 as is generated during energy generation. If additionally carbon capture and storage is applied, then the emissions balance would be negative. Large BECCS deployment thus facilitates reaching the 2°C target, also allowing for some flexibility in other sectors that are difficult to decarbonize rapidly, such as the agricultural sector. However, the large reliance on BECCS has raised uneasiness among policymakers, the public, and even scientists, with risks to sustainability being voiced as the prime concern. For example, the large-scale deployment of BECCS would require vast areas of land to be set aside for the cultivation of biomass, which is feared to conflict with conservation of ecosystem services and with ensuring food security in the face of a still growing population.While the progress that has been made in Paris leading to an agreement on stabilizing “well below 2°C above pre-industrial levels” and “pursuing efforts to limit the temperature increase to 1.5°C” was mainly motivated by the extent of the impacts, which are perceived to be unacceptably high for some regions already at lower temperature increases, it has to be taken with a grain of salt: moving to 1.5°C will further shrink the time frame to act and BECCS will play an even bigger role. In fact, aiming at 1.5°C will substantially reduce the remaining carbon budget previously indicated for reaching 2°C. Recent research on the biophysical limits to BECCS and also other negative emissions options such as Direct Air Capture indicates that they all run into their respective bottlenecks—BECCS with respect to land requirements, but on the upside producing bioenergy as a side product, while Direct Air Capture does not need much land, but is more energy-intensive. In order to provide for the negative emissions needed for achieving the 1.5°C target in a sustainable way, a portfolio of negative emissions options needs to minimize unwanted effects on non–climate policy goals.
Book chapters on the topic "Reliance Industries Limited"
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Nayak, Amar K. J. R. "Reliance Industries Limited." In Indian Multinationals, 206–45. London: Palgrave Macmillan UK, 2011. http://dx.doi.org/10.1057/9780230308718_7.
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Morelló Baget, Jordi, Pere Orti Gost, Albert Reixach Sala, and Pere Verdés Pijuan. "A study of economic inequality in the light of fiscal sources: the case of Catalonia (14th-18th centuries)." In Disuguaglianza economica nelle società preindustriali: cause ed effetti / Economic inequality in pre-industrial societies: causes and effect, 145–67. Florence: Firenze University Press, 2020. http://dx.doi.org/10.36253/978-88-5518-053-5.13.
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This essay aims to present the first results of an ongoing research project devoted to study the evolution of the economic inequality in Catalonia based on different documentary sources and parameters. Here we focus on the strengths and limits of the rich fiscal sources preserved between the 14th and 18th century allowing us an analysis of inequality. This study is limited to the period before 1716 because we do not consider totally reliable connecting data from taxes before this moment, essentially focused on immovable wealth, with those from the Cadastre, which was levied on a wide range of incomes.
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Rieß, Simon, Jonas Wiedemann, Sven Coutandin, and Jürgen Fleischer. "Secure Clamping of Parts for Disassembly for Remanufacturing." In Annals of Scientific Society for Assembly, Handling and Industrial Robotics 2021, 79–87. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-74032-0_7.
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AbstractRobot based remanufacturing of valuable products is commonly perceived as promising field in future in terms of an efficient and globally competitive economy. Additionally, it plays an important role with regard to resource-efficient manufacturing. The associated processes however, require a reliable non-destructive disassembly. For these disassembly processes, there is special robot periphery essential to enable the tasks physically. Unlike manufacturing, within remanufacturing there are End-of-Life (EoL) products utilized. The specifications and conditions are often uncertain and varying. Consequently the robot system and especially the periphery needs to adapt to the used product, based on an initial examination and classification of the part. State of the art approaches provide limited flexibility and adaptability to the disassembly of electric motors used in automotive industry. Especially the geometrical shape is a limiting factor for using state of the art periphery for remanufacturing. Within this contribution a new kind of flexible clamping device for the disassembly of EoL electrical motors is presented. The robot periphery is systematically developed regarding the requirements stemming from the remanufacturing approach. It consists of three clamping units with moveable pins. Utilizing two linear axes, a two dimensional working space is realized for clamping the parts depending on their conditions and shape.
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Hardy, Anne. "Introduction." In Tracking Tourists. Goodfellow Publishers, 2020. http://dx.doi.org/10.23912/9781911635383-4577.
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In the past twenty years we have seen changes in technology that have reconfigured the way in which tourists plan, travel, reflect and share experiences. These changes have caused us to reconsider how tourists travel and how they make decisions, as well as how destinations market themselves. The now ubiquitous use of mobile phones has been documented as being a major influence (Wang, Park and Fesenmaier, 2012). Yet, while large swathes of research have focused on the use of technology and the impact that technology has had upon tourists’ decision making, there is comparatively far less research that concentrates on using technology to understand where tourists travel to, and how they move between destinations and attractions. The tourism industry has been documented as lagging far further behind than other industries in its use of technology, particularly that which delivers research insights (Eccleston, Hardy and Hyslop, 2020). The reasons for this have not yet been explored in great detail, but they are quite possibly due to the fact that the tourism industry is dominated by small to medium sized businesses whose capacity for expenditure on the use of technology and research is limited, relative to other industry sectors such as mining and forestry. A second reason is that tourism is reliant on an element that is often far harder to control – people. Unlike sectors that use biological elements as their key resources, and can place sensors where needed without requiring consent, tourism’s reliance on humans and their interaction with technology makes tracking far more complex. A third reason is that tourism arguably lags behind other sectors because the methods available to the industry to track and understand mobility involve complex technology, and different methods require specialist analytical skills. The Director General of the World Health Organisation, Tedros Adhanom Ghebreyesus, argued that decision makers are facing an ‘infodemic’ as a result of large swathes of data being made available in order to assist understanding the impacts of the COVID-19 pandemic (Zarocostas, 2020). The plethora of options facing the industry in regards to which technology to use and how, is undoubtedly adding to this lag.
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Dhasarathan, Chandramohan, Shanmugam M., Shailesh Pancham Khapre, Alok Kumar Shukla, and Achyut Shankar. "Blockchain-Enabled Decentralized Reliable Smart Industrial Internet of Things (BCIIoT)." In Advances in Computer and Electrical Engineering, 192–204. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-3375-8.ch013.
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The development of wireless communication in the information technological era, collecting data, and transfering it from unmanned systems or devices could be monitored by any application while it is online. Direct and aliveness of countless wireless devices in a cluster of the medium could legitimate unwanted users to interrupt easily in an information flow. It would lead to data loss and security breach. Many traditional algorithms are effectively contributed to the support of cryptography-based encryption to ensure the user's data security. IoT devices with limited transmission power constraints have to communicate with the base station, and the data collected from the zones would need optimal transmission power. There is a need for a machine learning-based algorithm or optimization algorithm to maximize data transfer in a secure and safe transmission.
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van Santen, Rutger, Djan Khoe, and Bram Vermeer. "Robust Logistics." In 2030. Oxford University Press, 2010. http://dx.doi.org/10.1093/oso/9780195377170.003.0024.
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Our lives seem to revolve around schedules. If we don’t honor them with second-to-second precision, we miss our trains and our workplace rosters fall apart. We’re reliant on one another, and we constantly have to coordinate our schedules with those of others. Planning is crucial to our industry, too. If you unexpectedly run out of nuts and bolts, you can’t make any more cars, and the entire production process grinds to a halt. No manufacturer can afford that, so industrial companies employ large teams of specialists whose job is to ensure there are never any shortages of key parts. A worldwide logistic network has become our industry’s lifeblood. The central issue facing logistics is that of reliability. How do you keep your supply network intact? And how do you limit the consequences if it fails? These are questions that go far beyond the supply of nuts and bolts for new cars. Reliable logistics touches equally on the web of interactions that determine food production and the optimization of the Internet. It also extends to power supply, telecommunications, and workforce. Reliable networks make our society tick. But they face uncertainties of various kinds. That lends a broader significance to insights gained from industrial logistics, which offer us tools we can use to optimize networks and account for uncertainties in other areas as well. The reliability of a supply network is intimately bound up with the inventories you need to maintain. Businesses hold millions of dollars’ worth of supplies in their warehouses to make absolutely certain they never cease production due to a failure in the supply chain. So the key question is how large a stock do you need to hold of each component? Smart planning to hold down inventory levels in your warehouse generates immediate savings. On the other hand, you need enough stock to ensure continuity should anything go wrong. Optimizing storage is a common problem in supply networks. There is always a trade-off between the reliability of the network and the need for it to be profitable in an economic sense.
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Ulybina, Olga. "Russia’s green development." In Handbook of BRICS and Emerging Economies, 865–88. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198827535.003.0033.
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This chapter discusses the effect of the concepts of environmental sustainability, ecological safety, and green growth on the state of the natural environment and the lives of the people in Russia. The chapter focuses on trends and cases in environmental pollution (air, forests, water, and soil), climate change, the energy sector, and the Arctic. Over the three post-Soviet decades, Russia has gone through many changes in environmental governance. The main environmental achievements concern increased energy efficiency and a reduction in the extent of industrial pollution. However, overall progress towards a greener society has been slow, hindered by the reliance of the national economy on natural resource extraction, political inertia, limited public environmental control, poor law enforcement, and insufficient respect for civil rights. We highlight the policy gap in the area of environmental justice and frame ‘green growth’ problems as ‘environmental justice’ problems.
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Dignam, Alan, and John Lowry. "3. Lifting the veil." In Company Law, 29–50. Oxford University Press, 2020. http://dx.doi.org/10.1093/he/9780198848455.003.0003.
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Titles in the Core Text series take the reader straight to the heart of the subject, providing focused, concise, and reliable guides for students at all levels. This chapter discusses ‘lifting the veil’, a phrase that refers to situations where the judiciary or the legislature have decided that the separation of corporate personality from the members must not be maintained. In this case, the veil of incorporation is said to be lifted. ‘Lifting’ is also known as ‘peeping’, ‘penetrating’, ‘piercing’, or ‘parting’. The chapter presents statutory examples of veil lifting, many of which involve corporate group structures and others involve straightforward shareholder limitation of liability issues. It also considers cases of veil lifting by the courts as well as classical veil lifting during the periods of 1897 to 1966, 1966 to 1989, and 1989 to the present. Three cases are highlighted: Adams v Cape Industries (1990), Chandler v Cape Plc (2012), and Prest v Petrodel Industries Ltd (2013) as well as important recent case development. The chapter also examines claims of tortious liability, the liability of a parent company for personal injury, and commercial tort. Finally, it looks at the costs and benefits of limited liability.
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Omar, Abdul Malik. "The Whole-of-Nation Approach." In Handbook of Research on Global Challenges for Improving Public Services and Government Operations, 291–309. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4978-0.ch015.
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Microstates face innumerable challenges in braving the 21st century. Limited resources, a small geography, and a small population are just some of the constraints faced. None is more so pressing that the case of Brunei Darussalam, where its heavy reliance on Oil and Gas may have afforded it economic prosperity and political stability since its independence in 1984, but the changes in market structure and global forces have resulted in it facing serious issues, such as its increasing unemployment rate. The Government of Brunei have taken steed in the advice of Sultan Haji Hassanal Bolkiah to unify the body politic through the “Whole-of-Nation” approach and bring about the harmonious constellation of state actors and non-actors, from both the formal and informal sectors, to realizing the country's ambitious Wawasan 2035 and to adapt to the 4th Industrial Revolution. This work will unpack whether the Government has been successful in its efforts to do so. Policy recommendations will also be presented.
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Dignam, Alan, and John Lowry. "3. Lifting the veil." In Company Law, 26–45. Oxford University Press, 2022. http://dx.doi.org/10.1093/he/9780192865359.003.0003.
Full textAbstract:
Titles in the Core Text series take the reader straight to the heart of the subject, providing focused, concise, and reliable guides for students at all levels. This chapter discusses ‘lifting the veil’, a phrase that refers to situations where the judiciary or the legislature have decided that the separation of corporate personality from the members must not be maintained. In this case, the veil of incorporation is said to be lifted. ‘Lifting’ is also known as ‘peeping’, ‘penetrating’, ‘piercing’, or ‘parting’. The chapter presents statutory examples of veil lifting, many of which involve corporate group structures and others involve straightforward shareholder limitation of liability issues. It also considers cases of veil lifting by the courts as well as classical veil lifting during the periods of 1897 to 1966, 1966 to 1989, and 1989 to the present. Four cases are highlighted: Adams v Cape Industries (1990), Chandler v Cape Plc (2012), Prest v Petrodel Industries Ltd (2013), and Hurstwood Properties (A) Ltd and others v Rossendale Borough Council and another (2021) as well as important recent case development. The chapter also examines claims of tortious liability, the liability of a parent company for personal injury, and commercial tort. Finally, it looks at the costs and benefits of limited liability.
Conference papers on the topic "Reliance Industries Limited"
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Sunkara, Nageswara, and Sankar Dayal Theenadhayalan. "Conceptual Design of Dahej-Nagothane Ethane Pipeline in India." In ASME 2019 India Oil and Gas Pipeline Conference. American Society of Mechanical Engineers, 2019. http://dx.doi.org/10.1115/iogpc2019-4512.
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Reliance Industries Limited (RIL) planned to import liquid Ethane from North American market for use as feedstock in Gas Crackers at Dahej Manufacturing Division (DMD), Hazira Manufacturing Division (HMD) in the state of Gujarat and Nagothane Manufacturing Division (NMD) in the state of Maharashtra. Liquid Ethane was planned to be unloaded at GCPTCL (Gujarat Chemical Port Terminal Company Limited) Jetty and stored in cryogenic tank in DMD. For use in NMD and HMD, it was proposed to transport Ethane via a dedicated pipeline traversing through the states of Gujarat and Maharashtra and deliver at respective gas crackers of HMD and NMD in a direct usage mode as no storage facilities for Ethane were envisaged at delivery locations. Reliance Gas Pipelines Limited (RGPL), a wholly owned subsidiary of RIL implemented the Asia’s 1st liquid Ethane Pipeline project as “Dahej - Nagothane Ethane Pipeline Project” (DNEPL) and successfully commissioned the pipeline in September, 2018. This paper presents the Conceptual Design of the project including selection of phase of transportation, pipeline configuration in terms of pipeline size, no. of pump stations, spacing of main line valves (MLV’s), operating conditions, material of construction and emergency evacuation requirements of Ethane during long haul transportation.
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Vyas, Sandeep. "Internal Corrosion Monitoring System Selection for Cross Country Natural Gas Pipeline: A Case Study of SHPPL." In ASME 2015 India International Oil and Gas Pipeline Conference. American Society of Mechanical Engineers, 2015. http://dx.doi.org/10.1115/iogpc2015-7945.
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Reliance Gas Pipelines Limited (RGPL) is currently implementing a gas pipeline project from Shahdol, Madhya Pradesh to Phulpur, Uttar Pradesh for evacuation of gas produced from Coal Bed Methane (CBM) blocks owned by Reliance Industries Ltd. This pipeline will be hooked up with GAIL’s HVJ Pipeline at Phulpur. Over all Pipeline system includes 312 km (approx.) long trunk line, and associated facilities such as Compressor Station at Shahdol, Intermediate Pigging facilities, Metering & Regulating facilities at Phulpur and 12 No. Mainline valve stations. Gas produced from CBM blocks will be dehydrated within Gas Gathering Station facilities of CBM Project located upstream of pipeline Compressor station at Shahdol. Gas received at pipeline battery limit is dry and non-corrosive gas in nature, Internal corrosion is not expected in normal course of operation, however internal corrosion of the natural gas pipeline can occur when the pipe wall is exposed to moisture and other contaminants either under process upset conditions or under particular operating conditions. Even though internal corrosion is not expected during normal course of operations, to take care of any eventuality, it is proposed to implement Internal Corrosion Monitoring (ICMS) system in this project. ICMS will provide an efficient and reliable means of continuous monitoring internal corrosion. Internal Corrosion Monitoring (ICMS) system is used as a part of overall integrity management framework; to achieve two objectives viz., verify the corrosive behaviour of gas and to verify the efficacy of applied preventive actions. Philosophy involved in evaluating a suitable CM technique would include : • Applicable corrosion damage mechanisms, anticipated corrosion rates and probable locations. • Suitable CM technique and location based on process condition, system corrosivity, water content, pigging facilities, available corrosion allowance, design life, maintenance etc., • Measurement frequency. Some of the Corrosion Monitoring techniques used for pipeline and of relevance are: • Weight-loss Corrosion Coupons (CC), • Electrical Resistance probes (ER), • Linear Polarization Resistance Probe (LPR) • Ultrasonic Thickness Measurement (UT) • Sampling Points (SP) This paper discusses the merits / demerits of these corrosion monitoring techniques, considerations for selecting a specific technique for the Shahdol – Phulpur Gas Pipeline Project and highlights the implementation of the internal corrosion monitoring system.
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Honarpardaz, Mohammadali, Mehdi Tarkian, Xiaolong Feng, Daniel Sirkett, and Johan Ölvander. "Generic Automated Finger Design." In ASME 2016 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. American Society of Mechanical Engineers, 2016. http://dx.doi.org/10.1115/detc2016-60514.
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Finger design automation for grippers is one of the areas of highest interest for robot industries. The few studies that have been carried out in the finger design automation research area are limited to objects with specific geometrical properties (e.g. polyhedral). This paper introduces the Generic Automated Finger Design (GAFD) method that contains the essential key processes for automatic design of reliable fingers. The proposed method is implemented on two geometrically complex workpieces and appropriate fingers are designed. The results are discussed in detail and benchmarked against existing approaches.
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Cho, Uichung, Kristin L. Wood, and Richard H. Crawford. "Novel Empirical Similarity Method for the Reliable Product Test With Rapid Prototypes." In ASME 1998 Design Engineering Technical Conferences. American Society of Mechanical Engineers, 1998. http://dx.doi.org/10.1115/detc98/dac-5605.
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Abstract Contemporary industries are devoting increasing attention to the product development process, due to tight market shares and the abridged product life cycle. Reliable scaled product testing with rapid prototypes has the potential to improve these processes by replacing traditional costly and time-consuming product tests. In this context, rapid prototypes provide visual, ergonomic, and functional information with minimal time delay. Among the information classes, reliable functional information is least realized because of several features of rapid prototypes: (1) limited material choices and part size; (2) distinct material structure; (3) restrictive loading conditions; and (4) state-dependent material properties. To develop reliable functional tests, an improved similarity method is needed to overcome these limitations. The traditional similarity method, based on a Buckingham П approach, is commonly applied to perform scaled tests. In contrast to this method, wherein the state transformation between two similar systems is derived from dimensional vectors, we present a new similarity method that empirically derives the transformation from a geometrically simple specimen pair. The primary advantage of the new method over the traditional method is the capability to relate highly distorted systems. In this paper, the concept and theoretical framework of the novel similarity method are introduced, and two numerical examples demonstrate the new method.
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Bohrer, Markus, Dieter Schuöcker, and Heinz Basalka. "Industrial fast flow coaxial high power CO2-laser." In The European Conference on Lasers and Electro-Optics. Washington, D.C.: Optica Publishing Group, 1996. http://dx.doi.org/10.1364/cleo_europe.1996.cthi40.
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Due to the fact that there is a need in the industry for compact and reliable laser sources with high beam power, the demands for efficiency and stability have to be input factors for the design process, as well as high output power and good beam quality. Hence a new coaxial CO2 laser with fast axial gas flow, which satisfies all these requirements, has been developed and realised at the Technical University of Vienna in cooperation with an Austrian company. After two years of design and development, output powers up to 7 kW and diameters of the focused beam down to 300µm could be achieved with one single module. Besides the availability of new and improved mirrors and an ultra strong turboblower, the simplicity of this laser concept made it possible to build up a size-reduced and cost saving industrial laser device. However due to the high RF power input of 5*104 W in a small spatially limited coaxial discharge volume, a lot of mechanical, optical and thermodynamical investigations for the improvement of RF-matching, plasma performance and resonator stability have been necessary. In detail a very accurate thermodynamical analysis has been carried out. Numerical evaluation of the resonator has proved necessary to provide operation stability and satisfactory beam quality for industrial applications.
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Vathi, Maria, Spyros A. Karamanos, Ioannis A. Kapogiannis, and Konstantinos V. Spiliopoulos. "Performance Criteria for Liquid Storage Tanks and Piping Systems Subjected to Seismic Loading." In ASME 2015 Pressure Vessels and Piping Conference. American Society of Mechanical Engineers, 2015. http://dx.doi.org/10.1115/pvp2015-45700.
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In this paper, performance criteria for the seismic design of industrial liquid storage tanks and piping systems are proposed, aimed at defining a performance-based design framework towards reliable development of fragility curves and assessment of seismic risk. Considering “loss of containment” as the ultimate damage state, the proposed performance limits are quantified in terms of local quantities obtained from a simple and efficient earthquake analysis. Liquid storage tanks and the corresponding principal failure modes (elephant’s foot buckling, roof damage, base plate failure, anchorage failure and nozzle damage) are examined first. Subsequently, performance limits for piping systems are presented in terms of local strain at specific piping components (elbows, Tees and nozzles), against ultimate strain capacity (tensile and compressive) and low-cycle fatigue. Modeling issues for liquid storage tanks and piping systems are also discussed, for an efficient analysis that provides reliable estimates of local strain demand. These models are compared successfully with available experimental data. Using those reliable numerical models, the proposed performance limits are applied in two case studies: (a) a liquid storage tank and (b) a piping system, both located in areas of high seismicity.
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Yang Yang*, Chao, and Yi Chi Fu. "Using Prototype Heuristics in Reverse Innovation Engineering as An Effective Process for Design-Based Learning." In Human Systems Engineering and Design (IHSED 2021) Future Trends and Applications. AHFE International, 2021. http://dx.doi.org/10.54941/ahfe1001147.
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Design-Based Learning (DBL) teaching can induce critical thinking and improve problem solving. Design is considered as a cognitive process in which we are dealing complicated message under abstractive problem definition. However, students are struggle as their limited experience. This research develops a multidisciplinary curriculum for effectively learning innovative proposition by reverse-engineering design thinking patterns. Totally, 36 students in the industrial design of Tatung University were the experimental subjects, 18 of whom comprised the experimental group. The design process teaching of reverse engineering and prototype-heuristics cards the research teams designed was used as the guide. After the project, the students in the experimental group were able to think more effectively, learn to change the design parameters, and focus more quickly on the knowledge that should be self-learning, and the tools allows students to synchronize their ideas with those of their teachers, whereby students can reduce their reliance on teachers’ suggestions.
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Bohrer, M., H. Basalka, T. Le, and D. Schuocker. "The Zig-Zag Resonator of the Coaxial High Power 6 kW CO2-Laser in Comparison to the Resonator With a Toroidal Mirror." In The European Conference on Lasers and Electro-Optics. Washington, D.C.: Optica Publishing Group, 1998. http://dx.doi.org/10.1364/cleo_europe.1998.ctui33.
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A new high power CO2-laser with a coaxial resonator has been developed for industrial welding applications. The resonator is due to the philosophy of this product - to be cheap and reliable - very simple. A toroidal end mirror and a plane outcoupling window is used. The focus radius is limited to about 200 μm, which is typical for welding. An experimental setup of an alternative resonator has been developed. This resonator is a zig-zag resonator with eight or ten folding mirrors on each side. The beam has a gaussian mode. Therefore of course this laser can do cutting applications in high quality. Theoretical consideration are discussed in comparison to experimental results.
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Kaldellis, J. K., and P. D. Ktenidis. "High Turning Limit and Jet Like Profiles in Secondary Flow Field of Axial Turbines." In ASME 1990 International Gas Turbine and Aeroengine Congress and Exposition. American Society of Mechanical Engineers, 1990. http://dx.doi.org/10.1115/90-gt-327.
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The evolution of the secondary flow field in cases of axial turbine bladings is examined in the present work. Our secondary flow calculation method is successfully used, in an improved form including the complete meridional vorticity transport equation, to predict common viscous flow phenomena in axial turbines, such as high turning of the flow direction and jet-like velocity profiles. The method used, although close to the parabolized Navier-Stokes approach, preserve several integral approximations thus minimizing the computer time required as compared to equivalent differential approaches. Our method provide fast and reliable tools for industrial applications with results comparable to those obtained by the differential solutions of the Navier-Stokes equations. Several test cases, covering a wide deflection angle and acceleration ratio range, are analyzed. The results, concerning the secondary flow field, are very encouraging and Justify the choice of using approximate methods to estimate viscous phenomena in axial turbines.
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Zhang, Shun, Ligang Lu, Huihui Yang, Kuochen Tsai, and Mohamed Sidahmed. "Accelerating Pipeline Corrosion Modeling via Bayesian Active Learning." In SPE Annual Technical Conference and Exhibition. SPE, 2022. http://dx.doi.org/10.2118/210061-ms.
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Abstract Pipeline corrosion poses significant challenges and risks to the energy industry and its mitigation requires extensive and reliable predictive modeling. Corrosion models based on computational fluid dynamics (CFD) stands as a desirable candidate for its detailed physical characterization and modeling flexibility, but its applications in practical industrial settings is limited by the high computational cost and laborious manual operation in the modeling and sampling process. To address these challenges, we propose a Bayesian active learning method. The method consists of a surrogate model formulated using Gaussian process regression (GPR) to provide rapid model prediction as well as uncertainty quantification, and an adaptive sampling scheme to automate and accelerate the data collection process. Careful dimension reduction guided by both physics and data is also carried out to significantly simplify the sampling space. The capability of the overall method for efficient and automated sampling and surrogate modeling is demonstrated on an example case of corrosion predictive modeling and can be leveraged in industrial applications at a much larger scale.
Reports on the topic "Reliance Industries Limited"
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Kolodziejczyk, Bart. Unsettled Issues Concerning the Use of Green Ammonia Fuel in Ground Vehicles. SAE International, February 2021. http://dx.doi.org/10.4271/epr2021003.
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While hydrogen is emerging as a clean alternative automotive fuel and energy storage medium, there are still numerous challenges to implementation, such as the economy of hydrogen production and deployment, expensive storage materials, energy intensive compression or liquefaction processes, and limited trial applications. Synthetic ammonia production, on the other hand, has been available on an industrial scale for nearly a century. Ammonia is one of the most-traded commodities globally and the second most-produced synthetic chemical after sulfuric acid. As an energy carrier, it enables effective hydrogen storage in chemical form by binding hydrogen atoms to atmospheric nitrogen. While ammonia as a fuel is still in its infancy, its unique properties render it as a potentially viable candidate for decarbonizing the automotive industry. Yet, lack of regulation and standards for automotive applications, technology readiness, and reliance on natural gas for both hydrogen feedstocks to generate the ammonia and facilitate hydrogen and nitrogen conversion into liquid ammonia add extra uncertainty to use scenarios. Unsettled Issues Concerning the Use of Green Ammonia Fuel in Ground Vehicles brings together collected knowledge on current and future prospects for the application of ammonia in ground vehicles, including the technological and regulatory challenges for this new type of clean fuel.
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Glick, Mark, Gabriel A. Lozada, and Darren Bush. Why Economists Should Support Populist Antitrust Goals. Institute for New Economic Thinking Working Paper Series, December 2022. http://dx.doi.org/10.36687/inetwp195.
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Antitrust economists have generally supported the Consumer Welfare Standard as a guide to antitrust policy questions because of its origins in Marshall’s consumer surplus approach and the general economic surplus approach to welfare economics. But welfare economists no longer support the surplus approach because decades of research pertaining to the surplus approach have uncovered numerous inconsistencies and serious ethical challenges. However, the surplus approach to welfare survives in industrial organization textbooks and among industrial organization economists that specialize in antitrust. We argue in this paper that the Consumer Welfare Standard is not a reliable standard and should be abandoned. We cite several reasons: (1) it limits antitrust goals a priori without any defensible justification, (2) it considers all transfers of surplus between stakeholders in antitrust cases to be welfare neutral, (3) it is biased in favor of big business and the rich, and (4) the accumulation of inconsistencies and problems documented by welfare economists renders the theory completely unreliable. In a final section of the paper, we preliminarily contend that modern research in welfare economics concerning the factors that influence human welfare could be used to inform a more progressive standard for determining antitrust goals.