ISET President hosts business-starting discussion
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ISET continues to challenge its BA students to think about economics and apply knowledge gained during the studies in everyday life. On October 19, 2017 Eric Livny, President of ISET and BA Program Director, conducted a very intriguing discussion on how to start a business in Georgia and what factors one has to initially take into account. The discussion centered on a real case study of a successful Georgian company and aimed to introduce the importance of transportation costs, technology, the availability of raw materials and fixed costs in real life. Mr. Livny illustrated to the students how concepts and plans transcend from theory to practice and encouraged them to challenge themselves and scrutinize their own ideas. In addition, the students had to think about the importance of mistakes in the business sector, which led to a lively but productive debate.
Stanford’s New Heat Recovery System
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Stanford University has recently started using a new heat recovery system. A large research campus such as Stanford University, requires a substantial amount of energy to operate, resulting in a significant amount of Greenhouse Gas emissions and high operating costs, which makes a management of resources a priority.
After a detailed review of campus energy use, researchers identified a simultaneous need for heating and cooling in the university campus. Different rooms require different temperatures depending on what kind of equipment and activities are taking place there. For example, in office spaces temperature needs to be higher than in computer labs. Researchers studied how to collect wasted heat - which is the heat emitted as a byproduct by office equipment during its working process - generated within a building and reuse it in another where more heat is required. This, known as a reheat process, is accomplished through the building hot water hydraulic system, developed by Stanford researchers under the Stanford Energy System Innovation (SESI) project.
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