CERN Document Server

This paper is concerned with the study of insurance related derivatives on financial markets that are based on non-tradable underlyings, but are correlated with tradable assets. We calculate exponential utility-based indifference prices, and corresponding derivative hedges. We use the fact that they can be represented in terms of solutions of forward-backward stochastic differential equations (FBSDE) with quadratic growth generators. We derive the Markov property of such FBSDE and generalize results on the differentiability relative to the initial value of their forward components. In this case the optimal hedge can be represented by the price gradient multiplied with the correlation coefficient. This way we obtain a generalization of the classical 'delta hedge' in complete markets.

CERN Document Server

In the insurance industry, spreadsheets have emerged as an invaluable tool to for product pricing, because it is relatively straightforward to create and maintain complex pricing models using Excel. In fact, Excel is often preferred to "hard-code" whenever there are frequent changes to the calculations and business logic which under-pin the pricing of an insurance product. However, problems arise as soon as spreadsheets are deployed to end-users: version control, security of intellectual property, and ensuring correct usage are obvious issues; frequently, integration with other systems is also a requirement. Zurich Financial Services Group is a leading financial services provider; several possible solutions to these problems have been evaluated, and EASA has been selected as the preferred technology. Other spreadsheet collaboration approaches which were considered include Excel Services, and/or ...

Science.gov (United States)

However, market based pricing does not apply where the pricing requirements for specific services or .... Market based pricing only applies to the extent ...

Energy Technology Data Exchange (ETDEWEB)

An optimization criterion accounting for the energy and material consumption is defined. The allowed limits of the variations in the technological factors are discussed and the optimization criterion values within these limits are calculated. The analysis presented, demonstrating the significance of the chosen factors for the production cost-price, is of great practical importance. (orig.).

International Nuclear Information System (INIS)

An attempt to develop a simple framework for financial evaluation of renewable energy technologies (RETs) such as photovoltaic (PV) pump, windmill pump, biogas and producer gas-driven dual fuel engine pumps for irrigation water pumping has been made. The unit cost of water and unit cost of useful energy delivered by the RETs have been estimated. The monetary benefits that accrued to the end-user have been quantified in terms of the amount of diesel or electricity saved. Financial figures of merit for the investments made in the RETs have been estimated. The effect of fuel price escalation on these measures of financial performance has also been evaluated along with the estimation of the break-even prices of fuels likely to be substituted by RETs. Results of some exemplifying calculations are presented and briefly discussed.

Energy Technology Data Exchange (ETDEWEB)

In light of the recent rapid increase in the fossil fuel prices it is meaningful to evaluate the impact of these price changes in the economics of dual-purpose desalination projects producing electricity and fresh water simultaneously. The price of crude oil and LNG (Liquefied Natural Gas) has increased by about 200% and 100% during the past three or four years. The uranium price has also increased by nearly 500% during the same period. The purpose of this paper is to analyze and compare the economics of SMART (System-integrated Modular Advanced ReacTor) which is being developed as a small size PWR type and the LNG Combine Cycle coupled with MED (Multi-Effect Distillation) which are being acknowledged as promising energy sources for the future in Korea. The methods of analysis used in this paper are the lifetime leveled cost method for the power and water cost calculation and the ...

International Nuclear Information System (INIS)

Many countries are liberalizing their energy markets. Participants in these markets are exposed to market risk due to the characteristics of electricity price dynamics. Electricity prices are known to be mean-reverting very volatile and subject to frequent spikes. Models that describe the dynamics of electricity prices should incorporate these characteristics. In order to capture the price spikes, many researchers have introduced stochastic jump processes, but we argue and show that this specification might lead to potential problems with specifying the true amount of mean-reversion within the process. In this paper, we propose a regime-switching model that models price spikes separated from normal mean-reverting prices.

Energy Technology Data Exchange (ETDEWEB)

This report for the Swiss Federal Office of Energy (SFOE) presents the results of a study carried out on the Norwegian electricity market 10 years after its liberalisation. The similarity of the Norwegian market to the Swiss electricity market is discussed. Similarly to the proposed situation in Switzerland, the liberalisation in Norway foresaw no privatisation of public utilities and a model for the regulation of grid access was introduced. The report describes and comments on the various phases in which the liberalisation occurred and examines the various instruments used, e.g. to ensure that individual grid operators did not make undue profits from their monopoly. The methods used for the monitoring of grid operators' costs are described and the mechanisms involved in the definition of prices for grid services are examined, including measures taken when profits were too high or too low. The report is concluded with a discussion of the conclusions that ...

International Nuclear Information System (INIS)

The electricity sector is Canada's largest single source of greenhouse gas (GHG) emissions. This paper discussed electricity and carbon pricing approaches to reducing GHG emissions in the electricity sector. An overview of the links between electricity pricing and climate change was presented, and current and emerging trends in electricity pricing related to encouraging energy conservation were reviewed. Market prices and failures were discussed. Approaches to pricing electricity included an increase in block prices; time-of-use prices; demand-side management and energy efficiency; and carbon pricing in Canada and electricity pricing signals. The study showed that several provincial utilities in Canada are experimenting with market-based pricing approaches for electricity and ...

International Nuclear Information System (INIS)

This paper shows that a stochastic regime-switching model can represent the volatile behavior of wholesale electricity prices associated with price spikes effectively. The structure of the model is very flexible because the mean prices in the two regimes and the two transition probabilities are functions of the load and/or the implicit reserve margin. Using price data from the single settlement market in PJM (May 1999 to May 2000), the results show that the estimated switching probability from the low to the high regime predicts price spikes well if the reserve margin is measured accurately.

Science.gov (United States)

This paper builds upon previous work [Sprigg and Ehlen, 2004] by introducing a bond market into a model of production and employment. The previous paper described an economy in which households choose whether to enter the labor and product markets based on wages and prices. Firms experiment with prices and employment levels to maximize their profits. We developed agent-based simulations using Aspen, a powerful economic modeling tool developed at Sandia, to demonstrate that multiple-firm economies converge toward the competitive equilibria typified by lower prices and higher output and employment, but also suffer from market noise stemming from consumer churn. In this paper we introduce a bond market as a mechanism for household savings. We simulate an economy of continuous overlapping generations in which each household grows older in the course of the simulation and continually revises its target level of savings according ...

International Nuclear Information System (INIS)

Being based on the Segal method, calculation was carried out for the natural uranium nuclear fuel cost with Zircaloy-4 cladding having design parameters of Wolsung Nuclear Power Plant, CANDU-PHWR (Unit 1), currently under construction in Korea aiming at its completion in 1982. An attempt was also made for the sensitivity analysis of each fuel component; i.e., depreciation of fuel manufacturing plant caused by its life time, its load factor, production scale expansion of plant facilities, variations of construction and operating costs of fuel manufacturing plant, fluctuation of interest rates, extent of uranium ore price increases and effect of learning factor. (author).

Energy Technology Data Exchange (ETDEWEB)

In 1991 the Federal Energy Regulatory Commission (FERC) continued it efforts to restructure the electric utility industry, emphasizing market-based pricing of wholesale power transactions and transmission access and pricing. Other issues covered in this report include pricing and policy initiatives, filing procedures, the generic rate of return on common equity, the price squeeze, contract interpretation, and legislative developments.

Energy Technology Data Exchange (ETDEWEB)

The Demand 80/81 forecasts cover each sector of the economy and are conditional upon alternative assumptions concerning national economic growth, energy prices, other prices, and conservation policy. The forecasts also include forms of energy other than electricity to provide a comprehensive energy picture. Although the forecasts proceed through time in one-year increments, their primary focus is on the period from 1985 to 2000. The forecasts are based on twelve sets of alternative assumptions, or scenarios. A forecast of economic growth and nonenergy variables is used to drive the model to 12 different conditional forecasts. These represent four sets of price assumptions and three sets of non-price conservation assumptions. The price assumptions are: high, baseline, low and constant 1976, which - because of the inverse relationship between prices and ...

British Library Electronic Table of Contents (United Kingdom)

This study examines the degree of price-integration of equity indices between the major markets of Africa, namely Morocco, Tunisia, Egypt, Kenya, Nigeria, Namibia and South Africa with the European markets of London and Paris. Vector Autoregressive and Autoregressive Distributed Lag methods reveal that African markets are largely price-segmented. The only markets that are price-integrated have shared economic and financial institutions, such as Namibia and South Africa, and Egypt, Tunisia and France. The evidence suggests that development policy should be focussed on enhancing existing institutions rather than embarking prematurely on regional integration.

Energy Technology Data Exchange (ETDEWEB)

A computer program for optimization of modular cogeneration plants is introduced. Computer calculation fundamentals are discussed referring to examples which elucidate the verification of the calculated data by measured data or empirical values. The results obtained as one optimizes plants by varying their size or by splitting them into modules are introduced referring to examples. Sensitivity analyses are made to investigate the influence of parameters such as fuel prices, electricity tariffs and interest rates. (orig.) [Deutsch] Im vorliegenden Beitrag wird ein Computerprogramm zur Optimierung von BHKW-Anlagen vorgestellt. Zunaechst werden in einem ersten Schritt die Berechnungsgrundlagen an einem Beispiel in Hinblick auf ihre Ueberpruefung durch Messdaten oder durch Erfahrungswerte diskutiert. Dann werden in einem zweiten Schritt exemplarisch die Ergebnisse einer Optimierung durch Variation der Gesamtanlagengroesse auf ...

International Nuclear Information System (INIS)

This paper presents a spatial gaming model with price caps for deregulated electricity markets. There has been heated debate on price caps that have been enforced in deregulated electricity markets. Opponents argue that price caps may send wrong economic signals while advocates argue that price caps are good for damping market power. This paper does not intend to take a stand in the argument. Given the fact that price caps are enforced in several deregulated regional electricity markets in the US, a logical step is to reflect this reality in gaining modeling. However, current gaining models have not included any price cap formulation. This paper is the first one to address the issue. DC power flow equations are used for representing the spatial nature of an electrical network. An algorithm is proposed to find a generalized Nash equilibrium under the enforcement ...

Energy Technology Data Exchange (ETDEWEB)

With the introduction of competition and diversification into retail utility services, rate-making methods are being rethought. Rates that are strictly cost-based may be too slow in responding to changes within the utility industry. And the advent of independent power production as a significant source of energy calls for greater flexibility in pricing of wholesale utility services as well. Various deregulation or reregulation plans have been formulated, including both price cap and price floor proposals. Some regulatory authorities have embraced market-based pricing over cost-based methods as the best solution to pricing problems. This article addresses Federal Energy Regulatory Commission response to market-based rates.

Energy Technology Data Exchange (ETDEWEB)

The purpose of this report is to determine if it is feasible to utilize the hot exhaust gas discharged from gas turbines in direct applications. This report illustrates the technical feasibility and economic viability of using gas turbines in drying applications. The size of turbines in this investigation ranges from 2 MW to 10 MW. In addition, an implementation strategy has been developed to employ this new system. The method used to structure the scope of this undertaking is as follows: Step 1. Collecting information by contacting dryer manufacturer and companies drying different products. Information was also gathered by literature studies and the internet. Thomas register is a great tool when it comes to company and market searches. Step 2. Looking into if it is technically possible to use the exhaust gas directly into dryers. The parameters needed for these calculations were gathered in step 1, and some of the more important are temperature, mass flow, heat ...

International Nuclear Information System (INIS)

Non-linear autoregressive Markov regime-switching models are intuitive. Time-series approaches for the modelling of electricity spot prices are frequently proposed. In this paper, such models are compared with an ordinary linear autoregressive model with regard to their forecast performances. The study is carried out using German daily spot-prices from the European Energy Exchange in Leipzig. Four non-linear models are used for the forecast study. The results of the study suggest that Markov regime-switching models provide better forecasts than linear models. (author)

Energy Technology Data Exchange (ETDEWEB)

Inhalation of radon and its daughter products makes the major contribution to the total exposure of the population to natural radiations. In implementing a complex ecological survey, concentrations of radon and its daughter products were measured in different regions of Russia, namely, in the St. Petersburg Region, the Central Territories and the Altay Territory. Two suitable low price versions of the dosemeters for measuring environmental radon concentrations based on track-etch and activated-charcoal detectors were used. The radon daughter product activity and the effective dose equivalents were calculated with an equilibrium factor of 0.5 and a recommended effective dose equivalent factor of 0.061 mSv (Bq m{sup -3}){sup -1}. Indoor measurements were taken in more than 1000 dwellings and public and industrial buildings of 21 towns and villages. The track chambers were exposed for about 2-3 months and the charcoal detectors for 6-10 days, ...

Energy Technology Data Exchange (ETDEWEB)

This study is part of a greater project from IPT (Sao Paulo's Institute of Technology), which foresaw an energetic use for elephant-grass (Pennisetum purpureum). Biomass gasification is an sustainable option for energy supply, which presents low pollutants emission rate and allows - through the global cycle of growing and consumption of feedstock (vegetables), a balance between consumption and production of carbonic gas, preventing an increase of the carbonic gas levels in the atmosphere. A gasifier was built with internal diameter of 400 mm and total height of 4600 mm . The equipment was tested for gasification of elephant-grass (Pennisetum purpureum) at a 100 kg/h rate. The equipment was tested and some constructive faults were detected. In the countryside, this biomass is commonly used for cattle feeding It was evaluated an adequate diesel-electric-generator. to work at hybrid regime, using 70% biomass gas and 30% diesel. With the equipment's construction costs, ...

International Nuclear Information System (INIS)

Scenarios are developed for spent fuel that is taken out of the nuclear reactor and stored for 20 years before reprocessing, and three storage techniques which use a water pool, dry cask or vault are compared with respect to their costs. The storage price (storage cost per kilogram of spent fuel), which is employed as the economic index, is calculated on the assumption that all the charge is paid when the spent fuel is brought in the storage facilities. Four scenarios are assumed for spent PWR and BWR fuels to be stored in at-reactor (AT) or away-from-reactor (AFR) facilities. The capital costs cover the buildings of the storage facilities, equipment, decommissioning, casks for transportation and storage (for cask storage) and casks for transportation (for water pool or vault storage). Costs for operation and maintenance of the facilities are also considered in evaluating these methods. Evaluation results show that the dry cask method is the ...

CERN Document Server

We apply the potential force estimation method to artificial time series of market price produced by a deterministic dealer model. We find that dealers' feedback of linear prediction of market price based on the latest mean price changes plays the central role in the market's potential force. When markets are dominated by dealers with positive feedback the resulting potential force is repulsive, while the effect of negative feedback enhances the attractive potential force.

Energy Technology Data Exchange (ETDEWEB)

The added incentive to modify electric use under hourly versus monthly market-based pricing is small for most mass market customers in Upstate New York. If the ultimate policy goal of demand-response programs is to reduce peak load, then promoting conservation measures under monthly market-based pricing holds more promise. (author)

Energy Technology Data Exchange (ETDEWEB)

The project aim is to model the hybrid plant at Vaesthamnsverket in Helsingborg using artificial neural networks (ANN) and integrating the ANN models, for online condition monitoring and thermoeconomic optimization, at Vaesthamnsverket. The definition of a hybrid plant is that it uses more than one fuel, in this case a natural gas fuelled gas turbine with heat recovery steam generator (HRSG) and a biomass fuelled steam boiler with steam turbine. The project is a continuation of previous projects where ANN training was done with operational data from the plant. The ANN models have, if required, been updated to better suit the purpose of this project. The thermoeconomic optimization takes into account current electricity prices, taxes, fuel prices etc. and calculates the current production cost along with the 'predicted' production cost. The tool also has a built in feature of predicting when a compressor ...

Energy Technology Data Exchange (ETDEWEB)

In a future power system with a high proportion of distributed and intermittent generation, it will be difficult and costly to ensure short-term security of supply if demand is unable to react to fluctuations on the supply side. At present, most power consumers in the EU, with the exception of the largest consumers such as energy intensive industries, buy their power on fixed tariffs. Fixed tariffs provide no incentives for consumers to alter their patterns of power consumption. This calls for more interaction between the supply and demand sides, which in turn would allow better matching of demand to intermittent supply. The development of cheap and reliable electronic communication technologies has made this a realistic option, so we are left with the general question of how the demand side can become more active in the future power market. Liberalisation of the wholesale power markets has introduced market-based pricing for the marginal electricity supply. ...

Energy Technology Data Exchange (ETDEWEB)

The Thai natural rubber economy is described in the context of the world rubber market. An econometric model is estimated for 15 structural equations; it includes the Thai, US, and rest-of-the-world rubber economies. Several simulation experiments are analyzed for the period from 1984 to 1995. Impact and dynamic multipliers are reported for major endogenous variables in response to changes in US GDP, world crude oil price, Thai replanting cess tax and Thai natural rubber production. A 1%, one-time increase in the US GDP has a positive effect on the Singapore natural rubber price. A world crude oil price decline shock has a negative effect in both the short-run and the long-run. The INRO buffer stock stabilization policy as well as alternative domestic Thai policies of market intervention are analyzed. The simulation results show that buffer stock management which allows a price band of +/-20% around the ...

International Nuclear Information System (INIS)

High and volatile natural gas prices have increasingly led to calls for investments in renewable energy. One line of argument is that deployment of these resources may lead to reductions in the demand for and price of natural gas. Many recent US-based modeling studies have demonstrated that this effect could provide significant consumer savings. In this article we evaluate these studies, and benchmark their findings against economic theory, other modeling results, and a limited empirical literature. We find that many uncertainties remain regarding the absolute magnitude of this effect, and that the reduction in natural gas prices may not represent an increase in aggregate economic wealth. Nonetheless, we conclude that many of the studies of the impact of renewable energy on natural gas prices appear to have represented this effect within reason, given current knowledge. These studies specifically ...

British Library Electronic Table of Contents (United Kingdom)

This paper introduces a new way of estimating parameters in a Brownian motion regime switching asset model to incorporate volatility clustering. The regime switching model is then applied to pricing of up-and-in barrier call options. We take the probability of crossing the barrier between simulation points into account, and we increase accuracy in simulations by importance sampling. The regime switching model is compared to the Normal Inverse Gaussian model and the traditional Black-Scholes model, and option prices from the regime switching model are compared to the closed form expression of up-and-in barrier calls in a Black-Scholes market.

British Library Electronic Table of Contents (United Kingdom)

I formulate a model in which money coexists with equity shares on a risky aggregate endowment. Agents can use equity as a means of payment, so shocks to equity prices translate into aggregate liquidity shocks that disrupt the mechanism of exchange. I characterize a family of optimal monetary policies and find that the resulting equity prices are independent of monetary considerations. I also study a perturbation of the family of optimal policies that targets a positive constant nominal interest rate and find that in this case the real equity return includes a liquidity return that depends on monetary considerations.

Energy Technology Data Exchange (ETDEWEB)

Sasol Limited's 1986 annual report for the year ended June 30, 1986 reported an increase in profit of 14.8% for the year. Financial measures taken in order to counteract the effect of the lower oil prices are described. Operating results and technical modifications of the Sasol One, Two, and Three plants are discussed. Sasol believes that crude oil prices will remain volatile for some time and will fluctuate between $10 and $18 per barrel. A steady increase in crude oil prices will then occur in the 1990's. As a result of the conservative financial policy of the past few years, Sasol is well equipped to cope with low fuel prices in the short and medium term.

Science.gov (United States)

by the radionuclide X-ray fluorescence analysis into several groups according to the atomic number of the determined element. Table I documents this. ...

Wastenet

... stock code: BOXfloral description: sunflower x 4, blue skies x 4, lavender 3, lupins x 3, poppy field 3, meadow x 3 Introductory Offer price: 𧵎.00 per box, plus delivery normal price 𧵘 UK only Poppy field box add to basket Lupins box add to basket Lavender box add to basket ...

Energy Technology Data Exchange (ETDEWEB)

In world crude oil markets, 1987 was a year of limited recovery and relative stability after the dramatic price slide of early 1986. Both foreign and domestic crude thereafter, ending the year somewhat higher than a year ago. In contrast, product wholesale markets remained relatively stable throughout the year, while retail prices sustained a fairly steady increase. As has been the case for over a decade, major price movements in international oil markets generally reflected responses to actual or perceived changes in the policies of the Organization of Petroleum Exporting Countries (OPEC) and/or its members. The year began with prices on an upward trend, in reaction to the December 1986 OPEC meeting in which the members resolved to return to an official pricing structure (a departure from the market-based pricing of 1986), and to reduce output quotas. ...

Energy Technology Data Exchange (ETDEWEB)

The UNITIL Companies have identified the need to undertake new economic development initiatives and to respond to an increasingly competitive energy marketplace. The economy of UNITIL`s service areas and New England generally have suffered from the perception that energy prices, and electricity prices in particular, are very high and non-competitive. However, opportunities now exist for more competitive priced electricity services to be made available to meet the needs of economic development. The introduction of Energy Bank{trademark} was designed to meet this objective through a competitively priced, market-based option for new or expanding industrial loads. The Energy Bank{trademark} is priced at about 5 cents/kWh, a rate 40% below the regional average industrial rate. As Energy Bank{trademark} grows, it will yield substantial benefits to all customers in UNITIL`s service areas, ...

International Nuclear Information System (INIS)

This study develops a statistical model of industrial US natural gas consumption based upon historical data for the 1958-2003 period. The model specifically addresses interfuel substitution possibilities and changes in the industrial economic base. Using a relatively simple approach, the framework can be simulated repeatedly with little effort over a range of different conditions. It may also provide a valuable input into larger modeling exercises where an organization wants to determine long-run natural gas prices based upon supply and demand conditions. Projections based upon this demand framework indicate that industrial natural gas consumption may grow more slowly over the next 20 yr than being projected by the U.S. Energy Information Administration (EIA). This conclusion is based upon the assumption that natural gas prices will follow oil prices, as they have done over recent decades. If natural gas ...

Energy Technology Data Exchange (ETDEWEB)

The Environmental Kuznets Curve (EKC) hypothesis states that pollution levels increase as a country develops, but begin to decrease as rising incomes pass beyond a turning point. In EKC analyses, the relationship between environmental degradation and income is usually expressed as a quadratic function with the turning point occurring at a maximum pollution level. Other explanatory variables have been included in these models, but income regularly has had the most significant effect on indicators of environmental quality. One variable consistently omitted in these relationships is the price of energy. This paper analyzes previous models to illustrate the importance of prices in these models and then includes prices in an econometric EKC framework testing energy/income and CO{sub 2}/income relationships. These long-run price/income models find that income is no longer the most relevant indicator of ...

Energy Technology Data Exchange (ETDEWEB)

The worldwide oil shale resources are extremely large. As an example, the calculated recoverable oil from just the Green River Formation in the tri-state area of Colorado-Utah-Wyoming is as large as the estimated ultimate total conventional oil production from the entire world. In addition there are significant resources in other parts of the USA and in other countries. Despite the great potential, the peace of western oil shale development took a general downturn in 1982 because of a combination of factors led by an uncertainty concerning short to intermediate term pricing for crude oil, a lesser demand for petroleum products, and increased projected costs for development. An example is Exxon's announcement that the Exxon/TOSCO multi-billion dollar project would be discontinued and most of its support equipment sold. In the eastern part of the country, Paraho decided not to move its project to Kentucky unless additional financial ...

Energy Technology Data Exchange (ETDEWEB)

Recently, independent system operators (ISOs) and others have published reports on the costs of transmission congestion. The magnitude of congestion costs cited in these reports has contributed to the national discussion on the current state of U.S. electricity transmission system and whether it provides an adequate platform for competition in wholesale electricity markets. This report reviews reports of congestion costs and begins to assess their implications for the current national discussion on the importance of the U.S. electricity transmission system for enabling competitive wholesale electricity markets. As a guiding principle, we posit that a more robust electricity system could reduce congestion costs; and thereby, (1) facilitate more vibrant and fair competition in wholesale electricity markets, and (2) enable consumers to seek out the lowest prices for electricity. Yet, examining the details suggests that, sometimes, there will be trade-offs between ...

Energy Technology Data Exchange (ETDEWEB)

There are a multitude of cost centers in the typical coal mine, and almost as many ways to calculate their individual and collective effect on the bottom line. The costs of explosives is, in some ways, very difficult to determine without consideration of drilling, loading, hauling and breaking costs. Saving a nickel in explosive costs, for example, could end up costing a dollar more in crushing expenses. Typically, mines request quotations for explosives products on a weight basis. Were the market one of pure commodities, this would give a valid comparison. However, the energy being purchased often is not considered. The cost of any explosive should be considered in light of the work it can do, not the air it displaces or the price per pound. Consider in essence, the purchase of explosive energy as you would the sale of coal, in terms of dollars per Btu. Recent new developments in explosives technology make the economic implications of blast ...

International Nuclear Information System (INIS)

In the beginning of 2005 several changes in the electricity and natural gas market law came into effect. This report examines the influence and impact of these changes on the behaviour and development of these markets, looking at the role and position of both the energy industry and customers. The report combines existing data with new research data collected during spring and summer 2006. Whilst the recency of the law changes, along with the simultaneous impact of other market variables limits the salience of any impact, the report nevertheless provides clear and interesting conclusions. In the electricity market, one major legislative change that came into force in the beginning of 2005 concerned the supervision of the reasonableness of electricity distribution pricing. According to the newly adopted ex ante regulation principles, the regulatory authority now determines the guidelines for reasonable pricing prior the start of a predefined ...

International Nuclear Information System (INIS)

This paper provided an outline of the Canadian natural gas commodity market and a forecast for Canadian natural gas supply and prices for the 2007 winter heating season. Since 2001, steady demand growth and slow supply growth have contributed to higher North American natural gas commodity prices. The loss of natural gas supply due to hurricanes pushed North American natural gas commodity prices to record levels in 2005. Canadian natural gas production levels currently exceed domestic gas consumption. In 2005, Canada produced 16.5 billion cubic feet per day of marketable natural gas. Approximately 45 per cent was consumed domestically, and the remainder was exported to the United States. Despite high levels of drilling activity, production of natural gas from western Canada has flattened out since 2001. In 2006, natural gas prices in Canada declined due to the restoration of United States Gulf Coast ...

British Library Electronic Table of Contents (United Kingdom)

Negotiation is the most famous tool for reaching an agreement between parties. Usually, the different parties can be modeled as a buyer and a seller, who negotiate about the price of a given item. In most cases, the parties have incomplete information about one another, but they can invest money and efforts in order to acquire information about each other. This leads to the question of how much each party will be willing to invest on information about its opponent, prior to the negotiation process. In this paper, we consider the profitability of automated negotiators acquiring information on their opponents. In our model, a buyer and a seller negotiate on the price of a given item. Time is costly, and incomplete information exists about the reservation price of both parties. The reservatio...

Energy Technology Data Exchange (ETDEWEB)

This paper focuses upon the workings of the electricity pool of England and Wales. Created as a generators` pool, with the twin objectives of preserving order-of-merit dispatch and setting marginal-cost pricing signals, it is now evident that the system may not provide an efficient market-clearing mechanism from the consumers` perspective. Thus, over the five years since its inception, there have been repeated calls to incorporate more explicitly demand-side pricing signals into the process. A number of official reviews and various consultants have looked at the issue and there have been trial periods of active demand-side bidding. This paper reviews that experience to date.

Energy Technology Data Exchange (ETDEWEB)

This study estimates the electricity demand function for the residential sector of South Korea with the aim of examining the effects of improved energy efficiency, structural factors and household lifestyles on electricity consumption. In the study, time series data for the period from 1973 to 2007 is used in a structural time series model to estimate the long-term price and income elasticities and annual growth of underlying energy demand trend (UEDT) at the end of the estimation period. The result shows a long-term income elasticity of 1.33 and a long-term price elasticity of -0.27% with -0.93% as the percentage growth of UEDT at the end of the estimation period. This result suggests that, in order to encourage energy efficiency in the residential sector, the government should complement the market based pricing policies with non-market policies such as minimum energy efficiency standards and public enlightenment.

Energy Technology Data Exchange (ETDEWEB)

This paper develops optimal bidding strategies for a pumped-storage plant in a pool-based electricity market. In the competitive regime, when compared to simple hydroelectric generator, profit of the pumped-storage plant is maximized by operating it as a generator when market clearing price is high and as a pump when the price is low. Based on forecasted hourly market clearing price, a multistage looping algorithm to maximize the profit of a pumped-storage plant is developed, considering both the spinning and non-spinning reserve bids and meeting the technical operating constraints of the plant. The proposed model is adaptive for the nonlinear three-dimensional relationship between the power produced, the energy stored, and the head of the associated reservoir. Different operating cycles for a realistic pumped-storage plant are considered and simulation results are reported and compared. (author)

Science.gov (United States)

The aim was to assess options and cost of reducing emissions of greenhouse gases (with emphasis on carbon dioxide) from human activity in Zimbabwe. A brief description of the country's economy and energy sector, policy and pricing and regulations is given...

Wastenet

...page 50 results per page [1] 2 3 Products: 27 Page 1 of 3 Name List price Handbook of Structural Steel Connection Design and Details, 2nd Edition AU$186.36 ex-GST Terms ...

International Nuclear Information System (INIS)

This conference was attended by decision makers throughout the supply chain in the natural gas industry who face the continuing challenges of changes in market mechanisms, pricing options, and transmission alternatives. It provided an opportunity to review issues affecting producers, shippers, marketers, and end-users in an environment of tight energy markets and high, inelastic demand. The constraints on adequate energy supplies are influenced by economic factors, current and future resources, materials, equipment, skilled labour, technology and financial capital. The 8 sessions of the conference dealt with the tight North American gas supply; the slow development of new supplies; resource access issues, including politics and supply security; the geopolitics of natural gas; impacts of high prices on the North American economy; energy industry impacts of high natural gas prices; domestic politics and high natural gas ...

Energy Technology Data Exchange (ETDEWEB)

The Monthly Energy Review provides an overview of the production, distribution, and consumption of energy derived from petroleum natural gas, coal, electricity, and nuclear energy. It also discusses oil and gas resource development, energy prices, and issues relevant to international energy markets.

British Library Electronic Table of Contents (United Kingdom)

We investigate the default time of a firm when a stochastic discount factor is used so that both diffusion and regime switching risks are priced. We establish the relationship between the probability distribution of the default time and the solution of a system of coupled partial differential equations.

CERN Document Server

To investigate the universality of the structure of interactions in different markets, we analyze the cross-correlation matrix ${\\mathbf C}$ of stock price fluctuations in the National Stock Exchange (NSE) of India. We find that this {\\em emerging} market exhibits strong correlations in the movement of stock prices compared to {\\em developed} markets, such as the New York Stock Exchange (NYSE). This is shown to be due to the dominant influence of a common market mode on the stock prices. By comparison, interactions between related stocks, e.g., those belonging to the same business sector, are much weaker. This lack of distinct sector identity in emerging markets is explicitly shown by reconstructing the network of mutually interacting stocks. Spectral analysis of ${\\mathbf C}$ for NSE reveals that, the few largest eigenvalues deviate from the bulk of the spectrum predicted by random matrix theory, but they are far fewer ...

Wastenet

... stock code: BOXmixed description: blue skies x 3, sunflower x 3, lupins x 2, meadow x 2, pencils x 2, fishy x 2, poppy field x 2, Recycle x 2, Yummy x 2 Introductory Offer price: 𧵎.00 per box, plus delivery normal price 𧵘 UK only Poppy field box add to basket ... Lupins box add to basket Lavender box add to basket Sunflower box add to basket Blue skies box add to basket Meadow box add to basket Floral box add to basket Mixed box add to basket ...

Energy Technology Data Exchange (ETDEWEB)

This article addresses the possibility that electric utilities may not have enough generating capacity to meet the demands on their systems at some future date as a result of a recent spate of plant-construction cancellations, especially of nuclear facilities. It emphasizes that, when that time arrives, utilities will be willing to try every conceivable possibility for preserving the integrity of their systems, and offers differential pricing of electricity as one such possibility. The article also offers a regional analysis of the effect of plant cancellations and of the potential for differential pricing as a preventative of power shortages. 5 tables.

CERN Document Server

The paper develops a new class of financial market models. These models are based on generalized telegraph processes: Markov random flows with alternating velocities and jumps occurring when the velocities are switching. While such markets may admit an arbitrage opportunity, the model under consideration is arbitrage-free and complete if directions of jumps in stock prices are in a certain correspondence with their velocity and interest rate behaviour. An analog of the Black-Scholes fundamental differential equation is derived, but, in contrast with the Black-Scholes model, this equation is hyperbolic. Explicit formulas for prices of European options are obtained using perfect and quantile hedging.

Energy Technology Data Exchange (ETDEWEB)

We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price uncertainty on the choice of technology and the timing of the investment. It is shown that when the choice of technology is irreversible, it may be optimal to postpone the investment even if it would otherwise be optimal to invest in one or both of the plant types. We provide a numerical example based on cost, estimates of two different power plant types. (author)

Energy Technology Data Exchange (ETDEWEB)

Energy productivity and energy intensity within the industrial sector of the economy are examined. Results suggest that relative prices and other economic factors can explain much of the variation in both energy productivity and energy intensity for manufacturing and mining and for the industrial sector as a whole. Cyclical factors, seasonal factors and trend variables are also useful in explaining variation in these data, both for annual and monthly time series. Of the variables examined, it appears that the relative price of energy is a highly significant factor in accounting for the difference between actual industrial energy intensity and that which might have been expected had pre-1973 trends continued.

British Library Electronic Table of Contents (United Kingdom)

This paper studies the pricing of variance swap derivatives with stochastic volatility by the control variate method. A closed form solution is derived for the approximate model with deterministic volatility, which plays the key role in the paper, and an efficient control variate technique is therefore proposed when the volatility obeys the log-normal process. By the analysis of moments for the underlying processes, the optimal volatility function in the approximate model is constructed. The numerical results show the high efficiency of our method; the results coincide with the theoretical results. The idea in the paper is also applicable for the valuation of other types of variance swap, options with stochastic volatility and other financial derivatives with multi-factor models.

Energy Technology Data Exchange (ETDEWEB)

The coal transportation industry has played an integral role in determining coal markets, particularly in recent years, as the industry has evolved from cost-based pricing to market-based pricing. Aggressive pricing by Western rail carriers has caused extensive changes in coal marketing patterns in the Midwest. Multi-modal barge deliveries of Western and Appalachian coals have also played a significant, though lesser, role in changing coal markets. Eastern rail carriers have generally lagged in their aggressive pursuit of new coal markets and, to date, few changes in coal markets have been realised. The historic dominant role of transportation in shaping markets for coal will continue into the future as the utility industry contends with the effects of CAAA compliance and deregulation and as the coal industry contends with regional coal displacements and major imbalances in supply and demand. The dominance of rail ...

International Nuclear Information System (INIS)

Gross electricity production in 1993 in the OECD (including generation from pumped storage plants) was 7 466 TWh, a rise of 1.2 per cent from the level of gross production in 1992 (Tables 1 and 3). Nuclear plants accounted for 24.2 per cent of total gross electricity production in 1993, hydroelectric plants 16.7 per cent, total thermal plants 58.7 per cent and geothermal and other renewables 0.4 per cent. In 1992 total OECD heat production that is sold to third parties by public producers was 25 Mtoe (Table 6). About 86 per cent of this heat (21.6 Mtoe) was produced in CHP plants, about 12 per cent (3.1 Mtoe) in heat plants, and the remainder (0.3 Mtoe) in nuclear power plants (in Canada and Switzerland only). Based on preliminary data, apparent consumption of electricity (gross production plus imports less exports) in 1993 in OECD was 7 474 TWh. The corresponding figure for 1992 was 7 379 TWh, indicating a rise of 1.3 per cent in apparent electricity consumption in OECD countries in ...

Energy Technology Data Exchange (ETDEWEB)

Toyota's introduction of a hybrid electric vehicle (HEV) named ''Prius'' in Japan and Honda's proposed introduction of an HEV in the United States have generated considerable interest in the long-term viability of such fuel-efficient vehicles. A performance and cost projection model developed entirely at Argonne National Laboratory (ANL) is used here to estimate costs. ANL staff developed fuel economy estimates by extending conventional vehicle (CV) modeling done primarily under the National Cooperative Highway Research Program. Together, these estimates are employed to analyze dollar costs vs. benefits of two of many possible HEV technologies. We project incremental costs and fuel savings for a Prius-type low-performance hybrid (14.3 seconds zero to 60 mph acceleration, 260 time) and a higher-performance ''mild'' hybrid vehicle, or MHV (11 seconds 260 time). Each HEV is compared to a U.S. Toyota ...

Science.gov (United States)

The strategy for building SASOL plants reflects a commitment to long-range planning. The first plant, which represented a large investment for a moderate production capacity, was built to establish a technology for reducing South Africa's dependence on imported motor fuels. After the success of the plant, SASOL made plans for a larger plant, which had to be justified solely on economic grounds. At that time, petroleum crude was cheap and plentiful, and the second plant was cancelled. But when OPEC formed and the price of petroleum crude was increased, the South African government reconsidered the plans for another SASOL plant. Furthermore, because the cost of fuels produced at Sasol I proved to be significantly insensitive to inflation and future OPEC price increases were expected, SASOL projected that a new, larger plant should make a profit within a few years after its initial operation. But OPEC prices and ...

Energy Technology Data Exchange (ETDEWEB)

Atlantic Richfield Company, together with Bechtel Group, Inc. and Combustion Engineering, have conducted a study since August 1979 for the Electric Power Research Institute to: (1) develop guidelines for the electric utility industry to assess the technical and economic applicability of coal-oil mixtures (COM) to existing fossil fuel plants, and (2) assess the market potential and cost of preparation for a commercially produced COM fuel suitable for use by electric utility entities. This report is the compilation of work done for the second task. Results from Task 1 are reported separately. Reported here is a methodology for the estimation of coal-oil mixture pricing. Components included in the pricing estimate are raw materials costs, transportation and manufacturing cost components, with capital recovery treated according to both public (utility) and private financing guidelines. A detailed base case using a specific plant size, feedstock ...

Energy Technology Data Exchange (ETDEWEB)

This presentation discussed common mechanisms for procuring wind energy in Canada. Mechanisms included renewable portfolio standards (RPSs); offsets; tax subsidies; financial subsidies; command and control mechanisms; and request for proposals (RFPs). A layered approach is required to avoid reliance on any single mechanism. RPSs require a certain minimum percentage of energy to come from renewable sources and aim to encourage the local development of renewable energy. RPSs are market-friendly and often result in the creation of tradable renewable energy credits (RECs) used for compliance purposes. RPSs work in parallel with cap and trade, baseline, and credit and carbon tax systems. RFPs target the lowest price offering, a practice which has often resulted in lower rates of return, high attrition, and a failure to attribute market prices to green attributes. It was concluded that RPSs work with a variety of policy frameworks and encourage the ...

Energy Technology Data Exchange (ETDEWEB)

The Fresnel solar collector is a promising concept to reduce the electricity cost price in solar thermal power plants. The optical performance of a Fresnel collector depends on material properties, on its geometric layout and on the level of optical accuracy that can be obtained. A variety of geometric parameters, e.g. the height of the absorber, the number, size and distance of primary mirrors in.uence the shading and blocking of rays and the amount of rays missing the absorber. To evaluate the in.uence of the parameter variation regarding the electricity cost price and to yield an optimization, the optical performance is assessed with an annual simulation based on hourly weather-data. To permit a consideration of changes in collector cost according to different geometric layouts, cost factors where allocated to geometric parameters. The paper presents the method and the simulation results of the optimization under different boundary ...

Energy Technology Data Exchange (ETDEWEB)

Assuming Cournot behavior in open loop strategies by the several sellers, an imperfectly competitive market for an exhaustible resource is studied. An equilibrium develops with the following properties: industry production declines over time, as does the present value of market price net of unit extraction cost. The degree of concentration in supply increases over time, tending toward monopoly. Larger firms earn a lower rate of return on their endowment, and perceive a smaller increment to profits from the acquisition of new stocks. Industry prices and supply paths are insensitive to a local redistribution of endowments. The relative deadweight burden of oiligopoly is small for plausible values of market parameters. 14 references.

Energy Technology Data Exchange (ETDEWEB)

This paper outlines an approach to develop estimates of individual customer contestability using a combined statistical and engineering analysis. The approach is targeted for use for mid-size commercial and industrial customers who are not being considered for individual flexible pricing contracts. Contestability is defined as the potential lost revenue associated with customers leaving the utility or significantly reducing electricity purchases. Contestability is modeled from the customer`s perspective using a two-stage decision process. In the first stage, the customer decides if he will continue to purchase electricity from the utility (referred to as customer retention), and in the second stage, the customer determines the amount of electricity purchased (referred to as load retention). Measures of individual customer contestability will be key factors in developing market segments and new rate offerings in future energy markets.

International Nuclear Information System (INIS)

During the 1990's, natural gas was the energy source with the fastest rate of growth in the world energy balance. Nevertheless, recent evolutions of the energy context, in particular in terms of prices, have had a rather strong impact on the progress of the different energy sources penalizing gas a little. Beyond this competition between energies, which may increase, the medium-term perspectives of natural gas development is in keeping with an environment full of uncertainties. This article presents: the world supply and demand prospects for 2010-2015 (impact of high gas prices on other energy sources, occurrence of production constraints, political decisions of producing countries and world gas industry balance), trends on main markets (North America, Europe, Asia-Oceania), and international trade. (J.S.)

British Library Electronic Table of Contents (United Kingdom)

Electric supply industry is facing deregulation all over the world. Under deregulated power supply scenario, power transmission congestion has become more intensified and recurrent, as compared to conventional regulated power system. Congestion may lead to violation of voltage or transmission capacity limits, thus threatens the power system security and reliability. Also the growing congestion may lead to unanticipated divergent electricity pricing. Owing to these facts congestion management has become a crucial issue in the deregulated power system scenario. Fast and precise prediction of nodal congestion prices in real time deregulated/spot power market may enable market participants and system operators to keep pace with the congestion by taking preventive measures like transaction resc...

British Library Electronic Table of Contents (United Kingdom)

In the emerging restructured power system, the congestion management (CM) has become extremely important in order to ensure the security and reliability of the system. In addition to this, lack of CM can impose a hindrance in electricity trading. This paper presents a novel, growing radial basis function neural network (GRBFNN)-based approach for CM. For achieving CM, Nodal congestion price (NCP) forecasting is performed in real time competitive power market. NCP forecasting is an effective way of price-based preventive CM as it directly indicates the presence as well as the severity of the congestion in the system. In present paper, GRBFNN has been developed for NCP forecasting dividing the whole power system into various congestion zones. An unsupervised learning vector quantization (VQ)...

CERN Document Server

We consider the exact path sampling of the squared Bessel process and some other continuous-time Markov processes, such as the CIR model, constant elasticity of variance diffusion model, and hypergeometric diffusions, which can all be obtained from a squared Bessel process by using a change of variable, time and scale transformation, and/or change of measure. All these diffusions are broadly used in mathematical finance for modelling asset prices, market indices, and interest rates. We show how the probability distributions of a squared Bessel bridge and a squared Bessel process with or without absorption at zero are reduced to randomized gamma distributions. Moreover, for absorbing stochastic processes, we develop a new bridge sampling technique based on conditioning on the first hitting time at zero. Such an approach allows us to simplify simulation schemes. New methods are illustrated with pricing path-dependent options.

British Library Electronic Table of Contents (United Kingdom)

This study estimates the electricity demand function for the residential sector of South Korea with the aim of examining the effects of improved energy efficiency, structural factors and household lifestyles on electricity consumption. In the study, time series data for the period from 1973 to 2007 is used in a structural time series model to estimate the long-term price and income elasticities and annual growth of underlying energy demand trend (UEDT) at the end of the estimation period. The result shows a long-term income elasticity of 1.33 and a long-term price elasticity of -0.27% with -0.93% as the percentage growth of UEDT at the end of the estimation period. This result suggests that, in order to encourage energy efficiency in the residential sector, the government should complement...

British Library Electronic Table of Contents (United Kingdom)

The presence of inefficient distribution networks and supply chains of medicines creates problems in that even if African countries can secure steep, sustainable cost-containing procurements, access to needed medicines may still be impaired. The expected health benefits from affordable pricing or subsidies on prices of medicines may not be realized. This article evaluates drug supply chains in African countries and advocates for consolidated private wholesale markets and multiplicity of retail pharmacies. Public supply chains should be shortened and supported by contracting out with private distributors, including wholesalers and retail pharmacies. Additionally, drug regulatory authorities should be allowed to charge registration fees that are proportionate to the costs of technical regula...

CERN Document Server

We introduce a new formulation of asset trading games in continuous time in the framework of the game-theoretic probability established by Shafer and Vovk (2001). In our formulation, the market moves continuously but an investor trades in discrete times, which can depend on the past path of the market. We prove that an investor can essentially force that the asset price path behaves with the variation exponent exactly equal to two. Our proof is based on embedding high-frequency discrete time games into the continuous time game and the use of the Bayesian strategy of Kumon, Takemura and Takeuchi (2007b) for discrete time coin-tossing games. We also clarify that the main growth part of the investor's capital processes is lucidly described by the information quantities, which are derived from the Kullback-Leibler information with respect to the empirical fluctuation of the asset price.

Wastenet

... (I still say no to bags though if I can, even if it means the bus driver looks at me funny when I get on balancing a pie and bread roll on top of 18 better-than-half-price recycled toilet rolls - as happened on Tuesday night.) I know some cloth/nylon bags are designed to fold up tightly - either with poppers or a bag to keep them neat - so ...

Energy Technology Data Exchange (ETDEWEB)

Ontario's electricity industry restructuring program is reviewed, with a view to identify the reasons behind the failure of deregulation which was expected to create competition, to stabilize, or even reduce, prices to consumers, and attract serious private sector investment for the construction of new generating capacity. The report painstakingly reviews the series of events which resulted in a steep rise in electricity rates during the summer of 2002, immediately after deregulation came into effect, which led to freezing retail electricity rates and related charges by the then Conservative provincial government, and the reversal of that decision by the newly-elected Liberal government in the fall of 2003, and plans to bring back retail hydro rates that reflect the cost of production. The authors provide a discussion of policy options and a series of recommendations that are expected to create incentives to reduce and shift demand, encourage the use of ...

Science.gov (United States)

The aim of the classical multiple test strip is to perform routine chemical analysis in one single operation, yielding maximum diagnostic and prognostic information. A maximum of 10 test areas should not be exceeded. The efficiency of the currently marketed test strips is discussed and improvements within acceptable price limits are suggested. PMID:10841930

International Nuclear Information System (INIS)

In this paper author deals with the regulation of electricity prices in the Slovak Republic. Author contests the social policy of the government through doped prices of electricity. Two thirds of electricity is generated in nuclear power plants in Slovakia. Hence, it is necessary to focus on the solution of problem of nuclear waste. In 2004 Ministry of Economy stated, that the deficit in nuclear fund, from which the country have to fully cover the costs of liquidation and final disposal of nuclear waste, is estimated in the amount of around 89 billion Slovak crowns (? 3.7 billion $). From it, so called historical deficit, which originated because of late foundation of fund, represents officially 15 billion Slovak crowns (? 0.62 billion $). In Slovakia exists the real risk, that by maintenance of present state by creation and draw of the fund, it will be possible to ensure only 39 per cent of financial sources necessary for full financial ...

Energy Technology Data Exchange (ETDEWEB)

An ``energy snapshot`` article is included on housing characteristics in 1993 (survey of 7,111 households). The rest of the document is divided into: energy overview, energy consumption, petroleum, natural gas, oil and gas resource development, coal, electricity, nuclear energy, energy prices, international energy, and appendices (conversion factors, CO2 emission factors from coal, index, glossary).

Energy Technology Data Exchange (ETDEWEB)

This is the June report by the Energy Information Administration. The contents of the report include an energy overview, energy consumption, petroleum, natural gas, oil and gas resource development, coal, electricity, nuclear energy, energy prices, and international energy. Included are appendices containing thermal conversion factors, metric and other physical conversion factors, and carbon dioxide emission factors for coal.

Wastenet

... (restricted)] 98-118 Oil prices and competitiveness: time series evidence from six oil-producing countries by Mohammad R. Jahan-Parvar & Hassan Mohammadi [Downloadable! (restricted)] 2008, Volume 35, Issue 6 444-485 The S-shaped labor supply schedule: evidence from industrialized countries by Maryke ...

Energy Technology Data Exchange (ETDEWEB)

Discussion is presented of world crude steel production, the Japanese steel industry and its expectations of the Canadian coal industry. It is concluded that the Canadian coal industry should pay attention to the trend in customer's requirements regarding coal quality, maintain price competitiveness in the international market place, and remain flexible with regard to the market trend.

International Nuclear Information System (INIS)

Since the oil prices decreased during June 2008, many uncertainties drive the energy markets. The author aims to analyze the future battles around the the dying resources, taking into account that the alternatives sources will need time to develop. The author analyzes also the relation energy and climate in the preservation of the fundamental equilibrium. (A.L.B.)

Energy Technology Data Exchange (ETDEWEB)

In response to the Energy Policy Act of 1992 and the Federal Energy Regulatory Commission`s subsequent rulemaking on transmission access, many states are exploring options to restructure their electric industries. In their deliberations on restructuring, policymakers should consider (1) the reliability of the electric system; (2) income-distribution effects on ratepayers and utilities; (3) social consequences such as effects on energy conservation, renewable energy, and the environment; and (4) economic efficiency. We address economic-efficiency considerations in this study. Economic efficiency is important because it is one of the primary reasons that policymakers should consider restructuring in the first place: improving the electric-industry`s efficiency lowers costs and, hence, electric prices. In this study, we look at the sources of (in)efficiency in existing and proposed electric markets with the objective of guiding policymakers to design efficient ...

Energy Technology Data Exchange (ETDEWEB)

A complete analysis is performed to simulate biomass production incorporated into a realistic whole farm situation, including or replacing a typical crop mix. Representative farms are constructed to accommodate such simulation. Four management systems are simulated for each firm, with each simulation depicting a different crop mix and/or use of different farming technologies and production methods. The first simulation was a base farm plan in which the operator would maintain the historical crop mix for the area, participate in all price support programs, and not participate in either a conservative reserve or a biomass production program. In the second simulation, the operator would again maintain the historical crop mix, would not participate in a conservation reserve or biomass production program, and would be ineligible to participate in any price support system. The third simulation introduced the Conservation Reserve Program (CRP) and ...

Energy Technology Data Exchange (ETDEWEB)

This book shows the severe environmental price we pay for offshore oil drilling, and shows how citizens can take action to protect the nation's shores. This is a handbook for anyone with a stake in the health of the environment. It includes alternatives for decreasing our reliance on offshore drilling, and guidelines for citizens who want to make their opposition heard.

British Library Electronic Table of Contents (United Kingdom)

Many banks are under pressure to increase funding by capital, especially equity capital. Return on assets increases, the leverage multiplier declines and the return required by investors should decline as banks increase reliance on equity financing. This article empirically demonstrates the importance of risk and profitability on bank value, and then conceptually illustrates how the price/book ratio and related value should be affected by those banking units either able to issue equity capital or change their capital structure.

International Nuclear Information System (INIS)

We compare the lifecycle costs of an electric car to a similar gasoline-powered vehicle under different scenarios of required driving range and cost of gasoline. An electric car is cost competitive for a significant portion of the scenarios: for cars of lower range and for higher gasoline prices. Electric cars with ?150 km range are a technologically viable, cost competitive, high performance, high efficiency alternative that can presently suit the vast majority of consumers' needs.

Energy Technology Data Exchange (ETDEWEB)

In May 1995, the California Public Utilities Commission (CPUC) released two proposals for restructuring the state`s electric power industry. The two proposals follow more than a year of testimony and public comment after the CPUC issued the ``Blue Book`` (CPUC 1994a) on April 20, 1994, which called for retail wheeling to be phased in to all customers over 5 years. The majority proposal, supported by three of the four CPUC commissioners (one seat was vacant when the proposals were released), calls for creating a central pool, or ``poolco``; setting electric prices to reflect true costs of service, or ``real-time pricing``; and allowing parties to negotiate ``contracts for differences`` between the pool price and the contract price. The minority proposal, sponsored by Commissioner Jesse Knight, calls for retail wheeling, or ``direct access,`` and for utilities to divest or spin off their generating ...

Energy Technology Data Exchange (ETDEWEB)

No abstract prepared

Energy Technology Data Exchange (ETDEWEB)

No abstract prepared.

Energy Technology Data Exchange (ETDEWEB)

A method for calculating plume rise above stack level is presented. The equations set forth by Briggs, which are presently the most popular for such calculations, are discussed. A method using 2 nomographs, simplifying the calculations is given. (JMT)

Science.gov (United States)

High-level ab initio calculations have been performed on the exo and endo isomers of gas-phase

International Nuclear Information System (INIS)

We report the implementation of positron wave function and lifetime calculations in the all-electron full-potential linearized augmented plane wave method. Calculations of lifetimes for more than 30 materials with two different forms of the enhancement factor were done and compared to prior calculations and experiment. We find that reasonable agreement with experiment can be obtained within the local density approximation when all-electron full-potential calculations are done.

International Nuclear Information System (INIS)

The applicability of Broyden's second method for accelerating the convergence of self-consistent electronic-structure calculations based on the linearized augmented-plane-wave method is discussed in terms of a W(001) surface calculation. It is found that its use results in a significant improvement in the convergence of the calculation, and based on this it is concluded that its use should increase the size of the systems for which such calculations are feasible.

Energy Technology Data Exchange (ETDEWEB)

What kind of lesson do we get from California situation? The first is that the sufficient investment to the operational regulation should be prepared as a system. It is necessary to introduce the systems related to capacity, such as the capacity market system that makes retail suppliers secure the fixed rate of their running peak-load as reserve capacity and other system that secure the 5-year supply capacity by a contract, in which suppliers can pay the penalty if they purchase more capacity than in the contract. The second is that the supplementary measures should be systematized for the supply system not to be in a panic in a case of the shortage situation of equipment. The exchange authority should control the regular inspection program on generators to reduce the market control of the supply companies. Through the supplementary system, the increase of electricity price must make the demand decrease. According to the current plan, it will be take a long time to ...

Energy Technology Data Exchange (ETDEWEB)

This document gathers a series of very short articles concerning nuclear industry around the world. Areva company is investing 30 million euros in its Chalon-Saint-Marcel plant, it is the consequence of the extension of service life of nuclear power plants in the Usa. Areva holds 40% of the American market concerning the replacement of steam generators and 50% of that concerning the replacement of closure heads. The Obrigheim nuclear power plant was definitely closed down on may 2004, this decommissioning is a step forward in the German policy of progressively stepping out of nuclear energy. Chinese authorities are willing to construct 40 nuclear reactors in 15 years, despite that, the contribution of nuclear energy to the generation of electricity will reach only 4% in 2020. In 2007 Cea will begin the construction works of a new research reactor (Jules Horowitz reactor) in the Cadarache site. Prices of the yellow cake have been going up during the last years: from ...

International Nuclear Information System (INIS)

The NATural GAS model is an integrated model of the European wholesale gas market providing long-run projections of supply, transport, storage and consumption patterns in the model region, aggregated in 5-year periods, distinguishing two seasons (winter and summer). Model results include levels of investment in the various branches, output and consumption, depletion of reserves and price levels. The NATGAS model computes long-term effects of policy measures on future gas production and gas prices in Europe. NATGAS is an equilibrium model describing behaviour of gas producers, investors in infrastructure (pipeline, LNG capacity, as well as storage), traders and consumers. NATGAS covers the main European demand regions, including the United Kingdom, Germany, the Netherlands and Italy. Moreover, it covers the main origins of supply on the European market, such as Russia, Norway, Algeria, the Netherlands, the United Kingdom and LNG. In this ...

Energy Technology Data Exchange (ETDEWEB)

This paper investigates the relationship between economic growth and pollutant emissions for a small and open developing country, Tunisia, during the period 1961-2004. The investigation is made on the basis of the environmental Kuznets curve hypothesis, using time series data and cointegration analysis. Carbon dioxide (CO{sub 2}) and sulfur dioxide (SO{sub 2}) are used as the environmental indicators, and GDP as the economic indicator. Our results show that there is a long-run cointegrating relationship between the per capita emissions of two pollutants and the per capita GDP. An inverted U relationship between SO{sub 2} emissions and GDP has been found, with income turning point approximately equals to $1200 (constant 2000 prices) or to $3700 (in PPP, constant 2000 prices). However, a monotonically increasing relationship with GDP is found more appropriate for CO{sub 2} emissions. Furthermore, the causality results show that the relationship ...

Energy Technology Data Exchange (ETDEWEB)

This paper investigates the relationship between economic growth and pollutant emissions for a small and open developing country, Tunisia, during the period 1961-2004. The investigation is made on the basis of the environmental Kuznets curve hypothesis, using time series data and cointegration analysis. Carbon dioxide (CO{sub 2}) and sulfur dioxide (SO{sub 2}) are used as the environmental indicators, and GDP as the economic indicator. Our results show that there is a long-run cointegrating relationship between the per capita emissions of two pollutants and the per capita GDP. An inverted U relationship between SO{sub 2} emissions and GDP has been found, with income turning point approximately equals to 1200 (constant 2000 prices) or to 3700 (in PPP, constant 2000 prices). However, a monotonically increasing relationship with GDP is found more appropriate for CO{sub 2} emissions. Furthermore, the causality results show that the relationship ...

Energy Technology Data Exchange (ETDEWEB)

In Arabian Gulf industrial development, location factors show a favorable decline compared to the US as a result of industrial experience and the development of a data base on which to base comparisons. Petrochemical feedstocks and capital are the major resources for the Arabian states' investments. Cost analyses of ammonia, ethylene, and methanol show that production is only a little more than half the US production costs. While ethylene derivatives lose their economic advantage, they are more practical for marketing. Methanol production is developing slower than the production of ethylene derivatives because of competition in industrialized countries and low world prices for gas, but rising gas prices and the use of methanol for fuel are changing this situation. Comparisons of the growing aluminum industry with the investment and operating costs of other countries show that total operating costs are low, total costs per ton are ...

Energy Technology Data Exchange (ETDEWEB)

The objective of this project is to identify feasible Louisiana-grown biomass crops and residues, to combine these with technically and economically feasible conversion processes, and to provide integrated biomass energy production systems in Louisiana. Among the recommended integrated systems are: cotton gin trash and rice hull processing residues used for either direct combustion or methane or ethanol production. Steam generation via direct combustion is recommended. Hardwood chips are economically feasible despite considerable price and supply instability, while high sugar or starch content crops are easily converted to ethanol but limited by price. Possible breakthroughs in biomass production or in the hydrolysis of starch or cellulose substrates may decrease processing costs. Recommended areas for future study dealing with production include: (1) increase biomass availability and density; (2) increase harvesting, transportation and storage ...

Energy Technology Data Exchange (ETDEWEB)

Deregulation of the electric power industry in Alberta holds the prospect of providing greater choice for customers. One such option will be `green power` which is provided by renewable energy technologies. The energy produced would be without environmental impacts such as air emissions, water pollution, flooding, thermal emissions or waste by-products. Wind power, small scale hydro power, photovoltaics and biomass technologies have been termed as `green power`. The choices that customers make will not be focused on price alone. Market forces are emerging to demand reduction in emissions which will result in a market for `green energy` products and facilitate achieving goals for a sustainable future.

Energy Technology Data Exchange (ETDEWEB)

Overhead, high power transmission lines have secured rights of way on agricultural lands in Minnesota. The economic impact of such utility crossings, including effects on land price, was investigated. Sale records and survey data were analyzed. Buyers, sellers, and brokers were interviewed concerning inconvenience, radio interference, appearance, and loss of irrigation possibilities due to the transmission lines. In nine affected sales, there was only one case in which less money was indicated for the farm because of the presence of a transmission line.

Energy Technology Data Exchange (ETDEWEB)

The objective of this work is a study for the application of a new technology that will be used in the engine management system in the vehicle; where the final consumer can opt for the inquiry performance or seeking an economy for the fuel consumption depending on its daily use and of the prices offered in the gas stations. Flexible Fuel is a technology in development for the automobile market that mixes the use of two fuels (gasoline and ethanol) and their mixtures in the internal combustion engine. (author)

Science.gov (United States)

ABS>A horizontal steam generator design for the SM-2 was lysis to determine the per formance of such a steam generator under steady state operating conditions and during load transients, The configuration for this design is a two- drum unit consisting of a heat exchanger unit and separator drum interconnected by integral riser and downcomer. An analog computer was used to analyze the steam generator behavior Wring load transients. The effect of various design changes on the response of the steam generator to step chages in load was determined. The horizontal steam generator design was compared to the existing vertical steam generator design for weight, size, price, and performance. (auth)

Wastenet

... John Cannaday and Ken Weddle present the framework for a Product Design Engineering project (http://engineering.dartmouth.edu/~teps/images/ProductDesign.pdf) for high school students which may have relevance at a more advanced level. David Price has created a Mechanical Engineering Design (http://www.soton.ac.uk/~cds/) site containing engineering design notes. The Virtual Reality Engineering Library Home Page at the University of Bristol (http://www.dig.bris.ac.uk/virtual_lib/) is a library ...

Energy Technology Data Exchange (ETDEWEB)

Energy production during Feb 95 totaled 5.4 quadrillion Btu (Q), 3.1% over Feb 94. Energy consumption totaled 7.4 Q, 0.7% below Feb 94. Net imports of energy totaled 1.3 Q, 5.6% below Feb 94. This publication is divided into energy overview, energy consumption, petroleum, natural gas, oil and gas resource development, coal, electricity, nuclear energy, energy prices, and international energy.

International Nuclear Information System (INIS)

This Publications Catalogue lists all sales publications of the IAEA published in 2004, 2005 and forthcoming in 2006. Most IAEA publications are issued in English, some are also available in Arabic, Chinese, French, Russian or Spanish. This is indicated at the bottom of the book entry. A complete listing of all IAEA priced publications is available on the IAEA's web site: http://www.iaea.org/books

Wastenet

... (restricted)] 251-260 Revisiting new variant famine: the case of Swaziland by Scott Naysmith & Alex Waal & Alan Whiteside [Downloadable! (restricted)] 261-269 Food prices and the HIV response: findings from rapid regional assessments in eastern and southern Africa in 2008[InlineMediaObject not available: see fulltext.][InlineMediaObject not available: see fulltext.] by Stuart Gillespie & Paul Jere & John Msuya & Scott Drimie [Downloadable! (restricted)] 271-289 Declining global per capita agricultural production and warming oceans ...

Energy Technology Data Exchange (ETDEWEB)

This article outlines the use of gasifiers during World War II and how, with soaring fuel prices, producer gas may provide an alternate energy path for agribusiness and farms today. In the last few years, the University of California has become a focus of producer gas research in the US. Biomass fuels used include crushed walnut shells, fruit pits, cereal straw and corn cobs. Particle size, moisture content and slagging create problems and the right kind of gas producer must be used to obtain reliable conversion to producer gas.

Energy Technology Data Exchange (ETDEWEB)

Economic depreciation of similar cost recovery schemes delay cash return of investment. Such delay may require new types of securities. Due to uncertainty of regulatory action and technology over the prolonged recovery life of the projects, investors may require a higher return, thereby raising the cost of capital. Utility managements might eschew long lived investment, too, even if cost effective to the consumer. Alternatives exist that would approximate the price signals of economic depreciation without discouraging investment. The importance of upfront returns to the investment process should not be minimized. 2 figs., 3 refs. (AV)

Wastenet

...Climate Change : News Categories : Department of Energy and Climate Change Articles in Smart energy meters Results There are 2 articles listed in Smart energy ... meters DECC lays foundations for smart meters rollout A crucial step in delivering the UK's energy security and low carbon future was taken today ...Nuclear Prices Renewable energy Renewable Heat Incentive Saving energy and CO2 Science Smart energy meters Statistics Statistics and projections Transparency Wave and tidal Wind ...

Energy Technology Data Exchange (ETDEWEB)

Jim Rogers, president and chief executive officer of Duke Energy Corporation, examines how coal and climate change regulations can co-exist. He addresses the need for economically sound choices for future energy needs, which is complicated by what he refers to as 'the elephant in the room'climate change. He observes that new CO{sub 2} regulations would increase the USA's cost of generating electricity over time and result in higher prices for customers, and he advocates that a gradual, economy-wide, market-based U.S. climate policy is the best option. 1 ref., 1 fig.

Wastenet

... Focuses on distillation and packed towers, and presents the methods and fundamentals of plant design along with supplemental mechanical and related data, nomographs, data charts and heuristics. AU$223.45 ex-GST Terms and Conditions CRC Handbook of Chemis... For almost a century this handbook has been updated annually, except for a few wartime years, and has served generations of engineers and scientists. Current daily price AU$209.09 ex-GST Terms and Conditions Perry's Chemical Engin... Was: $199.95 inc gst NOW: ...

British Library Electronic Table of Contents (United Kingdom)

This paper develops a model of nonlinear pricing with competition. The novel element is that each consumer's willingness to pay for quality is private information and is allowed to differ across brands. The consumer's preferences are represented by a multidimensional type containing the marginal value of quality for different products. Buyers with high willingness to pay for quality also display strong preferences for particular brands, and require higher discounts in order to switch away from their favorite product. Therefore, competition is fiercer for buyers with lower tastes for quality, and hence more elastic demands. This is in sharp contrast to earlier models in which competition is fiercer for higher-taste, more valuable buyers. In equilibrium, firms either compete intensively for ...

Energy Technology Data Exchange (ETDEWEB)

Purpose of this assessment for this town in the Slovak Republic is to develop information on the building sector energy efficiency and improvement potential for use by town management to support decisions on providing energy services to Handlova citizens. Objectives were to characterize baseline space and water heat energy use and efficiency improvement potential in the residential and nonresidential building sectors. Intention was to identify major areas of efficiency improvement potential and cost-effectiveness. Four levels of energy and fuel prices were used. A significant efficiency resource exists in the space and water heating end uses in these building sectors; it amounts to 42% of the total building sector space and water heat energy consumption.

Science.gov (United States)

In the present work we introduce a novel multi-agent model with the aim to reproduce the dynamics of a double auction market at microscopic time scale through a faithful simulation of the matching mechanics in the limit order book. The agents follow a noise decision making process where their actions are related to a stochastic variable, the market sentiment, which we define as a mixture of public and private information. The model, despite making just few basic assumptions over the trading strategies of the agents, is able to reproduce several empirical features of the high-frequency dynamics of the market microstructure not only related to the price movements but also to the deposition of the orders in the book.

Energy Technology Data Exchange (ETDEWEB)

A discussion of the Sasol I, II, and III coal liquefaction plants of the Republic of South Africa was presented. The technology, capacity, and economics of these projects were included in the discussion. These plants utilize the Fischer-Tropsch process of indirect coal liquefaction and produce a barrel of synthetic crude for about $55 (or about $20 above current market prices). Outlines of the differences in indirect coal liquefaction and newer direct methods were presented. It was determined that the South African dedication to coal liquefaction was made more for the political aspects of energy independence than economics.

Energy Technology Data Exchange (ETDEWEB)

Perturbative approach to two-dimensional gravity and supergravity is considered. One-loop renormalization of the central charge of SL(2,R) Kac-Moody algebra is calculated perturbatively by functional integration and by explicit calculations of the Feynman diagrams. Also the wavefunction renormalization and the anomalous dimensions in the presence of gravity are calculated.

International Nuclear Information System (INIS)

Calculations, drawing principally on developments at AERE Harwell, of the relaxation about lattice defects are reviewed with emphasis on the techniques required for such calculations. The principles of defect modelling are outlined and various programs developed for defect simulations are discussed. Particular calculations for metals, ionic crystals and oxides, are considered. (UK).

International Nuclear Information System (INIS)

This handbook breaks down the complex field of nuclear reactor calculations into major steps. Each step presents a detailed analysis of the problems to be solved, the parameters involved, and the elaborate computer programs developed to perform the calculations. This book bridges the gap between nuclear reactor theory and the implementation of that theory, including the problems to be encountered and the level of confidence that should be given to the methods described. Volume III: Control Rods and Burnable Absorber Calculations. Perturbation Theory for Nuclear Reactor Analysis. Thermal Reactors Calculations. Fast Reactor Calculations. Seed-Blanket Reactors. Index.

Energy Technology Data Exchange (ETDEWEB)

Radiation Damage Calculations for the FUBR and BEATRIX Irradiations of Lithium Compunds in EBR-II and FFTF

Energy Technology Data Exchange (ETDEWEB)

A simple heuristic calculation is given for the rate of nucleation of black holes at positive temperature. This calculation is based on the classical theory of nucleation and reproduces the result of Gross, Perry, and Yaffe.

Energy Technology Data Exchange (ETDEWEB)

Two-stage gasification allows power production from biomass and waste with high efficiency. The process involves pyrolysis at about 550C followed by heating of the pyrolysis gas to about 1300C in order to crack hydrocarbons and obtain syngas, a mixture of H2, CO, H2O and CO2. The second stage produces soot as unwanted by-product. Experimental results are reported on the suppression of soot formation in the second stage for two different fuels: beech wood pellets and Rofire pellets, made from rejects of paper recycling. Syngas obtained from these two fuels and from an industrial waste fuel has been cleaned and fed to a commercial SOFC stack for 250 hours in total. The SOFC stack showed comparable performance on real and synthetic syngas and no signs of accelerated degradation in performance over these tests. The experimental results have been used for the design and analysis of a future 25 MWth demonstration plant. As an alternative, a 2.6 MWth system was considered which uses the Green ...

Energy Technology Data Exchange (ETDEWEB)

No abstract prepared.

Energy Technology Data Exchange (ETDEWEB)

The ..beta.. decay half-lives of neutron-rich isotopes with Z=24-28 are calculated in the QRPA with a Gamow-Teller residual interaction. For odd-mass and odd-odd systems QRPA phonon correlations are introduced to quasiparticle transitions in first-order perturbation. The calculated half-lives agree very well with the experimental values. For later application of this model to nuclei far from stability, we have examined the dependence of the calculated half-lives on the model parameters.

International Nuclear Information System (INIS)

... astatine complexes astatine compounds coulomb energy effective charge

International Nuclear Information System (INIS)

The #beta# decay half-lives of neutron-rich isotopes with Z=24-28 are calculated in the QRPA with a Gamow-Teller residual interaction. For odd-mass and odd-odd systems QRPA phonon correlations are introduced to quasiparticle transitions in first-order perturbation. The calculated half-lives agree very well with the experimental values. For later application of this model to nuclei far from stability, we have examined the dependence of the calculated half-lives on the model parameters. (orig.).

Energy Technology Data Exchange (ETDEWEB)

An algebraic formulation of the electromagnetic field in which various quantization procedures can be described was chosen to discuss perturbation calculations. It is shown that the Feynman rules and the second order calculation of the self-energy of the electron can be developed on the basis of the Fermi method of quantization. The algebraic approach clarifies the problems in defining the vacuum and other states which are associated with calculations in terms of field algebra operators. It is demonstrated that the vacuum state defined on the field algebra by Schwinger leads to incorrect results in the self-energy calculation.

Energy Technology Data Exchange (ETDEWEB)

A novel direct calculation method of response matrices on heterogeneous lattices by using the Monte Carlo method is proposed. These direct response matrices (DRMs) can be used in core calculations in place of the conventional homogenized lattice constants. The DRMs are formalized by four sub response matrices (sub-RMs) in order to respond to a core eigenvalue, k; thus the DRMs can be re-evaluated on each outer iteration in the core calculations. The sub-RMs can be evaluated by analyzing each neutron's trajectory from ordinary lattice calculations with the Monte Carlo code. Since these sub-RMs are calculated directly under an actual complex assembly geometry, i,e., without a homogenization process, intra-assembly heterogeneous effects can be reflected on global partial current balance calculations. With using two of the sub-RMs, which deal with neutron ...

Energy Technology Data Exchange (ETDEWEB)

Multiphase flow calculation software and computer-readable media carrying computer executable instructions for calculating liquid and gas phase mass flow rates of high void fraction multiphase flows. The multiphase flow calculation software employs various given, or experimentally determined, parameters in conjunction with a plurality of pressure differentials of a multiphase flow, preferably supplied by a differential pressure flowmeter or the like, to determine liquid and gas phase mass flow rates of the high void fraction multiphase flows. Embodiments of the multiphase flow calculation software are suitable for use in a variety of applications, including real-time management and control of an object system.

Energy Technology Data Exchange (ETDEWEB)

The state of exploration in the Terra Nova field offshore Newfoundland, and the progress in constructing the floating production, storage and offloading (FPSO) at Bull Arm, the assembly site west of St. John's for the Terra Nova vessel, are described. Comparisons are made between the excitement created by the first production well at Leduc in Western Canada in 1947, and the offshore developments currently underway and accelerating offshore Newfoundland. It is estimated that exploration and development offshore had barely touched the surface, with only 160 wells of all types drilled to date, of which 48 exploration wells have uncovered 1.7 billion barrels of oil. The area is practically unexplored; the source rock is there, and the current estimate is that there are a number of basins in the offshore area that are several times the size of the Jeanne d'Arc Basin, where the Hibernia field is currently producing about 135,000 barrels of oil per day. The total estimated ...

Energy Technology Data Exchange (ETDEWEB)

As the Electric Power Industry is actively preparing for a restructured future where retail wheeling is practiced ideally and efficiently in a competitive market-based environment, concerns may arise legitimately on how system reliability and integrity can be ensured in an environment where markets have an enhanced role. As these concerns may be justified, at least for a transition period, this paper presents a proposal which outlines how the generally accepted requisite capacity, energy, and ancillary services standards may be satisfied through market reliance and minimal coordination by a Reliability Monitoring and Ancillary Services Managing Entity or Independent System Operator. A Strawman detailing one -- and by no means the only -- future scenario inspired by the recent NEPOOL restructuring discussions in New England is presented to demonstrate that market-based competition and flexibility are compatible with a reliable Power System.

CERN Document Server

In this work, we aim to gain a better understanding of the volatility smile observed in options markets through microsimulation (MS). We adopt two types of active traders in our MS model: speculators and arbitrageurs, and call and put options on one underlying asset. Speculators make decisions based on their expectations of the asset price at the option expiration time. Arbitrageurs trade at different arbitrage opportunities such as violation of put-call parity. Difference in liquidity among options is also included. Notwithstanding its simplicity, our model can generate implied volatility (IV) curves similar to empirical observations. Our results suggest that the volatility smile is related to the competing effect of heterogeneous trading behavior and the impact of differential liquidity.

International Nuclear Information System (INIS)

The difficult economic circumstances with which almost the whole world had to contend, brought serious financial crisis in many countries. South Africa also had its own share of serious problems. Despite this situation, Transvaal Consolidated Land and Exploration Company, Limited, showed on increase in earnings of 24 per cent per share. The reason for this lies mainly in two areas. Firstly the company acquired the mining related business of Rand Mines, Limited. Included in the acquisition was a partfolio of shares mainly in the company's associated gold and uranium mining companies and additional shares in its listed coal mining subsidiaries. Secondly, the average gold price realised by producers in rand terms, was considerably higher than in the previous year. Consolidated profit attributable to members increased by 52 per cent to R82,6 million.

Energy Technology Data Exchange (ETDEWEB)

World oil prices are responsible for new concerns about the health of the international banking system, particularly the $60 billion in annual deficits of the developing countries. If the banks continue lending money to these countries in hopes of repayment in better times, they could jeopardize their financial position; but if they stop the loans, they will jeopardize repayment of the present debts. High US interest rates, heavy goods and technology, economic sanctions imposed by the US in response to Russia's invasion of Afghanistan, and the unregulated Eurocurrency market have contributed to the problem. No one knows how great a loss the capital markets can sustain and still survive. New banking arrangements by the World Bank and other institutions are still unproven. 19 references. (DCK)

Energy Technology Data Exchange (ETDEWEB)

The situation of natural gas in the Federal Republic of Germany is described, with particular emphasis on the advantages and consequences of natural gas supply. The brochure discusses the role of natural gas on the energy market, the reliability of natural gas supply, the environmental impacts, the energy-saving effect of natural gas, natural gas prices, the competitive strength of the German gas industry, and the long-term reliability of natural gas supply. (orig.) [German] Die Situation des Erdgases in der Bundesrepublik Deutschland wird beschrieben, wobei die wichtigsten Vorteile und Auswirkungen der Erdgasversorgung besonders hervorgehoben werden. Es geht um die Stellung des Erdgases im Energiemarkt, die Sicherheit der Energieversorgung, Umweltschutz, Energieeinsparung durch Erdgaseinsatz, Erdgaspreise, Leistungsfaehigkeit der deutschen Gaswirtschaft und um die langfristig gesicherte Erdgasversorgung. (orig.)

CERN Document Server

This paper shows that a well designed transport system has an embedded exchange value by serving as a market for potential exchange between consumers. Under suitable conditions, one can improve the welfare of consumers in the system simply by allowing some exchange of goods between consumers during transportation without incurring additional transportation costs. We propose an explicit valuation formula to measure this exchange value for a given compatible transport system. This value is always nonnegative and bounded from above. Criteria based on transport structures, preferences and prices are provided to determine the existence of a positive exchange value. Finally, we study a new optimal transport problem with an objective taking into account of both transportation cost and exchange value.

Energy Technology Data Exchange (ETDEWEB)

The new oil price environment is sending industry engineers back to the drawing board. The search is on for cost effective and perhaps unconventional deepwater production systems. One candidate for Gulf of Mexico deepwater tracts is a tanker-based floating production, storage, and offloading (FPSO) system. Substantial experience with tanker-based FPSO systems has proven them to be cost effective when the field is remote from existing production facilities and pipelines. A tanker-based system offers the unique feature of integrating production, storage, and offloading capabilities into a single unit. Such systems can be installed in 12 to 15 months and can even be leased, significantly improving an operator's cash flow.

British Library Electronic Table of Contents (United Kingdom)

We examine the short-term price behaviour of three, size-conditioned Indian stock market indices, in response to informational shocks. A standard mean-adjusted returns model as well as the GJR-GARCH specification point towards underreaction to negative events in the medium and small capitalization indices. Also, the pre-event coefficients are generally negative and statistically significant, regardless of the sign of the shock, thus ruling out information leaks. We uncover a stable abnormal volatility pattern which increases monotonically a few days before the shock before suddenly decreasing in magnitude on the event day and beyond. We suggest uncertainty avoidance as a potential explanation of these features. The results are fairly robust across alternative event selection procedures, ti...

Energy Technology Data Exchange (ETDEWEB)

Electricity generation from wind turbines is now cost competitive for grid and off-grid applications in many developing regions, and close to competitive in others. Wind resources could generate thousands of megawatts of badly-needed power in Asia, North Africa, and Latin America. Barriers to penetrating power generation markets remain, however, including unequal access to investment capital, energy price and other market distortions, and often weak institutions for commercializing new technologies. Recognizing the potential economic and environmental benefits of wind power, bilateral and multilateral assistance organizations have for several years offered financial and technical assistance to promote its diffusion. Based on this experience and assistance for other renewable electric technologies, lessons and recommendations can be drawn regarding how assistance could more effectively overcome persistent market and policy barriers, especially in light of the ...

Energy Technology Data Exchange (ETDEWEB)

Few major mandates were won or lost in the first quarter of 1993, as the energy industry adopted a conservative approach to its financing needs. However, indications are that energy companies are coming back to the syndicated loan market after this quiet first quarter. Already, Enron, Shell Oil and Coastal have mandated substantial new facilities. Many more companies are expected back in the market over the new few months, including at least one jumbo for a major international name. A number of the industry's top names report that pricing is once again getting more aggressive in response to the high level of liquidity among lenders and a shortage of new mandates over the last few months. (Author)

CERN Document Server

We study perturbations of a Schwarzschild black hole in Chern-Simons modified gravity. We begin by showing that Birkhoff's theorem holds for a wide family of Chern-Simons coupling functions, a scalar field present in the theory that controls the strength of the Chern-Simons correction to the Einstein-Hilbert action. After decomposing the perturbations in spherical harmonics, we study the linearized modified field equations and find that axial and polar modes are coupled, in contrast to general relativity. The divergence of the modified equations leads to the Pontryagin constraint, which forces the vanishing of the Cunningham-Price-Moncrief master function associated with axial modes. We analyze the structure of these equations and find that the appearance of the Pontryagin constraint yields an overconstrained system that does not allow for generic black hole oscillations. We illustrate this situation by studying the case characterized by a canonical choice of the ...

Energy Technology Data Exchange (ETDEWEB)

The goal of this study is to determine whether physicists at the Russian Nuclear Weapons Institute can profitably service the need for computer aided drug design (CADD) programs. The Russian physicists` primary competitive advantage is their ability to write particularly efficient code able to work with limited computing power; a history of working with very large, complex modeling systems; an extensive knowledge of physics and mathematics, and price competitiveness. Their primary competitive disadvantage is their lack of biology, and cultural and geographic issues. The first phase of the study focused on defining the competitive landscape, primarily through interviews with and literature searches on the key providers of CADD software. The second phase focused on users of CADD technology to determine deficiencies in the current product offerings, to understand what product they most desired, and to define the potential demand for such a product.

Energy Technology Data Exchange (ETDEWEB)

In this paper, the authors investigate the technical and economical aspects of the natural gas injection in non-integrated pig-iron plants using charcoal in the blast furnace. The effects of the natural gas injection concerning the blast furnace flame temperature, charcoal consumption, productively and permeability are analyzed. It was found that the injection is beneficial in many ways, such as in the improvement of the productivity and quality, if the flame temperature is kept within an appropriate range. In the financial-economic project`s evaluation, the cash flow for the natural gas injection was analysed considering two blast conditions: through the drying and oxygen enrichment of the air. A sensibility analysis is presented in which the internal rate of return of the investment varies according to the prices of charcoal and oxygen. 3 refs., 3 figs., 3 tabs

British Library Electronic Table of Contents (United Kingdom)

This study looks at the land use impact of the biofuels expansion on both the intensive and extensive margin, and its environmental consequences. We link economic, geographical and environmental models by using spatially explicit common units of analysis and use remote sensing crop cover maps and digitized soils data as inputs. Land use changes are predicted via economic analysis of crop rotation choice and tillage under alternative crop prices, and the Environmental Policy Integrated Climate (EPIC) model is used to predict corresponding environmental impacts. The study focuses on Iowa, which is the leading biofuels hotspot in the U.S. due to intensive corn production and the high concentration of ethanol plants that comprise 28% of total U.S. production. We consider the impact of the biof...

British Library Electronic Table of Contents (United Kingdom)

An initial public offering (IPO) can often provide a powerful stimulus to private companies seeking to pursue an acquisition-driven growth strategy. Based on a comprehensive analysis of U.S. IPOs, the authors show that newly public companies are prolific acquirers. Over 30% of companies conducting an IPO make at least one acquisition in their IPO year, and the typical IPO firm makes about four acquisitions during its first five years as a public company. IPOs facilitate M&A not only by providing infusions of capital but also by creating ongoing access to equity and debt markets for cash-financed deals. In addition, IPOs create an acquisition currency that can prove valuable in stock-financed deals when the shares are attractively priced. The authors also argue that IPOs improve the ability...

Energy Technology Data Exchange (ETDEWEB)

The purpose of the Energy Incentives and Agricultural Financial Resources Act of 1986 is to provide fair incentives for the domestic production of oil and gas, and to give flexibility to financial institutions with regard to energy and agricultural loans. The legislation reflects the current drop in activity and investment as a result of economic conditions and tax laws. It amends the Federal Deposit Insurance Act to assist troubled banks in providing capital and restructuring loans for energy development and agricultural pursuits. Title II repeals certain restrictions on the use of natural gas and petroleum imposed under the Fuel Use Act to open up markets and eliminate pricing requirements.

International Nuclear Information System (INIS)

Article. In Norway, a project is planned to evaluate the upgrading potential of the hydroelectric power sector. The article criticizes the authorities for not supporting the upgrading of hydroelectric power plants in their eager to promote the development of wind power. An important contribution of the planned project will be a book from which the utilities may get advice on measures of upgrading. Generators and control systems account for 80% of the faults and interruptions in the power utilities. The turbine technology has made important progress in the 1990s. By pure upgrading measures alone, the turbine efficiencies may be increased enough for an additional 3 TWh to be taken out from the Norwegian hydroelectric power system. Today, the price of imported carbon-based Danish power determines whether the utilities find it profitable to rehabilitate the hydroelectric plants. The energy potential of upgrading is estimated to be 5 TWh. This energy can be generated ...

Energy Technology Data Exchange (ETDEWEB)

This self-evaluation report offers a summary of results from FY2000 actions to achieve Pacific Northwest National Laboratory's strategy and provides an analysis of the state of their self-assessment process. The result of their integrated planning and assessment process identifies Laboratory strengths and opportunities for improvement. Critical elements of that process are included in this report; namely, a high-level summary of external oversight activities, progress against Operations Improvement Initiatives, and a summary of Laboratory strengths and areas for improvement developed by management from across the laboratory. Some key areas targeted for improvement in FY2001 are: systems approach to resource management; information protection; integrated safety management flow-down to the benchtop; cost management; integrated assessment; Price Anderson Amendments Act (PAAA) Program; and travel risk mitigation.

British Library Electronic Table of Contents (United Kingdom)

This article is the second part of a review of recent empirical and theoretical developments usually grouped under the heading Econophysics. In the first part, we reviewed the statistical properties of financial time series, the statistics exhibited in order books and discussed some studies of correlations of asset prices and returns. This second part deals with models in Econophysics from the point of view of agent-based modeling. Of the large number of multi-agent-based models, we have identified three representative areas. First, using previous work originally presented in the fields of behavioral finance and market microstructure theory, econophysicists have developed agent-based models of order-driven markets that we discuss extensively here. Second, kinetic theory models designed to ...

Science.gov (United States)

This report estimates the economic and financial effects and the benefits of compliance with the proposed effluent limitations guidelines and standards for the Centralized Waste Treatment (CWT) industry. The Environmental Protection Agency (EPA) has measured these impacts in terms of changes in the profitability of waste treatment operations at CWT facilities, changes in market prices to CWT services, and changes in the quantities of waste management at CWT facilities in six geographic regions. EPA has also examined the impacts on companies owning CWT facilities (including impacts on small entities), on communities in which CWT facilities are located, and on environmental justice. EPA examined the benefits to society of the CWT effluent limitations guidelines and standards by examining cancer and non-cancer health effects of the regulation, recreational benefits, and cost savings to publicly owned treatment works (POTWs) to which indirect-discharging CWT facilities ...

Energy Technology Data Exchange (ETDEWEB)

Contact scanner system in Wolsung NPP(model ESE-1565) is early `70 equipment so most of components are obsolete. To make 100% compatible PCBs for this system is main object of the study. Most of components used in the system are now not available in the electric market, furthermore original system maker no longer supplies spare parts. System supplier(AECL) quoted lots of money than general PCBs prices in case of spare PCBs are re-marked by canada maker. Contents and scope of the study are specifications research and system analysis, improvements of repairability and reliability, circuit design and simulations using computer aided tools(CAE), make arbitrary mechanical contacts signal generator for test system. Now the long-run test of home made PCBs are conducting at Wolsung NPP. (author). 20 refs., 42 figs.

Energy Technology Data Exchange (ETDEWEB)

MRI is a powerful diagnostic modality of expanding availability. Equipment and installation amount to nearly $2M per site. An important component of diagnostic efficacy is not just equipment costs but also replacement costs, which for x-ray CT amount to 14-20% of the purchase cost per year; and in the early years of that technology reached 30-50%. The authors show how design choices made during the RandD stages of MRI development have allowed them to improve system performance parameters such as data reconstruction, archiving and display speeds, computational capabilities, operator interfaces, imaging sequence flexibility and signal-to-noise levels. Over the last four years these improvements have been made at a retrofit cost well below the target of 6-7% of the purchase price per year.

Energy Technology Data Exchange (ETDEWEB)

A full analysis is shown in this paper for the cost of kWh generated from photovoltaic station located in Kuwait. By using a 21 years weather data for Kuwait, the yearly generated energy was found by proposing the PV station capacity with known panels tilt angle. The cost of kWh generated from PV station was compared with the kWh generated from conventional units in the country. A sensitivity analysis was done to some factors, capital cost per installed PV peak watt, discount rate, and operating peak hours, which affect the cost of kWh production from both PV and conventional units. If the PV station is proposed to be installed in Kuwait, the capital cost per PV installed peak watt must be less than today`s prices. (author)

British Library Electronic Table of Contents (United Kingdom)

Continually rising energy prices in global markets highlights a serious concern about the need to improve energy efficiency and the efficiency in energy sector in many countries. China, as one of the fastest growing countries in the world and the largest coal producer, has high coal consumption but a low recovery rate of coal utilization. Coal efficiency and the efficiency in coal industry have therefore attracted a great deal of attention from Chinese policy makers, coal firms and academics. This study attempts to compare the relative technical efficiency performance of listed coal mining companies in China and the US using CCR and BCC models in the advanced DEA linear programming. The results show that the level of relative efficiency in Chinese coal mining enterprises, regardless of tot...

Energy Technology Data Exchange (ETDEWEB)

Since the 1950s a transport revolution has occurred comparable to events in the late nineteenth century when sailing ships were replaced by steam vessels. Freight rates for bulk products have decreased 65-70% due to improved maritime technology, and formerly separate markets for bulk products have been unified globally. It is suggested that the low freight rates since the early 1980s will level out in future. Price peaks caused by political and military crises like the Korean war, the Suez crisis, OPEC I and OPEC II also seem to be of diminishing importance over time. The world market has become much less sensitive to external shocks due to alternative sources of supply and alternative transport routes. Examples are given from the coal, grain and iron ore international market. 62 refs., 24 figs., 4 tabs.

International Nuclear Information System (INIS)

The Granger instantaneous-causality test is applied to explore the potential causal relationships between wholesale electricity and natural-gas prices in California. The test shows these relationships to be bi-directional, and reveals California's electricity and natural-gas markets to be as inextricably intertwined as casual observation and theoretical considerations would suggest they ought to be. This meshing of markets exacerbated the effects of California's natural-gas crisis on the contemporaneous electricity crisis, while concurrently the electricity crisis may have contributed to the dysfunction in the national-gas market and helped to precipitate the natural-gas crisis. The finding supports an integrated approach, as opposed to a piecemeal approach, for formulating energy policy recommendations, not just in California but in the world at large.

British Library Electronic Table of Contents (United Kingdom)

This study looks for the presence of rational speculative bubbles in Real Estate Investment Trusts (REITs) using unit-root, variance ratio, duration dependence and regime switching regression tests. The regime switching method provides weak evidence of speculative bubble behaviour in both the mortgage and hybrid REITs sectors even though traditional econometric bubble tests do not provide evidence of rational speculative bubbles in all REIT markets. Findings suggest that price movement in mortgage and hybrid REITs may be induced by bubble-like behaviour of investors. This behaviour may be traced to the real estate market bubble. Our results provide evidence that the real estate bubble that started in early 2000 was transmitted into securitized real estate markets. A regime switching model ...

International Nuclear Information System (INIS)

Recent multi-configuration Hartree-Fock (MCHF) calculations of atomic hyperfine structures are reviewed. In particular, spin-polarization and relativistic effects are considered. Using a systematic active space MCHF approach, combined with large multi-reference configuration interaction (MR-CI) calculations, it is shown that hyperfine structures in many cases can be calculated very accurately. For few-electron systems, like lithium and beryllium, the remaining discrepancies between theory and experiments largely come from neglected relativistic effects, showing the necessity of fully relativistic calculations even for these systems. The physical effects of relativity on the hyperfine structure are discussed and fully relativistic multi-configuration Dirac-Fock (MCDF) calculations using the systematic active space approach are performed for lithium-like fluorine. (orig.).

British Library Electronic Table of Contents (United Kingdom)

The principal objective of this study is to formulate an effective optimal fuel management strategy for the TRIGA MARK II research reactor at AERE, Savar. The core management study has been performed by utilizing four basic types of information calculated for the reactor: criticality, power peaking, neutron flux and burnup calculation. This paper presents the results of the burnup calculations for TRIGA LEU fuel elements. The fuel element burnup for approximately 20 years of operation was calculated using the TRIGAP compute code. The calculation is performed in one-dimensional radial geometry in TRIGAP. Inter-comparison of TRIGAP results with other two calculations performed by MVP-BURN and MCNP4C-ORIGEN2.1 show very good agreement. Reshuffling at 20,000MWh step provides the highest core l...

International Nuclear Information System (INIS)

Previously, an analytical dose calculation algorithm for MLC-based radiotherapy was developed and commissioned, which includes a detailed model of various MLC effects as a unique feature [1]. The algorithm was originally developed as an independent verification of the treatment planning system's dose calculation and it explicitly modeled spatial and depth dependent MLC effects such as interleaf transmission, the tongue-and-groove effect, rounded leaf ends, MLC scatter, beam hardening, and gradual MLC transmission fall-off with increasing off-axis distance. Originally the algorithm was implemented in Mathematica trademark (Wolfram). To speed up the calculation time and to be able to calculate high resolution 2D dose distributions within a reasonable time frame (<2 s) the algorithm needs to be optimized and to be embedded in a user friendly environment. To achieve this goal, the dose ...

Energy Technology Data Exchange (ETDEWEB)

After the transcription of the electricity directive in national legislations, the European electricity market appears to be a vast set of juxtaposed markets which are weakly connected at the level of their wholesale contracts compartment. Referring to the technological peculiarities of electricity as a commodity, the paper identifies the direct conditions of regional integration of the electricity markets, those which would favour cross-border trade and allow to be near the normal functioning of a regional commodity market. The infrastructure network dependence and the need of a stringent technical coordination necessitate to unify the operation of the different systems and the rules of access, or at the least to come near this unification by strong coordination. A second major condition, which is not fully debated, is the increasing connexion of short-term markets, via daily physical trade and emergence of a European financial market, which could trade various standardised contracts ...

Science.gov (United States)

The objective of this paper is to reveal to what degree bio-based jet fuels (bio-jet) can reduce greenhouse gas (GHG) emissions from the US aviation sector. A model of the supply and demand chain of bio-jet involving farmers, bio-refineries, airlines, and policymakers is developed by considering factors that drive the decisions of actors (i.e. decision-makers and stakeholders) in the life cycle stages. Two kinds of feedstock are considered: oil-producing feedstock (i.e. camelina and algae) and lignocellulosic biomass (i.e. corn stover, switchgrass, and short rotation woody crops). By factoring in farmer/ feedstock producer and bio-refinery profitability requirements, land availability and suitability, as well as a time delay factor, a more realistic estimate of the level of bio-jet supply and emissions reduction can be developed under different oil price assumptions. Factors that drive bio-jet GHG emissions and unit production costs from each feedstock are ...

Energy Technology Data Exchange (ETDEWEB)

Elf Aquitaine, a major international oil and gas company, has recently undergone a thorough reengineering of its research and development in exploration and production division. The aim of this reengineering, was to align the company R&D with its business strategy, and also to give a clear picture of two major features for a R&D portfolio: a duration profile (short, median or long term?) and a partnership profile (do it yourself, cooperate, outsource or let do elsewhere?). In short, we were trying to answer a basic question: How can we adapt our R&D to a durable context of low oil price (eg 15 $/bbl)? In our opinion, two preliminary statements ought to be made when dealing with the above issue. Firstly, R&D does not contribute equally to the factors of increased profitability, although it is certainly a major contributor to some of them (like obtaining new ventures, reducing costs, discovering new reserves out of current acreage, or improving the ...

UK PubMed Central (United Kingdom)

The rate of appearance of unlabelled glucose was calculated from tracer data and compared with the actual rate of infusion of unlabelled glucose into a anaesthetized dog with all sources of endogenous...Full Text Available

UK PubMed Central (United Kingdom)

Calculations of dose per monitor unit (D∕MU) are required in addition to measurements to increase patient safety in the clinical practice of proton radiotherapy. As in conventional photon and...Full Text Available

UK PubMed Central (United Kingdom)

Numerical calculations of static, switched, and radiofrequency (RF) electromagnetic (EM) fields considering the geometry and EM properties of the human body are used increasingly in MRI to explain...Full Text Available

Science.gov (United States)

Examples are used to demonstrate that a shift in the point of emphasis is necessary with regard to radiation hazard in medicinal X-ray diagnosis. The parameters employed in this study to calculate somatic dose (SD) and somatically significant dose (SSD) m...

Energy Technology Data Exchange (ETDEWEB)

Calculations of refrigerant thermal properties are desired to be very fast and stable in cases of simulation of refrigeration system, etc. The traditional method based on equation of state cannot meet such requirement because of unavoidable iterations in calculation. In this paper, a new calculation method for refrigerant thermal properties is presented. Low order implicit polynomial equations are got by using curve-fitting method at first, and then explicit formulae for calculating refrigerant thermal properties quickly are obtained by getting the analytical solution of these implicit equations. Explicit fast calculation formulae for thermal properties of R22 and R407C, covering the saturated temperature of -60{approx}80 {sup o}C and superheat of 0-65 {sup o}C, are presented as examples. The calculation speeds of the formulae of R22 are about 140 times faster ...

UK PubMed Central (United Kingdom)

ObjectiveCompare occlusal contacts calculated from 3D virtual models created from clinical records to contacts identified clinically using shimstock and transillumination.Full Text Available

Energy Technology Data Exchange (ETDEWEB)

The wave function of the Bianchi type-IX universe with small anisotropy is calculated using the Hartle-Hawking prescription.

Energy Technology Data Exchange (ETDEWEB)

The effects of various approximations used in performing augmented-plane-wave calculations were studied for elements of the fifth and sixth columns of the Periodic Table, namely V, Nb, Ta, Cr, Mo, and W. Two kinds of approximations have been checked: (i) variation of the number of k points used to iterate to self-consistency, and (ii) approximations for the treatment of the core states. In addition a comparison between relativistic and nonrelativistic calculations is made, and an approximate method of calculating the spin-orbit splitting is given.

Energy Technology Data Exchange (ETDEWEB)

Different calculated models are presented for turbulent break-off flows and their classification, reflecting the sequence of historical development. The study was done based on equations of viscous liquid of the Navier-Stokes type with development of special phenomenological models of turbulence which take into consideration real properties of the break-off flows based on simpler models of flow presented in the work. In order to calculate two-dimensional turbulent flows, a method of viscous-nonviscous interaction is used. It employs numerical solutions for nonviscous flow and integrated methods of calculating the dissipative region. This method can be extended for calculating the transonic break-off flows, and also break-off in an incompressible fluid when there is cavitation.

Science.gov (United States)

... elements of the parameter covariance matrix computed from the partial derivative matrix and Vpqrs(',I). We also calculate ...

Science.gov (United States)

The results of a study conducted by Working Group 10 of the AGARD Fluid Dynamics Panel to investigate the limits of boundary layer methods, both the integral and field type formulations, for calculating three-dimensional turbulent separated flow are presented. Test cases used to assess the boundary layer calculations included the DFLVR prolate spheroid at angle of attack and the NASA-Ames Wing C. Comparisons between boundary layer calculations and experimental data are presented for these test cases along with observations, conclusions, and recommendations.

International Nuclear Information System (INIS)

... computer calculations fftf reactor nonlinear problems reactor accidents reactor

International Nuclear Information System (INIS)

... angular momentum cranking model even-even nuclei gadolinium 156 governor

Energy Technology Data Exchange (ETDEWEB)

MINEQL is a subroutine package to calculate equilibrium composition of an aqueous system, accounting for mass transfer.

Science.gov (United States)

... The ultimate compressive strength was measured, and values for Young's modulus were calculated from the linear portion of the test curve. ...

Energy Technology Data Exchange (ETDEWEB)

We provide two examples to illustrate how electronic structure calculations contribute to our understanding of vacancies and their role in determining material properties. Diffusion and elctromigration in aluminium are known to depend strongly on vacancies. Electronic structure calculations show that the vacancy-impurity interaction oscillates with distance, and this leads to an explanation for both the increased elctromigration resistance and the slow impurity diffusion for copper in aluminium. Calculations of vacancies in plutonium have been used in conjunction with positron annihilation lifetime measurements to identify the presence of helium-filled vacanies. Helium stabilization of vacancies can provide the precursors for subsequent vacancy-related changes in materials properties.

Energy Technology Data Exchange (ETDEWEB)

The linear integral equation based computer code (RON: Roger Oleg Nikolai), which was recently developed at Argonne National Laboratory, was used to calculate the self-amplified spontaneous emission (SASE) performance of the free-electron laser (FEL) being built at Argonne. Signal growth calculations under different conditions are used for estimating tolerances of actual design parameters. The radiation characteristics are discussed, and calculations using an ideal undulator magnetic field and a real measured magnetic field will be compared and discussed.

International Nuclear Information System (INIS)

This handbook breaks down the complex field of nuclear reactor calculations into major steps. Each step presents a detailed analysis of the problems to be solved, the parameters involved, and the elaborate computer programs developed to perform the calculations. This book bridges the gap between nuclear reactor theory and the implementation of that theory, including the problems to be encountered and the level of confidence that should be given to the methods described. Volume II: Monte Carlo Calculations for Nuclear Reactors. In-Core Management of Four Reactor Types. In-Core Management in CANDU-PHW Reactors. Reactor Dynamics. The Theory of Neutron Leakage in Reactor Lattices. Index.

Energy Technology Data Exchange (ETDEWEB)

Monte Carlo methods have been used to compute k{sub eff} and the fundamental mode eigenfunction of critical systems since the 1950s. While such calculations have become routine using standard codes such as MCNP and SCALE/KENO, there still remain 3 concerns that must be addressed to perform calculations correctly: convergence of k{sub eff} and the fission distribution, bias in k{sub eff} and tally results, and bias in statistics on tally results. This paper provides a review of the fundamental problems inherent in Monte Carlo criticality calculations. To provide guidance to practitioners, suggested best practices for avoiding these problems are discussed and illustrated by examples.

Energy Technology Data Exchange (ETDEWEB)

The results of an investigation of the effects of several parameters on the reactivity instability of a Boiling Water Reactor (BWR) calculational model are summarized. Calculations were performed for a typical BWR operated at low flow conditions, where reactivity instabilities are more likely to occur. The parameters investigated include the axial power shape (characterized by two separate parameters), the core pressure, and operating flow. All calculations were performed using the LAPUR code which was developed at the Oak Ridge National Laboratory for the dynamic modeling of large BWR's. 4 refs., 8 figs.

Energy Technology Data Exchange (ETDEWEB)

Equations are derived to permit calculation of the work required for the isentropic compression of a two phase fuel-air mixture. Methanol evaporation during compression is shown to substantially reduce compression work and thereby improve cycle efficiency and maximum power. Effects of evaporative cooling in the intake manifold are calculated. 14 refs.

International Nuclear Information System (INIS)

The approach estimating the leak probability of flanged joint due to the destruction of fastening studs is described. The mentioned approach consists of two stages. The probability of destroying one stud is calculated at the first stage, and the probability of different combination interpositions of intact and destroyed studs is calculated at the second one. The probability calculation of leak in the area of collector cover of steam generator PGV-1000 is used as an example of developed approach

International Nuclear Information System (INIS)

A cell calculation code SLAROM-UF was developed to improve calculation accuracy of effective cross sections for various fast reactor types. SLAROM-UF has a capability to calculate effective cross sections in ultra fine groups of about 100,000 below 50keV and in fine groups above the energy (maximum 900 groups). Resonance interaction among the fuel, the coolant, and the structure materials can be treated accurately even in a heterogeneous cell structure. Temperature can be set up freely in a cell by the ultra fine group calculation. Improvement in nuclear characteristics was observed in the analysis of JUPITER critical experiment, as 0.1% for criticality, 4% for sodium void reactivity, several % for radial reaction rate distribution, when SLAROM-UF was used instead of the typical cell calculation code. The effect of the ultra fine group calculation is remarkable ...