Using longitudinal data from Ukraine we examine the extent of any long-lasting effects of exposure to the Chernobyl disaster on the health and labourmarket performance of the adult workforce. Variation in the local area level of radiation fallout from the Chernobyl accident is considered as a random exogenous shock with which to try to establish its causal impact on poor health, labour force participation, hours worked and wages. There appears to be a significant positive association between local area-level radiation dosage and perception of poor health, though much weaker associations between local area-level dosage and other specific self-reported health conditions. There is also some evidence to suggest that those who lived in areas more exposed to Chernobyl-induced radiation have sig...
Standard micro-economics concentrate on the description of markets but is seldom interested in production. Several economists discussed the concept of a firm, as opposed to an open labourmarket where entrepreneurs would recrute workers on the occasion of each business opportunity. Coase \\cite{Coase} is one of them, who explains the existence of firms as institution because they reduce the transaction costs with respect to an open labourmarket. Whatever the rationale proposed by economists to account for the existence of firms, their perspective is based on efficiency and cost analysis. Little attention is paid to the dynamics of emergence and evolution of firms. The aim of the present manuscript is to check the global dynamical properties of a very simple model based on bounded rationality and reinforcement learning. Workers and managers are localised on a lattice and they choose ...
...] 2002, Volume 2002, Issue 2-Summer 1-16 A Descriptive Analysis of the Irish Housing Market by Duffy, David [Downloadable!] 2002, Volume 2002, Issue 1-Spring 1-13 Interpreting Recent Developments in the Economy and LabourMarket by Sexton J. J. [Downloadable!] 2001, Volume 2001, Issue 4-December 1-4 Budget 2002: Analysis of the Distributional Impact by Callan, Tim & Keeney, Mary ...
...Older Siblings by Adriaan R Soetevent & Peter Kooreman 392-415 Vocational Training and Gender: Wages and Occupational Mobility among Young Workers by Bernd Fitzenberger & Astrid Kunze 416-438 Gender Role Attitudes and the Labour-market Outcomes of Women across OECD Countries by Nicole M Fortin 439-461 Gender, Time Use, and Public Policy over ...
We study the temporal evolution of the market efficiency in the stock markets using the complexity, entropy density, standard deviation, autocorrelation function, and probability distribution of the log return for Standard and Poor's 500 (S&P 500), Nikkei stock average index, and Korean composition stock price index (KOSPI). Based on the microscopic spin model, we also find that these statistical quantities in stock markets depend on the market efficiency.
Prematurity is by far the commonest cause of neonatal morbidity and mortality. The management of premature labour is empirical because little is understood about the mechanism of labour. Effective...Full Text Available
...] 2010, Volume 11, Issue 1 3-27 The European Economic and Monetary Union and LabourMarket Reform by Elzbieta Bednarek-Sekunda & Richard Jong-A-Pin & Jakob de Haan [Downloadable!] 29-59 Educational Inequality in the EU: The Effectiveness of the National Education Policy by Raphaela Schlicht & Isabelle Stadelmann-Steffen & Markus Freitag [Downloadable!] 61-87 Opinion Polarization and Inter-Party Competition on Europe by Ian Down & Carole J. Wilson [Downloadable!] 89-117 EU Issue Voting: Asset or Liability?: How European Integration Affects Parties' Electoral Fortunes ...
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 ...
ObjectiveTo investigate the effect of maternal obesity on mode of delivery following induction of labour (IOL) for prolonged pregnancy and subsequent intrapartum and neonatal complications.DesignRetrospective...Full Text Available
High levels of unemployment are a permanent feature in the urban areas of many developing countries. South Africa is no exception in this regard. Poverty and hardship caused by unemployment force many participants in the labourmarket to venture into the urban informal economy in order to survive. The activities of the waste pickers fall within the urban informal economy. In spite of the fact that waste pickers are a common sight in the urban areas of Pretoria and other South African cities, remarkably little is known about them and scant attention is paid to them. The aim of the study was to establish a socio-economic profile of the street waste pickers in Pretoria and to describe the social interaction and relationship dynamics between the waste pickers and their families, each other, th...
Abstract We provide the first firm-level evidence of the impact of the trade in producer services (-offshoring-) on the labourmarket. Using a new data set from the UK that measures trade in services at the firm level, we find no evidence that importing intermediate services is associated with job losses or greater worker turnover. Using regression to control for observable differences between firms that import service inputs and those that do not, we show that firms that start importing intermediate services experience faster employment growth than equivalent firms that do not. This seems likely to be the result of positive demand shocks, which cause a simultaneous increase in employment, output, and use of imported service inputs.
Detailed, complete, timely and reliable statistics are essential to monitor the energy situation at a country level as well as at an international level. Energy statistics on supply, trade, stocks, transformation and demand are indeed the basis for any sound energy policy decision. For instance, the market of oil -- which is the largest traded commodity worldwide -- needs to be closely monitored in order for all market players to know at any time what is produced, traded, stocked and consumed and by whom. In view of the role and importance of energy in world development, one would expect that basic energy information to be readily available and reliable. This is not always the case and one can even observe a decline in the quality, coverage and timeliness of energy statistics over the last few years.
There has been growing international consensus on issues related to child labour - evident in various declarations, platforms, conventions, programmes of action etc. Child labour is the economic exploitation of children, or performance of any work that is likely to be hazardous or to interfere with the child's health or physical, mental, spiritual, moral or social development. Poverty is the principal cause of child labour. Mostly the children work to support their families and also for their own survival. Paradoxically, however, child labour further aggravates the poverty syndrome as it usually deprives the children of education and opportunity to acquire skills for developing earning potentials. Other causes of child labour include family indebtedness, the lack or poor quality of schooli...
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 ...
We discuss some methods to quantitatively investigate the properties of correlation matrices. Correlation matrices play an important role in portfolio optimization and in several other quantitative descriptions of asset price dynamics in financial markets. Specifically, we discuss how to define and obtain hierarchical trees, correlation based trees and networks from a correlation matrix. The hierarchical clustering and other procedures performed on the correlation matrix to detect statistically reliable aspects of the correlation matrix are seen as filtering procedures of the correlation matrix. We also discuss a method to associate a hierarchically nested factor model to a hierarchical tree obtained from a correlation matrix. The information retained in filtering procedures and its stability with respect to statistical fluctuations is quantified by using the Kullback-Leibler distance.
Contains Executive Summary and Chapters on: Energy and the Internet; Internet Developments; Search Guide; Oil and Gas Industry; Electricity and Utilities; Nuclear Energy; Coal Industry; Alternative Energy; Government and Supranational Agencies; Research Institutions and Universities; Energy Statistics; Commodity Pricing and financial Markets; Company Information; Country Information; Associations; Engineering; Environment; Patents, Trademarks and Standards; News; Industry Events; Miscellaneous. (Author)
The effects of the fluctuations of the Thai economy of the country's petroleum industry and the outlook for the future are discussed. Thailand witnessed enormous economic growth during the 1980s and the first part of the 1990s, but events since 1997 have caused it to stutter. However, the petroleum industry remains buoyant with measures to stimulate gas and oil production and moves to privatise and deregulate energy markets. Key statistics for Thailand, historical demand trends for petroleum, the impact of the 1997 Asian economic crisis, regulation of the Thai oil market, crude and condensate production levels, refinery capacity, new entrants to the refinery sector, the Thai refinery expansion programme, the product trade balance, the challenges of fuel reformulation and demand scenarios are considered.
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 ...
This paper examines the technological, socio-economic and environmental feasibility of a proposal to strengthen the Italian commercial coastal shipping system as an alternative to bolstering existing road transport facilities in order to meet the requirements of increased trade in the new European free market. This prospect is of special importance to Italy due to its long coastlines. The principal elements taken into account are: investment capital, labour and energy requirements. The study first examines the supply and demand dynamics of the European transport system. Here, attention is given to energy consumption. This examination is followed by a review of the European situation with regard to normatives governing navigation and customs duties. Road, rail and maritime transport costs are compared, and an assessment is made of the economic feasibility of an integrated-means system of transport involving the coordinated use of special ...
This paper highlights some of the conceptual and methodological problems involved in the compilation of statistics on economic aid to developing countries. Figures from the OECD Development Assistance Committee (DAC) and the Organization of Petroleum Exporting Countries (OPEC) member states are compared to point up problems in the interpretation of the statistics. One area of concern is the listing of funds provided by financial institutions located in the DAC countries. OPEC capital often forms a majority of such institutions; yet the figures do not measure the OPEC share of the capital nor its share of the risk borne in its provision of the loans. Another area of concern is bond purchases and subscriptions to syndicated loans by OPEC financial institutions in the financial markets of DAC countries. The flows in these instances, originating from OPEC sources, are merely channeled through the DAC financial ...
The size of the market for pulverized activated charcoal and particulate activated charcoal prepared by the Association of Inorganic Chemicals of Japan is 55,000t/y (1987) in total. Individually, some fields showed the expansion such as water purification, water treatment and gas treatment on the one hand, but on the other hand, several fields showed the decline such as sugar refining, dextrin sugar and soda glutamate. As a whole, the market showed no marked fluctuations or a very slight increase. Many of the above usages are traditional in the chemical industry and the food industry, etc., and the new usages developed in the past several years have not grown to influence the statistics as yet. Selection of raw material is the key for determining the character of activated charcoal. And the factors of determining the characteristic features are fine pore, surface area and surface activity (catalystic activity). Furthermore, ...
Objective: To find out safety and efficiency of Misoprostol in cervical ripening and induction of labour to achieve vaginal delivery. Results: From Misoprostol insertion to delivery time was 4-24 hours. Vaginal delivery was achieved in 80.2%, which included spontaneous, forceps and vacuum extraction. Caesarean section rate was 19.7%. Indications for C. Section included Misoprostol unresponsiveness 11% and fetal distress in 8.6%. Oxytocin augmentation was required in 32% of cases. Term babies were 58%. Intrauterine death and neonatal deaths were 9.8% and 8.6% respectively. Hyper stimulation and postpartum haemorrhage was seen in 2.4% and 3.7% of patients respectively. Conclusion: intravaginal Misoprostol is well tolerated and is very effective for the induction of labour in eclampsia. It helps vaginal delivery in toxemic patients, reduces maternal morbidity, mortality and hospital stay. (author)
The use of the cervicograph with the incorporated action and alert lines in labour management in developing country obstetrics is now well established and patients in labour in Port Moresby have been thus managed since 1973. In this study the cerviograph was introduced in hospitals and health centres in Enga Province and the results analysed. Despite intensive tuition in its use, a large number of cervicographs were incorrectly constructed, especially in health centres, and its introduction made little difference to operative delivery or perinatal mortality rates. The proportion of patients crossing the action line was much higher than in Post Moresby but this difference was probably also largely due to the inaccuracy of many cervicographs. It is likely that these difficulties will not be overcome until many more nurses with intensive training in the use of the cervicograph are available and until more deliveries take place in health ...
In 1998, EU legislation initiated a liberalisation process among European energy markets. The process of market opening has significantly changed the functioning of the markets and the competition conditions of the energy sector. At the same time, the industry witnessed a surge of mergers and far-reaching changes in the structure of German electricity and natural gas markets occurred. Against this background, the doctoral thesis at hand surveys the merger activities in the energy sector as well as the merger control policy of the German Federal Cartel Office during the first years of liberalisation. The study starts with a portrayal of the institutional framework of the German merger control regime and a survey of the relevant economic literature on horizontal and vertical mergers. Subsequent to the legal and theoretical considerations, the merger activities and the merger control policy of the German ...
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...
Understanding the impacts of climate change on viticulture is especially essential in those areas producing high-quality wines. In this work, we create an operational framework to investigate climate change impact on viticulture in the Tuscany region (central Italy) the viticulture industry of which relies on producing high-quality wines to compete in a global market. The framework includes (i) statistical downscaling of General Circulation Model (GCM) outputs for the period 1975?2099 to a local scale; (ii) the use of downscaling outputs as driving variables in specific simulation models; (iii) the spatial interpolation of model outputs to feed an economic and (iv) a quality model. The results show that as a consequence of a progressive increase in temperature and a decrease in rainfall, (...
Korean ginseng (Panax ginseng C.A. Meyer) contains several types of saponins and ginsenosides, which are usually considered the major active components of ginseng. The types and quantities of saponins found in ginseng may differ depending on the region of cultivation. As a result, ginsengs produced in different areas of Korea have been unintentionally mislabeled and/or confused by Korean herbal markets owing to their complicated plant sources. Another concern is that 4- and 6-year-old ginseng roots, traditionally prescribed for different medicinal purposes, can vary in total saponin contents. Therefore, it is necessary to establish a reliable method for distinguishing different cultivation regions and ages of ginseng roots. A rapid resolution liquid chromatography-quadruple time of flight ...
Electricity markets in the United States are undergoing unprecedented structural changes as a result of the confluence of regulatory, competitive, and technological forces. This paper introduces these structural changes and forces and discuss the implications, markets and commercialization scenarios for emerging fuel cells in evolving US electricity markets.
Abstract This article discusses the evolution of the public debate in Italy about unemployment over a period of almost ten years (1995-2002) that was particularly crucial for the Italian labour and political systems. From the early 1980s and throughout the 1990s, the country experienced major industrial change, which dramatically restructured its labour landscape. Moreover, this industrial earthquake occurred within internal (a deep political party system re-assessment and the fluctuating importance of unions) and external (European Union-driven state budgetary limits) political constraints that have heavily influenced the debate itself. The analysis of the public policy debates allows the authors of this article to portray the agendas, concepts and strategies introduced and discussed by e...
The paper seeks to illuminate everyday work practices in the economic spaces of Malaysia's business process outsourcing (BPO) industry. It draws upon empirical evidence from call centre staff and promotes analytical sensitivity to the experience of labour and spatiotemporal relations within the offshore back offices of multinational corporations located in Cyberjaya, Malaysia. The analysis provides an empirical snapshot of how IT-facilitated work practices in the global information economy are embedded and socially reproduced in everyday settings. To this end, the paper engages anthropologically with BPO labour, and critiques -globalist- representations of economic and social transformation frequently articulated through an abstract, dehumanized space of networks and flows often seen to wa...
Dec 15, 2010 ... If applicable to the agreement, that the market based pricing ...... reduce the price in order to comply with market-based pricing, ...
The quality of fuel oils is discussed. The problems that the fuel oil marketer must deal with that relate to the quality of the fuel oil are described.
However, market based pricing does not apply where the pricing requirements for specific services or .... Market based pricing only applies to the extent ...
This study intends to develop an efficient market design for the German electricity market, with particular regard to renewable energy sources. The German electricity market is disintegrated, i.e. market sectors are not coordinated by a central agency but by their own interactions. The first part of the investigation analyzes the interdependences of market sectors, while the second part will analyze funding instruments for renewable energy sources on this basis. (orig.)
The statistical properties of the bid-ask spread of a frequently traded Chinese stock listed on the Shenzhen Stock Exchange are investigated using the limit-order book data. Three different definitions of spread are considered based on the time right before transactions, the time whenever the highest buying price or the lowest selling price changes, and a fixed time interval. The results are qualitatively similar no matter linear prices or logarithmic prices are used. The average spread exhibits evident intraday patterns consisting of a big L-shape in the morning and a small L-shape in the afternoon. The distributions of the spread with different definitions decay as power laws. The tail exponents of spreads at transaction level are well within the interval $(2,3)$ and that of average spreads are well in line with the inverse cubic law for different time intervals. Based on the detrended fluctuation analysis, we find evidence of long memory in the bid-ask spread ...
Estimates of annual rates of change of fuel switching are constructed using logistic curve models fitted to often sparse historical data on fuel use in the USA. The estimated annual rate of loss of market share of an old fuel is then shown to be correlated with five-year averages of declines in the rate of growth of affected vehicle numbers. Other statistical tests show a positive correlation between five-year average changes in the rate of growth of the vehicle numbers and of macroeconomic activity when the affected vehicles are directly responsible for a large share of that activity. The vehicle types shown to have this effect are locomotives from 1885-1915 and automobiles thereafter. The third set of tests supports an interpretation that the indirect effects of fuel switches are significant and consistent with GNP throughout the 1880-1980 period. It is shown that a pronounced drop in GNP growth occurs at the time when the important fuel ...
One of the most profound features of electricity spot prices are the price spikes. Markov regime-switching (MRS) models seem to be a natural candidate for modeling this spiky behavior. However, in the studies published so far, the goodness-of-fit of the proposed models has not been a major focus. While most of the models were elegant, their fit to empirical data has either been not examined thoroughly or the signs of a bad fit ignored. With this paper we want to fill the gap. We calibrate and test a range of MRS models in an attempt to find parsimonious specifications that not only address the main characteristics of electricity prices but are statistically sound as well. We find that the best structure is that of an independent spike 3-regime model with time-varying transition probabilities, heteroscedastic diffusion-type base regime dynamics and shifted spike regime distributions. Not only does it allow for a seasonal spike intensity throughout the year and ...
The objective of this project is the development of a standard methodology for integrating non-food crops in rural areas with niche energy markets. This has involved a number of steps including (i) identification of 3 niche markets for energy crops which are of common interest to the partners, (ii) application of the standard costing methodology to investigate these three niche markets and (iii) comparison of the results from this work in three workshops (one for each market). Three tightly defined niche markets were identified; these were chosen following an examination of the national energy marekts in each of the partners countries (Ireland, Germany, Netherlands, UK, Greece and Portugal). This paper gives an overview of the national energy markets which were examined. The three niche markets are introduced and the reasons for their ...
The integration of European energy markets is a key goal of EU energy policy, and has also been the focal point of many scientific studies in recent years. International markets for coal, oil, natural gas and electricity have previously been investigated in order to determine the extent of the respective markets. This study enhances this field of research to bioenergy markets. Price series data and time series econometrics are used to determine whether residential sector wood pellet markets of Austria, Germany and Sweden are integrated. The results of the econometric tests show that the German and Austrian markets can be considered to be integrated, whereas the Swedish market is separate from the other two countries. Although increased internationalization of wood pellet markets is likely to contribute to European price ...
... The pharmacologist/toxicologist and the statistician will jointly determine if a statistical review is needed and when the review should be done. ...
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.
OBJECTIVE: To use Medicaid claims data to construct patient origin-based market areas for dental services and compare constructed market areas with those based on the practice county. DATA SOURCES:...Full Text Available
Purpose ? The Islamic social capital is characterised by a desire for moral values in production and networking which promotes opportunities for innovative interactions between sets of agents thus forwarding the Islamic ethics. The aim of this paper is to explore the factors that drive alliance formation between labour and capital in both financial and technological forms. Design/methodology/approach ? An in-depth study was made of developmental interventions within the Muslim community life of a village in the Birbhum district of West Bengal province in India. Findings ? Evidence shows that the strengthening of informal co-operative networks through the inputs of technology, financial, and human capital from across different sectors constitutes an essential element in forwarding sustainab...
ABSTRACT The relation between exports and productivity is analysed for the case of Morocco using annual panel data for the years 1985-1995 covering six large urban areas and 18 manufacturing sectors. In the empirical analysis two main features are distinguished, i.e. productivity differentials and export externalities. The former is the most dominant one for Morocco, i.e. sectors with low labour productivity export most and within-sectors exporting firms are more productive than nonexporting firms. Regarding the latter, only weakly significant evidence is found of both sector wide or within sector productivity externalities as a result of exporting.
Forward contracts play a vital role in all electricity markets, and yet the details of the market for forward contracts are often opaque. In this paper we review the existing literature on forward contracts and explore the contracting process as it operates in Australia. The paper is based on interviews with participants in Australia's National Electricity Market (NEM). The interviews were designed to understand the contracting process and the practice of risk management in the Australian energy-only pool market. This survey reveals some significant gaps between the assumptions made in the academic literature and actual practice in the Australian market place. (author)
ObjectivesTo assess the magnitude of cigarette smuggling after the market opened in Taiwan.MethodsReview of tobacco industry documents for references...Full Text Available
China's fast-growing online consumer-to-consumer (C2C) market merits widespread research efforts. However, it has so far received little research attention. In this exploratory study, we chose Taobao - a leading online C2C auction company in China with more than 70% of market shares - as our research context. We focus on the general market structure of Taobao in terms of three factors: market distribution, market growth, and market concentration. Based on these factors, we reveal the differences between Taobao and eBay. In our preliminary data analyses, we adopt total online reputation scores to measure the transaction volumes of online sellers. We also propose the sample-based Herfindal-Hirschman Index as a measure in the comparison of concentration levels between the two markets and at d...
Market based pricing only applies to the extent it is consistent with these other requirements. For example: .... work, market based pricing does not apply. ...
... Ready-to-Eat (MRE) VIII operational ration was evaluated at a field training exercise (Market Square II) with troops of the 82nd Airborne Division. ...
market is addressed through a move to a recycling-led area-based franchise model. ...market is addressed through a move to a recycling-led area-based franchise model.
This booklet outlines the position of Manitoba's heat pump market with the objective of promoting the widespread use of geothermal heat pumps in the province. It makes reference to the size of the market, customer satisfaction with heat pumps, and opinion of key players in the industry regarding the heat pump market. The information in this booklet is drawn on market research and lessons learned in Europe and the United States. In October 2001, a group of key stakeholders in Manitoba's heat pump market attended an industry working meeting to address the issues of market barriers, market enablers and market hot buttons. Market barriers include the high cost of geothermal heat pumps, lack of consumer awareness, lack of consistent standards, and public perception that heat pumps are not reliable. ...
Traditionally, market researchers have sought some formula to predict the acceptance of a new product or innovation in advance of its introduction. Perhaps a universal marketing formula will never be found. However, a summary of 3000 research studies, conducted in the United States and in other countries of the world, on how people accept new ideas promises more insight into the subject of the marketing of passive design and products than ever before.
This article examines the developing market for independent power projects in Canada. The topics of the article include bidding in Ontario, the Quebec market, powering British Columbia, and market forces at work in Canada. Discussed are current projects in all stages of completion from bidding to production and includes gas-fired cogeneration, gas-fired combined-cycle electricity generation and cogeneration, wood-waste fired plants, repowering of existing utility plants, and hydroelectric power plants.
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)
Securing the co-operation of persons supplying information required for medical statistics is essentially a problem in human relations, and an understanding of the motivations, attitudes, and behaviour...Full Text Available
Removal Sampling is an easy-to-use Windows program which calculates population statistics from removal trapping experiment data. Using maximum likelihood methods it ... ...
BackgroundStatistical autoregressive analyses of direct and delayed density dependence are widespread in ecological research. The models suggest that changes in ecological factors...Full Text Available
We show that, for the high electron currents used in present-day free-electron lasers, spontaneous radiation is distributed according to thermal statistics.
We consider the Pauli theorem on the spin-statistics connection for faster-than-light particles. As the consequence of the unlocalizability of tachyons in space we conclude that their spin-statistics correlations are inverted.
The paper describes advances in statistical methods for prevention research with a particular focus on substance abuse prevention. Standard analysis methods are extended to the typical research...Full Text Available
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.
This paper describes and analyses the new situation in the electricity market in Sweden and the attendant emergence of a unique marketing opportunity for industries and power plants to capitalize on bioenergy. This recent marketing opportunity, which is based on consumer demand, has come about through a number of recent institutional changes in Sweden that have drastically lowered the transaction costs associated with the purchase of green electricity, i.e. electricity generated in what is classified as an environmentally sound manner. This has created a functioning market for green electricity and products made using green electricity.
Over the past decade, the energy {open_quotes}paper{close_quotes} market has grown into one of the largest traded markets in the world providing hedging instruments for the producer as well as the enduser of energy products. Because banks, stockholders, and other financial providers rely on a borrower`s ability to generate cash flow to repay their investment, borrowers are increasingly turning to the derivatives markets to provide security against one of the most volatile markets in he world. The existence of this market has enhanced the ability of financial institutions to lend with confidence and appropriate aggressiveness to the oil and gas industry.
Marketing-led enterprise change management initiated by a major UK contractor is explored in this paper as a contrast to procurement-led changes to projects driven by clients. Procurement-led initiatives try to induce changes to behaviour through market governance. Relationship marketing and management proactively change organizational behaviour, the enterprise taking responsibility for its own destiny. Investment and resource allocation, and organizational behaviour have posed constraints, particularly concerning service continuity in construction. Overcoming these constraints offers opportunities for delivering service improvements and adding value for clients and yielding further increases in repeat business and increasing profitability. Relationship marketing is the conceptual starting...
This proceedings volume contains contributions by about 70 authors on market trends, funding, marketing, boundary conditions and sales promotion of thermal solar energy and photovoltaic systems. The contributions reflect the diversity of authors, e.g. consultants, advocates and agents of solar technology producers and financial organisations. Central issues were markets in and outside Europe, quality assurance, interdepartmental cooperations, and marketing strategies of the solar industry. The proceedings volume also contains the conference schedule and self-descriptions of the authors' institutions. (orig.)
The report presents an integrated software system developed at the Norwegian Electric Power Research Institute (EFI), for production scheduling, maintenance handling, network security analysis, inflow forecasting, and load forecasting. The integrated software is being developed with focus on hydro-dominated power supply systems. In specific terms it is expected that application of the software will improve the operational decisions, and make the planning process more effective. The optimal scheduling of hydro resources poses severe computational problems in system operations planning. This necessitates problem decomposition. In the EFI approach, planning is split into three main levels: long-term, mid-term and short-term planning. The long-term planning aims at evaluating the seasonal and pluriannual handling of regional storages in view of firm power supply obligations, inflow statistics, main hydraulic and electric transit limitations, and the available options ...
Most prior climate change assessments for U.S. agriculture have focused on major world food crops such as wheat and maize. While useful from a national and global perspective, these results are not particularly relevant to the Northeastern U.S. agriculture economy, which is dominated by dairy milk production, and high-value horticultural crops such as apples (Malus domestica), grapes (vitis vinifera), sweet corn (Zea mays var. rugosa), cabbage (Brassica oleracea var. capitata), and maple syrup (sugar maple, Acer saccharum). We used statistically downscaled climate projections generated by the HadCM3 atmosphere-ocean general circulation model, run with Intergovernmental Panel on Climate Change future emissions scenarios Alfi (higher) and B1 (lower), to evaluate several climate thresholds of direct relevance to agriculture in the region. A longer (frostfree) growing season could create new opportunities for farmers with enough capital to take risks on new crops ...
As the penetration of wind energy continues to increase around the world, with a trend towards large utility-scale wind farms (greater than 100 MW), effective wind energy forecasting will become increasingly important. Previous work by GH has estimated the trading benefit of high quality short-term forecasting to be EUR 7/MWh. Depending on market conditions, for a 100 MW wind farm with a capacity factor of 30%, this equates to an estimated annual trading benefit of up to EUR 1.8m. To date, a number of studies have focused on the mathematical modelling techniques for forecasting the production from wind farms, looking predominantly at the task of predicting the meteorological conditions at the site. This paper focuses on the final stage of the forecasting process, conversion from a meteorological forecast to a power production forecast. This challenge is particularly significant for utility-scale wind farms. The main body of research in short-term forecasting in ...
Pumped storage plants participate in two structurally different markets: the market for scheduled energy (also known as spot market) and the reserve market. In order to achieve the best possible plant scheduling in terms of revenues the marketing of the available capacity from pumped storage plants needs to be optimised in both markets. Moreover, due to the abilities for providing reserve, pumped storage capacities within an existing power plant portfolio can lead to synergies for the whole portfolio. The optimised combined participation of a power plant in both spot and reserve market as well as the coherent portfolio effect are considered as particular challenges in energy economic assessments, e.g. in the light of investment decisions. Based on an extension project and in cooperation with RWTH Aachen University an optimised combined ...
... Note that the terminal ... Probability and Statistics with Reliability, Queueing, and Computer ... Weiss, G., "Stochastic Bounds on Distributions of Optimal ...
Summary The aim of the study was to perform a retrospective review of records to test a possible significant association between sudden, modest weight loss (t-test and Wilcoxon test p values were 0.95 and 0.61, respectively. A Kolmogorov-?Smirnov test p value was 0.2139. A one-half standard deviation difference in time to delivery, approximately 2.5 days, was detectable with 0.95 probability. It was concluded that these data may be the first time this question has been investigated and provide evidence that sudden, modest weight loss at the end of pregnancy is not associated with shorter time to onset of natural labour.
This article reviews the little examined early work of the Greek Marxist and state theorist, Nicos Poulantzas (1936-1979). In his first book, Nature du choses et droit of 1965, the young scholar developed a sociology of law culled from the insights of philosophical ontology. The article sets out the central claims of that book and reflects on its place in Poulantzass intellectual development. Drawing on Heidegger, Sartre and Marx, Poulantzas proposed a species of Natural Law theory that unified `facts' and `values' by grounding legal concepts in a theory of social praxis centred on material labour. Legal categories were thus irreducible to ahistorical essences but were, rather, expressions of mankinds struggle to realize its intrinsic freedom. As we shall see, although flawed and in key re...
This paper analyses Italian interregional migration flows. The approach taken is to decompose labour mobility flows into short distance and long distance migration and to model the effects of economic variables, social capital and quality of life variables, and amenity variables, on the mobility behaviour of individuals. We estimate these different types of migration flows using a negative binomial model, augmented with instruments to control for potential endogeneity issues. Our findings demonstrate that long distance migration reflects a disequilibrium model of migration whereas short distance migration largely reflects an equilibrium model of migration. As such, attempts to model interregional migration in general will be mis-specified as the simultaneously-operating underlying mobility...
A novel approach using reactive processing is explored that eliminates the labour-intensive separation of post-consumer polyolefin waste from the mixed plastics waste stream. The reactive compatibiliser BMI has been used to form a modified blend of PCPW with 40% improved tensile strength relative to the uncompatibilised control. Addition of 60 wt.-% magnesium hydroxide [Mg(OH)2] during reactive compatibilisation with BMI gave rise to an even more significant enhancement (up to 100%) of the tensile strength. BMI was also able to usefully enhance the properties of a composite based on calcium carbonate and the polyolefin waste.
This paper analyses the effectiveness of non-formal schools for working children in Jalandhar, Punjab, India, in mainstreaming child labourers into the formal education system through incentivised, informal schooling. Using a family fixed effects model and sibling data as an equivalent population comparison group, I find that the non-formal schools effectively provide an alternative to formal primary education and also show high success rates of mainstreaming and maintaining children into post-primary education relative to the control group. I find that the children within the non-formal schools are 40.47-50.07% more likely to still be studying relative to the sibling-inclusive control group, and have 1.976 to 3.389 years less of a gap in educational attainment. I conclude that the child l...
This issue of Carbon Market Perspectives on 'Pathways for implementing REDD+: Experience from carbon markets and communities' discusses the role of carbon markets in scaling up investments for REDD+ in developing countries. Nine articles authored by experienced negotiators on REDD+, carbon market actors, project developers and other leading experts share experiences and make suggestions on the key elements of a future international REDD+ regime: Architecture and underlying principles, measuring, reporting and verification (MRV), private-sector involvement, the rights of indigenous people and local communities, biodiversity conservation and environmental integrity. The articles are grouped under three main topics: the lessons of existing REDD+ projects; the future REDD+ regime and the role of carbon markets; and experiences and ideas about the involvement of ...
We empirically investigated the relationships between the degree of efficiency and the predictability in financial time-series data. The Hurst exponent was used as the measurement of the degree of efficiency, and the hit rate calculated from the nearest-neighbor prediction method was used for the prediction of the directions of future price changes. We used 60 market indexes of various countries. We empirically discovered that the relationship between the degree of efficiency (the Hurst exponent) and the predictability (the hit rate) is strongly positive. That is, a market index with a higher Hurst exponent tends to have a higher hit rate. These results suggested that the Hurst exponent is useful for predicting future price changes. Furthermore, we also discovered that the Hurst exponent and the hit rate are useful as standards that can distinguish emerging capital markets from mature capital markets.
In this paper it will be discussed how to most effectively give room to competitive forces in natural gas markets, given the traditional merchant pipeline as point of departure. Alternative models of organizing the market will be reviewed: we first consider decreasing barriers to entry and then analyse advantages and drawbacks of a third party access system. In this context different forms of implementing a competitive market for transportation capacity and coordinating it with gas trade are discussed, among them a simultaneous auction of gas and transmission capacity. Finally a hub system of point markets will be suggested to improve the currently implemented third party access system and to allow for competitive markets for gas and transportation service. 33 refs., 6 figs.
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 ...
The European Union (EU) market integration is leading to increasingly monopolistic electricity market infrastructures, which has opened a debate on the regulation of these so-called power exchanges. In this paper, we start by stating that there are two types of power exchanges in Europe, i.e. 'merchant' and 'cost-of-service regulated' power exchanges. We then discuss how regulation can be used to better align their incentives with the main power exchange tasks. We conclude that adopting the cost-of-service regulated model for all power exchanges in Europe could be counterproductive in the current context, but that regulation can help ensure that the benefits of the EU market integration materialize. Promising regulatory actions include tempering the reinforced market power of power exchanges, and quality-of-service regulation for the ongoing cooperation among power exchanges to organize trade across ...
The study examines the question of whether or not civilian marketing practices and principles can be applied in the military care setting. Using the NRMC Great Lakes as a basis, the answer is yes--consumers of military medical care are ready to be the rec...
Today, hospitals are involved extensively in social marketing and promotional activities. Recently, investigators from the Centers for Disease Control and Prevention (CDC) estimated that routine testing...Full Text Available
BackgroundNew Zealand's Primary Health Care Strategy (NZPHCS) was introduced in 2002. Its features are substantial increases in government funding delivered as capitation payments,...Full Text Available
Conference paper regarding research in freeze-protection methods that could extend market acceptance for passive solar domestic water heating systems in more northern climates if the U.S.
This article examines the effects of competition of geothermal energy production with other technologies. The topics of the article include near-term market growth, cause for cautious optimism, limits to development of geothermal energy production, economic arguments for development of geothermal power plants, the effects of a competitive market on industry survival.
In recent years, the food and beverage industry in the US has viewed children and adolescents as a major market force. As a result, children and adolescents are now the target of intense and specialized...Full Text Available
Many energies companies rely heavily on the financial markets to fund expansion plans due to the capital intensive nature of this industry. The dramatic and rapid changes in the financial markets over the last few years create both challenges and opportunities for oil and gas companies trying to survive a volatile era and to position themselves for recovery. These market volatilies have bred new financial techniques and opportunities in both the domestic and global capital markets. This paper discusses specific applications, benefits and advantages of these new techniques and financial products to energy companies.
In this paper extended models for estimating price developments on electricity markets are presented. The models consider deviations from the normality hypothesis of the prices. Based on an ARMA model combination with GARCH, Gaussian-mixture and switching-regime approaches are comparatively discussed. The comparison is based on historic electricity prices of the spot and two reserve markets in Germany. It is shown that the proposed extended models lead to significantly improved representations of the considered stochastic price processes. It is inferred that these models may be preferred for estimating price developments on electricity markets. (author)
The potential market for irradiated chicken breasts was investigated using a mail survey and a retail trial. Results from the mail survey suggested a significantly higher level of acceptability of irradiated chicken than did the retail trial. A subsequent market experiment involving actual purchases showed levels of acceptability similar to that of the mail survey when similar information about food irradiation was provided.
The issues of the geothermal resource at Brady's Hot Springs are dealt with: the prospective supply of feedstocks to the ethanol plant, the markets for the spent grain by-products of the plant, the storage, handling and transshipment requirements for the feedstocks and by-products from a rail siding facility at Fernley, the probable market for fuel ethanol in the region, and an assessment of the economic viability of the entire undertaking.
The budding natural gas markets in East Europe attract a great deal of interest from natural gas industries in the Western countries. Dutch companies, institutions and the government, too, are active in this market. So far the results have not been spectacular. An analysis is made of the present situation and the Dutch approach
To many, recent developments in electric markets are perplexing. Competition has appeared, often in the form of new players who do not own and operate generation or transmission facilities. Yet, these players happily enter into contracts obliging them to make or take delivery of power at set prices for months or even years into the future. They seem unconcerned about predicted capacity shortages, fuel price uncertainty or unpredictable plant outages. For the most part, these new players understand these risks quite well. They simply believe in the efficacy of markets. Until recently, price ensured recovery of cost. They foresee a true market where price makes supply equal demand and cost is not a factor in the short term at least. The appearance of such players is an augury of the new industry structure, one in which specialists in taking and managing distinct business risks evolve from within or enter from outside. They ...
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 ...
Microstructure of market dynamics is studied through analysis of tick price data. Linear trend is introduced as a tool for such analysis. Trend arbitrage inequality is developed and tested. The inequality sets limiting relationship between trend, bid-ask spread, market reaction and average update frequency of price information. Average time of market reaction is measured from market data. This parameter is interpreted as a constant value of the stock exchange and is attributed to the latency of exchange reaction to actions of traders. This latency and cost of trade are shown to be the main limit of bid-ask spread. Data analysis also suggests some relationships between trend, bid-ask spread and average frequency of price update process.
We present a detailed analysis of the self-organization phenomenon in which the stylized facts originate from finite size effects with respect to the number of agents considered and disappear in the limit of an infinite population. By introducing the possibility that agents can enter or leave the market depending on the behavior of the price, it is possible to show that the system self-organizes in a regime with a finite number of agents which corresponds to the stylized facts. The mechanism to enter or leave the market is based on the idea that a too stable market is unappealing for traders while the presence of price movements attracts agents to enter and speculate on the market. We show that this mechanism is also compatible with the idea that agents are scared by a noisy and risky market at shorter time scales. We also show that the mechanism for self-organization is robust with ...
Policy makers are turning to market-based mechanisms to engender innovative ways of reducing polluting air emissions. As with any emerging market, environmental policies must be carefully crafted so that the institutions and incentives needed to form working markets are developed. Attention must be paid to creating avenues for communities and other 'non-moneyed' or unorganised interests to be involved in the new market processes. This paper proposes a strategy to create sustainable, community-based methods to reduce polluting air emissions within the context of market-based incentive programs. By enabling communities to effectively participate in environmental solutions, they will truly be able to 'think globally, act locally'. (author)
A statistical treatment has been applied to interpret the experimental data on the Xe M-shell vacancy production in slow 1.05 MeV Xe-Xe collisions and is shown to give better agreement with experiment than that of the molecular-orbital models.
Table of Contents: Overview of Organization and Contents of Document; Analytical Data Collection Efforts and Definition of Options; Description of Data Conventions; Statistical Methodology: Modified Delta-Lognormal Model; Estimation Under the Modified Del...
This paper presents a new deformable model using both population and patient-specific statistics to segment the prostate from CT images. There are two novelties in the proposed method. First,...Full Text Available
Profile of aid statistics to Pakistan. Shows the amount of aid received, the major donors and the form in which the majority of the aid is given. Especially useful when compared to the aid profile of similar countries. Shows that ODA accounts for about 1.5% of Pakistani GDP and that it is distributed over various sectors.
...Programme Manager Interests Multilevel Statistical Modelling Geography of Health and Health Care Geographical Data Analysis Census Data Analysis Health Services Research (in particular Research Design, Statistical Analysis and Epidemiology) people/mgould.html Homepage | Contacts | Site Map | Privacy Statement | Webmaster | ...
We develop a statistical framework to study the relationship between chromatin features and gene expression. This can be used to predict gene expression of protein coding genes, as well as microRNAs....Full Text Available
We propose an extension of Gaussian mixture models in the statistical-mechanical point of view. The conventional Gaussian mixture models are formulated to divide all points in given data to some kinds of classes. We introduce some quantum states constructed by superposing conventional classes in linear combinations. Our extension can provide a new algorithm in classifications of data by means of linear response formulas in the statistical mechanics.
In developing countries with rapidly growing economies, energy consumption will more than triple by 2030. This will require more than 8 trillion euros in investments in energy in these countries. The way these investments are made will be crucial in determining whether greenhouse gas emissions will rise proportionately. By creating a worldwide, lucrative market for clean technologies, countries can use the money they set aside for fighting climate change to stimulate large-scale private investment in clean energy production and efficient energy consumption. A well-functioning market ensures that money is invested where it will be the most cost-effective and will have the greatest impact in helping to solve a generally recognised problem. This also means making sure that innovations get to the market, so as to take advantage of economies of scale. The conference on 16 and 17 October 2006 in Amsterdam was the official start ...
CRE is the French commission for energy regulation. CRE's remit is to assist in ensuring the proper operation of the electricity and natural gas markets for the benefit of the end-user. In particular, CRE ensures that the conditions of access to electricity and natural gas transmission and distribution systems do not hinder the development of competition. It monitors, for the electricity and natural gas sectors, all transactions made between suppliers, traders and producers, all transactions made on the organised markets and cross-border trading. It ensures that suppliers, traders and producers propose offers that are consistent with their financial and technical constraints. It monitors the implementation of and compliance with regulations giving consumers the right to choose their supplier in a competitive market, and allowing new suppliers to enter the market. This document is the 2008 ...
RooStats is a project to create advanced statistical tools required for the analysis of LHC data, with emphasis on discoveries, confidence intervals, and combined measurements. The idea is to provide the major statistical techniques as a set of C++ classes with coherent interfaces, which can be used on arbitrary model and datasets in a common way. The classes are built on top of RooFit, which provides a very convenient functionality for modeling the probability density functions or the likelihood functions, required as inputs for any statistical technique. Furthermore, RooFit provides the functionality for easily creating models, for analysis combination and for digital publication of the likelihood function and the data. We will present in detail the design and the implementation of the different statistical methods of RooStats. These include various classes for interval estimation and for hypothesis ...
In March 1980, administrators of Clarkson College of Technology made a decision to convert the college's downtown heating plant to one that can rely on wood as a fuel. The decision was prompted by high costs of oil and gas needed to heat the downtown campus. In October 1981, a wood-fired plant with a rated steam production capacity of 10,500 lb/hour went into a trial operation. The plant cost $685,742 which includes $625,642 for material and labour and $60,100 for engineering. In the 1981 to 1982 heating season, it supplied 55 percent of the steam needs of the downtown campus with a wood fuel consumption of 2,857 tons. Under normal operation, the wood-fired plant will require about 4,500 tons of green wood chips per heating season. The investment in the wood-fired plant is expected to have a real rate of return (after discounting inflation) in the range of 20 to 23 percent per year. This study, sponsored by the New York State Energy Research and ...
Radiation decontamination of dry ingredients, herbs and enzyme preparations is a technically feasible, economically viable and safe physical process. The procedure is direct, simple, requires no additives and is highly efficient. Its dose requirement is moderate. Radiation doses of 3-10 kGy (0.3-1 mrad) have proved sufficient to reduce the viable counts to a satisfactory level. Ionising radiations do not cause any significant rise in temperature. The flavour, texture or other important technological or sensory properties of most ingredients are not influenced at radiation doses necessary for satisfactory decontamination, and radiation obviates the chemical residue problem. The microflora surviving radiation decontamination of dry ingredients are more susceptible to subsequent antimicrobial treatments. Recontamination can be prevented as the product can be irradiated in its final packaging. Irradiation could be carried out in commercial containers and would result in considerable ...
The design of a gaging head for a portable radionuclide X-ray fluorescence analyzer is described. The gaging head is designed as a construction unit system which enables the application of lateral reflexion geometry as well as of coaxial geometry. It is designed so that adjustment from one geometry to the other is labour and time saving. The selection of characteristic radiation is performed by a couple of Ross' differential filters. These filters are prepared by a novel technique developed by our laboratory. The filter exchange is effected by the longitudinal move of the couple of filters encapsulated in a holder. The shift of the filters is controlled by means of a triggering mechanism situated in the body of the gaging head handle. This design makes is possible to handle the gaging head during measurements with one hand. A simple interchange of the absorption filter for the transmissive filter allows the operator to avoid any unwanted shift of the head during ...
This work deals with a study on estimation of energy consumption in eight readily defined unit operations of cashew nut processing. Data for analysis were collected from nine cashew nut mills stratified into small, medium and large categories to represent different mechanization levels. Series of equations were developed to easily compute requirements of electricity, fuel and labour for each of the unit operations. The computation of energy use was done using spreadsheet program on Microsoft Excel. The results of application test of the equations show that the total energy intensity in the cashew nut mills varied between 0.21 and 1.161MJ/kg. Electrical energy intensity varied between 0.0052 and 0.029MJ/kg, while thermal energy intensity varied from 0.085 to 1.064MJ/kg. The two identified energy intensive operations in cashew nut processing are cashew nut drying and cashew nut roasting, altogether accounting for over 85% of the total energy consumption in all the ...
ObjectivesIn the long term, we aim to improve understanding of the relationships between ecosystem services, water resources, food production and poverty in Sub-Saharan Africa. Specifically, we seek to understand how local communities deal with climate-related risk and uncertainty and the opportunities they have - or could have - in shaping adaptation planning around pro-poor, small-scale irrigation and to identify priorities for ecosystem management, particularly in terms of pro-poor water allocation. In [continued...]DescriptionIncreased food production is widely considered to be a fundamental step toward the reduction of poverty in Sub-Saharan Africa (SSA). Although the agricultural sector account for two-thirds of the labour force, SSA is the only region in the world where per capita food production declined over the latter half of the 20th century. It also remains highly vulnerable to extreme climate variability and future climate change as almost all ...
Nuclear Fuel Plant (FCN) is a facility that produces fuel bundles of CANDU-6 type for the CANDU nuclear power plant. Only natural and depleted uranium in bulk and itemized form are present as nuclear materials in this facility. Uranium and wastes from the plant are handled, processed, treated and stored throughout the entire facility. The nuclear materials with natural and depleted uranium are entirely under nuclear safeguards. The amount of uranium present in the plant in different forms and activities together with zircaloy, beryllium and other hazardous substances, wastes, explosive materials at high temperatures, etc. lead to special measures undertaken by Nuclear Safety Department (DNS) to ensure nuclear safety. Different aspects of safety are continuously monitored in the plant: operational safety, industrial safety, radiological safety, labour safety, informational safety. The emergency preparedness and response, physical protection and the security of the ...
The changes envisaged in the Management's draft plan will focus the resources of the Laboratory on the LHC project and its completion. One of CERN's largest areas of spending is in Industrial Service Contracts, which currently amount to nearly 15% of the CERN budget. At present more than 2000 people have access to CERN through such contracts, although the nature of the contracts means that expenditure is not only on labour but also on materials. The revised cost to completion of the LHC has caused understandable concern that savings in Industrial Services will give rise to job losses at CERN, and rumours of '500 lay-offs' appeared in some newspaper reports. These reports were based on misunderstanding and speculation rather than the actual plan being prepared at CERN. The current proposal regarding expenditure on Industrial Services - which is supported by the findings of Task Force 3 - is to redirect about CHF170 M to the LHC, spread over the period 2003-2009. ...
Using a unique high-frequency futures dataset, we characterize the response of U.S., German and British stock, bond and foreign exchange markets to real-time U.S. macroeconomic news. We find that news produces conditional mean jumps; hence high-frequency stock, bond and exchange rate dynamics are linked to fundamentals. Equity markets, moreover, react differently to news depending on the stage of the business cycle, which explains the low correlation between stock and bond returns when averaged over the cycle. Hence our results qualify earlier work suggesting that bond markets react most strongly to macroeconomic news; in particular, when conditioning on the state of the economy, the equity and foreign exchange markets appear equally responsive. Finally, we also document important contemporaneous links across all markets and countries, even after controlling for the effects of ...
In this paper the problem of developing optimal bidding strategies for the participants of oligopolistic energy markets is studied. Special attention is given to the impacts of suppliers' emission of pollutants on their bidding strategies. The proposed methodology employs supply function equilibrium (SFE) model to represent the strategic behavior of each supplier and locational marginal pricing mechanism for the market clearing. The optimal bidding strategies are developed mathematically using a bilevel optimization problem where the upper-level subproblem maximizes individual supplier payoff and the lower-level subproblem solves the Independent System Operator's market clearing problem. In order to solve market clearing mechanism the multiobjective optimal power flow is used with supplier emission of pollutants, as an extra objective, subject to the supplier physical constraints. This ...
This paper analyses the complex, non-linear effects of spot price drivers in wholesale electricity markets: their intra-day dynamics and transient irregularities. The context is the UK market, after the reforms introduced in March 2001, analysed with an original set of price drivers reflecting economic, technical, strategic, risk, behavioural and market design effects. Models are estimated separately as daily time-series of the 48 half-hourly trading periods. All coefficients exhibit substantial intra-day variation, relating to the heterogeneity of operating plants and market design aspects. This reveals a market responding to economic fundamentals and plant operating properties, with learning and emergent financial characteristics, as well as some strategic manipulation of capacity, most effectively exercised by the more flexible plants. Using regime-switching parameters, the ...
The liberalization of the electricity sector requires utilities to develop sound operation strategies for their power plants. In this paper, attention is focused on the problem of optimizing the management of the thermal power plants belonging to a strategic producer that competes with other strategic companies and a set of smaller non-strategic ones in the day-ahead market. The market model suggested here determines an equilibrium condition over the selected period of analysis, in which no producer can increase profits by changing its supply offers given all rivals' bids. Power plants technical and operating constraints are considered. An iterative procedure, based on the dynamic programming, is used to find the optimum production plans of each producer. Some combinations of power plants and number of producers are analyzed, to simulate for instance the decommissioning of old expensive power plants, the installation of new more efficient ...
Private transfers of capital from the Organization of Petroleum Exporting Countries (OPEC) to developing countries are intended to complement private transfers from the Organization of Economic Cooperation and Development (OECD) by tapping the emerging capital markets in the Middle East. Developing countries will be able to diversify their borrowing and gain additional financing. The long-term investment of oil-producing countries will benefit and the pressures on the banking institutions to recycle funds will lessen. Middle East capital markets include international loans and international bonds. The history of the Kuwaiti dinar (KD) bond market, with its advantages for both investors and borrowers, illustrates the successful development of a capital market. Financial intermediation needs to be improved, however, if the Middle East is to become efficient enough to compete with the Euromarkets. ...
Unlike markets for storable commodities, electricity markets depend on the real-time balance of supply and demand. Although much of the present-day grid operate effectively without storage technologies, cost-effective ways of storing electrical energy can make the grid more efficient and reliable. This work addresses an economic comparison between emerging and traditional Electric Energy Storage (EES) technologies in a competitive electricity market. In order to achieve this goal, an appropriate Self-Scheduling (SS) approach must first be developed for each of them to determine their maximum potential of expected profit among multi-markets such as energy and ancillary service markets. Then, these technologies are economically analyzed using Internal Rate of Return (IRR) index. Finally, the amounts of needed financial supports are determined for choosing the emerging technologies ...
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 ...
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 of price caps based on the Kuhn-Tucker ...
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.
This report describes and analyzes renewable energy seen as emerging markets, focusing on wind, solar and wave power. The conclusions are that: Wind and solar energy has reached critical mass. They are already large markets, and has a high growth rate. There are growth areas that may become among the world's largest industries in the future. This summary report and the underlying studies of wind, solar and wave power show that there is a large potential market for renewable energy sources. Wind power is already a market worth around 36.5 billion Euro. Solar energy is growing strongly and solar cells in 2008 had a market worth around 24 billion Euro. Wave power is at present a very small market and the in the actual development stage the potential of wave power is uncertain. But if the wave would become commercially viable, it could represent a ...
Over the last year, the energy industry firmly established itself as the premier borrowing sector in the international financial markets. While Europe and North America's major energy companies continue to access the loan market as their main source of financing, with a steady flow of new international borrowings, their peers from other areas of the world, such as Latin America and the Middle East, are in the process of positioning themselves in the market as regular borrowers and have become an important new source of fee income for industry's bankers. (Author).
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.
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.
We develop a framework based on microeconomic theory from which the ideal gas like market models can be addressed. A kinetic exchange model based on that framework is proposed and its distributional features have been studied by considering its moments. Next, we derive the moments of the CC model (Eur. Phys. J. B 17 (2000) 167) as well. Some precise solutions are obtained which conform with the solutions obtained earlier. Finally, an output market is introduced with global price determination in the model with some necessary modifications.
This publication, part of the series titled Market Guide for Steam Coal Exports from Appalachia provides information on export markets, contracts, and related matters for producers and others involved in mining, selling, and shipping Appalachian coal to foreign buyers. It also includes information on the financial institutions that provide export finance and how they are used. Senior officers of more than 40 banks ranged from the largest money center bank and a major foreign bank in New York City to small banks in Appalachia.
This paper reports on three series of laboratory experiments designed to test the performance of the Hahn-Noll revenue neutral auction (RNA). An alternative institution, a no-rebate uniform price auction (UPA), is also examined as a benchmark. In these experiments, the RNA markets were little different from UPA markets in terms of either prices or market efficiencies. The two institutions did differ in terms of the distribution of the gains from exchange and of the propensity of bidders to engage in a certain type of overbidding. 25 refs., 13 figs., 3 tabs.
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.
As is well documented, subprime mortgage markets carried significant default risk. This paper investigates the relationship between default risk premium, stock market conditions and macroeconomic variables during the financial crisis. Using iTraxx Japan Credit Default Swap (CDS) index spreads covering the period from March 2006 to November 2009, we employ a time-varying dynamic factor model with Markov regime switching to generate regime probabilities for default risk. We analyze the sensitivity of default risk premium changes to stock market conditions and macroeconomic variables by using two-state Markov switching models: a crisis regime sparked by rising loan defaults in the sub-prime mortgage market, and a non-crisis regime. We found strong evidence that the relationship between defaul...
from a broad range of sources including industrial and consumer products, food additives and drugs that never made it to the market to evaluate the predictive toxicity...
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.
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Mar 2, 2011 ... United Technology spun off a new company, Waterjet Systems, to commercialize and market the technology. The resulting ARMS (Automated ...
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 ...
In this article we explore ways in which pro-market discourses have been interpreted in policy initiatives in Argentina since the 1970s. Our argument is that even though pro-market discourses have guided reforms in many aspects of public policies in Argentina, the arena of education has overall been resistant to taking them up. The first part of the article analyses the origins of a strong discursive and symbolic link between notions of 'public education' and 'National State-centred education' in Argentina and then examines the development of private education in that country. The second section analyses economic change in Argentina and describes the influence that pro-market ideologies had on policies of the military dictatorship of the 1970s. Third, we present reforms implemented during ...
The polyene antibiotic Amphotericin B (AMB) is one of the first therapeutic agents to be marketed commercially as nanosized formulations in which the drug is associated with lipids as liposomes or complexes....Full Text Available
This paper employs a new approach in order to investigate the underlying relationship between stock markets and exchange rates. Current approaches suggest that the relative equity market performance of two countries is linked to their exchange rate. In contrast, this study proposes an alternative approach where one global variable - global equity market returns - is believed to have an effect on exchange rates, with the relative interest rate level of a currency determining the sign of the relationship. Our empirical findings suggest that exchange rates and global stock market returns are strongly linked. The value of currencies with higher interest rates is positively related with global equity returns, whereas the value of currencies with lower interest rates is negatively related with g...
This paper provides an alternative approach to Duffie and Lando [Econometrica 69 (2001) 633-664] for obtaining a reduced form credit risk model from a structural model. Duffie and Lando obtain a reduced form model by constructing an economy where the market sees the manager's information set plus noise. The noise makes default a surprise to the market. In contrast, we obtain a reduced form model by constructing an economy where the market sees a reduction of the manager's information set. The reduced information makes default a surprise to the market. We provide an explicit formula for the default intensity based on an Azema martingale, and we use excursion theory of Brownian motions to price risky debt.
Climate change is no longer questioned. Meeting growing global energy needs - while limiting the rate of climate change over the long term - will require both developed and developing countries to move to fuels with lower emissions of greenhouse gases and to adopt more energy-efficient technologies. Investment decisions made today will be pivotal in determining the path of global energy consumption for decades to come. Energy markets, financial markets, and the markets in which greenhouse gas emissions are traded - the so-called 'carbon markets' - together determine which technologies are adopted, and how quickly. Over the next half-century, energy demand will grow almost four times as rapidly in developing countries as in developed countries. Consequently, finding ways to increase investment in cleaner energy technologies in rapidly-growing economies in the developing world will be an ...
This paper provides a systematic empirical analysis of the role of the housing market in the macroeconomy in the US and the euro area. First, it establishes some stylised facts concerning key variables in the housing market on the two sides of the Atlantic, such as real house prices, residential investment and mortgage debt. It then presents evidence from Structural Vector Autoregressions (SVAR) by focusing on the effects of monetary policy, credit supply and housing demand shocks on the housing market and the broader economy. The analysis shows that similarities outweigh differences as far as the housing market is concerned. The empirical evidence suggests a stronger role for housing in the transmission of monetary policy shocks in the US. The evidence is less clear-cut for housing demand...
Summary brochure of GeoPowering the West (GPW) activities, and areas of technology transfer and market transformation. It also provides current contact information for key DOE and national laboratory staff representing the GPW program.
Competitive bidding for ancillary services (A/S), in addition to bidding for energy, is increasingly recognized as an important part of electricity markets. In this paper, an LP-based approach is presented for solving the multi-product (i.e. energy and A/S products), multi-zone/area physical market dispatch problem. The approach can explicitly represent various constraints, such as reserve requirement constraints, network security limits, and sharing of constrained resource capacity (e.g. maximum unit generation) between energy and reserve. The joint dispatch method, which dispatches energy and reserve market concurrently, is extended to allow inter-zonal reserve trading in multi-zone competitive pool. Numerical examples are included to demonstrate the salient characteristics of the joint dispatch solution.
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 ...
The stock market has been known to form homogeneous stock groups with a higher correlation among different stocks according to common economic factors that influence individual stocks. We investigate the role of common economic factors in the market in the formation of stock networks, using the arbitrage pricing model reflecting essential properties of common economic factors. We find that the degree of consistency between real and model stock networks increases as additional common economic factors are incorporated into our model. Furthermore, we find that individual stocks with a large number of links to other stocks in a network are more highly correlated with common economic factors than those with a small number of links. This suggests that common economic factors in the stock market can be understood in terms of deterministic factors.
As adulterated and substituted Chinese medicinal materials are common in the market, therapeutic effectiveness of such materials cannot be guaranteed. Identification at species-, strain- and locality-levels,...Full Text Available
Electric cars are as unpopular as ever, but the hopes for environmentally sound, quiet vehicles may lie, surprisingly, with the commercial market. Advances in electric vans and lorries are reviewed. (author).
Chapter 10 of the manual that describes on-the-ground operations that strengthen the likelihood that our forests will be healthier, more diverse, and ... ...
The next generation of particle accelerator is currently being designed at CERN. An understanding of the market forces in the computer industry will play a crucial role in the success of the project.
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.
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)
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. (author)
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.
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 ...
...on Environmental Expert Aanderaa Data Instruments develops, manufactures and markets oceanographic and meteorological instruments and special systems for collecting environmental data. Data can be ...
With more women entering the labor market, concern about adverse effects of occupational exposure on reproductive health has been increasing. Of special importance are those agents which might cause...Full Text Available
California s major energy utilities and the California Energy Commission (CEC) are seeking to allocate capital that yields the greatest return on investment for energy infrastructure that meets any part of the need for reliable supplies of energy. The utilities are keenly interested in knowing the amount of electrical energy savings that would occur if cool roof color materials are adopted in the building market. To meet this need the Oak Ridge National Laboratory and the Lawrence Berkeley National Laboratory (LBNL) have been collaborating on a Public Interest Energy Research (PIER) project to develop an industry-consensus energy-savings calculator. The task was coordinated with an ongoing effort supported by the DOE to develop one calculator to achieve both the DOE and the EPA objectives for deployment of cool roof products. Recent emphasis on domestic building energy use has made the work a top priority by the Department of Energy s (DOE) Building Technologies ...
...Events Archive Worldwide Africa Programme Arab Programme Asia and Pacific Programme Europe and NIS Programme Latin American and Caribbean Programme Least-Developed Countries South-South Cooperation Human Security Directory of Offices Research & Statistics Publications Research and Statistics Subsites Annual Report Evaluation Group Investment and Technology Promotion Policymaking Organs Legal Resources Goodwill Ambassadors Industrial Competitiveness and Trade Private Sector Development Environmental Management Energy and Climate Change Research and Statistics Financial Institutions Partnerships Thematic ...Events Archive Worldwide Africa Programme Arab Programme Asia and Pacific Programme Europe and NIS Programme Latin American and Caribbean Programme Least-Developed Countries South-South Cooperation Human Security Directory of Offices Research & Statistics Publications Research and ...
Success in improving hydropower project efficiency has opened more global markets for variable-speed generator technology. Manufacturers continue to test the markets as the technology evolves. The potential of variable-speed application becomes evident considering that more than 150 pumped storage plants, with a combined capacity exceeding 100,000 MW, are in operation globally.
... By applying non-market valuation methods, we focus on analysing individual preferences in respect of (environmental) non-market goods. The principal object of research interest is the valuation of pollution impacts and effects of working processes on human health resulting in premature deaths, risk alterations, and various disease symptoms. We also deal with valuation of non-production ecosystem (forest) functions and benefits, inter alia ...
In spite of the fact that market requirements for new plants continue to be restricted, steam turbine technology and operation engineers have left nothing undone to improve products and operating characteristics. They are generally guided by the principle of optimum economic power supplies but lowest pollution. The new eastern markets are expected to give new impulses to steam turbine design. Cogeneration is of special future importance. (orig.).
This autumn, Nice welcomed the thirteen European photovoltaic conference. It was the occasion for the world of solar energy to measure technical progress which were carried out and the market which are still to win. If developing countries are a reserve of new markets, they are not solvent and programmes depend on North/South negotiations. (N.C.).
As competition dramatically reshapes power markets, electric utilities strive to increase flexibility in their commitments and limit exposure to market risks. This paper provides an overview of a promising tool called option valuation which is useful for analyzing and managing risks. The paper demonstrates an application of these techniques for developing new pricing products tailored to meet customers` risk preference.
A primary and basic question prevails in the methanol industry - What will be the global demand for methanol, for the expanded production of methyl tertiary butyl ether (MTBE), during the next few years This article attempts to answer the question by discussing the global market; supply and demand factors; the market in North America, Western Europe, Far East and Asia, South America, and other regions; and the uncertainties that remain.
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 ...
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.
Reputation and recommendation systems are fundamental for the formation of community market places. Yet, they are easy targets for attacks which disturb a market's equilibrium and are often based on cheap pseudonyms used to submit ratings. We present a method to price ratings using trusted computing, based on pseudonymous tickets.
The Department of Energy has used its seldom-used statutory authority and filed comments with the Federal Energy Regulatory Commission urging support for Public Service Company of Indiana's request that the FERC allow it to sell up to 450 megawatts of firm power to eligible wholesale purchasers at negotiated or market-based rates in exchange for open transmission access for other generators.
A valuation methodology for commodity storage facilities is proposed. This model utilizes traded instruments to replicate the fundamental derivative components of commodity storage facilities. The methodology is robust to different commodities, physical characteristics, and markets for valuing these types of assets. Two examples using the U. S. natural gas markets are presented.
(1) Most ancillary services needed for real-time control of the transmission grid and to meet operating criteria can be competitively supplied and competitively procured. (2) The independent service operator (ISO) must directly control the generators and loads, which supply ancillary services. (3) Comparability of access to ancillary services is achievable through the ISO-based competitive market structure.
The SCF approximation is used in a statistical theory of melting based on equality of the chemical potentials. The results for the melting points of the inert gases are close to the observed values.
Humans, like other animals, are exposed to a continuous stream of signals, which are dynamic, multimodal, extended, and time varying in nature. This complex input space must be transduced and sampled...Full Text Available
The follow-up system for wastes (JAeSTI), developed at the end of the 1990s, forms a basis for today's followup activities in Finland. JAeSTI relies on an environmental protection database, the compliance monitoring system VAHTI operated by the environmental authorities. Waste followup and waste statistics depend very much on the annual waste quantities recorded in the VAHTI system. In the KYJ-project the coverage and reliability of the data in the VAHTI system was evaluated as for the streams of solid municipal waste. The project also included the compiling of national statistics on municipal waste for the year 2000. The project used other information sources, too, such as statistics compiled when the National Waste Plan and regional waste plans were revised in 2002. In addition, the extent and quantity of in-situ (household) composting and incineration were assessed on the basis of a separate study (Annex 2, In ...
This volume covers planning, design, and data analysis. It offers statistical methods for designing environmental sampling and monitoring programs as well as analyzing the resulting data. Statistical sample survey methods to problems of estimating average and total amounts of environmental pollution are presented in detail. The book also provides a broad array of statistical analysis methods for many purposes...numerous examples...three case studies...end-of-chapter questions...computer codes (showing what output looks like along with its interpretation)...a discussion of Kriging methods for estimating pollution concentration contours over space and/or time...nomographs for determining the number of samples required to detect hot spots with specified confidence...and a description and tables for conducting Rosner's test to identify outlaying (usually large) pollution measurements in a data set.
Various statistical methods for the estimation of the mean lifetimes of charmed particles have been considered. It is shown that the usual estimates of the maximum likelihood in some cases do not exist or may have rather great positive bias, if the statistics are low. Alternative estimates of the mean lifetime tau are discussed. Among them the 'jackknife' estimate of tau is considered. The minimum variance unbiased estimates of the average rate of decay 1/tau have been derived for some particular cases. It is also shown that the usual estimate of the ratio of the mean lifetimes of different kinds of particles may also have a bias when the statistics are poor. Two methods of reducing this bias have been proposed.
Figure 7: Horak Cost Estimating Relationship with Statistical Details. For this comparison, we ignore the Material (glass vs metal) and Design (on vs ...
The theoretical formula for the statistical error estimation in Mihalczo method was derived, and the dependence of the error were investigated on the facility to be measured and on the parameter in the data analysis. The formula was derived based on the reactor noise theory and the error theory for the frequency analysis, and found that the error depends on such parameters as the prompt neutron decay constant, detector efficiencies, and the frequency bandwidth. Statistical errors estimated with the formula was compared with experimental values and verified to be reasonable. Through parameter surveys, it is found that there is an optimum combination of the parameters to reduce the magnitude of the errors. In the experiment performed in DCA subcriticality measurement facility, it is estimated experimentally that the measurement requires 20 minutes to obtain the statistic error of 1% for the keff 0.9. According to the error ...
The present thesis is concerned with the local quantum physics of relativistic particles and fields in three space-time dimensions, whose statistics is to be described by a representation of the braid group -- so-called plektons or, if the representation is Abelian, anyons. In particular the issue of the existence of free anyonic fields is addressed. In our context, these are operators affiliated with the 'local' field algebras and creating only single particle vectors from the vacuum. (Localizability here refers to regions extending to infinity in some spacelike direction.) Under a mild regularity condition for these fields, we can derive commutation relations which are not compatible with braid group statistics. Further, model-independent results concerning the PCT operator and the connection of spin and statistics are obtained. Assuming the observable algebra to satisfy the Bisognano-Wichmann theorem, a PCT theorem for ...
Statistical fluctuations limit the precision with which a microorganism can, in a given time T, determine the concentration of a chemoattractant in the surrounding medium. The best a cell can do is...Full Text Available
Various statistical methods for the estimation of the mean lifetimes of charmed particles have been considered. It is shown that the usual estimates of the maximum likelihood in some cases do not exist or may have rather great positive bias, if the statistics are low. Alternative estimates of the mean lifetime tau are discussed. Among them the 'jackknife' estimate of tau is considered. The minimum variance unbiased estimates of the average rate of decay 1/tau have been derived for some particular cases. It is also shown that the usual estimate of the ratio of the mean lifetimes of different kinds of particles may alos have a bias when the statistics are poor. Two methods of reducing this bias have been proposed. (orig.).
Data on French nuclear electricity generation sites, nuclear power plant operations personnel, operation simulators, nuclear training centers and training statistics are presented.
... to the actual size base on the terminal semicolon counting ... I Queue and stack control. ... analysis: highly accurate analysis of noisy, stochastic data. ...
Governments are increasingly concerned to compare the quality and effectiveness of healthcare interventions but find this a complex matter. Crude hospital statistics can be dangerously misleading and...Full Text Available
Jan 25, 2006 ... Source positions are determined using matched-filter and centroiding .... The upper 1-sigma statistical error in the full-band counts. ...
swimmers in or around the water. Designate a responsible adult who can swim and knows CPR to watch swimmers in or around water. The supervisor should not be involved in any...
... 1-sigma ZOHF pixel-to-plxel statistical fluctuations ... Spatial frequency filtering shows distinct bands, but miss ... LOS emissivity at the point of closest ...
Tolerancing of assembly mechanisms is a major interest in the product life cycle. One can distinguish several models with growing complexity, from 1-dimensional (1D) to 3-dimensional (3D) (including form deviations), and two main tolerancing assumptions, the worst case and the statistical hypothesis. This paper presents an approach to 3D statistical tolerancing using a new acceptance criterion. Our approach is based on the 1D inertial acceptance criterion that is extended to 3D and form acceptance. The modal characterisation is used to describe the form deviation of a geometry as the combination of elementary deviations (location, orientation and form). The proposed 3D statistical tolerancing is applied on a simple mechanism with lever arm. It is also compared to the traditional worst-case tolerancing using a tolerance zone.
Green building (GB) is part of the concept of promoting sustainability. Although GB and the concept of sustainability are well studied for environmental concerns, their business rationale and related social concerns have not been fully explored or widely accepted by the parties involved in the building sector. In this study, the situation of GB market in relation to the general building market is reviewed and the business rationales of stakeholders to invest in the GB market have been investigated from the perspective of building designers. In addition, the factors that enhance the popularity of GB have been explored and the obstacles that hinder its market have been examined. The data are collected by a questionnaire survey covering building designers in Hong Kong and Singapore, the cities that are categorized as economically developed cities in Asia. After data analysis of the survey, this paper ...
In two pilot projects Maingas AG has complemented an existing marketing mix with a telephone marketing segment. One of these telephone marketing campaigns was conducted for the purpose of `Intensification`, the other for `Activation of Unused Mains Connections`. The aim was to provide professional support to canvassing campaigns in their various phases in order to minimise diffusion losses and increase the probability of winning new customers. The slogan chosen for the drive was therefore: `Its no good being present unless one`s efficient in the preparation, execution, and revision of a campaign`. (orig.) [Deutsch] Die Maingas AG hat in zwei Pilotprojekten das bestehende Marketing-Mix durch das Segment Telefonmarketing ergaenzt. Es wurde eine Telefonmarketing-Aktion im Bereich `Verdichtung` und eine Telefonmarketing-Aktion im Bereich `Aktivierung Inaktive Hausanschluesse` durchgefuehrt. Ziel war es, ...
H Power Enterprises of Canada was founded in 1997; currently, it has 40 employees and expect to grow to about 50 by mid-2000. The company is engaged in fuel cell technology development , manufacturing and marketing. The company has the advantage that its technology has been proven, products are already commercialized, and strategic alliances are already in place to make an assault on the market. The concept of proton exchange membrane fuel cell technology is explained in terms of efficiency, response time, power density, stack manufacturing cost, maintenance cost, stack life and compatible thermal loads. Individual products, their energy and operating efficiency, potential applications and potential markets are reviewed. It is estimated that for stationary fuel cells the market will be worth $ 30 billion by 2030. In the United States alone, remote residential cogeneration sites are estimated at 500,000. ...
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 ...
Traditionally, the Federal Energy Regulatory Commission has implemented its statutory requirement that wholesale electric rates be just and reasonable by comparing a seller's proposed rates to its own cost of service. In the last four years, 40 requests for market-based prices have opened up an alternate path for just and reasonable rates. The common characteristic of these 40 requests is that the price is not tied directly to the seller's own costs but rather to market conditions. To date, the Commission has approved 28 of these requests and rejected eight. Four are pending. In this paper the authors assess what has happened, and describe the common standards that have been developed on a case-by-case basis in the last four years. In particular, they examine how these standards have been applied in cases involving affiliates of traditional utilities. Finally, they discuss some of the unresolved issues and possible ...
Recent studies have revealed a number of striking dependence patterns in high frequency stock price dynamics characterizing probabilistic interrelation between two consequent price increments x (push) and y (response) as described by the bivariate probability distribution P(x,y) [1,2,3,4]. There are two properties, the market mill asymmetries of P(x,y) and predictability due to nonzero z-shaped mean conditional response, that are of special importance. Main goal of the present paper is to put together a model reproducing both the z-shaped mean conditional response and the market mill asymmetry of P(x,y) with respect to the axis y=0. We develop a probabilistic model based on a multi-component ansatz for conditional distribution P(y|x) with push-dependent weights and means describing both properties. A relationship between the market mill asymmetry and predictability is discussed. A possible connection of the model to ...
The paper deals briefly with the basic nature of financial activity and markets and of the intermediaries, including banks, within these markets. It is argued that efforts by the authorities to affect monetary policy through controls on bank lending (quantitative and interest rates) are inefficient and only lead to circumvention. To the degree that prices (interest rates) are kept down in one area, they will be higher in another, and supply of credit reduced from one source will encourage a greater supply from another. The Campbell Committee's recommendations, if implemented, are likely to result in freer financial markets and to improve the resource development sector's access to finance. Clear examples would be the removal of foreign exchange restrictions and the setting up of a market-oriented exchange rate system. However, in one sense this access may be narrowed as the extension ...
External inefficiency in education--inequity between the characteristics of graduates and the job market--is a problem in Indonesia and many other countries. Job markets at the junior secondary level are very tight in Indonesia with low levels of unemployment at all ages, short job-search times, and high real rates of return. Unemployment, however, among the senior secondary vocational and senior secondary general school graduates is high, even though the real rates of return are also high. The same is true for college and university graduates. Rates decrease, however, as years pass after graduation. There are several reasons for this external inefficiency: underinvestment in secondary education, increased use of market signals for planning and annual budgeting decisions, excess"social demand" for higher education and insufficient resource recovery, inaccurate selection criteria, and inadequate educational financing ...
EPRI's Steam Generator Strategic Management Project issues an annual report on the progress being made in tackling steam generator problems worldwide, containing a wealth of detailed statistics on the status of operating units and degradation mechanisms encountered. A few highlights are presented from the latest report, issued in October 1993, which covers the period to 31 December 1992. (Author).
Statistical data on the world energy consumption are given to illustrate the following situation in 2001: the deceleration of the world economic growth and the high prices of oil slowed down the progression of the energy consumption: 0,7 % in 2001; stagnation of the gas and oil consumption and strong progression for coal and electricity in 2001; the deceleration for gas marks a strong inflection compared to the past trends. (A.L.B.)
Visual Sample Plan (VSP) is an easy-to-use visual and graphic statistically-based software tool being developed by the Pacific Northwest National Laboratory (PNNL) to help determine the appropriate number and location of environmental samples so that environmental decisions can be made with the required confidence. The VSP software, which is available free at http://dqo.pnl.gov/vsp, is a significant aid in developing probability-based sampling designs (number and location of samples and measurements) using the Data Quality Objectives (DQO) planning process developed by the U.S. Environmental Protection Agency (EPA). VSP also has the capability of conducted statistical analyses to provide descriptive statistical summaries of data sets, to test whether data are normally distributed, and to compute upper confidence limits on means. This report is the latest in a series of reports that document the ...
The document describes the statistical analyses of data on pollutant loadings in effluent wastestreams from pulp, paper, and paperboard facilities. Included are the analyses that support the revised subcategorization and proposed effluent limitations for biochemical oxygen demand and total suspended solids based upon the best practicable control technology currently available.
Pacini (1973) has considered basic theoretical expectations regarding the magnetic dipole radiation and unipolar induction of pulsars, taking into account observational results. The present investigation is concerned with the difference between the two braking mechanisms. Attention is also given to a statistical study involving a comparison of the two braking mechanisms with observations. The study makes use of the observational data for the distribution of apparent beamwidth, and a geometrical method. The obtained results agree with the theory of magnetic dipole radiation.
OBJECTIVES: To assess the suitability of analyzing functional images of brain serotonin (5-HT) synthesis with statistical parametric mapping (SPM), and to investigate further possible sex-related regional...Full Text Available
Although statistical design is one of the oldest branches of statistics, its importance is ever increasing, especially in the face of the data flood that often faces statisticians. It is important to recognize the appropriate design, and to understand how to effectively implement it, being aware that the default settings from a computer package can easily provide an incorrect analysis. The goal of this book is to describe the principles that drive good design, paying attention to both the theoretical background and the problems arising from real experimental situations. Designs are motivated t
The Monthly Energy Review (MER) presents an overview of the Energy Information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. 37 figs., 61 tabs.
This publication presents an overview of the Energy information Administration`s recent monthly energy statistics. The statistics cover the major activities of US production, consumption, trade, stocks, and prices for petroleum, natural gas, coal, electricity, and nuclear energy. Also included are international energy and thermal and metric conversion factors. Two brief ``energy plugs`` (reviews of EIA publications) are included, as well.
The authors propose a generalization of the concept of supersymmetry non Riemann surfaces. Generators of this symmetry intermix M fields of different spin. Two types of statistics, i.e., bosonic and fermionic statistics, are allowed for parameters of infinitesimal transformations. They also study the possibility of string models associated with these symmetries. The algebraic structure of a part of generalized supersymmetry is regarded as a sort of an M-th root of the Virasoro algebra.
Statistical detail is given of the electricity generation and transmission systems in the UK. Breakdown by type of station, by fuel and the proportion generated by others apart from the generating or area boards is presented. Figures are provided for the various high voltage transmission lines in terms of route and circuit length as well as the number of towers and the capacity of mains transformers.
This paper shows a computerized system, that adopt a statistical methodology and simultaneous measurements of wind velocity and environment temperature, as an experiences at the power transmission lines with environmental monitoring systems. 9 figs., 16 refs.
The Advanced Statistical Trajectory Regional Air Pollution (ASTRAP) model simulates long-term transport and deposition of oxides of and nitrogen. t is a potential screening tool for assessing long-term effects on regional visibility from sulfur emission sources. owever, a rigorou...
A previous study described the basic theoretical expectations of the magnetic dipole radiation and unipolar induction of pulsars and presented observational results. This paper further discusses the difference between the two braking mechanisms and analyses the results of a statistical study through observed data of apparent beamwidth's distributions and a geometrical method. The theory of magnetic dipole radiation of pulsars agrees with the observations. Unipolar induction as a braking mechanism is not consistent with the observations.
The process of implementing a damage detection strategy for aerospace, civil and mechanical engineering infrastructure is referred to as structural health monitoring (SHM). Here damage is defined as changes to the material and/or geometric properties of these systems, including changes to the boundary conditions and system connectivity, which adversely affect the system's current or future performance. Our approach is to address the SHM problem in the context of a statistical pattern recognition paradigm (Farrar, Nix and Doebling, 2001). In this paradigm, the process can be broken down into four parts: (1) Operational Evaluation, (2) Data Acquisition, (3) Feature Extraction, and (4) Statistical Model Development for Feature Discrimination. When one attempts to apply this paradigm to data from 'real-world' structures, it quickly becomes apparent that data cleansing, normalization, fusion and compression, which can be ...
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. Prices continued to rise until August, when ...
Suppose we would like to know all answers to a set of statistical queries C on a data set up to small error, but we can only access the data itself using statistical queries. A trivial solution is to exhaustively ask all queries in C. Can we do any better? + We show that the number of statistical queries necessary and sufficient for this task is---up to polynomial factors---equal to the agnostic learning complexity of C in Kearns' statistical query (SQ) model. This gives a complete answer to the question when running time is not a concern. + We then show that the problem can be solved efficiently (allowing arbitrary error on a small fraction of queries) whenever the answers to C can be described by a submodular function. This includes many natural concept classes, such as graph cuts and Boolean disjunctions and conjunctions. In doing so we also give a new learning algorithm for submodular functions that ...
Metabolic carbon labelling experiments enable a large amount of extracellular fluxes and intracellular carbon isotope enrichments to be measured. Since the relation between the measured quantities and the unknown intracellular metabolic fluxes is given by bilinear balance equations, flux determination from this data set requires the numerical solution of a nonlinear inverse problem. To this end, a general algorithm for flux estimation from metabolic carbon labelling experiments based on the least squares approach is developed in this contribution and complemented by appropriate tools for statistical analysis. The linearization technique usually applied for the computation of nonlinear confidence regions is shown to be inappropriate in the case of large exchange fluxes. For this reason a sophisticated compactification transformation technique for nonlinear statistical analysis is developed. Statistical analysis is then ...
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 ...
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)
The practice of medical tourism depends on successfully informing potential patients about procedure options, treatment facilities, tourism opportunities, travel arrangements, and destination countries. The promotion of medical tourism includes a wide range of marketing materials such as flyers, booklets, and websites. Yet, there is a paucity of knowledge about the dissemination, content, and reception of these promotional materials. Drawing on a thematic content analysis of the promotional print material distributed at the first medical tourism trade show in Canada in 2009, the main purpose of this article is to identify and understand the messages and images that companies use to market India as a global destination. While researchers and news media frequently cite low cost procedures as...
The photovoltaic (PV) industry is rapidly beginning to recognize the market potential of the buildings sector. New PV-for-buildings products have recently become commercially available, and numerous products that are under development will be introduced within the next 5 years. To ensure that these new products will be adopted and used in common building practices, the PV industry should recognize and address important buildings industry issues. These issues include building codes and standards, after-market servicing, education, and warranties and insurance policies. Photovoltaic systems are also still very expensive. The simplest method for increasing their value for a building is to decrease the building's electrical loads through energy efficiency and conservation. Meeting these goals can only be accomplished through partnerships with the U.S. Department of Energy (DOE), private industry, and public institutions.
Details of a 1 day conference designed to create more efficient interactions between the gas supply and electricity systems in Ontario and new models for gas supply and the electricity system were presented. Market efficiency, generators' perspectives on critical gas issues, an overview of the North American gas and an outline of issues concerning Ontario were discussed. A natural gas industry forecast and issues concerning marketers and producers were presented. The terms on which gas is bought and sold were discussed. Regulatory tools, cost allocation and issues relating to unbundling were also presented. Infrastructure needs were reviewed, as well as basic market structures. It was suggested that appropriate commercial service options need to be developed and approved, including cross-utility services.
To quantify the opportunities for natural gas and identify technological advances needed to capture such opportunities, the mineral-wool industry was analyzed with respect to the principal companies, their capabilities, and markets. The mineral-wool industry is stable with a slightly declining market. Of its market segments, only commercial acoustic insulation (which is currently dominant) is likely to be affected by growth in the next ten years. The principal process is based on treatment of blast-furnace slags in a cupola furnace using coke as the fuel and reducing agent. Expanded use of gas, as a substitute for coke, would eliminate environmental problems and expand the latitude of suitable raw materials. The study provides insights into the mineral-wool industry and identifies factors that may constitute bases for future usage of natural gas.
New market based approaches are becoming increasingly important as instruments of environmental policy. The two main market approaches, i.e., transferable pollution permits (experimented in America), and 'green' energy surcharges (European philosophy), are described and discussed. An analysis of information on their state of implementation shows that, in the case of the former method, the greatest sources of difficulty arise in the determination of acceptable ceiling levels of emissions, in the distribution of permits among the various polluting firms, and in the legality of granting rights to pollute. Instead, the European experience has evidenced that energy surcharges motivated by environmental policy cannot have an appreciable positive impact on consumers or the economic system in general unless they are accompanied by well defined measures geared towards the promotion or creation of alternative solutions such as to ...
The market potential for the fan atomized burner (FAB) in water and space heating applications was examined. The major findings of the study are as follows. (1). The FAB`s low-input capability allows development of oil-fired room heaters and wall furnaces, a new market area for oil heat. (2). Among conventional oil-fired products, furnaces will benefit most from the burner`s low input capability due to (1) their quick delivery of heat and (2) their more prevalent use in warmer climates and smaller homes. (3). The greatest potential for increased product sales or oil sales exists in the use of the burner with new products (i.e., room heaters). Sales of boilers and direct-fired water heaters are not likely to increase with the use of the burner. (4). Acceptance of the burner will be dependent on proof of reliability. Proof of better reliability than conventional burners would accelerate acceptance.
This paper reports that only a few years ago superconducting magnetic separation was viewed as the next major market for superconducting magnets. The first commercial units had been installed, worked flawlessly, and demonstrated real economic viability. The potential market was seen as quite large, and many people believed that superconducting magnetic separation would soon show the same rapid growth that MRI had demonstrated after its initial success. These hopes even prompted IGC, one of the top MRI magnet builders, to form a separate division devoted to magnetic separation. Despite the existence of Magstream, IGC has not been overly active in the market. As a technology that has applications from the clay on the Earth to the soil on the moon, superconducting magnetic separation has yet to become widely used.
Coupled continuous time random walks (CTRWs) model normal and anomalous diffusion of random walkers by taking the sum of random jump lengths dependent on the random waiting times immediately preceding each jump. They are used to simulate diffusion-like processes in econophysics such as stock market fluctuations, where jumps represent financial market microstructure like log returns. In this and many other applications, the magnitude of the largest observations (e.g. a stock market crash) is of considerable importance in quantifying risk. We use a stochastic process called a coupled continuous time random maxima (CTRM) to determine the density governing the maximum jump length of a particle undergoing a CTRW. CTRM are similar to continuous time random walks but track maxima instead of sums....
This article reports on the UN Environment Programme's (UNEP's) work in supporting the banking and financing sector by creating clean energy finance markets in developing countries. Details are given of the shifting of cash markets to credit, financing solar home systems in India, solar thermal lending in Tunisia, the financing of hotel based solar water heating in Morocco, and the Green Village Credit initiatives in the Yunnan province of China. The importance of providing banks with information needed to gain awareness and experience of renewable energy systems is stressed. The fundamentals of a bank engagement programme, financial catalysts, structuring market oriented approaches, and linking bank lending to policy making are discussed along with the need to shift to credit enhancements to help banks set up their first loan portfolios.
Considerable effort worldwide has been put into trying to find the best way to utilise the large amount of energy that we put into our dustbins every day. One of the problems encountered is that the waste collection systems tend to gather together in one place between 400 and 1000 t of the stuff everyday and since it is possible to extract rather more than 2 MW from each tonne, that is a lot of energy for which to find a market. In continental European cities, especially Germany, and Sweden with most of the population living in apartment blocks, and with colder winters than the UK, district heating provides a suitable market. With its milder winters, more diverse housing and cheap gas the UK is not such a fertile ground for district heating. But since the passing of the Energy Act in 1984, there is a steady market in electricity generation with the advantage that the purchase tariffs are published so that income can be ...
Proposed features of the competitive electricity market in Ontario were reviewed. The speaker predicted that demand for renewable energy in Ontario`s competitive electricity market will be affected by green power, emissions trading, labelling, and renewables portfolio standard. Under current regulations retailers can charge customers a premium for purchasing electricity generated by `green` sources. The existing limits on emissions of sulphur dioxide, nitrogen oxides and carbon dioxides will remain in place, but an emissions cap and trading program for all Ontario-based generation is an option to consider. Ontario`s Market Design Committee (MDC) has recommended the implementation of emissions trading for electricity-related air pollutants for all generators located in Ontario. The complex mechanics of emission trading are explained. The MDC recommendation of the use of standard labels to disclose the mix of energy sources ...
Australian electricity markets and natural gas markets are undergoing rapid reform. Choosing among electricity generation modes is a key issue. Such choices are affected by expectations about the future structure of these markets and future technologies, and how they affect costs and emissions. In the research reported in this paper, the MARKAL model of the Australian energy system is used to evaluate the competitive position of natural gas fired combined cycle gas turbines (CCGTs) in the energy sector as a whole. Competing in the sector are large-scale electricity generation technologies such as refurbished existing coal fired stations and advanced forms of coal fired generation. The modelling incorporates new data on electricity supply technologies and options.
This paper proposes a panel threshold cointegration approach to investigate the relationship between crude oil shocks and stock markets for the OECD and non-OECD panel from January 1995 to December 2009. Nonlinear cointegration is confirmed for the oil-stock nexus in the panel. Because threshold cointegration is found, the threshold vector error correction models can be run to investigate the presence of asymmetric dynamic adjustment. The Granger causality tests demonstrate the existence of bidirectional long-run Granger causality between crude oil shocks and stock markets for these OECD and non-OECD countries. However, the short-run Granger causality between them is bidirectional under positive changes in the deviation and unidirectional under negative ones. Moreover, the speed of adjustm...
Despite the current global economic crisis, the Cleantech industry has excellent growth prospects. Especially technologies for water treatment, energy efficiency in buildings and combined heat and power will face high demand and high growth rates in the coming years, just like the suppliers for the wind and solar industry. Today German companies are market leaders in these segments. However, there is a threat that they will lose this competitive position as international competition increases. Besides attractive incentive schemes and regulatory framework, access to venture capital and the fast expansion to international markets is an important factor to secure the leading market position of German Cleantech companies. (orig.)
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.
Department of Foreign Affairs and International Trade services designed to assist businesses to effectively operate in global markets, were described. The goal of the Department is to give strategic targeted information that extends beyond export opportunities to include market access, investment, strategic alliances, technology transfer and competitiveness issues. These services constitute the Department`s Trade Commissioner Service, a network of 600 officers, deployed in 128 embassies and consulates worldwide to support Canadian business development initiatives across 16 sectors of the government`s International Trade Business Plan (ITBP). The Trade Commissioner Service programs include the WIN exporters database, a trade inquiries sourcing team, International Financial Institutions (IFI) projects, and the Program for Export Market Development (PEMD). A series of Sectoral Advisory Groups on International Trade (SAGIT) ...
Customer churn means the loss of existing customers to a competitor. Accurately predicting customer behavior may help firms to minimize this loss by proactively building a lasting relationship with their customers. In this paper, the application of the factor analysis and the Variable Consistency Dominance-based Rough Set Approach (VC-DRSA) in the customer relationship management (CRM) of the airline market is introduced. A set of "ifthen" decision rules are used as the preference model to classify customers by a set of criteria and regular attributes. The proposed method can determine the competitive position of an airline by understanding the behavior of its customers based on their perception of choice, and so develop the appropriate marketing strategies. A large sample of customers fro...
The fundamental differences in the type of products sold in both Japan and the US, and some of the reasons for these differences, are outlined. Japan is the largest single country market for residential heat pumps, while the US represents the largest single country market for residential heating equipment. Quite different types and associated features of heat pumps are demanded in the USA and Japan. The term `convenience features`, used to describe the physical characteristics of the user interface device, is explained, as well as the fundamental reasons leading to the particular styles of product sold in each country: (1) product strategy and sales channels, (2) design of housing, (3) climatic factors, and (4) energy costs and distribution. It is stressed that there is no big cooling load in Japan. It is rather the comfort issue that drives the market for heat pumps
the exchange of experience and ideas in the social, political and economic areas. ...the fast-changing, high-risk and short-term nature of these network relationships is seen to conflict with the slow ...incremental process of change characteristic of the German social-market model.
...qualified and who were under consideration at the time, USDA Secretary Tom Vilsack chose an animal husbandry specialist employed by one of the largest organic livestock product marketers in the country. While this appointee had grown up on a conventional farm, her immediate occupation is not that of ...
Work of the Geothermal Heat Pump Consortium (GHPC), a joint program of the US Department of Energy, the US Environmental Protection Agency, the US electric utilities and industry was described. The consortium was established to improve energy efficiency and reduce CO{sub 2} emissions by moving ground source and groundwater source heat pumps from niche products to ten percent of the new and retrofit HVAC market in less than a decade. The GHPC program focuses on : (1) reducing first costs through technology innovation and innovative financing, (2) strengthening the infrastructure though education, training and work codes and regulations, and (3) building confidence in the technology through demonstrations of cost-effectiveness, low maintenance efforts and through marketing programs. Results of the first two years of operations were described. Results indicate that the objectives are being achieved, the number of installations is increasing and a ...
The deregulation of the power industry having been implemented at unparalleled pace in Germany, the marketers and utility managers have been faced with the challenge of coping within relatively short time with the whole range of problems involved in restructurisation in the emerging competitive and very dynamic market. The article summarizes the activities for reorientation and positioning in the market, laying the foundation for success in the future. The communication and IT infrastructure is a major aspect to be considered. The authors explain how the German power industry may profit from international experience and results, so as to gain time in pulling up with competitors in the international marketplace. (orig./CB) [German] Die Liberalisierung der deutschen Stromwirtschaft kann im internationalen Vergleich als einzigartig sowohl hinsichtlich ihrer Breite als auch ihrer Geschwindigkeit - volle Marktoeffnung fuer alle ...
BackgroundWith a growing number of genetic tests becoming available to the health and consumer markets, genetic health care providers in Canada are faced with the challenge of developing...Full Text Available
Commercial feed rations containing sulfamethazine at the level of 110 ppm were fed for a period of 65 days to market pigs in a study simulating normal farm practices. The levels of sulfamethazine at...Full Text Available
The electricity industry in the US today is at a crossroads. The restructuring debate going on in most regions has made it clear that the traditional model of vertically integrated firms serving defined franchise areas and regulated by state commissions may not be the pattern for the future. The demands of large customers seeking direct access to power markets, the entry of new participants, and proposed reforms of the regulatory process all signify a momentum for fundamental change in the organization of the industry. This paper addresses electricity restructuring from the perspective of bulk power markets. The authors focus attention on the organization of electricity trade and the various ways it has been and might be conducted. Their approach concentrates on conceptual models and empirical case studies, not on specific proposals made by particular utilities or commissions. They review literature in economics and power system engineering ...
Natural gas is essential to the world economy. Gas now accounts for almost a quarter of OECD primary energy requirements and is expected to become the second most important fuel in the world in the next decade. Industrial and residential consumers increasingly rely on natural gas to keep their houses warm, their lights on and their factories running. Meanwhile the gas industry itself has entered a new phase. Where gas used to be restricted to regional markets, it is now increasingly traded on a global scale. While gas production and transport requires long-term investment, now it is optimised on a short-term basis. Demand continues to grow, but local gas production has become much more expensive. How should we react? How will demand be satisfied? What changes are required to promote flexibility and trade? What are the implications for gas security, investment and interdependence? At stake is an opportunity to diversify supply and demand - but this goal is ...
The European Union's proposed multinational market in carbon dioxide emissions faces many design challenges. Helpful lessons could be learnt from the US experience of trading nitrogen oxide allowances. 2 figs.
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.
l-Ribulose is a rare and expensive sugar that can be used as a precursor for the production of other rare sugars of high market value such as l-ribose. In this work we describe a production...Full Text Available
Throughout most of the 1980s, both private organizations and government agencies were concerned about the availability of an adequate supply of qualified nuclear engineers. This concern was primarily the result of a number of nuclear engineering academic programs being eliminated coupled with a continuous decline in graduate and undergraduate enrollments and degrees. By the early 1990s, the number of degrees and available supply had declined to new lows, but cutbacks in funding for the nuclear weapons program and nuclear energy R&D, and in hiring by the electric utility industry, offset in large measure the declining supply. Recently, concerns about environment and waste management and about nuclear safety have again generated questions about the adequacy of supply of qualified personnel for nuclear energy activities. This report briefly examines the nuclear engineering labor market. Trends in employment, new graduates, job openings, and salaries are reviewed ...
1 to the operator of a waste collective system by an agreement or contract. The conditions for the ...Fees of the waste collective system are subject to the supervision of the authority responsible for market surveillance. ...The operator of waste collection system collects wastes from producers and holder and transports these to a collection
The tea polyphenol (-)-epigallocatechin-3-gallate (EGCG) has been studied for chronic disease preventive effects, and is marketed as part of many dietary supplements. However, case reports have...Full Text Available
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This article offers a first-person account of a trip in Ford`s Ecostar electric minivan from Los Angeles to Sacramento. Included is an explanation of how electric vehicles work, why they are expensive to produce, which companies are pushing this new technology, battery technology, and marketing of electric vehicles.
The effects of events which occur prior to slaughter, such as loading, transport, and holding at an abattoir, on the prevalence of Campylobacter species, including Campylobacter...Full Text Available
The French nuclear power program was pushed through in order to reduce the country's dependence on imported fossil sources of energy. Nuclear power and hydro power have achieved a level of self-sufficiency in the energy sector of more than 50%. It should be emphasized that the French nuclear power program was largely self-financed. Electricite de France (EdF) considers itself well prepared for the European market, provided the creation of the single market implies that electricity rates are taken as a yardstick of competitiveness. Negotiations about a European directive on deregulating the electricity market were for the government to hold. EdF pleaded in favor of preserving for each country a certain leeway for shaping its own policy. The road to deregulation was to be opened, but the specific situation of each country was to be taken electricity to be passed through imposes narrow constraints upon an expansion of ...
Cooperative procurement is a variation of public purchasing which may be used as an instrument to transform the market and stimulate innovation enhancing environmental performance. The core of the procedure is the following: Coordinated by a central agency a group of buyers - public administrations, but also private companies, associations, etc. - gets together and jointly formulates a catalogue of performance requirements for a specific product truly suiting their preferences. This catalogue may contain (combinations of) requirements not yet available on the market and includes energy efficiency and/or environmental performance among other preferences important to the users. On the basis of the product requirements the buyer group launches a call for tenders, evaluates the bids received from the manufacturers and commits to buying the winning product. Thus, a market is provided for the most successful innovators in a given ...
A small-sample survey of consumer preferences for a second car - featuring both conventional and electric vehicle choices - indicates a proelectric bias. The potential of electric cars in the utility market largely depends on dramatic improvements in battery technology and the right mix of electricity and gasoline prices.
This report aims to address the potential for solid polymer fuel cell (SPFC) systems to be successfully exploited in the combined heat and power (CHP) market. A number of market studies have been undertaken to look at the size and future potential for this CHP market as well as such issues as market forces and geographical locations. This study focuses on a different aspect, that of the technical and commercial requirement together with the development needs. In order to understand how an SPFC system will have to perform, it is first necessary to examine the criteria used to judge the commercial merits of a particular CHP scheme. Issues that must be addressed include: the investment criteria - time to pay back the investment or rate of return on the investment; the influence of external factors such as electricity cost tariffs, fuel price and regulatory requirements; the cost and performance of existing ...
Program plans of the Office of Coal Technology in coal liquefaction are presented. Technology description, status, market applications, program strategy and program management descriptions are included. 2 figs. (CBS)
Canadian power and industrial projects world-wide are highlighted in this annual feature. A short section on the CANDU Wolsung Reactor in the Republic of Korea mentions that it went critical in November 1982 after taking only 60 months to complete.
In this paper uptake of tritium by market foods from tritiated water vapor in the air is investigated using cereals and beans purchased in Deep River, Canada. The concentrations of tissue free water tritium (TFWT) and organically bound tritium (OBT) range from 12 to 79% and from 10 to 38% respectively, of that estimated for atmospheric water vapor of the sampling month. The specific activity ratios of OBT to TFWT were constant for cereals, but variable for beans. The elevated OBT was shown to be the result of isotopic exchange of labile hydrogen by the fact that washing the foods with tritium free-water reduced their tritium contents to levels characteristic of their production sites.
The power industry is undergoing major changes. Deregulation and a competitive climate demand effective solutions. Costs and losses must be reduced, and overall efficiency must be raised. Industrial options connected to energy market and environmental considerations are discussed. Themes discussed in this paper are environmental challenges, the fuel factor, power plants in use today, the Norwegian power system, the European system, power exchange across borders, the transmission system, the future European system, and options for Norwegian industry. 27 figs.
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)
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.
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.
Late 1994, the Geothermal Heat Pump Consortium (GHPC) was launched as a non-profit collaborative effort between the United States Department of Energy, US electric utilities and the GeoExchange (geothermal heat pump) industry to make ''geothermal heat pumps'' a significant component of the HVAC industry and avoid 1.5 million metric tons of carbon equivalent per year. The goal was to create a self-sustainable GeoExchange market. This report offers a summary of some of the lessons learned and an overview of some of the programs major accomplishments.
The author investigates the effects of 529 mergers in the European and North American power industries between 1990 and 2002. The focus is on the effects on the capital market and the changes in the utilities' performance in successive years. It is assumed that as a rule mergers resulted in a lower value of the companies concerned. On the other hand, the target businesses appear to have obtained added value in the same period. Apart from the fight for market power, the author identifies especially financial synergies as an important motive. (orig.)
While there is growing interest in Real Time Pricing as a competitive tool, its adoption to date has been constrained by wariness on the part of many utilities and many of their customers. That wariness is not misplaced, for Real Time Pricing is not for everyone. In order for both utilities and their customers to benefit, the pricing system must be properly tailored for, and offered to, the appropriate audience. This paper discusses needs for identifying targets, implications of targeting of Real Time Pricing to various types of customers, and implications for design and marketing of such pricing systems. Examples from utility experiences are provided, and recommendations are offered for development of improved targeting of Real Time Pricing.
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 ...
...review on the Bank Simpanan Nasional (National Savings Bank) in Malaysia by Mohd. Fuad Md. Sawari & Razi Hassan & ...crisis and Islamic stock markets integration by Bakri Abdul Karim & Nor Akila Mohd. Kassim & Mohammad Affendy Arip [Downloadable! (...Index and the Dow Jones Islamic Market Index by Azhar Abdul Rahman & Mohd Azlan Yahya & Mohd Herry Mohd Nasir [Downloadable! ...at the International Islamic University Malaysia by Noor Hazilah Abd Manaf & Dinon Mohd & Kalthom Abdullah [Downloadable! (restricted)] ...
Geothermal heat pump systems are a promising new energy technology that has shown rapid increase in usage over the past 10 years in the United States. These systems offer substantial benefits to consumers and utilities in energy (kWh) and demand (kW) savings. The purpose of this study was to determine what existing monitored data were available mainly from electric utilities on heat pump performance, energy savings, and demand reduction for residential, school, and commercial building applications. Information was developed on the status of electric utility marketing programs, barriers to market entry, incentive programs, and benefits.
Geothermal heat pump systems are a promising new energy technology that has shown rapid increase in usage over the past ten years in the United States. These systems offer substantial benefits to customers and utilities in energy (kWh) and demand (kW) savings. The purpose of this study was to determine what existing monitored data was available mainly from electric utilities on heat pump performance, energy savings and demand reduction for residential, school, and commercial building applications. Information was developed on the status of electric utility marketing programs, barriers to market penetration, incentive programs, and benefits.
The fastest rate of growth in the space conditioning market has been attributed to the application of geothermal heat pumps to the industrial and commercial markets. The author reviews and provides examples of the three most popular components of a large geothermal heat pump system: geothermal earth coupling, heat pumps and heat exchangers, and building side terminals. These components are applied to three example geothermal installations: a library, an office building, and a school. Examples of energy use before and after the installation of a geothermal space conditioning system are summarized. General design and cost guidelines and comments on the use of geothermal heat pump in these and similar applications are discussed.
The paper considers the main components of energy policy, in particular the challenges of network security of supply, long-term contracts and the environmental constraints. It is argued that the United Kingdom's energy policy should take account of multiple market failures and context dependent. Given energy liberalisation in the 1980s and 1990s, it is argued that interventions based upon market-based instruments should be given greater importance. Institutional reform to reflect the shift in focus towards investment in non-carbon technologies and the security issues associated with networks is proposed, notably the creation of an energy agency. 15 refs., 2 figs.
Access for independents to retail gas markets was a central concern in European policy reform efforts in the 1990s. Upstream oil and gas companies reacted with strategic intentions of forward integration. By late 2004, forward integration was still weak, however. An important explanation of the gap between announced strategic re-orientation and actual strategy implementation lies in the political failure of EU member states to dismantle market barriers to entry for independents. Variations between companies in downstream strategy implementation are explained by variations in business opportunities and internal company factors.
The world steel industry and market and the current status and prospects for the Japanese steel industry are discussed with particular reference to China, Europe, and the US. Trends in coking coal supply from Australia, Canada, and Mongolia and changes in demand for hard and semi-soft coking coals are considered. Canadian coal plays a significant role in the hard coking coal and PCI coal markets. This is expected to continue. Emerging concerns include the strong Canadian dollar and increases in fuel and materials costs. Canadian suppliers are asked to improve efficiencies, be competitive in the overall coal chain, and diversify their PCI coal reserves. 14 figs.
Ubiquitous computing based on small mobile devices using wireless communication links is becoming very attractive. The computational power and storage capacities provided allow the execution of sophisticated applications. Due to the fact that sharing of information is a central problem for distributed applications, the development of self organizing middleware services providing high level interfaces for information managing is essential. ADS is a directory service for mobile ad-hoc networks dealing with local and nearby information as well as providing access to distant information. The approach discussed throughout this paper is based upon the concept of information markets.
Abstract Telecare has become an increasingly common medical service in recent years. However, new service must be close to the market and be market-driven to have a high likelihood of success. This article analyzes the business model of a telecardiology service managed by a general hospital. The methodology of the article is as follows: (1) initially it describes the elements of the service based on the ontology of the business model, (2) then it transfers these elements into the choices for business model dynamic loops and examines their validity, and (3) finally provides an empirical financial analysis of the service to assess the profit-making possibilities.
Placental insufficiency, inducing hypoxia-ischaemia, is considered a major cause of neuronal injury and impaired post natal development. Placental insufficiency alters the metabolism of arachidonic acid and its oxidation products. Premature labour and low-birth-weight infants are associated with reduced intrauterine blood-flow and infections of the reproductive tract. Thyroidal activity is depressed in undernutrition (placental insufficiency). Premature infants require extra vitamin C for normal tyrosine metabolism (tyrosine is the thyroxine precursor). Among the symptoms indicating infantile cretinism, which appear during 3-5 months of age are: delayed union of skull bones, torpid behaviour, slow feeding, cyanosis during feeding, excessive sleepiness, enlarged tongue, umbilical herniation, flabby musculature, short stature and delayed development. These symptoms have all been described in low-birth-weight infants and sudden infant death syndrome victims by various ...
The objectives of the project were to demonstrate and evaluate several small-scale methods of harvesting small (200 mm or less) trees and chipping them for fuel, as well as a method of processing such chips for use in dry chip-fired heating appliances. Nine field trials were conducted using various combinations of equipment. The trials consisted of 2 slash reclamation tests, 2 thinning tests, and 5 clear-cutting tests. The tests were conducted on various sites ranging from 0.2 to 1.8 hectares in area. The trees harvested were small; their average stem diameter was 70 mm. Every site was measured before harvest to predict the amount of biomass present. The amount of material obtained from the sites varied from 50% to 80% of the biomass present. Harvesting consisted of chain-saw felling and delimbing, skidding to roadside using winch, and then chipping into a 30 m{sup 3} portable bin. At the processing facility, the chips were weighed and dumped, reclaimed, metered, screened and delivered ...
Exposure to crystalline silica dust causes multiple diseases, but silicosis and silica dust-associated tuberculosis (TB), in particular, are the two diseases that remain high on the list of occupational health priorities in low-income countries and that still occur in some high-income countries. The prevalence of silica-related TB is exacerbated by the human immunodeficiency virus (HIV) epidemic in low-income countries. This review describes the morphology of silica and the variable potency of the different forms. Sources of crystalline silica are discussed, with emphasis on less commonly recognised sources, such as small-scale mining operations and agriculture. Trends in the prevalence of silicosis are also presented. Although efforts have been made for many years in most countries to reduce silica dust levels, silicosis continues to occur even in young people. The clinical and pathological features and diagnosis of silicosis, with emphasis on chest radiography, are described. The ...
After five years of implantation of a program for classification and signalling of restricted areas in the IPEN-CNEN-SP, we noticed that the applied measures of radio protection contributed for the improvement of the system of occupational radiological protection, promoting an improvement in the security of the workers, towards the planning in the execution of the activities involving the use of sources of ionizing radiation. Later, during the implantation of this program, the service of occupational radiological protection, there was great difficulty to conciliate its necessities in terms of security signalling, face the absence of existing standardisation in the country for the minimum disposals on the subject in question. Nowadays there are different interpretations of the specific criteria and many effective normative documents that exist in the country. This work presents as proposal the elaboration of a technical guide whose objective is to display the criteria and ...
PETROBRAS/TRANSPETRO Pipelines and Terminals has 500 regular employees and 5.064 out sourced workers in its Southeast Division. The out sourced employees work through 125 contracts involving a wide range of activities such as maintenance, operational, pipeline launching , engineering, administrative and auxiliary services. Among these workers, 200 people are subjected to benzene occupational exposure, which might be present in the products we transport in our pipelines. Benzene is recognized as a carcinogen according to ACGIH and Brazilian Ministry of Labour regulation NR- 15. Exposure to benzene in an uncontrolled way, be it chronic or sharp, may affect the worker's health such as: hematological alterations, neoplasys, neurobehavior alterations. Our program PPEOB (acronym in Portuguese for benzene occupational exposure prevention program) involved the work force and fosters health by anticipation, recognition, evaluation and control of the situations that ...
PETROBRAS/TRANSPETRO Pipelines and Terminals have 500 regular employees and 5.064 out sourced workers in its Southeast Division. The out sourced employees work under 125 contracts involving a wide range of activities such as maintenance, pipeline operation, pipeline launching, engineering, administrative and auxiliary services. Among these workers, 1.200 peoples are subjected to occupational exposure, which may be present in the industrial process or in the products transported in our pipelines, e.g. industrial noise, sulfidric gas, toluene, xylene and benzene (recognized as a carcinogen according to ACGIH and Brazilian Ministry of Labour). Our PPRA (acronym in Portuguese for Occupational Exposure Prevention Program) involves the workforce and fosters health by anticipation, recognition, evaluation and control of the situations that may result in injuries. Further actions include the procurement of equipment for detection of these agents not only in the air but ...
High angle conveyor systems in open pit mining offer many advantages over the traditional, truck only, haulage systems, including: (1) superior energy efficiency (2) less dependency on petroleum products (3) less sensitivity to inflation (4) less labour (5) less excavation for the amount of ore recovered, and (6) less ramp construction and maintenance costs. This paper presents the sandwich belt high angle conveyor as the vital link to optimisation of inpit conveying systems. High angle conveyor development to date is discussed, beginning with studies in 1979, to the first large scale prototype in 1983, through the numerous commercial installations. Discussion continues with the high angle conveyor systems to suit the various open pit mining operations and the corresponding characteristics of the system components, particularly the high angle conveyor. The range of high angle conveyor systems from the low capacity (up to 1 814 t/h), low lift (10.7 to 36.6 m), ...
For large transmission steel towers to be built in a mountainous area, caisson type pile foundations are often applied. The works for construction of this kind of foundation are manned operations such as drilling, arranging reinforcements, concrete laying, etc. in a narrow vertical pit which is 3m in diameter and about 20m in depth, but securing labour force of good quality for such works becomes increasingly difficult. In order to cope with the above situation and achieve reduction of costs, shortening of construction period, improvement of safety, saving of manpower, etc. a power supply company and construction companies have developed jointly a method of unmanned construction in a caisson type pile foundation pit. This method consists of the use of a caisson type pile full size excavator (this consists of an excavator proper, a vacuum soil discharging device, a monitor/controller, a load crane and a reaction pad, and performs continuously unmanned operations in ...
The aim of this paper is to analyse the role that the Japanese Government has played in the development of alternatives to conventional vehicles, the effect of government programmes, and the importance of technical flexibility in government support schemes. The focus is on battery-powered electric vehicles (BPEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles. The effects of government policy and the process of innovation are analysed from a systems approach drawing on the literature regarding technical change and innovation. The whole chain of government support, including the context in which these different policies have been implemented since the early 1970s, is studied. The Japanese Government has adopted a comprehensive strategy including R and D, demonstration programmes and market support guided by long-term strategic plans. The role of the Government has been that of a conductor in the development process supplying both R and D support ...
An intensified integration of renewable energies and a more extensive use of combined heat and power lead to an increasingly decentralized power economy. Such an economy is characterized by the conversion of energy at the point of the energy demand and depending on the energy system, by the possibility of balancing the fluctuating supply of renewable energies. In the long run, there is no doubt that fuel cells will be part of such a sustainable and flexible energy concept. The scope of this dissertation includes an analysis of the flexibility of fuel cells in energy supply (1,5 kW{sub el}), an assessment of the potential to compensate for the fluctuating supply of wind energy by an aggregation of decentralized fuel cells and a participation as a contractor in the spot and balance energy markets. Therefore two fuel cells were monitored and tested in order to obtain their characteristics and distributions for the energy demand of households in the federal states, in ...
The objective of this paper is to demonstrate how market forces, operating in an increasingly competitive energy market, are a preferred route to achieving environmental and energy efficiency benefits other than those which can be achieved through a managed approach adopted by many Governments. It will show, through examples, how electricity is a catalyst for change at several levels in business, the community and the general economy. Many governments` attempts to introduce `vertically-structured` energy saving programmes have failed to realise the benefits of inter-energy substitution. Frequently, programmes are based on the principles of demand-side management within a single energy sector, and they have been implemented by government bodies which have adopted an interventionist as opposed to free market approach to achieve savings in carbon dioxide emissions. Studies world-wide have shown how increased use of ...
Translating experimental findings into clinically effective therapies is one of the major bottlenecks of modern medicine. As this has been particularly true for cerebrovascular research, attention has turned to the quality and validity of experimental cerebrovascular studies. We set out to assess the study design, statistical analyses, and reporting of cerebrovascular research. We assessed all original articles published in the Journal of Cerebral Blood Flow and Metabolism during the year 2008 against a checklist designed to capture the key attributes relating to study design, statistical analyses, and reporting. A total of 156 original publications were included (animal, in vitro, human). Few studies reported a primary research hypothesis, statement of purpose, or measures to safeguard in...
In the study, wind data from the Comprehensive Ocean-Atmosphere Data Set (COADS) are used to determine atmospheric circulation changes which are empirically associated with the air temperature changes. Some understanding of the natural processes which produce climate change is anticipated from the study of these associations. Systematic changes of wind in US coastal regions with periods of climate warming and cooling suggest circulation changes, in addition to carbon dioxide-controlled radiation effects, could produce the climate changes indicated by air temperature. A statistical procedure for analyses of COADS was used to determine decade-period vector wind-field differences from the COADS record period. The statistical procedure for these analyses is explained and the wind differences are compared to summaries of mid-Atlantic coast island-station observations.
We study the spike statistics of neurons in a network with dynamically balanced excitation and inhibition. Our model, intended to represent a generic cortical column, comprises randomly connected excitatory and inhibitory leaky integrate-and-fire neurons, driven by excitatory input from an external population. The high connectivity permits a mean field description in which synaptic currents can be treated as gaussian noise, the mean and autocorrelation function of which are calculated self-consistently from the firing statistics of single model neurons. Within this description, a wide range of Fano factors is possible. We find that the irregularity of spike trains is controlled mainly by the strength of the synapses relative to the difference between the firing threshold and the postfiring reset level of the membrane potential. For moderately strong synapses, we find spike statistics very similar to those observed in ...
We investigate the extent to which the pure magnification effect of gravitational lensing can be extracted from galaxy clustering statistics, by a nulling method which aims to eliminate terms arising from the intrinsic clustering of galaxies. The aim is to leave statistics which are free from the uncertainties of galaxy bias. We find that nulling can be done effectively, leaving data which are relatively insensitive to uncertainties in galaxy bias and its evolution, leading to cosmological parameter estimation which is effectively unbiased. This advantage comes at the expense of increased statistical errors, which are in some cases large, but it offers a robust alternative analysis method to cosmic shear for cosmological imaging surveys designed for weak lensing studies, or to full modelling of the clustering signal including magnification effects.
Application of the Geographic Information System (GIS) with a statistical model to evaluate the magnetic field exposure of a population from high-voltage transmission lines near residential areas is discussed, focusing on the interaction of the GIS with the statistical model. In an effort to validate the model measurements of the magnetic field, profiles were taken at two sites and these profiles have been compared with calculated values. Two conclusions have been drawn from the results: (1) the statistical model linked with the GIS is a very powerful tool for the evaluation of exposure of a population to magnetic fields, and (2) success depends on the presence of other sources of magnetic fields and on the exactness of the data used in the model. 4 refs., 5 figs.
North American design codes are now committed to the development of load and resistance factor design (LRFD) for reinforced soil structures including internal stability limit states. Reliability-based analysis is required to carry out these calibrations. A framework for LRFD calibration has been proposed by the writers that requires bias statistics for load and resistance terms for each limit state function. In this paper the formulation of the limit state for reinforcement tensile rupture is developed and the component strength-reduction bias statistics identified. The paper describes how to compute bias statistics from project-specific installation damage trials for use in reliability-based design for the reinforcement rupture limit state or using data from multiple sources for LRFD cali...
A simple and efficient method for characterization of multidimensional Gaussian states is suggested and experimentally demonstrated. Our scheme shows analogies with tomography of finite dimensional quantum states, with the covariance matrix playing the role of the density matrix and homodyne detection providing Stern-Gerlach-like projections. The major difference stems from a different character of relevant noises: while the statistics of Stern-Gerlach-like measurements is governed by binomial statistics, the detection of quadrature variances correspond to chi-square statistics. For Gaussian and near Gaussian states the suggested method provides, compared to standard tomography techniques, more stable and reliable reconstructions. In addition, by putting together reconstruction methods for Gaussian and arbitrary states, we obtain a tool to detect the non-Gaussian character of optical signals.
Statistical design of experiments is widely used among scientists and engineers to understand influential factors in a laboratory or manufacturing process. One of the underlying principles of...Full Text Available
This 2-page fact sheet gives statistics on routine waste generation and projected reduction by waste type, and 1994 pollution prevention and recycling accomplishments at ORNL.
Research reported here reveals that the reduction of CO{sub 2} emissions into the atmosphere, is mainly dependent on the decrease of the use of fossil fuels, but also on the development of environment-friendly technology and greening of the environment. 2 refs.
We recently discovered that human activity possesses a complex temporal organization characterized by scale-invariant/self-similar fluctuations from seconds to ~4 hour—statistical properties...Full Text Available
The catastrophic impact of fishing pressure on species such as cod and herring is well documented. However, the antiquity of their intensive exploitation has not been established. Systematic catch statistics...Full Text Available
Using the complete genome of Plasmodium falciparum 3D7 which has 14 chromosomes as an example, we have examined the distribution functions for the amount of C or G and A or T consecutively...Full Text Available
The blood beryllium lymphocyte proliferation test (BeLPT) is a modification of the standard lymphocyte proliferation test that is used to identify persons who may have chronic beryllium disease. A major...Full Text Available
1. Miniature end-plate potentials (m.e.p.p.s) were intra- and extracellularly recorded from neuromuscular junctions in rat phrenic nerve—diaphragm preparations in vitro....Full Text Available
According to world statistics, dogs and cats are the species that owners most frequently seek assistance with potential poisonings, accounting 95–98% of all reported animal cases. Exposures...Full Text Available
A robust technique for determining the principal axes of a 3D shape represented by a point set, possibly with noise, is presented. We use techniques from robust statistics to guide the classical...Full Text Available
OBJECTIVES: This article uses meta-analysis methodology to examine the statistical consistency and importance of random variation among results of epidemiologic studies of residential magnetic field...Full Text Available
BackgroundLiquid chromatography-mass spectrometry (LC-MS) is one of the major techniques for the quantification of metabolites in complex biological samples. Peak modeling is one...Full Text Available
Probabilistic sensitivities using the score function method are developed for a lifing analysis of an alpha + beta titanium alloy in a round bar under axial fatigue load. Sensitivities with respect to the statistical inputs of the crack initiation size (a...
BackgroundDifferent microarray studies have compiled gene lists for predicting outcomes of a range of treatments and diseases. These have produced gene lists that have little overlap,...Full Text Available
Previous studies of insect flight control have been statistical in approach, simply correlating wing kinematics with body kinematics or force production. Kinematics and forces are linked by Newtonian...Full Text Available
The extraction of cosmological parameters from microwave background observations relies on specific assumptions about the statistical properties of the data, in particular that the p-point distributions of temperature fluctuations are jointly-normal. Using a battery of statistical tests, we assess the multivariate Gaussian nature of the Wilkinson Microwave Anisotropy Probe (WMAP) 1st year data. The statistics we use fall into three classes which test different aspects of joint-normality: the first set assess the normality of marginal (one-point) distributions using familiar univariate methods; the second involves statistics that directly assess joint-normality; and the third explores the evidence of non-linearity in the relationship between variates. We applied these tests to frequency maps, `foreground-cleaned' assembly maps and all-sky CMB-only maps. The assembly maps are of particular interest as ...
The shapes of dendritic arbors are fascinating and important, yet the principles underlying these complex and diverse structures remain unclear. Here, we analyzed basal dendritic arbors of 2,171 pyramidal...Full Text Available
The identification of predictive biomarkers is at the core of modern toxicology. So far, a number of approaches have been proposed. These rely on statistical inference of toxicity response from either...Full Text Available
The authors shortly describe some basic aspects relating to probabilistic reliability calculation and to the derivation of component reliability data. (GL)
Statistical data on experience gained from operation of steam generators around the world are presented, problems arising in vertical and horizontal steam generators are described, and the conditions of heattransfer tubes used in them are compared.
The methods of statistical dynamics are applied to a fluid with 5 conserved fields (the mass, the energy, and the three components of momentum) moving in a given external potential. When the potential is zero, we recover a previously derived system of parabolic differential equations, called "corrections to fluid dynamics".
This research focuses on the development and application of high order statistical analyses applied to measurements performed with subcritical fissile systems driven by an introduced neutron source. The signatures presented are derived from counting statistics of the introduced source and radiation detectors that observe the response of the fissile system. It is demonstrated that successively higher order counting statistics possess progressively higher sensitivity to reactivity. Consequently, these signatures are more sensitive to changes in the composition, fissile mass, and configuration of the fissile assembly. Furthermore, it is shown that these techniques are capable of distinguishing the response of the fissile system to the introduced source from its response to any internal or inherent sources. This ability combined with the enhanced sensitivity of higher order signatures indicates that these techniques will be of ...
The question of whether proteins originate from random sequences of amino acids is addressed. A statistical analysis is performed in terms of blocked and random walk values formed by binary hydrophobic...Full Text Available
A survey on electric power and on energy balance especially primary and final energy (gas oil, kerosene,solar energy...) has been implemented in Lebanon in 1993. Results and economic impact of energy consumption and energy production are given in statistics and tables. 10 figs.
This publication provides statistical data on net generation, fuel consumption, fossil fuel stocks, electricity sales, revenue, and average revenue per kilowatthour of electricity sold. Data on fossil fuel stocks and costs are also included.
Biomonitoring of human populations for exposure to genotoxic/clastogenic agents in the environment or the workplace must depend upon statistical tests for elevations in the frequencies of the biological endpoints being monitored, usually chromosomal aberrations (CA), micronuclei (MN), or sister chromatid exchanges (SCE) in peripheral blood lymphocytes. Statistical tests are based, in turn, upon certain assumptions regarding the distribution of the test statistic. When they are often not recognized as such, tests of significance can be in error, and any conclusion drawn that there is or is not a statistically significant difference between one population sample and another maybe erroneous. In population monitoring this means either false negatives or false positives can result and it is hard to know which is worse. Furthermore, even the intelligent design of studies whose object is to test for an ...
A Prospective randomised controlled study was done to determine statistical difference between the standard microsurgical discotomy (MC) and a minimally invasive microscopic procedure for disc prolapse...Full Text Available
We study the statistical properties of a variety of diverse real-world networks. We present evidence of the occurrence of three classes of small-world networks: (a) scale-free networks,...Full Text Available
BackgroundThe rate of emergence of human pathogens is steadily increasing; most of these novel agents originate in wildlife. Bats, remarkably, are the natural reservoirs of many...Full Text Available
This table contains point-source catalogs for the ~2 Ms exposure of the Chandra Deep ... Source positions are determined using centroid and matched-filter techniques; .... The 1-sigma upper statistical error (Gehrels 1986, ApJ, 303, ...
The diagnostic criteria for schizophrenia in the fourth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-IV1)...Full Text Available
...research strategy and plans Aquatic resource monitoring research programs, EMAP and STAR grants Go To EMAP homepage Go To Top Bibliography References for survey designs, statistical analyses , program documentation, and monitoring reports. Reports, abstracts and links to electronic versions Go To Top Frequently Asked Questions ...
Validation of body-mass relationships requires a careful statistical analysis of data of normal weight individuals. BMI (ratio between body mass and square of body height) and BSI values (ratio between...Full Text Available
... and mean rainfall rates, Rm, in the liquid hydrometeor layers using the .... large latitudinal movement of cirrus cloud cover with the changing seasons. ... We study the statistical distribution of PSCs by particle composition using .... the high resolution Cloud Particle Imager (CPI) and standard PMS 2D-C and ...
The formalism of statistical mechanics of particles slower than light has been considered from the point of view of the application of this formalism for the description of tachyons. Properties of ideal gases of tachyons have been discussed in detail. After finding general formulae for quantum, Bose and Fermi gases the classical limit has been considered. It has been shown that Bose-Einstein condensation occurs. The tachyon gas of bosons violates the third principle of thermodynamics. Degenerated Fermi gas has been considered and in this case the entropy vanishes at zero temperature. Difficulties of formulating covariant statistical mechanics have been discussed.
This paper describes statistical methods used to evaluate data for toluene (at several typical operating temperatures and humidity levels) and to determine which measure of humidity (relative or absolute) is more important in determining carbon adsorption efficiency. The water content of a solvent-laden stream is critical for its control via carbon adsorption, especially at relative humidities about 50-70%. (Relative humidity is the percent of saturation: absolute humidity is the total water content.)
The statistical {gamma}-spectra of highly excited even-even rare earth nuclei are simulated applying appropriate level density and strength function to a given nucleus. Hindrance effects due to K-conservation are taken into account. Simulations are compared to experimental data from the {sup 163}Dy({sup 3}He,{alpha}){sup 162}Dy and {sup 173}Yb({sup 3}He,{alpha}){sup 172}Yb reactions. The influence of the K quantum number at higher energies is discussed. 21 refs., 7 figs., 2 tabs.
The purpose of this document is to summarize the findings of recent studies on the security problem in statistical databases and examine their applicability to the specific needs of CEDR. The document is organized as follows: In Section 2 we describe some general control methods which are available on most commercial database software. In Section 3 we provide a classification of statistical security methods. In Section 4 we analyze the type of users of CEDR and the security control methods which may be applied to each type. In Section 5 we summarize the findings of this study and recommend possible solutions.
The formalism of statistical mechanics of particles slower than light has been considered from the point of view of the application of this formalism for the description of tachyons. Properties of ideal gases of tachyons have been discussed in detail. After finding general formulae for quantum, Bose and Fermi gases the classical limit has been considered. It has been shown that Bose-Einstein condensation occurs. The tachyon gas of bosons violates the third principle of thermodynamics. Degenerated Fermi gas has been considered and in this case the entropy vanishes at zero temperature. Difficulties of formulating covariant statistical mechanics have been discussed.
The present volume provides standardized energy balance sheets expressed in a common unit of tons of oil equivalent for all OECD Countries. It covers the years 1970 to 1982 year by year and includes many revisions and additions to data previously published. The balances in the present volume are based on data published in OECD Energy Statistics 1971-1981 and OECD Energy Statistics 1981-1982. Tables for each OECD Country include production, import, export, consumption by the different industries, transportation, agriculture, residential sector of the different energies: solid fuels, petroleum, gas, nuclear power and hydroelectricity.
...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 StatisticsStatistics and projections Transparency Wave and tidal Wind ...
A statistical evaluation of rotor blade damage in axial steam turbines affords an insight into the extent of the repair costs incurred and reveals the types of defects and shortcomings which cause such damage. The great amount of rotor blade damage discovered during control inspections will surprise even many turbine experts. The statistical evaluation is followed by a review of the more frequent causes of damage and their characteristic features, illustrated on the basis of practical examples. This contribution is intended as an aid to both the manufacturers and operators of steam turbines in preventing the oft almost classic types of faults which constantly recur. (orig.).
The individuality of production devices should be taken into account when statistical models are designed for parallelized devices. In the present work, a new clustering method, referred to as NC-spectral clustering, is proposed for discriminating the individuality of production devices. The key idea is to classify samples according to the differences of the correlation among measured variables, since the individuality of production devices is expressed by the correlation. In the proposed NC-spectral clustering, the nearest correlation (NC) method and spectral clustering are integrated. The NC method generates the weighted graph that expresses the correlation-based similarities between samples, and the constructed graph is partitioned by spectral clustering. A new statistical process monit...
The thermodynamic characteristics of adsorption of iodobenzene, 2-iodothiophene, and 1- and 2-iodoadamantanes on the surface of graphitized thermal carbon black were determined experimentally. The influence of the special features of the molecular structure of the adsorbates on the thermodynamic characteristics of adsorption was studied. The atom-atom approximation of the semiempirical molecular-statistical theory of adsorption was used to calculate the thermodynamic characteristics of adsorption of the adsorbates using the newly determined potential function parameters of pair intermolecular interaction (?(r)) of I with C atoms of the basal graphite face. For the example of isostructural monohalogenated benzenes, thiophenes, and adamantanes, a comparative analysis of the contributions of ...
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 ...
An overview is presented of the US heating and space conditioning market, with specific emphasis on the type of fuel used. The author highlights he drive of electric utilities to increase their penetration in the space heating markets, and showed how geothermal heat pumps (GHPs) were recognized by utilities as an electrotechnology for all seasons; beneficial for customers, electric utilities and the environment. Then he focused on the utility driven National Earth Comfort Program (officially Geothermal Heat Pump Technology Demonstration and Market Mobilization Program) is a collaborative effort with the US Department of Energy and other public and private sector organizations. It will be implemented by the Geothermal Heat Pump Consortium, Inc. (GHPC), and is designed for the utility industry`s Climate Challenge under the President`s Climate Change Action Plan. The program has a budget of 100 million US$ until the year 2000. ...
Apricot fruits usually harvested relatively mature but hard enough to withstand-post harvest handling through the marketing chain. These fruits have considerably lower edible quality than tree-ripened fruit. Fruit quality can be improved by delaying harvest least until physiological maturation is completed on the tree (Bonghi et al. 1999) Apricots containing 11% soluble solids concentration, or higher are in high demand by consumers, as fruit have developed considerable taste, aroma and handling for long distance markets. (Kader, 1999). These fruit will be highly perishable, so rapid cold storage to the lowest safe temperature and supplementary treatments (Mc Donald et al, 1999) such as irradiation with the recommend doses (Sillano et al, 1994) or pre-storage heat treatments will be necessary to retard ripening (mainly softening) during 1-2 weeks post harvest life necessary for distribution to distant markets (Mc Donald et ...
The H-SAPS (Hydrogen Stand-Alone Power System) project, an EU project within the ALTENER programme in the period 2002-2004, was initiated to determine the potential for the introduction of environmentally benign hydrogen technology in what is believed to be a near-term market, namely stand-alone power systems (SAPS). The objective of the project was to examine the technological, political, social and economical factors affecting the emergence of hydrogen technology in the stand-alone power system market today and in the future. The scope of the project was limited to small and medium sized stand-alone power systems, up to a few hundred kilowatts (kW) power rating and based on renewable energy as the primary energy source. The work was divided into five phases: (1) Inception, (2) Data collection and analysis, (3) Market analysis and barrier removal, (4) Dissemination, and (5) Final report. Separate reports were written on ...
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 ...
Superconducting magnetic energy storage (SMES) is an emerging technology with features that are potentially attractive in electric utility applications. This study evaluates the potential for SMES technology in the generation, transmission, distribution, and use of electric energy; the time frame of the assessment is through the year 2030. Comparisons are made with other technology options, including both commercially available and advanced systems such as various peaking generation technologies, transmission stability improvement technologies, and power quality enhancement devices. The methodology used for this study focused on the needs of the market place, the capabilities of S and the characteristics of the competing technologies. There is widespread interest within utilities for the development of SMES technology, but there is no general consensus regarding the most attractive size. Considerable uncertainty exists regarding the eventual costs and benefits of ...
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 ...
This study examines, in general, the transformation of the role of the Brazilian state to intervener in supervisory of the services, through the delegation of responsibility for the exploitation of public services to private enterprise, and the creation of regulatory agencies. The study pointing to the necessity of a legal and regulatory stable scenario in the regulation of these services, as enables of private investment mechanisms and, as a consequence of sustainable economic development. The success of the neo liberal state model is examined, specifically in relation to the market of pipeline gas distribution, showing the environmental, economic and social benefits that brought in this sector, the private investment and stability so far reasonably observed in this segment. The work also indicating, in general, the risks and issues most relevant, from the investor and markets point of view, to attract and maintain investment and to reduce the ...
Full text. This research assesses models for new nuclear build in European Union (EU) member states to find the most stable form. The countries examined in this study are the United Kingdom and Romania. The results attest that due to various historical, political, competition, and electricity market structural conditions Romania and the United Kingdom have emerged with different models for new build nuclear projects. This paper begins with an assessment of the effects on the nuclear sector from energy, environmental and competition legislation in the EU. Then the political and economic climate of the aforementioned EU member states is completed. Following this an overview of the market structure of the electricity sector in those respective countries is conducted. Then the key research on the models and the phases of new nuclear build are explored. The research concludes each model has transcended from different political and economic forces, ...
The Geothermal Heat Pump (GHP) concept was originally developed in the 1940`s. Recently, because of increasing energy costs, utility interest, and the development of simple and durable ground source heat exchangers, GHP`s have gained international attention as a proven means of energy conservation and electrical peak power demand reduction. GHP systems require installation of a buried heat exchanger to utilize the nearly constant ground temperature making them more efficient than conventional air source heat pumps. However, the high installation cost for both residential and commercial applications is a major obstacle to their market penetration. Sandia National Laboratories (SNL) through its sponsors, the Department of Energy (DOE), and the Department of Defense (DOD), has embarked on a research program to find ways to reduce GHP installation costs and improve performance, thereby increasing their market penetration. The major elements of the ...
One purpose of this article is to alert state utility commissions involved in restructuring electric utilities to pay special attention to proposals that would fragment the utility's billing and metering (B and M) operations. Such fragmentation would essentially foreclose an important future option for handling all levels of retail deregulation. A fusing of B and M could become the linchpin for transitioning retail electricity from its present cost-based fixed rates to a market-based pricing regime fully exploiting the high economic efficiencies that are characteristic of most commodity pricing regimes. Realizing such economic efficiencies requires self enforcing economic discipline that makes and keeps retail pricing of electricity responsive to: imbalances in supply and demand (S and D), tensions between potential customers and competing suppliers, the need to meet a return-on-investment (ROI) objective, and the relative quality of product demanded. In ...
The purpose of the Power-One Aerocapacitor Commercialization Plan is to communicate to members of management and to all employees the overall objectives of the corporation. Power-One, Inc., has participated in a US Federal Government Technology Reinvestment Project (TRP), entitled {open_quotes}Advanced Power Conversion based on the Aerocapacitor{close_quotes}: the project is a group effort, with Lawrence Livermore National Labs, GenCorp/Aerojet, PolyStor Corp. (a start-up company), and Power-One forming the consortium. The expected resulting technology is the {open_quotes}Aerocapacitor{close_quotes}, which possesses much higher performance levels than the usual capacitors on the market today. Power-One hopes to incorporate the Aerocapacitor into some of its products, hence enhancing their performance, as well as market privately-labeled aerocapacitors through its distribution channels. This document describes the details of Power-One`s plan to ...
Located approximately 350 km east of Newfoundland, on the eastern edge of the Jeanne d'Arc Basin, and approximately 50 km from both the Terra Nova and Hibernia oilfields, the White Rose oilfield is considered the main oil producing basin off the eastern coast of North America. Husky Oil is very active in the region and holds almost 32 per cent net working interest in the Significant Discovery License areas in the Jeanne d'Arc basin. The development of an economically significant oil discovery in the White Rose Significant Discovery Area is being proposed jointly by Husky Oil and Petro-Canada. It is estimated that the project would enable the recovery of an estimated 36 million cubic meters (230 million barrels) of recoverable oil in this area that covers approximately 40 square kilometers. The operators propose to use a ship-shaped floating production, storage and offloading (FPSO) facility which could store up to 135,000 cubic meters (850,000 barrels) of oil or the ...
The Canadian wind energy industry is experiencing rapid and unprecedented growth. The year 2006 saw the installation of 534 MW of wind energy across Canada, representing approximately $1 billion in new investment. It is anticipated that the wind energy industry will help to create jobs and training opportunities for many Canadians, as well as provide ongoing economic benefits to local communities through municipal tax and land lease payments. However, many challenges remain if Canada is to meet, or exceed, its objective of a total of 10,000 MW in installed wind energy by 2015. This conference provided a forum for wind industry member, academics and representatives of both governmental and non-governmental agencies to discuss issues related to wind energy development. The conference was divided into 3 streams. The policy stream examined issues related to the Canadian Wind Power Production Incentive (WPPI) program, as well as various federal policies regarding environmental assessments ...
The German-Russian project that is part of the G8 initiative on Global Partnership Against the Spread of Weapons and Materials of Mass Destruction focuses on the speedy construction of a land-based interim storage facility for nuclear submarine reactor compartments at Sayda Bay near Murmansk. This project includes the required infrastructure facilities for long-term storage of about 150 reactor compartments for a period of about 70 years. The interim storage facility is a precondition for effective activities of decommissioning and dismantlement of almost all nuclear-powered submarines of the Russian Northern Fleet. The project also includes the establishment of a computer-assisted waste monitoring system. In addition, the project involves clearing Sayda Bay of other shipwrecks of the Russian navy. On the German side the project is carried out by the Energiewerke Nord GmbH (EWN) on behalf of the Federal Ministry of Economics and Labour (BMWi). On the Russian side ...
A report is given of a meeting of the Netherlands Association for Energy Legislation (NEVER), which was held in Amsterdam, Netherlands, April 2006. After the meeting a presentation was made about the report 'Government involvement in liberalised gas markets. A welfare-economic analysis of the Dutch gas-depletion policy' of the Netherlands Bureau for Economic Policy Analysis (CPB). This report analyses the welfare effects of two major components of the Dutch gas-depletion policy: the offtake guarantee for small-fields gas and the cap on production from the Groningen field. After the presentation a reaction was given to the report. Both presentations give an overview of the governmental policy and insight in the effects.
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.
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 projects are extremely capitalistic and the costs involved have a significant weight on the balance sheets of companies. This paper describes the general rules of financing policies used by companies from the natural gas and petroleum industries: constraints (external and financial markets, partnership, warranties..); implication of financiers; risk analysis (political (nationalization, civil or military troubles, difficult transfer of profits outside the project..), financial (property developer, nature of the project, delay, cost overruns, performance, market..)); financial instruments (proper funds and debt, bankers and insurers, loans etc..). These rules are illustrated with several examples of recent projects of gas pipelines and exploitation of oil fields abroad. (J.S.)
In this paper, we investigate the relationship between the subprime asset-backed collateralized debt obligations (CDO) market and Large Complex Financial Institutions (LCFIs). We attempt to account for the dynamics between the ABX index returns and the banks' equity returns through conditioning our analysis on the historical correlation between the variables. Three key results emerge from the analysis. First, we find a positive correlation between movements of the ABX index and the equity returns for all the LCFIs. Second, the volatility of ABX index returns tend to be transmitted to the volatilities of the equity returns of the financial institutions. Third, ABX prices changes lead equity returns changes of the European-based LCFIs. For the US LCFIs a two-way linkage emerges.
Shale oil as a fuel source would need to compete with crude oil. The prospects for shale oil therefore depend upon the market outlook and likely prices for crude oil and its products. These are examined for both the world and Australia. For Australia, market prospects for shale oil are assessed in terms of maintaining a degree of self-sufficiency in petroleum fuels. Shale oil might also need to compete with other synthetic liquid fuels. The prospects for producing these in Australia are discussed. Some factors which might influence the pattern of development of a synthetic fuels industry in Australia are described and a role suggested for the federal government to ensure optimum development for national economic growth. 6 refs., 1 fig.
The conference was organized to bring together scientific and business people from Canada, United States, and Mexico to foster the protection and improvement of the environment and to promote sustainable development in the three NAFTA countries. The sessions are international cooperation and partnerships (panel discussion), markets, market access, economic instruments, venture and capital growth, economic instruments versus regulations, international financial institutions, partnerships and networks, government support programs (panel), acid rain, stratospheric ozone, smog and ground level ozone, innovative measurement methods, hazardous air pollutants, respirable fine particulates, climate change prevention technologies, pollution prevention technologies, indoor air technology, and posters. Selected papers have been abstracted separately.
Limited space permits description of only two examples of Kevlar applications research. There are numerous others. In the eraly product development there were some indications that Kevlar would go mainly into tire reinforcement. This has turned out not to be true. In the mid-seventies Kevlar was participating in only ten market segments and less than fifty specific applications, but today, it is in more than twenty market segments, serving more than two hundred applications, and continued growth is anticipated. Kevlar is produced in a 45 million pound plant in Richmond, VA, USA. In 1988, a second plant was started up in Northern Ireland and plans for a third plant in Japan were announced. The Kevlar innovation story exemplifies the kind of obstacles, interdisciplinary skills and systems approach involved in bringing a laboratory discovery to commercial reality. The story is still unfolding and applications currently not envisioned will ...
The first year of this effort was focussed on the following broad objectives: (1) Analyze the molecular types present in shale oil (as a function of molecular weight distribution); (2) Determine the behavior of these molecular types in liquid-liquid extraction; (3) Develop the analytical tools needed to systematize the process development; (4) Survey the markets to assure that these have high value uses for the types found in shale oil; (5) Explore selective process means for extracting/converting shale oil components into concentrates of potentially marketable components; (6) Compile overview of the venture development strategy and begin implementation of that strategy. Each of these tasks has been completed in sufficient detail that we can now focus on filling in the knowledge gaps evident from the overview.
We discuss the foundations of factor or regression models in the light of the self-consistency condition that the market portfolio (and more generally the risk factors) is (are) constituted of the assets whose returns it is (they are) supposed to explain. As already reported in several articles, self-consistency implies correlations between the return disturbances. As a consequence, the alpha's and beta's of the factor model are unobservable. Self-consistency leads to renormalized beta's with zero effective alpha's, which are observable with standard OLS regressions. Analytical derivations and numerical simulations show that, for arbitrary choices of the proxy which are different from the true market portfolio, a modified linear regression holds with a non-zero value $\\alpha_i$ at the origin between an asset $i$'s return and the proxy's return. Self-consistency also introduces ``orthogonality'' and ``normality'' conditions linking the beta's, ...
The following aspects will be discussed: The main function of the Division of Inspection Services and its role in the Marketing of agricultural products; the shelf life of agricultural products: short review of present methods with a practical example of losses incurred due to limited keeping quality; irradiation and heat treatment: advantages of inhibited microbiological activities and undesirable chemical changes from a quality control point of view; quality standards: the basic principles of quality control; consequences of effective post-harvest treatment: export of deciduous and citrus fruit; the magnitude of the problem of poor keeping quality and quality requirements; other fruit; quantities and export limitations and vegetables; quantity and quality requirements; local marketing: fruit and vegetables subjected to inspection; quantity and quality aspects.
The plug-in hybrid electric vehicle (PHEV) may offer a potential near term, low-carbon alternative to today's gasoline- and diesel-powered vehicles. A representative vehicle technology that runs on electricity in addition to conventional fuels was introduced into the MIT Emissions Prediction and Policy Analysis (EPPA) model as a perfect substitute for internal combustion engine (ICE-only) vehicles in two likely early-adopting markets, the United States and Japan. We investigate the effect of relative vehicle cost and all-electric range on the timing of PHEV market entry in the presence and absence of an advanced cellulosic biofuels technology and a strong (450ppm) economy-wide carbon constraint. Vehicle cost could be a significant barrier to PHEV entry unless fairly aggressive goals for re...
Electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), which obtain their fuel from the grid by charging a battery, are set to be introduced into the mass market and expected to contribute to oil consumption reduction. In this research, scenarios for 2020 EVs penetration and charging profiles are studied integrated with different hypotheses for electricity production mix. The impacts in load profiles, spot electricity prices and emissions are obtained for the Portuguese case study. Simulations for year 2020, in a scenario of low hydro production and high prices, resulted in energy costs for EVs recharge of 20cents/kWh, with 2 million EVs charging mainly at evening peak hours. On the other hand, in an off-peak recharge, a high hydro production and low wholesale prices'...
Full text.The electric energy demand in Lebanon is estimated to grow at an average of 3-5% per year for the coming 10 years. Such an increase in energy demand is problematic for Lebanon since its economy is almost totally dependent on imported fuel which contributes to 97% of the overall energy requirements. Solar water heaters (SWH) are regarded as the most important element in a long term energy conservation and management strategy for this country, but their promotion is a national issue requiring the participation of many stake holders and decision makers. Additionally, the success of solar energy penetration into the existing energy market is constrained by many factors such as technical and financial limitations, decision criteria and policy instruments. This paper will explore the feasibility of SWH, and will work out, using the Analytic Hierarchy Process technique, a policy to ensure a large scale diffusion of SWH in the energy market
The confluence of technology development and market readiness is opening up major business opportunities for photovoltaic (PV) systems throughout the developing world. The National Renewable Energy Laboratory (NREL) and Sandia National Laboratories in Abuquerque (Sandia), working on behalf of the U.S. Department of Energy, have launched pilot projects in several countries throughout the world over the past 3 years. The focus of these pilot projects has been the development of in-country institutional capabilities necessary to deliver the promise of PV electricity to the rural populations. In addition to country-specific activities, NREL is conducting several technology, information, and partnership projects focused on further accelerating the education, training, business, and technology developments necessary to bridge the gap between promise and reality. This paper summarizes these efforts.
Selected applications of novel techniques in Agricultural Biotechnology, Health Food formulations and Medical Biotechnology are being reviewed with the aim of unraveling future developments and policy changes that are likely to open new markets for Biotechnology and prevent the shrinking or closing of existing ones. Amongst the selected novel techniques with applications in both Agricultural and Medical Biotechnology are: immobilized bacterial cells and enzymes, microencapsulation and liposome production, genetic manipulation of microorganisms, development of novel vaccines from plants, epigenomics of mammalian cells and organisms, and biocomputational tools for molecular modeling related to disease and Bioinformatics. Both fundamental and applied aspects of the emerging new techniques are being discussed in relation to their anticipated, marked impact on future markets and present policy changes that are needed for success in either ...
In today's maturing consumer markets, emphasis is shifting from straightforward sales to a more holistic approach to customer life cycle management, with a stronger emphasis on how sales are generated and service provided all along the customer journey. Effectively managing these different marketing, sales and service channels poses a significant challenge. Companies need new strategies, structures, processes and tools to deliver customer value across all channels. A multi-channel, integrative customer model that delivers customer value and significant return on investment (ROI) requires both a strong understanding of customer preferences and behaviours and a robust IT architecture that supports the overarching customer relationship management (CRM) strategy. Even those organizations that ...
The first part of the study goes into the determination of efficient strategies for the reduction of air pollutants. The developed method is not only derived theoretically but is tested with the concrete example of emissions sources of a German state. The second part goes into the question what the government can do in order to attain that air pollution abatement measures recognized as being efficient will be put into practice. As market economy mechanisms have advantages over central state planning in the allocation of economic resources the question arises if not also for environmental protection market economy tools may contribute to an improvement of the efficiency of air pollution abatement. Therefore the suitability of different tools of environmental policy for the realization of efficient air pollution abatement is investigated and evaluated. This is again not done abstractly but with existing emission sources. (orig./HSCH). 32 figs., ...
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.
This paper analyzes the diffusion of mobile telecommunications services in Vietnam and examines how telecommunications regulation and potential substitute/complement services affect the growth of the number of mobile telephone subscribers. Using a logistic diffusion model, it is found that fixed telephone services are a complement while data services have a negative relation to mobile telephone services in Vietnam. As for regulation, the policy of introducing competition has been found to be the most effective in influencing the adoption of mobile services. Another important result is that the estimated potential market is roughly 76% of the total population. The findings suggest that suitable regulation that guarantees competition in the mobile telecommunications market in a developing co...
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...
Information technology allows national and local governments to satisfy the needs of citizens in a cost effective way. Unfortunately, citizens still tend to prefer traditional, more costly channels, such as the front desk, phone and mail. Through pilot projects government agencies attempt to influence this behavior of citizens, directing them towards the online channel. With this paper we provide insight into the possibility to influence citizens' behavior in the complex landscape of multi-channel service provision. The paper systematically compares five pilot projects using a framework that is based on organizational and marketing literature. The results show that socio-psychological factors are crucial in multi-channel management, much more than the technology itself. We conclude that ci...
In most current recommender systems, the goal to accurately predict what people want leads to the tendency to recommend popular items, which is less helpful in revealing user?s personality, especially to new users. In this paper, we propose a heuristic music recommendation method for niche market by focusing on how to identify user?s personality as soon as possible. Instead of trying to improve algorithm's performance on new users by recommending the most popular items, we work on how to make them ?familiar? with the system earlier. The method is more suitable for brand-new users, and gives a hint to solve the cold start problem. In real applications it is better to combine it with a traditional approach.
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.
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. (author)
Effective and efficient strategic decision making is the backbone for the success of a business organization. These decision making processes, used among its competitors in a particular industry, determine whether the business will continue to survive or not. In this research, fuzzy logic (FL) concept and game theory are being used to model strategic decision making processes by business organizations. Competition between business organizations is viewed as a game with each business organization as a player. A player formulates his own decisions by making his strategic moves based on uncertain information. This is the information he has about the opponents with respect to prevailing or anticipated market demand, cost of production, marketing, consolidation efforts and some other business v...
Capturing the Daylight Dividend conducted activities to build market demand for daylight as a means of improving indoor environmental quality, overcoming technological barriers to effective daylighting, and informing and assisting state and regional market transformation and resource acquisition program implementation efforts. The program clarified the benefits of daylight by examining whole building systems energy interactions between windows, lighting, heating, and air conditioning in daylit buildings, and daylighting's effect on the human circadian system and productivity. The project undertook work to advance photosensors, dimming systems, and ballasts, and provided technical training in specifying and operating daylighting controls in buildings. Future daylighting work is recommended in metric development, technology development, testing, training, education, and outreach.
The marketing strategy developed for use in international markets by the S. M. Group International of Longueuil, Quebec, a company with interest and well-developed expertise in the environmental and energy sector, was described. The strategy is designed to aid in the selection of countries or regions of interest, in determining the sector of activity to be emphasized, in selecting a local partner or local business representatives, and in making contact locally with the people responsible for the development banks in the target countries in an effort to create awareness of the company. The company also tries, wherever possible, to promote its services to local governmental agencies through the industrial cooperation program of CIDA. Since development banks have a very conservative behaviour, past performances and constant provision of high quality services are of prime importance.
The aim of this economic study is the wording of a synthetic document for the public information in the framework of the 98/30/CE european directive transposition to the gas internal market. It is writing in four main chapters, one for each country concerned: the Germany, the Spain, the Netherlands and the United Kingdom. Each one presents the historical context, the actors of the natural gas industry and the main provisions. (A.L.B.)
A growing concern about the consumer behavior in Internet economy has spurred the study of Material Flow, resulting in a unique type of consumer behavioral analysis. This research proposes an enhanced conceptual model for Personalized Material Flow Services for consumer behavior. In the era of Internet information technology, customer?s taste tends to be personalized for their market demand. It is observed that there are number of ?Long Tail? phenomena in several successful e-commerce business cases. However, the Long Tail phenomenon is an open question for our research in terms of its role in e-commerce marketing. In the proposed model-X-Party Personalized Material Flow Services, three elements are discussed. They are ?providing?, ?locating? and ?obtaining? based on X-Party Material Flow ...
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.
Restructuring of power system has changed the traditional planning objectives and introduced challenges in the field of Transmission Expansion Planning (TEP). Due to these changes, new approaches and criteria are needed for transmission planning in deregulated environment. Therefore, in this paper, a dynamic expansion methodology is presented using a multi-objective optimization framework. Investment cost, congestion cost and reliability are considered in the optimization as three objectives. To overcome the difficulties in solving the non-convex and mixed integer nature of the optimization problems, a Non-Dominated Sorting Genetic Algorithm (NSGA II) approach is used followed by a fuzzy decision making analysis to obtain the final optimal solution. The planning methodology has been demonstrated on the IEEE 24-bus test system and north-east of Iran national 400 kV transmission grid to show the feasibility and capabilities of the proposed algorithm in electricity ...
The purpose of this paper is to investigate the influence of diabetic myocardial damage (suspected myocardial damage; SMD) diagnosed by [sup 201]Tl-SPECT and diabetic cardiac autonomic neuropathy (AN) on myocardial MIBG uptake in patients with NIDDM. Eighty-seven diabetic patients divided into four subgroups: 23 with SMD (+) AN (+); 19 with SMD (+) AN (-); 27 with SMD (-) AN (+); 18 with SMD (-) AN (-), and 10 controls were studied. Both planar and SPECT images were taken at 30 minutes (early) and 3 hours (delayed) after [sup 123]I-MIBG injection. The heart to mediastinum uptake ratio (H/M) and washout ratio of [sup 123]I-MIBG (WR) were obtained from both planar images. Similarly, the difference between the [sup 201]Tl image and the [sup 123]I-MIBG image in the total uptake score (TUS) was taken as the difference in the total uptake score ([Delta]TUS) representing cardiac sympathetic denervation without SMD. On both early and delayed planar images, the mean H/M value in the subgroups ...
The Transportation Energy Data Book: Edition 12 is a statistical compendium prepared and published by Oak Ridge National Laboratory under contract with the Office of Transportation Technologies in the Department of Energy. Designed for use as a desk-top reference, the data book represents an assembly and display of statistics and information that characterize transportation activity, and presents data on other factors that influence transportation energy use. The purpose of this document is to present relevant statistical data in the form of tables and graphs. Each of the major transportation modes--highway, air, water, rail, pipeline--is treated in separate chapters or sections. Chapter 1 compares US transportation data with data from seven other countries. Aggregate energy use and energy supply data for all modes are presented in Chapter 2. The highway mode, which accounts for over three-fourths of total transportation ...
The objective of the Coastal Habitat Injury Assessment study was to document and quantify injury to biota of the shallow subtidal, intertidal, and supratidal zones throughout the shoreline affected by oil or cleanup activity associated with the Exxon Valdez oil spill. The results of these studies were to be used to support the Trustee`s Type B Natural Resource Damage Assessment under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA). A probability based stratified random sample of shoreline segments was selected with probability proportional to size from each of 15 strata (5 habitat types crossed with 3 levels of potential oil impact) based on those data available in July, 1989. Three study regions were used: Prince William Sound, Cook Inlet/Kenai Peninsula, and Kodiak/Alaska Peninsula. A Geographic Information System was utilized to combine oiling and habitat data and to select the probability sample of study sites. Quasi-experiments were ...
The bullet evidence in the JFK assassination investigation was reexamined from metallurgical and statistical standpoints. The questioned specimens are comprised of soft lead, possibly from full-metal-jacketed Mannlicher-Carcano, 6.5-mm ammunition. During lead refining, contaminant elements are removed to specified levels for a desired alloy or composition. Microsegregation of trace and minor elements during lead casting and processing can account for the experimental variabilities measured in various evidentiary and comparison samples by laboratory analysts. Thus, elevated concentrations of antimony and copper at crystallographic grain boundaries, the widely varying sizes of grains in Mannlicher-Carcano bullet lead, and the 5-60 mg bullet samples analyzed for assassination intelligence effectively resulted in operational sampling error for the analyses. This deficiency was not considered in the original data interpretation and resulted in an invalid conclusion in ...
The purpose of the Air Force Health Study is to determine whether those individuals involved in the spraying of herbicides in Vietnam during the Ranch Hand operation have experienced any adverse health effects as a result of their participation in that program. The study is designed to evaluate both the mortality (death) and morbidity (disease) in these individuals over a 20-year beginning in 1982. The Baseline Mortality Report was released in June 1983, the Baseline Morbidity Report in February 1984. Follow-up mortality reports were released in 1984, 1985, and 1986. This study has not demonstrated health effects which can be conclusively attributed to herbicide or dioxin exposure. This report contains analyses of cumulative deaths occurring up to 31 December 1987. The overall cumulative mortality of the Ranch Hands remains statistically indistinguishable from that of both their matched Comparisons and the entire Comparison, population, although there is a ...
How much information is stored in the ground-state of a system without \\emph{any symmetry} and how can we extract it? This question is investigated by analyzing the behavior of a topological Chern Insulator (CI) in the presence of disorder, with a focus on its entanglement spectrum (EtS) constructed from the ground state. For systems with symmetries, the EtS was shown to contain explicit information revealed by sorting the EtS against the conserved quantum numbers. In the absence of any symmetry, we demonstrate that statistical methods such as the level statistics of the EtS can be equally insightful, allowing us to distinguish when an insulator is in a topological or trivial phase and to map the boundary between the two phases, where EtS becomes entirely delocalized. The phase diagram of a CI is explicitly computed as function of Fermi level ($E_F$) and disorder strength using the level statistics of the EtS and energy ...
The Electric Power Monthly (EPM) presents monthly electricity statistics for a wide audience including Congress, Federal and State agencies, the electric utility industry, and the general public. The purpose of this publication is to provide energy decisionmakers with accurate and timely information that may be used in forming various perspectives on electric issues that lie ahead. The Coal and Electric Data and Renewables Division; Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA), Department of Energy prepares the EPM. This publication provides monthly statistics at the State, Census division, and US levels for net generation, fossil fuel consumption and stocks, quantity and quality of fossil fuels, cost of fossil fuels, electricity sales, revenue, and average revenue per kilowatthour of electricity sold. Data on net generation, fuel consumption, fuel stocks, quantity and cost of fossil fuels are ...
The Electric Power Monthly (EPM) presents monthly electricity statistics for a wide audience including congress, Federal and State agencies, the electric utility industry, and the general public. The purpose of this publication is to provide energy decisionmakers with accurate and timely information that may be used in forming various perspectives on electric issues that lie ahead. This publication provides monthly statistics at the State, Census division, and US levels for net generation, fossil fuel consumption and stocks, quantity and quality of fossil fuels, cost of fossil fuels, electricity retail sales, associated revenue, and average revenue per kilowatthour of electricity sold. In addition, data on net generation, fuel consumption, fuel stocks, quantity and cost of fossil fuels are also displayed for the North American Electric Reliability Council (NERC) regions. The EIA publishes statistics in the EPM on net ...
I present here a review of past and present multi-disciplinary research of the Pittsburgh Computational AstroStatistics (PiCA) group. This group is dedicated to developing fast and efficient statistical algorithms for analysing huge astronomical data sources. I begin with a short review of multi-resolutional kd-trees which are the building blocks for many of our algorithms. For example, quick range queries and fast n-point correlation functions. I will present new results from the use of Mixture Models (Connolly et al. 2000) in density estimation of multi-color data from the Sloan Digital Sky Survey (SDSS). Specifically, the selection of quasars and the automated identification of X-ray sources. I will also present a brief overview of the False Discovery Rate (FDR) procedure (Miller et al. 2001a) and show how it has been used in the detection of ``Baryon Wiggles'' in the local galaxy power spectrum and source identification in radio data. ...
The current status of a computational aeroacoustics (CAA) approach to simulate broadband noise is reviewed. The method rests on the use of steady Reynolds averaged Navier-Stokes (RANS) simulation to describe the time-averaged motion of turbulent flow. By means of synthetic turbulence the steady one-point statistics (e.g. turbulence kinetic energy) and turbulent length- and time-scales of RANS are translated into fluctuations having statistics that very accurately reproduce the initial RANS target-setting. The synthetic fluctuations are used to prescribe sound sources which drive linear perturbation equations. The whole approach represents a methodology to solve statistical noise theory with state-of-the-art CAA tools in the time-domain. A brief overview of the synthetic turbulence model and its numerical discretization in terms of the random particle-mesh (RPM) and fast random particle-mesh (FRPM) method is given. Results ...
Spatio-temporal preferences and encounter statistics provide realistic measures to understand mobile user's behavioral preferences and transfer opportunities in Delay Tolerant Networks (DTNs). The time dependent behavior and periodic reappearances at specific locations can approximate future online presence while encounter statistics can aid to forward the routing decisions. It is theoretically shown that such characteristics heavily affect the performance of routing protocols. Therefore, mobility models demonstrating such characteristics are also expected to show identical routing performance. However, we argue models despite capturing these properties deviate from their expected routing performance. We use realistic traces to validate this observation on two mobility models. Our empirical results for epidemic routing show those models' largely differ (delay 67% & reachability 79%) from the observed values. This in-turn call for two ...
We directly measure the evolution of the intergalactic Lyman-alpha effective optical depth, tau_eff, over the redshift range 2 is <1% at z=2, 4% at z=3, and 12% at z=4. Previous measurements of tau_eff at 3statistical metal removal results in the literature, finding that this contribution is ~6-9% at z=3 and decreases monotonically with redshift. The high precision of our measurement, attaining 3% in redshift bins of width Delta z=0.2 aro und z=3, indicates significant departures from the best-fit power-law redshift evolution (tau_eff=0.0018(1+z)^3.92, when metals are left in), particularly near z=3.2. The observed downward departure is statistically consistent with a ...
Energy Related Inventions Program Number 613 was a two year program to commercialize a unique new wear material, Metal Reinforced Carbon Composite, MRCC. The program was designed to manufacture sample components of MRCC for evaluation by potential users and manufacturers. As a result of the program Burton Technologies Inc. and Rotary Power International are forming a joint company to manufacture, market and license MRCC materials to a wide range of industries.
Little recent research is available about where specific types of farm managers search for information about better production practices. The objective of this study was to investigate what information sources managers used and how they rated the usefulness of each source. The authors administered mail questionnaires to probability samples from sampling frames they developed for four groups: dairy and fresh market vegetable producers from Wisconsin and berry and nursery producers from a multistate region. Questionnaire items asked operation managers to check off, from a list of information sources, those that they used in the last year to learn about new equipment or procedures to improve their operations and then to rate the usefulness of each source. In the last year, nursery, dairy, and berry managers most often used information from print media (63% to 84%), followed by other farmers (50% to 80%). Fresh market vegetable growers used ...
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
The ERICAM model (Environmental Risk Internalization through Capital Markets) includes the capital markets as a source contributing to the coverage of risks due to nuclear activites, thus enhancing the effectiveness and functions of the nuclear liability law. The model proposed will allow higher amounts for compensation and will increase financial security, flow of information, and efficient use of resources. The implementation of the model can be achieved on the financing side by issuing Nuke bonds, linking accident-specific options to government bonds. This will essentially increase the risk coverage compared to present means, and will be a pin-pointed addition to the existing layer system. There are three institutions proposed to act as mediators in the implementation of the model: A government authority to supervise the trade in Nuke bonds. Risk-bearing associations in oder to enhance the model`s efficiency, and to reduce transaction costs. ...
Describes general trends in the quality of rural education: equivalent rural and urban performance on national standardized tests and high school graduation rates but continuing rural deficits in college attendance and teacher qualifications. Discusses the below-average performance of southern rural schools, factors affecting rural students' college attendance, and the influence of changing labor markets. (SV)
Maintaining efforts at the end of a very average year in terms of tonnages marketed, maintaining a high degree of vigilance art responsiveness in the face of competition from other energy sources, emphasizing the exemplary safety of industrial plant, and playing an increased role as a source of proposals within the context of dialogue with the authorities in the current environment of stricter regulations. (author)
Since August 2000, the stock market in the USA as well as most other western markets have depreciated almost in synchrony according to complex patterns of drops and local rebounds. In (Quantitative Finance 2 (2002) 468), we have proposed to describe this phenomenon using the concept of a log-periodic power law antibubble, characterizing behavioral herding between investors leading to a competition between positive and negative feedbacks in the pricing process. A monthly prediction for the future evolution of the US S&P 500 index has been issued, monitored and updated in (http://www.ess.ucla.edu/faculty/sornette/prediction/index.asp#prediction), which is still running as the article goes to press. Here, we test the possible existence of a regime switching in the US S&P 500 antibubble. First, we find some evidence that the antibubble has exhibited a transition in log-periodicity described by a so-called second-order log-periodicity. ...
A century of technical development put steam turbines on a high level regarding efficiency and reliability. This procedure is still ongoing. The technological-commercial point of view - influenced intensively by liberalisation of the energy-market - makes great demands on field services. Well suited concepts in service and modernization are the solutions, as shown in NPP Emsland upgrade.
... Although the rest of the country is less affected, if UK annual feeding and milling volumes of wheat are approximately 120,000t the drought will inevitably result in a shortfall. Looking back at the 2010 season the organic arable market performed strongly, with average feed wheat values since Christmas of 𧷐/tonne - 䀆/t higher then the same period last year. This provided a profitable ...
Involving effects of media, opinion leader and other agents on the opinion of individuals of market society, a trader based model is developed and utilized to simulate price via supply and demand. Pronounced effects are considered with several weights and some personal differences between traders are taken into account. Resulting time series and probabilty distribution function involving a power law for price come out similar to the real ones.
This extended article describes Sasol, the synthetic fuel producing plant in South Africa. It produces other fuels in addition to synfuel, from local coal. A very thorough review covering all aspects of the plant is given. These include: economic; chemical and environmental. The chemistry of the processes involved, the Fischer-Tropsch synthesis and the Lurgi process are described in some detail. Consideration is also given to the establishment of new plants, research and development projects, marketing and available coal resources.
Amidst the explosion of greenfield natural gas-fired combined-cycle plant development, opportunities still exist for valuable plant repowering and retrofits by taking advantages of unique technical and market conditions. One of the projects discussed is the rebuilding of the coal-fired Hawthorne unit 5 damaged by a boiler explosion. 3 tabs., 5 photos.
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.
This short article describes the strategies taken into consideration by the Swiss Federal Office of Energy for the promotion of renewable forms of energy in Switzerland. Two basic models are considered and the parts to be played by the Swiss Confederation, the Swiss Cantons, Energy Agencies and professional organisations are discussed. The importance of the activities of partner organisations and actor-networks in various areas such as solar, small hydro, geothermal and wind energy are discussed, as are models for financing the necessary promotion and marketing efforts
Pumped storage plants (PSP) supply up to several GW of power and several ten GWh of capacity. Short start-up times and low start-up costs predestine PSP for the control energy market. Grid charges for PSP endanger the further integration of renewable energy and lead to higher electricity supply costs. Therefore, an amendment of legislation is urgently required. Requirements for building large PSP are met at numerous sites in the low mountain ranges of Germany. (orig.)
The objective of the program is to develop technology that results in economical, industry produced, and commercially marketable wind energy systems. The purpose of the VAWT Design Technology Seminar for Industry was to provide for the exchange of the current state of the art and predictions for future VAWT technology. Emphasis was placed on technology transfer on Sandia's technical developments and on defining the available analytic and design tools.
Only two years ago, plastic film recycling was considered an onerous task. Different resins had to be identified, colors had to be separated, and minute contaminants had to be weeded out almost by hand to produce a quality material. But the tide of plastic film recycling is changing now that new technologies have emerged and more organized collection infrastructure have been developed. Today, plastic film recycling maintains a lucrative market for those with the right combination of equipment and know-how.
The objectives of this R and D project are as follows : First, transferring developed technologies to outside companies and operating technology market to vitalize technology transactions, Second, developing commercial application projects to transfer technologies for commercial purposes and to solve interface problems in commercial applications, Third, enhancing commercial utilizations of developed accelerator and beam utilization technologies, Finally. preparing infra-structures for the development of over 30 venture- businesses based on achieved technologies through the Proton Engineering Frontier Project.
This study presents the results of an 18-year long investigation of pipe deterioration in cyclone slag slurry transport. The goal was to study pipe behaviour in this extremely abrasive service and select an optimum piping material. Comparisons are given for high quality alloy cast steel pipes and pipes alined with cast basalt rings marketed under the name Abresist.
This study presents the results of an 18-year long investigation of pipe deterioration in cyclone slag slurry transport. The goal was to study pipe behaviour in this extremely abrasive service and select an optimum piping material. Comparisons are given for high quality alloy cast steel pipes and pipes lined with cast basalt rings marketed under the name Abresist. Based on the results, thoughts are offered on the broader meanings of certain findings.
The US DOE`s Photovoltaics program has helped photovoltaic technologies evolve from materials and concepts in the laboratories to competitive products rolling off automated assembly lines. This document is divided into the following sections: 1992 PV program accomplishments, expanding markets for photovoltaic systems, developing today`s systems with utilities and industry, working with industry to advance the technology, cooperative research to improve materials and devices, selected achievements in cooperative R and D, and PV program services. Figs, tabs.
All over the world the implementation of energy efficient and clean technologies can be hardly considered without opening the way to competition and the involvement of private investment. If such terms are valid for reach countries there are even more adequate for economies in transition like Romania's, which inherited and obsolete productive equipment, can mobilize insufficient resources for development-modernization and exhibits a quasi-unanimous option of adhering at European Union. (author). 3 tabs., 11 refs.
The paper discusses future oil combustion. A greenhouse-related environmental driving-force seems set to emerge in the capital markets in the years ahead. This will severely compound other already serious environment-related financial problems blighting the oil-industry`s access to capital radar screen. The wise oil company is now, increasingly clearly, the company thinking about how to begin repositioning itself for the twenty-first century as a total energy company. 6 refs.
Overloaded transmission lines are only part of the problem. The ability of the network to carry power is also limited by the supply of reactive power and by frequency stability. Reactive power problems must be corrected in minutes, frequency stability problems in seconds. There is no way that market forces can handle these problems. Reactive power must be supplied to all long transmission and distribution lines to compensate for the loss of reactive volt-amperes - and resulting voltage drop - in the reactance along the line`s length. 7 figs.
The paper abstracted gives a tabular survey of the suppliers and applications of measuring equipment. Equipment is available for the following fields of application: Continuous measuring instruments for stationary operation, laboratory equipment for sampling and hand equipment for mobile measurement, sampling equipment for examining emissions and gases, detectors, storage and evaluation equipment and meteorological instruments. (PW).
... The products can be categorised as glazed flat-plate collectors, evacuated glass-tube collectors, and unglazed plastic or low temperature collectors. Glazed flat-plate collectors and vacuum tubes are widely used for solar water heating and space heating systems in all types of buildings. Unglazed plastic collectors are used exclusively for lower temperature applications, such as outdoor swimming pools or the agrarian business. Flat-plate solar collectors are likely to ...
Recently, US energy service companies (ESCOs) have begun to actively explore markets outside the US. Despite the needs of many countries for ESCO involvement, ESCOs face many challenges (i.e., marketing, financial, institutional, political and cultural barriers). Consequently, most of these firms pursue international project opportunities very selectively due to the costs and risks associated with project development. Despite these barriers, some ESCOs view international work as a strategic expansion of their business, assuming that there will be adequate business in the future to repay them for their initial investment. In this paper, the authors present the findings from a recently completed study on the proposed development of an ESCO industry in Japan. The study was based on four sources of information: (1) a review of the published and unpublished literature on ESCOs; (2) interviews with 26 ESCOs in the US, the US Department of Energy, and ...
To achieve the high degree of management control and operational efficiency necessary for new undertakings, there will be a heavy dependence on schemes for the remote control and monitoring of all mine activities both on the surface and underground, plus the provision of information on operations, plant and equipment. This will all need to be supervised from a central control point on the colliery surface. A survey of recently introduced instrumentation systems makes it clear that British manufacturers already have made major advances in the field of automation, and new equipment constantly comes on to the market.
Revisions at steam turbines should present a problem-free procedure due to the long use of these machines. Changes in the market result in difficulties during the inspection work. The shortage of qualified personnel and manufacturing capacities are the cause for these difficulties. Important procedures of revisions are described in detail in the VGB regulations. Direct contacts between the customers and the suppliers facilitate the expirations substantially. In the case of good planning and under consideration of the well-known regulations, a revision can be accomplished to the satisfaction of customers and suppliers.
...] Transmission of Exchange Rate Shocks into Domestic Inflation: The Case of the Czech Republic by Oxana Babetskaia-Kukharchuk [Downloadable!] Measuring the Financial Markets' Perception of EMU Enlargement: The Role of Ambiguity Aversion by Martin Cincibuch & Martina Hornikova [Downloadable!] Inflation Targeting and Communication: Should the Public Read Inflation Reports or Tea Leaves? by Ales Bulir & Katerina Smidkova & ...
In this third, and concluding, article of the series the emission limits set by the US Clean Air Act and its amendements are set out. A number of flue gas desulfurization processes that have been developed for the utility and industrial markets are evaluated. Annual operating costs are indicated.
The results of Independent Energy's Financial Rankings survey for 1992 as well as the second half of 1992 showed increased activity in almost every category. In stronger showing was evident in all categories except corporate finance and revenue bonds. The total amount of project finance equity and debt, corporate finance and revenue bonds reported in 1992 was nearly $16 billion - up 45% from what was reported in 1991.
This project analyzes Nordic trends in the development and industrial uptake of green nanotechno-logy in construction. The project applies an evolutionary economic perspective in analyzing the innovation dynamics and firm strategies in the window value chains in three Nordic countries, Denmark, Finland and Sweden. Hence the project investigates two pervasive parallel market trends: The emergence of the green market and the emergence of nanotechnology. The analysis investigates how a traditional economic sector such as the construction sector reacts to such major trends. Conclusions are multiple, but among the most important are: Eco-innovation has become the perhaps most important driver for innovation in the construction sector. Search into eco-innovative business opportunities is intense among all companies along the three analyzed Nordic window chains. While we generally find a low uptake of nanotechnology in the construction sector in the ...
This 2001 edition of the guide to UK renewable energy companies examines the geothermal heat pump sector, and discusses the technology involved, installations of geothermal heat pumps, the activity in the UK market with increased interest in UK geothermal heat pump products from abroad, and developments in the building sector. The UK government's increased support for the industry including its sponsorship of the Affordable Warmth programme, and the future potential of ground source systems are discussed.
This 2001 edition of the guide to UK renewable energy companies examines the geothermal heat pump sector, and discusses the technology involved, installations of geothermal heat pumps, the activity in the UK market with increased interest in UK geothermal heat pump products from abroad, and developments in the building sector. The UK government's increased support for the industry including its sponsorship of the Affordable Warmth programme, and the future potential of ground source systems are discussed.
This economic analysis of the fuel oils market deals with the fiscality of the product and the place of the traditional suppliers facing the introduction of the supermarkets in the distribution sector. Facing the fiscality and the competition, the fuel oils suppliers stay confident. (A.L.B.)
Solar cookers offer a viable alternative to conventional cooking methods in many areas, and can be an effective tool in the fight against the deforestation and desertification that plague many developing countries. However, there have been numerous obstacles to the successful dissemination of solar cookers in the past. The purpose of this paper is to identify opportunities, review constraints and develop a marketing strategy to disseminate the Sundyne Solar Cooker (SSC) in developing countries.
The mid-range industrial market currently consumes 4.2 million metric tons of hydrogen per year and has an annual growth rate of 15% industries in this range require between 100 and 1000 kilograms of hydrogen per day and comprise a wide range of operations such as food hydrogenation, electronic chip fabrication, metals processing and nuclear reactor chemistry modulation.
EREC, the international umbrella organization, published last year a study on export strategies for renewable energy technologies. The 150-page document provides valuable information on key export markets and financial institutions, and presents the various branches' perspectives for the future. The following excerpts will whet your appetite for more. The complete study is available for download: www.erec-renewables.org (Eurees). (orig.)
There have been no radically new commercial bulk explosives since Atlas Powder Company's introduction of emulsions onto the market in 1968. But the effectiveness, safety and management of these familiar explosives is continuously being improved by the development of blast design techniques, explosives delivery and initiation systems, and monitoring methods. The author looks at developments in blasting technology and discusses experiences with Handibulk emulsion delivery systems.
In the market economy, Daya Bay Nuclear Power Station needs to out source or allow to suppliers among industries, while concentrating its core competitive capability, for safely and stable operation. By evaluating the features of contract management in Daya Bay Nuclear Power Station, set up the organization and process of the supply management
Clear effects of the Act on Power Generation from Renewable Energy Sources (EEWaermeG) on the market cannot be recognized both for the depth geothermal energy and ground source geothermal energy. Due to the concrete design of the law a position that is inferior to others is attained in relation to some other renewable energy sources.
This guide is one of the actions following from the recommendations of the Thermie B project that aimed to support the development of a new European Integrated Clean Coal (CCT) Program concept (STR - 1121 - 96), November 1998. The concept aimed to enhance the market deployment of EU CCTs. This guide is prepared for EU industry to help them finding support for their CCT exports to the target markets. The guide will include easy accessible information on the most relevant EC-programs and is intended as a practical tool for EU CCT industry, to assist them in identifying and selecting the export support and programs best able to support their specific export assistance. The guide is a manual (signpost) through the 'jungle of assistance' and therefore does not include extensive information on application procedures, since this kind of information can be easily obtained, once the relevant program is identified. Also information will ...
The present report outlines the background and issues supporting the national strategy which was developed to deploy U.S. Government resources most effectively to increase environmental technologies exports and to enhance the trade competitiveness of the U.S. environmental technologies sector. The document is a supplement to the strategic framework.
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.)
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, ...
A century ago--in the year J.J. Thomson discovered the electron--electricity, gas and traction companies battled for markets, and corrupt city councils demanded their fair share of the take. One tycoon became so disgusted with the confusion and dishonesty that he decided to bribe the legislature to set up an honest, state-run regulatory agency that would bring order to chaos. But he was found out. The scandal set back the cause of regulation until 1907, the year in which the electric washing machine and the vacuum cleaner were invented. By then, electricity sales had septupled from 1897 levels, and three states had established utility regulation. In the coming decade, 1997 to 2007, the utility business could undergo similar dramatic change, but it will move toward less regulation and more competition during a period of slow growth. Management will have to work harder to achieve success, however, because much of the profits will have to come not from a growing ...
The report consist of the following appendices: A. Cost annualization model; B. Facility level analysis; C. Market model methodology; D. Summary of Demand and Supply Elasticity Literature; E. Sensitivity analysis; and F. Cost effectiveness analysis.
This paper describes the research and development activities in three areas of radiation processing, namely: food irradiation, medical product sterilization and wood plastic combination. Plans and efforts exerted to acquire a larger gamma source to augment our present 5,000 curie source are discussed. Cost estimates for a radiation facility are presented on the basis of the market potential of food irradiation and medical product sterilization. Existing local industries that can benefit from the adaptation of irradiation technology in their processing requirements are described.
Considering the fact that more than 40% of all household wastes are organic wastes composting could be an excellent relief and complement to other waste disposal methods (e.g. combustion or direct landfills). Provided the right conditions household wastes could be composted together with sewage sludges and manures. The paper discusses the legal aspects, quantitative evaluations, conveying systems, as well as the compost utilization and marketing aspects valid for the Federal Republic of Germany.
Objective was to develop a glass utilizing the silica waste material from geothermal energy production, and to supply local artists with this glass to make artistic objects. A glass composed of 93% indigenous Hawaiian materials was developed; 24 artists made 110 objects from this glass. A market was found for art objects made from this material.
This quarterly report covers the period from January 1, 2005 through March 31, 2005. It covers: technical development, permitting status, engineering status, construction status, operations summary and marketing support activities for this period. Plant startup is still continuing. Testing of admixtures to enhance extrusion and SDA wetting is continuing. Efforts are underway to improve plant availability.
The Geothermal Energy Association ({open_quotes}GEA{close_quotes}) will create and manage a Geothermal Heat Pump ({open_quotes}GHP{close_quotes}) Training Center to deliver GHP and HVAC courses throughout California in response to imminent demand driven by national promotion. GEA services include providing management structure, cadre, curricula, promotion and physical equipment. The Center is dedicated to infrastructure strengthening goals of the Geothermal Heat Pump Consortium, Inc. ({open_quotes}GHPC{close_quotes}), the California Energy Commission ({open_quotes}CEC{close_quotes}) and Interagency Geothermal Heat Pump Task Force, and Geothermal Energy Association ({open_quotes}GEA{close_quotes}). Second-half 1996 start-up is co-funded by GHPC, CEC, GEA and three California utilities. Initial support is to five utilities representing 70 percent of California power users. Goals include becoming market driven by year No. 3 and self-finding by year No. 5. AR training ...
The report presents a long-range plan for a broad-based, coordinated research, development and market transformation program for reducing the lighting energy intensities in commercial and residential buildings in California without compromising lighting quality. An effective program to advance lighting energy efficiency in California must be based on an understanding that lighting is a mature field and the lighting industry has developed many specialized products that meet a wide variety of light needs for different building types. Above all else, the lighting field is diverse and there are applications for a wide range of lighting products, systems, and strategies. Given the range of existing lighting solutions, an effective energy efficient lighting research portfolio must be broad-based and diverse to match the diversity of the lighting market itself. The belief that there is one solution--a magic bullet, such as a better lamp, for ...
"Precision manufacture of ceramic parts with CNC machining capability for aerospace, lasers, semiconductors and other industries. Materials include alumina, zirconia, glass, ferrites, silicon carbide, silicon nitride, sapphire, cordierite, mullite and others. A.C.T. has seen the number of applications and demand for high-realiability ceramics (aluminum oxide, zirconia, glass, ferrites, silicon carbide, silicon nitride, sapphire, cordierite, mullite, etc...) increase continually within the aerospace, computer and the industrial markets."
This paper discusses the characteristics and needed improvements/enhancements required for the expansion of the grid-tied residential power systems market. The purpose of the paper is to help establish a common understanding, between the technical community and the customers of the technology, of value and costs and what is required in the longer term for reaching the full potential of this application.
The Planning Process of Brazilian Electric Sector Expansion, their normative aspects, instruments, main agents and the planning cycles are described. The methodology of expansion planning is shown, with the interactions of several study areas, electric power market and the used computer models. The forecasts of methodology evolution is also presented. (C.G.C.).
In order to reduce the total number of experiments for achieving the highest removal of methylene blue (MB) from aqueous solutions using yellow passion fruit peel (Passiflora edullis, F. flavicarpa) and mandarin peel (Citrus reticulata) as biosorbents two independent sets of full 23 factorial designs with two central points (10 experiments) were experimented. In order to continue the optimization of the system a new full 22 factorial design with two central points (six experiments) and a central composite surface analysis (13 experiments, divided into four cube points, five centre points, and four axial points) were employed for yellow passion fruit peel (PFP) and mandarin peel (MP), respectively. Using these statistical tools, the best conditions for MB removal from aqueous solution were ...
In a first paper (Forni & Aghanim 1999), we developed several statistical discriminators to test the non-gaussian nature of a signal. These tests are based on the study of the coefficients in a wavelet decomposition basis. In this paper, we apply them in a cosmological context, to the study of the nature of the Cosmic Microwave Background (CMB) anisotropies. The latter represent the superposition of primary anisotropy imprints of the initial density perturbations and secondary ones due to photon interactions after recombination. In an inflationary scenario (standard Cold Dark Matter) with gaussian distributed fluctuations, we study the statistical signature of the secondary effects. More specifically, we investigate the dominant effects arising from the Compton scattering of CMB photons in ionised regions of the Universe: the Sunyaev-Zel'dovich effect of galaxy clusters and the effects of a spatially inhomogeneous re-ionisation of the ...
It has been widely assumed that South Africa has achieved universal basic education. Through an analysis of the 2001 census and two national enrolment datasets rather than statistical projections, this study re-examines this assumption and provides new estimates of enrolment levels in primary, basic and secondary education. Using GER, NER, and ASER indicators, disaggregated by gender and province, the study shows that access to education in South Africa is not as widespread as published sources note. While statistics show that national access levels are lower than prevailing estimates, the relatively high levels of access in some of the most disadvantaged provinces suggest the need to re-evaluate assumptions about targets for universal access for developing regions. In addition, the analysis reveals South Africa's unexpected and provocative gendered patterns of access and participation.
We analyzed 16 radiographic features of primary Ewing's sarcoma in 342 patients from the IESS 7299 (Intergroup Ewing's Sarcoma Study) for prognostic significance. Of these, 3 features demonstrated a statistically significant relationship to survival: maximal tumor dimension, tumor location, and an appearance of honeycombing within the lesion. Those individuals with primary lesions centered in the pelvis, femur, or humerus had a worse survival rate than those with lesions centered elsewhere. Similarly, we observed an inverse relationship between the greatest dimension of the osseous portion of the lesion and survival. The radiographic finding of honeycombing also showed a statistical association with improved survival. However, this feature was observed infrequently, and its significance should be assessed further. Otherwise, no other feature that we analyzed showed any relationship to patient prognosis. (orig.).
The Fourier transform of cosmological density perturbations can be represented in terms of amplitudes and phases for each Fourier mode. We investigate the phase evolution of these modes using a mixture of analytical and numerical techniques. Using a toy model of one-dimensional perturbations evolving under the Zel'dovich approximation as an initial motivation, we develop a statistic that quantifies the information content of the distribution of phases. Using numerical simulations beginning with more realistic Gaussian random-phase initial conditions, we show that the information content of the phases grows from zero in the initial conditions, first slowly and then rapidly when structures become non-linear. This growth of phase information can be expressed in terms of an effective entropy: Gaussian initial conditions are a maximum entropy realisation of the initial power spectrum, gravitational evolution decreases the phase entropy. We show that our definition of ...
This paper describes a state-of-the-art online monitoring system using multivariate statistical technologies for continuous steel casting process, which was commissioned at Dofasco's No. 2 caster to provide consistent indication of process health for caster's start-up, continuous production and transitional operations. The paper particularly focuses on development of a novel scheme to synchronize process trajectories for monitoring specific transitional operations such as equipment or steel product grade changes. The proposed scheme is demonstrated by several industrial examples with the results showing good detectability of various process abnormalities. With the aid of this fully integrated, innovative monitoring system, Dofasco has generated significant value through improved productivi...
The Coal and Electric Data and Renewables Division; Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA), Department of Energy prepares the EPM. This publication provides monthly statistics at the State, Census division, and US levels for net generation, fossil fuel consumption and stocks, quantity and quality of fossil fuels, cost of fossil fuels, electricity sales, revenue, and average revenue per kilowatthour of electricity sold. Data on net generation, fuel consumption, fuel stocks, quantity and cost of fossil fuels are also displayed for the North American Electric Reliability Council (NERC) regions. The EIA publishes statistics in the EPM on net generation by energy source; consumption, stocks, quantity, quality, and cost of fossil fuels; and capability of new generating units by company and plant. 68 tabs.
The Coal and Electric Data and Renewables Division; Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA), Department of Energy prepares the EPM. This publication provides monthly statistics at the State, Census division, and U.S. levels for net generation, fossil fuel consumption and stocks, quantity and quality of fossil fuels, cost of fossil fuels, electricity sales, revenue, and average revenue per kilowatthour of electricity sold. Data on net generation, fuel consumption, fuel stocks, quantity and cost of fossil fuels are also displayed for the North American Electric Reliability Council (NERC) regions. The EIA publishes statistics in the EPM on net generation by energy source; consumption, stocks, quantity, quality, and cost of fossil fuels; and capability of new generating units by company and plant.
The Electric Power Monthly is prepared by the Survey Management Division; Office of Coal, Nuclear, Electric and Alternate Fuels, Energy Information Administration (EIA), Department of Energy. This publication provides monthly statistics at the national, Census division, and State levels for net generation, fuel consumption, fuel stocks, quantity and quality of fuel, cost of fuel, electricity sales, revenue, and average revenue per kilowatthour of electricity sold. Data on net generation, fuel consumption, fuel stocks, quantity and cost of fuel are also displayed for the North American Electric Reliability Council (NERC) regions. Additionally, statistics by company and plant are published in the EPM on capability of new plants, new generation, fuel consumption, fuel stocks, quantity and quality of fuel, and cost of fuel.
We suggest a procedure for estimating uncertainties in neutron cross sections calculated with a nuclear model descriptive of a specific mass region. It applies standard error propagation techniques, using a model-parameter covariance matrix. Generally, available codes do not generate covariance information in conjunction with their fitting algorithms. Therefore, we resort to estimating a relative covariance matrix a posteriori from a statistical examination of the scatter of elemental parameter values about the regional representation. We numerically demonstrate our method by considering an optical-statistical model analysis of a body of total and elastic scattering data for the light fission-fragment mass region. In this example, strong uncertainty correlations emerge and they conspire to reduce estimated errors to some 50% of those obtained from a naive uncorrelated summation in quadrature. 37 references.
In this paper, we present a very important primitive called Information Checking Protocol (ICP) which plays an important role in constructing statistical Verifiable Secret Sharing (VSS) and Weak Secret Sharing (WSS) protocols. Informally, ICP is a tool for authenticating messages in the presence of computationally unbounded corrupted parties. Here we extend the basic bare-bone definition of ICP, introduced by Rabin et al. and then present an ICP that attains the best communication complexity and round complexity among all the existing ICPs in the literature. We also show that our ICP satisfies several interesting properties such as linearity property which is an important requirement in many applications of ICP. Though not presented in this paper, we can design communication and round efficient statistical (i.e involves negligible error probability in computation) VSS and Multiparty Computation (MPC) protocol using our new ICP.
This paper applies White's (1982, Econometrica 50, 1-25) information matrix (IM) test for correct model specification to proportional hazards models of univariate and multivariate censored survival data. Several alternative estimators of the test statistic are presented and their size performance examined. White also suggested an estimator of the parameter covariance matrix that was robust to certain forms of model misspecification. This has been subsequently proposed by others (e.g., Royall, 1986, International Statistical Review 54, 221-226) and applied by Huster, Brookmeyer, and Self (1989, Biometrics 45, 145-156) as part of an independence working model (IWM) approach to multivariate censored survival data. We illustrate how the IM test can be used for both univariate data and as part of the IWM approach to multivariate data. PMID:8117901
In the parametric regression model, the covariate missing problem under missing at random is considered. It is often desirable to use flexible parametric or semiparametric models for the covariate distribution, which can reduce a potential misspecification problem. Recently, a completely nonparametric approach was developed by [H.Y. Chen, Nonparametric and semiparametric models for missing covariates in parameter regression, J. Amer. Statist. Assoc. 99 (2004), pp. 1176-1189; Z. Zhang and H.E. Rockette, On maximum likelihood estimation in parametric regression with missing covariates, J. Statist. Plann. Inference 47 (2005), pp. 206-223]. Although it does not require a model for the covariate distribution or the missing data mechanism, the proposed method assumes that the covariate distribut...