Mistry, Rashmita S.; Lowe, Edward D.; Benner, Aprile D.; Chien, Nina
The current study used a mixed-methods approach to examine how low-income mothers managed their household economies, their experiences of economic pressure, and the consequences for family and child functioning. Qualitative analyses (N = 32 families) revealed that experiences of economic pressure were associated with an inability to afford "both"…
Matyushenko Olga I.
Full Text Available The article identifies urgency of the enterprise life cycle theory in the system of managing financial and economic activity of an enterprise, identifies problems and insufficiently developed theoretical issues, namely, identification of the main indicator of the state of an organisation on the life cycle curve, which thoroughly characterises its financial and economic activity. It develops and offers a methodical approach to identification of the financial and economic state of an enterprise. The article analyses, generalises and identifies main sub-systems of an enterprise within the proposed methods. On the basis of analysis of works of scientists the article identifies main indicators that characterise each subsystem of an enterprise and identifies the entropy method, having analysed the existing methods of calculation of an integral indicator, as the most justified approach to calculation of the enterprise life cycle integral indicator.
Zhukov Andrii V.
Full Text Available The article offers developments of a methodical approach to diagnostics of efficiency of production economic activity of an enterprise, which, unlike the existing ones, is realised through the following stages: analysis of the enterprise external environment; analysis of the enterprise internal environment; identification of components of efficiency of production economic activity for carrying out complex diagnostics by the following directions: efficiency of subsystems of the enterprise production economic activity, efficiency of use of separate types of resources and socio-economic efficiency; scorecard formation; study of tendencies of change of indicators; identification of cause-effect dependencies between the main components of efficiency for diagnosing reasons of its level; diagnosing deviations of indicator values from their optimal values; development of a managerial decision on preserving and increasing efficiency of production economic activity of the enterprise.
Full Text Available One of the obvious trends in current business environment is the increased competition. In this context, organizations are becoming more and more aware of the importance of knowledge as a key factor in obtaining competitive advantage. A possible solution in knowledge management is Economic Intelligence (EI that involves the collection, evaluation, processing, analysis, and dissemination of economic data (about products, clients, competitors, etc. inside organizations. The availability of massive quantities of data correlated with advances in information and communication technology allowing for the filtering and processing of these data provide new tools for the production of economic intelligence.The research is focused on innovative aspects of economic intelligence process (models of analysis, activities, methods and informational tools and is providing practical guidelines for initiating this process. In this paper, we try: (a to contribute to a coherent view on economic intelligence process (approaches, stages, fields of application; b to describe the most important models of analysis related to this process; c to analyze the activities, methods and tools associated with each stage of an EI process.
In this study, two methods for solving economic dispatch problems, namely Hopfield neural network and lambda iteration method are compared. Three sample of power system with 3, 6 and 20 units have been considered. The time required for CPU, for solving economic dispatch of these two systems has been calculated. It has been Shown that for on-line economic dispatch, Hopfield neural network is more efficient and the time required for Convergence is considerably smaller compared to classical methods. (author)
Swinburn Boyd; Vos Theo; Magnus Anne; Markwick Alison; Moodie Marj; Carter Rob; Haby Michele M
Abstract Background The aim of the ACE-Obesity study was to determine the economic credentials of interventions which aim to prevent unhealthy weight gain in children and adolescents. We have reported elsewhere on the modelled effectiveness of 13 obesity prevention interventions in children. In this paper, we report on the cost results and associated methods together with the innovative approach to priority setting that underpins the ACE-Obesity study. Methods The Assessing Cost Effectiveness...
This paper is dedicated to the issue of innovative performance measurement. It focuses on techniques that can be employed for evaluation of single innovation project. The framework is based on detailed literature review and net present value (NPV) approach analysis. Furthermore, the paper investigates its pros and cons and discusses methods able to deal with NPV weaknesses. Used with care, these techniques can guide the management of innovation project by providing indications of its potentia...
Economics education is circumscribe a multiplicative feedback through expansion, diversification, intensive interaction between the economy and education, as being in an economic perspective on education, along with sociological, psychological, technological, religious, family, public, etc. pespective, in other words, an application of economic theories, paradigms and approaches to economic education act, act deeply human, spiritual nature. In practice perspective, the economy has education a...
Sorin Briciu; Marinela Vrîncianu; Florin Mihai
One of the obvious trends in current business environment is the increased competition. In this context, organizations are becoming more and more aware of the importance of knowledge as a key factor in obtaining competitive advantage. A possible solution in knowledge management is Economic Intelligence (EI) that involves the collection, evaluation, processing, analysis, and dissemination of economic data (about products, clients, competitors, etc.) inside organizations. The ...
Boot, Sander Paul
textabstractIn international water policy, a trend can be observed towards more attention for economic approaches in water management. In 1992, at the International Conference on Water and the Environment (ICWE) in Dublin, the Convention on the Protection and Use of Transboundary Water Courses and International Lakes was adopted. Guiding Principle 4 of this convention states that ‘water has an economic value in all its competing uses and should be recognised as an economic good’. The argument...
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 paper uses normal boundary intersection (NBI) approach for generating Pareto optimal set and then fuzzy decision making to select the best compromise solution. The developed algorithm is applied to an IEEE 30-bus test system. Numerical results demonstrate the potential and effectiveness of the proposed multiobjective approach to develop successful bidding strategies in those energy markets that minimize generation cost and emission of pollutants simultaneously.
Full Text Available Abstract Background The aim of the ACE-Obesity study was to determine the economic credentials of interventions which aim to prevent unhealthy weight gain in children and adolescents. We have reported elsewhere on the modelled effectiveness of 13 obesity prevention interventions in children. In this paper, we report on the cost results and associated methods together with the innovative approach to priority setting that underpins the ACE-Obesity study. Methods The Assessing Cost Effectiveness (ACE approach combines technical rigour with 'due process' to facilitate evidence-based policy analysis. Technical rigour was achieved through use of standardised evaluation methods, a research team that assembles best available evidence and extensive uncertainty analysis. Cost estimates were based on pathway analysis, with resource usage estimated for the interventions and their 'current practice' comparator, as well as associated cost offsets. Due process was achieved through involvement of stakeholders, consensus decisions informed by briefing papers and 2nd stage filter analysis that captures broader factors that influence policy judgements in addition to cost-effectiveness results. The 2nd stage filters agreed by stakeholders were 'equity', 'strength of the evidence', 'feasibility of implementation', 'acceptability to stakeholders', 'sustainability' and 'potential for side-effects'. Results The intervention costs varied considerably, both in absolute terms (from cost saving [6 interventions] to in excess of AUD50m per annum and when expressed as a 'cost per child' estimate (from Conclusion The use of consistent methods enables valid comparison of potential intervention costs and cost-offsets for each of the interventions. ACE-Obesity informs policy-makers about cost-effectiveness, health impact, affordability and 2nd stage filters for important options for preventing unhealthy weight gain in children. In related articles cost-effectiveness results and
S.P. Boot (Sander Paul)
textabstractIn international water policy, a trend can be observed towards more attention for economic approaches in water management. In 1992, at the International Conference on Water and the Environment (ICWE) in Dublin, the Convention on the Protection and Use of Transboundary Water Courses and I
Full Text Available In teaching statistics to economists, it often happens that insuffi cient distinction is drawn between statistical methods applied on economic data on the one hand, and economic statistics as a special discipline with its own theoretic basis, fundamental notions and a specific concept of indices on the other hand. The authors endeavour to point out pitfalls of this insuffi cient distinction and introduce didactic ways to resolve this problem.
Full Text Available The paper aims to assess how economic benchmarking is being used by airports as a means of performance measurement and comparison of major international airports in the world. The study focuses on current benchmarking practices and methods by taking into account different factors according to which it is efficient to benchmark airports performance. As methods are considered mainly data envelopment analysis and stochastic frontier analysis. Apart from them other approaches are discussed by airports to provide economic benchmarking. The main objective of this article is to evaluate the efficiency of the airports and answer some undetermined questions involving economic benchmarking of the airports.
Stephen D. Williamson; Wright, Randall
This essay articulates the principles and practices of New Monetarism, the authors' label for a recent body of work on money, banking, payments, and asset markets. They first discuss methodological issues distinguishing their approach from others: New Monetarism has something in common with Old Monetarism, but there are also important differences; it has little in common with Keynesianism. They describe the principles of these schools and contrast them with their approach. To show how it work...
The paper aims to assess how economic benchmarking is being used by airports as a means of performance measurement and comparison of major international airports in the world. The study focuses on current benchmarking practices and methods by taking into account different factors according to which it is efficient to benchmark airports performance. As methods are considered mainly data envelopment analysis and stochastic frontier analysis. Apart from them other approaches are discussed by air...
Optimization problems are ubiquitous in economics. Many of these problems are sufficiently complex that they cannot be solved analytically. Instead economists need to resort to numerical methods. This article presents the most commonly used methods for both unconstrained and constrained optimization problems in economics; it emphasizes the solid theoretical foundation of these methods, illustrating them with examples. The presentation includes a summary of the most popular software packages f...
Leus Daryna V.
Full Text Available The article analyses scientific and methodical approaches to portfolio investment. It develops recommendations on specification of the categorical apparatus of portfolio investment in the context of differentiation of strategic (direct and portfolio investments as alternative approaches to the conduct of investment activity. It identifies the composition and functions of objects and subjects of portfolio investment under conditions of globalisation of the world financial markets. It studies main postulates of the portfolio theory and justifies a necessity of identification of the place, role and functions of subjects of portfolio investment in them for ensuring sustainable development of the economy. It offers to specify, as one of the ways of further development of portfolio theories, a separate direction in the financial provision of economy with consideration of ecologic and social components – socio responsible investment.
Bergh, van den, H.
This provides a short overview of the main themes of ecological economics (EE). It isargued that EE provides a platform that fosters multidisciplinary environmental research bybringing together the core contributing disciplines economics and ecology. In addition, EE isregarded as a pluralistic approach to environmental research that can be set opposite to, and hasindeed developed as a response to, traditional environmental and resource economics. Acomparison of the two fields is presented to ...
Martins, Nuno O.
Copyright © 2011 Elsevier B.V. All rights reserved. The relationship between sustainability economics and the capability approach has recently been explored. Here I shall discuss this relationship, and argue that a study of the ontology underlying the capability approach can help us to see more clearly the interconnections between sustainability economics and the capability approach. In particular, the interpretations of the capability approach as an ontological exercise, which have recent...
Development economists are increasingly concerned about the correct approach to economic analysis of projects. By looking for a compromise between theory (which identifies ideals) and practice (which deals within the bounds of time and resource constraints), Lovei focuses on potential guidelines for economic appraisals of water supply projects. He summarizes theory and the current World Bank guidelines on the economic analysis of water supply projects; reviews the method of economic analysis ...
One of the most efficient approaches in teaching Economics is the Case Method. The Case Method combines two elements: the case itself and the discussion of that case. A teaching case is a rich narrative in which individuals or groups of individuals have to make a decision or solve a problem. A teaching case is not a case study of the type used in academic research, as it provides information, but neither analysis nor conclusions. During the classroom discussions, the students perf...
Full Text Available In the past, different methods for asset depreciation have been defined but most of these procedures deal with certain parameters and inputs. The availability of certain parameters in many real world situations is difficult and sometimes impossible. The primary objective of this paper is to obtain methods for calculating depreciation where some of the defined parameters are under uncertainty. Hence, by using the fuzzy science basics, extension principle and α-cut technique, we rewrite some classic methods for calculating depreciation in fuzzy form. Then, for comparing the methods of fuzzy depreciation under uncertain conditions by using the formula of calculating the Fuzzy Present worth (FPW, the Present worth of Tax saving (PWTS of any aforementioned methods has been obtained. Finally, since the amount of tax savings achieved for each of the methods is a fuzzy number, one of the fuzzy prioritization methods is used in order to select the best depreciation technique.
Falch, Morten; Tadayoni, Reza
While telecom markets have been liberalized, the institutional framework for spectrum management has largely remained unchanged. In particular, the process of allocation of the spectrum to different applications is still based on technical rather than economic criteria. This paper contrasts...... economic and technical approaches to frequency management, with an examination of spectrum management challenges and the current regulatory framework as the starting point. The benefits and limitations of the free market approach are discussed, and an economic evaluation of the Danish spectrum is used to...
Global environmental problems raise a host of major policy questions. They are all scientifically complex and controversial, and no scientific consensus is likely to emerge until irreversible decisions have been made. The costs and benefits of these changes transcend national boundaries, and nations, which cannot appropriate the global costs and benefits of such changes, are unlikely to be able or willing to make efficient decisions on how to combat these global externalities. In addition, these concerns sometimes have impacts over hundreds of years and thereby strain political decision making, which often functions effectively only when the crisis is at hand. This chapter considers some of the economic issues involved in deciding how to react to the threat of global warming. The author first reviews the theory and evidence on the greenhouse effect. He then presents evidence on the impacts of greenhouse warming, the costs of stabilizing climate, and the kinds of adaptations that might be available. In the final section, he reviews the policy initiatives that nations might follow in the near term
As a result of this research, the methodical approaches to comprehensive economic assessment of water resources are worked out. In particular, it is offered to conduct the comprehensive economic assessment in three stages. In the first stage, the economic assessment of water resources as the basis of human life is carried out. The result of this assessment is the monetary value of social and environmental significance of water resource of water body for human and the environment. The main met...
McHale, John; Rogers, Keith
There is growing international interest in a Canadian-style points system for selecting economic immigrants. Although existing points systems have been influenced by the human capital literature, the findings have traditionally been incorporated in an ad hoc way. This paper explores a formal method for designing a points system based on a human capital earnings regression for predicting immigrant economic success. The method is implemented for Canada using the IMDB, a remarkable longitudinal ...
This book examines the application of artificial intelligence methods to model economic data. It addresses causality and proposes new frameworks for dealing with this issue. It also applies evolutionary computing to model evolving economic environments.
The environmental economic cost-benefit analysis is discussed in this essay, including identification and screening qualification of impact factor, the calculation and impact of economic cost-benefit. This method is concise and feasible from a real case.%建设项目环境影响评价工作中的环境经济损益分析通常采用费用——效益法。本文对影响因子的类型及其量化方法、经济损益计算方法及经济损益评价方法进行了深入地探讨，实例分析说明这套方法操作简明，行之有效。
Full Text Available Article deals with category of time from economic point of view. Dependence of economic systems from economic time is analyzed. Based on analysis of economic time definition its features are improved.
The paper is directed at selecting an economic method for transporting tailings from existing locations to final disposal sites. The method of transportation chosen will depend on the quantity of tailings, the terrain and the distance to be transported. This paper outlines the methods for transporting tailings by truck, rail, conveyor, tram, and slurry pipeline and discusses the advantages and disadvantages of each method. Emphasis is placed on uranium tailings disposal. The paper provides economic data and recommendations that may be used for selection of a system for a particular situation. Finally, general conclusions are reached relating the characteristics of a system with economic alternatives for transporting the material
Environmental economics postulates the assumption of homo economicus and presumes that externality occurs as a result of the rational economic activities of economic agents. This paper examines this assumption using an experimental economic approach in the context of regime shift, which has been receiving increasing attention. We observe that when externality does not exist, economic agents (subjects of experimemt) act economically rationally, but when externality exists, economic agents avoi...
The main objective of this thesis is a comprehensive assessment of the practical usability and effectiveness of modern activating teaching methods in economic subjects in fulfilling the RVP economics and business and RVP Business Academy in comparison with traditional (standard) methods. To achieve this goal, a systematic clarification and evaluation of key elements of the choice of adequate methods of teaching, presentation and comparison of traditional, modern activating and comprehensive t...
Yan, T.; Shih, J.; Sanchirico, J. N.
Although groundwater accounts for about 20% of the water consumption in the US, recent urban development, land use changes and agricultural activities in many regions (for example, Chesapeake Bay and eastern shore of Maryland) have resulted in deleterious impacts on groundwater quality. These impacts have dramatically increased potential human health and ecological system risks. One example is nitrogen pollution delivered to local waterways from septic systems via groundwater. Conventional approaches for nitrogen removal, such as pumping and treatment (nitrification-denitrification) process, tend to be expensive. On the other hand, economic incentive approaches (such as marketable permits) have the potential to increase the efficiency of environmental policy by reducing compliance costs for regulated entities and individuals and/or achieving otherwise uneconomical pollution reduction. The success of the sulfur dioxide trading market has led to the creation of trading markets for other pollutants, especially at the regional, state, and smaller (e.g. watershed) scales. In this paper, we develop an integrated framework, which includes a groundwater flow and transport model, and a conceptual management model. We apply this framework to a synthetic set up which includes one farm and two development areas in order to investigate the potential of using economic incentive approaches for groundwater quality management. The policy analysis is carried out by setting up the objective of the modeling framework to minimize the total cost of achieving groundwater quality goals at specific observation point using either a transferable development right (TDR) system between development areas and/or using a tax for fertilizer usage in the farm area. The TDR system consists of a planning agency delineating a region into restricted-use (e.g., agriculture, open space) and high intensity zones (e.g., residential, commercial uses). The agency then endows landowners in the restricted area
Experimental Economics provide a new set of tools in the tool box of the education economist. This paper review why experimental method may be useful to study how pupils behaviour, formed from their preference and beliefs, may influence their success or failure at school, what are its advantages and what are its limits. Behavioural Economics - Education - Public Policy
Averch, Harvey A.
This article reviews the principal methods economists and cost benefit analysts use in evaluating research. Two common approaches are surplus measures (combinations of consumer and producer surpluses) and productivity measures. Technical difficulties and political and organizational constraints are discussed for these measures. (SLD)
Turgut, Mehmet Burak
This paper studies the spatial economic activity in Turkey and estimates the correlation between wages and consumer demand across NUTS1 regions of Turkey. First, I estimate simple market potential function to test whether closeness to larger markets has impact on wages. Second, I estimate Krugman (1993) economic geography model to see the agglomeration forces in Turkey. The results suggest that wages are higher in the regions close to larger markets and low trade costs and high share of expen...
Originally, behavioral law and economics was an exercise in exploring the implications of key findings from behavioral economics (and psychology) for the analysis and reform of legal institutions. Yet as the new discipline matures, it increasingly replaces foreign evidence by fresh evidence, directly targeted to the legal research question. This chapter surveys the key methods: field evidence, survey data, vignette and lab experiment, discusses their pros and cons, illustrates them with key p...
Desplaces, David E.; Wergeles, Fred; McGuigan, Patrick
This article outlines the implementation of a service-learning approach in an entrepreneurship programme using an "economic gardening" strategy. Economic Gardening through Service-Learning (EGS-L) is an approach to economic development that helps local businesses and students grow through a facilitated learning process. Learning is made possible…
WANG Xiao-yan; CAO Li-ping
This paper mainly discusses the feasibility to establish economic policy systems for control and management of agricultural nonpoint source pollution in China. The current situation of serious agricultural nonpoint source pollution in China is described firstly. Based on the environmental policy and economics theories, the system of economic policies for control and management of agricultural nonpoint source pollution is designed in this paper. This system includes the policy objective, the designing principle and the methods. The key issues include pollution charge,inputs tax for restriction, subsides for induction and incentive, effluent trading for least cost reduction. The emphases are optimized on inputs tax and agricultural chemical tax permit under complete information, as well as sub-optimized inputs tax under incomplete information, subsides for farm due to positive and negative externality. The functions and suitability of the policies are also analyzed in the paper. According to the field experiment results and other relating economic data in watershed of the Chaohe River, Beijing, some economic approaches to reducing agricultural nonpoint source pollution are proposed. The main idea is to encourage and support the farmers to improve their farming way,and to implement the policy of castigating charge simultaneously. The feasibility of the policies are analyzed with consideration of economy, technology and institution. It is concluded that the economic policies are necessary and feasible.
Full Text Available The author substantiated necessity of detailed classification of economic risks, formulated principles, which should be considered in a process ofdevelopment of classifications. The author described characteristics, which may be used for creation of a classification of economic risks. Classificationsdeveloped by modern scientists are proposed. The author offers to reduce characterization of a risk to such positions as uncertainty,danger, losses, and probability. Construction of a detailed classification of risks enable to most thoroughly attack the problem of appearance offactors that contribute a risk and to research risks as a whole. Thus, further researches in this branch continue to be actual and necessary, especiallyfor a practical activity. Basing on a classification, each type of a risk can be thoroughly analyzed, modeled, separated into elements. Theseprocesses enable to decrease uncertainty of a situation, making an appropriate decision. The classifications of risks considered in the article enableto determine a position of each type of risks in their general system and also effectively use particular techniques and methods of minimizationand management of risks.
Clive L Spash; Mauricio G. Villena
A neglected aspect of ecological economics is the link to the social context. The socio-economic perspective extends standard economic analysis into concerns for distribution, ethics and the power of institutions which form and implement policy. We explore how an institutional perspective on ecological economics might operate and provide a distinct methodology. In order to understand the institutional approach and how it differs from the standard economic methodology a historical overview...
Ciani Scarnicci, Manuela
Amartya Sen (1933-) is one of the greatest scholars who studied the relationship between ethics and economics and was held the Nobel Economics Prize thanks to this. At the awarding of the Nobel prize, while talking about his studies, the motive was: “...has been highly instrumental in restoring an ethical dimension to economics and related disciplines”. Precisely the theories of this binomial taken from the work of A. Sen “Economics and Ethics” are the basis of this work. Thanks to A. Se...
Bergh, van den, E.; Gowdy, J.
Recent advances in evolutionary theory have important implications for environmental economics. A short overview is offered of evolutionarythinking in economics. Subsequently, major concepts and approaches inevolutionary biology and evolutionary economics are presented andcompared. Attention is devoted, among others, to Darwinian selection,punctuated equilibrium, sorting mechanisms, Lamarckian evolution,coevolution and self-organization. Basic features of evolution, such assustained change, i...
Full Text Available Abstract Background The economic benefits of healthcare research require study so that appropriate resources can be allocated to this research, particularly in developing countries. As a first step, we performed a systematic review to identify the methods used to assess the economic impact of healthcare research, and the outcomes. Method An electronic search was conducted in relevant databases using a combination of specific keywords. In addition, 21 relevant Web sites were identified. Results The initial search yielded 8,416 articles. After studying titles, abstracts, and full texts, 18 articles were included in the analysis. Eleven other reports were found on Web sites. We found that the outcomes assessed as healthcare research payback included direct cost-savings, cost reductions in healthcare delivery systems, benefits from commercial advancement, and outcomes associated with improved health status. Two methods were used to study healthcare research payback: macro-economic studies, which examine the relationship between research studies and economic outcome at the aggregated level, and case studies, which examine specific research projects to assess economic impact. Conclusions Our study shows that different methods and outcomes can be used to assess the economic impacts of healthcare research. There is no unique methodological approach for the economic evaluation of such research. In our systematic search we found no research that had evaluated the economic return of research in low and middle income countries. We therefore recommend a consensus on practical guidelines at international level on the basis of more comprehensive methodologies (such as Canadian Academic of Health Science and payback frameworks in order to build capacity, arrange for necessary informative infrastructures and promote necessary skills for economic evaluation studies.
The way the economic reality is observed is essential in order to determine decision-making of economic subjects. The picture of economic reality drawn by accounting can be said to be either the true and fair, or biased. If the latter is the case, how much does that bias translate into the quality of economic decision-making? In summary, the paper analyzes whether accounting should provide the fair and true view whether it does, and how it affects the economic behavior when it does not on bot...
Posner, Richard A
With the rise of the law and economics movement, the focus of economic analysis of intellectual property has begun to shift to more concrete and manageable issues concerning the structure and texture of the complicated pattern of common law and statutory doctrines, legal institutions and business practices relating to intellectual property. Among the issues discussed in this paper are the length of protection for intellectual property, the rules that allow considerable copying of intellectual...
Full Text Available Nowadays, more than ever, economic relations between states are the ones that define the general character of the relations between them and establish economic security as a concept which cannot be neglected anymore. Globalization, the process that shapes the international environment, undermines the old definition of economic security and forces its redefinition. The article aims to identify and analyse the effects of globalization on economic security and the new approaches it takes in this context.
Nowadays, more than ever, economic relations between states are the ones that define the general character of the relations between them and establish economic security as a concept which cannot be neglected anymore. Globalization, the process that shapes the international environment, undermines the old definition of economic security and forces its redefinition. The article aims to identify and analyse the effects of globalization on economic security and the new approaches it takes in this...
Full Text Available This paper introduces an expanding research frontier in the landscape architecture discipline, landscape performance research, which embraces the scientific dimension of landscape architecture through evidence-based designs that are anchored in quantitative performance assessment. Specifically, this paper summarizes metrics and methods for determining landscape-derived economic benefits that have been utilized in the Landscape Performance Series (LPS initiated by the Landscape Architecture Foundation. This paper identifies 24 metrics and 32 associated methods for the assessment of economic benefits found in 82 published case studies. Common issues arising through research in quantifying economic benefits for the LPS are discussed and the various approaches taken by researchers are clarified. The paper also provides an analysis of three case studies from the LPS that are representative of common research methods used to quantify economic benefits. The paper suggests that high(er levels of sustainability in the built environment require the integration of economic benefits into landscape performance assessment portfolios in order to forecast project success and reduce uncertainties. Therefore, evidence-based design approaches increase the scientific rigor of landscape architecture education and research, and elevate the status of the profession.
Dziubinski, Matt P.; Grassi, Stefano
This paper shows the potential of heterogeneous computing in solving dynamic equilibrium models in economics. We illustrate the power and simplicity of the C++ Accelerated Massive Parallelism recently introduced by Microsoft. Starting from the same exercise as Aldrich et al. (2011) we document a...
Dziubinski, Matt P.; Grassi, Stefano
This paper shows the potential of heterogeneous computing in solving dynamic equilibrium models in economics. We illustrate the power and simplicity of the C++ Accelerated Massive Parallelism recently introduced by Microsoft. Starting from the same exercise as Aldrich et al. (2011) we document a speed gain together with a simplified programming style that naturally enables parallelization.
Nuno Carlos LEITÃO
Full Text Available The relationship between financial development and economic growth has been studied long time in economics (Adam Smith and Schumpeter. Structural reforms and the integration of financial markets have been attracting the interest of the academic community. This manuscript examines the link between financial development and economic growth. The European Union Countries (EU-27, and BRIC (Brazil, Russia, India and China were examined, between 1980 and 2006. Using a static and dynamic panel data approach, the results demonstrate that the financial development contribute to economic growth. Our study also consider productivity and trade, these proxies confirm the positive effect on economic growth.
Dynamic economic dispatch (DED) is one of the important optimization problems in power system operation. This paper proposes Maclaurin series based Lagrangian method (MSL) to solve the DED problem for generating units with valve-point effect, considering the ramp-rate limits and spinning reserve constraint. Using Maclaurin series, the sine term used to model the valve-point effect is expanded and solved with Lagrangian method. The feasibility of the proposed method is validated with five unit test system for 24 h. Minute-by-minute dispatch for a large system with 40-units is also carried out in this work. Test results obtained with the proposed approach are compared with other techniques in the literature. The results obtained substantiate the applicability of the proposed method for solving dynamic economic dispatch problems with non-smooth cost functions.
""Quantitative Methods for Management and Economics"" is specially prepared for the MBA students in India and all over the world. It starts from the basics, such that even a beginner with out much mathematical sophistication can grasp the ideas and then comes forward to more complex and professional problems. Thus, both the ordinary students as well as ""above average: i.e., ""bright and sincere"" students would be benefited equally through this book.Since, most of the problems are solved or hints are given, students can do well within the short duration of the semesters of their busy course.
Meisam Karami; Shaghayegh Malekifar; Muhammad Siddique; Saif-Ur-Rehman Khan
Organizational change in Transitional economies is influenced by multiple political, historical and economic factors not present in established market economies. This study proposes an organizational economics approach to organizational change in emerging economies. Based on transaction cost economics and resource based view, the cost of change is proposed as a mediator of change and perceived commitment to transition is proposed as antecedents of cost of change for organizations in emerging ...
Full Text Available In article features of an economic approach are considered when developing the anti-corruption measures directed on restriction of possibilities of any discretion and excessive intervention of civil servants in economic activity, including through differentiation of functions and specification of competences. The special urgency of researches of a problem of corruption as special social phenomenon is noted.
Since the 1960s, the influence of economic thought on education has been steadily increasing. Taking Jean-Jacques Rousseau's educational thought as a point of departure, Tal Gilead critically inquires into the philosophical foundations of what can be termed the economic approach to education. Gilead's focus in this essay is on happiness and the…
Full Text Available Collapsed gully erosion constantly plagues the sustainability of rural areas in China. To control collapsed gully erosion, an ecological and economic approach, which uses tree plantation to gain economic benefits and control soil erosion, has been widely applied by local governments in Southern China. However, little is known about the economic feasibility of this new method. The objective of this study was to determine the effectiveness and economic benefits of the new method. Based on a case study in Changting County, Southeast China, two farms were selected to represent a timber tree plantation and a fruit tree plantation, respectively. The Annual Capital Capitalization Method and Return on Investment (ROI were selected to conduct cost-benefit analysis. In contrast to previous studies, we found that the new approach was far from economic. The value of the newly-built forestland in Sanzhou Village and Tufang Village is 2738 RMB ha−1 and 5477 RMB ha−1, respectively, which are extremely lower than the costs of ecological restoration. Meanwhile, the annual ROI is −3.60% and −8.90%, respectively, which is negative and also far poorer than the average value of forestry in China. The costs of conservation were substantially over the related economic benefits, and the investors would suffer from greater loss if they invested more in the conservation. Low-cost terraces with timber trees had less economic loss compared with the costly terraces with fruit tree plantation. Moreover, the cost efficiency of the new approaches in soil conservation was also greatly poorer than the conventional method. The costs of conserving one ton soil per year for conventional method, new method for planting timber trees, and planting fruit trees were 164 RMB, 696 RMB, and 11,664 RMB, respectively. Therefore, the new collapsed gully erosion control methods are uneconomic and unsuitable to be widely carried out in China in the near future.
Ion Gh. Rosca
Full Text Available Human society steps, with or without its willing, towards knowledge era which rises new exigencies for education and research. Universities are influenced and, in the same time, influence the new society. They define new duties, visions and aims according to the European common space organizing. New arguments appear as national priority, changes within concepts approaches are produced, universities adapt to new structures, integrate within education’s global market, ensuring a high level ofthe research and training services.
Ion Gh. Rosca
Full Text Available Human society steps, with or without its willing, towards knowledge era which rises new exigencies for education and research. Universities are influenced and, in the same time, influence the new society. They define new duties, visions and aims according to the European common space organizing. New arguments appear as national priority, changes within concepts approaches are produced, universities adapt to new structures, integrate within education’s global market, ensuring a high level of the research and training services.
Full Text Available The main aim of this paper is to attempt a theoretical delineation of a new econoscience now known as financial econometrics, which is as a result of a dual approach, one originally from economics to econometrics, followed by another one, articulate, from financial economics to financial econometrics, both purely theoretical, simultaneously stressing the importance of economic and financial modelling, historically detailing the emergence and development of this new econoscience, outlining its subject and objectives, and describing some of the most commonly used methods and models, while noting the presence of increasingly sharp competition of econophysics, sociophysics and economy quantum, in the universe of modelling the processes and phenomena in classical economics and financial economics.
Wang, Bin; Liu, Juanjuan; Wang, Shudong; Cheng, Wei; Juan, Liu; Liu, Chengsi; Xiao, Qingnong; Kuo, Ying-Hwa
Four-dimensional variational data assimilation (4DVar) is one of the most promising methods to provide optimal analysis for numerical weather prediction (NWP). Five national NWP centers in the world have successfully applied 4DVar methods in their global NWPs, thanks to the increment method and adjoint technique. However, the application of 4DVar is still limited by the computer resources available at many NWP centers and research institutes. It is essential, therefore, to further reduce the computational cost of 4DVar. Here, an economical approach to implement 4DVar is proposed, using the technique of dimensionreduced projection (DRP), which is called "DRP-4DVar." The proposed approach is based on dimension reduction using an ensemble of historical samples to define a subspace. It directly obtains an optimal solution in the reduced space by fitting observations with historical time series generated by the model to form consistent forecast states, and therefore does not require implementation of the adjoint of tangent linear approximation. To evaluate the performance of the DRP-4DVar on assimilating different types of mesoscale observations, some observing system simulation experiments are conducted using MM5 and a comparison is made between adjoint-based 4DVar and DRP-4DVar using a 6-hour assimilation window.
Full Text Available In this paper we discuss about effective method of research and education of Islamic economics through inter-disciplinary procedure. Nowadays this procedure in advance methodology of education in economics has been concentrated as “Focused Interest Group” (FIG. Although the purpose of positivist economists about FIG is related to profit-oriented of inter-disciplinary procedure, but in Islamic economics, this attitude has sustainable economic development, whereby secure and cover positive as well as normative approach of educational materials to help certain efficiency of knowledge. This procedure of education had been focused in Islamic literature, and also in holy Qur’an (12/108 & 39/17-18 before attention of western countries. Therefore, in this research, significant view of scholars, lecturers and researchers of Islamic economics, acquired through questioners, and the results of research has been analyzed. Achieving prerequisite and diversity connections of Islamic economics’ and its indispensable educational materials, help us to modeling an inter-disciplinary framework that it may mutate other human sciences structure.
Full Text Available The resolution of the environmental/economic dispatch (EED problem using the different methods which are proposed in literature consumes an important computing time. Thus, the present paper deals with a technique based on two steps to solve the EED problem of electric energy power in real-time for forecast load curve. The first step uses the NSGAII approach (Non-dominated Sorting Genetic Algorithm to solve the multi-objective problem MOP for different levels of load by treating the two cases, problem without line constraints and with line constraints. To verify effectiveness of this approach, NSGAII is compared with other algorithms which are used in the literature. Such as, weighted sum method (WSM, NPGA (Niched Pareto Genetic Algorithm, NSGA and SPEA (Strength Pareto Evolutionary Algorithm. To exploit the results in real time for forecast load curve, second step uses a radial basis function neural network (RBFN with 3 layers, input layer formed by the level of global load, hidden layer and output layer formed by the generations of the various machines. The validity and effectiveness of this technique are verified by an example of a load curve of a didactic electric network IEEE 30-bus system with 6-generating units.
This book takes the non-economist by the hand in a step-by-step economic approach of environmental issues and how to handle them. Two chapters provide an introduction to the concepts of the economy, chapter six in decision theory. In the first chapter, the economist discovers a broader vision by testing the economic approach to insights from other disciplines. Chapter 4 explains how economic reasoning can contribute tot environmental protection in practice. The consideration of the costs and benefits of environmental protection indicates objectives that must be pursued for the community. The conflict between private and public interest forces policy makers to get and maintain the numerous polluters focused on environmental protection. Suitable instruments are discussed in chapter five, including criteria for choice and an in-depth study of the economic instruments levies and tradable emission permits. The EU Emission trading Scheme is used as reference. [mk
Atkinson, Robert D.; Hackler, Darrene
In climate change, as in all policy issues, economic philosophy has a significant influence on how people view both the problems and the solutions. For the first time, ITIF surveys four dominant schools of economic thought and analyzes how adherents approach policy options for climate change and energy policy. With climate change and major energy legislation stalled, maybe it is time to put aside fixed philosophical notions and take a practical look on ways to address climate change in an eco...
This book presents a unified treatment of optimization theory, game theory and a general equilibrium theory in economics in the framework of nonlinear functional analysis. It not only provides powerful and versatile tools for solving specific problems in economics and the social sciences but also serves as a unifying theme in the mathematical theory of these subjects as well as in pure mathematics itself.
Power Economic Dispatch (ED) is vital and essential daily optimization procedure in the system operation. Present day large power generating units with multi-valves steam turbines exhibit a large variation in the input-output characteristic functions, thus non-convexity appears in the characteristic curves. Various mathematical and optimization techniques have been developed, applied to solve economic dispatch (ED) problem. Most of these are calculus-based optimization algorithms that are based on successive linearization and use the first and second order differentiations of objective function and its constraint equations as the search direction. They usually require heat input, power output characteristics of generators to be of monotonically increasing nature or of piecewise linearity. These simplifying assumptions result in an inaccurate dispatch. Genetic algorithms have used to solve the economic dispatch problem independently and in conjunction with other AI tools and mathematical programming approaches. Genetic algorithms have inherent ability to reach the global minimum region of search space in a short time, but then take longer time to converge the solution. GA based hybrid approaches get around this problem and produce encouraging results. This paper presents brief survey on hybrid approaches for economic dispatch, an architecture of extensible computational framework as common environment for conventional, genetic algorithm and hybrid approaches based solution for power economic dispatch, the implementation of three algorithms in the developed framework. The framework tested on standard test systems for its performance evaluation. (authors)
This paper discusses the need for changing priorities in plant life management. Following a brief review of the major world-wide trends which are affecting plant life management, the fundamental nature of the plant life management process itself is considered. It is suggested that a consistent approach to the management of economic and safety risk can provide a mechanism for continuous improvement of the process. One such approach, Techno-Economic Ageing and Maintenance Management - TEAMM, is described. The tool required for this process are discussed and examples given of its application to ageing plant and evaluation of life extension. 2 figs
An Integrated Approach to Economical, Reliable, Safe Nuclear Power Production is the latest evolution of a concept which originated with the Defense-in-Depth philosophy of the nuclear industry. As Defense-in-Depth provided a framework for viewing physical barriers and equipment redundancy, the Integrated Approach gives a framework for viewing nuclear power production in terms of functions and institutions. In the Integrated Approach, four plant Goals are defined (Normal Operation, Core and Plant Protection, Containment Integrity and Emergency Preparedness) with the attendant Functional and Institutional Classifications that support them. The Integrated Approach provides a systematic perspective that combines the economic objective of reliable power production with the safety objective of consistent, controlled plant operation
Full Text Available As a social science, economics cannot be reduced to simply an a priori science or an ideology. In addition economics cannot be solely an empirical or a historical science. Economics is a research field which studies only one dimension of human behavior, with the four fields of mathematics, econometrics, ethics and history intersecting one another. The purpose of this paper is to discuss the two parts of the proposition above, in connection with the controversies surrounding the method and the scope of economics: economics as an applied mathematics and economics as a predictive/empirical science.
Fernández, Francisco J.; Blanco, Maria
The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to future climate change scenarios. The evolution of the bio-economic approach has gone through different stages. This review analyses its evolution: firstly, framing the bio-economic approach into the co...
The article formed the complex process of economic assessment of forest resources and given it's definition. A new approach to determining costs for locking the main types of forest. Allocated forestry (in Keywords: forest) and forest harvesting (in forest exploitation) rents.
Sequeira, Tiago Neves; Campos, Carla
On average, tourism-specialized countries grow more than others. This fact is inconsistent with economic theory as, in particular, endogenous growth theory suggests that economic growth is linked with: (1) sectors with high intensity in R&D and thus high productivity; (2) large scale. In this paper, we use panel data methods to go further in treating the endogeneity problem. In general and contrary to previous works, we conclude that tourism, on its own, cannot explain the higher growth rates...
The Economic Valuation of Patents provides an original and essential analysis of patent valuation, presenting the main methodologies to value patents in different contexts. Starting with an analysis of the relevance of patent valuation from a strategic, economic and legal perspective, the book undertakes a thorough review of the existing financial and qualitative valuation methodologies. The contributing authors, IP experts from academia and business, discuss the application of valuation issues in various contexts such as patent portfolio management, licensing agreements, IP litigation, IP-bac
In this paper we discuss about effective method of research and education of Islamic economics through inter-disciplinary procedure. Nowadays this procedure in advance methodology of education in economics has been concentrated as “Focused Interest Group” (FIG). Although the purpose of positivist economists about FIG is related to profit-oriented of inter-disciplinary procedure, but in Islamic economics, this attitude has sustainable economic development, whereby secure and cover positive ...
Full Text Available This paper addresses a special zone design problem for economic census investigators that is motivated by a real-world application. This paper presented a heuristic multikernel growth approach via Constrained Delaunay Triangulation (CDT. This approach not only solved the barriers problem but also dealt with the polygon data in zoning procedure. In addition, it uses a new heuristic method to speed up the zoning process greatly on the premise of the required quality of zoning. At last, two special instances for economic census were performed, highlighting the performance of this approach.
Lagerkvist, A.; Ecke, H.; Christensen, Thomas Højlund
is often narrowly defined to meet specific needs for information. This may however limit the general usefulness of the information gained, for example, if the specific purpose limited the characterization to a subset of variables. In general, data available in the solid waste area are limited and often...... with limited representation. This chapter describes common approaches and methods in waste characterization including common terms, sampling, characterization methods and data evaluation. The focus is on the characterization of waste as it is generated or collected, while specific issues on characterization...
Economic valuation of environmental attributes are pragmatic approach to evaluating the impacts and it helps decision makers to arrive at objective decisions on the basis of cost benefit ratio. For determining the physical impact and its quantification, four evaluation methods, namely-market price method, surrogate market price, survey based and cost based approaches are generally used. The present paper reviews the importance of environmental evaluation of impacts of mining and also reviews a few suitable methodologies that could be effectively used for economic evaluation of environmental impacts in open cast mining projects. (author)
Full Text Available In the past, philosophy of education and curriculum designing focused on specialization and single disciplinarity approach .But since the turn of the 20th century, by a vast literature of realizing real and new educational needs and competencies beyond a single discipline, and criticizing the limits of that narrow approach to the reality, defining integrated curriculum or non-disciplinarity approaches has been a topic of discussion .Over the last decades, theorists offered six basic categories for non-disciplinary works :Parallel Disciplinary Approach, Interdisciplinary Approach, Multi-Disciplinary Approach, Cross-Disciplinary Approach, Plural-Disciplinary Approach and Supra/Trans-Disciplinary Approach. Through these approaches, integration seemed to be a matter of degree and method from fundamentally different starting points. Economics also is essentially an integrated discipline from different social sciences, mathematics, economic subjects, knowledge and ideas, and even methodology of natural sciences, and inevitably, its curriculum, educational programs and courses can not be designed unless benefited from these literature and approaches in the curriculum designing subject area. The present article briefly defines the non-disciplinarity approaches and shows their implications, applications and theoretical capacity in designing different possible curriculum and graduate educational courses in Economics.
Dewachter, Hans; Lyrio, M.
We adapt Brandt's (1999) nonparametric approach to determine the optimal portfolio choice of a risk averse foreign exchange investor who uses moving average trading signals as the information instrument for investment opportunities. Additionally, we assess the economic value of the estimated optimal trading rules based on the investor's preferences. The approach consists of a conditional generalized method of moments (GMM) applied to the conditional Euler optimality conditions. The method pre...
Hans Dewachter; Marco Lyrio
We adapt Brandt's (1999) nonparametric approach to determine the optimal portfolio choice of a risk averse foreign exchange investor who uses moving average trading signals as the information instrument for investment opportunities. Additionally, we assess the economic value of the estimated optimal trading rules based on the investor's preferences. The approach consists of a conditional generalized method of moments (GMM) applied to the conditional Euler optimality conditions. The method pre...
Recently previous works have shown that multilateral nuclear fuel cycle approach has benefits not only of non-proliferation but also of cost effectiveness. This is because for most facilities in nuclear fuel cycle, there exist economies of scale, which has a significant impact on the costs of nuclear fuel cycle. Therefore, the evaluation of economic rationality is required as one of the evaluation factors for the multilateral nuclear fuel cycle approach. In this study, we consider some options with respect to multilateral approaches to nuclear fuel cycle in Asian-Pacific region countries that are proposed by the University of Tokyo. In particular, the following factors are embedded into each type: A) no involvement of assurance of services, B) provision of assurance of services including construction of new facility, without transfer of ownership, and C) provision of assurance of service including construction of new joint facilities with ownership transfer of facilities to multilateral nuclear fuel cycle approach. We show the overnight costs taking into account install and operation of nuclear fuel cycle facilities for each option. The economic parameter values such as uranium price, scale factor, and market output expansion influences the total cost for each option. Thus, we show how these parameter values and economic risks affect the total overnight costs for each option. Additionally, the international facilities could increase the risk of transportation for nuclear material compared to national facilities. We discuss the potential effects of this transportation risk on the costs for each option. (author)
The paper proposes to ground the taxonomy of economic systems on the identification of strongly performative institutions as distinctive features. I analyse performativity on the basis of the Aoki model of institutions, enriched by current approaches to performativity, which I combine with Searle's notion of a status function. Performativity is conceived as resulting from the conjunction of public representations (sign systems) and behavioral dispositions which channel strategic interactions ...
George E. HALKOS
Full Text Available Abstract. This paper presents, in brief, the fundamentals of optimal control theory together with some notes for differential games, which is the game theoretic analogue of the optimal control. As it is recommended by literature references the main tool of analysis in open loop information structure for environmental models is the Pontryagin’s Maximum Principle, while the Hamilton–Jacobi–Bellman equation is the tool of analysis for any closed loop informational structure. As applications of the above theoretic considerations we present some environmental economic models which are solved both as optimal control problems and as differential games as well.Keywords. Optimal control; Differential games; Renewable resources; Environnemental and Resource Economies.JEL. C61; C62; D43; Q0; Q2; Q20; Q50; Q52; Q53.
Luis M. Abadie
Full Text Available This paper deals with the economics of gasification facilities in general and IGCC power plants in particular. Regarding the prospects of these systems, passing the technological test is one thing, passing the economic test can be quite another. In this respect, traditional valuations assume constant input and/or output prices. Since this is hardly realistic, we allow for uncertainty in prices. We naturally look at the markets where many of the products involved are regularly traded. Futures markets on commodities are particularly useful for valuing uncertain future cash flows. Thus, revenues and variable costs can be assessed by means of sound financial concepts and actual market data. On the other hand, these complex systems provide a number of flexibility options (e.g., to choose among several inputs, outputs, modes of operation, etc.. Typically, flexibility contributes significantly to the overall value of real assets. Indeed, maximization of the asset value requires the optimal exercise of any flexibility option available. Yet the economic value of flexibility is elusive, the more so under (price uncertainty. And the right choice of input fuels and/or output products is a main concern for the facility managers. As a particular application, we deal with the valuation of input flexibility. We follow the Real Options approach. In addition to economic variables, we also address technical and environmental issues such as energy efficiency, utility performance characteristics and missions (note that carbon constraints are looming. Lastly, a brief introduction to some stochastic processes suitable for valuation purposes is provided.
This article argues that the relatively new field of personnel economics (PE) holds strong potential as a tool for studying public sector workforces. This subfield of labor economics is based on a strong foundation of microeconomics, which provides a robust theoretical foundation for studying workforce and organizational design issues. PE has evolved on this foundation to a strong practical emphasis, with theoretical insights designed for practical use and with strong focus on empirical research. The field is also characterized by creative data entrepreneurship. The types of datasets that personnel economists use are described. If similar datasets can be obtained for public sector workforces, PE should be a very useful approach for studying them. PMID:19829236
Prasanna, P.H.S.N.; L H P Gunaratne; Withana, W.D.R.S.
Post-harvest losses of paddy in Sri Lanka are as high as 15 percent of total production. Of this, about 24 percent of losses occur during the threshing and cleaning stage with tractor treading being the most common paddy threshing method. In order to overcome these deficiencies, recently small and combined threshers have been introduced. This study attempted to determine the efficiency of different paddy threshing methods, and to estimate the profitability of small and combined thresher owner...
Timchuk Boris S.
The article deals with the essence of economic policy as a science, analyzes the two-century transformation of the economic policy, offers a versatile approach to determination of the economic policy in the New economy.
Full Text Available In the article, the need of transition to the rational subsoil use (the alternative mining approach is proved, which unlike general one supposes the increasing of extraction rate of valuable components in the deposit and multiple use of raw materials, the maximizing recycling, the decreasing of land occupation, the increasing of the development period of deposit at some income decrease up to the moderate level, which is enough to provide the attraction for investors. The multicriteriality is considered as the crucial principle of rational subsoil use at taking management decisions, i.e. the considering of ecological, economic and social targets, aimed at receiving moderate profit at proper social and environmental standards. The graphic representation of models of the general mining approach and the alternative one allows to emphasize the specified advantages of transition to rational subsoil resources development and reflect them in design equation. In the paper, three performance strategies providing the implementation of the alternative approach are offered: full-field development, application ecologically and economically effective systems and the development processes, consideration of reclamation and minimization of long term environmental effects of mining
The Environmental Protection Agency (EPA) has evaluated the costs and benefits of alternative disposal technologies as part of its program to develop generally applicable environmental standards for the land disposal of low-level radioactive waste (LLW). Costs, population health effects and Critical Population Group (CPG) exposures resulting from alternative waste treatment and disposal methods were developed and input into the analysis. The cost-effectiveness analysis took into account a number of waste streams, hydrogeologic and climatic region settings, and waste treatment and disposal methods. Total costs of each level of a standard included costs for packaging, processing, transportation, and burial of waste. Benefits are defined in terms of reductions in the general population health risk (expected fatal cancers and genetic effects) evaluated over 10,000 years. A cost-effectiveness ratio, was calculated for each alternative standard. This paper describes the alternatives considered and preliminary results of the cost-effectiveness analysis
The Environmental Protection Agency (EPA) has evaluated the costs and benefits of alternative disposal technologies as part of its program to develop generally applicable environmental standards for the land disposal of low-level radioactive waste (LLW). Costs, population health effects and Critical Population Group (CPG) exposures resulting from alternative waste treatment and disposal methods were evaluated both in absolute terms and also relative to a base case (current practice). Incremental costs of the standard included costs for packaging, processing, transportation, and burial of waste. Benefits are defined in terms of reductions in the general population health risk (expected fatal cancers and genetic effects) evaluated over 10,000 years. A cost-effectiveness ratio, defined as the incremental cost per avoided health effect, was calculated for each alternative standard. The cost-effectiveness analysis took into account a number of waste streams, hydrogeologic and climatic region settings, and waste treatment and disposal methods. This paper describes the alternatives considered and preliminary results of the cost-effectiveness analysis. 15 references, 7 figures, 3 tables
Dalmas, Laurent; Geronimi, Vincent; Noël, Jean-François; Tsang King Sang, Jessy
Publications associées : - Michel VERNIERES (coord.), Valéry PATIN, Christine MENGIN, Vincent GERONIMI, Laurent DALMAS, Jean-François NOEL, Jessy TSANG KING SANG, Méthodologies d'évaluation économique du patrimoine urbain : une approche par la soutenabilité, Paris, AFD, coll. A savoir 13, mai 2012, 213 p. (ISSN : 2105-553 X) - Michel VERNIERES (coord.), Valéry PATIN, Christine MENGIN, Vincent GERONIMI, Laurent DALMAS, Jean-François NOEL, Jessy TSANG KING SANG, Methods for the Economic Valuati...
This paper deals with the economics of gasification facilities in general and Integrated Gasification Combined Cycle (IGCC) power plants in particular. Regarding the prospects of these systems, passing the technological test is one thing, passing the economic test can be quite another. In this respect, traditional valuations assume constant input and/or output prices. Since this is hardly realistic, we allow for uncertainty in prices. We naturally look at the markets where many of the products involved are regularly traded. Futures markets on commodities are particularly useful for valuing uncertain future cash flows. Thus, revenues and variable costs can be assessed by means of sound financial concepts and actual market data. On the other hand, these complex systems provide a number of flexibility options (e.g., to choose among several inputs, outputs, modes of operation, etc.). Typically, flexibility contributes significantly to the overall value of real assets. Indeed, maximization of the asset value requires the optimal exercise of any flexibility option available. Yet the economic value of flexibility is elusive, the more so under (price) uncertainty. And the right choice of input fuels and/or output products is a main concern for the facility managers. As a particular application, we deal with the valuation of input flexibility. We follow the Real Options approach. In addition to economic variables, we also address technical and environmental issues such as energy efficiency, utility performance characteristics and emissions (note that carbon constraints are looming). Lastly, a brief introduction to some stochastic processes suitable for valuation purposes is provided. (author)
Levina R. S.
This article emphasizes the need to develop methodologies through applying valid economic knowledge within research approaches used in writing final and PhD theses in order to apply this knowledge in the development of entrepreneurship in the context of model approaches. The proposed methodological approach in the field of economic education contributes to the training of highly qualified specialists in economics.
Élodie Brahic and Jean-Philippe Terreaux
Full Text Available For optimum and effective forest management, determining the economic value of the elements making up biodiversity is necessary but difficult. Methods to facilitate the task do exist.We present here the outline of the book written by Brahic and Terreaux (2009 addressing economic valuation of forest biodiversity, useful if not essential to the efficient management of forests, but which can lead to various methodological problems. The objective is to help public and private forest managers in choosing the economic valuation method best suited to the aspect of biodiversity addressed, to put difficulties into perspective and possibly find solutions for them.
Full Text Available Modern society is characterised not only by a fascination with scientific technology as a means of solving all problems, especially those that stand in the way of material progress (technicism, but also by an obsessive interest in everything that has to do with money (economism or mammonism. The article discusses the relationship between technicism and economism, on the basis of their relationship to utilitarian thinking: the quest for the greatest happiness for the greatest number of people. Recent major studies of neo-liberalism (seen as an intensification of utilitarianism by Laval and Dardot are used as reference to the development of utilitarianism. It is suggested that the western view of the world, as expressed in economism and technicism, with a utilitarian ethics, features three absolutisations: those of theoretical thinking, technology and economics. In a second part, the article draws on the framework of reformational philosophy to suggest an approach that, in principle, is not marred by such absolutisations.
Dmytro Stechenko; Olga Omelchenko
The approach to the restructuring of engineering enterprises on the basis of economic and mathematical models complex and scenarios for its implementation are given in the article. The structure and features of the formation of organizational restructuring and economic provision are described. The components of economic and mathematical methods of restructuring are considered: a general model of restructuring, that determines the design of its planning, development and implementation; the ove...
Orlov A. I.
For strategic and operational management tasks in the aerospace industry we use a variety of organizational-economic models and methods. Their set is called an organizational-economic support. In this article we discuss the approaches to the development of adequate organizational-economic support in the aerospace industry. In particular, we consider the problems of estimation of the effectiveness and management of innovation-investment projects to create aviation and space technology
Orlov A. I.
Full Text Available For strategic and operational management tasks in the aerospace industry we use a variety of organizational-economic models and methods. Their set is called an organizational-economic support. In this article we discuss the approaches to the development of adequate organizational-economic support in the aerospace industry. In particular, we consider the problems of estimation of the effectiveness and management of innovation-investment projects to create aviation and space technology
Highlights: • Exploitation of medium to low temperature geothermal sources: ORC power plants. • Integrated energetic and economic approach for the analysis of geothermal power plants. • A brief overview of the cost items of geothermal power plants. • Analysis of specific cost of geothermal power plants based on the method proposed. • Analysis of sustainability of geothermal energy systems based on resource durability. - Abstract: The perspectives of future development of geothermal power plants, mainly of small size for the exploitation of medium–low temperature reservoirs, are discussed and analyzed in the present paper. Even if there is a general interest in new power plants and investments in this sector are recognized, the new installations are reduced; the apparent advantage of null cost of the energy source is negatively balanced by the high drilling and installation costs. A key element for the design of a geothermal plant for medium temperature geothermal source is the definition of the power of the plant (size): this is important in order to define not only the economic plan but also the durability of the reservoir. Considering that it is not possible that the development of geothermal industry could be driven only by an economic perspective, the authors propose a method for joining energetic and economic approaches. The result of the combined energetic and economic analysis is interesting particularly in case of Organic Rankine Cycle (ORC) power plants in order to define a suitable and optimal size and to maximize the resource durability. The method is illustrated with reference to some particular case studies, showing that the sustainability of small size geothermal plants will be approached only if the research for more economic solutions will be combined with efforts in direction of efficiency increase
Abel, Kathleen A.
Abstract: The complexity of environmental, social, economical, and technological objectives creates a challenge for decision makers when prioritizing the right measures that will move a project or organization toward sustainability at least cost. Currently there are methods or tools available to assist in this decision making and through a strategic approach potentially enhance the process. The focus of this thesis is to evaluate how the quantitative nature of economic detail as a tool which ...
Full Text Available The paper studies the categorical-conceptual apparatus of risk and its refinement based on a critical analysis of existing systematic scientific approaches. Determined that in the refinement of the economic nature of the risk of a number of controversial issues: the definition of the objective or subjective nature of risk; matching of concepts such as «risk», «danger», «loss», «probability of loss»; definition of negative or positive consequences of risk; identification of risk with its consequences, or source of origin, which makes the relevance of research topics. As a result of scientific research has been refined interpretation of risk as an economic category, the characteristics of the company associated with the probability of unforeseen situations that may lead to negative and positive impacts, assessment of which requires the development of alternatives for management decisions. Clarification of the definition focuses on the possibility (probability of a favorable (unfavorable events which require certain corrective action management unit of the enterprise. The author emphasizes the mandatory features of the category of «risk», in particular: the concept of risk is always associated with the uncertainty of the future; event occurring has implications for the enterprise (both negative and positive; consequences for necessitates the development of a number of alternative solutions to the possible elimination of the negative consequences of risky events; risk – a mandatory attribute of modern management (its value is enhanced in terms of market conditions; subject to risk assessment and management by the company. Dedicated and updated features contribute to the clarification of the nature of the economic risk and categorical conceptual apparatus of risk management.
This viewgraph presentation reviews various methods of decision making and the impact that they have on space economics and systems engineering. Some of the methods discussed are: Present Value and Internal Rate of Return (IRR); Cost-Benefit Analysis; Real Options; Cost-Effectiveness Analysis; Cost-Utility Analysis; Multi-Attribute Utility Theory (MAUT); and Analytic Hierarchy Process (AHP).
David S Cobden
Full Text Available David S Cobden1, Louis W Niessen2, Frans FH Rutten1, W Ken Redekop11Department of Health Policy and Management, Section of Health Economics – Medical Technology Assessment (HE-MTA, Erasmus MC, Erasmus University Rotterdam, The Netherlands; 2Department of International Health, Johns Hopkins University School of Public Health, Johns Hopkins Medical Institutions, Baltimore, MD, USAAims: While strong correlations exist between medication adherence and health economic outcomes in type 2 diabetes, current economic analyses do not adequately consider them. We propose a new approach to incorporate adherence in cost-effectiveness analysis.Methods: We describe a theoretical approach to incorporating the effect of adherence when estimating the long-term costs and effectiveness of an antidiabetic medication. This approach was applied in a Markov model which includes common diabetic health states. We compared two treatments using hypothetical patient cohorts: injectable insulin (IDM and oral (OAD medications. Two analyses were performed, one which ignored adherence (analysis 1 and one which incorporated it (analysis 2. Results from the two analyses were then compared to explore the extent to which adherence may impact incremental cost-effectiveness ratios.Results: In both analyses, IDM was more costly and more effective than OAD. When adherence was ignored, IDM generated an incremental cost-effectiveness of $12,097 per quality-adjusted life-year (QALY gained versus OAD. Incorporation of adherence resulted in a slightly higher ratio ($16,241/QALY. This increase was primarily due to better adherence with OAD than with IDM, and the higher direct medical costs for IDM.Conclusions: Incorporating medication adherence into economic analyses can meaningfully influence the estimated cost-effectiveness of type 2 diabetes treatments, and should therefore be considered in health care decision-making. Future work on the impact of adherence on health economic
Élodie Brahic and Jean-Philippe Terreaux
For optimum and effective forest management, determining the economic value of the elements making up biodiversity is necessary but difficult. Methods to facilitate the task do exist.We present here the outline of the book written by Brahic and Terreaux (2009) addressing economic valuation of forest biodiversity, useful if not essential to the efficient management of forests, but which can lead to various methodological problems. The objective is to help public and private forest managers in ...
Gheorghe Săvoiu; Constantin Manea
The main aim of this paper is to attempt a theoretical delineation of a new econoscience now known as financial econometrics, which is as a result of a dual approach, one originally from economics to econometrics, followed by another one, articulate, from financial economics to financial econometrics, both purely theoretical, simultaneously stressing the importance of economic and financial modelling, historically detailing the emergence and development of this new econoscience, outlining its...
Full Text Available Abstract Background Provision of evidence on costs alongside evidence on the effects of interventions can enhance the relevance of systematic reviews to decision-making. However, patterns of use of economics methods alongside systematic review remain unclear. Reviews of evidence on the effects of interventions are published by both the Cochrane and Campbell Collaborations. Although it is not a requirement that Cochrane or Campbell Reviews should consider economic aspects of interventions, many do. This study aims to explore and describe approaches to incorporating economics methods in a selection of Cochrane systematic reviews in the area of health promotion and public health, to help inform development of methodological guidance on economics for reviewers. Methods The Cochrane Database of Systematic Reviews was searched using a search strategy for potential economic evaluation studies. We included current Cochrane reviews and review protocols retrieved using the search that are also identified as relevant to health promotion or public health topics. A reviewer extracted data which describe the economics components of included reviews. Extracted data were summarised in tables and analysed qualitatively. Results Twenty-one completed Cochrane reviews and seven review protocols met inclusion criteria. None incorporate formal economic evaluation methods. Ten completed reviews explicitly aim to incorporate economics studies and data. There is a lack of transparent reporting of methods underpinning the incorporation of economics studies and data. Some reviews are likely to exclude useful economics studies and data due to a failure to incorporate search strategies tailored to the retrieval of such data or use of key specialist databases, and application of inclusion criteria designed for effectiveness studies. Conclusion There is a need for consistency and transparency in the reporting and conduct of the economics components of Cochrane reviews, as
Dr. Anastasios Alexandridis
Full Text Available The analysis of international policy co-ordination has been a major growth area within macroeconomics for the past twenty years. It has, however, developed in a confused way, combining approaches from a number of areas of economic theory and being forced to confront the gap between that theory and international political economy. At the same time, basic approaches to the desirability of increased co-ordination often remain embedded in the original attitudes of participants towards domestic macroeconomic policy. This relates most obviously to issues such as the desirability of government management of the economy and the nature of the exchange rate system. The result has been that we now have an increasingly well-developed, highly technical body of literature which, with some interesting exceptions, supports the idea of increased international macroeconomic policy co-ordination, while remaining cautious about the size of the gains which will come from it. At the same time, uncertainty remains over the precise meaning of several of the terms used in the field and, more importantly, over the interpretation of the outcomes of international conferences and the actions of governments. This latter uncertainty relates not just to the likely consequences of policy actions but even to the motives for them. It is this contrast between the smooth surface of theory and the unevenness of historical events which we wish to capture here
Full Text Available To gain a greater understanding of the spatial spillover effect of greenhouse gas emissions and their influencing factors, this paper provides a spatial analysis of four gas pollutants (CO2 emissions, SO2 emissions, NOx emissions, and dust emissions. Focusing on China, the paper also explores whether the four gas pollutants are influenced by the emissions of neighboring regions and other possible sources. The paper uses a global spatial autocorrelation analysis, local spatial association analysis and spatial lag model for empirical work. The results suggest that CO2, SO2, and NOx emissions show significant positive results for both the spatial correlation and space cluster effect in provincial space distribution.CO2 and NOx emissions have a significant positive spillover effect, while the SO2 emissions’ spatial spillover effect is positive but not significant. Economic growth and urbanization are the key determinants of CO2, dust, and NOx emissions, while energy efficiency and industrialization do not appear to play a role. This raises questions about the method of examining the spatial relationship between gas pollution, economic growth and urbanization in the future.
Hughes, Dyfrig; Charles, Joanna; Dawoud, Dalia; Edwards, Rhiannon Tudor; Holmes, Emily; Jones, Carys; Parham, Paul; Plumpton, Catrin; Ridyard, Colin; Lloyd-Williams, Huw; Wood, Eifiona; Yeo, Seow Tien
Trial-based economic evaluations are an important aspect of health technology assessment. The availability of patient-level data coupled with unbiased estimates of clinical outcomes means that randomised controlled trials are effective vehicles for the generation of economic data. However there are methodological challenges to trial-based evaluations, including the collection of reliable data on resource use and cost, choice of health outcome measure, calculating minimally important differences, dealing with missing data, extrapolating outcomes and costs over time and the analysis of multinational trials. This review focuses on the state of the art of selective elements regarding the design, conduct, analysis and reporting of trial-based economic evaluations. The limitations of existing approaches are detailed and novel methods introduced. The review is internationally relevant but with a focus towards practice in the UK. PMID:26753558
Kyer, Ben L.; Maggs, Gary E.
Contends that supply-side economics has generated a long-standing debate in both academic and political circles. Discusses the concepts of supply-side economics and how it is represented by the Laffer Curve. Illustrates the use of graphic analysis of tax rates and revenue to show the Laffer effect and supply-side economics. (CFR)
Full Text Available A different intermodal transportation model based on cost analysis considering technical, economical, and operational parameters is presented. The model consists of such intermodal modes as sea-road, sea-railway, road-railway, and multimode of sea-road-railway. A case study of cargo transportation has been carried out by using the suggested model. Then, the single road transportation mode has been compared to intermodal modes in terms of transportation costs. This comparison takes into account the external costs of intermodal transportation. The research reveals that, in the short distance transportation, single transportation modes always tend to be advantageous. As the transportation distance gets longer, intermodal transportation advantages begin to be effective on the costs. In addition, the proposed method in this study leads to determining the fleet size and capacity for transportation and the appropriate transportation mode.
Full Text Available Economic Informatics originates in the industry economy and the electronic processing of information. A clear distinction is made between IT and economic informatics, and further between general and particular economic informatics (the particular economic informatics meaning administration, industrial informatics etc. Economic informatics is deemed to be an applicative science relating to the conception, working modality and representation of IT and communication systems, oriented towards companies which are using electronic computers. This paper pursues to integrate applications allowing the information systems to interconnect at informational level, by information sharing, and at service level, considering the control of the related processes in real time.
Nicolai J. Foss
Full Text Available As the transaction cost theory of the firm was taking shape in the 1970s, another important movement in economics was emerging: a revival of the ‘Austrian’ tradition in economic theory associated with such economists as Ludwig von Mises and F. A. Hayek (1973; Dolan, 1976; Spadaro, 1978. As Oliver Williamson has pointed out, Austrian economics is among the diverse sources for transaction cost economics. In particular, Williamson frequently cites Hayek (e.g., Williamson, 1985, p. 8; 1991, p. 162, particularly Hayek’s emphasis on adaptation as a key problem of economic organisation (Hayek, 1945. Following Williamson’s lead, a reference to Hayek’s ‘The Use of Knowledge in Society’ (Hayek, 1945 has become almost mandatory in discussions of economic organisation (e.g., Ricketts, 1987, p. 59; Milgrom and Roberts, 1992, p. 56; Douma and Schreuder 1991, p. 9. However, there are many other potential links between Austrian and transaction cost economics that have not been explored closely and exploited.This article argues that characteristically Austrian ideas about property, entrepreneurship, economic calculation, tacit knowledge, and the temporal structure of capital have important implications for theories of economic organisation, transaction cost economics in particular. Austrian economists have not, however, devoted substantial attention to the theory of the firm, preferring to focus on business-cycle theory, welfare economics, political economy, comparative economic systems, and other areas. Until recently the theory of the firm was an almost completely neglected area in Austrian economics, but over the last decade, a small Austrian literature on the firm has emerged. While these works cover a wide variety of theoretical and applied topics, their authors share the view that Austrian insights have something to offer students of firm organisation.
Bayerstadler, Andreas; Benstetter, Franz; Heumann, Christian; Winter, Fabian
Predictive Modeling (PM) techniques are gaining importance in the worldwide health insurance business. Modern PM methods are used for customer relationship management, risk evaluation or medical management. This article illustrates a PM approach that enables the economic potential of (cost-) effective disease management programs (DMPs) to be fully exploited by optimized candidate selection as an example of successful data-driven business management. The approach is based on a Generalized Linear Model (GLM) that is easy to apply for health insurance companies. By means of a small portfolio from an emerging country, we show that our GLM approach is stable compared to more sophisticated regression techniques in spite of the difficult data environment. Additionally, we demonstrate for this example of a setting that our model can compete with the expensive solutions offered by professional PM vendors and outperforms non-predictive standard approaches for DMP selection commonly used in the market. PMID:23780751
The environmental/economic dispatch (EED) is an important daily optimization task in the operation of many power systems. It involves the simultaneous optimization of fuel cost and emission objectives which are conflicting ones. The EED problem can be formulated as a large-scale highly constrained nonlinear multiobjective optimization problem. In recent years, many metaheuristic optimization approaches have been reported in the literature to solve the multiobjective EED. In terms of metaheuristics, recently, scatter search approaches are receiving increasing attention, because of their potential to effectively explore a wide range of complex optimization problems. This paper proposes an improved scatter search (ISS) to deal with multiobjective EED problems based on concepts of Pareto dominance and crowding distance and a new scheme for the combination method. In this paper, we have considered the standard IEEE (Institute of Electrical and Electronics Engineers) 30-bus system with 6-generators and the results obtained by proposed ISS algorithm are compared with the other recently reported results in the literature. Simulation results demonstrate that the proposed ISS algorithm is a capable candidate in solving the multiobjective EED problems. - Highlights: ► Economic dispatch. ► We solve the environmental/economic economic power dispatch problem with scatter search. ► Multiobjective scatter search can effectively improve the global search ability
Mosab I. Tabash; Raj S. Dhankar
This paper explores empirically the relationship between the development of Islamic finance system and economic growth and its direction in Qatar. Using econometric analysis, annually time-series data of economic growth and Islamic banks’ financing from 1990 to 2008 were used. We use Islamic banks’ financing funds given by Islamic banks as a proxy for the development of Islamic finance system and Gross Domestic Product (GDP), and Gross Fixed Capital Formation (GFCF) as proxies for real econom...
Moreno-Cruz, Juan; Taylor, M. Scott
This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy resources may affect the distribution of economic activity around the globe. This is a very large research question, and we take one small step towards answering it by combining elements from resource and energy economics into one framework that links the spatial productivity of energy sources (both renewable and non-renewable) to the incentives for economic activity to concent...
Halkos, George; Tzeremes, Nickolaos
This paper by using Data Envelopment Analysis (DEA) and statistical inference evaluates the citation performance of 229 economic journals. The paper categorizes the journals into four main categories (A to D) based on their efficiency levels. The results are then compared to the 27 “core economic journals” as introduced by Dimond (1989). The results reveal that after more than twenty years Diamonds’ list of “core economic journals” is still valid. Finally, for the first time the paper uses da...
There were two principle objectives in this thesis: a theoretical and a practical one. The theoretical aim was related to the comparison of two most-widely used business valuation methods, Discounted Cash Flow (DCF) and Economic Value Added (EVA). By comparing the two methods the author gave a recommendation which valuation approach would be more applicable in small entities and their appraisal processes. The practical objective referred to the actual valuation of the Client Company with the ...
Beylot, Antoine; Boitier, Baptiste; Lancesseur, Nicolas; Villeneuve, Jacques
In a context of waste management policies aimed at promoting waste prevention and recycling and, conversely, reducing waste landfilling, this study investigates how waste is generated and treated in a consumption perspective. A Waste Input-Output Analysis is implemented that considers 14 waste fractions and four waste management techniques. Input-Output Tables extended to wastes are initially compiled for the year 2008 considering France and five of its main import suppliers, and further completed with data on waste treatment. Wastes from economic activities are accordingly reallocated to the product categories of household consumption that induce their production. In particular, considering five waste categories (dry recyclable wastes, mixed wastes, mineral wastes, organic wastes, and total wastes) as an aggregation of the 14 waste fractions studied, the ten product categories with the highest contribution account for 64-86% of the total generation of wastes. Waste intensity and volume of expenses are analyzed as the drivers for the amounts of wastes induced by each product category. Similarly, the products responsible for the largest amounts of waste landfilling and incineration without energy recovery, i.e. the management techniques at the bottom of the "waste management hierarchy", are identified. Moreover, this study highlights the relative importance of waste produced abroad as compared to that produced in France, regarding the total amount of waste induced by French household consumption. The sensitivity of results to the modeling of import production is subsequently discussed. Finally, the potential perspectives for this type of consumption approach are considered with respect to its utility and current limitations in a context of waste policy planning, and more particularly regarding the way waste policy targets are set. PMID:26851169
Blanco Fonseca, Maria; Ramos, Fabien; Van Doorslaer, Benjamin
Projections for world food production and prices play a crucial role to evaluate and tackle future food security challenges. Understanding how these projections will be affected by climate change is the main objective of this study. By means of a bio-economic approach we assess the economic impacts of climate change on agrifood markets, providing both a global analysis and a regionalised evaluation within the EU. To account for uncertainty, we analyse the IPCC emission scenario A1B for the 20...
The thesis comprises five papers and an introductory overview of applied models and methods. The papers concern interdependences and interrelations in models applied to empirical analyses of various problems related to production, consumption, location and trade. Among different definitions of 'structural analysis' one refers to the study of the properties of economic models on the assumption of invariant structural relations, this definition is close to what is aimed at in lire present case....
In this thesis advanced regression methods are applied to discuss and investigate highly relevant research questions in the areas of finance and economics. In the field of credit risk the thesis investigates a hierarchical model which allows to obtain a consensus score, if several ratings are available for each firm. Autoregressive processes and random effects are used to model both a correlation structure between and within the obligors in the sample. The model also allows to validate ...
Vicente Caballero de la Torre
Full Text Available This paper presents the origin of the issue of empathy in the History of Ideas and its importance in economics, as well as its revitalization. It concludes that it is not the study of empathy, so fashionable today, but the study of decision making the place where Economics can find the nature of emotions in relation to human behavior. This nature is its power to inhibit behavior. The study of repentance is itself more interesting and helpful for the economy than the study of empathy. Finally, the institutional approach is presented as the best in order to understand the issues related to economic human behavior
This article explores the application of economic theory to the measurement of growth in public service output. This approach is designed to take account of changes in the quality of the output. The article discusses two alternative economic approaches; the basic expenditure determinants approach and the use of outcome production functions. The article demonstrates how the approaches could work in practice with ahypothetical example of expenditure and outcome production functions for police s...
Van Galen, Dean; Schneider-Rebozo, Lissa; Havholm, Karen; Andrews, Kris
This chapter presents the state of Wisconsin and the University of Wisconsin System as an ongoing case study for best practices in systematic, intentional, statewide programming and initiatives connecting undergraduate research and economic development.
Rodriguez Acosta, Mauricio
This dissertation consists of four chapters in Political Economy and Resource Economics from a macroeconomic perspective. This collection of works emphasizes the endogenous nature of institutions and their importance for economic development. The four chapters revolve around two central questions: 1. Why do inefficient institutions emerge and persist over time? And, 2. What are the dynamic consequences of inefficient institutions? The first two chapters investigate these two central questions...
OBJECTIVES OF THE STUDY: This thesis has three main objectives. To provide a thorough review of the theoretical foundation of corruption in economics, introduce the methodologies and their main results and lastly design an economic corruption experiment addressing mechanics and importance of reciprocity for individuals in comparison to other moral costs of corruption. THEORETICAL FOUNDATION: Theoretical foundation reviewed in the thesis comprises of both theoretical and practical ...
Raymond Franck; Francois Melese; John Dillard
Proceedings Paper (for Acquisition Research Program) This study examines defense acquisition through the new lens of Transaction Cost Economics (TCE). TCE is an emergent field in economics that has multiple applications to defense acquisition practices. TCE''s original focus was to guide ''make-or-buy?'' decisions that define the boundaries of a firm. This study reviews insights afforded by TCE that impact government outsourcing (''buy'' decisions), paying special attention to defense pro...
A. Berezhna; Yu. Popova
The urgent for today problem of socio-economic development of cities of Ukraine is explored there. Modeling is the methodological basis of research.On the basis of the detailed analysis of works of domestic and foreign scientists in the field of socio-economic development there has been defined basic types of models (linear, partial improvement, multiple-line, actor, structural), generalized the developments in relation to territorial development, to which in particular belong: analysis of fu...
Priddat, Birger P.
Only a few economists knew about hermeneutical economics. But my request is to confirm hermeneutical economics only for the reason to make it criticable. Without any doubt, hermeneutical economics is worth to be criticized; but it is an incomplete approach. The first part presents Ludwig M. Lachmann's version of hermeneutical economics. Lachmann is picked up from the scenario of hermeneutical economists (i.e. Ebeling, Berger, Lavoie, some authors of Kirzner 1986, etc.), because he is the most...
Cristiano Perugini; Gaetano Martino
Towards an Interpretation of Economic Inequality in Rural Areas: a Conceptual and Empirical Approach (by Gaetano Martino and Cristiano Perugini) - ABSTRACT: Department of Economic Sciences and Rural Appraisal, University of Perugia 1 Department of Economics, Finance and Statistics, University of Perugia 2 (Paper first received, April 2005; in final form, April 2006) Abstract Economic inequality among European regions has been widely investigated, and a large number of empirical results have e...
Jaiswal, Kishor; Wald, David J.
We extended the U.S. Geological Survey's Prompt Assessment of Global Earthquakes for Response (PAGER) empirical fatality estimation methodology proposed by Jaiswal et al. (2009) to rapidly estimate economic losses after significant earthquakes worldwide. The requisite model inputs are shaking intensity estimates made by the ShakeMap system, the spatial distribution of population available from the LandScan database, modern and historic country or sub-country population and Gross Domestic Product (GDP) data, and economic loss data from Munich Re's historical earthquakes catalog. We developed a strategy to approximately scale GDP-based economic exposure for historical and recent earthquakes in order to estimate economic losses. The process consists of using a country-specific multiplicative factor to accommodate the disparity between economic exposure and the annual per capita GDP, and it has proven successful in hindcast-ing past losses. Although loss, population, shaking estimates, and economic data used in the calibration process are uncertain, approximate ranges of losses can be estimated for the primary purpose of gauging the overall scope of the disaster and coordinating response. The proposed methodology is both indirect and approximate and is thus best suited as a rapid loss estimation model for applications like the PAGER system.
This work is analysing the economical aspects of the fuel oil price for thermo power plant Negotino in conditions when there is a need of engagement of this, until now, under utilized capacity. In the same context are presented the actual electro-energetic situations in the region, in the period when are actual. changes in many electro-energetic systems. Trough the method of average prices is given an approach for securing economically payable fuel for the thermo power generating plants on liquid fuel. (Author)
一、 Major Characteristics of the Direct Method and the Communicative Approach The characteristics of the communicative Approach are as follows:(1) The teaching content takes language function as the key link,which is fixed up in accordance with the different demands of studying object.For example,the demands of the scientist and technologist,the translator,the foreign language teacher,the tourist adviser,the diplomatic personnel and the economic worker are different from each other,so the most necessary language materials for achieving certain communication are chosen which are usually the most common structure form.
European literature as was feasible has been carried out, such a survey is certain to fall short of reviewing the full literature simply because the larger part of it is North American. The latter was being reviewed separately by the US team. However, in making recommendations as to what valuation methods or studies to use, the report draws on the substantial US experience. The whole issue of when a methodology or a particular study can be transferred from one context to another has never been fully addressed. This report makes some suggestions as to when this is may be appropriate although it is recognized that this is by no means a definitive discussion of that issue. Certainly, the fact that the fuel cycle analysis here is location-specific, rather than 'generic', in the sense of providing broad average costs of impacts caused by the use of certain fuels, makes the transferability of estimates more difficult. The report is structured as follows. Part I begins with a discussion of the nature of externalities and a more precise definition of what is being measured. Of particular importance in this context is the extent to which an environmental impact is or is not an 'externality'. Without going into the more complex aspects of the economic theory, the report offers some advice on when the issue is relevant and what criteria might be used to assess whether or not a particular environmental impact really is an externality. The remainder of Part I then deals with a number of general issues that are of practical importance in the context of valuing specific impacts. These are: the question of transferability discussed above; the time period or timescale over which the valuation is to take place; the treatment of uncertainty; the discounting of future costs; and the finally the issue of exactly what is being assumed constant when a particular valuation is being carried out. This is of special significance in the context of the valuation being undertaken here. Part II of the
Daskalovska, Nina; Ivanovska, Biljana
This handbook for English language students presents the major teaching methods and approaches that have been used in English language teaching and learning. It is divided into two parts. Part I gives an overview of first and second/foreign language acquisition theories, such as the behaviourist, the innatist, the cognitive, the interactionist and the creative-construction theory. Part II describes the English language teaching methods and approaches that have been popular at different times ...
Fernández, Francisco J.; Blanco, Maria
The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to future climate change scenarios. The evolution of the bio-economic approach has gone through different stages.This review analyses its evolution: firstly, framing the bio-economic approach into the con...
Nuclear power plants (NPPs) with water cooled reactors [either light water reactors (LWRs) or heavy water reactors (HWRs)] constitute the large majority of the currently operating plants. Water cooled reactors can make a significant contribution to meeting future energy needs, to reducing greenhouse gas emissions, and to energy security if they can compete economically with fossil alternatives, while continuing to achieve a very high level of safety. It is generally agreed that the largest commercial barrier to the addition of new nuclear power capacity is the high capital cost of nuclear plants relative to other electricity generating alternatives. If nuclear plants are to form part of the future generating mix in competitive electricity markets, capital cost reduction through simplified designs must be an important focus. Reductions in operating, maintenance and fuel costs should also be pursued. The Department of Nuclear Energy of the IAEA is examining the competitiveness of nuclear power and the means for improving its economics. The objective of this TECDOC is to emphasize the need, and to identify approaches, for new nuclear plants with water cooled reactors to achieve competitiveness while maintaining high levels of safety. The cost reduction methods discussed herein can be implemented into plant designs that are currently under development as well as into designs that may be developed in the longer term. Many of the approaches discussed also generally apply to other reactor types (e.g. gas cooled and liquid metal cooled reactors). To achieve the largest possible cost reductions, proven means for reducing costs must be fully implemented, and new approaches described in this document should be developed and implemented. These new approaches include development of advanced technologies, increased use of risk-informed methods for evaluating the safety benefit of design features, and international consensus regarding commonly acceptable safety requirements that
Full Text Available The paper emphasizes the economic performance of the fresh European sea bass production and profitability of related processing to value-added fillets. Croatian annual farmed European sea bass and gilthead sea bream production in amount of 4,000 tones plays only about 1.7% of the World production with mediocre economic benefits for producers. However, product diversification, including processing measures as filleting, vacuuming and smoked processing can ensure additional product value providing long-term strategic orientation for fish-farmers. Seabass filleting, although at the initial phase, can be a modus of value-added production, which protects the producers of the price risk volatility targeting the population averse to the long lasting traditional fish mill preparation. Applied Real Option method can be helpful tool in the situation when the strategic project value includes not just the current economic features but also opportunities related to the basic model. Option approach indicates that seabass filleting triplicate the economic performance with respect to fresh seabass production.
Devkota, Surendra R.
This dissertation analyzes the sustainability of the economy of Nepal. The main empirical question addressed is whether the Tenth Plan of Nepal (2002--2007) will meet its projected economic output goal and achieve its primary goal of reducing poverty. To this end, economic growth scenarios are examined in terms of availability of energy demand and supply, and income disparity among different households. The structure of the Nepali economy is examined using a Leontief input-output table, a Ghosian supply-side input-output table, and a social accounting matrix for the year 1999. Based on the input-output analysis of energy demand and supply for the 10th Plan, it is unlikely that energy requirements of the projected output will be met, unless some extra sources of energy are developed. Households need to switch their energy use from fuel wood/biomass to other alternatives. In order to meet the target of the Plan vis-a-vis energy demand or supply, a few policy measures are urgently needed, though some of these options require many years to develop. Household income inequality and distribution is examined through the SAM multipliers; namely aggregate, transfer, open-loop, and closed-loop multipliers. The investment-income multiplier scenarios for the 10th Plan indicate that the nominal income of households may increase due to the increased investment, which will not necessarily improve the bottom deciles households, particularly socio-economically deprived households. Economic growth in Nepal during the past fifty years demonstrates that the modernization model is unsuccessful. Economic growth occurred at some centers at the cost of periphery. A huge regional disparity has developed between hills and plains, east and west, city and rural areas. Nepal's persistent poverty indicates a failure of modernization theory. The Tenth Plan would be another continuation of a failed legacy, unless social and natural endowments are considered for sustainability. Nepal could be an
William D. Nordhaus
What are the prospects for long-run economic growth? The present study looks at a recently launched hypothesis, which I label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or Singularity after which economic growth will accelerate sharply as an ever-accelerating pace of improvements cascade through the economy. The paper develops a growth model that features Singularity and presents several tests of whether we are rapidly a...
William D. Nordhaus
What are the prospects for long-run economic growth?, the present study looks at a more recently launched hypothesis, which I label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or Singularity after which economic growth will accelerate sharply as an ever-accelerating pace of improvements cascade through the economy. The paper develops a growth model that features Singularity and presents several tests of whether we are rap...
Information economics provides important tools to articulate an economics analysis of the governance mechanisms for the generation and exploitation of localized technological knowledge. A variety of hybrid forms of knowledge governance ranging from coordinated transactions and constructed interactions to quasi-hierarchies can be found between the two unrealistic extremes of pure markets and pure organizations. The notion of localized technological knowledge as a highly heterogeneous dynamic p...
This chapter explores the potential advantages and disadvantages of Agent-based Computational Economics (ACE) for the study of economic systems. General points are concretely illustrated using an ACE model of a two-sector decentralized market economy. Six issues are highlighted: Constructive understanding of production, pricing, and trade processes; the essential primacy of survival; strategic rivalry and market power; behavioral uncertainty and learning; the role of conventions and organizat...
Davis, George C.; Jacob, Jacy; Good, Deborah J.
Food intake is greatly influenced by economic factors. Consequently, neuroeconomics has been identified as a new and important area for understanding the interaction between genotypes and phenotypes related to food intake. A foundational element of economics is choice between alternatives. Changing food choices are a central element in the explanation of the increasing obesity rates in human populations. The purpose of this research is to incorporate the key element of choice into the investi...
Full Text Available The article discusses the widely used classic method of analysis, forecasting and decision-making in the various economic problems, called SWOT analysis. As known, it is a qualitative comparison of multicriteria degree of Strength, Weakness, Opportunity, Threat for different kinds of risks, forecasting the development in the markets, status and prospects of development of enterprises, regions and economic sectors, territorials etc. It can also be successfully applied to the evaluation and analysis of different project management tasks - investment, innovation, marketing, development, design and bring products to market and so on. However, in practical competitive market and economic conditions, there are various uncertainties, ambiguities, vagueness. Its making usage of SWOT analysis in the classical sense not enough reasonable and ineffective. In this case, the authors propose to use fuzzy logic approach and the theory of fuzzy sets for a more adequate representation and posttreatment assessments in the SWOT analysis. In particular, has been short showed the mathematical formulation of respective task and the main approaches to its solution. Also are given examples of suitable computer calculations in specialized software Fuzicalc for processing and operations with fuzzy input data. Finally, are presented considerations for interpretation of the results.
Xuejun Xu; Wenbin Chen
In this paper, standard and economical cascadic multigrid methods are con-sidered for solving the algebraic systems resulting from the mortar finite element meth-ods. Both cascadic multigrid methods do not need full elliptic regularity, so they can be used to tackle more general elliptic problems. Numerical experiments are reported to support our theory.
Larissa Margareta BĂTRÂNCEA; Ramona Anca NICHITA; Ioan BĂTRÂNCEA; Bogdan Andrei MOLDOVAN
The paper reviews the models of tax compliance with an emphasis on economic and behavioral perspectives. Although the standard tax evasion model of Allingham and Sandmo and other similar economic models capture some important aspects of tax compliance (i.e., taxpayers’ response to increases in tax rate, audit probability, penalty rate) they do not suffice the need for an accurate prediction of taxpayers’ behavior. The reason is that they do not offer a comprehensive perspective on the sociolo...
Heitor Reis, António; Dionísio, Andreia
This paper illustrates an application of Constructal Theory to spatial economics and Þnance. Constructal theory is about the generation of architecture in ßow systems in general. Simply stated, the constructal law proclaims a tendency to maximize ßow access in time, i.e., for a Þnite-size ßow system to persist in time (to live), it must evolve in such a way that it provides easier access to the currents that ßow through it. Constructal optimization in spatial economics is po...
Zhu, JZ; Irving, MR; Xu, GY
This article presents a new nonlinear convex network flow programming model and algorithm for solving the on-line economic power dispatch with N and N−1 security. Based on the load flow equations, a new nonlinear convex network flow model for secure economic power dispatch is set up and then transformed into a quadratic programming model, in which the search direction in the space of the flow variables is to be solved. The concept of maximum basis in a network flow graph was introduced so tha...
Hayek’s contribution to the analysis of law has been widely criticized and disputed. This paper shares with a recent assessment by Beaulier, Boettke and Coyne the opinion that the significance of Hayek’s legal writings and their relevance to law and economics can only be completely understood by jointly analyzing his economic theory and his legal theory. Moreover it will be argued that both theories must be reconsidered in light of Hayek’s theory of mind. This theory, in fact, represents the ...
Safarzynska, Karolina; Jeroen C.J.M. van den Bergh
In this paper we present an overview of methods and components of formal economic models employing evolutionary approaches. This compromises two levels: (1) techniques of evolutionary modelling, including multi-agent modelling, evolutionary algorithms and evolutionary game theory; (2) building blocks or components of formal models classified into core processes and features of evolutionary systems - diversity, innovation and selection - and additional elements, such as bounded rationality, di...
Harle, K.M.; Sanfey, A.G.
Although recent economic models of human decision making have recognised the role of emotion as an important biasing factor, the impact of incidental emotion on decisions has remained poorly explored. To address this question, we jointly explored the role of emotional valence (i.e., positive vs. neg
Rao, R. Ramesh; Jani, Rohana
The economic progress made by many countries is attributed to many factors. Education is often quoted as a major contributing factor. There are many researches done in evaluating and determining the role of education in nations. In this paper, factors of education which have helped in the case of Malaysia are dwelled upon. Education has helped…
Responses from 64 of 80 extension agents specializing in community resources and economic development identified the "Journal of the Community Development Society" as the primary source of ideas and information. Frequently cited program topics were entrepreneurship, fiscal policy, budgeting, strategic planning, and leadership development. Among…
Full Text Available Does Eastern Germany differ significantly from Western part in economic terms? How have new Bundeslnder been developing over past twenty years? How fast has East been catching up with West? What could have hampered convergence? How today are German states equipped with factors determining future growth? How the new Bundeslnder performed do compared with the old ones? This paper seeks to address above mentioned questions. It offers a comprehensive review of key economic developments of two decades of reunited Germany. Particularly it examines current economic landscape; investigates convergence processes taking place since reunification and tries to identify most likely impediments hampering full catching up. Finally, it aims at assessing contemporary growth potential of German states. With respect to the starting point poor performance of East Germany back in 1990 the progress made and results achieved are impressive. Though, comparing the situation with Western part of the country significant discrepancies continue to exist. Certainly, assessment of the last twenty years of reunited Germany hinges much upon perspective taken. Two decades after Berlin Wall Fall opinions on economic consequences of reunification are more balanced, since much has been achieved, but much still needs to be done.
Oleg Sergeevich Sukharev
Full Text Available The subject matter of the article — the development of the doctrine of “coherent” Regional Development and research of the structural quality of the development of regional systems on the basis of theoretical analysis of institutional factors (parameters that determine the manufacturability of the regional economy. The purpose of the research — to show the possibilities of technological change and shift of economic growth in a particular regional system, with stringent limits for accelerated development, with an emphasis on industrial regions. To this end, formed a number of structural models and analyze the impact of technological factors on the growth parameters of the regional economy, the definition of conditions for the development of the industrial region. Methodology. The correlation and regression analysis are applied, which allows to establish a statistically significant relationship between the relevant parameters, the econometric models are used to demonstrate the possibility of estimating the growth parameters via the control parameters, including the technological factor. The structural aspect of regional economic growth is taken into account by the division of investment on the old and new technologies. Result and scope of the research. Increasing adaptability of the regional economy is possible at the expense of compounding results in the use of (old and the application of new technologies. This principle specifies the algorithm of formation of regional development priorities, provides a choice of strategy of technological development of the regional system. Investing resources only in the field of new technologies can dramatically enhance the disparity of regional economic system, the parameters of diversion of resources and the creation of a new resource will determine the pace of growth in the region. Conclusions. Dynamics of investment into old technology provides a major impact on the rate of economic growth in the
Lin, Yanzi; Guo, Miao; Shah, Nilay; Stuckey, David C
The driver for waste-based economic growth is long-term strategic design, and a paradigm-shift from waste treatment to resource recovery. This study aims to use an integrated modelling approach to evaluate the holistic economic and environmental profiles of three alternative nitrogen removal and recovery methods integrated into wastewater treatment systems, including conventional nitrification-denitrification, Anammox, and the anaerobic ion exchange route, to provide insights into N recovery system designs which are key elements in building a sustainable circular economy. Our results suggest that ion exchange is a promising technology showing high N removal-recovery efficiency from municipal wastewater and delivering competitive sustainability scores. In comparison with the well-developed conventional route, ion exchange and Anammox are undergoing significant research and development; as highlighted in sensitivity analyses, there is considerable room for process design and optimisation of ion exchange systems to achieve economically and environmentally optimal performance. PMID:27005785
We present a description of the PhD thesis which aims to propose a rule-based query answering method for relational data. In this approach we use an additional knowledge which is represented as a set of rules and describes the source data at concept (ontological) level. Queries are posed in the terms of abstract level. We present two methods. The first one uses hybrid reasoning and the second one exploits only forward chaining. These two methods are demonstrated by the prototypical implementation of the system coupled with the Jess engine. Tests are performed on the knowledge base of the selected economic crimes: fraudulent disbursement and money laundering.
Stanley, H. Eugene
In recent years, statistical physicists and computational physicists have determined that physical systems which consist of a large number of interacting particles obey universal "scaling laws" that serve to demonstrate an intrinsic self-similarity operating in such systems. Further, the parameters appearing in these scaling laws appear to be largely independent of the microscopic details. Since economic systems also consist of a large number of interacting units, it is plausible that scaling theory can be usefully applied to economics. To test this possibility using realistic data sets, a number of scientists have begun analyzing economic data using methods of statistical physics . We have found evidence for scaling (and data collapse), as well as universality, in various quantities, and these recent results will be reviewed in this talk--starting with the most recent study . We also propose models that may lead to some insight into these phenomena. These results will be discussed, as well as the overall rationale for why one might expect scaling principles to hold for complex economic systems. This work on which this talk is based is supported by BP, and was carried out in collaboration with L. A. N. Amaral S. V. Buldyrev, D. Canning, P. Cizeau, X. Gabaix, P. Gopikrishnan, S. Havlin, Y. Lee, Y. Liu, R. N. Mantegna, K. Matia, M. Meyer, C.-K. Peng, V. Plerou, M. A. Salinger, and M. H. R. Stanley. [1.] See, e.g., R. N. Mantegna and H. E. Stanley, Introduction to Econophysics: Correlations & Complexity in Finance (Cambridge University Press, Cambridge, 1999). [2.] P. Gopikrishnan, B. Rosenow, V. Plerou, and H. E. Stanley, "Identifying Business Sectors from Stock Price Fluctuations," e-print cond-mat/0011145; V. Plerou, P. Gopikrishnan, L. A. N. Amaral, X. Gabaix, and H. E. Stanley, "Diffusion and Economic Fluctuations," Phys. Rev. E (Rapid Communications) 62, 3023-3026 (2000); P. Gopikrishnan, V. Plerou, X. Gabaix, and H. E. Stanley, "Statistical Properties of
The economic evaluation of fusion research to date has focussed on the benefits of essentially unlimited energy for future generations. In this paper it is shown that energy research in general, and fusion research in particular, also provides benefits in the short term, benefitting us today as well as future generations. Short-term benefits are the result of two distinct aspects of fusion research. First, fusion research provides information for decision making on both the continuing fusion research efforts and on other energy research programs. Second, fusion research provides an expectation of a future energy source thereby promoting accelerated consumption of existing fossil fuels today. Both short-term benefits can be quantitatively evaluated and both are quite substantial. Together, these short-term benefits form the primary economic rationale for fusion research
This paper extends the notion of the rational agent in economics by acknowledging the role of the unconscious in the agent�s decision-making process. It argues that the unconscious can be modelled by a rational agent with his own objective function and set of information. The combination of both the conscious and unconscious agents is called the "dual agent". This dual agent presents rationally biased behaviors that may not disappear through aggregation, and could be potentially measured. It ...
A different intermodal transportation model based on cost analysis considering technical, economical, and operational parameters is presented. The model consists of such intermodal modes as sea-road, sea-railway, road-railway, and multimode of sea-road-railway. A case study of cargo transportation has been carried out by using the suggested model. Then, the single road transportation mode has been compared to intermodal modes in terms of transportation costs. This comparison takes into accoun...
Ríos, Sergio Daniel
Microalgae oil has been identified as a reliable resource for biodiesel production due to its high lipid productivity and potential cultivation in non-fertile locations. However, high scale production of microalgae based biodiesel depends on the optimization of the entire process to be economically feasible. The present work combine the optimization of microalgae downstream processes with computational tools for the modeling of different scenarios of the harvesting, oil extraction and transes...
Kwan Soo Kim
This paper ï¬ rst develops the model, based on endogenous growth argument, in which environmental quality is included as input and thus makes possible the explanation of issues related to resource allocation and its impacts on the environment. Second, it analyzes the relationship between land market performance and underinvestment by incorporating information about soil quality into the analytical framework It extends existing literature on the economic modelling of soil conservation in sever...
Chiswick, Carmel Ullman
An economic theory of immigration and immigrant absorption for a religious minority is developed and applied to Jewish history. Human capital is classified according to whether it is allocative or productive, transferable or location-specific, general or Jewish. Crossclassifying these categories leads to various hypotheses about self-selection among Jewish immigrants and their influence on the Jewish community in their destination. Complementarity between general and Jewish human capital is a...
Dougan, James D.
Economic theory predicts an inverse relationship between the quantity of a commodity supplied to the marketplace and the equilibrium market price of that commodity. This prediction was tested in three experiments. Pigeons responded on simple variable-interval schedules, and quantity of reinforcement supplied was varied in a different way in each experiment. In Experiment 1, quantity supplied was varied by manipulating reinforcement rate while keeping session length constant. In Experiment 2, ...
Mungani, Dzivhuluwani Simon
Full Text Available Various production methods are used in industry to manufacture or produce a variety of products needed by industry and consumers. The nature of a product determines which production method is most suitable or cost-effective. A continuous process is typically used to produce large volumes of liquids or gases. Batch processing is often used for small volumes, such as pharmaceutical products. This paper discusses a research project to determine the relationship between maintenance approaches and production methods. A survey was done to determine to what extent three maintenance approaches reliability-centred maintenance (RCM, total productive maintenance (TPM, and business-centred maintenance (BCM are used for three different processing methods (continuous process, batch process, and a production line method.
Johnson Taiwo Olajide
Full Text Available Most of the developing and under-developed countries have been facing a lot of challenges on the issue of economic growth, despite the fact that they are endowed with both natural and human resources. This study examines the determinants of real per Capita GDP growth in Organization of the Petroleum Exporting Countries (OPEC using a panel of twelve countries for the period of 1986 and 2010.The pooled Ordinary Least Squares (OLS, Fixed Effect (FE and Random Effect (RE models were employed to assess the relationship between CGDP and other economic variables used. The result showed that price level of consumptions (pc and investment share (ci are the important factors of CGDP that contribute to the economic growth of OPEC countries. The result also established that exchange rate (Xrat, price of GDP (p, purchasing power parity (ppp and ci have a positive influence on CGDP. The test statistic revealed that Random Effects Model (REM estimator is more efficient than OLS and that there is no significance difference between Fixed Effects Model (FEM and REM estimators.
Larissa Margareta BĂTRÂNCEA
Full Text Available The paper reviews the models of tax compliance with an emphasis on economic and behavioral perspectives. Although the standard tax evasion model of Allingham and Sandmo and other similar economic models capture some important aspects of tax compliance (i.e., taxpayers’ response to increases in tax rate, audit probability, penalty rate they do not suffice the need for an accurate prediction of taxpayers’ behavior. The reason is that they do not offer a comprehensive perspective on the sociological and psychological factors which shape compliance (i.e., attitudes, beliefs, norms, perceptions, motivations. Therefore, the researchers have considered examining taxpayers’ inner motivations, beliefs, perceptions, attitudes in order to accurately predict taxpayers’ behavior. As a response to their quest, behavioral models of tax compliance have emerged. Among the sociological and psychological factors which shape tax compliance, the ‘slippery slope’ framework singles out trust in authorities and the perception of the power of authorities. The aim of the paper is to contribute to the understanding of the reasons for which there is a need for a tax compliance model which incorporates both economic and behavioral features and why governments and tax authorities should consider these models when designing fiscal policies.
Full Text Available In the past years majority of EU members experienced the highest economic decline in their modern history, but impacts of the global financial crisis were not distributed homogeneously across the continent. The aim of the paper is to examine a cohesion of European Union (plus Norway and Iceland in terms of an economic development of its members from the 1st of January 2008 to the 31st of December 2012. For the study five economic indicators were selected: GDP growth, unemployment, inflation, labour productivity and government debt. Annual data from Eurostat databases were averaged over the whole period and then used as an input for a cluster analysis. It was found that EU countries were divided into six different clusters. The most populated cluster with 14 countries covered Central and West Europe and reflected relative homogeneity of this part of Europe. Countries of Southern Europe (Greece, Portugal and Spain shared their own cluster of the most affected countries by the recent crisis as well as the Baltics and the Balkans states in another cluster. On the other hand Slovakia and Poland, only two countries that escaped a recession, were classified in their own cluster of the most successful countries
Sokoler, Leo Emil
This thesis concerns methods and algorithms for power production planning in contemporary and future power systems. Power production planning is a task that involves decisions across different time scales and planning horizons. Hours-ahead to days-ahead planning is handled by solving a mixed...... variance. Simulations show that MV-EMPC reduces cost and risk compared to CE-EMPC. The simulations also show that the economic performance of CE-EMPC can be much improved using a constraint back-off heuristic. Efficient solution of the optimal control problems (OCPs) that arise in EMPC is important, as the...... OCPs are solved online. We present special-purpose algorithms for EMPC of linear systems that exploit the high degree of structure in the OCPs. A Riccati-based homogeneous and self-dual interior-point method is developed for the special case, where the OCP objective function is a linear function. We...
韩学山; 赵建国; 柳焯
Under the environment of electric power market, economic dispatch (ED) problem should consider network constraints, unit ramp rates, besides the basic constraints. For this problem, it is important to establish the effective model and algorithm. This paper examines the decoupled conditions that affect the solution optimality to this problem. It proposes an effective model and solution method. Based on the look-ahead technique, it finds the number of time intervals to guarantee the solution optimality. Next, an efficient technique for finding the optimal solution via the interior point methods is described. Test cases, which include dispatching six units over 5 time intervals on the IEEE 30 test system with line flows and ramp constraints are presented. Results indicate that the computational effort as measured by iteration counts or execution time varies only modestly with the problem size.
Karaçay Çakmak Hatice
Full Text Available The aim of this article is to examine the capability approach of Amartya Sen and mainstream economic theory in terms of their epistemological, methodological and philosophical/cultural aspects. The reason for undertaking this analysis is the belief that Sen's capability approach, contrary to some economists' claim, is uncongenial to mainstream economic views on epistemology and methodology (not on ontologically. However, while some social scientists regard that Sen, on the whole, is a mainstream economist, his own approach strongly criticizes both the theory and practice of mainstream economics.
Stéphane J. Baele
Full Text Available The 2000s have witnessed the arrival and growing popularity of randomized controlled experiments (RCTs in Development Economics. Whilst this new way of conducting research on development has unfolded important insights, the ethical challenge it provokes has not yet been systematically examined. The present article aims at filling this gap by providing the first ad hoc discussion of the moral issues that accompany the use of RCTs in Development Economics. Claiming that this new research agenda needs its own, specific set of ethical guidelines, we expose the six ethical problems that these experiments potentially provoke and that should therefore be carefully assessed by ethics committees before an RCT is launched and by scholarly journals before its results are published.
We consider an overlapping generations model with public education and social security where the overall size of these policies is determined in a repeated voting game. We investigate the interaction between the politically determined policies and economic development in a Markov perfect equilibrium. The following results are obtained. First, the level of human capital determines whether these policies are sustained in the Markov perfect equilibrium. Second, if the level of initial human ...
Dmitry V. Gorbachev
Full Text Available The article describes the systematic approach to developing a system of combined models of discrete processes. Mathematical basis for constructing a model of information Petri nets.
Collins, R. Lorraine; Vincent, Paula C.; Yu, Jihnhee; Liu, Liu; Epstein, Leonard H.
In the U.S., marijuana is the most commonly used illicit drug. Its prevalence is growing, particularly among young adults. Behavioral economic indices of the relative reinforcing efficacy (RRE) of substances have been used to examine the appeal of licit (e.g., alcohol) and illicit (e.g., heroin) drugs. The present study is the first to use an experimental, simulated purchasing task to examine the RRE of marijuana. Young-adult (M age = 21.64 years) recreational marijuana users (N = 59) complet...
Energy is fundamental to the economic development of a society. Ensuring energy security is critical to the security, sovereignty, and well-being of any country. However, there is no consensus on the definition of energy security. This book attempts to construct an appropriate definition for the concept of energy security. The evolution of energy security is traced at both the global level and in the Indian context. The book elaborates on the concept of energy security, highlights its linkages, enumerates India’s indigenous energy resources, examines the status of energy security in the country, and makes policy suggestions to ensure energy security in the country.
The Direct Method and the Communicative Approach are two different kinds of methods in teaching foreign languages. There are obvious advantages in using the Direct Method. However,people found a number of shortcomings in this method. It is not easy to apply after the first stages of language learning when ideas and concepts become more abstract and complicated. This method assumes that adults can learn a second language the same way that children learn their first language. However,more attention should be paid to the differences between these two groups of people.Obviously,the Communicative Approach contributes a lot to the foreign language teaching. But it is certain that it’s not a perfect teaching system. There are quite a few questions needing resolutions.Developing a methodology involves the synthesis of theory and practice into a program that works. It generally means drawing from several methods and approaches in order to create an integrated curriculum that will meet the needs of the situation and students. Integrative and / or instrumental goals,the particular concepts being taught,learning and teaching preferences,cultural factors,and age and competency levels of students are all important considerations.
The command-and-control system to air quality controls is a mixture of technology-forcing standards for existing sources and offset for new sources. More stringent controls are required to achieve the ambient air quality standards in non-attainment urban areas which have been conformed with burgeoning economic growth. Due to the economy of scale and locale of polluting sources, some sources can implement these controls in a more cost-effective manner than others. In order to minimize the control costs of regulated sources, trading of emissions has been stipulated and has occurred among power plants to curb acid rain at the national level. Southern California is currently embarking on the trading of oxides of nitrogen, reactive organic compounds, and oxides of sulfur among existing and new stationary sources. New economic opportunities for entrepreneurs with advances control technology will arise under emissions trading. Trading will also result in the redistribution of emissions geographically and across industries. Through the linkage of a linear-programming trading model, a regional econometric model, and an urban airshed model, the impact of trading on the Southern California economy can thus be examined. This paper describes a framework which can be used to compare and contrast RECLAIM with the command-and-control system; and discusses a few issues which may arise in a trading market and how these issues can be dealt with are also examined
The aurthor discusses various approaches to the characterization of the category “distribution” as the set of factors of economic growth as a unified system that allows to structure the existing growth factors, determine their subordination and to identify the most significant causal phenomena and conditions of economic growth.
Full Text Available The aurthor discusses various approaches to the characterization of the category “distribution” as the set of factors of economic growth as a unified system that allows to structure the existing growth factors, determine their subordination and to identify the most significant causal phenomena and conditions of economic growth.
Berry, Kenneth J; Johnston, Janis E
This research monograph provides a synthesis of a number of statistical tests and measures, which, at first consideration, appear disjoint and unrelated. Numerous comparisons of permutation and classical statistical methods are presented, and the two methods are compared via probability values and, where appropriate, measures of effect size. Permutation statistical methods, compared to classical statistical methods, do not rely on theoretical distributions, avoid the usual assumptions of normality and homogeneity of variance, and depend only on the data at hand. This text takes a unique approach to explaining statistics by integrating a large variety of statistical methods, and establishing the rigor of a topic that to many may seem to be a nascent field in statistics. This topic is new in that it took modern computing power to make permutation methods available to people working in the mainstream of research. This research monograph addresses a statistically-informed audience, and can also easily serve as a ...
Zuniga, Allison F.; Rasky, Daniel; Pittman, Robert B.; Zapata, Edgar; Lepsch, Roger
The NASA COTS (Commercial Orbital Transportation Services) Program was a very successful program that developed and demonstrated cost-effective development and acquisition of commercial cargo transportation services to the International Space Station (ISS). The COTS acquisition strategy utilized a newer model than normally accepted in traditional procurement practices. This new model used Space Act Agreements where NASA entered into partnerships with industry to jointly share cost, development and operational risks to demonstrate new capabilities for mutual benefit. This model proved to be very beneficial to both NASA and its industry partners as NASA saved significantly in development and operational costs while industry partners successfully expanded their market share of the global launch transportation business. The authors, who contributed to the development of the COTS model, would like to extend this model to a lunar commercial services program that will push development of technologies and capabilities that will serve a Mars architecture and lead to an economical and sustainable pathway to transporting humans to Mars. Over the past few decades, several architectures for the Moon and Mars have been proposed and studied but ultimately halted or not even started due to the projected costs significantly exceeding NASA's budgets. Therefore a new strategy is needed that will fit within NASA's projected budgets and takes advantage of the US commercial industry along with its creative and entrepreneurial attributes. The authors propose a new COTS-like program to enter into partnerships with industry to demonstrate cost-effective, cis-lunar commercial services, such as lunar transportation, lunar ISRU operations, and cis-lunar propellant depots that can enable an economical and sustainable Mars architecture. Similar to the original COTS program, the goals of the proposed program, being notionally referred to as Lunar Commercial Orbital Transfer Services (LCOTS
Kagliwal, Lalit D; Survase, Shrikant A; Singhal, Rekha S; Granström, Tom
A process for the fermentative production of propionic acid from whole wheat flour using starch and gluten as nutrients is presented. Hydrolysis of wheat flour starch using amylases was optimized. A batch fermentation of hydrolysate supplemented with various nitrogen sources using Propionibacterium acidipropionici NRRL B 3569 was performed. The maximum production of 48.61, 9.40, and 11.06 g of propionic acid, acetic acid and succinic acid, respectively, was found with wheat flour hydrolysate equivalent to 90 g/l glucose and supplemented with 15 g/l yeast extract. Further, replacement of yeast extract with wheat gluten hydrolysate showed utilization of gluten hydrolysate without compromising the yields and also improving the economics of the process. The process so developed could be useful for production of animal feed from whole wheat with in situ production of preservatives, and also suggest utilization of sprouted or germinated wheat for the production of organic acids. PMID:23357590
Collins, R Lorraine; Vincent, Paula C; Yu, Jihnhee; Liu, Liu; Epstein, Leonard H
In the United States, marijuana is the most commonly used illicit drug. Its prevalence is growing, particularly among young adults. Behavioral economic indices of the relative reinforcing efficacy (RRE) of substances have been used to examine the appeal of licit (e.g., alcohol) and illicit (e.g., heroin) drugs. The present study is the first to use an experimental, simulated purchasing task to examine the RRE of marijuana. Young-adult (M age = 21.64 years) recreational marijuana users (N = 59) completed a computerized marijuana purchasing task designed to generate demand curves and the related RRE indices (e.g., intensity of demand-purchases at lowest price; Omax-max. spent on marijuana; Pmax-price at which marijuana expenditure is max). Participants "purchased" high-grade marijuana across 16 escalating prices that ranged from $0/free to $160/joint. They also provided 2 weeks of real-time, ecological momentary assessment reports on their marijuana use. The purchasing task generated multiple RRE indices. Consistent with research on other substances, the demand for marijuana was inelastic at lower prices but became elastic at higher prices, suggesting that increases in the price of marijuana could lessen its use. In regression analyses, the intensity of demand, Omax, and Pmax, and elasticity each accounted for significant variance in real-time marijuana use. These results provide support for the validity of a simulated marijuana purchasing task to examine marijuana's reinforcing efficacy. This study highlights the value of applying a behavioral economic framework to young-adult marijuana use and has implications for prevention, treatment, and policies to regulate marijuana use. PMID:24467370
Aliyev, A G
Brief Information on Finite-Dimensional Vector Space and its Application in EconomicsBases of Piecewise-Linear Economic-Mathematical Models with Regard to Influence of Unaccounted Factors in Finite-Dimensional Vector SpacePiecewise Linear Economic-Mathematical Models with Regard to Unaccounted Factors Influence in Three-Dimensional Vector SpacePiecewise-Linear Economic-Mathematical Models with Regard to Unaccounted Factors Influence on a PlaneBases of Software for Computer Simulation and Multivariant Prediction of Economic Even at Uncertainty Conditions on the Base of N-Comp
This paper attempts to examine the dynamic relationship between economic growth, nuclear energy consumption, labor and capital for India for the period 1969-2006. Applying the bounds test approach to cointegration developed by we find that there was a short- and a long-run relationship between nuclear energy consumption and economic growth. Using four long-run estimators we also found that nuclear energy consumption has a positive and a statistically significant impact on India's economic growth. Further, applying the approach to Granger causality and the variance decomposition approach developed by , we found a positive and a significant uni-directional causality running from nuclear energy consumption to economic growth without feedback. This implies that economic growth in India is dependent on nuclear energy consumption where a decrease in nuclear energy consumption may lead to a decrease in real income. For a fast growing energy-dependent economy this may have far-reaching implications for economic growth. India's economic growth can be frustrated if energy conservation measures are undertaken without due regard to the negative impact they have on economic growth.
Marta Rey García; Luis Ignacio Álvarez González
Theoretical debate about the nature of charitable foundations has traditionally become polarized around two distinct conceptual approaches: the non-profit or third sector approach, versus the social economy approach. This research tries to find a common ground between these two approaches, and to highlight the specificities of the foundation as an organizational formula, supporting its current socio-economic relevance with latest quantitative data on the contemporary Spanish foundation sector...
This paper describes the principles, and suggests a methodology for expanding the dispatch of electrical power production systems for involving a pure minimum cost dispatch, to also include environmental objectives. The approach is qualitative in that no attempt is made as to assign a specific monetary value to environmental impacts, but rather maintaining the physical value of the impact through the decision process. However, the initial relative weights assigned to environmental impacts in the methodology are based on the many recent attempts to monetize environmental damages. The main contribution of the approach is to analyze how dispatch changes as a function of the total environmental weight, and as a function of the relative weighing of individual environmental insults, e.g., SO2, NOx and CO2. The methodology is illustrated with a sample production system involving environmental coast estimates from major US studies
The economic and schedule risks of Environmental Restoration (ER) projects are commonly analyzed toward the end of the baseline development process. Risk analysis is usually performed as the final element of the scheduling or estimating processes for the purpose of establishing cost and schedule contingency. However, there is an opportunity for earlier assessment of risks, during development of the technical scope and Work Breakdown Structure (WBS). Integrating the processes of risk management and baselining provides for early incorporation of feedback regarding schedule and cost risk into the proposed scope of work. Much of the information necessary to perform risk analysis becomes available during development of the technical baseline, as the scope of work and WBS are being defined. The analysis of risk can actually be initiated early on during development of the technical baseline and continue throughout development of the complete project baseline. Indeed, best business practices suggest that information crucial to the success of a project be analyzed and incorporated into project planning as soon as it is available and usable
A mathematical model for energetic and economic evaluation of hydroelectric projects is developed. The main advantage of the proposed methodology is that the model considers uncertainty and vagueness which appears during the decision making process. Due to modeling of variables that are non statistical in their character, fuzzy logic approach is fully incorporated in the model. The first step in energetic evaluation of the hydro power projects is determination of the characteristic of the efficiency of the units to be installed in hydro power plants. For this purpose the model which uses the best characteristics of Artificial Network Fuzzy Inference System (ANFIS) is applied. The method is tested on real systems: HPP Tikves- the power plant in operation and HPP Kozjak - the power plant in construction. The results obtained from practical implementation show that the proposed approach gives superior results than classical polynomial approximation. The model for determining the consumption characteristic of hydro power plant is developed by Sugeno Fuzzy Logic System with polynomials in the consequent part of the rules. Model takes into account the variable gross head of HPP, as well as, the number of units which will be in operation for given output. Modeling of the gross head and power output are performed by expert's design membership functions. This model is practically applied on HPP Tikves for determination of the consumption characteristic for several gross head. The plausible yearly production of electricity from hydro power project, which is important for estimation of the benefit from the project, is calculated by mixed fuzzy-statistical model. hi this approach fuzzy set of the inflow is constructed according to the statistical parameters. The calculation of the production of electricity is realized for a several hydrological conditions which are described by linguistic variables. Finally, Mamdani Fuzzy Inference System with fuzzy number in consequent part
Dynamic economic dispatch (DED) plays an important role in power system operation, which is a complicated non-linear constrained optimization problem. It has nonsmooth and nonconvex characteristic when generation unit valve-point effects are taken into account. This paper proposes a modified differential evolution approach (MDE) to solve DED problem with valve-point effects. In the proposed MDE method, feasibility-based selection comparison techniques and heuristic search rules are devised to handle constraints effectively. In contrast to the penalty function method, the constraints-handling method does not require penalty factors or any extra parameters and can guide the population to the feasible region quickly. Especially, it can be satisfied equality constraints of DED problem precisely. Moreover, the effects of two crucial parameters on the performance of the MDE for DED problem are studied as well. The feasibility and effectiveness of the proposed method is demonstrated for application example and the test results are compared with those of other methods reported in literature. It is shown that the proposed method is capable of yielding higher quality solutions
Belokrylova Olga, S.
Full Text Available It is shown that the innovative activity of universities in Russia is always accompanied by the organizational changes carried out in the framework of the concept of stage-by-stage approach – a combination of natural and subjectively rational principle and based on intra-organizational integration of all subjects of University ethos for joint decisions in the field of organizational change. The authors analyze the mission transformation of universities determined by formation of information society which now is including not only development of the human capital, but also creation of knowledge as the competitive product possessing the essential production and social importance.
Bischoff, Joerg; Hehl, Karl
Eigenvalue computation is an important part of many modal diffraction methods, including the rigorous coupled wave approach (RCWA) and the Chandezon method. This procedure is known to be computationally intensive, accounting for a large proportion of the overall run time. However, in many cases, eigenvalue information is already available from previous calculations. Some of the examples include adjacent slices in the RCWA, spectral- or angle-resolved scans in optical scatterometry and parameter derivatives in optimization. In this paper, we present a new technique that provides accurate and highly reliable solutions with significant improvements in computational time. The proposed method takes advantage of known eigensolution information and is based on perturbation method. PMID:21532698
In this and previous efforts ECON has provided economic assessment of a fusion research program. This phase of study focused on two tasks, the first concerned with the economics of fusion in an economy that relies heavily upon synthetic fuels, and the second concerned with the overall economic effects of pursuing soft energy technologies instead of hard technologies. This report is organized in two parts, the first entitled An Economic Analysis of Coproduction of Fusion-Electric Energy and Other Products, and the second entitled Arguments Associated with the Choice of Potential Energy Futures
Do, Truong Xuan; Lim, Young-Il; Jang, Sungsoo; Chung, Hwa-Jee
A hierarchical four-level approach to determine economic potential (4-level EP) is proposed for preliminary techno-economic analysis of new processes. The 4-level EP includes input/output structure, process flow structure, heat integration (HI), and economic feasibility. Two case studies on a 30.2 t/d (or 12.7 million l/yr) bioethanol plant with and without jet fuel production from palm empty fruit bunches (EFB) were investigated by applying the 4-level EP. The plant flowsheet was established based on experiments in a 0.1t/d pilot plant, including sequential dilute acid and alkali pretreatment, and separate hydrolysis and fermentation (SHF). EP approached a more reliable value through the hierarchical 4-level EP. The heating energy was reduced considerably by HI. The product value was estimated at $0.8-$1.3/kg of equivalent bioethanol. It was suggested through sensitivity analysis that a large plant size, enhanced production yields, and capital cost reduction were necessary for the lignocellulosic bioethanol production to be profitable. PMID:25898083
de Groot, Lennart
The accuracy of models describing rapid changes in the geomagnetic field over the past millennia critically depends on the availability of reliable paleointensity estimates. Over the past decade methods to derive paleointensities from lavas (the only recorder of the geomagnetic field that is available all over the globe and through geologic times) have seen significant improvements and various alternative techniques were proposed. The 'classical' Thellier-style approach was optimized and selection criteria were defined in the 'Standard Paleointensity Definitions' (Paterson et al, 2014). The Multispecimen approach was validated and the importance of additional tests and criteria to assess Multispecimen results must be emphasized. Recently, a non-heating, relative paleointensity technique was proposed -the pseudo-Thellier protocol- which shows great potential in both accuracy and efficiency, but currently lacks a solid theoretical underpinning. Here I present work using all three of the aforementioned paleointensity methods on suites of young lavas taken from the volcanic islands of Hawaii, La Palma, Gran Canaria, Tenerife, and Terceira. Many of the sampled cooling units are <100 years old, the actual field strength at the time of cooling is therefore reasonably well known. Rather intuitively, flows that produce coherent results from two or more different paleointensity methods yield the most accurate estimates of the paleofield. Furthermore, the results for some flows pass the selection criteria for one method, but fail in other techniques. Scrutinizing and combing all acceptable results yielded reliable paleointensity estimates for 60-70% of all sampled cooling units - an exceptionally high success rate. This 'multi-method paleointensity approach' therefore has high potential to provide the much-needed paleointensities to improve geomagnetic field models for the Holocene.
The economic planning problem associated to the expansion and operation of electrical power systems is considered in this study, represented for a vectorial objective function in which the minimization of resources involved and maximization of attended demand constitute goals to be satisfied. Supposing all the variables involved with linear characteristic and considering the conflict existing among the objectives to be achieved, in order to find a solution, a multi objective linearized approach is proposed. This approximation utilizes the compromise programming technique and linear programming methods. Generation and transmission are simultaneously considered into the optimization process in which associated losses and the capacity of each line are included. Illustrated examples are also presented with results discussed. (author)
This study combines qualitative and quantitative research methods to explain which factors contribute to a problem-free or problematic functioning of neighbourhoods in general and especially of Dutch neighbourhoods that were built in the first years after World War II. An important part of the book
The options available to Energy Service Companies when improving the energy performance of an existing building are often driven by short-term payback cycles. The value of a measure is based on how quickly it pays for itself. The more quickly the energy savings created by the measure exceed the cost of purchasing and installing the measure, the more comfortable the engineer feels recommending that improvement. In the best cases, the short-term approach will quickly retire the debts associated with a particular retrofit and provide a dependable, albeit limited net savings stream for the property owner. The engineer has obtained energy savings for his client. The problem with this short-term approach is that it automatically eliminates other conservation measures which, over longer time horizons, could add far more value for the customer. The installation of new, extremely energy efficient replacement windows is a case in point. During preliminary discussions with our clients, (typically Public Housing Authorities or owners of subsidized, multi-family housing), the conversation eventually turns to the issue of replacement windows. The perception is that new windows are a luxury. The decision to install new windows is driven by maintenance costs and, in some cases, resident complaints over operability or draftiness associated with the existing windows. Typically the windows are not handled as part of the mainstream energy conservation program. If the client has already installed new windows, he probably based his selection on the low bidder of a unit that has marginal thermal performance. Every property has a budget and compromises must often be made to meet budgets. The purchaser may have not gotten the Cadillac of windows, but at least he got a good deal on the window that he did buy. His maintenance problems have been solved for the near term and resident complaints have gone down, for now
House, R; McDowell, H; Peters, M; Heimlich, R
Agricultural pollution of the environment is jointly determined by economic decisions driving land use, production practices, and stochastic biophysical processes associated with agricultural production, land and climate characteristics. It follows that environmental and economic statistics, traditionally collected independently of each other, offer little insight into non-point pollutant loadings. We argue that effective policy development would be facilitated by integrating environmental and economic data gathering, combined with simulation modelling linking economic and biophysical components. Integrated data collection links economics, land use, production methods and environmental loadings. An integrated economic/biophysical modelling framework facilitates policy analysis because monetary incentives to reduce pollution can be evaluated in the context of market costs and returns that influence land use and production activity. This allows prediction of environmental and economic outcomes from alternative policies to solve environmental problems. We highlight steps taken to merge economic and biophysical modelling for policy analysis within the Economic Research Service of the United States Department of Agriculture. An example analysis of a policy to reduce agricultural nitrogen pollution is presented, with the economic and environmental results illustrating the value of linked economic and biophysical analysis. PMID:10231835
This study demonstrates a new alternative method for valorizing the natural heritage of various economically and environmentally important ecosystems. It was conducted in the Piedras Blancas, Antioquia watershed and considered the degree of conservation of the area and its capacity for supporting humans, by means of extractive economic activities. In this way the ecosystem itself provides a natural offer of goods and services and therefore a good approximation of its economic value
Highlights: • Environmental/economical scheduling of energy and reserve. • Simultaneous participation of loads in both energy and reserve scheduling. • Aggregate wind generation and demand uncertainties in a stochastic model. • Stochastic scheduling of energy and reserve in a distribution system. • Demand response providers’ participation in energy and reserve scheduling. - Abstract: In this paper a stochastic multi-objective economical/environmental operational scheduling method is proposed to schedule energy and reserve in a smart distribution system with high penetration of wind generation. The proposed multi-objective framework, based on augmented ε-constraint method, is used to minimize the total operational costs and emissions and to generate Pareto-optimal solutions for the energy and reserve scheduling problem. Moreover, fuzzy decision making process is employed to extract one of the Pareto-optimal solutions as the best compromise non-dominated solution. The wind power and demand forecast errors are considered in this approach and the reserve can be furnished by the main grid as well as distributed generators and responsive loads. The consumers participate in both energy and reserve markets using various demand response programs. In order to facilitate small and medium loads participation in demand response programs, a Demand Response Provider (DRP) aggregates offers for load reduction. In order to solve the proposed optimization model, the Benders decomposition technique is used to convert the large scale mixed integer non-linear problem into mixed-integer linear programming and non-linear programming problems. The effectiveness of the proposed scheduling approach is verified on a 41-bus distribution test system over a 24-h period
Highlights: → We proposed a fast method to get feasible solution and avoid futile search. → The method dramatically improves search efficiency and solution quality. → Applied to solve constrained ED problems of power systems with 6 and 15 unit. → Superiority of this method in both aspects of financial and CPU time is remarkable. - Abstract: This paper proposes a new approach and coding scheme for solving economic dispatch problems (ED) in power systems through an effortless hybrid method (EHM). This novel coding scheme can effectively prevent futile searching and also prevents obtaining infeasible solutions through the application of stochastic search methods, consequently dramatically improves search efficiency and solution quality. The dominant constraint of an economic dispatch problem is power balance. The operational constraints, such as generation limitations, ramp rate limits, prohibited operating zones (POZ), network loss are considered for practical operation. Firstly, in the EHM procedure, the output of generator is obtained with a lambda iteration method and without considering POZ and later in a genetic based algorithm this constraint is satisfied. To demonstrate its efficiency, feasibility and fastness, the EHM algorithm was applied to solve constrained ED problems of power systems with 6 and 15 units. The simulation results obtained from the EHM were compared to those achieved from previous literature in terms of solution quality and computational efficiency. Results reveal that the superiority of this method in both aspects of financial and CPU time.
This study combines qualitative and quantitative research methods to explain which factors contribute to a problem-free or problematic functioning of neighbourhoods in general and especially of Dutch neighbourhoods that were built in the first years after World War II. An important part of the book is about the development of measuring instruments. Special attention is given to the development of a risk scale that offers researchers and policymakers the opportunity to distinguish on a metric ...
Starting in 1991, the French and German cooperation led to common work based on the experience of the two designers FRAMATOME and SIEMENS KWU with all their know how, the most important utilities in France and Germany operating NPP and the technical supports of the Licensing Authorities GRS and IPSN. The conclusion of that work was the issue in November 1997 and February 1999 respectively of two Basic Design reports for a European Pressurized Reactor (EPR) with a power of 4250 MWth and 4900 MWth. The Basic Design approach was led under two key items: Enhancement of the overall safety level by implementation of design measures to: make the plant less dependant to common cause failures; practically eliminate all high pressure core melt sequences which could lead to important radioactive releases to the environment; implement specific systems to face severe accident situation with low-pressure core melt. Use of the many years of experiences in two different nuclear designs is to reach an overall availability figure over 91%, partly due to design improvements on the safety level. With such an objective, demonstrated by feedback of experience on already operating plants, the EPR project can be proposed as a competitive alternative to the most recent fossil plants. (author)
Cutler, David M; Jessup, Amber I; Kenkel, Donald S; Starr, Martha A
The question of how to evaluate lost consumer surplus in benefit-cost analyses has been contentious. There are clear health benefits of regulations that curb consumption of goods with health risks, such as tobacco products and foods high in fats, calories, sugar, and sodium. Yet, if regulations cause consumers to give up goods they like, the health benefits they experience may be offset by some utility loss, which benefit-cost analyses of regulations need to take into account. This paper lays out the complications of measuring benefits of regulations aiming to curb consumption of addictive and habitual goods, rooted in the fact that consumers' observed demand for such goods may not be in line with their true preferences. Focusing on the important case of tobacco products, the paper describes four possible approaches for estimating benefits when consumers' preferences may not be aligned with their behavior, and identifies one as having the best feasibility for use in applied benefit-cost analyses in the near term. PMID:27102854
Full Text Available The investment takes the form of sums of money spent for the acquisition of capital goods, changes in business inventories, and the purchases of new residential housing that are not currently consumed, but will be used in the future for the growth of the wealth. The work covered by this study aims to identify the model that presents, in the best possible way, the method of investment’s calculation and to determine the factors of influence. In the first part, the investment is analyzed as a linear function dependent on the interest rate; and the second part implies a new model for determining long-term investments.
"This paper proposes a socio-psychological approach for empirical research into the influence of civil society contexts on the practices of individual economic actors. This methodological approach is based on social theories that explicitly take into account the link between structure and agency, and the paper explains how such framework can be utilised in qualitative interview-based studies. To illustrate the usefulness of such socio-psychological approach, the paper reports on the findings ...
This paper presents the design overview and approach to addressing the aforementioned economic challenges for two Advanced BWR designs. The first plant is the ABWR and the second is the ESBWR. The ABWR relies on proven technology and components and an extensive infrastructure that has been built up over the last 20 years. Because it has proven and standards safety systems it has very limited uncertainty regarding licensing. Finally, it relies on the economies of scale and overall design flexibility to improve the overall economics of power generation. The ESBWR on the other hand has taken an innovative approach to reduce systems and components to simplify the overall plant to improve plant economics. The overall plant design is indeed simpler, but improved economics required reliance on some economies of scale also. This design embodied in the ESBWR, also has minimized the overall development cost by utilizing features and components from the ABWR and SBWR technology programs
Zandersen, Marianne; Bartczak, Anna; Czajkowski, Mikołaj;
The aim of this guidance document is to provide forest practitioners, decision makers and forest owners insights into the various economic instruments available to enhance the non-market ecosystem provision of forests such as a high quality biodiversity; enhanced carbon sequestration; improved...... with ecosystem degradation and iii) by recognising the substantial economic and welfare benefits of better management of ecosystems in forests. Ecosystem services contribute to economic welfare in two ways: • by contributing to the generation of income and wellbeing; and • by preventing damages that...... initiatives it is therefore essential to consider trade offs and synergies between the complex interplay between ecosystem goods and services within an ecosystem,...
Roman Michailovich Kachalov
Full Text Available Prospects of the methods of the analysis and improvement of quality of governance the socio-economic systems application, based conceptual provisions of the system theory of economics, multilevel stratification of the economic space and the operational economical risk management theory are considered. For mesoeconomics, the types of system resources of the economy are defined. Also, it is analyses the influence on the quality of governance socio-economic region development the disparity of different types of system economical resources. Potential possibilities of the improvement of quality of governance due to thinner stratification of economical space and improvement the interaction parameters of the main actors of regional economic space are revealed. Leaning on the operational theory of risk management, ways of justification of administrative, strategic decisions by identification of the relevant economic risk factors and on the basis of received information development the program of anti-risk measures are offered. The methodical solutions promoting successful introduction of considered tools in practice of regional government are proposed.
Eu.V. Mishenin; I.I. Koblianska
The aim of the article. The article highlights the lack of effectiveness of existing system of education management in Ukraine from its basic function performance – to satisfy the needs of social and economic system of human resources, according to the required quantity, quality, educational culture, right place and time with the lowest public costs. The results of the analysis. The article is focused on the forming of organizational and economic bases of the use of logistic approach in th...
The self-employment rate includes entrepreneurs out of opportunity and entrepreneurs out of necessity. While the effect of opportunity entrepreneurs on economic development should be positive, there should be no or a negative effect of necessity entrepreneurship. We use a geographically weighted regression (GWR) approach to analyze whether the effect of self-employment on economic development is heterogeneous across European NUTS-2 regions. We find that regions having a significant positive e...
Hoikkanen, Anssi; Bacigalupo, Margherita; Lusoli, Wainer; Maghiros, Ioannis; Nikolov, Stavri
This paper discusses the economics of electronic identity (eIdentity) from both theoretical and practical perspectives. Personal identity data are becoming increasingly important in online transactions, and they have never been monetised to the extent they are today. Consequently, there is a need for an improved understanding of the economic externalities resulting from the electronic use of identities in transactions. In this context, we distinguish four main theoretical approaches for under...
Niyato, D.; Lu, X.; Wang, P.; Kim, D I; Han, Z.
Internet of things (IoT) has been proposed to be a new paradigm of connecting devices and providing services to various applications, e.g., transportation, energy, smart city, and healthcare. In this paper, we focus on an important issue, i.e., economics of IoT, that can have a great impact to the success of IoT applications. In particular, we adopt and present the information economics approach with its applications in IoT. We first review existing economic models developed for IoT services....
Full Text Available There are several ways of using logging residues, and the two most common ones in the State Forests are wood chip production for energy purposes by mobile machinery and crushing by tractor-powered crushers. In this research, an economy-based approach was used to compare these methods and assess whether chip production is superior to crushing for clearing a felling area. The average revenues from the sale of wood biomass in the form of wood chips and the average costs of crushing in the Pomorze Forest District were analysed for the period from January 2012 until June 2014. Both revenues and costs (such as fuel, operator’s wage, piling costs, depreciation, insurance and garaging costs were extracted from the State Forests’ database using data-mining software.
Full Text Available John Dewey is one of the most significant figures in pragmatist philosophy, an approach which he systematically applied to the study of economic, social and cultural structure. In our work, we will focus on the main aspects of Dewey’s approach to the study of aspects that make up “human nature” and how do they interact with the characteristics of the cultural context. We will illustrate how the concepts elaborated by Dewey can contribute to the heterodox analysis of a host of economic and social issues. Dewey highlights the crucial role of public policies for facilitating the development of volunteer associations in all areas of the social structure. In the analysis of these aspects, Dewey’s key contribution lies in removing the concepts of democracy and participation from the limbo of abstraction in which they tended to be confined by previous approaches and connecting them to the evolution of economic and social forms.
Full Text Available Thorstein Veblen, a founder of original or old institutional economics, combined social and evolutionary thought in his institutionalist approach to dealing with psychological, social, and economic issues. The psychological content of Veblen's writings takes instinct and habits into consideration. The economic literature on the psychological content of Veblen's writings has focused on habits, despite the importance of instincts in Veblen's works. This paper attempts to discuss Veblen's notion of instincts in order to make its role clearer in his approach to conspicuous consumer decision making. It discusses the role of instincts, the instinct of workmanship, the relationship between habits and instincts, and their influence on the conspicuous consumer. Consequently, this paper contributes to a better understanding of how inner forces and socialization culminate in behavior in Veblen's conspicuous consumer approach.
There are no current markets for the management and restoration of natural streams. However, economic elements tend to play an increasingly important role when it comes to decisions about river management activities. Although preference structures of market consumers can be analyzed using prices, there are several short-comings in using this technique for goods with no or an insufficient market. This is especially true for 'natural streams'. The non-existence of market prices for goods or their parts does not mean that they do not have a value or that there is no preference structure for them. After an introductory discussion of ethical and value issues, specific methods for evaluating and analyzing the willingness-to-pay for natural streams and theirs restoration are developed further. Using direct interview techniques, locals in three different watersheds in Upper Austria are ask for their preferences and social pricing of natural streams and river management options. The areas the interviews were conducted in, represent a watershed dominated by intensive agricultural and residential uses, another watershed typical for a rural community and a third representing a watershed of a relatively pristine river of the Northern Alpine limestone range mainly used by forestry and tourism. Demographic data, eco-morphological stream characteristics and preferences of the interviewed about elements of a natural stream, user and non-user values were linked and analyzed. The results of a personal interviewing technique conducted in these watersheds showed to be capable to capture the preference structure in small watersheds and may offer some help for decision-making concerning river management issues. (author)
Modern society is characterised not only by a fascination with scientific technology as a means of solving all problems, especially those that stand in the way of material progress (technicism), but also by an obsessive interest in everything that has to do with money (economism or mammonism). The article discusses the relationship between technicism and economism, on the basis of their relationship to utilitarian thinking: the quest for the greatest happiness for the greatest number of peopl...
Kirshen, Paul H.; Strzepek, Kenneth, M.
demands to river basins to create hydro-economic zones that respect as much as possible both political and hydrologic integrity in different models. - To minimize pre-processing of data and add increased flexibility to modeling water resources and uses, it is recommended that water withdrawal demands be modeled, not consumptive requirements even though this makes the IAM more complex. - IAMs must consider changes in water availability for irrigation under climate change; ignoring them is more inaccurate than ignoring yield changes in crops under climate change. - Determining water availability and cost in river basins must include modeling streamflows, reservoirs and their operations, and ground water and its interaction with surface water. - Scale issues are important. The results from condensing demands and supplies in a large complex river basin to one node can be misleading for all uses under low flow conditions and instream flow uses under all conditions. Monthly is generally the most accurate scale for modeling river flows and demands. Challenges remain in integrating hydrologic units with political boundaries but the gridded approach to hydrologic modeling allows flexibility in aligning basin boundaries with political boundaries. - Using minimal reservoir cost data, it is possible to use basin topography to estimate reservoir storage costs. - Reservoir evaporation must be considered when assessing the usable water in a watershed. Several methods are available to estimate the relationship between aggregated storage surface area and storage volume. - For existing or future IAMs that can not use the appropriate aggregation for water, a water preprocessor may be required due the finer scale of hydrologic impacts.
Bhat; Bergstrom; Teasley; Bowker; Cordell
/ This paper describes a framework for estimating the economic value of outdoor recreation across different ecoregions. Ten ecoregions in the continental United States were defined based on similarly functioning ecosystem characters. The individual travel cost method was employed to estimate recreation demand functions for activities such as motor boating and waterskiing, developed and primitive camping, coldwater fishing, sightseeing and pleasure driving, and big game hunting for each ecoregion. While our ecoregional approach differs conceptually from previous work, our results appear consistent with the previous travel cost method valuation studies.KEY WORDS: Recreation; Ecoregion; Travel cost method; Truncated Poisson model PMID:9419285
Kümmel, Reiner; Ayres, Robert U.; Lindenberger, Dietmar
Energy plays only a minor role in orthodox theories of economic growth, because standard economic equilibrium conditions say that the output elasticity of a production factor, which measures the factor's productive power, is equal to the factor's share in total factor cost. Having commanded only a tiny cost share of about 5 percent so far, energy is often neglected altogether. On the other hand, energy conversion in the machines of the capital stock has been the basis of industrial growth. How can the physically obvious economic importance of energy be reconciled with the conditions for economic equilibrium, which result from the maximization of profit or overall welfare? We show that these equilibrium conditions no longer yield the equality of cost shares and output elasticities, if the optimization calculus takes technological constraints on the combinations of capital, labor, and energy into account. New econometric analyses of economic growth in Germany, Japan, and the USA yield output elasticities that are for energy much larger and for labor much smaller than their cost shares. Social consequences are discussed.
Wachenheim, Cheryl J.
This work was published in the Review of Agricultural Economics. See Wachenheim, C.J. 2009. Final Exam Scores in Introductory Economics Courses: Effect of Course Delivery Method and Proctoring. Review of Agricultural Economics 31(3), pp. 640-652.
This paper presents a state of the art of operations research techniques applied in petroleum allocation, namely mathematical programming methods, with principal attention directed toward linear programming and nonlinear programming (including quadratic programming). Contributions to the economics of petroleum allocation are discussed for international trade, industrial organization, regional/macro economics, public finance and natural resource/environmental economics
Decisions to produce and consume useful forms of energy will better reflect society's desire for environmental quality by internalizing the external costs of production. Internalization of external environmental costs may significantly affect decisions regarding selection of the type of the energy system for a particular application, as well as the design and operation of the system. In the present work, main classes of economic approaches for environmental protection are presented and critically reviewed. A procedure is proposed in order to take into consideration the environmental impacts in the economic analysis of energy systems. The analytical formulation of the procedure is followed by a numerical example. Application of the method reveals the critical values of environmental penalties that result in a break-even operation of the particular system. Also, it is shown that the proposed procedure can be used as a proxy method to calculate environmental externalities for a particular system in a given environment. In addition, by assessing the unit cost of reducing pollutants by abatement technologies, the method can turn into a useful tool at the hands of those seeking for a sound basis to set environmental charges and incentives. If, on the other hand, the environmental and social cost of a pollutant is known, then the method can be used to reveal the type and level of the incentive that the national economy would be willing to provide. 17 refs, 3 figs, 2 tabs
Local approach methods have evolved from damage mechanics models to means of providing quantified estimates of material failure behavior under various rupture mechanisms. High emphasis has been given to cleavage initiation, usually considered to induce the most profound risks to structural integrity. Overall, research has lately focused on comprehending the micromechanical background of ductile and brittle failure models and evaluation of their performance. The results have demonstrated that the promise of material parameter and failure evaluation transferability can be met, even though developments within the material models themselves are required. Current paper presents the latest results attained with respect to fracture behavior in the ductile to brittle transition and upper shelf temperature regions. (orig.)
Claudio Lupi; Patrizia Ordine
In this paper we show that phase-scrambling bootstrap offers a natural framework for asymmetry testing in economic time series. A comparison with other bootstrap schemes is also sketched. A Monte Carlo analysis is carried out to evaluate the size and power properties of the phase-scrambling bootstrap-based test.
Sprigg, James A.; Pryor, Richard J.; Jorgensen, Craig Reed
We are extending the existing features of Aspen, a powerful economic modeling tool, and introducing new features to simulate the role of confidence in economic activity. The new model is built from a collection of autonomous agents that represent households, firms, and other relevant entities like financial exchanges and governmental authorities. We simultaneously model several interrelated markets, including those for labor, products, stocks, and bonds. We also model economic tradeoffs, such as decisions of households and firms regarding spending, savings, and investment. In this paper, we review some of the basic principles and model components and describe our approach and development strategy for emulating consumer, investor, and business confidence. The model of confidence is explored within the context of economic disruptions, such as those resulting from disasters or terrorist events.
Journal rankings based on citation indexes are widely used in the economics field for global top journals. We propose an alternative way to rank journals based on the publishing behavior of top ranked authors. We justify this approach by depicting the scientific publishing market as following a matching process. Compared to the citation approach, the methodology that we propose has comparative advantages in terms of time effort to produce national and subdiscipline rankings, and it makes it p...
Sandal, Leif Kristoffer; Berge, Gerhard
Dynamic optimization problems covers a great class of problems in management science and technology. The classical problem formulations being the variational approach as in classical mechanics, like Hamilton's principle and the optimal control theory in economics as the Pontryagin's maximum principle. In this account we start with a general problem formulation as an alternative to an approach based on solving differential equations. We focus on creating an analytical environment aimed at deri...
Two methods for evaluating the economic competitive ability of different type power stations are introduced which are: (1) Present method used in China; and (2) International prevailing method (UNIPEDE). A nuclear power station and a coal-fired power station with typical comparable parameters were selected to calculate their economic characterictics by using these two methods. Results obtained show opposite conclusions from these two methods. Analysis indicated that UNIPEDE method is a scientific and impartial one and it is suggested to use UNIPEDE method in evaluating the economic competitive ability of different type power stations in China
Full Text Available Central Bank of Indonesia with dual banking system – i.e Shariah and Conventional Bank – keep on developing system that considered as an answer to generate the national economic growth. One of the banking activities that emphasized by the Central Bank of Indonesia is fund distribution through either conventional bank credit or shariah bank fi nancing. Having the Experimental Economic Approach based on Induced Value Theory and employing ANOVA, this paper found that shariah bank musharakah fi nancing system would come up with higher profi t opportunity compare to conventional credit system. One main reason is that musharakah fi nancing in shariah bank applies profi t and lost sharing (PLS scheme so that will not be a burden to the customer when he fi nd low profi t.Keywords: Credit Loan, Musharakah Financing, Induced Value Theory, Experimental Economic Approach, Analysis of Variance (ANOVA.
Simbotin, I.; Shu, D.; Côté, R.
We have uncovered a linear equation for the envelope function--fully equivalent with the original non-linear equation of Milne's--and have implemented a highly accurate and efficient numerical method for computing the envelope and the associated phase. Consequently, we obtain a high precision parametrization of the wavefunction, within a very economical approach. The key ingredients are: (i) straightforward optimization for smoothness, and (ii) Chebyshev polynomials as the workhorse for solving integro/differential equations. The latter also give a built-in interpolation, and allow for developing numerical tools that are robust, accurate, and convenient. Partial support from the US Army Research Office (Grant No. W911NF-13-1-0213), and from NSF (Grant No. PHY-1415560).
A computer code has been developed to evaluate the potential economic losses caused by a dam failure. The approach is based largely on the dual kriging technique which is a geostatistical method developed for mining applications. It can be used to interpolate the value of a given property based on the value of the same property specified at various experimental points. Kriging techniques are first used to define the natural ground model based on available information. This can be either contour lines digitized from existing maps, bathymetric cross sections or survey data. The terrain model is then used to generate the cross sections required for hydraulic analysis. The simulation of the flooding process resulting from the failure of an upstream dam can be performed using the National Weather Service Dambreak Flood Forecasting Model. The resulting one dimensional water profile is extended laterally to obtain the water surface for each time step. The extension of the flooded area is easily determined by calculating the intersection of the ground surface with the water surface. The evolution of the flooded area with time can be used to set up an emergency evacuation plan. Economic losses are evaluated by mapping property values as thematic information in the data base. The intensity of damage is calculated as a function of water velocity and depth, and economic losses are determined by integrating this over the flooded area weighted by the intensity of the damage. 8 refs., 4 figs., 4 tabs
Full Text Available This article tries to show that there are alternative approaches to the economic theory, besides the well-known economic schools, Classicism, Neoclassicism and Keynesianism. The neoclassical principles allow a formalization – widely accepted by experts – that provide effective tools for measuring the effects of the economic activity. The economic science pays a special attention to the study of the economic agents’ behaviors, and to the economic results obtained by them through economic activity. Any human science uses principles and works with assumptions, and the neoclassical assumptions have generated efficient tools for quantifying the economic outcomes, and for accounting the economic growth. But these hypothesis, such as the assumption of economic agents’ rationality, allow a very limited understanding of the behaviors of economic agents within the markets. The recent invention of the Nuclear Magnetic Resonance device, allowed the emrgence of a new scientific paradigm, the development of neurosciences. Researchers can observe at a high level of graphic detail various types of activities that occur in the human brain, and some economists have introduced in the study of the economic theory, for example, the assumption that the consumer is driven by emotions when purchasing quantities of goods and services. So, economists may look for additional theories to explain the behavior of the economic agents. An increasingly importance is given to the theoretical contributions built on the work of the economist Joseph Alois Schumpeter, who has an original economic approach based on his own principles. It is proposed to focus the attention on a mesoeconomic vision about the industry, to understand how resources are being allocated and reallocated between companies, and to study the economic processes of evolution, which are influenced by the emergence and dissemination of the innovations. It is supposed that the price is allocating the
Three-dimensional seismic surveys, designed to meet exploration requirements, were conducted in 465 OCS blocks in the Gulf of Mexico, primarily in the deep-water Flexure trend. The geology is very complex, with both salt-induced structures and structures similar to the Rocky Mountain Overthrust belt. To avoid the prohibitive costs in collecting 3-D seismic data at a spatial sample rate required to image the wide range of dips, interpolation methods, based on pattern recognition techniques, were used with a relatively sparsely sampled data collection grid. Within limits, the method is capable of interpolating both crossing and aliased seismic events. The economic impact of this approach is significant because it essentially reduces the cost of 3-D acquisition to the level normally associated with detailed 2-D surveying. However, the familiar benefits of 3-D migration are retained. Using interactive interpretation systems, the results are presented as a comprehensive series of time and event amplitude maps for structural and preliminary stratigraphic mapping. Regional amplitude maps illustrate a combination of structural, stratigraphic, and other geologic phenomena. In addition to conventional structural mapping, the 3-D data may be used to assist in understanding the salt growth history, especially its effect on sedimentation and hydrocarbon potential. It may provide a significant link between regional geology work and the detailed analysis required to develop drillable prospects.
Flégl, Martin; Vltavská, Kristýna
The paper evaluates research and teaching efficiency at faculties of economics in the public higher education institutions in the Czech Republic. Evaluation is provided in two periods between the years 2006-2010 and 2007-2011. For this evaluation the Data Envelopment Analysis and Index approach are used. Data Envelopment Analysis measures research…
King, Dominic; Greaves, Felix; Vlaev, Ivo; Darzi, Ara
Policies that change the environment or context in which decisions are made and "nudge" people toward particular choices have been relatively ignored in health care. This article examines the role that approaches based on behavioral economics could play in "nudging" providers and patients in ways that could slow health care spending growth. The basic insight of behavioral economics is that behavior is guided by the very fallible human brain and greatly influenced by the environment or context in which choices are made. In policy arenas such as pensions and personal savings, approaches based on behavioral economics have provided notable results. In health care, such approaches have been used successfully but in limited ways, as in the use of surgical checklists that have increased patient safety and reduced costs. With health care spending climbing at unsustainable rates, we review the role that approaches based on behavioral economics could play in offering policy makers a potential set of new tools to slow spending growth. PMID:23569045
Putney, Z.; Been, J.
This paper discusses a commercial approach to the design and fabrication of an economical space power system. With the advent of the space shuttle, steps can be taken to back away from the presently used space qualified approach in order to reduce cost of space hardware by incorporating, where possible, commercial design, fabrication, and quality assurance methods. Cost reductions are projected through the conceptual design of a 2 kW space power system built with the capability for having serviceability. The approach to system costing that has been used takes into account both the constraints of operation in space and commercial production engineering approaches. The cost of this power system reflects a variety of cost/benefit tradeoffs that would reduce system cost as a function of system reliability requirements, complexity, and the impact of rigid specifications. A breakdown of the system design, documentation, fabrication and reliability and quality assurance cost estimates are detailed.
Lybbert, Travis J.; Nikolas J. Zolas
International technological diffusion is a key determinant of cross-country differences in economic performance. While patents can be a useful proxy for innovation and technological change and diffusion, fully exploiting patent data for such economic analyses requires patents to be tied to measures of economic activity. In this paper, we describe and explore a new algorithmic approach to constructing concordances between the International Patent Classification (IPC) system that organizes pate...
The aim of this paper is to re-examine the relationship between electricity consumption, economic growth, and employment in Portugal using the cointegration and Granger causality frameworks. This study covers the sample period from 1971 to 2009. We examine the presence of a long-run equilibrium relationship using the bounds testing approach to cointegration within the Unrestricted Error-Correction Model (UECM). Moreover, we examine the direction of causality between electricity consumption, economic growth, and employment in Portugal using the Granger causality test within the Vector Error-Correction Model (VECM). As a summary of the empirical findings, we find that electricity consumption, economic growth, and employment in Portugal are cointegrated and there is bi-directional Granger causality between the three variables in the long-run. With the exception of the Granger causality between electricity consumption and economic growth, the rest of the variables are also bi-directional Granger causality in the short-run. Furthermore, we find that there is unidirectional Granger causality running from economic growth to electricity consumption, but no evidence of reversal causality. - Highlights: → We re-examine the relationship between electricity consumption, economic growth, and employment in Portugal. → The electricity consumption and economic growth is causing each other in the long-run. → In the short-run, economic growth Granger-cause electricity consumption, but no evidence of reversal causality. → Energy conservation policy will deteriorate the process of economic growth in the long-run. → Portugal should increase investment on R and D to design new energy savings technology.
Chernov, Vladimir; Oleksandr DOROKHOV; Liudmyla DOROKHOVA
The article discusses the widely used classic method of analysis, forecasting and decision-making in the various economic problems, called SWOT analysis. As known, it is a qualitative comparison of multicriteria degree of Strength, Weakness, Opportunity, Threat for different kinds of risks, forecasting the development in the markets, status and prospects of development of enterprises, regions and economic sectors, territorials etc. It can also be successfully applied to the eva...
Barkley, David L.; Henry, Mark S.
An industry cluster is a geographically bounded collection of similar and/or related firms that together create competitive advantages for member firms and the local economy. The targeting of economic development programs at industry clusters provides three principal advantages: multiplier effects are stronger, employment growth potential is enhanced, and new firm spin-offs are promoted. The Clemson University Regional Economic Development Research Laboratory (REDRL) targeting method uses a s...
Ioana Alexandra HORODNIC
Evaluation of scientific research is crucial, however, although numerous studies have been conducted in this area, it is not easy to measure academic productivity/ performance. The most important perspective in measuring the productivity/ performance comes from the economic field, where it is the ratio between outputs and inputs for a particular product. This article aims to address the most important elements to be considered in the measurement of scientific research: types of indicators, qu...
This study aims to determine the economic order quantity (EOQ), safety stock, reorder point, and the total cost of raw material inventory (paper) at Harian Tribun Timur Makassar. The data used in this study consisted of qualitative and quantitative primary and secondary data related to the supply of paper as the company???s critical raw material. Primary data were obtained through direct observation and interviews with various stakeholders. Secondary data obtained from document...
Language teaching has a long,fascinating,but rather tortuous history.(Stern,1984) For over a century,there have been.many methods and approaches in language teaching.This article is mainly focused on three methods and approaches:the Grammar-translation Method;the Direct Method and Audio-lingual Approach and the Com-municative Approach.First We will define"method"and"approach",and then we will focus on the main character-istics.advantages and limitations of each method or approach.
Blin, Myriam; Siegman, Karin Astrid
Assumptions applied in Orthodox Economic methods are criticised for being an inadequate depiction of reality. This is particularly the case from the perspective of Feminist Economics. Gender biases are reflected in the quantitative data sources and methods commonly applied for economic research. These include male biases in statistical data, a focus on outcomes rather than processes as well as the neglect of reproductive work and its interaction with market work. To overcome these problems...
Karin Astrid Siegmann; Myriam Blin
Assumptions applied in Orthodox Economic methods are criticised for being an inadequate depiction of reality. This is particularly the case from the perspective of Feminist Economics. Gender biases are reflected in the quantitative data sources and methods commonly applied for economic research. These include male biases in statistical data, a focus on outcomes rather than processes as well as the neglect of reproductive work and its interaction with market work. To overcome these problems, t...
Kim, Hakkwan; Parajuli, Prem B.; Yu, Fei; Columbus, Eugene P.
Economic analysis and modeling are essential and important issues for the development of current feedstock and process technology for bio-gasification. The objective of this study was to develop an economic model and apply to predict the unit cost of syngas production from a micro-scale bio-gasification facility. An economic model was programmed in C++ computer programming language and developed using a parametric cost approach, which included processes to calculate the total capital costs and the total operating costs. The model used measured economic data from the bio-gasification facility at Mississippi State University. The modeling results showed that the unit cost of syngas production was $1.217 for a 60 Nm-3 h-1 capacity bio-gasifier. The operating cost was the major part of the total production cost. The equipment purchase cost and the labor cost were the largest part of the total capital cost and the total operating cost, respectively. Sensitivity analysis indicated that labor costs rank the top as followed by equipment cost, loan life, feedstock cost, interest rate, utility cost, and waste treatment cost. The unit cost of syngas production increased with the increase of all parameters with exception of loan life. The annual cost regarding equipment, labor, feedstock, waste treatment, and utility cost showed a linear relationship with percent changes, while loan life and annual interest rate showed a non-linear relationship. This study provides the useful information for economic analysis and assessment of the syngas production using a modeling approach.
Odhiambo, Nicholas M. [Economics Department, University of South Africa (UNISA), P.O. Box 392, UNISA, 0003, Pretoria (South Africa)], E-mail: email@example.com
In this paper, we examine the intertemporal causal relationship between energy consumption and economic growth in Tanzania during the period of 1971-2006. Unlike the majority of the previous studies, we employ the newly developed autoregressive distributed lag (ARDL)-bounds testing approach by Pesaran et al. [2001. Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics 16, 289-326] to examine this linkage. We also use two proxies of energy consumption, namely total energy consumption per capita and electricity consumption per capita. The results of the bounds test show that there is a stable long-run relationship between each of the proxies of energy consumption and economic growth. The results of the causality test, on the other hand, show that there is a unidirectional causal flow from total energy consumption to economic growth and a prima-facie causal flow from electricity consumption to economic growth. Overall, the study finds that energy consumption spurs economic growth in Tanzania.
In this paper, we examine the intertemporal causal relationship between energy consumption and economic growth in Tanzania during the period of 1971-2006. Unlike the majority of the previous studies, we employ the newly developed autoregressive distributed lag (ARDL)-bounds testing approach by Pesaran et al. [2001. Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics 16, 289-326] to examine this linkage. We also use two proxies of energy consumption, namely total energy consumption per capita and electricity consumption per capita. The results of the bounds test show that there is a stable long-run relationship between each of the proxies of energy consumption and economic growth. The results of the causality test, on the other hand, show that there is a unidirectional causal flow from total energy consumption to economic growth and a prima-facie causal flow from electricity consumption to economic growth. Overall, the study finds that energy consumption spurs economic growth in Tanzania
Odhiambo, Nicholas M. [Economics Department, University of South Africa (UNISA), P.O. Box 392, UNISA, 0003, Pretoria (South Africa)
In this paper, we examine the intertemporal causal relationship between energy consumption and economic growth in Tanzania during the period of 1971-2006. Unlike the majority of the previous studies, we employ the newly developed autoregressive distributed lag (ARDL)-bounds testing approach by Pesaran et al. [2001. Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics 16, 289-326] to examine this linkage. We also use two proxies of energy consumption, namely total energy consumption per capita and electricity consumption per capita. The results of the bounds test show that there is a stable long-run relationship between each of the proxies of energy consumption and economic growth. The results of the causality test, on the other hand, show that there is a unidirectional causal flow from total energy consumption to economic growth and a prima-facie causal flow from electricity consumption to economic growth. Overall, the study finds that energy consumption spurs economic growth in Tanzania. (author)
Availability of and access to useful energy is a crucial factor for maintaining and improving human well-being. Looming scarcities and increasing awareness of environmental, economic, and social impacts of conventional sources of non-renewable energy have focused attention on renewable energy sources, including biomass. The complex interactions of social, economic, and ecological factors among the bioenergy system components of feedstock supply, conversion technology, and energy allocation have been a major obstacle to the broader development of bioenergy systems. For widespread implementation of bioenergy to occur there is a need for an integrated approach to model the social, economic, and ecological interactions associated with bioenergy. Such models can serve as a planning and evaluation tool to help decide when, where, and how bioenergy systems can contribute to development. One approach to integrated modeling is by assessing the sustainability of a bioenergy system. The evolving nature of sustainability can be described by an adaptive systems approach using general systems principles. Discussing these principles reveals that participation of stakeholders in all components of a bioenergy system is a crucial factor for sustainability. Multi-criteria analysis (MCA) is an effective tool to implement this approach. This approach would enable decision-makers to evaluate bioenergy systems for sustainability in a participatory, transparent, timely, and informed manner
The study probes cointegration and causality between carbon emissions and economic growth for India using ARDL bounds testing approach complemented by Johansen-Juselius maximum likelihood procedure in a multivariate framework by incorporating energy supply, investment and employment for time span 1971-2006. The study fails to establish long-run equilibrium relationship and long term causality between carbon emissions and economic growth; however, there exists a bi-directional short-run causality between the two. Hence, in the short-run, any effort to reduce carbon emissions could lead to a fall in the national income. This study also establishes unidirectional short-run causality running from economic growth to energy supply and energy supply to carbon emissions. The absence of causality running from energy supply to economic growth implies that in India, energy conservation and energy efficiency measures can be implemented to minimize the wastage of energy across value chain. Such measures would narrow energy demand-supply gap. Absence of long-run causality between carbon emissions and economic growth implies that in the long-run, focus should be given on harnessing energy from clean sources to curb carbon emissions, which would not affect the country's economic growth.
Full Text Available In this paper, we investigate the impact of tax composition on economic growth, based on a panel-model approach. The dataset includes six East-European countries and covers the period 1995-2012. Specifically, the study explores the relative impact of different components of tax revenue (direct and indirect tax revenue, as percentage of total tax revenue on economic growth. The paper adds marginally to the empirical literature, showing how the two types of tax revenue influence economic growth in Eastern Europe, under an extended set of economic and sociopolitical control variables. The most important empirical output, for the 6 investigated East-European countries during 1995-2012, suggests that direct taxes are significant and negatively correlated with economic growth, while indirect taxes exert a positive influence on the dependent variable, though insignificant. As for the control variables, it seems that only freedom from corruption and political stability have a significant impact on economic growth. The study suggests that the design of tax systems in Eastern European countries is in accordance with the Commission’s priorities regarding its growth-friendliness. As for policy implications, governments should continue shifting the tax burden away from labour on to tax bases linked to consumption, property, and combating pollution, with potential positive effects both for growth and for fighting against tax evasion.
GROOM, Ben; Koundouri, Phoebe
In this chapter a ÃƒÂ¢ïÂ¿Â½ïÂ¿Â½watershed economics approachÃƒÂ¢ïÂ¿Â½ïÂ¿Â½ that could be applied in Cyprus is proposed which is composed of two important stages. In Stage I economic valuation techniques are used to establish the economic value of the competing demands for surface and groundwater, incorporating where necessary an analysis of water quality. The valuation exercise allows the objective balancing of demands based upon the equi-marginal principle to achieve economic efficiency. In ...
Full Text Available This paper describes new approaches to social and economic research being developed by the Social and Economic Research component of the Special Programme for Research and Trainning in Tropical Diseases of the World Health Organization. One of these is a study to acess the possibility of identifying high risk communities for urinary schistosomiasis through a "mailed"questionaire approach distributed through an existing administrative system, thereby eliminating the need for face-to-face interviews by the research or disease control team. This approach, developed by the Swiss Tropical Institute in Ifakara, Tanzania, i s currently being tested in seven other African countries. The paper also describes a change of emphasis of economic research on schistosomiasis, focusing on the intra-household effects of the disease on rural households, rather than, as previously done, studying the impact of the disease on the productivity of individual wage labourers. Other priorities involve the identification of epidemiological information neede for improoved decision-making regarding acceptable treatment strategies in endemic areas with limited financial capacity, as well as research on how the adverse effects of economic development projects can be alleviated.
The degradation of natural fish habitat in the ocean implies lost economic benefits. These value losses often are not measured or anticipated fully, and therefore they are mainly ignored in decisions to develop the coast for industrial or residential purposes. In such circumstances, the ocean habitat and its associated ecosystem are treated as if they are worthless. Measures of actual or potential economic values generated by fisheries in commercial markets can be used to assess a conservative (lower-bound) value of ocean habitat. With this information, one can begin to compare the values of coastal developments to the values of foregone ocean habitat in order to help understand whether development would be justified economically. In this paper, we focus on the economic value associated with the harvesting of commercial fish stocks as a relevant case for the Saudi Arabian portion of the Red Sea. We describe first the conceptual basis behind supply-side approaches to economic valuation. Next we review the literature on the use of these methods for valuing ocean habitat. We provide an example based on recent research assessing the bioeconomic status of the traditional fisheries of the Red Sea in the Kingdom of Saudi Arabia (KSA). We estimate the economic value of ecosystem services provided by the KSA Red Sea coral reefs, finding that annual per-unit values supporting the traditional fisheries only are on the order of 7000/km2. Finally, we develop some recommendations for refining future applications of these methods to the Red Sea environment and for further research. © 2013 .
Full Text Available The article proves the relevance of the application of methods of decision-making on the basis of economic-mathematical modeling. It is shown, that application of economic and mathematical methods allows to considerably enhance the quality of strategic, tactical and current planning, to receive the additional effect without the involvement in the process of additional resources.
New Approaches to the Design and Economics of EHV Transmission Plant examines the limitations of EHV transmission plant. Analysis is also covered in the book to correct these limitations. The concept behind EHV is that allowable transfer of electricity is related to the square of the voltage. Factors such as the expense of supplying a certain volume of electricity over a given distance and creations of power stations are examined. The book provides economic studies of alternative design policies based on estimation of costs and benefits of the design parameters. The text also focuses on the pr
Lefever, Els; Hoste, Veronique
Breaking news on economic events such as stock splits or mergers and acquisitions has been shown to have a substantial impact on the financial markets. As it is important to be able to automatically identify events in news items accurately and in a timely manner, we present in this paper proof-of-concept experiments for a supervised machine learning approach to economic event detection in newswire text. For this purpose, we created a corpus of Dutch financial news articles in which 10 types o...
Radiation processing is based on the use of ionizing radiation (gamma radiation, high energy electrons) as a source of energy in different industrial applications. For about 30 years of steady growth it became almost routine in a number of industrial processes. The growth resulted, among other things, from the availability of radiation sources matching requirements of industrial production and from the wide basis of fundamental and applied radiation research. The most important, however, was the fact that radiation processing proved in practice to be safe, reliable, easy to control, and economical. In comparison with other competitive techniques, it also offered a better alternative from the viewpoint of occupational safety and environmental considerations. In order to review the current status of comparative analysis of radiation and competitive techniques from the technological and economic viewpoint, the Agency convened an Advisory Group in Dubrovnik, Yugoslavia, 6-8 October 1986. The present publication is based on contributions presented at the meeting, discussions held at the meeting, and subsequent editing work. It is expected that this updated technological and economic comparative analysis will provide useful information for all those who are implementing or considering the introduction of radiation processing to industry. The presented data may be essential for decision makers and could contribute to all feasibility and pre-investment studies. As such, this publication is expected to promote industrially oriented projects based on radiation processing techniques. The actual figures given in the individual reports are as accurate as possible. However, it should be understood that time factor and local conditions may play a significant role and corresponding adjustment may be required. Refs, figs and tabs
ED (Economic Dispatch) is non-convex constrained optimization problem, and is used for both on line and offline studies in power system operation. Conventionally, it is solved as convex problem using optimization techniques by approximating generator input/output characteristic. Curves of monotonically increasing nature thus resulting in an inaccurate dispatch. The GA (Genetic Algorithm) has been used for the solution of this problem owing to its inherent ability to address the convex and non-convex problems equally. This approach brings the solution to the global minimum region of search space in a short time and then takes longer time to converge to near optimal results. GA based hybrid approaches are used to fine tune the near optimal results produced by GA. This paper proposes NGH (Neuro Genetic Hybrid) approach to solve the economic dispatch with valve point effect. The proposed approach combines the GA with the ANN (Artificial Neural Network) using SI (Swarm Intelligence) learning rule. The GA acts as a global optimizer and the neural network fine tunes the GA results to the desired targets. Three machines standard test system has been tested for validation of the approach. Comparing the results with GA and NGH model based on back-propagation learning, the proposed approach gives contrast improvements showing the promise of the approach. (author)
Nakaten, Natalie; Kempka, Thomas; Burchart-Korol, Dorota; Krawczyk, Piotr; Kapusta, Krzysztof; Stańczyk, Krzysztof
Underground coal gasification (UCG) enables the utilization of coal reserves that are economically not exploitable because of complex geological boundary conditions. In the present study we investigate UCG as a potential economic approach for conversion of deep-seated coals into a synthesis gas and its application within three different utilization options. Related to geological boundary conditions and the chosen gasification agent, UCG synthesis gas composes of varying methane, hydrogen, nitrogen, carbon monoxide and carbon dioxide amounts. In accordance to its calorific value, the processed UCG synthesis gas can be utilized in different manners, as for electricity generation in a combined cycle power plant or for feedstock production making use of its various chemical components. In the present study we analyze UCG synthesis gas utilization economics in the context of clean electricity generation with an integrated carbon capture and storage process (CCS) as well as synthetic fuel and fertilizer production (Kempka et al., 2010) based on a gas composition achieved during an in situ UCG trial in the Wieczorek Mine. Hereby, we also consider chemical feedstock production in order to mitigate CO2 emissions. Within a sensitivity analysis of UCG synthesis gas calorific value variations, we produce a range of capital and operational expenditure bandwidths that allow for an economic assessment of different synthesis gas end use approaches. To carry out the integrated techno-economic assessment of the coupled systems and the sensitivity analysis, we adapted the techno-economic UCG-CCS model developed by Nakaten et al. (2014). Our techno-economic modeling results demonstrate that the calorific value has a high impact on the economics of UCG synthesis gas utilization. In the underlying study, the synthesis gas is not suitable for an economic competitive electricity generation, due to the relatively low calorific value of 4.5 MJ/Nm³. To be a profitable option for electricity
YUE WAN; HONG-WEI YANG; TOSHIHIKO MASUI
In China, combustion of fossil fuels and biomass has produced serious air pollution that does harm to human health. Based on dose-response relationships derived from epidemiological studies, the authors calculated the number of deaths and people with health problems which were thought to be attributable to China's air pollution in the year of 2000. In order to estimate the corresponding economic impacts from the national point of view, the general equilibrium approach was selected as an analysis tool for this study. A computable general equilibrium (CGE) model was constructed involving 39 sectors and 32 commodities.The human capital approach (HCA) was also used for comparison. The economic burden of disease for people estimated by HCA was equivalent to 1.26‰ (ranging from 0.44‰ to 1.84‰) of China's gross domestic product (GDP). China's GDP loss estimated by the general equilibrium approach reached 0.38‰ (ranging from 0.16‰ to 0.51‰). The difference between the two approaches and the implications of the results were discussed.
Wan, Yue; Yang, Hong-Wei; Masui, Toshihiko
In China, combustion of fossil fuels and biomass has produced serious air pollution that does harm to human health. Based on dose-response relationships derived from epidemiological studies, the authors calculated the number of deaths and people with health problems which were thought to be attributable to China's air pollution in the year of 2000. In order to estimate the corresponding economic impacts from the national point of view, the general equilibrium approach was selected as an analysis tool for this study. A computable general equilibrium (CGE) model was constructed involving 39 sectors and 32 commodities. The human capital approach (HCA) was also used for comparison. The economic burden of disease for people estimated by HCA was equivalent to 1.26 per thousand (ranging from 0.44 per thousand to 1.84 per thousand) of China's gross domestic product (GDP). China's GDP loss estimated by the general equilibrium approach reached 0.38 per thousand (ranging from 0.16 per thousand to 0.51 per thousand). The difference between the two approaches and the implications of the results were discussed. PMID:16544525
This work treats on the hypothesis that the American imperialism uses its nuclear arsenal for reforming geographical spaces that allow him to impel its economic development in the context of the progressive exhaustion of the natural resources of the planet and of the ferocious dispute for market niches and investment destinations, and like the political and military decisions crawl to the different scenarios of economic competition. In the chapter 1 it is insinuated like has been reproduced the Warlike-industrial Complex (CBI) American from the second world postwar period until the present time in the idea of explaining like it is that it is valorized to the capital in scale enlarged starting from the denominated sector producing of destruction means and understanding that the system specifically capitalist is a system where continually the is destroyed previously taken place to manufacture a new merchandise in a luck of creative destruction. In the chapter 2, the topic of the specific contradictions of the CBI is approached that disable him to be the tip of lance of the world imperialism. The chapter 3 try on the productive linkages in the production of nuclear bombs, as well as in the production of the vectors of nuclear transportation and on the implications derived for the world security of the different industries associated to the nuclear energy (as the petroleum, the electricity, the natural gas) and to the transportation vectors of these locating which you/they are the different States where the world supremacy is disputed and that they have like one of its so many negotiation-confrontation letters its nuclear strategic arsenals. What is looked for in a thermonuclear war is the enemy's total elimination, from their offensive capacity, their defensive capacity, until their supplies, their reservations, etc., with the result that the chapters 4 and 5 of this thesis are presented to offer a better understanding that they mean the nuclear arsenals in the
The introduction of the new economic order of the electricity economy causes new focal tasks for the individual market participants and therefore new requirements for planning. As a precondition for energy planning, the Internal Market Electricity Directive and the ElWOG are examined and the tasks for the market participants are derived. Liberalization raises the risks for the enterprises. Increasing competition sets up higher requirements for planning. The planning instruments have no longer the destination of minimum costs but have to maximize the results of the enterprise. Price fixing requires a raised alignment to marginal costs considerations. Increasing electricity trade requires the introduction of new planning instruments. Further new tasks refer to electricity transfer via other networks and especially to congestion management. New chances but also new risks arise for the renewable energy sources. From the market result new requirements for the planning instruments. The basics in this respect are prepared and concrete examples from practice are submitted. Models of enterprises are developed, which consist of a technical and a business part. Central importance has the modeling of competition in the liberalized market. A model of competition between enterprises in the electricity market is developed. (author)
Full Text Available This paper presents an economics-based approach for studying the problem of resource allocation among software development phases. Our approach is structured along two parallel axes: theoretical and empirical. We developed a general economic model for analyzing the allocation problem as a constrained profit maximization problem. The model, based on a novel concept of software production function, considers the effects of different allocations of development resources on output measures of the resulting software product. An empirical environment for evaluating and refining the model is presented, and a first exploratory study for characterizing the model's components and developers' resource allocation decisions is described. The findings illustrate how the model can be applied and validate its underlying assumptions and usability. Future quantitative empirical studies can refine and substantiate various aspects of the proposed model and ultimately improve the productivity of software development processes.
Highlights: • Adjustment dynamics in electricity sources and industrial production are examined. • The Johansen’s method with a conditional VEC model was pursued. • Results confirm endogeneity among variables. • Cointegration relationships for fossil and for renewables sources were founded. • Renewables are less affected by disturbance in economic activity. - Abstract: The interactions between electricity generation sources and industrial production in Greece were analysed from August 2004 to October 2013. Greece has been subject to a tough economic adjustment under external financial assistance guidelines. In the meantime, the country has remained committed to international agreements concerning the use of renewables. The variables interact with each other, and this endogeneity has been analysed using a VECM model. A short-run, causal relationship from conventional fossil sources to economic growth, was proved. However, there is no evidence of causal relationships from renewable electricity to economic growth, either in the short- or long-run. Only economic growth gives rise to renewable electricity, whether in the short- or long-run. A fresh insight on the current state of dynamics between electricity sources within an electricity generation system, is thus added to the literature. These findings will inform energy policymakers in designing policies both to encourage the incorporation of national technology into renewables and to reduce electricity consumption without hampering economic growth
This book presents both state-of-the-art research developments and practical guidance on approaches, technologies and frameworks for the emerging cloud paradigm. Topics and features: presents the state of the art in cloud technologies, infrastructures, and service delivery and deployment models; discusses relevant theoretical frameworks, practical approaches and suggested methodologies; offers guidance and best practices for the development of cloud-based services and infrastructures, and examines management aspects of cloud computing; reviews consumer perspectives on mobile cloud computing an
The economy of China keeps increasing at high rate, although a bit slower recently than in the past due to the international economic turmoil. The Chinese economic performance affects the world economy in many ways (from increased primary resource and commodity imports to a more active financial role of China worldwide). Not unexpectedly, several and diverse environmental problems are coupled with economic growth, linked to resource availability, competition for energy resources and the overall carrying capacity of the environment as a source and a sink. Monodimensional assessments of either economic growth or environmental aspects are unlikely to provide the needed understanding of development opportunities and potential environmental loading. We suggest in this paper an assessment of the evolution of Chinese Economy based on the Emergy Accounting method, developed by H.T. Odum in the Eighties and further refined more recently. The emergy approach is being increasingly applied worldwide, and in China as well, to study individual production processes, sectors and whole economies and provides a comprehensive picture of the interaction of economic growth and the environment, much useful for economic and environmental policy making. A set of emergy-based performance indicators was calculated with reference to the year 2009 and compared with previous studies from literature, by means of a standardization procedure to ensure consistency. The 2009 national Emergy/GDP ratio, an indicator of the emergy investment per unit of economic product generated, has been calculated respectively as 8.61E+11 solar equivalent joules/Yuan RMB (equivalent to 5.88E+12 sej/US$), showing a decreasing trend from 1975 up-to-date, similar to other countries over their development path. The Emergy Sustainability Index (ESI), an aggregate measure of economic performance and environmental load, also shows a decreasing trend signaling that the Chinese economic development is strictly coupled to
Hajamini, Mehdi; Falahi, Mohammad Ali
In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to investigate this nonlinear effect for 15 European countries, empirically. For the size of government, four measures are considered as follows: (i) total expenditures to gross domestic product, (ii) final co...
This paper examines the dynamic causal relationships between foreign direct investment (FDI), trade and economic growth in India by applying the bounds testing (ARDL) approach to cointegration for the period from 1970 to 2012. The bounds tests suggest that the variables of interest are bound together in the long-run when GDP per capita is the dependent variable. The empirical findings confirm that there is bi-directional Granger causality between FDI and trade, unidirectional Granger causalit...
Claudy, Marius; O'Driscoll, Aidan
This paper argues that the moderate success of policies aiming to stimulate the uptake of Sustainable Energy Systems (SES) in the domestic sector is grounded in a poor understanding of the ‘consumer’. The predominant economic approach behind most policies assumes that improving the cost-benefit ratio of technologies via grants and subsidies and providing sufficient information will automatically incentivise householders’ to invest into SES. Yet, policymakers often neglect behavioural determin...
This study builds a monetary growth model with inflation policy and education. The model is a synthesis of the Uzawa-Lucas two-sector growth model and traditional monetary model with the money-in-utility (MIU) approach. We show how money, physical capital and human capital interact over time under exogenous inflation policy in a free market economy. The dynamics of the economy is described by three differential equations. We show that the monetary economic system has a saddle equilibrium poin...
Bunyaratavej Kraiwinee; Hahn Eugene D.
Empirical convergence analyses have helped provide insight as to whether economies are converging. Previous works on convergence have tended to focus on a particular economic indicator exclusively, even though the convergence process has multiple components. Improved estimates of convergence are likely to result from an integrated approach wherein several indicators are considered simultaneously. The proposed model integrates convergence analyses for three convergence variables to estimate th...
This paper will discuss a new approach to studying finance-growth nexus, based on the production inputs. We analyze, from a panel of 93 countries (developed countries and least developed countries) over the period 1972-2012, the standard regress of economic growth as well as a new proxy for financial activity and interaction effects of the latter with catching up, education, and physical capital accumulation. The results of the Least Squares Dummy Variable estimator show that, from a global p...
João Carlos Lopes; Tanya Araujo
This paper contributes to further understanding the economic performance of Portuguese and Spanish regions, using a stochastic network approach. The empirical analysis is made at the territorial level of NUT 3 regions and covers the period 1995-2008. The performance of regions is based on GDP per capita at Purchasing Power Standards. The network analysis is based on a metric space built from the correlation coefficients between the log-difference of annual growth rates. The metric space and t...
Lopes, João Carlos; Araújo, Tânya
This paper contributes to further understanding the economic performance of Portuguese and Spanish regions, using a stochastic network approach. The empirical analysis is made at the territorial level of NUT 3 regions and covers the period 1995-2008. The performance of regions is based on GDP per capita at Purchasing Power Standards. The network analysis is based on a metric space built from the correlation coefficients between the log-difference of annual growth rates. The metric space an...
Volkov V. A.; Orlov A. I.
In this article we propose a general theoretical model of estimation of the feasibility of an innovation-investment project. For specifying a general model to estimate the feasibility of a project we have highlighted the stages of development of projects in the aerospace industry. Organizational-economic approaches to estimation of the feasibility of projects to create rocket and space technology are presented in terms of algorithms. They take into account the specifics of the space industry,...
B.C. Okoye; Onyenweaku, C.E; Asumugha, G.N
This study employed a translog stochastic frontier cost function to measure the level of economic efficiency and it’s determinants in small-holder cocoyam production in Anambra state, Nigeria. A multi-stage random sampling technique was used to select 120 cocoyam farmers in the state in 2005 from whom input-output data and their prices were obtained using the cost-route approach. The parameters of the stochastic frontier cost function were estimated using the maximum likelihood method. The re...
Susan Innis; Randy Udall; Project Officer - Keith Bennett
Final Report for ''Harvesting a New Wind Crop: Innovative Economic Approaches for Rural America'': This project, ''Harvesting a New Wind Crop'', helped stimulate wind development by rural electric cooperatives and municipal utilities in Colorado. To date most of the wind power development in the United States has been driven by large investor-owned utilities serving major metropolitan areas. To meet the 5% by 2020 goal of the Wind Powering America program the 2,000 municipal and 900 rural electric cooperatives in the country must get involved in wind power development. Public power typically serves rural and suburban areas and can play a role in revitalizing communities by tapping into the economic development potential of wind power. One barrier to the involvement of public power in wind development has been the perception that wind power is more expensive than other generation sources. This project focused on two ways to reduce the costs of wind power to make it more attractive to public power entities. The first way was to develop a revenue stream from the sale of green tags. By selling green tags to entities that voluntarily support wind power, rural coops and munis can effectively reduce their cost of wind power. Western Resource Advocates (WRA) and the Community Office for Resource Efficiency (CORE) worked with Lamar Light and Power and Arkansas River Power Authority to develop a strategy to use green tags to help finance their wind project. These utilities are now selling their green tags to Community Energy, Inc., an independent for-profit marketer who in turn sells the tags to consumers around Colorado. The Lamar tags allow the University of Colorado-Boulder, the City of Boulder, NREL and other businesses to support wind power development and make the claim that they are ''wind-powered''. This urban-rural partnership is an important development for the state of Colorado's rural communities
Uddin, Gazi Salah
The objectives of the thesis - which comprises six parts – can be summarized in i) implementing linear and nonlinear/nonparametric approaches toward detecting, measuring and analyzing the nature and directionality of causal relationships in financial markets, ii) elaborating on modern topics in financial investment analysis, iii) probing into the role of commodity futures in constructing optimal portfolios as well as iv) investigating growth dynamics via aggregated and disaggregated indices. ...
Full Text Available At many entities the net asset value is influenced by the evaluation methods applied for tangible assets, because the value of intangible assets and financial assets is small in most cases. The objective of this paper is to analyze the differences between the procedures / methods of evaluation applied by micro and small entities and medium and large entities for tangible assets in Romania and Hungary. Furthermore, we analyze the differences between the procedures / methods of evaluation applied by micro and small entities in Romania and Hungary, respectively the differences between medium and large entities regarding de evaluation methods for tangible assets in Romania and Hungary. For this empirical study the questionnaire is used – as research technique, and to demonstrate the significant differences between the evaluation methods we used the Kolmogorov – Smirnov Z test.
This paper presents a novel heuristic optimization approach to constrained economic load dispatch (ELD) problems using the adaptive-variable population - PSO technique. The proposed methodology easily takes care of different constraints like transmission losses, dynamic operation constraints (ramp rate limits) and prohibited operating zones and also accounts for non-smoothness of cost functions arising due to the use of multiple fuels. Simulations were performed over various systems with different numbers of generating units, and comparisons are performed with other existing relevant approaches. The findings affirmed the robustness, fast convergence and proficiency of the proposed methodology over other existing techniques
Larson, Kyle B. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Tagestad, Jerry D. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Perkins, Casey J. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Oster, Matthew R. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Warwick, M. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Geerlofs, Simon H. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
This study was conducted with the support of the U.S. Department of Energy’s (DOE’s) Wind and Water Power Technologies Office (WWPTO) as part of ongoing efforts to minimize key risks and reduce the cost and time associated with permitting and deploying ocean renewable energy. The focus of the study was to discuss a possible approach to exploring scenarios for ocean renewable energy development in Hawaii that attempts to optimize future development based on technical, economic, and policy criteria. The goal of the study was not to identify potentially suitable or feasible locations for development, but to discuss how such an approach may be developed for a given offshore area. Hawaii was selected for this case study due to the complex nature of the energy climate there and DOE’s ongoing involvement to support marine spatial planning for the West Coast. Primary objectives of the study included 1) discussing the political and economic context for ocean renewable energy development in Hawaii, especially with respect to how inter-island transmission may affect the future of renewable energy development in Hawaii; 2) applying a Geographic Information System (GIS) approach that has been used to assess the technical suitability of offshore renewable energy technologies in Washington, Oregon, and California, to Hawaii’s offshore environment; and 3) formulate a mathematical model for exploring scenarios for ocean renewable energy development in Hawaii that seeks to optimize technical and economic suitability within the context of Hawaii’s existing energy policy and planning.
Craig W. Herbold
Full Text Available High throughput sequencing of phylogenetic and functional gene amplicons provides tremendous insight into the structure and functional potential of complex microbial communities. Here, we introduce a highly adaptable and economical PCR approach to barcoding and pooling libraries of numerous target genes. In this approach, we replace gene- and sequencing platform-specific fusion primers with general, interchangeable barcoding primers, enabling nearly limitless customized barcode-primer combinations. Compared to barcoding with long fusion primers, our multiple-target gene approach is more economical because it overall requires lower number of primers and is based on short primers with generally lower synthesis and purification costs. To highlight our approach, we pooled over 900 different small-subunit rRNA and functional gene amplicon libraries obtained from various environmental or host-associated microbial community samples into a single, paired-end Illumina MiSeq run. Although the amplicon regions ranged in size from approximately 290 to 720 bp, we found no significant systematic sequencing bias related to amplicon length or gene target. Our results indicate that this flexible multiplexing approach produces large, diverse and high quality sets of amplicon sequence data for modern studies in microbial ecology.
Mostly, the economic analyses for replacement of major components of nuclear power plants(NPPs) have been performed in deterministic ways. However, the analysis results are more of less affected by the uncertainties associated with input variables. Therefore, it is desirable to use a probabilistic economic analysis method to properly consider uncertainty of real problem. In this paper, the probabilistic economic analysis method and Monte Carlo simulation technique are briefly described. And the result of the probabilistic economic analysis for old steam generators are compared with the result of the deterministic analysis. The differences are not that significant. The probabilistic economy analysis method using Monte Carlo simulation will provide efficient and accurate way of economic analysis for the repair and/or replacement major components of NPPs
Petrov, A G; Denisova, S V; Odintseva, O V; Raudina, S N
To improve miners' health nowadays, effective application of available means and implication of economic management methods are necessary, as quality medical and pharmaceutic care for miners requires significant financial, material and working efforts both from the government and from every institution operating in health care. PMID:25073341
The paper deals with an analysis of socio economic processes. In the author's opinion to avoid the carrying out of administrative-territorial management reforms by trial and error method it is necessary to study and to be ascertained in the methodological basis of economy transformations under the conditions of regions integration
Coupal, Roger H.; Bastian, Christopher T.; May, Juliet A.; Taylor, David T.
Little research has been done on the economic benefits of snowmobiling. This study used a cluster analysis and the travel cost method to identify different snowmobiler segments and estimate their respective consumer surplus values. Consumer surplus estimates ranged from $12 to $49 per day for the different segments.
C, Aucelli, Pietro P.; Balteanu, Dan; Pisano, Luca; Rosskopf, Carmen M.; Zumpano, Veronica
Land degradation due to mass wasting and accelerated water erosion represents at global scale a serious threat to socio-economic development not only in urban areas but also in rural and hence less populated territories where the main economic resources are frequently directly linked to the exploitation of the agricultural, pastoral and natural resources, often threatened especially by landslide phenomena. The assessment of damage induced by landslides, thus, provides an important contribution to support decision making concerning the sustainable management of land use. In this paper a methodological approach developed in GIS environment for valuing the economic damage induced by landslides in rural areas is presented. It allows direct damage estimation related to landslide phenomena by means of a synthetic approach which considers the loss of land value associated with landslides state of activity. This approach was tested in a study area (a small-scale catchment in Molise Region, Southern Italy) which is highly representative of the Adriatic flank of the Molise Apennine, highly exploited for farming and, in the same time, very sensible to slope instability. Several environmental calculation matrices were defined at the pixel scale in relation to different states of activity of landslides. For each cell, soil uses and related Average Agricultural Values (AAVs) were determined. The economic damage value (DV) was computed by multiplying the obtained specified AAV with a specific landslide-damage index (LDI) which was calculated on the basis of the extent and state of activity of landslides within each cell. This procedure allowed the estimation of the DV and the real agricultural value for each cell. Summing up the results coming from each cell, the total loss of land value due to landslides and the residual total agricultural value for the entire study area were calculated. Furthermore, in order to assess for the entire study area the landslide exposition of rural
Full Text Available The increasing penetration of distributed generation resources demands better economic performance of microgrids under the smart-grid era. In this paper, a comprehensive environmental-economic dispatch method for smart microgrids is proposed, with the objective for minimizing the summation of generation and emission costs in the system. As the proposed model belongs to a large-scale nonlinear and nonconvex programming problem, a hybrid heuristic algorithm, named variable step-size chaotic fuzzy quantum genetic algorithm (VSS_QGA, is developed. The algorithm utilizes complementarity among multiple techniques including the variable step size optimization, the rotation mutational angle fuzzy control, and the quantum genetic algorithm and combines them so as to solve problems with superior accuracy and efficiency. The effectiveness of the proposed model is demonstrated through a case study on an actual microgrid system and the advantages in the performance of VSS_QGA is also verified through the comparison with genetic algorithm (GA, the evolutionary programming approach (EP, the quantum genetic algorithm (QGA, and the chaotic quantum genetic algorithm (CQGA.
Kobelev, L Yu; Kobelev, L Yu; Kobelev, Ya.L.
The methods of statistical physics of open systems are used for describing the time dependence of economic characteristics (income, profit, cost, supply, currency etc.) and their correlations with each other. Nonlinear equations (analogies of known reaction-diffusion, kinetic, Langevin equation) describing appearance of bifurcations, self-sustained oscillational processes, self-organizations in economic phenomena are offered.
Brémond, P.; Grelot, F.; Agenais, A.-L.
In Europe, economic evaluation of flood management projects is increasingly used to help decision making. At the same time, the management of flood risk is shifting towards new concepts such as giving more room to water by restoring floodplains. Agricultural areas are particularly targeted by projects following those concepts since they are frequently located in floodplain areas and since the potential damage to such areas is expected to be lower than to cities or industries for example. Additional or avoided damage to agriculture may have a major influence on decisions concerning these projects and the economic evaluation of flood damage to agriculture is thus an issue that needs to be tackled. The question of flood damage to agriculture can be addressed in different ways. This paper reviews and analyzes existing studies which have developed or used damage functions for agriculture in the framework of an economic appraisal of flood management projects. A conceptual framework of damage categories is proposed for the agricultural sector. The damage categories were used to structure the review. Then, a total of 42 studies are described, with a detailed review of 26 of them, based on the following criteria: types of damage considered, the influential flood parameters chosen, and monetized damage indicators used. The main recommendations resulting from this review are that even if existing methods have already focused on damage to crops, still some improvement is needed for crop damage functions. There is also a need to develop damage functions for other agricultural damage categories, including farm buildings and their contents. Finally, to cover all possible agricultural damage, and in particular loss of activity, a farm scale approach needs to be used.
James A. Giesecke; John R Madden
Recently a new method has emerged for uncovering the factors driving regional disparities in growth performance. The method involves historical analysis with a multiregional computable general equilibrium model. This paper has three main aims. The first is to demonstrate the capacity of the CGE historical technique to decompose the causes of regional divergence into clearly-specified economic factors. The second is to provide a generic miniature model that can be used as a template for adapti...
Babar, Muhammad Ali; Abrahamsson, Pekka
Agile software development approaches have had significant impact on industrial software development practices. Despite becoming widely popular, there is an increasing perplexity about the role and importance of a system’s software architecture in agile approaches [1, 2]. Advocates of the vital role of architecture in achieving quality goals of large-scale-software-intensive-systems are skeptics of the scalability of any development approach that does not pay sufficient attention to architectural issues. However, the proponents of agile approaches usually perceive the upfront design and evaluation of architecture as being of less value to the customers of a system. According to them, for example, re-factoring can help fix most of the problems. Many experiences show that large-scale re-factoring often results in significant defects, which are very costly to address later in the development cycle. It is considered that re-factoring is worthwhile as long as the high-level design is good enough to limit the need for large-scale re-factoring [1, 3, 4].
A method is presented which is an extension to negative energies of a spectral integral equation method to solve the Schroedinger equation, developed previously for scattering applications. One important innovation is a re-scaling procedure in order to compensate for the exponential behaviour of the negative energy Green's function. Another is the need to find approximate energy eigenvalues, to serve as starting values for a subsequent iteration procedure. In order to illustrate the new method, the binding energy of the He-He dimer is calculated, using the He-He TTY potential. In view of the small value of the binding energy, the wavefunction has to be calculated to a distance of 3000 au. Two hundred and twenty mesh points were sufficient to obtain an accuracy of three significant figures for the binding energy, and with 320 mesh points the accuracy increased to six significant figures. An application to a potential with two wells, separated by a barrier, is also made
A new method of enhancing operation economy without loss any reliability method is called Proactive Ageing Management (PAM in short). PAM can be used for generic and specific plant in almost all situations that concern reliability and economy problem. PAM 2.0 software, which is a professional software during PAM process application, plays an important role to help analysts evaluate all strategies showed above and also provides decision advises to nuclear power plant manager using Net Present Values (NPV) criteria. Additionally, one case was taken as an example to illustrate the role of software during PAM process and explain the results for use. (authors)
This paper points out the advantages and disadvantages of municipal solid waste processing methods incorporating different energy and/or materials recovery techniques, i.e., those involving composting or incineration and those with a mix of composting and incineration. The various technologies employed are compared especially with regard to process reliability, flexibility, modularity, pollution control efficiency and cost effectiveness. For that which regards composting, biodigestors are examined, while for incineration, the paper analyzes systems using combustion with complete recovery of vapour, combustion with total recovery of available electric energy, and combustion with cogeneration. Each of the processing methods examined includes an iron recovery cycle
Blue, J. W.; Smith, W. R.; Sodd, V. J.
Simple and inexpensive method produces iodine 123, in a conventional cyclotron. Tellurium 122, a stable isotope available in enrichments exceeding 95 percent, is held on a porous metal plate by a flowing stream of helium and bombarded with either alpha particles or helium 3.
Miller, Jon R.; Baker-Eveleth, Lori
The rising cost of college textbooks over the last decade provides an opportunity for alternatives. Electronic or online textbooks are an effective substitute to the traditional paper-based textbooks, although students have been slow to transition to the new method. A custom, professor-written online textbook not only addresses the reduction in…
Orientation on local low-grade coal and nuclear sources also for heat supply, with which the construction of large heating systems and heat transport on large distances is connected, these are specific features of energy economy in Czechoslovakia. The development programme is challenging in economic respect, it causes numerous ecological problems, as well as those connected with coverage of variable loads. In case of additional construction at a later date many problems appear requiring differentiated approach that depends on concrete conditions. In the paper there are described possibilities and conditions of heat accumulation in feed water, in gravity accumulators at very quick changes of output, the accumulation systems involving steam release facilities and heat accumulation in heat conducting systems. Also the manufacture of heat generating equipment has an important role to play. There are given the outlines of construction of hot water accumulators. Specific conditions of the Czechoslovak energy economy also include the problem of efficient combustion of low-grade coal with a high sulfur content. In this connection it is especially the fluidized bed combustion that is under consideration. This combustion process can be run by clinkering of ash particles or a klinkerless process can be used. The combustion process can be either single-stage or double-stage. All these combustion methods are used in boilers made in Czechoslovakia. In the paper two types of boilers are described: the boiler with cooled fluidized bed and the fluidized bed reactor installed in front of a powdered coal fired boiler. There is briefly outlined the experience obtained from the operation of these boilers
Full Text Available During 1989, the moment of changes in Eastern Europe, in socialist countries political system were transformed, by renouncing communism, and adopting market based economy. The process had major implications on economic systems in countries such Romania, Bulgaria, Hungary, Poland, Czechoslovakia, that from that moment engaged in wide-ranging political, social, economic and institutional reforms. The year 1989 also marked the beginning of the transition from socialist economy to a market economy to centralized countries mentioned, a process with profound implications on the economic system and financial default. This important structural reforms necessary functioning new economic framework and assumed behavior modification specific old economy, focused on socialist property, presumably achieve in conditions of relative stability allowing rapidly and sustainable growth. This paper takes into discussion some models used by FMI and World Bank (WB that had implications on financial policy applied in transition country, referring to absorption theory, monetary approach to balance of payment and stabilization programs, as short terms models, respectively.
Robert Cherinka; Joseph Prezzama
This presentation presents a study of approaches to foster open innovation, including the use of crowds and social media to leverage and utilize interdisciplinary sources. Crowds are inherently interdisciplinary, and they contain experts. Wisdom can be extracted from these sources. However, the peril of bias and "group think" could be detrimental if not carefully exposed. The process of innovation benefits from a diversity of skills and perspectives. There are technology and communication tre...
Yun, W.C. [Korea Energy Economics Institute, Euiwang (Korea)
Recently, facing the new era of restructuring, privatization, and liberalization the energy industry in the world is changing rapidly, and thus the uncertain factors tend to increase. This would imply that energy-related business is now confronted with new market risks as well as the simple price risks. The traditional investment valuation method using the concept of net present value (NPV) or internal rate of revenue (IRR) might not incorporate the managerial alternatives which enable managers to respond flexibly to the changes in business environment. This study pointed out the problems of the traditional discounted cash flow (DCF) method when evaluating a certain capital investment in energy industry. As an alternative, the real option pricing method (ROPM) was proposed, which is widely adopted in the field of profit projection for the venture business. In addition, when applying to energy sector the feasibility of ROPM was discussed, and the frameworks and major results of previous related studies were described. For those using the ROPM in real business, I explained the detailed procedures and solutions of ROPM, and introduced the log-transformed binomial model which provides a more efficient solution. In order to verify the usefulness of the ROPM, this study performed an empirical analysis for a virtual construction and operation project of power plant. And, the results from the ROPM was compared to those from the traditional DCF method. Based on the empirical results, the values of various investment opportunities were shown to be high. Therefore, the project not justified in terms of traditional DCF would turn into the project with a positive gross project value, properly reflecting managerial flexibilities inherent in the original project. (author). 58 refs., 32 figs., 33 tabs.
The first graduate-level textbook to focus on fundamental aspects of numerical methods for stochastic computations, this book describes the class of numerical methods based on generalized polynomial chaos (gPC). These fast, efficient, and accurate methods are an extension of the classical spectral methods of high-dimensional random spaces. Designed to simulate complex systems subject to random inputs, these methods are widely used in many areas of computer science and engineering. The book introduces polynomial approximation theory and probability theory; describes the basic theory of gPC meth
Badari, V S
Developing countries are experiencing rapid population growth, which hinders development of economic planning. There are 2 ways to determine the gain to the economy resulting from preventing a birth: a macro-economic growth approach, which establishes a comparison of the income per capita of a country with and without fertility control, and the investment approach which weighs the advantages and disadvantages of additional births in terms of the anticipated future production and consumption of these births, compared with the gain of preventing them. If decrease of population growth helps development planning, it makes sense to establish incentive payments for preventing a birth. Arguments against the investment approach are: the amount spent for bonuses could be higher than the amount saved; it could be used for new investment. In the discounting procedure, consumption has been exagerated while reducing the value of production. Leibenstein's contention is that family programs are followed more by middle class families, whose children won't become marginal workers. These critics have been refuted. Enke, main contributor to this approach, states that the incentive payment should not exceede the value of preventing a birth. Also, to avoid the cost of resources the bonus could be given in services and productive goods. The discounting procedure has been considered valid in those cases in which present consumption is more relevant than future consumption and investible funds, in which case discounting is unavoidable. On the other hand, if incentives are offered, more participation of the poorer classes can be expected. Based on the investment approach, some economists, like Enke and Badari, analized the worth of an averted birth in India and agreed that the gains were substantial. This indicated that the investment approach is a useful guide for developing countries. PMID:12261074
Several studies have examined the local economic effects of nuclear power stations. However, their heterogeneity within countries and between countries indicate that one must be very cautious in drawing general conclusions about the positive and negative local economic effects of nuclear power stations over time. Using information about a specific nuclear facility in Spain and its zone of influence, we investigate the local economic impact of a nuclear facility by applying an infrequently used methodology called the “counterfactual” method. The purpose of this application of the counterfactual method is to establish what would have happened if the nuclear power plant had not been built where it was. This method permits observation of the impact of the nuclear power plant on the evolution of a set of variables whose influence is extremely important for the local area, such as the population, unemployment level, per capita income, and municipal governments’ revenues. Generalization of this method could offer the possibility of providing comparative results. However, the method must be complemented with other short-term approaches to provide a more specific analysis of the economic effects on the local actors involved and to offer incentives to policymakers to design and develop policies aimed at boosting economic activity in the area. - Highlights: • The Trillo Nuclear Power Plant plays a key role in stimulating its local environment. • The counterfactual method is estimated based on the performance of control group. • At least at the beginning of its operation the population dynamism was clear. • There is not strong evidence about the rise of employment and local public revenues. • The expenditure flow assesses the local turnover, jobs and municipal revenues
Particle swarm optimization (PSO) is a population-based swarm intelligence algorithm driven by the simulation of a social psychological metaphor instead of the survival of the fittest individual. Based on the chaotic systems theory, this paper proposed a novel chaotic PSO combined with an implicit filtering (IF) local search method to solve economic dispatch problems. Since chaotic mapping enjoys certainty, ergodicity and the stochastic property, the proposed PSO introduces chaos mapping using Henon map sequences which increases its convergence rate and resulting precision. The chaotic PSO approach is used to produce good potential solutions, and the IF is used to fine-tune of final solution of PSO. The hybrid methodology is validated for a test system consisting of 13 thermal units whose incremental fuel cost function takes into account the valve-point loading effects. Simulation results are promising and show the effectiveness of the proposed approach.
Changhyup Park; Joe M.Kang; Taewoong Ahn
The paper presents a stochastic and economic analysis for petroleum development under uncertain market and technical environments. Mean-reversion with jumps for price forecasting is used to consider market uncertainty, while various scenarios for the reservoir properties and cost are employed to consider technical uncertainty. Monte Carlo simulation is carried out to obtain the feasible range of net present values and internal rates of return. The influence of stochastic parameters is examined through correlation coefficients. The stochastic approach yields more reliable evaluation and effectively investigates the characteristics of development. The integration of uncertainties and contractual terms results in an irregular tendency in the future cash flow and reveals that a larger reserve does not guarantee a greater profit. The reserve and the well rate affect the economic values whereas the parameters for price prediction don't. The research confirms the necessity of qualifying uncertainties for realistic decision-making at the initial stage of development.
This study deals with estimation of energy demand based on economic indicators in Turkey. The genetic algorithm energy demand (GAEDM) Model is developed based on past data using the genetic algorithm approach. The economic indicators that are used during the model development are: gross national product (GNP), population and import and export figures of Turkey. Two forms of the GAEDM model are developed to estimate energy demand. The GAEDM can be used for estimating the energy demand in the future by optimizing the parameter value using available data. The future energy demand is calculated under different scenarios. The current models overestimate the energy demand in the years 2020 and 2025. The relative estimation errors of the GAEDM model are the lowest when they are compared with the Ministry of Energy and Natural Resources (MENR) projection
Kepler, Jørgen Asbøll; Stokholm, Marianne Denise J.
Nature has served as inspiration for product design throughout history. Applications range from poetic translations of form to utilization of primary functional principles. This paper describes a generally applicable design methodology for transforming natural functional principles to feasible...... product design. From a formulation of design demands, which need not necessarily be very precise, the approach continues with a study of natural objects (anaimals, plants) which are subject to the same demands. From this study, the working principle(s) are derived. This (these) are then clarified through...
Ralyte, Jolita; Rolland, Colette; Ben Ayed, Mohamed
The paper considers the evolutionary perspective of the method engineering. It presents an approach for method engineering based on the evolution of an existing method, model or meta-model into a new one satisfying different engineering objective. This approach proposes several different strategies to evolve the initial paradigm model into a new one and provides guidelines supporting these strategies. The approach has been evaluated in the Franco-Japanese research project around the Lyee meth...
Full Text Available The aim of the article. The article highlights the lack of effectiveness of existing system of education management in Ukraine from its basic function performance – to satisfy the needs of social and economic system of human resources, according to the required quantity, quality, educational culture, right place and time with the lowest public costs. The results of the analysis. The article is focused on the forming of organizational and economic bases of the use of logistic approach in the management of education system. Logistic approach is considered as an instrument to ensure the optimal parameters of education system functioning and development in accordance with the needs of society (employers, learners with minimal public costs. It is pointed out the need to create organizational and managerial mechanisms of active integrative interaction, both between educational institutions and employers, between educational institutions of various levels of educational system in order to improve the functioning of educational institutions and the education system as a whole. It is grounded the necessity of accentuation of social-labor flow as the main object of logistical management in education. It is proposed to consider national education system as a logistic chain. It includes all structural elements of the educational system, the parties of the education system control and employers, which are involved in formation and movement of social labor flow. It is stated that they must be considered as constituting single integrated logistic chain of forming the competitive human and intellectual capital. Its functioning requires the implementation of procedures of external and intra-evaluation of social labor flow parameters and their conformity to the needed. Among the evaluation tools the psychological-pedagogical diagnostics is highlighted. It is grounded the need to analyze total costs in order to optimize the social labor flow movement. They
Claxton, K; Posnett, J
Whilst significant advances have been made in persuading clinical researchers of the value of conducting economic evaluation alongside clinical trials, a number of problems remain. The most fundamental is the fact that economic principles are almost entirely ignored in the traditional approach to trial design. For example, in the selection of an optimal sample size no consideration is given to the marginal costs or benefits of sample information. In the traditional approach this can lead to either unbounded or arbitrary sample sizes. This paper presents a decision-analytic approach to trial design which takes explicit account of the costs of sampling, the benefits of sample information and the decision rules of cost-effectiveness analysis. It also provides a consistent framework for setting priorities in research funding and establishes a set of screens (or hurdles) to evaluate the potential cost-effectiveness of research proposals. The framework permits research priority setting based explicitly on the budget constraint faced by clinical practitioners and on the information available prior to prospective research. It demonstrates the link between the value of clinical research and the budgetary restrictions on service provision, and it provides practical tools to establish the optimal allocation of resources between areas of clinical research or between service provision and research. PMID:9003938
Lund, Jens Friis; Burgess, Neil D.; Chamshama, Shabani A.O.;
assessed on the basis of analyses of Landsat images. This biophysical evidence was then linked to changes in actual management practices, assessed through records, interviews and participatory observations, to provide a measure of the conservation impact of the policy change. Both forests in the study were...... found to be in good condition, and extraction was lower than overall forest increment. Divergent changes in forest disturbance levels were in evidence following the implementation of decentralized forest management. The evidence from records, interviews and participatory observations indicated......Nearly 10% of the world's total forest area is formally owned by communities and indigenous groups, yet knowledge of the effects of decentralized forest management approaches on conservation (and livelihood) impacts remains elusive. In this paper, the conservation impact of decentralized forest...
EOR projects, notably CO2 floods, are the next generation of recovery methods in the more mature west Texas waterfloods. Installing and operating a CO2 flood can be extremely expensive. In this paper, the authors discuss methods used to make several active CO2 floods more profitable by reducing operating costs and deferring investments. The authors' goal in studying several active west Texas CO2 floods is to determine the optimum near-term cash flow, overall project economics (rate of return, present worth, etc.), and oil recoveries. The authors developed various CO2 flood designs with a reservoir simulator by altering specific operating parameters, including the half-cycle slug size, gas/water ratio (GWR), injection schemes, and total CO2 slug sizes. The authors also assessed the impact of various economic conditions --- oil prices, CO2 prices, gas processing fees, and operating costs --- on the optimization process
Rozilee Asid; Mori Kogid; Dullah Mulok; Jaratin Lily
The main objective of present study is to investigate the implications of intellectual property rights (IPR) protection on foreign direct investment and economic growth in Malaysia. We used the ARDL bounds testing approach to cointegration for long run relationship between the variables. Although researches with regards to foreign direct investment and economic growth have been conducted extensively in the Malaysian economic context, the role of IPR protection however has yet to be discussed ...
Economic analyses of environmental mitigation and other interdisciplinary public policy issues can be much more useful if they critically examine what other disciplines have to say, insist on using the most relevant observational data and the scientific method, and examine lower cost alternatives to the change proposed. These general principles are illustrated by applying them to the case of climate change mitigation, one of the most interdisciplinary of public policy issues. The analysis sho...
Lorgelly, Paula K; Lawson, Kenny D.; Fenwick, Elisabeth A.L.; Briggs, Andrew H
Public health interventions have received increased attention from policy makers, and there has been a corresponding increase in the number of economic evaluations within the domain of public health. However, methods to evaluate public health interventions are less well established than those for medical interventions. Focusing on health as an outcome measure is likely to underestimate the impact of many public health interventions. This paper provides a review of outcome measures in public h...
The thesis deals with the theoretical and practical study of mathematical programming methodologies to the analysis complex networks and their application in economic and social problems. More specifically, it applies models and methods for solving linear and integer programming problems to network models exploiting the matrix structure of such models, resulting in efficient computational procedures and small processing time. As a consequence, it allows the study of larger and more complex n...
Juan Ricardo Perilla
A non-parametric approach based on DEA techniques is used to dis- entangle the relationship between innovation growth and per-capita GDP growth in a sample of 30 countries during 1996-2008. The decomposition of GDP-growth brings support to the notion of advantage of backward- ness. It leads to conclude that, in the context of innovation, both the process of catching-up and technological change play an important explanation of the dynamics of economic growth. This is in sharp contr...
Canals Casals, Lluc; Amante García, Beatriz
The industrial car manufacturers see in the high battery price an im-portant obstacle for an electric vehicle mass selling, thus mass production. There-fore, in order to find some cost relieves and better selling opportunities, they look and push forward to find profitable second battery uses. This study presents a sim-ulation and an economical approach for an electric taxi fleet charging system, us-ing these “old” electric car batteries, implemented in the city of Barcelona. The simulation w...
Bodugam, Mahipal; Javed, Salim; Ganguly, Arghya; Torres, Jessica; Hanson, Paul R
A pot-economical total synthesis of antifungal Sch-725674, 1, is reported. The approach takes advantage of a number of one-pot, sequential transformations, including a phosphate tether-mediated one-pot, sequential RCM/CM/chemoselective hydrogenation protocol, a one-pot tosylation/acrylation sequence, and a one-pot, sequential Finkelstein reaction/Boord olefination/acetonide deprotection procedure to streamline the synthesis route by reducing isolation and purification procedures, thus saving time. Overall, an asymmetric route has been developed that is efficiently accomplished in seven pots from phosphate (S,S)-triene and with minimal purification. PMID:26760683
Apanisile, Tolulope Olumuyiwa; Okunlola, Charles Olalekan
The study examines the effect of military expenditure on output in Nigeria both in the short-run and in the long-run period. In addition, it verified whether military expenditure is an economically non-contributive activity using ARDL bounds testing approach to co-integration. Results showed that military spending has negative and significant effect on output in the short-run but positive and significant effect in the long-run. Labour and capital have positive and significant effects both in ...
Volkov V. A.
Full Text Available In this article we propose a general theoretical model of estimation of the feasibility of an innovation-investment project. For specifying a general model to estimate the feasibility of a project we have highlighted the stages of development of projects in the aerospace industry. Organizational-economic approaches to estimation of the feasibility of projects to create rocket and space technology are presented in terms of algorithms. They take into account the specifics of the space industry, by virtue of which such projects have both innovative and investment components
Kok, Esther J; Aarts, Henk J M; Van Hoef, A M Angeline; Kuiper, Harry A
The presence of ingredients derived from genetically modified organisms (GMOs) in food products in the market place is subject to a number of European regulations that stipulate which product consisting of or containing GMO-derived ingredients should be labeled as such. In order to maintain these labeling requirements, a variety of different GMO detection methods have been developed to screen for either the presence of DNA or protein derived from (approved) GM varieties. Recent incidents where unapproved GM varieties entered the European market show that more powerful GMO detection and identification methods will be needed to maintain European labeling requirements in an adequate, efficient, and cost-effective way. This report discusses the current state-of-the-art as well as future developments in GMO detection. PMID:12083278
The economic dispatch problem (EDP) is an optimization problem useful in power systems operation. The objective of the EDP of electric power generation, whose characteristics are complex and highly non-linear, is to schedule the committed generating unit outputs so as to meet the required load demand at minimum operating cost while satisfying system constraints. Recently, as an alternative to the conventional mathematical approaches, modern heuristic optimization techniques have been given much attention by many researchers due to their ability to find an almost global optimal solution in EDPs. As special mechanism to avoid being trapped in local minimum, the ergodicity property of chaotic sequences has been used as optimization technique in EDPs. Based on the chaos theory, this paper discusses the design and validation of an optimization procedure based on a chaotic artificial immune network approach based on Zaslavsky's map. The optimization approach based on chaotic artificial immune network is validated for a test system consisting of 13 thermal units whose incremental fuel cost function takes into account the valve-point loading effects. Simulation results and comparisons show that the chaotic artificial immune network approach is competitive in performance with other optimization approaches presented in literature and is also an attractive tool to be used on applications in the power systems field.
Full Text Available Transfer prices are considered the prices paid for the goods or services in a cross-border transaction between affiliates companies, often significant reduced or increased in order to avoid the higher imposing rates from one jurisdiction. Presently, over 60% of cross-border transfers are represented by intra-group transfers. The paper presents the variety of methods and mechanisms used by the companies to transfer the funds from one tax jurisdiction to another in order to avoid over taxation.
Гончаров, В. А.; Самойлов, М.В.
The report provides a comparison of different models of education for university students on the issues of labor protection. New approaches to teaching discipline of «Labor protection» at the University of Economics are considered.
Gershman, H. W.
An approach for determining the economic feasibility of refuse-derived fuel production and the recovery of materials is presented. This information is based on data developed for the metropolitan Washington, D.C. area as input for the consideration of a regional resource recovery program which would eventually encompass 4000 t/day of municipal solid waste; it is designed to recover refuse-derived fuel (RDF), ferrous and nonferrous metals, flint and color-mixed glass cullet, color-mixed glass fines, and waste newspapers. The planning process requires estimates of recovery product revenues and of process feasibility; since materials revenues can be predicted with a greater degree of certainty than RDF revenues, it becomes necessary to determine what revenues will be required from the sale of RDF so that predicted economics can be the same as the alternative disposal practice. A technique is described which will assist the decisionmaker in evaluating the economic feasibility of the proposed project by determining the RDF 'Indifference Value'.
Hatam, Nahid; Tourani, Sogand; Homaie Rad, Enayatollah; Bastani, Peivand
Increasing knowledge of people about health leads to raising the share of health expenditures in government budget continuously; although governors do not like this rise because of budget limitations. This study aimed to find the association between health expenditures and economic growth in ECO countries. We added health capital in Solow model and used the panel cointegration approach to show the importance of health expenditures in economic growth. For estimating the model, first we used Pesaran cross-sectional dependency test, after that we used Pesaran CADF unit root test, and then we used Westerlund panel cointegration test to show if there is a long-term association between variables or not. After that, we used chaw test, Breusch-Pagan test and Hausman test to find the form of the model. Finally, we used OLS estimator for panel data. Findings showed that there is a positive, strong association between health expenditures and economic growth in ECO countries. If governments increase investing in health, the total production of the country will be increased, so health expenditures are considered as an investing good. The effects of health expenditures in developing countries must be higher than those in developed countries. Such studies can help policy makers to make long-term decisions. PMID:26997596
Shearer, James; McCrone, Paul; Romeo, Renee
Costing approaches in the economic evaluation of mental health interventions are complicated by the broad societal impacts of mental health, and the multidisciplinary nature of mental health interventions. This paper aims to provide a practical guide to costing approaches across a wide range of care inputs and illness consequences relevant to the treatment of mental health. The resources needed to deliver mental health interventions are highly variable and depend on treatment settings (institutional, community), treatment providers (medical, non-medical) and formats (individual, group, electronic). Establishing the most appropriate perspective is crucial when assessing the costs associated with a particular mental health problem or when evaluating interventions to treat them. We identify five key cost categories (social care, informal care, production losses, crime and education) impacted by mental health and discuss contemporary issues in resource use measurement and valuation, including data sources and resource use instruments. PMID:26922076
Full Text Available In the recent decade, studying the economic order quantity (EOQ models with imperfect quality has appealed to many researchers. Only few papers are published discussing EOQ models with imperfect items in a supply chain. In this paper, a two-echelon decentralized supply chain consisting of a manufacture and a supplier that both face just in time (JIT inventory problem is considered. It is sought to find the optimal number of the shipments and the quantity of each shipment in a way that minimizes the both manufacturer’s and the supplier’s cost functions. To the authors’ best knowledge, this is the first paper that deals with imperfect items in a decentralized supply chain. Thereby, three different game theoretical solution approaches consisting of two non-cooperative games and a cooperative game are proposed. Comparing the results of three different scenarios with those of the centralized model, the conclusions are drawn to obtain the best approach.
HAMDAN, Bader S.S.
Abstract. The study focused on the effect exports and imports on economic growth in the Arab countries during the period 1995 to 2013. The study used panel data approach in 17 countries: (Jordan, United Arab Emirates, Bahrain, Tunisia, Algeria, Saudi Arabia, Sudan, Oman, Qatar, Kuwait, Lebanon, Egypt, Djibouti, Mauritania, Morocco, Yemen and Palestine). The study used panel data approach by E views program. The study found that the effect exports and imports have positive effect of economic g...
Mutalib, Tengku Nur Atiqah Tengku Ab; Hamzah, Zainab; Hashim, Othman; Mat, Hishamudin Che
The aim of present study was to compare maceration method of selected herbs using green and non-green solvents. Water and d-limonene are a type of green solvents while non-green solvents are chloroform and ethanol. The selected herbs were Clinacanthus nutans leaf and stem, Orthosiphon stamineus leaf and stem, Sesbania grandiflora leaf, Pluchea indica leaf, Morinda citrifolia leaf and Citrus hystrix leaf. The extracts were compared with the determination of total phenolic content. Total phenols were analyzed using a spectrophotometric technique, based on Follin-ciocalteau reagent. Gallic acid was used as standard compound and the total phenols were expressed as mg/g gallic acid equivalent (GAE). The most suitable and effective solvent is water which produced highest total phenol contents compared to other solvents. Among the selected herbs, Orthosiphon stamineus leaves contain high total phenols at 9.087mg/g.
In a sequel to a review of the translation theory of Peter Newmark, it is argued that there is a single best method of translating regardless of whether the translator takes a semantic, communicative, or other approach. Methods of translating and approaches to extracting the sense of the text are clearly distinguished. Newmark is criticized for…
Full Text Available Economic analyses of environmental mitigation and other interdisciplinary public policy issues can be much more useful if they critically examine what other disciplines have to say, insist on using the most relevant observational data and the scientific method, and examine lower cost alternatives to the change proposed. These general principles are illustrated by applying them to the case of climate change mitigation, one of the most interdisciplinary of public policy issues. The analysis shows how use of these principles leads to quite different conclusions than those of most previous such economic analyses, as follows: The economic benefits of reducing CO2 emissions may be about two orders of magnitude less than those estimated by most economists because the climate sensitivity factor (CSF is much lower than assumed by the United Nations because feedback is negative rather than positive and the effects of CO2 emissions reductions on atmospheric CO2 appear to be short rather than long lasting. The costs of CO2 emissions reductions are very much higher than usually estimated because of technological and implementation problems recently identified. Geoengineering such as solar radiation management is a controversial alternative to CO2 emissions reductions that offers opportunities to greatly decrease these large costs, change global temperatures with far greater assurance of success, and eliminate the possibility of low probability, high consequence risks of rising temperatures, but has been largely ignored by economists. CO2 emissions reductions are economically unattractive since the very modest benefits remaining after the corrections for the above effects are quite unlikely to economically justify the much higher costs unless much lower cost geoengineering is used. The risk of catastrophic anthropogenic global warming appears to be so low that it is not currently worth doing anything to try to control it, including geoengineering.
Economic analyses of environmental mitigation and other interdisciplinary public policy issues can be much more useful if they critically examine what other disciplines have to say, insist on using the most relevant observational data and the scientific method, and examine lower cost alternatives to the change proposed. These general principles are illustrated by applying them to the case of climate change mitigation, one of the most interdisciplinary of public policy issues. The analysis shows how use of these principles leads to quite different conclusions than those of most previous such economic analyses, as follows: The economic benefits of reducing CO(2) emissions may be about two orders of magnitude less than those estimated by most economists because the climate sensitivity factor (CSF) is much lower than assumed by the United Nations because feedback is negative rather than positive and the effects of CO(2) emissions reductions on atmospheric CO(2) appear to be short rather than long lasting. The costs of CO(2) emissions reductions are very much higher than usually estimated because of technological and implementation problems recently identified. Geoengineering such as solar radiation management is a controversial alternative to CO(2) emissions reductions that offers opportunities to greatly decrease these large costs, change global temperatures with far greater assurance of success, and eliminate the possibility of low probability, high consequence risks of rising temperatures, but has been largely ignored by economists. CO(2) emissions reductions are economically unattractive since the very modest benefits remaining after the corrections for the above effects are quite unlikely to economically justify the much higher costs unless much lower cost geoengineering is used.The risk of catastrophic anthropogenic global warming appears to be so low that it is not currently worth doing anything to try to control it, including geoengineering. PMID:21695026
Bagdoev, Alexsander; Vardanyan, Sedrak; Karapetyan, Diana; Martirosyan, Hegnar
By methods of wave dynamics nonlinear equations for economic dynamical processes are derived. They deal both with the transition probabilities of Markov diffusion processes and the ones of random functions values. By using the mean curves of variations of random functions values with respect to time the nonlinear equations coefficients are ob-tained. Analytic and numerical solutions for several economic problems, such as the Black-Sholes precise bonds dynam-ics problem and others are found
Ashtiani, Elham Feizi; Niksokhan, Mohammad Hossein; Jamshidi, Shervin
This research aims to study a novel approach for waste load allocation (WLA) to meet environmental, economical, and equity objectives, simultaneously. For this purpose, based on a simulation-optimization model developed for Haraz River in north of Iran, the waste loads are allocated according to discharge permit market. The non-dominated solutions are initially achieved through multiobjective particle swarm optimization (MOPSO). Here, the violation of environmental standards based on dissolved oxygen (DO) versus biochemical oxidation demand (BOD) removal costs is minimized to find economical total maximum daily loads (TMDLs). This can save 41% in total abatement costs in comparison with the conventional command and control policy. The BOD discharge permit market then increases the revenues to 45%. This framework ensures that the environmental limits are fulfilled but the inequity index is rather high (about 4.65). For instance, the discharge permit buyer may not be satisfied about the equity of WLA. Consequently, it is recommended that a third party or institution should be in charge of reallocating the funds. It means that the polluters which gain benefits by unfair discharges should pay taxes (or funds) to compensate the losses of other polluters. This intends to reduce the costs below the required values of the lowest inequity index condition. These compensations of equitable fund allocation (EFA) may help to reduce the dissatisfactions and develop WLA policies. It is concluded that EFA in integration with water quality trading (WQT) is a promising approach to meet the objectives. PMID:26205280
Smith, Tracy T; Sved, Alan F; Hatsukami, Dorothy K; Donny, Eric C
Urgent action is needed to reduce the harm caused by smoking. Product standards that reduce the addictiveness of cigarettes are now possible both in the U.S. and in countries party to the Framework Convention on Tobacco Control. Specifically, standards that required substantially reduced nicotine content in cigarettes could enable cessation in smokers and prevent future smoking among current non-smokers. Behavioral economics uses principles from the field of microeconomics to characterize how consumption of a reinforcer changes as a function of the unit price of that reinforcer (unit price=cost/reinforcer magnitude). A nicotine reduction policy might be considered an increase in the unit price of nicotine because smokers are paying more per unit of nicotine. This perspective allows principles from behavioral economics to be applied to nicotine reduction research questions, including how nicotine consumption, smoking behavior, use of other tobacco products, and use of other drugs of abuse are likely to be affected. This paper reviews the utility of this approach and evaluates the notion that a reduction in nicotine content is equivalent to a reduction in the reinforcement value of smoking-an assumption made by the unit price approach. PMID:25025523
This paper presents a novel and efficient approach through a hybrid integer coded differential evolution - dynamic programming (ICDEDP) scheme to solve the economic dispatch (ED) problem with multiple fuel options. A dynamic programming (DP) based simplified recursive algorithm is developed for optimal scheduling of the generating units in the ED problem. The proposed hybrid scheme is developed in such a way that an integer coded differential evolution (ICDE) is acting as a main optimizer to identify the optimal fuel options, and the DP is used to find the fitness of each agent in the population of the ICDE, which makes a quick decision to direct the search towards the optimal region. The hybrid ICDEDP decision vector consists of a sequence of integer numbers representing the fuel options of each unit to optimize quality of search and computation time. A gene swap operator is introduced in the proposed algorithm to improve its convergence characteristics. In order to show the efficiency and effectiveness, the proposed hybrid ICDEDP approach has been examined and tested with numerical results using the ten generation unit economic dispatch problem with multiple fuel options. The test result shows that the proposed hybrid ICDEDP algorithm has high quality solution, superior convergence characteristics and shorter computation time
Consideration is made of some of the fundamental ideas and notions, concerned with the quantitative methods of optimizing of radiation protection: modern interpretation of the principle ALARA, definition of the terms 'benefit' and 'harm', the general quantitative measures for evaluation, the socio-economic value of the unit 'collective effective equivalent dose', etc
Full Text Available During the last few years the entire world experienced one of the most turmoil period in its history. Economic crisis is the most traumatic event leading to a substantial deterioration in the quality of life of the household. Unemployment, inflation rate increasing, freezing or decreasing of the wages, the purchasing power decreasing, the decreasing of the investments value represent only of some economic shocks that hit most of the individuals, in the last few years. The individual well-being is determinate by many things like the level and secure income, labor market status, job stability and characteristics, health status, social relationships, family etc. In some ways and to a different extent all these were affected by the economic crisis, for many people, around the world. Empirical evidence presented in different international studies emphasized a causal relation between all these aspects. The purpose of the present study was to identify the economic and health consequences of the economic crisis adopting a psychological perspective. The results of the study emphasize that there is a causal relationship between psychological factors and almost all the dimensions of economic behavior and health status measured. Also, the empirical findings uphold that those who are more risk averse and have the highest perception over the risk exposure are taping the highest values regarding the main stressors measured and present more intense symptoms of stress exposure. The limits of the study come from the fact that health consequences were measured in certain period of time (the last six months, thus, this study do not offer a long term evaluation.
Mandić, Vladimir; Markkula, Jouni; Oivo, Markku
This paper presents results of a literature analysis on Empirical Research Approaches in Software Engineering (SE). The analysis explores reasons why traditional methods, such as statistical hypothesis testing and experiment replication are weakly utilized in the field of SE. It appears that basic assumptions and preconditions of the traditional methods are contradicting the actual situation in the SE. Furthermore, we have identified main issues that should be considered by the researcher when selecting the research approach. In virtue of reasons for weak utilization of traditional methods we propose stronger use of Multi-Method approach with Pragmatism as the philosophical standpoint.
Scriven, M. C.
Insight is provided toward the development of an optimal program for investment analysis of project proposals offering commercial potential and its components. This involves a critique of economic investment criteria viewed in relation to requirements of engineering economy analysis. An outline for a systems approach to project analysis is given Application of the Leontief input-output methodology to analysis of projects involving multiple processes and products is investigated. Effective application of elements of neoclassical economic theory to investment analysis of project components is demonstrated. Patterns of both static and dynamic activity levels are incorporated.
Sangwan, N.; Merwade, V.
Floods are the most damaging of all natural disasters, adversely affecting millions of lives and causing financial losses worth billions of dollars every year across the globe. Flood inundation maps play a key role in the assessment and mitigation of potential flood hazards. However, there are several communities in the United States where flood risk maps are not available due to the lack of the resources needed to create such maps through the conventional modeling approach. The objective of this study is to develop and examine an economical alternative approach to floodplain mapping using widely available SSURGO soil data in the United States. By using the state of Indiana as a test case, floodplain maps are developed for the entire state by identifying the flood-prone soil map units based on their attributes recorded in the SSURGO database. For validation, the flood extents obtained from the soil data are compared with the extents predicted by other floodplain maps, including the Federal Emergency Management Agency (FEMA) issued Flood Insurance Rate Maps (FIRM), flood extents observed during past floods, and other flood maps derived using Digital Elevation Models (DEMs). In general, SSURGO based floodplain maps are found to be largely in agreement with flood inundation maps created by FEMA. Comparison between the FEMA maps and the SSURGO derived floodplain maps show an overlap ranging from 65 to 90 percent. Similar results are also found when the SSURGO derived floodplain maps are compared with FEMA maps for recent flood events in other states including Minnesota, Washington and Wisconsin. Although not in perfect conformance with reference flood maps, the SSURGO soil data approach offers an economical and faster alternative to floodplain mapping in areas where detailed flood modeling and mapping has not been conducted.
Sara Parry; Beata Kupiec-Teahan
Purpose The aim of this article is to develop an understanding of marketing and customer relationships in software SMEs using a mixed methods approach.Design/Methodology/Approach The methodology combined qualitative research methods along with quantitative Adaptive Conjoint Analysis (ACA). Qualitative methods included two case studies of SMEs in the software industry which was supported by participant observation of both SMEs. In order to ascertain detailed customer perceptions and expectatio...
Tamlin S. Conner; Tennen, Howard; Fleeson, William; Barrett, Lisa Feldman
Experience sampling methods are essential tools for building a modern idiographic approach to understanding personality. These methods yield multiple snapshots of people’s experiences over time in daily life and allow researchers to identify patterns of behavior within a given individual, rather than strictly identify patterns of behavior across individuals, as with standard nomothetic approaches. In this article, we discuss the origin and evolution of idiographic methods in the field of pers...
Full Text Available In this study we investigate the inter-temporal causal relationship among Economic growth, Oil products consumption, Electricity consumption and Price (intermittent variable during 1973-2006. We employ the Autoregressive Distributed Lag (ARDL-Bounds Testing approach by Pesaran et al (2001. The result of bounds test shows that there is long run co-integration among economic growth, Price, Oil products consumption and economic growth, Price, Electricity consumption. Also the result shows that there is unidirectional casual effect of Oil products consumption and Electricity consumption on economic growth and the impact of these two variables on economic growth in long run is negative. Hence, waste and deficient of oil product consumption and electricity consumption in long run are a deterrent for economic growth in Iran’s economy. Thus, energy saving policies should be selected by policymakers in Iran’s economy.
Bankole, Felix Olu; Mimbi, Lucas
For the past two decades, the discussion regarding the effect of ICT on health systems is becoming apparent. However, past studies have mainly focused on ICT impact on specific social-economic phenomena. Little empirical research on ICT and health systems exists. Many African countries have invested in ICT and there is a need to examine if such investments have impacted on health system of these countries. Using a multi-method approach, data for 27 African countries were analysed. We employed...
Melanie Marks; Scott Wentland; Abbey O'Connor
This article offers a practical way for economic educators to integrate marketing into economics principles courses by connecting economic principles and data to advertisements used during the "Great Recession." While most business students are required to take economic principles courses, few appreciate how economic theory applies to different disciplines. To help economic educators integrate material across disciplines, we provide specific connections to marketing for topics commonly taught...
Applying the economic principles, this article carries out the assessment of economic performances brought by forestry research achievement through research and discussion on the assessment method of economic performances of provenance popularization of Pinus massoniana L. The article also brings in the option method to fully display the value of forest research achievement.
A regional multiple-objectiv e water-resource and economic optimization model wasdevelopednsingaqnantita-five method of systematic analysis. Input to the model includes indexes of economic structure and development, wa-ter-resource utilization, wastewater and pollutant discharge, and investment in wastewater treatment. The model, whichconsists of production-structure and industrial-structure optimization modules, was applied to the Guanzhong region in themiddle reaches of the Huanghe (Yellow) River basin in China. By evaluating several alternative production and industrializa-tion schemes, the modal indicate that water pollution will get worsen though wastewater treatment improves if the economycontinues to develop at the planned speed without structural adjustment. However, the results also show that not only econom-ic goals but also water-resource protection and pollution-control targets can be achieved under an alternative, recommend-ed production and industrial structure. This example illustrates that economic development and environmental protectioncan be improved coordinately by the regional multiple-objective water-resource and economic optimization model. It pro-vides an operable approach to the simultaneous sustained development of water resources and economic growth.
At present time, a transition is made to market mechanisms of economy functioning based on equilibrium price formation for products of enterprises and their self-financing. Based on long-term forecasts of economic development, electric power industry should not only ensure preservation of the accumulated potential but should also provide for modernization, reconstruction, service life extension of operating power facilities and construction of new ones. Under market conditions, nuclear power installations will have to prove their right to exist and develop in competition with other power technologies. In these conditions, the responsibility is growing for the correctness of investment decisions taken in the power industry and methods on which they are based. This paper analyzes currently used calculation methods for economic efficiency of investment projects. It emphasizes the limitations and drawbacks of the existing methodical approaches, and their inconsistency with market economy and scientific and technological progress (STP). The said drawbacks lead to serious mistakes in evaluating the prospects for the development of nuclear power. The paper describes a methodical approach based on equilibrium price formation that does not have the said drawbacks and may be used as the basis for further work on creation of improved calculation methods for the economic efficiency of investment projects in nuclear power. (authors)
武藤, 宣道; Nobumichi, MUTOH
This paper examines the new field of community economics with respect to Japan. A number of studies in community economics have already been produced in OECD countries including the United States. Although these are of great interest, each country has its own historical, socioeconomic context and must therefore develop its own approach to community economics. Community-oriented economics is neither macro-nor micro-economics in the standard economics textbook sense. Most community economics st...
Cullinane Thomas, Catherine; Huber, Christopher; Skrabis, Kristin; Sidon, Joshua
Federal investments in ecosystem restoration projects protect Federal trusts, ensure public health and safety, and preserve and enhance essential ecosystem services. These investments also generate business activity and create jobs. It is important for restoration practitioners to be able to quantify the economic impacts of individual restoration projects in order to communicate the contribution of these activities to local and national stakeholders. This report provides a detailed description of the methods used to estimate economic impacts of case study projects and also provides suggestions, lessons learned, and trade-offs between potential analysis methods.
Phoebe Koundouri; Nikos Papandreou; Mavra Stithou; Osiel Davila
In order to make possible an economic estimation of industrial pollution, which is one of the main polluters in the Asopos River Basin (RB), another method that of Benefit Transfer (BT) was applied and is presented in this chapter. The fact that gathering primary site-specific data is costly and time-consuming has made BT a more and more popular alternative for the valuation of ecosystem goods and services and it offers a considerable potential in the light of the EU Water Framework Directive...
Full Text Available Problem statement: The Trans-Pacific Strategic Economic Partnership Agreement (TPP is a high standard and broad based Free Trade Agreement that aims to integrate the economies of the Asia-Pacific region. Recently, the US is pressing Japan to join the group. Japan is considering joining the TPP because of the dual considerations of its own economy and the political situation in East Asia. While, South Korea has yet to agree to join the TPP over concerns that their agriculture will be seriously affected. In addition, Japan and the US are employing both military and economic strategies to isolate China. However, China has contacted those already participating in TPP negotiations and shares some common views with Japan and South Korea on agricultural issues. Therefore, in this study, we attempt to assess the possibility of reaching full trade liberalization or trade creation through the TPP with the addition of new member countries including Japan, Korea and China. Approach: A Computable General Equilibrium (CGE or Global Trade Analysis Project (GTAP model is used to evaluate the economic effects of a TPP agreement among TPP countries with trade creation. In this study, seven cases were created to distinguish the welfare and trade effects of policy changes. Results: We found that the new member countries among TPP countries with East Asia countries including Japan, South Korea and China would benefit from the FTA among member countries. They gain much more from the real GDP and welfare than the TPP agreement, particularly Vietnam and Korea. This is particularly a fact for trade in the meat product sectors between TPP with Japan, Korea and China, which most of them gain benefit. Conclusion: Therefore, the TPP would benefit both economies and welfare with the eliminate tariff rate.
Capcarova, Marcela; Zbynovska, Katarina; Kalafova, Anna; Bulla, Jozef; Bielik, Peter
The contamination of food and feed by mycotoxins as toxic metabolites of fungi is a risk not only for consumers resulting in various embarrassment regarding health status and well-being, but also for producers, companies and export market on the ground of economic losses and ruined stability of economic trade. As it is given in historical evidence, the contamination of food by mycotoxins is a topic as old as a history of mankind, finding some evidence even in the ancient books and records. Nowadays, the mycotoxins are used in modern biotechnological laboratories and are considered an agent for targeting the specific cells (e.g., defected cells to eliminate them). However, this promising procedure is only the beginning. More concern is focused on mycotoxins as abiotic hazard agents. The dealing with them, systematic monitoring, and development of techniques for their elimination from agricultural commodities are worldwide issues concerning all countries. They can be found alone or in co-occurrence with other mycotoxins. Thus, this review aims to provide widened information regarding mycotoxins contamination in environment with the consequences on health of animals and humans. The inevitability for more data that correctly determine the risk points linked to mycotoxins occurrence and their specific reactions in the environment is demonstrated. This review includes various symptoms in animals and humans that result from mycotoxin exposure. For better understanding of mycotoxin's impact on animals, the sensitivities of various animal species to various mycotoxins are listed. Strategies for elimination and preventing the risks of mycotoxins contamination as well as economical approach are discussed. To complete the topic, some data from past as historical evidences are presented. PMID:26786025
The bachelor's thesis aims on teaching methods. The theoretical part is about economics as a school subject, its content, aims, key competence and about factors that influence a learning process. The major part deals with teaching methods. They are classified in groups according to different criteria. There are also criteria of choosing the teaching methods. The practical part presents results from questionnaires given to students and teachers at secondary commercial schools. The aim is to fi...
Dewey, Cate; Haley, Charles; Widowski, Tina; Friendship, Robert; Sunstrum, Janet; Richardson, Karen
Epidemiologists use the analyses of large data sets collected for production or economic purposes to research production nonhuman animal welfare issues in the commercial setting. This approach is particularly useful if the welfare issue is rare or hard to reproduce. However, to ensure the information is accurate, it is essential to carefully validate these data. The study used economic data to research in-transit deaths of finishing pigs. The most appropriate model to fit the distribution of the outcome must be selected. A negative binomial model fit these data because the prevalence was low and most lots of pigs had no deaths. The study used hierarchical dummy variables to identify thresholds of temperature and humidity above which in-transit losses increased. Multiple variable modeling provides the foundation for the strength of epidemiological research. The model identifies the association between each factor and the outcome after controlling for the other factors in the model. The study evaluated confounding and interaction. Bias may be introduced when data are limited to one farm system, one abattoir, or one season. Census data enable us to understand the entire industry. PMID:19319713
Full Text Available Background and Objectives: Linear alkyl benzene sulfonates are widely used as surfactants in formulated detergent products. Because of their use in household and industrial detergents, LAS is discharged into wastewater collection systems and subsequently entered to wastewater treatment plants. Therefore, it is important to determine the concentration of LAS with accuracy. They are usually determined by standard method which is time-consuming,tedious and requires great quantities of chloroform. IN 2006 E.Jurado et al proposed a simplified method for measurement of LAS. In the present work the standard method and E.Jurado simplified method was compared economically.Material and Methods: In this work NPV method was used for accounting the cost of initial investment, consumable material, non-consumable equipment and annual cost of staff and finally Net Present Value was calculated for them separately. The rate of interest was considered 15%.Results: calculation showed initial investment, annual cost of staff and materials for standard method 13351981, 499968 and 1710981 RLS, respectively. And these costs for simplified method were 12048202, 83328 and 58202 RLS, respectively. Finally NPV for standard method and simplified method were equal to 30360709 and 14681848 RLS.Conclusion: The method proposed by E.Jurdo et al is simple, time consuming and more economical than standard method .This technique can be suggested applying to the routine measurement of LAS in wastewater treatment plants.
Bernardus Bala de Rosari
Full Text Available This research aimed at analysing the demand and allocation of credit and capital supports by farm household and impact on production, consumption, and investment. The research was conducted in East Nusa Tenggara Timur (ENT Province, one of targeted region of credit and capital supports policy of the government. Data collection was conducted from April to June 2013 by sampling for 178 households of farmers in Kupang District and Timor Tengah Selatan (TTS District. The result of this research showed that the allocation of credit and capital supports caused increaseof cattle production, consumption expenditure, and investment. The usage of credit and capital supports was depend on economical situation of the household itself. The decision of farm household on using credit and capital supports had impact on overall economical behavior of household, i.e. production, consumption and investment behavior. The transmission use was reciprocally interacted. Finally, the policy of credit and capital supports scheme for farmers should be adjusted with the context of farm household economics.
Juan Ricardo Perilla
Full Text Available A non-parametric approach based on DEA techniques is used to dis- entangle the relationship between innovation growth and per-capita GDP growth in a sample of 30 countries during 1996-2008. The decomposition of GDP-growth brings support to the notion of advantage of backward- ness. It leads to conclude that, in the context of innovation, both the process of catching-up and technological change play an important explanation of the dynamics of economic growth. This is in sharp contrast to alternative evidence that brings more support to the importance of capital deepening in explaining labour growth productivity.
periods, unit timing (spread of investments over time); and, possibly, greater involvement of local industry and local labour. The effectiveness of all of these approaches to SMR design and deployment depends on the application and on market variables, such as interest rates, and needs to be assessed and demonstrated for specific cases. Upon the advice and with the support of IAEA Member States, the IAEA provides a forum for the exchange of information by experts and policy makers from industrialized and developing countries on the technical, economic, environmental and social aspects of SMR development and implementation in the twenty-first century, and makes this information available to all interested Member States by producing status reports and other publications dedicated to advances in SMR design and technology development. This report was prepared to assist existing and potential stakeholders in Member States in understanding the economic competitiveness of SMR technologies compared to other energy sources and large reactors (LRs); to provide information on available approaches and frameworks to assess the economic competitiveness of advanced SMRs and LRs under specific conditions of their application; and to share knowledge on positive experiences of several Member States that are introducing SMRs into their energy mix. The report is intended for a variety of stakeholders including: design organizations involved in SMR development programmes; investors and potential users of innovative SMRs; and officers in the ministries or atomic energy commissions in Member States responsible for implementing nuclear technology development programmes or evaluating nuclear power deployment options in the near, medium and longer term. The main sections of this report highlight the experience with and future plans for SMRs in several Member States, and present the available methodological options to assist design organizations and guide potential users on the economic performance
This paper presents a case study of technical and economic optimization of the periodicity of predetermined preventive maintenance actions carried out on a repairable industrial system from an EDF electric power plant. This analysis is conducted with the MARS software tool (MARS for “maintenance assessment of repairable systems”), developed jointly by Grenoble University and EDF R and D. The innovative aspect of this work lies in the integrated approach that is used, combining two steps. A first estimation step retrospectively assesses maintenance effect on system reliability. A second simulation step predicts the behavior of the maintained system over the time period set as an objective by the operator. The different stages of the case study are described in detail with elaborated considerations about optimization of the periodicity of preventive maintenance
Perekhozhuk, Oleksandr; Glauben, Thomas; Grings, Michael;
This study discusses two widely used approaches in the New Empirical Industrial Organization (NEIO) literature and examines the strengths and weaknesses of the Production-Theoretic Approach (PTA) and the General Identification Method (GIM) for the econometric analysis of market power in agricultu...
Dhingra, Sunita; Angrish, Chetna
Qualitative organic analysis of an unknown compound is an integral part of the university chemistry laboratory curriculum. This type of training is essential as students learn to approach a problem systematically and to interpret the results logically. However, considerable quantities of waste are generated by using conventional methods of…
Christiansen, Lasse Hjuler; Capolei, Andrea; Jørgensen, John Bagterp
optimization methods focus on mitigation of geological risks related to the long-term net present value (NPV). A major drawback of such methods is that the time-dependent and exceedingly growing uncertainty of oil prices implies that long-term predictions become highly unreliable. Conventional methods...... therefore leave the oil production subject to substantial economical risk. To address this challenge, this paper introduces a novel set of time-explicit (TE) methods, which combine ideas of multi-objective optimization and ensemble-based risk mitigation into a computationally tractable joint effort...... of mitigating economical and geological risks. As opposed to conventional strategies that focus on a single long-term objective, TE methods seek to reduce risks and promote returns over the entire reservoir life by optimization of a given ensemble-based geological risk measure over time. By explicit involvement...
G. M. Zabolotnyy; S. V. Kozlovskiy
In modern conditions of functioning and development of economic systems it is expedient to specify the term „new economy” in the aspect of economic systems. In the given aspect „new economy” may be examined from positions of "modern economic system”.The modern economic system is a set of economic systems of a different level: the state, regions, areas, the enterprises etc.
Niemi, J K; Sevón-Aimonen, M-L; Stygar, A H; Partanen, K
The selection of animals for improved performance affects the profitability of pig fattening and has environmental consequences. The goal of this paper was to examine how changes in genetic and market parameters impact the biophysical (feeding patterns, timing of slaughter, nitrogen excretion) and economic (return per pig space unit) results describing pig fattening in a Finnish farm. The analysis can be viewed as focusing on terminal line breeding goals. An integrated model using recursive stochastic dynamic programming and a biological pig growth model was used to estimate biophysical results and economic values. Combining these models allowed us to provide more accurate estimates for the value of genetic improvement and, thus, provide better feedback to animal breeding programs than the traditional approach, which is based on fixed management patterns. Besides the benchmark scenario, the results were simulated for 5 other scenarios. In each scenario, genotype was improved regarding daily growth potential, carcass lean meat content, or the parameters of the Gompertz growth curve (maturing rate , adult weight of protein [α], and adult weight of lipid mass ). The change in each parameter was equal to approximately 1 SD genetic improvement (ceteris paribus). Increasing , , daily growth potential, or carcass lean meat content increased the return on pig space unit by €12.60, €7.60, €4.10, or €2.90 per year, respectively, whereas an increase in decreased the return by €3.10. The genetic improvement in and resulted in the highest decrease in nitrogen excretion calculated in total or per kilogram of carcass gain but only under the optimal feeding pattern. Simulated changes in the Gompertz growth function parameters imply greater changes in ADG and lean meat content than changes in scenarios focusing on improving ADG and lean meat content directly. The economic value of genetic improvements as well as the quantity of nitrogen excreted during the fattening
Deviren, Seyma Akkaya; Deviren, Bayram
Carbon dioxide (CO2) emission has an essential role in the current debate on sustainable development and environmental protection. CO2 emission is also directly linked with use of energy which plays a focal role both for production and consumption in the world economy. Therefore the relationship between the CO2 emission and economic growth has a significant implication for the environmental and economical policies. In this study, within the scope of sociophysics, the topology, taxonomy and relationships among the 33 countries, which have almost the high CO2 emission and economic growth values, are investigated by using the hierarchical structure methods, such as the minimal spanning tree (MST) and hierarchical tree (HT), over the period of 1970-2010. The average linkage cluster analysis (ALCA) is also used to examine the cluster structure more clearly in HTs. According to their proximity, economic ties and economic growth, different clusters of countries are identified from the structural topologies of these trees. We have found that the high income & OECD countries are closely connected to each other and are isolated from the upper middle and lower middle income countries from the MSTs, which are obtained both for the CO2 emission and economic growth. Moreover, the high income & OECD clusters are homogeneous with respect to the economic activities and economic ties of the countries. It is also mentioned that the Group of Seven (G7) countries (CAN, ENG, FRA, GER, ITA, JPN, USA) are connected to each other and these countries are located at the center of the MST for the results of CO2 emission. The same analysis may also successfully apply to the other environmental sources and different countries.
Samuels, Warren J.
Institutional economics remains a viable alternative approach to economics. It stresses power, technology, and a holistic and evolutionary approach while critiquing the neoclassical approach. General features of institutional economics are examined, and the work of institutionalists in specific areas is discussed. (RM)
Full Text Available The main goal of this paper is to provide a novel risk aversion model for long-term electric power system planning from the manager’s perspective with the consideration of various uncertainties. In the proposed method, interval parameter programming and two-stage stochastic programming are integrated to deal with the technical, economics, and policy uncertainties. Moreover, downside risk theory is introduced to balance the trade-off between the profit and risk according to the decision-maker’s risk aversion attitude. To verify the effectiveness and practical application of this approach, an inexact stochastic risk aversion model is developed for regional electric system planning and management in Ningxia Hui Autonomous Region, China. The series of solutions provide the decision-maker with the optimal investment strategy and operation management under different future emission reduction scenarios and risk-aversion levels. The results indicated that pollution control devices are still the main measures to achieve the current mitigation goal and the adjustment of generation structure would play an important role in the future cleaner electricity system with the stricter environmental policy. In addition, the model can be used for generating decision alternatives and helping decision-makers identify desired energy structure adjustment and pollutants/carbon mitigation abatement policies under various economic and system-reliability constraints.
Tang, Yi Shin
The article discusses the most recent developments regarding the use of the so-called “economic analysis” approaches to international law. It reviews the main features of this methodology and its potential contribution for promoting critical scholarship in international legal studies, particularly...... in specific contemporary issues such as international security, trade and environment. The article also points out the most important limitations of this approach, which mainly derive from a misunderstanding of the assumptions behind the use of rational choice theories, particularly through a...... recurrent oversimplification of international relations literature...
Lean production methods for eliminating waste and improving processes in manufacturing are now being applied in healthcare. As the author shows, the methods are appropriate for redesigning hospital facilities. When used in an integrated manner and employing teams of mostly clinicians, the methods produce facility designs that are custom-fit to patient needs and caregiver work processes, and reduce operational costs. The author reviews lean methods and an approach for integrating them in the redesign of hospital facilities. A case example of the redesign of an emergency department shows the feasibility and benefits of the approach. PMID:22671435
This paper deals with a risk-economic approach to nuclear power generation, a very timely yet rather neglected area in the economics profession. The economic and psychological consequences of Japan's recent catastrophe have been so grave and wide-spread, thus calling for careful reexamination of the economics of risk and uncertainty. It is Daniel Bernoulli, a mathematical genius of the 18th century, who first introduced the expected utility theory into decision making under risk. Although a great deal of applications has been done in many areas since then, it appears that the most recent nuclear meltdown of Japan is casting serious doubt upon the general validity of existing risk theories. It is high time for us to establish a new comprehensive approach by taking account of psychological, sociological, cultural, and historical factors. (author)
Eisenkopf, Gerald; Sulser, Pascal A.
The authors present results from a comprehensive field experiment at Swiss high schools in which they compare the effectiveness of teaching methods in economics. They randomly assigned classes into an experimental and a conventional teaching group, or a control group that received no specific instruction. Both teaching treatments improve economic…
This investigation examines different approaches for the GHG flux accounting of activities within a tight boundary of biomass C cycling, with scope limited to exclude all other aspects of the lifecycle. Alternative approaches are examined that a) account for all emissions including biogenic CO2 cycling – the biogenic method; b) account for the quantity of C that is moved to and maintained in the non-atmospheric pool – the stock method; and c) assume that the net balance of C taken up by biomass is neutral over the short-term and hence there is no requirement to include this C in the calculation – the simplified method. This investigation demonstrates the inaccuracies in both emissions forecasting and abatement calculations that result from the use of the simplified method, which is commonly accepted for use. It has been found that the stock method is the most accurate and appropriate approach for use in calculating GHG inventories, however short-comings of this approach emerge when applied to abatement projects, as it does not account for the increase in biogenic CO2 emissions that are generated when non-CO2 GHG emissions in the business-as-usual case are offset. Therefore the biogenic method or a modified version of the stock method should be used to accurately estimate GHG emissions abatement achieved by a project. This investigation uses both the derivation of methodology equations from first principles and worked examples to explore the fundamental differences in the alternative approaches. Examples are developed for three project scenarios including; landfill, combustion and slow-pyrolysis (biochar) of biomass. -- Highlights: • Different approaches can be taken to account for the GHG emissions from biomass. • Simplification of GHG accounting methods is useful, however, can lead to inaccuracies. • Approaches used currently are often inadequate for practises that store carbon. • Accounting methods for emissions forecasting can be inadequate for
De Fusco, Lucio; Jeanmart, Hervé; Blondeau, Julien
Fuel drying is an energetically and economically expensive pretreatment process, which may not be worth the investment in the case of small-scale generation plants. This paper presents an investigation on the air dryer feasibility to enhance the operation of biomass steam boiler. In the proposed approach, the external drying technology using preheated air and the biomass steam production system is modelled in terms of energy and an economical analysis. A focus is given to the system size infl...
Hussin Abdullah; Muzafar Shah Habibullah; Ahmad Zubaidi Baharumshah
This paper investigates the relationship between fiscal policy, institutions and economic growth in Asian between 1982 and 2001 through the application of Pedroni’s Cointegration approach. It examines three different channels through which fiscal policy can affect long run economic growth in Asia. The first channel is when components of fiscal policy affects the real per capita GDP and the second channel is when the institutions included in components of fiscal policy affects the real per cap...
Theofanis Papageorgiou; Panayotis G. Michaelides; John G. Milios
Purpose – The purpose of this paper is to deal with questions of instability and economic crises, deriving theoretical arguments from Marx's and Schumpeter's works and presenting relevant empirical evidence for the case of the US food manufacturing sector. Design/methodology/approach – The paper attempts to interpret the economic fluctuations in the US food sector and find causal relationships between the crucial variables dictated by Schumpeterian and Marxian theory, such as technological ch...
A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of financeThe use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications.The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions.Among this book''s most outstanding features is the...
Full Text Available Release Volatile organic compounds (VOCs as environmental and occupational pollutant cause macro perspective affect such as climate change, humans and economic consequences. Although fixed bed absorber is widely used as a controlling method because of its economically and availability, but these absorbers are facing some issue like high pressure drop, non-uniform distribution of fluid, channeling and blocking. Fixed and fluidized beds adsorbent was compared from three economic, environmental and engineering perspectives using Multi Criteria Decision Making analysis (MCDA technique. An annular fluidized bed adsorber was designed and charged with 50-100 µm (100-140 ASTM mesh activated carbon (AC particles. Effects of factors like flow rate, particle size, inlet concentration and adsorption capacity of VOCs was investigated under steady state. In the flow rate less than 0.25(Lit.min-1, inlet gas slowly passes through the void spaces of the bed’s particles. By increasing the inlet flow from 0.3(Lit/min-1, bubbles start to form in the bed and the bed pressure drop decrease. The pressure drop of 6 (g of AC in minimum fluidization velocity was 20(KN.m-2. However, the pressure drop of 10 and 20(g of AC were 150 and 420(KN.m-2 respectively. “maximin” technique used for comparison of two beds indicated that minimum score of pack bed absorber are 0.37 while the minimum score of fluidized bed adsorber are 0.5. It indicated when the adsorbent particles are smaller, fluidized bed adsorber are more suitable to use. In addition, using MCDA technique indicated that annular fluidized bed adsorber could considered as an alternative of fixed beds adsorber.
Full Text Available Ron Goeree1,2, Jing He1,2, Daria O'Reilly1,2, Jean-Eric Tarride1,2, Feng Xie1,2, Morgan Lim1,2, Natasha Burke1,21Programs for Assessment of Technology in Health (PATH Research Institute, St Joseph's Healthcare Hamilton, ON, Canada; 2Department of Clinical Epidemiology and Biostatistics, McMaster University, Hamilton, ON, CanadaBackground: Health technology assessments (HTA generally, and economic evaluations (EE more specifically, have become an integral part of health care decision making around the world. However, these assessments are time consuming and expensive to conduct. Evaluation resources are scarce and therefore priorities need to be set for these assessments and the ability to use information from one country or region in another (geographic transferability is an increasingly important consideration.Objectives: To review the existing approaches, systems, and tools for assessing the geographic transferability potential or guiding the conduct of transferring HTAs and EEs.Methods: A systematic literature review was conducted of several databases, supplemented with web searching, hand searching of journals, and bibliographic searching of identified articles. Systems, tools, checklists, and flow charts to assess, evaluate, or guide the conduct of transferability of HTAs and EEs were identified.Results: Of 282 references identified, 27 articles were reviewed in full text and of these, seven proposed unique systems, tools, checklists, or flow charts specifically for geographic transferability. All of the seven articles identified a checklist of transferability factors to consider, and most articles identified a subset of 'critical' factors for assessing transferability potential. Most of these critical factors related to study quality, transparency of methods, the level of reporting of methods and results, and the applicability of the treatment comparators to the target country. Some authors proposed a sequenced flow chart type approach
Full Text Available In many species, like the Cape Rock Lobster (Jasus lalandii, the life cycles of males and females differ. This may motivate the use of two-sex models in a stock-assessment analysis. It is also true for this resource, that juveniles do not reach sexual maturity immediately. Therefore a delay-difference model is appropriate. In this study we follow a bio-economic approach and use a two-sex delay-difference model to determine a maximum economic yield strategy. Thus we determine an economic optimum steady state solution at which to harvest this resource subject to the biological constraints of the species.
''Total System Performance Assessment-License Application (TSPA-LA) Methods and Approach'' provides the top-level method and approach for conducting the TSPA-LA model development and analyses. The method and approach is responsive to the criteria set forth in Total System Performance Assessment Integration (TSPAI) Key Technical Issue (KTI) agreements, the ''Yucca Mountain Review Plan'' (CNWRA 2002 ), and 10 CFR Part 63. This introductory section provides an overview of the TSPA-LA, the projected TSPA-LA documentation structure, and the goals of the document. It also provides a brief discussion of the regulatory framework, the approach to risk management of the development and analysis of the model, and the overall organization of the document. The section closes with some important conventions that are utilized in this document.
''Total System Performance Assessment-License Application (TSPA-LA) Methods and Approach'' provides the top-level method and approach for conducting the TSPA-LA model development and analyses. The method and approach is responsive to the criteria set forth in Total System Performance Assessment Integration (TSPAI) Key Technical Issues (KTIs) identified in agreements with the U.S. Nuclear Regulatory Commission, the ''Yucca Mountain Review Plan'' (YMRP), ''Final Report'' (NRC 2003 ), and the NRC final rule 10 CFR Part 63 (NRC 2002 ). This introductory section provides an overview of the TSPA-LA, the projected TSPA-LA documentation structure, and the goals of the document. It also provides a brief discussion of the regulatory framework, the approach to risk management of the development and analysis of the model, and the overall organization of the document. The section closes with some important conventions that are used in this document
Sorin BRICIU; Sorinel CAPUSNEANU
The article looks at the pros and cons for the implementation of Target Costing method in Romanian household appliances manufacturing entities, based on its specific principle. Based on recent results obtained by experts in this field and taking into account the specific aspects of the Romanian economic entities, among the topic’s pursued objectives we enumerate the following: analysis of critical implementation or non-implementation factors related to the Target Costing method and their impa...
Georg Schaur; Michael Watts; William E. Becker
We identify factors related to instructors’ choice of assessment methods in undergraduate economics courses, using national survey data collected in 1995, 2000, and 2005. Respondents were asked to indicate which of 10 different assessment methods they used in four different types of courses (principles, intermediate theory, econometrics and statistics, and other upper-division field courses), and to provide background information on school, department, and individual factors that might influe...
Full Text Available The article under consideration deals with theoretical aspects of the application of program-target methods for budget programs formation. The main drawbacks of the current programs are shown. The efficiency of the Program for small businesses is assessed with economical mathematical methods. An effective mechanism for analyzing the effectiveness of the programs is provided. Reasonable ways of improving the system of programs formation are offered.
Soudarssanane M B
Research question: Can drug inventory control be used as a method of teaching health economics to undergraduate medical students? Objectives: 1. To use drug inventory control method for highlighting the concept of cost â€" analysis with cost â€" effectiveness and 2. Preparing a list of the type and quantity of essential drugs at the health center level given the morbidity pattern and population data. Study design: Lecture- discussion. Setting: Health cen...
WANGXi－qin; LIUChang－ming; 等
A regional multiple-objective water-resource and economic optimization model was developed using a quantitative method of systematic analysis.Input to the model includes indexes of economic structure and development,water-resource utilization,wastewater and pollutant discharge,and investment in wastewater treatment.The model,which consists of producton-structure and industrial-structure optimization modules,was applied to the Guanzhong region in the middle reaches of the Huanghe(Yellow) River basin in China.By evaluating several alternative production and industrialization schemes,the modal indicate that water pollution will get worsen though wastewater treatment improves if the economy continues to develop at the planned speed without structural adjustment.However,the results also show that not only economic goals but also water-resource protection and pollution-control targets can be achieved under an alternative,recommended production and industrial structure.This example illustrates that economic development and environmental protection can be improved coordinately by the regional multiple-objective water-resource and economic optimization model.It provides an operable approach to the simultaneous sustained development of water resources and economic growth.
Full Text Available Romania has a considerable agricultural potential, Tecuci Plain being one of the nationalagricultural regions with high potential, which can generate economic growth at regional and alsonational level.The study main objective is to analyze thedynamics of the main crops, livestock andcrop production in the region, for each administrative unit, between 1970-2011 trying to determinethe major trends and patterns, identifying the favorable and restriction factors and also thepossibilities of thedevelopment of primary economic activities by practicing a sustainableagriculture.The research usedthe data obtainedfrom the Bucharest National Instituteof Statistics,but also fromlocal institutions(Galati&VasluiCounty Department of StatisticsandGalati&VasluiDepartment for Agriculture andRural Development. We also used the cartographic method in orderto highlight the dynamics of the agricultural activities whichcan beanytimeanalyzed bythelocalauthoritiesdirectlyresponsible forthe evolution ofthe region′sagriculturein the last twodecades.The results reflected significantagriculturaldisparities betweenthe ruraladministrativeunitsfromthecentreof theregion(nearTecuci City and the ones from north and south,disparitieswhich webelieveareclosely related totheimplementationof sustainable agriculture.
Full Text Available University internationalization in the field of education as well as in the field of science and research is one of the main priorities of VŠB – Technical University of Ostrava. VŠB – Technical University of Ostrava has several double degree agreements with foreign universities, mostly from Western Europe – e.g. Great Britain, Finland, but also with foreign universities outside Europe. In 2009 VŠB – Technical University of Ostrava signed a memorandum with Hubei University of Technology. This cooperation involves travelling of the Czech teachers to China and teaching several subjects at Hubei University of Technology as well as teaching 3rd year Chinese students at VŠB – Technical University of Ostrava (Czech Republic. This paper brings own teaching experience of the European lecturer who gave the lectures at the Chinese university for the Chinese students studying in English. Ishikawa diagram was used to determine the main causes of Chinese students’ failure in Business Economics. This paper brings modified methods of teaching Business Economics to be more suitable for Chinese students as well as critical review of Chinese students’ learning styles and characteristics observed by the author of the paper.
The Cartan-Monge geometric approach to the characteristic method for nonlinear partial differential equations of first and higher orders is analyzed within the modern differential-geometric methods. The structure of characteristic vector fields, related with classical and generalized solutions of nonlinear Hamilton-Jacobi type partial differential equations is studied, some interesting examples are presented. (author)
Dobrunova M. A.
The article describes the historical approach to the use of sampling, both in Russia and abroad. The above classification of the main stages in the development of the sampling method in science made it possible to determine the practical significance of the use of this method in the audit practice
Full Text Available The International Atomic Energy Agency (IAEA launched a Coordinated Research Program in 10 developing countries including Pakistan involving small scale market oriented dairy farmers to identify and prioritize the constraints and opportunities in the selected dairy farms, develop intervention strategies and assess the economic impact of the intervention. The interventions in animal health (control of mastitis at sub-clinical stage and reduction in calf mortality, nutrition (balanced feed reproduction (mineral supplementation, and general management (training of farmers were identified and implemented in a participatory approach at the selected dairy farms. The calf mortality was reduced from 35 to 13 percent up to the age of 3 months. Use of Alfa Deval post milking teat dips reduced the incidence of sub-clinical mastitis from 34 to 5% showing economical benefits of the interventions. Partial budget technique was used to analyze its impact in the registered herds. The farmers recorded monthly quantities of different feed ingredients and seasonal green fodder offered to the animals. From this data set total metabolizeable energy requirements and availability from feed were computed which revealed that animals were deficient in metabolizeable energy in all locations. This was also confirmed by seasonal variation in body condition scoring. At some selected farms the mineral mixture supplement was introduced which exhibited increased milk yield by 5 % in addition to shorten service period by 30 days. Three sessions of training were arranged to train the farmers to care new born calves, daily farm management and detect the animals in heat efficiently to enhance the over all income of the farmers. The overall income of the farm was increased by 40%.
The article elaborates some aspects from the economic history of the Russian society in terms of socio-cultural analysis. The author discusses possible ways of the country development under the conditions of globalization and the world economic crisis.
Ramírez Grajeda, Mauricio; de León Arias, Adrián
In 2008, Paul Krugman from Princeton University was awarded the Nobel Prize in Economic Sciences by the Central Bank of Sweden, for his “analysis of trade patterns and location of economic activity”. In this paper we survey the literature, known as the New Economic Geography (NEG), launched by Krugman (1991). In particular, we focus on four topics: (i) NEG roots, (ii) NEG rationale; (ii) the spatial impact of international trade on global economic imbalances; and (iv) the impact of internatio...
Gross Domestic Product (GDP) has been utilized by academics and policy makers to indicate the economic well-being of the people. However, economic growth measures cannot capture fully the overall well-being of the people. This paper has tested quality of economic growth in Japan after World War II as to whether it has brought about positive…
Cracolici, Maria Francesca; Cuffaro, Miranda; Nijkamp, Peter
This paper presents a new analytical framework for assessing spatial disparities among countries. It takes for granted that the analysis of a country's performance cannot be limited solely to either economic or social factors. The aim of the paper is to combine relevant economic and "non-economic" (mainly social) aspects of a country's performance…
Martínez Alier, Joan
Ecological economics is a relatively new interdisciplinary field concerned with the relationship between economic systems and the biological and physical world. This article covers the following topics: A discussion of views on whether ecological economics is just a field or approach within economics or a new ÒtransdisciplinaryÓ field in its own right; Origin of the name of the field; Core common principles of ecological economics; Comparison with environmental economics; Applications; Histor...
Pagola, Guillermo Alejandro [TRANSENER S.A. - Companhia de Transporte de Energia Eletrica em Alta Tensao, Buenos Aires (Argentina)]. E-mail: firstname.lastname@example.org
This document presents the accomplished evaluation analysis in relation to new real time predictive method applicable to circuit breakers through both economical evaluations and reliability calculations.
Full Text Available This paper presents a review of the presentations and synthesis of the discussion during a Symposium on ‘Transformation of rural-urban cultural landscapes in Europe: Integrating approaches from ecological, socio-economic and planning perspectives’ held at the European IALE conference 2009 in Salzburg, Austria. The symposium addressed an extended and much debated subject of the landscape dynamics in Europe. The papers presented during the symposium showcased a broad spectrum of cutting edge research questions and challenges faced by the cultural landscapes of Europe. During six sessions, 18 presentations (besides 20 posters were made by 36 scientists (including co-authors from 14 countries, representing 25 institutions of Europe. A glance at the presentations revealed that the state-of-the-art focuses on driving forces and selected aspects of transformation processes, methods of its analysis and planning support as dimensions of research in this field. However, inter- and transdisciplinary research and integrative approaches to the development of rural-urban cultural landscapes are needed. The extended discussion session at the latter part of the symposium highlighted some critical and unaddressed research questions which remained a pending agenda for future research.
Ultsch, Bernhard; Damm, Oliver; Beutels, Philippe; Bilcke, Joke; Brueggenjuergen, Bernd; Gerber-Grote, Andreas; Greiner, Wolfgang; Hanquet, Germaine; Hutubessy, Raymond; Jit, Mark; Knol, Mirjam; von Kries, Ruediger; Kuhlmann, Alexander; Levy-Bruhl, Daniel; Perleth, Matthias; Postma, Maarten; Salo, Heini; Siebert, Uwe; Wasem, Jurgen; Wichmann, Ole
Incremental cost-effectiveness and cost-utility analyses [health economic evaluations (HEEs)] of vaccines are routinely considered in decision making on immunization in various industrialized countries. While guidelines advocating more standardization of such HEEs (mainly for curative drugs) exist,
Choosing a desired policy for divestiture of dominant firms' generation assets has been a challenging task and open question for regulatory authority. To deal with this problem, in this paper, an analytical method and agent-based computational economics (ACE) approach are used for ex-ante analysis of divestiture policy in reducing market power. The analytical method is applied to solve a designed concentration boundary problem, even for situations where the cost data of generators are unknown. The concentration boundary problem is the problem of minimizing or maximizing market concentration subject to operation constraints of the electricity market. It is proved here that the market concentration corresponding to operation condition is certainly viable in an interval calculated by the analytical method. For situations where the cost function of generators is available, the ACE is used to model the electricity market. In ACE, each power producer's profit-maximization problem is solved by the computational approach of Q-learning. The power producer using the Q-learning method learns from past experiences to implicitly identify the market power, and find desired response in competing with the rivals. Both methods are applied in a multi-area power system and effects of different divestiture policies on market behavior are analyzed.
Choosing a desired policy for divestiture of dominant firms' generation assets has been a challenging task and open question for regulatory authority. To deal with this problem, in this paper, an analytical method and agent-based computational economics (ACE) approach are used for ex-ante analysis of divestiture policy in reducing market power. The analytical method is applied to solve a designed concentration boundary problem, even for situations where the cost data of generators are unknown. The concentration boundary problem is the problem of minimizing or maximizing market concentration subject to operation constraints of the electricity market. It is proved here that the market concentration corresponding to operation condition is certainly viable in an interval calculated by the analytical method. For situations where the cost function of generators is available, the ACE is used to model the electricity market. In ACE, each power producer's profit-maximization problem is solved by the computational approach of Q-learning. The power producer using the Q-learning method learns from past experiences to implicitly identify the market power, and find desired response in competing with the rivals. Both methods are applied in a multi-area power system and effects of different divestiture policies on market behavior are analyzed. (author)
Rahimiyan, Morteza; Rajabi Mashhadi, Habib [Department of Electrical Engineering, Faculty of Engineering, Ferdowsi University of Mashhad, Mashhad (Iran)
Choosing a desired policy for divestiture of dominant firms' generation assets has been a challenging task and open question for regulatory authority. To deal with this problem, in this paper, an analytical method and agent-based computational economics (ACE) approach are used for ex-ante analysis of divestiture policy in reducing market power. The analytical method is applied to solve a designed concentration boundary problem, even for situations where the cost data of generators are unknown. The concentration boundary problem is the problem of minimizing or maximizing market concentration subject to operation constraints of the electricity market. It is proved here that the market concentration corresponding to operation condition is certainly viable in an interval calculated by the analytical method. For situations where the cost function of generators is available, the ACE is used to model the electricity market. In ACE, each power producer's profit-maximization problem is solved by the computational approach of Q-learning. The power producer using the Q-learning method learns from past experiences to implicitly identify the market power, and find desired response in competing with the rivals. Both methods are applied in a multi-area power system and effects of different divestiture policies on market behavior are analyzed. (author)
Research highlights: → A method for the capacity sizing of a small hydropower plant was developed. → The model was developed on the basis of the flow duration curve of the site. → Seven techno-economical parameters were considered in the analysis. → The influence of the design operating conditions on the parameters was analysed. → The method allowed a proper choice of the optimal design operating conditions. -- Abstract: This paper presents a method for the capacity sizing of a small hydropower plant on the basis of techno-economical analyses of the flow duration curve. Seven technical and economical parameters were considered: the turbine type, the turbine dimensions, the annual energy production, the maximum installation height to avoid cavitation inception, the machine cost, the Net Present Value (NPV) and the Internal Rate of Return (IRR). A proper model was proposed to study the effects of the design operating conditions on these parameters. The model, applied to the flow duration curve, allowed to analyse the feasibility, the profitability and the performance of the plant in the available flowing range of the site. To verify the effectiveness of the proposed method, three sites having different flow duration curves were analysed.
Milisavljević Vladimir M.
Full Text Available The paper presents new approach for improving method for quality evaluation and selection of equipment (devices and machinery by applying distinct functions. Quality evaluation and selection of devices and machinery is a multi-criteria problem which involves the consideration of numerous parameters of various origins. Original selection method with distinct functions is based on technical parameters with arbitrary evaluation of each parameter importance (weighting. Improvement of this method, presented in this paper, addresses the issue of weighting of parameters by using Delphi Method. Finally, two case studies are provided, which included quality evaluation of standard boilers for heating and evaluation of load-haul-dump (LHD machines, to demonstrate applicability of this approach. Analytical Hierarchical Process (AHP is used as a control method.
De Vries, M.
Full Text Available Enterprise engineering has recently emerged as a new discipline to address the intensified complexity and dynamics of the evolving enterprise by designing, aligning, and governing its development. Enterprise designers employ various approaches, frameworks, and methodologies to design and align various components in the enterprise. This paper takes a closer look at alignment between the business and IT components of an enterprise, and the need for a theoretical backing when combining multiple approaches during enterprise design. The main contribution of this paper is the development of a method artefact. The method artefact applies an existing model, called the business-IT alignment model, and is useful to enterprise designers when they need to enhance an existing business-IT alignment approach. As an additional contribution, the paper emphasises the role of an emerging research methodology, called design research, in developing the new method artefact. The paper demonstrates the use of the method artefact by enhancing the foundation for execution approach with an element from the essence of operation approach, and concludes with opportunities for further research.
Growth of titanium oxide (TiO2) nanoparticles of varying size, ranging from 20-60 nms through a versatile and an economic route, is being reported. The approach is based on a simple reaction of titanium powder and De-Ionized (DI) water at ∼180 °C, without use of any harmful additives. Field Emission Scanning Electron Microscopy (FESEM) reveals the well defined morphology of nanoparticles, whereas X-ray Diffraction (XRD) studies reveal that the, as prepared, nanoparticles are in a mixed phase, with a dominance of a stable rutile phase. Since only water, which is regarded as a benign solvent, is used during the preparation of nanoparticles, we believe that the products so produced are biocompatible and bio-safe and can be readily used for medical applications. The biocompatibility tests are yet to be carried out and shall be reported in forthcoming publications. © 2011 Sharif University of Technology. Production and hosting by Elsevier B.V. All rights reserved.
Jammazi, Rania; Aloui, Chaker
This paper analyzes the interactive linkages between carbon dioxide (CO2) emissions, energy consumption (EC) and economic growth (EG) using a novel approach namely wavelet windowed cross correlation (WWCC) for six oil-exporting countries from the GCC (Gulf Cooperation Council) region over the period 1980-2012. Our empirical results show that there exists a bidirectional causal relationship between EC and EG. However, the results support the occurrence of unidirectional causality from EC to CO2 emissions without any feedback effects, and there exists a bidirectional causal relationship between EG and CO2 emissions for the region as a whole. The study suggests that environmental and energy policies should recognize the differences in the nexus between EC and EG in order to maintain sustainable EG in the GCC region. Our findings will be useful for GCC countries to better evaluate its situation in the future climate negotiations. The overall findings will help GCC countries assess its position better in future climate change negotiations.
Full Text Available Islamic law prohibits monopoly. The issue had arose since the advent of Islam, whereby it’s used as a strategy to maximize profit, has experienced rapid developments. This article assess the extent of Islamic law in prohibiting monopoly using law and economics approach. The result is that the exercise of caution shall apply in prohibiting monopoly. There are three steps needed in exercising the rule of caution: (1 defining monopoly as the absence of competition and lack of pricing options; (2 providing criteria of what causes monopoly in form of agreements between business competitors who can go against allocative efficiency effectively; and (3 direct the prohibition on monopoly towards agreement on explicit horizontal mergers and very large horizontal mergers which disregards quick mergers. Hukum Islam melarang monopoli. Isunya adalah sejak kedatangan Islam strategi pelaku usaha untuk memaksimalkan keuntungan telah berkembang pesat. Tulisan ini menentukan jangkauan hukum Islam untuk melarang monopoli dengan pendekatan hukum dan ekonomi. Hasilnya kehati-hatian dalam melarang monopoli. Tulisan menguraikan tiga langkah yang dibutuhkan: (1 memaknai monopoli sebagai ketidakhadiran persaingan dan ketiadaan pilihan harga; (2 memberikan kriteria monopoli berupa kesepakatan antar pelaku usaha pesaing yang mampu melawan efisiensi alokasi secara efektif; dan (3 mengarahkan larangan monopoli pada perjanjian horisontal eksplisit dan penggabungan berukuran besar.
Collier, M.; Adams, M. L.; Barabash, S.; Calhoun, P. C.; Clark, P. E.; Farrell, W. M.; Folta, D. C.; Halekas, J.; Haque, S. E.; Hurley, D. M.; Keidar, M.; Keller, J. W.; Killen, R. M.; Kletzing, C.; MacDowall, R. J.; Malphrus, B. K.; McNeil, R. R.; Vondrak, R. R.; Wieser, M.
The Moon breathes hydrogen: solar wind protons and micro-meteoroids deliver hydrogen to the lunar surface at local rates that depend on surface composition, local topography, and the presence of structures such as magnetic anomalies. Because the lunar surface is generally saturated with hydrogen, the implanted hydrogen escapes the surface and forms the hydrogen exosphere through a variety of processes including sputtering, recoil, and diffusion - giving the surface an effective hydrogen "albedo." These processes can lead to hydrogen deposition into cold traps and the formation of OH, and possibly water, through chemical alteration of oxygen-bearing minerals. Exospheric hydrogen is reclaimed by the solar wind as picked-up photoions and chargeexchange products. The exact pathway for each of these processes remains unknown, especially at regional scales, and quantifying each of these processes in this "lunar hydrogen cycle" as a function of solar zenith angle and plasma and space environment will lead to a unified understanding of the plasma, exospheric, and geologic Moon. CubeSats provide a fast, effective, and economical approach to quantifying the currently unknown parameters in the lunar hydrogen cycle.
MacMahon, Shaun; Begley, Timothy H; Diachenko, Gregory W; Stromgren, Selen A
A new analytical method was developed to determine the presence of six (6) compounds with the potential to be used in economic adulteration to enhance the nitrogen content in milk products and bulk proteins. Residues were extracted from the matrix with 2% formic acid, after which acetonitrile (ACN) was added to induce precipitation of the proteins. Extracts were analyzed by liquid chromatography using a ZIC-HILIC column with tandem mass spectrometry (LC-MS/MS) using electrospray ionization (ESI). Single-laboratory method validation data was collected in six matrices fortified at concentrations down to 1.0 μg/g (ppm). Average recoveries and average relative standard deviations (RSD) using spiked matrix calibration standard curves were the following: cyromazine (CY) 95.9% (7.5% RSD), dicyandiamide (DC) 98.1% (5.6% RSD), urea 102.5% (8.6% RSD), biuret (BU) 97.2% (6.6% RSD), triuret (TU) 97.7% (5.7% RSD), and amidinourea (AU) 93.4% (7.4% RSD). This method provides a rapid and effective approach to proactively combat economically motivated adulteration in protein-containing products. PMID:22197251
Kymratova A. M.
Full Text Available The present study was carried out in the view of the fact that there is no more or less complete theory of time series prediction memory to date. This determines the urgency and necessity of the development of new mathematical methods and algorithms to detect possible potential predictability of the series with the memory and the construction of adequate predictive models. Classical methods of forecasting economic time series are based on the mathematical apparatus of econometrics. It is carried out basing on the assumption that the observations that make up the projected time series are independent, whereby to perform the necessary subordination of the normal law. The latter, however, is the exception rather than the rule for economic time series that have so-called long-term memory. Toolkit implementations of nonlinear dynamics were the new computer technology that made it possible to study complex phenomena and processes “on the display screen”. The proposed approach differs from the classical methods of forecasting by the implementation of a new accounting trends (evolution of centers and the size of a bounding box, and is a new tool (phase portraits to identify the cyclical components of the considered time series
Fakhri, Hasanov; Khudayar, Hasanli
The study examines whether inflation process can be explained within the framework of the Money Market Approach in the third stage of economic development of Azerbaijan economy covering 2004-2008. By employing dynamic modeling study concludes that the Money Market Approach has not been relevant for explaining Azerbaijani inflation. Because Azerbaijan, a resource rich small open economy in transition processes, has some stylized facts which are important to take into account in the analysis of...
Man-Keun Kim; Ertqian Zhu; Harris, Thomas R.; Jonathan E. Alevy
Assessment of regional economic impacts can be accomplished using either an input-output analysis or a social accounting matrix (SAM) analysis. While these approaches can generate important insights, they have significant limitations for some cases, e.g., the event of the need to reallocate limited resources such as land, labor, etc., because they do not include a complete set of decision makersâ€™ activities and managerial options. This study develops a flexible approach to link the firm lev...
Faust, Heiko; Schwarze, Stefan; Beckert, Barbara; Brümmer, Bernhard, 1969-; Dittrich, Christoph; Euler, Michael; Gatto, Marcel; Hauser-Schäublin, Brigitta; Hein, J.; Holtkamp, Anna Mareike; Ibanez-Diaz, Marcela; Klasen, Stephan; Kopp, Thomas; Krishna, Vijesh; Kunz, Y.
EFForTS is a collaborative research center (CRC) which focuses on Ecological and socioeconomic Functions of Tropical Lowland Rainforest Transformation Systems in Sumatra,Indonesia. The paper presents the common sampling frame of the socio economic sub-projects.The investigations and data collections intertwine and complement one another. Thus themethodological approach reflects the idea of an interdisciplinary and integrative research approach. Lead by hypotheses we structured our sampling pr...
Hansen, Sanne; Svendsen, Svend
parameter will be the insulation thickness, but for windows the energy use will be based on the net energy that takes both solar gain and heat loss into account. The optimal mix of solutions for the whole building is found by selecting building parts with the same cost of conserved energy. The constraint is...... methods of designing such buildings in an economical optimized way. A method of finding the economical optimal solutions has been set up based on use of the cost of conserved energy for each main building envelope part and building service system. By use of information on construction cost and a simple...... model of the energy use for each component, a function is set up that represents the relation of the marginal cost of conserved energy and the energy use for different qualities of the component. For building envelopes, the energy use will be the heat loss during heating season, and the main quality...
Prokopenko Olga Volodymyrivna
distributed over time as well as current and potential environmental safety concept of the business system. There are designed a table of the value of the coefficient g(z in order to simplify the use of index .It was introduced by the authors and based on a retrospective analysis of parameters , that correspond to the different processes and measures concerning the providing of environmental safety of the business system in accordance to the appropriate level. It was introduced in the terms of the actual concept, directed on the innovational ecological activity in different countries and regions. We shall consider the economic system as a set of economic, ecological and social subsystems. A set of indicators concerning economic system constituents at the enterprise and regional level is formed. A methodological approach to forecasting of economic system development dynamics mutually with the tools for the economic safety provision at the highest level is improved. Conclusions and directions of further researches. The integral results of the performed research improve the conceptual statements of the theory and method of investigation for synchronization of the processes concerning providing the ecology safety of economy system. The practical meaning of the obtained results consists in the possibility to increase the efficiency of controlling economy system for its constant development due to the offered scientific and methodological approach for estimating synchronization of the observed processes. Thus, the issues being proposed by the authors, allow to move towards elaboration of the theoretical and methodological approaches to ecological safety management of the global economic system.
Full Text Available Background During the last three decades, the Total Fertility Rate (TFR in Iran has fallen considerably; from 6.5 per woman in 1983 to 1.89 in 2010. This paper analyzes the extent to which economic determinants at the micro and macro levels are associated with the number of children in Iranian households. Methods Household data from the 2010 Household Expenditure and Income Survey (HEIS is linked to provincial data from the 2010 Iran Multiple-Indicator Demographic and Health Survey (IrMIDHS, the National Census of Population and Housing conducted in 1986, 1996, 2006 and 2011, and the 1985–2010 Iran statistical year books. Fertility is measured as the number of children in each household. A random intercept multilevel Poisson regression function is specified based on a collective model of intra-household bargaining power to investigate potential determinants of the number of children in Iranian households. Results Ceteris paribus (other things being equal, probability of having more children drops significantly as either real per capita educational expenditure or real total expenditure of each household increase. Both the low- and the high-income households show probabilities of having more children compared to the middle-income households. Living in provinces with either higher average amount of value added of manufacturing establishments or lower average rate of house rent is associated to higher probability of having larger number of children. Higher levels of gender gap indices, resulting in household’s wife’s limited power over household decision-making, positively affect the probability of having more children. Conclusion Economic determinants at the micro and macro levels, distribution of intra-household bargaining power between spouses and demographic covariates determined fertility behavior of Iranian households.
Konyukhov, Alexander; Lorenz, Christian; Schweizerhof, Karl
The finite cell method (FCM) provides a method for the computation of structures which can be described as a mixture of high-order FEM and a special integration technique. The method is one of the novel computational methods and is highly developed within the last decade. One of the major problems of FCM is the description of boundary conditions inside cells as well as in sub-cells. And a completely open problem is the description of contact. Therefore, the motivation of the current work is to develop a set of computational contact mechanics approaches which will be effective for the finite element cell method. Thus, for the FCM method we are developing and testing hereby focusing on the Hertz problem the following algorithms: direct integration in the cell method, allowing the fastest implementation, but suffering from numerical artifacts such as the "stamp effect"; the most efficient scheme concerning approximation properties the cell-surface-to-analytical-surface contact element designed for contact with rigid bodies leading to cell-wisely contact elements; and finally the discrete-cell-to-cell contact approach based on the finite discrete method. All developed methods are carefully verified with the analytical Hertz solution. The cell subdivisions, the order of the shape functions as well as the selection of the classes for shape functions are investigated for all developed contact approaches. This analysis allows to choose the most robust approach depending on the needs of the user such as correct representation of the stresses, or only satisfaction of geometrical non-penetration conditions.
Ilinbaeva EkaterinaAleksandrovna; Shelomencev Andrej Gennad'evich; Doroshenko Svetlana Victorovna
The article presents the methods of an ecological quality assessment of the regional social and economic development strategies, which is based on system of the criteria considering an inclusiveness of an ecological factor in the analysis of the problems of regional development, the development to scenario conditions, the definition of the priority ecological purposes and the directions of regional development, level of state regulation, productivity assessment. Results of an assessment are a...
Rui Guo; Dongkun Luo; Xu Zhao; Jianliang Wang
Optimizing international oil exploration projects is one of the main challenges for oil companies in obtaining investment benefits. This paper establishes an integrated evaluation model to maximize investment benefits within the constraints of technical and economic factors, including geological factors, resource quality, geographic conditions, the investment environment, and oil contracts. The paper also proposes a dynamic calculation method of indicators’ weight associated with oil prices. ...
Halsnæs, Kirsten; Trærup, Sara Lærke Meltofte
representatives of focal development policy objectives, and a stepwise approach for addressing climate change impacts, development linkages, and the economic, social and environmental dimensions related to vulnerability and adaptation are introduced. Within this context it is illustrated using three case studies...
Full Text Available Our paper proposes a critical analysis based on criteria of consistency of the fundamental concepts underlying the comprehensive description of economic process, namely: time, context and causality. Issues of such action taken by us arise from the existence of the fact that the emergence of new paradigms, amid an economic complexity, should include elements of theoretical, instrumental and methodological nature. Moreover, dominant economic science, at this time (positivist, is subject to an epistemological imperialism exercised by Newtonian mechanics, without one's own epistemology. Regarding the underlying causality explaining the economic process, we find that, yet at this time, it is a singular and efficient one (in the Aristotelian sense, but not a teleological one, so we wonder whether the final causality (purpose form may better explain the economic process and his completeness, and in this sense, the shaping of new paradigms based on premises other than those already existed, in understanding the economic process.
PLTCST is a dynamic economic analysis code for conventional and nuclear power plant. In the code a dynamic economic model and prediction method are used for calculating and comparing nuclear and coal-fired power generation costs and investment efficiency. Using a year by year revenue requirements' procedure together with leveling over the economic life of the plant, the code calculates base costs, fixed costs, constructed costs, power generation costs and average discounted costs of conventional and nuclear power plant in both constant and nominal dollars. According to rules of Energy Department, the indexes of financial and national economy are also considered. As the nuclear energy application is in the beginning in China, the resources collecting may have various forms, and equipment imported, technique transfer and joint venture are also possible. The code has the ability to deal with these conditions separately. So far, the code has been applied successfully to the investment estimation for Fujian province 2 x 600 MW, Qinshan 2 x 600 MW, Jiangsu province 2 x 450 MW nuclear power plants and Guangdong rare-earth plant, and economic analysis of Shenyang antibiotics plant and so on
Reinke, Nico; Medjroubi, Wided; Lind, Pedro G; Wächter, Matthias; Peinke, Joachim
We describe a simple stochastic method, so-called Langevin approach, which enables one to extract evolution equations of stochastic variables from a set of measurements. Our method is parameter-free and it is based on the nonlinear Langevin equation. Moreover, it can be applied not only to processes in time, but also to processes in scale, given that the data available shows ergodicity. This chapter introduces the mathematical foundations of the Langevin approach and describes how to implement it numerically. A specific application of the method is presented, namely to a turbulent velocity field measured in the laboratory, retrieving the corresponding energy cascade and comparing with the results from a computational simulation of that experiment. In addition, we describe a physical interpretation bridging between processes in time and in scale. Finally, we describe extensions of the method for time series reconstruction and applications to other fields such as finance, medicine, geophysics and renewable ener...
Axiomatic foundation of non-equilibrium microeconomics is outlined. The economic activity is modelled as transformation and transport of commodities (materials) owned by the agents. Rate of transformations (production intensity), and the rate of transport (trade) are defined by the agents. Economic decision rules are derived from the observed economic behaviour. The non-linear equations are solved numerically for the Neumannian economy. The emergence of the equilibrium market structure app...
Habibullah, M.S.; Baharom, A.H.
Economists recognized that economic conditions have an impact on crime activities. In this study we employed the Autoregressive Distributed Lag (ARDL) bounds testing procedure to analyze the impact of economic conditions on various categories of criminal activities in Malaysia for the period 1973-2003. Real gross national product was used as proxy for economic conditions in Malaysia. Our results indicate that murder, armed robbery, rape, assault, daylight burglary and motorcycle theft exhibit...
Nwachukwu, Ifeanyi Ndubuto; Onyenweaku, Chris E.
The study delved into economic efficiency analysis of Fadama Telfairia farmers in Imo State, Nigeria. Specifically, it identified the production systems; estimated the economic efficiency and their determinants. A multistage random sampling technique was adopted in the selection of 40 Fadama Telfairia farmers from each of the three agricultural zones of the State. A well-structured questionnaire was used to obtain information on socio - economic characteristics and other relevant variables. ...
Full Text Available Axiomatic foundation of non-equilibrium microeconomics is outlined. The economic activity is modelled as transformation and transport of commodities (materials owned by the agents. Rate of transformations (production intensity, and the rate of transport (trade are defined by the agents. Economic decision rules are derived from the observed economic behaviour. The non-linear equations are solved numerically for the Neumannian economy. The emergence of the equilibrium market structure appears as an order out of chaos process.
This paper looks at the effects of taxes increase on economic growth of 47 developing countries. In developing countries, there is no magic tax strategy to encourage economic growth. Some countries with high tax burdens have high growth rates and some countries with low tax burdens have low growth rates. Despite much theoretical and empirical inquiry as well as political and policy controversy, no simple answer exists concerning the relationship of taxes on economic growth in developing count...
AKINCI, Merter; YÜCE AKINCI, Gönül; Yilmaz, Ömer
One of the most important developments in the last thirty years is the expansion of liberal economic thought and policies in terms of accelerating globalization movements. Libertarian movements the scope of which has been extended with regards to economics and especially neo-liberal movements became an irreplaceable element of social set-up and their economic liberation formed the main core of the developments of macroeconomics with the aim of increasing the welfare level. In this study, ther...
Tamer F. Ghanem
Full Text Available Network intrusion detection based on anomaly detection techniques has a significant role in protecting networks and systems against harmful activities. Different metaheuristic techniques have been used for anomaly detector generation. Yet, reported literature has not studied the use of the multi-start metaheuristic method for detector generation. This paper proposes a hybrid approach for anomaly detection in large scale datasets using detectors generated based on multi-start metaheuristic method and genetic algorithms. The proposed approach has taken some inspiration of negative selection-based detector generation. The evaluation of this approach is performed using NSL-KDD dataset which is a modified version of the widely used KDD CUP 99 dataset. The results show its effectiveness in generating a suitable number of detectors with an accuracy of 96.1% compared to other competitors of machine learning algorithms.
Muhammad, Amin Umar; Bala, Dauda; Ladu, Kolomi Mutah
This study investigated the Effectiveness of Demonstration and Lecture Methods in Learning concepts in Economics among Secondary School Students in Borno state, Nigeria. Five objectives: to determine the effectiveness of demonstration method in learning economics concepts among secondary school students in Borno state, determine the effectiveness…
Dyer, Caroline; Choksi, Archana
Describes REFLECT (Regenerated Freirean Literacy through Empowering Community Techniques) that is an approach to literacy teaching and learning developed by ActionAid. Focuses on the interplay between this "neutral" literacy method and its impact on the social context of one group of pastoralists, the semisedentary Katchi Rabaris of Gujarat…
Full Text Available Book Review Comparative Education Research: Approaches and Methods (2nd edition By Mark Bray, Bob Adamson and Mark Mason (Eds. (2014, 453p ISBN: 978-988-17852-8-2, Hong Kong: Comparative Education Research Centre and Springer
Hoppenbrouwers, Stijn; Zoet, Martijn; Versendaal, Johan; Weerd, Inge van de
Agile software development has evolved into an increasingly mature software development approach and has been applied successfully in many software vendors’ development departments. In this position paper, we address the broader agile service development. Based on method engineering principles we de
Buchanan, Patricia A.; Ulrich, Beverly D.
Describes the Feldenkrais Method of somatic education, noting parallels with a dynamic systems theory (DST) approach to motor behavior. Feldenkrais uses movement and perception to foster individualized improvement in function. DST explains that a human-environment system continually adapts to changing conditions and assembles behaviors…
David G Chapple
Full Text Available A decade ago, DNA barcoding was proposed as a standardised method for identifying existing species and speeding the discovery of new species. Yet, despite its numerous successes across a range of taxa, its frequent failures have brought into question its accuracy as a short-cut taxonomic method. We use a retrospective approach, applying the method to the classification of New Zealand skinks as it stood in 1977 (primarily based upon morphological characters, and compare it to the current taxonomy reached using both morphological and molecular approaches. For the 1977 dataset, DNA barcoding had moderate-high success in identifying specimens (78-98%, and correctly flagging specimens that have since been confirmed as distinct taxa (77-100%. But most matching methods failed to detect the species complexes that were present in 1977. For the current dataset, there was moderate-high success in identifying specimens (53-99%. For both datasets, the capacity to discover new species was dependent on the methodological approach used. Species delimitation in New Zealand skinks was hindered by the absence of either a local or global barcoding gap, a result of recent speciation events and hybridisation. Whilst DNA barcoding is potentially useful for specimen identification and species discovery in New Zealand skinks, its error rate could hinder the progress of documenting biodiversity in this group. We suggest that integrated taxonomic approaches are more effective at discovering and describing biodiversity.
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Currently, there is greater interest on economic and financial analysis of the firm, due to the feeling of instability caused by the global financial crisis. Simply put, governments, and millions of individuals holding shares in the stock market as small investors were placed in an unprecedented situation. This paper aims to estimate the default risk through the use of IT.
Keywords: financial analysis, business models, knowledge, rate of economic, expert systems
Tong, Hengqing; Huang, Yangxin
Statistical Theories and Methods with Applications to Economics and Business highlights recent advances in statistical theory and methods that benefit econometric practice. It deals with exploratory data analysis, a prerequisite to statistical modelling and part of data mining. It provides recently developed computational tools useful for data mining, analysing the reasons to do data mining and the best techniques to use in a given situation.Provides a detailed description of computer algorithms.Provides recently developed computational tools useful for data miningHighlights recent advances in
Current chemical methods of synthesis have shown limited success in the fabrication of nanomaterials, which involves environmentally malignant chemicals. Environmental friendly synthesis requires alternative solvents, and it is expected that the use of soft options of green approaches may overcome these obstacles. Water, which is regarded as a benign solvent, has been used in the present work for the preparation of platinum nanoparticles. The average particle diameter is in the range of ∼13±5 nm and particles are largely agglomerated. The advantages of preparing nanoparticles with this method include ease, flexibility and cost effectiveness. The prospects of the process are bright, and the technique could be extended to prepare many other important metal and metal oxide nanostructures. © 2012 Sharif University of Technology. Production and hosting by Elsevier B.V. All rights reserved.
Full Text Available In the current context of economic recovery and rebalancing, the necessity of modelling and estimating the potential output and output gap emerges in order to assess the quality and sustainability of economic growth, the monetary and fiscal policies, as well as the impact of business cycles. Despite the importance of potential GDP and the output gap, there are difficulties in reliably estimating them, as many of the models proposed in the economic literature are calibrated for developed economies and are based on complex macroeconomic relationships and a long history of robust data, while emerging economies exhibit high volatility. The object of this study is to develop a model in order to estimate the potential GDP and output gap and to assess the sustainability of projected growth using a multivariate filter approach. This trend estimation technique is the newest approach proposed by the economic literature and has gained wide acceptance with researchers and practitioners alike, while also being used by the IMF for Romania. The paper will be structured as follows. We first discuss the theoretical background of the model. The second section focuses on an analysis of the Romanian economy for the 1995–2013 time frame, while also providing a forecast for 2014–2017 and an assessment of the sustainability of Romania’s economic growth. The third section sums up the results and concludes.
V. I. Nazarov; E. V. Vakulich
Various methods for temperature regulation of intermediate steam over-heating have been investigated. The most economical method, namely, smoke gas recirculation with regular water sprinkling from ПВД-8 drain has been selected in the paper.
Raja, Mohsin Gulzar; Ullah, Kafait
Using the time series data from 1990-2011, this paper is an attempt to explore the relationship between economic conditions and criminal activities in Pakistan. Three variables are being used for economic conditions like increasing female employment in labor market, CPI which denotes inflation and i
Ndeffo Mbah, M.L.; Forster, G.; Wesseler, J.H.H.; Gilligan, C.A.
Severe large-scale disease and pest infestations in agricultural regions can cause significant economic damage. Understanding if and when disease control measures should be taken in the presence of risk and uncertainty is a key issue. We develop a framework to examine the economically optimal timing
Lieberthal, Robert D.; Leon, Juan
The authors describe a Wikipedia-based project designed for a graduate course introducing health economics to experienced healthcare professionals. The project allows such students to successfully write articles on niche topics in rapidly evolving health economics subspecialties. These students are given the opportunity to publish their completed…
Aracéli Cristina de S. Ferreira
Full Text Available The aim of the present study was to verify how accountants perceive the electric power companies in Brazil, regarding the use of economic valuation methods for measuring environmental impacts on hydroelectric power generation. These methods would be used in the internalisation of impacts in compliance with accounting theory criteria of recognition, measurement and disclosure of relevant economic activities. This is an exploratory study based on the conclusion regarding the collected data from a questionnaire answered by accountants, who worked in the electric power sector and were members of the Brazilian Electric Power Sector Accountants Association (ABRACONEE. The research showed that 74% of respondents were accountants or accounting analysts, 92% of them believed that companies should account for (internalise environmental impacts caused by their activities, and 75% of them believed that this task should be based on detailed and specific norms determining what should be done and when and how to do it. Despite their high level of accounting knowledge and complete familiarity with the changes determined by the Brazilian Securities Commission, respondents adopted a conservative stance in relation to the use of estimated values or those obtained in hypothetical markets. The study revealed the existence of a vast field of research that has yet to be explored by accounting in the field of environmental accounting, especially in terms of both measurement and recognition of environmental impacts caused by diverse economic activities
Custer, Brian; Janssen, Mart P
Analytical methods appropriate for health economic assessments of transfusion safety interventions have not previously been described in ways that facilitate their use. Within the context of risk-based decision-making (RBDM), health economics can be important for optimizing decisions among competing interventions. The objective of this review is to address key considerations and limitations of current methods as they apply to blood safety. Because a voluntary blood supply is an example of a public good, analyses should be conducted from the societal perspective when possible. Two primary study designs are recommended for most blood safety intervention assessments: budget impact analysis (BIA), which measures the cost to implement an intervention both to the blood operator but also in a broader context, and cost-utility analysis (CUA), which measures the ratio between costs and health gain achieved, in terms of reduced morbidity and mortality, by use of an intervention. These analyses often have important limitations because data that reflect specific aspects, for example, blood recipient population characteristics or complication rates, are not available. Sensitivity analyses play an important role. The impact of various uncertain factors can be studied conjointly in probabilistic sensitivity analyses. The use of BIA and CUA together provides a comprehensive assessment of the costs and benefits from implementing (or not) specific interventions. RBDM is multifaceted and impacts a broad spectrum of stakeholders. Gathering and analyzing health economic evidence as part of the RBDM process enhances the quality, completeness, and transparency of decision-making. PMID:25855475
Highlights: ► We proposed a hybrid CPSO–SQP method for solving the ED problems with valve effects. ► Based on the CPSO, we further used the SQP to improve the solution of ED problems. ► Applications in ED problems with 3, 13, 40 generators demonstrated its effectiveness. - Abstract: This paper developed a new method for solving the economic dispatch (ED) problems considering the valve-point effects in power systems. The method is based on a hybrid algorithm consisting of chaotic particle swarm optimization (CPSO) algorithm and sequential quadratic programming (SQP) techniques. The CPSO is the main optimizer of the algorithm and the SQP is used to fine tune its results to improve the solution. The proposed method was applied to three different cases of power systems. The economic effect, solution quality, convergence property and computation efficiency of the proposed method have been explored through the comparison with the existing techniques for the ED problems considering the valve-point effects. The simulation results demonstrate the applicability and effectiveness of the proposed algorithm to the practical ED problems.
This study aims at analyzing the relationship between oil production and economic growth in major oil exporting Eurasian countries; Azerbaijan, Kazakhstan, Russian Federation and Turkmenistan for 1993–2010 periods. Empirical results reveal that oil production and economic growth are cointegrated for these countries. Furthermore, there is positive bi-directional causality between oil production and economic growth both in the long run and in the short run which supports the policies about investing in energy infrastructure. -- Highlights: ► Causality between economic growth and oil production is important for energy policies. ► Oil production and GDP are cointegrated for four oil exporting Eurasian countries. ► There is positive bi-directional causality between oil production and economic growth for these countries.
Jit, Mark; Hutubessy, Raymond
Economic evaluation of vaccination is a key tool to inform effective spending on vaccines. However, many evaluations have been criticised for failing to capture features of vaccines which are relevant to decision makers. These include broader societal benefits (such as improved educational achievement, economic growth and political stability), reduced health disparities, medical innovation, reduced hospital beds pressures, greater peace of mind and synergies in economic benefits with non-vaccine interventions. Also, the fiscal implications of vaccination programmes are not always made explicit. Alternative methodological frameworks have been proposed to better capture these benefits. However, any broadening of the methodology for economic evaluation must also involve evaluations of non-vaccine interventions, and hence may not always benefit vaccines given a fixed health-care budget. The scope of an economic evaluation must consider the budget from which vaccines are funded, and the decision-maker's stated aims for that spending to achieve. PMID:26832145
Full Text Available In the current economic downturn in the furniture industry companies, to face competition, requires new costing methods to succeed, in a flexible manner, fructifying market information, inside to find levers to identify places, resource intensive activities and then cost reduction opportunities. New methods of management cost excess the accounting and economics scope Current economic situation requires this work and converts the cost information into the main tool of insurance competitiveness and profitability of the company. Applying the standard cost in single cost model is a viable business solutions of enterprises in the furniture industry to face strong competition from European Union, specifically in the context of complex economic XXI century.
Full Text Available In this contribution, the economics of an equestrian centre, which in addition to a variety of riding school activities also includes breeding and livery, are analysed. We consider the conditions for a hypothetical holding operating in central Slovenia. Methods of mathematical programming are applied in order to attempt to optimise the holding’s activities. Their use may in the given situation facilitate the evaluation of development prospects from different perspectives and indicate the opportunities of increasing value-added. On the basis of maximizing the gross margin, we try to address the various questions and challenges that arise in managing and planning for such an equestrian centre. The obtained results indicate that breeding is unfavourable in the given price-cost ratio, both for the renewal of the working horses herd and for sale. This reflects the current adverse situation in the field of horse breeding. Livery is an important activity on such holdings and through opportunity perspective provides an optimal set of activities. Activities of the riding school for children are interesting in terms of income diversification, as well as an additional source of revenue. A riding school with one riding instructor and an indoor arena needs 4.6 horses in order to cover the costs of full-time employment.
''Total System Performance Assessment-License Application (TSPA-LA) Methods and Approach'' provides the top-level method and approach for conducting the TSPA-LA model development and analyses. The method and approach is responsive to the criteria set forth in Total System Performance Assessment Integration (TSPAI) Key Technical Issues (KTIs) identified in agreements with the U.S. Nuclear Regulatory Commission, the ''Yucca Mountain Review Plan'' (YMRP), ''Final Report'' (NRC 2003 ), and the NRC final rule 10 CFR Part 63 (NRC 2002 ). This introductory section provides an overview of the TSPA-LA, the projected TSPA-LA documentation structure, and the goals of the document. It also provides a brief discussion of the regulatory framework, the approach to risk management of the development and analysis of the model, and the overall organization of the document. The section closes with some important conventions that are used in this document.
Sutton, Andrew J.; Breheny, Katie; Deeks, Jon; Khunti, Kamlesh; Sharpe, Claire; Ottridge, Ryan S.; Stevens, Paul E.; Cockwell, Paul; Kalra, Philp A.; Lamb, Edmund J.
Background The prevalence of chronic kidney disease (CKD) is high in general populations around the world. Targeted testing and screening for CKD are often conducted to help identify individuals that may benefit from treatment to ameliorate or prevent their disease progression. Aims This systematic review examines the methods used in economic evaluations of testing and screening in CKD, with a particular focus on whether test accuracy has been considered, and how analysis has incorporated issues that may be important to the patient, such as the impact of testing on quality of life and the costs they incur. Methods Articles that described model-based economic evaluations of patient testing interventions focused on CKD were identified through the searching of electronic databases and the hand searching of the bibliographies of the included studies. Results The initial electronic searches identified 2,671 papers of which 21 were included in the final review. Eighteen studies focused on proteinuria, three evaluated glomerular filtration rate testing and one included both tests. The full impact of inaccurate test results was frequently not considered in economic evaluations in this setting as a societal perspective was rarely adopted. The impact of false positive tests on patients in terms of the costs incurred in re-attending for repeat testing, and the anxiety associated with a positive test was almost always overlooked. In one study where the impact of a false positive test on patient quality of life was examined in sensitivity analysis, it had a significant impact on the conclusions drawn from the model. Conclusion Future economic evaluations of kidney function testing should examine testing and monitoring pathways from the perspective of patients, to ensure that issues that are important to patients, such as the possibility of inaccurate test results, are properly considered in the analysis. PMID:26465773
Mavris, Dimitri N.; Bandte, Oliver; Schrage, Daniel P.
This paper outlines an approach for the determination of economically viable robust design solutions using the High Speed Civil Transport (HSCT) as a case study. Furthermore, the paper states the advantages of a probability based aircraft design over the traditional point design approach. It also proposes a new methodology called Robust Design Simulation (RDS) which treats customer satisfaction as the ultimate design objective. RDS is based on a probabilistic approach to aerospace systems design, which views the chosen objective as a distribution function introduced by so called noise or uncertainty variables. Since the designer has no control over these variables, a variability distribution is defined for each one of them. The cumulative effect of all these distributions causes the overall variability of the objective function. For cases where the selected objective function depends heavily on these noise variables, it may be desirable to obtain a design solution that minimizes this dependence. The paper outlines a step by step approach on how to achieve such a solution for the HSCT case study and introduces an evaluation criterion which guarantees the highest customer satisfaction. This customer satisfaction is expressed by the probability of achieving objective function values less than a desired target value.
Pesman, Haki; Ozdemir, Omer Faruk
The purpose of this study is to explore not only the effect of context-based physics instruction on students' achievement and motivation in physics, but also how the use of different teaching methods influences it (interaction effect). Therefore, two two-level-independent variables were defined, teaching approach (contextual and non-contextual…
Full Text Available Technically, electricity business under competition structure is more complex than that of vertically integrated one. The main prolems here are how to create an applicable competition framework and to solve electric calculations very quickly to obtain an optimal energi pricing, cost of losses, congestion and transportation costs by less than 15 minutes. This paper proposes a competition framework with the electric calculations, where a bilateral contract has been accommodated. Optimal energy price in the paper is calculated based on direct method of economic dispatch to obtain the result very quickly. The proposed method has been simulated to a 4-bus system. The simulation results show that the method works well and complies with the expectation. Therefore, electric power business under competition structure can be well realized by the proposed method.
Riziki M. Nyello
Full Text Available The Oil and Gas Sector in Africa is growing so fast due to the new discovery of Oil and Gas reserves and therefore attract the huge amount of Foreign Direct Investment (FDI. Considering its role in the African economy, several approaches both local and foreign have been introduced; however the anticipated economic benefits have not yet been realized. The study therefore focused on assessing the effectiveness of the selected approaches that were designed to ensure the economic benefits of oil and gas resources reach to the African local population, particularly the poor ones. The study surveyed various literatures to draw its conclusion. It was realized that the selected approaches have failed to ensure that Oil and Gas resources produce the anticipated economic benefits to the local African population. Among others, it was recommended that the approaches should be improved in order to promote the linkage between Oil and Gas Extractive firms and Small and Medium Enterprises. Additionally, they should be enforceable by law in order to ensure legal commitment among African governments and Oil and Gas Extractive firms to the local population.
Full Text Available The aim of the present paper is to analyze comparatively the main economic theories regarding theeconomic crises, including the premises for starting the present financial and economic vulnerabilities onnational and international level. On ideological level, the present global financial and economic crisis, similarto the other ones throughout history, initiated an intellectual debate among several applicable theories: AdamSmith’s “invisible hand” liberal theory, Keynes’s state interventionism theory and even neo-Marxist theories.The issue of the economic cycle and the crisis is a very complex one that cannot be analyzed and explained ina few pages, because talking about the crisis and the economic cycle supposes an analysis of all aspects of themarket economy. Thus, we try to found out which of these theories best explain the economic cycles andcrises and we believe that the Great Depression of ‘29-‘33 confirmed to a great extent the “Austrian” theoryof the economic cycle.
Camerer, Colin F.; Loewenstein, George
Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations. This book consists of representative recent articles in behavioral economics. This chapter is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, applications, and promising new directions. It also seeks to fill some unavoidable gaps in the chapters’ coverage of topics.
Full Text Available The world is changing; a new dominant economic logic appears. What we can see now is that this change doesn’t seem to come from economic leaders, it comes from emergent economies like BRICS Group or the “4 Asian Tigers”. The European Union economic links with those groups are more and more obvious, so this thesis wants to be an analysis of how those dominant logical changes influence the European Union economy. In this way, we made an analysis of statistic dates and an econometric analysis using multiple regressions.
Chen, Zhe; Wang, L.; Yeh, T-H.;
generators (WTGs). To fully capture wind energy, different wind farms (WFs) should select adequate capacity of WTGs to effectively harvest wind energy and maximize their economic benefit. To establish selection criterion, this paper first derives the equations for capacity factor (CF) and pairing performance...... height for WTGs that have been installed in Taiwan. Important outcomes affecting wind cost of energy in comparison with economic results using the proposed economic-analysis methods for different WFs are also presented....
Irina Cibotariu; Eugenia Iancu; Tiberiu Socaciu
Currently, there is greater interest on economic and financial analysis of the firm, due to the feeling of instability caused by the global financial crisis. Simply put, governments, and millions of individuals holding shares in the stock market as small investors were placed in an unprecedented situation. This paper aims to estimate the default risk through the use of IT.
Keywords: financial analysis, business models, knowledge, rate of...
Lenoir-Wijnkoop, I.; Nuijten, M. J. C.; Gutiérrez-Ibarluzea, I.; Hutton, J.; Poley, M.J.; L. Segal; Bresson, J L; van Ganse, E.; Jones, P.; Moreno, L.; Salminen, S; Dubois, D
Improving health through better nutrition of the population may contribute to enhanced efficiency and sustainability of healthcare systems. A recent expert meeting investigated in detail a number of methodological aspects related to the discipline of nutrition economics. The role of nutrition in health maintenance and in the prevention of non-communicable diseases is now generally recognised. However, the main scope of those seeking to contain healthcare expenditures tends to focus on the man...
Full Text Available Pharmacogenetics holds great potential for improving the effectiveness of treatment modalities in infectious diseases by taking into account the genetic determinants of both the host and infectious agents’ individuality. Better utilization of resources and improved therapeutic efficiency are the expected outcomes of personalized medicine using pharmacogenetic and pharmacogenomics information made available by technological advances. However, there has been growing concern in the clinical community regarding the evaluation of the true benefits of these approaches. This perception is partly due to the limited number and perceived poor quality of economic evaluations in this field, and initiatives aimed at harmonizing and communicating strategies improving the quality of these studies and their acceptance by the clinical community are greatly needed. This paper reviews current literature of economic evaluations of pharmacogenetics interventions guiding pharmacotherapy in infectious diseases. PubMed and the NHS Centre for Reviews and Dissemination databases were searched using a combination of five broad research terms related to pharmacogenetic approaches, and papers relative to economic evaluations of pharmacogenetic interventions in infectious diseases retained for further analysis. Using these criteria, a total of 14 papers were included in this review. The area of economic evaluation of pharmacogenetic interventions in infectious diseases remains understudied and would benefit from greater harmonization. The main weaknesses of evaluations reviewed in this paper seem to be represented by poor evidence of pharmacogenetic marker validation, inconsistencies in the selection of costs and utility included in the economic models and the choice of sensitivity analysis. All these factors limit the overall transparency of the studies, greater acceptance of their results and applicability to diverse and possibly resourcelimited environments where these
Shimul Shafiun N
Full Text Available Remittance is one of the popular issues in the development economics. This paper attempted at finding the relationship between remittance flow and economic development using time series data of 1976-2007. The two modern time series econometric approaches- bound testing Autoregressive Distributed Lag Models or Unrestricted Error Correction Model (UECM and Engel Granger two step procedure for co-integration test- were executed and this study found that remittance was not significantly affecting the GDP per capita both in the short and long run although the foreign direct investment was found significant in the short but not in the long run. The study suggested adopting appropriate steps so that these can be used as a contributor to the economic development.
This article reflects the theoretical positions of infotech management by system analyzing social and economic impact of information and communication technologies that contributes to the development of ICT management.
Crockett, G. V.
Describes course format, materials development, and evaluation of an introductory economics course which stressed problem solving techniques and conceptual skills instead of rote memorization of factual content. For journal availability, see SO 506 029. (AV)
Nelson, Robert E.; Johnson, Scott D.
Discusses the role of technical education and training in supporting economic growth in Kenya, including entrepreneurship education, teacher training, and stimulation of small enterprises through training and consultancy. The importance of creating an entrepreneurial culture through education is stressed. (SK)
Prime, Michael B [Los Alamos National Laboratory
The recently developed contour method can measure complex residual-stress maps in situations where other measurement methods cannot. This talk first describes the principle of the contour method. A part is cut in two using a precise and low-stress cutting technique such as electric discharge machining. The contour of the resulting new surface, which will not be flat if residual stresses are relaxed by the cutting, is then measured. Finally, a conceptually simple finite element analysis determines the original residual stresses from the measured contour. Next, this talk gives several examples of applications. The method is validated by comparing with neutron diffraction measurements in an indented steel disk and in a friction stir weld between dissimilar aluminum alloys. Several applications are shown that demonstrate the power of the contour method: large aluminum forgings, railroad rails, and welds. Finally, this talk discusses why the contour method is significant departure from conventional experimental mechanics. Other relaxation method, for example hole-drilling, can only measure a 1-D profile of residual stresses, and yet they require a complicated inverse calculation to determine the stresses from the strain data. The contour method gives a 2-D stress map over a full cross-section, yet a direct calculation is all that is needed to reduce the data. The reason for these advantages lies in a subtle but fundamental departure from conventional experimental mechanics. Applying new technology to old methods like will not give similar advances, but the new approach also introduces new errors.
Full Text Available The uniqueness of the land resources as an economic category determines the specific construction of the system of accounting which involves the accumulation, systematization, processing and analysis of economic information on quantitative, qualitative, money indicators and legal information about these objects. A large number of lands used by many entities on the rights of permanent or temporary use. Taking into account the need to use temporarily borrowed land resources by business entities, there is a need to develop general methods of displaying operations with limited real rights on accounts of both the land owners and their users. The article researches the question of theoretical and methodical aspects of accounting displaying permanent and temporary rights to use land assets in Ukraine. It examines the issue of economic and legal nature of these rights, the peculiarities of legal regulation of transactions with them. The paper deals with the procedure of their receiving and its impact on the accounting software. The author analyzes the existing approaches of other authors and proposes her own position.
Novo, P.J.; Coelho, P.J.; Carvalho, M.G. [Technical Univ. of Lisbon, Lisboa (Portugal)
Two different parallelization strategies of the discrete transfer method are presented and discussed. In one of them, the ray decomposition, each processor performs the calculations for the whole domain for a subset of radiation beams. In the other one, the domain decomposition, the domain is split up into subdomains and each processor performs all the calculations within each subdomain. Two radiation problems in two-dimensional square enclosures containing an emitting-absorbing medium were studied. It was concluded that efficiencies slightly above 90% are achievable with 16 processors by using the ray decomposition approach, while the efficiency of the domain decomposition approach drops very fast with the increase of the number of processors. The marked increase of the number of iterations with the increase of the number of processors is a shortcoming of the domain decomposition parallelization method, and places an upper limit on the maximum achievable efficiency.
Shepard, Donald S.; Undurraga, Eduardo A.; Betancourt-Cravioto, Miguel; Guzmán, María G.; Halstead, Scott B; Harris, Eva; Mudin, Rose Nani; Murray, Kristy O.; Tapia-Conyer, Roberto; Gubler, Duane J.
Dengue presents a formidable and growing global economic and disease burden, with around half the world's population estimated to be at risk of infection. There is wide variation and substantial uncertainty in current estimates of dengue disease burden and, consequently, on economic burden estimates. Dengue disease varies across time, geography and persons affected. Variations in the transmission of four different viruses and interactions among vector density and host's immune status, age, pr...
Raja, Mohsin Gulzar; Ullah, Kafait
Using the time series data from 1990-2011, this paper is an attempt to explore the relationship between economic conditions and criminal activities in Pakistan. Three variables are being used for economic conditions like increasing female employment in labor market, CPI which denotes inflation and income inequality. We check their relationship with total reported crime with reference to Pakistan. The Augmented Dicky Fuller test is used for unit root process which suggested that all the variab...
Using panel data from US states over the period 1941-2002, I measure the impact of gubernatorial partisanship on a wide range of different policy settings and economic outcomes. Across 32 measures, there are surprisingly few differences in policy settings, social outcomes and economic outcomes under Democrat and Republican Governors. In terms of policies, Democratic Governors tend to prefer slightly higher minimum wages. Under Republican Governors, incarceration rates are higher, while welfar...
Thai economic conditions considerably depend on the performance of tourism sectors. More than half of the Thai industries are directly and indirectly interdependent with tourism sectors. Given these large economic dependences upon tourism, any internal or external changes that affect Thai tourism could have substantial economy-wide impacts on resource allocation, sectoral outputs, income distribution, macroeconomic variables and the environment. Using computable general equilibrium (CGE) mode...
Duan, Suling; Adam, Brian D.
A manager of a food processing facility faces the dilemma that postponing a treatment (such as fumigation) in order to save money, risks allowing insect population to increase to an amount that causes economic damage. This economic damage includes buyer discounts due to presence of insects or insect damage, cost of extra treatments needed, or rejection by a buyer. Conversely, fumigating too early may allow the remaining insect population to rebound sufficiently that another expensive fumigati...
Araceli Ortega Diaz
The relationship between income distribution and economic growth has been found to depend on several factors such as capital markets imperfections, moral hazard, indivisibility in investments, and existence of dual economic characteristics. In recent literature the importance of geography has been emphasized in defining this relationship due to itâ€™s relevance to trade and openness. The current work assesses how income inequality influences growth stimating a reduced form growth equation. Us...
Kalan, Arezou; Oliveira, Eduardo
Sustainable architecture aims to design buildings and infra-structures, such as squares and bazaars, adapted to the social, economic, cultural and environmental contexts of certain place. The practice of sustainable architecture contributes to sustainable development, therefore for the development of future generations. The concept must integrate not only bioclimatic strategies, but also economic, social and cultural facets. Sustainable architecture research is either carried while the design...
Iastremskaya Olena M.; Romashova Yanina V.
The goal of the article is development of a methodical approach to organisation of the process of education of foreign students with consideration of existing problems and proposals on their solution on the basis of formation of necessary competences in the process of education. In order to clarify specific features of education of foreigners, the article analyses general problems that foreign students face at different stages of education in Ukraine: before entering a college, in the process...