WorldWideScience

Sample records for building stock scenarios

  1. Energy demand in the Norwegian building stock: Scenarios on potential reduction

    International Nuclear Information System (INIS)

    Sartori, Igor; Wachenfeldt, Bjorn Jensen; Hestnes, Anne Grete

    2009-01-01

    A model has been developed for studying the effect of three hypothetical approaches in reducing electricity and energy demand in the Norwegian building stock: wide diffusion of thermal carriers, heat pumps and conservation measures, respectively. Combinations of these are also considered. The model has a demand side perspective, considers both residential and service sectors, and calculates energy flows from net to delivered energy. Energy demand is given by the product of activity and intensity matrices. The activity levels are defined for the stock and the new construction, renovation and demolition flows. The intensity properties are defined in archetypes, and are the result of different energy class and heating carriers share options. The scenarios are shaped by combining the activity flows with different archetypes. The results show that adopting conservation measures on a large scale does allow reducing both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlight the importance of making a clear distinction between the assumptions on intensity and activity levels.

  2. Energy demand in the Norwegian building stock. Scenarios on potential reduction

    Energy Technology Data Exchange (ETDEWEB)

    Sartori, Igor; Hestnes, Anne Grete [Department of Architectural Design, History and Technology, Norwegian University of Science and Technology (NTNU), 7491 Trondheim (Norway); Wachenfeldt, Bjoern Jensen [SINTEF Building and Infrastructure, 7465 Trondheim (Norway)

    2009-05-15

    A model has been developed for studying the effect of three hypothetical approaches in reducing electricity and energy demand in the Norwegian building stock: wide diffusion of thermal carriers, heat pumps and conservation measures, respectively. Combinations of these are also considered. The model has a demand side perspective, considers both residential and service sectors, and calculates energy flows from net to delivered energy. Energy demand is given by the product of activity and intensity matrices. The activity levels are defined for the stock and the new construction, renovation and demolition flows. The intensity properties are defined in archetypes, and are the result of different energy class and heating carriers share options. The scenarios are shaped by combining the activity flows with different archetypes. The results show that adopting conservation measures on a large scale does allow reducing both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlight the importance of making a clear distinction between the assumptions on intensity and activity levels. (author)

  3. Energy demand in the Norwegian building stock: Scenarios on potential reduction

    Energy Technology Data Exchange (ETDEWEB)

    Sartori, Igor [Department of Architectural Design, History and Technology, Norwegian University of Science and Technology (NTNU), 7491 Trondheim (Norway)], E-mail: igor.sartori@sintef.no; Wachenfeldt, Bjorn Jensen [SINTEF Building and Infrastructure, 7465 Trondheim (Norway); Hestnes, Anne Grete [Department of Architectural Design, History and Technology, Norwegian University of Science and Technology (NTNU), 7491 Trondheim (Norway)

    2009-05-15

    A model has been developed for studying the effect of three hypothetical approaches in reducing electricity and energy demand in the Norwegian building stock: wide diffusion of thermal carriers, heat pumps and conservation measures, respectively. Combinations of these are also considered. The model has a demand side perspective, considers both residential and service sectors, and calculates energy flows from net to delivered energy. Energy demand is given by the product of activity and intensity matrices. The activity levels are defined for the stock and the new construction, renovation and demolition flows. The intensity properties are defined in archetypes, and are the result of different energy class and heating carriers share options. The scenarios are shaped by combining the activity flows with different archetypes. The results show that adopting conservation measures on a large scale does allow reducing both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlight the importance of making a clear distinction between the assumptions on intensity and activity levels.

  4. The role of an exergy-based building stock model for exploration of future decarbonisation scenarios and policy making

    International Nuclear Information System (INIS)

    García Kerdan, Iván; Raslan, Rokia; Ruyssevelt, Paul; Morillón Gálvez, David

    2017-01-01

    State-of-the-art research suggests that energy systems are best evaluated using exergy analysis, as exergy represents the real value of an energy source, demonstrating it to be the only rational basis for evaluation. After discovering the lack of thermodynamic integration into stock modelling, this paper presents the development of an exergy-based building stock model. The aim of this paper is twofold. Firstly, to investigate the impact of large-scale future energy retrofit scenarios in the English and Welsh (E&W) non-domestic sector, and secondly, to determine the potential of exergy analysis in improving sectoral efficiency and its potential implications on exergy-oriented policy making. The research explores seven different large-scale future retrofit scenarios that encompass typical, low-carbon, and low-exergy approaches. Modelling results show that by 2050, current regulations have the potential to reduce carbon emissions by up to 49.0±2.9% and increasing sector thermodynamic efficiency from 10.7% to 13.7%. On the other hand, a low-exergy oriented scenario based on renewable electricity and heat pumps is able to reduce carbon emissions by 88.2±2.4%, achieving a sectoral exergy efficiency of 19.8%. This modelling framework can provide energy policy makers with new insights on policy options based on exergy indicators and the assessment of their potential impact. - Highlights: • A bottom-up exergy-based model was developed to analyse the UK non-domestic sector. • Different low-carbon and low-exergy large-scale retrofit scenarios were assessed. • The UK non-domestic sector as a whole has an exergy efficiency of 10.7±4.06%. • Exergy-based retrofits could reduce sectoral carbon emissions by 88±2.4% for 2050. • Exergy oriented policies are required to obtain a sustainable building sector.

  5. Danish building typologies and building stock analyses

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Kragh, Jesper

    energy savings in residential buildings. The intension with this analysis was to investigate the possible energy reduction in Denmark if the same approach had been taken for the entire Danish building stock. The report concludes that the ZeroHome initiative clearly results in energy savings, but far from...... enough to meet the government’s plan to make Danish buildings free from use of fossil fuels by 2035. This will probably require around 50 % energy savings in the Danish building stock as a whole. However, the project has proven that dedicated engagement of locals can speed up market penetration...... for energy savings in the existing Building stock....

  6. Energy savings in Danish residential building stock

    DEFF Research Database (Denmark)

    Tommerup, Henrik M.; Svendsen, Svend

    2006-01-01

    a short account of the technical energy-saving possibilities that are present in existing dwellings and presents a financial methodology used for assessing energy-saving measures. In order to estimate the total savings potential detailed calculations have been performed in a case with two typical...... buildings representing the residential building stock and based on these calculations an assessment of the energy-saving potential is performed. A profitable savings potential of energy used for space heating of about 80% is identified over 45 years (until 2050) within the residential building stock......A large potential for energy savings exists in the Danish residential building stock due to the fact that 75% of the buildings were constructed before 1979 when the first important demands for energy performance of building were introduced. It is also a fact that many buildings in Denmark face...

  7. Modelling energy demand in the Norwegian building stock

    Energy Technology Data Exchange (ETDEWEB)

    Sartori, Igor

    2008-07-15

    Energy demand in the building stock in Norway represents about 40% of the final energy consumption, of which 22% goes to the residential sector and 18% to the service sector. In Norway there is a strong dependency on electricity for heating purposes, with electricity covering about 80% of the energy demand in buildings. The building sector can play an important role in the achievement of a more sustainable energy system. The work performed in the articles presented in this thesis investigates various aspects related to the energy demand in the building sector, both in singular cases and in the stock as a whole. The work performed in the first part of this thesis on development and survey of case studies provided background knowledge that was then used in the second part, on modelling the entire stock. In the first part, a literature survey of case studies showed that, in a life cycle perspective, the energy used in the operating phase of buildings is the single most important factor. Design of low-energy buildings is then beneficial and should be pursued, even though it implies a somewhat higher embodied energy. A case study was performed on a school building. First, a methodology using a Monte Carlo method in the calibration process was explored. Then, the calibrated model of the school was used to investigate measures for the achievement of high energy efficiency standard through renovation work. In the second part, a model was developed to study the energy demand in a scenario analysis. The results showed the robustness of policies that included conservation measures against the conflicting effects of the other policies. Adopting conservation measures on a large scale showed the potential to reduce both electricity and total energy demand from present day levels while the building stock keeps growing. The results also highlighted the inertia to change of the building stock, due to low activity levels compared to the stock size. It also became clear that a deeper

  8. Energy savings in the Danish building stock until 2050

    DEFF Research Database (Denmark)

    Wittchen, Kim Bjarne; Kragh, Jesper

    2014-01-01

    are energy upgraded according to the requirements stipulated in the Danish Building Regulations 2010. Furthermore, scenario analyses was made for the potential impact on the energy consumption of introducing different levels of tightening of the energy requirements for existing buildings in the Danish...... Building Regulations. Compliance with the requirements in the Danish Building Regulations will potentially result in energy savings for space heating and domestic hot water around 30 % until 2050. Further tightening of the component insulation level requirements will only result in marginally higher......A study has been conducted analysing the energy savings for space heating and domestic hot water in the Danish building stock due to renovation of building components at the end of their service life. The purpose of the study was to estimate the energy savings until 2050 as building components...

  9. Global climate-oriented building energy use scenarios

    International Nuclear Information System (INIS)

    Harvey, L.D. Danny

    2014-01-01

    This paper explores the extent to which global fuel use in buildings could be reduced, and the growth in global electricity use in buildings limited, by applying stringent (factor of 3–4) improvements to recent building codes for new buildings worldwide and large (factor of 2–3) reductions in the energy use of existing buildings through renovations. The analysis is carried out for 10 different socio-economic regions of the world, taking into account existing building stock and energy intensities in each region and projected changes in population and income, which in most parts of the world will drive large increases in building floor area. A stock turnover model is applied to project changes in heating, cooling, service hot water (SHW) and non-thermal electricity demand with various rates of improvement in standards for new and renovated buildings, and various rates of renovation and demolition of existing buildings. For a scenario in which population peaks at about 9 billion and global average per capita GDP increases to twice the 2010 value by 2100, the global fuel demand could be reduced by a factor of four while limiting maximum annual electricity demand to twice the 2010 value. - Highlights: • A detailed model for generating global scenarios of building energy use is presented. • Drivers of increasing energy use are population and per capita GDP in 10 regions. • Heating, cooling and ventilation energy uses are projected using a stock turnover model. • Global building fuel demand could decrease by 60–80% by 2100 relative to 2010. • Global building electricity demand could be limited to a 100–200% increase

  10. Sustainability in the existing building stock

    DEFF Research Database (Denmark)

    Elle, Morten; Nielsen, Susanne Balslev; Hoffmann, Birgitte

    2005-01-01

    , QRWfacilities management’s most important contribution to sustainable development in the built environment. Space management is an essential tool in facilities management – and it could be considered a powerful tool in sustainable development; remembering that the building not being built is perhaps the most......This paper explores the role of Facilities Management in the relation to sustainable development in the existing building stock. Facilities management is a concept still developing as the management of buildings are becoming more and more professional. Many recognize today that facilities...... management is a concept relevant to others than large companies. Managing the flows of energy and other resources is a part of facilities management, and an increased professionalism could lead to the reduction of the use of energy and water and the generation of waste and wastewater. This is, however...

  11. Residential building stocks and flows as dynamic systems: Chilean dwelling stock and energy modeling, including earthquakes.

    OpenAIRE

    Gallardo, Carla

    2012-01-01

    The building sector comprises a very important part of each country s economy, playing an important role in the consumption of resources and energy. In practice there is little knowledge on how the building stock develops. It is useful then to understand the dynamics and the metabolism of the built environment. Research on building stocks, predominantly on the residential sector, has been performed mainly for developed countries. There is little or none research on building stock for developi...

  12. Building stock dynamics and its impacts on materials and energy demand in China

    International Nuclear Information System (INIS)

    Hong, Lixuan; Zhou, Nan; Feng, Wei; Khanna, Nina; Fridley, David; Zhao, Yongqiang; Sandholt, Kaare

    2016-01-01

    China hosts a large amount of building stocks, which is nearly 50 billion square meters. Moreover, annual new construction is growing fast, representing half of the world's total. The trend is expected to continue through the year 2050. Impressive demand for new residential and commercial construction, relative shorter average building lifetime, and higher material intensities have driven massive domestic production of energy intensive building materials such as cement and steel. This paper developed a bottom-up building stock turnover model to project the growths, retrofits and retirements of China's residential and commercial building floor space from 2010 to 2050. It also applied typical material intensities and energy intensities to estimate building materials demand and energy consumed to produce these building materials. By conducting scenario analyses of building lifetime, it identified significant potentials of building materials and energy demand conservation. This study underscored the importance of addressing building material efficiency, improving building lifetime and quality, and promoting compact urban development to reduce energy and environment consequences in China. - Highlights: •Growths of China's building floorspace were projected from 2010 to 2050. •A building stock turnover model was built to reflect annual building stock dynamics. •Building related materials and energy demand were projected.

  13. Stakeholder Specific Multi-Scale Spatial Representation of Urban Building-Stocks

    Directory of Open Access Journals (Sweden)

    Magnus Österbring

    2018-05-01

    Full Text Available Urban building-stocks use a significant amount of resources and energy. At the same time, they have a large potential for energy efficiency measures (EEM. To support decision-making and planning, spatial building-stock models are used to examine the current state and future development of urban building-stocks. While these models normally focus on specific cities, generic and broad stakeholder groups such as planners and policy makers are often targeted. Consequently, the visualization and communication of results are not tailored to these stakeholders. The aim of this paper is to explore the possibilities of mapping and representing energy use of urban building-stocks at different levels of aggregation and spatial distributions, to communicate with specific stakeholders involved in the urban development process. This paper uses a differentiated building-stock description based on building-specific data and measured energy use from energy performance certificates for multi-family buildings (MFB in the city of Gothenburg. The building-stock description treats every building as unique, allowing results to be provided at any level of aggregation to suit the needs of the specific stakeholders involved. Calculated energy use of the existing stock is within 10% of the measured energy use. The potential for EEM in the existing stock is negated by the increased energy use due to new construction until 2035, using a development scenario based on current renovation rates and planned developments. Visualizations of the current energy use of the stock as well as the impact of renovation and new construction are provided, targeting specific local stakeholders.

  14. Flexible building stock modelling with array-programming

    DEFF Research Database (Denmark)

    Brøgger, Morten; Wittchen, Kim Bjarne

    2017-01-01

    Many building stock models employ archetype-buildings in order to capture the essential characteristics of a diverse building stock. However, these models often require multiple archetypes, which make them inflexible. This paper proposes an array-programming based model, which calculates the heat...... tend to overestimate potential energy-savings, if we do not consider these discrepancies. The proposed model makes it possible to compute and visualize potential energy-savings in a flexible and transparent way....

  15. A long-term, integrated impact assessment of alternative building energy code scenarios in China

    International Nuclear Information System (INIS)

    Yu, Sha; Eom, Jiyong; Evans, Meredydd; Clarke, Leon

    2014-01-01

    China is the second largest building energy user in the world, ranking first and third in residential and commercial energy consumption. Beginning in the early 1980s, the Chinese government has developed a variety of building energy codes to improve building energy efficiency and reduce total energy demand. This paper studies the impact of building energy codes on energy use and CO 2 emissions by using a detailed building energy model that represents four distinct climate zones each with three building types, nested in a long-term integrated assessment framework GCAM. An advanced building stock module, coupled with the building energy model, is developed to reflect the characteristics of future building stock and its interaction with the development of building energy codes in China. This paper also evaluates the impacts of building codes on building energy demand in the presence of economy-wide carbon policy. We find that building energy codes would reduce Chinese building energy use by 13–22% depending on building code scenarios, with a similar effect preserved even under the carbon policy. The impact of building energy codes shows regional and sectoral variation due to regionally differentiated responses of heating and cooling services to shell efficiency improvement. - Highlights: • We assessed long-term impacts of building codes and climate policy using GCAM. • Building energy codes would reduce Chinese building energy use by 13–22%. • The impacts of codes on building energy use vary by climate region and sub-sector

  16. Towards a Very Low Energy Building Stock: Modeling the U.S. Commercial Building Sector to Support Policy and Innovation Planning

    Energy Technology Data Exchange (ETDEWEB)

    Coffey, Brian; Borgeson, Sam; Selkowitz, Stephen; Apte, Josh; Mathew, Paul; Haves, Philip

    2009-07-01

    This paper describes the origin, structure and continuing development of a model of time varying energy consumption in the US commercial building stock. The model is based on a flexible structure that disaggregates the stock into various categories (e.g. by building type, climate, vintage and life-cycle stage) and assigns attributes to each of these (e.g. floor area and energy use intensity by fuel type and end use), based on historical data and user-defined scenarios for future projections. In addition to supporting the interactive exploration of building stock dynamics, the model has been used to study the likely outcomes of specific policy and innovation scenarios targeting very low future energy consumption in the building stock. Model use has highlighted the scale of the challenge of meeting targets stated by various government and professional bodies, and the importance of considering both new construction and existing buildings.

  17. Scenarios in tropical forest degradation: carbon stock trajectories for REDD+

    Directory of Open Access Journals (Sweden)

    Rafael B. de Andrade

    2017-03-01

    Full Text Available Abstract Background Human-caused disturbance to tropical rainforests—such as logging and fire—causes substantial losses of carbon stocks. This is a critical issue to be addressed in the context of policy discussions to implement REDD+. This work reviews current scientific knowledge about the temporal dynamics of degradation-induced carbon emissions to describe common patterns of emissions from logging and fire across tropical forest regions. Using best available information, we: (i develop short-term emissions factors (per area for logging and fire degradation scenarios in tropical forests; and (ii describe the temporal pattern of degradation emissions and recovery trajectory post logging and fire disturbance. Results Average emissions from aboveground biomass were 19.9 MgC/ha for logging and 46.0 MgC/ha for fire disturbance, with an average period of study of 3.22 and 2.15 years post-disturbance, respectively. Longer-term studies of post-logging forest recovery suggest that biomass accumulates to pre-disturbance levels within a few decades. Very few studies exist on longer-term (>10 years effects of fire disturbance in tropical rainforests, and recovery patterns over time are unknown. Conclusions This review will aid in understanding whether degradation emissions are a substantial component of country-level emissions portfolios, or whether these emissions would be offset by forest recovery and regeneration.

  18. Energy refurbishment of the Italian residential building stock: energy and cost analysis through the application of the building typology

    International Nuclear Information System (INIS)

    Ballarini, Ilaria; Corrado, Vincenzo; Madonna, Francesco; Paduos, Simona; Ravasio, Franco

    2017-01-01

    The European residential building stock is largely composed of buildings with poor energy performance, therefore basic retrofit actions could lead to significant energy savings. However, energy refurbishment measures should be identified in accurate way, taking into account the technical viability and aiming both to increase the building energy performance and to restrain the costs. The present article investigates the effects of different measures applied to the Italian residential building stock by using the building typology, which consists of 120 building types, representative of six construction ages, four building sizes and five climatic zones. A quasi-steady state model has been used to calculate the energy performance; the economic evaluation has been carried out as specified in the EU cost-optimal comparative methodology (Directive 2010/31/EU). The most effective measures and packages of measures, in terms of energy saving and global cost reduction, are identified and discussed. The results are addressed to important purposes for energy policy, as for instance: (a) to provide political authorities with the most effective energy efficiency measures as to encourage retrofit processes through the allocation of financial incentives, (b) to offer a knowledge-base for developing energy refurbishment scenarios of residential building stocks and forecasting future energy resource demand. - Highlights: • Investigation of energy savings and cost effectiveness of the Italian housing stock refurbishments. • Application of the building typology approach of the IEE-TABULA project. • Knowledge-base for bottom-up models of the building stock energy performance. • Supporting the political authorities to promote effective refurbishment measures.

  19. ResStock Analysis Tool | Buildings | NREL

    Science.gov (United States)

    Energy and Cost Savings for U.S. Homes Contact Eric Wilson to learn how ResStock can benefit your approach to large-scale residential energy analysis by combining: Large public and private data sources uncovered $49 billion in potential annual utility bill savings through cost-effective energy efficiency

  20. The Narrative Aspect of Scenario Building

    DEFF Research Database (Denmark)

    Rasmussen, Lauge Baungaard

    2008-01-01

    The application of narrative scenarios in engineering or socio-technical systems provides an important link between general ideas and specification of technical system requirements. The chapter explores how the narrative approach can enrich the scenario 'skeleton. In addition, criteria are sugges...

  1. Nuclear Futures Analysis and Scenario Building

    International Nuclear Information System (INIS)

    Arthur, E.D.; Beller, D.; Canavan, G.H.; Krakowski, R.A.; Peterson, P.; Wagner, R.L.

    1999-01-01

    This LDRD project created and used advanced analysis capabilities to postulate scenarios and identify issues, externalities, and technologies associated with future ''things nuclear''. ''Things nuclear'' include areas pertaining to nuclear weapons, nuclear materials, and nuclear energy, examined in the context of future domestic and international environments. Analysis tools development included adaptation and expansion of energy, environmental, and economics (E3) models to incorporate a robust description of the nuclear fuel cycle (both current and future technology pathways), creation of a beginning proliferation risk model (coupled to the (E3) model), and extension of traditional first strike stability models to conditions expected to exist in the future (smaller force sizes, multipolar engagement environments, inclusion of actual and latent nuclear weapons (capability)). Accomplishments include scenario development for regional and global nuclear energy, the creation of a beginning nuclear architecture designed to improve the proliferation resistance and environmental performance of the nuclear fuel cycle, and numerous results for future nuclear weapons scenarios

  2. U.S. Department of Energy Commercial Reference Building Models of the National Building Stock

    Energy Technology Data Exchange (ETDEWEB)

    Deru, M.; Field, K.; Studer, D.; Benne, K.; Griffith, B.; Torcellini, P.; Liu, B.; Halverson, M.; Winiarski, D.; Rosenberg, M.; Yazdanian, M.; Huang, J.; Crawley, D.

    2011-02-01

    The U.S. Department of Energy (DOE) Building Technologies Program has set the aggressive goal of producing marketable net-zero energy buildings by 2025. This goal will require collaboration between the DOE laboratories and the building industry. We developed standard or reference energy models for the most common commercial buildings to serve as starting points for energy efficiency research. These models represent fairly realistic buildings and typical construction practices. Fifteen commercial building types and one multifamily residential building were determined by consensus between DOE, the National Renewable Energy Laboratory, Pacific Northwest National Laboratory, and Lawrence Berkeley National Laboratory, and represent approximately two-thirds of the commercial building stock.

  3. Optimal Portfolio Selection in Ex Ante Stock Price Bubble and Furthermore Bubble Burst Scenario from Dhaka Stock Exchange with Relevance to Sharpe’s Single Index Model

    Directory of Open Access Journals (Sweden)

    Javed Bin Kamal

    2012-09-01

    Full Text Available The paper aims at constructing an optimal portfolio by applying Sharpe’s single index model of capital asset pricing in different scenarios, one is ex ante stock price bubble scenario and stock price bubble and bubble burst is second scenario. Here we considered beginning of year 2010 as rise of stock price bubble in Dhaka Stock Exchange. Hence period from 2005 -2009 is considered as ex ante stock price bubble period. Using DSI (All share price index in Dhaka Stock Exchange as market index and considering daily indices for the March 2005 to December 2009 period, the proposed method formulates a unique cut off point (cut off rate of return and selects stocks having excess of their expected return over risk-free rate of return surpassing this cut-off point. Here, risk free rate considered to be 8.5% per annum (Treasury bill rate in 2009. Percentage of an investment in each of the selected stocks is then decided on the basis of respective weights assigned to each stock depending on respective ‘β’ value, stock movement variance representing unsystematic risk, return on stock and risk free return vis-à-vis the cut off rate of return. Interestingly, most of the stocks selected turned out to be bank stocks. Again we went for single index model applied to same stocks those made to the optimum portfolio in ex ante stock price bubble scenario considering data for the period of January 2010 to June 2012. We found that all stocks failed to make the pass Single Index Model criteria i.e. excess return over beta must be higher than the risk free rate. Here for the period of 2010 to 2012, the risk free rate considered to be 11.5 % per annum (Treasury bill rate during 2012.

  4. Scenarios as methods of Community Building

    DEFF Research Database (Denmark)

    Rasmussen, Lauge Baungaard

    2002-01-01

    The significance of the scenario workshop is the combination of creativity, reflection and action helping the participants to imaging and realise desirable futures. It can contribute to fill the gaps between visions of the future and the present situation, giving the participants knowledge and po...... and power to act themselves instead of just being passively adjusted to the ongoing changes of their organisation or community....

  5. Energy Efficiency in the North American Existing Building Stock

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    This report presents the findings of a new assessment of the techno-economic and policy-related efficiency improvement potential in the North American building stock conducted as part of a wider appraisal of existing buildings in member states of the International Energy Agency. It summarizes results and provides insights into the lessons learned through a broader global review of best practice to improve the energy efficiency of existing buildings. At this time, the report is limited to the USA because of the large size of its buildings market. At a later date, a more complete review may include some details about policies and programs in Canada. If resources are available an additional comprehensive review of Canada and Mexico may be performed in the future.

  6. Energy demand of the German and Dutch residential building stock under climate change

    Science.gov (United States)

    Olonscheck, Mady; Holsten, Anne; Walther, Carsten; Kropp, Jürgen P.

    2014-05-01

    In order to mitigate climate change, extraordinary measures are necessary in the future. The building sector, in particular, offers considerable potential for transformation to lower energy demand. On a national level, however, successful and far-reaching measures will likely be taken only if reliable estimates regarding future energy demand from different scenarios are available. The energy demand for space heating and cooling is determined by a combination of behavioral, climatic, constructional, and demographic factors. For two countries, namely Germany and the Netherlands, we analyze the combined effect of future climate and building stock changes as well as renovation measures on the future energy demand for room conditioning of residential buildings until 2060. We show how much the heating energy demand will decrease in the future and answer the question of whether the energy decrease will be exceeded by an increase in cooling energy demand. Based on a sensitivity analysis, we determine those influencing factors with the largest impact on the future energy demand from the building stock. Both countries have national targets regarding the reduction of the energy demand for the future. We provide relevant information concerning the annual renovation rates that are necessary to reach these targets. Retrofitting buildings is a win-win option as it not only helps to mitigate climate change and to lower the dependency on fossil fuels but also transforms the buildings stock into one that is better equipped for extreme temperatures that may occur more frequently with climate change. For the Netherlands, the study concentrates not only on the national, but also the provincial level, which should facilitate directed policy measures. Moreover, the analysis is done on a monthly basis in order to ascertain a deeper understanding of the future seasonal energy demand changes. Our approach constitutes an important first step towards deeper insights into the internal dynamics

  7. Modeling Aggregate Hourly Energy Consumption in a Regional Building Stock

    Directory of Open Access Journals (Sweden)

    Anna Kipping

    2017-12-01

    Full Text Available Sound estimates of future heat and electricity demand with high temporal and spatial resolution are needed for energy system planning, grid design, and evaluating demand-side management options and polices on regional and national levels. In this study, smart meter data on electricity consumption in buildings are combined with cross-sectional building information to model hourly electricity consumption within the household and service sectors on a regional basis in Norway. The same modeling approach is applied to model aggregate hourly district heat consumption in three different consumer groups located in Oslo. A comparison of modeled and metered hourly energy consumption shows that hourly variations and aggregate consumption per county and year are reproduced well by the models. However, for some smaller regions, modeled annual electricity consumption is over- or underestimated by more than 20%. Our results indicate that the presented method is useful for modeling the current and future hourly energy consumption of a regional building stock, but that larger and more detailed training datasets are required to improve the models, and more detailed building stock statistics on regional level are needed to generate useful estimates on aggregate regional energy consumption.

  8. Stone material investigations of the Riga Stock Exchange building

    Science.gov (United States)

    Igaune-Blumberga, S.; Vitina, I.; Lindina, L.; Timma, I.; Barbane, I.

    2011-12-01

    This paper deals with the stone material investigation of former Riga Stock Exchange building and presents the following aspects: characterization of materials, analyses of mortars for sealing and cladding of artificial marble, decors, bricks, render of sealing, analyses of soluble salts, analyses of deteriorated granite surface of foundation. The last damage by fire was in 1979 which caused the collapse of the roof and consequently an infiltration of rain water. The conditions of the objects were found in very bad condition-deterioration represented by salt efflorescence's, cracking and in very large areas there was a complete loss of the artificial marble (stucco marble).

  9. Stone material investigations of the Riga Stock Exchange building

    International Nuclear Information System (INIS)

    Igaune-Blumberga, S; Vitina, I; Lindina, L; Timma, I; Barbane, I

    2011-01-01

    This paper deals with the stone material investigation of former Riga Stock Exchange building and presents the following aspects: characterization of materials, analyses of mortars for sealing and cladding of artificial marble, decors, bricks, render of sealing, analyses of soluble salts, analyses of deteriorated granite surface of foundation. The last damage by fire was in 1979 which caused the collapse of the roof and consequently an infiltration of rain water. The conditions of the objects were found in very bad condition-deterioration represented by salt efflorescence's, cracking and in very large areas there was a complete loss of the artificial marble (stucco marble).

  10. The implications of future building scenarios for long-term building energy research and development

    Energy Technology Data Exchange (ETDEWEB)

    Flynn, W.T.

    1986-12-01

    This report presents a discussion of alternative future scenarios of the building environment to the year 2010 and assesses the implications these scenarios present for long-term building energy R and D. The scenarios and energy R and D implications derived from them are intended to serve as the basis from which a strategic plan can be developed for the management of R and D programs conducted by the Office of Buildings and Community Systems, US Department of Energy. The scenarios and analysis presented here have relevance not only for government R and D programs; on the contrary, it is hoped that the results of this effort will be of interest and useful to researchers in both private and public sector organizations that deal with building energy R and D. Making R and D decisions today based on an analysis that attempts to delineate the nexus of events 25 years in the future are clearly decisions made in the face of uncertainty. Yet, the effective management of R and D programs requires a future-directed understanding of markets, technological developments, and environmental factors, as well as their interactions. The analysis presented in this report is designed to serve that need. Although the probability of any particular scenario actually occurring is uncertain, the scenarios to be presented are sufficiently robust to set bounds within which to examine the interaction of forces that will shape the future building environment.

  11. Technology penetration and capital stock turnover. Lessons from IEA scenario analysis

    Energy Technology Data Exchange (ETDEWEB)

    Philibert, C. [International Energy Agency IEA, Organisation for Economic Co-operation and Development OECD, Paris (France)

    2007-05-15

    The aim of this paper is to reflect on the significant differences between the emissions reductions projections in mid-term and long-term scenarios, and to explore their policy implications. It draws mainly on two recent IEA publications: the 2006 World Energy Outlook (WEO), which contains energy and energy-related CO2 projections up to 2030, and the 2006-published Energy Technology Perspectives (ETP), which considers scenarios and strategies up to 2050. The analysis focuses on a comparison of the Alternative Policy Scenario of the 2006 WEO, and the various Accelerated Technology (ACT) Scenarios in the ETP. The next section provides the necessary background on these two publications and their energy-related CO2 emissions by 2030 and 2050, respectively. The third section investigates in some more depth the reasons for the large differences in the amount of emission reductions at these dates. Capital stock turnover and technology maturation lead times, in particular, are identified as primary reasons for the differences. The fourth section suggests several possible policy conclusions that can be drawn from this analysis. They include thought pieces with respect to the action required in the short-term; to the necessity of long-term signals; to the advantages and limitations of short-term targets; and to the opportunities and challenges the international community faces with respect to emission reductions in developing countries.

  12. The building stock from perspective of change - renovation roadmap

    Energy Technology Data Exchange (ETDEWEB)

    Airaksinen, M., Email: miimu.airaksinen@vtt.fi

    2012-06-15

    By 2050, population, society and economic structures will have changed several times. The long and short-term goals and objectives concerning our built environment are mutually contradictory. Determining objectives or creating scenarios for the future built environment is fruitless. We should approach the development of the built environment from the perspective of change and improve the flexibility and adaptability of the built environment. For the users, a built environment meeting their basic needs is part of sustainable development. Identified short-range renovation needs include eliminating damp and mould problems, improving energy and eco-efficiency, removing obstacles to mobility and adapting buildings to accommodate the needs of the elderly. Vacated areas and buildings should be recycled and offered a new life supporting a sense of community and service production. Improved energy efficiency reduces greenhouse gas emissions. Instead of renovating individual buildings, renovation of the entire area is recommended. Sustainability in construction translates into favouring recycling and renewable materials and building-specific energy systems using renewable and/or low-emission resources. It is recommended that renovations to improve energy efficiency are scheduled to coincide with other maintenance/ renovations so as to reduce costs. In renovation construction, the role of service improvement is more important than products. Improved services help to identify a solution that fulfils several customer needs, meets financial limitations and can be implemented efficiently. Companies are advised to view renovation construction as an innovative market segment entitled to its own service portfolio. Truths about new building should be discarded and new services developed based on recent study results and new technologies. (orig.)

  13. Empirical assessment of the Hellenic non-residential building stock, energy consumption, emissions and potential energy savings

    International Nuclear Information System (INIS)

    Gaglia, Athina G.; Balaras, Constantinos A.; Mirasgedis, Sevastianos; Georgopoulou, Elena; Sarafidis, Yiannis; Lalas, Dimitris P.

    2007-01-01

    Comprehensive information and detailed data for the non-residential (NR) building stock is rather limited, although it is the fastest growing energy demand sector. This paper elaborates the approach used to determine the potential energy conservation in the Hellenic NR building stock. A major obstacle that had to be overcome was the need to make suitable assumptions for missing detailed primary data. A qualitative and quantitative assessment of scattered national data resulted in a realistic assessment of the existing NR building stock and energy consumption. Different energy conservation scenarios and their impact on the reduction of CO 2 emissions were evaluated. Accordingly, the most effective energy conservation measures are: addition of thermal insulation of exposed external walls, primarily in hotels and hospitals; installation of energy efficient lamps; installation of solar collectors for sanitary hot water production, primarily in hotels and health care; installation of building management systems in office/commercial and hotel buildings; replacement of old inefficient boilers; and regular maintenance of central heating boilers

  14. Linking material flow analysis and resource policy via future scenarios of in-use stock: an example for copper.

    Science.gov (United States)

    Gerst, Michael D

    2009-08-15

    A key aspect to achieving long-term resource sustainability is the development of methodologies that explore future material cycles and their environmental impact. Using a novel dynamic in-use stock model and scenario analysis, I analyzed the multilevel global copper cycle over the next 100 years. In 1990, the industrialized world had an in-use copper stock about twice as large as the developing world and a per capita in-use stock of about six times as large. By 2100, the developing world will have an in-use copper stock about three times as large as the industrialized world, but the industrialized world will maintain a per capita stock twice that of the developing world. Under a scenario of no material substitution or technological change in copper products, global in-use stock in 2100 will be about as large as currently known copper resources. However, current scrap recycling trends and exploration will alleviate absolute supply pressure but not environmental impacts from decreasing copper are grades. Additionally, unexpected emergent properties of dematerialization are observed from the in-use stock model that arise solely from the properties of stock dynamics, an infrequently discussed cause of dematerialization in the literature.

  15. Economic effects of energy efficiency improvements in the Finnish building stock

    International Nuclear Information System (INIS)

    Tuominen, Pekka; Forsström, Juha; Honkatukia, Juha

    2013-01-01

    This study estimates the economic effects of investing in energy efficiency in buildings on a national level. First conservation potentials in space heating for two different scenarios with different levels of investment in energy efficiency are quantified. This was done relying on statistical data and future projections of the development of the building stock. Then economic modeling was used to estimate the effects on energy sector and the economy at large. The results show that a rather modest increase resulting in a few percent rise in annual construction and renovation investments can decrease total primary energy consumption 3.8–5.3% by 2020 and 4.7–6.8% by 2050 compared to a baseline scenario. On the short term a slight decrease in the level of GDP and employment is expected. On the medium to long term, however, the effects on both would be positive. Furthermore, a significant drop in harmful emissions and hence external costs is anticipated. Overall, a clear net benefit is expected from improving energy efficiency. - Highlights: ► The possible cut in energy consumption: 3.8–5.3% by 2020 and 4.7–6.8% by 2050. ► Short term negative effects to GDP and long term positive effects are expected. ► A significant drop in harmful emissions and hence external costs is anticipated.

  16. A comprehensive framework to quantify energy savings potential from improved operations of commercial building stocks

    International Nuclear Information System (INIS)

    Azar, Elie; Menassa, Carol C.

    2014-01-01

    While studies highlight the significant impact of actions performed by occupants and facility managers on building energy performance, current policies ignore the importance of human actions and the potential energy savings from a more efficient operation of building systems. This is mainly attributed to the lack of methods that evaluate non-technological drivers of energy use for large stocks of commercial buildings to support policy making efforts. Therefore, this study proposes a scientific approach to quantifying the energy savings potential due to improved operations of any stock of commercial buildings. The proposed framework combines energy modeling techniques, studies on human actions in buildings, and surveying and sampling methods. The contributions of this study to energy policy are significant as they reinforce the role of human actions in energy conservation, and support efforts to integrate operation-focused solutions in energy conservation policy frameworks. The framework's capabilities are illustrated in a case study performed on the stock of office buildings in the United States (US). Results indicate a potential 21 percent reduction in the current energy use levels of these buildings through realistic changes in current building operation patterns. - Highlights: • Human actions highly influence energy performance of commercial building stocks. • It is challenging to quantify operation-related energy savings potential. • The proposed framework quantifies potential energy savings from improved operations. • The framework can be applied on any stock of commercial buildings. • Applications include support for operation-focused solutions in energy policies

  17. The building paradigm shift and its effect on Western European housing stocks

    NARCIS (Netherlands)

    Thomsen, A.

    2011-01-01

    The 20th century saw an enormous worldwide growth of the housing stock. In particular the building boom after WW-II, during which the housing stock in most countries was multifolded, focussed the attention of the housing sector primarily to the planning and realisation of new construction; the

  18. Heating and cooling energy demand and related emissions of the German residential building stock under climate change

    International Nuclear Information System (INIS)

    Olonscheck, Mady; Holsten, Anne; Kropp, Juergen P.

    2011-01-01

    The housing sector is a major consumer of energy. Studies on the future energy demand under climate change which also take into account future changes of the building stock, renovation measures and heating systems are still lacking. We provide the first analysis of the combined effect of these four influencing factors on the future energy demand for room conditioning of residential buildings and resulting greenhouse gas (GHG) emissions in Germany until 2060. We show that the heating energy demand will decrease substantially in the future. This shift will mainly depend on the number of renovated buildings and climate change scenarios and only slightly on demographic changes. The future cooling energy demand will remain low in the future unless the amount of air conditioners strongly increases. As a strong change in the German energy mix is not expected, the future GHG emissions caused by heating will mainly depend on the energy demand for future heating. - Highlights: → The future heating energy demand of German residential buildings strongly decreases. → Extent of these changes mainly depends on the number of renovated buildings. → Demographic changes will only play a minor role. → Cooling energy demand will remain low in future but with large insecurities. → Germany's 2050 emission targets for the building stock are ambitious.

  19. State of the stock-What do we know about existing buildings and their future prospects?

    International Nuclear Information System (INIS)

    Ravetz, Joe

    2008-01-01

    The UK building stock has seen major changes in the last 50 years, in its form, fabric and function. The context is the expansion of the building stock and built infrastructure, which takes place in most areas at 1-2% per year, with the implication that up to 75% of the dwellings of the year 2050 already exist now. This is a major challenge. The energy performance of much of this stock is generally low, while its economic, social and cultural values are often high. The purpose of this review is to provide a brief outline of the state of knowledge of the existing building stock, and of potential advances in that knowledge. We follow a knowledge mapping approach, set out on several axes. The first is an axis from buildings as physical forms, to buildings as containers of socio-economic activity. Another axis spans between existing buildings, renovations and adaptations, and new buildings. A third axis is that of scale, from building components to large-scale settlements. There are many possible combinations of these parameters. Here we focus on those that are most relevant to the SEMBE goals of sustainable energy management across the whole building stock

  20. Use of reference buildings to assess the energy saving potentials of the residential building stock: The experience of TABULA project

    International Nuclear Information System (INIS)

    Ballarini, Ilaria; Corgnati, Stefano Paolo; Corrado, Vincenzo

    2014-01-01

    Retrofit actions applied to the existent building stock aim at increasing the energy performance, considering the optimal trade-off between energy savings and costs, according to the Directive 2010/31/EU. To select effective refurbishment measures and to quantify the energy saving potentials of the existent building stock, the analysis should be performed on “reference buildings”. This article presents a methodology for the identification of reference buildings, according to the IEE-TABULA project (2009–12) aimed at creating a harmonised structure for “European Building Typologies”. Among the possible applications of the building typology, this work focuses on the potentialities of energy savings and CO 2 emission reductions for the European residential building stock. In particular, the Italian approach to model the energy balance of a subset of the national building stock is described; the results show the enormous potentialities of energy savings even with basic energy retrofit actions. Cost analyses were not in the scope of the project, but the results of this study are the basis for further investigations aimed at assessing the cost effectiveness of sets of measures. In this regard, the TABULA building-types are being applied by the Italian government for calculating cost-optimal levels of energy performance, complying with the Directive 2010/31/EU objectives. - Highlights: • European building stocks need retrofit actions to improve the energy performance. • Necessity to define “reference buildings” in order to perform cost-optimal analyses. • Definition of a National “Building Typology” according to IEE-TABULA project. • Methodology to identify reference buildings for assessing energy saving potentials

  1. Common sole in the northern and central Adriatic Sea: Spatial management scenarios to rebuild the stock

    Science.gov (United States)

    Scarcella, Giuseppe; Grati, Fabio; Raicevich, Saša; Russo, Tommaso; Gramolini, Roberto; Scott, Robert D.; Polidori, Piero; Domenichetti, Filippo; Bolognini, Luca; Giovanardi, Otello; Celić, Igor; Sabatini, Laura; Vrgoč, Nedo; Isajlović, Igor; Marčeta, Bojan; Fabi, Gianna

    2014-05-01

    The northern and central Adriatic Sea represents an important spawning and aggregation area for common sole (Solea solea) and provides for around 20% of the Mediterranean landings. In this area, this resource is mainly exploited with rapido trawl and set nets. The stock is not yet depleted and faces a situation of growth overfishing. The comparison between the spatial distribution by age of S. solea and the geographic patterns of the rapido trawl fishing effort evidenced an overlapping of this fishing activity with the area where juveniles concentrate (age groups 0-2). The majority of spawners inhabits specific offshore areas, here defined as ‘sole sanctuaries', where high concentrations of debris and benthic communities make difficult trawling with rapido. The aim of this study was to evaluate existing spatial management regimes and potential new spatial and temporal closures in the northern and central Adriatic Sea using a simple modelling tool. Two spatial simulations were carried out in order to verify the effectiveness of complementary methods for the management of fisheries: the ban of rapido trawling from October to December within 6 nautical miles and 9 nautical miles of the Italian coast. The focus of the simulation is that the effort of the rapido trawl is moved far from the coast during key sole recruitment periods, when the juveniles are moving from the inshore nursery area toward the offshore feeding grounds. The management scenarios showed that a change in selectivity would lead to a clear increase in the spawning stock biomass and an increase in landings of S. solea in the medium-term. The rapido trawl activity could be managed by using a different logic, bearing in mind that catches and incomes would increase with small changes in the spatial pattern of the fishing effort. The present study highlights the importance of taking into account spatial dimensions of fishing fleets and the possible interactions that can occur between fleets and target

  2. Assessment of Alternative Scenarios for CO2 Reduction Potential in the Residential Building Sector

    Directory of Open Access Journals (Sweden)

    Young-Sun Jeong

    2017-03-01

    Full Text Available The South Korean government announced its goals of reducing the country’s CO2 emissions by up to 30% below the business as usual (BAU projections by 2020 in 2009 and 37% below BAU projections by 2030 in 2015. This paper explores the potential energy savings and reduction in CO2 emissions offered by residential building energy efficiency policies and plans in South Korea. The current and future energy consumption and CO2 emissions in the residential building were estimated using an energy–environment model from 2010 to 2030. The business as usual scenario is based on the energy consumption characteristic of residential buildings using the trends related to socio-economic prospects and the number of dwellings. The alternative scenarios took into account energy efficiency for new residential buildings (scenario I, refurbishment of existing residential buildings (scenario II, use of highly efficient boilers (scenario III, and use of a solar thermal energy system (scenario IV. The results show that energy consumption in the residential building sector will increase by 33% between 2007 and 2030 in the BAU scenario. Maximum reduction in CO2 emissions in the residential building sector of South Korea was observed by 2030 in scenario I. In each alternative scenario analysis, CO2 emissions were 12.9% lower than in the business as usual scenario by the year 2030.

  3. An analysis on energy efficiency initiatives in the building stock of Liege, Belgium

    International Nuclear Information System (INIS)

    Singh, Manoj Kumar; Mahapatra, Sadhan; Teller, Jacques

    2013-01-01

    Built environment is responsible for 60% of total energy consumption in European countries and 128 million BOE of primary energy in Belgium. The average energy consumption in the residential buildings of Belgium is 70% higher than the EU average and stands at 348 kW h/m 2 /year. Energy Performance Building Directive (EPBD) provides guidelines for energy performance analysis of buildings in Belgium. In this study, a holistic approach has been adopted to analyse the building stock of Liege, Belgium. This analysis is based on ‘General Socio-economic survey 2001’ and ‘Housing quality survey 2006 in Walloon region’ databases. It considers parameters such as buildings age, built-up area, type of heating system, type of fuel used, adjacency, insulation of roofs and walls and energy consumption etc. for an in depth analysis. This study concludes that about 69% of buildings which are constructed before 1945 needs serious renovation towards the improvement of roof and external wall insulation level. It then successfully identifies specific areas which need detailed study to evaluate the comfort status in the existing building stock, improvement of insulation level and its effect on heating energy consumption as well as the economic analysis on energy efficiency measurements. -- Highlights: •Energy efficiency studies of building stock of Liege, Belgium. •Energy Performance Building Directive is used as reference for analysis. •Buildings age, built-up area and energy consumption data are used for analysis. •Identifies the areas to improve energy efficiency of building stock

  4. Potential stocks and increments of woody biomass in the European Union under different management and climate scenarios.

    Science.gov (United States)

    Kindermann, Georg E; Schörghuber, Stefan; Linkosalo, Tapio; Sanchez, Anabel; Rammer, Werner; Seidl, Rupert; Lexer, Manfred J

    2013-02-01

    Forests play an important role in the global carbon flow. They can store carbon and can also provide wood which can substitute other materials. In EU27 the standing biomass is steadily increasing. Increments and harvests seem to have reached a plateau between 2005 and 2010. One reason for reaching this plateau will be the circumstance that the forests are getting older. High ages have the advantage that they typical show high carbon concentration and the disadvantage that the increment rates are decreasing. It should be investigated how biomass stock, harvests and increments will develop under different climate scenarios and two management scenarios where one is forcing to store high biomass amounts in forests and the other tries to have high increment rates and much harvested wood. A management which is maximising standing biomass will raise the stem wood carbon stocks from 30 tC/ha to 50 tC/ha until 2100. A management which is maximising increments will lower the stock to 20 tC/ha until 2100. The estimates for the climate scenarios A1b, B1 and E1 are different but there is much more effect by the management target than by the climate scenario. By maximising increments the harvests are 0.4 tC/ha/year higher than in the management which maximises the standing biomass. The increments until 2040 are close together but around 2100 the increments when maximising standing biomass are approximately 50 % lower than those when maximising increments. Cold regions will benefit from the climate changes in the climate scenarios by showing higher increments. The results of this study suggest that forest management should maximise increments, not stocks to be more efficient in sense of climate change mitigation. This is true especially for regions which have already high carbon stocks in forests, what is the case in many regions in Europe. During the time span 2010-2100 the forests of EU27 will absorb additional 1750 million tC if they are managed to maximise increments compared

  5. Application of Markowitz Portfolio Theory by Building Optimal Portfolio on the US Stock Market

    OpenAIRE

    Širůček, Martin; Křen, Lukáš

    2015-01-01

    ŠIRŮČEK MARTIN, KŘEN LUKÁŠ. 2015. Application of Markowitz Portfolio Theory by Building Optimal Portfolio on the US Stock Market. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(4): 1375–1386. This paper is focused on building investment portfolios by using the Markowitz Portfolio Theory (MPT). Derivation based on the Capital Asset Pricing Model (CAPM) is used to calculate the weights of individual securities in portfolios. The calculated portfolios include a po...

  6. Detailed assessment of structural characteristics of Turkish RC building stock for loss assessment models

    NARCIS (Netherlands)

    Bal, I. E.; Crowley, Helen; Pinho, Rui; Gülay, F. Gülten

    2008-01-01

    Assessment of the seismic vulnerability of the building stock in the earthquake-prone Marmara region of Turkey is of growing importance since such information is needed for reliable estimation of the losses that possible future earthquakes are likely to induce. The outcome of such loss assessment

  7. Forecasting uptake of retrofit packages in office building stock under government incentives

    International Nuclear Information System (INIS)

    Higgins, Andrew; Syme, Mike; McGregor, James; Marquez, Leorey; Seo, Seongwon

    2014-01-01

    As government and industry plan to reduce energy consumption in building stock, there is a need to forecast the uptake of retrofit packages across building stock over time. To address this challenge a diffusion model was set up and applied to office building stock across New South Wales (NSW) in Australia, accommodating a high spatial resolution and temporal capability for projecting uptake of technology packages characterised by multiple variables. Six retrofit packages were set up for the diffusion model, which ranged from inexpensive services and manuals through to mid-priced packages involving energy efficient T5 lighting and solar hot water through to expensive packages such as chilled beams and Solar PV. We evaluated the model using a base case and two policy programs, representing the Green Building Fund and Environmental Upgrade Agreements. These were recent incentive programs funded by the Australian government to accelerate the uptake of retrofit packages, by providing financial support to upfront expenditures and removing barriers to retrofit. By forecasting uptake of each retrofit package to 2032 under each program, we demonstrate how the model can be a valuable resource in tailoring expensive government programs and increasing their effectiveness. - Highlights: • Diffusion model for uptake of building retrofits. • Case study with New South Wales office buildings. • Forecast uptake of government policy programs

  8. Energy use and overheating risk of Swedish multi-storey residential buildings under different climate scenarios

    International Nuclear Information System (INIS)

    Dodoo, Ambrose; Gustavsson, Leif

    2016-01-01

    In this study, the extent to which different climate scenarios influence overheating risk, energy use and peak loads for space conditioning of district heated multi-storey buildings in Sweden are explored. Furthermore, the effectiveness of different overheating control measures and the implications of different electricity supply options for space cooling and ventilation are investigated. The analysis is based on buildings with different architectural and energy efficiency configurations including a prefab concrete-frame, a massive timber-frame and a light timber-frame building. Thermal performance of the buildings under low and high Representative Concentration Pathway climate scenarios for 2050–2059 and 2090–2099 are analysed and compared to that under historical climate of 1961–1990 and recent climate of 1996–2005. The study is based on a bottom-up methodology and includes detailed hour-by-hour energy balance and systems analyses. The results show significant changes in the buildings’ thermal performance under the future climate scenarios, relative to the historical and recent climates. Heating demand decreased significantly while cooling demand and overheating risk increased considerably with the future climate scenarios, for all buildings. In contrast to the cooling demand, the relative changes in heating demand of the buildings under the future climate scenarios are somewhat similar. The changes in the space conditioning demands and overheating risk vary for the buildings. Overheating risk was found to be slightly higher for the massive-frame building and slightly lower for the light-frame building. - Highlights: • We analysed thermal performance of buildings under different climate scenarios. • Our analysis is based on historical, recent and projected future climate datasets. • The buildings' thermal performance changed notably under future climate scenarios. • The extent of the changes is influenced by the buildings' energy efficiency

  9. Performance Convergence Analysis of Stock Exchanges: the Situation of the Ibovespa in the World Scenario

    Directory of Open Access Journals (Sweden)

    Paulo Rogério Faustino Matos

    2011-09-01

    Full Text Available This paper studies the behavior of the most relevant worldwide stock exchanges indices. The semiparametric time series technique proposed by Phillips and Sul (2007 is used to a panel containing 36 stock exchanges allocated in economies with different development levels situated on all continents, during the period from January 1998 to December 2007. According to the results, there is no common trend, corroborating Antzolautos et al. (2009. The traditional São Paulo Stock Exchange Index (Ibovespa is the oldest one of the group with the highest level of the trend for the dynamic transition, which is comprised by volatile indices of stock exchanges with a reasonable level of maturity, located in developing economies with high rates of inflation in Central and Latin America. The second club comprises most of the indices, characterized by a higher level of maturity and tradition of financial markets and development, located mainly in Europe, North America and Asia. The third club with only four indices, has no clear patterns. The evidence that the convergence clubs composition has macroeconomic, geographical and financial patterns can be a useful to infer about the post world financial crisis behavior of stock exchanges.

  10. Energy usage and technical potential for energy saving measures in the Swedish residential building stock

    International Nuclear Information System (INIS)

    Mata, Érika; Sasic Kalagasidis, Angela; Johnsson, Filip

    2013-01-01

    This paper provides an analysis of the current energy usage (net energy and final energy by fuels) and associated carbon dioxide (CO 2 ) emissions of the Swedish residential building stock, which includes single-family dwellings and multi-family dwellings. Twelve energy saving measures (ESMs) are assessed using a bottom–up modeling methodology, in which the Swedish residential stock is represented by a sample of 1400 buildings (based on data from the year 2005). Application of the ESMs studied gives a maximum technical reduction potential in energy demand of 53%, corresponding to a 63% reduction in CO 2 emissions. Although application of the investigated ESMs would reduce CO 2 emissions, the measures that reduce electricity consumption for lighting and appliances (LA) will increase CO 2 emissions, since the saved electricity production is less CO 2 -intensive than the fuel mix used for the increased space heating required to make up for the loss in indirect heating obtained from LA. - Highlights: ► Analysis of year 2005energy use and CO2 emissions of Swedish residential buildings. ► Includes all single-family dwellings and multi-family dwellings. ► Bottom–up modeling of building stock represented by 1400 buildings. ► Technical effects of 12 energy saving measures are assessed. ► Energy demand can be reduced by53% and associated CO 2 emissions by 63%

  11. Refurbishment of Social housing: a survey of the building stock owned by ATC Torino

    Directory of Open Access Journals (Sweden)

    Andrea Levra Levron

    2016-11-01

    Full Text Available The Italian public housing building stock is considerable, although quantitatively less than that of other European countries,. The public policies adopted in the last decades have pushed the supply of housing by the private sector and supported the sale of the assets by the public housing authorities. Those buildings are often degraded and obsolete. Nevertheless, the issue of redevelopment of this part of the residential building stock is a central focus, also because of its important social role, especially in the current period of crisis. One of the recurring factors in the Italian case is the low quality of this building stock due to the lack of an organic maintenance activity. The paper reports the first results of a research carried out by the Department of Architecture and Design in cooperation with a social housing public authority, the Regional Agency for the Central Piedmont House (ATC. The goal of the research was the development of methodologies for estimating and analysis of maintenance requirements. Moreover, the study suggests and develops a forecasting tool for the planning of maintenance operations and redevelopment of the large building estates.

  12. Correlations of stock price fluctuations under multi-scale and multi-threshold scenarios

    Science.gov (United States)

    Sui, Guo; Li, Huajiao; Feng, Sida; Liu, Xueyong; Jiang, Meihui

    2018-01-01

    The multi-scale method is widely used in analyzing time series of financial markets and it can provide market information for different economic entities who focus on different periods. Through constructing multi-scale networks of price fluctuation correlation in the stock market, we can detect the topological relationship between each time series. Previous research has not addressed the problem that the original fluctuation correlation networks are fully connected networks and more information exists within these networks that is currently being utilized. Here we use listed coal companies as a case study. First, we decompose the original stock price fluctuation series into different time scales. Second, we construct the stock price fluctuation correlation networks at different time scales. Third, we delete the edges of the network based on thresholds and analyze the network indicators. Through combining the multi-scale method with the multi-threshold method, we bring to light the implicit information of fully connected networks.

  13. Deep renovation of the school building stock: the European opportunity and the Italian strategy

    Directory of Open Access Journals (Sweden)

    Paola Boarin

    2015-04-01

    Full Text Available The examination of the Italian and European legislative and regulatory framework, and the analysis of some relevant survey campaigns of the national school building stock show an alarming situation, as well as some missed opportunities. Despite the fact that operations promoted by the Government haven’t been effective so far, the European Union encourages deep retrofit interventions towards the standard 'Nearly Zero Energy Buildings'. This approach necessarily implies a systemic knowledge of the buildings, which can be achieved with different levels of detail, through preliminary energy audits, audits, and more detailed and multi-criteria Post-Occupancy Evaluations.

  14. Application of Markowitz Portfolio Theory by Building Optimal Portfolio on the US Stock Market

    Directory of Open Access Journals (Sweden)

    Martin Širůček

    2015-01-01

    Full Text Available This paper is focused on building investment portfolios by using the Markowitz Portfolio Theory (MPT. Derivation based on the Capital Asset Pricing Model (CAPM is used to calculate the weights of individual securities in portfolios. The calculated portfolios include a portfolio copying the benchmark made using the CAPM model, portfolio with low and high beta coefficients, and a random portfolio. Only stocks were selected for the examined sample from all the asset classes. Stocks in each portfolio are put together according to predefined criteria. All stocks were selected from Dow Jones Industrial Average (DJIA index which serves as a benchmark, too. Portfolios were compared based on their risk and return profiles. The results of this work will provide general recommendations on the optimal approach to choose securities for an investor’s portfolio.

  15. An Efficient Heuristic Approach for Irregular Cutting Stock Problem in Ship Building Industry

    Directory of Open Access Journals (Sweden)

    Yan-xin Xu

    2016-01-01

    Full Text Available This paper presents an efficient approach for solving a real two-dimensional irregular cutting stock problem in ship building industry. Cutting stock problem is a common cutting and packing problem that arises in a variety of industrial applications. A modification of selection heuristic Exact Fit is applied in our research. In the case referring to irregular shapes, a placement heuristics is more important to construct a complete solution. A placement heuristic relating to bottom-left-fill is presented. We evaluate the proposed approach using generated instance only with convex shapes in literatures and some instances with nonconvex shapes based on real problem from ship building industry. The results demonstrate that the effectiveness and efficiency of the proposed approach are significantly better than some conventional heuristics.

  16. Spatial–Temporal Analysis of the Heat and Electricity Demand of the Swiss Building Stock

    Directory of Open Access Journals (Sweden)

    Stefan Schneider

    2017-08-01

    Full Text Available In 2015, space heating and domestic hot water production accounted for around 40% of the Swiss final energy consumption. Reaching the goals of the 2050 energy strategy will require significantly reducing this share despite the growing building stock. Renewables are numerous but subject to spatial–temporal constraints. Territorial planning of energy distribution systems enabling the integration of renewables requires having a spatial–temporal characterization of the energy demand. This paper presents two bottom-up statistical extrapolation models for the estimation of the geo-dependent heat and electricity demand of the Swiss building stock. The heat demand is estimated by means of a statistical bottom-up model applied at the building level. At the municipality level, the electricity load curve is estimated by combining socio-economic indicators with average consumption per activity and/or electric device. This approach also allows to break down the estimated electricity demand according to activity type (e.g., households, various industry, and service activities and appliance type (e.g., lighting, motor force, fridges. The total estimated aggregated demand is 94 TWh for heat and 58 TWh for electricity, which represent a deviation of 2.9 and 0.5%, respectively compared to the national energy consumption statistics. In addition, comparisons between estimated and measured electric load curves are done to validate the proposed approach. Finally, these models are used to build a geo-referred database of heat and electricity demand for the entire Swiss territory. As an application of the heat demand model, a realistic saving potential is estimated for the existing building stock; this potential could be achieved through by a deep retrofit program. One advantage of the statistical bottom-up model approach is that it allows to simulate a building stock that replicates the diversity of building demand. This point is important in order to

  17. A methodology for energy performance classification of residential building stock of Hamirpur

    Directory of Open Access Journals (Sweden)

    Aniket Sharma

    2017-12-01

    Full Text Available In India, there are various codes, standards, guidelines and rating systems launched to make energy intensive and large sized buildings energy efficient whereas independent residential buildings are not covered even though they exist most in numbers of total housing stock. This paper presents a case study methodology for energy performance assessment of existing residential stock of Hamirpur that can be used to develop suitable energy efficiency regulations. The paper discusses the trend of residential development in Hamirpur followed by classification based on usage, condition, predominant material use, ownership size and number of rooms, source of lighting, assets available, number of storey and plot sizes using primary and secondary data. It results in identification of predominant materials used and other characteristics in each of urban and rural area. Further cradle to site embodied energy index of various dominant building materials and their market available alternative materials is calculated from secondary literature and by calculating transportation energy. One representative existing building is selected in each of urban and rural area and their energy performance is evaluated for material embodied energy and operational energy using simulation. Further alternatives are developed based on other dominant materials in each area and evaluated for change in embodied and operational energy. This paper identifies the energy performance of representative houses for both areas and in no way advocates the preference of one type over another. The paper demonstrates a methodology by which energy performance assessment of houses shall be done and also highlights further research.

  18. Towards a More Sustainable Building Stock: Optimizing a Flemish Dwelling Using a Life Cycle Approach

    Directory of Open Access Journals (Sweden)

    Matthias Buyle

    2015-05-01

    Full Text Available Over the past decades, the construction sector has focused strongly on reducing operational energy consumption. Other types of environmental impact that occur during the life span of construction works, however, have to be taken into account as well. This case study focuses on developing scenarios to improve the environmental profile of new buildings in the Flemish/Belgian context. The study takes into account current energy regulation and investigates the influence of energy scenarios and building type on the environmental profile. A life cycle energy assessment (LCEA and a life cycle impact assessment (LCIA were carried out for all scenarios, supplemented by a screening life cycle costing (LCC. The results indicate the importance of the compactness of a building, with the best results identified for the terraced scenario. The results are due to the reduced use of materials and, to a smaller extent, a reduction in energy consumption (smaller exposed surface. The results of the energy scenarios show a discrepancy between the LCEA and LCIA. According to the LCEA, passive scenarios are always preferable, but the LCIA results suggest two ways to reach a similar environmental profile. Firstly, by providing a level of insulation based on current regulations complemented with advanced technical services, and, alternatively, by increasing the level of insulation along with standard services. The results of the LCC show a similar trend to those of the LCIA. The results therefore suggest that there are multiple ways to improve the environmental profile of new buildings. Nevertheless, the choice of impact assessment method can have a strong influence on the results.

  19. Scenarios

    NARCIS (Netherlands)

    Pérez-Soba, Marta; Maas, Rob

    2015-01-01

    We cannot predict the future with certainty, but we know that it is influenced by our current actions, and that these in turn are influenced by our expectations. This is why future scenarios have existed from the dawn of civilization and have been used for developing military, political and economic

  20. Electric cable insulation pyrolysis and ignition resulting from potential hydrogen burn scenarios for nuclear containment buildings

    International Nuclear Information System (INIS)

    Berlad, A.L.; Jaung, R.; Pratt, W.T.

    1982-01-01

    Electric cable insulation in nuclear containment buildings may participate in pyrolysis and combustion processes engendered by hydrogen burn phenomena. This paper examines these pyrolysis/ignition processes of those polymeric materials present in the electric cable insulation and their possible relation to hydrogen burn scenarios

  1. A measure to manage approach to characterizing the energy impact of residential building stocks

    Directory of Open Access Journals (Sweden)

    Afamia Elnakat

    2016-05-01

    Full Text Available The city of San Antonio is the seventh largest in the United States by population and the second in the state of Texas, with a population of over 1.3 million people. As one of the fastest growing cities, the San Antonio residential real estate market has expanded to meet the demands of the growing population. Managing the energy footprint of single-family houses can be enhanced by big data analysis of combined metered energy consumption and building infrastructure characteristics. This study analyzes the energy intensity of 389,160 single family detached homes and identifies energy utilization trends across various residential building stock size and vintage categories. Supported by the “measure to manage” premise, this study highlights the value of this characterization as a forecasting and planning tool for sustainable growth and a more engaged consumer.

  2. Indoor air quality in the Swedish housing stock and its dependence on building characteristics

    DEFF Research Database (Denmark)

    Langer, Sarka; Bekö, Gabriel

    2013-01-01

    .47h-1). The majority of houses (80%) did not comply with the building code that requires 0.5 air changes per hour. The median concentrations in single-family houses and apartments were 6.0 and 10μg/m3, respectively, for NO2, 22 and 13μg/m3 for formaldehyde, and 236 and 143μg/m3 for TVOC. All......Data from a recent Swedish survey on the status of the housing stock and indoor air quality were placed in the public domain by the Swedish National Board of Housing, Building and Planning in 2011. The available parameters included the year of construction, dwelling location, type of ventilation...

  3. Scenarios of application of energy certification procedure for residential buildings in Lebanon

    International Nuclear Information System (INIS)

    Cantin, R.; Mourtada, A.; Guarracino, G.; Adra, N.; Nasser, M.; Maamari, F.

    2007-01-01

    This paper describes the results of a French-Lebanese scientific cooperation, between 2001 and 2005, about 'Rational use of energy in the residential buildings in Lebanon and adaptation of an energy certification procedure'. The aim of this project is to promote the energy efficiency in the existing residential buildings in Lebanon, using an energy certification procedure, and to evaluate the energy certification foresight with prospective methods. The paper first describes an energy investigation in Lebanese residential buildings, and the energy certification procedure. It presents the foresight methodology implemented to identify the key variables and the actors. Finally, the paper exposes the morphological method which allows to elaborate three scenarios of energy performance certification. These scenarios are presented in order to provide a decision making for the actors of the Lebanese energy policy

  4. The Reality and Future Scenarios of Commercial Building Energy Consumption in China

    Energy Technology Data Exchange (ETDEWEB)

    Zhou, Nan; Lin, Jiang

    2007-08-01

    While China's 11th Five Year Plan called for a reduction of energy intensity by 2010, whether and how the energy consumption trend can be changed in a short time has been hotly debated. This research intends to evaluate the impact of a variety of scenarios of GDP growth, energy elasticity and energy efficiency improvement on energy consumption in commercial buildings in China using a detailed China End-use Energy Model. China's official energy statistics have limited information on energy demand by end use. This is a particularly pertinent issue for building energy consumption. The authors have applied reasoned judgments, based on experience of working on Chinese efficiency standards and energy related programs, to present a realistic interpretation of the current energy data. The bottom-up approach allows detailed consideration of end use intensity, equipment efficiency, etc., thus facilitating assessment of potential impacts of specific policy and technology changes on building energy use. The results suggest that: (1) commercial energy consumption in China's current statistics is underestimated by about 44%, and the fuel mix is misleading; (2) energy efficiency improvements will not be sufficient to offset the strong increase in end-use penetration and intensity in commercial buildings; (3) energy intensity (particularly electricity) in commercial buildings will increase; (4) different GDP growth and elasticity scenarios could lead to a wide range of floor area growth trajectories , and therefore, significantly impact energy consumption in commercial buildings.

  5. Scenarios of high greenhouse gas emission reduction in transports and buildings by 2050

    International Nuclear Information System (INIS)

    Teissier, O.; Meunier, L.

    2008-01-01

    The authors report simulations of different environmental policy measures concerning transports and buildings in France. First, they review measures which may entail a reduction of greenhouse gas emissions, and comment their emission reduction potential and their implementation costs. These measures are then ranked, and only those presenting a significant potential and an economically and technologically feasibility are finally considered. Their impact is then simulated by using different models which are adapted to the both sectors and to time ranges. The obtained results are compared to those obtained with a calibrated trend scenario and with a 'factor 4' scenario

  6. Model for Determining Geographical Distribution of Heat Saving Potentials in Danish Building Stock

    Directory of Open Access Journals (Sweden)

    Stefan Petrovic

    2014-02-01

    Full Text Available Since the global oil crisis in the 1970s, Denmark has followed a path towards energy independency by continuously improving its energy efficiency and energy conservation. Energy efficiency was mainly tackled by introducing a high number of combined heat and power plants in the system, while energy conservation was predominantly approached by implementing heat saving measures. Today, with the goal of 100% renewable energy within the power and heat sector by the year 2035, reductions in energy demand for space heating and the preparation of domestic hot water remain at the top of the agenda in Denmark. A highly detailed model for determining heat demand, possible heat savings and associated costs in the Danish building stock is presented. Both scheduled and energy-saving renovations until year 2030 have been analyzed. The highly detailed GIS-based heat atlas for Denmark is used as a container for storing data about physical properties for 2.5 million buildings in Denmark. Consequently, the results of the analysis can be represented on a single building level. Under the assumption that buildings with the most profitable heat savings are renovated first, the consequences of heat savings for the economy and energy system have been quantified and geographically referenced. The possibilities for further improvements of the model and the application to other geographical regions have been discussed.

  7. Comparison of experimental and calculated shielding factors for modular buildings in a radioactive fallout scenario

    DEFF Research Database (Denmark)

    Hinrichsen, Yvonne; Finck, Robert; Östlund, Karl

    2018-01-01

    building used was a standard prefabricated structure obtained from a commercial manufacturer. Four reference positions for the gamma radiation detectors were used inside the building. Theoretical dose rate calculations were performed using the Monte Carlo code MCNP6, and additional calculations were......Experimentally and theoretically determined shielding factors for a common light construction dwelling type were obtained and compared. Sources of the gamma-emitting radionuclides 60Co and 137Cs were positioned around and on top of a modular building to represent homogeneous fallout. The modular...... performed that compared the shielding factor for 137Cs and 134Cs. This work demonstrated the applicability of using MCNP6 for theoretical calculations of radioactive fallout scenarios. Furthermore, the work showed that the shielding effect for modular buildings is almost the same for 134Cs as for 137Cs....

  8. Bridging Scales: Developing a Framework to Build a City-Scale Environmental Scenario for Japanese Municipalities

    Science.gov (United States)

    Hashimoto, S.; Fujita, T.; Nakayama, T.; Xu, K.

    2007-12-01

    There is an ongoing project on establishing environmental scenarios in Japan to evaluate middle to long-term environmental policy and technology options toward low carbon society. In this project, the time horizon of the scenarios is set for 2050 on the ground that a large part of social infrastructure in Japan is likely to be renovated by that time, and cities are supposed to play important roles in building low carbon society in Japan. This belief is held because cities or local governments could implement various policies and programs, such as land use planning and promotion of new technologies with low GHG emissions, which produce an effect in an ununiform manner, taking local socio-economic conditions into account, while higher governments, either national or prefectural, could impose environmental tax on electricity and gas to alleviate ongoing GHG emissions, which uniformly covers their jurisdictions. In order for local governments to devise and implement concrete administrative actions equipped with rational policies and technologies, referring the environmental scenarios developed for the entire nation, we need to localize the national scenarios, both in terms of spatial and temporal extent, so that they could better reflect local socio-economic and institutional conditions. In localizing the national scenarios, the participation of stakeholders is significant because they play major roles in shaping future society. Stakeholder participation in the localization process would bring both creative and realistic inputs on how future unfolds on a city scale. In this research, 1) we reviewed recent efforts on international and domestic scenario development to set a practical time horizon for a city-scale environmental scenario, which would lead to concrete environmental policies and programs, 2) designed a participatory scenario development/localization process, drawing on the framework of the 'Story-and-Simulation' or SAS approach, which Alcamo(2001) proposed

  9. A lifestyle-based scenario for US buildings: implications for energy use

    International Nuclear Information System (INIS)

    Diamond, Rick

    2003-01-01

    Can lifestyle-based scenarios provide insight into the nature of energy use in our future buildings? Participants in a design charrette brainstormed ideas about the future of US homes and workplaces. The teams started from several descriptions of daily lifestyles, and developed specific building characteristics as the place settings for these narratives. In addition to characterizing the physical environment, the teams also identified the forces that would be influential in making these changes. Further reflection was made on the possible unintended consequences of these changes. The energy implications of these changes were characterized with respect to magnitude and direction. While acknowledging the speculative nature of the exercise, the rationale was to broaden the discussion on future energy use by looking at future scenarios in the context of everyday life

  10. Scenario development for the Waste Isolation Pilot Plant: Building confidence in the assessment

    International Nuclear Information System (INIS)

    Galson, D.A.; Swift, P.N.

    1994-01-01

    Scenario developments is part of the iterative performance assessment (PA) process for the Waste Isolation Pilot Plant (WIPP). Scenario development for the WIPP has been the subject of intense external review, and is certain to be the subject of continued scrutiny as the project proceeds toward regulatory compliance. The principal means of increasing confidence is this aspect of the PA will be through the use of a systematic and thorough procedure toward developing the scenarios and conceptual models on which the assessment is to be based. Early and ongoing interaction with project reviewers can assist with confidence building. Quality of argument and clarity of presentation in PA will be of key concern. Appropriate tools are required for documenting and tracking assumptions, through a single assessment phase, and between iterative assessment phases. Risks associated with future human actions are of particular concern to the WIPP project, and international consensus on the principles for incorporation of future human actions in assessments would be valuable

  11. Collapse Scenarios of High-Rise Buildings Using Plastic Limit Analysis

    Directory of Open Access Journals (Sweden)

    G. Liu

    2009-01-01

    Full Text Available The Twin Towers of the World Trade Center (WTC in New York, USA collapsed on 11 September, 2001. The incident is regarded as the most severe disaster for high-rise buildings in history. Investigations into the collapse scenarios are still being conducted. Possible collapse scenarios assessed by local and international experts were reported. Another possible collapse scenario of the WTC based on two hypotheses was proposed in this paper, and the idea of plastic limit analysis was applied to evaluate the approximate limit load. According to the theory analysis and numerical calculations, a conclusion can be drawn that the large fires, aroused by the terrorist attack, play a significant role on the collapse of the WTC.

  12. Scenario development for the Waste Isolation Pilot Plant: Building confidence in the assessment

    International Nuclear Information System (INIS)

    Galson, D.A.; Swift, P.N.

    1994-07-01

    Scenario development is part of the iterative performance assessment (PA) process for the Waste Isolation Pilot Plant (WIPP). Scenario development for the WIPP has been the subject of intense external review and is certain to be the subject of continued scrutiny as the project proceeds toward regulatory compliance. The principal means of increasing confidence in this aspect of the PA will be through the use of the systematic and thorough procedure toward developing the scenarios and conceptual models on which the assessment is to be based. Early and ongoing interaction with project reviewers can assist with confidence building. Quality of argument and clarity of presentation in PA will be of key concern. Appropriate tools are required for documenting and tracking assumptions, through a single assessment phase, and between iterative assessment phases. Risks associated with future human actions are of particular concern to the WIPP project, and international consensus on the principles for incorporation of future human actions in assessments would be valuable

  13. Scenario based seismic hazard assessment and its application to the seismic verification of relevant buildings

    Science.gov (United States)

    Romanelli, Fabio; Vaccari, Franco; Altin, Giorgio; Panza, Giuliano

    2016-04-01

    The procedure we developed, and applied to a few relevant cases, leads to the seismic verification of a building by: a) use of a scenario based neodeterministic approach (NDSHA) for the calculation of the seismic input, and b) control of the numerical modeling of an existing building, using free vibration measurements of the real structure. The key point of this approach is the strict collaboration, from the seismic input definition to the monitoring of the response of the building in the calculation phase, of the seismologist and the civil engineer. The vibrometry study allows the engineer to adjust the computational model in the direction suggested by the experimental result of a physical measurement. Once the model has been calibrated by vibrometric analysis, one can select in the design spectrum the proper range of periods of interest for the structure. Then, the realistic values of spectral acceleration, which include the appropriate amplification obtained through the modeling of a "scenario" input to be applied to the final model, can be selected. Generally, but not necessarily, the "scenario" spectra lead to higher accelerations than those deduced by taking the spectra from the national codes (i.e. NTC 2008, for Italy). The task of the verifier engineer is to act so that the solution of the verification is conservative and realistic. We show some examples of the application of the procedure to some relevant (e.g. schools) buildings of the Trieste Province. The adoption of the scenario input has given in most of the cases an increase of critical elements that have to be taken into account in the design of reinforcements. However, the higher cost associated with the increase of elements to reinforce is reasonable, especially considering the important reduction of the risk level.

  14. Model for Determining Geographical Distribution of Heat Saving Potentials in Danish Building Stock

    DEFF Research Database (Denmark)

    Petrovic, Stefan; Karlsson, Kenneth Bernard

    2014-01-01

    Since the global oil crisis in the 1970s, Denmark has followed a path towards energy independency by continuously improving its energy efficiency and energy conservation. Energy efficiency was mainly tackled by introducing a high number of combined heat and power plants in the system, while energy...... conservation was predominantly approached by implementing heat saving measures. Today, with the goal of 100% renewable energy within the power and heat sector by the year 2035, reductions in energy demand for space heating and the preparation of domestic hot water remain at the top of the agenda in Denmark....... A highly detailed model for determining heat demand, possible heat savings and associated costs in the Danish building stock is presented. Both scheduled and energy-saving renovations until year 2030 have been analyzed. The highly detailed GIS-based heat atlas for Denmark is used as a container for storing...

  15. Development of methods for assessing the vulnerability of Australian residential building stock to severe wind

    International Nuclear Information System (INIS)

    Wehner, Martin; Sandland, Carl; Edwards, Mark; Ginger, John; Holmes, John

    2010-01-01

    Knowledge of the degree of damage to residential structures expected from severe wind is used to study the benefits from adaptation strategies developed in response to expected changes in wind severity due to climate change. This study will inform government, the insurance industry and provide emergency services with estimates of expected damage. A series of heuristic wind vulnerability curves for Australian residential structures has been developed. In order to provide rigor to the heuristic curves and to enable quantitative assessment to be made of adaptation strategies, work has commenced to produce a simulation tool to quantitatively assess damage to buildings from severe wind. The simulation tool accounts for variability in wind profile, shielding, structural strength, pressure coefficients, building orientation, component self weights, debris damage and water ingress via a Monte Carlo approach. The software takes a component-based approach to modelling building vulnerability. It is based on the premise that overall building damage is strongly related to the failure of key components (i.e. connections). If these failures can be ascertained, and associated damage from debris and water penetration reliably estimated, scenarios of complete building damage can be assessed. This approach has been developed with varying degrees of rigor by researchers around the world and is best practice for the insurance industry.

  16. Multi-Scenario Use Case based Demonstration of Buildings Cybersecurity Framework Webtool

    Energy Technology Data Exchange (ETDEWEB)

    Gourisetti, Sri Nikhil G.; Mylrea, Michael E.; Gervais, Easton L.; Bhadra, Sraddhanjoli

    2017-11-27

    The purpose of this paper is to demonstrate the cybersecurity and software capabilities of Buildings Cybersecurity Framework (BCF) webtool. The webtool is designed based on BCF document and existing NIST standards. It’s capabilities and features are depicted through a building usecase with four different investment scenarios geared towards improving the cybersecurity posture of the building. BCF webtool also facilitates implementation of the goals outlined in Presidential Executive Order (EO) on Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure (May 2017. In realization of the EO goals, BCF includes five core elements: Identify, Protect, Detect, Respond, and Recover, to help determine various policy and process level vulnerabilities and provide mitigation strategies. With the BCF webtool, an organization can perform a cybersecurity self-assessment; determine the current cybersecurity posture; define investment based goals to achieve a target state; connect the cybersecurity posture with business processes, functions, and continuity; and finally, develop plans to answer critical organizational cybersecurity questions. In this paper, the webtool and its core capabilities are depicted by performing an extensive comparative assessment over four different scenarios.

  17. Methodology to characterize a residential building stock using a bottom-up approach: a case study applied to Belgium

    Directory of Open Access Journals (Sweden)

    Samuel Gendebien

    2014-06-01

    Full Text Available In the last ten years, the development and implementation of measures to mitigate climate change have become of major importance. In Europe, the residential sector accounts for 27% of the final energy consumption [1], and therefore contributes significantly to CO2 emissions. Roadmaps towards energy-efficient buildings have been proposed [2]. In such a context, the detailed characterization of residential building stocks in terms of age, type of construction, insulation level, energy vector, and of evolution prospects appears to be a useful contribution to the assessment of the impact of implementation of energy policies. In this work, a methodology to develop a tree-structure characterizing a residential building stock is presented in the frame of a bottom-up approach that aims to model and simulate domestic energy use. The methodology is applied to the Belgian case for the current situation and up to 2030 horizon. The potential applications of the developed tool are outlined.

  18. Mark Stock | NREL

    Science.gov (United States)

    Stock Mark Stock Scientific Visualization Specialist Mark.Stock@nrel.gov | 303-275-4174 Dr. Stock , virtual reality, parallel computing, and manipulation of large spatial data sets. As an artist, he creates . Stock built the SUNLIGHT artwork that is installed on the Webb Building in downtown Denver. In addition

  19. Co-exploring the Water-Energy-Food Nexus: Facilitating Dialogue through Participatory Scenario Building

    Directory of Open Access Journals (Sweden)

    Oliver W. Johnson

    2017-05-01

    Full Text Available The “water-energy-food nexus” has become an increasingly popular way to frame the challenges associated with reconciling human development objectives with responsible management of natural resources and ecosystems. Yet the nexus is complex, requiring effective engagement between expert and Non-expert stakeholders in order to understand biophysical inter-linkages between resources and resource flows and social interactions between different actors in the socio-ecological system and landscape. This can be a substantial challenge due to varying levels of knowledge and understanding amongst actors with divergent, and often entrenched, interests. This paper presents insights on how participatory scenario-building processes can create space for dialogue amongst stakeholders with differing knowledge, experience, priorities, and political perspectives. Drawing on completed and on-going research applying a “nexus toolkit” in Ethiopia and Rwanda respectively, we contribute to a generalized conceptual framework for addressing, communicating, and assessing the water-energy-food nexus, with a particular focus on how to utilize the nexus concept in practice. This framework has significant potential to help better understand interactions at landscape level, for example, between charcoal production, food production, and environmental systems. We find that participatory scenario-building processes that facilitate engagement beyond technical aspects to include social, economic and political concerns provide a valuable space for discussing and negotiating development pathways that are sustainable both biophysically and socio-economically. In addition, the involvement of stakeholders throughout the project process greatly enhances the quality and legitimacy of results. Furthermore, we suggest that by building capacity amongst stakeholders to maintain a quantitative “nexus toolkit,” it has a better chance of informing decision-making and for supporting

  20. Global scenarios of urban density and its impacts on building energy use through 2050

    Energy Technology Data Exchange (ETDEWEB)

    Güneralp, Burak; Zhou, Yuyu; Ürge-Vorsatz, Diana; Gupta, Mukesh; Yu, Sha; Patel, Pralit L.; Fragkias, Michail; Li, Xiaoma; Seto, Karen C.

    2017-01-09

    Urban areas play a significant role in planetary sustainability. While the scale of impending urbanization is well acknowledged, we have a limited understanding on how urban forms will change and what their impact will be on building energy use. Using both top-down and bottom-up approaches and scenarios, we examine building energy use, specifically, for heating and cooling. We also assess associated cobenefits and trade-offs with human well-being. Globally, the energy use for heating and cooling by midcentury will reach anywhere from about 45 EJ/yr to 59 EJ/yr (respectively, increases of 5% to 40% over the 2010 estimate). Most of this variability is due to the uncertainty in future urban forms of rapidly growing cities in Asia and, particularly, in China. Compact urban development overall leads to less energy use in urban environments. Delaying the retrofit of the existing built environment leads to more savings in building energy use. Potential for savings in the energy use is greatest in China when coupled with efficiency gains. Advanced efficiency makes the least difference compared to the business-as-usual scenario in energy use for heating and cooling in South Asia and Sub-Saharan Africa but significantly contribute to energy savings in North America and Europe. A systemic effort that focuses on both urban form and energy-efficient technologies, but also accounts for potential co-benefits and trade-offs, can contribute to both local and global sustainability. Particularly in mega-urban regions, such efforts can improve local environments for billions of urban residents and contribute to mitigating climate change by reducing energy use in urban areas and associated greenhouse gas emissions.

  1. Global scenarios of urban density and its impacts on building energy use through 2050.

    Science.gov (United States)

    Güneralp, Burak; Zhou, Yuyu; Ürge-Vorsatz, Diana; Gupta, Mukesh; Yu, Sha; Patel, Pralit L; Fragkias, Michail; Li, Xiaoma; Seto, Karen C

    2017-08-22

    Although the scale of impending urbanization is well-acknowledged, we have a limited understanding of how urban forms will change and what their impact will be on building energy use. Using both top-down and bottom-up approaches and scenarios, we examine building energy use for heating and cooling. Globally, the energy use for heating and cooling by the middle of the century will be between 45 and 59 exajoules per year (corresponding to an increase of 7-40% since 2010). Most of this variability is due to the uncertainty in future urban densities of rapidly growing cities in Asia and particularly China. Dense urban development leads to less urban energy use overall. Waiting to retrofit the existing built environment until markets are ready in about 5 years to widely deploy the most advanced renovation technologies leads to more savings in building energy use. Potential for savings in energy use is greatest in China when coupled with efficiency gains. Advanced efficiency makes the least difference compared with the business-as-usual scenario in South Asia and Sub-Saharan Africa but significantly contributes to energy savings in North America and Europe. Systemic efforts that focus on both urban form, of which urban density is an indicator, and energy-efficient technologies, but that also account for potential co-benefits and trade-offs with human well-being can contribute to both local and global sustainability. Particularly in growing cities in the developing world, such efforts can improve the well-being of billions of urban residents and contribute to mitigating climate change by reducing energy use in urban areas.

  2. IMPLEMENTATION OF KRIGING METHODS IN MOBILE GIS TO ESTIMATE DAMAGE TO BUILDINGS IN CRISIS SCENARIOS

    Directory of Open Access Journals (Sweden)

    S. Laun

    2016-06-01

    Full Text Available In the paper an example for the application of kriging methods to estimate damage to buildings in crisis scenarios is introduced. Furthermore, the Java implementations for Ordinary and Universal Kriging on mobile GIS are presented. As variogram models an exponential, a Gaussian and a spherical variogram are tested in detail. Different test constellations are introduced with various information densities. As test data set, public data from the analysis of the 2010 Haiti earthquake by satellite images are pre-processed and visualized in a Geographic Information System. As buildings, topography and other external influences cannot be seen as being constant for the whole area under investigation, semi variograms are calculated by consulting neighboured classified buildings using the so called moving window method. The evaluation of the methods shows that the underlying variogram model is the determining factor for the quality of the interpolation rather than the choice of the kriging method or increasing the information density of a random sample. The implementation is completely realized with the programming language Java. Thereafter, the implemented software component is integrated into GeoTech Mobile, a mobile GIS Android application based on the processing of standardized spatial data representations defined by the Open Geospatial Consortium (OGC. As a result the implemented methods can be used on mobile devices, i.e. they may be transferred to other application fields. That is why we finally point out further research with new applications in the Dubai region.

  3. Use of building typologies for energy performance assessment of national building stocks. Existent experiences in European Countries and common approach. First TABULA synthesis report

    Energy Technology Data Exchange (ETDEWEB)

    Loga, Tobias; Diefenbach, Nikolaus (eds.)

    2010-06-15

    The present study examines the experiences with building typologies in the European countries. The objective is to learn how to structure the variety of energy-related features of existing build-ings. As a result of the enquiry it can be stated that there are a lot of different activities which are based on typological criteria. Some of them are concentrating on providing information material and conducting energy advice. On the other hand, building types are used for a better understand-ing of the energy performance of building portfolios on different levels: from the strategic planning of housing companies up to the evaluation of national policies and measures in the building sector. On the basis of these experiences a common approach for building typologies has been devel-oped. The core elements of this harmonised approach are a classification systematic, a structure for building and supply system data and a coherent energy balance method. Furthermore a uni-form classification of statistical data enables a concerted approach for designing national building stock models. Finally, a concise itinerary is described which allows experts to develop step by step a national or regional building typology which are compatible with the common TABULA approach. (orig.)

  4. Mobilization for energy renovation. Innovative tools for the uptake of deep renovation of the existing building stock based on behavioural insights

    OpenAIRE

    Taranu, Victoria; Verbeeck, Griet

    2015-01-01

    Mobilization for energy renovation. Innovative tools for the uptake of deep renovation of the existing building stock based on behavioural insights. In the context of climate change it is a priority to reduce the energy demand and make a shift towards renewable sources of energy. In Flanders almost half of the existing residential building stock was built before 1970 with low levels of insulation and inefficient installations. The vast majority of Fle...

  5. Potential soil organic carbon stocks in semi arid areas under climate change scenarios: an application of CarboSOIL model in northern Egypt

    Science.gov (United States)

    Muñoz-Rojas, Miriam; Abd-Elmabod, Sameh K.; Jordán, Antonio; Zavala, Lorena M.; Anaya-Romero, Maria; De la Rosa, Diego

    2014-05-01

    1. INTRODUCTION Climate change is predicted to have a large impact on semi arid areas which are often degraded and vulnerable to environmental changes (Muñoz-Rojas et al., 2012a; 2012b; 2013). However, these areas might play a key role in mitigation of climate change effects through sequestration of carbon in soils (United Nations, 2011). At the same time, increasing organic carbon in these environments could be beneficial for soil erosion control, soil fertility and, ultimately, food production (Lal, 2004). Several approaches have been carried out to evaluate climate change impacts on soil organic carbon (SOC) stocks, but soil carbon models are amongst the most effective tools to assess C stocks, dynamics and distribution and to predict trends under climate change scenarios (Jones et al., 2005 ). CarboSOIL is an empirical model based on regression techniques and developed to predict SOC contents at standard soil depths of 0 to 25, 25 to 50 and 50-75 cm (Muñoz-Rojas et al., 2013). CarboSOIL model has been designed as a GIS-integrated tool and is a new component of the agroecological decision support system for land evaluation MicroLEIS DSS (De la Rosa et al., 2004). 2. GENERAL METHODS In this research, CarboSOIL was applied in El-Fayoum depression, a semi arid region located in northern Egypt with a large potential for agriculture (Abd-Elmabod et al, 2012). The model was applied in a total of six soil-units classified according the USDA Soil Taxonomy system within the orders Entisols and Aridisols under different climate climate change scenarios. Global climate models based on the Organisation for Economic Co-operation and Development (Agrawala at al., 2004) and the Intergovernmental Panel on Climate Change (IPCC, 2007) were applied to predict short-, medium- and long-term trends (2030, 2050 and 2100) of SOC dynamics and sequestration at different soil depths (0-25, 25-50 and 50-75) and land use types (irrigated areas, olive groves, wheat, cotton and other annual

  6. Solar potential in existing urban layouts—Critical overview of the existing building stock in Slovenian context

    International Nuclear Information System (INIS)

    Košir, Mitja; Capeluto, Isaac Guedi; Krainer, Aleš; Kristl, Živa

    2014-01-01

    In recent years implementation of sustainable building design in the EU has become one of the key issues in reducing energy dependence. In this context efficient use of solar potential incident on building envelope is essential. The goal of the study is to evaluate the influence of interventions required by the new Slovenian legislation and to propose general site planning guidelines. Special emphasis is devoted to the existing building stock, which is due for refurbishment. The study is carried out on the basis of seven typical urban layouts, which are assessed according to the shape of layout, density, building orientation and design. The calculations are carried out with the program SHADING. The study showed that the existing layouts are not as problematic as had been expected and that form and orientation of buildings present a major challenge. Nevertheless, the quality and the duration of insolation are highly dependent on the specifics of each case. The study showed that by respecting the basic rules of good practice in conjunction with the existing requirements no major changes in the existing design principles are needed. - Highlights: • New Slovenian legislation regarding minimum insolation of building envelope. • Seven typical urban layouts were analysed. • Requirements and rules of good practice result in adequate insolation. • Duration of insolation is highly dependent on the specifics of each case

  7. Effects of building aspect ratio, diurnal heating scenario, and wind speed on reactive pollutant dispersion in urban street canyons.

    Science.gov (United States)

    Tong, Nelson Y O; Leung, Dennis Y C

    2012-01-01

    A photochemistry coupled computational fluid dynamics (CFD) based numerical model has been developed to model the reactive pollutant dispersion within urban street canyons, particularly integrating the interrelationship among diurnal heating scenario (solar radiation affections in nighttime, daytime, and sun-rise/set), wind speed, building aspect ratio (building-height-to-street-width), and dispersion of reactive gases, specifically nitric oxide (NO), nitrogen dioxide (NO2) and ozone (O3) such that a higher standard of air quality in metropolitan cities can be achieved. Validation has been done with both experimental and numerical results on flow and temperature fields in a street canyon with bottom heating, which justifies the accuracy of the current model. The model was applied to idealized street canyons of different aspect ratios from 0.5 to 8 with two different ambient wind speeds under different diurnal heating scenarios to estimate the influences of different aforementioned parameters on the chemical evolution of NO, NO2 and O3. Detailed analyses of vertical profiles of pollutant concentrations showed that different diurnal heating scenarios could substantially affect the reactive gases exchange between the street canyon and air aloft, followed by respective dispersion and reaction. Higher building aspect ratio and stronger ambient wind speed were revealed to be, in general, responsible for enhanced entrainment of O3 concentrations into the street canyons along windward walls under all diurnal heating scenarios. Comparatively, particular attention can be paid on the windward wall heating and nighttime uniform surface heating scenarios.

  8. Building an ensemble of climate scenarios for decision-making in hydrology: benefits, pitfalls and uncertainties

    Science.gov (United States)

    Braun, Marco; Chaumont, Diane

    2013-04-01

    Using climate model output to explore climate change impacts on hydrology requires several considerations, choices and methods in the post treatment of the datasets. In the effort of producing a comprehensive data base of climate change scenarios for over 300 watersheds in the Canadian province of Québec, a selection of state of the art procedures were applied to an ensemble comprising 87 climate simulations. The climate data ensemble is based on global climate simulations from the Coupled Model Intercomparison Project - Phase 3 (CMIP3) and regional climate simulations from the North American Regional Climate Change Assessment Program (NARCCAP) and operational simulations produced at Ouranos. Information on the response of hydrological systems to changing climate conditions can be derived by linking climate simulations with hydrological models. However, the direct use of raw climate model output variables as drivers for hydrological models is limited by issues such as spatial resolution and the calibration of hydro models with observations. Methods for downscaling and bias correcting the data are required to achieve seamless integration of climate simulations with hydro models. The effects on the results of four different approaches to data post processing were explored and compared. We present the lessons learned from building the largest data base yet for multiple stakeholders in the hydro power and water management sector in Québec putting an emphasis on the benefits and pitfalls in choosing simulations, extracting the data, performing bias corrections and documenting the results. A discussion of the sources and significance of uncertainties in the data will also be included. The climatological data base was subsequently used by the state owned hydro power company Hydro-Québec and the Centre d'expertise hydrique du Québec (CEHQ), the provincial water authority, to simulate future stream flows and analyse the impacts on hydrological indicators. While this

  9. Public Review Draft: A Method for Assessing Carbon Stocks, Carbon Sequestration, and Greenhouse-Gas Fluxes in Ecosystems of the United States Under Present Conditions and Future Scenarios

    Science.gov (United States)

    Bergamaschi, Brian A.; Bernknopf, Richard; Clow, David; Dye, Dennis; Faulkner, Stephen; Forney, William; Gleason, Robert; Hawbaker, Todd; Liu, Jinxun; Liu, Shu-Guang; Prisley, Stephen; Reed, Bradley; Reeves, Matthew; Rollins, Matthew; Sleeter, Benjamin; Sohl, Terry; Stackpoole, Sarah; Stehman, Stephen; Striegl, Robert G.; Wein, Anne; Zhu, Zhi-Liang; Zhu, Zhi-Liang

    2010-01-01

    The Energy Independence and Security Act of 2007 (EISA), Section 712, authorizes the U.S. Department of the Interior to develop a methodology and conduct an assessment of the Nation's ecosystems focusing on carbon stocks, carbon sequestration, and emissions of three greenhouse gases (GHGs): carbon dioxide, methane, and nitrous oxide. The major requirements include (1) an assessment of all ecosystems (terrestrial systems, such as forests, croplands, wetlands, shrub and grasslands; and aquatic ecosystems, such as rivers, lakes, and estuaries), (2) an estimation of annual potential capacities of ecosystems to increase carbon sequestration and reduce net GHG emissions in the context of mitigation strategies (including management and restoration activities), and (3) an evaluation of the effects of controlling processes, such as climate change, land use and land cover, and wildlfires. The purpose of this draft methodology for public review is to propose a technical plan to conduct the assessment. Within the methodology, the concepts of ecosystems, carbon pools, and GHG fluxes used for the assessment follow conventional definitions in use by major national and international assessment or inventory efforts. In order to estimate current ecosystem carbon stocks and GHG fluxes and to understand the potential capacity and effects of mitigation strategies, the method will use two time periods for the assessment: 2001 through 2010, which establishes a current ecosystem GHG baseline and will be used to validate the models; and 2011 through 2050, which will be used to assess future potential conditions based on a set of projected scenarios. The scenario framework is constructed using storylines of the Intergovernmental Panel on Climate Change (IPCC) Special Report Emission Scenarios (SRES), along with initial reference land-use and land-cover (LULC) and land-management scenarios. An additional three LULC and land-management mitigation scenarios will be constructed for each

  10. Evaluation of financial aspects and energy performance indicators of residential building stock in the Netherlands

    NARCIS (Netherlands)

    Entrop, Alexis Gerardus; Reinders, Angelina H.M.E.; Brouwers, Jos; Kenneweg, H.; Tröger, U.

    2007-01-01

    The introduction of the concept of sustainable building in the construction industry has led to different measures to reduce the environmental impact of building objects in the past decades. Because the built environment accounts for more than 40% of the total energy consumption in Europe (EC,

  11. A method for assessing carbon stocks, carbon sequestration, and greenhouse-gas fluxes in ecosystems of the United States under present conditions and future scenarios

    Science.gov (United States)

    Bergamaschi, Brian A.; Bernknopf, Richard; Clow, David; Dye, Dennis; Faulkner, Stephen; Forney, William; Gleason, Robert; Hawbaker, Todd; Liu, Jinxun; Liu, Shu-Guang; Prisley, Stephen; Reed, Bradley; Reeves, Matthew; Rollins, Matthew; Sleeter, Benjamin; Sohl, Terry; Stackpoole, Sarah; Stehman, Stephen; Striegl, Robert G.; Wein, Anne; Zhu, Zhi-Liang; Zhu, Zhi-Liang

    2010-01-01

    he Energy Independence and Security Act of 2007 (EISA), Section 712, mandates the U.S. Department of the Interior to develop a methodology and conduct an assessment of the Nation’s ecosystems, focusing on carbon stocks, carbon sequestration, and emissions of three greenhouse gases (GHGs): carbon dioxide, methane, and nitrous oxide. The major requirements include (1) an assessment of all ecosystems (terrestrial systems, such as forests, croplands, wetlands, grasslands/shrublands; and aquatic ecosystems, such as rivers, lakes, and estuaries); (2) an estimate of the annual potential capacities of ecosystems to increase carbon sequestration and reduce net GHG emissions in the context of mitigation strategies (including management and restoration activities); and (3) an evaluation of the effects of controlling processes, such as climate change, land-use and land-cover change, and disturbances such as wildfires.The concepts of ecosystems, carbon pools, and GHG fluxes follow conventional definitions in use by major national and international assessment or inventory efforts. In order to estimate current ecosystem carbon stocks and GHG fluxes and to understand the potential capacity and effects of mitigation strategies, the method will use two time periods for the assessment: 2001 through 2010, which establishes a current ecosystem carbon and GHG baseline and will be used to validate the models; and 2011 through 2050, which will be used to assess potential capacities based on a set of scenarios. The scenario framework will be constructed using storylines of the Intergovernmental Panel on Climate Change (IPCC) Special Report on Emission Scenarios (SRES), along with both reference and enhanced land-use and land-cover (LULC) and land-management parameters. Additional LULC and land-management mitigation scenarios will be constructed for each storyline to increase carbon sequestration and reduce GHG fluxes in ecosystems. Input from regional experts and stakeholders will be

  12. Scenarios of building energy demand for China with a detailed regional representation

    International Nuclear Information System (INIS)

    Yu, Sha; Eom, Jiyong; Zhou, Yuyu; Evans, Meredydd; Clarke, Leon

    2014-01-01

    Building energy consumption currently accounts for 28% of China's total energy use and is expected to continue to grow induced by floorspace expansion, income growth, and population change. Fuel sources and building services are also evolving over time as well as across regions and building types. To understand sectoral and regional difference in building energy use and how socioeconomic, physical, and technological development influence the evolution of the Chinese building sector, this study developed a building energy use model for China downscaled into four climate regions under an integrated assessment framework. Three building types (rural residential, urban residential, and commercial) were modeled specifically in each climate region. Our study finds that the Cold and Hot Summer Cold Winter regions lead in total building energy use. The impact of climate change on heating energy use is more significant than that of cooling energy use in most climate regions. Both rural and urban households will experience fuel switch from fossil fuel to cleaner fuels. Commercial buildings will experience rapid growth in electrification and energy intensity. Improved understanding of Chinese buildings with climate change highlighted in this study will help policy makers develop targeted policies and prioritize building energy efficiency measures. - Highlights: • We conduct integrated assessment of Chinese building energy use at sub-regional level. • The C and HSCW regions each account for one-third of China's building energy use. • China's building energy use with climate change would decrease by 5% in 2050. • With climate change energy use rises in HSWW region and declines in other regions

  13. Upgrading of the non-residential building stock towards nZEB standard

    DEFF Research Database (Denmark)

    Haavik, Trond; Helgesen, Paul Jacob; Rose, Jørgen

    the Net Zero Energy Building standards NZEB in a sustainable and cost efficient way; ways to identify important market and policy issues; and effective marketing strategies for such renovations. This report describes the work of Subtask B, which covers market and policy issues and marketing strategies...... aware that such savings are possible, they tend to set less ambitious targets. Buildings that are renovated to mediocre performance can be a lost opportunity for decades. The objectives of IEA SHC Task 47 are to develop a solid knowledge-base including: how to renovate non-residential buildings towards...

  14. Large scale experiments simulating hydrogen distribution in a spent fuel pool building during a hypothetical fuel uncovery accident scenario

    Energy Technology Data Exchange (ETDEWEB)

    Mignot, Guillaume; Paranjape, Sidharth; Paladino, Domenico; Jaeckel, Bernd; Rydl, Adolf [Paul Scherrer Institute, Villigen (Switzerland)

    2016-08-15

    Following the Fukushima accident and its extended station blackout, attention was brought to the importance of the spent fuel pools' (SFPs) behavior in case of a prolonged loss of the cooling system. Since then, many analytical works have been performed to estimate the timing of hypothetical fuel uncovery for various SFP types. Experimentally, however, little was done to investigate issues related to the formation of a flammable gas mixture, distribution, and stratification in the SFP building itself and to some extent assess the capability for the code to correctly predict it. This paper presents the main outcomes of the Experiments on Spent Fuel Pool (ESFP) project carried out under the auspices of Swissnuclear (Framework 2012–2013) in the PANDA facility at the Paul Scherrer Institut in Switzerland. It consists of an experimental investigation focused on hydrogen concentration build-up into a SFP building during a predefined scaled scenario for different venting positions. Tests follow a two-phase scenario. Initially steam is released to mimic the boiling of the pool followed by a helium/steam mixture release to simulate the deterioration of the oxidizing spent fuel. Results shows that while the SFP building would mainly be inerted by the presence of a high concentration of steam, the volume located below the level of the pool in adjacent rooms would maintain a high air content. The interface of the two-gas mixture presents the highest risk of flammability. Additionally, it was observed that the gas mixture could become stagnant leading locally to high hydrogen concentration while steam condenses. Overall, the experiments provide relevant information for the potentially hazardous gas distribution formed in the SFP building and hints on accident management and on eventual retrofitting measures to be implemented in the SFP building.

  15. Transforming the existing building stock to high performed energy efficient and experienced architecture

    DEFF Research Database (Denmark)

    Vestergaard, Inge

    The project Sustainable Renovation examines the challenge of the current and future architectural renovation of Danish suburbs which were designed in the period from 1945 to 1973. The research project takes its starting point in the perspectives of energy optimization and the fact that the building...

  16. Transforming the existing building stock to high performed energy efficient and experienced architecture

    DEFF Research Database (Denmark)

    Vestergaard, Inge

    architectural heritage to energy efficiency and from architectural quality to sustainability. The first, second and third renovations are discussed from financial and sustainable view points. The role of housing related to the public energy supply system and the relation between the levels of renovation......The project Sustainable Renovation examines the challenge of the current and future architectural renovation of Danish suburbs which were designed in the period from 1945 to 1973. The research project takes its starting point in the perspectives of energy optimization and the fact that the building...

  17. Radioactivity in building materials : a first overview of the European scenario

    International Nuclear Information System (INIS)

    Trevisi, Rosabianca; D'Alessandro, Marco; Nuccetelli, Cristina; Risica, Serena

    2008-01-01

    With a wide research into the national and international literature an inventory was created of building materials in Europe, characterised on the basis of activity concentration of the main natural radionuclides ( 226 Ra, 232 Th and 40 K). Materials of natural origin and containing industrial by-products were both accounted for. The inventory allowed to calculate the activity concentration index I - suggested by a European technical guidance document - for many building materials in Europe. A first identification of materials was thus made, which could be subject to controls or restrictions as for movement and/or use if the index were to be adopted by the European legislation. The analysis presented in this paper is a first attempt to discuss the data of our inventory and only five materials have been analysed. In a near future a more complete discussion will be published, also considering natural stones and superficial materials. As regards natural stones a tentative grouping will be made, classifying stones by their geological origin. Moreover, if enough data were available, we will also assess the radiation protection consequences of the potential use of by-products of industrial origin in building materials. Finally, the activity concentration of 232 Th, often higher than that of 226 Ra, in building materials shows the need of improving research into the health effects of the 232 Th chain, in particular of thoron concentration indoors. (author)

  18. Towards a calibration of building energy models: A case study from the Spanish housing stock in the Mediterranean climate

    Directory of Open Access Journals (Sweden)

    Blázquez, T.

    2015-12-01

    Full Text Available Current energy policies focus on retrofitting to achieve Horizon 2020 aims, especially concerning the residential stock constructed before the first thermal regulations. According to this, improving energy efficiency and interior comfort conditions in buildings must be supported by the knowledge of its real energy performance. Due to uncertainty and the lack of information on the current energy performance of housing and its real operational conditions, discrepancies between the results obtained and the measured data arise. Housing monitoring under real occupational conditions become essential for a better understanding of environmental behavior of residential building stock. Our aim is to show the calibration process, based on monitoring data obtained from a group of dwellings of national heritage interest built in the 1950s in Seville (a Mediterranean climate city. Calibration allows simulation results to approximate to current environmental conditions, aiming to predict and optimize the potential for subsequent environmental and energy implementation.Las actuales políticas energéticas europeas proponen la rehabilitación para poder alcanzar los objetivos del Horizonte 2020, especialmente del parque residencial construido antes de las primeras normativas térmicas, debiendo cimentarse la mejora en eficiencia energética y confort en el conocimiento de su comportamiento energético real. Aparecen divergencias entre resultados reales y de simulación debido a las incertidumbres y falta de información sobre el estado actual y las condiciones reales de uso y operacionales. La monitorización bajo condiciones de ocupación real resulta imprescindible para conocer el comportamiento energético y ambiental del parque residencial. Nuestro objetivo es mostrar el proceso de calibración de modelos energéticos, a partir de la monitorización, de unas viviendas de interés patrimonial construidas en los años cincuenta en Sevilla, ciudad de clima

  19. Novel Unsupervised Classification of Collapsed Buildings Using Satellite Imagery, Hazard Scenarios and Fragility Functions

    Directory of Open Access Journals (Sweden)

    Luis Moya

    2018-02-01

    Full Text Available Although supervised machine learning classification techniques have been successfully applied to detect collapsed buildings, there is still a major problem that few publications have addressed. The success of supervised machine learning strongly depends on the availability of training samples. Unfortunately, in the aftermath of a large-scale disaster, training samples become available only after several weeks or even months. However, following a disaster, information on the damage situation is one of the most important necessities for rapid search-and-rescue efforts and relief distribution. In this paper, a modification of the supervised machine learning classification technique called logistic regression is presented. Here, the training samples are replaced with probabilistic information, which is calculated from the spatial distribution of the hazard under consideration and one or more fragility functions. Such damage probabilities can be collected almost in real time for specific disasters such as earthquakes and/or tsunamis. We present the application of the proposed method to the 2011 Great East Japan Earthquake and Tsunami for collapsed building detection. The results show good agreement with a field survey performed by the Ministry of Land, Infrastructure, Transport and Tourism, with an overall accuracy of over 80%. Thus, the proposed method can significantly contribute to a rapid estimation of the number and locations of collapsed buildings.

  20. The Narrative Aspect of Scenario Building -How Story Telling may give people a memory of the future

    DEFF Research Database (Denmark)

    Rasmussen, Lauge Baungaard

    2005-01-01

    The quality of scenarios depends on relevant assumptions and authentic scenario stories. The article explore how the narrative approach may enrich the scenario . in addition, criteria are suggested for evaluation of the qualioty of scenario story telling...

  1. Comparison among different downscaling approaches in building water scarcity scenarios in an Alpine basin.

    Science.gov (United States)

    Guyennon, Nicolas; Romano, Emanuele; Mariani, Davide; Bruna Petrangeli, Anna; Portoghese, Ivan

    2014-05-01

    Various downscaling techniques have been developed to bridge the scale gap between global climate models (GCMs) and finer scales required to assess hydrological impacts of climate change. Although statistical downscaling (SD) has been traditionally seen as an alternative to dynamical downscaling (DD), recent works on statistical downscaling have aimed to combine the benefits of these two approaches. The overall objective of this study is to assess whether a DD processing performed before the SD is able to provide more reliable climate forcing for crop water demand models. The case study presented here focuses on the Maggiore Lake (Alpine region), with a watershed of approximately 4750 km2 and whose waters are mainly used for irrigation purposes in the Lombardia and Piemonte regions. The fifth-generation ECHAM model from the Max-Planck-Institute for Meteorology was adopted as GCM. The DD was carried out with the Protheus system (ENEA), while the SD was performed through a monthly quantile-quantile correction of the precipitation data collected in the period 1950-2012 by the 19 rainfall gauges located in the watershed area (some of them operating not continuously during the study period). The relationship between the precipitation regime and the inflow to the reservoir is obtained through a simple multilinear regression model, validated using both precipitation data and inflow measurements to the lake in the period 1996-2012 then, the same relation has been applied to the control (20c) and scenario (a1b) simulations downscaled by means of the different downscaling approaches (DD, SD and combined DD-SD). The resulting forcing has been used as input to a daily water balance model taking into account the inflow to the lake, the demand for irrigation and the reservoir management policies. The impact of the different downscaling approaches on the water budget scenarios has been evaluated in terms of occurrence, duration and intensity of water scarcity periods.

  2. Future projections of insured losses in the German private building sector following the A1B climatic change scenario

    Science.gov (United States)

    Held, H.; Gerstengarbe, F.-W.; Hattermann, F.; Pinto, J. G.; Ulbrich, U.; Böhm, U.; Born, K.; Büchner, M.; Donat, M. G.; Kücken, M.; Leckebusch, G. C.; Nissen, K.; Nocke, T.; Österle, H.; Pardowitz, T.; Werner, P. C.; Burghoff, O.; Broecker, U.; Kubik, A.

    2012-04-01

    We present an overview of a complementary-approaches impact project dealing with the consequences of climate change for the natural hazard branch of the insurance industry in Germany. The project was conducted by four academic institutions together with the German Insurance Association (GDV) and finalized in autumn 2011. A causal chain is modeled that goes from global warming projections over regional meteorological impacts to regional economic losses for private buildings, hereby fully covering the area of Germany. This presentation will focus on wind storm related losses, although the method developed had also been applied in part to hail and flood impact losses. For the first time, the GDV supplied their collected set of insurance cases, dating back for decades, for such an impact study. These data were used to calibrate and validate event-based damage functions which in turn were driven by three different types of regional climate models to generate storm loss projections. The regional models were driven by a triplet of ECHAM5 experiments following the A1B scenario which were found representative in the recent ENSEMBLES intercomparison study. In our multi-modeling approach we used two types of regional climate models that conceptually differ at maximum: a dynamical model (CCLM) and a statistical model based on the idea of biased bootstrapping (STARS). As a third option we pursued a hybrid approach (statistical-dynamical downscaling). For the assessment of climate change impacts, the buildings' infrastructure and their economic value is kept at current values. For all three approaches, a significant increase of average storm losses and extreme event return levels in the German private building sector is found for future decades assuming an A1B-scenario. However, the three projections differ somewhat in terms of magnitude and regional differentiation. We have developed a formalism that allows us to express the combined effect of multi-source uncertainty on return

  3. Consideration on hydrogen explosion scenario in APR 1400 containment building during small breakup loss of coolant accident

    Energy Technology Data Exchange (ETDEWEB)

    Park, Kweonha, E-mail: khpark@kmou.ac.kr [Division of Mechanical & Energy Systems Engineering, Korea Maritime University, Dongsam-dong, Yeongdo-gu, Busan 606-791 (Korea, Republic of); Khor, Chong Lee, E-mail: itachi_829@hotmail.com [Department of Mechanical Engineering, Korea Maritime University, Dongsam-dong, Yeongdo-gu, Busan 606-791 (Korea, Republic of)

    2015-11-15

    Highlights: • Hydrogen behavior in the containment building of APR1400 nuclear plant up to 15 h after the failure happened. • The risk of hydrogen explosion largely depends on the combination of air, hydrogen and steam in the containment. • Hydrogen explosion risk at different locations in the containment was analyzed. - Abstract: This paper describes the analytical result of the potential risk of hydrogen gas up to 15 h after the failure takes place. The major cause of the disaster occurred in Fukushima Daiichi nuclear reactor was the detonation of accumulated hydrogen in the containment by highly increased reactor core temperatures after the failure of the emergency cooling system. The hydrogen risk should be considered in severe accident strategies in current and future NPPs. A hydrogen explosion scenario is proposed. Hydrogen is accumulated on top of the dome during the hydrogen release period. At this point, there are no risk of explosion due to the steam that resides in upper part of the dome. As the hydrogen concentration increase, substantial amount of steams are released. Subsequently, hydrogen is forced into the lower part of the building with high air density—small explosion and dormant steam condensation phase are possible. The light hydrogen rises up slowly with air, gathering on top of the building with high air density. Massive hydrogen explosion is anticipated upon ignition at this stage.

  4. Modeled effects of an improved building insulation scenario in Europe on air pollution, health and societal costs

    DEFF Research Database (Denmark)

    Bønløkke, Jakob Hjort; Holst, Gitte Juel; Sigsgaard, Torben

    2015-01-01

    scenario in Europe would have substantial benefits on health through improvements in air pollution. Health effects and societal cost savings may significantly counterbalance investment costs and should be taken into account when evaluating strategies for mitigation of global warming....... with extensions. Mean annual changes in the main air pollutants were derived for each country. World Health Organization (WHO) and European Union (EU) data on populations and on impacts of pollutants were used to derive health effects and costs. Effects on indoor air quality were not assessed. Results: Projected...... 78678 LY in Europe. A total of 7173 cases of persistent chronic bronchitis could be avoided annually. Several other health outcomes improved similarly. The saved societal costs totaled 6.64 billion € annually. Conclusions: In addition to carbon emission reductions, an improved building insulation...

  5. The characteristics and the energy behaviour of the residential building stock of Cyprus in view of Directive 2002/91/EC

    Energy Technology Data Exchange (ETDEWEB)

    Panayiotou, G.P.; Kalogirou, S.A.; Florides, G.A. [Cyprus University of Technology, Department of Mechanical Engineering and Materials Science and Engineering (Cyprus); Maxoulis, C.N. [Cyprus Scientific and Technical Chamber (Cyprus); Papadopoulos, A.M. [Aristotle University of Thessaloniki, Department of Mechanical Engineering (Greece); Neophytou, M.; Fokaides, P.; Georgiou, G. [University of Cyprus, Department of Civil and Environmental Engineering (Cyprus); Symeou, A. [Energy Service, Ministry of Commerce, Industry and Tourism (Cyprus); Georgakis, G. [RTD Talos (Cyprus)

    2010-11-15

    The significance of the residential building sector in terms of energy consumption is well acknowledged. In this view the knowledge of the way the residential building stock of Cyprus behaves in terms of energy consumption is quite valuable since it will assist policy makers to formulate targeted measures aiming the improvement of energy efficiency and setting current legal standards and benchmarks in the energy performance certificate, a requirement of the 2002/91/EC Directive. Unfortunately, the existing knowledge on this subject is quite poor. As a remedy a research project supported by a national research grant is in operation since December 2008. This paper presents the outline, goals and methodology of this research project and the findings regarding the energy behaviour and other characteristics of the residential building stock of Cyprus. From the analysis of the results for 500 residential buildings, it seems that the energy demand and primary energy required is lower than that of other European countries. Moreover, it seems that the age of residential buildings has low correlation with the energy demand while in contrast with other Northern and Central European countries, it is clear that the contribution of cooling energy requirements to the overall energy demand is quite significant. (author)

  6. Modeling In-Use Steel Stock in China’s Buildings and Civil Engineering Infrastructure Using Time-Series of DMSP/OLS Nighttime Lights

    Directory of Open Access Journals (Sweden)

    Hanwei Liang

    2014-05-01

    Full Text Available China’s rapid urbanization has led to increasing steel consumption for buildings and civil engineering infrastructure. The in-use steel stock in the same is considered to be closely related to social welfare and urban metabolism. Traditional approaches for determining the in-use steel stock are labor-intensive and time-consuming processes and always hindered by the availability of statistical data. To address this issue, this study proposed the use of long-term nighttime lights as a proxy to effectively estimate in-use steel stock for buildings (IUSSB and civil engineering infrastructure (IUSSCE at the provincial level in China. Significant relationships between nighttime lights versus IUSSB and IUSSCE were observed for provincial variables in a single year, as well as for time series variables of a single province. However, these relationships were found to differ among provinces (referred to as “inter-individual differences” and with time (referred to as “temporal differences”. Panel regression models were therefore proposed to estimate IUSSB and IUSSCE in consideration of the temporal and inter-individual differences based on a dataset covering 1992–2007. These models were validated using data for 2008, and the results showed good estimation for both IUSSB and IUSSCE. The proposed approach can be used to easily monitor the dynamic of IUSSB and IUSSCE in China. This should be critical in providing valuable information for policy making regarding regional development of buildings and infrastructure, sustainable urban resource management, and cross-boundary material recycling.

  7. Building a Unique Scenario to Support Cross-Mission Science with SPICE: The Siding-Spring comet encounter with Mars

    Science.gov (United States)

    Costa, M.; Witasse, O.; Sánchez-Cano, B.

    2017-09-01

    On October 2014, Mars experienced a close encounter with Comet Siding Spring. This contribution outlines a SPICE scenario built to assist studies combining MEX, MAVEN, Mars Odyssey, MSL, and Siding-Spring data focused on a Cosmographia 3D scenario.

  8. Future premature mortality due to O3, secondary inorganic aerosols and primary PM in Europe--sensitivity to changes in climate, anthropogenic emissions, population and building stock.

    Science.gov (United States)

    Geels, Camilla; Andersson, Camilla; Hänninen, Otto; Lansø, Anne Sofie; Schwarze, Per E; Skjøth, Carsten Ambelas; Brandt, Jørgen

    2015-03-04

    Air pollution is an important environmental factor associated with health impacts in Europe and considerable resources are used to reduce exposure to air pollution through emission reductions. These reductions will have non-linear effects on exposure due, e.g., to interactions between climate and atmospheric chemistry. By using an integrated assessment model, we quantify the effect of changes in climate, emissions and population demography on exposure and health impacts in Europe. The sensitivity to the changes is assessed by investigating the differences between the decades 2000-2009, 2050-2059 and 2080-2089. We focus on the number of premature deaths related to atmospheric ozone, Secondary Inorganic Aerosols and primary PM. For the Nordic region we furthermore include a projection on how population exposure might develop due to changes in building stock with increased energy efficiency. Reductions in emissions cause a large significant decrease in mortality, while climate effects on chemistry and emissions only affects premature mortality by a few percent. Changes in population demography lead to a larger relative increase in chronic mortality than the relative increase in population. Finally, the projected changes in building stock and infiltration rates in the Nordic indicate that this factor may be very important for assessments of population exposure in the future.

  9. Future Premature Mortality Due to O3, Secondary Inorganic Aerosols and Primary PM in Europe — Sensitivity to Changes in Climate, Anthropogenic Emissions, Population and Building Stock

    Science.gov (United States)

    Geels, Camilla; Andersson, Camilla; Hänninen, Otto; Lansø, Anne Sofie; Schwarze, Per E.; Ambelas Skjøth, Carsten; Brandt, Jørgen

    2015-01-01

    Air pollution is an important environmental factor associated with health impacts in Europe and considerable resources are used to reduce exposure to air pollution through emission reductions. These reductions will have non-linear effects on exposure due, e.g., to interactions between climate and atmospheric chemistry. By using an integrated assessment model, we quantify the effect of changes in climate, emissions and population demography on exposure and health impacts in Europe. The sensitivity to the changes is assessed by investigating the differences between the decades 2000–2009, 2050–2059 and 2080–2089. We focus on the number of premature deaths related to atmospheric ozone, Secondary Inorganic Aerosols and primary PM. For the Nordic region we furthermore include a projection on how population exposure might develop due to changes in building stock with increased energy efficiency. Reductions in emissions cause a large significant decrease in mortality, while climate effects on chemistry and emissions only affects premature mortality by a few percent. Changes in population demography lead to a larger relative increase in chronic mortality than the relative increase in population. Finally, the projected changes in building stock and infiltration rates in the Nordic indicate that this factor may be very important for assessments of population exposure in the future. PMID:25749320

  10. Future Premature Mortality Due to O3, Secondary Inorganic Aerosols and Primary PM in Europe — Sensitivity to Changes in Climate, Anthropogenic Emissions, Population and Building Stock

    Directory of Open Access Journals (Sweden)

    Camilla Geels

    2015-03-01

    Full Text Available Air pollution is an important environmental factor associated with health impacts in Europe and considerable resources are used to reduce exposure to air pollution through emission reductions. These reductions will have non-linear effects on exposure due, e.g., to interactions between climate and atmospheric chemistry. By using an integrated assessment model, we quantify the effect of changes in climate, emissions and population demography on exposure and health impacts in Europe. The sensitivity to the changes is assessed by investigating the differences between the decades 2000–2009, 2050–2059 and 2080–2089. We focus on the number of premature deaths related to atmospheric ozone, Secondary Inorganic Aerosols and primary PM. For the Nordic region we furthermore include a projection on how population exposure might develop due to changes in building stock with increased energy efficiency. Reductions in emissions cause a large significant decrease in mortality, while climate effects on chemistry and emissions only affects premature mortality by a few percent. Changes in population demography lead to a larger relative increase in chronic mortality than the relative increase in population. Finally, the projected changes in building stock and infiltration rates in the Nordic indicate that this factor may be very important for assessments of population exposure in the future.

  11. Participatory Approach to Long-Term Socio-Economic Scenarios as Building Block of a Local Vulnerability and Risk Assessment Tool - The Case Study Lienz (East-Tyrol)

    Science.gov (United States)

    Meyer, Ina; Eder, Brigitte; Hama, Michiko; Leitner, Markus

    2016-04-01

    Risks associated with climate change are mostly still understood and analyzed in a sector- or hazard-specific and rarely in a systemic, dynamic and scenario-based manner. In addition, socio-economic trends are often neglected in local vulnerability and risk assessments although they represent potential key determinants of risk and vulnerability. The project ARISE (Adaptation and Decision Support via Risk Management Through Local Burning Embers) aims at filling this gap by applying a participatory approach to socio-economic scenario building as building block of a local vulnerability assessment and risk management tool. Overall, ARISE aims at developing a decision support system for climate-sensitive iterative risk management as a key adaptation tool for the local level using Lienz in the East-Tyrol as a test-site City. One central building block is participatory socio-economic scenario building that - together with regionalized climate change scenarios - form a centrepiece in the process-oriented assessment of climate change risks and vulnerability. Major vulnerabilities and risks may stem from the economic performance, the socio-economic or socio-demographic developments or changes in asset exposition and not from climate change impacts themselves. The IPCC 5th assessment report underlines this and states that for most economic sectors, the impact of climate change may be small relative to the impacts of other driving forces such as changes in population growth, age, income, technology, relative prices, lifestyle, regulation, governance and many other factors in the socio-economy (Arent et al., 2014). The paper presents the methodology, process and results with respect to the building of long-term local socio-economic scenarios for the City of Lienz and the surrounding countryside. Scenarios were developed in a participatory approach using a scenario workshop that involved major stakeholders from the region. Participatory approaches are increasingly recognized as

  12. A new methodology for building local climate change scenarios : A case study of monthly temperature projections for Mexico City

    NARCIS (Netherlands)

    Estrada, Francisco; Guerrero, VíCtor M.

    2014-01-01

    This paper proposes a new methodology for generating climate change scenarios at the local scale based on multivariate time series models and restricted forecasting techniques. This methodology offers considerable advantages over the current statistical downscaling techniques such as: (i) it

  13. Building a low carbon scenario for France. How a participatory approach can enhance social and economic acceptability

    International Nuclear Information System (INIS)

    Bibas, Ruben; Mathy, Sandrine; Fink, Meike

    2012-03-01

    This publication presents the French case study of the European ENCI-LowCarb research project: Engaging Civil Society in Low Carbon scenarios. The core activity of this project was the development of a methodology for the transparent integration of stakeholders' contributions in the scenario design process to enhance the stakeholders' acceptance of the resulting low carbon pathways. This attempt at integrating acceptability in scenario-making constitutes an important step to distinguish what is technically and economically feasible from what is acceptable. Today, a wide range of published scenarios emphasize the fact that they are built on public consultations or stakeholders' contributions. However, transparency is lacking concerning the methodology relative to how contributions were taken into account and translated into assumptions that can be used by the modeling tool. The project ENCI-LowCarb aimed at exploring this scientific gap. Energy scenarios outline possible low-carbon futures built around assumptions on fossil fuels prices evolution, technological choices and the mechanisms of energy demand and supply, among others. Scenarios are influential tools in political decision-making processes since they shed light on the long-term impacts of today's investment decisions, especially regarding infrastructures. This is why it is crucial that these pathways derive from discussions with main stakeholders. In this report, the French project team (CIRED and RAC-F) has the pleasure to present energy scenarios for France which derive from a collaborative scenario design process including the participation of a wide range of French stakeholders (civil society organizations including trade unions and non-governmental organizations, private companies, banks, statewide and local authorities). Participating stakeholders were asked to define or select acceptable CO 2 emissions mitigation measures. Their contributions were implemented in the technico-economic model Imaclim

  14. Strategic stock management task for building corporations. Energy as part of the house quality; Strategisch voorraadbeheer taak woningcorporaties. Energie als onderdeel van de woonkwaliteit

    Energy Technology Data Exchange (ETDEWEB)

    Burdorf, E. [DWA installatie en energieadvies, Bodegraven (Netherlands)

    2006-03-15

    From a strategic stock management perspective building corporations should have a vision on what is important for future target groups: young or old, families or singles, income, etc. Those aspects have a great impact on the level of facilities and provisions in houses and the possibility to adjust houses by applying domotics, comfort cooling, care facilities, the use of renewable energy systems. [Dutch] Vanuit het strategisch voorraadbeheer van woningcorporaties is een visie op de toekomstige doelgroepen van belang. Vindt er een verschuiving plaats van jong naar oud? Gezinnen of juist alleenstaanden? Welke inkomensgroepen worden bediend? Dergelijke vragen hebben grote invloed op het voorzieningenniveau in de woningen. Flexibiliteit inbouwen door woningen gemakkelijk aanpasbaar te maken voor domotica, comfortkoeling, zorgfuncties, en met oog voor de opties voor duurzame energie. Want met de huidige stijgende energieprijzen kunnen de energielasten stijgen tot 40 procent van de woonkosten. Dat vraagt aandacht voor de post energie.

  15. System and scenario choices in the life cycle assessment of a building – changing impacts of the environmental profile

    DEFF Research Database (Denmark)

    Rasmussen, Freja; Birgisdóttir, Harpa; Birkved, Morten

    2013-01-01

    This paper presents a life cycle assessment (LCA) case study of an office building. The case study investigates how the setting of free parameters (adopted from the CEN/TC 350 standards) influences the results of the building’s LCA in the DGNB certification scheme for sustainable buildings...

  16. Optimal balance between energy demand and onsite energy generation for robust net zero energy buildings considering future scenarios

    NARCIS (Netherlands)

    Kotireddy, R.R.; Hoes, P.; Hensen, J.L.M.

    2015-01-01

    Net-zero energy buildings have usually very low energy demand, and consequently heating ventilation and air conditioning (HVAC) systems are designed and controlled to meet this low energy demand. However, a number of uncertainties in the building use, operation and external conditions such as

  17. Dynamic generation of socio-economic scenarios for climate change adaptation: methods, building blocks and examples; Dynamisk generering av socioekonomiska scenarier foer klimatanpassning: metod, byggstenar och exempel

    Energy Technology Data Exchange (ETDEWEB)

    Carlsen, Henrik; Dreborg, Karl Henrik

    2008-05-15

    There is a need for socio-economic scenarios in climate change adaptation work in order to help planners cope with uncertainty of the long term development of society. The United Nations' Panel of climate change (IPCC) has developed climate scenarios with substantially different climatic characteristics in a hundred years' perspective. However, in a 25-30 years' perspective, which is very long term in societal planning, the difference between the scenarios is small, while society may develop in different directions. Since measures of adaptation to a changing climate may have different impacts depending on future socio-economic conditions, there is a need for scenarios that describe different possible developments. With a time frame of 25 years scenarios are more useful than projections of single factors such as GDP or demography, because scenarios can capture structural changes of society. This report presents results from a first step of the development of a scenario tool for climate adaptation work in municipalities, regions, and sectors of society in Sweden. The tool is to be further developed in regional case studies with the aim to make it adaptable to the specific focus of interest of various planning agencies. Therefore, we primarily concentrate on developing external factors and different possible future states for these, and a methodology for combining them into scenarios. The report presents the main steps of the scenario methodology and building blocks for the scenario construction consisting of socio-economic factors of special importance for climate adaptation work. The 13 socio-economic factors are: Demography; International mitigation policy; International climate change adaptation policy, Swedish economy; Ideology and social cohesion; Climate change perception; Swedish governance; Environmental policy; Global energy paradigm; Swedish energy paradigm; Land use; Built environment; Transportation. For each factor different possible

  18. Compression stockings

    Science.gov (United States)

    Call your health insurance or prescription plan: Find out if they pay for compression stockings. Ask if your durable medical equipment benefit pays for compression stockings. Get a prescription from your doctor. Find a medical equipment store where they can ...

  19. Stock Status

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — These data inform the public of the most recent stock status for all stocks (FSSI and non-FSSI) in the fishery management unit contained in a fishery managment plan....

  20. Regional scenario building as a tool to support vulnerability assessment of food & water security and livelihood conditions under varying natural resources managements

    Science.gov (United States)

    Reinhardt, Julia; Liersch, Stefan; Dickens, Chris; Kabaseke, Clovis; Mulugeta Lemenih, Kassaye; Sghaier, Mongi; Hattermann, Fred

    2013-04-01

    Participatory regional scenario building was carried out with stakeholders and local researchers in four meso-scale case studies (CS) in Africa. In all CS the improvement of food and / or water security and livelihood conditions was identified as the focal issue. A major concern was to analyze the impacts of different plausible future developments on these issues. The process of scenario development is of special importance as it helps to identify main drivers, critical uncertainties and patterns of change. Opportunities and constraints of actors and actions become clearer and reveal adaptation capacities. Effective strategies must be furthermore reasonable and accepted by local stakeholders to be implemented. Hence, developing scenarios and generating strategies need the integration of local knowledge. The testing of strategies shows how they play out in different scenarios and how robust they are. Reasons and patterns of social and natural vulnerability can so be shown. The scenario building exercise applied in this study is inspired by the approach from Peter Schwartz. It aims at determining critical uncertainties and to identify the most important driving forces for a specific focal issue which are likely to shape future developments of a region. The most important and uncertain drivers were analyzed and systematized with ranking exercises during meetings with local researchers and stakeholders. Cause-effect relationships were drawn in the form of concept maps either during the meetings or by researchers based on available information. Past observations and the scenario building outcomes were used to conduct a trend analysis. Cross-comparisons were made to find similarities and differences between CS in terms of main driving forces, patterns of change, opportunities and constraints. Driving forces and trends which aroused consistently over scenarios and CS were identified. First results indicate that livelihood conditions of people rely often directly on the

  1. Building

    OpenAIRE

    Seavy, Ryan

    2014-01-01

    Building for concrete is temporary. The building of wood and steel stands against the concrete to give form and then gives way, leaving a trace of its existence behind. Concrete is not a building material. One does not build with concrete. One builds for concrete. MARCH

  2. Energy conservation: policy issues and end-use scenarios of savings potential. Part V. Energy efficient buildings: the causes of litigation against energy conservation building codes

    Energy Technology Data Exchange (ETDEWEB)

    Benenson, P.; Codina, R.; Cornwall, B.

    1978-09-01

    The guidelines laid out for the five subjects investigated in this series are to take a holistic view of energy conservation policies by describing the overall system in which they are implemented; provide analytical tools and sufficiently disagregated data bases that can be adapted to answer a variety of questions by the users; identify and discuss some of the important issues behind successful energy conservation policy; and develop an energy conservation policy in depth. Three specific cases reviewed are: the California nonresidential code (1976); the California residential code (1978); and the Farmers Home Administration code (1978). Although these three suits were brought by the building industry, this report also discusses considerations relevant to architects, bankers, and building inspectors. These cases are discussed from three perspectives: (1) objections to the codes explicitly stated in court, (2) industry conditions and practices behind objections stated in court, and (3) general beliefs not stated in court. This discussion focuses on suits intended to limit those building codes which the building industry sees as too strong. However, some energy conservation industries may sue to strengthen codes which they consider too weak. An example of such a case is Polarized Corporation's current suit against the Lighting section of ASHRAE 90-75 (Los Angeles Federal District Court, see Murnane, 1978). (MCW)

  3. The Scenario Approach to the Development of Strategy of Prevention of Raider Seizure for Machine-Building Enterprise

    Directory of Open Access Journals (Sweden)

    Momot Tetiana V.

    2017-12-01

    Full Text Available The article proposes the methodical approach to the choice and substantiation of efficiency of managerial decisions on ensuring economic safety at counteraction of raiding, based on an intellectual instrumental analysis. The ranking of alternatives of managerial decisions on the basis of the received weighted estimates and their fuzzy composition is used. A graphical interpretation of the membership functions of the calculated fuzzy expected utilities of management alternatives for the machine-building enterprises has been constructed and is presented.

  4. Non-sectarian scenario experiments in socio-ecological knowledge building for multi-use marine environments: Insights from New Zealand's Marine Futures project

    KAUST Repository

    Le Heron, Richard

    2016-01-29

    The challenges of managing marine ecosystems for multiple users, while well recognised, has not led to clear strategies, principles or practice. The paper uses novel workshop based thought-experiments to address these concerns. These took the form of trans-disciplinary Non-Sectarian Scenario Experiments (NSSE), involving participants who agreed to put aside their disciplinary interests and commercial and institutional obligations. The NSSE form of co-production of knowledge is a distinctive addition to the participatory and scenario literatures in marine resource management (MRM). Set in the context of resource use conflicts in New Zealand, the workshops assembled diverse participants in the marine economy to co-develop and co-explore the making of socio-ecological knowledge and identify capability required for a new generation of multi-use oriented resource management. The thought-experiments assumed that non-sectarian navigation of scenarios will resource a step-change in marine management by facilitating new connections, relationships, and understandings of potential marine futures. Two questions guided workshop interactions: what science needs spring from pursuing imaginable possibilities and directions in a field of scenarios, and what kinds of institutions would aid the generation of science knowledge, and it application to policy and management solutions. The effectiveness of the thought- experiments helped identify ways of dealing with core problems in multi-use marine management, such as the urgent need to cope with ecological and socio-economic surprise, and define and address cumulative impacts. Discussion focuses on how the workshops offered fresh perspectives and insights into a number of challenges. These challenges include building relations of trust and collective organisation, showing the importance of values-means-ends pathways, developing facilitative legislation to enable initiatives, and the utility of the NSSEs in informing new governance and

  5. Building strategies for tsunami scenarios databases to be used in a tsunami early warning decision support system: an application to western Iberia

    Science.gov (United States)

    Tinti, S.; Armigliato, A.; Pagnoni, G.; Zaniboni, F.

    2012-04-01

    One of the most challenging goals that the geo-scientific community is facing after the catastrophic tsunami occurred on December 2004 in the Indian Ocean is to develop the so-called "next generation" Tsunami Early Warning Systems (TEWS). Indeed, the meaning of "next generation" does not refer to the aim of a TEWS, which obviously remains to detect whether a tsunami has been generated or not by a given source and, in the first case, to send proper warnings and/or alerts in a suitable time to all the countries and communities that can be affected by the tsunami. Instead, "next generation" identifies with the development of a Decision Support System (DSS) that, in general terms, relies on 1) an integrated set of seismic, geodetic and marine sensors whose objective is to detect and characterise the possible tsunamigenic sources and to monitor instrumentally the time and space evolution of the generated tsunami, 2) databases of pre-computed numerical tsunami scenarios to be suitably combined based on the information coming from the sensor environment and to be used to forecast the degree of exposition of different coastal places both in the near- and in the far-field, 3) a proper overall (software) system architecture. The EU-FP7 TRIDEC Project aims at developing such a DSS and has selected two test areas in the Euro-Mediterranean region, namely the western Iberian margin and the eastern Mediterranean (Turkish coasts). In this study, we discuss the strategies that are being adopted in TRIDEC to build the databases of pre-computed tsunami scenarios and we show some applications to the western Iberian margin. In particular, two different databases are being populated, called "Virtual Scenario Database" (VSDB) and "Matching Scenario Database" (MSDB). The VSDB contains detailed simulations of few selected earthquake-generated tsunamis. The cases provided by the members of the VSDB are computed "real events"; in other words, they represent the unknowns that the TRIDEC

  6. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

    Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

  7. Integrated transportation scenario planning.

    Science.gov (United States)

    2010-07-01

    Regional land usetransportation scenario planning emerged as a planning technique in U.S. : metropolitan areas in the 1990s. Building on prior work by this research team, this study continues : to track the development and expansion of regional sc...

  8. Mars base buildup scenarios

    International Nuclear Information System (INIS)

    Blacic, J.D.

    1985-01-01

    Two surface base build-up scenarios are presented in order to help visualize the mission and to serve as a basis for trade studies. In the first scenario, direct manned landings on the Martian surface occur early in the missions and scientific investigation is the main driver and rationale. In the second scenario, early development of an infrastructure to exploite the volatile resources of the Martian moons for economic purposes is emphasized. Scientific exploration of the surface is delayed at first, but once begun develops rapidly aided by the presence of a permanently manned orbital station

  9. Scenario planning.

    Science.gov (United States)

    Enzmann, Dieter R; Beauchamp, Norman J; Norbash, Alexander

    2011-03-01

    In facing future developments in health care, scenario planning offers a complementary approach to traditional strategic planning. Whereas traditional strategic planning typically consists of predicting the future at a single point on a chosen time horizon and mapping the preferred plans to address such a future, scenario planning creates stories about multiple likely potential futures on a given time horizon and maps the preferred plans to address the multiple described potential futures. Each scenario is purposefully different and specifically not a consensus worst-case, average, or best-case forecast; nor is scenario planning a process in probabilistic prediction. Scenario planning focuses on high-impact, uncertain driving forces that in the authors' example affect the field of radiology. Uncertainty is the key concept as these forces are mapped onto axes of uncertainty, the poles of which have opposed effects on radiology. One chosen axis was "market focus," with poles of centralized health care (government control) vs a decentralized private market. Another axis was "radiology's business model," with one pole being a unified, single specialty vs a splintered, disaggregated subspecialty. The third axis was "technology and science," with one pole representing technology enabling to radiology vs technology threatening to radiology. Selected poles of these axes were then combined to create 3 scenarios. One scenario, termed "entrepreneurialism," consisted of a decentralized private market, a disaggregated business model, and threatening technology and science. A second scenario, termed "socialized medicine," had a centralized market focus, a unified specialty business model, and enabling technology and science. A third scenario, termed "freefall," had a centralized market focus, a disaggregated business model, and threatening technology and science. These scenarios provide a range of futures that ultimately allow the identification of defined "signposts" that can

  10. Scenario? Guilty!

    DEFF Research Database (Denmark)

    Kyng, Morten

    1992-01-01

    Robert Campbell categorizes the word "scenario" as a buzzword, identifies four major uses within HCI and suggests that we adopt new terms differentiating these four uses of the word. My first reaction to reading the article was definitely positive, but rereading it gave me enough second thoughts...... to warrant a response. I should probably confess that I searched my latest paper for the word "scenario" and found eight occurrences, none of which fell in the categories described by Campbell....

  11. Current scenario

    Indian Academy of Sciences (India)

    First page Back Continue Last page Overview Graphics. Current scenario. India , like other parts of the world, is also facing the problem of increase in the incidence of drug resistance in tuberculosis. Multi-drug resistance (MDR, resistance to RIF & INH) and extensively drug resistant strains (X-DR, resistance to RIF, INH, FQs ...

  12. Combinando intuição e objetividade na construção de cenários alternativos Combining intuition with objectivity in building scenarios

    Directory of Open Access Journals (Sweden)

    José Roberto Ribas

    2008-12-01

    um procedimento cujas características principais foram transparência e baixo custo.Planning by means of scenarios has been carried out for 40 years. From introduction in l967 up to late seventies, analytic effort was directed to improve the scenario technique as a support decision for making. The three methodological lines that emerged are intuitive logic, probabilistic trends and prospective analysis. Subsequently preference for scenarios in planning did not progress as expected. This was due to the limited success of practitioners in dealing with excessive technicalities on the one hand and recurrent superficiality on the other. Furthermore, Millett (2003 emphasized middle management complaints that scenarios did not deal with competitive issues or to their critical business decisions. The author defined the challenges to be faced which were the resolution of misunderstanding regarding definition and methodology for scenario construction, clarification and expansion of the appropriate application of scenarios and reduction of resources necessary for scenario planning, all of which were addressed in the procedure presented. With an exploratory approach, subjective opinion from the intuition of specialists was combined with analytical methods. This procedure was applied step-by-step to construct alternate scenarios for residential consumption of electrical energy in the state of Parana up to 2015. Results from structured interviews with 14 specialists selected by appraisals, were combined with information from social, economic and electric power industry data bases. Low cost and transparency were the features of the three alternates scenarios produced together with their subjective probabilities.

  13. Trends and reduction scenarios for Rn 222 concentrations in dwellings

    International Nuclear Information System (INIS)

    Blaauboer, R.O.; Heling, R.

    1993-07-01

    In the title study the effects of possible measures on the average radon concentration in Dutch dwellings is evaluated. Attention is paid to the trends in building methods, the use of building materials and using the trends as a reference development (scenario 0). A total of seven scenarios has been evaluated. The model that was used was kept rather simple, because most of the parameter values are average values. The measures studied were selected on the basis of cost-effectiveness. All measures are based on reducing the infiltration of radon from the crawl space under the house to the living quarters and reducing the exhalation rates of building materials. The evaluation shows a rather good match with earlier measurements and projections as far as the average radon concentration is concerned. The trend, i.e. the development without taking measures directed at reducing the radon concentration, predicts a slow increase of about 15% until approximately the year 2025. The scenario that is directed at using concrete with low Ra-226 concentrations in new houses projects an end to this trend. Other scenarios reveal that taking measures solely in the existing housing stock would give a substantial decrease in radon concentrations in the near future. The spread sheet model that was developed to evaluate the consequences of the different scenarios projects a possible reduction of the average radon concentration in dwellings with 25% by the year 2025, compared to 1991, if measures, directed at Rn-reduction are applied. If in addition to that concrete with low Ra-226 concentrations is used in new buildings, a reduction of the average radon concentration is projected of about 30%. This would result in an average radon concentration in dwellings of about 23 Bq.m -3 in the future. These reduction percentages have to be handled with some care however, because the effect of the obviously occurring uncertainties in several parameters used, are not yet quite clear. Trends in and the

  14. PROCESS INNOVATION: HOLISTIC SCENARIOS TO REDUCE TOTAL LEAD TIME

    Directory of Open Access Journals (Sweden)

    Alin POSTEUCĂ

    2015-11-01

    Full Text Available The globalization of markets requires continuous development of business holistic scenarios to ensure acceptable flexibility to satisfy customers. Continuous improvement of supply chain supposes continuous improvement of materials and products lead time and flow, material stocks and finished products stocks and increasing the number of suppliers close by as possible. The contribution of our study is to present holistic scenarios of total lead time improvement and innovation by implementing supply chain policy.

  15. Effects of changes in stock productivity and mixing on sustainable fishing and economic viability

    DEFF Research Database (Denmark)

    Bastardie, Francois; Nielsen, J. Rasmus; Eero, Margit

    2017-01-01

    Within the new FMSY European paradigm, this paper shows how a combination of changes in fish stock mixing, non-stationarity in productivity, and constraints on unit stock concepts undermine the effective management of fisheries, especially when management reference points are not adjusted...... accordingly. Recent changes in stock structures, conditions and stock mixing between eastern and western Baltic cod can jeopardize the reliability of stock assessments and of the fishery economy. We modelled how different management, individual vessel decision-making, and stock growth and mixing scenarios...... have induced alternative individual vessel spatial effort allocation and economic performance by affecting fishing costs and by changing the relative stock abundance and size distribution. Stock mixing heavily influences profit and stock abundance for stocks that have experienced increased fishing...

  16. Determinants of residential electricity consumption: Using smart meter data to examine the effect of climate, building characteristics, appliance stock, and occupants' behavior

    International Nuclear Information System (INIS)

    Kavousian, Amir; Rajagopal, Ram; Fischer, Martin

    2013-01-01

    We propose a method to examine structural and behavioral determinants of residential electricity consumption, by developing separate models for daily maximum (peak) and minimum (idle) consumption. We apply our method on a data set of 1628 households' electricity consumption. The results show that weather, location and floor area are among the most important determinants of residential electricity consumption. In addition to these variables, number of refrigerators and entertainment devices (e.g., VCRs) are among the most important determinants of daily minimum consumption, while number of occupants and high-consumption appliances such as electric water heaters are the most significant determinants of daily maximum consumption. Installing double-pane windows and energy-efficient lights helped to reduce consumption, as did the energy-conscious use of electric heater. Acknowledging climate change as a motivation to save energy showed correlation with lower electricity consumption. Households with individuals over 55 or between 19 and 35 years old recorded lower electricity consumption, while pet owners showed higher consumption. Contrary to some previous studies, we observed no significant correlation between electricity consumption and income level, home ownership, or building age. Some otherwise energy-efficient features such as energy-efficient appliances, programmable thermostats, and insulation were correlated with slight increase in electricity consumption. - Highlights: • Weather, location and floor area are the most important determinants of residential electricity use. • Daily minimum and maximum are explained by different factors. • Number of refrigerators and entertainment devices explain daily minimum the best. • Number of occupants and high-consumption appliances explain daily maximum the best. • Other factors such as energy efficient features and household's socioeconomic status are examined

  17. ImBuild: Impact of building energy efficiency programs

    Energy Technology Data Exchange (ETDEWEB)

    Scott, M.J.; Hostick, D.J.; Belzer, D.B.

    1998-04-01

    As part of measuring the impact of government programs on improving the energy efficiency of the Nation`s building stock, the Department of Energy Office of Building Technology, State and Community Programs (BTS) is interested in assessing the economic impacts of its portfolio of programs, specifically the potential impact on national employment and income. The special-purpose version of the IMPLAN model used in this study is called ImBuild. In comparison with simple economic multiplier approaches, such as Department of Commerce RIMS 2 system, ImBuild allows for more complete and automated analysis of the economic impacts of energy efficiency investments in buildings. ImBuild is also easier to use than existing macroeconomic simulation models. The authors conducted an analysis of three sample BTS energy programs: the residential generator-absorber heat exchange gas heat pump (GAX heat pump), the low power sulfur lamp (LPSL) in residential and commercial applications, and the Building America program. The GAX heat pump would address the market for the high-efficiency residential combined heating and cooling systems. The LPSL would replace some highly efficient fluorescent commercial lighting. Building America seeks to improve the energy efficiency of new factory-built, modular, manufactured, and small-volume, site-built homes through use of systems engineering concepts and early incorporation of new products and processes, and by increasing the demand for more energy-efficient homes. The authors analyze a scenario for market penetration of each of these technologies devised for BTS programs reported in the BTS GPRA Metrics Estimates, FY99 Budget Request, December 19, 1997. 46 figs., 4 tabs.

  18. Stock Market Project.

    Science.gov (United States)

    Distel, Brenda D.

    This project is designed to teach students the process of buying stocks and to tracking their investments over the course of a semester. The goals of the course are to teach students about the relationships between conditions in the economy and the stock market; to predict the effect of an economic event on a specific stock or industry; to relate…

  19. Predictability of Stock Returns

    Directory of Open Access Journals (Sweden)

    Ahmet Sekreter

    2017-06-01

    Full Text Available Predictability of stock returns has been shown by empirical studies over time. This article collects the most important theories on forecasting stock returns and investigates the factors that affecting behavior of the stocks’ prices and the market as a whole. Estimation of the factors and the way of estimation are the key issues of predictability of stock returns.

  20. Cosmogonic scenario

    International Nuclear Information System (INIS)

    Alfven, H.; Arrhenius, G.

    1985-05-01

    A recent analysis demonstrates that the Saturnian C ring and essential features of the B and A rings agrees with the plasma cosmogony approach with an accuracy of about 1% or even better. This starts a transition of cosmogony from speculation to real science. Based on the monographs by Alfven and Arrhenius on the evolution of the solar system a cosmogonic scenario is tentatively proposed. This outlines the evolution of an interstellar cloud and the formation of stars surrounded by solar nebulae under the combined action of gravitational and electromagnetic forces. Further, matter falling in from the solar nebula towards the sun is processed by newly clarified electromagnetic processes and a plasma-planetesimal transition (PPT) occurs. Planetesimals accrete to planets and around some of them the same process in miniature leads to the formation of satellites. Also the origin of comets is discussed. (author)

  1. Concentration transport calculations by an original C++ program with interediate fidelity physics through user-defined buildings with an emphasis on release scenarios in radiological facilities

    Science.gov (United States)

    Sayre, George Anthony

    The purpose of this dissertation was to develop the C ++ program Emergency Dose to calculate transport of radionuclides through indoor spaces using intermediate fidelity physics that provides improved spatial heterogeneity over well-mixed models such as MELCORRTM and much lower computation times than CFD codes such as FLUENTRTM . Modified potential flow theory, which is an original formulation of potential flow theory with additions of turbulent jet and natural convection approximations, calculates spatially heterogeneous velocity fields that well-mixed models cannot predict. Other original contributions of MPFT are: (1) generation of high fidelity boundary conditions relative to well-mixed-CFD coupling methods (conflation), (2) broadening of potential flow applications to arbitrary indoor spaces previously restricted to specific applications such as exhaust hood studies, and (3) great reduction of computation time relative to CFD codes without total loss of heterogeneity. Additionally, the Lagrangian transport module, which is discussed in Sections 1.3 and 2.4, showcases an ensemble-based formulation thought to be original to interior studies. Velocity and concentration transport benchmarks against analogous formulations in COMSOLRTM produced favorable results with discrepancies resulting from the tetrahedral meshing used in COMSOLRTM outperforming the Cartesian method used by Emergency Dose. A performance comparison of the concentration transport modules against MELCORRTM showed that Emergency Dose held advantages over the well-mixed model especially in scenarios with many interior partitions and varied source positions. A performance comparison of velocity module against FLUENTRTM showed that viscous drag provided the largest error between Emergency Dose and CFD velocity calculations, but that Emergency Dose's turbulent jets well approximated the corresponding CFD jets. Overall, Emergency Dose was found to provide a viable intermediate solution method for

  2. Scenarios for remote gas production

    International Nuclear Information System (INIS)

    Tangen, Grethe; Molnvik, Mona J.

    2009-01-01

    The amount of natural gas resources accessible via proven production technology and existing infrastructure is declining. Therefore, smaller and less accessible gas fields are considered for commercial exploitation. The research project Enabling production of remote gas builds knowledge and technology aiming at developing competitive remote gas production based on floating LNG and chemical gas conversion. In this project, scenarios are used as basis for directing research related to topics that affect the overall design and operation of such plants. Selected research areas are safety, environment, power supply, operability and control. The paper summarises the scenario building process as a common effort among research institutes and industry. Further, it documents four scenarios for production of remote gas and outlines how the scenarios are applied to establish research strategies and adequate plans in a multidisciplinary project. To ensure relevance of the scenarios, it is important to adapt the building process to the current problem and the scenarios should be developed with extensive participation of key personnel.

  3. Boosting Learning Algorithm for Stock Price Forecasting

    Science.gov (United States)

    Wang, Chengzhang; Bai, Xiaoming

    2018-03-01

    To tackle complexity and uncertainty of stock market behavior, more studies have introduced machine learning algorithms to forecast stock price. ANN (artificial neural network) is one of the most successful and promising applications. We propose a boosting-ANN model in this paper to predict the stock close price. On the basis of boosting theory, multiple weak predicting machines, i.e. ANNs, are assembled to build a stronger predictor, i.e. boosting-ANN model. New error criteria of the weak studying machine and rules of weights updating are adopted in this study. We select technical factors from financial markets as forecasting input variables. Final results demonstrate the boosting-ANN model works better than other ones for stock price forecasting.

  4. Learning from global emissions scenarios

    International Nuclear Information System (INIS)

    O'Neill, Brian C; Nakicenovic, Nebojsa

    2008-01-01

    Scenarios of global greenhouse gas emissions have played a key role in climate change analysis for over twenty years. Currently, several research communities are organizing to undertake a new round of scenario development in the lead-up to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC). To help inform this process, we assess a number of past efforts to develop and learn from sets of global greenhouse gas emissions scenarios. We conclude that while emissions scenario exercises have likely had substantial benefits for participating modeling teams and produced insights from individual models, learning from the exercises taken as a whole has been more limited. Model comparison exercises have typically focused on the production of large numbers of scenarios while investing little in assessing the results or the production process, perhaps on the assumption that later assessment efforts could play this role. However, much of this assessment potential remains untapped. Efforts such as scenario-related chapters of IPCC reports have been most informative when they have gone to extra lengths to carry out more specific comparison exercises, but in general these assessments do not have the remit or resources to carry out the kind of detailed analysis of scenario results necessary for drawing the most useful conclusions. We recommend that scenario comparison exercises build-in time and resources for assessing scenario results in more detail at the time when they are produced, that these exercises focus on more specific questions to improve the prospects for learning, and that additional scenario assessments are carried out separately from production exercises. We also discuss the obstacles to better assessment that might exist, and how they might be overcome. Finally, we recommend that future work include much greater emphasis on understanding how scenarios are actually used, as a guide to improving scenario production.

  5. A system dynamics model for stock and flow of tritium in fusion power plant

    Energy Technology Data Exchange (ETDEWEB)

    Kasada, Ryuta, E-mail: r-kasada@iae.kyoto-u.ac.jp [Institute of Advanced Energy, Kyoto University, Gokasho, Uji, Kyoto 611-0011 (Japan); Kwon, Saerom [Institute of Advanced Energy, Kyoto University, Gokasho, Uji, Kyoto 611-0011 (Japan); Japan Atomic Energy Agency, Tokai-mura, Naka-gun, Ibaraki-ken 319-1195 (Japan); Konishi, Satoshi [Institute of Advanced Energy, Kyoto University, Gokasho, Uji, Kyoto 611-0011 (Japan); Sakamoto, Yoshiteru; Yamanishi, Toshihiko; Tobita, Kenji [Japan Atomic Energy Agency, Rokkasho-mura, Kamikita-gun, Aomori-ken 039-3212 (Japan)

    2015-10-15

    Highlights: • System dynamics model of tritium fuel cycle was developed for analyzing stock and flow of tritium in fusion power plants. • Sensitivity of tritium build-up to breeding ratio parameters has been assessed to two plant concepts having 3 GW and 1.5 GW fusion power. • D-D start-up absolutely without initial loading of tritium is possible for both of the 3 GW and 1.5 GW fusion power plant concepts. • Excess stock of tritium is generated by the steady state operation with the value of tritium breeding ratio over unity. - Abstract: In order to analyze self-efficiency of tritium fuel cycle (TFC) and share the systems thinking of TFC among researchers and engineers in the vast area of fusion reactor technology, we develop a system dynamics (SD) TFC model using a commercial software STELLA. The SD-TFC model is illustrated as a pipe diagram which consists of tritium stocks, such as plasma, fuel clean up, isotope separation, fueling with storage and blanket, and pipes connecting among them. By using this model, we survey a possibility of D-D start-up without initial loading of tritium on two kinds of fusion plant having different plasma parameters. The D-D start-up scenario can reduce the necessity of initial loading of tritium through the production in plasma by D-D reaction and in breeding blanket by D-D neutron. The model is also used for considering operation scenario to avoid excess stock of tritium which must be produced at tritium breeding ratio over unity.

  6. Market Structure and Stock Splits

    OpenAIRE

    David Michayluk; Paul Kofman

    2001-01-01

    Enhanced liquidity is one possible motivation for stock splits but empirical research frequently documents declines in liquidity following stock splits. Despite almost thirty years of inquiry, little is known about all the changes in a stock's trading activity following a stock split. We examine how liquidity measures change around more than 2,500 stock splits and find a pervasive decline in most measures. Large stock splits exhibit a more severe liquidity decline than small stock splits, esp...

  7. Ontario demand response scenarios

    International Nuclear Information System (INIS)

    Rowlands, I.H.

    2005-09-01

    Strategies for demand management in Ontario were examined via 2 scenarios for a commercial/institutional building with a normal summertime peak load of 300 kW between 14:00 and 18:00 during a period of high electricity demand and high electricity prices. The first scenario involved the deployment of a 150 kW on-site generator fuelled by either diesel or natural gas. The second scenario involved curtailing load by 60 kW during the same periods. Costs and benefits of both scenarios were evaluated for 3 groups: consumers, system operators and society. Benefits included electricity cost savings, deferred transmission capacity development, lower system prices for electricity, as well as environmental changes, economic development, and a greater sense of corporate social responsibility. It was noted that while significant benefits were observed for all 3 groups, they were not substantial enough to encourage action, as the savings arising from deferred generation capacity development do not accrue to individual players. The largest potential benefit was identified as lower prices, spread across all users of electricity in Ontario. It was recommended that representative bodies cooperate so that the system-wide benefits can be reaped. It was noted that if 10 municipal utilities were able to have 250 commercial or institutional customers engaged in distributed response, then a total peak demand reduction of 375 MW could be achieved, representing more than 25 per cent of Ontario's target for energy conservation. It was concluded that demand response often involves the investment of capital and new on-site procedures, which may affect reactions to various incentives. 78 refs., 10 tabs., 5 figs

  8. Comparison between global financial crisis and local stock disaster on top of Chinese stock network

    Science.gov (United States)

    Xia, Lisi; You, Daming; Jiang, Xin; Guo, Quantong

    2018-01-01

    The science of complex network theory can be usefully applied in many important fields, one of which is the finance. In these practical cases, a massive dataset can be represented as a very large network with certain attributes associated with its nodes and edges. As one of the most important components of financial market, stock market has been attracting more and more attention. In this paper, we propose a threshold model to build Chinese stock market networks and study the topological properties of these networks. To be specific, we compare the effects of different crises, namely the 2008 global crisis and the stock market disaster in 2015, on the threshold networks. Prices of the stocks belonging to the Shanghai and Shenzhen 300 index are considered for three periods: the global crisis, common period and the stock market disaster. We find the probability distribution of the cross-correlations of the stocks during the stock market disaster is fatter than that of others. Besides, the thresholds of cross-correlations are assigned to obtain the threshold networks and the power-law of degree distribution in these networks are observed in a certain range of threshold values. The networks during the stock market disaster also appear to have larger mean degree and modularity, which reveals the strong correlations among these stock prices. Our findings to some extent crosscheck the liquidity shortage reason which is believed to result in the outbreak of the stock market disaster. Moreover, we hope that this paper could give us a deeper understanding of the market's behavior and also lead to interesting future research about the problems of modern finance theory.

  9. Scenarios of future energy intensities

    International Nuclear Information System (INIS)

    Anon.

    1992-01-01

    In this chapter, the authors present scenarios of potential change in energy intensities in the OECD countries and in the Soviet Union. These scenarios are meant to illustrate how intensities might evolve over the next 20 years given different conditions with respect to energy prices, energy-efficiency policies, and other key factors. Changes in intensity will also be affected by the rates of growth and stock turnover in each sector. They have not tried to forecast how activity levels and structure will evolve. However, the OECD scenarios assume a world in which GDP averages growth in the 2-3%/year range, with some differences among countries. For the Soviet Union, the degree and pace of intensity decline will be highly dependent on the success of the transition to a market economy; each scenario explicitly envisions a different degree of success. They have not constructed comparable scenarios for the developing countries. The scenarios presented in this chapter do not predict what will happen in the future. They believe, however, that they illustrate a plausible set of outcomes if energy prices, policies, programs, and other factors evolve as described in each case. With higher energy prices and vigorous policies and programs, intensities in the OECD countries in 2010 could be nearly 50% less on average than the level where trends seem to be point. In the former Soviet Union, a combination of rapid, successful economic reform and extra effort to improve energy efficiency might result in average intensity being nearly 40% less than in a slow reform case. And in the LDCs, a mixture of sound policies, programs, and energy pricing reform could also lead to intensities being far lower than they would be otherwise. 8 refs., 10 figs., 1 tab

  10. Scenarios of technology adoption towards low-carbon cities

    International Nuclear Information System (INIS)

    Mohareb, Eugene A.; Kennedy, Christopher A.

    2014-01-01

    Technological change has often been presented as a readily accepted means by which long-term greenhouse gas (GHG) emission reductions can be achieved. Cities are the future centers of economic growth, with the global population becoming predominantly urban; hence, increases or reductions of GHG emissions are tied to their energy strategies. This research examines the likelihood of a developed world city (the Greater Toronto Area) achieving an 80% reduction in GHG emissions through policy-enabled technological change. Emissions are examined from 3 major sources: light duty passenger vehicles, residential buildings and commercial/institutional buildings. Logistic diffusion curves are applied for the adoption of alternative vehicle technologies, building retrofits and high performance new building construction. This research devises high, low and business-as-usual estimates of future technological adoption and finds that even aggressive scenarios are not sufficient to achieve an 80% reduction in GHG emissions by 2050. This further highlights the challenges faced in maintaining a relatively stable climate. Urban policy makers must consider that the longer the lag before this transition occurs, the greater the share of GHG emissions mitigation that must addressed through behavioural change in order to meet the 2050 target, which likely poses greater political challenges. - Highlights: • Explores policy options in a city targeting an 80% GHG emission reduction target by 2050. • Aggressive building code changes will have minimal impact on GHG mitigation. • Support of low-carbon electricity for the majority of generation necessary by 2050. • Internal combustion engine use must be mostly eliminated from the vehicle stock. • Policies supporting elimination of physical exchange space should be promoted

  11. Energetic Refurbishment of Historic Brick Buildings

    DEFF Research Database (Denmark)

    Zagorskas, Jurgis; Mykolas Paliulis, Grazvydas; Burinskiene, Marija

    2013-01-01

    Building standards for energy effectiveness are increasing constantly and the market follows these changes by constructing new buildings in accordance with standards and refurbishment of the existing housing stock. Comprehensive trends in European construction market show tremendous increase...

  12. AN ASSESSMENT OF FACTORS AFFECTING MATERIAL STOCK CONTROL PRACTICE ON SELECTED CONSTRUCTION SITES IN NIGERIA

    OpenAIRE

    Adafin, Johnson Kayode; Ayodele, Elijah Olusegun; Daramola, Olufemi

    2011-01-01

    This research examines the stock control methods utilized by construction firms on construction sites with a view to assessing the factors affecting material stock control practice by construction firms as well as determining the impact of factors affecting material stock control on building project performance. Data were collected with the aid of well-structured questionnaire administered on a number of construction professionals and technicians in some randomly selected building constructio...

  13. Impacts of Climate Change on Energy Consumption and Peak Demand in Buildings: A Detailed Regional Approach

    Energy Technology Data Exchange (ETDEWEB)

    Dirks, James A.; Gorrissen, Willy J.; Hathaway, John E.; Skorski, Daniel C.; Scott, Michael J.; Pulsipher, Trenton C.; Huang, Maoyi; Liu, Ying; Rice, Jennie S.

    2015-01-01

    This paper presents the results of numerous commercial and residential building simulations, with the purpose of examining the impact of climate change on peak and annual building energy consumption over the portion of the Eastern Interconnection (EIC) located in the United States. The climate change scenario considered (IPCC A2 scenario as downscaled from the CASCaDE data set) has changes in mean climate characteristics as well as changes in the frequency and duration of intense weather events. This investigation examines building energy demand for three annual periods representative of climate trends in the CASCaDE data set at the beginning, middle, and end of the century--2004, 2052, and 2089. Simulations were performed using the Building ENergy Demand (BEND) model which is a detailed simulation platform built around EnergyPlus. BEND was developed in collaboration with the Platform for Regional Integrated Modeling and Analysis (PRIMA), a modeling framework designed to simulate the complex interactions among climate, energy, water, and land at decision-relevant spatial scales. Over 26,000 building configurations of different types, sizes, vintages, and, characteristics which represent the population of buildings within the EIC, are modeled across the 3 EIC time zones using the future climate from 100 locations within the target region, resulting in nearly 180,000 spatially relevant simulated demand profiles for each of the 3 years. In this study, the building stock characteristics are held constant based on the 2005 building stock in order to isolate and present results that highlight the impact of the climate signal on commercial and residential energy demand. Results of this analysis compare well with other analyses at their finest level of specificity. This approach, however, provides a heretofore unprecedented level of specificity across multiple spectrums including spatial, temporal, and building characteristics. This capability enables the ability to

  14. Role of exposure in projected residential building cyclone risk for the Australian region

    International Nuclear Information System (INIS)

    Waters, Denis; Cechet, Bob; Arthur, Craig

    2010-01-01

    The paper presents a methodology to analyse the direct impact of tropical cyclone hazard on communities in northern Australia. The study focuses on the maximum potential intensity (MPI) of the cyclonic wind hazard, and location. Storm surge impacts were developed using a simple relationship between intensity and storm surge height and mid-point sea-level rise projections. The impact on residential building stock of severe wind and storm surge hazards associated with IPCC climate change scenarios is considered. Changes in residential building stock, for over 500 coastal statistical local areas (SLAs) from Southeast Queensland anticlockwise to Perth, were estimated using Australian Bureau of Statistics population projections through to 2100. A Probable Maximum Loss (PML) curve was derived, and the average annual cost across a 5000 year period (or 'annualised loss') was evaluated for each region. The projected population growth and the drift to coastal locations are significant elements in determining the damage associated with possible future cyclone threat.

  15. Risk-based damage potential and loss estimation of extreme flooding scenarios in the Austrian Federal Province of Tyrol

    Directory of Open Access Journals (Sweden)

    M. Huttenlau

    2010-12-01

    , dwellings and inventory, vehicles, and individuals, a detailed geodatabase of the existing stock of elements and values was established on a single object level. Therefore, the localized and functional differentiated stock of elements was assessed monetarily on the basis of derived representative mean insurance values. Thus, well known difference factors between the analysis of the stock of elements and values on local and on regional scale could be reduced considerably. The spatial join of the results of the hazard analysis with the stock of elements and values enables the identification and quantification of the elements at risk and their corresponding damage potential. Thereupon, Extreme Scenario Losses (ESL were analysed under consideration of different vulnerability approaches which describe the individual element's specific susceptibility. This results in scenario-specific ranges of ESL rather than in single values. The exposure analysis of the general endangerment in Tyrol identifies (i 105 330 individuals, (ii 20 272 buildings and 50 157 dwellings with a corresponding damage potential of approx. EUR 20 bn. and (iii 62 494 vehicles with a corresponding damage potential of EUR 1 bn. Depending on the individual extreme event scenarios, the ESL solely to buildings and inventory vary between EUR 0.9–1.3 bn. for the scenario with the least ESL and EUR 2.2–2.5 bn. for the most serious scenarios. The correlation of the private property losses to buildings and inventory with further direct tangible loss categories on the basis of investigation after the event in 2005, results in potential direct tangible ESL of up to EUR 7.6 bn. Apart from the specific study results a general finding shows that beside the further development of modelling capabilities and scenario concepts, the key to considerably decrease uncertainties of integral flood risk analyses is the development and implementation of more precise methods. These are to determine the stock of elements and values and

  16. Impacts of climate change performance on building in New Zealand

    Energy Technology Data Exchange (ETDEWEB)

    Camilleri, M.; Jaques, R.; Isaacs, N.

    2001-07-01

    Climate change is expected to impact on many aspects of building performance, with much of the existing and future building stock likely to be affected. Potential impacts of climate change on buildings are identified, evaluated as to how serious they might be, and actions are considered to ensure that future building performance is not compromised. Climate change scenarios for New Zealand defined the scale of climate changes considered for building performance. For each climate variable, relevant aspects of building performance were examined to determine if there is likely to be a significant impact. Where significant impacts were indicated, they were studied in detail and quantified where possible. A risk-profiling tool was formulated to cover the risk/severity of the most significant climate change impacts, which include flooding, tropical cyclones and overheating. Adaptation strategies were developed for each climate change impact, with different responses appropriate for each impact. Mitigation of greenhouse emissions is also addressed. For those risks where delaying action has serious consequences, it may be appropriate to consider changes in building or zoning regulations to anticipate the future impacts of climate change. Some implications for future building performance, design, standards and regulation are discussed. (author)

  17. The Differences Between Stock Splits and Stock Dividends

    DEFF Research Database (Denmark)

    Bechmann, Ken L.; Raaballe, Johannes

    It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market...... different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling...... for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news....

  18. 75 FR 46912 - Draft 2010 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2010-08-04

    ..., Niihau stock, Kure-Midway stock, and the Pearl and Hermes stock. The SAR for the Hawaii stock of... new bottlenose dolphin stocks are the Kauai-Niihau stock, Oahu stock, Four Islands stock, and the...

  19. DLA Forward Stocking

    National Research Council Canada - National Science Library

    Flory, John

    2007-01-01

    .... This study evaluates the feasibility of forward stocking in terms of DoD savings. The performance of DLA's criteria is evaluated and a new criteria using a cost and demand threshold is proposed...

  20. Trading network predicts stock price.

    Science.gov (United States)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-16

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices.

  1. Sustainable Building Operation

    DEFF Research Database (Denmark)

    Jensen, Jesper Ole

    2009-01-01

    of sustainable building operation and a survey amongst building administrators from the private and the social housing sector. Our results show that there are many good examples on sustainable building operation in Danish housing estates, where local building managers, residents etc. have gained impressive......Energy-savings in the existing building stock have becomes a main goal in national and international policies. Often focus is on building-renovations, whereas the potential of sustainable building operation to a large extent has been neglected. Nevertheless, international research as well...... as practical experiences from Danish housing estates indicates that there are large potentials for energy savings by focusing on the operation of the buildings. We suggest that in order to achieve sustainability in the existing housing, renovation and operations should be seen as integrated parts...

  2. Carbon stock projection in North Sumatera using multi objective land allocation approach

    Science.gov (United States)

    Ichwani, S. N.; Wulandari, R.; Ramachandra, A.

    2018-05-01

    Nowadays, GHG emission is a critical issue for environmental management due to the large scale of land cover change, especially forest cover. This study provides a protection development strategy for North Sumatera as one way to manage the area. By using Multi Objective Land Allocation (MOLA), we evaluated two GHG emission scenarios, including a Business As Usual (BAU) scenario and Protection scenario. The result shows that the province will lose the carbon stock up to 24 million tons in the year of 2035 by using a BAU scenario. On the other hand, by implementing the Protection scenario, total carbon stock that is lost in the same period is about 5 millions tons solely. It proves that protection scenario is a good scenario and effective to reduce the carbon loss. Furthermore, this scenario can be an alternative for North Sumatera spatial plan.

  3. What the 2008 stock market crash means for retirement security.

    Science.gov (United States)

    Butrica, Barbara A; Smith, Karen E; Toder, Eric J

    2010-10-01

    The 2008 stock market crash raises concerns about retirement security, especially since the increased prevalence of 401(k) and similar retirement saving plans means that more Americans are now stakeholders in the equity market than in the past. Using a dynamic microsimulation model, this paper explores the ability of alternate future stock market scenarios to restore retirement assets. The authors find that those near retirement could fare the worst because they have no time to recoup their losses. Mid-career workers could fare better because they have more time to rebuild their wealth. They may even gain income if they buy stocks at low prices and get above-average rates of return. High-income groups will be the most affected because they are most likely to have financial assets and to be invested in the stock market.

  4. Exposure scenarios for workers

    NARCIS (Netherlands)

    Marquart, H.; Northage, C.; Money, C.

    2007-01-01

    The new European chemicals legislation REACH (Registration, Evaluation, Authorisation and restriction of Chemicals) requires the development of Exposure Scenarios describing the conditions and risk management measures needed for the safe use of chemicals. Such Exposure Scenarios should integrate

  5. Contaminant deposition building shielding factors for US residential structures

    International Nuclear Information System (INIS)

    Dickson, E D; Hamby, D M; Eckerman, K F

    2015-01-01

    This paper presents validated building shielding factors designed for contemporary US housing-stock under an idealized, yet realistic, exposure scenario from contaminant deposition on the roof and surrounding surfaces. The building shielding factors are intended for use in emergency planning and level three probabilistic risk assessments for a variety of postulated radiological events in which a realistic assessment is necessary to better understand the potential risks for accident mitigation and emergency response planning. Factors are calculated from detailed computational housing-units models using the general-purpose Monte Carlo N-Particle computational code, MCNP5, and are benchmarked from a series of narrow- and broad-beam measurements analyzing the shielding effectiveness of ten common general-purpose construction materials and ten shielding models representing the primary weather barriers (walls and roofs) of likely US housing-stock. Each model was designed to scale based on common residential construction practices and include, to the extent practical, all structurally significant components important for shielding against ionizing radiation. Calculations were performed for floor-specific locations from contaminant deposition on the roof and surrounding ground as well as for computing a weighted-average representative building shielding factor for single- and multi-story detached homes, both with and without basement as well for single-wide manufactured housing-unit. (paper)

  6. Cloud immersion building shielding factors for US residential structures

    International Nuclear Information System (INIS)

    Dickson, E D; Hamby, D M

    2014-01-01

    This paper presents validated building shielding factors designed for contemporary US housing-stock under an idealized, yet realistic, exposure scenario within a semi-infinite cloud of radioactive material. The building shielding factors are intended for use in emergency planning and level three probabilistic risk assessments for a variety of postulated radiological events in which a realistic assessment is necessary to better understand the potential risks for accident mitigation and emergency response planning. Factors are calculated from detailed computational housing-units models using the general-purpose Monte Carlo N-Particle computational code, MCNP5, and are benchmarked from a series of narrow- and broad-beam measurements analyzing the shielding effectiveness of ten common general-purpose construction materials and ten shielding models representing the primary weather barriers (walls and roofs) of likely US housing-stock. Each model was designed to scale based on common residential construction practices and include, to the extent practical, all structurally significant components important for shielding against ionizing radiation. Calculations were performed for floor-specific locations as well as for computing a weighted-average representative building shielding factor for single- and multi-story detached homes, both with and without basement, as well for single-wide manufactured housing-units. (paper)

  7. Contaminant deposition building shielding factors for US residential structures.

    Science.gov (United States)

    Dickson, Elijah; Hamby, David; Eckerman, Keith

    2017-10-10

    This paper presents validated building shielding factors designed for contemporary US housing-stock under an idealized, yet realistic, exposure scenario from contaminant deposition on the roof and surrounding surfaces. The building shielding factors are intended for use in emergency planning and level three probabilistic risk assessments for a variety of postulated radiological events in which a realistic assessment is necessary to better understand the potential risks for accident mitigation and emergency response planning. Factors are calculated from detailed computational housing-units models using the general-purpose Monte Carlo N-Particle computational code, MCNP5, and are benchmarked from a series of narrow- and broad-beam measurements analyzing the shielding effectiveness of ten common general-purpose construction materials and ten shielding models representing the primary weather barriers (walls and roofs) of likely US housing-stock. Each model was designed to scale based on common residential construction practices and include, to the extent practical, all structurally significant components important for shielding against ionizing radiation. Calculations were performed for floor-specific locations from contaminant deposition on the roof and surrounding ground as well as for computing a weighted-average representative building shielding factor for single- and multi-story detached homes, both with and without basement as well for single-wide manufactured housing-unit. © 2017 IOP Publishing Ltd.

  8. Data Network Equipment Energy Use and Savings Potential in Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Lanzisera, Steven; Nordman, Bruce; Brown, Richard E.

    2010-06-09

    Network connectivity has become nearly ubiquitous, and the energy use of the equipment required for this connectivity is growing. Network equipment consists of devices that primarily switch and route Internet Protocol (IP) packets from a source to a destination, and this category specifically excludes edge devices like PCs, servers and other sources and sinks of IP traffic. This paper presents the results of a study of network equipment energy use and includes case studies of networks in a campus, a medium commercial building, and a typical home. The total energy use of network equipment is the product of the stock of equipment in use, the power of each device, and their usage patterns. This information was gathered from market research reports, broadband market penetration studies, field metering, and interviews with network administrators and service providers. We estimate that network equipment in the USA used 18 TWh, or about 1percent of building electricity, in 2008 and that consumption is expected to grow at roughly 6percent per year to 23 TWh in 2012; world usage in 2008 was 51 TWh. This study shows that office building network switches and residential equipment are the two largest categories of energy use consuming 40percent and 30percent of the total respectively. We estimate potential energy savings for different scenarios using forecasts of equipment stock and energy use, and savings estimates range from 20percent to 50percent based on full market penetration of efficient technologies.

  9. Energy conservation in rented buildings

    Energy Technology Data Exchange (ETDEWEB)

    Klingberg, T.; Broechner, J.; Forsman, J.; Gaunt, L.; Holgersson, M.

    1984-08-01

    The bulletin is an anthology of nine essays by different authors addressing the issue of energy conservation in buildings, where there exists a landlord/tenant relationship. After an overview of the rental market and the stock of rental buildings different types of rental contracts and energy charges are described.

  10. Mean reversion in the US stock market

    International Nuclear Information System (INIS)

    Serletis, Apostolos; Rosenberg, Aryeh Adam

    2009-01-01

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We conclude that US stock

  11. Mean reversion in the US stock market

    Energy Technology Data Exchange (ETDEWEB)

    Serletis, Apostolos [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)], E-mail: Serletis@ucalgary.ca; Rosenberg, Aryeh Adam [Department of Economics, University of Calgary, Calgary, Alberta, T2N 1N4 (Canada)

    2009-05-30

    This paper revisits the evidence for the weaker form of the efficient market hypothesis, building on recent work by Serletis and Shintani [Serletis A, Shintani M. No evidence of chaos but some evidence of dependence in the US stock market. Chaos, Solitons and Fractals 2003;17:449-54], Elder and Serletis [Elder J, Serletis A. On fractional integrating dynamics in the US stock market. Chaos, Solitons and Fractals 2007;34;777-81], Koustas et al. [Koustas Z, Lamarche J.-F, Serletis A. Threshold random walks in the US stock market. Chaos, Solitons and Fractals, forthcoming], Hinich and Serletis [Hinich M, Serletis A. Randomly modulated periodicity in the US stock market. Chaos, Solitons and Fractals, forthcoming], and Serletis et al. [Serletis A, Uritskaya OY, Uritsky VM. Detrended Fluctuation analysis of the US stock market. Int J Bifurc Chaos, forthcoming]. In doing so, we use daily data, over the period from 5 February 1971 to 1 December 2006 (a total of 9045 observations) on four US stock market indexes - the Dow Jones Industrial Average, the Standard and Poor's 500 Index, the NASDAQ Composite Index, and the NYSE Composite Index - and a new statistical physics approach - namely the 'detrending moving average (DMA)' technique, recently introduced by Alessio et al. [Alessio E, Carbone A, Castelli G, Frappietro V. Second-order moving average and scaling of stochastic time series. Euro Phys J B 2002;27;197-200.] and further developed by Carbone et al. [Carbone A, Castelli G, Stanley HE. Time dependent hurst exponent in financial time series. Physica A 2004;344;267-71, Carbone A, Castelli G, Stanley HE. Analysis of clusters formed by the moving average of a long-range correlated time series. Phys Rev E 2004;69;026105.]. The robustness of the results to the use of alternative testing methodologies is also investigated, by using Lo's [Lo AW. Long-term memory in stock market prices. Econometrica 1991;59:1279-313.] modified rescaled range analysis. We

  12. Stock Assessment Supplementary Information (SASINF)

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — In the interest of efficiency, clarity and standardization of stock assessment materials, the stock assessment reports for the 2015 Groundfish update have been...

  13. Stock Issues in Aristotle's Rhetoric

    Science.gov (United States)

    Harpine, Bill

    1977-01-01

    Defines "stock issue" by the manner in which they function in Aristotle's theory, reviews examples of modern theories of stock issues, examines previous investigations of the "Rhetoric," and analyzes Aristotle's approach to this aspect of argumentation. (MH)

  14. Interpreting energy scenarios

    Science.gov (United States)

    Iyer, Gokul; Edmonds, James

    2018-05-01

    Quantitative scenarios from energy-economic models inform decision-making about uncertain futures. Now, research shows the different ways these scenarios are subsequently used by users not involved in their initial development. In the absence of clear guidance from modellers, users may place too much or too little confidence in scenario assumptions and results.

  15. Rainy Day Stocks

    DEFF Research Database (Denmark)

    Gormsen, Niels Joachim; Greenwood, Robin

    We study the good- and bad-times performance of equity portfolios formed on characteristics. Many characteristics associated with good performance during bad times—value, profitability, small size, safety, and total volatility—also perform well during good times. Stocks with characteristics signi...

  16. Optimizing Plutonium stock management

    International Nuclear Information System (INIS)

    Niquil, Y.; Guillot, J.

    1997-01-01

    Plutonium from spent fuel reprocessing is reused in new MOX assemblies. Since plutonium isotopic composition deteriorates with time, it is necessary to optimize plutonium stock management over a long period, to guarantee safe procurement, and contribute to a nuclear fuel cycle policy at the lowest cost. This optimization is provided by the prototype software POMAR

  17. Stock Market Savvy.

    Science.gov (United States)

    Okula, Susan

    2003-01-01

    This issue of Keying In, the newsletter of the National Business Education Association, focuses upon teaching young adults how to develop both investment strategies and an understanding of the stock market. The first article, "Sound Investing Know-How: A Must for Today's Young Adults," describes how young adults can plan for their own…

  18. Stock Selection, Style Rotation

    NARCIS (Netherlands)

    Lucas, A.; van Dijk, R.; Prof. Kloek, T.

    2002-01-01

    Using US data from June 1984 to July 1999, we show that the impact of firm-specific characteristics like size and book-to-price on future excess stock returns varies considerably over time. The impact can be either positive or negative at different times. This time variation is partially

  19. Stock prices and business investment

    OpenAIRE

    Yaron Leitner

    2007-01-01

    Is there a link between the stock market and business investment? Empirical evidence indicates that there is. A firm tends to invest more when its stock price increases, and it tends to invest less when the price falls. In “Stock Prices and Business Investment,” Yaron Leitner discusses existing research that explains this relationship. One question under consideration is whether the stock market actually improves investment decisions.

  20. Perbandingan Stock Market Crash 1987 : Dan Stock Market Crash 1997

    OpenAIRE

    Indridewi Atmadjaja, Yovita Vivianty

    1999-01-01

    Stock market crash refers to the condition, which is marked with the large dropping of stock Market price index. Historically, stock market crash has happened three times, namely in 1929, 1987 and 1997. This paper will discuss the causes of 1987's and 1997's stock market Crash and the similarities and the differences between 1987's and 1997's stock market crash. The structure of the paper is as follows. The paper starts with the introduction. The second Section briefly explains the causes of ...

  1. Comparable stocks, boundedly rational stock markets and IPO entry rates.

    Directory of Open Access Journals (Sweden)

    Jay Chok

    Full Text Available In this study, we examine how initial public offerings (IPO entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses.

  2. Value Investing in the Stock Market of Thailand

    Directory of Open Access Journals (Sweden)

    Gerardo “Gerry” Alfonso Perez

    2017-11-01

    Full Text Available Value investment and growth investment have attracted a large amount of research in recent decades, but most of this research focuses on the U.S. and Europe. This article covers the Thai stock market which has very different characteristics compared to western markets and even South East Asian countries such as Indonesia or Malaysia. Among South East Asian countries, Thailand has one of the most dynamic capital markets. In order to see if some well-known trends in other markets exist in Thailand the performance of value and growth stocks in the Thai market were analyzed for a period of 17 years using existing style indexes (MSCI as well as creating portfolios using individual stocks. For this entire period, when using the indexes, returns are statistically significant superior for value stocks compared to growth stocks. However, when analyzing the performance of the market in any given calendar year from 1999 to 2016, the results are much more mixed with in fact growth stocks outperforming in several of those years. Interestingly, when building portfolios using criteria such as low P/E or low P/B the results are not statistically different. Suggesting perhaps that the classification into value or growth stocks is more complex than it would appear. One of the common assumptions of value investing is that those stocks outperform over long periods of time. It might well be that in the Thai case one year is not a long enough period for value stocks to outperform. While there have been some clear efforts over recent years to modernize the stock market of Thailand, it remains relatively underdeveloped, particularly when compared to markets such as the U.S. Hence, its behavior regarding value versus growth investment might be rather different.

  3. Scenarios for Ecosystem Services: An Overview

    Directory of Open Access Journals (Sweden)

    Stephen R. Carpenter

    2006-06-01

    Full Text Available The Millennium Ecosystem Assessment (MA scenarios address changes in ecosystem services and their implications for human well-being. Ecological changes pose special challenges for long-term thinking, because of the possibility of regime shifts that occur rapidly yet alter the availability of ecosystem services for generations. Moreover, ecological feedbacks can intensify human modification of ecosystems, creating a spiral of poverty and ecosystem degradation. Such complex dynamics were evaluated by a mixture of qualitative and quantitative analyses in the MA scenarios. Collectively, the scenarios explore problems such as the connections of poverty reduction and ecosystem services, and trade-offs among ecosystem services. Several promising approaches are considered by the scenarios, including uses of biodiversity to build resilience of ecosystem services, actively adaptive management, and green technology. Although the scenarios do not prescribe an optimal path, they illuminate the consequences of different policies toward ecosystem services.

  4. Factors of Selection of the Stock Allocation Method

    Directory of Open Access Journals (Sweden)

    Rohov Heorhii K.

    2014-03-01

    Full Text Available The article describes results of the author’s study of factors of making strategic decisions on selection of methods of stock allocation by public joint stock companies in Ukraine. The author used the Random forest mathematical apparatus of classification trees building and also informal methods. The article analyses the reasons that restrain public allocation of stock. It shows significant influence upon selection of a method of stock allocation of such factors as capital concentration, balance rate of corporate rights, sector of economy and significant participation of the institutes of common investment or the state in the authorised capital. The built hierarchical model of classification of factors of the issuing policy of joint stock companies finds logical justification in specific features of the institutional environment, however, it does not fit into the framework of the classical concept of the market economy. The model could be used both for formation of goals of corporate financial strategies and in the process of improvement of state regulation of activity of securities issuers. The prospect of further studies in this direction is identification of transformation of factors of selection of the stock allocation method under conditions of revival of the stock market.

  5. The world in scenarios

    International Nuclear Information System (INIS)

    De Jong, A.; Roodenburg, H.

    1992-01-01

    As an introduction to this special issue 'Worlds of difference: Scenarios's for the economy, energy and the environment 1990-2015', an outline is given of the future of the world and the Netherlands, based on four scenarios. These scenarios are published in 'Scanning the future' in May 1992 by the CPB, the Dutch Central Planning Bureau. The Global Shift (GS) scenario is characterized by a very dynamic technological development, the free market perspective, strong economic growth in the Asian economies, and a relative economic regression in Western Europe. In the European Renaissance (ER) scenario the technological development is less dynamic and more gradual than in the GS scenario. The Balanced Growth (BG) scenario is dominated by a sustainable economic development and a strong technological dynamic development. The Global Crisis (GC) scenario shows a downward spiral in many areas, stagnating developments and fragile economies as results of the trends in the eighties. The first three scenarios are elaborated for the Netherlands. Also attention is paid to the aims and meaning of long-term scenarios. 2 figs., 2 tabs., 3 refs

  6. Oil prices and stocks in the second quarter of 2004

    International Nuclear Information System (INIS)

    2004-01-01

    Notwithstanding forecasting difficulties, the oil supply and demand balance has proved to be a good indicator of the state of the market and stock levels, which, in turn, influence price behaviour. In periods where OECD commercial stock levels lie within a certain range, currently around 2,450-2,650 million barrels, the range of prices is larger than when stock levels are very high or very low. In both the latter extreme situations, prices are prone to rapid movements, undermining market stability. Other factors, of course, also influence price fluctuations. The general opinion among regularly published oil market reports points to the inevitability of a higher-than-normal build in stocks in the second quarter of 2004. If the resulting surplus is not handled in a timely and effective manner, there is likely to be excessive downward pressure on prices, which, if left unattended, would lead to a protracted spell of volatility. (Author)

  7. Marketing of green electrons. Solar-power stock exchanges

    International Nuclear Information System (INIS)

    Nussbaumer-Waelti, E.

    1999-01-01

    An independent power producer evaluates the current solar-power stock exchanges in Switzerland. Most stock exchanges have been created by electric utilities which want to deliver 'green' power to those of their clients asking for. A first group of solar-power stock exchanges offer to take over the produced solar power at a marginal price. Among them, some organise a competition between the potential solar-power producers, in order to press down the investment cost for the new photovoltaic plants to build. Other stock exchanges propose a periodical adaptation of the prices, especially an adaptation to the capital interest rate. For sure, the total length of the time period for which the contract is established is one of the decisive factors. Because no bank is ready to grant a credit for such an investment without having seen a long-running take-over contract for the produced power [de

  8. Outlook '98 - Stock markets

    International Nuclear Information System (INIS)

    Vankka, D.

    1998-01-01

    In view of the recent drop of some 20 per cent in energy stock prices, and the decline in the value of the Canadian dollar, forecasting oilpatch financing in 1998 is a risky undertaking. Based on a variety of relevant factors, it is expected that there will be a slowdown in oil and gas financing deals in the short term. On the other hand, longer term outlook is bullish, based on the huge capital requirements over the next few years for conventional projects, heavy oil, oilsands and pipelines projects. Corporate mergers and acquisitions will continue at about the same rate as in 1997, as companies attempt to achieve ''economies of scale'' and growth in the most economically sensible manner. Adding production and reserves through corporate transactions at the current lower stock prices will be a powerful incentive. Creative deal structuring will become more prevalent. Corporate reorganizations into separate companies in search of value maximization will increase

  9. IFRS and Stock Returns: An Empirical Analysis in Brazil

    Directory of Open Access Journals (Sweden)

    Rodrigo F. Malaquias

    2016-09-01

    Full Text Available In recent years, the convergence of accounting standards has been an issue that motivated new studies in the accounting field. It is expected that the convergence provides users, especially external users of accounting information, with comparable reports among different economies. Considering this scenario, this article was developed in order to compare the effect of accounting numbers on the stock market before and after the accounting convergence in Brazil. The sample of the study involved Brazilian listed companies at BM&FBOVESPA that had American Depository Receipts (levels II and III at the New York Stock Exchange (NYSE. For data analysis, descriptive statistics and graphic analysis were employed in order to analyze the behavior of stock returns around the publication dates. The main results indicate that the stock market reacts to the accounting reports. Therefore, the accounting numbers contain relevant information for the decision making of investors in the stock market. Moreover, it is observed that after the accounting convergence, the stock returns of the companies seem to present lower volatility.

  10. Food scenarios 2025

    DEFF Research Database (Denmark)

    Sundbo, Jon

    2016-01-01

    This article presents the results of a future study of the food sector. Two scenarios have been developed using a combination of: 1) a summary of the relevant scientific knowledge, 2) systematic scenario writing, 3) an expert-based Delphi technique, and 4) an expert seminar assessment. The two...... scenarios present possible futures at global, national (Denmark) and regional (Zealand, Denmark) levels. The main scenario is called ‘Food for ordinary days and celebrations’ (a combination of ‘High-technological food production − The functional society’ and ‘High-gastronomic food − The experience society...

  11. Elaborating SRES scenarios for nuclear energy

    International Nuclear Information System (INIS)

    McDonald, Alan; Riahi, Keywan; Rogner, Hans-Holger

    2003-01-01

    The objective of this paper is identifying mid-century economic targets for nuclear energy. The first step is to describe what the mid-century energy market might look like: the major competitors for nuclear energy, what products are in demand, how much of each, where is growth greatest, and so forth. The mechanism for systematically describing the future market is scenario building. The starting point is the scenarios in the Special Report on Emissions Scenarios (SRES) of the Intergovernmental Panel on Climate Change. SRES developed four narrative story lines, each representing a different coherent set of demographic, social, economic, technological, and environmental developments. For each story line several different scenarios were developed by six international modelling teams, resulting in 40 scenarios grouped in the 4 story lines. For three of the story lines this paper uses a single marker scenario representative of central tendencies within the scenario family. For the fourth story line the authors chose the scenario that assumes that advances in non-fossil technologies - renewable, nuclear, and high-efficiency conservation technologies - make them most cost-competitive. (BA)

  12. Simulating geometrically complex blast scenarios

    Directory of Open Access Journals (Sweden)

    Ian G. Cullis

    2016-04-01

    Full Text Available The effects of blast waves generated by energetic and non-energetic sources are of continuing interest to the ballistics research community. Modern conflicts are increasingly characterised by asymmetric urban warfare, with improvised explosive devices (IEDs often playing a dominant role on the one hand and an armed forces requirement for minimal collateral effects from their weapons on the other. These problems are characterised by disparate length- and time-scales and may also be governed by complex physics. There is thus an increasing need to be able to rapidly assess and accurately predict the effects of energetic blast in topologically complex scenarios. To this end, this paper presents a new QinetiQ-developed advanced computational package called EAGLE-Blast, which is capable of accurately resolving the generation, propagation and interaction of blast waves around geometrically complex shapes such as vehicles and buildings. After a brief description of the numerical methodology, various blast scenario simulations are described and the results compared with experimental data to demonstrate the validation of the scheme and its ability to describe these complex scenarios accurately and efficiently. The paper concludes with a brief discussion on the use of the code in supporting the development of algorithms for fast running engineering models.

  13. Scenarios and Strategies for Africa

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-11-15

    In 2011, IRENA will start developing scenarios and strategies for Africa. This is a pilot study for a project that will ultimately encompass the whole world. The selection of Africa first indicates the priority that the IRENA work programme places on the continent. In the framework of the 2011 IRENA work programme, the analysis of scenarios and strategies will feed into the renewables readiness assessment, which will assess policy priorities and best practices in renewable energy policy-making. This, in turn, will be the basis for financing investment and capacity building activities. Energy policy advice must consider issues, such as the structure of energy supply and demand, the past and future energy trends, renewable energy resources, energy economics and technology access. Scenarios and strategies are key tools for such an analysis. Regional and national differences must be considered and individual sectors and end-use categories further analysed. These include power generation, cooking, heating, industrial process heat, and transport. Urban and rural solutions will be dealt with separately, as well as centralised and decentralised solutions. The analysis will cover issues, such as potentials, technology, supply chains and investment needs.

  14. From scenarios to components

    NARCIS (Netherlands)

    Fahland, D.

    2010-01-01

    Scenario-based modeling has evolved as an accepted paradigm for developing complex systems of various kinds. Its main purpose is to ensure that a system provides desired behavior to its users. A scenario is generally understood as a behavioral requirement, denoting a course of actions that shall

  15. Nuclear Security Futures Scenarios

    International Nuclear Information System (INIS)

    Keller, Elizabeth James Kistin; Warren, Drake Edward; Hayden, Nancy Kay; Passell, Howard D.; Malczynski, Leonard A.; Backus, George A.

    2017-01-01

    This report provides an overview of the scenarios used in strategic futures workshops conducted at Sandia on September 21 and 29, 2016. The workshops, designed and facilitated by analysts in Center 100, used scenarios to enable thought leaders to think collectively about the changing aspects of global nuclear security and the potential implications for the US Government and Sandia National Laboratories.

  16. Scenario-based strategizing

    DEFF Research Database (Denmark)

    Lehr, Thomas; Lorenz, Ullrich; Willert, Markus

    2017-01-01

    For over 40 years, scenarios have been promoted as a key technique for forming strategies in uncertain en- vironments. However, many challenges remain. In this article, we discuss a novel approach designed to increase the applicability of scenario-based strategizing in top management teams. Drawi...... Ministry) and a firm affected by disruptive change (Bosch, leading global supplier of technology and solutions)....

  17. Nuclear Security Futures Scenarios.

    Energy Technology Data Exchange (ETDEWEB)

    Keller, Elizabeth James Kistin [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Warren, Drake Edward [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Hayden, Nancy Kay [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Passell, Howard D. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Malczynski, Leonard A. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States); Backus, George A. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2017-01-01

    This report provides an overview of the scenarios used in strategic futures workshops conducted at Sandia on September 21 and 29, 2016. The workshops, designed and facilitated by analysts in Center 100, used scenarios to enable thought leaders to think collectively about the changing aspects of global nuclear security and the potential implications for the US Government and Sandia National Laboratories.

  18. Integrative Scenario Development

    Directory of Open Access Journals (Sweden)

    Joerg A. Priess

    2014-03-01

    Full Text Available Scenarios are employed to address a large number of future environmental and socioeconomic challenges. We present a conceptual framework for the development of scenarios to integrate the objectives of different stakeholder groups. Based on the framework, land-use scenarios were developed to provide a common base for further research. At the same time, these scenarios assisted regional stakeholders to bring forward their concerns and arrive at a shared understanding of challenges between scientific and regional stakeholders, which allowed them to eventually support regional decision making. The focus on the integration of views and knowledge domains of different stakeholder groups, such as scientists and practitioners, required rigorous and repeated measures of quality control. The application of the integrative concept provided products for both stakeholder groups, and the process of scenario development facilitated cooperation and learning within both the scientist and practitioner groups as well as between the two groups.

  19. A District Approach to Building Renovation for the Integral Energy Redevelopment of Existing Residential Areas

    Directory of Open Access Journals (Sweden)

    Mira Conci

    2017-05-01

    Full Text Available Building energy renovation quotas are not currently being met due to unfavorable conditions such as complex building regulations, limited investment incentives, historical preservation priorities, and technical limitations. The traditional strategy has been to incrementally lower the energy consumption of the building stock, instead of raising the efficiency of the energy supply through a broader use of renewable sources. This strategy requires an integral redefinition of the approach to energy building renovations. The joint project SWIVT elaborates on a district redevelopment strategy that combines a reduction in the energy demand of existing buildings and their physical interconnection within a local micro-grid and heating network. The district is equipped with energy generation and distribution technologies as well as hybrid thermal and electrical energy storage systems, steered by an optimizing energy management controller. This strategy is explored through three scenarios designed for an existing residential area in Darmstadt, Germany, and benchmarked against measured data. Presented findings show that a total primary energy balance at least 30% lower than that of a standard building renovation can be achieved by a cluster of buildings with different thermal qualities and connected energy generation, conversion, and storage systems, with only minimal physical intervention to existing buildings.

  20. Company Stock in Pension Funds

    OpenAIRE

    Even, William E.; Macpherson, David

    2004-01-01

    This study examines several issues surrounding the tendency for some pension funds to invest in their own company’s stock. After reviewing the existing literature describing the benefits and costs of investing in company stock, the legislative environment surrounding company stock holdings is reviewed. Using data from Internal Revenue Service Form 5500 filings on the pension fund holdings of over 300,000 defined–contribution pension plans in the 1990s, we show that about one out of ten define...

  1. Capital Structure and Stock Returns

    OpenAIRE

    Ivo Welch

    2002-01-01

    U.S. corporations do not issue and repurchase debt and equity to counteract the mechanistic effects of stock returns on their debt-equity ratios. Thus over one- to five-year horizons, stock returns can explain about 40 percent of debt ratio dynamics. Although corporate net issuing activity is lively and although it can explain 60 percent of debt ratio dynamics (long-term debt issuing activity being most capital structurerelevant), corporate issuing motives remain largely a mystery. When stock...

  2. TECHNIQUES FOR RECONSTRUCTION OF THE PRESERVED HOUSING STOCK

    Directory of Open Access Journals (Sweden)

    Kustikova Yuliya Olegovna

    2017-10-01

    Full Text Available Nowadays in Russian cities a significant part of the housing stock in areas of existing buildings has a high level of physical and moral deterioration, indicators of infrastructure elements do not meet the current and future requirements. Reconstruction of residential buildings is one of the important directions in solving the housing problem. This will allow us to not only extend the life cycle but also significantly improve the quality of housing, eliminate a communal settlement, provide the houses with modern engineering equipment, improve architectural expressiveness of buildings and increase their energy efficiency. For buildings of different construction periods an individual approach is required in the development of methods and technologies of reconstruction. At the same time, the process should take place not in a separate building but in a group of buildings, neighborhood or district. This makes it possible to undertake a comprehensive assessment of the urban development situation and make the most rational decisions to meet modern conditions, and provide logical connection between various architectural trends. At the same time, there are possibilities for compaction and decompaction of buildings, the rational use of inter-district, underground space and communication systems. Moscow region is a large region, which occupies an area of 46 thousand square kilometers. The region includes more than 38 municipalities (municipal districts, urban and rural settlements. The region’s population is more than 7 million people. Moscow oblast has a central location in the Russian Federation and a close relationship with the capital. This relationship with Moscow is manifested through common social, scientific, industrial, transport links, environmental protection problems, labor resources. In 2016 the total area of the housing stock in Moscow region was about 220 million sq. m. The total area of dilapidated and emergency housing stock is just

  3. Life insurance investment and stock market participation in Europe.

    Science.gov (United States)

    Cavapozzi, Danilo; Trevisan, Elisabetta; Weber, Guglielmo

    2013-03-01

    In most European countries life insurance has played a key role in household portfolios, to the extent that it has often been the first asset ever purchased. In this paper we use life history data from a host of European countries to investigate the role of life insurance investment in shaping individuals' attitudes towards participation in stocks and mutual funds. We show that individuals who purchased a life insurance policy are more likely to invest in stocks and mutual funds later. On the one hand, these findings support the notion that life insurance policies play an educational role in financial investment. On the other hand, they are also consistent with behavioural models where economic agents are first concerned with avoiding unacceptable adverse scenarios by purchasing low risk investments, such as life insurance policies, and then invest in riskier assets, such as stocks and mutual funds, to obtain higher economic returns. Copyright © 2012 Elsevier Ltd. All rights reserved.

  4. Negatively correlated local and global stock externalities: tax or subsidy?

    International Nuclear Information System (INIS)

    Zili Yang

    2006-01-01

    Fossil fuel combustion generates both CO 2 and SO 2 . CO 2 is the most important greenhouse gas; SO 2 can cause serious local pollution. But it can alleviate the potential global warming because of negative radiative forcing. Such a phenomenon can be characterized as negatively correlated local and global stock externalities. In this paper, we set up an optimal control problem of negatively correlated local and global stock externality provision. The efficiency conditions for this problem are derived. These conditions modify the Samuelson rules for optimal provision of externalities. In addition, we examine several policy related scenarios of negatively correlated local and global stock externality provisions. Finally, we discuss policy implications and limitation of the theoretical results derived in this paper. We also indicate applications of the theoretical results here to empirical research, particularly to economic analysis of multiple-gas issues in climate change. (Author)

  5. Scenarios for the food industry in 2010

    DEFF Research Database (Denmark)

    Harmsen, Hanne; Jensen, Birger Boutrup; Sonne, Anne-Mette

    2001-01-01

    visions of the future of the food industry and to assess their implications for competence requirements. Given the uncertain nature of the environment, food companies cannot rely on today's competencies being sufficient to fulfil the demands of tomorrow's markets. However, predicting the determinants......Predicting the future is impossible; corporate decision-makers have, however, to decide which competencies to develop precisely on this basis. This article presents the results of a research project on scenario analyses in the Danish food industry. The aim of the study is to look at alternative...... of success in the food industry 10 years hence is a daunting task. Scenario techniques can be very useful in this respect (von Reibnitz, 1988). The contribution of the article is the methodological approach to scenario building, which combines academic and industry input and translates the scenarios...

  6. ANCRE scenarios for energy transition. Report 2013

    International Nuclear Information System (INIS)

    Alazard-Toux, Nathalie; Des Courtils, Nicolas; Hache, Emmanuel; Liegeard, Alban; Lorne, Daphne; Duplan, Jean-Luc; Kalaydjian, Francois; Heintze, Eric; Tilagone, Richard; Henriot, Stephane; Forti, Laurent; Barthelemy, Pascal; Merlen, Elisabeth; Criqui, Patrick; Mathy, Sandrine; Menanteau, Philippe; Devezeaux De Lavergne, Jean-Guy; Avril, Sophie; Cavata, Christian; Le Duigou, Alain; Le Net, Elisabeth; Marcucci-Demeure, Jeanne; Safa, Henri; Topper, Benjamin; Touboul, Francoise; Carre, Franck; Joly, Jean-Pierre; Charbit, Francoise; Mermilliod, Nicole; Mermilliod, Nicole; Le Net, Elisabeth; Teissier, Olivier; Charrue, Herve; Colonna, Paul; Legrand, Jack; Vidal, Olivier; Goffe, Bruno; Mueller, Alex; Flamant, Gilles; Allard, Francis; Most, Jean-Michel; Matarasso, Pierre; Brault, Pascal; Lemoine, Lionel; Achard, Jean-Luc; Uster, Guillaume; Delsey, Jean; Lucchese, Paul; Tadrist, Lounes; Hadjsaid, Nouredine

    2014-01-01

    This report first gives an overview of the energy system by presenting the determining factors of energy demand and of CO 2 emissions per sector (housing and office building, transport, industry, agriculture, forestry and biomass), by analysing energy systems and CO 2 emissions (energy sources, energy vectors, networks and storage, energy and CO 2 assessment for France), and by describing the guidelines of the scenarios proposed by ANCRE. The three main scenarios are characterized by a stronger sobriety, an electricity-based de-carbonation (with a variant based on nuclear and renewable energies), and diversified vectors. They are notably compared to a trend-based reference scenario. Results are discussed in terms of energy consumption (primary and final energy, consumption by the different sectors), of energy production and CO 2 emissions. Scenarios are assessed in terms of economic, environmental and societal, political and strategic criteria. Some consequences for research topics and funding are identified

  7. Estimating uncertainty of data limited stock assessments

    DEFF Research Database (Denmark)

    Kokkalis, Alexandros; Eikeset, Anne Maria; Thygesen, Uffe Høgsbro

    2017-01-01

    -limited. Particular emphasis is put on providing uncertainty estimates of the data-limited assessment. We assess four cod stocks in the North-East Atlantic and compare our estimates of stock status (F/Fmsy) with the official assessments. The estimated stock status of all four cod stocks followed the established stock...

  8. Implementation and evaluation of a web based system for pharmacy stock management in rural Haiti.

    Science.gov (United States)

    Berger, Elisabeth J; Jazayeri, Darius; Sauveur, Marcel; Manasse, Jean Joel; Plancher, Inel; Fiefe, Marquise; Laurat, Guerline; Joseph, Samahel; Kempton, Kathryn; Fraser, Hamish S F

    2007-10-11

    Managing the stock and supply of medication is essential for the provision of health care, especially in resource poor areas of the world. We have developed an innovative, web-based stock management system to support nine clinics in rural Haiti. Building on our experience with a web-based EMR system for our HIV patients, we developed a comprehensive stock tracking system that is modeled on the appearance of standardized WHO stock cards. The system allows pharmacy staff at all clinics to enter stock levels and also to request drugs and track shipments. Use of the system over the last 2 years has increased rapidly and we now track 450 products supporting care for 1.78 million patient visits annually. Over the last year drug stockouts have fallen from 2.6% to 1.1% and 97% of stock requests delivered were shipped within 1 day. We are now setting up this system in our clinics in rural Rwanda.

  9. Predicting future UK housing stock and carbon emissions

    International Nuclear Information System (INIS)

    Natarajan, Sukumar; Levermore, Geoffrey J.

    2007-01-01

    This paper presents a novel method for exploring future transformations in the UK housing stock. The method is shown to be more robust and faster than existing methods through various tests. A Java-based implementation of the method in a new model of the UK housing stock, DECarb, is examined using a back-cast scenario from 1970 to 1996. The results show an average difference of -5.4% between predicted and actual energy demand. Comparison with predicted carbon emissions from the BRE's BREHOMES model shows a difference of around -0.9% for the same period. These results suggest that DECarb is likely to be an effective tool in examining future scenarios since the same objects and processes used in back-casting in the model are also used in forecasting. The model has an open framework and could therefore significantly benefit ongoing domestic and non-domestic climate futures research. (author)

  10. Earthquake Loss Scenarios: Warnings about the Extent of Disasters

    Science.gov (United States)

    Wyss, M.; Tolis, S.; Rosset, P.

    2016-12-01

    It is imperative that losses expected due to future earthquakes be estimated. Officials and the public need to be aware of what disaster is likely in store for them in order to reduce the fatalities and efficiently help the injured. Scenarios for earthquake parameters can be constructed to a reasonable accuracy in highly active earthquake belts, based on knowledge of seismotectonics and history. Because of the inherent uncertainties of loss estimates however, it would be desirable that more than one group calculate an estimate for the same area. By discussing these estimates, one may find a consensus of the range of the potential disasters and persuade officials and residents of the reality of the earthquake threat. To model a scenario and estimate earthquake losses requires data sets that are sufficiently accurate of the number of people present, the built environment, and if possible the transmission of seismic waves. As examples we use loss estimates for possible repeats of historic earthquakes in Greece that occurred between -464 and 700. We model future large Greek earthquakes as having M6.8 and rupture lengths of 60 km. In four locations where historic earthquakes with serious losses have occurred, we estimate that 1,000 to 1,500 people might perish, with an additional factor of four people injured. Defining the area of influence of these earthquakes as that with shaking intensities larger and equal to V, we estimate that 1.0 to 2.2 million people in about 2,000 settlements may be affected. We calibrate the QLARM tool for calculating intensities and losses in Greece, using the M6, 1999 Athens earthquake and matching the isoseismal information for six earthquakes, which occurred in Greece during the last 140 years. Comparing fatality numbers that would occur theoretically today with the numbers reported, and correcting for the increase in population, we estimate that the improvement of the building stock has reduced the mortality and injury rate in Greek

  11. JAXA's Space Exploration Scenario

    Science.gov (United States)

    Sato, N. S.

    2018-04-01

    Japan Aerospace Exploration Agency (JAXA) has been studying space exploration scenario, including human exploration for Japan since 2015, which encompasses goals, knowledge gap assessment, and architecture. assessment, and technology roadmap.

  12. Learning Through Scenario Planning

    DEFF Research Database (Denmark)

    Balarezo, Jose

    level variables, this research corrects this void by investigating the dynamics of organizational learning through the lenses of a corporate scenario planning process. This enhances our scientific understanding of the role that scenario planning might play in the context of organizational learning......This project investigates the uses and effects of scenario planning in companies operating in highly uncertain and dynamic environments. Whereas previous research on scenario planning has fallen short of providing sufficient evidence of its mechanisms and effects on individual or organizational...... and strategic renewal. Empirical evidence of the various difficulties that learning flows has to overcome as it journeys through organizational and hierarchical levels are presented. Despite various cognitive and social psychological barriers identified along the way, the results show the novel...

  13. The impact of DOE building technology energy efficiency programs on U.S. employment, income, and investment

    International Nuclear Information System (INIS)

    Scott, Michael J.; Roop, Joseph M.; Schultz, Robert W.; Anderson, David M.; Cort, Katherine A.

    2008-01-01

    The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE) analyzes the macroeconomic impacts of its programs that are designed to increase the energy efficiency of the U.S. residential and commercial building stock. The analysis is conducted using the Impact of Sector Energy Technologies (ImSET) model, a special-purpose 188-sector input-output model of the U.S. economy designed specifically to evaluate the impacts of energy efficiency investments and saving. For the analysis described in the paper, ImSET was amended to provide estimates of sector-by-sector capital requirements and investment. In the scenario of the Fiscal Year (FY) 2005 Building Technologies (BT) program, the technologies and building practices being developed and promoted by the BT program have the potential to save about 2.9 x 10 15 Btu in buildings by the year 2030, about 27% of the expected growth in building energy consumption by the year 2030. The analysis reported in the paper finds that, by the year 2030, these savings have the potential to increase employment by up to 446,000 jobs, increase wage income by $7.8 billion, reduce needs for capital stock in the energy sector and closely related supporting industries by about $207 billion (and the corresponding annual level of investment by $13 billion), and create net capital savings that are available to grow the nation's future economy

  14. Scenarios to explore the futures of the emerging technology of organic and large area electronics

    NARCIS (Netherlands)

    Parandian, Alireza; Rip, Arie

    2013-01-01

    Emerging technologies pose challenges for futures research because of their uncertainties combined with promises. Actors are anticipating and acting strategically. Sociotechnical scenarios building on endogenous futures support and enlighten actors. Such scenarios contribute to “strategic

  15. Improved seismic risk estimation for Bucharest, based on multiple hazard scenarios, analytical methods and new techniques

    Science.gov (United States)

    Toma-Danila, Dragos; Florinela Manea, Elena; Ortanza Cioflan, Carmen

    2014-05-01

    Bucharest, capital of Romania (with 1678000 inhabitants in 2011), is one of the most exposed big cities in Europe to seismic damage. The major earthquakes affecting the city have their origin in the Vrancea region. The Vrancea intermediate-depth source generates, statistically, 2-3 shocks with moment magnitude >7.0 per century. Although the focal distance is greater than 170 km, the historical records (from the 1838, 1894, 1908, 1940 and 1977 events) reveal severe effects in the Bucharest area, e.g. intensities IX (MSK) for the case of 1940 event. During the 1977 earthquake, 1420 people were killed and 33 large buildings collapsed. The nowadays building stock is vulnerable both due to construction (material, age) and soil conditions (high amplification, generated within the weak consolidated Quaternary deposits, their thickness is varying 250-500m throughout the city). A number of 373 old buildings, out of 2563, evaluated by experts are more likely to experience severe damage/collapse in the next major earthquake. The total number of residential buildings, in 2011, was 113900. In order to guide the mitigation measures, different studies tried to estimate the seismic risk of Bucharest, in terms of buildings, population or economic damage probability. Unfortunately, most of them were based on incomplete sets of data, whether regarding the hazard or the building stock in detail. However, during the DACEA Project, the National Institute for Earth Physics, together with the Technical University of Civil Engineering Bucharest and NORSAR Institute managed to compile a database for buildings in southern Romania (according to the 1999 census), with 48 associated capacity and fragility curves. Until now, the developed real-time estimation system was not implemented for Bucharest. This paper presents more than an adaptation of this system to Bucharest; first, we analyze the previous seismic risk studies, from a SWOT perspective. This reveals that most of the studies don't use

  16. Analysis of Economic Factors Affecting Stock Market

    OpenAIRE

    Xie, Linyin

    2010-01-01

    This dissertation concentrates on analysis of economic factors affecting Chinese stock market through examining relationship between stock market index and economic factors. Six economic variables are examined: industrial production, money supply 1, money supply 2, exchange rate, long-term government bond yield and real estate total value. Stock market comprises fixed interest stocks and equities shares. In this dissertation, stock market is restricted to equity market. The stock price in thi...

  17. Essays on Stock Issuance

    DEFF Research Database (Denmark)

    Kohl, Niklas

    Firms which issue new equity subsequently have lower returns than other firms, but does the strength of the issuance effect vary in the cross section of firms? The essay shows, that US firms with characteristics that makes them “hard to value” have returns which are strongly related to their past...... issuance activity, while the return of “easy to value” firms are less related to their past issuance activity. In most cases the difference between “hard to value” and “easy to value” firms are signiffcant. As proxies for “hard to value”, I use three different types of firm characteristics. First, I...... consider firms for which relatively little information is available as “hard to value”. Examples are firms covered by few analysts and small firms. Second, I consider firms with high levels of analyst disagreement on stock price target, next quarter earnings per share and share recommendation as “hard...

  18. The Body Stocking

    DEFF Research Database (Denmark)

    Petersen, Louise Ravnløkke Munk; Bang, Anne Louise

    2016-01-01

    and clothing. We take as a starting point that longevity has a significant impact on furthering sustainability in textiles and clothing since it can be a driver on many levels, e.g. new business models, decisions made in the design phase and/or changes in use and consumption. The study applies variations...... of the Repertory Grid technique and Wardrobe Studies to frame a tangible dialogue enabling the parents to elaborate on personal preferences of design aesthetics and materials in baby clothing. In the analysis we use the body stocking as a common reference point for learning about reasons for high use frequency....... In addition, it is exemplified how personal taste, preferences for aesthetics and experience of wellbeing may have an impact on high use frequency. Finally, the paper points to further elaboration by suggesting a (tentative) matrix structure to better understand the parameters in designing sustainable...

  19. Online stock trading platform

    Directory of Open Access Journals (Sweden)

    Ion LUNGU

    2006-01-01

    Full Text Available The Internet is the perfect tool that can assure the market’s transparency for any user who wants to trade on the stock market. The investor can have access to the market news, financial calendar or the press releases of the issuers. A good online trading platform also provides real-time intraday quotes, trading history and technical analysis giving the investor a clearer view of the supply and demand in the market. All this information provides the investor a good image of the market and encourages him to trade. This paper wishes to draft the pieces of an online trading platform and to analyze the impact of developing and implementing one in a brokerage firm.

  20. Stock assessment of the red spiny lobster (Panulirus argus caught in the tropical southwestern Atlantic

    Directory of Open Access Journals (Sweden)

    Humber A Andrade

    2015-03-01

    Full Text Available The stocks of the red spiny lobster (Panulirus argus (Latreille, 1804 in the Caribbean and in the Brazilian coast are of considerable economic importance. There are important genetic differences between the Brazilian and Caribbean populations, which support separated stock assessment. The present study provides an assessment of the Brazilian stock of P. argus using a biomass dynamic model based on a Bayesian approach. Assuming that the catch per unit effort is a valid index of relative abundance, the results of the analysis indicate that stocks have been heavily overexploited since the 1980s. The present-day scenario is pessimistic, and there is evidence that the stock may be close to collapse.

  1. Energy-efficient houses. Scenarios, efforts and means of action with an emphasis on energy use and carbon dioxide emissions. Main Report of the KLIMATEK project 'The energy systems of the future in existing and new buildings - a higher level analysis emphasising status and scenarios'

    International Nuclear Information System (INIS)

    Gjaerde, Anne Cathrine; Livik, Klaus; Stene, Joern; Grinden, Bjoern; Tokle, Trude; Thyholt, Marit; Groenli, Morten

    1999-04-01

    The project referred to in the heading concentrated on energy use and carbon dioxide emissions relating to heating of houses in Norway. There are many ways of reducing energy use and carbon dioxide emissions, but the measures taken are often unprofitable because of high investment costs and relatively moderate energy prices. The development of society, environmental policy and technology strongly affects the development and management of the buildings, and this project could only elucidate a limited number of approaches of current interest. About 60% of the energy needed for heating houses comes from electricity, and the use of electricity for general purposes is increasing. Norway will probably become a major net importer of electric power within a few years unless strong measures are taken. Most of the carbon dioxide emission from buildings are due to oil fuel firing

  2. Scenarios of Expansion to Electric Generation Capacity

    Directory of Open Access Journals (Sweden)

    José Somoza-Cabrera

    2017-06-01

    Full Text Available We show the building scenarios of expansion to electric generation capacity enough to supply the demand to 2050. We were using the LEAP facility (Long-range Energy Alternatives Planning System, to simulate dispatch of electricity at minimum cost. Finally, we show the cost-benefice analysis of the technologies availability, included externality and CO2 emission limited. However that we included the externals cost in this analysis, it results insufficient to closed gap between fossil and renewable technologies of electric generation. Nevertheless, in some opportunities the renewable options had very important participations in the minimal cost scenario of expansion.

  3. Distribution characteristics of stock market liquidity

    Science.gov (United States)

    Luo, Jiawen; Chen, Langnan; Liu, Hao

    2013-12-01

    We examine the distribution characteristics of stock market liquidity by employing the generalized additive models for location, scale and shape (GAMLSS) model and three-minute frequency data from Chinese stock markets. We find that the BCPE distribution within the GAMLSS framework fits the distributions of stock market liquidity well with the diagnosis test. We also find that the stock market index exhibits a significant impact on the distributions of stock market liquidity. The stock market liquidity usually exhibits a positive skewness, but a normal distribution at a low level of stock market index and a high-peak and fat-tail shape at a high level of stock market index.

  4. The ShakeOut scenario: A hypothetical Mw7.8 earthquake on the Southern San Andreas Fault

    Science.gov (United States)

    Porter, K.; Jones, L.; Cox, D.; Goltz, J.; Hudnut, K.; Mileti, D.; Perry, S.; Ponti, D.; Reichle, M.; Rose, A.Z.; Scawthorn, C.R.; Seligson, H.A.; Shoaf, K.I.; Treiman, J.; Wein, A.

    2011-01-01

    In 2008, an earthquake-planning scenario document was released by the U.S. Geological Survey (USGS) and California Geological Survey that hypothesizes the occurrence and effects of a Mw7.8 earthquake on the southern San Andreas Fault. It was created by more than 300 scientists and engineers. Fault offsets reach 13 m and up to 8 m at lifeline crossings. Physics-based modeling was used to generate maps of shaking intensity, with peak ground velocities of 3 m/sec near the fault and exceeding 0.5 m/sec over 10,000 km2. A custom HAZUS??MH analysis and 18 special studies were performed to characterize the effects of the earthquake on the built environment. The scenario posits 1,800 deaths and 53,000 injuries requiring emergency room care. Approximately 1,600 fires are ignited, resulting in the destruction of 200 million square feet of the building stock, the equivalent of 133,000 single-family homes. Fire contributes $87 billion in property and business interruption loss, out of the total $191 billion in economic loss, with most of the rest coming from shakerelated building and content damage ($46 billion) and business interruption loss from water outages ($24 billion). Emergency response activities are depicted in detail, in an innovative grid showing activities versus time, a new format introduced in this study. ?? 2011, Earthquake Engineering Research Institute.

  5. Scenarios and innovative systems

    International Nuclear Information System (INIS)

    2001-11-01

    The purpose of this workshop is to present to the GEDEON community the scenarios for the deployment of innovative nuclear solutions. Both steady state situations and possible transitions from the present to new reactors and fuel cycles are considered. Innovative systems that satisfy improved natural resource utilization and waste minimization criteria will be described as well as the R and D orientations of various partners. This document brings together the transparencies of 17 communications given at this workshop: general policy for transmutation and partitioning; Amster: a molten salt reactor (MSR) concept; MSR capabilities; potentials and capabilities of accelerator driven systems (ADS); ADS demonstrator interest as an experimental facility; innovative systems: gas coolant technologies; Pu management in EPR; scenarios with thorium fuel; scenarios at the equilibrium state; scenarios for transition; partitioning and specific conditioning; management of separated radio-toxic elements; European programs; DOE/AAA (Advanced Accelerator Applications) program; OECD scenario studies; CEA research programs and orientations; partitioning and transmutation: an industrial point of view. (J.S.)

  6. SCENARIO PLANNING AS LEARNING

    Directory of Open Access Journals (Sweden)

    Antonio Lourenço Junior

    2010-10-01

    Full Text Available Scenario Planning has been increasingly used, from its introduction to the decision process as effective tools to test decisions, and improve performance in a dynamic environment (Chermack, 2005. The purpose of this article is to demonstrate the potential of an experimental Scenario Planning Model to mobilize, encourage and add more content to the organization’s decision making process – mainly with respect to Strategic Plans of two governmental institutions, a pharmaceutical company and a technology education foundation.  This study describes the application stages of a hybrid scenario-planning model – herein referred to as Planning as Learning – via action-research, showing the scenarios resulting from the experiment and describes the main results of an assessment of such practice. In order to do that, two well-established Scenario Planning models (Prospective school and Shell’s model were analyzed. They were used as a reference for the proposition and application of an experimental model in the two study objects. A questionnaire was used to assess the technique impact. It was possible to obtain high levels of reliability. In-depth interviews were also conducted with the participants. At the end, the results confirmed the model efficiency as a basis for decision making in the competitive environment in which the two institutions are inserted, also to encourage the learning process as a group, as observed throughout the work.

  7. Scenarios for Gluino Coannihilation

    CERN Document Server

    Ellis, John; Luo, Feng; Olive, Keith A

    2016-01-01

    We study supersymmetric scenarios in which the gluino is the next-to-lightest supersymmetric particle (NLSP), with a mass sufficiently close to that of the lightest supersymmetric particle (LSP) that gluino coannihilation becomes important. One of these scenarios is the MSSM with soft supersymmetry-breaking squark and slepton masses that are universal at an input GUT renormalization scale, but with non-universal gaugino masses. The other scenario is an extension of the MSSM to include vector-like supermultiplets. In both scenarios, we identify the regions of parameter space where gluino coannihilation is important, and discuss their relations to other regions of parameter space where other mechanisms bring the dark matter density into the range allowed by cosmology. In the case of the non-universal MSSM scenario, we find that the allowed range of parameter space is constrained by the requirement of electroweak symmetry breaking, the avoidance of a charged LSP and the measured mass of the Higgs boson, in parti...

  8. Scenarios for gluino coannihilation

    Energy Technology Data Exchange (ETDEWEB)

    Ellis, John [Theoretical Particle Physics and Cosmology Group, Department of Physics, King’s College London, London, WC2R 2LS United Kingdom (United Kingdom); Theory Division, CERN,Geneva 23, CH-1211 (Switzerland); Evans, Jason L. [School of Physics and Astronomy, University of Minnesota,Minneapolis, MN, 55455 (United States); William I. Fine Theoretical Physics Institute, School of Physics and Astronomy, University of Minnesota, Minneapolis, MN, 55455 (United States); Luo, Feng [Theory Division, CERN,Geneva 23, CH-1211 (Switzerland); Olive, Keith A. [School of Physics and Astronomy, University of Minnesota,Minneapolis, MN, 55455 (United States); William I. Fine Theoretical Physics Institute, School of Physics and Astronomy, University of Minnesota, Minneapolis, MN, 55455 (United States)

    2016-02-11

    We study supersymmetric scenarios in which the gluino is the next-to-lightest supersymmetric particle (NLSP), with a mass sufficiently close to that of the lightest supersymmetric particle (LSP) that gluino coannihilation becomes important. One of these scenarios is the MSSM with soft supersymmetry-breaking squark and slepton masses that are universal at an input GUT renormalization scale, but with non-universal gaugino masses. The other scenario is an extension of the MSSM to include vector-like supermultiplets. In both scenarios, we identify the regions of parameter space where gluino coannihilation is important, and discuss their relations to other regions of parameter space where other mechanisms bring the dark matter density into the range allowed by cosmology. In the case of the non-universal MSSM scenario, we find that the allowed range of parameter space is constrained by the requirement of electroweak symmetry breaking, the avoidance of a charged LSP and the measured mass of the Higgs boson, in particular, as well as the appearance of other dark matter (co)annihilation processes. Nevertheless, LSP masses m{sub χ}≲8 TeV with the correct dark matter density are quite possible. In the case of pure gravity mediation with additional vector-like supermultiplets, changes to the anomaly-mediated gluino mass and the threshold effects associated with these states can make the gluino almost degenerate with the LSP, and we find a similar upper bound.

  9. Regional climate change scenarios

    International Nuclear Information System (INIS)

    Somot, S.

    2005-01-01

    Because studies of the regional impact of climate change need higher spatial resolution than that obtained in standard global climate change scenarios, developing regional scenarios from models is a crucial goal for the climate modelling community. The zoom capacity of ARPEGE-Climat, the Meteo-France climate model, allows use of scenarios with a horizontal resolution of about 50 km over France and the Mediterranean basin. An IPCC-A2 scenario for the end of the 21. century in France shows higher temperatures in each season and more winter and less summer precipitation than now. Tuning the modelled statistical distributions to observed temperature and precipitation allows us to study changes in the frequency of extreme events between today's climate and that at the end of century. The frequency of very hot days in summer will increase. In particular, the frequency of days with a maximum temperature above 35 deg C will be multiplied by a factor of 10, on average. In our scenario, the Toulouse area and Provence might see one quarter of their summer days with a maximum temperature above 35 deg C. (author)

  10. Stock Price Manipulation: The Role of Intermediaries

    Directory of Open Access Journals (Sweden)

    Hammad Siddiqi

    2017-10-01

    Full Text Available We model a scenario in which there are three types of investors: fundamentalists, speculators, and trend-followers and an intermediary who cares about his reputation. Fundamentalists are rational investors with long horizons who are interested in the dividend stream. Speculators are rational investors who have short horizons and are interested in profiting from short-term price movements or capital gains. Trend-followers are behavioral investors who extrapolate price trends, and, consequently, are late entrants in the market. We show that an informed intermediary (broker can manipulate demand (consequently stock price without losing his reputation when there is information asymmetry. We also show that there is a trade-off between broker level competition for reputation and market liquidity. Broker level competition checks manipulation, but it adversely affects market liquidity.

  11. Evaluating Different Green School Building Designs for Albania: Indoor Thermal Comfort, Energy Use Analysis with Solar Systems

    Science.gov (United States)

    Dalvi, Ambalika Rajendra

    Improving the conditions of schools in many parts of the world is gradually acquiring importance. The Green School movement is an integral part of this effort since it aims at improving indoor environmental conditions. This would in turn, enhance student- learning while minimizing adverse environmental impact through energy efficiency of comfort-related HVAC and lighting systems. This research, which is a part of a larger research project, aims at evaluating different school building designs in Albania in terms of energy use and indoor thermal comfort, and identify energy efficient options of existing schools. We start by identifying three different climate zones in Albania; Coastal (Durres), Hill/Pre-mountainous (Tirana), mountainous (Korca). Next, two prototypical school building designs are identified from the existing stock. Numerous scenarios are then identified for analysis which consists of combinations of climate zone, building type, building orientation, building upgrade levels, presence of renewable energy systems (solar photovoltaic and solar water heater). The existing building layouts, initially outlined in CAD software and then imported into a detailed building energy software program (eQuest) to perform annual simulations for all scenarios. The research also predicted indoor thermal comfort conditions of the various scenarios on the premise that windows could be opened to provide natural ventilation cooling when appropriate. This study also estimated the energy generated from solar photovoltaic systems and solar water heater systems when placed on the available roof area to determine the extent to which they are able to meet the required electric loads (plug and lights) and building heating loads respectively. The results showed that there is adequate indoor comfort without the need for mechanical cooling for the three climate zones, and that only heating is needed during the winter months.

  12. Primary energy use for heating in the Swedish building sector-Current trends and proposed target

    International Nuclear Information System (INIS)

    Johansson, P.; Nylander, A.; Johnsson, F.

    2007-01-01

    One goal of the Swedish energy policy is to reduce the amount of electricity used for heating in the building sector. This means to reduce the primary energy used for heating which in this paper is analyzed in the context of various heating technologies and CO 2 emissions. The analysis is applied to a region in Sweden (southern Sweden) for which detailed information on the energy infrastructure (the capital stock of the buildings and heating systems together with geographical variations in heat intensity) is available from a previous work [Johansson, P., Nylander, A., Johnsson, F., 2005. Electricity dependency and CO 2 emissions from heating in the Swedish building sector-current trends in conflict with governmental policy? Energy policy] and which is large enough to be assumed representative for Sweden as a whole. The detailed mapping of the energy infrastructure allows a good estimate on the rate at which the energy system can be expected to be replaced with respect to economical lifetime of the capital stock (the year 2025 in this case). Two scenarios are investigated; a target scenario for which energy savings are employed (e.g. improving climate shell in buildings) and oil and most of the electricity used for heating purposes are phased out and a second for which the current trend in the heating market continues. In the target scenario it is shown that although only applying commercially competitive heating technologies, it is possible to achieve a 47% reduction in primary energy use for heating with a 34% decrease in heat demand together with significant reduction in CO 2 emissions. However, the scenario which continues the current trends on the heating market instead yields an increase (of about 10%) in primary energy use (reduction in conversion efficiency) of the heating system of the region over the period studied, in spite of a slight decrease in heat demand (9%, mainly due to energy efficiency measures) as well as in CO 2 emissions. In light of the

  13. Parallel Prediction of Stock Volatility

    Directory of Open Access Journals (Sweden)

    Priscilla Jenq

    2017-10-01

    Full Text Available Volatility is a measurement of the risk of financial products. A stock will hit new highs and lows over time and if these highs and lows fluctuate wildly, then it is considered a high volatile stock. Such a stock is considered riskier than a stock whose volatility is low. Although highly volatile stocks are riskier, the returns that they generate for investors can be quite high. Of course, with a riskier stock also comes the chance of losing money and yielding negative returns. In this project, we will use historic stock data to help us forecast volatility. Since the financial industry usually uses S&P 500 as the indicator of the market, we will use S&P 500 as a benchmark to compute the risk. We will also use artificial neural networks as a tool to predict volatilities for a specific time frame that will be set when we configure this neural network. There have been reports that neural networks with different numbers of layers and different numbers of hidden nodes may generate varying results. In fact, we may be able to find the best configuration of a neural network to compute volatilities. We will implement this system using the parallel approach. The system can be used as a tool for investors to allocating and hedging assets.

  14. The negaWatt 2011 scenario

    International Nuclear Information System (INIS)

    2016-03-01

    This article presents the approach adopted for the negaWatt scenario and its obtained results. It is based on sobriety (energy savings), on energy efficiency, and on the use of renewable energies. After having outlined the different reasons for an energy transition (increasing energy consumption, critics and risks related to nuclear energy, and high potential of renewable energies), the scenario is presented with its main principles. The scenario identifies possibilities ranging from half to two thirds of energy saving in the different energy consuming sectors. The building sector is presented as a major issue. The transport is described as a sector to be addressed on the long term. The necessary change of the industry sector is highlighted. The agriculture sector is presented as being at the heart of transition. Energy usages are to become sober, efficient and renewable. The scenario is based on a high rate development of renewable energies, while fossil energies are to become marginal, nuclear is to be progressively and reasonably given up, and networks are to become compatible to ensure the scenario success. Thus, the scenario demonstrates the feasibility of a 100 pc sustainable assessment for primary energy, complies with stakes and objectives by 2050. The cost of energy transition is briefly discussed

  15. Detailed Modelling of the Deep Decarbonisation Scenarios with Demand Response Technologies in the Heating and Cooling Sector: A Case Study for Italy

    Directory of Open Access Journals (Sweden)

    Francesco Calise

    2017-10-01

    Full Text Available Energy policies accompanying the transition towards a sustainable development process must be supported by technical analyses in which future energy scenarios are modeled and evaluated. This paper analyzes possible decarbonization scenarios in Italy for the year 2050. They envisage high electrification of transports and residential buildings, high use of renewable energies, and a modal shift towards public transport. The energy scenarios are evaluated using a software program, EnergyPLAN, starting from a reference model developed for the year 2014. Special attention has been given to the modeling of data that are unavailable in the literature, such as the time profile of heating and cooling demands, obtained with the degree-days method and validated by elaborating the results of the modeling of the residential building stock, this latter was dynamically simulated in TRNSYS. The results show that to obtain a significant decrease of greenhouse gas emissions and fossil fuel consumption, it is necessary not only to promote a deeper penetration of renewable sources, but also their integration with other technologies (cogeneration, trigeneration, power-to-heat systems, thermal storage, vehicle-to-grid operations. In fact, renewables technologies alone can raise some critical issues, such as excess and/or shortage of electricity production and non-sustainable exploitation of biomass.

  16. Energy Efficiency in the Mediterranean Building Industry

    International Nuclear Information System (INIS)

    Thibault, H.L.; El Habib, El Andaloussi

    2011-01-01

    Despite the alerts that have been sounded since 1992, as international conferences aimed at curbing global warming have come and gone, and despite the plans for reducing the use of fossil fuel resources that call for the moderation of energy consumption, few actions or incentive measures (and even fewer directives) have actually been developed to act on the demand for energy. Yet, as Henri-Luc Thibault and El Habib El Andaloussi show here, some very concrete measures can have major effects in this area. This is the case with everything relating to the improvement of energy efficiency in building, where housing conditions, the housing stock and related energy consumption (heating, air-conditioning etc.) are concerned. Thibault and El Andaloussi show the potential impact of such measures in the Mediterranean region. Basing themselves on the work of the 'Plan Bleu' organization, which has worked out a revolutionary scenario for the energy field in the countries of the southern and eastern Mediterranean (to 2030), they begin by recalling the importance of buildings in regional energy consumption and the various levers that might be used to reduce that consumption (regulation, materials, efficiency of machinery etc.). In such a scenario, the potential for energy savings in this sector would seem considerable. Moreover, this would enable a substantial decrease in greenhouse gas emissions to be achieved, and would also have very positive effects in terms of job creation. In conclusion, the authors point out the need for investment over 20 years, depending on the particular country concerned, to put in place the five flagship measures of energy saving, which would be genuine investments for the future.. (authors)

  17. MIV Project: Mission scenario

    DEFF Research Database (Denmark)

    Ravazzotti, Mariolina T.; Jørgensen, John Leif; Thuesen, Gøsta

    1997-01-01

    Under the ESA contract #11453/95/NL/JG(SC), aiming at assessing the feasibility of Rendez-vous and docking of unmanned spacecrafts, a msiision scenario was defined. This report describes the secquence of manouvres and task allocations for such missions.......Under the ESA contract #11453/95/NL/JG(SC), aiming at assessing the feasibility of Rendez-vous and docking of unmanned spacecrafts, a msiision scenario was defined. This report describes the secquence of manouvres and task allocations for such missions....

  18. Scenario group summary

    International Nuclear Information System (INIS)

    Thorndike, A.

    1976-01-01

    A scenario is given for ISABELLE which provides a plausible sequence of events from FY 1980 to 1990. No doubt reality will be quite different. The scenario is based on the construction schedule of the 1976 proposal. Assembly and testing of the accelerator will occur until the end of FY 1983, and the next six years will provide pp interactions for the initial high energy physics research. By 1990 any temporary conditions associated with start-up of ISABELLE should be a thing of the past and all experimental capabilities fully utilized

  19. Scenario group summary

    International Nuclear Information System (INIS)

    Thorndike, A.

    1976-01-01

    The scenario is given which provides a plausible sequence of events for ISABELLE from FY 1980 to 1990. No doubt reality will be quite different. The scenario is based on the construction schedule of the 1976 proposal. Assembly and testing of the accelerator will occur until the end of FY 1983, and the next six years will provide pp interactions for the initial high energy physics research. By 1990 any temporary conditions associated with start-up of ISABELLE should be a thing of the past and all experimental capabilities fully utilized

  20. Do More Economists Hold Stocks?

    DEFF Research Database (Denmark)

    Christiansen, Charlotte; Joensen, Juanna Schröter; Rangvid, Jesper

    A unique data set enables us to test the hypothesis that more economists than otherwise identical investors hold stocks due to informational advantages. We confirm that economists have a significantly higher probability of participating in the stock market than investors with any other education......, even when controlling for several background characteristics. We make use of a large register-based panel data set containing detailed information on the educational attainments and various financial and socioeconomic variables. We model the stock market participation decision by the probit model...

  1. Emergency exercise scenario tools

    International Nuclear Information System (INIS)

    Sjoeblom, K.

    1998-03-01

    Nuclear power plant emergency exercises require a realistically presented accident situation which includes various aspects: plant process, radioactivity, radiation, weather and people. Experiences from nuclear power plant emergency exercises show that preparing accident scenarios even for relatively short exercises is tedious. In the future modern computer technology and past experience could be used for making exercise planning more effective. (au)

  2. Climate scenarios for California

    Science.gov (United States)

    Cayan, Daniel R.; Maurer, Ed; Dettinger, Mike; Tyree, Mary; Hayhoe, Katharine; Bonfils, Celine; Duffy, Phil; Santer, Ben

    2006-01-01

    Possible future climate changes in California are investigated from a varied set of climate change model simulations. These simulations, conducted by three state-of-the-art global climate models, provide trajectories from three greenhouse gas (GHG) emission scenarios. These scenarios and the resulting climate simulations are not “predictions,” but rather are a limited sample from among the many plausible pathways that may affect California’s climate. Future GHG concentrations are uncertain because they depend on future social, political, and technological pathways, and thus the IPCC has produced four “families” of emission scenarios. To explore some of these uncertainties, emissions scenarios A2 (a medium-high emissions) and B1 (low emissions) were selected from the current IPCC Fourth climate assessment, which provides several recent model simulations driven by A2 and B1 emissions. The global climate model simulations addressed here were from PCM1, the Parallel Climate Model from the National Center for Atmospheric Research (NCAR) and U.S. Department of Energy (DOE) group, and CM2.1 from the National Oceanic and Atmospheric Administration (NOAA) Geophysical Fluids Dynamics Laboratory (GFDL).

  3. HEALTH SCENARIO IN INDIA

    Indian Academy of Sciences (India)

    First page Back Continue Last page Overview Graphics. HEALTH SCENARIO IN INDIA. Health Doctor / Hospital Infant expenditure 1000 beds / 1000 mortality / % GDP 1000. India 0.8 0.47 0.8 71. World 2.6 1.5 3.3 54. Developed 6.1 2.8 7.2 6 Countries.

  4. An economically reliable scenario

    International Nuclear Information System (INIS)

    Anon.

    1996-01-01

    Mister Benjamin Dessus, director of the Ecotech programme at the Cnrs and author of the Noe scenario, describes his propositions for energy prospective, supported by an economic analysis. He advocates the energy diversification and the use of renewable energies. (N.C.). 1 ref., 1 tab

  5. The SAFRR Tsunami Scenario

    Science.gov (United States)

    Porter, K.; Jones, Lucile M.; Ross, Stephanie L.; Borrero, J.; Bwarie, J.; Dykstra, D.; Geist, Eric L.; Johnson, L.; Kirby, Stephen H.; Long, K.; Lynett, P.; Miller, K.; Mortensen, Carl E.; Perry, S.; Plumlee, G.; Real, C.; Ritchie, L.; Scawthorn, C.; Thio, H.K.; Wein, Anne; Whitmore, P.; Wilson, R.; Wood, Nathan J.; Ostbo, Bruce I.; Oates, Don

    2013-01-01

    The U.S. Geological Survey and several partners operate a program called Science Application for Risk Reduction (SAFRR) that produces (among other things) emergency planning scenarios for natural disasters. The scenarios show how science can be used to enhance community resiliency. The SAFRR Tsunami Scenario describes potential impacts of a hypothetical, but realistic, tsunami affecting California (as well as the west coast of the United States, Alaska, and Hawaii) for the purpose of informing planning and mitigation decisions by a variety of stakeholders. The scenario begins with an Mw 9.1 earthquake off the Alaska Peninsula. With Pacific basin-wide modeling, we estimate up to 5m waves and 10 m/sec currents would strike California 5 hours later. In marinas and harbors, 13,000 small boats are damaged or sunk (1 in 3) at a cost of $350 million, causing navigation and environmental problems. Damage in the Ports of Los Angeles and Long Beach amount to $110 million, half of it water damage to vehicles and containerized cargo. Flooding of coastal communities affects 1800 city blocks, resulting in $640 million in damage. The tsunami damages 12 bridge abutments and 16 lane-miles of coastal roadway, costing $85 million to repair. Fire and business interruption losses will substantially add to direct losses. Flooding affects 170,000 residents and workers. A wide range of environmental impacts could occur. An extensive public education and outreach program is underway, as well as an evaluation of the overall effort.

  6. Making Sense of Dynamic Systems: How Our Understanding of Stocks and Flows Depends on a Global Perspective

    Science.gov (United States)

    Fischer, Helen; Gonzalez, Cleotilde

    2016-01-01

    Stocks and flows (SF) are building blocks of dynamic systems: Stocks change through inflows and outflows, such as our bank balance changing with withdrawals and deposits, or atmospheric CO[subscript 2] with absorptions and emissions. However, people make systematic errors when trying to infer the behavior of dynamic systems, termed SF failure,…

  7. ---Stock Market Devpt in Ethiopia

    African Journals Online (AJOL)

    Jetu_E_Ch

    The term stock can be defined as “the capital or principal fund raised by a corporation .... 20 Tiruneh Legesse (2012), “Establishing Financial Markets in Ethiopia: the .... improve accounting and auditing standards, provide effective tools for.

  8. Based on BP Neural Network Stock Prediction

    Science.gov (United States)

    Liu, Xiangwei; Ma, Xin

    2012-01-01

    The stock market has a high profit and high risk features, on the stock market analysis and prediction research has been paid attention to by people. Stock price trend is a complex nonlinear function, so the price has certain predictability. This article mainly with improved BP neural network (BPNN) to set up the stock market prediction model, and…

  9. Effects of harvesting on spatial and temporal diversity of carbon stocks in a boreal forest landscape.

    Science.gov (United States)

    Ter-Mikaelian, Michael T; Colombo, Stephen J; Chen, Jiaxin

    2013-10-01

    Carbon stocks in managed forests of Ontario, Canada, and in harvested wood products originated from these forests were estimated for 2010-2100. Simulations included four future forest harvesting scenarios based on historical harvesting levels (low, average, high, and maximum available) and a no-harvest scenario. In four harvesting scenarios, forest carbon stocks in Ontario's managed forest were estimated to range from 6202 to 6227 Mt C (millions of tons of carbon) in 2010, and from 6121 to 6428 Mt C by 2100. Inclusion of carbon stored in harvested wood products in use and in landfills changed the projected range in 2100 to 6710-6742 Mt C. For the no-harvest scenario, forest carbon stocks were projected to change from 6246 Mt C in 2010 to 6680 Mt C in 2100. Spatial variation in projected forest carbon stocks was strongly related to changes in forest age (r = 0.603), but had weak correlation with harvesting rates. For all managed forests in Ontario combined, projected carbon stocks in combined forest and harvested wood products converged to within 2% difference by 2100. The results suggest that harvesting in the boreal forest, if applied within limits of sustainable forest management, will eventually have a relatively small effect on long-term combined forest and wood products carbon stocks. However, there was a large time lag to approach carbon equality, with more than 90 years with a net reduction in stored carbon in harvested forests plus wood products compared to nonharvested boreal forest which also has low rates of natural disturbance. The eventual near equivalency of carbon stocks in nonharvested forest and forest that is harvested and protected from natural disturbance reflects both the accumulation of carbon in harvested wood products and the relatively young age at which boreal forest stands undergo natural succession in the absence of disturbance.

  10. Persistent collective trend in stock markets

    Science.gov (United States)

    Balogh, Emeric; Simonsen, Ingve; Nagy, Bálint Zs.; Néda, Zoltán

    2010-12-01

    Empirical evidence is given for a significant difference in the collective trend of the share prices during the stock index rising and falling periods. Data on the Dow Jones Industrial Average and its stock components are studied between 1991 and 2008. Pearson-type correlations are computed between the stocks and averaged over stock pairs and time. The results indicate a general trend: whenever the stock index is falling the stock prices are changing in a more correlated manner than in case the stock index is ascending. A thorough statistical analysis of the data shows that the observed difference is significant, suggesting a constant fear factor among stockholders.

  11. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    Directory of Open Access Journals (Sweden)

    Irshad Hira

    2017-08-01

    Full Text Available This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  12. Relationship Among Political Instability, Stock Market Returns and Stock Market Volatility

    OpenAIRE

    Irshad Hira

    2017-01-01

    This study investigated the relationship of political instability with the stock prices. Results of the study indicated the negative relationship of stock prices with political instability. Moreover, results of suggested that instable political system ultimately leads decline in stock prices. Inflation has shown negative relationship with stock prices whereas, industrial production and Exports have positive relationship with stock prices.

  13. CLASS: Core Library for Advanced Scenario Simulations

    International Nuclear Information System (INIS)

    Mouginot, B.; Thiolliere, N.

    2015-01-01

    The nuclear reactor simulation community has to perform complex electronuclear scenario simulations. To avoid constraints coming from the existing powerful scenario software such as COSI, VISION or FAMILY, the open source Core Library for Advanced Scenario Simulation (CLASS) has been developed. The main asset of CLASS is its ability to include any type of reactor, whether the system is innovative or standard. A reactor is fully described by its evolution database which should contain a set of different validated fuel compositions in order to simulate transitional scenarios. CLASS aims to be a useful tool to study scenarios involving Generation-IV reactors as well as innovative fuel cycles, like the thorium cycle. In addition to all standard key objects required by an electronuclear scenario simulation (the isotopic vector, the reactor, the fuel storage and the fabrication units), CLASS also integrates two new specific modules: fresh fuel evolution and recycled fuel fabrication. The first module, dealing with fresh fuel evolution, is implemented in CLASS by solving Bateman equations built from a database induced cross-sections. The second module, which incorporates the fabrication of recycled fuel to CLASS, can be defined by user priorities and/or algorithms. By default, it uses a linear Pu equivalent-method, which allows predicting, from the isotopic composition, the maximum burn-up accessible for a set type of fuel. This paper presents the basis of the CLASS scenario, the fuel method applied to a MOX fuel and an evolution module benchmark based on the French electronuclear fleet from 1977 to 2012. Results of the CLASS calculation were compared with the inventory made and published by the ANDRA organisation in 2012. For UOX used fuels, the ANDRA reported 12006 tonnes of heavy metal in stock, including cooling, versus 18500 tonnes of heavy metal predicted by CLASS. The large difference is easily explained by the presence of 56 tonnes of plutonium already separated

  14. Hanford groundwater scenario studies

    International Nuclear Information System (INIS)

    Arnett, R.C.; Gephart, R.E.; Deju, R.A.; Cole, C.R.; Ahlstrom, S.W.

    1977-05-01

    This report documents the results of two Hanford groundwater scenario studies. The first study examines the hydrologic impact of increased groundwater recharge resulting from agricultural development in the Cold Creek Valley located west of the Hanford Reservation. The second study involves recovering liquid radioactive waste which has leaked into the groundwater flow system from a hypothetical buried tank containing high-level radioactive waste. The predictive and control capacity of the onsite Hanford modeling technology is used to evaluate both scenarios. The results of the first study indicate that Cold Creek Valley irrigationis unlikely to cause significant changes in the water table underlying the high-level waste areas or in the movement of radionuclides already in the groundwater. The hypothetical tank leak study showed that an active response (in this case waste recovery) can be modeled and is a possible alternative to passive monitoring of radionuclide movement in the unlikely event that high-level waste is introduced into the groundwater

  15. The Scenario Planning Paradox

    DEFF Research Database (Denmark)

    Spaniol, Matthew Jon; Rowland, Nicholas James

    2017-01-01

    planning paradox. Contributing fresh theory supposedly attends to the “dismal” state of theory, while contributing new typologies purportedly helps bring order to methodological chaos. Repeated over time, the contribution strategy breaks down. Effort to resolve the theoretical and methodological issue......, foundational theoretical perspective in futures studies. Perceived chaos gives way to typologies, which, as they mount, contribute to the chaos they were meant to resolve. The end result, intended by no one, is that theory remains dismal and methods remain chaotic. This direction for the field is indefensible......For more than a decade, futures studies scholars have prefaced scholarly contributions by repeating the claim that there is insufficient theory to support chaotic scenario methodology. The strategy is formulaic, and the net effect is a curious one, which the authors refer to as the scenario...

  16. Demand scenarios, worldwide

    Energy Technology Data Exchange (ETDEWEB)

    Schaefer, A [Massachusetts Inst. of Technology, Center for Technology, Policy and Industrial Development and the MIT Joint Program on the Science and Policy of Global Change, Cambridge, MA (United States)

    1996-11-01

    Existing methods are inadequate for developing aggregate (regional and global) and long-term (several decades) passenger transport demand scenarios, since they are mainly based on simple extensions of current patterns rather than causal relationships that account for the competition among transport modes (aircraft, automobiles, buses and trains) to provide transport services. The demand scenario presented in this paper is based on two empirically proven invariances of human behavior. First, transport accounts for 10 to 15 percent of household total expenditures for those owning an automobile, and around 5 percent for non-motorized households on average (travel money budget). Second, the mean time spent traveling is approximately one hour per capita per day (travel time budget). These two budgets constraints determine the dynamics of the scenario: rising income increases per capita expenditure on travel which, in turn, increase demand for mobility. Limited travel time constraints travelers to shift to faster transport systems. The scenario is initiated with the first integrated historical data set on traffic volume in 11 world regions and the globe from 1960 to 1990 for all major modes of motorized transport. World average per capita traffic volume, which was 1,800 kilometers in 1960 and 4,2090 in 1990, is estimated to rise to 7,900 kilometers in 2020 - given a modest average increase in Gross World Product of 1.9% per year. Higher economic growth rates in Asian regions result in an increase in regional per capita traffic volume up to a factor of 5.3 from 1990 levels. Modal splits continue shifting to more flexible and faster modes of transport. At one point, passenger cars can no longer satisfy the increasing demand for speed (i.e. rising mobility within a fixed time budget). In North America it is estimated that the absolute traffic volume of automobiles will gradually decline starting in the 2010s. (author) 13 figs., 6 tabs., 35 refs.

  17. Bank stock returns, leverage and the business cycle

    OpenAIRE

    Jing Yang; Kostas Tsatsaronis

    2012-01-01

    The returns on bank stocks rise and fall with the business cycle, making bank equity financing cheaper in the boom and dearer during a recession. This provides support for prudential tools that give incentives for banks to build capital buffers at times when the cost of equity is lower. In addition, banks with higher leverage face a higher cost of equity, which suggests that higher capital ratios are associated with lower funding costs.

  18. Asset Stock Accumulation and Sustainability of Competitive Advantage

    OpenAIRE

    Ingemar Dierickx; Karel Cool

    1989-01-01

    Given incomplete factor markets, appropriate time paths of flow variables must be chosen to build required stocks of assets. That is, critical resources are accumulated rather than acquired in "strategic factor markets" (Barney [Barney, J. 1986. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (October) 1231--1241.]). Sustainability of a firm's asset position hinges on how easily assets can be substituted or imitated. Imitability is linked to the characteri...

  19. Model of Risk Forewarn and Investment Decision in Stock Markets and Its Realization

    Institute of Scientific and Technical Information of China (English)

    ZOU Hui-wen; TANG Bing-yong; WANG Li-ping; XU Guang-wei

    2004-01-01

    Based on the discussion of characteristic and mechanism of the stock prices volatility in Chinese emerging stock markets, this research designs an index system for risk forewarn, and builds up an investment decision model based on the forewarn of the market risk signal. Then, on probing into the structure and function of the realization of the model, the paper presents the method of data interface.

  20. Learning How to Use Buildings: An Exploration of the Potential of Design Interactions to Support Transition to Low-Impact Community Living

    Directory of Open Access Journals (Sweden)

    Rachael Luck

    2014-11-01

    Full Text Available In this paper, I study how a housing project is designed and show the architects in conversation with the residents talking about living in a community with lower impact, to reveal different conceptual understandings of building technologies and systems within the home. In this account, it can be seen that building systems and technologies become entangled with dwelling, patterns of living and maintenance scenarios on a housing estate. Shown are several ways that these design interactions can be considered pedagogic and transformative. It is proposed that similar events between architects and users are established in the design stage for other building types and for more of the UK housing stock.

  1. GENERAL METHOD OF STOCKS AUDIT

    Directory of Open Access Journals (Sweden)

    Iryna Galushchak

    2017-03-01

    Full Text Available The article deals with the organization and methodology of accounting and auditing inventory enterprises. Suggestions for improvement of accounting permit to raise processing and presenting economic information to a higher level for making the economic and management decisions. Theory and practice problems of stocks audit were investigated. The basic directions of improvement of  stock audit were defined. The auditor can form an opinion about the state of business transactions of accounting of goods, define shortcomings in its organization and possible directions of elimination of violations and abuses. Program of audit of operations accounting with stocks should include the investigation of the preservation of property, valuation and posting costs, correct evaluation of purchased tangible assets, using of stocks in production. It is worth  to use techniques and methods of verification such as inventory, comparative control,  comparison of documentary evidence, counter check, check arithmetic for  audit of goods. Keywords: audit, stocks, activities of the company.

  2. Scenarios for the future

    International Nuclear Information System (INIS)

    Haegermark, H.; Bergmark, M.

    1995-06-01

    This project aims primarily to give a basis for the joint R and D program for the Swedish electric utility industry, in the form of pictures of the future up to 2020. The work was performed during four seminars in a group of managers and R and D planners. The four scenarios differ mainly in the assumptions of high or low economic growth and on market or political rule. Assumptions on essential uncertainties about the future have been combined in a consistent manner, e.g. on the structure of the utility industry, the role of nuclear power, the importance of the greenhouse gas issue, the influence of new technology developments and on changes of values in society. Certain other development appear in all scenarios, e.g. the impact of information technology throughout society, the internationalization of business in general and industrial production in particular, considerations for the environment and care for natural resources. The four scenarios are: 'Technology on the throne' (market rule/high growth); 'Intense competition' (market rule/low growth); 'Monopoly takes over' (political rule/high growth); and 'Green local society' (political rule/low growth). Some of the important factors pointed out by the study are: Increased customer mobility between regions and countries; The impact of information technology; Societal value changes; Sustainable development as an important driving force; Structure of the utility industry. Diversifying into new services. New players; Access to knowledge and competence; Ways for handling the greenhouse gas problem; Preparedness for nuclear power phase-out. 12 figs, 6 tabs

  3. Stock and option portfolio using fuzzy logic approach

    Science.gov (United States)

    Sumarti, Novriana; Wahyudi, Nanang

    2014-03-01

    Fuzzy Logic in decision-making process has been widely implemented in various problems in industries. It is the theory of imprecision and uncertainty that was not based on probability theory. Fuzzy Logic adds values of degree between absolute true and absolute false. It starts with and builds on a set of human language rules supplied by the user. The fuzzy systems convert these rules to their mathematical equivalents. This could simplify the job of the system designer and the computer, and results in much more accurate representations of the way systems behave in the real world. In this paper we examine the decision making process of stock and option trading by the usage of MACD (Moving Average Convergence Divergence) technical analysis and Option Pricing with Fuzzy Logic approach. MACD technical analysis is for the prediction of the trends of underlying stock prices, such as bearish (going downward), bullish (going upward), and sideways. By using Fuzzy C-Means technique and Mamdani Fuzzy Inference System, we define the decision output where the value of MACD is high then decision is "Strong Sell", and the value of MACD is Low then the decision is "Strong Buy". We also implement the fuzzification of the Black-Scholes option-pricing formula. The stock and options methods are implemented on a portfolio of one stock and its options. Even though the values of input data, such as interest rates, stock price and its volatility, cannot be obtain accurately, these fuzzy methods can give a belief degree of the calculated the Black-Scholes formula so we can make the decision on option trading. The results show the good capability of the methods in the prediction of stock price trends. The performance of the simulated portfolio for a particular period of time also shows good return.

  4. Crisis and Crisis Scenarios

    DEFF Research Database (Denmark)

    Larsen, Øjvind

    2016-01-01

    This special issue of Nordicum-Mediterraneum contains select proceedings from the third meeting of the Nordic Summer University research circle called “Crisis and Crisis Scenarios: Normativity, Possibilities and Dilemmas”, held April 9th — 12th, 2015 at the Lysebu Conference Centre in Oslo, Norway....... The circle’s research program runs from 2014 to 2016 and is aimed at examining the concept of crisis as it is used today in academia and public discussion. In this collection of papers from the symposium we present some of the different ways in which the topic of the study group was addressed....

  5. Outlook of the world steel cycle based on the stock and flow dynamics.

    Science.gov (United States)

    Hatayama, Hiroki; Daigo, Ichiro; Matsuno, Yasunari; Adachi, Yoshihiro

    2010-08-15

    We present a comprehensive analysis of steel use in the future compiled using dynamic material flow analysis (MFA). A dynamic MFA for 42 countries depicted the global in-use stock and flow up to the end of 2005. On the basis of the transition of steel stock for 2005, the growth of future steel stock was then estimated considering the economic growth for every country. Future steel demand was estimated using dynamic analysis under the new concept of "stocks drive flows". The significant results follow. World steel stock reached 12.7 billion t in 2005, and has doubled in the last 25 years. The world stock in 2005 mainly consisted of construction (60%) and vehicles (10%). Stock in these end uses will reach 55 billion t in 2050, driven by a 10-fold increase in Asia. Steel demand will reach 1.8 billion t in 2025, then slightly decrease, and rise again by replacement of buildings. The forecast of demand clearly represents the industrial shift; at first the increase is dominated by construction, and then, after 2025, demand for construction decreases and demand for vehicles increases instead. This study thus provides the dynamic mechanism of steel stock and flow toward the future, which contributes to the design of sustainable steel use.

  6. Price Earnings Ratio and Stock Return Analysis (Evidence from Liquidity 45 Stocks Listed in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Liem Pei Fun

    2012-01-01

    Full Text Available Price to Earnings Ratio (PE Ratio has been broadly used by analysts and investors for stock selection. Stocks with low PE ratio are perceived as having cheaper current price hence expected to generate higher return in subsequent period. This paper aims to examine predictability of stock return using PE Ratio based on historical relationship between PE Ratio and subsequent stock return. Particularly, it seeks to find whether stocks with high PE Ratio followed by low stocks return and on the contrary, stocks with low PE Ratio followed by high stocks return. Using stocks which are included as member of Liquidity 45 and observation period 2005-2010 as samples, results show that there is significance difference between low PE and high PE portfolio stock return in short term (holding period of 6 months but there is no significance difference between both portfolio stock return if they are hold for one, two, three, and four years. This research also finds that there is no significant relationship between stock return and (trailing PE Ratio which suggests that (trailing PE Ratio is not useful in estimating both short term and long term stock returns

  7. Do Earthquakes Shake Stock Markets?

    Science.gov (United States)

    Ferreira, Susana; Karali, Berna

    2015-01-01

    This paper examines how major earthquakes affected the returns and volatility of aggregate stock market indices in thirty-five financial markets over the last twenty years. Results show that global financial markets are resilient to shocks caused by earthquakes even if these are domestic. Our analysis reveals that, in a few instances, some macroeconomic variables and earthquake characteristics (gross domestic product per capita, trade openness, bilateral trade flows, earthquake magnitude, a tsunami indicator, distance to the epicenter, and number of fatalities) mediate the impact of earthquakes on stock market returns, resulting in a zero net effect. However, the influence of these variables is market-specific, indicating no systematic pattern across global capital markets. Results also demonstrate that stock market volatility is unaffected by earthquakes, except for Japan.

  8. Making use of scenarios : supporting scenario use in product design

    NARCIS (Netherlands)

    Anggreeni, Irene

    2010-01-01

    The discipline of Scenario-Based Product Design (SBPD) guides the use of scenarios in a product design process. As concrete narratives, scenarios could facilitate making explicit how users would use the designed product in their activities, allowing usability studies to be an integrated part of the

  9. Stock price prediction using geometric Brownian motion

    Science.gov (United States)

    Farida Agustini, W.; Restu Affianti, Ika; Putri, Endah RM

    2018-03-01

    Geometric Brownian motion is a mathematical model for predicting the future price of stock. The phase that done before stock price prediction is determine stock expected price formulation and determine the confidence level of 95%. On stock price prediction using geometric Brownian Motion model, the algorithm starts from calculating the value of return, followed by estimating value of volatility and drift, obtain the stock price forecast, calculating the forecast MAPE, calculating the stock expected price and calculating the confidence level of 95%. Based on the research, the output analysis shows that geometric Brownian motion model is the prediction technique with high rate of accuracy. It is proven with forecast MAPE value ≤ 20%.

  10. Biomass Scenario Model Documentation: Data and References

    Energy Technology Data Exchange (ETDEWEB)

    Lin, Y.; Newes, E.; Bush, B.; Peterson, S.; Stright, D.

    2013-05-01

    The Biomass Scenario Model (BSM) is a system dynamics model that represents the entire biomass-to-biofuels supply chain, from feedstock to fuel use. The BSM is a complex model that has been used for extensive analyses; the model and its results can be better understood if input data used for initialization and calibration are well-characterized. It has been carefully validated and calibrated against the available data, with data gaps filled in using expert opinion and internally consistent assumed values. Most of the main data sources that feed into the model are recognized as baseline values by the industry. This report documents data sources and references in Version 2 of the BSM (BSM2), which only contains the ethanol pathway, although subsequent versions of the BSM contain multiple conversion pathways. The BSM2 contains over 12,000 total input values, with 506 distinct variables. Many of the variables are opportunities for the user to define scenarios, while others are simply used to initialize a stock, such as the initial number of biorefineries. However, around 35% of the distinct variables are defined by external sources, such as models or reports. The focus of this report is to provide insight into which sources are most influential in each area of the supply chain.

  11. ILC Operating Scenarios

    Energy Technology Data Exchange (ETDEWEB)

    Barklow, T.; Brau, J.; Fujii, K.; Gao, J.; List, J.; Walker, N.; Yokoya, K.; Collaboration: ILC Parameters Joint Working Group

    2015-06-15

    The ILC Technical Design Report documents the design for the construction of a linear collider which can be operated at energies up to 500 GeV. This report summarizes the outcome of a study of possible running scenarios, including a realistic estimate of the real time accumulation of integrated luminosity based on ramp-up and upgrade processes. The evolution of the physics outcomes is emphasized, including running initially at 500 GeV, then at 350 GeV and 250 GeV. The running scenarios have been chosen to optimize the Higgs precision measurements and top physics while searching for evidence for signals beyond the standard model, including dark matter. In addition to the certain precision physics on the Higgs and top that is the main focus of this study, there are scientific motivations that indicate the possibility for discoveries of new particles in the upcoming operations of the LHC or the early operation of the ILC. Follow-up studies of such discoveries could alter the plan for the centre-of-mass collision energy of the ILC and expand the scientific impact of the ILC physics program. It is envisioned that a decision on a possible energy upgrade would be taken near the end of the twenty year period considered in this report.

  12. Erosion scenarios for Wellenberg

    International Nuclear Information System (INIS)

    Klemenz, W.

    1993-09-01

    The proposed Wellenberg site for a radioactive waste repository is located between Altzellen in the Engelberger valley and the Oberrickenbach valley, in a thick Valanginian marl series. The marl is generally overlaid with unconsolidated rocks but reaches to the surface in some places. In contrast to the situation in the Oberbauenstock region this marl complex is not protected by an overlying erosion resistant series and exhibits a marked relief. The question therefore arises with respect to the Wellenberg site, to what extent will the marl (i.e. the repository host rock formation) be removed by erosion processes during the 100,000 years interval under consideration and what overburden will remain at the end of this period. This report presents the results of an investigation of the longterm behaviour of the proposed site in respect of those processes of erosion and deposition which can lead to changes in the terrain surface and its location relative to the repository. A wide range of possible scenarios encompassing different developments of climatic conditions during the 100,000 year period of interest, was investigated. In addition to the continuation of the present climate and the occurrence of a new ice age on the scale of the Wuerm glaciation the consequences of altered climatic conditions on erosion removal of the repository overburden were considered. Within the 100,000 year period of interest none of the scenarios considered leads to the exposure of the repository. (author) figs., tabs, refs

  13. UK adaptation strategy and technical measures: the impacts of climate change on buildings

    International Nuclear Information System (INIS)

    Sanders, C.H.; Phillipson, M.C.

    2003-01-01

    This paper discusses the importance of climate change for the UK building stock and reviews the predictions of the United Kingdom Climate Impacts Programme 2002 (UKCIP02) scenarios for the future climate that are of relevance to buildings and construction. The possible impacts of these changes on flooding, wind damage, driving rain impact, subsidence and the internal environment of buildings are reviewed and the steps that might be taken to mitigate these impacts discussed. The current response of regulators, standardisation bodies, building owners and the insurance industry to these impacts is examined, and it is shown that each body acts in different ways to different impacts. Some bodies, such as government departments responsible for building regulations and the insurance industry, are taking the possibility of climate change very seriously. However, the uncertainty of future climate predictions, especially as regards wind speed, means that it is not easy to incorporate these issues in formal legislation. The whole culture of standardisation, which is based on well-established data, such as mean climate data over the last 30 years, makes it difficult for British and European Standards, which underpin regulations, to react to the changing climate. (author)

  14. Potential increases in natural disturbance rates could offset forest management impacts on ecosystem carbon stocks

    Science.gov (United States)

    Bradford, John B.; Jensen, Nicholas R.; Domke, Grant M.; D’Amato, Anthony W.

    2013-01-01

    Forested ecosystems contain the majority of the world’s terrestrial carbon, and forest management has implications for regional and global carbon cycling. Carbon stored in forests changes with stand age and is affected by natural disturbance and timber harvesting. We examined how harvesting and disturbance interact to influence forest carbon stocks over the Superior National Forest, in northern Minnesota. Forest inventory data from the USDA Forest Service, Forest Inventory and Analysis program were used to characterize current forest age structure and quantify the relationship between age and carbon stocks for eight forest types. Using these findings, we simulated the impact of alternative management scenarios and natural disturbance rates on forest-wide terrestrial carbon stocks over a 100-year horizon. Under low natural mortality, forest-wide total ecosystem carbon stocks increased when 0% or 40% of planned harvests were implemented; however, the majority of forest-wide carbon stocks decreased with greater harvest levels and elevated disturbance rates. Our results suggest that natural disturbance has the potential to exert stronger influence on forest carbon stocks than timber harvesting activities and that maintaining carbon stocks over the long-term may prove difficult if disturbance frequency increases in response to climate change.

  15. How effective is mandatory building energy disclosure program in Australia?

    Science.gov (United States)

    Kim, S.; Lim, B. T. H.

    2018-04-01

    Mandatory green building regulations are often considered as the most effective tool to promote better energy efficiency and environmental protection. Nevertheless, its effectiveness compared to the voluntary counterpart has not been fully explored yet. In addressing this gap, this study aims to examine the environmental performance of green building stocks affected by the Australian mandatory building energy disclosure program. To this, this study analysed energy savings and carbon reduction efficiencies using the normalisation approach. The result shows that mandatory energy disclosure program did contribute to the reduction in energy usage and carbon emissions from the affected building stocks. More specifically, affected green building stocks showed a good efficiency especially in carbon reductions. The research results inform policymakers the possible improvement required for the mandatory disclosure program to increase the effectiveness towards dealing with the contemporary environmental issues aroused from the building sector, especially in energy savings perspective.

  16. The Dutch sustainable building policy: A model for developing countries?

    Energy Technology Data Exchange (ETDEWEB)

    Melchert, Luciana [Faculty of Architecture and Urbanism, University of Sao Paulo, Rua do Lago, 876, CEP 05508.900, Sao Paulo SP (Brazil)

    2007-02-15

    This article explores the institutionalization of environmental policies in the Dutch building sector and the applicability of the current model to developing countries. First, it analyzes the transition of sustainable building practices in the Netherlands from the 1970s until today, exploring how these were originally embedded in a discourse on 'de-modernization', which attempted to improve the environmental performance of building stocks by means of self-sufficient technologies, whereas nowadays they adopt a framework of 'ecological modernization', with integrative approaches seeking to improve the environmental performance of building stocks through more efficient-rather than self-sufficient-technologies. The study subsequently shows how the current Dutch sustainable building framework has thereby managed to achieve a pragmatic and widely accepted rationale, which can serve to orient the ecological restructuring of building stocks in developing countries. (author)

  17. Buildings Interoperability Landscape

    Energy Technology Data Exchange (ETDEWEB)

    Hardin, Dave [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Stephan, Eric G. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Wang, Weimin [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Corbin, Charles D. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States); Widergren, Steven E. [Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

    2015-12-31

    Through its Building Technologies Office (BTO), the United States Department of Energy’s Office of Energy Efficiency and Renewable Energy (DOE-EERE) is sponsoring an effort to advance interoperability for the integration of intelligent buildings equipment and automation systems, understanding the importance of integration frameworks and product ecosystems to this cause. This is important to BTO’s mission to enhance energy efficiency and save energy for economic and environmental purposes. For connected buildings ecosystems of products and services from various manufacturers to flourish, the ICT aspects of the equipment need to integrate and operate simply and reliably. Within the concepts of interoperability lie the specification, development, and certification of equipment with standards-based interfaces that connect and work. Beyond this, a healthy community of stakeholders that contribute to and use interoperability work products must be developed. On May 1, 2014, the DOE convened a technical meeting to take stock of the current state of interoperability of connected equipment and systems in buildings. Several insights from that meeting helped facilitate a draft description of the landscape of interoperability for connected buildings, which focuses mainly on small and medium commercial buildings. This document revises the February 2015 landscape document to address reviewer comments, incorporate important insights from the Buildings Interoperability Vision technical meeting, and capture thoughts from that meeting about the topics to be addressed in a buildings interoperability vision. In particular, greater attention is paid to the state of information modeling in buildings and the great potential for near-term benefits in this area from progress and community alignment.

  18. 40 Years of Shell Scenarios

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-02-15

    Shell has been using scenario planning for four decades. During that time these scenarios have helped the company and governments across the world to make better strategic choices. Scenarios provide lenses that help see future prospects more clearly, make richer judgments and be more sensitive to uncertainties. Discover how the Shell Scenarios team has helped guide decision makers at major moments in history and get a peek at the team future focus, including the intricate relationship between energy, water and food.

  19. Transportation energy scenario analysis technical report No. 1: examination of four existing scenarios. [Projections for 1985, 1995, 2010, and 2025

    Energy Technology Data Exchange (ETDEWEB)

    Bernard, M. J.; LaBelle, S. J.; Millar, M.; Walbridge, E. W.

    1978-03-01

    This project aims to provide the DOE Division of Transportation Energy Conservation (TEC) with a long-range forecasting framework in which to evaluate potential changes to the U.S. Transportation system. This initial report examines four existing, but diverse, 50-year scenarios of the future. It describes the scenarios and summarizes the changes in the major transportation system variables that would occur through the year 2025 in each scenario. Projections of variables of interest to TEC are explored, including passenger or ton miles and energy consumption. Each is reported for 1985, 1995, 2010, and 2025 under four scenarios: success, moderate economic growth, energy crisis, and transformation. The philosophy of this project is that the transportation system must support future lifestyles; by examining potential future lifestyles the required transportation system changes can be deduced. The project: (a) develops a set of scenarios that span likely futures; (b) describes the lifestyles in each scenario in order; (c) determines the characteristics of the transportation system supporting those lifestyles; (d) indicates transportation technologies and policies necessary in that system; and (e) derives the energy characteristics of that system. The implications of the four existing scenarios are examined with emphasis on current TEC electric-vehicle development. This preliminary investigation will be followed by detailed-scenario building (modifying existing scenarios or developing new ones) and generation of lifestyles and transportation system demands under each of the scenarios. This work will be reported in October 1978.

  20. Engaging Personas and Narrative Scenarios

    DEFF Research Database (Denmark)

    Nielsen, Lene

    2004-01-01

    design ideas. The concept of engaging personas and narrative scenario explores personas in the light of what what it is to identify with and have empathy with a character. The concept of narrative scenarios views the narrative as aid for exploration of design ideas. Both concepts incorporate...... a distinktion between creating, writing and reading. Keywords: personas, scenarios, user-centered design, HCI...

  1. Biomass Scenario Model Scenario Library: Definitions, Construction, and Description

    Energy Technology Data Exchange (ETDEWEB)

    Inman, D.; Vimmerstedt, L.; Bush, B.; Peterson, S.

    2014-04-01

    Understanding the development of the biofuels industry in the United States is important to policymakers and industry. The Biomass Scenario Model (BSM) is a system dynamics model of the biomass-to-biofuels system that can be used to explore policy effects on biofuels development. Because of the complexity of the model, as well as the wide range of possible future conditions that affect biofuels industry development, we have not developed a single reference case but instead developed a set of specific scenarios that provide various contexts for our analyses. The purpose of this report is to describe the scenarios that comprise the BSM scenario library. At present, we have the following policy-focused scenarios in our library: minimal policies, ethanol-focused policies, equal access to policies, output-focused policies, technological diversity focused, and the point-of-production- focused. This report describes each scenario, its policy settings, and general insights gained through use of the scenarios in analytic studies.

  2. Scenario development methodologies

    International Nuclear Information System (INIS)

    Eng, T.; Hudson, J.; Stephansson, O.

    1994-11-01

    In the period 1981-1994, SKB has studied several methodologies to systematize and visualize all the features, events and processes (FEPs) that can influence a repository for radioactive waste in the future. All the work performed is based on the terminology and basic findings in the joint SKI/SKB work on scenario development presented in the SKB Technical Report 89-35. The methodologies studied are a) Event tree analysis, b) Influence diagrams and c) Rock Engineering Systems (RES) matrices. Each one of the methodologies is explained in this report as well as examples of applications. One chapter is devoted to a comparison between the two most promising methodologies, namely: Influence diagrams and the RES methodology. In conclusion a combination of parts of the Influence diagram and the RES methodology is likely to be a promising approach. 26 refs

  3. Stock Market Expectations of Dutch Households.

    Science.gov (United States)

    Hurd, Michael; van Rooij, Maarten; Winter, Joachim

    2011-04-01

    Despite its importance for the analysis of life-cycle behavior and, in particular, retirement planning, stock ownership by private households is poorly understood. Among other approaches to investigate this puzzle, recent research has started to elicit private households' expectations of stock market returns. This paper reports findings from a study that collected data over a two-year period both on households' stock market expectations (subjective probabilities of gains or losses) and on whether they own stocks. We document substantial heterogeneity in financial market expectations. Expectations are correlated with stock ownership. Over the two years of our data, stock market prices increased, and expectations of future stock market price changes also increased, lending support to the view that expectations are influenced by recent stock gains or losses.

  4. THE INFLUENCE OF DIFFERENT STOCKING DENSITIES AND ...

    African Journals Online (AJOL)

    Helet Lambrechts

    stocking densities will have a possible inhibitory effect on the establishment of ... Keywords: Ostriches, stocking density, male:female ratio, reproductive performance .... Eggs were stored upright with the air cell in the uppermost position.

  5. Oil risk in oil stocks

    NARCIS (Netherlands)

    Scholtens, Bert; Wang, L

    2008-01-01

    We assess the oil price sensitivities and oil risk premiums of NYSE listed oil & gas firms' returns by using a two-step regression analysis under two different arbitrage pricing models. Thus, we apply the Fama and French (1992) factor returns in a study of oil stocks. In all, we find that the return

  6. Behavioral heterogeneity in stock prices

    NARCIS (Netherlands)

    Boswijk, H.P.; Hommes, C.H.; Manzan, S.

    2007-01-01

    We estimate a dynamic asset pricing model characterized by heterogeneous boundedly rational agents. The fundamental value of the risky asset is publicly available to all agents, but they have different beliefs about the persistence of deviations of stock prices from the fundamental benchmark. An

  7. Solow Residuals Without Capital Stocks

    DEFF Research Database (Denmark)

    Burda, Michael C.; Severgnini, Battista

    2014-01-01

    We use synthetic data generated by a prototypical stochastic growth model to assess the accuracy of the Solow residual (Solow, 1957) as a measure of total factor productivity (TFP) growth when the capital stock in use is measured with error. We propose two alternative measurements based on curren...

  8. Dispositional optimism and stock investments

    NARCIS (Netherlands)

    Angelini, Viola; Cavapozzi, D.

    This paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged

  9. Stock option repricing in Europe

    NARCIS (Netherlands)

    Sauer, M.; Sautner, Z.

    2008-01-01

    This paper investigates the link between option repricing, firm performance and corporate governance in Europe. Our sample consists of 77 European firms that repriced their stock option between 1987 and 2003. We document that option repricing is mainly a phenomenon for young and fast growing firms

  10. Global geothermal energy scenario

    International Nuclear Information System (INIS)

    Singh, S.K.; Singh, A.; Pandey, G.N.

    1993-01-01

    To resolve the energy crisis efforts have been made in exploring and utilizing nonconventional energy resources since last few decades. Geothermal energy is one such energy resource. Fossil fuels are the earth's energy capital like money deposited in bank years ago. The energy to build this energy came mainly from the sun. Steam geysers and hot water springs are other manifestations of geothermal energy. Most of the 17 countries that today harness geothermal energy have simply tapped such resources where they occur. (author). 8 refs., 4 tabs., 1 fig

  11. Ariane transfer vehicle scenario

    Science.gov (United States)

    Deutscher, Norbert; Cougnet, Claude

    1990-10-01

    ESA's Ariane Transfer Vehicle (ATV) is a vehicle design concept for the transfer of payloads from Ariane 5 launch vehicle orbit insertion to a space station, on the basis of the Ariane 5 program-developed Upper Stage Propulsion Module and Vehicle Equipment Bay. The ATV is conceived as a complement to the Hermes manned vehicle for lower cost unmanned carriage of logistics modules and other large structural elements, as well as waste disposal. It is also anticipated that the ATV will have an essential role in the building block transportation logistics of any prospective European space station.

  12. Validating Virtual Safety Stock Effectiveness through Simulation

    Directory of Open Access Journals (Sweden)

    Maria Elena Nenni

    2013-08-01

    safety stock effectiveness through simulation in an inventory system using a base stock policy with periodic reviews and backorders. This approach can be useful for researchers as well as practitioners who want to model the behaviour of an inventory system under uncertain conditions and verify the opportunity for setting up a virtual safety stock on top of, or instead of, the traditional physical safety stock.

  13. Scenarios for the Strategic Planning of Technologies

    Directory of Open Access Journals (Sweden)

    Volker Grienitz

    2007-09-01

    Full Text Available Manufacturing based corporations often find themselves confronted with complexities of increased pressures to innovate in order to ensure their comparative market positions. In order to react to various exogenous changes corporations need to develop strategies that match their manufacturing resources as well as products with the markets requirements. Technology scenarios represent a holistic approach for managing innovation processes and technologies efficiently. A multidimensional requirement catalogue for specific product- market- combinations represents the fundamental building block for the ranking of particular material- components and technologies. The following analysis through evolutionary algorithms for compatibility between and amongst them provides the necessary information about their suitability. The resulting scenarios and roadmap and a regular monitoring process are prerequisite for the managerial decision making process and the implementation technology strategies.

  14. Rethinking the role of scenarios: Participatory scripting of low-carbon scenarios for France

    International Nuclear Information System (INIS)

    Mathy, Sandrine; Fink, Meike; Bibas, Ruben

    2015-01-01

    This article considers the usefulness of low-carbon scenarios in public decision-making. They may be useful as a product-oriented trajectory. The scenarios on the agenda of the 2013 Energy Debate in France belong to this category. But a scenario may also be process-oriented, in the sense that its scripting process helps build consensus and a minimum level of agreement. We have scripted scenarios using a codevelopment method, involving about 40 stakeholders from the private and public sectors, and from the state: NGOs, consumer groups, trade unions, banks and local authorities. They selected policies they considered acceptable for achieving 75% greenhouse gases emission reductions in 2050. These policies were then integrated in the Imaclim-R-France technico-economic simulation model, as part of a high or moderate acceptability scenario. In the first case emissions were cut by between 58% and 72% by 2050; in the second case by between 68% and 81%, depending on the energy price assumptions. All these measures benefited jobs and economic growth, swiftly and durably cutting household spending on energy services. This offers a solid basis for gaining acceptability for low carbon trajectories; the process constitutes also a framework for consolidating collective learning centering on the acceptability of climate policies. - Highlights: • The article develops a ‘process-oriented’ low carbon scenario for France. • Stakeholders define a set of sectoral and fiscal ‘acceptable’ climate policies. • These policies are integrated within a technico-economic model Imaclim-R-France. • Economic impacts and CO 2 emission reductions are computed. •The co-development methodology favors joint production of solutions and shared vision-building

  15. Carbon-constrained scenarios. Final report

    International Nuclear Information System (INIS)

    2009-05-01

    This report provides the results of the study entitled 'Carbon-Constrained Scenarios' that was funded by FONDDRI from 2004 to 2008. The study was achieved in four steps: (i) Investigating the stakes of a strong carbon constraint for the industries participating in the study, not only looking at the internal decarbonization potential of each industry but also exploring the potential shifts of the demand for industrial products. (ii) Developing an hybrid modelling platform based on a tight dialog between the sectoral energy model POLES and the macro-economic model IMACLIM-R, in order to achieve a consistent assessment of the consequences of an economy-wide carbon constraint on energy-intensive industrial sectors, while taking into account technical constraints, barriers to the deployment of new technologies and general economic equilibrium effects. (iii) Producing several scenarios up to 2050 with different sets of hypotheses concerning the driving factors for emissions - in particular the development styles. (iv) Establishing an iterative dialog between researchers and industry representatives on the results of the scenarios so as to improve them, but also to facilitate the understanding and the appropriate use of these results by the industrial partners. This report provides the results of the different scenarios computed in the course of the project. It is a partial synthesis of the work that has been accomplished and of the numerous exchanges that this study has induced between modellers and stakeholders. The first part was written in April 2007 and describes the first reference scenario and the first mitigation scenario designed to achieve stabilization at 450 ppm CO 2 at the end of the 21. century. This scenario has been called 'mimetic' because it has been build on the assumption that the ambitious climate policy would coexist with a progressive convergence of development paths toward the current paradigm of industrialized countries: urban sprawl, general

  16. Stock-market efficiency in thin-trading markets : the case of the Vietnamese stock market

    NARCIS (Netherlands)

    Truong Dong Loc, [No Value; Lanjouw, Ger; Lensink, Robert

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  17. Stock Market Efficiency in Thin Trading Markets: The Case of the Vietnamese Stock Market

    NARCIS (Netherlands)

    Dong Loc, T.; Lanjouw, G.; Lensink, B.W.

    2010-01-01

    This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article

  18. Scenario planning and nanotechnological futures

    International Nuclear Information System (INIS)

    Farber, Darryl; Lakhtakia, Akhlesh

    2009-01-01

    Scenario planning may assist us in harnessing the benefits of nanotechnology and managing the associated risks for the good of the society. Scenario planning is a way to describe the present state of the world and develop several hypotheses about the future of the world, thereby enabling discussions about how the world ought to be. Scenario planning thus is not only a tool for learning and foresight, but also for leadership. Informed decision making by experts and political leaders becomes possible, while simultaneously allaying the public's perception of the risks of new and emerging technologies such as nanotechnology. Two scenarios of the societal impact of nanotechnology are the mixed-signals scenario and the confluence scenario. Technoscientists have major roles to play in both scenarios.

  19. Strategic Scenario Construction Made Easy

    DEFF Research Database (Denmark)

    Duus, Henrik Johannsen

    2016-01-01

    insights from the area of strategic forecasting (of which scenario planning is a proper subset) and experiences gained from a recent course in that area to develop a simpler, more direct, hands-on method for scenario construction and to provide several ideas for scenario construction that can be used......Scenario planning is a well-known way to develop corporate strategy by creating multiple images of alternative futures. Yet although scenario planning grew from very hands-on strategy development efforts in the military and from operations research dedicated to solving practical problems, the use...... of scenarios in business has, in many cases, remained a cumbersome affair. Very often a large group of consultants, employees and staff is involved in the development of scenarios and strategies, thus making the whole process expensive in terms of time, money and human resources. In response, this article uses...

  20. Students Invest in the Stock Market

    Science.gov (United States)

    Parker, George O.

    1977-01-01

    How one teacher motivated students to learn about the stock market by allowing them to actually invest money. Class discussion covered inexpensive ways to buy stock, choosing securities, and buying and selling stock. Suggestions are offered for adapting this project for use at the secondary level. (TA)

  1. Stochastic GARCH dynamics describing correlations between stocks

    Science.gov (United States)

    Prat-Ortega, G.; Savel'ev, S. E.

    2014-09-01

    The ARCH and GARCH processes have been successfully used for modelling price dynamics such as stock returns or foreign exchange rates. Analysing the long range correlations between stocks, we propose a model, based on the GARCH process, which is able to describe the main characteristics of the stock price correlations, including the mean, variance, probability density distribution and the noise spectrum.

  2. Maintenance Appointments in Railway Rolling Stock Rescheduling

    NARCIS (Netherlands)

    J.C. Wagenaar (Joris); L.G. Kroon (Leo); M.E. Schmidt (Marie)

    2016-01-01

    textabstractThis paper addresses the Rolling Stock Rescheduling Problem (RSRP), while taking maintenance appointments into account. After a disruption, the rolling stock of the disrupted passenger trains has to be rescheduled in order to restore a feasible rolling stock circulation. Usually, a

  3. On the Design of Artificial Stock Markets

    NARCIS (Netherlands)

    K. Boer-Sorban (Katalin); A. de Bruin (Arie); U. Kaymak (Uzay)

    2005-01-01

    textabstractArtificial stock markets are designed with the aim to study and understand market dynamics by representing (part of) real stock markets. Since there is a large variety of real stock markets with several partially observable elements and hidden processes, artificial markets differ

  4. Are Stock and Corporate Bond Markets Integrated?

    NARCIS (Netherlands)

    van Zundert, J.; Driessen, Joost

    2017-01-01

    This study explores the cross-sectional integration of stock and corporate bond markets by comparing a firm’s expected stock return, as implied by corporate bond spreads, to its realized stock return. We compute expected corporate bond returns by correcting credit spreads for expected losses due to

  5. Stock market dynamics created by interacting agents

    Directory of Open Access Journals (Sweden)

    Mohamed Riad Remita

    2006-01-01

    Full Text Available We study a stock market model, consisting in a large number of agents, going eventually to infinity, and evaluate the stock price under the influence of opinions of different agents. Next we study the behavior of prices when the market is very nervous; there appear discontinuities (phase transitions which can be interpreted as stock market crashes.

  6. Analysis of Naval Ammunition Stock Positioning

    Science.gov (United States)

    2015-12-01

    not manipulated to be in favor of any system based on the assumption that stock positioned closer to demand would result in more favorable delivery...NAVAL POSTGRADUATE SCHOOL MONTEREY, CALIFORNIA MBA PROFESSIONAL REPORT ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING...professional report 4. TITLE AND SUBTITLE ANALYSIS OF NAVAL AMMUNITION STOCK POSITIONING 5. FUNDING NUMBERS 6. AUTHOR(S) David Sharp and Eric

  7. 12 CFR 725.5 - Capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Capital stock. 725.5 Section 725.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION CENTRAL LIQUIDITY FACILITY § 725.5 Capital stock. (a) The capital stock of the Facility is divided...

  8. Stocking chart for upland central hardwoods

    Science.gov (United States)

    Martin E. Dale; Donald E. Hilt

    1989-01-01

    The upland hardwoods stocking chart, introduced by Gingrich in 1967, has become one of the forest manager's most useful tools. The chart allows you to determine the condition of the present stand in relation to a stocking standard. The stocking of a stand is extremely helpful in prescribing various silvicultural treatments such as intermediate thinnings,...

  9. Analysis on the Influence of Stock Index Futures on Chinese Stock Market

    Institute of Scientific and Technical Information of China (English)

    王钊

    2014-01-01

    As the first product of financial futures in China, CSI 300 Stock Index Futures is a symbol of the continual improvement and development of Chinese capital market system. So it would be bound to generate immeasurable influence on Chinese capital market and financial system. Starting from introducing the relevant summaries of stock index futures, this paper analyzes the influence of the stock index futures on the fluctuation in the international stock market;then, it analyzes influence of the stock index futures on the fluctuation in Chinese stock market, in order to propose some suggestions to the policies for developing Chinese stock index futures.

  10. Combined heat and power generation with fuel cells in residential buildings in the future energy system; Kraft-Waerme-Kopplung mit Brennstoffzellen in Wohngebaeuden im zukuenftigen Energiesystem

    Energy Technology Data Exchange (ETDEWEB)

    Jungbluth, C.H.

    2007-04-27

    Combined heat and power generation (CHP) is regarded as one of the cornerstones of a future sustainable energy system. The application of this approach can be substantially extended by employing fuel cell technologies in small units for supplying heat to residential buildings. This could create an additional market for combined heat and power generation corresponding to approx. 25% of the final energy demand in Germany today. In parallel, the extensive application of distributed fuel cell systems in residential buildings would have substantial effects on energy infrastructures, primary energy demand, the energy mix and greenhouse gas emissions. It is the aim of the present study to quantify these effects via scenario modelling of energy demand and supply for Germany up to the year 2050. Two scenarios, reference and ecological commitment, are set up, and the application and operation of fuel cell plants in the future stock of residential buildings is simulated by a bottom-up approach. A model of the building stock was developed for this purpose, consisting of 213 types of reference buildings, as well as detailed simulation models of the plant operation modes. The aim was, furthermore, to identify economically and ecologically optimised plant designs and operation modes for fuel cells in residential buildings. Under the assumed conditions of the energy economy, economically optimised plant sizes for typical one- or two-family homes are in the range of a generating capacity of a few hundred watts of electrical power. Plant sizes of 2 to 4.7 kW{sub el} as discussed today are only economically feasible in multifamily dwellings. The abolition of the CHP bonus reduces profitability, especially for larger plants operated by contractors. In future, special strategies for power generation and supply can be an economically useful addition for the heat-oriented operation mode of fuel cells. On the basis of the assumed conditions of the energy economy, a technical potential for

  11. Summary of student scenarios: 2020 Vision project, fiscal year 1997

    Energy Technology Data Exchange (ETDEWEB)

    Gordon, K.W.; Munoz, A.; Scott, K.P.; Rinne, R.

    1997-11-01

    The Strategic Issues Thinking: 2020 Vision project introduces students and teaches to national security issues through the techniques of scenario building, and engages them in an interactive process of creating scenarios relevant to the Department of Energy, Defense Programs (DOE/DP). Starting with the world as it is today, teams of students develop a series of scenarios on international developments over the next 25 years under various circumstances. This report identifies recurrent themes in the student`s scenarios, lists creative ways the students presented their scenarios, compares and contrasts the program`s FY97 results with FY96 results, identifies the benefits of the program, and offers a glimpse of Sandia`s future plans for the 2020 Vision project.

  12. Environmental indicators for buildings

    DEFF Research Database (Denmark)

    Dammann, S.

    Whenever we shop, the products we consider buying are labelled with the economical price we have to pay if we want to purchase them - an important parameter in our decisions as purchasers. The increrasing awareness for environmental limits and backlashes of human activities also in the building...... sector have fostered the wish to define 'the ecological price' of a building as a help for environmental conscious decision-making. In a social constructivist approach this Ph.D. thesis looks across and beyond the manifold existing approaches for environmental indicators for buildings. It acknowledges...... in the Netherlands. It identifies lines of conflict and areas of consent betweeen the relevant actors and elaborates scenarios for a possible closure of ongoing debate about environmental indicators for buildings....

  13. Stock Market Optimism and Cointegration among Stocks: The Case of the Prague Stock Exchange

    Czech Academy of Sciences Publication Activity Database

    Baxa, Jaromír

    2007-01-01

    Roč. 15, č. 4 (2007), s. 5-16 ISSN 0572-3043 R&D Projects: GA ČR GD402/03/H057 Institutional research plan: CEZ:AV0Z10750506 Keywords : stock market * optimism * cointegration Subject RIV: AH - Economics

  14. Stock Market Manipulation on the Hong Kong Stock Exchange

    Directory of Open Access Journals (Sweden)

    Dionigi Gerace

    2014-10-01

    Full Text Available This study is the first to empirically examine stock market manipulation on the Hong Kong Stock Exchange. The dataset contains 40 cases of market manipulation from 1996 to 2009 that were successfully prosecuted by the Hong Kong Securities & Futures Commission. Manipulation is found to negatively impact market efficiency measures such as the bid-ask spread and volatility. Markets appear incapable of efficiently responding to the presence of manipulators and are characterised by information asymmetry. Manipulators were successfully able to raise prices and exit the market. This finding contradicts views that trade-based manipulation is entirely unprofitable and self-deterring. The victimisation of information-seeking investors and the market as a whole provides a strong rationale for all jurisdictions, including Australia, to have effective laws that prohibit manipulation and for robust enforcement of those laws to further deter market manipulation.

  15. Building Languages

    Science.gov (United States)

    ... Glossary Contact Information Information For… Media Policy Makers Building Languages Recommend on Facebook Tweet Share Compartir Communicating ... any speech and only very loud sounds. Close × “Building Blocks” “Building Blocks” refers to the different skills ...

  16. Modelling energy demand in the buildings sector within the EU

    Energy Technology Data Exchange (ETDEWEB)

    O Broin, Eoin

    2012-11-01

    In the on-going effort within the EU to tackle greenhouse gas emissions and secure future energy supplies, the buildings sector is often referred to as offering a large potential for energy savings. The aim of this thesis is to produce scenarios that highlight the parameters that affect the energy demands and thus potentials for savings of the building sector. Top-down and bottom-up approaches to modelling energy demand in EU buildings are applied in this thesis. The top-down approach uses econometrics to establish the historical contribution of various parameters to energy demands for space and water heating in the residential sectors of four EU countries. The bottom-up approach models the explicit impact of trends in energy efficiency improvement on total energy demand in the EU buildings stock. The two approaches are implemented independently, i.e., the results from the top-down studies do not feed into those from the bottom-up studies or vice versa. The explanatory variables used in the top-down approach are: energy prices; heating degree days, as a proxy for outdoor climate; a linear time trend, as a proxy for technology development; and the lag of energy demand, as a proxy for inertia in the system. In this case, inertia refers to the time it takes to replace space and water heating systems in reaction to price changes. The analysis gives long-term price elasticities of demand as follows: for France, -0.17; for Italy, -0.35; for Sweden, -0.27; and for the UK, -0.35. These results reveal that the price elasticity of demand for space and water heating is inelastic in each of these cases. Nonetheless, scenarios created for the period up to 2050 using these elasticities and an annual price increase of 3 % show that demand can be reduced by more than 1 % per year in France and Sweden and by less than 1 % per year in Italy and the UK. In the bottom-up modelling, varying rates for conversion efficiencies, heating standards for new buildings, end-use efficiency, and

  17. "Price-quakes" shaking the world's stock exchanges.

    Directory of Open Access Journals (Sweden)

    Jørgen Vitting Andersen

    Full Text Available BACKGROUND: Systemic risk has received much more awareness after the excessive risk taking by major financial instituations pushed the world's financial system into what many considered a state of near systemic failure in 2008. The IMF for example in its yearly 2009 Global Financial Stability Report acknowledged the lack of proper tools and research on the topic. Understanding how disruptions can propagate across financial markets is therefore of utmost importance. METHODOLOGY/PRINCIPAL FINDINGS: Here, we use empirical data to show that the world's markets have a non-linear threshold response to events, consistent with the hypothesis that traders exhibit change blindness. Change blindness is the tendency of humans to ignore small changes and to react disproportionately to large events. As we show, this may be responsible for generating cascading events--pricequakes--in the world's markets. We propose a network model of the world's stock exchanges that predicts how an individual stock exchange should be priced in terms of the performance of the global market of exchanges, but with change blindness included in the pricing. The model has a direct correspondence to models of earth tectonic plate movements developed in physics to describe the slip-stick movement of blocks linked via spring forces. CONCLUSIONS/SIGNIFICANCE: We have shown how the price dynamics of the world's stock exchanges follows a dynamics of build-up and release of stress, similar to earthquakes. The nonlinear response allows us to classify price movements of a given stock index as either being generated internally, due to specific economic news for the country in question, or externally, by the ensemble of the world's stock exchanges reacting together like a complex system. The model may provide new insight into the origins and thereby also prevent systemic risks in the global financial network.

  18. "Price-quakes" shaking the world's stock exchanges.

    Science.gov (United States)

    Andersen, Jørgen Vitting; Nowak, Andrzej; Rotundo, Giulia; Parrott, Lael; Martinez, Sebastian

    2011-01-01

    Systemic risk has received much more awareness after the excessive risk taking by major financial instituations pushed the world's financial system into what many considered a state of near systemic failure in 2008. The IMF for example in its yearly 2009 Global Financial Stability Report acknowledged the lack of proper tools and research on the topic. Understanding how disruptions can propagate across financial markets is therefore of utmost importance. Here, we use empirical data to show that the world's markets have a non-linear threshold response to events, consistent with the hypothesis that traders exhibit change blindness. Change blindness is the tendency of humans to ignore small changes and to react disproportionately to large events. As we show, this may be responsible for generating cascading events--pricequakes--in the world's markets. We propose a network model of the world's stock exchanges that predicts how an individual stock exchange should be priced in terms of the performance of the global market of exchanges, but with change blindness included in the pricing. The model has a direct correspondence to models of earth tectonic plate movements developed in physics to describe the slip-stick movement of blocks linked via spring forces. We have shown how the price dynamics of the world's stock exchanges follows a dynamics of build-up and release of stress, similar to earthquakes. The nonlinear response allows us to classify price movements of a given stock index as either being generated internally, due to specific economic news for the country in question, or externally, by the ensemble of the world's stock exchanges reacting together like a complex system. The model may provide new insight into the origins and thereby also prevent systemic risks in the global financial network.

  19. Macroeconomic Scenario Building for Strategic National Defense Planning

    Science.gov (United States)

    2001-12-01

    can be disastrous. The rapid destruction of the hedge fund Long Term Capital Management in the fall of 1998 is a case in point. This fund traded...extensively in derivatives and arbitrage with use of heavy leverage. Their use of computer models developed by the crème of academia, including Nobel...historical norms of arbitrage trading and bond yields broke down. In five weeks the Long Term Capital’s portfolio imploded under the weight of its leverage

  20. Flexible Scenarios to build a Service Oriented Architecture on Demand

    African Journals Online (AJOL)

    pc

    2018-03-22

    Mar 22, 2018 ... technology and business requirements that could be used in a real Enterprise ... Keywords - Service Oriented Architecture, Service Enterprise,. Lego Model, On ... In the recent years, many companies have chosen ... management and more formal approaches through in-depth interviews .... Eng.,12: 74-78.

  1. ResStock - Targeting Energy and Cost Savings for U.S. Homes

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, Eric J [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-09-29

    The ResStock analysis tool is helping states, municipalities, utilities, and manufacturers identify which home upgrades save the most energy and money. Across the country there's a vast diversity in the age, size, construction practices, installed equipment, appliances, and resident behavior of the housing stock, not to mention the range of climates. These variations have hindered the accuracy of predicting savings for existing homes. Researchers at the National Renewable Energy Laboratory (NREL) developed ResStock. It's a versatile tool that takes a new approach to large-scale residential energy analysis by combining: large public and private data sources, statistical sampling, detailed subhourly building simulations, high-performance computing. This combination achieves unprecedented granularity and most importantly - accuracy - in modeling the diversity of the single-family housing stock.

  2. Framework of stock-recovery strategies: analyses of factors affecting success and failure

    DEFF Research Database (Denmark)

    Hammer, Cornelius; Dorrien, Christian von; Hopkins, Christopher C. E.

    2010-01-01

    The EU FP6 UNCOVER project was aimed at producing a rational scientific basis for developing recovery strategies for some ecologically and socio-economically important fish stocks/fisheries in European seas. The immediate objectives were to identify changes experienced during stock depletion...... to the recovery of more than 30 fish stocks/fisheries worldwide by multivariate exploratory analysis (canonical correspondence analysis), followed by model building [discriminant analysis (DA)] to quantify the relative importance of key performance criteria, singly or combined. Using the existing database, DA...... indicated that the four best additive predictors of successful recovery were “rapid reduction in fishing mortality”, “environmental conditions during the recovery period”, “life-history characteristics” of the target stock, and “management performance criteria”. The model classified the status “recovered...

  3. Valuation of common and preferred stocks

    Directory of Open Access Journals (Sweden)

    Nikolić Ljubica

    2014-01-01

    Full Text Available Buying stocks is a modern way of investing. The investors may place the available capital on the domestic and foreign stock market, they may buy more stocks of a single issuer or distribute money to purchase stocks of various public (stock-exchange companies, and they may form a portfolio of various securities. The investors' decisions on these options are based on their estimate on returns and risks underlying individual security instruments (securities. The two basic approaches to valuation of common stocks are: the Present Value Approach (method of valuating the capitalization of income and the P/E Ratio Approach (the method of valuating the multiple of per-share earnings. Instead of viewing these methods as competing alternatives, they should better be viewed as mutually complementary methods. Both methods are equally useful and their concurrent use may provide better grounds for the analysts' valuation of stocks.

  4. GIS-HBIM INTEGRATION FOR THE MANAGEMENT OF HISTORICAL BUILDINGS

    Directory of Open Access Journals (Sweden)

    G. Vacca

    2018-05-01

    Full Text Available As is well known, Italy's very consistent buildings stock has become the major field for real estate investments and for the related projects and actions. It is a heritage that is often barely known and extremely complex, whose management has until now been addressed in a rather casual and uninformed manner, with unsatisfactory and sometimes disastrous outcomes. The situation is worse in the case of buildings of particular historical, artistic and architectural value so frequent within the heritage of our country. This paper shows the findings of an ongoing research which is aimed at structuring the cognitive process and assessing enhancement and re-functionalisation scenarios of our historical and architectural heritage through the use and integration of information systems such as BIM and the GIS. The work led to the development of a workflow able to integrate the contribution of the HBIM and GIS methodologies in the structuring and management of a wide range of digital data and information useful for its management. The research, focused on “La Gran Torre di Oristano, is aimed at creating the best conditions for an integrated and multidisciplinary strategy of requalification and refunctionalisation of historical and architectural heritage.

  5. The changing nutrition scenario.

    Science.gov (United States)

    Gopalan, C

    2013-09-01

    The past seven decades have seen remarkable shifts in the nutritional scenario in India. Even up to the 1950s severe forms of malnutrition such as kwashiorkar and pellagra were endemic. As nutritionists were finding home-grown and common-sense solutions for these widespread problems, the population was burgeoning and food was scarce. The threat of widespread household food insecurity and chronic undernutrition was very real. Then came the Green Revolution. Shortages of food grains disappeared within less than a decade and India became self-sufficient in food grain production. But more insidious problems arising from this revolution were looming, and cropping patterns giving low priority to coarse grains and pulses, and monocropping led to depletion of soil nutrients and 'Green Revolution fatigue'. With improved household food security and better access to health care, clinical manifestations of severe malnutrition virtually disappeared. But the decline in chronic undernutrition and "hidden hunger" from micronutrient deficiencies was slow. On the cusp of the new century, an added factor appeared on the nutritional scene in India. With steady urban migration, upward mobility out of poverty, and an increasingly sedentary lifestyle because of improvements in technology and transport, obesity rates began to increase, resulting in a dual burden. Measured in terms of its performance in meeting its Millennium Development Goals, India has fallen short. Despite its continuing high levels of poverty and illiteracy, India has a huge demographic potential in the form of a young population. This advantage must be leveraged by investing in nutrition education, household access to nutritious diets, sanitary environment and a health-promoting lifestyle. This requires co-operation from all the stakeholders, including governments, non government organizations, scientists and the people at large.

  6. The changing nutrition scenario

    Directory of Open Access Journals (Sweden)

    C Gopalan

    2013-01-01

    Full Text Available The past seven decades have seen remarkable shifts in the nutritional scenario in India. Even up to the 1950s severe forms of malnutrition such as kwashiorkar and pellagra were endemic. As nutritionists were finding home-grown and common-sense solutions for these widespread problems, the population was burgeoning and food was scarce. The threat of widespread household food insecurity and chronic undernutrition was very real. Then came the Green Revolution. Shortages of food grains disappeared within less than a decade and India became self-sufficient in food grain production. But more insidious problems arising from this revolution were looming, and cropping patterns giving low priority to coarse grains and pulses, and monocropping led to depletion of soil nutrients and ′Green Revolution fatigue′. With improved household food security and better access to health care, clinical manifestations of severe malnutrition virtually disappeared. But the decline in chronic undernutrition and "hidden hunger" from micronutrient deficiencies was slow. On the cusp of the new century, an added factor appeared on the nutritional scene in India. With steady urban migration, upward mobility out of poverty, and an increasingly sedentary lifestyle because of improvements in technology and transport, obesity rates began to increase, resulting in a dual burden. Measured in terms of its performance in meeting its Millennium Development Goals, India has fallen short. Despite its continuing high levels of poverty and illiteracy, India has a huge demographic potential in the form of a young population. This advantage must be leveraged by investing in nutrition education, household access to nutritious diets, sanitary environment and a health-promoting lifestyle. This requires co-operation from all the stakeholders, including governments, non government organizations, scientists and the people at large.

  7. Does Employee Stock Ownership Work?

    DEFF Research Database (Denmark)

    Kato, Takao; Miyajima, Hideaki; Owan, Hideo

    studies, we focus on the effects of changes in varying attributes of existing ESO—the effects on the intensive margin. Our fixed effect estimates show that an increase in the strength of the existing ESO plans measured by stake per employee results in statistically significant productivity gains....... Furthermore, such productivity gains are found to lead to profitability gains since wage gains from ESO plans are statistically significant yet rather modest. Our analysis of Tobin's Q suggests that the market tends to view such gains from ESO plans as permanent. We further find that increasing the stake......This paper provides novel evidence on the effects of employee stock ownership (ESO), using new panel data on Japanese ESO plans for a highly representative sample of publicly-traded firms in Japan (covering more than 75% of all firms listed on Tokyo Stock Exchange) over 1989-2013. Unlike most prior...

  8. Lifetime environmental impact of buildings

    CERN Document Server

    Mequignon, Marc

    2014-01-01

    This work discusses the impact of the life of buildings on? sustainable development methods.?The study of the lifespan of the building is used to assess and?manage the environmental impacts associated?with all the stages of a product's life, from raw material extraction?through to repair, maintenance and?? 'end of life' scenarios. While several papers have discussed thegreenhouse gas emissions of buildings,?less research has been done on how these are affected by the lifespan?of the building. This book serves to?highlight the pertinence of this factor and contributes to providing?new ideas on

  9. Italian energy scenarios comparative evaluations

    International Nuclear Information System (INIS)

    Contaldi, Mario

    2005-01-01

    This paper reviews some representative scenarios of the evolution of the Italian primary energy consumption, updated recently. After an overview of the main macroeconomics assumptions the scenario results are cross checked at sectorial level, with a brief discussion of the underlining data and energy intensity trends. The emissions of CO 2 , SO 2 and NO x resulting from the considered scenarios are also reported and discussed [it

  10. Evaluation of otolith shape as a tool for stock discrimination in marine fishes using Baltic Sea cod as a case study

    DEFF Research Database (Denmark)

    Hüssy, Karin; Mosegaard, Henrik; Albertsen, Christoffer Moesgaard

    2016-01-01

    demonstrate theinterplay of environmental, ontogenetic and genetic influences on otolith shape, which complicates theapplication of otolith shape for stock discrimination in mixed-stock scenarios. Rigours genetic validationand further studies on the temporal dynamics of shape formation are necessary.......In the Western Baltic Sea two genetically distinct cod stocks “Eastern Baltic cod” and “Western Balticcod” occur with considerable mixing of stocks. In this study we evaluated the applicability of otolithshape analysis for classification of individuals caught in the mixed stock cod fishery, using...... SNP (singlenucleotide polymorphism) based genetic assignment of otolith shape baselines. We further developeda management aimed approach for mixed stock assignment by robust stochastic baseline selection andposterior bias correction by individual reassignment of the least likely classifications...

  11. Statistical modelling of fish stocks

    DEFF Research Database (Denmark)

    Kvist, Trine

    1999-01-01

    for modelling the dynamics of a fish population is suggested. A new approach is introduced to analyse the sources of variation in age composition data, which is one of the most important sources of information in the cohort based models for estimation of stock abundancies and mortalities. The approach combines...... and it is argued that an approach utilising stochastic differential equations might be advantagous in fish stoch assessments....

  12. Is the stock market efficient?

    Science.gov (United States)

    Malkiel, B G

    1989-03-10

    A stock market is said to be efficient if it accurately reflects all relevant information in determining security prices. Critics have asserted that share prices are far too volatile to be explained by changes in objective economic events-the October 1987 crash being a case in point. Although the evidence is not unambiguous, reports of the death of the efficient market hypothesis appear premature.

  13. Energy scenarios for New Zealand

    Energy Technology Data Exchange (ETDEWEB)

    Harris, G. S.; Ellis, M. J.; Scott, G. C.; Wood, J. R.

    1977-10-15

    Three energy scenarios have been formulated for New Zealand. They concentrate on those aspects of society which have a direct bearing on energy, emphasizing three important issues: major shifts in society's values in relation to material wealth, pollution, and resources. The scenarios make assumptions that certain overall social conditions would prevail so that all decisions of government, the private sector, and individuals would be governed by the requirement to conform to the scenario theme in a way not possible under existing social and political conditions. The 3 scenarios are known as Continuation, Low New Zealand Pollution, and Limited Growth.

  14. Tick size and stock returns

    Science.gov (United States)

    Onnela, Jukka-Pekka; Töyli, Juuso; Kaski, Kimmo

    2009-02-01

    Tick size is an important aspect of the micro-structural level organization of financial markets. It is the smallest institutionally allowed price increment, has a direct bearing on the bid-ask spread, influences the strategy of trading order placement in electronic markets, affects the price formation mechanism, and appears to be related to the long-term memory of volatility clustering. In this paper we investigate the impact of tick size on stock returns. We start with a simple simulation to demonstrate how continuous returns become distorted after confining the price to a discrete grid governed by the tick size. We then move on to a novel experimental set-up that combines decimalization pilot programs and cross-listed stocks in New York and Toronto. This allows us to observe a set of stocks traded simultaneously under two different ticks while holding all security-specific characteristics fixed. We then study the normality of the return distributions and carry out fits to the chosen distribution models. Our empirical findings are somewhat mixed and in some cases appear to challenge the simulation results.

  15. Perspectives on Near ZEB Renovation Projects for Residential Buildings: The Spanish Case

    Directory of Open Access Journals (Sweden)

    Faustino Patiño-Cambeiro

    2016-08-01

    Full Text Available EU regulations are gradually moving towards policies that reduce energy consumption and its environmental impact. To reach this goal, improving energy efficiency in residential buildings is a key action line. The European Parliament adopted the Near Zero-Energy Building (nZEB as the energy efficiency paradigm through Directive 2010/31/EU, but a common technical and legislative framework for energy renovations is yet to be established. In this paper, the nZEB definition by COHERENO was adopted to evaluate several energy renovation packages in a given building, which is also representative of the Spanish building stock. Global costs are calculated for all of them following EPBD prescriptions. Two economic scenarios are analysed: with entirely private funding and with the current public financial incentives, respectively. The results show the divergence between optimum solutions in terms of costs and of minimum CO2 footprint and maximum energy saving. Moreover, in the absence of enough incentives, some inefficient renovations could achieve a global cost close to the optimal cost. The optimum solution both in terms of energy performance and global costs was carried out and described.

  16. Integrated life-cycle assessment of electricity-supply scenarios confirms global environmental benefit of low-carbon technologies.

    Science.gov (United States)

    Hertwich, Edgar G; Gibon, Thomas; Bouman, Evert A; Arvesen, Anders; Suh, Sangwon; Heath, Garvin A; Bergesen, Joseph D; Ramirez, Andrea; Vega, Mabel I; Shi, Lei

    2015-05-19

    Decarbonization of electricity generation can support climate-change mitigation and presents an opportunity to address pollution resulting from fossil-fuel combustion. Generally, renewable technologies require higher initial investments in infrastructure than fossil-based power systems. To assess the tradeoffs of increased up-front emissions and reduced operational emissions, we present, to our knowledge, the first global, integrated life-cycle assessment (LCA) of long-term, wide-scale implementation of electricity generation from renewable sources (i.e., photovoltaic and solar thermal, wind, and hydropower) and of carbon dioxide capture and storage for fossil power generation. We compare emissions causing particulate matter exposure, freshwater ecotoxicity, freshwater eutrophication, and climate change for the climate-change-mitigation (BLUE Map) and business-as-usual (Baseline) scenarios of the International Energy Agency up to 2050. We use a vintage stock model to conduct an LCA of newly installed capacity year-by-year for each region, thus accounting for changes in the energy mix used to manufacture future power plants. Under the Baseline scenario, emissions of air and water pollutants more than double whereas the low-carbon technologies introduced in the BLUE Map scenario allow a doubling of electricity supply while stabilizing or even reducing pollution. Material requirements per unit generation for low-carbon technologies can be higher than for conventional fossil generation: 11-40 times more copper for photovoltaic systems and 6-14 times more iron for wind power plants. However, only two years of current global copper and one year of iron production will suffice to build a low-carbon energy system capable of supplying the world's electricity needs in 2050.

  17. USING UML SCENARIOS IN B2B SYSTEMS

    Directory of Open Access Journals (Sweden)

    A. Jakimi

    2010-05-01

    Full Text Available Scenarios has become a popular technique for requirements elicitation and specification building. Since scenarios capture only partial descriptions of the system behavior, an approach for scenario composition and/or integration is needed to produce more complete specifications. The Unified Modeling Language (UML, which has become a standard notation for object-oriented modeling, provides a suitable framework for scenario acquisition using Use Case diagrams and Sequence or Collaboration diagrams. In this paper, we suggest an algorithmic and tool support for composing and integrating scenarios that are represented in form of sequence diagrams. We suggest four operators (;: sequential operator, ||: concurrent operator, ?: conditional operator and  * :iteration operator to compose a set of scenarios that describe a use case of a given system. In this paper, we suggest also to apply the scenario approach to B2B systems (Business to Business. We propose to develop B2B systems as a three activities process deriving formal specifications and code skeletons from UML scenarios. Activities of this proposed process are generally automatic and are supported by a set of developed algorithms and tools.

  18. Biodiesel scenario in India

    Energy Technology Data Exchange (ETDEWEB)

    Taj, S. [Bangalore Univ., Al-Ameen College, Bangalore (India). Dept. of Chemistry; Prasad, H. [Bangalore Univ., Central College, Bangalore (India). Dept. of Chemistry; Ramesh, N. [Reva College, Bangladore (India); Papavinasam, S. [Natural Resources Canada, Ottawa, ON (Canada). CANMET Materials Technology Lab

    2009-08-15

    This article presented an overview of biodiesel production in India. Biodiesel has gained widespread acceptance in the United States and the European Union as a substitute for diesel. In early 2003, the Indian National Planning Commission launched a program to also foster development of vegetable oil based biofuels in order to address the energy challenges facing India. Approximately 57 per cent of rural Indian households are still not connected to the power grid, and India imports 75 per cent of its total petroleum. The National Planning Commission advocated widespread planting of an inedible, but high-yielding tree-born oilseed known as jatropha curcas that would serve as the primary feedstock for the production of vegetable oil based biofuels. Jatropha and pongamia are widely recognized as the most economically viable and environmentally neutral feedstock options. Both of these tree-borne oilseeds are adaptable to reasonably harsh climatic and growing conditions, enabling them to be cultivated on wastelands that are not currently used in agricultural production. The Commission recommended that 11.2 million hectares of jatropha be cultivated on marginal waste lands which would, over time, replace 20 per cent of total national diesel consumption with biodiesel. Both public and private sector players have begun to act on the Commission's plan. More than a hundred thousand hectares of jatropha have been planted and private firms have begun to build biodiesel processing plants. State-owned petroleum product marketing firms have committed to distributing biodiesel through some existing distribution channels. 8 refs., 6 tabs., 3 figs.

  19. Global socioeconomic carbon stocks in long-lived products 1900–2008

    International Nuclear Information System (INIS)

    Lauk, Christian; Haberl, Helmut; Erb, Karl-Heinz; Gingrich, Simone; Krausmann, Fridolin

    2012-01-01

    A better understanding of the global carbon cycle as well as of climate change mitigation options such as carbon sequestration requires the quantification of natural and socioeconomic stocks and flows of carbon. A so-far under-researched aspect of the global carbon budget is the accumulation of carbon in long-lived products such as buildings and furniture. We present a comprehensive assessment of global socioeconomic carbon stocks and the corresponding in- and outflows during the period 1900–2008. These data allowed calculation of the annual carbon sink in socioeconomic stocks during this period. The study covers the most important socioeconomic carbon fractions, i.e. wood, bitumen, plastic and cereals. Our assessment was mainly based on production and consumption data for plastic, bitumen and wood products and the respective fractions remaining in stocks in any given year. Global socioeconomic carbon stocks were 2.3 GtC in 1900 and increased to 11.5 GtC in 2008. The share of wood in total C stocks fell from 97% in 1900 to 60% in 2008, while the shares of plastic and bitumen increased to 16% and 22%, respectively. The rate of gross carbon sequestration in socioeconomic stocks increased from 17 MtC yr −1 in 1900 to a maximum of 247 MtC yr −1 in 2007, corresponding to 2.2%–3.4% of global fossil-fuel-related carbon emissions. We conclude that while socioeconomic carbon stocks are not negligible, their growth over time is not a major climate change mitigation option and there is an only modest potential to mitigate climate change by the increase of socioeconomic carbon stocks. (letter)

  20. Global socioeconomic carbon stocks in long-lived products 1900-2008

    Science.gov (United States)

    Lauk, Christian; Haberl, Helmut; Erb, Karl-Heinz; Gingrich, Simone; Krausmann, Fridolin

    2012-09-01

    A better understanding of the global carbon cycle as well as of climate change mitigation options such as carbon sequestration requires the quantification of natural and socioeconomic stocks and flows of carbon. A so-far under-researched aspect of the global carbon budget is the accumulation of carbon in long-lived products such as buildings and furniture. We present a comprehensive assessment of global socioeconomic carbon stocks and the corresponding in- and outflows during the period 1900-2008. These data allowed calculation of the annual carbon sink in socioeconomic stocks during this period. The study covers the most important socioeconomic carbon fractions, i.e. wood, bitumen, plastic and cereals. Our assessment was mainly based on production and consumption data for plastic, bitumen and wood products and the respective fractions remaining in stocks in any given year. Global socioeconomic carbon stocks were 2.3 GtC in 1900 and increased to 11.5 GtC in 2008. The share of wood in total C stocks fell from 97% in 1900 to 60% in 2008, while the shares of plastic and bitumen increased to 16% and 22%, respectively. The rate of gross carbon sequestration in socioeconomic stocks increased from 17 MtC yr-1 in 1900 to a maximum of 247 MtC yr-1 in 2007, corresponding to 2.2%-3.4% of global fossil-fuel-related carbon emissions. We conclude that while socioeconomic carbon stocks are not negligible, their growth over time is not a major climate change mitigation option and there is an only modest potential to mitigate climate change by the increase of socioeconomic carbon stocks.

  1. The past and future of food stocks

    International Nuclear Information System (INIS)

    Laio, Francesco; Ridolfi, Luca; D’Odorico, Paolo

    2016-01-01

    Human societies rely on food reserves and the importation of agricultural goods as means to cope with crop failures and associated food shortage. While food trade has been the subject of intensive investigations in recent years, food reserves remain poorly quantified. It is unclear how food stocks are changing and whether they are declining. In this study we use food stock records for 92 products to reconstruct 50 years of aggregated food reserves, expressed in caloric equivalent (kcal), at the regional and global scales. A detailed statistical analysis demonstrates that the overall regional and global per-capita food stocks are stationary, challenging a widespread impression that food reserves are shrinking. We develop a statistically-sound stochastic representation of stock dynamics and take the stock-halving probability as a measure of the natural variability of the process. We find that there is a 20% probability that the global per-capita stocks will be halved by 2050. There are, however, some strong regional differences: Western Europe and the region encompassing North Africa and the Middle East have smaller halving probabilities and smaller per-capita stocks, while North America and Oceania have greater halving probabilities and greater per-capita stocks than the global average. Africa exhibits low per-capita stocks and relatively high probability of stock halving by 2050, which reflects a state of higher food insecurity in this continent. (letter)

  2. Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange

    Directory of Open Access Journals (Sweden)

    Tajus Subqi

    2016-08-01

    Full Text Available This research had analyzed the effect of financial performance and stock beta (systematic risk towards stock price of eight listed companies in Jakarta Islamic Index (JII – LQ 45 for the time period of 2012-2014. The data was gathered by employing literature study and documentation of financial statements. Multiple regressions are used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had positive direction correlation. From partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.   Keywords: financial performance analysis, stock price, stock beta (systematic risk, Jakarta Islamic Index

  3. Scenarios for regional passenger car fleets and their CO2 emissions

    International Nuclear Information System (INIS)

    Meyer, Ina; Kaniovski, Serguei; Scheffran, Jürgen

    2012-01-01

    Passenger car traffic is among the main contributors to anthropogenic greenhouse gas (GHG) emissions, which are responsible for climate change. It is also an important indicator used to forecast these emissions in integrated climate-economic models. This paper develops scenarios for global passenger car stock until 2050. The study adopts a global regionalized approach, encompassing 11 world regions. Car stock projections are obtained using a multi-model approach, which includes a consumer demand model based on utility maximization, a non-linear Gompertz model and a panel estimate of the income elasticity of demand for cars. The main hypothesis underlying these projections is that preferences for purchasing cars are similar across cultures and nations and that the demand for cars is largely determined by disposable income. We apply scenarios for the average traffic volume and fuel efficiency developed in previous work together with the average carbon content of fuels to obtain the CO 2 emissions. - Research highlights: ► This study develops scenarios for global passenger car stock, CO 2 emissions and fuel efficiency until 2050. ► In a global regionalized approach car stock projections are obtained using a multi-model approach. ► Compared are utility maximization, a non-linear Gompertz model and a panel estimate. ► Preferences for purchasing cars are similar across cultures and nations. ► The demand for cars is largely determined by disposable income.

  4. The synchronicity between the stock and the stock index via information in market

    Science.gov (United States)

    Gao, Hai-Ling; Li, Jiang-Cheng; Guo, Wei; Mei, Dong-Cheng

    2018-02-01

    The synchronicity between the stock and the stock-index in a market system is investigated. The results show that: (i) the synchronicity between the stock and the stock-index increases with the rising degree of market information capitalized into stock prices in certain range; (ii) the synchronicity decreases for large firm-specific information; (iii) the stock return synchronicity is small compared to the big noise trading, however the variance noise facilitates the synchronization within the tailored realms. These findings may be helpful in understanding the effect of market information on synchronicity, especially for the response of firm-specific information and noise trading to synchronicity.

  5. Emission trading scheme: market analysis and forecasting scenarios

    International Nuclear Information System (INIS)

    Clo, Stefano

    2006-01-01

    This article offers an economic analysis of the Emission Trading Scheme (ETS) and its institutional framework; we introduce an economic model able to simulate some possible market price's scenarios. The aim of this article is to offer a better market fundamentals' comprehension and to help economic agents building their expectations about market's development [it

  6. Underground infrastructure damage for a Chicago scenario

    Energy Technology Data Exchange (ETDEWEB)

    Dey, Thomas N [Los Alamos National Laboratory; Bos, Rabdall J [Los Alamos National Laboratory

    2011-01-25

    Estimating effects due to an urban IND (improvised nuclear device) on underground structures and underground utilities is a challenging task. Nuclear effects tests performed at the Nevada Test Site (NTS) during the era of nuclear weapons testing provides much information on how underground military structures respond. Transferring this knowledge to answer questions about the urban civilian environment is needed to help plan responses to IND scenarios. Explosions just above the ground surface can only couple a small fraction of the blast energy into an underground shock. The various forms of nuclear radiation have limited penetration into the ground. While the shock transmitted into the ground carries only a small fraction of the blast energy, peak stresses are generally higher and peak ground displacement is lower than in the air blast. While underground military structures are often designed to resist stresses substantially higher than due to the overlying rocks and soils (overburden), civilian structures such as subways and tunnels would generally only need to resist overburden conditions with a suitable safety factor. Just as we expect the buildings themselves to channel and shield air blast above ground, basements and other underground openings as well as changes of geology will channel and shield the underground shock wave. While a weaker shock is expected in an urban environment, small displacements on very close-by faults, and more likely, soils being displaced past building foundations where utility lines enter could readily damaged or disable these services. Immediately near an explosion, the blast can 'liquefy' a saturated soil creating a quicksand-like condition for a period of time. We extrapolate the nuclear effects experience to a Chicago-based scenario. We consider the TARP (Tunnel and Reservoir Project) and subway system and the underground lifeline (electric, gas, water, etc) system and provide guidance for planning this scenario.

  7. Automated Analysis of Infinite Scenarios

    DEFF Research Database (Denmark)

    Buchholtz, Mikael

    2005-01-01

    The security of a network protocol crucially relies on the scenario in which the protocol is deployed. This paper describes syntactic constructs for modelling network scenarios and presents an automated analysis tool, which can guarantee that security properties hold in all of the (infinitely many...

  8. Multiscale scenarios for nature futures

    NARCIS (Netherlands)

    Rosa, Isabel M.D.; Pereira, Henrique Miguel; Ferrier, Simon; Alkemade, J.R.M.; Acosta, Lilibeth A.; Resit Akcakaya, H.; Belder, den E.; Fazel, Asghar M.; Fujimori, Shinichiro; Harfoot, Mike; Harhash, Khaled A.; Harrison, Paula A.; Hauck, Jennifer; Hendriks, Rob J.J.; Hernández, Gladys; Jetz, Walter; Karlsson-Vinkhuyzen, S.I.S.E.; Kim, Hyejin; King, Nicholas; Kok, Marcel; Kolomytsev, Grygoriy O.; Lazarova, Tanya; Leadley, Paul; Lundquist, Carolyn J.; García Márquez, Jaime; Meyer, Carsten; Navarro, Laetitia M.; Nesshöver, Carsten; Ngo, Hien T.; Ninan, Karachepone N.; Palomo, Maria G.; Pereira, Laura; Peterson, G.D.; Pichs, Ramon; Popp, Alexander; Purvis, Andy; Ravera, Federica; Rondinini, Carlo; Sathyapalan, Jyothis; Schipper, Aafke; Seppelt, Ralf; Settele, Josef; Sitas, Nadia; Vuuren, van D.

    2017-01-01

    Targets for human development are increasingly connected with targets for nature, however, existing scenarios do not explicitly address this relationship. Here, we outline a strategy to generate scenarios centred on our relationship
    with nature to inform decision-making at multiple scales.

  9. Multiscale scenarios for nature futures

    NARCIS (Netherlands)

    Rosa, Isabel M.D.; Pereira, Henrique M.; Ferrier, Simon; Alkemade, Rob; Acosta, Lilibeth A.; Akcakaya, H. Resit; Den Belder, Eefje; Fazel, Asghar M.; Fujimori, Shinichiro; Harfoot, Mike; Harhash, Khaled A.; Harrison, Paula A.; Hauck, Jennifer; Hendriks, Rob J.J.; Hernández, Gladys; Jetz, Walter; Karlsson-Vinkhuyzen, Sylvia I.; Kim, Hyejin; King, Nicholas; Kok, Marcel T.J.; Kolomytsev, Grygoriy O.; Lazarova, Tanya; Leadley, Paul; Lundquist, Carolyn J.; García Márquez, Jaime; Meyer, Carsten; Navarro, Laetitia M.; Nesshöver, Carsten; Ngo, Hien T.; Ninan, Karachepone N.; Palomo, Maria G.; Pereira, Laura M.; Peterson, Garry D.; Pichs, Ramon; Popp, Alexander; Purvis, Andy; Ravera, Federica; Rondinini, Carlo; Sathyapalan, Jyothis; Schipper, Aafke M.; Seppelt, Ralf; Settele, Josef; Sitas, Nadia; Van Vuuren, Detlef|info:eu-repo/dai/nl/11522016X

    2017-01-01

    Targets for human development are increasingly connected with targets for nature, however, existing scenarios do not explicitly address this relationship. Here, we outline a strategy to generate scenarios centred on our relationship with nature to inform decision-making at multiple scales.

  10. Identification of reference accident scenarios in SEVESO establishments

    International Nuclear Information System (INIS)

    Delvosalle, C.; Fievez, C.; Pipart, A.; Fabrega, J. Casal; Planas, E.; Christou, M.; Mushtaq, F.

    2005-01-01

    In the frame of the ESREL special session on ARAMIS project, this paper aims at presenting the work carried out in the first Work Package, devoted to the definition of accident scenarios. This topic is a key-point in risk assessment, and serves as basis for the whole risk quantification. A first part of the work aims at building a Methodology for the Identification of Major Accident Hazards (MIMAH), which is carried out with the development of generic fault and event trees based on a typology of equipment and substances. This work is coupled with an historical analysis of accidents. In a second part, influence of safety devices and policies will be considered, in order to build a Methodology for the Identification of Reference Accident Scenarios (MIRAS). This last one will take into account safety systems and lead to obtain more realistic scenarios

  11. Energy scenarios: a prospective outlook

    International Nuclear Information System (INIS)

    Salomon, Thierry; Claustre, Raphael; Charru, Madeleine; Sukov, Stephane; Marignac, Yves; Fink, Meike; Bibas, Ruben; Le Saux, Gildas

    2011-01-01

    A set of articles discusses the use of energy scenarios: how useful they can be to describe a possible future and even to gather the involved actors, how they have been used in France in the past (for planning or prediction purposes, with sometimes some over-assessed or contradictory results, without considering any decline of nuclear energy, or by setting an impossible equation in the case of the Grenelle de l'Environnement), how the scenario framework impacts its content (depending on the approach type: standard, optimization, bottom-up, top-down, or hybrid). It also discusses the issue of choice of hypotheses on growth-based and de-growth-based scenarios, outlines how energy saving is a key for a sustainable evolution. Two German scenarios regarding electricity production (centralisation or decentralisation) and French regional scenarios for Nord-Pas-de-Calais are then briefly discussed

  12. CITYBEM: AN OPEN SOURCE IMPLEMENTATION AND VALIDATION OF MONTHLY HEATING AND COOLING ENERGY NEEDS FOR 3D BUILDINGS IN CITIES

    Directory of Open Access Journals (Sweden)

    S. M. Murshed

    2017-10-01

    Full Text Available Cities play an important role in reaching local and global targets on energy efficiency and the reduction of greenhouse gas emissions. In order to determine the potential of energy efficiency in the building sector new planning instruments are required that allow depicting the complete building stock on the one hand and investigate detailed measures on the other hand. To pursue this objective, the ISO 13970:2008 monthly heating and cooling energy model is implemented using an open source based software architecture (CityBEM, in connection with data from 3D city models in the CityGML standard (LOD2. Input parameters such as the building geometry, typology and energy characteristics have been associated with the 3D data. The model has been applied to several urban districts with different numbers of buildings in the city of Karlsruhe. In order to test the accuracy of the implemented model and its robustness, a 3-step validation has been conducted. The comparison of simulation results with results based on a TRNSYS simulation showed acceptable results for the studied application cases. The proposed approach can help urban decision makers to perform a city or district wide analysis of the building energy need which can be further used to prepare future scenarios or renovation plans to support decision making.

  13. Citybem: AN Open Source Implementation and Validation of Monthly Heating and Cooling Energy Needs for 3d Buildings in Cities

    Science.gov (United States)

    Murshed, S. M.; Picard, S.; Koch, A.

    2017-10-01

    Cities play an important role in reaching local and global targets on energy efficiency and the reduction of greenhouse gas emissions. In order to determine the potential of energy efficiency in the building sector new planning instruments are required that allow depicting the complete building stock on the one hand and investigate detailed measures on the other hand. To pursue this objective, the ISO 13970:2008 monthly heating and cooling energy model is implemented using an open source based software architecture (CityBEM), in connection with data from 3D city models in the CityGML standard (LOD2). Input parameters such as the building geometry, typology and energy characteristics have been associated with the 3D data. The model has been applied to several urban districts with different numbers of buildings in the city of Karlsruhe. In order to test the accuracy of the implemented model and its robustness, a 3-step validation has been conducted. The comparison of simulation results with results based on a TRNSYS simulation showed acceptable results for the studied application cases. The proposed approach can help urban decision makers to perform a city or district wide analysis of the building energy need which can be further used to prepare future scenarios or renovation plans to support decision making.

  14. The Australian stock market development: Prospects and challenges

    OpenAIRE

    Sheilla Nyasha; Nicholas M. Odhiambo

    2013-01-01

    This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these r...

  15. The effect of asymmetric information risk on returns of stocks traded on the BM&FBOVESPA

    Directory of Open Access Journals (Sweden)

    Leonardo Souza Siqueira

    Full Text Available ABSTRACT This study sought to analyze information asymmetry in the Brazilian stock market and its relation with the returns required from portfolios through the metrics volume-synchronized probability of informed trading. To do this, the study used actual data from the transactions of 142 stocks on the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA, within the period from May 1, 2014, to May 31, 2016. The results point out a high flow toxicity level in the orders of these stocks. In segment analyses of the stock market listing, data suggest there is no clue that stocks from the theoretically more overt segments have a lower toxicity level of order flows. The justification for this finding lies on the negative correlation observed between the market value of stocks and the toxicity level of orders. To test the effect of asymmetric information risk on stock returns, a factor related to the toxicity level of orders was added to the three-, four-, and five-factor models. Through the GRS test, we observed that the combination of factors that optimize the explanation of returns of the portfolios created was the one taking advantage of the factors market, size, profitability, investment, and information risk. To test the robustness of these results, the Average F-test was used in data simulated by the bootstrap method, and similar estimates were obtained. It was observed that the factor related to the book-to-market index becomes redundant in the national scenario for the models tested. Also, it was found that the factor related to information risk works as a complement to the factor size and that its inclusion leads to an improved performance of the models, indicating a possible explanatory power of information risk on portfolio returns. Therefore, data suggest that information risk is priced in the Brazilian stock market.

  16. Analysis of Right Issue Announcement Effect toward Stock Price Movement and Stock Trading Volume within Issuer in Indonesia Stock Exchange

    Directory of Open Access Journals (Sweden)

    Wilson Yaputra Yakup

    2016-05-01

    Full Text Available The purpose of this study were to identify and analyze the rights issue effect to the stock price, the effect of the rights issue on stock trading volume, the correlation between stock prices before and after the right issue, as well as the correlation between volume of trading activity before the right issue and after that event. The objects of the study are the companies listed on Indonesia Stock Exchange (JSX. The hypothesis stated that right issues have a significant effect on stock price on companies listed on the JSX, rights issues have a significant effect on the stock trading volume on companies listed on the JSX, there is a significant correlation between stock price before and after the rights issue on companies listed in JSX, there is a significant correlation between volume of the stock trading before the rights issue and after that event. Data analysis used were descriptive statistics, simple linear regression analysis and paired t-test. Hypothesis testing was performed by using the Pearson correlation test with significance level of 5%. The results show that the right issue has a positive effect but not significant toward stock prices of companies listed in JSX, right issue has a negative effect and not significant toward the trading volume activity (TVA on companies listed in JSX.

  17. Kyiv institutional buildings sector energy efficiency program: Technical assessment

    Energy Technology Data Exchange (ETDEWEB)

    Secrest, T.J.; Freeman, S.L. [Pacific Northwest National Lab., Richland, WA (United States); Popelka, A. [Tysak Engineering, Acton, MA (United States); Shestopal, P.A.; Gagurin, E.V. [Agency for Rational Energy Use and Ecology, Kyiv (Ukraine)

    1997-08-01

    The purpose of this assessment is to characterize the economic energy efficiency potential and investment requirements for space heating and hot water provided by district heat in the stock of state and municipal institutional buildings in the city of Kyiv. The assessment involves three activities. The first is a survey of state and municipal institutions to characterize the stock of institutional buildings. The second is to develop an estimate of the cost-effective efficiency potential. The third is to estimate the investment requirements to acquire the efficiency resource. Institutional buildings are defined as nonresidential buildings owned and occupied by state and municipal organizations. General categories of institutional buildings are education, healthcare, and cultural. The characterization activity provides information about the number of buildings, building floorspace, and consumption of space heating and hot water energy provided by the district system.

  18. The HayWired Earthquake Scenario

    Science.gov (United States)

    Detweiler, Shane T.; Wein, Anne M.

    2017-04-24

    ForewordThe 1906 Great San Francisco earthquake (magnitude 7.8) and the 1989 Loma Prieta earthquake (magnitude 6.9) each motivated residents of the San Francisco Bay region to build countermeasures to earthquakes into the fabric of the region. Since Loma Prieta, bay-region communities, governments, and utilities have invested tens of billions of dollars in seismic upgrades and retrofits and replacements of older buildings and infrastructure. Innovation and state-of-the-art engineering, informed by science, including novel seismic-hazard assessments, have been applied to the challenge of increasing seismic resilience throughout the bay region. However, as long as people live and work in seismically vulnerable buildings or rely on seismically vulnerable transportation and utilities, more work remains to be done.With that in mind, the U.S. Geological Survey (USGS) and its partners developed the HayWired scenario as a tool to enable further actions that can change the outcome when the next major earthquake strikes. By illuminating the likely impacts to the present-day built environment, well-constructed scenarios can and have spurred officials and citizens to take steps that change the outcomes the scenario describes, whether used to guide more realistic response and recovery exercises or to launch mitigation measures that will reduce future risk.The HayWired scenario is the latest in a series of like-minded efforts to bring a special focus onto the impacts that could occur when the Hayward Fault again ruptures through the east side of the San Francisco Bay region as it last did in 1868. Cities in the east bay along the Richmond, Oakland, and Fremont corridor would be hit hardest by earthquake ground shaking, surface fault rupture, aftershocks, and fault afterslip, but the impacts would reach throughout the bay region and far beyond. The HayWired scenario name reflects our increased reliance on the Internet and telecommunications and also alludes to the

  19. The stock selection problem: Is the stock selection approach more important than the optimization method? Evidence from the Danish stock market

    OpenAIRE

    Grobys, Klaus

    2011-01-01

    Passive investment strategies basically aim to replicate an underlying benchmark. Thereby, the management usually selects a subset of stocks being employed in the optimization procedure. Apart from the optimization procedure, the stock selection approach determines the stock portfolios' out-of-sample performance. The empirical study here takes into account the Danish stock market from 2000-2010 and gives evidence that stock portfolios including small companies' stocks being estimated via coin...

  20. Long Memory in the Greek Stock Market

    OpenAIRE

    John T. Barkoulas; Christopher F. Baum; Nickolaos Travlos

    1996-01-01

    We test for stochastic long memory in the Greek stock market, an emerging capital market. The fractional differencing parameter is estimated using the spectral regression method. Contrary to findings for major capital markets, significant and robust evidence of positive long-term persistence is found in the Greek stock market. As compared to benchmark linear models, the estimated fractional models provide improved out-of-sample forecasting accuracy for the Greek stock returns series over long...

  1. Looking Back on the Stock Market

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ Looking back at the ups and downs of China's stock market in 2007,it is clear that it has developed far beyond people's expectation. While the stock index constantly reaches new highs and the size of the market becomes larger and larger, the Chinese financial market has also reintegrated. A multi-level revolution occurred in 2007, involving changes in stock structure, the variety of core composition, chip cost of the capital market, investor makeup, as well as trade rules and operational methods.

  2. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

    Ambos, Tina C.; Nell, Phillip Christopher; Pedersen, Torben

    2013-01-01

    While previous research has mostly focused on either knowledge stocks or knowledge flows, our study is among the first to integrate these perspectives in order to shed light on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC...... of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross-functional combinations....

  3. Stock returns and foreign investment in Brazil

    OpenAIRE

    Reis, Luciana; Meurer, Roberto; Da Silva, Sergio

    2008-01-01

    We examine the relationship between stock returns and foreign investment in Brazil, and find that the inflows of foreign investment boosted the returns from 1995 to 2005. There was a strong contemporaneous correlation, although not Granger-causality. Foreign investment along with the exchange rate, the influence of the world stock markets, and country risk can explain 73 percent of the changes that occurred in the stock returns over the period. We also find that positive feedback trading play...

  4. Macroeconomic Forces and Stock Returns in Vietnam

    OpenAIRE

    Phan, Van Hang

    2008-01-01

    Capital market development, especially the appearance of Vietnamese equity market recently has a strategic importance in the economic growth and structural reform process of Vietnam (Chun et al, 2003). This dissertation focuses on the impacts of macroeconomic forces on stock market returns in Vietnamese stock market which has not been investigated in detail before, and thereby to contribute further literature on this new emerging stock market. Specifically, the research will intensively inves...

  5. A new Loan-Stock Financial Instrument

    OpenAIRE

    Morozovsky, Alexander; Narasimhan, Rajan; Kholodenko, Yuri

    2000-01-01

    A new financial instrument (a new kind of a loan) is introduced. The loan-stock instrument (LSI) combines fixed rate instruments (loans, etc.) with other financial instruments that have higher volatilities and returns (stocks, mutual funds, currencies, derivatives, options, etc.). This new loan depends on the value of underlying security (for example, stock) in such a way that when underlying security increases, the value of loan decreases and backwards. The procedure to create a risk free po...

  6. Stock selection using a hybrid MCDM approach

    Directory of Open Access Journals (Sweden)

    Tea Poklepović

    2014-12-01

    Full Text Available The problem of selecting the right stocks to invest in is of immense interest for investors on both emerging and developed capital markets. Moreover, an investor should take into account all available data regarding stocks on the particular market. This includes fundamental and stock market indicators. The decision making process includes several stocks to invest in and more than one criterion. Therefore, the task of selecting the stocks to invest in can be viewed as a multiple criteria decision making (MCDM problem. Using several MCDM methods often leads to divergent rankings. The goal of this paper is to resolve these possible divergent results obtained from different MCDM methods using a hybrid MCDM approach based on Spearman’s rank correlation coefficient. Five MCDM methods are selected: COPRAS, linear assignment, PROMETHEE, SAW and TOPSIS. The weights for all criteria are obtained by using the AHP method. Data for this study includes information on stock returns and traded volumes from March 2012 to March 2014 for 19 stocks on the Croatian capital market. It also includes the most important fundamental and stock market indicators for selected stocks. Rankings using five selected MCDM methods in the stock selection problem yield divergent results. However, after applying the proposed approach the final hybrid rankings are obtained. The results show that the worse stocks to invest in happen to be the same when the industry is taken into consideration or when not. However, when the industry is taken into account, the best stocks to invest in are slightly different, because some industries are more profitable than the others.

  7. Dying scenarios improve recall as much as survival scenarios.

    Science.gov (United States)

    Burns, Daniel J; Hart, Joshua; Kramer, Melanie E

    2014-01-01

    Merely contemplating one's death improves retention for entirely unrelated material learned subsequently. This "dying to remember" effect seems conceptually related to the survival processing effect, whereby processing items for their relevance to being stranded in the grasslands leads to recall superior to that of other deep processing control conditions. The present experiments directly compared survival processing scenarios with "death processing" scenarios. Results showed that when the survival and dying scenarios are closely matched on key dimensions, and possible congruency effects are controlled, the dying and survival scenarios produced equivalently high recall levels. We conclude that the available evidence (cf. Bell, Roer, & Buchner, 2013; Klein, 2012), while not definitive, is consistent with the possibility of overlapping mechanisms.

  8. Elements of stock market analysis

    Directory of Open Access Journals (Sweden)

    Suciu, T.

    2013-12-01

    Full Text Available The paper represents a starting point in the presentation of the two types of stock/market analysis: the fundamental analysis and the technical analysis. The fundamental analysis consist in the assessment of the financial and economic status of the company together with the context and macroeconomic environment where it activates. The technical analysis deals with the demand and supply of securities and the evolution of their trend on the market, using a range of graphics and charts to illustrate the market tendencies for the quick identification of the best moments to buy or sell.

  9. Energy and Environment. Electric power stock exchange

    International Nuclear Information System (INIS)

    Fazioli, R.; Antonioli, B.; Beccarello, M.; Da Rin, B.

    2000-01-01

    In this paper are reported the structural characteristics of electric power stock exchange in the processes liberalization of european electric markets. International experience are also considered [it

  10. The Speculative Nature of Stock Market

    Directory of Open Access Journals (Sweden)

    Bogdan-Gabriel FILIPESCU

    2011-12-01

    Full Text Available This paper focuses on the speculative nature of the stock market in Romania, emphasizing the basic rules and risks associated with stock transactions. On the one hand, the speculative nature may be considered as a mandatory feature of the stock market, for the purposes of supporting a fair and efficient functioning stock system. On the other hand, the term "speculative" can be also interpreted in a negative direction, i.e. in combination with market manipulation or market abuse. Related to this latter interpretation, the study refers to European legislation on market abuse, accepted market practices and those that constitute market manipulation.

  11. Risk management of stock index futures

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    The Hong Kong Hang Seng index futures is taken as a study object and a method of empirical analysis is adopted in order to verify the validity of the application of the value-at-risk (VaR) method in the risk measurement of the stock index futures market. The results suggest that under normal market conditions it is feasible to apply the VaR method in the measurement of the market risks of stock index futures. The daily VaR value of the stock index futures provides a foreseeable profit and loss of the stock ...

  12. Material Stock Demographics: Cars in Great Britain.

    Science.gov (United States)

    Cabrera Serrenho, André; Allwood, Julian M

    2016-03-15

    Recent literature on material flow analysis has been focused on quantitative characterization of past material flows. Fewer analyses exist on past and prospective quantification of stocks of materials in-use. Some of these analyses explore the composition of products' stocks, but a focus on the characterization of material stocks and its relation with service delivery is often neglected. We propose the use of the methods of human demography to characterize material stocks, defined herein as stock demographics, exploring the insights that this approach could provide for the sustainable management of materials. We exemplify an application of stock demographics by characterizing the composition and service delivery of iron, steel, and aluminum stocks of cars in Great Britain, 2002-2012. The results show that in this period the stock has become heavier, it is traveling less, and it is idle for more time. The visualization of material stocks' dynamics demonstrates the pace of product replacement as a function of its usefulness and enables the formulation of policy interventions and the exploration of future trends.

  13. Building renovation with interior insulation on solid masonry walls in Denmark - A study of the building segment and possible solutions

    DEFF Research Database (Denmark)

    Odgaard, Tommy; Bjarløv, Søren Peter; Rode, Carsten

    2015-01-01

    The segment size of the Danish multi-story building stock from the period 1851-1930 is established through a unique major database managed by the Danish authorities. The outcome illustrates a large segment with 219,202 apartment units distributed over 14,832 unique buildings, all sharing characte...

  14. Stock Market Integration in Africa: The Case of the Johannesburg Stock Exchange and Selected African Countries

    OpenAIRE

    Gail Ncube; Kapingura Forget Mingiri

    2015-01-01

    African stock markets are deemed to be small, segmented and illiquid. Given this back ground, the study utilises monthly data for the period 2000-2008, employing the Johansen and Julius cointegration method to determine the long-run relationship between the five selected African stock markets. Granger causality tests were also conducted to establish if there are any causal links between the stock markets in Africa. The analysis in the study indicates that African stock markets are improving i...

  15. 41 CFR 109-27.5003 - Stock control.

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Stock control. 109-27... control. (a) Stock control shall be maintained on the basis of stock record accounts of inventories on... property under stock control for greater than 90 days shall be maintained in stock record accounts. ...

  16. Building America

    Energy Technology Data Exchange (ETDEWEB)

    Brad Oberg

    2010-12-31

    IBACOS researched the constructability and viability issues of using high performance windows as one component of a larger approach to building houses that achieve the Building America 70% energy savings target.

  17. Building calculations

    DEFF Research Database (Denmark)

    Jensen, Bjarne Christian; Hansen, Svend Ole

    Textbook on design of large panel building including rules on robustness and a method for producing the Statical documentattion......Textbook on design of large panel building including rules on robustness and a method for producing the Statical documentattion...

  18. The Stock Market Game: A Simulation of Stock Market Trading. Grades 5-8.

    Science.gov (United States)

    Draze, Dianne

    This guide to a unit on a simulation game about the stock market contains an instructional text and two separate simulations. Through directed lessons and reproducible worksheets, the unit teaches students about business ownership, stock exchanges, benchmarks, commissions, why prices change, the logistics of buying and selling stocks, and how to…

  19. The role of managerial stock option programs in governance: evidence from REIT stock repurchases

    NARCIS (Netherlands)

    Ghosh, C.; Giambona, E.; Harding, J.P.; Sezer, O.; Sirmans, C.F.

    2010-01-01

    This article examines the role of stock option programs and executive holdings of stock options in real estate investment trust (REIT) governance. We study the issue by analyzing how the market reaction to a stock repurchase announcement varies as a function of the individual REIT's governance

  20. 78 FR 17066 - Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in...

    Science.gov (United States)

    2013-03-19

    ... Indirect Stock Transfers and Coordination Rule Exceptions; Transfers of Stock or Securities in Outbound... issue of the Federal Register, the IRS and the Treasury Department are issuing temporary regulations... stock transfers for certain outbound asset reorganizations. The temporary regulations also modify the...

  1. Proving the Relation between Stock and Interbank Markets: The Bahrain Stock Exchange

    OpenAIRE

    Matveev, Aleksandr

    2014-01-01

    The present paper deals with further analysis of the relationship between the interbank loan rateon the one hand and the volume of investment and the amount of stocks tradable on the stock exchange on the other hand, as corroborated by calculations performed on Bahrain Stock Exchange data.

  2. Modelling the effect of agricultural management practices on soil organic carbon stocks: does soil erosion matter?

    Science.gov (United States)

    Nadeu, Elisabet; Van Wesemael, Bas; Van Oost, Kristof

    2014-05-01

    Over the last decades, an increasing number of studies have been conducted to assess the effect of soil management practices on soil organic carbon (SOC) stocks. At regional scales, biogeochemical models such as CENTURY or Roth-C have been commonly applied. These models simulate SOC dynamics at the profile level (point basis) over long temporal scales but do not consider the continuous lateral transfer of sediment that takes place along geomorphic toposequences. As a consequence, the impact of soil redistribution on carbon fluxes is very seldom taken into account when evaluating changes in SOC stocks due to agricultural management practices on the short and long-term. To address this gap, we assessed the role of soil erosion by water and tillage on SOC stocks under different agricultural management practices in the Walloon region of Belgium. The SPEROS-C model was run for a 100-year period combining three typical crop rotations (using winter wheat, winter barley, sugar beet and maize) with three tillage scenarios (conventional tillage, reduced tillage and reduced tillage in combination with additional crop residues). The results showed that including soil erosion by water in the simulations led to a general decrease in SOC stocks relative to a baseline scenario (where no erosion took place). The SOC lost from these arable soils was mainly exported to adjacent sites and to the river system by lateral fluxes, with magnitudes differing between crop rotations and in all cases lower under conservation tillage practices than under conventional tillage. Although tillage erosion plays an important role in carbon redistribution within fields, lateral fluxes induced by water erosion led to a higher spatial and in-depth heterogeneity of SOC stocks with potential effects on the soil water holding capacity and crop yields. This indicates that studies assessing the effect of agricultural management practices on SOC stocks and other soil properties over the landscape should

  3. A framework for assessing global change risks to forest carbon stocks in the United States.

    Directory of Open Access Journals (Sweden)

    Christopher W Woodall

    Full Text Available Among terrestrial environments, forests are not only the largest long-term sink of atmospheric carbon (C, but are also susceptible to global change themselves, with potential consequences including alterations of C cycles and potential C emission. To inform global change risk assessment of forest C across large spatial/temporal scales, this study constructed and evaluated a basic risk framework which combined the magnitude of C stocks and their associated probability of stock change in the context of global change across the US. For the purposes of this analysis, forest C was divided into five pools, two live (aboveground and belowground biomass and three dead (dead wood, soil organic matter, and forest floor with a risk framework parameterized using the US's national greenhouse gas inventory and associated forest inventory data across current and projected future Köppen-Geiger climate zones (A1F1 scenario. Results suggest that an initial forest C risk matrix may be constructed to focus attention on short- and long-term risks to forest C stocks (as opposed to implementation in decision making using inventory-based estimates of total stocks and associated estimates of variability (i.e., coefficient of variation among climate zones. The empirical parameterization of such a risk matrix highlighted numerous knowledge gaps: 1 robust measures of the likelihood of forest C stock change under climate change scenarios, 2 projections of forest C stocks given unforeseen socioeconomic conditions (i.e., land-use change, and 3 appropriate social responses to global change events for which there is no contemporary climate/disturbance analog (e.g., severe droughts in the Lake States. Coupling these current technical/social limits of developing a risk matrix to the biological processes of forest ecosystems (i.e., disturbance events and interaction among diverse forest C pools, potential positive feedbacks, and forest resiliency/recovery suggests an operational

  4. Climatic regions as an indicator of forest coarse and fine woody debris carbon stocks in the United States

    Directory of Open Access Journals (Sweden)

    Liknes Greg C

    2008-06-01

    Full Text Available Abstract Background Coarse and fine woody debris are substantial forest ecosystem carbon stocks; however, there is a lack of understanding how these detrital carbon stocks vary across forested landscapes. Because forest woody detritus production and decay rates may partially depend on climatic conditions, the accumulation of coarse and fine woody debris carbon stocks in forests may be correlated with climate. This study used a nationwide inventory of coarse and fine woody debris in the United States to examine how these carbon stocks vary by climatic regions and variables. Results Mean coarse and fine woody debris forest carbon stocks vary by Köppen's climatic regions across the United States. The highest carbon stocks were found in regions with cool summers while the lowest carbon stocks were found in arid desert/steppes or temperate humid regions. Coarse and fine woody debris carbon stocks were found to be positively correlated with available moisture and negatively correlated with maximum temperature. Conclusion It was concluded with only medium confidence that coarse and fine woody debris carbon stocks may be at risk of becoming net emitter of carbon under a global climate warming scenario as increases in coarse or fine woody debris production (sinks may be more than offset by increases in forest woody detritus decay rates (emission. Given the preliminary results of this study and the rather tenuous status of coarse and fine woody debris carbon stocks as either a source or sink of CO2, further research is suggested in the areas of forest detritus decay and production.

  5. Solar building

    OpenAIRE

    Zhang, Luxin

    2014-01-01

    In my thesis I describe the utilization of solar energy and solar energy with building integration. In introduction it is also mentioned how the solar building works, trying to make more people understand and accept the solar building. The thesis introduces different types of solar heat collectors. I compared the difference two operation modes of solar water heating system and created examples of solar water system selection. I also introduced other solar building applications. It is conv...

  6. Building envelope

    CSIR Research Space (South Africa)

    Gibberd, Jeremy T

    2009-01-01

    Full Text Available for use in the building. This is done through photovoltaic and solar water heating panels and wind turbines. Ideally these are integrated in the design of the building envelope to improve the aesthetic quality of the building and minimise material... are naturally ventilated. Renewable energy The building envelope includes renewable energy generation such as photovoltaics, wind turbines and solar water heaters and 10% of the building’s energy requirements are generated from these sources. Views All...

  7. A strategy for reducing CO_2 emissions from buildings with the Kaya identity – A Swiss energy system analysis and a case study

    International Nuclear Information System (INIS)

    Mavromatidis, Georgios; Orehounig, Kristina; Richner, Peter; Carmeliet, Jan

    2016-01-01

    Within the general context of Greenhouse Gas (GHG) emissions reduction, decomposition analysis allows the quantification of the contribution of different factors to changes in emissions as well as the assessment of the effectiveness of policy and technology measures. The Kaya identity has been widely used for that purpose in order to disaggregate carbon emissions into various driving forces. In this paper, it is applied for the analysis of emissions resulting from energy use at three different scales. First, a decomposition analysis of the carbon emissions for the complete Swiss energy system is presented using the future projections from the Swiss Energy Strategy 2050. The Kaya identity is then applied to the Swiss building sector after it is adapted with factors that are more relatable to building parameters, such as floor area instead of Gross Domestic Product (GDP). Finally, the last level of analysis is a small scale community energy system for a unique Swiss village that aims to significantly reduce its emissions. An energy strategy is developed and its effectiveness is assessed with the adapted Kaya identity and benchmarked against the Swiss average values. The presented method demonstrates how the performance of buildings under various retrofitting scenarios can be benchmarked against future emission targets. - Highlights: • The Kaya identity is used to perform multi-scale emission decomposition analysis. • The original Kaya identity is updated with building-related parameters. • The main drivers of emissions reduction of the Swiss building stock are determined. • An energy strategy to transform the building stock of a Swiss village is developed. • The performance of efficiency measures are benchmarked using the Kaya identity.

  8. Scenario Planning as Organizational Intervention

    DEFF Research Database (Denmark)

    Balarezo, Jose; Nielsen, Bo Bernhard

    2017-01-01

    existing contributions on scenario planning within a new consolidating framework that includes antecedents, processes, and outcomes. The proposed framework allows for integration of the extant literature on scenario planning from a wide variety of fields, including strategic management, finance, human...... resource management, operations management, and psychology. Findings: This study contributes to research by offering a coherent and consistent framework for understanding scenario planning as a dynamic process. As such, it offers future researchers with a systematic way to ascertain where a particular......Purpose: This paper identifies four areas in need of future research to enhance our theoretical understanding of scenario planning, and sets the basis for future empirical examination of its effects on individual and organizational level outcomes. Design/methodology/approach: This paper organizes...

  9. Economic assessment of energetic scenarios

    International Nuclear Information System (INIS)

    Grandjean, Alain; Bureau, Dominique; Schubert, Katheline; Henriet, Fanny; Maggiar, Nicolas; Criqui, Patrick; Le Teno, Helene; Baumstark, Luc; Crassous, Renaud; Roques, Fabien

    2013-09-01

    This publication gathers contributions proposed by different members of the Economic Council for a Sustainable Development (CEDD) on the issue of energy transition, and more precisely on scenarios elaborated with respect to energy transition. A first set of contributions addresses models of energy transition (assessment of scenario costs to reach a factor 4; the issue of de-carbonation of energy consumption; study of ELECsim, a tool to highlight costs of scenarios of evolution of the electric power system). The second part addresses arbitrations and choice assessment (the importance of social and economic impacts of scenarios; challenges related to the joint definition of the discount rate and of the evolution of carbon value in time; the issue of assessment of the integration of renewable energies into the power system)

  10. Auxiliary buildings

    International Nuclear Information System (INIS)

    Lakner, I.; Lestyan, E.

    1979-01-01

    The nuclear power station represents a complicated and a particular industrial project. Consequently, the design of the auxiliary buildings serving the power station (offices, kitchen, refreshment room, workshops, depots, water treatment plant building, boiler houses, etc.) requires more attention than usual. This chapter gives a short survey of the auxiliary buildings already completed and discusses the problems of their design, location and structure. (author)

  11. Building 2000

    International Nuclear Information System (INIS)

    Den Ouden, C.; Steemers, T.C.

    1992-01-01

    This is the first volume of Building 2000, a pilot project of the Commission's R and D-programme 'Solar Energy Applications to Buildings' with the purpose of encouraging the adoption of solar architecture in large buildings. In this first rich illustrated volume the results of the design studies illustrating passive solar architecture in buildings in the European Community are presented in particular for the building categories as mentioned in the subtitle. In a second volume, a similar series of studies is presented for the building categories: office buildings, public buildings and hotels and holiday complexes. Several Design Support Workshops were organized during the Building 2000 programme during which Building 2000 design teams could directly exchange ideas with the various design advice experts represented at these workshops. In the second part of the Building 2000 final report a summary of a selection of many reports is presented (15 papers), as produced by Design Support experts. Most of the design support activities resulted in changes of the various designs, as have been reported by the design teams in the brochures presented in the first part of this book. It is to be expected that design aids and simulation tools for passive solar options, daylighting concepts, comfort criteria etc., will be utilized more frequently in the future. This will result in a better exchange of information between the actual design practitioners and the European R and D community. This technology transfer will result in buildings with a higher quality with respect to energy and environmental issues

  12. Building 2000

    Energy Technology Data Exchange (ETDEWEB)

    Den Ouden, C [EGM Engineering BV, Dordrecht (Netherlands); Steemers, T C [Commission of the European Communities, Brussels (Belgium)

    1992-01-01

    This is the first volume of Building 2000, a pilot project of the Commission's R and D-programme 'Solar Energy Applications to Buildings' with the purpose of encouraging the adoption of solar architecture in large buildings. In this first rich illustrated volume the results of the design studies illustrating passive solar architecture in buildings in the European Community are presented in particular for the building categories as mentioned in the subtitle. In a second volume, a similar series of studies is presented for the building categories: office buildings, public buildings and hotels and holiday complexes. Several Design Support Workshops were organized during the Building 2000 programme during which Building 2000 design teams could directly exchange ideas with the various design advice experts represented at these workshops. In the second part of the Building 2000 final report a summary of a selection of many reports is presented (15 papers), as produced by Design Support experts. Most of the design support activities resulted in changes of the various designs, as have been reported by the design teams in the brochures presented in the first part of this book. It is to be expected that design aids and simulation tools for passive solar options, daylighting concepts, comfort criteria etc., will be utilized more frequently in the future. This will result in a better exchange of information between the actual design practitioners and the European R and D community. This technology transfer will result in buildings with a higher quality with respect to energy and environmental issues.

  13. Scenarios, targets, gaps, and costs

    Energy Technology Data Exchange (ETDEWEB)

    Edmonds, James A.; Joos, Fortunat; Nakicenovic, Nebojsa; Richels, Richard G.; Sarmiento, Jorge L.

    2005-03-30

    This paper explores the connection between human activities and the concentration of carbon dioxide in the atmosphere. t explores the implication of the wide range of emissions scenarios developed by the IPCC in the Special Report on Emissions Scenarios and concludes that a robust finding is that major changes will be required in the global energy system if the concentration of carbon dioxide is eventually to be stabilized.

  14. Italian energy scenarios: Markal model

    International Nuclear Information System (INIS)

    Gracceva, Francesco

    2005-01-01

    Energy scenarios carried out through formal models comply with scientific criteria such as internal coherence and transparency. Besides, Markal methodology allows a good understanding of the complex nature of the energy system. The business-as-usual scenario carried out through the Markal-Italy model shows that structural changes occurring in end-use sectors will continue to drive up energy consumption, in spite of the slow economic growth and the quite high energy prices [it

  15. Do stock prices drive people crazy?

    Science.gov (United States)

    Lin, Chung-Liang; Chen, Chin-Shyan; Liu, Tsai-Ching

    2015-03-01

    This is the first research to examine a potential relation between stock market volatility and mental disorders. Using data on daily incidences of mental disorders in Taiwan over 4000 days from 1998 through 2009 to assess the time-series relation between stock price movements and mental disorders, we observe that stock price fluctuation clearly affects the hospitalization of mental disorders. We find that during a 12-year follow-up period, a low stock price index, a daily fall in the stock price index and consecutive daily falls in the stock price index are all associated with greater of mental disorders hospitalizations. A 1000-point fall in the TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) increases the number of daily mental disorders hospitalizations by 4.71%. A 1% fall in the TAIEX in one single day increases daily hospitalizations for mental disorders by 0.36%. When the stock price index falls one consecutive day, it causes a daily increase of approximately 0.32% hospitalizations due to mental disorders on that day. Stock price index is found to be significant for both gender and all age groups. In addition, daily change is significant for both gender and middle-age groups, whereas accumulated change is significant for males and people aged 45-64. Stockholdings can help people accumulate wealth, but they can also increase mental disorders hospitalizations. In other words, stock price fluctuations do drive people crazy. Published by Oxford University Press in association with The London School of Hygiene and Tropical Medicine © The Author 2014; all rights reserved.

  16. Application of Prefabricated Panels for the Energy Retrofit of Portuguese Residential Buildings Facades: A Case Study

    Directory of Open Access Journals (Sweden)

    Sousa J.

    2013-09-01

    Full Text Available This article aims to evaluate the potential application of prefabricated panels in energy retrofit of facades in the Portuguese building stock. The fundamentals of this study were part of Annex 50, which was an international ECBCS IEA project, with the purpose of developing an innovative concept of building renovation for the most representative buildings based on prefabricated systems. To analyze the potential application of energy retrofit using prefabricated panels, was important to know the reality of the existing building stock and its morphology. To know the reality of the building stock, an analysis was done based on the existing statistical data and to find the most representative residential buildings, target of the study, three criteria were defined: buildings built before 1990, with 2 to 6 floors and with renovation needs in the exterior envelope.

  17. Forecasting fish stock dynamics under climate change: Baltic herring (Clupea harengus) as a case study

    DEFF Research Database (Denmark)

    Bartolino, V.; Margonski, P.; Lindegren, Martin

    2014-01-01

    Climate change and anthropogenic disturbances may affect marine populations and ecosystems through multiple pathways. In this study we present a framework in which we integrate existing models and knowledge on basic regulatory processes to investigate the potential impact of future scenarios...... of fisheries exploitation and climate change on the temporal dynamics of the central Baltic herring stock. Alternative scenarios of increasing sea surface temperature and decreasing salinity of the Baltic Sea from a global climate model were combined with two alternative fishing scenarios, and their direct......-term fish dynamics can be an informative tool to derive expectations of the potential long-term impact of alternative future scenarios of exploitation and climate change...

  18. Potential changes in Czech forest soil carbon stocks under different climate change scenarios

    Czech Academy of Sciences Publication Activity Database

    Marková, I.; Janouš, Dalibor; Pavelka, Marian; Macků, J.; Havránková, Kateřina; Rejšek, K.; Marek, Michal V.

    2016-01-01

    Roč. 62, č. 12 (2016), s. 537-544 ISSN 1212-4834 R&D Projects: GA MŠk(CZ) ED1.1.00/02.0073; GA MŽP(CZ) SP/1A6/108/07; GA MŠk OC08021; GA MŠk 2B06068 Institutional support: RVO:67179843 Keywords : oxidizable soil carbon content * altitudinal vegetation zone * ecological series Subject RIV: EH - Ecology, Behaviour

  19. THE EFFECT OF MACROECONOMIC VARIABLES ON STOCK RETURNS ON DHAKA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Muhammed Monjurul Quadir

    2012-01-01

    Full Text Available This article investigates the effects of macroeconomic variables of treasury bill interest rate and industrial production on stock returns on Dhaka Stock Exchange for the period between January 2000 and February 2007 on the basis of monthly time series data using Autoregressive Integrated Moving Average (ARIMA model. The paper has taken the overall market stock returns as an independent variable. It does not consider the stock returns of different companies separately. Though the ARIMA model finds a positive relationship between Treasury bill interest rate and industrial production with market stock returns but the coefficients have turned out to be statistically insignificant.

  20. Fundamental uncertainty and stock market volatility

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2008-01-01

    We provide empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from participants in the Survey of Professional Forecasters over the period 1969 to 1996.

  1. A Tale of Two Stock Markets

    Science.gov (United States)

    Armstrong, Michelle Hine; Piercey, Victor I.; Greene-Hunley, Stephanie

    2015-01-01

    This article describes two different projects using the stock market as a context for learning. For both projects, students "bought" shares in individual companies, tracked stock prices for a period of time, and then "sold" their shares at a gain or loss. The projects are adaptable for students in late elementary school through…

  2. Does Stock Market Performance Influence Retirement Intentions?

    Science.gov (United States)

    Goda, Gopi Shah; Shoven, John B.; Slavov, Sita Nataraj

    2012-01-01

    Media reports predicted that the stock market decline in October 2008 would cause changes in retirement intentions, due to declines in retirement assets. We use panel data from the Health and Retirement Study to investigate the relationship between stock market performance and retirement intentions during 1998-2008, a period that includes the…

  3. Stock market volatility and macroeconomic uncertainty

    NARCIS (Netherlands)

    Arnold, I.J.M.; Vrugt, E.B.

    2006-01-01

    This paper provides empirical evidence on the link between stock market volatility and macroeconomic uncertainty. We show that US stock market volatility is significantly related to the dispersion in economic forecasts from SPF survey participants over the period from 1969 to 1996. This link is much

  4. Legal institutions, strategic default, and stock returns

    NARCIS (Netherlands)

    Favara, G.; Schroth, E.; Valta, P.

    2008-01-01

    This paper studies the impact of legal institutions on stock returns. More specifically, we examine how differences in debt enforcement and creditor protection around the world affect stock returns of individual firms. We hypothesize that if legal institutions prevent shareholders from engaging in

  5. Distinguishing manipulated stocks via trading network analysis

    Science.gov (United States)

    Sun, Xiao-Qian; Cheng, Xue-Qi; Shen, Hua-Wei; Wang, Zhao-Yang

    2011-10-01

    Manipulation is an important issue for both developed and emerging stock markets. For the study of manipulation, it is critical to analyze investor behavior in the stock market. In this paper, an analysis of the full transaction records of over a hundred stocks in a one-year period is conducted. For each stock, a trading network is constructed to characterize the relations among its investors. In trading networks, nodes represent investors and a directed link connects a stock seller to a buyer with the total trade size as the weight of the link, and the node strength is the sum of all edge weights of a node. For all these trading networks, we find that the node degree and node strength both have tails following a power-law distribution. Compared with non-manipulated stocks, manipulated stocks have a high lower bound of the power-law tail, a high average degree of the trading network and a low correlation between the price return and the seller-buyer ratio. These findings may help us to detect manipulated stocks.

  6. Mandatory IFRS Reporting and Stock Price Informativeness

    NARCIS (Netherlands)

    Beuselinck, C.A.C.; Joos, P.P.M.; Khurana, I.K.; van der Meulen, S.

    2010-01-01

    In this paper, we examine whether mandatory adoption of IFRS influences the flow of firm-specific information and contributes to stock price informativeness as measured by stock return synchronicity. Using a constant sample of 1,904 mandatory IFRS adopters in 14 EU countries for the period

  7. Recent market behavior of utility stocks

    International Nuclear Information System (INIS)

    Studness, C.M.

    1990-01-01

    This article reviews the recent market behavior of utility stocks as compared to the Standard and Poor's 500 and the long-term government bond yield. Utility stock's performance continues to be affected by unfavorable regulation,and it appears that it will continue to be a factor for some time to come. A continually shrinking excess capacity continues to be a concern

  8. SETS, arbitrage activity and stock price dynamics

    NARCIS (Netherlands)

    Taylor, N.; van Dijk, D.; Franses, P.H.; Lucas, A.

    2000-01-01

    This paper provides an empirical description of the relationship between the trading system operated by a stock exchange and the trading behaviour of heterogeneous investors who use the exchange. The recent introduction of SETS in the London Stock Exchange provides an excellent opportunity to study

  9. Jump Detection in the Danish Stock Market

    DEFF Research Database (Denmark)

    Høg, Esben

    2002-01-01

    It is well known in financial economics that stock market return data are often modelled by a diffusion process with some regular drift function. Occasionally, however, sudden changes or jumps occur in the return data. Wavelet scaling methods are used to detect jumps and cusps in stock market...

  10. 27 CFR 24.217 - Vinegar stock.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Vinegar stock. 24.217 Section 24.217 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY LIQUORS WINE Production of Other Than Standard Wine § 24.217 Vinegar stock. Vinegar...

  11. Efficient Circulation of Railway Rolling Stock

    NARCIS (Netherlands)

    Alfieri, A.; Groot, R.; Kroon, L.G.; Schrijver, A.

    2006-01-01

    Railway rolling stock (locomotives, carriages, and train units) is one of the most significant cost sources for operatorsof passenger trains, both public and private. Rolling stock costsare due to material acquisition, power supply, and material maintenance. The efficient circulation of rolling

  12. Efficient Circulation of Railway Rolling Stock

    NARCIS (Netherlands)

    A. Alfieri (Arianna); R. Groot (Rutger); L.G. Kroon (Leo); A. Schrijver (Lex)

    2002-01-01

    textabstractRailway rolling stock (locomotives, carriages, and train units) is one of the most significant cost sources for operatorsof passenger trains, both public and private. Rolling stock costsare due to material acquisition, power supply, and material maintenance. The efficient circulation of

  13. TRANSPORTATION BOT SCHEMES FOR PUBLIC AND PRIVATE SECTOR FINANCING SCENARIO ANALYSIS

    OpenAIRE

    WEI, Chien-Hung; CHUNG, Ming-Chih

    2002-01-01

    Transportation Build-Operate-Transfer financing projects have larger payment risks and failure possibilities than other financing projects, and these factors are essential to financing scenarios. The changes of financing scenarios not only affect private sectors' financing process but the conflict between private sectors and banks. This study broadly reviews relevant factors affecting BOT financing strategies, interviews relevant experts and then uses scenario analysis to design a questionnai...

  14. Economic Energy Savings Potential in Federal Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Brown, Daryl R.; Dirks, James A.; Hunt, Diane M.

    2000-09-04

    The primary objective of this study was to estimate the current life-cycle cost-effective (i.e., economic) energy savings potential in Federal buildings and the corresponding capital investment required to achieve these savings, with Federal financing. Estimates were developed for major categories of energy efficiency measures such as building envelope, heating system, cooling system, and lighting. The analysis was based on conditions (building stock and characteristics, retrofit technologies, interest rates, energy prices, etc.) existing in the late 1990s. The potential impact of changes to any of these factors in the future was not considered.

  15. Analysis of the 2011 Negawatt scenario

    International Nuclear Information System (INIS)

    Acket, Claude; Bacher, Pierre

    2011-01-01

    This document discusses the 2011 Negawatt scenario which, through a 'sobriety and efficiency' approach, divides by two the final energy consumption, and nearly by three the primary energy demand. This decrease concerns all activity sectors, but more particularly the housing and office building sector by means of an extended insulation programme. In the transport sector, the decrease is obtained by a reduction of use, but above all, by technological advances. Fossil energies are nearly discarded. The strong increase of renewable energies is mainly due to biomass which is used for heating purposes, but essentially under the form of methane which replaces oil in transports. Wind and photovoltaic energy ensures 28% of primary energy production and about 60% of electricity production. The feasibility of these measures is analyzed

  16. Recurrence quantification analysis of global stock markets

    Science.gov (United States)

    Bastos, João A.; Caiado, Jorge

    2011-04-01

    This study investigates the presence of deterministic dependencies in international stock markets using recurrence plots and recurrence quantification analysis (RQA). The results are based on a large set of free float-adjusted market capitalization stock indices, covering a period of 15 years. The statistical tests suggest that the dynamics of stock prices in emerging markets is characterized by higher values of RQA measures when compared to their developed counterparts. The behavior of stock markets during critical financial events, such as the burst of the technology bubble, the Asian currency crisis, and the recent subprime mortgage crisis, is analyzed by performing RQA in sliding windows. It is shown that during these events stock markets exhibit a distinctive behavior that is characterized by temporary decreases in the fraction of recurrence points contained in diagonal and vertical structures.

  17. Modeling Chaotic Behavior of Chittagong Stock Indices

    Directory of Open Access Journals (Sweden)

    Shipra Banik

    2012-01-01

    Full Text Available Stock market prediction is an important area of financial forecasting, which attracts great interest to stock buyers and sellers, stock investors, policy makers, applied researchers, and many others who are involved in the capital market. In this paper, a comparative study has been conducted to predict stock index values using soft computing models and time series model. Paying attention to the applied econometric noises because our considered series are time series, we predict Chittagong stock indices for the period from January 1, 2005 to May 5, 2011. We have used well-known models such as, the genetic algorithm (GA model and the adaptive network fuzzy integrated system (ANFIS model as soft computing forecasting models. Very widely used forecasting models in applied time series econometrics, namely, the generalized autoregressive conditional heteroscedastic (GARCH model is considered as time series model. Our findings have revealed that the use of soft computing models is more successful than the considered time series model.

  18. Scenario development methods and practice

    International Nuclear Information System (INIS)

    2001-01-01

    The safe management of radioactive waste is an essential aspect of all nuclear power programmes. Although a general consensus has been reached in OECD countries on the use of geological repositories for the disposal of high-level radioactive waste, analysis of the long-term safety of these repositories, using performance assessment and other tools, is required prior to implementation. The initial stage in developing a repository safety assessment is the identification of all factors that may be relevant to the long-term safety of the repository and their combination to form scenarios. This must be done in a systematic and transparent way in order to assure the regulatory authorities that nothing important has been forgotten. Scenario development has become the general term used to describe the collection and organisation of the scientific and technical information necessary to assess the long-term performance or safety of radioactive waste disposal systems. This includes the identification of the relevant features, events and processes (FEPs), the synthesis of broad models of scientific understanding, and the selection of cases to be calculated. Scenario development provides the overall framework in which the cases and their calculated consequences can be discussed, including biases or shortcomings due to omissions or lack of knowledge. The NEA Workshop on Scenario Development was organised in Madrid, in May 1999, with the objective of reviewing developments in scenario methodologies and applications in safety assessments since 1992. The outcome of this workshop is the subject of this book. It is a review of developments in scenario methodologies based on a large body of practical experience in safety assessments. It will be of interest to radioactive waste management experts as well as to other specialists involved in the development of scenario methodologies. (author)

  19. Building information deduced

    DEFF Research Database (Denmark)

    Tamke, Martin; Myrup Jensen, Morten; Beetz, Jakob

    2014-01-01

    In recent years, Building Information Models have become commonplace in building profession. The extensive use and increasing experience with BIM models offers new perspectives and potentials for design and planning. A recent stakeholder study conducted by the authors of this paper show that in p......In recent years, Building Information Models have become commonplace in building profession. The extensive use and increasing experience with BIM models offers new perspectives and potentials for design and planning. A recent stakeholder study conducted by the authors of this paper show...... that in practice models are no longer solely observed as culmination of knowledge in a 3d representation of future built structures, but as a source of information in itself. Experienced users of BIM want to Find Information within a model or across a set of these and Compare models in order to evaluate states...... of a model, differences in separate models or models from different point of time. Current BIM tools support both modes only in a rudimentary form. This paper discusses current modes of information query within and across BIM models, shows beneficial scenarios for building and planning practice through...

  20. Assessment and Rehabilitation Issues Concerning Existing 70’s Structural Stock

    Science.gov (United States)

    Sabareanu, E.

    2017-06-01

    The last 30 years were very demanding in terms of norms and standards change concerning the structural calculus for buildings, leaving a large stock of structures erected during 70-90 decades in a weak position concerning seismic loads and loads level for live loads, wind and snow. In the same time, taking into account that a large amount of buildings are in service all over the country, they cannot be demolished, but suitable rehabilitation methods should be proposed, structural durability being achieved. The paper proposes some rehabilitation methods suitable in terms of structural safety and cost optimization for diaphragm reinforced concrete structures, with an example on an existing multi storey building.

  1. SAFRR Tsunami Scenarios and USGS-NTHMP Collaboration

    Science.gov (United States)

    Ross, S.; Wood, N. J.; Cox, D. A.; Jones, L.; Cheung, K. F.; Chock, G.; Gately, K.; Jones, J. L.; Lynett, P. J.; Miller, K.; Nicolsky, D.; Richards, K.; Wein, A. M.; Wilson, R. I.

    2015-12-01

    Hazard scenarios provide emergency managers and others with information to help them prepare for future disasters. The SAFRR Tsunami Scenario, published in 2013, modeled a hypothetical but plausible tsunami, created by an Mw9.1 earthquake occurring offshore from the Alaskan peninsula, and its impacts on the California coast. It presented the modeled inundation areas, current velocities in key ports and harbors, physical damage and repair costs, economic consequences, environmental impacts, social vulnerability, emergency management, and policy implications for California associated with the scenario tsunami. The intended users were those responsible for making mitigation decisions before and those who need to make rapid decisions during future tsunamis. It provided the basis for many exercises involving, among others, NOAA, the State of Washington, several counties in California, and the National Institutes of Health. The scenario led to improvements in the warning protocol for southern California and highlighted issues that led to ongoing work on harbor and marina safety. Building on the lessons learned in the SAFRR Tsunami Scenario, another tsunami scenario is being developed with impacts to Hawaii and to the source region in Alaska, focusing on the evacuation issues of remote communities with primarily shore parallel roads, and also on the effects of port closures. Community exposure studies in Hawaii (Ratliff et al., USGS-SIR, 2015) provided background for selecting these foci. One complicated and important aspect of any hazard scenario is defining the source event. The USGS is building collaborations with the National Tsunami Hazard Mitigation Program (NTHMP) to consider issues involved in developing a standardized set of tsunami sources to support hazard mitigation work. Other key USGS-NTHMP collaborations involve population vulnerability and evacuation modeling.

  2. Stock Indices as Generalizing Indicators of the Stock Markets Condition in the European Union Countries

    Directory of Open Access Journals (Sweden)

    Shuba M. V.

    2015-03-01

    Full Text Available The aim of the article is to determine the degree of interdependence of stock markets in separate countries of the European Union, namely: France, Germany, Great Britain, Poland, the Czech Republic and Hungary on the basis of studying the changes in stock indexes, as well as determining the existence of tendencies of approximating the dynamics of the national stock index «PFTS Index» to the corresponding dynamics of stock indexes in surveyed countries. The article analyzes the dynamics of changes in stock indices in the UK (FTSE, Germany (DAX 30, France (CAC 40 and pan-European ones (EURO STOXX 50, as well as changes in stock indices in Poland (WIG 20, Czech Republic (PX, Hungary (BUX. Calculations of the coefficients of pair correlation between changes in stock indices in the studied countries have been performed. The calculation results show a substantial connection between the indicators of changes in stock indices and allow to make a conclusion that in the dynamics of stock indices of national stock markets of the studied EU countries some common trends are observed, moreover, in the behavior of the considered indices common local trends are noticed as well. The author calculated the coefficient of pair correlation between the indicators of changes in the national stock index «PFTS Index» and the stock indices of the «old» and «new» EU countries. The calculations showed that the PFTS Index does not demonstrate a high level of correlation with stock indices of the «old» EU countries and has a tendency of approaching the corresponding dynamics of stock indices of the «new» EU countries.

  3. Building 2000

    International Nuclear Information System (INIS)

    Den Ouden, C.; Steemers, T.C.

    1992-01-01

    This is the second volume of Building 2000, a pilot project of the Commission's R and D-programme 'Solar Energy Applications to Buildings' with the purpose of encouraging the adoption of solar architecture in large buildings. In this second rich illustrated volume the results of the design studies illustrating passive solar architecture in buildings in the European Community are presented in particular for the building categories as mentioned in the subtitle. In the first volume, a similar series of studies is presented for the building categories: schools, laboratories and universities, and sports and educational centres. Several Design Support Workshops were organized during the Building 2000 programme during which Building 2000 design teams could directly exchange ideas with the various design advice experts represented at these workshops. In the second part of the Building 2000 final report a summary of a selection of many reports is presented (11 papers), as produced by Design Support experts. Most of the design support activities resulted in changes of the various designs, as have been reported by the design teams in the brochures presented in the first part of this book. It is to be expected that design aids and simulation tools for passive solar options, daylighting concepts, comfort criteria etc., will be utilized more frequently in the future. This will result in a better exchange of information between the actual design practitioners and the European R and D community. This technology transfer will result in buildings with a higher quality with respect to energy and environmental issues

  4. Building 2000

    Energy Technology Data Exchange (ETDEWEB)

    Den Ouden, C [EGM Engineering BV, Dordrecht (Netherlands); Steemers, T C [Commission of the European Communities, Brussels (Belgium)

    1992-01-01

    This is the second volume of Building 2000, a pilot project of the Commission's R and D-programme 'Solar Energy Applications to Buildings' with the purpose of encouraging the adoption of solar architecture in large buildings. In this second rich illustrated volume the results of the design studies illustrating passive solar architecture in buildings in the European Community are presented in particular for the building categories as mentioned in the subtitle. In the first volume, a similar series of studies is presented for the building categories: schools, laboratories and universities, and sports and educational centres. Several Design Support Workshops were organized during the Building 2000 programme during which Building 2000 design teams could directly exchange ideas with the various design advice experts represented at these workshops. In the second part of the Building 2000 final report a summary of a selection of many reports is presented (11 papers), as produced by Design Support experts. Most of the design support activities resulted in changes of the various designs, as have been reported by the design teams in the brochures presented in the first part of this book. It is to be expected that design aids and simulation tools for passive solar options, daylighting concepts, comfort criteria etc., will be utilized more frequently in the future. This will result in a better exchange of information between the actual design practitioners and the European R and D community. This technology transfer will result in buildings with a higher quality with respect to energy and environmental issues.

  5. Social Foundation of Scenario Planning

    DEFF Research Database (Denmark)

    Rowland, Nicholas James; Spaniol, Matthew Jon

    2017-01-01

    In this article, the authors establish that models of scenario planning typically involve a series of phases, stages, or steps that imply a sequenced (i.e., linear or chronological) process. Recursive models, in contrast, allow phases to repeat, thus, incorporating iteration. The authors acknowle......In this article, the authors establish that models of scenario planning typically involve a series of phases, stages, or steps that imply a sequenced (i.e., linear or chronological) process. Recursive models, in contrast, allow phases to repeat, thus, incorporating iteration. The authors...... from science and technology studies (STS) on knowledge production, the authors explain transition from one phase to the next and iteration between and within phases based on social negotiation. To this end, the authors examine the interplay between the “scenario development” phase and the “scenario use......” phase of a planning process with a non-governmental organization in Denmark. The upshot for facilitators is practical insight into how transition between phases and phase iteration in scenario planning can be identified, leveraged, and, thus, managed. The upshot for scholars is a related insight...

  6. The modifying effect of the building envelope on population exposure to PM2.5 from outdoor sources

    Science.gov (United States)

    Taylor, J; Shrubsole, C; Davies, M; Biddulph, P; Das, P; Hamilton, I; Vardoulakis, S; Mavrogianni, A; Jones, B; Oikonomou, E

    2014-01-01

    A number of studies have estimated population exposure to PM2.5 by examining modeled or measured outdoor PM2.5 levels. However, few have taken into account the mediating effects of building characteristics on the ingress of PM2.5 from outdoor sources and its impact on population exposure in the indoor domestic environment. This study describes how building simulation can be used to determine the indoor concentration of outdoor-sourced pollution for different housing typologies and how the results can be mapped using building stock models and Geographical Information Systems software to demonstrate the modifying effect of dwellings on occupant exposure to PM2.5 across London. Building archetypes broadly representative of those in the Greater London Authority were simulated for pollution infiltration using EnergyPlus. In addition, the influence of occupant behavior on indoor levels of PM2.5 from outdoor sources was examined using a temperature-dependent window-opening scenario. Results demonstrate a range of I/O ratios of PM2.5, with detached and semi-detached dwellings most vulnerable to high levels of infiltration. When the results are mapped, central London shows lower I/O ratios of PM2.5 compared with outer London, an apparent inversion of exposure most likely caused by the prevalence of flats rather than detached or semi-detached properties. PMID:24713025

  7. New reactors concepts and scenarios

    International Nuclear Information System (INIS)

    Gandini, A.

    2001-01-01

    In recent years an increasing interest is observed with respect to subcritical, accelerator driven systems (ADS), for their possible role in perspective future nuclear energy scenarios, as actinide (Pu and MA) incinerators, and/or claimed energy plants with potential enhanced safety characteristics. Important research programs are devoted to the various related fields of research. Extensive studies on the ADS behavior under incidental conditions are in particular made, for verifying their claimed advantage, under the safety point of view, with respect to the corresponding critical reactors. Corresponding medium and long range scenarios are being studied to cope with a number of concerns associated with the safety (power excursions. residual heat risk), as well as with the fuel flow (criticality accidents, fuel diversion, radiological risk, proliferation). In the present work we shall try to review current lines of research in this field, and comment on possible scenarios so far envisaged. (author)

  8. Laboratory Building

    Energy Technology Data Exchange (ETDEWEB)

    Herrera, Joshua M. [Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)

    2015-03-01

    This report is an analysis of the means of egress and life safety requirements for the laboratory building. The building is located at Sandia National Laboratories (SNL) in Albuquerque, NM. The report includes a prescriptive-based analysis as well as a performance-based analysis. Following the analysis are appendices which contain maps of the laboratory building used throughout the analysis. The top of all the maps is assumed to be north.

  9. Improving the Earthquake Resilience of Buildings The worst case approach

    CERN Document Server

    Takewaki, Izuru; Fujita, Kohei

    2013-01-01

    Engineers are always interested in the worst-case scenario. One of the most important and challenging missions of structural engineers may be to narrow the range of unexpected incidents in building structural design. Redundancy, robustness and resilience play an important role in such circumstances. Improving the Earthquake Resilience of Buildings: The worst case approach discusses the importance of worst-scenario approach for improved earthquake resilience of buildings and nuclear reactor facilities. Improving the Earthquake Resilience of Buildings: The worst case approach consists of two parts. The first part deals with the characterization and modeling of worst or critical ground motions on inelastic structures and the related worst-case scenario in the structural design of ordinary simple building structures. The second part of the book focuses on investigating the worst-case scenario for passively controlled and base-isolated buildings. This allows for detailed consideration of a range of topics includin...

  10. The European Energy Performance of Buildings Directive

    DEFF Research Database (Denmark)

    Petersen, Steffen; Hviid, Christian Anker

    This paper investigates the actual energy use for building operation with the calculated energy use according to the Danish implementation of the European Energy Performance of Buildings Directive (EPBD). This is important to various stakeholders in the building industry as the calculated energy...... performance is used for estimating investment security, operating budgets and for policy making. A case study shows that the actual and calculated energy use is practically the same in an average scenario. In the worst-case uncertainty scenario, the actual energy use is 20 % higher than the corrected...

  11. The SAFRR tsunami scenario-physical damage in California: Chapter E in The SAFRR (Science Application for Risk Reduction) Tsunami Scenario

    Science.gov (United States)

    Porter, Keith; Byers, William; Dykstra, David; Lim, Amy; Lynett, Patrick; Ratliff, Jaime; Scawthorn, Charles; Wein, Anne; Wilson, Rick

    2013-01-01

    his chapter attempts to depict a single realistic outcome of the SAFRR (Science Application for Risk Reduction) tsunami scenario in terms of physical damage to and recovery of various aspects of the built environment in California. As described elsewhere in this report, the tsunami is generated by a hypothetical magnitude 9.1 earthquake seaward of the Alaska Peninsula on the Semidi Sector of the Alaska–Aleutian Subduction Zone, 495 miles southwest of Anchorage, at 11:50 a.m. Pacific Daylight Time (PDT) on Thursday March 27, 2014, and arriving at the California coast between 4:00 and 5:40 p.m. (depending on location) the same day. Although other tsunamis could have locally greater impact, this source represents a substantial threat to the state as a whole. One purpose of this chapter is to help operators and users of coastal assets throughout California to develop emergency plans to respond to a real tsunami. Another is to identify ways that operators or owners of these assets can think through options for reducing damage before a future tsunami. A third is to inform the economic analyses for the SAFRR tsunami scenario. And a fourth is to identify research needs to better understand the possible consequences of a tsunami on these assets. The asset classes considered here include the following: Piers, cargo, buildings, and other assets at the Ports of Los Angeles and Long Beach Large vessels in the Ports of Los Angeles and Long Beach Marinas and small craft Coastal buildings Roads and roadway bridges Rail, railway bridges, and rolling stock Agriculture Fire following tsunami Each asset class is examined in a subsection of this chapter. In each subsection, we generally attempt to offer a historical review of damage. We characterize and quantify the assets exposed to loss and describe the modes of damage that have been observed in past tsunamis or are otherwise deemed likely to occur in the SAFRR tsunami scenario. Where practical, we offer a mathematical model of the

  12. NEC-2020 emission reduction scenarios

    DEFF Research Database (Denmark)

    Slentø, Erik; Nielsen, Ole-Kenneth; Hoffmann, Leif

    The upcoming NEC-2020 EU directive sets up emission ceilings for NOX, SO2, NH3, NMVOC and PM in order to meet the environmental exposure targets of the Thematic Strategy. This report contains an assessment of intermediary emission reduction scenarios for Denmark, computed by the GAINS model 2007,......, which serves as the basis for the pending negotiations in EU. The assessment is brought up to date by including a brief evaluation of the new reduction scenarios published in 2008, founding the European Commission NEC-2020 directive proposal....

  13. Alaskan soil carbon stocks: spatial variability and dependence on environmental factors

    Directory of Open Access Journals (Sweden)

    U. Mishra

    2012-09-01

    Full Text Available The direction and magnitude of soil organic carbon (SOC changes in response to climate change depend on the spatial and vertical distributions of SOC. We estimated spatially resolved SOC stocks from surface to C horizon, distinguishing active-layer and permafrost-layer stocks, based on geospatial analysis of 472 soil profiles and spatially referenced environmental variables for Alaska. Total Alaska state-wide SOC stock was estimated to be 77 Pg, with 61% in the active-layer, 27% in permafrost, and 12% in non-permafrost soils. Prediction accuracy was highest for the active-layer as demonstrated by highest ratio of performance to deviation (1.5. Large spatial variability was predicted, with whole-profile, active-layer, and permafrost-layer stocks ranging from 1–296 kg C m−2, 2–166 kg m−2, and 0–232 kg m−2, respectively. Temperature and soil wetness were found to be primary controllers of whole-profile, active-layer, and permafrost-layer SOC stocks. Secondary controllers, in order of importance, were found to be land cover type, topographic attributes, and bedrock geology. The observed importance of soil wetness rather than precipitation on SOC stocks implies that the poor representation of high-latitude soil wetness in Earth system models may lead to large uncertainty in predicted SOC stocks under future climate change scenarios. Under strict caveats described in the text and assuming temperature changes from the A1B Intergovernmental Panel on Climate Change emissions scenario, our geospatial model indicates that the equilibrium average 2100 Alaska active-layer depth could deepen by 11 cm, resulting in a thawing of 13 Pg C currently in permafrost. The equilibrium SOC loss associated with this warming would be highest under continuous permafrost (31%, followed by discontinuous (28%, isolated (24.3%, and sporadic (23.6% permafrost areas. Our high-resolution mapping of soil carbon stock reveals the

  14. Analysing News for Stock Market Prediction

    Science.gov (United States)

    Ramalingam, V. V.; Pandian, A.; Dwivedi, shivam; Bhatt, Jigar P.

    2018-04-01

    Stock market means the aggregation of all sellers and buyers of stocks representing their ownership claims on the business. To be completely absolute about the investment on these stocks, proper knowledge about them as well as their pricing, for both present and future is very essential. Large amount of data is collected and parsed to obtain this essential information regarding the fluctuations in the stock market. This data can be any news or public opinions in general. Recently, many methods have been used, especially big unstructured data methods to predict the stock market values. We introduce another method of focusing on deriving the best statistical learning model for predicting the future values. The data set used is very large unstructured data collected from an online social platform, commonly known as Quindl. The data from this platform is then linked to a csv fie and cleaned to obtain the essential information for stock market prediction. The method consists of carrying out the NLP (Natural Language Processing) of the data and then making it easier for the system to understand, finds and identifies the correlation in between this data and the stock market fluctuations. The model is implemented using Python Programming Language throughout the entire project to obtain flexibility and convenience of the system.

  15. Hidden Markov Model for Stock Selection

    Directory of Open Access Journals (Sweden)

    Nguyet Nguyen

    2015-10-01

    Full Text Available The hidden Markov model (HMM is typically used to predict the hidden regimes of observation data. Therefore, this model finds applications in many different areas, such as speech recognition systems, computational molecular biology and financial market predictions. In this paper, we use HMM for stock selection. We first use HMM to make monthly regime predictions for the four macroeconomic variables: inflation (consumer price index (CPI, industrial production index (INDPRO, stock market index (S&P 500 and market volatility (VIX. At the end of each month, we calibrate HMM’s parameters for each of these economic variables and predict its regimes for the next month. We then look back into historical data to find the time periods for which the four variables had similar regimes with the forecasted regimes. Within those similar periods, we analyze all of the S&P 500 stocks to identify which stock characteristics have been well rewarded during the time periods and assign scores and corresponding weights for each of the stock characteristics. A composite score of each stock is calculated based on the scores and weights of its features. Based on this algorithm, we choose the 50 top ranking stocks to buy. We compare the performances of the portfolio with the benchmark index, S&P 500. With an initial investment of $100 in December 1999, over 15 years, in December 2014, our portfolio had an average gain per annum of 14.9% versus 2.3% for the S&P 500.

  16. Manufacturing Capital Lingers in the Stock Market

    Institute of Scientific and Technical Information of China (English)

    吴程涛; 段铸; 张景宇; 张曙光

    2008-01-01

    Pressured by a slowdown in exports, cost increases and dwindling returns to manufacturing investments, China’s manufacturing capital has begun to shift to the real-estate and stock markets. As a matter of fact, the stock market had already felt a shock a couple of years ago when top domestic manufacturers like Midea, Gree, TCL and LMZ started to invest their idle capital in the real-estate and stock markets. Investments of manufacturing capital in both the real estate and stock markets have increased fluid capital and pushed up the value of both markets. Booms in both markets have in turn guaranteed investment returns of manufacturing capital, which further increased the stock market valuations of manufacturing capital. Such a cycle has created interest chains between listed manufacturers, the stock market and the real-estate market. Along with the ups and downs of the stock and real-estate markets, manufacturing capital now faces a dilemma: to escape or to persist? Where should it escape? When can the markets be profitable again? Just like the classic Shakespearean question: to be or not to be, that is the question.

  17. Asymmetric conditional volatility in international stock markets

    Science.gov (United States)

    Ferreira, Nuno B.; Menezes, Rui; Mendes, Diana A.

    2007-08-01

    Recent studies show that a negative shock in stock prices will generate more volatility than a positive shock of similar magnitude. The aim of this paper is to appraise the hypothesis under which the conditional mean and the conditional variance of stock returns are asymmetric functions of past information. We compare the results for the Portuguese Stock Market Index PSI 20 with six other Stock Market Indices, namely the SP 500, FTSE 100, DAX 30, CAC 40, ASE 20, and IBEX 35. In order to assess asymmetric volatility we use autoregressive conditional heteroskedasticity specifications known as TARCH and EGARCH. We also test for asymmetry after controlling for the effect of macroeconomic factors on stock market returns using TAR and M-TAR specifications within a VAR framework. Our results show that the conditional variance is an asymmetric function of past innovations raising proportionately more during market declines, a phenomenon known as the leverage effect. However, when we control for the effect of changes in macroeconomic variables, we find no significant evidence of asymmetric behaviour of the stock market returns. There are some signs that the Portuguese Stock Market tends to show somewhat less market efficiency than other markets since the effect of the shocks appear to take a longer time to dissipate.

  18. Not all that glitters is RMT in the forecasting of risk of portfolios in the Brazilian stock market

    Science.gov (United States)

    Sandoval, Leonidas; Bortoluzzo, Adriana Bruscato; Venezuela, Maria Kelly

    2014-09-01

    Using stocks of the Brazilian stock exchange (BM&F-Bovespa), we build portfolios of stocks based on Markowitz's theory and test the predicted and realized risks. This is done using the correlation matrices between stocks, and also using Random Matrix Theory in order to clean such correlation matrices from noise. We also calculate correlation matrices using a regression model in order to remove the effect of common market movements and their cleaned versions using Random Matrix Theory. This is done for years of both low and high volatility of the Brazilian stock market, from 2004 to 2012. The results show that the use of regression to subtract the market effect on returns greatly increases the accuracy of the prediction of risk, and that, although the cleaning of the correlation matrix often leads to portfolios that better predict risks, in periods of high volatility of the market this procedure may fail to do so. The results may be used in the assessment of the true risks when one builds a portfolio of stocks during periods of crisis.

  19. Attributes Of Quality Scenarios/Scenario Sets Used In Software Requirements Elicitation

    National Research Council Canada - National Science Library

    Braun, Kimberly

    1997-01-01

    .... This thesis examines scenarios used in software requirements elicitation. Many different definitions, formats, and ideas exist on scenarios, but no thorough work has been done on what makes a good, quality scenario and scenario set...

  20. The dependence of Islamic and conventional stocks: A copula approach

    Science.gov (United States)

    Razak, Ruzanna Ab; Ismail, Noriszura

    2015-09-01

    Recent studies have found that Islamic stocks are dependent on conventional stocks and they appear to be more risky. In Asia, particularly in Islamic countries, research on dependence involving Islamic and non-Islamic stock markets is limited. The objective of this study is to investigate the dependence between financial times stock exchange Hijrah Shariah index and conventional stocks (EMAS and KLCI indices). Using the copula approach and a time series model for each marginal distribution function, the copula parameters were estimated. The Elliptical copula was selected to present the dependence structure of each pairing of the Islamic stock and conventional stock. Specifically, the Islamic versus conventional stocks (Shariah-EMAS and Shariah-KLCI) had lower dependence compared to conventional versus conventional stocks (EMAS-KLCI). These findings suggest that the occurrence of shocks in a conventional stock will not have strong impact on the Islamic stock.

  1. Financing R & D with Knowledge Stock Rentals

    OpenAIRE

    John M. Hartwick

    1993-01-01

    We set out an endogenous growth model along the lines of Romer(1990) and investigate the implications of financing new knowledge production (R&D) with rental income accruing to the knowledge stock used in goods production. The knowledge stock is a non-public input in goods production. The balance growth rate under optimal growth can be greater or less than that under the invest knowledge stock rentals regime depends on the parameters of the production function and not on the parameters of pre...

  2. Oil Volatility Risk and Expected Stock Returns

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Pan, Xuhui (Nick)

    After the financialization of commodity futures markets in 2004-05 oil volatility has become a strong predictor of returns and volatility of the overall stock market. Furthermore, stocks' exposure to oil volatility risk now drives the cross-section of expected returns. The difference in average...... return between the quintile of stocks with low exposure and high exposure to oil volatility is significant at 0.66% per month, and oil volatility risk carries a significant risk premium of -0.60% per month. In the post-financialization period, oil volatility risk is strongly related with various measures...

  3. UNDERGROUND ECONOMY, GDP AND STOCK MARKET

    Directory of Open Access Journals (Sweden)

    Caus Vasile Aurel

    2012-07-01

    Full Text Available Economic growth is affected by the size and dynamics of underground economy. Determining this size is a subject of research for many authors. In this paper we present the relationship between underground economy dynamics and the dynamics of stock markets. The observations are based on regression used by Tanzi (1983 and the relationship between GDP and stock market presented in Tudor (2008. The conclusion of this paper is that the dynamics of underground economy is influenced by dynamic of financial markets. Thus, using specific stock market mathematical tools analysis, one can analyze the dynamic of underground economy

  4. Twitter as driver of stock price

    OpenAIRE

    Jubbega, Annika

    2012-01-01

    The goal of this research is to examine the dynamic relationship of Twitter and stock price, by examining the effects for the ten most valuable brands according Interbrand (2010): Coca-Cola, IBM, Microsoft, Google, McDonald’s, Intel, Nokia, Disney, Toyota and Cisco. A VAR modelling approach captures the short and long term effects of Twitter to stock price and stock price to Twitter. Effects were found for 5 of the 10 brand. For Coca-Cola and Toyota, the number of brand sentiment tweets dri...

  5. Fish stocking density impacts tank hydrodynamics

    DEFF Research Database (Denmark)

    Rasmussen, Michael R.; Lunger, Angela; Laursen, Jesper

    2006-01-01

    The effect of stocking density upon the hydrodynamics of a circular tank, configured in a recirculation system, was investigated. Red drums Sciaenops ocellatus of approximately 140 g wet weight, were stocked at five rates varying from 0 to 12 kg m-3. The impact of the presence of fish upon tank...... hydrodynamics was established using in-tank-based Rhodamine WT fluorometry at a flow rate of 0.23 l s-1 (tank exchange rate of 1.9 h-1). With increasing numbers of animals, curvilinear relationships were observed for dispersion coefficients and tank mixing times. Stocking densities of 3, 6, 9 and 12 kg m-3...

  6. Energy Efficiency Potential in the U.S. Single-Family Housing Stock

    Energy Technology Data Exchange (ETDEWEB)

    Wilson, Eric J. [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Christensen, Craig B. [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Horowitz, Scott G. [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Robertson, Joseph J. [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Maguire, Jeffrey B. [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-12-19

    Typical approaches for assessing energy efficiency potential in buildings use a limited number of prototypes, and therefore suffer from inadequate resolution when pass-fail cost-effectiveness tests are applied, which can significantly underestimate or overestimate the economic potential of energy efficiency technologies. This analysis applies a new approach to large-scale residential energy analysis, combining the use of large public and private data sources, statistical sampling, detailed building simulations, and high-performance computing to achieve unprecedented granularity - and therefore accuracy - in modeling the diversity of the single-family housing stock. The result is a comprehensive set of maps, tables, and figures showing the technical and economic potential of 50 plus residential energy efficiency upgrades and packages for each state. Policymakers, program designers, and manufacturers can use these results to identify upgrades with the highest potential for cost-effective savings in a particular state or region, as well as help identify customer segments for targeted marketing and deployment. The primary finding of this analysis is that there is significant technical and economic potential to save electricity and on-site fuel use in the single-family housing stock. However, the economic potential is very sensitive to the cost-effectiveness criteria used for analysis. Additionally, the savings of particular energy efficiency upgrades is situation-specific within the housing stock (depending on climate, building vintage, heating fuel type, building physical characteristics, etc.).

  7. Large Ensemble Analytic Framework for Consequence-Driven Discovery of Climate Change Scenarios

    Science.gov (United States)

    Lamontagne, Jonathan R.; Reed, Patrick M.; Link, Robert; Calvin, Katherine V.; Clarke, Leon E.; Edmonds, James A.

    2018-03-01

    An analytic scenario generation framework is developed based on the idea that the same climate outcome can result from very different socioeconomic and policy drivers. The framework builds on the Scenario Matrix Framework's abstraction of "challenges to mitigation" and "challenges to adaptation" to facilitate the flexible discovery of diverse and consequential scenarios. We combine visual and statistical techniques for interrogating a large factorial data set of 33,750 scenarios generated using the Global Change Assessment Model. We demonstrate how the analytic framework can aid in identifying which scenario assumptions are most tied to user-specified measures for policy relevant outcomes of interest, specifically for our example high or low mitigation costs. We show that the current approach for selecting reference scenarios can miss policy relevant scenario narratives that often emerge as hybrids of optimistic and pessimistic scenario assumptions. We also show that the same scenario assumption can be associated with both high and low mitigation costs depending on the climate outcome of interest and the mitigation policy context. In the illustrative example, we show how agricultural productivity, population growth, and economic growth are most predictive of the level of mitigation costs. Formulating policy relevant scenarios of deeply and broadly uncertain futures benefits from large ensemble-based exploration of quantitative measures of consequences. To this end, we have contributed a large database of climate change futures that can support "bottom-up" scenario generation techniques that capture a broader array of consequences than those that emerge from limited sampling of a few reference scenarios.

  8. Program Analysis Scenarios in Rascal

    NARCIS (Netherlands)

    M.A. Hills (Mark); P. Klint (Paul); J.J. Vinju (Jurgen); F. Durán

    2012-01-01

    textabstractRascal is a meta programming language focused on the implementation of domain-specific languages and on the rapid construction of tools for software analysis and software transformation. In this paper we focus on the use of Rascal for software analysis. We illustrate a range of scenarios

  9. Scenario Based Network Infrastructure Planning

    DEFF Research Database (Denmark)

    Knudsen, Thomas Phillip; Pedersen, Jens Myrup; Madsen, Ole Brun

    2005-01-01

    The paper presents a method for IT infrastructure planning that take into account very long term developments in usages. The method creates a scenario for a final, time independent stage in the planning process. The method abstracts relevant modelling factors from available information...

  10. Multiscale scenarios for nature futures

    CSIR Research Space (South Africa)

    Rosa, IMD

    2017-09-01

    Full Text Available & Evolution, vol. 1: 1416-1419 Multiscale scenarios for nature futures Rosa IMD Pereira HM Ferrier S Alkemade R Acosta LA Akcakaya HR den Belder E Fazel AM Fujimori S Sitas NE ABSTRACT: Targets for human development are increasingly...

  11. Shell energy scenarios to 2050

    International Nuclear Information System (INIS)

    2008-01-01

    Shell developed two scenarios that describe alternative ways the energy future may develop. In the first scenario (Scramble) policymakers pay little attention to more efficient energy use until supplies are tight. Likewise, greenhouse gas emissions are not seriously addressed until there are major climate shocks. In the second scenario (Blueprints) growing local actions begin to address the challenges of economic development, energy security and environmental pollution. A price is applied to a critical mass of emissions giving a huge stimulus to the development of clean energy technologies, such as carbon dioxide capture and storage, and energy efficiency measures. The result is far lower carbon dioxide emissions. Both these scenarios can help Shell to test their strategy against a range of possible developments over the long-term. However, according to Shell, the Blueprints' outcomes offer the best hope for a sustainable future, whether or not they arise exactly in the way described. However, with the right combination of policy, technology and commitment from governments, industry and society globally, Shell believes it can be realized. But achieving the targets will not be easy, and time is short. Clear thinking, huge investment, and effective leadership are required

  12. Building a capacity building manual

    CSIR Research Space (South Africa)

    Clinton, DD

    2010-02-01

    Full Text Available Organizations 2010 Building a capacity building manual Daniel D. Clinton, Jr., P.E., F.NSPE Chair, WFEO Capacity Building Committee Dr Andrew Cleland, FIPENZ, Chief Executive, IPENZ, NZ Eng David Botha, FSAICE, Executive Director, SAICE, SA Dawit... 2010 Tertiary level University curricula Coaches and mentors Facilities EXCeeD Remuneration of Academics Experiential training Outreach to Students Students chapters Young members forum World Federation of Engineering Organizations 2010 Post...

  13. Energy in buildings: Efficiency, renewables and storage

    Science.gov (United States)

    Koebel, Matthias M.

    2017-07-01

    This lecture summary provides a short but comprehensive overview on the "energy and buildings" topic. Buildings account for roughly 40% of the global energy demands. Thus, an increased adoption of existing and upcoming materials and solutions for the building sector represents an enormous potential to reduce building related energy demands and greenhouse gas emissions. The central question is how the building envelope (insulation, fenestration, construction style, solar control) affects building energy demands. Compared to conventional insulation materials, superinsulation materials such as vacuum insulation panels and silica aerogel achieve the same thermal performance with significantly thinner insulation layers. With low-emissivity coatings and appropriate filler gasses, double and triple glazing reduce thermal losses by up to an order of magnitude compared to old single pane windows, while vacuum insulation and aerogel filled glazing could reduce these even further. Electrochromic and other switchable glazing solutions maximize solar gains during wintertime and minimize illumination demands whilst avoiding overheating in summer. Upon integration of renewable energy systems into the building energy supply, buildings can become both producers and consumers of energy. Combined with dynamic user behavior, temporal variations in the production of renewable energy require appropriate storage solutions, both thermal and electrical, and the integration of buildings into smart grids and energy district networks. The combination of these measures allows a reduction of the existing building stock by roughly a factor of three —a promising, but cost intensive way, to prepare our buildings for the energy turnaround.

  14. Co-integration and Causality Among Jakarta Stock Exchange, Singapore Stock Exchange, and Kuala Lumpur Stock Exchange

    OpenAIRE

    Febrian, Erie; Herwany, Aldrin

    2007-01-01

    For both risk management and portfolio selection purposes, modeling the linkage across financial markets is crucial, especially among neighboring stock markets. In investigating the dependence or co-movement of three or more stock markets in different countries, researchers frequently use co-integration and causality analysis. Nevertheless, they conducted the causality in mean tests but not the causality in variance tests. This paper examines the co-integration and causal relations among ...

  15. A scenario for interstellar exploration and its financing

    CERN Document Server

    Bignami, Giovanni F

    2013-01-01

    This book develops a credible scenario for interstellar exploration and colonization. In so doing, it examines: • the present situation and prospects for interstellar exploration technologies; • where to go: the search for habitable planets; • the motivations for space travel and colonization; • the financial mechanisms required to fund such enterprises. The final section of the book analyzes the uncertainties surrounding the presented scenario. The purpose of building a scenario is not only to pinpoint future events but also to highlight the uncertainties that may propel the future in different directions. Interstellar travel and colonization requires a civilization in which human beings see themselves as inhabitants of a single planet and in which global governance of these processes is conducted on a cooperative basis. The key question is, then, whether our present civilization is ready for such an endeavor, reflecting the fact that the critical uncertainties are political and cultural in nature. I...

  16. Assessment of soil organic carbon stocks under future climate and land cover changes in Europe.

    Science.gov (United States)

    Yigini, Yusuf; Panagos, Panos

    2016-07-01

    Soil organic carbon plays an important role in the carbon cycling of terrestrial ecosystems, variations in soil organic carbon stocks are very important for the ecosystem. In this study, a geostatistical model was used for predicting current and future soil organic carbon (SOC) stocks in Europe. The first phase of the study predicts current soil organic carbon content by using stepwise multiple linear regression and ordinary kriging and the second phase of the study projects the soil organic carbon to the near future (2050) by using a set of environmental predictors. We demonstrate here an approach to predict present and future soil organic carbon stocks by using climate, land cover, terrain and soil data and their projections. The covariates were selected for their role in the carbon cycle and their availability for the future model. The regression-kriging as a base model is predicting current SOC stocks in Europe by using a set of covariates and dense SOC measurements coming from LUCAS Soil Database. The base model delivers coefficients for each of the covariates to the future model. The overall model produced soil organic carbon maps which reflect the present and the future predictions (2050) based on climate and land cover projections. The data of the present climate conditions (long-term average (1950-2000)) and the future projections for 2050 were obtained from WorldClim data portal. The future climate projections are the recent climate projections mentioned in the Fifth Assessment IPCC report. These projections were extracted from the global climate models (GCMs) for four representative concentration pathways (RCPs). The results suggest an overall increase in SOC stocks by 2050 in Europe (EU26) under all climate and land cover scenarios, but the extent of the increase varies between the climate model and emissions scenarios. Copyright © 2016 The Authors. Published by Elsevier B.V. All rights reserved.

  17. Fuzzy C-Means Clustering Model Data Mining For Recognizing Stock Data Sampling Pattern

    Directory of Open Access Journals (Sweden)

    Sylvia Jane Annatje Sumarauw

    2007-06-01

    Full Text Available Abstract Capital market has been beneficial to companies and investor. For investors, the capital market provides two economical advantages, namely deviden and capital gain, and a non-economical one that is a voting .} hare in Shareholders General Meeting. But, it can also penalize the share owners. In order to prevent them from the risk, the investors should predict the prospect of their companies. As a consequence of having an abstract commodity, the share quality will be determined by the validity of their company profile information. Any information of stock value fluctuation from Jakarta Stock Exchange can be a useful consideration and a good measurement for data analysis. In the context of preventing the shareholders from the risk, this research focuses on stock data sample category or stock data sample pattern by using Fuzzy c-Me, MS Clustering Model which providing any useful information jar the investors. lite research analyses stock data such as Individual Index, Volume and Amount on Property and Real Estate Emitter Group at Jakarta Stock Exchange from January 1 till December 31 of 204. 'he mining process follows Cross Industry Standard Process model for Data Mining (CRISP,. DM in the form of circle with these steps: Business Understanding, Data Understanding, Data Preparation, Modelling, Evaluation and Deployment. At this modelling process, the Fuzzy c-Means Clustering Model will be applied. Data Mining Fuzzy c-Means Clustering Model can analyze stock data in a big database with many complex variables especially for finding the data sample pattern, and then building Fuzzy Inference System for stimulating inputs to be outputs that based on Fuzzy Logic by recognising the pattern. Keywords: Data Mining, AUz..:y c-Means Clustering Model, Pattern Recognition

  18. Japanese FR Deployment Scenario Study after the Fukushima Accident

    International Nuclear Information System (INIS)

    Ono, Kiyoshi; Shiotani, Hiroki; Ohtaki, Akira; Mukaida, Kyoko; Abe, Tomoyuki

    2013-01-01

    Conclusion: • The results revealed a need for the implementation of reprocessing and development of FR from the view point of reducing waste, etc. in the medium to long term. • JAEA’s contribution to international cooperation and standardization focusing on the enhancement of safety and reduction of the radioactive waste burden will be increasingly important in current situation. • JAEA intend to continue to build and propose FR deployment scenarios and identify their characteristics

  19. THE EFFECT OF MACROECONOMIC VARIABLES ON BANKING STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE

    Directory of Open Access Journals (Sweden)

    Laduna R.

    2018-01-01

    Full Text Available Stock price index can be regarded as a barometer in the measuremet of a nation’s economic condition, besides it can also be used in conducting statistical analysis on the current market. Stock is the proof of one’s share in a company in the form of securities issued by the listed go-public companies. This study was conducted to measure the effect of macroeconomic variables such as inflation, interest rate, and exchange rate on banking stock price index in Indonesia stock exchange or Bursa Efek Indonesia (BEI. The results of study show that inflation and exchange rate posively influence the stock price index. The positive effect of the exchange rate shows that issuers who were positively affected by Rupiah (IDR depreciation appear to be the most dominant group. Meanwhile, the interest rate or Suku Bunga (SBI has a negative effect. Lower interest rate stimulates higher investments and better economic activities which increase the stock price.

  20. Policy Pathways: Modernising Building Energy Codes

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2013-08-01

    Buildings are the largest consumers of energy worldwide and will continue to be a source of increasing energy demand in the future. Globally, the sector’s final energy consumption doubled between 1971 and 2010 to reach 2 794 million tonnes of oil equivalent (Mtoe), driven primarily by population increase and economic growth. Under current policies, the global energy demand of buildings is projected by the IEA experts to grow by an additional 838 Mtoe by 2035 compared to 2010. The challenges of the projected increase of energy consumption due to the built environment vary by country. In IEA member countries, much of the future buildings stock is already in place, and so the main challenge is to renovate existing buildings stock. In non-IEA countries, more than half of the buildings stock needed by 2050 has yet to be built. The IEA and the UNDP partnered to analyse current practices in the design and implementation of building energy codes. The aim is to consolidate existing efforts and to encourage more attention to the role of the built environment in a low-carbon and climate-resilient world. This joint IEA-UNDP Policy Pathway aims to share lessons learned between IEA member countries and non-IEA countries. The objective is to spread best practices, limit pressures on global energy supply, improve energy security, and contribute to environmental sustainability. Part of the IEA Policy Pathway series, Modernising building energy codes to secure our global energy future sets out key steps in planning, implementation, monitoring and evaluation. The Policy Pathway series aims to help policy makers implement the IEA 25 Energy Efficiency Policy Recommendations endorsed by IEA Ministers (2011).

  1. Functional materials for energy-efficient buildings

    Science.gov (United States)

    Ebert, H.-P.

    2015-08-01

    The substantial improving of the energy efficiency is essential to meet the ambitious energy goals of the EU. About 40% of the European energy consumption belongs to the building sector. Therefore the reduction of the energy demand of the existing building stock is one of the key measures to deliver a substantial contribution to reduce CO2-emissions of our society. Buildings of the future have to be efficient in respect to energy consumption for construction and operation. Current research activities are focused on the development of functional materials with outstanding thermal and optical properties to provide, for example, slim thermally superinsulated facades, highly integrated heat storage systems or adaptive building components. In this context it is important to consider buildings as entities which fulfill energy and comfort claims as well as aesthetic aspects of a sustainable architecture.

  2. Functional materials for energy-efficient buildings

    Directory of Open Access Journals (Sweden)

    Ebert H.-P

    2015-01-01

    Full Text Available The substantial improving of the energy efficiency is essential to meet the ambitious energy goals of the EU. About 40% of the European energy consumption belongs to the building sector. Therefore the reduction of the energy demand of the existing building stock is one of the key measures to deliver a substantial contribution to reduce CO2-emissions of our society. Buildings of the future have to be efficient in respect to energy consumption for construction and operation. Current research activities are focused on the development of functional materials with outstanding thermal and optical properties to provide, for example, slim thermally superinsulated facades, highly integrated heat storage systems or adaptive building components. In this context it is important to consider buildings as entities which fulfill energy and comfort claims as well as aesthetic aspects of a sustainable architecture.

  3. Market Performance and Accounting Information as the Reference of Stocks Portfolio Formation in Indonesia Stock Exchange

    OpenAIRE

    Pasaribu, Rowland Bismark Fernando

    2009-01-01

    This study aimed to a stock portfolio formed with composite of companies market (PER, PBV, ROE, EPS, PSR, and B/M, VaR) and accounting performance (ROE, and EPS) also their market capitalization in Indonesia Stock Exchange period 2003-2006. Some clarification need to achieved, such as: real difference among variabel refer to their market capitalization and influence of predictor to stock return. Hereinafter, the performance of selected portfolio were evaluated. The evaluation result conclude ...

  4. The Stock Market's Reaction to Unemployment News: Why Bad News is Usually Good for Stocks

    OpenAIRE

    John H. Boyd; Ravi Jagannathan; Jian Hu

    2001-01-01

    We find that on average an announcement of rising unemployment is 'good news' for stocks during economic expansions and 'bad news' during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant for valuing stocks: information about future interest rates and future corporate earnings and divide...

  5. NegaWatt 2011-2050 scenario - Hypotheses and method. Technical report, May 2014

    International Nuclear Information System (INIS)

    2014-05-01

    This report proposes an analysis of the negaWatt 2011 scenario. It describes in detail the methodology adopted to elaborate this prospective scenario, and presents the major part of the hypotheses which structure this scenario. A first part presents the approach and methodology (constraints, scenario, model). The second part addresses the issue of energy saving and energy efficiency through a sector-based analysis (housing and office building, transports, industrial and agricultural production). The third part studies the substitution by renewable energies through a supply analysis: energy production based on biomass, renewable energies, and fissile and fossil energies. It outlines the major role of grids in the supply-demand balance. The results of the negaWatt 2011 scenario are presented in terms of final energy, primary energies, and impact on greenhouse gas emissions. Hypotheses and results related to the different sectors (building, transports, industry and agriculture, energy production) are given in appendix

  6. Community monitoring of carbon stocks for REDD+

    DEFF Research Database (Denmark)

    Brofeldt, Søren; Theilade, Ida; Burgess, Neil David

    2014-01-01

    Reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable management of forests, and enhancement of forest carbon stocks in developing countries (REDD+) is a potentially powerful international policy mechanism that many tropica...

  7. SIS - Species and Stock Administrative Data Set

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Species and Stock Administrative data set within the Species Information System (SIS) defines entities within the database that serve as the basis for recording...

  8. Sustainment Stocks for the Korean Theater

    National Research Council Canada - National Science Library

    St

    1998-01-01

    .... This study concludes that the Army intends to provide theater Class VII combat loss replacements, in the Korean theater, in the early stage of conflict or war from Army Pre-positioned Stocks-Sustainment 4 (APS-S 4...

  9. The volatility of stock market prices.

    Science.gov (United States)

    Shiller, R J

    1987-01-02

    If the volatility of stock market prices is to be understood in terms of the efficient markets hypothesis, then there should be evidence that true investment value changes through time sufficiently to justify the price changes. Three indicators of change in true investment value of the aggregate stock market in the United States from 1871 to 1986 are considered: changes in dividends, in real interest rates, and in a direct measure of intertemporal marginal rates of substitution. Although there are some ambiguities in interpreting the evidence, dividend changes appear to contribute very little toward justifying the observed historical volatility of stock prices. The other indicators contribute some, but still most of the volatility of stock market prices appears unexplained.

  10. The price momentum of stock in distribution

    Science.gov (United States)

    Liu, Haijun; Wang, Longfei

    2018-02-01

    In this paper, a new momentum of stock in distribution is proposed and applied in real investment. Firstly, assuming that a stock behaves as a multi-particle system, its share-exchange distribution and cost distribution are introduced. Secondly, an estimation of the share-exchange distribution is given with daily transaction data by 3 σ rule from the normal distribution. Meanwhile, an iterative method is given to estimate the cost distribution. Based on the cost distribution, a new momentum is proposed for stock system. Thirdly, an empirical test is given to compare the new momentum with others by contrarian strategy. The result shows that the new one outperforms others in many places. Furthermore, entropy of stock is introduced according to its cost distribution.

  11. Combining Stocks and Flows of Knowledge

    DEFF Research Database (Denmark)

    Ambos, Tina C.; Nell, Phillip Christopher; Pedersen, Torben

    In the area of knowledge management and knowledge governance, previous research has mostly focused on either knowledge stocks or knowledge flows of firms or organizational units. Contrary to this work, our study is among the first to integrate these two perspectives in order to shed light...... on the complementarity effects of different types of knowledge stocks and flows in the multinational corporation (MNC). We investigate intra-functional as well as cross-functional complementarity effects from the perspective of the knowledge recipient. We test the impact of stocks on flows on the benefit that is created...... for MNC units. Based on a comprehensive sample of 324 relationships between MNC units we find that both types of complementarity create benefits for these units, but that the effects from intra-functional combinations of knowledge stocks and flows are significantly stronger than from cross...

  12. Decision Support for the Rolling Stock Dispatcher

    DEFF Research Database (Denmark)

    Groth, Julie Jespersen

    Real-time recovery is receiving a fast growing interest in an increasingly competitive railway operation market. This thesis considers the area of rolling stock dispatching which is one of the typical real-time railway dispatching problems. All work of the thesis is based on the network...... and planning processes of the railway operator DSB S-tog a/s. In the thesis the problems existing in the railway planning process from the strategic to real-time level are briefly sketched. Network planning, line planning, timetabling, crew and rolling stock planning is outlined and relevant references...... are given. Specifically the thesis references the operation research studies based on the railway operation of DSB S-tog a/s. Subsequently the process of dispatching is outlined with a specific emphasis on rolling stock. The rolling stock recovery problem is the problem of assigning train units to train...

  13. Multifractal structures for the Russian stock market

    Science.gov (United States)

    Ikeda, Taro

    2018-02-01

    In this paper, we apply the multifractal detrended fluctuation analysis (MFDFA) to the Russian stock price returns. To the best of our knowledge, this paper is the first to reveal the multifractal structures for the Russian stock market by financial crises. The contributions of the paper are twofold. (i) Finding the multifractal structures for the Russian stock market. The generalized Hurst exponents estimated become highly-nonlinear to the order of the fluctuation functions. (ii) Computing the multifractality degree according to Zunino et al. (2008). We find that the multifractality degree of the Russian stock market can be categorized within emerging markets, however, the Russian 1998 crisis and the global financial crisis dampen the degree when we consider the order of the polynomial trends in the MFDFA.

  14. Dynamic Stock Market Participation of Households

    DEFF Research Database (Denmark)

    Khorunzhina, Natalia

    This paper develops and estimates a dynamic model of stock market participation, where consumers’ decisions regarding stock market participation are influenced by participation costs. The practical significance of the participation costs is considered as being a channel through which financial...... education programs can affect consumers’ investment decisions. Using household data from the Panel Study of Income Dynamics, I estimate the magnitude of the participation cost, allowing for individual heterogeneity in it. The results show the average stock market articipation cost is about 5% of labor...... income; however, it varies substantially over consumers’ life. The model successfully predicts the level of the observed articipation rate and the increasing pattern of stock market participation over the consumers’ life cycle....

  15. Privatization, political risk and stock market development

    NARCIS (Netherlands)

    Perotti, E.C.; van Oijen, P.H.

    1999-01-01

    This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test which gradually resolves uncertainty

  16. Religion and stock price crash risk: Evidence

    Directory of Open Access Journals (Sweden)

    Wenfei Li

    2016-09-01

    Full Text Available This paper investigates whether religious traditions influence firm-specific crash risk in China. Using a sample of A-share listed firms from 2003 to 2013, we provide evidence that the more intense the religious environment, the lower the stock price crash risk, implying that religion plays an important role in Chinese corporate governance. Further, we find that (1 religion affects stock price crash risk by reducing earnings management and the management perk problem; (2 different religions have different effects, and Taoism, in particular, is unrelated to crash risk; and (3 the effects of religion are more pronounced with higher quality corporate governance and a stronger legal environment. Religion constrains the management agency problem, thus reducing stock price crash risk in China. Our paper enriches the literature on stock price crash risk and religion, and on new economic geography.

  17. Dynamic Model for the Stocks and Release Flows of Engineered Nanomaterials.

    Science.gov (United States)

    Song, Runsheng; Qin, Yuwei; Suh, Sangwon; Keller, Arturo A

    2017-11-07

    Most existing life-cycle release models for engineered nanomaterials (ENM) are static, ignoring the dynamics of stock and flows of ENMs. Our model, nanoRelease, estimates the annual releases of ENMs from manufacturing, use, and disposal of a product explicitly taking stock and flow dynamics into account. Given the variabilities in key parameters (e.g., service life of products and annual release rate during use) nanoRelease is designed as a stochastic model. We apply nanoRelease to three ENMs (TiO 2 , SiO 2 and FeO x ) used in paints and coatings through seven product applications, including construction and building, household and furniture, and automotive for the period from 2000 to 2020 using production volume and market projection information. We also consider model uncertainties using Monte Carlo simulation. Compared with 2016, the total annual releases of ENMs in 2020 will increase by 34-40%, and the stock will increase by 28-34%. The fraction of the end-of-life release among total release flows will increase from 11% in 2002 to 43% in 2020. As compared to static models, our dynamic model predicts about an order of magnitude lower values for the amount of ENM released from this sector in the near-term while stock continues to build up in the system.

  18. 78 FR 66681 - Draft 2013 Marine Mammal Stock Assessment Reports

    Science.gov (United States)

    2013-11-06

    ... may be publicly accessible. Do not submit Confidential Business Information or otherwise sensitive or... completed in 1995. The MMPA requires NMFS and FWS to review the SARs at least annually for strategic stocks... non-strategic stocks. The term ``strategic stock'' means a marine mammal stock: (A) For which the...

  19. 12 CFR 931.3 - Minimum investment in capital stock.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Minimum investment in capital stock. 931.3... CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.3 Minimum investment in capital stock. (a) A Bank shall require each member to maintain a minimum investment in the capital stock of the Bank, both...

  20. STOCK AND STOCK EXCHANGE AS A PART OF FINANCIAL INSTITUTIONS IN DEVELOPED COUNTRIES

    Directory of Open Access Journals (Sweden)

    Vesna Petrović

    2018-01-01

    Full Text Available The authors have tried to present the term, meaning and importance of stocks and stock exchange as a part of the financial system of developed countries. By observing the financial system growth, especially in financial institutions, it can be noticed that there are changes in relative positions of various types of financial agents in developed market industries. What determines financial markets, and by that the stocks and stock exchange is the permanent movement of financial instruments and neglecting the national market boundaries.

  1. Optimal capital stock and financing constraints

    OpenAIRE

    Saltari, Enrico; Giuseppe, Travaglini

    2011-01-01

    In this paper we show that financing constraints affect the optimal level of capital stock even when the financing constraint is ineffective. This happens when the firm rationally anticipates that access to external financing resources may be rationed in the future. We will show that with these expectations, the optimal investment policy is to invest less in any given period, thereby lowering the desired optimal capital stock in the long run.

  2. Stock Markets Indices in Artificial Insymmetrization Patterns

    International Nuclear Information System (INIS)

    Makowiec, D.

    2002-01-01

    The daily data of indices of Warsaw Stock Exchange - WIG, and New York Stock Exchange - NASDAQ, NYSE and S and P 500 for the last two years are being studied. Properties of fluctuations of daily returns found from scaling analysis of tails are confronted with patterns obtained by the artificial insymmetrization method to specify difference between the world-wide American market and local and rather marginal Polish market. (author)

  3. stockées Ephestia kuehniella (Lepidoptera)

    African Journals Online (AJOL)

    PR BOKO

    de Rebat (2008). [5] - B. DOUMANDJI-MITICHI. Etude d'un ravageur des denrées stockées E. Kuehiella, Am.El Harrach. (1997). [6] - F. TAIBI. Etude comparée du développement et de la reproduction chez deux ravageurs des denrées stockées Ephestia Kuehniella et Tenebrio molitor. Aspect endocrinien en rapport avec.

  4. Essays on Stock Exchange Competition and Pricing

    OpenAIRE

    Andersen, Atso

    2005-01-01

    This study deals with the industrial structure, the nature of competition and the pricing of stock exchange trading services in Europe. Specific for the study is that exchanges are considered to be profit-maximizing institutions that face competition. A conventional analysis of concentration ratios shows that the concentration of European stock exchanges is low. When the nature of competition is measured in more detail, regression results indicate that exchanges operate in monopolistic o...

  5. Stock Option Compensation and Managerial Turnover

    OpenAIRE

    Raluca Georgiana NASTASESCU

    2009-01-01

    This study examines the association between managerial turnover and equity-based compensation. I investigate whether stock options act to bond executives to their firms and whether retention of managers is a motivation of companies in designing CEO incentive contracts. The results show that stock options do negatively influence the probability of a CEO leaving the company. The monetary cost of losing the value of equity-based compensation package keeps the manager with his company. I also fin...

  6. Long - Memory Persistence in African Stock Markets

    Directory of Open Access Journals (Sweden)

    Emmanuel Numapau Gyamfi

    2016-05-01

    Full Text Available Emerging stock markets are said to become efficient with time. This study seeks to investigate this assertion by analyzing long - memory persistence in 8 African stock markets covering the period from 28 August 2000 to 28 August 2015. The Hurst exponent is used as our efficiency measure which is evaluated by the Detrended Fluctuation Analysis (DFA. Our findings show strong evidence of long - memory persistence in the markets studied therefore violating the weak - form Efficient Market Hypothesis (EMH.

  7. Global stock market in 1990-s

    Directory of Open Access Journals (Sweden)

    Moshenskyi S.Z.

    2017-08-01

    Full Text Available The 1990s became a period of long-term recovery, the main driving force of which was the high-tech companies of the so-called «new economy», mainly associated with information technology and Internet at the global stock market. Such innovations have led to unrealistic expectations of the profitability of new companies from the sale of goods and services on the Internet. This became a prerequisite for a speculative boom in equity markets in developed financial systems. The boom intensified the mass privatization of state-owned enterprises in UK, Germany, France and some other countries. The capitalization of the global stock market increased more than ten times although the world GDP grew only 2.5 times during two decades, from 1980 to 2000. Though the stock market is the source of capital only in the countries with the Anglo-American model of financial markets (for countries of continental Europe and Japan such sources are bank loans, stock markets increased in all countries with developed financial systems. The systematic analysis of such key indicators as market capitalization and liquidity is required for an objective assessment of such rise in stock markets. But statistical information at stock markets is often not systematized and fragmentary. Therefore, the author (based on the official statistics of such international financial organizations as the Organization for Economic Co-operation and Development and the World Federation of Exchanges has calculated and systematically analyzed capitalization and liquidity as the main indicators of the stock market for the largest countries with developed financial systems (USA, Great Britain, Germany, France, Japan. The paper displays the differences in the mechanisms of attraction of capital determined by the different models of financial markets (decentralized Anglo-American and centralized European as well as the features of the composition of the main investors in the world stock markets.

  8. Stock Price Synchronicity and Material Sustainability Information

    OpenAIRE

    Grewal, Jody; Hauptmann, Clarissa; Serafeim, Georgios

    2017-01-01

    We examine if, and under what conditions, disclosure of sustainability information identified as investor relevant by market-driven innovations in accounting standard-setting, is associated with stock prices reflecting more firm-specific information and thereby lower synchronicity with market and industry returns. We find that firms voluntarily disclosing more sustainability information, identified as material by the Sustainability Accounting Standards Board (SASB), have lower stock price syn...

  9. Managerial Incentives and Stock Price Manipulation

    OpenAIRE

    Peng, Lin; Röell, Ailsa A

    2009-01-01

    This paper presents a rational expectations model of optimal executive compensation in a setting where managers are in a position to manipulate short-term stock prices, and managers' propensity to manipulate is uncertain. Stock-based incentives elicit not only productive effort, but also costly information manipulation. We analyze the tradeoffs involved in conditioning pay on long- versus short-term performance and characterize a second-best optimal compensation scheme. The paper shows manipu...

  10. Econometric Studies of Stock Market Behaviour

    DEFF Research Database (Denmark)

    Rasmussen, Anne-Sofie Reng

    This thesis consists of three sefcontained essays, all centering around the topic of stock market behaviour. The papers focus on the empirical performance of a number of asset pricing models, all attempting to quantify and price asset risk. We look at how well these models actually do in describing...... the historic behaviour of the stock market, allowing us to get further insight into what drives the markes....

  11. Mutual Fund Competition and Stock Market Liquidity

    OpenAIRE

    Massa, Massimo

    2004-01-01

    We study how competition in the mutual fund industry affects stock market liquidity. We argue that mutual fund families operate as multi-product firms, jointly choosing fees, performance and number of funds and sharing common research facilities. The family-based organization generates economies of scale in information that induce a trade off between performance and number of funds. The presence of more and relatively less-informed funds impacts the market, increasing stock liquidity. This in...

  12. Is there stock market efficiency in Malaysia?

    OpenAIRE

    Sui Suyin, Crystal

    2007-01-01

    This study is tests the Malaysian stock exchange, the Kuala Lumpur Stock Exchange (KLSE) for any evidences of efficiency. The approach to carrying out the tests is discussed in careful detail whilst still considering the other aspects of the study. The Efficient Market Hypothesis is explained in detailed as well a discussion on the vast debate concerning the EMH, which includes literature that support and do not support the concept of an efficient market. This debate is situated vitally aroun...

  13. Reactor building

    International Nuclear Information System (INIS)

    Ebata, Sakae.

    1990-01-01

    At least one valve rack is disposed in a reactor building, on which pipeways to a main closure valve, valves and bypasses of turbines are placed and contained. The valve rack is fixed to the main body of the building or to a base mat. Since the reactor building is designed as class A earthquake-proofness and for maintaining the S 1 function, the valve rack can be fixed to the building main body or to the base mat. With such a constitution, the portions for maintaining the S 1 function are concentrated to the reactor building. As a result, the dispersion of structures of earthquake-proof portion corresponding to the reference earthquake vibration S 1 can be prevented. Accordingly, the conditions for the earthquake-proof design of the turbine building and the turbine/electric generator supporting rack are defined as only the class B earthquake-proof design conditions. In view of the above, the amount of building materials can be saved and the time for construction can be shortened. (I.S.)

  14. Carbon and nutrient stocks of three Fabaceae trees used for forest restoration and subjected to fertilization in Amazonia.

    Science.gov (United States)

    Jaquetti, Roberto K; Gonçalves, José Francisco C

    2017-01-01

    Amazonia is crucial to global carbon cycle. Deforestation continues to be one of the main causes of the release of C into the atmosphere, but forest restoration plantations can reverse this scenario. However, there is still diffuse information about the C and nutrient stocks in the vegetation biomass. We investigated the carbon and nutrient stocks of Fabaceae trees (Inga edulis, Schizolobium amazonicum and Dipteryx odorata) subjected to fertilization treatments (T1 - no fertilization; T2 - chemical; T3 - organic; and T4 - organic and chemical fertilization) in a degraded area of the Balbina Hydroelectric Dam, AM - Brazil. As an early successional species, I. edulis stocked more C and nutrients than the other two species independent of the fertilization treatment, and S. amazonicum stocked more C than D. odorata under T1 and T4. The mixed species plantation had the potential to stock 4.1 Mg C ha-1 year-1, while I. edulis alone could stock 9.4 Mg C ha-1 year-1. Mixing species that rapidly assimilate C and are of significant ecological and commercial value (e.g., Fabaceae trees) represents a good way to restore degraded areas. Our results suggest that the tested species be used for forest restoration in Amazonia.

  15. Carbon and nutrient stocks of three Fabaceae trees used for forest restoration and subjected to fertilization in Amazonia

    Directory of Open Access Journals (Sweden)

    ROBERTO K. JAQUETTI

    2017-08-01

    Full Text Available ABSTRACT Amazonia is crucial to global carbon cycle. Deforestation continues to be one of the main causes of the release of C into the atmosphere, but forest restoration plantations can reverse this scenario. However, there is still diffuse information about the C and nutrient stocks in the vegetation biomass. We investigated the carbon and nutrient stocks of Fabaceae trees (Inga edulis, Schizolobium amazonicum and Dipteryx odorata subjected to fertilization treatments (T1 - no fertilization; T2 - chemical; T3 - organic; and T4 - organic and chemical fertilization in a degraded area of the Balbina Hydroelectric Dam, AM - Brazil. As an early successional species, I. edulis stocked more C and nutrients than the other two species independent of the fertilization treatment, and S. amazonicum stocked more C than D. odorata under T1 and T4. The mixed species plantation had the potential to stock 4.1 Mg C ha-1 year-1, while I. edulis alone could stock 9.4 Mg C ha-1 year-1. Mixing species that rapidly assimilate C and are of significant ecological and commercial value (e.g., Fabaceae trees represents a good way to restore degraded areas. Our results suggest that the tested species be used for forest restoration in Amazonia.

  16. A Spatio-Temporal Building Exposure Database and Information Life-Cycle Management Solution

    Directory of Open Access Journals (Sweden)

    Marc Wieland

    2017-04-01

    Full Text Available With an ever-increasing volume and complexity of data collected from a variety of sources, the efficient management of geospatial information becomes a key topic in disaster risk management. For example, the representation of assets exposed to natural disasters is subjected to changes throughout the different phases of risk management reaching from pre-disaster mitigation to the response after an event and the long-term recovery of affected assets. Spatio-temporal changes need to be integrated into a sound conceptual and technological framework able to deal with data coming from different sources, at varying scales, and changing in space and time. Especially managing the information life-cycle, the integration of heterogeneous information and the distributed versioning and release of geospatial information are important topics that need to become essential parts of modern exposure modelling solutions. The main purpose of this study is to provide a conceptual and technological framework to tackle the requirements implied by disaster risk management for describing exposed assets in space and time. An information life-cycle management solution is proposed, based on a relational spatio-temporal database model coupled with Git and GeoGig repositories for distributed versioning. Two application scenarios focusing on the modelling of residential building stocks are presented to show the capabilities of the implemented solution. A prototype database model is shared on GitHub along with the necessary scenario data.

  17. Taking Stock on Institutional Entrepreneurship

    DEFF Research Database (Denmark)

    Leca, Bernard; Battilana, Julie; Boxenbaum, Eva

    2006-01-01

    This paper analyzes the literature that has been published on institutional entrepreneurship since Paul DiMaggio introduced this notion in 1988. Based on a systematic selection and analysis of articles, the paper outlines an emerging consensus on the definition and process of institutional entrep...... may use this paper to build targeted and sophisticated research designs that add value to the emerging body of literature on institutional entrepreneurship.Keywords: Institutional Entrepreneur, Institutional Change, Paradox of Embedded Agency...

  18. Building sustainability

    CSIR Research Space (South Africa)

    Mass Media

    2007-11-01

    Full Text Available particu- lar social environment also being awarded. If a building can be used by the community after hours, it should be awarded extra points.” School sports facilities or meeting halls in corporate buildings, are some example. Multi-purpose use..., architect and senior researcher for the CSIR’s Built Environment Unit, the integra- tion of sustainability in building design cannot begin soon enough before it is too late. He says: “Unfortunately nothing is in place in South Africa. For a start...

  19. Building Acoustics

    Science.gov (United States)

    Cowan, James

    This chapter summarizes and explains key concepts of building acoustics. These issues include the behavior of sound waves in rooms, the most commonly used rating systems for sound and sound control in buildings, the most common noise sources found in buildings, practical noise control methods for these sources, and the specific topic of office acoustics. Common noise issues for multi-dwelling units can be derived from most of the sections of this chapter. Books can be and have been written on each of these topics, so the purpose of this chapter is to summarize this information and provide appropriate resources for further exploration of each topic.

  20. Assessing economic impact of storm surge under projected sea level rise scenarios

    Science.gov (United States)

    Del Angel, D. C.; Yoskowitz, D.

    2017-12-01

    Global sea level is expected to rise 0.2-2m by the year 2100. Rising sea level is expected to have a number of impacts such as erosion, saltwater intrusion, and decline in coastal wetlands; all which have direct and indirect socio-economic impact to coastal communities. By 2050, 25% of the world's population will reside within flood-prone areas. These statistics raise a concern for the economic cost that sea level and flooding has on the growing coastal communities. Economic cost of storm surge inundation and rising seas may include loss or damage to public facilities and infrastructure that may become temporarily inaccessible, as well as disruptions to business and services. This goal of this project is to assess economic impacts of storms under four SLR scenarios including low, intermediate-low, intermediate-high, and high (0.2m, 0.5m, 1.2m and 2m, respectively) in the Northern Gulf of Mexico region. To assess flooding impact on communities from storm surge, this project utilizes HAZUS-MH software - a Geographic Information System (GIS)-based modeling tool developed by the Federal Emergency Management Agency - to estimate physical, economic, and social impacts of natural disasters such as floods, earthquakes and hurricanes. The HAZUS database comes integrated with aggregate and site specific inventory which includes: demographic data, general building stock, agricultural statistics, vehicle inventory, essential facilities, transportation systems, utility systems (among other sensitive facilities). User-defined inundation scenarios will serve to identify assets at risk and damage estimates will be generated using the Depth Damage Function included in the HAZUS software. Results will focus on 3 communities in the Gulf and highlight changes in storm flood impact. This approach not only provides a method for economic impact assessment but also begins to create a link between ecosystem services and natural and nature-based features such as wetlands, beaches and dunes