Cost reducing investments and spatial competition

OpenAIRE

Domenico Scalera; Alberto Zazzaro

2005-01-01

In this paper we analyze the relationship between competition and cost reducing investments in the context of a location model. In particular, we derive the symmetric subgame-perfect equilibrium of a three-stage circular city model with closed-loop strategies, and study the effects of changes in competition fundamentals under both a given number of firms and free entry

Real options and asset valuation in competitive energy markets

Science.gov (United States)

Oduntan, Adekunle Richard

The focus of this work is to develop a robust valuation framework for physical power assets operating in competitive markets such as peaking or mid-merit thermal power plants and baseload power plants. The goal is to develop a modeling framework that can be adapted to different energy assets with different types of operating flexibilities and technical constraints and which can be employed for various purposes such as capital budgeting, business planning, risk management and strategic bidding planning among others. The valuation framework must also be able to capture the reality of power market rules and opportunities, as well as technical constraints of different assets. The modeling framework developed conceptualizes operating flexibilities of power assets as "switching options' whereby the asset operator decides at every decision point whether to switch from one operating mode to another mutually exclusive mode, within the limits of the equipment constraints of the asset. As a current decision to switch operating modes may affect future operating flexibilities of the asset and hence cash flows, a dynamic optimization framework is employed. The developed framework accounts for the uncertain nature of key value drivers by representing them with appropriate stochastic processes. Specifically, the framework developed conceptualizes the operation of a power asset as a multi-stage decision making problem where the operator has to make a decision at every stage to alter operating mode given currently available information about key value drivers. The problem is then solved dynamically by decomposing it into a series of two-stage sub-problems according to Bellman's optimality principle. The solution algorithm employed is the Least Squares Monte Carlo (LSM) method. The developed valuation framework was adapted for a gas-fired thermal power plant, a peaking hydroelectric power plant and a baseload power plant. This work built on previously published real options valuation

Low-cost carriers fare competition effect

NARCIS (Netherlands)

Carmona Benitez, R.B.; Lodewijks, G.

2010-01-01

This paper examines the effects that low-cost carriers (LCC’s) produce when entering new routes operated only by full-service carriers (FSC’s) and routes operated by low-cost carriers in competition with full-service carriers. A mathematical model has been developed to determine what routes should

A comparison of costs associated with utility management options for dry active waste

Energy Technology Data Exchange (ETDEWEB)

Hornibrook, C. [EPRI, Palo Alto, CA (United States)

1995-12-31

The economics of low level waste management is receiving more attention today than ever before. This is due to four factors: (1) the increases in the cost of processing of these wastes; (2) increases in the cost of disposal; (3) the addition of storage costs for those without access to disposal; and (4) the increasing competitive nature of the electric generation industry. These pressures are forcing the industry to update it`s evaluation of the mix of processing that will afford it the best long term economics and minimize it`s risks for unforeseen costs. Whether disposal is available or not, all utilities face the same challenge of minimizing the costs associated with the management of these wastes. There are a number of variables that will impact how a utility manages their wastes but the problem is the uncertainty of what will actually happen, i.e., will disposal be available, when and at what cost. Using the EPRI-developed WASTECOST: DAW code, this paper explores a variety of LLW management options available to utilities. Along with providing the costs and benefits, other technical considerations which play an important part in the management of these wastes are also addressed.

The impact of HMO and hospital competition on hospital costs.

Science.gov (United States)

Younis, Mustafa Z; Rivers, Patrick A; Fottler, Myron D

2005-01-01

This study examines the impact of HMO penetration and competition on health system performance, as measured by hospital cost per adjusted admissions. The study population consisted of acute-care hospitals in the United States. The findings of this study suggest that there is no relationship between HMO competition and hospital cost per adjusted admission. Governmental efforts to stimulate competition in the hospital market, if focused on promoting HMOs, are not likely to produce cost-containing results quickly.

Cost-effective and low-technology options for simulation and training in neonatology.

Science.gov (United States)

Bruno, Christie J; Glass, Kristen M

2016-11-01

The purpose of this review is to explore low-cost options for simulation and training in neonatology. Numerous cost-effective options exist for simulation and training in neonatology. Lower cost options are available for teaching clinical skills and procedural training in neonatal intubation, chest tube insertion, and pericardiocentesis, among others. Cost-effective, low-cost options for simulation-based education can be developed and shared in order to optimize the neonatal simulation training experience. Copyright © 2016 Elsevier Inc. All rights reserved.

Promoting Psychiatry as a Career Option for Ghanaian Medical Students through a Public-Speaking Competition

Science.gov (United States)

Agyapong, Vincent Israel Opoku; McLoughlin, Declan

2012-01-01

Objectives: Authors assessed the impact of a public-speaking competition on the level of interest in psychiatry of Ghanaian medical students. Method: An inter-medical school public-speaking competition was organized to promote psychiatry as a fulfilling career option for Ghanaian medical students. Feedback questionnaires were completed by the…

Costing the EPR Project Using the Real Options Method

International Nuclear Information System (INIS)

Epaulard, Anne; Gallon, Stephane

2001-01-01

Real options theory makes it possible to cost investments which offer flexibility but whose returns are uncertain, such as the construction in 2000 of an EPR prototype; this prototype will enable the European pressurised-water reactor (EPR) to be used to renew EDF's nuclear power stations in 2020 (flexibility) but its economic worth will then depend on the cost of the competing gas-fired power plants (uncertain return). Options theory shows that investing in EPR technology in 2000 provides sufficient flexibility in 2020 to be considered cost-effective, even though use of EPRs is unlikely by that date. The investment made in 2000 to develop EPR technology therefore actually plays the part of an option or, in other words, insurance (against the risk of high gas prices)

Cost-competitive, inherently safe LFMBR pool plant

International Nuclear Information System (INIS)

McDonald, J.S.; Brunings, J.E.; Chang, Y.I.; Hren, R.R.; Seidensticker, R.W.

1984-01-01

The Cost-Competitive, Inherently Safe LMFBR Pool Plant design was prepared in GFY 1983 under a DOE-sponsored program. This plant design was developed as a joint effort by Rockwell International and the Argonne National Laboratory with major contributions from the Bechtel Group, Inc.; Combustion engineering, Inc.; the Chicago Bridge and Iron Company; and the General Electric Company. Using current LMFBR technology, many innovative features were developed and incorporated into the design to meet the ultimate objectives of the Breeder Program, i.e., energy costs competitive with LWRs and inherent safety features to maintain the plant in a safe condition following assumed accidents without requiring operator action. This paper provides a description of the principal features that were incorporated into the design to achieve low cost and inherent safety

Greenhouse gas abatement in Senegal. A case study of least-cost options

International Nuclear Information System (INIS)

Amous, S.; Revet, D.; Sokona, Y.

1994-01-01

The first stage of the study was to make a preliminary inventory of greenhouse gas (GHG) emissions for the base year 1988. Following this seven no regret technical options for emission reduction were investigated and the costs calculated, allowing the identification of three least-cost options. The three least-cost options must be implemented first because of their negative costs. The economic benefits of both abatement scenarios are characterized by a negative global cost whatever the discount rate is. (author)

Cost containment and the backdraft of competition policies.

Science.gov (United States)

Light, D W

2001-01-01

This article offers an explanation of why governments and other purchasers found competition policies attractive, and it summarizes a set of new case studies. Faced with economic slowdown and the need to retrench social services, governments felt their legitimacy threatened and sought a new approach that would legitimize controlling costs. Starting in the 1980s, a group of pro-capitalist "moral entrepreneurs" launched an international business movement focused on reducing waste in governmental and welfare services through competition and privatization. Political leaders in a number of the developed industrialized countries enthusiastically embraced "managed competition" as a way to control the costs of health care services and to make them more accountable. The dangers of implementation and the extensive market failures that are ever-present in medicine, however, led most governments to pull back. Most nations that implemented competition policies experienced a political backdraft of protest from patients and providers that swept them out of office.

Cost effectiveness of GHG mitigation options and policy implication

Energy Technology Data Exchange (ETDEWEB)

Lim, K. S. [Korea Institute for Industrial Economics and Trade, Seoul (Korea, Republic of)

1998-04-01

This paper represents the summary findings and conclusions of several studies implemented about microeconomics and macroeconomics marginal costs of GHG abatement policies. Financial, economic, and, where possible, environmental microeconomics costs of reducing GHGs are estimated by a World Bank team. Six energy-related CO{sub 2} mitigation policy options are applied to estimate the macroeconomics costs of GHG emission reduction, the macroeconomics impacts on the Chinese economy. In terms of policy, conservation is a better option to cope with a restrictive mitigation constraint, assuming a developing country can achieve planned energy-saving targets. Without a CO{sub 2} emission constraint or with less restrictive CO{sub 2} emission constraints, however, the simulation results indicate that a conservation strategy may be less attractive than fuel substitution in a developing country, mainly due to the economic dampening effect of reduced production in the energy sectors. This finding suggests that an often-cited costless or negative-cost energy conservation policy may not be a better option when a less restrictive mitigation target is in force. This does not mean that the potential for energy efficiency improvements in a developing country is not worthwhile, but that the overall macroeconomics impacts should be considered before implementing the policy option. (author). 9 refs., 3 figs., 3 tabs.

On financial equilibrium with intermediation costs

DEFF Research Database (Denmark)

Markeprand, Tobias Ejnar

2008-01-01

This paper studies the set of competitive equilibria in financial economies with intermediation costs. We consider an arbitrary dividend structure, which includes options and equity with limited liabilities.We show a general existence result and upper-hemi continuity of the equilibrium correspond......This paper studies the set of competitive equilibria in financial economies with intermediation costs. We consider an arbitrary dividend structure, which includes options and equity with limited liabilities.We show a general existence result and upper-hemi continuity of the equilibrium...

Least cost options for life extension

Energy Technology Data Exchange (ETDEWEB)

Davis, F.; Bradaric, M. [Bechtel Corp., San Francisco, CA (United States)

1995-12-01

Rehabilitation of existing electric generating capacity offers one of the most cost-effective ways of meeting near-term power needs in many Eastern and Central European countries. In particular, the uncertainty associated with other supply sources and severe capital constraints tends to favor investments which maximize the utilization of existing fossil-fired equipment. However, it is critical that least-cost planning principles, including the consideration of environmental impacts, be applied to the economic analysis of rehabilitation options. This paper draws on Bechtel`s experience in applying least-cost planning to plant rehabilitation studies in Bulgaria, Romania and Slovakia. The examples provided illustrate the importance of least-cost planning and the effect of the value placed on environmental emissions.

Seeking the competitive advantage: it's more than cost reduction.

Science.gov (United States)

South, S F

1999-01-01

Most organizations focus considerable time and energy on reducing operating costs as a way to attain marketplace advantage. This strategy was not inappropriate in the past. To be competitive in the future, however, focus must be placed on other issues, not just cost reduction. The near future will be dominated by service industries, knowledge management, and virtual partnerships, with production optimization and flexibility, innovation, and strong partnerships defining those organizations that attain competitive advantage. Competitive advantage will reside in clarifying the vision and strategic plan, reviewing and redesigning work processes to optimize resources and value-added work, and creating change-ready environments and empowered workforces.

Asian Option Pricing with Monotonous Transaction Costs under Fractional Brownian Motion

Directory of Open Access Journals (Sweden)

Di Pan

2013-01-01

Full Text Available Geometric-average Asian option pricing model with monotonous transaction cost rate under fractional Brownian motion was established. The method of partial differential equations was used to solve this model and the analytical expressions of the Asian option value were obtained. The numerical experiments show that Hurst exponent of the fractional Brownian motion and transaction cost rate have a significant impact on the option value.

Competitiveness of nuclear energy - Key findings from an OECD study

International Nuclear Information System (INIS)

Bertel, Evelyne

2006-01-01

Economic competitiveness always has been a cornerstone in decision making for electricity generation options but the liberalization of energy markets has enhanced its importance. For private investors in de-regulated markets the economic attractiveness of a project is often 'the' driving factor. For plant owners and operators reducing costs is a key objective. The relative competitiveness of nuclear energy as compared with alternatives has been investigated in a recent OECD study which noted some evolution in the ranking of different options as compared with results published seven years ago. In particular the volatility of fossil fuel prices, notably natural gas for electricity generation, along with technical progress enhancing the reliability and availability factor of nuclear power plants have had a significant influence on comparative economic performance of base-load options. Furthermore, as governments implement progressively policies to address global climate change threat, the moves to internalize the costs of carbon emissions is increasing the competitiveness of low-carbon options such as renewable energy sources and nuclear power versus coal and to a lesser extent gas. (authors)

Making renewable energy competitive in India: Reducing financing costs via a government-sponsored hedging facility

International Nuclear Information System (INIS)

Farooquee, Arsalan Ali; Shrimali, Gireesh

2016-01-01

In India, a significant barrier to market-competitiveness of renewable energy is a shortage of attractive debt. Domestic debt has high cost, short tenors, and variable interest rates, adding 30% to the cost of renewable energy compared to renewable energy projects elsewhere. Foreign debt is as expensive as domestic debt because it requires costly market-based currency hedging solutions. We investigate a government-sponsored foreign exchange facility as an alternative to reducing hedging costs. Using the geometric Brownian motion (GBM) as a representative stochastic model of the INR–USD foreign exchange rate, we find that the expected cost of providing a currency hedge via this facility is 3.5 percentage points, 50% lower than market. This leads to an up to 9% reduction in the per unit cost of renewable energy. However, this requires the government to manage the risks related to unexpected currency movements appropriately. One option to manage these risks is via a capital buffer; for the facility to obtain India's sovereign rating, the capital buffer would need to be almost 30% of the underlying loan. Our findings have significant policy implications given that the Indian government can use this facility to make renewable energy more competitive and, therefore, hasten its deployment. - Highlights: • We analyze a government-sponsored foreign exchange facility in India. •We use geometric Brownian motion to represent the INR–USD exchange rate. •This facility can reduce the currency hedging costs by 50%. •This facility can reduce the levelized cost of renewable energy by 9%. •The capital buffer to reach India's sovereign rating is 30% of the original loan.

Medium-term marginal costs in competitive generation power markets

International Nuclear Information System (INIS)

Reneses, J.; Centeno, E.; Barquin, J.

2004-01-01

The meaning and significance of medium-term marginal costs for a generation company in a competitive power market in analysed. A methodology to compute and decompose medium-term generation marginal costs in a competitive environment is proposed. The methodology is based on a market equilibrium model. The aim is to provide a useful tool for generation companies so that they can manage their resources in an optimal way, helping them with their operation, decision-making processes, asset valuations or contract assessments. (author)

The Dynamics of Bertrand Price Competition with Cost-Reducing Investments

DEFF Research Database (Denmark)

Iskhakov, Fedor; Rust, John; Schjerning, Bertel

We present a dynamic extension of the classic static model of Bertrand price competition that allows competing duopolists to undertake cost-reducing investments in an attempt to “leapfrog” their rival to attain low-cost leadership – at least temporarily. We show that leapfrogging occurs in equili......We present a dynamic extension of the classic static model of Bertrand price competition that allows competing duopolists to undertake cost-reducing investments in an attempt to “leapfrog” their rival to attain low-cost leadership – at least temporarily. We show that leapfrogging occurs...... in equilibrium, resolving the Bertrand investment paradox., i.e. leapfrogging explains why firms have an ex ante incentive to undertake cost-reducing investments even though they realize that simultaneous investments to acquire the state of the art production technology would result in Bertrand price competition...... leader. We show that the equilibrium involves investment preemption only when the firms invest in a deterministically alternating fashion and technological progress is deterministic. We prove that when technological progress is deterministic and firms move in an alternating fashion, the game has a unique...

The Cost-Effectiveness of Anterior Cruciate Ligament Reconstruction in Competitive Athletes.

Science.gov (United States)

Stewart, Bruce A; Momaya, Amit M; Silverstein, Marc D; Lintner, David

2017-01-01

Competitive athletes value the ability to return to competitive play after the treatment of anterior cruciate ligament (ACL) injuries. ACL reconstruction has high success rates for return to play, but some studies indicate that patients may do well with nonoperative physical therapy treatment. To evaluate the cost-effectiveness of the treatment of acute ACL tears with either initial surgical reconstruction or physical therapy in competitive athletes. Economic and decision analysis; Level of evidence, 2. The incremental cost, incremental effectiveness, and incremental cost-effectiveness ratio (ICER) of ACL reconstruction compared with physical therapy were calculated from a cost-effectiveness analysis of ACL reconstruction compared with physical therapy for the initial management of acute ACL injuries in competitive athletes. The ACL reconstruction strategy and the physical therapy strategy were represented as Markov models. Costs and quality-adjusted life-years (QALYs) were evaluated over a 6-year time horizon and were analyzed from a societal perspective. Quality of life and probabilities of clinical outcomes were obtained from the peer-reviewed literature, and costs were compiled from a large academic hospital in the United States. One-way, 2-way, and probabilistic sensitivity analyses were used to assess the effect of uncertainty in variables on the ICER of ACL reconstruction. The ICER of ACL reconstruction compared with physical therapy was $22,702 per QALY gained. The ICER was most sensitive to the quality of life of returning to play or not returning to play, costs, and duration of follow-up but relatively insensitive to the rates and costs of complications, probabilities of return to play for both operative and nonoperative treatments, and discount rate. ACL reconstruction is a cost-effective strategy for competitive athletes with an ACL injury.

Cost allocation policy review: options and preferred alternatives

Energy Technology Data Exchange (ETDEWEB)

NONE

2010-10-15

This policy review of the consultation process on the electricity cost allocation issue is presented with specific cost allocation policy issues addressed herein, such as: the new microFIT rate, accounting changes and the transition to IFRS, and review of allocating costs to load displacement generation. This report gave the current situation for all these issues, previous work, issues, viable options for dealing with these issues and the preferred alternatives.

Limiting conditions for nuclear power plant competitiveness vs. fossil and wind plants

International Nuclear Information System (INIS)

Feretic, Danilo; Cavlina, Nikola

2010-01-01

The aim of this paper is to compare potential energy options for future electricity generation. The paper considers comparison of discounted total cost of electricity generated by nuclear power plant and by combined natural gas and wind plants, having in total equal electricity generation. Large uncertainty in the future fuel costs makes planning of optimal power generating mix very difficult to justify. Probabilistic method is used in the analysis which allows inclusion of uncertainties in future electricity generating cost prediction. Additionally, an informative functional relation between nuclear plant investment cost, natural gas price and wind plant efficiency, that determines competitive power generation between considered options, is also shown. Limiting conditions for nuclear power plant competitiveness vs. fossil and wind plants are presented. (authors)

Photovoltaic systems: A cost competitive option to supply energy to off-grid agricultural communities in arid regions

International Nuclear Information System (INIS)

Qoaider, Louy; Steinbrecht, Dieter

2010-01-01

The main objective of this work is to investigate the economic feasibility of photovoltaic technology to supply the entire energy demands to off-grid irrigated-farming-based communities in the arid regions. This aims at helping these communities to find practical solutions to cope with the rapid rising electricity generation costs, mainly by diesel generators (gensets). The genset electricity costs are typically affected by the high fossil fuel prices, the fuel transport costs and the intensive operation and maintenance (O and M) requirements. The work was conducted on a representative site from which conclusions could be drawn for similar regions. The case study was performed in the New Kalabsha Village in the Lake Nasser Region (LNR) in southern Egypt. The work involved the technical design and the calculation of the life cycle costs (LCC) of a PV system, which is able to supply the village with its entire energy demand. The PV generator was sized in such a way to daily pump 111 000 m 3 of lake water to irrigate 1260 ha acreage plots and to electrify the adjacent village's households. The required pumps were designed to pump the fluctuating lake's water for a maximum differential head of 17 m in four different locations. Consequently, water from the four pumping stations flows freely by gravity forces to the different plots through overhead open canals. The electricity generation costs and the performance of the designed PV generator were compared with those of an equivalent diesel generator (genset) in order to prove its competitiveness. With this regard, the real market value of the diesel fuel of 86.55 c Euro l -1 was considered for calculating the costs of genset generated electricity. The results showed that the genset electricity unit costs 39 c Euro kW h -1 while a unit of PV electricity costs only 13 c Euro kW h -1 for the equivalent system size and project lifetime. Furthermore, the subsidised genset electricity cost was calculated to be 12 c Euro kW h

The incremental cost of switching from Option B to Option B+ for the prevention of mother-to-child transmission of HIV.

Science.gov (United States)

O'Brien, Lisa; Shaffer, Nathan; Sangrujee, Nalinee; Abimbola, Taiwo O

2014-03-01

To estimate the incremental cost over 5 years of a policy switch from the Option B to the Option B+ protocol for the prevention of mother-to-child transmission (PMTCT) of the human immunodeficiency virus (HIV). Data from cost studies and other published sources were used to determine the cost, per woman and per cohort (1000 breastfeeding and 1000 non-breastfeeding women), of switching from Option B (maternal triple antiretroviral [ARV] regimen during pregnancy and breastfeeding plus daily nevirapine for the infant for 6 weeks) to Option B+ (maternal triple ARV regimen initiated during pregnancy and continued for life). The variables used to model the different scenarios were maternal CD4+ T lymphocyte (CD4+ cell) count (350-500 versus > 500 cells/µl), rate of decline in CD4+ cells (average, rapid, slow), breastfeeding status (yes, no) and breastfeeding duration (12, 18 or 24 months). For women with CD4+ cell counts of 350-500 cells/µl, the incremental cost per 1000 women was 157,345 United States dollars (US$) for breastfeeding women and US$ 92,813 for non-breastfeeding women. For women with CD4+ cell counts > 500 cells/µl, the incremental cost per 1000 women ranged from US$ 363,443 to US$ 484,591 for breastfeeding women and was US$ 605,739 for non-breastfeeding women. From a cost perspective, a policy switch from Option B to Option B+ is feasible in PMTCT programme settings where resources are currently being allocated to Option B.

Fitness costs of intrinsic competition in two egg parasitoids of a true bug.

Science.gov (United States)

Cusumano, Antonino; Peri, Ezio; Boivin, Guy; Colazza, Stefano

2015-10-01

Intrinsic competition in insect parasitoids occurs when supernumerary larvae develop in the same host as consequence of multiple ovipositions by females of the same species (intra-specific competition) or by females of different species (inter-specific competition). Studies on intrinsic competition have mainly focused on understanding the factors that play a role in the outcome of competition, while fitness-related effects for the parasitoid surviving the competition have been poorly investigated, especially in egg parasitoids. Interestingly, even the winning parasitoid can experience fitness costs due to larval development in a host in which multiple factors have been injected by the ovipositing females or released by their larvae. In this paper we studied fitness-related traits associated with intra- and inter-specific competition between Trissolcus basalis (Wollaston) and Ooencyrtus telenomicida (Vassiliev), the main egg parasitoids associated with the southern green stink bug Nezara viridula (L.) in Italy. We investigated the impact of intrinsic competition for the surviving parasitoid in terms of body size, developmental time, number and size of oocytes. Our results indicated that T. basalis adults did not experience fitness-related costs when surviving intra-specific competition; however, adults were smaller, took longer to develop and females produced fewer oocytes after surviving inter-specific competition. A different outcome was found for O. telenomicida where the emerging females were smaller, produced fewer and smaller oocytes when suffering intra-specific competition whereas no fitness costs were found when adults survived inter-specific competition. These results support the hypothesis that the impact of intrinsic competition in egg parasitoids depends on the severity of the competitive interaction, as fitness costs were more pronounced when the surviving parasitoid interacted with the most detrimental competitor. Copyright © 2015 Elsevier Ltd. All

Fluid coking : a competitive option for heavy feed processing

International Nuclear Information System (INIS)

Hammond, D.G.; Feinberg, A.S.; McCaffrey, D.S.

1997-01-01

Fluid coking is a proven thermal conversion process for converting heavy hydrocarbon feeds to lighter products. Fluid coking was commercialized by Exxon over 40 years ago. A total of 13 units have been built with over 330 years of cumulative operating experience. Fluid coking can process many different feeds at once and is usually insensitive to feed contaminants such as sulfur, nitrogen and metals. New developments in coke utilization and flue gas desulfurization/departiculation have prompted new economic studies. Fluid coking is competitive and is the most attractive option compared to delayed coking, particularly for very heavy feed stocks such as deasphalter bottoms. Viewgraphs describe the fluid coking process, its advantages, utilization, and commercial viability. 7 tabs., 3 figs

Policy options to contain healthcare costs: a review and classification

NARCIS (Netherlands)

Stadhouders, N.W.; Koolman, X.; Tanke, M.A.C.; Maarse, H.; Jeurissen, P.P.T.

2016-01-01

Containing health care costs has been a challenge for most OECD member states. We classify 2250 cost containment policies in forty-one groups of policy options. This conceptual framework might act as a toolkit for policymakers that seek to develop strategies for cost control; and for researchers

Competition, regulation, and energy efficiency options in the electricity sector: Opportunities and challenges in developing countries

Science.gov (United States)

Phadke, Amol Anant

This dissertation explores issues related to competition in and regulation of electricity sectors in developing countries on the backdrop of fundamental reforms in their electricity sectors. In most cases, electricity sector reforms promoted privatization based on the rationale that it will lower prices and improve quality. In Chapter 2, I analyze this rationale by examining the stated capital cost of independent (private) power producer's (IPPs) power projects in eight developing countries and find that the stated capital cost of projects selected via competitive bidding is on an average about 40% to 60% lower than that of the projects selected via negotiations, which, I argue, represents the extent to which the costs of negotiated projects are overstated. My results indicate that the policy of promoting private sector without an adequate focus on improving competition or regulation has not worked in most cases in terms of getting competitively priced private sector projects. Given the importance of facilitating effective competition or regulation, In Chapter 3, I examine the challenges and opportunities of establishing a competitive wholesale electricity market in a developing country context. I model a potential wholesale electricity market in Maharashtra (MH) state, India and find that it would be robustly competitive even in a situation of up-to five percent of supply shortage, when opportunities for demand response are combined with policies such as divestiture and requiring long-term contracts. My results indicate that with appropriate policies, some developing countries could establish competitive wholesale electricity markets. In Chapter 4, I focus on the demand side and analyze the cost effectiveness of improving end-use efficiency in an electricity sector with subsidized tariffs and electricity shortages and show that they offer the least expensive way of reducing shortages in Maharashtra State, India. In Chapter 5, I examine the costs of reducing carbon

The costs and benefits of Option B+ for the prevention of mother-to-child transmission of HIV.

Science.gov (United States)

Gopalappa, Chaitra; Stover, John; Shaffer, Nathan; Mahy, Mary

2014-01-01

Most countries follow WHO 2010 guidelines for the prevention of mother-to-child transmission (PMTCT) of HIV using either Option A or B for women not yet eligible for antiretroviral therapy (ART). Both of these approaches involve the use of antiretrovirals during pregnancy and breastfeeding. Some countries have adopted a new strategy, Option B+, in which HIV-positive pregnant women are started immediately on ART and continued for life. Option B+ is more costly than Options A or B, but provides additional health benefits. In this article, we estimate the additional costs and effectiveness of Option B+. We developed a deterministic model to simulate births, breastfeeding, and HIV infection in women in four countries, Kenya, Zambia, South Africa, and Vietnam that differ in fertility rate, birth interval, age at first birth, and breastfeeding patterns, but have similar age at HIV infection. We estimated the total PMTCT costs and new child infections under Options A, B, and B+, and measured cost-effectiveness as the incremental PMTCT-related costs per child infection averted. We included adult sexual transmissions averted from ART, the corresponding costs saved, and estimated the total incremental cost per transmission (child and adult) averted. When considering PMTCT-related costs and child infections, Option B+ was the most cost-effective strategy costing between $6000 and $23 000 per infection averted compared with Option A. Option B+ averted more child infections compared with Option B in all four countries and cost less than Option B in Kenya and Zambia. When including adult sexual transmissions averted, Option B+ cost less and averted more infections than Options A and B.

Influence of Transaction costs and real options on firms' own-or-rent ...

African Journals Online (AJOL)

Based on secondary data on 79 companies in Mekelle, Ethiopia, this paper investigates the influence of transaction cost and real option factors on firms' own or rent decision for building resources. Empirical results suggest that both transaction cost and option factors have significant influence on firms' own or rent decision.

Cost benefit analysis of two policy options for cannabis: status quo and legalisation.

Science.gov (United States)

Shanahan, Marian; Ritter, Alison

2014-01-01

To date there has been limited analysis of the economic costs and benefits associated with cannabis legalisation. This study redresses this gap. A cost benefit analysis of two cannabis policy options the status quo (where cannabis use is illegal) and a legalised-regulated option was conducted. A cost benefit analysis was used to value the costs and benefits of the two policies in monetary terms. Costs and benefits of each policy option were classified into five categories (direct intervention costs, costs or cost savings to other agencies, benefits or lost benefits to the individual or the family, other impacts on third parties, and adverse or spill over events). The results are expressed as a net social benefit (NSB). The mean NSB per annum from Monte Carlo simulations (with the 5 and 95 percentiles) for the status quo was $294.6 million AUD ($201.1 to $392.7 million) not substantially different from the $234.2 million AUD ($136.4 to $331.1 million) for the legalised-regulated model which excludes government revenue as a benefit. When government revenue is included, the NSB for legalised-regulated is higher than for status quo. Sensitivity analyses demonstrate the significant impact of educational attainment and wellbeing as drivers for the NSB result. Examining the percentiles around the two policy options, there appears to be no difference between the NSB for these two policy options. Economic analyses are essential for good public policy, providing information about the extent to which one policy is substantially economically favourable over another. In cannabis policy, for these two options this does not appear to be the case.

Cost benefit analysis of two policy options for cannabis: status quo and legalisation.

Directory of Open Access Journals (Sweden)

Marian Shanahan

Full Text Available AIMS: To date there has been limited analysis of the economic costs and benefits associated with cannabis legalisation. This study redresses this gap. A cost benefit analysis of two cannabis policy options the status quo (where cannabis use is illegal and a legalised-regulated option was conducted. METHOD: A cost benefit analysis was used to value the costs and benefits of the two policies in monetary terms. Costs and benefits of each policy option were classified into five categories (direct intervention costs, costs or cost savings to other agencies, benefits or lost benefits to the individual or the family, other impacts on third parties, and adverse or spill over events. The results are expressed as a net social benefit (NSB. FINDINGS: The mean NSB per annum from Monte Carlo simulations (with the 5 and 95 percentiles for the status quo was $294.6 million AUD ($201.1 to $392.7 million not substantially different from the $234.2 million AUD ($136.4 to $331.1 million for the legalised-regulated model which excludes government revenue as a benefit. When government revenue is included, the NSB for legalised-regulated is higher than for status quo. Sensitivity analyses demonstrate the significant impact of educational attainment and wellbeing as drivers for the NSB result. CONCLUSION: Examining the percentiles around the two policy options, there appears to be no difference between the NSB for these two policy options. Economic analyses are essential for good public policy, providing information about the extent to which one policy is substantially economically favourable over another. In cannabis policy, for these two options this does not appear to be the case.

Are High Labour Costs Destroying the Competitiveness of Danish Dairy Farmers?

DEFF Research Database (Denmark)

Asmild, Mette; Nielsen, Kurt; Bogetoft, Peter

the distributions of efficiency scores in different countries to assess their relative competitiveness. To analyze the effect of labour costs we apply two different DEA models; one including the labour input as hours worked and the other including labour costs. This way we capture the effect of labour costs......This paper analysis the competitiveness of Danish dairy farmers relative to dairy farmers in other Northern European countries. We use individual farm accounts data from the European Commission’s Farm Accountancy Data Network (FADN) and have an average of 1665 observations per year in the period...

Cost based interconnection charges as a way to induce competition

DEFF Research Database (Denmark)

Falch, Morten

The objective of this paper is to analyse the relationship between regulation of interconnection charges and the level of competition. One of the most important issues in the debate on interconnect regulation has been use of forward looking costs for setting of interconnection charges. This debat...... has been ongoing within the EU as well as in US. This paper discusses the European experiences and in particular the Danish experiences with use of cost based interconnection charges, and their impact on competition in the telecom market....

Measuring Healthcare Providers' Performances Within Managed Competition Using Multidimensional Quality and Cost Indicators.

Science.gov (United States)

Portrait, France R M; van der Galiën, Onno; Van den Berg, Bernard

2016-04-01

The Dutch healthcare system is in transition towards managed competition. In theory, a system of managed competition involves incentives for quality and efficiency of provided care. This is mainly because health insurers contract on behalf of their clients with healthcare providers on, potentially, quality and costs. The paper develops a strategy to comprehensively analyse available multidimensional data on quality and costs to assess and report on the relative performance of healthcare providers within managed competition. We had access to individual information on 2409 clients of 19 Dutch diabetes care groups on a broad range of (outcome and process related) quality and cost indicators. We carried out a cost-consequences analysis and corrected for differences in case mix to reduce incentives for risk selection by healthcare providers. There is substantial heterogeneity between diabetes care groups' performances as measured using multidimensional indicators on quality and costs. Better quality diabetes care can be achieved with lower or higher costs. Routine monitoring using multidimensional data on quality and costs merged at the individual level would allow a systematic and comprehensive analysis of healthcare providers' performances within managed competition. Copyright © 2015 John Wiley & Sons, Ltd.

Real Option Cost Vulnerability Analysis of Electrical Infrastructure

Science.gov (United States)

Prime, Thomas; Knight, Phil

2015-04-01

Critical infrastructure such as electricity substations are vulnerable to various geo-hazards that arise from climate change. These geo-hazards range from increased vegetation growth to increased temperatures and flood inundation. Of all the identified geo-hazards, coastal flooding has the greatest impact, but to date has had a low probability of occurring. However, in the face of climate change, coastal flooding is likely to occur more often due to extreme water levels being experienced more frequently due to sea-level rise (SLR). Knowing what impact coastal flooding will have now and in the future on critical infrastructure such as electrical substations is important for long-term management. Using a flood inundation model, present day and future flood events have been simulated, from 1 in 1 year events up to 1 in 10,000 year events. The modelling makes an integrated assessment of impact by using sea-level and surge to simulate a storm tide. The geographical area the model covers is part of the Northwest UK coastline with a range of urban and rural areas. The ensemble of flood maps generated allows the identification of critical infrastructure exposed to coastal flooding. Vulnerability has be assessed using an Estimated Annual Damage (EAD) value. Sampling SLR annual probability distributions produces a projected "pathway" for SLR up to 2100. EAD is then calculated using a relationship derived from the flood model. Repeating the sampling process allows a distribution of EAD up to 2100 to be produced. These values are discounted to present day values using an appropriate discount rate. If the cost of building and maintain defences is also removed from this a Net Present Value (NPV) of building the defences can be calculated. This distribution of NPV can be used as part of a cost modelling process involving Real Options, A real option is the right but not obligation to undertake investment decisions. In terms of investment in critical infrastructure resilience this

Competition in the Dutch hospital sector: an analysis of health care volume and cost.

Science.gov (United States)

Krabbe-Alkemade, Y J F M; Groot, T L C M; Lindeboom, M

2017-03-01

This paper evaluates the impact of market competition on health care volume and cost. At the start of 2005, the financing system of Dutch hospitals started to be gradually changed from a closed-end budgeting system to a non-regulated price competitive prospective reimbursement system. The gradual implementation of price competition is a 'natural experiment' that provides a unique opportunity to analyze the effects of market competition on hospital behavior. We have access to a unique database, which contains hospital discharge data of diagnosis treatment combinations (DBCs) of individual patients, including detailed care activities. Difference-in-difference estimates show that the implementation of market-based competition leads to relatively lower total costs, production volume and number of activities overall. Difference-in-difference estimates on treatment level show that the average costs for outpatient DBCs decreased due to a decrease in the number of activities per DBC. The introduction of market competition led to an increase of average costs of inpatient DBCs. Since both volume and number of activities have not changed significantly, we conclude that the cost increase is likely the result of more expensive activities. A possible explanation for our finding is that hospitals look for possible efficiency improvements in predominantly outpatient care products that are relatively straightforward, using easily analyzable technologies. The effects of competition on average cost and the relative shares of inpatient and outpatient treatments on specialty level are significant but contrary for cardiology and orthopedics, suggesting that specialties react differently to competitive incentives.

Lookback Option Pricing with Fixed Proportional Transaction Costs under Fractional Brownian Motion.

Science.gov (United States)

Sun, Jiao-Jiao; Zhou, Shengwu; Zhang, Yan; Han, Miao; Wang, Fei

2014-01-01

The pricing problem of lookback option with a fixed proportion of transaction costs is investigated when the underlying asset price follows a fractional Brownian motion process. Firstly, using Leland's hedging method a partial differential equation satisfied by the value of the lookback option is derived. Then we obtain its numerical solution by constructing a Crank-Nicolson format. Finally, the effectiveness of the proposed form is verified through a numerical example. Meanwhile, the impact of transaction cost rate and volatility on lookback option value is discussed.

A qualitative assessment of climate adaptation options and some estimates of adaptation costs

International Nuclear Information System (INIS)

Van Ierland, E.C.; De Bruin, K.; Dellink, R.B.; Ruijs, A.

2007-02-01

The Routeplanner project aims to provide a 'systematic assessment' of potential adaptation options to respond to climate change in the Netherlands in connection to spatial planning. The study is the result of a policy oriented project that took place between May and September 2006. The aim of the current study is to provide a 'qualitative assessment' of the direct and indirect effects of adaptation options and to provide an assessment of some of the costs and benefits of adaptation options. The present report presents and summarizes the results of all phases of the study: an inventory of adaptation options, a qualitative assessment of the effects of the adaptation options for the Netherlands in the long run, a database which allows to rank the various options according to a set of criteria and a relative ranking on the basis of these criteria. Finally, the report also contains the best available information on costs and benefits of various adaptation options. However, while conducting the study the project team observed that reliable information in this respect is in many cases still lacking and an urgent need exists for more detailed studies on costs and benefits of adaptation options and the design of the best options to cope with climate change

The Trade Practices Act, Competitive Neutrality and Research Costing: Issues for Australian Universities

Science.gov (United States)

Bezzobs, Tania

2009-01-01

Increasingly universities are becoming commercial enterprises and their core activities of teaching and research subject to business imperatives. This paper reviews the research costing methodologies of 17 Australian universities. Tension between Competition Law and Competitive Neutrality exists which could be resolved through improved costing and…

Entry into the electricity market: Uncertainty, competition, and mothballing options

Energy Technology Data Exchange (ETDEWEB)

Takashima, Ryuta [Department of Nuclear Engineering and Management, University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-8656 (Japan)], E-mail: takashima@n.t.u-tokyo.ac.jp; Goto, Makoto [Department of Industrial and Management Systems Engineering, Waseda University, 3-4-1 Okubo, Shinjyuku-ku, Tokyo 169-8555 (Japan); Kimura, Hiroshi; Madarame, Haruki [Nuclear Professional School, University of Tokyo, 2-22 Shirane, Shirakata, Tokai-mura, Naka-Gun, Ibaraki-ken 319-1188 (Japan)

2008-07-15

The present paper analyzes the entry strategies into the electricity market of two firms that have power plants under price uncertainty and competition. We consider the symmetric and asymmetric two firms, which have either a thermal power plant or a nuclear power plant. The differences between the thermal power plant and the nuclear power plant, such as the cost structure and operational flexibility are modeled. The threshold values of market entry are calculated for each firm with either the thermal power plant or the nuclear power plant as the leader or the follower. We show the dependence of cost structures on entry thresholds of the leader and the follower into the electricity market. For various market and cost conditions, the diagrams of the leader are also shown.

Entry into the electricity market: Uncertainty, competition, and mothballing options

International Nuclear Information System (INIS)

Takashima, Ryuta; Goto, Makoto; Kimura, Hiroshi; Madarame, Haruki

2008-01-01

The present paper analyzes the entry strategies into the electricity market of two firms that have power plants under price uncertainty and competition. We consider the symmetric and asymmetric two firms, which have either a thermal power plant or a nuclear power plant. The differences between the thermal power plant and the nuclear power plant, such as the cost structure and operational flexibility are modeled. The threshold values of market entry are calculated for each firm with either the thermal power plant or the nuclear power plant as the leader or the follower. We show the dependence of cost structures on entry thresholds of the leader and the follower into the electricity market. For various market and cost conditions, the diagrams of the leader are also shown

European Option Pricing with Transaction Costs in Lévy Jump Environment

Directory of Open Access Journals (Sweden)

Jiayin Li

2014-01-01

Full Text Available The European option pricing problem with transaction costs is investigated for a risky asset price model with Lévy jump. By the aid of arbitrage pricing theory and the generalized Itô formula (which includes Poisson jump, the explicit solution to the risk asset price model is given. According to arbitrage-free principle, we first discretize the continuous-time model. Then, in each small time interval, the transaction costs are introduced. By using the Δ-hedging strategy, the explicit solutions of the European options pricing formula with transaction costs are given for the risky asset price model with Lévy jump.

Improve global competitiveness with supply-chain management

International Nuclear Information System (INIS)

Krenek, M.R.

1997-01-01

Over the past 10 to 15 years, petrochemical companies have aggressively cut costs due to increased international competition. Unfortunately, these conditions will remain part of the future business environment. To remain international as players, leading chemical companies must develop new methods to keep a competitive edge. One option is to use global supply-chain management. With this strategy, organizations can optimize costs in an integrated fashion along the entire manufacturing and delivery system worldwide. This is a sharp contrast to previously used compartmentalized cost cutting by departments such as transportation, manufacturing, etc. Rethinking the supply-chain management requires devising a new order on how all manufacturing process costs contribute to the total product costs. Manufacturers can no longer look at operation segments as separate puzzle pieces. They must devise a framework that integrates all functions of production and distribution to be the lowest-cost manufacturer in that market

Are high labour costs destroying the competitiveness of danish dairy farmers?

DEFF Research Database (Denmark)

Asmild, Mette; Nielsen, Kurt; Bogetoft, Peter

of e¿ciency scores in di¿erent countries to assess their relative competitiveness. To analyze the e¿ect of labour costs we apply two di¿erent DEA models; one including the labour input as hours worked and the other including labour costs. This way we capture the e¿ect of labour costs on the di......This paper analysis the competitiveness of Danish dairy farmers relative to dairy farmers in other Northern European countries. We use individual farm accounts data from the European Commission’s Farm Accountancy Data Network (FADN) and have an average of 1665 observations per year in the period...

Lifecycle analysis of different urban transport options for Bangladesh

International Nuclear Information System (INIS)

Hossain, Ijaz; Guelen, Guercan

2007-01-01

Once again, sustained high oil prices are forcing policy makers in oil importing countries to consider alternatives to oil products as transportation fuels. Unlike in the past, advancements in technology, relative success of some experiments and increased familiarity among and acceptance by the public of some alternatives indicate a higher likelihood of success. In particular, natural gas offers a couple of the best options as compressed natural gas (CNG) and chemical conversion of natural gas into diesel (gas-to-liquids, GTL). These options are likely to be most attractive in countries that have cheap access to natural gas. We compare lifetime costs of several individual transportation options for Bangladesh, an oil importer with natural gas reserves. The results are then used to inform the natural gas policy debate in the country. Assuming a natural gas price of 1.5 per million Btu, both the CNG and GTL options are competitive with conventional gasoline/diesel cars if the oil price stays higher than 35-40 per barrel. If natural gas price increases after new upstream developments, CNG becomes less attractive while GTL remains competitive up to 2.5 if capital costs of GTL facilities decline as expected. Under a government policy push (lower discounting), the breakeven price of oil falls to 30-35 per barrel. (author)

The incremental cost of switching from Option B to Option B+ for the prevention of mother-to-child transmission of HIV

Science.gov (United States)

Shaffer, Nathan; Sangrujee, Nalinee; Abimbola, Taiwo O

2014-01-01

Abstract Objective To estimate the incremental cost over 5 years of a policy switch from the Option B to the Option B+ protocol for the prevention of mother-to-child transmission (PMTCT) of the human immunodeficiency virus (HIV). Methods Data from cost studies and other published sources were used to determine the cost, per woman and per cohort (1000 breastfeeding and 1000 non-breastfeeding women), of switching from Option B (maternal triple antiretroviral [ARV] regimen during pregnancy and breastfeeding plus daily nevirapine for the infant for 6 weeks) to Option B+ (maternal triple ARV regimen initiated during pregnancy and continued for life). The variables used to model the different scenarios were maternal CD4+ T lymphocyte (CD4+ cell) count (350–500 versus > 500 cells/µl), rate of decline in CD4+ cells (average, rapid, slow), breastfeeding status (yes, no) and breastfeeding duration (12, 18 or 24 months). Findings For women with CD4+ cell counts of 350–500 cells/µl, the incremental cost per 1000 women was 157 345 United States dollars (US$) for breastfeeding women and US$ 92 813 for non-breastfeeding women. For women with CD4+ cell counts > 500 cells/µl, the incremental cost per 1000 women ranged from US$ 363 443 to US$ 484 591 for breastfeeding women and was US$ 605 739 for non-breastfeeding women. Conclusion From a cost perspective, a policy switch from Option B to Option B+ is feasible in PMTCT programme settings where resources are currently being allocated to Option B. PMID:24700975

Comparative cost-effectiveness of Option B+ for prevention of mother-to-child transmission of HIV in Malawi.

Science.gov (United States)

Tweya, Hannock; Keiser, Olivia; Haas, Andreas D; Tenthani, Lyson; Phiri, Sam; Egger, Matthias; Estill, Janne

2016-03-27

To estimate the cost-effectiveness of prevention of mother-to-child transmission (MTCT) of HIV with lifelong antiretroviral therapy (ART) for pregnant and breastfeeding women ('Option B+') compared with ART during pregnancy or breastfeeding only unless clinically indicated ('Option B'). Mathematical modelling study of first and second pregnancy, informed by data from the Malawi Option B+ programme. Individual-based simulation model. We simulated cohorts of 10 000 women and their infants during two subsequent pregnancies, including the breastfeeding period, with either Option B+ or B. We parameterized the model with data from the literature and by analysing programmatic data. We compared total costs of antenatal and postnatal care, and lifetime costs and disability-adjusted life-years of the infected infants between Option B+ and Option B. During the first pregnancy, 15% of the infants born to HIV-infected mothers acquired the infection. With Option B+, 39% of the women were on ART at the beginning of the second pregnancy, compared with 18% with Option B. For second pregnancies, the rates MTCT were 11.3% with Option B+ and 12.3% with Option B. The incremental cost-effectiveness ratio comparing the two options ranged between about US$ 500 and US$ 1300 per DALY averted. Option B+ prevents more vertical transmissions of HIV than Option B, mainly because more women are already on ART at the beginning of the next pregnancy. Option B+ is a cost-effective strategy for PMTCT if the total future costs and lost lifetime of the infected infants are taken into account.

78 FR 48851 - Wireline Competition Bureau Announces Closing of the Bureau's Cost Model Virtual Workshop

Science.gov (United States)

2013-08-12

... Competition Bureau Announces Closing of the Bureau's Cost Model Virtual Workshop AGENCY: Federal... Wireline Competition Bureau announces the closing of the Bureau's Connect America Cost Model (CAM) virtual...-90. The Bureau has not yet finalized and adopted a cost model, and will raise any additional...

A qualitative assessment of climate adaptation options and some estimates of adaptation costs

International Nuclear Information System (INIS)

Van Ierland, E.C.; De Bruin, K.; Dellink, R.B.; Ruijs, A.

2006-12-01

The Routeplanner project aims to provide a 'systematic assessment' of potential adaptation options to respond to climate change in the Netherlands in connection to spatial planning. The study is the result of a policy oriented project that took place between May and September 2006. The aim of the current study is to provide a 'qualitative assessment' of the direct and indirect effects of adaptation options and to provide an assessment of some of the costs and benefits of adaptation options. The present report presents and summarizes the results of all phases of the study: an inventory of adaptation options, a qualitative assessment of the effects of the adaptation options for the Netherlands in the long run, a database which allows to rank the various options according to a set of criteria and a relative ranking on the basis of these criteria. Finally, the report also contains the best available information on costs and benefits of various adaptation options.

Cost-effectiveness of emergency contraception options over 1 year.

Science.gov (United States)

Bellows, Brandon K; Tak, Casey R; Sanders, Jessica N; Turok, David K; Schwarz, Eleanor B

2018-05-01

seeking emergency contraception, the model estimated direct medical costs of $1,228,000 and 137 unintended pregnancies with ulipristal acetate, compared to $1,279,000 and 150 unintended pregnancies with oral levonorgestrel, $1,376,000 and 61 unintended pregnancies with copper intrauterine devices, and $1,558,000 and 63 unintended pregnancies with oral levonorgestrel plus same-day levonorgestrel intrauterine device. The copper intrauterine device was the most cost-effective emergency contraception strategy in the majority (63.9%) of model iterations and, compared to ulipristal acetate, cost $1957 per additional pregnancy prevented. Model estimates were most sensitive to changes in the cost of the copper intrauterine device (with higher copper intrauterine device costs, oral levonorgestrel plus same-day levonorgestrel intrauterine device became the most cost-effective option) and the cost of a live birth (with lower-cost births, ulipristal acetate became the most cost-effective option). When the proportion of obese women in the population increased, the copper intrauterine device became even more most cost-effective. Over 1 year, the copper intrauterine device is currently the most cost-effective emergency contraception option. Policy makers and health care insurance companies should consider the potential for long-term savings when women seeking emergency contraception can promptly obtain whatever contraceptive best meets their personal preferences and needs; this will require removing barriers and promoting access to intrauterine devices at emergency contraception visits. Copyright © 2018 Elsevier Inc. All rights reserved.

2005 resource options report

International Nuclear Information System (INIS)

Morris, T.

2005-01-01

This resource options report (ROR) fulfils regulatory requirements in British Columbia's two-year resource planning process. It identifies a wide range of resources and technologies that could be used to meet BC Hydro's future electricity demand. As such, it facilitates a transparent public review of resource options which include both supply-side and demand-side options. The resource options that will be used in the 2005 integrated electricity plan (IEP) were characterized. This ROR also documents where there is a general agreement or disagreement on the resource type characterization, based on the First Nations and Stakeholder engagement. BC Hydro used current information to provide realistic ranges on volume and cost to characterize environmental and social attributes. The BC Hydro system was modelled to assess the benefit and cost of various resource options. The information resulting from this ROR and IEP will help in making decisions on how to structure competitive acquisition calls and to determine the level of transmission services needed to advance certain BC Hydro projects. The IEP forecasts the nature and quantity of domestic resources required over the next 20 years. A strategic direction on how those needs will be met has been created to guide the management of BC Hydro's energy resources. Supply-side options include near-commercial technologies such as energy storage, ocean waves, tidal, fuel cells and integrated coal gasification combined cycle technology. Supply-side options also include natural gas, coal, biomass, geothermal, wind, and hydro. 120 refs., 39 tabs., 21 figs., 6 appendices

Decisions on Energy Demand Response Option Contracts in Smart Grids Based on Activity-Based Costing and Stochastic Programming

Directory of Open Access Journals (Sweden)

Alfred J. Hildreth

2013-01-01

Full Text Available Smart grids enable a two-way energy demand response capability through which a utility company offers its industrial customers various call options for energy load curtailment. If a customer has the capability to accurately determine whether to accept an offer or not, then in the case of accepting an offer, the customer can earn both an option premium to participate, and a strike price for load curtailments if requested. However, today most manufacturing companies lack the capability to make the correct contract decisions for given offers. This paper proposes a novel decision model based on activity-based costing (ABC and stochastic programming, developed to accurately evaluate the impact of load curtailments and determine as to whether or not to accept an energy load curtailment offer. The proposed model specifically targets state-transition flexible and Quality-of-Service (QoS flexible energy use activities to reduce the peak energy demand rate. An illustrative example with the proposed decision model under a call-option based energy demand response scenario is presented. As shown from the example results, the proposed decision model can be used with emerging smart grid opportunities to provide a competitive advantage to the manufacturing industry.

Group-level competition influences urinary steroid hormones among wild red-tailed monkeys, indicating energetic costs.

Science.gov (United States)

Jaeggi, Adrian V; Trumble, Benjamin C; Brown, Michelle

2018-04-10

Various theories emphasize that intergroup competition should affect intragroup cooperation and social relationships, especially if the cost of intergroup competition outweighs that of intragroup competition. This cost of intergroup competition may be quantified by changes in physiological status, such as in the steroid hormones cortisol (C) and testosterone (T), which rise or are depressed during periods of energetic stress, respectively. Here we tested for changes in urinary C and T after intergroup encounters (IGEs) among wild red-tailed monkeys (Cercopithecus ascanius), a species that experiences frequent intergroup feeding competition, at the Ngogo station in Kibale National Park, Uganda. We assayed 108 urine samples, of which 36 were collected after IGEs, from 23 individuals in four social groups. Bayesian multilevel models controlling for various confounds revealed that IGEs increased C and decreased T relative to baseline, consistent with an energetic cost to IGEs. The C change was more apparent in samples collected early after IGEs, suggesting an anticipatory increase, whereas the T change was stronger in later samples, suggesting sustained energetic trade-offs. Hormone responses were not affected by the IGE outcome. This cost to intergroup competition, together with little evidence for intragroup competition in redtails and other guenons, establishes an interesting test case for theories emphasizing the effect of intergroup competition on intragroup cooperation. © 2018 Wiley Periodicals, Inc.

Economic assessment of R and D with real options in the field of fast reactors taking into account uncertainty on their competitiveness: the case of France

International Nuclear Information System (INIS)

Taverdet-Popiolek, Nathalie; Shoai Tehrani, Bianka

2013-01-01

In a context of potential worldwide nuclear development, this paper aims at assessing the economic value of pursuing research in Generation IV fast reactors today, given that it would allow industrial deployment around 2040 in case of high uranium prices. Two key variables shall be considered as inputs for the assessment: the price of uranium and the over-cost of Generation IV reactors compared to the previous generation. Our model based on real options theory demonstrates that this value is positive and outweighs the risks associated with the competitiveness of Generation IV. (authors)

Life-cycle private-cost-based competitiveness analysis of electric vehicles in China considering the intangible cost of traffic policies

International Nuclear Information System (INIS)

Diao, Qinghua; Sun, Wei; Yuan, Xinmei; Li, Lili; Zheng, Zhi

2016-01-01

Highlights: • LCCs of BEVs and CVs are compared, considering the effects of traffic policy. • BEVs are economically competitive with both national and local subsidies. • Traffic policies have a significant impact on the competitiveness of BEVs. • The promotion of electric vehicles should prioritize mega-cities. - Abstract: Electric vehicles produce zero tailpipe emissions during operation and have thus been considered a most promising method for providing mobility while reducing the greenhouse gas emissions of the transportation sector in the future. The life-cycle cost of electric vehicles has been widely studied to evaluate their competitiveness compared to conventional vehicles. However, the competitiveness of electric vehicles is highly dependent on government promotion policies, and the effects of non-economic incentive policies are currently difficult to include in life-cycle cost analysis. These non-economic effects are usually measured by the intangible cost. Traffic policies represent typical non-economic incentive policies. In China, electric vehicles are exempted from purchase restrictions (license plate control policy) and driving restrictions; thus, the intangible cost of traffic policies has significant effects on the comparison of electric vehicles and conventional vehicles. In this paper, from the consumers’ perspective, the intangible cost of purchase and driving restrictions is modeled and expressed in monetary terms; then, the impact of these non-economic incentive policies are compared with subsidies and other costs of vehicles. Thus, a more comprehensive comparison between electric and conventional vehicles can be provided. Using three selected typical battery electric vehicles and three correspondingly similarly sized conventional vehicles in China, the private life-cycle costs of battery electric vehicles and conventional vehicles are calculated and compared, a parametric variation analysis is performed, and the effects of economic

Management of busbar costs and spending tradeoffs for the transition to competitive markets in electricity

International Nuclear Information System (INIS)

Corio, M.R.; Boyd, G.

1995-01-01

Competition is changing the fundamental basis for doing business in the electricity generation market. As the market moves toward competitive market conditions, electricity will be viewed increasingly as a commodity--not only supplied to customers within a utility's service area, but brokered and marketed outside its area as well. With movement toward retail wheeling being considered in California, Michigan, and New York, it may soon become a reality as well. This means that a utility can no longer feel secure as the monopoly supplier of electricity within its own franchise area. To remain the main supplier in its current service area and compete for customers in other service areas, utilities will need to understand and examine all the components of ''busbar costs'' at its generating units. As competition drives the market to marginal costs, generating units with costs exceeding the market clearing price for electricity may soon have a limited role in the generation market. As the industry evolves, competition in the marketplace will force uneconomic plants to reduce costs or go out of business. This paper discusses results of studies addressing the evaluation of cost effectiveness, benchmarking of cost-efficiency, and development of marginal cost curves for busbar costs based on the development and aggregation of the three key measures which determine the cost and level of output (generation): (1) reliability; (2) heat rate; and (3) planned outage factor

Management of busbar costs and spending tradeoffs for the transition to competitive markets in electricity

Energy Technology Data Exchange (ETDEWEB)

Corio, M.R.; Boyd, G. [Applied Economic Research Co., Inc., New York, NY (United States)

1995-09-01

Competition is changing the fundamental basis for doing business in the electricity generation market. As the market moves toward competitive market conditions, electricity will be viewed increasingly as a commodity--not only supplied to customers within a utility`s service area, but brokered and marketed outside its area as well. With movement toward retail wheeling being considered in California, Michigan, and New York, it may soon become a reality as well. This means that a utility can no longer feel secure as the monopoly supplier of electricity within its own franchise area. To remain the main supplier in its current service area and compete for customers in other service areas, utilities will need to understand and examine all the components of ``busbar costs`` at its generating units. As competition drives the market to marginal costs, generating units with costs exceeding the market clearing price for electricity may soon have a limited role in the generation market. As the industry evolves, competition in the marketplace will force uneconomic plants to reduce costs or go out of business. This paper discusses results of studies addressing the evaluation of cost effectiveness, benchmarking of cost-efficiency, and development of marginal cost curves for busbar costs based on the development and aggregation of the three key measures which determine the cost and level of output (generation): (1) reliability; (2) heat rate; and (3) planned outage factor.

Effects of competition on the cost and quality of inpatient rehabilitation care under prospective payment.

Science.gov (United States)

Colla, Carrie Hoverman; Escarce, José J; Buntin, Melinda Beeuwkes; Sood, Neeraj

2010-12-01

To determine the effect of competition in postacute care (PAC) markets on resource intensity and outcomes of care in inpatient rehabilitation facilities (IRFs) after prospective payment was implemented. Medicare claims, Provider of Services file, Enrollment file, Area Resource file, Minimum Data Set. We created an exogenous measure of competition based on patient travel distances and used instrumental variables models to estimate the effect of competition on inpatient rehabilitation costs, length of stay, and death or institutionalization. A file was constructed linking data for Medicare patients discharged from acute care between 2002 and 2003 and admitted to an IRF with a diagnosis of hip fracture or stroke. Competition had different effects on treatment intensity and outcomes for hip fracture and stroke patients. In the treatment of hip fracture, competition increased costs and length of stay, while increasing rates of death or institutionalization. In the treatment of stroke, competition decreased costs and length of stay and produced inferior outcomes. The effects of competition in PAC markets may vary by condition. It is important to study the effects of competition by diagnostic condition and to study the effects across populations that vary in severity. Our finding that higher competition under prospective payment led to worse IRF outcomes raises concerns and calls for additional research. © Health Research and Educational Trust.

Process-Based Cost Modeling of Photonics Manufacture: The Cost Competitiveness of Monolithic Integration of a 1550-nm DFB Laser and an Electroabsorptive Modulator on an InP Platform

Science.gov (United States)

Fuchs, Erica R. H.; Bruce, E. J.; Ram, R. J.; Kirchain, Randolph E.

2006-08-01

The monolithic integration of components holds promise to increase network functionality and reduce packaging expense. Integration also drives down yield due to manufacturing complexity and the compounding of failures across devices. Consensus is lacking on the economically preferred extent of integration. Previous studies on the cost feasibility of integration have used high-level estimation methods. This study instead focuses on accurate-to-industry detail, basing a process-based cost model of device manufacture on data collected from 20 firms across the optoelectronics supply chain. The model presented allows for the definition of process organization, including testing, as well as processing conditions, operational characteristics, and level of automation at each step. This study focuses on the cost implications of integration of a 1550-nm DFB laser with an electroabsorptive modulator on an InP platform. Results show the monolithically integrated design to be more cost competitive over discrete component options regardless of production scale. Dominant cost drivers are packaging, testing, and assembly. Leveraging the technical detail underlying model projections, component alignment, bonding, and metal-organic chemical vapor deposition (MOCVD) are identified as processes where technical improvements are most critical to lowering costs. Such results should encourage exploration of the cost advantages of further integration and focus cost-driven technology development.

Cost-effectiveness analysis of Option B+ for HIV prevention and treatment of mothers and children in Malawi.

Science.gov (United States)

Fasawe, Olufunke; Avila, Carlos; Shaffer, Nathan; Schouten, Erik; Chimbwandira, Frank; Hoos, David; Nakakeeto, Olive; De Lay, Paul

2013-01-01

The Ministry of Health in Malawi is implementing a pragmatic and innovative approach for the management of all HIV-infected pregnant women, termed Option B+, which consists of providing life-long antiretroviral treatment, regardless of their CD4 count or clinical stage. Our objective was to determine if Option B+ represents a cost-effective option. A decision model simulates the disease progression of a cohort of HIV-infected pregnant women receiving prophylaxis and antiretroviral therapy, and estimates the number of paediatric infections averted and maternal life years gained over a ten-year time horizon. We assess the cost-effectiveness from the Ministry of Health perspective while taking into account the practical realities of implementing ART services in Malawi. If implemented as recommended by the World Health Organization, options A, B and B+ are equivalent in preventing new infant infections, yielding cost effectiveness ratios between US$ 37 and US$ 69 per disability adjusted life year averted in children. However, when the three options are compared to the current practice, the provision of antiretroviral therapy to all mothers (Option B+) not only prevents infant infections, but also improves the ten-year survival in mothers more than four-fold. This translates into saving more than 250,000 maternal life years, as compared to mothers receiving only Option A or B, with savings of 153,000 and 172,000 life years respectively. Option B+ also yields favourable incremental cost effectiveness ratios (ICER) of US$ 455 per life year gained over the current practice. In Malawi, Option B+ represents a favorable policy option from a cost-effectiveness perspective to prevent future infant infections, save mothers' lives and reduce orphanhood. Although Option B+ would require more financial resources initially, it would save societal resources in the long-term and represents a strategic option to simplify and integrate HIV services into maternal, newborn and child

Marginal CO2 cost pass-through under imperfect competition in power markets

International Nuclear Information System (INIS)

Chernyavs'ka, Liliya; Gulli, Francesco

2008-01-01

In line with economic theory, carbon ETS determines a rise in marginal cost equal to the carbon opportunity cost regardless of whether carbon allowances are allocated free of charge or not. This paper aims at evaluating to what extent firms in imperfectly competitive markets will pass-through into electricity prices the increase in cost. By using the load duration curve approach and the dominant firm with competitive fringe model, we show that the result is ambiguous. The increase in price can be either lower or higher than the marginal CO 2 cost, depending on several structural factors: the degree of market concentration, the available capacity (whether there is excess capacity or not), the power plant mix in the market and the power demand level (peak vs. off-peak hours). The empirical analysis of the Italian context (an emblematic case of imperfectly competitive market), which can be split into four sub-markets with different structural features, provides a contribution supporting the model predictions. Market power, therefore, would determine a significant deviation from the 'full pass-through' rule but we cannot know the sign of this deviation, a priori, i.e. without before taking carefully into account the structural features of the power market. (author)

Costs of mixed low-level waste stabilization options

International Nuclear Information System (INIS)

Schwinkendorf, W.E.; Cooley, C.R.

1998-01-01

Selection of final waste forms to be used for disposal of DOE's mixed low-level waste (MLLW) depends on the waste form characteristics and total life cycle cost. In this paper the various cost factors associated with production and disposal of the final waste form are discussed and combined to develop life-cycle costs associated with several waste stabilization options. Cost factors used in this paper are based on a series of treatment system studies in which cost and mass balance analyses were performed for several mixed low-level waste treatment systems and various waste stabilization methods including vitrification, grout, phosphate bonded ceramic and polymer. Major cost elements include waste form production, final waste form volume, unit disposal cost, and system availability. Production of grout costs less than the production of a vitrified waste form if each treatment process has equal operating time (availability) each year; however, because of the lower volume of a high temperature slag, certification and handling costs and disposal costs of the final waste form are less. Both the total treatment cost and life cycle costs are higher for a system producing grout than for a system producing high temperature slag, assuming equal system availability. The treatment costs decrease with increasing availability regardless of the waste form produced. If the availability of a system producing grout is sufficiently greater than a system producing slag, then the cost of treatment for the grout system will be less than the cost for the slag system, and the life cycle cost (including disposal) may be less depending on the unit disposal cost. Treatment and disposal costs will determine the return on investment in improved system availability

Factors affecting the cost and competitiveness of nuclear electricity

International Nuclear Information System (INIS)

Bertel, E.; Stevens, G.H.

1996-01-01

The general context in which are carried out the investment choices of the electric sector has evolved in a significant way during these last years and the changes are to a certain extent irreversible. Economic globalization, deregulation of the electricity market, privatisation of electricity producers, and increasing awareness of environmental issues are modifying the policy-making landscape and the criteria and priorities of decision-makers in the power sector. Competitiveness remains a cornerstone for evaluating and choosing alternative technologies in the process of planning and decision-making for electricity system expansion or power plant replacement. Nevertheless, the production costs analysis inserts factors which were not taking before into account as for instance social impacts, health and environmental effects. These new approaches better reveal the total costs of the different production means. They will certainly lead to different choices than those based on the whole comparison of direct costs supported by producers. The economic studies carried out by the Nuclear Energy Agency of the OECD (NEA) cover all the preceding aspects and give objective information on the competitiveness of nuclear electricity. The nuclear industry has today the necessary means to take up the challenges of the electricity new markets. (O.M.)

A mathematical model for cost of maritime transport. Application to competitiveness of nuclear vessels

International Nuclear Information System (INIS)

Dorval, C.

1966-05-01

In studying the competitiveness of a nuclear merchant vessel, economic assessments in terms of figures were discarded in favor of a simplified model, which gives a clearer idea of the mechanism of the comparison between alternative vessels and the particular influence of each parameter. An expression is formulated for the unit cost per ton carried over a given distance as a function of the variables (speed and deadweight tonnage) and is used to determine the optima for conventional and nuclear vessels. To represent the freight market involved in the optimization studies, and thus in the competitiveness computation, two cases are taken into account: the tonnage to be carried annually is limited, and the tonnage to be carried annually is not limited. In both cases the optima are calculated and compared for a conventional and a nuclear vessel. Competitiveness curves are plotted as a function of the ratios of nuclear and conventional fuel costs and nuclear and conventional marginal power costs. These curves express the limiting values of the above two ratios for which the transport costs of the nuclear and conventional vessels are equal. The competitiveness curves vary considerably according to the hypothesis adopted for the freight market and the limit of tonnage carried annually. (author) [fr

Design approaches to achieve competitive LMFBR capital costs

International Nuclear Information System (INIS)

Arnold, W.H.; Ehrman, C.S.; Sharbaugh, J.E.; Young, W.H.

1982-01-01

Through analysis of the essential functional elements of an LMFBR, numerous ways were found to simplify system design, reduce the size of components and equipment, and eliminate some components and systems. The projected capital cost per net kW of this design is competitive with that of current PWRs. RandD programs and the construction and operation of CRBRP now are needed to prove out the features of this new design

Competitiveness and Carbon Dioxide Emissions of Potential Electricity Generating Options in Croatia

International Nuclear Information System (INIS)

Feretic, D.

2008-01-01

As part of analysis of options needed to generate additional 6-8 TWh of electrical energy for Croatian consumers by the end of next decade, a comparison between natural gas combined cycle plants jointly with wind electricity generator and nuclear power plants has been performed. The choice is a real challenge, but it is logical that the criteria for optimal option are maximal net cash flow and minimal carbon dioxide emission. Since the comparison has to include analysis of discounted net cash flow during plants operating period (including total life time period and period of most insensitive capital return) and since foreseen potential long term fuel cost variations (gas, uranium concentrate and uranium enrichment) contain substantial uncertainties, the best method is to calculate discounted net cash flow with probabilistic method. Prognosis for long term nuclear fuel cycle and gas costs is included in the analyses. Results, obtained in form of probabilistic distributions, showed that selection of option with nuclear plant would doubtlessly result in higher net cash flow for the investor, and of course, in lower CO 2 emissions. Effect of plant selection to net cash flow and CO 2 emissions is additionally analyzed by comparing systems containing wind and gas plants versus system with gas plants only. The difference is less pronounced in case when wind generators have low capacity factors (similar to experienced for wind plants already operating on Adriatic coast). (author)

Nuclear Energy: A Competitive and Safe Option, The EDF Experience

International Nuclear Information System (INIS)

Colas, F.

1998-01-01

Today, nuclear energy seems challenged by fossil energies, especially gas. However, the 1997's French government survey over energy options still places nuclear energy at the top of the list. The reasons why and how safe nuclear energy is still competitive are detailed in this paper. Most recent data from EDF's reactor will be discussed in terms of environmental and electricity production issues. The methods and management used to attain these results are explained for the different phases: design, construction, operation, and maintenance. The beneficial aspects over industrial development and local employment will be underlined. The influence of nuclear energy on EDF's financial results are shown, from past programme to today's operation. As most of french reactors are designed to adapt their output to the changes of load in the national grid, results are, as a conclusion, discussed in a small and medium electrical grid perspective. (author)

Feasibility, cost and safety of some rehabilitation options for the Maralinga test site

International Nuclear Information System (INIS)

Vande Putte, D.; Tufton, E.P.S.; Myall, M.

1992-01-01

The need to rehabilitate the former nuclear test site at Maralinga has required the development of safe and cost-effective clean-up measures. Options have been investigated, which include fencing-off parts of the site, removing surface soil, mixing surface soil and stabilising the contents of debris pits. The results of the study can be used in selecting the most suitable options or combination of options necessary to achieve a given radiological end-point. (author)

The Dynamics of Bertrand Price Competition with Cost-Reducing Investments

DEFF Research Database (Denmark)

Iskhakov, Fedor; Rust, John; Schjerning, Bertel

2018-01-01

We extend the classic Bertrand duopoly model of price competition to a dynamic setting where competing duopolists invest in a stochastically improving production technology to “leapfrog” their rival and attain temporary low cost leadership. We find a huge multiplicity of Markov perfect equilibria...

Comparative cost-effectiveness of Option B+ for prevention of mother to child transmission of HIV in Malawi: Mathematical modelling study

Science.gov (United States)

Tweya, Hannock; Keiser, Olivia; Haas, Andreas D.; Tenthani, Lyson; Phiri, Sam; Egger, Matthias; Estill, Janne

2016-01-01

Objective To estimate the cost-effectiveness of prevention of mother to child transmission (MTCT) of HIV with lifelong antiretroviral therapy (ART) for pregnant and breastfeeding women (‘Option B+’) compared to ART during pregnancy or breastfeeding only unless clinically indicated (‘Option B’). Design Mathematical modelling study of first and second pregnancy, informed by data from the Malawi Option B+ programme. Methods Individual-based simulation model. We simulated cohorts of 10,000 women and their infants during two subsequent pregnancies, including the breastfeeding period, with either Option B+ or B. We parameterised the model with data from the literature and by analysing programmatic data. We compared total costs of ante-natal and post-natal care, and lifetime costs and disability-adjusted life-years (DALYs) of the infected infants between Option B+ and Option B. Results During the first pregnancy, 15% of the infants born to HIV-infected mothers acquired the infection. With Option B+, 39% of the women were on ART at the beginning of the second pregnancy, compared to 18% with Option B. For second pregnancies, the rates MTCT were 11.3% with Option B+ and 12.3% with Option B. The incremental cost-effectiveness ratio comparing the two options ranged between about US$ 500 and US$ 1300 per DALY averted. Conclusion Option B+ prevents more vertical transmissions of HIV than Option B, mainly because more women are already on ART at the beginning of the next pregnancy. Option B+ is a cost-effective strategy for PMTCT if the total future costs and lost lifetime of the infected infants are taken into account. PMID:26691682

Pricing European option with transaction costs under the fractional long memory stochastic volatility model

Science.gov (United States)

Wang, Xiao-Tian; Wu, Min; Zhou, Ze-Min; Jing, Wei-Shu

2012-02-01

This paper deals with the problem of discrete time option pricing using the fractional long memory stochastic volatility model with transaction costs. Through the 'anchoring and adjustment' argument in a discrete time setting, a European call option pricing formula is obtained.

Supply chain cost analysis of long-distance transportation of energy wood in Finland

International Nuclear Information System (INIS)

Tahvanainen, Timo; Anttila, Perttu

2011-01-01

The increasing use of bioenergy has resulted in a growing demand for long-distance transportation of energy wood. For both biofuels and traditional forest products, the importance of energy efficiency and rail use is growing. A GIS-based model for energy wood supply chains was created and used to simulate the costs for several supply chains in a study area in eastern Finland. Cost curves of ten supply chains for logging residues and full trees based on roadside, terminal and end-facility chipping were analyzed. The average procurement costs from forest to roadside storage were included. Railway transportation was compared to the most commonly used truck transportation options in long-distance transport. The potential for the development of supply chains was analyzed using a sensitivity analysis of 11 modified supply chain scenarios. For distances shorter than 60 km, truck transportation of loose residues and end-facility comminution was the most cost-competitive chain. Over longer distances, roadside chipping with chip truck transportation was the most cost-efficient option. When the transportation distance went from 135 to 165 km, depending on the fuel source, train-based transportation offered the lowest costs. The most cost-competitive alternative for long-distance transport included a combination of roadside chipping, truck transportation to the terminal and train transportation to the plant. Due to the low payload, the energy wood bundle chain with train transportation was not cost-competitive. Reduction of maximum truck weight increased the relative competitiveness of loose residue chains and train-based transportation, while reduction of fuel moisture increased competitiveness, especially of chip trucks.

An easy and low cost option for economic statistical process control ...

African Journals Online (AJOL)

An easy and low cost option for economic statistical process control using Excel. ... in both economic and economic statistical designs of the X-control chart. ... in this paper and the numerical examples illustrated are executed on this program.

Joint care can outweigh costs of nonkin competition in communal breeders.

Science.gov (United States)

Bebbington, Kat; Fairfield, Eleanor A; Spurgin, Lewis G; Kingma, Sjouke A; Dugdale, Hannah; Komdeur, Jan; Richardson, David S

2018-01-01

Competition between offspring can greatly influence offspring fitness and parental investment decisions, especially in communal breeders where unrelated competitors have less incentive to concede resources. Given the potential for escalated conflict, it remains unclear what mechanisms facilitate the evolution of communal breeding among unrelated females. Resolving this question requires simultaneous consideration of offspring in noncommunal and communal nurseries, but such comparisons are missing. In the Seychelles warbler Acrocephalus sechellensis, we compare nestling pairs from communal nests (2 mothers) and noncommunal nests (1 mother) with singleton nestlings. Our results indicate that increased provisioning rate can act as a mechanism to mitigate the costs of offspring rivalry among nonkin. Increased provisioning in communal broods, as a consequence of having 2 female parents, mitigates any elevated costs of offspring rivalry among nonkin: per-capita provisioning and survival was equal in communal broods and singletons, but lower in noncommunal broods. Individual offspring costs were also more divergent in noncommunal broods, likely because resource limitation exacerbates differences in competitive ability between nestlings. It is typically assumed that offspring rivalry among nonkin will be more costly because offspring are not driven by kin selection to concede resources to their competitors. Our findings are correlational and require further corroboration, but may help explain the evolutionary maintenance of communal breeding by providing a mechanism by which communal breeders can avoid these costs.

Electric power's new competitive marketplace

International Nuclear Information System (INIS)

Hornick, R.; Zeppieri, J.; Rudden, K.

1993-01-01

Currently, competition is limited primarily to power generation, the sale of wholesale bulk power, and fuel substitution at the point of end use. However, within the next several years, the rivalry will focus on large, energy-intensive industrial and large commercial customers. Driven by the disparity in rates among neighboring and regional utilities, large users are expected to lobby aggressively for retail wheeling and access to new supplies. New competitors will provide customers with additional supply options, forcing traditional utilities to offer better prices and or service. Competition at the point of end use also will increase as the natural gas industry develops new end-use technologies, gas utilities compete more aggressively, and some state regulatory commissions promote fuel switching as part of integrated resource planning (IRP) and demand-side management (DSM). However, as long as electric utilities are subject to cost-based rate of return regulation within price-sensitive markets, they will be a competitive disadvantage. The paper discusses the following: competitive risks by market segment, wholesale markets, industrial markets, commercial markets, residential markets, and franchise markets

Electricity transmission congestion costs: A review of recent reports

Energy Technology Data Exchange (ETDEWEB)

Lesieutre, Bernard C.; Eto, Joseph H.

2003-10-01

Recently, independent system operators (ISOs) and others have published reports on the costs of transmission congestion. The magnitude of congestion costs cited in these reports has contributed to the national discussion on the current state of U.S. electricity transmission system and whether it provides an adequate platform for competition in wholesale electricity markets. This report reviews reports of congestion costs and begins to assess their implications for the current national discussion on the importance of the U.S. electricity transmission system for enabling competitive wholesale electricity markets. As a guiding principle, we posit that a more robust electricity system could reduce congestion costs; and thereby, (1) facilitate more vibrant and fair competition in wholesale electricity markets, and (2) enable consumers to seek out the lowest prices for electricity. Yet, examining the details suggests that, sometimes, there will be trade-offs between these goals. Therefore, it is essential to understand who pays, how much, and how do they benefit in evaluating options (both transmission and non-transmission alternatives) to address transmission congestion. To describe the differences among published estimates of congestion costs, we develop and motivate three ways by which transmission congestion costs are calculated in restructured markets. The assessment demonstrates that published transmission congestion costs are not directly comparable because they have been developed to serve different purposes. More importantly, critical information needed to make them more comparable, for example in order to evaluate the impacts of options to relieve congestion, is sometimes not available.

The Effectiveness of Competition Policy and the Price-Cost Margin: Evidence from Panel Data

OpenAIRE

Patrick McCloughan; Seán Lyons; William Batt

2007-01-01

This paper presents robust panel data econometric evidence suggesting that more effective competition policy curtails the exercise of market power because countries in which competition policy is judged to be more effective are characterised by lower market price-cost margins, controlling for other factors, including market growth, import penetration and spare capacity. The measure of competition policy effectiveness incorporated into our analysis is the annual survey-based ratings of nationa...

Proportional Transaction Costs in the Robust Control Approach to Option Pricing: The Uniqueness Theorem

Energy Technology Data Exchange (ETDEWEB)

El Farouq, Naïma, E-mail: naima.elfarouq@univ-bpclermont.fr [Université Blaise Pascal (Clermont-Ferrand II) (France); Bernhard, Pierre, E-mail: pierre.bernhard@inria.fr [INRIA Sophia Antipolis-Méditerranée (France)

2015-10-15

We prove the missing uniqueness theorem for the viscosity solution of a quasi-variational inequality related to a minimax impulse control problem modeling the option pricing with proportional transactions costs. This result makes our robust control approach of option pricing in the interval market model essentially complete.

Proportional Transaction Costs in the Robust Control Approach to Option Pricing: The Uniqueness Theorem

International Nuclear Information System (INIS)

El Farouq, Naïma; Bernhard, Pierre

2015-01-01

We prove the missing uniqueness theorem for the viscosity solution of a quasi-variational inequality related to a minimax impulse control problem modeling the option pricing with proportional transactions costs. This result makes our robust control approach of option pricing in the interval market model essentially complete

Competition in the Dutch hospital sector : an analysis of health care volume and cost

NARCIS (Netherlands)

Krabbe-Alkemade, Y. J F M; Groot, T. L C M; Lindeboom, M.

2017-01-01

This paper evaluates the impact of market competition on health care volume and cost. At the start of 2005, the financing system of Dutch hospitals started to be gradually changed from a closed-end budgeting system to a non-regulated price competitive prospective reimbursement system. The gradual

48 CFR 1552.217-74 - Option for increased quantity-cost-plus-award-fee contract.

Science.gov (United States)

2010-10-01

... quantity-cost-plus-award-fee contract. 1552.217-74 Section 1552.217-74 Federal Acquisition Regulations... Texts of Provisions and Clauses 1552.217-74 Option for increased quantity—cost-plus-award-fee contract. As prescribed in 1517.208(e), insert this contract clause in cost-plus-award-fee term contracts when...

Minimizing the cost of keeping options open for conservation in a changing climate.

Science.gov (United States)

Mills, Morena; Nicol, Sam; Wells, Jessie A; Lahoz-Monfort, José J; Wintle, Brendan; Bode, Michael; Wardrop, Martin; Walshe, Terry; Probert, William J M; Runge, Michael C; Possingham, Hugh P; Madden, Eve McDonald

2014-06-01

Policy documents advocate that managers should keep their options open while planning to protect coastal ecosystems from climate-change impacts. However, the actual costs and benefits of maintaining flexibility remain largely unexplored, and alternative approaches for decision making under uncertainty may lead to better joint outcomes for conservation and other societal goals. For example, keeping options open for coastal ecosystems incurs opportunity costs for developers. We devised a decision framework that integrates these costs and benefits with probabilistic forecasts for the extent of sea-level rise to find a balance between coastal ecosystem protection and moderate coastal development. Here, we suggest that instead of keeping their options open managers should incorporate uncertain sea-level rise predictions into a decision-making framework that evaluates the benefits and costs of conservation and development. In our example, based on plausible scenarios for sea-level rise and assuming a risk-neutral decision maker, we found that substantial development could be accommodated with negligible loss of environmental assets. Characterization of the Pareto efficiency of conservation and development outcomes provides valuable insight into the intensity of trade-offs between development and conservation. However, additional work is required to improve understanding of the consequences of alternative spatial plans and the value judgments and risk preferences of decision makers and stakeholders. © 2014 Society for Conservation Biology.

New competition hits the U.S. electric industry

International Nuclear Information System (INIS)

Hunter, M.

1993-01-01

Three case studies of competition in the United States electric industry are described which illustrate some of the most striking characteristics of the new competitive situation: utilities foraging in other service areas for long-term customers, customers playing one service-area's pricing against another to obtain better terms, and new generating entities being created with the option of seeking mandated transmission access. The trends illustrated by these studies indicate a move away from a regulated monopoly setting toward a market in which the price of bulk electricity is driven down toward the long-run marginal cost of the service. In New England, non-utility generation in 1992 accounted for 17% of electricity sales, up from essentially zero in 1980. Although increasing competition among electric utilities could lower electric power prices and improve industrial competitiveness, there are several concerns which may signify unpleasant outcomes for electric utilities. These concerns include inefficient investment, in which local utility grids are bypassed in favor of other generating units whose competitive advantage may be the result of arbitrary cost-shifting; the exit of large power users placing more of a fixed-cost burden on the remaining customers of a utility, resulting in a vicious spiral of more defections; and insecurities in purchasing power from a new supplier who may not be subject to the same legal obligations as a local utility. Recommendations are made for accommodating more competition without causing adverse effects, including proper pricing of transmission, helping utilities compete on generation, and avoiding non-electric mandates for utilities. 9 refs

Risk preference, option pricing and portfolio hedging with proportional transaction costs

International Nuclear Information System (INIS)

Wang, Xiao-Tian; Li, Zhe; Zhuang, Le

2017-01-01

Highlights: • Scaling is a key factor in option pricing. • The model is theoretically analyzed and the results are new. • Some numerical examples are performed. • The implied-volatility-frown is affected by the risk preference and scaling. - Abstract: This paper is concerned in the option pricing and portfolio hedging in a discrete time case with the proportional transaction costs. Through the Monte Carlo simulations it has been shown that the fractal scaling and risk preference of traders have an important influence on the hedging performances in both option pricing and portfolio hedging in a discrete time case. In addition, the relation between preference of traders and implied volatility frown is discussed. We conclude that the risk preferences of traders play an important role in determining the shape of the implied-volatility-frown and the different options having the different hedging frequencies is another reason for the implied volatility frown.

Costs of compliance with EU regulations and competitiveness of the EU dairy sector

NARCIS (Netherlands)

Bezlepkina, I.; Jongeneel, R.; Brouwer, F.M.; Dillen, K.; Meister, A.; Winsten, J.; Roest, de K.; Demont, M.

2008-01-01

The introduction of cross-compliance mechanism in the European Union with its 2003 CAPreform might affect the costs of production and thus competitiveness of the EU. Little evidence is available to asses the costs of compliance with regulations and it implication for trade. In this study a farm

Applicability of the cost-effectiveness approach for comparison of waste management options

International Nuclear Information System (INIS)

Vuori, S.; Peltonen, E.; Vieno, T.; Vira, J.

1984-01-01

There is an obvious need to consider the achievable level of safety of waste management in view of the costs involved. The feasibility of the cost-effectiveness approach for this purpose is discussed in the framework of practical case studies. The analysis indicates that such an approach has clear benefits, but it also reveals several issues and ambiguities in its application. The waste management alternatives considered include various concepts for the disposal of low- and intermediate-level reactor wastes as well as of the unreprocessed spent fuel. The employed impact indicators describe both the individual and collective risks. In addition, indicators simultaneously giving a perspective into other risks in the society and a means to make a rank ordering of the alternative options are proposed. The cost-effectiveness ratios for collective risks vary in the range of ten to hundreds of millions US $ per man.Sv. The examples considered also indicate that increased costs do not necessarily improve safety. Furthermore, the comparison of the safety of different options requires more sophisticated and realistic models than those employed in the present analyses, because an unbalanced degree of conservatism could result in misleading conclusions. (author)

Controlling air pollution from passenger ferries: cost-effectiveness of seven technological options.

Science.gov (United States)

Farrell, Alexander E; Corbett, James J; Winebrake, James J

2002-12-01

Continued interest in improving air quality in the United States along with renewed interest in the expansion of urban passenger ferry service has created concern about air pollution from ferry vessels. This paper presents a methodology for estimating the air pollution emissions from passenger ferries and the costs of emissions control strategies. The methodology is used to estimate the emissions and costs of retrofitting or re-powering ferries with seven technological options (combinations of propulsion and emission control systems) onto three vessels currently in service in San Francisco Bay. The technologies include improved engine design, cleaner fuels (including natural gas), and exhaust gas cleanup devices. The three vessels span a range of ages and technologies, from a 25-year-old monohull to a modern, high-speed catamaran built only four years ago. By looking at a range of technologies, vessel designs, and service conditions, a sense of the broader implications of controlling emissions from passenger ferries across a range of vessels and service profiles is provided. Tier 2-certified engines are the most cost-effective choice, but all options are cost-effective relative to other emission control strategies already in place in the transportation system.

Managing health care costs: strategies available to small businesses.

Science.gov (United States)

Higgins, C W; Finley, L; Kinard, J

1990-07-01

Although health care costs continue to rise at an alarming rate, small businesses can take steps to help moderate these costs. First, business firms must restructure benefits so that needless surgery is eliminated and inpatient hospital care is minimized. Next, small firms should investigate the feasibility of partial self-insurance options such as risk pooling and purchasing preferred premium plans. Finally, small firms should investigate the cost savings that can be realized through the use of alternative health care delivery systems such as HMOs and PPOs. Today, competition is reshaping the health care industry by creating more options and rewarding efficiency. The prospect of steadily rising prices and more choices makes it essential that small employers become prudent purchasers of employee health benefits. For American businesses, the issue is crucial. Unless firms can control health care costs, they will have to keep boosting the prices of their goods and services and thus become less competitive in the global marketplace. In that event, many workers will face a prospect even more grim than rising medical premiums: losing their jobs.

Competitive positioning of power generation plants in a deregulated market

International Nuclear Information System (INIS)

Stephens, J.

1998-01-01

As industrialized countries deregulate their electric power industries, there is a fundamental shift from guaranteed cost recovery to open market competition on a deregulated grid. Utilities generally competitively bid into a power exchange where the lowest cost power providers are dispatched first. Therefore, the competitiveness of utilities determines their profitability. This commercial structure compels power generators to seek out ways of improving their equipment and plant performance. The inevitability of this trend is demonstrated by a look at the installed base in the US where the move toward deregulation is gaining momentum. More than half of the generating plants in the US are over 20 years old. The average thermal efficiency nation-wide is 33%. In contrast, contemporary coal-and gas-fired plants can operate at efficiency levels up to 45 percent and 55 to 60%, respectfully. With new facilities coming on-line, existing plants will need to make improvements to be dispatched. When deregulation fully envelopes the US market, utilities will not all fit into one pattern; their strategies and actions will depend on a multiple set of factors. Their success will be based on their ability to change landscapes from guaranteed cost recovery to competitive bidding. This paper discussers technical and commercial options available to power producers to improve their competitive positions in a deregulated market as well as software for determining the competitiveness of specific power plants and the location-based market prices of electricity. Examples of the application of alternatives will be cited along with expected payback and impact on cents per kilowatt-hour production costs

Competition between biofuels. Modeling technological learning and cost reductions over time

International Nuclear Information System (INIS)

De Wit, M.; Junginger, M.; Faaij, A.; Lensink, S.M.; Londo, H.M.

2009-10-01

A key aspect in modeling the (future) competition between biofuels is the way in which production cost developments are computed. The objective of this study was threefold: (1) to construct a (endogenous) relation between cost development and cumulative production (2) to implement technological learning based on both engineering study insights and an experience curve approach, and (3) to investigate the impact of different technological learning assumptions on the market diffusion patterns of different biofuels. The analysis was executed with the European biofuel model BioTrans, which computes the least cost biofuel route. The model meets an increasing demand, reaching a 25% share of biofuels of the overall European transport fuel demand by 2030. Results show that 1st generation biodiesel is the most cost competitive fuel, dominating the early market. With increasing demand, modestly productive oilseed crops become more expensive rapidly, providing opportunities for advanced biofuels to enter the market. While biodiesel supply typically remains steady until 2030, almost all additional yearly demands are delivered by advanced biofuels, supplying up to 60% of the market by 2030. Sensitivity analysis shows that (a) overall increasing investment costs favour biodiesel production, (b) separate gasoline and diesel subtargets may diversify feedstock production and technology implementation, thus limiting the risk of failure and preventing lock-in and (c) the moment of an advanced technology's commercial market introduction determines, to a large degree, its future chances for increasing market share.

Electricity prices in a competitive environment: Marginal cost pricing of generation services and financial status of electric utilities. A preliminary analysis through 2015

International Nuclear Information System (INIS)

1997-08-01

The emergence of competitive markets for electricity generation services is changing the way that electricity is and will be priced in the United States. This report presents the results of an analysis that focuses on two questions: (1) How are prices for competitive generation services likely to differ from regulated prices if competitive prices are based on marginal costs rather than regulated open-quotes cost-of-serviceclose quotes pricing? (2) What impacts will the competitive pricing of generation services (based on marginal costs) have on electricity consumption patterns, production costs, and the financial integrity patterns, production costs, and the financial integrity of electricity suppliers? This study is not intended to be a cost-benefit analysis of wholesale or retail competition, nor does this report include an analysis of the macroeconomic impacts of competitive electricity prices

Cost, energy, global warming, eutrophication and local human health impacts of community water and sanitation service options.

Science.gov (United States)

Schoen, Mary E; Xue, Xiaobo; Wood, Alison; Hawkins, Troy R; Garland, Jay; Ashbolt, Nicholas J

2017-02-01

We compared water and sanitation system options for a coastal community across selected sustainability metrics, including environmental impact (i.e., life cycle eutrophication potential, energy consumption, and global warming potential), equivalent annual cost, and local human health impact. We computed normalized metric scores, which we used to discuss the options' strengths and weaknesses, and conducted sensitivity analysis of the scores to changes in variable and uncertain input parameters. The alternative systems, which combined centralized drinking water with sanitation services based on the concepts of energy and nutrient recovery as well as on-site water reuse, had reduced environmental and local human health impacts and costs than the conventional, centralized option. Of the selected sustainability metrics, the greatest advantages of the alternative community water systems (compared to the conventional system) were in terms of local human health impact and eutrophication potential, despite large, outstanding uncertainties. Of the alternative options, the systems with on-site water reuse and energy recovery technologies had the least local human health impact; however, the cost of these options was highly variable and the energy consumption was comparable to on-site alternatives without water reuse or energy recovery, due to on-site reuse treatment. Future work should aim to reduce the uncertainty in the energy recovery process and explore the health risks associated with less costly, on-site water treatment options. Copyright © 2016 Elsevier Ltd. All rights reserved.

Electricity prices in a competitive environment: Marginal cost pricing of generation services and financial status of electric utilities. A preliminary analysis through 2015

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-08-01

The emergence of competitive markets for electricity generation services is changing the way that electricity is and will be priced in the United States. This report presents the results of an analysis that focuses on two questions: (1) How are prices for competitive generation services likely to differ from regulated prices if competitive prices are based on marginal costs rather than regulated {open_quotes}cost-of-service{close_quotes} pricing? (2) What impacts will the competitive pricing of generation services (based on marginal costs) have on electricity consumption patterns, production costs, and the financial integrity patterns, production costs, and the financial integrity of electricity suppliers? This study is not intended to be a cost-benefit analysis of wholesale or retail competition, nor does this report include an analysis of the macroeconomic impacts of competitive electricity prices.

Impacts of nuclear fuel cycle costs on nuclear power generating costs

International Nuclear Information System (INIS)

Bertel, E.; Naudet, G.

1989-01-01

Fuel cycle costs are one of the main parameters to evaluate the competitiveness of various nuclear strategies. The historical analysis based on the French case shows the good performances yet achieved in mastering elementary costs in order to limit global fuel cycle cost escalation. Two contrasted theoretical scenarios of costs evolution in the middle and long term have been determined, based upon market analysis and technological improvements expected. They are used to calculate the global fuel cycle costs for various fuel management options and for three strategies of nuclear deployment. The results illustrate the stability of the expected fuel cycle costs over the long term, to be compared to the high incertainty prevailing for fossil fueled plants. The economic advantages of advanced technologies such as MOX fueled PWRs are underlined

QUALITY COSTS AS THE FACTOR OF COMPETITIVENESS INCREASE AT DOMESTIC AND FOREIGN MARKET

OpenAIRE

Lazibat, Tonći; Matić, Božo

2000-01-01

The paper discusses the importance of quality costs as the factor of competitiveness at the world market. For this purpose it is given definition of quality costs, their structure and characteristics, and the control system-supervision, as the subsystem of quality system determined by international standards ISO 9000ff. There are also analyzed experiences in monitoring the quality costs in developed countries and countries in transition-transitional countries, with a special retrospect to the...

Application of Activity-Based Costing Management System by Key Success Paths to Promote the Competitive Advantages and Operation Performance

OpenAIRE

Mei-Fang Wu; Shu-Li Wang; Feng-Tsung Cheng

2015-01-01

Highly developed technology and highly competitive global market highlight the important role of competitive advantages and operation performances in sustainable company operation. Activity-Based Costing (ABC) provides accurate operation cost and operation performance information. Rich literatures provide relevant research with cases study on Activity-Based Costing application, but the research on cause relationship between key success factors and its specific outcome, su...

The competitiveness of domestic rice production in East Africa: A domestic resource cost approach in Uganda

Directory of Open Access Journals (Sweden)

Masao Kikuchi

2016-03-01

Full Text Available The rapid increase of rice imports in sub-Saharan Africa under the unstable situation in the world rice market during the 2000s has made it an important policy target for the countries in the region to increase self-sufficiency in rice in order to enhance food security. Whether domestic rice production can be competitive with imported rice is a serious question in East African countries that lie close, just across the Arabian Sea, to major rice exporting countries in South Asia. This study investigates the international competitiveness of domestic rice production in Uganda in terms of the domestic resource cost ratio. The results show that rainfed rice cultivation, which accounts for 95% of domestic rice production, does not have a comparative advantage with respect to rice imported from Pakistan, the largest supplier of imported rice to Uganda. However, the degree of non-competitiveness is not serious, and a high possibility exists for Uganda’s rainfed rice cultivation to become internationally competitive by improving yield levels by applying more modern inputs and enhancing labour productivity. Irrigated rice cultivation, though very limited in area, is competitive even under the present input-output structure when the cost of irrigation infrastructure is treated as a sunk cost. If the cost of installing irrigation infrastructure and its operation and maintenance is taken into account, the types of irrigation development that are economically feasible are not large-scale irrigation projects, but are small- and microscale projects for lowland rice cultivation and rain-water harvesting for upland rice cultivation.

Low cost options for tissue culture technology in developing countries. Proceedings of a technical meeting

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-02-01

Tissue culture technology is used for the production of doubled haploids, cryopreservation, propagating new plant varieties, conserving rare and endangered plants, difficult-to-propagate plants, and to produce secondary metabolites and transgenic plants. The production of high quality planting material of crop plants and fruit trees, propagated from vegetative parts, has created new opportunities in global trading, benefited growers, farmers, and nursery owners, and improved rural employment. However, there are still major opportunities to produce and distribute high quality planting material, e.g. crops like banana, date palm, cassava, pineapple, plantain, potato, sugarcane, sweet potato, yams, ornamentals, fruit and forest trees. The main advantage of tissue culture technology lies in the production of high quality and uniform planting material that can be multiplied on a year-round basis under disease-free conditions anywhere irrespective of the season and weather. However, the technology is capital, labor and energy intensive. Although, labor is cheap in many developing countries, the resources of trained personnel and equipment are often not readily available. In addition, energy, particularly electricity, and clean water are costly. The energy requirements for tissue culture technology depend on day temperature, day-length and relative humidity, and they have to be controlled during the process of propagation. Individual plant species also differ in their growth requirements. Hence, it is necessary to have low cost options for weaning, hardening of micropropagated plants and finally growing them in the field. This publication describes options for reducing costs to establish and operate tissue culture facilities and primarily focus on plant micropropagation. It includes papers on the basics of tissue culture technology, low cost options for the design of laboratories, use of culture media and containers, energy and labor saving, integration and adoption of

Low cost options for tissue culture technology in developing countries. Proceedings of a technical meeting

International Nuclear Information System (INIS)

2004-02-01

Tissue culture technology is used for the production of doubled haploids, cryopreservation, propagating new plant varieties, conserving rare and endangered plants, difficult-to-propagate plants, and to produce secondary metabolites and transgenic plants. The production of high quality planting material of crop plants and fruit trees, propagated from vegetative parts, has created new opportunities in global trading, benefited growers, farmers, and nursery owners, and improved rural employment. However, there are still major opportunities to produce and distribute high quality planting material, e.g. crops like banana, date palm, cassava, pineapple, plantain, potato, sugarcane, sweet potato, yams, ornamentals, fruit and forest trees. The main advantage of tissue culture technology lies in the production of high quality and uniform planting material that can be multiplied on a year-round basis under disease-free conditions anywhere irrespective of the season and weather. However, the technology is capital, labor and energy intensive. Although, labor is cheap in many developing countries, the resources of trained personnel and equipment are often not readily available. In addition, energy, particularly electricity, and clean water are costly. The energy requirements for tissue culture technology depend on day temperature, day-length and relative humidity, and they have to be controlled during the process of propagation. Individual plant species also differ in their growth requirements. Hence, it is necessary to have low cost options for weaning, hardening of micropropagated plants and finally growing them in the field. This publication describes options for reducing costs to establish and operate tissue culture facilities and primarily focus on plant micropropagation. It includes papers on the basics of tissue culture technology, low cost options for the design of laboratories, use of culture media and containers, energy and labor saving, integration and adoption of

CO2 emission costs and Gas/Coal competition for power production

International Nuclear Information System (INIS)

Santi, Federico

2005-01-01

This paper demonstrates how a CO 2 emission reduction programme can change the competition between the two power production technologies which will probably dominate the future of the Italian power industry: the coal fired USC steam power plant and the natural gas fired CCGT power plant. An economic value of the CO 2 emission is calculated, in order to make the short-run-marginal-cost (or the long-run-marginal-cost). equal for both technologies, under a CO 2 emission trading scheme and following a single-plant specific CO 2 emission homogenizing approach [it

Competition with Online and Offline Demands considering Logistics Costs Based on the Hotelling Model

Directory of Open Access Journals (Sweden)

Zhi-Hua Hu

2014-01-01

Full Text Available Through popular information technologies (e.g., call centers, web portal, ecommerce and social media, etc., traditional shops change their functions for servicing online demands while still providing offline sales and services, which expand the market and the service capacity. In the Hotelling model that formulates the demand effect by considering just offline demand, the shops in a line city will locate at the center as a the result of competition by games. The online demands are met by the delivery logistics services provided by the shops with additional cost; the consumers’ waiting time after their orders also affects their choices for shops. The main purpose is to study the effects of the following aspects on the shops’ location competition: two logistics costs (consumers’ travelling cost for offline demands and the shops’ delivery logistics cost for online demands, the consumers’ waiting cost for online orders, and the ratios of online demands to the whole demands. Therefore, this study primarily contributes to the literature on the formulation of these aspects by extending the Hotelling model. These features and effects are demonstrated by experiments using the extended Hotelling models.

Does bank competition reduce cost of credit? Cross-country evidence from Europe

Czech Academy of Sciences Publication Activity Database

Fungáčová, Z.; Shamshur, Anastasiya; Weill, L.

2017-01-01

Roč. 83, October (2017), s. 104-120 ISSN 0378-4266 R&D Projects: GA ČR(CZ) GA14-31783S Institutional support: RVO:67985998 Keywords : bank competition * bank concentration * cost of credit Subject RIV: AH - Economics OBOR OECD: Finance Impact factor: 1.776, year: 2016

Variability in energy cost and walking gait during race walking in competitive race walkers.

Science.gov (United States)

Brisswalter, J; Fougeron, B; Legros, P

1998-09-01

The aim of this study was to examine the variability of energy cost (Cw) and race walking gait after a 3-h walk at the competition pace in race walkers of the same performance level. Nine competitive race walkers were studied. In the same week, after a first test of VO2max determination, each subject completed two submaximal treadmill walks (6 min length, 0% grade, 12 km X h(-1) speed) before and after a 3-h overground test completed at the individual competition speed of the race walker. During the two submaximal tests, subjects were filmed between the 2nd and the 4th min, and physiological parameters were recorded between the 4th and the 6th min. Results showed two trends. On the one hand, we observed a significant and systematic increase in energy cost of walking (mean deltaCw = 8.4%), whereas no variation in the gait kinematics prescribed by the rules of race walking was recorded. On the other hand, this increase in metabolic energy demand was accompanied by variations of different magnitude and direction of stride length, of the excursion of the heel and of the maximal ankle flexion at toe-off among the race walkers. These results indicated that competitive race walkers are able to maintain their walking gait with exercise duration apart from a systematic increase in energy cost. Moreover, in this form of locomotion the effect of fatigue on the gait variability seems to be an individual function of the race walk constraints and the constraints of the performer.

Cost effectiveness of option B plus for prevention of mother-to-child transmission of HIV in resource-limited countries: evidence from Kumasi, Ghana.

Science.gov (United States)

VanDeusen, Adam; Paintsil, Elijah; Agyarko-Poku, Thomas; Long, Elisa F

2015-03-18

Achieving the goal of eliminating mother-to-child HIV transmission (MTCT) necessitates increased access to antiretroviral therapy (ART) for HIV-infected pregnant women. Option B provides ART through pregnancy and breastfeeding, whereas Option B+ recommends continuous ART regardless of CD4 count, thus potentially reducing MTCT during future pregnancies. Our objective was to compare maternal and pediatric health outcomes and cost-effectiveness of Option B+ versus Option B in Ghana. A decision-analytic model was developed to simulate HIV progression in mothers and transmission (in utero, during birth, or through breastfeeding) to current and all future children. Clinical parameters, including antenatal care access and fertility rates, were estimated from a retrospective review of 817 medical records at two hospitals in Ghana. Additional parameters were obtained from published literature. Modeled outcomes include HIV infections averted among newborn children, quality-adjusted life-years (QALYs), and cost-effectiveness ratios. HIV-infected women in Ghana have a lifetime average of 2.3 children (SD 1.3). Projected maternal life expectancy under Option B+ is 16.1 years, versus 16.0 years with Option B, yielding a gain of 0.1 maternal QALYs and 3.2 additional QALYs per child. Despite higher initial ART costs, Option B+ costs $785/QALY gained, a value considered very cost-effective by World Health Organization benchmarks. Widespread implementation of Option B+ in Ghana could theoretically prevent up to 668 HIV infections among children annually. Cost-effectiveness estimates remained favorable over robust sensitivity analyses. Although more expensive than Option B, Option B+ substantially reduces MTCT in future pregnancies, increases both maternal and pediatric QALYs, and is a cost-effective use of limited resources in Ghana.

Student Loan Programs. As Federal Costs of Loan Consolidation Rise, Other Options Should be Examined. Report to Congressional Requesters.

Science.gov (United States)

General Accounting Office, Washington, DC.

In this report GAO recommends that the Secretary of Education assess the advantages of consolidation loans for borrowers and the government in light of program costs and identify options for reducing federal costs. Options could include targeting the program to borrowers at risk of default and extending existing consolidation alternatives to more…

Competitiveness of terrestrial greenhouse gas offsets. Are they a bridge to the future?

International Nuclear Information System (INIS)

McCarl, B.A.; Sands, R.D.

2007-01-01

Activities to reduce net greenhouse gas emissions by biological soil or forest carbon sequestration predominantly utilize currently known, readily implementable technologies. Many other greenhouse gas emission reduction options require future technological development or must wait for turnover of capital stock. Carbon sequestration options in soils and forests, while ready to go now, generally have a finite life, allowing use until other strategies are developed. This paper reports on an investigation of the competitiveness of biological carbon sequestration from a dynamic and multiple strategy viewpoint. Key factors affecting the competitiveness of terrestrial mitigation options are land availability and cost effectiveness relative to other options including CO2 capture and storage, energy efficiency improvements, fuel switching, and non-CO2 greenhouse gas emission reductions. The analysis results show that, at lower CO2 prices and in the near term, soil carbon and other agricultural/forestry options can be important bridges to the future, initially providing a substantial portion of attainable reductions in net greenhouse gas emissions, but with a limited role in later years. At higher CO2 prices, afforestation and biofuels are more dominant among terrestrial options to offset greenhouse gas emissions. But in the longer run, allowing for capital stock turnover, options to reduce greenhouse gas emissions from the energy system and biofuels provide an increasing share of potential reductions in total US greenhouse gas emissions

78 FR 17624 - Wireline Competition Bureau Adds New Discussion Topic To Connect America Cost Model Virtual Workshop

Science.gov (United States)

2013-03-22

... Competition Bureau Adds New Discussion Topic To Connect America Cost Model Virtual Workshop AGENCY: Federal... a new virtual workshop discussion topic, entitled ``Rate of Return for Connect America Cost Model,'' to seek public input on what cost of money should be utilized in the forward-looking cost model that...

An integrated TSP-GA with EOL cost model for selecting the best EOL option

Directory of Open Access Journals (Sweden)

Zakri Ghazalli

2011-10-01

Full Text Available This paper presents our research works on integrating design for disassembly with cost model for end-of-life (EOL product. This paper has two objectives. The first objective is to optimize disassembly sequence of the EOL product. We integrate a traveling salesman problem approach with genetic algorithm in finding the optimal disassembly sequence for disassembling the EOL product. Based on this optimal sequence, the second objective is to identify the best EOL option. We employ EOL profits and net present value of parts and subassemblies of the EOL product to determine the best EOL option of components and parts of the EOL product. The predicted results showed that the developed cost model has reached a good correspondence with the established methods.

Competitive pricing and the challenge of cost control in medicare.

Science.gov (United States)

Coulam, Robert F; Feldman, Roger D; Dowd, Bryan E

2011-08-01

The Medicare program faces a serious challenge: it must find ways to control costs but must do so through a system of congressional oversight that necessarily limits its choices. We look at one approach to prudent purchasing - competitive pricing - that Medicare has attempted many times and in various ways since the beginning of the program, and in all but one case unsuccessfully due to the politics of provider opposition working through Congress and the courts. We look at some related efforts to change Medicare pricing to explore when the program has been successful in making dramatic changes in how it pays for health care. A set of recommendations emerges for ways to respond to the impediments of law and politics that have obstructed change to more efficient payment methods. Except in unusual cases, competitive pricing threatens too many stakeholders in too many ways for key political actors to support it. But an unusual case may arise in the coming Medicare fiscal crisis, a crisis related in part to the prices Medicare pays. At that point, competitive pricing may look less like a problem and more like a solution coming at a time when the system badly needs one.

Economic potential of fuel recycling options: A lifecycle cost analysis of future nuclear system transition in China

International Nuclear Information System (INIS)

Gao, Ruxing; Choi, Sungyeol; Il Ko, Won; Kim, Sungki

2017-01-01

In today's profit-driven market, how best to pursue advanced nuclear fuel cycle technologies while maintaining the cost competitiveness of nuclear electricity is of crucial importance to determine the implementation of spent fuel reprocessing and recycling in China. In this study, a comprehensive techno-economic analysis is undertaken to evaluate the economic feasibility of ongoing national projects and the technical compatibility with China's future fuel cycle transition. We investigated the dynamic impacts of technical and economic uncertainties in the lifecycle of a nuclear system. The electricity generation costs associated with four potential fuel cycle transition scenarios were simulated by probabilistic and deterministic approaches and then compared in detail. The results showed that the total cost of a once-through system is lowest compared those of other advanced systems involving reprocessing and recycling. However, thanks to the consequential uncertainties caused by the further progress toward technology maturity, the economic potential of fuel recycling options was proven through a probabilistic uncertainty analysis. Furthermore, it is recommended that a compulsory executive of closed fuel cycle policy would pose some investment risk in the near term, though the execution of a series of R&D initiatives with a flexible roadmap would be valuable in the long run. - Highlights: • Real-time economic performance of the four scenarios of China's nuclear fuel cycle system transition until 2100. • Systematic assessments of techno-economic feasibility for ongoing national reprocessing projects. • Investigation the cost impact on nuclear electricity generation caused by uncertainties through probabilistic analysis. • Recommendation for sustainable implementation of fuel cycle R&D initiative ingrate with flexible roadmap in the long run.

Reduction of capital costs of nuclear power plants

International Nuclear Information System (INIS)

2000-01-01

The competitiveness of nuclear power plants depends largely on their capital costs represent some 60 per cent of their total generation costs. Reviewing and analysing ways and means to reduce capital costs of nuclear power plants are essential to enhance the economic viability of the nuclear option. The report is based upon cost information and data provided by experts from NEA Member countries. It investigates the efficiency of alternative methods for reducing capital costs of nuclear units. It will provide stakeholders from the industry and governmental agencies with relevant elements in support of policy making. (author)

LOOKING BEYOND COST LEADERSHIP AND DIFFERENTIATION IN THE QUEST FOR COMPETITIVE ADVANTAGES

Directory of Open Access Journals (Sweden)

Cristian – Liviu Vele

2012-01-01

Full Text Available The current business environment, shaped by significant changes in the consumers’ behavior and, also, by a decrease in the demand for products and services, has influenced the way in which the companies are organized and managed, making the quest for sustainable competitive advantages top priority. The companies that will be able to provide customers with superior products and services will have the highest chances of survival. While it is true that times of economic crises causes a large number of companies to exit the market, it is also true that those who manage to adapt and gain sustainable competitive advantages will not only survive, but will be able to fill in the gaps left by their competitors and thus to increase their business. This article wishes to provide a theoretical perspective on the possible sources of sustainable competitive advantages, besides Michael Porter’s cost leadership and differentiation strategies. Following this, we will show how technological innovation, time, efficient use of the resources and designing the best organizational structure can be used as sources to gain sustainable competitive advantages.

Regional comparison of nuclear and fossil electric power generation costs

International Nuclear Information System (INIS)

Bowers, H.I.

1984-01-01

Nuclear's main disadvantages are its high capital investment cost and uncertainty in schedule compared with alternatives. Nuclear plant costs continue to rise whereas coal plant investment costs are staying relative steady. Based on average experience, nuclear capital investment costs are nearly double those of coal-fired generation plants. The capital investment cost disadvantage of nuclear is balanced by its fuel cost advantages. New base load nuclear power plants were projected to be competitive with coal-fired plants in most regions of the country. Nuclear power costs wre projected to be significantly less (10% or more) than coal-fired power costs in the South Atlantic region. Coal-fired plants were projected to have a significant economic advantage over nuclear plants in the Central and North Central regions. In the remaining seven regions, the levelized cost of power from either option was projected to be within 10%. Uncertainties in future costs of materials, services, and financing affect the relative economics of the nuclear and coal options significantly. 10 figures

Imported mineral coal: competitiveness for electric power generation in northeast of Brazil

International Nuclear Information System (INIS)

Codeceira Neto, A.; Ribeiro Filho, A.P.R.; Silva, S.P.R. da

1993-01-01

With the hydroelectric potential exhaustion of northeast and with the increase of costs to the use of hydroelectric uses available in Brazil, the thermoelectric generation will be able to become a competitive solution to attend the market of electric power. This work has as purpose describe the options of imported coal use to Brazilian northeast its technological aspects, the environmental question, and the preliminary studies of localization and the costs associated on implantation of coal thermoelectric power plants. 7 refs, 3 figs, 6 tabs

Opportunities for Green Gas. Competition of Green Gas with other Biomass Options

International Nuclear Information System (INIS)

Bergsma, G.C.; Croezen, H.J.

2011-04-01

Green biogas seems to be an interesting option to make the Dutch economy, with a large share of gas in the energy system, more sustainable. Biomass that is used as feedstock for biogas can also be deployed for the production of Electricity, biodiesel, bio-ethanol, bio-plastics, bio-chemical products and even bio-steel. This memo compares the main characteristics of biomass uses for production of gas with alternative uses in other sectors. The comparison shows that wet biomass flows in particular (e.g. manure and KGW) are suitable for conversion in biogas. This leads to a potential of 1 to 1.5 billion Nm 3 of gas in 2020. Gasification of dry biomass may also become interesting in the future. However, this fuel is subjected to fierce competition with the electricity sector, which can use solid biomass for combustion purposes. Moreover, the steel, chemical and transport sector may also be able to use the feedstock in time. [nl

Reduction of capital costs of nuclear power plants. NEA-report

International Nuclear Information System (INIS)

2000-01-01

Since the the mid-1980s, the declining real prices of fossil fuels and the significant improvements in thermal efficiencies of combined cycle power plants have eroded the economic competitiveness of nuclear power plants in most OECD countries. In order for nuclear power to remain a viable option for the next millennium, the cost of electricity from nuclear power plant must be greatly reduced to be competitive with alternative sources. Of the three major components of nuclear generation cost - capital, O and M and fuel - the capital cost component makes up approximately 60 per cent of the total. Therefore, identification of the means to reduce the capital costs of nuclear power plants is a high priority activity toward keeping nuclear power competitive. Among a number of capital cost reduction measures, the principal ones were agreed by the expert group as follows: Increased plant size, improved construction methods, reduced construction schedule, design improvement, improved procurement, organisation and contractual aspects, standardisation and construction in series, multiple unit construction, regulatory and policy reform. (orig.)

Assessment of DoD Electric Power Supply Options, Strategies, and Costs Under Retail Open Access

National Research Council Canada - National Science Library

Cameron, Pamela

1997-01-01

.... At the same time, significant changes in generation technology and reductions in fuel prices have reduced the cost of power from new generating facilities, driving down competitive prices for generation...

Design Options to Reduce Development Cost of First Generation Surface Reactors

International Nuclear Information System (INIS)

Poston, David I.; Marcille, Thomas F.

2006-01-01

Low-power surface reactors have the potential to have the lowest development cost of any space reactor application, primarily because system alpha (mass/kg) is not of utmost importance and mission lifetimes do not have to be a decade or more. Even then, the development cost of a surface reactor can vary substantially depending on the performance requirements (e.g. mass, power, lifetime, reliability) and technical development risk deemed acceptable by the end-user. It is important for potential users to be aware of these relationships before they determine their future architecture (i.e. decide what they need). Generally, the greatest potential costs of a space reactor program are a nuclear-powered ground test and extensive material development campaigns, so it is important to consider options that can minimize the need for or complexity of such tasks. The intended goal of this paper is to inform potential surface reactor users of the potential sensitivities of surface reactor development cost to design requirements, and areas where technical risk can be traded with development cost

Staging Options for the Air Force’s Electronic Combat Test Capability: a Cost Analysis

Science.gov (United States)

1990-09-01

strategic in nature and completely different than daily operating decisions (20:6). Horngren , in his book Cost Accounting : A Managerial Emphasis...AFIT/GCA/LSY/90S-3 DTTC S E-191 J) C, STAGING OPTIONS FOR THE AIR FORCE’S ELECTRONIC COMBAT TEST CAPABILITY: A COST ANALYSIS THESIS Joseph J. Landino...Alternative Costs ......... 56 v AFIT/GCA/LSY/90S-3 Abstract This study’s purpose was to identify the lowest cost aircraft staging base( s ) for the Air

Output-based allocation as a form of protection for internationally competitive industries

International Nuclear Information System (INIS)

Haites, Erik

2003-12-01

Policies adopted by Annex B Parties to reduce their greenhouse gas (GHG) emissions are likely to increase costs for industries vulnerable to international competition in domestic or export markets. Domestic emissions trading, by enabling the aggregate emissions target to be met at least cost, helps to reduce the adverse impacts on these industries. An output-based allocation of allowances reduces the output decline due to imposition of the emissions trading program relative to a lump-sum (historic) allocation and so helps reduce the adverse impacts on these industries. The effectiveness of an output-based allocation in maintaining production must be assessed empirically because it depends on the characteristics of all of the firms covered by the trading program as well as other factors. Modeling results for a possible emissions trading program for Alberta confirm the expected impacts of an output-based allocation and indicate that the effectiveness varies across industries. While encouraging greater production, an output-based allocation lowers profits relative to a lump-sum allocation and leads to a different distribution of costs. Other policy options for reducing the output decline in industries vulnerable to international competition include lump-sum allocations or auctioned allowances combined with assistance programs for emission reduction actions or a requirement to meet 'world best' emission performance standard. These policy options should be compared with an output-based allocation in terms of effectiveness, total cost and other impacts, before a policy is adopted

SMR and economics competitiveness in small grids. A real option analysis

Energy Technology Data Exchange (ETDEWEB)

Locatelli, Giorgio [University of Lincoln - School of Engineering, Lincoln (United Kingdom). Faculty of Science; Mancino, Mauro; Lotti, Giovanni [Politecnico di Milano (Italy). Dept. of Management Economics and Industrial Engineering

2014-03-15

The optimal investment in power plants depends on many uncertain parameters (price of electricity, construction costs, cost of emissions, fuel cost..). Traditional approaches based on the Discounted Cash Flows methodologies, like the Net Present Value (NPV), do not properly take into account these uncertainties since they depend on the implicit assumption that all the decisions regarding the investment are evaluated in a specific moment (the time now) and cannot be postponed, waiting to acquire more information. An evolution of these methods is the Real Options Analysis (ROA) that considers a further value into the evaluation: the value of flexibility to choose when to invest. In this paper the ROA will be used to test a hypothesis made in literature, that small-medium sized plants (300-400 MWe) can be a suitable choice for small grids (or markets), thanks to their flexibility in the deployment. The assessment of this hypothesis is based on a ROA model that compares the investment in a Large Reactor (LR) vs. a group of Small Modular Reactors (SMR). Montecarlo simulations are used to approximate the probability distributions of the profitability indicators, both with a static approach, implying that investments are made immediately, and with a dynamic approach, letting the model decide when to invest (optimizing the profitability distribution). The result show as SMR, in small grid, can yield similar profitability in lower risky conditions. (orig.)

SMR and economics competitiveness in small grids. A real option analysis

International Nuclear Information System (INIS)

Locatelli, Giorgio; Mancino, Mauro; Lotti, Giovanni

2014-01-01

The optimal investment in power plants depends on many uncertain parameters (price of electricity, construction costs, cost of emissions, fuel cost..). Traditional approaches based on the Discounted Cash Flows methodologies, like the Net Present Value (NPV), do not properly take into account these uncertainties since they depend on the implicit assumption that all the decisions regarding the investment are evaluated in a specific moment (the time now) and cannot be postponed, waiting to acquire more information. An evolution of these methods is the Real Options Analysis (ROA) that considers a further value into the evaluation: the value of flexibility to choose when to invest. In this paper the ROA will be used to test a hypothesis made in literature, that small-medium sized plants (300-400 MWe) can be a suitable choice for small grids (or markets), thanks to their flexibility in the deployment. The assessment of this hypothesis is based on a ROA model that compares the investment in a Large Reactor (LR) vs. a group of Small Modular Reactors (SMR). Montecarlo simulations are used to approximate the probability distributions of the profitability indicators, both with a static approach, implying that investments are made immediately, and with a dynamic approach, letting the model decide when to invest (optimizing the profitability distribution). The result show as SMR, in small grid, can yield similar profitability in lower risky conditions. (orig.)

Global warming response options in Brazil's forest sector: comparison of project-level costs and benefits

International Nuclear Information System (INIS)

Fearnside, P.M.

1995-01-01

A project-level assessment of monetary and carbon costs and benefits for five classes of global warming response options in the forest sector is attempted for typical Brazilian conditions. Options considered are: silvicultural plantations (for pulp, charcoal and sawlogs), sustainable timber management and reduction of deforestation. Comparison of pulpwood and sawlog plantations with the vegetation characteristic of deforested areas indicates of modest carbon benefit. Plantations for charcoal can produce a substantial carbon benefit through fossil fuel substitution, but much of this calculated benefit disappears if discount rates greater than zero are applied to carbon. Sustainable timber management, when compared with existing forest, represents a net carbon loss, accumulation of carbon in wood products being insufficient to compensate for biomass reduction over a 100 year time scale. Reduction of deforestation has great potential as a global warming response option, its per-hectare carbon benefits being approximately four times that of silvicultural plantation establishment for pulp and sawlogs over a 100 year period. The costs of reducing deforestation are difficult to assess, however, due to the importance of government policy changes such as removal of land speculation and land tenure establishment as motives for clearing. Although these changes would not cost money and would have tremendous carbon and other benefits, they have not yet occurred. (Author)

Design considerations for economically competitive sodium cooled fast reactors

International Nuclear Information System (INIS)

Zhang, Hongbin; Zhao, Haihua; Mousseau, Vincent; Szilard, Ronaldo

2009-01-01

The technological viability of sodium cooled fast reactors (SFR) has been established by various experimental and prototype (demonstration) reactors such as EBR-II, FFTF, Phenix, JOYO, BN-600 etc. However, the economic competitiveness of SFR has not been proven yet. The perceived high cost premium of SFRs over LWRs has been the primary impediment to the commercial expansion of SFR technologies. In this paper, cost reduction options are discussed for advanced SFR designs. These include a hybrid loop-pool design to optimize the primary system, multiple reheat and intercooling helium Brayton cycle for the power conversion system and the potential for suppression of intermediate heat transport system. The design options for the fully passive decay heat removal systems are also thoroughly examined. These include direct reactor auxiliary cooling system (DRACS), reactor vessel auxiliary cooling system (RVACS) and the newly proposed pool reactor auxiliary cooling system (PRACS) in the context of the hybrid loop-pool design. (author)

Early Option Exercise

DEFF Research Database (Denmark)

Heje Pedersen, Lasse; Jensen, Mads Vestergaard

A classic result by Merton (1973) is that, except just before expiration or dividend payments, one should never exercise a call option and never convert a convertible bond. We show theoretically that this result is overturned when investors face frictions. Early option exercise can be optimal when...... it reduces short-sale costs, transaction costs, or funding costs. We provide consistent empirical evidence, documenting billions of dollars of early exercise for options and convertible bonds using unique data on actual exercise decisions and frictions. Our model can explain as much as 98% of early exercises...

Early Option Exercise

DEFF Research Database (Denmark)

Jensen, Mads Vestergaard; Heje Pedersen, Lasse

2016-01-01

A classic result by Merton (1973) is that, except just before expiration or dividend payments, one should never exercise a call option and never convert a convertible bond. We show theoretically that this result is overturned when investors face frictions. Early option exercise can be optimal when...... it reduces short-sale costs, transaction costs, or funding costs. We provide consistent empirical evidence, documenting billions of dollars of early exercise for options and convertible bonds using unique data on actual exercise decisions and frictions. Our model can explain as much as 98% of early exercises...

78 FR 23192 - Wireline Competition Bureau Adds New Discussion Topic to Connect America Cost Model Virtual Workshop

Science.gov (United States)

2013-04-18

... Competition Bureau Adds New Discussion Topic to Connect America Cost Model Virtual Workshop AGENCY: Federal... be filed by posting comments at http://www.fcc.gov/blog/wcb-cost-model-virtual-workshop-2012 . [ssquf....gov/blog/wcb-cost-model-virtual-workshop-2012 . 1. On Tuesday, October 9, 2012, the Wireline...

Cost estimate and economic issues associated with the MOX option (prior to DOE's record of decision)

International Nuclear Information System (INIS)

Reid, R.L.; Miller, J.W.

1997-04-01

Before the January 1997 Record of Decision (ROD), the U.S. Department of Energy Office of Fissile Materials Disposition (DOE-MD) evaluated three technologies for the disposition of ∼50 MT of surplus plutonium from defense-related programs-reactors, immobilization, and deep boreholes. As part of the process supporting the ROD, and comprehensive assessment of technical viability, cost, and schedule was conducted by DOE-MD and its national laboratory contractors. Oak Ridge National Laboratory managed and coordinated the life-cycle cost (LCC) assessment effort for this program. This report discusses the economic analysis methodology and the results for the reactor options considered prior to ROD. A secondary intent of the report is to discuss major technical and economic issues that impact cost and schedule. To evaluate the economics of the reactor option and other technologies on an equitable basis, a set of cost-estimating guidelines and a common cost-estimating format were utilized by all three technology teams. This report includes the major economic analysis assumptions and the comparative constant-dollar and discounted-dollar LCCs for all nine reactor scenarios

78 FR 38265 - Wireline Competition Bureau Adds Two New Discussion Topics to Connect America Cost Model Virtual...

Science.gov (United States)

2013-06-26

... Competition Bureau Adds Two New Discussion Topics to Connect America Cost Model Virtual Workshop AGENCY... comments in this proceeding to be filed by posting comments at http://www.fcc.gov/blog/wcb-cost-model... via the Internet at http://www.fcc.gov/blog/wcb-cost-model-virtual-workshop-2012 . 1. On Tuesday...

Proceedings of the international conference on nuclear power competitiveness in the next two decades

International Nuclear Information System (INIS)

1996-01-01

The purpose of this conference is to analyse the different elements that can have an influence on the cost of generating nucleo- electricity. Besides the usual predominant factors as fuel supply, personnel and maintenance that enter in the costs of any electricity generating method, nuclear power generation suffers the extra burden of severe regulatory demands, high decommissioning and insurance costs and an adverse public opinion that can effect competitiveness. Countries that can keep the nuclear option open during this difficult period will be the leaders in the future, those that cannot survive will become hopelessly energy dependent. Almost one hundred contributions gathered in these volume, as a result of presentations at the conference from participants from 22 countries, will contribute to increase competitiveness of nuclear power generation and, if possible, develop new ideas to help solve the present crisis in the nuclear sector. refs., ills

Proceedings of the international conference on nuclear power competitiveness in the next two decades

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-12-31

The purpose of this conference is to analyse the different elements that can have an influence on the cost of generating nucleo- electricity. Besides the usual predominant factors as fuel supply, personnel and maintenance that enter in the costs of any electricity generating method, nuclear power generation suffers the extra burden of severe regulatory demands, high decommissioning and insurance costs and an adverse public opinion that can effect competitiveness. Countries that can keep the nuclear option open during this difficult period will be the leaders in the future, those that cannot survive will become hopelessly energy dependent. Almost one hundred contributions gathered in these volume, as a result of presentations at the conference from participants from 22 countries, will contribute to increase competitiveness of nuclear power generation and, if possible, develop new ideas to help solve the present crisis in the nuclear sector. refs., ills.

STRATEGIC EXERCISE OF REAL OPTIONS:INVESTMENT DECISIONS IN TECHNOLOGICAL SYSTEMS

Institute of Scientific and Technical Information of China (English)

Kevin ZHU; John WEYANT

2003-01-01

Viewing investment projects in new technologies as real options, this paper studies the effects of endogenous competition and asymmetric information on the strategic exercise of real options. We first develop a multi-period, game-theoretic model and show how competition leads to early exercise and aggressive investment behaviors and how competition erodes option values. We then relax the typical full-information assumption found in the literature and allow information asymmetry to exist across firms. Our model shows, in contrast to the literature that payoff is independent of the ordering of exercise, that the sequential exercise of real options may generate both informational and payoff externalities. We also find some surprising but interesting results such as having more information is not necessarily better.

RTP as an Optional Service: It's Alive, But Is It Well?

Energy Technology Data Exchange (ETDEWEB)

Goldman, Charles; Barbose, Galen; Neenan, Bernie

2006-03-10

Economists have advocated for real-time pricing (RTP) of electricity on the basis of the gains in economic efficiency that would result from charging customers the contemporaneous marginal cost of supplying electricity instead of the average cost. In recent years, RTP has also become the subject of interest in a variety of policy contexts, including integrated resource planning initiatives, ongoing efforts to improve efficiency and reliability in competitive electricity markets, and implementation of default service in states with retail choice. Most experience with RTP has been as an optional service, that is, a self-selecting alternative to the standard utility service. By our count, approximately 70 utilities in the U.S. offered an optional RTP program at some point over the past 20 years. However, many programs are now defunct. In 2003, 47 utilities in the U.S. were still offering an optional RTP program, on either a pilot or permanent basis (see Figure 1). In addition, 10 utilities in states with retail choice currently offer RTP as the default service for large customers that are not under contract with a competitive supplier. Another two utilities have received regulatory approval to do so in the next few years. Although the results of a few optional RTP programs have been publicized, the vast majority of programs have operated in relative obscurity. To provide a wider perspective on utility and customer experience with RTP, we surveyed 43 optional RTP programs offered in 2003. We interviewed RTP program managers and other utility staff, and reviewed publicly available sources, including key regulatory documents and program evaluations. Based on this research, we identified trends related to RTP program history and outlook, program design and implementation, customer participation, and participant price response. The results are both surprising and instructive. We conclude that RTP is indeed alive but is not prospering as well it could. Thus, we offer a

Asia least-cost greenhouse gas abatement strategy identification and assessment of mitigation options for the energy sector

International Nuclear Information System (INIS)

Gupta, Sujata; Bhandari, Preety

1998-01-01

The focus of the presentation was on greenhouse gas mitigation options for the energy sector for India. Results from the Asia Least-cost Greenhouse gas Abatement Strategies (ALGAS) project were presented. The presentation comprised of a review of the sources of greenhouse gases, the optimisation model, ie the Markal model, used for determining the least-cost options, discussion of the results from the baseline and the abatement scenarios. The second half of the presentation focussed on a multi-criteria assessment of the abatement options using the Analytical Hierarchical Process (AHP) model. The emissions of all greenhouse gases, for India, are estimated to be 986.3 Tg of carbon dioxide equivalent for 1990. The energy sector accounted for 58 percent of the total emissions and over 90 percent of the CO2 emissions. Net emissions form land use change and forestry were zero. (au)

Potential and cost of clean development mechanism options in the energy sector. Inventory of options in non-Annex I countries to reduce GHG-emissions

Energy Technology Data Exchange (ETDEWEB)

Jansen, J.C.; Van der Linden, N.H.; Martens, J.W.; Ormel, F.; Van Rooijen, S.N.M. [ECN Policy Studies, Petten (Netherlands); Heaps, C.; Kartha, S.; Lazarus, M.; Ruth, M. [Stockholm Environment Institute SEI, Boston (United States); Lee, R.; Mendis, M. [Alternative Energy Development, Inc., Silver Spring (United States)

1999-12-01

An assessment is presented of the potential and cost of the Clean Development Mechanism as an instrument to partially meet the Greenhouse Gases emission limitation commitments of the Netherlands for the first budget period, 2008-2012. Information about the cost and emission reduction potential in the energy sector has been collected from national mitigation studies. In total, some 300 GHG emission reduction options in 24 non-Annex I countries have been collected Together, these countries account for two-thirds of current non-Annex I GHG emissions. The mitigation potential in non-Annex I countries is significant when compared with Annex I reduction requirements. The inventory of mitigation options suggests that an annual mitigation potential in the first budget period at costs up to 1990 USD 10/ton CO2 is approximately 1.7 Gt CO2 equivalents. However, this estimate should be viewed with caution, as the mitigation studies on which this estimate is based have been carried out as capacity-building exercises and they should not be viewed as definitive, technically rigorous, exhaustive, analysis of national GHG mitigation potential. 15 refs.

A Cost Analysis of Kidney Replacement Therapy Options in Palestine

Directory of Open Access Journals (Sweden)

Mustafa Younis Ph.D.

2015-03-01

Full Text Available This study provides a cost analysis of kidney replacement therapy options in Palestine. It informs evidence-based resource allocation decisions for government-funded kidney disease services where transplant donors are limited, and some of the common modalities, i.e., peritoneal dialysis (PD and home hemodialysis (HD, are not widely available due to shortages of qualified staff, specialists, and centers to follow the patient cases, provide training, make home visits, or provide educational programs for patients. The average cost of kidney transplant was US$16 277 for the first year; the estimated cost of HD per patient averaged US$16 085 per year—nearly as much as a transplant. Consistent with prior literature and experience, while live, related kidney donors are scarce, we found that kidney transplant was more adequate and less expensive than HD. These results have direct resource allocation implications for government-funded kidney disease services under Palestinian Ministry of Health. Our findings strongly suggest that investing in sufficient qualified staff, equipment, and clinical infrastructure to replace HD services with transplantation whenever medically indicated and suitable kidney donors are available, as well as deploying PD programs and Home HD programs, will result in major overall cost savings. Our results provide a better understanding of the costs of kidney disease and will help to inform Ministry of Health and related policy makers as they develop short- and long-term strategies for the population, in terms of both cost savings and enhanced quality of life.

Nevada Transportation Options Study

International Nuclear Information System (INIS)

P. GEHNER; E.M. WEAVER; L. FOSSUM

2006-01-01

This study performs a cost and schedule analysis of three Nevada Transportation options that support waste receipt at the repository. Based on the U.S. Department of Energy preference for rail transportation in Nevada (given in the Final Environmental Impact Statement), it has been assumed that a branch rail line would be constructed to support waste receipt at the repository. However, due to potential funding constraints, it is uncertain when rail will be available. The three Nevada Transportation options have been developed to meet a varying degree of requirements for transportation and to provide cost variations used in meeting the funding constraints given in the Technical Direction Letter guidelines for this study. The options include combinations of legal-weight truck, heavy-haul truck, and rail. Option 1 uses a branch rail line that would support initial waste receipt at the repository in 2010. Rail transportation would be the primary mode, supplemented by legal weight trucks. This option provides the highest level of confidence in cost and schedule, lowest public visibility, greatest public acceptability, lowest public dose, and is the recommended option for support of waste receipt. The completion of rail by 2010 will require spending approximately $800 million prior to 2010. Option 2 uses a phased rail approach to address a constrained funding scenario. To meet funding constraints, Option 2 uses a phased approach to delay high cost activities (final design and construction) until after initial waste receipt in 2010. By doing this, approximately 95 percent of the cost associated with completion of a branch rail line is deferred until after 2010. To support waste receipt until a branch rail line is constructed in Nevada, additional legal-weight truck shipments and heavy-haul truck shipments (on a limited basis for naval spent nuclear fuel) would be used to meet the same initial waste receipt rates as in Option 1. Use of heavy-haul shipments in the absence

Switching benefits and costs in competitive health insurance markets: A conceptual framework and empirical evidence from the Netherlands.

Science.gov (United States)

Duijmelinck, Daniëlle M I D; Mosca, Ilaria; van de Ven, Wynand P M M

2015-05-01

Competitive health insurance markets will only enhance cost-containment, efficiency, quality, and consumer responsiveness if all consumers feel free to easily switch insurer. Consumers will switch insurer if their perceived switching benefits outweigh their perceived switching costs. We developed a conceptual framework with potential switching benefits and costs in competitive health insurance markets. Moreover, we used a questionnaire among Dutch consumers (1091 respondents) to empirically examine the relevance of the different switching benefits and costs in consumers' decision to (not) switch insurer. Price, insurers' service quality, insurers' contracted provider network, the benefits of supplementary insurance, and welcome gifts are potential switching benefits. Transaction costs, learning costs, 'benefit loss' costs, uncertainty costs, the costs of (not) switching provider, and sunk costs are potential switching costs. In 2013 most Dutch consumers switched insurer because of (1) price and (2) benefits of supplementary insurance. Nearly half of the non-switchers - and particularly unhealthy consumers - mentioned one of the switching costs as their main reason for not switching. Because unhealthy consumers feel not free to easily switch insurer, insurers have reduced incentives to invest in high-quality care for them. Therefore, policymakers should develop strategies to increase consumer choice. Copyright © 2014 Elsevier Ireland Ltd. All rights reserved.

Life cycle assessment of mobility options using wood based fuels--comparison of selected environmental effects and costs.

Science.gov (United States)

Weinberg, Jana; Kaltschmitt, Martin

2013-12-01

An environmental assessment and a cost analysis were conducted for mobility options using electricity, hydrogen, ethanol, Fischer-Tropsch diesel and methane derived from wood. Therefore, the overall life cycle with regard to greenhouse gas emissions, acidifying emissions and fossil energy demand as well as costs is analysed. The investigation is carried out for mobility options in 2010 and gives an outlook to the year 2030. Results show that methane utilization in the car is beneficial with regard to environmental impacts (e.g. 58.5 g CO2-eq./km) and costs (23.1 €-ct./km) in 2010, especially in comparison to hydrogen usage (132.4 g CO2-eq./km and 63.9 €-ct./km). The electric vehicle construction has high environmental impacts and costs compared to conventional vehicles today, but with technical improvements and further market penetration, battery electric vehicles can reach the level of concepts with combustion engines in future applications (e.g. cost decrease from 38.7 to 23.4 €-ct./km). Copyright © 2013 Elsevier Ltd. All rights reserved.

48 CFR 1552.217-72 - Option to extend the term of the contract-cost-plus-award-fee contract.

Science.gov (United States)

2010-10-01

... of the contract-cost-plus-award-fee contract. 1552.217-72 Section 1552.217-72 Federal Acquisition...-award-fee contract. As prescribed in 1517.208(c), insert this contract clause in cost-plus-award-fee... Term of the Contract—Cost-Plus-Award-Fee Contract (APR 1984) (a) The Government has the option to...

Life cycle cost analysis of wind power considering stochastic uncertainties

International Nuclear Information System (INIS)

Li, Chiao-Ting; Peng, Huei; Sun, Jing

2014-01-01

This paper presents a long-term cost analysis of wind power and compares its competitiveness to non-renewable generating technologies. The analysis considers several important attributes related to wind intermittency that are sometimes ignored in traditional generation planning or LCOE (levelized cost of energy) studies, including the need for more nameplate capacity due to intermittency, hourly fluctuations in wind outputs and cost for reserves. The competitiveness of wind power is assessed by evaluating four scenarios: 1) adding natural gas generating capacity to the power grid; 2) adding coal generating capacity to the power grid; 3) adding wind capacity to the power grid; and, 4) adding wind capacity and energy storage to the power grid where an energy storage device is used to cover wind intermittency. A case study in the state of Michigan is presented to demonstrate the use of the proposed methodology, in which a time horizon from 2010 to 2040 is considered. The results show that wind energy will still be more expensive than natural gas power plants in the next three decades, but will be cheaper than coal capacities if wind intermittency is mitigated. Furthermore, if the costs of carbon emissions and environmental externalities are considered, wind generation will be a competitive option for grid capacity expansion. - Highlights: • The competitiveness of wind power is analyzed via life cycle cost analysis. • Wind intermittency and reserve costs are explicitly considered in the analysis. • Results show that wind is still more expensive than natural gas power plants. • Wind can be cheaper than coal capacities if wind intermittency is mitigated. • Wind will be competitive if costs of carbon emissions are considered

Developing Medicare Competitive Bidding: A Study of Clinical Laboratories

Science.gov (United States)

Hoerger, Thomas J.; Meadow, Ann

1997-01-01

Competitive bidding to derive Medicare fees promises several advantages over administered fee systems. The authors show how incentives for cost savings, quality, and access can be incorporated into bidding schemes, and they report on a study of the clinical laboratory industry conducted in preparation for a bidding demonstration. The laboratory industry is marked by variable concentration across geographic markets and, among firms themselves, by social and economic heterogeneity. The authors conclude that these conditions can be accommodated by available bidding design options and by careful selection of bidding markets. PMID:10180003

SMALL OFFICE BUILDING ENTERPRISE: CRITERIA FOR EFFICIENCY AND COMPETITIVENESS

Directory of Open Access Journals (Sweden)

E. V. Folomeev

2011-01-01

Full Text Available Main efficiency and competitiveness assessment criteria applicable to small construction organizations operating under market conditions are minimization of reduced costs and maximal conformity with quality requirements to building and structures under construction. Small enterprisefinance organization principles are as follows: independence, self-financing, responsibility for the company’s financial and economic activity results and control thereof. A method of investment option efficiency assessment with due account of construction project specifics is proposed. It is recommended to develop and use strategic cards to provide for balanced enterprise development.

The impact of carbon sequestration on the production cost of electricity and hydrogen from coal and natural-gas technologies in Europe in the medium term

International Nuclear Information System (INIS)

Tzimas, Evangelos; Peteves, Stathis D.

2005-01-01

Carbon sequestration is a distinct technological option with a potential for controlling carbon emissions; it complements other measures, such as improvements in energy efficiency and utilization of renewable energy sources. The deployment of carbon sequestration technologies in electricity generation and hydrogen production will increase the production costs of these energy carriers. Our economic assessment has shown that the introduction of carbon sequestration technologies in Europe in 2020, will result in an increase in the production cost of electricity by coal and natural gas technologies of 30-55% depending on the electricity-generation technology used; gas turbines will remain the most competitive option for generating electricity; and integrated gasification combined cycle technology will become competitive. When carbon sequestration is coupled with natural-gas steam reforming or coal gasification for hydrogen production, the production cost of hydrogen will increase by 14-16%. Furthermore, natural-gas steam reforming with carbon sequestration is far more economically competitive than coal gasification

Results from the OECD report on international projections of electricity generating costs

International Nuclear Information System (INIS)

Paffenbarger, J.A.; Bertel, E.

1998-01-01

The International Energy Agency and Nuclear Energy Agency of the OECD have periodically undertaken a joint study on electricity generating costs in OECD Member countries and selected non-Member countries. This paper presents key results from the 1998 update of this study. Experts from 19 countries drawn from electric utility companies and government provided data on capital costs, operating and maintenance costs, and fuel costs from which levelized electricity generating costs (US cents/kWh) for baseload power plants were estimated in each country using a common set of economic assumptions. Light water nuclear power plants, pulverized coal plants, and natural gas-fired combined cycle gas turbines were the principal options evaluated. five and 10% discount rates, 40-year operating lifetime, and 75% annual load factor were the base assumptions, with sensitivity analyses on operating lifetime and load factor. Fuel costs and fuel escalation were provided individually by country, with a sensitivity case to evaluate costs assuming no real fuel price escalation over plant lifetimes. Of the three principal fuel/technology options, none is predominantly the cheapest option for all economic assumptions. However, fossil-fueled options are generally estimated to be the least expensive option. The study confirms that gas-fired combined cycles have improved their economic performance in most countries in recent years and are strong competitors to nuclear and coal-fired plants. Eleven out of the 18 countries with two or more options show gas-fired plants to be the cheapest option at 10% discount rate. Coal remains a strong competitor to gas when lower discount rates are used. Nuclear is the least expensive at both 5 and 10% discount rate in only two countries. Generally, with gas prices above 5 US$/GJ, nuclear plants constructed at overnight capital costs below 1 650 $/kWe have the potential to be competitive only at lower discount rates

Networks and RegionalCompetitiveness: Towards a Transaction Cost Approach of Small-Scale Cooperation

Directory of Open Access Journals (Sweden)

Daniel Friel

2005-06-01

Full Text Available A preoccupation with competition often dominates the study of governance. A focus on competition often unnecessarily precludes the possibility that regional institutions can suspend competition in certain areas and facilitate cooperation among potential rivals, thereby potentially contributing to their mutual success. In many ways companies cooperating through these types of networks have a greater degree of flexibility than firms which are forced to rely solely on hierarchies or markets for solutions to their problems. In order to fully understand how such networks work, this article first parses out differences in definitions of networks in order to understand how the type of network mentioned above actually differs from other uses of this term. Then it develops a theory of governance that goes beyond hierarchies and markets by demonstrating how this type of network can lead to reductions in transaction costs. This claim is illustrated on hand from examples of alternative forms of organization in Germany and Italy.

Power market competition

International Nuclear Information System (INIS)

Kelly, J.

1998-01-01

In the Unites States the prospect of greater competition in wholesale power market was immediately eclipsed by talk of retail competition. Attempts to move to retail competition have been costly and complex. Prudent public policy and economic analyses suggest that retail competition not be implemented until it can first be demonstrated that effective competition exists in wholesale power markets [it

Scaling and long-range dependence in option pricing V: Multiscaling hedging and implied volatility smiles under the fractional Black-Scholes model with transaction costs

Science.gov (United States)

Wang, Xiao-Tian

2011-05-01

This paper deals with the problem of discrete time option pricing using the fractional Black-Scholes model with transaction costs. Through the ‘anchoring and adjustment’ argument in a discrete time setting, a European call option pricing formula is obtained. The minimal price of an option under transaction costs is obtained. In addition, the relation between scaling and implied volatility smiles is discussed.

Strategic growth options

NARCIS (Netherlands)

Kulatilaka, N.; Perotti, E.C.

1998-01-01

We provide a strategic rationale for growth options under uncertainty and imperfect corn-petition. In a market with strategic competition, investment confers a greater capability to take advantage of future growth opportunities. This strategic advantage leads to the capture of a greater share of the

Cost-effective design of ringwall storage hybrid power plants: A real options analysis

International Nuclear Information System (INIS)

Weibel, Sebastian; Madlener, Reinhard

2015-01-01

Highlights: • Economic viability, optimal size, and siting of a hybrid ringwall hydro power plant. • Real options analysis for optimal investment timing and stochastic storage volumes. • Stochastic PV and solar power production affects optimal size of the storage device. • Monte Carlo simulation is used for wind/solar power, el. price, and investment cost. • Numerical computations for two different hybrid ringwall storage plant scenarios. - Abstract: We study the economic viability and optimal sizing and siting of a hybrid plant that combines a ringwall hydro storage system with wind and solar power plants (ringwall storage hybrid power plant, RSHPP). A real options model is introduced to analyze the economics of an onshore RSHPP, and in particular of the varying storage volume in light of the stochastic character of wind and solar power, as well as the optimal investment timing under uncertainty. In fact, many uncertainties arise in such a project. Energy production is determined by the stochastic character of wind and solar power, and affects the optimal size of the storage device. Monte Carlo simulation is performed to analyze the following sources of uncertainty: (i) wind intensity and solar irradiation; (ii) future electricity price; and (iii) investment costs. The results yield the optimal size of the storage device; the energy market on which the operator should sell the electricity generated; numerical examples for two different RSHPP scenarios; and a real options model for analyzing the opportunity to defer the project investment and thus to exploit the value of waiting

Levelised costs of Wave and Tidal energy in the UK: Cost competitiveness and the importance of 'banded' Renewables Obligation Certificates

International Nuclear Information System (INIS)

Allan, Grant; Gilmartin, Michelle; McGregor, Peter; Swales, Kim

2011-01-01

In this paper, publicly available cost data are used to calculate the private levelised costs of two marine energy technologies for UK electricity generation: Wave and Tidal Stream power. These estimates are compared to those for ten other electricity generation technologies whose costs were identified by the UK Government (). Under plausible assumptions for costs and performance, point estimates of the levelised costs of Wave and Tidal Stream generation are Pounds 190 and Pounds 81/MWh, respectively. Sensitivity analysis shows how these relative private levelised costs calculations are affected by variation in key parameters, specifically the assumed capital costs, fuel costs and the discount rate. We also consider the impact of the introduction of technology-differentiated financial support for renewable energy on the cost competitiveness of Wave and Tidal Stream power. Further, we compare the impact of the current UK government support level to the more generous degree of assistance for marine technologies that is proposed by the Scottish government. - Research highlights: → Levelised costs of electricity generation from wave and tidal stream in UK calculated. → Comparison to ten renewable and non-renewable technologies demonstrated. → Sensitivity of levelised costs to key assumptions is demonstrated. → Technology-specific financial support revealed to be insufficient at current costs.

Options for cost-effectively reducing atmospheric methane concentrations from anthropogenic biomass sources

International Nuclear Information System (INIS)

Roos, K.F.; Jacobs, C.; Orlic, M.

1993-01-01

Methane is a major greenhouse gas, second only to carbon dioxide in its contribution to future global warming. Methane concentrations have more than doubled over the last two centuries and continue to rise annually. These increases are largely correlated with increasing human populations. Methane emissions from human related activities currently account for about 70 percent of annual emissions. Of these human related emissions, biomass sources account for about 75 percent and non-biomass sources about 25 percent. Because methane has a shorter lifetime than other major greenhouse gases, efforts to reduce methane emissions may fairly quickly be translated into lower atmospheric concentrations of methane and lower levels of radiative forcing. This fairly quick response would have the benefit of slowing the rate of climate change and hence allow natural ecosystems more time to adapt. Importantly, methane may be cost-effectively reduced from a number of biomass and non-biomass sources in the United States and worldwide. Methane is a valuable fuel, not just a waste by-product, and often systems may be reconfigured to reap the fuel value of the methane and more than justify the necessary expenditures. Such options for reducing methane emission from biomass sources exist for landfills, livestock manures, and ruminant livestock, and have been implemented to varying degrees in countries around the world. However, there are a number of barriers that hinder the more widespread use of technologies, including institutional, financial, regulatory, informational, and other barriers. This paper describes an array of available options that may be cost-effectively implemented to reduce methane emissions from biomass sources. This paper also discusses a number of programs that have been developed in the United States and internationally to promote the implementation of these methane reduction options and overcome existing barriers

Net energy analysis - powerful tool for selecting elective power options

Energy Technology Data Exchange (ETDEWEB)

Baron, S. [Brookhaven National Laboratory, Upton, NY (United States)

1995-12-01

A number of net energy analysis studies have been conducted in recent years for electric power production from coal, oil and uranium fuels; synthetic fuels from coal and oil shale; and heat and electric power from solar energy. This technique is an excellent indicator of investment costs, environmental impact and potential economic competitiveness of alternative electric power systems for energy planners from the Eastern European countries considering future options. Energy conservation is also important to energy planners and the net energy analysis technique is an excellent accounting system on the extent of energy resource conservation. The author proposes to discuss the technique and to present the results of his studies and others in the field. The information supplied to the attendees will serve as a powerful tool to the energy planners considering their electric power options in the future.

Cost-effectiveness of public-health policy options in the presence of pretreatment NNRTI drug resistance in sub-Saharan Africa

DEFF Research Database (Denmark)

Phillips, Andrew N; Cambiano, Valentina; Nakagawa, Fumiyo

2018-01-01

BACKGROUND: There is concern over increasing prevalence of non-nucleoside reverse-transcriptase inhibitor (NNRTI) resistance in people initiating antiretroviral therapy (ART) in low-income and middle-income countries. We assessed the effectiveness and cost-effectiveness of alternative public health...... sources and considers specific drugs and resistance mutations. We used this model to generate multiple setting scenarios mimicking those in sub-Saharan Africa and considered the prevalence of pretreatment NNRTI drug resistance in 2017. We then compared effectiveness and cost-effectiveness of alternative...... policy options. We took a 20 year time horizon, used a cost effectiveness threshold of US$500 per DALY averted, and discounted DALYs and costs at 3% per year. FINDINGS: A transition to use of a dolutegravir as a first-line regimen in all new ART initiators is the option predicted to produce the most...

A Real Options Approach to Bankruptcy Costs: Evidence from Failed Commercial Banks During the 1990s

OpenAIRE

Joseph R. Mason

2005-01-01

Literature to date has identified three main aspects of liquidation time: firm size, asset specificity, and industry concentration. The present paper unifies the theory behind these three aspects of bankruptcy costs by treating them as components of a broader option valuation problem faced by the liquidating trustee. In the options valuation framework, at time t the trustee may choose to 1) liquidate at current asset values and incur a known loss, or 2) hold until the next period t+1 at a pos...

New options for purchasing electricity

International Nuclear Information System (INIS)

2003-10-01

This guide is intended for small to medium commercial customers in Alberta and explains new options for purchasing electricity. Small to medium customers include corner stores, community centres, schools, small office buildings, and light industrial businesses. In the 1990s, private power producers in Alberta built 3,000 megawatts of new generation, adding 30 per cent more supply to the power grid in the province. Prices in the deregulated electricity market have fluctuated with natural gas prices, changing weather and changing power demands. The competitive electricity market was opened on January 1, 2001 in Alberta, offering consumers purchasing choices such as green power, multi-year contracts, or electricity rates under the Regulated Rate Option (RRO). The RRO was a transition mechanism that will end by December 31, 2003 at which time, small to medium commercial customers will have the option to shop around for competitive electricity contracts that provide a fixed price of power over time, or they can opt to stay with their current supplier and receive a regulated flow-through of market prices. Under the flow-through option, risk of future deferral charges is reduced, but electricity prices will probably change between billing periods. 1 fig

Assessment of nuclear energy cost competitiveness against alternative energy sources in Romania envisaging the long-term national energy sustainability

International Nuclear Information System (INIS)

Margeanu, C. A.

2016-01-01

The paper includes some of the results obtained by RATEN ICN Pitesti experts in the IAEA.s Collaborative Project INPRO-SYNERGIES. The case study proposed to evaluate and analyze the nuclear capacity development and increasing of its share in the national energy sector, envisaging the long term national and regional energy sustainability by keeping collaboration options open for the future while bringing solutions to short/medium-term challenges. The following technologies, considered as future competing technologies for electric energy generation in Romania, were selected: nuclear technology (represented by PHWR CANDU Units 3 and 4 - CANDU new, advanced HWR - Adv. HWR, and advanced PWR - Adv. PWR) and, as alternative energy sources, classical technology (represented by Coal-fired power plant using lignite fossil fuel, with carbon capture - Coal_new, and Gas-fired power plant operating on combined cycle, with carbon capture - Gas_new). The study included assessment of specific economic indicators, sensitivity analyses being performed on Levelised Unit Energy Cost (LUEC) variation due to different perturbations (e.g. discount rate, overnight costs, etc). Robustness indices (RI) of LUEC were also calculated by considering simultaneous variation of input parameters for the considered power plants. The economic analyses have been performed by using the IAEA.s NEST program. The study results confirmed that in Romania, under the national specific conditions defined, electricity produced by nuclear power plants is cost competitive against coal and gas fired power plants electricity. The highest impact of considered perturbations on LUEC has been observed for capital intensive technologies (nuclear technologies) comparatively with the classic power plants, especially for discount rate changes. (authors)

Competitive Priorities and Competitive Advantage in Jordanian Manufacturing

OpenAIRE

Awwad, Abdulkareem S.; Al Khattab, Adel A.; Anchor, J.R

2013-01-01

The purpose of this research was to explore and predict the relationship between the competitive priorities (quality, cost, flexibility and delivery) and the competitive advantage of firms in the Jordanian Industrial Sector. A population of 88 Jordanian manufacturing firms, registered on the Amman Stock Exchange, was targeted using a cross-sectional survey employing a questionnaire method of data collection. The results of the data analysis indicate a significant relationship between competit...

The next generation of urban MACCs. Reassessing the cost-effectiveness of urban mitigation options by integrating a systemic approach and social costs

International Nuclear Information System (INIS)

Saujot, Mathieu; Lefèvre, Benoit

2016-01-01

Many cities are implementing policies and climate action plans. Yet local climate policies suffer from a lack of scientific understanding and evaluation methods able to support the definition of efficient mitigation strategies. The purpose of this paper is to build on classical approaches in the energy policy field that exist at the national and international level to propose an urban MACCs methodology able to fulfill this lack and inform local debates. The methodology is an extension of static “expert-based” MACCs; it combines a land use transport integrated model and an abatement cost methodology that integrates co-benefits, and takes into account the spatial and systemic dimensions of cities. The methodology is implemented for the transportation sector of a mid-sized European city (Grenoble, France). Our results present the cost-effectiveness and political feasibility of several proposed measures. We find that the inclusion of co-benefits can profoundly change the cost-benefit assessment of transport mitigation options. Moreover we underline the key parameters determining the cost-effectiveness ranking of mitigation options. These urban MACCs aim to serve as a bridge between urban planning and mitigation policies and can thus contribute to strengthen and align sustainable and climate change agendas at the local level. - Highlights: •Local climate policies lack scientific understanding for prioritizing mitigation actions. •We develop a method to evaluate cost-effectiveness of urban transportation actions. •This method combines urban modeling and MACCs to inform urban planning. •Abatement costs from its application to a mid-sized city are presented. •The impact of the inclusion of co-benefits is analyzed.

Corporate investment under uncertainty and competition : A real options approach

NARCIS (Netherlands)

Pawlina, G.

2003-01-01

Corporate investment opportunities can be represented as a set of (real) options to acquire productive assets. Identification of the optimal exercise strategies for these options plays a crucial role in improving the quality of capital budgeting decisions and, as a consequence, in maximizing

Comparative costs of electricity generation: a Canadian perspective

International Nuclear Information System (INIS)

Moore, B.; Guindon, S.

1998-01-01

The cost of generation will be a critical factor in the decision making process for electric power utilities in the years ahead as plans for new capacity are made under the pressures of a more competitive, deregulated market. Technologies with low capital, fuel and operating costs, short construction schedules, capacity closely matched to load growth and minimal regulatory/public acceptance problems are generally more attractive. As the Levelized Unit Energy Cost (LUEC) studies show, natural gas plants require ready access to low-cost supply of natural gas in order to compete. In areas with access to large supplies of low cost natural gas, it is therefore quite likely that natural gas turbines will be chosen, perhaps in combined cycles, for the next round of capacity increases in order to minimize financial risks. From a cost perspective, the challenge for the nuclear industry in Canada is to ensure, in the short to medium term, that the existing plants reach their full operating life and that they operate consistently at high capacity factors. In the longer term, improvements which lower the capital costs of nuclear plants, decrease construction times and increase capacity utilization factors will enhance the competitiveness of the nuclear option

Electricity between monopoly and competition. Selling at the marginal cost. The rational guidance of electric energy consumption by tariffs

International Nuclear Information System (INIS)

Boiteux, Marcel

2015-10-01

Within the perspective of the introduction of competition, the first article comments the issues related to the different professions: distribution (which solutions as multiple grids would be too expensive?), interconnection and transport grids (same questions), and production. The author outlines some characteristics of electricity: it cannot be stored, is a rigid product, has a price elasticity almost null on the short term. Then he discusses different problems to be solved: transport tolls, competition for production, difference between customers (big clients, households, handicraft). In the second article, the author discusses the issue of pricing (why selling at cost price or at marginal cost price?) and discusses the definition of this marginal cost. In the third article, the author comments the common use of tariffs by electricity distribution companies as an incentive for a rational use of electric energy by consumers. He describes how prices are factors of economic choice, the implication of selling at cost price and at marginal cost price. He discusses the relationship between marginal cost price and budget balance, and the practical adaptation of tariffs

Life-cycle cost analysis of energy efficiency design options for residential furnaces and boilers

International Nuclear Information System (INIS)

Lutz, James; Lekov, Alex; Chan, Peter; Whitehead, Camilla Dunham; Meyers, Steve; McMahon, James

2006-01-01

In 2001, the US Department of Energy (DOE) initiated a rulemaking process to consider whether to amend the existing energy efficiency standards for furnaces and boilers. A key factor in DOE's consideration of new standards is the economic impacts on consumers of possible revisions to energy-efficiency standards. Determining cost-effectiveness requires an appropriate comparison of the additional first cost of energy efficiency design options with the savings in operating costs. DOE's preferred approach involves comparing the total life-cycle cost (LCC) of owning and operating a more efficient appliance with the LCC for a baseline design. This study describes the method used to conduct the LCC analysis and presents the estimated change in LCC associated with more energy-efficient equipment. The results indicate that efficiency improvement relative to the baseline design can reduce the LCC in each of the product classes considered

Identification of preferred dipole design options and cost estimates: Deliverable D5.2

CERN Document Server

Tommasini, Davide

2017-01-01

This document contains a description of the preferred 16 Tesla dipole magnet baseline design with its expected performances. The document also includes an analysis of the individual merits and risks of the different, initial design options and gives a justification for the selection of the baseline design. The deliverable includes expected field levels, field errors and a cost estimate, which serve as input for the arc design consolidation.

Coal competitiveness?

International Nuclear Information System (INIS)

Rogeaux, B.

2006-01-01

Will coal electrical plants be more competitive in the coming years? Answering this one cannot be limited to merely comparing estimates based on reference electricity production costs. The competitiveness of coal will indeed depend on the final product marketed, as the MWhs are not equal: is the purpose to produce base, half-base MWh? Does the electrical equipment structure require flexible MWh (for instance in the event of significant intermittent renewable energy amounts), and therefore plants able to adjust their power rapidly? But the competitiveness of coal will also depend on many factors that will correct reference cost estimates: uncertainties, risks, externalities. These factors will need to be appreciated on a case by case basis. We introduce some of the reasoning used to better appreciate the future competitiveness of coal, and the main factors conditioning it in three contrasting regions of the world: Europe, USA, china. (author)

Online Cooperative Promotion and Cost Sharing Policy under Supply Chain Competition

Directory of Open Access Journals (Sweden)

Erjiang E

2016-01-01

Full Text Available This paper studies online cooperative promotion and cost sharing decisions in competing supply chains. We consider a model of one B2C e-commerce platform and two supply chains each consisting of a supplier and an online retailer. The problem is studied using a multistage game. Firstly, the e-commerce platform carries out the cooperative promotion and sets the magnitude of markdown (the value of e-coupon. Secondly, each retailer and his supplier determine the fraction of promotional cost sharing when they have different bargaining power. Lastly, the retailers decide whether to participate in the cooperative promotion campaign. We show that the retailers are likely to participate in the promotion if consumers become more price-sensitive. However, it does not imply that the retailers can benefit from the price promotion; the promotion decision game resembles the classical prisoner’s dilemma game. The retailers and suppliers can benefit from the cooperative promotion by designing an appropriate cost sharing contract. For a supply chain, the bargaining power between supplier and retailer, consumer price sensitivity, and competition intensity affect the fraction of the promotional cost sharing. We also find that equilibrium value of e-coupon set by the e-commerce platform is not optimal for all the parties.

Non-additive costs and interactions alter the competitive dynamics of co-occurring ecologically distinct plasmids.

Science.gov (United States)

Morton, Elise R; Platt, Thomas G; Fuqua, Clay; Bever, James D

2014-03-22

Plasmids play an important role in shaping bacterial evolution and adaptation to heterogeneous environments. As modular genetic elements that are often conjugative, the selective pressures that act on plasmid-borne genes are distinct from those that act on the chromosome. Many bacteria are co-infected by multiple plasmids that impart niche-specific phenotypes. Thus, in addition to host-plasmid dynamics, interactions between co-infecting plasmids are likely to be important drivers of plasmid population dynamics, evolution and ecology. Agrobacterium tumefaciens is a facultative plant pathogen that commonly harbours two distinct megaplasmids. Virulence depends on the presence of the tumour-inducing (Ti) plasmid, with benefits that are primarily restricted to the disease environment. Here, we demonstrate that a second megaplasmid, the At plasmid, confers a competitive advantage in the rhizosphere. To assess the individual and interactive costs of these plasmids, we generated four isogenic derivatives: plasmidless, pAt only, pTi only and pAtpTi, and performed pairwise competitions under carbon-limiting conditions. These studies reveal a low cost to the virulence plasmid when outside of the disease environment, and a strikingly high cost to the At plasmid. In addition, the costs of pAt and pTi in the same host were significantly lower than predicted based on single plasmid costs, signifying the first demonstration of non-additivity between naturally occurring co-resident plasmids. Based on these empirically demonstrated costs and benefits, we developed a resource-consumer model to generate predictions about the frequencies of these genotypes in relevant environments, showing that non-additivity between co-residing plasmids allows for their stable coexistence across environments.

Distributed Wind Competitiveness Improvement Project

Energy Technology Data Exchange (ETDEWEB)

2018-02-27

The Competitiveness Improvement Project (CIP) is a periodic solicitation through the U.S. Department of Energy and its National Renewable Energy Laboratory. The Competitiveness Improvement Project (CIP) is a periodic solicitation through the U.S. Department of Energy and its National Renewable Energy Laboratory. Manufacturers of small and medium wind turbines are awarded cost-shared grants via a competitive process to optimize their designs, develop advanced manufacturing processes, and perform turbine testing. The goals of the CIP are to make wind energy cost competitive with other distributed generation technology and increase the number of wind turbine designs certified to national testing standards. This fact sheet describes the CIP and funding awarded as part of the project.ufacturers of small and medium wind turbines are awarded cost-shared grants via a competitive process to optimize their designs, develop advanced manufacturing processes, and perform turbine testing. The goals of the CIP are to make wind energy cost competitive with other distributed generation technology and increase the number of wind turbine designs certified to national testing standards. This fact sheet describes the CIP and funding awarded as part of the project.

ICPP tank farm closure study. Volume III: Cost estimates, planning schedules, yearly cost flowcharts, and life-cycle cost estimates

International Nuclear Information System (INIS)

1998-02-01

This volume contains information on cost estimates, planning schedules, yearly cost flowcharts, and life-cycle costs for the six options described in Volume 1, Section 2: Option 1 -- Total removal clean closure; No subsequent use; Option 2 -- Risk-based clean closure; LLW fill; Option 3 -- Risk-based clean closure; CERCLA fill; Option 4 -- Close to RCRA landfill standards; LLW fill; Option 5 -- Close to RCRA landfill standards; CERCLA fill; and Option 6 -- Close to RCRA landfill standards; Clean fill. This volume is divided into two portions. The first portion contains the cost and planning schedule estimates while the second portion contains life-cycle costs and yearly cash flow information for each option

Life-cycle cost analysis of energy efficiency design options for residential furnaces and boilers

Energy Technology Data Exchange (ETDEWEB)

Lutz, J.; Lekov, A.; Chan, P.; Dunham Whitehead, C.; Meyers, S.; McMahon, J. [Lawrence Berkeley National Laboratory, Berkeley, CA (United States). Environmental Energy Technologies Div.

2006-03-01

In 2001, the US Department of Energy (DOE) initiated a rulemaking process to consider whether to amend the existing energy efficiency standards for furnaces and boilers. A key factor in DOE's consideration of new standards is the economic impacts on consumers of possible revisions to energy-efficiency standards. Determining cost-effectiveness requires an appropriate comparison of the additional first cost of energy efficiency design options with the savings in operating costs. DOE's preferred approach involves comparing the total life-cycle cost (LCC) of owning and operating a more efficient appliance with the LCC for a baseline design. This study describes the method used to conduct the LCC analysis and presents the estimated change in LCC associated with more energy-efficient equipment. The results indicate that efficiency improvement relative to the baseline design can reduce the LCC in each of the product classes considered. (author)

Probabilistic life-cycle cost analysis for renewable and non-renewable power plants

International Nuclear Information System (INIS)

Cartelle Barros, Juan José; Lara Coira, Manuel; Cruz López, María Pilar de la; Caño Gochi, Alfredo del

2016-01-01

Two probabilistic models are presented to assess the costs of power plants. One of them uses requirement trees, value functions and the analytic hierarchy process. It is also based on Monte Carlo simulation. The second one is a mathematical model for calculating the levelised cost of electricity (LCOE) based on discounted cash flow techniques, and combined with Monte Carlo simulation. The results obtained with both models are compared and discussed. On the one hand, the LCOE model provides the most reliable results. These results reinforce the idea that conventional or coal, lignite, oil, natural gas and nuclear power plants are still the most competitive options, with the LCOE falling in a range of around 25 to 200 €/MWh and mean values approaching 70 €/MWh. Generally, renewable power plants obtained the worst results, with a LCOE varying from around 30 to more than 450 €/MWh. Nevertheless, this study demonstrates that renewable alternatives can compete with their conventional counterparts under certain conditions. - Highlights: • Two probabilistic models are presented to assess the costs of power plants. • Conventional power plants are still the most competitive options. • Renewable energies can compete with their conventional counterparts under certain conditions. • The model aids the decision making process in the energy policy field.

An Analysis of Techno-Economic Requirements for MOSAIC CPV Systems to Achieve Cost Competitiveness

Energy Technology Data Exchange (ETDEWEB)

Horowitz, Kelsey A [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Cunningham, Daniel [ARPA-E; Zahler, James [ARPA-E

2017-11-01

A comprehensive bottom-up cost model has been developed by NREL for ARPAE's MOSAIC micro-concentrator PV program. In this presentation, we use this model to examine the potential competitiveness of MOSAIC systems compared to incumbent technologies in different markets. We also provide an example of how these models can be used by awardees to assess different aspects of their design.

Design Evolution Study - Aging Options

International Nuclear Information System (INIS)

McDaniel, P.

2002-01-01

The purpose of this study is to identify options and issues for aging commercial spent nuclear fuel received for disposal at the Yucca Mountain Mined Geologic Repository. Some early shipments of commercial spent nuclear fuel to the repository may be received with high-heat-output (younger) fuel assemblies that will need to be managed to meet thermal goals for emplacement. The capability to age as much as 40,000 metric tons of heavy metal of commercial spent nuclear he1 would provide more flexibility in the design to manage this younger fuel and to decouple waste receipt and waste emplacement. The following potential aging location options are evaluated: (1) Surface aging at four locations near the North Portal; (2) Subsurface aging in the permanent emplacement drifts; and (3) Subsurface aging in a new subsurface area. The following aging container options are evaluated: (1) Complete Waste Package; (2) Stainless Steel inner liner of the waste package; (3) Dual Purpose Canisters; (4) Multi-Purpose Canisters; and (5) New disposable canister for uncanistered commercial spent nuclear fuel. Each option is compared to a ''Base Case,'' which is the expected normal waste packaging process without aging. A Value Engineering approach is used to score each option against nine technical criteria and rank the options. Open issues with each of the options and suggested future actions are also presented. Costs for aging containers and aging locations are evaluated separately. Capital costs are developed for direct costs and distributable field costs. To the extent practical, unit costs are presented. Indirect costs, operating costs, and total system life cycle costs will be evaluated outside of this study. Three recommendations for aging commercial spent nuclear fuel--subsurface, surface, and combined surface and subsurface are presented for further review in the overall design re-evaluation effort. Options that were evaluated but not recommended are: subsurface aging in a new

Cost-effectiveness of available treatment options for patients suffering from severe COPD in the UK: a fully incremental analysis

Directory of Open Access Journals (Sweden)

Hertel N

2012-03-01

Full Text Available Nadine Hertel1, Robert W Kotchie1, Yevgeniy Samyshkin1, Matthew Radford1, Samantha Humphreys2, Kevin Jameson21IMS Consulting Group, London, UK; 2MSD Ltd, Hoddesdon, UKPurpose: Frequent exacerbations which are both costly and potentially life-threatening are a major concern to patients with chronic obstructive pulmonary disease (COPD, despite the availability of several treatment options. This study aimed to assess the lifetime costs and outcomes associated with alternative treatment regimens for patients with severe COPD in the UK setting.Patients and methods: A Markov cohort model was developed to predict lifetime costs, outcomes, and cost-effectiveness of various combinations of a long-acting muscarinic antagonist (LAMA, a long-acting beta agonist (LABA, an inhaled corticosteroid (ICS, and roflumilast in a fully incremental analysis. Patients willing and able to take ICS, and those refusing or intolerant to ICS were analyzed separately. Efficacy was expressed as relative rate ratios of COPD exacerbation associated with alternative treatment regimens, taken from a mixed treatment comparison. The analysis was conducted from the UK National Health Service (NHS perspective. Parameter uncertainty was explored using one-way and probabilistic sensitivity analysis.Results: Based on the results of the fully incremental analysis a cost-effectiveness frontier was determined, indicating those treatment regimens which represent the most cost-effective use of NHS resources. For ICS-tolerant patients the cost-effectiveness frontier suggested LAMA as initial treatment. Where patients continue to exacerbate and additional therapy is required, LAMA + LABA/ICS can be a cost-effective option, followed by LAMA + LABA/ICS + roflumilast (incremental cost-effectiveness ratio [ICER] versus LAMA + LABA/ICS: £16,566 per quality-adjusted life-year [QALY] gained. The ICER in ICS-intolerant patients, comparing LAMA + LABA + roflumilast versus LAMA + LABA, was £13

Academic health centers on the front lines: survival strategies in highly competitive markets.

Science.gov (United States)

Blumenthal, D; Weissman, J S; Griner, P F

1999-09-01

The authors describe approaches that five academic health centers (AHCs) have taken to reduce costs, enhance quality, or improve their market positions since the onset of price competition and managed care. The five AHCs, all on the West Coast, were selected for study because they (1) are located in markets that had been highly competitive for the longest time; (2) are committed to all the major missions of AHCs; and (3) own or substantially control their major clinical teaching facilities. The study findings reflect the status of the five AHCs during the fall of 1998. Although some findings may no longer be current (especially in light of ongoing implementation of the Balanced Budget Act of 1997), they still provide insights into the options and opportunities available to many AHCs in highly competitive markets. The authors report on the institutions' financial viability (positive), levels of government support (advantageous), and competition from other AHCs (modest). They outline the study AHCs' survival strategies in three broad areas: increasing revenues via exploiting market niches, reducing costs, and reorganizing to improve internal governance and decision making. They also report how marketplace competition and the strategies the AHCs used to confront it have affected the AHCs' missions. The authors summarize the outstanding lessons that all AHCs can learn from the experiences of the AHCs studied, although adding that AHCs in other parts of the country should use caution in looking to the West Coast AHCs for answers.

Getting Competitive: Competitive Intelligence Is a Smart next Step for Information Pros

Science.gov (United States)

Correia, Cynthia Cheng

2006-01-01

Competitive Intelligence (CI) has become an attractive concept for Library and Information Science professionals, as information and research functions have become commoditized by end users, and financial, competitive, and performance pressures increase the need to demonstrate value. In the current competitive and cost-cutting environment,…

Techno-Economic Comparison of Onshore and Offshore Underground Coal Gasification End-Product Competitiveness

Directory of Open Access Journals (Sweden)

Natalie Christine Nakaten

2017-10-01

Full Text Available Underground Coal Gasification (UCG enables the utilisation of coal reserves that are currently not economically exploitable due to complex geological boundary conditions. Hereby, UCG produces a high-calorific synthesis gas that can be used for generation of electricity, fuels and chemical feedstock. The present study aims to identify economically competitive, site-specific end-use options for onshore and offshore produced UCG synthesis gas, taking into account the capture and storage (CCS and/or utilisation (CCU of resulting CO 2 . Modelling results show that boundary conditions that favour electricity, methanol and ammonia production expose low costs for air separation, high synthesis gas calorific values and H 2 /N 2 shares as well as low CO 2 portions of max. 10%. Hereby, a gasification agent ratio of more than 30% oxygen by volume is not favourable from economic and environmental viewpoints. Compared to the costs of an offshore platform with its technical equipment, offshore drilling costs are negligible. Thus, uncertainties related to parameters influenced by drilling costs are also negligible. In summary, techno-economic process modelling results reveal that scenarios with high CO 2 emissions are the most cost-intensive ones, offshore UCG-CCS/CCU costs are twice as high as the onshore ones, and yet all investigated scenarios except from offshore ammonia production are competitive on the European market.

Green marketing in the Massachusetts electric company retail competition pilot program

Energy Technology Data Exchange (ETDEWEB)

Rothstein, S.M.; Fang, J.M.

1997-10-01

With electric industry restructuring initiatives being introduced on the state and federal levels, retail access pilot programs serve an important function for examining competitive market issues, as well as marketing strategies and customer reactions to different power supply options. The experience gained through these pilots provides important insights into future power market operations, including the market for green power. The Massachusetts Electric Company`s (MECo`s) Choice: New England pilot for residential and small-business customers was a voluntary program developed primarily to test the billing and metering logistics that distribution companies will need in the competitive market. The pilot also offered a preview of program implementation and marketing under customer choice. It was the first retail competition pilot to explicitly include green power options in program design. The MECo pilot`s energy suppliers were selected through the issuance of a request for proposals (RFP). Respondents were asked to submit bids in one or more of three energy supply categories-price, green, and other options. These options were developed by the pilot administrator through internal meetings, discussions with state officials and other stakeholders, and a review of information from other similar pilots. For the green option, the pilot administrator did not establish a green standard. Instead, suppliers were allowed to submit offers that promoted environmental stewardship. Customer response to the different green options are reported. The pilot results clearly demonstrate that, in a competitive situation, there is interest in a variety of energy supply options, including green options. 2 tabs.

Benefit/cost analysis of plutonium recycle options in the United States of America

International Nuclear Information System (INIS)

Lowenberg, H.; Burnham, J.B.; Fisher, F.D.; Ray, W.H.

1977-01-01

Beginning in 1973, the USAEC started the analysis of the benefit/cost balance of Pu recycling in light-water reactors and the US Nuclear Regulatory Commission has continued this effort to the present time. A study of the United States nuclear industry from 1975 until 2000 was summarized in a final environmental statement called GESMO - Generic Environmental Statement on Mixed Oxide, NUREG-0002. Cumulative environmental and economic effects for several industry growth patterns were determined. Five alternatives were evaluated, covering the basic options of recycling uranium and plutonium; recycling uranium; and no recycling. The NRC findings, excluding consideration of proliferation and safeguards questions, are: the safety of reactors and fuel-cycle facilities are not significantly affected by recycle; excluding consideration of radiological effects, the environmental effects of recycle are slightly less than those from a non-recycle system; plutonium recycling extends uranium resources and reduces environmental impacts at the same time requiring reprocessing and Pu-handling facilities; despite uncertainties, recycling has probable economic advantages over other fuel concepts; differences in health effects attributable to recycling provide no basis for selecting a particular fuel-cycle option; no waste-management considerations appear that could be a basis for the selection of any particular option. The NRC studies on health, safety and environmental considerations of Pu recycling in the United States of America show that the differences in benefits/costs between the alternative fuel cycles are small and hence do not provide a clear basis for a decision on Pu recycle at this time. Safeguards and international proliferation implications appear to be the controlling factors in reaching a decision. President Carter's statement indefinitely deferring reprocessing and Pu recycle in the United States of America has resulted in a re-evaluation by NRC of its programme to

Market responses to HMOs: price competition or rivalry?

Science.gov (United States)

McLaughlin, C G

1988-01-01

Although competition for consumers is increasing in the health care sector, there is disagreement about whether it is resulting in cost containment, as its supporters have argued it would. In part this stems from a confusion between price competition, which under ideal circumstances leads to the production of services at the lowest possible cost, and nonprice competition--or rivalry--which under many circumstances will lead to increased costs. In this paper, I examine the evidence about the competitive response to the growing presence of health maintenance organizations in the health care marketplace. The available evidence suggests that providers are responding not with classical cost-containing price competition but, instead, with cost-increasing rivalry, characterized by increased expenditures to promote actual or perceived product differentiation.

The role of nuclear power in the option zero emission technologies for fossil fuels

International Nuclear Information System (INIS)

Corak, Z.

2006-01-01

The energy sector is one of the main sources of greenhouse gas (GHG) emissions particularly carbon dioxide (CO2) increasing concerns due to their potential risk to induce global warming and climate change. The Parties having signed the Kyoto Protocol in December 1997, committed to decrease their GHG emissions. The Protocol states that countries shall undertake promotion, research, development and increased use of new and renewable forms of energy, of carbon dioxide sequestration technologies and of advanced and innovative environmentally sound technologies. The one significant option that is not specifically mentioned is nuclear energy which is essentially carbon-free. There are a number of technical options that could help reducing, or at least slowing the increase of, GHG emissions from the energy sector. The list of options includes: improving the efficiency of energy conversion and end-use processes; shifting to less carbon intensive energy sources (e.g. shifting from coal to natural gas); developing carbon-free or low-carbon energy sources; and carbon sequestration (e.g. planting forests or capturing and storing carbon dioxide). It must be pointed out that nuclear power is one of the few options that are currently available on the market, competitive in a number of countries, especially if global costs to society of alternative options are considered; practically carbon-free; and sustainable at large-scale deployment. The nuclear power could play significant role in alleviating the risk of global climate change. The main objective of the article is to present sequestration options, their cost evaluation as well as comparation with alternative possibilities of nuclear energy production. (author)

Efficient Trajectory Options Allocation for the Collaborative Trajectory Options Program

Science.gov (United States)

Rodionova, Olga; Arneson, Heather; Sridhar, Banavar; Evans, Antony

2017-01-01

The Collaborative Trajectory Options Program (CTOP) is a Traffic Management Initiative (TMI) intended to control the air traffic flow rates at multiple specified Flow Constrained Areas (FCAs), where demand exceeds capacity. CTOP allows flight operators to submit the desired Trajectory Options Set (TOS) for each affected flight with associated Relative Trajectory Cost (RTC) for each option. CTOP then creates a feasible schedule that complies with capacity constraints by assigning affected flights with routes and departure delays in such a way as to minimize the total cost while maintaining equity across flight operators. The current version of CTOP implements a Ration-by-Schedule (RBS) scheme, which assigns the best available options to flights based on a First-Scheduled-First-Served heuristic. In the present study, an alternative flight scheduling approach is developed based on linear optimization. Results suggest that such an approach can significantly reduce flight delays, in the deterministic case, while maintaining equity as defined using a Max-Min fairness scheme.

Competitiveness of Colombian Cotton in Relation to the Main Producing Countries Through the Focus of Production Costs

Directory of Open Access Journals (Sweden)

Antonio M. Martínez Reina

2015-07-01

Full Text Available This paper studies the competitiveness of cotton production in Colombia through a comparative analysis of the patterns of production costs in the producing regions of Colombia in relation to the main producers of cotton fiber. The basic information for this study is based on statistics taken mostly from Conalgodón, producer organizations and the textile industry. Economic statistics and estimates measurement techniques by the method of ordinary least squares (OLS were used, especially for estimating the functions of supply and demand. For the analysis of competitiveness, the unit production cost of Colombia was compared against other countries producing cotton fiber. The results show, on the one hand, that the production of short fiber in Colombia is likely to increase and to dedicate more areas to such type of crops given the growing trend of demand from the industry, which exceeds right now the spinning rings or long-fiber; and on the other hand, the results show that under the current conditions the country is not producing cotton in a competitive way and therefore the component of imported cotton is growing over time.

REAL OPTIONS ANALYSIS OF RENEWABLE ENERGY INVESTMENT SCENARIOS IN THE PHILIPPINES

Directory of Open Access Journals (Sweden)

Casper Agaton

2017-12-01

Full Text Available Abstract - With the continuously rising energy demand and much dependence on imported fossil fuels, the Philippines is developing more sustainable sources of energy. Renewable energy seems to be a better alternative solution to meet the country’s energy supply and security concerns. Despite its huge potential, investment in renewable energy sources is challenged with competitive prices of fossil fuels, high start-up cost and lower feed-in tariff rates for renewables. To address these problems, this study aims to analyze energy investment scenarios in the Philippines using real options approach. This compares the attractiveness of investing in renewable energy over continuing to use coal for electricity generation under uncertainties in coal prices, investments cost, electricity prices, growth of investment in renewables, and imposing carbon tax for using fossil fuels.

Comparative costs of coal and nuclear-generated electricity in the united states

International Nuclear Information System (INIS)

Brandfon, W.W.

1987-01-01

This paper compares the future first-year operating costs and lifetime levelized costs of producing baseload coal- and nuclear-generated electricity under schedules shorter than those recently experienced at U.S. plants. Nuclear appears to have a clear economic advantage. Coal is favorable only when it is assumed that the units will operate at very low capacity factors and/or when the capital cost differential between nuclear and coal is increased far above the recent historical level. Nuclear is therefore a cost-competitive electric energy option for utilities and should be considered as an alternative to coal when large baseload capacity is required. (author)

PRICES IN COMPETITIVE SYSTEM

Directory of Open Access Journals (Sweden)

VADUVA MARIA

2017-08-01

Full Text Available Regularities of competitive market determine rules for determining prices and their dynamics. Orientation prices to competition (competitive pricing is the strategy most frequently used in countries with market economies and especially for exports. Moreover, in an economy dominated by market competition it cannot be ignored without certain risks the prices resulting from competition between products bidders. Companies that use this type of strategy seek to maintain a level of prices linked to that charged by other competitors (or exporting producers generally no longer covering production costs or demand, relying on the assumption that the average market price is a reasonable basis of costs. But the way how practical guidance and reporting to the competition in every price strategy, will be determined by the company's market position, by the available power and enjoyed prestige, objectives and prospects of its market share etc. according to these elements, there may be several versions of pricing strategies oriented to competitors.

Cost modeling of pseudomonoas fluorescens and pseudomonoas chlororphis biocontrol for competitive exclusion of salmonella enterica on tomatoes

Science.gov (United States)

Biocontrol measures may enhance postharvest interventions, however; published research on process-based models for biocontrol of foodborne pathogens on produce is limited. The aim of this research was to develop cost model estimates for competitive exclusion process using Pseudomonas fluorescens and...

Effects of SO2 emission regulations and fuel prices on levellized energy costs for industrial steam generation options

International Nuclear Information System (INIS)

Ozdogan, Sibel; Arikol, Mahir

1992-01-01

We discuss the impacts of SO 2 emission regulations and fuel prices on levellized energy costs of industrial steam generation options. A computer model called INDUSTEAM has been utilized. The steam-supply options comprise conventional grate-firing, bubbling and circulating fluidized beds, fuel-oil, and natural-gas-fired systems. Fuels of different SO 2 pollution potential have been evaluated assuming six environmental scenarios and varying fuel prices. A capacity range of 10-90 MW th is covered. (author)

Med-Ro Hybrid desalination as option to supply fresh water in BABEL Islands Province

International Nuclear Information System (INIS)

Siti Alimah; Sudi Ariyanto; June Mellawati; Budiarto

2011-01-01

Med-Ro hybrid desalination systems are combining both thermal (Med) and membrane (Ro) desalination processes with power generation systems. This configuration has more economical and operational benefits in comparison with single desalination plant. Hybrid configurations are characterized by flexibility in operation, specific energy consumption (33.50 kWh/m 3 ) is lower than Med (36.54 kWh/m 3 ) and high plant availability. The objective of study is to analyze the Med-Ro hybrid desalination as an option to add supply fresh water in Babel Islands Province, in terms of technology and economy aspects. The result of study showed that adopting nuclear power plants as dual-purpose for power generation and producing fresh water is has economic competitiveness than fossil-fired generation plants. Med-Ro hybrid configuration, with feed Ro from heat rejection of Med system is suitable as fresh water supply add option because increase of Ro feed temperature will increase flux. Economic analysis of water cost are performed using the Deep-3.2. Water cost of hybrid Med-Ro desalination with energy of NPP (0.581 $/m ) is lower than that of Med water cost (0.752 $/m ) . Water cost of hybrid Med-Ro with energy of NPP (0.581 $/m ) is lower than that of water cost of energy with fossil-fired generation plants (0.720 $/m 3 ). (author)

ACCOUNTING FOR OPTIONS AND ANALYSIS OF USE OF OPTION COMBINATION STRATEGIES

Directory of Open Access Journals (Sweden)

I. Derun

2016-08-01

Full Text Available The article deals with problems of accounting for options in Ukraine, namely: value expression of initial cost of options, their revaluation, accounting of premiums, financial assets and financial liabilities and variation margin. The paper offers ways of solution of these problems which based on harmonization with IAS 32, IAS 39, IFRS 7 and IFRS 9. The study considers option combination strategies (straddle, strangle, strap, strip and approaches of identification of possible financial results for investors which use these strategies. Examples of possible financial results are provided for buyers and sellers of options which use option combination strategies.

Low-cost storage options for solar hydrogen systems for remote area power supply

International Nuclear Information System (INIS)

Suhaib Muhammad Ali; John Andrews

2006-01-01

Equipment for storing hydrogen gas under pressure typically accounts for a significant proportion of the total capital cost of solar-hydrogen systems for remote area power supply (RAPS). RAPS remain a potential early market for renewable energy - hydrogen systems because of the relatively high costs of conventional energy sources in remote regions. In the present paper the storage requirements of PV-based solar-hydrogen RAPS systems employing PEM electrolysers and fuel cells to meet a range of typical remote area daily and annual demand profiles are investigated using a spread sheet-based simulation model. It is found that as the costs of storage are lowered the requirement for longer-term storage from summer to winter is increased with consequent potential gains in the overall economics of the solar-hydrogen system. In many remote applications, there is ample space for hydrogen storages with relatively large volumes. Hence it may be most cost-effective to store hydrogen at low to medium pressures achievable by using PEM electrolysers directly to generate the hydrogen at the pressures required, without a requirement for separate electrically-driven compressors. The latter add to system costs while requiring significant parasitic electricity consumption. Experimental investigations into a number of low-cost storage options including plastic tanks and low-to-medium pressure metal and composite cylinders are reported. On the basis of these findings, the economics of solar-hydrogen RAPS systems employing large-volume low-cost storage are investigated. (authors)

AP1000: Meeting economic goals in a competitive world. Annex 7

International Nuclear Information System (INIS)

Davis, G.; Cummins, E.; Winters, J.

2002-01-01

In the U.S., conditions are becoming more favorable for considering the nuclear option again for new baseload generation. While oil and natural gas prices have risen, the cost of operating the existing fleet of nuclear plants has decreased. Furthermore, an advanced 1000 MWe nuclear plant that will be even more cost-competitive with fossil fuels and natural gas will be available by 2005. Westinghouse, in an effort to further improve on the AP600's cost competitiveness, has developed the AP1000, a two-loop, 1000 MWe, advanced pressurized water reactor (PWR) with passive safety features and extensive plant simplifications to enhance the construction, operation, and maintenance. Like the AP600, the AP1000 uses proven technology that builds on over 30 years of operating PWR experience. Westinghouse has completed design studies that demonstrate that it is feasible to increase the power output of the AP600 to at least 1000 MWe, maintaining its current design configuration and licensing basis. To maximize the cost savings, the AP1000 has been designed within the space constraints of the AP600, while retaining the credibility of proven components and substantial safety margins. The affect on the plant's overnight cost of the increased major components that is required to uprate the AP600 to 1000 MWe is small. This overall cost addition is on the order of 11 percent, while the overall power increase is almost 80 percent. This paper describes the changes made to uprate the AP600 and gives an overview of the plant design. (author)

Ireland's Competitiveness Challenge 2011

OpenAIRE

2012-01-01

The NCC publishes two annual competitiveness reports. Ireland's Competitiveness Challenge focuses on the national competitiveness issues of most importance to the enterprise sector and identifies policy recommendations required to address these issues. The report focuses on pursuing policies to improve competitiveness, particularly those to reduce the cost base for enterprise, to enhance the performance of the entire education system, and to deliver meaningful public sector reform. Ireland's ...

Trade Liberalization and the Degree of Competition in International Duopoly

DEFF Research Database (Denmark)

Ashournia, Damoun; Hansen, Per Svejstrup; Hansen, Jonas Worm

2013-01-01

This paper analyzes how a reduction in trade costs influences the possibility for firms to engage in international cartels, and hence how trade liberalization affects the degree of competition. We consider a particular intra-industry trade model amended to allow for firms producing differentiated...... products. Our main finding is that trade liberalization may have an anti-competitive effect. We find that there is no unique relation between a reduction in trade costs and the degree of competition. When products are differentiated, a lowering of trade costs is pro-competitive if trade costs are initially...... high, but anti-competitive if trade costs initially are low. Hence, trade policy is not necessarily a substitute for competition policy...

Social Cost Assessment for Nuclear Fuel Cycle Options in the Republic of Korea

Energy Technology Data Exchange (ETDEWEB)

Joo, Ji-eun; Yim, Man-Sung [KAIST, Daejeon (Korea, Republic of)

2016-10-15

This paper will investigate the vast array of economic factors to estimate the true cost of the nuclear power. There are many studies addressing the external costs of energy production. However, it is only since the 1990s that the external costs of nuclear powered electricity production has been studied in detail. Each investigation has identified their own set of external costs and developed formulas and models using a variety of statistical techniques. The objective of this research is to broaden the scope of the parameters currently consider by adding new areas and expanding on the types of situations considered. Previously the approach to evaluating the external cost of nuclear power did not include various fuel cycle options and influencing parameters. Cost has always been a very important factor in decision-making, in particular for policy choices evaluating the alternative energy sources and electricity generation technologies. Assessment of external costs in support of decision-making should reflect timely consideration of important country specific policy objective. PWR-MOX and FR-Pyro are the best fuel cycle in parameter of environment impacts, but OT or OT-ER is proper than FR-Pyro in human beings. Using the OT fuel cycle is better than FR-Pyro to reduce the conflict cost. When energy supply is deficient, FR-Pyro fuel cycle stands longer than other fuel cycles. Proliferation resistance is shown as 'high' in all fuel cycles, so there are no difference between fuel cycles. When the severe accident occurs, FR-Pyro cycle is economical than other OT based fuel cycles.

How (Not) to Measure Competition

NARCIS (Netherlands)

Boone, J.; van Ours, J.C.; van der Wiel, H.P.

2007-01-01

We introduce a new measure of competition: the elasticity of a firm’s profits with respect to its cost level. A higher value of this profit elasticity (PE) signals more intense competi- tion. Using firm-level data we compare PE with the most popular competition measures such as the price cost margin

Strategies to address transition costs in the electricity industry

Energy Technology Data Exchange (ETDEWEB)

Baxter, L.; Hadley, S.; Hirst, E.

1996-07-01

Transition costs are the potential monetary losses that electric- utility shareholders, ratepayers, or other parties might experience because of structural changes in the electricity industry. Regulators, policy analysts, utilities, and consumer groups have proposed a number of strategies to address transition costs, such as immediately opening retail electricity markets or delaying retail competition. This report has 3 objectives: identify a wide range of strategies available to regulators and utilities; systematically examine effects of strategies; and identify potentially promising strategies that may provide benefits to more than one set of stakeholders. The many individual strategies are grouped into 6 major categories: market actions, depreciation options, rate-making actions, utility cost reductions, tax measures, and other options. Of the 34 individual strategies, retail ratepayers have primary or secondary responsibility for paying transition costs in 19 of the strategies, shareholders in 12, wheeling customers in 11, taxpayers in 8, and nonutility suppliers in 4. Most of the strategies shift costs among different segments of the economy, although utility cost reductions can be used to offset transition costs. Most of the strategies require cooperation of other parties, including regulators, to be implemented successfully; financial stakeholders must be engages in negotiations that hold the promise of shared benefits. Only by rejecting ``winner-take-all`` strategies will the transition-cost issue be expeditiously resolved.

Determination of leveled costs of electric generation for gas plants, coal and nuclear

International Nuclear Information System (INIS)

Alonso V, G.; Palacios H, J.C.; Ramirez S, J.R.; Gomez, A.

2005-01-01

The present work analyzes the leveled costs of electric generation for different types of nuclear reactors known as Generation III, these costs are compared with the leveled costs of electric generation of plants with the help of natural gas and coal. In the study several discount rates were used to determine their impact in the initial investment. The obtained results are comparable with similar studies and they show that it has more than enough the base of the leveled cost the nuclear option it is quite competitive in Mexico. Also in this study it is also thinks about the economic viability of a new nuclear power station in Mexico. (Author)

Combination of real options and game-theoretic approach in investment analysis

Science.gov (United States)

Arasteh, Abdollah

2016-09-01

Investments in technology create a large amount of capital investments by major companies. Assessing such investment projects is identified as critical to the efficient assignment of resources. Viewing investment projects as real options, this paper expands a method for assessing technology investment decisions in the linkage existence of uncertainty and competition. It combines the game-theoretic models of strategic market interactions with a real options approach. Several key characteristics underlie the model. First, our study shows how investment strategies rely on competitive interactions. Under the force of competition, firms hurry to exercise their options early. The resulting "hurry equilibrium" destroys the option value of waiting and involves violent investment behavior. Second, we get best investment policies and critical investment entrances. This suggests that integrating will be unavoidable in some information product markets. The model creates some new intuitions into the forces that shape market behavior as noticed in the information technology industry. It can be used to specify best investment policies for technology innovations and adoptions, multistage R&D, and investment projects in information technology.

Cost analysis of options for management of African Animal Trypanosomiasis using interventions targeted at cattle in Tororo District; south-eastern Uganda.

Science.gov (United States)

Muhanguzi, Dennis; Okello, Walter O; Kabasa, John D; Waiswa, Charles; Welburn, Susan C; Shaw, Alexandra P M

2015-07-22

Tsetse-transmitted African trypanosomes cause both nagana (African animal Trypanosomiasis-AAT) and sleeping sickness (human African Trypanosomiasis - HAT) across Sub-Saharan Africa. Vector control and chemotherapy are the contemporary methods of tsetse and trypanosomiasis control in this region. In most African countries, including Uganda, veterinary services have been decentralised and privatised. As a result, livestock keepers meet the costs of most of these services. To be sustainable, AAT control programs need to tailor tsetse control to the inelastic budgets of resource-poor small scale farmers. To guide the process of tsetse and AAT control toolkit selection, that now, more than ever before, needs to optimise resources, the costs of different tsetse and trypanosomiasis control options need to be determined. A detailed costing of the restricted application protocol (RAP) for African trypanosomiasis control in Tororo District was undertaken between June 2012 and December 2013. A full cost calculation approach was used; including all overheads, delivery costs, depreciation and netting out transfer payments to calculate the economic (societal) cost of the intervention. Calculations were undertaken in Microsoft Excel without incorporating probabilistic elements. The cost of delivering RAP to the project was US$ 6.89 per animal per year while that of 4 doses of a curative trypanocide per animal per year was US$ 5.69. However, effective tsetse control does not require the application of RAP to all animals. Protecting cattle from trypanosome infections by spraying 25%, 50% or 75% of all cattle in a village costs US$ 1.72, 3.45 and 5.17 per animal per year respectively. Alternatively, a year of a single dose of curative or prophylactic trypanocide treatment plus 50% RAP would cost US$ 4.87 and US$ 5.23 per animal per year. Pyrethroid insecticides and trypanocides cost 22.4 and 39.1% of the cost of RAP and chemotherapy respectively. Cost analyses of low cost tsetse

From Non-market Support to Cost-Competitive Incentives. Wind Energy Commercialization in China

Energy Technology Data Exchange (ETDEWEB)

Wenqiang, Liu; Xiliang, Zhang; Shuhua, Gu; Gan, Lin

1999-07-01

This paper presents an overview of the development of wind energy in China. By examining the economics of windfarm development, it compares the economics of wind technology with other conventional energy technologies and analyzes the role of alternative policy instruments. Meanwhile, it identifies the major constraints of wind technology development and the defects of current non-market support from the government. It shows that the development of wind power will be directly subject to rational policy change, incentive mechanisms and institutional framework building. Particular importance is paid to market incentives to reach the objectives of commercialization and industrialization of wind power. The paper recommends some cost-competitive incentive measure and policies to drive the wind power market. It concludes that promising market incentives to speed up the development of wind energy include: (i) establish market competition mechanisms through standard power purchase agreement; (ii) adjust tax policies and government subsidies; (iii) stimulate investment incentive policies and regulations; and (iv) change governmental institutions and management modes. (author)

78 FR 58354 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and...

Science.gov (United States)

2013-09-23

... AA classes based on several factors, including competitive forces and trading volume.\\3\\ The Exchange... electronically in additional Hybrid option classes. The Exchange believes this may result in more competitive pricing in IWM and other Hybrid option classes, which will promote just and equitable principles of trade...

Pengaruh Strategic Costing Sebagai Strategic Management Accounting Techniques Terhadap Competitive Advantage Dan Organizational Performance

OpenAIRE

Cynthia, Cynthia

2015-01-01

The purpose of this study was to test the affect of Strategic Costing on Organizational Performance through Competitive Advantage that acted as the intervening variable on manufacturing companies in Surabaya and Sidoarjo. The sample of this study was 50 manufacturing companies in Surabaya and Sidoarjo. The data was collected by distributing questionnaires to the companies. This study used path modeling analysis technique with PLS tools. The results from this study showed that there were posi...

Establishment of windows-based load management system for electricity cost savings in competitive electricity markets

International Nuclear Information System (INIS)

Chung, K.H.; Kim, B.H.; Hur, D.

2007-01-01

For electricity markets to function in a truly competitive and efficient manner, it is not enough to focus solely on improving the efficiencies of power supply. To recognize price-responsive load as a reliability resource, the customer must be provided with price signals and an instrument to respond to these signals, preferably automatically. This paper attempts to develop the Windows-based load management system in competitive electricity markets, allowing the user to monitor the current energy consumption or billing information, to analyze the historical data, and to implement the consumption strategy for cost savings with nine possible scenarios adopted. Finally, this modeling framework will serve as a template containing the basic concepts that any load management system should address. (author)

POEM is a cost-effective procedure: cost-utility analysis of endoscopic and surgical treatment options in the management of achalasia.

Science.gov (United States)

Miller, Heidi J; Neupane, Ruel; Fayezizadeh, Mojtaba; Majumder, Arnab; Marks, Jeffrey M

2017-04-01

Achalasia is a rare motility disorder of the esophagus. Treatment is palliative with the goal of symptom remission and slowing the progression of the disease. Treatment options include per oral endoscopic myotomy (POEM), laparoscopic Heller myotomy (LM) and endoscopic treatments such as pneumatic dilation (PD) and botulinum toxin type A injections (BI). We evaluate the economics and cost-effectiveness of treating achalasia. We performed cost analysis for POEM, LM, PD and BI at our institution from 2011 to 2015. Cost of LM was set to 1, and other procedures are presented as percentage change. Cost-effectiveness was calculated based on cost, number of interventions required for optimal results for dilations and injections and efficacy reported in the current literature. Incremental cost-effectiveness ratio was calculated by a cost-utility analysis using quality-adjusted life year gained, defined as a symptom-free year in a patient with achalasia. Average number of interventions required was 2.3 dilations or two injections for efficacies of 80 and 61 %, respectively. POEM cost 1.058 times the cost of LM, and PD and BI cost 0.559 and 0.448 times the cost of LM. Annual cost per cure over a period of 4 years for POEM, and LM were consistently equivalent, trending the same as PD although this has a lower initial cost. The cost per cure of BI remains stable over 3 years and then doubles. The cost-effectiveness of POEM and LM is equivalent. Myotomy, either surgical or endoscopic, is more cost-effective than BI due to high failure rates of the economical intervention. When treatment is being considered BI should be utilized in patients with less than 2-year life expectancy. Pneumatic dilations are cost-effective and are an acceptable approach to treatment of achalasia, although myotomy has a lower relapse rate and is cost-effective compared to PD after 2 years.

Competitive energy markets and nuclear power. Can we have both, do we want either?

International Nuclear Information System (INIS)

Thomas, Steve

2010-01-01

In 1987, the UK Conservative Party was re-elected promising to transform the electricity industry into a privatised competitive industry and to promote an expansion of nuclear power. Fulfilling both objectives was not possible. The nuclear plants were withdrawn from the sale and plans to build new plants were abandoned, but privatisation proceeded. In 2007, the Labour government began a new attempt to build nuclear plants to operate in the competitive electricity market, promising that no subsidies would be offered to them. By 2010, the utilities that were planning to build nuclear plants were beginning to suggest that 'support' in some form would be needed if they were to build new plants. More surprisingly, the energy regulator, Ofgem, cast doubt on whether a competitive wholesale electricity market would provide security of supply. In 1990, the UK government opted for a competitive electricity market over expanding nuclear power. Now, the option of opting for a competitive electricity market may not exist. However, this might not leave the way open for new nuclear plants. The expected cost of power from new nuclear plants is now so high that no more than one or two heavily subsidised plants will be built. (author)

Benefit/cost analysis of plutonium recycle options in the United States

International Nuclear Information System (INIS)

Lowenberg, H.; Burnham, J.B.; Fisher, F.; Ray, W.H.

1977-01-01

Predictable effects of the recycle of plutonium and uranium recovered from spent LWR fuels were assessed in a final environmental statement (GESMO). Five alternative dispositions of LWR-produced plutonium ranging from prompt recycle of recovered plutonium and uranium to no recovery and no recycle are compared. The assessments consider cumulative effects for the period 1975 through 2000, and are centered on a conservative low growth rate resulting in about 500 LWR's in the U.S. in 2000. A more optimistic growth projection resulting in about 800 LWR's in 2000 is also analyzed in order to assess the effects of industry size upon the impacts. Demands for fuel cycle services were calculated with an ERDA program, NUFUEL, which was modified to include penalties for 236 U and 242 Pu. Unit cost data, including a simulation of market place reaction to supply-demand functions for uranium costs, were combined with the NUFUEL demand data in an economics code, NUCOST. Environmental impacts were also based upon NUFUEL demand data and were developed using a model plant industry concept. Using the most likely unit costs with a 10% discount rate, present worth incentives for prompt recycle over no recycle of $3.2 billion for the lower growth and about $6 billion for the higher growth were indicated. Present worth costs of delays in recycle of up to 5 years were less than $1 billion. Sensitivity of the economic assessments to unit cost variations and discount rates were also evaluated. Environmental impacts other than radiological were lowest for prompt Pu recycle and highest for no recycle. Radiological impacts for the total world wide total body exposure from U.S. industry for the 26 year period were estimated to be: - No recycle-8.2 million person-rem; U only recycle-9.5 million person-rem; Pu and U recycle-8.8 million person-rem. Comparison of the decreased radiological impact of the no recycle option with its increased costs relative to prompt plutonium recycle resulted in a

Can Competition Keep the Restrooms Clean? Price, Quality and Spatial Competition

OpenAIRE

Pennerstorfer, Dieter

2017-01-01

This article investigates the influence of competition on price and product quality among Austrian camping sites, a market characterized by both horizontal (spatial) and vertical product differentiation. Theoretically, the effect of competition on quality is ambiguous and depends on the degree of cost substitutability between output and quality. Estimating a system of equations shows that intense competition has a positive impact on product quality and a negative effect on prices (conditional...

Price competition in procurement

International Nuclear Information System (INIS)

Keisler, J.M.; Buehring, W.A.

1996-07-01

When creating a private market to provide a public good, government agencies can influence the market's competitive characteristics. Markets have predictable, but often counterintuitive, behaviors. To succeed in applying available controls, and thereby reduce future costs, agencies must understand the behavior of the market. A model has been constructed to examine some issues in establishing competition for a structure in which there are economies of scale and government is obligated to purchase a fixed total quantity of a good. This model is used to demonstrate a way to estimate the cost savings from several alternative plans for a buyer exploring competitive procurement. The results are not and cannot be accurate for budgeting purposes; rather, they indicate the approximate magnitude of changes in cost that would be associated with changes in the market structure within which procurement occurs

Nuclear power in the competitive environment

International Nuclear Information System (INIS)

Schlissel, D.A.

1995-01-01

Nuclear power was originally promoted as being able to produce electricity that would be open-quotes too cheap to meter.close quotes However, large construction cost overruns and rapidly rising operating costs caused many nuclear power plants instead to be very expensive sources of electricity. As a result, many nuclear utilities will face increasing cost pressures in the future competitive environment from lower-cost producers. In fact, the threat to nuclear utilities is so severe that many industry analysts are projecting that more that $70 billion of the utilities' remaining investments in nuclear plants will be open-quotes stranded,close quotes i.e., unrecoverable in the competitive environment. Others in the industry have speculated that many of the 150 major U.S. electric utilities, a large number of which are nuclear, could be swept away by competition, leaving fewer than fifty utilities. This paper will examine how utilities are attempting to improve the cost competitiveness of operating today's nuclear power plants. It will also identify some of the potential consequences of competition for nuclear power and the regulatory role of the U.S. Nuclear Regulatory Commission (NRC). Finally, this paper will address how the changing power markets will affect the prospects for the next generation of nuclear power plants

An integrated TSP-GA with EOL cost model for selecting the best EOL option

OpenAIRE

Zakri Ghazalli; Atsuo Murata

2011-01-01

This paper presents our research works on integrating design for disassembly with cost model for end-of-life (EOL) product. This paper has two objectives. The first objective is to optimize disassembly sequence of the EOL product. We integrate a traveling salesman problem approach with genetic algorithm in finding the optimal disassembly sequence for disassembling the EOL product. Based on this optimal sequence, the second objective is to identify the best EOL option. We employ EOL profits an...

Information technology as a key enabler in preparing for competition: ComEd's Kincaid Generating Station, a work in progress

International Nuclear Information System (INIS)

Borth, F.C. III; Thompson, J.W.; Mishaga, J.M.

1996-01-01

Through ComEd Fossil (Generating) Division's Competitive Action Plan (CAP) evaluation changes have been identified which are necessary to improve generating station performance. These changes are intended to improve both station reliability and financial margins, and are essential for stations to be successful in a competitive marketplace. Plant upgrades, advanced equipment stewardship, and personnel reductions have been identified as necessary steps in achieving industry leadership and competitive advantage. To deal effectively with plant systems and contend in the competitive marketplace Information Technology (IT) solutions to business problems are being developed. Data acquisition, storage, and retrieval are being automated through use of state-of-the-art Data Historians. Total plant, high resolution, long term process information will be accessed through Local/Wide Area Networks (LAN/WAN) connections from desktop PC's. Generating unit Thermal Performance Monitors accessing the Data Historian will analyze plant and system performance enabling reductions in operating costs, and improvements in process control. As inputs to proactive maintenance toolsets this data allows anticipation of equipment service needs, advanced service scheduling, and cost/benefit analysis. The ultimate goal is to optimize repair needs with revenue generation. Advanced applications building upon these foundations will bring knowledge of the costs associated with all the products a generating station offers its customer(s). An overall design philosophy along with preliminary results is presented; these results include shortfalls, lessons learned, and future options

COMPETITION IN ROMANIAN BANKING SECTOR

Directory of Open Access Journals (Sweden)

Capraru Bogdan

2011-07-01

Full Text Available Recent turmoil in the global financial system has impacted severely on the banking sector with many banks suffering large losses and necessitating the need to raise additional capital privately or through their respective national governments. In our study we investigate the impact of structural reforms performed throughout the European Union (EU accession process on competition and contestability of banking systems in Romania. The literature of the measurement of competition can be divided into two major approaches: structural and non-structural. The structural approach to the assessment of competition embraces the Structure-Conduct-Performance Hypothesis (SCP and the Efficient Structure Hypothesis (ESH. The structural approach, as the name suggests, assesses bank competition by examining measures of market structure such as concentration ratios (the share of assets held by the top 3 or 5 institutions or indices (e.g., the Herfindhal-Hirschman index and supposes that higher concentration in the banking market causes less competitive bank conduct and leads to higher bank profitability. The SCP model is originally developed by Bain (1956. The second approach, ESH, developed by Demsetz (1973 and Peltzmann (1977 suggests that the superior performance of the market leaders determines the market structure, implying that higher efficiency produces both higher concentration and greater profitability. The non-structural indicators of competition are mainly based on the measures of monopoly power developed by Lerner (1934. The Lerner Index suggests the mark-up of price over marginal cost. An alternative non-structural indicator of the degree of market competition is the Panzar and Rosse (1987 H-statistic. The H-statistic measures the extent to which changes in banking costs are reflected in changes in banking revenues. In order to examine the level of competition and market power of banks in Romania for period 2003 - 2009, we estimate the non

Cost-effectiveness of nitrogen mitigation by alternative household wastewater management technologies.

Science.gov (United States)

Wood, Alison; Blackhurst, Michael; Hawkins, Troy; Xue, Xiaobo; Ashbolt, Nicholas; Garland, Jay

2015-03-01

Household wastewater, especially from conventional septic systems, is a major contributor to nitrogen pollution. Alternative household wastewater management technologies provide similar sewerage management services but their life cycle costs and nitrogen flow implications remain uncertain. This paper addresses two key questions: (1) what are the total costs, nitrogen mitigation potential, and cost-effectiveness of a range of conventional and alternative municipal wastewater treatment technologies, and (2) what uncertainties influence these outcomes and how can we improve our understanding of these technologies? We estimate a household nitrogen mass balance for various household wastewater treatment systems and combine this mass balance with life cycle cost assessment to calculate the cost-effectiveness of nitrogen mitigation, which we define as nitrogen removed from the local watershed. We apply our methods to Falmouth, MA, where failing septic systems have caused heightened eutrophication in local receiving water bodies. We find that flushing and dry (composting) urine-diversion toilets paired with conventional septic systems for greywater management demonstrate the lowest life cycle cost and highest cost-effectiveness (dollars per kilogram of nitrogen removed from the watershed). Composting toilets are also attractive options in some cases, particularly best-case nitrogen mitigation. Innovative/advanced septic systems designed for high-level nitrogen removal are cost-competitive options for newly constructed homes, except at their most expensive. A centralized wastewater treatment plant is the most expensive and least cost-effective option in all cases. Using a greywater recycling system with any treatment technology increases the cost without adding any nitrogen removal benefits. Sensitivity analysis shows that these results are robust considering a range of cases and uncertainties. Copyright © 2014 The Authors. Published by Elsevier Ltd.. All rights reserved.

Sustainablility of nuclear and non-nuclear energy supply options in Europe

International Nuclear Information System (INIS)

Kirchsteiger, C.

2007-01-01

In the course of the current discussion on promoting the economical competitiveness of sustainable energy systems, especially renewable and non-CO 2 -intensive ones, interest in nuclear energy has re-awakened in Europe (''nuclear renaissance''). This paper starts with presenting the concept of energy sustainability and its main elements. Next, an overview of the main results of sustainability assessments for different energy supply options (nuclear, fossil, renewables) covering full energy chains is given. Nuclear energy's typical strong and weak points are identified from a sustainability point of view. On the basis of these results, it is argued that more emphasis on nuclear energy's (very good) total cost performance, i.e. incl. externalities, rather than on its (very good) contribution to combating climate change would stronger benefit its ''renaissance''. Finally, the development of an overall EU-wide framework is proposed in order to assess the sustainability performance of alternative energy supply options, incl. nuclear, across their lifecycle and thus support decision making on developing sustainable energy mixes. (orig.)

Economic Analysis of Different Nuclear Fuel Cycle Options

International Nuclear Information System (INIS)

Ko, W.; Gao, F.

2012-01-01

An economic analysis has been performed to compare four nuclear fuel cycle options: a once-through cycle (OT), DUPIC recycling, thermal recycling using MOX fuel in a pressurized water reactor (PWR-MOX), and sodium fast reactor recycling employing pyro processing (Pyro-SFR). This comparison was made to suggest an economic competitive fuel cycle for the Republic of Korea. The fuel cycle cost (FCC) has been calculated based on the equilibrium material flows integrated with the unit cost of the fuel cycle components. The levelized fuel cycle costs (LFCC) have been derived in terms of mills/kWh for a fair comparison among the FCCs, and the results are as follows: OT 7.35 mills/kWh, DUPIC 9.06 mills/kWh, PUREX-MOX 8.94 mills/kWh, and Pyro-SFR 7.70 mills/kWh. Due to unavoidable uncertainties, a cost range has been applied to each unit cost, and an uncertainty study has been performed accordingly. A sensitivity analysis has also been carried out to obtain the break-even uranium price (215$/kgU) for the Pyro-SFR against the OT, which demonstrates that the deployment of the Pyro-SFR may be economical in the foreseeable future. The influence of pyro techniques on the LFCC has also been studied to determine at which level the potential advantages of Pyro-SFR can be realized.

On option purchase agreements for new generation capacity

International Nuclear Information System (INIS)

Ramesh, V.C.

1996-01-01

Given the increasing competition in the power generation sector, and the resulting uncertainty surrounding long-term investments in new generation projects, utilities are beginning to hedge their risks using financial instruments called options. The purpose of this paper is to explain, in a tutorial fashion, the issues involved in an option contract for new generation capacity (long-term firm energy). Particular emphasis is placed on the valuation of such options. The concepts are explained with illustrative examples

Cost modeling of biocontrol strains Pseudomonas chlororaphis and P. flurorescens for competitive exclusion of Salmonella enterica on tomatoes

Science.gov (United States)

Biological control of foodborne pathogens may complement postharvest intervention measures to enhance food safety of minimally processed produce. The purpose of this research was to develop cost model estimates for application of competitive exclusion process (CEM) using Pseudomonas chlororaphis and...

Developing a made-in-Canada climate change option

International Nuclear Information System (INIS)

Lakeman, B.

2002-01-01

A federal paper on Kyoto options served as a basis for this presentation. The author outlines the Alberta perspective on the federal options paper: (1) Alberta is impacted inequitably under all scenarios, (2) incomplete analysis, (3) export of Canadian capital, (4) open-ended liability, and (5) options need to reflect principles developed by Premiers and conveyed to Prime Minister in February. The principles for climate change action are: shared understanding of range of real costs, informed consultation, avoid competitive disadvantage, collaboration at all levels of government, no unreasonable share of the burden, encourage the use of new technology, Canadians need to be part of climate change solution, and focus on energy conservation and efficiency. The Alberta plan of action calls for a longer time frame and consultation with Albertans. With the topic of greenhouse gases (GHG), government leadership is required in the following areas: mandatory GHG reporting program, facilitate and negotiate agreements with key sectors, develop approach to emissions trading, and continue to pursue reductions in government operations. Some of the key initiatives include technology and innovation through the Alberta Energy Research Institute (AERI), build critical mass through partnerships, focus on clean hydrocarbon development and the transition to the hydrogen economy, carbon dioxide capture and storage, aggressive energy conservation, agricultural and forestry sinks, and adaptation. The consultation strategy is described. figs

Ireland’s Competitiveness Challenge 2014

OpenAIRE

2014-01-01

Ireland’s Competitiveness Challenge 2014, which is produced under the Action Plan for Jobs 2014, outlines the National Competitiveness Council’s view of the main competitiveness issues confronting the business sector in Ireland over the medium term, and sets out a series of policy responses required to address these challenges. Building on their earlier benchmarking of Irish competitiveness, the Council focus on six major themes in the 2014 report: addressing cost competitiveness; broadening ...

Strategy scenario selection in the competition of mobile ecosystems

OpenAIRE

Lee, Hyun Joo; Kim, Jin Ki

2013-01-01

Competition in the mobile market is centered on platforms, or operating systems, for smartphones. The current competition and market structure of the global mobile market has shifted to a competition among ecosystems that utilize the same mobile operating systems of the platform operators. This paper aims to answer those questions. The direction of competition in the smartphone industry is traced. This study tries to list the selectable strategy options for each major ecosystem. Then the stra...

Atmospheric Nitrogen Deposition Loadings to the Chesapeake Bay: An Initial Analysis of the Cost Effectiveness of Control Options (1996)

Science.gov (United States)

This report examines the cost effectiveness of control options which reduce nitrate deposition to the Chesapeake watershed and to the tidal Bay. The report analyzes current estimates of the reductions expected in the ozone transport region.

The pitfalls of capital budgeting : when costs correlate to oil price. Is the real-options approach superior to traditional valuation?

Energy Technology Data Exchange (ETDEWEB)

Schiozer, R.F. [Getulio Vargas Foundation, Sao Paolo (Brazil). School of Administration de Empresas; Costa Lima, G.A.; Suslick, S.B. [Unicamp, Campinas (Brazil). Center of Petroleum Studies

2007-07-01

Due to increased demand for drilling rigs, specialized labor force and other resources, the costs of exploration, appraisal, development and production have significantly risen over the last five years. The change in costs has mostly been attributed to the increased activity in the oil and gas exploration and production (EP) industry, as a result of the increase in oil prices. It was hypothesized that operating costs in the EP industry were strongly correlated to the price of oil. However, the correlation between prices and costs has traditionally been overlooked in the capital budgeting process. This paper investigated the economic relationship between oil price and the operating costs in the EP industry. It also explored its implications for the capital budgeting process and decision-making. The paper demonstrated the evaluation of projects under traditional net present value (NPV) and real-option approaches. Empirical evidence was also provided on how costs correlated to oil prices. The differences between project valuation when cost-price correlation was taken into account or not was also discussed. Last, findings, conclusions and general implications of the results obtained for the decision-making process were identified. It was concluded that there was a positive correlation between price and operating costs, and that overlooking this relationship would have significant implications on the valuation of investment projects, both using a traditional NPV methodology, which resulted in undervalued projects, and under real option analysis, which resulted in overvaluing projects. 6 refs., 2 tabs., 5 figs.

The pitfalls of capital budgeting : when costs correlate to oil price. Is the real-options approach superior to traditional valuation?

International Nuclear Information System (INIS)

Schiozer, R.F.; Costa Lima, G.A.; Suslick, S.B.

2007-01-01

Due to increased demand for drilling rigs, specialized labor force and other resources, the costs of exploration, appraisal, development and production have significantly risen over the last five years. The change in costs has mostly been attributed to the increased activity in the oil and gas exploration and production (EP) industry, as a result of the increase in oil prices. It was hypothesized that operating costs in the EP industry were strongly correlated to the price of oil. However, the correlation between prices and costs has traditionally been overlooked in the capital budgeting process. This paper investigated the economic relationship between oil price and the operating costs in the EP industry. It also explored its implications for the capital budgeting process and decision-making. The paper demonstrated the evaluation of projects under traditional net present value (NPV) and real-option approaches. Empirical evidence was also provided on how costs correlated to oil prices. The differences between project valuation when cost-price correlation was taken into account or not was also discussed. Last, findings, conclusions and general implications of the results obtained for the decision-making process were identified. It was concluded that there was a positive correlation between price and operating costs, and that overlooking this relationship would have significant implications on the valuation of investment projects, both using a traditional NPV methodology, which resulted in undervalued projects, and under real option analysis, which resulted in overvaluing projects. 6 refs., 2 tabs., 5 figs

Nuclear power generation in competition with other sources for base load electricity generation

International Nuclear Information System (INIS)

Notari, C.; Rey, F.C.

1996-01-01

The latest studies performed by OECD and IAEA on the subject were analyzed in order to clarify the international context. Nuclear, gas and coal are compared. The general conclusion is that nuclear power is competitive for electricity generation considering new plants to be commissioned around year 2000. If the discount rate is 5% per annum it is considered the best option in most of the countries included in the studies. If 10% is chosen the levelized costs favour the gas option. In the Argentine case, the analysis of possible plants for the near future shows a clear advantage for the gas projects. This is mainly due to the low capital costs and low local gas prices. The possible evolution of this situation is considered: gas prices will most probably increase because they should approach the price of fuel oil or diesel oil which are used as substitutes in winter for electricity generation and the export projects to Chile and Brasil will also push prices up. The environmental aspects of the question and its influence on regulations and costs is a matter of speculation. Some countries have already penalized greenhouse gases emissions but it is not clear how and when this trend will affect local prices. (author). 4 refs., 6 tabs

Pebble bed modular reactors versus other generation technologies. Costs and challenges for South Africa

International Nuclear Information System (INIS)

Grubert, Emily; Parks, Brian; Schneider, Erich; Sekar, Srinivas

2011-01-01

South Africa is Africa's major economy, with plans to double its electricity generation capacity by 2026. South Africa has spent almost two decades developing a nuclear reactor known as a Pebble Bed Modular Reactor (PBMR), which could provide substantial benefits to the electricity grid but was recently mothballed due to high costs. This work estimates the lifecycle financial costs of South African PBMRs, then compares these costs to those of five other generation options: coal, nuclear as pressurized water reactors (PWRs), wind, and solar as photovoltaics (PV) or concentrating solar power (CSP). Each technology is evaluated with low, base case, and high assumptions for capital costs, construction time, and interest rates. Decommissioning costs, project lifetime, capacity factors, and sensitivity to carbon price are also considered. PBMR could be cost competitive with coal under certain low cost conditions, even without a carbon price. However, international lending practices and other factors suggest that a high capital cost, high interest rate nuclear plant is likely to be competing with a low capital cost, low interest rate coal plant in a market where cost recovery is challenging. PBMR could potentially become more competitive if low rate international loans were available to nuclear projects or became unavailable to coal projects. (author)

Competitivity of biofuels in heating

International Nuclear Information System (INIS)

Flyktman, M.

1996-01-01

The competitivity of indigenous fuels in heating of residential houses in comparison with imported fuels, and both electricity and district heating, has been studied in this research, ordered by the Finnish Ministry of Trade and Industry. Heating plants of residential house scale (20-1000 kW) have been investigated in the research. Only the new heating plants are included in the investigation. The heat generation calculations concerning the residential heating plants have been made for following indigenous fuels: sod peat, fuel-chips, peat and wood pellets, firewood and straw. In addition to these, the calculations have been made for light fuel-oil, electric heating, district heating and natural gas. The local energy tariffs have to be taken into account in electric heating, district heating and natural gas heating. A calculation model, based on flowsheet calculation, forms the main result of the project. By using the model it is possible to update the competitivity data rapidly. Of all the indigenous fuels, sod peat and fuel-chips appeared to be competitive with electric and district heating costs in nearly all scales investigated. The construction of the heat generation costs of solid indigenous fuels differs remarkably from those of electric and district heating. The main part of the heating costs of wood chips and sod peat is formed of fixed costs; i.e. of investment costs and of the costs of heating and control work. The energy costs are the highest costs items in electric an district heating, as well as in the oil heating. It is possible to improve the competitivity of biofuels by developing cheaper boilers and fuel processing and storage devices

Competitive bidding in Medicare: who benefits from competition?

Science.gov (United States)

Song, Zirui; Landrum, Mary Beth; Chernew, Michael E

2012-09-01

To conduct the first empirical study of competitive bidding in Medicare. We analyzed 2006-2010 Medicare Advantage data from the Centers for Medicare and Medicaid Services using longitudinal models adjusted for market and plan characteristics. A $1 increase in Medicare's payment to health maintenance organization (HMO) plans led to a $0.49 (P service plans included, higher Medicare payments increased bids less ($0.33 per dollar), suggesting more competition among these latter plans. As a market-based alternative to cost control through administrative pricing, competitive bidding relies on private insurance plans proposing prices they are willing to accept for insuring a beneficiary. However, competition is imperfect in the Medicare bidding market. As much as half of every dollar in increased plan payment went to higher bids rather than to beneficiaries. While having more insurers in a market lowered bids, the design of any bidding system for Medicare should recognize this shortcoming of competition.

How competitive is nuclear energy?

International Nuclear Information System (INIS)

Keppler, J.H.

2010-01-01

The economic competitiveness of nuclear energy will be crucial for determining its future share in world electricity production. In addition, the widespread liberalization of power markets, in particular in OECD countries, reinforces the role of commercial criteria in technology selection . The recently published IEA/NEA study on Projected Costs of Generating Electricity: 2010 Edition (IEA/NEA, 2010) provides important indications regarding the relative competitiveness of nuclear energy in OECD member countries as well as in four non-OECD countries (Brazil, China, Russia and South Africa). The results highlight the paramount importance of discount rates and, to a lesser extent, carbon and fuel prices when comparing different technologies. Going beyond this general finding, the study also shows that the relative competitiveness of nuclear energy varies widely from one major region to another, and even from country to country. While the study provides a useful snapshot of the costs of generating electricity with different technologies, it does not provide an absolute picture of the competitiveness of nuclear energy. Like any study, Projected Costs of Generating Electricity makes a number of common assumptions about discount rates as well as carbon and fuel prices. In addition, its calculations are based on a methodology that is referred to as the levelised cost of electricity (LCOE), which assumes that all risks are included in the interest or discount rate, which determines the cost of capital. In other words, neither the electricity price risk for nuclear and renewables, nor the carbon and fuel price risk for fossil fuels such as coal and gas, receive specific consideration. The decisions of private investors, however, will depend to a large extent on their individual appreciations of these risks. The competitiveness of nuclear energy thus depends on three different factors which may vary greatly from market to market: interest rates, carbon and fuel prices, and

Perceived versus Actual Competitive Advantage

OpenAIRE

Langemeier, Michael R.; Yeager, Elizabeth

2014-01-01

This paper examined the relationship between farm characteristics and perceived sources of competitive advantage, and cost-based and revenue-based efficiency indices. Gross farm income and the percentage of labor devoted to crop production were significant and positively correlated with cost and revenue efficiency while the perception of the cowherd being the most important part of the operation was negatively correlated with efficiency. In general, perceived sources of competitive advantage ...

Understanding Consumer Preference Between Low Cost Airlines and Full Service Carriers : A Study on Consumer Choice and Decisions

OpenAIRE

Lee, Alex Hoong Onn

2008-01-01

The emergence of low cost or no frills airlines in last decade or so have posed considerable threat to the businesses of traditional full service airlines. The competition between the different type of airlines have changed the landscape of the airline industry tremendously and have provided air travelers with options which are unprecedented. The aim of this study is to understand consumer preference between low cost and full service airlines and to determine what are the motivations or facto...

Future survival requires competitive skills

International Nuclear Information System (INIS)

Adam, P.J.

1996-01-01

The companies that will succeed in the global power business in 25 years will be those that best understand the productivity implications of the current power game. In the competitive free market for electricity, the inefficient will be driven out. This will include the developer that is unable to achieve higher productivity in developing and financing projects, the engineer-constructor that longs for the old risk-free, cost-plus environment and the trading company that fails to enter into new relationships with the most productive companies in the world. Also in jeopardy will be the operator who can't reduce O and M costs and the manufacturer who is unable to control overhead or labor costs. Succeeding will be all about productivity. Free market competition drives productivity improvement. In a competitive environment, companies must operate at a more efficient level. The US learned this accidentally through the Public Utilities Regulatory Policies Act, getting us a side benefit of free market competition and lower electricity prices. In other countries the practice of socialism and its final bankruptcy forced adjustments to free market policies

FLEXIBLE BUDGET OF SPORT COMPETITIONS

Directory of Open Access Journals (Sweden)

Dragan Vukasović

2009-11-01

Full Text Available Manager of sport competition has right to decide and also to take responsibility for costs, income and financial results. From economic point of wiev flexible budget and planning cost calculations is top management base for analyzing success level of sport competition. Flexible budget is made before sport competition with few output level, where one is always from static plan-master plan. At the end of competition when we have results, we make report of plan executing and we also analyzing plan variances. Results of comparation between achieved and planning level of static budget can be acceptable if achieved level is approximate to budget level or if we analyzing results from gross or net income. Flexible budget become very important in case of world eco- nomic crises

Cost and CO2 aspects of future vehicle options in Europe under new energy policy scenarios

International Nuclear Information System (INIS)

Thiel, Christian; Perujo, Adolfo; Mercier, Arnaud

2010-01-01

New electrified vehicle concepts are about to enter the market in Europe. The expected gains in environmental performance for these new vehicle types are associated with higher technology costs. In parallel, the fuel efficiency of internal combustion engine vehicles and hybrids is continuously improved, which in turn advances their environmental performance but also leads to additional technology costs versus today's vehicles. The present study compares the well-to-wheel CO 2 emissions, costs and CO 2 abatement costs of generic European cars, including a gasoline vehicle, diesel vehicle, gasoline hybrid, diesel hybrid, plug in hybrid and battery electric vehicle. The predictive comparison is done for the snapshots 2010, 2020 and 2030 under a new energy policy scenario for Europe. The results of the study show clearly that the electrification of vehicles offer significant possibilities to reduce specific CO 2 emissions in road transport, when supported by adequate policies to decarbonise the electricity generation. Additional technology costs for electrified vehicle types are an issue in the beginning, but can go down to enable payback periods of less than 5 years and very competitive CO 2 abatement costs, provided that market barriers can be overcome through targeted policy support that mainly addresses their initial cost penalty. (author)

The Role of Special Operations Forces in Global Competition

Science.gov (United States)

2016-04-01

adversary to achieve its objectives. 10 Gray Zone and competition short of armed conflict The concept of a gray area between peace and war...and distract, or a prolific arsonist in a region may achieve all of the escalatory objectives. Summary of actions: global competition options For...place today. COMPETITION CONTROL/ ADVANTAGE U.S. NEAR PEER STATES ASPIRING STATES NON-STATE ACTORS D DOD NORTHCOM SOUTHCOM EUCOM AFRICOM CENTCOM

Analysis of future nuclear power plants competitiveness with stochastic methods

International Nuclear Information System (INIS)

Feretic, D.; Tomsic, Z.

2004-01-01

To satisfy the increased demand it is necessary to build new electrical power plants, which could in an optimal way meet, the imposed acceptability criteria. The main criteria are potential to supply the required energy, to supply this energy with minimal (or at least acceptable) costs, to satisfy licensing requirements and be acceptable to public. The main competitors for unlimited electricity production in next few decades are fossil power plants (coal and gas) and nuclear power plants. New renewable power plants (solar, wind, biomass) are also important but due to limited energy supply potential and high costs can be only supplement to the main generating units. Large hydropower plans would be competitive under condition of existence of suitable sites for construction of such plants. The paper describes the application of a stochastic method for comparing economic parameters of future electrical power generating systems including conventional and nuclear power plants. The method is applied to establish competitive specific investment costs of future nuclear power plants when compared with combined cycle gas fired units combined with wind electricity generators using best estimated and optimistic input data. The bases for economic comparison of potential options are plant life time levelized electricity generating costs. The purpose is to assess the uncertainty of several key performance and cost of electricity produced in coal fired power plant, gas fired power plant and nuclear power plant developing probability distribution of levelized price of electricity from different Power Plants, cumulative probability of levelized price of electricity for each technology and probability distribution of cost difference between the technologies. The key parameters evaluated include: levelized electrical energy cost USD/kWh,, discount rate, interest rate for credit repayment, rate of expected increase of fuel cost, plant investment cost , fuel cost , constant annual

Price competition on graphs

NARCIS (Netherlands)

Soetevent, A.R.

2010-01-01

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. I propose an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. One feature of graph models of price competition is that spatial

Competitive energy markets and nuclear power. Can we have both, do we want either?

Energy Technology Data Exchange (ETDEWEB)

Thomas, Steve [Public Services International Research Unit (PSIRU), Business School, University of Greenwich, 30 Park Row, London SE10 9LS (United Kingdom)

2010-09-15

In 1987, the UK Conservative Party was re-elected promising to transform the electricity industry into a privatised competitive industry and to promote an expansion of nuclear power. Fulfilling both objectives was not possible. The nuclear plants were withdrawn from the sale and plans to build new plants were abandoned, but privatisation proceeded. In 2007, the Labour government began a new attempt to build nuclear plants to operate in the competitive electricity market, promising that no subsidies would be offered to them. By 2010, the utilities that were planning to build nuclear plants were beginning to suggest that 'support' in some form would be needed if they were to build new plants. More surprisingly, the energy regulator, Ofgem, cast doubt on whether a competitive wholesale electricity market would provide security of supply. In 1990, the UK government opted for a competitive electricity market over expanding nuclear power. Now, the option of opting for a competitive electricity market may not exist. However, this might not leave the way open for new nuclear plants. The expected cost of power from new nuclear plants is now so high that no more than one or two heavily subsidised plants will be built. (author)

Competitive energy markets and nuclear power: Can we have both, do we want either?

Energy Technology Data Exchange (ETDEWEB)

Thomas, Steve, E-mail: Stephen.thomas@gre.ac.u [Public Services International Research Unit (PSIRU), Business School, University of Greenwich, 30 Park Row, London SE10 9LS (United Kingdom)

2010-09-15

In 1987, the UK Conservative Party was re-elected promising to transform the electricity industry into a privatised competitive industry and to promote an expansion of nuclear power. Fulfilling both objectives was not possible. The nuclear plants were withdrawn from the sale and plans to build new plants were abandoned, but privatisation proceeded. In 2007, the Labour government began a new attempt to build nuclear plants to operate in the competitive electricity market, promising that no subsidies would be offered to them. By 2010, the utilities that were planning to build nuclear plants were beginning to suggest that 'support' in some form would be needed if they were to build new plants. More surprisingly, the energy regulator, Ofgem, cast doubt on whether a competitive wholesale electricity market would provide security of supply. In 1990, the UK government opted for a competitive electricity market over expanding nuclear power. Now, the option of opting for a competitive electricity market may not exist. However, this might not leave the way open for new nuclear plants. The expected cost of power from new nuclear plants is now so high that no more than one or two heavily subsidised plants will be built.

Options for rural electrification in Arua District, Uganda

International Nuclear Information System (INIS)

Onzia, Joseph; Núñez Bosch, Osvaldo Manuel

2015-01-01

This study proposed a power generation system suitable for rural area application. The electrification options were proposed for secondary schools, health centres, households and trading centre loads using solar PV system, diesel fired generators, biogas co-fired diesel generators and grid extension. The study is based on simulation, modeling and optimization of renewable energy system. Designs for the options considered were based on the electricity demand and environmental conditions of Arua district. From the designs, capital costs for each option were determined. This was used in carrying out simulations in HOMER computer program to come up with the most cost effective options. Sensitivity analysis was carried out to determine the effects of variation in costs such as diesel price and capital cost of solar PV system.Based on simulation results, it has been found that the trading centre, with 500 kW of electrical demand, must be electrified using the grid extension. The breakeven grid distance is 75.1 km. Grid extension become cost effective compared to diesel generators and solar PV system within this distance. The load at household level ranges from as low as 16 W to 5 kW. For 103 W peak load, the most cost effective option was solar PV system. The second best option was biogas co-fired diesel generator. For schools and health centres with load of up to 15 kW, biogas co-fired generator is the best compared to the total cost of 18 kW diesel fired generator which is higher. Therefore, where biogas cannot be generated, diesel generators should be used. Based on the amount of pollutants produced, a biogas co-fired diesel generator is the best option. (full text)

Western Canada Sedimentary Basin competitiveness

International Nuclear Information System (INIS)

Millar, R.H.G.

1996-01-01

Recent dramatic expansion of the natural gas industry in the Western Canada Sedimentary Basin provided ample proof of the potential of this area for further development of natural gas supply. However, the inherent competitive advantages provided by the Western Canada Sedimentary Basin were said to have been offset by low netback prices resulting in poor producer economics when competitiveness is measured by availability of opportunities to find and develop gas supply at costs low enough to ensure attractive returns. Technology was identified as one of the key elements in improving basin competitiveness, but the greatest potential lies in reduced transportation costs and increased access to North American market centres. 8 figs

Electricity price and Southern California's water supply options

Energy Technology Data Exchange (ETDEWEB)

Dale, Larry [Lawrence Berkeley National Laboratory, Camilla Dunham Whitehead, Andre Fargeix, Golden Gate Economics, 1 Cycltron Road, Berkeley, CA 94720 (United States)

2004-11-01

This paper evaluates the impact of fluctuating electricity prices on the cost of five options to increase the water supply to urban areas in Southern California-new surface storage, water purchases, desalination, wastewater recycling, and conservation.We show that the price of electricity required to produce and transport water influences the cost of water supply options and may alter the decision makers economic ranking of these options. When electricity prices are low, water purchase is the cost effective option. When prices exceed US$ 86/MWh, conservation of electricity and water through installation of high efficiency clothes washers is the most effective option.

Option pricing: a flexible tool to disseminate shared savings contracts.

Science.gov (United States)

Friedberg, Mark W; Buendia, Anthony M; Lauderdale, Katherine E; Hussey, Peter S

2013-08-01

Due to volatility in healthcare costs, shared savings contracts can create systematic financial losses for payers, especially when contracting with smaller providers. To improve the business case for shared savings, we calculated the prices of financial options that payers can "sell" to providers to offset these losses. Using 2009 to 2010 member-level total cost of care data from a large commercial health plan, we calculated option prices by applying a bootstrap simulation procedure. We repeated these simulations for providers of sizes ranging from 500 to 60,000 patients and for shared savings contracts with and without key design features (minimum savings thresholds,bonus caps, cost outlier truncation, and downside risk) and under assumptions of zero, 1%, and 2% real cost reductions due to the shared savings contracts. Assuming no real cost reduction and a 50% shared savings rate, per patient option prices ranged from $225 (3.1% of overall costs) for 500-patient providers to $23 (0.3%) for 60,000-patient providers. Introducing minimum savings thresholds, bonus caps, cost outlier truncation, and downside risk reduced these option prices. Option prices were highly sensitive to the magnitude of real cost reductions. If shared savings contracts cause 2% reductions in total costs, option prices fall to zero for all but the smallest providers. Calculating the prices of financial options that protect payers and providers from downside risk can inject flexibility into shared savings contracts, extend such contracts to smaller providers, and clarify the tradeoffs between different contract designs, potentially speeding the dissemination of shared savings.

Future Market Share of Space Solar Electric Power Under Open Competition

Science.gov (United States)

Smith, S. J.; Mahasenan, N.; Clarke, J. F.; Edmonds, J. A.

2002-01-01

This paper assesses the value of Space Solar Power deployed under market competition with a full suite of alternative energy technologies over the 21st century. Our approach is to analyze the future energy system under a number of different scenarios that span a wide range of possible future demographic, socio-economic, and technological developments. Scenarios both with, and without, carbon dioxide concentration stabilization policies are considered. We use the comprehensive set of scenarios created for the Intergovernmental Panel on Climate Change Special Report on Emissions Scenarios (Nakicenovic and Swart 2000). The focus of our analysis will be the cost of electric generation. Cost is particularly important when considering electric generation since the type of generation is, from a practical point of view, largely irrelevant to the end-user. This means that different electricity generation technologies must compete on the basis of price. It is important to note, however, that even a technology that is more expensive than average can contribute to the overall generation mix due to geographical and economic heterogeneity (Clarke and Edmonds 1993). This type of competition is a central assumption of the modeling approach used here. Our analysis suggests that, under conditions of full competition of all available technologies, Space Solar Power at 7 cents per kW-hr could comprise 5-10% of global electric generation by the end of the century, with a global total generation of 10,000 TW-hr. The generation share of Space Solar Power is limited due to competition with lower-cost nuclear, biomass, and terrestrial solar PV and wind. The imposition of a carbon constraint does not significantly increase the total amount of power generated by Space Solar Power in cases where a full range of advanced electric generation technologies are also available. Potential constraints on the availability of these other electric generation options can increase the amount of

Fuel options for oil sands

International Nuclear Information System (INIS)

Wise, T.

2005-01-01

This presentation examined fuel options in relation to oil sands production. Options include steam and hydrogen (H 2 ) for upgrading; natural gas by pipeline; bitumen; petroleum coke; and coal. Various cost drivers were also considered for each of the fuel options. It was noted that natural gas has high energy value but the capital cost is low, and that coke's energy value is very low but the capital cost is high. A chart forecasting energy prices was presented. The disposition of Western Canada's northern gas situation was presented. Issues concerning rail transportation for coal were considered. Environmental concerns were also examined. A chart of typical gas requirements for 75,000 B/D oil sands projects was presented. Issues concerning steam generation with gas and mining cogeneration with gas fuel and steam turbines were discussed, as well as cogeneration and H 2 with gas fuels and steam turbines. Various technology and fuel utility options were examined, along with details of equipment and processes. Boiler technologies were reviewed by type as well as fuel and steam quality and pressure. Charts of cogeneration with gas turbine and circulation fluid bed boilers were presented. Gasification processes were reviewed and a supply cost basis was examined. Cost drivers were ranked according to energy, operating considerations and capital investment. Results indicated that fuel costs were significant for gas and coal. Capital costs and capital recovery charge was most significant with coal and gasification technology. Without capital recovery, cash costs favour the use of bitumen and coke. Gasification would need lower capital and lower capital recovery to compete with direct burning. It was concluded that direct burning of bitumen can compete with natural gas. With price volatility anticipated, dual fuel capability for bitumen and gas has merit. Petroleum coke can be produced or retrieved from stockpiles. Utility supply costs of direct burning of coke is

Federal uranium-enrichment program and the criteria and full-cost-recovery requirements of Section 161 of the Atomic Energy Act

International Nuclear Information System (INIS)

Montange, C.H.

1987-01-01

DOE operates the US uranium enrichment business, which makes it responsible for the reliable supply of nuclear fuel to most US nuclear utilities as well as to many in other countries. Questions have arisen about DOE's compliance with key legal provisions and DOE's future as a reliable and competitive supplier of enrichment services. An overview of the implications of the loss of the US monopoly and the declining market also shows how demand forecasts erred. The author traces the historical development of DOE's monopoly and the shift toward policies encouraging private ownership. The three pricing options available to DOE are to price above cost (i.e., for profit), below (i.e., subsidize), or at cost. Current law requires pricing at cost. The other options will require political and economic policy changes

Default options and social welfare : Opt in versus opt out

NARCIS (Netherlands)

Bouckaert, J.M.C.; Degryse, H.A.

2013-01-01

We offer a social-welfare comparison of the two most prominent default options – opt in and opt out – using a two-period model of localized competition. We demonstrate that when consumers stick to the default option, the prevailing default policy shapes firms' ability to collect and use customer

Competition in generation: The economic foundations

International Nuclear Information System (INIS)

Green, R.

2000-01-01

This paper sets out the economic foundations that underlie competitive markets in electricity generation. It moves from a general formulation of a competitive market to discuss traditional models of optimal electricity pricing. It shows how an auction market can produce the same results and discusses the option of bilateral trading. Models of market power, which can lead to higher prices and reduced efficiency, are then discussed. The final part of the paper deals with network effects

Making concentrated solar power competitive with coal: The costs of a European feed-in tariff

International Nuclear Information System (INIS)

Williges, Keith; Lilliestam, Johan; Patt, Anthony

2010-01-01

The European Union has yet to determine how exactly to reach its greenhouse gas emissions targets for the future. One potential answer involves large-scale development of concentrated solar power (CSP) in the North African region, transmitting the power to Europe. CSP is a relatively young and little utilized technology and is expensive when compared to other methods of generation. Feasibility studies have shown it is possible to generate enough power from CSP plants in Africa to spearhead the EUs climate goals. However, the costs of such a project are less well known. Currently, CSP must compete with low cost coal-fired electricity plants, severely hindering development. We examine the possible investment costs required for North African CSP levelized electricity cost to equal those of coal-fired plants and the potential subsidy costs needed to encourage growth until the technologies reach price parity. We also examine the sensitivity of investment and subsidies to changes in key factors. We find that estimates of subsidy amounts are reasonable for the EU and that sensitivity to such factors as perceived risk and learning rates would enable policy-makers to positively influence the cost of subsidies and time required for CSP to be competitive with coal.

Public opinion on water reuse options

International Nuclear Information System (INIS)

Bruvold, W.H.

1988-01-01

Public policy on waste water reuse options must be informed by public opinion because it is the public who must pay the cost of developing the option and who will be served by the option in the future. For public policy on reuse, guidance for innovative reuse is not as simple as first believed. It seems that public opinion regarding actual community reuse options is affected by the linkage of several factors, including water conservation, health protection, treatment and distribution costs, and environmental enhancement. Probability sampling was used in 7 studies to select respondents who were queried regarding their opinions on various reclaimed water uses such as ranging from cooling tower water to full domestic use. These 7 are briefly reviewed

The Evolution of U.S. Airline Competition

OpenAIRE

Severin Borenstein

1992-01-01

The next section reviews the evolution of the domestic airline industry since the late 1970s, when it was abruptly freed from most regulatory constraints on pricing, entry, and exit. (International air travel is considered here only as it relates to competition in the domestic industry.) The following sections will examine structure issues and strategic developments in airline competition and discuss public policy options in dealing with the airline industry.

Prospects for competitive nuclear power into the 21st century

International Nuclear Information System (INIS)

Shapar, H.K.; Sasaki, T.; Thexton, H.E.

1986-10-01

Nuclear power stations committed today will be commissioned in the mid- to late-1990s and will operate for most of their lives in the 21st century. Utilities considering the nuclear option for new increments of capacity are, therefore, required to make judgements now on the competitiveness of nuclear plants well beyond the turn of the century. Reactors committed for mid-1990 startup could have a lifetime competitive cost advantage of 20% to 80% over coal-fired plants in most NEA areas studied except for some parts of North America where low cost coal is available. Nuclear plants would retain an economic advantage in most countries even if they were to be used for load-following with resultant lifetime capacity (load) factors as low as about 60% (or even lower in many countries). Uranium resources are sufficiently large that fuel supply should not constrain nuclear power development well into the 21st century, as long as uranium prices provide a market incentive for continued exploration and mine development. Uranium prices seem unlikely to rise to a level which would remove nuclear's advantage within the next several decades. There is apparently no technological reason why the ''back-end'' of the fuel cycle (spent fuel transportation, storage, reprocessing and disposal of high level waste) and decommissioning of reactors should constrain further deployment of nuclear power. While the costs of these activities appear high in absolute terms, they will be relatively low per unit of electricity generated. Thus, even though there remain uncertainties regarding these future costs, they should have little impact on electricity consumers. (author)

Competitive Pressures and Transition to Entrepreneurship

DEFF Research Database (Denmark)

Failla, Virgilio; Melillo, Francesca; Reichstein, Toke

This paper investigates whether the likelihood of entrepreneurial activity is associated with the competitive pressures for promotion within a firm. We argue that competitive pressures increase the relative attractiveness of entrepreneurship as a career option. We test our prediction using...... a comprehensive matched employer-employee longitudinal data set from Denmark. To mitigate endogeneity concerns, we exploit variation in the gender composition of established firms as women are systematically found to be less competitive than man. We find that workers are more likely to become entrepreneurs...... to entrepreneurship has a positive non-linear effect. Our results have strong implications for managers, prospect entrepreneurs and policy makers....

Local competition increases people’s willingness to harm others

DEFF Research Database (Denmark)

Barker, Jessie; Barclay, Pat

2016-01-01

Why should organisms incur a cost in order to inflict a (usually greater) cost on others? Such costly harming behavior may be favored when competition for resources occurs locally, because it increases individuals' fitness relative to close competitors. However, there is no explicit experimental...... evidence supporting the prediction that people are more willing to harm others under local versus global competition. We illustrate this prediction with a game theoretic model, and then test it in a series of economic games. In these experiments, players could spend money to make others lose more. We...... manipulated the scale of competition by awarding cash prizes to the players with the highest payoffs per set of social partners (local competition) or in all the participants in a session (global competition). We found that, as predicted, people were more harmful to others when competition was local (study 1...

Household Rates of Return to Education in Rural Bangladesh: Accounting for Direct Costs, Child Labour, and Option Value

Science.gov (United States)

Shafiq, M. Najeeb

2007-01-01

This study estimates the returns to boys' education for rural Bangladeshi households by accounting for some conventionally neglected items: direct costs of education, foregone child labour earnings, and option value. The estimated returns are 13.5% for primary education, 7.8% for junior-secondary education, 12.9% for higher-secondary education,…

Impact of the Nuclear Option on the Environment and the Economy

International Nuclear Information System (INIS)

Rohatgi, Upendra S.; Jo, Jae H.; Lee, John C.; Bari, Robert A.

2002-01-01

The impact of the nuclear option in the national energy outlook on the environment and the U.S. economy is analyzed with the MARKAL-MACRO energy systems computer code. The base case projection by the U.S. Energy Information Administration is the starting point for this study. The possibility of license renewal of the current fleet of U.S. nuclear power plants is considered as well as the introduction of cost-competitive advanced light water reactors. Electricity energy sector projections for fossil fuel plants, renewable energy sources, and nuclear power plants are analyzed on a least cost basis. The impact of constraints on the emissions of greenhouse gases is included in the analysis. It is found that it would be economically favorable to introduce as many as 300 additional nuclear power plants in the United States by the year 2025 to meet emission constraints of limiting emission to the 1990 level in the years beyond 2010

The Strategic Options of Supreme Audit Institutions

DEFF Research Database (Denmark)

Klarskov Jeppesen, Kim; Carrington, Thomas; Catasús, Bino

2017-01-01

Based on the theory of professional competition, this paper identifies and investigates four strategic options of supreme audit institutions (SAIs) through a case study of four Nordic national audit offices: a performance auditing strategy; a financial auditing strategy; a portfolio strategy...

Status of feasibility study for various technical options of FBR systems

International Nuclear Information System (INIS)

Kani, Yoshio

2000-01-01

JNC (Japan Nuclear Cycle Development Institute) has started a new research project of feasibility studies (F/S) for a wide variety option of fast breeder reactor (FBR) and related fuel cycle in order to develop an economically competitive FBR cycle system fro commercialization. JNC and the electric untilities in Japan have established a new organization in JNC to perform the F/S since July 1, 1999. The organization has undertaken feasibility studies (F/S) in order to determine promising FBR cycle concepts and define necessary RandD tasks. The long-term targets of commercialized FBR cycle system are set as ensuring safety, economic competitiveness relative to future LWRs, efficient utilization of resources, reduction in environmental burden, and enhancement of nuclear non-proliferation. This paper describes the progress of design studies for a wide variety of technical options of FBR plants in the framework of the F/S. We make efforts towards considering all key issues so as not to fail to notice the best concept in a commercialized stage. In the study of technical options, the identified coolant types are sodium, heavy metal (lead and lead-bismuth), gas (carbon dioxide and helium ) and water (boiling water, pressurized water and supercritical water). The classified types of fuel are mixed oxide, nitride and metal. Design studies of small size modular plant concepts are also performed. We study many reactor concepts in combination with a coolant type and a fuel type, understand characteristics of each reactor concept based on our experience and an extensive survey of literature, and make a draft design of each reactor concept for rough estimation of construction costs. We also check how far the concept accomplishes each index (safety, economy, resource utilization, etc.) of design requirements, and will select several promising reactor concepts. (author)

Economic assumptions for evaluating reactor-related options for managing plutonium

International Nuclear Information System (INIS)

Rothwell, G.

1996-01-01

This paper discusses the economic assumptions in the U.S. National Academy of Sciences' report, Management and Disposition of Excess Weapons Plutonium: Reactor-Related Options (1995). It reviews the Net Present Value approach for discounting and comparing the costs and benefits of reactor-related options. It argues that because risks associated with the returns to plutonium management are unlikely to be constant over time, it is preferable to use a real risk-free rate to discount cash flows and explicitly describe the probability distributions for costs and benefits, allowing decision makers to determine the risk premium of each option. As a baseline for comparison, it assumes that one economic benefit of changing the current plutonium management system is a reduction in on-going Surveillance and Maintenance (S and M) costs. This reduction in the present value of S and M costs can be compared with the discounted costs of each option. These costs include direct construction costs, indirect costs, operating costs minus revenues, and decontamination and decommissioning expenses. The paper also discusses how to conduct an uncertainty analysis. It finishes by summarizing conclusions and recommendations and discusses how these recommendations might apply to the evaluation of Russian plutonium management options. (author)

Is nuclear power competitive

International Nuclear Information System (INIS)

Brandfon, W.W.

1984-01-01

The first phase of a two-phase study of the competitiveness of electricity from new coal and nuclear plants with oil and natural gas in common markets concludes that, with few exceptions throughout the country, overall levelized nuclear generating cost could be lower than coal generating costs by more than 40%. The study shows a wider margin of economic superiority for nuclear than has been seen in other recent studies. Capital and fuel costs are the major determinants of relative nuclear and coal economics. The only substantial difference in the input assumptions has related to a shorter lead time for both coal and nuclear units, which reduces capital costs. The study gives substance to the charge that delaying tactics by intervenors and an unstable licensing environment drove up lifetime costs of both coal and nuclear plants. This caused an increase in electric rates and affected the entire economy. The study shows that nuclear power is competitive when large baseload capacity is required. 14 figures

Does competition influence safety?

International Nuclear Information System (INIS)

Pamme, H.

2000-01-01

Competition in the deregulated electricity market does not leave nuclear power plants unaffected. Operators seek to run their plants at maximum availability and with optimized cost structures so that specific generating costs are minimized. The 'costs of safety', with their fixed-cost character, are elements of this cost structure. Hence the question whether safety is going to suffer under the cost pressure on the market. The study shows that the process of economic optimization does not permit cost minimization for its own sake in the area of operating costs which can be influenced by management or are 'avoidable'. The basis of assessment rather must be potential risks which could entail losses of availability. Prophylactic investments made in order to avoid losses of availability to a large extent also imply unchanged or even higher levels of safety. Economic viability and safety thus are closely correlated. Competition in a deregulated marekt so far has not done any direct harm to plant safety. An even more efficient use of scarce funds and, hopefully, a tolerable political environment should allow the safety level of nuclear power plants to be upheld, and safety culture to be maintained, also in the future. (orig.) [de

Activity-based costing of canned and processed foods businesses in Thailand: effects on organizational development, business competitiveness and corporate success

OpenAIRE

Ussahawanitchakit,Phaprukbaramee

2017-01-01

This study aims at investigating the relationships among activity-based costing, organizational development, business competitiveness, and corporate success of canned and processed foods businesses in Thailand. In this study, 142 canned and processed foods businesses in Thailand are the samples of the study. Structural equation model (SEM) was employed to test the research relationships. The research results indicate that activity-based costing positively leads to organizational development a...

The effect of counter-trading on competition in electricity markets

International Nuclear Information System (INIS)

Dijk, Justin; Willems, Bert

2011-01-01

In a competitive electricity market, nodal pricing is the most efficient way to manage congestion. Counter-trading is inefficient as it gives the wrong long term signals for entry and exit of power plants. However, in a non-competitive market, additional entry will improve the competitiveness of the market, and will increase social benefit by reducing price-cost margins. This paper studies whether the potential pro-competitive entry effects could make counter-trading more efficient than nodal pricing. We find that this is unlikely to be the case, and expect counter-trading to have a negative effect on overall welfare. The potential benefits of additional competition (more competitive prices and lower production cost) do not outweigh the distortions (additional investment cost for the entrant, and socialization of the congestion cost to final consumers). - Research highlights: → 'Counter-trading' and 'nodal pricing' manage congestion in electric grids. → Nodal pricing gives superior locational prices. → Counter-trading induces extra investments in regions with a production surplus. → Extra investments improve competition, but are expected to be socially inefficient.

Expensing options solves nothing.

Science.gov (United States)

Sahlman, William A

2002-12-01

The use of stock options for executive compensation has become a lightning rod for public anger, and it's easy to see why. Many top executives grew hugely rich on the back of the gains they made on their options, profits they've been able to keep even as the value they were supposed to create disappeared. The supposed scam works like this: Current accounting regulations let companies ignore the cost of option grants on their income statements, so they can award valuable option packages without affecting reported earnings. Not charging the cost of the grants supposedly leads to overstated earnings, which purportedly translate into unrealistically high share prices, permitting top executives to realize big gains when they exercise their options. If an accounting anomaly is the problem, then the solution seems obvious: Write off executive share options against the current year's revenues. The trouble is, Sahlman writes, expensing option grants won't give us a more accurate view of earnings, won't add any information not already included in the financial statements, and won't even lead to equal treatment of different forms of executive pay. Far worse, expensing evades the real issue, which is whether compensation (options and other-wise) does what it's supposed to do--namely, help a company recruit, retain, and provide the right people with appropriate performance incentives. Any performance-based compensation system has the potential to encourage cheating. Only ethical management, sensible governance, adequate internal control systems, and comprehensive disclosure will save the investor from disaster. If, Sahlman warns, we pass laws that require the expensing of options, thinking that's fixed the fundamental flaws in corporate America's accounting, we will have missed a golden opportunity to focus on the much more extensive defects in the present system.

Market-oriented health care reforms: trends and future options.

Science.gov (United States)

van de Ven, W P

1996-09-01

In many (predominantly) publicly financed health care systems market-oriented health care reforms are being implemented or have been proposed. The purpose of these reforms is to make resource allocation in health care more efficient, more innovative and more responsive to consumers preferences while maintaining equity. At the same time, the advances in technology result in a divergence of consumers' preferences with respect to health care and urge society to (re)think about the meaning of the solidarity principle in health care. In this paper we indicate some international trends in health care reforms and explore some potential future options. From an international perspective we can observe a trend towards universal mandatory health insurance, contracts between third-party purchasers and the providers of care, competition among providers of care and a strengthening of primary care. These trends can be expected to continue. A more controversial issue is whether there should also be competition among the third-party purchasers and whether in the long run there will occur a convergence towards some "ideal" model. Although regulated competition in health care can be expected to yield more value for money, it might yield both more efficiency and higher total costs. It has been argued that equity can be maintained in a competitive health care system if we interpret equity as "equal access to cost-effective care within a reasonable period of time". Because the effectiveness of care has to be considered in relation to the medical indication and the condition of the patient, the responsibility for cost-effective care rests primarily with the providers of care. Guidelines and protocols should be developed by the profession and sustained by financial incentives embedded in contracts. It has been argued that the third-party purchasers could start to concentrate on the contracts with the primary care physicians. Contracts with other providers could then be a natural

Tank Space Options Report

International Nuclear Information System (INIS)

BOYLES, V.C.

2001-01-01

A risk-based priority for the retrieval of Hanford Site waste from the 149 single-shell tanks (SSTs) has been adopted as a result of changes to the Hanford Federal Facility Agreement and Consent Order (HFFACO) (Ecology et al. 1997) negotiated in 2000. Retrieval of the first three tanks in the retrieval sequence fills available capacity in the double-shell tanks (DSTs) by 2007. As a result, the HFFACO change established a milestone (M-45-12-TO1) requiring the determination of options that could increase waste storage capacity for single-shell tank waste retrieval. The information will be considered in future negotiations. This document fulfills the milestone requirement. This study presents options that were reviewed for the purpose of increasing waste storage capacity. Eight options are identified that have the potential for increasing capacity from 5 to 10 million gallons, thus allowing uninterrupted single-shell tank retrieval until the planned Waste Treatment Plant begins processing substantial volumes of waste from the double-shell tanks in 2009. The cost of implementing these options is estimated to range from less than $1 per gallon to more than $14 per gallon. Construction of new double-shell tanks is estimated to cost about $63 per gallon. Providing 5 to 10 million gallons of available double-shell tank space could enable early retrieval of 5 to 9 high-risk single-shell tanks beyond those identified for retrieval by 2007. These tanks are A-101, AX-101, AX-103, BY-102, C-107, S-105, S-106, S-108, and S-109 (Garfield et al. 2000). This represents a potential to retrieve approximately 14 million total curies, including 3,200 curies of long-lived mobile radionuclides. The results of the study reflect qualitative analyses conducted to identify promising options. The estimated costs are rough-order-of magnitude and, therefore, subject to change. Implementing some of the options would represent a departure from the current baseline and may adversely impact the

Public healthcare interests require strict competition enforcement.

Science.gov (United States)

Loozen, Edith M H

2015-07-01

Several countries have introduced competition in their health systems in order to maintain the supply of high quality health care in a cost-effective manner. The introduction of competition triggers competition enforcement. Since healthcare is characterized by specific market failures, many favor healthcare-specific competition enforcement in order not only to account for the competition interest, but also for the healthcare interests. The question is whether healthcare systems based on competition can succeed when competition enforcement deviates from standard practice. This paper analyzes whether healthcare-specific competition enforcement is theoretically sound and practically effective. This is exemplified by the Dutch system that is based on regulated competition and thus crucially depends on getting competition enforcement right. Governments are responsible for correcting market failures. Markets are responsible for maximizing the public healthcare interests. By securing sufficient competitive pressure, competition enforcement makes sure they do. When interpreted according to welfare-economics, competition law takes into account both costs and benefits specific market behavior may have for healthcare. Competition agencies and judiciary are not legitimized to deviate from standard evidentiary requirements. Dutch case law shows that healthcare-specific enforcement favors the healthcare undertakings concerned, but to the detriment of public health care. Healthcare-specific competition enforcement is conceptually flawed and counterproductive. In order for healthcare systems based on competition to succeed, competition enforcement should be strict. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

Does market competition explain fairness?

Science.gov (United States)

Descioli, Peter

2013-02-01

The target article by Baumard et al. uses their previous model of bargaining with outside options to explain fairness and other features of human sociality. This theory implies that fairness judgments are determined by supply and demand but humans often perceive prices (divisions of surplus) in competitive markets to be unfair.

Valuing of research project in energy field with real options

International Nuclear Information System (INIS)

De Blasio, N.; Marzo, G.; Turatto, R.

2008-01-01

This article presents an application of real options theory for valuing a research project in the field of stranded gas valorisation. After a presentation of the theory, the analysis addresses the use of real options evaluation for generating alternative pathways in order to add new value to the R D projects. It also shows how real option approach may be important for selecting among competitive projects, but also for providing a system for valorisation of decision-maker flexibility [it

Wind power integration using individual heat pumps – Analysis of different heat storage options

DEFF Research Database (Denmark)

Hedegaard, Karsten; Mathiesen, Brian Vad; Lund, Henrik

2012-01-01

Significant installations of individual heat pumps are expected in future energy systems due to their economic competitiveness. This case study of the Danish energy system in 2020 with 50% wind power shows that individual heat pumps and heat storages can contribute to the integration of wind power....... Heat accumulation tanks and passive heat storage in the construction are investigated as two alternative storage options in terms of their ability to increase wind power utilisation and to provide cost-effective fuel savings. Results show that passive heat storage can enable equivalent to larger...... reductions in excess electricity production and fuel consumption than heat accumulation tanks. Moreover, passive heat storage is found to be significantly more cost-effective than heat accumulation tanks. In terms of reducing fuel consumption of the energy system, the installation of heat pumps is the most...

Prevention of mother-to-child transmission of HIV: cost-effectiveness of antiretroviral regimens and feeding options in Rwanda.

Directory of Open Access Journals (Sweden)

Agnes Binagwaho

Full Text Available Rwanda's National PMTCT program aims to achieve elimination of new HIV infections in children by 2015. In November 2010, Rwanda adopted the WHO 2010 ARV guidelines for PMTCT recommending Option B (HAART for all HIV-positive pregnant women extended throughout breastfeeding and discontinued (short course-HAART only for those not eligible for life treatment. The current study aims to assess the cost-effectiveness of this policy choice.Based on a cohort of HIV-infected pregnant women in Rwanda, we modelled the cost-effectiveness of six regimens: dual ARV prophylaxis with either 12 months breastfeeding or replacement feeding; short course HAART (Sc-HAART prophylaxis with either 6 months breastfeeding, 12 months breastfeeding, or 18 months breastfeeding; and Sc-HAART prophylaxis with replacement feeding. Direct costs were modelled based on all inputs in each scenario and related unit costs. Effectiveness was evaluated by measuring HIV-free survival at 18 months. Savings correspond to the lifetime costs of HIV treatment and care avoided as a result of all vertical HIV infections averted.All PMTCT scenarios considered are cost saving compared to "no intervention." Sc-HAART with 12 months breastfeeding or 6 months breastfeeding dominate all other scenarios. Sc-HAART with 12 months breastfeeding allows for more children to be alive and HIV-uninfected by 18 months than Sc-HAART with 6 months breastfeeding for an incremental cost per child alive and uninfected of 11,882 USD. This conclusion is sensitive to changes in the relative risk of mortality by 18 months for exposed HIV-uninfected children on replacement feeding from birth and those who were breastfed for only 6 months compared to those breastfeeding for 12 months or more.Our findings support the earlier decision by Rwanda to adopt WHO Option B and could inform alternatives for breastfeeding duration. Local contexts and existing care delivery models should be part of national policy decisions.

Renewable energy: Externality costs as market barriers

International Nuclear Information System (INIS)

Owen, Anthony D.

2006-01-01

This paper addresses the impact of environmentally based market failure constraints on the adoption of renewable energy technologies through the quantification in financial terms of the externalities of electric power generation, for a range of alternative commercial and almost-commercial technologies. It is shown that estimates of damage costs resulting from combustion of fossil fuels, if internalised into the price of the resulting output of electricity, could lead to a number of renewable technologies being financially competitive with generation from coal plants. However, combined cycle natural gas technology would have a significant financial advantage over both coal and renewables under current technology options and market conditions. On the basis of cost projections made under the assumption of mature technologies and the existence of economies of scale, renewable technologies would possess a significant social cost advantage if the externalities of power production were to be 'internalised'. Incorporating environmental externalities explicitly into the electricity tariff today would serve to hasten this transition process. (author)

Cask ownership: Options and strategic factors

International Nuclear Information System (INIS)

Smith, C.W.

1986-01-01

Because of the potential number of casks available through utility modular storage programs, it is imperative that the planning for the provision and operation of casks under the NWPA program include consideration of the utility owned casks. As to the remainder of the cask requirements for implementation of the NWPA, the author believes that the cost factor is an artificial one for determining the benefits to the taxpayers and ratepayers for cask ownership and that the decision should be made on the basis of capability of the industry to perform on a competitive bid basis and assurance that the shipments will be made on a timely, safe and cost effective basis. If the procurement process is structured to rally permit competitive bidding on spent fuel shipping services, the competition in the market place will assure that DOE and the ratepayers, receive safe, high quality, and cost effective transportation proposals from very capable companies

Reprocessing-conditioning-recycling: A competitive industry at the service of the utilities

International Nuclear Information System (INIS)

Giraud, J.P.; Devezeaux de Lavergne, J.G.

1997-01-01

In order to answer to the future energy needs, the countries who have chosen nuclear power as a main energy source, have also opted for an optimisation of their policy through the Reprocessing-Conditioning-Recycling (RCR) strategy. The RCR industry is today totally mature and comprehensive thanks to proven industrial means for reprocessing through the UP3 and UP2-800 plants of the la Hague site and for Mixed Oxide fuel (Mox) supply. The optimisation of the RCR industry following the chromological logic of the fuel cycle development, has now focused on two main items: The fabrication of the Mox fuel and the management of the residues with a notably drastic reduction of the total volume of residues. From 1990 to 1994, several studies of the total fuel cycle cost have been carried out; German studies generally concluded to a potential advantage of the Direct Disposal option compared to the RCR strategy. But a 1996 Cogema-study, integrating the most recent data and based on a cost model of the complete fuel cycle, has shown (like the 1994 OECD study) very similar costs between the two options. Thanks to the industry optimisation, the RCR strategy has allowed to decrease the fuel cycle cost to a very low level of 1,5 Pf/kWh. The RCR strategy is economically competitive and less sensitive to price variations. Furthermore, it is immediately available for the utilities who consequently take advantage of a global service with firm prices. (orig.) [de

Competition of two supply chains with different risk structures: applying market research option

Directory of Open Access Journals (Sweden)

A. Hafezolkotob

2012-01-01

Full Text Available Demand uncertainty obliges all participants through a supply chain to make decisions under uncertainty. These decisions extend across price, investment, production, and inventory quantities. We take account of competition between two supply chains under demand uncertainty. These chains internally are involved in vertical pricing competition; however, they externally participate in horizontal pricing and service level competitions by offering a single-type product to the market. Since firms may have various attitudes against demand uncertainty and its related risks, different risk structures for competitive supply chains are considered. We assume that risk-averse firms are able to decrease demand uncertainty by information gathered from market research. For risk-averse participants in a chain, market research investment is an appropriate ground for vertical coordination, which diminishes risk through a supply chain. Optimal strategies based on game theory are obtained for different risk structures; furthermore, for each structure the effects of risk sensitivity as well as market research efficiency on these optimal strategies are investigated. Finally, we propose two scenarios for information sharing between risk-averse participants.

Picking battles wisely: plant behaviour under competition.

Science.gov (United States)

Novoplansky, Ariel

2009-06-01

Plants are limited in their ability to choose their neighbours, but they are able to orchestrate a wide spectrum of rational competitive behaviours that increase their prospects to prevail under various ecological settings. Through the perception of neighbours, plants are able to anticipate probable competitive interactions and modify their competitive behaviours to maximize their long-term gains. Specifically, plants can minimize competitive encounters by avoiding their neighbours; maximize their competitive effects by aggressively confronting their neighbours; or tolerate the competitive effects of their neighbours. However, the adaptive values of these non-mutually exclusive options are expected to depend strongly on the plants' evolutionary background and to change dynamically according to their past development, and relative sizes and vigour. Additionally, the magnitude of competitive responsiveness is expected to be positively correlated with the reliability of the environmental information regarding the expected competitive interactions and the expected time left for further plastic modifications. Concurrent competition over external and internal resources and morphogenetic signals may enable some plants to increase their efficiency and external competitive performance by discriminately allocating limited resources to their more promising organs at the expense of failing or less successful organs.

Competitive Grant Projects (2008) | IDRC - International ...

International Development Research Centre (IDRC) Digital Library (Canada)

2016-04-25

Apr 25, 2016 ... This 2008 study distills some of IDRC's corporate learning on competitive grants processes. ... The study raises some of the main options and issues that IDRC staff face when ... Related articles. Gender Evaluation Methodology (GEM). The Association for Progressive Communications Women's Networking ...

Does Competition Destroy Ethical Behavior?

OpenAIRE

Andrei Shleifer

2004-01-01

Explanations of unethical behavior often neglect the role of competition, as opposed to greed, in assuring its spread. Using the examples of child labor, corruption, "excessive" executive pay, corporate earnings manipulation, and commercial activities by universities, this paper clarifies the role of competition in promoting censured conduct. When unethical behavior cuts costs, competition drives down prices and entrepreneurs' incomes, and thereby reduces their willingness to pay for ethical ...

Rates for the competitive market

International Nuclear Information System (INIS)

Ander, B.; Watson, I.; Snelson, K.

1997-01-01

The discussion panel consisted of Bruce Ander of Pamco Atlas, Ian Watson, Chair of the Ontario Chamber of Commerce Energy Committee, and Ken Snelson, Principal of Snelson International Energy. Ian Watson shared his membership's views on the future supply of electric power under a competitive energy system in Ontario, stressing the need for the government to instruct Ontario Hydro to bring forward a transmission rate to the Ontario Energy Board in 1997, and for legislation to allow independent buyers and sellers to contract with one another to use that transmission rate outside the control of Ontario Hydro. He also expressed concern about Ontario Hydro's anti-competitive load retention rate which was an obvious bid to retain its major customers. Ken Snelson reported on a review of the effects of competition on Canada's long-term energy outlook. He predicted that in a competitive market with full retail access, customers can expect a lot more choice; independent producers also will have many more options for selling power

Economic competitiveness of small modular reactors versus coal and combined cycle plants

International Nuclear Information System (INIS)

Alonso, Gustavo; Bilbao, Sama; Valle, Edmundo del

2016-01-01

Small modular reactors (SMRs) may be an option to cover the electricity needs of isolated regions, distributed generation grids and countries with small electrical grids. Previous analyses show that the overnight capital cost for SMRs is between 4500 US$/kW and 5350 US$/kW, which is between a 6% and a 26% higher than the average cost of a current large nuclear reactor. This study analyzes the economic competitiveness of small modular reactors against thermal plants using coal and natural gas combined cycle plants. To assess the economic competitiveness of SMRs, three overnight capital costs are considered 4500 US$/kW, 5000 US$/kW and 5350 US$/kW along with three discount rates for each overnight cost considered, these are 3, 7, and 10%. To compare with natural gas combined cycle (CC) units, four different gas prices are considered, these are 4.74 US$/GJ (5 US$/mmBTU), 9.48 US$/GJ (10 US$/mmBTU), 14.22 US$/GJ (15 US$/mmBTU), and 18.96 US$/GJ (20 US$/mmBTU). To compare against coal, two different coal prices are considered 80 and 120 US$/ton of coal. The carbon tax considered, for both CC and coal, is 30 US$/ton CO_2. The results show what scenarios make SMRs competitive against coal and/or combined cycle plants. In addition, because the price of electricity is a key component to guarantee the feasibility of a new project, this analysis calculates the price of electricity for the economically viable deployment of SMRs in all the above scenarios. In particular, this study shows that a minimum price of electricity of 175 US$/MWh is needed to guarantee the feasibility of a new SMR, if its overnight capital cost is 5350 US$/kWe and the discount rate is 10%. Another result is that when the price of electricity is around 100 US$/MWh then the discount rate must be around 7% or less to provide appropriate financial conditions to make SMRs economically feasible. - Highlights: • Small modular reactor (SMR) are economically assessed. • SMR are compared against gas and coal

Cost and performance of coal-based energy in Brazil

International Nuclear Information System (INIS)

Temchin, J.; DeLallo, M.R.

1998-01-01

As part of the US Department of Energy's (DOE) efforts to establish the strategic benefits of Clean Coal Technologies (CCT), there is a need to evaluate the specific market potential where coal is a viable option. One such market is Brazil, where significant growth in economic development requires innovative and reliable technologies to support the use of domestic coal. While coal is Brazil's most abundant and economic fossil energy resource, it is presently under utilized in the production of electrical power. This report presents conceptual design for pulverized coal (PC) and circulating fluidized-bed combustion (CFBC) options with resulting capital, operating and financial parameters based on Brazil application conditions. Recent PC and CFBC plant capital costs have dropped with competition in the generation market and have established a competitive position in power generation. Key issues addressed in this study include: Application of market based design approach for FBC and PC, which is competitive within the current domestic, and international power generation markets. Design, fabrication, purchase, and construction methods which reduce capital investment while maintaining equipment quality and plant availability. Impact on coast and performance from application of Brazilian coals, foreign trade and tax policies, construction logistics, and labor requirements. Nominal production values of 200 MWe and 400 MWe were selected for the CFBC power plant and 400 MWe for the PC. The 400 MWe size was chosen to be consistent with the two largest Brazilian PC units. Fluidized bed technology, with limited experience in single units over 200 MW, would consist of two 200 MWe circulating fluidized bed boilers supplying steam to one steam turbine for the 400 MWe capacity. A 200 MWe capacity unit was also developed for CFBC option to support opportunities in re-powering and where specific site or other infrastructure constraints limit production

Gauging the future competitiveness of renewable energy in Colombia

International Nuclear Information System (INIS)

Caspary, Georg

2009-01-01

This article aims to assess the likely competitiveness of different forms of renewable energy in Colombia over the next 25 years. To this end, it compares the likely power production cost for a set of renewable energy sources, and compares them to the likely long-run cost of traditional energy. Costs from global and local externalities through the use of traditional energy sources are also factored into the analysis. The key conclusion of the article is that while solar PV will likely remain uncompetitive under any future cost scenario, cost paths for small hydro, modern biomass or geothermal are already close enough to being competitive, so that appropriate government intervention may make the decisive difference in making these technologies competitive with conventional energy technologies. (author)

Price and quality in spatial competition

OpenAIRE

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune

2010-01-01

We study the relationship between competition and quality within a spatial competition framework where firms compete in prices and quality. We generalise existing literature on spatial price–quality competition along several dimensions, including utility functions that are non-linear in income and cost functions that are non-separable in output and quality. Our main message is that the scope for a positive relationship between competition and quality is underestimated in the existing literatu...

Paying Medicare Advantage plans by competitive bidding: how much competition is there?

Science.gov (United States)

Biles, Brian; Pozen, Jonah; Guterman, Stuart

2009-08-01

Private health plans that enroll Medicare beneficiaries--known as Medicare Advantage (MA) plans--are being paid $11 billion more in 2009 than it would cost to cover these beneficiaries in regular fee-for-service Medicare. To generate Medicare savings for offsetting the costs of health reform, the Obama Administration has proposed eliminating these extra payments to private insurers and instituting a competitive bidding system that pays MA plans based on the bids they submit. This study examines the concentration of enrollment among MA plans and the degree to which firms offering MA plans actually face competition. The results show that in the large majority of U.S. counties, MA plan enrollment is highly concentrated in a small number of firms. Given the relative lack of competition in many markets as well as the potential impact on traditional Medicare, the authors call for careful consideration of a new system for setting MA plan payments.

Economic competitiveness of nuclear power in China

International Nuclear Information System (INIS)

Hu Chuanwen

2005-01-01

Development of nuclear power in China has made a good progress. Currently, economic competitiveness of nuclear power compared to fossil-fuelled power plants is one of the major problems which hamper its development. This article presents the economic competitiveness of nuclear power in China with two-level analyses. First, levelized lifetime cost method is adopted for electricity generation cost comparisons. Important factors influencing economic competitiveness of nuclear power are described. Furthermore, a broad economic evaluation of the full fuel chain of nuclear power and fossil-fuelled plants is discussed concerning macro social-economic issues, environmental and health impacts. The comprehensive comparative assessment would be carried out for decision making to implement nuclear power programme. In consideration of external costs and carbon value, the economic competitiveness of nuclear power would be further improved. Facing swift economic growth, huge energy demand and heavy environmental burden, nuclear power could play a significant role in sustainable development in China. (authors)

GATS Mode 4 Negotiation and Policy Options

Directory of Open Access Journals (Sweden)

Kil-Sang Yoo

2004-06-01

Full Text Available This study reviews the characteristics and issues of GATS Mode 4 and guesses the effects of Mode 4 liberalization on Korean economy and labor market to suggest policy options to Korea. Mode 4 negotiation started from the trade perspective, however, since Mode 4 involves international labor migration, it also has migration perspective. Thus developed countries, that have competitiveness in service sector, are interested in free movement of skilled workers such as intra-company transferees and business visitors. On the other hand, developing countries, that have little competitiveness in service sector, are interested in free movement of low-skilled workers. Empirical studies predict that the benefits of Mode 4 liberalization will be focused on developed countries rather than developing countries. The latter may suffer from brain drain and reduction of labor supply. Nevertheless developed countries are reluctant to Mode 4 negotiation because they can utilize skilled workers from developing countries by use of their own temporary visa programs. They are interested in Mode 4 related with Mode 3 in order to ease direct investment and movement of natural persons to developing countries. Regardless of the direction of a single undertaking of Mode 4 negotiation, the net effects of Mode 4 liberalization on Korean economy and labor market may be negative. The Korean initial offer on Mode 4 is the same as the UR offer. Since Korean position on Mode 4 is most defensive, it is hard to expect that Korean position will be accepted as the single undertaking of Mode 4 negotiation. Thus Korea has to prepare strategic package measures to minimize the costs of Mode 4 liberalization and improve competitiveness of service sector.

Cost Reducing Investment, Competition and Industry Dynamics

NARCIS (Netherlands)

E. Petrakis; S. Roy (Santanu)

1998-01-01

textabstractWe demonstrate the possibility of shake-out of firms and emergence of inter-firm heterogeneity along the (socially optimal) dynamic equilibrium path of a competitive industry with free entry and exit, even when there is no uncertainty and all firms are ex ante identical with perfect

Economic considerations of commercial tokamak options

International Nuclear Information System (INIS)

Dabiri, A.E.

1986-05-01

Systems studies have been performed to assess commercial tokamak options. Superconducting, as well as normal, magnet coils in either first or second stability regimes have been considered. A spherical torus (ST), as well as an elongated tokamak (ET), is included in the study. The cost of electricity (COE) is selected as the figure of merit, and beta and first-wall neutron wall loads are selected to represent the physics and technology characteristics of various options. The results indicate that an economical optimum for tokamaks is predicted to require a beta of around 10%, as predicted to be achieved in the second stability regime, and a wall load of about 5 MW/m 2 , which is assumed to be optimum technologically. This tokamak is expected to be competitive with fission plants if efficient, noninductive current drive is developed. However, if this regime cannot be attained, all other tokamaks operating in the first stability regime, including spherical torus and elongated tokamak and assuming a limiting wall load of 5 MW/m 2 , will compete with one another with a COE of about 50 mill/kWh. This 40% higher than the COE for the optimum reactor in the second stability regime with fast-wave current drive. The above conclusions pertain to a 1200-MW(e) net electric power plant. A comparison was also made between ST, ET, and superconducting magnets in the second stability regime with fast-wave current drive at 600 MW(e)

Tax shift : eliminating subsidies and moving to full cost electricity pricing

International Nuclear Information System (INIS)

Gibbons, J.

2008-01-01

In order to ensure that Ontario's service needs are met at the lowest possible total cost, energy conservation and small-scale distributed generation options must be able to compete with large scale-centralized generation and transmission options on a level playing field. This report discussed how electricity is priced in Ontario. The report described the policies that subsidize coal and nuclear generation and promote excessive consumption of grid-supplied electricity. The report also presented an analysis of the impact of these subsidies and policies on Ontario's electricity consumption, electricity productivity, standard of living and air pollutant emissions. It described a practical strategy whereby these subsidies can be eliminated by recycling or shifting the monies currently spent on subsidies in a way that creates an incentive to reduce electricity consumption. It also described how full cost pricing could lead to a net financial benefit for residential customers as well as an adaptation strategy for businesses that would ensure that they remain competitive. Finally the report identified ten major subsidies that artificially reduce the cost of electricity in Ontario. These included below-market water royalty rates; corporate income tax revenue subsidy for nuclear debt; sales tax exemption; average cost pricing; and bulk metering. It was concluded that phasing out the subsidies for grid-supplied electricity and moving to full cost pricing will provide multiple benefits for Ontario. 36 refs., 5 tabs., 5 figs

Comparison of options for distributed generation in India

International Nuclear Information System (INIS)

Banerjee, Rangan

2006-01-01

There is renewed interest in distributed generation (DG). This paper reviews the different technological options available for DG, their current status and evaluates them based on the cost of generation and future potential in India. The non-renewable options considered are internal combustion engines fuelled by diesel, natural gas and microturbines and fuel cells fired by natural gas. The renewable technologies considered are wind, solar photovoltaic, biomass gasification and bagasse cogeneration. The cost of generation is dependent on the load factor and the discount rate. Gas engines and Bagasse based cogeneration are found to be the most cost effective DG options while wind and biomass gasifier fired engines are viable under certain conditions. PEM Fuel cells and micro turbines based on natural gas need a few demonstrations projects and cost reductions before becoming viable. A strategy involving pilot projects, tracking of costs and dissemination of information is likely to result in DG meeting 10% of India's power needs by 2012

Tax Impact of BC’s HST Debate on Investment and Competitiveness

Directory of Open Access Journals (Sweden)

Jack M. Mintz

2011-05-01

Full Text Available If voters kill British Columbia’s Harmonized Sales Tax (HST in a June referendum, the province’s economy will suffer in the long run. A rejection will spur the rebirth of the provincial retail sales tax, leading to steep increases in the marginal effective tax rates on capital and costs and a corresponding dip in investment and job creation. Should voters decide to keep the HST, BC will reduce the tax by two points over the next three years and raise the corporate income tax rate to bridge the revenue gap. This will also negatively impact corporate competitiveness, but since the government has indicated that the hike will be temporary, retaining the HST is the best option for BC’s economy.

Investments in electricity generation in Croatian liberalized market: energy option

International Nuclear Information System (INIS)

Androcec, I.; Viskovic, A.; Slipac, G.

2004-01-01

The Republic of Croatia should have enough capacities built on its own territory to cover system's peak load at any time for ensuring a long-term reliability of its operation. According to annual increasing of electricity consumption and progressive shutdown of the oldest generating plants, the security of future electricity supply depends on new investments. The market, i.e. a competitive generation, is the driving force in the construction of new power plants. The main stimulus for the construction is the possibility of definite return of invested capital and enabling potential investors to realize the expected revenues (profit). The construction of generating capacities is subject of authorisation procedure or tendering procedure, by approval of the Energy Regulatory Council. The electricity market opening in Croatia is parallel process with establishment of regional energy market in South East Europe where the decision of investment in new power plant will be defined by regional investment priorities, all in the aspect of European Union enlargement. In those liberalisation conditions it is necessary to realize all possible energy options according to the Strategy of Energy Development of Republic of Croatia and to the regional energy market requirements or European Union Directives. New power plant will be realized, because of objective circumstances, through construction of gas power plant or coal power plant and possible nuclear power plant, and in much smaller size through construction of hydro power plants or power plants on renewable energy sources. The possibility of any energy option will be considered in view of: investment cost, operation and maintenance cost, fuel price, external costs, public influence, and through investor's risk. This paper is aiming to analyse the possibility of nuclear power plant construction in Croatia as well as in other small and medium electricity grids. Nuclear option will be comprehensively considered in technical

Integrated economic and life cycle assessment of thermochemical production of bioethanol to reduce production cost by exploiting excess of greenhouse gas savings

International Nuclear Information System (INIS)

Reyes Valle, C.; Villanueva Perales, A.L.; Vidal-Barrero, F.; Ollero, P.

2015-01-01

Highlights: • Assessment of economics and sustainability of thermochemical ethanol production. • Exploitation of excess CO 2 saving by either importing fossil energy or CO 2 trading. • Significant increase in alcohol production by replacing biomass with natural gas. • CO 2 emission trading is not cost-competitive versus import of fossil energy. • Lowest ethanol production cost for partial oxidation as reforming technology. - Abstract: In this work, two options are investigated to enhance the economics of the catalytic production of bioethanol from biomass gasification by exploiting the excess of CO 2 emission saving: (i) to import fossil energy, in the form of natural gas and electricity or (ii) to trade CO 2 emissions. To this end, an integrated life cycle and economic assessment is carried out for four process configurations, each using a different light hydrocarbon reforming technology: partial oxidation, steam methane reforming, tar reforming and autothermal reforming. The results show that for all process configurations the production of bioethanol and other alcohols significantly increases when natural gas displaces biomass, maintaining the total energy content of the feedstock. The economic advantage of the partial substitution of biomass by natural gas depends on their prices and this is explored by carrying out a sensitivity analysis, taking historical prices into account. It is also concluded that the trade of CO 2 emissions is not cost-competitive compared to the import of natural gas if the CO 2 emission price remains within historical European prices. The CO 2 emission price would have to double or even quadruple the highest CO 2 historical price for CO 2 emission trading to be a cost-competitive option

Canadian competitive advantage

International Nuclear Information System (INIS)

Wills, J.

1997-01-01

The evolution of the Canadian petrochemical industry was outlined, emphasizing the proximity to feedstocks as the principal advantage enjoyed by the industry over its international competitors. Annual sales statistics for 1995 were provided. Key players in the Canadian petrochemical industry (Nova, Dow, DuPont, Methanex, Esso, Union Carbide, Shell and Celanese), their share of the market and key products were noted. Manufacturing facilities are located primarily in Alberta, southern Ontario and Quebec. The feedstock supply infrastructure, historical and alternative ethane pricing in Canada and the US, the North American market for petrochemicals, the competitiveness of the industry, tax competitiveness among Canadian provinces and the US, the Canada - US unit labour cost ratio, ethylene facility construction costs in Canada relative to the US Gulf Coast, and projected 1997 financial requirements were reviewed. 19 figs

The relationship between competition and quality in procedural cardiac care.

Science.gov (United States)

Glick, David B; Wroblewski, Kristen; Apfelbaum, Sean; Dauber, Benjamin; Woo, Joyce; Tung, Avery

2015-01-01

Anesthesiologists are frequently involved in efforts to meet perioperative quality metrics. The degree to which hospitals compete on publicly reported quality measures, however, is unclear. We hypothesized that hospitals in more competitive environments would be more likely to compete on quality and thus perform better on such measures. To test our hypothesis, we studied the relationship between competition and quality in hospitals providing procedural cardiac care and participating in a national quality database. For hospitals performing heart valve surgery (HVS) and delivering acute myocardial infarction (AMI) care in the Hospital Compare database, we assessed the degree of intrahospital competition using both geographical radius and federally defined metropolitan statistical area (MSA) to determine the degree of intrahospital competition. For each hospital, we then correlated the degree of competition with quality measure performance, mortality, patient volume, and per-patient Medicare costs for both HVS and AMI. Six hundred fifty-three hospitals met inclusion criteria for HVS and 1898 hospitals for AMI care. We found that for both definitions of competition, hospitals facing greater competition did not demonstrate better quality measure performance for either HVS or AMI. For both diagnoses, competition by number of hospitals correlated positively with cost: partial correlation coefficients = 0.40 (0.42 for MSA) (P competition among hospitals correlated overall with increased Medicare costs but did not predict better scores on publicly reported quality metrics. Our results suggest that hospitals do not compete meaningfully on publicly reported quality metrics or costs.

Study of Agricultural Product Options Pricing

Science.gov (United States)

HONG, Qiu

2017-09-01

China is a large agricultural country, and the healthy development of agriculture is related to the stability of the whole society. The agricultural production and management of agricultural products are confronted with many risks, especially the market risks. Option contract is the object of option market transaction, so it is very important to study the option contract of agricultural products. Option trading separates the risk and profit, so that the trader can avoid the risk while retaining the opportunity to obtain income. The option has the characteristics of low transaction cost, simple and efficient, so it is suitable for small and medium investors.

DISPOSITION PATHS FOR ROCKY FLATS GLOVEBOXES: EVALUATING OPTIONS

International Nuclear Information System (INIS)

Lobdell, D.; Geimer, R.; Larsen, P.; Loveland, K.

2003-01-01

The Kaiser-Hill Company, LLC has the responsibility for closure activities at the Rocky Flats Environmental Technology Site (RFETS). One of the challenges faced for closure is the disposition of radiologically contaminated gloveboxes. Evaluation of the disposition options for gloveboxes included a detailed analysis of available treatment capabilities, disposal facilities, and lifecycle costs. The Kaiser-Hill Company, LLC followed several processes in determining how the gloveboxes would be managed for disposition. Currently, multiple disposition paths have been chosen to accommodate the needs of the varying styles and conditions of the gloveboxes, meet the needs of the decommissioning team, and to best manage lifecycle costs. Several challenges associated with developing a disposition path that addresses both the radiological and RCRA concerns as well as offering the most cost-effective solution were encountered. These challenges included meeting the radiological waste acceptance criteria of available disposal facilities, making a RCRA determination, evaluating treatment options and costs, addressing void requirements associated with disposal, and identifying packaging and transportation options. The varying disposal facility requirements affected disposition choices. Facility conditions that impacted decisions included radiological and chemical waste acceptance criteria, physical requirements, and measurement for payment options. The facility requirements also impacted onsite activities including management strategies, decontamination activities, and life-cycle cost

Competition between coal and gas for large scale power generation

International Nuclear Information System (INIS)

Howieson, B.

1997-01-01

The relative competitiveness of coal- and gas-fired generation will be affected by distinctive country and market factors as well as site specific considerations, regarding such factors as environment, market structure and economics (such as fuel and plant costs). National and international politics have an impact on all three factors and any decision on the development of generation plant must take into account both current and future political climates. An analysis suggests that, at the present time, upgrading existing coal stations is attractive compared with new combined cycle gas turbines (CCGTs). However, this conclusion is highly dependent on the site specific nature of existing plant and the anticipated future environmental regime. Increased environmental pressure, particularly in the area of CO 2 emissions, would result in CCGTs being the first choice plant option. (R.P.)

Slowing global warming biotically - Options for the United States

International Nuclear Information System (INIS)

Anon.

1991-01-01

Each of the five biotic approaches introduced in Chapter 2 is applicable to some extent in the US. Taking US land-use characteristics into account, a menu of policy options tailored to US carbon storage opportunities is presented. Several of the options are capable of significantly reducing net US carbon emissions; several offer corollary benefits in areas other than global warming mitigation. The time frame and costs of the different options vary widely, although in most cases some level of implementation appears economically justified even without considering global warming. The approach, projected costs, and advantages of seven different policy options are profiled

Flowering does not decrease vegetative competitiveness of Lolium perenne

DEFF Research Database (Denmark)

Thiele, Jan; Bagger Jørgensen, Rikke; Hauser, Thure Pavlo

2009-01-01

as reduced flowering could free resources and increase productivity. But if so, less-flowering cultivars might be more competitive and invade natural swards. We tested for costs of sexual reproduction on vegetative propagation and competitiveness of the perennial grass Lolium perenne, one of the most...... treatments were successful in producing clones with largely differing degrees of flowering. However, we found no negative correlation between flowering and vegetative propagation and competitiveness. Early and strongly flowering southern provenances showed less clonal growth and higher mortality, but within...... provenances the response of clone diameter to flowering was positive or neutral. We conclude that investment of resources into flowering has no measurable costs on vegetative propagation and competitiveness of L. perenne. The apparent lack of costs of sexual reproduction could be explained by bet...

Mineral carbonation: energy costs of pretreatment options and insights gained from flow loop reaction studies

Energy Technology Data Exchange (ETDEWEB)

Penner, Larry R.; O' Connor, William K.; Dahlin, David C.; Gerdemann, Stephen J.; Rush, Gilbert E.

2004-01-01

Sequestration of carbon as a stable mineral carbonate has been proposed to mitigate environmental concerns that carbon dioxide may with time escape from its sequestered matrix using alternative sequestration technologies. A method has been developed to prepare stable carbonate products by reacting CO2 with magnesium silicate minerals in aqueous bicarbonate/chloride media at high temperature and pressure. Because this approach is inherently expensive due to slow reaction rates and high capital costs, studies were conducted to improve the reaction rates through mineral pretreatment steps and to cut expenses through improved reactor technology. An overview is given for the estimated cost of the process including sensitivity to grinding and heating as pretreatment options for several mineral feedstocks. The energy costs are evaluated for each pretreatment in terms of net carbon avoided. New studies with a high-temperature, high-pressure flow-loop reactor have yielded information on overcoming kinetic barriers experienced with processing in stirred autoclave reactors. Repeated tests with the flow-loop reactor have yielded insights on wear and failure of system components, on challenges to maintain and measure flow, and for better understanding of the reaction mechanism.

Mineral carbonation: energy costs of pretreatment options and insights gained from flow loop reaction studies

International Nuclear Information System (INIS)

Penner, Larry R.; O'Connor, William K.; Dahlin, David C.; Gerdemann, Stephen J.; Rush, Gilbert E.

2004-01-01

Sequestration of carbon as a stable mineral carbonate has been proposed to mitigate environmental concerns that carbon dioxide may with time escape from its sequestered matrix using alternative sequestration technologies. A method has been developed to prepare stable carbonate products by reacting CO2 with magnesium silicate minerals in aqueous bicarbonate/chloride media at high temperature and pressure. Because this approach is inherently expensive due to slow reaction rates and high capital costs, studies were conducted to improve the reaction rates through mineral pretreatment steps and to cut expenses through improved reactor technology. An overview is given for the estimated cost of the process including sensitivity to grinding and heating as pretreatment options for several mineral feedstocks. The energy costs are evaluated for each pretreatment in terms of net carbon avoided. New studies with a high-temperature, high-pressure flow-loop reactor have yielded information on overcoming kinetic barriers experienced with processing in stirred autoclave reactors. Repeated tests with the flow-loop reactor have yielded insights on wear and failure of system components, on challenges to maintain and measure flow, and for better understanding of the reaction mechanism

A framework for cost-based pricing of transmission and ancillary services in competitive electric power markets

International Nuclear Information System (INIS)

Zobian, A.; Ilic, M.D.

1995-01-01

In this paper the authors propose a framework for accurate cost determination and pricing of transmission and ancillary services in competitive electric power markets. The proposed framework is based on their anticipation of the evolving environment and industry structure. They envision the future as a competitive energy market with a centralized control entity that coordinates system activities, prices transmission and ancillary services and controls various system resources. This control entity has control over a certain (pre-defined) geographical area. It is proposed that the system operation and control be kept as they are currently done in control centers, no major change in these functions is required for the proposed pricing strategy. The pricing strategy is divided into two main classes based on time scale separation and firmness, short and long term, firm and interruptible contracts. The approach is based on superposition of different transaction on the network, and a three-part tariff design. The charges are directly related to the impact of each transaction on the system

Is the Venner-PneuX Endotracheal Tube System A Cost-Effective Option For Post Cardiac Surgery Care?

Science.gov (United States)

Andronis, Lazaros; Oppong, Raymond A; Manga, Na'ngono; Senanayake, Eshan; Gopal, Shameer; Charman, Susan; Giri, Ramesh; Luckraz, Heyman

2018-04-27

Ventilator-associated pneumonia (VAP) is common and costly. In a recent randomized controlled trial, the Venner-PneuX (VPX) endotracheal tube system was found to be superior to standard endotracheal tubes (SET) in preventing VAP. However, VPX is considerably more expensive. We evaluated the costs and benefits of VPX to determine whether replacing SET with VPX is a cost-effective option for intensive care units. We developed a decision analytic model to compare intubation with VPX or SET for patients requiring mechanical ventilation post cardiac surgery. The model was populated with existing evidence on costs, effectiveness and quality of life. Cost-effectiveness and cost-utility analyses were conducted from an NHS hospital perspective. Uncertainty was assessed through deterministic and probabilistic sensitivity analyses. Compared to SET, VPX is associated with an expected cost saving of £738 per patient. VPX led to a small increase in quality-adjusted life years (QALYs), indicating that the device is overall less costly and more effective than SET. The probability of VPX being cost-effective at £30,000 per QALY is 97%. VPX would cease to be cost-effective if (i) it led to a risk reduction smaller than 0.02 compared to SET, (ii) the acquisition cost of VPX was as high as £890 or, (iii) the cost of treating a case of VAP was lower than £1,450. VPX resulted in improved outcomes and savings which far offset the cost of the device, suggesting that replacing SET with VPX is overall beneficial. Findings were robust to extreme values of key parameters. Copyright © 2018. Published by Elsevier Inc.

Cost benefit analysis cost effectiveness analysis

International Nuclear Information System (INIS)

Lombard, J.

1986-09-01

The comparison of various protection options in order to determine which is the best compromise between cost of protection and residual risk is the purpose of the ALARA procedure. The use of decision-aiding techniques is valuable as an aid to selection procedures. The purpose of this study is to introduce two rather simple and well known decision aiding techniques: the cost-effectiveness analysis and the cost-benefit analysis. These two techniques are relevant for the great part of ALARA decisions which need the use of a quantitative technique. The study is based on an hypothetical case of 10 protection options. Four methods are applied to the data

Energy Production from Biogas: Competitiveness and Support Instruments in Latvia

Science.gov (United States)

Klāvs, G.; Kundziņa, A.; Kudrenickis, I.

2016-10-01

Use of renewable energy sources (RES) might be one of the key factors for the triple win-win: improving energy supply security, promoting local economic development, and reducing greenhouse gas emissions. The authors ex-post evaluate the impact of two main support instruments applied in 2010-2014 - the investment support (IS) and the feed-in tariff (FIT) - on the economic viability of small scale (up to 2MWel) biogas unit. The results indicate that the electricity production cost in biogas utility roughly corresponds to the historical FIT regarding electricity production using RES. However, if in addition to the FIT the IS is provided, the analysis shows that the practice of combining both the above-mentioned instruments is not optimal because too high total support (overcompensation) is provided for a biogas utility developer. In a long-term perspective, the latter gives wrong signals for investments in new technologies and also creates unequal competition in the RES electricity market. To provide optimal biogas utilisation, it is necessary to consider several options. Both on-site production of electricity and upgrading to biomethane for use in a low pressure gas distribution network are simulated by the cost estimation model. The authors' estimates show that upgrading for use in a gas distribution network should be particularly considered taking into account the already existing infrastructure and technologies. This option requires lower support compared to support for electricity production in small-scale biogas utilities.

Energy Production from Biogas: Competitiveness and Support Instruments in Latvia

Directory of Open Access Journals (Sweden)

Klāvs G.

2016-10-01

Full Text Available Use of renewable energy sources (RES might be one of the key factors for the triple win-win: improving energy supply security, promoting local economic development, and reducing greenhouse gas emissions. The authors ex-post evaluate the impact of two main support instruments applied in 2010-2014 – the investment support (IS and the feed-in tariff (FIT – on the economic viability of small scale (up to 2MWel biogas unit. The results indicate that the electricity production cost in biogas utility roughly corresponds to the historical FIT regarding electricity production using RES. However, if in addition to the FIT the IS is provided, the analysis shows that the practice of combining both the above-mentioned instruments is not optimal because too high total support (overcompensation is provided for a biogas utility developer. In a long-term perspective, the latter gives wrong signals for investments in new technologies and also creates unequal competition in the RES electricity market. To provide optimal biogas utilisation, it is necessary to consider several options. Both on-site production of electricity and upgrading to biomethane for use in a low pressure gas distribution network are simulated by the cost estimation model. The authors’ estimates show that upgrading for use in a gas distribution network should be particularly considered taking into account the already existing infrastructure and technologies. This option requires lower support compared to support for electricity production in small-scale biogas utilities.

FINANCIAL PLANNING AND FINANCING OF SPORTS COMPETITIONS

Directory of Open Access Journals (Sweden)

Srećko Novaković

2012-09-01

Full Text Available Manager of sport competition has right to decide and also to take responsibility for costs, income and financial results. From economic point of wiev flexible budget and planning cost calculations is top management base for analyzing success level of sport competition. Flexible budget is made before sport competition with few output level, where one is always from static plan-master plan. At the end of competition when we have results, we make report of plan executing and we also analyzing plan variances. Results of comparation between achieved and planning level of static budget can be acceptable if achieved level is approximate to budget level or if we analyzing results from gross or net income. Flexible budget become very important in case of world economic crises.

Impacts on Competitiveness from EU ETS. An analysis of the Dutch Industry

International Nuclear Information System (INIS)

De Bruyn, S.; Nelissen, D.; Korteland, M.; Davidson, M.; Faber, J.; Van de Vreede, G.

2008-01-01

impacts on the national economy (i.e. GDP) the effects are probably small. The direct costs of EU ETS are 0,2% of GDP (for an emission price of 20 euro per ton CO2) of which about half can be passed on to the customers. Impacts on the competitive position may occur in the vulnerable sectors but these sectors are in general the smaller sectors of the Dutch economy - with the exception of the iron and steel industry (in total 1,1% of GDP). In addition, if international climate policy until the year 2020 will result in more countries agreeing on binding reduction targets, impacts on competitiveness will be smaller than analyzed here. Auctioning assures a higher degree of efficiency and prevents windfall profits to occur. This study showed that some impacts from auctioning the rights on the industrial structure in the Netherlands can be expected which increase the risk of carbon leakage. Several options to compensate for the adverse effects on competitiveness have been investigated in this study. If the government wants to alleviate the impacts for energy intensive sectors thought may be given to a system of border tax adjustments and the recycling of revenues to energy saving investments next to the free allocation of rights

Natural gas industry competitiveness study

International Nuclear Information System (INIS)

1999-09-01

A national study on the competitiveness of the natural gas industry was undertaken by the BC Oil and Gas Commission in cooperation with, and with the encouragement of the Canadian Association of Petroleum Producers (CAPP). The objective of the study was to compare the cost competitiveness of natural gas exploration , production, gathering and processing in British Columbia to the costs of the same processes in Alberta. The study was carried out by building an 'expected case' for each gas producing area in British Columbia and Alberta by averaging past events in such specific areas as pool sizes, production profiles, loads, drilling success rates, gas compositions, land, drilling, exploration and production/gathering costs, third party production/gathering and processing fees and abandonment costs; by constructing a cash flow model for each case, calculating unit cost, and ranking cases. The report provides the details of the methodology, displays the results of the investigation in graphical form, comments on the results factoring in also labour costs and cost differences due to resource characteristics, identifies some trends such as an increase in the proportion of connections to smaller plants, and provides suggestions for improvements

Enabling optimal energy options under the Clean Development Mechanism

International Nuclear Information System (INIS)

Gilau, Asmerom M.; Van Buskirk, Robert; Small, Mitchell J.

2007-01-01

This paper addresses the cost effectiveness of renewable energy technologies in achieving low abatement costs and promoting sustainable developments under the Clean Development Mechanism (CDM). According to the results of our optimal energy option's analysis, at project scale, compared with a diesel-only energy option, photovoltaic (PV)-diesel (PVDB), wind-diesel (WDB) and PV-wind-diesel (PVWDB) hybrids are very cost-effective energy options. Moreover, energy options with high levels of renewable energy, including 100% renewables, have the lowest net present cost and they are already cost effective without CDM. On the other hand, while the removal of about 87% carbon dioxide emissions could be achieved at negative cost, initial investment could increase by a factor of 40, which is one of the primary barriers hindering wider renewable energy applications in developing countries, among others. Thus, in order to increase developing countries' participation in the carbon market, CDM policy should shift from a purely market-oriented approach to investigating how to facilitate renewable energy projects through barrier removal. Thus, we recommend that further research should focus on how to efficiently remove renewable energy implementation barriers as a means to improve developing countries' participation in meaningful emission reduction while at the same time meeting the needs of sustainable economic development

Analysis on PV system sales price and subsidy through buy-back which make photovoltaics cost-competitive by 2030 in Japan

International Nuclear Information System (INIS)

Endo, E.; Ichinohe, M.

2004-01-01

The purpose of this paper is to analyze PV system sales price and subsidy through buy-back which make photovoltaics cost-competitive against other energy technologies and make the target for PV capacity achievable by 2030 in Japan under expected carbon tax. For the analysis energy system of Japan is modeled by using MARKAL. According to the results of analysis, under 6000 JPY/t-C carbon tax, photovoltaics needs subsidy for a while even if we taking both fuel savings and Green Credit into account. For attaining the national target for PV capacity in 2010, photovoltaics needs more expensive buy-back than that in present, but after 2010 necessary buy-back decreases gradually. If 120 JPY/W PV system sales price is attained by 2030, photovoltaics becomes cost-competitive without any supports. Subsidy through buy-back becomes almost need not in 2030, if we can reduce it less than 170 JPY/W. The total subsidy meets peak in 2025. It is much more than ongoing subsidy to capital cost of PV systems, but annual revenue of the assumed carbon tax can afford enough the annual total subsidy. This means if photovoltaics can attain the PV system sales price, we should support it for a while by spending carbon tax revenue effectively and efficiently. (authors)

Cost assessment and ecological effectiveness of nutrient reduction options for mitigating Phaeocystis colony blooms in the Southern North Sea: an integrated modeling approach.

Science.gov (United States)

Lancelot, Christiane; Thieu, Vincent; Polard, Audrey; Garnier, Josette; Billen, Gilles; Hecq, Walter; Gypens, Nathalie

2011-05-01

Nutrient reduction measures have been already taken by wealthier countries to decrease nutrient loads to coastal waters, in most cases however, prior to having properly assessed their ecological effectiveness and their economic costs. In this paper we describe an original integrated impact assessment methodology to estimate the direct cost and the ecological performance of realistic nutrient reduction options to be applied in the Southern North Sea watershed to decrease eutrophication, visible as Phaeocystis blooms and foam deposits on the beaches. The mathematical tool couples the idealized biogeochemical GIS-based model of the river system (SENEQUE-RIVERSTRAHLER) implemented in the Eastern Channel/Southern North Sea watershed to the biogeochemical MIRO model describing Phaeocystis blooms in the marine domain. Model simulations explore how nutrient reduction options regarding diffuse and/or point sources in the watershed would affect the Phaeocystis colony spreading in the coastal area. The reference and prospective simulations are performed for the year 2000 characterized by mean meteorological conditions, and nutrient reduction scenarios include and compare upgrading of wastewater treatment plants and changes in agricultural practices including an idealized shift towards organic farming. A direct cost assessment is performed for each realistic nutrient reduction scenario. Further the reduction obtained for Phaeocystis blooms is assessed by comparison with ecological indicators (bloom magnitude and duration) and the cost for reducing foam events on the beaches is estimated. Uncertainty brought by the added effect of meteorological conditions (rainfall) on coastal eutrophication is discussed. It is concluded that the reduction obtained by implementing realistic environmental measures on the short-term is costly and insufficient to restore well-balanced nutrient conditions in the coastal area while the replacement of conventional agriculture by organic farming

Competition and the Location of Overseas Assembly

OpenAIRE

Deborah Swenson

2006-01-01

How does international competition affect overseas outsourcing? While it is commonly believed that international competition enables firms to desert high cost countries in favor of low wage locations, the frequency of such responses may be reduced if the movement of outsourcing activities involves sunk costs. To put these factors in perspective, I study the production decisions of participants in the U.S. overseas assembly program (OAP). A number of interesting regularities emerge. First, the...

Persistent and transient cost efficiency—an application to the Swiss hydropower sector

International Nuclear Information System (INIS)

Filippini, Massimo; University of Lugano; Geissmann, Thomas; Massachusetts Institute of Technology; Greene, William H.

2017-01-01

Electricity prices on the European market have decreased significantly over the past few years, resulting in a deterioration of Swiss hydropower firms’ competitiveness and profitability. One option to improve the sector’s competitiveness is to increase cost efficiency. The goal of this study is to quantify the level of persistent and transient cost efficiency of individual firms by applying the generalized true random effects (GTRE) model introduced by Colombi et al. (Journal of Productivity Analysis 42(2): 123–136, 2014) and Filippini and Greene (Journal of Productivity Analysis 45(2): 187–196, 2016). Applying this newly developed GTRE model to a total cost function, the level of cost efficiency of 65 Swiss hydropower firms is analyzed for the period between 2000 and 2013. A true random effects specification is estimated as a benchmark for the transient level of cost efficiency. The results show the presence of both transient as well as persistent cost inefficiencies. The GTREM predicts the aggregate level of cost inefficiency to amount to 21.8% (8.0% transient, 13.8% persistent) on average between 2000 and 2013. These two components differ in interpretation and implication. From an individual firm’s perspective, the two types of cost inefficiencies might require a firm’s management to respond with different improvement strategies. The existing level of persistent inefficiency could prevent the hydropower firms from adjusting their production processes to new market environments. From a regulatory point of view, the results of this study could be used in the scope and determination of the amount of financial support given to struggling firms.

Competitiveness of grid-connected solar electricity in Sweden - as seen from the perspective of the utilities and the net owners; Konkurrenskraft foer naetansluten solel i Sverige - sett ur kraftfoeretagens och naetaegarnas perspektiv

Energy Technology Data Exchange (ETDEWEB)

Carlstedt, Nils-Eric [Vattenfall Power Consultant AB, Stockholm (Sweden); Karlsson, Bjoern; Kjellsson, Elisabeth; Samuelsson, Olof [Faculty of Engineering (LTH), Lund University, Lund (Sweden); Neij, Lena [International Institute for Industrial Environmental Economics, Lund University, Lund (Sweden)

2006-12-15

The objective of this report was to analyse the competitiveness of grid-connected solar power in Sweden - and specifically the competitiveness for energy companies and net owners. In theory, solar power could to a large extent fulfil the electricity demand in Sweden, especially in the summer. However, the high cost of solar cells is a major barrier to implementation. Future technology development and increased efficiency could, however, lead to important cost reductions. The question is if such expected cost reductions would make grid-connected solar power a preferable investment option for energy companies and an interesting alternative for the net owners. The results of the study show that solar power will not be a competitive alternative for the energy companies in Sweden, not in 2020 and probably not in 2050. Other alternatives such as new investments in wind turbines and bio-mass based technology options will be producing electricity at a lower cost. Moreover, solar power will have an unfavourable production profile, generating power in the summertime when less needed. However, by using the reservoirs of the hydro power systems in Sweden as storage capacity, approximately 5 TWh solar power could be allowed in the Swedish electricity system. The results of the study indicate that solar power could have a positive effect on the electricity distribution system since distributed generation will result in lower losses in the system. Moreover, solar power will be produced during daytime when the electricity demand will peak. One of the main challenges for the net owners would be to design the net in such a way that the net and the solar cells could work together in the best possible way. Another challenge would be the high cost for connecting the solar cells to the grid; this cost needs to be reduced. Looking instead at the house-owners as possible investors, solar cells appear as a much more attractive alternative for the future, the value of the solar power is

Distribution costs -- the cost of local delivery

International Nuclear Information System (INIS)

Winger, N.; Zarnett, P.; Carr, J.

2000-01-01

Most of the power transmission system in the province of Ontario is owned and operated as a regulated monopoly by Ontario Hydro Services Company (OHSC). Local distribution systems deliver to end-users from bulk supply points within a service territory. OHSC distributes to approximately one million, mostly rural customers, while the approximately 250 municipal utilities together serve about two million, mostly urban customers. Under the Energy Competition Act of 1998 local distribution companies will face some new challenges, including unbundled billing systems, a broader range of distribution costs, increased costs, made up of corporate taxes or payments in lieu of taxes and added costs for regulatory affairs. The consultants provide a detailed discussion of the components of distribution costs, the three components of the typical budget process (capital expenditures, (CAPEX), operating and maintenance (O and M) and administration and corporate (GA and C), a summary of some typical distribution costs in Ontario, and the estimated impacts of the Energy Competition Act (ECA) compliance on charges and rates. Various mitigation strategies are also reviewed. Among these are joint ventures by local distribution companies to reduce ECA compliance costs, re-examination of controllable costs, temporary reduction of the allowable return on equity (ROE) by 50 per cent, and/or reducing the competitive transition charge (CTC). It is estimated that either one of these two reductions could eliminate the full amount of the five to seven per cent uplift in delivered energy service costs. The conclusion of the consultants is that local distribution delivery charges will make up a greater proportion of end-user cost in the future than it has in the past. An increase to customers of about five per cent is expected when the competitive electricity market opens and unbundled billing begins. The cost increase could be mitigated by a combination of actions that would be needed for about

Is healthy competition healthy? New evidence of the impact of hospital competition.

Science.gov (United States)

Gift, Thomas L; Arnould, Richard; DeBrock, Larry

2002-01-01

Competition among hospitals is commonly regarded as inefficient due to the medical arms race phenomenon, but most evidence for this hypothesis predates the Medicare prospective payment system and preferred provider legislation. Recent studies indicate hospital competition reduces costs and prices, but nearly all such research has focused on California. We add to the body of literature that analyzes the effects of competition in hospital markets. Using data from the state of Washington, we show that hospitals assume more risk in competitive markets by being more likely to accept prospective payment arrangements with insurers. If the arrangement is retrospective, the hospital is more likely to offer a discount as the number of competing hospitals increases. Both findings indicate that competitive forces operate the same in hospital markets as in most others: as the number of competitors increases, prices decrease and market power shifts from the suppliers to purchasers. The medical arms race hypothesis that favors more concentrated hospital markets no longer appears to be valid.

Levelized Costs for Nuclear, Gas and Coal for Electricity, under the Mexican Scenario

Energy Technology Data Exchange (ETDEWEB)

Palacios, J.C.; Alonso, G.; Ramirez, R.; Gomez, A.; Ortiz, J.; Longoria, L.C.

2004-10-06

In the case of new nuclear power stations, it is necessary to pay special attention to the financial strategy that will be applied, time of construction, investment cost, and the discount and return rate. The levelized cost quantifies the unitary cost of the electricity (the kWh) generated during the lifetime of the nuclear power plant; and allows the immediate comparison with the cost of other alternative technologies. The present paper shows levelized cost for different nuclear technologies and it provides comparison among them as well as with gas and coal electricity plants. For the calculations we applied our own methodology to evaluate the levelized cost considering investment, fuel and operation and maintenance costs, making assumptions for the Mexican market, and taking into account the gas prices projections. The study also shows comparisons using different discount rates (5% and 10%), and some comparisons between our results and an OECD 1998 study. The results are i n good agreement and shows that nuclear option is cost competitive in Mexico on the basis of levelized costs.

Levelized Costs for Nuclear, Gas and Coal for Electricity, under the Mexican Scenario

International Nuclear Information System (INIS)

Palacios, J.C.; Alonso, G.; Ramirez, R.; Gomez, A.; Ortiz, J.; Longoria, L.C.

2004-01-01

In the case of new nuclear power stations, it is necessary to pay special attention to the financial strategy that will be applied, time of construction, investment cost, and the discount and return rate. The levelized cost quantifies the unitary cost of the electricity (the kWh) generated during the lifetime of the nuclear power plant; and allows the immediate comparison with the cost of other alternative technologies. The present paper shows levelized cost for different nuclear technologies and it provides comparison among them as well as with gas and coal electricity plants. For the calculations we applied our own methodology to evaluate the levelized cost considering investment, fuel and operation and maintenance costs, making assumptions for the Mexican market, and taking into account the gas prices projections. The study also shows comparisons using different discount rates (5% and 10%), and some comparisons between our results and an OECD 1998 study. The results are i n good agreement and shows that nuclear option is cost competitive in Mexico on the basis of levelized costs

Cost-benefit analysis of multi-regional nuclear energy systems deployment

International Nuclear Information System (INIS)

Van Den Durpel, L.G.G.; Wade, D.C.; Yacout, A.M.

2007-01-01

The paper describes the preliminary results of a cost/benefit-analysis of multi-regional nuclear energy system approaches with a focus on how multi-regional approaches may benefit a growing nuclear energy system in various world regions also being able to limit, or even reduce, the costs associated with the nuclear fuel cycle and facilitating the introduction of nuclear energy in various regions in the world. The paper highlights the trade-off one might envisage in deploying such multi-regional approaches but also the pay backs possible and concludes on the economical benefits one may associate to regional fuel cycle centres serving a world-fleet of STAR (small fast reactors of long refueling interval) where these STARs may be competitive compared to the LWRs (Light Water Reactors) as a base-case nuclear reactor option. (authors)

Integrated approach to optimize operation and maintenance costs for operating nuclear power plants

International Nuclear Information System (INIS)

2006-06-01

In the context of increasingly open electricity markets and the 'unbundling' of generating companies from former utility monopolies, an area of major concern is the economic performance of the existing fleet of nuclear power plants. Nuclear power, inevitably, must compete directly with other electricity generation sources. Coping with this competitive pressure is a challenge that the nuclear industry should meet if the nuclear option is to remain a viable one. This competitive environment has significant implications for nuclear plant operations, including, among others, the need for the more cost effective management of plant activities, and the greater use of analytical tools to balance the costs and benefits of proposed activities, in order to optimize operation and maintenance costs, and thus insure the economic competitiveness of existing nuclear power plants. In the framework of the activities on Nuclear Economic Performance Information System (NEPIS), the IAEA embarked in developing guidance on optimization of operation and maintenance costs for nuclear power plants. The report was prepared building on the fundamental that optimization of operation and maintenance costs of a nuclear power plant is a key component of a broader integrated business strategic planning process, having as overall result achievement of organization's business objectives. It provides advice on optimization of O and M costs in the framework of strategic business planning, with additional details on operational planning and controlling. This TECDOC was elaborated in 2004-2005 in the framework of the IAEA's programme on Nuclear Power Plant Operating Performance and Life Cycle Management, with the support of two consultants meetings and one technical meeting and based on contributions provided by participants. It can serve as a useful reference for the management and operation staff within utilities, nuclear power plant operators and regulators and other organizations involved in

The Competitiveness of Alternative Hydrogen Pathways

DEFF Research Database (Denmark)

Hansen, Anders Chr.

to transport services and in market competitiveness and societal competitiveness. The major societal competitive advantage of hydrogen is its convertibility to electricity and from any other source of energy. This enables a flexible use of natural gas and primary electricity as transport fuels. The major...... advantage in market competitiveness is the energy efficiency of the fuel cell. This advantage is, however, to some extent balanced by the costs associated with conversion, transport, and storage. The balance between these factors required for market competitiveness is identified.......The paper surveys the literature on the competitiveness of alternative hydrogen pathways in the transport sector. The competitiveness of the alternative systems can be differentiated in the “well-to-tank (WtT)” and “tank-to-wheel (TtW)” sections of the pathway transforming primary energy...

Evaluation of retention and disposal options for tritium in fuel reprocessing

International Nuclear Information System (INIS)

Grimes, W.R.; Hampson, D.C.; Larkin, D.J.; Skolrud, J.O.; Benjamin, R.W.

1982-08-01

Five options were evaluated as means of retaining tritium released from light-water reactor or fast breeder reactor fuel during the head-end steps of a typical Purex reprocessing scheme. Cost estimates for these options were compared with a base case in which no retention of tritium within the facility was obtained. Costs were also estimated for a variety of disposal methods of the retained tritium. The disposal costs were combined with the retention costs to yield total costs (capital plus operating) for retention and disposal of tritium under the conditions envisioned. The above costs were converted to an annual basis and to a dollars per curie retained basis. This then was used to estimate the cost in dollars per man-rem saved by retaining the tritium. Only the options that used the least expensive disposal costs could approach the $1000/man-rem cost used as a guide by the Nuclear Regulatory Commission

Competition and natural monopoly: the case for generation

International Nuclear Information System (INIS)

Pelegry, E.A.

1995-01-01

Some examples and references are used to support the existence of economies of scale associated with the electricity industry; for this, and in accordance with economic theory, the existence of a natural monopoly for electricity generation can be argued. The paper discusses the theory that competition in generation, with the aim of lowering the cost of electricity, can be achieved by other means than the competition between generators over the bidding price. One alternative is the competition between generators with reference to standards fixed by a Regulator, along with the progressive introduction of new low-cost installed capacity. 5 refs., 4 figs

Cost analysis methodology of spent fuel storage

International Nuclear Information System (INIS)

1994-01-01

The report deals with the cost analysis of interim spent fuel storage; however, it is not intended either to give a detailed cost analysis or to compare the costs of the different options. This report provides a methodology for calculating the costs of different options for interim storage of the spent fuel produced in the reactor cores. Different technical features and storage options (dry and wet, away from reactor and at reactor) are considered and the factors affecting all options defined. The major cost categories are analysed. Then the net present value of each option is calculated and the levelized cost determined. Finally, a sensitivity analysis is conducted taking into account the uncertainty in the different cost estimates. Examples of current storage practices in some countries are included in the Appendices, with description of the most relevant technical and economic aspects. 16 figs, 14 tabs

Approximate kernel competitive learning.

Science.gov (United States)

Wu, Jian-Sheng; Zheng, Wei-Shi; Lai, Jian-Huang

2015-03-01

Kernel competitive learning has been successfully used to achieve robust clustering. However, kernel competitive learning (KCL) is not scalable for large scale data processing, because (1) it has to calculate and store the full kernel matrix that is too large to be calculated and kept in the memory and (2) it cannot be computed in parallel. In this paper we develop a framework of approximate kernel competitive learning for processing large scale dataset. The proposed framework consists of two parts. First, it derives an approximate kernel competitive learning (AKCL), which learns kernel competitive learning in a subspace via sampling. We provide solid theoretical analysis on why the proposed approximation modelling would work for kernel competitive learning, and furthermore, we show that the computational complexity of AKCL is largely reduced. Second, we propose a pseudo-parallelled approximate kernel competitive learning (PAKCL) based on a set-based kernel competitive learning strategy, which overcomes the obstacle of using parallel programming in kernel competitive learning and significantly accelerates the approximate kernel competitive learning for large scale clustering. The empirical evaluation on publicly available datasets shows that the proposed AKCL and PAKCL can perform comparably as KCL, with a large reduction on computational cost. Also, the proposed methods achieve more effective clustering performance in terms of clustering precision against related approximate clustering approaches. Copyright © 2014 Elsevier Ltd. All rights reserved.

Sperm competition games when males invest in paternal care.

Science.gov (United States)

Requena, Gustavo S; Alonzo, Suzanne H

2017-08-16

Sperm competition games investigate how males partition limited resources between pre- and post-copulatory competition. Although extensive research has explored how various aspects of mating systems affect this allocation, male allocation between mating, fertilization and parental effort has not previously been considered. Yet, paternal care can be energetically expensive and males are generally predicted to adjust their parental effort in response to expected paternity. Here, we incorporate parental effort into sperm competition games, particularly exploring how the relationship between paternal care and offspring survival affects sperm competition and the relationship between paternity and paternal care. Our results support existing expectations that (i) fertilization effort should increase with female promiscuity and (ii) paternal care should increase with expected paternity. However, our analyses also reveal that the cost of male care can drive the strength of these patterns. When paternal behaviour is energetically costly, increased allocation to parental effort constrains allocation to fertilization effort. As paternal care becomes less costly, the association between paternity and paternal care weakens and may even be absent. By explicitly considering variation in sperm competition and the cost of male care, our model provides an integrative framework for predicting the interaction between paternal care and patterns of paternity. © 2017 The Author(s).

Competitiveness of Brazilian sugarcane ethanol compared to US corn ethanol

International Nuclear Information System (INIS)

Crago, Christine L.; Khanna, Madhu; Barton, Jason; Giuliani, Eduardo; Amaral, Weber

2010-01-01

Corn ethanol produced in the US and sugarcane ethanol produced in Brazil are the world's leading sources of biofuel. Current US biofuel policies create both incentives and constraints for the import of ethanol from Brazil and together with the cost competitiveness and greenhouse gas intensity of sugarcane ethanol compared to corn ethanol will determine the extent of these imports. This study analyzes the supply-side determinants of cost competitiveness and compares the greenhouse gas intensity of corn ethanol and sugarcane ethanol delivered to US ports. We find that while the cost of sugarcane ethanol production in Brazil is lower than that of corn ethanol in the US, the inclusion of transportation costs for the former and co-product credits for the latter changes their relative competitiveness. We also find that the relative cost of ethanol in the US and Brazil is highly sensitive to the prevailing exchange rate and prices of feedstocks. At an exchange rate of US1=R2.15 the cost of corn ethanol is 15% lower than the delivered cost of sugarcane ethanol at a US port. Sugarcane ethanol has lower GHG emissions than corn ethanol but a price of over $113 per ton of CO 2 is needed to affect competitiveness. (author)

Illiquidity Premia in the Equity Options Market

DEFF Research Database (Denmark)

Christoffersen, Peter; Goyenko, Ruslan; Jacobs, Kris

Illiquidity is well-known to be a significant determinant of stock and bond returns. We report on illiquidity premia in the equity options market. An increase in option illiquidity decreases the current option price and implies higher expected option returns. This effect is statistically and econ......Illiquidity is well-known to be a significant determinant of stock and bond returns. We report on illiquidity premia in the equity options market. An increase in option illiquidity decreases the current option price and implies higher expected option returns. This effect is statistically...... and economically signifi…cant. It is robust across different empirical approaches and when including various control variables. The illiquidity of the underlying stock affects the option return negatively, consistent with a hedging argument: When stock market illiquidity increases, the cost of replicating...

Analyzing competition in intermodal freight transport networks

NARCIS (Netherlands)

Saeedi, Hamid; Wiegmans, Bart; Behdani, Behzad; Zuidwijk, Rob

2017-01-01

To cope with an intense and competitive environment, intermodal freight transport operators have increasingly adopted business practices —like horizontal and vertical business integration—which aim to reduce the operational costs, increase the profit margins, and improve their competitive position

Proposals for software analysis of cost effectiveness and cost-benefit for optimisation of radiation protection

International Nuclear Information System (INIS)

Schieber, C.; Lombard, J.; Lefaure, C.

1990-06-01

The objective of this report is to present the principles of decision making software for radiation protection option, applying ALARA principle. The choice of optimum options is performed by applying the models of cost effectiveness and cost-benefit. Options of radiation protection are described by two indicators: a simple economic indicator: cost of radiation protection; and dosimetry indicator: collective dose related to protection. For both analyses the software enables sensitivity analysis. It would be possible to complete the software by integrating a module which would take into account combinations of two options since they are not independent

Competitive assessment of the US: Renewable energy equipment industry

Energy Technology Data Exchange (ETDEWEB)

1984-12-01

This report is a competitive assessment of the U.S. renewable energy equipment industry. The contents include: Definition of technologies; Industry characteristics; Historical perspectives; Industry performance; Trends and projections; The world marketplace; and Issues and options.

Using electricity options to hedge against financial risks of power producers

DEFF Research Database (Denmark)

Pineda Morente, Salvador; Conejo, Antonio J.

2013-01-01

or unexpected unit failures faced by power producers. A multi-stage stochastic model is described in this tutorial paper to determine the optimal forward and option contracting decisions for a risk-averse power producer. The key features of electricity options to reduce both price and availability risks......As a consequence of competition in electricity markets, a wide variety of financial derivatives have emerged to allow market agents to hedge against risks. Electricity options and forward contracts constitute adequate instruments to manage the financial risks pertaining to price volatility...

A research model of health-care competition and customer satisfaction.

Science.gov (United States)

Asoh, Derek A; Rivers, Patrick A

2007-11-01

In all industries, competition among businesses has long been encouraged as a mechanism to increase value for customers. In other words, competition ensures the provision of better products and services to satisfy the needs of customers. Various perspectives of competition, the nature of service quality, health-care system costs and customer satisfaction in health care are examined. A model of the relationship among these variables is developed. The model depicts customer satisfaction as an outcome measure directly dependent on competition. Quality of care and health-care system costs, while also directly dependent on competition, are considered as determinants of customer satisfaction as well. The model is discussed in the light of propositions for empirical research.

Cost comparison between base-load coal-fired and nuclear plants in the midterm future (1985--2015)

International Nuclear Information System (INIS)

Phung, D.L.

1976-09-01

The purpose of this study is to examine the relative costs of the coal and nuclear modes of electricity generation in the period between 1985 and 2015. These two modes of power generation are likely to be the mainstay source of electric power in the United States for that time period. A thorough understanding of their competitiveness not only is important in utility companies' decisions to go one route or the other but also is important to the government and the public when answers must be found for difficult questions, such as economic and environmental implications of a massive societal leaning toward one or the other option. In this study, the primary and secondary factors that affect the cost comparison of coal-fired and nuclear plant options for the midterm future have been separated and arranged so that they can be examined systematically. Estimated inflation of the economy and net fuel cost increases are internalized in the determination of life-cycle levelized cost of electricity in several plausible scenarios. Baseline data for capital and operating costs at beginning-of-life are determined by the tax rate, the expected rate of inflation at the time of capitalization, the net rate of fuel cost increases, and future eventualities of inflation. Other factors such as plant life spans, capacity factors, changes in baseline capital, and fuel cost are considered in sensitivity studies

When to Wait for More Evidence? Real Options Analysis in Proton Therapy

Science.gov (United States)

Abrams, Keith R.; de Ruysscher, Dirk; Pijls-Johannesma, Madelon; Peters, Hans J.M.; Beutner, Eric; Lambin, Philippe; Joore, Manuela A.

2011-01-01

Purpose. Trends suggest that cancer spending growth will accelerate. One method for controlling costs is to examine whether the benefits of new technologies are worth the extra costs. However, especially new and emerging technologies are often more costly, while limited clinical evidence of superiority is available. In that situation it is often unclear whether to adopt the new technology now, with the risk of investing in a suboptimal therapy, or to wait for more evidence, with the risk of withholding patients their optimal treatment. This trade-off is especially difficult when it is costly to reverse the decision to adopt a technology, as is the case for proton therapy. Real options analysis, a technique originating from financial economics, assists in making this trade-off. Methods. We examined whether to adopt proton therapy, as compared to stereotactic body radiotherapy, in the treatment of inoperable stage I non-small cell lung cancer. Three options are available: adopt without further research; adopt and undertake a trial; or delay adoption and undertake a trial. The decision depends on the expected net gain of each option, calculated by subtracting its total costs from its expected benefits. Results. In The Netherlands, adopt and trial was found to be the preferred option, with an optimal sample size of 200 patients. Increase of treatment costs abroad and costs of reversal altered the preferred option. Conclusion. We have shown that real options analysis provides a transparent method of weighing the costs and benefits of adopting and/or further researching new and expensive technologies. PMID:22147003

Energy and competition. Supplying Europe with safe and low-cost energy

International Nuclear Information System (INIS)

Kuhnt, D.

1994-01-01

The EC Commission and the Energy Committee of the European Parliament want to achieve more competition in energy supply. To this end, deregulation is to be carried out as a first step. The proposals under discussion are based on the English-Welsh model which, however, can hardly be applied to the whole of the EC and not at all to Germany, as it provides for government controlled ''pseudo''-competition to override real competition. At the same time, the German Federal Cartel Office tries to abolish altogether the concept of territorial protection. In a ''competition'' brought about by such means, foreign utilities operating in Germany would enjoy advantages over domestic utilities. From an all-European point of view, also the draft amendment to the Energy Economy Act proposed by the German Federal Ministry of Economics, and a number of regulations covering energy trust legislation, are appearing at the wrong time. (orig.) [de

Competition and Outsourcing with Scale Economies

OpenAIRE

Gérard P. Cachon; Patrick T. Harker

2002-01-01

Scale economies are commonplace in operations, yet because of analytical challenges, relatively little is known about how firms should compete in their presence. This paper presents a model of competition between two firms that face scale economies; (i.e., each firm's cost per unit of demand is decreasing in demand). A general framework is used, which incorporates competition between two service providers with price- and time-sensitive demand (a queuing game), and competition between two reta...

Competition under capacitated dynamic lot-sizing with capacity acquisition

DEFF Research Database (Denmark)

Li, Hongyan; Meissner, Joern

2011-01-01

Lot-sizing and capacity planning are important supply chain decisions, and competition and cooperation affect the performance of these decisions. In this paper, we look into the dynamic lot-sizing and resource competition problem of an industry consisting of multiple firms. A capacity competition...... production setup, along with inventory carrying costs. The individual production lots of each firm are limited by a constant capacity restriction, which is purchased up front for the planning horizon. The capacity can be purchased from a spot market, and the capacity acquisition cost fluctuates...

A model to enable indirect manufacturing options transactions between organisations: An application to the ceramic industry

International Nuclear Information System (INIS)

Rodriguez-Rodriguez, R.; Gomez-Gasquet, P.; Oltra-Badenes, R. F.

2014-01-01

In the current competitive contexts, it is widely accepted and proved that inter-enterprise collaboration lead in many occasions to better results. The Spanish ceramic industry must improve, dropping its manufacturing costs in order to be able to compete with low cost products coming from Asia. In this sense, this work presents the main results obtained from applying an innovative model, which facilitates the transfer of manufacturing options between two ceramic enterprises that share a common supplier in the scenario where one of them needs more manufacturing capacity than the one booked according to its demand forecast and the another need less. Then, some decisional mechanisms are applied, which output the values for certain parameters in order to augment the benefit of all the three participants. With the application of this model better organisational results both economic and of service level are achieved. (Author)

Expensing stock options: a fair-value approach.

Science.gov (United States)

Kaplan, Robert S; Palepu, Krishna G

2003-12-01

Now that companies such as General Electric and Citigroup have accepted the premise that employee stock options are an expense, the debate is shifting from whether to report options on income statements to how to report them. The authors present a new accounting mechanism that maintains the rationale underlying stock option expensing while addressing critics' concerns about measurement error and the lack of reconciliation to actual experience. A procedure they call fair-value expensing adjusts and eventually reconciles cost estimates made at grant date with subsequent changes in the value of the options, and it does so in a way that eliminates forecasting and measurement errors over time. The method captures the chief characteristic of stock option compensation--that employees receive part of their compensation in the form of a contingent claim on the value they are helping to produce. The mechanism involves creating entries on both the asset and equity sides of the balance sheet. On the asset side, companies create a prepaid-compensation account equal to the estimated cost of the options granted; on the owners'-equity side, they create a paid-in capital stock-option account for the same amount. The prepaid-compensation account is then expensed through the income statement, and the stock option account is adjusted on the balance sheet to reflect changes in the estimated fair value of the granted options. The amortization of prepaid compensation is added to the change in the option grant's value to provide the total reported expense of the options grant for the year. At the end of the vesting period, the company uses the fair value of the vested option to make a final adjustment on the income statement to reconcile any difference between that fair value and the total of the amounts already reported.

Pyrrhic Victories: The Need for Social Status Drives Costly Competitive Behavior.

Directory of Open Access Journals (Sweden)

Wouter eVan Den Bos

2013-10-01

Full Text Available Competitive behavior is commonly defined as the decision to maximize one’s payoffs relative to others. We argue instead that competitive drive derives from a desire for social status. We make use of a multi-player auction task in which subjects knowingly incur financial losses for the sake of winning auctions. First, we show that overbidding is increased when the task includes members of a rival out-group, suggesting that social identity is an important mediator of competitiveness. In addition, we show that the extent that individuals are willing to incur losses is related to affective responses to social comparisons but not to monetary outcomes. Second, we show that basal levels of testosterone predict overbidding, and that this effect of testosterone is mediated by affective responses to social comparisons. Based on these findings, we argue that competitive behavior should be conceptualized in terms of social motivations as opposed to just relative monetary payoffs.

Spatial Competition with Entry Deterrence considering Horizontal Product Differentiations

Directory of Open Access Journals (Sweden)

Ai-nong Zhou

2013-01-01

Full Text Available Spatial competition plays important roles in economics, which attracts extensive research. This paper addresses spatial competitions along with horizontal product differentiations and entry deterrence. By the dynamic game theory model about one firm and a potential entrant with different cost in a linear city, this paper finds that both the higher fixed setup cost and the higher transportation cost deter entrants. To efficiently deter the entrants, the establisher is inclined to locating at the middle point of the linear city.

Methodology for the economic evaluation of cogeneration/desalination options: A user's manual

International Nuclear Information System (INIS)

1997-01-01

The Methodology for the Economic Evaluation of Cogeneration/Desalination Options is suitable for economic evaluations and screening analyses of various desalination and energy source options. The methodology, based on the spreadsheet, includes simplified models of several types of nuclear/fossil power plants, nuclear/fossil heat sources, and both distillation and membrane desalination plants. Current cost and performance data have already been incorporated so that the spreadsheet can be quickly adapted to analyze a large variety of options with very little new input data required. The spreadsheet output includes the levelized cost of water and power, breakdowns of cost components, energy consumption and net saleable power for each selected option. Specific power plants can be modeled by adjustment of input data including design power, power cycle parameters and costs

The effects of nurse staffing on hospital financial performance: competitive versus less competitive markets.

Science.gov (United States)

Everhart, Damian; Neff, Donna; Al-Amin, Mona; Nogle, June; Weech-Maldonado, Robert

2013-01-01

Hospitals facing financial uncertainty have sought to reduce nurse staffing as a way to increase profitability. However, nurse staffing has been found to be important in terms of quality of patient care and nursing-related outcomes. Nurse staffing can provide a competitive advantage to hospitals and as a result of better financial performance, particularly in more competitive markets. In this study, we build on the Resource-Based View of the Firm to determine the effect of nurse staffing on total profit margin in more competitive and less competitive hospital markets in Florida. By combining a Florida statewide nursing survey with the American Hospital Association Annual Survey and the Area Resource File, three separate multivariate linear regression models were conducted to determine the effect of nurse staffing on financial performance while accounting for market competitiveness. The analysis was limited to acute care hospitals. Nurse staffing levels had a positive association with financial performance (β = 3.3, p = .02) in competitive hospital markets, but no significant association was found in less competitive hospital markets. Hospitals in more competitive hospital markets should reconsider reducing nursing staff, as these cost-cutting measures may be inefficient and negatively affect financial performance.

Essays on price cap regulation and yardstick competition

Science.gov (United States)

Noronha, Vernon Andrew

This dissertation presents three papers on the regulation of monopoly firms in the same industry using yardstick competition to determine prices. In the first paper, "Yardstick Competition for Diversified Firms," we extend Shleifer's (1985) model to the case of diversified firms, and find that the social optimum, in which firms would need to produce at lower marginal cost than in Shleifer's model, is unlikely to be attained through profit maximization. In the second paper, "Cost Reduction under a Regression-Based Revenue Cap Regime," we identify certain hitherto unexplored and potentially undesirable properties for the form of yardstick competition that is widely applied. Allowed revenue totals for monopoly utility firms are determined by a regression of all firms' current costs on their cost drivers. It is shown that this mechanism induces firms to invest less in cost-reducing technology than if prices are determined purely exogenously, and that such cost-distorting behavior is not uniform across the industry. In particular, firms whose sizes are most different from the industry-mean elevate their costs proportionately much more than firms of similar size to the mean. However, this distortion vanishes as the number of firms grows large. In the third paper, "Predicted Cost-Distorting Conduct by UK Electricity Distribution Firms," by undertaking numerical examples using data on the UK electricity distribution industry, we discover that although the currently employed system of yardstick competition may have theoretical shortcomings, in practice, these are of slight consequence. There is found to be relatively little predicted distortion of costs for the majority of firms. In fact, this system is shown to generate greater social welfare than a similar system in which firms would not have any incentive to distort costs, unless consumer surplus enjoys a very high weight relative to industry profits. It is also shown that mergers within the industry could have an

Recirculating induction accelerator as a low-cost driver for heavy ion fusion

International Nuclear Information System (INIS)

Barnard, J.J.; Newton, M.A.; Reginato, L.L.; Sharp, W.M.; Shay, H.D.; Yu, S.S.

1991-09-01

As a fusion driver, a heavy ion accelerator offers the advantages of efficient target coupling, high reliability, and long stand-off focusing. While the projected cost of conventional heavy ion fusion (HIF) drivers based on multiple beam induction linacs are quite competitive with other inertial driver options, a driver solution which reduces the cost by a factor of two or more will make the case for HIF truly compelling. The recirculating induction accelerator has the potential of large cost reductions. For this reason, an intensive study of the recirculator concept was performed by a team from LLNL and LBL over the past year. We have constructed a concrete point design example of a 4 MJ driver with a projected efficiency of 35% and projected cost of less than 500 million dollars. A detailed report of our findings during this year of intensive studies has been recently completed. 3 refs., 2 figs., 2 tabs

Government`s response to the competitiveness problem

Energy Technology Data Exchange (ETDEWEB)

Gover, J.; Huray, P.; Carayannis, E.

1997-11-01

This paper presents an analysis of how the US government responded to the concern in the 1980`s that US companies were experiencing problems of competitiveness in international markets. By the mid 1980`s there was great and growing concern throughout the US that US companies were experiencing difficulties in international competition. Pressure on Congress to take action came from constituents seeking jobs and companies that would directly benefit (this usually means receive public money) from programs that Congress might initiate. The fact that most constituent calls to Congress were about job creation was lost in the on-rush of R&D performers seeking funds for their favorite R&D project. In response, Congress created the Advanced Technology Program, the Technology Transfer Initiative, and the Technology Reinvestment Project, expanded the responsibilities of ARPA/DARPA, increased funding for the Small Business Initiative, expanded the Manufacturing Extension Partnership, funded SEMATECH, and increased NSF funding for basic research at universities. Many of these programs were later criticized for being industrial welfare and several were cut-back or stopped. Retrospective analysis shows that few of these programs addressed the root cause of competitiveness difficulties. In fact, by the time most of these programs were in place, US companies were well on their way to correcting their competitiveness problems. In addition, few were relevant to companies` often expressed concerns about workforce training, regulatory costs, and access to foreign markets. Twenty percent reductions in health care costs, regulatory costs, and education costs could annually pump $500 billion into the US economy and make companies operating in the US much more competitive in international markets.

Economic competitiveness of windmills

Energy Technology Data Exchange (ETDEWEB)

Lapin, E E

1977-01-01

The conditions under which windmills become competitive with the generation of electric power from fossil fuels are examined. The influence of cost of construction, financing arrangements, and the future cost of fuels is shown. Energy storage and network arrangements for mills are considered briefly, as are alternate uses for mills, e.g., the utilization of mill output directly for heating or for the production of a fuel.

Centrifugal compressor design options for small turbochargers

Energy Technology Data Exchange (ETDEWEB)

Rodgers, C. [ITC, San Diego (United States)

1998-07-01

Evolutionary development of the small turbocharger centrifugal compressor over the past four decades has resulted in a finely honed turbomachinery component satisfying both thermodynamic and economic constraints. At this penultimate stage of development an appraisal was considered timely of the remaining design options that exist to enhance the performance characteristics and cost reduction features. This paper presents the results of an analytical study of various small centrifugal compressor design options, assessed in merit of both aerodynamic and manufacturing cost attributes, together with recommendations for future research avenues. (author)

Price Competition on Graphs

OpenAIRE

Adriaan R. Soetevent

2010-01-01

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. I propose an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. One feature of graph models of price competition is that spatial discontinuities in firm-level demand may occur. I show that the existence result of D'Aspremont et al. (1979) does not extend to simple star graphs. I conjecture that this non-existence result holds...

Price Competition on Graphs

OpenAIRE

Pim Heijnen; Adriaan Soetevent

2014-01-01

This paper extends Hotelling's model of price competition with quadratic transportation costs from a line to graphs. We derive an algorithm to calculate firm-level demand for any given graph, conditional on prices and firm locations. These graph models of price competition may lead to spatial discontinuities in firm-level demand. We show that the existence result of D'Aspremont et al. (1979) does not extend to simple star graphs and conjecture that this non-existence result holds more general...

The costs and benefits of reconstruction options in Nepal using the CEDIM FDA modelled and empirical analysis following the 2015 earthquake

Science.gov (United States)

Daniell, James; Schaefer, Andreas; Wenzel, Friedemann; Khazai, Bijan; Girard, Trevor; Kunz-Plapp, Tina; Kunz, Michael; Muehr, Bernhard

2016-04-01

Over the days following the 2015 Nepal earthquake, rapid loss estimates of deaths and the economic loss and reconstruction cost were undertaken by our research group in conjunction with the World Bank. This modelling relied on historic losses from other Nepal earthquakes as well as detailed socioeconomic data and earthquake loss information via CATDAT. The modelled results were very close to the final death toll and reconstruction cost for the 2015 earthquake of around 9000 deaths and a direct building loss of ca. 3 billion (a). A description of the process undertaken to produce these loss estimates is described and the potential for use in analysing reconstruction costs from future Nepal earthquakes in rapid time post-event. The reconstruction cost and death toll model is then used as the base model for the examination of the effect of spending money on earthquake retrofitting of buildings versus complete reconstruction of buildings. This is undertaken future events using empirical statistics from past events along with further analytical modelling. The effects of investment vs. the time of a future event is also explored. Preliminary low-cost options (b) along the line of other country studies for retrofitting (ca. 100) are examined versus the option of different building typologies in Nepal as well as investment in various sectors of construction. The effect of public vs. private capital expenditure post-earthquake is also explored as part of this analysis, as well as spending on other components outside of earthquakes. a) http://www.scientificamerican.com/article/experts-calculate-new-loss-predictions-for-nepal-quake/ b) http://www.aees.org.au/wp-content/uploads/2015/06/23-Daniell.pdf

Least cost analysis of Belarus electricity generation system with focus on nuclear option

International Nuclear Information System (INIS)

Mikhalevich, A.; Yakushau, A.

2004-01-01

accepted in Russia for NPP placement sites. The result of the preliminary studies had shown that there are at least three suitable sites for construction of the NPP. It allows including nuclear power option in the list of possible technologies for electricity generation. Optimal expansion plan of the electricity generation system based on installation new combine cycle units, co-generation units and nuclear power plants has been developed. Optimal least cost expansion plan has been chosen as a result of comparative analysis of the three scenarios: Scenario 1: Steam turbine, Combined cycle, Gas turbine, Co-generation turbine, Natural gas; Scenario 2: Steam turbine, Combined cycle, Gas turbine, Co-generation turbine, Natural gas, Coal; Scenario 3: Steam turbine, Combined cycle, Gas turbine, Co-generation turbine, Natural gas, Nuclear. Using WASP III plus computer code optimal electricity generation system expansion plan for each scenario had been found. Calculations had been carried out for discount rate equaled 8 %. The results of calculation are shown that electricity system expansion plan based on utilization of coal as a fuel has highest generation cost. Otherwise, implementation on nuclear power will allow decreasing generation cost up to 3.26 cents/kWh. In accordance with calculation optimal solution includes construction four nuclear units and first unit has to start up in 2014 year. For Scenario based on natural gas and nuclear fuel mix is expected to be least total electricity generation cost and it is most economically attractive option.(author)

Agglomeration economies, competitiveness and entrepreneurial performance

OpenAIRE

Páger, Balázs; Komlósi, Éva

2015-01-01

This paper aims to elaborate the role of agglomeration effects on countries' competitiveness and entrepreneurial performance. Our research contributes to the understanding of the relationship that exists between a country's urban system characterized by spatial agglomeration (concentration) or deglomeration (deconcentration) processes, and its competitiveness and entrepreneurial performance, respectively. Urbanization economies refer to considerable cost savings generated through the locating...

Batteries: Lower cost than gasoline?

International Nuclear Information System (INIS)

Werber, Mathew; Fischer, Michael; Schwartz, Peter V.

2009-01-01

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

Modeling the international competitiveness of Botswana's coal

Science.gov (United States)

Fichani, Khaulani

Botswana has vast proven deposits of steam coal, which for a long time it has wanted to develop but without much success. The main objectives of this study are: (1) to analyze the time schedule of coal exports likely to be forthcoming from Botswana and the land routes for these exports; (2) to determine the competitiveness of Botswana's coal in the world steam coal markets and (3) to make recommendations on the appropriate policy for the exploitation of this coal. To accomplish these objectives, we construct a model of the seaborne steam coal trade consisting of exporters and importers with a substantial share in this trade. We econometrically estimate the long run marginal cost functions for net exporters and employ these to construct a spatial and dynamic model of the world steam coal trade with elastic supply and inelastic demand. This model is applied to simulate Botswana's competitiveness in this trade over the period 1995 to 2010 from a 1990 base year with a decision criterion that minimizes the sum of discounted capital costs of mine development, variable supply costs, rail and maritime transportation costs. Finally, we employ the model to forecast the likely optimal size of mine, timing of production capacity and choice of export port for Botswana's coal for the years 2005 and 2010. The base year for the forecast is 2000. The simulation results indicate that Botswana's coal would have been competitive in the steam coal markets of Western Europe and Asia. The forecast results indicate that Botswana's coal would also be competitive in these markets in the future. These results are least sensitive to changes in rail transportation and variable supply costs but are sensitive to capital costs for mine development.

The Economic Effect of Competition in the Air Transportation Industry

Science.gov (United States)

Hubbard, H. B.

1972-01-01

The air transportation industry has been described as a highly-competitive, regulated oligopoly or as a price-regulated cartel with blocked entry, resulting in excessive service and low load factors. The current structure of the industry has been strongly influenced by the hypotheses that increased levels of competition are desirable per se, and that more competing carriers can be economically supported in larger markets, in longer haul markets, with lower unit costs, and with higher fare levels. An elementary application of competition/game theory casts doubt on the validity of these hypotheses, but rather emphasizes the critical importance of the short-term non-variable costs in determining economic levels of competition.

EPR, a GEN 3 Reactor providing a competitive electricity cost

International Nuclear Information System (INIS)

Salhi, Othman

2006-01-01

Since the very beginning of the development of what was to become the EPR, several European entities were involved. The French and German safety authorities expressed that reinforced safety was compulsory. Additional measures were then included to prevent the occurrence of events likely to damage the core, and reduce the possibility of exposure of operating and maintenance personnel. However, not with standing these safety related features resulting from the requirements of the safety authorities, we will focus today on another group of entities that were key players in EPR development: the Utilities. The Utilities voiced their need for a competitive electricity produced and a competitive nuclear reactor. The tradeoff was then to reach both targets in a unique product: a safer and more competitive NPP. Today, the EPR presents features that enable our clients to compete with the cheapest fossil-based electricity production plants. Increased thermal efficiency is obtained both through a higher steam pressure and through careful optimization of the secondary system thermal cycle

Multi-criteria evaluation for CHP system options

International Nuclear Information System (INIS)

Pilavachi, P.A.; Roumpeas, C.P.; Minett, S.; Afgan, N.H.

2006-01-01

Several Combined Heat and Power (CHP) system options have been considered for evaluation with respect to the end-user requirements. These included Internal Combustion Engines (Otto and Diesel), Gas Turbines, Steam Turbines and Combined Cycles covering a wide range of electrical output. Data have been obtained from literature and the CHP systems have been evaluated using different criteria such as overall efficiency, investment cost, fuel cost, electricity cost, heat cost, CO 2 production and footprint. A multi-criteria method is used with an agglomeration function based on the statistical evaluation of weight factors. The technical, economic and social aspects of each system have been evaluated in an integrated manner and the results have been compared by means of the Sustainability Index. Based on the above criteria and depending on the user requirements, the best CHP system options have been established

Fuel prices, emission standards, and generation costs for coal vs natural gas power plants.

Science.gov (United States)

Pratson, Lincoln F; Haerer, Drew; Patiño-Echeverri, Dalia

2013-05-07

Low natural gas prices and stricter, federal emission regulations are promoting a shift away from coal power plants and toward natural gas plants as the lowest-cost means of generating electricity in the United States. By estimating the cost of electricity generation (COE) for 304 coal and 358 natural gas plants, we show that the economic viability of 9% of current coal capacity is challenged by low natural gas prices, while another 56% would be challenged by the stricter emission regulations. Under the current regulations, coal plants would again become the dominant least-cost generation option should the ratio of average natural gas to coal prices (NG2CP) rise to 1.8 (it was 1.42 in February 2012). If the more stringent emission standards are enforced, however, natural gas plants would remain cost competitive with a majority of coal plants for NG2CPs up to 4.3.

Electricity to natural gas competition under customer-side technological change: a marginal cost pricing analysis

International Nuclear Information System (INIS)

Gulli', Francesco

2004-01-01

This paper aims at evaluating the impact of technological change (on the customer side of the meter) on the network energy industry (electricity and natural gas). The performances of the small gas fired power technologies and the electrical reversible heat pumps have improved remarkably over the last ten years, making possible (or more viable) two opposite technological trajectories: the fully gas-based system, based on the use of small CHP (combined heat and power generation) plants, which would involve a wide decentralisation of energy supply; the fully electric-based system, based on the use of reversible electric heat pumps, which would imply increasing centralisation of energy supply. The analysis described in this paper attempts to evaluate how these two kinds of technological solutions can impact on inter-service competition when input prices are ste equals to marginal costs of supply in each stage of the electricity and natural gas industries. For this purpose, unbundled prices over time and over space are simulated. In particular the paper shows that unbundling prices over space in not very important in affecting electricity to natural gas competition and that, when prices are set equal to long-run marginal costs, the fully electric-based solution (the reversible heat pump) is by far preferable to the fully gas-based solution (the CHP gas fired small power plant). In consequence, the first best outcome of the technological change would involve increasing large power generation and imported (from the utility grid) electricity consumption. Given this framework, we have to ask ourselves why operators, regulators and legislators are so optimistic about the development of the fully gas-based solutions. In this respect, the paper suggests that market distortions (such as market power, energy taxation and inefficient pricing regulation) might have give an ambiguous representation of the optimal technological trajectory, inducing to overestimate the social value

Hazardous landfill management, control options

International Nuclear Information System (INIS)

Corbin, M.H.; Lederman, P.B.

1982-01-01

The land disposal of hazardous wastes has been a common practice over the last half century. The industrial and environmental communities, as well as the public, have an immediate challenge to control the contaminants that may be released from waste land disposal facilities. At the same time, land disposal continues to be, in many cases, the only available disposal technique that can be utilized in the next five years. Thus, it is extremely important that environmentally sound landfill management and control techniques be utilized, both for inactive and active sites. There are a number of key steps in developing a sound management and control plan. These include problem definition, personnel safety, characterization, evaluation of control options, cost-effectiveness analysis and development of an integrated control plan. A number of control options, including diversion, regrading, sealing, and leachate treatment are available and more cost effective in most cases than waste removal. These and other options, as well as the methodology to develop an integrated control plan, are discussed, together with examples. (Auth.)

Feed-backs among inbreeding, inbreeding depression in sperm traits, and sperm competition can drive evolution of costly polyandry.

Science.gov (United States)

Bocedi, Greta; Reid, Jane M

2017-12-01

Ongoing ambitions are to understand the evolution of costly polyandry and its consequences for species ecology and evolution. Emerging patterns could stem from feed-back dynamics between the evolving mating system and its genetic environment, defined by interactions among kin including inbreeding. However, such feed-backs are rarely considered in nonselfing systems. We use a genetically explicit model to demonstrate a mechanism by which inbreeding depression can select for polyandry to mitigate the negative consequences of mating with inbred males, rather than to avoid inbreeding, and to elucidate underlying feed-backs. Specifically, given inbreeding depression in sperm traits, costly polyandry evolved to ensure female fertility, without requiring explicit inbreeding avoidance. Resulting sperm competition caused evolution of sperm traits and further mitigated the negative effect of inbreeding depression on female fertility. The evolving mating system fed back to decrease population-wide homozygosity, and hence inbreeding. However, the net overall decrease was small due to compound effects on the variances in sex-specific reproductive success and paternity skew. Purging of deleterious mutations did not eliminate inbreeding depression in sperm traits or hence selection for polyandry. Overall, our model illustrates that polyandry evolution, both directly and through sperm competition, might facilitate evolutionary rescue for populations experiencing sudden increases in inbreeding. © 2017 The Author(s). Evolution © 2017 The Society for the Study of Evolution.

Cost estimates for nuclear power in the UK

International Nuclear Information System (INIS)

Harris, Grant; Heptonstall, Phil; Gross, Robert; Handley, David

2013-01-01

Current UK Government support for nuclear power has in part been informed by cost estimates that suggest that electricity from new nuclear power stations will be competitive with alternative low carbon generation options. The evidence and analysis presented in this paper suggests that the capital cost estimates for nuclear power that are being used to inform these projections rely on costs escalating over the pre-construction and construction phase of the new build programme at a level significantly below those that have been experienced by past US and European programmes. This paper applies observed construction time and cost escalation rates to the published estimates of capital costs for new nuclear plant in the UK and calculates the potential impact on levelised cost per unit of electricity produced. The results suggest that levelised cost may turn out to be significantly higher than expected which in turn has important implications for policy, both in general terms of the potential costs to consumers and more specifically for negotiations around the level of policy support and contractual arrangements offered to individual projects through the proposed contract for difference strike price. -- Highlights: •Nuclear power projects costs can rise substantially during the construction period. •Pre-construction and construction time can be much longer than anticipated. •Adjusting estimates for observed experience increases levelised costs significantly. •Higher costs suggest that more policy support than envisaged may be required

42 CFR 447.51 - Requirements and options.

Science.gov (United States)

2010-10-01

... 42 Public Health 4 2010-10-01 2010-10-01 false Requirements and options. 447.51 Section 447.51 Public Health CENTERS FOR MEDICARE & MEDICAID SERVICES, DEPARTMENT OF HEALTH AND HUMAN SERVICES..., Premium Or Similar Cost Sharing Charge § 447.51 Requirements and options. (a) The plan must provide that...

Competitive Manufacturing Dynamics

DEFF Research Database (Denmark)

Rymaszewska, Anna; Christensen, Irene; Karlsson, Christer

to constantly improve this process in terms of time to volume, according to predefined cost and quality measures. The importance of the success of this process can lead to a significant creation of competitive advantage. This paper addresses the challenges of the manufacturing ramp-up process in the context...

Reversing nuclear power cost trends

International Nuclear Information System (INIS)

Corey, G.R.; Peoples, D.L.

1988-01-01

Nuclear power production expenses rose steadily during the 5-year period 1979 through 1984 at rates ranging from 15 to 25% per year for nonfuel expenses. During that period, fuel costs rose about 14% per year. Experience of the past few years demonstrates that significant economies-of-scale do exist in plant operation and maintenance. A regional operating company could exploit such economies-of-scale and would also be expected to attract and retain a more-experienced and stable staff. Over the years, that combination should significantly improve plant operating performance and safety. The net effect would be a combination of reduced operating expenses; improved availability; higher capacity factors; and, possibly, lower heat rates. In an era of increasing competition within energy business, all options should be considered carefully. Bold innovation will be the key to a nuclear future. 5 references, 8 figures

Economic requirements for competitive laser fusion power production

International Nuclear Information System (INIS)

Hogan, W.J.; Meier, W.R.

1986-01-01

An economic model of a laser fusion commercial power plant is used to identify the design and operating regimes of the driver, target and reaction chamber that will result in economic competitiveness with future fission and coal plants. The authors find that, for a plant with a net power of 1 GW/sub e/, the cost of the driver must be less than $0.4 to 0.6 B, and the recirculating power fraction must be less than 25%. Target gain improvements at low driver energy are the most beneficial but also the most difficult to achieve. The optimal driver energy decreases with increasing target technology. The sensitivity of the cost of electricity to variations in cost and performance parameters decreases with increasing target technology. If chamber pulse rates of a few Hz can be achieved, then gains of 80-100 are sufficient, and higher pulse rates do not help much. Economic competitiveness becomes more difficult with decreasing plant size. Finally, decreasing the cost of the balance of plant has the greatest beneficial effect on economic competitiveness

Options to address concerns regarding EU ETS induced increases in power prices and generators' profits. The case of carbon cost pass-through in Germany and the Netherlands

International Nuclear Information System (INIS)

Sijm, J.P.M.; Hers, J.S.; Wetzelaer, B.J.H.W.

2008-02-01

Power prices in EU countries have increased significantly since the European Emissions Trading Scheme (EU ETS) became effective on 1 January 2005. This suggests that these increases in power prices are due to this scheme, in particular the pass-through of the costs of EU allowances (EUAs) to cover the CO2 emissions of eligible installations. In all sectors, however - including the power sector - eligible installations have usually received almost all of their needed allowances for free during the first phase of the EU ETS (2005-07). In several EU countries, the coincidence of the increases in power prices and the implementation of the EU ETS has raised questions, and sometimes fierce political debate, on whether power producers have indeed passed through the costs of freely allocated CO2 allowances to electricity prices, and to what extent the increase in these prices can be attributed to this pass-through or to other factors. In addition, it has raised discussions on whether - and to what extent - the supposed passing through of these costs has led to additional profits for power producers, that is, the so-called 'windfall profits' induced by the EU ETS. Finally, the supposed ETSinduced increases in power prices and generators' profits has raised concerns affecting the legitimacy of the present EU ETS, including concerns regarding its impact on the international competitiveness of some powerintensive industries, the purchasing power of electricity end-users such as small households or, more generally, the distribution of social welfare among power producers and consumers. As a result, in several countries policy makers and stakeholders have suggested a variety of options to address these concerns, including changing the emissions trading allocation system, taxing windfall profits or controlling market prices of EU carbon allowances, electricity or both. Against this background, the objectives of this chapter include: (a) To analyse empirically the trends in power

Competitive Strategy in Continuing Education.

Science.gov (United States)

Baden, Clifford

1987-01-01

Reviews strategic variables available to those planning continuing education marketing programs. Discusses generic competitive strategies: (1) overall cost leadership, (2) differentiation, and (3) specialization. Mentions several potential problems. (CH)

Have Trends in Corporate Environmental Management Influenced Companies' Competitiveness?

DEFF Research Database (Denmark)

Madsen, Henning; Ulhøi, John Parm

2006-01-01

. The question is, however, whether managers perceive corporate environmental initiatives as a challenge leading to new strategic options and, eventually, increased competitiveness, or whether they regard it as yet another burden. Based on a number of surveys, this paper discusses contemporary trends...

The role of nuclear power in the new competitive era

International Nuclear Information System (INIS)

Pryor, C.W.

1998-01-01

As power generators around the world grapple with the challenges of deregulation and competition, there are those who suggest that ownership of an operating nuclear power plant may prove to be a liability. This is not the case for most plants. On the contrary, nuclear facilities that perform well will be important assets in competitive markets, whether as sources of competitively priced electricity, or as strategic factors in mergers and acquisitions. And, as the world focuses renewed attention on global climate change and the reduction of greenhouse gas emissions, nuclear power's significant environmental benefits further enhances its continued viability. The emergence of competitive markets will create a period of tremendous opportunity and enhanced value for nuclear plants. Nuclear plants, large coal plants, and hydro are the only types that can produce power at the bus bar with production costs close to one cent per kilowatt-hour. The challenge for all nuclear plants is to reduce costs and improve performance in order to improve their net earnings stream. Prospects for dramatic reductions are very high. In recent years, average nuclear plant performance figures worldwide have improved rapidly and substantially, and average costs are dropping. How will nuclear plants compare with alternative energy sources in an era of heightened competition? To evaluate nuclear plants in a competitive environment, this paper will look at three key areas: capital costs; operation and maintenance costs; and fuel costs, including spent fuel issues. The paper will examine innovative strategies to deal with capital or 'sunk costs' such as write-downs through securitization and regional operating companies, and will also focus on best practices in O and M and fuel where all nuclear plants have the potential to move to 'best in class'. The lessons that every nuclear plant can learn from other plants can contribute significantly to the performance improvement process. What has been

Free-roaming dog populations: a cost-benefit model for different management options, applied to Abruzzo, Italy.

Science.gov (United States)

Høgåsen, H R; Er, C; Di Nardo, A; Dalla Villa, P

2013-11-01

Since 1991, Italian free-roaming dogs have been under government protection and euthanasia is restricted by law. Management measures are regulated at the regional level and include: kennelling, adoptions, conversion of stray dogs into block dogs, and population control of owned dogs. "Block dogs" are free-roaming dogs that have been collected by the veterinary services, microchipped, sterilised, vaccinated, and released under the responsibility of the local municipalities. The present paper describes a cost-benefit model for different management options and applies it to two provinces in Abruzzo, central Italy. The model considers welfare, nuisance and direct costs to the municipality. Welfare is quantified based on the expert opinions of 60 local veterinarians, who were asked to assign a score for each dog category according to the five freedoms: freedom from pain, physical discomfort, disease, fear, and freedom to express normal behaviour. Nuisance was assessed only for comparisons between management options, using the number of free-roaming dogs per inhabitant as a proxy indicator. A community dog population model was constructed to predict the effect of management on the different subpopulations of dogs during a ten-year period. It is a user-friendly deterministic model in Excel, easily adaptable to different communities to assess the impact of their dog management policy on welfare, nuisance and direct monetary cost. We present results for Teramo and Pescara provinces. Today's management system is compared to alternative models, which evaluate the effect of specific interventions. These include either a 10% yearly increase in kennel capacity, an increase in adoptions from kennels, a doubling of the capture of stray dogs, or a stabilisation of the owned dog population. Results indicate that optimal management decisions are complex because welfare, nuisance and monetary costs may imply conflicting interventions. Nevertheless, they clearly indicate that

Economic feasibility of hydrogen enrichment for reducing NOx emissions from landfill gas power generation alternatives: A comparison of the levelized cost of electricity with present strategies

International Nuclear Information System (INIS)

Kornbluth, Kurt; Greenwood, Jason; Jordan, Eddie; McCaffrey, Zach; Erickson, Paul A.

2012-01-01

Based on recent research showing that hydrogen enrichment can lower NO x emissions from landfill gas combustion below future NO x emission control standards imposed by both federal and California state regulations, an investigation was performed to compare the levelized cost of electricity of this technology with other options. In this cost study, a lean-burn reciprocating engine with no after-treatment was the baseline case to compare six other landfill gas-to-energy projects. These cases include a lean burn engine with selective catalytic reduction after treatment, a lean-burn microturbine, and four variations on an ultra-lean-burn engine utilizing hydrogen enrichment with each case using a different method of hydrogen production. Only hydrogen enrichment with an in-stream autothermal fuel reformer was shown to be potentially cost-competitive with current strategies for reaching the NO x reduction target in IC engines. - Highlights: ► Levelized cost of electricity for hydrogen enriched combustion was compared. ► Various ultra-lean-burn engines and microturbines with hydrogen were analyzed. ► Combustion with an autothermal fuel reformer was potentially cost-competitive.

The Effects of Nurse Staffing on Hospital Financial Performance: Competitive Versus Less Competitive Markets

Science.gov (United States)

Everhart, Damian; Neff, Donna; Al-Amin, Mona; Nogle, June; Weech-Maldonado, Robert

2013-01-01

Background Hospitals facing financial uncertainty have sought to reduce nurse staffing as a way to increase profitability. However, nurse staffing has been found to be important in terms of quality of patient care and nursing related outcomes. Nurse staffing can provide a competitive advantage to hospitals and as a result better financial performance, particularly in more competitive markets Purpose In this study we build on the Resource-Based View of the Firm to determine the effect of nurse staffing on total profit margin in more competitive and less competitive hospital markets in Florida. Methodology/Approach By combining a Florida statewide nursing survey with the American Hospital Association Annual Survey and the Area Resource File, three separate multivariate linear regression models were conducted to determine the effect of nurse staffing on financial performance while accounting for market competitiveness. The analysis was limited to acute care hospitals. Findings Nurse staffing levels had a positive association with financial performance (β=3.3; p=0.02) in competitive hospital markets, but no significant association was found in less competitive hospital markets. Practice Implications Hospitals in more competitive hospital markets should reconsider reducing nursing staff, as these cost cutting measures may be inefficient and negatively affect financial performance. PMID:22543824

Cost-effectiveness of public-health policy options in the presence of pretreatment NNRTI drug resistance in sub-Saharan Africa: a modelling study.

Science.gov (United States)

Phillips, Andrew N; Cambiano, Valentina; Nakagawa, Fumiyo; Revill, Paul; Jordan, Michael R; Hallett, Timothy B; Doherty, Meg; De Luca, Andrea; Lundgren, Jens D; Mhangara, Mutsa; Apollo, Tsitsi; Mellors, John; Nichols, Brooke; Parikh, Urvi; Pillay, Deenan; Rinke de Wit, Tobias; Sigaloff, Kim; Havlir, Diane; Kuritzkes, Daniel R; Pozniak, Anton; van de Vijver, David; Vitoria, Marco; Wainberg, Mark A; Raizes, Elliot; Bertagnolio, Silvia

2018-03-01

There is concern over increasing prevalence of non-nucleoside reverse-transcriptase inhibitor (NNRTI) resistance in people initiating antiretroviral therapy (ART) in low-income and middle-income countries. We assessed the effectiveness and cost-effectiveness of alternative public health responses in countries in sub-Saharan Africa where the prevalence of pretreatment drug resistance to NNRTIs is high. The HIV Synthesis Model is an individual-based simulation model of sexual HIV transmission, progression, and the effect of ART in adults, which is based on extensive published data sources and considers specific drugs and resistance mutations. We used this model to generate multiple setting scenarios mimicking those in sub-Saharan Africa and considered the prevalence of pretreatment NNRTI drug resistance in 2017. We then compared effectiveness and cost-effectiveness of alternative policy options. We took a 20 year time horizon, used a cost effectiveness threshold of US$500 per DALY averted, and discounted DALYs and costs at 3% per year. A transition to use of a dolutegravir as a first-line regimen in all new ART initiators is the option predicted to produce the most health benefits, resulting in a reduction of about 1 death per year per 100 people on ART over the next 20 years in a situation in which more than 10% of ART initiators have NNRTI resistance. The negative effect on population health of postponing the transition to dolutegravir increases substantially with higher prevalence of HIV drug resistance to NNRTI in ART initiators. Because of the reduced risk of resistance acquisition with dolutegravir-based regimens and reduced use of expensive second-line boosted protease inhibitor regimens, this policy option is also predicted to lead to a reduction of overall programme cost. A future transition from first-line regimens containing efavirenz to regimens containing dolutegravir formulations in adult ART initiators is predicted to be effective and cost-effective in

East-Asia nuclear/fossil power plant competitiveness

International Nuclear Information System (INIS)

Braun, Ch.

1996-01-01

The competitiveness of a new nuclear plant vs. a new oil or gas fired combined cycle plant or a coal fired plant in East-Asia, is reviewed in the paper. Both the nuclear and the fossil fired plants are evaluated as either utility financed or independent power producer (IPP) financed. Two types of advanced light water reactors (ALWRs) are considered in this paper, namely evolutionary ALWRs (1200 MWe size) and passive ALWRs (600 MWe class). A range of capital and total generation costs for each plant type is reported here. The comparison centers on three elements of overall competitiveness: generation costs, hard currency requirements, and employment requirements. Each of these aspects is considered perspective. Year-by-Year generation cost history over the plant lifetime is shown in some cases. It is found here that a utility financed evolutionary and passive ALWRs are broadly competitive with an IPP financed gas fired combined cycle plant and are more economic than oil fired combined cycle or a coal fired plant. A single unit evolutionary ALWR may have a 12 - 15 % capital cost advantage over a single passive ALWR then adjusted on a per KWe basis. Front-end hard currency requirements of a passive ALWR are 2.5 times higher than for a combined plant and evolutionary ALWRs requires 3.6 times higher up-front cost. However, on a lifetime basis, passive ALWR net hard currency requirements are two times lower than for a combined cycle plant. Evolutionary ALWR net hard currency requirements are three times over than those of a combined cycle plant. The effects of domestic vs. world price of fossil fuels on relative nuclear competitiveness are reviewed in this nuclear competitiveness paper. Employment requirements in an ALWR during both the construction period and lifetime operation, exceed the requirements for oil or gas fired plants by a factor of five. While contributing to overall plant cost, employment requirements can also be viewed as opportunity to increase national

Management options for recycling radioactive scrap metals

Energy Technology Data Exchange (ETDEWEB)

Dehmel, J.C.; MacKinney, J.; Bartlett, J.

1997-02-01

The feasibility and advantages of recycling radioactive scrap metals (RSM) have yet to be assessed, given the unique technical, regulatory, safety, and cost-benefit issues that have already been raised by a concerned recycling industry. As is known, this industry has been repeatedly involved with the accidental recycling of radioactive sources and, in some cases, with costly consequences. If recycling were deemed to be a viable option, it might have to be implemented with regulatory monitoring and controls. Its implementation may have to consider various and complex issues and address the requirements and concerns of distinctly different industries. There are three basic options for the recycling of such scraps. They are: (1) recycling through the existing network of metal-scrap dealers and brokers, (2) recycling directly and only with specific steelmills, or (3) recycling through regional processing centers. Under the first option, scrap dealers and brokers would receive material from RSM generators and determine at which steelmills such scraps would be recycled. For the second option, RSM generators would deal directly with selected steelmills under specific agreements. For the third option, generators would ship scraps only to regional centers for processing and shipment to participating steelmills. This paper addresses the potential advantages of each option, identifies the types of arrangements that would need to be secured among all parties, and attempts to assess the receptivity of the recycling industry to each option.

Electricity market competition and nuclear power

International Nuclear Information System (INIS)

Varley, C.; Paffenbarger, J.

1999-01-01

Throughout the world, the Organization for Economic Cooperation and Development (OECD) member countries' governments are promoting competitive electricity markets. In particular, there is a move away from administrative price-setting by government institutions to market price-setting through the introduction of competition. Today this is often focused on competition in generation. However, competition among final electricity suppliers and distributors to provide effective consumer choice is a further step that governments are likely to pursue as experience with market reform grows. This competitive environment will undoubtedly impact upon the nuclear generation industry. Competition will provide an opportunity to reinvigorate nuclear power; it will improve the transparency of energy policy-making and the policy framework for nuclear power; it will spur innovation in existing plants and help prospects for new plant build; and provide a strong impetus for cost reduction and innovation. This paper discusses these issues in detail. It looks at the potential benefits and challenges to the nuclear generation industry arising from an increasingly competitive market. (author)

Energy and competitiveness

International Nuclear Information System (INIS)

Taylor, D.; Flaman, L.; Beigie, C.

1992-01-01

Energy efficiency-related programs in two Canadian provinces are reviewed. The Ontario Ministry of Energy has implemented programs to improve industrial energy efficiency in order to contribute to future economic growth. Since 1987, the Industrial Energy Services Program provides energy audits, feasibility analysis grants, and project engineering grants for energy efficiency improvements. Results show that an industrial plant can cut its energy costs by an average of 10% with the proper help. To minimize electricity costs, Ontario Hydro has a demand management program that offers a combination of financial assistance for energy conservation measures, rate incentives, standards and regulation, and fuel substitution. Results in 1992 show 250 MW in saved and shifted load. In Alberta, a TransAlta Utilities program in supply side management has the objective of maximizing the production potential of existing plants. The resulting benefit is improved electric power production efficiency that leads to increased competitiveness. Side benefits include delay of new plant construction, reduced coal consumption, and reduction in greenhouse gas emissions. Finally, Canada's economic competitiveness is reviewed historically and measures to improve this competitiveness are suggested. A new national policy strategy would include gradual elimination of all import tariffs, optimization of natural resources, securing energy availability at prices at or below world levels, and becoming a leader in transportation and communications. 1 fig., 1 tab

Petroleum product refining: plant level analysis of costs and competitiveness. Implications of greenhouse gas emission reductions. Vol 1

International Nuclear Information System (INIS)

Kelly, S.J.; Crandall, G.R.; Houlton, G.A.; Kromm, R.B.

1999-01-01

Implications on the Canadian refining industry of reducing greenhouse gas (GHG) emissions to meet Canada's Kyoto commitment are assessed, based on a plant-level analysis of costs, benefits and economic and competitive impacts. It was determined on the basis of demand estimates prepared by Natural Resources Canada that refining industry carbon dioxide emissions could be as much a 38 per cent higher than 1990 levels in 2010. Achieving a six per cent reduction below 1990 levels from this business-as-usual case is considered a very difficult target to achieve, unless refinery shutdowns occur. This would require higher imports to meet Canada's petroleum products demand, leaving total carbon dioxide emissions virtually unchanged. A range of options, classified as (1) low capital, operating efficiency projects, (2) medium capital, process/utility optimization projects, (3) high capital, refinery specific projects, and (4) high operating cost GHG projects, were evaluated. Of these four alternatives, the low capital or operating efficiency projects were the only ones judged to have the potential to be economically viable. Energy efficiency projects in these four groups were evaluated under several policy initiatives including accelerated depreciation and a $200 per tonne of carbon tax. Result showed that an accelerated depreciation policy would lower the hurdle rate for refinery investments, and could achieve a four per cent reduction in GHG emissions below 1990 levels, assuming no further shutdown of refinery capacity. The carbon tax was judged to be potentially damaging to the Canadian refinery industry since it would penalize cracking refineries (most Canadian refineries are of this type); it would provide further uncertainty and risk, such that industry might not be able to justify investments to reduce emissions. The overall assessment is that the Canadian refinery industry could not meet the pro-rata Kyoto GHG reduction target through implementation of economically

US producers in a competitive market

International Nuclear Information System (INIS)

Beck, M.

1987-01-01

The current (1986) situation in the world-wide uranium market is explained and the competitiveness of United States producers is considered in this context. Historical export contracts by US producers are examined to evaluate how sales quantities by region have changed. The influence of inflation and exchange rates on production costs are considered. The threat of US protectionism is discussed. Despite the contraction of the US uranium industry in recent years a number of US producers have remained competitive. Factors which could increase US competitiveness are listed. (U.K.)

More competition, less staff

International Nuclear Information System (INIS)

Martin, T.D.

1996-01-01

Staffing at US nuclear plants has been sharply reduced in recent years, as nuclear plants strive for aggressive cost reduction in a deregulating energy market. These steps have proved necessary to make nuclear plant production competitive with alternative sources. (author)

Nonsurgical Treatment Options for Basal Cell Carcinoma

International Nuclear Information System (INIS)

Lien, M. H.; Sondak, V. K.; Sondak, V. K.

2011-01-01

Basal cell carcinoma (BCC) remains the most common form of non melanoma skin cancer (NMSC) in Caucasians, with perhaps as many as 2 million new cases expected to occur in the United States in 2010. Many treatment options, including surgical interventions and nonsurgical alternatives, have been utilized to treat BCC. In this paper, two non-surgical options, imiquimod therapy and photodynamic therapy (PDT), will be discussed. Both modalities have demonstrated acceptable disease control rates, cosmetically superior outcomes, and short-term cost-effectiveness. Further studies evaluating long-term cure rates and long-term cost effectiveness of imiquimod therapy and PDT are needed.

Determination of leveled costs of electric generation for gas plants, coal and nuclear; Determinacion de costos nivelados de generacion electrica para plantas de gas, carbon y nucleares

Energy Technology Data Exchange (ETDEWEB)

Alonso V, G.; Palacios H, J.C.; Ramirez S, J.R.; Gomez, A. [ININ, 52045 Ocoyoacac, Estado de Mexico (Mexico)]. e-mail: galonso@nuclear.inin.mx

2005-07-01

The present work analyzes the leveled costs of electric generation for different types of nuclear reactors known as Generation III, these costs are compared with the leveled costs of electric generation of plants with the help of natural gas and coal. In the study several discount rates were used to determine their impact in the initial investment. The obtained results are comparable with similar studies and they show that it has more than enough the base of the leveled cost the nuclear option it is quite competitive in Mexico. Also in this study it is also thinks about the economic viability of a new nuclear power station in Mexico. (Author)

Platform decommissioning costs

International Nuclear Information System (INIS)

Rodger, David

1998-01-01

There are over 6500 platforms worldwide contributing to the offshore oil and gas production industry. In the North Sea there are around 500 platforms in place. There are many factors to be considered in planning for platform decommissioning and the evaluation of options for removal and disposal. The environmental impact, technical feasibility, safety and cost factors all have to be considered. This presentation considers what information is available about the overall decommissioning costs for the North Sea and the costs of different removal and disposal options for individual platforms. 2 figs., 1 tab